1. Summary Information
|
Country |
|
||
|
Company Name |
PEPSICO INDIA
HOLDINGS PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajiv Wakhle |
|
Status |
Moderate |
Principal Name 2 |
Mr. Meghnad Mitra |
|
Registration # |
05-033754 |
||
|
Street Address |
B-3, DLF
Corporate Park, ‘S’ Block, Qutab Enclave, Phase III, Gurgaon-122 002, Haryana |
||
|
Established Date |
28.01.1994 |
SIC Code |
-- |
|
Telephone# |
91-124-2880699/ 2355880
/ 2355863 / 2355871 / 6355880
/ 863 |
Business Style 1 |
Manufacturing of
Package Bottles, Snack Foods, Fruit Products, Mineral Water, Potato Product,
Milk Malted Foods, Beverage and Aerated Water |
|
Fax # |
91-124-2355853 /
2355861 / 2355862 / 6355862 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Aerated Water |
|
|
# of employees |
1000 (Approximately) |
Product Name 2 |
Potato Chips Fried |
|
Paid up capital |
Rs.12791.434 Millions |
Product Name 3 |
Namkeens |
|
Shareholders |
Foreign holdings (100.00 %) |
Banking |
Bank of America Deutsche Bank |
|
Public Limited Corp. |
-- |
Business Period |
19 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
B |
|
Related
Company |
|||
|
Relation
- Associates |
Country
|
Company
Name |
Pearl Drinks Private Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
10,767,975,000 |
Current Liabilities |
8,623,461,000 |
|
Inventories |
5,078,288,000 |
Long-term Liabilities |
10,459,551,000 |
|
Fixed Assets |
15,742,367,000 |
Other Liabilities |
000 |
|
Deferred Assets |
000 |
Total Liabilities |
19,083,012,000 |
|
Invest& other Assets |
2,445,857,000 |
Retained Earnings |
6,428,626,000 |
|
|
|
Net Worth |
14,951,475,000 |
|
Total Assets |
34,034,487,000 |
Total Liab. & Equity |
34,034,487,000 |
|
Total Assets (Previous Year) |
30,569,129,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
40,151,260,000 |
Net Profit |
(5,608,000) |
|
Sales(Previous yr) |
32,613,056,000 |
Net Profit(Prev.yr) |
635,435,000 |
MIRA INFORM REPORT
|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PEPSICO INDIA HOLDINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-3, DLF Corporate Park, ‘S’ Block, Qutab Enclave, Phase III,
Gurgaon-122 002, Haryana |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.01.1994 |
|
|
|
|
Com. Reg. No.: |
05-033754 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12791.434 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15549HR1994PTC033754 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP10965D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP1272G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of
Package Bottles, Snack Foods, Fruit Products, Mineral Water, Potato Product,
Milk Malted Foods, Beverage and Aerated Water. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 59800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Pepsico Group. Latest financials are not available. From the previous year financial
it seems that the company has recorded huge accumulated losses. However, trade relations are reported as
fair. Business is active. Payments terms are unknown. In view of strong holding the company can be considered normal for
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office / Factory 1: |
B-3, DLF Corporate Park, ‘S’ Block Qutab Enclave, Phase III, Gurgaon –
122 002, |
|
Tel. No.: |
91-124-2880699/ 2355880 / 2355863 / 2355871 / 6355880 / 863 |
|
Fax No.: |
91-124-2355853 / 2355861 / 2355862 / 6355862 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
LGF-54, World Trade Centre, Barakhamba Road, New Delhi – 110001, India |
|
Tel. No.: |
91-11-23323021 |
|
Fax No.: |
91-11-51522541 |
|
Location : |
Commercial |
|
|
|
|
Factory 2 : |
Frito Lay Divison, Village Channo, Post Office
Bhawanigarh, District. Sangrur, Patiala - 148026, Punjab , India |
|
Tel. No.: |
91-1672-468118 |
|
|
|
|
Branch Office 2 : |
Located at : ·
·
Phillaur ·
Sangrur ·
Gurgaon
·
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Rajiv Wakhle |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
402, Lopis Lazuli, 5th Lane, South Main Road, Koregaon
Park, Pune – 411001, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.09.1958 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.11.2008 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00265039 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Meghnad Mitra |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
