MIRA INFORM REPORT

Report No. :	341537
Report Date :	19.09.2015

IDENTIFICATION DETAILS

Name :	USHODAYA ENTERPRISES PRIVATE LIMITED (w.e.f. 28.03.2007)
Formerly Known As :	USHODAYA ENTERPRISES LIMITED USHODAYA PUBLICATION PRIVATE LIMITED
Registered Office :	New Door No. 6-3-569/3, Eenadu Complex, Somajiguda, Hyderabad – 500082, Telangana
Tel. No.:	91-40-23318181
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	19.12.1973
Com. Reg. No.:	36-001763
Capital Investment / Paid-up Capital :	Rs.202.048 Million
CIN No.: [Company Identification No.]	U40102TG1973PTC001763 (New) U99999AP1973PTC001763 (Old)
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	HYDU00425F
PAN No.: [Permanent Account No.]	AAACU2690P
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of publishing “Eenadu”, a Telugu daily through its Publications division, manufacturing of pickles, pastes and ready to eat food items through its Foods division, generation of green energy through its Power divisions and providing event and web based services through its e-business division.
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

A (66)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 29767000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an old and established company incorporated during the year 1973 having good track. Available financial indicates company’s strong financial risk profile marked by healthy networth position with negligible debt and good profit margin of the company. Fundamentals of the company are strong and healthy. The rating also takes into consideration strong operating efficiency of the company and rich experience of its promoters. Trade relations reported as fair. Business is active. Payment are reported as regular and as per commitment. In view of long track record and strong financial base, the company can be considered good for normal business dealing 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: AA
Rating Explanation	High degree of safety and very low credit risk
Date	September 2015

Rating Agency Name	ICRA
Rating	Short-Term Bank Facilities: A1+
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	September 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 DECLINED BY

Name :	Mr. Shyam Rao
Designation :	Assistant Manager - Finance
Contact No.:	91-40-23318181

LOCATIONS

Registered Office :	New Door No. 6-3-569/3, Eenadu Complex, Somajiguda, Hyderabad – 500082, Telangana, India
Tel. No.:	91-40-23318181
Fax No.:	91-40-23318555/ 23323186
E-Mail :	info@priyafoods.com ushodayaenter@yahoo.co.in
Website :	http://www.priyafoods.com www.eenadu.net
Area :	6 storied
Location :	Owned
Factory :	Plot No.A1/1 (Part), Block No.3, IDA, Uppal, Hyderabad – 500 082, Telangana, India
Tel. No.:	91-40-27200351/ 27720354/ 23220446/ 232200440/ 232200421
Fax No.:	91-40-27200248/ 27202596
E-Mail :	respondse@priyafoods.com exports@priyafoods.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Ramoji Rao

Designation :

Director

Address :

Chairman’s Residence, Ramoji Film City, Ranga Reddy – 501 542, Telangana, India

Date of Birth/Age :

16.11.1936

Date of Appointment :

12.08.1974

DIN No.:

00089012

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	U65992TG1962PTC000927	MARGADARSI CHIT FUND Private LIMITED	Director	31/08/1962	31/08/1962	-	Active	NO
2	U55101TG1971PLC001390	DOLPHIN HOTELS LIMITED	Director	02/03/1971	02/03/1971	-	Active	NO
3	U40102TG1973PTC001763	USHODAYA ENTERPRISES Private LIMITED	Director	12/08/1974	12/08/1974	-	Active	NO
4	U74110TG1982PTC003469	MANPOWER SELECTION AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	28/04/1982	28/04/1982	-	Active	NO
5	U63032TG1983PTC003792	USHODAYA SHIPPING PRIVATE LIMITED	Director	03/02/1983	03/02/1983	-	Active	NO
6	U65993TG1983PTC004324	MARGADARSI INVESTMENT AND LEASING COMPANY PRIVATE LIMITED	Director	19/12/1983	19/12/1983	-	Active	NO
7	U92111TG1987PLC007757	USHAKIRON MOVIES LIMITED.	Director	07/09/1987	07/09/1987	-	Active	NO
8	U92111TG1991PTC012643	Eenadu Television Private Limited	Director	30/04/1991	30/04/1991	-	Active	NO
9	U65993TG1991PTC012719	MARGADARSI FINANCIAL SERVICES PRIVATE LIMITED	Director	23/05/1991	23/05/1991	-	Active	NO
10	U15499TG1993PTC015450	PRIYA FOODS PRIVATE LIMITED	Director	26/02/1993	26/02/1993	-	Active	NO
11	U65991TN1993PTC025267	MARGADARSI CHITS PRIVATE LIMITED	Director	18/06/1993	18/06/1993	-	Active	NO
12	U65921TG1995PTC022067	MARGADARSI HOUSING PRIVATE LIMITED	Director	20/10/1995	20/10/1995	-	Active	NO
13	U65992KA2001PTC028802	MARGADARSI CHITS (KARNATAKA) PRIVATE LIMITED	Director	22/03/2001	22/03/2001	-	Active	NO
14	U93000TG2008PTC062365	PRISM TV PRIVATE LIMITED	Director	01/07/2010	01/07/2010	10/05/2015	Active	NO
15	U64204TG1996PTC024587	Panorama Television Private Limited	Director	09/08/2010	09/08/2010	21/04/2015	Active	NO
16	U45200TG2015NPL098205	OM SPIRITUAL CITY	Director	26/03/2015	26/03/2015	-	Active	NO
17	U45400TG2015PTC098651	OM SPIRITUAL CITY INFRA PRIVATE LIMITED	Director	27/04/2015	27/04/2015	-	Active	NO
18	U74900TG2015PTC099586	Balbharat Enterprises Private Limited	Director	03/07/2015	03/07/2015	-	Active	NO

