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|
MIRA INFORM REPORT
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Report No. : |
508921 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CINEPOLIS INDIA PRIVATE LIMITED |
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|
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Registered
Office : |
3rd Floor, Plot No. 58, Sector 44, Gurgaon - 122003, Haryana |
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Tel. No.: |
91-124-4388521 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
06.11.2007 |
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|
|
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Com. Reg. No.: |
05-039680 |
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|
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Capital
Investment / Paid-up Capital : |
INR 179.415 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U92100HR2007PTC039680 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCC2076J |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
The principal line of company’s business includes exhibition (theatres) in the entertainment sector which consists of operating movie theatres, onscreen advertisement and sale of food and beverages. [Registered Activity] |
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|
|
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No. of Employees
: |
Not Divulged |
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 |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Thymelics Holding BV, Netherland. It was established
in the year 2007 having moderate track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue but reported continuous losses from its operational
activities. Rating remains constrained on account of erosion of entire net worth
and high debt reported by the company. However, the rating weakness is partially offset by strong support
received from its holding entity and its experienced management team. Payment terms are seems to be slow but correct. 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 23.05.2018.
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 DECLINED
|
Name : |
Mr. Vikas |
|
Designation : |
Finance Head |
|
Contact No.: |
91-91-124-4300641 |
|
Date : |
15.05.2018 |
[91-124-4388521/ 4264338] Continuously ringing
[91-124-4388520] incorrect number
LOCATIONS
|
Registered Office : |
3rd Floor, Plot No. 58, Sector 44, Gurgaon - 122003, Haryana, India |
|
Tel. No.: |
91-124-4300641 |
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Fax No.: |
91-124-4264338 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Javier Sotomayor De Zavaleta |
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Designation : |
Managing Director |
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Address : |
Valentine Gomez Farias 210 Morelia Centro Morelia 58000 Morelia 59727 Mx |
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|
Date of Appointment : |
26.02.2008 |
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DIN No.: |
01860652 |
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Name : |
Miguel Mier Esparza |
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Designation : |
Director |
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Address : |
Av Lic Enrique Rmz No 701 Fracc Las Americas Morelia 58270 Micho 58270 Mx |
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|
Date of Appointment : |
26.02.2008 |
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DIN No.: |
01860703 |
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|
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Name : |
Mauricio Vaca Tavera |
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Designation : |
Director |
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Address : |
Bosque De La Barca 7 La Herradura Naucalpan Naucalpan Em 53920 Mx |
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Date of Appointment : |
26.02.2008 |
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DIN No.: |
01864849 |
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|
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Name : |
Mr. Rodrigo Eugenio Perez Morales |
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Designation : |
Director |
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Address : |
B-93, DLF Park Place, DLF Phase - V Golf Course Road Gurgaon 122002, Haryana, India |
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Date of Appointment : |
31.03.2017 |
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DIN No.: |
07021274 |
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Name : |
Jorge Pablo Aguilar Albo |
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Designation : |
Additional Director |
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Address : |
Punhuato Av 180 Depto 19 Between Calle Punnhuato Av And Punhuato Av Col. Te Morelia Michoacan 58254 Mx |
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Date of Appointment : |
18.12.2017 |
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DIN No.: |
08015278 |
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|
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Name : |
Arturo Lopez Martin |
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Designation : |
Additional Director |
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Address : |
Toribio De Alcaraz 919 Depto 801 Santa Fe Cuajimalpa Cuajimalpa 05348 Mx |
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Date of Appointment : |
18.12.2017 |
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DIN No.: |
08021070 |
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KEY EXECUTIVES
|
Name : |
Mr. Sandeep Arora |
|
Designation : |
Company Secretary |
|
Address : |
House No 40, Block H, Nit-3, Faridabad - 121001, Haryana, India |
|
Date of Appointment : |
17.11.2016 |
|
PAN No.: |
BPXPS9747Bc |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Thymelicus Holding BV, Netherlands |
16961460 |
94.54 |
|
Roundrock Invest S L Inipersonal, Spain |
980001 |
5.46 |
|
|
|
|
|
Total |
17941461 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The principal line of company’s business includes exhibition (theatres) in the entertainment sector which consists of operating movie theatres, onscreen advertisement and sale of food and beverages. [Registered Activity] |
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Products : |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
S.R. Batliboi & Associates LLP Chartered Accountats |
|
Address : |
3rd and 6th Floor, World Mark-1, IGI Airport Hospitality District Aerocity, New Delhi-110037 |
|
PAN No.: |
ACHFS9118A |
|
