MIRA INFORM REPORT

Report Date :

19.12.2011

IDENTIFICATION DETAILS

Name :	BOARD OF CONTROL FOR CRICKET IN INDIA
Registered Office :	2^nd Floor, Cricket Centre, Wankhede Stadium, D Road, Mumbai-400020, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Year of Establishment :	1929
Legal Form :	Association
Line of Business :	Governing body for cricket in India.

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

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear
Comments :	Subject is a governing body for cricket in India. It is an established association having satisfactory track. Payments are reported to be correct. The subject can be considered for dealings 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.

INFORMATION DECLINED BY

Name :	Mr. Gupta
Designation :	Office Executive
Date :	16.12.2011

LOCATIONS

Registered Office :	2^nd Floor, Cricket Centre, Wankhede Stadium, D Road, Mumbai-400020, Maharashtra, India
Tel. No.:	91-22-22898800
Fax No.:	91-22-22898801
E-Mail :	bcci@vsnl.com cricketboard@gmail.com
Website :	http://www.bcci.tv.com

MEMBERSHIP

Name :	Mr. N Srinivasan
Designation :	President
Name :	Mr. Sanjay Jagdale
Designation :	Hony. Secretary
Name :	Mr. Anurag Thakur
Designation :	Hony. Jt. Secretary
Name :	Mr. Ajay Shirke
Designation :	Hony. Treasurer
Vice Presidents:	Mr. Niranjan Shah Mr. Sudhir Dabir Mr. Chitrak Mitra Mr. Arun Jaitley Mr. N Shivlal Yadav

STATE ASSOCIATIONS

North Zone:	Delhi and District Cricket Association Service Sports Control Board Punjab Cricket Association Jammu and Kashmir Cricket Association Haryana Cricket Association Himanchal Pradesh All India Universities
South Zone:	Tamilnadu Cricket Association The Karnataka State Cricket Association The Hydrabad Cricket Association Kerala Cricket Association Andhra Cricket Association Goa Cricket Association
East Zone:	The Cricket Association Bengal Tripura Cricket Association Jharkhand State Cricket Association Assam Cricket Association Orissa Cricket Association National Cricket Club
West Zone:	Mumbai Cricket Association Maharashtra Cricket Association Baroda Cricket Association Gujarat Cricket Association Saurashtra Cricket Association
Central Zone:	U P Cricket Association M P Cricket Association Rajashthan Cricket Association Vidarbha Cricket Association Railways Sport Promotion Board

BUSINESS DETAILS

Line of Business :

Governing body for cricket in India.

FINANCIAL DATA

[all figures are in Rupees Millions]

BALANCE SHEET

Particulars	31.03.2011	31.03.2010
SOURCES OF FUNDS
General Fund	10511.891	7643.116
Earmarked Funds	873.656	1755.944
Current Liabilities & Provisions	13923.293	14458.670
TOTAL	25308.840	23857.730
APPLICATION OF FUNDS
Fixed Assets
Gross Block	820.261	322.919
Less: Accumulated Depreciation / Amortisation	143.037	103.191
Net Block	677.224	219.728
Current Assets, Loans & Advances	24631.616	23638.002
TOTAL	25308.840	23857.730

