MIRA INFORM REPORT

Report No. :	315932
Report Date :	08.04.2015

IDENTIFICATION DETAILS

Name :	KASTURI AND SONS LIMITED
Registered Office :	Kasturi Building, 859 and 860, Anna Salai, Chennai – 600002, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	21.02.1940
Com. Reg. No.:	18-001091
Capital Investment / Paid-up Capital :	Rs.17.600 Million
CIN No.: [Company Identification No.]	U22110TN1940PLC001091
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	CHEK00065C
PAN No.: [Permanent Account No.]	AAACK3000H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of printing and publishing.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 16300000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Exist
Comments :	Subject is one of the leading media house in India. The company’s publications include The Hindu Business Line, a business daily many more. Fundamentals are strong. The company has reported operational loss during the financial year 2013-14. Further, liquidity seems to be under pressure. However, the rating takes into consideration strong position of net worth, increase in revenue, launch of the Hindu Tamil newspaper which would benefit company in the long run. Trade relations are fair. Business is active. Payments are reported to be usually correct. The company can be considered 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 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Rs.250.000 Million Fixed Deposits = FA/Stable
Rating Explanation	Adequate Safety
Date	October 2014

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 DENIED

Management Non Co-Operative (Tel No.: 91-44-28576300)

LOCATIONS

Registered Office :	Kasturi Building, 859 and 860, Anna Salai, Chennai – 600002, Tamilnadu, India
Tel. No.:	91-44-28413344/ 28576300/ 28415375/ 28551046
Fax No.:	91-44-28415325/ 28551046
E-Mail :	eskey@thehindu.co.in hindu@vsnl.com bleditor@thehindu.co.in padmanabhan.s@thehindu.co.in
Website :	http://www.hindu.com
77Branch Offices :	Located At: · Bangalore · Kolkata · Coimbatore · Hyderabad · Kochi · Kozhikode · Madurai · Mumbai · New Delhi · Trichy · Trivandrum · Vizag · Patna · Vijayawada · Bahrain · Brussels · Cape Town · Colombo · Islamabad · London · Singapore · Tokyo · Washington

DIRECTORS

As on 25.09.2014

Name :

Mr. Murali Narasimhan

Designation :

Managing Director

Address :

260-A, TTK Road,Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

11.08.1946

Qualification :

B.Com, A.C.A

Date of Appointment :

13.11.2011

PAN No.:

AACPM7823K

DIN No.:

00141517

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	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	13/11/2011	01/02/1980	-	Active	NO
2	U65991WB1989PTC184151	KRISHKAN INVESTMENTS PRIVATE LIMITED	Director	05/06/1989	05/06/1989	12/01/2011	Active	NO
3	U73100KA1995PTC018773	NTT DATA FA Insurance Systems (India) Private Limited	Director	10/01/2000	10/01/2000	22/09/2010	Active	NO
4	U74300TN2001PTC046414	WAN - IFRA SOUTH ASIA PRIVATE LIMITED	Director	05/01/2001	05/01/2001	21/07/2011	Active	NO
5	U74300TN2007PTC063452	CCI Sourcing Private Limited	Nominee director	19/09/2008	13/08/2007	04/12/2008	Active	NO
6	U22300DL2007PTC168950	METRONATION CHENNAI TELEVISION Private Limited	Director	30/09/2008	04/10/2007	22/09/2010	Active	NO

Name :

Mr. Rajiv Chellappa Lochan

Designation :

Managing Director

Address :

No.4/1, Ambadi Road, Kotturpuram, Chennai, 600085, Tamilnadu, India

Date of Birth/Age :

23.07.1971

Date of Appointment :

01.06.2014

DIN No.:

05309534

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	U65900TG2009PTC063600	IKP TRUSTEESHIP SERVICES PRIVATE LIMITED	Director	01/06/2014	30/08/2011	-	Active	NO
2	U85110TN2008NPL068063	SughaVazhvu Healthcare	Director	30/09/2013	01/01/2013	02/12/2014	Active	NO
3	U92190TG1998NPL029821	IKP KNOWLEDGE PARK	Director	19/08/2013	17/07/2013	02/11/2014	Active	NO
4	U73100TG2009NPL063074	IKP CENTRE FOR TECHNOLOGIES IN PUBLIC HEALTH	Director	30/09/2013	05/08/2013	02/12/2014	Active	NO
5	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Managing director	01/06/2014	01/06/2014	-	Active	NO
6	U74900TN2013PTC094383	IFMR HOLDINGS PRIVATE LIMITED	Additional director	26/02/2015	26/02/2015	-	Active	NO

