Summary Information
|
Country |
|
||
|
Company Name |
KASTURI
AND SONS LIMITED |
Principal Name 1 |
Mr. Narasimhan Ram |
|
Status |
Good |
Principal Name 2 |
Mr. Narasimhan Murali |
|
Registration # |
18-001091 |
||
|
Street Address |
|
||
|
Established Date |
21.02.1940 |
SIC Code |
-- |
|
Telephone# |
91-44-28413344
/ 8535067/ 28576300 |
Business Style 1 |
Printing |
|
Fax # |
91-44-28415325
/ 28551046 |
Business Style 2 |
Publishing |
|
Homepage |
Product Name 1 |
The Hindu (daily) |
|
|
# of employees |
-- |
Product Name 2 |
The Hindu Business Line (daily) |
|
Paid up capital |
Rs. 17,600,000/- |
Product Name 3 |
The Sportstar (Weekly) |
|
Shareholders |
Foreign holdings - 16.40% Bodies corporate - 3.07% Directors or relatives of Directors - 80.53% |
Banking |
Central
Bank of India Limited |
|
Public Limited Corp. |
No |
Business Period |
73 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A (59) |
|
Related
Company |
|||
|
Relation
|
Country |
Company
Name |
CEO |
|
Associates/Subsidiaries |
-- |
Kasturi Estates Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,617,059,000 |
Current Liabilities |
2,210,169,000 |
|
Inventories |
1,456,929,000 |
Long-term Liabilities |
3,021,240,000 |
|
Fixed Assets |
6,690,785,000 |
Other Liabilities |
876,475,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
6,107,884,000 |
|
Invest& other Assets |
208,195,000 |
Retained Earnings |
5,847,484,000 |
|
|
|
Net Worth |
5,865,084,000 |
|
Total Assets |
11,972,968,000 |
Total Liab. & Equity |
11,972,968,000 |
|
Total Assets (Previous Year) |
11,174,856,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
9,917,939,000 |
Net Profit |
580,266,000 |
|
Sales(Previous yr) |
9,454,748,000 |
Net Profit(Prev.yr) |
402,073,000 |
MIRA INFORM REPORT
|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
KASTURI AND SONS LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.02.1940 |
|
|
|
|
Com. Reg. No.: |
18-001091 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.600
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110TN1940PLC001091 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK00065C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3000H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited
Liability Company |
|
|
|
|
Line of Business
: |
The company acts as publishers. The company is engaged in
printing, publishing and circulating of magazines and newspapers. It also acts as importers and exporters. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 23000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist ` |
|
|
|
|
Comments : |
Subject is a well established and reputed company having a fine track record.
Financial position of the company appears to be sound. Trade relations are
reported as decent. Business is active. Payments are reported to be regular
and as per commitments. The company can be considered good for business dealing at usual trade
terms and conditions |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 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.
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-44-28413344 / 8535067/ 28576300 |
|
Fax No.: |
91-44-28415325 / 28551046 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Located At:
Also located At:
|
DIRECTORS
As on: 30.07.2012
|
Name : |
Mr. Ram Narsimhan |
|
Designation : |
Whole Time Director |
|
Address : |
43B Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
04.05.1945 |
|
Qualification : |
M.,A, M.S (Journalism), |
|
Experience : |
42 Years |
|
Date of Appointment : |
21.06.2001 |
|
DIN No.: |
00141557 |
|
|
|
|
Name : |
Mr. Murali Narasimhan |
|
Designation : |
Managing Director |
|
Address : |
260-A, TTK Road,Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
11.08.1946 |
|
Qualification : |
B.Com, A.C.A |
|
Experience : |
39 Years |
|
Date of Appointment : |
13.11.2011 |
|
DIN No.: |
00141517 |
|
|
|
|
Name : |
Mr. Kasturi Balaji |
|
Designation : |
Whole Time Director |
|
Address : |
43/3, Kasturi Ranga Road,Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
24.09.1955 |
|
Qualification : |
B.com, M.M.S |
|
Experience : |
31 Years |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
00141713 |
|
|
|
|
Name : |
Mr. Ravi Narasimhan |
|
Designation : |
Whole Time Director |
|
Address : |
43A, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
01.01.1948 |
|
Qualification : |