INCOME & EXPENDITURE ACCOUNT

Particulars	31.03.2011	31.03.2010
INCOME
Annual Subscription	0.017	0.017
Amount Transferred from Summary Tour Account	1941.026	1545.373
Surplus from Indian Premier League	1187.585	0.000
Surplus from Champions League - T 20	482.922	392.701
Income from Grant of Media Rights	3885.629	5750.493
Minimum Guarantee Royalty from a Sponsor	146.250	155.000
Additional Sponsorship Income	0.000	56.750
Distributions from International Cricket Council	238.134	252.419
Interest Income	736.791	656.824
Provision No Longer Required Written Back	49.989	69.818
Other Income	11.973	(18.327)
Income from Earlier Year Tours	0.000	0.050
TOTAL	8680.315	8861.118
EXPENDITURE
Expenditure on Tournaments	4900.569	6340.194
Players’ Balance Share in Gross Revenue of the Board	212.195	447.863
Coaching Expenses	73.697	47.565
T.V. and Other Production Costs	491.719	300.427
Establishment and Other Expenses	418.997	166.432
Deficit from Indian Premier League	0.000	418.997
Compensation awarded to Sponsor	0.000	150.000
Interest on Funds	99.818	113.083
General Body Meetings Expenses	4.553	0.893
ICC Annual Subscription	77.166	82.636
Contributions	0.461	138.901
Depreciation & Amortisation	18.855	18.737
Reversal of Amount Recoverable from Mr. Jagmohan Dalmiya - PILCOM / INDCOM/ World Cup 1996	466.417	0.000
Expenses on Earlier Year Tours	0.000	3.572
Provision for Doubtful Receivables	15.218	0.000
Prior Period Expense	3.429	0.000
		0
TOTAL	6783.094	8229.300
Surplus of Income over Expenditure	1897.221	631.818
Add: Transferred from
Infrastructure Development Fund	1309.699	1284.534
Platinum Jubilee Benevolent Fund	161.855	161.050
Add: Writeback of Earmarked Funds
Ranji Trophy Fund	0.000	71.634
Cricketers’ Benevolent Fund	0.000	13.127
Curators’ Training Fund	0.000	25.983
Coaching Academy Fund	0.000	115.618
Less: Transferred to :
Infrastructure Development Fund	(500.000)	(950.000)
Platinum Jubilee Benevolent Fund (Monthly Gratis)	0.000	0.000
Balance Carried to General Fund	2868.775	1353.764

LOCAL AGENCY FURTHER INFORMATION

HISTORY:

At the outset, there is nothing significant about the year 1721, as far as India's political history is concerned. Aurangzeb, the sixth of the great Mughals, had passed away in 1707, and the Empire he and his forefathers had built, had started to disintegrate. The Marathas were gaining in prominence, and in the process of knocking hard on the doors of Delhi. These were prominent happenings; what was peripheral was that 'merchants' from England and France had established 'settlements' in select areas of the subcontinent, and were going about their business of trade.

The sea-route being the sole link between them and their respective homelands, most of these settlements were situated in the coastal areas of the Indian peninsula.

It was sometime in 1721 that a British ship dropped anchor off the coast of Kutch in western India. The recreational activities the sailors indulged in on the coast elicited curious reactions from onlookers. One of the sailors, who answered to the name of Downing, recalled his time on the Kutch coast in his memoirs thus: "We everyday diverted ourselves with playing cricket and other exercises"

This is the earliest recorded reference to cricket in India.

As the merchants metamorphosed into rulers, they continued to demonstrate their recreational pursuits on Indian soil. The British army took on the English settlers in what was the first recorded cricket match in India in 1751. The establishment of the Calcutta Cricket Club (what we know today as CC and FC) in 1792, was another watershed for the sport in the land. In fact, it is the second-oldest cricket club in the world, after the MCC (1787). Ten years after its inception, the CCC organized a match between its team and the Old Etonians. The highlight of the game was Old Etonian Robert Vansittart's hundred. It was the first 'recorded' century on Indian soil.

That game was watched by the locals, as were other encounters that took place elsewhere.

It was but natural that the locals sought to copy what the 'rulers' were doing. Recent evidence suggests that members of the Indian army were among the first to take to the sport. The 'sepoys' of regiments based in Sylhet (now part of Bangladesh) were reported by a periodical of the time as being more energetic and cheerful cricketers than their European superiors. The latter did not mind this, and were in fact happy to engage in matches against their subordinates.

The Parsis were the first Indian civilian community to take to cricket. They set up the Oriental Cricket Club in Mumbai in 1848. It did a premature death, but the community then established the Young Zoroastrians Club in 1850. They were followed by the Hindus, who formed the Hindu Gymkhana in 1866. The scene of the cricketing activities of the Mumbai locals was the Esplanade 'maidan,' which was situated in front of the western ramparts of the erstwhile Bombay 'Fort' (demolished in 1860). At the far end of this 'maidan' was a plot of land that was out of bounds for dogs and Indians - the Bombay Gymkhana.

Cricket was also gaining in popularity in other cities at around the same time. 1884 was an eventful year, in that a team from Sri Lanka played a match in Kolkata. It was the country's first shot at international cricket. The Parsi Gymkhana was set up in Mumbai in the same year. A year later, Kolkata hosted a match between the Presidency Club and a team from Australia.

The relative economic stability of the Parsis was instrumental in their sending a team on a tour of England in 1886. Dr. D.H. Patel, one of the leading cricketers of the time, was named captain.

