MIRA INFORM REPORT
|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
LOKMAT MEDIA PRIVATE LIMITED (w.e.f. 22.05.2012) |
|
|
|
|
Formerly Known
As : |
LOKMAT MEDIA LIMITED (w.e.f. 22.11.2010) LOKMAT MEDIA PRIVATE LIMITED (w.e.f. 21.09.2010) LOKMAT NEWSPAPERS PRIVATE LIMITED |
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Registered
Office : |
Mittal Tower, `B’ Wing, 12th Floor, Nariman
Point, Mumbai – 400021, |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.05.2013 |
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|
|
Date of
Incorporation : |
21.06.1973 |
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|
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Com. Reg. No.: |
11-016613 |
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Capital
Investment / Paid-up Capital : |
Rs. 376.488 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1973PTC016613 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL1888J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Printing and Publishing
of Newspapers, Magazine, Film Production and Distribution and Event
Management Activities. |
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|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “A+” |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
19.11.2013 |
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
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-24820000)
LOCATIONS
|
Registered Office : |
Mittal Tower, `B’ Wing, 12th Floor, Nariman
Point, Mumbai – 400 021, Maharashtra, India |
|
Tel. No.: |
91-22-22856749 (4 Lines) /
22028211 / 25856749 / 24820000 |
|
|
91-9850207900 (Mr. Nitin Nagar) |
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Fax No.: |
91-22-22028211 / 24820010 |
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E-Mail : |
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|
Website : |
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|
Corporate Office: |
2nd Floor, Nirlon, A.B
Road, Worli, Mumbai – 400 018, Maharashtra, India |
|
Tel. No.: |
91-22-24820000 |
|
Fax No.: |
91-22-24820010 |
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Coverage of Lokmat Publishing Centers: |
Located at: · Jalgaon · Dhule · Nandurbar · Amravati · Thane · Ahmednagar · Jalna · Hingoli · Parbhani · Beed · Osmanabad · Buldana · Raigad · Satara · Ratnagiri · Sangli · Sindhudurg · Yavatmal · Chandrapur · Gadhchiroli · Gondia · Wardha · Bhandara · Nashik · Akola Nagpur · Aurangabad · Pune · Nanded · Latur · Solapur · Kolhapur · Goa |
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|
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|
Lokmat All India National Sales Network: |
Located at: · New Delhi · Jaipur · Lucknow · Ahmedabad · Bhopal · Indore · Baroda · Pune · Mumbai · Jabalpur · Raipur · Kolkata · Secunderabad · Vizag · Bangalore · Coimbatore · Chennai |
DIRECTORS
As on 28.10.2013
|
Name : |
Mr. Vijay Jawaharlal Darda |
|
Designation : |
Whole Time Director |
|
Address : |
‘Yavatmal House’, Rahate Colony, Pt. J.N. Marg, Nagpur - 440022, Maharashtra, India. |
|
Date of Birth/Age : |
14.05.1950 |
|
Qualification : |
B.A. Diploma in Journalism |
|
Date of Appointment : |
24.01.1974 |
|
PAN No.: |
AAAPD9500A |
|
DIN No.: |
00009902 |
|
|
|
|
Name : |
Mr. Rishi Rajendra Darda |
|
Designation : |
Managing Director |
|
Address : |
Lokmat Bhavan, Jalana Road, Aurangabad - 431003, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1978 |
|
Qualification : |
B.Com, PG Diploma In Journalism and MBA |
|
Date of Appointment : |
21.11.2001 |
|
PAN No.: |
AAKPD2934Q |
|
DIN No.: |
00293183 |
|
|
|
|
Name : |
Mr. Devendra Vijay Darda |
|
Designation : |
Managing Director |
|
Address : |
Rahate Colony, Pt. J.N. Marg, Nagpur, Maharashtra, India. |
|
Date of Birth/Age : |
23.11.1974 |
|
Qualification : |
MBA |
|
Date of Appointment : |
20.05.2002 |
|
PAN No.: |
AAAPD9501B |
|
DIN No.: |
00319192 |
|
|
|
|
Name : |
Mr. Karan Rajendra Darda |
|
Designation : |
Executive Director |
|
Address : |
Lokmat Bhavan, Jalana Road, Aurangabad - 431003, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1983 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AGKPD4240R |
|
DIN No.: |
01211502 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.10.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Vijay Darda |
14684417 |
39.00 |
|
Devendra Darda |
4140000 |
11.00 |
|
Rajendra Darda |
10400417 |
27.62 |
|
Ashoodevi Darda |
2808000 |
7.46 |
|
Rishi Darda |
2808000 |
7.46 |
|
Karan Darda |
2808000 |
7.46 |
|
Total |
37648834 |
100.00 |
As on 28.10.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Printing and
Publishing of Newspapers, Magazine, Film Production and Distribution and
Event Management Activities. |
|
|
|
|
