|
|
|
MIRA INFORM REPORT
|
Report No. : |
492823 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VIACOM 18 MEDIA PRIVATE LIMITED (w.e.f. 03.12.2007) |
|
|
|
|
Formerly Known
As : |
MTV NETWORKS INDIA PRIVATE LIMITED (w.e.f. 26, 2003) MTV INDIA PRIVATE LIMITED (w.e.f. 21.03.1996) PJ entertainment private limited |
|
|
|
|
Registered
Office : |
Zion Bizworld, Subhash Road-A, Vile Parle (East), Mumbai – 400057,
Maharashtra |
|
Tel. No.: |
91-22-42581818/ 66622424/ 42581896 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
19.12.1995 |
|
|
|
|
Com. Reg. No.: |
11-095508 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 955.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92100MH1995PTC095508 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM9164E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Broadcasting, Distributing, Producing Audio-Visual Programs, Marketing and Selling commercial advertising on channels' - Colors, Rishtey India, MTV, MTV Indies, Nickelodeon, Nickelodeon Jr., Sonic, VH1 and Comedy Central. Additionally, the Company also generates revenue from licensing and merchandising of products, brand solutions and marketing partnerships. The Company is also in the business of production and distribution of films." (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 74420000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a joint venture between MTV Asia Ventures (India) Pte Limited and TV18 Broadcast Limited and was incorporated on 19th December 1995. The company operates GECs such as – ‘Colors’, ‘Colors HD’, ‘Rishtey’, ‘Comedy Central’ (English), music channels such as –‘MTV’, ‘VH1’ and ‘MTV Indies’ and entertainment channels for kids such as, ‘Sonic’, ‘Nick’ and ‘Nick Jr.’. The company also has presence in movie production and distribution business under a division viz. Viacom 18 Motion Pictures. The company has an alliance with Paramount Pictures, the leading Hollywood studio, to distribute and market its films in the Indian subcontinent. The company has also developed an in house app called “VOOT” which is a digital platform on which it broadcasts its own shows as well as purchased shows. As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to the financial for the year 31.03.2017 are not available from any sources. For the financial year ended 2016, the company has reported 49.87% revenue growth as compared to previous year revenue and has maintained satisfactory profitability margin at 4.94% during the year under review. Rating continue to derive strength from the strong parentage and healthy performance of its flagship channel ‘Colors’ with its consistent presence in the top Hindi General Entertainment Channels (GECs) in terms of television viewership and entertainment content offerings by the company in various genres. The sound financial profile of the company is reflected by its healthy solvency indicators due to low debt balance sheet profile along with above average networth base and satisfactory liquidity position. Business is active. Payment seems to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
CARE |
|
Rating |
Long term Loans = AA |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
09.02.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Loans = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
09.02.2018 |
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 20.02.2018
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 BY
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-43581534 |
|
Date : |
18.02.2018 |
[91-22-42581818] Number is ringing
LOCATIONS
|
Registered Office : |
Zion Bizworld, Subhash Road - A, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
|
Tel. No.: |
91-22-42581818/ 66622424/ 42581896/ 43581534 |
|
Fax No.: |
91-22-42581403 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Raja Kolumum Ramachandran |
