1. Summary Information
|
Country |
|
||
|
Company Name |
SAKAL PAPERS PRIVATE LIMITED |
Principal Name 1 |
Mr. Pratap Govind
Pawar |
|
Status |
Good |
Principal Name 2 |
Mr. Abhijit
Pratap Pawar |
|
Registration # |
11-006177 |
||
|
Street Address |
595, Budhwar
Peth, Pune – 411002, |
||
|
Established Date |
16.02.1948 |
SIC Code |
-- |
|
Telephone# |
91-20-24455500/
24455501 |
Business Style 1 |
Printing |
|
Fax # |
91-20-24450583 |
Business Style 2 |
Publishing |
|
Homepage |
Product Name 1 |
News Papers |
|
|
# of employees |
Not Available |
Product Name 2 |
Multimedia Activities |
|
Paid up capital |
Rs.174,362/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate - 80.30% Directors or relatives of directors - 19.65% Other top fifty shareholders - 0.05% |
Banking |
Bank
of |
|
Public Limited Corp. |
NO |
Business Period |
65 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(53) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary Company |
|
Foxberry Pte. Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,881,450,000 |
Current Liabilities |
1,140,833,000 |
|
Inventories |
693,536,000 |
Long-term Liabilities |
619,186,000 |
|
Fixed Assets |
1,462,667,000 |
Other Liabilities |
691,009,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,451,028,000 |
|
Invest& other Assets |
43,382,000 |
Retained Earnings |
1,629,833,000 |
|
|
|
Net Worth |
1,630,007,000 |
|
Total Assets |
4,081,035,000 |
Total Liab. & Equity |
4,081,035,000 |
|
Total Assets (Previous Year) |
3,702,239,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
4,381,500,000 |
Net Profit |
223,200,000 |
|
Sales(Previous yr) |
4,278,400,000 |
Net Profit(Prev.yr) |
76,300,000 |
MIRA INFORM REPORT
|
Report Date : |
11.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAKAL PAPERS PRIVATE LIMITED (w.e.f. 16.06.2011) |
|
|
|
|
Formerly Known
As : |
SAKAL PAPERS
LIMITED |
|
|
|
|
Registered
Office : |
595, Budhwar
Peth, Pune – 411002, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.02.1948 |
|
|
|
|
Com. Reg. No.: |
11-006177 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.174 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121PN1948PTC006177
(New) U22121PN1948PLC006177
(Old) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS03468D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS7605Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Printing and Publishing of News Papers and Multimedia Activities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6520000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Sakal Group. It is a well-established and a
reputed publisher of Sakal Newspapers. Sales turnover and profit margins of the company appears to be decent.
Overall fundaments of the company appears to be strong and healthy. Trade relations are fair. Business is active. Payment terms are
regular. The company can be considered 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.
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 |
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in place
to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A- (Long Term Bank Facilities) |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
September 5, 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
A1 (Short Term Bank Facilities) |
|
Rating Explanation |
Very strong degree and lowest credit risk. |
|
Date |
September 5, 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.
