|
|
|
MIRA INFORM REPORT
|
Report No. : |
495647 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
KNIGHT RIDERS SPORTS PRIVATE LIMITED [w.e.f.26.03.2008] |
|
|
|
|
Formerly Known
As : |
KNIGHT RIDER SPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Backstage, Plot No.612, 15th Road, Junction of Ramkrishna Mission
Road, Santacruz [West], Mumbai – 400054, Maharashtra |
|
Tel. No.: |
91-22-66699400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
27.02.2008 |
|
|
|
|
Com. Reg. No.: |
11-179508 |
|
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|
|
Capital
Investment / Paid-up Capital : |
INR 200.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92412MH2008PTC179508 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AADCK3118M1ZF |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCK3118M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
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|
|
Line of Business
: |
Subject is engaged in the business of operating and
running Kolkata franchisee of the India Premier League (IPL), a T-20 cricket
tournament governed by The Board of Control for Cricket in India (“BCCI”). [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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2008 and it is engaged in the
business of operating and running Kolkata franchisee of the Indian Premier
League (IPL), a T-20 cricket tournament governed by “The Board of Control for
Cricket in India (BCCI)”. As per financials of March 2017, the company has registered growth of
23.80% in its revenue as compared to its previous year’s revenue and reported
good profit margin of 12.89% under review. Rating take into consideration the company’s satisfactory track record
of business operations, marked by healthy financial risk profile base along
with debt fee balance sheet and good liquidity position. Further, the company has reported earnings per share of INR 9.88
against its face value of INR 10. Payments seems to be regular. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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 05.03.2018
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 (91-22-66699400)
LOCATIONS
|
Registered Office : |
Backstage, Plot No.612, 15th Road, Junction of Ramkrishna Mission Road,
Santacruz
[West], Mumbai – 400054, Maharashtra, India |
|
Tel. No.: |
91-22-66699400/ 66699555 |
|
Fax No.: |
91-22-66699599 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Venkatesh S Mysore |
|
Designation : |
Managing Director |
|
Address : |
The Imperial, North Tower Apartment, 4305 BB, Nakashe Marg,
Tardeo, Mumbai - 400034, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1958 |
|
Qualification: |
MBA In marketing and Finance |
|
Date of Appointment : |
11.10.2010 |
|
DIN No.: |
01401447 |
|
|
|
|
Name : |
Mr. Jay Mahendra Mehta |
|
Designation : |
Director |
|
Address : |
Veer Bhavan , 22-B-G Kher Marg , Malabar Hill, Mumbai
-400006, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1961 |
|
Date of Appointment : |
08.09.2009 |
|
DIN No.: |
00152072 |
|
|
|
|
Name : |
Gauri Shahrukh Khan |
|
Designation : |
Director |
|
Address : |
Mannat - 200/A, BJ Road, Bandstand, Bandra (West), Mumbai
-400050, Maharashtra, India |
|
Date of Birth/Age : |
08.10.1969 |
|
Qualification: |
B Com |
|
Date of Appointment : |
27.02.2008 |
|
DIN No.: |
00780191 |
KEY EXECUTIVES
|
Name : |
Ms. Heema Pithadia |
|
Designation : |
Company Secretary |
|
Address : |
2/B-411, Ostwal Ornate Building, Jesal Park, Bhayandar [East], Mumbai
– 401105, Maharashtra, India |
|
Date of Birth/Age : |
20.10.1981 |
|
Qualification: |
Company Secretary |
|
Date of Appointment : |
08.09.2010 |
|
PAN No.: |
AZWPP3114H |
|
|
|
|
Name : |
Saloni Ganesh |
|
Designation : |
Chief Finance Officer |
|
Address : |
2B-62, Kalpataru Estate, JVLR Andheri East, Mumbai -400093, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1981 |
|
Qualification: |
Chartered Accountant |
|
Date of Appointment : |
01.01.2017 |
|
PAN No.: |
AJPPB6973P |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Shahrukh Shah jointlywith Gauri Shahrukh Khan |
11000000 |
55.00 |
|
The Sea Island Investment Limited, Mauritius |
9000000 |
45.00 |
|
Total |
20000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 19.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
55.00 |
|
Public/Other than promoters - Body corporate |
45.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of operating and
running Kolkata franchisee of the India Premier League (IPL), a T-20 cricket tournament
governed by The Board of Control for Cricket in India (“BCCI”). [Registered Activity] |
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Products / Services
: |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
14th Floor ,The Ruby 29, Senapati Bapat Marg, Dadar-West, Mumbai-400028, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9118A |
|
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|
Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
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|
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|
Related party : |
|
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|
|
|
Enterprises owned
or significantly influenced by director: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
200.000 |
200.000 |
200.000 |
|
(b) Reserves and Surplus |
407.452 |
209.797 |
148.611 |
|
(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) |
607.452 |
409.797 |
348.611 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
2.726 |
3.662 |
