Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
THE PRINTERS ( |
Principal Name 1 |
Mr. K. N. Shanth Kumar |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Parul Anant Shah |
|
|
|
Registration # |
08-000521 |
|
Street Address |
Plot Nos. 7-12, Kumbalgodu Industrial Area, Mysore Road,
Bangalore-560 074, |
||
|
Established Date |
04.02.1948 |
SIC Code |
-- |
|
Telephone# |
91-80-25880340 |
Business Style 1 |
Importer |
|
Fax # |
91-80-25880426 |
Business Style 2 |
Traders |
|
Homepage |
Product Name 1 |
News Papers |
|
|
# of employees |
Not
Available |
Product Name 2 |
Periodicals |
|
Paid up capital |
Rs. 64,000,000 /- |
Product Name 3 |
Calendars |
|
Shareholders |
Bodies
corporate 12.50%, Directors or relatives of directors 65.12%, Other 22.38% |
Banking |
Canara
Bank |
|
Public Limited Corp. |
Yes |
Business Period |
64 years |
|
IPO |
Yes |
International Ins. |
- |
|
Public |
Yes |
Rating |
Ba
(49) |
|
Related
Company |
|||
|
Relation
- |
Country
- |
Company
Name |
CEO |
|
Associates |
|
K. N. Guruswamy and Company Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
709,667,000 |
Current Liabilities |
276,298,000 |
|
Inventories |
191,385,000 |
Long-term Liabilities |
134,269,000 |
|
Fixed Assets |
434,610,000 |
Other Liabilities |
429,336,000 |
|
Deferred Assets |
97,764,000 |
Total Liabilities |
839,903,000 |
|
Invest& other Assets |
219,755,000 |
Retained Earnings |
749,278,000 |
|
|
|
Net Worth |
813,278,000 |
|
Total Assets |
1,653,181,000 |
Total Liab. & Equity |
1,653,181,000 |
|
Total Assets (Previous Year) |
1,304,839,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales (Including Total Income) |
2,282,400,000 |
Net Profit/ (loss) |
120,074,000 |
|
Sales(Previous yr) (Including Total Income) |
1,929,256,000 |
Net Profit
/
(loss) (Prev.yr) |
81,920,000 |
MIRA
INFORM REPORT
|
Report Date : |
13.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
THE PRINTERS ( |
|
|
|
|
Registered
Office : |
Plot No.7-12, Kumbal Godu Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.02.1948 |
|
|
|
|
Com. Reg. No.: |
08-000521 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 64.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110KA1948PTC000521 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRT00125G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Printing and Publishing of Newspapers and Periodicals. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company having satisfactory track.
The company has been successful in wiping of the losses of the previous years.
Trade relations are fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No.7-12, Kumbal Godu Industrial Area, |
|
Tel. No.: |
91-80-25880340 / 0416 / 8437211/8437501 / 25880250/ 25880251 |
|
Fax No.: |
91-80-25880426 / 0433 / 8437501 |
|
E-Mail : |
editorbg.printers@smb.sprintrpg.ems.vsnl.net.in, manorama.a@deccanherald.co.in |
|
Website : |
|
|
Area : |
50000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Head/ Corporate/ Administrative
Office : |
No. 75, |
|
Tel. No.: |
91-80-2558 8999 (16 lines) / 5977 / 7094 / 25880000 |
|
Fax No.: |
91-80-25587179 / 5587096 / 25880165 |
|
E-Mail : |
decmet@giasbg01.vsnl.net.in/editor@deccanherald.co.in/ ads@deccanherald.co.in/editorbg.printers@smb.sptintrpg.ems.vsnl.net.in
|
|
Website : |
|
|
Area : |
20000 sq. ft |
|
Location : |
Owned |
|
|
|
|
Branch Offices: |
Located
at:
|
DIRECTORS
As on 10.09.2011
|
Name : |
Mr. Kanekal Nettakallappa Shanth Kumar |
|
Designation : |
Chairman and Managing Director |
|
Address : |
No. 289/A, |
|
