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MIRA INFORM REPORT
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Report No. : |
517095 |
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Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
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Name : |
NETFLIX ENTERTAINMENT SERVICES INDIA LLP |
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Registered
Office : |
2nd Floor, Raheja Centre Point, CST Road, Kalina,
Santacruz East, Mumbai – 400098, Maharashtra |
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Tel. No.: |
91-22-67078700 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Date of
Incorporation : |
12.04.2017 |
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Total Obligation
of Contribution: |
INR 101.000 Million |
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LLPIN No.: |
AAJ-1420 |
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IEC No.: |
Not Divulged |
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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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Legal Form : |
Limited Liability Partnership |
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Line of Business
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Subject is engaged in providing services of Online
Distribution of Video products, Television Serials, Entertainment, Film and
Sports. [Registered Activity] |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Netflix International BV” Netherland. The subject was established in the year 2017. It is engaged in providing services of Online Distribution of Video products, Television Serials, Entertainment, Film and Sports. Netflix is an American entertainment company founded by Reed Hastings and Marc Randolph on August 29, 1997, in Scotts Valley, California. It specializes in and provides streaming media and video-on-demand online and DVD by mail. In 2013, Netflix expanded into film and television production, as well as online distribution. As of 2017, the company has its headquarters in Los Gatos, California. The rating takes into consideration financial and managerial support that the company receives from its holding entity backed by its well experienced management team. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: As per Registrar of Companies, the date of balance sheet i.e. financial filed is shown as 31st March 2018 but documents related to the financials for the year 2018 are not available from any sources. |
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
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.
INFORMATION DENIED
Management Non-Cooperative (91-22-67078700)
LOCATIONS
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Registered Office : |
2nd Floor, Raheja Centre Point, CST Road, Kalina,
Santacruz East, Mumbai – 400098, Maharashtra |
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Tel. No.: |
91-22-67078700 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
PARTNERS
AS ON 31.03.2017
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Name : |
Mr. Manoj Tryambaklal Upadhyay |
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Designation : |
Body Corporate DP Nominee |
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Address : |
255/J Wing, Mulund Darshan, Guru Govind Sing Marg, Mulund
Colony, Mulund West, Mumbai – 400082, Maharashtra, India |
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Date of Appointment : |
12.04.2017 |
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DPIN No.: |
06866808 |
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Name : |
Mr. Reginald Shawn Thompson |
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Designation : |
Body Corporate DP Nominee |
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Address : |
200 Winchester Circle, APT B201 Los Gatos California 95032 |
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Date of Appointment : |
12.04.2017 |
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DPIN No.: |
07737775 |
CONTRIBUTION DETAILS
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Names of Person |
INR In Million |
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Netflix International B.V., Netherlands |
100.990 |
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Netflix Streaming Services International B.V., Netherlands |
0.010 |
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Total |
101.000 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing services of Online Distribution
of Video products, Television Serials, Entertainment, Film and Sports. [Registered Activity] |
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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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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
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Names of Person |
INR In Million |
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Netflix International B.V., Netherlands |
100.990 |
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Netflix Streaming Services International B.V., Netherlands |
0.010 |
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Total |
101.000 |
FINANCIAL DATA
[all figures are
INR Million]
NOT AVAILABLE
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
No |
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8 |
Designation of contact person |
No |
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9 |
Promoter’s background |
No |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees [As per site visit] |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the Annual
Report |
No |
INDEX OF CHARGE:
NO CHARGES EXISTS FOR
COMPANY
PRESS RELEASE
NETFLIX ACQUIRES NICK OFFERMAN’S
ANIMATED MOVIE ‘WHITE FANG’
Netflix has acquired the Sundance animated film “White Fang,” marking the first acquisition deal for the streaming platform out of the 2018 Sundance Film Festival.
The service is set to release the film later this year in territories including the U.S., Canada, Latin America, Southeast Asia, Japan, South Korea, U.K., Eastern Europe, India, Australia, New Zealand and South Africa.
Academy Award winner Alexandre Espigares directed the film, with a voice cast of Nick Offerman, Rashida Jones, Paul Giamatti and Eddie Spears. Dominique Monfery, Philippe Lioret and Serge Frydman served as writers on the film.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 68.17 |
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1 |
INR 90.47 |
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Euro |
1 |
INR 79.74 |
INFORMATION DETAILS
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Information
Gathered by : |
SPR |
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Analysis Done by
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VAR |
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Report Prepared
by : |
JYO |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.