1. Summary Information
|
|
|
Country |
|
|
Company Name |
LIVING MEDIA INDIA LIMITED |
Principal Name 1 |
Mr. Anil Kumar Mehra |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Karan Ahluwalia |
|
|
|
Registration # |
55-3714 |
|
Street Address |
Registered Office : 9 K-Block, Connaught
Circus, |
||
|
Established Date |
09.05.1962 |
SIC Code |
-- |
|
Telephone# |
91-11-23321273 / 23321323 / 23713405 / 43530852 |
Business Style 1 |
Publishers |
|
Fax # |
91-11-23713405/
23712998 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Journals and Periodicals |
|
# of employees |
500 (Approximately) |
Product Name 2 |
Video News Magazines- ‘Newstrack’, |
|
Paid up capital |
Rs.658,000/- |
Product Name 3 |
Recorded Music Cassettes |
|
Shareholders |
Foreign holdings - 2.80% Bodies corporate – 86.60% Other top fifty shareholders –
11.60% |
Banking |
Yes Bank Limited |
|
Public Limited Corp. |
-- |
Business Period |
49 Years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation |
Country
|
Company
Name |
CEO |
|
Holding Company |
|
World Media Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,682,143,000 |
Current Liabilities |
1,129,978,000 |
|
Inventories |
292,375,000 |
Long-term Liabilities |
1,622,648,000 |
|
Fixed Assets |
426,073,000 |
Other Liabilities |
129,747,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,882,373,000 |
|
Invest& other Assets |
1,024,848,000 |
Retained Earnings |
542,408,000 |
|
|
|
Net Worth |
543,066,000 |
|
Total Assets |
3,425,439,000 |
Total Liab. & Equity |
3,425,439,000 |
|
Total Assets (Previous Year) |
3,367,651,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
3,550,004,000 |
Net Profit |
143,427,000 |
|
Sales(Previous yr) |
3,172,522,000 |
Net Profit(Prev.yr) |
(106,346,000) |
MIRA
INFORM REPORT
|
Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
LIVING MEDIA INDIA LIMITED |
|
|
|
|
Registered Office : |
Registered Office
: 9 K-Block, Connaught Circus, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
09.05.1962 |
|
|
|
|
Com. Reg. No.: |
55-3714 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs.0.658 Million |
|
|
|
|
CIN No.: [Company
Identification No.] |
U92132DL1962PLC003714 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELL02162G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACL0087H |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company. |
|
|
|
|
Line of Business : |
Publishers of
Magazines and Books Like “ |
|
|
|
|
No. of
Employees : |
500
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part
of India Today Group. It is an established company having satisfactory track.
Trade relations are reported as fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can
be considered normal for business 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered
Office : |
Registered Office
: 9 K-Block, Connaught Circus, |
|
Tel. No.: |
91-11-23321273 /
23321323 / 23713405 / 43530852 |
|
Fax No.: |
91-11-23713405/
23712998 |
|
E-mail: |
|
|
|
|
|
Warehouse : |
W 18 and 19,
Sector 11, Noida, Dist. |
|
|
|
|
Factory 1 : |
|
|
Tel. No.: |
91-129-2285520 (5
Lines) |
|
Fax No.: |
91-129-2284511 |
|
Telex : |
031-75414 |
|
|
|
|
Factory 2 : |
B-315, Okhla
Industrial Area, Phase-I, |
|
Tel. No.: |
91-11-26818915 /
26818920 / 26812998 / 2688675 |
|
Fax No.: |
91-11-26818670 |
|
Telex : |
031-75414 |
|
|
|
|
Branch Office
: |
Tel. No. 91-22-2202 6152 Fax No. 91-22-2202 6164 Telex. 011-85373 THOM IN
Tel. No. 91-842-2211649 / 2211657 Telex 0845-2217 INTO IN
Tel. No. 91-11-2681 8915 /2681 8920 / 2681 2998 / 2681 8675 Fax No. 91-11-2681 8670 Telex 31-75414 |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Anil Kumar Mehra |
|
Designation : |
Managing Director |
|
Address : |
B-223, Greater Kailash Part – I, |
|
Date of Birth/Age : |
05.09.1944 |