Date of Birth/Age : |
14.02.1961 |
|
Qualification : |
B.A. |
|
Experience : |
24 Years |
|
Date of Appointment : |
10.07.1986 |
|
DIN No.: |
00487956 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909KA1970PTC001887 |
K N GURUSWAMY
AND COMPANY PRIVATE LIMITED |
Director |
16-10-79 |
16-10-79 |
Active |
NO |
|
2 |
U22110KA1948PTC000521 |
THE PRINTERS ( |
Director |
30-07-86 |
30-07-86 |
Active |
NO |
|
3 |
U74300TN2001PTC046414 |
WAN - IFRA SOUTH
|
Director |
04-06-02 |
04-06-02 |
Active |
NO |
|
4 |
U74899DL1947PLC103246 |
THE PRESS TRUST
OF INDIA LIMITED |
Director |
17-06-04 |
17-06-04 |
Active |
NO |
|
5 |
U74140KA2001PTC029498 |
NOBBY NAZARETH
ASSOCIATES PRIVATE LIMITED |
Director |
19-02-05 |
19-02-05 |
Active |
NO |
|
6 |
U74910KA2006PTC038413 |
EVAluationz
India Private Limited |
Director |
07-02-06 |
07-02-06 |
Active |
NO |
|
7 |
U22210KA2008PTC046281 |
SOLNA PRINT
SOLUTIONS PRIVATE LIMITED |
Director |
02-05-08 |
02-05-08 |
Active |
NO |
|
8 |
U67120KA2008PTC047482 |
Anuradha
Shanthkumar Holdings Private Limited |
Director |
18-08-08 |
18-08-08 |
Active |
NO |
|
Name : |
Mr. Kanekal Nettakallappa Tilak
Kumar |
|
Designation : |
Joint Managing Director |
|
Address : |
173, |
|
Date of Birth/Age : |
11.10.1953 |
|
Qualification : |
BA. (Hons) |
|
Experience : |
33 Years |
|
Date of Appointment : |
30.11.1983 |
|
DIN No.: |
00509397 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909KA1970PTC001887 |
K N GURUSWAMY
AND COMPANY PRIVATE LIMITED |
Director |
24-04-70 |
24-04-70 |
Active |
NO |
|
2 |
U22110KA1948PTC000521 |
THE PRINTERS ( |
Whole-time
director |
30-11-83 |
30-11-83 |
Active |
NO |
|
3 |
U99999DL1951PLC002023 |
THE INDIAN
NEWSPAPER SOCIETY. |
Director |
21-06-07 |
21-06-07 |
Active |
NO |
|
Name : |
Mr. Kuldip Nayar |
|
Designation : |
Director |
|
Address : |
D-No. 7/2, Vasant Vihar, |
|
Date of Birth/Age : |
14.10.1923 |
|
Date of Appointment : |
29.08.2008 |
|
DIN No.: |
02261291 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U22110KA1948PTC000521 |
THE PRINTERS ( |
Director |
29-08-08 |
12-05-08 |
Active |
NO |
|
Name : |
Ms. Parul Anant Shah |
|
Designation : |
Director |
|
Address : |
No.174, |
|
Date of Birth/Age : |
19.03.1954 |
|
Qualification : |
M.A. |
|
Experience : |
3.5 Years |
|
Date of Appointment : |
10.11.2006 |
|
DIN No.: |
01023071 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29195KA1990PTC011122 |
DHARINI BIOTECH
PRIVATE LIMITED |
Director |
09-08-90 |
09-08-90 |
Active |
NO |
|
2 |
U03190KA1995PTC018753 |
GANGA MICRO
ELECTRONICS PRIVATE LIMITED |
Director |
12-09-95 |
12-09-95 |
Active |
NO |
|
3 |
U92200KA1995PTC019043 |
KAVERI
COMMUNICATIONS PRIVATE LIMITED |
Director |
25-10-95 |
25-10-95 |
Active |
NO |
|
4 |
U22110KA1948PTC000521 |
THE PRINTERS ( |
Director |
10-11-06 |
10-11-06 |
Active |
NO |
|
Name : |
Mr. Sondekoppa Sundaraswamy Naganand |
|
Designation : |
Director |
|
Address : |
Kamala No. 50, IA Cross, Raj Mahal Vilas Extension, |
|
Date of Birth/Age : |
06.09.1957 |
|
Date of Appointment : |
21.08.2010 |
|
DIN No.: |
00454719 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70102KA1991PTC012092 |
SHREE SUMANA
DEVELOPERS PRIVATE LIMITED |
Director |
28-06-91 |
28-06-91 |
- |
Active |
NO |
|
2 |
U85110KA1994PLC015539 |
INNOVA
SECURITIESANDINVESTMENTS LIMITED |
Director |
31-01-95 |
31-01-95 |
- |
Active |
NO |
|
3 |
L27209KA1981PLC004343 |
BHUWALKA STEEL
INDUSTRIES LIMITED |
Director |
28-09-06 |
28-07-06 |
31-05-10 |
Active |
NO |
|
4 |
U22110KA1948PTC000521 |
THE PRINTERS ( |
Director |
21-08-10 |
