MIRA INFORM REPORT
|
Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
BENNETT COLEMAN AND COMPANY LIMITED |
|
|
|
|
Registered
Office : |
The Times of India Building, D N Road, Mumbai - 400001,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 [Profit and Loss Account] |
|
|
|
|
Date of
Incorporation : |
29.11.1913 |
|
|
|
|
Com. Reg. No.: |
11-000391 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2869.554
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22120MH1913PLC000391 |
|
|
|
|
TIN No.: |
29060084369 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB4373Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into Printing and Publishing of
Newspapers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (82) |
|
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 227890000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a flagship company of ‘Times Group’. It is one of the oldest
and highly respected publishing house in the country. Financial position of
the company is sound. Fundamentals appear to be strong and healthy. Balance Sheet Statement of the company is not available. However,
there seems growth in the turnover and dip in the profitability during 2012. Trade relations are reported to be praiseworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered excellent for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : AAA |
|
Rating Explanation |
Highest degree of safety it carry lowest
credit risk. |
|
Date |
July 23, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A1+ |
|
Rating Explanation |
Highest degree of safety it carry lowest
credit risk. |
|
Date |
July 23, 2012 |
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
MANAGEMENT NON-COOPERATIVE [91-22-66353535]
LOCATIONS
|
Registered Office : |
The Times of India Building, D N Road, Mumbai - 400001, Maharashtra, India |
|
Tel. No.: |
91-22-66353535/ 66354460/ 66354159 |
|
Mobile No.: |
91-9819128038 (Mr. Subramanium) |
|
Fax No.: |
91-22-22620144/ 22731737 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mrs. Indu Jain |
|
Designation : |
Whole-time director |
|
Address : |
H. No. 6, Sardar Patel Marg, New Delhi – 110021, India |
|
Date of Birth/Age : |
08.09.1936 |
|
Date of Appointment : |
01.08.2009 |
|
PAN No.: |
AEHPJ3014N |
|
Din No.: |
00004040 |
|
|
|
|
Name : |
Mr. Samir Jain |
|
Designation : |
Managing Director |
|
Address : |
15, Moti Lal Nehru Marg, New Delhi
- 110011, India |
|
Date of Birth/Age : |
22.06.1954 |
|
Qualification: |
B.A |
|
Date of Appointment : |
01.02.2010 |
|
PAN No.: |
AEHPJ3016Q |
|
Din No.: |
00001337 |
|
|
|
|
Name : |
Mr. Vineet Jain |
|
Designation : |
Managing Director |
|
Address : |
15, Moti Lal Nehru Marg, New Delhi
- 110011, India |
|
Date of Birth/Age : |
12.02.1966 |
|
Qualification: |
M.B.A-Marketing
and Finance Management Graduate from American University of Switzerland. |
|
Date of Appointment : |
27.06.2008 |
|
PAN No.: |
AEHPJ3012L |
|
Din No.: |
00003962 |
|
|
|
|
Name : |
Mr. Ravindra Dhariwal |
|
Designation : |
Whole Time Director |
|
Address : |
Aashray Farm, Khasra No. 1523, Asola Village, New Delhi – 110030,
Delhi , India |
|
Date of Birth/Age : |
11.09.1952 |
|
Qualification: |
B. Tech,
M.B.A-Marketing and Finance |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
ADPPD1049Q |
|
Din No.: |
00003922 |
|
|
|
|
Name : |
Mrs. Amba Preetham Parigi |
|
Designation : |
Director |
|
Address : |
Tahnee Heights Chs Limited, 66, Nepean Sea
Road, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1949 |
|
Qualification: |
MA , MBA |
|
Date of Appointment : |
23.10.2007 |
