abc members list

AUDIT BUREAU OF CIRCULATIONS

COUNCIL OF MANAGEMENT Chairman Sam Balsara Madison Communications Pvt. Ltd. Dy. Chairman T. Venkattram Reddy “Deccan Chronicle”, Deccan Chronicle Holdings Ltd. Hony. Secretary Shashidhar Sinha McCann Erickson (India) Pvt. Ltd. Hony. Treasurer Madhukar Kamath Mudra Communications Pvt. Ltd. Members Shailesh Gupta ”Dainik Jagran”, Jagran Prakashan Ltd. M. Venkatesh “Hindustan”, Hindustan Media Ventures Ltd. Amit Mathew “Bhashaposhini”, Malayala Manorama Co. Ltd. Aritra Sarkar “The Telegraph”, ABP Pvt. Ltd. I.Venkat “Eenadu”, Ushodaya Enterprises Pvt. Ltd. Hormusji N. Cama “Bombay Samachar”, The Bombay Samachar Pvt. Ltd. Devendra Darda “Lokmat Samachar”, Lokmat Media Pvt. Ltd. Vikram Sakhuja Group M Media India Pvt. Ltd. S. M. Ahmad ITC Ltd. Ravi Pisharody Tata Motors Ltd. Debabrata Mukherjee Coca Cola India Pvt. Ltd. Anil Dua Hero Motocorp Ltd. Bankers Bank of India, Mumbai. Standard Chartered Bank, Mumbai. Statutory Auditors Ford, Rhodes, Parks & Co. Mumbai. Solicitors Mulla & Mulla & Craigie Blunt & Caroe, Mumbai. Bureau Auditors Amit Ray & Co. MKPS & Associates Ray & Ray A. Sachdev & Co. Natvarlal Vepari & Co. S. P. Chopra & Co. K. K. Mankeshwar & Co. P. R. Mehra & Co Thakur, Vaidhyanath Aiyar & Co. Secretary General H. B. Masani Registered Office: Wakefield House, 4th Floor, Sprott Road,

Ballard Estate, Mumbai – 400 001. Telephone : (022) 22611812, 22619072 Fax (022) 22618821 E-mail : [email protected] Website : http://www.auditbureau.org.

mailto:[email protected]

http://www.auditbureau.org/

_________________________________________________________________________________________________________


N O T I C E

Notice is hereby given that the Sixty-Fourth Annual General Meeting of Members of Audit Bureau of Circulations will be held on Friday, 14th September 2012 at Mumbai at 2.30 p.m. at “North Room”, Mayfair Banquets (P) Ltd., 254-C, Dr. Annie Besant Road, Worli, Mumbai 400 030 to transact the following business:- 1. To receive and adopt the Annual Report of the Council of Management and Audited Statement of

Accounts for the year ended 31st March, 2012. 2. To appoint a Member of the Council of Management in place of Mr. T. Venkattram Reddy, Publisher

Member on the Council, who retires by rotation under Article 26, and being eligible, offers himself for re-appointment.

3. To appoint a Member of the Council of Management in place of Mr. Shailesh Gupta, Publisher Member

on the Council, who retires by rotation under Article 26 , and being eligible, offers himself for re-appointment.

4. To appoint a Member of the Council of Management in place of Mr. Amit Mathew, Publisher Member on

the Council, who retires by rotation under Article 26, and being eligible, offers himself for re-appointment. 5. To appoint a Member of the Council of Management in place of Mr. I. Venkat, Publisher Member on the

Council, who retires by rotation under Article 26, and being eligible, offers himself for re-appointment.

6. To appoint a Member of the Council of Management in place of Mr. S.M. Ahmad, Advertiser Member on the Council, who retires by rotation under Article 26, and being eligible, offers himself for re-appointment.

7. To appoint a Member of the Council of Management in place of Mr. Madhukar Kamath, Advertising

Agency Member on the Council, who retires by rotation under Article 26, and being eligible, offers himself for re-appointment

8. To appoint a Member of the Council of Management in place of Mr. Sam Balsara

who has since intimated his desire to retire from the Council as an advertising agency representative. 9. To appoint Statutory Auditors for the year 2012-2013 to hold office from the conclusion of this Annual

General Meeting till the conclusion of the next Annual General Meeting. . 10. To consider following Special Resolutions as approved by the Bureau’s Council of Management:

(i) RESOLVED THAT a new Clause No. 3(aaa) be inserted after the existing clause No. 3(aa) in the main object clause No. 3 of Memorandum of Association stating that “the company may undertake circulation audits, digital audits of publications printed and published within India or outside India as well as measurements of websites carrying advertisements through any electronic device and disseminate such information to all members”.

2

3

(ii) RESOLVED THAT a new Clause 3(i)(c) be inserted after the existing clause No. 3 (i)(b)

in Articles of Association stating that “the company may enroll as Associate Members from outside India viz. publishers, advertising / media agencies, advertisers, non-governmental organizations, website owners or any other person / organisations connected with advertising. Associate members residing outside India to be enrolled without any voting rights”.

11. To transact any other business relevant to the meeting with permission of the Chair.

By Order of the Council of Management of Audit Bureau of Circulations,

Registered Office: Wakefield House, 4th Floor, Sprott Road, Ballard Estate, MUMBAI 400 001.

H.B. Masani Secretary General

Mumbai, July 13, 2012 NOTES: (i) A Member entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of himself on a

poll only. A proxy need not be a Member. Proxies in order to be effective must be received at the office of the Bureau not less than forty-eight hours before the Annual General Meeting.

(ii) Members are requested to notify any change in their address immediately to the Bureau.

(iii) Members queries (if any) on the statement of accounts of the Bureau should be received by the Secretariat at least seven days prior to the date of the Annual General Meeting in order to enable the Bureau prepare its appropriate reply.

(iv) Members are also requested to kindly bring their copy of the Annual Report and Accounts to the Meeting.

_________________________________________________________________________________________________________

Explanatory Statements

Pursuant to Section 173(2) of the Companies Act, 1956

Item No. 10 : (i) Resolution set out under item no. 10 of the accompanying notice of the Annual General

Meeting, members are hereby informed that Bureau’s Council of Management have decided to explore the possibility of undertaking circulation audits of publications printed and published outside India specially in Dubai, Middle East and SAARC countries where an ABC does not exist. Your Company would in future also take steps to undertake web audits, digital audits of publications printed and published within India or Outside India as well as web measurements of websites carrying advertisements on any electronic devices. Your Company would then disseminate the data to all members of the Company

(ii) Your Company would take steps to enroll as Associate Members those residing outside India namely, Publishers, Advertising / Media Agencies, Advertisers, Organisations, Government Departments, Website owners or any other person or organization connected with advertising and desiring to avail of the data compiled by the Company.

Such Associate Members residing outside India would be enrolled without any voting rights to elect members of the Bureau’s Council of management.

Prior approval from Registrar of Companies, Maharashtra, Mumbai has been obtained for both the above Special Resolutions. No member of the Council is interested in the above Resolutions in their individual capacity as set out in the said item no. 10 of the accompanying notice.

------

4

5

Report of the Council of Management of

Audit Bureau of Circulations for the year 2011 – 2012

TO, ALL MEMBERS OF THE BUREAU: Your Council of Management have pleasure in presenting the Sixty-Fourth Annual Report on the working of the Bureau for the year 2011-2012. The Audited Statement of Accounts and the Auditor’s Report for the year under review are also attached. 1. COUNCIL OF MANAGEMENT:

1.1 Your Council met seven times during the year 2011-2012. Your Council discussed at

length, several policy issues which were comprehensively evaluated taking into accountvarious suggestions received from members in order to ensure that the certifiedcirculation figures disseminated to the users are relevant and dependable.

1.2 Chairman, Mr. Sam Balsara intimated his desire to retire from the Bureau’s Council of Management as per convention after the Annual General Meeting of the Bureau. Mr. Balsara contributed immensely towards the progress of the Bureau first as the Hony. Treasurer and thereafter as the Deputy Chairman and Chairman of the Bureau. Mr. Balsara had for the past many years carried out the responsibility of Chairing the Bureau’s Audit Committee, scrutinizing several results of Bureau’s audits etc. Mr. Balsara took considerable interest in the deliberations of the Council from a non publisher’s perspective and was instrumental in guiding the Council in its decision making process.

2. INITIATIVES TAKEN BY THE COUNCIL:

Mr. Sam Balsara after taking over as the Chairman of your Council enunciated that during the year his attempt would be to:

2.1 Take such steps as deemed appropriate to improve the credibility of the ABC Certificate.

2.2 To reduce if not eliminate unnecessary hardships that Publishers have to go thru at the time of Bureau audit.

With a view to achieving the above twin objectives, your Council took a number of initiatives as under:

2.3 (i) Your Council had preliminary discussions with KPMG, Ernst & Young and PWC to see if one of these consultancies can be enlisted to help your Council prepare a blue print with a view to achieving the above twin objectives. Proposals were received from all 3 consultancies. Your Council feels that in the coming months one of them may be considered but after a decision is taken on some of the initiatives listed below.

