MIRA
INFORM REPORT
|
Report Date : |
19.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJASTHAN PATRIKA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
RAJASTHAN PATRIKA PAPER MILLS PRIVATE LIMITED |
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|
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Registered
Office : |
Kesar Garh, Jawaharlal Nehru Marg, Jaipur – 302004, Rajasthan |
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Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
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|
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|
Date of
Incorporation : |
20.12.1974 |
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|
Com. Reg. No.: |
17-1600 |
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Capital Investment
/ Paid-up Capital : |
Rs.130.729 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121RJ1974PTC001600 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JPRR02428G |
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PAN No.: [Permanent Account No.] |
AAACR7856G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Printing and Publishing of newspapers, periodicals, books and
magazines. |
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|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4900000 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having a satisfactory track record. Sales turnover and profit of the company appears to be decent. Overall
fundaments of the company appears to be sound and healthy. Trade relations are fair. Business is active. Payment terms are slow
but correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
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.
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 PARTED BY (General Details)
|
Name : |
Mr. Bhuvaneshwar |
|
Designation : |
Chartered Accountant |
|
Contact No.: |
91-141-39404142 |
|
Date : |
17.10.2013 |
LOCATIONS
|
Registered Office : |
Kesargarh, Jawaharlal Nehru Marg, Jaipur – 302004, Rajasthan, India |
|
Tel. No.: |
91-141-39404142/ 3005662/ 2561582 (7 lines) |
|
Fax No.: |
91-141-2566011 |
|
Telex |
362-2435/ 0365-2435 Newsin |
|
Gram |
RAJPATRIKA |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
Owned |
|
|
|
|
Publication Centers : |
Kesargarh, Jawaharlal Nehru Marg, Jaipur – 302004, Rajasthan Tel No. 91-141-2561582 (7 lines) Fax No. 91-141-2566011 Telex 362-2435/ 0365-2435 Newsin Gram RAJPATRIKA Email info@rajasthanpatrika.com Website http://www.rajasthanpatrika.com · 5-E jhalana Institutional Area - 302004 · Sunderwas, Station Road, Udaipur - 313001, Rajasthan, India · Manji Ka Hattaha, Paota Road, Jodhpur - 342001, Rajasthan, India · 25 Small Scale Industrial Area, Kota - 324006, Rajasthan, India · 21-Gajner Road, Bikaner – 334001, Rajasthan, India · A-503 Narnarayan Complex, Navrangpure – 380009 ·
SP-2, Parbatpure, RIICO Industrial. Area, ·
Old Industrial Ares, ·
50/11, Rajaji Nagar, ·
