|
Report Date : |
30.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
DANONE NARANG BEVERAGES PRIVATE LIMITED (w.e.f. 30.12.2010) |
|
|
|
|
Formerly Known
As : |
NARANG BEVERAGES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Hall No. 3, Sarkar Heritage, Kane and |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.06.2011 |
|
|
|
|
Date of
Incorporation : |
24.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173425 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs. 0.204
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15500MH2007PTC173425 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of EMCG Product (Mineral Water). |
|
|
|
|
No. of
Employees: |
Approximately 33 (Office 8, Factory 25) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company
has incurred a loss in the current year i.e. June, 2011. However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
|
Name : |
Ms. Aarmee |
|
Designation : |
Assistant Finance Manager |
|
Contact No.: |
91-8879489350 |
|
Date : |
29.05.2012 |
LOCATIONS
|
Registered Office : |
Hall No. 3, Sarkar Heritage, Kane and |
|
Tel. No.: |
91-22-61330605 / 61330508 |
|
Mobile No.: |
91-8879489350 (Ms. Aarmee) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
10000 sq. ft. |
|
Location : |
Leased |
|
|
|
|
Factory : |
Adhya Himalaya
Water Plat 81 D1 EPIP Phase I, Jharmjri, Baddi, District Solan, |
|
Tel. No.: |
91-1795-271600 |
DIRECTORS
AS ON 27.12.2011
|
Name : |
Mr. Rahul Rama Narang |
|
Designation : |
Director |
|
Address : |
Narang House, 40 Pali Hill, |
|
Date of Birth/Age : |
10.04.1974 |
|
Date of Appointment : |
24.08.2007 |
|
DIN No.: |
00029995 |
|
|
|
|
Name : |
Mrs. Mona Rama Narang |
|
Designation : |
Additional Director |
|
Address : |
Narang House, 40 Pali Hill, |
|
Date of Birth/Age : |
13.03.1947 |
|
Date of Appointment : |
02.03.2009 |
|
DIN No.: |
02966597 |
|
|
|
|
Name : |
Mr. Vincent Robert |
|
Designation : |
Director |
|
Address : |
09, |
|
Date of Birth/Age : |
20.09.1958 |
|
Date of Appointment : |
16.07.2010 |
|
DIN No.: |
03187008 |
|
|
|
|
Name : |
Mr. Bernard Alain Marie Ducros |
|
Designation : |
Nominee Director |
|
Address : |
JL Cilandak Bawah I No.65, Jakarta Selatan, Indonesia-12430 |
|
Date of Birth/Age : |
19.04.1949 |
|
Date of Appointment : |
16.07.2010 |
|
DIN No.: |
03128257 |
|
|
|
|
Name : |
Mr. Morten Schott Knudsen |
|
Designation : |
Nominee Director |
|
Address : |
9, Nathan Road, #16-03, Regency Park, Singapore-248730, Singapore |
|
Date of Birth/Age : |
25.12.1970 |
|
Date of Appointment : |
16.07.2010 |
|
DIN No.: |
03279297 |
KEY EXECUTIVES
|
Name : |
Ms. Aarmee |
|
Designation : |
Assistant Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.12.2011
|
Names of Shareholders |
No. of Shares |
|
Narang Rama Rahul |
9999 |
|
Narang Buzz Services Private Limited, India |
1 |
|
Myen Pte Limited, Singapore |
10409 |
|
TOTAL |
20409 |
AS ON 27.12.2011
|
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 |
51.00 |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
48.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of EMCG Product (Mineral Water). |
|
|
|
|
Brand Names : |
“QUA” |
GENERAL INFORMATION
|
No. of Employees : |
Approximately 33 (Office 8, Factory 25) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Citi Bank, Fort Branch, Mumbai, Maharashtra, India
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountant |
|
Address : |
Plot No.Y-14, Block-EP, Sector-V, Salt Lake Electronic Complex, Bidhan
Nagar, Kolkata-700091, West Bengal, India |
|
Pan No.: |
AAHFP0187A |
|
|
|
|
Holding Company : |
Myen Pte. Limited, Singapore |
CAPITAL STRUCTURE
AS ON 30.06.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20409 |
Equity Shares |
Rs.10/- each |
Rs. 0.204
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.06.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.204 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
317.277 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(61.312) |
(0.079) |
(0.071) |
|
|
NETWORTH |
256.169 |
0.021 |