M.A, B.L |
|
Experience : |
36 Years |
|
Date of Appointment : |
23.07.2010 |
|
DIN No.: |
00141587 |
|
|
|
|
Name : |
Mrs. Nirmala Lakshmanan |
|
Designation : |
Whole Time Director |
|
Address : |
30A, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
30.01.1954 |
|
Qualification : |
M.A, Ph.D |
|
Experience : |
30 Yearss |
|
Date of Appointment : |
04.03.2011 |
|
DIN No.: |
00141632 |
|
|
|
|
Name : |
Mrs. Nalini Krishnan |
|
Designation : |
Whole Time Director |
|
Address : |
7A, Parthasarathy Garden, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
13.10.1956 |
|
Qualification : |
M.D |
|
Experience : |
17 Years |
|
Date of Appointment : |
21.06.2011 |
|
DIN No.: |
00141641 |
|
|
|
|
Name : |
Mrs. Malini Parthsarathy |
|
Designation : |
Whole Time Director-Joint Editor |
|
Address : |
280, J J Road,Off T.T.K. Road, Chennai – 600 018, Tamilnadu, India |
|
Date of Birth/Age : |
15.08.1959 |
|
Qualification : |
M.S. (Journalism), |
|
Date of Appointment : |
21.06.2011 |
|
DIN No.: |
00141685 |
|
|
|
|
Name : |
Mr. Ramesh Rangarajan |
|
Designation : |
Whole Time Director |
|
Address : |
7, Parthasarathy Garden,Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
18.10.1959 |
|
Qualification : |
B.A |
|
Date of Appointment : |
21.06.2011 |
|
DIN No.: |
00141701 |
|
|
|
|
Name : |
Mr. Kasturi Venugopal |
|
Designation : |
Whole Time Director |
|
Address : |
43/4, Kasturi Ranga Road,Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
18.08.1957 |
|
Qualification : |
M.A, M.S. (Journalism) |
|
Date of Appointment : |
05.07.2010 |
|
DIN No.: |
00141736 |
|
|
|
|
Name : |
Mr. Srinath Lakshmi |
|
Designation : |
Director |
|
Address : |
60, First Main Road, R A Puram, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
23.09.1959 |
|
Qualification : |
B.A, C.LIB, SC |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00141755 |
|
|
|
|
Name : |
Mr. Akila Vijay Iyengar |
|
Designation : |
Whole Time Director |
|
Address : |
65, Coronation Road, Singapore-269464 |
|
Date of Birth/Age : |
20.06.1965 |
|
Date of Appointment : |
01.10.2008 |
|
DIN No.: |
00141804 |
|
|
|
|
Name : |
Mr. Vijaya Arun |
|
Designation : |
Whole Time Director |
|
Address : |
122, St. Mary’s Road, Chennai-600018, |
|
Date of Birth/Age : |
11.04.1963 |
|
Qualification : |
M.Sc, PG Diploma in Pre-primary education and in Techning Young Hearing impaired |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
01343692 |
KEY EXECUTIVES
|
Name : |
Mr. S. Padmanabhan |
|
Designation : |
Secretary |
|
Address : |
New No.59, first Main Road, CIT Nagar, Chennai-600035, Tamilnadu,
India |
|
Date of Birth/Age : |
12.04.1968 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AAKPP8312L |
MAJOR SHAREHOLDERS
As on: 30.07.2012
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.07.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
16.40 |
|
Bodies corporate |
3.07 |
|
Directors or relatives of Directors |
80.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company acts as publishers. The company is engaged in
printing, publishing and circulating of magazines and newspapers. It also acts as importers and exporters. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Central Bank of India Limited, Addison Buildings,
803, Anna Salai, Chennai-600002, Tamilnadu, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel, West, Mumbai-400013, Maharashtra, India ·
ICICI Bnk limited, Landmark Race Cource
Circle, Alkapuri, Baroda-390 015, Gujarat, India |
|
|
|
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Brahmayya and Company Chartered Accountants |
|
Address : |
45, |
|
PAN.: |
AAAFB2481J |
|
|
|
|
Associates/Subsidiaries : |
Kasturi Estates Private Limited CIN No.: U70101TN1948PTC001117 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
176000 |
Equity Shares |
Rs.10/- each |
Rs.17.600
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
17.600 |
17.600 |
17.600 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5847.484 |
5471.768 |
5243.666 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5865.084 |
5489.368 |
5261.266 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2184.777 |
2435.266 |
3386.319 |
|
|
2] Unsecured Loans |
836.463 |
790.267 |
817.881 |
|
|
TOTAL BORROWING |
3021.240 |
3225.533 |
4204.200 |
|
|
DEFERRED TAX LIABILITIES |
411.217 |
466.314 |
425.613 |
|
|
|
|
|
|
|
|
TOTAL |
9297.541 |