|
Designation : |
Additional Director |
|
Address : |
1703/1704, Building 1, Raheja Classique, New Link Road, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Appointment : |
27.06.2017 |
|
DIN No.: |
00006673 |
|
|
|
|
Name : |
Mr. Madhusudana Sivaprasad Panda |
|
Designation : |
Additional Director |
|
Address : |
Flat No.92, 9th Floor, Bakhtawar Co-Op. Hsg Society Limited, 22, N. D. Marg, Mumbai-400006, Maharashtra, India |
|
Date of Appointment : |
27.06.2017 |
|
DIN No.: |
00012144 |
|
|
|
|
Name : |
Mr. Arun Kumar Adhikari |
|
Designation : |
Director |
|
Address : |
903, A Wing, 9th Floor, Vivarea, Sane Guruji Marg, Mahalaxmi (East), Mumbai - 400011, Maharashtra, India |
|
Date of Birth/ Age |
20.01.1954 |
|
Qualification : |
IIT from Kanpur |
|
Date of Appointment : |
12.08.2015 |
|
DIN No.: |
00591057 |
|
|
|
|
Name : |
Mr. Rohit Bansal |
|
Designation : |
Director |
|
Address : |
2B, Shipra Suncity, Indirapuram, Ghaziabad - 201310, Uttar Pradesh, India |
|
Date of Appointment : |
24.04.2015 |
|
DIN No.: |
02067348 |
|
|
|
|
Name : |
Mr. Robert Marc Bakish |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
14.12.1963 |
|
Date of Appointment : |
20.03.2007 |
|
DIN No.: |
02069095 |
|
|
|
|
Name : |
Kenneth Mark Whitehead |
|
Designation : |
Director |
|
Address : |
99, Branksome Road, Singapore 439621 |
|
Date of Appointment : |
16.03.2016 |
|
DIN No.: |
02673788 |
|
|
|
|
Name : |
Jose Enrique Tolosa Aguilar |
|
Designation : |
Director |
|
Address : |
4414, Granada Blvd Coral Gables FL 33146 US |
|
Date of Appointment : |
09.04.2015 |
|
DIN No.: |
06552994 |
|
|
|
|
Name : |
Ms. Nirupama Rao |
|
Designation : |
Director |
|
Address : |
Apartment, D Springleaf Apartments No. 6, Brunton Cross Road, Bangalore – 560025, Karnataka, India |
|
Date of Birth/ Age |
06.12.1950 |
|
Qualification : |
IFSC |
|
Date of Appointment : |
29.01.2016 |
|
DIN No.: |
06954879 |
|
|
|
|
Name : |
Mr. Rahul Joshi |
|
Designation : |
Director |
|
Address : |
C-1802, Lodha Bellissimo, Apollo Mills Compound, N M Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
|
Date of Appointment : |
10.07.2016 |
|
DIN No.: |
07389787 |
KEY EXECUTIVES
|
Name : |
Mr. Sudhanshu Vats |
|
Designation : |
Chief Executive Officer |
|
Address : |
3 Rockdale, 16, LD Ruparel Marg, Malabar Hill, Mumbai-400006, Maharashtra, India |
|
Date of Birth/ Age |
01.08.1967 |
|
Qualification : |
P. G. Diploma in Management (IIM) |
|
Date of Appointment : |
29.04.2014 |
|
PAN No.: |
AAIPV1080F |
|
|
|
|
Name : |
Soumen Ray |
|
Designation : |
Chief Finance Officer |
|
Address : |
Hindustan Unilever Limited, B D Sawant Marg, Mumbai – 400099, Maharashtra, India |
|
Date of Appointment : |
15.04.2016 |
|
PAN No.: |
ADCPR3520K |
|
|
|
|
Name : |
Mr. Sujeet Roopchand Jain |
|
Designation : |
Company Secretary |
|
Address : |
1303, Raheja TIPCO Heights, CHS Tower No. 1, Rani Sati Marg, Malad (East), Mumbai – 400097, Maharashtra, India |
|
Date of Birth/ Age |
04.08.1973 |
|
Qualification : |
Degree in Cost & Management Accounting, CS, L.L.B. and MBA |
|
Date of Appointment : |
21.02.2008 |
|
PAN No.: |
AAWPJ4965H |
|
|
|
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Equity Shareholders |
No. of Shares |
|
TV Broadcast Limited, India |
56865124 |
|
MTV Asia Ventures India Pte Limited, Mauritius |
47768791 |
|
Nickelodeon Asia Holdings Pte Limited, Singapore |
9096333 |
|
|
|
|
Total |
113730248 |
|
Names of Preference Shareholder |
No. of Shares |
|
TV Broadcast Limited, India |
4078 |
|
|
|
|
Total |
