MIRA
INFORM REPORT
|
Report Date : |
27.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
DAINIK
BHASKAR – UNIT OF WRITERS AND PUBLISHERS LIMITED |
|
|
|
|
Registered Office : |
6,
Dwarka Sadan, Press Complex, Maharana Pratap Nagar, Babibganj, Bhopal, Madhya
Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
13.01.1987 |
|
|
|
|
Com. Reg. No.: |
10-1714 |
|
|
|
|
CIN No.: [Company
Identification No.] |
L00221MP1981PLC001714 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BPLW00007A |
|
|
|
|
Legal Form : |
Closely
held public limited liability company |
|
|
|
|
Line of Business : |
Printer
and Publisher of `Dainik Bhaskar' Daily Newspaper in Hindi, simultaneously
published from Bhopal, Gwalior, Indore, Jabalpur, Bilaspur, Raipur, Srinagar,
Kota, Udaipur, Bikaner and Ajmer |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
4750000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is doing well. Directors are reported as experienced, respectable and
resourceful businessmen. Their trade relations are reported as fair. General
financial position is satisfactory. Payments are usually correct and as per
commitments. The
company can be considered good for business dealings at usual trade terms and
conditions. |
LOCATIONS
|
Registered Office : |
6,
Dwarka Sadan, Press Complex, Maharana Pratap Nagar, Babibganj, Bhopal, Madhya
Pradesh, India |
|
Tel. No.: |
91-755-2551601
/ 02 / 03 |
|
Fax No.: |
91-755-2270466 / 2270333 |
|
Telefax : |
0705-264
NEWSIN |
|
|
|
|
Publishing
Offices : |
6,
Dwarka Sadan, Press Complex, M. P. Nagar, Bhopal, Madhya Pradesh Tel.
No. 91-755-2551601 / 02 / 03 Fax
No. 91-755-2270466 / 2270433 Bhaskar
Lane, Jayendraganj, Gwalior, Madhya Pradesh Tel.
No. 91-751-2323965 - 67 Fax
No. 91-751-2320941 4/54,
Press Complex, A. B. Road, Indore - 452 008, Madhya Pradesh Tel.
No. 91-731-2554444 - 6 Fax
No. 91-731-2557555 Press
Complex, Rajbandha Mandan, G. E. Road, Raipur, Madhya Pradesh Tel.
No. 91-771-2535277 / 88 / 89 Fax
No. 91-771-2535255 Gumber
Complex, Nermal School Road, Bilaspur, Madhya Pradesh Tel.
No. 91-7752-246622 / 224850 Fax
No. 91-7752-223475 28/31,
Rani Mahal, Jhansi, Uttar Pradesh Tel.
No. 91-5172-2440033 / 2440044 Plot
No. 10, Opp. Vidya Ashram School, Malviya Nagar, Jaipur, Rajasthan Tel.
No. 91-141-2510568 / 2511357 / 2511357 Fax
No. 91-141-2517651 12-B,
Heavy Industrial Area, Jodhpur, Rajasthan Tel.
No. 91-291-2741936 / 2744585 Fax
No. 91-291-2744936 Civil
Lines, Near District Industries Centre, Ajmer, Rajasthan Tel.
No. 91-145-252444 / 252443 Fax
No. 91-145-2426021 New
Udaipur Printing House, Mahasatiya Ke Samne, Aayad, Udaipur, Rajasthan Tel.
No. 91-294-2419888 / 889 / 2413578 / 2422245 Bikaner
Printing House, Purani Ginnani, Ravistar House, Bikaner, Rajasthan Tel.
No. 91-151-2203988 / 2206988 Fax
No. 91-151-2528988 B-9/10,
Industrial Estate, Kota, Rajasthan Tel.
No. 91-744-2363838 / 9 Fax
No. 91-744-236354 5A,
Industrial Estate, Ganganagar |
|
|
|
|
Business
Offices : |
Gala
No. G3A, Kaman Wala Chambers, New Udyog Mandir 2, Mahim (West), Mumbai Tel.