19-12-09 |
- |
Active |
NO |
|
5 |
U72400KA2009PTC051854 |
WE 45 SOLUTIONS |
Additional
director |
29-06-10 |
29-06-10 |
- |
Active |
NO |
|
Name : |
Mr. Sulegai Dhondusa Shivaji |
|
Designation : |
Additional Director |
|
Address : |
27/G, 1st Main, 4th Cross, |
|
Date of Birth/Age : |
12.08.1930 |
|
Date of Appointment : |
19.02.2011 |
|
DIN No.: |
03495050 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U22110KA1948PTC000521 |
THE PRINTERS ( |
Additional
director |
19-02-11 |
19-02-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Devabrata Dutta |
|
Designation : |
Vice President Marketing |
|
Date of Birth/ Age : |
55 Years |
|
Qualification : |
Msc and Diploma BM |
|
Experience : |
27 Years |
|
Date of Appointment : |
26.02.2003 |
|
|
|
|
Sales and Marketing Team @ Bangalore : |
|
|
Name : |
Mr. Arvind P.S. Tiwari |
|
Designation : |
Assistant Manager – Career Avenues
|
|
|
|
|
Name : |
Mr. Snethil Rajamanickam |
|
Designation : |
HR Consultant |
|
|
|
|
Name : |
Mrs. Sujatha |
|
Designation : |
Technical Support |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Estate of Late Khan Bahdur Bedan Saheb |
|
64 |
|
S.D. Shivaji |
|
52 |
|
K.N. Guruswamy and Company Private Limited, |
|
320 |
|
M. Shashikala |
|
4 |
|
M. Anuradha |
|
4 |
|
S.D. Eswarasa |
|
52 |
|
S.D. Muniswamy |
|
48 |
|
K.N. Hari Kumar, K.N. Tilak Kumar and K.N. Shanth Kumar |
|
4 |
|
Rekha Parashram Giriia Vijay and Usha Krishna Murthy and Vinutha
Gurudati |
|
11 |
|
M.P. Manjunath |
|
49 |
|
K.N. Hari Kumar |
|
516 |
|
K.N. Tilak Kumar |
|
516 |
|
K.N. Hari Kumar HUF |
|
21 |
|
K.N. Tilak Kumar HUF |
|
21 |
|
K.N. Shanth Kumar HUF |
|
21 |
|
M. Bhakta, Vatsala, Prema B. Moola, Anand Ranga Moola, Ved Mand Moola
and Dev Siri Moola |
|
48 |
|
Pratibha S. Moola, Siddartha S. Moola, Lakshmi S. Moola and Aparna S.
Moola |
|
48 |
|
M. Ramesh, Anuradha R. Moola, Sharuna R. Moola, Vivesh R. Moola and
Bhavana R. Mooia |
|
48 |
|
K.N. Shanth Kumar |
|
516 |
|
M.M. Krishna jointly with M. Shashikala |
|
3 |
|
M.M. Krishna jointly with M. Anuradha |
|
3 |
|
S.D. |
|
52 |
|
Dechu R. Moola, Vishnu R. Moola, Brinda Devi Moola and Maya R. Moola |
|
48 |
|
M. Sachin |
|
3 |
|
S. Putta Naik |
|
3 |
|
Geetha Gowtham, Vaishali, Murari Saranath and Sri Harsha |
|
1 |
|
Estate of Late Mkpani |
|
1 |
|
Suven M. |
|
1 |
|
Urmila Roopkumar |
|
2 |
|
Jagadeesh K. Moola |
|
4 |
|
M.K. Govardhan Kumar jointly with M. Dharma Vijeth |
|
24 |
|
S.D. Narayanasa, S.N. Srinivasa Murthy and S.N. Shiva Shankar |
|
52 |
|
Total |
|
2560 |
As on 10.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
12.50 |
|
Directors
or relatives of directors |
|
65.12 |
|
Others
|
|
22.38 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of Newspapers and Periodicals. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Newspapers |
Copies |
280923080 |
|
Periodicals |
Copies |
4404254 |
|
Other Publications |
Copies |
325000 |
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.P. Rao and Company Chartered Accountants |
|
Address : |
Poornima, 25, |
|
Tel. No.: |
91-80-25587385/25586814 |
|
Fax No.: |
91-80-25594861 |
|
E-Mail: |
|
|
PAN No.: |
AAAFK7720M |
|
|
|
|
Memberships : |
Confederation of Indian Industry |
|
|
|
|
Related Party : |
K. N. Guruswamy and Company Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2560 |
Equity Shares |
Rs. 25000/- each |
Rs. 64.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2560 |
Equity Shares |
Rs. 25000/- each |
Rs. 64.000 Millions |
|
|
|
|
|
Note:
(Of the above, 2520 Equity Shares of Rs.
