Summary Information
|
Country |
|
||
|
Company Name |
KASTURI
AND SONS LIMITED |
Principal Name 1 |
Mr. Ram Narsimhan |
|
Status |
Good |
Principal Name 2 |
Mr. Murali Narasimhan |
|
Registration # |
18-001091 |
||
|
Street Address |
Kasturi
Building, 859-860, Anna Salai, Chennai – 600002, Tamilnadu, India |
||
|
Established Date |
21.02.1940 |
SIC Code |
-- |
|
Telephone# |
91-44-28413344
|
Business Style 1 |
Printing |
|
Fax # |
91-44-28415325
|
Business Style 2 |
Publishing |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 17,600,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 16.40% Bodies corporate - 3.07% Directors or relatives of Directors - 80.53% |
Banking |
Central
Bank of India Limited |
|
Public Limited Corp. |
No |
Business Period |
74 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
A (60) |
|
Related
Company |
|||
|
Relation
|
Country |
Company
Name |
CEO |
|
Company in which key management personnel are interested |
India |
Kasturi Estates Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,645,700,000 |
Current Liabilities |
2,376,114,000 |
|
Inventories |
1,562,426,000 |
Long-term Liabilities |
3,508,858,000 |
|
Fixed Assets |
7,323,254,000 |
Other Liabilities |
1,030,807,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
6,915,779,000 |
|
Invest& other Assets |
609,229,000 |
Retained Earnings |
6207,230,000 |
|
|
|
Net Worth |
6224,830,000 |
|
Total Assets |
13,140,609,000 |
Total Liab. & Equity |
13,140,609,000 |
|
Total Assets (Previous Year) |
11,972,968,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
10,521,433,000 |
Net Profit |
565,248,000 |
|
Sales(Previous yr) |
9,917,939,000 |
Net Profit(Prev.yr) |
580,266,000 |
MIRA INFORM REPORT
|
Report Date : |
13.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
KASTURI AND SONS LIMITED |
|
|
|
|
Registered
Office : |
Kasturi Building, 859-860, Anna Salai, Chennai – 600002, Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.02.1940 |
|
|
|
|
Com. Reg. No.: |
18-001091 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.600
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110TN1940PLC001091 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEK00065C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK3000H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of printing and publishing. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 24900000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an old and established company having fine track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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. : 91-44-28413344)
LOCATIONS
|
Registered Office : |
Kasturi Building, 859-860, Anna Salai, Chennai – 600002, Tamilnadu, India |
|
Tel. No.: |
91-44-28413344/ 28576300/ 28415375/ 28551046 |
|
Fax No.: |
91-44-28415325/ 28551046 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located At: ·
· Kolkata · Coimbatore · Hyderabad · Kochi · Kozhikode · Madurai · Mumbai · New Delhi · Trichy · Trivandrum · Vizag · Patna · Vijayawada · Bahrain ·
· Cape Town · Colombo · Islamabad · London · Singapore · Tokyo ·
Washington |
DIRECTORS
As on 29.07.2013
|
Name : |
Mr. Ram Narsimhan |
|
Designation : |
Whole Time Director |
|
Address : |
43B Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
04.05.1945 |
|
Qualification : |
M.,A, M.S (Journalism), Columbia University |
|
Date of Appointment : |
21.06.2001 |
|
PAN No.: |
AABPR2932D |
|
DIN No.: |
00141557 |
|
|
|
|
Name : |
Mr. Murali Narasimhan |
|
Designation : |
Managing Director |
|
Address : |
260-A, TTK Road,Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
11.08.1946 |
|
Qualification : |
B.Com, A.C.A |
|
Date of Appointment : |
13.11.2011 |
|
PAN No.: |
AACPM7823K |
|
DIN No.: |
