1. Summary Information

		Country	India
Company Name	THE MALAYALA MANORAMA COMPANY LIMITED	Principal Name 1	Mammen Mathew
Status	Good	Principal Name 2	Jacob Mammen
		Registration #	09-000647
Street Address	Manorama Building, K. K. Road, P. B. No. 26, Kottayam - 686001, Kerala
Established Date	04.03.1889	SIC Code	--
Telephone#	91-481-2563646	Business Style 1	Printing
Fax #	91-481-2562479	Business Style 2	Publishing
Homepage	www.malayalamanorama.com	Product Name 1	Magazines
# of employees	Not Divulged	Product Name 2	Newspapers
Paid up capital	Rs.7,200,000/-	Product Name 3	--
Shareholders	Bodies corporate 33.00% Directors or relatives of Directors 66.00% Other top fifty shareholders 1.00%	Banking	Syndicate Bank
Public Limited Corp.	No	Business Period	125 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Aa (72)
Related Company
Relation	Country	Company Name	CEO
Subsidiary Company	--	MM TV Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	2,024,666,000	Current Liabilities	2,222,624,000
Inventories	926,969,000	Long-term Liabilities	1,136,525,000
Fixed Assets	2,285,423,000	Other Liabilities	466,139,000
Deferred Assets	106,253,000	Total Liabilities	3,825,288,000
Invest& other Assets	3,602,631,000	Retained Earnings	5,113,454,000
		Net Worth	5,120,654,000
Total Assets	8,945,942,000	Total Liab. & Equity	8,945,942,000
Total Assets (Previous Year)	6,826,912,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	8,913,800,000	Net Profit	1,72,001,000
Sales(Previous yr)	8,042,834,000	Net Profit(Prev.yr)	988,424,000

Report Date :

11.08.2014

IDENTIFICATION DETAILS

Name :	THE MALAYALA MANORAMA COMPANY LIMITED
Registered Office :	Manorama Building, K. K. Road, P. B. No. 26, Kottayam - 686001, Kerala
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	04.03.1889
Com. Reg. No.:	09-000647
Capital Investment / Paid-up Capital :	Rs.7.200 Millions
CIN No.: [Company Identification No.]	U22121KL1889PLC000647
PAN No.: [Permanent Account No.]	AAACT7597G
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Printing and Publishing of Magazines and Newspapers in Malayalam.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Aa

RATING		STATUS	PROPOSED CREDIT LINE
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large

Maximum Credit Limit :	USD 20480000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is an established and reputed publisher of Newspaper, Magazines etc. having excellent track record. Financial position of the company is sound and healthy. Fundamentals are strong. Directors are reported to be well experienced and respectable businessmen. The rating also takes into consideration the company long operational track record and strong market position. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitment. 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

N E W S

As per the latest IMF study, the total weigh of emerging markets in the GDP of the world on a purchasing power parity basis has seen a sizeable shift. It highlights how as against 51 % in 2005, the emerging economies now account for close to 56 % of the global purchasing power GDP as per the latest survey. And with the emerging economies growing at a faster rate than their developed counterparts, there are every possibility that the their share goes up further in the coming years.  China may surpass the US over the next few years.

Politics and economics are very intricately connected. They tend to influence each other in ways that could be very complex and far-reaching. The prospects of the India’s economy have been seriously compromised due to political corruption. High inflation, poor standard of living are to a great extent a result of rampant corruption in the country. China on the other hand, seems to be facing diametrically opposite challenge. American hedge fund manager Jim Chanos has been keenly following the political and economic development in the dragon economy and has figured out something that is quite worrying. He is of the view that the Chinese economy could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales, luxury products, etc. were largely bought with dirty money. And it is now beginning to impact consumption. This may indeed be bad news for an economy that is struggling to transition from an investment-driven export-oriented economy to a domestic consumption-driven economy.

A study published by Firstpost has revealed that asset classes like real estate and equities were the biggest beneficiaries of the liberalization policies.  A firm called Ciane Analytics studied returns from assets including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate outperformed every other asset classes during the 23-year period with an annualized return of 20 % ! Equities came in second with annualized return of 15.5 % ! However, while these returns may seem mouthwatering, the fact is that the return from equities adjusted for inflation came down to just 7.1 %.

