1. Summary Information
|
|
|
Country |
|
|
Company Name |
JAGATI PUBLICATIONS LIMITED |
Principal Name 1 |
Mr. Yeduguri Sandinti Bharathi Reddy |
|
Status |
Moderate |
Principal Name 2 |
Mr. Yerramreddy Eswara Prasada Reddy |
|
|
|
Registration # |
01-051651 |
|
Street Address |
6-3-249/1, Sakshi Towers, Road No: 1,
Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India |
||
|
Established Date |
14.11.2006 |
SIC Code |
-- |
|
Telephone# |
91-40-23256000 |
Business Style 1 |
Printing |
|
Fax # |
91-40-23305113 |
Business Style 2 |
Publication |
|
Homepage |
Product Name 1 |
Newspapers |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.1,061,418,150/-
|
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate- 97.62%, Directors or relatives of
directors- 0.01%, Other to fifty shareholders- 2.37% |
Banking |
Oriental Bank of Commerce |
|
Public Limited Corp. |
No |
Business Period |
7 years |
|
IPO |
No |
International Ins. |
-- |
|
Public Enterprise |
No |
Rating |
B (32) |
|
Related
Company |
|||
|
Relation - |
Country |
Company
Name |
CEO |
|
Subsidiary Company |
-- |
Indira Television Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,558,072,000 |
Current Liabilities |
343,452,000 |
|
Inventories |
578,700,000 |
Long-term Liabilities |
77,000,000 |
|
Fixed Assets |
2,896,866,000 |
Other Liabilities |
64,751,000 |
|
Deferred Assets |
278,980,000 |
Total Liabilities |
485,203,000 |
|
Invest& other Assets |
1,786,640,000 |
Retained Earnings |
7,552,637,000 |
|
|
|
Net Worth |
8,614,055,000 |
|
Total Assets |
9,099,258,000 |
Total Liab. & Equity |
9,099,258,000 |
|
Total Assets (Previous Year) |
9,355,370,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
3,857,543,000 |
Net Loss |
(336,471,000) |
|
Sales(Previous yr) |
3,839,917,000 |
Net Loss (Prev.yr) |
(372,051,000) |
|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
JAGATI PUBLICATIONS LIMITED (w.e.f.
12.01.2009) |
|
|
|
|
Formerly Known
As : |
JAGATI PUBLICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6-3-249/1, Sakshi Towers, Road No: 1,
Banjara Hills, Hyderabad – 500034, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.11.2006 |
|
|
|
|
Com. Reg. No.: |
01-051651 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1061.418
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22212AP2006PLC051651 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDJ01525G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ7667G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of Printing and Publication of
Newspapers. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 34000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a publisher of Sakshi, a Telugu Newspaper. It is an established company having a moderate track record. The management has consecutively incurred losses for some of the
previous years. However, the networth of the company appears to be strong and
there are very few external borrowing recorded during 2013. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. In view of experienced management team, the subject 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of Credit = A4+ |
|
Rating Explanation |
Having minimal degree of safety regarding timely payment of financial obligation
it carry very high credit risk and susceptible to default. |
|
Date |
September 2012 |
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 / Head Office : |
6-3-249/1, |
|
Tel. No.: |
91-40-23256000 / 23303829 / 23303849 |
|
Fax No.: |
91-40-23305113 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
8-2-120/86/3, Plot No.G1, Krishna Sindhu Residency, Road No.3, Banjara Hills, |
|
|
|
|
Branches : |
Located At : · Bangalore · Chennai · Delhi · Mumbai · Ananthapur · Guntur · Kadapa · Karimnagar · Khammam · Kurnool · Mahaboob Nagar · Nalgonda · Nellore · Ongole · Nizamabad · Rajahmundry · Srikakulam · Tadepalligudem · Tirupathi · Vijaywada · Viskhapatnam · Warangal |
DIRECTORS
As on 21.09.2013
|
Name : |
Mr. Yerramreddy Eswara Prasada Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No. 424, Road 78, Jubilee Hills, |
|
Date of Birth/Age : |
26.09.1957 |
|
Date of Appointment : |
21.06.2007 |
|
DIN No.: |
01600777 |
|
|
|
|
Name : |
Mr. Yeduguri Sandinti Bharathi Reddy |
|
Designation : |
Chairman |
|
Address : |
Plot.No.3, Huda Heights, Lotus pond Residency, Road.No.12,
Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
09.12.1973 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
01580536 |
|
|
|
|
Name : |
Mr. Sajjala Ramakrishna Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
H.No.7-56/322 to 324 Prashanti Hills, Raiding Navkhaisa, Seriingampallt Hyderabad - 500008, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.06.1958 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
00155903 |
|
|
|
|
Name : |
Mr. Kalva Raja Prasad Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
