|
|
|
MIRA INFORM REPORT
|
Report No. : |
488028 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
APPLAUSE ENTERTAINMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
702, Plot No B-2, 7th Floor, Shalimar Morya Park, Oshiwara Link Road, Andheri (West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-26736233/ 2673/ 26736235/ 66982588 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.03.2002 |
|
|
|
|
Com. Reg. No.: |
11-135228 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 430.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92110MH2002PTC135228 |
|
|
|
|
IEC No.: |
Not Divulged |
|
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GSTIN: |
27AADCA4746K1ZH |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AADCA4746K |
|
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Subject is engaged in the business of Television Serial Production. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
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|
|
Comments : |
Subject was incorporated in the year 2002. The company has not earned income from its operations during the year
under the review. The overall financial position of the company seems to be moderate
marked by negative reserve base. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 24.01.2018
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 BY
|
Name : |
Mr. Anil Chirania |
|
Designation : |
Director |
|
Contact No.: |
91-9702046560 |
|
Date : |
23.01.2018 |
LOCATIONS
|
Registered Office : |
702, Plot No B-2, 7th Floor, Shalimar Morya Park, Oshiwara Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26736233/ 2673/ 26736235/ 66982588/ 24952543 |
|
Mobile No.: |
91-9702046560 (Mr. Anil Chirania) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sushil Agarwal |
|
Designation : |
Director |
|
Address : |
Ocean C.H. Society Limited 301, Ocean View Union Park, Khar (West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
13.06.1963 |
|
Qualification : |
CA |
|
Date of Appointment : |
20.03.2002 |
|
PAN No.: |
AADPA3179R |
|
DIN No: |
00060017 |
|
|
|
|
Name : |
Mr. Anil Chirania |
|
Designation : |
Director |
|
Address : |
1102, 11th Floor, B/29, Silver Arch, Shastri Nagar, Lokhandwala Road, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
19.12.1969 |
|
Qualification : |
CA |
|
Date of Appointment : |
09.03.2015 |
|
PAN No.: |
ACEPC4295R |
|
DIN No: |
01082719 |
KEY EXECUTIVES
|
Name : |
Girish Murarka and Company |
|
Designation : |
Company Secretary |
|
Address : |
Ground Floor, Wing “A”, Flat No.001, Bharateeya Kala Mandal C/2, Cooperative
Housing Society Limited, Om Nagar, Andheri (East), Mumbai – 4000099,
Maharashtra, India |
|
Tel. No: |
91-22-28392294 |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders (Equity Share) |
No. of Shares |
% of Holding |
|
Sushil Agarwal |
5000 |
0.04 |
|
Suresh Sodani |
5000 |
0.04 |
|
Infocyber India Private Limited, India |
1000000 |
7.69 |
|
Gwalior Properties and Estates Private Limited, India |
3000000 |
23.08 |
|
Seshasayee Properties Private Limited, India |
3000000 |
23.08 |
|
Trapti Trading and Investments Private Limited, India |
4000000 |
30.77 |
|
Aditya Birla Power Company Limited, India |
1990000 |
15.31 |
|
Total |
13000000 |
100.00 |
|
Names of Shareholders (Preference Share) |
No. of Shares |
|
Trapti Trading and Investments Private Limited, India |
3000000 |
|
Total |
3000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
99.92 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Television Serial Production. (Registered Activity) |
|
|
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
|
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Vijay R. Tater and Company Chartered Accountants |
|
Address : |
105, Chartered House, 293, Dr. Cawasji Hormasji Street, Near Marine Lines, Church, Mumbai-400002, Maharashtra, India |
|
Membership number |
047625 |
|
Income-tax PAN of auditor or auditor's firm : |
AAAFV1764G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company |
Birla Group Holdings Private Limited |
|
|
|
|
Subsidiary |
Applause Entertainment AP Private Limited (U92132TG2004PTC042536) |
|
|
|
|
Associate |
Applause Bhansali Films Private Limited (U72900MH2003PTC138702) |
|
|
|
|
Fellow Subsidiary |
Birla TMT Holdings Private Limited |
CAPITAL STRUCTURE
After: 30.09.2017
Authorised Capital : INR 725.000 million
Issued, Subscribed & Paid-up Capital : INR 560.000
million
As on: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
INR 10/- each |
INR 130.000 Million |
|
3250000 |
Preference Shares |
INR 100/- each |
INR 325.000 Million |
|
|
Total |
|
INR 455.000
million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
