|
|
|
MIRA INFORM REPORT
|
Report No. : |
502111 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MANIPAL MEDIA NETWORK LIMITED |
|
|
|
|
Registered
Office : |
New Udyavani Building. Tile Factory Road, Manipal, Udupi –
576104, Karnataka |
|
Tel. No.: |
91-820-2571149 / 71152 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.12.1948 |
|
|
|
|
Com. Reg. No.: |
21-001159 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 79.704 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22221KA1948PLC001159 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0788015753 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AAACM8839Q1ZI |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM8839Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is engaged in publishing daily news paper in Kannada by name “Udayavani” with editions from Manipal, Bengaluru, Hubli, Gulbarga, Davanagere and Mumbai, is a market leader in Coastal Karnataka and it has substantial circulation in Bengaluru and other centers. The Company also publishes magazines, Taranga (Leading Family Weekly Magazine), Roopatara (Leading Cinema Monthly Magazine), Tunturu (Illustrated Children’s Magazine) and Tushara (Monthly Digest). (Registered activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
74 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Manipal Media Network Limited (MMNL) was incorporated in 1948 in Manipal, Udipi, by the Manipal Group. MMNL is a newspaper publishing house. Its flagship newspaper is Kannada language Udayavani. Udayavani publishes editions in Manipal, Bengaluru, Hubli, Gulbarga, Davanagere and Mumbai.
In addition, it publishes magazines such as Taranga (a weekly family magazine), Roopatara (a monthly cinema magazine), Tunturu (an illustrated children’s magazine) and Tushara (a monthly digest). For the financial year ended 2017, the company has witnessed a growth in its revenue and has achieved good profit margin at 7.84% (approx.).
Trade relations are reported as fair. Business is active. Payment terms are seems to be regular and as per commitments.
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Long Term Rating = (BBB) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
October 2017 |
|
Rating Agency Name |
INDIA RATING |
|
Rating |
Short Term Rating = (A3+) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
October 2017 |
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
31-03-2016.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 05.04.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Harish |
|
Designation : |
Account Department |
|
Contact No.: |
91-820-2571149 |
|
Date : |
04.04.2018 |
LOCATIONS
|
Registered Office : |
New Udyavani Building. Tile Factory Road, Manipal, Udupi –
576104, Karnataka, India |
|
Tel. No.: |
91-820-2571149 / 71152 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Tonse Mohandas Pai |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.9 Ananth Nagar, Manipal – 576104, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.06.1933 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
BA,BL |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2011 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ACMPP4506A |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00104336 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Tonse Satish Upendra Pai |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.38 Ananth Nagar, Manipal – 576104, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.11.1941 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
SSLC |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.07.2010 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00104361 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Tonse Ashok Pai |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
14a Ananth Nagar, Manipal – 576104, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1948 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
BE |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.01.1975 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00104379 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Perdoor Vaman Mallya |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
D63c Ananth Nagar, II Stage, Manipal – 576104, Karnataka,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.09.2012 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00120272 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Madhav Das Nalpat |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
U26c/8 DLF Qutab Enclave, Phase III, Gurugram - 122002, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.08.2000 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00128194 |
||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Martandavarma Sankaran Valiathan |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
219-A Ashima Kutir, 11th Cross, Dasharath Nagar, Manipal –
576104, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
03.04.2002 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00128212 |
||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ramdas Madhava Pai |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Geetanjali, Upendra Nagar, Manipal - 576119, Karnataka,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
14.08.1973 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00204145 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Harish |
|
Designation : |
Account Department |
|
|
|
|
Name : |
Ms. Divya Agarwal |
|
Designation : |
Company Secretary |
|
Address : |
A-09, Lakshmipuram Yerwada, Pune – 411015, Maharashtra,
India |
|
Date of Appointment : |
21.12.2015 |
|
PAN No.: |
ALFPA1598P |
|
|
|
|
Name : |
Mr. Sudharshan Sherigar Hiriyadka |
|
Designation : |
Chief Finance Officer |
|
