1. Summary Information
|
Country |
India |
||
|
Company Name |
USHODAYA
ENTERPRISES PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramoji Rao |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ramamohana Rao Atluri |
|
Registration # |
01-001763 |
||
|
Street Address |
Enadu Compound, 6-3-570, Somajiguda,
Hyderabad - 500 082, Andhra Pradesh, India |
||
|
Established Date |
19.12.1973 |
SIC Code |
-- |
|
Telephone# |
91-40-23318181 |
Business Style 1 |
Publishing News Papers |
|
Fax # |
91-40-23318555 |
Business Style 2 |
Satellite Television |
|
Homepage |
Product Name 1 |
Broadcasting and Manufacturing |
|
|
# of employees |
3000 [Approximately] |
Product Name 2 |
Food products |
|
Paid up capital |
Rs.
12,628,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies
corporate 39.04%, Directors or
relatives of directors 60.96% |
Banking |
Union
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
40 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries : |
-- |
L. Chimanlal Industries Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,882,236,000 |
Current Liabilities |
1,243,055,000 |
|
Inventories |
1,432,723,000 |
Long-term Liabilities |
1,896,046,000 |
|
Fixed Assets |
3,405,503,000 |
Other Liabilities |
360,582,000 |
|
Deferred Assets |
000 |
Total Liabilities |
3,499,683,000 |
|
Invest& other Assets |
3,105,245,000 |
Retained Earnings |
9313,396,000 |
|
|
|
Net Worth |
9,326,024,000 |
|
Total Assets |
12,825,707,000 |
Total Liab. & Equity |
12,825,707,000 |
|
Total Assets (Previous Year) |
10,366,362,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
7,015,000,000 |
Net Profit |
743,100,000 |
|
Sales(Previous yr) |
6,254,800,000 |
Net Profit(Prev.yr) |
851,100,000 |
MIRA INFORM REPORT
|
Report Date : |
25.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
USHODAYA ENTERPRISES PRIVATE LIMITED [w.e.f. 28.03.2007] |
|
|
|
|
Formerly Known
As : |
USHODAYA ENTERPRISES LIMITED USHODAYA PUBLICATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Enadu Compound,
6-3-570, Somajiguda, Hyderabad - 500 082, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.12.1973 |
|
|
|
|
Com. Reg. No.: |
01-001763 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.12.628
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999AP1973PTC001763 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDU00425F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU2690P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Publishing News Papers, Satellite Television, Broadcasting and Manufacturing of Food Products. |
|
|
|
|
No. of Employees
: |
3000 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 37304000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is decent. However, trade relations
are reported to be fair. Business is active. Payments are reported to be
regular and as per commitment. The company can be considered normal for business dealing at usual
trade term 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 – 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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
A+ [Long Term Loans] |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
May 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A1+ [Short Term Fund Based Facilities] |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
May 2013 |
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 PARTED BY
|
Name : |
Mr. Shyam Rao |
|
Designation : |
Assistant Manager of Finance |
|
Contact No.: |
91-40-23318181 |
|
Date : |
25.03.2014 |
LOCATIONS
|
Registered Office : |
Enadu Compound,
6-3-570, Somajiguda, |
|
Tel. No.: |
91-40-23318181 |
|
Fax No.: |
91-40-23318555 /
23323186 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6 storied |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.A1/1
(Part), Block No.3, IDA, Uppal, Hyderabad-500082, |
|
