MIRA
INFORM REPORT
|
Report No. : |
306837 |
|
Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
DS LUXURY RETAIL LIMITED |
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Registered
Office : |
4828/24, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.03.2011 |
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Com. Reg. No.: |
55-216226 |
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Capital Investment
/ Paid-up Capital : |
Rs.274.500 Millions |
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|
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CIN No.: [Company Identification
No.] |
U52100DL2011PLC216226 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD12704G |
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PAN No.: [Permanent Account No.] |
AADCD7635G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company’s primary business segment is Retailing of Life Style Clothing, Eye wears, Perfumes and accessories. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 550000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is wholly owned subsidiary of Dhavampal Satyapal Limited. It has
moderate rack. The company has incurred huge accumulated losses since its inception. However, trade relations are improving. Business is active. Payment
terms are reported to be slow but correct. In view of strong holding company, subject can be considered normal
for business dealings with some cautions. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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.
LOCATIONS
|
Registered Office : |
4828/24, Prahlad Lane, Ansari Road, Daryaganj, New Delhi – 110002, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Bhuvnesh Gupta |
|
Designation : |
Director |
|
Address : |
D-78, Sector-26, Noida - 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.04.1968 |
|
Date of Appointment : |
21.03.2011 |
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DIN No.: |
00083875 |
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|
Name : |
Mr. Ritesh Kumar |
|
Designation : |
Director |
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Address : |
E-1A, Maharani Bagh, New Delhi - 110065, India |
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Date of Birth/Age : |
03.09.1982 |
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Date of Appointment : |
08.06.2011 |
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DIN No.: |
00110720 |
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|
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Name : |
Mr. Saurabh Gupta |
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Designation : |
Director |
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Address : |
43/1, Rajpur Road, Delhi - 110054, India |
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Date of Birth/Age : |
16.05.1982 |
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Date of Appointment : |
21.03.2011 |
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DIN No.: |
01952020 |
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Name : |
Mr. Mukesh Kumar Singhal |
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Designation : |
Director |
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Address : |
11-C Ashoka Apptt, 7, Rajpur Road, Civil Lines, Delhi - 110054, India |
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Date of Birth/Age : |
28.01.1957 |
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Date of Appointment : |
21.03.2011 |
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DIN No.: |
02708303 |
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|
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Name : |
Mr. Praveen Saharya |
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Designation : |
Director |
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Address : |
A-81, Sector-21, Noida - 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
21.11.1961 |
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Date of Appointment : |
01.08.2011 |
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DIN No.: |
03576044 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Kumar Singh |
|
Designation : |
Chief Finance Officer |
|
Address : |
180-A, Shakti Khand-I, Indirapuram, Ghaziabad - 201014, Uttar Pradesh,
India |
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Date of Appointment : |
26.10.2014 |
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PAN No.: |
BHZPS8152G |
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|
Name : |
Mr. Richa Sharma |
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Designation : |
Secretary |
|
Address : |
Wz-91A, Shoe Market, Uttam Nagar, New Delhi - 110059, India |
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Date of Appointment : |
01.11.2014 |
|
PAN No.: |
CAHPS5361K |
MAJOR SHAREHOLDERS
AS ON 26.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Dharampal Satyapal Limited |
21149994 |
|
Saurabh Gupta |
1 |
|
Bhuvnesh Gupta |
1 |
|
Mukesh Kumar Singhal |
1 |
|
Jayesh Dolatrai Desai |
1 |
|
Singh Negi Bharat |
1 |
|
Shukla Manoj Kumar |
1 |
|
|
|
|
Total |
21150000 |
PREFERENCE SHARES DETAILS ARE NOT AVAILABLE.
