MIRA INFORM REPORT

Report No. :	355095
Report Date :	22.12.2015

IDENTIFICATION DETAILS

Name :	HINDUSTAN MEDIA VENTURES LIMITED
Registered Office :	Budh Marg, P.S. –Kotwali, Patna – 800001, Bihar.
Tel. No.:	91-612-222 3434
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	09.07.1918
Com. Reg. No.:	03-000013
Capital Investment / Paid-up Capital :	Rs. 733.938 Million
CIN No.: [Company Identification No.]	L21090BR1918PLC000013
IEC No.:	2109001674
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
PAN No.: [Permanent Account No.]	AAGCS0920E
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges
Line of Business :	The company is engaged in the business of publishing ‘Hindustan’, a Hindi Daily, and two monthly Hindi magazines ‘Nandan’ and ‘Kadambani’. (Registered Activities)
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Aa (75)

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 20000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Not Available (Case Site not working)
Comments :	Hindustan Media Ventures Limited is a 75% subsidiary of “HT Media Limited” and is listed on the Bombay Stock Exchange And National Stock Exchange. The company was incorporated on July 9, 1918 and has been one of India’s eminent Hindi Newspaper dailies for over the year. The ratings take into considerations on company’s healthy operational and business synergies with its parent company, strong brand recognition of Hindustan and enjoying a leadership position in key Hindi speaking markets in India and the healthy scale up in operations of company supported by consistent growth in circulation revenues; robust margins and profitability indicators. Company enjoys adequate financial flexibility marked by a small debt financial profile, strong equity base, significant cash balances, healthy cash flows from operations and robust coverage indicators and the same has been factored in the ratings positively. The Ratings, however, continue to be constrained on account of a single publications driven revenue model and limited geographical diversity, competitive intensity in the Hindi print media sector and susceptibility of company’s margins to volatility in newsprint prices. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. 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.

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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	ICRA
Rating	Long term Bank Facilities = AA
Rating Explanation	High degree of safety and very low credit risk
Date	October 2015

Rating Agency Name	ICRA
Rating	Short term Bank Facilities = A1+
Rating Explanation	Very Strong degree of safety and carry lowest credit risk
Date	October 2015

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 31-03-2015.

INFORMATION DENIED

Management Non co-operative (91-612-6610650, 91-11-66561234)

LOCATIONS

Registered Office :

Budh Marg, P.S. –Kotwali Patna – 800001, Bihar, India

Tel. No.:

91-612-222 3434

Fax No.:

91-612-222 1545

E-Mail :

tridib.barat@hindustantimes.com

Website :

http://www.hmvl.in

Corporate Office:

Hindustan Times House, 2nd Floor 18-20, Kasturba Gandhi Marg, New Delhi – 110001, India

Tel. No.:

91-11-6656 1608

Fax No.:

91-11-6656 1445

E-Mail :

hmvlinvestor@livehindustan.com

Plant Locations :

City	Address
Agra	Plot No. 660/2, Shastripuram Crossing, Sikandra Artoni, Agra Mathura Road, Agra – 282007,Uttar Pradesh, India
Aligarh	Near JD Ayurvedic College, Village-Bhakharikhas, GT Road, Aligarh – 202001, Uttar Pradesh, India
Allahabad	F-1 Industrial Area, Naini, Allahabad – 211010, Uttar Pradesh, India
Bareilly	Plot Nos. 411, 412, 413, 424 & 425 Mathurapur, Rampur Road, Bareilly – 243001, Uttar Pradesh, India
Dehradun	E-3, 4, Selaqui Industrial Area, Selaqui, Dehradun – 248197, Uttarakhand, India
Dhanbad	Village Bhelatand, PO-Nagnagar, PS-Barbadda, Bhela Tand Road, Dhaiya, Dhanbad – 826004, Zarkhand, India
Gaya	Chhotki Nawada, Cotton Mill, Police Station Chandauti, Gaya – 823001,Bihar, India
Jamshedpur	NH 33, Village Tola Kumrum, Post Kapali, Near Mango Telephone Exchange, Mango Jamshedpur – 831012, India
Kanpur	Plot No. D-9, Site – III, Panki Industrial Area, Kanpur – 208022, Uttar Pradesh, India
Lucknow	Pocket – 2, Vibhuti Khand, Gomti Nagar, Lucknow – 226010 Uttar Pradesh, India.
Meerut	Khasra No. 592/3, 0.5 KM Partapur By-pass, Opp. Kalka Dental College, Meerut – 250103, Uttar Pradesh,India
Moradabad	Mini Bypass, Lakri Fazalpur, Near Police Post, Moradabad – 244001, Uttar Pradesh, India
Patna	Village - Bhagwatipur, Near Shiwala Chowk, Naubatpur Road Police Station - Shahpur, Danapur Patna-801503, Bihar India
Ranchi	7 Kokar Industrial Area, PO & PS - Kokar, Ranchi – 834001,Zarkhand, India
Varanasi	Arazi no.603/5, Mauza-Koirajpur, Pargana – Athagawa, Tehsil Pindra, Varanasi – 221105, Uttar Pradesh, India

DIRECTORS

As on 31.03.2015

Name :

Mrs. Shobhana Bhartia

Designation :

Director

Address :

19, Friends Colony (West), New Delhi-110065, India

Date of Birth/Age :

04.01.1957

Date of Appointment :

08.09.2014

DIN No.:

00020648

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	U51900MH1962PLC012528	TATA INTERNATIONAL LIMITED	Director	08-09-14	12-08-04	-	Active	NO
2	L85110KA1989PLC009968	TATA ELXSI LIMITED	Director	02-09-04	02-09-04	-	Active	NO
3	U74140MH1996PTC099483	DSP BlackRock Investment Managers Private Limited	Director	21-10-04	21-10-04	-	Active	NO
4	L24223PB1988PLC008031	MAX INDIA LIMITED	Director	29-01-05	29-01-05	06-09-12	Active	NO
5	L65921MH1991PLC059642	MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED	Director	24-07-14	21-02-05	-	Active	NO
6	L45101UP1996PLC019759	NOIDA TOLL BRIDGE COMPANY LIMITED	Director	29-09-14	21-04-05	-	Active	NO
7	L85110KA1915PLC000740	UNITED BREWERIES (HOLDINGS) LIMITED	Director	30-12-05	30-12-05	19-02-12	Active	NO
8	U62100KA2004PLC034399	KINGFISHER TRAINING AND AVIATION SERVICES LIMITED	Director	30-09-06	31-01-06	15-10-08	Active	NO
9	L74999DL1991PLC042749	ICRA LIMITED	Director	13-08-14	30-03-06	30-09-14	Active	NO
10	L26942HR1958FLC042301	HeidelbergCement India Limited.	Director	14-06-07	19-10-06	-	Active	NO
11	L18101DL1970PLC005197	SRF LIMITED	Director	25-07-08	25-10-07	25-07-12	Active	NO
12	L28920MH1919PLC000567	THE TATA POWER COMPANY LIMITED	Director	13-08-14	03-07-08	-	Active	NO
13	L27100MH1999PLC121285	Mahindra CIE Automotive Limited	Director	29-07-09	29-07-08	02-08-11	Active	NO
14	L85110KA1995PLC018045	Kingfisher Airlines Limited	Director	26-12-08	15-10-08	09-01-12	Active	NO
15	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Director	08-09-14	19-12-11	-	Active	NO
16	U40100MH2003PLC143770	TATA POWER TRADING COMPANY LIMITED	Director	05-08-15	26-03-15	-	Active	NO

