|
|
|
MIRA INFORM REPORT
|
Report No. : |
494444 |
|
Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ATRIA CONVERGENCE TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd and 3rd Floor, No.1, Indian Express
Building, Queen’s Road, Bangalore – 560001, Karnataka |
|
Tel. No.: |
91-80-22205205 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
16.06.2000 |
|
|
|
|
Com. Reg. No.: |
08-027290 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 519.445 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900KA2000PTC027290 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA8907B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject carries on
the business of broadband and cable television distribution services. The
Company renders cable distribution services and internet related services to
clients. Cable distribution services include providing cable services to
direct subscribers, local cable operators ('LCO') and sale of television time
slots for advertising. Effective 1 October 2014, the Company discontinued its
cable distribution services and is only rendering internet related services
to clients. (Registered
Activity) |
|
|
|
|
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 : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 9500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 2000. It is engaged in providing telecommunication, information technology and satellite technology services. For the financial year 2016, the revenue of the company has increased by 50.90% along with fair profit margin of 17.11%. The healthy financial profile of the company is marked by strong networth base along with comfortable debt coverage indicators. The rating takes into consideration equity infused by its promoters. The rating further factor in the company’s leading position in broadband internet business in key markets in Southern India. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables. Business is active. Payments seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: As per the
Registrar of Companies date of balance sheet (i.e. financial filed) is shown
as 31.03.2017 but documents related to financial for the year 31.03.2017 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk.
|
|
Date |
27.07.2017 |
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 01.03.2018
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 (91-80-42840000)
Given number is ringing 91- 9725024511
LOCATIONS
|
Registered Office : |
2nd and 3rd Floor, No.1, Indian Express Building,
Queen’s Road, Bangalore – 560001, Karnataka, India |
|
Tel. No.: |
91-80-22205205 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office |
8-2-618/2/A, Block B, Road 11, Lane Beside Sarvi, Banjara Hills, Hyderabad – 500034, Telangana, India |
|
|
|
|
Regional Office: |
Golden Heights, 59th C Cross, 4th 'M' Block, Rajajinagar, Bangalore – 560010, Karnataka, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Chinnaswamy Sunder Raju |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No. 294, Upper Palace, Orchards, Bangalore-560080, Karnataka,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.08.1957 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
MSC (Computer Science) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.06.2008 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00592212 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AGBPR1419K |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mahendrakumar Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
192, Centrum Towers, Barkhat Ali Road, Near Wadala Flyover, Wadala East, Mumbai-400037, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.05.1947 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.12.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00327684 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vishal Gangadhar Nevatta |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
2702, B-Wing, 27th Floor, Oberoi Sky Heights Lokhandwala,
Back Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.08.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
CA |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01307857 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AABPN1547L |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vikram Nirula |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1501, Raheja Princess, S K Bole Marg, Agar Bazar, Dadar
(West), Mumbai - 400028, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.08.1972 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
