MIRA
INFORM REPORT
|
Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
PERNOD RICARD INDIA PRIVATE LIMITED (w.e.f. 23.04.2007) |
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|
|
|
Formerly Known As : |
SEAGRAM INDIA PRIVATE LIMITED (w.e.f. 02.11.2001) SEAGRAM INDIA LIMITED (w.e.f. 01.10.1997) SEAGRAM INDIA PRIVATE LIMITED |
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Registered Office : |
104, Ashoka Estate, Barakhamba Road, 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 : |
03.09.1993 |
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Com. Reg. No.: |
55-055062 |
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CIN No.: [Company
Identification No.] |
U74899DL1993PTC055062 |
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Capital
Investment / Paid-up Capital : |
Rs.473.540
millions |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELS11074A |
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|
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PAN No.: [Permanent
Account No.] |
AAACS4781P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in the
manufacture and sale of Indian Made Foreign Liquor and other alcoholic
products including wine and also in business of trading of international brands
of liquor. |
|
|
|
|
No. of Employees : |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 25944000 |
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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 fine track record. The rating
reflects healthy financial risk profile marked by adequate liquidity position
and decent profitability of the company. Trade relations
are reported as fair. Business is active. Payments are reported to be regular
and as per commitments. 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.2,453.2 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.
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 PARTED BY
|
Name : |
Mr. Hari |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-124-4065001 |
|
Date : |
08.05.2014 |
LOCATIONS
|
Registered Office : |
104, Ashoka Estate, Barakhamba Road, New Delhi
– 110 001, India |
|
Tel. No.: |
91-11-2614 6609 |
|
Fax No.: |
Not Available |
|
Email : |
suryakant.mishra@pernod-ricars-india.com |
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Website : |
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|
Location : |
Owned |
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Locality : |
Commercial |
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Head Office : |
Building No.8A, 4th Floor, DLF Cyber City, DLF Phase II, Gurgaon – 122 002, Haryana, India |
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Tel. No.: |
91-124-4065001-8/ 2358001-8 |
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Fax No.: |
91-124-2358001/
2357624/ 4256495 |
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Corporate
Office : |
Tower A, 5th Floor, Global Business Park,
Mehrauli Gurgaon Road, Gurgaon – 122 002 Haryana, India |
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Tel. No.: |
91-124-2358001 to 8/ |
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Fax No.: |
91-124-2357624/ 2358067 |
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Factory : |
There are 14 factories all over India some of them are · Behror in Rajasthan · Daurala in Uttar Pradesh · Nashik in Maharashtra · Derabassi in Punjab |
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Branch Office
: |
Located at: · Hyderabad · Kolkata · Gurgaon · Mumbai ·
Lucknow |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Mohit Lal |
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Designation : |
Managing Director |
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Address : |
55, Munirka Enclave, New Delhi – 110 067, India |
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Date of
Birth/Age : |
10.04.1964 |
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Qualification : |
CA |
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Date of
Appointment : |
30.09.2011 |
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DIN No.: |
00074290 |
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PAN No.: |
ABAPL4195N |
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Other Directorship:
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Name : |
Mr. Pitchumani Sriram |
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Designation : |
Director |
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Address : |
E-91, Richmond Park, DLF
Phase-IV, Gurgaon – 122 002, Haryana, India |
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Date of
Birth/Age : |
09.04.1960 |
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Qualification : |
B.
