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|
MIRA INFORM REPORT
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Report No. : |
507619 |
|
Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
B4U TELEVISION NETWORK INDIA LIMITED (w.e.f.18.01.2011 ) |
|
|
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|
Formerly Known
As : |
B4U
TELEVISION NETWORK INDIA PRIVATE LIMITED |
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Registered
Office : |
Magnum House, Plot No. 114, Road No. 15, Next to
SRL Ranbaxy, MIDC, Andheri (East), Mumbai – 400093, Maharashtra |
|
Mobile No.: |
91-9819831355 (Mr. Vinod Yadav) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
05.02.1999 |
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Com. Reg. No.: |
11- 118165 |
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Capital
Investment / Paid-up Capital : |
INR 217.373 Million |
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CIN No.: [Company Identification
No.] |
U92100MH1999PLC118165 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCB1717B1ZC |
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TIN No.: |
27090377859 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCB1717B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the production of programming
contents and provision of other related services and also in the business of
trading of film rights, collection agency services and theatrical
distribution of cinematography films. [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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “LMB Holdings (Mauritius) Limited,
Mauritius”
and it is engaged in the business of broadcasting, programming and program
distribution. For the financial year 2017, the company has reported a dip in its
revenue as compared to its previous year but has maintained fair profit
margin during the year. Rating takes into consideration, the healthy financial risk profile
marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record
of its business operations backed by its well experienced management team
along with strong financial support from its holding entity. However, these rating strength gets partially offset by high
competitive intensity in the broadcasting space. Payment seems to be regular. In view of aforesaid, the company can be considered for business
dealing 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
31-03-2018.
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 09.05.2018
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 DENIED BY
|
Name : |
Mr. Vinod Yadav |
|
Designation : |
Manager |
|
Contact No.: |
91-9819831355 |
|
Date : |
07.05.2018 |
LOCATIONS
|
Registered Office : |
Magnum House, Plot No. 114, Road No. 15, Next to
SRL Ranbaxy, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-40902400 |
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Mobile No.: |
91-9819831355 (Mr. Vinod Yadav) |
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Fax No.: |
91-22-40902450 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Suhas Sadanand Ganpule |
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Designation : |
Director |
|
Address : |
236, Pratiksha Building, 3rd Floor, Flat
No. 10, Babhai, Ram Mandir Road, Borivali (West), Mumbai -400092,
Maharashtra, India |
|
Date of Birth/Age : |
25.08.1962 |
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Qualification: |
Company Secretary |
|
Date of Appointment : |
21.08.2015 |
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DIN No.: |
00179817 |
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Name : |
Mr. Sandeep Gupta |
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Designation : |
Director |
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Address : |
E-16, Sangam Complex 123, Sarat Chatterjee
Road, Kolkata -700089, West Bengal, India |
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Date of Birth/Age : |
12.11.1975 |
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Qualification: |
Chartered Accountant |
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Date of Appointment : |
19.08.2011 |
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DIN No.: |
00589505 |
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|
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Name : |
Mr. Ameet Navinchandra Patel |
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Designation : |
Director |
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Address : |
601, Vimal Kunj, Meera Baug, Santacruz (
West), Mumbai -400054, Maharashtra, India |
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Date of Birth/Age : |
14.10.1962 |
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Qualification: |
Chartered Accountant |
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Date of Appointment : |
21.08.2015 |
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DIN No.: |
00726197 |
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|
|
|
Name : |
Mrs. Natasha Fernandes |
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Designation : |
Director |
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Address : |
3A/504, New Dindoshi Giriraj Cooperative
Housing Society Limited, New Mhada Colony, Malad (East), Mumbai -400097,
Maharashtra, India |
|
Date of Birth/Age : |
29.01.1980 |
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Qualification: |
LLB |
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Date of Appointment : |
16.02.2009 |
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DIN No.: |
02550240 |
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|
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|
Name : |
Mr. Santosh Kumar Garg |
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Designation : |
Director |
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Address : |
B-502, Panchali Cooperative Housing Society
Limited, N. L. Complex, Anand Nagar, Dahisar East, Mumbai -400068,
