MIRA INFORM REPORT

Report Date :

26.12.2013

IDENTIFICATION DETAILS

Name :	MAA TELEVISION NETWORK LIMITED
Registered Office :	Plot No.770/C, Aishwarya House, Road No.44, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	28.06.2001
Com. Reg. No.:	01-036950
Capital Investment / Paid-up Capital :	Rs. 597.372 Millions
CIN No.: [Company Identification No.]	U64204AP2001PLC036950
TAN No.: [Tax Deduction & Collection Account No.]	HYDM01355E
PAN No.: [Permanent Account No.]	AACCM7318C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of Broadcasting through Satellite Channel.
No. of Employees :	484 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 6070000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well-established company having fine track record. Financial position of the company appears to be sound. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

Uptick in agriculture and construction spread some cheer as the economy grew a higher-than-expected 4.8 % in the three months through September. Manufacturing rose an annual rate per cent during the quarter and mining fell by 0.4 %, government data showed while farm output rose 46%.

India has emerged as the most attractive investment destination, thanks to a relaxation in foreign direct investment norms, says a report. India is followed by Brazil and China in the ranking part of EY’s Capital Confidence Barometer report based on a survey across 70 nations. The US, France and Japan have emerged as the top three investors likely to invest in India.

India has been ranked 83^rd globally in terms of talent competitiveness of its human capital.  Switzerland, Singapore, Denmark, Sweden and Luxembourg are the top five in the list of 103 nations compiled by INSEAD business school.

Tax rates for companies in India are among the highest in the world and the number of payments is also more than the global average putting the country at low, 158^th rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the time taken for tax payments is relatively less in India which is rated ahead of China and Japan.

1 billion smartphone shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost computing in emerging markets. By 2017, total smartphone shipments are expected to approach 1.7 billion units, resulting in a compound annual growth rate of 18.4 % between 2013 and 2017, according to research from IDC.

20 % vacancy rate of office space in Mumbai and Delhi in the third quarter, the highest in Asia after Chengdu, in China. According to Cushman and Wakefield, six Indian cities are among the 10 office markets with the worst vacancies.

Foreign banks will not have to pay stamp duty and capital gains tax, if they convert their branch operations into a wholly owned subsidiary, according to the Reserve Bank of India.

The Reserve Bank of India is planning to launch CPI – indexed bonds aimed to protecting the savings of retail investors from the impact the price rise by December end.

Central Bureau of Investigation has booked State Bank of India, Deputy Managing Director Shyamal Acharya and others in a graft case related to distribution of a loan of over Rs 4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the residence of Acharya.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Outstanding Term Loans : A
Rating Explanation	Adequate degree of safety and low credit risk.
Date	May 2013

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ 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.

INFORMATION PARTED BY

Name :	Mr. Satyanarayana
Designation :	Accounts Manager
Contact No.:	91-40-66538383
Date :	24.12.2013

LOCATIONS

Registered Office :	Plot No.770/C, Aishwarya House, Road No.44, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India
Tel. No.:	91-40-66538383/ 66781678
Fax No.:	91-40-66538599/ 66772345
E-Mail :	secretarial@agrlaws.com mail@agrlaws.com manoj@maatv.com dsatyanarayana@maatv.com
Website :	http://www.maatv.com
Corporate Office :	6-6-663/B, “Maa Chambers” Behind Topaz Building, Panjagut, TA, Hyderabad – 500082, Andhra Pradesh, India
Branch Offices :	Located at: · Hyderabad · New Delhi · Chennai · Mumbai · Bangalore · Kolkata

DIRECTORS

AS ON 17.06.2013

Name :

Nimmagadda Prasad

Designation :

Director

Address :

10, Draycott Park, # 11-08, Singapore - 259405

Date of Birth/Age :

30.08.1961

Date of Appointment :

23.11.2009

PAN No.:

ABKPN3078N

DIN No.:

00014595

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	U24231AP1984PLC005146	MYLAN LABORATORIES LIMITED	Director	08/01/2007	06/04/2000	25/09/2009	Active	NO
2	U65993AP1983PLC004088	G2 CORPORATE SERVICES LIMITED	Director	06/04/2000	06/04/2000	-	Active	NO
3	U74140AP2002PTC038668	G2 TRADE CENTRE PRIVATE LIMITED	Director	19/03/2002	19/03/2002	-	Active	NO
4	U99999AP1994PTC018352	ASIAN INSTITUTE OF GASTROENTEROLOGY PRIVATE LIMITED	Director	18/08/2003	18/08/2003	15/05/2012	Active	NO
5	U24230GJ1984PLC007440	CONCORD BIOTECH LIMITED	Director	10/02/2006	10/02/2006	04/12/2009	Active	NO
6	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Director	08/05/2010	13/02/2006	30/03/2013	Active	NO
7	U40108DL2003PTC120409	ATHENA INFRAPROJECTS PRIVATE LIMITED	Director	29/09/2007	22/09/2006	30/03/2009	Active	NO
8	U45201MH2006PTC165094	KONARK ADVISERS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	15/06/2007	Active	NO
9	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	23/11/2009	19/01/2007	-	Active	NO
10	U74999AP2008PTC057225	VANPIC PROJECTS PRIVATE LIMITED	Director	18/01/2008	18/01/2008	-	Active	NO
11	U45209AP2008PTC057825	MATRIX ENPORT HOLDINGS PRIVATE LIMITED	Director	26/02/2008	26/02/2008	-	Active	NO
12	U74999AP2008PTC058448	VANPIC PORTS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	-	Active	NO
13	U74999AP2008PTC058555	MATRIX CORPORATION PRIVATE LIMITED	Director	04/04/2008	04/04/2008	-	Active	NO
14	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	29/09/2008	05/04/2008	21/05/2012	Active	NO
15	U45209AP2008PTC058696	GENEXX INFRATECH PRIVATE LIMITED	Director	16/04/2008	16/04/2008	-	Active	NO
16	U45200AP2008PTC058913	LEMONHILLS BUILDERS PRIVATE LIMITED	Director	30/04/2008	30/04/2008	-	Active	NO
17	U45200AP2008PTC059025	GENEX STRUCTURAL PROJECTS PRIVATE LIMITED	Director	07/05/2008	07/05/2008	22/05/2008	Active	NO
18	U74900AP2008PTC059490	MATRIX NATURAL RESOURCES PRIVATE LIMITED	Director	04/06/2008	04/06/2008	05/01/2010	Active	NO
19	U92140AP2006PTC048915	ANNAPURNA STUDIOS PRIVATE LIMITED (PART IX)	Director	30/09/2008	17/06/2008	-	Active	NO
20	U63010AP2008PTC059738	VANPIC SHIPYARD PRIVATE LIMITED	Director	19/06/2008	19/06/2008	-	Active	NO
21	U62200AP2008PTC059737	PRAKASAM AIRPORT PRIVATE LIMITED	Director	19/06/2008	19/06/2008	-	Active	NO
22	U40105AP2008PTC061318	VANPIC ENPOWER PRIVATE LIMITED	Director	07/10/2008	07/10/2008	-	Active	NO
23	U45200AP2008PTC061818	GOLDCOAST PROPERTIES PRIVATE LIMITED	Director	19/11/2008	19/11/2008	05/01/2010	Active	NO
24	U92100AP2009PTC065527	MAA NEWS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	23/11/2009	Under Process of Striking off	NO
25	U73100AP2010PTC071807	ASIAN INSTITUTE OF STEMCELL RESEARCH AND THERAPY PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Active	NO
26	U93090AP2007PTC053702	SEPTOZEN CORPORATE SERVICES PRIVATE LIMITED	Director	27/04/2011	06/04/2011	-	Active	NO

Name :

Mr. Nagarjuna Rao Akkineni

Designation :

Director

Address :

Plot No. 959-A, Road No. 48; Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

29.08.1959

Date of Appointment :

29.09.2007

PAN No.:

ABQPA4126L

DIN No.:

00014019

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	U92111AP2005PTC048045	ANNAPURNA PRODUCTIONS PRIVATE LIMITED	Director	14/11/2005	14/11/2005	-	Active	NO
2	U92140AP2006PTC048915	ANNAPURNA STUDIOS PRIVATE LIMITED (PART IX)	Managing director	27/01/2006	27/01/2006	-	Active	NO
3	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	29/09/2007	19/01/2007	-	Active	NO
4	U01119AP2007PTC056874	N AGROFARMS PRIVATE LIMITED	Director	28/12/2007	28/12/2007	-	Active	NO
5	U92100AP2008PTC057025	AKKINENI ARTS ACADEMY PRIVATE LIMITED	Director	07/01/2008	07/01/2008	-	Active	NO
6	U92100AP2009PTC065527	MAA NEWS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	23/11/2009	Under Process of Striking off	NO
7	U15499AP2007PTC053292	N3 ENTERPRISES PRIVATE LIMITED	Director	01/01/2010	01/01/2010	-	Active	NO
8	U92190AP2011PTC076632	ANNAPURNA PROTEIN FAMILY ENTERTAINMENT CENTER PRIVATE LIMITED	Director	20/09/2011	20/09/2011	-	Active	NO
9	U92412AP2013PTC089314	AKVA SPORTS PRIVATE LIMITED	Director	02/08/2013	02/08/2013	-	Active	NO