Name :

Mrs. Shamit Bhartia

Designation :

Director

Address :

19 Friends Colony (West), New Delhi- 110065, India

Date of Appointment :

08.09.2014

DIN No.:

00020623

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	U72200DL1988PLC033218	BLUE CHIP TECHN0LOGIES LIMITED	Director	19-09-88	19-09-88	-	Active	NO
2	U65900MH1997FLC109170	CITICORP FINANCE (INDIA) LIMITED	Director	02-07-97	02-07-97	31-07-08	Amalgamated	NO
3	L40100GJ1995PLC025447	SUZLON ENERGY LIMITED	Director	25-07-07	19-04-04	01-04-12	Active	NO
4	L02710CT1990PLC009826	MONNET ISPAT AND ENERGY LIMITED	Director	09-08-10	29-07-04	03-12-13	Active	NO
5	U28939DL1962PTC003780	MICRO ABRASIVES (INDIA) Private LIMITED	Director	30-11-04	30-11-04	11-06-13	Active	NO
6	L24116UP1978PLC004624	JUBILANT LIFE SCIENCES LIMITED	Director	25-01-05	25-01-05	14-10-08	Active	NO
7	U24300DL2003PLC123687	INTERNATIONAL CARS AND MOTORS LIMITED	Nominee director	11-06-05	11-06-05	30-09-08	Active	NO
8	U74899DL1995PLC073245	INTERNATIONAL TRACTORS LIMITED	Nominee director	14-06-05	14-06-05	30-09-08	Active	NO
9	U15131HP1978PTC003844	BENDOCHY AGRO PRODUCTS PVT LTD	Director	27-10-05	27-10-05	-	Active	NO
10	L99999PB1990PLC010307	TRIDENT LIMITED	Director	27-09-06	25-01-06	24-09-08	Active	NO
11	L45309WB1963PLC025898	TECHNO ELECTRIC & ENGG CO LTD	Nominee director	25-08-07	22-11-06	31-07-08	Amalgamated	NO
12	L27106WB1987PLC042756	HIMADRI CHEMICALS & INDUSTRIES LTD	Nominee director	27-04-07	27-04-07	27-08-08	Active	NO
13	L22121DL2002PLC117874	HT MEDIA LIMITED	Director	16-09-14	24-05-07	-	Active	NO
14	U63000MH2005PTC156922	HUMAN VALUE DEVELOPERS PRIVATE LIMITED	Additional director	17-08-07	17-08-07	21-10-08	Active	NO
15	U99999MH1995PLC087498	SHAREKHAN LIMITED	Alternate director	26-09-07	26-09-07	21-10-08	Active	NO
16	L27201MH1983PLC233813	JINDAL DRILLING AND INDUSTRIES LIMITED	Additional director	31-01-08	31-01-08	14-08-08	Active	NO
17	U34300DL2005PTC139495	PADMINI VNA MECHATRONICS PRIVATE LIMITED	Additional director	17-03-08	17-03-08	01-08-08	Active	NO
18	U74140DL2008PTC182274	CX Advisors Private Limited	Whole-time director	01-09-08	21-08-08	-	Converted to LLP and dissolved	NO
19	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Director	08-09-14	22-02-10	-	Active	NO
20	U32109DL2002PLC115129	NTL ELECTRONICS INDIA LIMITED	Director	07-09-10	07-09-10	-	Active	NO
21	U85110MH2000PLC123882	THYROCARE TECHNOLOGIES LIMITED	Nominee director	27-12-10	27-12-10	15-11-14	Active	NO
22	U75230BR1985PLC002083	SECURITY AND INTELLIGENCE SERVICES (INDIA) LIMITED	Director	27-09-13	03-04-13	-	Active	NO
23	U74120MH2011PLC212839	NUECLEAR HEALTHCARE LIMITED	Nominee director	27-09-13	23-08-13	13-06-14	Active	NO
24	U70101WB1939PLC009551	INDIAN CITY PROPERTIES LTD	Director	26-09-14	07-03-14	-	Active	NO
25	AAA-4311	CX ADVISORS LLP	Designated Partner	31-03-11	31-03-11	-	Active	NO

Name :

Mr. Piyush Gunwantrai Mankad

Designation :

Director

Address :

P1/61, Ats Village, Sector - 93a, Expressway, Noida - 201301, Uttar Pradesh, India

Date of Appointment :

08.09.2014

DIN No.:

00005001

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	L24223PB1988PLC008031	MAX INDIA LIMITED	Director	02-12-94	02-12-94	-	Active	NO
2	U65910DL1994PTC106080	ARGUS ESERVICES PRIVATE LIMITED	Director	01-12-98	01-12-98	12-03-12	Active	NO
3	U74899AP1994PLC063491	MGRM MEDICARE LIMITED	Whole-time director	05-08-00	05-08-00	30-09-08	Active	NO
4	U74899DL2000PTC105468	HOMELINKERS ESERVICES PRIVATE LIMITED	Director	06-08-00	06-08-00	25-08-08	Active	NO
5	U74899DL1998PLC094127	MGRM NET LIMITED	Director	21-10-00	21-10-00	01-09-08	Active	NO
6	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Director	08-09-14	22-02-10	-	Active	NO
7	U55101DL2010PTC207677	Max Ventures Private Limited	Director	30-09-11	01-01-11	-	Active	NO
8	U32200MH1992PLC119108	VODAFONE INDIA LIMITED	Director	28-09-12	26-05-12	-	Active	NO
9	U74140DL2011PLC218781	ANTARA SENIOR LIVING LIMITED	Director	02-11-12	29-06-12	-	Active	NO

Name :

Mr. Ajay Relan

Designation :

Director

Address :

C-121, Defence Colony,, New Delhi - 110003, India

Date of Appointment :