Maharashtra, India |
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Date of Birth/Age : |
25.06.1979 |
|
Qualification: |
Chartered Accountant |
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Date of Appointment : |
21.08.2015 |
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DIN No.: |
07262936 |
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|
|
|
Name : |
Mr. Vijay Kumar Singh |
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Designation : |
Director |
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Address : |
Room No. 202, Sharada Palace, Sec 10, New
Panvel (East), Panvel -410206, Maharashtra, India |
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Date of Birth/Age : |
15.10.1969 |
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Qualification: |
Chartered Accountant |
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Date of Appointment : |
01.09.2016 |
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DIN No.: |
07603392 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Gupta |
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Designation : |
Chief Finance Officer |
|
Address : |
E-16, Sangam Complex 123, Sarat Chatterjee
Road, Kolkata - 700089, West Bengal, India |
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Date of Birth/Age : |
12.11.1975 |
|
Qualification: |
Chartered Accountant |
|
Date of Appointment : |
30.05.2015 |
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PAN No.: |
ADNPG2390R |
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|
|
|
Name : |
Mr. Harshil Pareshkumar Shah |
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Designation : |
Company Secretary |
|
Address : |
A/1, Room No. 10, Bhadran Nagar, Near N.L. High
School, Malad (West) Mumbai - 400064, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1989 |
|
Date of Appointment : |
29.04.2016 |
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PAN No.: |
BPJPS2896R |
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|
|
|
Name : |
Mr. Vinod Yadav |
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Designation : |
Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
0.04 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.91 |
|
Public/Other than promoters - Body corporate |
99.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the production of programming
contents and provision of other related services and also in the business of
trading of film rights, collection agency services and theatrical
distribution of cinematography films. [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
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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)
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Auditors : |
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|
Name : |
Singhi and Company Chartered Accountants |
|
Address : |
B2 402 B Marathon Innova, Opposite Peninsula Corproate Park, Lower Parel, Mumbai -400013, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AASFS9578D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
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Ultimate
Holding Company: |
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Subsidiary company: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22500000 |
Equity Shares |
INR 10/- each |
INR 225.000 Million |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21737283 |
Equity Shares |
INR 10/- each |
INR 217.373 Million |
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|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
217.373 |
143.410 |
143.410 |
|
(b) Reserves &
Surplus |
1170.358 |
755.665 |
742.546 |
|
(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) |
1387.731 |
899.075 |
885.956 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.377 |
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 |
8.709 |
6.061 |
5.681 |
|
Total Non-current
Liabilities (3) |
9.086 |
6.061 |
5.681 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
7.639 |
83.271 |
83.045 |
|
(c) Other current
liabilities |
21.954 |
58.021 |
32.961 |
|
(d) Short-term provisions |
0.695 |
0.555 |
3.552 |
|
Total Current Liabilities
(4) |
30.288 |
141.847 |
119.558 |
|
|
|
|
|
|
TOTAL |
1427.105 |
1046.983 |
1011.195 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
337.342 |
345.054 |
354.512 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
941.860 |
461.102 |
460.102 |
|
(c) Deferred tax assets
(net) |
5.891 |
5.429 |
2.936 |
|
(d) Long-term Loan and Advances |
8.011 |
9.471 |
15.203 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1293.104 |
821.056 |
832.753 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
7.878 |
21.444 |
20.277 |
|
(d) Cash and cash
equivalents |
3.878 |
6.987 |
13.115 |
|
(e) Short-term loans and
advances |
122.245 |
197.496 |
145.050 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
134.001 |
225.927 |
178.442 |
|
|
|
|
|
|
TOTAL |
1427.105 |
1046.983 |
1011.195 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
147.375 |
169.230 |
172.700 |
|
|
Other Income |
5.343 |
3.030 |
0.324 |
|
|
TOTAL |
152.718 |
172.260 |
173.024 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
36.058 |
32.142 |
48.100 |
|
|
Employees benefits
expense |
56.430 |
60.996 |
51.159 |
|
|
Other expenses |
37.682 |
47.235 |
50.079 |
|
|
TOTAL |
130.170 |
140.373 |
149.338 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
22.548 |
31.887 |
23.686 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.097 |
0.275 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
22.451 |
31.612 |
23.686 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.565 |
10.458 |
11.849 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.886 |
21.154 |
11.837 |
|
|
|
|
|
|
|
Less |
TAX |
3.988 |
8.036 |
5.107 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.898 |
13.118 |
6.730 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.44 |
0.91 |