Some brief news are as under

. R-Power to buy Jaypee’s hydro assets

. Investors await justice in NSEL case

. India seeks MFN status from Pakistan ahead of meeting

. Ukrain’s clashes with rebels hinder MH17 crash investigation

. India exploring merger of state-owned hydro PSUs

..Higher costs weigh down profit growth to slowest in 9 quarters

..Wal-Mart to expand wholesale business in India

. GMR group moves to strengthen balance sheet

. Central Bank to sell 4 % stake to Life Insurance Corporation

. Tata Chemicals plans to raise up to Rs 10000 mn.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long term bank facilities AA
Rating Explanation	High degree of safety and very low credit risk.
Date	January 09, 2014

Rating Agency Name	CARE
Rating	Short term bank facilities A1+
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	January 09, 2014

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 31-03-2014.

INFORMATION DENIED

MANAGEMENT NON CO-OPERATIVE (91-481-2563646)

LOCATIONS

Registered Office :	Manorama Building, K. K. Road, P. B. No. 26, Kottayam - 686001, Kerala, India
Tel. No.:	91-481-2563646
Fax No.:	91-481-2562479 / 2565399
E-Mail :	editor@mm.co.in sijijoseph@mm.co.in manoramaclassifieds@mm.co.in subscription@mm.co.in marketing@mm.co.in manoramabooks@mm.co.in sampadyam@mm.co.in fasttrack@mm.co.in bhashaposhini@mm.co.in karsha@mm.co.in
Website :	www.malayalamanorama.com
Unit Offices :	Located at: · Kottayam Trivandrum Kollam Pathanamthitta Kochi Trichur Palakkad Kozhikode Kannur Malappuram Outside Kerala Offices · Delhi Mumbai Chennai Bangalore Hyderabad Kolkata Coimbatore Dubai Ahmedabad Jaipur

DIRECTORS

As on 28.09.2013

Name :

Mammen Mathew

Designation :

Managing Director

Address :

Manorma Mandiram, Manganam, Kottayam - 686018, Kerala, India

Date of Birth/Age :

20.09.1944

Qualification :

MA

Date of Appointment :

01.09.2013

PAN No.:

ADOPM4967H

DIN No.:

00071606

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	18/01/1973	18/01/1973	-	Active	NO
2	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Director	23/09/1983	23/09/1983	25/06/2012	Active	NO
3	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	21/09/1984	21/09/1984	22/09/2008	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Managing director	01/09/2013	15/03/2001	-	Active	NO
5	U92132KL2004PLC017566	MM TV LIMITED	Director	29/10/2004	29/10/2004	-	Active	NO

Name :

Jacob Mammen

Designation :

Director

Address :

12, Walton Road, Bangalore – 560001, Karnataka, India

Date of Birth/Age :

15.11.1962

Qualification :

BA

Date of Appointment :

04.04.1986

DIN No.:

00078010

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67120KA1983PLC005177	STABLE INVESTMENTS AND FINANCE COMPANY LIMITED	Director	23/02/1983	23/02/1983	-	Active	NO
2	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	21/01/1985	21/01/1985	-	Active	NO
3	U29222KA1972PTC002201	DEVON MACHINES PRIVATE LIMITED	Director	11/02/1986	11/02/1986	-	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	04/04/1986	04/04/1986	-	Active	NO
5	U85110KA1983PLC005134	DEVON FINANCIAL SERVICES LIMITED	Director	29/04/1986	29/04/1986	-	Active	NO
6	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Director	09/02/1989	09/02/1989	-	Active	NO
7	U01122KA1989PLC010064	INDO ROSES AND FLORICULTURE LIMITED	Director	18/09/1989	18/09/1989	-	Active	NO
8	U06599KA1987PTC008774	MAMMEN MAPPILLAI AND INVESTMENTS PRIVATE LIMITED	Director	20/08/1993	20/08/1993	-	Active	NO
9	L85110KA1943PLC000314	BADRA ESTATES AND INDUSTRIES LIMITED	Managing director	01/03/2012	01/03/1994	-	Active	NO
10	U70102KA1991PTC011987	M.M. HOUSING PRIVATE LIMITED	Director	24/02/1995	24/02/1995	-	Active	NO
11	U74140KA1998PTC023976	TEXTILE SOURCING AND SERVICES PRIVATE LIMITED	Director	21/07/1998	21/07/1998	16/04/2007	Active	NO
12	L25190KA1964PLC052092	M M RUBBER COMPANY LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO

Name :

Zachariah Kuriyan

Designation :

Director

Address :

Thayyil, Kandathil, Erayilkadavu, Kottayam - 686001, Kerala, India

Date of Birth/Age :

21.07.1956

Qualification :

BA

Date of Appointment :

24.04.1990

DIN No.:

00078109

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L85110KA1943PLC000314	BADRA ESTATES AND INDUSTRIES LIMITED	Director	27/06/1984	27/06/1984	-	Active	NO
2	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	24/04/1990	24/04/1990	-	Active	NO
3	U01131KA1967PTC001701	PANDALUR PLANTATIONS PRIVATE LIMITED	Director	10/10/1993	10/10/1993	-	Active	NO
4	U24129KL1955PTC001136	SICAF PRIVATE LIMITED	Director	30/03/1995	30/03/1995	-	Active	NO
5	U51909KL1996PLC009894	G MART LIMITED	Director	04/08/1996	04/08/1996	-	Active	NO
6	U91200KL1939NPL000037	THE ASSOCIATION OF PLANTERS OF KERALA	Director	01/10/2004	01/10/2004	-	Active	NO
7	L01116KL1943PLC000389	THE GOKUL RUBBER AND TEA PLANTATIONS LTD	Managing director	01/11/2012	31/10/2005	-	Active	NO

Name :

Mammen Eapen

Designation :

Director

Address :

Old #15, New # 10, Wallace Garden, 1^st Street, Chennai - 600006, Tamilnadu, India

Date of Birth/Age :

29.03.1935

Qualification :

BA

Date of Appointment :

11.11.1970

DIN No.:

00081267

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	11/11/1970	11/11/1970	-	Active	NO
2	L70102KA1974PLC002641	BALANOOR PLANTATIONS AND INDUSTRIES LIMITED	Director	20/01/1975	20/01/1975	-	Active	NO
3	U06599KA1987PTC008774	MAMMEN MAPPILLAI AND INVESTMENTS PRIVATE LIMITED	Director	13/09/1991	13/09/1991	-	Active	NO
4	U70102KA1991PTC011987	M.M. HOUSING PRIVATE LIMITED	Director	24/02/1995	24/02/1995	-	Active	NO

Name :

Palampadam Thomas

Designation :

Director appointed in casual vacancy

Address :

42/866, Shangrila, Power House Road, Cochin - 682018, Kerala, India

Date of Birth/Age :

29.12.1953

Qualification :

MA

Date of Appointment :

08.10.2007

DIN No.:

00239669

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U63040KL1989PTC005418	SUNDALE VACATIONS PRIVATE LIMITED	Director	02/03/1995	02/03/1995	-	Active	NO
2	U01119KL1919PLC001148	THE TROPICAL PLANTATIONS LTD	Whole-time director	01/09/2012	01/09/2002	-	Active	NO
3	U01119KL1920PLC000847	PALAMPADAM PLANTATIONS LTD	Director	28/09/2006	28/09/2006	-	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director appointed in casual vacancy	08/10/2007	08/10/2007	-	Active	NO
5	U91110KL1992NPL006873	TEA TRADE ASSOCIATION OF COCHIN	Director	23/09/2008	23/09/2008	-	Active	NO

Name :

Mr. Suresh Mehra

Designation :

Director

Address :

404, Sarita Apartment, Road No. 4, Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India

Date of Birth/Age :

24.10.1944

Qualification :

ACA

Date of Appointment :

14.08.1985

DIN No.:

00471172

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	14/08/1985	14/08/1985	-	Active	NO
2	U18100TG1993PTC015342	ENCORE FABRICS PVT LTD	Director	08/02/1993	08/02/1993	-	Active	YES

Name :

Adangapuram Kurian Abraham

Designation :

Director

Address :

Adangapuram XL/241, Layam Road, Ernakulum - 682011, Kerala, India

Date of Birth/Age :

23.08.1938

Qualification :

MD

Date of Appointment :

24.04.1990

DIN No.:

00471221

Name :

Prof Koshy Abraham

Designation :

Director

Address :

House No. 409, IIM Vastrapur– 380015, Gujarat, India

Date of Birth/Age :

18.01.1953

Qualification :

MA

Date of Appointment :

