|
|
|
MIRA INFORM REPORT
|
Report No. : |
502078 |
|
Report Date : |
07.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
METROPOLITAN MEDIA COMPANY LIMITED [w.e.f. 25.10.2011] |
|
|
|
|
Formerly known
as : |
METROPOLITAN MEDIA COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 40, Jaya Sai Towers, Sajjan Rao Road, V.V. Puram,
Bangalore – 560004, Karnataka, India |
|
Tel. No.: |
91-80-40877536 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
12.09.2006 |
|
|
|
|
Com. Reg. No.: |
08-062825 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 255.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121KA2006PLC062825 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM7899Q |
|
|
|
|
TIN No.: |
29701171581 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AAECM7899Q1Z4 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Publishing of Newspapers [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Maximum Credit Limit : |
USD 10065000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is
a subsidiary of “Bennett Coleman and Co. Ltd” and it was incorporated in the
year 2006. It is
engaged in publishing of newspapers, books and periodicals etc. As per
Registrar of Companies, the date of filling its financials is shown as
31.03.2017 but documents related to the financials of 31.03.2017 are not
available from other sources. As per
available financials of March 2016, the company has registered a growth of
7.58% in its revenue as compared to its previous year’s revenue and has
reported goof profit margin of 18.49% under review. Rating
takes into consideration the company’s satisfactory track record of business
operations marked by healthy net worth base along with debt free balance
sheet and good liquidity position. Rating
also takes into account the strong financial and managerial support received
from its holding entity and well experienced management team. Further,
the company has reported a good Earnings Per Share of INR 19.57 against its
face value of INR 10. Payments
seems to be regular as per commitments. In view
of aforesaid, the company can be considered good for business dealings at
normal 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
|
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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
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 07.04.2018
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 DECLINED BY
|
Name : |
Mr. Manjunath |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9880076396/ 80-40877536 |
|
Date : |
04.04.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
No. 40, Jaya Sai Towers, Sajjan Rao Road, V.V. Puram,
Bangalore – 560004, Karnataka, India |
|
Tel. No.: |
91-80-40877536/ 40877555 |
|
Mobile No.: |
91-9880076396 [Mr. Manjunath] |
|
Fax No.: |
91-80-40877566/ 599 |
|
E-Mail : |
|
|
|
|
|
Editorial Office : |
#4, KSCCF Compound, Pampa Mahakavi Road, Chamarajpet,
Bangalore – 560018, Karnataka, India |
|
Tel. No.: |
91-80-40877666 |
|
Fax No.: |
91-80-40877695/ 696 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Nagarajan Lakshmi Narayanan |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
3779,13th B Main, Hal Ii Stage, Indiranagar, Bangalore-560008, Karnataka, India |
||||||||||||||||
|
Date of Appointment : |
13.05.2016 |
||||||||||||||||
|
DIN No.: |
01455130 |
||||||||||||||||
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Raj Kumar Jain |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
AR 511 B, The Aralias, Golf Course Road, DLF City, Phase 5, Gurgaon-122009 Haryana, India |
||||||||||||||||
|
Date of Appointment : |
13.05.2016 |
||||||||||||||||
|
DIN No.: |
01741527 |
||||||||||||||||
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Maya Menon |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
#G, 625 Sena Vihar, Kammanahalli Main Road, Kalyan Nagar Post, Bangalore-560043, Karnataka, India |
||||||||||||||||
|
Date of Appointment : |
13.05.2016 |
||||||||||||||||
|
DIN No.: |
03526711 |
||||||||||||||||
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Ranjeet Bhausaheb Kate |
||||||||||||||||
|
Designation : |
Wholetime Director |
||||||||||||||||
|
Address : |
503, Windcliff First Road TPS 4, Off Waterfield Road, Bandra West, Mumbai-400050, Maharashtra, India |
||||||||||||||||
|
Date of Appointment : |
01.04.2016 |
||||||||||||||||
|
DIN No.: |
06654300 |
||||||||||||||||
