MIRA INFORM REPORT

Report Date :

27.03.2014

IDENTIFICATION DETAILS

Name :	BENNETT COLEMAN AND COMPANY LIMITED
Registered Office :	The Times of India Building, D N Road, Mumbai - 400001, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	29.11.1913
Com. Reg. No.:	11-000391
Capital Investment / Paid-up Capital :	Rs. 2869.600 Millions
CIN No.: [Company Identification No.]	U22120MH1913PLC000391
TIN No.:	29060084369
PAN No.: [Permanent Account No.]	AAACB4373Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged into Printing and Publishing of Newspapers.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Aa (82)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 246050000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a flagship company of ‘Times Group’. It is one of the oldest and highly respected publishing house in the country. Financial position of the company is sound. Fundamentals of the company are strong and healthy. The company has a strong financial risk profile, marked by large net worth, comfortable gearing, strong debt protection metrics and healthy liquidity. Trade relations are reported to be praiseworthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered excellent for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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	CRISIL
Rating	Long term rating : AAA
Rating Explanation	Highest degree of safety it carry lowest credit risk.
Date	December 11, 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 DECLINED

MANAGEMENT NON-COOPERATIVE

[CONTACT NO.: 91-22-66353535]

LOCATIONS

Registered Office :	The Times of India Building, D N Road, Mumbai - 400001, Maharashtra, India
Tel. No.:	91-22-66353535/ 66354460/ 66354159
Mobile No.:	91-9819128038 (Mr. Subramanium)
Fax No.:	91-22-22620144/ 22731737
E-Mail :	padmakar.rao@timesgroup.com kausik.nath@timesgroup.com subramaniam.dharmarajan@timesgroup.com corporate.secretarial@timesgroup.com
Website :	www.timesgroup.com

DIRECTORS

AS ON 28.09.2012

Name :

Mr. Samir Jain

Designation :

Managing director

Address :

15, Moti Lal Nehru Marg, New Delhi - 110011, India

Date of Birth/Age :

22.06.1954

Qualification:

B.A

Date of Appointment :

01.02.2010

PAN No.:

AEHPJ3016Q

DIN No.:

00001337

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74899DL1982GAP144061	TIMES FOR INDIA ORG	Director	15/10/1982	15/10/1982	Active	NO
2	L65929DL1947PLC001240	P N B FINANCE AND INDUSTRIES LIMITED	Director	29/11/1983	29/11/1983	Active	NO
3	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Managing director	01/02/2010	01/02/1985	Active	NO
4	U93000DL2013GAT248515	GENNEXT TRUSTEESHIP COMPANY PRIVATE LIMITED	Director	19/02/2013	19/02/2013	Active	NO

Name :

Mr. Vineet Jain

Designation :

Managing Director

Address :

15, Moti Lal Nehru Marg, New Delhi - 110011, India

Date of Birth/Age :

12.02.1966

Qualification:

Management Graduate from American Uni.of Switzerland.

Date of Appointment :

27.06.2013

PAN No.:

AEHPJ3012L

DIN No.:

00003962

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Managing director	27/06/2013	27/06/1993	-	Active	NO
2	U74899DL1947PLC103246	THE PRESS TRUST OF INDIA LIMITED	Director	09/12/1996	09/12/1996	-	Active	NO
3	U80302DL1984NPL019475	TIMES CENTRE FOR MEDIA AND MANAGEMENT STUDIES	Director	17/08/1998	17/08/1998	11/12/2009	Active	NO
4	U74899DL1982GAP144061	TIMES FOR INDIA ORG	Director	23/10/1998	23/10/1998	-	Active	NO
5	U74999DL1999PLC135531	TIMES INTERNET LIMITED	Director	04/05/1999	04/05/1999	-	Active	NO
6	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	20/09/1999	20/09/1999	06/12/2006	Active	NO
7	L65920MH1994PLC080618	HDFC BANK LIMITED	Nominee director	14/04/2001	14/04/2001	27/12/2008	Active	NO
8	U72900MH2002PLC134966	TIMES INFOTAINMENT MEDIA LIMITED	Director	31/12/2002	31/12/2002	-	Active	NO
9	L74899DL1942PLC000644	BHARAT NIDHI LIMITED	Director	27/09/2006	28/04/2003	-	Active	NO
10	U22120MH2003PTC142239	WORLDWIDE MEDIA PRIVATE LIMITED	Director	08/03/2004	08/03/2004	30/10/2013	Active	NO
11	U22121DL2004PLC126751	TIMES JOURNAL INDIA LIMITED	Director	02/06/2004	02/06/2004	03/06/2010	Active	NO
12	U32109MH1986PLC168454	TIMES GLOBAL BROADCASTING COMPANY LIMITED	Director	31/03/2005	31/03/2005	-	Active	NO

Name :

Mr. Ravindra Dhariwal

Designation :

Whole Time Director

Address :

Aashray Farm, Khasra No. 1523, Asola Village, New Delhi – 110030, Delhi , India

Date of Birth/Age :

11.09.1952

Qualification:

