|
|
|
MIRA INFORM REPORT
|
Report No. : |
497540 |
|
Report Date : |
14.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
WIZCRAFT INTERNATIONAL ENTERTAINMENT
PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Satyadev Plaza, 5th Floor, Fun Republic Lane, Off New Link
Road, Andheri (West), Mumbai - 400053, Maharashtra |
|
Tel. No.: |
91-22-42001400 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
05.05.1997 |
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|
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Com. Reg. No.: |
11-107787 |
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Capital
Investment / Paid-up Capital : |
INR 29.066 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U92100MH1997PTC107787 |
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|
|
|
IEC No.: [Import-Export Code No.] |
0300049030 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMW01529D |
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|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AAACW1931D |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of organising and executing entertainment based events, shows, concerts etc. It is also engaged in business of Theaterical and Television Production [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 : |
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 1997 and it is engaged in business
of organizing and executing entertainment based events, shows, concerts etc.
The company is also in business of television production. For the financial year 2017, the revenue of the company has increased
by 8.31% along with low profit margin of 0.76%. Rating continue to derive strength from company’s established track
record of business operations marked by its healthy financial base along with
adequate net worth position and satisfactory debt coverage indicators. Rating takes into consideration equity infused by its promote4rs. However, rating strength is partially offset by exposure to group
companies including guarantees extended to entities marked by working capital
intensive operation and high receivables due to seasonality of the business. Trade relations are reported as fair. Business is active. Payment
seems to be regular. In view of aforesaid, the company can be considered for good for
normal 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 |
BRICKSWORKS |
|
Rating |
Fund Based = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
18.04.2017 |
|
Rating Agency Name |
BRICKSWORKS |
|
Rating |
Non Fund Based = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
18.04.2017 |
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 14.03.2018.
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 [Tel. No.: 91-22-42001500]
LOCATIONS
|
Registered Office : |
Satyadev Plaza, 5th Floor, Fun Republic Lane, Off New Link
Road, Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Tel. No.: |
91-22-42001400 |
|
Fax No.: |
91-22-42001500 |
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E-Mail : |
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Website : |
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West Zone: |
705, 7th Floor, Safal Prelude, Corporate Road, Off S G Highway, Prahladnagar, Ahmedabad – 380015, Gujarat, India |
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North Zone: |
Plot No. 8, Sector – 32,
Urban Estate, Gurugram – 122001, India |
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South Zone: |
Located at
|
DIRECTORS
As on 31.03.2017
|
Name : |
Utsav Parekh |
|
Designation : |
Nominee Director |
|
Address : |
2/3 Sarat Bose Road, P.O. Elgin Road, Kolkata – 700020, West Bengal, India |
|
Date of Appointment : |
15.11.2016 |
|
Din No.: |
00027642 |
|
|
|
|
Name : |
Mr. Viraf Keki Sarkari |
|
Designation : |
Director |
|
Address : |
1, Sabnosh, Next to Agha Khan Society, Off Yari Road, Lane of Amamath to Versova, Andheri (West), Mumbai – 400061, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1962 |
|
Date of Appointment : |
05.05.1997 |
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Din No.: |
01304189 |
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PAN No.: |
ABYPS0214P |
|
|
|
|
Name : |
Mr. Sabbas Winfred Joseph |
|
Designation : |
Director |
|
Address : |
A-201 Swati, Panch Marg, Off. Yari Road, Andheri West, Mumbai - 400061, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1961 |
|
Date of Appointment : |
05.05.1997 |
|
Din No.: |
01374840 |
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PAN No.: |
AFLPJ9458B |
|
|
|
|
Name : |
Mr. Andre Timmins |
|
Designation : |
Director |
|
Address : |
7, Nandan Villa, Model Town Co-Operative Housing Society,
Gulmore Lane No.10, Juhu Scheme, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Appointment : |
05.05.1997 |
|
DIN No.: |
01374914 |
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|
