1. Summary Information

		Country	India
Company Name	THE MALAYALA MANORAMA COMPANY LIMITED	Principal Name 1	Mr. Mammen Mathew
Status	Excellent	Principal Name 2	Mr. Mammen Eapen
		Registration #	--
Street Address	Manorama Building, K. K. Road, P. B. No. 26, Kottayam 686 001, Kerala
Established Date	04.03.1889	SIC Code	--
Telephone#	91-481-2563646	Business Style 1	Printing and publishing of magazines and news papers in Malayalam
Fax #	91-481-2562479	Business Style 2	--
Homepage	--	Product Name 1	--
# of employees	--	Product Name 2	--
Paid up capital	Rs. 7.200 Millions	Product Name 3	--
Shareholders	Peter Philip - 43880	Banking	State Bank of Travancore
Public Limited Corp.	--	Business Period	23 years
IPO	---	International Ins.	-
Public Enterprise	---	Rating	Aa (72)
Related Company
Relation Associates / Subsidiaries	Country India	Company Name	MM TV Limited
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	2,035,238,000	Current Liabilities	1,307,171,000
Inventories	429,727,000	Long-term Liabilities	709,336,000
Fixed Assets	1,929,353,000	Other Liabilities	411,083,000
Deferred Assets	18,918,000	Total Liabilities	2,427,590,000
Invest& other Assets	392,089,000	Retained Earnings	2,370,535,000
		Net Worth	2,377,735,000
Total Assets		Total Liab. & Equity	4,805,325,000
Total Assets (Previous Year)	4,805,325,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	6,085,105,000	Net Profit	754,269,000
Sales(Previous yr)	5,512,095,000	Net Profit(Prev.yr)	127,743,000

MIRA INFORM REPORT

Report Date :

29.09.2011

IDENTIFICATION DETAILS

Name :	THE MALAYALA MANORAMA COMPANY LIMITED
Registered Office :	Manorama Building, K. K. Road, P. B. No. 26, Kottayam 686 001, Kerala
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	04.03.1889
Com. Reg. No.:	09-000647
Capital Investment / Paid-up Capital :	Rs. 7.200 Millions
CIN No.: [Company Identification No.]	U22121KL1989PLC000647
Legal Form :	A closely held Public Limited Liability Company
Line of Business :	Printing and publishing of magazines and news papers in Malayalam
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Aa (72)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 9510940
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed Publisher of Newspaper, Magazines etc. It is an old company. It’s fundamentals are very strong. Financial position is good. The company is doing well. Its payments are always correct and as per commitments. The company can be considered good for any business dealings.

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)
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 :	Manorama Building, K. K. Road, P. B. No. 26, Kottayam 686 001, Kerala, India
Tel. No.:	91-481-2563646
Fax No.:	91-481-2562479/2565399
E-Mail :	editor@mm.co.in
Website :	www.malayalamanorama.com
Factory 1 :	P. B. No. 201, Ikkanda Warrier Road, Trichur-680 001, Kerala, India
Branches :	Located At: Kozhikode Kochi. Thiruvananthapuram Palakkad Kannur Kollam

DIRECTORS

AS ON 30.09.2009

Name :	Mr. Mammen Mathew
Designation :	Managing Director
Address :	Manorma Mandiram, Manganam, Kolttyam, Kerala.
Date of Birth/Age :	20.09.1944
Date of Appointment :	01.09.1988

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	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	18/01/1973	18/01/1973	-	Active	NO
2	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Director	23/09/1983	23/09/1983	-	Active	NO
3	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	21/09/1984	21/09/1984	22/09/2008	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Managing director	01/09/2008	15/03/2001	-	Active	NO
5	U92132KL2004PLC017566	MM TV LIMITED	Director	29/10/2004	29/10/2004	-	Active	NO

Name :	Mr. Mammen Eapen
Designation :	Director
Address :	Old – 15, New – 10, Wallace Garden, 1^st Dtreet, Chennai, India.
Date of Birth/Age :	29.03.1935
Date of Appointment :	11.11.1970

Other Directorship:

Top of Form

Bottom of Form

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	11/11/1970	11/11/1970	-	Active	NO
2	L70102KA1974PLC002641	BALANOOR PLANTATIONS AND INDUSTRIES LIMITED	Director	20/01/1975	20/01/1975	-	Active	NO
3	U06599KA1987PTC008774	MAMMEN MAPPILLAI AND INVESTMENTS PRIVATE LIMITED	Director	13/09/1991	13/09/1991	-	Active	NO
4	U70102KA1991PTC011987	M.M. HOUSING PRIVATE LIMITED	Director	24/02/1995	24/02/1995	-	Active	NO

Name :	Dr. Peter Philip
Designation :	Director
Address :	11 – A, Cuffe Parade, Groud Floor, Colaba, Mumbai, India.
Date of Birth/Age :	16.06.1943
Date of Appointment :	02.10.1971

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	02/10/1971	02/10/1971	-	Active	NO
2	U74999MH1943PLC004023	COMMERCIAL BROADCASTS LTD	Director	02/10/1971	02/10/1971	-	Active	NO
3	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	20/01/1975	20/01/1975	-	Active	NO
4	U99999MH1980PLC023038	PHILIPS COFFEE AND TEA LTD	Director	29/08/1980	29/08/1980	-	Strike off	NO
5	L25191GJ1974PLC002555	GUJARAT RECLAIM AND RUBBER PRODUCTS LTD	Director	01/04/1981	01/04/1981	-	Active	NO
6	U67120MH1981PTC025333	PHILIPS INVESTMENTS PVT LTD	Director	01/10/1983	01/10/1983	-	Active	NO
7	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Managing director	01/06/2009	01/06/1984	-	Active	NO
8	U92100MH1944PTC004234	REMBRANDT AND VANDYKES PRIVATE LIMITED	Director	07/10/1991	07/10/1991	-	Active	NO
9	U25199TN1989PTC017023	M.M. RESEARCH COMPANY PRIVATE LIMITED	Director	16/01/1997	16/01/1997	-	Active	NO
10	U85110KA1993PLC014267	INDO BLOOMS LIMITED	Director	24/01/2007	24/01/2007	-	Active	NO

Name :	Mr. Palampadam. T. Thomas
Designation :	Director
Address :	42/866, Shangrila Power House Road, Cochin, Kerala.
Date of Birth :	29.12.1953
Date of Appointment :	08.10.2007

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	U63040KL1989PTC005418	SUNDALE VACATIONS PRIVATE LIMITED	Director	02/03/1995	02/03/1995	-	Active	NO
2	U01119KL1919PLC001148	THE TROPICAL PLANTATIONS LTD	Whole-time director	01/09/2007	01/09/2002	-	Active	NO
3	U01119KL1920PLC000847	PALAMPADAM PLANTATIONS LTD	Director	28/09/2006	28/09/2006	-	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director appointed in casual vacancy	08/10/2007	08/10/2007	-	Active	NO
5	U91110KL1992NPL006873	TEA TRADE ASSOCIATION OF COCHIN	Director	23/09/2008	23/09/2008	-	Active	NO

Name :	Suresh Mehta
Designation :	Director
Address :	404, Sarita Apt, Road No. 4, Banjara Hills, Hyderabad, India.
Date of Birth/Age :	14.08.1985
Date of Appointment :	27.10.1944

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	14/08/1985	14/08/1985	-	Active	NO
2	U18100AP1993PTC015342	ENCORE FABRICS PVT LTD	Director	08/02/1993	08/02/1993	-	Active	YES

Name :	Mr. Jacob Mammen
Designation :	Director
Address :	12, Walton Road, Bangalore 560001
Date of Birth/Age :	04.04.1986
Date of Appointment :	15.11.1962