00141517 |
|
|
|
|
Name : |
Mr. Kasturi Balaji |
|
Designation : |
Whole Time Director |
|
Address : |
34, Kasturi Ranga Road,Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
24.09.1955 |
|
Qualification : |
B.com, M.M.S |
|
Date of Appointment : |
01.10.2010 |
|
PAN No.: |
AABPB6782D |
|
DIN No.: |
00141713 |
|
|
|
|
Name : |
Mr. Ravi Narasimhan |
|
Designation : |
Whole Time Director |
|
Address : |
New No.28, Old No.43-A, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
01.01.1948 |
|
Qualification : |
M.A, B.L |
|
Date of Appointment : |
23.07.2010 |
|
PAN No.: |
AABPR2916 |
|
DIN No.: |
00141587 |
|
|
|
|
Name : |
Mrs. Nirmala Lakshmanan |
|
Designation : |
Whole Time Director |
|
Address : |
30-A, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
30.01.1954 |
|
Qualification : |
M.A, Ph.D |
|
Date of Appointment : |
04.03.2011 |
|
PAN No.: |
AAAPL4321R |
|
DIN No.: |
00141632 |
|
|
|
|
Name : |
Mrs. Nalini Krishnan |
|
Designation : |
Whole Time Director |
|
Address : |
New No.24, Old No.7-A, Parthasarathy Garden, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
13.10.1956 |
|
Qualification : |
M.D |
|
Date of Appointment : |
21.06.2011 |
|
PAN No.: |
AACPK6063F |
|
DIN No.: |
00141641 |
|
|
|
|
Name : |
Mrs. Malini Parthsarathy |
|
Designation : |
Whole Time Director-Joint Editor |
|
Address : |
280, J J Road, Off T.T.K. Road, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
15.08.1959 |
|
Qualification : |
M.S. (Journalism), Columbia University, Ph.D |
|
Date of Appointment : |
21.06.2011 |
|
PAN No.: |
AAFPM2689A |
|
DIN No.: |
00141685 |
|
|
|
|
Name : |
Mr. Ramesh Rangarajan |
|
Designation : |
Whole Time Director |
|
Address : |
New No.15, Old No.7, Parthasarathy Gardens, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
18.10.1959 |
|
Qualification : |
B.A |
|
Date of Appointment : |
21.06.2011 |
|
PAN No.: |
AABPR2301J |
|
DIN No.: |
00141701 |
|
|
|
|
Name : |
Mr. Kasturi Venugopal |
|
Designation : |
Whole Time Director |
|
Address : |
30, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India |
|
Date of Birth/Age : |
18.08.1957 |
|
Qualification : |
M.A, M.S. (Journalism) |
|
Date of Appointment : |
05.07.2010 |
|
PAN No.: |
AAAPV6086B |
|
DIN No.: |
00141736 |
|
|
|
|
Name : |
Mr. Srinath Lakshmi |
|
Designation : |
Director |
|
Address : |
38, First Main Road, R A Puram, Chennai – 600028, Tamilnadu, India |
|
Date of Birth/Age : |
23.09.1959 |
|
Qualification : |
B.A, C.LIB, SC |
|
Date of Appointment : |
01.10.2007 |
|
PAN No.: |
AAAPL2756L |
|
DIN No.: |
00141755 |
|
|
|
|
Name : |
Mr. Akila Vijay Iyengar |
|
Designation : |
Whole Time Director |
|
Address : |
65, Coronation Road, Singapore-269464 |
|
Date of Birth/Age : |
20.06.1965 |
|
Qualification : |
B.A |
|
Date of Appointment : |
01.10.2008 |
|
PAN No.: |
AAAPV4451 |
|
DIN No.: |
00141804 |
|
|
|
|
Name : |
Mr. Vijaya Arun |
|
Designation : |
Whole Time Director |
|
Address : |
New No.189, Old No.122, St. Mary’s Road, Chennai - 600018, Tamilnadu, India |
|
Date of Birth/Age : |
11.04.1963 |
|
Qualification : |
M.Sc, PG Diploma |
|
Date of Appointment : |
01.10.2007 |
|
PAN No.: |
AAAPA5764B |
|
DIN No.: |
01343692 |
KEY EXECUTIVES
|
Name : |
Mr. S. Padmanabhan |
|
Designation : |
Chief Financial Officer and Company Secretary |
|
Address : |
New No.59, First Main Road, CIT Nagar, Chennai – 600035, Tamilnadu,
India |
|
Date of Birth/Age : |
12.04.1968 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AAKPP8312L |
|
|
|
|
Name : |
Mr.Arun Anant |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr.Suresh Srinivasan |
|
Designation : |
Vice President (Advertising) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.07.2013
NOTE: Shareholding Details file attached.
