1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
LOK PRAKASHAN LIMITED |
Principal Name 1 |
MR. BAHUBALI SHANTILAL SHAH |
|
Status |
GOOD |
Principal Name 2 |
MRS. SMRUTIBEN SHREYANS SHAH |
|
Registration # |
04-000151 |
||
|
Street Address |
GUJARAT SAMACHAR BHAVAN, KHANPUR, AHMEDABAD – 380 001,
GUJARAT |
||
|
Established Date |
21.09.1940 |
SIC Code |
-- |
|
Telephone# |
91-79-30410000 |
Business Style 1 |
PUBLICATION |
|
Fax # |
91-79-25502000 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
NEWSPAPER |
|
|
# of employees |
600 (APPROXIMATELY) |
Product Name 2 |
-- |
|
Paid up capital |
RS.1,594,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-7.00% DIRECTORS OR RELATIVES OF DIRECTORS-81.26% OTHERS-11.74% |
Banking |
BANK
OF BARODA |
|
Public Limited Corp. |
NO |
Business Period |
73 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
A (58) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
RELATED
PARTIES |
UNITED STATES |
GUJARAT SAMACHAR
INC, |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,779,610,000 |
Current Liabilities |
881,342,000 |
|
Inventories |
811,375,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
805,920,000 |
Other Liabilities |
68,682,000 |
|
Deferred Assets |
16,681,000 |
Total Liabilities |
950,024,000 |
|
Invest& other Assets |
4,535,087,000 |
Retained Earnings |
7,997,055,000 |
|
|
|
Net Worth |
7,998,649,000 |
|
Total Assets |
8,948,673,000 |
Total Liab. & Equity |
8,948,673,000 |
|
Total Assets (Previous Year) |
10,441,166,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales/ Total Income |
4,319,839,000 |
Net Profit |
(1,074,600,000) |
|
Sales(Previous yr)/ Total Income |
4,133,934,000 |
Net Profit(Prev.yr) |
1,015,045,000 |
MIRA INFORM REPORT
|
Report Date : |
21.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
LOK PRAKASHAN LIMITED |
|
|
|
|
Registered
Office : |
Gujarat Samachar Bhavan, Khanpur, Ahmedabad – 380 001,
Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.09.1940 |
|
|
|
|
Com. Reg. No.: |
04-000151 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.594 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22190GJ1940PLC000151 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHML00258G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL2742F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Publication of Newspaper ( |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 31995000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having fine track record. Company has incurred loss in the year 2012. However, networth of the
company appears to be strong. Company is operating on its owned funds. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
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 DECLINED
Management non-cooperative
(Tel. No.: 91-79-30410000)
LOCATIONS
|
Registered Office/ Factory : |
Gujarat Samachar Bhavan, Khanpur, Ahmedabad – 380 001,
Gujarat, India |
|
Tel. No.: |
91-79-30410000/ 22304040/ 10/ 25508001/ 2/ 3/ 4/ 25504060 |
|
Fax No.: |
91-79-25502000/ 25504040 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
80000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Printing Press : |
Located at: · Khanpur – Ahmedabad · Ring Road – Surat ·
Lower Parel – Mumbai, Maharashtra, India |
|
|
|
|
Branch Office : |
Located at: · Vadodara · Surat ·
· Bhavnagar ·
Mumbai ·
·
Kolkata ·
Chennai ·
Hyderabad ·
Pune ·
Bangalore ·
Nagpur |
|
|
|
|
Overseas Office : |
3, |
|
Tel. No.: |
(732)-226-0263/
452-1755 |
|
Fax No.: |
(732)-226-0264/
452-1756 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Bahubali Shantilal Shah |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Gujarat Samachar Bhavan, Khanpur, Ahmedabad – 380 001, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.09.1951 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
36 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00347465 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AINPS8897E |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Smrutiben Shreyans Shah |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
31, Anand Nagar Society Sarkhej Road, Paldi Ahmedabad – 380 007,
Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.06.1943 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.A. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