03.03.1999

DIN No.:

00471385

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	03/03/1999	03/03/1999	-	Active	NO
2	U26950GJ1981PLC047664	SPARTA CEMENTS AND INFRA LIMITED	Director	12/11/2005	12/11/2005	31/03/2010	Active	YES
3	L34300PN1996PLC104510	AUTOLINE INDUSTRIES LIMITED	Director	27/09/2006	01/07/2006	18/05/2013	Active	NO
4	L65191KL1931PLC000368	THE FEDERAL BANK LTD	Director	17/07/2014	24/09/2007	-	Active	NO
5	L26910GJ1998PLC034400	CERA SANITARYWARE LIMITED	Director	12/09/2008	31/10/2007	19/04/2010	Active	NO
6	U65910KL1995PLC008910	FEDBANK FINANCIAL SERVICES LIMITED	Director	04/06/2013	04/06/2013	-	Active	NO

Name :

Mr. Ashok Peter Jacob

Designation :

Director

Address :

55, Victoria Road, Bellevue Hill, NSW 2023, Australia

Date of Birth/Age :

14.10.1960

Qualification :

MBA

Date of Appointment :

03.03.1999

DIN No.:

00471772

Name :

Dr. Peter Philip

Designation :

Director

Address :

11 – A, Cuffe Parade, Ground Floor, Colaba, Mumbai - 400005, Maharashtra, India

Date of Birth/Age :

16.06.1943

Qualification :

PHD

Date of Appointment :

02.10.1971

DIN No.:

00820202

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74999MH1943PLC004023	COMMERCIAL BROADCASTS LTD	Director	02/10/1971	02/10/1971	-	Active	NO
2	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	02/10/1971	02/10/1971	-	Active	NO
3	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	20/01/1975	20/01/1975	-	Active	NO
4	U99999MH1980PLC023038	PHILIPS COFFEE AND TEA LTD	Director	29/08/1980	29/08/1980	-	Strike off	NO
5	L25191GJ1974PLC002555	GRP LIMITED	Director	01/04/1981	01/04/1981	-	Active	NO
6	U67120MH1981PTC025333	PHILIPS INVESTMENTS PVT LTD	Director	01/10/1983	01/10/1983	-	Active	NO
7	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Managing director	01/06/2009	01/06/1984	-	Active	NO
8	U92100MH1944PTC004234	REMBRANDT AND VANDYKES PRIVATE LIMITED	Director	07/10/1991	07/10/1991	-	Active	NO
9	U25199TN1989PTC017023	M.M. RESEARCH COMPANY PRIVATE LIMITED	Director	16/01/1997	16/01/1997	-	Active	NO
10	U85110KA1993PLC014267	INDO BLOOMS LIMITED	Director	24/01/2007	24/01/2007	-	Active	NO

KEY EXECUTIVES

Name :	George Verghese
Designation :	Secretary
Address :	Kandathil, K. M. Varghese Road, Kottayam - 686001, Kerala, India
Date of Birth/Age :	11.03.1941
Date of Appointment :	22.05.1980
PAN No.:	ABHPV7692P

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

As on 28.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	33.00
Directors or relatives of Directors	66.00
Other top fifty shareholders	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Printing and Publishing of Magazines and Newspapers in Malayalam.

Products :

Item Code No. (ITC Code)	Product Description
49021010	Newspaper

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· State Bank of Travancore, Main Branch, Thirunakkara, Kottayam - 686001, Kerala, India

Syndicate Bank, Kottayam Branch, K. K. Road, Kottayam - 686001, Kerala, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Term loans from banks	878.043	122.543
SHORT TERM BORROWINGS
Working capital loans from banks	235.650	216.272
Total	1113.693	338.815

Banking Relations :	--
Auditors :
Name :	Cheriyan and Cheriyan Chartered Accountants
Address :	Kallarackal Buildings, Miss East Road, Post Box No. 43, Kottayam - 686001, Kerala, India
PAN No. :	AABFC7312C
Subsidiary Company :	¨ Young India Agencies Private Limited ¨ MM TV Limited ¨ Malayala Manorama Fz LLC ¨ Commercial Broadcasts Limited ¨ Aero Estates And Leasing Company Limited
Others :	¨ Packard Industries ¨ M M Containers Private Limited

