MIRA
INFORM REPORT
|
Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
NETURAL PUBLISHING HOUSE LIMITED |
|
|
|
|
Registered Office : |
3,Dacres Lane, 1st Floor, Kolkata – 700069, West Bengal |
|
|
|
|
Country : |
INDIA |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
13.10.1989 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U22219WB1989PLC047715 |
|
|
|
|
Registration No.: |
047715 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALN00846G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
ADCPC9941K |
|
|
|
|
Legal Form : |
Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Publishing of News Paper and
Magazines |
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 245000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having satisfactory
track. Directors are reported as experience and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered normal for
business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
3,Dacres Lane, 1st Floor, Kolkata – 700069, West Bengal |
|
E-Mail : |
pkcal@prabhatkhabar.com |
|
Website : |
http://www.prabhatkhabar.com |
|
|
|
|
Branches : |
K. Umashankar 168,CST Road,Agarwal Eatate, Vidyanagari, Kalina, Santacruz (E),
Mumbai |
|
Tel. No.: |
91-22-26526179 / 30645461 / 62/63/64/ 279 /281 |
|
Fax No.: |
91-22-26526774 / |
|
Mobile : |
91-9322670568 |
|
Email : |
mumbai@prabhatkhabar.com
/ uma@prabhatkhabar.com |
|
|
|
|
|
|
|
Branches : |
Amit Papney 312, Surya Kiran Building 19, Kasturba Ghandi Marg, New Delhi – 1 |
|
Tel. No.: |
91-11-23711436 / 23326168 |
|
Mobile : |
91-9312663306 / 32571822 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Ranchi : 15-P, Kokar
Industrial Area, Kokar, Ranchi – 834001 |
|
Tel No.: |
91-651-303-53100 / 105 /106/150 / 116/152 |
|
Fax No.: |
91-651-3053105 / 2544006 |
|
Mobile :` |
9431114266 / 9431114270 / 9334718600 |
|
Email : |
|
|
|
|
|
Branches : |
Jamshedpur : Thakur Pyyyara Singh Road, Kasidih, Jamshedpur – 831001 |
|
Tel No.: |
91-657-2432799 / 2431552 |
|
Fax No.: |
91-657-2432799 / 2429139 |
|
Mobile : |
91-9334803735 / 9431754445 |
|
Email : |
|
|
|
|
|
Branches : |
Dhanbad : Dhanbad Govindpur Road, Kola Kusume,
KG Ashram, Dhanbad |
|
Tel No.: |
91-326-2200910 / 2230895 / 2209852 |
|
Fax No.: |
91-326-2209854 |
|
Mobile : |
91-9334018112 / 933093444 / 9334096118 |
|
Email : |
|
|
|
|
|
Branches : |
Deoghar : Jhoshagari, Near Gaushal, Deoghar
Dumka road, Deoghar – 814112 |
|
Tel No.: |
91-6432- 238286 / 238285 / 238288 |
|
Fax No. : |
91-6432-238289 |
|
Mobile : |
91-9431012700 / 9431781412 / 9334375522 |
|
Email : |
|
|
|
|
|
Branches : |
Patna : Old By-Pass Road, Opp. Rajendra
NAgar Terminal, Kankarbagh, Patna – 800020 |
|
Tel No. : |
91-612-2342907 / 2342499 |
|
Fax No.: |
91-612-2342499 |
|
Mobile : |
91-9431012700 / 9431781412/ 933434-75522 |
|
Email : |
|
|
|
|
|
Branches : |
Kolkata : 3, James Hicky Sarani (Formerly
Dacres Lane ) Kolkata – 700069 |
|
Tel No.: |
91-33-22100178 / 22100598 |
|
Fax No. : |
91-33- 22100596 |
|
Mobile : |
91-9830193180/ 9331080987 |
|
Email : |
pkcal@prabhatkhabar.com |
DIRECTORS
|
Name : |
Mr.Ahutosh Agarwal |
|
Designation : |
Director |
|
Address : |
33, Raja Santosh Road, Flat No. 4c, Front Block, Alipore, Kolkata –
700 027, West Bengal |
|
Date of Birth/Age : |
18.07.1965 |
|
|
|
|
Name : |
Mr.Pradip Kumar Banka |
|
Designation : |
Director |
|
Address : |
28/1, Bhairab Datta Lane, PO. Salkia, Hawrah – 711106, Kolkata, West
Bengal |
|
Date of Birth/Age : |
30.11.1964 |
|
|
|
|
Name : |
Mr. Biharilal Santhalia |
|
Designation : |
Director |
|
Address : |
52 A, Sambhunath Pandit Street, Flat No. 20, Kolkata – 700025, West
Bengal |
|
Date of Birth/Age : |
08.04.1941 |
|
|
|
|
Name : |
M. C. Jain |
|
|
|
|
Name : |
G.D. Jain |
KEY EXECUTIVES
|
Name : |
Mr. Ashutosh Choubey |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mr. Surendra Nath Choubey |
|
Designation : |
Secretary |
|
Address : |
Near Officers Colony, Devi Mandap Road, Ranchi – 834005, Jharkhand - |
|
Date of Birth/Age : |
23.06.1969 |
|
Tel : |
91-651-3053158 |
|
Fax : |
91-651-2544006 |
|
Date of Appointment : |
01.08.2005 |
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Publishing of News Paper and Magazines |
|
|
|
GENERAL
INFORMATION
|
|
|
|
No. of Employees : |
About 300 |
|
|
|
|
Bankers : |
State Bank of India, Commercial Branch, Mecon Campus, Doranda,
Ranchi-834003 Jharkhand |
|
|
|
|
|
Amount Rate of
Interest |
|
Facilities : |
Cash Credit (Stock) Rs. 6.000 Millions @ 0.75% above SBAR Cash Credit (Books Debt ) Rs.24.000Millions @ 0.75% above SBAR Term Loan I (Existing )
Rs.17.100 Millions @ 1.25% above SBAR Terms Loan II (New )
Rs. 48.500 Millions
@ 2% above SBAR |
|
|
|
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
R K Garodia & Company (Charter Accountant ) |
|
Address : |
Sai Apartment, Kutchery Road, Ranchi – 834001, Jharkhand |
|
|
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,000,000 |
Equity Shares |