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Srivathsan Narasimhan Kumbakonam |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. C 601, 6th Floor, Jay Balaji CHS Ltd, Plot No. 26, Sector 6, Nerul Navi Mumbai-400706, Maharashtra, India |
|
Date of Birth/Age : |
05.10.1964 |
|
Qualification : |
ACA, ACS |
|
Date of Appointment : |
02.04.2014 |
|
PAN No.: |
AAVPS8335B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Bennett Coleman and Co. Limited [BCCL], India |
|
25589904 |
|
Sanjeev Purushotham [BCCL Nominee] |
|
21 |
|
Kaladevi S [BCCL Nominee] |
|
21 |
|
Vishwadutta Ramanna [BCCL Nominee] |
|
21 |
|
Prakasan R J [BCCL Nominee] |
|
11 |
|
Ramesh G S [BCCL Nominee] |
|
11 |
|
Chandrasekar A [BCCL Nominee] |
|
11 |
|
|
|
|
|
Total |
|
25590000 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Publishing of Newspapers [Registered Activity] |
||||||
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|
||||||
|
Products : |
|
||||||
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|
|
||||||
|
Brand Names : |
“Vijay Karnataka” |
||||||
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|
||||||
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Agencies Held : |
Not Divulged |
||||||
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|
|
||||||
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Exports : |
Not Divulged |
||||||
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|
|
||||||
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Imports : |
Not Divulged |
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|
|
||||||
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Terms : |
|
||||||
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Selling : |
Not Divulged |
||||||
|
|
|
||||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||
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Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Lodha and Company Chartered Accountants |
|
Address : |
Guru
Kirpa Niwas, Ground Floor, No. 20/7 , Lalithapuram Street, Opposite Sree
Goudiya, Mutt, Royapetah, Chennai-600014, Tamilnadu, India |
|
PAN No.: |
AABFL1894Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
Bennett Coleman And Company Limited
[U22120MH1913PLC000391] |
|
|
|
|
Fellow Subsidiary
companies: |
· Brand Equity Treaties Limited [U74300MH2008PLC184669] · Entertainment Network (India) Limited [L92140MH1999PLC120516] · Times Internet Limited [U74999DL1999PLC135531] · Worldwide Media Private Limited [U22120MH2003PTC142239] · Bennett Property Holdings Company Limited [U70102MH2010PLC211087] |
|
|
|
|
Joint Venture |
Aegon Religare Life Insurance Company Ltd. |
|
|
|
|
Associate
companies: |
· Banhem Estates and It Parks Limited [U65990MH1983PLC029209] · Arya Foods and Packaging Private Limited · Brand Storm India Marketing Private Limited · Daiki Brands Private Limited · Jumboten Marketplace India Private Limited · Kalpaveda Essential Ayurveda Private Limited · Lifespan Wellness Private Limited · Lifezen Healthcare Private Limited · M N & C Supply Links Retail India Private Limited · Narang Buzz Services Private Limited · Provogue Personal Care Private Limited · Skillsdox India Private Limited · Think Ink Media Private Limited · TimesofMoney Ltd. (Upto 17.12.2015) · VIVO Healthcare Private Limited |
|
|
|
|
Subsidiary
companies |
· Akuate Internet Services Private Limited · Alternate Brand Solutions (India) Ltd · Amrita Estates Private Limited · Ananta Properties Private Limited · BCCL International Events Private Limited. · BCCL Worldwide Inc · Bennett Broadcasting & Distribution Services Ltd. (“BBDSL”) · Bennett Institute of Higher Education (“BIHE”) · Brand Equity Treaties Limited · Brand Incubator Limited · Centre for Excellence in Management Training & Development ("CEMTD") · Coupondunia Media Private Limited · Dharmayug Investments Limited · Digismart Digital Media Private Limited · Digital Classifieds Limited · Entertainment Network (India) Limited (“ENIL”) · Gamma Gaana Ltd. (formerly Times Deals Ltd.) · Grade stack learning Private Limited · Moneygoals Solutions Limited · Speaking Tree Properties Limited · TIM Delhi Airport Advertising Private Limited · Times Box TV Media PTE Limited · Times Centre for Learning Limited · Times City Limited · Times Conferences Limited · Times Content Limited · Times Digital Limited · Times Global Broadcasting Company Ltd. (“TGBCL”) · Times Guaranty Limited · Times Infotainment Media Limited · Times Innovative Media Limited · Times Internet (UK) Ltd., UK · Times Internet Inc., USA · Times Internet Limited · Times Jobs Limited · Times Journal India Limited · Junglee Pictures Limited (Earlier known as “Light Feather Films Ltd.”) · Locovida Digital Solutions Private Limited · Magic Bricks Realty Services Limited · Media Network & Distribution (India) Limited (“MNDIL”) · Mind Games Shows Private Limited · Mirchi Movies (India) Limited · Times Sports Content Inc · TIML Global Limited · Vardhaman Publishers Limited · Viralcraft Digital Media Private Limited · Worldwide Media Private Limited ·