LOCATIONS
|
Registered
Office/ Editorial Sales/ Sakaal Social Foundation / Head Office : |
595, Budhwar
Peth, Pune – 411002, Maharashtra, India |
|
Tel. No.: |
91-20-24455500 /
24455501 / 24455588 / 24455500 / 24405500 |
|
Fax No.: |
91-20-24450583 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administration
Office : |
154, Jerbai Wadia
Road, Behind Tata Hospital, Parel, Mumbai – 400012, Maharashtra, India |
|
Tel. No.: |
91-22-24158104 /
24160986 |
|
Fax No.: |
91-22-24186984 |
|
|
|
|
Factory : |
Located
At :
|
DIRECTORS
As on: 03.08.2013
|
Name : |
Mr. Pratap Govind
Pawar |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
S No. 73, |
|
Date of Birth/Age : |
15.10.1944 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
24.05.2008 |
|
DIN No.: |
00018985 |
|
|
|
|
Name : |
Mr. Abhijit Pratap
Pawar |
|
Designation : |
Managing Director |
|
Address : |
S No. 73, |
|
Date of Birth/Age : |
17.02.1972 |
|
Qualification : |
Graduate |
|
PAN No.: |
AFPPP7465L |
|
Date of Appointment : |
24.05.2008 |
|
DIN No.: |
00018998 |
|
|
|
|
Name : |
Mrs. Mrunalini
Abhijit Pawar |
|
Designation : |
Director |
|
Address : |
S No. 73, |
|
Date of Birth/Age : |
22.10.1976 |
|
Date of Appointment : |
20.09.2008 |
|
DIN No.: |
00025225 |
|
|
|
|
Name : |
Mr. Shrikrishna
Narhar Inamdar |
|
Designation : |
Director |
|
Address : |
2A, Ameya
Apartment, Near Kirti College 1193 B Kashi Dhuru Marg, Mumbai – 400028, Maharashtra,
India |
|
Date of Birth/Age : |
06.05.1945 |
|
Date of Appointment : |
22.06.2005 |
|
DIN No.: |
00025180 |
|
|
|
|
Name : |
Mr. Raghunath Anant Mashelkar |
|
Designation : |
Director |
|
Address : |
Raghunath, D/ 4, Varsha Path, Aundh, Pune – 411 045, |
|
Date of Birth/Age : |
01.01.1943 |
|
Date of Appointment : |
20.09.2008 |
|
DIN No.: |
00074119 |
|
|
|
|
Name : |
Mr. Bhalchandra
Vasudeo Tambe |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
28.06.1940 |
|
Date of Appointment : |
20.09.2008 |
|
DIN No.: |
01121122 |
|
|
|
|
Name : |
Mrs. Supriya
Sadanand Sule |
|
Designation : |
Director |
|
Address : |
House No. 2,
First Floor, Silver Oak Estate, |
|
Date of Birth/Age : |
30.06.1969 |
|
Date of Appointment : |
30.12.1996 |
|
DIN No.: |
00622228 |
|
|
|
|
Name : |
Ms. Lila Claude
Parulekar |
|
Designation : |
Whole Time
Director |
|
Address : |
4-A |
|
Date of Birth/Age : |
31.01.1936 |
|
Date of Appointment : |
06.09.1977 |
|
DIN No.: |
02368528 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 03.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Pratap Govind
Pawar |
|
200 |
|
Yashad Hospital
Private Limited, |
|
10904 |
|
APP Media Private
Limited, |
|
23996 |
|
Pratap Govind Pawar
Joint with APP Media Private Limited, India |
|
200 |
|
Panhala
Investment Private Limited, |
|
20000 |
|
Temblai
Investment Private Limited, India |
|
15104 |
|
Chandrashekhar
Hari Joshi |
|
42 |
|
Abhijit Pratap
Pawar |
|
16735 |
|
|
|
|
|
Total |
|
87181 |
Equity Share Break up (Percentage of Total Equity)
As on: 03.08.2013
|
Category |
|
Percentage |
|
Bodies corporate |
|
80.30 |
|
Directors or relatives of directors |
|
19.65 |
|
Other top fifty shareholders |
|
0.05 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of News Papers and Multimedia Activities. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. M. Oka and Company Chartered Accountants |
|
Address : |
32, Swapna Nagri, |
|
Tel. No.: |
91-20-30287900/ 30287500 |
|
Fax No.: |
91-20-25440143 |
|
E-Mail : |
|
|
PAN.: |
AABFG1894M |
|
|
|
|
Subsidiary Company
: |
Foxberry Pte. Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.2/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
87181 |
Equity Shares |
Rs.2/- each |
Rs.0.174 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.174 |
8.718 |
|
(b) Reserves & Surplus |
|
1629.833 |
1429.208 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
1630.007 |
1437.926 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
282.500 |
168.205 |
|
(b) Deferred tax liabilities (Net) |
|
44.636 |
41.532 |
|
(c) Other long term liabilities |
|
112.490 |
94.111 |
|
(d) long-term provisions |
|
83.854 |
65.860 |
|
Total Non-current
Liabilities (3) |
|
523.480 |
369.708 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
336.686 |
331.712 |
|
(b) Trade payables |
|
954.835 |
670.195 |
|
(c) Other current liabilities |
|
73.508 |
323.240 |
|
(d) Short-term provisions |
|
562.519 |
569.458 |
|
Total Current
Liabilities (4) |
|
1927.548 |
