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MIRA INFORM REPORT
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Report No. : |
507241 |
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Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
OML ENTERTAINMENT PRIVATE LIMITED |
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Registered
Office : |
242, Floor-G-1, New Mahalaxmi Silk Mill, H L N Marg, Mathurdas Mill
Comp, Lower Parel, Mumbai-400013, Maharashtra |
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Tel. No.: |
91-22-65560893 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
21.11.2008 |
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Com. Reg. No.: |
11-188389 |
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Capital
Investment / Paid-up Capital : |
INR 0.246
Million |
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CIN No.: [Company Identification
No.] |
U92190MH2008PTC188389 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCO1501G1ZZ |
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TIN No.: |
27570920407 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCO1501G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Service Provider of Musical Event Services in Wedding, Musical Events, Offical Part Event, School Party Event (Event Management), etc. [Confirmed by Management] · Subject is engaged in providing support services for organizing entertainment events and brand marketing. [Registered Activity] |
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No. of Employees
: |
75 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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 2008 and it is engaged in providing support for organizing entertainment events and brand marketing. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered a decent growth in its revenue but has reported losses. Rating takes into consideration the company’s continuous losses from its operations along with small capital base and unfavorable gap between its trade payables to its trade receivables. Rating is further constrained on account of absence of company’s latest financials to evaluate risk associated with company. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
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
31-03-2018.
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 07.05.2018.
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 PARTED BY
|
Name : |
Mr. Sudhakar |
|
Designation : |
Finance Head |
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Contact No.: |
91-986915002 |
|
Date : |
04.05.2018 |
LOCATIONS
|
Registered/ Branch Office : |
242, Floor-G-1, New Mahalaxmi Silk Mill, H L N Marg, Mathurdas Mill
Comp, Lower Parel, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-65560893 |
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Mobile No.: |
91-986915002 [Mr. Sudhakar] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
DIRECTORS
AS ON: 2018
|
Name : |
Mr. Rajesh Kamat |
|
Designation : |
Director |
|
Address : |
701, Emiente- I, 17th Road, Cts E/101/B Opp Bhartiya
Bhawan, Khar (West) Mumbai 400052, Maharashtra, India |
|
Date of Appointment : |
16.11.2011 |
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DIN No.: |
00147299 |
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Name : |
Mr. Paul Francis Aiello |
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Designation : |
Director |
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Address : |
7C Bowen Road, Bowen Mansion, 1/F Flat 1 Hong Kong 000000
HK |
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Date of Appointment : |
11.01.2013 |
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DIN No.: |
00523379 |
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Name : |
Mr. Vijay Swaminathan Nair |
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Designation : |
Director |
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Address : |
A-204, Ankur Apartments, Opposite Bangurnagar, Goregaon
(West), Mumbai-400062, Maharashtra, India |
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Date of Appointment : |
21.11.2008 |
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DIN No.: |
02168939 |
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Name : |
Mr. Ajay Swaminathan Nair |
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Designation : |
Director |
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Address : |
A/304, Shivgauri Apts, C H S, Chincholi Bunder Road, Link
Road, Malad (West), Mumbai-400064, Maharashtra, India |
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Date of Birth/Age : |
01.11.1980 |
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Date of Appointment : |
01.06.2010 |
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DIN No.: |
03028843 |
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Name : |
Miten Harish Sampat |
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Designation : |
Director |
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Address : |
2nd Flr, Krishna Apts, 79 A Jain Derasar Marg, Santacruz
(W), Mumbai-400054, Maharashtra, India |
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Date of Appointment : |
07.04.2016 |
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DIN No.: |
05336659 |
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Name : |
Mr. Vivek Himmatlal Raicha |
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Designation : |
Additional Director |
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Address : |
Flat No-2003, B Wing, 20th Flr, Rushi Heights, Riddhi Gardens,
Film City Rd, Malad- E, Mumbai-400097, Maharashtra, India |
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Date of Appointment : |
30.01.2018 |
