|
Report Date : |
29.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
YUM! RESTAURANTS (INDIA) PRIVATE LIMITED (w.e.f. 2002) |
|
|
|
|
Formerly Known
As : |
TRICON RESTAURANTS ( INDIA ) PRIVATE LIMITED (w.e.f. 1997) PEPSI RESTAURANTS ( INDIA) PRIVATE LIMITED (w.e.f. 1995) KFC INDIA HOLDING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
258, Satyam Tower, Opposite Jwalaheri Market, Paschim Vihar, New Delhi
– 110063, Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.03.1994 |
|
|
|
|
Com. Reg. No.: |
55-057894 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2543.988
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PTC057894 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELYOO521D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACY1883E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is
primarily engaged in the business of developing and managing quick service
restaurant brands – KFC, Pizza Hut and Taco Bell through a mix of own stores
and franchisees. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a part of Yum! Restaurants Internationals USA. It is an
established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2013. As per available financial of 2012, there appears some accumulated
losses which seems to be decreasing over year. However, YUM’s rating reflect its strong operating cash flow,
extensive exposure to faster growing emerging markets, and scale with nearly
38,000 system-wide units. Further capital base of the company seems to be
strong and healthy. Directors are reported to be experienced and respectable business men.
Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International Finance
Corporation expects to come out with its rupee linked bonds issue before the
end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs
41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched
in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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
|
Name : |
Ms. Sini Abraham |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-124-4025100 |
|
Date : |
28.11.2013 |
LOCATIONS
|
Registered Office : |
258, Satyam Tower, Opposite Jwalaheri Market, Paschim Vihar, New Delhi
– 110063, Delhi, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office/ Administrative office: |
12th Floor , Tower D Global |
|
Tel. No.: |
91-124 - 4025100 |
|
Fax No.: |
91-124 - 4060755 |
DIRECTORS
As on: 18.12.2012
|
Name : |
Mr. Vijayasukumar C. Veettil |
|
Designation : |
Director |
|
Address : |
Apartment A-106, Oakwood Estates DLF Phase- 2. Gurgaon – 122 002, |
|
Date of Birth/Age : |
28.03.1963 |
|
Date of Appointment : |
20.04.2009 |
|
DIN No.: |
00073869 |
|
|
|
|
Name : |
Mr. Niren Chaudhary |
|
Designation : |
Director |
|
Address : |
A-18, Block –A,
Nirman Vihar, Delhi, India |
|
Date of Birth/Age : |
13.01.1963 |
|
Date of Appointment : |
25.06.2007 |
|
DIN No.: |
01854964 |
|
|
|
|
Name : |
Mr. Ankush Tuli |
|
Designation : |
Director |
|
Address : |
H. No.: 302, Tower 12, The Close South Nirvana Country, Gurgaon –
122002, Haryana, India |
|
Date of Birth/Age : |
12.07.1975 |
|
Date of Appointment : |
20.03.2012 |
|
DIN No.: |
02146818 |
|
|
|
|
Name : |
Mr. Tarun Lal |
|
Designation : |
Director |
|
Address : |
A-3, 1202, World SPA, Sector 30 and 41, Gurgaon – 122001, Haryana,
India |
|
Date of Birth/Age : |
21.12.1968 |
|
Date of Appointment : |
01.09.2008 |
|
DIN No.: |
02336206 |
|
|
|
|
Name : |
Binoo Wadhwa |
|
Designation : |
Director |
|
Address : |
M-56, First
Floor, Block-M, Greater Kailash Hii, |
|
Date of Birth/Age : |
11.08.1959 |
|
Date of Appointment : |
20.04.2009 |
|
DIN No.: |
02604356 |
|
|
|
|
Name : |
Mr. Manoj W. Paraskar |
|
Designation : |
Director |
|
Address : |
1001-A3, World
SPA, Sector- 30, Gurgaon – 122 002, Haryana, India |
|
Date of Birth/Age : |
25.02.1966 |
|
Date of Appointment : |
20.04.2009 |
|
DIN No.: |
02615881 |
|
|
|
|
Name : |
Mr. Unnat Subhash Varma |
|
Designation : |
Director |
|
Address : |
M 14/31, DLF City Phase II, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
10.04.1970 |
|
Date of Appointment : |
20.03.2012 |
|
DIN No.: |
02862284 |
|
|
|
|
Name : |
Mr. Sandeep Kataria |
|
Designation : |
Director |
|
Address : |
Emaar Plam Spring, B702, Golf Course Road, Sector S3, Gurgaon –
121104, Haryana, India |
|
Date of Birth/Age : |
09.01.1970 |
|
Date of Appointment : |
20.03.2012 |
|
DIN No.: |
05183714 |
|
|
|
|
Name : |
Mr. Sanjiv Kumar Razdan |
|
Designation : |
Director |
|
Address : |
C-8D, DDA Flats, Munirka, New Delhi – 1100657, India |
|
Date of Birth/Age : |
21.10.1974 |
|
Date of Appointment : |
20.03.2012 |
|
DIN No.: |
05192150 |
|
|
|
|
Name : |
Ms. Sanchita Singh |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Rajiv Minocha |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Kumar Singh |
|
Designation : |
Company Secretary |
|
Address : |
WZ-72, Near Oriental Bank Of Commerce, Palam, |
|
Date of Appointment : |
31.07.2008 |
|
PAN No.: |
ASMPS4194H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 18.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Yumi Asia Franchisee Pte Limited, Singapore |
|
200697451 |
|
Yumi Restaurants China Holdings Limited, Hong Kong |
|
8 |
|
Total |
|
200697459 |
As on 20.06.2013
|
Names of Allotment |
|
No. of Shares
Allotted |
|
Yum! Asia Franchise PTE Limited, Singpore |
|
7532307 |
|
Total |
|
7532307 |
As on 14.08.2013
|
Names of Allotment |
|
No. of Shares
Allotted |
|
Yum! Asia Franchise PTE Limited, Singpore |
|
11928500 |
|
Total |
|
11928500 |
Equity Share Break up (Percentage of Total Equity)
As on: 18.12.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is
