MIRA INFORM REPORT

Report No. :	341536
Report Date :	16.09.2015

IDENTIFICATION DETAILS

Name :	THE MALAYLA MANORAMA COMPANY LIMITED
Registered Office :	Manorama Building, K. K. Road, P. B. No. 26, Kottayam - 686001, Kerala
Tel. No.:	91-481-2563646
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.03.1889
Com. Reg. No.:	09-000647
Capital Investment / Paid-up Capital :	Rs. 7.200 Million
CIN No.: [Company Identification No.]	U22121KL1889PLC000647
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACT7597G
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Subject is engaged in the business of printing and publishing of magazines and newspapers.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Aa (72)

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 17300000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Exists
Comments :	Subject is a well-established company incorporated in 1889. It has a fine track of performance and financial status. For the financial year ended 2014, the company has strong operational activities along with good top line growth of 11.0% and an outstanding profitability margin of 12.6%. Rating also reflects upstanding financial risk profile marked by healthy reserves position and negligible borrowings taken by the company along with favorable gap between trade payables and receivables. The company has long business track record and strong market position. Trade relations are reported as fair. Payment terms are reported to be regular and as per commitment. In view of long history of business and sound financial base, the company can be considered for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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	CARE
Rating	Long Term Bank Facilities = AA
Rating Explanation	High degree of safety and very low credit risk.
Date	November 25, 2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A1+
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	November 25, 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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Siji Josebh
Designation :	General Manager
Contact No.:	91-481-2563646

LOCATIONS

Registered Office :	Manorama Building, K. K. Road, P. B. No. 26, Kottayam - 686001, Kerala, India
Tel. No.:	91-481-2563646
Fax No.:	91-481-2562479 / 2565399
E-Mail :	editor@mm.co.in sijijoseph@mm.co.in manoramaclassifieds@mm.co.in subscription@mm.co.in marketing@mm.co.in manoramabooks@mm.co.in sampadyam@mm.co.in fasttrack@mm.co.in bhashaposhini@mm.co.in karsha@mm.co.in
Website :	www.malayalamanorama.com
Unit Offices :	Located at: · Kottayam · Trivandrum · Kollam · Pathanamthitta · Kochi · Trichur · Palakkad · Kozhikode · Kannur · Malappuram Outside Kerala Offices · Delhi · Mumbai · Chennai · Bangalore · Hyderabad · Kolkata · Coimbatore · Dubai · Ahmedabad · Jaipur

DIRECTORS

AS ON 27.09.2014

Name :

Mammen Mathew

Designation :

Managing Director

Address :

Manorma Mandiram, Manganam, Kottayam - 686018, Kerala, India

Date of Birth/Age :

20.09.1944

Qualification :

MA

Date of Appointment :

01.09.2013

PAN No.:

ADOPM4967H

DIN No.:

00071606

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	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	18/01/1973	18/01/1973	-	Active	NO
2	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Director	23/09/1983	23/09/1983	25/06/2012	Active	NO
3	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	21/09/1984	21/09/1984	22/09/2008	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Managing director	01/09/2013	15/03/2001	-	Active	NO
5	U92132KL2004PLC017566	MM TV LIMITED	Director	29/10/2004	29/10/2004	-	Active	NO

Name :

Jacob Mammen

Designation :

Director

Address :

12, Walton Road, Bangalore – 560001, Karnataka, India

Date of Birth/Age :

15.11.1962

Qualification :

BA

Date of Appointment :

04.04.1986

DIN No.:

00078010

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	U67120KA1983PLC005177	STABLE INVESTMENTS AND FINANCE COMPANY LIMITED	Director	23/02/1983	23/02/1983	-	Active	NO
2	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	21/01/1985	21/01/1985	-	Active	NO
3	U29222KA1972PTC002201	DEVON MACHINES PRIVATE LIMITED	Director	11/02/1986	11/02/1986	-	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	04/04/1986	04/04/1986	-	Active	NO
5	U85110KA1983PLC005134	DEVON FINANCIAL SERVICES LIMITED	Director	29/04/1986	29/04/1986	-	Active	NO
6	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Director	09/02/1989	09/02/1989	-	Active	NO
7	U01122KA1989PLC010064	INDO ROSES AND FLORICULTURE LIMITED	Director	18/09/1989	18/09/1989	-	Active	NO
8	U06599KA1987PTC008774	MAMMEN MAPPILLAI AND INVESTMENTS PRIVATE LIMITED	Director	20/08/1993	20/08/1993	-	Active	NO
9	U85110KA1943PLC000314	BADRA ESTATES AND INDUSTRIES LIMITED	Managing director	01/03/2012	01/03/1994	-	Active	NO
10	U70102KA1991PTC011987	M.M. HOUSING PRIVATE LIMITED	Director	24/02/1995	24/02/1995	-	Active	NO
11	U74140KA1998PTC023976	TEXTILE SOURCING AND SERVICES PRIVATE LIMITED	Director	21/07/1998	21/07/1998	16/04/2007	Active	NO
12	L25190KA1964PLC052092	M M RUBBER COMPANY LIMITED	Director	28/09/2006	28/09/2006	-	Active	NO

Name :

Zachariah Kuriyan

Designation :

Director

Address :

Thayyil, Kandathil, Erayilkadavu, Kottayam - 686001, Kerala, India

Date of Birth/Age :

21.07.1956

Qualification :

BA

Date of Appointment :

24.04.1990

DIN No.:

00078109

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	U85110KA1943PLC000314	BADRA ESTATES AND INDUSTRIES LIMITED	Director	27/06/1984	27/06/1984	-	Active	NO
2	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	24/04/1990	24/04/1990	-	Active	NO
3	U01131KA1967PTC001701	PANDALUR PLANTATIONS PRIVATE LIMITED	Director	10/10/1993	10/10/1993	-	Active	NO
4	U24129KL1955PTC001136	SICAF PRIVATE LIMITED	Director	30/03/1995	30/03/1995	-	Active	NO
5	U51909KL1996PLC009894	G MART LIMITED	Director	04/08/1996	04/08/1996	-	Active	NO
6	U91200KL1939NPL000037	THE ASSOCIATION OF PLANTERS OF KERALA	Director	01/10/2004	01/10/2004	-	Active	NO
7	L01116KL1943PLC000389	THE GOKUL RUBBER AND TEA PLANTATIONS LTD	Managing director	01/11/2012	31/10/2005	-	Active	NO

Name :

Mammen Eapen

Designation :

Director

Address :

Old #15, New # 10, Wallace Garden, 1^st Street, Chennai - 600006, Tamilnadu, India

Date of Birth/Age :

29.03.1935

Qualification :

BA

Date of Appointment :

11.11.1970

DIN No.:

00081267

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	11/11/1970	11/11/1970	-	Active	NO
2	L70102KA1974PLC002641	BALANOOR PLANTATIONS AND INDUSTRIES LIMITED	Director	20/01/1975	20/01/1975	-	Active	NO
3	U06599KA1987PTC008774	MAMMEN MAPPILLAI AND INVESTMENTS PRIVATE LIMITED	Director	13/09/1991	13/09/1991	-	Active	NO
4	U70102KA1991PTC011987	M.M. HOUSING PRIVATE LIMITED	Director	24/02/1995	24/02/1995	-	Active	NO

Name :

Palampadam Thomas

Designation :

Director appointed in casual vacancy

Address :

42/866, Shangrila, Power House Road, Cochin - 682018, Kerala, India

Date of Birth/Age :

29.12.1953

Qualification :

MA

Date of Appointment :

27.09.2014

DIN No.:

00239669

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	U63040KL1989PTC005418	SUNDALE VACATIONS PRIVATE LIMITED	Director	02/03/1995	02/03/1995	-	Active	NO
2	U01119KL1919PLC001148	THE TROPICAL PLANTATIONS LTD	Whole-time director	01/09/2012	01/09/2002	-	Active	NO
3	U01119KL1920PLC000847	PALAMPADAM PLANTATIONS LTD	Director	28/09/2006	28/09/2006	-	Active	NO
4	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	27/09/2014	08/10/2007	-	Active	NO
5	U91110KL1992NPL006873	TEA TRADE ASSOCIATION OF COCHIN	Director	23/09/2008	23/09/2008	-	Active	NO

Name :

Mr. Suresh Mehra

Designation :

Director

Address :

404, Sarita Apartment, Road No. 4, Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India