B. Tech, M.B.A-Marketing & Finance

Date of Appointment :

01.04.2011

PAN No.:

ADPPD1049Q

DIN No.:

00003922

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Whole-time director	01/04/2011	01/01/2002	-	Active	NO
2	U80302DL1984NPL019475	TIMES CENTRE FOR MEDIA AND MANAGEMENT STUDIES	Director	08/11/2002	08/11/2002	12/04/2013	Active	NO
3	L92140MH1999PLC120516	ENTERTAINMENT NETWORK (INDIA) LIMITED	Director	31/12/2002	31/12/2002	-	Active	NO
4	U22121DL2004PLC126751	TIMES JOURNAL INDIA LIMITED	Director	02/06/2004	02/06/2004	03/06/2010	Active	NO
5	U65990MH1983PLC029209	BANHEM ESTATES & IT PARKS LIMITED	Director	07/06/2006	07/06/2006	-	Active	NO
6	U22120MH1985PLC036799	VARDHAMAN PUBLISHERS LIMITED	Director	07/06/2006	07/06/2006	-	Active	NO
7	U02212KA2003PLC032182	TIMES VPL LIMITED	Director	03/10/2007	18/08/2006	-	Amalgamated	NO
8	U32109MH1986PLC168454	TIMES GLOBAL BROADCASTING COMPANY LIMITED	Director	13/09/2006	13/09/2006	-	Active	NO
9	U74899DL1982GAP144061	TIMES FOR INDIA ORG	Director	12/09/2007	16/10/2006	03/06/2010	Active	NO
10	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	27/10/2006	27/10/2006	-	Active	NO
11	U72900MH2002PLC134966	TIMES INFOTAINMENT MEDIA LIMITED	Director	04/12/2006	04/12/2006	-	Active	NO
12	U24999MH1948NPL006309	AUDIT BUREAU OF CIRCULATIONS	Director	19/01/2007	19/01/2007	26/09/2011	Active	NO

Name :

Mrs. Amba Preetham Parigi

Designation :

Director

Address :

Tahnee Heights Chs Limited, 66, Nepean Sea Road, Mumbai – 400036, Maharashtra, India

Date of Birth/Age :

15.07.1949

Qualification:

MA, MBA

Date of Appointment :

23.10.2007

DIN No.:

00087586

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74999DL1999PLC135531	TIMES INTERNET LIMITED	Director	10/07/2000	10/07/2000	25/08/2009	Active	NO
2	U67190MH2000PLC126353	TIMESOFMONEY LIMITED	Director	11/07/2000	11/07/2000	30/10/2012	Active	NO
3	L92140MH1999PLC120516	ENTERTAINMENT NETWORK (INDIA) LIMITED	Director	01/04/2013	01/08/2000	-	Active	NO
4	U72900MH2002PLC134966	TIMES INFOTAINMENT MEDIA LIMITED	Director	30/09/2010	09/09/2002	-	Active	NO
5	U99999MH1994NPL076530	MEDIA RESEARCH USERS COUNCIL	Additional director	16/09/2003	16/09/2003	-	Active	NO
6	U22120MH2003PTC142239	WORLDWIDE MEDIA PRIVATE LIMITED	Director	03/12/2004	03/12/2004	30/10/2013	Active	NO
7	U74899DL2000PLC103722	OPTIMAL MEDIA SOLUTIONS LIMITED	Director	25/09/2006	04/08/2005	-	Amalgamated	NO
8	U99999MH2005PLC157078	TIMES INNOVATIVE MEDIA LIMITED	Director	27/10/2005	27/10/2005	-	Active	NO
9	U32109MH1986PLC168454	TIMES GLOBAL BROADCASTING COMPANY LIMITED	Director	13/09/2006	13/09/2006	-	Active	NO
10	U92120MH2007PLC167123	MIRCHI MOVIES (INDIA) LIMITED	Director	18/01/2007	18/01/2007	03/02/2011	Active	NO
11	U74992MH2006PLC163048	ZOOM ENTERTAINMENT NETWORK LIMITED	Director	18/06/2007	28/05/2007	31/03/2010	Active	NO
12	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Director	23/10/2007	14/09/2007	-	Active	NO
13	U92190MH2007PLC175549	ALTERNATE BRAND SOLUTIONS (INDIA) LIMITED	Director	31/10/2007	31/10/2007	-	Active	NO
14	U65990MH2008PLC178673	ARTHA FINANCIAL SERVICES LIMITED	Nominee director	18/08/2008	13/08/2008	25/09/2013	Active	NO
15	U51109DL2008PLC184883	A2ZSHOPPING LIMITED	Director	14/11/2008	14/11/2008	25/08/2009	Amalgamated	NO
16	U72200DL2008PLC184870	TIMES WEBSOL LIMITED	Director	14/11/2008	14/11/2008	25/08/2009	Active	NO
17	U72900DL2008PLC185013	TIMESMOBILE LIMITED	Director	18/11/2008	18/11/2008	25/08/2009	Active	NO
18	L99999MH1994PLC080502	EROS INTERNATIONAL MEDIA LIMITED	Managing director	04/12/2009	01/10/2009	11/02/2010	Active	NO
19	U74999TN1987PLC014976	ACCEL MEDIA VENTURES LIMITED	Additional director	03/09/2010	03/09/2010	-	Active	NO
20	L30007KL1986PLC004485	ACCEL TRANSMATIC LIMITED	Additional director	27/09/2011	27/09/2011	26/12/2011	Active	NO
21	L30006TN1995PLC031736	ACCEL FRONTLINE LIMITED	Director	19/12/2012	29/09/2011	-	Active	NO
22	U74999MH2012PTC236274	APPGLOW INDIA MANAGEMENT PRIVATE LIMITED	Director	27/09/2012	27/09/2012	-	Active	NO

