Attachment 1
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Report
Update On |
26th July, 1999 |
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Report on |
ABHIMANI PUBLICATIONS PRIVATE
LIMITED |
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Registered Office |
2/4 Dr. Rajkumar Road, Rajaji
Nagar, Bangalore – 560 010, Karnataka, INDIA |
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Tel. No. |
91-80-335 3141 / 335 6291 / 335 6297 / 338 0324 |
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Fax No. |
91-80-330 4072 / 330 4073 |
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E-Mail |
-- |
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Telex |
-- |
Attachment 2
S U M M A R Y
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Incorporated |
1988 |
Status |
Moderate |
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Registration No. |
8978 |
Chief Executive |
Mr. T. Venkatesh |
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Capital (Rs.) |
0.378 millions |
Payments |
Slow |
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Sales (Rs.) |
1.327 millions |
Litigation |
-- |
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Net Worth (Rs.) |
(-) 1.030 millions |
Banking Reputation |
Moderate |
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No. of Employees |
40 |
Auditors |
B. S. Prakash & Company |
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Credit Rating |
Ca (See attachment 3) |
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INDUSTRY
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FACTORY
K 96, 80 Feet Road, Rajaji Nagar, Bangalore – 560 021, Karnataka, INDIA
K Plot No. 477E, 4th Phase, Peenya Industrial Area, Bangalore - 560 058, Karnataka, INDIA
BRANCH
Nil
HISTORY
The company was incorporated on 16th March, 1988 at Bangalore in Karnataka having Company Registration Number 8978 (ROC. BANGALORE).
LEGAL FORM
It is a Private Limited Liability company.
DIRECTORS
Mr. T. Venkatesh Managing Director
Mr. S. G. Vijayalakshmi
Mr. T. Nagaraj
Mrs. Sunanda Chinnappa
MAJOR
SHAREHOLDERS
Directors 2,400 Shares 63.50%
Top 50 1,380 Shares 36.50%
BUSINESS
This is a Publishing Wing of Abhimani Prakashana of which the above directors are partners. This is one of the lowest volume of publishing houses in Bangalore.
The circulation of these magazines and fortnightlies are far below normal. (Abhimani Tropical Fortnightly, Kreedabhimani, Sports Fortnightly).
The company's List of Publications is as under :
K Abhimana - Kannada Daily
K Abhimani - Topical Fortnightly
K Aragini - Kannada Film Weekly
K Police File - Kannada Crime Weekly
K Kreedabhimani - Kannada Sports Weekly
K EE Sanje - Kannada Evening Daily
K Taayi - Womens Monthly
The unit is being revived by restarting dailies.
The company operates from a caption rented office premises. Caption factory is also rented. The other factory is of area admeasuring 2,626 sq. mtrs. and is owned by the company.
The company employs 40 persons in different set-ups.
PARENT COMPANY
K Abhimani Prakashana
BANKERS
K Indian Bank, K. G. Road Branch, Bangalore – 560 009, Karnataka, INDIA
K Allahabad Bank, K. G. Road, Bangalore - 560 009, Karnataka, INDIA
[Facilities : Limit – Rs.1.5 millions]
FINANCIAL INFORMATION
The company’s last available financial information for the period ended 31st March, 1992 is enclosed herewith.
CAPITAL STRUCTURE
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Authorised Capital : |
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10,000 |
Equity Shares of Rs.100/- each |
Rs.1.000 million |
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Issued, Subscribed &
Paid-up Capital : |
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3,780 |
Equity Shares of Rs.100/- each |
Rs.0.378 million |
COMMENTS
Subject is a small publishing house and circulations of the publications are far below normal. The company is being revived by restarting dailies. Financial positions is poor (as per last available details). The company’s payments are reported as slow and delayed.
The company can be considered for any business dealings on safe and secured trade terms and conditions.
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IMPORTANT FINANCIAL INFORMATION
[figures are in Rupees Millions]
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PARTICULARS |
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31.03.1992 |
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Sales Turnover |
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1.327 |
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[including other income] |
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Profit/(Loss) Before Tax |
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(1.398) |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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(1.398) |
ABRIDGED BALANCE SHEET AS ON 31ST March, 1992
[figures are in Rupees Millions]
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SOURCES OF FUNDS |
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31.03.1992 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.378 |
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2] Reserves & Surplus |
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0.000 |
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LOAN FUNDS |
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1] Secured Loans |
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0.437 |
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2] Unsecured Loans |
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1.027 |
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GRAND TOTAL
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1.842 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.506 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.026 |
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Sundry Debtors |
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0.615 |
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Cash & Bank Balances |
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0.117 |
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Loans & Advances |
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0.162 |
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Total Current Assets |
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0.920 |
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Less : |
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Current Liabilities & Provisions |
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0.992 |
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Net Current Assets |
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(0.072) |
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PROFIT & LOSS ACCOUNT |
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1.408 |
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GRAND TOTAL
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1.842 |
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution
needed for credit transaction. It has above average (strong) capability for
payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded
healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly
Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. Maybe drawn to slightly difficult position as
unfavourable conditions arise. Minimal assurance for timely payment on
interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable & favourable factors carry similar
weight in credit consideration. Capability to overcome financial difficulties
seems comparatively limited or considered not known. Capability to pay both
interest and principal sums is doubtful |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest
and principal sums in default or expected to be in default upon maturity |
Limited
with full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
Attachment 4
INDIA
INDIA, a Union of States, is a Sovereign Socialist Secular Democratic Republic with a Parliamentary System of government. It covers an area of 32872631 sq. km. Population, as on 1st March, 1991 (last counted) stood at 846.30 millions.