Tech |
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Date of Appointment
: |
30.09.2011 |
|||||||||||||||||||||||||||
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DIN No.: |
03557422 |
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PAN No.: |
AQLPS6831L |
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Other Directorship:
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|
Name : |
Mr. Sumeet Lamba |
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Designation : |
Director |
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Address : |
E-103, Greater
Kailash-II, New Delhi – 110 048, India |
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Date of
Birth/Age : |
23.09.1961 |
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Qualification : |
MBA |
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Date of
Appointment : |
30.09.2011 |
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DIN No.: |
00074484 |
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PAN No.: |
ABEPL7477K |
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Other Directorship:
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Name : |
Mr. Rakesh Vasishta |
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Designation : |
Director |
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Address : |
G-82, Naraina Vihar, New
Delhi – 110 028, India |
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Date of
Birth/Age : |
23.11.1958 |
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Qualification : |
Graduate/PGD-MSM |
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Date of Appointment
: |
30.09.2011 |
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DIN No.: |
00387216 |
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PAN No.: |
AAEPV8232B |
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Other Directorship:
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|||||||||||||||||||||||||||
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Name : |
Mr. Govindan Gopi Nambiar |
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Designation : |
Director |
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Address : |
C-091, The Icon, DLF City, Phase-V, Gurgaon – 122 002, Haryana, India |
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Date of
Birth/Age : |
31.05.1955 |
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Qualification : |
MBA |
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Date of
Appointment : |
30.12.2006 |
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DIN No.: |
01058393 |
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PAN No.: |
AABPN6283D |
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Name : |
Mr. Chetan Bipin Kumria |
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Designation : |
Additional Director |
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Address : |
F-301, BPTP Freedom Park Life, Sector-57, Gurgaon – 122 003, Haryana,
India |
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Date of
Birth/Age : |
11.09.1976 |
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Date of
Appointment : |
05.11.2013 |
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DIN No.: |
06746639 |
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E-Mail : |
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KEY EXECUTIVES
|
Name : |
Mr. Pradeep Agarwala |
|
Designation : |
Company Secretary and VP - Corporate Services |
|
Address : |
H-202, Somvihar Apartments, R.K. Puram, New Delhi – 110 022, India |
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Date of Birth/Age : |
17.03.1956 |
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Date of Appointment : |
13.01.2004 |
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PAN No.: |
AADPA0041L |
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|
Name : |
Mr. Hari |
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Designation : |
Accounts Executive |
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|
Name : |
Bikram
Basu |
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Designation : |
Vice
President - Marketing |
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|
Name : |
Rajiv
Chauhan |
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Designation : |
VP-Legal |
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|
Name : |
Mukesh
Narain |
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Designation : |
AVP
- Purchase |
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|
Name : |
Steven
Geoffrey Lister |
|
Designation : |
EVP
- Finance |
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|
Name : |
Deepak
Katty |
|
Designation : |
Head
- Sales Development |
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|
Name : |
Jagbir
S. Sidhu |
|
Designation : |
VP
- Operations |
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|
Name : |
Prathmesh
Mishra |
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Designation : |
VP
- Operations |
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|
Name : |
Dinesh
Bakshi |
|
Designation : |
GM
- Operations |
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|
Name : |
Gaurav
Dua |
|
Designation : |
Head
- Supply Chain |
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|
Name : |
Monotosh
Das |
|
Designation : |
GM
- HR |
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|
Name : |
Rajesh
Mishra |
|
Designation : |
AVP
- Planning |
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|
Name : |
Srinivas
G. Krishna |
|
Designation : |
VP-
Operations |
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|
Name : |
Gaurav
Sabharwal |
|
Designation : |
AVP-International
Brand |
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|
Name : |
Nitin
Ghate |
|
Designation : |
Asistant
Vice President - Manufacturing |
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|
Name : |
Vineet
Khosla |
|
Designation : |
A.V.P.-
Operations (North) |
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|
Name : |
Rajesh
Pandalai |
|
Designation : |
General
Manager - Marketing |
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|
Name : |
Milind
V. Datar |
|
Designation : |
AGM
- Manufacturing |
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|
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|
Name : |
Pradeep
Roop Mathur |
|
Designation : |
AGM
- Sales |
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|
|
|
Name : |
Kamal
Jeet Suri |
|
Designation : |
Senior
Manager - Finance |
|
|
|
|
Name : |
Kartik
Mohindra |
|
Designation : |
GM
- Marketing |
|
|
|
|
Name : |
Rajeshwar
Banerji |
|
Designation : |
General
Manager - Marketing |
|
|
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|
Name : |
Dinesh
Dheer |
|
Designation : |
AGM
- Sales |
|
|
|
|
Name : |
Siddharth
Suri |
|
Designation : |
AGM
- Sales |
|
|
|
|
Name : |
Bhupinder
Singh Anand |
|
Designation : |
Chief
Information Officer |
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|
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|
Name : |
Anand
Binani |
|
Designation : |
AGM-Strategic
Planning |
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|
|
|
Name : |
Partha
Sarathi Ghosh |
|
Designation : |
Finance
Controller |
|
|
|
|
Name : |
Sandeep
Sonawane |
|
Designation : |
AGM
- Sales |
|
|
|
|
Name : |
Param
Paul Uberoi |
|
Designation : |
Ex-Director |
|
|
|
|
Name : |
Purwez
Patel |
|
Designation : |
Ex-Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Peri Mauritius, Mauritius |
|
47354396 |
|
Pernod Ricard S.A., France |
|
1 |
|
Total |
|
47354397 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the
manufacture and sale of Indian Made Foreign Liquor and other alcoholic
products including wine and also in business of trading of international brands
of liquor. |
|
|
|
|
Products : |
·
Alcoholic Beverages ·
Liquors ·
Rum ·
Vodka ·
Coffee Bean etc. |
|
|
|
|
Brand Name : |
“RICARD” |
|
|
|
|
Exports : |
|
|
Products : |
·
Finished Goods |
|
Countries : |
· Middle East · Africa ·
Gulf Countries |
|
|
|
|
Imports : |
|
|
Products : |
·
Machinery |
|
Countries : |
·
Scotland |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS [AS ON 31.03.2011]:
|
Particulars |
Unit |
Licensed
Capacity* |
Installed
Capacity* |
Actual
Production |
|
Indian Made Foreign
Liquor |
Kilo
Alcoholic Litre |
33,368 |
46,571 |
20,222** |
|
GNS/ Malt Spirit |
Kilo
Litre |
13,750 |
13,750 |
12,934 |
|
Wine |
Kilo
Alcoholic Litre |
N.A. |
578 |
69 |
*As certified by the
Management.