|
Din No.: |
00087586 |
|
|
|
|
Name : |
Mrs. Kalpana Jaisingh Morparia |
|
Designation : |
Director |
|
Address : |
B – 92, Ocean Gold Chs, Twin Tower Lane,
Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1949 |
|
Qualification: |
Bsc. LL.B. |
|
Date of Appointment : |
23.10.2007 |
|
Din No.: |
00046081 |
|
|
|
|
Name : |
Mr. Trishla Jain |
|
Designation : |
Whole Time Director |
|
Address : |
15, Moti Lal Nehru Marg, New Delhi
- 110011, India |
|
Date of Birth/Age : |
27.02.1985 |
|
Qualification: |
Graduation in
English Literature (USA), Masters from Teachers College (Columbia University) |
|
Date of Appointment : |
01.04.2011 |
|
Din No.: |
03371538 |
|
|
|
|
Name : |
Mr. Shrijeet Ramakanta Mishra |
|
Designation : |
Whole Time Director |
|
Address : |
301, Gitanjali Gardens, 3rd Floor, 58E, Nepean Sea Road, Rungta
Lane, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
22.04.1965 |
|
Qualification: |
B.A, PGDM- IIM
Ahmedabad. |
|
Date of Appointment : |
11.08.2011 |
|
Din No.: |
01894081 |
|
|
|
|
Name : |
Mr. Meleveetil Damodaran |
|
Designation : |
Director |
|
Address : |
D-8/3, D Block, Vasant Vihar, New Delhi-110057, India |
|
Date of Birth/Age : |
04.05.1947 |
|
Date of Appointment : |
28.09.2012 |
|
Din No.: |
02106990 |
|
|
|
|
Name : |
Mr. Leo Puri |
|
Designation : |
Director |
|
Address : |
501, Belmont Condominium, N S Road, Mumbai-400036, Maharashtra, India |
|
Date of Birth/Age : |
03.01.1961 |
|
Date of Appointment : |
28.09.2012 |
|
Din No.: |
01764813 |
KEY EXECUTIVES
|
Name : |
Mr. Kausik Nath |
|
Designation : |
Company Secretary |
|
Address : |
A-202, Sea View Building, Charkop, Sector 8, Kandivali (West),
Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1964 |
|
Date of Appointment : |
06.03.2012 |
|
Pan No.: |
AACPN1272B |
|
|
|
|
Name : |
Mr. Subramanium |
|
Designation : |
Deputy Manager |
|
|
|
|
Name : |
Mr. Arindam Sengupta |
|
Designation : |
Executive Editor – TOI |
|
|
|
|
Name : |
Mr. Sunil Rajshekhar |
|
Designation : |
Chief Executive Officer - VPL |
|
|
|
|
Name : |
Mr. Rahul Kansal |
|
Designation : |
Chief Marketing Officer |
|
|
|
|
Name : |
Mr. R.S. Narayan |
|
Designation : |
Chief Financial Officer |
|
|
|
|
Name : |
Mr. S. Sivakumar |
|
Designation : |
Chief Executive Officer - Brand Capital |
|
|
|
|
Name : |
Mr. Satyan Gajwani |
|
Designation : |
Executive Assistant to CEO - BCCL |
|
|
|
|
Name : |
Mr. Naveen Vaikuntam Chandra |
|
Designation : |
Senior Vice President-Business Development |
|
|
|
|
Name : |
Mr. Munish Sabharwal |
|
Designation : |
Vice President |
|
|
|
|
Name : |
Mr. Sameer Soni |
|
Designation : |
Chief Operating Officer - FEAM |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sanmati
Properties Limited, |
|
27981000 |
|
Bharat Nidhi
Limited, |
|
70041600 |
|
PNB Finance and
Industries Limited, |
|
26665848 |
|
Vineet Jain |
|
1642248 |
|
Samir Jain |
|
7200 |
|
Meera Jain |
|
943200 |
|
Camac Commercial
Company Limited, |
|
38161548 |
|
Arth Udyog
Limited, |
|
26719848 |
|
Jacaranda Corporate
Services Limited, |
|
25632000 |
|
T M Investments
Limited |
|
17093016 |
|
Ashok Viniyoga
Limited |
|
51707916 |
|
Trishla Jain |
|
360000 |
|
|
|
|
|
Total |
|
286955424 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
98.97 |
|
Directors
or relatives of directors |
|
1.03 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Printing and Publishing of
Newspapers. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Dailies |
Pages |
698.60 lakhs |
84690.096 Quantity (in
lakh units) |
NOTE: Quantitative information includes dailies and
