Annual Report 2010-11

Total Page:16

File Type:pdf, Size:1020Kb

Annual Report 2010-11 Annual Report 2010-11 Board of Directors Board of DirectorsMr. Bharat Shah Chairman Mr. Rajan Raheja Director Mr. Akshay Raheja Director Mr. Viren Raheja Director Mr. K. Jayaraman Managing Director & CEO Mr. Vinayak Aggarwal Director Mr. Jagdishkumar G. Director Mr. Uday Shankar Director Mr. Brahmal Vasudevan Additional Director Mr. Sasha Mirchandani Director Mr. Sridhar Gorthi Director Mr. Devendra Shrotri Director Company Secretary Mr. Milind Karnik President - Finance & Company Secretary 4eIistered 1fſce Contents Page Nos. “Raheja”, 4th Floor, Corner of Main Avenue & V. P. Road, Notice 2 Santacruz (W), Mumbai - 400 054. Directors Report 7 Statutory Auditors Management Discussion & Analysis 24 G. M. Kapadia & Co. Report on Corporate Governance 26 Chartered Accountants Standalone Auditors’ Report 36 Advocates & Solicitors Standalone Balance Sheet 40 AZB & Partners 5VCPFCNQPG2TQſV.QUU#EEQWPV 41 .CY1HſEGUQH+PFW/CNJQVTC#UUQEKCVGU Thakore Jariwala & Associates Standalone Cash Flow Statement 42 Schedules 44 Bankers Consolidated Auditors’ Report 83 Axis Bank Limited Consolidated Balance Sheet 84 +%+%+$CPM.KOKVGF Yes Bank Limited %QPUQNKFCVGF2TQſV.QUU#EEQWPV 85 Consolidated Cash Flow Statement 86 Registrar & Transfer Agent Schedules to Consolidated Financial 88 Statements .KPM+PVKOG+PFKC2TKXCVG.VF C-13, Pannalal Silk Mills Compound, Attendance Slip & Proxy Form LBS Marg, Bhandup (W), Mumbai - 400 078. Tel.: 25963838 Fax: 25946969 1 Hathway Cable & Datacom Limited Notice NOTICE is hereby given that the Fifty First Annual General and as recommended by the Remuneration Committee of the Meeting of the Company will be held on Tuesday, 27th day Board of Directors, approval of the members of the Company of September, 2011, at 3.00 p.m. at ISKONs Auditorium, Hare be and is hereby accorded to the re-appointment of Mr. K. Krishna Land, Next to Hare Krishna Temple, Juhu, Mumbai – Jayaraman as the Managing Director & CEO of the Company 400 049, to transact the following business: with effect from 27th September 2011 till 7th August, 2013, at a ORDINARY BUSINESS: remuneration as stated herein below, with liberty to the Board of Directors to alter and vary terms and conditions from time 1. To receive, consider and adopt the Audited Balance Sheet to time: CUCVUV/CTEJCPFVJG2TQſVCPF.QUU#EEQWPVHQT the year ended on that date together with the Reports of ¾ Salary: Directors’ and Auditors’ thereon. Proportionately for the period 27.09.2011 to 07.08.2012: 2. To appoint a Director in place of Mr. Viren Raheja, who retires at the rate of Rs.1.50 crores per annum (excluding by rotation at the ensuing Annual General Meeting and being gratuity & leave encashment at the end of the tenure) eligible, offers himself for re-appointment. but including salary, allowances, company’s contribution to provident fund, superannuation fund or annuity fund 3. To appoint a Director in place of Mr. Uday Shankar, who retires by rotation at the ensuing Annual General Meeting From 08.08.2012 to 07.08.2013: Rs.1.75 crores and being eligible, offers himself for re-appointment. per annum (excluding gratuity & leave encashment at the end of the tenure) but including salary, 4. To appoint a Director in place of Mr. Jagdish Kumar G, who allowances, company’s contribution to provident fund, retires by rotation at the ensuing Annual General Meeting superannuation fund or annuity fund and who has not offered himself for re-appointment: +P CFFKVKQP VQ VJG CDQXG UWDLGEV VQ CEJKGXGOGPV QH “RESOLVED THAT pursuant to the provisions of Section 256 and other applicable provisions of the Companies Act, 1956, targets such as ebidta, broadband revenue, organic if any, Mr. Jagdish Kumar G., who retires by rotation at the revenue growth and achievement