**It does not include
production of 53,552 Alcoholic kilo litre produced under sub license duly
endorsed by respective State Government, in leased units owned and operated by
respective licensors
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
450 (Approximately) |
|
|
|
|
Bankers : |
·
ABN Amro Bank ·
Bank of Maharashtra ·
Barclays Bank ·
BNP Paribas ·
Deutsche Bank ·
HDFC Bank Limited ·
ICICI Bank Limited ·
ING Vysya Bank ·
State Bank of India ·
State Bank of Hyderabad ·
State Bank of Patiala ·
Punjab National Bank ·
The Hongkong and Shanghai Banking Corporation
Limited, 15, Kasturba Gandhi Marg, New Delhi – 110 001, India ·
Citi Bank N.A., Jeevan Vihar,, Parliament Street,
New Delhi – 110 001, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building
No.10, Tower B, DLF Cyber City Complex, DLF Phase II, Gurgaon – 122 002,
Haryana, India |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Holding Company: |
·
Peri Mauritius, Mauritius ·
Peri Mauritius (Branch at Gulf), United Arab Emirates |
|
|
|
|
Ultimate Holding Company: |
·
Pernod Ricard, S.A, France |
|
|
|
|
Other Related Parties : |
·
Chivas Brothers Limited, United Kingdom ·
Irish Distillers Pernod Ricard Limited, Ireland ·
Pernod Ricard Hongkong Limited, Hong Kong ·
The Absolut Company, Sweden ·
Pernod Ricard Singapore Pte Limited, Singapore ·
Premium Wine Brands Pty Limited, Australia ·
Pernod Ricard Thailand Limited, Thailand ·
Pernod Ricard Japan ·
Pernod Ricard Korea Limited, Republic of Korea ·
Pernod Ricard Malaysia sdn Bhd, Malaysia ·
Pernod Ricard Philippines ·
Pernod Ricard Taiwan Limited, Taiwan ·
Martell Mumm Perrier Jouet, France ·
Pernod Ricard SA Pty Limited, South Africa ·
Wyborowa S.A, South Africa ·
Pernod Ricard Europe ·
Pernod Ricard South Asia Limited, Hong Kong ·
Pernod Ricard Espana S.A, Spain ·
G H Mumm and Cie, France ·
Havana Club International S.A., Cuba ·
Pernod Ricard USA ·
Pernod Ricard India Employees Provident Fund, India ·
Pernod Ricard India Employees Superannuation Fund, India ·
Seagram (I) Emp. Group Gratuity Fund, India ·
Seagram One Rupee Fund, India |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
75000000 |
Equity Shares |
Rs.10/- each |
Rs.750.000 millions |
|
250000 |
Preference Shares |
Rs.1000/- each |
Rs.250.000 millions |
|
|
Total
|
|
Rs.1000.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
47354397 |
Equity Shares |
Rs.10/- each
|
Rs.473.540
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 |
473.540 |
473.540 |
473.540 |
|
(b) Reserves & Surplus |
6012.530 |
5843.050 |
5452.970 |
|
(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) |
6486.070 |
6316.590 |
5926.510 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
86.300 |
86.300 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
37.190 |
29.900 |
21.860 |
|
(d) Long-term
provisions |
319.170 |
209.610 |
162.460 |
|
Total Non-current
Liabilities (3) |
442.660 |
325.810 |
184.320 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
5437.680 |
4888.610 |
3973.580 |
|
(c)
Other current liabilities |
8566.340 |
8189.770 |
6963.090 |
|
(d) Short-term
provisions |
8592.120 |
6869.550 |
1078.320 |
|
Total Current
Liabilities (4) |
22596.140 |
19947.930 |
12014.990 |
|
|
|
|
|
|
TOTAL |
29524.870 |
26590.330 |
18125.820 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
916.170 |
872.700 |
796.610 |
|
(ii)
Intangible Assets |
95.590 |
36.230 |
18.680 |
|
(iii)
Capital work-in-progress |
26.670 |
17.300 |
18.210 |
|
(iv) Intangible assets under development or
work-in-progress |
90.080 |
74.210 |
27.240 |
|
(b) Non-current Investments |
0.000 |
0.240 |
0.360 |
|
(c) Deferred tax assets (net) |
1475.780 |
1108.110 |
1513.480 |
|
(d) Long-term Loan and Advances |
571.180 |
666.100 |
484.480 |
|
(e) Other
Non-current assets |
33.420 |
17.850 |
0.060 |
|
Total Non-Current
Assets |
3208.890 |
2792.740 |
2859.120 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3685.600 |