1-1503, Aparna Sarovar Kanche Gatchibowli, Gopannapally, R.R. District, Hyderabad – 500046, Andhra Pradesh, India |
|
Date of Birth/Age : |
12.09.1956 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
01686981 |
|
|
|
|
Name : |
Mr. Paladugu Venkata Krishna Prasad |
|
Designation : |
Whole Time Director |
|
Address : |
94, Eshwar Vilas, Nizampet, Quthubulapur, Ranga Reddy – 500072, |
|
Date of Birth/Age : |
04.01.1965 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
01920182 |
|
|
|
|
Name : |
Mr. Honnappanahalli V Eswaraiah |
|
Designation : |
Director |
|
Address : |
16, Kalyan III Temple Street, 15th cross, Malleswaram,
Bangalore – 560003, Karnataka, India |
|
Date of Birth/Age : |
04.05.1939 |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
00870590 |
|
|
|
|
Name : |
Mr. Vemireddy Sreedhar Reddy |
|
Designation : |
Director |
|
Address : |
4-1-1236/9, King Koti Road, Abids, Hyderabad – 500001, Andhra Pradesh,
India |
|
Date of Birth/Age : |
31.05.1959 |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
01659685 |
|
|
|
|
Name : |
Mr. Amtur Narayan Prakash Rao |
|
Designation : |
Director |
|
Address : |
No.410, VBHS, 7th Main, 9th Cross, Behind IIM, Bangergatta
Road, Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
12.06.1947 |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
02076365 |
KEY EXECUTIVES
|
Name : |
Mr. Chityala Prabhu Narasimha Karthik |
|
Designation : |
Secretary |
|
Address : |
Plot No. 107, Street No.4, Uday nagar Colony, Boduppal, |
|
Date of Birth/Age : |
07.07.1982 |
|
Date of Appointment : |
17.08.2009 |
|
PAN No.: |
BINPK7489R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
As on 21.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
97.62 |
|
Directors or relatives of Directors |
0.01 |
|
Other top fifty shareholders |
2.37 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Printing and Publication of
Newspapers. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· Oriental Bank of Commerce, Plot No.52, Road No.5, Venkatagiri Colony, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India · Indian Overseas Bank · State Bank of Hyderabad, Banjara Hills, Hyderabad, India |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
IVS and Associates Chartered Accountants |
|
Address : |
8-2-248/B/5, Plot No. 10, Journalist Colony, Road No.3, Banjara Hills,
|
|
Tel. No.: |
91-40-23359977 |
|
PAN No.: |
AACFI3395Q |
|
|
|
|
Ultimate Holding Company
: |
Sandur Power Company Limited |
|
|
|
|
Holding Company : |
Carmel Asia Holdings Private Limited |
|
|
|
|
Subsidiary Company
: |
Indira Television Limited (extent of holding – 82.05%) |
|
|
|
|
Enterprises with
whom the Company has transacted where key management personnel exercise
significant influence |
· Indira Television Limited · Janani Infrastructure Private Limited · Shalom Infrastructure Private Limited · Bharathi Cement Corporation Private Limited |
CAPITAL STRUCTURE
As on 21.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
106558481 |
Equity Shares |
Rs.10/- each |
Rs.1065.585
Millions |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
106141800 |
Equity Shares |
Rs.10/- each |
Rs.1061.418
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 |
|
1061.418 |
1061.418 |
|
(b) Reserves & Surplus |
|
7552.637 |
7889.108 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.012 |
|
Total
Shareholders’ Funds (1) + (2) |
|
8614.055 |
8950.538 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
64.028 |
8.119 |
|
Total Non-current Liabilities (3) |
|
64.028 |
8.119 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
77.000 |
0.000 |
|
(b) Trade payables |
|
77.063 |
144.779 |
|
(c) Other current
liabilities |
|
266.389 |
251.274 |
|
(d) Short-term provisions |
|
0.723 |
0.660 |
|
Total Current Liabilities (4) |
|
421.175 |
396.713 |
|
|
|
|
|
|
TOTAL |
|
9099.258 |
9355.370 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2857.096 |
3014.008 |
|
(ii) Intangible Assets |
|
39.770 |
14.666 |
|
(iii) Capital
work-in-progress |
|
61.971 |
8.249 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1724.669 |
1656.069 |
|
(c) Deferred tax assets (net) |
|
278.980 |
198.979 |
|
(d) Long-term Loan and Advances |
|
536.978 |
478.172 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
5499.464 |
5370.143 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
578.700 |
1232.758 |
|
(c) Trade receivables |
|
1224.118 |
1167.343 |
|
(d) Cash and cash
equivalents |
|
1561.593 |
1382.476 |
|
(e) Short-term loans and
advances |
|
227.759 |
201.659 |
|
(f) Other current assets |
|
7.624 |
0.991 |
|
Total Current Assets |
|
3599.794 |
3985.227 |
|
|
|
|
|
|
TOTAL |
|
9099.258 |
9355.370 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1061.418 |
|
|
2] Share Application Money |
|
|
0.012 |
|
|
3] Reserves & Surplus |
|
|
11399.855 |
|
|
4] (Accumulated Losses) |
|
|
(3138.695) |
|
|
NETWORTH |
|
|
9322.590 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9322.590 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3234.353 |
