1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Bartaman Private
Limited |
Principal Name 1 |
Mr. Sakti Dasgupta |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Subha Datta |
|
|
|
Registration # |
21-35338 |
|
Street Address |
6, J B S Haldane Avenue, Tiljala, Kolkata-700105, West Bengal, India |
||
|
Established Date |
15.10.1982 |
SIC Code |
-- |
|
Telephone# |
91-33-23000101/ 102/ 103/ 104/ 106 to 110/ 2243907/ 22449680/ 66220612 |
Business Style 1 |
Printing |
|
Fax # |
91-33-23233001/ 23233002/ 22441215/ 23234030 |
Business Style 2 |
Publishing |
|
Homepage |
Product Name 1 |
‘Bratman’, Bengali Daily Newspaper |
|
|
# of employees |
240 (Approximately) |
Product Name 2 |
‘Saptahik Bartman’ Bengali Weekly Magazine. |
|
Paid up capital |
Rs.3,106,300/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate- 100.00% |
Banking |
State Bank of India (Lead Bank) |
|
Public Limited Corp. |
No |
Business Period |
29 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
A
(61) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
259,490,000 |
Current Liabilities |
201,012,000 |
|
Inventories |
128,740,000 |
Long-term Liabilities |
20,999,000 |
|
Fixed Assets |
305,484,000 |
Other Liabilities |
40,733,000 |
|
Deferred Assets |
0,000,000 |
Total Liabilities |
262,744,000 |
|
Invest& other Assets |
16,160,000 |
Retained Earnings |
444,024,000 |
|
|
|
Net Worth |
447,130,000 |
|
Total Assets |
709,874,000 |
Total Liab. & Equity |
709,874,000 |
|
Total Assets (Previous Year) |
613,464,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
716,307,000 |
Net Profit |
59,766,000 |
|
Sales(Previous yr) (Total Income) |
592,734,000 |
Net Profit(Prev.yr) |
39,895,000 |
MIRA
INFORM REPORT
|
Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
BARTAMAN PRIVATE LIMITED (w.e.f. 02.01.2002) |
|
|
|
|
Formerly Known As : |
BARTAMAN PRINTERS AND PUBLISHERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6, J B |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
15.10.1982 |
|
|
|
|
Com. Reg. No.: |
21-35338 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121WB1982PTC035338 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALB05702E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB6237C |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Printing and Publishing of ‘Bratman’, Bengali Daily Newspaper and
‘Saptahik Bartman’ Bengali Weekly Magazine. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial Position
of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
6, J B |
|
Tel. No.: |
91-33-23000101/ 102/ 103/ 104/ 106 to 110/ 2243907/ 22449680/ 66220612 |
|
Fax No.: |
91-33-23233001/ 23233002/ 22441215/ 23234030 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
76-A, |
|
Tel. No.: |
91-33-22443907/ 22449680 |
|
Fax No.: |
91-33-22441215 |
|
|
|
|
Branches: |
Located at: ·
Mumbai ·
·
|
DIRECTORS
(AS ON 30.09.2010)
|
Name : |
Mr. Sakti Dasgupta |
|
Designation : |
Whole Time Director |
|
Address : |
GD 277, |
|
Date of Birth/Age : |
14.02.1946 |
|
Date of Appointment : |
15.10.1982 |
|
|
|
|
Name : |
Ms. Subha Datta |
|
Designation : |
Whole Time Director |
|
Address : |
GD 277, |
|
Date of Appointment : |
01.01.1997 |
|
|
|
|
Name : |
Mr. Kusal Kumar Datta |
|
Designation : |
Director |
|
Address : |
GD 277, |
|
Date of Birth/Age : |
05.01.1948 |
|
Date of Appointment : |
18.09.2007 |
|
|
|
|
Name : |
Mr. Amit Roy |
|
Designation : |
Director |
|
Address : |
140 A, |
|
Date of Birth/Age : |
16.12.1952 |
|
Date of Appointment : |
19.10.2007 |
|
|
|
|
Name : |
Ms. Manjima Bhattacharya |
|
Designation : |
Director |
|
Address : |
6, Sunny Park, Falt 9/5, Block B, Kolkata-700019, West |
|
Date of Birth/Age : |
06.09.1966 |
|
Date of Appointment : |
10.07.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Soumani Investment (Private) Limited, India |
|
14358 |
|
Bartaman Holding Trust (Private) Limited, India |
|
16705 |
|
|
|
|
|
Total |
|
31063 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of ‘Bratman’, Bengali Daily Newspaper and
‘Saptahik Bartman’ Bengali Weekly Magazine. |
|
|
|
|
Products : |
·
Newspaper ·
Magazine ·
Advertisement Space |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Newspaper |
Nos. |
150000 |
129,844,963 |
|
Weekly Magazine |
Nos. |
-- |
6,663,521 |
|
Monthly Magazine |
Nos. |
-- |
1,224,958 |
|
Annual Magazine |
Nos. |
-- |
165,000 |
GENERAL INFORMATION
|
No. of Employees : |
240 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· State Bank of India (Lead Bank), Commercial Branch, Kolkata, 24, Park Street, Kolkata-700016, West
Bengal, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
Plot No. –Y-14, Block-EP, Sector -5, Salt Lake, Electronics Complex,
Vidhan Nagar, Kolkata-700091, West Bengal, India |
CAPITAL STRUCTURE
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31063 |
Equity Shares |
Rs. 100/-
each |
Rs.3.106
Millions |
|
|
|
|
|
NOTE:
During the year, the company has issued and
allotted 1,080 Equity Shares of Rs.100/- each fully paid up at a premium of Rs.8,500
per share ranking pari pasu in all respect with existing equity shares.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.106 |
2.998 |
2.998 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
444.024 |
375.079 |
335.184 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
447.130 |
378.077 |
338.182 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.999 |
51.895 |
40.419 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
20.999 |
51.895 |
40.419 |
|
|
