Summary Information

Reference #	135-101017-07-020(20120316680)	Country	India
Company Name	KASTURI AND SONS LIMITED	Principal Name 1	Mr. Narasimhan Ram
Status	Good	Principal Name 2	Mr. Narasimhan Murali
Our Reference #	173757	Registration #	18-001091
Street Address	Kasturi Building, 859-860, Anna Salai, Chennai – 600 002, Tamilnadu, India
Established Date	21.02.1940	SIC Code	--
Telephone#	91-44-28413344 / 8535067/ 28576300	Business Style 1	Printing
Fax #	91-44-28415325 / 28551046	Business Style 2	Publishing
Homepage	http://www.hindu.com	Product Name 1	The Hindu (daily)
# of employees	--	Product Name 2	The Hindu Business Line (daily)
Paid up capital	Rs. 17,600,000/-	Product Name 3	The Sportstar (Weekly)
Shareholders	Directors or relatives of directors – 80.53%	Banking	Central Bank of India Limited
Public Limited Corp.	No	Business Period	73 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	A (59)
Related Company
Relation	Country	Company Name	CEO
Joint Ventures	--	CCI Sourcing Private Limited (CCI)	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	3,260,055,000	Current Liabilities	1,993,641,000
Inventories	1,349,840,000	Long-term Liabilities	3,225,533,000
Fixed Assets	6,528,871,000	Other Liabilities	466,314,000
Deferred Assets	--	Total Liabilities	5,685,488,000
Invest& other Assets	36,090,000	Retained Earnings	5,471,768,000
		Net Worth	5,489,368,000
Total Assets	11,174,856,000	Total Liab. & Equity	11,174,856,000
Total Assets (Previous Year)
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	9,454,748,000	Net Profit	752,798,000
Sales(Previous yr)	7,704,802,000	Net Profit(Prev.yr)	316,863,000

MIRA INFORM REPORT

Report Date :

22.03.2012

IDENTIFICATION DETAILS

Name :	KASTURI AND SONS LIMITED
Registered Office :	Kasturi Building, 859-860, Anna Salai, Chennai – 600 002, Tamilnadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	21.02.1940
Com. Reg. No.:	18-001091
Capital Investment/ Paid-up Capital:	Rs.17.600 millions
CIN No.: [Company Identification No.]	U22110TN1940PLC001091
TAN No.: [Tax Deduction & Collection Account No.]	CHEK00065C
PAN No.: [Permanent Account No.]	AAACK3000H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company acts as publishers. The company is engaged in printing, publishing and circulating of magazines and newspapers. It also acts as importers and exporters.
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (59)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 21957472
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealing at usual trade terms and conditions

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	Kasturi Building, 859-860, Anna Salai, Chennai – 600 002, Tamilnadu, India
Tel. No.:	91-44-28413344 / 8535067/ 28576300
Fax No.:	91-44-28415325 / 28551046
E-Mail :	eskey@thehindu.co.in hindu@vsnl.com padmanabhan.s@thehindu.co.in
Website :	http://www.hindu.com
Branches :	Located At: Bangalore Kolkata Coimbatore Hyderabad Kochi Kozhikode Madurai Mumbai New Delhi Trichy Trivandrum Vizag Patna Vijayawada Also located At: Bahrain Brussels Cape Town Colombo Islamabad London Singapore Tokyo Washington

DIRECTORS

AS ON 02.09.2011

Name :

Mr. Ram Narsimhan

Designation :

Whole Time Director

Address :

43B Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

04.05.1946

Qualification :

M.,A, M.S (Journalism), Columbia University

Experience :

42 Years

Date of Appointment :

21.06.2001

DIN No :

00141557

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	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	21/06/2011	5/7/1977	-	Active	NO
2	U85110TN1990PTC018730	Ehs Management Technologies Private Limited	Director	22/02/1990	22/02/1990	-	Dissolved	NO
3	U70101TN1948PTC001117	Kasturi Estates Private Limited	Director	10/5/1991	10/5/1991	-	Active	NO
4	U22122TN1999PTC042550	Tnq Books and Journals Private Limited	Director	27/03/2000	27/03/2000	-	Active	NO
5	U64200MH1994PLC083996	Mahindra First Choice Wheels Limited	Director	16/06/2000	16/06/2000	16/06/2008	Active	NO
6	U22300DL2007PLC168950	Metronation Chennai Television Limited	Director	30/09/2008	4/10/2007	-	Active	NO

Name :

Mr. Murali Narasimhan

Designation :