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
950000	Equity Shares	Rs.10/- each	Rs.9.500 Millions
5000	Preference Shares	Rs. 100/- each	Rs.0.500 Million
	Total		Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
720000	Equity Shares	Rs.10/- each	Rs.7.200 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	7.200	7.200
(b) Reserves & Surplus	5113.454	4167.808
(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)	5120.654	4175.008
(3) Non-Current Liabilities
(a) long-term borrowings	890.449	134.329
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	772.346	761.549
(d) long-term provisions	304.691	61.718
Total Non-current Liabilities (3)	1967.486	957.596
(4) Current Liabilities
(a) Short term borrowings	246.076	526.198
(b) Trade payables	1034.443	725.818
(c) Other current liabilities	415.835	283.006
(d) Short-term provisions	161.448	159.286
Total Current Liabilities (4)	1857.802	1694.308
TOTAL	8945.942	6826.912
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2163.486	2047.392
(ii) Intangible Assets	121.937	146.579
(iii) Capital work-in-progress	2061.014	581.301
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	1541.617	1007.358
(c) Deferred tax assets (net)	106.253	22.926
(d) Long-term Loan and Advances	353.180	370.093
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	6347.487	4175.649
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	926.969	939.281
(c) Trade receivables	1010.212	786.692
(d) Cash and cash equivalents	456.505	346.514
(e) Short-term loans and advances	162.875	485.296
(f) Other current assets	41.894	93.480
Total Current Assets	2598.455	2651.263
TOTAL	8945.942	6826.912

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		7.200
2] Share Application Money		0.000
3] Reserves & Surplus		3304.904
4] (Accumulated Losses)		0.000
NETWORTH		3312.104
LOAN FUNDS
1] Secured Loans		281.564
2] Unsecured Loans		692.182
TOTAL BORROWING		973.746
DEFERRED TAX LIABILITIES		0.000
TOTAL		4285.850
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1918.517
Capital work-in-progress		93.076
INVESTMENT		509.976
DEFERREX TAX ASSETS		38.359
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	837.592
	Sundry Debtors	704.024
	Cash & Bank Balances	662.110
	Other Current Assets	0.000
	Loans & Advances	1335.824
Total Current Assets		3539.550
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	840.122
	Other Current Liabilities	49.515
	Provisions	923.991
Total Current Liabilities		1813.628
Net Current Assets		1725.922
MISCELLANEOUS EXPENSES		0.000
TOTAL		4285.850

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	8913.800	8042.834	7269.506
		Other Income	78.691	104.447	189.480
		TOTAL (A)	8992.491	8147.281	7458.986
Less	EXPENSES
		Raw materials consumed	2880.635	2861.856	2675.861
		Manufacturing service costs	--	--	438.603
		Employee related expenses	1637.032	1193.641	982.289
		Administrative selling other expenses	--	2262.729	1339.894
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	2.747	(11.756)	--
		Exceptional Item	(12.415)	--	--
		Other Expenses	2512.833	--	--
		TOTAL (B)	7020.832	6306.470	5436.647
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1971.659	1840.811	2022.339
Less	FINANCIAL EXPENSES (D)		98.957	79.243	68.340
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1872.702	1761.568	1953.999
Less/ Add	DEPRECIATION/ AMORTISATION (F)		303.451	301.303	352.521
	PROFIT BEFORE TAX (E-F) (G)		1569.251	1460.265	1601.478
Less	TAX (H)		497.250	471.841	541.589
	PROFIT AFTER TAX (G-H) (I)		1072.001	988.424	1059.889
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	168.931	147.412
	IMPORTS
		Raw Materials		2554.401	1785.528
		Stores & Spares		53.716	22.243
		Capital Goods		333.618	47.961
	TOTAL IMPORTS		NA	2941.735	1855.732
	Earnings Per Share (Rs.)		1489.00	1373.00	1472.00

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	11.92	12.13	14.21
Net Profit Margin (PBT/Sales)	(%)	17.60	18.16	22.03
Return on Total Assets (PBT/Total Assets}	(%)	29.96	28.00	29.34
Return on Investment (ROI) (PBT/Networth)		0.31	0.35	0.48
Debt Equity Ratio (Total Debt/Networth)		0.22	0.16	0.29
Current Ratio (Current Asset/Current Liability)		1.40	1.56	1.95

