MIRA INFORM REPORT
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Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
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Name : |
THOMSON PRESS INDIA LIMITED |
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Registered Office : |
9-K, Block,
Connaught Circus, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
23.07.1962 |
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Com. Reg. No.: |
55-003768 |
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CIN No.: [Company
Identification No.] |
U22219DL1962PLC003768 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELT04236b |
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PAN No.: [Permanent
Account No.] |
AAACT4827F |
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Legal Form : |
A Closely Held
Public Limited Liability Company |
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Line of Business : |
Subject is engaged
in printing and publishing of periodicals, books, magazines, posters,
pamphlets, etc. like India Today, Business India, etc. |
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very
High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
LOCATIONS
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Registered Office : |
9-K, Block,
Connaught Circus, New Delhi – 110001, India |
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Tel. No.: |
91-11-23719004 /
5 / 6 / 2332 1323 / 1273/ 23416273 |
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Fax No.: |
91-11-2371 3405 /
2332 8592/ 23412405 |
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E-Mail : |
satish.pandey@aajtak.com
murlee.manohar@aajtak.com
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Website : |
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Head Office : |
P. B. No. 705,
Delhi - Mathura Road, Faridabad, Haryana, India |
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Tel. No.: |
91-129-2285520/21/22/23/24 |
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Fax No.: |
91-129-2284511 |
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Corporate Office : |
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Tel. No.: |
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Fax No.: |
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Factory 1 : |
18/35, P. B. No.
705, Thomson Press Building, Delhi-Mathura Road, Faridabad - 121 002,
Haryana, India |
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Tel. No.: |
91-129-2285520 /
21 / 22 / 23 / 24 |
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Fax No.: |
91-129-2284511 |
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E-Mail : |
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Factory 2 : |
B-315, Okhla
Industrial Area, Phase I, New Delhi – 110 020, India |
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Tel. No.: |
91-11-26819104
26814426/26815230 |
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Fax No.: |
91-11-26818670/26718675 |
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Factory 3 : |
B, 11-12, Noida
Export Processing Zone, Noida – 201 305, Uttar Pradesh, India |
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Branch Office : |
104, Kamanwala Chambers, 1st Floor, Mandir Compound, mughal Lane, Mumbai – 400 016, Maharashtra,
India |
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Tel. No.: |
91-22-24444361 / 2444424 |
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Fax No.: |
91-22-24444358 |
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E-Mail : |
sbabu@thomsonpress.com ashok.vermani@aajtak.com |
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Group Offices : |
Advertising
Offices
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Regional Sales Offices : |
14, Kamanwala
Chambers, New Udyog Mandir Premises, Mughal Lane, Mahim (West), Mumbai – 400
016 Tel No.
91-22-24444423 Fax No.
91-22-24444358 E Mail : tp.mumbai@thomsonpress.com
Contact Person
: Mr. Surender Babu – Sales Manager 74/1, Tel No.
91-80-2270809 Fax No.
91-80-2274988 E Mail : tp.bangalore@thomsonpress.com
Contact Person
: Mr. P. B. Shyam Sundar – Sales
Manager 52, Tel. No.