25000/- each were issued as fully paid-up Bonus Shares by capitalization of
General Reserves)
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 |
64.000 |
64.000 |
64.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
749.278 |
636.643 |
562.211 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
813.278 |
700.643 |
626.211 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
134.269 |
102.840 |
216.301 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
134.269 |
102.840 |
216.301 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
947.547 |
803.483 |
842.512 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
434.610 |
458.255 |
555.318 |
|
|
Capital work-in-progress |
0.000 |
1.116 |
2.429 |
|
|
|
|
|
|
|
|
INVESTMENT |
219.755 |
0.806 |
0.802 |
|
|
DEFERREX TAX ASSETS |
97.764 |
75.908 |
72.791 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
191.385
|
137.088
|
216.931
|
|
|
Sundry Debtors |
400.823
|
321.746
|
287.940
|
|
|
Cash & Bank Balances |
120.825
|
117.254
|
40.734
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
188.019
|
192.666
|
131.524
|
|
Total
Current Assets |
901.052
|
768.754
|
677.129
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
211.092
|
135.336
|
190.646
|
|
|
Other Current Liabilities |
65.206
|
60.373
|
55.763
|
|
|
Provisions |
429.336
|
305.647
|
219.548
|
|
Total
Current Liabilities |
705.634
|
501.356
|
465.957
|
|
|
Net Current Assets |
195.418
|
267.398
|
211.172
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
947.547 |
803.483 |
842.512 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Advertisement |
1592.400 |
1929.256 |
1869.060 |
|
|
|
Circulation |
646.000 |
|
|
|
|
|
Other Revenue |
44.000 |
|
|
|
|
|
TOTAL |
2282.400 |
1929.256 |
1869.060 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
2091.053 |
1806.511 |
1949.921 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2091.053 |
1806.511 |
1949.921 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
191.347 |
122.745 |
(80.861) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
71.273 |
40.825 |
(46.067) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
120.074 |
81.920 |
(34.794) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE/ LOSS BROUGHT FORWARD |
2.055 |
(65.377) |
(30.583) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
12.500 |
7.000 |
0.000 |
|
|
|
Proposed Dividend |
6.400 |
6.400 |
0.000 |
|
|
|
Tax on Dividend |
1.038 |
1.088 |
0.000 |
|
|
BALANCE/
LOSS CARRIED TO THE B/S |
102.191 |
2.055 |
(65.377) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Advertisement |
1.763 |
0.778 |
1.321 |
|
|
TOTAL EARNINGS |
1.763 |
0.778 |
1.321 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
688.815 |
545.265 |
561.362 |
|
|
|
Consumables |
1.569 |
2.252 |
31.986 |
|
|
|
Components and spare parts used for maintenance of plant and machinery
|
6.061 |
5.144 |
3.045 |
|
|
|
Capital goods |
17.357 |
0.000 |
126.492 |
|
|
TOTAL IMPORTS |
713.802 |
552.661 |
722.885 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(loss) Per Share (Rs.) |
46904 |
32000 |
(13591) |
|
%20PRIVATE%20LIMITED%20-%20182177%2013-Jun-2012_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20182177%2013-Jun-2012_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.26
|
4.25
|
(1.86)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.35
|
10.00
|
(6.56)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.18
|
(0.13)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.03
|
0.86
|
1.08
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.53
|
1.45
|
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
Yes |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last three years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
------------ |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
Yes |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
------------- |
|
Litigations that the firm/ Promoters Involved in |
------------ |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
------------ |
|
Buyer visit details |
------------- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
REVIEW OF PERFORMANCE:
During the
financial year 2010-11, the Company’s total turnover for the year was
Rs.2282.400 Millions (Previous year Rs. 1929.300 millions) comprising of Rs.
