MIRA
INFORM REPORT
|
Report Date : |
28.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
COCA COLA INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
BRITCO FOODS COMPANY LIMITED |
|
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|
Registered
Office : |
Plot No. 1109 - 1110, Village Pirangut, Taluka - Mulshi, Pune –
412108, Maharashtra |
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|
Country : |
India |
|
|
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|
Financials (as
on) : |
31.03.2011 |
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|
Date of
Incorporation : |
20.02.1992 |
|
|
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Com. Reg. No.: |
11-065522 |
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|
Capital
Investment / Paid-up Capital : |
Rs.1996.972 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15549PN1992FTC065522 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC10744G |
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PAN No.: [Permanent Account No.] |
AAACB8573C |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of Soft Drinks. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 15600000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary “Coca-Cola South Asia (India) Holdings
Limited”, Hong Kong. It is a well established and reputed company having good track record.
The latest financials are not made available with the government department. As per previous year’s, the financial position of the company appears
to be strong. Performance capability seems to be high. Liquidity position is
good. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for normal 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 |
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 DECLINED
Management Non Co-operative (91-124-67555000)
LOCATIONS
|
Registered Office : |
Plot No. 1109 - 1110, Village Pirangut, Taluka - Mulshi, Pune –
412108, Maharashtra, India |
|
Tel. No.: |
91-20-2902200/ 2922081 |
|
Fax No.: |
91-20-2902274/ 2922084 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 24.09.2012
|
Name : |
Mr. Asim Bhupatrai Parekh |
|
Designation : |
Whole Time Director |
|
Address : |
520A, HamiltonCourt, Phase-4, Gurgaon – 122002, Hayarna, India |
|
Date of Birth/Age : |
27.08.1964 |
|
Date of Appointment : |
01.07.2012 |
|
DIN No.: |
00056125 |
|
|
|
|
Name : |
Mr. Atul Singh |
|
Designation : |
Director |
|
Address : |
Farm No.3, Ashoka Avenue, Westend Green, Rajokri, New Delhi – 110038,
India |
|
Date of Birth/Age : |
05.01.1960 |
|
Date of Appointment : |
16.08.2005 |
|
DIN No.: |
00060943 |
|
|
|
|
Name : |
Mr. Devdas Baliga |
|
Designation : |
Whole Time Director |
|
Address : |
A-164, First Floor, Inder Puri, New Delhi – 110012, India |
|
Date of Birth/Age : |
01.03.1971 |
|
Date of Appointment : |
24.09.2012 |
|
DIN No.: |
02770788 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 1002, 10th Floor, Tower B-4, The World SPA, Sector
31, Gurgaon, Hayarna, India |
|
Date of Birth/Age : |
02.11.1965 |
|
Date of Appointment : |
01.07.2012 |
|
DIN No.: |
02873046 |
KEY EXECUTIVES
|
Name : |
Mr. Ullal Narendra Kini |
|
Designation : |
Secretary |
|
Address : |
Flat No. D-501, The Residency, Ardee City-2, Sector 52, Gurgaon –
122002, Hayarna, India |
|
Date of Birth/Age : |
15.04.1965 |
|
Date of Appointment : |
01.07.2008 |
|
PAN No.: |
AAAPU8311Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Coca – Cola South Asia (India) Holdings Limited, Hong Kong |
|
199697222 |
|
Coca – Cola South Asia (India) Holdings Limited, Hong Kong jointly
with Jamshed Behram Dadachanji |
|
1 |
|
Coca – Cola South Asia (India) Holdings Limited, Hong Kong jointly
with Ravinder Narain |
|
1 |
|
|
|
|
|
Total |
|
199697224 |
Equity Share Break up (Percentage of Total Equity)
As on: 24.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Soft Drinks. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
C - 401, 4th Floor, Panchshil Tech Park, Near Don Bosco School, Yerwada, Pune – 411006, Maharashtra, India |
|
PAN No.: |
AALFS0506L |
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|
|
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Holding Company : |
Coca-Cola South Asia (India) Holdings Limited, Hong Kong |
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|
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Ultimate Holding
Company : |
The Coca-Cola Company, USA |
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|
|
|
Subsidiary Company : |
Coca-Cola India Foundation CIN No.: U11200DL2008NPL183363 |
|
|
|
|
Fellow Subsidiaries
: |
· Hindustan Coca-Cola Beverages Private Limited, India CIN No.: U74899DL1997PTC085151 · Hindustan Coca-Cola Marketing Company Private Limited, India · Coca-Cola Ruislip, United Kingdom · Atlantic Industries, Ireland · Coca-Cola India Inc. · The Coca-Cola Export Corporation Limited, Philippines · Wave side (Pty) Limited, South Africa · Al Ahlia Gulf Lines General Trading Company Private Limited, Dubai · Coca-Cola East and Central Africa Limited (Kenya) · Coca-Cola China Beverages Limited, China · Coca-Cola Beverages, Shanghai · International Auditors Incorporated · Coca-Cola MIDI S.A.S. · Coca-Cola Canners of SA Pty Limited |
