MIRA INFORM REPORT

 

 

Report No. :

492019

Report Date :

16.02.2018

 

 

IDENTIFICATION DETAILS

 

Name :

INFORMATION TV PRIVATE LIMITED

 

 

Registered Office :

B -116, Ground Floor, Okhla Industrial Area, Phase I, New Delhi - 110020

Tel. No.:

91-11-43794488

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

05.04.2007

 

 

Com. Reg. No.:

55-161698

 

 

Capital Investment / Paid-up Capital :

INR 2700.000 Million

 

 

CIN No.:

[Company Identification No.]

U70102DL2007PTC161698

 

 

IEC No.:

Not Divulged

 

 

GSTIN:

07AABCI6626E1ZR

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCI6626E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The Company is primarily engaged in the business of Media & Real Estates. (Registered Activity)

 

 

No. of Employees :

Information denied by the management

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2007 and it is engaged in broadcasting activities.

 

Management has failed to file its latest financials with Government Registry.

 

As per financials of March 2016, the company has registered a growth of 38.73% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 2.86%.

 

Rating takes into consideration the company’s satisfactory track record of business operation marked by healthy capital base along with low solvency indicators and decent liquidity position.

 

However, rating strength is partially offset by negative reserves of the company.

 

Payments seem to be slow but correct.

 

In view of aforesaid the company can be considered for busies deadlines at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

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 16.02.2018

 

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 DECLINED

 

Management non-cooperative (Tel No.:91-11-66231000)

 

LOCATIONS

 

Registered Office :

B -116, Ground Floor, Okhla Industrial Area, Phase I, New Delhi – 110020, India

Tel. No.:

91-11-43794488

Fax No.:

91-11-4379 4455

E-Mail :

ibf@ibfindia.com

Website :

www.ibfindia.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Kartikeya Sharma

Designation :

Director

Address :

House No 229, Sector 9 C, In Chandigarh- 160017, India

Date of Birth/Age :

14.05.1981

Date of Appointment :

05.04.2007

PAN No.:

AXWPS8550L

DIN No.:

00066621

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U15531DL2006PTC151517

GREENFIELD WASTE MANAGEMENT PRIVATE LIMITED

02/08/2006

-

U22130TG2014PTC093310

VENKATESHH INFORMATION TV PRIVATE LIMITED

04/03/2014

-

U45201DL2005PLC140142

ORIENT CRAFT INFRASTRUCTURE LIMITED

09/11/2005

-

U64100DL2011PTC226717

ITN NEWS PRIVATE LIMITED

24/10/2011

-

U64200DL2011PTC226691

NBC MEDIA PRIVATE LIMITED

24/10/2011

-

U74999HR2003PTC035249

ABC NEWS NETWORK PRIVATE LIMITED

27/06/2006

-

U92130DL2008PTC181172

GANGA TV PRIVATE LIMITED

22/07/2008

-

U93030DL2009PTC197081

MUMBAI MEDIA NETWORK PRIVATE LIMITED

17/12/2009

-

 

 

Name :

Mr. Sumit Kumar Dewan

Designation :

Director

Address :

H.N. 214 Sector 45A Chandigarh- 160047, India

Date of Birth/Age :

16.05.1982

Date of Appointment :

05.04.2007

PAN No.:

AIKPD3450F

DIN No.:

00918114

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U15122DL2007PTC162115

PICCADILY FLIGHT KITCHEN FOODS & BEVERAGES PRIVATE LIMITED

16/04/2007

-

U15410DL2014PTC271049

DEWAN F & B SERVICES PRIVATE LIMITED

01/09/2014

-

U22210DL2012PTC231539

INDIA NEWSWIRE SERVICES PRIVATE LIMITED

28/09/2013

-

U22211DL2012PTC245266

INDIA NEWS RAJ PRIVATE LIMITED

26/11/2012

-

U22211DL2013PTC249107

DIRECT TV BROADCASTING PRIVATE LIMITED

06/03/2013

-

U63023DL2005PTC140768

VAIBHAV WAREHOUSING PRIVATE LIMITED

04/08/2014

-

U64100DL2011PTC226717

ITN NEWS PRIVATE LIMITED

24/10/2011

-

U64200DL2011PTC226691

NBC MEDIA PRIVATE LIMITED

24/10/2011

-

U70101DL2006PTC279928

DIRECT NEWS PRIVATE LIMITED

01/11/2012

-

 

