MIRA
INFORM REPORT
|
Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
CARLSBERG INDIA PRIVATE LIMITED (w.e.f. 23.02.2009) |
|
|
|
|
Formerly Known
As : |
SOUTH ASIA BREWERIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Rectangle No.1, Commercial Complex, D4, Saket,
New Delhi-110017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
03.05.2006 |
|
|
|
|
Com. Reg. No.: |
55-148579 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 716.489 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15111DL2006PTC145879 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing and sale of
alcoholic beer |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 12130000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appear huge accumulated losses recorded by the company due to
continuous loss incurred by the company from its operations. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 BY
Management non co-operative
LOCATIONS
|
Registered Office : |
4th Floor, Rectangle No.1, Commercial Complex, D4, Saket,
New Delhi-110017, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
5th Floor, Paras Twin Towers, Tower B, Sector-54, Gurgaon-122002,
Haryana, India |
|
Tel. No.: |
91-124-4554444 |
|
Fax No.: |
91-124-4554499 |
DIRECTORS
AS ON 29.06.2012
|
Name : |
Mr. Soren Gronnegard Lauridsen |
|
Designation : |
Managing Director |
|
Address : |
Ban Koknin Unit-4, Sisathanark, District Vientiang Laos-881 |
|
Date of Birth/Age : |
14.04.1964 |
|
Date of Appointment : |
01.02.2010 |
|
DIN No.: |
02953837 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15111DL2006PTC148579 |
CARLSBERG
INDIA PRIVATE LIMITED |
Managing
director |
29-06-10 |
01-02-10 |
- |
Active |
NO |
|
2 |
U15531WB2005PLC104895 |
PARAG
BREWERIES LIMITED |
Managing
director |
28-06-12 |
03-09-10 |
- |
Active |
NO |
|
3 |
U15511HR1993PLC034802 |
KOOL
BREWERIES LIMITED |
Additional
director |
25-09-12 |
25-09-12 |
18-05-13 |
Active |
NO |
|
Name : |
Mr. Zubair Ahmed |
|
Designation : |
Director |
|
Address : |
A 24/5, DLF, Phase-1, Gurgaon-122002, Haryana, India |
|
Date of Birth/Age : |
16.05.1953 |
|
Date of Appointment : |
28.10.2008 |
|
DIN No.: |
00182990 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
L24231PB1958PLC002257 |
GLAXOSMITHKLINE
CONSUMER HEALTHCARE LIMITED |
Managing
director |
01-06-13 |
01-01-07 |
Active |
NO |
|
2 |
U15111DL2006PTC148579 |
CARLSBERG
INDIA PRIVATE LIMITED |
Director |
30-09-09 |
28-10-08 |
Active |
NO |
|
3 |
U45400DL1990PLC042200 |
RAHEJA
DEVELOPERS LIMITED |
Director |
20-08-09 |
20-08-09 |
Active |
NO |
|
Name : |
Ms. Deepa Agar Hingorani |
|
Designation : |
Director |
|
Address : |
L-7, Lajpat Nagar-III, New Delhi-110024, India |
|
Date of Birth/Age : |
29.09.1970 |
|
Date of Appointment : |
01.02.2007 |
|
Date of Cessation : |
21.08.2012 |
|
DIN No.: |
00206310 |
|
|
|
|
Name : |
Mr. Surender Kumar Atri |
|
Designation : |
Director |
|
Address : |
6/17, Shanti Niketan, New Delhi-110021, India |
|
Date of Birth/Age : |
03.09.1949 |
|
Date of Appointment : |
15.03.2007 |
|
DIN No.: |
01459310 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15111DL2006PTC148579 |
CARLSBERG
INDIA PRIVATE LIMITED |
Director |
01-11-07 |
15-03-07 |
Active |
NO |
|
Name : |
Mr. Soren Hansen |
|
Designation : |
Director |
|
Address : |
Vardegade 17, 3th 2100, Copenhagen, Denmark-2100 |
|
Date of Birth/Age : |
18.01.1966 |
|
Date of Appointment : |
18.03.2009 |
|
DIN No.: |
01835563 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15531WB2005PLC104895 |
PARAG
BREWERIES LIMITED |
Director |
28-06-12 |
10-10-07 |
Active |
NO |
|
2 |
U15111DL2006PTC148579 |
CARLSBERG
INDIA PRIVATE LIMITED |
Director |
30-09-09 |
18-03-09 |
Active |
NO |
|
Name : |
Mr. Graham James Fewkes |
|
Designation : |
Director |
|
Address : |