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DIN No.: |
06369276 |
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Name : |
Mrs. Thejaswi Kolla |
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Designation : |
Additional Director |
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Address : |
D 506, Pinnacle, Vasant Oscar LBS Marg, Mulund (W),
Mumbai-400080, Maharashtra, India |
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Date of Appointment : |
10.11.2017 |
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DIN No.: |
07028716 |
KEY EXECUTIVES
|
Name : |
Mr. Sudhakar |
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Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Swaminathan Nair |
|
3963 |
|
Ajay Swaminathan Nair |
|
3045 |
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Samira Kanwar |
|
193 |
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Shreyas Srinivasan |
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193 |
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Arjun Ravi |
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49 |
|
CA Media Holdings (Mauritius), Mauritius |
|
10104 |
|
Bennett, Coleman and Company Limited (BCCL), India |
|
6775 |
|
Rajesh Kamat |
|
44 |
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Paul Francis Aeillo |
|
43 |
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Jesse Jacobs |
|
43 |
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Mani Ahmadi |
|
29 |
|
Vivek Raicha |
|
29 |
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Jason Bergsman |
|
29 |
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Scott Bromley |
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29 |
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Cho Yi Wong |
|
19 |
|
Stephem Cousineau |
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15 |
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Total |
|
24602 |
AS ON: 31.10.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
29.27 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
1.28 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Foreign national (other than NRI) |
0.84 |
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Public/Other than promoters - Body Corporate |
68.61 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Service Provider of Musical Event Services in Wedding, Musical Events, Offical Part Event, School Party Event (Event Management), etc. [Confirmed by Management] · Subject is engaged in providing support services for organizing entertainment events and brand marketing. [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 : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Advance Payment and Cheque |
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Purchasing : |
Advance Payment and Cheque |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and Others [Direct Customer’s]
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No. of Employees : |
75 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Walker Chandiok and Company LLP Chartered Accountants |
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Address : |
16th Floor, Tower II, Indiabulls Finance Centre, S B Marg, Elphinstone
(W), Mumbai-400013, Maharashtra |
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Tel. No.: |
91-22-66262600 |
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Fax No.: |
91-22-66262601 |
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PAN No.: |
AAAFW4298E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : [Confirmed by Management] |
Graphic India Private Limited |
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Entity having common director : [As on 31.03.2016] |
· OML Digital Production Private Limited · Motherswear Entertainment Private Limited · Bablefish Productions Private Limited · Endemol India Private Limited |
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Subsidiary Company : [As on 31.03.2017] |
Wasteland Entertainment Private Limited [U74120MH2015PTC271160] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
INR 10/- each |
INR 0.300 Million |
|
15500 |
Preference Shares [Compulsorily Convertible Preference Shares] |
INR 10/- each |
INR 0.155 Million |
|
3000 |
Preference Shares [Series B Compulsorily Convertible Preference
Shares] |
INR 15/- each |
INR 0.045 Million |
|
|
Total |
|
INR 0.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24602 |
Equity Shares |
INR 10/- each |
INR 0.246
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 |
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|
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|
(1)Shareholders' Funds |
|
|
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(a) Share Capital |
0.246 |
0.258 |
0.216 |
|
(b) Reserves & Surplus |
47.173 |
151.089 |
148.654 |
|
(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) |
47.419 |
151.347 |
148.870 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
60.000 |
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 |
2.295 |
1.814 |
0.000 |
|
Total
Non-current Liabilities (3) |
62.295 |
1.814 |
0.000 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
122.819 |
52.885 |
14.550 |
|
(c)
Other current liabilities |
90.605 |
66.407 |
34.951 |
|
(d)
Short-term provisions |
0.111 |
0.075 |
5.326 |
|
Total
Current Liabilities (4) |
213.535 |
119.367 |
54.827 |
|
|
|
|
|
|
TOTAL |
323.249 |
272.528 |
203.697 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
23.804 |
15.452 |
17.733 |
|
(ii)
Intangible Assets |
0.352 |
0.456 |
0.827 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
15.923 |
2.011 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
33.849 |
|
(d) Long-term Loan
and Advances |
86.029 |
60.381 |
56.644 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
126.108 |
78.300 |
