SAMBHAAV MEDIA LTD
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BSE Code:
511630
NSE Code:
SAMBHAAV
Business Profile
Business Profile
Sambhaav Media (PEARLENE) is engaged in printing and publishing newspapers. It was incorporated in 1994.
The company prints and publishes Sambhaav Metro, Gujarat`s first multi-color tabloid eveninger, the growth rate of which remains very much higher than that of any morning newspaper in Gujarat and particularly in Ahmedabad. With very good response from advertisers and readers, the company has planned to explore the market in other cities and has launched the paper online. Abhiyaan is another weekly magazine published, which is the second largest selling Gujarati weekly.
The printing press is located in Ahmedabad, Gujarat and undertakes job work utilizing the extra capacity for printing other newspapers like The Indian Express and The Business Standard. It has finalized a long-term deal with the Indian Express group for printing all their newspapers including The Financial Express. To meet increased capacity demands for more color pages and to upgrade facilities, a new 4-color Hi Tower machine has been installed and new machines ordered for.
A major thrust has been the Out-of-Home concept, i.e., the outdoor media business. The company is a leader in the outdoor media business in Gujarat. It has acquired the outdoor publicity rights for CG Road, Ahmedabad from the Ahmedabad Municipal Corporation and private hoarding sites in and around Ahmedabad. With rights from the Gujarat State Road Transport Corporation for ad space on state-owned public transport buses, hoardings on various GSRTC premises, depots, bus stands and pick-up stands for the entire Gujarat State, it has also acquired advertisement rights for bus shelters from Ahmedabad Municipal Transport Services with more than 90% coverage of Ahmedabad city.
The registered office is located at Sambhaav House, Bodakdev, Opposite Chief Justice`s Bunglow, Ahmedabad-380015, Gujarat.
Financials
Sambhaav Media registered a profit of Rs 7.82 million for the quarter ended December 2007.
It recorded a net sales of Rs 88.1 million for the quarter.
Total income was Rs 88.63 million for the quarter ended December 2007.
The earnings per share of the company stood at Rs 0.06 for the quarter ended December 2007.
Recent Developments
31-JAN-08
On Jan. 31, 2008, the board of directors considered the proposal of a preferential equity issue and to allot 10% of the present paid-up equity capital, i.e., 13,282,800 equity shares of Rs 1.00 each at a premium of Rs 9.00 per share to Shyam Equities, subject to necessary provisions and approvals.
Future Plans
The company has planned to launch the overseas edition of Abhiyaan and to foray into online media and event management.