|
|
·
|
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
440000000 |
Equity Shares |
Rs.10/- each |
Rs.4400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
199697224 |
Equity Shares |
Rs.10/- each |
Rs.1996.972 Millions |
|
|
|
|
|
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 |
1996.972 |
1996.972 |
1996.972 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1915.957 |
1142.993 |
4126.774 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3912.929 |
3139.965 |
6123.746 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
59.470 |
53.941 |
52.277 |
|
|
|
|
|
|
|
|
TOTAL |
3972.399 |
3193.906 |
6176.023 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2345.892 |
1889.959 |
1250.063 |
|
|
Capital work-in-progress |
168.741 |
21.721 |
139.807 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.500 |
0.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
484.261
|
374.761 |
338.139 |
|
|
Sundry Debtors |
1657.118
|
4982.866 |
5098.672 |
|
|
Cash & Bank Balances |
351.140
|
712.651 |
96.331 |
|
|
Other Current Assets |
30.264
|
30.358 |
30.270 |
|
|
Loans & Advances |
1910.665
|
1819.600 |
1880.696 |
|
Total
Current Assets |
4433.448
|
7920.236 |
7444.108 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1878.635
|
1804.737 |
1342.183 |
|
|
Other Current Liabilities |
145.927
|
156.669 |
47.393 |
|
|
Provisions |
951.620
|
4677.104 |
1268.879 |
|
Total
Current Liabilities |
2976.182
|
6638.510 |
2658.455 |
|
|
Net Current Assets |
1457.266
|
1281.726 |
4785.653 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3972.399 |
3193.906 |
6176.023 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11082.500 |
10059.080 |
7321.440 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2609.995 |
2575.170 |
2193.280 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
905.530 |
901.660 |
864.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1704.420 |
1673.510 |
1328.390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Sales |
65.511 |
80.230 |
59.426 |
|
|
|
Services provided |
60.096 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
125.607 |
80.230 |
59.426 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Others |
238.907 |
188.809 |
251.830 |
|
|
|
Capital Goods |
39.713 |
64.813 |
73.198 |
|
|
TOTAL IMPORTS |
278.620 |
253.622 |
325.028 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.54 |
8.38 |
6.65 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
23.55 |
25.60 |
29.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
38.50 |
26.25 |
25.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.67 |
0.82 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.19 |
2.80 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Creditors due small micro enterprises |
--
|
--
|
--
|
|
Creditors due others |
1878.635
|
1804.737 |
1342.183 |
|
|
|
|
|
|
Total
|
1878.635
|
1804.737 |
1342.183 |
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
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 |
OPERATIONS
The Company achieved net sales of Rs. 11082.500 millions for the financial year ended March 31, 2011 as compared to Rs. 10059.080 millions for the previous financial year, an increase of 10.17%. Standard units sold at 1458857 units, recorded an increase of 9.73% (previous year 1329554 units. After providing Rs. 0.170 million towards finance cost (previous year Rs. 0.160 million) and Rs. 301.960 millions towards depreciation (previous year Rs. 234.570 millions), your Company has reported a net profit of Rs. 1704.420 millions (previous year Rs. 1673. 510 millions).
CONTINGENT
LIABILITIES NOT PROVIDED FOR
(Rs. In Millions)
|
Particular |
31.03.2011 |
31.03.2010 |
|
(i) Show cause/ demand/ notices by Income Tax authorities for the Assessment Years 1999-2000 to 2005-2006 disputed by the Company. |
1362.645 |
2942.893 |
|
(ii) Show cause/ demand/ notices by Sales Tax authorities in respect of Assessment Years 2002-2003 to 2007-2008 disputed by the Company. |
12.078 |
10.355 |
|
(iii) Other claims against the Company not acknowledged as debts. |
83.009 |
89.059 |
|
(iv) Outstanding Bank Guarantees |
1.643 |
1.730 |
Notes:
Based on favorable decisions in similar cases, legal opinion taken by the Company, discussions with the solicitors, etc, the Company believes that there is fair chance of decisions in it’s favour in respect of all the items listed in (i) to (iii) above and hence no provision is considered necessary against the same.
Contingent Liability of Rs.1362.645 Millions (Previous year Rs.2942.893 Millions) represents disputed Income Tax demands pertaining to various Assessment Years in respect of which the Company is in appeal and expects to succeed, based on decision in earlier assessment years.