Name :

Mrs. Kalpana Jaisingh Morparia

Designation :

Director

Address :

B – 92, Ocean Gold Chs, Twin Tower Lane, Prabhadevi, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

30.05.1949

Qualification:

B.Sc. LL.B.

Date of Appointment :

23.10.2007

DIN No.:

00046081

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72900MH1993PLC131900	ICICI SECURITIES PRIMARY DEALERSHIP LIMITED	Director	27/04/2001	27/04/2001	07/09/2007	Active	NO
2	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	29/11/2001	29/11/2001	29/08/2008	Active	NO
3	U67200MH2000PLC129408	ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED	Nominee director	22/03/2002	22/03/2002	29/08/2008	Active	NO
4	L65190GJ1994PLC021012	ICICI BANK LIMITED	Whole-time director	03/05/2002	03/05/2002	01/06/2007	Active	NO
5	U99999DL1993PLC054135	ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED	Nominee director	29/06/2006	27/10/2005	29/08/2008	Active	NO
6	U67120MH1995PLC086241	ICICI SECURITIES LIMITED	Additional director	04/04/2007	04/04/2007	15/10/2008	Active	NO
7	L85195AP1984PLC004507	DR.REDDY'S LABORATORIES LIMITED	Director	24/07/2007	05/06/2007	-	Active	NO
8	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Director	23/10/2007	14/09/2007	-	Active	NO
9	L72200AP1975PLC001970	CMC LIMITED	Director	24/06/2008	11/03/2008	-	Active	NO
10	U72900MH2000PTC124073	J. P. MORGAN SERVICES INDIA PRIVATE LIMITED	Director	29/09/2008	18/09/2008	-	Active	NO
11	U65999MH2006PTC164773	JPMORGAN ASSET MANAGEMENT INDIA PRIVATE LIMITED	Director	23/07/2010	19/12/2008	-	Active	NO

Name :

Mrs. Indu Jain

Designation :

Whole-time Director

Address :

4 Tilak Marg, New Delhi – 110002, India

Date of Birth/Age :

08.09.1936

Qualification:

Professional

Date of Appointment :

01.08.2009

PAN No.:

AEHPJ3014N

DIN No.:

00004040

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Whole-time director	01/08/2009	13/05/1999	-	Active	NO
2	U74899DL1982GAP144061	TIMES FOR INDIA ORG	Director	12/09/1999	12/09/1999	-	Active	NO
3	U80302DL1984NPL019475	TIMES CENTRE FOR MEDIA AND MANAGEMENT STUDIES	Director	08/11/2002	08/11/2002	11/12/2009	Active	NO

Name :

Mr. Trishla Jain

Designation :

Whole Time Director

Address :

15, Moti Lal Nehru Marg, New Delhi - 110011, India

Date of Birth/Age :

27.02.1985

Qualification:

Graduation in English Literature (USA), Masters from Teachers College (Columbia Uni.)

Date of Appointment :

01.04.2011

PAN No.:

AEMPJ2136G

DIN No.:

03371538

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Whole-time director	01/04/2011	01/04/2011	-	Active	NO
2	U93000DL2013GAT248515	GENNEXT TRUSTEESHIP COMPANY PRIVATE LIMITED	Director	19/02/2013	19/02/2013	-	Active	NO

Name :

Mr. Shrijeet Ramakanta Mishra

Designation :

Whole Time Director

Address :

301, Gitanjali Gardens, 3^rd Floor, 58E, Nepean Sea Road, Rungta Lane, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

22.04.1965

Qualification:

B.A, PGDM- IIM Ahmedabad.

Date of Appointment :

11.08.2011

PAN No.:

ABXPM9824C

DIN No.:

01894081

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67120MH1994PTC082045	DIGITAL SECURITIES PRIVATE LIMITED	Director	24/06/2008	07/12/2007	27/07/2011	Active	NO
2	U65990MH1958PLC011060	HINDLEVER TRUST LIMITED	Director	22/06/2009	01/08/2008	27/07/2011	Active	NO
3	U24246TN1981PLC008785	PONDS EXPORTS LIMITED	Director	22/07/2010	22/03/2010	27/07/2011	Active	NO
4	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Whole-time director	11/08/2011	11/08/2011	-	Active	NO
5	U02212KA2003PLC032182	TIMES VPL LIMITED	Director	26/09/2012	28/05/2012	-	Amalgamated	NO
6	U74999MH1924NPL001128	BOMBAY CHAMBER OF COMMERCE AND INDUSTRY	Director	23/06/2012	23/06/2012	-	Active	NO
7	U80301DL2007PLC165200	TIMES CENTRE FOR LEARNING LIMITED	Director	25/09/2013	12/10/2012	-	Active	NO
8	U22120MH1985PLC036799	VARDHAMAN PUBLISHERS LIMITED	Director	16/09/2013	23/10/2012	-	Active	NO
9	U74300MH2008PLC184669	BRAND EQUITY TREATIES LIMITED	Director	25/09/2013	25/10/2012	-	Active	NO
10	L65920MH1989PLC054398	TIMES GUARANTY LIMITED	Director	30/09/2013	29/10/2012	-	Active	NO
11	U74990MH2009PTC190636	MIND GAMES SHOWS PRIVATE LIMITED	Additional director	06/11/2012	06/11/2012	23/09/2013	Active	NO
12	U74140MH2008NPL187724	CENTRE FOR EXCELLENCE IN MANAGEMENT TRAINING AND DEVELOPMENT	Additional director	06/11/2012	06/11/2012	-	Active	NO
13	U74900MH2012PLC237666	TIMES CONFERENCES LIMITED	Director	07/11/2012	07/11/2012	-	Active	NO
14	U74992MH2006PLC163048	ZOOM ENTERTAINMENT NETWORK LIMITED	Additional director	10/12/2012	10/12/2012	-	Active	NO
15	U32109MH1986PLC168454	TIMES GLOBAL BROADCASTING COMPANY LIMITED	Additional director	10/12/2012	10/12/2012	-	Active	NO
16	U22120MH2003PTC142239	WORLDWIDE MEDIA PRIVATE LIMITED	Additional director	01/04/2013	01/04/2013	10/09/2013	Active	NO
17	U22121KA2006PLC062825	METROPOLITAN MEDIA COMPANY LIMITED	Director	23/09/2013	05/08/2013	-	Active	NO

Name :

Mr. Meleveetil Damodaran

Designation :

Director

Address :

D-8/3, D Block, Vasant Vihar, New Delhi-110057, India

Date of Birth/Age :

04.05.1947

Qualification:

B. Tech, M.B.A-Marketing & Finance

Date of Appointment :

28.09.2012

DIN No.:

02106990

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67190WB2002PLC095455	SAHAJ E-VILLAGE LIMITED	Director	27/01/2009	10/06/2008	21/07/2010	Active	NO
2	L35911DL1984PLC017354	HERO MOTOCORP LIMITED	Director	25/09/2008	16/06/2008	-	Active	NO
3	U74140DL2008PTC180832	EQUINOX ADVISORS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	01/01/2012	Active	NO
4	L85110KA1930PLC000124	ING VYSYA BANK LIMITED	Director	04/09/2009	21/07/2008	-	Active	NO
5	L64200MH1986PLC041370	TECH MAHINDRA LIMITED	Director	23/07/2009	22/07/2008	-	Active	NO
6	U67120MH1998PTC114377	ING INVESTMENT MANAGEMENT (INDIA) PRIVATE LIMITED	Director	29/09/2008	28/08/2008	31/05/2011	Active	NO
7	U80301AP2003NPL042195	GMR VARALAKSHMI FOUNDATION	Director	30/09/2009	03/08/2009	16/06/2011	Active	NO
8	L72200AP1987PLC007564	SATYAM COMPUTER SERVICES LIMITED	Director	21/12/2010	09/12/2009	01/04/2012	Active	NO
9	L45201KA1995PLC018475	SOBHA DEVELOPERS LIMITED	Director	11/06/2010	29/01/2010	-	Active	NO
10	U60232DL2006GOI155068	DEDICATED FREIGHT CORRIDOR CORPORATION OF INDIA LIMITED	Director	14/05/2010	14/05/2010	08/04/2011	Active	NO
11	U63032KL1972GOI002414	COCHIN SHIPYARD LIMITED	Nominee director	23/06/2010	23/06/2010	28/01/2011	Active	NO
12	U85191WB2010PTC151530	GLOCAL HEALTHCARE SYSTEMS PRIVATE LIMITED	Director	06/12/2010	06/12/2010	-	Active	NO
13	U85100TN2008PLC070179	AVN AROGYA HEALTH CARE LIMITED	Director	02/03/2011	02/03/2011	23/12/2011	Active	NO
14	L17120MH1990PLC058361	S KUMARS NATIONWIDE LIMITED	Additional director	28/03/2011	28/03/2011	08/10/2012	Active	NO
15	U34102PN1989PLC014807	RSB TRANSMISSIONS (I) LIMITED	Additional director	19/09/2011	19/09/2011	06/08/2012	Active	NO
16	U67190MH2011PTC218046	L&T INFRA INVESTMENT PARTNERS ADVISORY PRIVATE LIMITED	Director	26/11/2012	11/10/2011	-	Active	NO
17	U34100TN2009PLC071439	TVS AUTOMOBILE SOLUTIONS LIMITED	Director	29/09/2012	19/12/2011	-	Active	NO
18	U74920KA2012PTC062391	EXCELLENCE ENABLERS PRIVATE LIMITED	Director	03/02/2012	03/02/2012	-	Active	NO
19	L27020MH1958PLC011238	HINDALCO INDUSTRIES LIMITED	Director	11/09/2012	16/04/2012	14/01/2014	Active	NO
20	L26940MH2000PLC128420	ULTRATECH CEMENT LIMITED	Director	30/08/2012	16/04/2012	-	Active	NO
21	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Director	28/09/2012	23/05/2012	-	Active	NO
22	U67190TN2006PLC059527	L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	Director	05/08/2013	17/07/2012	-	Active	NO
23	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	Director	22/08/2013	22/10/2012	-	Active	NO
24	L29110UP1995PLC041834	TRIVENI TURBINE LIMITED	Director	01/08/2013	10/04/2013	09/09/2013	Active	NO
25	L67120MH1987PLC042363	CRISIL LIMITED	Additional director	14/01/2014	14/01/2014	-	Active	NO