Name :

Mr. Ram Narsimhan

Designation :

Whole Time Director

Address :

43B Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

04.05.1945

Qualification :

M.,A, M.S (Journalism), Columbia University

Date of Appointment :

21.06.2011

PAN No.:

AABPR2932D

DIN No.:

00141557

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	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	21/06/2011	05/07/1977	-	Active	NO
2	U85110TN1990PTC018730	EHS MANAGEMENT TECHNOLOGIES PRIVATE LIMITED	Director	22/02/1990	22/02/1990	-	Dissolved	NO
3	U70101TN1948PTC001117	KASTURI ESTATES PRIVATE LIMITED	Director	10/05/1991	10/05/1991	-	Active	NO
4	U22122TN1999PTC042550	TNQ BOOKS & JOURNALS PRIVATE LIMITED	Director	27/03/2000	27/03/2000	-	Active	NO
5	U64200MH1994PLC083996	MAHINDRA FIRST CHOICE WHEELS LIMITED	Director	16/06/2000	16/06/2000	16/06/2008	Active	NO
6	U22300DL2007PTC168950	METRONATION CHENNAI TELEVISION Private Limited	Director	30/09/2008	04/10/2007	-	Active	NO

Name :

Mr. Kasturi Balaji

Designation :

Whole Time Director

Address :

34, Kasturi Ranga Road,Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

24.09.1955

Qualification :

B.com, M.M.S

Date of Appointment :

01.10.2010

PAN No.:

AABPB6782D

DIN No.:

00141713

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	U22219TN1991PTC021111	SANKA GRAPHICS PRIVATE LIMITED	Director	11/07/1991	11/07/1991	-	Strike off	NO
2	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	01/06/2012	05/07/2000	-	Active	NO
3	U74300TN2007PTC063452	CCI Sourcing Private Limited	Nominee director	19/09/2008	13/08/2007	04/12/2008	Active	NO
4	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	25/10/2010	25/10/2010	-	Active	NO

Name :

Mr. Ravi Narasimhan

Designation :

Whole Time Director

Address :

New No.28, Old No.43-A, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

01.01.1948

Qualification :

M.A, B.L

Date of Appointment :

23.07.2010

PAN No.:

AABPR2916

DIN No.:

00141587

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	U65991TN1989PTC017498	SERENDIPITY INVESTMENTS PRIVATE LIMITED	Director	05/06/1989	05/06/1989	-	Active	NO
2	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	23/07/2010	23/07/1990	-	Active	NO
3	U74899DL1947PLC103246	THE PRESS TRUST OF INDIA LIMITED	Director	26/08/1991	26/08/1991	-	Active	NO
4	U65991TN1989PLC017792	IFIN SECURITIES FINANCE LIMITED	Director	08/01/1999	08/01/1999	04/03/2011	Active	NO

Name :

Mrs. Nirmala Lakshmanan

Designation :

Whole Time Director

Address :

30-A, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

30.01.1954

Qualification :

M.A, Ph.D

Date of Appointment :

04.03.2011

PAN No.:

AAAPL4321R

DIN No.:

00141632

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	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	04/03/2011	04/03/1991	-	Active	NO
2	U33111TN1986PTC013157	MAGNUM INTEGRATED SERVICES PRIVATE LIMITED	Director	02/04/2004	02/04/2004	-	Active	NO
3	U65991TN1989PLC017792	IFIN SECURITIES FINANCE LIMITED	Director	30/09/2005	30/09/2005	04/03/2011	Active	NO

Name :

Mrs. Malini Parthsarathy

Designation :

Whole Time Director-Joint Editor

Address :

280, J J Road, Off T.T.K. Road, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

15.08.1959

Qualification :

M.S. (Journalism), Columbia University, Ph.D

Date of Appointment :

21.06.2011

PAN No.:

AAFPM2689A

DIN No.:

00141685

Name :

Mr. Ramesh Rangarajan

Designation :

Whole Time Director

Address :

New No.15, Old No.7, Parthasarathy Gardens, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

18.10.1959

Qualification :