91-33-22827746 E Mail : pmukherjee@thomsonpress.com
Contact Person
: Mr. Pritam Mukherjee 106A, Signal
House, Tel
+44-20-8861-4362 Fax
+44-20-8863-8914 E Mail : amanocha@thomsonpress.com
4, Court Square,
3rd Floor, Tel
+1-718-729-8077 / +1-718-729-8937 Fax
+1-718-729-8143 E Mail : newyork@thomson-press.com Contact Person
: Mr. B. L. Ganju – General Manager 3/1, Tel
+61-3-9531-5696 Fax
+61-3-9531-4264 E Mail : thomsonpress@bigpond.com
Contact Person
: Ms. Yasmin Ahmed – Country Manager –
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DIRECTORS
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Name : |
Mr. Aroon Purie |
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Designation : |
Managing Director |
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Address : |
6, Palam Marg, Vasant Vihar, New Delhi-110057 |
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Date of Birth/Age : |
29.12.1944 |
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Date of Appointment : |
01.01.1976 |
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Name : |
Mr. Ashok Kapur |
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Designation : |
Director |
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Address : |
B-5, Chirag Enclave, |
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Date of Birth/Age : |
24.06.1946 |
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Date of Appointment : |
24.05.2004 |
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Name : |
Mr. Ravi Akhoury |
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Designation : |
Director |
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Address : |
6, |
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Date of Birth/Age : |
16.06.1942 |
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Date of Appointment : |
01.05.2002 |
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Name : |
Mr. Ravindra Chandra Bhargava |
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Designation : |
Director |
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Address : |
House No.220, Sector 15A, Noida-201301, Uttar Pradesh, |
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Date of Birth/Age : |
30.07.1934 |
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Date of Appointment : |
24.05.2004 |
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Name : |
Mr. Rakesh Malhotra |
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Designation : |
Director |
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Address : |
M-11, Greater Kailash Part II, New Delhi-110048 |
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Date of Birth/Age : |
16.08.1952 |
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Date of Appointment : |
10.06.2004 |
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Name : |
Mr. J H G McMahon |
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Designation : |
Director |
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Name : |
Mr. M Paton |
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Designation : |
Director |
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Name : |
Mr. Ankoor Purie |
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Designation : |
Managing Director |
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Address : |
6, Palam Marg, Vasant Vihar, New Delhi-110057 |
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Date of Birth/Age : |
04.06.1979 |
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Date of Appointment : |
18.10.2005 |
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Name : |
Mr. Vinay Kumar Singh |
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Designation : |
Whole Time Director |
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Address : |
H. No. -1376, Sector-16l, Faridabad-121001, |
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Date of Birth/Age : |
03.03.1966 |
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Date of Appointment : |
01.04.2009 |
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Name : |
Mr. Cushro Jal Jasswalan |
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Designation : |
Whole Time Director |
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Address : |
B-19, 2nd Floor, Greater Kailash Enclave 1, New
Delhi-110048, |
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Date of Birth/Age : |
14.12.1958 |
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Date of Appointment : |
01.04.2009 |
KEY EXECUTIVES
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Name : |
Mr. Satish Chandra Pandey |
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Designation : |
Company Secretary |
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Address : |
H. No. 188, Ashoka Enclave Main, Sector-34, |
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Date of Birth/Age : |
07.01.1981 |
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Date of Appointment : |
02.03.2009 |
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Audit Committee: |
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Name : |
Mr. Manish Nayar |
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Designation : |
Company Secretary |
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Address : |
C-159, Vikaspuri, |
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Date of Appointment : |
16.05.2005 (Resigned) |
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Name : |
Mr. Vineet Kumar Sharma |
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Designation : |
Company Secretary |
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Address : |
R-3, Sector 11, Noida-201301, Uttar Pradesh |
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Name : |
Mr. Murli Manohar Jain |
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Designation : |
Company Secretary |
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Address : |
C-26A, Anand Vihar, |
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Date of Birth/Age : |
06.11.1977 |
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Date of Appointment : |
01.03.2007 |
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Date of Cessation : |
24.06.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of Shareholders |
No. of Shares |
|
Aroon Purie |
30 |
|
Rekha Purie |
30 |
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Ankoor Purie |
30 |
|
Living Media India Limited |
5067070 |
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All |
1309200 |
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All |
1426140 |
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All |
735000 |
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Total
|
8537500 |
Equity Share Breakup (Percentage of total Equity)
As on 30.09.2009
|
Category |
|
Percentage of
Holding |
|
Bodies Corporate |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged
in printing and publishing of periodicals, books, magazines, posters,
pamphlets, etc. like India Today, Business India, etc. |
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Products : |
· Printing · Type Setting |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
·
·
·
·
·
·
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Terms : |
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Selling : |
Cash, Contract, Others, L/C or Credit (30 / 60 days) terms |
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Purchasing : |
Cash, Contract, Others, L/C or Credit (30 / 60 days)
terms. |
PRODUCTION STATUS (As on 31.03.2006):-
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Particulars |
|
Unit |
Installed
Capacity |
Actual
Production |
|
All types of printed matter such as Books, Periodicals, Calenders,
Annula reports, Lottery Tickets, Repropults and Phototype Set Films etc. |
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Standard
Impressions |
1526 Million |
851 Million |
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Phoptotype Set Films |
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Pages |
715000 |
711417 |
GENERAL INFORMATION
|
Customers : |
Wholesalers, manufacturers, retailers and government
bodies. Some
of the major customers of the company are as under : v
Living Media India Limited v
American Institute of Physics v
Academic Press v
Black Well Science v
v
Samsung v
Hero Honda v
LG Electronics v
Bates v
Lintas v
R K Swamy – BBDO v
Gray v
Mercedes Benz v
Maruti Suzuki v
Adidas v
Kingfisher v
v
Blackwell Publishing v
v
Elsevier Science v
Pearson Group v
Harper Collins v
Gulf Oil v
Readers Digest v Elsevier v Gordon and Breach v ABB v HCL v ITC Limited v Moser Baer v
Amway v
Hyundai v
J and K Bank v
Max v
Nestle v
Sony v
Xerox v
RIM v
Unitech v
JWT v
Mccannworldgroup
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No. of Employees : |
500 |
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Bankers : |
v UCO Bank, v The Hongkong and Shanghai Banking
Corporation Limited, K. G. Marg, v Bank of v Standard Chartered Grindlays Bank Limited,
v Export Import Bank of v The Hong Kong and Shanghai Banking
Corporation Limited, Birla House, 25 Barakhamba Road, New Delhi – 110 001,
India v Yes Bank Limited, 9th Floor,
Nehru Centre, Discovery of v Citi Bank N.A. |
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Financial Institutions |
GE Capital
Services |
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Facilities : |
Secured Loans : 31.03.2008 (Rs.