|
|
Name : |
Mr. Praveen Sharma |
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Designation : |
Director |
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Address : |
C-123, Ashok Vihar, Phase-I, New Delhi - 110052, India |
|
Date of Birth/Age : |
15.09.1960 |
|
Date of Appointment : |
08.07.2010 |
|
Din No.: |
01573299 |
KEY EXECUTIVES
|
Name : |
Mr. Kavita Parikh |
|
Designation : |
Company Secretary |
|
Address : |
405, Gautam Apartments, Namrsing Lane, Malad (West), Mumbai - 400064,
Maharashtra, India |
|
Date of Birth/Age : |
09.06.1986 |
|
Date of Appointment : |
17.01.2011 |
|
Pan No.: |
AOSPP3601E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Andre Leslie Timmins |
|
562500 |
|
Viraf Keki Sarkari |
|
562500 |
|
Sabbas Winifred Vincent Joseph |
|
562500 |
|
Lustre Industries Private Limited |
|
562400 |
|
Lustre Industries Private Limited |
|
100 |
|
Concordia IT Corporation |
|
86700 |
|
DSP Investment Private Limited |
|
11100 |
|
K R Bharat |
|
6600 |
|
Aquarius Ventures Pte Limited |
|
444538 |
|
Dinesh Laxminarayan Kumar |
|
8663 |
|
Zarif Idris Tapia |
|
990 |
|
Pushkaraj Vasant Vartak |
|
3465 |
|
Simon Thomas Caszo |
|
310 |
|
Murali Damodar Rao |
|
1084 |
|
Basheer Ahmed |
|
1084 |
|
Niyati Janak Vora |
|
2475 |
|
Rohit Baby Samuel |
|
774 |
|
Ajay Kumar Gaurishankar Kayan |
|
88850 |
|
|
|
|
|
Total |
|
2906633 |
Equity Share Break up (Percentage of Total Equity)
As on 30.11.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
58.06 |
|
Public – (Individual/ Hindu
Undivided Family – Indian) |
3.93 |
|
Public – Venture Capital |
15.29 |
|
Public - Bodies corporate |
19.73 |
|
Public – Others |
2.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of organising and executing
entertainment based events, shows, concerts etc. It is also engaged in business
of Theaterical and Television Production [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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Facilities : |
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Auditors 1: |
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|
Name : |
Snehal and Associates Chartered Accountants |
|
Address : |
5/A New Hari Nivas, 1st Floor, Dattatray Road, Near Juhu Garden, Santacruz-West, Mumbai -400054, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFPS6799B |
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Auditors 2: |
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|
Name : |
Suresh Surana and Associates LLP Chartered Accountants |
|
Address : |
308-309 3rd Floor A Wing, Technopolis Knowledge Park, Mahakali Caves Road, Andheri East, Mumbai – 400093, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACLFS1562L |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate : |
Performance Audio India Private Limited U92100MH1999PTC120800 |
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Subsidiaries : |
U93000MH2014PTC252662
U93030MH2012PTC231866
U51500MH2000PTC123554
U74210MH1999PTC118145
U74999MH2016PTC274447
U74999MH2009PTC197976
U93030MH2013PTC239837
U92190DL2007PTC168336
U93030MH2012PTC234900 |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Wizcraft International Private Limited, Sri Lanka |
CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR 33.000 Million
Issued, Subscribed & Paid-up Capital : INR 29.070
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3300000 |
Equity Shares |
INR 10/- each |
INR 33.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2906633 |
Equity Shares |
INR 10/- each |
INR 29.066
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
29.066 |
28.986 |
28.932 |
|
(b) Reserves &
Surplus |
1458.985 |
1434.476 |
1364.649 |
|
(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) |
1488.051 |
1463.462 |
1393.581 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
7.093 |
2.757 |
3.216 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
100.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
20.080 |
16.625 |
15.011 |
|
Total Non-current
Liabilities (3) |
127.173 |
19.382 |
18.227 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
525.331 |
389.803 |
430.783 |
|
(b) Trade payables |
768.644 |
614.348 |
322.248 |
|
(c) Other current
liabilities |
159.730 |
101.335 |
232.682 |
|
(d) Short-term provisions |
1.341 |
1.059 |
0.916 |
|
Total Current Liabilities
(4) |
1455.046 |
1106.545 |
986.629 |
|
|
|
|
|
|
TOTAL |
3070.270 |
2589.389 |
2398.437 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
123.247 |
117.880 |
130.820 |
|
(ii) Intangible Assets |
5.954 |
8.388 |
12.448 |
|
(iii) 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 |
416.647 |
489.861 |
490.678 |
|
(c) Deferred tax assets
(net) |
8.329 |
13.421 |
3.577 |
|
(d) Long-term Loan and Advances |
49.233 |
69.905 |
39.367 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.019 |