2863.860 |
1988.270 |
|
(c)
Trade receivables |
10839.900 |
7677.290 |
5976.470 |
|
(d) Cash
and cash equivalents |
4242.380 |
5913.020 |
3423.070 |
|
(e) Short-term
loans and advances |
7440.940 |
7228.710 |
3800.990 |
|
(f)
Other current assets |
107.160 |
114.710 |
77.900 |
|
Total
Current Assets |
26315.980 |
23797.590 |
15266.700 |
|
|
|
|
|
|
TOTAL |
29524.870 |
26590.330 |
18125.820 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Turnover |
72164.220 |
59407.750 |
43932.150 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
10068.170 |
8818.630 |
5077.960 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3216.510 |
2892.900 |
1725.990 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
6851.660 |
5925.730 |
3351.970 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
685.170 |
592.570 |
841.230 |
|
|
BALANCE CARRIED
TO THE B/S |
3471.280 |
3986.970 |
4189.460 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
835.946 |
931.491 |
551.635 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
144.69 |
125.14 |
69.35 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
36.04
|
34.73 |
30.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.55
|
1.40 |
0.86 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.01 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.19 |
1.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
473.540 |
473.540 |
473.540 |
|
Reserves & Surplus |
5452.970 |
5843.050 |
6012.530 |
|
Net worth |
5926.510 |
6316.590 |
6486.070 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
86.300 |
86.300 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
86.300 |
86.300 |
|
Debt/Equity ratio |
0.000 |
0.014 |
0.013 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Gross Turnover |
43932.150 |
59407.750 |
72164.220 |
|
|
|
35.226 |
21.473 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Gross Turnover |
43932.150 |
59407.750 |
72164.220 |
|
Profit |
3351.970 |
5925.730 |
6851.660 |
|
|
7.63% |
9.97% |
9.49% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
20) Export / Import details (if
applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
Note:
No Charges Exist for Company.
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Deferred sales tax loan |
86.300 |
86.300 |
|
Total
|
86.300 |
86.300 |
BACKGROUND:
The Company formerly known
as Seagram India Private Limited, was incorporated in 1993. The Company is
engaged in the manufacture and sale of Indian Made Foreign Liquor and other alcoholic
products including wine. The Company is also in business of trading of
international brands of liquor.
Pernod
Ricard S.A, France, is the ultimate holding of the Company.
BUSINESS PERFORMANCE
During the year, Company’s
gross turnover increased by approximately 21% from INR 59407.750 millions to
INR 72164.220 millions this year, and earnings per share increased by over 16%
from INR 125.14 last year to INR 144.69 this year.
The profit after tax for
the period also grew by over 16% at INR 5925.730 millions as against INR
6851.660 millions in the previous year.
The Company has
consolidated its leadership position in its operating segment. Their brand
Royal Stag Deluxe Whisky has attained absolute value leadership, grossing up
maximum end consumer value in Indian Whisky segment.
All their mainstay brands
Blender’s Pride, Hundred Pipers and Imperial Blue, have registered handsome
double digit growth, ahead of the market this year.
Looking to the future, the Board
is confident that the Company’s positive business momentum will continue and
enable the Company to deliver even better results.
FIXED ASSETS:
Tangible
Assets
· Land
· Buildings
· Office Equipment
· Plant and Machinery
· Furniture and Fixtures
· Vehicles
·
Computer Equipments
·
Leasehold Improvements
Intangible
Assets
·
Computer Software
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.59.99 |
|
UK Pound |
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.