|
Qualification : |
B.Com (H), FCA( |
|
Date of Appointment: |
08.04.1986 |
|
DIN No. : |
00004654 |
|
|
|
|
Name : |
Mr. Karan Ahluwalia |
|
Designation : |
Director |
|
Address: |
Flat No. 901, Tower 4, Vipul Belmonte, Golf Course Road, Sector - 53,
Gurgaon – 122 002, Haryana, India |
|
Date of Birth/Age : |
20.10.1950 |
|
Qualification : |
M.M.S. - Marketing |
|
Date of Appointment: |
13.06.2001 |
|
DIN No. : |
00008541 |
|
|
|
|
Name : |
Mrs. Neera Malhotra |
|
Designation : |
Director |
|
Address: |
M-11, Greater Kailash Part – II, |
|
Date of Birth/Age : |
15.06.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment: |
27.10.1984 |
|
DIN No. : |
00118387 |
KEY EXECUTIVES
|
Name : |
Mr. Aroon Purie |
|
Designation : |
Chief Editor |
|
Qualification
: |
B.Sc. (Eco.) |
|
Previous
Employment |
Thomson Press India Limited, |
|
|
|
|
Name : |
Mr. Ashish Bagga |
|
Designation : |
Chief Executive Officer |
|
Qualification
: |
B.Sc., M. B.A ( Marketing) |
|
Previous
Employment |
Presdent – Business Standard Digital Limited |
|
|
|
|
Name : |
Mr. Dinesh Bhatia |
|
Designation : |
Chief Financel Officer (Strategy and Investor Relations) |
|
Qualification
: |
B.Com(H) and MBA-Finance and A/cs |
|
Previous
Employment |
Head-Treasury and Planning |
|
|
|
|
Name : |
Ms. Kalli Purie Bhandal |
|
Designation : |
Executive-cum-Publisher Director ITGO and TODAY |
|
Qualification
: |
B.A.(H) from |
|
Previous
Employment |
Web Producer-Ziff |
|
|
|
|
Name : |
Mr. M. D. Mistry |
|
Designation : |
Publisher-IT (Indian language Editions) and Associate Publisher-Impact
(I.T. Megabrand) |
|
Qualification
: |
B. Com, Master of Marketing Management |
|
Previous
Employment |
Deputy General Manager – Indian Express, Mumbai |
|
|
|
|
Name : |
Ms. Mala Sekhri |
|
Designation : |
Publishing Director-Lifestyle Group |
|
Qualification
: |
B.A. (Hon.), M.A. |
|
Previous
Employment |
Product Manager-Shriram Industrial Enterprises Limited |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Aroon Purie |
|
9188 |
|
Rekha Purie |
|
3062 |
|
Fawcett Purie
Mandira |
|
6125 |
|
Madhu Trehan |
|
6125 |
|
The All India
Investment Corporation Private Limited, |
|
29225 |
|
Ankoor Purie |
|
6125 |
|
Aroon Purie (HUF) |
|
1000 |
|
World Media
Private Limited, |
|
158150 |
|
Total |
|
219000 |
As on 30.09.2011
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
2.80 |
|
Bodies corporate |
85.60 |
|
Other top fifty shareholders |
11.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Publishers of Magazines and Books Like “India Today’, ‘Business
Today’, ‘Target’, ‘Computers Today’ and Journal of Applied Medicines etc |
||||
|
|
|
||||
|
Products : |
·
Video News Magazines- ‘Newstrack’, ·
Recorded Music Cassettes Etc
|
||||
|
|
|
||||
|
Brand Names : |
|
GENERAL INFORMATION
|
No. of
Employees : |
500
(Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Indusind Bank Limited – F – Block, Ground Floor, International Trade Tower, Nehru Place, New Delhi – 110019, Delhi, India. ·
Canara Bank, F-9, ·
ABN Amro Bank NV - ·
UCO Bank, ·
State Bank of Tranvancore, 3, ·
Yes
Bank Limited, 9th Floor, Nehru Centre, Discovery of ·
ICICI
Bank Limited – |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Notes (A) (Secured by
hypothecation of Movable Fixed Assets, both present and future, and Immovable
Property Leased by NOIDA (Rs.100,000 millions repayable within a year) Note:
The Term Loan is additionally secured by a Corporate Guarantee given by World
Media Private Limited, the Holding Company. (B) (Secured by
hypothecation of Movable Fixed Assets, both present and future, and Immovable
Property Leased by NOIDA [(Rs.25.000 millions repayable within a year)] Note:
The Term Loan is additionally secured by a Corporate Guarantee given by World
