MIRA
INFORM REPORT
|
Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
L’OREAL INDIA PRIVATE LIMITED (w.e.f. 04.07.2000) |
|
|
|
|
Formerly Known
As : |
LABORATORIES GARNIER ( INDELOR INDIA PRIVATE LIMITED |
|
|
|
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Registered
Office : |
A-Wing, 8th Floor, Marathon Furutex, N M Joshi Marg, Lower Parel, Mumbai – 400013, Maharashtra |
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Country : |
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Financials (as
on) : |
31.12.2012 |
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|
|
|
Date of Incorporation
: |
19.02.1991 |
|
|
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|
Com. Reg. No.: |
11-060363 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs. 2963.740
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85190MH1991PTC060363 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUML01908E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC0738K |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Manufacturing, importing and exporting of cosmetics, toiletries, personal
and healthcare products such as hair shampoos, hair dyes, face creams, etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 13000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a satisfactory track record.
It is engaged in manufacturing and marketing of hair shampoos, hair dyes and face
creams. The performance of the company is steadily improving. The company has
successfully wiped off its accumulated losses due to the profits earned
during December 2012. Trade relations are reported as decent. Business is
active. Payments are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of transactions
has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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 (91-22-67003000)
LOCATIONS
|
Registered
Office : |
A-Wing, 8th Floor, Marathon Furutex, N M Joshi Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-67003000 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory 1 : |
Located at
Umergaon, |
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Factory 2 : |
Gut No. 426, |
DIRECTORS
AS ON: 02.06.2012
|
Name : |
Mr. Abhey Shree
Bhagirathlal Yograj |
|
Designation : |
Director |
|
Address : |
N-94, |
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Date of Birth/Age : |
01.09.1943 |
|
Date of Appointment : |
17.03.1995 |
|
DIN No.: |
00029998 |
|
|
|
|
Name : |
Mr. Dinesh
Maheshwar Dayal |
|
Designation : |
Director |
|
Address : |
401 and 402, 4th
Floor, Sea Line Building, 16, Union Park, Pali Hill, Khar (West), Mumbai –
400052, Maharashtra, India |
|
Date of Birth/Age : |
10.01.1960 |
|
Date of Appointment : |
11.01.2005 |
|
DIN No.: |
00502650 |
|
|
|
|
Name : |
Mr. Laurent Alain
Maurice Lebras |
|
Designation : |
Director |
|
Address : |
38 Boulevard
Maillot, |
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Date of Birth/Age : |
12.04.1968 |
|
Date of Appointment : |
07.03.2011 |
|
DIN No.: |
03436184 |
|
|
|
|
Name : |
Mr. Rudolf Jochen
Zaumseil |
|
Designation : |
Director |
|
Address : |
Niederloericker
Str. 18, Meerbusch-40667, |
|
Date of Birth/Age : |
29.07.1959 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
03022992 |
KEY EXECUTIVES
|
Name : |
Mr. Padmalochan
Mishra |
|
Designation : |
Secretary |
|
Address : |
EMP-71, Sector 1,
Moon Building, Flat No. 403, Thakur Village, Kandivali East, Mumbai-400101,
Maharashtra, India |
|
Date of Birth/Age : |
13.06.1968 |
|
Date of Appointment : |
01.02.2003 |
|
Pan No.: |
AHOPM2112Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 02.06.2012
|
Names of Shareholders |
No. of Shares |
|
L’Oreal SA,
France |
296374444 |
|
Holdial |
1 |
|
TOTAL
|
296374445 |
AS ON: 02.06.2012
|
Equity Shares
Break Up |
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 : |
Manufacturing, importing and exporting of cosmetics, toiletries,
personal and healthcare products such as hair shampoos, hair dyes, face
creams, etc. |
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|
Products : |
|
PRODUCTION STATUS (AS
ON 31.12.2011)
|
Particulars |
Unit |
Installed
Capacity (In ‘000s) |
Actual
Production (In ‘000s) |
|
Cosmetics – Hair Care* |
Bottles |
174459 |
71303 |
|
Cosmetics – Skin Care |
Units |
117622 |
60475 |
|
Cosmetics – Hair Colour |
Units |
68344 |
44763 |
* includes Nil
units manufactured by others on behalf of the Company.