_________________________________________________________________________________________________________

(ii) Your Council discussed the possibility of doing away with the current system of dual audits; i.e. Publisher audit conducted by an auditor from an approved panel, but appointed by the Publisher and Bureau audit done on a selective surprise check basis done by an auditor appointed by the Bureau. Your Council discussed the possibility of replacing the dual audits with a single audit done on a 100% basis by auditors appointed by the Bureau itself at the first place. After a series of discussions over several meetings it has been agreed to adopt this proposal with effect from audit period January-June 2013. Advertiser and Agency Members or the Council feel that such a step would substantially add to the credibility and authenticity of the ABC certificate.

Your Council also formed a small Committee of publisher and non-publisher members on the Council to frame guidelines for carrying out this direct audit by auditors appointed by the Council in the near future. A significant decision was made where a Publisher member would be provided an option to select any audit firm(s) from within the 3 audit firms approved by the Council. Payment to auditors and recovery mechanism from publisher members is being worked out.

(iii) With a view to ensuring that a thorough and standardized audit is carried out by auditors, your Council has proposed an exhaustive check list of the areas to be covered by the auditor during the course of the audit, so that the Bureau is assured that a thorough, complete and standard job has been completed by the Auditors.

(iv) With a view to remove arbitrariness your Council is also attempting to document a list of reasons or circumstances under which deduction of copies are required to be carried out or a certificate to be denied to a Publisher.

3. APPLICATION FEES:

Your Council also decided to henceforth charge only a token application fee from new publisher applicants instead of usual one time admission fee and one year annual subscription fees at the time of application for Bureau membership. Admission fee and one year subscription would thereafter be charged once a publisher obtains the first ABC certificate of circulation and becomes eligible to enroll itself as a member of the Bureau.

4. MEMBERSHIP:

The breakup of membership as compared to the previous period was as under:

Category 2012 2011 Advertisers 61 60 Advertising Agencies 138 152 News Agencies & Associations etc. 15 214 24 236 Publishers: Daily Newspapers 527 508 Weekly Newspapers 72 95 Magazines 71 670 71 674

Total 884 910

6

7

5. EMPANELMENT OF ADDITIONAL FIRMS OF PUBLISHER AUDITORS

During the year, Bureau empanelled 24 firms of Chartered Accountants as publisher auditors to undertake circulation audit of publisher members. This exercise was carried out in order to provide publisher members greater access to an audit firm. Publisher members would continue to select any firm from the empanelled firms of Chartered Accountants to audit their circulation figures as per provisions of the Guide to ABC Audit.

6. TASK FORCE

A Task Force was formed to review and suggest re-designing and re-development of Bureau’s website: www.auditbureau.org. Task Force members under the Chairmanship of Mr. S.M. Ahmad met several times to prepare a RFP to be issued to various agencies who normally undertake designing of websites. After reviewing the proposals from various agencies, Task Force Members decided to suggest to the Council that the work could be assigned to M/s. Quosphere Infosolutions Pvt. Ltd., Mumbai. The Bureau’s website enables all members of the Bureau to access information on certified circulation figures as disseminated by the Bureau and updated on the website from time to time.

7. RESULTS OF BUREAU’S SURPRISE CHECKS:

For past several years, Bureau has been following the practice of undertaking surprise checks of member publications by a separate panel of Bureau’s Auditors. Surprise checks have been found to be a useful tool to measure actual printing, distribution and regular maintenance of books of accounts by publisher members. Overall results of Surprise Checks undertaken during the year were satisfactory.

2011 2011 Jan- Jun 2011

Jul-Dec 2011

Total surprise checks carried out 51 56 Result Satisfactory 47 47 Result Unsatisfactory 4 9

8. RESULTS OF BUREAU’S SURPRISE RECHECK AUDITS:

Apart from the regular Surprise Checks, Bureau’s Audit Committee suggested Surprise

Recheck audits during the two audit periods viz. January-June 2011 and July-December 2011. A Summary of results of Bureau’s Surprise Recheck Audits completed are as under : Audit Periods Result of Surprise Recheck Audits Jan-June

2011 Jul-Dec 2011

No. of Publications → Showing 'Nil' Variance (satisfactory)

43

22

→ Showing 'Some' Variance (satisfactory) 75 25 → Unsatisfactory 13 18

Total 131 65

Circulation figures in case of unsatisfactory surprise recheck audits were treated as “Not Accepted” for certification.


_________________________________________________________________________________________________________

Out of the above, 11 publications for the audit period July-December 2011 and 30 publications for the audit period January-June 2011 were put through a surprise recheck audit on admission.

9. CERTIFIED CIRCULATION FIGURES OF MEMBER PUBLICATIONS:

A comparative table showing the percentage change in the certified circulation figures for each category viz. Daily Newspapers, Weekly Newspapers and Magazines during the audit period July-December 2011 as compared to the audit period July-December 2010 was as under:

DAILY NEWSPAPERS WEEKLY

NEWSPAPERS MAGAZINES TOTAL

JUL-DEC 2011 51,114,904

(501) (0.06%) ↑ 4,742,379

(71) (4.2%)↑ 6,371,627

(65) (2.58%)↑ 62,228,910

(637)

(0.62%)↑

JUL-DEC 2010 51,084,048 (493)

4,551,373(58)

6,211,391(66)

61,846,812 (617)

For the audit period July-December 2011, circulation figures of 27 Daily & Weekly

Newspapers, 6 Magazines were not certified either due to non submission, late submission, unsatisfactory result of Bureau’s Audits.

10. ONLINE SUBMISSION OF AUDITED CIRCULATION FIGURES BY MEMBER PUBLICATIONS:

Publisher members were provided with a software to be down loaded from the Bureau’s website: www.auditbureau.org to enable them submit audited circulation figures electronically. Bureau is in the process of carrying out further enhancements to the certification software. Publisher members would find it easier to submit their audited circulation figures in future when the new software is installed.

11. AUDITORS:

Messers Ford, Rhodes, Parks & Co., Chartered Accountants, retire as Statutory Auditors of the Bureau and are eligible for re-appointment for the financial year 2012-2013.

Your Council has favourably considered their request to increase their audit fees from Rs.30,000/- to Rs. 40,000/- plus taxes as applicable plus out of pocket expenses with effect from financial year 2012-2013.

12. BUREAU’S STAFF:

Secretariat led by the Secretary General with assistance from other staff members accomplished all tasks assigned to them satisfactorily and competently handled all matters pertaining to the Bureau.

13. DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to the requirement under Section 217 (2AA) of the Companies Act, 1956, with respect to Directors’ Responsibility Statement, it is hereby confirmed:

(i) That in the preparation of the accounts for the financial year ended 31st March 2012, the applicable accounting standards have been followed and that no material departure have been made from the same.

8


9

(ii) That the Directors have selected such accounting policies and applied them consistently and made judgements and estimates that were reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the Income & Expenditure account of the Company for the year under review.

(iii) That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) That the Directors have prepared the annual statement of accounts for the financial year ended 31

st March, 2012 on a ‘going concern’ basis.

14. ELECTIONS:

Under Article 26 of the Bureau’s Articles of Association, following Members are due to retire

from the Council of Management but are eligible for re-election under Article 28 of Bureau’s Articles of Association:

1. Mr. T. Venkattram Reddy 4. Mr. Madhukar Kamath 2. Mr. Shailesh Gupta 5. Mr. Amit Mathew 3. Mr. S.M. Ahmad 6. Mr. I. Venkat

Mr. Sam Balsara has since intimated his desire to retire from the Council as

per convention. Council records its gratitude to all Members, Auditors and Staff for their involvement and

co-operation extended by them which made it possible for the Bureau to complete another successful year.

For and on behalf of the Council of Management

of Audit Bureau of Circulations

Sam Balsara Chairman

MUMBAI, 13th July, 2012

_________________________________________________________________________________________________________

REPORT OF THE AUDITORS TO THE MEMBERS OF

AUDIT BUREAU OF CIRCULATIONS We have audited the attached Balance Sheet of Audit Bureau of Circulations as at 31st March 2012, the Statement of Income & Expenditure and also the Cash Flow Statement of the Bureau for the year ended on that date annexed thereto. These Financial Statements are the responsibility of the Bureau's Management. Our responsibility is to express an opinion on these Financial Statements based on our audit. We conducted our audit in accordance with the Auditing Standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. We report as follows: 1) The Bureau has obtained a license under Section 25(3) of the Companies Act, 1956, hence this report

does not deal with the matters specified in the Companies Auditor's Report Order(CARO), 2003 (as amended) issued by the Central Government in terms of Section 227(4A) of the Companies Act,1956.