BE (Computers), Post graduate diploma in mgt |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01655115 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AACPN1544J |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dhiraj Poddar |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
001, Springs Island City Centre, (Bombay Dyeing), G. D. Ambedkar Marg, Dadar East, Mumbai-400014, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2016 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01946905 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pramod Kabra |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Planet Godrej, Tower 4, Floor 21, Simplex Mills Compound,
Near Jacobs Circle, Mahalaxmi Mumbai - 400011, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.10.1959 |
||||||||||||||||||||||||||||||||||||
|
Qualification |
CA |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.05.2016 |
||||||||||||||||||||||||||||||||||||
|
Din No.: |
02252403 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAHPK3692F |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Naveen Wadhera |
||||||||||||||||
|
Designation : |
Nominee Director |
||||||||||||||||
|
Address : |
The Garden Flat 6 Roland Gardens London SW73PH GB |
||||||||||||||||
|
Date of Appointment : |
06.05.2016 |
||||||||||||||||
|
Din No.: |
02503164 |
||||||||||||||||
|
DIN No.: |
|
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Jithesh C |
|
Designation : |
Company Secretary |
|
Address : |
Sreejith House, P O Pootharakkal, Cherpu, Thrissur- 680561, Kerala, India |
|
Date of Appointment : |
21.12.2015 |
|
PAN No.: |
AKSPJ5506G |
|
|
|
|
Name : |
CS Natesh K. |
|
Designation : |
Company Secretary |
|
Address : |
#287, 9th Main, 26th Cross, BSK 2nd
Stage, Bangalore – 560070, Karnataka, India |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Chinnaswamy Sunder Raju |
|
1696349 |
|
Argan (Mauritius) Limited, Mauritius |
|
29937430 |
|
TA FVCI Investors Limited, Mauritius |
|
19789538 |
|
Bala Subrahmanyam Malladi |
|
1078360 |
|
Saurabh Mukherjee |
|
209680 |
|
Shefali Mohapatra |
|
149770 |
|
Hosabettu Venkatesh Bhat |
|
149770 |
|
Total |
|
53010897 |
Equity Share Break up (Percentage of Total Equity)
AS ON 14.09.2017
|
Category |
Percentage |
|
Promoters-Individual/Hindu Undivided Family-Indian |
3.20 |
|
Promoters - Body corporate |
93.81 |
|
Public/Other than promoters- Individual/Hindu Undivided Family-Indian |
2.99 |
|
Total |
100.00100z |
BUSINESS DETAILS
|
Line of Business : |
Subject carries on the business of broadband and cable television
distribution services. The Company renders cable distribution services and internet
related services to clients. Cable distribution services include providing
cable services to direct subscribers, local cable operators ('LCO') and sale
of television time slots for advertising. Effective 1 October 2014, the
Company discontinued its cable distribution services and is only rendering
internet related services to clients. (Registered Activity) |
|
|
|
|
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 denied by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountants |
|
Address : |
Maruthi Info Tech Centre, 2nd Floor, 11-12/1 Inner Ring Road, Koramangala, Bangalore - 560071, Karnataka, India |
|
PAN No: |
AADFB6889R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Beneficial
share holder represented
by IVF Trustee Company Private
Limited (AS ON 31.03.2016): |
|
|
|
|
|
Subsidiary company upto 25 September 2014. Associate company from 26 September 2014
(AS ON 31.03.2016): |
|
|
|
|
|
Subsidiary company upto 25 September 2014. Associate company from
26 September 2014 (AS ON 31.03.2016): |
|
|
|
|
|
Subsidiary company
(AS ON 31.03.2016): |
|
|
|
|
|
Step down
Subsidiary (AS ON 31.03.2016): |
|
|
|
|
|
Firm in
which director is a Partner (AS ON
31.03.2016): |
|
|
|
|
|
Subsidiary
company upto 23 September 2014
(AS ON 31.03.2016): |
|
|
|
|
|
Companies
having common directors (AS ON 31.03.2016): |
|
|
|
|
|
Entities
having common control (AS ON 31.03.2016): |
|
|
|
|
|
Note: * Beam Telecom Private Limited, a subsidiary of the Company was merged with the Company by a scheme of merger, appointed date being 1 April 2013, with effect from 23 September 2014, being effective date. |
|
CAPITAL STRUCTURE
AS ON 14.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
INR 10/- each |
INR 600.000 Million |
|
10000000 |
Preference Share |
INR 10/- each |
INR 100.000 Million |
|
|
Total |
|
INR 700.000
Million |
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
53010897 |
Equity Shares |
INR 10/- each |
INR 530.109 Million |
|
|
|
|
|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
INR 10/- each |
INR 600.000 Million |
|
10000000 |
Preference Share |