Name :

Mr. Atluri Ramamohana Rao

Designation :

Director

Address :

Plot No. 104, Jubilee Hills Co-Operative Housing Society Colony, Jubilee Hills, Hyderabad – 500 034, Telangana, India

Date of Birth/Age :

05.10.1935

Date of Appointment :

05.03.1986

DIN No.:

01557190

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	U24220TG1982PTC003563	COLORAMA PRINTERS PRIVATE LIMITED	Director	09/07/1982	09/07/1982	-	Active	NO
2	U40102TG1973PTC001763	USHODAYA ENTERPRISES Private LIMITED	Director	05/03/1986	05/03/1986	-	Active	NO
3	U92111TG1987PLC007757	USHAKIRON MOVIES LIMITED.	Managing director	01/02/2011	19/10/1991	-	Active	NO
4	U55101TG1971PLC001390	DOLPHIN HOTELS LIMITED	Director	27/03/1995	27/03/1995	-	Active	NO
5	U65921TG1995PTC022067	MARGADARSI HOUSING PRIVATE LIMITED	Director	20/10/1995	20/10/1995	-	Active	NO
6	U92132TG1998PTC029754	VARIETY ENTERTAINMENT PRIVATE LIMITED	Director	14/07/1998	14/07/1998	-	Active	NO
7	U28110TG1969PTC001294	L.CHIMANLAL INDUSTRIES PRIVATE LIMITED	Director	12/02/2009	12/02/2009	-	Active	NO
8	U74900TG2011PTC077887	AMERICAN COSMETIC INSTITUTE PRIVATE LIMITED	Director	08/12/2011	08/12/2011	-	Active	NO

Name :

Mr. Kiron Cherukuri

Designation :

Managing Director

Address :

8-2-293/82/A/1220, Road No.36, Jubilee Hills, Hyderabad – 500 034, Telangana, India

Date of Birth/Age :

21.05.1962

Date of Appointment :

01.01.1989

PAN No.:

ABUPC7202K

DIN No.:

00833663

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	U24220TG1982PTC003563	COLORAMA PRINTERS PRIVATE LIMITED	Director	09/07/1982	09/07/1982	-	Active	NO
2	U92111TG1987PLC007757	USHAKIRON MOVIES LIMITED.	Director	07/09/1987	07/09/1987	-	Active	NO
3	U65993TG1983PTC004324	MARGADARSI INVESTMENT AND LEASING COMPANY PRIVATE LIMITED	Director	01/01/1989	01/01/1989	30/03/2015	Active	NO
4	U40102TG1973PTC001763	USHODAYA ENTERPRISES Private LIMITED	Managing director	01/01/1989	01/01/1989	-	Active	NO
5	U92111TG1991PTC012643	Eenadu Television Private Limited	Director	30/04/1991	30/04/1991	-	Active	NO
6	U65993TG1991PTC012719	MARGADARSI FINANCIAL SERVICES PRIVATE LIMITED	Director	01/07/1993	01/07/1993	30/03/2015	Active	NO
7	U74110TG1982PTC003469	MANPOWER SELECTION AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	01/07/1993	01/07/1993	-	Active	NO
8	U65993TN1993PTC026464	MARGADARSI SECURITIES PRIVATE LIMITED	Director	28/12/1993	28/12/1993	-	Active	NO
9	U55101TG1971PLC001390	DOLPHIN HOTELS LIMITED	Director	27/03/1995	27/03/1995	-	Active	NO
10	U63032TG1983PTC003792	USHODAYA SHIPPING PRIVATE LIMITED	Director	27/03/1995	27/03/1995	-	Active	NO
11	U65993TN1995PTC031421	MARGADARSI INVESTMENT SERVICES PRIVATE LIMITED'	Director	17/05/1995	17/05/1995	-	Active	NO
12	U24300TG1996PTC024855	IMAGES HOARDINGS PRIVATE LIMITED	Director	06/08/1996	06/08/1996	-	Active	NO
13	U22110TG1997PTC027551	SUMAN ADVERTISING PRIVATE LIMITED	Director	15/07/1997	15/07/1997	-	Active	NO
14	U24999MH1948NPL006309	AUDIT BUREAU OF CIRCULATIONS	Director	28/01/2000	28/01/2000	17/09/2010	Active	NO
15	U15499TG1993PTC015450	PRIYA FOODS PRIVATE LIMITED	Director	24/07/2000	24/07/2000	-	Active	NO
16	U28110TG1969PTC001294	L.CHIMANLAL INDUSTRIES PRIVATE LIMITED	Director	16/08/2008	16/08/2008	-	Active	NO
17	U93000TG2008PTC062365	PRISM TV PRIVATE LIMITED	Director	01/07/2010	01/07/2010	10/05/2015	Active	NO
18	U64204TG1996PTC024587	Panorama Television Private Limited	Director	09/08/2010	09/08/2010	-	Active	NO
19	U74900TG2011PTC077887	AMERICAN COSMETIC INSTITUTE PRIVATE LIMITED	Director	08/12/2011	08/12/2011	-	Active	NO
20	U99999DL1951PLC002023	THE INDIAN NEWSPAPER SOCIETY.	Director	01/07/2013	01/07/2013	-	Active	NO
21	U45200TG2015NPL098205	OM SPIRITUAL CITY	Director	26/03/2015	26/03/2015	-	Active	NO
22	U74900TG2015PTC099586	Balbharat Enterprises Private Limited	Director	03/07/2015	03/07/2015	-	Active	NO
23	AAC-2839	USHAKIRON FILMS LLP	Body corporate as Designated Partner	01/05/2014	01/05/2014	-	Active	NO
24	AAC-7607	USHAKIRON - FIRST FRAME LLP	Body corporate as Designated Partner	26/09/2014	26/09/2014	-	Active	NO

Name :

Mr. Venkat Idupuganti

Designation :

Director

Address :

10-3-56/1/401, Ranga Fort, East Marredpally, Secunderabad – 500026, Telangana, India

Date of Birth/Age :

14.10.1947

Date of Appointment :

28.12.2007

PAN No.:

AAEPI6125N

DIN No.:

00089679

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	U40102TG1973PTC001763	USHODAYA ENTERPRISES Private LIMITED	Director	28/12/2007	01/01/1989	-	Active	NO
2	U74899DL1999NPL101705	INDIAN BROADCASTING FOUNDATION U S 25 PUBLIC COMPANY	Nominee director	29/09/2003	29/09/2003	-	Active	NO
3	U99999MH1994NPL076530	MEDIA RESEARCH USERS COUNCIL	Additional director	16/04/2015	28/09/2005	-	Active	NO
4	U91200MH1985GAP037820	THE ADVERTISING STANDARDS COUNCIL OF INDIA	Director	06/09/2006	06/09/2006	-	Active	NO
5	L31300TG1996PLC023119	OBJECTONE INFORMATION SYSTEMS LIMITED	Director	29/09/2008	30/04/2008	05/11/2012	Active	NO
6	L22100MH1981PLC024052	Next Mediaworks Limited	Director	20/07/2010	29/10/2009	-	Active	NO
7	U22130MH2008PLC177808	Midday Infomedia Limited	Director	20/07/2010	29/10/2009	31/03/2011	Active	NO
8	U24999MH1948NPL006309	AUDIT BUREAU OF CIRCULATIONS	Director	17/09/2010	17/09/2010	-	Active	NO
9	U73100MH2010NPL265172	BROADCAST AUDIENCE RESEARCH COUNCIL	Director	29/09/2014	23/05/2011	-	Active	NO