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	U67120KA1983PLC005177	STABLE INVESTMENTS AND FINANCE COMPANY LIMITED	Director	23/02/1983	23/02/1983	-	Active	NO
2	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	21/01/1985	21/01/1985	-	Active	NO
3	U29222KA1972PTC002201	DEVON MACHINES PRIVATE LIMITED	Director	11/02/1986	11/02/1986	-	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	04/04/1986	04/04/1986	-	Active	NO
5	U85110KA1983PLC005134	DEVON FINANCIAL SERVICES LIMITED	Director	29/04/1986	29/04/1986	-	Active	NO
6	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Director	09/02/1989	09/02/1989	-	Active	NO
7	U01122KA1989PLC010064	INDO ROSES AND FLORICULTURE LIMITED	Director	18/09/1989	18/09/1989	-	Active	NO
8	U06599KA1987PTC008774	MAMMEN MAPPILLAI AND INVESTMENTS PRIVATE LIMITED	Director	20/08/1993	20/08/1993	-	Active	NO
9	L85110KA1943PLC000314	BADRA ESTATES AND INDUSTRIES LIMITED	Managing director	01/10/2010	01/03/1994	-	Active	NO
10	U70102KA1991PTC011987	M.M. HOUSING PRIVATE LIMITED	Director	24/02/1995	24/02/1995	-	Active	NO
11	U74140KA1998PTC023976	TEXTILE SOURCING AND SERVICES PRIVATE LIMITED	Director	21/07/1998	21/07/1998	16/04/2007	Active	NO
12	L25190KA1964PLC052092	M M RUBBER COMPANY LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO

Name :	Mr. Kuriyan Zacharriah
Designation :	Director
Address :	Thayyil, Kandathir, 2, Erayilkadavu, Kottayam, Kerala 686001
Date of Birth/Age :	21.07.1956
Date of Appointment :	24.04.1990

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	L85110KA1943PLC000314	BADRA ESTATES AND INDUSTRIES LIMITED	Director	27/06/1984	27/06/1984	-	Active	NO
2	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	24/04/1990	24/04/1990	-	Active	NO
3	U01131KA1967PTC001701	PANDALUR PLANTATIONS PRIVATE LIMITED	Director	10/10/1993	10/10/1993	-	Active	NO
4	U24129KL1955PTC001136	SICAF PRIVATE LIMITED	Director	30/03/1995	30/03/1995	-	Active	YES
5	U51909KL1996PLC009894	G MART LIMITED	Director	04/08/1996	04/08/1996	-	Active	NO
6	U91200KL1939NPL000037	THE ASSOCIATION OF PLANTERS OF KERALA	Director	01/10/2004	01/10/2004	-	Active	NO
7	L01116KL1943PLC000389	THE GOKUL RUBBER AND TEA PLANTATIONS LTD	Managing director	01/11/2007	31/10/2005	-	Active	NO

Name :	Mr. Adangapurath Kurian Abraham
Designation :	Director
Address :	Adangapuram 24, Layam Road, Kochin, Kerala 682011
Date of Birth/Age :	23.08.1938
Date of Appointment :	24.04.1990

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	24/04/1990	24/04/1990	-	Active	NO

Name :	Mr. Ashok Jacob
Designation :	Director
Address :	55, Victoria road, Bellevue hill, NSW 2023, Australia
Date of Birth/Age :	14.10.1960
Date of Appointment :	30.09.1999

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	03/03/1999	03/03/1999	-	Active	NO

Name :	Prof. Abraham Koshy
Designation :	Director
Address :	House No. 409, IIm Vastrapur– 380015, Gujarat, India
Date of Birth/Age :	18.01.1953
Date of Appointment :	03.03.1999

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	03/03/1999	03/03/1999	-	Active	NO
2	U26950GJ1981PLC047664	SPARTA CEMENTS AND INFRA LIMITED	Director	12/11/2005	12/11/2005	31/03/2010	Active	YES
3	L34300PN1996PLC104510	AUTOLINE INDUSTRIES LIMITED	Director	27/09/2006	01/07/2006	-	Active	NO
4	L65191KL1931PLC000368	THE FEDERAL BANK LTD	Director	24/09/2007	24/09/2007	-	Active	NO
5	L26910GJ1998PLC034400	CERA SANITARYWARE LIMITED	Director	12/09/2008	31/10/2007	19/04/2010	Active	NO

Name :	George Verghese Kandathil
Designation :	Director
Address :	K.M. Verghese Road, Kottayam, Kerala – 686001, India
Date of Birth/Age :	11.03.1941
Date of Appointment :	22.05.1980

KEY EXECUTIVES

Name :	Mr. George Verghese
Designation :	Company Secretary
Address :	Kandathil, K. M. Varghese Road, Kottayam, Kerala 686001
Date of Birth/Age :	11.03.1941
Date of Appointment :	22.05.1980