Managing Director

Address :

260-A, TTK Road,Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

11.08.1946

Qualification :

B.Com, A.C.A

Experience :

39 Years

Date of Appointment :

13.11.2000

DIN No :

00141517

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	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	11/8/2011	1/2/1980	-	Active	NO
2	U65991TN1989PTC017497	Krishkan Investment Private Limited	Director	5/6/1989	5/6/1989	12/1/2011	Active	NO
3	U73100KA1995PTC018773	Firstapex Software Technologies Private Limited	Director	10/1/2000	10/1/2000	22/09/2010	Active	NO
4	U74300TN2001PTC046414	Wan - IFRA South Asia Private Limited	Director	5/1/2001	5/1/2001	21/07/2011	Active	NO
5	U74300TN2007PTC063452	CCI Sourcing Private Limited	Nominee director	19/09/2008	13/08/2007	4/12/2008	Active	NO
6	U22300DL2007PLC168950	Metronation Chennai Television Limited	Director	30/09/2008	4/10/2007	22/09/2010	Active	NO

Name :

Mr. Ravi Narasimhan

Designation :

Whole Time Director

Address :

43A, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

01.01.1948

Qualification :

M.A, B.L

Experience :

36 Years

Date of Appointment :

23.07.2005

DIN No :

00141587

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	U65991TN1989PTC017498	Serendipity Investments Private Limited	Director	5/6/1989	5/6/1989	-	Active	NO
2	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	23/07/2010	23/07/1990	-	Active	NO
3	U74899DL1947PLC103246	The Press Trust Of India Limited	Director	26/08/1991	26/08/1991	-	Active	NO
4	U65991TN1989PTC017792	Narayan Sriram Investments Private Limited	Director	8/1/1999	8/1/1999	4/3/2011	Active	NO

Name :

Mrs. Nirmala Lakshmanan

Designation :

Whole Time Director

Address :

30A, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

30.01.1954

Qualification :

M.A, Ph.D

Experience :

30 Yearss

Date of Appointment :

04.03.2001

DIN No :

00141632

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	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	4/3/2011	4/3/1991	-	Active	NO
2	U33111TN1986PTC013157	Magnum Integrated Services Private Limited	Director	2/4/2004	2/4/2004	-	Active	NO
3	U65991TN1989PTC017792	Narayan Sriram Investments Private Limited	Director	30/09/2005	30/09/2005	4/3/2011	Active	NO

Name :

Mrs. Nalini Krishnan

Designation :

Whole Time Director

Address :

7A, Parthasarathy Garden, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

13.10.1956

Qualification :

M.D

Experience :

17 Years

Date of Appointment :

21.06.2001

DIN No :

00141641

Other Directorship :

.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	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	21/06/2011	23/04/1984	-	Active	NO
2	U65991TN1989PTC017792	Narayan Sriram Investments Private Limited	Director	8/1/1999	8/1/1999	4/3/2011	Active	NO

Name :

Mrs. Malini Parthsarathy

Designation :

Whole Time Director-Joint Editor

Address :

280, J J Road,Off T.T.K. Road, Chennai – 600 018, Tamilnadu, India

Date of Birth/Age :

15.08.1959

Qualification :

M.S. (Journalism), Columbia University, Ph.D

Date of Appointment :

21.06.2001

DIN No :

00141685

Name :

Mr. Ramesh Rangarajan

Designation :

Whole Time Director

Address :

7, Parthasarathy Garden,Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

18.10.1959

Qualification :

B.A

Date of Appointment :

21.06.2001

DIN No :

00141701

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	U65993TN1990PTC019983	Harini Investments And Farms Private Limited	Director	7/12/1990	7/12/1990	-	Active	YES
2	U70101TN1948PTC001117	Kasturi Estates Private Limited	Director	10/5/1991	10/5/1991	-	Active	NO
3	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	21/06/2011	21/06/1991	-	Active	NO
4	U74999TN1995PTC033848	Hindcorp Resorts Private Limited	Director	22/12/1995	22/12/1995	-	Active	NO
5	U22300DL2007PLC168950	Metronation Chennai Television Limited	Director	3/8/2011	29/11/2010	-	Active	NO

Name :

Mr. Kasturi Venugopal

Designation :

Whole Time Director

Address :

43/4, Kasturi Ranga Road,Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

18.08.1957

Qualification :

M.A, M.S. (Journalism) llinois University

Date of Appointment :

05.07.2005

DIN No :

