MIRA
INFORM REPORT
|
Report Date : |
12.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
PERFETTI VAN MELLE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
47th Milestone, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.06.1992 |
|
|
|
|
Com. Reg. No.: |
05-036116 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 495.536 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909HR1992PTC036116 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RTKP04072F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP2626A |
|
|
|
|
TAN No : |
33451602769 |
|
|
|
|
CST No : |
797709 Dated 07.10.94 |
|
|
|
|
ECC No : |
AAACP2626AXM002 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Marketer of Confectionery Products, Including Chewing
Gums and Toffees. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 14000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Perfetti Van Melle Holding B.V., The
Netherland. It is a well established company having fine track. General Financial position
is good. Trade relations are reported as fair. Business is active. Payment
are reported to be correct and as per commitments. The Company can be considered normal for business dealings at usual
trade terms and condition. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office / Factory 1 : |
47th Milestone, Delhi- Jaipur Highway, Manesar, Gurgaon–122
050, Haryana, India |
|
Tel. No.: |
91-124-2290337 / 2290341 |
|
Fax No. : |
91-124-2290342 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
1st Floor , Tower A, Global |
|
Tel. No.: |
91-124-3079171 |
|
Fax No.: |
91-124-2803212 |
|
|
|
|
Factory 2 : |
Chennai Factory |
|
Address : |
No.7, |
|
Tel. No.: |
91-4114-268831 |
|
Fax No.: |
91-4224-268695 |
|
|
|
|
Factory 3 : |
Rudrapur Factory |
|
Address : |
Plot No. 14/B, Sector 9, Integrated Industrial Estate, Pant Nagar,
Rudrapur- 263153, Dist – Udham Singh Nagar, |
|
Tel. No.: |
91-5911-245874 |
|
|
|
|
Sales Office : |
Located At : ·
North Branch : Gurgaon ·
South Branch : ·
East Branch : Kolkata ·
West Branch : Mumbai |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Parasmal Shikhermal Surana |
|
Designation : |
Director |
|
Address : |
224, |
|
Date of Birth/Age : |
25.01.1949 |
|
Date of Appointment : |
16.12.2002 |
|
DIN No.: |
00023553 |
|
|
|
|
Name : |
Mr. Abhey Yograj |
|
Designation : |
Director |
|
Address : |
N – 94, |
|
Date of Birth/Age : |
01.09.1943 |
|
Date of Appointment : |
26.06.1992 |
|
DIN No.: |
00029998 |
Other Directorship:
|
.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U99999DL1988PLC032421 |
CORETEC
HYGIENE PRODUCTS LIMITED |
Director |
12-07-88 |
12-07-88 |
- |
Active |
NO |
|
2 |
U51101DL1989PTC035109 |
TECNOVA
OVERSEAS PRIVATE LIMITED |
Director |
17-02-89 |
17-02-89 |
- |
Active |
NO |
|
3 |
U74899DL1989PTC035583 |
IDEATEC
TECHNOLOGIES PRIVATE LIMITED. |
Director |
27-03-89 |
27-03-89 |
- |
Active |
NO |
|
4 |
U74899DL1992PLC048310 |
ZAFFIRO
FASHION LIMITED |
Director |
10-04-92 |
10-04-92 |
01-10-09 |
Active |
NO |
|
5 |
U51909HR1992PTC036116 |
PERFETTI
VAN MELLE INDIA PRIVATE LIMITED |
Director |
