MIRA
INFORM REPORT
|
Report Date : |
10.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
PENGUIN BOOKS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11, Community Centre, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
20.03.1985 |
|
|
|
|
Com. Reg. No.: |
55-020493 |
|
|
|
|
Paid-up Capital
: |
Rs. 5.818 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110DL1985PTC020493 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP01109D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP6681K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Printers, Publishers and Distributors of Books |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject 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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
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 : |
11, Community Centre, |
|
Tel. No.: |
91-11-26494401/02/05/07 |
|
Fax No.: |
91-11-26494403/04 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As On 30.09.2010
|
Name : |
Mr. Andrew John Phillips |
|
Designation : |
Director |
|
Address : |
21, |
|
Date of Birth/Age : |
15.12.1963 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
01174829 |
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 |
U22110DL1997PTC089073 |
Dorling
Kindersley ( |
Director |
31.12.2006 |
31.12.2006 |
Active |
YES |
|
2 |
U22110DL1985PTC020493 |
Penguin
Books India Private Limited |
Director |
30.09.2010 |
22.09.2010 |
Active |
NO |
|
Name : |
Mr. Aveek Kumar Sarkar |
|
Designation : |
Managing Director |
|
Address : |
12/4, |
|
Date of Birth/Age : |
09.06.1945 |
|
Date of Appointment : |
25.03.1987 |
|
DIN No.: |
00224290 |
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 |
U74899DL1947PLC103246 |
The
Press Trust Of India Limited |
Director |
29.06.1984 |
29.06.1984 |
Active |
NO |
|
2 |
U22110DL1985PTC020493 |
Penguin
Books India Private Limited |
Managing
director |
25.03.1987 |
25.03.1987 |
Active |
NO |
|
3 |
U70109WB2000PTC091386 |
Abp
Holdings Private Limited |
Director |
16.03.2000 |
16.03.2000 |
Active |
NO |
|
4 |
U99999WB2000PTC913887 |
Sarkar
Consultants Private Limited |
Director |
16.03.2000 |
16.03.2000 |
Not
Available for eFiling |
NO |
|
5 |
U22211WB2000PTC091387 |
Satellite
Holdings Private Limited |
Director |
16.03.2000 |
16.03.2000 |
Active |
NO |
|
6 |
U92132MH2002PTC136072 |
Media
Content And Communications Services ( |
Director |
19.09.2003 |
19.09.2003 |
Active |
NO |
|
7 |
U22219WB1922PTC004503 |
Abp
Private Limited |
Director |
15.12.2003 |
15.12.2003 |
Active |
NO |
|
8 |
U85300WB1907NPL001771 |
Royal
|
Director |
17.09.2004 |
17.09.2004 |
Active |
NO |
|
9 |
U22121WB1970PTC027818 |
Business
Media Private Limited |
Director |
25.10.2008 |
25.10.2008 |
Active |
NO |
|
Name : |
Mr. Arup Kumar Sarkar |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
16.08.1946 |
|
Date of Appointment : |
10.07.1987 |
|
DIN No.: |
00200053 |
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 |
U22110DL1985PTC020493 |
Penguin
Books India Private Limited |
Director |
10.07.1987 |
10.07.1987 |
Active |
NO |
|
2 |
U70109WB2000PTC091386 |
Abp
Holdings Private Limited |
Director |
16.03.2000 |
16.03.2000 |
Active |
NO |
|
3 |
U99999WB2000PTC913887 |
Sarkar
Consultants Private Limited |
Director |
16.03.2000 |
16.03.2000 |
Not
Available for eFiling |
NO |
|
4 |
U22211WB2000PTC091387 |
Satellite
Holdings Private Limited |
Director |
16.03.2000 |
16.03.2000 |
Active |
NO |
|
5 |
U92132MH2002PTC136072 |
Media
Content And Communications Services ( |
Director |
19.09.2003 |
19.09.2003 |
Active |
NO |
|
6 |
U22219WB1922PTC004503 |
Abp
Private Limited |
Director |
15.12.2003 |
15.12.2003 |
Active |
NO |
|
7 |
U22121WB1970PTC027818 |
Business
Media Private Limited |
Director |
25.10.2008 |
25.10.2008 |
Active |
NO |
|
Name : |
Ms. Shobha Subramanyan |
|
Designation : |
Director |
|
Address : |
1304, Oakwood Apartments, Jakkasandra Block, Koramangala, |
|
Date of Birth/Age : |
27.10.1949 |
|
Date of Appointment : |
15.11.1989 |
|
DIN No.: |
00222719 |
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 |
U22110DL1985PTC020493 |
Penguin
Books India Private Limited |
Director |
15.11.1989 |
15.11.1989 |
Active |
NO |
|
2 |
U22219WB1922PTC004503 |
Abp
Private Limited |
Director |
20.03.2007 |
20.03.2007 |
Active |
NO |
|
Name : |