121A Hamilton Court, DLF City Phase- IV, Gurgaon – 122002, Haryana,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.05.1964 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2010 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01802612 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kanish Malik |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Apartment No. 1702, World Spa, Sector 30, Gurgaon – 122001, Haryana,
India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.01.1966 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.08.2011 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03612432 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Praveen Someshwar |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
610-B, Beverly
Park – I, M |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.01.1967 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.11.2008 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01802656 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kaushik Gunakar Mitra |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No.402, Tower-3, Belmonte Golf Course Road, Gurgaon – 122002,
Haryana, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.12.1971 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2012 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
05279295 |
||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vinod Kaushal |
|
Designation : |
Secretary |
|
Address : |
D-115, Ridgewood Estate, DLF City, Phase IV, Gurgaon – 122002,
Haryana, India |
|
Date of Birth/Age : |
19.12.1971 |
|
Date of Appointment : |
07.03.2011 |
|
PAN No.: |
AADPK5427C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pepsico Panimex Inc., Mauritius |
|
3692172586 |
|
Beaman Bottling Company, Dover |
|
2813601 |
|
Jyoti Sagar Associates |
|
26 |
|
Total |
|
3694986213 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of
Package Bottles, Snack Foods, Fruit Products, Mineral Water, Potato Product,
Milk Malted Foods, Beverage and Aerated Water. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Installed
Capacity* |
Actual
Production |
|
Aerated and non-aerated beverages |
000cases |
188,609 |
97,960 |
|
Potato chips |
Tonnes |
58,333 |
43,259 |
|
Namkeens |
Tonnes |
64,000 |
53,863 |
|
Biscuits |
Tonnes |
3,995 |
1,348 |
|
Other snacks |
Tonnes |
-- |
7,530 |
Note:
*Installed
capacities are computed based on a single shift basis. These are as certified
by the management, not verified by the auditors, it being a technical matter.
The above
installed capacity relates to the Company's own plants. Other than this,
products are also manufactured by third parties from raw material supplied by
the Company.
GENERAL INFORMATION
|
No. of Employees : |
1000 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered
Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower, B, DLF Cyber City,
Gurgaon- 122002, Haryana, India |
|
Tel. No.: |
91-124-2549191 |
|
Fax No.: |
91-124-2549101 |
|
PAN.: |
AAAFB9852F |
|
|
|
|
Ultimate holding
Company : |
PepsiCo Inc. (Trademark owner) |
|
|
|
|
Holding company : |
PepsiCo Panimex Inc. |
|
|
|
|
Fellow Subsidiaries : |
CIN
No.: U15549CH1989PTC009333 |
|
|
|
|
Subsidiaries : |
CIN
No.: U15134DL2005PTC142295
CIN
No.: U15549DL2003PTC122304
CIN
No.: U15549DL2003PTC122303
CIN
No.:U74899DL2005PTC142296
CIN
No.: U51109WB1988PTC043863
CIN
No.:U74300GJ1984PTC006714
CIN
No.: U15435HR1997PTC033752
CIN
No.: U15541HR1997PTC033751
|
|
|
|
|
Associates : |
CIN
No.: U15532DL1982PLC014664
CIN
No.: U15541DL1988PTC170355
CIN
No.: U74899DL1995PLC069839
CIN
No.: U15549DL1996PLC079678
CIN
No.: U15541OR1967PTC000499
CIN
No.: U15540MH1985PTC035591
CIN
No.: U51909DL2005PTC133382
CIN
No.: U15510MH1967PTC219869
|
|
|
|
|
Others : |
|
|
|
|
|
Joint Venture : |
Nourishco Beverages Limited |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000000 |
Equity Shares |
Rs.10/- each |
Rs.40000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3694986213 |
Equity Shares |
Rs.10/- each |
Rs.36949.862
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000000 |
Equity Shares |
Rs.10/- each |
Rs.25000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1279143444 |
Equity Shares |
Rs.10/- each |
Rs.12791.434 Millions |
|
|
|
|
|
Note:
Of the above
2,765,865 equity shares are held by Beaman Bottling Company and 1,276,377,579 equity
shares are held by PepsiCo Panimex Inc., Mauritius, the holding company. The
ultimate holding company is PepsiCo Inc., USA
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 |
12791.434 |
12716.105 |
11872.467 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
6428.626 |
6052.105 |
