MIRA INFORM REPORT

 

 

Report Date :

27.09.2012

 

IDENTIFICATION DETAILS

 

Name :

NUTRICIA INTERNATIONAL PRIVATE LIMITED (w.e.f. 07.12.2011)

 

 

Formerly Known As :

G AND K BABY CARE PRIVATE LIMITED

 

 

Registered Office :

11th Floor, Building 8C, DLF Cybercity, DLF Phase 2, Gurgaon - 122002 Haryana

 

 

Country :

India

 

 

Date of Incorporation :

15.05.2011

 

 

Com. Reg. No.:

05-042913

 

 

Capital Investment/ Paid-up Capital:

Rs.85.340 Millions

 

 

CIN No.:

[Company Identification No.]

U15400HR2011PTC042913

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Food Products.

 

 

No. of Employees:

Information denied by management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

NB

NEW BUSINESS

 

 

 

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a new a company and establishing itself gradually. Networth of the company appears to be good.

 

Trader relations are reported as fair. Business is active. Payment terms are unknown.

 

The company can be considered for business dealings on a safe and secured terms and conditions.

 

Note: ‘G and K Baby Care Private Limited’  is known as ‘Nutricia International Private Limited’ with effect from 07.12.2011

 

 

NOTES:

 

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

INFORMATION DENIED

 

Name :

Mr. Jatindra

Designation :

Accounts Executive

Date :

26.09.2012

 

 

LOCATIONS

 

Registered Office :

11th Floor, Building 8C, DLF Cybercity, DLF Phase 2, Gurgaon - 122002 Haryana, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

sundar.raman@danone.com

 

 

Branch Office  :

1 F, Raheja Centre Point, 294, C.S.T Road, Kalina, Santacruz, Mumbai – 400098 Maharashtra, India

 

 

DIRECTORS

 

Name :

Mr. Laurent William Gabriel Marcel

Designation :

Additional Director

Address :

Flat No. 701, 7TH FLR, Wilomono Building Pali Hill, Bandra Mumbai -400050 Maharashtra India 

Date of Birth/Age :

06.03.1972

Date of Appointment :

14.05.2012

Din No.:

05265708

 

 

Name :

Mr. Kollangudraman Ramachandran Sundar

Designation :

Whole Time Director

Address :

No. 125, Ramakrishnappa Road COX town Bangalore- 560005 Karnataka India 

Date of Birth/Age :

12.02.1969

Date of Appointment :

16.04.2012

Din No.:

05217770

 

 

Name :

Mr. Magdalena BROSETA SOLANO

Designation :

Additional Director

Address :

65 Rue Saint Dominique Paris 75007

Date of Birth/Age :

22.07.1977

Date of Appointment :

21.07.2011

Din No.:

03553705

 

 

Name :

Mr. Sudip Dasgupta

Designation :

Additional Director

Address :

AC-1/803, Amber Court – I Essel Towers, M.G. Road Gurgaon Haryana -122022 India 

Date of Birth/Age :

09.06.1964

Date of Appointment :

01.06.2011

Din No.:

00195465

 

 

KEY EXECUTIVES

 

Name :

Mr. Jatindra

Designation :

Accounts Executive

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 10.05.2011

 

Names of Shareholders

 

No. of Shares

Karam Daulet Singh

 

9990

Gaurav Janesh Desai

 

10

Total

 

10000

 

 

 

 

As on 11.01.2012

Names of Allottees

 

No. of Shares

Danone S.A Foreigh Body Corporate

 

3204088

 

 

 

Total

 

3204088

 

As on 10.06.2012

 

Names of Allottees

 

No. of Shares

Danone Asia Pacific Holdings Pte Limited

 

5320000

 

 

 

Total

 

5320000

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Food  Products.

 

 

 

 

GENERAL INFORMATION

 

 

 

No. of Employees :

Information denied by management

 

 

Bankers :

Not Divulged

 

 

Facilities :

-

 

 

 

Banking Relations :

--

 

 

Auditors :

Not Divulged

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

20000000

Equity Shares

Rs.10/- each

Rs.200.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

8534088

Equity Shares

Rs.10/- each

Rs.85.340 Millions

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

NEW COMPANY

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Check List by Info Agents

Available in Report [Yes/No]

Year of Establishment

Yes

Locality of the Firm

Yes

Constitution of the firm

Yes

Premises details

Yes

Type of Business

Yes

Line of Business

Yes

Promoters background

Yes

No. of Employees

Yes

Name of Person Contacted

Yes

Designation of contact person

Yes

Turnover of firm for last three years

No

Profitability for last three years

No

Reasons for variation <> 20%

-

Estimation for coming financial year

No

Capital the business

Yes

Details of sister concerns

No

Major Suppliers

No

Major Customers

No

Payment Terms

No

Export / Import Details [If Applicable]

No

Market Information

-

Litigations that the firm / promoter involved in

-

Banking Details

No

Banking Facility Details

No

Conduct of the banking account

-

Buyer visit details

-

Financials, if provided

No

Incorporation details, if applicable

No

Last accounts filed at ROC

No

Major Shareholders, if applicable

No

Date of Birth of Proprietor/Partner/Director, if available

Yes

PAN of Proprietor/Partner/Director, if available

No

Voter ID No of Proprietor/Partner/Director, if available

No

External Agency Rating, if available

No

 

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No 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.53.58

UK Pound

1

Rs.86.60

Euro

1

Rs.68.94

 

 

INFORMATION DETAILS

 

 

Information Gathered by :

PJA

 

 

Report Prepared by :

BYI

 

 

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

-

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.