MIRA INFORM REPORT
|
Report Date : |
07.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
HINDUSTAN COCA-COLA BEVERAGES PRIVATE LIMITED (w.e.f. 11.10.1999) |
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|
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|
Formerly Known
As : |
HINDUSTAN COCA-COLA BOTTLING SOUTHWEST PRIVATE LIMITED |
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Registered
Office : |
13, Abul Fazal Road, Bengali Market, New Delhi – 110 001 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
14.02.1997 |
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Com. Reg. No.: |
55-085151 |
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Capital Investment
/ Paid-up Capital : |
Rs.13518.290 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U74899DL1997PTC085151 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELH04006C |
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PAN No.: [Permanent Account No.] |
AAACH3005H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing and distribution of non-alcoholic
beverages. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 140000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Hindustan Coca-Cola Holdings Private
Limited”. It is a well-established company having fine track record. The company has incurred huge accumulated losses over a year. However, the rating reflects company’s leadership position in the
domestic non-alcoholic beverages market with strong brands under its
portfolio, supported by stable nature of demand in the domestic beverage
business and financial as well as managerial support that company receives
from its parent company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. In view of strong holding support, the company can be considered good
for normal business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
Long Term Issuer Rating = AAA |
|
Rating Explanation |
Very low default risk and strong capacity
for repayment of financial commitments
|
|
Date |
28.03.2013 |
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 DENIED BY
|
Name : |
Mr. Vijaykumar Varma |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-124-6755500 |
|
Date : |
04.06.2014 |
LOCATIONS
|
Registered Office : |
13, Abul Fazal Road, Bengali Market, New Delhi – 110 001, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
3rd
Floor, Orchid Centre, DLF Golf
Course Road, Sector 53,
Gurgaon – 122 001, Haryana, India |
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Tel. No.: |
91-124-6755500/ 4705600 |
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Facsimile No.: |
91-124-6755501 |
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Zonal Offices : |
Located at:
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DIRECTORS
As on 16.09.2013
|
Name : |
Mr. Thirumalai Krishnakumar |
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Designation : |
Director |
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Address : |
Flat No. 12-A, GH-6, Orchid Garden, Suncity, Sector-54, DLF Golf
Course Road, Gurgaon-122001, Haryana, India |
||||||||||||||||||
|
Date of Birth/Age : |
20.10.1959 |
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Date of Appointment : |
21.09.2010 |
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DIN No.: |
00079047 |
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Other Directorship:
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||||||||||||||||||
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Name : |
Mr. Shukla Wassan |
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Designation : |
Director |
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|
Address : |
Y-141, Regency Park II, DLF Phase IV, Gurgaon-122009, Haryana, India |
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Date of Birth/Age : |
18.12.1959 |
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|
Date of Appointment : |
21.09.2010 |
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DIN No.: |
02770898 |
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Other Directorship:
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Name : |
Mr. Patrick George Yadauga |
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Designation : |
Additional Director |
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Address : |
1432, Sandstone CT Southlake TX 76092 |
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Date of Birth/Age : |
09.06.1956 |
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Date of Appointment : |