In millions)
Notes: Rs. 618.850 millions (Previous year Rs. 250.575 millions) secured by
way of exclusive charge created by way of hypothecation of specific plant and
machinery purchase out of the said loans. These said loans these are further
secured by way of exclusive charge by way of hypothecation of specific plant
and machinery Rs. 203.126 (Previous year Rs.
250.000 millions) secured by way of exclusive charge by way of hypothecation
of specific plant and machinery Rs. 550.468 millions (Previous year Rs. 219.472 millions) secured by
way of hypothecation of stock and book debts both present and future of first
charge ranking pari – passu between participating banks. |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants |
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Address : |
Building 8, Tower B, 8th Floor, |
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Holding Company : |
Living Media
India limited U92132DL1962PLC003714 World Media
Private Limited |
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Subsidiaries: |
Thomson Digital India
Limited U72900DL2007PLC170402 Premier Security
Printers Private Limited U22219DL2007PLC168391 Thomson Digital ( |
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Associates: |
Integrated Database India Limited |
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Fellow Subsidiaries: |
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Companies under common control : |
·
Noida
Security Printer Private Limited ·
All
India Film Private Limited ·
The All
India Investment Corporation Private Limited ·
The
All ·
Education
Today Society ( ·
Thomson
Press ( ·
Thomson
Press ( ·
Thomson
Press ( ·
TV
Today Network (Business) Limited ·
Hyper
Space Music Private Limited ·
Active
Media Technologies Private Limited |
CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
|
200000 |
Preference Shares |
Rs.100/- each |
Rs.20.000 millions |
|
|
Total |
|
Rs.220.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8537500 |
Equity Shares |
Rs.10/- each |
Rs.85.375
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
85.375 |
85.375 |
91.875 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1611.177 |
1676.457 |
1848.707 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1696.552 |
1761.832 |
1940.582 |
|
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LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1417.618 |
1373.244 |
720.048 |
|
|
2] Unsecured Loans |
620.769 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
2038.387 |
1373.244 |
720.048 |
|
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DEFERRED TAX LIABILITIES |
99.144 |
105.377 |
106.717 |
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TOTAL |
3834.083 |
3240.453 |
2767.347 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1863.250 |
1900.020 |
1503.462 |
|
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Capital work-in-progress |
139.357 |
103.778 |
171.050 |
|
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INVESTMENT |
21.103 |
20.704 |
20.103 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
487.224
|
378.118
|
377.314
|
|
|
Sundry Debtors |
752.052
|
658.735
|
732.481
|
|
|
Cash & Bank Balances |
78.391
|
60.405
|
133.125
|
|
|
Other Current Assets |
23.083
|
16.284
|
0.054
|
|
|
Loans & Advances |
931.130
|
589.381
|
112.884
|
|
Total
Current Assets |
2271.880
|
1702.923
|
1355.858 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
427.363
|
455.873
|
254.214
|
|
|
Provisions |
34.144
|
31.099
|
28.912
|
|
Total
Current Liabilities |
461.507
|
486.972
|
283.126 |
|
|
Net Current Assets |
1810.373
|
1215.951
|
1072.732 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3834.083 |
3240.453 |
2767.347 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
Sales Turnover |
3183.373 |
2686.761 |
2376.019 |
|
|
Other Income |
124.467 |
70.505 |
65.885 |
|
|
Total Income |
3307.840 |
2757.266 |
2441.904 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
[57.235] |
90.717 |
306.256 |
|
|
Provision for Taxation |
8.046 |
5.347 |
120.864 |
|
|
Profit/(Loss) After Tax |
[65.281] |
85.370 |
185.392 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
|
|
Export Earnings |
1120.686 |
947.119 |
|
|
|
Demand Exports- Sales proceeds of goods
delivered within |
9.671 |
4.359 |
857.827 |
|