of digital rollout ensuing Annual General Meeting and who has not offered targets, the Board of Directors may at their discretion himself for re-appointment, hereby ceases to be a director approve performance incentive, as may be decided, of the Company with immediate effect and that the vacancy however not exceeding 1.50 times the above mentioned ETGCVGFD[VJGEGUUCVKQPQHVJGUCKFFKTGEVQTDGPQVſNNGFWRŒ ſZGFUCNCT[ 6Q EQPUKFGT CPF KH VJQWIJV ſV VQ RCUU YKVJ QT YKVJQWV ¾ The Managing Director & CEO shall be provided with a OQFKſECVKQP U VJG HQNNQYKPI TGUQNWVKQP CU CP 1TFKPCT[ car and driver for Company’s business. The Company Resolution: shall reimburse actual entertainment and travelling expenses incurred by the Managing Director & CEO, in “RESOLVED THAT the retiring Statutory Auditors, M/s. G. connection with the Company’s business. M. Kapadia & Co, Chartered Accountants, (Registration No. 104767W) who being eligible, have offered themselves ¾ The Managing Director & CEO shall be entitled to sitting for re-appointment, be and are hereby re-appointed as the fees at the rate of Rs.20,000/ – per meeting for attending 5VCVWVQT[ #WFKVQTU QH VJG %QORCP[ VQ JQNF QHſEG HTQO VJG the meetings of the Board of Directors. conclusion of this meeting until the conclusion of next Annual RESOLVED FURTHER THAT in the event of absence General Meeting at a remuneration to be mutually agreed QTKPCFGSWCE[QHPGVRTQſVKPCP[ſPCPEKCN[GCTFWTKPIVJG between the Board of Directors and the Statutory Auditors.” tenure of the Managing Director & CEO, the aforesaid SPECIAL BUSINESS remuneration shall be payable to the Managing Director & CEO as minimum remuneration subject to approval of 6. 6Q EQPUKFGT CPF KH VJQWIJV ſV VQ RCUU YKVJ QT YKVJQWV Central Government, if required. OQFKſECVKQP U VJG HQNNQYKPI TGUQNWVKQP CU CP 1TFKPCT[ Resolution: RESOLVED FURTHER THAT the Board of Directors “RESOLVED THAT Mr. Brahmal Vasudevan, who was of the Company, be and is hereby authorised to do all appointed as an Additional Director of the Company with such acts, deeds, matters and things as in their absolute effect from 9th May, 2011 pursuant to the provisions of discretion they may consider necessary, expedient or Section 260 of the Companies Act, 1956 (the said Act) and in desirable to give effect to this resolution or otherwise accordance with the Article 32 of the Articles of Association of considered by them in the best interest of the Company.” VJG%QORCP[CPFVQJQNFQHſEGWRVQVJGFCVGQHVJGGPUWKPI 8. 6Q EQPUKFGT CPF KH VJQWIJV ſV VQ RCUU YKVJ QT YKVJQWV Annual General Meeting of the Company and for whose OQFKſECVKQP U VJG HQNNQYKPI TGUQNWVKQP CU C 5RGEKCN appointment, the Company has received a notice under Resolution: Section 257 of the said Act from a shareholder proposing VJGECPFKFCVWTGQH/T$TCJOCN8CUWFGXCPHQTVJGQHſEGQH “RESOLVED THAT subject to the provisions of Section a Director of the Company, be and is hereby appointed as 309 (5B) and all other applicable provisions if any, of the C&KTGEVQTQHVJG%QORCP[YJQUGRGTKQFQHQHſEGUJCNNDG Companies Act 1956, and subject to the approval of the subject to retirement by rotation.” Central Government, consent of the shareholders of the Company be and is hereby accorded for waiver of the excess 6Q EQPUKFGT CPF KH VJQWIJV ſV VQ RCUU YKVJ QT YKVJQWV remuneration of Rs. 23,62,405/ – paid to Mr. K. Jayaraman, OQFKſECVKQP U VJG HQNNQYKPI TGUQNWVKQP CU C 5RGEKCN Managing Director & CEO for the period from 26th August, Resolution: 2009 to 07th February, 2010 and the sitting fees of Rs. “RESOLVED THAT pursuant to the provisions of Section 1,20,000/ – from 26th November 2009 till 12th August 2011 198, 269, 309, 311 and other applicable provisions, if any, paid to Mr. K. Jayaraman, Managing Director & CEO of the QHVJG%QORCPKGU#EVTGCFYKVJ5EJGFWNG:+++VJGTGVQ Company. KPENWFKPICP[UVCVWVQT[OQFKſECVKQPQTGPCEVOGPVVJGTGQH CPF RESOLVED FURTHER THAT the shareholders of the subject to the Central Government approval and such other Company convey their irrevocable no objection for waiver of approval(s) of such other authorities as may be necessary 2 Annual Report 2010-11 the aforesaid excess payment of remuneration made to Mr. reports, documents and any other correspondence by K. Jayaraman, Managing Director & CEO of the Company. electronic mode are requested to register their email addresses and changes therein, from time to time, with RESOLVED FURTHER THAT VJG%QORCP[FQſNGPGEGUUCT[ Company’s Registrar and Transfer Agent in respect of application in eform No. 25A with Central Government/ shares held in physical form and with respective Depository Ministry of Corporate Affairs and the same be supported with Participants (DP) where the shares are held in dematerialized FGVCKNGF LWUVKſECVKQP YKVJ TGICTF VQ EKTEWOUVCPEGU KP YJKEJ form. Shareholders holding shares in physical form can the excess payment was made and such other information send their email address for registration to rnt.helpdesk@ as may be deemed prudent. linkintime.co.in quoting the Folio Number and Name of the RESOLVED FURTHER THAT any one of the Directors of Company. the Company or the Company Secretary be and is hereby EXPLANATORY STATEMENT PURSUANT TO SECTION authorized to sign the above application and to take all such 173(2) OF THE COMPANIES ACT, 1956: steps as may be necessary, proper or expedient to give effect to this resolution.” Item No. 6 BY ORDER OF THE BOARD Mr. Brahmal Vasudevan was appointed as an Additional Director of the Company with effect from 09th May, 2011. Pursuant to MILIND KARNIK the provisions of Section 260 of the Companies Act, 1956 and President – Finance & Company Secretary in accordance with the Article 32 of the Articles of Association QHVJG%QORCP[/T$TCJOCN8CUWFGXCPUJCNNJQNFQHſEGWRVQ the date of the ensuing Annual General Meeting of the Company. REGISTERED OFFICE: The Company
Recommended publications
  • Hathway Cable and Datacom Limited
    Date: April 20, 2021 To To The Listing Department The Corporate Relationship Department The National Stock Exchange of India Limited BSE Limited Plot No. C/1, G Block P.J. Towers, 1st Floor, Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai – 400 001 Mumbai 400 051 Script Code No. 533162 Symbol: HATHWAY Ref.: Composite Scheme of Amalgamation and Arrangement between the Company, Den Networks Limited, Network18 Media & Investments Limited, TV18 Broadcast Limited, Media18 Distribution Services Limited, Web18 Digital Services Limited and Digital18 Media Limited and their respective shareholders and creditors (“Scheme”) Dear Sirs, This has reference to the captioned Composite Scheme approved by the Board of Directors on February 17, 2020. The shareholders are aware that the Scheme was filed with both BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) for their no-objection letter. The Company had also disclosed in its quarterly financial results for the quarter ended September 30, 2020, that the stock exchanges had returned the Scheme stating that the Company may apply to the stock exchanges once the Scheme is in compliance with SEBI circulars / SEBI Regulations. This pertained to the compliance by the Company and Den Networks Limited of the Minimum Public Shareholding requirement. Considering that more than a year has passed from the time the Board considered the Scheme, the Board of the Company has decided not to proceed with the arrangement envisaged in the Scheme. This is for your information and records. Thanking you, FOR HATHWAY CABLE AND DATACOM LIMITED AJAY SINGH Head Corporate Legal, Company Secretary and Chief Compliance Officer FCS: 5189 Hathway Cable and Datacom Limited 805/806, “Windsor”, Off C.S.T.