1894.605 |
|
|
|
|
|
|
TOTAL |
|
4081.035 |
3702.239 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1441.600 |
1570.170 |
|
(ii) Intangible Assets |
|
21.067 |
21.360 |
|
(iii) Capital work-in-progress |
|
17.182 |
18.495 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
26.200 |
26.109 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
168.678 |
88.087 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1674.727 |
1724.221 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
693.536 |
422.479 |
|
(c) Trade receivables |
|
769.926 |
730.220 |
|
(d) Cash and cash equivalents |
|
242.534 |
159.580 |
|
(e) Short-term loans and advances |
|
700.312 |
665.739 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current
Assets |
|
2406.308 |
1978.018 |
|
|
|
|
|
|
TOTAL |
|
4081.035 |
3702.239 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
8.718 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1356.461 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1365.179 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
953.152 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
953.152 |
|
|
DEFERRED TAX LIABILITIES |
|
|
33.266 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2351.597 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1697.418 |
|
|
Capital work-in-progress |
|
|
36.209 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
26.274 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
294.756
|
|
|
Sundry Debtors |
|
|
702.904
|
|
|
Cash & Bank Balances |
|
|
270.903
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
208.044
|
|
Total
Current Assets |
|
|
1476.607
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
880.768 |
|
|
Other Current Liabilities |
|
|
4.143
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
884.911
|
|
|
Net Current Assets |
|
|
591.696
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2351.597 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Circulation Income |
1052.400 |
931.400 |
842.217 |
|
|
|
Advertisement Income |
3329.100 |
3347.000 |
3121.796 |
|
|
|
Other Operating Income |
230.400 |
229.700 |
201.534 |
|
|
|
Other Income |
43.000 |
62.400 |
57.784 |
|
|
|
TOTAL (A) |
4654.900 |
4570.500 |
4223.331 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumption |
2146.100 |
2103.600 |
2138.638 |
|
|
|
Payment to and for employees |
696.300 |
657.400 |
569.250 |
|
|
|
Other Operating Expenses |
1239.100 |
1349.100 |
1153.798 |
|
|
|
TOTAL (B) |
4081.500 |
4110.100 |
3861.686 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
573.400 |
460.400 |
361.645 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
124.500 |
166.200 |
100.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
448.900 |
294.200 |
261.083 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
171.200 |
181.800 |
184.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
277.700 |
112.400 |
76.895 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
54.500 |
36.100 |
24.488 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
223.200 |
76.300 |
52.407 |
|
|
|
|
|
|
|
|
|
Add/ Less |
Earlier
Year Adjustments |
(31.100) |
(3.500) |
9.074 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
192.100 |
72.800 |
61.481 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Newsprint |
|
|
557.360 |
|
|
|
Spare parts, blankets etc. |
|
|
0.219 |
|
|
|
Capital Goods |
|
|
5.449 |
|
|
TOTAL IMPORTS |
NA |
NA |
563.028 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2560.19 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.79 |
1.67 |
1.24
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.34 |
2.63 |
1.94
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.88 |
3.07 |
2.42
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.09 |
0.06
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.38 |
0.35 |
0.70
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.04 |
1.67
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Intercorporate borrowings |
282.500 |
121.000 |
|
|
|
|
|
Total |
282.500 |
121.000 |
FINANCIAL PERFORMANCE
The Income from circulation increased to Rs. 1050.000 Millions as compared to Rs. 930.000 Millions of the previous year. Despite a slight decrease in the advertising income from to Rs. 3350.000 Millions in 2011-12 to Rs. 3330.000 Millions in 2012 13, the total income stood at Rs. 4650.000 Millions in year 2012-13 as compared to Rs. 4570.000 Millions in year 2011-12.
