1. Summary Information
|
|
|
Country |
|
|
Company Name |
BARTAMAN PRIVATE
LIMITED |
Principal Name 1 |
Mr. Sakti Dasgupta |
|
Status |
Good |
Principal Name 2 |
Ms. Subha Datta |
|
|
|
Registration # |
21-35338 |
|
Street Address |
6, J B S Haldane Avenue, Tiljala, Kolkata-700105, West Bengal, India |
||
|
Established Date |
15.10.1982 |
SIC Code |
-- |
|
Telephone# |
91-33-23000101/ 102/ 103/ 104/ 106 to 110/ 2243907/ 22449680/ 66220612 |
Business Style 1 |
Printing |
|
Fax # |
91-33-23233001/ 23233002/ 22441215/ 23234030 |
Business Style 2 |
Newspaper |
|
Homepage |
Product Name 1 |
Magazine |
|
|
# of employees |
250 (Approximately) |
Product Name 2 |
Advertisement Space |
|
Paid up capital |
Rs.3,106,300/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate- 100.00% |
Banking |
State Bank of India (Lead Bank) |
|
Public Limited Corp. |
No |
Business Period |
32 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding company |
India |
Bartaman Holding Trust Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
304,254,000 |
Current Liabilities |
160,781,000 |
|
Inventories |
131,909,000 |
Long-term Liabilities |
45,457,000 |
|
Fixed Assets |
463,069,000 |
Other Liabilities |
37,132,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
243,370,000 |
|
Invest& other Assets |
38,063,000 |
Retained Earnings |
690,819,000 |
|
|
|
Net Worth |
693,925,000 |
|
Total Assets |
937,295,000 |
Total Liab. & Equity |
937,295,000 |
|
Total Assets (Previous Year) |
1,261,722,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
NA |
Net Profit |
62,794,000 |
|
Sales(Previous yr) (Total Income) |
NA |
Net Profit(Prev.yr) |
66,317,000 |
MIRA
INFORM REPORT
|
Report Date : |
20.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
BARTAMAN PRIVATE LIMITED (w.e.f. 02.01.2002) |
|
|
|
|
Formerly Known
As : |
BARTAMAN PRINTERS AND PUBLISHERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6, J B S Haldane Avenue, Tiljala, Kolkata – 700105, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.10.1982 |
|
|
|
|
Com. Reg. No.: |
21-35338 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.106 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121WB1982PTC035338 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALB05702E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB6237C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the Printing of Newspaper and Magazine. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
----- |
|
|
|
|
Comments : |
Subject is an old well established company having fine track record. The company possesses an acceptable financial profile marked by
adequate reserves base, comfortable coverage indicators along with moderate
capital structure. Management has witnessed an increase in its operating profit majorly
owing to advertising revenues during FY 13. The rating also take into consideration, the experienced managements
and its capability to maintain a stable readership base in the highly
competitive market. In view of long standing presence as the second largest newspaper
catering to the market in West Bengal, the company can be considered 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
NEWS
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 |
ICRA |
|
Rating |
Cash Credit = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
June, 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Shyam Prasad |
|
Designation : |
Deputy Manager – Finance |
|
Contact No.: |
91-33-23000101 |
|
Date : |
13.08.2014 |
LOCATIONS
|
Registered Office / Head Office : |
6, J B S Haldane Avenue, Tiljala, Kolkata – 700105, West Bengal, India |
|
Tel. No.: |
91-33-23000101/ 102/ 103/ 104/ 106 to 110/ 2243907/ 22449680/
66220612/ 23000509/ 551/ 554/ 550 |
|
Fax No.: |
91-33-23233001/ 23233002/ 23233003/ 22441215/ 23234030 / 23233000 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at: · Mumbai · Bangalore · New Delhi · Siliguri |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sakti Dasgupta |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
GD 277, Salt Lake City, Kolkata-700108, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.02.1946 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.10.1982 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00774631 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACRPD0675M |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
WB/23/146/072278 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Subha Datta |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
GD 277, Salt Lake City, Kolkata-700108, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.11.1951 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.1997 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADVPD9873C |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
WB/23/146/072283 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00774545 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Manjima Bhattacharya |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
