MIRA INFORM REPORT

Report Date :

23.12.2011

IDENTIFICATION DETAILS

Name :	MAA TELEVISION NETWORK LIMITED
Registered Office :	Plot No.770/C, Aishwarya House, Road No.44, Jubilee Hills, Hyderabad – 500051, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	28.06.2001
Com. Reg. No.:	01-036950
Capital Investment / Paid-up Capital :	Rs.592.800 Millions
CIN No.: [Company Identification No.]	U64204AP2001PLC036950
TAN No.: [Tax Deduction & Collection Account No.]	HYDM01355E
PAN No.: [Permanent Account No.]	AACCM7318C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company main business is broadcasting through Satellite Channel.
No. of Employees :	Not Available

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 4000000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The company is progressing well. 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)
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 Office :	Aishwarya House, Plot No. 770/C, Road No. 44, Jubilee Hills, Hyderabad – 500051, Andhra Pradesh, India
Tel. No.:	91-40-66538383
Fax No.:	91-40-66538599
E-Mail :	secretarial@agrlaws.com mail@agrlaws.com manoj@maatv.com
Website :	http://www.maatv.com
Corporate Office :	6-6-663/B, “Maa Chambers” Behind Topaz Building, Panjagut, TA, Hyderabad – 500 082, Andhra Pradesh, India
Branch Offices :	Located at: · Hyderabad · New Delhi · Chennai · Mumbai · Bangalore · Kolkata

DIRECTORS

(AS ON 28.05.2011)

Name :

Mr. Nimmagadda Prasad

Designation :

Chairman Cum Managing Director

Address :

10, Draycott Park, # 11-08, Singapore – 259405

Date of Birth/Age :

30.08.1961

Qualification :

M. Sc.

Date of Appointment :

19.01.2007

DIN No.:

00014595

Other Directorship :

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	U65993AP1983PLC004088	G2 CORPORATE SERVICES LIMITED	Director	6/4/2000	6/4/2000	-	Active	NO
2	U24231AP1984PLC005146	MYLAN LABORATORIES LIMITED	Director	8/1/2007	6/4/2000	25/09/2009	Active	NO
3	U74140AP2002PTC038668	G2 TRADE CENTRE PRIVATE LIMITED	Director	19/03/2002	19/03/2002	-	Active	NO
4	U99999AP1994PTC018352	ASIAN INSTITUTE OF GASTROENTEROLOGY PRIVATE LIMITED	Director	18/08/2003	18/08/2003	-	Active	NO
5	U24230GJ1984PLC007440	CONCORD BIOTECH LIMITED	Director	10/2/2006	10/2/2006	4/12/2009	Active	NO
6	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Director	8/5/2010	13/02/2006	-	Active	NO
7	U40108DL2003PTC120409	ATHENA INFRAPROJECTS PRIVATE LIMITED	Director	29/09/2007	22/09/2006	30/03/2009	Active	NO
8	U45201MH2006PTC165094	KONARK ADVISERS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	15/06/2007	Active	NO
9	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	23/11/2009	19/01/2007	-	Active	NO
10	U74999AP2008PTC057225	VANPIC PROJECTS PRIVATE LIMITED	Director	18/01/2008	18/01/2008	-	Active	NO
11	U45209AP2008PTC057825	MATRIX ENPORT HOLDINGS PRIVATE LIMITED	Director	26/02/2008	26/02/2008	-	Active	NO
12	U74999AP2008PTC058448	VANPIC PORTS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	-	Active	NO
13	U74999AP2008PTC058555	MATRIX CORPORATION PRIVATE LIMITED	Director	4/4/2008	4/4/2008	-	Active	NO
14	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	29/09/2008	5/4/2008	-	Active	NO
15	U45209AP2008PTC058696	GENEXX INFRATECH PRIVATE LIMITED	Director	16/04/2008	16/04/2008	-	Active	NO
16	U45200AP2008PTC058913	LEMONHILLS BUILDERS PRIVATE LIMITED	Director	30/04/2008	30/04/2008	-	Active	NO
17	U45200AP2008PTC059025	GENEX STRUCTURAL PROJECTS PRIVATE LIMITED	Director	7/5/2008	7/5/2008	22/05/2008	Active	YES
18	U74900AP2008PTC059490	MATRIX NATURAL RESOURCES PRIVATE LIMITED	Director	4/6/2008	4/6/2008	5/1/2010	Active	NO
19	U92140AP2006PTC048915	ANNAPURNA STUDIOS PRIVATE LIMITED (PART IX)	Director	30/09/2008	17/06/2008	-	Active	NO
20	U62200AP2008PTC059737	PRAKASAM AIRPORT PRIVATE LIMITED	Director	19/06/2008	19/06/2008	-	Active	NO
21	U63010AP2008PTC059738	VANPIC SHIPYARD PRIVATE LIMITED	Director	19/06/2008	19/06/2008	-	Active	NO
22	U40105AP2008PTC061318	VANPIC ENPOWER PRIVATE LIMITED	Director	7/10/2008	7/10/2008	-	Active	NO
23	U45200AP2008PTC061818	GOLDCOAST PROPERTIES PRIVATE LIMITED	Director	19/11/2008	19/11/2008	5/1/2010	Active	NO
24	U92100AP2009PTC065527	MAA NEWS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	23/11/2009	Under Process of Striking off	NO
25	U73100AP2010PTC071807	ASIAN INSTITUTE OF STEMCELL RESEARCH AND THERAPY PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Active	NO
26	U93090AP2007PTC053702	SEPTOZEN CORPORATE SERVICES PRIVATE LIMITED	Director	27/04/2011	6/4/2011	-	Active	NO