Notes:
i.
Information on licensed capacity is not furnished
in view of withdrawal of licensing requirements vide gazette notification
S.O.477 (E) dated 25/07/1991.
ii.
The installed capacities are as per certificates
given by the management, on which the auditors have relied.
iii.
Actual production units for items manufactured with
pack size of 10 ML or less are equated to 1 unit.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
ICICI Bank, Lower Parel Branch, Mumbai, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Delloitte Haskins and Sells Chartered Accountant |
|
Address : |
Heritage, 3rd Floor, Near Gujarat Vidhvapith, Off |
|
Tel. No.: |
91-79-27582542/27582543 |
|
Fax No.: |
91-79-27582551 |
|
Pan No.: |
AABFD7919A |
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|
|
Fellow Subsidiaries : |
·
Areca and Cie ·
Avenamite S.A. ·
Banque de Realisations de Gestion et de
Financement (Regefi) ·
Beaute Createurs ·
Beaute, Recherche and Industries ·
Beautycos International Company Limited ·
Beautylux International Cosmetics (Shanghai)
Company Limited ·
Belcos Limited ·
Biotherm ·
Cadum ·
Cadum International SA ·
Canan Kozmetik Sanayi Ve Ticaret A.S. ·
Canan Tuketim Urunleri Pazarlama A.S. ·
Centre Logistique dEssigny ·
Centrex ·
Chimex ·
Cobelsa Cosmeticos, S.A. ·
Colainaf ·
Compagnie Thermale Hoteliere et Financiere ·
Consortium General de Publicite ·
Cosbel S.A. de C.V. ·
Cosmelor KK ·
Cosmelor Limited ·
Cosmephil Holdings Corporation Philippines ·
Cosmetil ·
Cosmetique Active ·
Cosmetique Active International ·
Cosmetique Active Ireland Limited ·
Cosmetique Active Production ·
Egyptelor LLC ·
Elebelle (Pty) Limited ·
EpiSkin ·
EpiSkin Biomateiaux ·
Erwiton S.A. ·
Exclusive Signatures International ·
Fapagau and Cie ·
Faprogi ·
Finval ·
Frabel S.A. de C.V. ·
Gemey Maybelline Garnier ·
Gemey Paris Maybelline New York ·
Goldys International ·
Groupe Cadum SAS ·
Helena Rubinstein ·
Helena Rubinstein Italia S.p.A ·
Holdial ·
Hygiene Beaute Distribution France ·
Kosmepol Sp z.o.o ·
L and J Re ·
L'Oreal Maroc ·
L'Oreal S.A. ·
L'Oreal (China) Company Limited ·
L'Oreal Adria d.o.o. ·
L'Oreal Argentina S.A. ·
L'Oreal Australia Pty Limited ·
L'Oreal Balkan d.o.o. ·
L'Oreal Baltic SIA ·
L'Oreal Belgilux S.A. ·
L'Oreal Brasil Comercial de Cosmeticos Limited ·
L'Oreal Brasil Licenciamentos Empresariais,
Cosmeticose Perfumes Limited ·
L'Oreal Bulgaria EOOD ·
L'Oreal Canada, Inc. ·
L'Oreal Central West Africa ·
L'Oreal Ceska Republika s.r.o ·
L'Oreal Chile S.A. ·
L'Oreal Colombia S.A. ·
L'Oreal Cosmetics Industry SAE ·
L'Oreal Danmark A/S ·
L'Oreal Deutschland GmbH ·
L'Oreal East Africa Limited ·
L'Oreal Egypt LLC ·
L'Oreal Espaa S.A. ·
L'Oreal Finland Oy ·
L'Oreal Guatemala S.A. Guatemala ·
L'Oreal Hellas S.A. ·
L'Oreal Hong Kong Limited ·
L'Oreal Investments B.V. ·
L'Oreal Israel Limited ·
L'Oreal Italia S.p.A ·
L'Oreal Japan Limited ·
L'Oreal Kazakhstan LLP ·
L'Oreal Korea Limited ·
L'Oreal Liban SAL ·
L'Oreal Libramont ·
L'Oreal Magyarorszag Kozmetikai Kft ·
L'Oreal Malaysia SDN BHD ·
L'Oreal Manufacturing Midrand Pty Limited ·
L'Oreal Mexico S.A. de C.V. ·
L'Oreal Mexico Servicios S.A. de C.V. ·
L'Oreal Middle East ·
L'Oreal Nederland B.V. ·
L'Oreal New Zealand Limited ·
L'Oreal Norge A/S ·
L'Oreal Osterreich GmbH ·
L'Oreal Pakistan Private Limited ·
L'Oreal Panama S.A. ·
L'Oreal Peru S.A. ·
L'Oreal Philippines, Inc. ·
L'Oreal Polska Sp z.o.o ·
L'Oreal Portugal, Lda ·
L'Oreal Produits de Luxe France ·
L'Oreal Produits de Luxe International ·
