MIRA
INFORM REPORT
|
Report Date : |
26.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCHREIBER DYNAMIX DAIRIES LIMITED (w.e.f. 03.11.2006) |
|
|
|
|
Formerly Known
As : |
DYNAMIX DAIRY INDUSTRIES LIMITED (w.e.f. 03.02.1994) CONWOOD FOOD INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
A-306/307, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.05.1992 |
|
|
|
|
Com. Reg. No.: |
11-066700 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.950.962 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1992PLC066700 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMD09903F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD3743J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and importer of value added dairy products. |
|
|
|
|
No. of Employees
: |
550 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 11000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well established company having a good track record.
General financial position is satisfactory. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
AA- (Long Term) |
|
Rating Explanation |
This rating are considered to have high degree of safety regarding
timely servicing of financial obligation. Such instruments carry very low
credit risk. |
|
Date |
08.06.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1+ (Short Term Rating) |
|
Rating Explanation |
This rating are considered to have strong degree of safety regarding
timely payment of financial obligation. Such instruments carry lowest credit
risk. |
|
Date |
08.06.2012 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Pravin Heta |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-67711900 |
|
Date : |
23.02.2013 |
LOCATIONS
|
Registered /Corporate Office : |
A-306/307, |
|
Tel. No.: |
91-22-67711900/ 903 / 28402304 |
|
Fax No.: |
91-22-67711910 |
|
E-Mail : |
praveen.heda@schreiberfoods.com
|
|
Website : |
|
|
Area : |
5000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
E-94, MIDC, |
|
Tel. No.: |
91-2112-243821/ 22/ 23/ 24 |
|
Fax No.: |
91-2112-243710/ 243707 |
|
Area : |
2 acre |
|
Location : |
Owned |
DIRECTORS
As on 17.08.2012
|
Name : |
Mr. Amitabha Ray |
|
Designation : |
Managing Director |
|
Address : |
82, Trishul, 3rd Cross Road Lokhandwala Complex, Andheri
(West), Mumbai – 400 058, |
|
Date of Birth/Age : |
23.08.1949 |
|
Date of Appointment : |
18.11.2005 |
|
Qualification : |
B.E.(Elect); PG in Control Engineering |
|
Pan No.: |
AABPR0328P |
|
DIN No.: |
00082806 |
|
|
|
|
Name : |
Mr. Pramod Krishnamoorary Goenka |
|
Designation : |
Director |
|
Address : |
Jakni Kutir, Vaibhav Society, |
|
Date of Birth/Age : |
31.12.1961 |
|
Date of Appointment : |
09.06.2001 |
|
Qualification : |
B.Com |
|
DIN No.: |
00029243 |
|
|
|
|
Name : |
Mr. Gobind Kaliandas Dryanani |
|
Designation : |
Director |
|
Address : |
Flat No. 24, 2nd Floor, |
|
Date of Birth/Age : |
13.08.1933 |
|
Date of Appointment : |
24.06.2005 |
|
Qualification : |
Matriculation |
|
DIN No.: |
00324867 |
|
|
|
|
Name : |
Mr. Craig Edward Newman |
|
Designation : |
Director |
|
Address : |
3071, Mercedes Drives., |
|
Date of Birth/Age : |
22.09.1967 |
|
Date of Appointment : |
25.09.2003 |
|
Qualification : |
Bachlor of Science in Business/Economics – Wisconsin(USA) |
|
DIN No.: |
01776419 |
|
|
|
|
Name : |
Helmut Felder |
|
Designation : |
Director |
|
Address : |
425, Pine Street, Green bay, WI, USA-54301 |
|
Date of Birth/Age : |
16.06.1957 |
|
Date of Appointment : |
14.01.2004 |
|
Qualification : |
Tax Advisor(Austria) and Cost Controller(Switzerland |
|
DIN No.: |
01776381 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
501 Kings Paartment, |
|
Date of Birth/Age : |
06.12.1936 |
|
Date of Appointment : |
11.05.1992 |
|
Qualification : |
B.Com |
|
Pan No.: |
AFLPG2767G |
|
DIN No.: |
00029591 |
|
|
|
|
Name : |
Harley Tipton Skidmore |
|
Designation : |
Director |
|
Address : |
1894, Cady Lane, |
|
Date of Birth/Age : |
09.02.1958 |
|
Date of Appointment : |
13.03.2009 |
|
Qualification : |
Bachelor of Science – General Engineering, Masters of Science for Systems Management |
|
DIN No.: |
02585285 |
KEY EXECUTIVES
|
Name : |
Mr. Jay Prakash Sharma |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 302, Silver Tower, Thakur Complex, Kandivali (East), Mumbai –
400 101, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1976 |
|
Date of Appointment : |
02.05.2012 |
|
PAN No.: |
BKAPS2421Q |
|
|
|
|
Name : |
Mr. Pravin Heta |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 17.08.2012
SHAREHOLDINGS DETAILS FILES ATTACHED
As on 17.08.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
52.43 |
|
Directors or relatives of Directors |
46.42 |
|
Other |
1.15 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and importer of value added dairy products. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Belgium ·
