|
|
|
MIRA INFORM REPORT
|
Report No. : |
486873 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
LOK PRAKASHAN LIMITED |
|
|
|
|
Registered
Office : |
Gujarat Samachar Bhavan, Khanpur, Ahmedabad-380001,
Gujarat |
|
Tel. No.: |
91-79-25511001 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
21.09.1940 |
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|
|
|
Com. Reg. No.: |
04-000151 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.594 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22190GJ1940PLC000151 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHML00258G |
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GSTIN : |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACL2742F |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Publication of Newspaper and Periodicals. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
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|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Lok Prakashan Limited is engaged in providing media publishing services. It publishes News Paper Guajarati daily Gujarat Samachar. The company was incorporated in 1940 and is based in Ahmedabad, Gujarat. It is well-established and reputed company having satisfactory track. Management has failed to file its financials with Registrar of companies after FY 2016. As per Registrar of Companies the date of balance sheet (i.e, financial filed) is shown as 31.03.2015 but the document related to the financial for the year 2015 are not available from any sources. As per available financial of 2014, the revenue of the company has increased by 7.51% along with fair profit margin of 21.96%. The sound financial profile of the company is marked by healthy networth base along with strong debt coverage indicators due to debt free balance sheet profile. The company has decent earning per share (EPS) of INR. 29338 against the face value (FV) of INR 200. The rating also takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters. However, rating is constrained on account of absence of latest financials. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 18.01.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-79-25511001 / 25508001 / 3
Tel. No.: 91-79-25508002 / 22304010 – Not Exist
Tel. No.: 91-79-25504060 / 25508004 – Not Working
LOCATIONS
|
Registered Office/ Factory : |
Gujarat Samachar Bhavan, Khanpur, Ahmedabad – 380001,
Gujarat, India |
|
Tel. No.: |
91-79-22304010/ 25508001/ 2/ 3/ 4/ 25504060 / 25511001 |
|
Fax No.: |
91-79-25502000/ 25504040 |
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E-Mail : |
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Website : |
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Distributes
Editions: |
Located at
|
|
|
|
|
Printing Press : |
Located at: · Khanpur – Ahmedabad · Ring Road – Surat ·
Lower Parel – Mumbai, Maharashtra, India |
|
|
|
|
Branch Office : |
Located at: · Vadodara · Surat ·
· Bhavnagar ·
Mumbai ·
·
Kolkata ·
Chennai ·
Hyderabad ·
Pune ·
Bangalore ·
Nagpur |
|
|
|
|
Overseas Office : |
3, |
|
Tel. No.: |
(732)-226-0263/
452-1755 |
|
Fax No.: |
(732)-226-0264/
452-1756 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bahubali Shantilal Shah |
|
Designation : |
Managing Director |
|
Address : |
Nandi Hill, Unique Park Opposite Isro, Near Bhavnirzar Mandir, Satelit (East). Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
09.09.1951 |
|
Qualification : |
B. Com |
|
Experience : |
38 Years |
|
Date of Appointment : |
01.08.1980 |
|
PAN No.: |
AINPS8897E |
|
DIN No.: |
00347465 |
|
|
|
|
Name : |
Mrs. Smrutiben Shreyansbhai Shah |
|
Designation : |
Managing Director |
|
Address : |
31 Anand Nagar Society Paldi, Ahmedabad-380007, Gujarat, India |
|
Date of Birth/Age : |
10.06.1943 |
|
Qualification : |
B.A. |
|
Experience : |
46 Years |
|
Date of Appointment : |
31.03.1972 |
|
PAN No.: |
ACKPS9275P |
|
DIN No.: |
01320759 |
|
|
|
|
Name : |
Mr. Shrenik Arvindbhai Sheth |
|
Designation : |
Director |
|
Address : |
12-Amrakadamb Bunglows, Ramdev Nagar, Satellite, Ahmedabad-380015, Gujarat, India |
|
Date of Appointment : |
30.12.2015 |
|
DIN No.: |
02300138 |
|
|
|
|
Name : |
Mrs. Mukti Alias Usha Hiralal Majmudar |
|
Designation : |