0.47 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.291 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(67.406) |
59.366 |
137.253 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(78.721) |
47.993 |
129.435 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
19.51 |
46.25 |
42.86 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
18.71 |
7.89 |
8.52 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
77.33 |
945.61 |
630.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.07 |
0.09 |
0.07 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.02 |
0.14 |
0.12 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.02 |
0.16 |
0.13 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.24 |
0.38 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
232.45 |
115.95 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.36 |
7.75 |
3.90 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.55 |
1.25 |
0.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.57 |
1.46 |
0.76 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.42 |
1.59 |
1.49 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.42 |
1.59 |
1.49 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.97 |
0.86 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.42 |
1.59 |
1.49 |
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 |
143.410 |
143.410 |
217.373 |
|
Reserves & Surplus |
742.546 |
755.665 |
1170.358 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
885.956 |
899.075 |
1387.731 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.377 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.291 |
|
Total
borrowings |
0.000 |
0.000 |
0.668 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
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
|
172.700 |
169.230 |
147.375 |
|
|
|
(2.009) |
(12.914) |
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
|
172.700 |
169.230 |
147.375 |
|
Profit |
6.730 |
13.118 |
7.898 |
|
|
3.90% |
7.75% |
5.36% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
217.241 |
143.278 |
|
(b) Reserves &
Surplus |
|
466.997 |
(32.466) |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
684.238 |
110.812 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.794 |
0.934 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
14.665 |
10.990 |
|
Total Non-current
Liabilities (3) |
|
15.459 |
11.924 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
224.099 |
559.437 |
|
(c) Other current
liabilities |
|
93.436 |
322.926 |
|
(d) Short-term provisions |
|
1.479 |
0.853 |
|
Total Current Liabilities
(4) |
|
319.014 |
883.216 |
|
|
|
|
|
|
TOTAL |
|
1018.711 |
1005.952 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
359.181 |
370.597 |
|
(ii) Intangible Assets |
|
78.513 |
109.810 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
5.891 |
5.429 |
|
(d) Long-term Loan and Advances |
|
15.090 |
16.616 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
458.675 |
502.452 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
269.668 |
241.977 |
|
(d) Cash and cash
equivalents |
|
27.686 |
21.620 |
|
(e) Short-term loans and
advances |
|
262.682 |
239.903 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
560.036 |
503.500 |
|
|
|
|
|
|
TOTAL |
|
1018.711 |
1005.952 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
1245.196 |
1135.288 |
|
|
Other Income |
|
8.575 |
12.344 |
|
|
TOTAL |
|
1253.771 |
1147.632 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
875.269 |
751.412 |
|
|
Employees benefits
expense |
|
116.882 |
116.880 |
|
|
Other expenses |
|
76.656 |
103.484 |
|
|
TOTAL |
|
1068.807 |
971.776 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
184.964 |
175.856 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.918 |
0.294 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
184.046 |
175.562 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
86.045 |
113.883 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
98.001 |
61.679 |
|
|
|
|
|
|
|
Less |
TAX |
|
5.334 |
8.487 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
92.667 |
53.192 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
5.22 |
3.71 |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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
B4U Television Network India Limited is a public Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the production of programming contents and provision of other related services. The Company caters to both domestic and international market. The Company is also in the business of trading of film rights, collection agency services and theatrical distribution of cinematography films.
BRIEF DESCRIPTION OF THE COMPANY’S WORKING DURING
THE YEAR/STATE OF COMPANY’S AFFAIR:
The Company,
besides providing high quality television content, continues to focus on cost
efficiency and plans to create and deliver popular, high quality programming
for catering to not only domestic but also to the demands of international
viewership both for traditional and digital medium and expects to earn high
returns for the stakeholders.
The consolidated
operating income during the financial year ended 31st March, 2017 stood at INR
1253.771 Million as against the operating income of INR 1150.677 Million in the
previous financial year ended 31st March, 2016. During the year the company has
earned a consolidated net profit for INR 98.001 Million as compared to the net
profit of INR 61.679 Million in the previous year. The combined earnings per
share of the company has increased to INR 5.22 per share from INR 3.71 per
share.
Industry Overview of the Company and Its
Subsidiaries
The Indian Media
and Entertainment industry is on an impressive growth path. The industry is
expected to grow at a much faster rate than the global average rate.
i. Media and Broadcasting Market in India:
One of the
subsidiaries of the company, B4U Broadband India Private Limited, is engaged in
Broadcasting of television Channels in India.
