MIRA
INFORM REPORT
|
Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOK PRAKASHAN LIMITED |
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|
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Registered
Office : |
Gujarat Samachar Bhavan, Khanpur, Ahmedabad – 380 001, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
21.09.1940 |
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Com. Reg. No.: |
04-000151 |
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Capital
Investment / Paid-up Capital : |
Rs.1.594 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22190GJ1940PLC000151 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHML00258G |
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PAN No.: [Permanent Account No.] |
AAACL2742F |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Publication of Newspaper and Periodicals. |
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|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 36713000 |
|
|
|
|
Status : |
Good |
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|
Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having fine track record. Networth of the company appears to be strong.
Company is operating on its owned funds. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 onproviding 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Ravindra Shah |
|
Designation : |
Accounts/ Finance Head |
|
Contact No.: |
91-79-30410000 |
|
Date : |
03.02.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Gujarat Samachar Bhavan, Khanpur, Ahmedabad – 380 001, Gujarat, India |
|
Tel. No.: |
91-79-30410000/ 22304040/ 10/ 25508001/ 2/ 3/ 4/ 25504060 |
|
Fax No.: |
91-79-25502000/ 25504040 |
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E-Mail : |
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|
Website : |
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|
Area : |
80000 sq. ft. |
|
Location : |
Owned |
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|
|
|
Printing Press : |
Located at: · Khanpur – Ahmedabad · Ring Road – Surat ·
Lower Parel –
Mumbai, Maharashtra, India |
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|
|
Branch Office : |
Located at: · Vadodara · Surat ·
· Bhavnagar ·
Mumbai ·
·
Kolkata ·
Chennai ·
Hyderabad ·
Pune ·
Bangalore ·
Nagpur |
|
|
|
|
Overseas Office : |
3, |
|
Tel. No.: |
(732)-226-0263/
452-1755 |
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Fax No.: |
(732)-226-0264/
452-1756 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Bahubali Shantilal
Shah |
|
Designation : |
Managing Director |
|
Address : |
Gujarat Samachar Bhavan,
Khanpur, Ahmedabad – 380
001, Gujarat, India |
|
Date of Birth/Age : |
09.09.1951 |
|
Qualification : |
B. Com |
|
Experience : |
37 Years |
|
Date of Appointment : |
01.08.2010 |
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DIN No.: |
00347465 |
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PAN No.: |
AINPS8897E |
|
|
|
|
Name : |
Mrs. Smrutiben Shreyans
Shah |
|
Designation : |
Managing Director |
|
Address : |
31, Anand Nagar
Society Sarkhej Road, Paldi
Ahmedabad – 380 007, Gujarat, India
|
|
Date of Birth/Age : |
10.06.1943 |
|
Qualification : |
B.A. |
|
Experience : |
45 Years |
|
Date of Appointment : |
01.08.2010 |
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DIN No.: |
01320759 |
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PAN No.: |
ACKPS9275P |
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|
|
|
Name : |
Mr. Rajivbhai Chinubhai
Lalbhai |
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Designation : |
Director |
|
Address : |
Chinubhai Chimanlala Sheth Bunglow, Near Adeshwar Flat, Opposite Shahibaug
Police Chowky, Shahibaug,
Ahmedabad – 380 004, Gujarat, India |
|
Date of Birth/Age : |
01.11.1952 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
27.10.2007 |
|
DIN No.: |
00309545 |
|
|
|
|
Name : |
Mr. Mahesh Jayantilal Shah |
|
Designation : |
Director |
|
Address : |
1002, Parth 7 Parnakunj,
Near Ambawadi Circle, Ellisbridge,
Ahmedabad – 380 006, Gujarat, India |
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Date of Birth/Age : |
15.08.1950 |
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Qualification : |
B. Com |
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Date of Appointment : |
27.10.2007 |
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DIN No.: |
00191844 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Note:
Shareholding details file attached.
