Final soft copy of D & B Report of Nomad Films Ltd

1. BUSINESS SCOPE REPORT
NOMAD FILMS LIMITED
D&B D-U-N-S® NUMBER: 65-049-4029
Dun & Bradstreet Information Services India Pvt. Ltd.
ICC Chambers
Saki Vihar Road
Powai, Mumbai - 400072
Maharashtra
India
Tel: + 91-22-28574190 / 92 / 94
Fax: + 91-22-28572060
THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN PART IN ANY FORM OR MANNER WHATSOEVER.
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insurance, marketing or other business decisions, contains information compiled from sources which Dun & Bradstreet does not
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2. BUSINESS SCOPE REPORT
Scope of the Report
• History and legal background
• Existing operations
• Management background
• Bankers
• Financial statements and analysis
Information Sources
• Annual reports
• Company website
Methodology
Financial information from the audited annual reports of the Company was studied and analyzed for a
three year period.
Date: 29th September 2010.
Nomad Films Limited 1

3. BUSINESS SCOPE REPORT
TABLE OF CONTENTS
SUMMARY .............................................................................................................................................................. 4
LINE OF BUSINESS............................................................................................................................................... 5
CURRENT INVESTIGATION .............................................................................................................................. 6
COMPANY PROFILE............................................................................................................................................ 7
FINANCIAL SNAPSHOT ...................................................................................................................................... 8
PROVISIONAL FINANCIAL PERFORMANCE ............................................................................................... 9
REVENUE ............................................................................................................................................................. 10
CUSTOMERS ........................................................................................................................................................ 10
FOREIGN EXCHANGE TRANSACTIONS ...................................................................................................... 11
SUPPLIERS ........................................................................................................................................................... 11
EMPLOYEES ........................................................................................................................................................ 11
REGISTRATION DETAILS................................................................................................................................ 12
CAPITAL DETAILS ............................................................................................................................................. 12
SHAREHOLDING PATTERN ............................................................................................................................ 13
AUDITORS ............................................................................................................................................................ 13
CORPORATE DIRECTORS ............................................................................................................................... 14
EXECUTIVES ....................................................................................................................................................... 14
HEAD OFFICE LOCATION DETAILS ............................................................................................................ 16
PREVIOUS ADDRESS ......................................................................................................................................... 16
GROUP ENTITY .................................................................................................................................................. 17
REGISTRATION .................................................................................................................................................. 18
MEMBERSHIPS ................................................................................................................................................... 18
AWARDS / CERTIFICATIONS.......................................................................................................................... 18
Nomad Films Limited 2

4. BUSINESS SCOPE REPORT
FINANCIAL ANALYSIS ..................................................................................................................................... 19
SWOT ..................................................................................................................................................................... 26
ANNEXURE I - CORPORATE DIRECTORS.................................................................................................. 28
ANNEXURE II - FINANCIAL STATEMENTS ................................................................................................ 30
Nomad Films Limited 3

5. BUSINESS SCOPE REPORT
SUMMARY
-----------------------------------------------------------------------------------------------------------------------------
D&B D-U-N-S® NUMBER : 65-049-4029
COMPANY NAME : NOMAD FILMS LIMITED
ADDRESS : A-301/302, Poseidon Tower
Panch Marg, Off Yari Road
Versova, Andheri West
Mumbai - 400061
Maharashtra
India
TELEPHONE : (91) (022) (26302080)
(91) (022) (26321649)
FAX : (91) (022) (26321649)
WEB PAGE : www.nomadfilmsindia.com
EMAIL : info@nomadfilmsindia.com
amitabh@nomadfilmsindia.com
Junaid@nomadfilmsindia.com
-----------------------------------------------------------------------------------------------------------------------------
D&B RATING: 2A2 CONDITION: GOOD
-----------------------------------------------------------------------------------------------------------------------------
REGISTRATION NUMBER : 172984
START DATE : 4th April 2003
CONTROL DATE : 9th August 2007
HISTORY : Clear
EMPLOYEES (TOTAL) : 15
EXPORTS : Yes
REVENUE : INR 150,698 Thousand for the year ended 31st March 2010
TANGIBLE NETWORTH : INR 15,098 Thousand as on 31st March 2010
AUTHORIZED CAPITAL : INR 150,000 Thousand as on 31st March 2010
ISSUED CAPITAL : INR 2,125 Thousand as on 31st March 2010
PAID-UP CAPITAL : INR 2,125 Thousand as on 31st March 2010
-----------------------------------------------------------------------------------------------------------------------------
CHIEF EXECUTIVE : Junaid Abdulrazak Memon
Director
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Nomad Films Limited 4