Zoom Entertainment Network Limited |
|
|
|
|
Enterprises owned and having significant influence
by Key Managerial Personnel under Same Management ("ESM") |
· 21st Century Constructions Limited · Aadidev Properties Limited · Anagha Estates Limited · Artha Real Estate Corporation Limited · Ativeer Properties Limited · Banhem Estates and IT Parks Limited · Bennett Property Holdings Company Limited (“BPHCL”) · Cyber Space Infotainment Limited · Nandeeshwar Properties Limited · Rajdhani Printers Limited · Shubhan Properties Limited · Suryashankar Properties Limited · Sushena Properties Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27000000 |
Equity Shares |
INR 10/- each |
INR 270.000 Million |
|
3000000 |
Preference Shares |
INR 100/- each |
INR 300.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 570.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25590000 |
Equity Shares |
INR 10/- each |
INR 255.900
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
255.900 |
255.900 |
255.900 |
|
(b) Reserves and Surplus |
3267.093 |
2766.340 |
2360.228 |
|
(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) |
3522.993 |
3022.240 |
2616.128 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.844 |
14.129 |
13.930 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
11.368 |
10.180 |
10.952 |
|
Total Non-current
Liabilities (3) |
15.212 |
24.309 |
24.882 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
214.641 |
158.105 |
198.689 |
|
(c) Other current
liabilities |
122.057 |
111.728 |
115.083 |
|
(d) Short-term
provisions |
6.200 |
4.326 |
0.788 |
|
Total Current
Liabilities (4) |
342.898 |
274.159 |
314.560 |
|
|
|
|
|
|
TOTAL |
3881.103 |
3320.708 |
2955.570 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
342.987 |
390.989 |
245.240 |
|
(ii)
Intangible Assets |
0.121 |
1.246 |
2.905 |
|
(iii) Tangible assets
capital work-in-progress |
1.178 |
18.731 |
19.658 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1958.744 |
1883.085 |
295.700 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
191.853 |
165.631 |
201.995 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2494.883 |
2459.682 |
765.498 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
712.087 |
195.193 |
1181.693 |
|
(b)
Inventories |
219.619 |
205.931 |
131.328 |
|
(c) Trade
receivables |
337.155 |
342.311 |
785.127 |
|
(d) Cash and
bank balances |
107.320 |
110.313 |
89.320 |
|
(e)
Short-term loans and advances |
10.038 |
7.269 |
2.271 |
|
(f) Other
current assets |
0.001 |
0.009 |
0.333 |
|
Total Current
Assets |
1386.220 |
861.026 |
2190.072 |
|
|
|
|
|
|
TOTAL |
3881.103 |
3320.708 |
2955.570 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2708.815 |
2518.078 |
2421.964 |
|
|
Other Income |
51.971 |
112.318 |
74.888 |
|
|
TOTAL |
2760.786 |
2630.396 |
2496.852 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1195.321 |
1240.973 |
987.283 |
|
|
Employee benefit expense |
402.349 |
377.502 |
361.657 |
|
|
CSR expenditure |
20.415 |
0.000 |
0.000 |
|
|
Other expenses |
328.496 |
336.044 |
469.161 |
|
|
TOTAL |
1946.581 |
1954.519 |
1818.101 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
814.205 |
675.877 |
678.751 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.244 |
5.931 |
5.206 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
808.961 |
669.946 |
673.545 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
55.331 |
58.247 |
42.950 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
753.630 |
611.699 |
630.595 |
|
|
|
|
|
|
|
Less |
TAX |
252.878 |
189.945 |
173.330 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
500.752 |
421.754 |
457.265 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
396.958 |
286.121 |
286.121 |
|
|
TOTAL IMPORTS |
396.958 |
286.121 |
286.121 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
19.57 |
16.48 |
