|
|
|
MIRA INFORM REPORT
|
Report No. : |
492605 |
|
Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NOVI DIGITAL
ENTERTAINMENT PRIVATE LIMITED (w.e.f. 20.01.2015) |
|
|
|
|
Formerly Known As
: |
INDYA INTERACTIVE SERVICES PRIVATE LIMITED (w.e.f. 05.02.2009) INDYA.COM PORTAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Star House, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel
(West), Mumbai - 400013, Maharashtra |
|
Tel. No.: |
91-22-66305555 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
29.02.2000 |
|
|
|
|
Com. Reg. No.: |
11-242292 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 539.430 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64202MH2000PTC242292 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
GSTIN No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI6386A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is primarily engaged in the business of
owning, operating and managing the digital platforms across web, mobile web
and mobile applications [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 |
|
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|
|
Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is wholly owned subsidiary of Star India Private Limited and its ultimate holding company is Twenty-First Century Fox Inc. (New York) It was incorporated in the year 2000 and run digital and mobile entertainment platform in name of Hotstar (Stylized as Hotstar). Viewers can watch all the shows aired on the Star channels a day later on Hotstar. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered a healthy growth in its revenue but has reported losses. Rating takes into consideration the company’s strong financial, managerial and technical support received from the holding company and well established management team. Further, Twenty-First Century Fox Inc. has been ranked 101th in Fortune 500 Companies. However, rating strength is partially offset by eroded net worth of the company. Payments seems to be slow but correct. In view of strong holding support, the company can be
considered for business dealings 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.
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 17.02.2018
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
MANAGEMENT NON-COOPERATIVE (Tel No.91-22-66305555)
LOCATIONS
|
Registered Office : |
Star House, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel
(West), Mumbai - 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66305555 |
|
Fax No.: |
91-22-66305050 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 2017
|
Name : |
Mr. Ajit Mohan |
|
Designation : |
Whole time Director |
|
Address : |
7 / Hill Haven, Koonanthai Edappally, North Cochin, Ernakulam – 682024, Kerla, India |
|
Date of Birth/Age : |
29.031975 |
|
Qualification: |
B Tech (Hons), Mechanical Engineering, Post-Graduation
Diploma in Marketing |
|
Date of Appointment : |
12.01.2015 |
|
DIN No.: |
07041491 |
|
|
|
|
Name : |
Sheenaz Hormazd Dastur |
|
Designation : |
Director |
|
Address : |
369, Villa Queenie Flat No. 5, 16th Road Bandra (West), Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
29.06.1968 |
|
Date of Appointment : |
12.06.2017 |
|
DIN No.: |
07820499 |
MAJOR SHAREHOLDERS
AS ON 26.08.2016
|
Names of Shareholders |
|
No. of Shares |
|
Star India Private Limited |
|
539431540 |
|
Sanjay Deepchandra Jain |
|
10 |
|
Rishi Kanwarjeet Gaind |
|
10 |
|
Total |
|
539431560 |
AS ON 26.08.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Bodies corporate] |
99.99999629 |
|
Public/ Other than promoters – [Individual/Hindu Undivided Family] |
0.00000371 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the business of
owning, operating and managing the digital platforms across web, mobile web
and mobile applications [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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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
14th Floor, The
Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai-400028, Maharashtra, India
|
|
PAN No.: |
AABFS3421N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company: [As On 31.03.2016] |
Star India Private Limited, India [CIN NO.: U72300MH1994PTC076485] |
|
|
|
|
Ultimate Holding
Company: [As On 31.03.2016] |
|
|
|
|
|
Fellow Subsidiary
Company: [As On 31.03.2016] |
[CIN NO.: U90001MH1991PLC178157]
[CIN NO.: U74300MH1996PTC206321]
|
CAPITAL STRUCTURE
After 26.08.2016
Authorised Capital : INR 20000.000 Million
Issued, Subscribed & Paid-up Capital : INR 3752.765
Million
AS ON 26.08.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1300000000 |
Equity Shares |
INR 1/- each |
INR 1300.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
539431560 |
Equity Shares |
INR 1/- each |
INR 539.430 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
539.430 |
277.650 |
67.130 |
|
(b) Reserves &
Surplus |
(4466.340) |
(613.270) |
(32.040) |
|
(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) |
(3926.910) |
(335.620) |
35.090 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
15.570 |
8.700 |
0.000 |
|
Total Non-current
Liabilities (3) |
15.570 |
8.700 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5200.150 |
1350.950 |
0.000 |
|
(b) Trade payables |
1268.460 |
1184.430 |
0.270 |
|
(c) Other current
liabilities |
349.910 |
108.650 |
0.010 |
|
(d) Short-term provisions |
15.430 |
9.460 |
0.000 |
|
Total Current Liabilities
(4) |
6833.950 |
2653.490 |
0.280 |
|
|
|
|
|
|
TOTAL |
2922.610 |
2326.570 |
35.370 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.470 |
3.040 |
0.000 |
|
(ii) Intangible Assets |
