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MIRA INFORM REPORT
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Report No. : |
500323 |
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Report Date : |
27.03.2018 |
IDENTIFICATION DETAILS
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Name : |
LOKMAT MEDIA PRIVATE LIMITED (w.e.f. 22.05.2012) |
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Formerly Known
As : |
LOKMAT MEDIA LIMITED (w.e.f. 22.11.2010) LOKMAT MEDIA PRIVATE LIMITED (w.e.f. 21.09.2010) LOKMAT NEWSPAPERS PRIVATE LIMITED |
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Registered
Office : |
Mittal Tower, ‘B’ Wing, 12th Floor, Nariman
Point, Mumbai – 400021, Maharashtra |
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Tel. No.: |
91-22-22856749 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
21.06.1973 |
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Com. Reg. No.: |
11-016613 |
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Capital
Investment / Paid-up Capital : |
INR 376.488 Million |
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CIN No.: [Company Identification
No.] |
U99999MH1973PTC016613 |
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IEC No.: [Import-Export Code No.] |
0388151030 |
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TIN/CST No.: |
27080013678 |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACL1888J1Z6 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACL1888J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is primarily engaged in the business of printing
and publishing of newspapers, magazine, film production and distribution and
event management activities.
[Registered Activity] |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a Maharashtra-based publishing house that publishes newspapers in Marathi, Hindi and English. The company has 12 printing centres, publishing 12 editions and 49 sub-editions of Lokmat in Marathi, with a pan-Maharashtra presence. It also publishes a Hindi daily, Lokmat Samachar, with 8 editions and 16 sub-editions, and an English daily, Lokmat Times, with 3 editions and 5 sub-editions, from Nagpur, Aurangabad and Nashik. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per indirect source, we could find that the company has earned a revenue of INR 6840.000 million for the FY-2017 and has clocked a net profit margin of 10.8%. For the financial record of 2016, the company has reported a decline in its revenue as compared to previous year revenue and has maintained decent profitability margin of 13.91% during the year. Rating takes into consideration the company’s healthy financial profile marked strong net worth base along with adequate debt protection metrics and comfortable liquidity position. The rating also factors in the market leadership of Lokmat’s flagship Marathi daily is leading newspaper in terms of readership in Maharashtra. However, rating strengths is partially offset by the relatively limited market for Marathi dailies, the geographical concentration in company’s revenue profile, and the susceptibility of its operating margin to volatility in newsprint prices and to economic downturns. Trade relations are reported as reported as fair. Payments seems to be regular and as per commitment. In view of aforesaid, the company can be considered good for normal 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 |
CRISIL |
|
Rating |
Long term rating = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
27.12.2017 |
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 27.03.2018
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.: 91-22-22856749)
LOCATIONS
|
Registered Office : |
Mittal Tower, ‘B’ Wing, 12th Floor, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22856749 (4 Lines) /
22028211 / 25856749 |
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Fax No.: |
91-22-22028211 / 24820010 |
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E-Mail : |
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Website : |
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Corporate Office: |
1301/2, Lodha Supremus Dr. E. Moses Road, Worli Circle, Mumbai – 400018, Maharashtra, India |
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Tel. No.: |
91-22-24820000 to 5 |
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Fax No.: |
91-22-24820010 |
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Coverage of Lokmat Publishing Centers: |
Located at: · Jalgaon · Akola · Nagpur · Aurangabad · Nanded · Pune · Mumbai · Kolhapur · Solapur · Latur · Goa |
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Lokmat All India National Sales Network: |
Located at: · New Delhi · Jaipur · Lucknow · Ahmedabad · Bhopal · Indore · Baroda · Pune · Mumbai · Raipur · Kolkata · Secunderabad · Vizag · Bangalore · Coimbatore · Chennai |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rishi Rajendra Darda |