Name :

Mr. Aravind Babu Allu

Designation :

Director

Address :

Plot No. 1067, Road No.45, Jubilee Hills, Hyderabad – 500035, Andhra Pradesh, India

Date of Birth/Age :

10.10.1947

Date of Appointment :

29.09.2007

PAN No.:

ADAPA9507B

DIN No.:

01389994

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	U92112TN1999PTC042302	ALLU ENTERTAINMENT PRIVATE LIMITED	Managing director	19/04/1999	19/04/1999	-	Active	NO
2	U67190AP2002PTC038420	GREEN CHANNEL FOREX PRIVATE LIMITED	Director	30/01/2002	30/01/2002	18/03/2009	Active	NO
3	U24110AP1999PLC031254	SUDERSHAN BIOTECH LIMITED	Director	31/03/2004	31/03/2004	06/10/2010	Active	NO
4	U92111AP2004PTC044144	GEETHA ENTERTAINMENT PRIVATE LIMITED	Managing director	13/09/2004	13/09/2004	-	Active	NO
5	U01110AP2001PTC036979	GENOVA BIOTECHNIQUES PRIVATE LIMITED	Director	30/09/2005	30/09/2005	06/04/2007	Active	NO
6	U45200AP2003PTC041051	SIRI PROJECTS PRIVATE LIMITED	Director	01/11/2005	01/11/2005	-	Active	NO
7	U92120AP2004PTC043217	LEO CINEPLEX PRIVATE LIMITED	Director	18/08/2006	18/08/2006	-	Active	NO
8	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	29/09/2007	19/01/2007	-	Active	NO
9	U92100AP2009PTC065527	MAA NEWS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	23/11/2009	Under Process of Striking off	NO
10	U92100AP2011PTC074732	GEETHA MULTIPLEX PRIVATE LIMITED	Director	30/05/2011	30/05/2011	-	Active	NO
11	AAB-4341	GEETHA SP ENTERTAINMENT LLP	Body corporate as Designated Partner	01/04/2013	01/04/2013	-	Active	NO
12	AAB-7149	SVC AND GEETHA CINEMAS LLP	Body corporate as Designated Partner	19/08/2013	19/08/2013	-	Active	NO

Name :

Chunduri Ramakrishna

Designation :

Whole-time director

Address :

Plot No. 424, Road No. 19, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

15.08.1956

Qualification :

CA, GRAD, CWA

Date of Appointment :

28.05.2011

PAN No.:

AARPC9151D

DIN No.:

00204774

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	U65910AP1995PTC020804	CREATIVE FINVEST PRIVATE LIMITED	Director	23/06/1995	23/06/1995	-	Active	NO
2	U24231AP1984PLC005146	MYLAN LABORATORIES LIMITED	Director	03/02/2001	03/02/2001	28/09/2009	Active	NO
3	U85110AP1992PLC014728	QUALITY CARE INDIA LIMITED	Director	27/12/2005	27/12/2005	30/03/2012	Active	NO
4	U72200AP2005PTC046163	NOWPOS M-SOLUTIONS PRIVATE LIMITED	Director	31/12/2005	31/12/2005	12/01/2009	Active	NO
5	U45200AP2006PTC048961	VEEN PROMOTORS PRIVATE LIMITED	Director	01/02/2006	01/02/2006	02/02/2009	Active	NO
6	U45200AP2006PTC048962	VEEN REALTORS PRIVATE LIMITED	Director	01/02/2006	01/02/2006	02/02/2009	Active	NO
7	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Whole-time director	28/05/2011	19/01/2007	-	Active	NO
8	U74140AP2007PTC053110	CHUNDURI MANAGEMENT CONSULTANCY SERVICES PRIVATE LIMITED	Director	14/03/2007	14/03/2007	-	Active	NO
9	U93090AP2007PTC053702	SEPTOZEN CORPORATE SERVICES PRIVATE LIMITED	Director	20/04/2007	20/04/2007	21/06/2011	Active	NO
10	U45400AP2007PTC054628	SEPTOZEN CONSTRUCTIONS PRIVATE LIMITED	Director	27/06/2007	27/06/2007	26/03/2009	Active	NO
11	L02411KA1988PLC009465	VIVIMED LABS LIMITED	Director	27/09/2012	14/11/2011	11/01/2013	Active	NO

