MIRA INFORM REPORT

Report No. :	487678
Report Date :	22.01.2018

IDENTIFICATION DETAILS

Name :	STAR INDIA PRIVATE LIMITED (w.e.f. 15.03.2001)
Formerly Known As :	STAR INDIA LIMITED (w.e.f. 07.02.2001) NEWS TELEVISION (INDIA) LIMITED (w.e.f. 01.07.1997) NEWS TELEVISION (INDIA) PRIVATE LIMITED
Registered Office :	Star House, Urmi Estate, 95, Ganpatrao Kadam Marg, Lower Parel (West), Mumbai – 400013, Maharashtra
Tel. No.:	91-22-66305555/ 49625590
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	08.02.1994
Com. Reg. No.:	11-076485
Capital Investment / Paid-up Capital :	INR 4109.490 Million
CIN No.: [Company Identification No.]	U72300MH1994PTC076485
IEC No.:	Not Divulged
GSTIN:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	MUMS04399D
PAN No.: [Permanent Account No.]	AAACN1335Q
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is principally engaged in the business of television Broadcasting and Related services. (Registered Activity)
No. of Employees :	Information declined by the management

RATING & COMMENTS

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

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Status :	Good
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Star India Private Limited is a step-down subsidiary of “Twenty-First Century Fox, Inc. which stands at 96th position in list of Fortune 500 companies. It is engaged in the business of television broadcasting. It is headquartered in Mumbai, Maharashtra. STAR India's portfolio includes 58 channels in eight languages. The network reaches around 650 million viewers in India per month. The company entered into High Definition broadcasting on 15 April 2011 with the launch of the HD versions of its channels, including Star Plus HD, Star Movies HD, Star World HD, Star Gold HD, National Geographic Channel India HD and several others. Management has failed to file its financials with the Registrar of Companies for the FY 2017. For the financial year 2016, the company has achieved revenue growth of 18.04% as compared to the previous year but has incurred operational loss. The sound financial risk profile of the company is marked by adequate and improving net worth base due to equity infused by its promoters along with strong debt coverage metrics due to negligible debt balance sheet profile. Rating takes into consideration the subject’s long established track record of business operations. Rating also takes into account the strong financial and managerial support that the subject receives from its parent company and its experienced management team. Payments are reported to be usually correct. In view of strong parental holding and established market position, 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

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2016.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 22.01.2018

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

Management non co-operative (91-22-66305555)

LOCATIONS

Registered Office/ Corporate Office :	Star House, Urmi Estate, 95, Ganpatrao Kadam Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-66305555/ 49625590
Fax No.:	91-22-66305050
E-Mail :	ujwala.wakhle@startv.com hello@startv.com rishi.gaind@startv.com
Website :	www.startv.com
Branch Offices :	No.66/1-4, A-Block, 7th Floor, Lake View Building, Bagmane Tech Park, C V Raman Nagar, Bengaluru-560093, Karnataka, India RENE Towers, 1842, Rajdanga Main Road, RB Connector, Kasba, Kolkata - 700107, West Bengal, India Star Centre, Plot No. 77, Institutional Area, Sec-32, Gurugram - 122001, Haryana, India. 8-2-120/86/10,10A,11B,11C and 11D, Road No 2, Banjara Hills, Opposite Park Hyatt, Hyderabad-500034, Telangana, India C/o, Vijay Television Private Limited, Vijay House, 1st Floor, No. 15, Jaganathan Road, Nungambakkam, Chennai - 600034, India, Tamilnadu, India

DIRECTORS

AS ON 31.03.2017

Name :	Mr. Rishi Kanwarjeet Gaind
Designation :	Director
Address :	31/802, NRI Complex, Seawoods Estate, Sector 54-56-58, Nerul, Navi Mumbai - 400706, Maharashtra, India
Date of Birth/Age :	06.01.1975
Date of Appointment :	04.11.2009
Qualification:	Bsc., MBA
PAN No.:	ABMPG9454H
DIN No.:	01874494
Name :	Ms. Amita Maheshwari
Designation :	Director
Address :	208, 2nd Floor, Sea Flama, B-Block, Dosti Flamingo, Sewri, Mumbai - 400015, Maharashtra, India
Date of Birth/Age :	31.01.1968
Qualification:	Professional
Date of Appointment :	26.04.2012
DIN No.:	02891889
Name :	Mr. Atul Ram Agarwal
Designation :	Whole Time Director
Address :	Flat No.401, Shailesh Apartment, 6th Road, Guru Gangeshwer Marg, Khar (West), Mumbai-400052, Maharashtra, India
Date of Birth/Age :	11.05.1970
Date of Appointment :	12.06.2017
DIN No.:	07681763
Name :	Mr. Shyamala Venkatachalam
Designation :	Whole Time Director
Address :	Flat No 83-B, 8th Floor, Anita CHS, Bhausaheb Hire Marg, Near Varsha Bunglow, Malabar, Mumbai-400006, Maharashtra, India
Date of Birth/Age :	05.05.1969
Date of Appointment :	12.06.2017
DIN No.:	07691824