INR 10/- each |
INR 130.000 Million |
|
3000000 |
Preference Shares |
INR 100/- each |
INR 300.000 Million |
|
|
Total |
|
INR 430.000
million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
430.000 |
430.000 |
430.000 |
|
(b) Reserves and Surplus |
(419.477) |
(419.480) |
(311.672) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
10.523 |
10.520 |
118.328 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
0.015 |
0.124 |
0.013 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
0.015 |
0.124 |
0.013 |
|
|
|
|
|
|
TOTAL |
10.538 |
10.644 |
118.341 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.196 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
5.023 |
6.306 |
108.604 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
8.709 |
|
Total Non-Current
Assets |
5.023 |
6.306 |
117.509 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
5.450 |
4.338 |
0.832 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
0.065 |
0.000 |
0.000 |
|
Total
Current Assets |
5.515 |
4.338 |
0.832 |
|
|
|
|
|
|
TOTAL |
10.538 |
10.644 |
118.341 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
0.340 |
0.154 |
0.017 |
|
|
TOTAL |
0.340 |
0.154 |
0.017 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Other expenses |
0.335 |
107.962 |
2.852 |
|
|
TOTAL |
0.335 |
107.962 |
2.852 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
0.005 |
(107.808) |
(2.835) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.024 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.005 |
(107.808) |
(2.859) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.005 |
(107.808) |
(2.859) |
|
|
|
|
|
|
|
Less |
TAX |
0.002 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.003 |
(107.808) |
(2.859) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.000 |
(6.738) |
(0.179) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
0.859 |
3.351 |
0.251 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
0.841 |
3.351 |
0.251 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.00 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.00 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
0.00 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
0.00 |
0.00 |
(118.13) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.03 |
(1012.85) |
(2.42) |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
0.03 |
(1024.79) |
(2.42) |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
344.75 |
34.98 |
64.00 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
367.67 |
34.98 |
64.00 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
1.00 |
0.99 |
1.00 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
367.67 |
34.98 |
64.00 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
430.000 |
430.000 |
430.000 |
|
Reserves & Surplus |
(311.672) |
(419.480) |
(419.477) |
|
Net
worth |
118.328 |
10.520 |
10.523 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
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 |
Yes |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
MACRO ECONOMIC
SCENARIO
The global economy continued to be subdued in 2016. The slowdown in the advanced economies of the West adversely impacted growth levels, resulting in the slowing of the world economic growth to 3.1% from 3.4% in the earlier year. The International Monetary Fund has projected global growth to notch up to 3.5% in 2017 from 3.1% last year. Growth in the emerging markets is pegged at 4.5%, driven largely by China, India and the ASEAN region.
India is on a roll. There is a buzz about India, as it blazes forth as the fastest growing economy in the world at 7.1%. The trade deficit in 2016-17 was USD 106 billion, lower by 11% over the previous year. The current account deficit has been significantly pared. India’s foreign exchange reserves as at March end 2017 were USD 370 billion. The various initiatives and reforms of the Government have built the platform for a quantum leap ahead. High impact national projects, coming to grips with structural issues, which were holding back the country’s progress, innovative approaches in policy making – have collectively contributed in driving India on a high growth trajectory. Going forward the abiding sense is one of immense optimism and confidence in the future with the nation slated to grow at 7.5% to 8%. The Government has taken many steps, including a sharp focus on improving ease of doing business, speeding of green clearances and stepping up public sector outlays for infrastructure.
PERFORMANCE REVIEW OF
THE BUSINESS OF THE COMPANY
During the year, the Company has earned a Net Profit after Tax for the year of INR 0.003 million (Previous Year Net Loss of INR 107.808 million).
