MIRA
INFORM REPORT
|
Report Date : |
22.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
TETRA-PAK INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. B-53, Chakan MIDC, Phase – 2, Taluka Khed,
Village – Vasuli, Chakan – 410501, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.12.1987 |
|
|
|
|
Com. Reg. No.: |
25-012926 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1373.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21014PN1987PTC012926 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNET03816B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT3467B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in producing liquid packaging
solutions, it provides tetra fino, an aseptic packaging for liquid products and
also supplies material for tetra packaging, including tetra brik cartons,
packaging machines, and food processing systems. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects company’s sound financial risk profile marked by fair
liquidity position and decent profitability levels of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered good for business dealings at usual
trade terms and conditions. Note: The company has
changed its financial year filing from 12 month (Ranging from 01.01.2011 to
31.12.2011) to 15 month (Ranging from 01.01.2012 to 31.03.2013). |
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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DECLIEND
Management Non – Cooperative (91-2114-244127)
LOCATIONS
|
Registered Office : |
Plot No. B-53, Chakan MIDC, Phase – 2, Taluka Khed, Village – Vasuli, Chakan – 410501, Maharashtra, India |
|
Tel. No.: |
91-2114-244127 |
|
Fax No.: |
91-2114-244123 / 244125 |
|
E-mail: |
|
|
Websites : |
|
|
Area : |
10,000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
DLF Cyber Terrace, Building No 5, Tower C, 16th Floor, Cyber City, DLF Phase III, Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-5124600 |
|
Fax No.: |
91-124-5064308 |
|
|
|
|
Branch Office 1 : |
1134, 3rd Floor, 100 Feet Road, HAL 2nd Stage, Indiranagar, Bangalore – 560038, Karnataka, India |
|
Tel. No.: |
91-80-25294491 |
|
Fax No.: |
91-80-25271005 |
|
|
|
|
Branch Office 2 : |
Locate at Pune |
|
|
|
|
Overseas Office: |
· Dhaka · Colombo |
DIRECTORS
As on 15.07.2013
|
Name : |
Mr. Kandarp Bhushan Singh |
|
Designation : |
Chairman |
|
Address : |
Flat No. 606A, The Aralias, DLF Golf Links, DLF Phase V, Gurgaon –
122002, Haryana, India |
|
Date of Birth/Age : |
05.01.1966 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AZAPS9623A |
|
DIN No.: |
03421754 |
|
|
|
|
Name : |
Mr. Jayesh Gunvantrai Manek |
|
Designation : |
Whole-time director |
|
Address : |
Buenivista, B – Building Flat No. 3, Pashan, Pune – 411021, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1961 |
|
Date of Appointment : |
01.06.2012 |
|
PAN No.: |
ABRPM8082A |
|
DIN No.: |
05292913 |
|
|
|
|
Name : |
Mr. Russel Leighton Kekuewa |
|
Designation : |
Director |
|
Address : |
20, SOI Yagsoi Sammitr. |
|
Date of Birth/Age : |
30.04.1954 |
|
Date of Appointment : |
27.08.2004 |
|
DIN No.: |
01046807 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Rajaram Tembe |
|
Designation : |
Secretary and Manager Corporate Affairs |
|
Address : |
20, |
|
Date of Birth/Age : |
04.03.1961 |
|
Date of Appointment : |
12.08.1996 |
|
Pan No.: |
AAFPT4848Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Tetra |
|
137319999 |
|
Tetra Laval International S.A., |
|
1 |
|
Total |
|
137320000 |
Equity Share Break up (Percentage of Total Equity)
As on 15.07.2013
|
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 : |
Manufacturer of Processing Equipments Dairy Products. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
C 401, 4th Floor, Panchshil Techpark, Yerwada,(Near Don Bosco School) |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABSFS4151K |
|
|
|
|
Fellow Subsidiary company: |
·
Tetra Pak International Sa, Switzerland ·
P.T.
