1. Summary Information

		Country	India
Company Name	Jagati Publications Limited	Principal Name 1	Mr. Yeduguri Sandinti Bharathi Reddy
Status	Moderate	Principal Name 2	Mr. Yerramreddy Eswara Prasada Reddy
		Registration #	01-51651
Street Address	6-3-249/1, Sakshi Towers, Road No: 1, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India
Established Date	14.11.2006	SIC Code	--
Telephone#	91-40-23256000	Business Style 1	Printing
Fax #	91-40-23305113	Business Style 2	Publication
Homepage	http://www.sakshi.com	Product Name 1	Newspapers
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs.1,061,418,150/-	Product Name 3	--
Shareholders	Bodies corporate- 97.61%, Directors or relatives of directors- 0.01%, Other to fifty shareholders- 2.38%	Banking	Oriental Bank of Commerce
Public Limited Corp.	No	Business Period	5 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (33)
Related Company
Relation -	Country	Company Name	CEO
Subsidiary Company	--	Indira Television Limited	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	3,909,903,000	Current Liabilities	381,443,000
Inventories	1,016,329,000	Long-term Liabilities	0,000,000
Fixed Assets	3,234,353,000	Other Liabilities	8,777,000
Deferred Assets	130,843,000	Total Liabilities	390,220,000
Invest& other Assets	1,421,382,000	Retained Earnings	11,399,855,000
		Net Worth	9,322,590,000
Total Assets	9,712,810,000	Total Liab. & Equity	9,712,810,000
Total Assets (Previous Year)	6,703,269,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	3,639,850,000	Net Loss	(615,465,000)
Sales(Previous yr)	3,872,888,000	Net Loss (Prev.yr)	(96,835,000)

MIRA INFORM REPORT

Report Date :

13.12.2011

IDENTIFICATION DETAILS

Name :	JAGATI PUBLICATIONS LIMITED (w.e.f. 12.01.2009)
Formerly Known As :	JAGATI PUBLICATIONS PRIVATE LIMITED
Registered Office :	6-3-249/1, Sakshi Towers, Road No: 1, Banjara Hills, Hyderabad – 500034, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	14.11.2006
Com. Reg. No.:	01-51651
Capital Investment / Paid-up Capital :	Rs.1061.418 Millions
CIN No.: [Company Identification No.]	U22212AP2006PTC051651
TAN No.: [Tax Deduction & Collection Account No.]	HYDJ01525G
PAN No.: [Permanent Account No.]	AABCJ7667G
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company is engaged in the business of Printing and Publication of Newspapers.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (33)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 37000000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a publisher of Sakshi, a Telugu Newspaper. Subject is an established company having moderate track. Profitability of the company appears to be under pressure. There appears to be some accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered /Head Office :	6-3-249/1, Sakshi Towers, Road No: 1, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh, India
Tel. No.:	91-40-23256000
Fax No.:	91-40-23305113
E-Mail :	vsreddy@eth.net jagatihyd@yahoo.com companysecretary@sakshi.com shachi@jagati.in jmrbharathi@gmail.com sowbhagya.e@rediffmail.com anp_rao@yahoo.com sridharvemireddy@gmail.com
Website :	http://www.sakshi.com
Corporate Office :	8-2-120/86/3, Plot No.G1, Krishna Sindhu Residency, Road No.3, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh, India
Branches :	Located At : · Bangalore · Chennai · Delhi · Mumbai · Ananthapur · Guntur · Kadapa · Karimnagar · Khammam · Kurnool · Mahaboob Nagar · Nalgonda · Nellore · Ongole · Nizamabad · Rajahmundry · Srikakulam · Tadepalligudem · Tirupathi · Vijaywada · Viskhapatnam · Warangal

DIRECTORS

(AS ON 26.09.2011)

Name :

Mr. Yeduguri Sandinti Bharathi Reddy

Designation :

Chairman

Address :

269/S/98, Sagar Society, Road No.2, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India

Date of Birth/Age :

09.12.1973

Date of Appointment :

01.02.2011

DIN No.:

01580536

Other Directorships :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U75300AP2005NPL045651	YSR FOUNDATION	Director	18/03/2005	18/03/2005	Active	NO
2	U07010KA2005PTC036376	BHAGAVATH SANNIDHI ESTATES PRIVATE LIMITED	Director	23/09/2005	23/09/2005	Active	NO
3	U70200KA2004PTC034776	SILICON INFRASTRUCTURE PRIVATE LIMITED	Director	16/12/2005	16/12/2005	Active	NO
4	U70200KA2004PTC034777	SILICON BUILDERS PRIVATE LIMITED	Director	16/12/2005	16/12/2005	Active	NO
5	U45200KA2006SGC039977	SHALOM INFRASTRUCTURE PRIVATE LIMITED	Director	18/07/2006	18/07/2006	Active	NO
6	U04520KA1988PTC009606	CLASSIC REALTY PRIVATE LIMITED	Additional director	1/10/2011	1/11/2006	Active	NO
7	U45200KA2007PTC041513	HARISH INFRASTRUCTURE PRIVATE LIMITED	Director	18/01/2007	18/01/2007	Active	NO
8	U55101KA2007PTC041511	INSPIRE HOTELS PRIVATE LIMITED	Director	18/01/2007	18/01/2007	Active	NO
9	U45203KA2007PTC041512	NIVISH INFRASTRUCTURE PRIVATE LIMITED	Director	18/01/2007	18/01/2007	Active	NO
10	U85110KA1998PLC024355	SANDUR POWER COMPANY LIMITED	Director	1/12/2010	2/5/2010	Active	NO
11	U26942AP1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	Director	26/12/2010	26/12/2010	Active	NO
12	U85110KA2005PTC037807	CARMEL ASIA HOLDINGS PRIVATE LIMITED	Additional director	3/1/2011	3/1/2011	Active	NO
13	U01119TN1994PTC027017	KEALAWN TECHNOLOGIES PRIVATE LIMITED	Additional director	4/1/2011	4/1/2011	Active	NO
14	U32101AP2005PLC045392	INDIRA TELEVISION LIMITED	Director	5/9/2011	1/2/2011	Active	NO
15	U22212AP2006PLC051651	JAGATI PUBLICATIONS LIMITED	Director	26/09/2011	1/2/2011	Active	NO
16	U40109AP1999PTC031428	SARASWATI POWER AND INDUSTRIES PRIVATE LIMITED	Director	15/02/2011	15/02/2011	Active	NO

Name :

Mr. Yerramreddy Eswara Prasada Reddy

Designation :

Whole Time Director (Finance and Administration)

Address :

Plot No. 424, Road 78, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

26.09.1957

Date of Appointment :

21.06.2007

DIN No.:

01600777

Other Directorships :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U22212AP2006PLC051651	JAGATI PUBLICATIONS LIMITED	Whole-time director	1/3/2010	21/06/2007	Active	NO
2	U32101AP2005PLC045392	INDIRA TELEVISION LIMITED	Director	26/07/2010	30/12/2009	Active	NO

Name :

Mr. Sajjala Ramakrishna Reddy

Designation :

Whole Time Director (Editorial)

Address :

72, GF 1, Meadoscort, Ashwini Layout, Road 70, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

16.06.1958

Date of Appointment :

01.04.2007

DIN No.:

00155903

Other Directorships :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U01134AP1995PTC019567	SAJJALA ENTERPRISES PRIVATE LIMITED	Managing director	28/02/1995	28/02/1995	1/4/2008	Amalgamated	NO
2	U26942AP1999PTC030989	ESWAR CEMENTS PRIVATE LIMITED	Director	28/01/1999	28/01/1999	-	Active	YES
3	U22212AP2006PLC051651	JAGATI PUBLICATIONS LIMITED	Whole-time director	1/3/2010	1/4/2007	-	Active	NO
4	U74999AP2007PTC054286	SAJJALA INDUSTRIES PRIVATE LIMITED	Director	4/6/2007	4/6/2007	-	Active	NO
5	U74300AP1985PTC005446	GDC ADVERTISING PRIVATE LIMITED	Director	15/09/2007	15/09/2007	1/9/2009	Active	NO
6	U32101AP2005PLC045392	INDIRA TELEVISION LIMITED	Director	26/07/2010	1/12/2007	-	Active	NO

Name :

Mr. Kalva Raja Prasad Reddy

Designation :

Whole Time Director (Advertisement and Marketing)

Address :

Flat 405, SMR Majestic, Road 3 2, Jupitor Colony, Sikh Village, Hyderabad – 500 009, Andhra Pradesh, India

Date of Birth/Age :

12.09.1956

Date of Appointment :

17.07.2007

DIN No.:

01686981

Other Directorships :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U22212AP2006PLC051651	JAGATI PUBLICATIONS LIMITED	Whole-time director	1/3/2010	17/07/2007	Active	NO
2	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	24/09/2009	24/09/2009	Active	NO

Name :