· F-67, Industrial Area, Jaipur Road, Sikar – 332001 · 1-2, Shakti Marg, Sriganganaga – 335001 · 304-A, Indo-world Commercial Complex, Behind Kadiwala School, Civil Char Rasta Road, Surat-395002, Gujarat, India |
|
|
|
|
Patrika T. V. Audio/
Video Division : |
· Village Kunda (Amber) – 303101 ·
Laxmi Complex, |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Gulab Kothari |
|
Designation : |
Director |
|
Address : |
House No 11,
Hospital Road, ‘C’, Scheme, Jaipur– 302 001, Rajasthan, India |
|
Date of Birth/Age : |
06.01.1949 |
|
Date of Appointment : |
06.01.2009 |
|
DIN No.: |
00101210 |
|
|
|
|
Name : |
Mr. Milap Chandra Kothari |
|
Designation : |
Director |
|
Address : |
House No 11,
Hospital Road, ‘C’, Scheme, Jaipur– 302 001, Rajasthan, India |
|
Date of Birth/Age : |
15.12.1950 |
|
Date of Appointment : |
01.03.1992 |
|
DIN No.: |
00101373 |
|
|
|
|
Name : |
Mrs. Kalpana Kothari |
|
Designation : |
Director |
|
Address : |
House No 11,
Hospital Road, ‘C’, Scheme, Jaipur– 302 001, Rajasthan, India |
|
Date of Birth/Age : |
22.08.1950 |
|
Date of Appointment : |
27.09.1990 |
|
DIN No.: |
00101720 |
|
PAN No.: |
ACRPK7492H |
|
|
|
|
Name : |
Mr. Nihar Kothari |
|
Designation : |
Managing Director |
|
Address : |
House No 11,
Hospital Road, ‘C’, Scheme, Jaipur– 302 001, Rajasthan, India |
|
Date of Birth/Age : |
17.01.1978 |
|
Date of Appointment : |
06.01.2009 |
|
DIN No.: |
00101448 |
|
PAN No.: |
ABAPK0298B |
|
|
|
|
Name : |
Ms. Kushumbhi Kothari |
|
Designation : |
Director |
|
Address : |
House No 11, Hospital Road, ‘C’, Scheme, Jaipur– 302 001, Rajasthan,
India |
|
Date of Birth : |
24.09.1978 |
|
Date of Appointment : |
01.10.1996 |
|
DIN No.: |
00101593 |
|
PAN No.: |
ABAPK0361P |
|
|
|
|
Name : |
Mr. Siddharth Kothari |
|
Designation : |
Managing Director |
|
Address : |
House No 11, Hospital Road, ‘C’, Scheme, Jaipur– 302 001, Rajasthan,
India |
|
Date of Birth : |
05.10.1979 |
|
Date of Appointment : |
06.01.2009 |
|
DIN No.: |
00101528 |
|
PAN No.: |
ACQPK2809M |
|
|
|
|
Name : |
Mr. Padmasana Kothari |
|
Designation : |
Director |
|
Address : |
House No 11, Hospital Road, ‘C’, Scheme, Jaipur– 302 001, Rajasthan,
India |
|
Date of Birth : |
13.04.1984 |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
01092559 |
|
Pan No.: |
AJNPK1788R |
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|
|
|
Name : |
Mr. Hanuman Prasad Tiwari |
|
Designation : |
Director |
|
Address : |
23/143 Swarn
Path, Mansarovar, Jaipur – 302020, Rajasthan, India |
|
Date of Birth : |
18.09.1960 |
|
Date of Appointment : |
02.07.2004 |
|
DIN No.: |
00101086 |
KEY EXECUTIVES
|
Name : |
Mr. Bhuvaneshwar |
|
Designation : |
Chartered Accountant |
|
|
|
|
Name : |
Mr. Hanuman Prasad Tiwari |
|
Designation : |
Company Secretary
|
|
Address : |
23/143 Swarn
Path, Mansarovar, Jaipur – 302020, Rajasthan, India |
|
Date of Birth : |
18.09.1960 |
|
Date of Appointment : |
01.04.1993 |
|
PAN No.: |
AAXPT5816C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
SHAREHOLDING DETAILS FILE ATTACHED.