|
(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 |
1.877 |
1.450 |
1.165 |
|
Total Non-current
Liabilities (3) |
1.877 |
4.176 |
4.827 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
14.950 |
270.907 |
|
(b) Trade
payables |
6.895 |
2.323 |
7.590 |
|
(c) Other
current liabilities |
62.675 |
53.552 |
22.363 |
|
(d) Short-term
provisions |
0.315 |
0.265 |
0.009 |
|
Total Current
Liabilities (4) |
69.885 |
71.090 |
300.869 |
|
|
|
|
|
|
TOTAL |
679.214 |
485.063 |
654.307 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4.233 |
5.640 |
9.555 |
|
(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 |
0.000 |
|
(c) Deferred tax assets (net) |
3.406 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
372.905 |
358.321 |
318.867 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
380.544 |
363.961 |
328.422 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
55.269 |
0.890 |
0.238 |
|
(d) Cash and
bank balances |
153.798 |
4.511 |
4.354 |
|
(e) Short-term
loans and advances |
89.603 |
115.701 |
321.293 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
298.670 |
121.102 |
325.885 |
|
|
|
|
|
|
TOTAL |
679.214 |
485.063 |
654.307 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1533.526 |
1238.705 |
1687.158 |
|
|
Other Income |
9.065 |
7.581 |
8.543 |
|
|
TOTAL |
1542.591 |
1246.286 |
1695.701 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Employee benefit expense |
57.027 |
42.315 |
47.438 |
|
|
CSR expenditure |
5.000 |
0.120 |
0.500 |
|
|
Other expenses |
1163.701 |
1091.480 |
1421.864 |
|
|
TOTAL |
1225.728 |
1133.915 |
1469.802 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
316.863 |
112.371 |
225.899 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.899 |
7.614 |
8.846 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
306.964 |
104.757 |
217.053 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.330 |
3.974 |
1.707 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
304.634 |
100.783 |
215.346 |
|
|
|
|
|
|
|
Less |
TAX |
106.979 |
39.176 |
73.845 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
197.655 |
61.607 |
141.501 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
9.88 |
3.08 |
7.08 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.937 |
0.842 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
288.562 |
342.874 |
58.995 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
170.041 |
263.744 |
(66.069) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
13.15 |
0.26 |
0.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
27.75 |
1391.80 |
7088.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
74.86 |
19.92 |
23.64 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.10 |
0.15 |
0.47 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.05 |
0.79 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.12 |
0.17 |
0.86 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.01 |
0.01 |
0.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
32.01 |
14.76 |
25.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
12.89 |
4.97 |
8.39 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
29.10 |
12.70 |
21.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
32.54 |
15.03 |
40.59 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.27 |
1.70 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.27 |
1.70 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.89 |
0.84 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.09 |
1.38 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.27 |
1.70 |
1.08 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
148.611 |
209.797 |
407.452 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
348.611 |
409.797 |
607.452 |
|
|
|
|
|
|
Long-term borrowings |
3.662 |
2.726 |
0.000 |
|
Short term borrowings |
270.907 |
14.950 |
0.000 |
|
Current maturities of
long-term debts |
0.842 |
0.937 |
0.000 |
|
Total
borrowings |
275.411 |
18.613 |
0.000 |
|
Debt/Equity
ratio |
0.790 |
0.045 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1687.158 |
1238.705 |
1533.526 |
|
|
|
(26.580) |
23.801 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1687.158 |
1238.705 |
1533.526 |
|
Profit/ (Loss) |
141.501 |
61.607 |
197.655 |
|
|
8.39
% |
4.97
% |
12.89
% |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION
Subject is engaged in the business of operating and running Kolkata franchisee of the India Premier League (IPL), a T-20 cricket tournament governed by The Board of Control for Cricket in India (“BCCI”). The Company has secured Franchise rights from BCCI for forming its cricket team under the brand name ‘Kolkata Knight Riders’ or ‘KKR’. The Company was incorporated on February 27, 2008 in the state of Maharashtra.
THE HIGHLIGHTS OF THE COMPANY’S FINANCIAL
PERFORMANCE ARE AS UNDER:-
The topline of the
Company grew by 23.78 % in the current financial year as compared to the
previous financial year. The net profit before tax and the Earnings per share
for the current financial year were substantially higher as compared to the
previous financial year.
The growth in the
Company’s overall performance is mainly attributed to the league standing of
the Company’s franchise- Kolkata Knight Riders (KKR) during IPL (Indian Premier
League) season 2016. KKR secured the fourth position in the final league
standing in IPL 2016 as compared to the fifth position in the previous IPL
season 2015. Higher league standing resulted in increase in the franchisee’s
share of central rights income from BCCI- IPL and the prize money won by the
team and the Company.