6, Sunny Park, Falt 9/5, Block B, Kolkata-700019, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
06.09.1966 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.07.2008 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
WB/20/139/756693 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADXPB0555D |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00729134 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kusal Kumar Datta |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
GD 277, Salt Lake City, Kolkata-700108, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.01.1948 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.09.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
WB/23/146/072282 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACVPD4020E |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00774397 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other
Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Amit Roy |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
140 A, Raja Dinendra Street, Kolkata-700106, West Bengal, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
16.12.1952 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.10.2007 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ACOPR8966J |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
WB/22/158/036668 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01807049 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Shyam Prasad |
|
Designation : |
Deputy Manager – Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Soumani Investment (Private) Limited, India |
|
14358 |
|
Bartaman Holding Trust (Private) Limited, India |
|
16705 |
|
|
|
|
|
Total |
|
31063 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the Printing of Newspaper and Magazine. |
||||||
|
|
|
||||||
|
Products : |
·
Newspaper ·
Magazine ·
Advertisement Space
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Newspaper |
Nos. |
150000 (Copies of
newspaper of 16 pages equivalent thereto per hour) |
128827282 |
|
Weekly Magazine |
Nos. |
-- |
7494256 |
|
Monthly Magazine |
Nos. |
-- |
1356807 |
|
Annual Magazine |
Nos. |
-- |
168000 |
GENERAL INFORMATION
|
No. of Employees : |
250 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
State Bank of India (Lead Bank), Commercial Branch, Kolkata, 24, Park Street, Kolkata-700016, West Bengal, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Note : Cash Credit facilities
are secured by hypothecation of Current Assets ranking pari passu amongst the
banks, first/second charge over entire Tangible Assets including Plant and
Equipment and equitable mortage of title deeds of immovable properties and
also covered by personal guarantee of the Directors of the Company. |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Plot No. –Y-14, Block-EP, Sector -5, Salt Lake, Electronics Complex, Vidhan
Nagar, Kolkata-700091, West Bengal, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company : |
Bartman Holding Trust Private Limited [U74140WB1995PTC072128] |
|
|
|
|
An entity over which
Key Management Personnel together with their relatives have significant
influence. : |
·
Siliguri Press Private Limited
[U22122WB2002PTC095136] ·
Bangla News Agency Private Limited
[U92200WB1999PTC090625] ·
Soudamini Investments Private Limited
[U65993WB1983PTC036955] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31063 |
Equity Shares |
Rs.100/-
each |
Rs.3.106
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 |
|
3.106 |
3.106 |
|
(b) Reserves & Surplus |
|
690.819 |
631.635 |
|
(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) |
|
693.925 |
634.741 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
58.460 |
44.252 |
|
(c) Other long term liabilities |
|
28.987 |
26.788 |
|
(d) long-term provisions |
|
5.655 |
2.575 |
|
Total Non-current Liabilities (3) |
|
93.102 |
73.615 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
45.457 |
380.629 |
|
(b) Trade payables |
|
88.625 |
155.068 |
|
(c) Other current liabilities |
|
13.696 |
15.867 |
|
(d) Short-term provisions |
|
2.490 |
1.802 |
|
Total Current Liabilities (4) |
|
150.268 |
553.366 |
|
|
|
|
|
|
TOTAL |
|
937.295 |
1261.722 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
458.015 |
394.300 |
|
(ii) Intangible Assets |
|
5.054 |
4.540 |
|
(iii) Capital
work-in-progress |
|
38.063 |
0.000 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
14.280 |
15.304 |
|
(e) Other Non-current assets |
|
31.474 |
100.000 |
|
Total Non-Current Assets |
|
546.886 |
514.144 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
131.909 |
306.752 |
|
(c) Trade receivables |
|
157.466 |
106.196 |
|
(d) Cash and cash
equivalents |
|
83.177 |
308.385 |
|
(e) Short-term loans and
advances |
|
17.632 |
15.099 |
|
(f) Other current assets |
|
0.225 |
11.146 |
|
Total Current Assets |
|
390.409 |
747.578 |
|
|
|
|
|
|
TOTAL |
|
937.295 |
