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MIRA INFORM REPORT
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Report No. : |
489560 |
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Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
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Name : |
NBA INDIA BASKETBALL PRIVATE LIMITED |
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Registered
Office : |
Unit Number 1002-B, 10th Floor, Tower 1, Indiabulls Finance Center,
Senapati Bapat Marg, Mumbai – 400013, Maharashtra |
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Tel. No.: |
91-22-61241600/ 33040610 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
15.07.2011 |
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Com. Reg. No.: |
11-219831 |
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Capital
Investment / Paid-up Capital : |
INR 0.101 Million |
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CIN No.: [Company Identification
No.] |
U74900MH2011FTC219831 |
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IEC No.: |
Not Divulged |
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GSTIN : |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCN6892R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into promotion of sports event. [Registered Activity] |
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No. of Employees
: |
10 (Approximately) (As per site visit) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
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Credit Rating |
Explanation |
Rating Comments |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “NBA Properties INC, USA” and was incorporated in the year 2011. For the financial year 2017, the company has marginally declined in its revenue from operation as compared to previous year but maintained decent profitability margin of 7.66%. Rating takes into consideration sound financial profile of the company marked by adequate networth base and negligible debt balance sheet. Further, rating also reflects from its strong holding company support and established track records of business operation. However, rating strength is partially offset by marginal declined in the revenue as well as profitability during the year. Trade relations are reported as fair. Business is active. Payments terms are seems to be regular. In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the company on the given address. Our executive met to Mr. Santosh (Office Executive) of the company and he provided contact details of i.e. 8652442284. As per our executive observation, location of the company is easy to find. Landmark was India Bulls. It is 27 storey building and company is situated on 10th floor. Locality appears to be commercial. Area seems to be upmarket. 10 employees were sighted into premises. Our executive has sighted name board of the company at the given address. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 03.02.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Santosh |
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Designation : |
Office executive |
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Contact No.: |
91-8652442284 |
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Date : |
03.02.2018 |
LOCATIONS
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Registered Office : |
Unit Number 1002-B, 10th Floor, Tower 1, Indiabulls Finance Center,
Senapati Bapat Marg, Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-61241600/ 33040610 |
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Mobile No.: |
91-8652442284 (Mr. Santosh) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Locality: |
Commercial (As per site visit) |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Arthur Yannick Colaco |
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Designation : |
Director |
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Address : |
H No. 151-A, Behind Holy Spirit Nursing Home Marg, Goa-403601, India |
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Date of Birth/Age : |
28.06.1979 |
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Date of Appointment : |
03.01.2014 |
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DIN No.: |
03398453 |
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Name : |
Mr. Vishal Agarwal |
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Designation : |
Additional Director |
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Address : |
A 502, Girdhar Park, Mith Chowky, Malad (West), Mumbai-400064, Maharashtra, India |
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Date of Birth/Age : |
28 Years |
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Qualification : |
Chartered Accountant |
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Date of Appointment : |
05.12.2016 |
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DIN No.: |
07640374 |
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Name : |
Mr. Stuart Christopher Orsak |
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Designation : |
Director |
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Address : |
Flat 304, 3/F, Welsby Court 78-80 Macdonnell Road The Peak 0 HK |
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Date of Birth/Age : |
39 Years |
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Qualification : |
Juris Doctorate Law |
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Date of Appointment : |
24.03.2017 |
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DIN No.: |
07752633 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh |
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Designation : |
Office executive |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
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Names of Shareholders |
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No. of Shares |
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NBA Properties Inc., United States of America |
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10059 |
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NBA Products International, United States |
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1 |
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Total |
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10060 |
AS ON 28.09.2017
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Equity Share
Break up |
Percentage |
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Category |
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Promoters - Bodies corporate |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged into promotion of sports event. [Registered Activity] |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
10 (Approximately) (As per site visit) |
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Bankers : |
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Auditors : |
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Name : |
S. R. Batliboi and Associates LLP Chartered Accountants |
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Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (West),
Mumbai-400028, Maharashtra, India |
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Tel No.: |
91-22-61920000 |
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Fax No.: |
91-22-61921000 |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9118A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
NBA Properties Inc., United States of America |
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
10060 |
Equity Shares |
INR 10/- each |
INR 0.101
Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.101 |
0.101 |
0.101 |
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(b) Reserves &
Surplus |
61.015 |
46.746 |
30.372 |
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(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
61.116 |
46.847 |
30.473 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
2.816 |
2.270 |
2.488 |
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Total Non-current
Liabilities (3) |
2.816 |
2.270 |
2.488 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
1.912 |
2.839 |
21.230 |
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(c) Other current
liabilities |
30.802 |
59.632 |
29.690 |
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(d) Short-term provisions |
4.327 |
3.360 |
1.369 |
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Total Current Liabilities
(4) |
37.041 |
65.831 |
52.289 |
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TOTAL |
100.973 |
114.948 |
85.250 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
11.780 |
15.462 |
0.773 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets
(net) |
5.700 |
6.559 |
2.168 |
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(d) Long-term Loan and Advances |