primarily engaged in the business of developing and managing quick service
restaurant brands – KFC, Pizza Hut and Taco Bell through a mix of own stores
and franchisees. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Citi Bank |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
4 B, DLF Corporate Park, |
|
Tel. No.: |
91-124-2549191 |
|
Fax No.: |
91-124-2549101 |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Ultimate Holding
Company : |
Yum! Brands Inc., USA |
|
|
|
|
Holding Company |
Yum! Asia Franchisee Pte Limited, Singapore |
|
|
|
|
Subsidiary company |
Yum! Restaurants Marketing Private Limited |
|
|
|
|
Fellow Subsidiaries |
· Yum! Restaurants Europe Limited, United Kingdom · Yum! Restaurants International Ltd., Dubai · KFC Holdings BV, Netherland · Yum! Restaurants International Inc, USA · Yum! Restaurants International Limited, Australia · Yum! Restaurants International Limited, Thailand · Kentucky Fried Chicken (Great Britain) Limited, United Kingdom · Yum! Restaurants International Ltd. Geneva · Pizza Hut UK Limited, United Kingdom |
CAPITAL STRUCTURE
After 18.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
260000000 |
Equity Shares |
Rs.10/- each |
Rs. 2600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
229685920 |
Equity Shares |
Rs.10/- each |
Rs. 2296.859 Millions |
|
|
|
|
|
As on 31. 03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
260000000 |
Equity Shares |
Rs.10/- each |
Rs. 2600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
254398805 |
Equity Shares |
Rs.10/- each |
Rs. 2543.988 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2543.988 |
2374.989 |
|
(b) Reserves & Surplus |
|
(572.998) |
(1085.162) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
175.011 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1970.990 |
1464.838 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
24.734 |
14.799 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
153.175 |
115.098 |
|
(d) long-term provisions |
|
19.011 |
5.866 |
|
Total Non-current Liabilities (3) |
|
196.920 |
135.763 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
311.103 |
339.282 |
|
(c) Other current
liabilities |
|
273.992 |
245.688 |
|
(d) Short-term provisions |
|
0.260 |
0.824 |
|
Total Current Liabilities (4) |
|
585.355 |
585.794 |
|
|
|
|
|
|
TOTAL |
|
2753.265 |
2186.395 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1520.957 |
1105.902 |
|
(ii) Intangible Assets |
|
38.494 |
13.270 |
|
(iii) Capital
work-in-progress |
|
89.610 |
67.230 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
745.523 |
556.191 |
|
(e) Other Non-current assets |
|
0.260 |
0.125 |
|
Total Non-Current Assets |
|
2394.944 |
1742.818 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
51.871 |
29.105 |
|
(c) Trade receivables |
|
89.401 |
57.997 |
|
(d) Cash and cash
equivalents |
|
107.529 |
314.377 |
|
(e) Short-term loans and
advances |
|
109.499 |
42.036 |
|
(f) Other current assets |
|
0.021 |
0.062 |
|
Total Current Assets |
|
358.321 |
443.577 |
|
|
|
|
|
|
TOTAL |
|
2753.265 |
2186.395 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2293.521 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(1139.523) |
|
|
NETWORTH |
|
|
1153.998 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
19.984 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
19.984 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1173.982 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
685.059 |
|
|
Capital work-in-progress |
|
|
80.535 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.099 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
17.605 |
|
|
Sundry Debtors |
|
|
68.568 |
|
|
Cash & Bank Balances |
|
|
210.854 |
|
|
Other Current Assets |
|
|
0.185 |
|
|
Loans & Advances |
|
|
495.844 |
|
Total
Current Assets |
|
|
793.056 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
|
124.300 |
|
|
Sunday Creditors |
|
|
255.388 |
|
|
Provisions |
|
|
5.079 |
|
Total
Current Liabilities |
|
|
384.767 |
|
|
Net Current Assets |
|
|
408.289 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1173.982 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
INCOME (GROSS
REVENUE) |
4499.005 |
2834.262 |
1562.007 |
|
|
|
|
|
|
|
|
EXPENSES |
4868.389 |
3105.770 |
1872.496 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(369.384) |
(271.508) |
(295.823) |
|
|
|
|
|
|
|
|
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(369.384) |
(271.507) |
(295.823) |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1411.031) |
(1139.524) |
(843.701) |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1780.415) |
(1411.031) |
(1139.524) |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.45) |
(1.14) |
(1.24) |
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
5094.885 |
|
|
|
|
|
|
Profit/Loss for the year |
|
|
(473.703) |
The above information has been parted by Ms. Sini Abraham.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(8.21)
|
(9.58) |
(18.94) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.87)
|
(12.81) |
(36.38) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.19)
|
(0.19) |
(0.18) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01
|
0.01 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.61
|
0.76 |
2.06 |
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 |
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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 |
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 |
NOTE: The
registered office of the company has been shifted from 84 F, C 6 Lane, Sainik Farms, New Delhi -110
062, India to present address w.e.f. 11.04.2011.