1592.400 Millions (previous Year Rs.1285.800 millions) from Advertisement and
Rs. 646.000 Millions (Previous Year Rs. 611.400 millions) from Circulation.
Balance of Rs. 44.000 Millions (Previous Year Rs.32.100 millions) constituted
other revenue.
The company has achieved
a growth of 18.31% in the revenue during the year 2010-2011 as compared to the
previous year. Advertisement revenue posted a growth of 23.84 % (Rs. 306.600
Millions) compared to the previous year 2009-10.
Circulation revenue posted a growth of 5.66 % (Rs. 34.588 Millions)
compared to the previous year 2009-10.
FUTURE PROSPECTS:
The Company is confident of sustaining and improving the growth achieved
during the year, in the coming years also.
FORM 8
|
Corporate
identity number of the company |
U22110KA1948PTC000521 |
|
Name of the
company |
THE PRINTERS ( |
|
Address of the
registered office or of the principal place of business in |
Plot No.7-12, Kumbal Godu Industrial Area, E-Mail: vijayamg@deccanherald.co.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80002932 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Canara Bank, Cantonment Branch, No.88, E-Mail: krishnamurthyhn@gmail.com |
|
Nature of description
of the instrument creating or modifying the charge |
Letter from Bank |
|
Date of
instrument Creating the charge |
04.07.2011 |
|
Amount secured by
the charge |
Rs. 486.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest as
Applicable From Bank (CC-Rs.230.000
millions/ CDB-Rs.6.000 millions/ LC-Rs.40.000 millions/ BG-Rs.5.000 millions/
TL-II-Rs.145.500 millions/ CCMS-Rs.10.000 millions/Fresh TL-III-Rs.50.000
millions) Terms of
Repayment: Repayable on
Demand Margin: Margin As
applicable From Bank Extent and
Operation of the charge: 100% Till the
Closure of the Loan |
|
Short particulars
of the property charged |
Equitable
Mortgage of Property at Plot Nos. 7, 8,
9(p), 10, 11 and 12(P) at Kumbalgod Industrial Area, III Phase, in
Sy.No.103(P) and 104(P) of Kumbalgod village, Kengeri Hobli Bangalore
belonging to the Company. |
|
Particulars of
the present modification |
TL-I of Rs.89.500
millions Closed. Total Limit Reduced From Rs.576.000 millions to Rs.486.500
millions. (CC-Rs.230.000 millions/ CDB-Rs.6.000 millions/ LC-Rs.40.000
millions/ BG-Rs.5.000 millions/ TL-II-Rs.145.500 millions/ CCMS-Rs.10.000 millions/
Fresh TL-III-Rs.50.000 millions). All other Terms, conditions and Securities
continues for the Reduced Limit of Rs.486.500 millions. |
FIXED ASSETS:
·
Land (Freehold and Leasehold)
·
Buildings (On freehold land and On leasehold land)
·
Plant and Machinery
·
Furniture and Office Equipment
·
Motor Vehicles
·
Electrical Installation
·
EDP Installation
·
Inter Telecom
AS PER WEBSITE DETAILS
PROFILE
Mr K N Guruswamy had a dream. The year was 1948. The heady
days just after the nation's independence. Mr. Guruswamy had dedicated his life
to truth and impartiality and he would not rest till his vision took concrete
form. The result was subject and its publications - Deccan
Herald, Prajavani, Sudha and Mayura. An institution that has completed 50 glorious
years of chronicling the joys and sorrows of the people of
Over the years, the group has not forgotten what provides value to readers. Therefore, along with core competency, it satisfies the aesthetic needs of its readers with innovative layout and design in all its publications. Its well-designed publications achieve high communication impact by helping the reader cut through all the information clutter. The Group's strong identity is, therefore, the starting point, and not the residue, of any effort to win and keep readers.
While cementing its traditional strengths, the Group is also
geared to face new challenges and enhance emotional contact with its readers.