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2009

Names of Shareholders	No. of Shares
Rahul Mammen Mappillai	12000
Omana Mammen	13500
Arjun Joseph	11250
Kiran Joseph	11250
T K Kurian	14400
K C Mammen	10110
K. K. Mammen Mappilai	16488
Susan Kurian	10258
Beebi Mammen	27700
Amit Mathew	10057
Harsha Mathew	16800
Samir Tharivan Mappilai	10540
Riyad Mathew	11630
Peter Philip	43880
Roy Mammen	20100
Rachel Kattukaran	16780
Aswathy Varghese	10800
Mammy Philip	10200
Tara Joseph	10200
Roshin Varghese	10800
Shilpa Mammen	16225
T Jacob	18000
Arun Mammen	22560
Sujith Joseph	17125
Sunil Thomas	17125
George Jacob	29000
Karun Philip	36000
Jayant Mammen Mathew	27880

AS ON 30.09.2009

Equity Share Break-up	Percentage of Holding
Director or relatives of Directors	33.00
Others top fifty [50] shareholders	66.00
Others	1.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Printing and publishing of magazines and news papers in Malayalam

Products :

ITC Code No.	Product Description
490210.01	Newspaper and Periodicals

Imports :

Products :

• Machinery
• Spares
• Newsprint

Countries :

• USA
• Sweden
• Japan
• Germany
• Finland

Terms :

Selling :

Cash or Credit [30 days] terms

Purchasing :

L/C, Cash or Credit [30 days] terms.

GENERAL INFORMATION

Bankers :

• State Bank of Travancore, Kottayam Main Branch, Thirunakkara, Kottayam - 686001, Kerala, India
• Syndicate Bank, Kottayam-686001, Kerala, India

Facilities :

Secured Loans :	As on 31.03.2010 Rs. in Millions
Loans and Advance from Banks: Term Loans	418.767
Working Capital Loans	42.360
Other Short Term Loans-Buyers Credit	0.000
Total	461.127

Unsecured Loans :	As on 31.03.2010 Rs. in Millions
Fixed Deposits	31.218
Long Term Subscriptions	56.104
Other Loans and Advances	160.888
Total	248.210

Banking Relations :	--
Auditors :
Name :	Cheriyan and Cheriyan Chartered Accountant
Address :	Kallarackal Buildings, Miss East Road, Baker Hill Kottayam 686001, Kerala, India
Associates/Subsidiaries :	Aero Estates and Leasing Company Limited MM TV Limited Commercial Broadcasts Limited Young India Agencies Private Limited

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
1000	8% Tax Free Cumulative Preference shares	Rs. 100/- each	Rs. 0.100 Million
4000	8% Tax Free Redeemable Cumulative Preference Shares	Rs. 100/- each	Rs. 0.400 Million
950000	Equity Shares	Rs. 10/- each	Rs. 9.500 millions
	Total		Rs. 10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
720000	Equity Shares	Rs. 10/- each	Rs. 7.200 Millions

Note:

Of the above shares, 6,80,000 shares are allotted as fully paid up by way of Bonus shares by capitalisation from General Reserve

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		7.200	7.200	7.200
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2370.535	1733.807	1631.336
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2377.735	1741.007	1638.536
LOAN FUNDS
1] Secured Loans		461.127	1420.486	1410.004
2] Unsecured Loans		248.209	227.036	243.979
TOTAL BORROWING		709.336	1647.522	1653.983
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
AGENTS DEPOSITS		411.083	373.983	338.503
TOTAL		3498.154	3762.512	3631.022
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1929.353	2003.221	1897.741
Capital work-in-progress		12.682	15.215	122.120
INVESTMENT		379.407	379.407	359.408
DEFERREX TAX ASSETS		18.918	15.039	15.382
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	429.727	743.171	428.169
	Sundry Debtors	611.392	539.152	587.733
	Cash & Bank Balances	594.901	312.382	612.699
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	828.945	445.547	679.953
Total Current Assets		2464.965	2040.252	2308.554
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	420.716	305.597	519.559
	Other Current Liabilities	42.334	40.896	45.812
	Provisions	844.121	344.129	506.812
Total Current Liabilities		1307.171	690.622	1072.183
Net Current Assets		1157.794	1349.630	1236.371
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		3498.154	3762.512	3631.022

