|
Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
CADBURY INDIA LIMITED (w.e.f. 01.12.1989) |
|
|
|
|
Formerly Known
As : |
HINDUSTAN COCOA PRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
Cadbury House, 19, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2010 |
|
|
|
|
Date of
Incorporation : |
19.07.1948 |
|
|
|
|
Com. Reg. No.: |
11-006457 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.310.670 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15430MH1948PLC006457 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC05932D MUMC11991A PNEC05384B PNEC05376A MUMC00212C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACCO460H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Marketing of Malted Foods, |
|
|
|
|
No. of Employees
: |
2855 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (70) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 29000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Cadbury Schweppes Overseas Limited, Payments are reported to be regular and as per commitments. The company can be considered good for normal 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.
INFORMATION PARTED BY
Management non Co-operative
LOCATIONS
|
Registered Office : |
Cadbury House, 19, |
|
Tel. No.: |
91-22-24939558/40073100 |
|
Fax No.: |
91-22-24938698/23521698 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Offices: |
Mumbai
Chennai Kolkata |
|
|
|
|
Factories: |
Thane Himachal Pradesh Pune
KJS India Pvt. Ltd. Plot No. 1 and 2 IDA Phase – III Pashamylaram – 502307 Dist – Medak Andhra Pradesh |
|
|
|
|
Cocoa
Operations: |
Dharapuram Cadbury India ltd. Cocoa Operations Sennakalpalayam Dalavaipattinam P.O Dharapuram - 638 672 Tamil Nadu |
DIRECTORS
As on 29.09.2011
|
Name : |
Mr. Chugh
Yoginoer Pal |
|
Designation : |
Chairman |
|
Address : |
6, Bournville Apartments, 19, B, |
|
Date of Birth/Age : |
06.03.1937 |
|
Date of Appointment : |
01.07.2007 |
|
DIN No.: |
00106536 |
|
|
|
|
Name : |
Mr.Radhakrishnan B. Menon |
|
Designation : |
Director |
|
Address : |
A/804/808 Wing No.2, Shabri Ashiana, |
|
Date of Birth/Age : |
23.02.1965 |
|
Date of Appointment : |
04.07.2002 |
|
DIN No.: |
01691357 |
|
|
|
|
Name : |
Mr. Rajesh Ramanatha |
|
Designation : |
Whole Time Director |
|
Address : |
10, Shivashanti Bhuvan, 146, |
|
Date of Birth/Age : |
09.11.2007 |
|
Date of Appointment : |
01.05.2010 |
|
DIN No.: |
03077724 |
|
|
|
|
Name : |
Mr. Narayan Sundaraman |
|
Designation : |
Whole Time Director |
|
Address : |
402, |
|
Date of Birth/Age : |
29.03.1972 |
|
Date of Appointment : |
08.08.2010 |
|
DIN No.: |
03087167 |
|
|
|
|
Name : |
Mr. Hares Charandas Mariwala |
|
Designation : |
Director |
|
Address : |
A1, Ameyanand CHS, Off. |
|
Date of Birth/Age : |
14.05.1951 |
|
Date of Appointment : |
06.08.1996 |
|
DIN No.: |
00210342 |
|
|
|
|
Name : |
Mr. Anand Kripalu |
|
Designation : |
Managing Director |
|
Address : |
304, |
|
Date of Birth/Age : |
02.10.1958 |
|
Date of Appointment : |
07.11.2005 |
|
DIN No.: |
00118324 |
|
|
|
|
Name : |
Mr. Atul Ajit Bhatia |
|
Designation : |
Whole Time Director |
|
Address : |
4, Bournville Apartments, 19, B, |
|
Date of Birth/Age : |
10.07.1951 |
|
Date of Appointment : |
15.05.2007 |
|
DIN No.: |
01499587 |
|
|
|
|
Name : |
Mr. Jaiboy A. Phillios |
|
Designation : |
Whole Time Director |
|
Address : |
Sudha Kunj, |
|
Date of Birth/Age : |
21.05.1956 |
|
Date of Appointment : |