As the Group believes that 'change is the only constant', it treats critical
thinking as a dynamic process and keeps pace with the rapid change in the
newspaper and magazine publishing industry.
CORPORATE PHILOSOPHY
Subject continues to give shape to the
founder's ideals, acting as an instrument of service to the people. Here,
everybody shares in the pursuit of excellence. And today's widening
geopolitical compulsions only make the job more challenging. A band of hardcore
professionals bonded together by team spirit, the people at Subject are passionate about growth and compassionate about
people.
COMPUTERISATION
From manual operations to computerised systems, the Group
focuses on Electronic News Transmission and processing. Hence its facility at
Subject was the first Indian publication group to introduce colour in the main issue. Deccan Herald and Prajavani evolved to colour in 1987 with colour supplements. Today both newspapers have special sections on every single day of the week and colour on all days of the week. Both magazines also offer high quality colour forms for both editorial as well as advertisements.
As Karnataka prepares to be the business nucleus of the 21st century, Subject is also preparing to keep pace with a sophisticated expansion and integration programme designed to make each of its publications reflect the true essence of the new Karnataka. With this objective, the Group is now focusing on making its publications superior, not just in terms of the reading material but also in technology and quality.
TECHNOLOGICAL SUPERIORITY
When it started
publication in 1948, Deccan Herald was produced on printing equipment that was
comparable to the best in this part of the country at the time.
From stereo rotary
machines to linotype composing machines to fully computerised editing and page
production systems and web offset colour printing, it has been striding along
the steady path of modernisation. The automation extends today to counting,
packaging and strapping of the printed copies rolling out of the rotary
machines. Side by side. Advances in newspaper concepts, content, design and
layout have helped Deccan Herald keep pace with the rapidly expanding interests
of its readers.
WELFARE
The blueprint for
rapid growth is appreciation, excellent infrastructure and a healthy and safe
work environment that ensures job satisfaction. The Group cares for its people.
So it has several comprehensive programmes designed to change attitude and
behaviour and hone strategic decision making and problem solving skills.
Encouragement received from the Group has helped the DHPV Lalitha Kala Sangha's
troupes to win many major awards and shields in cultural contests at the State
level. The Group's sports squads too have fared well in sports meets and
tournaments organised for the media. A unique feature is the counselling
service offered to employees facing crises of diverse kinds.
REDEFINING EXCELLENCE
Fifty spectacular
years of growth, multi-faceted and on target. Fifty years of active interaction
with Karnataka. its people, their aspirations, and the history they have made.
Today, the Group is poised to stand tall among the newspaper giants of the
country.
COMMITMENT TO QUALITY - ISO 9002
As the first step
towards total quality, the Group changed its quality control processes from
'reactive' to 'proactive'. And installed a quality system ISO 9001:2000 - model
for quality assurance in production, installation and servicing. With this, the
Group has become the first publishing house in the country to receive this
prestigious certification for all its facilities. The functions covered in the
quality system include advertisement, editorial, materials, production and
training
TOTAL QUALITY MANAGEMENT (TQM):
The Group believes in Total Quality Management (TQM) which is an effective system of integrating quality improvement efforts so as to provide a product that ensures customer satisfaction. Every section of the organisation is therefore geared to face challenges. A common vision, a common mission and common goals bind people together here. Not content with streamlining its day-to-day functioning, the Group is constantly integrating quality into its corporate strategic planning process.
Every day Deccan Herald touches the lives of the people of Karnataka. Today the daily shapes the opinions and directs their actions. Deccan Herald was born 54 years ago when the first edition hit the streets on June 16, 1948. The newspaper was a reflection of the optimism, and a voice of the aspirations of a newly independent nation.
Proud of its regional moorings and responsive to global
changes, Deccan Herald is Karnataka's guide to the times we live in. Karnataka
and
The very analytical opinion/policy page presents a variety of views on national, state and international issues. Regular columnists and experts in various fields place the latest events in perspective. The well-written editorials are known for their unbiased and informed commentary on events and developments. The newspaper's human-interest reports and profiles of interesting personalities give the reader not only news and views, but also the emotions and the drama behind the happenings. Special sections like Miscellany, On the Beat and Around the City encapsulate offbeat happenings in a short and snappy manner.
SPECIAL SUPPLEMENTS
To each his own -
that is the rationale behind Deccan Herald's multi-faceted special supplements.
Each Sunday morning the reader finds three special colour sections waiting on
his doorstep.