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
10.00 |
|
Directors
or relatives of directors |
|
80.27 |
|
Others
|
|
9.73 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Publication of Newspaper and Periodicals. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
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Bankers : |
·
Bank of Baroda, Bhadra Branch, Ahmedabad, Gujarat, India ·
HDFC Bank Limited, Navrangpura
Branch ·
State Bank of |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Sorab S. Engineer and
Company Chartered Accountants |
|
Address : |
381, Ismail Building, Dr. Naoroji
Road, Fort, Mumbai – 400 001, Maharashtra, India |
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PAN No.: |
AAAFS5191E |
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|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives |
·
Gujarat Samachar Inc,
United States ·
Amrut Investments, India |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.200/- each |
Rs.2.000 millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.200/- each |
Rs.2.000 millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7969 |
Equity Shares |
Rs.200/- each |
Rs.1.594 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.594 |
1.594 |
1.594 |
|
(b) Reserves & Surplus |
9176.650 |
7997.055 |
7005.134 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9178.244 |
7998.649 |
7006.728 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
6.870 |
6.360 |
5.850 |
|
Total Non-current Liabilities (3) |
6.870 |
6.360 |
5.850 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
544.921 |
608.359
|
1207.411
|
|
(c) Other current
liabilities |
293.990 |
272.983
|
208.546
|
|
(d) Short-term provisions |
67.804 |
62.322
|
59.992
|
|
Total Current Liabilities (4) |
906.715 |
943.664 |
1475.949 |
|
|
|
|
|
|
TOTAL |
10091.829 |
8948.673 |
8488.527 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
748.561 |
805.920 |
300.142 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
84.625 |
46.998 |
57.680 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6616.417 |
4488.089 |
3339.043 |
|
(c) Deferred tax assets (net) |
24.854 |
16.681 |
21.139 |
|
(d) Long-term Loan and Advances |
930.751 |
1060.643 |
755.023 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
1200.000 |
|
Total Non-Current Assets |
8405.208 |
6418.331 |
5673.027 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
586.168 |
811.375
|
991.537
|
|
(c) Trade receivables |
788.495 |
643.596
|
607.811
|
|
(d) Cash and cash
equivalents |
247.404 |
977.003
|
1075.505
|
|
(e) Short-term loans and
advances |
52.630 |
74.226
|
91.356
|
|
(f) Other current assets |
11.924 |
24.142
|
49.291
|
|
Total Current Assets |
1686.621 |
2530.342 |
2815.500 |
|
|
|
|
|
|
TOTAL |
10091.829 |
8948.673 |
8488.527 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
4364.523 |
3826.710 |
3514.677 |
|
|
|
Other Income |
426.441 |
493.129 |
343.226 |
|
|
|
TOTAL (A) |
4790.964 |
4319.839 |
3857.903 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2244.230 |
2105.420 |
1776.888 |
|
|
|
Purchases of stock-in-trade |
44.440 |
0.000 |
20.196 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
0.000 |
0.000 |
1776.888 |
|
|
|
Employee benefit expense |
120.474 |
107.122 |
95.439 |
|
|
|
Other expenses |
646.587 |
597.477 |
498.388 |
|
|
|
TOTAL (B) |
3055.731 |
2810.019 |
4167.799 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1735.233 |
1509.820 |
(309.896) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.268 |
8.955 |
0.671 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1734.965 |
1500.865 |
(310.567) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
71.865 |
52.587 |
41.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1663.100 |
1448.278 |
(351.675) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
441.827 |
417.458 |
410.168 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1221.273 |
1030.820 |
(761.843) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1987.431 |
1850.717 |
2073.769 |
|
|
|
Capital Goods |
3.665 |
5.133 |
1.904 |
|
|
|
Stores & Spares |
0.000 |
3.121 |
23.861 |
|
|
TOTAL IMPORTS |
1991.096 |
1858.971 |
2099.534 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
153253.00 |
129354.00 |
(127374.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
25.49
|
23.86
|
(19.75)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
38.10
|
37.85
|
(10.01)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
49.41
|
32.94
|
(7.37)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.18