26-06-92 |
26-06-92 |
- |
Active |
NO |
|
6 |
U85190MH1991PTC060363 |
L'OREAL
INDIA PRIVATE LIMITED |
Director |
17-03-95 |
17-03-95 |
- |
Active |
NO |
|
7 |
U29299DL1984PTC018517 |
TECNOVA
INDIA PRIVATE LIMITED |
Managing
director |
22-03-06 |
12-07-98 |
- |
Active |
NO |
|
8 |
U72200PN1988PLC015974 |
INDIACOM
LIMITED |
Director |
05-05-00 |
05-05-00 |
- |
Active |
NO |
|
9 |
U85195DL1998PTC094403 |
BIOMERIEUX
INDIA PRIVATE LIMITED |
Director |
22-01-01 |
22-01-01 |
18-07-11 |
Active |
NO |
|
10 |
U32109MH2005PTC192559 |
SICK
INDIA PRIVATE LIMITED |
Director |
23-02-05 |
23-02-05 |
26-02-10 |
Active |
NO |
|
11 |
U24246DL2003PTC120118 |
MOUNTAIN
VALLEY SPRINGS INDIA PRIVATE LIMITED |
Director |
31-10-05 |
31-10-05 |
30-06-07 |
Active |
NO |
|
12 |
U72900KA2006PTC049744 |
SEMCON
INDIA PRIVATE LIMITED |
Director |
17-03-06 |
17-03-06 |
01-04-07 |
Active |
NO |
|
13 |
U24111DL2006PTC148398 |
SURTEC
CHEMICALS INDIA PRIVATE LIMITED |
Director |
09-05-07 |
02-05-06 |
30-08-07 |
Active |
NO |
|
14 |
U35914JH2006PTC014951 |
JOST
INDIA AUTO COMPONENT PRIVATE LIMITED |
Director |
15-10-07 |
19-07-06 |
01-10-08 |
Active |
NO |
|
15 |
U27310TN2006PLC065084 |
ASHLEY
ALTEAMS INDIA LIMITED |
Director |
09-10-06 |
09-10-06 |
20-09-07 |
Active |
NO |
|
16 |
U24110AP1993PLC015470 |
SHANTHA
BIOTECHNICS LIMITED |
Director |
26-09-07 |
07-11-06 |
31-08-09 |
Active |
NO |
|
17 |
U36900MH2007PTC170839 |
ROQUETTE
INDIA PRIVATE LIMITED |
Director |
15-05-07 |
15-05-07 |
- |
Active |
NO |
|
18 |
U34300TN2008PTC069239 |
KOSTAL
NTTF AUTOMOTIVE INDIA PRIVATE LIMITED. |
Director |
11-09-08 |
11-09-08 |
18-09-08 |
Active |
NO |
|
19 |
U32109DL2008PTC184570 |
ALIGNMENT
SYSTEMS INDIA PRIVATE LIMITED |
Director |
31-10-08 |
31-10-08 |
- |
Active |
NO |
|
20 |
U74900DL2009PTC192419 |
CAME
INDIA AUTOMATION SOLUTIONS PRIVATE LIMITED |
Director |
21-07-09 |
21-07-09 |
22-09-09 |
Active |
NO |
|
21 |
U25203DL2009PTC196673 |
DATWYLER
PHARMA PACKAGING INDIA PRIVATE LIMITED |
Director |
05-12-09 |
05-12-09 |
07-01-11 |
Active |
NO |
|
22 |
U74900DL2010PTC198415 |
AMAAYA
RETAIL PRIVATE LIMITED |
Director |
28-01-10 |
28-01-10 |
- |
Active |
NO |
|
23 |
U40107DL2010FTC203690 |
AHLSTROM
CAPITAL SOLAR PRIVATE LIMITED |
Director |
05-06-10 |
05-06-10 |
30-08-11 |
Active |
NO |
|
24 |
U52300DL2011PTC224211 |
CHRISTIAN
LOUBOUTIN INDIA PRIVATE LIMITED |
Director |
26-08-11 |
26-08-11 |
- |
Active |
NO |
|
25 |
U74999DL1985PTC022278 |
TECNOVA
CONSULTING PRIVATE LIMITED |
Director |
04-10-11 |
04-10-11 |
- |
Converted
to LLP and dissolved |
NO |
|
26 |
AAA-7746 |
TECNOVA
CONSULTING LLP |
- |
24-01-12 |
24-01-12 |
- |
Active |
NO |
|
27 |
AAA-7746 |
TECNOVA
CONSULTING LLP |
- |
24-01-12 |
24-01-12 |
- |
Active |
NO |
|
Name : |
Mr. Stefeno Pelle |
|
Designation : |
Chairman Cum Director |
|
Address : |
Al Barsha lll, Plot 375, Street No.22C, Villa No.38, Dubai (AE) |
|
Date of Birth/Age : |
19.02.1964 |
|
Date of Appointment : |
17.04.2006 |
|
DIN No.: |
00088104 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909HR1992PTC036116 |
PERFETTI
VAN MELLE INDIA PRIVATE LIMITED |
Director |
17-04-06 |