periodicals produced by outside printers on job-work basis. The Company has
accounted for production according to issue dates.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Ø The Hong Kong and Shanghai Banking Corporation Limited, Hong Kong Bank Building, 52/60, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India Ø United Bank of India, 25, Sir P M Road, Mumbai, Maharashtra, India Ø HDFC Bank Limited, Motwani Chambers, Maneckji Wadia Fort, Mumbai, Maharashtra, India Ø Bank of India, Mumbai, Maharashtra, India Ø Bank of Baroda, Mumbai, Maharashtra, India Ø Punjab National Bank, Illaco House, Port, Bombay – 400001, Maharashtra, India Ø Indian Bank, Mumbai, Maharashtra, India Ø Deutsche Bank, Mumbai, Maharashtra, India Ø Standard Chartered Bank, 90, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India Ø Citibank NA, Mumbai, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lodha and Company Chartered Accountants |
|
Address : |
6, Karim Chambers, 40, Ambalala Doshi Marg, Mumbai-400023,
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABFL1893K |
|
|
|
|
Joint ventures : |
Ø Metropolitan Media
Company Private Limited [U22121KA2006PLC062825] Ø Aegon Religare
Life Insurance Company Limited [U66010MH2007PLC169110] Ø Tatva Public
Relations Private Limited (upto 28.03.2011) Ø Prana Pr Private
Limited [U75110MH2007PTC177018] |
|
|
|
|
Subsidiaries : |
Ø 21st Century
Constructions Limited [U74999DL1985PLC123961] Ø A2zShopping
Limited [U51109DL2008PLC184883] Ø Aadidev
Properties Limited [U70100MH2006PLC160897] Ø Alternate Brand
Solutions (India) Limited [U92190MH2007PLC175549] Ø Anagha Estates
Limited [U70100MH2006PLC160898] Ø Artha Broking
Services Limited [U67190MH2007PLC172704] Ø Artha
Commodities Limited [U74900MH2007PLC175148] Ø Artha Credit
Private Limited [U65990MH1995PTC091027] Ø Artha
Distribution Services Limited [U74990MH2007PLC174687] Ø Artha Financial
Services Limited [U65990MH2008PLC178673] Ø Artha Forex
Services Limited [U74990MH2007PLC174688] Ø Artha Insurance
Broking Services Limited [U67200MH2007PLC172680] Ø Aryabhata
Properties Limited [U70100MH2006PLC160896] Ø Ativeer
Properties Limited [U70101DL2010PLC209333] Ø Banhem Estates
and IT Parks Limited [U65990MH1983PLC029209] Ø Bennett Property
Holdings Company Limited [U70102MH2010PLC211087] Ø Bennett
Broadcasting and Distribution Services Limited [U92100MH2008PLC179750] Ø Brand Equity
Treaties Limited [U74300MH2008PLC184669] Ø Centre for
Excellence in Management Training and Development [U74140MH2008NPL187724] Ø Dharmayug
Investments Limited [U65993MH1983PLC030615] Ø Entertainment
Network (India) Limited [L92140MH1999PLC120516] Ø Golden Square
Networks Limited Ø Media Network
and Distribution Services Limited [U92412MH2010PLC208138] Ø Mind Games Shows
Private Limited [U74990MH2009PTC190636] Ø Mirchi Movies
(India) Limited [U92120MH2007PLC167123] Ø One Golden
Square Creative Limited Ø Nandeeshwar
Properties Limited [U70100DL2010PLC209471] Ø PT Ventures
Private Limited Ø Rajdhani
Printers Limited [U74899DL1901PLC023944] Ø Satyam
Properties and Finance Limited [U70109DL1986PTC163888] Ø Shubhan
Properties Limited [U70100MH2006PLC160899] Ø SMG Digital
Radio Limited Ø Surge
Enterprises Limited [U18109MH1992PLC068085] Ø Speaking Tree
Properties Limited [U70101DL2010PLC209337] Ø Suryashankar
Properties Limited [U70100MH2006PLC160900] Ø Sushena
Properties Limited [U70100MH2006PLC160895] Ø Times Business
Solutions Limited [U92100DL2005PLC173555] Ø Times Digital
Limited [U72300DL2007PLC165449] Ø Times Global
Broadcasting Company Ltd. [U32109MH1986PLC168454] Ø Times Guaranty