Address : |
5-17E5, Sanjana Hanuman Garage Road, Bailoor Udupi –
576101, Karnataka, India |
|
Date of Appointment : |
08.07.2015 |
|
PAN No.: |
AAYPH1354E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Equity Shareholders |
|
No. of Shares |
|
Tonse Mohandas Pai |
|
366495 |
|
Ramdas Madhava Pai |
|
370533 |
|
Tonse Ashok Pai |
|
3853529 |
|
Sharath Investment Private Limited |
|
3586746 |
|
Shivally Investment Company Private Limited |
|
4446380 |
|
Asha S. Pai |
|
55580 |
|
Tridevita Family Trust-2017 |
|
15370737 |
|
Total |
|
28050000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
T.M.A. Pai |
|
36650 |
|
T. Satish U. Pai |
|
1412978 |
|
Ramdas M. Pal |
|
37053 |
|
T. Ashok Pai |
|
385353 |
|
T. Gautam Pai |
|
124095 |
|
Sharath Investment Private Limited |
|
358675 |
|
Asha S. Pai |
|
5558 |
|
Total |
|
2360362 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
16.56 |
|
Promoter - Bodies
corporate |
28.64 |
|
Promoter – Others Tridevita Family Trust -
2017 |
54.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in publishing daily news paper in Kannada by name “Udayavani” with editions from Manipal, Bengaluru, Hubli, Gulbarga, Davanagere and Mumbai, is a market leader in Coastal Karnataka and it has substantial circulation in Bengaluru and other centers. The Company also publishes magazines, Taranga (Leading Family Weekly Magazine), Roopatara (Leading Cinema Monthly Magazine), Tunturu (Illustrated Children’s Magazine) and Tushara (Monthly Digest). (Registered activity and also Confirmed by management) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Countries : |
Gulf Countries |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
News Prints |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Cheque |
||||
|
|
|
||||
|
Purchasing : |
L/C and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
74 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Sriramulu Naidu and Company Chartered Accountants |
|
Address : |
13-12-1394/51 Rama Bhavan Complex, Kodialbail Mangaluru – 575003, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAOFS3877R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
U22219KA2000PLC026222
U92190KA2010PTC053930
U92100KA2011PLC061061
U22219KA1973PTC002395 |
|
|
|
|
Subsidiary company: |
U72200KA2000PLC027929
U40108KA2011PLC056610
U74140KA2008PTC046520
U92100KA2011PLC061061 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
INR 2/- each |
INR 200.000 Million |
|
5000000 |
Preference Shares |
INR 10/- each |
INR 50.000 Million |
|
|
Total |
|
INR 250.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28050000 |
Equity Shares |
INR 2/- each |
INR 56.100
Million |
|
2360362 |
Preference Shares |
INR 10/- each |
INR 23.604 Million |
|
|
Total |
|
INR 79.704
Million |
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
79.704 |
84.150 |
84.150 |
|
(b) Reserves and Surplus |
456.827 |
355.045 |
277.382 |
|
(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) |
536.531 |
439.195 |
361.532 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
29.465 |
53.757 |
92.377 |
|
(b) Deferred tax liabilities (Net) |
53.200 |
51.990 |
47.643 |
|
(c) Other long-term
liabilities |
154.560 |
136.714 |
112.737 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
237.225 |
242.461 |
252.757 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
151.879 |
323.141 |
281.143 |
|
(b) Trade
payables |
116.234 |
74.296 |
61.667 |
|
(c) Other
current liabilities |
143.460 |
138.383 |
122.843 |
|
(d) Short-term
provisions |
13.362 |
7.421 |
0.186 |
|
Total Current
Liabilities (4) |
424.935 |
543.241 |
465.839 |
|
|
|
|
|
|
TOTAL |
1198.691 |
1224.897 |
1080.128 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
330.254 |
332.997 |
337.115 |
|
(ii)
Intangible Assets |
8.849 |
5.489 |
4.083 |
|
(iii) Tangible assets
capital work-in-progress |
0.125 |
6.001 |
6.600 |
|
(iv)
Intangible assets under development |
0.207 |
2.701 |
1.625 |
|
(b) Non-current Investments |
176.118 |
153.125 |
106.773 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
114.789 |
176.943 |
140.365 |
|
(e) Other
Non-current assets |
0.000 |
0.014 |
0.285 |
|
Total Non-Current
Assets |
630.342 |
677.270 |
596.846 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
6.018 |
0.946 |
1.897 |
|
(b)
Inventories |
79.513 |
102.426 |
136.635 |
|
(c) Trade
receivables |
334.167 |
297.040 |
280.508 |
|
(d) Cash and
bank balances |
21.307 |
32.162 |
4.606 |
|
(e)
Short-term loans and advances |
126.728 |
114.518 |
57.752 |
|
(f) Other
current assets |
0.616 |
0.535 |
1.884 |
|
Total
Current Assets |
568.349 |
547.627 |
483.282 |
|
|
|
|
|
|
TOTAL |
1198.691 |
1224.897 |
1080.128 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1301.218 |
1257.366 |
1191.188 |
|
|
Other Income |
38.528 |
17.145 |
20.405 |
|
|
TOTAL |
1339.746 |
1274.511 |
1211.593 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
452.239 |
448.002 |
477.071 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.012 |
0.142 |
0.042 |
|
|
Employee benefit expense |
70.363 |
58.134 |
78.733 |
|
|
Other expenses |
593.640 |
560.978 |
484.886 |
|
|
Exceptional items before tax |
(5.405) |
8.770 |
4.491 |
|
|
TOTAL |
1110.849 |
1076.026 |
1045.223 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
228.897 |
198.485 |
166.370 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
43.575 |
46.344 |
53.690 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
185.322 |
152.141 |
112.680 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
25.955 |
24.598 |
37.033 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
159.367 |
127.543 |
75.647 |
|
|
|
|
|
|
|
Less |
TAX |
57.255 |
49.550 |
27.919 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
102.112 |
77.993 |
47.728 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