0.029 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.110 |
0.012 |
0.020 |
|
|
TOTAL BORROWING |
0.110 |
0.012 |
0.020 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
256.279 |
0.033 |
0.049 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.823 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.723
|
0.000
|
0.000 |
|
|
Sundry Debtors |
32.871
|
0.000
|
0.000 |
|
|
Cash & Bank Balances |
191.575
|
0.035
|
0.100 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
77.602
|
0.000
|
0.000 |
|
Total
Current Assets |
303.771
|
0.035 |
0.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
51.593
|
0.014
|
0.000 |
|
|
Other Current Liabilities |
3.705
|
0.000
|
0.000 |
|
|
Provisions |
0.017
|
0.000
|
0.063 |
|
Total
Current Liabilities |
55.315
|
0.014 |
0.063 |
|
|
Net Current Assets |
248.456
|
0.021
|
0.037 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.012 |
0.012 |
|
|
|
|
|
|
|
|
TOTAL |
256.279 |
0.033 |
0.049 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.06.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
127.384 |
0.000 |
0.000 |
|
|
|
Other Income |
15.001 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
142.385 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
101.737 |
0.000 |
0.000 |
|
|
|
Employees Costs |
23.197 |
0.000 |
0.000 |
|
|
|
Legal and Professional Expenses |
0.0000 |
0.000 |
0.057 |
|
|
|
Other Expenses |
76.315 |
0.008 |
0.000 |
|
|
|
ROC Filing Fees |
0.000 |
0.000 |
0.000 |
|
|
|
Audit Fees |
0.000 |
0.000 |
0.002 |
|
|
|
TOTAL (B) |
201.249 |
0.008 |
0.059 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[58.864] |
[0.008] |
[0.059] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.072 |
0.000 |
-- |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
[58.936] |
[0.008] |
[0.059] |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.298 |
0.000 |
-- |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
[61.234] |
[0.008] |
[0.059] |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
[61.234] |
[0.008] |
[0.059] |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
[0.078] |
[0.070] |
[0.011] |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
[61.312] |
[0.078] |
[0.070] |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Miscellaneous Income |
NA |
1.833 |
0.000 |
|
|
TOTAL EARNINGS |
NA |
1.833 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
NA |
1.534 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
1.534 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
[3341.17] |
[0.80] |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
30.06.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
[43.01]
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
[48.07]
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
[19.65]
|
[22.86] |
[59.00] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
[0.24]
|
[0.38] |
[2.03] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.22
|
1.24 |
2.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.49
|
2.50 |
1.59 |
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 |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
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 |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
30.06.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Sundry creditors for goods and expenses |
51.593 |
0.014 |
0.000 |
|
TOTAL |
51.593 |
0.014 |
0.000 |
CHANGE OF NAME OF
THE COMPANY
During the financial period the Company has changed its name from “Narang
Beverages Private Limited” to “DANONE NARANG BEVERAGES PRIVATE LIMITED” on 18th
November, 2010 and complied with all the applicable laws, rules, regulation
etc. It has received fresh certificate of incorporation dated 30th
December, 2010 from Ministry of Corporate Affairs, Mumbai, Maharashtra
consequent upon change of its name
FIXED ASSETS
·
Plant and Machinery
·
Office Equipments
·
Computers
·
Vehicles
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. 55.58 |
|
|
1 |
Rs. 87.14 |
|
Euro |
1 |
Rs. 69.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.