15.09.2011 |
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DIN No.: |
03483196 |
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Other Directorship:
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Name : |
Mr. Jawahar Solai Kuppuswamy |
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Designation : |
Whole Time Director |
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Address : |
Flat No.0602, 6th Floor, Block No.11, Nirvana Counrty,
Gurgaon-122018, Haryana, India |
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Date of Birth/Age : |
01.05.1964 |
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Date of Appointment : |
25.09.2012 |
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DIN No.: |
05179638 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Shukla Wassan |
|
Designation : |
Company Secretary |
|
Address : |
Y-141, Regency Park II, DLF Phase IV, Gurgaon-122009, Haryana, India |
|
Date of Birth/Age : |
18.12.1959 |
|
Date of Appointment : |
01.07.2008 |
|
PAN No.: |
AAHPW8633J |
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|
|
|
Name : |
Mr. Vijaykumar Varma |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
As on 16.09.2013
|
Names of Equity Shareholders (Class A) |
|
No. of Shares |
|
Hindustan Coca-Cola Holdings Private Limited, India |
|
259250280 |
|
The HCCB Employees Welfare Trust, India |
|
20250100 |
|
The HCCB Employees Stock Options Trust, India |
|
20250020 |
|
Sunil Gupta |
|
1 |
|
Ravinder Narain |
|
3 |
|
Dadachanji Behram Jamshed |
|
4 |
|
Ponnacle Trades International Private Limited, India |
|
250000 |
|
Total |
|
300000408 |
|
Names of Equity Shareholders (Class B) |
No. of Shares |
|
Hindustan Coca-Cola Holdings Private Limited, India |
248469047 |
|
Total |
248469047 |
|
Names of 1% Redeemable Non-Cumulative, Non-Participative Preference
Shareholders |
No. of Shares |
|
Hindustan Coca-Cola Holdings Private Limited, India |
803359200 |
|
Total |
803359200 |
Equity Share Break up (Percentage of Total Equity)
As on 16.09.2013
|
Category |
Percentage |
|
Bodies corporate |
92.62 |
|
Other top fifty shareholders |
7.38 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and distribution of non-alcoholic
beverages. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity # |
|
Beverage in RGB |
Per annum |
254298750 |
|
Beverage in PET |
Per annum |
160947947 |
|
Beverage in Can |
Per annum |
14025000 |
|
Beverage in Tetra Packs |
Per annum |
7366667 |
|
Bulk Water |
Per annum |
3366000 |
In physical cases except for Bulk Water, which is in nos.
Licensed capacity has not been mentioned in view of De-licensing clause by
Government.
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|
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|
|
Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S R Batliboi and Company Chartered Accountants |
|
Address : |
Golf View Corporate Towers- B, Sector-42, Sector Road, Gurgaon-122002,
Haryana, India |
|
Tel. No.: |
91-124-4644000 |
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Fax No.: |
91-124-4644050 |
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PAN No.: |
AALFS0506L |
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Holding Company : |
CIN No.:- U74899DL1997FTC085304 |
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Subsidiaries : |
CIN No.:- U51227DL2000PTC106974 |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
Management personnel and their relatives :
|
CIN No.:- U15549PN1992FTC065522
|
CAPITAL STRUCTURE
As on 16.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
650000000 |
Equity Shares |
Rs.10/- each |
Rs.6500.000 Millions |
|
900000000 |
Preference Shares |
Rs.10/- each |
Rs.9000.000 Millions |
|
|
Total |
|
Rs.15500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
548469455 |
Equity Shares |
Rs.10/- each |
Rs.5484.695 Millions |
|
803359200 |
Preference Shares |
Rs.10/- each |
Rs.8033.592 Millions |
|
|
Total |
|
Rs.13518.287
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13,518.290 |
13,518.290 |
13,304.150 |
|
(b) Reserves & Surplus |
20,665.380 |
17,886.140 |
9,836.550 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
4,496.750 |
|
Total
Shareholders’ Funds (1) + (2) |
34,183.670 |
31,404.430 |
27,637.450 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
124.370 |
111.760 |
95.100 |
|
(d) long-term
provisions |
517.160 |
370.850 |
326.850 |
|
Total Non-current
Liabilities (3) |
641.530 |
482.610 |
421.950 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2,383.810 |
