MIRA
INFORM REPORT
|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
PROCTER AND GAMBLE HOME PRODUCTS LIMITED (w.e.f. 10.04.1997) |
|
|
|
|
Formerly Known
As : |
PERSONAL CARE PRODUCTS LIMITED (w.e.f.17.08.1993) PERSONAL CARE PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
P and G Plaza, Cardinal Gracias Road, Chakala, Andheri (East), Mumbai
- 400099, Maharashtra |
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
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|
Date of
Incorporation : |
19.01.1989 |
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|
Com. Reg. No.: |
11-050398 |
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Capital
Investment / Paid-up Capital : |
Rs.425.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24240MH1989PLC050398 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP10704B |
|
|
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PAN No.: [Permanent Account No.] |
AAACP4072C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacturing and selling of
branded packaged fast moving consumer goods in the fabric and home care, baby
care, skin care and hair care businesses. |
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|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 63000000 |
|
|
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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 well-established company having good track record. Company has incurred loss from its operation. However, networth of the
company is strong. It enjoys established market position and reputation. It
has huge customer base. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal for business dealing 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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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
Management Non-Cooperative (Tel No.: 91-22-28266000)
LOCATIONS
|
Registered Office : |
P and G Plaza, Cardinal Gracias Road, Chakala, Andheri (East), Mumbai
- 400 099, Maharashtra, India |
|
Tel. No.: |
91-22-28266000 / 40543618 |
|
Fax No.: |
91-22-66939696 / 66939698 |
|
E-Mail : |
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|
Website : |
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Factory 1 : |
Plot No.182, Sector A, Industrial Area, Mandideep, District Raisen –
462 010, Madhya Pradesh, India |
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|
|
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Factory 2 : |
Located At: Baddi, Himachal Pradesh, India |
DIRECTORS
As on 26.09.2013
|
Name : |
Mr. Shantanu Maharaj Khosla |
|
Designation : |
Managing Director |
|
Address : |
Gool Rukh, Ground Floor, Plot No.83, Khan Abdul Gaffar Road, Mumbai –
400 018, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1960 |
|
Qualification : |
B. Tech (Mech. Engg), MBA |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
00059877 |
|
|
|
|
Name : |
Mr. Tapan Janardan Buch |
|
Designation : |
Director |
|
Address : |
Odessey 1, Flat No.1001, 10th Floor, Hiranandani Gardens,
Powai, Mumbai – 400 076, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1972 |
|
Qualification : |
CA, CWA, CFA |
|
Date of Appointment : |
09.09.2010 |
|
DIN No.: |
02910029 |
|
|
|
|
Name : |
Kainaz Gazder Rattan |
|
Designation : |
Director |
|
Address : |
302, Evita, Hiranandani Gardens, Powai, Mumbai – 400 076, Maharashtra,
India |
|
Date of Birth/Age : |
03.03.1974 |
|
Date of Appointment : |
27.09.2012 |
|
DIN No.: |
03636804 |
MAJOR SHAREHOLDERS
As on 26.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Procter and Gamble Overseas India B.V., Netherland |
|
45646698 |
|
Procter and Gamble Far East Inc., USA |
|
1 |
|
Procter and Gamble NDP Inc., USA |
|
1 |
|
The Procter and Gamble Company, USA |
|
1 |
|
The Procter and Gamble Distribution Company Limited, USA |
|
1 |
|
The Procter and Gamble Manufacturing Company, USA |
|
1 |
|
Procter and Gamble Canada Holding B.V., Netherland |
|
1 |
|
Total |
|
45646704 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the manufacturing and selling of
branded packaged fast moving consumer goods in the fabric and home care, baby
care, skin care and hair care businesses. |
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Annual Capacity
Installed (three shift
basis) |
Actual
Production |
|
Cosmetics. Personal Products. |
Tonnes |
Not
Applicable |
2070 |
10951 |
|
Toilet Preparations, etc |
KIs |
53600 |
53600 |
25119 |
|
Soaps and Detergents |
Tonnes |
Not
Applicable |
264000 |
294637 |
NOTES
1. The installed capacities as at the year ended are as certified by the
management
2. Actual production includes production under manufacturing arrangement
with third parties
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|
|
|
|
Bankers : |
Not Divulged |
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Indiabulls Finance Centre Tower, 3/27-32 Floor, Elphistone Mill Compound,
Senapati Bapat Marg, Elphistone (West), Mumbai-400013, Maharashtra,
India |
|
PAN No.: |
AACFD4815A |
|
|
|
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Holding Company : |
·
Procter and Gamble Overseas India BV |
|
|
|
|
Ultimate Holding Company : |
·
The Procter and Gamble Company, USA |
|
|
|
|
Fellow Subsidiaries : |
·
Fameccanica Machinery (Shanghai) Company Limited ·
Fameccanica Machinery Company ·
Gillette Diversified Operations Private Limited ·
Gillette India Limited ·
Gillette Pakistan Limited ·
Modern Products Company ·
Procter and Gamble Indochina Company Limited ·
Procter and Gamble Northeast Asia Pte Limited -
Japan Br ·
Procter and Gamble (China) Sales Co., Limited. ·
Procter and Gamble Tuketim Mallari Sanayi A.S. ·
Pt Procter and Gamble Home Products Indonesia ·
Procter and Gamble Europe SA Singapore Branch ·
Procter and Gamble Hygiene and Health Care
Limited ·
The Procter and Gamble US Business Services
Company ·
Procter and Gamble Innovation Godo Kaisha ·
Procter and Gamble International Operations Pte.
