MIRA INFORM REPORT

Report No. :	306741
Report Date :	11.02.2015

IDENTIFICATION DETAILS

Name :	RUKMANI PUBLICATIONS PRIVATE LIMITED

Registered Office :	86, Periyar E.V.R. High Road, Vepery, Chennai – 600007, Tamil Nadu

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	27.11.1972

Com. Reg. No.:	18-006256

Capital Investment / Paid-up Capital :	Rs.0.393 Million

CIN No.: [Company Identification No.]	U22121TN1972PTC006256

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	Private Limited Liability Company

Line of Business :	To carry on the business of publishers of books and note books for schools and colleges, journals, magazines, periodicals, pamphlets and other literary works.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 30000

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject is an established company having moderate track record. As confirmed by Mr. Chita from Finance Department that company started operation on trial bases and full fledge operation will be starting after three months. However, net worth of the company is satisfactory. As per Registrar of Companies the status of the company is shown as active. Payment terms are unknown. The company can be considered for business dealings with great caution.

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

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

EXTERNAL AGENCY RATING

NOT AVAILABLE

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.

LOCATIONS

Registered Office :	86, Periyar E.V.R. High Road, Vepery, Chennai – 600007, Tamil Nadu, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	gschithu2007@yahoo.com

DIRECTORS

As on 30.09.2014

Name :

Balasubramanian Adityan Sivanth

Designation :

Director

Address :

No.13, (Old No:4), Bishops Garden, Greenways Road, R.A. Puram, Chennai – 600028, Tamil Nadu, India

Date of Birth/Age :

08.03.1965

Date of Appointment :

17.08.2009

DIN No.:

00036898

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	U63040TN1996PTC034878	INDIA CABS PRIVATE LIMITED	Director	29/03/1999	29/03/1999	-	Active	NO
2	U15122TN2000PTC046054	SAMS SEA FOODS PRIVATE LIMITED	Director	07/11/2000	07/11/2000	-	Active	NO
3	U45201TN2004PTC054407	SUBASRI REALTY PRIVATE LIMITED	Director	07/10/2004	07/10/2004	-	Active	NO
4	L21011TN1961PLC004531	SUN PAPER MILL LIMITED	Director	20/04/2005	20/04/2005	17/03/2014	Active	NO
5	U22121TN1979PLC007728	MALAR PUBLICATIONS LIMITED	Managing director	05/11/2005	05/11/2005	12/07/2012	Active	NO
6	U93090TN1993PTC025346	SOVEREIGN MEDIA MARKETING PRIVATE LIMITED	Director	03/12/2007	03/12/2007	-	Active	NO
7	U22121TN1972PTC006256	RUKMANI PUBLICATIONS PRIVATE LIMITED	Director	17/08/2009	17/08/2009	-	Active	NO
8	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	19/04/2013	24/09/2009	-	Active	NO
9	U22300DL2007PLC168950	METRONATION CHENNAI TELEVISION LIMITED	Managing director	28/09/2012	28/09/2012	-	Active	NO
10	U22121TN1959PTC003861	NELLAI MURASU PRIVATE LIMITED	Additional director	25/01/2013	25/01/2013	18/01/2014	Active	NO
11	U63040TN1970PTC005875	GAY TRAVELS PRIVATE LIMITED	Director	30/09/2013	29/01/2013	-	Active	NO
12	U15130TN1978PTC007438	SIVANTHI FARMS PRIVATE LIMITED	Director	30/09/2013	01/02/2013	-	Active	NO
13	U90009TN1958PTC003669	EDUCATIONAL TRUSTEE CO PRIVATE LIMITED	Director	25/09/2013	08/02/2013	-	Active	NO
14	U22211TN1970PTC005896	RANI PRINTERS PRIVATE LIMITED	Director	30/09/2013	01/04/2013	30/08/2014	Active	NO
15	U22210TN2013PTC092498	Rani Syndicate Private Limited	Director	13/08/2013	13/08/2013	-	Active	NO

Name :

Jeyapandy Paulraj

Designation :

Director

Address :

23/25, Ramaiah Street, Shenoy Nagar, Channai – 600030, Tamil Nadu, India

Date of Birth/Age :

18.04.1955

Date of Appointment :

14.02.2014

DIN No.:

00343328

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	U93090TN1993PTC025346	SOVEREIGN MEDIA MARKETING PRIVATE LIMITED	Director	15/12/2001	15/12/2001	03/12/2007	Active	NO
2	U92490TN1993PTC025864	AIR MEDIA NETWORK PRIVATE LIMITED	Director	21/03/2011	21/03/2011	26/12/2014	Active	NO
3	U24223TN2003PTC050737	SIFA PRINTING INKS PRIVATE LIMITED	Director	21/03/2011	21/03/2011	-	Active	NO
4	U63040TN1970PTC005875	GAY TRAVELS PRIVATE LIMITED	Director	25/10/2013	25/10/2013	-	Active	NO
5	U22121TN1959PTC003861	NELLAI MURASU PRIVATE LIMITED	Additional director	18/01/2014	18/01/2014	03/03/2014	Active	NO
6	U22121TN1972PTC006256	RUKMANI PUBLICATIONS PRIVATE LIMITED	Director	30/09/2014	14/02/2014	-	Active	NO
7	U22121TN1982PTC009346	INTER PRESS PRIVATE LIMITED	Additional director	31/03/2014	31/03/2014	-	Active	NO
8	U15122TN2000PTC046054	SAMS SEA FOODS PRIVATE LIMITED	Additional director	02/05/2014	02/05/2014	-	Active	NO
9	U45201TN2004PTC054407	SUBASRI REALTY PRIVATE LIMITED	Director	28/09/2014	09/07/2014	-	Active	NO
10	U15314TN1981PTC008926	MALAR FARMS PRIVATE LIMITED	Director	30/09/2014	31/07/2014	-	Active	NO