|
(0.05)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
2.68
|
1.91
|
LOCAL AGENCY FURTHER INFORMATION
Details of Current Maturities of Long Term
Debt: Not Available
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter involved
in |
Yes |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
LITIGATION
DETAILS:
HIGH COURT OF GUJARAT
|
|
SPECIAL CIVIL
APPLICATION No. 14328 of 2013 |
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Status : PENDING |
( Converted from
: C/ST/14273/2013 ) |
CCIN No :
001021201314328 |
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S.NO. |
Name of the Petitioner |
Advocate On Record |
|||||||||
|
1 |
MESSERS VANDAN CONSTRUCTION - PARTNERSHIP FIRM |
MR SHIVANG M SHAH for: Petitioner(s) |
|||||||||
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S.NO. |
Name of the Respondant |
Advocate On Record |
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1 |
LOK PRAKASHAN LTD THROUGH AUTHORISED SIGNATORY |
MR TEJAS P SATTA for :Respondent(s) |
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Presented On |
: 10/09/2013 |
Registered On |
: 12/09/2013 |
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||||||
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Bench Category |
: - |
District |
: MAHESANA |
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||||||
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Case Originated From |
: THROUGH ADVOCATE |
Listed |
: 9 times |
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||||||
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Stage Name |
: NOTICE AND ADJOURNED MATTERS |
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Classification |
SJ - NON-SERVICE - LOWER COURT - CODE OF
CIVIL PROCEDURE, 1908 - OTHER MISCELLANEOUS MATTERS |
|
Act |
CIVIL PROCEDURE CODE, 1908 |
Office Details
|
|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|
1 |
10/09/2013 |
VAKALATNAMA |
MR SHIVANG M SHAH ADVOCATE |
5 |
MR SHIVANG M
SHAH(5916) for P:1 |
|
2 |
10/09/2013 |
MEMO OF APPEAL/PETITION/SUIT |
MR SHIVANG M SHAH ADVOCATE |
100 |
MR SHIVANG M
SHAH(5916), for P:1 |
|
3 |
23/10/2013 |
VAKALATNAMA |
MR TEJAS P SATTA ADVOCATE |
5 |
MR TEJAS P
SATTA(3149) for R:1 |
Court Proceedings
|
|
S. No. |
Notified Date |
CourtCode |
Board Sr. No. |
Stage |
Action |
Coram |
|
1 |
16/09/2013 |
12 |
4 |
FOR REGULAR
ADMISSION |
FIXED NOTICE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
2 |
08/10/2013 |
12 |
92 |
NOTICE AND
ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
3 |
24/10/2013 |
12 |
84 |
NOTICE AND
ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
4 |
28/11/2013 |
12 |
106 |
NOTICE AND
ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
5 |
13/12/2013 |
12 |
56 |
NOTICE AND ADJOURNED
MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
6 |
24/12/2013 |
12 |
107 |
NOTICE AND
ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
7 |
13/01/2014 |
13 |
66 |
NOTICE AND
ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI HONOURABLE MR.JUSTICE K.M.THAKER |
|
8 |
05/02/2014 |
13 |
66 |
NOTICE AND
ADJOURNED MATTERS |
|
HONOURABLE MR.JUSTICE K.M.THAKER |
Available Orders
|
|
S. No. |
Case Details |
Judge Name |
Order Date |
CAV |
Judgement |
Questions |
Transferred |
|
1 |
SPECIAL CIVIL APPLICATION/14328/2013 |
HONOURABLE SMT.
JUSTICE ABHILASHA KUMARI |
16/09/2013 |
N |
ORDER |
- |
Y |
|
2 |
SPECIAL CIVIL APPLICATION/14328/2013 |
HONOURABLE SMT. JUSTICE
ABHILASHA KUMARI |
24/10/2013 |
N |
ORDER |
- |
Y |
|
3 |
SPECIAL CIVIL APPLICATION/14328/2013 |
HONOURABLE SMT.
JUSTICE ABHILASHA KUMARI |
28/11/2013 |
N |
ORDER |
- |
Y |
|
4 |
SPECIAL CIVIL APPLICATION/14328/2013 |
HONOURABLE SMT. JUSTICE
ABHILASHA KUMARI |
13/12/2013 |
N |
ORDER |
- |
Y |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90102383 |
29/07/2004 |
750,000,000.00 |
BANK OF BARODA |
BHADRA; LAL
DARWAJA, AHMEDABAD, GUJARAT - 380001, INDIA |
- |
|
2 |
90099786 |
19/02/2004 |
545,000,000.00 |
CENTRAL BANK OF
INDIA |
LALDARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
3 |
90098291 |
24/12/1997 * |
125,000,000.00 |
STATE BANK OF
INDIA |
COMMERCIAL
BRANCH, AHMEDABAD, GUJARAT, INDIA |
- |
|
4 |
90098251 |
01/12/1997 * |
175,000,000.00 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
IDBI TOWER,
BOMBAY, MAHARASHTRA - 400005, INDIA |
- |
|
5 |
90097931 |
01/12/1997 * |
70,000,000.00 |
BANK OF BARODA |
BHADRA BRANCH,
AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
6 |
90097815 |
25/12/1993 * |
8,000,000.00 |
BANK OF BARODA |
AHMEDABAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