Brand Name : |
· LOKMAT · LOKMAT TIMES · G2 · LOKMAT SAMACHAR |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
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Bankers : |
· Bank of India, Nagpur Corporate Banking Branch, S. V. Patel Marg, Kingsway, Nagpur- 440001, Maharashtra, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Facilities : |
NOTE LONG TERM
BORROWINGS Security and Terms of Repayment 1. Term loans (including current maturities) from Bank of India and HDFC Bank Limited are secured by hypothecation of machineries and equipments purchased out of such loans and personal guarantee of two promoter directors. 2. Term loan of original limit of 334.800 Millions sanctioned from Bank of India is repayable in 10 half yearly instalments of 33.400 Millions commenced from December-2010. 3. Term loan of original limit of 490.000 Millions sanctioned from HDFC Bank Limited is repayable in 20 quarterly instalments of 19.200 Millions commenced from March 31, 2011. SHORT TERM
BORROWINGS Cash Credit is secured by hypothecation of stock in trade,
stores and book debts and personal guarantee of two promoter directors. This
facility is also collaterally secured by first charge on land, building and
other fixed assets of the Company at Nashik. |
|
Banking
Relations : |
-- |
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|
Auditors : |
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|
Name : |
M.M Jain and Associates Chartered Accountants |
|
Address : |
202 - 203, Shrimohini Complex, 345, Kingsway, Nagpur- 440001, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFM6199F |
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Joint Venture : |
IBN Lokmat News Private Limited |
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Subsidiaries : |
· Lokmat Entertainment Private Limited CIN No.: U92190MH2009PTC196077 · Asera Power Private Limited CIN No.: U40109MH2009PTC196213 |
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Related Enterprises
where Significant influence exist : |
· Darda Investment and Properties Private Limited · Media World Enterprises · Devendra Printers · Darda Printocrats Private Limited · Mogra Scangraph Private Limited · Regal Publication Private Limited · Prithvi Prakashan Private Limited · Goldie Advertising and Marketing Services Private Limited · Great Asera Infrastructure Private Limited · Cozy Properties Private Limited · Asera Hospitality Private Limited |
CAPITAL STRUCTURE
As on 28.10.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 750.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37,648,834 |
Equity Shares |
Rs.10/- each |
Rs. 376.488 Millions |
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|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.05.2013 |
31.05.2012 |
31.05.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
376.488 |
414.872 |
414.872 |
|
(b) Reserves & Surplus |
2657.045 |
2638.552 |
2153.056 |
|
(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) |
3033.533 |
3053.424 |
2567.928 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
179.620 |
323.540 |
318.151 |
|
(b) Deferred tax liabilities (Net) |
86.303 |
103.985 |
85.879 |
|
(c) Other long term
liabilities |
150.662 |
148.069 |
136.477 |
|
(d) long-term
provisions |
74.031 |
59.703 |
70.490 |
|
Total Non-current
Liabilities (3) |
490.616 |
635.297 |
610.997 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
238.685 |
253.268 |
260.891 |
|
(b) Trade
payables |
146.323 |
193.044 |
258.468 |
|
(c) Other
current liabilities |
478.507 |
380.695 |
306.697 |
|
(d) Short-term
provisions |
363.628 |
13.236 |
0.000 |
|
Total Current
Liabilities (4) |
1227.143 |
840.243 |
826.056 |
|
|
|
|
|
|
TOTAL |
4751.292 |
4528.964 |
4004.981 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1603.313 |
1723.262 |
1470.391 |
|
(ii)
Intangible Assets |
4.618 |
1.076 |
1.273 |
|
(iii)
Capital work-in-progress |
26.531 |
32.976 |
68.137 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
651.974 |
651.974 |
561.647 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
76.742 |
71.733 |
119.074 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2363.178 |
2481.021 |
2220.522 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.687 |
0.687 |
0.695 |
|
(b)
Inventories |
469.118 |
616.448 |
484.095 |
|
(c) Trade
receivables |
1057.559 |
852.094 |
778.927 |
|
(d) Cash
and cash equivalents |
689.187 |
479.934 |
440.813 |
|
(e)
Short-term loans and advances |
106.038 |
38.302 |
66.770 |
|
(f) Other
current assets |
65.525 |
60.478 |
13.159 |
|
Total
Current Assets |
2388.114 |
2047.943 |
1784.459 |
|
|
|
|
|
|
TOTAL |
4751.292 |
4528.964 |
4004.981 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.05.2013 |
31.05.2012 |