No. 91-22-24445469 / 70 / 24459350 Fax
No. 91-22-24445469 Contact
Person: Mr. Eric 'D'Souza - Regional Manager Classic
House, 12-14/8, Doctor Lane, New Delhi Tel.
No. 91-11-23360397 / 23360378 / 23360466 Contact
Person: Mr. Kishore Sengupta - General Manager 57/1,
Pudda Pukar Road, Kolkata - 700 620, West Bengal Telefax: 91-33-24748911 Contact
Person: Mr. Tuhin Chattopadhyay 339, 4th
Floor, After Plaza Centre, 129-G. N. Chetty Road, Chennai - 600 006 Tel.
No. 91-44-28354235 Contact
Person: Hema Sreekumar SF-6,
City Point, Infantry Road, Bangalore, Karnataka Mobile: 9844064564 Contact
Person: Mr. Sravana 2,
Park Valley Flat, Paras Bagh Society, Kochrab, Kagdiwad, Ellis Bridge,
Ahmedabad, Gujarat Tel.
No. 91-79-26886107 Contact
Person: Mr. Nadim Jafri 2-2-1144,
Uma Mansion, New Nallakunta, Hyderabad, Andhra Pradesh Contact
Person: K. S. Gopalakrishanan 379,
Shanivar Peth, Opp. Kanyashala, Pune, Maharashtra Tel.
No. 91-20-2459002 Contact
Person: Mr. Shirish Atre 111/325,
Ashok Nagar, Kanpur, Uttar Pradesh Tel.
No. 91-512-2290827 Contact
Person: Mr. J. K. Awasthy A-5/1,
NSK Society, Near Ravi Nagar, Civil Lines, Nagpur, Maharashtra Tel.
No. 91-712-2524759 Contact
Person: Mr. Umesh Mahato 1/579,
Vishal Khand, Gomti Nagar, Lucknow, Uttar Pradesh Tel.
No. 91-522-2219542 Contact
Person: H. P. Singh Bundela SCO
145-146, 1st Floor, Sector 8C, Madhya Marg, Chandigarh Tel.
No. 91-172-2771256 / 2778331 / 2549416 / 7 Contact
Person: Capt. P. C. Chauhan B/7,
Shanti Vihar Colony, Post Office, B. V. College, Patna, Bihar Tel.
No. 91-612-2231210 / 2288558 Contact
Person: Mr. Sanjay Singh 3,
Gautam Nagar, Race Course Circle, Baroda, Gujarat Telefax: 91-265-2338443 S-18-50,
Kulkarni Niwas, Near LIC Branch Office, Paithan Gate, Main Road, Aurangabad,
Maharashtra Tel.
No. 91-240-2353374 Madhya Pradesh BHOPAL GWALIOR Phone :0751-2323965, 6, 7,
Rajasthan AJMER BIKANER FAX-528988
JAIPUR Fax-2517651 JODHPUR
KOTA Phone :363839,363840, 363736 Fax : 363737 UDAIPUR
Chattissgarh Bilaspur Fax : 64590 RAIPUR Fax : 535255,631671
CHANDIGARH PLOT 11,12 , SECTOR- 25 D HISSAR PANIPAT
DELHI Gol Market, New delhi
MUMBAI G-3A, Kamanwala Chambers, Mogul Lane, Mahim,
Mumbai-16 TeleFax : 4445469 |
DIRECTORS
|
Name : |
Mr.
Ramesh Chandra Agrawal |
|
Designation : |
Managing
Director |
|
Address : |
E
1/79, Arora Colony, Bhopal, Madhya Pradesh |
|
Date of Birth/Age : |
15.06.1944 |
|
Qualification : |
E
1/79, Arera Colony, Bhopal-462016, Madhya Pradesh, India |
|
Date of Appointment : |
13.01.1981 |
|
|
|
|
Name : |
Mrs.
Meena Garg |
|
Designation : |
Director |
|
Address : |
University
Campus, Sagar, Madhya Pradesh |
|
|
|
|
Name : |
Mr.