08.09.2014

DIN No.:

00002632

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	L25111KL1972PLC002449	APOLLO TYRES LIMITED.	Director	11-08-11	22-11-97	15-05-14	Active	NO
2	L65191TN1997PLC037415	IDFC Limited	Director	01-12-97	01-12-97	03-06-14	Active	NO
3	U74899DL1994PTC062240	AMARCHAND MANGALDAS PROPERTIES PRIVATE LIMITED	Director	20-03-01	20-03-01	-	Active	NO
4	L74899DL1981PLC015865	NIIT LIMITED	Director	27-03-01	27-03-01	07-05-10	Active	NO
5	U45201DL2001PTC111338	AMARCHAND TOWERS PROPERTY HOLDINGS PRIVATE LIMITED	Director	19-06-01	19-06-01	-	Active	NO
6	U74140DL2001PTC111337	FIRST FULL SERVICES PRIVATE LIMITED	Director	19-06-01	19-06-01	-	Active	NO
7	U45201DL2001PTC111336	FIRST COMMERCIAL SERVICES INDIA PRIVATE LIMITED	Director	19-06-01	19-06-01	-	Active	NO
8	L21010MH1945PLC010337	BALLARPUR INDUSTRIES LIMITED	Director	27-07-01	27-07-01	20-04-10	Active	NO
9	L72200TG1975PLC001970	CMC LIMITED	Director	16-10-01	16-10-01	05-03-09	Active	NO
10	U45201DL2003PTC123470	PSNSS PROPERTIES PRIVATE LIMITED	Director	11-12-03	11-12-03	-	Active	NO
11	U45201DL2003PTC123469	BAGHBAAN PROPERTIES PRIVATE LIMITED	Director	11-12-03	11-12-03	-	Active	NO
12	U74140DL2006PTC150024	D. E. Shaw India Advisory Services Private Limited	Director	22-06-06	22-06-06	16-08-12	Active	NO
13	L34101TN1948PLC000105	ASHOK LEYLAND LIMITED	Director	26-07-14	01-08-06	-	Active	NO
14	L26942HR1958FLC042301	HeidelbergCement India Limited.	Director	14-06-07	19-10-06	27-03-09	Active	NO
15	U74140DL2007PTC165494	Supreme Advisors Private Limited	Director	03-07-07	03-07-07	30-03-08	Strike off	NO
16	U45400DL2007PTC165515	Willis Consulting Services Private Limited	Director	04-07-07	04-07-07	20-10-10	Active	NO
17	U74900DL2009PLC188379	Nokia HCL Mobile Internet Services Limited	Additional director	17-06-09	17-06-09	10-09-10	Active	NO
18	U74990KA2009PTC076432	AIG ANALYTICS & SERVICES PRIVATE LIMITED	Director	27-10-09	27-10-09	04-01-11	Active	NO
19	U04010CT1995PLC008985	JINDAL POWER LIMITED	Director	30-09-14	18-12-09	-	Active	NO
20	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Director	08-09-14	22-02-10	-	Active	NO
21	L24116UP1978PLC004624	JUBILANT LIFE SCIENCES LIMITED	Director	02-09-14	15-03-10	-	Active	NO
22	U40101WB2005PLC105797	VISA POWER LIMITED	Director	26-09-14	30-06-10	-	Active	NO
23	U74220DL2011PTC217904	UVAC Centre (India) Private Limited	Director	20-04-11	20-04-11	-	Active	NO
24	U74140HR2011FTC042774	ATC India Infrastructure Private Limited	Director	27-04-11	27-04-11	06-07-11	Active	NO
25	U74140DL2011PTC218144	First Universal Virtual International Arbitration Centre Private Limited	Director	27-04-11	27-04-11	-	Active	NO
26	U70102DL2007PTC186222	Aavanti Realty Private Limited	Director	30-09-13	16-09-13	-	Active	NO

Name :

Mr. Ashwani Windlass

Designation :

Whole-time director

Address :

N-53, Panchshila Park, New Delhi-110017, India

Date of Appointment :

01.04.2014

DIN No.:

00042686

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	U22121KA2006PLC062825	METROPOLITAN MEDIA COMPANY LIMITED	Director	20-07-07	04-12-06	19-08-11	Active	NO
2	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Whole-time director	01-04-14	06-01-10	-	Active	NO
3	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	09-12-10	09-12-10	27-09-13	Active	NO
4	U91200MH1985GAP037820	THE ADVERTISING STANDARDS COUNCIL OF INDIA	Director	01-02-11	01-02-11	-	Active	NO
5	U99999MH1994NPL076530	MEDIA RESEARCH USERS COUNCIL	Director	24-09-13	24-09-13	-	Active	NO
6	U24999MH1948NPL006309	AUDIT BUREAU OF CIRCULATIONS	Director	04-12-13	04-12-13	-	Active	NO

Name :

Mr. Shardul Suresh Shroff

Designation :

Whole-time director

Address :

S - 270, Gretaer Kailash,, Part 2, New Delhi-110048, India

Date of Appointment :

01.10.2015

DIN No.:

00009379

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	L95000DL1920PLC099621	THE BIRLA COTTON SPINNING AND WEAVING MILLS LIMITED.	Director	29-06-98	29-06-98	31-03-15	Active	NO
2	U74899DL1927PLC000155	THE HINDUSTAN TIMES LTD	Director	22-10-98	22-10-98	-	Active	NO
3	U72900DL1999PLC102132	HT INTERACTIVE MEDIA PROPERTIES LIMITED	Director	25-10-99	25-10-99	23-11-12	Active	NO
4	U72900DL2000PTC105101	HTL Computers Service Private Limited	Director	01-02-01	01-02-01	26-11-12	Active	NO
5	U72200DL1994PTC058580	NETWORK PROGRAMS (INDIA) Private LIMITED	Director	27-09-02	27-09-02	01-03-09	Active	NO
6	U74999UP1991PTC035741	Jubilant Energy Private Limited	Director	26-12-09	18-06-05	02-06-15	Active	NO
7	L22121DL2002PLC117874	HT MEDIA LIMITED	Director	23-03-15	28-10-05	-	Active	NO
8	U92131DL2005PLC142194	HT Music and Entertainment Company Limited	Nominee director	28-10-05	28-10-05	01-10-09	Active	NO
9	U18101DL1983PLC099631	UDIT ( INDIA ) LIMITED	Director	31-08-06	31-08-06	-	Amalgamated	NO
10	U92132DL1990PLC041894	Paxton Estate Management Services Limited	Additional director	08-01-07	08-01-07	19-01-11	Active	NO
11	U51909UP2004PTC043687	JUBILANT REALTY PRIVATE LIMITED	Director	04-05-07	04-05-07	-	Active	NO
12	U74140DL2007PLC164566	Firefly e-Ventures Limited	Whole-time director	10-12-12	11-06-07	-	Active	NO
13	U74900DL2007PLC168717	HT Digital Media Holdings Limited	Director	01-08-08	26-09-07	-	Active	NO
14	U65922DL2007PTC170025	Earthstone Holding Private Limited	Director	31-10-07	31-10-07	21-04-13	Amalgamated	NO
15	U74120DL2008NPL176044	SHINE FOUNDATION	Director	30-09-08	29-03-08	31-03-15	Active	NO
16	U65100DL2008PTC176149	Earthstone Holding (one) Private Limited	Director	31-03-08	31-03-08	31-03-15	Active	NO
17	U74140UP2007PTC052027	HIGH STREET CAPITAL PRIVATE LIMITED.	Director	30-12-08	01-04-08	29-08-13	Active	NO
18	U80902DL2008PLC177056	HT Education Limited	Director	30-09-09	23-04-08	-	Active	NO
19	U74120DL2008PTC178698	Earthstone Holding (Three) Private Limited	Director	28-05-08	28-05-08	30-03-15	Converted to LLP and dissolved	NO
20	U67120UP2008PLC065196	EARTHSTONE HOLDING (TWO) LIMITED	Director	29-05-08	29-05-08	-	Active	NO
21	U74120DL2008PTC181208	BURDA DRUCK INDIA Private Limited	Director	11-09-09	22-07-08	01-10-13	Active	NO
22	U74900DL2009PLC187795	HT Mobile Solutions Limited	Director	02-08-10	19-02-09	-	Active	NO
23	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Whole-time director	01-10-15	06-01-10	-	Active	NO
24	U80900DL2010PLC198772	HT Learning Centers Limited	Director	05-02-10	05-02-10	22-02-10	Active	NO
25	L24100UP2007PLC032909	Jubilant Industries Limited	Director	23-08-11	28-10-10	-	Active	NO
26	U52100UP2008PLC035862	JUBILANT AGRI AND CONSUMER PRODUCTS LIMITED	Director	19-08-11	09-05-11	-	Active	NO
27	U80904DL2011NPL219159	HT Global Education	Director	13-05-11	13-05-11	03-12-11	Active	NO
28	U80301DL2011PTC226705	INDIA EDUCATION SERVICES PRIVATE LIMITED	Director	07-09-12	22-12-11	-	Active	NO
29	U65993DL2012PLC244287	BCM Holding Limited	Director	31-10-12	31-10-12	30-03-15	Active	NO
30	U74999DL2012PTC244434	SB TRUSTEESHIP SERVICES PRIVATE LIMITED	Director	05-11-12	05-11-12	-	Active	NO
31	U74140DL2012PTC244410	PSB TRUSTEE COMPANY PRIVATE LIMITED	Director	05-11-12	05-11-12	-	Active	NO
32	U70100DL2012PLC244639	Birla Real Estate Limited	Director	08-11-12	08-11-12	30-03-15	Active	NO
33	U65100DL2012PLC246557	Earthstone Investment & Finance Limited	Director	21-12-12	21-12-12	30-03-15	Active	NO
34	U74120UP2013PTC054736	SPB TRUSTEE COMPANY PRIVATE LIMITED	Director	18-01-13	18-01-13	-	Active	NO
35	U74120UP2013PTC054755	SSP TRUSTEE COMPANY PRIVATE LIMITED	Director	15-10-13	20-01-13	-	Active	NO
36	U70100UP2014PTC063689	Superior Inframanagers Private Limited	Director	26-03-14	26-03-14	18-02-15	Active	NO
37	U70100UP2014PTC063690	Superior Landcon Private Limited	Director	26-03-14	26-03-14	31-03-15	Active	NO
38	U70100UP2014PTC063724	GOODSTONE ESTATE MANAGEMENT SERVICES PRIVATE LIMITED	Director	28-03-14	28-03-14	18-02-15	Active	NO
39	U45400UP2015PTC068918	Priyavrat Infrastructure Private Limited	Director	12-02-15	12-02-15	31-03-15	Active	NO
40	U74900MH2013PTC242820	ARS Trustee Company Private Limited	Director	31-03-15	31-03-15	-	Active	NO
41	U74120UP2013PTC054820	Jubilant Enpro Services Private Limited	Additional director	03-06-15	03-06-15	-	Active	NO
42	AAB-1831	PRIYAVRAT COMPUTERS LLP	Designated Partner	23-10-12	23-10-12	-	Active	NO
43	AAB-2090	SHOBHANA COMMUNICATIONS LLP	Designated Partner	08-11-12	08-11-12	-	Active	NO
44	AAB-3440	SPB MANAGEMENT ADVISORS LLP	Designated Partner	01-02-13	01-02-13	-	Active	NO
45	AAB-3541	SSBSB ADVISORS LLP	Designated Partner	11-02-13	11-02-13	30-08-13	Active	NO
46	AAB-3620	SSBPB ADVISORS LLP	Designated Partner	15-02-13	15-02-13	-	Active	NO

Name :

Mr. Benoy Roychowdhury

Designation :

Whole-Time Director

Address :

1603 B, Beverly Park - Ii, Dlf Phase - Ii, Gurgaon - 122002, Haryana, India

Date of Birth/Age :

17.09.1960

Date of Appointment :

28.08.2015

DIN No.:

00816822

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	U08030KA2004PTC035005	UNIVERSITAS 21 GLOBAL PRIVATE LIMITED	Director	28-03-06	28-03-06	31-10-08	Dissolved	NO
2	U72200UP1992PLC027207	Steria (India) Limited	Managing director	24-08-11	24-08-07	01-09-12	Active	NO
3	U51311HR1998PTC054949	GENESIS COLORS PRIVATE LIMITED	Director	30-09-08	14-11-07	15-01-13	Active	NO
4	U22220TN2007PLC065507	Lumina Datamatics Limited	Director	25-02-08	25-02-08	17-06-11	Active	NO
5	L22121DL2002PLC117874	HT MEDIA LIMITED	Director	16-09-14	19-12-11	23-03-15	Active	NO
6	U72900MH1996PLC104693	LARSEN & TOUBRO INFOTECH LIMITED	Whole-time director	26-08-13	13-09-12	28-02-15	Active	NO
7	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Director	28-08-15	21-06-15	-	Active	NO

Name :

Mrs. Priyavrat Bhartia

Designation :

Whole-Time Director

Address :

19, Friends Colony West), Delhi- 110065, India

Date of Appointment :

01.10.2015

DIN No.:

00020603

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	L95000DL1920PLC099621	THE BIRLA COTTON SPINNING AND WEAVING MILLS LIMITED.	Director	29-06-98	29-06-98	31-03-15	Active	NO
2	U74899DL1927PLC000155	THE HINDUSTAN TIMES LTD	Director	22-10-98	22-10-98	-	Active	NO
3	U72900DL1999PLC102132	HT INTERACTIVE MEDIA PROPERTIES LIMITED	Director	25-10-99	25-10-99	23-11-12	Active	NO
4	U72900DL2000PTC105101	HTL Computers Service Private Limited	Director	01-02-01	01-02-01	26-11-12	Active	NO
5	U72200DL1994PTC058580	NETWORK PROGRAMS (INDIA) Private LIMITED	Director	27-09-02	27-09-02	01-03-09	Active	NO
6	U74999UP1991PTC035741	Jubilant Energy Private Limited	Director	26-12-09	18-06-05	02-06-15	Active	NO
7	L22121DL2002PLC117874	HT MEDIA LIMITED	Director	23-03-15	28-10-05	-	Active	NO
8	U92131DL2005PLC142194	HT Music and Entertainment Company Limited	Nominee director	28-10-05	28-10-05	01-10-09	Active	NO
9	U18101DL1983PLC099631	UDIT ( INDIA ) LIMITED	Director	31-08-06	31-08-06	-	Amalgamated	NO
10	U92132DL1990PLC041894	Paxton Estate Management Services Limited	Additional director	08-01-07	08-01-07	19-01-11	Active	NO
11	U51909UP2004PTC043687	JUBILANT REALTY PRIVATE LIMITED	Director	04-05-07	04-05-07	-	Active	NO
12	U74140DL2007PLC164566	Firefly e-Ventures Limited	Whole-time director	10-12-12	11-06-07	-	Active	NO
13	U74900DL2007PLC168717	HT Digital Media Holdings Limited	Director	01-08-08	26-09-07	-	Active	NO
14	U65922DL2007PTC170025	Earthstone Holding Private Limited	Director	31-10-07	31-10-07	21-04-13	Amalgamated	NO
15	U74120DL2008NPL176044	SHINE FOUNDATION	Director	30-09-08	29-03-08	31-03-15	Active	NO
16	U65100DL2008PTC176149	Earthstone Holding (one) Private Limited	Director	31-03-08	31-03-08	31-03-15	Active	NO
17	U74140UP2007PTC052027	HIGH STREET CAPITAL PRIVATE LIMITED.	Director	30-12-08	01-04-08	29-08-13	Active	NO
18	U80902DL2008PLC177056	HT Education Limited	Director	30-09-09	23-04-08	-	Active	NO
19	U74120DL2008PTC178698	Earthstone Holding (Three) Private Limited	Director	28-05-08	28-05-08	30-03-15	Converted to LLP and dissolved	NO
20	U67120UP2008PLC065196	EARTHSTONE HOLDING (TWO) LIMITED	Director	29-05-08	29-05-08	-	Active	NO
21	U74120DL2008PTC181208	BURDA DRUCK INDIA Private Limited	Director	11-09-09	22-07-08	01-10-13	Active	NO
22	U74900DL2009PLC187795	HT Mobile Solutions Limited	Director	02-08-10	19-02-09	-	Active	NO
23	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Whole-time director	01-10-15	06-01-10	-	Active	NO
24	U80900DL2010PLC198772	HT Learning Centers Limited	Director	05-02-10	05-02-10	22-02-10	Active	NO
25	L24100UP2007PLC032909	Jubilant Industries Limited	Director	23-08-11	28-10-10	-	Active	NO
26	U52100UP2008PLC035862	JUBILANT AGRI AND CONSUMER PRODUCTS LIMITED	Director	19-08-11	09-05-11	-	Active	NO
27	U80904DL2011NPL219159	HT Global Education	Director	13-05-11	13-05-11	03-12-11	Active	NO
28	U80301DL2011PTC226705	INDIA EDUCATION SERVICES PRIVATE LIMITED	Director	07-09-12	22-12-11	-	Active	NO
29	U65993DL2012PLC244287	BCM Holding Limited	Director	31-10-12	31-10-12	30-03-15	Active	NO
30	U74999DL2012PTC244434	SB TRUSTEESHIP SERVICES PRIVATE LIMITED	Director	05-11-12	05-11-12	-	Active	NO
31	U74140DL2012PTC244410	PSB TRUSTEE COMPANY PRIVATE LIMITED	Director	05-11-12	05-11-12	-	Active	NO
32	U70100DL2012PLC244639	Birla Real Estate Limited	Director	08-11-12	08-11-12	30-03-15	Active	NO
33	U65100DL2012PLC246557	Earthstone Investment & Finance Limited	Director	21-12-12	21-12-12	30-03-15	Active	NO
34	U74120UP2013PTC054736	SPB TRUSTEE COMPANY PRIVATE LIMITED	Director	18-01-13	18-01-13	-	Active	NO
35	U74120UP2013PTC054755	SSP TRUSTEE COMPANY PRIVATE LIMITED	Director	15-10-13	20-01-13	-	Active	NO
36	U70100UP2014PTC063689	Superior Inframanagers Private Limited	Director	26-03-14	26-03-14	18-02-15	Active	NO
37	U70100UP2014PTC063690	Superior Landcon Private Limited	Director	26-03-14	26-03-14	31-03-15	Active	NO
38	U70100UP2014PTC063724	GOODSTONE ESTATE MANAGEMENT SERVICES PRIVATE LIMITED	Director	28-03-14	28-03-14	18-02-15	Active	NO
39	U45400UP2015PTC068918	Priyavrat Infrastructure Private Limited	Director	12-02-15	12-02-15	31-03-15	Active	NO
40	U74900MH2013PTC242820	ARS Trustee Company Private Limited	Director	31-03-15	31-03-15	-	Active	NO
41	U74120UP2013PTC054820	Jubilant Enpro Services Private Limited	Additional director	03-06-15	03-06-15	-	Active	NO
42	AAB-1831	PRIYAVRAT COMPUTERS LLP	Designated Partner	23-10-12	23-10-12	-	Active	NO
43	AAB-2090	SHOBHANA COMMUNICATIONS LLP	Designated Partner	08-11-12	08-11-12	-	Active	NO
44	AAB-3440	SPB MANAGEMENT ADVISORS LLP	Designated Partner	01-02-13	01-02-13	-	Active	NO
45	AAB-3541	SSBSB ADVISORS LLP	Designated Partner	11-02-13	11-02-13	30-08-13	Active	NO
46	AAB-3620	SSBPB ADVISORS LLP	Designated Partner	15-02-13	15-02-13	-	Active	NO

