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 Subsidiaries	Country India	Company Name	MM TV Limited
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	2,701,958,000	Current Liabilities	1,813,628,000
Inventories	837,592,000	Long-term Liabilities	973,746,000
Fixed Assets	1,918,517,000	Other Liabilities	--
Deferred Assets	38,359,000	Total Liabilities	2,787,374,000
Invest& other Assets	603,052,000	Retained Earnings	3,304,904,000
		Net Worth	3,312,104,000
Total Assets	6,099,478,000	Total Liab. & Equity	6,099,478,000
Total Assets (Previous Year)	4,805,326,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	7,269,506,000	Net Profit	1,059,889,000
Sales(Previous yr)	6,085,105,000	Net Profit(Prev.yr)	754,269,000

MIRA INFORM REPORT

Report Date :

04.09.2012

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) :	31.03.2011
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 13248416
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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

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 28.09.2011

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 28.09.2011

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

GENERAL INFORMATION

Bankers :

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

Facilities :

Secured Loans :	As on 31.03.2011 Rs. in Millions	As on 31.03.2010 Rs. in Millions
Rupee term loan bank secured	281.564	418.767
Working Capital Loans secured	0.000	42.360
Total	281.564	461.127

Footnotes

(A) 1.Term Loans are secured in favour of State Bank of Travancore and Syndicate Bank by hypothecation of printing machinery and equipments both present and future and by a pari passu charge in favour of the said banks by way of equitable mortgage of title deeds of the immovable properties of the company at Kottayam, Kochi, Thiruvananthapuram, Kollam, Palakkad, Thrissur, Malappuram, Pathanamthitta and Mumbai.

2.Working Capital Loans are secured in favour of State Bank of Travancore and Syndicate Bank by a floating charge on Book Debts, Stock of stores, Newsprint, Work in Progress excluding Teak plantations and Finished Goods and a charge on the fixed and movable assets of the company not otherwise specifically charged, Fixed Deposit and further by an equitable mortgage by deposit of title deeds of the immovable properties of the company at Kottayam, Kochi, Thiruvananthapuram, Kollam, Palakkad, Thrissur, Malappuram, Pathanamthitta and Mumbai

Unsecured Loans :	As on 31.03.2011 Rs. in Millions	As on 31.03.2010 Rs. in Millions
Public Deposits	28.394	31.218
Other Loans and Advances	663.788	628.075
Total	692.182	659.293

Footnotes

(A) Agent's Deposits (Current Year Rs.4495.43Lacs Previous Year Rs.411.083 Millions) have been classified as Quasi Capital as per legal opinion.

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

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
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

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		7.200	7.200	7.200
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		3304.904	2370.535	1733.807
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3312.104	2377.735	1741.007
LOAN FUNDS
1] Secured Loans		281.564	461.127	1420.486
2] Unsecured Loans		692.182	659.293	227.036
TOTAL BORROWING		973.746	1120.420	1647.522
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
AGENTS DEPOSITS		0.000	0.000	373.983
TOTAL		4285.850	3498.155	3762.512
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1918.517	1929.352	2003.221
Capital work-in-progress		93.076	12.681	15.215
INVESTMENT		509.976	379.407	379.407
DEFERREX TAX ASSETS		38.359	18.918	15.039
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	837.592	429.728	743.171
	Sundry Debtors	704.024	611.392	539.152
	Cash & Bank Balances	662.110	594.902	312.382
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1335.824	828.946	445.547
Total Current Assets		3539.550	2464.968	2040.252
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	840.122	420.716	305.597
	Other Current Liabilities	49.515	42.334	40.896
	Provisions	923.991	844.121	344.129
Total Current Liabilities		1813.628	1307.171	690.622
Net Current Assets		1725.922	1157.797	1349.630
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		4285.850	3498.155	3762.512