35/2, East Claremont Street, Edinburgh EH74HT, United Kingdom |
|
Date of Birth/Age : |
16.02.1968 |
|
Date of Appointment : |
28.10.2008 |
|
DIN No.: |
02401730 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15111DL2006PTC148579 |
CARLSBERG
INDIA PRIVATE LIMITED |
Director |
30-09-09 |
28-10-08 |
Active |
NO |
|
Name : |
Mr. Krishna Selvanathan |
|
Designation : |
Director |
|
Address : |
12, Queens Terrace, Colombo, Sri Lanka-03 |
|
Date of Birth/Age : |
30.06.1983 |
|
Date of Appointment : |
23.08.2011 |
|
DIN No.: |
02805668 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15111DL2006PTC148579 |
CARLSBERG
INDIA PRIVATE LIMITED |
Director |
29-06-12 |
21-09-09 |
Active |
NO |
|
Name : |
Mr. Roy Bagattini Enzo |
|
Designation : |
Director |
|
Address : |
Flat –C 31, Sea Horse Lande, Beach Village, Discovery Bay, Lantau,
Island, Hong Kong |
|
Date of Birth/Age : |
16.05.1963 |
|
Date of Appointment : |
04.12.2009 |
|
DIN No.: |
02882201 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15111DL2006PTC148579 |
CARLSBERG
INDIA PRIVATE LIMITED |
Director |
29-06-10 |
04-12-09 |
Active |
NO |
|
Name : |
Mr. Ravi Kant Handa |
|
Designation : |
Whole Time Director |
|
Address : |
801, E-Tower, Uniworld City, Sector-30, Gurgaon-122001, Haryana, India
|
|
Date of Birth/Age : |
14.05.1969 |
|
Date of Appointment : |
15.02.2011 |
|
DIN No.: |
03423607 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15111DL2006PTC148579 |
CARLSBERG
INDIA PRIVATE LIMITED |
Whole-time
director |
29-06-11 |
15-02-11 |
- |
Active |
NO |
|
2 |
U15511HR1993PLC034802 |
KOOL
BREWERIES LIMITED |
Additional
director |
25-09-12 |
25-09-12 |
18-05-13 |
Active |
NO |
|
3 |
U15531WB2005PLC104895 |
PARAG
BREWERIES LIMITED |
Additional
director |
26-11-12 |
26-11-12 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Roopali Singh |
|
Designation : |
Secretary |
|
Address : |
G-40, Sector-39, Noida-201303, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.06.1978 |
|
Date of Appointment : |
16.05.2012 |
|
PAN No.: |
AORPS0844K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.06.2012
|
Names of Equity Shareholders |
No. of Shares |
|
South Asian Breweries Pte Limited, Singapore |
48756073 |
|
Carlsberg Asia Pte Limited, Singapore |
1 |
|
TOTAL
|
48756074 |
|
Names of Preference Shareholders |
No. of Shares |
|
South Asian Breweries Pte Limited, Singapore |
24511333 |
|
TOTAL
|
24511333 |
AS ON 05.03.2013
|
Names of Equity Shareholders (Allottees) |
No. of Shares |
|
South Asian Breweries Pte Limited, Singapore |
11099 |
|
TOTAL
|
11099 |
AS ON 07.05.2013
|
Names of Equity Shareholders (Allottees) |
No. of Shares |
|
South Asian Breweries Pte Limited, Singapore |
1310875 |
|
TOTAL
|
1310875 |
AS ON 29.06.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
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 : |
Subject is engaged in the business of manufacturing and sale of
alcoholic beer |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.12.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity* |
Actual
Production |
|
|
|
|
|
|
|
Beer |
HL |
1700000 |
1670000 |
874.971 |
* Certified by the
management being a technical matter. The licensed and installed capacities have
been given with reference to assets owned by the Company as at the year end.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
BNP Paribas, East Tower (Sood Tower), 8th Floor, 25,
Barakhamba Road, New Delhi-110001, India
|
|
|
|
|
Auditors : |
|
|
Name : |
Kaushal Kishore Chartered Accountant |
|
Address : |
Building No. 10,
8th Floor Tower No. B, DLF Cyber City, Phase-Ii, Gurgaon-122002, Haryana,
India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Holding Company : |
·
South Asian Breweries Pte. Limited, Singapore |
|
|
|
|
Ultimate Holding Company : |
·