6. BUSINESS SCOPE REPORT
LINE OF BUSINESS
-----------------------------------------------------------------------------------------------------------------------------
The Company is engaged in advertising business. It is also engaged in production of television
commercials, feature films and television serials. It recently started event management also.
Standard Industrial Classification Code (SIC)
7812-9903
Produces commercials, television: tape or film
7812-0110
Engaged in television film production
7319-0000
Engaged in advertising
RATING KEY
---------------------------------------------------------------------------------------------------------------------------
D&B’s Rating consists of 2 parts, the Financial Strength and the Composite Appraisal / Condition.
Financial Strength is an indication of the tangible networth (that is, the shareholder’s funds less any
intangible assets). The Composite Appraisal / Condition is linked to the level of risk and is an overall
evaluation of credit worthiness. It takes into account the financial condition and several factors such as
trade reference history, legal structure, management experience and any adverse listings.
D&B Indicative Risk Rating of 2A2 implies that the subject has a tangible networth between INR
12,919,000 and INR 64,594,999 as per latest available audited financial statements. Composite
appraisal 2 indicates that the overall status of the subject is good.
Risk
Level of Risk Guide to Interpretation
Indicator
May proceed with transaction - offer extended
1 Minimal risk
terms if required
2 Low risk May proceed with transaction
3 Slightly greater than average risk May proceed with transaction but monitor closely
May take suitable assurance before extending
4 Significant level of risk
credit - e.g. personal guarantees
Insufficient information to assign a No public information or D&B proprietory
-
Rating information available to indicate trading activity
Nomad Films Limited 5

7. BUSINESS SCOPE REPORT
CURRENT INVESTIGATION
-----------------------------------------------------------------------------------------------------------------------------
On 20th April 2010, Mr. Junaid Abdulrazak Memon, Director, provided the relevant information.
Additional information was provided during management discussion.
Nomad Films Limited 6

8. BUSINESS SCOPE REPORT
COMPANY PROFILE
-----------------------------------------------------------------------------------------------------------------------------
Nomad Films Limited (hereinafter referred to as “the Subject” or “the Company”) was established in
the year 2002 as a partnership firm by Mr. Junaid Abdulrazak Memon and Mr. Amitabh Bhattacharya.
On 9th August 2007, a private limited company was formed to take over the operations of the
partnership firm and name changed to Nomad Films Private Limited. It was later converted to a public
limited company on 29th September 2009.
The Company is engaged in advertising business. It is also engaged in production of television
commercials, feature films and television serials. It recently started event management also. It
conceptualizes as well as executes the events.
The Company earns major revenue from its advertising business. Some of the television commercials
produced by the Company includes brands like MetLife-New York, P&G, Reliance ADAG, Henkel,
Wrigleys, Coca Cola, Adani Group, Samsung, Pepsi, Volkswagen, Life Insurance Corporation, State
Bank of India, etc.
It works with following agencies:
• Ogilvy and Mather, United States of America
• James Walter Thompson, United States of America
• Young and Rubicam, United States of America
• TBWA Worldwide, United States of America
• Mudra Communication Private Limited
It represents many international production houses like Eallin Animation, Prague, Arithmetic in
respective countries for relevant assignments.
The Company is headquartered at Mumbai.
The Company’s has sister concerns Guava Creative Solutions Private Limited, Nomad Events Private
Limited, Nomad Telefilms Private Limited and Nomad Studios Private Limited are also engaged in the
similar businesses.
The Company plans to diversify into the production of TV programs and Documentary Films related to
Government sector. It has already applied for this project. It is also planning to enter into broadcasting
of non News Channel for which it has already applied for the broadcasting license. It will be funding all
these projects through bank loans and private equity. It also has plans to expand the business to other
foreign countries. The Company is expecting major revenue growth on execution of these projects.
Nomad Films Limited 7

