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|
|
MIRA
INFORM REPORT
|
Report No. : |
495830 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
SOKRATI TECHNOLOGIES PRIVATE LIMITED
(w.e.f. 02.04.2013) |
|
|
|
|
Formerly known
as : |
BOGOLIK SOFTWARE SOLUTIONS PRIVATE LIMITED |
|
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Registered
Office : |
S.N.35/2/1/3&4, Deep Complex, Above Renault Showroom 1st Floor, Pune-Bangalore Highway, Baner, Pune – 411045, Maharashtra |
|
Tel. No.: |
91-20-66250000 |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
19.03.2009 |
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Com. Reg. No.: |
11-145012 |
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Capital
Investment / Paid-up Capital : |
INR 3.358 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200PN2009PTC145012 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AADCB7407Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Subject is engaged in the business of online digital marketing. (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)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2009. Management has failed to file its financials with the Registrar of
Companies Act for the FY 2017. For the financial year 2016, the company has achieved revenue growth
of 60.63% as compared to the previous year but has incurred operational loss.
The sound financial risk profile of the company is marked by adequate
net worth base along with negligible debt balance sheet profile due to
unsecured debt balance sheet profile. 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. |
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 06.03.2018
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 BY
|
Name : |
Mr. Ashish |
|
Designation : |
Director |
|
Contact No.: |
91-20-66250000 |
|
Date : |
05.03.2018 |
Tel. No.: 91-20-66250000 - Ringing
LOCATIONS
|
Registered Office : |
S.N.35/2/1/3&4, Deep Complex, Above Renault Showroom 1st Floor, Pune-Bangalore Highway, Baner, Pune – 411045, Maharashtra, India |
|
Tel. No.: |
91-20-66250000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ashish Bhasin |
|
Designation : |
Director |
|
Address : |
151-I, Maker Towers, G.D. Somani Marg Cuffe Parade, Mumbai
– 400005, Maharashtra, India |
|
Date of Appointment : |
28.07.2017 |
|
DIN No.: |
00005493 |
|
|
|
|
Name : |
Mr. Anand Sharad Bhadkamkar |
|
Designation : |
Director |
|
Address : |
G-2202, Oberoi Splendor, JVLR Andheri East, Mumbai -
400060, Maharashtra, India |
|
Date of Appointment : |
28.07.2017 |
|
DIN No.: |
02415481 |
|
|
|
|
Name : |
Mr. Ashish Rajendrakumar Mehta |
|
Designation : |
Director |
|
Address : |
B 2 10, Jawahar Darshan Society, Manpada Road, Dombivli
East, Mumbai -421201, Maharashtra, India |
|
Date of Birth/Age : |
03.11.1979 |
|
Date of Appointment : |
18.09.2009 |
|
DIN No.: |
02777604 |
|
|
|
|
Name : |
Mr. Anubhav Sonthalia |
|
Designation : |
Director |
|
Address : |
315 / 6974, R N Narkar Marg, Ghatkopar (East), Mumbai –
400027, Maharashtra, India |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
02777632 |
|
|
|
|
Name : |
Mr. Santosh Kumar Gannavarapu |
|
Designation : |
Director |
|
Address : |
3 - 306, Divya Shakti Apartment, Ameerpet, Hyderabad –
500016, Telangana, India |
|
Date of Birth/Age : |
06.09.1977 |
|
Date of Appointment : |
29.04.2010 |
|
DIN No.: |
03048854 |
|
|
|
|
Name : |
Nicholas James Latta Tomlinson |
|
Designation : |
Director |
|
Address : |
12 Farrer Road, #09-10 Signapore 268824 |
|
Date of Appointment : |
28.07.2017 |
|
DIN No.: |
03606426 |
|
|
|
|
Name : |
Zhengda Shen |
|
Designation : |
Additional Director |
|
Address : |
4273 Buckskin Wood Dr. Ellicott City Maryland 21042 United
State |
|
Date of Appointment : |
21.08.2017 |
|
DIN No.: |
07908570 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ashish Rajendrakumar Mehta |
|
212010 |
|
Anubhav Sonthalia |
|
212010 |
|
Santosh Kumar Gannavarapu |
|
212010 |
|
Inventus Capital Partners (Mauritius) Limited |
|
8703 |
|
Inventus Capital Partners (Mauritius) Limited |
|
117 |
|
IL&FS Trust Company Limited, Trustee of IvyCap Ventures Trust Fund
- I |
|
540 |
|
Rashmi Babaria |
|
1765 |
|
Shweta Agarwal |
|
4250 |
|
Pratik Maru |
|
125 |
|