Germany ·
USA ·
African Country ·
Middle East |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
Thailand ·
China ·
Turkey ·
Spain |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Processed Cheese |
MT |
16307 |
3724 |
|
Casein MPC80 |
MT |
3200 |
1806 |
|
Lactose |
MT |
3200 |
2239 |
|
Powders |
MT |
21600 |
18160 |
|
Butter and Ghee |
MT |
11520 |
9881 |
|
UHT Milk / Fl Milk / Juice |
Ltr.’000 |
142356 |
71793 |
|
Natural / Mozzarella Cheese |
MT |
7200 |
6412 |
|
Dahi |
MT |
7920 |
3291 |
(a)Licensed
capacity of 15 lakh (Previous Year 15Lakh) litres per day approved by Ministry
of Food Processing Industries, Government of India
(b)The installed
capacity of butter is 4,800,000 kilograms (Previous Year 4,800,000)
(c)Installed
capacity has been determined on two/three shift basis, wherever applicable, and
on the basis of maximum handling capacity of milk by each production line, as
certified by the management of the company. The information being of a
technical nature has been relied upon by auditors.
(d)The above
information has been mentioned only for those class of goods, which are mainly
meant for sale. (e)Actual Production includes:-
i) Qu antities
Produced by third parties under contract with company.
ii) Quantities of
Samples.
iii) Quantities
for Captive Consumption.
GENERAL INFORMATION
|
Customers : |
Retailers |
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|
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|
No. of Employees : |
550 (Approximately) |
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|
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|
Bankers : |
·
State Bank of India, Mumbai, Maharashtra, India ·
Yes Bank Limited, 9th Floor, Nehru Centre,
Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India Tel.
No.: 91-22-66699000 |
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|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Rabo India Finance Limited, Forbes Building ; IInd Floor, Mumbai, Maharashtra, India |
|
|
|
|
Auditors 1 : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
6th Floor, |
|
PAN.: |
AAACE2442D |
|
|
|
|
Auditors 2 : |
|
|
Name : |
S.R.B.C and Company Chartered Accountants |
|
Address : |
22 Camac, Street Block, C, 3 Road, Floor |
|
PAN.: |
ABSFS4151K |
|
|
|
|
Holding Company : |
Schreiber International Inc |
|
|
|
|
Ultimate Holding
company : |
Schreiber Foods Inc |
|
|
|
|
Fellow Subsidiary
Company : |
GBM Green Bay Machinery Company Inc |
|
|
|
|
Associate : |
· Consort Hotels Private Limited CIN No.: U55200MH1983PTC031709 · Conwood construction and Developers Private Limited CIN No.: U70100MH1979PTC020933 · Crystal Granite and Marble Private Limited CIN No.: U51900MH1984PTC033987 · D B Hospitality Private Limited CIN No.: U70100MH2004PTC149602 · Devashree Foods Private Limited CIN No.: U51900MH1982PTC027524 · Dynamix Developers Private Limited CIN No.: U55101MH2006PTC165933 · Sahyadri Agro And Dairy Limited CIN No.: U01110PN1994PLC132478 · Priya Constructions Private Limited CIN No.: U45200MH1986PTC039169 · Span Construction Company Private Limited CIN No.: U45202MH1982PTC027927 · D B Realty Limited CIN No.: L70200MH2007PLC166818 · Conwood D B joint venture · ECC DB joint venture · Eon Aviation Private Limited · Eversmile Construction Company Private Limited · K G Enterprises · Suraksha DB Reality Private Limited · Turf Estate Joint venture · Uppar Govind Nagar Welfare Associa · Upvan Developers · Y J Reality Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95096200 |
Equity Shares |
Rs.10/- each |
Rs.950.962 Millions |
|
|
|
|
|
Disclosure of
shareholding more than five per cent in company
|
Name of shareholder |
Number of shares held in company |
Percentage of shareholding in company |
|
Schreiber International Inc, USA |
4,84,99,062 |
51.00% |
|
Gobind KDaryanani/ Rajni G Daryanani |
1,18,11,788 |
12.00% |
|
Ram K Daryanani/ Sangeeta Daryanani |
83,79,830 |
8.80% |
|
Pramod K Goenka |
68,86,918 |
7.00% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
950.962 |
950.962 |
950.962 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1894.131 |
1549.719 |
1419.105 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2845.093 |
2500.681 |
2370.067 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
54.727 |
84.175 |
228.555 |
|
|
2] Unsecured Loans |
0.000 |
150.000 |
0.000 |
|
|
TOTAL BORROWING |
54.727 |
234.175 |
228.555 |
|
|
DEFERRED TAX LIABILITIES |
180.856 |
205.615 |
220.306 |
|
|
|
|
|
|
|
|
TOTAL |
3080.676 |
2940.471 |
2818.928 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1715.317 |
1868.794 |
1941.327 |
|
|
Capital work-in-progress |
45.666 |
53.614 |
28.524 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.820 |