Date of Birth/Age :

24.10.1944

Qualification :

ACA

Date of Appointment :

14.08.1985

DIN No.:

00471172

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	14/08/1985	14/08/1985	06/10/2014	Active	NO
2	U18100TG1993PTC015342	ENCORE FABRICS PVT LTD	Director	08/02/1993	08/02/1993	-	Active	YES

Name :

Adangapuram Kurian Abraham

Designation :

Director

Address :

Adangapuram XL/241, Layam Road, Ernakulum - 682011, Kerala, India

Date of Birth/Age :

23.08.1938

Qualification :

MD

Date of Appointment :

24.04.1990

DIN No.:

00471221

Name :

Prof Koshy Abraham

Designation :

Director

Address :

House No. 409, IIM Vastrapur– 380015, Gujarat, India

Date of Birth/Age :

18.01.1953

Qualification :

MA

Date of Appointment :

03.03.1999

DIN No.:

00471385

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	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	03/03/1999	03/03/1999	-	Active	NO
2	U26950GJ1981PLC047664	SPARTA CEMENTS AND INFRA LIMITED	Director	12/11/2005	12/11/2005	31/03/2010	Active	NO
3	L34300PN1996PLC104510	AUTOLINE INDUSTRIES LIMITED	Director	27/09/2006	01/07/2006	18/05/2013	Active	NO
4	L65191KL1931PLC000368	THE FEDERAL BANK LTD	Director	17/07/2014	24/09/2007	18/05/2015	Active	NO
5	L26910GJ1998PLC034400	CERA SANITARYWARE LIMITED	Director	12/09/2008	31/10/2007	19/04/2010	Active	NO
6	U65910KL1995PLC008910	FEDBANK FINANCIAL SERVICES LIMITED	Director	04/06/2013	04/06/2013	-	Active	NO

Name :

Mr. Ashok Peter Jacob

Designation :

Director

Address :

55, Victoria Road, Bellevue Hill, NSW 2023, Australia

Date of Birth/Age :

14.10.1960

Qualification :

MBA

Date of Appointment :

03.03.1999

DIN No.:

00471772

Name :

Dr. Peter Philip

Designation :

Director

Address :

11 – A, Cuffe Parade, Ground Floor, Colaba, Mumbai - 400005, Maharashtra, India

Date of Birth/Age :

16.06.1943

Qualification :

PHD

Date of Appointment :

02.10.1971

DIN No.:

00820202

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	U74999MH1943PLC004023	COMMERCIAL BROADCASTS LTD	Director	02/10/1971	02/10/1971	-	Active	NO
2	U22121KL1889PLC000647	THE MALAYALA MANORAMA CO LTD	Director	02/10/1971	02/10/1971	-	Active	NO
3	L01132KA1936PLC002642	DEVON PLANTATIONS AND INDUSTRIES LIMITED	Director	20/01/1975	20/01/1975	-	Active	NO
4	U99999MH1980PLC023038	PHILIPS COFFEE AND TEA LTD	Director	29/08/1980	29/08/1980	-	Strike off	NO
5	L25191GJ1974PLC002555	GRP LIMITED	Director	01/04/1981	01/04/1981	-	Active	NO
6	U67120MH1981PTC025333	PHILIPS INVESTMENTS PVT LTD	Director	01/10/1983	01/10/1983	-	Active	NO
7	U51900MH1940PLC003067	INDIA COFFEE AND TEA DISTRIBUTING COMPANY LIMITED	Managing director	01/06/2009	01/06/1984	-	Active	NO
8	U92100MH1944PTC004234	REMBRANDT AND VANDYKES PRIVATE LIMITED	Director	07/10/1991	07/10/1991	-	Active	NO
9	U25199TN1989PTC017023	M.M. RESEARCH COMPANY PRIVATE LIMITED	Director	16/01/1997	16/01/1997	-	Active	NO
10	U85110KA1993PLC014267	INDO BLOOMS LIMITED	Director	24/01/2007	24/01/2007	-	Active	NO

KEY EXECUTIVES

Name :	George Verghese
Designation :	Secretary
Address :	Kandathil, K. M. Varghese Road, Kottayam - 686001, Kerala, India
Date of Birth/Age :	11.03.1941
Date of Appointment :	22.05.1980
PAN No.:	ABHPV7692P

MAJOR SHAREHOLDERS

SHAREHOLDING DETAILS FILE ATTACHED.