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
11.78 |
|
Directors or relatives of directors |
|
87.15 |
|
Other top fifty shareholders |
|
1.07 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of newspapers, periodicals, books and magazines. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Printing of Newspapers and Magazines |
|
|
|
|
|
Newspapers |
Copies (In Nos.) |
Not Applicable |
Not Applicable |
845566660 |
|
Magazines |
Copies (In Nos.) |
Not Applicable |
Not Applicable |
1907000 |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India · ICICI Bank Limited Landmark Race Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · State Bank of Bikaner and Jaipur Tilak Marg, C – Scheme, Jaipur – 302005, Rajasthan, India Contact No.: 91-141-2369524 · Dena Bank M. I. Road, Jaipur – 302001, Rajasthan, India ·
Punjab
National Bank MID Corporate
Branch, Chamber Bhawan, M I Road, Jaipur – 302001, Rajasthan, India · Oriental Bank of Commerce V. T. Road, Mansarovar, Jaipur – 302020, Rajasthan, India · IDBI Bank Limited IDBI Tower WTC complex, Cuffe3 Parade, Mumbai – 400005, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Jain Shrimal and
Company Chartered Accountant |
|
Address : |
62, Gangwal
Park, M D Road, Jaipur Rajasthan, India |
|
PAN No.: |
AAIFJ8343F |
|
|
|
|
Associates : |
· Mass Printers, India · Sky Media (Private) Limited, India · Sumeru Enterprises, India · Jaimor Limited · Patrika Finance (Private) Limited, India · Patrika Online (Private) Limited, India · The Indian Institute of Public Opinion (Private) Limited, India · Jaimor Limited, India |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13072850 |
Equity Shares |
Rs.10/- each |
Rs.130.729
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
130.729 |
123.929 |
|
(b) Reserves & Surplus |
|
1083.653 |
996.152 |
|
(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) |
|
1214.382 |
1120.081 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
756.298 |
812.114 |
|
(b) Deferred tax liabilities (Net) |
|
39.306 |
42.424 |
|
(c) Other long
term liabilities |
|
185.173 |
166.608 |
|
(d) long-term
provisions |
|
50.035 |
42.599 |
|
Total Non-current
Liabilities (3) |
|
1030.812 |
1063.745 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
403.138 |
380.295 |
|
(b)
Trade payables |
|
557.156 |
427.133 |
|
(c)
Other current liabilities |
|
333.624 |
257.641 |
|
(d) Short-term
provisions |
|
27.151 |
5.400 |
|
Total Current
Liabilities (4) |
|
1321.069 |
1070.469 |
|
|
|
|
|
|
TOTAL |
|
3566.263 |
3254.295 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1753.409 |
1620.112 |
|
(ii)
Intangible Assets |
|
48.233 |
56.664 |
|
(iii)
Capital work-in-progress |
|
3.316 |
83.418 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
18.139 |
18.138 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
139.019 |
88.440 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1962.116 |
1866.772 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
304.671 |
326.309 |
|
(c)
Trade receivables |
|
1034.367 |
796.897 |
|
(d) Cash
and cash equivalents |
|
192.072 |
192.646 |
|
(e) Short-term
loans and advances |
|
58.293 |
54.848 |
|
(f)
Other current assets |
|
14.744 |
16.823 |
|
Total
Current Assets |
|
1604.147 |
1387.523 |
|
|
|
|
|
|
TOTAL |
|
3566.263 |
3254.295 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
167.929 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
979.026 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1146.955 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
703.045 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
703.045 |
|
|
DEFERRED TAX LIABILITIES |
|
|
24.230 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1874.230 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1533.880 |
|
|
Capital work-in-progress |
|
|
50.583 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
18.138 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
144.163 |
|
|
Sundry Debtors |
|
|
620.719 |
|
|
Cash & Bank Balances |
|
|
184.776 |
|
|
Other Current Assets |
|
|
16.058 |
|
|
Loans & Advances |
|
|
95.108 |
|
Total
Current Assets |
|
|
1060.824 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
68.764 |
|
Total
Current Liabilities |
|
|
797.041 |
|
|
Net Current Assets |
|
|