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Designation : |
Managing Director |
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Address : |
Lokmat Bhavan, Jalana Road, Aurangabad - 431003, Maharashtra, India |
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Date of Birth/Age : |
15.12.1978 |
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Qualification : |
MBA (GEN. Management), M.J. |
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Date of Appointment : |
21.11.2001 |
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PAN No.: |
AAKPD2934Q |
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DIN No.: |
00293183 |
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Name : |
Mr. Devendra Vijay Darda |
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Designation : |
Managing Director |
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Address : |
B - 601, Shubhda Co-operative Housing Society, B Sir Pochkhanwala Road, Worli, Mumbai - 400018, Maharashtra, India |
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Date of Birth/Age : |
23.11.1974 |
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Qualification : |
MBA |
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Date of Appointment : |
20.05.2002 |
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PAN No.: |
AAAPD9501B |
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DIN No.: |
00319192 |
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Name : |
Mr. Vijay Jawaharlal Darda |
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Designation : |
Whole-Time Director |
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Address : |
‘Yavatmal House’, Rahate Colony, Pt. J.N. Marg, Nagpur - 440022, Maharashtra, India |
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Date of Birth/Age : |
14.05.1950 |
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Qualification : |
B.com, MBA (Finance) |
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Date of Appointment : |
24.01.1974 |
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PAN No.: |
AAAPD9500A |
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DIN No.: |
00009902 |
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Name : |
Mr. Karan Rajendra Darda |
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Designation : |
Whole-Time Director |
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Address : |
Lokmat Bhavan, Jalana Road, Aurangabad - 431003, Maharashtra, India |
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Date of Birth/Age : |
25.05.1983 |
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Qualification : |
MBA (GEN. Management), M.Com |
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Date of Appointment : |
01.04.2009 |
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PAN No.: |
AGKPD4240R |
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DIN No.: |
01211502 |
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Name : |
Mr. Ramesh Sukhraj Bora |
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Designation : |
Whole-Time Director |
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Address : |
Plot No. 2, Purohit Layout, Ambazari, Nagpur - 440010, Maharashtra, India |
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Date of Birth/Age : |
02.11.1939 |
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Qualification : |
B.E. (Electrical) AMIE, MBA (Production and Finance) |
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Date of Appointment : |
25.01.2016 |
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DIN No.: |
00299249 |
KEY EXECUTIVES
|
Name : |
Ms. Minal Rakesh Jain |
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Designation : |
Company Secretary |
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Address : |
F-10, Girnar Society Bapurao Lan Itwari, Nagpur-440008, Maharashtra, India |
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Date of Appointment : |
16.01.2018 |
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PAN No.: |
BAAPJ3900P |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Vijay Darda |
14684417 |
39.00 |
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Rajendra Darda |
10400417 |
27.62 |
|
Ashoodevi Darda |
2808000 |
7.46 |
|
Devendra Darda |
4140000 |
11.00 |
|
Rishi Darda |
2808000 |
7.46 |
|
Karan Darda |
2808000 |
7.46 |
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Total |
37648834 |
100.00 |
AS ON 15.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters - Individual/Hindu Undivided Family – Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of printing
and publishing of newspapers, magazine, film production and distribution and
event management activities.