4078 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters - Bodies corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Broadcasting, Distributing, Producing Audio-Visual Programs, Marketing and Selling commercial advertising on channels' - Colors, Rishtey India, MTV, MTV Indies, Nickelodeon, Nickelodeon Jr., Sonic, VH1 and Comedy Central. Additionally, the Company also generates revenue from licensing and merchandising of products, brand solutions and marketing partnerships. The Company is also in the business of production and distribution of films." (Registered Activity) |
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Products : |
|
||||
|
|
|
||||
|
Brand Names : |
“VIACOM18” |
||||
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|
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
||||
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|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
· Colors Vicom18 · Rishtey TV · M TV · Nickelodeon · Nickelodeon Sonic · Nick Jr. · Colors Infinity · Comedy Central · Viacom 18 Consumer · Voot |
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|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
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Bankers : |
|
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|
|||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Indiabulls Finance Centre, Tower 3, 27th to 32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400 013, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
TV18 Broadcast Limited [L74300MH2005PLC281753] |
|
|
|
|
Subsidiary
Companies - control exists : |
· Viacom18 US Inc. · Viacom18 Media (UK) Limited · Roptonal Limited, Cyprus |
|
|
|
|
Joint Ventures : |
· MTV Asia Ventures (India) Pte. Limited, Mauritius Mauritius [50% Shareholder] · TV18 Broadcast Limited [50% Shareholder] |
|
|
|
|
Joint Venture
Entity : |
Indiacast Media Distribution Private Limited [U74300MH2008PTC274364] |
|
|
|
|
Subsidiaries of
Joint Venture Entity: |
· Indiacast Distribution Private Limited [U22222MH2012PTC238498] · IndiaCast US Limited · IndiaCast UK Limited |
CAPITAL STRUCTURE
AS ON: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
194995922 |
Equity Shares |
INR 10/- each |
INR 1949.959 Million |
|
4078 |
Preference Shares |
INR 10/- each |
INR 0.041 Million |
|
|
|
|
|
|
|
Total |
|
INR 1950.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
113730248 |
Equity Shares |
INR 10/- each |
INR 1137.302 Million |
|
4078 |
Preference Shares |
INR 10/- each |
INR 0.041 Million |
|
|
|
|
|
|
|
Total |
|
INR 1137.343
Million |
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
164998000 |
Equity Shares |
INR 10/- each |
INR 1649.980 Million |
|
2000 |
Preference Shares |
INR 10/- each |
INR 0.020 Million |
|
|
|
|
|
|
|
Total |
|
INR 1650.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95537582 |
Equity Shares |
INR 10/- each |
INR 955.376 Million |
|
2000 |
Preference Shares |
INR 10/- each |
INR 0.020 Million |
|
|
|
|
|
|
|
Total |
|
INR 955.396
Million |
FINANCIAL DATA
[all figures are
in 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 |
955.400 |
955.400 |
955.380 |
|
(b) Reserves and Surplus |
5751.760 |
7919.650 |
7477.340 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
19340.040 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
26047.200 |
8875.050 |
8432.720 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1825.010 |
1114.000 |
1700.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.370 |
|
(d) long-term
provisions |
49.200 |
0.000 |
3.340 |
|
Total Non-current
Liabilities (3) |
1874.210 |
1114.000 |
1703.710 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
3826.150 |
1925.600 |
3756.620 |
|
(b) Trade
payables |
10528.760 |
8213.770 |
5943.310 |
|
(c) Other
current liabilities |
1011.430 |
835.230 |
793.430 |
|
(d) Short-term
provisions |
51.980 |
30.930 |
36.850 |
|
Total Current
Liabilities (4) |
15418.320 |
11005.530 |
10530.210 |
|
|
|
|
|
|
TOTAL |
43339.730 |
20994.580 |
20666.640 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
774.950 |
