MIRA INFORM REPORT

Report Date :

28.11.2013

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) :	31.03.2013
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 246054400
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Exist
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. The company has a strong financial risk profile, marked by large net worth, comfortable gearing, strong debt protection metrics and healthy liquidity. 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 :	padmakar.rao@timesgroup.com kausik.nath@timesgroup.com subramaniam.dharmarajan@timesgroup.com corporate.secretarial@timesgroup.com
Website :	www.timesgroup.com

DIRECTORS

AS ON 28.09.2012

Name :

Mr. Samir Jain

Designation :

Vice-Chairman and 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

Din No.:

00001337

PAN No.:

AEHPJ3016Q

Other Directorship

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74899DL1982GAP144061	Times For India Org	Director	15-10-82	15-10-82	Active	NO
2	L65929DL1947PLC001240	P N B Finance And Industries Limited	Director	29-11-83	29-11-83	Active	NO
3	U22120MH1913PLC000391	Bennett Coleman And Company Limited	Managing director	01-02-10	01-02-85	Active	NO

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 (Mktg)

Date of Appointment :

27.06.2008

Din No.:

00003962

PAN No.:

AEHPJ3012L

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U22120MH1913PLC000391	Bennett Coleman And Company Limited	Managing director	27-06-08	27-06-93	-	Active	NO
2	U74899DL1947PLC103246	The Press Trust Of India Limited	Director	09-12-96	09-12-96	-	Active	NO
3	U80302DL1984NPL019475	Times Centre For Media And Management Studies	Director	17-08-98	17-08-98	11-12-09	Active	NO
4	U74899DL1982GAP144061	Times For India Org	Director	23-10-98	23-10-98	-	Active	NO
5	U74999DL1999PLC135531	Times Internet Limited	Director	04-05-99	04-05-99	-	Active	NO
6	U99999DL1951PLC002023	The Indian Newspaper Society.	Director	20-09-99	20-09-99	06-12-06	Active	NO
7	L65920MH1994PLC080618	Hdfc Bank Limited	Nominee director	14-04-01	14-04-01	27-12-08	Active	NO
8	U72900MH2002PLC134966	Times Infotainment Media Limited	Director	31-12-02	31-12-02	-	Active	NO
9	L74899DL1942PLC000644	Bharat Nidhi Limited	Director	27-09-06	28-04-03	-	Active	NO
10	U22120MH2003PTC142239	Worldwide Media Private Limited	Director	08-03-04	08-03-04	-	Active	NO
11	U22121DL2004PLC126751	Times Journal India Limited	Director	02-06-04	02-06-04	03-06-10	Active	NO
12	U32109MH1986PLC168454	Times Global Broadcasting Company Limited	Director	31-03-05	31-03-05	-	Active	NO
13	U74899DL2000PLC103722	Optimal Media Solutions Limited	Director	25-09-06	25-05-06	-	Amalgamated	NO
14	L92140MH1999PLC120516	Entertainment Network (India) Limited	Director	03-09-07	19-01-07	-	Active	NO
15	U74992MH2006PLC163048	Zoom Entertainment Network Limited	Director	18-06-07	07-05-07	-	Active	NO
16	U51109DL2008PLC184883	A2zshopping Limited	Director	14-11-08	14-11-08	-	Active	NO
17	U72200DL2008PLC184870	Times Websol Limited	Director	14-11-08	14-11-08	-	Active	NO
18	U72900DL2008PLC185013	Timesmobile Limited	Director	18-11-08	18-11-08	-	Active	NO

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

Date of Appointment :

01.04.2011

Din No.:

00003922

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U22120MH1913PLC000391	Bennett Coleman And Company Limited	Whole-time director	01-04-11	01-01-02	-	Active	NO
2	U80302DL1984NPL019475	Times Centre For Media And Management Studies	Director	08-11-02	08-11-02	-	Active	NO
3	L92140MH1999PLC120516	Entertainment Network (India) Limited	Director	31-12-02	31-12-02	-	Active	NO
4	U22121DL2004PLC126751	Times Journal India Limited	Director	02-06-04	02-06-04	03-06-10	Active	NO
5	U22120MH1985PLC036799	Vardhaman Publishers Limited	Director	07-06-06	07-06-06	-	Active	NO
6	U65990MH1983PLC029209	Banhem Estates and It Parks Limited	Director	07-06-06	07-06-06	-	Active	NO
7	U02212KA2003PLC032182	Times Vpl Limited	Director	03-10-07	18-08-06	-	Active	NO
8	U32109MH1986PLC168454	Times Global Broadcasting Company Limited	Director	13-09-06	13-09-06	-	Active	NO
9	U74899DL1982GAP144061	Times For India Org	Director	12-09-07	16-10-06	03-06-10	Active	NO
10	U99999DL1951PLC002023	The Indian Newspaper Society.	Director	27-10-06	27-10-06	-	Active	NO
11	U72900MH2002PLC134966	Times Infotainment Media Limited	Director	04-12-06	04-12-06	-	Active	NO
12	U24999MH1948NPL006309	Audit Bureau Of Circulations	Director	19-01-07	19-01-07	26-09-11	Active	NO
13	U74140DL2007PLC162846	Bennett Advisory Services Limited	Director	03-05-07	03-05-07	03-06-10	Active	NO
14	U74999DL2007PLC165200	Times Yoga Limited	Director	26-06-07	26-06-07	03-06-10	Active	NO
15	L22121GJ1943PLC000183	The Sandesh Limited	Director	20-09-07	30-07-07	-	Active	NO
16	U74999DL1999PLC135531	Times Internet Limited	Director	07-09-09	29-12-08	-	Active	NO
17	U01229DL2007PTC194698	Aquagri Processing Private Limited	Director	29-09-10	16-11-09	-	Active	NO
18	U74992MH2006PLC163048	Zoom Entertainment Network Limited	Director	30-09-10	25-11-09	-	Active	NO
19	U99999MH2005PLC157078	Times Innovative Media Limited	Director	07-09-10	18-01-10	-	Active	NO
20	U80904DL2010NPL200262	Times School Of Marketing and Management	Director	16-03-10	16-03-10	-	Active	NO
21	U80900DL2010NPL200366	Times School Of Journalism	Director	18-03-10	18-03-10	-	Active	NO
22	U92412MH2010PLC202021	Zoom Movies (Tv) Limited	Director	13-04-10	13-04-10	-	Active	NO
23	U74999DL2010PTC203419	Tim Delhi Airport Advertising Private Limited	Director	01-06-10	01-06-10	05-08-10	Active	NO
24	U92412MH2010PLC208138	Media Network and Distribution (India) Limited	Director	24-09-10	24-09-10	-	Active	NO

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

Date of Appointment :

23.10.2007

Din No.:

00087586

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999DL1999PLC135531	Times Internet Limited	Director	10-07-00	10-07-00	25-08-09	Active	NO
2	U67190MH2000PLC126353	Timesofmoney Limited	Director	11-07-00	11-07-00	-	Active	NO
3	L92140MH1999PLC120516	Entertainment Network (India) Limited	Director	07-09-10	01-08-00	-	Active	NO
4	U72900MH2002PLC134966	Times Infotainment Media Limited	Director	30-09-10	09-09-02	-	Active	NO
5	U99999MH1994NPL076530	Media Research Users Council	Additional director	16-09-03	16-09-03	-	Active	NO
6	U22120MH2003PTC142239	Worldwide Media Private Limited	Director	03-12-04	03-12-04	-	Active	NO
7	U74899DL2000PLC103722	Optimal Media Solutions Limited	Director	25-09-06	04-08-05	-	Amalgamated	NO
8	U99999MH2005PLC157078	Times Innovative Media Limited	Director	27-10-05	27-10-05	-	Active	NO
9	U32109MH1986PLC168454	Times Global Broadcasting Company Limited	Director	13-09-06	13-09-06	-	Active	NO
10	U92120MH2007PLC167123	Mirchi Movies (India) Limited	Director	18-01-07	18-01-07	03-02-11	Active	NO
11	U74992MH2006PLC163048	Zoom Entertainment Network Limited	Director	18-06-07	28-05-07	31-03-10	Active	NO
12	U22120MH1913PLC000391	Bennett Coleman And Company Limited	Director	23-10-07	14-09-07	-	Active	NO
13	U92190MH2007PLC175549	Alternate Brand Solutions (India) Limited	Director	31-10-07	31-10-07	-	Active	NO
14	U65990MH2008PLC178673	Artha Financial Services Limited	Nominee director	18-08-08	13-08-08	-	Active	NO
15	U72200DL2008PLC184870	Times Websol Limited	Director	14-11-08	14-11-08	25-08-09	Active	NO
16	U51109DL2008PLC184883	A2zshopping Limited	Director	14-11-08	14-11-08	25-08-09	Active	NO
17	U72900DL2008PLC185013	Timesmobile Limited	Director	18-11-08	18-11-08	25-08-09	Active	NO
18	L99999MH1994PLC080502	Eros International Media Limited	Managing director	04-12-09	01-10-09	11-02-10	Active	NO
19	U74999TN1987PLC014976	Accel Media Ventures Limited	Additional director	03-09-10	03-09-10	-	Active	NO
20	L30007KL1986PLC004485	Accel Transmatic Limited	Additional director	27-09-11	27-09-11	26-12-11	Active	NO
21	L30006TN1995PLC031736	Accel Frontline Limited	Additional director	29-09-11	29-09-11	-	Active	NO