Carlsberg A/S, Denmark |
|
|
|
|
Subsidiaries : |
·
Parag Breweries Limited, India |
|
|
|
|
Fellow Subsidiaries : |
·
Carlsberg Brewery Malaysia Berhad, Selangor Darul
Ehsan, Malaysia ·
Carlsberg Breweries A/S, Denmark ·
Gorkha Brewery Private Limited, Nepal ·
The Lion Brewery Ceylon, Biyagama, Srilanka ·
Slodownia Strzengom Sp Z.O.O., Poland ·
Carlsberg Singapore Pte Limited, Singapore ·
Carlsberg South Asia Pte Limited, Singapore ·
Carlsberg Brewery Hong Kong Limited, Hong Kong,
China ·
Carlsberg Group Procurement AG., Rheinfelden ·
Carlsberg Procurement (Shenzhen) Company Limited ·
Carlsberg Srbija d.o.o., Serbia |
CAPITAL STRUCTURE
AFTER 29.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
52500000 |
Equity Shares |
Rs.10/- each |
Rs. 525.000 Millions |
|
25000000 |
Preference Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
TOTAL |
|
Rs. 775.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48756074 |
Equity Shares |
Rs.10/- each |
Rs. 487.561
Millions |
|
24511333 |
Preference Shares |
Rs.10/- each |
Rs. 245.113 Millions |
|
|
TOTAL |
|
Rs. 732.674 Millions |
AS ON 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
52500000 |
Equity Shares |
Rs.10/- each |
Rs. 525.000 Millions |
|
25000000 |
Preference Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
TOTAL |
|
Rs. 775.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47137569 |
Equity Shares |
Rs.10/- each |
Rs. 471.376
Millions |
|
24511333 |
Preference Shares |
Rs.10/- each |
Rs. 245.113 Millions |
|
|
TOTAL |
|
Rs. 716.489 Millions |
AS ON 29.06.2012
Authorised Capital : Rs. 833.800
Millions
Issued, Subscribed & Paid-up Capital : Rs. 777.554 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
716.489 |
655.068 |
618.288 |
|
|
2] Share Application Money |
466.709 |
34.210 |
271.793 |
|
|
3] Reserves & Surplus |
6772.697 |
3087.463 |
1635.298 |
|
|
4] (Accumulated Losses) |
(4922.519) |
(3022.274) |
(1849.220) |
|
|
NETWORTH |
3033.376 |
754.467 |
676.159 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2694.440 |
2785.000 |
1562.272 |
|
|
2] Unsecured Loans |
180.000 |
580.192 |
825.870 |
|
|
TOTAL BORROWING |
2874.440 |
3365.192 |
2388.142 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5907.816 |
4119.659 |
3064.301 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3669.539 |
3299.950 |
2112.644 |
|
|
Capital work-in-progress |
936.224 |
225.806 |
184.812 |
|
|
|
|
|
|
|
|
INVESTMENT |
616.176 |
273.176 |
273.176 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
428.609
|
314.901 |
193.968 |
|
|
Sundry Debtors |
991.081
|
615.713 |
439.401 |
|
|
Cash & Bank Balances |
72.559
|
32.002 |
19.717 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
430.229
|
340.636 |
263.895 |
|
Total
Current Assets |
1922.478
|
1303.252 |
916.981 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1061.249
|
844.694 |
327.034 |
|
|
Other Current Liabilities |
99.238
|
114.242 |
57.459 |
|
|
Provisions |
76.114
|
23.589 |
38.819 |
|
Total
Current Liabilities |
1236.601
|
982.525 |
423.312 |
|
|
Net Current Assets |
685.877
|
320.727 |
493.669 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5907.816 |
4119.659 |
3064.301 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2788.512 |
1809.209 |
964.499 |
|
|
|
Other Income |
133.438 |
157.093 |
15.410 |
|
|
|
TOTAL |
2921.950 |
1966.302 |
979.909 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
4562.055 |
2968.715 |
1642.708 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(1640.105) |
(1002.413) |
(662.799) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
260.140 |
170.641 |
127.893 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX |
(1900.245) |
(1173.054) |
(790.692) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(1900.245) |
(1173.054) |