INR 10/- each |
INR 100.000 Million |
|
|
Total |
|
INR 700.000
Million |
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51944500 |
Equity Shares |
INR 10/- each |
INR 519.445 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
519.445 |
373.796 |
364.588 |
|
(b) Reserves and Surplus |
2814.781 |
444.864 |
(1134.397) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
2070.000 |
2070.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3334.226 |
2888.660 |
1300.191 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2423.256 |
2647.431 |
2020.753 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
19.422 |
320.036 |
51.919 |
|
(d) long-term
provisions |
70.576 |
39.709 |
10.570 |
|
Total Non-current
Liabilities (3) |
2513.254 |
3007.176 |
2083.242 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
47.159 |
42.143 |
382.000 |
|
(b) Trade
payables |
115.138 |
61.214 |
16.760 |
|
(c) Other
current liabilities |
3980.079 |
2334.222 |
814.626 |
|
(d) Short-term provisions |
313.850 |
72.680 |
6.524 |
|
Total Current
Liabilities (4) |
4456.226 |
2510.259 |
1219.910 |
|
|
|
|
|
|
TOTAL |
10303.706 |
8406.095 |
4603.343 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5028.405 |
3801.123 |
1080.506 |
|
(ii)
Intangible Assets |
585.447 |
677.492 |
78.912 |
|
(iii) Tangible assets
capital work-in-progress |
261.373 |
167.144 |
297.475 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
388.421 |
388.421 |
1688.654 |
|
(c) Deferred tax assets (net) |
192.167 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
487.031 |
450.273 |
180.726 |
|
(e) Other
Non-current assets |
175.647 |
509.779 |
159.893 |
|
Total Non-Current
Assets |
7118.491 |
5994.232 |
3486.166 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.244 |
1.180 |
0.780 |
|
(b)
Inventories |
20.700 |
0.000 |
0.000 |
|
(c) Trade
receivables |
41.834 |
62.386 |
33.504 |
|
(d) Cash and
bank balances |
266.980 |
618.017 |
181.817 |
|
(e)
Short-term loans and advances |
2284.441 |
1356.734 |
887.913 |
|
(f) Other
current assets |
570.016 |
373.546 |
13.163 |
|
Total
Current Assets |
3185.215 |
2411.863 |
1117.177 |
|
|
|
|
|
|
TOTAL |
10303.706 |
8406.095 |
4603.343 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
8033.415 |
5323.659 |
864.744 |
|
|
Other Income |
265.732 |
114.859 |
18.914 |
|
|
TOTAL |
8299.147 |
5438.518 |
883.658 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
200.232 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(20.700) |
0.000 |
0.000 |
|
|
Employee benefit expense |
1756.447 |
1341.023 |
294.297 |
|
|
Other expenses |
3107.426 |
2169.054 |
644.216 |
|
|
TOTAL |
5043.405 |
3510.077 |
938.513 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3255.742 |
1928.441 |
(54.855) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
494.857 |
374.456 |
242.269 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
2760.885 |
1553.985 |
(297.124) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1052.407 |
833.378 |
231.522 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1708.478 |
720.607 |
(528.646) |
|
|
|
|
|
|
|
Less |
TAX |
333.696 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1374.782 |
720.607 |
(528.646) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.684 |
1.736 |
NA |
|
|
TOTAL EARNINGS |
1.684 |
1.736 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and spare
parts |
41.081 |
26.033 |
0.000 |
|
|
Capital Goods |
1232.344 |
720.421 |
327.286 |
|
|
TOTAL IMPORTS |
1273.425 |
746.454 |
327.286 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
27.53 |
16.24 |
(15.15) |
|
|
Diluted |
25.12 |
11.25 |
(15.15) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1361.556 |
331.610 |
158.176 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
3926.565 |
2565.009 |
408.637 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
3661.470 |
2515.123 |
386.248 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days (Sundry Debtors /
Income * 365 Days) |
1.90 |
4.28 |
14.14 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
192.03 |
85.33 |
25.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
209.88 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
157.28 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.55 |
0.42 |
-0.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
0.80 |
0.65 |
0.74 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.15 |
1.05 |
1.97 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.34 |
0.87 |
0.94 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.76 |
1.61 |
1.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.58 |
5.15 |
-0.23 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
17.11 |
13.54 |