B.A

Date of Appointment :

21.06.2011

PAN No.:

AABPR2301J

DIN No.:

00141701

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	U65993TN1990PTC019983	HARINI INVESTMENTS AND FARMS PRIVATE LIMITED	Director	07/12/1990	07/12/1990	-	Active	NO
2	U70101TN1948PTC001117	KASTURI ESTATES PRIVATE LIMITED	Director	10/05/1991	10/05/1991	-	Active	NO
3	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	21/06/2011	21/06/1991	-	Active	NO
4	U74999TN1995PTC033848	HINDCORP RESORTS PRIVATE LIMITED	Director	22/12/1995	22/12/1995	-	Active	NO
5	U22300DL2007PTC168950	METRONATION CHENNAI TELEVISION Private Limited	Director	03/08/2011	29/11/2010	19/07/2012	Active	NO

Name :

Mr. Kasturi Venugopal

Designation :

Whole Time Director

Address :

30, Kasturi Ranga Road, Alwarpet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

18.08.1957

Qualification :

M.A, M.S. (Journalism)

Date of Appointment :

05.07.2010

PAN No.:

AAAPV6086B

DIN No.:

00141736

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	U22219TN1991PTC021111	SANKA GRAPHICS PRIVATE LIMITED	Director	11/07/1991	11/07/1991	-	Strike off	NO
2	U70101TN1948PTC001117	KASTURI ESTATES PRIVATE LIMITED	Director	31/12/1991	31/12/1991	-	Active	NO
3	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	05/07/2010	05/07/2000	-	Active	NO

Name :

Mr. Srinath Lakshmi

Designation :

Whole Time Director

Address :

38, First Main Road, R A Puram, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

23.09.1959

Qualification :

B.A, C.LIB, SC

Date of Appointment :

01.10.2012

PAN No.:

AAAPL2756L

DIN No.:

00141755

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	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	01/10/2012	05/07/2000	-	Active	NO
2	U74999TN2011PTC081558	TVAM ART AND DESIGN STUDIO PRIVATE LIMITED	Director	18/07/2011	18/07/2011	-	Under Process of Striking off	NO

Name :

Mr. Akila Vijay Iyengar

Designation :

Whole Time Director

Address :

65, Coronation Road, Singapore-269464

Date of Birth/Age :

20.06.1965

Qualification :

B.A

Date of Appointment :

01.10.2008

PAN No.:

AAAPV4451

DIN No.:

00141804

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	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	01/08/2013	05/07/2000	-	Active	NO

Name :

Mr. Vijaya Arun

Designation :

Whole Time Director

Address :

New No.189, Old No.122, St. Mary’s Road, Chennai - 600018, Tamilnadu, India

Date of Birth/Age :

11.04.1963

Qualification :

M.Sc, PG Diploma

Date of Appointment :

01.10.2007

PAN No.:

AAAPA5764B

DIN No.:

01343692

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	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Whole-time director	01/10/2012	24/02/2007	-	Active	NO
2	U65923TN2010PTC075780	SARGAM HOLDING COMPANY PRIVATE LIMITED	Director	21/05/2010	21/05/2010	-	Active	NO
3	U28100TN1970PTC005846	SARGAM METALS PRIVATE LIMITED	Director	16/03/2011	16/03/2011	-	Active	NO

Name :

Mahalingam Seturaman

Designation :

Director

Address :

6, Subbaraya Iyer Avenue, Abhiramapuram, Chennai, 600018, Tamilnadu, India

Date of Birth/Age :

10.02.1948

Date of Appointment :

20.08.2014

DIN No.:

00121727

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	U29309MH1987PLC257475	WTI ADVANCED TECHNOLOGY LIMITED	Director	15/09/1998	15/09/1998	28/03/2013	Active	NO
2	U75142TG2002PLC039671	APONLINE LIMITED	Nominee director	26/09/2003	26/09/2003	11/03/2013	Active	NO
3	U91120TN2005NPL057561	NANI PALKHIVALA ARBITRATION CENTRE	Director	21/09/2005	21/09/2005	-	Active	NO
4	L22210MH1995PLC084781	TATA CONSULTANCY SERVICES LIMITED	Whole-time director	06/09/2012	06/09/2007	10/02/2013	Active	NO
5	U70102MH2007PLC168300	Tata Realty and Infrastructure Limited.	Director	01/09/2008	14/01/2008	-	Active	NO
6	L72200TG1975PLC001970	CMC LIMITED	Director	29/06/2010	14/01/2010	-	Active	NO
7	U22120MH2011NPL218720	CSI Publications	Director	16/06/2011	16/06/2011	-	Active	NO
8	U85300DL2008NPL181612	National Skill Development Corporation	Director	21/08/2012	06/07/2012	-	Active	NO
9	L65110TN1904PLC001287	CITY UNION BANK LIMITED	Director	30/08/2013	22/07/2013	-	Active	NO
10	U73100TN2006NPL059651	IIT MADRAS RESEARCH PARK	Director	31/08/2013	31/08/2013	-	Active	NO
11	L65191TN1954PLC002429	SUNDARAM FINANCE LIMITED	Director	23/07/2014	26/05/2014	-	Active	NO
12	U35999TN1961PLC004678	LUCAS TVS LIMITED	Director	22/09/2014	25/06/2014	-	Active	NO
13	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Director	20/08/2014	20/08/2014	-	Active	NO
14	U72200KL2000NPL014187	INDIAN INSTITUTE OF INFORMATION TECHNOLOGY AND MANAGEMENT KERALA (SEC 25 COMPANY)	Director	16/09/2014	16/09/2014	-	Active	NO
15	U63011TN2004PLC054655	TVS LOGISTICS SERVICES LIMITED	Director	20/02/2015	20/02/2015	-	Active	NO

Name :

Vinita Bali

Designation :

Director

Address :

Flat No. 1104, Tulip Prestige Exotica, Cunningham Crescent Road, Bangalore - 560052, Karnataka, India

Date of Birth/Age :

11.11.1955

Date of Appointment :

20.08.2014

DIN No.:

00032940

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	U15201WB2002PTC191511	BRITANNIA DAIRY PRIVATE LIMITED	Director	03/02/2005	03/02/2005	10/11/2010	Active	NO
2	L15412WB1918PLC002964	BRITANNIA INDUSTRIES LTD	Managing director	31/05/2011	31/05/2006	31/03/2014	Active	NO
3	U63013DL2004PLC217305	GO AIRLINES (INDIA) LIMITED	Director	25/10/2007	24/08/2006	01/10/2014	Active	NO
4	L74999TZ1984PLC001456	TITAN COMPANY LIMITED	Director	01/08/2014	08/10/2006	-	Active	NO
5	L30007KA1992PLC025294	MphasiS Limited	Director	14/09/2007	30/03/2007	15/07/2010	Active	NO
6	U28992MH1998PLC113433	Piramal Glass Limited	Director	07/08/2008	26/07/2007	08/09/2014	Active	NO
7	U66020MH2008FTC179912	Goldman Sachs Trustee Company (India) Private Limited	Director	26/08/2009	26/03/2008	17/05/2011	Active	NO
8	L17120MH1879PLC000037	THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED	Director	28/08/2009	30/04/2009	01/10/2014	Active	NO
9	L99999MH1863PLC000002	BOMBAY BURMAH TRADING CORPORATION LIMITED	Director	10/08/2010	28/04/2010	01/10/2014	Active	NO
10	U85100DL2008NPL178133	CARE India Solutions For Sustainable Development	Director	24/11/2010	24/11/2010	-	Active	NO
11	L67120MH1987PLC042363	CRISIL LIMITED	Director	17/04/2014	14/02/2014	-	Active	NO
12	U22110TN1940PLC001091	KASTURI & SONS LIMITED	Director	20/08/2014	20/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. S. Padmanabhan
Designation :	Chief Financial Officer and Company Secretary
Address :	New No.59, First Main Road, CIT Nagar, Chennai – 600035, Tamilnadu, India
Date of Birth/Age :	12.04.1968
Date of Appointment :	01.01.2011
PAN No.:	AAKPP8312L
Name :	Mr. Arun Anant
Designation :	Chief Executive Officer
Name :	Mr. Suresh Srinivasan
Designation :	Vice President (Advertising)

MAJOR SHAREHOLDERS

As on 25.09.2014

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 25.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	14.13
Bodies corporate	3.07
Directors or relatives of Directors	82.80
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of printing and publishing.