17.87 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
799.924 |
894.105 |
231.386 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
533.624 |
743.890 |
100.111 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
45.43 |
49.62 |
118.32 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.03 |
7.36 |
3.08 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
65.54 |
46.50 |
73.46 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.71 |
3.28 |
5.17 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.36 |
1.64 |
2.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.09 |
0.08 |
0.11 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.10 |
0.09 |
0.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.10 |
0.14 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
155.26 |
113.96 |
130.38 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
18.49 |
16.75 |
18.88 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.90 |
12.70 |
15.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.21 |
13.96 |
17.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.04 |
3.14 |
6.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.40 |
2.39 |
6.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.91 |
0.91 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.04 |
3.14 |
6.96 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
255.900 |
255.900 |
255.900 |
|
Reserves & Surplus |
2360.228 |
2766.340 |
3267.093 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2616.128 |
3022.240 |
3522.993 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2421.964 |
2518.078 |
2708.815 |
|
|
|
3.968 |
7.575 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
2421.964 |
2518.078 |
2708.815 |
|
Profit/ (Loss) |
457.265 |
421.754 |
500.752 |
|
|
18.88
% |
16.75
% |
18.49
% |
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 |
No |
|
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 |
No |
|
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 |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
B60027240 |
90195734 |
THE SARASWAT CO - OPERATIVE BANK LTD. |
06/11/2003 |
15/10/2005 |
03/10/2012 |
70000000.0 |
DIVATE COMPLEXCLUB ROADHUBLIKA580029IN |
|
2 |
A73533549 |
10033349 |
BNP PARIBAS |
22/12/2006 |
- |
24/11/2009 |
160000000.0 |
LANDMARK BUILDING, 3RD FLOOR,21/15, M.G.ROAD,BANGALOREKA560001IN |
|
3 |
A31004690 |
10083098 |
SRI BASAVESHWARA SAHAKARI BANK |
19/04/2006 |
- |
31/01/2008 |
20000000.0 |
MAIN MARKETBAGALKOTKA587101IN |
|
4 |
A27198191 |
90195746 |
CANARA BANK |
01/12/2003 |
- |
30/11/2007 |
1914000.0 |
TRAFFIC ISLANDHUBLIKA580029IN |
|
5 |
A18733527 |
90189600 |
MALAPRABHA GRAMEEN BANK |
08/05/2004 |
- |
23/07/2007 |
18500000.0 |
HUBLI MAIN BRANCHHUBLIKAIN |
|
6 |
A18733675 |
90189593 |
MALAPRABHA GRAMEEN BANK |
05/01/2004 |
- |
23/07/2007 |
6901676.0 |
HUBLI MAIN BRANCHHUBLIKAIN |
|
7 |
A17178401 |
80031105 |
SUNDARAM FINANCE LIMITED |
31/08/2005 |
- |
11/06/2007 |
358000.0 |
NO.21, PATULLOS ROAD,CHENNAITN600002IN |
|
8 |
A14846315 |
10002395 |
SUNDARAM FINANCE LTD |
14/03/2006 |
- |
15/05/2007 |
358000.0 |
21 PATULLOS ROADCHENNAITN600002IN |
|
9 |
A12564522 |
90195709 |
CANARA BANK |
30/07/2003 |
- |
16/03/2007 |
975000.0 |
KALAS PALAYAM BRANCHBANGALOREKAIN |
|
10 |
A08678195 |
80018644 |
THE SARASWAT CO OPERATIVE BANK LIMITED |
15/10/2005 |
- |
15/12/2006 |
16000000.0 |
DIVATE COMPLEXCLUB ROADHUBLIKA580029IN |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Other money for which company is contingently liable |
54.713 |
59.469 |
|
Estimated amount of contracts remaining to be
executed on capital account and not provided for |
86.912 |
0.559 |
|
Other commitments |
37.962 |
38.034 |
CORPORATE INFORMATION
Subject, [hereinafter called ‘the Company’] was registered under the provisions of the Indian Companies Act, 1956 vide Certificate of Incorporation dated 12th September, 2006 and having its Registered Office in the State of Karnataka. The Corporate Identification Number is U22121KA2006PLC062825. The address of the Registered Office is No. 17, 9th Floor, Du Parc Trinity, M. G. Road, Bangalore – 560 001, Karnataka and address of the Corporate Office is No. 40, Jaya Sai Towers, Sajjan Rao Road, V.V.Puram, Bangalore – 560 004. The Company is primarily engaged in the business of publication of newspapers. The Company publishes Vijay Karnataka, Vijaya Next & Bodhi Vruksha publications in Kannada and also holds the title, “Metro Now”, an English publication.