01-02-99 |
Active |
NO |
|
2 |
U55201DL2006PTC149717 |
RESTITALIA
RESTAURANTS PRIVATE LIMITED |
Director |
14-06-06 |
14-06-06 |
Under
Process of Striking off |
NO |
|
3 |
U74140DL2005PTC141088 |
S P
ASSOCIATES MANAGEMENT CONSULTANTS PRIVATE LIMITED |
Director |
21-08-06 |
21-08-06 |
Active |
NO |
|
Name : |
Mr. Sameer Suneja |
|
Designation : |
Managing Director |
|
Address : |
H.No. – 48, Club Road, North West Avenue, Punjabi Bagh Extension, New
Delhi – 110026, India |
|
Date of Birth/Age : |
12.08.1971 |
|
Date of Appointment : |
01.02.2008 |
|
DIN No.: |
02104440 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909HR1992PTC036116 |
PERFETTI
VAN MELLE INDIA PRIVATE LIMITED |
Director |
18-09-08 |
01-02-08 |
Active |
NO |
|
2 |
U36996HR2011PTC042004 |
TARGET
CREATIVE SOLUTIONS INDIA PRIVATE LIMITED |
Director |
03-02-11 |
03-02-11 |
Active |
NO |
|
Name : |
Mr. Harsh Kumar Arora |
|
Designation : |
Director |
|
Address : |
12 / 6, Punjabi Bagh, |
|
Date of Birth/Age : |
27.08.1959 |
|
Date of Appointment : |
11.06.2007 |
|
DIN No.: |
00132859 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U55201DL2006PTC149717 |
RESTITALIA
RESTAURANTS PRIVATE LIMITED |
Director |
14-06-06 |
14-06-06 |
Under
Process of Striking off |
NO |
|
2 |
U51909HR1992PTC036116 |
PERFETTI
VAN MELLE INDIA PRIVATE LIMITED |
Director |
27-09-07 |
11-06-07 |
Active |
NO |
|
3 |
U36996HR2011PTC042004 |
TARGET
CREATIVE SOLUTIONS INDIA PRIVATE LIMITED |
Director |
03-02-11 |
03-02-11 |
Active |
NO |
|
Name : |
Mr. Massimo Terrevazzi |
|
Designation : |
Director |
|
Address : |
Minister Nelissenstraat 2, 4818 HT, |
|
Date of Birth/Age : |
11.05.1962 |
|
Date of Appointment : |
17.04.2006 |
|
DIN No.: |
00813536 |
KEY EXECUTIVES
|
Name : |
Mr. Harsh Arora |
|
Designation : |
Company Secretary |
|
Address : |
12/6, Punjabi Bagh, |
|
Date of Birth/Age : |
27.08.1959 |
|
Date of Appointment : |
11.06.2007 |
|
Pan No.: |
ABNPA2171N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Stefano Pelle |
1 |
|
Gian Luca Brusoni |
1 |
|
Perfetti Van Mille Holding B.V – |
49553498 |
|
Van Melle International Trust B.V - Netherlands |
100 |
|
Euraffair International B.V - |
1 |
|
TOTAL |
49553601 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketer of Confectionery Products, Including Chewing
Gums and Toffees. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Brand Names : |
STOP NOT |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Chewing Gum and Toffees |
Tons |
113880 |
-- |
|
Confectionery |
In Kgs |
-- |
75662899 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloite Haskins and Sells Chartered Accountant |
|
Address : |
7th Floor, Building 10, Tower B, |
|
Tel. No.: |
91-124-6792000 91-124-6792012 |
|
PAN.: |
AABFD2095B |
|
|
|
|
Holding Company : |
Perfetti Van
Melle Holding B.V., Netherlands |
|
|
|
|
Ultimate Holding Company : |
Perfetti Van
Melle SpA, Italy |
|
|
|
|
Fellow Subsidiaries : |
Perfetti Van Melle
Italia, S.r.L Gum Base Company
SpA, Italy Perfetti Van
Melle Phils., Inc. Perfetti Van
Melle Benelux B.V Perfetti Van
Melle USA Inc. Van Melle AG.
