MIRA INFORM REPORT
|
Report No. : |
320202 |
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Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARLE AGRO PRIVATE LIMITED (w.e.f.16.04.2001) |
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Formerly Known
As : |
PARLE AGRO LIMITED |
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Registered
Office : |
Western Express Highway, Andheri (East), Mumbai - 400099, Maharashtra |
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Tel. No.: |
91-22-67348000 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.12.1985 |
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Com. Reg. No.: |
11-038459 |
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Capital
Investment / Paid-up Capital : |
Rs. 82.000
Million |
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CIN No.: [Company Identification
No.] |
U15130MH1985PTC038459 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19663A |
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PAN No.: [Permanent Account No.] |
AAACP8416G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Distributor of Fruit Beverages, Packaged Drinking Water, PET Preforms, Caps, Handles, Confectionery and Snacks Food Items. |
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No. of Employees
: |
3000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is a well-established company having satisfactory track
record. The company is incurring continuous losses from its two years of
operations however reserves position of the company is sound. General
financial position is good. The rating also takes into consideration company established market
position and brand image. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view of experience promoters, the company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sunil Nair |
|
Designation : |
DGM |
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Contact No.: |
91-22-67348000 |
|
Date : |
28.04.2015 |
LOCATIONS
|
Registered / Head / Corporate Office : |
Western Express Highway, Andheri (East), Mumbai – 400099, Maharashtra,
India |
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Tel. No.: |
91-22-67348000 |
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Fax No.: |
91-22-66935050 |
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E-Mail : |
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Website: |
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Factories : |
Located at: Beverages [Own] · Ghaziabad · Varanasi · Bhopal · Patalganga · Hyderabad · Khordha · Chennai Beverages
[Franchise] · Ambala · Alwar · Nepal · Ranchi · Kolkata · Guwahati Bailley [Franchise] · Ambala · Haryana · Noida · Lucknow · Jaipur · Kathmandu · Gandhinagar · Ahmedabad · Mumbai · Patalganga · Solapur · Goa · Yavatmal · Hyderabad · Bengaluru · Chitoor · Chennai · Aluva · Tamil Nadu · Bhubaneswar · Kolkata · Ranchi · Guwahati Snacks · Rudrapur · Delhi · Vatwa, Ahmedabad ·
Hydrabad |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Prakash Jayantilal Chauhan |
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Designation : |
Whole Time Director |
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Address : |
Shanti Kunj, 47 Tejpal Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India |
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Date of Birth/Age : |
16.12.1946 |
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Qualification : |
Electron Technology Programme – RCA Institute (USA) BSC. in Business Administration – Boston University USA |
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Date of Appointment : |
26.12.1985 |
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PAN No. : |
AAIPC2975J |
|
00078739 |
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Name : |
Mrs. Schauna Chauhan Bikramjeet Saluja |
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Designation : |
Whole Time Director |
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Address : |
2901, A Wing, 29th Floor, Oberoi Sky Heights, Lokhandwala, Andheri (West), Mumbai - 400052, Maharashtra, India |
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Date of Birth/Age : |
02.08.1976 |
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Qualification : |
BBA International Management in Business School of Lausanne, Switzerland |
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Date of Appointment : |
30.09.1999 |
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PAN No. : |
ADBPC2995C |
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DIN No.: |
00078965 |
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Name : |
Mrs. Alisha Chauhan Riyhad Kundanmal |
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Designation : |
Director |
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Address : |
1401/ 1402, Hicons Classic, CTS F/ 125, New Galita, TPS IV, 21st Road, Khar (West), Mumbai – 400052, Maharashtra, India |
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Date of Birth/Age : |