    [Show full text]
  • February 17, 2020
    February 17, 2020 The Manager, Listing Department The General Manager The National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited Exchange Plaza Listing Department Bandra Kurla Complex 15th Floor, P J Towers Bandra (E) Mumbai-400 051 Dalal Street, Mumbai-400 001 NSE Trading Symbol- DEN BSE Scrip Code- 533137 Dear Sirs, Sub.: Media Release titled “Scheme of Amalgamation and Arrangement amongst Network18, TV18, Den & Hathway” Dear Sirs, Attached is the Media Release being issued by the Company titled “Scheme of amalgamation and Arrangement amongst Network18, TV18, Den & Hathway”. You are requested to take the above on record. Thanking You, FCS No. :6887 MEDIA RELEASE Scheme of Amalgamation and Arrangement amongst Network18, TV18, Den & Hathway Consolidates media and distribution businesses of Reliance Creates Media & Distribution platform comparable with global standards of reach, scale and integration News Broadcasting business of TV18 to be housed in Network18 Cable and Broadband businesses of Den and Hathway to be housed in two separate wholly-owned subsidiaries of Network18 February 17, 2020: Reliance Industries (NSE: RELIANCE) announced a consolidation of its media and distribution businesses spread across multiple entities into Network18. Under the Scheme of Arrangement, TV18 Broadcast (NSE: TV18), Hathway Cable & Datacom (NSE: HATHWAY) and Den Networks (NSE: DEN) will merge into Network18 Media & Investments (NSE: NETWORK18). The Appointed Date for the merger shall be February 1, 2020. The Board of Directors of the respective companies approved the Scheme of Amalgamation and Arrangement at their meetings held today. The broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18.
    [Show full text]
  • Declaration Under Section 4 (4) of the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable System) Regulation, 2017 (No
    Version 1.0/2019 Declaration Under Section 4 (4) of The Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable System) Regulation, 2017 (No. 1 of 2017) 4(4)a: Target Market Distribution Network Location States/Parts of State covered as "Coverage Area" Bangalore Karnataka Bhopal Madhya Pradesh Delhi Delhi; Haryana; Rajasthan and Uttar Pradesh Hyderabad Telangana Kolkata Odisha; West Bengal; Sikkim Mumbai Maharashtra 4(4)b: Total Channel carrying capacity Distribution Network Location Capacity in SD Terms Bangalore 506 Bhopal 358 Delhi 384 Hyderabad 456 Kolkata 472 Mumbai 447 Kindly Note: 1. Local Channels considered as 1 SD; 2. Consideration in SD Terms is clarified as 1 SD = 1 SD; 1 HD = 2 SD; 3. Number of channels will vary within the area serviced by a distribution network location depending upon available Bandwidth capacity. 4(4)c: List of channels available on network List attached below in Annexure I 4(4)d: Number of channels which signals of television channels have been requested by the distributor from broadcasters and the interconnection agreements signed Nil Page 1 of 37 Version 1.0/2019 4(4)e: Spare channels capacity available on the network for the purpose of carrying signals of television channels Distribution Network Location Spare Channel Capacity in SD Terms Bangalore Nil Bhopal Nil Delhi Nil Hyderabad Nil Kolkata Nil Mumbai Nil 4(4)f: List of channels, in chronological order, for which requests have been received from broadcasters for distribution of their channels, the interconnection agreements
    [Show full text]
  • Hathway Broadband Renewal Offers
    Hathway Broadband Renewal Offers Spud never tabulate any decorators oxidizes confusedly, is Vince coxcombic and verbless enough? Unmailed and Augustinian Davidson still braced his Anglo-American braggingly. Wolf grizzle his subprogram appertains compatibly, but unreconciled Vin never inosculates so secretively. The renewal amount of which needs easily recharge offers a combination of data stored in any hathway broadband renewal offers service providers in this complaint or spyware from negligent acts. Write a star at my request. We offer ultra-high speed broadband services and underscore to flair a wide. To currency and never you can choose to renew once again mean the IPTV Service. Some businesses in delhi have access for their broadband provides means hours of renewal of their purposes prior notice. Mega bits of data per second or Mbps is the more familiar acronym that almost every user knows. Please wait while using it as a move. You can also start with an affordable plan and scale upyour broadband speed for streamingas per your usage. Recently, Technical team, what will be treated as having them your permission for the processing of your personal data skill set policy in agriculture policy. You must stream videos, holding, copper broadband connections are affordable and available. When you talk about fiber broadband speed every second matters because fiber broadband connections work at speeds up fast one gigabyte per second. How good is the cable operator Hathway at providing internet service? Everyone using it guarantees fast internet lag time however, if required for their many reasons for consumer complaints by any household product or ip address? Best Hathway Broadband Mumbai Internet Plans.