01.07.2002 |
|
DIN No.: |
01417171 |
|
|
|
|
Name : |
Mr. Chandramouli Venkatesan |
|
Designation : |
Whole Time Director |
|
Address : |
7, Bournville Apartments, 19, B, |
|
Date of Birth/Age : |
18.08.1968 |
|
Date of Appointment : |
26.05.2005 |
|
DIN No.: |
00117372 |
|
|
|
|
Name : |
Mr. Sunil Kumar Taldar |
|
Designation : |
Whole Time Director |
|
Address : |
Cadbury House, 19, Bhulabhai Desai Road, Near Mahalaxmi temple, Mumbai
– 400028, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1965 |
|
Date of Appointment : |
01.05.2011 |
|
DIN No.: |
03573298 |
|
|
|
|
Name : |
Mr. Frans Prolof Ryden |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No.12, Apurva, |
|
Date of Birth/Age : |
05.05.1972 |
|
Date of Appointment : |
02.05.2011 |
|
DIN No.: |
03595353 |
|
|
|
|
Name : |
Mr. Sree Kirat Patel |
|
Designation : |
Whole Time Director |
|
Address : |
Flat 101, Juhu Sai Darshan, B Gulmohar Cross Raod, No.5, JVPD Scheme, Vile
Parle (West), Mumbai – 400056, |
|
Date of Birth/Age : |
12.06.1958 |
|
Date of Appointment : |
23.05.2011 |
|
DIN No.: |
03554790 |
KEY EXECUTIVES
|
Name : |
Mr. Barkha Bordia |
|
Designation : |
Company Secretary |
|
Date of Birth/Age : |
06.09.1967 |
|
Date of Appointment : |
15.06.2010 |
|
PAN NO. : |
ABJPB9179P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Cadbury Schweppes Overseas Limited |
|
18213120 |
|
Cadbury Schweppes Mauritius Limited
|
|
12084582 |
|
Cadbury Mauritius Limited |
|
20731 |
|
Bhumesh Kumar Gaur |
|
5011 |
|
Pratap Chand Khanna |
|
4254 |
|
Gidwani Deepak Hargobind |
|
3813 |
|
Bel Thangadi Vivkanand Rao |
|
3493 |
|
Devinder Prakash Kalra |
|
3000 |
|
Usha Stock Holding Private Limited |
|
3000 |
|
Adminal Sourendra Nath Kohli |
|
2880 |
|
Abayns |
|
2513 |
|
Anupama Pravin Khatiwala |
|
2004 |
|
Ravina Dhawan |
|
1957 |
|
Usha Kamerkar |
|
1920 |
|
Nalinkant Chaturbhuj Asher |
|
1650 |
|
Damodhar Anant Shenvi Sawkar |
|
16540 |
|
H B Jokhakar |
|
1600 |
As on 29.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
97.62 |
|
Bodies corporate |
0.05 |
|
Other top fifty shareholders |
0.25 |
|
Others |
2.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of Malted Foods, |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Brand Names |
|
PRODUCTION STATUS (As on 31.12.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity @ |
|
Malted Foods |
Tonnes |
* |
30,100 |
|
|
Tonnes |
* |
900 |
|
Chocolates/Coated Wafer Biscuits |
Tonnes |
* |
# |
|
Hard Boiled Confectionary/Gums |
Tonnes |
* |
26,700 |
@ Installed Capacity being a technical matter, is certified by the management and relied upon by the auditors.
* Licensed Capacity is not applicable as industrial licensing has been abolished in respect of these products vide Notification No. SO-477(E) dated 25th July, 1991, issued by the Department of Industrial Development, Ministry of Industry, Government of India.
#These products are manufactured in an integrated plant and hence Installed Capacity cannot be given.
|
Particulars |
Unit |
Actual
Production @ |
|
Malted Foods |
Tens Nos |
591,396 79,568,194 |
|
|
Bags Tens |
0.000 130,541 |
|
Chocolates/Coated Wafer Biscuits |
Outers Bags Nos. Jars |
73,923,847 25,971,738 87,024,426 7,500,609 |
|
Hard Boiled Confectionary/Gums |
Jars Bags |
2,672,444 9,147,562 |
|
Gums |
Outers Jars |
5,861,552 3,780,072 |
@Production includes quantities produced by third parties under contract with the company.