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

Date of Appointment :

23.10.2007

Din No.:

00046081

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U72900MH1993PLC131900	Icici Securities Primary Dealership Limited	Director	27-04-01	27-04-01	07-09-07	Active	NO
2	U66010MH2000PLC127837	Icici Prudential Life Insurance Company Limited	Director	29-11-01	29-11-01	29-08-08	Active	NO
3	U67200MH2000PLC129408	Icici Lombard General Insurance Company Limited	Nominee director	22-03-02	22-03-02	29-08-08	Active	NO
4	L65190GJ1994PLC021012	Icici Bank Limited	Whole-time director	03-05-02	03-05-02	01-06-07	Active	NO
5	U99999DL1993PLC054135	Icici Prudential Asset Management Company Limited	Nominee director	29-06-06	27-10-05	29-08-08	Active	NO
6	U67120MH1995PLC086241	Icici Securities Limited	Additional director	04-04-07	04-04-07	15-10-08	Active	NO
7	L85195AP1984PLC004507	Dr.Reddy's Laboratories Limited	Director	24-07-07	05-06-07	-	Active	NO
8	U22120MH1913PLC000391	Bennett Coleman And Company Limited	Director	23-10-07	14-09-07	-	Active	NO
9	L72200AP1975PLC001970	Cmc Limited	Director	24-06-08	11-03-08	-	Active	NO
10	U72900MH2000PTC124073	J. P. Morgan Services India Private Limited	Director	29-09-08	18-09-08	-	Active	NO
11	U65999MH2006PTC164773	Jpmorgan Asset Management India Private Limited	Director	23-07-10	19-12-08	-	Active	NO

Name :

Mrs. Indu Jain

Designation :

Whole-time Director

Address :

4 Tilak Marg, New Delhi – 110002, India

Date of Birth/Age :

08.09.1936

Date of Appointment :

13.05.1999

Din No.:

00004040

PAN No.:

AEHPJ3014N

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U22120MH1913PLC000391	Bennett Coleman And Company Limited	Whole-time director	01-08-09	13-05-99	-	Active	NO
2	U74899DL1982GAP144061	Times For India Org	Director	12-09-99	12-09-99	-	Active	NO
3	U80302DL1984NPL019475	Times Centre For Media And Management Studies	Director	08-11-02	08-11-02	11-12-09	Active	NO

Name :

Mr. Trishal Jain

Designation :

Whole Time Director

Address :

15, Moti Lal Nehru Marg, New Delhi - 110011, India

Date of Birth/Age :

27.02.1985

Date of Appointment :

01.04.2011

Din No.:

03371538

Name :

Mr. Shrijeet Ramakanta Mishra

Designation :

Whole Time Director

Address :

301, Gitanjali Gardens, 3^rd Floor, 58E, Nepean Sea Road, Rungta Lane, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

22.04.1965

Date of Appointment :

11.08.2011

Din No.:

01894081

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U67120MH1994PTC082045	DIGITAL SECURITIES PRIVATE LIMITED	Director	24-06-08	07-12-07	27-07-11	Active	NO
2	U65990MH1958PLC011060	HINDLEVER TRUST LIMITED	Director	22-06-09	01-08-08	27-07-11	Active	NO
3	U24246TN1981PLC008785	PONDS EXPORTS LIMITED	Director	22-07-10	22-03-10	27-07-11	Active	NO
4	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Whole-time director	11-08-11	11-08-11	-	Active	NO

Name :

Mr. Bhaskar Das

Designation :

Whole Time Director

Address :

C-1, Queens View, 28/30, Walkeshwar Road, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

08.05.1953

Date of Appointment :

07.12.2004

Din No.:

00055594

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U22120MH2003PTC142239	Worldwide Media Private Limited	Director	03-12-04	03-12-04	-	Active	NO
2	U91200MH1985GAP037820	The Advertising Standards Council Of India	Director	12-08-05	12-08-05	-	Active	NO
3	U74899DL2000PLC103722	Optimal Media Solutions Limited	Director	25-09-06	25-05-06	-	Amalgamated	NO
4	U02212KA2003PLC032182	Times Vpl Limited	Director	03-10-07	18-08-06	-	Active	NO
5	U99999MH1994NPL076530	Media Research Users Council	Director	29-09-06	29-09-06	-	Active	NO
6	U74992MH2006PLC163048	Zoom Entertainment Network Limited	Director	18-06-07	28-05-07	-	Active	NO
7	U65990MH1983PLC029209	Banhem Estates and It Parks Limited	Director	10-09-07	27-06-07	-	Active	NO
8	L65920MH1989PLC054398	Times Guaranty Limited	Director	12-09-07	28-06-07	-	Active	NO
9	U18109MH1992PLC068085	Surge Enterprises Limited	Director	28-09-07	29-06-07	-	Active	NO
10	U22120MH1985PLC036799	Vardhaman Publishers Limited	Director	28-09-07	29-06-07	-	Active	NO
11	U70102MH2007PLC167606	Planet 'M' Retail Limited	Additional director	29-06-07	29-06-07	02-11-07	Active	NO
12	U99999DL1951PLC002023	The Indian Newspaper Society.	Director	19-09-07	19-09-07	24-10-08	Active	NO
13	U22120MH1913PLC000391	Bennett Coleman And Company Limited	Whole-time director	08-05-11	07-12-07	-	Active	NO
14	U92100MH2008PLC179750	Bennett Broadcasting and Distribution Services Limited	Director	04-09-09	05-03-08	-	Active	NO
15	U74140MH2008NPL187724	Centre For Excellence In Management Training And Development	Director	22-10-08	22-10-08	-	Active	NO
16	U74990MH2009PTC190636	Mind Games Shows Private Limited	Director	26-08-10	27-02-09	-	Active	NO
17	U74300MH2008PLC184669	Brand Equity Treaties Limited	Director	15-09-09	31-03-09	-	Active	NO
18	U32109MH1986PLC168454	Times Global Broadcasting Company Limited	Director	03-06-10	30-09-09	-	Active	NO
19	U74999MH1924NPL001128	Bombay Chamber Of Commerce And Industry	Director	09-06-10	09-06-10	-	Active	NO
20	U74300MH1991GAP062428	India Chapter Of International Advertising Association.	Director	27-08-10	27-08-10	-	Active	NO
21	U70100MH2006PLC160896	Aryabhata Properties Limited	Director	19-07-11	18-11-10	-	Active	NO

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 :

23.05.2012

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 :

23.05.2012

Din No.:

01764813

Name :

Mr. Arunabh Das Sharma

Designation :

Additional Director

Address :

W-129, Greater Kailash – 1, New Delhi - 110048, Delhi, India

Date of Birth/Age :

17.03.1968

Date of Appointment :

07.11.2012

Din No.:

03464498

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, India	27981000
Bharat Nidhi Limited, India	70041600
PNB Finance and Industries Limited, India	26665848
Vineet Jain	1642248
Samir Jain	7200
Meera Jain	943200
Camac Commercial Company Limited, India	38161548
Arth Udyog Limited, India	26719848
Jacaranda Corporate Services Limited, India	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 :

ITC Code	Product Descriptions
99611512	Newspapers and Periodicals in print
99836310	Sale of Advertising space in Print media
99836320	Sale of Advertising space in TV

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 Punjab National Bank, Blackhouse Fort, Bombay - 400001, Maharashtra, India

Ø Standard Chartered Bank, 90, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India

Facilities:

SECURED LOAN	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
Short Term
Rupee term loan from banks	151.600	1357.900
TOTAL	151.600	1357.900
UNSECURED LOAN	Rs. In Millions 31.03.2013	Rs. In Millions 31.03.2012
Short Term
Rupee term loan from banks	683.700	0.000
TOTAL	683.700	0.000

Footnotes

(A) Represents :- From Banks - Buyers' Credit - Rate of interest - 1.05 % per annum (Weighted average)

(B) Represents :- From Banks - Buyers' Credit - Rate of interest - 2.22 % per annum (Weighted average)

(C) Represents :- From Banks - Buyers' Credit - Rate of interest - 1.3 % per annum (Weighted average)

(D) Represents :- From Banks - Buyers' Credit - Rate of interest - Nil (Weighted average)