Products :

Product Description	Item Code No. (ITC Code)
Printing and Publishing Newspapers, Journals and Periodicals	49021010

Brand Names :

--

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Not Divulged

No. of Employees :

Information denied by management

Bankers :

· Central Bank of India Limited, Addison Buildings, 803, Anna Salai, Chennai - 600002, Tamilnadu, India

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel, West, Mumbai - 400013, Maharashtra, India

· ICICI Bank limited, Landmark Race Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Rupee Term Loans
Central Bank of India	0.000	60.000
ICICI Bank Limited	52.500	82.500
HDFC Bank Limited	250.000	375.000
Foreign Currency Term Loans
ICICI Bank Limited	1825.093	2088.776
HDFC Bank Limited	0.000	10.755
Long term maturities of finance lease obligations	32.148	40.239
SHORT TERM BORROWINGS
Short term Rupee Loans from banks	400.000	0.000
Cash Credits from Banks	47.639	207.072
Foreign Currency Loans -Buyers credit	599.926	56.143
Total	3207.306	2920.485

Notes:

Long Term Borrowings

The company has availed an Indian rupee term loan from Central Bank of India in tranches from 2008 to 2010 which is repayable in twenty quarterly instalments from April 2010 to January 2015, carrying interest rate of 2.75% above the Base rate with monthly rests.

The company has availed an Indian rupee term loan from ICICI Bank on 30.12.2010 which is repayable in twenty quarterly instalments from February 2012 to November 2016, carrying interest rate of 12.65% with monthly rests (Interest reset yearly).

The company has availed an Indian rupee term loan from HDFC Bank which is repayable in sixteen quarterly instalments from June 2013 to March 2017, carrying interest rate of 11.25% with monthly rests.

• The company has availed the following External Commercial Borrowings (ECB) from ICICI Bank Hong Kong branch ECB Loan III availed in 2009-10 which is payable in nineteen half yearly instalments from January 2010 to January 2019, carrying interest rate of JPY 4 % with 6 months rest.

• ECB Loan IV availed in 2011-12 which is payable in twelve half yearly instalments from December 2013 to June 2019, carrying interest rate of 3.75% above the six month LIBOR, with six months rest.

• ECB Loan V availed in 2012-13 which is repayable in twelve half yearly instalments from July 2013 to January 2019, carrying interest rate of JPY 3.30%, with six months rest.

The company has availed a Foreign Currency Term Loan (FCNR (B)) from HDFC Bank which is repayable in sixteen quarterly instalments from July 2010 to April 2014, carrying interest rate 10.49% p.a. with monthly rests.

All the Term Loans are secured by equitable mortgage of immovable properties situated at Chennai Anna Salai & Maraimalai Nagar, Madurai- K.K.Nagar, Coimbatore-A.T.T.Colony & Singanallur, Mumbai, Hyderabad-Begumpet & Uppal, Vishakhapatnam-TPT Colony, Thiruvananthapuram-Vallakadavu, New

Delhi, Mangalore, Tiruchirapallai, Vijayawada, Cochin and Bangalore-B.M.Road. Further all term loans are secured by Hypothecation of machinery situated at all printing centers.

Short Term Borrowings

HDFC Bank

Cash Credit, short term loans and non-fund based limits of Rs.250.000 Million are secured by first charge of Stock and Book Debts of the company on pari passu basis

ICICI Bank

· Cash Credit, Short Term Loans, Letters of Credit (Buyers Credit) are secured against first charge on all present and future current assets of the company on pari passu basis

· Letters of Credit (Buyers Credit for Capital Goods) are secured on Borrowers fixed assets including all movable and immovable properties both present and future on pari passu basis

· ICICI letter of credit for Capital goods are secured againts first charge on all present and future current assets of company ranking pari passu with other working capital of bankers, CBI and HDFC Bank

Central Bank of India

· Cash credit is secured against hypothecation of stocks of Newsprint and book debts on first pari passu basis Short Term Loans are secured against current assets on first pari passu basis

· Letters of Credit are secured against documents of title to goods.