OPERATIONS AND PERFORMANCE
RESPONSE
The Company has been
focusing on constantly increasing ad revenue, offers to advertisers the right
environment to target an ad relevant audience and maximize value.
Response revenues have
grown by 9.79 % over previous year. Increased spends by major verticals like E-
Business, Auto, Retail Health care and Pharma , Consumer Soft, Education, BFSI,
Classifieds, Retail, Airlines, Media & Entertainment, Interior Décor,
Obit/Personal has helped in overall growth over PY.
Vijay Karnataka is
perceived to be the leader for Karnataka market and commands highest yield.
While the Kannada ad market is highly competitive with 4 -5 players, VK has
strengthened its salience in 2015-16.
MARKETING & BRAND
Vijay Karnataka grew to
6.82 Lakh copies in ABC during July-December 2015. Over past year, VK initiated
several exciting programmes for readers – VK Navrang created a storm in the
state and attracted humongous response from Kannadiga Women. Several social and
spiritual occasions were leveraged e.g Sree Raghavendra Swamy Aradhana, Maha
Shivratri, Basava Jayanthi etc.
Vijay Karnataka has been on
a continued efforts to retain & engage existing audiences & attract
newer audiences through exciting editorial contests and reader connect
activities.
The bouquet of supplements
from Vijay Karnataka also helps enhance connect with Kannadigas - with Laval
VK, a lifestyle & entertainment special and Nammas - the hyper local
supplement.
Launch of the VK-Mini has
helped establish VK in the minds of the youth between 17 and 24 as the paper
that encapsulates job news & the current affairs in a concise manner.
Bodhi Vruksha, a cover
priced 8 pager spiritual weekly, has gained wide acceptance across Karnataka
and is now perceived as a value addition to VK.
RMD SALES
They have focused on the
following areas to sustain circulation:
Continued thrust on Reader
Relations Activity through consent from readers across Karnataka VK NiE – peak
circulation of ninety thousand copies. Associating Vijay Karnataka with various
social and cultural events
·
Tie up with over 950 events
·
Tie up with cultural, religious & social
events, including Residents Welfare Association.
·
Taluka level participation
·
Higher reader engagement & bonding
·
Local Mutts & residents welfare association
activity tie ups.
During the year, they
launched a one rupee 8 page tabloid, VK-Mini to target 18 – 25 age group for
their job opportunities etc. This was launched during March 2016 across
Karnataka, except for the city of Bangalore. The strategy of soaking the
product in weaker markets and not soaking in the stronger markets helped the
product to get to a current level of 80000 copies paid.
Trade push schemes
were launched in two phases in July 2015 and in December 2015
Collection - Payment
incentive / penalty & creation of virtual account in banking platform account
helped speeding up collections from customers.
Production
·
Mangalore Cityline Project completed in record time
5 weeks against 9 weeks
·
Installation of in-house gluing system and
stabilization of power for Mangalore press
·
Gulbarga new location – inhouse installation
without downtime
Upgradations:
·
Mysore Mailroom equipment
·
CtP switchover from 710 mm to 700 mm resulted in
cost savings
·
Optimising print schedule across plants
·
Innovations – 1555 gluing innovations
·
A4 SNP stapleless booklet made in-house
·
Printer by day publisher by night. ? 1.3 cr
realization.
FIXED ASSETS:
· Land
· Buildings
· Factory building
· Plant and equipment
· Furniture and fixtures
· 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, 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
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
UK Pound |
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
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 |
NO |
|
--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.