Name :

Mr. Arunabh Das Sharma

Designation :

Additional Director

Address :

W-129, Greater Kailash – 1, New Delhi - 110048, Delhi, India

Date of Birth/Age :

17.03.1968

Qualification:

Graduation in Economics, IIM Kolkata

Date of Appointment :

27.09.2013

PAN No.:

AAAAA1234A

DIN No.:

03464498

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U02212KA2003PLC032182	TIMES VPL LIMITED	Director	26/09/2012	28/05/2012	-	Amalgamated	NO
2	U74900MH2012PLC237666	TIMES CONFERENCES LIMITED	Director	07/11/2012	07/11/2012	-	Active	NO
3	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Whole-time director	27/09/2013	07/11/2012	-	Active	NO
4	U22121KA2006PLC062825	METROPOLITAN MEDIA COMPANY LIMITED	Director	23/09/2013	05/08/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Kausik Nath
Designation :	Company Secretary
Address :	A-202, Sea View Building, Charkop, Sector 8, Kandivali (West), Mumbai-400067, Maharashtra, India
Date of Birth/Age :	23.06.1964
Date of Appointment :	06.03.2012
PAN No.:	AACPN1272B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.09.2012

Names of Shareholders	No. of Shares
Sanmati Properties Limited, India	27981000
Bharat Nidhi Limited, India	70041600
PNB Finance and Industries Limited, India	26665848
Vineet Jain	1642248
Samir Jain	7200
Meera Jain	943200
Camac Commercial Company Limited, India	38161548
Arth Udyog Limited, India	26719848
Jacaranda Corporate Services Limited, India	25632000
T M Investments Limited	17093016
Ashok Viniyoga Limited	51707916
Trishla Jain	360000
Total	286955424

AS ON 28.09.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	98.97
Directors or relatives of directors	1.03
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged into Printing and Publishing of Newspapers.

Products :

ITC Code No.	Product Descriptions
99611512	Newspapers and Periodicals in print
99836310	Sale of Advertising space in Print media
99836320	Sale of Advertising space in TV

GENERAL INFORMATION

No. of Employees :

Information declined by the management

Bankers :

v The Hong Kong and Shanghai Banking Corporation Limited

Hong Kong Bank Building, 52/60, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India

v United Bank of India

25, Sir P M Road, Mumbai, Maharashtra, India

v Punjab National Bank

Blackhouse Fort, Bombay - 400001, Maharashtra, India

v Standard Chartered Bank

90, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India

Facilities:

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Term loans from banks	151.600	1357.900
Total	151.600	1357.900

Banking Relations :	--
Auditors 1 :
Name :	S.R. Batliboi and Associates Chartered Accountants
Address :	14^th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar [West], Mumbai, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	ACHFS9118A
Auditors 2 :
Name :	Lodha and Company Chartered Accountants
Address :	6, Karim Chambers, 40, Ambalala Doshi Marg, Mumbai-400023, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AABFL1893K
Associates :	v Times of Money Financial Services Limited(from October 30, 2012) v Times of Money Inc. (USA) (from October 30, 2012) v Times of Money Limited (from October 30, 2012) v Times of Money UK PLC (UK) (from October 30, 2012) v TOM Payment Solutions Limited (from October 30, 2012)
Joint Venture :	Aegon Religare Life Insurance Company Limited [U66010MH2007PLC169110]
Subsidiaries :	v a2zShopping Limited [U51109DL2008PLC184883] v Amrita Estates Private Limited (from November 14, 2012) [U70100MH2012PTC237888] v Ananta Properties Private Limited ( from November 10, 2012) [U70109MH2012PTC237830] v Alternate Brand Solutions (India) Limited [U92190MH2007PLC175549] v Artha Broking Services Limited v Artha Commodities Limited v Artha Credit Private Limited v Artha Distribution Services Limited v Artha Financial Services Limited [U65990MH2008PLC178673] v Artha Forex Services Limited v Artha Insurance Broking Services Limited v Artha Network Services Limited v Artha Reality Private Limited v BCCL International Events Private Limited ( from November 16, 2012) [U74999MH2012PTC237964] v Bennett Broadcasting and Distribution Services Limited (BBDSL) (upto April 20, 2012) [U92100MH2008PLC179750] v Brand Equity Treaties Limited [U74300MH2008PLC184669] v Centre for Excellence in Management Training and Development [U74140MH2008NPL187724] v Dharmayug Investments Limited [U65993MH1983PLC030615] v Entertainment Network (India) Limited [L92140MH1999PLC120516] v Media Network and Distribution Services Limited (MNDIL) [U92412MH2010PLC208138] v Metropolitan Media Company Limited [U22121KA2006PLC062825] v Mind Games Shows Private Limited v Mirchi Movies (India) Limited [U92120MH2007PLC167123] v One Golden Square Creative Limited v Satyam Properties and Finance Limited v Speaking Tree Properties Limited v Times Business Solutions Limited [U92100DL2005PLC173555] v Times Center for Learning Limited (Formerly Times Yoga Limited) [U80301DL2007PLC165200] v Times Conferences Limited ( from November 7, 2012) v Times Digital Limited v Times Global Broadcasting Company Limited (TGBCL) [U32109MH1986PLC168454] v Times Guaranty Limited v Times Infotainment Media Limited [U72900MH2002PLC134966] v Times Innovative Media Limited [U99999MH2005PLC157078] v Times Internet (UK) Limited, UK v Times Internet Inc., USA v Times Internet Limited [U74999DL1999PLC135531] v Times Jobs Limited v Times Journal India Limited v Times Mobile Limited [U72900DL2008PLC185013] v Times of Money Financial Services Limited (upto October 29, 2012) v Times of Money Inc. (USA) (upto October 29, 2012) v Times of Money Limited (upto October 29, 2012) [U67190MH2000PLC126353] v Times of Money UK PLC (UK) (upto October 29, 2012) v Times Websol Limited [U72200DL2008PLC184870] v Times VPL Limited [U02212KA2003PLC032182] v TIM Delhi Airport Advertising Private Limited [U74999DL2010PTC203419] v TIML Global Limited v TIML Golden Square Limited v TIML Radio Holdings Limited v TIML Digital Radio Limited v TIML Radio Limited v TOM Payment Solutions Limited (upto October 29, 2012) v Vardhaman Publishers Limited [U22120MH1985PLC036799] v Worldwide Media Private Limited [U22190DL2013PTC256034] v Zoom Entertainment Network Limited [U74992MH2006PLC163048]
Enterprises owned or having significant influence by Key Managerial Personnel (ESM) :	v 21st Century Constructions Limited [U74999DL1985PLC123961] v Aadidev Properties Limited [U70100MH2006PLC160897] v Anagha Estates Limited [U70100MH2006PLC160898] v Aryabhata Properties Limited [U70100MH2006PLC160896] v Ativeer Properties Limited [U70101DL2010PLC209333] v Banhem Estates and IT Parks Limited [U65990MH1983PLC029209] v Bennett Property Holdings Company Limited (BPHCL) [U70102MH2010PLC211087] v Nandeeshwar Properties Limited [U70100DL2010PLC209471] v Rajdhani Printers Limited [U74899DL1901PLC023944] v Shubhan Properties Limited [U70100MH2006PLC160899] v Suryashankar Properties Limited [U70100MH2006PLC160900] v Sushena Properties Limited [U70100MH2006PLC160895] v Surge Enterprises Limited [U18109MH1992PLC068085] v Vaidehi Estates Limited [U45203MH2006PLC160915]

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
300,000,000	Equity Shares	Rs.10/- each	Rs. 3000.000 Millions

Issued, Subscribed and Paid-up Capital :

No. of Shares	Type	Value	Amount
286,955,424	Equity Shares	Rs.10/- each	Rs. 2869.600 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	2869.600	2869.600	2869.600
(b) Reserves & Surplus	58644.000	51449.300	52510.500
(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)	61513.600	54318.900	55380.100
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	1151.500	900.100	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	1151.500	900.100	0.000
(4) Current Liabilities
(a) Short term borrowings	835.300	1357.900	0.000
(b) Trade payables	7108.100	7021.500	6336.100
(c) Other current liabilities	14724.600	11897.800	12964.500
(d) Short-term provisions	2175.000	2091.000	1581.100
Total Current Liabilities (4)	24843.000	22368.200	20881.700
TOTAL	87508.100	77587.200	76261.800
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	16718.200	15922.600	16045.400
(ii) Intangible Assets	0.400	0.000	30.800
(iii) Capital work-in-progress	1626.700	1987.800	3391.600
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	36541.700	33091.800	34266.000
(c) Deferred tax assets (net)	0.000	0.000	24.500
(d) Long-term Loan and Advances	8684.400	5934.600	4460.500
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	63571.400	56936.800	58218.800
(2) Current assets
(a) Current investments	6681.200	3632.300	4662.100
(b) Inventories	4122.200	5585.500	4753.200
(c) Trade receivables	8403.900	7437.900	2032.300
(d) Cash and cash equivalents	2164.300	1908.700	2195.300
(e) Short-term loans and advances	2556.400	2080.200	4392.500
(f) Other current assets	8.700	5.800	7.600
Total Current Assets	23936.700	20650.400	18043.000
TOTAL	87508.100	77587.200	76261.800