44 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01320759 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACKPS9275P |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajivbhai Chinubhai Lalbhai |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Chinubhai Chimanlala Sheth Bunglow, Near Adeshwar Flat, Opposite
Shahibaug Police Chowky, Shahibaug, Ahmedabad – 380 004, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1952 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.10.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00309545 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mahesh Jayantilal Shah |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1002, Parth 7 Parnakunj, Near Ambawadi Circle, Ellisbridge, Ahmedabad
– 380 006, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1950 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.10.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00191844 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
MAJOR SHAREHOLDERS - NOT AVAILABLE
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
7.00 |
|
Directors
or relatives of directors |
|
81.26 |
|
Others
|
|
11.74 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Publication of Newspaper (Gujarat Samachar). |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
600 (Approximately) |
|
|
|
|
Bankers : |
·
Bank of Baroda, Bhadra Branch, Ahmedabad, Gujarat, India ·
HDFC Bank Limited, Navrangpura Branch ·
State Bank of |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sorab S. Engineer and Company Chartered Accountants |
|
Address : |
381, Ismail Building, Dr. D.N. Road, Fort, Mumbai – 400 001,
Maharashtra, India |
|
PAN No.: |
AAAFS5191E |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives |
|
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.200/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.200/- each |
Rs.2.000 Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7969 |
Equity Shares |
Rs.200/- each |
Rs.1.594 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
1.594 |
|
(b) Reserves & Surplus |
|
|
7997.055 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
7998.649 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c)
Other long term liabilities |
|
|
0.000 |
|
(d)
Long-term provisions |
|
|
6.360 |
|
Total
Non-current Liabilities (3) |
|
|
6.360 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
0.000 |
|
(b)
Trade payables |
|
|
643.487
|
|
(c)
Other current liabilities |
|
|
237.855
|
|
(d)
Short-term provisions |
|
|
62.322
|
|
Total
Current Liabilities (4) |
|
|
943.664 |
|
|
|
|
|
|
TOTAL |
|
|
8948.673 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
805.920 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
46.998 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
4488.089 |
|
(c) Deferred tax assets
(net) |
|
|
16.681 |
|
(d) Long-term Loan
and Advances |
|
|
1060.643 |
|
(e)
Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
6418.331 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
811.375
|
|
(c)
Trade receivables |
|
|
643.596
|
|
(d)
Cash and cash equivalents |
|
|
977.003
|
|
(e)
Short-term loans and advances |
|
|
74.226
|
|
(f)
Other current assets |
|
|
24.142
|
|
Total
Current Assets |
|
|
2530.342 |
|
|
|
|
|
|
TOTAL |
|
|
8948.673 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.594 |
1.594 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
7005.134 |
6026.330 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
7006.728 |
6027.924 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7006.728 |
6027.924 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
300.142 |
205.863 |
|
|
Capital work-in-progress |
|
57.680 |
76.604 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
3339.043 |
4223.451 |
|
|
DEFERRED TAX ASSETS |
|
21.139 |
25.807 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
991.537
|
471.433
|
|
|
Sundry Debtors |
|
606.376
|
511.192
|
|
|
Cash & Bank Balances |
|
2275.505
|
1020.819
|
|
|
Other Current Assets |
|
49.291
|
34.077
|
|
|
Loans & Advances |
|
2800.453
|
1930.974
|
|
Total
Current Assets |
|
6723.162
|
3968.495 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
1168.825
|
650.152 |
|
|
Other Current Liabilities |
|
257.572
|
231.313 |
|
|
Provisions |