263.783 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
7.846 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1874.230 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
5393.179 |
4417.359 |
2702.232 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
5065.947 |
4177.844 |
2472.872 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
327.232 |
239.515 |
229.360 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
180.801 |
158.310 |
99.280 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
146.431 |
81.205 |
130.080 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
41.539 |
27.994 |
49.370 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
104.892 |
53.211 |
80.710 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
322.197 |
278.220 |
207.130 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend paid on Preference Shares (Including Dividend Distribution
Tax) |
0.000 |
3.834 |
0.000 |
|
|
|
Proposed Dividend (Including Dividend Distribution Tax) on Equity and
Preference Shares |
7.202 |
5.400 |
9.620 |
|
|
BALANCE CARRIED
TO THE B/S |
419.887 |
322.197 |
278.220 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
0.176 |
0.010 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
55.532 |
55.769 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.02 |
5.72 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.94
|
1.20 |
2.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.13
|
2.58 |
5.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.07 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.95
|
1.06 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.30 |
1.33 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
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 |
No |
------------------------------------------------------------------------------------------------------------------------------
CASE
DETAILS
PENDING
|
Date of query : 19/10/2013 |
Time : 10:49:38 AM |
|
ITA'231' of 2009 - R |
2481/2009 |
|
Petitioner : |
C I T |
|
Respondent: |
M/S RAJASTHAN PATRIKA LTD |
|
Petitioner Advocate: |
R B MATHUR |
|
Respondent Advocate: |
G D PARWAL/T C JAIN |
|
Class Code : 1303 |
Registered on : 28/2/2009 |
|
Bench : DB |
Stage : PAPER BOOK |
|
DATE GIVEN BY: PESHI CLERK DATE |
|
|
Date of Listing : 9/11/2011 |
|
|
Listed in court No. 2 on 01/10/2010 |
|
|
Department Details |
||
|
Dept Type |
Dept Code |
Dept Name |
|
C |
26 |
Income Tax |
|
Connected Matters |
|
|
TYPE |
NO. |
|
ITA |
356/2008 |
|
Main case in which this case is a Connected Case |
|||
|
TYPE |
NO. |
|
|
|
ITA |
356/2008 |
|
|
|
Lower Court Details |
||||
|
Case No. |
Judgeship |
Place |
Court |
Decision Date |
|
COS-10/2008 |
JAIPUR METRO. |
JAIPUR |
INCOME TAX APPELLATE TRIBUNAL, JAIPUR |
30/9/2008 |
|
Case Detail have Match with this case |
|||
|
Case Type |
Number |
|
|
|
PAPER DETAILS |
||
|
No. |
Type |
Date
of filing |
|
32160/2011 |
EXTRA SET |
31/10/2011 |
|
C I T VS M/S RAJASTHAN PATRIKA
LTD |
R B MATHUR |
Court Fee : |
|
|
|
|
|
3487/2011 |
POWER |
1/2/2011 |
|
C I T VS M/S RAJASTHAN PATRIKA
LTD |
G D PARWAL/T C JAIN |
Court Fee : 2 |
|
|
|
|
|
19693/2010 |
PF+NOTICE+EXTRA |
4/10/2010 |
|
C I T VS M/S RAJASTHAN PATRIKA
LTD |
R B MATHUR |
Court Fee : 3 |
------------------------------------------------------------------------------------------------------------------------------
PERFORMANCE:
The Company has recorded
an impressive growth of 22.09% in top line, which increased from Rs.4417.359
Millions to Rs.5393.179 Millions.
The Company has
established a milestone by becoming the Second Largest Hindi daily newspaper in
India with a circulation of 23.08 lacs copies per day.
The Company has
further strengthened its position in all the major cities in the State of
Madhya Pradesh and Chattisgarh. The response of the readers at all the places
has been overwhelming and encouraging.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10452611 |
11/09/2013 |
100,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B86493996 |
|
2 |
10446717 |
30/08/2013 |
60,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B83845222 |
|
3 |
10441425 |
11/07/2013 |
495,000,000.00 |
STATE BANK OF
BIKANER AND JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, |
B81394504 |
|
4 |
10411032 |
