MIRA
INFORM REPORT
|
Report Date : |
23.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
L’OREAL INDIA PRIVATE LIMITED (w.e.f. 04.07.2000) |
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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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Capital
Investment / Paid-up Capital : |
Rs. 2963.740
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85190MH1991PTC060363 |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUML01908E |
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PAN No.: [Permanent Account No.] |
AAACC0738K |
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Legal Form : |
Private Limited Liability Company |
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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. |
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|
No. of Employees
: |
Information denied 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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial record with government
department for the year 2013. As per available financial record of 2012, the rating reflects company
established track record of business operation with decent brand name in hair
shampoos, hair dyes and face creams segment marked by improved operational
performance which resulting into wiping off accumulated losses and profit
achieved from its operation. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of the
global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 DENIED
MANAGEMENT NON CO-OPERATIVE (91-22-24983000)
LOCATIONS
|
Registered
Office : |
A-Wing, 8th Floor, Marathon Furutex, N M Joshi Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-67003000 |
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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 |
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Designation : |
Director |
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Address : |
N-94, |
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Date of Birth/Age : |
01.09.1943 |
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Date of Appointment : |
17.03.1995 |
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DIN No.: |
00029998 |
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|
|
|
Name : |
Mr. Dinesh
Maheshwar Dayal |
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Designation : |
Director |
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Address : |
401 and 402, 4th
Floor, Sea Line Building, 16, Union Park, Pali Hill, Khar (West), Mumbai –
400052, Maharashtra, India |
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Date of Birth/Age : |
10.01.1960 |
|
Date of Appointment : |
11.01.2005 |
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DIN No.: |
00502650 |
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|
|
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Name : |
Mr. Laurent Alain
Maurice Lebras |
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Designation : |
Director |
|
Address : |
38 Boulevard
Maillot, |
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Date of Birth/Age : |
12.04.1968 |
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Date of Appointment : |
07.03.2011 |
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DIN No.: |
03436184 |
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|
|
|
Name : |
Mr. Rudolf Jochen
Zaumseil |
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Designation : |
Director |
|
Address : |
Niederloericker
Str. 18, Meerbusch-40667, |
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Date of Birth/Age : |
29.07.1959 |
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Date of Appointment : |
01.04.2010 |
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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 31.03.2011
|
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 denied by the management |
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Bankers : |
ICICI Bank, Lower Parel Branch, Mumbai, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Delloitte Haskins and Sells Chartered Accountant |
|
Address : |
Heritage, 3rd Floor, Near Gujarat Vidhvapith, Off |
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Tel. No.: |
91-79-27582542/27582543 |
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Fax No.: |
91-79-27582551 |
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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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
534.011 |
509.219 |
|
|
|
Stores & Spares |
NA |
2.448 |
1.249 |
|
|
|
Finished Goods |
|
774.451 |
754.586 |
|
|
|
Capital Goods |
|
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
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2963.740 |
2963.740 |
|
Reserves & Surplus |
(75.220) |
310.960 |
|
Net
worth |
2888.520 |
3274.700 |
|
|
|
|
|
long-term borrowings |
39.660 |
39.660 |
|
Short term borrowings |
221.570 |
535.000 |
|
Total
borrowings |
261.230 |
574.660 |
|
Debt/Equity
ratio |
0.090 |
0.175 |
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 |
Yes |
|
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 |
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
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Lodging No.:- ITXAL/452/2013 Filing
Date:- 15.03.2013 Reg. No.:- ITXA/1091/2013 Reg.
Date:- 07.05.2013 |
|
Petitioner: THE COMMISSIONER OF INCOME TAX 6- Respondent: L’OREAL INDIA PRIVATE
LIMITED Petn. Adv : SURESH KUMAR District: MUMBAI |
|
Bench: DIVISION Status: Pre-Admission
Category: TAX APPEAL Last Date: 14.07.2014
Stage: Last Coram: ACCORDING TO SITTING LIST
ACCORDING TO SITTING LIST |
|
Act: Income Tax Act, 1961 UNDER SECTION: 260A |
UNSECURED LOAN
|
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 |
INDEX OF
CHARGES
No Charges
Exits for the 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 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. 60.24 |
|
|
1 |
Rs. 102.86 |
|
Euro |
1 |
Rs. 81.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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.