0.820 |
0.820 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1656.401
|
1254.705
|
1069.098
|
|
|
Sundry Debtors |
456.183
|
450.604
|
444.677
|
|
|
Cash & Bank Balances |
234.774
|
57.324
|
126.955
|
|
|
Other Current Assets |
14.852
|
14.257
|
26.773
|
|
|
Loans & Advances |
104.309
|
156.185
|
177.859
|
|
Total
Current Assets |
2466.519
|
1933.075
|
1845.362
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
694.001
|
539.943
|
694.076
|
|
|
Other Current Liabilities |
320.945
|
266.353
|
214.673
|
|
|
Provisions |
132.700
|
109.536
|
88.356
|
|
Total
Current Liabilities |
1147.646
|
915.832
|
997.105
|
|
|
Net Current Assets |
1318.873
|
1017.243
|
848.257
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3080.676 |
2940.471 |
2818.928 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
10373.343 |
|
|
|
Other Income |
|
|
15.307 |
|
|
|
TOTAL (A) |
|
|
10388.650 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
|
8280.335 |
|
|
|
Purchases of stock-in-trade |
|
|
164.561 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
|
|
(404.005) |
|
|
|
Employee benefit expense |
|
|
406.981 |
|
|
|
Other expenses |
|
|
1189.842 |
|
|
|
TOTAL (B) |
|
|
9637.714 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
750.936 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
5.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
745.881 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
234.253 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
511.628 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
167.214 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
|
|
344.414 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
1157.999 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
|
1502.413 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports on FOB basis |
|
|
214.233 |
|
|
TOTAL EARNINGS |
|
|
214.233 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
486.752 |
|
|
|
Stores, Spares parts, Components, Packing Material |
|
|
35.508 |
|
|
TOTAL IMPORTS |
|
|
522.260 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
|
|
3.62 |
|
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
9378.103 |
7505.550 |
|
|
|
Other Income |
|
119.074 |
91.851 |
|
|
|
TOTAL |
|
9497.177 |
7597.401 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
|
7780.288 |
6095.094 |
|
|
|
Manufacturing service costs |
|
691.083 |
578.166 |
|
|
|
Employee related expenses |
|
356.342 |
297.649 |
|
|
|
Administrative selling other expenses |
|
225.889 |
139.949 |
|
|
|
TOTAL |
|
9053.602 |
7110.858 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
443.575 |
486.543 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
23.905 |
9.939 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
419.670 |
476.604 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
223.207 |
162.943 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
196.463 |
313.661 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
65.848 |
96.569 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
130.615 |
217.092 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
1027.387 |
810.295 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
1158.002 |
1027.387 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports on FOB basis |
|
1447.871 |
775.917 |
|
|
TOTAL EARNINGS |
|
1447.871 |
775.917 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
372.147 |
271.048 |
|
|
|
Components, spare parts and packaging material |
|
78.334 |
109.908 |
|
|
|
Capital goods |
|
0.000 |
287.289 |
|
|
TOTAL IMPORTS |
|
450.481 |
668.245 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
1.37 |
2.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.32
|
1.38
|
2.86
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.93
|
2.09
|
4.18
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.41
|
5.17
|
8.28
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.08
|
0.13
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02
|
0.09
|
0.10
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15
|
2.11
|
1.85
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS DETAILS:
Rs. In Millions
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
|
|
|
|
Micro, Small and Medium Enterprise and
others |
|
6.193 |
15.089 |
|
Others |
|
533.750
|
678.987 |
|
Total |
694.001
|
539.943
|
694.076
|
|
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 |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from
Conwood House, Yashodhama K Vaidya Marg, Goregaon (East), Mumbai, Maharashtra,
India to present
address w.e.f. 25.09.2006
FINANCIAL RESULTS
The year was a landmark year for the Company as it delivered record financial and operating performance amidst challenging and volatile market conditions.