Govind Prasad Garg |
|
Designation : |
Director |
|
Address : |
Maina
Bali Gali, Gwalior, Madhya Pradesh |
|
|
|
|
Name : |
Mr.
Sudhir Agrawal |
|
Designation : |
Director |
|
Address : |
E
1/79, Arora Colony, Bhopal, Madhya Pradesh |
|
Date of Birth/Age : |
20.07.1967 |
|
Date of Appointment : |
10.10.2002 |
|
|
|
|
Name : |
Mr.
Girish Agarwal |
|
Designation : |
Whole
time Director |
|
Address : |
E
1/79, Arera Colony, Bhopal-462016, Madhya Pradesh, India |
|
Date of Appointment : |
01.12.2002 |
|
|
|
|
Name
: |
Mr.
Pawan Agarwal |
|
Designation
: |
Director |
|
Address
: |
E
1/79, Arera Colony, Bhopal-462016, Madhya Pradesh, India |
|
Date
of Birth/Age : |
31.07.1974 |
|
Date
of Appointment : |
25.09.2000 |
|
|
|
|
Name
: |
Mrs.
Namita Agarwal |
|
Designation
: |
Director |
|
Address
: |
E
1/79, Arera Colony, Bhopal-462016, Madhya Pradesh, India |
|
Date
of Birth/Age : |
12.06.1972 |
|
Date
of Appointment : |
01.12.2002 |
|
|
|
|
Name
: |
Mrs.
Jyoti Agarwal |
|
Designation
: |
Director |
|
Address
: |
E
1/79, Arera Colony, Bhopal-462016, Madhya Pradesh, India |
|
Date
of Appointment : |
08.03.2005 |
KEY EXECUTIVES
|
Name
: |
Mrs. Pooja Katare |
|
Designation
: |
Company Secretary |
|
Address
: |
H-21, Fortune Estate, Kolar Road, Bhopal-462042, Madhya Pradesh, India |
|
Date
of Birth/Age : |
20.04.1978 |
|
Date
of Appointment : |
18.09.2004 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr. Ramesh Chandra Agarwal |
202589 |
|
Mrs. Meena Garg |
201 |
|
Mrs. Kasturi Devi Agarwal |
139349 |
|
Mrs. Jtoti Agarwal |
125986 |
|
Mr. Sudhir Agarwal |
113957 |
|
Bhaskar Fiscal and Infrastructure |
670000 |
|
S. A. Trading and Investments Private Limited |
670000 |
|
Dev
Fiscal Services Private Limited |
201000 |
|
Bhopal
Financial Services Private Limited |
303000 |
BUSINESS DETAILS
|
Line of Business : |
Printer
and Publisher of `Dainik Bhaskar' Daily Newspaper in Hindi, simultaneously
published from Bhopal, Gwalior, Indore, Jabalpur, Bilaspur, Raipur, Srinagar,
Kota, Udaipur, Bikaner and Ajmer |
GENERAL
INFORMATION
|
No. of Employees : |
450 |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
State
Bank of Indore Shahpura
Branch, E-5/193, Arora Colony, Bhopal, Madhya Pradesh [The
company has been substantially assisted by Rajasthan State Industrial
Development & Investment Corporation Limited]. |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations : |
Good |
|
|
|
|
Auditors : |
Krishna
Gupta & Company Chartered
Accountants 105,
Parikalp Singhal Tower, 1st Floor, Above UCO Bank, Old High Court
Road, Gwalior-474009 |
|
Tel. No.: |
91-2328374/
5086435 |
|
Fax No.: |
91-751-2328374 |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity shares |
Rs. 100/- each |
Rs. 150.000 millions |
|
2500000 |
Preference
Shares |
Rs.100/-
each |
Rs.250.000 millions |
|
|
Total |
|
Rs.400.000
millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
991970 |
Equity shares |
Rs. 100/- each |
Rs. 99.197 millions |
|
2300000 |
Preference Shares |
Rs.100/- each |
Rs.230.000 millions |
|
|
|
|
Rs.329.197 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
329.197 |
294.784 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
874.890 |
458.701 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1204.087 |
753.485 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
1377.763 |
671.339 |
|
|
2] Unsecured Loans |
|
225.220 |
382.787 |
|
|
TOTAL BORROWING |
|
1602.983 |
1054.126 |
|
|
DEFERRED TAX LIABILITIES |
|
159.582 |
119.764 |
|
|
|
|
|
|
|
|
TOTAL |
|
2966.652 |
1927.375 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1575.180 |
1122.379 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
21.758 |
11.229 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
359.560 |
333.679 |
|
|
Sundry Debtors |
|
740.608 |
319.597 |
|
|
Cash & Bank Balances |
|
217.669 |
219.830 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
404.178 |
33.249 |
|
Total Current Assets |
|
1722.015 |
906.355 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
292.911 |
131.419 |
|
|
Provisions |
|
91.245 |
23.608 |
|
Total Current Liabilities |
|
384.156 |
155.027 |
|
|
Net Current Assets |
|
1337.859 |
751.328 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
Pre-Operative Expenses |
|
31.855 |
42.439 |
|
|
|
|
|
|
|
|
TOTAL |
|
2966.652 |
1927.375 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
|
6118.009 |
5155.803 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
