|
|
|
MIRA INFORM REPORT
|
Report No. : |
488730 |
|
Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NAZARA TECHNOLOGIES LIMITED (w.e.f. 13.12.2017) |
|
|
|
|
Formerly Known
As : |
NAZARA TECHNOLOGIES PRIVATE LIMITED (w.e.f. 04.07.2003) NAZARA.COM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
51-57, Maker Chambers 3, Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-40330800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
08.12.1999 |
|
|
|
|
Com. Reg. No.: |
11-122970 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 19.892 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH1999PLC122970 (New) U72900MH1999PTC122970 (Old) |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN0730A |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in providing mobile value added services (VAS) through telecom consumer base in India and worldwide including game download and subscription based services. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “West Bridge Venture II Investment
Holdings, Mauritius”. The company was incorporated in the year 1999. Management has failed to file its financial with Registrar of
Companies for the FY 2017. The company has reported decent growth in its sales turnover along
with strong profit margin of nearly 27% during the year. The sound financial profile of the company is marked by adequate
networth base along with strong debt coverage indicators due to debt free
balance sheet profile. The company has decent earning per shares (EPS) of INR 431.20 against
the face value (FV) of INR 10. The rating takes into consideration long and established track record
of business operations along with the promoter’s extensive industry
experience. However, rating is constrained on account of absence of latest
financials. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for business
dealings with 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 30.01.2018
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-COOPERATIVE (Tel. No.: 91-22-40330800)
LOCATIONS
|
Registered Office/ Corporate Office : |
51-57, Maker Chambers 3, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-40330800/ 22810303/ 22813030 |
|
Fax No.: |
91-22-22810606 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Overseas Office : |
Located at:
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vikash Pratapchand Mittersain |
|
Designation : |
Managing director |
|
Address : |
24, Vijay Villa, 79, Worli Sea Face, Mumbai-400025, Maharashtra, India |
|
Date of Birth/Age : |
04.06.1954 |
|
Qualification : |
B.Com |
|
PAN No.: |
AJVPM0527C |
|
Date of Appointment : |
08.12.1999 |
|
DIN No.: |
00156740 |
|
|
|
|
Name : |
Mr. Nitish Vikash Mittersain |
|
Designation : |
Managing director |
|
Address : |
24, Vijay Villa, 79, Worli Sea Face, Worli, Mumbai-400025, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1979 |
|
Qualification : |
B.Com |
|
PAN No.: |
AJVPM0526D |
|
Date of Appointment : |
08.12.1999 |
|
DIN No.: |
02347434 |
|
|
|
|
Name : |
Ms. Shobha Haresh Jagtiani |
|
Designation : |
Director |
|
Address : |
L-1, Palm Springs, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
|
Date of Appointment : |
04.01.2018 |
|
DIN No.: |
00027558 |
|
|
|
|
Name : |
Mr. Probir Roy |
|
Designation : |
Director |
|
Address : |
F 9, Third Floor, Venus Apartments, Worli Sea Face, Mumbai – 400018, Maharashtra, India |
|
Date of Appointment : |
04.01.2018 |
|
DIN No.: |
00111961 |
|
|
|
|
Name : |
Ms. Sasha Gulu Mirchandani |
|
Designation : |
Director |
|
Address : |
D 131, Tahnee Heights, Petit Hall, Napean Sea Road, Mumbai – 400093, Maharashtra, India |
|
Date of Appointment : |
04.01.2018 |
|
DIN No.: |
01179921 |
|
|
|
|
Name : |
Mr. Kuldeep Jain |
|
Designation : |
Director |
|
Address : |
Bunglow No.26, J K Gram, Pokhran Rd. No.1, Thane (West)-400606, Maharashtra, India |
|
Date of Birth/Age : |
27.01.1975 |
|
Qualification : |
B.Com |
|
PAN No.: |
AEJPJ4284J |
|
Date of Appointment : |
20.08.2013 |
|
DIN No.: |
02683041 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Agarwal |
|
Designation : |