The value of total foreign trade increased to Rs.2,778,392.8 millions in 1997-98. During 1997-98, it’s total exports amounted to Rs.1,262,857.6 millions and imports increased to Rs.1,515,535.2 millions.
As on 20th April, 1999, Standard and Poor’s affirmed its ratings for India and said the country’s outlook was stable despite weak coalition governments. S&P affirmed its BB foreign currency and the BBB local currency ratings for India. The B foreign currency and A3 local currency short-term issuer credit ratings were also affirmed. The outlook is stable. Official foreign exchange reserves cover about 165 percent of total government, public sector and private sector external principal-repayment obligations due within the next 12 months. At $32.6 billion as on April 7, 1999, they mitigate the risk of a sudden loss of external confidence even as exports decelerate and the trade gap widens, the agency said.
LEADING EONOMIC INDICATORS
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Outstanding As On |
% Variation Over |
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Banking, M3 & Forex (Rs. mlns.) |
Feb. 26, 1999 |
End-March 1998 |
Financial Year So Far |
Year Ago |
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1997-98 |
1998-99 |
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Aggregate Deposits |
6,983,380 |
6,054,100 |
15.3 |
15.3 |
19.8 |
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Demand Deposits |
1,029,500 |
1,025,130 |
0.2 |
0.4 |
13.4 |
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Time Deposits |
5,953,880 |
5,028,970 |
18.7 |
18.4 |
20.9 |
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Investments |
2,519,660 |
2,187,050 |
12.3 |
15.2 |
17.7 |
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Government Securities |
2,203,170 |
1,869,570 |
14.2 |
17.8 |
21.4 |
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Other Approved Securities |
316,490 |
317,480 |
2.7 |
-0.3 |
-2.3 |
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Bank Credit |
3,547,420 |
3,240,790 |
12.4 |
9.5 |
13.3 |
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Food Credit |
167,320 |
124,850 |
62.4 |
34.0 |
35.6 |
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Non-food Credit |
3,380,110 |
3,115,940 |
11.0 |
8.5 |
12.4 |
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Money Supply M3 (Feb. 26, 1999) |
9,455,060 |
8,253,890 |
13.4 |
14.6 |
18.8 |
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Net Bank Credit to Government |
3,868,200 |
3,306,190 |
11.4 |
17.0 |
20.3 |
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Reserve Bank Credit to
Government |
1,543,690 |
1,351,600 |
5.1 |
14.2 |
18.3 |
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Bank Credit to Commercial
Sector |
4,651,290 |
4,321,900 |
11.8 |
7.6 |
10.6 |
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FOREX (US$ mln.) March 19, 1999 |
312,350 |
293,670 |
7.0 |
6.4 |
10.5 |
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Foreign Currency Assets |
282,560 |
259,750 |
11.1 |
8.8 |
13.7 |
FOREIGN INSTITUTIONAL INVESTMENT IN INDIA
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Financial Year |
Gross Purchases (Rs. mlns.) |
Gross Sales (Rs. mlns.) |
Net Investment (Rs. mlns.) |
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1992-93 |
175 |
40 |
135 |
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1993-94 |
55,927 |
4,665 |
51,262 |
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1994-95 |
76,310 |
28,354 |
47,966 |
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1995-96 |
96,930 |
27,520 |
69,420 |
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1996-97 |
155,540 |
69,804 |
85,746 |
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1997-98 |
186,948 |
127,373 |
59,577 |
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1998-99 |
161,150 |
176,993 |
-15,844 |
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Total |
732,980 |
434,749 |
298,262 |
FOREIGN EXCHANGE RATES
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Currency |
Unit |
Indian
Rupees |
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US Dollar |
1 |
Rs.42.74 |
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UK Pound |
1 |
Rs.68.42 |
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Euro |
1 |
Rs.45.25 |
Attachment 5
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate to
let us know.
Thank you.
_____________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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GOOD |
FAIR |
POOR |
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Content |
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Layout and
Presentation |
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Speed of Delivery |
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Overall Impression |
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Further Comments/Suggestion :
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Company’s Stamp &
Signature