291.092 |
213.099 |
165.371 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
393.204 |
291.092 |
213.099 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.64 |
2.78 |
1.55 |
Expected Sales (2017-2018) : INR 1400.000 Million
The above information has been parted by Mr. Harish (Account Department)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
25.612 |
38.278 |
45.845 |
|
Net cash flows from (used in) operations |
178.706 |
195.034 |
168.254 |
|
Net cash flows from (used in) operating activities |
177.479 |
206.387 |
169.641 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
93.74 |
86.23 |
85.95 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.89 |
4.23 |
4.25 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
93.81 |
60.53 |
47.18 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.88 |
1.94 |
1.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.67 |
0.57 |
0.48 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.40 |
0.52 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.39 |
0.95 |
1.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.79 |
1.24 |
1.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.63 |
0.79 |
0.97 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.25 |
4.28 |
3.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.85 |
6.20 |
4.01 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.52 |
6.37 |
4.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.03 |
17.76 |
13.20 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.34 |
1.01 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.15 |
0.82 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.45 |
0.36 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.60 |
4.93 |
4.98 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.34 |
1.01 |
1.04 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
84.150 |
84.150 |
79.704 |
|
Reserves & Surplus |
277.382 |
355.045 |
456.827 |
|
Net
worth |
361.532 |
439.195 |
536.531 |
|
|
|
|
|
|
Long-term borrowings |
92.377 |
53.757 |
29.465 |
|
Short term borrowings |
281.143 |
323.141 |
151.879 |
|
Current maturities of
long-term debts |
45.845 |
38.278 |
25.612 |
|
Total
borrowings |
419.365 |
415.176 |
206.956 |
|
Debt/Equity
ratio |
1.160 |
0.945 |
0.386 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1191.188 |
1257.366 |
1301.218 |
|
|
0.000 |
5.556 |
3.488 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1191.188 |
1257.366 |
1301.218 |
|
Profit/ (Loss) |
47.728 |
77.993 |
102.112 |
|
|
4.01
% |
6.20
% |
7.85
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
79.704 |
84.150 |
|
(b) Reserves and Surplus |
|
1484.315 |
1325.631 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1564.019 |
1409.781 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
29.772 |
54.165 |
|
(b) Deferred tax liabilities (Net) |
|
35.038 |
33.996 |
|
(c) Other long-term
liabilities |
|
154.560 |
129.153 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
219.370 |
217.314 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
250.562 |
419.659 |
|
(b) Trade
payables |
|
143.514 |
90.260 |
|
(c) Other
current liabilities |
|
159.955 |
147.712 |
|
(d) Short-term
provisions |
|
13.362 |
2.619 |
|
Total Current
Liabilities (4) |
|
567.393 |
660.250 |
|
|
|
|
|
|
TOTAL |
|
2350.782 |
2287.345 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
332.832 |
336.051 |
|
(ii)
Intangible Assets |
|
14.275 |
13.777 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.207 |
2.701 |
|
(iv)
Intangible assets under development |
|
0.125 |
6.001 |
|
(b) Non-current Investments |
|
1170.663 |
1088.728 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
34.492 |
167.033 |
|
(e) Other
Non-current assets |
|
0.000 |
0.465 |
|
Total Non-Current
Assets |
|
1552.594 |
1614.756 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
6.018 |
0.946 |
|
(b)
Inventories |
|
136.678 |
160.376 |
|
(c) Trade receivables |
|
493.704 |
336.671 |
|
(d) Cash and
bank balances |
|
47.213 |
50.005 |
|
(e)
Short-term loans and advances |
|
106.303 |
116.115 |
|
(f) Other
current assets |
|
8.272 |
8.476 |
|
Total
Current Assets |
|
798.188 |
672.589 |
|
|
|
|
|
|
TOTAL |
|
2350.782 |
2287.345 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1606.448 |
1340.030 |
|
|
Other Income |
|
35.502 |
17.064 |
|
|
TOTAL |
|
1641.950 |
1357.094 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
611.142 |
498.457 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
0.796 |
(41.956) |
|
|
Employee benefit expense |
|
95.270 |
75.197 |
|
|
Other expenses |
|
691.012 |
617.247 |
|
|
Exceptional items before tax |
|
(5.405) |
28.993 |
|
|
TOTAL |
|
1392.815 |
1177.938 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
249.135 |
179.156 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
62.448 |
57.109 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
186.687 |
122.047 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
29.528 |
28.067 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
157.159 |
93.980 |
|
|
|
|
|
|
|
Less |
TAX |
|
57.088 |
40.605 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
100.071 |
53.375 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
3.29 |
1.73 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
Manipal Media Network Limited ('the Company'), formerly known as “Manipal Printers and Publishers Private Ltd”, was promoted by Manipal Group, and was incorporated at Manipal, Udupi in the year 1948. The Company has four subsidiaries namely, Manipal ACE Event Management Co. Pvt. LImited., Manipal Digital Network Limited, Manipal Broadcast Network Limited and Manipal Energy & Infratech Limited. Manipal Group a diversified multi-business conglomerate head quartered at Manipal, Udupi District, Karnataka.