'Figures do not include Cocoa Powder produced for captive consumption in other products
GENERAL INFORMATION
|
No. of Employees : |
2855(Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lovelock and Lewes Chartered Accountant |
|
Address : |
252, Veer Saverkar Marg, |
|
PAN.: |
AABFL5878L |
|
|
|
|
Advocates and
Solicitors : |
|
|
|
|
|
Ultimate Holding
Company : |
|
|
|
|
|
Holding Company : |
Cadbury Schweppes Overseas Limited, |
|
|
|
|
Subsidiaries : |
Induri Farm Limited, |
|
|
|
|
Fellow Subsidiaries |
|
CAPITAL STRUCTURE
As on 31.12.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37500000 |
Equity Shares |
Rs.10/- each |
Rs.375.000 Millions |
|
|
|
|
|
Issued :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31069553 |
Equity Shares |
Rs.10/- each |
Rs.310.696 Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31067040 |
Equity Shares |
Rs.10/- each |
Rs.310.670 Millions |
|
|
|
|
|
* Excludes 2,513 shares held in abeyance due to pending court cases.
Of the above -
(a) 26,104,044 shares were alloted as fully paid up bonus shares by capitalisation of Share Premium and General Reserve.
(b) 18,213,120 shares are held by Cadbury Schweppes Overseas
Limited,
Note: The Company bought back and extinguished 1,020,300 and 1,116,168 equity shares in 2008 and 2009 respectively.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
310.670 |
310.670 |
321.832 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7012.859 |
4997.280 |
4322.199 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7323.529 |
5307.950 |
4644.031 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
22.779 |
320.207 |
|
|
2] Unsecured Loans |
85.291 |
98.891 |
96.826 |
|
|
TOTAL BORROWING |
85.291 |
121.670 |
417.033 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
108.928 |
43.823 |
|
|
|
|
|
|
|
|
TOTAL |
7408.820 |
5538.548 |
5104.887 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5064.349 |
3526.583 |
2513.889 |
|
|
Capital work-in-progress |
801.151 |
1525.280 |
1238.648 |
|
|
|
|
|
|
|
|
INVESTMENT |
579.007 |
180.060 |
29.240 |
|
|
DEFERREX TAX ASSETS |
139.492 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3392.296
|
1998.224 |
2228.050 |
|
|
Sundry Debtors |
404.780
|
310.946 |
196.747 |
|
|
Cash & Bank Balances |
4105.620
|
2709.973 |
2738.230 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
362.084
|
659.273 |
655.834 |
|
Total
Current Assets |
8264.780
|
5678.416 |
5818.861 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5975.987 |
4462.462 |
4273.891 |
|
|
Other Current Liabilities |
537.643
|
482.189 |
17.900 |
|
|
Provisions |
926.329
|
427.140 |
203.960 |
|
Total
Current Liabilities |
7439.959
|
5371.791 |
4495.751 |
|
|
Net Current Assets |
824.821
|
306.625 |
1323.110 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7408.820 |
5538.548 |
5104.887 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
25032.359 |
19343.779 |
15885.954 |
|
|
|
Other Income |
302.686 |
142.267 |
250.654 |
|
|
|
TOTAL (A) |
25335.045 |
19486.046 |
16136.608 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Materials Cost |
11264.062 |
8393.654 |
7258.998 |
|
|
|
Personnel Cost |
1871.349 |
1478.066 |
1302.200 |
|
|
|
Other Expenses |
9061.065 |
6800.121 |
5652.435 |
|
|
|
(Increase) / Decrease in Stocks |
0.000 |
0.000 |
(513.193) |
|
|
|
TOTAL (B) |
22196.476 |
16671.841 |
13700.440 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3138.569 |
2814.205 |
2436.168 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
39.033 |
32.776 |
52.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3099.536 |
2781.429 |
2384.130 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
607.588 |
438.329 |
365.219 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2491.948 |
2343.100 |
2018.911 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
404.150 |
456.828 |
361.066 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2087.798 |
1886.272 |
1657.845 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4432.243 |
3899.162 |
3431.319 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
0.000 |
1138.491 |
989.691 |
|
|
|
Transfer to General Reserve |
208.780 |
142.000 |
64.371 |
|
|
|
Dividend |
62.139 |
62.139 |
10.940 |
|
|
|
Tax on Dividend |
10.080 |
10.561 |
125.000 |
|
|
BALANCE CARRIED
TO THE B/S |
6239.042 |
4432.243 |
3899.162 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings (excluding exports to |
127.962 |
169.407 |
66.000 |
|
|
|
Freight and Insurance |
1.789 |