|
2008.041
|
1590.831
|
|
Total
Current Liabilities |
|
3434.438
|
2472.296
|
|
|
Net Current Assets |
|
3288.724
|
1496.199
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
7006.728 |
6027.924 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
|
|
3826.710 |
|
|
|
Other Income |
|
|
493.129 |
|
|
|
TOTAL (A) |
|
|
4319.839 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
|
2105.420 |
|
|
|
Purchases of stock-in-trade |
|
|
0.000 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
|
|
2105.420 |
|
|
|
Employee benefit expense |
|
|
107.122 |
|
|
|
Other expenses |
|
|
597.477 |
|
|
|
TOTAL (B) |
|
|
4915.439 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(595.600) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
|
8.955 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(604.555) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
52.587 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
|
(657.142) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
417.458 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
|
(1074.600) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
31.969 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
|
|
NA |
|
|
|
Tax on Dividend |
|
|
NA |
|
|
|
Transfer to General Reserve |
|
|
NA |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
1850.717 |
|
|
|
Capital Goods |
|
|
5.133 |
|
|
|
Stores & Spares |
|
|
3.121 |
|
|
TOTAL IMPORTS |
|
|
1858.971 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
|
(129354.00) |
|
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Subscription of Publication |
|
872.367 |
860.570 |
|
|
|
Income from Advertisement |
|
3244.624 |
2597.508 |
|
|
|
Trading Products sales |
|
16.943 |
22.904 |
|
|
|
Other Income |
|
386.352 |
364.648 |
|
|
|
TOTAL (A) |
|
4520.286 |
3845.630 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
|
1960.565 |
-- |
|
|
|
Manufacturing service costs |
|
195.032 |
-- |
|
|
|
Employee related expenses |
|
137.554 |
-- |
|
|
|
Administrative selling other expenses |
|
760.143 |
-- |
|
|
|
Newsprint Consumption |
|
-- |
1533.884 |
|
|
|
Employee’s Emoluments |
|
-- |
138.410 |
|
|
|
Trading Products Purchases |
|
-- |
29.340 |
|
|
|
Other Expenses |
|
-- |
913.116 |
|
|
|
TOTAL (B) |
|
3053.294 |
2614.750 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
1466.992 |
1230.880 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.671 |
0.488 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
1466.321 |
1230.392 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
41.108 |
37.333 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
1425.213 |
1193.059 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
410.168 |
363.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
1015.045 |
829.559 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
33.165 |
37.058 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
1016.241 |
800.000 |
|
|
|
Proposed Dividend |
|
|
28.688 |
|
|
|
Tax on Dividend |
|
|
4.764 |
|
|
|
Tax on Dividend short provision last year |
|
|
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
31.969 |
33.165 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Newsprint |
|
2073.769 |
986.920 |
|
|
|
Stores & Spares |
|
1.904 |
0.000 |
|
|
|
Machinery |
|
23.860 |
0.000 |
|
|
TOTAL IMPORTS |
|
2099.533 |
986.920 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
127374.00 |
104098.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(24.88)
|
22.46
|
21.57
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(17.17)
|
163.37
|
138.64
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.95)
|
20.29
|
28.07
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.08)
|
0.20
|
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.68
|
1.96
|
1.61
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
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 |
Yes |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
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 |
No |
|
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 |
LITIGATION
DETAILS:
|
HIGH COURT OF
GUJARAT TAX APPEAL No.
789 of 2011 To TAX APPEAL No. 793 of 2011 |
||||||||||||||
|
Status: PENDING (Converted
from: ST/1476/2011)
CCIN No:001092201100789 Last Listing Date: 05/07/2012 Coram: HONOURABLE MR.