-61.13 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
13.34 |
8.57 |
-11.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
41.23 |
24.95 |
-40.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets /
Current Liabilities) |
0.71 |
0.96 |
0.92 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.71 |
0.96 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.32 |
0.34 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.38 |
8.08 |
7.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.71 |
0.96 |
0.92 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are 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 |
364.588 |
373.796 |
519.445 |
|
Reserves & Surplus |
(1134.397) |
444.864 |
2814.781 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
2070.000 |
2070.000 |
0.000 |
|
Net
worth |
1300.191 |
2888.660 |
3334.226 |
|
|
|
|
|
|
Long-term borrowings |
2020.753 |
2647.431 |
2423.256 |
|
Short term borrowings |
382.000 |
42.143 |
47.159 |
|
Current maturities of
long-term debts |
158.176 |
331.610 |
1361.556 |
|
Total
borrowings |
2560.929 |
3021.184 |
3831.971 |
|
Debt/Equity
ratio |
1.970 |
1.046 |
1.149 |
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 |
864.744 |
5323.659 |
8033.415 |
|
|
|
515.634 |
50.900 |
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 |
864.744 |
5323.659 |
8033.415 |
|
Profit/ (Loss) |
(528.646) |
720.607 |
1374.782 |
|
|
(61.13
%) |
13.54
% |
17.11
% |
ABRIDGED BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
519.445 |
373.796 |
|
(b) Reserves & Surplus |
|
2619.845 |
364.447 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
2070.000 |
|
Minority interest |
|
144.296 |
137.689 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3283.586 |
2945.932 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2423.256 |
2647.431 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
8.740 |
|
(c) Other long term
liabilities |
|
259.839 |
382.348 |
|
(d) long-term provisions |
|
73.202 |
41.664 |
|
Total
Non-current Liabilities (3) |
|
2756.297 |
3080.183 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
47.159 |
42.143 |
|
(b) Trade payables |
|
234.537 |
136.168 |
|
(c) Other current liabilities |
|
4276.854 |
2442.760 |
|
(d) Short-term provisions |
|
370.737 |
76.644 |
|
Total
Current Liabilities (4) |
|
4929.287 |
2697.715 |
|
|
|
|
|
|
TOTAL |
|
10969.170 |
8723.830 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5958.247 |
4186.213 |
|
(ii) Intangible Assets |
|
841.559 |
933.780 |
|
(iii) Capital work-in-progress |
|
496.915 |
315.842 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
253.854 |
229.025 |
|
(c) Deferred tax assets (net) |
|
215.946 |
0.231 |
|
(d) Long-term Loan and Advances |
|
658.833 |
549.613 |
|
(e) Other Non-current assets |
|
175.703 |
509.890 |
|
Total
Non-Current Assets |
|
8601.057 |
6724.594 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
2.919 |
2.774 |
|
(b) Inventories |
|
28.705 |
2.483 |
|
(c) Trade receivables |
|
119.886 |
75.443 |
|
(d) Cash and cash equivalents |
|
311.848 |
690.488 |
|
(e) Short-term loans and
advances |
|
1472.376 |
879.302 |
|
(f) Other current assets |
|
432.379 |
348.746 |
|
Total
Current Assets |
|
2368.113 |
1999.236 |
|
|
|
|
|
|
TOTAL |
|
10969.170 |
8723.830 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
8594.589 |
5941.899 |
|
|
Other Income |
|
142.241 |
226.371 |
|
|
TOTAL
|
|
8736.830 |
6168.270 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
212.928 |
2.483 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(26.222) |
(2.483) |
|
|
Employees benefits expense |
|
1809.088 |
1402.817 |
|
|
Other expenses |
|
3473.620 |
2681.772 |
|
|
TOTAL
|
|
5469.414 |
4084.589 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
3267.416 |
2083.681 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
499.069 |
375.088 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
2768.347 |
1708.593 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
1167.864 |
933.817 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
1600.483 |
774.776 |
|
|
|
|
|
|
|
Less |
TAX |
|
344.261 |
14.470 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD BEFORE MINORITY INTEREST |
|
1256.222 |
760.306 |
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
(5.809) |
(19.137) |
|
|
|
|
|
|
|
|
SHARE
OF PROFIT (LOSS) OF ASSOCIATES |
|
11.790 |
(0.138) |
|
|
|
|
|
|
|
|
|
Total profit (loss) for period |
|
1262.203 |
741.031 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
|
|
Basic |
|
25.31 |
16.80 |
|
|
Diluted |
|
23.10 |
11.64 |
LEGAL CASE
|
ADDL. CITY CIVIL
and SESSIONS JUDGES, MAYO HALL AND FTC, MAYOHALL Case Details Case Type: O.S.