299.160 |
288.940 |
|
(ii)
Intangible Assets |
14374.190 |
44.000 |
35.610 |
|
(iii) Tangible assets
capital work-in-progress |
150.440 |
103.870 |
42.510 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3671.410 |
3671.410 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
13.970 |
|
(d)
Long-term loans and advances |
2214.010 |
1620.580 |
2921.110 |
|
(e) Other
Non-current assets |
0.750 |
0.750 |
1316.450 |
|
Total Non-Current
Assets |
21185.750 |
5739.770 |
4618.590 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10173.210 |
7567.890 |
6403.100 |
|
(c) Trade
receivables |
9674.140 |
6201.280 |
3877.250 |
|
(d) Cash and
bank balances |
1159.320 |
368.490 |
1715.680 |
|
(e)
Short-term loans and advances |
964.370 |
979.060 |
1362.180 |
|
(f) Other
current assets |
182.940 |
138.090 |
2689.840 |
|
Total
Current Assets |
22153.980 |
15254.810 |
16048.050 |
|
|
|
|
|
|
TOTAL |
43339.730 |
20994.580 |
20666.640 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
28188.180 |
18809.010 |
19833.740 |
|
|
Other Income |
65.840 |
125.310 |
59.510 |
|
|
TOTAL |
28254.020 |
18934.320 |
19893.250 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
3030.050 |
1879.010 |
1939.430 |
|
|
CSR
expenditure |
18.900 |
0.000 |
0.000 |
|
|
Exceptional
items |
0.000 |
(88.950) |
0.000 |
|
|
Other expenses |
22554.490 |
14300.070 |
16155.400 |
|
|
TOTAL |
25603.440 |
16090.130 |
18094.830 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2650.580 |
2844.190 |
1798.420 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
530.230 |
498.570 |
747.650 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
2120.350 |
2345.620 |
1050.770 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
309.290 |
178.200 |
164.320 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1811.060 |
2167.420 |
886.450 |
|
|
|
|
|
|
|
Less |
TAX |
418.500 |
482.500 |
165.820 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
1392.560 |
1684.920 |
720.630 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
2244.640 |
1565.110 |
1338.090 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
284.220 |
114.710 |
50.560 |
|
|
TOTAL IMPORTS |
284.220 |
114.710 |
50.560 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
14.58 |
17.64 |
7.22 |
|
|
Diluted |
12.24 |
17.64 |
7.22 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
521.590 |
342.800 |
200.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(354.720) |
1777.590 |
1997.960 |
|
|
|
|
|
|
Net cash flow from operating activity |
(1165.340) |
1996.340 |
1376.380 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
125.27 |
120.34 |
71.35 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.91 |
3.03 |
5.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.26 |
0.38 |
0.28 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.17 |
6.36 |
4.90 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.41 |
0.59 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.24 |
0.38 |
0.67 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.59 |
1.24 |
1.25 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.59 |
0.05 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.00 |
5.70 |
2.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.94 |
8.96 |
3.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.21 |
8.03 |
3.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.35 |
18.98 |
8.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.44 |
1.39 |
1.52 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.78 |
0.70 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.60 |
0.42 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.46 |
3.54 |
5.92 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.44 |
1.39 |
1.52 |
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 |
955.380 |
955.400 |
955.400 |
|
Reserves & Surplus |
7477.340 |
