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MIRA INFORM REPORT
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Report No. : |
484557 |
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Report Date : |
08.01.2018 |
IDENTIFICATION DETAILS
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Name : |
HASBRO INDIA LLP |
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Registered
Office : |
Unit No.1302 13th Floor, Tower 3 India Bulls Finance Center
Sb Marg, Elphinstone West, Mumbai – 400013, Maharashtra |
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Tel. No.: |
91-22-49217300 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Establishment : |
15.07.2016 |
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Capital
Investment : |
INR 300.065 Million |
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LLPIN : |
AAG-9167 |
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IEC No.: |
Not Available |
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TIN No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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GSTIN : |
Not Available |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
The company is engaged in the activity of Sales and
Distribution of Toys and Games in India. [Registered Activity] |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a limited liability partnership established in the year 2016. For the financial year 2017, the subject has achieved INR 28.663 million turnover along with an average profit margin of 1.83%. The overall financial risk profile of the subject seems to be satisfactory marked by sufficient capital base. Rating is constrained on account of limited business track record. Payments are reported to be slow but correct. In view of aforesaid, the subject can be considered for business dealings with some caution. Note: Site visit was conducted at the address which you
have provided. Our executive has successfully traced the subject on the given
address. At the premises, our executive met Ms. Prabha Dsouza (Admin Executive) and she confirmed that the subject is situated on the given address and also claimed that the subject is a part of TMF Group. As per our executive’s observation, it is a 21 storey building and subject is situated on 13th floor. Number of employees sighted at the premises were 6. Locality seems to be commercial and area appears to be upmarket. Location was easy to find and we have sighted subject’s name board. |
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
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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 08.01.2018
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
91-22-49217300 (NUMBER IS CONTINUOUSLY RINGING)
UNABLE TO CONTACT.
LOCATIONS
|
Registered Office : |
Unit No.1302 13th Floor, Tower 3 India Bulls Finance
Center Sb Marg, Elphinstone West, Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-49217300 |
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Fax No.: |
91-22-49217399 |
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E-Mail : |
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Website: |
PARTNERS
As on 31.03.2017
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Name : |
Raja Hetal Arvindkumar |
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Designation : |
Body Corporate DP Nominee |
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Address : |
701, 7th Floor, Sarovar Building, Vasant Complex. Near
Mahavir Nagar, Kandivali – West, Mumbai - 400067, Maharashtra, India |
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Date of Birth/Age : |
25.11.1975 |
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Date of Appointment : |
16.09.2016 |
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DPIN No.: |
05158980 |
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Name : |
Hutton Nigel George |
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Designation : |
Body Corporate DP Nominee |
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Address : |
14 Woodham Waye GU21 5SW Woking 77141 |
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Date of Appointment : |
15.07.2016 |
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DPIN No.: |
07364844 |
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Persons |
INR in Million |
|
Hasbro Emerging Markets B.V., Netherlands |
300.035 |
|
MB International B.V., |
0.030 |
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Total |
300.065 |
BUSINESS DETAILS
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Line of Business : |
The company is engaged in the activity of Sales and
Distribution of Toys and Games in India. [Registered Activity] |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
BSR and Company LLP Chartered Accountants |
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Address : |
5th Floor, Lodha Excelus, Apollo Mills Compound, N. M.
Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
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Tel. No.: |
91-22-43455300 |
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Fax No.: |
91-22-43455399 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Parent : |
Hasbro Inc. |
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Partner in LLP : |
Hasbro Emerging Markets B.V. MB International B.V. |
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Intermediate Parent
: |
Hasbro S.A., Switzerland |
CONTRIBUTION DETAILS
|
Total Obligation of contribution |
INR 300.065 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Contribution Received
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300.065 |
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(b) Reserves &
Surplus |
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|
0.525 |
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(c) Money received
against share warrants |
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|
0.000 |
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(2) Share Application
money pending allotment |
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|
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
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300.590 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
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0.000 |
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(b) Deferred tax
liabilities (Net) |
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|
0.000 |
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(c) Other long term
liabilities |
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0.000 |
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(d) long-term provisions |
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|
0.000 |
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Total Non-current
Liabilities (3) |
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0.000 |
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(4) Current Liabilities |
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(a) Short term borrowings |
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|
0.000 |
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(b) Trade payables |
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|
93.076 |
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(c) Other current
liabilities |
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|
9.483 |
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(d) Short-term provisions |
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|
0.831 |
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Total Current Liabilities
(4) |
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103.390 |
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TOTAL |
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403.980 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
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1.421 |
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(ii) Intangible Assets |
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0.000 |
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(iii) Capital
work-in-progress |
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0.000 |
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(iv) Intangible assets
under development |
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|
0.000 |
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(b) Non-current
Investments |
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|
0.000 |
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(c) Deferred tax assets
(net) |
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|
0.000 |
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(d) Long-term Loan and Advances |
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|
0.000 |
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(e) Other Non-current
assets |
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|
0.000 |
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Total Non-Current Assets |
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1.421 |
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(2) Current assets |
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(a) Current investments |
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|
0.000 |
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(b) Inventories |
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99.618 |
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(c) Trade receivables |
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29.769 |
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(d) Cash and cash
equivalents |
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264.888 |
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(e) Short-term loans and
advances |
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|
0.940 |
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(f) Other current assets |
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7.344 |
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Total Current Assets |
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402.559 |
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TOTAL |
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403.980 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
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|
31.03.2017 |
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SALES |
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Income |
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28.663 |
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Other Income |
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|
6.309 |
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TOTAL |
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34.972 |
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Less |
EXPENSES |
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Purchases of
Stock-in-Trade |
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115.589 |
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
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(99.618) |
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Personnel expense |
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10.032 |
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Other expenses |
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7.734 |
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TOTAL |
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33.737 |
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PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
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|
1.235 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
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0.088 |
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PROFIT/ (LOSS) BEFORE TAX |
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1.147 |
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Less |
TAX |
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0.622 |
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PROFIT/ (LOSS) AFTER TAX
|
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|
0.525 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
|
379.08 |
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Account Receivables Turnover (Income / Sundry
Debtors) |
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|
0.96 |
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Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
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293.91 |
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Inventory Turnover (Operating Income
/ Inventories) |
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|
0.01 |
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Asset Turnover (Operating Income
/ Net Fixed Assets) |
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|
0.87 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
0.26 |
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Debt Equity Ratio (Total Liability
/ Networth) |
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0.00 |
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Current Liabilities to Networth (Current
Liabilities / Net Worth) |
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0.34 |
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Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
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|
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
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|
31.03.2017 |
|
((PAT / Sales) * 100) |
% |
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|
1.83 |
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Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
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|
0.13 |
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Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
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|
0.17 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
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3.89 |
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Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
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2.93 |
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G-Score Ratio Financial (Networth / Total
Assets) |
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|
0.74 |
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G-Score Ratio Debt (Debts / Equity
Capital) |
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0.00 |
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G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
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3.89 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
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 |
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5 |
Buyer visit details |
Yes |
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6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
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8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
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 one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last one year |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
BACKGROUND
The company was incorporated on 15 July 2016 by a Limited Liability Partnership Agreement dated 24 August 2016 and amended on 4 November 2016 ('LLP Agreement') entered between Hasbro Emerging Markets B.V. (,Partner 1') and MB International B. V. (,Partner 2').
LLP's principal activity is to engage in the activity of sales and distribution of toys and games in India.
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
OBSERVATION FORM
|
COMPANY NAME: HASBRO INDIA LLP ADDRESS: UNIT NO.1302 13TH FLOOR, TOWER 3, INDIA BULLS FINANCE CENTER SB MARG, ELPHINSTONE WEST, MUMBAI – 400013, MAHARASHTRA, INDIA CONTACT NO: 91-22-49217300 PERSON TO WHOM WE MET: MS. PRABHA D’SOUZA DESIGNATION: ADMIN EXECUTIVE NAME BOARD: SIGHTED LOCATION: EASY LANDMARK (IF ANY): INDIA BULLS FINANCE CENTER (ELPHINSTONE ROAD) TOTAL FLOORS OF THE BUILDING: 21 FLOOR SUBJECT SITUATED ON : 13 FLOOR LOCALITY: COMMERCIAL AREA: UPMARKET NO. OF EMPLOYEES SEEN AT PREMISES: 6 (APPROXIMATELY) VISIBILITY OF
ITEMS: TELEPHONE COMPUTERS AIR CONDITIONER OFFICE EQUIPMENT FURNITURE ITEMS SIGHTED: TABLE AND CHAIR PROOF OF VISIT: PHOTOGRAPH |
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 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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
PON |
|
|
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|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.