Name :

Mr. Nagarjuna Rao Akkineni

Designation :

Director

Address :

Plot No.959-A, Road No.48, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

29.08.1959

Qualification :

B.E. (Mechanical). M.S. (Automobile Engineering)

Date of Appointment :

19.01.2007

DIN No.:

00014019

Other Directorship :

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	U92111AP2005PTC048045	ANNAPURNA PRODUCTIONS PRIVATE LIMITED	Director	14/11/2005	14/11/2005	-	Active	NO
2	U92140AP2006PTC048915	ANNAPURNA STUDIOS PRIVATE LIMITED (PART IX)	Managing director	27/01/2006	27/01/2006	-	Active	NO
3	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Additional director	19/01/2007	19/01/2007	-	Active	NO
4	U01119AP2007PTC056874	N AGROFARMS PRIVATE LIMITED	Director	28/12/2007	28/12/2007	-	Active	NO
5	U92100AP2008PTC057025	AKKINENI ARTS ACADEMY PRIVATE LIMITED	Director	7/1/2008	7/1/2008	-	Active	NO
6	U92100AP2009PTC065527	MAA NEWS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	23/11/2009	Under Process of Striking off	NO
7	U15499AP2007PTC053292	N3 ENTERPRISES PRIVATE LIMITED	Director	1/1/2010	1/1/2010	-	Active	NO
8	U92190AP2011PTC076632	ANNAPURNA PROTEIN FAMILY ENTERTAINMENT CENTER PRIVATE LIMITED	Director	20/09/2011	20/09/2011	-	Active	NO

Name :

Mr. Chalasani Ramesh

Designation :

Director

Address :

Plot No.55, Phase I, Kamalapuri Colony, Sri Nagar Colony Extension, Hyderabad- 500073, Andhra Pradesh, India

Date of Birth/Age :

12.12.1956

Date of Appointment :

19.01.2007

DIN No.:

01297510

Other Directorship :

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	U05005AP1985PTC005649	ANRUP MARINE PRODUCTS PRIVATE LIMITED	Director	12/7/1985	12/7/1985	-	Under Process of Striking off	NO
2	U24201AP1989PTC007308	CUTE PLASTICS PRIVATE LIMITED	Managing director	30/10/1989	30/10/1989	-	Under Process of Striking off	NO
3	U45200AP2004PTC044801	SUNBEAM BUILDERS PRIVATE LIMITED	Director	8/12/2004	8/12/2004	19/11/2007	Active	NO
4	U45200AP2004PTC044911	DINDI RESORTS PRIVATE LIMITED	Director	20/12/2004	20/12/2004	5/12/2008	Active	NO
5	U45200AP2005PTC045106	GREAT INDIA DEVELOPERS PRIVATE LIMITED	Managing director	1/4/2010	11/1/2005	-	Active	NO
6	U99999AP1994PTC018228	GREAT INDIA ENTERTAINMENT PARKS PRIVATE LIMITED	Director	1/4/2005	1/4/2005	-	Active	NO
7	U70102AP2006PTC049804	CR INFRASTRUCTURE PRIVATE LIMITED	Managing director	1/4/2010	12/4/2006	-	Active	NO
8	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	19/01/2007	19/01/2007	21/06/2011	Active	NO
9	U01119AP2005PTC045766	GENOMIC VENTURES INDIA PRIVATE LIMITED	Additional director	3/12/2007	3/12/2007	-	Active	NO
10	U70102AP2007PTC056783	ENEN DEVELOPERS AND CONSTRUCTIONS PRIVATE LIMITED	Director	20/12/2007	20/12/2007	-	Active	NO