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Computer Equipments
· Furniture and Fixtures
· Vehicles
AS PER WEBSITE DETAILS:
Press Release
SALMAN KHAN’S BEING HUMAN AND THUMS UP TO WORK FOR A CAUSE
October 8th, 2012
The Ek Tha Tiger actor and Bigg Boss 6 host has been signed on as Thums
Up brand ambassador again, after endorsing Mountain Dew for a while
Coca-Cola India Private Limited has announced
its endorsement agreement with megastar Salman Khan again for its brand Thums
Up. The Ek Tha Tiger actor had been seen campaigning for the cola brand earlier
too. But he had switched loyalties to PepsiCo’s Mountain Dew for a while.
Coca-Cola has also signed an agreement with the Salman’s Being Human Foundation
to jointly promote, conceive and execute charitable and social activities. The
partnership takes forward the vision of both the organisations ensuring the
sustainability of communities and their welfare.
Salman, who is riding high on back-to-back
hits, says he is looking forward to the partnership with Thums Up, “a soft
drink that I have grown up with”. “I am also excited at the association between
Being Human and Coca-Cola India, where the two organisations will work together
on community welfare projects,” he said in a statement.
Atul Singh, President and CEO, Coca-Cola India
and South West Asia, compared Salman’s popularity with the drink and said,
“Salman’s appeal cuts across age groups and socio-economic strata, just like
Thums Up. The brand’s core values of masculinity, adventure, thrill and
excitement will further be amplified by Salman’s association and will help us
take the brand to the next level.”
As the brand ambassador, Salman will be
associated with a range of consumer activation and marketing programmes for the
brand. On the community front, Salman and Being Human will work with the
company in promoting career development centres, school education and other
programmes jointly conceived by the two parties.
Coca-Cola India and Superior Drinks Private Limited Organize an
Plantation Drive with Students in Nagpur on the occasion of World Environment
Day
Coca-Cola India and Superior Drinks Private Limited celebrated the World
Environment Day with the students of St. Xavier's High School
June 12, 2012 /India PRwire/ --
Coca-Cola India and Superior Drinks Private Limited celebrated the World
Environment Day with the students of St. Xavier's High School by organizing a
'Plantation Drive' around the plant. The initiative was undertaken to create
awareness about the importance of environment preservation among students. The
event was attended by Mr. Rajesh Dhote, Manager, Quality Assurance, Superior
Drinks Private Limited and all the plant employees.
Speaking on the occasion, Mr. Rajesh Dhote,
Manager, Quality Assurance, Superior Drinks Private Limited said," We are
happy to celebrate the World Environment Day by organizing this plantation
drive with young students. The participation of children in this plantation
drive is a great idea to make them cautious and sensitive towards the need for
environment protection. We would like to thank Coca-Cola India for this
collaborative effort towards environment sustainability."
As a part of the World Environment Day Celebrations,
several other initiatives were undertaken by Coca-Cola India and Superior
Drinks Private Limited. A Cleanliness drive was organized in and around Plant
for environment protection by employees and housekeeping and a movie was
screened for the children on the importance of environment conservation which
was a great way for them to learn about some environment upkeep guidelines.
The fortnight long celebrations of World
Environment Day across the business Units continues with several projects and
awareness programs being conducted to generate awareness about Environment
Conservation. These programs are being conducted in partnership with local
NGO's, community leaders, associates of bottling units and other important
stakeholders.
COCA-COLA PLANS $2 BN INVESTMENT IN INDIA
Monday, November 14 2011. 11 17 PM IST
New Delhi: Coca-Cola India Private Limited and
its bottlers plan to invest $2 billion (around Rs.100000.000 Millions) over the
next five years, their biggest since the world’s largest beverage company
re-entered the country in 1993.
“The Indian market has passed a certain
threshold and investment will only get bigger. Only top-tier countries in the
world attract such investment,” Ahmet C. Bozer, president of the Eurasia and
Africa group of the Coca-Cola Co., told reporters at the India headquarters in
Gurgaon.
Bozer heads 90 emerging markets under six
business units including Turkey; the Middle East and North Africa; Russia,
Ukraine and Belarus; India and South-West Asia; Central, East and West Africa,
and South Africa.
The money, which will come from the company
and its bottlers, will be used for expanding manufacturing assets in the
country, laying new lines and updating old ones.
The investments will go into building the
supply chain, transportation, brand building and marketing, said Atul Singh,
president and CEO, Coca-Cola India and South West Asia.
“We have a retail outlet base of 1.5 million,
we need to double this,” Singh said. The company has invested $2 billion in the
country in the last 18 years, he said. The money will be a mix of local and
foreign direct investment (FDI).
“The money will be invested by Coca-Cola India
as well as its bottlers,” he said, declining to give the percentage share for
each. Currently, Coca-Cola India has 13 franchise bottlers and one company
owned bottling operation.