1834.309 |
|
|
4] (Accumulated Losses) |
(4268.585) |
(4262.977) |
(4898.412) |
|
|
NETWORTH |
14951.475 |
14505.233 |
8808.364 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
10459.551 |
8265.359 |
7753.752 |
|
|
TOTAL BORROWING |
10459.551 |
8265.359 |
7753.752 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25411.026 |
22770.592 |
16562.116 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15742.367 |
12411.473 |
9604.963 |
|
|
Capital work-in-progress |
1500.418 |
2410.579 |
1174.525 |
|
|
|
|
|
|
|
|
INVESTMENT |
945.439 |
2347.796 |
2347.796 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5078.288
|
4681.017 |
3315.311
|
|
|
Sundry Debtors |
1760.299
|
1709.122 |
2168.213
|
|
|
Cash & Bank Balances |
543.443
|
675.839 |
1075.551
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
8464.233
|
6333.303 |
5175.296
|
|
Total
Current Assets |
15846.263
|
13399.281 |
11734.371 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6565.184
|
5951.497 |
|
|
|
Other Current Liabilities |
1099.004
|
860.992 |
7353.500
|
|
|
Provisions |
959.273
|
986.048 |
946.039
|
|
Total
Current Liabilities |
8623.461
|
7798.537 |
8299.539
|
|
|
Net Current Assets |
7222.802
|
5600.744 |
3434.832
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
25411.026 |
22770.592 |
16562.116 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
40151.260 |
32613.056 |
27588.335 |
|
|
|
Other Income |
1405.612 |
995.402 |
311.270 |
|
|
|
TOTAL (A) |
41556.872 |
33608.458 |
27899.605 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Excise Duty |
5.431 |
5.407 |
|
|
|
|
Operating Expenditure |
16318.320 |
14040.904 |
25877.710 |
|
|
|
Other Expenses |
22765.042 |
17388.605 |
|
|
|
|
Prior Period Expenses |
0.000 |
28.450 |
|
|
|
|
Profit on Sale of Beverage Business for West Bengal Territory |
0.000 |
(283.755) |
|
|
|
|
TOTAL (B) |
39088.793 |
31179.611 |
25877.710 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2468.079 |
2428.847 |
2021.895 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
213.651 |
225.870 |
477.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2254.428 |
2202.977 |
1544.812 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2260.036 |
1558.670 |
1684.655 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(5.608) |
644.307 |
(139.843) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
8.872 |
(47.302) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(5.608) |
635.435 |
(187.145) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
230.923 |
248.769 |
247.880 |
|
|
|
Freight recoveries |
0.000 |
0.000 |
0.215 |
|
|
|
Other Earnings |
160.107 |
35.023 |
28.943 |
|
|
TOTAL EARNINGS |
391.030 |
283.792 |
277.038 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw and packing Materials |
|
1072.799 |
906.240 |
|
|
|
Spares Parts |
|
45.904 |
58.582 |
|
|
|
Capital Goods |
|
2898.294 |
966.880 |
|
|
TOTAL IMPORTS |
NA |
4016.997 |
1931.702 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.00 |
0.53 |
(0.16) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(0.01)
|
1.89 |
(0.67)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.01)
|
1.98 |
(0.51)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.02)
|
2.49 |
(0.66)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
(0.02)
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.70
|
0.56 |
0.88
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84
|
1.72 |
1.41
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 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 (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BUSINESS
During the year, the turnover of the Company was around Rs.40151.260 Millions. Overall, the company is reporting a loss for the year Rs.5.608 Millions as compared to a profit of Rs.635.435 Millions during the previous year.
SCHEME OF
AMALGAMATION
The Board of Directors of your Company, in its meeting held on the following mentioned dates, has approved the Scheme of Amalgamation of the following subsidiaries with the Company:
S.NO. NAME OF THE ENTITY sDATE OF APPROVAL
1) Aradhana Snack Foods Company 9th December, 2010
2) Aradhana Soft Drinks Company 9th December, 2010
3) Panagarh Marketing Private Limited 9th December, 2010
4) Aradhana Advertising and Marketing Consultants Private Limited 9th December, 2010
5) Aradhana Convenience Foods Private Limited 11th February, 2011
Further, the Board of Directors of your Company approved the Scheme of Amalgamation with Pepsi Foods Private Limited on the 30th of May, 2011.