· Letters of Guarantee are secured against counter guarantee of the company

Auditors :
Name :	Brahmayya and Company Chartered Accountants
Address :	No. 48, Masilamani Road, Balaji Nagar, Royapettah Chennai – 600014, Tamilnadu, India
PAN No.:	AAAFB2481J
Memberships :	--
Collaborators :	--
Subsidiary Company :	KSL Media Limited CIN No.: U22222TN2013PLC092078
Joint Venture :	CCI Sourcing Private Limited, India CIN No.: U74300TN2007PTC063452
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Kasturi Estates Private Limited, India CIN No.: U70101TN1948PTC001117 Arte Compass Pte Limited

CAPITAL STRUCTURE

As on 25.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs.50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
176000	Equity Shares	Rs.100/- each	Rs.17.600 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	17.600	17.600	17.600
(b) Reserves & Surplus	5,681.504	6,207.230	5,847.484
(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)	5,699.104	6,224.830	5,865.084
(3) Non-Current Liabilities
(a) long-term borrowings	2,165.553	2,955.059	2,383.554
(b) Deferred tax liabilities (Net)	246.114	471.214	411.217
(c) Other long term liabilities	175.517	144.644	138.548
(d) long-term provisions	391.499	400.423	310.177
Total Non-current Liabilities (3)	2,978.683	3,971.340	3,243.496
(4) Current Liabilities
(a) Short term borrowings	1,212.098	553.799	637.686
(b) Trade payables	743.605	536.456	531.665
(c) Other current liabilities	2,756.798	1,695.008	1,564.138
(d) Short-term provisions	126.912	159.170	155.081
Total Current Liabilities (4)	4,839.413	2,944.433	2,888.570
TOTAL	13,517.200	13,140.603	11,997.150
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	7,424.354	7,168.370	6,567.285
(ii) Intangible Assets	134.281	154.884	123.500
(iii) Capital work-in-progress	88.822	609.104	208.070
(iv) Intangible assets under development	9.188	0.000	0.000
(b) Non-current Investments	10.124	0.125	0.125
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	732.119	517.989	768.661
(e) Other Non-current assets	361.409	236.452	70.308
Total Non-Current Assets	8,760.297	8,686.924	7,737.949
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1,894.456	1,562.426	1,456.929
(c) Trade receivables	2,306.175	2,100.267	1,888.385
(d) Cash and cash equivalents	460.125	629.833	459.796
(e) Short-term loans and advances	79.545	144.371	153.447
(f) Other current assets	16.602	16.782	300.644
Total Current Assets	4,756.903	4,453.679	4,259.201
TOTAL	13,517.200	13,140.603	11,997.150

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		11,223.365	10,521.950	9,917.939
		Other Income		47.940	73.063	206.121
		TOTAL (A)		11,271.305	10,595.013	10,124.060
Less	EXPENSES
		Cost of Materials Consumed		3,172.951	2,866.551	2,945.321
		Employee Benefits Expenses		4,082.963	3,285.021	3,157.245
		Other Expenses		3,375.434	2,438.936	2,194.823
		TOTAL (B)		10,631.348	8,590.508	8,297.389
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			639.957	2,004.505	1,826.671
Less	FINANCIAL EXPENSES (D)			435.335	335.653	281.745
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			204.622	1,668.852	1,544.926
Less	DEPRECIATION/ AMORTISATION (F)			852.490	803.155	750.652
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			(647.868)	865.697	794.274
Less	TAX (H)			(225.100)	300.447	214.008
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			(422.768)	565.250	580.266
	EARNINGS IN FOREIGN CURRENCY
			Export of publications	1.924	2.631	1.998
			Advertising and others	51.369	30.918	34.340
			Royalty	10.086	9.119	9.875
			Interest Income	0.183	0.137	0.000
	TOTAL EARNINGS			63.562	42.805	46.213
	IMPORTS
			Raw materials	3041.865	2428.476	2324.318
			Stores & Spare parts	24.847	27.856	55.809
			Capital goods and services	46.970	871.880	166.983
	TOTAL IMPORTS			3113.682	3328.212	2547.110
	Earnings / (Loss) Per Share (Rs.)			(2402.10)	3212.00	3297.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	(3.77)	5.37	5.85
Operating Profit Margin (PBDIT/Sales)	(%)	5.70	19.05	18.42
Return on Total Assets (PBT/Total Assets}	(%)	(4.83)	6.91	6.74
Return on Investment (ROI) (PBT/Networth)		(0.11)	0.14	0.14
Debt Equity Ratio (Total Debt /Networth)		0.59	0.56	0.52
Current Ratio (Current Asset/Current Liability)		0.98	1.51	1.47