Banking Relations :	--
Auditors :
Name :	Lodha and Company Chartered Accountants
Address :	6, Karim Chambers, 40, Ambalala Doshi Marg, Mumbai-400023, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AABFL1893K
Associates:	· TimesofMoney Financial Services Limited(from October 30, 2012) · TimesofMoney Inc. (USA) (from October 30, 2012) · TimesofMoney Limited (from October 30, 2012) · TimesofMoney UK PLC (UK) (from October 30, 2012) · TOM Payment Solutions Limited (from October 30, 2012)
Joint ventures :	· Aegon Religare Life Insurance Company Limited
Subsidiaries :	· a2zShopping Limited · Amrita Estates Private Limited ( from November 14, 2012) · Ananta Properties Private Limited ( from November 10, 2012) · Alternate Brand Solutions (India) Limited · Artha Broking Services Limited · Artha Commodities Limited · Artha Credit Private Limited · Artha Distribution Services Limited · Artha Financial Services Limited · Artha Forex Services Limited · Artha Insurance Broking Services Limited · Artha Network Services Limited · Artha Reality Private Limited · BCCL International Events Private Limited ( from November 16, 2012) · Bennett Broadcasting and Distribution Services Limited (BBDSL) (upto April 20, 2012) · Brand Equity Treaties Limited · Centre for Excellence in Management Training and Development · Dharmayug Investments Limited · Entertainment Network (India) Limited · Media Network and Distribution Services Limited (MNDIL) · Metropolitan Media Company Limited · Mind Games Shows Private Limited · Mirchi Movies (India) Limited · One Golden Square Creative Limited · Satyam Properties and Finance Limited · Speaking Tree Properties Limited · Times Business Solutions Limited · Times Center for Learning Limited (Formerly Times Yoga Limited) · Times Conferences Limited ( from November 7, 2012) · Times Digital Limited · Times Global Broadcasting Company Limited (TGBCL) · Times Guaranty Limited · Times Infotainment Media Limited · Times Innovative Media Limited · Times Internet (UK) Limited, UK · Times Internet Inc., USA · Times Internet Limited · Times Jobs Limited · Times Journal India Limited · Times Mobile Limited · TimesofMoney Financial Services Limited (upto October 29, 2012) · TimesofMoney Inc. (USA) (upto October 29, 2012) · TimesofMoney Limited (upto October 29, 2012) · TimesofMoney UK PLC (UK) (upto October 29, 2012) · Times Websol Limited · Times VPL Limited · TIM Delhi Airport Advertising Private Limited · TIML Global Limited · TIML Golden Square Limited · TIML Radio Holdings Limited · TIML Digital Radio Limited · TIML Radio Limited · TOM Payment Solutions Limited (upto October 29, 2012) · Vardhaman Publishers Limited · Worldwide Media Private Limited · Zoom Entertainment Network Limited
Enterprises owned or having significant influence by Key Managerial Personnel (ESM)	· 21st Century Constructions Limited · Aadidev Properties Limited · Anagha Estates Limited · Aryabhata Properties Limited · Ativeer Properties Limited · Banhem Estates and IT Parks Limited · Bennett Property Holdings Company Limited (BPHCL) · Nandeeshwar Properties Limited · Rajdhani Printers Limited · Shubhan Properties Limited · Suryashankar Properties Limited · Sushena Properties Limited · Surge Enterprises Limited · Vaidehi Estates Limited

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
300,000,000	Equity Shares	Rs.10/- each	Rs.3000.000 Millions

Issued, Subscribed and 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	31.03.2012	31.03.2011	31.03.2010
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2869.600	2869.600	2869.600
(b) Reserves & Surplus	58644.000	51449.300	52510.500
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	61513.600	54318.900	55380.100
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	1151.500	900.100	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1151.500	900.100	0.000
(4) Current Liabilities
(a) Short term borrowings	835.300	1357.900	0.000
(b) Trade payables	7108.100	7021.500	6336.100
(c) Other current liabilities	14724.600	11897.800	12964.500
(d) Short-term provisions	2175.000	2091.000	1581.100
Total Current Liabilities (4)	24843.000	22368.200	20881.700
TOTAL	87508.100	77587.200	76261.800
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	16718.200	15922.600	16045.400
(ii) Intangible Assets	0.400	0.000	30.800
(iii) Capital work-in-progress	1626.700	1987.800	3391.600
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	36541.700	33091.800	34266.000
(c) Deferred tax assets (net)	0.000	0.000	24.500
(d) Long-term Loan and Advances	8684.400	5934.600	4460.500
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	63571.400	56936.800	58218.800
(2) Current assets
(a) Current investments	6681.200	3632.300	4662.100
(b) Inventories	4122.200	5585.500	4753.200
(c) Trade receivables	8403.900	7437.900	2032.300
(d) Cash and cash equivalents	2164.300	1908.700	2195.300
(e) Short-term loans and advances	2556.400	2080.200	4392.500
(f) Other current assets	8.700	5.800	7.600
Total Current Assets	23936.700	20650.400	18043.000
TOTAL	87508.100	77587.200	76261.800