Media Private Limited, the Holding Company. (C) Cash Credit
/ Working Capital Demand Loan (Secured by hypothecation of Inventory and Book
Debts, both present and future, by way of first charge ranking pari-passu
between participating Banks.) (D) Cash Credit
/ Working Capital Demand Loan (Secured by hypothecation of Inventory and Book
Debts, both present and future, by way of first charge ranking pari-passu
between participating Banks.)
Notes (A) ** Short
Term Loan to the extent of Rs.150.000 millions is secured by a Corporate
Guarantee given by World Media Private Limited, the Holding Company. (B) ** Short
Term Loan to the extent of Rs.150.000 millions is secured by a Corporate Guarantee
given by World Media Private Limited, the Holding Company. (C) * Fixed
Deposits due within one year Rs.16.080 millions (D) * Fixed Deposits due within one year Rs.36.080 millions |
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered
Accountants |
|
Address: |
Building 8, 7th and 8th Floor, Tower – B, DLF,
Cyber Ctiy, Gurgaon – 122 002, |
|
Tel. No.: |
91-11-41250000 |
|
Fax No.: |
91-11-41250250 |
|
Pan No. : |
AAEFP3641G |
|
|
|
|
Holding Company : |
World Media Private Limited (WMPL) CIN No.: U74899DL1949PTC001677 |
|
|
|
|
Subsidiaries : |
·
Living Media International Limited (LMIL) ·
Radio Today Broadcasting Limited (RTBL) CIN No.: U92131DL2000PLC107737 ·
TV Today Network Limited (TVTN) CIN No.: L92200DL1999PLC103001 ·
Harper Collins Publishers India Limited (HCPIL) CIN No.: U22200DL1991PLC042793 ·
Thomson Press ( CIN No.: U22219DL1962PLC003768 ·
ITAS Media Private Limited (ITAS) CIN No.: U74999DL2007PTC158097 ·
Today Retail Network Private Limited (TRNPL) CIN No.: U51909DL2007PTC167147 ·
TV Today Network ( Business) Limited (TVTN(B)L) CIN No.: U74899DL2005PLC142634 ·
Thomson Digital India Limited (TDIL) CIN No.: U72900DL2007PLC170402 ·
Thomson Digital Mauritius Limited (TDML) ·
Premier Security Printers Private Limited (PSPPL) CIN No.: U22219DL2007PLC168391 ·
World Media Trading Limited (WMTL) * ·
Today Merchandise Private Limited (TMPL) ** ·
Today Retail Network Private Limited (TRNPL) |
|
|
|
|
Fellow Subsidiary : |
·
World Media International Limited (WMIL) ·
Universal Learn Today Private Limited (ULTPL) ·
·
Mail Today Newspapers Private Limited (Mail
Today) |
|
|
|
|
Associates and Joint Ventures : |
·
Integrated Databases India Limited (IDIL) ·
The All India Film Corporation Private Limited
(AIFCPL) |
* Became subsidiary w.e.f. March 25, 2011
** Became subsidiary w.e.f. November 30, 2010
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
230000 |
Equity Shares |
Rs.10/- each |
Rs.2.300 Millions |
|
20000 |
Preferences Shares |
Rs.10/- each |
Rs.0.200 Million |
|
|
Total |
|
Rs.2.500
Millions |
Issued Capital, Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
219000 |
Equity Shares |
Rs.10/- each |
Rs.2.190 Millions |
Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
225 |
Equity Shares |
Rs.10/- each |
Rs.0.002 Million |
|
218775 |
Equity Shares |
Rs.3/- each |
Rs.0.656 Million |
|
|
Total |
|
Rs.0.658
Million |
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 |
0.658 |
0.658 |
0.658 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
542.408 |
398.981 |
505.327 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
543.066 |
399.639 |
505.985 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1117.376 |
963.880 |
901.722 |
|
|
2] Unsecured Loans |
505.272 |
635.590 |
509.605 |
|
|
TOTAL BORROWING |
1622.648 |
1599.470 |
1411.327 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2165.714 |
1999.109 |
1917.312 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
426.073 |
469.899 |
502.956 |
|
|
Capital work-in-progress |
0.635 |
1.723 |
10.727 |
|
|
|
|
|
|
|
|
INVESTMENT |
1024.213 |
673.017 |