Rs.10/- Each |
Rs.50.000 Millions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4,450.000 |
Equity Shares |
Rs. 10/-
Each |
Rs.44.500
Millions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
44.500 |
44.500 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
27.870 |
19.481 |
|
|
4] (Accumulated Losses) |
|
|
|
|
|
NETWORTH |
|
72.370 |
63.981 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
37.699 |
35.623 |
|
|
2] Unsecured Loans |
|
57.061 |
61.828 |
|
|
TOTAL BORROWING |
|
167.130 |
169.821 |
|
|
DEFERRED TAX LIABILITIES |
|
7.190 |
7.869 |
|
|
|
|
|
|
|
|
TOTAL |
|
174.320 |
169.301 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
100.446 |
87.166 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
8.910 |
0.010 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
38.689 |
30.160 |
|
|
Sundry Debtors |
|
98.670 |
81.416 |
|
|
Cash & Bank Balances |
|
29.506 |
24.042 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
14.175 |
7.381 |
|
Total
Current Assets |
|
181.040 |
142.999 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
125.666 |
60.684 |
|
|
Provisions |
|
4.833 |
1.612 |
|
Total
Current Liabilities |
|
130.499 |
62.296 |
|
|
Net Current Assets |
|
50.541 |
80.703 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
14.423 |
1.422 |
|
|
|
|
|
|
|
|
TOTAL |
|
174.320 |
169.301 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
|
|
|
|
|
Other Income |
|
11.457 |
20.721 |
|
|
Total Income |
|
487.634 |
408.545 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
13.251 |
10.191 |
|
|
Provision for Taxation |
|
4.153 |
3.567 |
|
|
Profit/(Loss) After Tax |
|
9.098 |
6.624 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
|
0.000 |
0.000 |
|
|
Manufacturing Expenses |
|
0.000 |
0.000 |
|
|
Administrative Expenses |
|
0.000 |
0.000 |
|
|
Raw Material Consumed |
|
295.956 |
255.298 |
|
|
Purchases made for re-sale |
|
0.000 |
0.000 |
|
|
Consumption of stores and spares parts |
|
0.000 |
0.000 |
|
|
Increase/(Decrease) in Finished Goods |
|
0.000 |
0.000 |
|
|
Salaries, Wages, Bonus, etc. |
|
25.734 |
19.250 |
|
|
Managerial Remuneration |
|
0.000 |
0.000 |
|
|
Payment to Auditors |
|
0.077 |
0.045 |
|
|
Interest |
|
9.994 |
4.005 |
|
|
Insurance Expenses |
|
0.583 |
0.377 |
|
|
Power & Fuel |
|
7.683 |
6.192 |
|
|
Depreciation & Amortization |
|
16.877 |
15.504 |
|
|
Other Expenditure |
|
117.479 |
97.683 |
|
Total Expenditure |
|
474.383 |
398.354 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
|
PAT / Total Income |
(%) |
1.86
|
1.62 |
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.78
|
2.62 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.70
|
4.42 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.15 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.11
|
3.62 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.38
|
1.29 |
|
LOCAL AGENCY
FURTHER INFORMATION
Form 8
- Number of
Charge Holder : One
- Whether Consortium
Finance is involved : No
- Nature or
description of the instrument creating charge : Form C.1, C.2
and C.5 all dated 18.08.2005 Charged Registration on 28.09.2005
vide REC No. 1228110 & 1228115
- Amount
Secured by the charge (in case the amount is in foreign currency, rupee equivalent to be
state) : Rs. 100.000 Millions
cash credit (book debts ) Rs. 24.000 Millions, CC (Stock) Rs. 6.000
Millions T / L – Rs. 20.000 Millions Letter of credit , Rs.50.000
Millions, D D Purchase Rs. 2.500 millions (Within C C Limit)
- Brief of the
principal terms and conditions (example rate of interest, terms of
repayment, margin, etc.) and extent and operation of the charge : First
charge created on the stock and book debts and all fixed assets and
moveable asset of the company present and future. Rate of interest as per
SBAR being @ 10.25% p.a. Terms of Repayment being in 17 Qty. installments
beginning form 31.01.2006
- Particular of
the property charged (including location of the property) : 1. Stock
inventory and Book Debts of the company present and future
2. All fixed assets and moveable assets of
the company including equitable mortgage of land and building at Ranchi,
Jamshedpur and Dhanbad
·
Brief Description of the instrument modifying the charge under section
135 : Form C.IAC.2A and C.5 all
dated 16.03.2006 for sanction of term loan of Rs. 4850.000 Millions Vide Bank sanction letter No. CBR/09/959 dt.
27.02.2006 modifying the charges created earlier vide documents C.1, C.2 and
C.3 dt 18.08.2005
·
Date of instrument modifying the charge : 16.06.2006
Products :
1] Prabhat Khabar
2] Rozgar Prabhat
3] Main Hoon Ranchi
4] Deepawali Edition
5] Jharkhand Devlopment Report
6] Jharkhand Citizen Handbook
7] Right To Information
8] Palamu Ek Nazar Mein
9] Hazaribagh Ek Nazar Mein
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.66 |
|
UK Pound |
1 |
Rs.85.91 |
|
Euro |
1 |
Rs.58.44 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
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 |
|