(790.692) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Goods |
67.866 |
0.000 |
0.000 |
|
|
|
Export of Raw Material |
0.000 |
3.026 |
0.000 |
|
|
TOTAL EARNINGS |
67.866 |
3.026 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
96.692 |
59.138 |
90.309 |
|
|
|
Stores & Spares |
8.005 |
2.521 |
0.495 |
|
|
|
Capital Goods |
78.975 |
192.727 |
0.972 |
|
|
TOTAL IMPORTS |
183.672 |
254.386 |
91.776 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(43.49) |
(30.11) |
(21.82) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
(65.03)
|
(59.66)
|
(80.69) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(68.15)
|
(64.84) |
(81.98) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(33.98)
|
(25.48) |
(26.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.63)
|
(1.55) |
(1.17) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.95
|
4.46 |
3.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55
|
1.33 |
2.17 |
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 |
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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
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 |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.12.2011 |
Rs.
In Millions 31.12.2010 |
|
Rupee term loans
unsecured |
|
|
|
Rupee term loans banks unsecured |
180.000 |
320.000 |
|
Other external commercial borrowings unsecured |
0.000 |
260.192 |
|
|
|
|
|
TOTAL |
180.000 |
580.192 |
NOTE
Registered office has been shifted from Regus, 4th Floor, Rectangle No.1, Behind Marriot Hotel, Commercial Complex, D4, Saket, New Delhi-110017, India to the present address w.e.f. 01.09.2010
BACKGROUND
Subject is engaged
in the business of manufacturing and sale of alcoholic beer. The name of the
Company was changed from South Asia Breweries Private Limited to Carlsberg
India Private Limited with effect from 23 February 2009. The Company was
incorporated in 2006 and has already established three breweries which are
operational. The Company is in the process of establishing another brewery. The
operations of the Company are spread across various parts of the country.
FINANCIAL PERFORMANCE
The turnover of
the company for the year ended 31st December, 2011 increased by
54.12% over the previous year from Rs. 1809 million to Rs. 2788 million. The
company, however reports loss for the period, mainly due to increase in
Personnel cost, investments in brand and interest expenses on capital
investments in creating manufacturing capacities in line with their long term
business objective to become the leading player in Indian beer market across
all segments by offering premium international quality products to the Indian
consumers.
MANAGEMENT REVIEW
AND ANALYSIS
OPERATIONAL PERFORMANCE
During the year 2011,
the Company has increased the installed capacity of all of its breweries to
meet the increased market demand. The Company has also come up with various
other expansions like increase in Warehouse capacity, introduction of new
packaging Lines and Can Lines. With these expansions, the Directors are
confident of gaining sizeable share in the Market and strengthen the position
of the Company in India.
During the year,
the Company has commenced various Strategic initiatives to improve costs,
“Prodex” for improving cost of production, cost of transportation and
warehousing, Demand Planning and Inventory Replenishment, Supply Planning and
Label Registration under the “ Logex”, Efficient Bottle Procurement and
Collection System under the domain “ BottleEx”. The Directors are hopeful that
sustained effort in these areas would provide Long term benefits to the
Company.
The Carlsberg India became the “No. 3”
Player in the Indian market in short span of 5 years. The Company has
attained more than 8 % Market Share in 15 States.