7919.650 |
5751.760 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
19340.040 |
|
Net worth |
8432.720 |
8875.050 |
26047.200 |
|
|
|
|
|
|
Long-term borrowings |
1700.000 |
1114.000 |
1825.010 |
|
Short term borrowings |
3756.620 |
1925.600 |
3826.150 |
|
Current Maturities of
Long term debt |
200.000 |
342.800 |
521.590 |
|
Total borrowings |
5656.620 |
3382.400 |
6172.750 |
|
Debt/Equity ratio |
0.671 |
0.381 |
0.237 |
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 |
19833.740 |
18809.010 |
28188.180 |
|
|
|
(5.167) |
49.865 |
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 |
19833.740 |
18809.010 |
28188.180 |
|
Profit/ (Loss) |
720.630 |
1684.920 |
1392.560 |
|
|
3.63% |
8.96% |
4.94% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
955.400 |
955.400 |
|
(b) Reserves and Surplus |
|
6517.800 |
8681.180 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
19340.040 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
26813.240 |
9636.580 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1875.010 |
1164.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.290 |
0.180 |
|
(d) long-term
provisions |
|
62.630 |
6.830 |
|
Total Non-current
Liabilities (3) |
|
1937.930 |
1171.010 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
3826.150 |
1925.600 |
|
(b) Trade
payables |
|
9439.670 |
7060.070 |
|
(c) Other
current liabilities |
|
2699.900 |
3040.210 |
|
(d) Short-term
provisions |
|
54.320 |
31.660 |
|
Total Current
Liabilities (4) |
|
16020.040 |
12057.540 |
|
|
|
|
|
|
TOTAL |
|
44771.210 |
22865.130 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
788.110 |
315.910 |
|
(ii)
Intangible Assets |
|
14376.400 |
46.470 |
|
(iii) Tangible assets
capital work-in-progress |
|
150.440 |
103.870 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
200.000 |
200.000 |
|
(c) Deferred tax assets (net) |
|
11.270 |
11.720 |
|
(d)
Long-term loans and advances |
|
2954.980 |
2353.020 |
|
(e) Other
Non-current assets |
|
903.510 |
903.510 |
|
Total Non-Current
Assets |
|
19384.710 |
3934.500 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
10100.760 |
7495.390 |
|
(c) Trade
receivables |
|
10192.230 |
6903.960 |
|
(d) Cash and
bank balances |
|
1565.560 |
1057.740 |
|
(e)
Short-term loans and advances |
|
1070.170 |
1064.190 |
|
(f) Other
current assets |
|
2457.780 |
2409.350 |
|
Total
Current Assets |
|
25386.500 |
18930.630 |
|
|
|
|
|
|
TOTAL |
|
44771.210 |
22865.130 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
28928.790 |
20018.110 |
|
|
Other Income |
|
93.760 |
168.390 |
|
|
TOTAL |
|
29022.550 |
20186.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
|
3372.250 |
2210.160 |
|
|
CSR expenditure |
|
18.900 |
0.000 |
|
|
Other expenses |
|
22961.930 |
15217.530 |
|
|
Exceptional items before tax |
|
0.000 |
71.460 |
|
|
TOTAL |
|
26353.080 |
17499.150 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
2669.470 |
2687.350 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
531.710 |
499.660 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
2137.760 |
2187.690 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
315.370 |
184.690 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1822.390 |
2003.000 |
|
|
|
|
|
|
|
Less |
TAX |
|
424.710 |
474.280 |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS)
FOR PERIOD BEFORE MINORITY INTEREST |
|
1397.680 |
1528.720 |
|
|
|
|
|
|
|
|
PROFIT (LOSS) OF
MINORITY INTEREST |
|
0.000 |
(1.290) |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS) FOR PERIOD |
|
1397.680 |
1527.430 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
14.63 |
15.99 |
|
|
Diluted |
|
12.29 |
15.99 |
LEGAL CASES
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
PRESENTATION
DATE:- 13.02.2017 |
|
LODGING NO: COMSL/57/2017
FILING DATE: 13.02.2017 REG. NO: COMIP/211/2017 REG.