00141736

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	U22219TN1991PTC021111	Sanka Graphics Private Limited	Director	11/7/1991	11/7/1991	-	Strike off	NO
2	U70101TN1948PTC001117	Kasturi Estates Private Limited	Director	31/12/1991	31/12/1991	-	Active	NO
3	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	5/7/2010	5/7/2000	-	Active	NO

Name :

Mr. Kasturi Balaji

Designation :

Whole Time Director

Address :

43/3, Kasturi Ranga Road,Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

24.09.1955

Qualification :

B.com, M.M.S

31 Years

Date of Appointment :

01.10.2000

DIN No :

00141713

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	U22219TN1991PTC021111	Sanka Graphics Private Limited	Director	11/7/1991	11/7/1991	-	Strike off	NO
2	U22110TN1940PLC001091	Kasturi and Sons Limited	Managing director	1/10/2010	5/7/2000	-	Active	NO
3	U74300TN2007PTC063452	Cci Sourcing Private Limited	Nominee director	19/09/2008	13/08/2007	4/12/2008	Active	NO
4	U99999DL1951PLC002023	The Indian Newspaper Society.	Director	25/10/2010	25/10/2010	-	Active	NO

Name :

Mr. Srinath Lakshmi

Designation :

Director

Address :

60, First Main Road, R A Puram, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

23.09.1959

Qualification :

B.A, C.LIB, SC

Date of Appointment :

05.07.2000

DIN No :

00141755

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	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	1/10/2007	5/7/2000	-	Active	NO
2	U74999TN2011PTC081558	Tvam Art And Design Studio Private Limited	Director	18/07/2011	18/07/2011	-	Active	NO

Name :

Mr. Akila Vijay Iyengar

Designation :

Whole Time Director

Address :

65, Coronation Road, Singapore-269464

Date of Birth/Age :

20.06.1965

Date of Appointment :

28.08.2008

DIN No :

00141804

Name :

Mr. Vijaya Arun

Designation :

Whole Time Director

Address :

122, St. Mary’s Road, Chennai-600018, Tamilnadu, India

Date of Birth/Age :

11.04.1963

Qualification :

M.Sc, PG Diploma in Pre-primary education and in Techning Young Hearing impaired

Date of Appointment :

01.10.2007

DIN No :

01343692

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	U22110TN1940PLC001091	Kasturi and Sons Limited	Whole-time director	1/10/2007	24/02/2007	-	Active	NO
2	U65923TN2010PTC075780	Sargam Holding Company Private Limited	Director	21/05/2010	21/05/2010	-	Active	NO
3	U28100TN1970PTC005846	Sargam Metals Private Limited	Director	16/03/2011	16/03/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. S. Padmanabhan
Designation :	Secretary
Address :	New No.59, first Main Road, CIT Nagar, Chennai-600035, Tamilnadu, India
Date of Birth/Age :	12.04.1968
Date of Appointment :	01.01.2011

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
n. Ram	6600
Rangarajan Shanta	12974
Kasturi Kamala	2469
Arun Vijaya	4570
Vijay Iyengar Akila	2708
G. Kasturi	2944
M. Krishna	4000
N. Murali	1000
Murali Kanta	4000
Murali Tara	520
N. Ram	2924
Ram Vidya	4000
N. Ravi	200
Ravi Aparna	4000
N. Ravi	2924
Ravi Sudha	1000
Balaji Madhumita	11112
Venugopal Divya	5200
Narayan Lakshman	3350
Sriram Lakshman	3350
Serendipity Investments (Private) Limited, India	5400
R. Ramesh	5886
K Balaji	2500
Parthasarathy Malini	10396
K. Venugopal	612
K. Venugopal	2600
Venugopal Lavanya	5200
G. Kasturi	900
Parthasarathy Menaka	13020
Narayanan Usha	3428
Lakshman Nirmala	3592
N. Murali	4004
Akshay Krishnan	1150
Ananth Krishnan	1125
R. Ramesh and Ramesh Rohit	8000
R. Ramesh and Ramesh Archit	8000
Rangarajan Shanta and Vijay Iyenger Akila	622
Rangarajan Shanta and Vijay Vishal	620
Rangarajan Shanta and Vijay Abhinav	620
Krishnan Nalini and Krishnan Akshay	3500
Krishnan Nalini and and Krishnan Ananth	3500
Krishnan Nalini	1017
Srinath Lakshmi	6883
Srinath Lakshmi and Srinath Krithika	1780
Srinath Lakshmi and Malavika Nataraj	1800
Total	176000

Equity Share Breakup

(AS ON 30.09.2011)

Category	Percentage
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	16.40
Bodies corporate	3.07
Directors or relatives of directors	80.53
Total	100.000

BUSINESS DETAILS

Line of Business :

The company acts as publishers. The company is engaged in printing, publishing and circulating of magazines and newspapers. It also acts as importers and exporters.