Director |
|
Address : |
24, New Alkapuri Society Near Sachivalaya, Ahmedabad-380015, Gujarat, India |
|
Date of Appointment : |
30.12.2015 |
|
DIN No.: |
02569991 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.12.2015
SHAREHOLDERS DETAILS FILED ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.12.2015
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family - Indian) |
71.92 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
11.00 |
|
Public/Other than promoters (Body corporate) |
17.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Publication of Newspaper and Periodicals. (Registered Activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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|
Name : |
Sorab S. Engineer and Company Chartered Accountants |
|
Address : |
381, Ismail Building,
Dr. Naoroji Road, Fort, Mumbai – 400 001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS5191E |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives (AS ON 31.03.2014): |
|
CAPITAL STRUCTURE
As on 30.12.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 200/- each |
INR 2.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 200/- each |
INR 2.000 Million |
|
|
|
|
|
Subscribed & Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7969 |
Equity Shares |
INR 200/- each |
INR 1.594 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR 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 |
1.594 |
1.594 |
1.594 |
|
(b) Reserves & Surplus |
10162.589 |
9176.650 |
7997.055 |
|
(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 |
10164.183 |
9178.244 |
7998.649 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.380 |
6.870 |
6.360 |
|
Total
Non-current Liabilities |
7.380 |
6.870 |
6.360 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1128.923 |
544.921 |
608.359 |
|
(c) Other current liabilities |
327.070 |
293.990 |
272.983 |
|
(d) Short-term provisions |
113.060 |
67.804 |
62.322 |
|
Total
Current Liabilities |
1569.053 |
906.715 |
943.664 |
|
|
|
|
|
|
TOTAL |
11740.616 |
10091.829 |
8948.673 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
726.950 |
748.561 |
805.920 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
92.472 |
84.625 |
46.998 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6985.731 |
6616.417 |
4488.089 |
|
(c) Deferred tax assets (net) |
26.228 |
24.854 |
16.681 |
|
(d) Long-term Loan and Advances |
847.710 |
830.750 |
1060.643 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
8679.091 |
8305.207 |
6418.331 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1458.157 |
586.168 |
811.375 |
|
(c) Trade receivables |
1042.329 |
788.495 |
643.596 |
|
(d) Cash and cash equivalents |
466.912 |
247.405 |
977.003 |
|
(e) Short-term loans and
advances |
75.799 |
152.630 |
74.226 |
|
(f) Other current assets |
18.328 |
11.924 |
24.142 |
|
Total
Current Assets |
3061.525 |
1786.622 |
2530.342 |
|
|
|
|
|
|
TOTAL |
11740.616 |
10091.829 |
8948.673 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4692.668 |
4364.523 |
3826.709 |
|
|
Other Income |
285.194 |
426.441 |
493.129 |
|
|
TOTAL
|
4977.862 |
4790.964 |
4319.838 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2568.743 |
2244.230 |
2105.420 |
|
|
Purchases of Stock-in-Trade |
0.000 |
44.440 |
0.000 |
|
|
Employees benefits expense |
171.779 |
120.473 |
107.121 |
|
|
Other expenses |
662.355 |
646.595 |
597.477 |
|
|
TOTAL
|
3402.877 |
3055.738 |
2810.018 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1574.985 |
1735.226 |
1509.820 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.014 |
0.261 |
8.955 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1574.971 |
1734.965 |
1500.865 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
61.654 |
71.865 |
52.587 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1513.317 |
1663.100 |
1448.278 |
|
|
|
|
|
|
|
Less |
TAX |
482.626 |
441.827 |
417.458 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1030.691 |
1221.273 |
1030.820 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
33.484 |
33.889 |
31.968 |
|
|
|
|
|
|
|
Less |
Other Deduction |
960.000 |
1180.000 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
990.000 |
|
|
Final Dividend |
38.251 |