9. BUSINESS SCOPE REPORT
FINANCIAL SNAPSHOT
Comparative Figures (INR in Thousand)
FY 2008 FY 2009 FY 2010
Revenue 58,975 51,643 150,698
Net Profit after Tax 2,897 1,130 11,413
Current Assets 30,725 33,732 51,610
Current Liabilities 35,751 43,242 35,937
Working Capital (5,026) (9,510) 15,673
Other Tangible Assets 28,920 28,365 699
Non-Current Liabilities 21,293 15,479 1,274
Tangible Networth 2,601 3,376 15,098
Total Borrowings 23,254 16,508 1,250
Cash and Bank 579 4,647 11,971
Accounts Receivable 10,986 6,450 12,177
Fixed Assets 28,670 28,115 549
Accounts Payable 27,140 26,319 21,699
KEY RATIOS
FY 2008 FY 2009 FY 2010
Gross Profit Margin (%) 30.84 17.83 24.95
Operating Profit Margin (%) 7.49 3.68 10.92
Return on Revenue (%) 4.91 2.19 7.57
Return on Networth (%) 111.38 33.47 75.59
Return on Capital Employed (%) 17.08 10.15 101.27
Total Debt Equity Ratio (Times) 8.94 4.89 0.08
Interest Coverage Ratio (Times) 2.91 2.27 -
Nomad Films Limited 8

10. BUSINESS SCOPE REPORT
PROVISIONAL FINANCIAL PERFORMANCE
--------------------------------------------------------------------------------------------------------------------------
As per unaudited financial statement revenue booked by company till September is 7.68 crores.
Nomad Films Limited 9

11. BUSINESS SCOPE REPORT
REVENUE
-----------------------------------------------------------------------------------------------------------------------------
LOCAL : 94%
INTERNATIONAL : 6%
SELLING TERMS
LOCAL TERMS
Open Account : 90 days
EXPORT TERMS
Open Account : 30 days
CUSTOMERS
-----------------------------------------------------------------------------------------------------------------------------
MAJOR CUSTOMER TYPES
Advertising Agencies
Television Channels
Corporate Companies
Government bodies
MAJOR CUSTOMER NAMES
Length of
% Total
Name of Customer Country Relationship
Revenue
(Year)
Ogilvy and Mather Private Limited India 21 5
Volkswagen Group Sales India Private
India 12 1
Limited
Contract Advertising (India) Private
India 10 3
Limited
Reliance India 8 2
Nomad Films Limited 10

12. BUSINESS SCOPE REPORT
FOREIGN EXCHANGE TRANSACTIONS
-----------------------------------------------------------------------------------------------------------------------------
(INR in Thousand)
Particulars FY 2008 FY 2009 FY 2010
Imports (CIF Value): 2,418 18,175 3,479
Exports (FOB Value): 7,253 - 8,710
SUPPLIERS
-----------------------------------------------------------------------------------------------------------------------------
Length of
% Share
Name of Supplier Country Relationship
in Purchase
(Year)
Set Square India 5 4
Prime Focus Limited India 3 4
Century Communications Private limited India 3 4
Adwertajzing Polland 3 1
VHQ Post (S) Pte Limited Singapore 1 5
EMPLOYEES
-----------------------------------------------------------------------------------------------------------------------------
Employees (Head Office location) : 15
Total Current Employees : 15
Nomad Films Limited 11

13. BUSINESS SCOPE REPORT
REGISTRATION DETAILS
-----------------------------------------------------------------------------------------------------------------------------
LEGAL STRUCTURE : Public Limited Company
INCORPORATED : 9th August 2007
REGISTRATION BODY : Registrar of Companies
REGISTRATION NUMBER : 172984
Mumbai, Maharashtra
India
REGISTERED OFFICE : A-301/302, Poseidon Tower
Panch Marg, Off Yari Road
Versova, Andheri West
Mumbai - 400061
Maharashtra
India
LAST AGM DATE : 23rd September 2009
LAST ANNUAL RETURN DATE : 29th September 2009
LAST FINANCIAL STATEMENT DATE : 31st March 2010
CAPITAL DETAILS
-----------------------------------------------------------------------------------------------------------------------------
AUTHORIZED CAPITAL : INR 150,000,000 as on 31st March 2010
ISSUED CAPITAL : INR 2,125,000 as on 31st March 2010
PAID-UP CAPITAL : INR 2,125,000 as on 31st March 2010
ORDINARY SHARES : 212,500 Equity shares at par value of INR 10 each
Nomad Films Limited 12