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	7.200	7.200
Reserves & Surplus	4167.808	5113.454
Net worth	4175.008	5120.654
long-term borrowings	134.329	890.449
Short term borrowings	526.198	246.076
Total borrowings	660.527	1136.525
Debt/Equity ratio	0.158	0.222

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	7269.506	8042.834	8913.800
		10.638	10.829

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	7269.506	8042.834	8913.800
Profit	1059.889	988.424	1072.001
	14.58%	12.29%	12.03%

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	Yes

LITIGATION DETAILS

KERALA HIGH COURT
CASE STATUS INFORMATION SYSTEM

Case Status:  PENDING

Status of          SALES TAX REVISION   31        of    2011     

STATE OF KERALA                 Vs.                  THE MALAYALA MANORAMA COMPANY LIMITED.

Pet's Adv. :   GOVERNMENT PLEADER    

Res's Adv.:   SRI.E.K.NANDAKUMAR 

Last Listed On :     Thursday, September 01, 2011

Category :   Tax Revision Cases/Sales Tax Revision

CONNECTED APPLICATION (S)        CMAP     129    of   2011

CONNECTED MATTER (S) No Connected Matter

Case Updated on:   Thursday, September 01, 2011

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Public Deposits	12.406	11.786
SHORT TERM BORROWINGS
Deposits	10.426	9.926
Total	22.832	21.712

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10439426	10/07/2013	1,000,000,000.00	STATE BANK OF TRAVANCORE	MAIN BRANCH, THIRUNAKKARA, KOTTAYAM, Kerala - 686001, INDIA	B80580905
2	10418588	26/03/2013	300,000,000.00	SYNDICATE BANK	SASTRI ROAD, KOTTAYAM, Kerala - 686001, INDIA	B72848476
3	10344648	10/03/2012	450,000,000.00	SYNDICATE BANK	SASTRI ROAD, KOTTAYAM, Kerala - 686001, INDIA	B35917186
4	10338520	02/02/2012	750,000,000.00	STATE BANK OF TRAVANCORE	MAIN BRANCH, THIRUNAKKARA, KOTTAYAM, Kerala - 686001, INDIA	B33412552
5	10097037	28/09/2013 *	230,000,000.00	SYNDICATE BANK	Kottayam Branch, K K Road, Kottayam, Kerala - 686001, INDIA	B87581054
6	90021673	12/01/2009 *	1,645,000,000.00	STATE BANK OF TRAVANCORE	KOTTAYAM MAIN BRANCH, THIRUNAKKARA, KOTTAYAM, Kerala - 686001, INDIA	A56402613
7	90021245	21/04/1955	250,000.00	THE INDIAN BANK LTD	KOTTAYAM BRANCH, KOTTAYAM, Kerala, INDIA	-

* Date of charge modification

NEWSPRINT

Newsprint prices dropped during the accounting year 2012-13 and remained within a price band of US$620-650 per ton. The supply was stable. The fall in price was mainly due to the poor purchasing capacity of newspaper publishers, as the Indian and global economy remained weak and the dollar strengthened against the rupee.

Newsprint prices are now on the upswing. The price has increased to US$660. The weakening of the rupee makes the situation worse.

Newsprint manufacturers continue to be under cost pressure.

As reported last year, their Company has switched over to 42.5 GSM from 45 GSM in imported newsprint, thus bringing in an annual saving of about 010 crore at the present price level.

Thanks to constant monitoring by Works and Materials Divisions, newsprint wastage continues to be as low as 3 percent a creditable achievement.

ADVERTISEMENTS

Advertisement revenue from publications, FM radio, Manorama Online etc., had an increase of around 7 per cent over the previous year, in spite of adverse market conditions caused by economic downturn and negative fallout of certain political developments.

It is highly gratifying that they could achieve a growth of 7 per cent when the marketing agency 'Group M' estimated 4.7 per cent growth for print media in India in 2012. There was also improvement in net revenue realisation, as they exercised tight control over discounted sale of advertisements.

In the advertisement market, Cochin remains most vibrant, followed by Mumbai and Delhi.

Malayala Manorama Daily continues to maintain its market leadership in Kerala. Undeterred by fall in GDP growth and other adverse factors affecting economic growth, they are making concerted efforts through strategic planning to ensure a reasonable growth in advertisement revenue.