Aditya Jagtap |
|
125 |
|
Total |
|
651655 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Inventus Capital Partners (Mauritius) Limited (Series A) |
|
252391 |
|
Inventus Capital Partners (Mauritius) Limited (Series B) |
|
43703 |
|
IL&FS Trust Company Limited, Trustee of IvyCap Ventures Trust Fund
– I (Series B) |
|
201707 |
|
Total |
|
497801 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
97.60 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
0.96 |
|
Public – Foreign Institutional
Investors |
1.35 |
|
Public – Others Trust |
0.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in the business of online digital marketing. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
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Name : |
B S R and Associates LLP Chartered Accountants |
|
Address : |
701 and 703, 7th Floor, Godraj Castlemaine, Next To Ruby Hall Clinic, Bund Garden Road, Pune-4110014, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB6889R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
U72900PN2013PTC148735
U74900PN2014PTC152287 |
CAPITAL STRUCTURE
After 30.09.2016
Authorised Capital : INR 3.910 Million
Issued, Subscribed & Paid-up Capital : INR 1.133 Million
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 1/- each |
INR 1.000 Million |
|
260000 |
Preference Shares (A Series) |
INR 1/- each |
INR 0.260 Million |
|
250000 |
Preference Shares (B Series) |
INR 10/- each |
INR 2.500 Million |
|
|
Total |
|
INR 3.760
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
651655 |
Equity Shares |
INR 1/- each |
INR 0.652 Million |
|
252391 |
Preference Shares (A Series) |
INR 1/- each |
INR 0.252 Million |
|
245410 |
Preference Shares (B Series) |
INR 10/- each |
INR 2.454 Million |
|
|
Total |
|
INR 3.358 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.358 |
3.358 |
0.903 |
|
(b) Reserves & Surplus |
216.857 |
265.362 |
30.320 |
|
(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) |
220.215 |
268.720 |
31.223 |
|
|
|
|
|
|
(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 |
5.541 |
3.584 |
1.983 |
|
Total
Non-current Liabilities (3) |
5.541 |
3.584 |
1.983 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.006 |
0.007 |
6.989 |
|
(b) Trade payables |
180.232 |
154.427 |
87.555 |
|
(c) Other current liabilities |
23.280 |
23.629 |
5.706 |
|
(d) Short-term provisions |
0.363 |
0.244 |
0.037 |
|
Total
Current Liabilities (4) |
203.881 |
178.307 |
100.287 |
|
|
|
|
|
|
TOTAL |
429.637 |
450.611 |
133.493 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.909 |
5.686 |
5.090 |
|
(ii) Intangible Assets |
0.852 |
2.429 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.525 |
0.292 |
4.048 |
|
(b) Non-current Investments |
0.383 |
0.383 |
0.283 |
|
(c) Deferred tax assets (net) |
2.948 |
7.201 |
5.379 |
|
(d) Long-term Loan and Advances |
78.889 |
54.113 |
0.429 |
|
(e) Other Non-current assets |
0.129 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
92.635 |
70.104 |
15.229 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
164.513 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
151.804 |
136.446 |
60.879 |
|
(d) Cash and cash equivalents |
178.774 |
78.326 |
17.282 |
|
(e) Short-term loans and
advances |
6.424 |
1.222 |
0.004 |
|
(f) Other current assets |
0.000 |
0.000 |
40.099 |
|
Total
Current Assets |
337.002 |
380.507 |
118.264 |
|
|
|
|
|
|
TOTAL |
429.637 |
450.611 |
133.493 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1134.668 |
706.399 |
259.500 |
|
|
Other Income |
20.583 |
4.116 |
2.753 |
|
|
TOTAL
|
1155.251 |
710.515 |
262.253 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
907.704 |
577.444 |
193.857 |
|
|
Employees benefits expense |
204.433 |
90.646 |
61.693 |
|
|
Other expenses |
87.466 |
19.973 |
11.711 |
|
|
TOTAL |
1199.603 |
688.063 |
267.261 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(44.352) |
22.452 |
(5.008) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.040 |
0.117 |
0.189 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(46.392) |
22.335 |
(5.197) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.273 |
4.816 |
1.581 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(53.665) |
17.519 |
(6.778) |
|
|
|
|
|
|
|
Less |
TAX |