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	6085.105	5512.095	4991.535
		Other Income	142.486	132.657	118.352
		TOTAL (A)	6227.591	5644.752	5109.887
Less	EXPENSES
		Raw materials consumed	2181.083	2694.219	2039.002
		Reporting, News and other direct expenses	464.072	446.848	363.272
		Other expenses	1994.249	1805.986	1587.795
		(Increase)/Decrease in Inventories	0.000	(8.713)	0.859
		TOTAL (B)	4639.404	4938.340	3990.928
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1588.187	706.412	1118.959
Less	FINANCIAL EXPENSES (D)		115.384	160.997	110.131
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1472.803	545.415	1008.828
Less/ Add	DEPRECIATION/ AMORTISATION (F)		276.016	298.353	314.798
	PROFIT BEFORE TAX (E-F) (G)		1196.787	247.062	694.030
Less	TAX (H)		442.518	119.319	292.279
	PROFIT AFTER TAX (G-H) (I)		754.269	127.743	401.751
Less	APPROPRIATIONS
		Transfer to General Reserve	636.728	102.472	347.030
		Corporate Dividend tax ( interim dividend)	0.000	0.000	1.223
		Interim Dividend on equity shares	0.000	0.000	7.200
		Dividend	100.800	21.600	39.600
		Tax on Dividend	16.742	3.671	6.730
	Earnings Per Share (Rs.)		1048.00	177.00	558.00

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	12.11	2.26	5.73
Net Profit Margin (PBT/Sales)	(%)	19.66	4.48	13.90
Return on Total Assets (PBT/Total Assets}	(%)	27.23	6.11	16.50
Return on Investment (ROI) (PBT/Networth)		0.50	0.14	0.42
Debt Equity Ratio (Total Liability/Networth)		0.84	1.34	0.65
Current Ratio (Current Asset/Current Liability)		1.88	2.95	2.15

LOCAL AGENCY FURTHER INFORMATION

Newsprint

During the year, newsprint market did not see much volatility unlike in the previous year. Newsprint prices remained at US $ 475 per Metric Ton in the first half 2009-10 and in quarter 4, it increased to $ 570 per Metric Ton. The Average landed around Rs. 28,000 per Metric Ton.

Newsprint supply position continues to be comfortable. Although global demand remains sluggish, input cost has gone up for the newsprint mills triggering price like. For July- September quarter of 2010, an increase of $ 65 per Metric Ton has come into force pushing up the price to $ 705 per Metric Ton.

In spite of vigorous efforts, VAT on Newsprint continues to be at 4 percent, casting a big burden on small and medium Newspaper.

The company has been able to accomplish overall newsprint wastage to around 3 percent. Certain units have posted a wastage percentage of 2.5 percent, unbelievable as it may appear. All credit to the entire works division and material division which worked in concert. This is particularly spectacular in view of the fact that we are having a high print from 17 centers with a total consumption of over 60,000 Metric Tonnes.

Advertisements

In spite of difficult economic conditions and market turbulence, we were able to post a growth of 10 percent in revenue terms over the previous year.

Malayala Manorama daily maintains its market leadership in Kerala.

There are positive signs of economic resurgence. However, inflation is a big worry and can tip the balance adversely.

The year 2010-11 promises to be good with the revival of the advertising scene.

Circulation

The Directors are extremely happy to report that Malayala Manorama daily touched the dream print order of Rs. 2.000 millions copies on the day the new promotional scheme was announced. The most gratifying fact is that 52,000 copies have been retained out of this which is an amazing aspect, unheard of in the market. The circulation figures as per ABC certificate for the period July-December, 2009, was 17,60,167 copies.

It is expected that the daily will post an ABC circulation of Rs. 1.800 millions copies during January-June, 2010 period. Our corporates goal is to achieve Rs. 2.000 millions circulation for the daily, in 2 years.

Malayala Manorama Weekly in its new format is well accepted by the readers. The edition of the Manorama Weekly has been a talking point. In due course, the edition will be pricedand it sure will bring in substaintial revenue to the company

With print order or about 2,35,000 copies, the sale of the week appears buoyant in spite of recession impacting adversely magazine sales.

All publication command good patronage from readers and advertisers alike.

Malayala Manorama Calender is reaching out to more than Rs. 2.500 millions of Households in Kerala marvelous feat.

They have been extremely sensitive to customer satisfaction. Customer friendly market practices supported by the excellent quality of the publications have contributed to our growth and development.

They are constantly engaged in exploring new avenues of business promotion and look for new perspectives for brand development.