Limited [L65920MH1989PLC054398] Ø Times
Infotainment Media Limited [U72900MH2002PLC134966] Ø Times Innovative
Media Private Limited [U99999MH2005PLC157078] Ø Times Internet
(UK) Limited, UK Ø Times Internet
Inc, USA Ø Times Internet
Limited [U74999DL1999PLC135531] Ø Times Journal
India Private Limited [U22121DL2004PLC126751] Ø Times of Money
Financial Services Limited Ø Times of Money
Inc (USA) Ø Times of Money
Limited [U67190MH2000PLC126353] Ø Times of Money
UK, PLC (UK) Ø Times Websol
Limited [U72200DL2008PLC184870] Ø Times Yoga
Limited [U74999DL2007PLC165200] Ø Times Mobile
Limited [U72900DL2008PLC185013] Ø TIML Global
Limited Ø TIML Golden
Square Limited Ø TIML Radio
Holdings Limited Ø TIML Digital
Radio Limited Ø TIML Radio
Limited Ø TOM Payment
Solutions Limited [U74900MH2007PLC174653] Ø Vaidehi Estates
Limited [U45203MH2006PLC160915] Ø Vardhaman
Publishers Limited [U22120MH1985PLC036799] Ø Times VPL
Limited [U02212KA2003PLC032182] Ø Zoom Entertainment
Network Limited [U74992MH2006PLC163048] Ø Zoom Movies (TV)
Limited [U92412MH2010PLC202021] Ø Worldwide Media
Private Limited (subsidiary w.e.f.07.10.2011) [U22120MH2003PTC142239] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
286,955,424 |
Equity Shares |
Rs. 10/- each |
Rs. 2869.554
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 (12 Months) |
31.03.2010 (8 Months) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
2869.554 |
318.839 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
54104.956 |
47168.369 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
56974.510 |
47487.208 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
4683.922 |
|
|
TOTAL BORROWING |
|
0.000 |
4683.922 |
|
|
DEFERRED TAX LIABILITIES |
|
11.314 |
2.169 |
|
|
|
|
|
|
|
|
TOTAL |
|
56985.824 |
52173.299 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
15670.734 |
17287.435 |
|
|
Capital work-in-progress |
|
4023.713 |
2871.933 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
38928.122 |
37124.795 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
4753.236
|
2979.859
|
|
|
Sundry Debtors |
|
2026.848
|
1979.409
|
|
|
Cash & Bank Balances |
|
2200.086
|
1536.437
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
10315.794
|
10345.431
|
|
Total
Current Assets |
|
19295.964
|
16841.136
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
6562.882
|
5933.291
|
|
|
Other Current Liabilities |
|
13669.200
|
15721.102
|
|
|
Provisions |
|
700.627
|
297.607
|
|
Total
Current Liabilities |
|
20932.709
|
21952.000
|
|
|
Net Current Assets |
|
(1636.745)
|
(5110.864)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
56985.824 |
52173.299 |
|
Note: Balance Sheet Statement
for the current year i.e. 2011-2012 is not available only Profit and Loss
Statement is available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 (12 Months) |
31.03.2010 (8 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
47975.500 |
45319.900 |
24765.481 |
|
|
|
Other Income |
848.500 |
2468.200 |
759.596 |
|
|
|
TOTAL (A) |
48824.000 |
47788.100 |
25525.077 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
14829.800 |
12469.200 |
18070.559 |
|
|
|
Purchases of stock-in-trade |
70.200 |
61.800 |
|
|
|
|
Employee benefit expense |
8185.800 |
6802.200 |
|
|
|
|
Other expenses |
15835.200 |
12263.600 |
|
|
|
|
TOTAL (B) |
38921.000 |
31596.800 |
18070.559 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9903.000 |
16191.300 |
7454.518 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
46.500 |
257.100 |
249.704 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9856.500 |