Products :

Product Description	Item Code No.
The Hindu (Daily)	490210-01
The Hindu Business Line (Daily)	490210-01
Sportstar (Weekly)	490290-02
Frontline (B I - Weekly)	490290-02

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Central Bank of India Limited, Addison Buildings, 803, Anna Salai, Chennai-600002, Tamilnadu, India

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel, West, Mumbai-400013, Maharashtra, India

· ICICI Bnk limited, Landmark Race Cource Circle, Alkapuri, Baroda-390 015, Gujarat, India

Facilities :

(Rs. in millions)

SECURED LOANS	AS ON 31.03.2011	AS ON 31.03.2010
Rupee Term Loans Bank Secured	2012.750	2868.105
Working Capital Loans Bank Secured	378.860	438.194
Finance lease obligation long-term secured	35.388	69.069
Interest accrued due secured loans	8.268	10.951
Total	2435.266	3386.319

Note:

(A) Due for repayment within twelve months Rs.804.980 Millions

(B) Due for repayment within twelve months Rs.10,67.613 Millions

(C) Cash credits 158.448 Millions Short Term Loans 0 Buyers Credit 220.412 Millions Total 378.860 Millions

(D) Buyers' credit 253.668 Millions Cash credits 84.526 Millions Short Term Loans 1000 Total 438.194 Millions

(Rs. in millions)

UNSECURED LOANS	AS ON 31.03.2011	AS ON 31.03.2010
Working capital loans banks unsecured	330.044	414.928
Fixed deposits unsecured	448.588	381.449
Other debt unsecured	11.635	21.504
Total	790.267	817.881

Note:

(A) Include loans from Directors Rs.57.575 Millions

(B) Include loans from Directors Rs. 54.985 Millions

Banking Relations :	--
Auditors :
Name :	Brahmayya and Company Chartered Accountants
Address :	45, Masilamani Road, Royapettah, Chennai – 600014, Tamilnadu, India
Income-tax PAN of auditor or auditor’s firm :	AAAFB2481J
Joint Ventures:	CCI Sourcing Private Limited (CCI) Metronation Chennai Television Limited (MCTL)

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Share	Rs.100/- each	Rs.50.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
176000	Equity Share	Rs.100/- each	Rs.17.600 millions

Note:

Of the Equity shares 6000 shares are allotted as fully paid up pursuant to a contract without payment being received in cash and 161000 shares are allotted as fully paid up by way of bonus shares by capitalization of 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		17.600	17.600	17.600
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		5471.768	5243.666	4998.668
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		5489.368	5261.266	5016.268
LOAN FUNDS
1] Secured Loans		2435.266	3386.319	3308.024
2] liability for Leased Assets		0.000	0.000	105.802
3] Unsecured Loans		790.267	817.881	861.594
TOTAL BORROWING		3225.533	4204.200	4275.420
DEFERRED TAX LIABILITIES		466.314	425.613	353.013
TOTAL		9181.215	9891.079	9644.701
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		6528.871	7013.284	5930.961
Capital work-in-progress		35.965	142.018	201.652
INVESTMENT		0.125	50.125	59.325
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1349.840	1073.245	1952.269
	Sundry Debtors	1816.569	1510.800	1317.815
	Cash & Bank Balances	456.482	534.114	513.494
	Other Current Assets	60.373	70.491	73.954
	Loans & Advances	926.631	799.621	1057.174
Total Current Assets		4609.895	3988.271	4914.706
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1333.507	757.333	918.604
	Other Current Liabilities	271.638	270.963	247.869
	Provisions	388.496	294.323	295.470
Total Current Liabilities		1993.641	1322.619	1461.943
Net Current Assets		2616.254	2665.652	3452.763
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		9181.215	9891.079	9644.701