Name :

Dr. Mukesh Aghi

Designation :

Director

Address :

36, Poorvi Marg,, Vasant Vihar, New Delhi- 110057, India

Date of Birth/Age :

10.03.1956

Date of Appointment :

28.08.2015

DIN No.:

00292205

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	U08030KA2004PTC035005	UNIVERSITAS 21 GLOBAL PRIVATE LIMITED	Director	28-03-06	28-03-06	31-10-08	Dissolved	NO
2	U72200UP1992PLC027207	Steria (India) Limited	Managing director	24-08-11	24-08-07	01-09-12	Active	NO
3	U51311HR1998PTC054949	GENESIS COLORS PRIVATE LIMITED	Director	30-09-08	14-11-07	15-01-13	Active	NO
4	U22220TN2007PLC065507	Lumina Datamatics Limited	Director	25-02-08	25-02-08	17-06-11	Active	NO
5	L22121DL2002PLC117874	HT MEDIA LIMITED	Director	16-09-14	19-12-11	23-03-15	Active	NO
6	U72900MH1996PLC104693	LARSEN & TOUBRO INFOTECH LIMITED	Whole-time director	26-08-13	13-09-12	28-02-15	Active	NO
7	L21090BR1918PLC000013	Hindustan Media Ventures Limited	Director	28-08-15	21-06-15	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Tridib Kumar Barat
Designation :	Secretary
Address :	Flat No. 3131, Alok Vihar, F-3, Sector-50, Noida- 201301, Uttar Pradesh, India
Date of Appointment :	06.01.2010
PAN No.:	ABZPB4623N
Name :	Mr. Vivek Khanna
Designation :	Chief Executive Officer
Address :	C- 2, Ground Floor ,, GK Enclave 1, New Delhi- 110001, India
Date of Appointment :	07.05.2014
Name :	Mr.Ajay Jain
Designation :	Chief Finance Officer
Address :	D-294, 2nd Floor, Sarvodaya Enclave, New Delhi-110017, India
Date of Appointment :	07.05.2014
PAN No.:	ACBPJ2271K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2015

Category of shareholders	Total No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	442152	0.60
Bodies Corporate	54533458	74.30
Sub Total	54975610	74.91
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	54975610	74.91
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	9170491	12.49
Financial Institutions / Banks	248896	0.34
Foreign Institutional	4340407	5.91
Sub Total	13759794	18.75
(2) Non-Institutions
Bodies Corporate	1861281	2.54
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Millions	1900054	2.59
Individual shareholders holding nominal share capital in excess of Rs.0.100 Millions	727797	0.99
Any Others (Specify)	169234	0.23
Non Resident Indians (Repat)	163238	0.22
Non Resident Indians (Non Repat)	0	0.00
Clearing Member	5996	0.01
Sub Total	4658366	6.35
Total Public shareholding (B)	18418160	25.09
Total (A)+(B)	73393770	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	73393770	100.00

BUSINESS DETAILS

Line of Business :	The company is engaged in the business of publishing ‘Hindustan’, a Hindi Daily, and two monthly Hindi magazines ‘Nandan’ and ‘Kadambani’. (Registered Activities)
Products :	Newspaper
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

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

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Yes Bank Limited
Branch	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

• HDFC Bank Limited

Facilities :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Short-term borrowings
Buyer’s Credit from Yes Bank	178.901	23.270
Buyer’s Credit from HDFC Bank	0.000	16.583
Total	178.901	39.853

Note: -

1. Buyer’s credit from HDFC is secured by way of First charge on all present and future current assets including stock of raw material, semi-finished and finished goods, consumable stores and spares and other such movable including book debts, bills (Documentary/Clean), outstanding monies, receivables, both present and future, of the Company.
2. Buyer’s credit from Yes Bank is secured by way of first pari-passu charge on all current assets of the borrower including stocks of raw materials, semi-finished and finished goods, consumable stores and spares and such other movable including book debts, bills (documentary/clean), outstanding monies, receivables, both present and future.

Auditors :
Name :	S.R. Batliboi and Company LLP Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Name of related parties where control exists:	HT Media Limited (Holding Company) (L22121DL2002PLC117874) The Hindustan Times Limited Earthstone Holding (Two) Limited
Fellow Subsidiaries:	Firefly e-Ventures Limited HT Mobile Solutions Limited HT Overseas Pte. Limited HT Learning Centers Limited Topmovies Entertainment Limited

CAPITAL STRUCTURE

As on 30.09.2015

No. of Shares	Type	Value	Amount
87000000	Equity Shares	Rs.10/- each	Rs.870.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
73393770	Equity Shares	Rs.10/- each	Rs.733.938 Million

a) Reconciliation of the number of shares outstanding at the beginning and at the end of the year

Equity Shares	As at 31st March 2015
	No. of Shares	Rs. In Million
At the beginning of the year	73393770	733.938
Add : Increase in the no. of shares on subdivision of each share of Rs. 10 each into 2 equity share of Rs. 10 each during the year	--	--
Outstanding at the end of the year	73393770	733.938

b) Terms/rights attached to equity shares

The Company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the year ended 31 March, 2015, the amount of per share dividend proposed as distribution to equity shareholders was Rs.0.120 Million (Previous Year Rs.0.120 Million).

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

c) Shares held by holding/ ultimate holding Company and/ or their subsidiaries/ associates

Out of the equity shares issued by the Company, shares held by its holding company is as below:

Particulars	As on 31.03.2015
HT Media Limited, the holding company
54,533,458 (previous year 54,533,458) equity shares of Rs. 10 each fully paid	545.335

d) Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date

Particulars	As on 31.03.2015 (No. of shares)
Equity shares allotted as fully paid-up bonus by capitalization from securities premium account (In FY 09-10, fully paid bonus shares, in the ratio of 6.4:1 by capitalizing sum of Rs.494.086 Million from securities premium account).	49,408,614

Details of Shareholders holding more than 5% equity shares in the company

Equity Shares of Rs. 10/- Each	As at 31st March 2015
	No. of Equity Shares	% Holding
HT Media Limited, the holding company	54533458	74.30
Reliance Capital Trustee Company Limited. A/c through various schemes of Mutual Funds	6535854	8.91