14. BUSINESS SCOPE REPORT
SHAREHOLDING PATTERN
-----------------------------------------------------------------------------------------------------------------------------
Name of Shareholders Location Shares Held % Held
Junaid Abdulrazak Memon India 55,000 25.88
Amitabh Bhattacharya India 27,500 12.94
Sona Bose Bhattacharya India 27,500 12.94
Others India 102,500 48.24
Total 212,500 100.00
Total number of Shareholders :7
Shareholding as on : 31st March 2010
Source: As provided by the Management
AUDITORS
-----------------------------------------------------------------------------------------------------------------------------
Vijay G. Vaghela & Co
13 Siddhi Sai Prasad CHSL
Sai Wadi
Dr N S Phadke Marg
Andheri East
Mumbai – 400069
Maharashtra
India
Nomad Films Limited 13

15. BUSINESS SCOPE REPORT
CORPORATE DIRECTORS
-----------------------------------------------------------------------------------------------------------------------------
Name of Directors Current Title
Junaid Abdulrazak Memon Director
Amitabh Bhattacharya Director
Sona Bhattacharya Director
Refer Annexure I for details
EXECUTIVES
-----------------------------------------------------------------------------------------------------------------------------
Name of Executives Current Title
Riyaz Memon Head of Production (TV Commercial)
Joshua Uppaturu Producer (TV Commercial)
Abhijit Aranke Head (Advertising Agency)
Roopa Das Creative Head (TV programs)
Ashwin Nathane Financial Controller
Aroona Bhat Head (Events)
Nomad Films Limited 14

16. BUSINESS SCOPE REPORT
BANK
-----------------------------------------------------------------------------------------------------------------------------
NAME : Citibank NA
BRANCH : Parel Branch
The Company deals with the Citibank NA since 9th October 2007.
Nomad Films Limited 15

17. BUSINESS SCOPE REPORT
HEAD OFFICE LOCATION DETAILS
-----------------------------------------------------------------------------------------------------------------------------
SIZE OF PREMISE : 2,500 Square feet
TYPE OF OCCUPATION : Owned
PREMISES USED AS : Administration Office
PREVIOUS ADDRESS
-----------------------------------------------------------------------------------------------------------------------------
D-71, Shalaka Appartment,
D. N. Nagar
Behind Ymca
Andheri West
Mumbai - 400 053
Maharashtra
India
Date of Change: 25th January 2008
Nomad Films Limited 16

18. BUSINESS SCOPE REPORT
GROUP ENTITY
-----------------------------------------------------------------------------------------------------------------------------
Name of the
Legal Structure Line of Business
Entity
Guava Creative
Private Limited
Solutions Advertising Agency
Company
Private Limited
Nomad Events Private Limited
Event Management
Private Limited Company
Nomad
Private Limited Production of TV
Telefilms
Company programs
Private Limited
Distributor, Marketing and
Nomad Studios
Private Limited motion pictures and
Private Limited
Company ownership of IP rights of
Motion Pictures
Nomad Films Limited 17

19. BUSINESS SCOPE REPORT
REGISTRATION
-----------------------------------------------------------------------------------------------------------------------------
Permanent Account Number : AACCN7844G
Service Tax Registration Number : AACCM7844GST001
Importer exporter code : 0309083150
MEMBERSHIPS
-----------------------------------------------------------------------------------------------------------------------------
Association of Motion Pictures and TV Program Producers
Indian Motion Pictures Producers Association
IQ, Switzerland
AWARDS / CERTIFICATIONS
-----------------------------------------------------------------------------------------------------------------------------
Goa Fest 2007, Bronze for VFX (TV Commercial for Moser Baer)
Nomad Films Limited 18