Limited ·
Procter and Gamble International Operations SA ·
Procter and Gamble International Operations SA
Singapore Br. ·
Procter and Gamble International Operations SA,
Ceemea Div ·
Procter and Gamble International Operations
SA-ROHQ ·
The Procter and Gamble Manufacturing Company ·
Procter and Gamble Kabushiki Kaisha ·
Procter and Gamble Malaysia Sdn Bhd ·
Procter and Gamble Manufacturing (Thailand)
Limited ·
Procter and Gamble Manufacturing Gmbh ·
Procter and Gamble Nigeria Limited ·
The Procter and Gamble Paper Products Company ·
Procter and Gamble Services Company NV ·
Procter and Gamble Technical Centers Limited ·
Procter and Gamble Technical Centers Limited ·
Procter and Gamble Trading (Thailand) Limited ·
Procter and Gamble (Guangzhou) Limited ·
Procter and Gamble Bangladesh Private Limited ·
The Gillette Company ·
The Procter and Gamble Company ·
The Procter and Gamble Distributing LLC ·
Procter and Gamble Philippines, Inc. ·
Procter and Gamble Japan K.K. ·
Procter and Gamble Productions, Inc. ·
Wella India Hair Cosmetics Private Limited ·
Gillette Products Private Limited |
|
|
|
|
The Group Companies
of The Procter and Gamble Company USA include, among others : |
·
Procter and Gamble India Holdings BV ·
Procter and Gamble Luxembourg Global SARL ·
Procter and Gamble Canada Holding BV ·
Procter and Gamble Iron Horse Holding BV ·
Procter and Gamble International SARL ·
Procter and Gamble Overseas Canada, BV ·
Procter and Gamble Eastern Europe LLC ·
Procter and Gamble India Holdings Inc. ·
Procter and Gamble Overseas India BV ·
Procter and Gamble Nordic LLC ·
Procter and Gamble International Operations, SA ·
Procter and Gamble Asia Holding BV. ·
Procter and Gamble Global Holdings Limited · Gillette Group (Europe) Holdings, BV Rosemount BV. |
CAPITAL STRUCTURE
As on 26.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45646704 |
Equity Shares |
Rs.10/- each |
Rs.456.467 Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42581769 |
Equity Shares |
Rs.10/- each |
Rs.425.800 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 |
425.800 |
281.600 |
148.922 |
|
(b) Reserves & Surplus |
15,309.500 |
9,320.800 |
3,037.049 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
15,735.300 |
9,602.400 |
3,185.971 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
21.000 |
0.200 |
0.000 |
|
(c) Other long term liabilities |
22.700 |
16.500 |
17.637 |
|
(d) long-term provisions |
0.000 |
0.000 |
14.313 |
|
Total Non-current Liabilities (3) |
43.700 |
16.700 |
31.950 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5,398.500 |
5,821.400 |
6,124.205 |
|
(b) Trade payables |
8,074.200 |
6,652.300 |
4,757.067 |
|
(c) Other current
liabilities |
3,156.000 |
2,345.500 |
1,424.956 |
|
(d) Short-term provisions |
80.400 |
65.500 |
78.079 |
|
Total Current Liabilities (4) |
16,709.100 |
14,884.700 |
12,384.307 |
|
|
|
|
|
|
TOTAL |
32,488.100 |
24,503.800 |
15,602.228 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
14,016.200 |
8,808.500 |
5,300.384 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
4,971.200 |
5,270.800 |
2,882.391 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2,753.300 |
1,938.600 |
1,524.263 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
21,740.700 |
16,017.900 |
9,707.038 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4,568.200 |
3,794.900 |
3,191.448 |
|
(c) Trade receivables |
2,973.900 |
2,593.400 |
1,928.288 |
|
(d) Cash and cash
equivalents |
1,639.000 |
920.200 |
132.865 |
|
(e) Short-term loans and
advances |
1,441.400 |
1,134.800 |
627.606 |
|
(f) Other current assets |
124.900 |
42.600 |
14.983 |
|
Total Current Assets |
10,747.400 |
8,485.900 |
5,895.190 |
|
|
|
|
|
|
TOTAL |
32,488.100 |
24,503.800 |
15,602.228 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
48,265.300 |
39,303.900 |
28527.385 |
|
|
|
|
Other Income |
194.300 |
210.300 |
107.257 |
|
|
|
|
TOTAL (A) |
48,459.600 |
39,514.200 |
28,634.642 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
24,533.400 |
18,045.100 |
11739.379 |
|
|
|
|
Purchase of Stock-in-trade |
2,061.400 |
3,479.200 |
3826.149 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(594.800) |
(220.800) |
(576.195) |
|
|
|
|
Employee Benefits Expenses |
2,542.100 |
2,195.100 |
1500.306 |
|
|
|
|
Other Expenses |
22,830.600 |
18,247.900 |
14747.472 |
|
|
|
|
TOTAL (B) |
51,372.700 |