Name :

Mrs. Vijayeswari Cherukuri

Designation :

Director

Address :

3, Chikoti Gardens, Begumpet, Hyderabad-500016, Andhra Pradesh, India

Date of Birth/Age :

20.04.1969

Date of Appointment :

30.09.2013

PAN No.:

ADLPC5555A

DIN No.:

00089722

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	U65993TG1991PTC012719	MARGADARSI FINANCIAL SERVICES PRIVATE LIMITED	Director	01/07/1993	01/07/1993	-	Active	NO
2	U65993TG1983PTC004324	MARGADARSI INVESTMENT AND LEASING COMPANY PRIVATE LIMITED	Director	01/06/1995	01/06/1995	-	Active	NO
3	U22110TG1997PTC027551	SUMAN ADVERTISING PRIVATE LIMITED	Director	15/07/1997	15/07/1997	-	Active	NO
4	U92111TG1987PLC007757	USHAKIRON MOVIES LIMITED.	Managing director	22/10/2012	27/08/1997	-	Active	NO
5	U55101TG1971PLC001390	DOLPHIN HOTELS LIMITED	Managing director	19/12/2012	19/12/1997	-	Active	NO
6	U40102TG1973PTC001763	USHODAYA ENTERPRISES Private LIMITED	Director	30/09/2013	18/10/2012	-	Active	NO
7	U45400TG2015PTC098651	OM SPIRITUAL CITY INFRA PRIVATE LIMITED	Director	27/04/2015	27/04/2015	-	Active	NO
8	U74900TG2015PTC099586	Balbharat Enterprises Private Limited	Director	03/07/2015	03/07/2015	-	Active	NO

Name :

Sailaja Cherukuri

Designation :

Director

Address :

3, Chikoti Gardens, Begumpet, Hyderabad-500016, Andhra Pradesh, India

Date of Birth/Age :

28.11.1965

Date of Appointment :

30.09.2013

DIN No.:

00093906

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	U65992TG1962PTC000927	MARGADARSI CHIT FUND Private LIMITED	Managing director	26/02/2007	29/04/1995	-	Active	NO
2	U65991TN1993PTC025267	MARGADARSI CHITS PRIVATE LIMITED	Managing director	26/02/2007	25/08/1995	-	Active	NO
3	U52190TG1974PTC001762	MARGADARSI MARKETING PRIVATE LIMITED	Director	14/05/1996	14/05/1996	-	Active	NO
4	U65992KA2001PTC028802	MARGADARSI CHITS (KARNATAKA) PRIVATE LIMITED	Director	22/03/2001	22/03/2001	-	Active	NO
5	U92111TG1987PLC007757	USHAKIRON MOVIES LIMITED	Director	30/09/2013	18/10/2012	-	Active	NO
6	U40102TG1973PTC001763	USHODAYA ENTERPRISES Private LIMITED	Director	30/09/2013	18/10/2012	-	Active	NO
7	U55101TG1971PLC001390	DOLPHIN HOTELS LIMITED	Director	30/09/2013	18/10/2012	-	Active	NO
8	U65993TG1991PTC012719	MARGADARSI FINANCIAL SERVICES PRIVATE LIMITED	Director	30/03/2015	30/03/2015	-	Active	NO
9	U65993TG1983PTC004324	MARGADARSI INVESTMENT AND LEASING COMPANY PRIVATE LIMITED	Director	30/03/2015	30/03/2015	-	Active	NO

Name :

Sahari Cherukuri

Designation :

Director

Address :

Plot No.1220, Road No.36, Jubilee Hills, Hyderabad-500033, Andhra Pradesh, India

Date of Birth/Age :

23.07.1993

Date of Appointment :

30.09.2013

DIN No.:

06408368

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	U92111TG1987PLC007757	USHAKIRON MOVIES LIMITED.	Director	30/09/2013	18/10/2012	-	Active	NO
2	U40102TG1973PTC001763	USHODAYA ENTERPRISES Private LIMITED	Director	30/09/2013	18/10/2012	-	Active	NO
3	U55101TG1971PLC001390	DOLPHIN HOTELS LIMITED	Director	30/09/2013	18/10/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Srinivas Gajjala
Designation :	Secretary
Address :	Flat No.501, Plot No.23 and 24, SBI Officers Colony, Baghamberpet,, Hyderabad-500013, Andhra Pradesh, India
Date of Birth/Age :	04.02.1958
Date of Appointment :	01.10.1996
Pan No.:	ACWPG9764F
Name :	Mr. Shyam Rao
Designation :	Assistant Manager - Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Ramoji Rao (HUF)	72600
T.V. Krishna Rao	100
Atluri Ramamohana Rao	20
Manpower Selection and Management Services Private Limited, India	10
Kiron Cherukuri (HUF)	4270
Equator Trading Enterprises Private Limited, India	27500
Shinano Retail Private Limited, India	21750
Margadarsi Chit Fund Private Limited, India	900010
Ushakiron Movies Limited, India	720010
Colorama Printers Private Limited	274210
Total	2020480

AS ON 30.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	96.20
Directors or relatives of directors	3.80
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of publishing “Eenadu”, a Telugu daily through its Publications division, manufacturing of pickles, pastes and ready to eat food items through its Foods division, generation of green energy through its Power divisions and providing event and web based services through its e-business division.

Products/ Services :

Item Code No. (ITC Code)	99891211
Product/ Service Description	Newspaper Printing Services
Item Code No. (ITC Code)	99611299
Product/ Service Description	Manufacturing of Food Products
Item Code No. (ITC Code)	99691120
Product/ Service Description	Distribution of Electricity (on own account) (wind Power)

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
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 :

Banker Name	Union Bank of India
Branch Address	6-1-67/14, Saifabad Branch, First Floor, M Opposite To I.G.P. Office, Saifabad, Hyderaabad - 500004, Andhra Pradesh, 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

• State Bank of India, MID Corporate Loan Administration Unit, Hyderguda, Hyderabad – 500 029, Telangana, India

• Axis Bank Limited, Central Office, Capital Market Department, 11^th Floor, ‘F’ Wing, Maker Tower, Cuffe Parade, Mumbai – 400 005, Maharashtra, India

Facilities :

Secured Loans	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG-TERM BORROWINGS
Rupee term loans from banks	1401.250	1223.633
SHORT-TERM BORROWINGS
Loans repayable on demand from banks	237.222	388.283
Total	1638.472	1611.916

Auditors :
Name :	Brahmayya and Company Chartered Accountants
Address :	403 and 404, Golden Green Apartments, E Manzil Colony, Somajiguda, Hyderabad, Telangana, India
Income-tax PAN of auditor or auditor's firm :	AAFFA4921K
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Companies :	L. Chimanlal industries private limited, India (CIN No.: U28110TG1969PTC001294) Eenadu Television Private Limited, India (CIN No.: U92111TG1991PTC012643) (from 06.01.2014)
Enterprises controlling the reporting enterprise :	Equator Trading Enterprises Private Limited (upto 06.01.2014) Anu Trading Private Limited. (upto 06.01.2014) Arimas Trading Private Limited (upto 06.01.2014) Margadarsi Chit Fund Private Limited (from 06.01.2104) Ushakiron Movies Limited (from 06.01.2104)
Enterprises over which the Shareholders of the Company, KMP/relatives of KMP exercise Control or significant influence:	Margadarsi Chits (Karnataka) Private Limited Margadarsi Chits Private Limited Colorama Printers Private Limited Margadarsi Marketing Private Limited Margadarsi Housing Private Limited Margadarsi Financial Services Private Limited Margadarsi Investment and Leasing Company Private Limited Ushodaya Shipping Private Limited Priya Foods Private Limited Dolphin Hotels Limited Suman Advertising Private Limited Man Power Selection and Management Services Private Limited Prism Television Private Limited Panorama Television Private Limited Variety Entertainment Private Limited American Cosmetic Institute Private Limited Images Hoardings Private Limited Images Various Business concerns of Ramoji Rao (HUF) Ramadevi Trust Eenadu Relief Fund Ramoji Foundation