Name :

Mr. Aravind Babu Allu

Designation :

Director

Address :

Plot No. 1067, Road No.45, Jubilee Hills, Hyderabad- 500035, Andhra Pradesh, India

Date of Birth/Age :

10.10.1947

Qualification :

Film Producer

Date of Appointment :

19.01.2007

DIN No.:

01389994

Other Directorship :

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	U92112TN1999PTC042302	ALLU ENTERTAINMENT PRIVATE LIMITED	Managing director	19/04/1999	19/04/1999	-	Active	NO
2	U67190AP2002PTC038420	GREEN CHANNEL FOREX PRIVATE LIMITED	Director	30/01/2002	30/01/2002	18/03/2009	Active	NO
3	U24110AP1999PLC031254	SUDERSHAN BIOTECH LIMITED	Director	31/03/2004	31/03/2004	6/10/2010	Active	NO
4	U92111AP2004PTC044144	GEETHA ENTERTAINMENT PRIVATE LIMITED	Managing director	13/09/2004	13/09/2004	-	Active	NO
5	U01110AP2001PTC036979	GENOVA BIOTECHNIQUES PRIVATE LIMITED	Director	30/09/2005	30/09/2005	6/4/2007	Active	NO
6	U45200AP2003PTC041051	SIRI PROJECTS PRIVATE LIMITED	Director	1/11/2005	1/11/2005	-	Active	NO
7	U92120AP2004PTC043217	LEO CINEPLEX PRIVATE LIMITED	Director	18/08/2006	18/08/2006	-	Active	NO
8	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	19/01/2007	19/01/2007	-	Active	NO
9	U92100AP2009PTC065527	MAA NEWS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	23/11/2009	Under Process of Striking off	NO
10	U92100AP2011PTC074732	GEETHA MULTIPLEX PRIVATE LIMITED	Director	30/05/2011	30/05/2011	-	Active	NO

Name :

Mr. Chunduri Ramakrishna

Designation :

Whole Time Director

Address :

107-A, Palm Grove Apartments, Rajbhavan Road, Hyderabad- 500082, Andhra Pradesh, India

Date of Birth/Age :

15.08.1956

Qualification :

Chartered Accountant and Cost Accountant

Date of Appointment :

19.01.2007

DIN No.:

00204774

Other Directorship :

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	U65910AP1995PTC020804	CREATIVE FINVEST PRIVATE LIMITED	Director	23/06/1995	23/06/1995	-	Active	NO
2	U24231AP1984PLC005146	MYLAN LABORATORIES LIMITED	Director	3/2/2001	3/2/2001	28/09/2009	Active	NO
3	U85110AP1992PLC014728	QUALITY CARE INDIA LIMITED	Director	27/12/2005	27/12/2005	-	Active	NO
4	U72200AP2005PTC046163	NOWPOS M-SOLUTIONS PRIVATE LIMITED	Director	31/12/2005	31/12/2005	12/1/2009	Active	NO
5	U45200AP2006PTC048962	VEEN REALTORS PRIVATE LIMITED	Director	1/2/2006	1/2/2006	2/2/2009	Active	NO
6	U45200AP2006PTC048961	VEEN PROMOTORS PRIVATE LIMITED	Director	1/2/2006	1/2/2006	2/2/2009	Active	NO
7	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Whole-time director	28/05/2011	19/01/2007	-	Active	NO
8	U74140AP2007PTC053110	CHUNDURI MANAGEMENT CONSULTANCY SERVICES PRIVATE LIMITED	Director	14/03/2007	14/03/2007	-	Active	NO
9	U93090AP2007PTC053702	SEPTOZEN CORPORATE SERVICES PRIVATE LIMITED	Director	20/04/2007	20/04/2007	21/06/2011	Active	NO
10	U45400AP2007PTC054628	SEPTOZEN CONSTRUCTIONS PRIVATE LIMITED	Director	27/06/2007	27/06/2007	26/03/2009	Active	NO
11	L02411KA1988PLC009465	VIVIMED LABS LIMITED	Additional director	14/11/2011	14/11/2011	-	Active	NO