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	49487.200	48620.800	45319.900
		Other Income	1088.000	848.500	2468.200
		TOTAL (A)	50575.200	49469.300	47788.100
Less	EXPENSES
		Cost of materials consumed	14645.500	14829.800	12469.200
		Purchases of stock-in-trade	73.900	70.200	61.800
		Employee benefit expense	8163.800	8185.800	6802.200
		Other expenses	14333.500	16402.700	12263.600
		TOTAL (B)	37216.700	39488.500	31596.800
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		13358.500	9980.800	16191.300
Less	FINANCIAL EXPENSES (D)		130.700	124.300	257.100
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		13227.800	9856.500	15934.200
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2275.300	2292.200	2242.700
	PROFIT BEFORE TAX (E-F) (G)		10952.500	7564.300	13691.500
Less	TAX (H)		3556.300	2191.100	4383.800
	PROFIT AFTER TAX (G-H) (I)		7396.200	5373.200	9307.700
	EARNINGS IN FOREIGN CURRENCY
		Export of goods: Publications	19.900	19.900	19.300
		Cassettes / CDs	9.800	8.300	3.800
		Advertisement Income	391.100	477.800	510.000
		Others	85.900	53.100	14.500
	TOTAL EARNINGS		506.700	559.100	547.600
	IMPORTS
		Raw Materials	9838.600	12517.800	11884.800
		Consumable Stores & Spare parts	350.100	337.800	300.800
		Capital Goods	1579.800	980.000	1559.300
		Traded Products	0.700	0.000	0.100
	TOTAL IMPORTS		11769.200	13835.600	13745.000
	Earnings Per Share (Rs.)
	Basic		25.77	18.72	32.44
	Diluted		25.45	18.49	32.03

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	14.62	10.86	19.48
Net Profit Margin (PBT/Sales)	(%)	22.13	15.56	30.21
Return on Total Assets (PBT/Total Assets}	(%)	22.20	17.80	35.49
Return on Investment (ROI) (PBT/Networth)		0.18	0.14	0.25
Debt Equity Ratio (Total Debt/Networth)		0.01	0.02	0.00
Current Ratio (Current Asset/Current Liability)		0.96	0.92	0.86

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2869.600	2869.600	2869.600
Reserves & Surplus	52510.500	51449.300	58644.000
Net worth	55380.100	54318.900	61513.600
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	1357.900	835.300
Total borrowings	0.000	1357.900	835.300
Debt/Equity ratio	0.000	0.025	0.014

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. in Millions)	(Rs. in Millions)	(Rs. in Millions)
Sales	45319.900	48620.800	49487.200
		9.198	1.782

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. in Millions)	(Rs. in Millions)	(Rs. in Millions)
Sales	45319.900	48620.800	49487.200
Profit	9307.700	5373.200	7396.200
	20.54%	11.05%	14.95%

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	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]	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	Yes

LITIGATION DETAILS

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

Presentation Date: 30/07/2013

Lodging No: ITXAL/1244/2013 Filing Date: 30/07/2013 Reg. No.: ITXA/1570/2013 Reg. Date: 17/08/2013

Petitioner: COMMISSIONER OF INCOME TAX-1 Respondent: BENNETT COLEMAN AND COMPANY LIMITED

Petn. Adv : SURESH KUMAR (0) Resp.Adv.:- PDS LEGAL (0)

District: MUMBAI

Bench: DIVISION

Status: Pre-Admission Category: TAX APPEALS

Next Date: 03.04.2014 Stage:

Next Coram: ACCORDING TO SITTING LIST

ACCORDING TO SITTING LIST

Act: Income Tax Act, 1961 Under Section: 260 A

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10123441	10/09/2008	1,484,954,500.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	HONGKONG BANK BUILDING, 52/60, MAHATMA GANDHI ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	A46082657
2	10087720	14/01/2008	2,490,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	52/60, MAHATMA GANDHI ROAD, FORT, MUMBAI- 400001, MAHARASHTRA, INDIA	A30430003
3	10052869	31/05/2008 *	5,950,000,000.00	STANDARD CHARTERED BANK (ACT AS AGENT FOR ITSELF &  ON BEHALF OF OTHER LENDERS)	90, MAHATMA GANDHI ROAD,, FORT,, MUMBAI, MAHARASH  TRA - 400001, INDIA	A39272349
4	90346201	14/02/1983 *	3,164,000.00	ROCKWELL GRAPHIC SYSTEMS LIMITED	GREENBANK STREET, PRI 7LA ENGLAND, MAHARASHTRA, INDIA	-

* Date of charge modification

UNSECURED LOANS

UNSECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Term loans from banks	683.700	0.000
Total	683.700	0.000

CORPORATE INFORMATION

Subject is primarily engaged in the business of publication of newspapers. The Company publishes the highest selling English broadsheet daily in the world, i.e., The Times of India. Apart from this the Company publishes newspapers like The Economic Times, Navbharat Times, Maharashtra Times, etc. It also houses two television channels zoOm and ET Now. The Company has subsidiaries which are engaged in the areas of internet, e-commerce, radio, television, out of home, etc.