Bozer expects the region’s demographics to
favour growth.
“There will be migration to urban centres and
50% of the new middle class will happen in Eurasia and Africa. However, 90% of this
will come from India and sub-Saharan Africa,” he said. “The real activity will
happen here. India will be the determining factor in the success of Eurasia and
Africa.”
According to Bozer, 16% of Coca-Cola’s total
revenue comes from Eurasia and Africa. “Of this, 13% comes from India alone.”
Worldwide, the company and its bottlers plan to invest $30 billion over the
next five years.
India is expected to rank among Coca-Cola’s
top five markets by the end of the decade.
“We have seen 21 consecutive quarters of
growth with 15 of them being in double digits,” Bozer said.
In the July-September quarter, “the company
saw 19% growth,” Singh said, without giving revenue figures. Elaborating on the
potential for the company in the country, Singh said that the annual per capita
consumption of Coca-Cola beverages in India is 11, which is one-third that in
China.
THUMS UP BRINGS THE 'TOOFAN' TO YOUR TOWN!
Visit the Thums Up Jalsa, Experience the Thunder and win a chance to
meet Superstar Salman Khan
·
A unique consumer
engagement initiative by Thums Up inviting consumers to a thrilling action
packed show & an opportunity to win a chance to meet Superstar Salman Khan.
·
2 Lucky winners
participating in the ThumsUpJalsa from the entire state of Karnatakacan win a
chance to meet Salman Khan through a lucky draw.
·
Entry tickets for the
action packed event are being made available at retail outlets on purchase of a
bottle of Thums Up.
·
One of a kind consumer
engagement initiative to run across more than 400 centers across India from
12th February till end of April, 2013.
·
Special initiative
designed to connect and engage with over 3.2 million consumers across the
country.
Bangalore, 19th February, 2013: Get ready to
experience the thunder yet again as Thums Up Toofani Jalsa is back to set your
adrenalin pumping with a host of enthralling performances and action packed
games. The exciting initiative which has beena roaring success in previous
years, is back this year with bigger, better acts. Consumers will not only be
entertained at the Thums Up TOOFANI Jalsa but they also stand a chance to
participate in an exclusive meet and greet with Salman Khan.
According to Anupama Ahluwalia, VP –
Marketing, Coca-Cola India, "Thums Up has always been associated with
action, attitude and adventure - a positioning that has made it India's largest
sparkling beverage brand. This year our campaign revolves around unleashing the
"Toofan" in each one of us. Through the Thums Up Jalsa initiative, we
aim to connect and engage with our consumers by giving them the opportunity to
participate in some great action games and uncover their true potential. Thums
Up TOOFANI Jalsa is one of our largest consumer connect initiative for Rural
India and the response and encouragement that it has got from the consumers
over the years has guided us in making this event larger, better and more
entertaining with every passing year."
Jalsa 2013 will be rolled out across 27 cities
in Karnataka reaching out to thousands of consumers through action games and
captivating performances by local and International artists. The one-of-a-kind
consumer engagement initiative is being rolled out from 12th February till 14th
March, 2013. As part of the 'Thums Up TOOFANI Jalsa' initiative, consumers who
purchase a bottle of Thums Up, obtain entry tickets to the show.
This year the ThumsUpToofaniJalsa is back with
a bang, apart from entertaining the consumers it will also give them an
opportunity to meet superstar Salman Khan. Each consumer that participates in
the action games can fill an entry coupon with their details and submit it in a
lucky draw. 2 lucky winners from each state will be chosen to interact with
their favorite star at a meet and greet event which will be organized later in
the year.
Talking about the initiative, Thums Up brand
ambassador, Salman Khan said, "I have always believed in living life on my
own terms, and doing something Toofani; and these attributes are what strongly connect
me with my favouriteThums Up.Through this exciting and engaging initiative, I
look forward to meeting the real 'ToofaniStars' across the country; and
celebrating the spirit of adventure".
About Coca-Cola India
Coca-Cola in India refreshes millions of
consumers throughout the country with an exciting range of beverages including
Coca-Cola, Diet Coke, Thums Up, Fanta, Limca, Sprite, Maaza, Minute Maid Pulpy
Orange, Minute Maid Nimbu Fresh, Minute Maid Mixed Fruit, Minute Maid 100 %
juice (Minute Maid Apple, Minute Maid Orange, Minute Maid Grape), Georgia,
Georgia Gold, Kinley, Kinley Club Soda, Burn and Nestea through a network of
more than one and a half million outlets. The Coca-Cola India system has
invested more than US$ 2 billion in its Indian operations and provides direct
employment to more than 25,000 people.
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 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.53.84 |
|
|
1 |
Rs.81.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
54 |
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.