5.642 |
3.254 |
5.120 |
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(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
23.122 |
25.275 |
8.061 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
14.126 |
0.000 |
0.000 |
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(d) Cash and cash
equivalents |
35.523 |
67.065 |
67.875 |
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(e) Short-term loans and
advances |
28.202 |
22.608 |
9.314 |
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(f) Other current assets |
0.000 |
0.000 |
0.000 |
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Total Current Assets |
77.851 |
89.673 |
77.189 |
|
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|
|
|
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TOTAL |
100.973 |
114.948 |
85.250 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
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|
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Income |
186.236 |
210.318 |
188.404 |
|
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Other Income |
5.043 |
3.219 |
0.344 |
|
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TOTAL |
191.279 |
213.537 |
188.748 |
|
|
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Less |
EXPENSES |
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|
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Employees benefits
expense |
62.352 |
54.861 |
56.055 |
|
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Other expenses |
101.910 |
131.732 |
110.365 |
|
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TOTAL |
164.262 |
186.593 |
166.420 |
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PROFIT / (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
27.017 |
26.944 |
22.328 |
|
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|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
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|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
27.017 |
26.944 |
22.328 |
|
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|
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|
Less |
DEPRECIATION/
AMORTISATION |
5.592 |
2.748 |
0.349 |
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PROFIT/ (LOSS) BEFORE TAX |
21.425 |
24.196 |
21.979 |
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Less |
TAX |
7.156 |
7.822 |
7.107 |
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PROFIT/ (LOSS) AFTER TAX
|
14.269 |
16.374 |
14.872 |
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EARNINGS IN FOREIGN
CURRENCY |
|
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|
Service fees |
186.236 |
210.318 |
188.404 |
|
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TOTAL EARNINGS |
186.236 |
210.318 |
188.404 |
|
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Earnings / (Loss) Per
Share (INR) |
1418.00 |
1628.00 |
1478.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
(17.029) |
26.649 |
42.103 |
|
Net cash flow from (used in) operating activities |
(29.632) |
16.627 |
36.020 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
27.69 |
0.00 |
0.00 |
|
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|
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|
Account Receivables Turnover (Income /
Sunday Debtors) |
13.18 |
0.00 |
0.00 |
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Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
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Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
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Asset Turnover (Operating Income / Net Fixed Assets) |
2.29 |
1.74 |
28.88 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.37 |
0.57 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
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Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.61 |
1.41 |
1.72 |
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Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.33 |
0.03 |
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|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT
/ Sales) * 100] |
% |
7.66 |
7.79 |
7.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
14.13 |
14.24 |
17.45 |
|
|
|
|
|
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|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
23.35 |
34.95 |
48.80 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.10 |
1.36 |
1.48 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.10 |
1.36 |
1.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.61 |
0.41 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.10 |
1.36 |
1.48 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
0.101 |
0.101 |
0.101 |
|
Reserves & Surplus |
30.372 |
46.746 |
61.015 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
30.473 |
46.847 |
61.116 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
188.404 |
210.318 |
186.236 |
|
|
|
11.631 |
(11.450) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
188.404 |
210.318 |
186.236 |
|
Profit |
14.872 |
16.374 |
14.269 |
|
|
7.89% |
7.79% |
7.66% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees (As per site visit) |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from Newbridge Business Centre, Plot No. C38 and C39, 1st
Floor, Parinee Crescenzo, G Block, BKC Bandra (East), Mumbai-400051,
Maharashtra, India to the present address
w.e.f. 01.12.2014.
|
OBSERVATION
POINTS |
|
Name of Company : |
NBA INDIA BASKETBALL PRIVATE LIMITED |
|
|
|
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Address : |
Unit Number 1002-B, 10th Floor, Tower 1, Indiabulls Finance Center,
Senapati Bapat Marg, Mumbai – 400013, Maharashtra, India |
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Mobile No.: |
91-8652442284 |
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Person to whom we met: |
Mr. Santosh
Designation: Office
Executive |
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Name Board: |
Sighted |
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Location: |
Easy |
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Landmark (If Any): |
India Bulls |
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Total Floors of the building: |
27 Floors |
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Subject situated on : |
10th Floor |
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Locality: |
Commercial |
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Area : |
Upmarket |
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No. of Employees
seen at Premises : |
10 |
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Visibility of
Items: |
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Furniture items
sighted : |
Yes |
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Proof of visit: |
Photograph |
CORPORATE
INFORMATION
The company is private limited liability company incorporated and domiciled
in Mumbai on July 15, 2011. The holding company is NBA Properties Inc., a
private limited company incorporated in the United States of America. The
company is incorporated for promoting all aspects of National Basketball
Association’s business in India.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
a) Production and
Profitability
As per the Audited Financial Statements for the year ending 31st March 2017, the Company has generated profits of INR 14.269 Million.
b) Sales
The income from conducting and promoting all aspects of National Basketball Association's business in lndia for the financial year ending 31 March 2017 amounted to INR 186.236 million.
c) Future prospects
including constraints affecting due to Government policies
In line with our global business strategy, the Company has been able to conduct and promote all aspect of National Basketball Association's business activities. The Company has conducted various events during the year for promoting basketball in lndia in collaboration with various partners.
The Company expects to further expand its reach in lndia for promotion of basketball through increased collaboration with current and new partners.
INDEX OF CHARGE: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
- Leasehold
improvements
- Office
equipments
- Computer
equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 64.08 |
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1 |
INR 91.34 |
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Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
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Information
Gathered by : |
PON |
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Analysis Done by
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PRS |
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Report Prepared
by : |
BHG |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.