Mr. Alan Charles Miller |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
21.09.1947 |
|
Date of Appointment : |
30.10.2006 |
|
DIN No.: |
00809943 |
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 |
U22110DL1985PTC020493 |
Penguin
Books India Private Limited |
Director |
23.12.2006 |
30.10.2006 |
31.03.2011 |
Active |
NO |
|
2 |
U22210DL2008PTC186245 |
Pearson
India Private Limited |
Director |
31.12.2008 |
31.12.2008 |
01.04.2011 |
Active |
NO |
|
Name : |
Mr. John Crowther Makinson |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
10.10.1954 |
|
Date of Appointment : |
30.09.2002 |
|
DIN No.: |
00894422 |
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 |
U22110DL1985PTC020493 |
Penguin
Books India Private Limited |
Director |
30.09.2002 |
30.09.2002 |
- |
Active |
NO |
|
2 |
U22110DL1997PTC089073 |
Dorling
Kindersley ( |
Director |
30.11.2006 |
16.10.2006 |
22.11.2007 |
Active |
|
|
3 |
U22210DL2008PTC186245 |
Pearson
India Private Limited |
Director |
31.12.2008 |
31.12.2008 |
- |
Active |
NO |
|
4 |
U80221DL2008PTC182100 |
Indiacan
Education Private Limited |
Director |
22.07.2009 |
22.07.2009 |
- |
Active |
NO |
|
5 |
U80904KA2007PTC043359 |
Tutorvista
Education India Private Limited |
Additional
director |
18.01.2011 |
18.01.2011 |
- |
Active |
NO |
|
6 |
U72900KA2000PTC026506 |
Pearson
Education Services Private Limited |
Additional
director |
18.01.2011 |
18.01.2011 |
- |
Active |
NO |
|
7 |
U72200TN2005PTC057128 |
Tutorvista
Global Private Limited |
Additional
director |
18.01.2011 |
18.01.2011 |
- |
Active |
NO |
|
8 |
U80301KA2009PTC051955 |
Edurite
School Services Private Limited |
Additional
director |
18.01.2011 |
18.01.2011 |
- |
Active |
NO |
|
Name : |
Mr. Michael Goerge Bryan |
|
Designation : |
Director |
|
Address : |
N-50, |
|
Date of Birth/Age : |
18.05.1956 |
|
Date of Appointment : |
04.09.2007 |
|
DIN No.: |
01866051 |
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 |
U22110DL1985PTC020493 |
Penguin
Books India Private Limited |
Director |
04.09.2007 |
04.09.2007 |
10.05.2011 |
Active |
NO |
|
Name : |
Mr. Ashutosh Misra |
|
Designation : |
Alternate Director |
|
Address : |
29 Sainik Rarms, |
|
Date of Birth/Age : |
|
|
Date of Appointment : |
22.09.2010 |
|
DIN No.: |
03210204 |
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 |
U22110DL1985PTC020493 |
Penguin
Books India Private Limited |
Alternate
director |
24.01.2011 |
22.09.2010 |
31.03.2011 |
Active |
NO |
|
2 |
U64201DL2011PTC223555 |
Twenty
20 Consultants India Private Limited |
Director |
10.08.2011 |
10.08.2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Karuna Sharma |
|
Designation : |
Company Secretary |
|
Address : |
St 29, House No 3942, 43 Padam Singh Road, Karol Bagh, New Delhi –
110005, India |
|
Date of Birth/Age : |
22.06.1982 |
|
Date of Appointment : |
01.06.2010 |
|
Pan No.: |
BAXPS3694C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ananda Publishers Private Limited – |
|
26181 |
|
Penguin Publishing Company Limited – |
|
32000 |
|
Total |
|
58181 |
As On 30.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
55.00 |
|
Bodies corporate |
45.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printers, Publishers and Distributors of Books |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Facilities : |
Note: [*Amount repayable within one year Rs. 1.172 millions (Previous Year Rs. 2.047 millions)] |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institute : |
·
Kotak Mahindra Prime Limited – Plot No. 4, 101, 106-109,
DDA Building Complex, District Center, Near Scope Minar, Laxmi Nagar, Delhi –
110092, India ·
ICICI Bank Limited – ·
United Bank of |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountant |
|
Address : |
Building 8, 7th and 8th Floor, Tower B, |
|
Pan No.: |
AAEFP3641G |
|
|
|
|
Holding Company : |
·
Penguin Publishing Company Limited – |
|
|
|
|
Ultimate Holding Company : |
·
Pearson PLC |
|
|
|
|
Associates/Subsidiaries : |
· Penguin Group USA Inc. ·
Penguin Books Limited ·
Penguin Books · Pearson Education Asia Pte. Limited · Pearson Australia Group Pty. Limited · Pearson VUE · Pearson Shared Services Limited · Pearson Management Services Limited · Penguin Books (RSA) Pty Limited · Dorling Kindersley India Private. Limited · Pearson Custom Publishing, USA · Pearson Group Administration USA · Anand Publishers Private Limited · ABP Private Limited |
CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58181 |
Equity Shares |
Rs. 100/- each |
Rs. 5.818
Millions |
|
|
|
|
|
Note:
Out of which 32000 (previous year 22000) shares
are held by Penguin Publishing Company Limited, U.K., the holding company.
Of the above, 20,000 (Previous Year 20.000) equity shares are allotted as fully paid-up bonus shares by capitalizing General Reserve and 8,181 (Previous Year Nil) equity shares are allotted as fully paid-up bonus shares by capitalizing Share Premium Account.
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 |
5.818 |
4.000 |
4.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
451.029 |
325.637 |
326.841 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
456.847 |
329.637 |
330.841 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.298 |
2.990 |
1.877 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.298 |
2.990 |
1.877 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
458.145 |
332.627 |
332.718 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.494 |
35.299 |
17.640 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.394 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.674 |
0.000 |
|
|
DEFERREX TAX ASSETS |
30.533 |
33.299 |
24.875 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
160.291
|
138.372 |
113.679 |
|
|
Sundry Debtors |
466.334
|
425.168 |
451.699 |
|
|
Cash & Bank Balances |
67.838
|
52.663 |
146.688 |
|
|
Other Current Assets |
0.085
|
0.303 |
1.047 |
|
|
Loans & Advances |
59.229
|
62.332 |
35.195 |
|
Total
Current Assets |
753.777
|
678.838 |
748.308 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
288.249
|
323.907 |
423.700 |
|
|
Other Current Liabilities |
11.844
|
6.196 |
8.079 |
|
|
Provisions |
58.526
|
85.380 |
26.720 |
|
Total
Current Liabilities |
358.659
|
415.483 |
458.499 |
|
|
Net Current Assets |
395.118
|
263.355 |
289.809 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
458.145 |
332.627 |
332.718 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
756.981 |
|
|
|
|
Other Income |
|
6.524 |
|
|
|
|
TOTAL |
825.207 |
763.505 |
1078.894 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Financial Expenses |
|
|
|
|
|
|
TOTAL |
739.945 |
754.580 |
914.354 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
85.262 |
8.925 |
164.540 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.123 |
6.767 |
4.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
76.139 |
2.158 |
159.938 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
26.779 |
3.362 |
56.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
49.360 |
(1.204) |
103.849 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
|
97.340 |
|
|
|
Proposed Dividend |
NA |
NA |
3.000 |
|
|
|
Income Tax on Proposed Dividend |
|
|
0.510 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
2.999 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
19.097 |
18.174 |
16.529 |
|
|
|
Royalty on subsidiary rights |
5.318 |
7.282 |
6.359 |
|
|
|
Others (reimbursement of expenses) |
0.568 |
0.147 |
0.046 |
|
|
TOTAL EARNINGS |
24.983 |
25.603 |
22.934 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Printed Books for Resale |
339.540 |
252.485 |
487.541 |
|
|
TOTAL IMPORTS |
339.540 |
252.485 |
487.541 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
942.00 |
(30.10) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.98
|
(0.16) |
9.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.29 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.68
|
0.30 |
20.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.01 |
0.48 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.79
|
0.15 |
1.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
1.63 |
1.63 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
All the industries across the globe had a sigh of relief after passing through one of the toughest year. Despite of the remnants of the previous year’s break down, the Company performed pretty well in the year. The company had Revenues approximating to Rs. 825.207 millions against Rs. 763.505 millions for the previous year with a growth of 8.08%. The Company’s Profit before tax was 76.139 millions against Rs. 2.158 millions) for the previous year with a remarkable upmark of 34.28%.