|
Total Non-Current Assets |
603.410 |
699.455 |
676.909 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
738.646 |
639.590 |
494.439 |
|
(c) Trade receivables |
1322.194 |
912.336 |
907.179 |
|
(d) Cash and cash equivalents |
33.090 |
31.285 |
39.056 |
|
(e) Short-term loans and
advances |
354.929 |
290.371 |
248.034 |
|
(f) Other current assets |
18.001 |
16.352 |
32.820 |
|
Total Current Assets |
2466.860 |
1889.934 |
1721.528 |
|
|
|
|
|
|
TOTAL |
3070.270 |
2589.389 |
2398.437 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
3473.301 |
3206.631 |
2378.805 |
|
|
Other Income |
8.922 |
6.598 |
5.353 |
|
|
TOTAL |
3482.223 |
3213.229 |
2384.158 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2752.973 |
2656.987 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(99.056) |
(145.151) |
(64.607) |
|
|
Employees benefits
expense |
382.012 |
324.277 |
303.368 |
|
|
CSR Expenditure |
0.447 |
0.000 |
0.000 |
|
|
Other expenses |
219.150 |
182.996 |
1889.278 |
|
|
Exceptional Items |
63.000 |
0.000 |
-0.022 |
|
|
TOTAL |
3318.526 |
3019.109 |
2128.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
163.697 |
194.120 |
256.141 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
65.979 |
62.784 |
71.199 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
97.718 |
131.336 |
184.942 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
23.379 |
29.140 |
42.901 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
74.339 |
102.196 |
142.041 |
|
|
|
|
|
|
|
Less |
TAX |
47.917 |
35.656 |
44.088 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
26.422 |
66.540 |
97.953 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
9.11 |
22.99 |
33.86 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
4.174 |
1.839 |
1.444 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(33.117) |
210.776 |
146.434 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
138.95 |
103.85 |
139.20 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.63 |
3.51 |
2.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
101.91 |
84.40 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.22 |
0.30 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.27 |
1.54 |
1.79 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.48 |
0.43 |
0.41 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.36 |
0.27 |
0.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.98 |
0.76 |
0.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.09 |
0.09 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.48 |
3.09 |
3.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.76 |
2.08 |
4.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.86 |
2.57 |
4.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.78 |
4.55 |
7.03 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.70 |
1.71 |
1.74 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.19 |
1.13 |
1.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.48 |
0.57 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
18.32 |
13.54 |
15.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.70 |
1.71 |
1.74 |
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 |
28.932 |
28.986 |
29.066 |
|
Reserves & Surplus |
1364.649 |
1434.476 |
1458.985 |
|
Net worth |
1393.581 |
1463.462 |
1488.051 |
|
|
|
|
|
|
long-term borrowings |
3.216 |
2.757 |
7.093 |
|
Short term borrowings |
430.783 |
389.803 |
525.331 |
|
Current Maturities of
Long term debt |
1.444 |
1.839 |
4.174 |
|
Total borrowings |
435.443 |
394.399 |
536.598 |
|
Debt/Equity ratio |
0.312 |
0.269 |
0.361 |
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 |
2378.805 |
3206.631 |
3473.301 |
|
|
|
34.800 |
8.316 |
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 |
2378.805 |
3206.631 |
3473.301 |
|
Profit |
97.953 |
66.540 |
26.422 |
|
|
4.12% |
2.08% |
0.76% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
29.066 |
28.985 |
|
(b) Reserves &
Surplus |
|
1557.211 |
1515.552 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Minority Interest |
|
14.281 |
10.891 |
|
Total Shareholders’ Funds
(1) + (2) |
|
1600.558 |
1555.428 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
107.183 |
10.784 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
23.182 |
18.129 |
|
Total Non-current
Liabilities (3) |
|
130.365 |
28.913 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
525.331 |
466.894 |
|
(b) Trade payables |
|
1023.222 |
599.579 |
|
(c) Other current
liabilities |
|
193.664 |
192.210 |
|
(d) Short-term provisions |
|
6.426 |
4.011 |
|
Total Current Liabilities
(4) |
|
1748.643 |
1262.694 |
|
|
|
|
|
|
TOTAL |
|
3479.566 |
2847.035 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
227.736 |
215.879 |
|
(ii) Intangible Assets |
|
51.427 |
53.877 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.055 |
|
(iv) Intangible assets