306.921 |
168.758 |
|
Provision
for Taxation |
|
(3.677) |
(1.540) |
|
Profit/(Loss)
After Tax |
|
310.598 |
170.298 |
|
|
|
|
|
|
Total
Expenditure |
|
5811.087 |
1987.045 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
|
5.08 |
3.30 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
|
5.01 |
3.27 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
9.25 |
8.27 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
|
0.25 |
0.22 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
1.65 |
1.60 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
|
4.48 |
5.85 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8 Particular for creation or modification of
charges
|
Name of the company |
WRITERS
AND PUBLISHERS LIMITED |
|
Presented By |
Mr. R.C.
Agarwal/ Mr. Sudhir Agarwal, Director |
|
1) Date and description of instrument creating the change |
Agreement for hypothecation of Plant and Machinery and other fixed asserts dated 30.06.2004 and memorandum of entry dated 11.07.2004 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.115.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Primary security – hypothecation of plant and machinery existing and future, relating to Surat project. Equitable mortgage of land and building acquired/ constructed at Surat. Collateral – Extension of charge on entire current assets fof the company. Extension of 2nd pari passu charge on the fixed assets fof the company at 6, M.P. Nagar, Bhopal, already charged to us to secure the working capital facilities. Corporate Guarantees of Bhaskar Graphic and Allied Industries Private Limited Perswonal Guarantees of Mr. R. C. Agarwal, Mr. Sudhir Agarwal, Mr. Girish Agarwal and Mr., Pawan Agarwal |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The advances shall be utilised only for the purchase of land, factory and office building, plant and machinery including DG set, Electricals and for no other purpose. Advance repayable in 26 quarterly instalments (2 quarterly instalment of Rs.2.500 millions each. 4 quarterly instalments of Rs.4.500 millions each and 16 quarterly instalments of Rs.5.000 millions each) plus interest. First instalment shall be due o0n 31.12.2005 Interest shall be payable at the rate of 1% above BPLR + 0.50% premium i.e. 12.25% p.a. payable monthly. The whole advance to become repayable forthwith in the event of violations of conditions specified. Borrower not to create any other charge, security or lien without the written consent of the bank. Borrower to insure the property charged |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of Indore, Shahapura, Bhopal |
|
6) Date and brief description of instrument modifying the charge |
N.A. |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
N.A. |
|
Name of the company |
WRITERS
AND PUBLISHERS LIMITED |
|
Presented By |
Pooja Katare
– Company Secretary |
|
1) Date and description of instrument creating the change |
Agreement of Cash Credit dated 12.04.1998 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.30.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
All the Borrower’s present and future book debts, outstanding moneys, receivables,, claims, engagements, securities, investments, rights and assets of hypothecation of book debts, charge over fixed assets and 2nd charge over the fixed assets at Jaipur |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Margin 50% Interest @ 16.25%p.a. + Interest Tax |
|
5) Name and Address and description of the person entitled to the charge. |
State bank of Indore, Shahapura, Bhopal |
|
6) Date and brief description of instrument modifying the charge |
Agreement of Cash Credit – Hypothecation of Debts and Assets dated 15.12.2004 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Limit : Increase in limit by Rs.100 millions aggregating to Rs.320 millions Further Security : Hypothecation of entire current assets of the company lyingh at Bhopal, Raipur, Bilasour, Noida, Jodipur. 2nd charge of conm[pany’s fixed assets at Jaipur, Bhopal, chandigarh Personal Guarantees fo Mr. Ramesh ?Chandra Agarwal, Mr. Sudhir Girish Agarwal, Corporate Guarantees of Bhaskar Graphics and Printing Arts Limited and Bhaksar Publications and Allied Industries Private Limited Margin 35% Interest on cash credit 3.25% below BPLR 7.5% for the present payable : Monthly. |
|
Name of the company |
WRITERS
AND PUBLISHERS LIMITED |
|
Presented By |
Mr. R.C.
