1. Summary Information
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|
|
Country |
India |
|
Company Name |
THE TRIBUNE
TRUST |
Principal Name 1 |
Mr. R. S. Talwar – Trustee |
|
Status |
Good |
Principal Name 2 |
Dr. R. P. Bambah – Trustee |
|
|
|
Registration # |
-- |
|
Street Address |
Sector -29 – C,
Chandigarh 160029, Punjab, India |
||
|
Established Date |
1881 |
SIC Code |
-- |
|
Telephone# |
91-172-2655066
/72 |
Business Style 1 |
Publisher |
|
Fax # |
91-172- 2651291 /
2651293 |
Business Style 2 |
Printing |
|
Homepage |
Product Name 1 |
Newspaper |
|
|
# of employees |
1300 (Approximately) (In Office) |
Product Name 2 |
-- |
|
Paid up capital |
-- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
Allahabad Bank, Branch. 29 C, Chandigarh, Punjab, India |
|
Public Limited Corp. |
NO |
Business Period |
129 years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
A (63) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
1,350,000,000 |
Net Profit |
-- |
|
Sales(Previous yr) |
1,300,000,000 |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
THE TRIBUNE TRUST |
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|
|
|
Registered Office : |
Sector -29 – C, |
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|
|
|
Country : |
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Financials (as on) : |
31.03.2011 |
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|
|
Year of Establishment : |
1881 |
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|
|
Legal Form : |
It is a public trust with an unlimited Liability. |
|
|
|
|
Line of Business : |
Publisher and Printing of Newspapers. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is old established and reputed publisher of newspapers.
Financial position is good. Payments are correct and as per commitments. It can be considered good for normal business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Anil Pandey |
|
Designation : |
General Manager Account |
|
Contact No.: |
91-9814037336 /91-172-5073153 (Direct No) |
|
Date : |
23.04.2011 |
LOCATIONS
|
Registered Office : |
Sector -29 – C, |
|
Tel. No.: |
91-172-2655066 /72 |
|
Fax No.: |
91-172- 2651291 / 2651293 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Representative Office: |
16, Tel No: 91-33-22478926 / 22476777 / 22402667 (Res.) B-9, Sideo Estate, Kedungaiyur, Sishil Haridas, Chennai,
Tamil Tel No: 91-44-2537 1140 1260, Vijaynagar, Hosahalli Extension, T.C.S. Basavaraj, H. No. 193, Road No. 7, West Nehru Nagar, D.N. Gupta, Secunderabad, Andhra Pradesh, India Tel No:91-40-27800154 / 27802674 |
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Sub Offices: |
91-11-23310045 /2331 (Res.) 91-11-25195367 Hall Bazar, 91-183-2557099 Chhotibana Dari, 91-175-2212110 Bhadayrhouse, A. C. Market, 91-161-2707410 91-181-2226116 1129, Sector 22-B, 91-712-5087699 Gayatri Bhavan Sone Path, Rohtak, 91-1262-230080 Amar Niwas The Mall, Shimla, Rajasthan, Himachal Pradesh 91-177-2202388 B-9, SIDCO Estate, Kodunguiyur, Chennai – 600018, Tamil 91-44-25545431/534114091-44-25540571 (Marketing Department) 9841010723 16, 91-33-22478926/22476777 / 91-33-22479163 / 9830049220 No.3, CPR Layout, II Cross, Kamanahooli, Main Road, St. Thomas Town PO, Bangalore – 560084, Karnataka, India 91-80-5446955 / 9845234036 49-B, Raja Bahadur Compound, 32 91-22-22656541/24094242 / 9821064509 917, Raheja Chambers, 213 Nariman Point, Mumbai 91-22-22873683 |
MEMBERS
|
Name : |
Mr. R. S. Talwar – Trustee |
|
Designation : |
I.A.S. (Retired), Former Chief Secretary of Government of |
|
|
|
|
Name : |
Dr. R. P. Bambah – Trustee |
|
Designation : |
Former Vice Chancellor, |
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|
Name : |
Mr. Justice S. S. Sodhi |
|
Designation : |
I.A.S. (Retired), Former Chief Justice, |
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|
Name : |
Mr. N. N. Vora |
|
Designation : |
I.A.S. (Retired) |
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|
Name : |
S. S. Mehta |
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|
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KEY EXECUTIVES
|
Name : |
Mr. Anil Pandey |
|
Designation : |
General Manager Account |
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Publisher and Printing of Newspapers. |
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|
|
Terms : |
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|
Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Corporate/ Individuals |
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No. of Employees : |
1300 (Approximately) (In
Office) |
|
|
|
|
Bankers : |
v
Allahabad Bank, Branch. 29 C, v
State Bank of v
HDFC Limited, Panckula, |
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Banking
Relations : |
- |
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|
|
|
Auditors : |
|
|
Name : |
S. P. Chopra and Company Chartered Accountants |
|
Address : |
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|
Tel. No.: |
91-22-23730770 |
|
|
|
|
Memberships : |
v
Indian Newspaper Society, v
Audit Bureau of Circulations Limited, Mumbai, |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
-- |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Sales Turnover |
1350.000 |
1300.000 |
1200.000 |
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LOCAL AGENCY FURTHER INFORMATION
Subject was established on 2nd February, 1881 at
Subject started publication on February 2, 1881, in
The English edition apart, the 124-year old Tribune has two sister
publications, Punjabi Tribune (in
Justice Pathak heads The Tribune Trust
Tribune News Service
Justice Raghunandan Swarup Pathak, a former Chief Justice of
India and an former Judge of the
Justice Pathak joined The Tribune Trust as one of its members in August, 1994. He is 77. Known for his self-effacing low-key image, Justice Pathak has held several prestigious positions at home and abroad.
A son of Mr Gopal Swarup Pathak, a former Vice-President of
India, Justice Pathak enrolled as an advocate at the Allahabad High Court in
1948 and at the
In February, 1978, he was elevated as Judge of the Supreme Court and rose to become the Chief Justice of India on December 21, 1986. On June 19, 1989, he resigned as the Chief Justice to join the International Court of Justice. He became the third Indian to be elected to the world court, the principal judicial organ of the United Nations.
As a Judge of the Supreme Court and the Chief Justice of
India, Justice Pathak delivered a good number of judgments on a variety of
subjects, including the famous Judges’ transfers’ case where he maintained that
Judges could not be transferred without their consent and that the approval of
the Chief Justice was essential. The release of Sant Harchand Singh Longowal,
the
Justice Pathak was the Co-President, Court of Arbitration
for Sport Ad Hoc Division, 1996 (Atlanta) and 2000 (Sydney) Olympic Games and
the Winter Olympic Games (Nagano-1998).For the 1998 Commonwealth Games in Kuala
Lumpur, he was the President of the Court of Arbitration. He is also the
President of the Court of Arbitration for the Winter Olympic Games to be held
at
He also had a close relationship with the Shivalik and
Himalayan region during his tenure as the Chief Justice at Shimla. He is also
the Member of the IUCN Commission on Environmental Law. Among his several
laurels is an honorary doctorate from
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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. 44.45 |
|
|
1 |
Rs. 73.35 |
|
Euro |
1 |
Rs. 64.78 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
60 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.