|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
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|
Holding company: |
Thymelicus Holding BV, Netherlands |
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|
|
|
Fellow
Subsidiary company: |
· Cent Ros De Entretenimiento Latinoam · Arrendadora Internacional Bly, S.A. de C.V., México · Yelmo Films (previously Carbondale S.L., Spain) · Importadora Y Exportadora Michoacana, S.A. de C.V., México · Servicios De Personal Cinemas, SA DE CV · Operadora Comercial De Desarrollo SA DE CV., Mexico |
CAPITAL STRUCTURE
AFTER 29.09.2017
Authorised Capital : INR 380.000 Million
Issued, Subscribed & Paid-up Capital : INR 223.941
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38000000 |
Equity Shares |
INR 10/- each |
INR 380.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17941461 |
Equity Shares |
INR 10/- each |
INR 179.415
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 |
179.415 |
179.415 |
112.013 |
|
(b) Reserves & Surplus |
(1863.077) |
95.657 |
441.918 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
860.524 |
|
Total
Shareholders’ Funds (1) + (2) |
(1683.662) |
275.072 |
1414.455 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
7375.000 |
3675.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
1123.412 |
834.709 |
486.753 |
|
(d)
long-term provisions |
35.118 |
39.475 |
23.058 |
|
Total
Non-current Liabilities (3) |
8533.530 |
4549.184 |
509.811 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
593.519 |
2429.961 |
6429.500 |
|
(b)
Trade payables |
952.726 |
1281.930 |
543.575 |
|
(c)
Other current liabilities |
467.024 |
319.888 |
321.773 |
|
(d)
Short-term provisions |
79.758 |
71.555 |
1.681 |
|
Total
Current Liabilities (4) |
2093.027 |
4103.334 |
7296.529 |
|
|
|
|
|
|
TOTAL |
8942.895 |
8927.590 |
9220.795 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4049.858 |
3045.516 |
1788.347 |
|
(ii)
Intangible Assets |
2376.938 |
2834.166 |
24.438 |
|
(iii)
Capital work-in-progress |
693.532 |
925.340 |
872.900 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
4.614 |
4.614 |
5403.245 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
949.996 |
1054.281 |
585.800 |
|
(e)
Other Non-current assets |
57.115 |
34.119 |
2.693 |
|
Total
Non-Current Assets |
8132.053 |
7898.036 |
8677.423 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
57.642 |
39.319 |
19.879 |
|
(c)
Trade receivables |
279.295 |
304.735 |
53.969 |
|
(d)
Cash and cash equivalents |
118.863 |
186.054 |
81.324 |
|
(e)
Short-term loans and advances |
233.757 |
376.575 |
353.882 |
|
(f)
Other current assets |
121.285 |
122.871 |
34.318 |
|
Total
Current Assets |
810.842 |
1029.554 |
543.372 |
|
|
|
|
|
|
TOTAL |
8942.895 |
8927.590 |
9220.795 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
7008.411 |
5661.388 |
2462.360 |
|
|
|
Other Income |
14.861 |
21.575 |
81.068 |
|
|
|
TOTAL |
7023.272 |
5682.963 |
2543.428 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
485.957 |
336.681 |
191.276 |
|
|
|
Employees benefits expense |
694.619 |
530.319 |
364.697 |
|
|
|
Other expenses |
3376.099 |
2623.109 |
1332.088 |
|
|
|
Expenditure on production, transportation and other expenditure pertaining to exploration and production activities |
1926.648 |
1575.800 |
696.738 |
|
|
|
TOTAL |
6483.323 |
5065.909 |
2584.799 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
539.949 |
617.054 |
(41.371) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
880.931 |
713.491 |
351.107 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(340.982) |
(96.437) |
(392.478) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1617.752 |
2325.370 |
235.870 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1958.734) |
(2421.807) |
(628.348) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
47.157 |
349.033 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(1958.734) |
(2468.964) |
(977.381) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(109.17) |
(193.59) |
(183.69) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
489.995 |
1393.879 |
(127.378) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
465.988 |
907.560 |
71.076 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
14.55 |
19.65 |
8.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
25.09 |
18.58 |
45.63 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
715.59 |
1389.76 |
1037.27 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
9.37 |
15.69 |
-2.08 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.08 |
0.09 |
-0.02 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.06 |
0.87 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
(4.73) |
22.19 |
4.55 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
(1.24) |
14.92 |
5.16 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
(4.23) |
24.74 |
1.90 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.61 |
0.86 |
(0.12) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(27.95) |
(43.61) |
(39.69) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(21.90) |
(27.66) |
(10.60) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
116.34 |
(897.57) |
(69.10) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.39 |
0.25 |
0.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.36 |
0.24 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
(0.19) |
0.03 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
44.41 |
34.03 |
57.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.39 |
0.25 |
0.07 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In
Million |
INR
In Million |
INR
In Million |
|
Share Capital |
112.013 |
179.415 |
179.415 |
|
Reserves & Surplus |
441.918 |
95.657 |
(1863.077) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
860.524 |
0.000 |
0.000 |
|
Net
worth |
1414.455 |
275.072 |
(1683.662) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
3675.000 |
7375.000 |
|
Short term borrowings |
6429.500 |
2429.961 |
593.519 |
|
Total
borrowings |
6429.500 |
6104.961 |
7968.519 |
|
Debt/Equity
ratio |
4.546 |
22.194 |
(4.733) |
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 |
2462.360 |
5661.388 |
7008.411 |
|
|
|
129.917 |
23.793 |
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 |
2462.360 |
5661.388 |
7008.411 |
|
Profit/(Loss) |
(977.381) |
(2468.964) |
(1958.734) |
|
|
(39.69%) |
(43.61%) |
(27.95%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G35051739 |
10576569 |
YES
BANK LIMITED |
16/06/2015 |
- |
10/01/2017 |
60000000.0 |
NEHRU CENTRE
,9TH FLOOR ,DISCOVERY OF INDIA,DR.A.B.ROAD,WORLI, MUMBAIMUMBAIMH400018IN |
|
2 |
C36381747 |
10482817 |
AXIS
BANK LIMITED |
21/02/2014 |
- |
21/11/2014 |
142900000.0 |
CORPORATE
BANKING BRANCH, GROUND FLOOR, AXIS HOUSEC-2, WADIA INTERNATIONAL CENTRE, P.B.