20. BUSINESS SCOPE REPORT
FINANCIAL ANALYSIS
-----------------------------------------------------------------------------------------------------------------------------
Revenue and Net Profit
Revenue Net Profit
200,000 16,000
INR (In '000)
150,698 11,413
INR (In '000)
150,000 12,000
100,000 8,000
58,975
51,643 2,897
50,000 4,000
1,130
0 0
2008 2009 2010 2008 2009 2010
Revenue Net Profit
NOTE: Financials for FY 2008 and FY 2009 pertain to the partnership firm Nomad Films, whereas, the
financials for FY 2010 pertain to the public limited company Nomad Films Limited
REVENUE
The Company is engaged in advertising business. It is also engaged in production of television
commercials, feature films and television serials. It recently started event management also.
Revenue of the Company declined marginally by 12.43% in FY 2009. However in FY 2010 there was a
substantial increase in revenue.
Revenue and Net Profit Growth Margins
1200.00 40.00
910.00
30.00
800.00
Percentage
20.00
%
400.00
191.81 10.00
0.00
-12.43
-60.99 0.00
(400.00) 2008 2009 2010
2009 2010 Gross Profit Margin Operating Profit Margin
Revenue Growth Net Profit Growth Net Profit Margin
Nomad Films Limited 19

21. BUSINESS SCOPE REPORT
PROFIT
Gross Profit Margin
The gross profit margin of the Company declined from 30.84% in FY 2008 to 17.83% in FY 2009
mainly on account of increase in production expenses and cost of technical services in proportion of
revenue.
The gross profit margin increased to 24.95% in FY 2010 on account of decline in direct expenses in
proportion of revenue.
Operating Profit Margin
Despite a decline in general and administration expenses in proportion to revenue from 20.28% in FY
2008 to 13.51% in FY 2009, operating profit margin declined from 7.49% in FY 2008 to 3.68% in FY
2009 mainly on account of decline in gross profit margin.
Operating profit margin increased to 10.92% in FY 2010 mainly on account of increase in gross profit
margin.
Net Profit Margin
The net profit margin declined from 4.91% in FY 2008 to 2.19% in FY 2009 mainly on account of
decline in operating profit margin.
However, the net profit margin of Company increased to 7.57% in FY 2010 mainly on account of
increase in operating profit margin.
Nomad Films Limited 20

22. BUSINESS SCOPE REPORT
Tangible Networth and Capital Employed
Tangible Networth Capital Employed
20,000 36,000
INR (In '000)
15,098 25,855
INR (In '000)
15,000 27,000
19,884
16,348
10,000 18,000
3,376
5,000 9,000
2,601
0 0
2008 2009 2010 2008 2009 2010
Tangible Networth Capital Employed
Tangible networth includes equity capital, reserves and surplus less intangible assets, miscellaneous
expenditure and accumulated losses, if any.
It increased in FY 2009 on account of retention of profit. It increased substantially in FY 2010 as the
Company issued shares at a premium and profit retained by Company increased substantially.
Capital employed comprises of tangible networth and total debt. It decreased in FY 2009 mainly on
account of decline in short and long term loan taken from banks and financials institutions. It further
declined in FY 2010 as the company repaid its loans from banks and financials institutions.
Composition of Sources of Funds
(In Percentage)
Particulars FY 2008 FY 2009 FY 2010
Tangible Networth 10.06 16.98 92.35
Total Debt 89.94 83.02 7.65
Capital Employed 100.00 100.00 100.00
Composition of Borrowed Funds
(In Percentage)
Particulars FY 2008 FY 2009 FY 2010
Short Term Loans 8.43 6.23 -
Long Term Loans 91.57 93.77 100.00
Total Debt 100.00 100.00 100.00
Nomad Films Limited 21

23. BUSINESS SCOPE REPORT
Short term loans comprised of working capital borrowings from Barclays Bank. Whereas, the long term
loans mainly comprised of term loans from banks and financial institution and unsecured loans.
Composition of Borrowed Funds
(In Percentage)
Particulars FY 2008 FY 2009 FY 2010
Secured Loan 91.31 90.94 0
Unsecured Loan 8.69 9.06 100.00
Total Debt 100.00 100.00 100.00
Nomad Films Limited 22