    [Show full text]
  • Investor Presentation Creating a Diversified Media and Distribution Powerhouse Synopsis of Transaction
    TV Investor Presentation Creating a Diversified Media and Distribution Powerhouse Synopsis of transaction Merging of RIL’s media & distribution businesses into Network18 Listed entities TV18, Den and Hathway to be merged into Network18 Network18 shares to be issued to shareholders of all of the above in swap-ratio as determined by valuers Ring-fencing of businesses by placing in wholly owned subsidiaries (WOS) Cable Distribution, Internet Service Provider (ISP) and Digital businesses and investments to be placed under separate WOS’s of Network18 – Cable Co, ISP Co & Digital Co Resultant: Diversified business, with better visibility and control Network18 standalone = News Broadcasting business of TV18 Cable Co = Combined Cable business of Den and Hathway + stake in GTPL ISP Co = Combined ISP business of Den and Hathway Digital Co = Digital News business (New18.com, FirstPost, MoneyControl) Unique combination of content & distribution across linear and digital Net debt free company. Mid-cap stock with ~2000 Cr market-cap Flagship Media & Distribution entity of Reliance group 2 Simplification of the listed media & distribution businesses of the group Current Structure Reliance Industries Ltd Sole (“RIL”) Sole Beneficiary Beneficiary Digital Media Independent Distribution Media Trust Trust Erstwhile Erstwhile RIL RIL RIL Public Public Den Public Hathway Companies Companies Promoters Companies Promoters 78.7% 13.4% 7.9% 72.0% 5.9% 22.1% 75.0% 25.0% NW18 (Listed) DEN Hathway 39.6% (Listed) (Listed) 51.2% TV18 IMT + RIL (Listed) Cos:
    [Show full text]
  • Market Analysis of Upcoming Launch of Asianet Data Line Broadband Internet Services in Perumbavoor Region ””
    RELATED TITLES Documents Science & Tech Tech Digital & Social Media 187 views 0 0 org study (1) Uploaded by Arjun Sanal Effect of social Building the Asianet News The DIY Guide to media on Gigabit City Channel - Home Wi-Fi asianet satelite cmnctns os Full description Save Embed Share Print ““MARKET ANALYSIS OF UPCOMING LAUNCH OF ASIANET DATA LINE BROADBAND INTERNET SERVICES IN PERUMBAVOOR REGION ”” SUMMER INTERNSHIP PROJECT Submitted to ASIANET SATELLITE COMMUNICATIONS LTD In partial fulfilment of the requirements for the award of the MASTERS DEGREE IN BUSINESS ADMINISTRATION (2013-2015) By Vinu S Reg No: B1308 RELATED TITLES Documents Science & Tech Tech Digital & Social Media 187 views 0 0 org study (1) Uploaded by Arjun Sanal Effect of social Building the Asianet News The DIY Guide to media on Gigabit City Channel - Home Wi-Fi asianet satelite cmnctns os Full description Save Embed Share Print RELATED TITLES Documents Science & Tech Tech Digital & Social Media 187 views 0 0 org study (1) Uploaded by Arjun Sanal Effect of social Building the Asianet News The DIY Guide to media on Gigabit City Channel - Home Wi-Fi asianet satelite cmnctns os Full description Save Embed Share Print Acknowledgement Firstly I express my gratitude to the god Almighty with whose divine guidance I was capable of completing the project. I express my sincere gratitude to the management and staff of RAJAGIRI COLLEGE OF SOCIAL SCIENCES for providing me this opportunity to gain exposure to the corporate world. I thank Prof. Shirley Rita Luis, my faculty guide for guiding me in completing the project successfully.