MARG, WORLIMUMBAIMH400025IN |
|
3 |
C36262293 |
10234223 |
IDBI
BANK LIMITED |
20/05/2010 |
22/02/2013 |
17/11/2014 |
67500000.0 |
IDBI TOWERWTC
COMPLEXCUFFE PARADEMUMBAIMH400005IN |
|
4 |
C36341485 |
10325554 |
AXIS
BANK LIMITED |
20/12/2011 |
- |
14/11/2014 |
22500000.0 |
AXIS
HOUSEC-2, WADIA INTERNATIONAL CENTREPANDURANG BUDHKAR MARGMUMBAIMH400025IN |
|
5 |
C35914225 |
10304860 |
THE
JAMMU AND KASHMIR BANK LIMITED |
22/08/2011 |
- |
12/11/2014 |
47800000.0 |
15/24,
SAMARTHA VAIBHAV, OFF NEW LINK ROADOSHIWARA, ANDHERI (WEST)MUMBAIMH400053IN |
|
6 |
C23005697 |
10192742 |
TATA
CAPITAL LIMITED |
10/12/2009 |
23/03/2010 |
17/09/2014 |
14600000.0 |
ONE
FORBESDR V B GANDHI MARG,FORTMUMBAIMH400001IN |
|
7 |
C12303053 |
10063419 |
THE
JAMMU AND KASHMIR BANK LIMITED |
18/07/2007 |
11/04/2014 |
15/07/2014 |
80600000.0 |
15/24, SAMARTH
VAIBHAV, NEW LINK ROAD, OSHIWARA,ANDHERI (WEST),MUMBAIMH400053IN |
|
8 |
B70269907 |
10010072 |
AXIS
BANK LIMITED |
31/05/2006 |
30/11/2010 |
07/03/2013 |
40000000.0 |
LAXMI
THE MALL, BUILDING NO.5,LAXMI INDUSTRIAL ESTATE, NEW LINK ROAD, ANDHERI-WMUMBAIMH400053IN |
|
9 |
B69420529 |
80009767 |
AXIS
BANK LTD. |
27/02/2006 |
27/12/2010 |
26/02/2013 |
110000000.0 |
4/10,
OPG HOUSEASAF ALI ROADNEW DELHIDL110002IN |
|
10 |
B70427539 |
10203839 |
FIRST
LEASING CO OF INDIA LIMITED |
24/02/2010 |
- |
22/02/2013 |
10000000.0 |
749,
ANNA SALAI,CHENNAI-2.TAMILNADUTAMILNADUTN600002IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Bonds |
3700.000 |
0.000 |
|
Fully convertible debentures intercorporate |
3675.000 |
3675.000 |
|
|
|
|
|
Total |
7375.000 |
3675.000 |
CORPORATE INFORMATION
The
Company is a private limited company domiciled in India; and is a subsidiary of
Thymelicus Holding BV (hereinafter referred to as ‘Thymelicus’). The Company
was incorporated on November 6, 2007 with its registered office presently in
Gurgaon, Haryana. The principal line of Company’s business includes exhibition
(theatres) in the entertainment sector which consists of operating movie
theatres, onscreen advertisement and sale of food and beverages.
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS
The Directors wish to present the details of Business operations done during the year:
a) Production and Profitability: The performance of the Company during the year remains satisfactory looking to the economic situation as a whole.
b) Sales: The sales during the year were INR 7008.000 million as against INR 5661.000 million in the previous year.
c)
Marketing and Market environment: The Company continued to launch a number of
new cinemas and undertook various cost effective measures to strengthen the
Company’s competitiveness and profitability in the future.
FIXED ASSETS:
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipment’s
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 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 68.01 |
|
UK Pound |
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.07 |
INFORMATION DETAILS
|
Information Gathered
by : |
AKS |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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.