2) i) We have obtained all information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit.

ii) In our opinion, proper books of accounts as required by law have been kept by the Bureau so

far as appears from our examination of the books. iii) The Balance Sheet and the Income and Expenditure account dealt with by this report are in

agreement with the books of account. iv) In our opinion, the Balance Sheet and the Income and Expenditure Account comply with the

Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956, to the extent applicable.

v) As per representations received from the council members as on 31st March 2012 and

recorded by the Bureau none of the council members are disqualified from being appointed as director under clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.

10

11

vi) In our opinion and to the best of our information and according to the explanations given to us, the said financial statements read together with the Significant Accounting Policies and other notes thereon give the information required by the Companies Act, 1956, in the manner so required, and present a true and fair view in conformity with the accounting principles generally accepted in India :

a) In the case of the Balance Sheet, of the state of affairs of the Bureau as at 31st March 2012.

b) In the case of the Income and Expenditure Account, of the excess of income over expenditure of the Bureau for the year ended on that date.

c) In the case of the Cash Flow Statement, of the cash flows of the Bureau for the year ended on that date.

For FORD, RHODES, PARKS & CO. Chartered Accountant Firm Registration No. 102860W

A. D. SHENOY Place: Mumbai Partner. Date: 21st May, 2012 Membership No. 11549

12 12

AUDIT BUREAU OF CIRCULATIONSBalance Sheet as at 31st March, 2012

Note As at As atNo. 31.03.2012 31.03.2011

EQUITY AND LIABILITIES Rupees RupeesSHAREHOLDERS' FUNDS

Share Capital 1 - - Reserves and Surplus

Reserves and Surplus 2 115,876,603 107,027,506 115,876,603 107,027,506

NON-CURRENT LIABILITIESLong term provisions 3 8,500,607 7,890,615

8,500,607 7,890,615 CURRENT LIABILITIES

Other current liabilities 4 6,700,350 4,442,672 6,700,350 4,442,672

TOTAL LIABILITIES 131,077,560 119,360,793 ASSETSNON-CURRENT ASSETSFixed assets

Tangible assets 5 467,246 634,125 Non Current Investments Long Term Investments 6 47,635,000 42,636,826 Long Term Loans and Advances 7 4,239,316 4,609,157

52,341,562 47,880,108 CURRENT ASSETS

Receivables 8 685,078 567,101 Cash and Bank Balance

Cash and Cash Equivalents 9 76,833,615 70,104,293 Other Current Assets

Short-term loans and advances 10 430,878 7,967 Interest Accured 11 786,427 801,324

78,735,998 71,480,685 TOTAL ASSETS 131,077,560 119,360,793 Notes forming part of the accounts 1 to 16Additional Notes forming part of Accounts 17As per our report of even date.For FORD, RHODES, PARKS & CO, Sam BalsaraChartered Accountants ChairmanFirm Registration No. 102860 W

A.D. SHENOY Madhukar KamathPartner (Membership No.11549) Hony. Treasurer

Place : Mumbai H.B. MasaniDate : 21st May, 2012 Secretary General

13

Dated: 21st May, 2012 Secretary General

13

NRSC 16 18,957 66,290

TOTAL 16,505,803 13,675,740

Add: Balance brought forward 5,717,042 5,292,098

As per our report attached to the Balance Sheet

Firm Registration No. 102860W

Membership No. 11549

AUDIT BUREAU OF CIRCULATIONSSTATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST MARCH 2012

Note Year Ended Year EndedNo. 31.03.2012 31.03.2011

INCOME Rupees RupeesABCContribution from members 14,512,844 12,292,183 Entrance fees 158,750 761,075 Other income 12 7,969,029 5,981,136

Sub Total 22,640,623 19,034,394

NRSC 13 2,555,527 1,815,256

TOTAL 25,196,150 20,849,650 EXPENDITURE

ABCStaff costs and benefits 14 8,908,628 7,198,617 Office and general expenses 15 7,233,034 5,490,323 Depreciation 186,434 159,435 Entrance fees transferred to Balance Sheet 158,750 761,075

Sub Total 16,486,846 13,609,450

Excess of income over expenditureABC 6,153,777 5,424,944 NRSC 2,536,570 1,748,966

14,407,389 12,466,008 Less: Transfer to Reserves ABC General Reserve 6,000,000 NRSC Corpus 2,536,570 8,536,570 6,748,966

Balance Carried to Balance Sheet 5,870,819 5,717,042

Notes forming part of the accounts 1 to 16Additional Notes forming part of Accounts 17

For FORD,RHODES PARKS & CO. Sam BalsaraChartered Accountants Chairman

A. D. Shenoy Madhukar KamathPartner Hony. Treasurer

Place: Mumbai H.B. Masani

________________________________________________________________________________________________


Notes 1 to 17 annexed to and forming part of the Balance Sheet and the Statement of Income and Expenditure of Audit Bureau of Circulations for the Year ended 31st March 2012

Note 1. Share holders fund / Share capital:

The company is registered under Section 25 of the Companies Act, 1956, without a share capital. There are no share holders in the company and there is no share capital. Therefore shareholders fund in the Balance Sheet as at 31.03.2012 is NIL.

Member’s rights, restrictions and responsibilities: Any publisher either a newspaper or a magazine which bears a cover price can apply for Bureau Membership. The activities of the Bureau are governed through its Council of Management which is an elected body elected by its members at the Annual General Meeting.

The Council of Management comprises of – i. 8 elected representatives of Publisher members ii. 4 elected representatives of Advertising Agency members iii. 4 elected representatives of Advertiser members

The Bureau has appointed a full time Secretary General who reports to the Council of Managements and takes their guidance and orders. The membership in the company is not transferrable.

Note.2 Reserves and Surplus:

The Reserves and Surplus of the Company does not form part of share holder’s fund, as there is no share capital and no share holders in the Company.

The reserves comprises of the following:

RupeesAs at

31.03.2012 Rupees

As at 31.03.2011

Rupees(i) Entrance

Fees

Entrance fees as per last Balance Sheet Transferred from Income and Expenditure Account

9,929,057

Fees received during the year

158,750 10,087,807 9,929,057

Closing balance (1) 10,087,807 9,929,057(ii) General

Reserve Balance as per Last Balance Sheet

61,273,097 56,273,097

Add : - Additions during the year

6,000,000 5,000,000

Closing balance (2) 67,273,097 61,273,097

14

___________________________________________________________________________________________

(iii) NRS Corpus Balance as per Last Balance Sheet 30,108,310

Add: Additions during the year

2,536,570

Closing balance(3) 32,644,880 30,108,310 (iv) Surplus

Income and Expenditure Account Balance

5,870,819 5,717,042

Closing balance(4) 5,870,819 5,717,042 Total (1+2+3+4): 115,876,603 107,027,506

The above reserves will be utilised for the purposes as permitted in the Articles of Association and Companies Act, 1956. NON-CURRENT LIABILITIES:

Note 3. Long Term Provisions:

The breakup of provisions are as under

As at 31.03.2012

Rupees

As at 31.03.2011

RupeesProvision for staff Leave encashment 2,845,388 2,561,921 Provision for staff gratuity 5,655,219 5,328,694

Total 8,500,607 7,890,615 CURRENT LIABILITIES Note 4. Other Current Liabilities

As at 31.03.2012

Rupees

As at 31.03.2011

RupeesAdvance Membership fees 4,289,130 2,487,230 Prepaid Subscription 335,376 530,950 Trade payables

281,250

71,450 Short Term provisions for expenses 1,794,594 1,353,042

Total 6,700,350 4,442,672

15

________________________________________________________________________________________________

NON –CURRENT ASSETS: Fixed assets: Note 5. Tangible Assets

Furniture and

Fittings

Equipment

Computers

Motor Vehicles

Total Previous year

Cost or Valuation

Rupees Rupees Rupees Rupees Rupees Rupees

As at 31.03.2011 669,007 395,526 686,223 780,038 2,530,794 2,536,294

Additions - 8,300 13,500 - 21,800 15,000Deductions - 6,593 1,28,333 - 134,926 20,500As at 31.03.2012 669,007 397,233 571,390 780,038 2,417,668 2,530,794

DEPRECIATION

As at 31.03.2011 585,947 307,962 503,516 499,244 1,896,669

1,756,050

For the year 15,025 12,906 85,805 72,698 186,434 159,435Deductions - 6,547 126,134 - 132,681 18,816As at 31.03.2012 600,972 314,321 463,187 571,942 1,950,422 1,896,669

NET BLOCK As at 31.03.2012 68,035 82,912 108,203 208,096 467,246

As at 31.03.2011 83,060 270,271 182,707 280,794 634,125

NON CURRENT INVESTMENTS

Note 6. Long Term Investments at cost:

Details are as under

As at 31.03.2012

Rupees

As at 31.03.2011

RupeesICICI Regular Income Bond - 2007 - 227 Bonds 2,270,000 2,270,000 Government of India 8% Savings (Taxable) Bonds – 2003 17,500,000 21,500,000 Housing Development Finance Corporation- Term Deposit 25,750,000 16,751,826 6.75% State Government Development Loan 2013 1,000,000 1,000,000