14.09.1978 |
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Qualification : |
Bachelor of Commerce, Bachelor of Economics, BBA |
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Date of Appointment : |
15.09.2010 |
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PAN No. : |
AERPC6469G |
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DIN No.: |
00079033 |
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Name : |
Mrs. Nadia Chauhan Kurup |
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Designation : |
Managing Director |
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Address : |
Anand, 13th Floor, Plot, No.424, Chitrkar Dhurandhar Marg, Khar (West), Mumbai - 400052, Maharashtra, India. |
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Date of Birth/Age : |
08.01.1986 |
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Qualification : |
Bachelor of Commerce |
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Date of Appointment : |
24.02.2009 |
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PAN No. : |
AEVPC0282P |
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DIN No.: |
00850166 |
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Name : |
Mr. Chandraprakash Dilbahadur Sood |
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Designation : |
Director |
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Address : |
Plot No.110, Flat No.9, Uma Kunj, Behind Pratap Society, Four Bunglows, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
16.07.1957 |
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Date of Appointment : |
28.09.2007 |
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PAN No. : |
AAOPS7138R |
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DIN No.: |
01214816 |
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|
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Name : |
Mr. Ashok Purshottam Bhave |
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Designation : |
Director and Head Technical |
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Address : |
27-C, Prem Varsha Parsiwada, Sahar Road, Andheri (East), Mumbai - 400099, Maharashtra, India |
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Date of Birth/Age : |
05.10.1948 |
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Qualification : |
M.E., Ministry of Transport |
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Date of Appointment : |
30.09.2009 |
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PAN No. : |
ABPPB0380A |
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DIN No.: |
02480658 |
KEY EXECUTIVES
|
Name : |
Schauna Chauhan Saluja |
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Designation : |
Chief Executive Officer |
|
Address : |
2901, A Wing, 29th Floor, Oberoi Sky Heights, Lokhandwala
Complex, Andheri (West), Mumbai - 400053, Maharashtra, India |
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Date of Birth/Age : |
02.08.1976 |
|
Qualification : |
Bachelors Degree in International Management (BBA) specializing in International Business Management from the Business School Lausanne Switzerland |
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Date of Appointment : |
01.04.2014 |
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PAN No.: |
ADBPC2995C |
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Name : |
Rajendra Kumar |
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Designation : |
Chief Financial Officer |
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Address : |
313/314, Raheja Crest 2, Off New Link Road, Andheri (West), Mumbai -
400053, Maharashtra, India |
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Date of Birth/Age : |
09.05.1963 |
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Date of Appointment : |
01.04.2014 |
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PAN No.: |
ATEPK9708L |
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Name : |
Prakash Jayantilal Chauhan |
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Designation : |
Executive Chairman |
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Qualification : |
B.Sc, Business Administration from Boston University, Massachusetts, USA, Electronics Technology Program from the Radio Corporation of America (RCA) Institute |
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Age : |
67 Years |
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|
Name : |
Mr. Sunil Nair |
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Designation : |
DGM |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Prakash Jayahntilal Chauhan |
|
818000 |
|
Schauhna Chauhan Bikramjeet Saluja |
|
1000 |
|
Alisha Chauhan Riyhad Kundanmal |
|
1000 |
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Total |
|
820000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Distributor of Fruit Beverages, Packaged Drinking Water, PET Preforms, Caps, Handles, Confectionery and Snacks Food Items. |