KEY EXECUTIVES

Name :	Ms. Ujwala Padmakar Wakhle
Designation :	Secretary
Address :	Flat No.504, Dosti Tulip, Dosti Acres, S M Road, Wadala (East), Mumbai-400037, Maharashtra, India
Date of Birth/Age :	12.05.1971
Qualification:	B.com, LLB
Date of Appointment :	01.11.2001
PAN No.:	AAHPW4240R
Name :	Mr. Sanjay Gupta
Designation :	Manager
Address :	14-A, Manek, L.D. Ruparel Marg, Malabar Hill, Mumbai – 400006, Maharashtra, India
Date of Appointment :	27.03.2017
PAN No.:	AALPG1242R
Name :	Ms. Prerana Jadhav
Designation :	Practicing Company Secretary
Address :	A/601, Amar Nagar, Co-perative Housing Society, Sasmira Road, Worli, Mumbai – 400030, Maharashtra, India
Tel. No:	91-22-67100130/ 31
Email:	Prerana.p@rpacs.in

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2016

Names of Shareholders	No. of Shares
Buzzer Investments Limited, Mauritius	205588171
Star Entertainment Holdings Limited, Virgin Islands, British	129779856
Startv.Com Holding Limited, Bermuda	21917329
Star Television Technical Services Limited, British Virgin Island	9356673
Quazar Investments (Mauritius) Limited, Mauritius	121732
Worldwide Wickets, Mauritius	20976987
Star ISP Limited, Mauritius	23208394
Total	410949142

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2016

Category	Percentage of Holding
Public/Other than promoters [Body corporate]	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is principally engaged in the business of television Broadcasting and Related services. (Registered Activity)

Products/ Services :

Item Code No. (ITC Code)	Product/ Services Description
99846310	Broadcasting and Related services

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information declined by the management

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Facilities :

SECURED LOANS	31.03.2016 INR in Million	31.03.2015 INR in Million
Long-term Borrowings
Long-term maturities of finance lease obligations. (The amount represents lease taken for the vehicles used by the employees of the company, the same has been secured by hypothecation of vehicles underlying the lease.)	2.330	5.160
Total	2.330	5.160