109.053 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.028 |
0.500 |
|
(b)
Inventories |
0.000 |
0.000 |
2.654 |
|
(c)
Trade receivables |
55.413 |
97.357 |
51.014 |
|
(d)
Cash and cash equivalents |
7.420 |
23.171 |
23.745 |
|
(e)
Short-term loans and advances |
52.044 |
65.576 |
8.402 |
|
(f)
Other current assets |
82.264 |
8.096 |
8.329 |
|
Total
Current Assets |
197.141 |
194.228 |
94.644 |
|
|
|
|
|
|
TOTAL |
323.249 |
272.528 |
203.697 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from sale of tickets sales income (Net) |
104.149 |
179.230 |
118.762 |
|
|
|
Other operating revenue |
765.943 |
440.641 |
370.002 |
|
|
|
Other Income |
0.968 |
1.800 |
6.847 |
|
|
|
TOTAL |
871.060 |
621.671 |
495.611 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
107.744 |
71.774 |
64.535 |
|
|
|
Other expenses |
153.297 |
178.715 |
149.206 |
|
|
|
Direct expenses |
695.473 |
571.755 |
294.394 |
|
|
|
TOTAL |
956.514 |
822.244 |
508.135 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(85.454) |
(200.573) |
(12.524) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.336 |
6.817 |
1.606 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(96.790) |
(207.390) |
(14.130) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.137 |
6.338 |
5.483 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(103.927) |
(213.728) |
(19.613) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
33.849 |
(6.194) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(103.927) |
(247.577) |
(13.419) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale of services |
40.063 |
31.014 |
15.325 |
|
|
TOTAL EARNINGS |
40.063 |
31.014 |
15.325 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(6980.58) |
(19869.78) |
(1138.47) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash used in operating activities |
(35.601) |
(238.421) |
(6.369) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
23.25 |
57.33 |
38.10 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
15.70 |
6.37 |
9.58 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
(4.72) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(2.13) |
(11.19) |
(0.67) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.85 |
0.44 |
0.27 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.27 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.50 |
0.79 |
0.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.85 |
0.12 |
0.12 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(7.54) |
(29.42) |
(7.80) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(11.94) |
(39.94) |
(2.75) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(32.15) |
(90.84) |
(6.59) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(219.17) |
(163.58) |
(9.01) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.92 |
1.63 |
1.73 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.92 |
1.63 |
1.68 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.56 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
243.90 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.92 |
1.63 |
1.73 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are in
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 |
0.216 |
0.258 |
0.246 |
|
Reserves & Surplus |
148.654 |
151.089 |
47.173 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
148.870 |
151.347 |
47.419 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
60.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
60.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
1.265 |
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 |
488.764 |
619.871 |
870.092 |
|
|
|
26.824 |
40.367 |
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 |
488.764 |
619.871 |
870.092 |
|
Profit/ (Loss) |
(13.419) |
(247.577) |
(103.927) |
|
|
(2.75%) |
(39.94%) |
(11.94%) |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G77450765 |
10580048 |
INDUSIND BANK LTD. |
13/07/2015 |
- |
05/02/2018 |
110000000.0 |
4th Floor,OPUS CENTRE, Central RoadOpp. Tunga Paradise, MIDC, Andheri- (E)MumbaiMH400093IN |
|
2 |
G77232155 |
100047514 |
Indusind Bank Limited |
10/06/2016 |
- |
05/02/2018 |
110000000.0 |
Opus Centre, 4th Floor, Opp. Tunga ParadiseMIDC Andheri EastMumbaiMH400093IN |
|
3 |
G77233351 |
100119662 |
INDUSIND BANK LTD. |
26/07/2017 |
- |
05/02/2018 |
150000000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
4 |
G52325099 |
10600641 |
VARDHAMAN PUBLISHERS LTD |
31/10/2015 |
15/06/2017 |
09/08/2017 |
60000000.0 |
THE TIMES OF INDIA BUILDING,DR. DADABHOY NAOROJI ROAD,MUMBAIMa400001IN |
|
5 |
C44389922 |
10502150 |
INDUSIND BANK LTD. |
12/06/2014 |
22/10/2014 |
20/02/2015 |
98000000.0 |
4th Floor, OPUS CENTRE, Central RoadOpp. Tunga Paradise, MIDC, Andheri- (E)MumbaiMH400093IN |
|
6 |
C25020587 |
10462328 |
INDUSIND BANK LTD. |
13/11/2013 |
- |
10/09/2014 |
50000000.0 |
B-10, GOPI CHAMBERS, NEW LINK ROAD,OPP. CITI MALL, ANDHERI(W),MUMBAIMH400053IN |
BACKGROUND [As on
31.03.2016]
Subject is an entertainment services company. It is engaged in providing
support services for organizing entertainment events and brand marketing. It
focuses on reaching the youth market in India through entertainment properties
including music festivals, television and web-based content.
STATE OF COMPANY'S
AFFAIR [As on 31.03.2016]
During the Financial Year, the Company has incurred loss amounting to INR 103.927 Million. They expect to achieve profits in near future
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Service tax liability |
3.051 |
0.000 |
|
|
|
|
|
Total |
3.051 |
0.000 |
FIXED ASSETS:
Tangible Assets
· Computer
· Furniture
·
Office Equipment
· Leasehold Improvements
·
Plant and Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 66.77 |
|
UK Pound |
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
IND |
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.