08/03/2013 * |
115,000,000.00 |
STATE BANK OF
BIKANER AND JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, |
B72114531 |
|
5 |
10384179 |
10/12/2012 * |
200,000,000.00 |
INDUSIND BANK
LTD. |
SANGAM COMPLEX,
GROUND FLOOR CHURCH ROAD, JAIPUR, RAJASTHAN - 302001, INDIA |
B64429756 |
|
6 |
10384058 |
17/09/2013 * |
90,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B86912433 |
|
7 |
10355834 |
26/11/2012 * |
150,000,000.00 |
DENA BANK |
M.I. ROAD,
JAIPUR, RAJASTHAN - 302001, INDIA |
B64590755 |
|
8 |
10348779 |
23/03/2012 |
60,000,000.00 |
DENA BANK |
M.I. ROAD,
JAIPUR, RAJASTHAN - 302001, INDIA |
B37305950 |
|
9 |
10318234 |
24/10/2011 |
30,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B25544925 |
|
10 |
10313702 |
14/10/2011 |
42,500,000.00 |
STATE BANK OF
BIKANER & JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, INDIA |
B23753403 |
|
11 |
10255058 |
21/12/2010 * |
67,500,000.00 |
STATE BANK OF
BIKANER & JAIPUR |
TILAK MARG, C-SCHEME,
JAIPUR, RAJASTHAN - 302005, INDIA |
B03310257 |
|
12 |
10255064 |
21/12/2010 * |
87,500,000.00 |
STATE BANK OF
BIKANER & JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, INDIA |
B03310042 |
|
13 |
10255062 |
21/12/2010 * |
70,000,000.00 |
STATE BANK OF
BIKANER & JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, INDIA |
B03310406 |
|
14 |
10248406 |
16/11/2010 |
60,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A98459118 |
|
15 |
10236201 |
17/09/2010 * |
40,000,000.00 |
STATE BANK OF
BIKANER & JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, INDIA |
A95465720 |
|
16 |
10229423 |
05/08/2010 * |
15,000,000.00 |
STATE BANK OF
BIKANER & JAIPUR |
TILAK MARG, C-SCHEME,
JAIPUR, RAJASTHAN - 302005, INDIA |
A93249415 |
|
17 |
10227177 |
14/06/2010 |
15,000,000.00 |
IDBI Bank
Limited |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A88681671 |
|
18 |
10205008 |
05/03/2010 * |
32,000,000.00 |
STATE BANK OF
BIKANER & JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, INDIA |
A81980013 |
|
19 |
10205006 |
05/03/2010 * |
100,000,000.00 |
STATE BANK OF
BIKANER AND JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, INDIA |
A81979601 |
|
20 |
10134967 |
19/04/2011 * |
180,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, ANUKAMPA TOWER,CHURCH ROAD, JAIPUR, RAJASTHAN - 302001, INDIA |
B12392965 |
|
21 |
10125167 |
03/11/2008 * |
96,000,000.00 |
IDBI Bank
Limited |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A49071400 |
|
22 |
10126234 |
09/06/2009 * |
130,000,000.00 |
STATE BANK OF
BIKANER AND JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, INDIA |
A63839609 |
|
23 |
10105428 |
09/06/2009 * |
60,000,000.00 |
STATE BANK OF
BIKANER AND JAIPUR |
TILAK MARG,
C-SCHEME, JAIPUR, RAJASTHAN - 302005, INDIA |
A63839518 |
|
24 |
10005002 |
20/03/2013 * |
826,500,000.00 |
STATE BANK OF
INDIA |
SME BRANCH, ANUKAMPA
TOWER,CHURCH ROAD, JAIPUR, RAJASTHAN - 302001, INDIA |
B72212194 |
* Date of charge modification
CONTINGENT
LIABILITIES
a. Claims against
the company not acknowledged as debt
(i) In respect of liability
for claims filed by the ex-employees against the company pending before the
Court of Law.
(ii) In respect of
various suits for damages/ compensation filed against the company and pending
before various Courts of Law.
(iii) in respect
of Income Tax Liabilities for assessment year 2005-06, 2006-07, 2007-08 and
2008-09 amounting to Rs.19.881 Millions created by Assessing Authority and
disputed in appeal.
b. Estimated
amount of contracts on Capital Account remaining to be executed Rs.201.406
Millions (Previous year Rs.218.324 Millions) against which advances of
Rs.106.971 Millions have been made.
c. Outstanding
guarantees against which the Company has furnished counter guarantee to bank
Rs.3.896 Millions.
FIXED ASSETS:
· Goodwill
· Agricultural land
·
· Lease hold
· Buildings
· Shed
· Plant and Machinery
· Machinery and Equipments
·
· Computers
· Furniture and Fixtures
· Electric Installations
· Sanitary and Pipe Fittings
· Office Equipments
· Auxiliaries
· Vehicles and Van
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.61.58 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.83.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
48 |
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.