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	7269.506	6085.105	5512.095
		Other Income	189.480	142.487	132.657
		TOTAL (A)	7458.986	6227.592	5644.752
Less	EXPENSES
		Raw materials consumed	2675.861	2209.833	2694.219
		Manufacturing service costs	438.603	399.584	0.000
		Employee related expenses	982.289	904.824	0.000
		Administrative selling other expenses	1339.894	1125.164	0.000
		Reporting, News and other direct expenses	0.000	0.000	446.848
		Other expenses	0.000	0.000	1805.986
		(Increase)/Decrease in Inventories	0.000	0.000	(8.713)
		TOTAL (B)	5436.647	4639.405	4938.340
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2022.339	1588.187	706.412
Less	FINANCIAL EXPENSES (D)		68.340	115.384	160.997
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1953.999	1472.803	545.415
Less/ Add	DEPRECIATION/ AMORTISATION (F)		352.521	276.016	298.353
	PROFIT BEFORE TAX (E-F) (G)		1601.478	1196.787	247.062
Less	TAX (H)		541.589	442.518	119.319
	PROFIT AFTER TAX (G-H) (I)		1059.889	754.269	127.743
	BALANCE CARRIED TO THE B/S		934.369	636.727	NA
	Earnings Per Share (Rs.)		1472.000	1048.00	177.00

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	14.21	12.11	2.26
Net Profit Margin (PBT/Sales)	(%)	22.03	19.66	4.48
Return on Total Assets (PBT/Total Assets}	(%)	29.34	27.23	6.11
Return on Investment (ROI) (PBT/Networth)		0.48	0.50	0.14
Debt Equity Ratio (Total Liability/Networth)		0.84	0.84	1.34
Current Ratio (Current Asset/Current Liability)		1.95	1.88	2.95

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	No
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	No
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	No
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	----------------------
29]	Last accounts filed at ROC	----------------------
30]	Major Shareholders, if available	----------------------
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

Newsprint:

During the year, newsprint prices almost stayed steady. The average newsprint cost worked out to U.S. $ 627 per ton equivalent to 0 29,248 per ton. The supply position continues to be comfortable. The price in 2011-12, is expected to go up. Newsprint demand has slackened in North America and to a lesser extent in Western Europe. The demand is high in Asia, Eastern European and Latin American countries. Newsprint mills resort to shifting production from newsprint to packing paper or even shutting down the units to balance demand and supply and to sustain profitability levels.

As reported in our previous reports, our newsprint wastage is the lowest in the country, which is a testimonial to the efficiency of our Works and Materials Divisions.

Advertisements:

We had a highly successful year with sales revenue of Rs.477 crores – an all time record – with the daily display advertisements contributing 77.5 per cent of the total revenue and classified and personal advertisements contributing 14 per cent of the total revenue.

In the advertisement market, Cochin remains the most vibrant, accounting for about 21.5 per cent of the total revenue and Mumbai and Delhi accounting for 10 per cent each. Malayala Manorama Daily continues to maintain its market leadership in Kerala.

The high inflation will adversely affect the country's economic progress as it affects growth, entailing a mark down of GDP. Besides, the World Cup cricket and Indian Premier League would impact adversely on the ad-spend of big advertisers.

Circulation:

The circulation of the Malayala Manorama newspaper has crossed 20 lakh copies. The present print order is 20,57,500 copies per day. As per the certificate of the Audit Bureau of Circulations, the circulation for July-December, 2010 was 19,03,331 copies. During the last one year, the circulation of newspaper had an increase of 1,43,164 copies - the highest circulation in the history of Malayala Manorama. All other publications are also doing well with Manorama Weekly posting Audit Bureau of Circulations certified sale of 5,82,180 copies and The

Week 2,04,429 copies during July-December 2010. It is a matter of satisfaction that The Malayala Manorama Co. Ltd., is the largest publishing house in the country in terms of number of publications. We have 43 titles. Our publications continue to enjoy tremendous goodwill and support from the readers and advertisers.

Malayala Manorama calendar goes to 25,46,000 households in Kerala.

Malayala Manorama Daily, Weekly, Bhashaposhini, Karshakasree and the Year Books are brand leaders. Our corporate theme is Excellence. The focussed circulation strategy coupled with the excellent editorial quality, contributes to our corporate objectives.

Manorama Online:

It was yet another good year for Manorama Online reflecting a steady increase in traffic and addition of new verticals. The site registered an all time high traffic of more than a billion page views during the Kerala election results and the monthly figures have averaged over 700 million page views.