LITIGATION
DETAILS:
IN THE HIGH COURT OF DELHI AT NEW DELHI
ITA 158/2012
CIT ..... Appellant
Through Mr. Kiran Babu, Sr. Standing Counsel.
versus
YUM RESTAURANTS INDIA PVT LTD. ..... Respondent
Through Nemo.
CORAM:
HON'BLE MR. JUSTICE SANJIV KHANNA
HON'BLE MR. JUSTICE R.V.EASWAR
ORDER
07.03.2012
CM No. 4356/2012
Exemption application is allowed, subject to all just exceptions.
ITA No. 158/2012
Re-list on 26th April, 2012.
Copy of the paper book will be served on the counsel for the
respondent-assessee, who had entered appearance in other cases, during the
course of the day. A letter will also be written informing her that
this appeal is listed on 26th April, 2012.
SANJIV KHANNA, J.
R.V. EASWAR, J.
MARCH 07, 2012
VKR
$ 37.
BACKGROUND
Subject was
incorporated on 17 March 1994 as “KFC India Holding Private Limited”. The name
of the Company was changed to “Pepsi Restaurants ( India) Private Limited’ in
1995 and again the name of the Company was changed to “Tricon Restaurants (
India ) Private Limited” in 1997 and then to the present name in 2002. The
Company is primarily engaged in the business of developing and managing quick
service restaurant brands – KFC, Pizza Hut and Taco Bell through a mix of own
stores and franchisees.
OPERATION AND
PERFORMANCE
The operation and performance of the company is satisfactory and progressive. The company’s Gross Receipts has increased to Rs. 4499.006 Millions as compared to previous year of Rs. 2834.262 Millions. The company has achieved better results as compared to previous year due to effective and efficient utilization of its resources. Your management is striving hard to bring better results ahead.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
AS PER WEBSITE DETAILS:
PRESS RELEASE:
YUM BRANDS TO INVEST
$ 100 MN IN INDIA
OCT 22 2013
New Delhi: American fast food chain Yum Brands Inc. that runs Pizza Hut, Kentucky Fried Chicken (KFC) and Taco Bell chain of restaurants will invest close to $100 million in India over the next 3-4 years, the company said in a statement on Tuesday.
This is part of the $10 billion the company will invest in emerging markets by 2020 to cater to their growing middle classes.
At the launch of the company’s 40,000th restaurant worldwide—which happened to be in Goa—David Novak, chairman and chief executive, Yum Brands, said, “Together with our growth-ready franchise partners, Yum Brands plans to invest $10 Billion and have more than 20,000 restaurants in emerging markets by 2020.”
Yum Brands has two restaurants per million people in the top 10 emerging markets, compared with 58 per million in the US. “We are only on the ground floor of global growth. India is one of the biggest emerging market opportunities in the world and we are thrilled to celebrate our 40,000th restaurant here,” Novak said.
By 2015, the company aims to have 1,000 KFC, Pizza Hut and Taco Bell outlets in more than 100 cities in India. Currently, the company operates 500 restaurants here.
Countries such as India, with a growing middle class and heightened aspirations, are potent markets for consumer companies such as Yum Brands.
However, the company has had some glitches in the Indian market—it’s Mexican fast food chain Taco Bell has seen sluggish growth, with only four outlets since the brand’s launch in 2010. Of late, the Indian middle class has been cutting down on discretionary spends.
Niren Chaudhary, president, Yum Restaurants India, however said that, “Our growth in the country can be attributed to a successful brand building strategy focused on providing exceptional customer service, deep penetration across tier-I and tier-II cities, localized menu offerings and a skilled yet diverse workforce. As we grow our business, we also invest in the local communities with an aim to make a positive impact on the lives of millions of people. We maintain a positive outlook on the Indian market and look forward to reaching the 1,000th restaurant milestone by 2015.”
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 records 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.62.39 |
|
|
1 |
Rs.101.80 |
|
Euro |
1 |
Rs.84.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
NTH/ RAJ |
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 |
2 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.