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company’s primary business segment is Retailing of Life Style Clothing, Eye wears, Perfumes and accessories. |
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Products : |
·
Life Style Clothing ·
Eye wears ·
Perfumes ·
Accessories |
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Brand Names : |
Tom Ford |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
Sandeep Surendra and Company Chartered Accountants |
|
Address : |
F11B Sector 27, Noida, Uttar Pradesh, India |
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PAN No.: |
ABGFS1766E |
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Membership : |
-- |
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Holding Company
: |
Dharampal Satyapal Limited |
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|
Fellow
Subsidiary which are/were Wholly-owned Subsidiary of Holding Company : |
·
Dharampal Satyapal Limited ·
Abhisar Buildwell
Private Limited ·
Avichal Buildcon
Private Limited ·
Best Broadcasting
Company Limited ·
Bharat Broadcasting
Company Limited ·
Catch Foods(India)
Limited ·
Divyansh Cement and
Infrastructure Private Limited ·
Divyansh Mining
Developers Private Limited ·
Divyansh Powergen
Private Limited ·
DS Agrarian Estates
Limited ·
DS Agri and Cattle
Farms Limited ·
DS Agronomy Limited ·
DS Arboriculture
And Farms Limited ·
DS Businesses AG ·
DS Cattle Farms
Limited ·
DS Confectioner
Limited (Formerly known as Sindhudurg Goa Luxury Hotels And Resorts Private
Limited) ·
DS Dairy and Agri
Projects Limited ·
DS Dairy Farming
Limited ·
DS Gross Dairy
Products Limited ·
DS Guinee SARL ·
DS India Agri And
Dairy Limited ·
DSL Global Pte.
Limited. ·
Hillside Mines and
Minerals Private Limited ·
Mount Mines and
Minerals Private Limited ·
Nilanchaal Cement
Private Limited ·
Prive Luxury
Limited (formerly known as DS Luxury Couture Limited) ·
Sandarbh Foods
Private Limited ( Formerly known as Sandharbh Dwellers Private Limited ) ·
Snow White Dairy
Products Limited ·
Abhijay Developers
Private Limited* ·
Avichal
Infrastructure Private Limited* ·
Best Dwellers
Private Limited* ·
Bhaumik Buildwell
Private Limited* ·
Bhaumik Shelters
Private Limited* ·
Dee Pee Kagaj Udyog
Private Limited* ·
DS Agri Estates
Private Limited* ·
DS Agrodevelopers
Private Limited* ·
DS Green Agrotech
Private Limited* ·
DS Hotels And Resorts
(India) Limited* ·
DS Realetors
Private Limited* ·
Galaxy Dwellers
Private Limited* ·
Goa Luxury Hotels
And Resorts Private Limited* ·
Hans Buildcon
Private Limited* ·
Hitech Dwellers
Private Limited * ·
Kailash Dwellers
Private Limited * ·
Lord Krishna
Dwellers Private Limited* ·
Manas Dwellers
Private Limited* ·
Nilay
Infrastructure Private Limited* ·
Precision Dwellers
Private Limited* ·
Revati Agrifarms
Private Limited * ·
Rishika
Agrodevelopers Private Limited* ·
S K R Properties
Private Limited * ·
Sabhrant Estates
Private Limited * ·
Sandarbh Buildcon
Private Limited* ·
Santati Agriestates
Private Limited * ·
Seven R Hotels
Private Limited* ·
Shape Builders
Private Limited* ·
Silverlake Realtors
Private Limited* ·
Sindhudurg Goa
Hospitality Private Limited* ·
Sindhudurg
Hospitality Private Limited* ·
Sindhudurg Luxury
Hotels And Resorts Private Limited* ·
Spiritual Dwellers
Private Limited* ·
Sunrise Dwellers
Private Limited * ·
Talish Agroestates
Private Limited* ·
Vachan Realtors
Private Limited* ·
Vihaan Agriestates
Private Limited * ·
Vintage Builders
Private Limited* ·
Vipra Realtors
Private Limited* ·
Yukti Construction
Private Limited* ·
DS Milk Product
Limited** ·
RD Educational
Institute Private Limited**** |
|
|
|
|
Fellow Subsidiary which are Subsidiary of
Holding Company : |
·
DS (Assam) Hospitality Limited (Subsidiary) ·
DS Tsukioka Luxury
Food Limited (Subsidiary) ·
Kolkatta Hotels
Limited (Subsidiary) |
|
|
|
|
Companies which were Fellow Subsidiary during the year being
Subsidiary of WOS of Holding Company : |
·
Manu Maharani Hotels Limited (Subsidiary of WOS
DS Hotels and Resorts (India) Limited)*** |
|
|
|
|