MEDIA AND ENTERTAINMENT INDUSTRY OVERVIEW:
The global
entertainment and media outlook 2017-2021 report by the consultancy firm noted
that television sector will grow at an overall CAGR of over 11.4 percent during
2017-21 in India and global entertainment and media industry is expected to
grow at a CAGR of 4.2 percent during 2017-21.
The Indian media
and entertainment sector is expected to clock over INR 2910000.000 Million. by
2021 growing at compounded annual growth rate (CAGR) of 10.5 per cent between
2017 and 2021, according to a PwC report.
The industry is
likely to grow at 13.1 per cent this year, with the economy recovering from the
lingering effects of demonetization and initial uncertainties arising from GST
implementation, the FICCI-KPMG report said. However, it is projected to grow at
a faster clip of 14 per cent during 2017-21 vis-a-vis the company has seen
growth of 10.39 per cent in the total revenues from the operation.
The Indian media
and entertainment industry in 2016 was able to sustain a healthy growth on the
back of strong economic fundamentals and steady growth in domestic consumption
coupled with growing contribution of rural markets across key segments.
These factors
aided the industry to grow at 9.1 per cent on the back of advertising growth of
11.2 per cent vis-a-vis the company has seen growth in advertising business of
18.81%, despite demonetisation shaving off 150 to 250 basis points in terms of
growth across all sub-segments at the end of the year.
Digital media is
rapidly emerging as a core revenue engine. As digital infrastructure continues
to develop and data costs are driven down, digital consumption is likely to
become more mainstream. The economic and business models required to succeed in
the digital landscape are challenging; and would require a significant shift in
mind-set and approach to build out digital strategies.
The company’s
digital businesses is on growing spree and the management look forward to
improve performance in the said segment.
ii. Agency Services:
One of the
subsidiaries of the company, B4U Media Ventures Private Limited, is engaged in
providing Agency services to other broadcasters.
Advertising and
Marketing Industry in India:
The Indian
advertising industry has evolved from being a small-scaled business to a
full-fledged industry. The advertising industry is projected to be the second
fastest growing advertising market in Asia after China. It is estimated that by
2018, the share of ad spend in India’s Gross Domestic Product (GDP) will be
around 0.45 per cent.
The Indian
government has given tremendous support to the advertising and marketing
industry. Advertising expenditure is likely to increase in the financial
sector, driven by Reserve Bank of India (RBI) policies which could result in a
more favourable business environment. Also, proposed licences for new banks and
better market sentiments render the advertising and marketing industry in India
a fertile space.
Market size:
Print contributes
a significant portion to the total advertising revenue, accounting for almost
41.2 per cent, whereas TV contributes 38.2 per cent, and digital contributes 11
per cent of the total revenue. Outdoor, Radio and Cinema make up the balance 10
per cent.
India’s digital
advertisement market is expected to grow at a compound annual growth rate
(CAGR) of 33.5 per cent to cross the INR 255000.000 Million (USD 3.8 billion)
mark by 2020.
The Internet's share
in total advertising revenue is anticipated to grow twofold from eight per cent
in 2013 to 16 per cent in 2018. Online advertising, which was estimated at INR
29000.000 Million (USD 435 million) in 2013, could jump threefold to INR
100000.000 Million (USD 1.5 billion) in five years, increasing at a compound
annual rate of 28 per cent.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
A03697067 |
90158266 |
GLOBEL TRUST BANK
LTD |
20/11/2003 |
17/08/2006 |
100000000.0 |
SHREEJEE
CHAMBERSTATA ROAD NO. 2; OPERA HOUSEMUMBAIMH400004IN |
|
2 |
A03697844 |
80010048 |
GLOBAL TRUST BANK
LTD |
20/11/2003 |
17/08/2006 |
100000000.0 |
SHREEJEE CHAMBERSTATA
ROAD NO 2 , OPERA HOUSEMUMBAIMH400004IN |
|
3 |
A03697109 |
90157530 |
GLOBEL TRUST BANK
LTD |
06/07/2000 |
17/08/2006 |
250000000.0 |
SHREEJEE
CHAMBERSTATA ROAD NO. 2; OPERA HOUSEMUMBAIMH400004IN |
angible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Leasehold improvements
Intangible assets
- Brands and trade marks
- Copyrights
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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 66.08 |
|
|
1 |
INR 91.14 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
RBY |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
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.