Auditors :
Name :	S. R. Batliboi and Associates LLP Chartered Accountant
Address :	14^th Floor, the Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	ACHFS9118A
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	· Twenty-First Century Fox, Inc. (Formerly known as News Corporation) (Ultimate Holding Company) · Buzzer Investments Limited
Intermediate Holding Companies :	· Star Entertainment Holdings Limited · Star Television Technical Services Limited · Quazar Investments (Mauritius) Limited · STARTV.com Holdings Limited · Worldwide Wickets, Mauritius · Star ISP Limited
Subsidiaries :	Novi Digital Entertainment Private Limited (Formerly known as Indya Interactive Services Private Limited) (U64202MH2000PTC242292) Precision Components Private Limited (U74210MH1959PTC011459) Star Den Media Services Private Limited (w.e.f. 30th March 2016) (U22222MH2007PTC192620)
Associate Company	Premier Hockey Development Private Limited (U92413DL2004PTC130963)
Joint Venture :	Football Sports Development Limited (U74120MH2013PLC247778) Mashal Sports Private Limited (U92140MH1994PTC271363 Media Pro Enterprise India Private Limited (w.e.f. 30th March 2016) (U92412MH2006PTC164446) Star Den Media Services Private Limited (up to 29th March 2016)
Fellow Subsidiary company :	Asianet Communications Limited Channel V Music Networks Limited Dow Jones Consulting India Private Limited ESS (Formerly ESPN Star Sports) ESS Distribution (Mauritius) S.N.C. ET Compagine Fox Channels Middle East FZ LLC Fox Channels (India) Private Limited Fox Network Group Asia Pacific Limited (Formerly Fox International Channel Asia Pacific Limited) Fox International Channels (US) Inc. Fox International Channels Australia PTY Limited Fox International Channels Italy S.r.l. Fox Network Group Singapore Pte. Limited (Fox International Channels Singapore Pte. Limited) Fox Sports Australia Pty Limited Fox Star Studios (India) Private Limited FSLA Holdings LLC International Global Networks, BV Nationwide News PTY Limited NGC Europe Limited (Formerly known as: NGC International UK Limited) NGC Network (India) Private Limited NGC Network Asia LLC NGC Networks Middle East FZ LLC Reveille LLC (up to 31st March, 2015) Scorpio Television India Private Limited Star Advertisement Sales Limited Star International Movies Limited Star Asianet Middle East FZ LLC (Formerly Star Middle East FZ LLC) Twentieth Century Fox International Television Inc. Twentieth Century Fox Telecommunications International Inc. Twenty-First Century Fox America Inc. Twenty-First Century Fox Star US LLC Vijay Television Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
441090503	Equity Shares	INR 10/- each	INR 4410.905 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
410949142	Equity Shares	INR 10/- each	INR 4109.491 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	4109.490	3254.300	2372.710
(b) Reserves and Surplus	79615.760	41368.020	32707.100
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	385.080
Total Shareholders’ Funds (1) + (2)	83725.250	44622.320	35464.890
(3) Non-Current Liabilities
(a) long-term borrowings	2.330	5.160	8.240
(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	333.730	217.270	95.520
Total Non-current Liabilities (3)	336.060	222.430	103.760
(4) Current Liabilities
(a) Short-term borrowings	0.000	3160.000	3662.090
(b) Trade payables	22508.690	22250.650	12584.710
(c) Other current liabilities	4681.220	3423.190	4416.760
(d) Short-term provisions	304.160	231.140	184.880
Total Current Liabilities (4)	27494.070	29064.980	20848.440
TOTAL	111555.380	73909.730	56417.090
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2105.750	2355.510	1241.660
(ii) Intangible Assets	21086.750	1512.220	1570.500
(iii) Tangible assets capital work-in-progress	129.390	223.470	322.600
(iv) Intangible assets under development	60.260	34.310	0.000
(b) Non-current Investments	2797.110	1626.170	672.670
(c) Deferred tax assets (net)	0.000	0.000	524.780
(d) Long-term loans and advances	17495.750	14987.330	9163.200
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	43675.010	20739.010	13495.410
(2) Current assets
(a) Current investments	4700.000	4950.000	1145.000
(b) Inventories	13321.370	10575.440	11859.390
(c) Trade receivables	24197.620	20345.050	15000.820
(d) Cash and bank balances	9011.700	3673.110	4582.590
(e) Short-term loans and advances	15390.270	11065.350	8635.320
(f) Other current assets	1259.410	2561.770	1698.560
Total Current Assets	67880.370	53170.720	42921.680
TOTAL	111555.380	73909.730	56417.090

PROFIT & LOSS ACCOUNT (STANDALONE)

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Total Revenue from operations	82460.950	69859.760	50224.160
	Other Income	2750.750	1783.380	1816.170
	TOTAL	85211.700	71643.140	52040.330
Less	EXPENSES
	Employee benefit expense	6559.070	5662.460	4871.140
	CSR expenditure	0.000	30.000	0.000
	Other expenses	69326.070	78125.090	45777.240
	Exceptional items	21503.940	(1110.130)	0.000
	TOTAL	97389.080	82707.420	50648.380
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(12177.380)	(11064.280)	1391.950
Less	FINANCIAL EXPENSES	100.200	402.350	20.130
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(12277.580)	(11466.630)	1371.820
Less/ Add	DEPRECIATION/ AMORTISATION	1495.180	747.440	625.480
	PROFIT/ (LOSS) BEFORE TAX	(13772.760)	(12214.070)	746.340
Less	TAX	(2732.550)	524.780	108.680
	PROFIT/ (LOSS) AFTER TAX	(11040.210)	(12738.850)	637.660
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	11673.550	6104.910
	TOTAL EARNINGS	11673.550	6104.910	5327.730
	IMPORTS
	Raw Materials	23703.700	27905.820
	Capital Goods	251.270	557.290
	TOTAL IMPORTS	23954.970	28463.110	12468.530
	Earnings / (Loss) Per Share (INR)	(30.02)	(42.79)	2.31

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Net cash flows from (used in) operations	(15414.280)	(15603.090)	1718.470
Net cash flows from (used in) operating activities	(17200.340)	(17350.980)	(2157.790)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	107.11	106.30	109.02
Account Receivables Turnover (Income / Sundry Debtors)	3.41	3.43	3.35
Inventory Turnover (Operating Income / Inventories)	(0.91)	(1.05)	0.12
Asset Turnover (Operating Income / Net Fixed Assets)	(0.52)	(2.68)	0.44

