1. Summary Information
|
Reference
# |
135-234883-08-020(20150113776) |
Country |
|
|
Company Name |
HIND SAMACHAR LIMITED |
Principal Name 1 |
Mr. Vijay Kumar
Chopra |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Amit Chopra |
|
Our Reference # |
303566 |
Registration # |
16-001529 |
|
Street Address |
Hind |
||
|
Established Date |
09.08.1949 |
SIC Code |
-- |
|
Telephone# |
91-181-2280104 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-181-2208113 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
News Paper |
|
|
# of employees |
1500
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.3,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Not Available |
Banking |
Punjab National Bank |
|
Public Limited Corp. |
No |
Business Period |
66 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (52) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Sister Concern |
India |
Vijay Printing
Press Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,125,371,000 |
Current Liabilities |
473,905,000 |
|
Inventories |
311,393,000 |
Long-term Liabilities |
611,844,000
|
|
Fixed Assets |
986,748,000 |
Other Liabilities |
1,880,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,087,629,000 |
|
Invest& other Assets |
128,676,000 |
Retained Earnings |
1,463,057,000 |
|
|
|
Net Worth |
1,464,559,000 |
|
Total Assets |
2,552,188,000 |
Total Liab. &
Equity |
2,552,188,000 |
|
Total Assets (Previous Year) |
1,802,664,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
4,052,040,000 |
Net Profit |
282,009,000 |
|
Sales(Previous yr) |
3,348,184,000 |
Net Profit(Prev.yr) |
257,394,000 |
MIRA INFORM
REPORT
|
Report No. : |
303566 |
|
Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
HIND SAMACHAR
LIMITED |
|
|
|
|
Registered Office : |
Hind Samachar Street, Pucca Bagh, Civil Lines, Jalandhar –
144 001, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
09.08.1949 |
|
|
|
|
Com. Reg. No.: |
16-001529 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U22121PB1949PLC001529 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELT04710G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAIPC6242Q |
|
|
|
|
Legal Form : |
Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business : |
Importer and
Service Provider of Printing of News Paper. |
|
|
|
|
No. of Employees : |
1500
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Not Available |
|
|
|
|
Comments : |
Subject is a well-established and reputed publisher of Newspaper. It is an established company having satisfactory track record. As per “Registrar
of Companies” the status of the company is shown as “Dormant” the management
of the company has not filed its financials since its incorporation. Mr. Sanjay Gupta from Finance Manager provided all information also
confirmed that the company is very much active. The company seems to be performing well. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered normal for business dealings at usual trade
terms and conditions. Note: 1.
Financial information gathered though Indirect
Source i.e. Care 2.
The company had a total income of Rs.4625.100
Millions with a PAT of Rs.262.600 Millions in FY 13 (refers to period April 1st
2013 to March 31st 2013) |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
CARE |
|
Rating |
Long Term Bank Facilities=A- |
|
Rating Explanation |
Adequate degree of safety. It carry low
credit risk. |
|
Date |
21.02.2014 |
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 PARTED BY
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-181-2280104 |
|
Date : |
15.01.2015 |
LOCATIONS
|
Registered /
Head Office / Factory : |
Hind Samachar Street, Pucca Bagh, Civil Lines, Jalandhar –
144 001, Punjab, India |
|
Tel. No.: |
91-181-2280104 |
|
Fax No.: |
91-181-2208113 |
|
E-mail : |
|
|
Website: |
DIRECTORS
AS ON 31.03.2013
|
Name : |
Mr. Vijay Kumar
Chopra |
|
Designation : |
Chairman cum Managing
Director |
|
Address : |
Model Town, Jalandhar, Punjab, India |
|
Qualification
: |
Graduate |
|
|
|
|
Name : |
Mr. Amit Chopra |
|
Designation : |
Director |
|
Address : |
Model Town, Jalandhar, Punjab, India |
|
Qualification
: |
Graduate |
|
|
|
|
Name : |
Mr. Avinash Chopra |
|
Designation : |
Director |
|
Address : |
Model Town, Jalandhar, Punjab, India |
|
Qualification
: |
Graduate |
KEY EXECUTIVES
|
Name : |
Mr. Karan |
|
Designation : |
Admin |
|
|
|
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
Note: Major Shareholders Details Not Available
BUSINESS DETAILS
|
Line of
Business : |
Importer of
Newsprint, Graphic Art Films, Publishing New Paper. |
|
|
|
|
Products : |
Newspaper
Publishing |
|
|
|
|
Brand Names : |
·
Punjab
Kesari ·
Jag Bani ·
Hind Samachar |
|
|
|
|
Agencies Held
: |
Carrier Aircone |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Russia ·