Chief Executive Officer |
|
Address : |
701, 7th Floor, Ashok Gardens, B-Wing, T J Road, Sewri, Mumbai – 400015, Maharashtra, India |
|
Date of Appointment : |
28.12.2017 |
|
PAN No.: |
ABJPA2195A |
|
|
|
|
Name : |
Mr. Vinav Agarwal |
|
Designation : |
Company Secretary |
|
Address : |
170, Subhash Nagar, Kamla Nagar, Agra – 282004, Uttar Pradesh, India |
|
Date of Appointment : |
28.12.2017 |
|
PAN No.: |
BEQPA4702L |
|
|
|
|
Name : |
Mr. Rakesh Chandrakant Shah |
|
Designation : |
Chief Financial Officer |
|
Address : |
C/O, 103 1st Floor, Shree Puri Tower, Shimpoli Road, Soniwadi, Borivali, Mumbai – 400092, Maharashtra, India |
|
Date of Appointment : |
28.12.2017 |
|
PAN No.: |
AAOPS2644G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Mitter Infotech LLP, India |
|
558356 |
|
West Bridge Venture II Investment Holdings, Mauritius |
|
1352944 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
Category |
Percentage |
|
Promoters (Body corporate) |
75.65 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
2.46 |
|
Public/Other than promoters (Venture capital) |
13.79 |
|
Public/Other than promoters (Body corporate) |
8.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in providing mobile value added services (VAS) through telecom consumer base in India and worldwide including game download and subscription based services. (Registered Activity) |
||||
|
|
|
||||
|
Products/ Services : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Company LLP Chartered Accountants |
|
Address : |
12th 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 : (As on 31.03.2016) |
West Bridge Venture II Investment Holdings, Mauritius (from 30th March, 2016) |
|
|
|
|
Subsidiary
Companies : (As on 31.03.2016) |
|
|
|
|
|
Stepdown
Subsidiaries : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 26.12.2016
Authorised Capital : INR 150.000 Million
Issued, Subscribed & Paid-up Capital : INR 107.890
Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2198796 |
Equity Shares |
INR 10/- each |
INR 21.988 Million |
|
1251204 |
Preference Shares |
INR 10/- each |
INR 12.512
Million |
|
|
Total
|
|
INR 34.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1989246 |
Equity Shares |
INR 10/- each |
INR 19.892
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 |
19.892 |
19.892 |
20.346 |
|
(b) Reserves &
Surplus |
732.754 |
614.676 |
516.613 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
752.646 |
634.568 |
536.959 |
|
|
|
|
|
|
(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 |
8.795 |
5.633 |
5.266 |
|
Total Non-current
Liabilities (3) |
8.795 |
5.633 |
5.266 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
166.372 |
176.979 |
80.972 |
|
(c) Other current liabilities |
58.883 |
33.740 |
10.933 |
|
(d) Short-term provisions |
1.714 |
1.830 |
1.680 |
|
Total Current Liabilities
(4) |
226.969 |
212.549 |
93.585 |
|
|
|
|
|
|
TOTAL |
988.410 |
852.750 |
635.810 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14.866 |
4.334 |
4.282 |
|
(ii) Intangible Assets |
4.538 |
5.529 |
5.877 |
|
(iii) Capital
work-in-progress |
3.600 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.694 |
0.694 |
0.694 |
|
(c) Deferred tax assets
(net) |
14.362 |
5.587 |
7.921 |
|
(d) Long-term Loan and Advances |
19.315 |
15.119 |
6.208 |
|
(e) Other Non-current
assets |
1.571 |
0.000 |
39.931 |
|
Total Non-Current Assets |
58.946 |
31.263 |
64.913 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
528.138 |
327.827 |
173.850 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
183.929 |
145.177 |
91.141 |
|
(d) Cash and cash
equivalents |
102.435 |
219.618 |
213.800 |
|
(e) Short-term loans and
advances |
26.226 |
21.193 |
5.164 |
|
(f) Other current assets |
88.736 |
107.672 |
86.942 |
|
Total Current Assets |
929.464 |
821.487 |
570.897 |
|
|
|
|
|
|
TOTAL |
988.410 |
852.750 |
635.810 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1169.563 |
896.056 |
619.239 |
|
|
Other Income |
241.493 |
52.403 |
27.744 |
|
|
TOTAL |
1411.056 |
948.459 |
646.983 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
