%20LIMITED-136212%2024-Mar-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
24.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
RECKITT BENCKISER ( |
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|
|
|
Formerly Known As : |
RECKITT AND COLMAN OF INDIA LIMITED |
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|
|
|
Registered Office : |
227, Okhla
Industrial Estate, Phase – III, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
05.07.1951 |
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Com. Reg. No.: |
55-127062 |
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CIN No.: [Company
Identification No.] |
U74999DL1951PLC127062 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
RTKR01561A |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business : |
Manufacturing and marketing of Drugs and Medicines, Bulk
Drugs, Formulations, Denture Products, Food Products, Laundry Products,
Household Products and Aromatic Chemicals. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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|
Maximum Credit Limit : |
USD 5391000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track. General Financial Position of the company is good. Trade relations are fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered normal for good business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
|
Registered Office : |
227, Okhla
Industrial Estate, Phase – III, |
|
Tel. No.: |
91-11-41609300 |
|
Fax No.: |
91-11-26323617 |
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E-Mail : |
surrender-sharma@reckittbenckister.com rajeshk.jha@reckittbenckiser.com
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|
Website : |
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Corporate Office : |
Enkay Centre, 2nd Floor, Vanijya Nikunj, Udyog Vihar,
Phase V, Gurgaon -122016, |
|
Tel. No.: |
91-124-2398200/2398209 |
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Fax No.: |
91-124-2398230/2398231/2398232 |
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|
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Factory 1 : |
25, Ho Chi Minh Sarani, Behala, Kolkata - 700 061, West |
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Tel. No.: |
91-33-2493 4079 / 4717 |
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Fax No.: |
91-33-2493 3529 |
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Contact Person : |
Mr. Saibal Sarkar – Factory Manager |
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Factory 2 : |
20/1, |
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Tel. No.: |
91-33-2479 8361 / 8362 |
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Contact Person : |
Mr. Saibal Sarkar – Factory Manager |
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Factory 3 : |
P. O. Kalla, |
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Tel. No.: |
91-341-2202521 / 2204683 |
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Fax No.: |
91-341-2209788 |
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Contact Person : |
Mr. S K Bardhan- Factory Manager |
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Factory 4 : |
61-62, Hootagalli Estate, |
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Tel. No.: |
91-821-2402509 /
2402520 |
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Fax No.: |
91-821-2402758 |
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Contact Person : |
Mr. D N Kulkarni, Factory Manager |
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|
|
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Factory 5 : |
Plot No. 176, SIPCOT Hosur Industrial Area, Hosur - 635
126, |
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Tel. No.: |
91-4344-276661 / 276490 |
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Fax No.: |
91-4344-276662 / 277205 |
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Contact Person : |
Mr. Debjit Banerjee – Factory Manager |
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Factory 6 : |
B-4/10, |
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Tel. No.: |
91-11-23272121 |
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Fax No.: |
91-11-23281662 |
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Contact Person : |
Mr. Pankaj Agarwal – Regional Manager |
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Factory 7 : |
Mahalaxmi Chambers, 29, |
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Tel. No.: |
91-80-25584614 |
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Fax No.: |
91-80-25584738 |
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Contact Person : |