On the expenses side, they maintained strict controls over use of newsprint. Also, measures like managing the number of pages, using a lower GSM paper, not compromising on the quality of print, etc were also adopted. As a result, even though the cost of newsprint is increased, it is commensurate with the increase in circulation. However, continuing efferts have been made to control the costs and the consumption of newsprint.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10408063 |
12/02/2013 |
200,000,000.00 |
State Bank of India Commercial Branch |
1548/A OFF TILAK ROAD, SADASHIV PETH, PUNE, MAHARASHTRA - 411030, INDIA |
B69633972 |
|
2 |
10271755 |
25/02/2011 |
80,000,000.00 |
BANK OF MAHARASHTRA |
CORPORATE FINANCE BRANCH, 1183/A,'YASHOMANGAL', F .C.ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
B08099566 |
|
3 |
10243239 |
25/08/2010 |
8,000,000.00 |
COSMOS CO-OP BANK LIMITED |
269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411007, INDIA |
A95820502 |
|
4 |
10243237 |
18/08/2010 |
22,000,000.00 |
THE COSMOS CO-OP BANK LTD |
269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
A95820155 |
|
5 |
10136429 |
17/12/2008 |
50,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, "YASHOMANGAL', F C ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
A54138573 |
|
6 |
90091589 |
25/06/2001 |
45,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A; SADASHIV VILA |
- |
|
7 |
90091173 |
10/02/2000 |
281,590,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SADA SHIV VILAS |
- |
|
8 |
90090830 |
28/11/1998 |
20,000,000.00 |
THE COSMOS CO-OP. BANK LTD. |
269/270; SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
- |
|
9 |
90084694 |
15/02/2013 * |
1,748,100,000.00 |
BANK OF MAHARASHTRA-LEAD BANK |
CORPORATE FINANCE BRANCH, YASHOMANGAL, 1183/1, F. |
B69814978 |
|
10 |
90090303 |
02/05/1996 |
10,000,000.00 |
THE COSMOS CO-OP. BANK LTD. |
269/270; SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
- |
|
11 |
90089557 |
18/05/1990 |
1,000,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; |
- |
|
12 |
90089491 |
22/08/1989 |
3,000,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; |
- |
|
13 |
90089473 |
27/05/1989 |
1,500,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; |
- |
|
14 |
90089310 |
27/06/1986 |
1,000,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; |
- |
|
15 |
90089170 |
12/10/1979 |
45,000.00 |
THE UNITED WESTERN BANK LTD. |
LAXMI ROAD, PUNE, MAHARASHTRA, INDIA |
- |
|
16 |
90089103 |
09/10/1992 * |
400,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; |
- |
|
17 |
90083138 |
11/07/1991 * |
400,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHVAJI NAGAR; |
- |
|
18 |
90089075 |
19/06/1991 * |
1,000,000.00 |
THE UNITED WESTERN BANK LTD. |
LAXMI ROAD BRANCH, 611; BUDHWAR PETH, PUNE, MAHARASHTRA - 411002, INDIA |
- |
|
19 |
90093488 |
20/12/1958 |
60,000.00 |
THE BRITISH INDIA GENERAL INSURANCE COMPANY LTD. |
MEHTA HOUSE, APOLLO STREET, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Computer Software
- Copyrights
- Patents
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.62.73 |
|
|
1 |
Rs.100.92 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
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 |
5 |
|
--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 |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
53 |
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.