Agarwal, Director |
|
1) Date and description of instrument creating the change |
The 26.12.1995. No Formal agreement has been executed by the cdoimpany. The charge has been created by simple deposit of title deeds with State Bank of India, Industrial Financial Branch, Bhopal to secure the overall limit of Rs.96.400 millions guaranteed to Bhaskar Industries Limited, a group company |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Overall limit of Rs.96.400 millions comprising Term Loan of Rs.40 millions, cash credit limit of Rs.41.4 millions and Bank Guarantee limit of Rs.15 millions repayable and dischargeable by Bhaskar Industries Limited to the Bank in terms of the Agreement of loan dated 26.12.1995 |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Equitable mortgage of land and building of the company located at Plot No.220B, Phase II, Industrial Estate, Noida as Collateral security |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Charge operates inter alia as security for the due repayment of and discharge by Bhaskar Industries Limited of Rs.96.4 millions and of the charge, interest, cost and other moneys due to the Bank in terms of the said agreement. The charge created under the said agreement is to be a continuing security till its satisfaction of the charge |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of India Commercial Branch, Local Head Office Premises, Hosheangabad Road, Bhopal |
|
6) Date and brief description of instrument modifying the charge |
13.05.2005. No instrument was executed A mortgage by deposit f title deeds was created by the company in favour of SBI of overall revised limit of Rs.561 millions comprising f Cash credit of Rs.167 millions Term Loan Rs.275 millions, Bank guarantee Limit of Rs.2 millions LC Limit Rs.40 millions A certified copy of the recirtal is enclosed. |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The overall limit of Rs.96.4 millions payable by Bhaskar Industries Limited to SBI in terms of said Loan Agreement dated 26.12.1998, 19.06.2000, 22.10.2001, 25.11.2002 charge is now modified to secure the enhanced limit of Rs.561 millions by the said mortgage by constructive delivery of the title deeds, created by the company on 13.05.2005 in favour of SBI. |
BUSINESS
Subject is
a Printer and Publisher of `Dainik Bhaskar' Daily Newspaper in Hindi,
simultaneously published from Bhopal, Gwalior, Indore, Jabalpur, Bilaspur,
Raipur, Srinagar, Kota, Udaipur, Bikaner and Ajmer.
The
scheme of Amalgamation of Bhaskar Graphic and Printing Arts Limited (BGPL) with
the company has been approved by the Honarable High court of Madhya Pradesh,
Indore Bench on 30.11.2004. The erstwhile Bhaskar Graphic and Printing Arts
Limited (BGPL) stands merged with the company with effect from 01.04.2004. The
annual report of Writers and Publishers Limited has been prepared after giving
effect to the amalgamation.
Amalgamation of Bhaskar Graphic and Printing
Arts Limited with the company:
The
company Bhaskar Graphic and Printing Arts Limited has been merged with the
company by the order of honerable High Court of Madhya Pradesh, Indore Bench on
30.11.2004. In terms of the Scheme of Amalgamation of the Company issued and
allotted 357630 Equity shares of Rs.100/- each to the members of the erstwhile
Bhaskar Graphic and Printing Arts Limited.