Companies which were Fellow Subsidiary during the year being
Wholly-owned Subsidiary of a WOS of Holding Company : |
·
Abhaas Construction Private Limited (WOS of DS
Green Agrotech Private Limited)*** ·
Aradhaya
Agrodevelopers Private Limited (WOS of DS Green Agrotech Private Limited)*** ·
Dhradh Developers
Private Limited (WOS of DS Green Agrotech Private Limited)*** ·
J.R Recreation
Clubs And Resorts Limited (WOS of DS Hotels and Resorts (India) Limited)*** ·
Manas Buildcon
Private Limited (WOS of DS Green Agrotech Private Limited)*** ·
Pasonda Textile
Industries Private Limited (WOS of DS Realetors Private Limited)*** ·
Spiritual Buildcon
Private Limited (WOS of DS Green Agrotech Private Limited)*** ·
Spiritual Estates
Private Limited (WOS of DS Green Agrotech Private Limited)*** ·
Unnatish
Agrodevelopers Private Limited (WOS of DS Green Agrotech Private Limited)*** ·
Vachan Developers
Private Limited (WOS of DS Green Agrotech Private Limited)*** ·
Waves Realtors
Private Limited (WOS of DS Green Agrotech Private Limited)*** |
|
|
|
|
Others : |
· J.R Recreation Clubs and Resorts Limited · Four Seasons Flavour Company · Multiplex Corporation · Manu Maharani Hotels Limited · DS Hotels & Resorts (India) Limited · Reliable Associates Private Limited · DS Green Agrotech Private Limited · Prive Luxury Limited (Earlier known as DS Luxury Couture Limited) · Best Broadcasting Company Limited · Bharat Broadcasting Company Limited · DS(Assam) Hospitality Limited · Kolkatta Hotels Limited · Seven R Hotels Private Limited · DS Group Hospitality Private Limited · GJFragrances & Aromatics Private Limited · Tanishq Estates Private Limited · Swastik Udyog |
|
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|
* Ceased to be Fellow Subsidiary Company of reporting Company as per
Demerger order of Hon?ble High Court of Delhi dated 11.12.2013 with Appointed
Date 01.04.2013 and Effective Date 28.02.2014. ** Ceased to be Fellow Subsidiary Company of reporting Company as the
Company Merged with Dharampal Satyapal Limited vide order of Hon’ble High
Court of Delhi dated 11.12.2013 with Appointed Date 01.04.2013 and Effective
Date 28.02.2014. *** Ceased to be Fellow Subsidiary Company of reporting Company on
the ground that their respective Holding Companies i.e. DS Hotels and Resorts
(India) Limited/ DS Green Agrotech Private Limited / DS Realetors Private
Limited ceased to be Subsidiary of Dharampal Satyapal Limited as per Demerger
order of Hon’ble High Court of Delhi dated 11.12.2013 with Appointed Date 01.04.2013 and Effective Date 28.02.2014. **** Ceased to be Fellow subsidiary Company of reporting Company
w.e.f. 20.05.2013 |
CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
10000000 |
Preference Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.400.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21150000 |
Equity Shares |
Rs.10/- each |
Rs.211.500 Millions |
|
8650000 |
Preference Shares |
Rs.10/- each |
Rs.86.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.298.000
Millions |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 Millions |
|
10000000 |
Preference Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.400.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18800000 |
Equity Shares |
Rs.10/- each |
Rs.188.000 Millions |
|
8650000 |
Preference Shares |
Rs.10/- each |
Rs.86.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.274.500
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
274.500 |
188.000 |
152.500 |
|
(b) Reserves & Surplus |
(95.862) |
(74.586) |
(44.230) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
13.500 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
192.138 |
113.414 |
108.270 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
10.000 |
20.000 |
|
(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 |
0.276 |
0.282 |
0.167 |
|
Total Non-current Liabilities (3) |
0.276 |
10.282 |
20.167 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
50.000 |
50.076 |
50.224 |
|
(b) Trade payables |
0.003 |
5.065 |
2.993 |
|