41.909 |
11.757 |
22.720 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
197.664 |
99.170 |
78.667 |
|
|
Other expenses |
721.054 |
440.302 |
266.654 |
|
|
CSR expenditure |
2.986 |
0.000 |
0.000 |
|
|
TOTAL |
963.613 |
551.229 |
368.041 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
447.443 |
397.230 |
278.942 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
447.443 |
397.230 |
278.942 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.082 |
6.944 |
7.082 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
438.361 |
390.286 |
271.860 |
|
|
|
|
|
|
|
Less |
TAX |
117.168 |
132.290 |
92.047 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
321.193 |
257.996 |
179.813 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
613.377 |
470.314 |
290.501 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
utilised for Buy-back of
Shares |
0.000 |
88.023 |
0.000 |
|
|
on Equity Shares |
198.930 |
0.000 |
0.000 |
|
|
Transfer to Capital
Redemption Reserve |
0.000 |
0.450 |
0.000 |
|
|
Dividend distribution tax |
0.290 |
0.000 |
0.000 |
|
|
Tax on Buy-back of Shares |
3.910 |
26.460 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
731.450 |
613.377 |
470.314 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
191.815 |
134.182 |
95.586 |
|
|
TOTAL EARNINGS |
191.815 |
134.182 |
95.586 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.398 |
0.000 |
0.580 |
|
|
TOTAL IMPORTS |
0.398 |
0.000 |
0.580 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
431.20 |
338.00 |
229.52 |
|
|
Diluted |
153.32 |
121.69 |
84.01 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
205.164 |
397.703 |
NA |
|
Net cash flow from operating activity |
83.110 |
257.921 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
57.40 |
59.14 |
53.72 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.36 |
6.17 |
6.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
1448.99 |
5494.37 |
1300.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
19.45 |
40.27 |
27.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.23 |
0.25 |
0.15 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.30 |
0.33 |
0.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.03 |
0.02 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
27.46 |
28.79 |
29.04 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
32.50 |
30.25 |
28.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
42.68 |
40.66 |
33.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.10 |
3.86 |
6.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.10 |
3.86 |
6.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.76 |
0.74 |
0.84 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.10 |
3.86 |
6.10 |
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 |
20.346 |
19.892 |
19.892 |
|
Reserves & Surplus |
516.613 |
614.676 |
732.754 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
536.959 |
634.568 |
752.646 |
|
|
|
|
|
|
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 |
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 |
619.239 |
896.056 |
1169.563 |
|
|
|
44.703 |
30.523 |
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 |
619.239 |
896.056 |
1169.563 |
|
Profit |
179.813 |
257.996 |
321.193 |
|
|
29.04% |
28.79% |
27.46% |
ABRIDGED
BALANCE SHEET - CONSOLIDATED
|
SOURCES OF FUNDS |
31.03.2016 |
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
(1)Shareholders' Funds |
|
|
(a) Share Capital |
19.892 |
|
(b) Reserves &
Surplus |
1566.852 |
|
(c) Money received
against share warrants |
0.000 |
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
1586.744 |
|
|
|
|
(3) Non-Current
Liabilities |
|
|
(a) long-term borrowings |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
|
(d) long-term provisions |
11.680 |
|
Total Non-current
Liabilities (3) |
11.680 |
|
|
|
|
(4) Current Liabilities |
|
|
(a) Short term borrowings |
0.000 |
|
(b) Trade payables |
261.651 |
|
(c) Other current
liabilities |
136.089 |
|
(d) Short-term provisions |
2.793 |
|
Total Current Liabilities
(4) |
400.533 |
|
|
|
|
TOTAL |
1998.957 |
|
|
|
|
II.