24. BUSINESS SCOPE REPORT
Return on Networth and Return on Capital Employed
Return on Networth Return on Capital Employed
160.00
120.00
101.27
111.38
Percentage
120.00
Percentage
90.00
80.00 60.00
75.59
40.00 30.00
17.08
33.47 10.15
0.00 0.00
2008 2009 2010 2008 2009 2010
Return on Networth Return on Capital Employed
Return on networth declined sharply in FY 2009 on account of increase in tangible networth coupled
with decline in profit. However, it increased in FY 2010 on account of growth in profit being more than
increase in tangible networth.
(In Percentage)
Particulars FY 2009 FY 2010
Growth/(Decline) in Profit (60.99) 910.00
Increase in Tangible Networth 29.80 347.22
Return on capital employed declined marginally in FY 2009 on account of decline in EBIT being more
than decrease in capital employed. However, it increased in FY 2010 on account of growth in EBIT
coupled with a decrease in capital employed.
(In Percentage)
Particulars FY 2009 FY 2010
Growth/(Decline) in EBIT (54.29) 720.42
Increase/(Decrease) in Capital Employed (23.09) (17.78)
Particulars FY 2008 FY 2009 FY 2010
Interest Expenses (INR in Thousand) 1,518 888 0
Average Total Debt (INR in Thousand) - 19,881 8,879
Average Cost of Borrowed Funds (%) - 4.47 -
Return on Capital Employed (%) 17.08 10.15 101.27
Return on capital employed was more than average cost of borrowed funds in FY 2009.
Nomad Films Limited 23

25. BUSINESS SCOPE REPORT
Total Debt Equity Ratio and Interest Coverage Ratio
Total Debt Equity Ratio Interest Coverage Ratio
10.00 4.00
8.94
7.50 3.00
2.91
Times
Times
2.27
5.00 2.00
4.89
2.50 1.00
0.08 0.00
0.00 0.00
2008 2009 2010 2008 2009 2010
Total Debt Equity Ratio Interest Coverage Ratio
Total debt equity ratio is calculated as total debt divided by tangible networth.
Total debt equity ratio declined in FY 2009 and FY 2010 on account of increase in networth coupled
with a decline in total debt.
(In Percentage)
Particulars FY 2009 FY 2010
Increase in Tangible Networth 29.80 347.22
Growth/(Decline) in Total Debt (29.01) (92.43)
Interest coverage ratio indicates the adequacy of EBIT of the Company to cover its interest obligations.
(In Percentage)
Particulars FY 2009 FY 2010
Decline in Interest Expenses (41.50) -
Growth/(Decline) in EBIT (54.29) 720.42
It decreased in FY 2009 on account of decline in EBIT being more than decline in interest expenses.
Nomad Films Limited 24

26. BUSINESS SCOPE REPORT
Liquidity Ratios
Liquidity Change in Current Assets & Current
Liabilities
2.00
120%
1.44
1.50
y-o-y growth
1.44 80%
53%
Times
1.00
0.86 0.78 40%
0.86 0.78 10% 21%
0.50
0%
0.00 -17%
-40%
2008 2009 2010 2009 2010
Current Ratio Quick Ratio Current Assets Current Liabilities
Composition of Current Assets
(In Percentage)
Particulars FY 2008 FY 2009 FY 2010
Other Loans & Advances 48.03 35.12 47.95
Accounts Receivable 35.76 19.12 23.59
Cash and Bank 1.88 13.78 23.20
Tax Deduced at Source and Advance Tax 13.32 31.06 4.59
Other Deposits 1.01 0.92 0.67
Total 100.00 100.00 100.00
Composition of Current Liabilities
(In Percentage)
Particulars FY 2008 FY 2009 FY 2010
Accounts Payable 75.91 60.86 60.38
Provision for Fringe Benefit Tax - - 21.68
Provision for Income Tax - - 14.25
Due to Customers - 12.91 2.84
Duties and Taxes Payable 18.11 23.41 -
Bank Loan 5.49 2.38 -
Other Current Liabilities 0.49 0.44 0.85
Total 100.00 100.00 100.00
Nomad Films Limited 25