JUSTICE VIJAY MANOHAR SAHAI
HONOURABLE MR. JUSTICE N.V. ANJARIA |
||||||||||||||
|
S.NO. |
Name of the
Petitioner |
Advocate On
Record |
||||||||||||
|
1 |
COMMISIONER OF INCOME TAX |
MRS MAUNA M BHATT for: Applicant (s) - 1 |
||||||||||||
|
S.NO. |
Name of the
Respondent |
Advocate On
Record |
||||||||||||
|
1 |
LOK PRAKASHAN LIMITED |
MR B S SOPARKAR for : Opponent(s) - 1 |
||||||||||||
|
Presented On : 13/04/2011 Registered
On : 13/04/2011 Bench Category : DIVISION BENCH District : AHMEDABAD Case Originated From: THROUGH ADVOCATE Listed : 2 times Stage Name : FOR REGULAR ADMISSION (SPL.) Classification DB – OJ – TAX APPEAL – INCOME TAX ACT, 1961 – APPEAL TO HIGH COURT –
U/S 260 OF IT ACT - LONG
TERM CAPITAL GAIN – U/S 54EA
Act
INCOME-TAX ACT, 1961 |
||||||||||||||
|
Office Details |
||||||||||||||
|
S. No |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|||||||||
|
1 |
13/04/2011 |
CERTIFIED COPY |
MRS MAUNA BHATT ADVOCATE for
PETITIONER(s) - 1 |
6 |
- |
|||||||||
|
2 |
13/04/2011 |
MEMO OF APPEAL/ PETITION/ SUIT |
MRS MAUNA BHATT ADVOCATE for
PETITIONER(s) - 1 |
20 |
- |
|||||||||
|
3 |
21/08/2012 |
VAKALATNAMA |
MR B S SOPARKAR ADVOCATE for
RESPONDENT(s) - 1 |
5 |
- |
|||||||||
|
Court Proceedings
|
||||||||||||||
|
Notified Date |
Court Code |
Board Sr. No. |
Stage |
Action |
Coram |
|||||||||
|
04/07/2012 |
3 |
-- |
For ADMISSION TAXATION MATTERS BOARD NO. I |
Next Date |
HONOURABLE MR. JUSTICE VIJAY MANOHAR SAHAI HONOURABLE MR. JUSTICE N.V. ANJARIA |
|||||||||
|
05/07/2012 |
3 |
-- |
FOR REGULAR ADMISSION (SPL.) |
FIXED RULE/ ADMIT |
HONOURABLE MR. JUSTICE VIJAY MANOHAR SAHAI HONOURABLE MR. JUSTICE N.V. ANJARIA |
|||||||||
|
Available Orders
|
||||||||||||||
|
S. No. |
Case Details |
Judge Name |
Order Date |
CAV |
Judgment |
|||||||||
|
1 |
Tax Appeal/789/2011 |
HONOURABLE MR. JUSTICE VIJAY MANOHAR SAHAI HONOURABLE MR. JUSTICE N.V. ANJARIA |
05/07/2012 |
N |
N |
|||||||||
|
Certified Copy |
||||||||||||||
|
Applicant Name |
Applicant Type |
Application Date
|
UOL Number |
Order Date |
Notify Date |
Delivery date |
Status |
Nature of
Document |
||||||
|
MRS MAUNA M. BHATT |
Ordinary |
06/07/2012 |
O/21012/2012 |
05/07/2012 |
09/07/2012 |
10/07/2012 |
Delivered |
-- |
||||||
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
90102383 |
29/07/2004 |
750,000,000.00 |
BANK OF BARODA |
BHADRA; LAL
DARWAJA, AHMEDABAD, GUJARAT - 380001, INDIA |
- |
|
2 |
90099786 |
19/02/2004 |
545,000,000.00 |
CENTRAL BANK OF
INDIA |
LALDARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
3 |
90098291 |
24/12/1997 * |
125,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, AHMEDABAD, GUJARAT, INDIA |
- |
|
4 |
90098251 |
01/12/1997 * |
175,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
IDBI TOWER,
BOMBAY, MAHARASHTRA - 400005, INDIA |
- |
|
5 |
90097931 |
01/12/1997 * |
70,000,000.00 |
BANK OF BARODA |
BHADRA BRANCH,
AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
6 |
90097815 |
25/12/1993 * |
8,000,000.00 |
BANK OF BARODA |
AHMEDABAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
7 |
90097643 |
01/10/1992 * |
15,000,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT - 380001, INDIA |
- |
|
8 |
90101372 |
27/11/1991 |
9,000,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
9 |
90097217 |
13/02/1987 |
9,000,000.00 |
GUJARAT
INDUSTRIAL INVESTMENT CORPORATION LIMITED |
CHUNIBHAI
CHAMBERS, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