 

Name :

Mr. Arun Aggarwal

Designation :

Director

Address :

356, Krishi Apartments D- Block, Vikaspuri New Delhi- 110018, India

Date of Appointment :

30.09.2016

DIN No.:

01918638

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U22100HR2013PTC048764

PRO SPORTIFY PRIVATE LIMITED

28/09/2015

-

U22210DL2012PTC231539

INDIA NEWSWIRE SERVICES PRIVATE LIMITED

24/08/2015

-

U70102DL2007PTC161698

INFORMATION TV PRIVATE LIMITED

30/09/2016

-

U72200RJ2001PLC016953

ALPIERS TECHNOLOGIES LIMITED

12/06/2017

-

U74940DL2016PTC289670

DIAL ITV SERVICES PRIVATE LIMITED

18/01/2016

-

U92130DL2008PTC177329

THREE D GRAPHICS (INDIA) PRIVATE LIMITED

28/04/2008

-

 

 

KEY EXECUTIVES

 

Name :

Ms. Disha Arora

Designation :

Company Secretary

Address :

C-60, First Floor, New Multan Nagar, Delhi – 110056, India

Date of Appointment :

01.04.2015

PAN No.:

AWUPA4023F

 

MAJOR SHAREHOLDERS

 

As on 30.09.2016

 

Names of Shareholders

No. of Shares

Kartikeya Sharma

90000

Sumit Kumar Dewan

10000

Lakshy Buildtech Private Limited

6150000

Mark Buildtech Private Limited

106030000

Onkareshwar Properties Private Limited

20000000

Mariana Properties Limited

10000000

Direct News Private Limited

37720000

Malvina Developers Private Limited

90000000

Total

270000000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2016

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

0.04

Public/Other than promoters (Body corporate)

99.96

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is primarily engaged in the business of Media & Real Estates. (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

99844200

News channel

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

 

Banker Name :

Punjab National Bank

Branch :

Bo:- NSIC Bhawan Okhla Industrial Area Phase -3, New Delhi-110020, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Facilities :

Secured Loan

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

Long-term Borrowings

 

 

Rupee term loans from banks

18.239

16.640

 

 

 

Total

18.239

16.640

 

Auditors :

 

Name :

Mars and Associates

Chartered Accountants

Address :

C-3, Amar Colony Lajpat Nagar, New Delhi, India

Income-tax PAN of auditor or auditor's firm :

AAVFM1242M

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Wholly Owned subsidiaries:
  • India Newswire Services Private Limited
  • India News Media Acedmy Private Limited

 

 

Other owned subsidiaries:-
  • India News Broadcasting Private Limited
  • North West News Private Limited (Formerly known as ITV News Private Limited )
  • Tathasthu Information Private Limited

 

 

Associates
  • Malvina Developers Private Limited

 

 

Company in which KMP / Relatives of KMP can exercise significant influence
  • Greenfield Waste Management Private Limited
  • Direct Tv Private Limited
  • Clear Vision Media Private Limited
  • Victor Contractor Private Limited
  • Tathastu Information Technology Private Limited
  • Mark Buildtech Private Limited
  • Good Morning India Private Limited
  • Direct News Private Limited
  • Indi Media Company Private Limited
  • North-West News Private Limited (Formerly Known As I Tv News
  • Private Limited)
  • India News Broadcasting Private Limited
  • India Newswire Services Private Limited
  • India News Raj Private Limited
  • Pro Sportify Private Limited (Earlier Sai Fiber Private Limited)
  • Itv Productions Private Limited
  • Adland Media Services Private Limited
  • Malvina Developers Private Limited

 

CAPITAL STRUCTURE

 

As on 31.03.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

300000000

Equity Shares

INR 10/- each

INR 3000.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

270000000

Equity Shares

INR 10/- each

INR 2700.000 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET (STANDALONE)

 

SOURCES OF FUNDS

 

31.03.2016

31.03.2015

31.03.2014

I.      EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

2700.000

2700.000

922.800

(b) Reserves and Surplus

(530.661)