829.410 |
1,057.620 |
|
(b) Trade payables |
9,832.670 |
9,417.650 |
7,644.800 |
|
(c) Other
current liabilities |
5,409.030 |
4,379.800 |
3,352.870 |
|
(d) Short-term
provisions |
1,165.780 |
1,019.780 |
950.200 |
|
Total Current
Liabilities (4) |
18,791.290 |
15,646.640 |
13,005.490 |
|
|
|
|
|
|
TOTAL |
53,616.490 |
47,533.680 |
41,064.890 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
25,546.170 |
22,343.020 |
20,637.530 |
|
(ii)
Intangible Assets |
83.340 |
77.960 |
35.900 |
|
(iii)
Capital work-in-progress |
2,226.170 |
740.210 |
2,329.370 |
|
(iv)
Intangible assets under development |
12.830 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.070 |
0.070 |
0.070 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1,863.650 |
1,176.940 |
704.960 |
|
(e) Other
Non-current assets |
2.420 |
3.230 |
3.230 |
|
Total Non-Current
Assets |
29,734.650 |
24,341.430 |
23,711.060 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
15,804.400 |
13,314.690 |
9,501.220 |
|
(c) Trade
receivables |
1,823.550 |
1,121.820 |
679.250 |
|
(d) Cash
and cash equivalents |
2,102.330 |
5,858.570 |
5,343.350 |
|
(e) Short-term
loans and advances |
4,132.590 |
2,858.650 |
1,815.500 |
|
(f) Other
current assets |
18.970 |
38.520 |
14.510 |
|
Total
Current Assets |
23,881.840 |
23,192.250 |
17,353.830 |
|
|
|
|
|
|
TOTAL |
53,616.490 |
47,533.680 |
41,064.890 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
65,971.270 |
56,102.090 |
45,406.000 |
|
|
|
|
Other Income |
57.200 |
480.130 |
363.000 |
|
|
|
|
TOTAL (A) |
66,028.470 |
56,582.220 |
45,769.000 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
TOTAL (B) |
60,373.990 |
50,296.680 |
40,394.000 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5,654.480 |
6,285.540 |
5,375.000 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
(702.830) |
(723.610) |
178.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
6,357.310 |
7,009.150 |
5,197.000 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
3,578.030 |
3,242.170 |
3,216.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
2,779.280 |
3,766.980 |
1,981.000 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
2,779.280 |
3,766.980 |
1,981.000 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
NA |
NA |
4.652 |
|
|
|
TOTAL EARNINGS |
NA |
NA |
4.652 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials and Packaging Materials |
|
|
1261.684 |
|
|
|
|
Stores & Spares |
|
|
115.407 |
|
|
|
|
Capital Goods |
|
|
1582.000 |
|
|
|
TOTAL IMPORTS |
NA |
NA |
2959.091 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
2.06 |
NA |
3.92 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.21 |
6.66 |
4.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.21 |
6.71 |
4.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.41 |
8.05 |
5.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.12 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.03 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.48 |
1.33 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
13304.150 |
13518.290 |
13518.290 |
|
Reserves & Surplus |
9836.550 |
17886.140 |
20665.380 |
|
Share Application money
pending allotment |
4496.750 |
0.000 |
0.000 |
|
Net
worth |
27637.450 |
31404.430 |
34183.670 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
1057.620 |
829.410 |
2383.810 |
|
Total
borrowings |
1057.620 |
829.410 |
2383.810 |
|
Debt/Equity
ratio |
0.038 |
0.026 |
0.070 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
45,406.000 |
56,102.090 |
65,971.270 |
|
|
|
23.557 |
17.591 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
45,406.000 |
56,102.090 |
65,971.270 |
|
Profit |
1,981.000 |
3,766.980 |
2,779.280 |
|
|
4.36% |
6.71% |
4.21% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Short Term Bank Overdraft* |
|
|
|
- From Banks |
2,383.810 |
829.410 |
|
Total |
2,383.810 |
829.410 |
* Short term bank overdraft carries interest @ 9.5% p.a. to 10.5%
p.a. during the year.
CORPORATE INFORMATION
The Company is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956.
The Company is a subsidiary of Hindustan Coca-Cola Holdings Private Limited [HCCH]. The Company is engaged in manufacturing and distribution of non-alcoholic beverages under the authority of The Coca-Cola Company, USA and primarily sells its products in India."
OPERATION OF THE COMPANY
During
the Financial Year 2012-2013, the Company has made great strides in operations
by adding significant outlets and improved ground execution resulting
improvement in its performance.