9181.215 |
9891.079 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6690.785 |
6528.871 |
7013.284 |
|
|
Capital work-in-progress |
208.070 |
35.965 |
142.018 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.125 |
0.125 |
50.125 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1456.929
|
1349.840
|
1073.245
|
|
|
Sundry Debtors |
1888.385
|
1816.569
|
1510.800
|
|
|
Cash & Bank Balances |
459.796
|
456.482
|
534.114
|
|
|
Other Current Assets |
346.770
|
60.373
|
70.491
|
|
|
Loans & Advances |
922.108
|
926.631
|
799.621
|
|
Total
Current Assets |
5073.988
|
4609.895
|
3988.271
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
531.665
|
1333.507
|
757.333
|
|
|
Other Current Liabilities |
1678.504
|
271.638
|
270.963
|
|
|
Provisions |
465.258
|
388.496
|
294.323
|
|
Total
Current Liabilities |
2675.427
|
1993.641
|
1322.619
|
|
|
Net Current Assets |
2398.561
|
2616.254
|
2665.652
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
9297.541 |
9181.215 |
9891.079 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
9917.939 |
9454.748 |
7704.802 |
|
|
|
Other Income |
206.121 |
220.660 |
176.927 |
|
|
|
TOTAL (A) |
10124.060 |
9675.408 |
7881.729 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2945.321 |
-- |
-- |
|
|
|
Consumption materials changes inventories |
-- |
3011.420 |
2769.165 |
|
|
|
Manufacturing service costs |
-- |
429.349 |
374.511 |
|
|
|
Employee benefit expense |
3143.178 |
|
|
|
|
|
Employee related expenses |
-- |
2732.724 |
2035.245 |
|
|
|
Administrative selling other expenses |
-- |
1655.124 |
1230.997 |
|
|
|
Other Expenses |
2131.496 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
8219.995 |
7828.617 |
6409.918 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1904.065 |
1846.791 |
1471.811 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
359.139 |
350.960 |
371.582 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1544.926 |
1495.831 |
1100.229 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
750.652 |
743.033 |
699.222 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
794.274 |
752.798 |
401.007 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
214.008 |
350.725 |
84.144 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
580.266 |
402.073 |
316.863 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
2590.453 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim dividend paid during the year |
0.000 |
NA |
(8.800) |
|
|
|
Provision for Deferred Tax / Taxation / FBT |
2140.008 |
-- |
-- |
|
|
|
Interim dividend paid after the close of
the years |
0.000 |
NA |
(26.400) |
|
|
|
Proposed dividend |
0.000 |
NA |
(26.400) |
|
|
|
Dividend on Equity Shares including Dividend Tax |
204.552 |
-- |
-- |
|
|
|
Dividend tax |
0.000 |
NA |
(10.265) |
|
|
|
Transfer to general reserve |
58.027 |
NA |
(31.700) |
|
|
BALANCE CARRIED
TO THE B/S |
3309.336 |
NA |
2803.751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Export Earnings |
46.213 |
NA |
0.908 |
|
|
|
Royalty |
|
NA |
9.594 |
|
|
|
Interest |
|
NA |
0.465 |
|
|
|
Advertisement and Other |
|
NA |
30.895 |
|
|
TOTAL EARNINGS |
46.213 |
NA |
41.862 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
1125.896 |
|
|
|
Stores & Spares |
NA |
NA |
58.397 |
|
|
|
Capital Goods |
NA |
NA |
1161.890 |
|
|
TOTAL IMPORTS |
NA |
NA |
2346.183 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3296.97 |
2284.50 |
1800.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.73
|
4.16
|
4.02
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.01
|
7.96
|
5.21
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.75
|
6.76
|
3.65
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.14
|
0.07
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.52
|
0.59
|
0.80
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.90
|
2.31
|
3.02
|
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS AND
OUTLOOK
The Company’s overall performance during the financial year 2011-12 has been excellent, considering the slowing down of the economy, volatile exchange rate and very low industrial growth. The Company achieved its highest turnover ever of Rs. 10123.900 Millions as against Rs. 9675.400 Millions during the previous year, registering a growth of around 3% and resulting in an operating profit of Rs. 794.200 Millions as against Rs. 752.700 Millions in the previous year.