Name :

Mr. Ram Charan Tej Konidala

Designation :

Director

Address :

Plot No. 303, Road No. 25, Jubilee Hills, Hyderabad – 500034, Andhra Pradesh, India

Date of Birth/Age :

02.01.1985

Date of Appointment :

28.05.2011

DIN No.:

03440033

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	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	28/05/2011	21/02/2011	-	Active	NO
2	U74999AP2011PTC072885	NEW WAVE INFOMEDIA PRIVATE LIMITED	Director	24/02/2011	24/02/2011	04/03/2013	Active	NO
3	U62200AP2013PTC086338	TURBO MEGHA AIRWAYS PRIVATE LIMITED	Director	14/03/2013	14/03/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Satyanarayana
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 17.06.2013

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

AS ON 17.06.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	48.47
Directors or relatives of directors	46.15
Other top fifty shareholders	5.38
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of Broadcasting through Satellite Channel.

Products/ Services :

ITC Code No.	Product Descriptions
99846220	Televison Advertisement

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

GENERAL INFORMATION

Customers :

End Users and OEM’s

No. of Employees :

484 (Approximately)

Bankers :

· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

· Axis Bank Limited, 6-3-879/B ,Greenlans Road, Begumpet, Hyderabad, Hyderabad - 500016, Andhra Pradesh, India

· Kotak Mahindra Bank Limited, 6-3-110/9/1, Block-A, Jewel Pavani Towers, Raj Bhavan Road, Somajiguda, Hyderabad.-500082, Andhra Pradesh, India

Facilities :

Total Credit : Rs. 150.000 Millions [From Kotak Mahindra Bank Limited]

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG-TERM BORROWINGS
Rupee term loans from banks	52.691	73.678
SHORT TERM BORROWINGS
Working capital loans from banks	366.145	345.974
Total	418.836	419.652

Banking Relations :	--
Auditors :
Name :	Visweswara Rao and Associates Chartered Accountants
Address :	Sri Plot No. 512A1, Road No 31, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AACFV6616M
Companies/ concerns in which Key Management/ Relatives are interested:	· Annapurna Studios Private Limited [U92140AP2006PTC048915] · Geeta Arts (Allu Entertainment (P) Limited) · Anjana Productions · Geeta Arts Digital

CAPITAL STRUCTURE

AFTER 17.06.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
65,000,000	Equity Shares	Rs. 10/- each	Rs. 650.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
59,931,900	Equity Shares	Rs. 10/- each	Rs. 599.319 Millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
65,000,000	Equity Shares	Rs. 10/- each	Rs. 650.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
59,737,205	Equity Shares	Rs. 10/- each	Rs. 597.372 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	597.372	592.968	592.800
(b) Reserves & Surplus	921.609	668.076	416.287
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1518.981	1261.044	1009.087
(3) Non-Current Liabilities
(a) long-term borrowings	52.691	73.678	109.900
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	3.913	3.326	0.981
Total Non-current Liabilities (3)	56.604	77.004	110.881
(4) Current Liabilities
(a) Short term borrowings	366.145	345.974	212.163
(b) Trade payables	26.426	33.495	39.257
(c) Other current liabilities	118.364	146.475	139.294
(d) Short-term provisions	134.052	24.280	18.709
Total Current Liabilities (4)	644.987	550.224	409.423
TOTAL	2220.572	1888.272	1529.391
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	218.574	238.131	230.074
(ii) Intangible Assets	7.651	2.388	2.453
(iii) Capital work-in-progress	4.934	0.000	0.507
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	15.083	9.449	1.874
(d) Long-term Loan and Advances	37.212	56.597	61.206
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	283.454	306.565	296.114
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1336.030	1010.331	701.208
(c) Trade receivables	486.448	400.524	279.827
(d) Cash and cash equivalents	25.902	35.472	27.349
(e) Short-term loans and advances	51.070	108.473	190.880
(f) Other current assets	37.668	26.907	34.013
Total Current Assets	1937.118	1581.707	1233.277
TOTAL	2220.572	1888.272	1529.391