10.03% Government Securities 2019 1,115,000 1,115,000

Total 47,635,000 42,636,826

16

___________________________________________________________________________________________

17

Note 7. Long Term Loans and Advances As at

31.03.2012 Rupees

As at 31.03.2011

Rupees Security Deposit 26,580 26,580 Tax deducted at source 4,212,736 4,582,577

Total 4,239,316 4,609,157

CURRENT ASSETS

Note 8. Receivables As at

31.03.2012 Rupees

As at 31.03.2011

Rupees(Unsecured, considered good) (Outstanding for more than six months Rs. Nil previous year Rs. Nil)

685,078 567,101

Total 685,078 567,101

Cash and Bank Balance:

Note 9. Cash and Cash Equivalents As at

31.03.2012 Rupees

As at 31.03.2011

RupeesCash on hand 17,786 7,967With Scheduled banks on Current / Saving Accounts (includes NRS Bank Balance Rs.12,80,645/-, Previous year Rs.8,32,471/-)

4,054,829 4,245,326

Sub Total 4,072,615 4,253,293 Fixed deposits with banks Maturity less than one year, Maturity more than 1 year

56,261,00016,500,000

72,761,000

64,651,000

1,200,000Total 76,833,615 70,104,293

OTHER CURRENT ASSETS

Note 10. Short-term loans and advances

As at 31.03.2012

Rupees

As at 31.03.2011

Rupees Prepaid expenses 430,878 7,967

Total 430,878 7,967

Note 11. Interest Accrued. As at

31.03.2012 Rupees

As at 31.03.2011

RupeesInterest Accrued but not received as on 31.03.2012 786,427 801,324

18 18

AUDIT BUREAU OF CIRCULATIONSNotes forming part of the Income and Expenditure

for the year ended 31st March, 2012Year Ended Year Ended31.03.2012 31.03.2011

Rupees RupeesNote 12

OTHER INCOMEInterest on:

ICICI Bonds 222,460 222,460 Term deposit with HDFC 1,678,748 1,098,792 Government Securities 167,800 167,800 Government of India 8% Savings (Taxable) Bonds - 2003 1,549,607 2,029,787 Deposit with banks 3,966,454 2,457,655 Refund of TDS 378,697 -

Miscellaneous Income 5,263 4,642 7,969,029 5,981,136

Note 13

NRSC - IncomeInterest on Deposits with Banks 2,555,527 1,815,256

2,555,527 1,815,256 Note 14

STAFF COSTS AND BENEFITSSalaries 5,751,841 5,221,969 Provision - Staff Gratuity & Leave Encashment 1,748,396 824,325 Contribution to Provident & Superannuation Fund 1,125,878 944,264 Staff Benefits 282,513 208,059

8,908,628 7,198,617 Note 15

OFFICE AND GENERAL EXPENSESRent, Rates, Taxes and Insurance 509,675 55,872 Meeting Expenses 389,084 347,722 Electricity Expenses 140,791 162,261 Bureau Audit Expenses 1,652,046 1,472,961 Auditors' Fees 31,555 34,426 Professional charges 2,636,730 1,944,761 Printing and stationery 539,568 530,051 Telephone, postage and Courier 295,428 242,011 Repairs and Maintenance 543,103 251,372 Conveyance Expenses 398,694 356,088 Loss on Sale of Asset 246 684 Sundry Expenses 96,114 92,114

7,233,034 5,490,323

AUDIT BUREAU OF CIRCULATIONSNotes forming part of the Income and Expenditure

for the year ended 31st March, 2012Year Ended Year Ended31.03.2012 31.03.2011

Rupees Rupees

Note 16

NRSC - ExpensesConveyance Expenses - 643 Meeting Expenses 18,837 48,082 Misc Expenses 120 120 Professional Fees - 16,545 Telephone, Postage & Courier - 900

18,957 66,290

19 19

________________________________________________________________________________________________

Note 17. ADDITIONAL NOTES ON ACCOUNTS.

Notes Forming Part of the Financial Statements of Audit Bureau of Circulations for the year Ended 31st March, 2012.

A. Company background

Audit Bureau of Circulations is A NOT FOR PROFIT Organisation registered as a Company U/s 25 of the Companies Act 1956 without a Share Capital. The Members of the Bureau includes mainly of Publishers of Newspapers/ Magazines bearing a cover price, Advertisers, Advertising & Media Agencies and Government Publicity Departments.

The Bureau is engaged in providing to its members third party independent verification of circulation figures of member publications certified as per the prescribed audit rules and procedures.

The Bureau is registered under Section 12A as a Charitable Organisation and is assessed Under Section 11 of Income Tax Act 1961 and hence its income is exempt from tax.

B. Significant accounting policies

(i) Basis of accounting :

The Accounts have been prepared on accrual basis in accordance with the Accounting Standards referred to in Section 211 3(C) of the Companies Act 1956, which have been prescribed by the Companies Act (Accounting Standards) Rules 2006 and the provision of Companies Act 1956 to the extent applicable. Accounting policies have been consistently applied except where a newly issued Accounting Standard is initially adopted or a revision to the existing Accounting Standard or a more appropriate presentation of the Financial Statements requires change in accounting policy hitherto in use.

(ii) Fixed Assets and Depreciation : All Fixed Assets are stated at cost of acquisition less accumulated depreciation. Depreciation is provided on written down value method at the rates specified under Schedule XIV of the Companies Act, 1956.

(iii) Investments are stated at cost and are held as long term Investments. However provision for diminution in value is made to recognise a decline other than temporary in the value of investment.

(iv) Employee benefits :

Provident Fund:-Contributions towards Employees Provident Fund are recognized as expense. Contributions in respect of all eligible employees to Provident Fund are made to separate recognized Provident Fund viz. `ABC Provident Fund’ managed by the Trustees. Disbursement of

20

________________________________________________________________________________________________

interest to members is done as pronounced by the Central Government every year. Short fall, if any, in interest distribution as against the declared rate is borne by the Company.

Gratuity:-A provision for Gratuity payable to all eligible employees as per actuarial report is accounted for on the basis of 15 days salary for employees completing over five years and upto 10 years and one month salary for employees completing over 10 years of service. This liability for Gratuity payable to employees is however not funded.

Encashment of unutilized Privilege Leave: - A Provision for encashment of unutilized privilege leave has been made as per the actuarial valuation report.

ESIC: - Contribution to Central Government Employees State Insurance Scheme for eligible employees is not applicable to the Company.

(v) Contingent Liability: - The Company does not recognise a contingent liability but discloses its existence in the financial statements by way of a notes – “Contingent liability not provided for”.

C. Notes on Accounts Forming Part of Accounts

(i) Bureau's NRSC Division: Total income during the year for NRS was Rs. 25,55,527/- and the total expenses incurred was Rs.18,957/-. Excess of Income over Expenditure of Rs.25,36,570/- has been transferred to NRSC Reserves and Surplus Account.

(ii) Auditor’s remuneration : 31.03.2012 31.03.2011

Rupees. Rupees. Audit Fees 31,555 34,426 For other services 8,274 7,479 ----------- ---------- 39,829 41,905 ====== ======

(iii) Encashment of unutilized Privilege Leave:

The Company has made actuarial valuation of leave encashment liability to its employees as required by the AS 15. Based on the actuarial report, provision has been made for the current year.

(iv) Gratuity:

The Company has made actuarial valuation of Gratuity liability to its employees as required by the AS 15. Based on the actuarial report provision has been made for the current year.

21

________________________________________________________________________________________________

22

(v) TDS on interest income received is Rs.6,89,896/- (previous year 5,80,155/-)

(vi) Expenditure in foreign currency: 31.03.2012 31.03.2011 Rs. Rs. Subscriptions etc. 97,011 41,897

(vii) The Company has obtained an experts’ opinion that its activity would constitute charitable activity within the meaning of section 2(15) (as amended) of the Income Tax Act, 1961. Accordingly no provision for tax is considered necessary.

(viii) The Accounting Standard Viz. Segment reporting (AS-17), related party disclosures, (AS-18) and

Accounting for taxes on income (AS-22) are not applicable to the company.

(ix) Since the Company is not for profit organisation, statement of Income and Expenditure is given in place of Statement of Profit and loss for the year ended 31st March, 2012.

(x) Earnings per share: The Company is registered U/s. 25 of the Companies Act 1956 without

Share Capital hence Earnings per Share is not applicable.

(xi) Till the year ended 31st March 2011, The Company was using the pre-revised Schedule VI to the Companies Act, 1956 for preparation and presentation of its financial Statements. During the year ended 31st March 2012, the revised Schedule VI notified under the Companies Act, 1956 is now applicable to the Company. Since the company is not for profit organisation, the Statement for Income and Expenditure is given in place of Statement of Profit and Loss for the year ended 31st March, 2012. The Company has reclassified previous year figures to conform to this year classification.