900.390 |
1091.050 |
0.000 |
|
(iii) 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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
57.050 |
13.970 |
13.730 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
966.910 |
1108.060 |
13.730 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
120.180 |
213.150 |
0.000 |
|
(c) Trade receivables |
735.000 |
506.060 |
0.000 |
|
(d) Cash and cash
equivalents |
36.280 |
40.820 |
20.730 |
|
(e) Short-term loans and
advances |
1016.360 |
410.940 |
0.000 |
|
(f) Other current assets |
47.880 |
47.540 |
0.910 |
|
Total Current Assets |
1955.700 |
1218.510 |
21.640 |
|
|
|
|
|
|
TOTAL |
2922.610 |
2326.570 |
35.370 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1819.950 |
515.550 |
0.000 |
|
|
Other Income |
37.440 |
2.320 |
1.610 |
|
|
TOTAL |
1857.390 |
517.870 |
1.610 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
424.790 |
67.790 |
0.000 |
|
|
Other expenses |
5049.690 |
1167.160 |
1.060 |
|
|
TOTAL |
5474.480 |
1234.950 |
1.060 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(3617.090) |
(717.080) |
0.550 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
280.700 |
7.070 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
(3897.790) |
(724.150) |
0.550 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
193.500 |
46.550 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(4091.290) |
(770.700) |
0.550 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.380 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
(4091.290) |
(770.700) |
0.170 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
205.820 |
70.470 |
NA |
|
|
TOTAL EARNINGS |
205.820 |
70.470 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
imports of capital goods |
420.540 |
13.740 |
NA |
|
|
TOTAL IMPORTS |
420.540 |
13.740 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
(11.05) |
(11.38) |
0.00 |
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
(4020.400) |
(611.080) |
1.290 |
|
Net cash flow from operating activities |
(4063.480) |
(611.320) |
(0.690) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
147.41 |
358.28 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
2.48 |
1.02 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(30.10) |
(3.36) |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(3.98) |
(0.66) |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
2.34 |
1.14 |
0.01 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
(1.32) |
(4.03) |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
(1.74) |
(7.91) |
0.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
(0.23) |
(3.26) |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(12.89) |
(101.43) |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
(224.80) |
(149.49) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets)
* 100) |
% |
(139.99) |
(33.13) |
0.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
104.19 |
229.63 |
0.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.29 |
0.46 |
77.29 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.27 |
0.38 |
77.29 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
(1.34) |
(0.14) |
0.99 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.64 |
4.87 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.29 |
0.46 |
77.29 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
67.130 |
277.650 |
539.430 |
|
Reserves & Surplus |
(32.040) |
(613.270) |
(4466.340) |
|
Net
worth |
35.090 |
(335.620) |
(3926.910) |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
1350.950 |
5200.150 |
|
Total
borrowings |
0.000 |
1350.950 |
5200.150 |
|
Debt/Equity
ratio |
0.000 |
(4.025) |
(1.324) |
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 |
|
Total
Income |
1.610 |
517.870 |
1857.390 |
|
|
|
32065.839 |
258.660 |
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 |
1.610 |
517.870 |
1857.390 |
|
Profit/ (Loss) |
0.170 |
(770.700) |
(4091.290) |
|
|
10.56% |
(148.82%) |
(220.27%) |
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 |
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 |
No |
|
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 |
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 |
OPERATIONAL REVIEW AND
STATE OF COMPANYS AFFAIRS [As On 31.03.2016]
As you are aware, the Company owns, operates and manages the digital platforms i.e. hotstar (www.hotstar.com) and Starsports.com (www.starsports.com) and the applications thereto. Hotstar is an online video streaming platform currently offering around 50,000 hours of TV content and movies across 8 languages, and every major sport covered live. This platform is a highly evolved video streaming technology and a high attention to quality of experience across devices and platforms which makes hotstar the most complete video destination for over the Top (OTT) video customers. Starsports.com is an online destination that brings the best of LIVE sports in India. It offers unbeatable coverage of live matches through the worlds most advanced data integrated player, live scores, commentary, highlights and perspectives of the best analysts from around the world.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
5200.150 |
1350.950 |
|
Total |
5200.150 |
1350.950 |
INDEX OF CHARGE: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
Tangible Assets
- Furniture and Fixture
- Office equipment
- Computer Equipments
Intangible assets
- Goodwill
- Computer software
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
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.91 |
|
|
1 |
INR 80.17 |
|
Euro |
1 |
INR 90.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.