[Registered Activity] |
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Products / Services
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Brand Names : |
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Agencies Held : |
Not Available |
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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 denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
M. M Jain and Associates Chartered Accountants |
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Address : |
202 - 203, Shrimohini Complex, 345, Kingsway, Nagpur - 440001, Maharashtra, India |
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PAN No.: |
AABFM6199F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Joint venture: (As on 31.03.2016) |
IBN Lokmat News Private Limited, India CIN No.: U65923MH2007PTC281111 |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : (As on 31.03.2016) |
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Other related
party: (As on 31.03.2016) |
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CAPITAL STRUCTURE
AS ON 15.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
75000000 |
Equity Shares |
INR 10/- each |
INR 750.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
37648834 |
Equity Shares |
INR 10/- each |
INR 376.488 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.05.2015 |
31.05.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
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|
(1)Shareholders' Funds |
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(a) Share Capital |
376.488 |
376.488 |
376.488 |
|
(b) Reserves and Surplus |
4048.355 |
3749.481 |
3113.412 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
4424.843 |
4125.969 |
3489.900 |
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(3)
Non-Current Liabilities |
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|
(a) long-term borrowings |
22.670 |
52.882 |
69.588 |
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(b) Deferred tax liabilities (Net) |
28.789 |
44.141 |
78.171 |
|
(c) Other long-term
liabilities |
170.833 |
169.633 |
156.155 |
|
(d) long-term
provisions |
23.823 |
29.728 |
22.497 |
|
Total Non-current
Liabilities (3) |
246.115 |
296.384 |
326.411 |
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(4)
Current Liabilities |
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|
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|
(a) Short-term
borrowings |
717.888 |
176.017 |
104.325 |
|
(b) Trade
payables |
50.963 |
248.464 |
294.980 |
|
(c) Other
current liabilities |
359.078 |
440.687 |
757.947 |
|
(d) Short-term
provisions |
34.430 |
102.713 |
324.544 |
|
Total Current
Liabilities (4) |
1162.359 |
967.881 |
1481.796 |
|
|
|
|
|
|
TOTAL |
5833.317 |
5390.234 |
5298.107 |
|
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|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1350.666 |
1332.991 |
1588.204 |
|
(ii)
Intangible Assets |
5.186 |
6.103 |
8.705 |
|
(iii) Tangible assets capital
work-in-progress |
22.554 |
32.789 |
19.536 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1013.506 |
771.431 |
721.761 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
82.598 |
87.257 |
87.950 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2474.510 |
2230.571 |
2426.156 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.686 |
0.687 |
0.688 |
|
(b)
Inventories |
429.193 |
474.189 |
602.102 |
|
(c) Trade
receivables |
1356.157 |
1310.553 |
1179.435 |
|
(d) Cash and
bank balances |
1386.652 |
1256.252 |
903.131 |
|
(e)
Short-term loans and advances |
81.485 |
64.750 |
41.146 |
|
(f) Other
current assets |
104.634 |
53.232 |
145.449 |
|
Total
Current Assets |
3358.807 |
3159.663 |
2871.951 |
|
|
|
|
|
|
TOTAL |
5833.317 |
5390.234 |
5298.107 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.05.2015 |
31.05.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
5632.360 |
6451.638 |
5983.013 |
|
|
Other Income |
123.426 |
90.703 |
98.452 |
|
|
TOTAL |
5755.786 |
6542.341 |
6081.465 |
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1738.858 |
2172.273 |
2227.454 |
|
|
Purchases of
Stock-in-Trade |
1.315 |
1.055 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.291) |
(0.657) |
0.000 |
|
|
Employee benefit expense |
918.951 |
1038.236 |
1066.193 |
|
|
CSR expenditure |
0.000 |
2.000 |
0.000 |
|
|
Other expenses |
1624.963 |
1630.288 |
1522.837 |
|
|
TOTAL |
4282.796 |
4843.195 |
4816.484 |
|
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|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1472.990 |