23 23

(Decrease)/Increase in current provisions 609,992 2,711,520 824,325 24,063

operating activities

(B)

5,976,494

Net cash used in investing activity (69,815,208) (62,388,506)

(C )Cash flow from financing activities

equivalents during the year

Addof the year

Cash and cash equivalents end of the year 4,072,615 4,253,293


Cash Flow Statement for the year ended March 31, 2012

Rupees Rupees Rupees Rupeesas at 31.3.2012 as at 31.3.2011

(A) Cash flow from operating activities

Excess of Income over expenditure asper Income and Expenditure account: 8,690,347 7,173,910 Adjusted for Depreciation 186,434 159,434 Transfer of Entrance Fees 158,750 761,075 Loss on sale of Asset 245 684 Interest Income (7,963,766) (7,618,337) (5,976,494) (5,055,301)

Operating Income before changes in 1,072,010 2,118,609 Assets & Liabilities

Changes in Assets & LiabilitiesDecrease/(Increase) in Sundry Debtors (117,977) (123,596) Decrease/(Increase) in other receivables (38,173) 138,935 (Decrease)/Increase in current liabilities 2,257,678 (815,601)

Net cash (used in) / from 3,783,530 2,142,672

Net cash flow from operating activities:Sale of Fixed Assets 2,000 1,000 Addition to Fixed Assets (21,800) (15,000) Purchase of Investments (77,759,174) (68,351,000) Interest Income 7,963,766

Net increase/(Decrease) in cash and cash (66,031,678) (60,245,834)

Cash and cash equivalents beginning 70,104,293 64,499,127

24

AUDIT BUREAU OF CIRCULATIONS List of Members

Publishers List of Publications in respect of which their proprietors or publishers are members.

Aaj Samaj

Aajkaal

Aapala Vartahar

Agrowon

Ahmedabad Mirror

Aj

Aj

Aj

Aj

Aj

Aj

Aj

Aj

Ajir Dainik Batori

Ajit

Amar Asom

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

New Delhi printed at

Ambala,Faridabad & Hissar

Kolkata & also printed at

Agartala & Siliguri

Mumbai & also printed at

Kolhapur

Pune & also printed at

Aurangabad, Jalgaon,

Kolhapur, Mumbai, Nagpur,

Nasik & Solapur

Ahmedabad

Agra

Allahabad

Gorakhpur

Kanpur

Lucknow

Patna

Ranchi

Varanasi

Dibrugarh, Guwahati

Jalandhar

Jorhat , Guwahati & also

printed at Lakhimpur

Agra

Aligarh

Allahabad

Bareilly

Chandigarh & also printed

at Noida

Dehradun

Dharmshala

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

Amar Ujala

Ananda Bazar Patrika

Andhra Bhoomi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Jammu

Jhansi

Kanpur

Meerut & also printed at

Dehradun

Moradabad

Nainital

New Delhi

Varanasi

Kolkata & also printed

at Behrampore, Barjora,

& Siliguri

Anat’pur, Hyderabad,

K’nagar,Nellore,R’mundry,

V’wada & V’patnam

Anantapur

Bangalore

Chennai

Guntur

Hyderabad

Kadapa

Kakinada

Karimnagar

Khammam

Kurnool

Mehbubnagar

Nellore

Nalgonda

Nizamabad

Ongole

Srikakulam

25

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Andhra Jyothi

Asomiya Khabar

Asomiya Pratidin

Assam Tribune

Bartaman

Bikeler Pratidin

Bombay Samachar

Business Standard (E)












Business Standard (H)