L'Oreal Produktion Deutschland Beteiligung GmbH ·
L'Oreal Produktion Deutschland GmbH and Company
Kg ·
L'Oreal Romania SRL ·
L'Oreal Saipo Industriale S.p.A ·
L'Oreal Singapore Pte LImited ·
L'Oreal Slovenija Kozmetika d.o.o ·
L'Oreal Slovensko s.r.o ·
L'Oreal SLP S.A. de C.V. ·
L'Oreal South Africa Holdings Pty Limited ·
L'Oreal Suisse S.A. ·
L'Oreal Sverige AB ·
L'Oreal Taiwan Company Limited ·
L'Oreal Thailand Limited ·
L'Oreal Turkiye Kozmetik Sanayi Ve Ticaret Anonim
Sirketi ·
L'Oreal UK Limited ·
L'Oreal Ukraine ·
L'Oreal USA, Inc. ·
L'Oreal USA Products Inc. ·
L'Oreal Venezuela, C.A. ·
L'Oreal Verwaltungs GmbH ·
L'Oreal Vietnam Company Limited ·
L'Oreal West Africa Limited ·
La Roche-Posay Dermato-Cosmetique ·
La Roche-Posay Laboratoire Pharmaceutique ·
Laboratoire Sanoflore ·
Lai Mei Cosmetics International Trading
(Shanghai) Company Limited ·
Laboratoires Garnier and Cie (merged with L'Oreal
S.A.) ·
Lancome Parfums and Beaute and Cie ·
Lancos Limited ·
LaScad ·
Le Club des Createurs de Beaute ·
Lehoux et Jacque ·
Marigny Manufacturing Australia Pty Limited ·
Masrelor LLC ·
Matrix Distribution GmbH ·
Maybelline (Suzhou) Cosmetics Limited ·
Nihon L'Oreal K.K. ·
NLO K.K. ·
P.T. L'Oreal Indonesia ·
P.T. Yasulor Indonesia ·
Parbel of Florida, Inc. ·
Parfums Cacharel and Cie ·
Parfums Guy Laroche ·
Parfums Paloma Picasso and Cie ·
Parfums Ralph Lauren ·
Prestige et Collections International ·
Procosa Productos de Beleza Ltda ·
Productos Capilares L'Oreal S.A. ·
Redken France ·
Roger and Gallet ·
Scental Limited ·
Seda Plastik Ve Boya San. Ith. Tic. Limited Sti ·
Shu Uemura Cosmetics Inc. ·
Sicos and Cie ·
SkinEthic ·
Societe de Developpement Artistique ·
Societe Hydrominerale de La Roche-Posay ·
Sofamo ·
Soprocos ·
Soproreal ·
Sparlys ·
The Body Shop (sous-groupe) ·
Venprobel ·
Viktor and Rolf Parfums ·
Yichang Tianmei International Cosmetics Company
Limited ·
YSL Beaute ·
YSL Beaute Hong Kong Limited ·
YSL Beaute Middle East Fze ·
YSL Beaute Singapore Pte Limited ·
YSL Beaute Vostok o.o.o. ·
Zao L'Oreal |
CAPITAL STRUCTURE
AS ON 31.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
296500000 |
Equity Shares |
Rs.10/- each |
Rs. 2965.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
296374445 |
Equity Shares |
Rs.10/- each |
Rs. 2963.740
Millions |
|
|
|
|
|
As on: 02.06.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
381500000 |
Equity Shares |
Rs.10/- each |
Rs. 3815.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
306374445 |
Equity Shares |
Rs.10/- each |
Rs. 3063.745
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2963.740 |
2963.740 |
|
(b) Reserves & Surplus |
|
310.960 |
(75.220) |
|
(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) |
|
3274.700 |
2888.520 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
39.660 |
39.660 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
18.390 |
16.290 |
|
(d) long-term provisions |
|
54.580 |
17.240 |
|
Total Non-current Liabilities (3) |
|
112.630 |
73.190 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
535.000 |
221.570 |
|
(b) Trade payables |
|
3860.020 |
2907.620 |
|
(c) Other current liabilities |
|
673.550 |
566.580 |
|
(d) Short-term provisions |
|
211.620 |
164.140 |
|
Total Current Liabilities (4) |
|
5280.190 |
3859.910 |
|
|
|
|
|
|
TOTAL |
|
8667.520 |
6821.620 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3261.290 |
2594.900 |
|
(ii) Intangible Assets |
|
103.120 |
102.100 |
|
(iii) Capital work-in-progress |
|
539.360 |
463.840 |
|
(iv) Intangible assets under development |