The appointed date as per all the schemes of Amalgamations is 1st April, 2010. The requisite approval from the Hon’ble High Court of the State of Punjab and Haryana at Chandigarh is awaited for all the above mentioned schemes.
The accumulated losses of Aradhana Foods and Juices Company, another subsidiary of your Company are more than the 50% net worth and hence it is declared as a sick industrial company within the meaning Clause (o) of sub section 1 of section 3 of the Sick Industrial Companies (Special Provisions) Act, 1985. Accordingly, a reference has been made to the Board for Industrial and Financial Reconstruction (BIFR) under section 15 of the Sick Industrial Companies (Special Provisions) Act, 1985.
CONTINGENT
LIABILITIES
Rs. In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
|
Claims against the company not acknowledged as debts |
|
|
|
- Excise matters |
264.373 |
351.442 |
|
- Sales tax matters |
1669.157 |
1018.041 |
|
- Income tax matters |
9.267 |
9.267 |
|
- others |
7.238 |
7.238 |
UNSECURED LOAN
|
Particular |
As
on 31.03.2011 (Rs.
in Millions) |
As
on 31.03.2010 (Rs.
in Millions) |
|
Rupee term loans
banks unsecured (A) |
3492.678 |
2627.339 |
|
Other external
commercial borrowings unsecured |
4513.725 |
3177.383 |
|
Deferred sales
tax loan unsecured (B) |
149.529 |
157.018 |
|
Other debt
unsecured |
2303.619 |
2303.619 |
|
Total |
10459.551 |
8265.359 |
|
Notes: (A) Includes:
Short term loans and advances - bank overdraft- 4678 - from banks- 3.488
Millions (B) Deferred
sales tax payable under the Tamilnadu General Sales Tax Act, 1957 |
||
Fixed Assets
·
·
·
Buildings
·
Leasehold
Improvements
·
Plant
and Machinery
·
Furniture
and Fixtures
·
Vehicles
·
Computers
·
Bottles
and Cases
·
ERP
Software
·
Goodwill
AS PER WEBSITE
PROFILE
Subject is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Their main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo’s people are united by their unique commitment to sustainable growth by investing in a healthier future for people and their planet, which they believe also means a more successful future for PepsiCo. They call this commitment Performance with Purpose: PepsiCo’s promise to provide a wide range of foods and beverages for local tastes; to find innovative ways to minimize their impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for their associates; and to respect, support and invest in the local communities where they operate. For more information, please
PepsiCo India Region:
Leadership through Performance with Purpose
Subject entered India in 1989 and in a short period, has grown into one of the largest and fastest growing food and beverage businesses in the country. PepsiCo India’s growth has been guided by PepsiCo’s global vision of “Performance with Purpose”. This means that while businesses maximize shareholder value, they have a responsibility to all the stakeholders, including the communities in which they operate, the consumers they serve and the environment whose resources they use.
One of the largest food and beverage businesses in India: Subject India’s diverse portfolio includes iconic brands like Pepsi, Lay’s, Kurkure, Tropicana 100%, Gatorade, Quaker and young, but immensely popular and fast growing brands, such as Nimbooz and Aliva. PepsiCo India has not only grown to become one of the country’s largest food and beverage businesses but has also become a powerful and consistent driver of PepsiCo’s global growth.
A growing portfolio of enjoyable and wholesome snacks and beverages Subject portfolio reflects its commitment to nourish consumers with a diverse range of fun and healthier products. The portfolio includes several healthier treats like Quaker Oats, Tropicana juices, multigrain Aliva range which is baked, rehydrator Gatorade, Tata Water plus, Lay’s baked range and Lehar Iron Chusti fortified extruded snack with superior quality iron and B-vitamins.
Model partnership with over 24,000 farmers: Subject has pioneered and established a model of partnership with farmers and now works with over 24,000 happy farmers across nine states. More than 45 percent of these are small and marginal farmers with a land holding of one acre or less. PepsiCo provides 360-degree support to the farmer through assured buy back of their produce at pre-agreed prices, quality seeds, extension services, disease control packages, bank loans, weather insurance, and the latest technological practices.