Mr. Paladugu Venkata Krishna Prasad

Designation :

Whole Time Director (Operation)

Address :

94, Eshwar Vilas, Nizampet, Quthubulapur, Ranga Reddy – 500072, Andhra Pradesh, India

Date of Birth/Age :

04.01.1965

Date of Appointment :

01.11.2007

DIN No.:

01920182

Other Directorships :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U22212AP2006PLC051651	JAGATI PUBLICATIONS LIMITED	Whole-time director	1/3/2010	1/11/2007	Active	NO

Name :

Mr. Honnappanahalli V Eswaraiah

Designation :

Director

Address :

16, Kalyan III Temple Street, 15^th cross, Malleswaram, Bangalore – 560003, Karnataka, India

Date of Birth/Age :

04.05.1939

Date of Appointment :

23.09.2010

DIN No.:

00870590

Other Directorships :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U40101KA2001PTC029335	HEMAVATHY POWER AND LIGHT PRIVATE LIMITED	Director	16/06/2007	16/06/2007	13/07/2010	Active	NO
2	U85110KA1998PLC024355	SANDUR POWER COMPANY LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
3	U26942AP1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	Director	20/09/2009	20/09/2009	20/12/2009	Active	NO
4	U22212AP2006PLC051651	JAGATI PUBLICATIONS LIMITED	Director	23/09/2010	11/1/2010	-	Active	NO

 Name :

Mr. Amtur Narayan Prakash Rao

Designation :

Director

Address :

No.410, VBHS, 7^th Main, 9^th Cross, Behind IIM, Bangergatta Road, Bangalore – 560076, Karnataka, India

Date of Birth/Age :

12.06.1947

Date of Appointment :

23.09.2010

DIN No.:

02076365

Other Directorships :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U85110KA1998PLC024355	SANDUR POWER COMPANY LIMITED	Director	25/11/2007	25/11/2007	-	Active	NO
2	U26942AP1999PTC031682	BHARATHI CEMENT CORPORATION PRIVATE LIMITED	Director	20/09/2009	20/09/2009	20/12/2009	Active	NO
3	U22212AP2006PLC051651	JAGATI PUBLICATIONS LIMITED	Director	23/09/2010	11/1/2010	-	Active	NO
4	U25209AP2009PTC062486	BHARATHI POLYMERS INDIA PRIVATE LIMITED	Whole-time director	20/11/2010	20/11/2010	-	Active	NO
5	U74900MH2011PTC224561	ATRIA RADIOLOGY SERVICES PRIVATE LIMITED	Director	2/12/2011	2/12/2011	-	Active	NO
6	U85191MH2011PTC224576	ATRIA HOSPITALS AND RESEARCH CENTRE PRIVATE LIMITED	Director	2/12/2011	2/12/2011	-	Active	NO

Name :

Mr. Vemireddy Sreedhar Reddy

Designation :

Director

Address :

4-1-1236/9, King Koti Road, Abids, Hyderabad – 500001, Andhra Pradesh, India

Date of Birth/Age :

31.05.1959

Date of Appointment :

23.09.2010

DIN No.:

01659685

Other Directorships :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U22212AP2006PLC051651	JAGATI PUBLICATIONS LIMITED	Director	23/09/2010	11/1/2010	Active	NO

KEY EXECUTIVES

Name :	Mrs. Shachi Maheshwari
Designation :	Chief Financial Officer
Name :	Mr. Chityala Prabhu Narasimha Karthik
Designation :	Secretary
Address :	Plot No. 107, Street No.4, Uday nagar Colony, Boduppal, Hyderabad – 500039, Andhra Pradesh, India
Date of Birth/Age :	07.07.1982
Date of Appointment :	17.08.2009
PAN No.:	BINPK7489R
E-mail :	cpnkarthikcs@gmail.com

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 26.09.2011)