The
Company improved its Net Sales to Rs.65971.270 Million for the year ended March
31, 2013 as against Rs.56102.090 Million during the previous Financial Year,
and achieved a growth of 18%. After providing Rs.19.590 Million towards
interest and finance charges (previous year Rs.15.250 Million) and Rs.3578.030
Million towards depreciation (previous year Rs.3242.170 Million), the Company
has reported a net profit of Rs.2779.280 Million for the Financial Year as
against a net profit of Rs.3766.980 Million during the previous Financial Year.
The accumulated loss in the books of the Company as at March 31, 2013 is
Rs.8166.950 Million (previous year Rs. 10946.220 Million).
Financial
Year 2012-2013 started on a good note. The Company executed strong trade
marketing calendar led by Sparkling and Juices, which helped us to deliver
strong volume performance in the first half of the Financial Year. However
latter half of the year was impacted by unfavorable weather conditions in the
country. Strong execution led to gain in Market Share.
The
Company further standardized and strengthened execution system across
categories. This helped to streamline ground operation as well as trade
management.
To
support its growth plans, the Company has invested Rs.6838.870 Million
primarily towards expansion of its capacities and in sales generating assets to
increase the sales.
Subsidiary
of the Company, M/s Hindustan Coca-Cola Marketing Company Private Limited
[HCCM], has discontinued its operations from May, 2008 and is exploring various
other business options.
NEW PRODUCT LAUNCHES
The
Company has expanded its portfolio in the Non Alcoholic Ready to Drink (NARTD)
market with the launch of Apple flavor under the brand Fanta.
The
Company has also launched new packs of 400 ml and 750 ml both in Sparkling and
Juice category. These packs are expected to be growth engines for the Company
in the years to come.
Juice
Portfolio had also been strengthened with the addition of 200 ml Tetra Pak
under the Minute Maidbrand whileTetra wedge (125 ml) was launched under the
Maazaand Minute Maidbrand. They are still in the initial phase.
Launch
of sleek cans of Ginger Ale to cater the niche segment in mixers category, is
expected to help in building the Schweppes brand.
FUTURE OUTLOOK
The
Company is confident of continuing the growth in the business which it has been
generating in both short term and long term. Sparkling and Juice would continue
to be the major drivers. Portfolio of the Company will be supplemented with new
products and pack launches.
The
Company would continue investing in manufacturing capacities, supply chain
capabilities and sales generating assets in line with the growth plans.
AWARDS
The Financial Year 2012-13 has been remarkable for the
Company and it bagged accolades for adherence to quality, safety norms and
environment. Some of the awards that the Company received are as follows:
- Water Digest Water Award
The Company was awarded Water Reuse Project of the year from
Water Digest supported by UNESCO and the Ministry of Water Resources in India.
The award was given by the Director and UNESCO Representative of India, Bhutan,
Maldives and Sri Lanka, Mr. Shigeru Aoyagi and the Special Secretary, Ministry
of Water Resources, Mr. G. Mohan Kumar.
- CII - Excellence Award in Environment Health
& Safety
The Company’s Plant in Bangalore received 6th Edition of
Excellence Award in Environment, Health & Safety (EHS) for the year 2012
from The Confederation of Indian Industry (CII) Southern Region.
- Awards for Rain Maker from International Water
Association
The Company’s Plant in Gujarat was adjudged the Global Grand
Winner by the International Water Association for its innovative beverage
process water recovery system, Project Rainmaker Water for the Future, Moving
towards Zero Liquid Discharge?, at a ceremony in Busan, Korea in September
2012. This award was to celebrate excellence and innovation in water and
sanitation projects in middle income countries.
- Pollution Control Management Award
The Patna Unit of the Company was adjudged second for
Excellence in Pollution Control Management for the year-2012-13 by the Jury on
Industrial Pollution Control Awards. The award was presented by the then
Hon’ble Dy. Chief Minister, Bihar, Shri Sushil Kumar Modi to the
representatives of HCCB Patna unit, at a state level function organized by the Bihar
State Pollution Control Board on the occasion of World Environment Day on 05 th
June 2013, at Indira Gandhi Planetarium Complex, Patna.
NO CHARGES EXIST
FOR THE COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
60 |
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.