The Company is engaged in publishing daily news paper in Kannada by name “Udayavani” with editions from Manipal, Bengaluru, Hubli, Gulbarga, Davanagere and Mumbai, is a market leader in Coastal Karnataka and it has substantial circulation in Bengaluru and other centers. The Company also publishes magazines, Taranga (Leading Family Weekly Magazine), Roopatara (Leading Cinema Monthly Magazine), Tunturu (Illustrated Children’s Magazine) and Tushara (Monthly Digest).
OPERATIONS AND FUTURE
PROSPECTS: ONS AND FUTURE PROSPECTS:
The company has recorded Standalone Sales Turnover of INR 1301.218 Million during the year as against INR 1257.366 Million achieved during the previous year and recorded profit of INR 102.112 as against INR 77.993 of the previous year.
Manipal Energy and Infratech Limited: The Company has recorded turnover of INR 302.373 Million during the Financial Year under report as against INR 77.028 Million achieved during the previous year.
Manipal Broadcast Network Limited: There were no operations during the year. The Directors are putting all possible efforts to improve the operational efficiency and effectiveness in all fronts so as to achieve better results by the end of the current Financial Year
Manipal Digital Network Limited: The Company has recorded turnover of INR 6.893 Million during the Financial Year under report as against INR 8.102 Million achieved during the previous year.
Manipal Ace Event Management Company Private Limited: There were no operations during the year. However, the expenditure of the Company has reduced to INR 0.069 Million as compared to INR 0.468 Million in the previous year due to which the loss has reduced to INR 0.009 Million during the year.
The Directors are putting all possible efforts to improve the operational efficiency and effectiveness in all fronts so as to achieve better results by the end of the current Financial Year.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G60414018 |
100131681 |
Abhyudaya Co-Operative Bank Limited |
06/10/2017 |
- |
- |
150000000.0 |
Administrative Office- K. K.Tower, Abhyudaya BankLane,Off G. D. Ambekar Marg, Parel Village, Parel,MumbaiMH400012IN |
|
2 |
G48640627 |
100110420 |
THE FEDERAL BANK LTD |
29/06/2017 |
- |
- |
100000000.0 |
Emerald TowerM G RoadKasargoduKL671212IN |
|
3 |
G43095355 |
100095408 |
THE FEDERAL BANK LTD |
12/04/2017 |
- |
- |
150000000.0 |
MANASA TOWERS, PVS JUNCTIONM. G. ROADMANGALOREKA575003IN |
|
4 |
G13536198 |
100052883 |
HDFC BANK LIMITED |
09/09/2016 |
- |
- |
1345000.0 |
HDFC Bank House, Senapati Bapat MargLower Parel (West)MumbaiMH400013IN |
|
5 |
C22849889 |
10522300 |
Syndicate Bank |
05/09/2014 |
- |
- |
430000000.0 |
MANIPAL BRANCHMANIPALKA576104IN |
|
6 |
B86293867 |
10452186 |
Abhyudaya Co-Operative Bank Limited |
31/08/2013 |
- |
- |
50000000.0 |
Administrative Office, K. K. Tower, Abhyudaya BankLane, Off. G. D. Ambekar Marg, Parel Village,MumbaiMH400012IN |
|
7 |
B85885655 |
10451386 |
Abhyudaya Co-Operative Bank Limited |
29/08/2013 |
- |
- |
50000000.0 |
Administrative Office, K. K. Tower, Abhyudaya BankLane, Off. G. D. Ambekar Marg, Parel Village,MumbaiMH400012IN |
|
8 |
G58112459 |
10381901 |
Abhyudaya Co-Operative Bank Limited |
12/10/2012 |
26/09/2017 |
- |
126000000.0 |
UDUPI BRANCHUDUPIKA576102IN |
|
9 |
B09026527 |
10275214 |
SYNDICATE BANK |
01/03/2011 |
- |
- |
40000000.0 |
MANIPAL BRANCHMANIPALKA576104IN |
|
10 |
G69727550 |
100048227 |
VISTRA ITCL (INDIA) LIMITED |
01/08/2016 |
- |
08/12/2017 |
2035000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory building
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
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 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
|
INR |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.45 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.