35.861 |
33.470 |
|
|
Tax on Dividend |
6.501 |
5.817 |
5.429 |
|
|
Total |
44.752 |
41.678 |
1028.899 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
59.423 |
33.484 |
33.889 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2579.427 |
1987.431 |
1850.717 |
|
|
Components and Stores parts |
0.000 |
3.665 |
5.133 |
|
|
Capital Goods |
0.000 |
0.000 |
3.121 |
|
|
TOTAL
IMPORTS |
2579.427 |
1991.096 |
1858.971 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
29338.00 |
153253.00 |
129354.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
996.637 |
2389.115 |
2104.344 |
|
Net cash flows from (used in) operating activities |
348.020 |
1812.600 |
1371.059 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
81.07 |
65.94 |
61.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.50 |
5.54 |
5.95 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
160.41 |
86.90 |
105.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.08 |
2.96 |
1.86 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.92 |
2.08 |
1.77 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.13 |
0.09 |
0.11 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.15 |
0.10 |
0.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.08 |
0.09 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
112498.93 |
6648.38 |
168.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
21.96 |
27.98 |
26.94 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
8.78 |
12.10 |
11.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.14 |
13.31 |
12.89 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.95 |
1.97 |
2.68 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.02 |
1.32 |
1.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.87 |
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) |
1.95 |
1.97 |
2.68 |
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1.594 |
1.594 |
1.594 |
|
Reserves & Surplus |
7997.055 |
9176.650 |
10162.589 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
7998.649 |
9178.244 |
10164.183 |
|
|
|
|
|
|
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Sales
|
3826.709 |
4364.523 |
4692.668 |
|
|
|
14.054 |
7.518 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
3826.709 |
4364.523 |
4692.668 |
|
Profit |
1030.820 |
1221.273 |
1030.691 |
|
|
26.94% |
27.98% |
21.96% |
LEGAL
CASES
|
Status : PENDING |
( Converted from : C/ST/14273/2013 ) |
CCIN No : 001021201314328 |
|
|
|||||
|
|||||
|
|||||
|
S.NO. |
Name of the
Petitioner |
Advocate On Record |
|
1 |
MESSERS VANDAN CONSTRUCTION - PARTNERSHIP FIRM |
MR SHIVANG M SHAH for: Petitioner(s) |
|
S.NO. |
Name of the
Respondant |
Advocate On Record |
|
1 |
PATEL KANJIBHAI SHIVRAMDAS - MEMBER SARDAR |
GOVERNMENT PLEADER for :Respondent(s) |
|
|
|||
|
Presented On |
: 10/09/2013 |
Registered On |
: 12/09/2013 |
|
Bench Category |
: SINGLE BENCH |
District |
: MAHESANA |
|
Case Originated
From |
: THROUGH HIS/HER/THEIR ADVOCATE |
Listed |
: 37 times |
|
Stage Name |
: FOR FINAL HEARING |
||
|
Classification |
SJ - NON-SERVICE - LOWER COURT - CODE OF CIVIL PROCEDURE, 1908 - MISCELLANEOUS MATTERS |
|
Act |
CIVIL PROCEDURE CODE, 1908 |
|
LowerCourt Details |
|
S.No. |
LowerCourt
CaseDetail |
LowerCourtName |
JudgeName |
Judgmentdate |
|
1 |
SS/183/2010 |
CIVIL COURT, MAHESANA |
- |
07/08/2013 |
|
Office Details |
||||
|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on Document |
Document Details |
|
1 |
10/09/2013 |
ADVANCE COPY OF PETITION |
GOVERNMENT PLEADER |
0 |
GOVERNMENT PLEADER(1) for R:2 |
|
2 |
10/09/2013 |
VAKALATNAMA |
MR SHIVANG M SHAH ADVOCATE |
5 |
MR SHIVANG M SHAH(5916) for P:1 |
|
3 |
10/09/2013 |
MEMO OF PETITION/APPEAL/SUIT |
MR SHIVANG M SHAH ADVOCATE |
100 |
MR SHIVANG M SHAH(5916), for P:1 |
|
4 |
23/10/2013 |
VAKALATNAMA |
MR TEJAS P SATTA ADVOCATE |
5 |
MR TEJAS P SATTA(3149) for R:1 |
|
5 |
24/03/2014 |
VAKALATNAMA |
MR NIRAV C SANGHAVI ADVOCATE |
5 |
MR NIRAV C SANGHAVI(5950) for R:13 , 13 , 13 |
|
Court Proceedings |
|||||
|
S. No. |
Notified Date |
CourtCode |
Board Sr. No. |
Stage |
Action |
Coram |
|
1 |
16/09/2013 |
12 |
4 |
FOR REGULAR ADMISSION |
FIXED NOTICE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
2 |
08/10/2013 |
12 |