As on 29.07.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
16.40 |
|
Bodies corporate |
3.07 |
|
Directors or relatives of Directors |
80.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of printing and
publishing. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
Central Bank of India Limited, Addison Buildings,
803, Anna Salai, Chennai - 600002, Tamilnadu, India · 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 |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
NOTE: LONG TERM
BORROWINGS All the Term Loans are secured by equitable mortgage of immovable properties situated at Chennai Anna Salai and Maraimalai Nagar, Madurai - K.K. Nagar, Coimbatore - A.T.T. Colony and Singanallur, Mumbai, Hyderabad – Begumpet and Uppal, Vishakhapatnam - TPT Colony, Thiruvananthapuram - Vallakadavu, New Delhi, Mangalore, Tiruchirapalli, Vijayawada, Kochi and Bangalore - B.M. Road, further all term loans are secured by hypothecation of machinery situated at all printing centers. SHORT TERM
BORROWINGS Cash Credit, short term loans and non fund based limits of
Rs.250.000 Millions are secured by first charge of Stock and Book Debts of the
company on pari passu basis.Applicable rate of interest is between 1.70% to
4.00% |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Brahmayya and Company Chartered Accountants |
|
Address : |
No. 48, Masilamani Road, Balaji Nagar, Royapettah Chennai – 600014, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB2481J |
|
|
|
|
Company in which
key management personnel are interested: |
Kasturi Estates Private Limited, India CIN No.: U70101TN1948PTC001117 |
|
|
|
|
Joint venture |
CCI Sourcing Private Limited, India CIN No.: U74300TN2007PTC063452 |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
176000 |
Equity Shares |
Rs.100/-
each |
Rs.17.600
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
|
17.600 |
|
(b) Reserves & Surplus |
|
|
6207.230 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
6224.830 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
2955.059 |
|
(b) Deferred tax liabilities (Net) |
|
|
471.214 |
|
(c) Other long term
liabilities |
|
|
144.644 |
|
(d) long-term
provisions |
|
|
400.423 |
|
Total Non-current
Liabilities (3) |
|
|
3971.340 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
553.799 |
|
(b) Trade
payables |
|
|
536.459 |
|
(c) Other
current liabilities |
|
|
1695.011 |
|
(d) Short-term
provisions |
|
|
159.170 |
|
Total Current
Liabilities (4) |
|
|
2944.439 |
|
|
|
|
|
|
TOTAL |
|
|
13140.609 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
7168.370 |
|
(ii)
Intangible Assets |
|
|
154.884 |
|
(iii) Capital
work-in-progress |
|
|
609.104 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.125 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
498.429 |
|
(e) Other Non-current
assets |
|
|
69.245 |
|
Total Non-Current
Assets |
|
|
8500.157 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
1562.426 |
|
(c) Trade
receivables |
|
|
2100.268 |
|
(d) Cash and
cash equivalents |
|
|
629.833 |
|
(e)
Short-term loans and advances |
|
|
163.936 |
|
(f) Other
current assets |
|
|
183.989 |
|
Total
Current Assets |
|
|
4640.452 |
|
|
|
|
|
|
TOTAL |
|
|
13140.609 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
17.600 |
17.600 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
5847.484 |
5471.768 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
5865.084 |
5489.368 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
2184.777 |
2435.266 |
|
|
2] Unsecured Loans |
|
836.463 |
790.267 |
|
|
TOTAL BORROWING |
|
3021.240 |
3225.533 |
|
|
DEFERRED TAX LIABILITIES |
|
411.217 |
466.314 |
|
|
|
|
|
|
|
|
TOTAL |
|
9297.541 |
9181.215 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
6690.785 |
6528.871 |
|
|
Capital work-in-progress |
|
208.070 |
35.965 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.125 |
0.125 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1456.929
|
1349.840
|
|
|
Sundry Debtors |
|
1888.385
|
1816.569
|
|
|
Cash & Bank Balances |
|
459.796
|
456.482
|
|
|
Other Current Assets |
|
346.770
|
60.373
|
|
|
Loans & Advances |
|
922.108
|
926.631
|
|
Total
Current Assets |
|
5073.988
|
4609.895
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
531.665
|
1333.507
|
|
|
Other Current Liabilities |
|
1678.504
|
271.638
|
|
|
Provisions |
|
465.258
|
388.496
|
|
Total
Current Liabilities |
|
