1. Summary Information
|
Country |
|
||
|
Company Name |
Kal Publications Private Limited |
Principal Name 1 |
Mr. Kalanithi Maran |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Kavery Kalanithi |
|
Registration # |
18-57756 |
||
|
Street Address |
Murasoli Maran Tower, 73 MRC Nagar Main Road, MRC Nagar,
Chennai - 600028, Tamilnadu, India |
||
|
Established Date |
07.10.2005 |
SIC Code |
|
|
Telephone# |
91-44-42209191 |
Business Style 1 |
Printing |
|
Fax # |
91-44-42209110 |
Business Style 2 |
Publishing |
|
Homepage |
http://www.dinakaran.com
|
Product Name 1 |
New Papers |
|
# of employees |
1200 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.100,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
City Union Bank |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (36) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Parties |
-- |
Sun Direct TV Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,258,697,000 |
Current Liabilities |
656,396,000 |
|
Inventories |
187,254,000 |
Long-term Liabilities |
1,120,145,000 |
|
Fixed Assets |
1,117,121,000 |
Other Liabilities |
235,940,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,012,481,000 |
|
Invest& other Assets |
9,684,000 |
Retained Earnings |
395,275,000 |
|
|
|
Net Worth |
560,275,000 |
|
Total Assets |
2,572,756,000 |
Total Liab. & Equity |
2,572,756,000 |
|
Total Assets (Previous Year) |
2,197,047,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
2,333,509,000(Including Other Income) |
Net Profit |
344,537,000 |
|
Total Income (Previous yr) |
1,824,902,000 |
Net Profit(Prev.yr) |
(231,638,000) |
MIRA INFORM REPORT
|
Report Date : |
19.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
KAL PUBLICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Murasoli Maran Tower, 73 MRC Nagar Main Road, MRC Nagar,
Chennai - 600028, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.10.2005 |
|
|
|
|
Com. Reg. No.: |
18-57756 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121TN2005PTC057756 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK07745D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK6694D |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Printing and Publishing of New Papers |
|
|
|
|
No. of Employees
: |
1200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2240000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The latest financials are not available. As per the available financial of 2011 the company seems to be
satisfactory. Trade relations are reported to be fair. Business is active. Payments
are reported to be unknown. The company can be considered for business dealings with some caution.
|
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 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 DECLINED BY
|
Name : |
Mr. Mani |
|
Designation : |
Accountant |
|
Contact No.: |
91-44-44676767 |
|
Date : |
18.06.2013 |
LOCATIONS
|
Registered Office : |
Murasoli Maran Tower, 73 MRC Nagar Main Road, MRC Nagar,
Chennai - 600028, Tamilnadu, India |
|
Tel. No.: |
91-44-42209191/ 44676767 |
|
Fax No.: |
91-44-42209110/ 24643667 |
|
E-Mail : |
|
|
Website : |
http://www.dinakaran.com
|
|
|
|
|
Factory/ Printing Press : |
Located at ·
Chennai |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Ramesh Ravilla Manu Ranganathan |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 141, Senthamarai, Kannan Salai, Venkateshwara Nagar, Kottivakkam,
Chennai – 600041, |
|
Date of Birth/Age : |
04.12.1965 |
|
Date of Appointment : |
22.12.2005 |
|
00811887 |
|
|
|
|
|
Name : |
Mr. Krishnaswamy
Vijaykumar |
|
Designation : |
Director |
|
Address : |
#204, Windsor Court,
#17 Millers Road, Bangalore – 560046, Karnataka, India |
|
Date of
Birth/Age : |
20.11.1964 |
|
Date of
Appointment : |
02.11.2012 |
|
DIN No.: |
03578076 |
|
|
|
|
Name : |
Mr. Kannappan
Shanmugam |
|
Designation : |
Director |
|
Address : |
No.12, Sixth
Street, Gopalapuram, Chennai – 600086, Tamilnadu, India |
|
Date of
Birth/Age : |
28.03.1965 |
|
Date of
Appointment : |
02.11.2012 |
|
DIN No.: |
00551319 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kalanithi Maran |
|
9500000 |
|
Kavery Kalanithi |
|
500000 |
|
|
|
|
|
Total |
|
10000000 |
AS ON 02.11.2012
|
Names of Allottess |
|
No. of Shares
Allotted |
|
Kalanithi Maran |
|
513265 |
|
Mallika Maran |
|
197600 |
|
S. Selvam |
|
32410 |
|
|
|
|
|
Total |
|
743275 |
AS ON 30.09.2012
|
Category |
Percentage |
|
Equity Share Break up |
|
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of New Papers. |
GENERAL INFORMATION
|
No. of Employees : |
1200 (Approximately) |
|
|
|
|
Bankers : |
·
City Union Bank, Mandivali Branch, Chennai ·
Indian Bank ·
Indian Overseas Bank ·