Names of Shareholders	No. of Shares
Carmel Asia Holdings Private Limited, India	73581022
A K Dandamudi	277776
Gikhrist Investments Private Limited, India	5280000
Alpha Villas Private Limited, India	2500000
Alpha Avenues Private Limited, India	2750000
Sandesh Labs Private Limited, India	777775
The India Cements Limited, India	1111110
PVP Business Ventures Private Limited, India	1527776
Hetero Drugs Limited, India	41666
Hetro Labs Limited, India	41666
Hetro Healthcare Limited, India	27777
Axis Clinicals Limited, India	194444
TWC Infrastructure Private Limited, India	55555
Pioneer Infrastructure Holding Limited, India	1249999
K Prasad Reddy	27777
K Rajeswari	55555
ERES Projects Private Limited, India	222222
G Srinivasa Raju	127777
M Srinivas Reddy	13888
Spume Solutions Private Limited, India	66666
Cuboid Real Estates Private Limited, India	972222
R R Global Enterprises Private Limited, India	1361110
Jubilee Media Comm Private Limited, India	833333
Jayalakshmi Textiles Private Limited, India	138888
M V Bava	138888
G Ananthsena Reddy	27777
Satidham Syntex Limited, India	277777
Sentia Developers Limited, India	1972221
Mantle Realtors Private Limited, India	166666
Kanti Conductors Limited, India	194444
Metaphor Real Estate and Projects Private Limited, India	277777
B Purushothama Naidu	972221
PVP Business Towers Private Limited, India	1138055
Madhav Ramachandra	546110
Carnegie Logistics Private Limited, India	27777
Ajoy Garapati	277777
D Sarojanamma / D Srinivasulu Reddy	55555
Swagruha Hotels Private Limited, India	277777
Avant Garde Fashion Wear Private Limited, India	1658332
Beta Avenues Private Limited, India	1970000
IA and IC Private Limited, India	2668372
Shahpratap Industries Private Limited, India	248285
S. Ramakrishna Reddy	10000
Total	106141815

(AS ON 30.09.2011)

Equity Shares Break up

Category	Percentage
Bodies corporate	97.61
Directors or relatives of directors	0.01
Others top fifty shareholders	2.38
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in the business of Printing and Publication of Newspapers.

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Newspaper	No. of copies in millions	--	147696.00	540.566

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· Oriental Bank of Commerce, Plot No.52, Road No.5, Venkatagiri Colony, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India · Indian Overseas Bank · State Bank of Hyderabad, Banjara Hills, Hyderabad

Banking Relations :	--
Auditors :
Name :	IVS and Associates
Address :	8-2-248/B/5, Plot No. 10, Journalist Colony, Road No.3, Banjara Hills, Hyderabad 500034, Andhra Pradesh, India
Tel. No.:	91-40-23359977
PAN No.:	AACFI3395Q
Holding Company :	Carmel Asia Holdings Private Limited CIN No.: U65993KA2005PTC037807
Subsidiary Company :	Indira Television Limited (extent of holding – 78.74%) CIN No.: U32101AP2005PLC045392
Enterprises with whom the company has transacted where key management personnel exercise significant influence	· Indira Television Limited · Janani Infrastructure Private Limited · Shalom Infrastructure Private Limited · Dharathi Cement Corporation Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
120000000	Equity Shares	Rs.10/- each	Rs.1200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
106141815	Equity Shares	Rs.10/- each	Rs.1061.418 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		1061.418	956.148	844.180
2] Share Application Money		0.012	80.011	2821.106
3] Reserves & Surplus		11399.855	7715.423	3796.518
4] (Accumulated Losses)		(3138.695)	(2523.230)	(2426.393)
NETWORTH		9322.590	6228.352	5035.411
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		9322.590	6228.352	5035.411
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3234.353	2878.721	2854.210
Capital work-in-progress		24.513	25.162	88.658
INVESTMENT		1396.869	1164.349	704.000
DEFERREX TAX ASSETS		130.843	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1016.329	527.223	840.593
	Sundry Debtors	957.019	684.743	649.726
	Cash & Bank Balances	2490.625	1305.041	491.008
	Other Current Assets	3.075	0.579	0.433
	Loans & Advances	459.184	117.273	98.490
Total Current Assets		4926.232	2634.859	2080.250
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	106.704	132.713	183.237
	Other Current Liabilities	274.739	337.145	505.400
	Provisions	8.777	5.059	3.334
Total Current Liabilities		390.220	474.917	691.971
Net Current Assets		4536.012	2159.942	1388.279
MISCELLANEOUS EXPENSES		0.000	0.178	0.264
TOTAL		9322.590	6228.352	5035.411