41,746.500 |
31,237.111 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(2,913.100) |
(2,232.300) |
(2,602.469) |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
641.700 |
576.600 |
380.287 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(3,554.800) |
(2,808.900) |
(2,982.756) |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1,260.400 |
724.600 |
532.441 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(4,815.200) |
(3,533.500) |
(3,515.197) |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
157.600 |
0.000 |
(179.418 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(4,972.800) |
(3,533.500) |
(3,335.779) |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(3742.900) |
(191.400) |
3144.379 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
(8697.700) |
(3742.900) |
(191.400) |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Research & Development and other cross recovery |
0.000 |
0.000 |
175.552 |
|
|
|
|
Exports of goods
calculated on F.O.B. basis |
91.000 |
83.700 |
68.431 |
|
|
|
|
Others |
155.900 |
204.300 |
3.342 |
|
|
|
TOTAL EARNINGS |
246.900 |
288.000 |
247.325 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
4871.500 |
2712.500 |
1702.339 |
|
|
|
|
Packing Materials |
0.000 |
0.000 |
184.668 |
|
|
|
|
Spare Parts |
108.200 |
99.400 |
208.341 |
|
|
|
|
Capital Goods |
1993.200 |
2259.400 |
809.372 |
|
|
|
TOTAL IMPORTS |
6972.900 |
5071.300 |
2904.720 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
(149.37) |
(161.68) |
(272.11) |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(10.26) |
(8.94) |
(11.65) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.98) |
(8.99) |
(12.32) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(17.50) |
(18.37) |
(27.64) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.31) |
(0.37) |
(1.10) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.34 |
0.61 |
1.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64 |
0.57 |
0.48 |
|
|
|
|
|
|
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 |
148.922 |
281.600 |
425.800 |
|
Reserves & Surplus |
3037.049 |
9320.800 |
15309.500 |
|
Net
worth |
3185.971 |
9602.400 |
15735.300 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
6124.205 |
5821.400 |
5398.500 |
|
Total
borrowings |
6124.205 |
5821.400 |
5398.500 |
|
Debt/Equity
ratio |
1.922 |
0.606 |
0.343 |
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 |
28,527.385 |
39,303.900 |
48,265.300 |
|
|
|
37.776 |
22.800 |
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
|
28,527.385 |
39,303.900 |
48,265.300 |
|
Profit |
(3,335.779) |
(3,533.500) |
(4,972.800) |
|
|
(11.69%) |
(8.99%) |
(10.30%) |
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Loans from related parties |
5,398.500 |
5,821.400 |
|
Total |
5,398.500 |
5,821.400 |
Note: The
Company has not defaulted in repayment of Loans and Interest as at the year
end.
CORPORATE INFORMATION
The Company is a public company incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing and selling of branded packaged fast moving consumer goods in the fabric and home care, baby care, skin care and hair care businesses. The company's products are sold through retail operations including mass merchandisers, grocery stores, membership club stores, drug stores, department stores, and high frequency stores. The Company has its manufacturing locations at Mandideep, Madhya Pradesh and Baddi - Himachal Pradesh, apart from third party manufacturing locations spread across India.
PERFORMANCE:
During the Financial
Year, sales at Rs.48100.000 Millions were up by 24 % against sales of
Rs.39060.000 Millions of the previous Financial Year, driven by broad based
growth in all categories especially by Baby Care and Fabric and Home Care. Loss
Before Tax (LBT) is Rs.4970.000 Millions as compared to a LBT of Rs.3530.000
Millions for the previous Financial Year. Margins were largely flat for the
Company as improvement in most categories was offset by investment in
advertising and promotion to meet competitive reaction. They priced up to
recover devaluation and commodity cost hurts, and maintained a strict vigil on
all expenses.
NOTE: 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.60.17 |
|
UK Pound |
1 |
Rs.99.39 |
|
Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
53 |
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.