CASE STATUS First Hearing
Date: 04th January 2018 Petitioner and Advocate
1) S.M.D
Communications Rep by Jayalakshmi
Respondent
and Advocate
1)
Atria Convergence Technologies Private Limited Acts
History
of Case Hearing
|
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 |
No |
|
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 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY OVERVIEW
Subject carries on
the business of broadband and cable television distribution services. The
Company is a subsidiary of India Value Fund III-A, being the beneficial
shareholder of the Company, while IVF Trustee Company Private Limited is the
Trustee of India Value Fund III-A holding the shares of the Company.
The Company
renders cable distribution services and internet related services to clients.
Cable distribution services include providing cable services to direct
subscribers, local cable operators ('LCO') and sale of television time slots
for advertising. Effective 1 October 2014, the Company discontinued its cable
distribution services and is only rendering internet related services to
clients.
With effect from 1
April 2013, Beam Telecom Private Limited ('Beam'), a private limited company
incorporated under the Companies Act, 1956 with its registered office in
Hyderabad, India has been merged with Atria Convergence Technologies Private
Limited. The Scheme of Amalgamation (the Scheme) was approved for merger by the
Hon’ble High Court of judicature at Bangalore vide its order dated 26 June 2014
and by the Hon’ble High Court of judicature at Hyderabad vide their Order dated
21 July 2014. The Scheme has become effective on 23 September 2014.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G59899849 |
100094233 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
08/03/2017 |
28/08/2017 |
- |
2000000000.0 |
ASIAN BUILDING,
GROUND FLOOR, 17, R. KAMANI MARGBALLARD ESTATE, MUMBAIMUMBAIMH400001IN |
|
2 |
G04329306 |
100028782 |
THE FEDERAL BANK
LTD |
18/03/2016 |
- |
- |
1000000000.0 |
KORAMANGALA
BRANCH, NO.820, 20TH MAIN,GOLDEN HOUSE, 8TH BLOCK, KORAMANGALABANGALOREKA560095IN |
|
3 |
G30970123 |
100025375 |
INDUSIND BANK LTD. |
18/03/2016 |
29/06/2016 |
- |
650000000.0 |
2401 GEN THIMMAYYA
ROADCONTONMENTPUNEMA411001IN |
|
4 |
G04173787 |
10598563 |
HDFC BANK LIMITED |
28/09/2015 |
18/03/2016 |
- |
1000000000.0 |
HDFC BANK
HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WMUMBAIMH400013IN |
|
5 |
C55842876 |
10573678 |
HDFC BANK LIMITED |
29/04/2015 |
- |
- |
500000000.0 |
SALCO
CENTRERICHMOND ROADBANGALOREKA560025IN |
|
6 |
C57496077 |
10474088 |
HDFC BANK LIMITED |
27/12/2013 |
07/05/2015 |
- |
350000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL WMUMBAIMH400013IN |
|
7 |
C57497638 |
10468568 |
HDFC BANK LIMITED |
11/11/2013 |
07/05/2015 |
- |
150000000.0 |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL WMUMBAIMH400013IN |
|
8 |
A56739204 |
10142717 |
HDFC BANK LIMITED |
05/02/2009 |
- |
- |
260000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
B40828147 |
10085181 |
HDFC BANK LIMITED |
09/01/2008 |
29/05/2012 |
- |
365032000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
G73787806 |
10496144 |
INDUSIND BANK LTD. |
13/02/2014 |
- |
09/01/2018 |
500000000.0 |
2401 GEN THIMMAYYA
ROADCONTONMENTPUNEMH411001IN |
FIXED ASSETS:
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
Intangible assets
- Goodwill
- Computer software
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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.