Corporation Bank ·
Kotak Mahindra Bank ·
State Bank of ·
Tamilnadu Mercantile Bank |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Karra and Company Chartered Accountant |
|
Address : |
Anugraha, New No. 28, Ground Floor, Murray’s Gate Road, Alwarpet,
Chennai – 600018, Tamilnadu, India |
|
PAN.: |
AAAFK3000E |
|
|
|
|
Related Parties (As on 31.03.2010): |
·
Sun Direct TV Private Limited ·
Kal Radio Limited ·
Kungumam Publication Private Limited ·
Kal Cables Private Limited ·
Kal Comm Private Limited ·
South Asia FMM Private Limited ·
S and S Textiles |
|
|
|
|
Group Companies : |
Sun Network Limited |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20160000 |
Equity Shares |
Rs.10/- each |
Rs.201.600 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10743275 |
Equity Shares |
Rs.10/- each |
Rs.107.433
millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000
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 |
100.000 |
100.000 |
100.000 |
|
|
2] Share Application Money |
65.000 |
125.000 |
125.000 |
|
|
3] Reserves & Surplus |
395.275 |
107.262 |
1.363 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(238.638) |
|
|
NETWORTH |
560.275 |
332.262 |
(12.275) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1120.145 |
1144.145 |
1182.145 |
|
|
TOTAL BORROWING |
1120.145 |
1144.145 |
1182.145 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1680.420 |
1476.407 |
1169.870 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1117.121 |
1105.209 |
1174.781 |
|
|
Capital work-in-progress |
6.680 |
42.557 |
6.479 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.002 |
0.002 |
0.002 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
3.278 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
187.254
|
176.685 |
151.857
|
|
|
Sundry Debtors |
628.286
|
481.650 |
474.490
|
|
|
Cash & Bank Balances |
376.179
|
295.499 |
19.065
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
254.232
|
91.144 |
83.003
|
|
Total
Current Assets |
1445.951
|
1044.978 |
728.415 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
506.826
|
493.159 |
691.358 |
|
|
Other Current Liabilities |
149.570
|
146.130 |
0.000 |
|
|
Provisions |
235.940
|
81.350 |
51.726 |
|
Total
Current Liabilities |
892.336
|
720.639 |
743.084 |
|
|
Net Current Assets |
553.615
|
324.339 |
(14.669)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
3.002 |
4.300 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1680.420 |
1476.407 |
1169.870 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
2333.509 |
1824.902 |
|
|
|
Other Income |
|
|
111.954 |
|
|
|
TOTAL |
|
2333.509 |
1936.857 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
1853.511 |
2036.864 |
|
|
|
|
|
|
|
|
|
PROFIT(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
479.998 |
(100.007) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
109.320 |
124.239 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
370.678 |
(224.246) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
25.834 |
4.820 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period
Adjustment |
|
0.307 |
2.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
344.537 |
(231.358) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(238.638) |
(7.280) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
105.899 |
(238.638) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
0.140 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
382.828 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
14.76 |
(11.95)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
(12.29)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
17.24 |
(11.72)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.66 |
(18.27)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.59
|
5.61 |
60.54
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62
|
1.45 |
0.98
|
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 two years |
Yes |
|
12] |
Profitability for last two 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 |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
|
Particulars |
31.03.2011 (Rs. In Millions) |
31.03.2010 (Rs. In Millions) |
|
|
|
|
|
Loans directors unsecured |
1120.145 |
1144.145 |
|
|
|
|
|
Total |
1120.145 |
1144.145 |
FIXED ASSETS
·
Land
·
Building – Factory
·
Building – Others
·
Plant and Machinery
·
Electrical Fittings
·
Office Equipments
·
Furniture and Fittings
·
Computers
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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.58.45 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
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Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.