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Products / Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, Cheque and Credit |
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Purchasing : |
Advance Payment, Cheque and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
3000 (Approximately) |
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Bankers : |
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Facilities : |
NOTE : LONG-TERM
BORROWINGS Term loans from banks were taken during the financial year 2013-14 and carry interest @ 12.25% p.a. The loans are repayable in 12 quarterly installments of Rs. 250.00 lakhs each commencing from 27.06.2014 (to be fully paid off on 27.03.17) These are secured against hypothecation of stock and debts & plant and machinery of Varanasi Plant. SHORT-TERM
BORROWINGS Cash Credit & Short term loan being Working Capital Demand Loan (WCDL) from bank are secured against pledge of Stock and Book Debts. The WCDL is repayable on demand and carries interest @ 10.55% to 12.5% p.a. |
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Financial Institution : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells, Chartered Accountants |
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Address : |
Tower 3, 27th – 32nd Floor,
Indiabulls Finance Centre, Elphinstone Mills Compound, Senapati Bapat Marg,
Elphinstone (West), Mumbai – 400013 Maharashtra, India |
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PAN No.: |
AACFD4815A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives |
·
Creativeland Asia Private Limited
[U92100MH2007PTC171741] ·
Creativeland Pictures Private Limited
[U74940MH2010PTC199477] ·
Creativeland Advertising Private Limited
[U74990MH2009PTC194432] |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
820000 |
Equity Shares |
Rs.100/-
each |
Rs.82.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
82.000 |
82.000 |
82.000 |
|
(b) Reserves & Surplus |
2866.841 |
2870.914 |
3080.347 |
|
(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) |
2948.841 |
2952.914 |
3162.347 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
414.600 |
948.433 |
31.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
160.271 |
133.449 |
56.498 |
|
Total Non-current
Liabilities (3) |
574.871 |
1081.882 |
87.498 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
608.736 |
1507.361 |
263.798 |
|
(b) Trade
payables |
854.528 |
1173.313 |
814.805 |
|
(c) Other
current liabilities |
410.226 |
463.426 |
374.691 |
|
(d) Short-term
provisions |
48.639 |
14.064 |
48.062 |
|
Total Current
Liabilities (4) |
1922.129 |
3158.164 |
1501.356 |
|
|
|
|
|
|
TOTAL |
5445.841 |
7192.960 |
4751.201 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2587.282 |
1893.687 |
1682.581 |
|
(ii)
Intangible Assets |
21.662 |
17.012 |
12.983 |
|
(iii)
Capital work-in-progress |
32.060 |
735.354 |
110.186 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
15.418 |
16.222 |
731.065 |
|
(c) Deferred tax assets (net) |
71.212 |
86.770 |
91.887 |
|
(d) Long-term Loan and Advances |
369.528 |
497.895 |
312.959 |
|
(e) Other
Non-current assets |
12.888 |
11.442 |
11.224 |
|
Total Non-Current
Assets |
3110.050 |
3258.382 |
2952.885 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
1512.661 |
0.000 |
|
(b)
Inventories |
1916.879 |
1862.924 |
1350.508 |
|
(c) Trade
receivables |
212.155 |
259.101 |
205.487 |
|
(d) Cash
and cash equivalents |
24.700 |
70.864 |
50.359 |
|
(e) Short-term
loans and advances |
175.757 |
225.027 |
188.009 |
|
(f) Other
current assets |
6.300 |
4.001 |
3.953 |
|
Total
Current Assets |
2335.791 |
3934.578 |
1798.316 |
|
|
|
|
|
|
TOTAL |
5445.841 |
7192.960 |
4751.201 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10006.287 |
9408.227 |
7904.530 |
|
|
|
Other Income |
|
46.359 |
147.974 |
|
|
|
TOTAL (A) |
10006.287 |
9454.586 |
8052.504 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
9226.732 |
9180.113 |
7309.791 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
779.555 |
274.473 |
742.713 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
157.762 |
105.573 |
93.797 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
621.793 |
168.900 |
648.916 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
595.816 |
372.223 |
367.134 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
25.977 |
(203.323) |
281.782 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
32.550 |
6.110 |
8.448 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(6.573) |
(209.433) |
273.334 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1250.312 |
1459.745 |
1186.411 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1243.739 |
1250.312 |
1459.745 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
280.534 |
225.924 |
282.288 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw and packing materials |
85.829 |
118.760 |
94.124 |
|
|
|
Components and Spare Parts |
15.539 |
8.557 |
14.538 |
|
|
|
Capital Goods |
38.210 |
198.577 |
31.209 |
|
|
TOTAL IMPORTS |
139.578 |
325.894 |
139.871 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(8.02) |