DATE: 12.04.2017 |
|
PETITIONER:
WADIA MOVIETONE PRIVATE LIMITED RESPONDENT: VIACOM 18 MEDIA
PRIVATE LIMITED PETN. ADV.: KHIMANI
AND ASSOCIATES [I9893] RESP. ADV.: VERITAS LEGAL (I13416)
DISTRICT: MUMBAI |
|
BENCH: SINGLE STATUS: PRE-ADMISSION CATEGORY:
INTELLECTUAL PROPRETY RIGHTS RELATING TO COPYRIGHT LAST DATE: 28.06.2017
STAGE: FOR WRITTEN STATEMENT LAST CORAM: REGISTRAR (OS)/ PROTHONOTARY AND SR MASTER |
|
ACT: Trade and Trade
Merchandise Marks Act |
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
PRESENTATION
DATE:- 13.02.2017 |
|
LODGING NO: NMCDL/53/2017
FILING DATE: 13.02.2017 REG. NO: NMCD/154/2017 REG. DATE: 12.04.2017 |
|
PETITIONER:
WADIA MOVIETONE PRIVATE LIMITED RESPONDENT: VIACOM 18 MEDIA
PRIVATE LIMITED PETN. ADV.: KHIMANI
AND ASSOCIATES [I9893] RESP. ADV.: MOHANISH CHAUDHARI (I10092)
DISTRICT: MUMBAI |
|
BENCH: SINGLE STATUS: PRE-ADMISSION CATEGORY:
NOTICE OF MOTIONS IN COMMERCIAL DIVISION MATTERS LAST DATE: 05.02.2018
STAGE: FOR ACCEPTANCE LAST CORAM: |
|
ACT: CODE OF CIVIL
PROCEDURE 1908 |
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
PRESENTATION
DATE:- 07.01.2017 |
|
LODGING NO: ITXAL/46/017 FILING
DATE: 07.01.2017 REG. NO: ITXA/796/2017
REG. DATE: 08.05.2017 |
|
PETITIONER:
COMMISSIONER OF INCOEM TAX [TDS-2] RESPONDENT: VIACOM 18 MEDIA
PRIVATE LIMITED PETN. ADV.: SURESH
KUMAR (I2100)
DISTRICT: MUMBAI |
|
BENCH: DIVISION STATUS: PRE-ADMISSION CATEGORY:
TAX APPEALS LAST DATE: 03.04.2014
STAGE: FOR REJECTION [ORIGINAL SIDE MATTERS] LAST CORAM: ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
|
ACT: INCOME TAX ACT,
1961 UNDER SECTION: 260A |
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 |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G00676858 |
100017080 |
IDFC BANK LIMITED |
19/03/2016 |
- |
- |
3000000000.0 |
KRM TOWER, 8TH FLOOR, NO. 1, HARRINGTON ROAD, CHETPET CHENNAI TAMILNADU 600031 INDIA |
|
2 |
G02118792 |
100022129 |
HDFC BANK LIMITED |
19/03/2016 |
- |
- |
1200000000.0 |
BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI MAHARASHTRA 400013 INDIA |
|
3 |
C13566302 |
10511066 |
YES BANK LIMITED |
01/07/2014 |
- |
- |
1500000000.0 |
NEHRU CENTRE, 9TH FLOOR, DISCOVERY OF INDIA DR. A. B. ROAD, WORLI MUMBAI MAHARASHTRA 400018 INDIA |
|
4 |
C14011910 |
10325727 |
ING VYSYA BANK LIMITED |
05/12/2011 |
01/07/2014 |
- |
1650000000.0 |
22, M G ROAD, BANGALORE KARNATAKA 560001 INDIA |
|
5 |
G03380763 |
10325624 |
AXIS BANK LIMITED |
05/12/2011 |
19/03/2016 |
- |
2600000000.0 |
12, 'MITTAL TOWER', A-WING, FIRST FLOOR NARIMAN POINT, MUMBAI MAHARASHTRA 400021 INDIA |
|
6 |
G08956088 |
10129505 |
HDFC BANK LIMITED |
07/10/2008 |
12/07/2016 |
- |
2000000000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
7 |
G02129609 |
10548086 |
YES BANK LIMITED |
20/10/2014 |
- |
21/04/2016 |
1500000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI MAHARASHTRA 400018 INDIA |
|
8 |
C41322629 |
10279582 |
CENTRAL BANK OF INDIA |
21/03/2011 |
15/07/2014 |
22/01/2015 |
2000000000.0 |
INDUSTRIAL FINANCE BRANCH, CHANDER MUKHI GROUND FLOOR, NARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
|
9 |
C26027722 |
10157647 |
UNION BANK OF INDIA |
23/04/2009 |
31/12/2010 |
17/09/2014 |
1500000000.0 |
239, VIDHAN BHAVAN MARG, UNION BANK BHAVAN,IST FLOOR, NARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
|
10 |
B61692141 |
10081377 |
KOTAK MAHINDRA BANK |
30/11/2007 |
- |
08/11/2012 |
250000000.0 |
NARIAN MANZIL GROUND FLOOR SHOP NO. G1 TO G5I FLOOR, SHOP NO.1001 TO 1007 BARAKHAMBA ROAD NEW DELHI 110001 INDIA |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016
(INR
in Million) |
31.03.2015 (INR
in Million) |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
526.940 |
45.600 |
|
|
|
|
|
Total |
526.940 |
45.600 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Claims against the Company not acknowledged as debts: |
|
|
|
Legal matters: i. Litigation filed against the Company for non-payment of
brokerage for its old office and residential premises |
4.150 |
3.950 |
|