The circulation copies of The Hindu decreased by 0.98 per cent between the periods July- December 2010 (ABC 15,15,158) and July-December 2011 (ABC 15,00,365). The circulation copies of The Hindu Business Line decreased by 8.06 per cent between the periods 3 July-December 2010 (ABC 1,81,235) and July – December 2011 (1,66,625)
UNSECURED LOAN:
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long Term
Borrowing |
|
|
|
Deposits from others |
185.625 |
|
|
Loans and advances from others |
13.152 |
|
|
Short Term
Borrowing |
|
|
|
Working capital loans from banks |
630.628 |
|
|
Deposits from others |
7.058 |
|
|
Total |
836.463 |
790.267 |
BANKERS CHARGES
REPORT AS PER REGISTRY:
|
Corporate
identity number of the company |
U22110TN1940PLC001091 |
|
Name of the
company |
KASTURI &
SONS LIMITED |
|
Address of the
registered office or of the principal place of business in |
Kasturi Building, 859 and 860 Anna Salai, Chennai – 600002, Tamil Nadu, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10371073 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel W, Mumbai – 400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum of
Entry dated 19.11.2012 executed by ICICI Bank. |
|
Date of
instrument Creating the charge |
19.11.2012 |
|
Amount secured by
the charge |
Rs.500.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 11.25% per annum
or as advised by the Bank from time to time. Terms of Repayment 16 equal
quarterly installments from the date of draw down after a moratorium of 9 months. Margin 25% or as advised
by the Bank from time to time. Extent and Operation of the charge Mortgage is
created by the Company in favour of lender banks including HDFC Bank Limited in respect of Rupee Term Loan
of Rs.500 million with respect of Company's immovable properties situate at
Chennai, Mdu, Cbe, Mum, Hyd, Vzg, Tvm, ND, Mgl, Try, Vjwda, Kochi and
Bangalore. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Mortgage is
created by the Company in favour of lender banks including HDFC Bank Limited in respect of Rupee Term
Loan of Rs.500 million with respect of Company's immovable properties situate
at Chennai, Mdu, Cbe, Mum, Hyd, Vzg, Tvm, ND, Mgl, Try, Vjwda, Kochi and
Bangalore more specify mentioned in attached MOE dated 19.11.2012 |
|
Particulars of
the present modification |
Mortgage is
created by the Company in favour of lender banks including HDFC Bank Limited in respect of Rupee Term
Loan of Rs.500 million with respect of Company's immovable properties situate
at Chennai, Mdu, Cbe, Mum, Hyd, Vzg, Tvm, ND, Mgl, Try, Vjwda, Kochi and
Bangalore. |
FIXED ASSETS:
Own Assets:
· Leasehold Land
· Freehold Land
· Building
· Plant and Machinery
· Electrical Installations
· Office Machinery
· Furniture
· Vehicles
Leased Assets:
- Vehicles
- Computers
- Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.54.44 |
|
|
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
59 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.