Equity Share Break up (Percentage of Total Equity)

AS ON 27.09.2014

Category	Percentage
Directors or relatives of Directors	33.00
Other top fifty shareholders	66.00
Others	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of printing and publishing of magazines and newspapers.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

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

Customers :

Not Divulged

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

No. of Employees :

Information declined by the management

Bankers :

Banker Name	Syndicate Bank
Branch Address	Sastri Road, Kottayam – 686001, Kerala, India
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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loan from banks	1057.195	878.043
SHORT TERM BORROWING
Working capital loans from banks	403.759	235.650
Total	1460.954	1113.693

Auditors :
Name :	Cheriyan and Cheriyan Chartered Accountant
Address :	Kallarackal Buildings, Miss East Road,Post Box No. 43, Kottayam, Kerala-686001, India
PAN No.:	AABFC7312C
Memberships :	--
Collaborators :	--
Subsidiaries :	Young India Agencies Private Limited Safepac Industries Packard Industries MM TV Limited Commercial Broadcasts Limited Aero Estates And Leasing Company Limited

CAPITAL STRUCTURE

AS ON 27.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
950000	Equity Shares	Rs.10/- each	Rs. 9.500 Million
5000	Preference Shares	Rs. 100/- each	Rs. 0.500 Million
	Total		Rs. 10.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
720000	Equity Shares	Rs.10/- each	Rs. 7.200 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	7.200	7.200	7.200
(b) Reserves & Surplus	6072.624	5113.454	4167.808
(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)	6079.824	5120.654	4175.008
(3) Non-Current Liabilities
(a) long-term borrowings	1069.601	890.449	134.329
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	861.122	772.346	761.549
(d) long-term provisions	123.214	304.691	61.718
Total Non-current Liabilities (3)	2053.937	1967.486	957.596
(4) Current Liabilities
(a) Short term borrowings	420.564	246.076	526.198
(b) Trade payables	920.361	1034.443	725.818
(c) Other current liabilities	661.484	415.835	283.006
(d) Short-term provisions	418.508	161.448	159.286
Total Current Liabilities (4)	2420.917	1857.802	1694.308
TOTAL	10554.678	8945.942	6826.912
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	5060.675	2163.486	2047.392
(ii) Intangible Assets	101.899	121.937	146.579
(iii) Capital work-in-progress	224.646	2061.014	581.301
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1627.117	1541.617	1007.358
(c) Deferred tax assets (net)	67.413	106.253	22.926
(d) Long-term Loan and Advances	356.128	353.180	370.093
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	7437.878	6347.487	4175.649
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1124.344	926.969	939.281
(c) Trade receivables	1199.628	1010.212	786.692
(d) Cash and cash equivalents	459.045	456.505	346.514
(e) Short-term loans and advances	296.351	162.875	485.296
(f) Other current assets	37.432	41.894	93.480
Total Current Assets	3116.800	2598.455	2651.263
TOTAL	10554.678	8945.942	6826.912

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	10024.668	8913.800	8042.834
		Other Income	73.175	78.691	104.447
		TOTAL	10097.843	8992.491	8147.281
Less	EXPENSES
		Cost of Materials Consumed	3296.377	2880.635	2861.856
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(9.034)	2.747	(11.755)
		Employees benefits expense	1602.143	1637.032	1193.641
		Other expenses	2754.144	2512.833	2262.728
		Exceptional Items	0.000	(12.415)	0.000
		TOTAL	7643.630	7020.832	6306.470
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		2454.213	1971.659	1840.811
Less	FINANCIAL EXPENSES		189.127	98.957	79.243
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		2265.086	1872.702	1761.568
Less/ Add	DEPRECIATION/ AMORTISATION		628.823	303.451	301.303
	PROFIT BEFORE TAX		1636.263	1569.251	1460.265
Less	TAX		550.739	497.250	471.841
	PROFIT AFTER TAX		1085.524	1072.001	988.424
	IMPORTS
		Raw Materials	3050.971	2190.928	2554.401
		Stores & Spares	68.297	27.829	53.716
		Capital Goods	266.318	467.795	333.618
	TOTAL IMPORTS		3385.586	2686.552	2941.735
	Earnings Per Share (Rs.)		1507.67	1488.89	1372.81