ii. Case filed against the Company for infringement of
literary and copyrights right |
31.000 |
30.00 |
|
iii Case filed against the company for defamation suit in relation to news telecast |
1000.000 |
-- |
|
iv Other matters |
3.720 |
0.90 |
|
|
|
|
|
Taxation matters: i. Income Tax Income tax demands mainly relate to years Assessment Years 2005-06 to 2012-13 and include appeals filed by the Company before various appellate authorities against the disallowance of expenses / claims, non-deduction / short deduction of tax at source etc. |
2123.020 |
1084.45 |
|
ii. Service Tax |
229.040 |
83.190 |
|
iii. VAT and CST |
367.580 |
107.070 |
|
|
|
|
|
Corporate Guarantee given by the Company |
194.400 |
150.000 |
|
Bank Guarantee given by the Company |
190.200 |
94.620 |
CHANGE OF ADDRESS:
The Registered Office
of the Company has been shifted from 36B, Dr. R K Shirodkar Road, Parel, Mumbai
– 400012, Maharashtra, India to the present address w.e.f.06.02.2012.
GENERAL INFORMATION
The Company is incorporated in India under the Companies Act, 1956 of India as a private limited Company. The Company is a jointly controlled entity between MTV Asia Ventures (India) Pte. Limited, Mauritius and TV18 Broadcast Limited.
The Company is engaged in the business of broadcasting, distributing, producing audio-visual programs, marketing and selling commercial advertising on channels' - Colors, Rishtey India, MTV, MTV Indies, Nickelodeon, Nickelodeon Jr., Sonic, VH1 and Comedy Central. Additionally, the Company also generates revenue from licensing and merchandising of products, brand solutions and marketing partnerships. The Company is also in the business of production and distribution of films."
THE STATE OF THE
COMPANY'S AFFAIRS
During the year, the standalone total revenue from operations of the Company increased by 49.22% from INR 18,934.32 million to INR 28,254.02 million. The Company's profit after tax decreased by 17.35% to INR 1,392.56 million as against INR 1,684.92 million in the previous year.
Further, during the year, the consolidated total revenue from operations of the Company increased by 43.77% from INR 20,186.50 million to INR 29,022.55 million. The Company's profit after decreased by 8.49% to INR 1,397.68 million as against INR 1,527.43 million in the previous year. On account of the merger of Prism TV Private Limited with the Company, and upon giving effect of the same in the financial statements (as detailed in the notes to the account in the financial statements), the figures for the FY15-16 are not comparable with that of previous year.
During the year , on July 31, 2015, the Company launched 'Colors Infinity' and 'Colors Infinity HD' as its latest offering in the English general entertainment space with over 2000 hours of fresh international content from some of the World's largest studios. The channel was co-curated by Bollywood icons 'Karan Johar' and 'Alia Bhatt' and launched with some of the unprecedented one of its kind channel scheduling norms. During the year , on December 18, 2015, the Company also launched its existing kids offering 'Nick' in HD format for better viewing experience.
All through the year, the Company primarily focused on Channel distribution, advertising sales and content Syndication for Company's channels across various distribution platforms (such as Cable, DTH, IPTV, HITS and MMDS) in domestic circles and also in international territories offering a range of channels, from general entertainment (English and Hindi), kids and music genres.
In the current year, the Company further expanded its presence in the key genres of regional entertainment, Hindi music and Indian cinema. This was evident in the launch of Colors Super, a premier Kannada GEC, MTV Beats, India's leading music destination on TV and Rishtey Cineplex, a much-needed offering showcasing the best of Indian cinema. In line with its emphasis on digital platforms, Viacom18 also strengthened its one-stop shop, video OTT offering VOOT.