2675.427
|
1993.641
|
|
|
Net Current Assets |
|
2398.561
|
2616.254
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
9297.541 |
9181.215 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10521.433 |
9917.939 |
9454.748 |
|
|
|
Other Income |
73.580 |
206.121 |
220.66 |
|
|
|
TOTAL (A) |
10595.013 |
10124.060 |
9675.408 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2866.551 |
2945.321 |
-- |
|
|
|
Consumption materials changes inventories |
-- |
-- |
3011.420 |
|
|
|
Manufacturing service costs |
|
-- |
429.349 |
|
|
|
Employee benefit expense |
3285.021 |
3143.178 |
2732.724 |
|
|
|
Administrative selling other expenses |
-- |
-- |
1655.124 |
|
|
|
Other Expenses |
2441.156 |
2131.496 |
-- |
|
|
|
TOTAL (B) |
8592.728 |
8219.995 |
7828.617 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (A-B) (C) |
2002.285 |
1904.065 |
1846.791 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
333.434 |
359.139 |
350.96 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1668.851 |
1544.926 |
1495.831 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
803.156 |
750.652 |
743.033 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
865.695 |
794.274 |
752.798 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
300.447 |
214.008 |
350.725 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
565.248 |
580.266 |
402.073 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of publications |
2.631 |
1.998 |
0.928 |
|
|
|
Advertising and others |
30.918 |
34.340 |
34.137 |
|
|
|
Royalty |
9.119 |
9.875 |
0.000 |
|
|
|
Interest Income |
0.137 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
42.805 |
46.213 |
35.065 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials |
2428.476 |
2324.318 |
2168.887 |
|
|
|
Stores & Spare parts |
27.856 |
55.809 |
96.952 |
|
|
|
Capital goods and services |
871.880 |
166.983 |
9.387 |
|
|
TOTAL IMPORTS |
3328.212 |
2547.110 |
2275.226 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3212.00 |
3296.97 |
2284.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.34 |
5.73 |
4.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.23 |
8.01 |
7.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.91 |
6.75
|
6.76
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.14
|
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.56 |
0.52
|
0.59
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.90
|
2.31
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
9454.748 |
9917.939 |
10521.433 |
|
|
|
4.899 |
6.085 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
9454.748 |
9917.939 |
10521.433 |
|
Profit |
402.073 |
580.266 |
565.248 |
|
|
4.25% |
5.85% |
5.37% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
LITIGATION DETAILS
CHENNAI COURT
CASE STATUS INFORMATION SYSTEM
|
Case Status: |
Pending |
|
Status Of: |
TAX CASES |
|
Case No.: |
958 |
|
Year : |
2008 |
|
Petitioner : |
THE COMMISSIONER OF |
|
Respondent : |
M/S.KASTURI AND SONS LTD |
|
Pet's Advocate : |
M/S. PUSHYA SITARAMAN |
|
Res's Advocate : |
|
|
Category : |
NO CATEGORY MENTIONED |
|
|
Last Listed on: No Date Mentioned |
|
Case Updated on : |
Jul 25 2008 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10387031 |
19/11/2012 |
684,250,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B62221163 |
|
2 |
10371073 |
19/11/2012 * |
500,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B64385024 |
|
3 |
10291627 |
08/06/2011 |
1,072,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B14789044 |
|
4 |
10219044 |
21/08/2010 * |
150,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
A94053816 |
|
5 |
10185499 |
21/08/2010 * |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
A93906899 |
|
6 |
10162495 |
29/05/2009 |
835,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
A64083868 |
|
7 |
10093486 |
08/06/2011 * |
550,000,000.00 |
CENTRAL BANK OF INDIA LIMITED |
ADDISON BUILDINGS, 803, ANNA SALAI, CHENNAI - 600002, TAMILNADU, INDIA |
B17460908 |
|
8 |
90305507 |
14/07/2004 |
300,000,000.00 |
HDFC BANK LIMITED |
751 B; ANNA SALAI, MARIAM CENTRE, CHENNAI - 600002, TAMILNADU, INDIA |
- |
|
9 |
90307976 |
16/09/2013 * |
500,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B86514940 |
|
10 |
80045237 |
05/07/2012 * |
1,050,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B56825763 |
|
11 |
90307945 |
24/09/2002 |
100,000,000.00 |
HDFC BANK LIMITED |