During the year, the Company has scaled new heights and set several new benchmarks in terms of turnover, EBIDTA and profits, Turnover for the year was Rs.10373.343 Millions as against Rs.9362.935 Millions in the previous year, reflecting growth of 10.80%, EBIDTA for the year was Rs. 750.936 Millions as against Rs. 439.131 Millions in the previous year, resulting in a growth of 71 % and Profit after tax, for the year was Rs.344.414 Millions as against Rs.130.612 Millions in the previous year, resulting in a growth of 163 %.
During the year, the other financial indicator also show remarkable performance, the earning per share (EPS) has increased from Rs. 1.37 to Rs. 3.62 per share.
However there was significant inflation in prices of raw material, packing materials and other key inputs laid tremendous pressure on the margins of the business.
PERFORMANCE AND
PROSPECTS
During the year the performance of the Company has been satisfactory. The domestic market has shown a positive trend. The increase in the price of milk, ban on export of various dairy products and decline of export incentives has adversely affected the performance of the Company. This has, to a large extent, been compensated through increased realization from sale of all dairy products in the domestic market.
The Company is focused on long term, sustainable and profitable growth which has over the years built relationship, trust and confidence with consumers and suppliers.
The Company is poised to take the rightful position, as one of the leading players, in the Indian Dairy Industry.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Rupee term loans banks unsecured |
0.000 |
150.000 |
|
Total |
0.000 |
150.000 |
|
|
|
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U99999MH1992PLC066700 |
|
Name of the
company |
SCHREIBER DYNAMIX
DAIRIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Book debts · Floating charge ·
Others (current assets , both present and
future) |
|
Particular of
charge holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation. Sanction Letter
dated 15.06.2012. |
|
Date of
instrument Creating the charge |
15.06.2012 |
|
Amount secured by
the charge |
Rs.200.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest WCDL-10.70% as
per sanctioned letter dated 15.06.2012. Terms of Repayment As per sanctioned
letter dated 15.06.2012. Margin 25 % as per
sanctioned letter dated 15.06.2012. Extent and Operation of the charge Hypothecation
charge on entire current asset of the Company (excluding stocks and
receivable assigned to Pepsico India Holding Private Limited) rank pari passu
with State Bank of In |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The entire current assets of the Company including stocks of raw material, semi finished and finished goods, stores and spares, bills receivables and book debts and all other receivable and movables both present and future whether lying or stored in or about or shall hereinafter from time to time during of the security of these presents be brought into or upon or be stored or be in or about of factories, premises and godowns situate anywhere and as the same may be or be held by any party to the order or disposition of the company or in the course of transit or on high seas or on order or delivery, howsoever or wheresoever in the possession and control of the Company either by way of substitution or addition (excluding stocks and receivable assigned to Pepsico India Holding Private Limited) |
FIXED ASSETS
·
Free
·
· Buildings
· Furniture and Fixtures
· Vehicles
· Plant and Machinery
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 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.54.04 |
|
|
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.71.41 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
59 |
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.