City News Express

Tanuku

Tirupati

Vijayawada

Visakhapatanam

Warangal

Guwahati & also printed

at Jorhat

Bongaigaon, Dibrugarh

Guwahati & North

Lakhimpur

Guwahati & also printed

at Dibrugarh


Barddhaman & Siliguri

Kolkata

Mumbai

Ahmedabad

Bangalore

Bhubaneswar

Chandigarh

Chennai

Hyderabad

Kochi

Kolkata

Lucknow

Mumbai

New Delhi

Pune

Bhopal & Raipur

Chandigarh

Kolkata

Lucknow

Mumbai

New Delhi

Patna

Aurangabad

Daily Deshdoot

Daily Deshdoot

Daily Desher Katha

Daily Hindi Milap

Daily Sakal

Daily Sakal

Daily Sakal

Daily Sakal

Daily Sakal

Daily Sakal

Daily Thanthi

Dainik Agniban

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dhule, Jalgaon, & Nandurbar

edn printed at Jalgaon

Ahmednagar & Nashik

Agartala

Hyderabad

Aurangabad printed at Jalna

& Solapur, Solapur

Kolhapur & Satara printed at

Pune

Mumbai

Nagpur & also printed at

Jalgaon

Nashik & also printed at

Jalgaon

Pune

Bangalore, Chennai, C’tore,

Cuddalore, Dindigul, Erode,

Madurai, Mumbai ,Nagercoil,

P’Cherry, Salem, Trichi,

T’Veli, Thanjavaur & Vellore

Indore

Ajmer

Akola & Nagpur

Alwar

Bhilwara

Bikaner

Bilaspur

Chandigarh printed at Sirhind

Chhindwara

Gwalior

Jabalpur & Satna

Jalandhar printed at Hamira

Kota

Pali

Raipur

Ratlam

26

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Bhaskar

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Jagran

Dainik Janambhumi

Dainik Jugasankha

Dainik Sambad

Dainik Statesman

Deshonatti

Sagar

Sikar

Sri Ganganagar

Ujjain

Agra & also printed at

Aligarh

Bareilly & also printed at

Moradabad

Dehradun & also printed

at Haldwani

Dharmsala

Gorakhpur

Hissar

Jammu

Jhansi

Kanpur

Lucknow

Meerut & also printed at

Dehradun

New Delhi

Panipat

Patna & also printed at

Bhagalpur, Muzaffarpur &

Siliguri

Ranchi & also printed at

Dhanbad, Jamshedpur &

Kolkata

Varanasi & also printed at

Allahabad

Guwahati,Jorhat & Tinsukia

Silchar

Agartala


Siliguri

Akola,Jalgaon & Nanded

printed at Akola, Nagpur

Dainik Tribune

Deccan Chronicle

Deshabhimani

Deccan Herald

Dharitri

Dhavate Navnagar

Dinakaran

Dinamalar

Dinamani

Divya Himachal

Divya Himachal

Ekdin

Chandigarh & also printed at

Bhatinda, Jalandhar &

Gurgaon

Anantpur,Bangalore, Chennai

Coimbatore, Hyderabad,

Karimnagar, Nellore,

Rajamundry, Vijayawada &

V’patnam

Kannur, Kochi, Kottayam,

Kozhikode, Malappuram,

Th’puram & Thrissur

Bangalore & also printed at

Devanagere & Mysore, Hubli-

Dharwad & also printed at

Gulbarga & M’lore

Bhubaneswar, Berhampur

Balasore, Dhenkanal printed

at Bhubaneswar, Sambalpur

printed at Sambalpur

Navi Mumbai

B’lore, Chennai, C’tore,

Madurai, Mumbai, New Delhi

printed at Noida, Nagercoil

printed at T’Velli, P’chery,

Salem, T’Palli,T’Veli & Vellore

Chennai, C’tore, Erode,

Madurai,Nagercoil P’cherry,

Salem,T’palli, T’veli &Vellore

Chennai , Coimbatore,

Dharmapuri, Madurai,

T’appalli, T’lveli & V’lore

Dharamsala

Shimla printed at Panchkula


Durgapur & Siliguri

27

Eenadu

Free Press

Ganashakti

Gavakari

Gomantak

Gomantak Times

Hari Bhoomi

Hari Bhoomi

Hari Bhoomi

Hari Bhoomi

Himalaya Darpan

Hind Samachar

Hindu Business Line

Hindustan Times

Hindustan Times

Hindustan Times

Hindustan Times

Hindustan Times

A’pur, B’lore, Chennai,

C’pah,Guntur, H’bad,

Krm’ngr, K’mam,K’nool,

Mumbai, Mahbnagar,

N’lore, Niz’bad,New Delhi,

Ongle, R’mundry, S’kulam,

S’pet, TP’gudem, Tirupati,

V’wada, V’patnam &

Warangal

Indore

Kolkata & also printed

Durgapur & Siliguri

Jalgaon

Panaji

Panaji

Bilaspur

Jabalpur

Raipur

Rohtak

Siliguri

Jammu,Jalandhar & also

printed at Chandigarh

Chennai & also printed at

B’lore, C’tore, Hubli H’bad,

Kochi, Kolkata, Madurai,

Mangalore, Mumbai, New

Delhi, T’Palli, Th’puram,

V’patnam & V’wada

Bhopal

Indore

Jamshedpur

Patna

Ranchi

Hindustan Times

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hindustan

Hitavada

I Next

I Next

I Next

I Next

I Next

I Next

Jag Bani

Jansadharan

Kannada Prabha

Karnataka Malla

New Delhi edn printed at

Noida, Chandigarh edn

printed at Jalandhar & Mohali

Lucknow edn & also printed

at Allahbad & Kanpur

Allahabad

Bareilly

Bhagalpur

Dehradun

Dhanbad

Haldwani

Jamshedpur

Kanpur

Lucknow & also printed

Gorakhpur

Meerut

Muzaffarpur

New Delhi printed at Noida

Patna

Ranchi

Varanasi

Nagpur

Allahabad

Kanpur

Lucknow

Patna

Ranchi

Varanasi

Jalandhar & also printed at

Chandigarh & Ludhiana

Guwahati

Belgaum, Hubli-Dharwad,

Mangalore, Shimoga, B’lore &

also printed at Gulbarga

Mumbai

28

Kesari

Khabara

Kutch Mitra

Lokmat

Lokmat

Lokmat

Lokmat

Lokmat

Lokmat

Lokmat

Lokmat Samachar

Lokmat Times

Loksatta

Loksatta

Loksatta

Loksatta

Mumbai Choufer

Mumbai Mirror

Madhyamam

Madhyamam

Madhyamam

Maharashtra Times

Nagaland Post

Nava Bharat

Nava Bharat

Pune & also printed at

Sangli

Bhubaneswar

Bhuj

Ahmednagar printed at

Aurangabad, Pune

Akola & Nagpur

Aurangabad & also printed

at Latur & Nanded

Jalgaon & Nasik

Kolhapur & Solapur


Kolhapur & Goa

Panaji

Akola, Jalgaon, Nagpur,


at Nanded

Aurangabad

Ahmednagar printed at

Aurangabad

Nagpur

Pune


Aurangabad & New Delhi


at Latur, Kolhapur,Mumbai

& Pune

Mumbai

Kozhikode

Kochi

Malappuram


Pune

Dimapur

Bilaspur

Mumbai

Malayala Manorama

Mathrubhumi

Navakal

Navprabha

Nava Bharat

Nava Bharat

Navbharat Times

Navbharat Times

O Herald O

Odisha Bhaskar

Patrika

Patrika

Patrika

Patrika

Poknapham

Prabhat Khabar

Prabhat Khabar

Prabhat Khabar

Prabhat Khabar

Prajavani

Kochi, Kollam, K’tyam,

M’lpuram, New Delhi,

Palakkad, Pa’mthith Thrissur,

Trivandrum, Kannur & also

printed at Mangalore,

Kozhikode & also printed at

Chennai,B’lore & Mumbai

Alappuzha, Kannur, Kochi,

Kollam, Kottayam, M’lpuram,

Palakkad, Thrissur, T’drum,

Kozhikode & also printed at

Bangalore, Chennai, Mumbai

& New Delhi

Mumbai

Panaji

Nagpur

Raipur

Mumbai

New Delhi

Panaji

Bhubaneswar

Bhopal

Gwalior

Indore & also printed at

Bhilwara

Jabalpur

Imphal

Jamshedpur

Deoghar & also printed at

Bhagalpur & Dhanbad edn

Kolkata

Ranchi


Devangere & Mysore, Hubli -

Dharwad & also printed at

Gulbarga & Mangalore

29

Pudhari

Pudhari

Pune Mirror

Punjab Kesari

Punjab Kesari

Punjabi Tribune

Punya Nagari

Punya Nagari

Punya Nagari

Punya Nagari

Punya Nagari

Purvanchal Prahari

Rajasthan Patrika

Rajasthan Patrika

Rajasthan Patrika

Rajasthan Patrika

Rajasthan Patrika

Rajasthan Patrika

Rajasthan Patrika

Kolhapur & also printed at

Goa, Mumbai edn

Pune

Pune

Jammu & Jalandhar & also

printed at Chandigarh,

Hissar Ludhiana,Palampur,

Panipat

New Delhi & also printed at

Jaipur

Chandigarh also printed at

Bhatinda, Gurgaon &

Jalandhar

Akola printed at

Aurangabad & Nagpur


at Latur

Jalgaon & Nasik printed at

Aurangabad

Kolhapur, Pune, Solapur

printed at Latur

Mumbai & Thane

Guwahati & also printed at

Jorhat & Lakhimpur &

Tinsukia edn

Ahmedabad, Kolkatta &

Surat

Ajmer, Alwar, Jaipur &

Sikar


Hubli & Chennai

Bhilwara

Banswara & Udaipur

Bikaner

Jodhpur & also printed at

Barmer & Pali edn

Rajasthan Patrika

Rajasthan Patrika

Rashtriya Sahara

Rashtriya Sahara

Sach Kahoon (Hin)

Sach Kahoon (Pun)

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Sakshi

Samaj

Samyukta Karnataka

Sanchar

Sandhya Times

Kota

Sri Ganganagar

Lucknow

New Delhi

Sirsa

Sirsa

Anantapur


B’lore, Mumbai & New Delhi

Cuddaph

Guntur & also printed at

Mangalagiri

Hyderabad

Karimnagar

Khammam

Kurnool

Mahabubnagar

Nalgonda

Nellore

Nizamabad

Ongole

Rajahmundry

Srikakulam

Tadepalligudem

Tirupati

Vijayawada

Visakhapatnam

Warangal

Cuttack & also printed at

Baleswar, Sambalpur &

Srikakulam

B’lore & also printed at

M’lore, Devangere, Gulbarga

& Hubli-Dharwad,

Solapur

New Delhi

30

Sandhyakaal

Sangbad Pratidin

Sarwamat

Sanmarg

Sanmarg

Siasat

Syandan Patrika

Tarun Bharat

The Dinalipi

The Economic Times (Eng)

The Economic Times (Guj)







The Economic Times (Hin)


The Hindu

The Munsif

The Navhind Times

The Shillong Times

Mumbai


Barjora & Siliguri

Shrirampur

Kolkata

Ranchi

Hyderabad

Agartala

Belgaum & also printed at

Goa

Bhubaneswar

Ahmedabad

Ahmedabad


Mangalore


Kochi

Chandigarh printed at

Panchkula, Lucknow &


Sahibabad

Hyderabad


Bh’Swar, Patna & Ranchi

Nagpur

New Delhi

Pune


All’bad, B’lore,C’mtore

H’bad, Hubli, Kochi, K’kata,

Madurai, M’glore,

Mohali,New Delhi, T’palli,

T’drum, V’wada, V’ptnam

Hyderabad

Panaji

Shillong

The New Indian Express

The Statesman

The Samaya

The Sangai Express (Eng)

The Sangai Express (Man)

The Sentinel (Eng)

The Sentinel (Hin)

The Telegraph

The Telegraph

The Telegraph

The Times of India (Eng)





B’lore also printed at G’brga

& M’lore, B’gum also printed

Hubli Bh’eswar also printed at

Sambalpur & V’patnam,

Chennai also printed at Vlore,

H’bad also printed at Tirupati

K’kode also printed at M’lore,

M’durai also printed at T’Velli,

V’wada also printed at

R’ mndry, C’mtore & also

printed at Dh’puri Kochi &

also printed at C’mtore

Shimoga, T’ palli, T’drum &

V’ patnam

New Delhi

Bhubaneswar

Imphal

Imphal

Guwahati & also printed at

Tezpur & Dibrugarh,Silchar

Dibrugarh & Guwahati

Bhubaneswar


Baharampur, Barjora,

Guwahati, Jamshedpur,

Jorhat Ranchi & Siliguri

Patna

Ahmedabad


Hubli, Mangalore &, Mysore

printed at B’lore

Hyderabad


Bhubaneswar, Guwahati,

Patna & Ranchi

Lucknow

31





The Tribune

U Nongsain Hima

Udayavani

Uttar Banga Sambad

Vijay Karnataka

Yash Bharat

Yeshobhumi


Indore

Nagpur


Bhopal, Lucknow,

Panchkula & Saibabad &

Jaipur Edn

Pune

Chandigarh & also printed

at Bathinda, Jalandhar &

Gurgaon

Shillong

Bangalore, Hubli & also

printed at Gulbarga,

Mumbai & Manipal-Udupi

Siliguri & also printed at

Malda

Bagalkot, B’lore, Ch’durga

printed at Shimoga,

Gangawati, Gulbarga,

Hassan printed at Mysore,

Mysore, M’lore, & Shimoga,

Hubli-Dharwad also printed

at B’lore,M’lore & Mysore

Jabalpur & Katni printed at

Jabalpur

Mumbai

WEEKLIES

Aajchi Navi Mumbai

Bombay Samachar

Karmakshetra

Kheti Duniyan

Kutchmitra Saptahilk

Mathrubhumi Thozhilvartha

Ravivar Loksatta

Ravivar Loksatta

Ravivar Loksatta

Ravivar Loksatta

Ravivasriya Hindustan









Robinage

Sadin

Sitara

Sunday Hindustan Times





Sunday Pune Mirror

The Economic Times on

Saturday (Eng)

