Friday, November 29, 2013

Picks and Piques/Snippet Film reviews29th Nov 2013/Johnson Thomas

Picks and Piques/Snippet Film reviews29th Nov 2013/Johnson Thomas
Bullet Raja(Hindi) Rating: *  * ½ Racy but graceless. This actioner is sadly disapointing despite it’s invigorating formulaic moments. Once the charismatic Jimmy Sher Gill goes out of the frame, the film falls flat and gets even more jumpier!
Frozen(Animation/English/3D) Rating: *  *  * ½ Stunning 3D animation, beautiful characterisations and a fairytale story musical based on Hans Christian Andersen’s ‘Snow Queen’ makes this one of Disney’s best works in recent times.
Delivery Man( English) Rating: *  * This remake of ‘Starbuck(original Vicky donor)’ albeit a decade older and still slacking, lacks the charm and funnies of the original. It’s just not as entertaining as it should have been
Asa Me Ashi Ti(Marathi) Rating: *  *  * A ‘Second chance at Love’ Story,  this marathi film. despite it’s elongated runtime and overly stretched out story has enough pluses to engage. Solid Performances from the immensely likable cast and tempered treatment, make it worthy of a dekho.

Walesa: Man of Hope(Polish/English Subtitles): Rating: * * * * As an opener to the Polish Film Festival, at PVR, This bio-pic about the Solidarity strong man/Nobel Peace Prize winner, Lech Walesa, the man with a mission to free Poland from the communists, paints a stirring drama of hope against all odds. 

Friday, November 22, 2013

Shriram City Union Finance NCD Issue opens November 25 Effective Yields ranging from 12.27% pa to 14.46% pa

Shriram City Union Finance NCD Issue opens November 25

Effective Yields ranging from 12.27% pa to 14.46% pa

Mumbai, November 21, 2013: Leading retail-financing NBFC Shriram City Union Finance Ltd. proposes to open on November 25, 2013, a public issue of Non-convertible Debentures (“NCDs”) of Rs. 100 Crores (with an option to retain oversubscription to the extent of another Rs. 100 Crores).

Options of investment tenors are three, four and five years, with coupons of 11% p.a., 11.25% p.a. and 11.50% p.a. respectively for individual investors. Interest payment options comprise both Annual and Cumulative, with the latter providing effective yields of 12.27% p.a., 13.30% p.a. and 14.46% p.a. over three, four and five years respectively. Also on offer is a five-year structured NCD carrying a coupon of 11.50% p.a. with an annual interest payout.

Of the Issue size, 80% of the issue is reserved for individuals; 40% being earmarked for retail investors (those investing in less than Rs. 5 Lacs) and 40% for High Networth Individuals (HNIs).
The NCDs are proposed to be listed on BSE and NSE, and hence may be traded.

The Issue offers very attractive yields to the investing public, especially the category of retail investors who have for long formed the core of Shriram City’s partners in success. The proposed public issue by Shriram City follows previous successful forays in the years 2011 and 2012. With the current issue, the company expects to mop up Rs. 100 Crores (with an option to retain oversubscription to the extent of another Rs. 100 Crores) and thereby deepen its reach into the country’s retail investor base.

About Shriram City Union Finance: Shriram City is now in the 27th year of its existence. A deposit-accepting NBFC with multiple product lines, Shriram City is the largest small enterprise finance company in India in the small loan segment (loans between Rs. 1 Lac to Rs. 10 Lacs. Source: “Analysis of Small Loan Credit Market for NBFCs in India – June 2013” by Frost and Sullivan). It is also a prominent provider of loans against gold, financing for two wheelers, pre-owned and new vehicle loans, personal loans and housing loans (the last named product being disbursed through a subsidiary).

Shriram City has a presence in 1,021 branches across India, and as of September 30 2013, had an AUM of Rs. 15,118 Crores. The company clocked a top line of Rs. 799 Crores for the second quarter of Financial Year 2014, and registered a Net Profit of Rs. 127 Crores. Loans disbursed during the quarter were Rs. 3,559 Crores, and Capital Adequacy stood at 23.26% (against the minimum required of 15%)

The company floated its equity IPO in the year 1994, and has, over the years, seen active interest and participation by major Private Equity players. Shriram City also sought – and received - public participation in its debt offerings and issued two series of listed Non-Convertible Debentures in the years 2011 and 2012.

Shriram City possesses a unique business model which is branch-centric, community-led, and relationship-based, and has been developed in-house. The Company is focused on serving the non-corporate component (proprietary units and partnership firms) of the Micro, Small and Medium Enterprise (MSME) segment through small-ticket loans. The company harnesses to best effect its symbiotic relationship with companies within the Shriram group in reaching out to its target market.