92 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
3 |
24/10/2013 |
12 |
84 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
4 |
28/11/2013 |
12 |
106 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
5 |
13/12/2013 |
12 |
56 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
6 |
24/12/2013 |
12 |
107 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
7 |
13/01/2014 |
13 |
66 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE K.M.THAKER |
|
8 |
05/02/2014 |
13 |
53 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE K.M.THAKER |
|
9 |
24/02/2014 |
13 |
66 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE K.M.THAKER |
|
10 |
31/03/2014 |
13 |
45 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE K.M.THAKER |
|
11 |
01/05/2014 |
13 |
57 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE K.M.THAKER |
|
12 |
26/06/2014 |
12 |
76 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
13 |
14/07/2014 |
11 |
77 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
14 |
31/07/2014 |
11 |
61 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE SMT. JUSTICE ABHILASHA KUMARI |
|
15 |
21/08/2014 |
21 |
66 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.H.VORA |
|
16 |
16/09/2014 |
20 |
62 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.H.VORA |
|
17 |
18/11/2014 |
9 |
52 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MS.JUSTICE HARSHA DEVANI |
|
18 |
12/12/2014 |
9 |
50 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MS.JUSTICE HARSHA DEVANI |
|
19 |
06/01/2015 |
8 |
76 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
|
20 |
21/01/2015 |
8 |
68 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
|
21 |
27/02/2015 |
8 |
99 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.R.BRAHMBHATT |
|
22 |
30/03/2015 |
9 |
69 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MS.JUSTICE HARSHA DEVANI |
|
23 |
29/04/2015 |
9 |
59 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MS.JUSTICE HARSHA DEVANI |
|
24 |
09/07/2015 |
19 |
68 |
BOARD NO. I (NOTICE & ADJOURNED MATTERS) |
NEXT DATE |
HONOURABLE MR.JUSTICE PARESH UPADHYAY |
|
25 |
28/07/2015 |
19 |
84 |
BOARD NO. I (NOTICE & ADJOURNED MATTERS) |
NEXT DATE |
HONOURABLE MR.JUSTICE PARESH UPADHYAY |
|
26 |
11/08/2015 |
19 |
36 |
BOARD NO. I (NOTICE & ADJOURNED MATTERS) |
NEXT DATE |
HONOURABLE MR.JUSTICE PARESH UPADHYAY |
|
27 |
20/08/2015 |
17 |
105 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.G. SHAH |
|
28 |
29/09/2015 |
17 |
33 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.G. SHAH |
|
29 |
08/10/2015 |
17 |
35 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.G. SHAH |
|
30 |
07/12/2015 |
19 |
38 |
NOTICE & ADJOURNED MATTERS |
NEXT DATE |
HONOURABLE MR.JUSTICE S.H.VORA |
|
31 |
14/12/2015 |
19 |
35 |
NOTICE & ADJOURNED MATTERS |
RULE/ADMIT |
HONOURABLE MR.JUSTICE S.H.VORA |
|
32 |
29/06/2017 |
16 |
25 |
FOR FINAL HEARING |
NEXT DATE |
HONOURABLE MR.JUSTICE C.L. SONI |
|
33 |
12/07/2017 |
17 |
26 |
FOR FINAL HEARING |
NEXT DATE |
HONOURABLE MR.JUSTICE C.L. SONI |
|
34 |
19/07/2017 |
17 |
24 |
FOR FINAL HEARING |
NEXT DATE |
HONOURABLE MR.JUSTICE C.L. SONI |
|
35 |
02/08/2017 |
17 |
173 |
FOR FINAL HEARING |
NEXT DATE |
HONOURABLE MR.JUSTICE C.L. SONI |
|
36 |
12/10/2017 |
17 |
41 |
FOR FINAL HEARING |
NEXT DATE |
HONOURABLE MR.JUSTICE C.L. SONI |
|
37 |
19/12/2017 |
20 |
330 |
FOR FINAL HEARING |
NEXT DATE |
HONOURABLE MR.JUSTICE C.L. SONI HONOURABLE MR.JUSTICE PARESH UPADHYAY |
|
38 |
07/02/2018 |
20 |
- |
FOR FINAL HEARING |
HONOURABLE MR.JUSTICE PARESH UPADHYAY |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONAL PERFORMANCE
(AS ON 31.03.2014):
The Company has received income of INR 1222.100 Million (Previous Year INR 1150.700 Million) from Sales and Subscription, INR 3418.300 Million (Previous Year INR 316.61 Crores) from Advertisements and INR 52.200 Million (Previous Year INR 47.700 Million) from waste sales. During the year company has earned INR 285.200 Million (previous year INR 426.400Million) towards other income, which includes Interest, Dividends and others. Company has achieved total income of INR 4977.900 Million as against total income of previous year INR 4790.900 Million. Thus, Company has continued its growth.