ASSETS |
|
|
(1) Non-current assets |
|
|
(a) Fixed Assets |
|
|
(i) Tangible assets |
15.166 |
|
(ii) Intangible Assets |
4.547 |
|
(iii) Capital
work-in-progress |
3.600 |
|
(iv) Intangible assets
under development |
0.000 |
|
(b) Non-current
Investments |
24.000 |
|
(c) Deferred tax assets
(net) |
18.281 |
|
(d) Long-term Loan and Advances |
45.277 |
|
(e) Other Non-current
assets |
1.571 |
|
Total Non-Current Assets |
112.442 |
|
|
|
|
(2) Current assets |
|
|
(a) Current investments |
528.138 |
|
(b) Inventories |
0.000 |
|
(c) Trade receivables |
334.410 |
|
(d) Cash and cash
equivalents |
763.425 |
|
(e) Short-term loans and
advances |
35.227 |
|
(f) Other current assets |
225.315 |
|
Total Current Assets |
1886.515 |
|
|
|
|
TOTAL |
1998.957 |
PROFIT
& LOSS ACCOUNT - CONSOLIDATED
|
|
PARTICULARS |
31.03.2016 |
|
|
SALES |
|
|
|
Income |
2111.632 |
|
|
Other Income |
78.430 |
|
|
TOTAL |
2190.062 |
|
|
|
|
|
Less |
EXPENSES |
|
|
|
Cost of Materials
Consumed |
111.051 |
|
|
Employees benefits
expense |
232.368 |
|
|
Other expenses |
1018.166 |
|
|
CSR Expenditure |
2.986 |
|
|
TOTAL |
1364.571 |
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
825.491 |
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
825.491 |
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.487 |
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
816.004 |
|
|
|
|
|
Less |
TAX |
170.736 |
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
645.268 |
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
Basic |
866.27 |
|
|
Diluted |
308.02 |
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 |
No |
|
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 |
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: As confirmed by management the registered office of the company has been shifted from 601, Dalamal House, Nariman Point, Mumbai-400021, Maharashtra, India to the present address.
CORPORATE INFORMATION
(As on 31.03.2016)
The Company incorporated on December 8, 1999 is primarily engaged in providing mobile value added services (VAS) through telecom consumer base in India and worldwide including game download and subscription based services.
INDEX
OF CHARGES
|
Charges Registered |
||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G74132705 |
100148244 |
IIFL WEALTH FINANCE LIMITED |
22/12/2017 |
300000000.0 |
6th Floor, IIFL Centre, Kamala City,Senapati Bapat Marg, Lower Parel, Mumbai MAHARASHTRA 400013 INDIA |
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
WEBSITE DETAILS
NEWS/ PRESS RELEASES
ESPORTS COMPANY NAZARA
TECHNOLOGIES ACQUIRES 55% STAKE IN NODWIN GAMING
With This Nazara Intends To Leverage Its Investments In
Mobile And Digital Sports Category
January 24, 2018
A year after entering esports market, Nazara Technologies Limited has acquired 55% stake in NODWIN Gaming, one of the leading Indian esports venture.
With this investment, Nazara aims to strengthen its portfolio of offerings in the virtual interactive sports genre in India and other emerging markets.
Post acquisition, NODWIN will become an independent subsidiary of Nazara.
NODWIN: A Rising
Player In The Indian ESports Segment
Founded in 2014, NODWIN is a 50:50 venture between Akshat Rathee, Gautam Virk and Jetsynthesys Private Limited, and has established relationships with global gaming publishers and platforms including market leaders such as ESL (Turtle Entertainment, GMBH) and Valve Corporation.
NODWIN has the exclusive long-term India rights for global partners such as ESL, ESWC among others. The company hosts and manages IP based gaming events such as the ESL India Premiership, The Dew Arena by ESL, KO Fight Nights, The North East Championship, The Intel Extreme Masters qualifiers for India, The Electronic Sports World Cup (ESWC) India Qualifiers, etc.
