1. Summary Information
|
|
|
Country |
|
|
Company Name |
BURDA DRUCK INDIA PRIVATE LIMITED |
Principal Name 1 |
Christophe Francois Barth |
|
Status |
Moderate |
Principal Name 2 |
Egon Weimer |
|
|
|
Registration # |
55-181208 |
|
Street Address |
B-1, LGF, Geetanjali Enclave, |
||
|
Established Date |
22.07.2008 |
SIC Code |
-- |
|
Telephone# |
91-11-66561608 |
Business Style 1 |
Commercial Printing |
|
Fax # |
91-11-66561445 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,010,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings 49.00%, Bodies corporate 51.00% |
Banking |
HDFC Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (30) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
India
|
HT Media Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
241,379,000 |
Current Liabilities |
578,230,000 |
|
Inventories |
260,948,000 |
Long-term Liabilities |
648,765,000 |
|
Fixed Assets |
975,781,000 |
Other Liabilities |
1,281,000 |
|
Deferred Assets |
237,638,000 |
Total Liabilities |
1,228,276,000 |
|
Invest& other Assets |
14,745,000 |
Retained Earnings |
(507,785,000) |
|
|
|
Net Worth |
502,215,000 |
|
Total Assets |
1,730,491,000 |
Total Liab. & Equity |
1,730,491,000 |
|
Total Assets (Previous Year) |
1,797,515,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
932,282,000 |
Net Profit |
(163,199,000) |
|
Sales(Previous yr) |
992,201,000 |
Net Profit(Prev.yr) |
(140,305,000) |
|
Report Date : |
01.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
BURDA DRUCK INDIA PRIVATE LIMITED (w.e.f.28.11.2013) |
|
|
|
|
Formerly Known
As : |
BURDA DRUCK INDIA LIMITED (w.e.f.25.11.2013) HT BURDA MEDIA LIMITED |
|
|
|
|
Registered
Office : |
B-1, LGF, Geetanjali Enclave, New Delhi - 110017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
22.07.2008 |
|
|
|
|
Com. Reg. No.: |
55-181208 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1010.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120DL2008PTC181208 (New) U74120DL2008PLC181208 (Old) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELH06837F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCH0854L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Commercial Printing
and related services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2010000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture between HT Media Limited, India (51%) and
Burda Druck GmbH, Germany (49%). It is an established company having moderate
track record. There appears huge accumulated losses recorded by the company. Profitability
of the company seems to be under pressure. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some caution.
|
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
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non-compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus on providing payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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.
LOCATIONS
|
Registered Office : |
B-1, LGF, Geetanjali Enclave, New Delhi – 110017, India |
|
Tel. No.: |
91-11-66561608 |
|
Fax No.: |
91-11-66561445 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Plot No. 8, Udyog Vihar, Greater Noida - 201306, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-4183000/ 01/ 22/ 4183042/ 50/ 4183029 |
|
Fax No.: |
91-120-6770504 |
DIRECTORS
AS ON 27.08.2013
|
Name : |
Christophe Francois Barth |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
22, Rue De Dieppe, Diebolsheim 67230 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.06.1973 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.09.2009 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02248844 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Egon Weimer |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Blochlestr 2, Offenburg 77654 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.05.1952 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.09.2009 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02249126 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Massimo Angelo Antonio Monti |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Second Floor, 112 Anand Lok, New Delhi – 110049, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.10.1971 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.08.2013 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03592779 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Bhupinder Girdhar |
|
Designation : |
Secretary |
|
Address : |
3A 18, NIT, Faridabad – 121001, Haryana, India |
|
Date of Birth/Age : |
24.12.1984 |
|
Date of Appointment : |
09.07.2012 |
|
PAN No.: |
AUEPG3953C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Shobhana Bhartia (Shares held as nominee of HT Media Limited, India) |
|
1 |
|
Priyavrat Bhartia (Shares held as nominee of HT Media Limited, India) |
|
1 |
|
Shamit Bhartia (Shares held as nominee of HT Media Limited, India) |
|
1 |
|
Rajiv Verma (Shares held as nominee of HT Media Limited, India) |
|
1 |
|
Sharad Saxena (Shares held as nominee of HT Media Limited, India) |
|
1 |
|