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	10.83	12.03	12.29
Operating Profit Margin (PBIDT/Sales)	(%)	24.48	22.12	22.89
Return on Total Assets (PBT/Total Assets}	(%)	18.95	29.96	28.00
Return on Investment (ROI) (PBT/Networth)		0.27	0.31	0.35
Debt Equity Ratio (Total Debt /Networth)		0.25	0.22	0.16
Current Ratio (Current Asset/Current Liability)		1.29	1.40	1.56

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	7.200	7.200	7.200
Reserves & Surplus	4167.808	5113.454	6072.624
Share Application money pending allotment	0.000	0.000	0.000
Net worth	4175.008	5120.654	6079.824
long-term borrowings	134.329	890.449	1069.601
Short term borrowings	526.198	246.076	420.564
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	660.527	1136.525	1490.165
Debt/Equity ratio	0.158	0.222	0.245

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	8042.834	8913.800	10024.668
		10.829	12.462

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	8042.834	8913.800	10024.668
Profit	988.424	1072.001	1085.524
	12.29%	12.03%	10.83%

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	Yes
8	Designation of contact person	Yes
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	Yes
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

LITIGATION DETAILS

KERALA HIGH COURT

CASE STATUS INFORMAITON SYSTEM

Case Status: PENDING

Status of SALES TAX REVISION 31 OF 2011

STATE OF KERALA Vs. THE MALAYALA MANORAMA COMPANY LIMITED

Pet. Adv. : GOVERNMENT PLEADER

Res’s Adv. : SRI.E.K.NANDAKUMAR

Last Date of Hearing : Tuesday, July 07, 2015

Next / Final Date of Hearing : ------

Case Updated On : Tuesday, July 07, 2015

Category : Tax Revision Cases/Sales Tax Revision

CONNECTED APPLICATION (S)	CONNECTED MATTER (S)
CMAP 129 2011	No Connected Cases

UNSECURED LOAN

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Deposits	12.406	12.406
SHORT TERM BORROWING
Deposits	16.805	10.426
Total	29.211	22.832

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10525539	27/09/2014	675,000,000.00	Syndicate Bank	SASTRI ROAD, KOTTAYAM, KOTTAYAM, Kerala - 686001,  INDIA	C29427853
2	10523273	09/09/2014	1,575,000,000.00	State Bank Of Travancore	Main Branch, Thirunakkara, Kottayam, Kottayam, Kerala - 686001, INDIA	C24782492
3	10439426	10/07/2013	1,000,000,000.00	STATE BANK OF TRAVANCORE	MAIN BRANCH, THIRUNAKKARA, KOTTAYAM, Kerala - 686001, INDIA	B80580905
4	10418588	26/03/2013	300,000,000.00	SYNDICATE BANK	SASTRI ROAD, KOTTAYAM, KOTTAYAM, Kerala - 686001,  INDIA	B72848476
5	10344648	10/03/2012	450,000,000.00	SYNDICATE BANK	SASTRI ROAD, KOTTAYAM, KOTTAYAM, Kerala - 686001,  INDIA	B35917186
6	10338520	02/02/2012	750,000,000.00	STATE BANK OF TRAVANCORE	MAIN BRANCH, THIRUNAKKARA, KOTTAYAM, KOTTAYAM, Kerala - 686001, INDIA	B33412552
7	10097037	23/03/2015 *	425,000,000.00	Syndicate Bank	SASTRI ROAD, KOTTAYAM, KOTTAYAM, Kerala - 686001,  INDIA	C50752294
8	90021673	22/04/2015 *	2,125,000,000.00	State Bank Of Travancore	KOTTAYAM MAIN, THIRUNAKKARA, KOTTAYAM, Kerala - 686001, INDIA	C53247029
9	90021245	21/04/1955	250,000.00	THE INDIAN BANK LTD	KOTTAYAM BRANCH, KOTTAYAM, Kerala, INDIA	-

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and Equipments
• Furniture and Fixture
• Vehicles
• Computer

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. 66.44
UK Pound	1	Rs. 102.41
Euro	1	Rs. 75.05

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	TRI
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		72

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.