RELATED STORIES:
- Mobile Gaming Studio Nazara Technologies Acquires NextWave
- Rakesh Jhunjhunwala Invests $28 Mn In Gaming Startup Nazara
- Mobile Gaming Company Nazara Raises $51 Mn In Funding
NODWIN also partners with other leading brands to create multiple gaming properties in India such as The esports arena at Indian Gaming Show by CII, The Asus ROG Masters, etc.
How Nazara Aims To
Leverage NODWIN Acquisition
Nazara with its acquisition of NODWIN intends to leverage its investments in mobile and digital sports category to build Intellectual Properties in the esports space along with NODWIN in emerging markets across disciplines such as soccer, cricket, and other traditional sports.
With this investment Nazara is furthering its commitment to developing the esports ecosystem to enable competitive online and offline gaming, create localised leagues and cups and boost esports as spectator sports in India.
The approach includes localised content creation around global events (ESL One, ESL Pro League, Intel Extreme Masters, The International by Valve, etc) and creating local events by bringing in sponsors. This is expected to boost the creation of world-class esports athletes and players emerging from the Indian ecosystem.
According to Manish Agarwal, CEO, Nazara Technologies, “Through this acquisition we aim to provide Indian esports enthusiasts a robust player and community orientated esports ecosystem, in which players can thrive, improve their skills and become top competitors at an international level.
Other Startups Added
To Nazara Portfolio
Recently in January 2018, Nazara Technologies acquired a majority stake in NextWave Multimedia. With the acquisition of NextWave, Nazara strengthens its portfolio of offerings in the virtual interactive sports genre in India and other emerging markets.
The NextWave acquisition comes after Nazara’s investments in startups such as MasterMind Sports, Truly Social, Moong Labs and HalaPlay.
This comes in line with building a network of synergistic
companies for operations in India and
other emerging markets across the Middle East, Africa and South East Asia.
Nazara Technologies:
The Journey So Far
Nazara Technologies is a mobile gaming company engaged in the acquisition of, value addition to and distribution of mobile games across emerging markets. It runs mobile gaming subscription services to mass mobile Internet users comprising largely of first time mobile gamers across Africa, Middle East, Southeast Asia, Latin America and the Indian subcontinent.
In December 2017, investor Rakesh Jhunjhunwala acquired a minority stake in the company for approximately $27.99 Mn (INR 1800.000 Million). It followed $51.1 Mn funding round led by IIFL Special Opportunities Fund.In September 2017, the company had revealed plans to offer an IPOtowards the end of FY18 for $156.5 Mn.
In India, Nazara has licensed mobile gaming rights to popular IPs like Virat Kohli, Hrithik Roshan, Chhota Bheem, Royal Challengers Bangalore, Motu Patlu, Mighty Raju, Tinkle Characters and Chacha Choudhary.
As of September 2017, Nazara crossed over 34 Mn downloads with over 10 Mn monthly active
users across its network of games on Google Play Store, claims the
company. Other startups operating in the mobile gaming domain include
PlaySimple, Flixy Games, GameXS, RedMonsterGames and more.
As per a Google KPMG report released in May 2017, the online gaming industry in India is estimated to be worth over $360 Mn and is poised to grow and reach $1 Tn Bn by 2021, the industry will likely reach more than 310 Mn gamers around the country.
The immense potential of the segment and provided a way for a lot of startups to explore. Last month, two other gaming startups Smaaash and Passion Gaming also secured funding to the tune of $3.8 Mn and $3.7 Mn respectively.
As per data available, India accounts for around 13% of the world’s online mobile gaming population. Notably, in the sector where most companies are struggling to break, Nazara Technologies is, however, an exception. In FY17, the company raked in over $86 Mn (INR 5500.000 Million) in revenue and more than $10.3 Mn (INR 660.000 Million) in profits. It remains to be seen what Nazara can achieve with its sizable inclusions of esports giants like NODWIN.
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 63.54 |
|
|
1 |
INR 89.82 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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.