Mr. Vishal Gupta – Regional Manager |
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Factory 8 : |
107-111, Nirman Kendra, 1st Floor, Dr. E. Mosses Road, Near Famous Studio, Mahalaxmi, Mumbai – 400 011, Maharashtra |
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Tel. No.: |
91-22-24965840 |
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Fax No.: |
91-22-24980801 |
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Factory 9 : |
41, |
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Tel. No.: |
91-33-22886850 |
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Fax No.: |
91-33-22888085 |
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Factory 10: |
Plot No.48, Institutional Area, Sector 32, Gurgaon –
122001, |
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Tel. No.: |
91-124-4028000 / 3319000 |
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Fax No.: |
91-124-4340110 |
DIRECTORS
As on 26.04.2010
|
Name : |
Mr. Chander Mohan Sethi |
|
Designation : |
Managing Director
|
|
Address : |
302 B, Court
Greens, Laburnum Condominium Complex, Sushant Lok 1, Gurgaon – 122002, |
|
Date of Birth/Age : |
08.03.1949 |
|
Date of Appointment : |
21.01.2002 |
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DIN : |
00319297 |
|
Other Directorships : |
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Name : |
Mr. Parag Agarwal |
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Designation : |
Whole-time
Director |
|
Address : |
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Date of Birth/Age : |
19.02.1966 |
|
Date of Appointment : |
03.03.2010 |
|
DIN : |
02954487 |
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|
|
|
Name : |
Mr. Colin Richard Day |
|
Designation : |
Non Executive
Director |
|
Address : |
The Beeches, |
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Date of Birth/Age : |
21.03.1955 |
|
Date of Appointment : |
24.03.2001 |
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DIN : |
00319884 |
|
Other Directorships : |
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Date of Cessation : |
08.02.2011 |
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Name : |
Mr. Alfred Kurt Caspers |
|
Designation : |
Director |
|
Address : |
Winbar, |
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Date of Birth/Age : |
20.03.1961 |
|
Date of Appointment : |
19.04.2002 |
|
DIN : |
00545442 |
|
Other Directorships : |
Reckitt Benckiser
[Lanka] Limited |
|
|
|
|
Name : |
Mr. Arroyo Guerra
Alfredo |
|
Designation : |
Director |
|
Address : |
Faseo De Gracia,
908007 |
|
Date of Birth/Age : |
07.04.1957 |
|
Date of Appointment : |
08.09.2003 |
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|
|
|
Name : |
Mr. David Walter
Poulter |
|
Designation : |
Director |
|
Address : |
The Hornets Nest,
|
|
Date of Birth/Age : |
21.08.1962 |
|
Date of Appointment : |
25.02.2005 |
|
|
|
|
Name : |
Mr. Manish Dawar |
|
Designation : |
Executive
Director, CFO and CS |
|
Address : |
D502, Lagoon
Apartments, |
|
Date of Birth/Age : |
19.12.1965 |
|
Date of Appointment : |
26.06.2003 |
|
Other Directorships : |
|
|
|
|
|
Name : |
Mr. Daniel
Carretero Martinez |
|
Designation : |
Director |
|
Address : |
Crer Sant Pere
Martir, 20, 3, 2, |
|
Date of Birth/Age : |
20.10.1968 |
|
Date of Appointment : |
01.11.2006 |
|
|
|
|
Name : |
Mr. Sreenivas Rao
Nandigam |
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Designation : |
Whole-time
Director |
|
Date of Birth/Age : |
24.04.1969 |
|
Date of Appointment : |
17.12.2008 |
|
DIN : |
02410352 |
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|
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Name : |
Mr. Jose Joaquin
Camero Gonzalez |
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Designation : |
Director |
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Date of Birth/Age : |
01.08.1955 |
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Date of Appointment : |
17.12.2008 |
|
DIN : |
02466459 |
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|
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|
Name : |
Mr. RoopakTaneja |
|
Designation : |
Director |
|
Date of Birth/Age : |
24.01.1967 |
|
Date of Appointment : |
03.03.2010 |
|
DIN : |
02889984 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.04.2010
|
Names of Shareholders |
|
No. of Shares |
|
Reckitt Benckiser Plc |
|
10725120 |
|
Reckitt Benckiser Plc |
|
6060602 |
|
Hemlata Kulinkant |
|
806 |
|
Kulinkant Jadavji |
|
536 |
|
Manilal Jadavji |
|
1344 |
|
Kantilal Jadavji |
|
806 |
|
Amina Ibrahim Tunka |
|
908 |
|
Husain Ibrahim Tunka |
|
2418 |
|
Yogesh Mathuradas |
|
748 |
|