Tetra Pak Stainless Equipment ·
Tetra
Laval International SA ·
Tetra
Pak (Philippines) Inc ·
Ab
Tetra Pak ·
Tetra
Pak Dairy And Beverage Systems ·
Tetra
Pak Food Machinery ·
Tetra
Pak Gmbh And Company Kg Tetra Pak Inc · Tetra Pak Ltda ·
Tetra
Pak Pakistan Limited ·
Tetra
Pak Scanima A/S ·
Tetra
Pak South Africa Pinetown ·
Tetra
Pak Technical Service AB ·
Tetra
Pak Tubex Portugal, Lda Nihon ·
Tetra
Pak Tetra Pak Kunshan Limited ·
Tetra
Pak Egypt Limited ·
Tetra
Pak Service Sa ·
Tetra
Pak Cheese And Powder Systems AS ·
Pt.
Tetra Pak Indonesia ·
Tetra
Pak (Kunshan) Company Limited ·
Tetra
Pak (Suisse) S.A. (Romont) ·
Tetra
Pak Cheese And Powder Systems Bv ·
Tetra
Pak Taiwan Ltd ·
Tetra
Pak Global Resources Sa ·
Tetra
Pak Hispania S.A. ·
Tetra
Pak International S A ·
Tetra
Pak Packaging Solutions AB ·
Tetra
Pak Processing Components AB ·
Tetra
Pak Service Snc ·
Tetra
Pak South East Asia Pte Limited ·
Tetra
Pak Technical Service Middle East ·
Tetra
Pak Vietnam Joint Stock Company ·
Tetra
Pak And Cie ·
Tetra
Pak (West Africa) Limited ·
Tetra
Pak Manufacturing Limited ·
Tetra
Holdings Gmbh ·
Tetra
Pak (Malaysia) Sdn Bhd ·
Tetra
Pak (Thailand) Limited ·
Tetra
Pak China Limited ·
Tetra
Pak Export Fze ·
Tetra
Pak Global Supply SA ·
Tetra
Pak Hoyer A/S ·
Tetra
Pak Jurong Pte Limited ·
Tetra
Pak Packaging Solutions S.P.A ·
Tetra
Pak Processing Systems AB ·
Tetra
Pak Services (Thai) Limited ·
Tetra
Pak Technical ·
Tetra
Pak Trading (Shanghai) Limited ·
Tetra
Laval Capital Bv ·
Tetra
Pak (Hohhot) Company Limited ·
Tetra
Pak Cia. Ltda. ·
Tetra
Pak South Africa (Pty) Limited ·
Tetra
Pak AB |
|
|
|
|
Holding company: |
·
Tetra Laval Holdings and Finance SA, Switzerland |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270000000 |
Equity Shares |
Rs.10/- each |
Rs. 2700.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
137320000 |
Equity Shares |
Rs.10/- each |
Rs. 1373.200
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 (15 Months) |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1373.200 |
1819.200 |
|
(b) Reserves & Surplus |
|
1723.682 |
887.808 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3096.882 |
2707.008 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5723.279 |
750.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
72.986 |
50.438 |
|
Total Non-current Liabilities (3) |
|
5796.265 |
800.438 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1850.819 |
1029.024 |
|
(b) Trade payables |
|
2789.759 |
2507.299 |
|
(c) Other current
liabilities |
|
1681.056 |
778.822 |
|
(d) Short-term provisions |
|
421.492 |
227.757 |
|
Total Current Liabilities (4) |
|
6743.126 |
4542.902 |
|
|
|
|
|
|
TOTAL |
|
15636.273 |
8050.348 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
6492.551 |
1900.349 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
1643.730 |
631.956 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
16.378 |
73.527 |
|
(d) Long-term Loan and Advances |
|
165.420 |
434.126 |
|
(e) Other Non-current assets |
|
900.574 |
609.131 |
|
Total Non-Current Assets |
|
9218.653 |
3649.089 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2698.952 |
1455.284 |
|
(c) Trade receivables |
|
1826.849 |
1479.780 |
|
(d) Cash and cash
equivalents |
|
219.413 |
215.439 |
|
(e) Short-term loans and
advances |
|
1272.169 |
894.240 |
|
(f) Other current assets |
|
400.237 |
356.516 |
|
Total Current Assets |
|
6417.620 |
4401.259 |
|
|
|
|
|
|
TOTAL |
|
15636.273 |
8050.348 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1819.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
152.114 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1971.314 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
89.620 |
|
|
2] Unsecured Loans |
|
|
250.000 |
|
|
TOTAL BORROWING |
|
|
339.620 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2310.934 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1299.115 |
|
|
Capital work-in-progress |
|
|
146.475 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
83.038 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1675.651
|
|
|
Sundry Debtors |
|
|
1730.369
|
|
|
Cash & Bank Balances |
|
|
77.400
|
|
|
Other Current Assets |
|
|
114.158
|
|
|
Loans & Advances |
|
|
881.694
|
|
Total
Current Assets |
|
|
4479.272 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2124.220