Form : 8

Bankers Charges Report as per Registry

Name of the company

MALAYALA MANORAMA COMPANY LIMITED

Presented By

Chief Manager, State Bank of Travancore, Kottayam Branch, Kottayam

1) Date and description of instrument creating the change

Joint deed of hypothecation dated 14.03.1985

2) Amount secured by the charge/amount owing on the securities of charge

Rs. 34.050 Millions

3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given

The whole of the present and future stock of raw material goods in process of manufacture and all finished and manufactured goods and articles such as news print, printing paper etc. together with all stores, components and spares all the present and future book debts, outstanding monies, receivables claims, bills rights to or movable properties and movable assets.

4) Gist of the terms and conditions and extent and operation of the charge.

State bank of Travancore and Syndicate bank [hereinafter called the participating bank have granted cash credit facility demand bills purchase facility for an amount not exceeding Rs. 34.050 Millions to be shared by the participating banks.

5) Name and Address and description of the person entitled to the charge.

• State Bank of Travancore, Kottayam - 686001, Kerala, India
• Syndicate Bank, Kottayam-686001, Kerala, India

6) Date and brief description of instrument modifying the charge

Agreement of hypothecation of goods and assets dated 01.02.2006. Agreement of loan for overall working capital limit dated 01.02.2006.

Memorandum relating to Extension of mortgage dated 01.02.2006.

7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.

By this modification the limit has been modified as follows :

Name of the Bank	Previous	Current
SBT	Rs. 63.000 Millions	Rs.84.000 Millions
SBT – working capital D Loan	Rs. 147.000 Millions	Rs.196.000 Millions
Total	Rs. 210.000 Millions	Rs. 280.000 Millions
Name of the Bank	Previous	Current
Syndicate Bank	Rs. 27.000 Millions	Rs. 36.000 Millions
Syndicate Bank – working capital D Loan	Rs. 63.000 Millions	Rs. 84.000Millions
Total	Rs. 90.000 Millions	Rs. 120.000 Millions

Total credit facility enhanced from Rs. 300.000 Millions to Rs. 400.000 Millions on the same securities.

This form is for	Modification of charge
Charge identification number of the modified	90021673
Corporate identity number of the company	U22121KL1957PLC000647
Name of the company	MALAYALA MANORAMA COMPANY LIMITED
Address of the registered office or of the principal place of business in India of the company	Manorama Building, K. K. Road, P. B. No. 26, Kottayam 686 001, Kerala, India
Type of charge	Book Debts Movable Property Immovable Property
Particular of charge holder	State Bank of Travancore, Kottayam - 686001, Kerala, India
Nature of description of the instrument creating or modifying the charge	Supplementary Agreement of Hypothecation of Goods and Assets. Memorandum of Extension of Equitable Mortgage. Supplementary Agreement of Loan for increase in overall Working Capital.
Date of instrument Creating the charge	12.01.2009
Amount secured by the charge	Rs. 1645.000 Millions.
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest : 1.50% below SBT PLR Effective rate 11.25% p.a. on monthly rests. Terms of Repayment : On demand. Margin : News print and printing paper – 15% Stores – 25% Receivables – 50% Demand Bills - 50% Letter of Credit – 10% Bank Guarantee – 10% Extent and Operation of the charge : 12 Months. Others : Nil
Short particulars of the property charged	Equitable mortgage/ Extension of equitable mortgage of the properties at Sy No. 627/5 of Malappuram, 11/10 at Muttambalam, 4,58,52,53 at Vadakkevila Kollam, 913/4,912/1,911/3,912/2,9142/1, at Ernakulam, 2617/A2, 2594/2, 2617/B1 at Thiruvanthapuram, 927/1,928/2,933/2 at Champukavu, Thrisar, 175/6,174/3,175/2,175/4,175/5, at Nattakom, Cs No. 252 at Lower Parel Division Village, Mumbai. Charge on entire Fixed Assets of the Company on pari passu basis with Syndicate Bank

Fixed Assets:

• Land and development
• Buildings
• Plant and Machinery
• Photo Studio Equipment
• Vehicles
• Intangible asset
• Machinery under erection
• Building under construction

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 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. 48.91
UK Pound	1	Rs. 76.53
Euro	1	Rs. 66.43

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--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		72

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.