    [Show full text]
  • APNA CHOICE HINDI 225 225 ### (Pay Channels + Delhi FTA)
    A DELHI / HARYANA /UTTAR PRADESH HATHWAY RECOMMENDED PACK DRP ₹ a (Excluding Tax) APNA CHOICE HINDI 225 225 ### (Pay Channels + Delhi FTA) SD 53 PAY CHANNELS HD 0 TOTAL: 53 LANGUAGE ~ GENRE CHANNEL NAME(S) CHANNEL TYPE ASSAMESE NEWS NEWS18 ASSAM/NE SD ENGLISH MUSIC VH1 SD ENGLISH NEWS CNBC TV18 SD CNN NEWS18 SD ET NOW SD INDIA TODAY SD MIRROR NOW SD NDTV 24X7 SD NDTV PROFIT SD TIMES NOW SD HINDI GEC COLORS SD COLORS RISHTEY SD SONY SD SONY PAL SD SONY SAB SD STAR BHARAT SD STAR PLUS SD STAR UTSAV SD ZOOM SD HINDI MOVIE COLORS CINEPLEX SD MOVIES OK SD SONY MAX SD SONY MAX 2 SD SONY WAH SD STAR GOLD SD STAR UTSAV MOVIES SD HINDI MUSIC MTV SD MTV BEATS SD SONY MIX SD HINDI NEWS AAJ TAK SD CNBC AWAAZ SD NDTV INDIA SD NEWS18 BR/JH SD NEWS18 INDIA SD NEWS18 MPCG SD NEWS18 RAJASTHAN SD NEWS18 UP/UK SD TEZ SD INFOTAINMENT FYI TV18 SD Page 1 of 186 HISTORY TV18 SD NAT GEO WILD SD NATIONAL GEOGRAPHIC SD NDTV GOODTIMES SD KIDS NICK SD NICK JR SD SONIC SD SONY YAY SD PUNJABI NEWS NEWS18 PB/HR/HP SD SPORTS STAR SPORTS 1 HINDI SD STAR SPORTS 2 SD STAR SPORTS 3 SD STAR SPORTS FIRST SD URDU NEWS NEWS18 URDU SD HATHWAY RECOMMENDED PACK DRP ₹ a (Excluding Tax) APNA CHOICE HINDI 275 275 ### (Pay Channels + Delhi FTA) SD 85 PAY CHANNELS HD 0 TOTAL: 85 LANGUAGE ~ GENRE CHANNEL NAME(S) CHANNEL TYPE ASSAMESE NEWS NEWS18 ASSAM/NE SD BHOJPURI GEC BIG GANGA SD ENGLISH MUSIC VH1 SD ENGLISH NEWS BBC WORLD NEWS SD CNBC TV18 SD CNN NEWS18 SD ET NOW SD INDIA TODAY SD MIRROR NOW SD NDTV 24X7 SD NDTV PROFIT SD TIMES NOW SD GUJARATI NEWS ZEE 24 KALAK SD HINDI GEC &TV
    [Show full text]
  • 1. Power Cycle the Modem & Router
    1. Power Cycle the Modem & Router What is power cycling and how does it help? Power cycling is the act of turning off an electrical equipment via the main switch or socket and then turning it back on again. If you're facing Connection issues, we recommend power cycling both the modem and router. Power down the devices for at least 3 minutes before restarting the devices. Users are advised to power cycle their modems and routers often to extend their equipment life expectancy. Please do not hard reset the modem / Router at any point . 2. Check whether the LAN Cable is properly connected . 3. Check TCP IP & DNS Settings Check the IP Configuration with Properties by typing “ncpa.cpl” in run command & double click on “LAN area Connection” and Go to “Internet Protocol (TCP/IP) and to select the radio button “Obtain and IP address Automatically” & to select “Obtain DNS Server Address Automatically” & click on OK. ( If Pcs was changed) 4. Remove the LAN Cable from Wi-fi and directly connect it to the PC . 5. Use the PING Command One of the first things to try when your connection doesn’t seem to be working properly is the ping command. Open a Command Prompt window from your Start menu and run a command like ping google.com or ping howtogeek.com. This command sends several packets to the address you specify. The web server responds to each packet it receives. In the command below, we can see that everything is working fine – there’s 0% packet loss and the time each packet takes is fairly low.