1699.146 |
1264.981 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
16.982 |
23.032 |
52.338 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1456.008 |
1676.114 |
1212.643 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
243.542 |
353.840 |
239.099 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1212.466 |
1322.274 |
973.544 |
|
|
|
|
|
|
|
Less |
TAX |
428.921 |
435.058 |
283.568 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
783.545 |
887.216 |
689.976 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
705.918 |
683.697 |
748.964 |
|
|
Components and spare
parts |
0.000 |
5.719 |
12.395 |
|
|
TOTAL IMPORTS |
705.918 |
689.416 |
761.360 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
20.81 |
23.57 |
18.33 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
6840.000 |
The above information has been taken from indirect source.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.05.2015 |
31.05.2014 |
|
Current Maturities of Long term debt |
30.200 |
30.200 |
164.740 |
|
Net cash flows from (used in) operations |
1046.829 |
1463.623 |
1296.218 |
|
Net cash flows from (used in) operating activities |
586.504 |
1009.532 |
1007.281 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.05.2015 |
31.05.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365) |
87.88 |
74.14 |
71.95 |
|
|
|
|
|
|
Account Receivables Turnover (Income /
Sunday Debtors) |
4.15 |
4.92 |
5.07 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
10.69 |
41.73 |
48.34 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.43 |
3.58 |
2.10 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.07 |
1.24 |
0.78 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.05.2015 |
31.05.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.21 |
0.19 |
0.32 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.17 |
0.06 |
0.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.26 |
0.23 |
0.42 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.31 |
0.33 |
0.46 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
86.74 |
73.77 |
24.17 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.05.2015 |
31.05.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
13.91 |
13.75 |
11.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
13.43 |
16.46 |
13.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
17.71 |
21.50 |
19.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.05.2015 |
31.05.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.89 |
3.26 |
1.94 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.52 |
2.77 |
1.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.76 |
0.77 |
0.66 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.05 |
0.69 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.89 |
3.26 |
1.94 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
376.488 |
376.488 |
376.488 |
|
Reserves & Surplus |
3113.412 |
3749.481 |
4048.355 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
3489.900 |
4125.969 |
4424.843 |
|
|
|
|
|
|
Long-term borrowings |
69.588 |
52.882 |
22.670 |
|
Short term borrowings |
104.325 |
176.017 |
717.888 |
|
Current Maturities of
Long term debt |
164.740 |
30.200 |
30.200 |
|
Total borrowings |
338.653 |
259.099 |
770.758 |
|
Debt/Equity ratio |
0.097 |
0.063 |
0.174 |
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 |
5983.013 |
6451.638 |
5632.360 |
|
|
|
7.833 |
(12.699) |
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 |
5983.013 |
6451.638 |
5632.360 |
|
Profit |
689.976 |
887.216 |
783.545 |
|
|
11.53% |
13.75% |
13.91% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.05.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
376.488 |
376.488 |
|
(b) Reserves and Surplus |
|
3603.242 |
3298.191 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
3979.730 |
3674.679 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
22.669 |
52.882 |
|
(b) Deferred tax liabilities (Net) |
|
28.789 |
44.141 |
|
(c) Other long-term
liabilities |
|
195.833 |
194.633 |
|
(d) long-term
provisions |
|
27.144 |
32.913 |
|
Total Non-current
Liabilities (3) |
|
274.435 |
324.569 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
717.888 |
176.017 |
|
(b) Trade
payables |
|
75.647 |
284.164 |
|
(c) Other
current liabilities |
|
362.471 |
453.891 |
|
(d) Short-term
provisions |
|
34.532 |
102.714 |
|
Total Current
Liabilities (4) |
|
1190.538 |
1016.786 |
|
|
|
|
|
|
TOTAL |
|
5444.703 |
5016.034 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1370.003 |
1358.265 |
|
(ii)
Intangible Assets |
|
40.069 |
40.995 |
|
(iii) Tangible assets