Due to
the Amalgamation of Bhaskar Graphic and Printing Arts Limited with the company
the profits of the company for this year has been increased Profit after tax
for this year amounts to Rs.226.921 millions in comparison of the last year,
which was Rs.152.458 millions. The total Turnover during the year stands at
Rs.6118.009 millions in comparison to the last year which stood at Rs.2155.803
millions.
Website Details :
Bhaskar Group is a 17000 millions business
conglomerate with strong presence in Newspapers. Television, Entertainment,
Printing, Textiles, Fast Moving Consumer Goods, Oils, Solvents
and Internet Services.
The group has rocketed to the top of the print media industry in India
with its flagship Hindi daily
newspaper, Dainik Bhaskar, and
the Gujarati newspaper, Divya Bhaskar.
Brand 'Bhaskar' is today synonymous with success, quality, dynamism and ethics
in millions of households across India and the corporate world
alike.
Dainik Bhaskar - Hindi News Paper
The family flagship
newspaper Dainik Bhaskar achieved leadership position in the state of Madhya
Pradesh in 1992. In 1996, Rajasthan became the focus of the group and Jaipur
edition was launched in December 1996 followed by six other editions in the State
of Rajasthan and established No.1 position in the state. The Jaipur launch of
Dainik Bhaskar has become a "case study" in the leading business
schools of India.
After achieving leadership position in Rajasthan, the group decided to enter
the Chandigarh market and launched its edition in June 2000. The challenge in
Chandigarh was unique. It was the only city in India where English had more
readership than vernacular dailies. The challenge was that Hindi was just not
being read.
Dainik Bhaskar changed
this pattern and is now the largest read newspaper in Chandigarh. After the
success in Chandigarh, the group launched its edition in the state of Haryana
to empower the north and now people of Haryana have their "own
newspaper" Dainik Bhaskar, which is the No. 1 in all the state of its
presence with a circulation of 2.3 millions per day.
The Bhaskar Group Launched its Gujarati newspaper "Divya Bhaskar" in
June 2003 from Ahmedabad. In just three years of its time Divya Bhaskar covers
the entire state of Gujarat with 5.5 millions of readers (NRS 06). Divya
Bhaskar is also acclaimed as No. 1 newspaper in Gujarat (NRS 06).
Divya Bhaskar also Launched its international edition in May 2004
Dainik Bhaskar is published from following centers
Ø Madhya
Pradesh
Ø Bhopal
Ø Indore
Ø Gwalior
Ø Jabalpur
Ø Satna
Ø Chattisgarh
Ø Raipur
Ø Bilaspur
Ø Rajasthan
Ø Jaipur
Ø Jodhput
Ø Udaipur
Ø Ajmer
Ø Bikaner
Ø Kota
Ø Shriganganagar
Ø Haryana
Ø Panipat
Ø Hisar
Ø Faridabad
Ø gurgaon
Ø Chandigarh
Ø Chandigarh
and Himachal Pradesh
Ø Gujarat
( Divya Bhaskar )
Ø Ahmedabad
Ø Baroda
Ø Surat
Ø Bhavnagar
Ø Rajkot
Ø Mumbai
Ø Uttar
Pradesh
Ø Jhansi
Ø Maharashtra
Ø Nagpur
More than 35,00,000 copies are circulated from the
above mentioned editions every day whereas in 1992, 2,28,000 copies were
circulated in Madhya Pradesh and Uttar Pradesh.
According to the recent NRS Survey 2006, Bhaskar Group
of Newspapers has been described as the Number One newspaper (all languages) in
the country. It is the largest read newspaper group with 26.5 millions readers.
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the subject of any
formal or informal allegations, prosecutions or other official proceeding for
making any prohibited payments or other improper payments to government
officials for engaging in prohibited transactions or with designated parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation
with Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation
Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions
that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.24 |
|
UK
Pound |
1 |
Rs.86.95 |
|
Euro |
1 |
Rs.57.33 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|