|
|
|
Other Current Liabilities |
|
|
1014.851
|
|
|
Provisions |
|
|
557.895
|
|
Total
Current Liabilities |
|
|
3696.966 |
|
|
Net Current Assets |
|
|
782.306 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2310.934 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 (15 Months) |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
8522.090 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
15149.000 |
9646.000 |
8522.090 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
13544.000 |
8540.000 |
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
13544.000 |
8540.000 |
7478.260 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1605.000 |
1106.000 |
1043.830 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
341.590 |
296.738 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1263.410 |
809.262 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Design and other services |
|
|
7.376 |
|
|
|
Commission |
|
|
0.000 |
|
|
|
Reimbursement of expenses |
|
|
127.442 |
|
|
|
F.O.B. Value of exports |
|
|
1709.594 |
|
|
TOTAL EARNINGS |
NA |
NA |
1844.412 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
2569.802 |
|
|
|
Stores & Spares |
|
|
636.311 |
|
|
|
Capital Goods |
|
|
793.077 |
|
|
|
Trading Items |
|
|
193.649 |
|
|
TOTAL IMPORTS |
NA |
NA |
4192.839 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 (15 Months) |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
8.34
|
8.39 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.48
|
15.06 |
18.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52
|
0.41 |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.45
|
0.66 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
0.97 |
1.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
1819.200 |
1373.200 |
|
Reserves & Surplus |
887.808 |
1723.682 |
|
Net worth |
2707.008 |
3096.882 |
|
|
|
|
|
long-term borrowings |
750.000 |
5723.279 |
|
Short term borrowings |
1029.024 |
1850.819 |
|
Total borrowings |
1779.024 |
7574.098 |
|
Debt/Equity ratio |
0.657 |
2.446 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2010 |
31.12.2011 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
8522.090 |
9646.000 |
15149.000 |
|
|
|
13.188 |
57.050 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
9646.000 |
15149.000 |
|
Profit |
809.262 |
1263.410 |
|
|
8.39% |
8.34% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 (15 Months) |
31.12.2011 |
31.12.2010 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
58.333 |
0.000 |
NA |
|
|
|
|
|
|
Total |
58.333 |
0.000 |
NA |
|
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 |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE: No Charges
Exist for Company
OPERATIONS
The Company recorded a total income of Rs. 15149.000 millions in the
current financial year as against Rs. 9646.000 millions in the last year. The production
of packaging material for the year was 5.96 billion packs against 4.81 billion
packs during the previous year while sales of packaging material were 6.00
billion packs as against 4.88 billion packs for the previous year. The sales of
processing division were higher at Rs.1732.000 Millions as compared to Rs.
1834.000 Millions recorded during previous year. The Company has earned a
profit before tax of Rs.1605.000 Millions as against Rs 1106 million in the
previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (15 Months) (Rs.
in Millions) |
31.12.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
5723.279 |
750.000 |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
900.000 |
310.000 |
|
Borrowing from foreign institutional |
950.819 |
469.024 |
|
Other loans and advances |
0.000 |
250.000 |
|
Total |
7574.098 |
1779.024 |
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Vehicles
·
Office equipment
Intangible assets
Goodwill
Know-how
PRESS RELEASES
TETRA PAK INAUGURATES STATE-OF-THE-ART FACTORY IN INDIA
29.05.2013
€120 million facility will enhance company’s competitiveness with food
customers across the region
Tetra Pak today announces the inauguration of its latest world-class factory at Chakan, near Pune, in India. The plant is designed to meet growing demand for Tetra Pak processing and packaging solutions across India, South and Southeast Asia and the Middle East.