27. BUSINESS SCOPE REPORT
SWOT
-----------------------------------------------------------------------------------------------------------------------------
STRENGTHS
Reputed customer base
The Company enjoys good relationship with reputed customers and top advertising agencies
like Ogilvy and Mather Private Limited, Reliance, Contract Advertising Private Limited, James
Walter Thompson etc. which has facilitated repeat orders from them. It is associated with
Ogilvy and Mather since 5 years and Contract advertising Private Limited since 3 years.
Creative Team
Company is currently led by Mr. Junaid Memon, director and Mr. Amitabh Bhattacharya,
director. Mr. Junaid Memon has 13 years of experience in related field. Mr. Amitabh
Bhattacharya has prior work experience of working with top advertising agencies like James
Walter Thompson, Mudra and Leo Burnett. Their relevant experience and creativity helps in
driving the business of Company. Moreover, as informed it hires young people which help the
Company to have fresh and creative talent.
Less reliance on external funds indicating adequate scope to raise additional leverage to
fund the expansion plan
Debt equity showed a decreasing trend. It decreased to 0.08 in FY 2010. This indicates the
Company has scope to fund its future plans through additional leverage.
Adequate immediate solvency as indicated by quick and current ratio
The Current ratio and quick ratio of the Company were 1.44 in FY 2010 indicating sufficient
current assets to pay off its current liabilities. Current and quick ratio of the Company stood at
0.78 in FY 2009. This indicates that the liquidity of Company has improved to make short term
payment.
Nomad Films Limited 26

28. BUSINESS SCOPE REPORT
WEAKNESSES
Uneven Gross and Operating profit margin
Company had uneven trend in gross profit and operating profit margin throughout the period
under study. Both declined in FY 2009. However they increased in FY 2010, they were 24.95
and 10.92 respectively. Net profit margin was 7.57% in FY 2010. Inspite of increase Company
has low operating and net profit margins and it needs to improve on its profit margins.
Dependence on advertising business
As informed, Company earns major revenue from advertising business. It has four major
customers which contribute around 51% of total revenue. Moreover, 21% of revenue is earned
from Oligvy and Mather Private Limited. This may lead to customer concentration risk.
OPPORTUNITIES
Scope of expansion to international market
Currently revenue from international projects is only 6%. Company has scope of expanding to
international market. As informed it has plans to take up some more international projects
which will increase the topline of Company.
Business growth will help this Industry
As the Indian economy is coming out of slowdown, the business growth is back. The
inclination of Corporates to spend more on advertisement will help the Company to grow.
Expansion in broadcasting business
The Company is having expansion plans to launch a non news channel and to undertake
government projects. Thus, subject to successful execution of said plan, Company can expect
an increase in its topline.
THREATS
Competition
The industry is highly fragmented and therefore exposed to intense competition. Stiff
competition may affect the margins of Company.
Creative industry
As the Company operates in the industry where creativity plays a crucial role, any attrition in
the creative team may affect the performance of the Company.
Nomad Films Limited 27

29. BUSINESS SCOPE REPORT
ANNEXURE I - CORPORATE DIRECTORS
-----------------------------------------------------------------------------------------------------------------------------
Name : Junaid Abdulrazak Memon
Address : 115/922, Motilal Nagar No 1
Goregaon West
Mumbai - 400104
Maharashtra
India
Date of Birth : 2nd July 1971
Permanent Account Number : ACJPM4289J
Director Identification Number : 01295578
Current Title : Director
Started with Subject : 4th April 2003
Appointed to present position : 9th August 2007
Education : Diploma in Film making
Related Experience since : 1997
Active in daily operations : Yes
Name : Amitabh Bhattacharya
Address : A-1105-06, hill grange
Hiranandani estate
G. B. Rd patlipada
Thane, 400607
Maharashtra
India
Date of Birth : 1st March 1968
Permanent Account Number : E3428500
Director Identification Number : 01654859
Current Title : Director
Started with Subject : 4th April 2003
Appointed to present position : 9th August 2007
Education : Diploma in Film Making
Related Experience since : 1992
Active in daily operations : Yes
Nomad Films Limited 28