Janak Mathuradas |
|
748 |
|
Udita Jhunjhunwala |
|
1502 |
|
Dinshaw Framji Mehta |
|
4094 |
|
Shridhar P Iyer |
|
2050 |
|
Vishal Jhunjhunwala |
|
1506 |
|
Parvez Abdul Kadar Khatri |
|
1054 |
|
Prathmesh Hasmukh Raichura |
|
500 |
|
|
|
6693556 |
|
Veena Kantilal Kenia |
|
804 |
|
Taiyeb M Hasanaly Mamuwala |
|
906 |
|
|
|
2771799 |
SHAREHOLDING PATTERN
As on 26.04.2010
|
Category |
|
Percentage |
|
Foreign holdings (Foreign institutional investor(S), Foreign
companie(S) Foreign financial institution(S), Non-resident indan(S) or
Overseas corporate bodies or Others |
|
99.89 |
|
Other top fifty(50) shareholders (other than listed above) |
|
0.11 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and marketing of Drugs and Medicines, Bulk
Drugs, Formulations, Denture Products, Food Products, Laundry Products,
Household Products and Aromatic Chemicals. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
1476 (Approximately) |
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|
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|
Bankers : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
Director of
Industries Himachal Pradesh, through Member Secretary, SWCA, Parwanoo –
173220, |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered
Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower – B, DLF
Cyber City, Gurgaon – 122002, Haryana- HR, India |
|
|
|
|
Memberships : |
Confederation of Indian Industry |
|
|
|
|
Holding Company : |
Reckitt Benckiser Plc, |
|
|
|
|
Subsidiaries : |
Reckitt Piramal Private Limited CIN : U24239MH1997PTC111897 |
|
|
|
|
Fellow Subsidiaries : |
|
CAPITAL STRUCTURE
As on 26.04.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs. 350.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
26279612 |
Equity Shares |
Rs.10/- each |
Rs. 262.796
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
262.796 |
262.796 |
262.796 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1085.086 |
794.232 |
876.923 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1347.882 |
1057.028 |
1139.719 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1347.882 |
1057.028 |
1139.719 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1094.373 |
1035.933 |
1089.171 |
|
|
Capital work-in-progress |
457.566 |
150.407 |
79.083 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.000 |
5.000 |
5.200 |
|
|
DEFERREX TAX ASSETS |
104.118 |
27.467 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1554.936
|
1366.024
|
1211.153
|
|
|
Sundry Debtors |
343.519
|
237.530
|
202.895
|
|
|
Cash & Bank Balances |
1334.486
|
1616.129
|
4030.362
|
|
|
Other Current Assets |
11.123
|
31.805
|
94.887
|
|
|
Loans & Advances |
318.778
|
348.544
|
371.426
|
|
Total
Current Assets |
3562.842
|
3600.032
|
5910.723 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
324.622
|
786.942
|
223.385
|
|
|
Sundry Creditors |
2556.611
|
2199.122
|
2028.756
|
|
|
Provisions |
994.784
|
775.747
|
3692.317
|
|
Total
Current Liabilities |
3876.017
|
3761.811
|
5944.458 |
|
|
Net Current Assets |
(313.175)
|
(161.779)
|
(33.735) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1347.882 |
1057.028 |
1139.719 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
17901.185 |
15296.031 |
13131.040 |
|
|
|
Other Income |
224.532 |
413.043 |
713.261 |
|
|
|
TOTAL (A) |
18125.717 |
15709.074 |
13844.301 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials |
7634.360 |
6747.834 |
5916.989 |
|
|
|
Employment |
896.056 |
682.110 |
630.227 |
|
|
|
Others |
6033.466 |
4941.260 |
4338.560 |
|
|
|
TOTAL (B) |
14563.882 |
12371.204 |
10885.776 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3561.835 |
3337.870 |
2958.525 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
176.701 |
119.752 |
137.980 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3385.134 |
3218.118 |
2820.545 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
465.511 |
421.100 |
301.427 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2919.623 |
2797.018 |
2519.118 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.481 |
366.874 |
1174.250 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
291.962 |
279.702 |
251.911 |
|
|
|
Interim Dividend |
2036.670 |
2562.262 |
0.000 |
|
|
|
Final Dividend |
210.237 |
78.839 |
2627.961 |
|
|
|
Tax on Corporate Dividend |
381.862 |
241.608 |
446.622 |
|
|
BALANCE CARRIED
TO THE B/S |
0.373 |
1.481 |
366.874 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods calculated on FOB basis |
48.467 |
25.443 |
17.927 |
|
|
TOTAL EARNINGS |
48.467 |
25.443 |
17.927 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
555.780 |
384.411 |
154.246 |
|
|
|