Name :

Mr. Ram Charan Tej Konidala

Designation :

Director

Address :

Plot No.33, Road, No.25, Jubilee Hills, Hyderabad- 500034, Andhra Pradesh, India

Date of Birth/Age :

02.01.1985

Qualification :

Actor

Date of Appointment :

21.02.2011

DIN No.:

03440033

Other Directorship :

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	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	28/05/2011	21/02/2011	Active	NO
2	U74999AP2011PTC072885	NEW WAVE INFOMEDIA PRIVATE LIMITED	Director	24/02/2011	24/02/2011	Active	NO

KEY EXECUTIVES

Name :	Mr. Manoj Kumar K.
Designation :	Company Secretary
Address :	14-2-92, Gosha Mahal, Chandanwadi, Hyderabad – 500012, Andhra Pradesh, India
Date of Birth/Age :	04.01.1980
Date of Appointment :	01.04.2010
PAN No.:	AMGPK3556R

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 28.05.2011)

ATTACHED PDF FILE

(AS ON 30.09.2011)

Equity Shares Break – Up

Category	Percentage
Bodies corporate	47.00
Directors or relatives of directors	46.00
Other top fifty shareholders	7.00
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company main business is broadcasting through Satellite Channel.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Axis Bank Limited

# 6-3-879/ B Street, Begumped Road, Hyderabad – 500016, Andhra Pradesh, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
A] Rupee Term Loans Banks	171.054	150.220
B] Working Capital Loans Banks	212.163	144.612
Total	383.217	294.832
NOTE: (A) The above Term loans are secured by first charge on the entire fixed assets and second charge on the current assets of the company except vehicles purchased under hire purchase scheme and personal guarantees of some of the directors. (B) The Cash Credits and bill discounting facilities are secured by first charge on the current assets present and future of the Company and second charge on the fixed assets of the company except vehicles purchased under hire purchase scheme and personal guarantees of some of the directors The term loans repayable within a period of one year is Rs.59.400 Millions

Banking Relations :	--
Auditors :
Name :	Visweswara Rao and Associates Chartered Accountant
Address :	“SRI”, Flat No.512, A1, Road no.31, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India
PAN No.:	AACFV6616M

CAPITAL STRUCTURE

(AS ON 28.05.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
65000000	Equity Share	Rs.10/- each	Rs.650.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
59292075	Equity Share	Rs.10/- each	Rs.592.921 Millions

(AS ON 31.03.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
65000000	Equity Share	Rs.10/- each	Rs.650.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
59280000	Equity Share	Rs.10/- each	Rs.592.800 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		592.800	592.800	589.050
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		416.287	274.445	191.686
4] (Accumulated Losses)		0.000	0.000	(32.805)
NETWORTH		1009.087	867.245	747.931
LOAN FUNDS
1] Secured Loans		383.217	294.832	256.185
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		383.217	294.832	256.185
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1392.304	1162.077	1004.116
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		232.527	174.919	205.053
Capital work-in-progress		6.468	0.799	2.759
INVESTMENT		0.000	0.500	0.500
DEFERREX TAX ASSETS		1.876	2.139	8.079
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	701.208	522.699	449.237
	Sundry Debtors	279.827	257.271	256.421
	Cash & Bank Balances	27.348	187.260	61.468
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	280.138	135.985	136.104
Total Current Assets		1288.521	1103.215	903.230
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	66.134	46.724	61.286
	Other Current Liabilities	53.073	48.781	50.541
	Provisions	17.881	23.990	3.678
Total Current Liabilities		137.088	119.495	115.505
Net Current Assets		1151.433	983.720	787.725
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1392.304	1162.077	1004.116

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1251.383	1020.550	781.166
		Other Income	6.614	12.296	5.703
		TOTAL (A)	1257.997	1032.846	786.869
Less	EXPENSES
		Consumption Materials Changed Inventories	604.272	474.944
		Manufacturing Services Costs	106.311	58.238	663.240
		Employee Related Expenses	148.534	128.685
		Administrative, Selling and Other Expenses	111.081	117.959
		TOTAL (B)	970.198	779.826	663.240
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		287.799	253.020	123.629
Less	FINANCIAL EXPENSES (D)		28.635	26.353	41.533
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		259.164	226.667	82.096
Less/ Add	DEPRECIATION/ AMORTISATION (F)		43.980	51.145	28.879
	PROFIT BEFORE TAX (E-F) (G)		215.184	175.522	53.217
Less	TAX (H)		73.342	60.970	24.749
	PROFIT AFTER TAX (G-H) (I)		141.842	114.552	28.468
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		81.747	(32.805)	(61.273)
	BALANCE CARRIED TO THE B/S		223.589	81.747	(32.805)
	EARNINGS IN FOREIGN CURRENCY		21.364	16.037	14.544
	Earnings Per Share (Rs.)
	- Basic		2.39	1.93	0.48
	- Diluted		2.39	1.93	0.48