The reach of the site has enlarged to 7 million users. We maintained our position as Number One destination on the Web for Malayalees, in this world.

Manorama Online serves its users with minimum downtime enabled by the State-of-The-Art technology.

Local pages “Ente Naadu” provides local news on what is happening in and around the immediate vicinity which enables them to get involved in community happenings – a true test of citizen journalism.

Gulf Manorama is becoming a way of life for the Kerala diaspora.

Encouraged by the performance of e-Weekly, e-Vanitha was also launched.

Along with i-pad and i-phone, we have applications for the popular 'Android Tablet', as well.

M4Marry, Hello Address, which is a Real Estate Portal, Manorama Horizon, Education Portal, are some of the other Online verticals.

Yellow pages is a Project, which will soon go on stream.

MM TV Limited:

Manorama News - the news channel of MM TV Limited, the wholly-owned subsidiary of the Company - continues its dominance among news channels in Kerala. Manorama News has 47 per cent market share in Advertisement among Malayalam news channels. This premier position is sustained by the quality of the programmes and their novel presentation style, capable of retaining viewer eyeballs. The Financial results have been better than expected. It is indeed gratifying that the Company could break even and make profits earlier than what

was projected, before start-up. As reported last year, the Company is fully engaged in setting up a General Entertainment Channel which will be on air in late 2011.

FM Radio:

As per the latest Indian Readership Survey figures -IRS 2011 Quarter 1 - Radio Mango has retained the Number One position with an Average Daily Listenership of 20.27 lakhs taking into consideration its four Radio Stations at Cochin, Trichur, Calicut and Kannur. This resulted in an impressive growth of 47.3 per cent in Average Daily Listenership during the year. This growth in listenership has been the highest among all Radio Stations in Kerala. Radio Mango is also ranked as the 12th largest in the country in terms of Average Daily Listenership. In South India, Radio Mango, at 7.1 per cent stands second in terms of reach for an FM Radio Station in a State.

As per a latest study done by Indian Market Research Bureau International, Radio Mango stands out as the Number One FM Radio operation within the territory of each of the four stations it operates.

Radio Mango has recorded net profits on their operations which has been a noteworthy achievement. Supporting this achievement has been a healthy 31 per cent increase in revenue as compared to the previous year. Operations have registered continuous improvement which have resulted in improved productivity while maintaining the market leadership position. We are confident that the growth trend will be maintained with superior programming and content.

Form : 8

Bankers Charges Report as per Registry

Corporate identity number of the company	U22121KL1889PLC000647
Name of the company	THE MALAYALA MANORAMA CO LTD
Address of the registered office or of the principal place of business in India of the company	Manorama Building, K K Road, Kottayam – 686001, Kerala, India
This form is for	Creation of charge
Type of charge	Movable Property
Particular of charge holder	SYNDICATE BANK
Nature of instrument creating charge	Composite Hypothecation Agreement
Date of instrument Creating the charge	10.03.2012
Amount secured by the charge	Rs.450.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 12% Terms of Repayment Repayable in 28 quarterly instalments Margin The Borrower shall maintain such security margin as stipulated by the Bank. Extent and Operation of the charge Credit facility-Term Loan- 450.000 Millions
Short particulars of the property charged	All the goods, stocks , raw materials, finished goods, unfinished goods, movable property of any kind, plant, machinery, fixtures, implements,fittings and other installations , furniture, vehicles, computers and all other articles and things, both present and future, whether installed or not, whether lying loose or in cases, at site or in transit or which may at any time hereafter during the continuance of this security be installed or lying loose or in cases or being in or upon which now or hereinafter from time to time during this security shall be brought into stores or be in the Company's premises at Kottayam, Ernakulam, Thiruvananthapuram, Kannur, Palakkad, Kollam, Thrissur, Malappuram, Kozhikode, Pathanamthitta, Mumbai, Chennai, Bangalore and Delhi.

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.55.45
UK Pound	1	Rs.87.98
Euro	1	Rs.69.70

INFORMATION DETAILS

Report Prepared by :

SDA

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.