At the team's send-off in Bombay, Pherozeshah Mehta, one of the eminent Indians of the time, stated the squad's objective; "As artists go to Italy to do homage to the Great Masters, or as pilgrims go to Jerusalem to worship at a shrine, so now the Parsis are going to England to pay homage to the English cricketers, to learn something of that noble and manly pastime in the very country that is cricket's chosen home."

As was expected, the Parsis could not get the better of their seasoned opponents, but they gained a lot of experience. The second Parsi outfit that went to England in 1888 was far more confident than its predecessor. The visitors exceeded all expectations, winning eight matches, losing eleven, and drawing twelve. Their most successful cricketer was the round-arm bowler Dr. Mehellasha Pavri, who took as many as 170 wickets.

The British sent a team to India in 1889-90 under the captaincy of G.F. Vernon. The main aim of the team was to play against Englishmen living in India. Critically from the Indian point of view, one game was scheduled against the Parsis, in the light of their impressive showing in 1888. In what was a red-letter event for Indian cricket, the Parsis prevailed by four wickets. It was the first cricket defeat suffered by the British on Indian soil, and indeed, their first 'defeat' of any kind since they had crushed the War of Independence in 1857.

However, while they were unremitting on the political front, the British were supportive on the sporting one. Lord Hawke's team that toured India in 1892-93 made room for two matches against the Parsis, wherein the spoils were shared.

Lord Harris, one of the game's influential figures of the time, did his bit in his capacity as Governor of the Bombay Province to further Indian interest in cricket. He instituted an annual 'Presidency' match between the Europeans and the Parsis, and also earmarked land on the Mumbai seafront, for the Parsis, Hindus and Muslims to set up their respective 'Gymkhanas' and 'maidans.'

The game had by then spread across the subcontinent. It gained a fillip in the 1890s when the Prince of the state of Nawanagar wowed all those in England who thronged to watch him bat. Kumar Shri Ranjitsinhji was elegance personified on the cricket field. His fascinating wristwork and unconventional shot-making skills were a revelation to the British, who were born and bred on an orthodox approach. His success, first for Sussex in the English County Championship, and then England in Test cricket, made him one of the most popular personalities in the Empire 'where the sun never set.'

His fellow Princes were quick on the uptake. Some of them took it upon themselves to do their bit for cricket, to facilitate their entry into the 'good books' of the British rulers.

The 'princely' influence worked wonders for cricket in India, as did other parallel developments. The annual Presidency match between the Europeans and the Parsis became a Triangular when the Hindus joined the fray in 1907. It became a Quadrangular in 1912 with the entry of the Muslims. The Christians and Anglo-Indians came together to form a 'Rest' team in 1937, thus making the annual event a Pentangular. The tournament was played till 1945-46, after which it was banned on account of its communal overtones.

1911 witnessed the first-ever tour of England by an 'All-India' team. Sponsored and captained by the Maharaja of Patiala, the team featured the best cricketers of the time. The top performer was the left-arm spinner Baloo Palwankar, who bagged over a hundred wickets. It was a memorable performance in more ways than one. A member of the so-called 'untouchable' segment of the Hindu society, Baloo underwent many a reverse early in his life. However, merit eventually superseded all the other factors, and Baloo went on to become the premier member of the Hindu side. He also captained them for a number of years in the annual Quadrangular.

An all-rounder from Nagpur made his first-class debut in the 1916 edition of the tournament. He batted at no. 9 in his first game against the Europeans, and got off the mark with a six. As the years passed, the young man gained prominence as a flamboyant batsman and inspirational captain.

The outbreak of World War I prevented visits by cricket teams from England to India in the 1910s. It was in 1926, eight years after the end of the War, that two representatives of the Calcutta Cricket Club travelled to London to attend a couple of meetings of the Imperial Cricket Conference.

Technically, the CCC should not have been allowed to participate in the meeting, as the club did not have exclusive control over cricket in India. But the club had the blessings of Lord Harris, who was Chairman of the ICC at the time. A significant outcome of the meeting was the MCC's decision to send a team to India in 1926-27. Arthur Gilligan, who had captained England in the 1924-25 Ashes, was assigned the captaincy of the team.

The match between the visitors and the Hindus at the Bombay Gymkhana was made memorable by the man who had hit a six on his first-class debut in 1916.