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	3639.850	3872.888	2702.292
		Other Income	183.659	50.440	38.946
		TOTAL (A)	3823.509	3923.328	2741.238
Less	EXPENSES
		Manufacturing Expenditure	3806.322	3334.195	4560.884
		Administrative and Other Expenses	568.069	492.346	444.554
		Loss on Sale of Fixed Assets	0.000	1.532	0.000
		TOTAL (B)	4374.391	3828.073	5005.438
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(550.882)	95.255	(2264.200)
Less	FINANCIAL EXPENSES (D)		13.293	12.311	11.622
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(564.175)	82.944	(2275.822)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		182.133	179.779	140.479
	PROFIT BEFORE TAX (E-F) (G)		(746.308)	(96.835)	(2416.301)
Less	TAX (H)		(130.843)	0.000	(62.080)
	PROFIT AFTER TAX (G-H) (I)		(615.465)	(96.835)	(2354.221)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(2523.230)	(2426.395)	(72.174)
	BALANCE CARRIED TO THE B/S		(3138.695)	(2523.230)	(2426.395)
	IMPORTS
		Raw Materials	2638.673	1739.905	3577.447
		Capital Goods	0.000	0.611	2.028
	TOTAL IMPORTS		2638.673	1740.516	3579.475
	Earnings Per Share (Rs.)		(6.00)	(0.99)	(28.17)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(16.10)	(2.46)	(85.88)
Net Profit Margin (PBT/Sales)	(%)	(20.50)	(2.50)	(89.42)
Return on Total Assets (PBT/Total Assets}	(%)	(9.15)	(1.75)	(48.97)
Return on Investment (ROI) (PBT/Networth)		(0.08)	(0.02)	(0.48)
Debt Equity Ratio (Total Liability/Networth)		0.04	0.08	0.14
Current Ratio (Current Asset/Current Liability)		12.62	5.54	3.01

LOCAL AGENCY FURTHER INFORMATION

NOTE:

The registered office of the company has been shifted from 8-2-696, Carmel Point, Road No: 12, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh, India to the present address w.e.f.13.03.2009.

FINANCIAL RESULTS:

The company achieved total revenue of Rs. 3823.509 compared to previous year of Rs. 3923.328 millions and loss after tax is Rs.615.465 Millions compared to previous year Rs.96.836 Millions. The increase in loss is due to increase in cost of newsprint and other operating expenses.

BUSINESS OPEARTIONS AND OUTLOOK:

"SAKSHI” has earned good reputation and made its presence across the state of Andhra Pradesh and metros. As per the latest ABC audit certificate "SAKSHI" has a circulation of Rs.1.453 Millions copies per day for the period of January 2011 to June 2011 a total readership of Rs.13.939 Millions as per IRS for the end of first quarter 2011.

CONTINGENT LIABILITIES NOT PROVIDED FOR

· For LCs opened in respect of Newsprint purchases Rs.528.050 Millions

· For court cases pending dispute Rs.33.060 Millions

· For Income Tax Appeal pending dispute Rs.1227.856 Millions

Bankers Charges Report as per Registry

Corporate identity number of the company	U22212AP2006PTC051651
Name of the company	JAGATI PUBLICATIONS LIMITED
Address of the registered office or of the principal place of business in India of the company	6-3-249/1, Sakshi Towers, Road No: 1, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh, India companysecretary@sakshi.com
This form is for	Modification of charge
Charge identification number of the modified	10084046
Type of charge	Immovable Property Book Debts Movable Property
Particular of charge holder	Oriental Bank of Commerce Plot No.52, Road No.5, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India E-Mail: bm0924@obc.co.in
Nature of instrument creating charge	· Common Agreement dated 22.08.2009 · Supplemental Agreement to secure credit/loan facility dated 22.08.2009 · Agreement of guarantee dated 22.08.2009
Date of instrument Creating the charge	22.08.2009
Amount secured by the charge	Rs.950.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest PLR+3%, present PLR 12% Terms of Repayment Validity 1 year. Margin 25% in the shape of un-encumbered duly discharged FDRs/ CDRs (along with interest thereon) Extent and Operation of the charge: · Documents of title to goods in case of L/C on DP basis · Hypothecation on the entire current assets of the company in case of L/C on DA basis · First charge over entire fixed assets of the company having estimated value of Rs.2302.100 millions · Personal Guarantee of Mr. Y.S. Jagan Mohan Reddy, director of the company
Short particular of the property or asset(s) charged	· Documents of title to goods in case of L/C on DP basis · Hypothecation on the entire current assets of the company in case of L/C on DA basis · First charge on fixed assets including plant and machinery of the company · Personal Guarantee of Mr. Y.S. Jagan Mohan Reddy, director of the company
particular of present modification	Enhancement of inland/ import letter of credit from Rs.400.000 millions to Rs.950.000 millions

FIXED ASSETS:

· Computers

· Furniture and Fixture

· Office Equipments

· Plant and Machinery

· Vehicles

· Networking Equipment

· Software

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.52.42
UK Pound	1	Rs.81.92
Euro	1	Rs.69.94

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		33

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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.