The €120 million (INR 7000.000 Millions) facility marks a significant milestone in Tetra Pak’s increasing presence in the Indian subcontinent.
Said Tetra Pak President and CEO Dennis Jönsson: “Tetra Pak started its market operations in India 26 years ago with a strong belief in the country’s growth potential. In 1997 we inaugurated our first factory here. We appreciate the trust and belief that the Indian dairy and beverage industry has in Tetra Pak. Today, India ranks among our fastest growing markets. Investing in this factory demonstrates our strong commitment to supporting our customers to meet growing consumer demand in the region.”
Noted Tetra Pak South Asia Markets Managing Director Kandarp Singh: “Today’s young urban consumer and the growing middle class are shaping and transforming the Indian food and beverage industry. Being ahead of the curve, Tetra Pak is geared to meet the growing demand for food safety and convenience. Today’s consumer looks for nutritious and healthy products in a convenient packaging format, something that Tetra Pak is well equipped to deliver.”
Spread over 45 acres, the new Tetra Pak plant employs the most advanced packaging material production technologies and equipment in the world. Amongst various other facilities, the new plant will have a straw production unit, a processing systems workshop, a filling machine renovation and a technical training academy.
The localisation of these processes will greatly increase responsiveness to market demands.
It will also house a Product Development and Innovation Centre which will have a laboratory, a pilot processing plant and a pilot packaging plant to meet the product formulations and development needs of customers.
The new plant doubles production capacity of Tetra Pak packaging material to 8.5 billion packages per year, with the potential of scaling it up to 16 billion packages. It also hopes to achieve Leadership in Energy and Environmental Design (LEED) Gold certification, reflecting its extremely high standards of energy efficiency, environmental performance and occupant well-being.
TERI
AND TETRA PAK LAUNCH PROJECT TO PROMOTE SUSTAINABILITY
JULY 19, 2013
TERI and Tetra Pak launch Project SEARCH in Goa to promote environmental sustainability. The project aims at creating awareness on recycling among the school community in 200 schools across India.
After successful efforts to raise awareness on good waste management practices in the schools of Delhi, Bengaluru, Chandigarh, Mumbai, Pune and Hyderabad, The Energy and Resources Institute (TERI) and Tetra Pak India are launching Phase V of Project SEARCH in Goa with a pool of 20 schools in the state.
The yearlong programme was launched at the Goa State Central Library, Patto, Panjim on 18 July 2013. Jaideep Gokhale Environment and Communications Director, Tetra Pak South Asia Markets witnessed participation of over 200 students and 30 teachers from all over the state.
“I am extremely pleased to be associated with TERI and Tetra Pak through project SEARCH. It is the youth we can change, as changing mindsets of the older generation is very difficult” said Dr. Nadkarni, Directorate of Education, Government of Goa.
Speaking on the initiative Ranjana Saikia, Director, Educating Youth for Sustainable Development, TERI, mentioned “It is a pleasure to work again with Tetra Pak and benefit from the support they provide to such activities. In Phase V of Project Search, I am sure we will be able to meet the target of successfully sensitizing the students about good waste management practices and the virtues of 4 Rs, making them key drivers in the essential process of enhancing environment protection knowledge followed by positive action”
Speaking about Tetra Pak’s involvement in the initiative, Jaideep Gokhale said, “The initiative provides a platform that encourages students to practice and spread the word about recycling. Tetra Pak’s commitment extends far beyond protecting the contents in a package; it also includes protecting the environment. The level of participation from the entire educational community towards Project SEARCH is a matter of pride for us and indicates the significant work being done under the initiative.”
The main objective of the programme is to institutionalise Project SEARCH in all member schools in a manner that it becomes an indispensable part of the school curriculum and commands wholehearted involvement of all students and staff to make it a credible and innovative school education programme.
Now in its fifth year, Project SEARCH will be scaled up to reach out to a total of 2,00,000 students and teachers, and it will help set up collection centres in partner schools for the collection of dry waste, recyclables and post-consumer Tetra Pak cartons. The larger aim is to create schools as ‘garbage free zones.
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. 60.77 |
|
|
1 |
Rs. 100.72 |
|
Euro |
1 |
Rs. 80.56 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.