Name :

Sivanthi Adityan Balasubramanian

Designation :

Director

Address :

No.4, Bishops Garden, Greenways Road, R.A. Puram, Chennai – 600028, Tamil Nadu, India

Date of Birth/Age :

02.03.1992

Date of Appointment :

26.11.2012

DIN No.:

05299043

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	U22121TN1979PLC007728	MALAR PUBLICATIONS LIMITED	Director	20/09/2012	12/07/2012	-	Active	NO
2	U22300DL2007PLC168950	METRONATION CHENNAI TELEVISION LIMITED	Additional director	28/09/2012	28/09/2012	28/09/2012	Active	NO
3	U22121TN1972PTC006256	RUKMANI PUBLICATIONS PRIVATE LIMITED	Director	30/09/2013	26/11/2012	-	Active	NO
4	U63040TN1970PTC005875	GAY TRAVELS PRIVATE LIMITED	Director	03/09/2013	03/09/2013	-	Active	NO
5	U63040TN1996PTC034878	INDIA CABS PRIVATE LIMITED	Director	03/09/2013	03/09/2013	-	Active	NO
6	U45201TN2004PTC054407	SUBASRI REALTY PRIVATE LIMITED	Director	28/09/2014	04/12/2013	-	Active	NO
7	U22210TN2013PTC092498	Rani Syndicate Private Limited	Director	30/09/2014	04/12/2013	-	Active	NO
8	U90009TN1958PTC003669	EDUCATIONAL TRUSTEE CO PRIVATE LIMITED	Director	27/09/2014	27/08/2014	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Malathi Sivanthisubraman	51	1.30
Balasubramanian Adityan Shivanthi	3881	98.70
Total	3932	100.00

As on 30.09.2014

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 :	To carry on the business of publishers of books and note books for schools and colleges, journals, magazines, periodicals, pamphlets and other literary works.

Products :	Not Available

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Available

Imports :	Not Available

Terms :
Selling :	Not Available

Purchasing :	Not Available

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Not Available

Customers :

Not Available

No. of Employees :

Not Available

Bankers :

Banker Name	Indian Bank
Branch Address	Park Town Branch, Park Town, Chennai – 600003, Tamil Nadu, India
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available


Auditors :
Name :	Narayanan and Company Chatered Accountants
Address :	Aarthi Apartments, Ground Floor, Flat No.C, No. 27, Anderson Street, Ayanavaram, Chennai – 600023, Tamil Nadu, India
Tel. No.:	91-44-26744836
Mobile No.:	91-9789086099
PAN No.:	AAHPJ1677M
E-Mail :	jothi_victor@yahoo.co.uk

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

50000	Equity Shares	Rs.100/-each	Rs.5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

3932	Equity Shares	Rs.100/-each	Rs.0.393 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

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	0.393	0.393	0.393
(b) Reserves & Surplus	12.240	11.829	12.272
(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)	12.633	12.222	12.665

(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.103
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	84.782	71.608	62.482
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	84.782	71.608	62.585

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.000	0.000	0.000
(d) Short-term provisions	0.105	0.114	0.461
Total Current Liabilities (4)	0.105	0.114	0.461

TOTAL	97.520	83.944	75.711

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	18.419	14.688	6.325
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	18.419	14.688	6.325

(2) Current assets
(a) Current investments	58.508	57.483	57.483
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.223	0.772
(d) Cash and cash equivalents	0.203	2.057	1.409
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	20.390	9.493	9.722
Total Current Assets	79.101	69.256	69.386

TOTAL	97.520	83.944	75.711

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012

PROFIT/ (LOSS) FOR THE YEAR	0.410	0.443	1.085

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012

Debt Equity Ratio (Total Debts/Networth)	0.00	0.00	0.01

Current Ratio (Current Asset/Current Liability)	753.34	607.51	150.51

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.393	0.393	0.393
Reserves & Surplus	12.272	11.829	12.240
Net worth	12.665	12.222	12.633

long-term borrowings	0.103	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.103	0.000	0.000
Debt/Equity ratio	0.008	0.000	0.000

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	No
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	No
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	No
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	No

INDEX OF CHARGES

NO CHARGES EXIST FOR COMPANY

FIXED ASSETS

Land
Building
Furniture and Fittings
Car

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 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.61.96
UK Pound	1	Rs.94.41
Euro	1	Rs.70.20

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	2
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.

MIRA INFORM REPORT

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