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	11.28	11.09	3.62
Net Profit Margin (PBT/Sales)	(%)	17.20	17.20	6.81
Return on Total Assets (PBT/Total Assets}	(%)	14.15	13.73	4.80
Return on Investment (ROI) (PBT/Networth)		0.21	0.20	0.07
Debt Equity Ratio (Total Liability/Networth)		0.52	0.48	0.50
Current Ratio (Current Asset/Current Liability)		9.40	9.23	7.82

LOCAL AGENCY FURTHER INFORMATION

PERFORMANCE

The company has achieved 23% growth in gross revenue for the year at Rs.1377.500 Millions as compared with Rs. 1123.100 Millions in the previous year. The Profit After Tax (PAT) for the year stood at Rs. 141.800 Millions as against Rs. 114.600 Millions, a growth of 24%. Earnings Before Interest, Depreciation and Tax (EBIDT) margin stood at 20.89%, indicating the healthy performance of the company, considering the expenditure committed on various aspects of business as part of the expansion plan. Various business initiatives taken by the company during the year would yield better results in the near future and would reflect the same in terms of financial performance. Net worth of the company crossed Rs.1000.000 Millions mark as on 31st March 2011, while the total debt (including working capital loans) stood at Rs. 383.200 Millions. It indicates the healthiness of the balance sheet. The company has conducted a good number of ground events, including the Cine MAA Awards 2010, the annual flagship event, during year. The company has also focused on digital and new media platforms during the year and the benefits of the same would be more clearly visible in the near future. The Board of Directors is pleased to inform that MAA TV is among the Top 20 TV channels on the basis of All India rankings in terms of TAM viewership ratings.

LAUNCH OF MAA MOVIES AND MAA JUNIOR CHANNELS

With a view to take MAA TV to the next growth orbit and reach closer to the hearts of Telugu viewers, they have launched MAA Movies and MAA Junior channels on 4th February 2011. With the launch of these channels, MAA TV has emerged as a major Telugu TV Channel Network with a bouquet of four channels. MAA Movies is a visual treat for Telugu movie lovers. With about 150 movies releasing every year, Telugu movie industry is one of the biggest in India and a major source of entertainment for public at large. Over the years, MAA TV has built a strong movie library that boasts of cult classics and blockbusters in Telugu cinema to enthrall its viewers. MAA Movies leverages the strength of the movie library to offer film and film-based content to viewers. With a wide range of film-based programmes, MAA Movies will provide the film lovers with pleasant entertainment throughout the day. Since its inception, MAA TV is working very closely with the film industry to provide various forms of film entertainment. The MAA Movies channel fortifies the bondage further and bring the film industry to the reach of viewers on real time basis. With extensive market analysis on the kids' channels, MAA has launched MAA Junior with a strategy to differentiate it from the rest of the channels in this genre. Considering the void in the kids channel segment, MAA Junior has developed a wide variety of interesting and innovative concepts. MAA Junior is a huge gratification for children and other viewers with childhood like sensibilities at heart and mind. It is the entertainment with a bit of fun filled learning. Lot of programmes relevant to the children education & entertainment are offered. Besides featuring best international animation programmes in good quality Telugu version, MAA Junior focuses on Indian ethos, culture and value system with emphasis on local form and connect. Programmes aimed at both pre-school and school segments have a balanced focus on rural, urban and semi urban segments in Andhra Pradesh. Various forms of talent in the children are showcased effectively in MAA Junior. MAA Junior caters to the sensibilities of local taste through in-house programming with reality shows, game shows, live call-in shows and studio-based shows. The Board of Directors is highly optimistic about the prospects of the new channels and confident that initiatives would go a long way in realizing our vision to attain the status of a true and preferred entertainment channel network for Telugu Diaspora worldwide by delivering pleasant and wholesome entertainment.