Capital Goods |
46.386 |
1.816 |
21.503 |
|
|
TOTAL IMPORTS |
602.166 |
386.227 |
175.749 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
111.10 |
106.43 |
95.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2009 |
31.12.2008 |
31.12.2007 |
|
PAT / Total Income |
(%) |
16.11 |
17.81 |
18.20
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
18.91 |
21.04 |
21.48
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
72.69 |
69.42 |
40.29
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
2.51 |
3.04 |
2.47
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.88 |
3.56 |
5.22
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92 |
0.96 |
0.99
|
LOCAL AGENCY FURTHER INFORMATION
Performance :
The trend of
delivering consistent growth continues. The net sales of the company for the
year 2009 grew to Rs.18216.900 million from Rs.15218.200 million in 2008, that
is an increase of about 17%. The profits have also increased at a good rate as
compared to the previous year. The profit before tax for the year 2009 stood at
Rs.3385.100 million and profit after tax was Rs.2919.600 million in the
previous year.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U74999DL1951PLC127062 |
|
Name of the
company |
RECKITT BENCKISER
( |
|
Address of the
registered office or of the principal place of business in |
227 Okhla
Industrial Estatephase Iii |
|
Type of charge |
Others |
|
Particular of
charge holder |
Director of
Industries Himachal Pradesh, through Member Secretary, SWCA, Parwanoo –
173220, |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
Hypothecation for Central Capital Investment Subsidy dated 19th August 2008. |
|
Date of
instrument Creating the charge |
19.08.2008 |
|
Amount secured by
the charge |
Rs.3.000 million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- Nil Terms of Repayment - Nil Margin - Nil Extent and
Operation of the charge - The charge would operate and will be valid for a
period of 5 years in order to ensure that the conditions prescribed under the
Central Capital Investment Subsidy Scheme, 2003 are complied with. |
|
Short particulars
of the property charged |
All machinery and
equipments belonging to the Company and lying at its unit situated at
Parwanoo, District Solan, Himachal Pradesh. |
HISTORY
Subject is formerly known as Reckitt and Colman of India was
incorporated in 1951 and promoted by the British multinational Reckitt
Benckiser plc which presently holds a 51% stake in the company. Reckitt
manufactures a host of products such as ultramarine blue, food products,
antiseptics, polishes, cosmetics and pharmaceuticals. Some of its popular
brands are Dettol, Cherry Blossom, Brasso, Silvo, Robin, Harpic, Disprin, etc.
In 1987, the company set up a multi-purpose chemical plant at Hosur. Commercial
production at this plant commenced in Jan.'87. In 1991, it diversified further
into the production of raw materials used in pharmaceutical and household
products. It introduced new products like mosquito-repellents and liquid soap.
In 1994, the company entered into an agreement with Shell International
Petroleum Company,
Subsidiary
Company:
Particulars of M/s. Reckitt Piramal Private Limited, a subsidiary of the
Company as required under Section 212 of the Companies Act, 1956 are attached
and forms part of this Report.
Trade Reference:
- Pest Control India Limited
- BK Technologies Private Limited
- Kanhan Packages
- True Packaging
- Sri Sudhindra Offset
- Ushma Industries
- AK Industries
- Cooper Plastic
- Dixit Brothers
- DG Industries
- Sangido
- Super Offset
- Progressive Printers
- Pragati Printers
- U Tech Industries
- Al Aromas
Fixed Assets
- Land – Freehold
- Leasehold Improvements
- Buildings
- Plant and Machinery
- Furniture and Fittings
- Vehicles and Computers
WEBSITE DETAILS:
Board of Directors
Bart Becht
Age 51
Joined Benckiser
in 1988 and served as General Manager in
Member of the Nomination Committee
Adrian Bellamy
Age 66
Adrian Bellamy
has served as a Non-Executive Chairman of Reckitt Benckiser since May 2003,
having served four years as a Non-Executive Director. Mr Bellamy was born
in
Member of the Remuneration Committee
Chairman of the Nomination Committee
Colin Day
Age 52
Joined Reckitt Benckiser
in September 2000 from Aegis Group plc where he was Group Finance Director from
1995. Prior to that he was at Kodak, British Gas, De La Rue Group plc and
ABB Group. Mr Day is responsible for financial controls and reporting, tax,
treasury, corporate development, legal affairs and internal audit. He is
an Executive Director of Reckitt Benckiser. He is currently a
Non-Executive Director of WPP Group plc and Cadbury plc.