HT Media Limited, India |
|
51509994 |
|
Piyush Gupta (Shares held as nominee of HT Media Limited, India) |
|
1 |
|
Burda Druck GmbH, Germany |
|
49490000 |
|
|
|
|
|
Total |
|
101000000 |
AS ON 21.12.2013
|
Names of Allottee |
|
No. of Shares |
|
Burda Druck GmbH, Germany |
|
26501766 |
|
|
|
|
|
Total |
|
26501766 |
AS ON 27.08.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
49.00 |
|
Bodies
corporate |
51.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Commercial Printing
and related services. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai
- 400013, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
SHORT TERM BORROWINGS Cash credit from HDFC Bank is secured by way of first charge on all current
assets, present and future of the company. This cash credit is repayable on
demand and carries interest rate 12.75% per annum. The cash credit Limit is
further secured by comfort letter given by HT Media Limited (Holding
Company). Cash credit from Deutsche Bank is secured by the corporate
guarantee given by Burda Druck Gmbh. This cash credit is repayable on demand
and carries interest rate @ 12.25%. Inter corporate loan from HT Media
Limited (Holding Company) is repayable on June 30, 2013 and carries interest
rate @ 11.75%. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates LLP Chartered Accountants |
|
Address : |
Golf View, Corporate Tower B, Sector 42, Sector Road, Gurgaon-122002,
Haryana, India |
|
Income-tax PAN of auditor or auditor's firm
: |
AACFS5692Q |
|
|
|
|
Ultimate Holding
company : |
The Hindustan Times Limited [U74899DL1927PLC000155] # |
|
|
|
|
Holding company
: |
HT Media Limited [L22121DL2002PLC117874] |
|
|
|
|
Fellow
Subsidiary company : |
· HT Music and Entertainment Company Limited [U92131DL2005PLC142194] Firefly e-Ventures Limited [U74140DL2007PLC164566] HT Digital Media Holdings Limited [U74900DL2007PLC168717] Hindustan Media Ventures Limited [L21090BR1918PLC000013] HT Mobile Solutions Limited [U74900DL2009PLC187795] HT Interactive Media Properties Limited
[U72900DL1999PLC102132] go4i.com (India) Private Limited [U99999MH2000PTC124781] HT Films Limited [U22222DL2007PLC170175] White Tide Amusement Limited [U74120DL2007PLC170701] HT Education Limited [U80902DL2008PLC177056] HT Learning Centers Limited [U80900DL2010PLC198772] HT Overseas Pte. Limited HT Global Education [U80904DL2011NPL219159] ED World Private Limited [U80220DL2011PTC226816] Ivy Talent India Private Limited [U72200DL2012PTC244758] go4i. com(Mauritius) Private Limited |
|
|
|
|
Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Sharads Enterprises Private Limited [U24246DL2011PTC215417] |
|
|
|
|
Parties having
direct or indirect control over the Company : |
Burda Druck GmbH |
|
|
|
|
Other Related
Parties : |
· India Education Services Private Limited [U80301DL2011PTC226705] Paxton Trexim Private Limited [U57909DL1993PTC107368] Duke Commerce Limited [L51909WB1982PLC035425] |
# The Hindustan Times Limited (HTL) does not hold any direct
investment in the Company. However, HTL’s subsidiary HT Media Limited holds
shares in the Company.
CAPITAL STRUCTURE
AFTER 27.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
131,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1310.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
127,501,766 |
Equity Shares |
Rs. 10/- each |
Rs. 1275.018 Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
101,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1010.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
101,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1010.000 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 |
|
|
1010.000 |
|
(b) Reserves & Surplus |
|
|
(507.785) |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
502.215 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
1.281 |
|
Total Non-current
Liabilities (3) |
|
|
1.281 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
648.765 |
|
(b)
Trade payables |
|
|
127.681 |
|
(c)
Other current liabilities |
|
|
450.549 |
|
(d) Short-term
provisions |
|
|
0.000 |
|
Total Current
Liabilities (4) |
|
|
1226.995 |
|
|
|
|
|
|
TOTAL |
|
|
1730.491 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
972.079 |
|
(ii)
Intangible Assets |
|
|
3.702 |
|
(iii)
Capital work-in-progress |
|
|
14.745 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
237.638 |
|
(d) Long-term Loan and Advances |
|
|
28.429 |
|
(e) Other
Non-current assets |
|
|
34.544 |
|
Total Non-Current
Assets |
|
|
1291.137 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
260.948 |
|
(c)
Trade receivables |
|
|
102.697 |
|
(d) Cash
and cash equivalents |
|
|
36.286 |
|
(e)
Short-term loans and advances |
|
|
32.065 |
|
(f)
Other current assets |
|
|
7.358 |
|
Total
Current Assets |
|
|
439.354 |
|
|
|
|
|
|
TOTAL |
|
|
1730.491 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1010.000 |
1010.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
(344.587) |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
(204.283) |
|
|
NETWORTH |
|
665.413 |