|
36.890 |
6.540 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
203.310 |
75.700 |
|
(d) Long-term Loan and Advances |
|
604.580 |
542.130 |
|
(e) Other Non-current assets |
|
2.030 |
2.030 |
|
Total Non-Current Assets |
|
4750.580 |
3787.240 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2383.150 |
1964.830 |
|
(c) Trade receivables |
|
856.590 |
648.770 |
|
(d) Cash and cash equivalents |
|
61.160 |
29.620 |
|
(e) Short-term loans and advances |
|
603.900 |
350.070 |
|
(f) Other current assets |
|
12.140 |
41.090 |
|
Total Current Assets |
|
3916.940 |
3034.380 |
|
|
|
|
|
|
TOTAL |
|
8667.520 |
6821.620 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2963.744 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(661.944) |
|
|
NETWORTH |
|
|
2301.800 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
39.686 |
|
|
TOTAL BORROWING |
|
|
39.686 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2341.486 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1906.881 |
|
|
Capital work-in-progress |
|
|
425.212 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
94.649 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1537.197
|
|
|
Sundry Debtors |
|
|
454.086
|
|
|
Cash & Bank Balances |
|
|
108.028
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
445.260
|
|
Total
Current Assets |
|
|
2544.571 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2221.223
|
|
|
Other Current Liabilities |
|
|
242.754
|
|
|
Provisions |
|
|
165.850
|
|
Total
Current Liabilities |
|
|
2629.827 |
|
|
Net Current Assets |
|
|
(85.256)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2341.486 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL (A) |
NA |
NA |
11274.953 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consume and Variation in Stock |
|
|
|
|
|
|
Employee’s Remuneration and Benefits |
|
|
|
|
|
|
Selling, Administration and Other Expenses |
|
|
10482.987 |
|
|
|
Increase/ Decrease in Excise duty on Closing Stock |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
10482.987 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
791.966 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
309.790 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
482.176 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
43.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
386.180 |
586.715 |
438.922 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exports of Goods on FOB Basis |
|
899.773 |
1180.640 |
|
|
|
Reimbursement of Expenses |
|
145.807 |
0.000 |
|
|
|
Miscellaneous Income |
|
3.362 |
8.756 |
|
|
TOTAL EARNINGS |
1142.750 |
1048.942 |
1189.396 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
534.011 |
509.219 |
|
|
|
Stores & Spares |
NA |
2.448 |
1.249 |
|
|
|
Finished Goods |
NA |
774.451 |
754.586 |
|
|
|
Capital Goods |
NA |
183.208 |
102.037 |
|
|
TOTAL IMPORTS |
NA |
1494.118 |
1367.091 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.30 |
1.98 |
1.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
NA |
NA
|
3.89
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA
|
10.83
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA
|
0.21
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.18
|
0.10
|
0.01
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.74
|
0.91
|
0.97
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 one year |
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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
Rs.
In Millions 31.12.2012 |
Rs.