(c) Other current
liabilities |
28.140 |
17.036 |
24.691 |
|
(d) Short-term provisions |
0.042 |
0.020 |
0.012 |
|
Total Current Liabilities (4) |
78.185 |
72.197 |
77.920 |
|
|
|
|
|
|
TOTAL |
270.599 |
195.893 |
206.357 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
39.843 |
44.966 |
51.705 |
|
(ii) Intangible Assets |
0.167 |
0.279 |
0.436 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
3.599 |
2.730 |
1.524 |
|
(d) Long-term Loan and Advances |
13.784 |
13.052 |
10.771 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
57.393 |
61.027 |
64.436 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
193.838 |
129.059 |
76.629 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
14.623 |
2.871 |
53.507 |
|
(e) Short-term loans and
advances |
4.126 |
2.358 |
11.785 |
|
(f) Other current assets |
0.619 |
0.578 |
0.000 |
|
Total Current Assets |
213.206 |
134.866 |
141.921 |
|
|
|
|
|
|
TOTAL |
270.599 |
195.893 |
206.357 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
140.966 |
108.534 |
73.815 |
|
|
|
|
Other Income |
2.341 |
1.705 |
0.004 |
|
|
|
|
TOTAL (A) |
143.307 |
110.239 |
73.819 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
138.998 |
109.498 |
115.846 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(64.779) |
(52.430) |
(76.629) |
|
|
|
|
Employee Benefits Expenses |
13.559 |
13.229 |
12.698 |
|
|
|
|
Other Expenses |
61.460 |
52.867 |
55.341 |
|
|
|
|
Prior period items |
0.027 |
|
|
|
|
|
|
TOTAL (B) |
149.265 |
123.164 |
107.256 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(5.958) |
(12.925) |
(33.437) |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
7.618 |
8.763 |
0.664 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(13.576) |
(21.688) |
(34.101) |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
8.570 |
9.874 |
11.207 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
(22.146) |
(31.562) |
(45.308) |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
(0.870) |
(1.206) |
(1.524) |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(21.276) |
(30.356) |
(43.784) |
||
|
|
|
|
|
|
||
|
|
CIF VALUE OF
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
|
1.265 |
2.799 |
|
|
|
|
Trading Goods |
|
175.188 |
55.472 |
|
|
|
TOTAL IMPORTS |
98.100 |
176.453 |
58.271 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
(1.13) |
(1.99) |
(478.37) |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
(15.09) |
(27.97) |
(59.32) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(4.23) |
(11.91) |
(45.30) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.29) |
(16.34) |
(22.12) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.12) |
(0.28) |
(0.42) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.26 |
0.53 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.73 |
1.87 |
1.82 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
152.500 |
188.000 |
274.500 |
|
Reserves & Surplus |
(44.230) |
(74.586) |
(95.862) |
|
Net
worth |
108.270 |
113.414 |
192.138 |
|
|
|
|
|
|
long-term borrowings |
20.000 |
10.000 |
0.000 |
|
Short term borrowings |
50.224 |
50.076 |
50.000 |
|
Total
borrowings |
70.224 |
60.076 |
50.000 |
|
Debt/Equity
ratio |
0.649 |
0.530 |
0.260 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
73.815 |
108.534 |
140.966 |
|
|
|
47.035 |
29.882 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
73.815 |
108.534 |
140.966 |
|
Profit |
(43.784) |
(30.356) |
(21.276) |
|
|
(59.32%) |
(27.97%) |
(15.09%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
BUSINESS PERFORMANCE AND FUTURE OUTLOOK:
Subject is engaged in business of selling the luxury Brand merchandise with International acclaim under the brand name Tom Ford. During the year Total revenue of the company has increased by 30% as compared to previous year and the company is hopeful to achieve good turnover as well as profits in coming years. Although rising input costs and a depreciating rupee will definitely impact sales, but at the end of the day consumer base in India is willing to pay the price of it.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10342651 |