Navi Mumbai

Mumbai

Kolkata

Patiala

Bhuj

Kozhikode

Ahmednagar


Aurangabad & New Delhi

Nagpur

Pune

Allahabad

Bareilly

Dehradun

Haldwani

Kanpur

Lucknow & also printed at

Gorakhpur

Muzzafarpur

Patna

Varanasi

Mumbai

Guwahati

Hyderabad

Bhopal

Jamshedpur

Lucknow & also printed at

Allahabad & Kanpur

Patna

Ranchi

Pune

Ahmedabad

32


Saturday (Eng)


Saturday (Eng)


Saturday (Eng)


Saturday (Eng)


Saturday (Eng)


Saturday (Eng)


Saturday (Hin)


Saturday (Eng)

The Economic Times Wealth

The New Sunday Express


Mangalore


Kochi

Chandigarh printed at

Panchkula, Lucknow & New

Delhi printed at Sahibabad

Hyderabad


Bhubaneswar, Patna &

Ranchi

Nagpur


Sahibabad

Pune


Ahmedabad, Bangalore ,

Chennai H’bad, Kolkata,

Mumbai & Sahibabad

B’lore also printed at G’brga

& M’lore, Blgaum also

printed Hubli, B’Swar also

printed at S’balpur &

V’ptnam, Chennai also

printed at Vellore, H’bad

also printed at Tirupati,

K’kode also printed at

M,lore, Mdurai also printed

at T’velli, V’wada also

printed at R’mndry, C’tore

also printed at D’puri, Kochi

also prited at C’tore,S’moga

T’pali, T’drum & V’ptnm

The Speaking Tree

The Sunday Times of India




The Sunday Statesman

The Telegraph in Schools

The Times of India - The

Crest Edition


Crest Edition


Crest Edition

FORTNIGHTLY & MONTHLY MAGAZINES

Anandalok

Anandamela

Andhra Bhoomi Sachitra

Vara Patrika

Andhra Bhoomi

Sachitra Masa Patrika

Annadata

Arogya Sanjivani

Balabhumi

Balarama

Balhans

Bhashaposhini

Bismoi

Charhdikala

A’mdabad, B’lore, Chennai,

H’bad, K’lkata, Mumbai,


Sahibabad

Ahmedabad


Hubli , Mangalore, Mysore

printed at Bangalore

Lucknow

Pune

New Delhi

Kolkata

Bangalore

Mumbai

New Delhi

Kolkata

Kolkata

Secunderabad

Secunderabad

Hyderabad

Mumbai

Kozhikode

Kottayam

Jaipur

Kottayam

Guwahati

Patiala

33

Chatura

Chitrabhumi

Chotu Motu

Competition Success

Review

Cricket Samrat

Desh

Devputra

Diamond Cricket Today

Frontline

General Knowledge Today

Grehlakshmi

Grihalakshmi

Jyothisharatnam

Kalikkudukka

Karmaveera

Kasturi

Kungumam

Mahilaratnam

Malayala Manorama

Mangayar Malar

Mathrubhumi lllustrated

Weekly

Mathrubhumi Arogya Masika

Mathrubhumi Sports Masika

Mayura

Meri Saheli

Muththaram

Naba Kallol

Nandini

New Woman

Paraashuno

Peshaprobesh

Priyo Sakhi

Hyderabad

Kozhikode

Jaipur

New Delhi

New Delhi

Kolkata

Indore

New Delhi

Chennai

New Delhi

New Delhi

Kozhikode

Kollam

Kottayam

Hubli

Hubli

Chennai

Kollam

Kottayam & also printed at

Kozhikode

Chennai

Kozhikode

Kozhikode

Kozhikode

Bangalore

Mumbai

Chennai

Kolkata

Guwahati

Mumbai

Kolkata

Kolkata

Guwahati

Roopathara

Sananda

Saptahik Bartaman

Sudha

Sukhi Grihakon

Suktara

Taranga

The Kadambini (oriya)

The Saptahik Samaya

The Sportstar

The Week

Tinkle

Tushara

Unish Kuri

Vannathirai

Vanitha (Hindi)

Vanitha (Malayalam)

Vipula

ANNUALS

Kalnirnay (Marathi)

Kalnirnay (Hindi)

Mallige Panchanga

Darshini

Prajavani Deepavali Annual

Sharadia Bartaman

Sudha Ugadi Annual

Patrika Year Book (Hin)

TRADE & TECHNICAL PUBLICATIONS

Ieema Journal

Wood News

Manipal

Kolkata

Kolkatta

Bangalore

Kolkata

Kolkata

Manipal

Bhubaneswar

Bhubaneswar

Chennai

Kochi

Mumbai

Manipal

Kolkata

Chennai

Kottayam

Kottayam

Hyderabad

Mumbai

Mumbai

Bangalore

Bangalore

Kolkata

Bangalore

Jaipur

Mumbai

Bangalore

34

ADVERTISERS Ambuja Cements Ltd.

Apt Packaging Ltd Aptech Ltd.

Arun Automobiles

Ayurved Sumshodhanalaya

(Pune) Pvt. Ltd.

Bharti Airtel Ltd.

BHR Co-op. Credit Society

Ltd.

Bombay Well Print Inks Pvt.

Ltd.

Britannia Industries Ltd.

Coca Cola India P.Ltd.

Corporate Ispat Alloys Ltd.

Deepam Silk Retail Pvt. Ltd.,

EMCO Ltd.

Eureka Forbes Limited

Foods Fats & Fertilisers Ltd.

Ganga Papers India Ltd.

Gaurav Paper Mills Ltd.

Global Alliance Pvt. Ltd.

Grace Realities (I) P. Ltd.

Gujarat State Fert. &

Chemicals Ltd.

Harshavahini Trading Co.

Hero MotoCorp Ltd.

Hindustan Petroleum Corp.

Ltd.

Hindustan Unilever Ltd.

Intercontinental Pulp & Fibres

Inc

ITC Ltd.

J K Helene Curtis Ltd.

Kalanjali Arts & Crafts

Mumbai

Aurangabad

Mumbai

Nagpur

Pune

Gurgaon

Jalgaon

Nagpur

Bangalore

Gurgaon

Nagpur

Bangalore

Thane

Mumbai

Chennai

Pune

Nagpur

New Delhi

Nagpur

Vadodara

Coimbatore

New Delhi

Mumbai

Mumbai

Ahmedabad

Kolkata

Thane

Hyderabad

Kasliwal Construction

Landmarc Leisure

Corporation Ltd.

Larsen & Toubro Ltd.

Life Insurance Corpn. Of

India

Lohia Paper & Board Pvt.

Ltd.

Malu Paper Mills Ltd.

Margadarsi Chit Fund Ltd

MRF Limited

Nath Bio-Genes (India) Ltd.

Pepsi Foods Pvt. Ltd.

Pitambari Products Pvt. Ltd.

Print Tech

Priya Foods

R L Steels & Energy Ltd.

Rajuri Steel Pvt.Ltd.

Rajvaidya Shital Prasad &

Sons

Raymond Ltd

Reliance Industries

Ltd.(Vibrant Advtg P.Ltd)

Rotomac Global P Ltd.

Samsung India Electronics

Pvt.Ltd.

Satvik Investments

Shah Pulp & Paper Mills

Ltd.

Shree Baidyanath Ayurved

Bhavan (Pvt) Ltd.

Spectrum Advertising

Sudarshan Saur Shakti Pvt.

Ltd.

Tajshree Autowheels Pvt.

Ltd.

Aurangabad

Mumbai

Mumbai

Mumbai

Raipur

Nagpur

Hyderabad

Chennai

Aurangabad

Gurgaon

Thane

Nagpur

Vijayawada

Aurangabad

Jalna

New Delhi

Mumbai

Navi Mumbai

Kanpur

Gurgaon

Nagpur

Vapi

Nagpur

Nagpur

Aurangabad

Nagpur

35

Tata Motors Ltd.

Tata Services Ltd.

Tata Global Beverages Ltd.

The Peninsula Beverages &

Foods Co. Pvt. Ltd.

Tata Steel Co. Ltd.

United Breweries Ltd.

Vivek Ranade Graphics

NEWS AGENCIES / ASSOCIATIONS / ORGANISATIONS / GOVT. PUBLICITY DEPT.

Allied Media Network Pvt. Ltd.

Carat Media Serv. India Pvt.

Ltd.

Directorate of Information,

Govt of Karnataka

Directorate of Inform & Tour.

(Advt.) Dept. Govt of

Tamil Nadu

IANS India (P) Ltd.

Impact Research &

Measurement Pvt. Ltd.

Indian Newspapers Society

Information & Public Relations

Dept, Govt of Kerala

Kotak Institutional Equity

Mediaware Infotech P Ltd.

Mudra Institute of

Communications

Perfect Relations Ltd.

TAM Media Research Pvt. Ltd.

The Indian Society of

Advertisers

Mumbai

Mumbai

Bangalore

Noida

Kolkata

Bangalore

Nagpur

Mumbai

Mumbai

Bangalore

Chennai

New Delhi

New Delhi

New Delhi

Thiruvananthapuram

Mumbai

Mumbai

Ahmedabad

New Delhi

Vadodara

Mumbai

The Press Trust of India Ltd

United News of India

ADVERTISING AGENCIES

3 Brothers & Fils

A A Associates

Abhishek Advertisers

Adbur Pvt. Ltd.