In Millions 31.12.2011 |
|
Long term borrowing |
|
|
|
Deferred sales
tax loan |
39.660 |
39.660 |
|
|
|
|
|
Short term borrowing |
|
|
|
Loans repayable
on demand |
535.000 |
221.570 |
|
|
|
|
|
Total |
574.660 |
261.230 |
Note: The Registered
Office of the company has been shifted from 2nd Floor, Peninsula Corporate
Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013, Maharashtra, India to
the present address
Note: No
Charges Exist for Company
FIXED
ASSETS
·
Land
·
·
Plant and Machinery
·
Furniture And Fixtures
·
Vehicles
·
Leasehold Improvements
·
Intangible Assets – Computer Software and Goodwill
PRESS RELEASE
REUNIFICATION OF THE
ROLES
L’Oréal announces the reunification of the roles of Chairman of the Board of Directors and Chief Executive Officer of the Group.
Jean-Paul Agon appointed Chairman and CEO
Sir Lindsay Owen-Jones Honorary Chairman
Sir Lindsay Owen-Jones informed the Appointments and Governance Committee, at its meeting on February 9th ,2011, and then the Board of Directors, at its meeting on February 10th ,2011, that he wished to complete the transfer of responsibilities to his successor before his 65th birthday on March 17th 2011, as planned from the outset and announced at the Annual General Meeting in 2005.
The Board of Directors recorded this proposition, and took the view that the environment was indeed once again favourable for the reunification of the roles of Chairman of the Board of Directors and Chief Executive Officer.
On the proposal of the Appointments and Governance Committee, the Board of Directors voted unanimously and with acclamation in favour of appointing Mr Jean-Paul Agon as Chairman and CEO of L’Oréal.
To pay tribute to the exceptional contribution made by Sir Lindsay Owen-Jones to L’Oréal’s success during his 42 years with the group, including 23 years as Chairman, the Board has decided to appoint him Honorary Chairman.
Sir Lindsay Owen-Jones will continue to be a director of L’Oréal and Chairman of the L’Oréal Foundation.
Sir Lindsay Owen-Jones said: “I am truly delighted that the great project I had formulated from the outset for L’Oréal has become reality. I would like in particular to express my thanks to the Board for the honour it has conferred on me with this distinction. I have every confidence in the future of L’Oréal and in the ability of Jean-Paul Agon and his teams to successfully continue this remarkable adventure”.
Mr Jean-Paul Agon said: “I feel immensely proud. I am extremely honoured, and fully aware of the responsibility this appointment entails. I would like to express my heartfelt respect and gratitude to Sir Lindsay Owen-Jones for his support and his inspiration. L’Oréal has entered a new phase in its history: the universalisation of beauty. We have all the resources for this new conquest, as we continue the great L’Oréal adventure.”
L'OREAL INDIA EXPECTS
10-15 PER CENT GROWTH IN LOCAL MARKET
MUMBAI: L'Oreal India, part of the euro 21- billion L'Oreal SA, today said it expects 10-15 per cent growth in the Indian market.
"Our turnover stood at Rs 1,600 crore in 2012. We expect double digit growth of 10-15 per cent in the Indian market,"L'Oreal India Head, Professional Products Division, Aseem Kaushik told PTI here.
The company sees good potential for growth in the domestic cosmetics market. The market size for professional skin and hair care is estimated to be at Rs 2,500 crore in urban India and it is growing at about 15 per cent y-o-y basis, he said.
L'Oreal Professional Products category offers various brands in skincare, Kerastase, and Matrix. These have about 400 products in total, which are sold through salons. Under the skincare brands category it offers luxury brand - Keraskin and the recently acquired Cheryl's brand.
Cheryl's Cosmeceuticals had a distribution network spanning over 10,000 salons in India and a turnover of approximately Rs 20 crore in 2012. It has a very wide product range under its umbrella from skincare, body care, lip care and anti-acne products to waxes, facial kits, sunscreen and fairness creams.
"Following the acquisition, Cheryl's, a homegrown brand, will soon be available not only at L'Oreal's 35,000 salons in India, but also in Sri Lanka, Nepal and Bangladesh," Kaushik said.
L'Oreal trains about 1,25,000 hair-dressers every year at its salons and at 60 of its academies and studios across the country, he revealed.
Kaushik pointed out that the biggest challenge in the Cheryl's rollout was training people to use the products as it is a professional cosmetics range.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was the
subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.53 |
|
|
1 |
Rs. 101.08 |
|
Euro |
1 |
Rs. 83.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.