Total Earnings |
1130.357 |
951.478 |
857.827 |
|
|
|
|
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|
|
Imports : |
|
|
|
|
|
|
Raw Materials |
342.470 |
164.389 |
|
|
|
Stores & Spares |
64.125 |
16.024 |
590.411 |
|
|
Capital Goods |
70.599 |
272.733 |
|
|
Total Imports |
477.194 |
453.146 |
590.411 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Raw Material Consumed |
|
1038.921 |
837.952 |
|
|
Interest and Finance Charges |
3365.075 |
119.230 |
30.298 |
|
|
Depreciation & Amortization |
|
222.345 |
171.879 |
|
|
Expenses |
|
1286.053 |
1095.519 |
|
Total Expenditure |
3365.075 |
2666.549 |
2135.648 |
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
[7.65] |
10.69 |
---- |
|
%2003-Oct-2013_files/image001.gif){kind=small}
%2003-Oct-2013_files/image002.gif){kind=small}
%2003-Oct-2013_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
[1.97]
|
3.09
|
7.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
[1.80]
|
3.37
|
12.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
[1.38]
|
2.43
|
10.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
[0.03]
|
0.05
|
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.47
|
1.06
|
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.92
|
3.49
|
4.78 |
LOCAL AGENCY FURTHER INFORMATION
trade reference
·
World Media International Limited,
·
Escorts Limited,
·
Filmi Duniya,
· Coates of India Limited
Performance:
The company achieved a turnover of Rs. 3183.370 millions for the year
ended 31.03.2009, which is higher by 18% compared to the turnover of Rs.
2686.760 millions for the year ended 31.03.2008.
The Net profit after interest, Depreciation and Tax is Rs. 65.280
millions for the year under report, as compared to Rs. 85.360 millions for the
previous year.
The company is continuing to lay emphasis on exports and inspite of
sever competition and economic downturn, the exports at Rs. 1167.010 Millions
have grown by 20%l as compared to Rs. 974.240 Millions in the previous year.
The EBIDTA for the year has gone down by 1.95% form Rs. 432.290 Million to Rs.
424.040 Millions. This was due to increase in input cost which could not be
fully passed on to the customer and increased expenses.
Borrowings:
The company has availed Term Loan fo Rs. 602.000 Million and repaid Rs.
193.000 Million during the year.
Current
Performance:
The
Contingent
Liabilities
|
Particulars |
31.03.2009 Rs.
In Millions |
|
Foreign Letter of Credit |
55.998 |
|
Labour matters disputed by the company and pending in court |
9.086 |
|
Sales Tax demand under dispute (Includes Rs. 0.417 Million paid under
period (Previous year rs. 4.032 Millions) |
2.936 |
|
Local Area Development tax pending before joint excise and Taxation
commissioner (Appeals) |
0.906 |
|
Entry tax pending before joint Commissioner – Appeals (Includes Rs. 10.071 Millions paid under period) |
12.458 |
|
Demand for Additional income tax disputed by the company under appeal |
6.805 |
|
Bank Guarantee issued to customers and Government departments |
77.340 |
The company may have to make provision for income Tax for the Assessment
year 1994-1995 in the books of accounts to the extent of Rs. 6.805 Millions if
the company loses the case which is pending before Delhi high court further
there will be no cash outflow if the company loses the case as demand raised by
the Income tax department has already been adjusted form the refund due, to the
company. However, in case the company wins the case refund will be due to the
company along with the interest.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U22219DL1962PLC003768 |
|
Name of the
company |
THOMSON PRESS INDIA LIMITED |
|
Address of the
registered office or of the principal place of business in |
9-K, Connaught
Circus, E-mail: satish.pandey@aajtak.com
|
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the modified |
10167692 |
|
Type of charge |
Movable Property |
|
Particular of charge
holder |
Yes Bank Limited,
9th Floor, Nehru Centre, Discovery of |
|
Nature of
instrument creating charge |
Supplemental Deed
of hypothecation dated January 15, 2010 |
|
Date of
instrument Creating the charge |
15.01.2010 |
|
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 Fixed:@ 11% per
annum till September 30, 2009. Floating:
Facility shall be linked to Yes Bank Prime Lending Rate (YBPLR) w.e.f.