673.017 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
292.375
|
283.276
|
455.302
|
|
|
Sundry Debtors |
781.979
|
859.018
|
783.937
|
|
|
Cash & Bank Balances |
165.914
|
209.200
|
107.982
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
734.250
|
871.518
|
904.156
|
|
Total
Current Assets |
1974.518
|
2223.012
|
2251.377
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
537.023
|
646.740
|
614.396
|
|
|
Other Current Liabilities |
592.955
|
608.459
|
714.619
|
|
|
Provisions |
129.747
|
113.343
|
191.750
|
|
Total
Current Liabilities |
1259.725
|
1368.542
|
1520.765
|
|
|
Net Current Assets |
714.793
|
854.470
|
730.612
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2165.714 |
1999.109 |
1917.312 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Operating revenue, net |
3550.004 |
3172.522 |
3417.583 |
|
|
|
Other Income |
207.914 |
310.894 |
334.760 |
|
|
|
TOTAL |
3757.918 |
3483.416 |
3752.343 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
842.231 |
804.262 |
|
|
|
|
Manufacturing service costs |
503.961 |
484.082 |
|
|
|
|
Employee related expenses |
923.711 |
758.137 |
|
|
|
|
Administrative selling other expenses |
1351.152 |
1271.375 |
|
|
|
|
TOTAL |
3621.055 |
3317.856 |
3774.090 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
136.863 |
165.560 |
(21.747) |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
INANCIAL CHARGES |
186.756 |
196.989 |
158.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(49.893) |
(31.429) |
(179.750) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
78.859 |
90.245 |
96.688 |
|
|
|
|
|
|
|
|
|
Add |
Extraordinary
items |
279.549 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
Prior Period
items |
(7.372) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
143.425 |
(121.674) |
(276.438) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.002) |
(15.328) |
24.403 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
143.427 |
(106.346) |
(300.841) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(436.303) |
(135.462) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
399.221 |
(542.649) |
(436.303) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales (Other than Subscription) |
2.408 |
2.345 |
2.626 |
|
|
|
Magazine Subscription |
1.536 |
2.130 |
2.492 |
|
|
|
Advertisement (excluding Barters)
|
51.464 |
35.360 |
43.465 |
|
|
|
Others (Syndication Services, Royalty, Interest, Miscellaneous Income
etc.) |
14.279 |
28.499 |
30.419 |
|
|
TOTAL EARNINGS |
69.687 |
68.334 |
79.002 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
284.989 |
178.665 |
531.369 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.687 |
|
|
|
Traded Periodicals |
45.486 |
13.719 |
14.493 |
|
|
TOTAL IMPORTS |
330.475 |
192.384 |
546.549 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2177.83 |
(1614.77) |
(4568.03) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.82 |
(3.05) |
(8.02)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.04 |
(3.84) |
(8.09)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.97 |
(4.52) |
(10.04)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
(0.30) |
(0.55)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.31 |
7.43 |
5.79
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57 |
1.62 |
1.48
|
LOCAL AGENCY FURTHER INFORMATION
BUSINESS
PERFORMANCE
The Company’s
total turnover amounted to Rs.3757.918 millions as against Rs.3483.416 millions
in previous year. The Company made a profit of Rs.379.282 millions (including
Rs.279.549 millions on sale of Book Club Retail Business during the year)
before interest, depreciation and tax as against last year’s profit of
Rs.139.766 millions. However, the year resulted in a profit of Rs.143.424
millions after provision for tax compared to a loss of Rs.106.346 millions last
year.