23/02/2012 |
30,000,000.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India,, Dr. Annie Besant Road, Worli,
Mumbai, Maharashtra - |
B35206234 |
|
2 |
10342652 |
23/02/2012 |
50,000,000.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli,,
Mumbai, Maharashtra - |
B35206994 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
PRESS RELEASE:
DS
GROUP LAUNCHES 'KSHEER DAIRY WHITENER' IN NORTH EAST INDIA
Guwahati, January 08, 2015
Dharampal Satyapal Group (DS Group) further
expanded its product offering in the Dairy segment in the North East with the
launch of 'Ksheer Dairy Whitener'. Ksheer dairy whitener dissolves
easily and its unique composition prevents lumping and ensures instant
solubility, along with a great taste.
'Ksheer Dairy Whitener' comes in superior gusset packaging with
nitrogen flushing that keeps the freshness of the product intact for a longer
time period thus increasing the shelf life. Best quality raw milk is procured
and processed in a world class facility at Reengus, Rajasthan to make Ksheer
dairy whitener 100% bacteria & germ free, while retaining the goodness of
milk in the product. The new 'Ksheer Dairy Whitener' is
available at the grocery and conventional stores across North Eastern region.
This will be followed by the launch of the product in other parts of
India.
Mr. Sunil Kumar Bansal, Business Head (Dairy Division), DSL, said, 'Ksheer
refers to the ocean of milk, which is a signature of purity, hence the brand
offering of Ksheer is appropriately that of top quality product, which is 'as
pure as your love". An ideal product to address the demand and
availability gap in the North Eastern Region, Ksheer's easy to dissolve
property makes it a perfect substitute for milk, for making tea, coffee etc. It
is a preferred option considering the convenience and the non-perishable nature
of the product for daily use. We are confident that with our customer-centric
approach, emphasis on consistent quality and support of a good sales and
distribution channel we would be able to establish a strong customer base in
North East."
'Our current coverage in the region is approximately 6000 outlets. We are
working on expanding this and are confident that we will be able to address the
growing demand and need of Dairy Whitener in this region. The Dairy Whitener
segment is estimated to cross Rs.49 billion mark and the category is growing at
a rate of around 10%," he added.
The key features of the product like rich taste, easy to dissolve, smooth and
creamier texture are highlighted through 'Ksheer Dairy Whitener' communication
tagline, 'Rich Taste, Refreshing Delight". To popularize the product an
intensive marketing drive has been planned through various ATL and BTL
activities like radio campaigns, print campaigns in leading newspapers,
billboards and hoardings in prominent locations, posters, merchandising,
dangler and banners, in-shop sampling and branding, window display across Assam
and main towns of other states of the region.
Based on the brand idea, 'Purity well deserved', 'Ksheer' was launched by DS
Group last year across India, and is a leading Dairy brand today. The brand
encompasses a basket of specialized products including UHT Milk, and Cow
Ghee.
DS Group entered the dairy business in 2011 after procuring an existing Dairy
Plant at Reengus near Jaipur in Rajasthan. The Dairy Plant spread over an area
of 7.5 acres has a capacity to handle approximately 6 lakh litres of milk per
day. The plant conforms to the highest sanitary and hygienic standards and uses
locally available Green Fuel such as agriculture residue. The DS Dairy Plant
has highest quality and process certifications such as ISO 9000; 2008, HACCP,
Agmark, BIS Certification, FSSAI License, etc.
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 records 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.61.74 |
|
|
1 |
Rs.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
35 |
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.