CIRCULATION

Their flagship, Malayala Manorama Daily, continues to fare reasonably well in spite of stiff competition. During the last 7 years, its circulation has increased by about 7.5 lakh copies an average increase of more than a lakh copies every year. This is an all India record for a regional language newspaper.

To get back into the distinctly faster growth track for Malayala Manorama Daily, several promotional schemes have been put in place.

At present, they are selling close to 22 lakh copies, and their corporate goal is to achieve 22 lakh copies by the end of August 2013.

Other publications also have shown reasonably good growth. Manorama Weekly is selling around 4,39,000 copies and The Week 2,14,000 copies. Manorama Calendar 2013 had a record sale of 27,16,000 copies.

It is a matter of great satisfaction that Malayala Manorama Company Limited is the largest publishing house in the country in terms of number of publications. They have 31 titles.

Their publications enjoy tremendous goodwill and support from readers and advertisers. A dynamic circulation strategy, combined with excellent editorial quality, contributes to their brand leadership.

FM RADIO

Radio Mango performed reasonably well in the challenging environment. It continues its conquest of Malayali hearts with the quality of its programmes and its innovative campaigns. Radio Mango is ranked No. 1 in Kerala in Average Daily Listenership.

As reported earlier, FM stations are in talks with the Government on matters relating to multiple licence ownership in each city, broadcast of news and current affairs, and networking of stations. FM stations expect more clarity this year on issues involving the Copyright Act.

The Phase-III auction of FM channels may come up later this calendar year

MANORAMA ONLINE

They are happy to announce that Manorama Online continues to be one of the leading news portals in India and abroad. The site has commendable reach, with 7.1 million unique users and one billion page views per month. Among Indian news portals (News category), Manorama Online ranks first in readership in GCC countries. With more than 10 lakh downloads across various categories, they are in line with the changing trends and have a firm foothold on mobile platforms.

To keep pace with technology, Manorama Online has invested in a new content management system, Adobe Experience Manager. This will make work more efficient and enable seamless transfer of data across different platforms.

The e-edition portfolio of Manorama is steadily growing. Their e-editions are all paid versions, barring the e-edition of Malayala Manorama Daily. With various promotional offers they are able to convert many of the free users into paid users. M4Marry, their matrimonial site, is the most popular site for Malayalis. Ente Deal is their newest product. Launched on July 9, 2013, it offers deals of products and services of all kinds, currently limited to Cochin. The response for this site has been good.

EXPANSION PROGRAMME

Their modernisation and expansion projects to augment the printing capacity and to meet the demand for more colour pages are in progress, although they are behind their schedules fixed earlier. They are printing about 22 lakh copies of Malayala Manorama Daily from 18 centres and in 94 editions an unrivalled record.

In Trivandrum they have installed inserting equipment. All supplements go inserted with the main issue.

They are in advanced stages of construction of new press buildings and installation of presses at Trichur, Kannur and Palakkad units. At Aroor and Malappauram, they have started printing every day, certain quantity of Malayala Manorama Newspaper. All these will go on stream in 2013-14.

New press buildings and presses are being planned at Pathanamthitta, Calicut, Quilon and Kottayam.

Their aim is to print at least 16 colour pages at every centre in Kerala. They also plan to insert all supplements with the main issue using Inserters or print everything together and get it collected at press folder.

MM TV LIMITED

Manorama News, the news channel of their wholly owned subsidiary MM TV Limited, is one of the leading news channels in Kerala. Manorama News has 35 per cent market share in advertisement.

Mazhavil Manorama is also doing well. It has earned a good viewership by providing high quality and innovative programmes. It has a market share of 12 per cent in advertisement.

Both channels command substantial viewership in the UAE and other GCC countries.

MM TV is consistent in its efforts to maintain quality and credibility in news and entertainment media space. The programmes and contents are tailor-made to suit viewer-perspective, and all out efforts are made to go the extra mile to achieve viewer satisfaction. Some of the programmes are so innovative that it is rated as one of the top spots in the media world.

For the financial year 2013-14, the concerns are mainly on competition pressures and internal cost push. It will be yet another challenging year.

FIXED ASSETS

œ Land

œ Buildings

œ Plant and Equipment

œ Furniture and Fixtures

œ Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.56
UK Pound	1	Rs.103.50
Euro	1	Rs.82.41

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	DIV
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--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		72

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	--

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

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