The Company is Deploying its surplus fund into investment in Primary Market and Secondary Market Bonds and Mutual Funds. Moreover, investment also has been made in Land, Plant, Machinery, Gold and others also.
CORPORATE
INFORMATION (AS ON 31.03.2014)
Subject is in the business of publishing newspapers. The Company’s Product Gujarat Samachar is the largest read Gujarati language daily newspaper in India. Presently, the Company distributes editions from Ahmedabad, Vadodara, Surat, Rajkot, Bhavnagar, Mumbai, Mehsana and Bhuj. The Company derives its revenue mainly from the sale of these publications and advertisements published in the publications.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
Y10187983 |
90098291 |
STATE BANK OF INDIA |
28/11/1995 |
24/12/1997 |
- |
125000000.0 |
COMMERCIAL BRANCHAHMEDABADGJIN |
|
2 |
Y10187943 |
90098251 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
29/09/1995 |
01/12/1997 |
- |
175000000.0 |
IDBI TOWERBOMBAYMH400005IN |
|
3 |
Y10187335 |
90097643 |
CENTRAL BANK OF INDIA |
01/10/1992 |
01/10/1992 |
- |
15000000.0 |
LAL DARWAJAAHMEDABADGJ380001IN |
|
4 |
Y10186909 |
90097217 |
GUJARAT INDUSTRIAL INVESTMENT CORPORATION LTD. |
13/02/1987 |
- |
- |
9000000.0 |
CHUNIBHAI CHAMBERSASHRAM ROADAHMEDABADGJ380009IN |
|
5 |
Y10190932 |
90101240 |
CENTRAL BANK OF INDIA |
13/12/1986 |
- |
- |
2000000.0 |
LAL DARWAJAAHMEDABADGJIN |
|
6 |
Y10186891 |
90097199 |
CENTRAL BANK OF INDIA |
31/07/1986 |
- |
- |
4613800.0 |
LAL DARWAJAAHMEDABADGJIN |
|
7 |
Y10186805 |
90097113 |
VIJAY CO-OP.BANK LTD. |
22/04/1983 |
22/04/1983 |
- |
11000000.0 |
AHMEDABADAHMEDABADGJIN |
|
8 |
Y10186760 |
90097068 |
GUJARAT INDUSTRIAL INVESTMENT CORPORATION LTD. |
01/01/1981 |
02/02/1983 |
- |
3300000.0 |
CHUNIBHAI CHAMBERSNAVRANGAPURAAHMEDABADGJ380009IN |
|
9 |
Y10186754 |
90097062 |
GUJARAT STATE FINANCIAL CORPORATION |
09/06/1980 |
19/02/1987 |
- |
3000000.0 |
JALDARSHAN BUILDINGASHRAM ROADAHMEDABADGJ380009IN |
|
10 |
Y10186738 |
90097046 |
SURAT INVESTMENT |
25/11/1977 |
- |
- |
400000.0 |
91; RATAN POLEAHMEDABADGJIN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Other money for which company is contingently liable |
47.073 |
45.598 |
|
TOTAL |
47.073 |
45.598 |
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Motor Vehicles
- Office Equipment
- Other Equipments
- Books Periodicals
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 records 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 63.41 |
|
|
1 |
INR 87.17 |
|
Euro |
1 |
INR 77.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.