C.K. Nayudu blasted thirteen boundaries and eleven sixes on the way to 153. His century took him only hundred minutes to complete, and left the spectators delirious. Prof. D.B. Deodhar's 148 for 'All-India' in an earlier game, as also the showing of cricketers like J.G. Navle, Wazir Ali and Col. Mistry, made a huge impression on the visiting captain. Gilligan was convinced that India was ready for Test cricket.

By then, not only was cricket being played all over the subcontinent by the locals, but it had also scaled unforeseen heights of popularity. An annual Presidency match between the Europeans and Indians had been instituted in Chennai in 1915. It was played during the Pongal festivities. Sind, Calcutta, Lahore, Lucknow, Hyderabad and Kanpur were among the other leading cricket centres on the subcontinent. The Maharaja of Patiala supervised the creation of cricket arenas in Patiala and Chail, where he arranged for coaches from overseas to train junior cricketers.

Gilligan was one of the active participants in a meeting in Delhi in February 1927. The Maharaja of Patiala, a British businessman named Grant Govan, and Anthony De Mello were the other attendees. Gilligan expressed his praise of Indian cricket, and promised to press for India's inclusion in the ICC, if all the promoters of cricket in the land came together to establish a single controlling body.

Govan, Patiala and De Mello in turn assured Gilligan that they would do their bit. They convened a meeting in Delhi on 21st November 1927,which was attended by around forty-five delegates. These comprised cricket representatives from Sind, Punjab, Patiala, Delhi, the United Provinces, Rajputana, Alwar, Bhopal, Gwalior, Baroda, Kathiawar and Central India. There was a consensus that a Board of Cricket Control was essential to ensure the following:

• Advance and control the game of cricket throughout India
• Arrange and control inter-territorial, foreign and other cricket matches.
• Make arrangements incidental to visits of teams to India, and to manage and control All-India representatives playing within and outside India.
• If necessary, to control and arrange all or any inter-territorial disputes.
• To settle disputes or differences between Associations affiliated to the Board and appeals referred to it by any such Associations.
• To adopt if desirable, all rules or amendments passed by the Marylebone Cricket Club.

Another meeting, held at the Bombay Gymkhana on 10th December 1927, ended with a unanimous decision to form a 'Provisional' Board of Control to represent cricket in India. The plan was for this 'Provisional' Board to cease to function as soon as eight territorial cricket associations were created. Representatives of the eight associations would then come together to constitute the Board.

Govan and De Mello visited England in 1928, where they made out a case on India's behalf in front of the ICC. Their deliberations were satisfactory, but it turned out that their efforts had not been complemented in their absence. In late 1928, only six associations - Southern Punjab Cricket Association, Cricket Association of Bengal, Assam Cricket Association, Madras Cricket Association and Northern India Cricket Association - had been formed.

The Provisional Board met in Mumbai in December 1928 during the Quadrangular tournament, to discuss the next course of action. It was at this meeting that Govan and De Mello prevailed upon the others to reconsider the decision taken at the previous year's meeting. They did not want India to miss out on the opportunity to host South Africa in 1929 and tour England in 1931.

Their persistence paid off. The Provisional Board was deemed to have finished its work, and the Board of Control for Cricket in India established. Govan was the first President, and De Mello the first Secretary. Five months later, the ICC admitted India as a Full Member.

There were those who favoured Delhi and Calcutta as likely bases of the board, but it was Bombay that finally won. The city's cricketing ethos and cosmopolitan nature was believed to have given it the edge Political developments on the subcontinent put paid to the prospects of the series against South Africa and England. India had to wait till 1932 to become a Test-playing nation.

Govan and De Mello tried their best to convince Kumar Shri Duleepsinhji, nephew of 'Ranji,' to lead the Indian team to England in 1932. Not only was 'Duleep' a prince, but he was also a successful cricketer in his own right, having scored a century on his Test debut for England against Australia in 1930. But Duleep declined. It was later alleged that he had been asked to refuse by none other than his own uncle, who had given the impression of not being too interested in Indian cricket.

In the prevailing circumstances, the Maharaja of Patiala fancied his chances of becoming the leading figure in Indian cricket. But he had to contend with Lord Willingdon, the then Viceroy, who did not get along with him, and the Maharajkumar of Vizianagaram, who pulled off a coup in 1930-31 by inviting Jack Hobbs and Herbert Sutcliffe, two of England's best batsmen of the time, to play in India.