(225.41) |
6530.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
(0.07) |
(2.23) |
3.46 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
7.79 |
2.92 |
9.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.49 |
(3.20) |
7.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
(0.07) |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.35 |
0.83 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.25 |
1.20 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
82.000 |
82.000 |
82.000 |
|
Reserves & Surplus |
3080.347 |
2870.914 |
2866.841 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
3162.347 |
2952.914 |
2948.841 |
|
|
|
|
|
|
long-term borrowings |
31.000 |
948.433 |
414.600 |
|
Short term borrowings |
263.798 |
1507.361 |
608.736 |
|
Total borrowings |
294.798 |
2455.794 |
1023.336 |
|
Debt/Equity ratio |
0.093 |
0.832 |
0.347 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
8052.504 |
9454.586 |
10006.287 |
|
|
|
17.412 |
5.835 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
8052.504 |
9454.586 |
10006.287 |
|
Profit |
273.334 |
(209.433) |
(6.573) |
|
|
3.39% |
(2.22%) |
(0.07%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
100.000 |
105.167 |
97.100 |
|
|
|
|
|
|
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 |
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 |
LITIGATION DETAILS
|
Case Details Bench:- Bombay |
|||||||
|
Presentation Date: 20.09.2014 |
|||||||
|
Lodging No. : |
STRL/40/2014 |
Filing Date:- |
20.09.2014 |
Reg. No.: |
STR/51/2014 |
Reg. Date : |
18.11.2014 |
|
Petitioner:- |
THE COMMISSIONER OF SALES TAX |
Respondent:- |
PARLE AGRO PRIVATE LIMITED |
||||
|
Petn.Adv:- |
GOVERNMENT PLEADER ORIGINAL SIDE |
||||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
DIVISION |
|
|
||||
|
Status:- |
Pre-Admission |
Category:- |
SALES TAX APPLICATION |
||||
|
|
|
|
|
||||
|
Act. : |
Sales tax Act 1979 |
|
|||||
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
214.600 |
132.600 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
49.669 |
100.000 |
|
Deposits |
0.000 |
0.000 |
|
Loans and advances from related parties |
7.019 |
16.224 |
|
|
|
|
|
Total |
271.288 |
248.824 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
a) Liability in respect of letter of credit discounted
with banks |
27.993 |
11.515 |
|
b) Disputed income tax liability (including interest
thereon) |
54.324 |
53.878 |
|
c) Disputed sales tax liability |
4.439 |
2.746 |
|
d) Disputed excise duty |
0.000 |
0.000 |
|
Future cash outflows in respect of above matters are determinable only on receipt of judgments/decisions pending at various forums/authorities. |
16.393 |
16.393 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10521630 |
26/08/2014 |
275,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C22106462 |
|
2 |
10521632 |
26/08/2014 |
200,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C22107742 |
|
3 |
10477539 |
18/01/2014 |
250,000,000.00 |
THE FEDERAL BANK LTD |
CORPORATE BANKING BRANCH, EXPRESS TOWERS, GROUND |
B96344205 |
|
4 |
10428938 |
03/05/2013 |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B76208479 |
|
5 |
10145416 |
16/01/2009 |
53,765,056.00 |
TETRA-PAK INDIA PRIVATE LIMITED |
MAYFAIR TOWERS,GROUND FLOOR,WAKDEWADI,, SHIVAJINA |
A57785628 |
|
6 |
10145417 |
16/01/2009 |
49,697,438.00 |
TETRA-PAK INDIA PRIVATE LIMITED |
MAYFAIR TOWERS,GROUND FLOOR,WAKDEWADI,, SHIVAJINA |
A57786725 |
|
7 |
10093570 |
20/03/2013 * |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B74386830 |
|
8 |
10022858 |
13/10/2006 |
23,890,863.00 |
TETRA-PAK INDIA PRIVATE LIMITED |
MAYFAIR TOWERS,GROUND FLOOR,WAKDEWADI,, SHIVAJINA |
A05582309 |
|
9 |
90187032 |
03/12/2003 |
3,168,745.00 |
PARLE AGRO PVT LTD. |
WESTERN EXPRESS HIGH WAY, ANDHERI, MUMBAI, MAHARA |
- |
|
10 |
90186963 |
30/11/2002 |
1,600,000.00 |
PARLE AGRO PVT LTD. |
WESTERN EXPRESS HIGH WAY, ANDHERI, MUMBAI, MAHARA |
- |
* Date of charge modification
OPERATION RESULTS AND
BUSINESS
The Company continues to see an increase in growth in the Financial Year 2014-15 across all markets driven by good performance across all business segments due to a lower impact of seasonality in the beverage business of the Company. During the financial year 2013-14, the Company has ventured into the traditional Indian Snack market with Hippo Namkeens. Hippo Namkeens is a range that consists of a mix of spicy and salty Indian treats along in the most authentic Indian taste. Hippo Namkeens are available in eight delicious variants such as Aloo Bhujia, Sev Bhujia, Moong Dal, Masala Peanuts, Khatta Meetha, Navratan Mixture, Tikha Mixture, Chana Dal.
FIXED ASSETS
· Land
· Buildings
· Factory building
· Plant and equipment
· Factory equipments
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other equipments
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. 63.33 |
|
|
1 |
Rs. 96.52 |
|
Euro |
1 |
Rs. 68.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
48 |
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.