FIXED ASSETS
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Office equipment
· Computer equipments
· Leasehold improvements
· Computer software
PRESS
RELEASES:
TV18 TO INCREASE
VIACOM18 STAKE TO 51%
01.02.2018
TV18 will raise its stake in the company to 51% by acquiring 1% of Viacom18’s equity from Viacom Inc. for a cash consideration of $20 million
TV18 Broadcast Ltd on Wednesday said it will take operational control of Viacom18 Media Pvt. Ltd, a equal joint venture between TV18 and US-based media company Viacom Inc.
TV18 will raise its stake in the company to 51% by acquiring 1% of Viacom18’s equity from Viacom for a cash consideration of $20 million, the company said in a statement. Viacom and Viacom18 have also extended their brand and content licence agreement by 10 years (the original 10-year agreement expired this year).
“The new GAAP framework, known as Indian accounting standards, is more principles-based with regard to the concept of “control accounting”. It is not uncommon for companies to restructure to be able to reflect the economic substance of their holdings. In several cases, this allows entities to consolidate as compared to following bright lines in the erstwhile framework,” said Priyanka Chaudhary, partner at Grant Thornton India Llp.
Viacom18 runs 44 TV channels across 80 countries and has interests in broadcast, films, digital, merchandising and live events.
TV18 and Viacom18 Media Pvt. Ltd also have a joint venture India Cast for distribution of TV channels.
“The transaction further enables our vision for Viacom18 to accentuate its focus on excellence and integration in the broadcast and digital space. The entertainment powerhouse continues to be bolstered by Viacom’s global expertise in content creation and curation, along with Network18 group and affiliates’ strength across the media & telecom value-chain,” Adil Zainulbhai, chairman at Network18, said in a statement.
For 2016-17, Viacom18 had reported revenue of INR 30407.000 million. Network18-owned TV18, which operates news channels CNN-News18 and CNBC-TV18, had recorded a revenue of INR 2773.000 million in the December quarter, up from INR 2547.000 million in the year-ago period.
“… As a result of this transaction, we believe it (Viacom18) will be even better-positioned for accelerated growth through closer integration and alignment with the Network 18 group and its affiliates, including India’s fastest growing mobile network, Jio. Viacom remains strongly committed to our Viacom18 joint venture with the Network18 Group and we are retaining the vast majority of our ownership stake in the company,” said David Lynn, chief executive officer at Viacom International Media Networks, in a statement.
Sudhanshu Vats, group chief executive officer at Viacom18, said, “We turned 10 last year and our growth journey has been exciting to say the least. None of this would have been possible without the support and commitment of both our partners. This development will allow us to leverage deeper synergies with Jio as we enter our next growth phase.”
VIACOM18 LAUNCHES
COLORS TAMIL CHANNEL; ON AIR FROM FEB 20
CHENNAI, FEBRUARY 9
Viacom18 Media Pvt Ltd launched Tamil General Entertainment Channel ‘Colors Tamil’ in Chennai today. The channel will begin telecasting original content from February 20.
Colors Tamil will be available in leading cable networks and DTH platforms and Viacom18’s digital platform Voot.
Speaking to mediapersons at the launch today, Sudhanshu Vats, Group Chief Executive Officer, said original content accounts for about 21 hours per week with focus on women-centric shows. These shows were designed based on the market research done by the company in 18 districts in Tamil Nadu.
The company has already launched Colors in Gujarati, Oriya, Kannada and Bangla. Ravish Kumar, Head – Regional Entertainment, said they are continuously expanding their reach, especially in the South that has a huge potential. Of the INR 22,0000.000 million advertisement revenue South India accounts for about 30 per cent.
Viacom18’s turnover accounts for about INR 3,1000.000 million. Of the total revenue, broadcast accounts for about 80 per cent, 15 per cent from films and live, merchandise and digital platform about 5 per cent.
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 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.