Tel. No.: |
91-40-27200351/ 27720354/
23220446/ 232200440/ 232200421/ 55666638 |
|
Fax No.: |
91-40-27200248/
27202596 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ramoji Rao |
|
Designation : |
Chairman and
Editor |
|
Address : |
Chiramal’s
Residency, |
|
Date of Birth/Age : |
16.11.1936 |
|
Date of Appointment : |
12.08.1974 |
|
Din No.: |
00089012 |
|
|
|
|
Name : |
Mr. Kiron Cherukuri |
|
Designation : |
Managing Director |
|
Address : |
3 |
|
Date of Birth/Age : |
21.05.1962 |
|
Date of Appointment : |
01.02.1996 |
|
Din No.: |
00833663 |
|
|
|
|
Name : |
Mr. Ramamohana Rao Atluri |
|
Designation : |
Director |
|
Address : |
104, Jubilee
Hills Co-Operative Housing Society, Colony Banjara Hills, |
|
Date of Birth/Age : |
05.10.1935 |
|
Date of Appointment : |
05.03.1986 |
|
Din No.: |
01557190 |
|
|
|
|
Name : |
Mr. Venkat Idupuganti |
|
Designation : |
Director |
|
Address : |
10-3-56/401,
Ranga Fort, East Marredpally, Secunderabad – 500 026, |
|
Date of Birth/Age : |
14.10.1947 |
|
Date of Appointment : |
01.01.1989 |
|
Din No.: |
00089679 |
|
|
|
|
Name : |
Vijayeswari Cherukuri |
|
Designation : |
Director |
|
Address : |
Chairman’s Residence, Ramoji Film City, Ranga Reddy-501542, Andhra
Pradesh, India |
|
Date of Birth/Age : |
20.04.1969 |
|
Date of Appointment : |
18.10.2012 |
|
Din No.: |
00089722 |
|
|
|
|
Name : |
Sailaja Cherukuri |
|
Designation : |
Director |
|
Address : |
8-2-293/82/A/1220, Road No. 36, Jubilee Hills, Hyderabad-500034,
Andhra Pradesh, India |
|
Date of Birth/Age : |
28.11.1965 |
|
Date of Appointment : |
18.10.2012 |
|
Din No.: |
00093906 |
|
|
|
|
Name : |
Sahari Cherukuri |
|
Designation : |
Director |
|
Address : |
8-2-293/82/A/1220, Road No. 36, Jubilee Hills, Hyderabad-500034,
Andhra Pradesh, India |
|
Date of Birth/Age : |
23.07.1993 |
|
Date of Appointment : |
18.10.2012 |
|
Din No.: |
06408368 |
KEY EXECUTIVES
|
Name : |
Mr. Srinivas Gajjala |
|
Designation : |
Secretary |
|
Address : |
Flat No. 5C, A R Elegance Apartments, 2-2-647/77/G/23/24, SBI Officers
Colony, Bagh Amberpet, |
|
Date of Birth/Age : |
04.02.1958 |
|
Date of Appointment : |
01.10.1996 |
|
Pan No.: |
ACWPG9764F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ramoji Rao (HUF) |
|
72600 |
|
Equator Trading Enterprises Private Limited, India |
|
27500 |
|
Anu Trading Private Limited, India |
|
21750 |
|
Kiron Cherukuri (HUF) |
|
4270 |
|
T. V. Krishna Rao |
|
100 |
|
Ramamohana Rao Atluri |
|
20 |
|
Maagadarsi Chitfund Private Limited, India |
|
10 |
|
Manpower Selection and Management Services Private Limited, India |
|
10 |
|
Ushakiron Movies Limited, India |
|
10 |
|
Colorama Printers Private Limited |
|
10 |
|
|
|
|
|
TOTAL
|
|
126280 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
39.04 |
|
Directors
or relatives of directors |
|
60.96 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Publishing News Papers, Satellite Television, Broadcasting and Manufacturing of Food Products. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Food Products |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
LC / Cash and Credit [Advance Payment / Cheque] Depends |
|
|
|
|
Purchasing : |
LC / Cash and Credit [Advance Payment / Cheque] Depends |
GENERAL INFORMATION
|
No. of Employees : |
3000 [Approximately] |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Brahmayya and
Company Chartered
Accountants |
|
Address : |
102 JVR Residency, Near Nature Cure Hospital, 7-1-218/1
Balkampet, Hyderabad – 500016,
Andhra Pradesh, |
|
PAN No: |
AADFB8032G |
|
|
|
|
Subsidiaries : |
L. Chimanlal Industries
Private Limited [U28110AP1969PTC001294] |
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.1500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
126280 |
Equity Shares |
Rs.10/- each
|
Rs.12.628
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 |
|
12.628 |