SUNDAY HERALD is a supplement with strong
thought-provoking and mainstream concerns, as well as regular features on
consumer issues, green subjects, animal welfare, gardening, bridge, crossword
and offbeat travelogues. The Entertainment section of the Sunday magazine tells
the reader about all that's hot and happenin' in showbiz.
ARTICULATIONS is devoted to literature and art, with in-depth interviews, quality
fiction and book reviews. Articulations also includes debates on education.
ECONOMY AND BUSINESS is the weekly round-up of the country's industry, trade and commerce. Using interview based articles and features on international developments from foreign publications; it also brings in a global perspective on money matters. The COMMENT column analyses issues like policy decisions, mergers, takeovers and other corporate events.
SCIENCE AND TECHNOLOGY carries articles on science, industry,
agriculture, development, health, information technology, ecology and research
and development. Articles are written by experts for the specialist as well as
the lay person.
AVENUES is a weekly supplement that focuses on careers, personnel and corporate
management issues. In-depth features on aspects of human resource development
and organizational behaviour by management veterans are the section's
highlights. Also included here are appointment advertisements.
SPORTSCENE reviews and previews the sporting action of the week past and the week
ahead. It covers sports personalities, keeps track of developments in sports
and profiles regional talent. The supplement unravels controversies and at
regular intervals brings to light malpractices and corruption in the sporting
arena. Sportscene also has the OPINION column which comments on sports related
issues. The RESPONSE section gives readers an opportunity to express their
opinions on sports matters.
METROLIFE The bond with
SPECTRUM carries a wide range of articles on the people
of Karnataka. Profiles of personalities and development stories from the
districts are also included.
LIVING concentrates on the home and family with a look at contemporary life
and forays into the realms of nostalgia. It features changes in lifestyle.
dress codes, home decor, gardening, child rearing, relationships, attitudes,
table manners and home remedies.
OPEN SESAME is a fun-filled eight page tabloid for kids packed with some of the the
best children's writing from India, do-it-yourself columns, nature notes,
riddles, serial stories that are specially commissioned, everyday science,
reflections of school teachers and the occasional comic strip. And of course
the reader-friendly page of letters from the young readers responding to the
messages and queries of Sesame Seed, the section's mascot.
THE WORLD WIDE WEB: On April 15, 1996, Deccan Herald
launched its Internet edition. Today Deccan Herald reaches out to the world and
its innovative and easy to navigate web site is a big hit with netizens.
ZONED EDITIONS
Deccan Herald's
several zoned editions serve to cover local news in greater detail and to
highlight the developments in these areas, thus being in touch with readers in
every region of Karnataka.
HUBLI PRINTING
Karnataka, the land
of culture, also happens to be the land of distances. With the increase in
technological sophistication, Subject has found a solution to this problem. The
facsimile edition of Deccan Herald and Prajavani was launched on November 1,
1989. Edited in
By using the
cutting-edge of technology, like total digital workflow, to its advantage, Subject has made sure
that its publications reach readers in this region on time. The Group
challenged basic assumptions like the problem of distance and came up with
specific strategies to tap resources using technology as a tool. Three 64 KB
lines enable quick transmission of data. Offset printers like Newsline 45 and
Coroset which run on state-of-the-art technology can print up to 40,000 copies
per hour. As a result, circulation has increased and the Group is constantly
expanding its market in this region. Readers in the districts of Dharwad,
Karwar, Shimoga, Davangere, Bijapur,
HYDERABAD-KARNATAKA
EDITION
In addition to
MANGALORE EDITION
To serve the
interests of the readers in coastal Karnataka and to ensure that they get their
favourite newspaper at the crack of dawn, the Group set up a printing plant at
Mangalore and started printing a separate edition on August 25, 2000. The
number of editions, districts served and copies printed from these centres are
as follows
Belur Plant
Four editions.
Serves districts of
Mangalore Plant
Two editions.
Serves the districts of Chikmagalur, Shimoga (part), Kodagu, Udupi and Dakshina
Kannda besides Kasargod
Two editions.
Serves the districts of Raichur, Bidar, Bijapur (part) and
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. 56.05 |
|
|
1 |
Rs. 86.69 |
|
Euro |
1 |
Rs. 69.98 |
INFORMATION DETAILS
|
Report Prepared by
: |
ACH |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.