For Disclaimer and risk factors please refer to the prospectus uploaded on SEBI and Lead Manager websites…

Hindi GEC Ratings Highlights

MUMBAI: Star Plus continues to lead the Hindi GEC space in week 46, followed by Colors and Zee TV. While Zee TV, SAB and Sahara One gained viewership, rest of the channels saw fall in eyeballs.
Here is how the GECs performed:
Star Plus stays at the top with a GVM (gross television viewership in million) of 529, down from 536 million in the trailing week
Colors is No. 2 with 479 million down from 486 million
Zee TV is No. 3 with 440 million from 429 million
Life OK – 340 million from 345 million
SAB – 316 million from 311 million
Sony – 298 million from 341.05 million
Sahara One – 36 million from 32 million

Miraj Entertainment's Kanche aur Postcard selected for IFFI GOa and CFFI 2013

Official Selection - 44th International Film Festival of India, Goa
Official Selection - 18th International Children's Film Festival India,
                          Hyderabad organised by Children's Film Society Of India (CFSI)
Official Selection - Madurai Film Festival 2013
Screening at IFFI, Goa Scheduled on Nov 2013 at 10 am at INOX screen 2.

Pitruroon to release on December 6 across Maharashtra

Pitruroon to release on December 6 across Maharashtra
       Directorial debut of Nitish Bharadwaj;
       Pitruroon - comeback of actress Tanuja to Marathi films;
       PITRUROON – a story of love, romance, unfulfilled desires & emotional upheavals ! a complete family entertainer.
Mumbai (November 19) - Pitruroon – a Marathi film which is not run-of-the-mill yet a commercial film, will be released on December 6. The announcement was made at a glittering ceremony where veteran actress Tanuja launched the music of the film.Pitruroon is based on a novel by well-known writer Sudha Murthy and will mark thedirectorial debut of popular TV and film actor Nitish Bharadwaj. Incidently, Nitish’s last film as the lead hero was ‘Sangeet’ in 1992 opposite Madhuri Dixit.
Tanuja is making a comeback in Marathi Cinema after the gap of over 30 years in an important role, earlier she was featured in a famous film Zakol released in 1980.
  • Speaking about the film & his direction, Bharadwaj said, “I was very influenced by Sudha Murthy’s novel. I wanted to translate to screen the struggle of a son to understand his father’s past and to fulfill his last desire. I am telling a story through moving pictures- not because the pictures move on screen but because they move audience’s emotions too”
  • Bharadwaj on Tanuja – “here she performs a widow’s emotional yet cheeky role she probably has not done so far in her career !”
  • Bharadwaj on Khedekar – “though many films have been made in India with actors in a double role, Pitruroon will prove to be different in a sense that he has subtly created a difference in Khedekar’s 2 roles.
  • Bharadwaj on music of the film – “melodious, soul uplifting and a treat to the ears” !
Indian Magic Eye (I.M.E.) Motion Pictures, who have been behind many successful Marathi films and TV serials, are the producers of the film. Kaushal Inamdar has composed the music for the film and Shrirang Godbole has penned the lyrics. The occasion was graced by the presence of Nitish Bharadwaj, Sachin Khedekar, Kaushal Inamdar, Hrishikesh Deshpande (Director of I.M.E.) and Suhrud Godbole (supervising producer).
One of the songs ‘Daya Ghana’ which is scoring high on the radio channels across the state is sung by Gazal Maestro Roopkumar Rathod, it is followed by a soothing track ‘Man Moharle’ sung by Hrishikesh Ranade and Hamsika Iyer. The third song titled ‘Rave Gava’ has the vocals of Rahul Saxena.
Pitruroon tells the story of an archeology professor Vyankatesh Kulkarni who comes across his look-alike one day. Kulkarni is surprised at the striking similarities between him and the other man’s appearance and goes on to find the shocking connection between them. Is the Kulkarni family related in any way to the old mother of the look-alike? The mystery thickens and results in an emotional upheaval! He discovers an unpaid debt of his father. Portraying human relationships, Pitruroon goes on to capture the journey of its protagonist’s redemption.
With a strong storyline, Pitruroon is another step in Marathi films’ tradition of content-oriented cinema. I.M.E has been known for giving one of the best Marathi films right from Harishchandrachi Factory to the recent popular films such as Pune 52, Chintoo seriesChampions and Tuhya Dharma Koncha and the tradition continues with Pitruroon.
The rest of the cast consists of Suhas Joshi, Mrunal Deshpande, Purvi Bhave, Ketaki Vilas, Omkar Kulkarni, Madhura Jugade, Rupesh Bene and Om Bhutkar.