Patiala was initially flustered by Willingdon and Vizianagaram, but he regained his composure at the annual meeting of the BCCI in November 1931. He offered to host and finance the selection trials of the team that was to undertake the historic tour in 1932.

Prince Ghanshyamsinhji of Limbdi was appointed vice-captain of the squad that Patiala himself was designated to lead. However, Patiala withdrew, and the reins entrusted to the Maharaja of Porbandar. On the eve of the inaugural Test, which was played at Lord's in 1932, both Porbandar and Limbdi pulled out, and Col. C.K. Nayudu, the premier cricketer in the squad, was awarded the honour of becoming India's first Test captain.

'Team India' underwent a 'baptism by fire' from 1932 to 1952 before opening its account in Test cricket. The fifth and final Test of the 1951-52 series against England at Chennai was won by an innings and eight runs. A year later, the Indian cricketers registered their first-ever series win against compatriots-turned-foreigners Pakistan.

India first won a Test series abroad in 1967-68, when the New Zealanders were beaten 3-1 on their own pitches. Three seasons later, the Indian team went several steps further, winning back-to-back series in the West Indies and England.

The country's unexpected triumph in the World Cup in 1983 emboldened the BCCI to bid for the 1987 World Cup along with its Pakistani counterpart. It was the first time anyone had even thought of staging the competition outside England. The bid was upheld by the ICC, and the neighbours went on to stage a hugely successful event, the doubts raised by cynics notwithstanding.

That one event showcased the organizational capabilities of the BCCI.

The rest is history.

AWARDS

COL. C. K. NAYUDU LIFETIME ACHIEVEMENT AWARD

SALIM DURRANI, the charismatic all-rounder who served Indian cricket with distinction in the 1960s and 70s, was the recipient of the BCCI’s Col. C.K. Nayudu Lifetime Achievement Award, during the annual BCCI Awards Ceremony, held in Mumbai on 31 May 2011. The award comprised a trophy and cheque for ` 15 lakhs. Born in 1934 in Kabul, Afghanistan, Durrani was an aggressive left-handed batsman, and an outstanding left-arm spinner. He was one of the chief architects of India’s first Test series triumph over England, in 1961-62. India won the last two Tests of the five-match series, after the first three were drawn. Durrani had match figures of 8-113 in the fourth Test at Kolkata, and 10-177 in the fifth at Chennai. A few months later, Durrani was one of the heroes of a dismal tour of the Caribbean, with his belligerent 104 in a Test at Port of Spain. It was at the same venue that he helped shape a historic Test win – India’s first in the West Indies – on the national team’s next tour, in 1970-71. Brought on to bowl at a crucial stage of the second Test, Durani dismissed Garfield Sobers and Clive Lloyd, two of West Indies’ most formidable batsmen, in quick succession. India won the Test by seven wickets, and maintained their 1-0 lead to take the series. Two seasons later, Durrani’s consistency with the bat, especially in crunch situations, enabled India to achieve another Test series win over England at home. His proficiency with bat and ball took Central Zone to their first-ever Duleep Trophy win, in 1971-72. One of the most popular cricketers of his time, who was known to hit a ‘six on demand,’ Durrani represented India in a total of twenty-nine Tests, scoring 1,202 runs @ 25. He took 75 wickets, inclusive of three five-wicket hauls.

The previous winners of the C. K. Nayudu Lifetime Achievement Award are as follows:

1994 Lala Amarnath

1995 Syed Mushtaq Ali

1996 Capt. Vijay Hazare

1997 K. N. Prabhu

1998 P. R. Umrigar

1999 Col. Hemachandra Adhikari

2000 Subhash Gupte

2001 Mansoor Ali Khan Pataudi

2002 Bhausaheb Nimbalkar

2003 Chandrakant Borde

2004 B. S. Bedi, B. Chandrasekhar, EAS Prasanna, S. Venkataraghvan

2007 Nariman Contractor

2008 Gundappa Viswanath

2009 Mohinder Amarnath

BCCI AWARDS, 2009-10

The fourth annual BCCI Awards Ceremony was held at the Taj Land’s End, Bandra, Mumbai, on Tuesday, 31 May 2011.

The top performers of the twelve-month period from 1 October 2009 to 30 September 2010 were honoured at the function. Mr. Sachin Tendulkar was presented the Polly Umrigar Award, for being India’s best international cricketer of the 2009-10 season.