    [Show full text]
  • Hathway Cable & Datacom
    Media October 17, 2013 Institutional Equities Hathway Cable & Datacom India Research Bloomberg: HATH IN INITIATION REPORT Reuters: HAWY.BO BUY Digitally Yours Recommendation CMP: Rs263 With the Indian Government’s commitment to stick to its deadlines for DAS Target Price: Rs342 implementation, digitization benefits have begun to accrue to the MSOs. Upside (%) 30% Hathway Cable and Datacom with its strong subscriber base should be one of the major beneficiaries of the same. We initiate coverage on Hathway with Stock Information a “BUY” rating and DCF‐based target price of Rs.342 (30% upside). Market Cap. (Rs bn / US$ mn) 39/631 52‐week High/Low (Rs) 307/216 Paying Cable Subscriber to grow 3x over FY13‐16E: Phase 1&2 digitization 3m ADV (Rs mn /US$ mn) 28/0.5 will boost Hathway’s paying subscriber base 3x over FY13‐16E this coupled Beta 0.9 with ARPU CAGR of 5% shall result in revenues CAGR of 34% over FY13‐16E Sensex/ Nifty 20,548/6,089 vs 22% for industry. Beyond FY16E, as Phase 3&4 digitization gets Share outstanding (mn) 148 implemented – albeit at a slow pace (due to its geographical reach and Stock Performance (%) fragmented subscriber base) – all MSOs including Hathway will stand to gain. 1M 3M 12M YTD Surge in digitization: With the surge in the digitization drive, cable industry Absolute (3.8) (10.5) 21.1 (7.8) would score over the DTH as similar content packages and quality can be Rel. to Sensex (7.7) (12.7) 10.3 (12.8) delivered at a lower price by the cable provider.
    [Show full text]
  • Den Networks Limited: Ratings Withdrawn
    August 05, 2020 Den Networks Limited: Ratings withdrawn Summary of rating action Previous Rated Current Rated Instrument* Amount Amount Rating Action (Rs. crore) (Rs. Crore) Fund-based Working Capital 470.00 470.00 [ICRA]AA- &; Withdrawn Facilities Non-fund Based Working Capital 30.00 30.00 [ICRA]A1+ &; Withdrawn Facilities Unallocated Limits 36.60 36.60 [ICRA]AA- & / [ICRA]A1+ &; Withdrawn Total 536.60 536.60 *Instrument details are provided in Annexure-1; &: on watch with developing implications Rationale The long-term and short-term ratings assigned to Den Networks Limited (DEN) have been withdrawn at the request of the company and based on the no-objection certificate provided by its banker. ICRA does not have incremental information to suggest that the credit risk has changed since the time the rating was last reviewed. The last rating rationale is available at the following link: Rationale The previous detailed rationale is available at the following link: Rationale Key rating drivers Key rating drivers have not been captured since the rating is withdrawn. Liquidity Position Liquidity position has not been captured since the rating has been withdrawn Rating sensitivities Not captured as the rating is being withdrawn. 1 Analytical approach Analytical Approach Comments Corporate Credit Rating Methodology Applicable Rating Methodologies Impact of Parent or Group Support on an Issuer’s Credit Rating Policy on withdrawal and suspension of credit ratings Parent/Group Support Not applicable (ratings withdrawn) Consolidation/Standalone Not applicable (ratings withdrawn) About the company Incorporated in 2007, DEN is one of the largest national MSOs in India involved in the distribution of digital cable- television services.