DIRECTOR -  Nitish Bharadwaj
SCREENPLAY-DIALOGUES – Nitish Bharadwaj, Pravin Tarde;
PRODUCERS - Abhay Gadgil and Shrirang Godbole of IME Motion Pictures;
CINEMATOGRAPHER - Swades fame Mahesh Ane;
COSTUMES & MAKE-UP- Geeta Godbole;
CHOREOGRAPHER -  Phulwa Khamkar and Mahesh Dawande;
ART - Mahesh Kudalkar and Shyam Bhutkar;
EDITOR - Abhijeet Deshpande and
SOUND - Manoj Mochemadkar.

Displaying Nitish Bharadwaj with Tanuja and Sachin Khedekar.JPG

Displaying Nitish Bharadwaj with the entire team of Pitruroon.JPG

'A musical evening of Anil Sharma's Singh Saab The Great '

'A musical evening of Anil Sharma's Singh Saab The Great '
Date - 19th November, 2013
Location - R city mall, Ghatkoper
Celebs - Johnny lever, Sonu Nigaam, Urvashi Rautela, Anand Raj Anand, Simran Khan and director Anil Sharma,

Displaying Anand Raj Anand and Sonu Nigaam at 'A musical evening of Singh Saab The Great' at R city mall Ghatkoper.JPG

Displaying Anand Raj Anand performs at 'A musical evening of Singh Saab The Great' at R city mall Ghatkoper.JPG

Displaying Anand Raj Anand, Johnny Lever, Urvashi Rautela and Sonu Nigaam at 'A musical evening of Singh Saab The Great' at R city mall Ghatkoper.JPG

Displaying Anand Raj Anand, Johnny Lever, Urvashi Rautela, Anil Sharma and item girl Simran Khan at 'A musical evening of Singh Saab The Great' at R city mall Ghatkoper.JPG

Dimple Kapadia unveils the theatrical trailer of What The Fish

Dimple Kapadia unveils the theatrical trailer of What The Fish

Dimple Kapadia donned a whole new avatar as she presented the trailer of her latest, What The Fish. She came in wearing a cotton saree and peculiar glasses carrying a fish bowl, looking rather strict much like her character in the movie.
Displaying Anand Tewari.JPG

Co-Produced by Viacom 18 Motion Pictures the film is s
et to release on December 13th
 What The Fish is a situational comedy that tells the tale of a grumpy woman, Sudha Mishra who has to leave her house and her beloved fish (Mishti) in the hands of her niece’s fiancĂ© who she detests. What follows is a series of hilarious incidents as the house is passed one after the other to varied colorful characters of the movie. 
Displaying Cast - What The Fish - (L to R - Anand Tewari, Dimple Kapadia, Shabina Shabnam, Manjot Singh).JPG
Dimple who doesn’t make too many appearances before the media was all charged to answer questions one after the other. When prompted on why she agreed to do What The Fish, Dimple said, “I did it because it was a good role and also for the money”. On being questioned on her doing an all out comedy film, Dimple said, “I loved doing a role in movie that demands such high level of humor. I hope the audiences accept and like me doing comedy for a change”.

Displaying Dimple Kapadia.JPG

Gurmmeet Singh, the director of the movie was rather ecstatic to be presenting to the world, the first look of his next. He said, “The film has so much chaos that it made complete sense to call it What The Fish. Moreso, to have the film be associated with the younger audience”. When asked about casting Dimple as Sudha Mishra he said, “When I wrote the script I never thought it would be Dimpleji I would cast as the main character lead. But when the script was over, she fit in perfectly well. Working with her was delightful; she was the only kid on the sets of the movie”.

Speech of Finance Minister P Chidambaram at the inauguration of Bharatiya Mahila Bank in Mumbai on November 19, 2013

Speech of Finance Minister P Chidambaram at the inauguration of Bharatiya Mahila Bank in Mumbai on November 19, 2013

Mumbai, November 19, 2013

I am grateful to the chairperson of the Bhartiya Mahila Bank for the warm welcome. I am happy to add my words of welcome to the Hon’ble Prime Minister, the chairperson of the UPA, the Governor, the Chief Minister, Shri Sharad Pawar, Shri Farooq Abdullah, Ministers, Members of Parliament and this distinguished gathering.

On behalf of the Government, I made a promise on February  28, 2013. I am glad that we are able to fulfil that promise today, a very special day that marks the birth anniversary of a very special person, Smt. Indira Gandhi.
 I had asked Shri M.B.N. Rao, former chairman, Canara Bank, to head a committee to draw the blue print for the Mahila Bank. The report was submitted in a record time of two months and, six months later, after working round the clock, we are here today at the inauguration of the Bank, with several branches being opened simultaneously. I wish to recognize the presence of Shri M.B.N. Rao, the other members of the Committee, and the members who constituted the interim Board of Directors, and I thank them for their splendid work. This morning, the Board inducted new Directors, Shri M.B.N. Rao alone stepped down, and what we have is an eight-member, all-women Board of Directors. I welcome that all-women Board of Directors and wish them success in their endeavour.