31.05.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
4407.652 |
|
|
|
Other Income |
|
|
42.989 |
|
|
|
TOTAL (A) |
8186.623 |
4936.113 |
4450.641 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Consumption materials changes inventories |
|
|
2075.859 |
|
|
|
Manufacturing service costs |
|
|
270.467 |
|
|
|
Employee related expenses |
|
|
638.509 |
|
|
|
Administrative selling other expenses |
|
|
526.126 |
|
|
|
TOTAL (B) |
7000.808 |
3908.737 |
3510.961 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
1185.815 |
1027.376 |
939.680 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
64.223 |
88.410 |
40.287 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1121.592 |
938.966 |
899.393 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
249.283 |
242.364 |
185.341 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
872.309 |
696.602 |
714.052 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
257.318 |
210.106 |
222.048 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
614.991 |
486.496 |
492.004 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1469.954 |
1032.103 |
589.094 |
|
|
|
|
|
|
|
|
|
Add |
TRANSFER
TO REVALUATION RESERVE |
0.004 |
0.004 |
0.005 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
61.499 |
48.649 |
49.000 |
|
|
|
Dividend |
301.191 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
51.187 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1671.072 |
1469.954 |
1032.103 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
16.33 |
11.72 |
11.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.05.2013 |
31.05.2012 |
31.05.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
NA |
11.16 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA
|
NA |
21.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.42 |
18.12 |
21.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.23 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.14 |
0.19 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95 |
2.44 |
2.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.05.2011 |
31.05.2012 |
31.05.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
414.872 |
414.872 |
376.488 |
|
Reserves & Surplus |
2153.056 |
2638.552 |
2657.045 |
|
Net
worth |
2567.928 |
3053.424 |
3033.533 |
|
|
|
|
|
|
long-term borrowings |
318.151 |
323.540 |
179.620 |
|
Short term borrowings |
260.891 |
253.268 |
238.685 |
|
Total
borrowings |
579.042 |
576.808 |
418.305 |
|
Debt/Equity
ratio |
0.225 |
0.189 |
0.138 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.05.2011 |
31.05.2012 |
31.05.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
4450.641 |
4936.113 |
8186.623 |
|
|
|
10.908 |
65.852 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.05.2011 |
31.05.2012 |
31.05.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
4450.641 |
4936.113 |
8186.623 |
|
Profit |
534.993 |
486.496 |
614.991 |
|
|
12.02% |
9.86% |
7.51% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.05.2013 (Rs.
In Millions) |
31.05.2012 (Rs.
In Millions) |
31.05.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current Maturities of Long Term Debts |
110.280 |
143.600 |
163.600 |
|
|
|
|
|
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10469177 |
07/12/2013 |
186,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B93139178 |
|
2 |
10221777 |
14/10/2010 * |
334,800,000.00 |
BANK OF INDIA |
NAGPUR CORPORATE
BANKING BRANCH, S V PATEL MARG, |
A97346407 |
|
3 |
80027456 |
17/10/1994 |
6,000,000.00 |
BANK OF INDIA |
SITABULDI BRANCH, NAGPUR, MAHARASHTRA - 440009, INDIA |
- |
|
4 |
80027457 |
28/03/2007 * |
40,000,000.00 |
BANK OF INDIA |
SITABULDI BRANCH,
SITABULDI, NAGPUR, MAHARASHTRA |
- |
|
5 |
80027455 |
28/03/2007 * |
140,000,000.00 |
BANK OF INIDA |
SITABUILDI BRANCH,
SITABULDI, NAGPUR, MAHARASHTRA |
A14684674 |
* Date of charge modification
NATURE OF OPERATION
The Company is primarily engaged in the business of Printing and Publishing of Newspapers, Magazine, Film production and distribution and Event management activities. Companys major brands are Lokmat, Lokmat Samachar, Lokmat Times and G2. The Group also derives revenue from the Advertisements published in publications and sale of publications.
CONTINGENT LIABILITIES
|
PARTICULARS |
31.05.2013 (Rs.
In Millions) |
31.05.2012 (Rs.
In Millions) |
|
Claim of workers against the company, not acknowledged as debts |
82.405 |
72.194 |
|
Income Tax Cases |
1.060 |
1.659 |
|
VAT Cases |
24.663 |
0.000 |
|
Service Tax Cases |
0.000 |
1.218 |
|
Grampanchyat Property Tax Cases |
0.000 |
1.997 |
|
Corporate Guarantee (jointly with ibn18 Broadcast Limited) |
24.230 |
101.744 |
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
Intangible Assets
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.