(574.481)

(722.222)

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

2169.339

2125.519

200.578

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

23.239

21.640

1247.319

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long-term liabilities

0.000

0.000

0.000

(d) long-term provisions

6.667

0.000

0.000

Total Non-current Liabilities (3)

29.906

21.640

1247.319

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

0.000

0.000

0.000

(b) Trade payables

560.863

183.323

219.093

(c) Other current liabilities

117.656

93.697

92.766

(d) Short-term provisions

49.117

32.593

52.940

Total Current Liabilities (4)

727.636

309.613

364.799

 

 

 

 

TOTAL

2926.881

2456.772

1812.696

 

 

 

 

II.    ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

128.109

125.434

148.690

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Tangible assets capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1364.400

1363.233

986.633

(c) Deferred tax assets (net)

14.853

10.478

2.461

(d) Long-term loans and advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

1507.362

1499.145

1137.784

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

292.687

280.580

187.580

(c) Trade receivables

382.857

434.132

190.812

(d) Cash and bank balances

13.142

5.805

22.881

(e) Short-term loans and advances

711.431

219.882

259.354

(f) Other current assets

19.402

17.228

14.285

Total Current Assets

1419.519

957.627

674.912

 

 

 

 

TOTAL

2926.881

2456.772

1812.696

 

 

PROFIT & LOSS ACCOUNT (STANDALONE)

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Revenue from operations

1530.889

1103.538

425.329

 

Other Income

3.324

8.349

32.465

 

TOTAL

1534.213

1111.887

457.794

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

929.436

463.551

492.830

 

Purchases of Stock-in-Trade

32.107

120.000

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(12.107)

(93.000)

0.000

 

Employee benefit expense

272.088

187.151

174.681

 

Other expenses

217.881

236.115

189.006

 

TOTAL

1439.405

913.817

856.517

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

94.808

198.070

(398.723)

 

 

 

 

 

Less

FINANCIAL EXPENSES

5.099

3.435

0.931

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

89.709

194.635

(399.654)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

40.687

50.984

28.373

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

49.022

143.651

(428.027)

 

 

 

 

 

Less

TAX

5.202

(8.018)

(0.985)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

43.820

151.669

(427.042)

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

0.16

0.56

(1.58)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

NA

NA

NA

Net cash flows from (used in) operations

43.965

(150.573)

(352.194)

Net cash flows from (used in) operating activities

52.279

(160.492)

(364.279)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

91.28

143.59

163.75

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

4.00

2.54

2.23

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

212.90

114.67

162.26

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.32

0.71

(2.13)

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.74

1.58

(2.68)

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.26

0.13

0.89

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.01

0.01

6.22

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.34

0.15

1.82

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.06

0.06

0.74

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

18.59

57.66

(428.27)

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

((PAT / Sales) * 100)

%

2.86

13.74

(100.40)

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

1.50

6.17

(23.56)

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

2.02

7.14

(212.91)

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.95

3.09

1.85

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.55

2.19

1.34

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.74

0.87

0.11

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.01

0.01

1.35

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.95

3.09

1.85

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Share Capital

922.800

2700.000

2700.000

Reserves & Surplus

(722.222)

(574.481)

(530.661)

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

200.578

2125.519

2169.339

 

 

 

 

Long-term borrowings

1247.319

21.640

23.239

Short term borrowings

0.000

0.000

0.000

Total borrowings

1247.319

21.640

23.239

Debt/Equity ratio

6.219

0.010

0.011

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Sales

425.329

1103.538

1530.889

 

 

159.455

38.726

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Sales

425.329

1103.538

1530.889

Profit/ (Loss)

(427.042)

151.669

43.820

 

(100.40 %)

13.74 %

2.86 %

 

 

 

 

ABRIDGED BALANCE SHEET (CONSOLIDATED)

 

SOURCES OF FUNDS

 

31.03.2016

31.03.2015

I.      EQUITY AND LIABILITIES

 

 

(1)Shareholders' Funds

 

 

(a) Share Capital

2700.000

2700.000

(b) Reserves and Surplus

(540.648)

(581.322)

(c) Money received against share warrants

0.000

0.000

 

 

 

(2) Share Application money pending allotment

0.000

0.000

Total Shareholders’ Funds (1) + (2)