The company
continued to focus on building its digital business by enhancing features and
content accross all its verticals. In the coming years the Company expects
non-linear growth in this business.
The company also
consolidated its retail outlets business under its Brand name,
Media Mart, at premium
locations including International and Domestic Airports and Metro Stations
catering to growing demand from diverse segments for media and entertainment
products, viz. books, magazines, audio visuals, gift items and stationery etc.
Currently, the company has 64 outlets and is reviewing the spread for
consolidation and shutting down the ones which are not economical.
The Company
continues to invest in new Publications both in home-grown brands as well as
Licensing Arrangement with International Publishers, which help the Company
retain its dominance in the business of magazine publishing. During the year,
the Company has taken over the publishing/distribution rights for some new
periodicals namely Take on Art, Creative Gags, Mother Land, Condenast
Traveller, Design Indaba, Tree of Knowledge, ICC World Cricket Guide 2011 and
some of the publications published by M/s Hindustan Times.
While the Company
has been augmenting its resources through additional Working Capital Borrowings
and term loans, major expansion plans are being undertaken cautiously. The
Directors are hopeful that improvement in economy and business sentiment
together with control over overheads, better utilization of funds would result
in improved turnover and improved profitability which going forward, will be
helped substantially due to correction in cost base during the year.
FORM 8
|
Corporate identity number of the company |
U92132DL1962PLC003714 |
|
Name of the company |
LIVING MEDIA INDIA LIMITED |
|
Address of the registered office or of the principal place of business in |
Registered Office : 9 K-Block, Connaught Circus, |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Floating charge ·
Others o
Charge:1st moveable property,2nd stock & book
debt |
|
Particular of charge holder |
Yes Bank Limited 9th Floor, Nehru Centre, Discovery of CIN No.: L65190MH2003PLC143249 E-Mail : delhicadmidoffice@yesbank.in |
|
Nature of instrument creating charge |
Deed of Hypothecation dated September 26, 2011 for creating exclusive
charge on all movable fixed assets and second charge on all stocks and book debts
(both present and future) of the Borrower. |
|
Date of instrument Creating the charge |
26.09.2011 |
|
Amount secured by the charge |
Rs.500.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of interest Yes Bank Base Rate plus 3.50% p.a. Terms of repayment 8 equal quarterly installments after a moratorium period of 24 months
from the date of first disbursement. Margin NIL Extent and operation of the charge Exclusive charge on all Movable fixed assets of the Borrower (both
present and future). Second Charge on stocks and book debts of the Borrower (both present
and future). |
|
Date of instrument modifying the charge |
Exclusive Charge on Movable Fixed Assets (both present and future) Second Charge on stocks and book debts (both present and future) |
FIXED ASSETS
· Land – Free hold
· Land – Leasehold
· Buildings
· Leasehold improvements
· Plant and Machinery
· Vehicles
· Furniture and Fittings
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 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.52.67 |
|
|
1 |
Rs.82.53 |
|
Euro |
1 |
Rs.69.13 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
44 |
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.