7 |
90097643 |
01/10/1992 * |
15,000,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT - 380001, INDIA |
- |
|
8 |
90101372 |
27/11/1991 |
9,000,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
9 |
90097217 |
13/02/1987 |
9,000,000.00 |
GUJARAT INDUSTRIAL
INVESTMENT CORPORATION LIMITED |
CHUNIBHAI
CHAMBERS, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
10 |
90101240 |
13/12/1986 |
2,000,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
11 |
90097199 |
31/07/1986 |
4,613,800.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
12 |
90097134 |
16/06/1984 |
3,000,000.00 |
CITY COOP. BANK
LIMITED |
REVDI BAZAR,
AHMEDABAD, GUJARAT, INDIA |
- |
|
13 |
90097113 |
22/04/1983 * |
11,000,000.00 |
VIJAY CO-OP.BANK
LIMITED |
AHMEDABAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
14 |
90097110 |
17/03/1983 |
6,506,100.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
15 |
90101191 |
18/12/1984 * |
1,200,000.00 |
CNETRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
16 |
90096261 |
30/04/1982 |
8,000,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
17 |
90097068 |
02/02/1983 * |
3,300,000.00 |
GUJARAT INDUSTRIAL
INVESTMENT CORPORATION LIMITED |
CHUNIBHAI
CHAMBERS, NAVRANGAPURA, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
18 |
90097062 |
19/02/1987 * |
3,000,000.00 |
GUJARAT STATE
FINANCIAL CORPORATION |
JALDARSHAN BUILDING,
ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
- |
|
19 |
90097046 |
25/11/1977 |
400,000.00 |
SURAT INVESTMENT |
91; RATAN POLE,
AHMEDABAD, GUJARAT, INDIA |
- |
|
20 |
90100145 |
16/07/1976 |
700,000.00 |
CENTRAL BANK OF
INDIA |
LAL DARWAJA, AHMEDABAD,
GUJARAT, INDIA |
- |
|
21 |
90097022 |
23/01/1970 |
925,000.00 |
CENTRAL BANK OF
INDIA |
GANDHI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
22 |
90097020 |
24/03/1969 |
750,000.00 |
TE CENTRAL BANK
OF INDIA LIMITED |
GANDHI ROAD, AHMEDABAD,
GUJARAT, INDIA |
- |
|
23 |
90097014 |
05/09/1966 |
200,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
24 |
90097011 |
07/07/1965 |
200,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD, AHMEDABAD,
GUJARAT, INDIA |
- |
|
25 |
90097010 |
10/10/1963 |
200,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
26 |
90096252 |
24/05/1963 |
700,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD, AHMEDABAD,
GUJARAT, INDIA |
- |
|
27 |
90097005 |
28/06/1960 |
600,000.00 |
THE BANK OF
BARODA LIMITED |
GHANDI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
28 |
90096251 |
07/06/1960 |
600,000.00 |
THE BANK OF
BARODA LIMITED |
GHANDI ROAD, AHMEDABAD,
GUJARAT, INDIA |
- |
|
29 |
90097004 |
05/03/1960 |
100,000.00 |
THE BANK OF
BARODA LIMITED |
GANDHI ROAD,
AHMEDABAD, GUJARAT, INDIA |
- |
|
30 |
90101161 |
10/02/1958 |
50,000.00 |
THE BANK OF
BARODA LIMITED |
BHADRA,
AHMEDABAD, GUJARAT, INDIA |
- |
|
31 |
90097003 |
08/10/1957 |
50,000.00 |
THE BANK OF
INDIA LIMITED |
AHMEDABAD,
AHMEDABAD, GUJARAT, INDIA |
- |
* Date of charge modification
COMPANY BACKGROUND:
The Company is in the
business of publishing newspapers. The Company’s Product “Gujarat Samachar” is the largest read Gujarati language daily
newspaper in India. Presently, the Company distributes editions from Ahmedabad, Vadodara, Surat, Rajkot, Bhavnagar, Mumbai, Mehsana and Bhuj. The Company derives its revenue mainly from the sale
of these publications and advertisements published in the publications.
OPERATIONAL PERFORMANCE:
The Company has
received income of Rs.1150.741 millions (Previous Year Rs.932.133 millions) from
Sales and Subscription, Rs.3166.103 millions (Previous Year Rs.2841.719
millions) from Advertisements and Rs.474.120 millions (previous year Rs.545.987
millions) towards other income, which includes Interest, Dividends and others.
Company has achieved total income of Rs.4790.964 millions as against total
income of previous year Rs.4319.839 millions. Thus, Company has tremendous
growth record. The Company is Deploying its surplus fund into investment in
Primary Market and Secondary Market including Bonds and Mutual Fund. Further
investment has been made in Land, Plant and Machinery, Gold and others also.
FIXED ASSETS:
·
·
Building
·
Plant and Machinery
·
Electric Fittings
·
Office Equipment
·
Furniture and Fixture
·
Library
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No 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.62.69 |
|
|
1 |
Rs.102.97 |
|
Euro |
1 |
Rs.84.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
61 |
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.