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10244192 |
90144422 |
BANK OF AMERICA |
26/03/2003 |
19/04/2004 |
- |
1000000000.0 |
5th Floor, DCM Building, 16, Barakhamba Road, New Delhi-110001, India |
PRESS RELEASE:
NEWS
KUMAR MANGALAM BIRLA REVIVES APPLAUSE ENTERTAINMENT FOR CONTENT PLAY
Aditya Birla Group chairman Kumar Mangalam Birla has hired former
Balaji Telefilms CEO Sameer Nair to revive Applause Entertainment
Aug 17 2017: Mumbai: Aditya Birla Group chairman Kumar Mangalam Birla has hired Sameer Nair—who stepped down as CEO of Balaji Telefilms Ltd last month—to revive Applause Entertainment Pvt. Ltd, his privately held production company that has been dormant for almost a decade after producing highly acclaimed Bollywood movies such as Black and Dev.
“They plan to reignite Applause Entertainment to invest in the creation and distribution of content for new audiences and new markets,” Birla said. He plans to invest Rs200-300 crore (for starters) on creating this content for distribution across platforms.
Nair believes the Indian audience is completely bored of daily soaps but that there’s a massive new untapped urban audience that is currently hooked to House of Cards and Game of Thrones. There’s no content currently available in “the world between Naagin and Narcos”, Nair said, referring to two popular series, one on Indian TV (Colors) and the other on Netflix.
“Daily soaps started as an idea in India in the year 2000, but went on to become so wildly successful that they stunted every other form of story-telling. This resulted in us missing an evolutionary step, that of premium subscription content,” Nair explained. Applause will work with content producers in the established studio structure.
“There’s a big audience in India today that is fatigued of TV, but is not necessarily watching Netflix. So, the opportunity for us is to create premium content drama series, in multiple languages and genres, in the shorter format with seasons to feed this new audience,” Nair said.
Applause will roll out the first of such shows in the next six months and 20-30 of them over the next 18 months. Nair is convinced there is a market for them and cites the huge opportunity presented by the growing number of smartphones and mobile wireless broadband connections in the country. “Content has to now play catch-up with technology,” he said.
THEY WILL CREATE THE INDIAN BINGE VIEWER, SAYS APPLAUSE ENTERTAINMENT’S
SAMEER NAIR
Nov 02 2017: New Delhi: After feeding the Indian audiences a diet of daily soaps on television for almost two decades, Sameer Nair, chief executive at Aditya Birla Group’s Applause Entertainment Pvt. Ltd, hopes to create the online binge viewer with his latest set of premium drama series. Applause Entertainment is Kumar Mangalam Birla’s privately held Production Company that will invest in creation and distribution of content for new audiences and new markets.
“Applause is looking to create this binge viewing premium Indian drama series and give it out to the first 100 million online consumers who feel there’s a need-gap. This content will be delivered on the back of the big highways that have been built through telecom and all other platforms that exist. I think the Indian binge viewer is waiting to be created,” said Nair, who was previously the chief executive of Balaji Telefilms Ltd, a television and film production company.
“I really think they need to create a nation of binge addicts now with local language content. The opportunity is clear and present. The technology is in place. The audience has primed over the years. Because TV hasn’t done it, the need gap exists and fatigue has set in,” he said.
For the shows that Applause will create, his target audience is the one which has a 4G connection, access to a screen, one who does not want to watch Netflix originals like Narcos and is tired of daily soap operas like Naagin. “At Applause they’re in the process of creating content and IP, they want to identify these gaps. One of them is premium drama series which seems like a lucrative opportunity because the market needs it,” he added.
Nair said that the distribution ecosystem for online content is in place—from the giant domestic telco platforms to international and domestic over-the-top video streaming platforms. “They are focused on creation of the content. There are different ways to distribute it. There will be a telecom partner. I have great faith in what I call captive audiences of the telecom footprint. I think the telecom audience is a big untapped resource for the entertainment industry,” he said.
Currently, at Applause, a team of 25 people are working on green-lighting multiple projects across comedy, crime dramas and an ambitious historical series on the lines of Tudors. “Lots of writing is underway,” said Nair, whose budget range from Rs40 lakh-1.5 crore per episode for his originals. “The missing piece today is content not platforms. My priority is content,” said Nair
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 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 63.77 |
|
|
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.