capital work-in-progress |
|
22.554 |
32.789 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
476.206 |
234.131 |
|
(c) Deferred tax assets (net) |
|
3.383 |
3.045 |
|
(d)
Long-term loans and advances |
|
86.662 |
87.370 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1998.877 |
1756.595 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
28.186 |
0.687 |
|
(b)
Inventories |
|
429.193 |
474.189 |
|
(c) Trade
receivables |
|
1387.002 |
1345.472 |
|
(d) Cash and
bank balances |
|
1410.658 |
1310.990 |
|
(e)
Short-term loans and advances |
|
85.615 |
65.720 |
|
(f) Other
current assets |
|
105.172 |
62.381 |
|
Total
Current Assets |
|
3445.826 |
3259.439 |
|
|
|
|
|
|
TOTAL |
|
5444.703 |
5016.034 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.05.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
5772.832 |
6634.551 |
|
|
Other Income |
|
127.222 |
92.722 |
|
|
TOTAL |
|
5900.054 |
6727.273 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1738.858 |
2172.273 |
|
|
Purchases of
Stock-in-Trade |
|
1.315 |
1.055 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(1.291) |
(0.657) |
|
|
Employee benefit expense |
|
972.572 |
1097.306 |
|
|
CSR expenditure |
|
0.000 |
2.000 |
|
|
Extraordinary items before tax |
|
0.000 |
6.782 |
|
|
Other expenses |
|
1702.163 |
1705.313 |
|
|
TOTAL |
|
4413.617 |
4984.072 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1486.437 |
1743.201 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
17.000 |
23.199 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1469.437 |
1720.002 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
251.132 |
362.246 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
1218.305 |
1357.756 |
|
|
|
|
|
|
|
Less |
TAX |
|
428.583 |
431.994 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
789.722 |
925.762 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
20.98 |
24.59 |
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 |
No |
|
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 |
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 |
No |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the Annual
Report |
No |
NATURE OF OPERATION
(As on 31.03.2016)
The Company is primarily engaged in the business of Printing and Publishing of Newspapers, Magazine, Film production and distribution and Event management activities. Companys major brands are Lokmat, Lokmat Samachar, Lokmat Times and G2. The Group also derives revenue from the Advertisements published in publications and sale of publications.
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G47545652 |
100110183 |
Bank of India |
01/03/2017 |
- |
- |
300000000.0 |
MID Corporate Branch, Kingsway, S. V. Patel Marg, Near Railway Station, Nagpur-440001, Maharashtra, India |
|
2 |
Z00124553 |
80027456 |
BANK OF INDIA |
17/10/1994 |
- |
- |
6000000.0 |
Sitabuldi Branch, Nagpur-440009, Maharashtra, India |
|
3 |
Z00124559 |
80027457 |
BANK OF INDIA |
17/10/1994 |
28/03/2007 |
- |
40000000.0 |
Sitabuldi Branch, Nagpur-440009, Maharashtra, India |
|
4 |
C32103236 |
80027455 |
Bank of India |
17/10/1994 |
10/10/2014 |
- |
230000000.0 |
Nagpur Mid Corporate Banking Branch, S V Patel Marg, Kingsway, Nagpur-440001, Maharashtra, India |
|
5 |
G51516623 |
100108732 |
Bank of India |
26/09/2016 |
- |
23/08/2017 |
100000000.0 |
Rani Zansi Square, Sitabuldi, Nagpur-440012, Maharashtra, India |
|
6 |
G51516482 |
100108973 |
Bank of India |
27/03/2017 |
- |
23/08/2017 |
100000000.0 |
Rani Zansi Square, Sitabuldi, Nagpur-440012, Maharashtra, India |
|
7 |
G40375834 |
10469177 |
HDFC BANK LIMITED |
07/12/2013 |
- |
05/04/2017 |
186000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
8 |
C33311150 |
10221777 |
BANK OF INDIA |
23/04/2010 |
14/10/2010 |
28/10/2014 |
334800000.0 |
Nagpur Mid Corporate Banking Branch, S V Patel Marg, Kingsway, Nagpur-440001, Maharashtra, India |
|
9 |
C26811273 |
10247607 |
HDFC BANK LIMITED |
05/10/2010 |
- |
17/09/2014 |
490000000.0 |
HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
|
10 |
A65880999 |
10049945 |
BANK OF INDIA |
16/03/2007 |
03/03/2008 |
10/07/2009 |
80000000.0 |
Nagpur Mid Corporate Banking Branch, S V Patel Marg, Kingsway, Nagpur-440001, Maharashtra, India |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and
equipments
- Furniture and
Fixture
- Computer
- Office equipment
- Motor vehicles
Intangible Asset:
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 64.91 |
|
|
1 |
INR 91.87 |
|
Euro |
1 |
INR 80.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
BHG |
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.