DEFERRED TAX LIABILITIES |
34.083 |
30.448 |
28.767 |
|
|
|
|
|
|
|
|
TOTAL |
502.212 |
460.420 |
407.368 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
305.484 |
253.975 |
252.824 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
16.160 |
16.160 |
16.160 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
128.740
|
231.075
|
136.946
|
|
|
Sundry Debtors |
77.297
|
72.613
|
65.406
|
|
|
Cash & Bank Balances |
151.582
|
25.757
|
121.569
|
|
|
Other Current Assets |
10.513
|
7.503
|
4.014
|
|
|
Loans & Advances |
20.098
|
6.381
|
5.332
|
|
Total
Current Assets |
388.230
|
343.329 |
333.267 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
175.455
|
123.641
|
160.049
|
|
|
Other Current Liabilities |
25.557
|
25.669
|
26.181
|
|
|
Provisions |
6.650
|
3.734
|
8.653
|
|
Total
Current Liabilities |
207.662
|
153.044
|
194.883
|
|
|
Net Current Assets |
180.568
|
190.285
|
138.384
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
502.212 |
460.420 |
407.368 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
716.307 |
592.734 |
551.044 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
607.926 |
515.471 |
457.776 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
108.381 |
77.263 |
93.268 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.982 |
12.937 |
14.979 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
94.399 |
64.326 |
78.289 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
34.633 |
24.431 |
30.099 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
59.766 |
39.895 |
48.190 |
|
|
|
|
|
|
|
|
|
|
Import Value |
168.146 |
278.137 |
256.779 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1992.92 |
1330.59 |
1669.95 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
8.34
|
6.73
|
8.75
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.61
|
10.77
|
13.36
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.17
|
0.23
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.51
|
0.54
|
0.70
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
2.24
|
1.71
|
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS:
The profit for the year before tax amounted to Rs.94.399 Millions
(Previous year Rs.64.326 Millions) after providing or depreciation amounting to
Rs.13.982 Millions (Previous Year Rs.12.937 Millions.)
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
|
|
Claims not
acknowledged as debts |
|
|
|
- Disputed Sales Tax |
0.094 |
0.094 |
|
- Disputed Income Tax |
2.978 |
2.978 |
|
|
|
|
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U22121WB1982PTC035338 |
|
Name of the
company |
BARTAMAN PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
6, J B |
|
Type of charge |
Book Debts Movable Property Floating Charge Others- All other
current Assets |
|
Particular of
charge holder |
State Bank of |
|
Nature of description
of the instrument creating or modifying the charge |
Working Capital
Consortium Agreement Joint Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
30.12.2010 |
|
Amount secured by
the charge |
Rs. 207.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest SBI- CC: At 0.75%
above SBAR (Benchmark PLR), present effective rate being 12.50% p.a. UCO Bank- CC:
BPLR + 0.5% i.e. 13.00% p.a. (floating). AB- As per
sanction letter. Terms of
Repayment The Borrower
shall repay the Working Capital Limit on Demand of the respective Bank/s. Margin As applicable to
SBI: Raw Materials : Domestic : 20%, Imported : 20% and Receivables
(Cover 60 days) : 25%. Margin as
applicable to other Banks are specified in the Sanction Letters of the
respective Bank/s. Extent and
Operation of the charge The charge shall
operate as pari passu first charge basis amongst the Working Capital Bankers on
the whole of the hypothecated current assets of the Company, both present and
future without any preference or priority of one over the other/others to
secure the overall limit of Rs.207.500 Millions (SBI - Rs.83.000 Millions,
UCO - Rs.70.800 Millions and AB - Rs.53.700 Millions) together with interest,
costs and charges thereon. Others: The Borrower
shall not do or allow anything which may prejudice the security and shall
comply with the terms and conditions of the Agreements. |
|
Short particulars
of the property charged |
The whole of the current assets of the Borrower namely stocks of raw materials, stock in process, semi finished and finished goods, stores and spares not related to plant and machinery (consumable stores and spare), bills receivables and book debts and all other movables, both present and future whether now lying loose or in cases or which are now lying or stored in or about or shall hereinafter from time to time during the continuance of this security of these presents be brought into or upon or be stored or be in or about the Borrower's factories premises and godowns situated at 6, J. B. S. Haldane Avenue, Tiljala, Kolkata 700105 or where ever else the same may be or be held by any party to the order or disposition of the Borrower or in the course of transit or on high seas or on order or delivery howsoever and where so ever in the possession of the Borrower and either by way of substitution or addition by way of pari passu first charge basis. |
FIXED ASSETS:
·
·
·
Buildings
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Motor Cars
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.44.59 |
|
|
1 |
Rs.73.42 |
|
Euro |
1 |
Rs.66.04 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
61 |
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.