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.100/- each	Rs.1500.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2020480	Equity Shares	Rs.100/- each	Rs.202.048 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	202.048	12.628	12.628
(b) Reserves & Surplus	10216.459	9313.396	8570.364
(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)	10418.507	9326.024	8582.992
(3) Non-Current Liabilities
(a) Long-term borrowings	1401.250	1507.763	142.065
(b) Deferred tax liabilities (Net)	76.550	17.432	0.000
(c) Other long term liabilities	396.954	322.143	283.048
(d) Long-term provisions	298.536	305.138	204.220
Total Non-current Liabilities (3)	2173.290	2152.476	629.333
(4) Current Liabilities
(a) Short term borrowings	237.222	388.283	336.145
(b) Trade payables	712.623	532.980	535.970
(c) Other current liabilities	501.280	387.932	244.941
(d) Short-term provisions	75.891	38.012	36.981
Total Current Liabilities (4)	1527.016	1347.207	1154.037
TOTAL	14118.813	12825.707	10366.362
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3943.821	3360.257	2520.989
(ii) Intangible Assets	48.423	45.246	25.784
(iii) Capital work-in-progress	42.063	273.967	93.590
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	2427.903	2427.114	2419.600
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	207.202	170.700	258.707
(e) Other Non-current assets	4.705	2.281	8.063
Total Non-Current Assets	6674.117	6279.565	5326.733
(2) Current assets
(a) Current investments	479.720	404.164	140.242
(b) Inventories	1898.702	1432.723	1372.946
(c) Trade receivables	1362.115	1471.238	1218.947
(d) Cash and cash equivalents	2195.382	2036.287	1310.642
(e) Short-term loans and advances	206.614	124.377	110.604
(f) Other current assets	1302.163	1077.353	886.248
Total Current Assets	7444.696	6546.142	5039.629
TOTAL	14118.813	12825.707	10366.362

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	TURNOVER		14856.000	13110.000	11901.900
		Sale of Newspapers	2214.900	1700.500	1487.300
		Advertisement Revenue	5568.200	5314.500	4767.500
Less:	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		1907.500	1617.000	1417.500
Less:	FINANCIAL EXPENSES		194.000	110.100	42.500
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		1713.500	1506.900	1375.000
Less:	DEPRECIATION/ AMORTISATION		473.500	356.200	304.600
	PROFIT FOR THE YEAR BEFORE EXCEPTIONAL ITEMS		1240.000	1150.700	1070.400
Add:	EXCEPTIONAL ITEMS OF EXPENDITURE		7.500	80.200	0.000
	PROFIT/ (LOSS) BEFORE TAX		1232.500	1070.500	1070.400
Less:	TAX		424.100	327.400	219.300
	PROFIT/ (LOSS) AFTER TAX		808.400	743.100	851.100
	Earnings/ (Loss) Per Share (Rs.)		400.10	5884.54	6739.78

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current maturities of long-term debt	338.750	160.000	0.000
Net cash flows from (used in) operations	1429.029	1327.853	2581.702
Net cash flows from (used in) operating activities	881.682	778.216	2967.643

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Turnover)	(%)	5.44	5.67	7.15
Operating Profit Margin (PBIDT/Turnover)	(%)	12.84	12.33	11.91
Return on Total Assets (PBT/Total Assets}	(%)	10.58	10.57	13.63
Return on Investment (ROI) (PBT/Networth)		0.12	0.11	0.12
Debt Equity Ratio (Total Debt /Networth)		0.19	0.22	0.06
Current Ratio (Current Asset/Current Liability)		4.88	4.86	4.37

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	12.628	12.628	202.048
Reserves & Surplus	8570.364	9313.396	10216.459
Net worth	8582.992	9326.024	10418.507
Long-term borrowings	142.065	1507.763	1401.250
Short term borrowings	336.145	388.283	237.222
Current maturities of long-term debts	0.000	160.000	338.750
Total borrowings	478.210	2056.046	1977.222
Debt/Equity ratio	0.056	0.220	0.190

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)
Turnover	11901.900	13110.000	14856.000
		10.150	13.318

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Turnover	11901.900	13110.000	14856.000
Profit	851.100	743.100	808.400
	7.15%	5.67%	5.44%

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	Yes
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

NATURE OF OPERATIONS:

The Company is a Company registered under Indian Companies Act, 1956. The Company was engaged in the business of publishing “Eenadu”, a Telugu daily through its Publications division, manufacturing of pickles, pastes and ready to eat food items through its Foods division, generation of green energy through its Power divisions and providing event and web based services through its e-business division.