They earned Profits after Taxes of Rs.49.360 millions over the previous year’s of loss of Rs. (1.204 millions).
The Directors are, however, confident that in the coming fiscal year, the Company will perform even better.
Form 8:
|
Corporate identity number of the company |
U22110DL1985PTC020493 |
||||||
|
Name of the company |
Penguin Books India Private Limited |
||||||
|
Address of the registered office or of the
principal place of business in |
11 Community Centre, Panchsheel Park, New
Delhi, Delhi - 110017, India |
||||||
|
This form is for |
Creation of charge |
||||||
|
Type of charge |
Book Debts Movable Property |
||||||
|
Particular of charge holder |
|
||||||
|
Nature of instrument creating charge |
Hypothecation deed dated 31.08.2009
creating Primary charge on current assets, inclusive of inventories and
receivable, both present and future |
||||||
|
Date of instrument Creating the charge |
31.08.2009 |
||||||
|
Amount secured by the charge |
Rs. 250.000 Millions |
||||||
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest - BPLR -1% that is
presently 11% Terms of Repayment - This is cash
credit limit Margin
- 25% on paid up stock and receivables Extent and Operation of the charge - The
Cash Credit limit along with interest, fees, charges and all other monies due
to the Bank shall be secured by : Exclusive hypothecation charge on current
assets, inclusive of inventories and receivables, both present and future. |
||||||
|
Particulars of the property charged |
45/2, Site IV, Sahibabad Industrial Area -
201 001 |
Fixed Assets:
·
Computers
·
Vehicles
·
Furniture and fittings
·
Leasehold improvements
·
Plant and machinery
·
Software
AS PER WEBSITE DETAILS
PROFILE:
Penguin Books India is the largest English language trade publisher in the subcontinent. Headquartered in New Delhi, the company’s commercial activity includes the publishing of its own books in the English language as well as in Hindi, Marathi, Urdu and Malayalam and the distribution of books of publishers including the Penguin Group, A and C Black, Atlantic Books, Bloomsbury, Faber and Faber, Granta, Hay House, Icon, Kyle Cathie, Marshall Cavendish, Mira, Quercus, Sterling Publishing and Zubaan.
Founded in 1985, Penguin began publishing in October 1987 with seven titles. Today, the company publishes more than 200 new titles every year and has an active backlist of over 2000 titles.
Known for its strong fiction and narrative non-fiction list, Penguin India has published across virtually every segment including self-help, cookery, reference and quizzing, biography, travel, picture books, business, politics, history, health and fitness, religion and philosophy as well as sports and leisure. Penguin also has the widest distribution network amongst publishers in the region.
Penguin’s biggest authors have won virtually every major literary prize, including the Nobel Prize, the Magsaysay Award, the Jnanpith Award, the Man Booker Prize, the Sahitya Akademi Award and the Commonwealth Writers’ Prize; several of Penguin’s authors are also recipients of the Bharat Ratna and the Padma Vibhushan, India’s highest civilian honours.
Penguin’s biggest publishing initiatives in the recent past include the launch of its Indian Language Publishing programme in 2005 and the launch of Portfolio, its business imprint, in 2006 which is characterized by the best of writing on business and management. In 2008 Penguin launched its internationally renowned non-fiction imprint Allen Lane in India as well as the Penguin Studio imprint which publishes high-quality illustrated books. This was followed by the launch of Penguin’s literary imprint Hamish Hamilton in 2009.
Penguin publishes its children’s titles under the Puffin imprint which are marked by stunning illustrations by leading artists in the country, and production quality that meets the highest international standards.
Penguin India also publishes Indian stories in Ladybird’s internationally bestselling ‘Favourite Tales’ series and was the first to publish Ladybird books outside the UK.
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.46.38 |
|
|
1 |
Rs.74.01 |
|
Euro |
1 |
Rs.64.48 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.