Canada ·
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Credit and Cheque |
|
|
|
|
Purchasing : |
Credit and Cheque |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees
: |
1500
(Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Axis
Bank Limited, Trishul 3rd Floor,
Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad – 380
006, Gujarat, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. C. Vasudeva and Company Chartered
Accountants |
|
Address : |
E-1, Connaught Place, New Delhi-110001, India |
|
Tel. No.: |
91-11-23328655 |
|
|
|
|
Sister Concern: (As on 2007) |
·
Vijay
Printing Press Private Limited Address: Hind Samachar Street, Pucca Bagh, Civil Lines, Jalandhar - 144 001, Punjab, India Activity: Manufacturer, Exporter and Publisher of News Papers ·
Hind Samachar –Urdu, Punjab Kesari –
Hindi, Jag Bharti -Punjab ·
Chopra
Publishing House Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital: Rs.3.500
Millions
Issued, Subscribed & Paid-up Capital: Rs.3.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
(JALANDHAR UNITS)
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.502 |
1.502 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
1463.057 |
1158.971 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1464.559 |
1160.473 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
611.844 |
408.833 |
|
|
2] Unsecured Loans |
|
|
87.302 |
|
|
TOTAL BORROWING |
|
611.844 |
496.135 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2076.403 |
1656.608 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
986.748 |
745.795 |
|
|
Capital work-in-progress |
|
128.402 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.274 |
0.274 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
311.393 |
212.927 |
|
|
Sundry Debtors |
|
577.021 |
509.187 |
|
|
Cash & Bank Balances |
|
208.361 |
163.526 |
|
|
Other Current Assets |
|
0.030 |
66.589 |
|
|
Loans & Advances |
|
339.959 |
104.366 |
|
Total
Current Assets |
|
1436.764 |
1056.595 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
285.375 |
256.684 |
|
|
Other Liabilities |
|
188.530 |
|
|
|
Provisions |
|
1.880 |
(110.628) |
|
Total
Current Liabilities |
|
475.785 |
146.056 |
|
|
Net Current Assets |
|
960.979 |
910.539 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2076.403 |
1656.608 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
4052.040 |
3348.184 |
|
|
|
Other Income |
|
20.858 |
81.120 |
|
|
|
TOTAL (A) |
|
4072.898 |
3429.304 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
|
2987.066 |
|
|
|
Employee benefits expenses |
|
56.894 |
|
|
|
|
Other Expenses |
|
2209.922 |
|
|
|
|
TOTAL (B) |
|
3602.754 |
2987.066 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
470.144 |
442.238 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
22.892 |
31.612 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
447.252 |
410.626 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
52.242 |
41.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
395.010 |
369.194 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
113.001 |
111.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
282.009 |
257.394 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
1044.470 |
787.076 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
1326.479 |
1044.470 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
5480.000 |
4620.000 |
Expected Sales (2014-2015): Rs.5800.000 Millions
The above information has been parted by Mr. Sanjay Gupta (General
Manager / Finance)
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
6.92 |
7.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
9.75 |
11.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
16.30 |
20.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.27 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.74 |
0.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.02 |
7.23 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
Rs. In
Millions |
Rs. In
Millions |
|
Share Capital |
|
1.502 |
1.502 |
|
Reserves & Surplus |
|
1158.971 |
1463.057 |
|
Net
worth |
|
1160.473 |
1464.559 |
|
|
|
|
|
|
Secured Loans |
|
408.833 |
611.844 |
|
Unsecured Loans |
|
87.302 |
|
|
Total
borrowings |
|
496.135 |
611.844 |
|
Debt/Equity
ratio |
|
0.428 |
0.418 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2011 |
31.03.2012 |
|
|
|
Rs. In
Millions |
Rs. In
Millions |
|
Sales |
|
3348.184 |
4052.040 |
|
|
|
|
21.022 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2011 |
31.03.2012 |
|
|
|
Rs. In
Millions |
Rs. In
Millions |
|
Sales
|
|
3348.184 |
4052.040 |
|
Profit |
|
257.394 |
282.009 |
|
|
|
7.69% |
6.96% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/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 |
|
52 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.