Adcircle Pvt. Ltd.

Adfactors Advertising

Adsyndicate Services Pvt.

Ltd.

Advantage Media

Counsultants Pvt.Ltd.

Advertising Avenues (India)

Pvt.Ltd.

Advika Ads

Advtg & Mrktg Associates

Adwise Advertising Pvt. Ltd

Akar Advertising & Mrktg.

Pvt. Ltd.

Akruti Advertising Agency

Alaknanda Advertising Pvt.

Ltd.

Amola Advertising

Ankur Media Pvt. Ltd.

Anugrah Madison Advtg.

Pvt. Ltd.

Apex Advertising

Arun Sign Service Pvt.Ltd.

Associated Advertising Pvt.

Ltd.

Astral Advt & Mktg India

Pvt. Ltd.

Mumbai

New Delhi

Mumbai

Bangalore

Aurangbad

Gazhiabad

New Delhi

Mumbai

Manipal

Patna

Mumbai

Pondicherry

Mumbai

Coimbatore

Bangalore

Nagpur

Chennai

Ahmedabad

New Delhi

Chennai

Mumbai

Kolkata

Hyderabad

Nasik

36

B.Y. Padhye Publicity Pvt. Ltd.

Baroda Advertising Agency

Basic-4 Advertising Pvt. Ltd.

Bates India Pvt. Ltd.

BEI Confluence

Communication Ltd.

Bensons Advertising Pvt. Ltd.

Bharat Mrktg & Advtg Co. Ltd.

Bidhan Advtg & Mrktg Pvt. Ltd.

Cognito Advertising

Continental Advertising

Service

Cornerstone Communications

Pvt. Ltd.

Crayons Advertising Ltd.

DaCunha Communi. Pvt. Ltd

Dattaram Advertising Pvt. Ltd.

Dentsu Communications

Pvt.Ltd.,

Disha Communications Pvt.

Ltd.

DPS Advertising & Marketing

Pvt Ltd.

DRAFTFCB+Ulka Advertising

Pvt. Ltd

ECW Publicity Pvt. Ltd.

Enthrall Communications Pvt.

Ltd.

Everest Brand Solutions Pvt.

Ltd.

Eye Ads Pvt. Ltd.

Four Winds Mass Commun.

Services

Futura Advtg. & Mktg.

Enterprises (FAME)

Mumbai

Baroda

New Delhi

Mumbai

New Delhi

Mumbai

New Delhi

Ahmedabad

Baroda

Kolkata

Mumbai

New Delhi

Mumbai

Mumbai

Mumbai

Bangalore

Kolkata

Mumbai

Kolkata

Chennia

Mumbai

Hyderabad

Mangalore

Chennai

Goldmine Advertising Ltd.

GRAANDale Advertising &

Marketing

Graphic Arts Industries

Grey Worldwide (India) Pvt.

Ltd.

Group M Media India Pvt.

Ltd.

Hem Advertising

Hema Publicity Bureau

Heros Publicity Service

Hira Advertising Agency

HVG Marcon Advertising

Pvt.Ltd.

Ind Advertising

Indo Aryan Publicity

Interads Advertising Pvt.

Ltd.

Inter Publicity Pvt.Ltd.

Jagdale Advertising

Jelitta Publicity

JWT Mindset Advertising

Pvt. Ltd.

J Walter Thompson

Kunal Advertising

L.A. Advertisers

Latest Publicity

Lintas India Pvt. Ltd.

M K Publicity P Ltd

Madison Communications

Pvt. Ltd.

Magnum Intergrafiks Pvt.

Ltd.

Maitri Advertising Works

Pvt. Ltd.

Mumbai

Mumbai

Bangalore

Mumbai

Mumbai

Mumbai

Udaipur

Mumbai

Meerut

Bangalore

Mumbai

Kolkata

New Delhi

Mumbai

Bangalore

Kottayam

Hyderabad

Mumbai

Ahmedabad

Hyderabad

Kolkata

Mumbai

Belgaum

Mumbai

Mangalore

Chennai

37

Manipal Advertising Services

P. Ltd.

Market Analysts & Product

Promoters

Marketing Consultants &

Agencies Ltd.

MASS Mktg & Advtg. Service

P. Ltd.

McCann Erickson (India) P.

Ltd

Megha Advertising Agency

Metieta Media Solutions Pvt.

Ltd.

Mileage Advertising Services

Pvt Ltd.

Mode Advertising & Mrktg Pvt.

Ltd.

Moulis Advtg. Service Pvt. Ltd.

MPG India Pvt.Ltd.

Mudra Communications Pvt.

Ltd.

Multimedia Aquarius Pvt. Ltd.

Naren Advertising & Marketing

Navnitlal & Co

Network Advertising Pvt Ltd

Newfields Advertising Pvt. Ltd

Nikita Media Services

Ogilvy & Mather Ltd.

ORCA Creative Dev.

Management

Orient Publicity Service Pvt.

Ltd.

Pamm Advertising & Marketing

Panorama

Pentagon Communications P.

Ltd.

Manipal

Mumbai

Bangalore

Bangalore

Mumbai

Aurangabad

Ahmedabad

Kolkata

New Delhi

Chennai

Mumbai

Mumbai

Mumbai

Ahmedabad

Ahmedabad

Mumbai

New Delhi

Nagpur

Mumbai

Bangalore

Kolkata

New Delhi

Bangalore

Prachar Communications

Ltd.

Pratisaad Communications

Pvt. Ltd.

Prem Associates Advtg. &

Marketing

Press & Publicity Syndicate

Pvt Ltd.

Pressman Advertising Ltd.

Profit Advertisers (I) Pvt.

Ltd.

Progressive Publicity

Service

Publicity Forum

Publicity Parlour

Quadrant Communications

Ltd

R D Advertising Pvt. Ltd.

R K Swamy BBDO Pvt Ltd

Roger Pereira

Communications Pvt. Ltd.

Radeus Advertising Pvt.

Ltd.

Radiant Advtg. & Mktg.

(India) P Ltd

Ratan Batra Pvt Ltd

Saatchi & Saatchi Pvt. Ltd.

Sai Advertisers

Samvad Advertising Pvt.

Ltd.

Sanket Communications

Pvt. Ltd.

Shells Advertising Inc

Situations Advtg. & Mrktg.

Ser. P. Ltd.

Mumbai

Pune

Mumbai

Kolkata

Mumbai

Nagpur

Kolkata

Kolkata

Ahmedabad

Mumbai

Allahabad

Chennai

Mumbai

Mumbai

Kolkata

Mumbai

Mumbai

Mumbai

New Delhi

Bhubaneswar

Nagpur

Mumbai

38

Sobhagya Advertising Service

Speedways Advertising

Spell Advertising & Marketing

Standard Publicity Pvt Ltd

Sreshta Communications

Sunflower Mrktg. & Advtg.

Surya Adsystems Pvt Ltd.

TCP Advertising Pvt. Ltd.

The Advtg. Corp. of India Pvt.

Ltd.

TLG India Pvt. Ltd.

Trikaal Advertising Pvt. Ltd.

Triple Ess Advertising Pvt. Ltd.

Triton Communications Pvt.

Ltd.

TV Ads

Umak Resource

Communications Pvt. Ltd

Valappila Communications

Pvt. Ltd.

Ventures Advertising Pvt. Ltd.

Welworth Creative Media

Xebec Communications Pvt

Ltd.

Zeal Communications

Pvt Ltd

Mumbai

Chandigarh

Trichy

Kolkata

Chennai

Mumbai

Hyderabad

Kolkata

Kolkata

Mumbai

Hyderabad

Bangalore

Mumbai

Vadodara

Chennai

Thrissur

Mumbai

Aurangabad

Pune

Mumbai

.


PROXY I / We ................................................................................................................................................ of …………………………..…..………………representing ………………………………………...…..

(name of the company) (name of the publication) ………..............………….…. In the district of …………………..…………….... being member(s) of (edition) the abovementioned company hereby appoint ………………...…….…………………………...…..

(name of the proxy) of ……………...............…..………….…….. in the district of ………….…….………….…………….. (name of the company) or failing him ……………………………………………………………………………………………. of

(name of the alternate proxy) ………………………..……………... in the district of …………………………………………………... (name of the company) as my / our proxy to vote for me / us on my / our behalf at the Sixty Fourth Annual General Meeting of the Company to be held on Friday, 14th September 2012 at Mumbai at 2.30 p.m. at “North Room”, Mayfair Banquets (P) Ltd., 254-C, Dr. Annie Besant Road, Worli, Mumbai 400 030 and at any adjournment thereof.

Signed this …………….Day of …….……..…… 2012.

Affix 1 Rupee Revenue

Stamp

abc members list

Documents