October 01, 2009 in such a way that the effective rate becomes 11% p.a. Terms of
Repayment In 12 equal
quarterly installments commencing from December 01, 2009 and ending on Sept
01, 2012. Extent and
Operation of the charge Exclusive
Hypothecation charge on specific Plant and Machinery providing cover of 1.20
times of facility amount.(Refer Attach Deed Of Hypothecation for details) |
|
Short particulars
of the property charged |
Exclusive charge
on specific Plant and Machinery providing cover of 1.20 times of facility
amount.(Refer Attach Deed of Hypothecation for details) |
|
Particulars of
the present modification |
Term Loan facility
shall be additionally secured by specific Plant and Machinery as mentioned in
Annexure II of attached supplemental
deed of hypothecation |
|
Corporate
identity number of the company |
U22219DL1962PLC003768 |
|
Name of the
company |
THOMSON PRESS
INDIA LIMITED |
|
Address of the
registered office or of the principal place of business in |
9-K, Connaught
Circus, E-mail: satish.pandey@aajtak.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
Yes Bank Limited,
9th
Floor, Nehru Centre, Discovery of E-mail: shareholders@yesbank.in |
|
Nature of
instrument creating charge |
Deed of
hypothecation dated 30.06.2009 |
|
Date of
instrument Creating the charge |
30.06.2009 |
|
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: Fixed : @11% per
annum till September 30, 2009 Floating :
facility shall be linked to Yes Bank Limited Prime Lending Rate (YBPLR) w.e.f
October 01, 2009 in such a way that effective rate becomes 11% p.a Terms of
repayment In 12 equal
quarterly installments commencing from December 01, 2009 and ending on Sept
01, 2012. Extent and Operation of Charge Exclusive charge on
specific Plant and Machinery providing cover of 1.20 times of facility
amount. |
|
Short particulars
of the property charged (Including location of the property) |
Exclusive charge
on specific Plant and Machinery providing cover of 1.20 times of facility
amount. |
|
Corporation identity number or foreign company registrations number of
the company |
U22219DL1962PLC003768 |
|
Name of the company |
THOMSON PRESS INDIA LIMITED |
|
Address |
9-K, Connaught
Circus, E-mail: satish.pandey@aajtak.com
|
|
This Form is for |
Creation of charge |
|
Type of Charges |
Movable property
(not being pledge) |
|
Particular of the charge holder
|
GE Capital
Services |
|
Nature or description of the instrument creating charge |
Unattested deed of hypothecation dated December 22, 2006 |
|
Date of the instrument creating charge |
22.12.2006 |
|
Amount Secure by the charge |
Rs.250.000 millions |
|
Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of interest Repayment in 16 equal installments. Rate of interest reuters 3 months
CP benchmark available at INCPRATE plus 130 basis points per annum Terms of repayment Repayable in 16 equal quarterly installments Extent and operation of the charge First and exclusive charge over specified items of plant and machinery |
Fixed Assets:-
· Land
· Building
· Plant and Machinery
· Vehicles
· Furniture and Fixtures
As per
website
Profile:
Founded in 1967 by Lord Thomson of Fleet, Founder of Thomson Corporation
(one of the biggest publishers in the world), in partnership with current
owners who are now the majority shareholders. It was initially involved in the
distribution of publications of a large number of overseas publishers, and
printing of children's books for export. In 1974 the focus shifted to printing
of the group's prestigious publication India Today. As of date apart from a
number of prestigious magazines printed for various publishing houses, Thomson
Press also prints high quality commercial POS items and books for the domestic
and export markets.
Each of the five printing units and two Repro units has developed its own
unique strengths and areas of expertise, providing the customers with a strong
support structure across an extensive range of printing services.
Absolute commitment to quality, meticulous attention to detail and unparalleled
level of service have made Thomson Press a leading specialist in Design,
Prepress, Printing and distribution services. As a company they are committed
to employing dedicated staff, investing in the very best technology available
and maintaining a close involvement with the industry.