3.409 |
(0.978) |
(3.063) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(57.074) |
18.497 |
(3.715) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.801 |
(17.696) |
(13.981) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(56.273) |
0.801 |
(17.696) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
87.58 |
28.41 |
(5.71) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
NA |
|
Net cash flows from (used in) operations |
(49.629) |
40.902 |
(5.198) |
|
Net cash flows from (used in) operating activities |
(72.470) |
12.896 |
(8.789) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
48.83 |
70.50 |
85.63 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.47 |
5.18 |
4.26 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
72.47 |
97.61 |
164.85 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(4.31) |
2.67 |
(0.55) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.47 |
0.40 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.93 |
0.66 |
3.21 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.05 |
0.03 |
0.29 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(21.74) |
191.90 |
(26.50) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(5.03) |
2.62 |
(1.43) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets)
* 100) |
% |
(13.28) |
4.10 |
(2.78) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(25.92) |
6.88 |
(11.90) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.65 |
2.13 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.65 |
2.13 |
1.18 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.51 |
0.60 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
7.74 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.65 |
2.13 |
1.18 |
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 |
0.903 |
3.358 |
3.358 |
|
Reserves & Surplus |
30.320 |
265.362 |
216.857 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
31.223 |
268.720 |
220.215 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
6.989 |
0.007 |
0.006 |
|
Total
borrowings |
6.989 |
0.007 |
0.006 |
|
Debt/Equity
ratio |
0.224 |
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
|
259.500 |
706.399 |
1134.668 |
|
|
|
172.215 |
60.627 |
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
|
259.500 |
706.399 |
1134.668 |
|
Profit
/ (Loss) |
(3.715) |
18.497 |
(57.074) |
|
|
(1.43%) |
2.62% |
(5.03%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
COMPANY OVERVIEW
Subject ('the Company') is a private limited company incorporated on 19 March 2009 under the provisions of the Companies Act, 1956. The Company is engaged in the business of managing online media.
RESULTS OF OPERATIONS
AND THE STATE OF COMPANY'S AFFAIRS:
During the year, the Company earned a total income of INR 1155.252 Million as compared to the total income of INR 710.515 Million earned during the previous year.
After charging all expenses and taxes, the Company has incurred a loss of INR 57.074 Million during the year as against the profit of INR 18.497 Million earned during the previous year.
The directors are making all efforts to improve the performance of the Company and are hopeful of better working in the current year.
BUSINESS ACTIVITIES:
Turnover of the company has increased compared to last year with break-through in the market. Company is in growing stage and as such due to increase in operating and human resource costs, loss has been incurred. However they are hopeful to achieve better results in forthcoming year based on inquiries.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
0.006 |
0.007 |
|
|
|
|
|
Total |
0.006 |
0.007 |
INDEX OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G15308000 |
10512037 |
Citi Bank N.A. |
30/05/2014 |
- |
22/09/2016 |
10000000.0 |
First International Financial Centre, 9th Floor, Plot No. C-54&55, G-Block, BKC, Bandra (East), Mumbai – 400051, Maharashtra, India |
FIXED ASSETS
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipments
- 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 65.22 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 79.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLK |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
SUJ |
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.