15934.200 |
7204.814 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2292.200 |
2242.700 |
1465.767 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7564.300 |
13691.500 |
5739.047 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2191.100 |
4383.800 |
3216.434 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5373.200 |
9307.700 |
2522.613 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Publications |
19.900 |
19.300 |
16.999 |
|
|
|
Cassettes/ CDs |
8.300 |
3.800 |
3.174 |
|
|
|
Advertisement Income |
477.800 |
510.000 |
279.067 |
|
|
|
Other income |
53.000 |
14.500 |
9.818 |
|
|
TOTAL EARNINGS |
559.000 |
547.600 |
309.058 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
12517.800 |
11884.800 |
4189.116 |
|
|
|
Spares Parts |
337.800 |
300.800 |
286.838 |
|
|
|
Capital Goods |
980.000 |
1559.300 |
370.162 |
|
|
|
Traded Products |
0.000 |
0.100 |
2.967 |
|
|
TOTAL IMPORTS |
13835.600 |
13745.000 |
4849.083 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
18.72 |
32.44 |
8.79 |
|
|
|
Diluted
|
18.49 |
32.03 |
8.79 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 (12 Months) |
31.03.2010 (8 Months) |
|
PAT / Total Income |
(%) |
11.01
|
19.48
|
9.88
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.77
|
30.21
|
23.17
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
39.16
|
16.82
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.24
|
0.12
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
NA
|
0.00
|
0.10
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
0.92
|
0.77
|
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 |
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 |
-- |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 (12 Months) |
|
|
|
|
|
Rupee term loans banks unsecured |
|
(A)1262.027 |
|
Loans subsidiaries unsecured |
|
3419.433 |
|
Other debt unsecured |
|
(B) 2.462 |
|
Total |
NA |
4683.922 |
|
Note: (A) Banks
(Buyers' Credit) (B) Bodies Corporate |
||
CORPORATE
INFORMATION
Subject is primarily
engaged in the business of publication of newspapers. The Company publishes the
highest selling English broadsheet daily in the world, i.e., The Times of
India. Apart from this the Company publishes newspapers like. The Economic
Times, Navbharat Times, Maharashtra Times, etc. It also houses two television
channels zoom and ET Now. The Company has subsidiaries which are engaged in the
areas of internet, e-commerce, radio, television, out of home, etc.
CONTINGENT
LIABILITIES NOT PROVIDED FOR:
|
Particular |
31.03.2011 (Rs.
in Millions) |
|
Claims against the company no acknowledged as debts labour claims |
39.683 |
|
Others excluding cases with remote probability as per legal opinion
obtained. |
46.937 |
|
Disputes sales tax matter (includes interest up to the date of
demand.) |
27.154 |
|
Corporate guarantees given to bankers for credit facilities availed by
subsidiary companies |
3144.670 |
|
Uncalled liability on partly paid shares |
323.000 |
|
Estimated amount of contracts remaining to be executed on capital
account |
12798.450 |
|
|
|
|
Total |
16379.894 |
FIXED ASSETS:
Ø Land (Leased and Freehold)
Ø Land and Building (Leased and Freehold)
Ø Building
Ø Plant and machinery
Ø Furniture and Fixture
Ø Office equipments
Ø Vehicles
Ø Drawing and Business commercial rights
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. 59.85 |
|
|
1 |
Rs. 92.31 |
|
Euro |
1 |
Rs. 78.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
10 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
82 |
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.