1261.722 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.106 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
568.940 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
572.046 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
55.600 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
55.600 |
|
|
DEFERRED TAX LIABILITIES |
|
|
36.068 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
663.714 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
323.744 |
|
|
Capital work-in-progress |
|
|
48.578 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
164.878
|
|
|
Sundry Debtors |
|
|
110.541
|
|
|
Cash & Bank Balances |
|
|
213.710
|
|
|
Other Current Assets |
|
|
6.689
|
|
|
Loans & Advances |
|
|
5.370
|
|
Total
Current Assets |
|
|
501.188
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
159.741
|
|
|
Other Current Liabilities |
|
|
43.374
|
|
|
Provisions |
|
|
6.681
|
|
Total
Current Liabilities |
|
|
209.796
|
|
|
Net Current Assets |
|
|
291.392
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
663.714 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
NA |
NA |
876.254 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
876.254 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
NA |
|
|
|
|
Administrative Expenses |
|
|
663.592 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
663.592 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
241.577 |
119.163 |
212.662 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
109.503 |
12.661 |
17.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
132.074 |
106.502 |
195.535 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
69.280 |
40.185 |
66.986 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
62.794 |
66.317 |
128.549 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
556.602 |
307.726 |
|
|
TOTAL IMPORTS |
NA |
556.602 |
307.726 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2021.50 |
2135.00 |
4138.35 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
14.67
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.69 |
8.44
|
23.70
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.17
|
0.34
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07
|
0.60
|
0.10
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.60 |
1.35
|
2.39
|
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 |
|
3.106 |
3.106 |
|
Reserves & Surplus |
|
631.635 |
690.819 |
|
Net
worth |
|
634.741 |
693.925 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
380.629 |
45.457 |
|
Total
borrowings |
|
380.629 |
45.457 |
|
Debt/Equity
ratio |
|
0.600 |
0.066 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
------ |
|
22] |
Litigations that the firm / promoter involved in |
------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION DETAILS
|
CALCUTTA HIGH COURT CASE STATUS INFORMATION SYSTEM Case Status of
INCOME TAX APPEAL (ITA) 205 OF 2009 COMMISSIONER OF INCOME
TAX, KOLKATA-III, Vs. BARTAMAN (SOUTH BENGAL) PRIVATE LIMITED Pet’s Adv. : S.S. SARKAR Res’s Adv. : Court no.: 0 Last Listed On :
No Date Mentioned Category :
Income tax : Revenue
Case Update on : Thursday, August 06, 2009 |
||||
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10261902 |
30/12/2010 |
207,500,000.00 |
STATE BANK OF INDIA (LEAD BANK ) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
B04130191 |
|
2 |
10058555 |
15/06/2007 |
207,500,000.00 |
STATE BANK OF INDIA (LEAD BANK) |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A18387803 |
* Date of charge modification
GENERAL
INFORMATION
The Company
is a private limited company domiciled in India and incorporated under the
provisions of the Companies Act, 1956. The company is engaged in the printing
of newspaper and magazines.
BUSINESS
ACTIVITIES
The sale of
publication etc. at Rs. 425.433 Millions and advertisement space at Rs. 674.660
Millions showed an increase in circulation sales of 1.35% and an appreciable
increase in advertisement of 26.48 % over 2011-2012. In the perspective of
economic slowdown all over the country the performance of the company has been
truly mercurial. The circulation of weekly magazine and monthly magazine as per
certificate issue by the Audit Bureau of Circulations shows a marginal increase
in the two publications. The Puja issue brought out by the company during the
festive season has emerged as the largest circulated Bengali Puja Number.
UNSECURED LOAN
|
Particular |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
|
Short Term
Borrowings |
|
|
|
Loan form a body corporate |
0.000 |
20.000 |
|
Total |
0.000 |
20.000 |
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
|
Claims not
acknowledged as debts |
|
|
|
-
Disputed Labour Matters |
0.000 |
0.571 |
|
|
|
|
|
Bank Guarantee outstanding |
2.830 |
2.830 |
FIXED ASSETS:
·
·
·
Buildings
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Motor Cars
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.60.73 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.81.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.