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.25	0.39	0.37
Debt Equity Ratio (Total Liability / Networth)	0.00	0.07	0.10
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.33	0.65	0.59
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.28	0.09	0.09
Interest Coverage Ratio (PBIT / Financial Charges)	(121.53)	(27.50)	69.15

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Sales) * 100)	%	(13.39)	(18.23)	1.27
Return on Total Assets ((PAT / Total Assets) * 100)	%	(9.90)	(17.24)	1.13
Return on Investment (ROI) ((PAT / Networth) * 100)	%	(13.19)	(28.55)	1.80

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	2.47	1.83	2.06
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.98	1.47	1.49
G-Score Ratio Financial (Networth / Total Assets)	0.75	0.60	0.63
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.97	1.55
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.47	1.83	2.06

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	2372.710	3254.300	4109.490
Reserves & Surplus	32707.100	41368.020	79615.760
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	385.080	0.000	0.000
Net worth	35464.890	44622.320	83725.250
Long-term borrowings	8.240	5.160	2.330
Short term borrowings	3662.090	3160.000	0.000
Total borrowings	3670.330	3165.160	2.330
Debt/Equity ratio	0.103	0.071	0.000

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	50224.160	69859.760	82460.950
		39.096	18.038

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	50224.160	69859.760	82460.950
Profit/ (Loss)	637.660	(12738.850)	(11040.210)
	1.27 %	(18.23 %)	(13.39 %)

ABRIDGED BALANCE SHEET (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	4109.490	3254.300
(b) Reserves and Surplus	73451.380	39289.310
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	77560.870	42543.610
(3) Non-Current Liabilities
(a) long-term borrowings	2.330	96.120
(b) Deferred tax liabilities (Net)	0.200	0.170
(c) Other long-term liabilities	0.000	0.000
(d) long-term provisions	350.010	227.470
Total Non-current Liabilities (3)	352.540	323.760
(4) Current Liabilities
(a) Short-term borrowings	3480.150	3775.710
(b) Trade payables	24040.180	23176.270
(c) Other current liabilities	5263.760	2606.920
(d) Short-term provisions	323.340	243.760
Total Current Liabilities (4)	33107.430	29802.660
TOTAL	111020.840	72670.030
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2130.220	2380.510
(ii) Intangible Assets	21349.690	1891.020
(iii) Tangible assets capital work-in-progress	129.400	223.480
(iv) Intangible assets under development	60.260	34.310
(b) Non-current Investments	325.750	325.750
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term loans and advances	18628.660	15460.490
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	42623.980	20315.560
(2) Current assets
(a) Current investments	5052.150	5149.390
(b) Inventories	13441.540	10788.580
(c) Trade receivables	24746.050	19287.450
(d) Cash and bank balances	9305.010	3799.000
(e) Short-term loans and advances	14541.530	10731.880
(f) Other current assets	1310.580	2598.170
Total Current Assets	68396.860	52354.470
TOTAL	111020.840	72670.030

PROFIT & LOSS ACCOUNT (CONSOLIDATED)

	PARTICULARS	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	83508.040	70404.240
	Other Income	2220.100	1778.450
	TOTAL	85728.140	72182.690
Less	EXPENSES
	Employee benefit expense	7002.420	5784.980
	CSR expenditure	0.000	30.000
	Other expenses	73270.160	79313.900
	Exceptional items	21503.940	0.000
	TOTAL	101776.520	85128.880
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	(16048.380)	(12946.190)
Less	FINANCIAL EXPENSES	226.050	419.190
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(16274.430)	(13365.380)
Less/ Add	DEPRECIATION/ AMORTISATION	1592.110	780.720
	PROFIT/ (LOSS) BEFORE TAX	(17866.540)	(14146.100)
Less	TAX	(2732.480)	527.410
	PROFIT/ (LOSS) AFTER TAX	(15134.060)	(14673.510)
	Earnings / (Loss) Per Share (INR)	(41.15)	(49.29)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	-
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	---
33	Market information	---
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: The registered office of the company has been shifted from the Star House, Off Dr. E Moses Road, Mahalaxmi, Mumbai - 400011, Maharashtra, India address to the present address w.e.f. 15.11.2013.

CORPORATE INFORMATION

The Company was incorporated in India on February 8, 1994. The Company is principally engaged in the business of television broadcasting.

UNSECURED LOAN

PARTICULARS	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Short-term borrowings
Loans and advances from related parties	0.000	3160.000
Total	0.000	3160.000

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY

FIXED ASSETS

Tangible Assets

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Motor Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

· Leasehold Improvements

Intangible Assets

· Brands and Trade Marks

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 63.72
UK Pound	1	INR 88.64
Euro	1	INR 78.14

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	PYK
Report Prepared by :	MTN

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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

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