FUTURE OUTLOOK

According to a recent report of FICCI-KPMG, the Indian Media & Entertainment (M&E) industry registered a growth of 11% in 2010 and touched Rs. 652 Billion. Backed by positive industry sentiment and growing media consumption, the industry is estimated to achieve a growth rate of 13% in 2011. Overall, the industry is expected to register a CAGR of 14% to touch Rs. 1275 Billion by 2015. Strong recovery in advertising spends is a key driver for growth. Advertising spends grew by 17% to Rs. 266 Billion in 2010 and accounted for 41% of overall M&E industry size. While television and print continued to dominate the Indian M&E industry, sectors such as gaming, digital advertising and animation VFX grew at a faster rate and show good potential in the coming years. Backed by the growth in advertising and subscription revenues, the television industry grew by 15.5% in 2010 and is expected to grow at a CAGR of 16% to touch Rs. 630 Billion by 2015. Television is expected to account for almost half of the Indian M&E industry revenues, and more than twice the size of print, the second largest media sector. On the TV distribution front, Direct to Home (DTH) achieved robust growth of 75% in net subscriber base by adding 12 million subscribers in 2010 to touch 28 million. The Government's thrust on digitization and addressability for cable television is expected to increase the pace of digitization leading to tremendous growth in DTH and digital cable. Ongoing 3G rollouts, increasing mobile and broadband penetration, the market for digital distribution platforms is only expected to grow. Andhra Pradesh, the home turf for Telugu TV Channels, is one of the potential markets for the M&E Industry. With a population of about 900 million, the state has over 19 million TV homes. Of these, there are about 11.5 million cable and satellite (C&S) homes and 1.4 million DTH homes. Pay TV channels will be benefitted as these numbers are expected to go up at a faster pace. Backed by the increasing purchasing power across tier 2 and tier 3 cities, regional media consumption is expected to continue to rise. These would offer very promising revenue, both on advertisement and distribution fronts, opportunity for MAA TV as a major TV Channel network. MAA TV with a bouquet of four channels is well poised to reap the benefits in the near future. MAA TV has strong programming teams in place for all its channels to continuously innovate new formats and programmes to garner more eyeballs for its channels.

FIXED ASSETS:

Tangible Assets

· Plant and Machinery

· Furniture and Fixture

· Computers and Accessories

· Vehicles

Intangible Assets

· Logo Changes

· Trophy Designing

WEBSITE DETAILS:

PROFILE:

MAA TV is a Telugu TV Channel network known for its vibrant, innovative, pleasant, versatile and interactive programming.

As the name 'MAA' indicates (Maa means 'ours' in Telugu), MAA TV is very close to the hearts of its viewers and it stands out from the cluster of channels through its programming quality. Emotional connect with the viewers has been the core strength and hallmark of MAA TV.

MAA TV is among the top 25 TV channels out of more than 400 channels that operate in the country now.

Subject as a corporate entity was formed in the year 2001 and the main channel MAA was launched in the year 2002. The second channel MAA Music was launched in 2008. Two more channels, MAA Movies and MAA Junior, were launched in February 2011. With the launch of MAA Movies and MAA Junior channels, MAA has emerged as a major Telugu Television network with a bouquet of four channels catering all major genres.

MAA TV establishes the vital bond with the audience by providing a complete ground experience. 'CineMaa Awards', the flagship event of MAA, has earned the reputation of the perfect platform for the film industry to come together and celebrate excellence in Telugu Cinema. Over the years, MAA TV has built a strong movie library that boasts of cult classics and blockbusters in Telugu cinema to enthral its viewers.

MAA TV's vision is to attain the status of a true and preferred entertainment channel for Telugu Diaspora worldwide by delivering pleasant and wholesome entertainment.

MAA Promoters

The Promoters of MAA TV are accomplished personalities in their fields, and they carry very rich and divergent expertise to give a right direction to MAA TV. The promoters share a common vision and business philosophy.

The promoters believe that MAA TV, being a mass media platform, has to play a constructive role in the evolution of the society. In line with the philosophy of its promoters, MAA TV is conscious about its responsibility towards the society and has been following healthy practices in the business.

With the broad vision and guidance of its promoters, MAA TV has achieved considerable growth in its business in the last few years.

MAA TV is taking several strategic business initiatives to enter into a higher growth orbit with a good bouquet of channels.

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.52.78
UK Pound	1	Rs.82.73
Euro	1	Rs.68.87

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	5
--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	NO
--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	-

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.