Peter Harf
Age 62
Peter Harf was
appointed Deputy Chairman of the Board of Reckitt Benckiser in December
1999. He served as Chairman of the Remuneration Committee until June
2004. He is Chairman of Coty Inc., a worldwide fragrance and cosmetics
company with sales of US$3.3billion in fiscal 2007. In addition he is Chairman
of InBev, the world’s largest brewing company and was until May 2007 a director
of the Brunswick Corporation. He is Chief Executive officer of Joh A.
Benckiser SE, a privately held financial holding company. Dr Harf received his
MBA degree in 1974 from the
Member of the Nomination Committee
Ken Hydon
Age 64
Kenneth Hydon was
appointed as a Non-Executive Director of Reckitt Benckiser and member of the Audit
Committee in December 2003. He was appointed Chairman of the Audit
Committee in November 2006. He was the Senior Independent Non-Executive
Director from February 2005 to November 2006. Mr Hydon joined Vodafone as
Financial Director in 1985 and played a significant role in its rapid growth
with operations in 26 countries worldwide. He retired from Vodafone in
July 2005. While at Vodafone he was a member of the Supervisory Board of
Mannersmann AG and a director of Verizon Wireless in the
Chairman of the Audit Committee
Member of the Nomination Committee
André Lacroix
Age 48
André Lacroix was
appointed to the Board of Reckitt Benckiser as a Non-Executive Director on 1
October 2008. He is Group Chief Executive of Inchcape plc and Chairman of Good
Restaurants AG. He was previously Chairman and Chief Executive Officer of Euro
Disney between July 2003 and May 2005. Prior to joining Euro Disney, Mr.
Lacroix worked for Burger King for seven years and was appointed President of
Burger King International in 2001. From 1988 to 1996 he held a series of senior
marketing, sales and general management roles at Pepsi Cola, serving in a
number of their European and international markets. Previously he has also held
positions at Colgate Palmolive and Ernst and Young. In 1983, he graduated from
ESCP (Ecole Superieure de Commerce de
Member of
the Audit Committee
Graham Mackay
Age 58
Graham Mackay was
appointed to the Board of Reckitt Benckiser as a Non-Executive Director and
member of the Remuneration Committee in February 2005. In November 2006, he was
appointed as the Senior Independent Non-Executive Director. He joined
South African Breweries (SAB) in 1978 as Systems Manager. Following a number of
senior positions, he was appointed Managing Director in 1997, then Chief
Executive on the company’s relisting on the London Stock Exchange in 1999.
SABMiller plc is one of the world's largest brewers operating in over 40
countries across four continents. He joined the board of Philip Morris
International Inc. in October 2008. Brought up in
Member of the Remuneration Committee
Judith Sprieser
Age 54
Judith Sprieser
was appointed to the Board of Reckitt Benckiser in August 2003 and Chair of the
Remuneration Committee in 2004. From September 2000 to February 2004, she was
Chief Executive Officer of Transora, a technology software and services
company. Ms Sprieser also served as Executive Vice President of Sara Lee
Corporation from 1998 to 2000 and Chief Financial Officer from 1994 to 1998.
She has a bachelor's degree and an MBA from
Chair of the Remuneration Committee
Member of the Nomination Committee
David Tyler
Age 55
David Tyler was appointed to the Board of Reckitt Benckiser as a Non-Executive
Director in February 2007 and became a member of the Audit Committee in May
2007. He is Chairman of Logica plc and of 3i Quoted Private Equity
Limited, and also a Non-Executive Director of Experian Group Limited and
Burberry Group plc. His executive career from 1974 to 2006 was spent in
financial and general management in Unilever plc, County NatWest Limited,
Christie’s International plc and GUS plc. Mr Tyler is a Fellow of the
Chartered Institute of Management Accountants and a Member of the Association
of Corporate Treasurers.
Member of the Audit Committee
Industries
|
Item Code No. |
Product Description |
|
5122 |
Drugs, Drug
Proprietories, and Druggists’ Sundries |
|
5169 |
Chemicals and
Allied Products |
|
2099 |
Food Preparations
|
|
NONCYC |
Consumer/Non
–Cyclical |
|
PERPRD |
Personal and
Household Products |
|
311999 |
All Other
Miscellaneous Food Manufacturing |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
The market
survey revealed that the amount of compensation sought by the subject is fair
an
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
The Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 44.97 |
|
|
1 |
Rs. 73.34 |
|
Euro |
1 |
Rs. 63.98 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
52 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.