|
|
Capital work-in-progress |
|
|
24.513 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1396.869 |
|
|
DEFERREX TAX ASSETS |
|
|
130.843 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1016.329
|
|
|
Sundry Debtors |
|
|
957.019
|
|
|
Cash & Bank Balances |
|
|
2490.625
|
|
|
Other Current Assets |
|
|
3.075
|
|
|
Loans & Advances |
|
|
459.184
|
|
Total
Current Assets |
|
|
4926.232
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
106.704
|
|
|
Other Current Liabilities |
|
|
274.739
|
|
|
Provisions |
|
|
8.777
|
|
Total
Current Liabilities |
|
|
390.220
|
|
|
Net Current Assets |
|
|
4536.012
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9322.590 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3857.543 |
3839.917 |
3639.850 |
|
|
|
Other Income |
90.583 |
176.150 |
183.659 |
|
|
|
TOTAL (A) |
3948.126 |
4016.067 |
3823.509 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2456.792 |
2534.838 |
-- |
|
|
|
Manufacturing Expenditure |
-- |
-- |
3806.322 |
|
|
|
Employee benefit expense |
310.704 |
68.632 |
--- |
|
|
|
Other expenses |
1375.515 |
1609.306 |
-- |
|
|
|
Administrative and Other Expenses |
-- |
-- |
568.069 |
|
|
|
TOTAL (B) |
4143.011 |
4212.776 |
4374.391 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(194.885) |
(196.709) |
(550.882) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
19.603 |
23.389 |
13.293 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(214.488) |
(220.098) |
(564.175) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
201.984 |
220.089 |
182.133 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(416.472) |
(440.187) |
(746.308) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(80.001) |
(68.136) |
(130.843) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(336.471) |
(372.051) |
(615.465) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(3510.746) |
(3138.695) |
(2523.230) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(3847.217) |
(3510.746) |
(3138.695) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1586.370 |
2390.456 |
2638.673 |
|
|
|
Capital Goods |
32.692 |
11.602 |
0.000 |
|
|
TOTAL IMPORTS |
1619.062 |
2402.058 |
2638.673 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
(3.17) |
(3.51) |
(6.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(8.52)
|
(0.09) |
(16.10)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(10.80)
|
(11.46) |
(20.50)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.92)
|
(5.88) |
(9.15)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05)
|
(0.05) |
(0.08)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01
|
0.00 |
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.55
|
10.05 |
12.62
|
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 |
Yes |
OPERATIONS AND FUTURE
OUTLOOK
Today ‘Sakshi’ Telugu daily has established itself as a strong alternate media in the entire State of Andhra Pradesh and other Metros of the country. Readers have accepted ‘Sakshi’ as credible daily inspite of the presence of several prominent daily Newspapers. ‘Sakshi’ has been growing consistently with an impressive track record and today it holds second place in the State of Andhra Pradesh.
As per the latest ABC audit certificate ‘Sakshi’ has a circulation of 13.38 Lakh copies per day for the period of July 2012 to December 2012 and a total readership of 143.42 lakhs as per the IRS for the end of last quarter 2012.
We have revised the cover price from Rs.3/- to Rs.4/- per copy on weekday’s w.e.f. 20.10.2012 and from Rs.3.50/- to Rs.5/- on Sundays w.e.f.21.10.2012; now the cover price is equal to that of vernacular publications in the local market, this had become inevitable due to sharp increase in the cost of newsprint which is major cost component due to heavy slide in rupee exchange rate and other inputs.
Due to a G.O. issued by the Government of Andhra Pradesh to withhold the Government advertisements to ‘Sakshi’, there was a decrease in advertisement revenue for a period of four months. This has led to a steep fall in the revenue from the Government advertisements and also affected the commercial business due to general disturbance in the market.
Due to the commitment to quality journalism, editorial excellence and dynamic marketing efforts, the readership has grown.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
77.000 |
0.000 |
|
Total |
77.000 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10084046 |
22/08/2009 * |
950,000,000.00 |
ORIENTAL BANK OF COMMERCE |
PLOT NO.52, ROAD NO.5, JUBILEE HILLS, HYDERABAD, ANDHRA PRADESH - 500033, INDIA |
A69740389 |
* Date of charge modification
FIXED ASSETS
· Computers
· Furniture and Fixture
· Office Equipments
· Plant and Machinery
· Vehicles
· Networking Equipment
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.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.