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Advertisement	9454.748	7704.802	6778.194
		Circulation	0.000	0.000	1092.455
		Other Income	220.660	176.927	183.772
		TOTAL (A)	9675.408	7881.729	8054.421
Less	EXPENSES
		Consumption materials changes inventories	3011.420	2769.165	2958.548
		Manufacturing service costs	429.349	374.511	172.970
		Employee related expenses	2732.724	2035.245	139.584
		Administrative selling other expenses	1655.124	1230.997	131.637
		Salaries , Wages and Other Employee Benefits	0.000	0.000	1923.410
		Commission	0.000	0.000	8.034
		Distribution Expenses	0.000	0.000	276.909
		Repairs, Renewals and Maintenance	0.000	0.000	136.409
		Other Expenses	0.000	0.000	916.861
		TOTAL (B)	7828.617	6409.918	6664.362
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1846.791	1471.811	1390.059
Less	FINANCIAL EXPENSES (D)		350.960	371.582	307.243
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1495.831	1100.229	1082.816
Less/ Add	DEPRECIATION/ AMORTISATION (F)		743.033	699.222	629.701
	PROFIT BEFORE TAX (E-F) (G)		752.798	401.007	453.115
Less	TAX (H)		350.725	84.144	210.400
	PROFIT AFTER TAX (G-H) (I)		402.073	316.863	242.715
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	2590.453	2772.785
Less	APPROPRIATIONS
		Interim dividend paid during the year	NA	(8.800)	(26.400)
		Interim dividend paid after the close of the years	NA	(26.400)	(26.400)
		Proposed dividend	NA	(26.400)	(52.800)
		Dividend tax	NA	(10.265)	(17.947)
		Transfer to general reserve	NA	(31.700)	(301.500)
	BALANCE CARRIED TO THE B/S		NA	2803.751	2590.453
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	0.908	0.781
		Royalty	NA	9.594	15.264
		Interest	NA	0.465	9.272
		Advertisement and Other	NA	30.895	63.024
	TOTAL EARNINGS		NA	41.862	88.341
	IMPORTS
		Raw Materials	NA	1125.896	2942.080
		Stores & Spares	NA	58.397	110.017
		Capital Goods	NA	1161.890	540.160
	TOTAL IMPORTS		NA	2346.183	3592.257
	Earnings Per Share (Rs.)		2284.50	1800.00	1379.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.16	4.02	3.01
Net Profit Margin (PBT/Sales)	(%)	7.96	5.21	5.75
Return on Total Assets (PBT/Total Assets}	(%)	6.76	3.65	4.17
Return on Investment (ROI) (PBT/Networth)		0.14	0.07	0.09
Debt Equity Ratio (Total Liability/Networth)		0.95	1.05	1.14
Current Ratio (Current Asset/Current Liability)		2.31	3.02	3.36

LOCAL AGENCY FURTHER INFORMATION

FORM 8:

Corporate identity number of the company	U22110TN1940PLC001091
Name of the company	KASTURI AND SONS LIMITED
Address of the registered office or of the principal place of business in India of the company	Kasturi Building, 859 and 860, Anna Salai, Chennai-600002, Tamil Nadu, India E-Mail Id: padmanabhan.s@thehindu.co.in
This form is for	Modification of charge
Charge identification number of the charge to be modified	90288569
Type of charge	Immovable Property
Particular of charge holder	Central Bank Of India Limited, Addison Buildings, 803, Anna Salai, Chennai-600002, Tamilnadu, India E-Mail Id: agmchen0878@centralbank.co.in
Nature of instrument creating charge	No instrument was executed but on 08/06/2011 a mortgage was created by the Company in favour of Central Bank of India by deposit of title deeds with ICICI Bank Limited in respect of Company's immovable properties situate at Singanallur, Coimbatore.
Date of instrument Creating the charge	08/06/2011
Amount secured by the charge	Rs.1100.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	a) Rate of Interest BR + 2.75 with reset every 364 days b) Terms of repayment 20 quarterly installment c) Margin 23% d) Extent and operation of the charge Mortgage in favour of Central Bank of India by deposit of title deeds with ICICI Bank Limited in respect of Company's immovable properties. The charge on the immovable properties shall operate as security till complete closure of the overall limit of Rs.1100.000 millions which is recorded in the books of accounts of the Central Bank of India on paripasu basis with term loan lenders.
Short Particulars of the property charged	The Company's properties located at Coimbatore
Date of instrument modifying the charge	20/06/2007
Particulars of the present modification	Additional charge was created by the Company in favour of Central Bank of India by deposit of Title Deeds pertaining to the Company's property at Singanallur.

FIXED ASSETS:

Own Assets:

· Leasehold Land

· Freehold Land

· Building

· Plant and Machinery

· Electrical Installations

· Office Machinery

· Furniture

· Vehicles

Leased Assets:

· Vehicles

· Computers

· Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.59
UK Pound	1	Rs.80.34
Euro	1	Rs.67.13

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		59

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.