under development |
|
0.215 |
0.215 |
|
(b) Non-current
Investments |
|
274.966 |
438.735 |
|
(c) Deferred tax assets
(net) |
|
4.233 |
9.594 |
|
(d) Long-term Loan and Advances |
|
56.365 |
75.915 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
614.942 |
794.270 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
738.646 |
639.590 |
|
(c) Trade receivables |
|
1545.883 |
925.458 |
|
(d) Cash and cash
equivalents |
|
133.760 |
155.606 |
|
(e) Short-term loans and
advances |
|
427.673 |
314.735 |
|
(f) Other current assets |
|
18.662 |
17.376 |
|
Total Current Assets |
|
2864.624 |
2052.765 |
|
|
|
|
|
|
TOTAL |
|
3479.566 |
2847.035 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
4360.118 |
3651.247 |
|
|
Other Income |
|
9.865 |
22.805 |
|
|
TOTAL |
|
4369.983 |
3674.052 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3261.931 |
2953.662 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(99.056) |
(145.151) |
|
|
Employees benefits
expense |
|
554.320 |
409.997 |
|
|
CSR Expenditure |
|
0.447 |
0.000 |
|
|
Other expenses |
|
278.864 |
255.601 |
|
|
Exceptional Items |
|
63.000 |
0.000 |
|
|
TOTAL |
|
4059.506 |
3474.109 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
310.477 |
199.943 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
74.875 |
67.581 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
235.602 |
132.362 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
35.891 |
42.316 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
199.711 |
90.046 |
|
|
|
|
|
|
|
Less |
TAX |
|
62.367 |
41.314 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
137.344 |
48.732 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
14.78 |
(1.34) |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 4 Jyoti Wire House 2nd Floor, 23/A Shah Indl. Estate Off, Veera
Desai Road, Andheri West, Mumbai – 400053, Maharashtra, India to the present address w.e.f. 06.01.2009.
CORPORATE INFORMATION
Subject is a Private Limited Company domiciled in India and incorporated under the provisions of Indian Companies Act, 1956. The Company is engaged in business of organising and executing entertainment based events, shows, concerts etc. It is also engaged in business of Theaterical and Television Production. It caters to both domestic as well as international market.
FINANCIAL PERFORMANCE
During the year, the Company earned Revenue of INR 3473.301 Million as compared to INR 3206.631 Million in the previous year. The Company earned a Net profit after tax of INR 26.422 Million during the year (after considering the exceptional items before Tax) as compared to INR 66.540 Million in the previous year.
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G73000523 |
100145264 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
11/12/2017 |
- |
- |
8200000.0 |
Unit 202, 2nd Floor, Campus 3B,RMZ MillenniaBusiness Park, No.143, Dr. M.G.R.Road,PerungudiChennaiTa600096IN |
|
2 |
G63530802 |
100135069 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
29/10/2017 |
- |
- |
2350000.0 |
No. 21 Centropolis, First Floor,5th Cross Langford Road, Shanti NagarBangaloreKa560025IN |
|
3 |
G63499404 |
100135052 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
29/10/2017 |
- |
- |
2350000.0 |
No. 21 Centropolis, First Floor,5th Cross Langford Road, Shanti NagarBangaloreKa560025IN |
|
4 |
G55405633 |
100126154 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
16/09/2017 |
- |
- |
6264000.0 |
TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHa122002IN |
|
5 |
G39742556 |
100086992 |
The Saraswat Co-Operative Bank Limited |
15/03/2017 |
- |
- |
1700000.0 |
Ground Floor, Premier House, Plot No. 38,MIDC, Central Road, Andheri (West)MumbaiMH400093IN |
|
6 |
G33268590 |
100071796 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
30/12/2016 |
- |
- |
870000.0 |
No. 21 Centropolis, First Floor,5th Cross Langford Road, Shanti NagarBangaloreKa560025IN |
|
7 |
G29760618 |
100065836 |
ICICI BANK LIMITED |
19/11/2016 |
- |
- |
2200000.0 |
Bandra Kurla ComplexBandra (East)MumbaiMH400051IN |
|
8 |
G22434112 |
100060421 |
Axis Bank Limited |
27/10/2016 |
- |
- |
874000.0 |
No. 8, Sona Towers, 32nd E Cross,4th T Block, JayanagarBengaluruKA560041IN |
|
9 |
G02278786 |
100022707 |
KOTAK MAHINDRA PRIME LIMITED |
18/04/2016 |
- |
- |
1282360.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
10 |
C79211199 |
10620467 |
Axis Bank Limited |
30/01/2016 |
- |
- |
1424000.0 |
8, Sona Tower,32nd 'E' Cross,4th 'T' Block, JayanagarBengaluruKA560041IN |
FIXED ASSETS
- Building
- Office
Building
- Furniture and
Fixture
- Vehicles
- Motor
Vehicles
- Office
Equipment
- Computer
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 64.96 |
|
|
1 |
INR 90.23 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYO |
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.