BUSINESS OPERATIONS:

PUBLICATIONS DIVISION:

Eenadu continues to be the market leader and added significant number of new readers during the year. The income from sale of newspapers amounted to Rs.2214.900 million and advertisement revenue amounted to Rs.5568.200 million during the year, when compared to Rs.1700.500 million and Rs.5314.500 million respectively in the previous year. Advertising revenue increased by about 5% compared to previous year due to subdued ad spends on print in Andhra Pradesh. Some of the segments like retail and real estate sectors reduced their ad spends, due to the disturbed conditions in the State. Events and other ground support activities in tandem with Print advertising were provided to the clients, apart from reader engagement initiatives which have yielded encouraging results, while creating opportunities for monetizing the same. Increase in staff costs and other operating costs apart from higher interest cost on account of the loans availed for expansion and modernization, had an impact on profitability margins during the year.

RENEWABLE ENERGY:

The Wind Turbine Generators at Rathkuriya, in the State of Rajasthan (5 MW) and at Mamatkheda in the State of Madhya Pradesh (6.3 MW) are performing satisfactorily by generating the rated power which is fed into the respective State Grids. During the year, the Company has established a 6.5 MW Solar power plant near Mahboobnagar, in continuation of its initiatives in renewable energy. The Directors intend to make further investments in future in view of the growing importance of developing renewable energy sources and its potential in the long run, in pursuance of their commitment towards sustainable environment.

FOODS DIVISION:

The sale of food products during the year are higher by 16% mainly due to increased sales in domestic markets, backed by pickles, spice powders and Priya range of oils. The market conditions for the food processing sector are encouraging and favourable for growth in the long term. The Directors are planning to expand the product range, and increase the market presence in all regions.

UNSECURED LOAN:

Particulars	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG-TERM BORROWINGS
Fully convertible debentures others (Each OFCD is to be converted into 6 equity shares of the company @ Rs.150/- per share at the election of the OFCDs holders at any point of time beginning from date of allotment i.e. 30.03.2012, till expiry of 7 years from the said date. In case any OFCD holder does not exercise the conversion Election during the above period on the expiry of 7 years the company has to redeem the said debentures. As the variables are indeterminate at present regarding redemption no Debenture Redemption Reserve is created during the year.)	0.000	284.130
Total	0.000	284.130

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10473480	30/12/2013	350,000,000.00	UNION BANK OF INDIA	6-1-67/14,SAIFABAD BRANCH, FIRST FLOOR,M OPP TO  I.G.P.OFFICE, SAIFABAD, HYDERAABAD, ANDHRA PRADESH  - 500004, INDIA	B94684222
2	10348164	02/11/2012 *	1,600,000,000.00	UNION BANK OF INDIA	SAIFABAD BRANCH,6-1-67/14, FIRST FLOOR, OPPOSITE TO I .G.P.OFFICE, SAIFABAD, HYDERABAD, ANDHRA PRADESH -  500004, INDIA	B61659728
3	10008132	27/05/2006	5,310,000.00	KOTAK MAHINDRA BANK LIMITED	6-3-1109/1/P-G2, 2ND FLOOR, JEWEL PAWANI TOWERS,  RAJBHAVAN ROAD, SOMAJIGUDA, HYDERABAD, ANDHRA PRADESH - 500082, INDIA	A01594415
4	90116151	08/01/2002	61,610,000.00	IFCI LIMITED	IFCI, 61, NEHRU PLACE, NEW DELHI, DELHI - 110019,  INDIA	-
5	90114327	30/12/2013 *	600,000,000.00	UNION BANK OF INDIA	6-1-67/14,SAIFABAD BRANCH, FIRST FLOOR,M OPP TO  I.G.P.OFFICE, SAIFABAD, HYDERAABAD, ANDHRA PRADESH  - 500004, INDIA	B94684727

CONTINGENT LIABILITIES:

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Contingent liabilities not provided for:
Claims against the Company not acknowledged as debts	592.570	368.960
Outstanding bank guarantees	3.100	3.825
Direct taxes	2123.157	2868.696
Guarantees given by the Company	--	3.400
Arrears of salaries and wages as per Bachawat Award	24.418	24.418

FIXED ASSETS:

Tangible Assets

· Land

· Buildings

· Plant and Equipments

· Furniture and Fixtures

· Vehicles

· Leasehold Improvements

· Computer Equipments

· Office Equipments

Intangible Assets

· Computer Software

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.65.93
UK Pound	1	Rs.102.75
Euro	1	Rs.75.13

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	DIV
Report Prepared by :	THR

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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		66

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.