REVIEW OF OPERATIONS

Sales

During the year, the flagship brand, The Times of India achieved an overall circulation growth. Four new editions were launched, namely, Aurangabad, Raipur, Kolhapur and Vizag, thereby extending its reach into new markets. Circulation of The Economic Times was down compared to last year in line with the general decline in the circulation of business dailies. Maharashtra Times launched two new editions in Nagpur and Kolhapur further consolidating its position in the Western markets. Navbharat Times remained same as in the previous year.

The company launched an entirely new mast-head in the form of a Bengali paper Ei Samay (Bengali for These Times) in October 2012.

Response

In the backdrop of a slow macro-economic environment, the overall media advertising market in 2012 grew by 5.2% against a projected growth of 7.5% (Pitch Madison report 2013). The Print advertising market grew by 4%.

Your Company adopted a comprehensive strategy of strengthening its presence in existing markets and pursuing opportunities in new markets.

New launches

· TOI Aurangabad, Raipur, Kolhapur and Vizag

· Ei Samay (Bengali) Kolkata

· Maharashtra Times (Marathi) Kolhapur and Nagpur

Upgrades Patna, Ranchi, Raipur, Mangalore, Hubli, Belgaum, Bhubaneshwar, Gurgaon

As per Indian Readership Survey (IRS) for the quarter ended December 2012, the Company was able to maintain / grow its share in all segments except for the English Business news segment.

NEWSPRINT

In the year, newsprint prices in USD witnessed a decline of around 11%. However, significant depreciation of the Rupee vis-vis USD (14%) mitigated the impact of the above benefit. Domestic manufacturers increased their prices in line with imported newsprint, thereby reducing the arbitrage on domestic sourcing.

Manufacturers across the globe were impacted by poor off-take of newsprint due to declining demand in the west. Production capacities are getting rationalised, which is likely to have an impact on prices going forward.

TIMES MUSIC

During the year, Times Music continued its leadership in Indian Classical, Devotional, Spiritual and Wellness genres. While sales of music in physical format declined, the digital format continued to grow. The Company re-entered the Bollywood space, and continues to grow in Tamil, Punjabi and Bengali.

zoOm

During the year, the channel sustained its lead in the Bollywood category and featured in the top 3 positions in the broader Music category despite high level of marketing activities by competition. The channel also showed considerable growth amongst the social media networks becoming the 11th largest Media Brand on Social Media in the world. zoOm also developed and launched TIMES Celebex a ratings index of Bollywood Stars based on their popularity, visibility and performance. zoOm is currently distributed in 28 countries and also reaches out to Bollywood viewers across the world via various digital platforms.

ET-NOW

During the year, ET NOW established itself as the definitive choice of viewers in the English Business News category and consistently dominated the genre over the last 6 months. Budget 13 day saw 55% viewership share contributed by the most exhaustive line-up of experts, market analysts and corporate honchos and included an exclusive interview of Honble Finance Minister, Mr. P. Chidambaram post Budget presentation.

On content and programming front, several new formats were introduced to strengthen presence in specific market time bands and provide additional viewing choice on weekends. The channel maintained its credentials of providing exclusive content in the form of interviews and news stories ahead of its competition. The team of technical chartists has given viewers almost twice the number of stock recommendations with a better conversion ratio as compared to the nearest competitor.

The channel got its share of accolades by winning the Best Live Telecast Show (Stock Market) award for Traders 20 at the 6th NT awards. Additionally, Vodafone Drive into the Big League won 2 Effies Best B2B advertising and Best Integrated Campaign at the Effies Awards function.

CONTINGENT LIABILITIES:

Particulars	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Claims against the Company not acknowledged as debts
Labour Claims	38.300	33.900
Others excluding cases with remote probability as per legal opinion obtained	41.500	37.500
Disputed Sales tax matters (excludes further interest leviable, if any)	185.400	24.200
Corporate guarantees on behalf of Subsidiaries The management believes that the ultimate outcome of the legal proceedings on account of libel suits, etc. will not have material adverse effect on the Company’s financial position and results of operations.	3155.200	4336.700
Total	3420.400	4432.300

FIXED ASSETS:

Ø Land (Leased and Freehold)

Ø Land and Building (Leased and Freehold)

Ø Building

Ø Plant and machinery

Ø Furniture and Fixture

Ø Office equipments

Ø Vehicles

Ø Drawing and Business commercial rights

CMT REPORT (Corruption, Money Laundering and Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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. 60.17
UK Pound	1	Rs. 99.39
Euro	1	Rs. 83.09

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	BVA

SCORE and RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	9
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	10
--PROFITABILIRY	1~10	9
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	9
--CREDIT LINES	1~10	9
--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	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		82

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 and 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	-

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.