Mr. Salim Durani, former Test cricketer, who played a key role in India’s first Test series win over England in 1961-62, and India’s first series win in the West Indies in 1970-71, received the Col. C. K. Nayudu Lifetime Achievement Award.

The highlight of the ceremony was the felicitation of the Indian team that did the nation proud by winning the ICC CWC 2011. The playing members of the squad received cheques for Rs.20.000 Millions each, and members of the support-staff received cheques for Rs.5.000 Millions each.

The function was attended by former and current international cricketers, administrators, and the media.

AWARD	WINNER	NATURE OF AWARD	PERFORMANCE IN 2009-10
Col. C.K. Nayudu Lifetime Achievement Award	Salim Durani	Trophy, citation and cheque for Rs.1.500 Millions
Polly Umrigar Award	Sachin Tendulkar	Trophy and cheque For Rs.0.500 Million	1064 runs from ten Tests @ 82, inclusive of one double hundred and five hundreds. 695 runs from 12 ODIs @ 69.5, inclusive of the first double hundred in ODIs by a male cricketer and another innings of 175.
Madhavrao Scindia Award Highest Scorer In The Ranji Trophy	Manish Pandey (KSCA)	Trophy and cheque for Rs.0.100 Million	882 runs @ 63 from nine matches
Madhavrao Scindia Award - Highest Wicket-Taker In The Ranji Trophy	Abhimanyu Mithun (KSCA)	Trophy and cheque for Rs.0.100 Million	47 Wickets @ 23.23 from nine matches
M.A. Chidambaram Trophy - Best Under-16 Cricketer	B. Aparajith (TNCA)	Trophy and cheque for Rs.0.050 Million	794 runs @ 99.25 from seven matches, inclusive of three hundreds and three fifties
M.A. Chidambaram Trophy - Best Under-19 Cricketer	Bhargav Merai (Gujarat CA)	Trophy and cheque for Rs.0.050 Million	675 runs @ 96.42 from five matches, inclusive of three hundreds and two fifties.
M.A. Chidambaram Trophy - Best Under-22 Cricketer	Nataraj Behera (Orissa CA)	Trophy and cheque for Rs.0.050 Million	583 runs @ 64.77 from six matches, inclusive of two hundreds and three fifties.
M.A. Chidambaram Trophy - Best Woman Cricketer (Sr)	M.D. Thirushkamini (TNCA)	Trophy and cheque for Rs.0.050 Million	489 runs @ 61.12 from nine limited-overs matches, inclusive of one hundred and four fifties. 339 runs @42.37 from nine T20 matches.
M.A. Chidambaram Trophy - Best Woman Cricketer (Jr)	Reva Arora (PCA)	Trophy and cheque for Rs.0.050 Million	454 runs @ 64.85 from eight matches, inclusive of two hundreds and two fifties.
Best Umpire In Domestic Cricket	K. Hariharan	Trophy and cheque for Rs.0.050 Million

BEST OVERALL PERFORMANCE IN 2009-10:

MAHARASHTRA CRICKET ASSOCIATION.

FELICITATION:

The Indian cricket team that won the ICC CWC 2011.

Players: Rs.20.000 Millions each.

Support-staff: Rs.5.000 Millions each.

SALIENT HEADS OF BUDGET- 2011-12

(Rs. In Millions)

Particulars	BUDGET 2011-12	ACTUALS 2010-11
Income
Media rights income	4375.000	3885.600
Surplus from tours	1931.600	1941.000
Interest income	800.000	736.800
Distribution from ICC	605.100	238.100
Other income	170.000	208.300
Sub Total	7881.700	7009.800
Net Surplus from IPL	2099.400	1187.600
Net Surplus from CLT	450.000	482.900
Gross Income	10431.100	8680.300
Expenditure
TV Subsidy	2712.500	2375.700
Infrastructure Subsidy	1435.00	1309.700
Gross Revenue share/Retainership/Bonus	833.800	361.600
Monthly Gratis	200.000	161.900
Production Cost	5000.000	491.800
Specialist Academies	90.000	65.000
NCA Expenses	174.400	118.900
Tournament Expenditure	622.700	593.300
Reversal of Mr. Jagmohan Dalmiya (Net)	0.000	469.800
Others	899.600	834.900
Total expenditure	7468.000	6783.100
Surplus	2963.100	1897.200

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.52.81
UK Pound	1	Rs.82.00
Euro	1	Rs.68.81

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.