30. BUSINESS SCOPE REPORT
Name : Sona Bhattacharya
Address : 1105/06-A, Hill Grange
Hiranandani Estate
Ghodbunder Road
Thane – (W)
Thane- 400607
Maharashtra
India
Date of Birth : 17th July 1969
Permanent Account Number : AJIPB5879K
Director Identification Number : 01656550
Current Title : Director
Started with Subject : 9th August 2007
Appointed to present position : 9th August 2007
Education : Diploma in Fashion Designing
Related Experience since : 1992
Active in daily operations : No
Nomad Films Limited 29

31. BUSINESS SCOPE REPORT
ANNEXURE II - FINANCIAL STATEMENTS
----------------------------------------------------------------------------------------------------------------------------
Fiscal Balance Sheet as on 31st March 2010 (INR in Thousand)
Cash and Bank 11,971 Accounts Payable 21,699
Deposit-Short Term 346 Due to Customers 1,019
Accounts Receivable 12,177 Other Payables / Accruals 308
Loans and Advances 24,747 Prov. Income Tax 12,911
Tax Deducted at Source and
2,369
Advance Tax
Total Current Assets 51,610 Total Current Liabilities 35,937
Furniture, Fixtures & Fitting 172 Deferred Taxation 24
Office Equipment 83 Due to Directors / Shareholders 1,250
Computers Servers 294
Total Fixed Assets 549 Total Non-Current Liabilities 1,274
Investment in Affiliates 75 Capital 2,125
Shares 75 Share Premium 2,500
Retained Earnings 11,413
Total Investments 150 Total Equity 16,038
Other Intangibles 940
Total Intangibles 940
TOTAL LIABILITIES AND
TOTAL ASSETS 53,249 53,249
EQUITY
Nomad Films Limited 30

32. BUSINESS SCOPE REPORT
Profit and Loss Account (INR in Thousand)
For the year ended 31-Mar-08 31-Mar-09 31-Mar-10
Number of months 12 12 12
Fiscal Fiscal Fiscal
Revenue 58,975 51,643 150,698
Less: Cost of revenue (40,786) (42,434) (113,102)
Gross Profit 18,189 9,209 37,596
Other Operating Income - 1,084 -
General Operating Expenses (12,491) (7,312) (21,059)
Depreciation (1,283) (1,082) (78)
Net Operating Profit after Depreciation
4,415 1,899 16,459
and before Interest
Other Non-Operating Income - 119 97
Total Interest Expenses (1,518) (888) -
Net Profit before Tax 2,897 1,130 16,556
Income Tax - - (5,143)
Net Profit after Tax 2,897 1,130 11,413
Plus Retained Earnings B/F - - -
Retained Earnings C/F 2,897 1,130 11,413
Accounts are audited by Vijay G. Vaghela & Co.
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33. BUSINESS SCOPE REPORT
KEY RATIOS
FY 2008 FY 2009 FY 2010
GROWTH TREND
Revenue Growth (%) - (12.43) 191.81
Net Profit Growth (%) - (60.99) 910.00
LIQUIDITY
Quick Ratio (Times) 0.86 0.78 1.44
Current Ratio (Times) 0.86 0.78 1.44
SOLVENCY
Interest Coverage Ratio (Times) 2.91 2.27 -
Current Liabilities to Networth (%) 1,374.51 1,280.86 238.02
LEVERAGE
Total Debt Equity Ratio (Times) 8.94 4.89 0.08
Total Liabilities to Networth (%) 2,193.16 1,739.37 246.46
Fixed Assets to Networth (%) 1,102.27 832.79 3.64
EFFICIENCY
Collection Period (Days) 68 46 29
Revenue to Inventory (Times) - - -
Assets to Revenue (%) 101.14 120.24 34.71
Revenue to Net Working Capital (Times) (11.73) (5.43) 9.62
PROFITABILITY
Gross Profit Margin (%) 30.84 17.83 24.95
Operating Profit Ratio (%) 7.49 3.68 10.92
Return on Revenue (%) 4.91 2.19 7.57
Return on Assets (%) 4.86 1.82 21.82
Return on Networth (%) 111.38 33.47 75.59
Return on Capital Employed (%) 17.08 10.15 101.27
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34. BUSINESS SCOPE REPORT
CURRENCY: All amounts in this report are in local currency unless otherwise stated.
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