Global leader in water conservation: In 2009, Subject India achieved a significant milestone, by becoming the first business to achieve ‘Positive Water Balance’ in the beverage world, a fact verified by Deloitte Touché Tohmatsu India Private Limited and has been Water Positive since then. The company made this possible through innovative irrigation practices like direct seeding, water recharging, and by reducing the consumption of water in its manufacturing facilities. Subject is lauded for its efforts for water conservation.
Care for the environment: Subject is focused on reducing its carbon footprint. Nearly 30 percent of its energy is today generated from renewable sources such as rice husk boilers and wind turbines. Initiatives such as reduction of use of chemicals, eco-friendly packaging initiatives and efficient waste management help reduce load on the environment. PepsiCo India’s award-winning Waste to Wealth recycling program reaches 465,000 families.
Exemplary employment practices: Subject India presently employs 6,400 people and provides indirect employment to almost 2,00,000 people. The company believes in providing employment and growth opportunities to local talent. Its ‘College of Leadership’, ensures early identification of talent, and employees’ focused development through critical experiences. The company emphasizes “Winning with Diversity and Inclusion” and has a significant number of women in the leadership team in India. PepsiCo India has won the prestigious Hellen Keller Award from the National Centre for Promotion of Employment for Disabled People (NCPEDP).
PRESS RELEASES
PEPSICO INDIA’S
EFFORTS RESULT IN 20 FOLD INCREASE IN LAND UNDER DIRECT SEEDING OF RICE IN
PUNJAB
- DSR acres have gone up from 500 acres in 2008 to 10,500 acres in 2012
- PepsiCo team felicitates farmers for their efforts in adopting and promoting DSR
Barnala, July 17, 2012: PepsiCo India today announced that the area under the water saving, Direct Seeding methodology of rice cultivation has crossed the 10,000 acre mark this year. Crossing this high acreages mark also translates into a 20-fold increase in area under DSR as compared to 2008 acreage. At the event, PepsiCo felicitated farmers for their achievements and continued efforts towards water saving.
PepsiCo India has been leading this pioneering initiative in Punjab to replace transplanting of paddy with direct seeding methodology; which has helped reduce water consumption in paddy cultivation by 30-percent and has also cut down green house gas emissions by 75-percent, while keeping the yields and quality at par. The results have been vetted by leading research institutes like the Indian Agriculture Research Institute (IARI) and the International Rice Research Institute (IRRI).
The technique not only helps save water but results in reduction of cultivation costs of Rs. 1,500 per acre and 50% labour. PepsiCo also supports the farmers who adopt this methodology with free access to direct seeding machines, technical support and extension services.
Commenting on this initiative, Jaideep Bhatia, Vice-President – Agronomy, PepsiCo India, said, “The real champions responsible for the successful implementation of the DSR initiative are our farmer friends. Their consistent efforts and dedication have brought about the many-fold success that we are witnessing today. Hence we are here today to celebrate with them and honour them for their efforts. At PepsiCo, we hope to continue our endeavour of being a farmer’s friend and help transform the practice of agriculture in the country.”
In India over 80% of water is consumed in agriculture and of this about 50% is used in cultivation of paddy alone. India’s water efficiency in paddy cultivation is as low as at 4 KL / Kg as compared to the International average of 3 KL / Kg. Punjab is a water scarce state and water table is constantly going down in the state. Paddy which is a major crop in the state consumes more than 50% of water consumed in agriculture. Traditionally, paddy is grown by planting seeds in a small nursery and manually transplanting the paddy saplings after about four weeks to the main cultivation area. The saplings are then allowed to grow and the fields are kept under about 3 to 4 inches of water, mainly to reduce the growth of weeds. This “flood irrigation” method results in high consumption of water. However, the ‘Direct Seeding’ methodology, that sows the seeds directly in the fields, has shown a substantial reduction in water consumption and also in the production cost.
Direct Seeding Methodology: a success story
PepsiCo India carried out trials in their own R and D farms in Jallowal in 2004 using direct manual seeding of paddy rather than transplantation of paddy saplings.
In 2005, PepsiCo India carried out trials with more paddy varieties. The irrigation frequency for direct seeding was reconfirmed to be lower by about 30% and the production costs decreased by over Rs 1,000 per acre. The output in direct seeding was found to be marginally higher due to better seeding density. Local farmers, who visited PepsiCo’s R and D farm where the trials were held, were shown the crops before harvesting and the advantages of direct seeding was shared with them.