In April 2011, the
Carlsberg Group has globally re-launched its flagship brand “Carlsberg” with
new positioning to globally unleash the brand’s full potential.
Further during the
year the Company launched Carlsberg Elephant, a super premium strong beer and
Pioneered in creating super premium segment in strong category. During the said
period, the Company has also launched Palone 8 in strong beer segment.
The Portfolio of the Company’s Product now includes, Carlsberg,
Carlsberg Elephant, Tuborg, Tuborg Strong, Okocim Palone and Palone 8.
Considering the
growing potential of the Non alcoholic market in India, the Company has
recently introduced Non alcoholic Malt Beverage – Tuborg Zero in select Metro
cities.
With an aim to
standardise processes and practices across the Company, during the year the
Company took up the initiative to launch Standard Operating Procedures and
integrating the same with ERP Package. The said implementation was successfully
completed in the first quarter of 2011.
The Company earned the following prestigious Awards as under:
(a)
Hyderabad Brewery wins Ambrosia Award 2012 for
‘Excellence in Brewery Operations and Innovations’
(b)
Carlsberg Group’s Award for Best Business Plan
Excellence For 2012 and Asia Finance Excellence Award for Innovation – 2011 to
Finance Team led by Dheeraj Mishra- Director Finance
FORM 8
|
Corporate
identity number of the company |
U15111DL2006PTC148579 |
|
Name of the
company |
CARLSBERG INDIA
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
4th Floor, Rectangle No.1, Commercial Complex, D4, Saket, New Delhi-110017, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
10179712 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Others |
|
Particular of
charge holder |
BNP Paribas, East Tower (Sood Tower), 8th Floor, 25, Barakhamba
Road, New Delhi-110001, India |
|
Nature of
instrument creating charge |
Supplemental
Hypothecation Agreement dated 3rd June 2013 and Supplemental Memorandum of
Deposit of Title Deeds by way of Constructive Delivery dated 3rd June 2013. Modification in
Credit facilities from INR 2850.000 Millions to INR 2600.000 Millions |
|
Date of
instrument Creating the charge |
03.06.2013 |
|
Amount secured by
the charge |
Rs. 2600.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per Sanction
Letter dated 07.12.2012 Terms of repayment As per Sanction
Letter dated 07.12.2012 Margin As per Sanction
Letter dated 07.12.2012 Extent and operation of the charge As per Hypothecation
Agreement dated 25.09.2009 and Supplemental Hypothecation Agreement dated
14.03.2011 and 3rd June 2013 and Supplemental Memorandum of Deposit of Title
Deeds by way of Constructive Delivery dated 3rd June 2013 |
|
Short particulars
of the property charged (Including location of the property) |
Raw material,
Stock in process, Finished Goods lying at various Factories, Godowns,
Warehouses, Retail outlets etc both present and future Moveable fixed
assets including plant and machinery lying at Alwar plant situated at SP 1-4
and 5-8, MIA extension Alwar Moveable fixed
assets including plant and machinery lying at Aurangabad plant situated at
H-17/1/1, MIDC, Waluj, Aurangabad. All Book debts,
outstanding moneys, Receivables, Claims and Bill which are due and owing to
the Borrower in the course of its Business Leasehold Land
and All Plant and machinery’ attached to the earth or permanently fastened to
anything attached to the earth situated in Industrial Area Agro Food Park,
MIA extension, Alwar. Leasehold Land
and All Plant and machinery’ attached to the earth or permanently fastened to
anything attached to the earth situated in Waluj Industrial Area, Aurangabad. |
|
Date of
instrument modifying the charge |
12.09.2011 |
|
Particulars of
the present modification |
Modification in
total Credit facilities from INR 2850.000 Millions to INR 2600.000 Millions |
FIXED ASSETS
·
Freehold Land
·
Leasehold Land
·
Buildings
·
Leasehold Improvements
·
Furniture and Fixtures
·
Office Equipments
·
Computers
·
Plant and Machinery
·
Vehicles
·
Software
·
Brand
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. 59.71 |
|
|
1 |
Rs. 90.58 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.