12.628 |
|
(b) Reserves & Surplus |
|
9313.396 |
8570.364 |
|
(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) |
|
9326.024 |
8582.992 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
1507.763 |
142.065 |
|
(b) Deferred tax liabilities (Net) |
|
17.432 |
0.000 |
|
(c)
Other long term liabilities |
|
322.143 |
283.048 |
|
(d)
Long-term provisions |
|
305.138 |
204.220 |
|
Total
Non-current Liabilities (3) |
|
2152.476 |
629.333 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
388.283 |
336.145 |
|
(b)
Trade payables |
|
533.904 |
535.970 |
|
(c)
Other current liabilities |
|
387.008 |
244.941 |
|
(d)
Short-term provisions |
|
38.012 |
36.981 |
|
Total
Current Liabilities (4) |
|
1347.207 |
1154.037 |
|
|
|
|
|
|
TOTAL |
|
12825.707 |
10366.362 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
3360.257 |
2520.989 |
|
(ii)
Intangible Assets |
|
45.246 |
25.784 |
|
(iii)
Capital work-in-progress |
|
273.967 |
93.590 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
2427.114 |
2419.600 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
170.700 |
258.707 |
|
(e)
Other Non-current assets |
|
2.281 |
8.063 |
|
Total
Non-Current Assets |
|
6279.565 |
5326.733 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
404.164 |
140.242 |
|
(b)
Inventories |
|
1432.723 |
1372.946 |
|
(c)
Trade receivables |
|
1471.238 |
1218.947 |
|
(d)
Cash and cash equivalents |
|
2036.287 |
1310.642 |
|
(e)
Short-term loans and advances |
|
124.889 |
110.604 |
|
(f)
Other current assets |
|
1076.841 |
886.248 |
|
Total
Current Assets |
|
6546.142 |
5039.629 |
|
|
|
|
|
|
TOTAL |
|
12825.707 |
10366.362 |
|
SOURCES
OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.628 |
|
|
2] Share
Application Money |
|
|
0.000 |
|
|
3] Reserves &
Surplus |
|
|
7719.283 |
|
|
4] Profit and
Loss Account |
|
|
0.000 |
|
NETWORTH
|
|
|
7731.911 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
685.534 |
|
|
2] Unsecured
Loans |
|
|
0.000 |
|
TOTAL
BORROWING
|
|
|
685.534 |
|
DEFERRED TAX LIABILITIES
|
|
|
0.000 |
|
|
|
|
|
|
|
TOTAL
|
|
|
8417.445 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net
Block]
|
|
|
2030.943 |
|
Capital Work in
Progress
|
|
|
89.160 |
|
|
|
|
|
|
|
INVESTMENT
|
|
|
2610.085 |
|
DEFERREX TAX ASSETS
|
|
|
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS
& ADVANCES
|
|
|
|
|
|
|
Inventories
|
|
|
1401.044
|
|
|
Sundry Debtors
|
|
|
1115.739
|
|
|
Cash & Bank
Balances
|
|
|
1101.312
|
|
|
Other Current Assets
|
|
|
33.366
|
|
|
Loans & Advances
|
|
|
1110.168
|
Total Current
Assets
|
|
|
4761.629
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Sundry Creditors
|
|
|
438.289
|
|
|
Current Liabilities
|
|
|
422.229
|
|
|
Provisions
|
|
|
213.854
|
Total Current
Liabilities
|
|
|
1074.372
|
|
Net Current
Assets
|
|
|
3687.257
|
|
|
|
|
|
|
|
MISCELLANEOUS
EXPENSES
|
|
|
0.000 |
|
|
|
|
|
|
|
TOTAL
|
|
|
8417.445 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sale of Newspapers |
|
1700.500 |
1487.300 |
|
|
|
Advertisement Revenue |
|
5314.500 |
4767.500 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
1617.000 |
1417.500 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
110.100 |
42.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1506.900 |
1375.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
356.200 |
304.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT FOR THE
YEAR BEFORE EXCEPTIONAL ITEMS |
|
1150.700 |
1070.400 |
|
|
|
|
|
|
|
|
|
Add/ Less |
EXCEPTIONAL
ITEMS OF EXPENDITURE |
|
80.200 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
1070.500 |
1070.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
327.400 |
219.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
743.100 |
851.100 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
5884.54 |
6739.78 |
|
Expected Sales (2013-14) : Rs.15000.000 Millions.