As per the of the company, including its register of shareholders/members and other declaration received from the shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	733.938	733.938	733.938
(b) Reserves & Surplus	6652.669	5358.010	4348.955
(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)	7386.607	6091.948	5082.893
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	58.677	64.710	65.690
(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)	58.677	64.710	65.690
(4) Current Liabilities
(a) Short term borrowings	984.465	203.329	32.436
(b) Trade payables	972.093	762.153	603.412
(c) Other current liabilities	596.094	502.589	379.240
(d) Short-term provisions	216.256	118.745	121.942
Total Current Liabilities (4)	2768.908	1586.816	1137.030
TOTAL	10214.192	7743.474	6285.613
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1787.152	1681.551	1765.343
(ii) Intangible Assets	13.643	11.942	15.653
(iii) Capital work-in-progress	32.233	109.638	9.602
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	4591.089	1250.000	1250.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	120.697	234.691	43.559
(e) Other Non-current assets	433.915	82.436	51.023
Total Non-Current Assets	6978.729	3370.258	3135.180
(2) Current assets
(a) Current investments	881.032	2436.115	1528.433
(b) Inventories	448.411	329.576	323.981
(c) Trade receivables	1071.694	933.156	790.792
(d) Cash and cash equivalents	396.200	259.933	284.354
(e) Short-term loans and advances	207.244	231.167	124.330
(f) Other current assets	230.882	183.269	98.543
Total Current Assets	3235.463	4373.216	3150.433
TOTAL	10214.192	7743.474	6285.613

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	8185.864	7297.238	6362.729
	Other Income	564.415	305.726	284.644
	TOTAL (A)	8750.279	7602.964	6647.373
Less	EXPENSES
	Cost of Materials Consumed	3374.019	3004.433	2647.781
	Purchases of Stock-in-Trade	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	1.616	1.113	(1.554)
	Employees benefits expense	1067.996	865.507	803.500
	Other expenses	2077.320	1913.861	1787.450
	TOTAL (B)	6520.951	5784.914	5237.177
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	2229.328	1818.050	1410.196
Less	FINANCIAL EXPENSES (D)	105.359	56.863	52.761
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	2123.969	1761.187	1357.435
Less/ Add	DEPRECIATION/ AMORTISATION (F)	243.227	215.557	217.011
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	1880.742	1545.630	1140.424
Less	TAX (H)	472.125	433.534	295.197
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	1408.617	1112.096	845.227
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)	2841.459	860.304	1139.318
Add	Earlier year excess proposed dividend and dividend distribution tax (L)	106.002	103.041	103.041
Less	APPROPRIATIONS
	Transfer to General Reserve	0.000	27.900	21.200
	Dividend	88.073	88.073	88.073
	Tax on Dividend	17.929	14.968	14.968
	Total (M)	106.002	130.941	124.241
	Balance Carried to the B/S (J+K+L-M)	4144.074	1841.459	1860.304
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	2.330	0.171	0.077
	Interest	0.466	0.000	0.000
	TOTAL EARNINGS	2.796	0.171	0.077
	IMPORTS
	Raw Materials	581.921	107.726	53.573
	Components and Stores parts		226.583	208.679
	Capital Goods	0.771	0.000	0.988
	TOTAL IMPORTS	582.692	334.309	263.240
	Earnings / (Loss) Per Share (Rs.)	19.19	15.15	11.52

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	0.000	0.000	0.000
Cash generated from operations	1772.089	1560.496	1091.240
Net cash flow from operating activity	1375.066	1132.896	807.071

QUARTERLY RESULTS

Particulars	30.06.2015	30.09.2015
Audited / Unaudited	1^st Quarter	2^nd Quarter
Net Sales	2237.200	2269.200
Total Expenditure	1692.200	1748.600
PBIDT (Excl OI)	545.000	520.600
Other Income	116.700	190.200
Operating Profit	661.700	710.800
Interest	28.700	30.400
Exceptional Items	NA	NA
PBDT	633.000	680.400
Depreciation	55.000	53.300
Profit Before Tax	578.000	627.100
Tax	160.900	176.800
Provisions and contingencies	NA	NA
Profit After Tax	417.100	450.300
Extraordinary Items	NA	NA
Prior Period Expenses	NA	NA
Other Adjustments	NA	NA
Net Profit	417.100	450.300

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	17.21	15.24	13.28
Operating Profit Margin (PBIDT/Sales)	(%)	27.23	24.91	22.16
Return on Total Assets (PBT/Total Assets}	(%)	33.64	24.21	22.69
Return on Investment (ROI) (PBT/Networth)		0.25	0.25	0.22
Debt Equity Ratio (Total Debt /Networth)		0.13	0.03	0.01
Current Ratio (Current Asset/Current Liability)		1.17	2.76	2.77

STOCK PRICES

Face Value	Rs. 10
Market Value	Rs.283.40

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	6362.729	7297.238	8185.864
		14.687	12.178

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	6362.729	7297.238	8185.864
		14.687	12.178

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	6362.729	7297.238	8185.864
Profit / (Loss)	845.227	1112.096	1408.617
	13.28%	15.24%	17.21%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

CORPORATE INFORMATION NOTE ON BUSINESS ACTIVITY:

Subject is a Public Limited Company registered in India & incorporated under the provision of the Companies Act, 1913. Its shares are listed on Bombay Stock Exchange (BSE) & National Stock Exchange (NSE). HT Media Limited (“Holding Company”) holds 74.30% of Equity Share Capital of the Company. The Company is engaged in the business of publishing ‘Hindustan’, a Hindi Daily, and two monthly Hindi magazines ‘Nandan’and ‘Kadambani’.

OPERATIONS DURING THE FINANCIAL YEAR 2014-15.

Print Media advertising grew by 8.5% in 2014 to reach Rs. 176 billion from Rs. 163 billion in the previous year. Print contributed 43% to the total advertising revenue for the industry in 2014, retaining its No.1 position among various media segments. Television, though, is fast catching up in terms of advertising revenue. Circulation revenue grew by 7.9% to reach Rs. 87 billion in 2014. Growth in circulation mainly came from Tier II and Tier III cities with regional language newspapers outperforming the National English dailies. This trend is expected to continue over the coming years. Hindi and vernacular markets accounted for nearly 64% of the total print revenue in 2014. Contribution from the regional advertisement also increased in the overall print advertising pie this year.

THE OUTLOOK

The Company has a positive outlook for FY16 and beyond. The print industry is expected to grow by 8% to reach at Rs. 284500.000 Million in FY 16 over the last year, as per the FICCI-KPMG Report, 2015. The advertising revenue will continue to contribute higher share of the total revenue pie. With expansion in Uttar Pradesh being complete now, the Company is well poised to gain from its investment made, in the past years. This, accompanied with overall economic recovery, is likely to shore up the revenue of the Company. The benefit of the same has already started coming now in terms of higher advertisement volume accompanied by higher yield. This trend is expected to get further traction in the next year, as the Company expects to command higher yields and increase in advertisement volume, translating into rise in advertisement revenue. The raw material costs are expected to be in control as the newsprint prices have been in the downward trend from the second half of FY15. This should lead to margin expansion.

UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31^ST MARCH 2015

Particulars	Quarter ended		Half Year Ended
	30.09.2015 (Unaudited)	30.06.2015	30.09.2015
		(Unaudited)	(Unaudited)
1) Income from operations
a) Net sales/income from operations (Net of excise duty)	2234.800	2215.100	4449.900
b) Other operating income	34.400	22.100	56.500
Total Income from operations (net)	2269.200	2237.200	4506.400
2) Expenses
a) Cost of material consumed	857.500	848.000	1705.500
b) Purchases of stock-in-trade	0.000
c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	3.900	(5.900)	(2.000)
d)Depreciation and amortization expenses	53.300	55.000	108.300
e) Employee benefits expense	298.800	287.200	586.000
f) Other Expenditure	588.400	562.900	1151.300
Total expenses	1801.900	1747.200	3549.100
3) Profit from operations before other income, finance costs and exceptional items (1-2)	467.300	490.000	957.300
4) Other income	190.200	116.700	306.900
5) Profit from ordinary activities before finance costs and exceptional items (3+4)	657.500	606.700	1264.200
5a) Profit from ordinary activities before finance costs, Depreciation and amortisation and exceptional items (5+2e)	710.800	616.700	1372.500
6) Finance costs	30.400	28.700	59.100
7) Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6)	627.100	578.000	1205.100
8) Exceptional items	0.000	0.000	0.000
9) Profit / (Loss) from ordinary activities before tax (7+/-8)	627.100	578.000	1205.100
10) Tax expense	0.177	160.900	337.700
11) Net Profit from ordinary activities after tax (9-10)	450.300	417.100	867.400
14) Extraordinary items (net of tax expense)	0.000	0.000	0.000
12) Net Profit for the period (11-12)	450.300	417.100	867.400
13) Paid up equity share capital(Face value Rs. 10/- each)	733.900	733.900	733.900
14) Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year	-	-	-
15.i. Earnings per share (before extraordinary items) (of Rs 10/- each) (not annualised):
Basic	6.14	5.68	11.82
Diluted	6.14	5.68	11.82
16.ii. Earnings per share (after extraordinary items) (of Rs 10- each) (not annualised):
Basic	6.140	5.680	11.82
Diluted	6.140	5.680	11.82
A PARTICULARS OF SHAREHOLDINGS
1. Public Shareholding
No. of shares	18418150	18417867	18418150
Percentage of shareholding	25.09	25.09	25.09
2. Promoter and Promoter group Shareholding
a. Pledged/Encumbered
-Number of Shares	Nil	Nil	Nil
Percentage of Shares(as a % of total shareholding of promoter group)	NA	NA	NA
b Non-Encumbered	NA	NA	NA
-Number of Shares	54975610	54975903	54975610
-Percentage of Shares(as a % of total shareholding of promoter group)	100	100	100
-Percentage of Shares(as a % of the total Share Capital of Company	74.91	74.91	74.91

Particulars
B. Investor Complaints	30.09.2015
Pending at the beginning of the quarter	0
Received during the quarter	0
Disposed of during the quarter	0
Remaining unresolved at the end of the quarter	0

STATEMENT OF ASSETS AND LIABILITIES

SOURCES OF FUNDS	30.09.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	733.900
(b) Reserves & Surplus	7520.100
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	8254.000
(3) Non-Current Liabilities
(a) long-term borrowings	78.600
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.800
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	79.400
(4) Current Liabilities
(a) Short term borrowings	1275.100
(b) Trade payables	1146.700
(c) Other current liabilities	500.700
(d) Short-term provisions	170.800
Total Current Liabilities (4)	3093.300
TOTAL	11426.700
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1830.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	3597.500
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	106.800
(e) Other Non-current assets	282.100
Total Non-Current Assets	5816.400
(2) Current assets
(a) Current investments	2860.300
(b) Inventories	475.000
(c) Trade receivables	1253.500
(d) Cash and cash equivalents	392.700
(e) Short-term loans and advances	152.000
(f) Other current assets	476.800
Total Current Assets	5610.300
TOTAL	11426.700

UNSECURED LOAN

Particular	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Short-term borrowings:-
Buyer’s Credit from Citi Bank	204.741	18.680
Vendor Financing from BNP Paribas	214.646	122.874
Vendor Financing from Citi Bank	219.826	0.000
Vendor Financing from Deutsche Bank	166.351	0.000
Buyer’s Credit from Deutsche Bank	0.000	21.922
Total	805.564	163.476

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10247826	22/05/2013 *	600,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.ANNIE BESANT ROAD, WORLI,, MUMBAI, Maharashtra -400018, INDIA	B77499507
2	10239984	03/05/2013 *	800,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, Maharashtra - 400013, INDIA	B76832534

CONTINGENT LIABILITIES:

a) Claims against company not acknowledged as debts

(Rs. in million)

PARTICULARS	31.03.2015	31.03.2014
a) The Company has filed a petition before the Hon’ble Patna High Court against an initial claim for additional contribution of Rs. 7.337 lacs made by Employees State Insurance Corporation (ESIC) relating to the years 1989-90 to 1999-00. The Company has furnished a bank guarantee amounting to Rs1.250 lacs to ESIC. The Hon’ble High Court had initially stayed the matter and on 18th July 2012 disposed of the Petition with the Order of “No Coercive Step shall be taken against HMVL” with direction to move for ESI Court. Matter is still pending in Lower Court. There is no further progress in the matter during the year.	7.337	7.337
b) The Company has filed a petition before the Hon’ble Patna High Court against the demand of Rs.100.7 Million (including interest) for short payment of ESI dues pertaining to the years from 2001 to 2005. The Hon’ble High Court had initially stayed the matter and on 18th July 2012 disposed of the Petition with the Order of “No Coercive Step shall be taken against HMVL” with direction to move for ESI Court. Matter is still pending in Lower Court. There is no further progress in the matter during the year.	1.007	1.007

Based on management assessment and current status of the above matters, the management is confident that no provision is required in the financial statements as on March 31, 2015

(b) Capital Commitment

PARTICULARS	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Estimated amount of contracts remaining to be executed on capital account and not provided for (net of capital advances)	211.252	41.888

FIXED ASSETS

• Plant and Machinery
• Buildings (Factory)
• Furniture and Fittings
• IT Equipments
• Office Equipment
• Vehicles

CMT REPORT (Corruption, Money Laundering & 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 records 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.66.32
UK Pound	1	Rs.98.98
Euro	1	Rs.72.13

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KSP
Report Prepared by :	VLS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	9
--CREDIT LINES	1~10	8
--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		75

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	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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