MARIAM CENTRE, IIIRD FLOOR; 751-B; ANNA SALAI, CHENNAI - 600002, TAMILNADU, INDIA |
- |
|
12 |
90307935 |
24/07/2002 |
70,000,000.00 |
ICICI BANKING CORPORATION LIMITED |
110; UTHAMAR GANDHI SALAI, NUNGAMBAKKAM BRANCH, CHENNAI - 600034, TAMILNADU, INDIA |
- |
|
13 |
90307923 |
23/04/2002 |
70,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH, ADDISON BUILDINGS; 803; |
- |
|
14 |
90307879 |
14/06/2001 |
100,000,000.00 |
ICICI BANK LIMITED |
110; NUNGAMBAKKAM
HIGH ROAD, CHENNAI - |
- |
|
15 |
90305340 |
17/05/2001 |
200,000,000.00 |
ICICI BANK LIMITED |
ICICI TOWERS, BANDRA KURLA COMPLEX; BANDRA (EAST), MUMBAI - 400051, MAHARASHTRA, INDIA |
- |
|
16 |
90308190 |
22/05/2002 * |
2,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH, ADDISON BUILDINGS; 803; |
- |
|
17 |
90307767 |
08/10/2013 * |
430,000,000.00 |
CENTRAL BANK OF INDIA LIMITED |
ADDISON BUILDINGS, 803, ANNA SALAI, CHENNAI - 600002, TAMILNADU, INDIA |
B88675491 |
|
18 |
90306064 |
28/10/1991 |
1,000,000.00 |
CENTRAL BANK OF INDIA |
MOUNT ROAD, MADRAS, TAMILNADU - 600002, INDIA |
- |
|
19 |
90304395 |
31/03/1992 * |
51,600,000.00 |
THE INDUSTRIAL CREDIT
AND INVESTMENT CORPORATION O |
163; BACKBAY
RECLAMATION, BOMBAY, MAHARASHTRA - 40 |
- |
|
20 |
90307163 |
28/10/1991 * |
16,000,000.00 |
CENTRAL BANK OF INDIA |
MOUNT ROAD, MADRAS - 600002, TAMILNADU, INDIA |
- |
|
21 |
90306993 |
27/03/1989 * |
21,700,000.00 |
CENTRAL BANK OF INDIA |
MOUNT ROAD, MADRAS - 600002, TAMILNADU, INDIA |
- |
|
22 |
90306934 |
27/03/1989 * |
16,000,000.00 |
CENTRAL BANK OF INDIA |
834; MOUNT ROAD, MADRAS - 600002, TAMILNADU, INDIA |
- |
|
23 |
90306854 |
28/10/1991 * |
3,000,000.00 |
ANDHRA BANK |
MOUNT ROAD, MADRAS - 600002, TAMILNADU, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Deposits from others |
281.963 |
185.625 |
|
Loans and advances from others |
15.826 |
13.152 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
200.000 |
0.000 |
|
Foreign currency term loans from others |
81.625 |
0.000 |
|
Deposits from others |
8.959 |
7.058 |
|
Total |
588.373 |
205.835 |
OPERATIONS AND
OUTLOOK:
The Company’s overall performance during the financial year 2012-13 has been excellent, considering the recessionary impact, volatile exchange rate and very low industrial growth during the year.
The circulation of The Hindu increased by 3.9 per cent between July-December 2011 (ABC 15,00,365) and July-December 2012 (ABC 15,58,379). The circulation of Business Line increased by 2.8 per cent between July-December 2011 (ABC 1,66,625) and July – December 2012 (1,71,239)
EXPANSION AND
MODERNISATION
A new modern high speed printing machinery was installed at Bangalore and installation work is in progress on another printing press in Kochi.
During the year 2,100 KW of Wind Turbine Generators were commissioned in Tiruppur/Coimbatore Districts. These would help reduce the energy cost for the operations of the Company, besides contributing to the environment Green energy represents. Their wind turbines produced about 30% per cent of the total energy electricity consumed during the year. The introduction of green energy has also resulted in the total power and fuel bill cost coming down by Rs 270 lakh.
Their bankers Central Bank of India, ICICI Bank Limited, HDFC Bank Limited, Yes Bank Limited and DBS bank have been supportive of the Company’s expansion and modernization programmes. The required capital expenditure for its various on-going projects is being met by funds from the above institutions and also by internal generation of funds. The Board of Directors wishes to place on record its appreciation of their splendid support for all the projects.
CONTINGENT
LIABILITIES:
a) Claims against the company not acknowleged as debt
1. Customs duty Rs.38.07 Lakhs and interest under section 28AA of the Customs Act (Previous year Rs.3.807 Millions)
2. Income Tax Rs.291.111 Millions (Previous year Rs.139.693 Millions)
3. Service Tax : Rs.28.240 Millions (Previous year Rs.25.430 Millions)
b) Bank Guarantee Rs.1.564 Millions (Previous year Rs.1.489 Millions)
FIXED ASSETS
v
Tangible
Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
v
Intangible
Assets
· Computer Software
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 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. 59.65 |
|
|
1 |
Rs. 99.21 |
|
Euro |
1 |
Rs. 82.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
60 |
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.