In 2006, PepsiCo India developed a Direct Seeding Machine for paddy which can sow the seeds uniformly at a specified gap and at a uniform depth. Using this seeder, direct seeding was carried out in the fields of 12-farmers, covering about 20-acres. In these trials, PepsiCo also studied the advantage of sowing the seeds, followed by herbicide treatment and thereafter irrigation. Pre-treatment with an herbicide helped reduce de-weeding labour from five times to two times in direct seeding compared to flood irrigation. In 2007, the land covered under direct seeding was 150 acres and was increased to 500 acres
in 2008 in Punjab. 2012 now marks a 20 fold increase to 10,500 acres in Punjab only. Presently, the company has brought over 13,000 acres of land under direct seeding in India.
About PepsiCo India:
PepsiCo entered India in 1989 and has grown to become one of the largest food and beverage businesses in India. With an investment of over $1 billion, PepsiCo India has built an expansive beverage and snack food business supported by 38 beverage bottling plants and 3 food plants. PepsiCo India’s extensive portfolio includes iconic brands like Pepsi, Lay’s, Kurkure, Tropicana 100%, Gatorade, Quaker, and fast growing brands i.e. Nimbooz and Aliva.
PepsiCo India is driven by its global commitment to sustainable growth, Performance with Purpose, which works on four planks of replenishing water, partnering with farmers, waste to wealth and healthy kids. In 2009, PepsiCo India achieved a significant milestone, by becoming the first business to achieve ‘Positive Water Balance’ in the beverage world, a fact verified by Deloitte Touché Tohmatsu India Private Limited. The company has been Water Positive since then
QUAKER OATS LAUNCHES
FLAVOURED OATS WITH REAL FRUITS AND VEGETABLES
World’s No.1 Oats brand now adds sweet and savoury flavours to its portfolio
Hyderabad, June 29, 2012: Quaker Oats, the world leader and India’s No.1 Oats brand from PepsiCo now has an all new range of flavours. Adding taste to its unique health benefits, the new flavours lend greater variety and appeal to the Quaker Oats portfolio. WhileStrawberry flavour with Apple and Kesar flavour with Kishmish are sweet, Homestyle Masala and Lemony Veggie Mix are the two new savoury flavours.
With the launch of the new range of flavours, Quaker Oat’s original goodness of wholegrain nutrition now gets the added benefit of great taste. What’s more, with its real fruit and vegetable inclusions this healthy and great tasting bowl of breakfast from Quaker Oats comes at just INR10/-* and promises to appeal to consumers across age groups.
Anuj Chadha, Category Director Quaker, PepsiCo India-Foods said, “We are committed to offer consumers variety that is both enjoyable and healthy. We believe that these great tasting flavours which have real vegetables and fruits will help drive consumption and bring in more customers into the Quaker fold. The flavours priced at Rs.10/-* have been developed after extensive feedback and are part of our strategy to come up with offerings that are affordable and meet changing consumer needs.”
All the four new flavours have healthy inclusions of real fruits and vegetables, topped in local Indian flavours. While the Strawberry flavour with Apple has real apple pieces, the Kesar flavour with Kishmish has real raisins. The Homestyle Masala includes strips of carrot and tomato while the Lemony Veggie Mix has real pieces of capsicum. TheHomestyle Masala and Lemony Veggie Mix come in single serve packs of 28g and Kesar Flavour with Kishmish and Strawberry flavor with Applein single serve packs of 26g.
The packs are currently available in modern retail outlets across India and in both modern, traditional trade across the four Southern States of Karnataka, Andhra Pradesh, Tamil Nadu and Kerala.
About 100% Quaker Oats
Quaker Oats was launched in India in 2006. The brand Quaker is more than 130 years old and is a world leader in the oatmeal segment. Quaker Oats is a 100% wholegrain and natural source of carbohydrates and dietary fibre. It has strong heart health benefits and has a soluble fibre called Beta Glucan, which is scientifically proven to help reduce cholesterol. As per US FDA, there was significant scientific agreement that the 3g of soluble fibre daily from oats, in a diet low in saturated fat and cholesterol, may help reduce the risk of heart disease. For more information
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 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 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.54.33 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.69.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
--- |
|
|
|
|
Report Prepared
by : |
NLM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.