805.717 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
185.737 |
118.276 |
|
|
2] Unsecured Loans |
|
486.700 |
300.000 |
|
|
TOTAL BORROWING |
|
672.437 |
418.276 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1337.850 |
1223.993 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1070.391 |
1115.020 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
165.393 |
100.352 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
290.734
|
200.988
|
|
|
Sundry Debtors |
|
147.169
|
123.053
|
|
|
Cash & Bank Balances |
|
33.557
|
114.340
|
|
|
Other Current Assets |
|
36.952
|
0.000
|
|
|
Loans & Advances |
|
53.319
|
55.458
|
|
Total
Current Assets |
|
561.731
|
493.839 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
90.287
|
476.113
|
|
|
Other Current Liabilities |
|
368.530
|
7.685
|
|
|
Provisions |
|
0.848
|
1.420
|
|
Total
Current Liabilities |
|
459.665
|
485.218 |
|
|
Net Current Assets |
|
102.066
|
8.621 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1337.850 |
1223.993 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
932.282 |
992.201 |
579.919 |
|
|
|
Other Income |
9.123 |
70.520 |
42.462 |
|
|
|
TOTAL (A) |
941.405 |
1062.721 |
622.381 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
522.080 |
-- |
-- |
|
|
|
Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
(19.973) |
(27.666) |
-- |
|
|
|
Consumption Material Changes Inventories |
-- |
682.732 |
451.677 |
|
|
|
Manufacturing Service Costs |
-- |
0.000 |
130.742 |
|
|
|
Administrative Selling Other Expenses |
-- |
375.780 |
94.325 |
|
|
|
Employee benefit expense |
79.444 |
81.933 |
87.737 |
|
|
|
Other expenses |
414.913 |
-- |
-- |
|
|
|
TOTAL (B) |
996.464 |
1112.779 |
764.481 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(55.059) |
(50.058) |
(142.100) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
72.774 |
64.065 |
29.878 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(127.833) |
(114.123) |
(171.978) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
107.611 |
91.222 |
71.218 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(235.444) |
(205.345) |
(243.196) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(72.245) |
(65.040) |
(100.353) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(163.199) |
(140.305) |
(142.843) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(344.587) |
(204.282) |
(61.439) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(507.786) |
(344.587) |
(204.282) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Printing Charges |
386.031 |
562.574 |
507.129 |
|
|
|
Pre- Press Services |
21.173 |
9.029 |
10.605 |
|
|
TOTAL EARNINGS |
407.204 |
571.603 |
517.734 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
381.922 |
546.158 |
339.272 |
|
|
|
Components & Spare Parts |
15.722 |
16.546 |
15.843 |
|
|
|
Capital Goods |
16.013 |
0.000 |
25.528 |
|
|
TOTAL IMPORTS |
413.657 |
562.704 |
380.643 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(1.62) |
(1.39) |
(1.72) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(17.34)
|
(13.20) |
(22.95) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(25.25) |
(20.70) |
(41.94) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(15.93) |
(12.58) |
(15.12) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.47) |
(0.31) |
(0.30) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.29
|
1.01 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.36
|
1.22 |
1.02 |
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 |
-- |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10226570 |
28/07/2011 * |
350,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA |
B20866810 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
Rupee term loans from banks |
341.863 |
|
Intercorporate borrowings |
150.000 |
|
|
|
|
Total |
491.863 |
|
UNSECURED LOANS |
31.03.2012 (Rs.
In Millions) |
|
Deposits related parties |
486.700 |
|
Interest accrued due other debts |
0.000 |
|
|
|
|
Total |
486.700 |
NATURE OF OPERATIONS
HT Burda Media Limited is a joint venture between HT Media Limited,
India (51%) and Burda Druck GmbH, Germany (49%).This JV is primarily engaged in
the commercial printing business in India using Rotogravure technology. The
range of products being produced include catalogues for the export market and
annual reports, magazines, text books, catalogues , Brochure etc for the
domestic market.
BUSINESS AND
OPERATIONS
The Company is engaged in the business of commercial
printing, with a state-of-the-art Rotogravure technology-based printing
facility at Greater Noida. In FY 2013, the Company registered total revenue of
Rs.941.400 Millions, which mainly came from print-orders of Annual Reports for
listed companies, premium catalogues for private clients and large-volume
Government orders in the education space.
FIXED ASSETS:
· Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Office
equipment
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 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. 62.48 |
|
|
1 |
Rs. 102.95 |
|
Euro |
1 |
Rs. 84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.