Thomson Press Printing Division comprises of one Prepress and two Printing units in Delhi,
one printing unit in Chennai and one printing and Book Bindery unit in Delhi
exclusively for exports. Recently they have opened the fourth printing unit in
Mumbai, the port city of
·
High end drum and flatbed scanners.
·
Multicolor sheetfed and web printing machines.
·
Mechanized binderies.
·
Copy dot scanner.
·
CTP.
The product range covers virtually all commercial print requirements on paper and
board, from bank instruments, to calendars, diaries, books, corporate
brochures, posters, folders, leaflets, and magazines.
This range of services and products covers designing, copy editing,
typesetting, high quality scanning and image manipulation, sheet fed offset
printing, heatset and coldset web offset printing, automated binding,
finishing, distribution and mailing services.
Customer service is taken care of by the wide network of sales offices in
The Team:
Aroon Purie, Chairman
An alumnus of the London School of Economics and a Fellow of The
Institute of Chartered Accountants (
As Editor-in-Chief and Chairman of The India Today Group as well as Chairman
and Managing Director, TV Today Network Limited, he sets the journalistic style
for the largest, most respected magazine publishing group and media
conglomerate in
He has served as Chairman of the Council of Management, Audit Bureau of
Circulations (ABC) in 2000-1; Chairman and Member of the CII's Committee on
Media and Entertainment in 2003-04; and, is presently a Member of the Executive
Committee of the Editors Guild of India and Vice-Chairman, Board of Directors,
of the International Federation of the Periodical Press (FIPP).
He is also the recipient of many prestigious Awards - The B.D. Goenka Award for
Excellence in Journalism (1988), The G.K. Reddy Memorial Award for Outstanding
Contribution to Journalism (1993-94), the ITA Scroll of Honour, 2003 (News and
Current Affairs) from the Indian Television Academy, amongst others. Recently,
he was conferred the prestigious Apsara Award from the Film and Television
Producers' Guild of India for his Outstanding Contribution to Indian
Television. He was awarded the PADMA BHUSHAN - amongst
Ankoor Purie, Managing Director
Mr Ankoor Purie is the Managing Director of Thomson Press (
Mr Purie is also actively involved in driving group strategy and leads the
groups’ recent foray into the Educational and Digital Media Sector.
He is also a Founder - Director of Hyper Space Music Private Limited, an event
and music label company under the brand name ‘Dada Music’.
Mr Purie completed his schooling from
C J Jassawala, Executive Director – Printing
C J Jassawala joined Thomson Press, Print Business as Chief Operating Officer in December 2006.
He did his post graduation in Human Resource Management from XLRI,
As Executive Director - Printing, C J Jassawala is responsible for print
operations across 5 units in the country and offices abroad.
Anil Mehra, Group Executive and Finance Director
Anil Mehra is a Fellow Member of the
Mehra's expertise includes Financial Management, Tax Planning, Management
Control, Legal, and Corporate Affairs. He has been involved in all the projects
and acquisitions for the India Today Group.
Mehra is also the Governor of leading Educational Institutions and Trustee of
charitable trusts.
He is also a keen Golf player.
AWARDS
Award Name : Sappi Trading
Printer of the years - Gold
Year : 2007
Topic : Printer's
own Promotion
Award Name : Sappi Trading
Printer of the years - Bronze
Year : 2007
Topic : Catalogues
Award Name : Sappi Trading
Printer of the years - Gold
Year : 2007
Topic : Calendar
Award Name : Xerox
Year : 2007
Award Name : Xerox
Year : 2007
Award Name : Sappi Trading Printer
of the year
Year : 2007
Award Name : National Award for
Excellence in Printing by all India Federation of Master Printers
Year : 2002
Topic : Group -
'Offset Big' Category - Folders
Award Name : National Award for
Excellence in Printing by all India Federation of Master Printers
Position : 2nd
Year : 2002
Topic : Group -
Offset Category - Book - Technical/ Medical
Award Name : National Award for
Excellence in Printing by all India Federation of Master Printers
Position : 1st
Year : 2002
Topic : Group -
Offset Category - Book (Others)
Award Name : Special Export
Award by CAPEXIL
Year : 2000 - 2001
Topic : Books
Award Name : Special Export
Award by CAPEXIL
Year : 1996-97, 1997-98
Topic :
Typesetting
Award Name : Special Export
Award by CAPEXIL
Year : 1994-95
Topic : Books
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.62.35 |
|
|
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.