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	2123.685	1743.709	1251.383
		Other Income	5.836	6.281	6.614
		TOTAL (A)	2129.521	1749.990	1257.997
Less	EXPENSES
		Cost of materials consumed	1015.764	892.701	710.584
		Employee benefit expense	257.881	199.075	148.534
		Other expenses	206.481	173.360	113.932
		TOTAL (B)	1480.126	1265.136	973.050
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		649.395	484.854	284.947
Less	FINANCIAL EXPENSES (D)		54.586	50.000	26.962
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		594.809	434.854	257.985
Less/ Add	DEPRECIATION/ AMORTISATION (F)		61.757	62.064	43.980
	PROFIT BEFORE TAX (E-F) (G)		533.052	372.790	214.005
Less	TAX (H)		177.164	121.446	72.163
	PROFIT AFTER TAX (G-H) (I)		355.888	251.344	141.842
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	59.376	35.050	21.364
	IMPORTS
		Capital Goods	14.879	33.990
		Consumables	5.180	0.000
	TOTAL IMPORTS		20.059	33.990	NA
	Earnings Per Share (Rs.)		5.98	4.24	2.39

Expected Sales (2013-2014): Rs. 2820.000 Millions

The above information has been parted by Mr. Satyanarayana (Accounts Manager)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	16.71	14.36	11.28
Net Profit Margin (PBT/Sales)	(%)	25.10	21.38	17.10
Return on Total Assets (PBT/Total Assets}	(%)	24.22	19.84	14.01
Return on Investment (ROI) (PBT/Networth)		0.35	0.30	0.21
Debt Equity Ratio (Total Debt/Networth)		0.28	0.33	0.32
Current Ratio (Current Asset/Current Liability)		3.00	2.87	3.01

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	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	Yes
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS

CRLA 211 / 2012	CRLASR 11517 / 2004	CASE IS:PENDING
PETITIONER		RESPONDENT
M/S. GEMINI TV PVT. LTD.,	VS	M/S. MAA TELEVISION NETWORK LTD, & 6 OTHERS,
PET.ADV. : RAMAKANTH REDDY		RESP.ADV. : PUBLIC PROSECUTOR
SUBJECT: Other offences not covered above		DISTRICT:  HYDERABAD
FILING DATE:  null	POSTING STAGE :  FOR ORDERS OF COURT
REG. DATE    :   03-03-2012	LISTING DATE :  07-04-2011	STATUS   :  ADMIT
HON'BLE JUDGE(S):		GOPALA KRISHNA TAMADA

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10353346	11/04/2012	150,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, ASHOKA MY HOME CHAMBERS, S P ROAD, SECUNDERABAD - 500003, ANDHRA PRADESH, INDIA	B38817342
2	10247781	22/06/2011 *	150,000,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	B16645178
3	90262111	17/04/2013 *	415,000,000.00	AXIS BANK LIMITED	6-3-879/B ,GREENLANS ROAD, BEGUMPET, HYDERABAD, HYDERABAD - 500016, ANDHRA PRADESH, INDIA	B73380826

* Date of charge modification

CHANGE OF ADDRESS:

The registered office of the company has been shifted from Plot No.770/C, Aishwarya House, Road No.44, Jubilee Hills, Hyderabad – 500051, Andhra Pradesh, India to the present w.e.f.30.09.2013.

PERFORMANCE

The financial year 2012-13 is yet another eventful year for the Company with multiple growth drivers and all - round improvements resulting in excellent financial performance. It is a true reflection of management’s firm belief in collective wisdom and participative approach.

The Company recorded gross revenue of Rs. 2378.400 Millions for FY 2012-13 with a growth of 24% over the previous year. The gross profit before interest, depreciation and tax grew by 34% at Rs. 652.300 Millions. The profit after tax for the years too dat Rs.355.900 Millions with a growth rate of 42% over the previous year. As discussed in the last Annual Report, the robust performance of the Company is are sult of various strategic in itiatives taken by the management in the last few years.

CONTINGENT LIABILITIES:

Particulars	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
a) Estimated amount of contracts remaining to be executed on capital account not provided for	1.688	2.080
b) Other commitments towards non-cancellable contractual commitments and not provided for	250.713	235.195
Total	252.401	237.275

FIXED ASSETS:

· Plant and equipment

· Other plant and equipment

· Furniture and fixtures

· Vehicles

· Motor vehicles

· Office equipment

· Computer equipments

· Computer 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 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 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. 61.87
UK Pound	1	Rs. 101.10
Euro	1	Rs. 84.65

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	BVA

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	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		54

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.