2159.352

2118.678

 

 

 

(3) Non-Current Liabilities

 

 

(a) long-term borrowings

31.534

21.640

(b) Deferred tax liabilities (Net)

0.013

0.000

(c) Other long-term liabilities

0.000

0.000

(d) long-term provisions

6.667

0.000

Total Non-current Liabilities (3)

38.214

21.640

 

 

 

(4) Current Liabilities

 

 

(a) Short-term borrowings

0.000

0.000

(b) Trade payables

568.516

190.436

(c) Other current liabilities

117.656

93.696

(d) Short-term provisions

52.087

32.948

Total Current Liabilities (4)

738.259

317.080

 

 

 

TOTAL

2936.008

2457.666

 

 

 

II.    ASSETS

 

 

(1) Non-current assets

 

 

(a) Fixed Assets

 

 

(i) Tangible assets

132.549

131.617

(ii) Intangible Assets

40.922

40.744

(iii) Tangible assets capital work-in-progress

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

(b) Non-current Investments

1318.050

1316.883

(c) Deferred tax assets (net)

14.954

10.506

(d) Long-term loans and advances

0.000

0.000

(e) Other Non-current assets

2.115

2.115

Total Non-Current Assets

1508.590

1501.865

 

 

 

(2) Current assets

 

 

(a) Current investments

0.000

0.000

(b) Inventories

292.687

280.580

(c) Trade receivables

390.274

440.092

(d) Cash and bank balances

14.623

6.031

(e) Short-term loans and advances

709.608

210.963

(f) Other current assets

20.226

18.135

Total Current Assets

1427.418

955.801

 

 

 

TOTAL

2936.008

2457.666

 

 

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

 

 

PARTICULARS

31.03.2016

31.03.2015

 

SALES

 

 

 

Total Revenue from operations

1542.433

1106.118

 

Other Income

3.715

8.619

 

TOTAL

1546.148

1114.737

 

 

 

 

Less

EXPENSES

 

 

 

Cost of Materials Consumed

934.818

464.639

 

Purchases of Stock-in-Trade

32.107

120.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(12.107)

(93.000)

 

Employee benefit expense

274.825

190.809

 

Other expenses

222.986

239.980

 

TOTAL

1452.629

922.428

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

93.519

192.309

 

 

 

 

Less

FINANCIAL EXPENSES

5.115

3.438

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

88.404

188.871

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

42.853

57.921

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

45.551

130.950

 

 

 

 

Less

TAX

5.141

(9.082)

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

40.410

140.032

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

0.14

0.51

 

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

No

5]

Buyer visit details

--

6]

Contact numbers

Yes

7]

Name of the person contacted

No

8]

Designation of contact person

No

9]

Promoter’s background

Yes

10]

Date of Birth of Proprietor / Partners / Directors

Yes

11]

Pan Card No. of Proprietor / Partners

Yes

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

No

17]

Details of sister concerns

Yes

18]

Major suppliers

No

19]

Major customers

No

20]

Banking Details

Yes

21]

Banking facility details

Yes

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

No

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

 

BACKGROUND

The Company is primarily engaged in the business of Media and Real Estates.

 

PERFORMANCE REVIEW

 

During the year the company has earned a revenue of INR 1530.889 million from its operations and Net Profit of INR 43.820 million for the financial year 2015-16. The Directors are hopeful of better results in the ensuing year.

 

UNSECURED LOAN

 

PARTICULAR

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Other loans and advances

5.000

5.000

 

 

 

Total

5.000

5.000

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

2

G08405953

100041800

HDFC BANK LIMITED

31/05/2016

-

-

3150000.0

HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI-400013 MAHARASHTRA, INDIA

1

G38275319

100069205

PUNJAB NATIONAL BANK

13/10/2016

16/02/2017

-

11000000.0

BO:- NSIC BHAWAN OKHLA INDUSTRIAL AREA PHASE -3 NEW DELHI-110020 INDIA

 

 

FIXED ASSETS

  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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

 

Currency

 
Unit

INR

US Dollar

1

INR 64.28

UK Pound

1

INR 89.02

Euro

1

INR 78.93

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

VIV

 

 

Report Prepared by :

RKI

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.