Switzerland PT Perfetti
Indonesia La Giulia S.p.A Chupa Chups
S.A.U Barcelona-Espana Perfetti Van
Melle Sri Lanka (Private) Limited Perfetti Van
Melle Bangladesh Private Limited Perfetti Van
Melle Confectionery (Shenzhen) Company Limited Perfetti Van
Melle Polska Sp.z.o.o |
|
|
|
|
Associates : |
Swathi Eco Gen
Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65000000 |
Equity Shares |
Rs.10/- each |
Rs. 650.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49553600 |
Equity Shares |
Rs.10/- each |
Rs. 495.536
Millions |
|
|
|
|
|
Note:
(Of the above
49,553,498 shares equity shares are held by Perfetti Van Melle Holding B.V., Netherlands,
the holding company, the ultimate holding company being Perfetti Van Melle SpA,
Italy.)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
495.536 |
495.536 |
495.536 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3197.429 |
2279.504 |
1574.762 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3692.965 |
2775.040 |
2070.298 |
|
|
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 |
3692.965 |
2775.040 |
2070.298 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1556.634 |
1440.517 |
1257.781 |
|
|
Capital work-in-progress |
505.824 |
173.703 |
47.646 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
2.600 |
|
|
DEFERREX TAX ASSETS |
214.191 |
178.645 |
113.712 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1265.723
|
909.176
|
736.635 |
|
|
Sundry Debtors |
105.327
|
74.741
|
79.833 |
|
|
Cash & Bank Balances |
1559.546
|
1290.017
|
970.808 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
1067.154
|
698.056
|
414.979 |
|
Total
Current Assets |
3997.750
|
2971.990 |
2202.255 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1137.184
|
626.928
|
511.381 |
|
|
Other Current Liabilities |
713.631
|
852.044
|
670.883 |
|
|
Provisions |
730.619
|
510.843
|
371.432 |
|
Total
Current Liabilities |
2581.434
|
1989.815 |
1553.696 |
|
|
Net Current Assets |
1416.316
|
982.175
|
648.559 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3692.965 |
2775.040 |
2070.298 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10340.000 |
10446.547 |
8357.700 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
10340.000 |
10446.547 |
8357.700 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
9806.555 |
7859.900 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
854.400 |
639.992 |
497.800 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(35.400) |
(64.750) |
1.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
889.800 |
704.742 |
496.500 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Goods |
NA |
153.480 |
130.734 |
|
|
|
|
NA |
0.292 |
2.043 |
|
|
TOTAL EARNINGS |
NA |
153.772 |
132.777 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
19.443 |
3.485 |
3.233 |
|
|
|
Raw Materials |
1003.210 |
795.784 |
530.301 |
|
|
|
Components, Stores and Spares |
16.556 |
7.988 |
9.955 |
|
|
|
Capital Goods |
358.620 |
245.280 |
84.766 |
|
|
TOTAL IMPORTS |
1397.829 |
1052.537 |
628.255 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.45 |
14.22 |
9.70 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.60
|
6.75 |
5.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.81
|
13.94 |
14.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.23 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.70
|
0.72 |
0.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.49 |
1.42 |
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. Constructions 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 |
No |
|
9. Name of person contacted |
No |
|
10. Designation of contact person |
No |
|
11. Turnover of firm for last three 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 |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
NOTES
The Registered office of the company has been shifted from D-62, Defence
Colony, New Delhi, Delhi – 110 024, Haryana, India to present address w.e.f
11.07.2006
STATE OF AFFAIRS
The company showed
improved financial results for the year ended 31st March 2011. Total
income showed an increase from Rs. 10340.000 Millions for the year ended 31st
March 2010 to Rs. 12980.000 Millions for the year resulting in an increase of
over 25.51%. Likewise, Profit before Tax was higher at Rs. 854.400 Millions for
the current year from Rs. 639.900 Millions of the last year and corresponding
Net Profit (after tax) ignoring extraordinary income stood at Rs. 889.800
Millions and Rs. 704.700 Millions respectively, the later showing an increase
of 26.26%.
The commercial
production of the new product, brand name ‘STOP NOT’, was successfully
carried-out during April, 2011. The product has been initially launched in the
select states only. For the present, ‘STOP NOT’ is available in the states of
Punjab, Andhra Pradesh and Karnataka. Plans to launch the product pan India are
being firmed up. The national launch is expected within October 2011. The
Directors are very hopeful of success of the new business.
FIXED ASSETS
·
Land – Freehold
·
Land – Leasehold
·
Buildings
·
Plant and Machinery
·
Motor Vehicles
·
Furniture and Fixtures
·
Computer Under Finance Lease
WEBSITE DETAILS
PROFILE
Growth, constant improvement and focus on the future. These
basic principles provide them with on-going momentum and the desire to always
improve their production processes and products for the satisfaction of their
consumers.
Chewing gum, candies and soft chews fulfill many needs and bring joy and
satisfaction to many moments in their lives, everyday. This is why they
constantly reaffirm our commitment to achieving ever higher levels of
excellence.
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. 56.05 |
|
|
1 |
Rs. 86.69 |
|
Euro |
1 |
Rs. 69.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
51 |
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.