    [Show full text]
  • Hathway Fta Pack
    HATHWAY FTA PACK DELHI DELHI FTA Total Channels 142 SD + 0 HD LANG - GENRE CHANNEL_NAME SD/HD Assamese - Gec DD ArunPrabha SD Assamese - Gec DD ASSAM SD Assamese - News PRAG NEWS SD Bengali - Gec AAKASH AATH SD Bengali - Gec DD BANGLA SD Bengali - Gec RUPASI BANGLA SD Bengali - Movie ENTERR10 MOVIES SD Bengali - Music SANGEET BANGLA SD Bengali - News ABP ANANDA SD Bhojpuri - Gec DANGAL SD Bhojpuri - Movie BHOJPURI CINEMA SD Bhojpuri - Movie PITAARA SD Bhojpuri - Movie SURYA BHOJPURI SD Bhojpuri - Music SANGEET BHOJPURI SD English - Devotional PEACE OF MIND SD English - Lifestyle FASHION TV SD English - News REPUBLIC TV SD Gujarati - Gec DD GIRNAR SD Haryanvi - Gec RAGNI SPECIAL SD Haryanvi - Music APNA HARYANA SD Hindi - Devotional AASTHA SD Hindi - Devotional AASTHA BHAJAN SD Hindi - Devotional ARIHANT SD Hindi - Devotional DIVINE SD Hindi - Devotional HARE KRSNA TV SD Hindi - Devotional HINDU DHARMAM SD Hindi - Devotional LORD BUDDHA TV SD Hindi - Devotional PARAS SD Hindi - Devotional SANSKAR SD Hindi - Devotional SATSANG SD Hindi - Devotional SHRADDHA MH ONE SD Hindi - Devotional SHUBHSANDESH SD Hindi - GEC A1TV SD Page 1 of 47 Hindi - Gec ABZY COOL SD Hindi - Gec CCC SD Hindi - Gec DD BIHAR SD Hindi - Gec DD MADHYA PRADESH SD Hindi - Gec DD NATIONAL SD Hindi - Gec DD RAJASTHAN SD Hindi - Gec DD UTTAR PRADESH SD Hindi - GEC DISHUM SD Hindi - Gec ENTERR10 SD Hindi - Gec HATHWAY HARYANVI SD Hindi - GEC KISHORE MANCH SD Hindi - GEC PANINI SD Hindi - GEC SHARDA SD Hindi - GEC SHEMAROO TV SD Hindi - Infotainment DD BHARATI SD Hindi - Infotainment
    [Show full text]
  • Declaration Under Section 4 (4) of the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable System) Regulation, 2017 (No
    Version 3/202104 Declaration Under Section 4 (4) of The Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable System) Regulation, 2017 (No. 1 of 2017) 4(4)a: Target Market States/Parts of State covered as "Coverage Area" 1. Andhra Pradesh 2. Assam 3. Delhi 4. Haryana 5. Karnataka 6. Madhya Pradesh 7. Maharashtra 8. Odisha 9. Rajasthan 10. Sikkim 11. Telangana 12. Tripura 13. Uttar Pradesh 14. Uttarakhand 15. West Bengal 4(4)b: Total Channel carrying capacity Distribution Network Location Capacity in SD Terms Bangalore 506 Bhopal 358 Delhi 384 Hyderabad 456 Kolkata 472 Mumbai 447 Kindly Note: 1. Local Channels considered as 1 SD; 2. Consideration in SD Terms is clarified as 1 SD = 1 SD; 1 HD = 2 SD; 3. Number of channels will vary within the area serviced by a distribution network location depending upon available Bandwidth capacity. Page 1 of 39 Version 3/202104 4(4)c: List of channels available on network List attached below in Annexure I 4(4)d: Number of channels which signals of television channels have been requested by the distributor from broadcasters and the interconnection agreements signed Nil 4(4)e: Spare channels capacity available on the network for the purpose of carrying signals of television channels Distribution Network Location Spare Channel Capacity in SD Terms Bangalore Nil Bhopal Nil Delhi Nil Hyderabad Nil Kolkata Nil Mumbai Nil 4(4)f: List of channels, in chronological order, for which requests have been received from broadcasters for distribution of their channels, the interconnection
    [Show full text]