The above information has been parted by Mr. Shyam Rao.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.57
|
13.63 |
NA
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.12 |
NA
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.20
|
0.05 |
0.09
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.85
|
4.37 |
4.43
|
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 |
|
12.628 |
12.628 |
|
Reserves & Surplus |
|
8570.364 |
9313.396 |
|
Net worth |
|
8,582.992 |
9,326.024 |
|
|
|
|
|
|
long-term borrowings |
|
142.065 |
1507.763 |
|
Short term borrowings |
|
336.145 |
388.283 |
|
Total borrowings |
|
478.210 |
1,896.046 |
|
Debt/Equity ratio |
|
0.056 |
0.203 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
|
6254.800 |
7015.000 |
|
|
|
|
12.154 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
|
6254.800 |
7015.000 |
|
Profit |
|
851.100 |
743.100 |
|
|
|
13.61% |
10.59% |
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 |
Yes |
|
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 three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10473480 |
30/12/2013 |
350,000,000.00 |
UNION BANK OF INDIA |
6-1-67/14,SAIFABAD BRANCH,
FIRST FLOOR,M OPP TO |
B94684222 |
|
2 |
10348164 |
02/11/2012 * |
1,600,000,000.00 |
UNION BANK OF INDIA |
6-1-67/14,SAIFABAD
BRANCH, FIRST FLOOR,M OPP TO |
B61659728 |
|
3 |
10008132 |
27/05/2006 |
5,310,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
6-3-1109/1/P-G2, 2ND
FLOOR, JEWEL PAWANI TOWERS, |
A01594415 |
|
4 |
90116151 |
08/01/2002 |
61,610,000.00 |
IFCI LTD |
IFCI, 61; NEHRU PLACE,
NEW DELHI - 110019, |
- |
|
5 |
90114327 |
30/12/2013 * |
600,000,000.00 |
UNION BANK OF INDIA |
6-1-67/14,SAIFABAD
BRANCH, FIRST FLOOR,M OPP TO |
B94684727 |
* Date of charge modification
|
CASE DETAILS: ITTA 117 / 2014 ITTASR 2945 / 2013 CASE
IS: PENDING
|
||||||||||||||||||||||||
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Fully convertible debentures |
284.130 |
142.065 |
|
TOTAL
|
284.130 |
142.065 |
BUSINESS OPERATIONS:
The income from sale of
newspapers amounted to Rs.1700.500 Millions and advertisement revenue amounted
to Rs.5314.500 Millions during the year, when compared to Rs.1487.300 Millions
and Rs. 4767.500 Millions respectively in the previous year.
Advertising revenue
improved by about 11% compared to previous year due to better ad spends on
print in Andhra Pradesh. However, some of the segments like retail and real
estate sectors reduced their ad spends, due to the disturbed conditions in the
State.
Increase in staff costs and
other operating costs apart from higher interest cost on account of the loans
availed for expansion and modernization, had an impact on profitability margins
during the year.
Various events organized
during the year to enhance reader engagement, have yielded encouraging results,
while creating opportunities for monetizing the same. While the upward price
trend of newsprint came to a halt during the initial part of the year, the
trend has reversed and coupled with the unprecedented weaking of the rupee, the
landed price of newsprint has risen significantly in the current year. In the
background of economic slowdown accompanied by inflationary pressures, the general
outlook for growth in advertising continues to be cautiously optimistic.
NATURE OF OPERATIONS:
Subject is a Company registered under Indian Companies Act, 1956. The Company is engaged in the business of publishing ‘Eenadu’, a Telugu daily through its Publications division, production of programmes in various regional languages and broadcasting them on ETV channels through its Television division, manufacturing of pickles, pastes and ready to eat food items through its Foods division and providing locations on hire for shooting films through its Entertainment division.
FIXED ASSETS:
- Land
- Building
-Factory
-Office
-On
- Temporary
Erections
- Leasehold
Improvements
- Plant and
Machinery
- Data
Processing Equipment
- Furniture and
Fixtures
- Vehicles
- Library
- Live Stock
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.60.70 |
|
|
1 |
Rs.100.11 |
|
Euro |
1 |
Rs.83.81 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.