Empowerment of women is one of the articles of faith of the UPA Government. The Bhartiya Mahila Bank is not- I repeat, not- a symbol of empowerment of women. It is the substance of empowerment of women, along with many other measures that the Government has taken and will take in the future.
Only 26 percent of women in India admit to having a bank account. On the other hand, four public sector banks including State Bank of India and several private sector banks have a woman at the head of the bank, and I am glad many of them are here today. The obvious conclusion is that, despite good intentions, there is deep-seated bias, at the institutional and individuals levels, against women. Since fewer women than men have bank accounts, fewer women are able to get loans. Per capita credit in the case of women is 80 percent lower than in the case of men. Hence the need for a bank that predominantly serves women- from the self-help groups to the small business women and from the working woman to the high net worth individual.
Bank credit is expected to grow at a compounded annual growth rate of 16.5 percent during the twenty year period from 2010 to 2030. That will mean a twenty-fold increase from the level of credit in 2010. The deposit base is expected to grow at a compounded annual growth of 14.6 percent, that is 14 times the level of deposits in 2010. Asuming that the share of credit for women remains the same- which should not be the case and the share must increase-even at that level total credit to women will grow to Rs. 25 lakh crore. There is, therefore, an opportunity to reach more credit to more women. I am sure the Bhartiya Mahila Bank will seize the opportunity and multiply it manifold.
Bhartiya Mahila Bank will be a universal bank and will provide every banking service and facility that is provided by comparable public and private sector banks. It will establish branches all over the country and, in due course, some branches abroad. We are proud that the first such bank is a public sector bank and I sincerely hope that the private sector will emulate this example.
I offer my felicitations to the Board of Directors, employees and the first customers of the Bhartiya Mahila Bank and wish them great success.

Prime Minister Dr. Manmohan Singh inaugurates the Bharatiya Mahila Bank in Mumbai

Prime Minister Dr. Manmohan Singh inaugurates the Bharatiya Mahila Bank in Mumbai

The Prime Minister, Dr. Manmohan Singh inaugurated the Bharatiya Mahila Bank in Mumbai today.  He also inaugurated 7  branches of the bank through a remote device simultaneously at Chennai, Bangalore, Guwahati, Kolkata, Lucknow and Ahmedabad.  Speaking on the occasion the Prime Minister said, the setting up of the Bharatiya Mahila Bank is a small step towards the economic empowerment of our women and it is also a reflection of the government’s commitment to this cause. He said the Bank will fulfil the objective with which it is being established, namely financial inclusion of women and providing them equal and easy access to financial services, Dr. Singh said,  he was sure that it will particularly benefit women form the less privileged sections of our society.  The prime Minister said the fact that it will be run largely by women will serve as an example that given the opportunity, women are capable of taking on challenging tasks.  The Prime Minister also outlined the various schemes  of the government to empower women.

Speaking  on the occasion the Chief Guest, Smt. Sonia Gandhi, UPA Chairperson, said the Bharatiya Mahila Bank was being inaugurated on the most appropriate day of the birth anniversary of former Prime Minister, Indira Gandhi, who was herself a symbol of women’s empowerment.  She also said the bank would empower women and the self help groups which were mostly run by women.  Smt. Gandhi said the Bank would be a catalyst for women’s economic development.

Speaking on the occasion the Finance Minister, Shri P. Chidambaram said the inauguration of the women’s bank was the fulfullment of a promise made by him on 20.2.2012.  He also announced that an 8 member all women members joined the board of the bank today.  He also said empowerment of women was an article of faith for the UPA government and the institution of the bank was not just a symbol of empowerment but the substance of empowerment.  He also said the Bharatiya Mahila Bank was a universal bank which would provide all the services like any other bank.

At the beginning of the programme, the UPA Chairperson gave away welcome kits to the first 5 customers of the bank, while  the Prime Minister presented sanction letters to the first 5 loan applicants of the bank.

The Governor of Maharashtra, Shankaranarayanan, Chief Minister of Maharshtra, Prithviraj Chavan, Union Agriculture Minister, Sharad Pawar, Heavy Industries Minister, Praful Patel New and Renewable Energy Minister, Dr. Farooq Abdulla, Minister of State for Finance J.D. Seelam were all present on the occasion.

The Bharatiya Mahila Bank proposes to have 25 branches by March 31, 2014. Following the Finance Minister’s announcement the all-women bank has been set up with an initial capital of Rs. 1,000 crore in the public sector.