NATURE OF BUSINESS:
Knight Riders
Sports Private Limited (Company) is engaged in the business of operating and
running Kolkata franchisee of the India Premier League (IPL), a T-20 cricket
tournament governed by The Board of Control for Cricket in India (BCCI). The
Company has secured franchise rights from BCCI for forming its cricket team
under the brand name ‘Kolkata Knight Riders’ (KKR). There is no change in the
business of Company during the year.
3. STATE OF THE COMPANY AFFAIRS and OPERATIONAL
PERFORMANCE:
a. Performance of
the Kolkata Knight Riders (KKR) in IPL season 2016
During the
financial year, BCCI-IPL and few other franchisees of the league faced several
legal and governance related issues that adversely affected the reputation of
the league. The Supreme Court of India based on the recommendations of Lodha
committee ordered suspension of two existing teams for two years (i.e IPL 2016
and IPL 2017). BCCI-IPL contracted two new teams in the city of Pune and Rajkot
for these two years to maintain the number of 8 (eight) participating teams in
tournament. This climate of uncertainty and drastic changes led the potential
brands to follow a wait and watch policy which resulted in delay to lock
sponsorship deals for IPL 2016.
During IPL 2016,
KKR played 14 league matches and won 7 of these 14 matches to make it to the
top four teams in the league. KKR qualified to play the Playoffs- Eliminator
with SRH (Sunrisers Hyderabad) in Delhi on May 25, 2016.KKR unfortunately lost
the Eliminator to SRH and couldn’t qualify for the Qualifier 2. The team
performance suffered due to the injury concerns of vital players like Andre
Russell and John Hastings. It was overall a great year for the team and the
Company.
b. Changes in the
Support staff
The following
changes were made by the team management to its support staff post IPL 2015:-
Carl Crowe was appointed as Biomechanics Consultant to assist Sunil
Narine with his bowling action.
Biju George was
appointed as cricket co-ordinator consultant for IPL 2016 and for talent scouting
consultant around the year.
Mark Boucher, a
well-known ex-wicket keeper batsman of South Africa was appointed as wicket
keeping consultant with effect from May 3, 2016 till the end of IPL 2016 to
closely work with Robin Uthappa and Sheldon Jackson.
The Directors
place on record their sincere appreciation for the valuable contribution made
by the aforesaid support staff towards the success of the team and wish them
well in all their future endeavours.
c. Player
retention, Trading and Player auction 2017
Ahead of the IPL
player auctions 2017, the team management extended contracts for 14 players out
of the total squad of 23 players. At the player auctions 2017, held on February
20, 2017 in Bangalore, the management selected 9 players, comprising of fast
bowlers, renowned T20 batsmen and few local and international all-rounders.
d. Business
development
With a view to
expanding and growing their business, Company continued to explore
opportunities for growth not only in cricket but also other sports category. As
a related activity, Company looks to scout talent around the world with a view
to enhancing the performance of its team KKR.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G73871774 |
10417280 |
YES BANK LIMITED |
12/03/2013 |
05/04/2017 |
- |
200000000.0 |
NEHRU CENTRE, 9TH
FLOOR, DISCOVERY OF INDIADR. A.B.ROAD, WORLIMUMBAIMH400018IN |
|
2 |
G73821696 |
10165942 |
YES BANK LIMITED |
23/05/2009 |
05/04/2017 |
- |
100000000.0 |
NEHRU CENTRE, 9TH
FLOOR, DISCOVERY OF INDIADR. A.B.ROAD, WORLIMUMBAIMH400018IN |
|
3 |
G36986222 |
10546586 |
BMW INDIA
FINANCIAL SERVICES PRIVATE LIMITED |
08/09/2014 |
- |
17/02/2017 |
5000000.0 |
DLF CYBER
CITY,PHASE II, BUIDING NO.10TOWER C 14TH FLOOR, GURGAONGURGAONHR122002IN |
|
4 |
B44232023 |
10346159 |
YES BANK LIMITED |
19/03/2012 |
- |
24/07/2012 |
200000000.0 |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
5 |
B20858932 |
10283393 |
YES BANK LIMITED |
06/04/2011 |
- |
14/09/2011 |
200000000.0 |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
6 |
A99482556 |
10217996 |
YES BANK LIMITED |
10/03/2010 |
- |
08/11/2010 |
75000000.0 |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
CONTINGENT
LIABILITIES
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
|
|
|
|
Income tax |
NA |
492.153 |
|
Service tax |
NA |
537.468 |
|
Value added tax |
NA |
92.184 |
|
Amusement
tax |
NA |
11.675 |
|
Total |
NA |
1133.480 |
FIXED ASSETS:
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
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.