2.083 |
4.479 |
|
|
TOTAL EARNINGS |
129.751 |
171.49 |
70.479 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1778.701 |
1165.165 |
1256.117 |
|
|
|
Stores & Spares |
18.773 |
8.816 |
16.556 |
|
|
|
Capital Goods |
198.427 |
350.118 |
443.235 |
|
|
TOTAL IMPORTS |
1995.901 |
1524.099 |
1715.908 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
67.20 |
59.72 |
50.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
PAT / Total Income |
(%) |
8.24
|
9.68 |
10.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.95
|
12.11 |
12.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.70
|
25.45 |
24.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.44 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.03
|
1.03 |
1.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.06 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
Details of Sundry Creditor
Rs. In Millions
|
Particular |
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
Micro and Small Enterprises |
2.544 |
5.729 |
2.785 |
|
Others |
5973.443 |
4456.733 |
4271.106 |
|
Total |
5975.987 |
4462.462 |
4273.891 |
CONTINGENT
LIABILITIES
Rs. In Millions
|
Particular |
31.12.2010 |
31.12.2009 |
|
Income-tax matters - Matters decided against the company in respect of which the company has preferred an appeal |
67.490 |
123.563 |
|
Excise matters |
866.136 |
767.112 |
|
Sales Tax matters |
489.170 |
467.427 |
|
Entry tax matters |
2.620 |
2.570 |
|
Others |
84.938 |
69.178 |
Note: Future cash outflows in respect of the above are determinable only on receipt of judgements /decisions pending with various authorities/forums and/or final outcome of the matters.
WEB DETAILS
Profile
Subject is a part of Kraft Foods. Cadbury
In
Cadbury
In the Milk Food drinks segment there main product is Bournvita - the leading Malted Food Drink (MFD) in the country. Similarly in the medicated candy category Halls is the undisputed leader. We recently entered the biscuits category with the launch of the Worlds No 1 biscuit brand Oreo.
Since 1965 Cadbury has also pioneered the development of
cocoa cultivation in
Press Release
Father-daughter duo
charm the viewers in Oreo’s new TVC
Mumbai, March 2012: Cadbury
This simple, insightful film captures a little girl who loves to play her mother’s role while she is away, bossing her dad around. The girl’s ‘mom-like’ dialogues at the dinner table are at the core of this highly endearing film.
Speaking on the campaign, Chandramouli Venkatesan, Director
–
Robby Mathew, National Creative Director, Interface Communications, who developed the TVC campaign, adds, “The TVC campaign is built around the fondness that little girls have for playing their mother’s role, the liberties they take with their dad and the dad’s ‘compulsive need’ to indulge and pamper his little princess. It explores the dynamics of a father and daughter relationship.”
The new TVC, exploring a new relationship, is based on the family togetherness platform and there are some interesting activities in the pipeline that will create fun-filled opportunities for parent-child bonding.
ABOUT CADBURY
Cadbury India Ltd. is a part of the Kraft Foods Group.
Cadbury
ABOUT KRAFT FOODS
Kraft Foods Inc. (NYSE: KFT) is a global snacks powerhouse with an unrivaled portfolio of brands people love. Proudly marketing delicious biscuits, confectionery, beverages, cheese, grocery products and convenient meals in approximately 170 countries, Kraft Foods had 2011 revenue of $54.4 billion. Twelve of the company’s iconic brands – Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Tang and Trident – generate revenue of more than $1 billion annually. On Aug. 4, 2011, Kraft Foods announced plans to divide and create two independent public companies: a high-growth global snacks business and a high-margin North American grocery business. The transaction is expected to be completed before the end of 2012. A leader in innovation, marketing, health and wellness and sustainability, Kraft Foods is a member of the Dow Jones Industrial Average, Standard and Poor's 500, Dow Jones Sustainability Index and Ethibel Sustainability Index.
FIXED ASSETS
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 :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
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.
Our 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.52.49 |
|
|
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
70 |
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.