10 |
90101240 |
13/12/1986 |
2,000,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
11 |
90097199 |
31/07/1986 |
4,613,800.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
12 |
90097134 |
16/06/1984 |
3,000,000.00 |
CITY COOP. BANK
LIMITED |
REVDI BAZAR,
AHMEDABAD, GUJARAT, INDIA |
- |
|
13 |
90097113 |
22/04/1983 * |
11,000,000.00 |
VIJAY CO-OP.BANK
LIMITED |
AHMEDABAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
14 |
90097110 |
17/03/1983 |
6,506,100.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
15 |
90101191 |
18/12/1984 * |
1,200,000.00 |
CNETRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
16 |
90096261 |
30/04/1982 |
8,000,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
17 |
90097068 |
02/02/1983 * |
3,300,000.00 |
GUJARAT INDUSTRIAL
INVESTMENT CORPORATION LIMITED |
CHUNIBHAI
CHAMBERS, NAVRANGAPURA, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
18 |
90097062 |
19/02/1987 * |
3,000,000.00 |
GUJARAT STATE
FINANCIAL CORPORATION |
JALDARSHAN BUILDING,
ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
19 |
90097046 |
25/11/1977 |
400,000.00 |
SURAT INVESTMENT |
91; RATAN POLE,
AHMEDABAD, GUJARAT, INDIA |
- |
|
20 |
90100145 |
16/07/1976 |
700,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA, AHMEDABAD,
GUJARAT, INDIA |
- |
|
21 |
90097022 |
23/01/1970 |
925,000.00 |
CENTRAL BANK OF
INDIA |
GANDHI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
22 |
90097020 |
24/03/1969 |
750,000.00 |
TE CENTRAL BANK
OF INDIA LIMITED |
GANDHI ROAD, AHMEDABAD,
GUJARAT, INDIA |
- |
|
23 |
90097014 |
05/09/1966 |
200,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
24 |
90097011 |
07/07/1965 |
200,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD, AHMEDABAD,
GUJARAT, INDIA |
- |
|
25 |
90097010 |
10/10/1963 |
200,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
26 |
90096252 |
24/05/1963 |
700,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD, AHMEDABAD,
GUJARAT, INDIA |
- |
|
27 |
90097005 |
28/06/1960 |
600,000.00 |
THE BANK OF
BARODA LIMITED |
GHANDI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
28 |
90096251 |
07/06/1960 |
600,000.00 |
THE BANK OF
BARODA LIMITED |
GHANDI ROAD, AHMEDABAD,
GUJARAT, INDIA |
- |
|
29 |
90097004 |
05/03/1960 |
100,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
30 |
90101161 |
10/02/1958 |
50,000.00 |
THE BANK OF
BARODA LIMITED |
BHADRA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
31 |
90097003 |
08/10/1957 |
50,000.00 |
THE BANK OF
INDIA LIMITED |
AHMEDABAD,
AHMEDABAD, GUJARAT, INDIA |
- |
* Date of charge modification
COMPANY BACKGROUND:
The Company is in
the business of publishing newspapers. The Company’s Product “Gujarat Samachar”
is the largest read Gujarati language daily newspaper in India. Presently, the
Company distributes editions from Ahmedabad, Vadodara, Surat, Rajkot,
Bhavnagar, Mumbai, Mehsana and Bhuj. The Company derives its revenue mainly
from the sale of these publications and advertisements published in the
publications.
FIXED ASSETS:
·
·
Building
·
Plant and Machinery
·
Electric Fittings
·
Office Equipment
·
Furniture and Fixture
·
Library
·
Vehicles
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 records 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.61.28 |
|
|
1 |
Rs.99.03 |
|
Euro |
1 |
Rs.83.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
58 |
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.