PROFIT and LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011 (12 Months)
	SALES
			Revenue from operations	49487.200	48620.800	45319.900
			Other Income	1088.000	848.500	2468.200
			TOTAL (A)	50575.200	49469.300	47788.100
Less	EXPENSES
			Cost of materials consumed	14645.500	14829.800	12469.200
			Purchases of stock-in-trade	73.900	70.200	61.800
			Employee benefit expense	8163.800	8185.800	6802.200
			Other expenses	14333.500	16402.700	12263.600
			TOTAL (B)	37216.700	39488.500	31596.800
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			13358.500	9980.800	16191.300
Less	FINANCIAL EXPENSES (D)			130.700	124.300	257.100
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			13227.800	9856.500	15934.200
Less/ Add	DEPRECIATION/ AMORTISATION (F)			2275.300	2292.200	2242.700
	PROFIT BEFORE TAX (E-F) (G)			10952.500	7564.300	13691.500
Less	TAX (H)			3556.300	2191.100	4383.800
	PROFIT AFTER TAX (G-H) (I)			7396.200	5373.200	9307.700
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			449.300	510.500	158.500
Less	APPROPRIATIONS
		Transfer to General Reserve		7000.000	5234.300	8755.500
		Dividend		201.500	200.100	200.100
	BALANCE CARRIED TO THE B/S			644.000	449.300	510.500
	Earnings Per Share (Rs.)
	Basic			24.33	18.82	32.44

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011 (12 Months)
PAT / Total Income	(%)	14.62	10.86	19.48
Net Profit Margin (PBT/Sales)	(%)	22.13	15.56	30.21
Return on Total Assets (PBT/Total Assets}	(%)	25.67	19.46	39.16
Return on Investment (ROI) (PBT/Networth)		0.18	0.14	0.24
Debt Equity Ratio (Total Debt/Networth)		0.01	0.02	0.00
Current Ratio (Current Asset/Current Liability)		1.08	1.09	0.92

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

CASE PENDING DETAILS

Bench:-Bombay

Presentation Date:-				30/07/2013
Lodging No.:-	ITXAL/1244/2013	Filing Date:-	30/07/2013	Reg. No.:-	ITXA/1570/2013	Reg. Date:-	17/08/2013

Petitioner:-

COMMISSIONER OF INCOME TAX – A-

Respondent:-

BENNETT COLEMAN AND COMPANY LIMITED

Petn.Adv.:-

SURESH KUMAR (0)

Resp.Adv.:-

PDS LEGAL (0)

District:-

MUMBAI

Bench:-	DIVISION
Status:-	Pre-Admission	Category:-	TAX APPEALS

Next Date:-

16/12/2013

Stage:-

Coram:-

ACCORDING TO SITTING LIST

ACCORDING TO SITTING LIST

Act :-

Income Tax Act, 1961

Under Section:-

260A

Bench:-Bombay

Lodging No.:-

NMAL/626/2013

Filing Date:-

20/03/2013

Reg. No.:-

NMA/580/2013

Reg. Date:-

01/04/2013

Main Matter

Lodging No.:-

APPL/365/2012

Reg No.:-

APP/423/2012

Petitioner:-

IREO PVT. LTD.

Respondent:-

BENNETT COLEMAN AND COMPANY LIMITED & 5 ORS

Petn.Adv.:-

M/S. WADIA GHANDHY & CO. (0)

District:-

OUTSIDE MAHARASHTRA

Bench:-	DIVISION
Status:-	Pre-Admission	Category:-	NOTICE OF MOTION (APPEAL)

Last Date:-

24/09/2013

Stage:-

Last Coram:-

HON'BLE SHRI JUSTICE DR. D.Y. CHANDRACHUD

HON'BLE SHRI JUSTICE M.S. SONAK

Act :-

Code of Civil Procedure 1908

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 and Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.36
UK Pound	1	Rs.101.11
Euro	1	Rs.84.67

INFORMATION DETAILS

Information Gathered by :	--
Report Prepared by :	SDA

SCORE and RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	9
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	10
--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 and operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.