MIRA INFORM REPORT
|
Report No. : |
331585 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALLIED BLENDERS AND DISTILLERS PRIVATE LIMITED (w.e.f.30.04.2010) |
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|
Formerly Known
As : |
MOONLIGHT BLENDERS AND DISTILLERS PRIVATE LIMITED (w.e.f.22.07.2009) YOU AND ME PROPERTIES PRIVATE LIMITED |
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Registered
Office : |
394-C, Lamington Chambers, Lamington Road, Mumbai – 400004,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.10.2008 |
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Com. Reg. No.: |
11-187368 |
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Capital
Investment / Paid-up Capital : |
Rs.447.800
Million |
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|
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CIN No.: [Company Identification
No.] |
U15511MH2008PTC187368 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA31012C |
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PAN No.: [Permanent Account No.] |
AAACY3846K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Sale of Liquor. |
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|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
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 an established company having satisfactory track record. The company has shown a significant growth in its profit during FY
2014. General financial position of the company is good. Overall financial position of the company is decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. The company can be considered normal for 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
14.10.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risk. |
|
Date |
14.10.2014 |
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Pradip |
|
Designation : |
Sales Manager |
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Contact No.: |
91-22-67779777 |
|
Date : |
10.07.2015 |
|
Name : |
Mr. Babu |
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Designation : |
Treasury Head |
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Contact No.: |
91-22-43000111 |
|
Date : |
10.07.2015 |
LOCATIONS
|
Registered Office : |
394-C, Lamington
Chambers, Lamington Road, Mumbai – 400004, Maharashtra, India |
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Tel. No.: |
91-22-67779777 |
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Fax No.: |
91-22-67779725 |
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E-Mail : |
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Website : |
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Corporate/ Marketing Office : |
Ashford Centre,
3rd and 4th Floor, Shankarrao Naram Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
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Tel. No.: |
91-22-43001111 |
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Fax No.: |
91-22-43001116 |
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E-Mail : |
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Exports/ CSD Office : |
Plot No. 774, 4th
Floor, Udyog Vihar, Phase V, Gurgaon - 122015, Haryana, India |
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Tel. No.: |
91-124-4210061/ 62 |
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Fax No.: |
91-124-4210063 |
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|
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Delhi Regional Sales Office : |
A 61/5, G. T.
Karnal Road, Industrial Area, Azadpur, Delhi – 110033, India |
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Factory : |
Located At : Aurangabad,
Maharashtra, India |
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Other Sales Offices : |
Located at: North ·
Gurgaon ·
Chandigarh · Ludhiana · Jaipur · Dehradun East ·
Kolkata ·
Guwahati · Bhubaneswar ·
Patna South ·
Hyderabad · Bangalore ·
Chennai West ·
Mumbai · Bhopal |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Kishore Rajaram Chhabria |
|
Designation : |
Director appointed in casual vacancy |
|
Address : |
111, Casa Grande, Little Gibbs, Road No. 2, Malabar Hills, Mumbai –
400006, Maharashtra, India |
|
Date of Birth/Age : |
12.01.1954 |
|
Date of Appointment : |
18.03.2010 |
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DIN No.: |
00243244 |
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|
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Name : |
Mrs. Bina Kishore Chhabria |
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Designation : |
Director appointed in casual vacancy |
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Address : |
111, Casa Grande, Little Gibbs, Road No. 2, Malabar Hills, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
10.01.1957 |
|
Date of Appointment : |
18.03.2010 |
|
DIN No.: |
00243376 |
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|
|
|
Name : |
Mr. Utpal Kumar Ganguli |
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Designation : |
Additional director |
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Address : |
14, Southend Park, Kolkata, West Bengal, India |
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Date of Birth/Age : |
14.04.1945 |
|
Date of Appointment : |
18.03.2010 |
|
PAN No.: |
AARPG4164A |
|
DIN No.: |
00067083 |
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|
|
|
Name : |
Mr. Deepak Roy |
|
Designation : |
Additional director |
|
Address : |
11, Rambha, 66, Nepeansea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1951 |
|
Date of Appointment : |
18.03.2010 |
|
DIN No.: |
00178236 |
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|
|
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Name : |
Mr. Jeetendra Amar Hemdev |
|
Designation : |
Additional director |
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Address : |
Palm Aprings, 14th Floor, Flat No.3, Cuffe Parade, Colaba, Mumbai -
400005, Maharashtra, India |
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Date of Birth/Age : |
02.11.1973 |
|
Date of Appointment : |
28.01.2014 |
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DIN No.: |
01501189 |
KEY EXECUTIVES
|
Name : |
Mr. Ratan Lal Jain |
|
Designation : |
Secretary |
|
Address : |
403, Dhanlaxmi, RDP-2, VER-10, S.V.P. Road, Versova, 4-Bungalows,
Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
25.04.1955 |
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Date of Appointment : |
30.03.2010 |
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PAN No.: |
ACEPJ1448H |
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Name : |
Mr. Atil Dalad |
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Designation : |
Vice President in Finance |
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Name : |
Mr. Pradip |
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Designation : |
Sales Manager |
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|
Name : |
Mr. Babu |
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Designation : |
Treasury Head |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
BKC Enterprises Private Limited, India |
|
9364000 |
|
Bina Chhabria Enterprises Private Limited, India |
|
177 |
|
Officers Choice Spirits Private Limited, India |
|
323 |
|
Deepak Roy |
|
415500 |
|
Total |
|
9780000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
BKC Enterprises Private Limited, India |
|
34972031 |
|
Bina Chhabria Enterprises Private Limited, India |
|
27969 |
|
Total |
|
35000000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
95.75 |
|
Directors or relatives of Directors |
4.25 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Sale of Liquor. |
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Products : |
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Brand Names : |
“Officer’s Choice” |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Axis Bank Limited, Corporate Banking Branch, Ground Floor, Axis House, Bombay Dyeing Mills Compound, P. B. Marg, Worli, Mumbai - 400025, Maharashtra, India · State Bank of Travancore, 112-115 Tulsiani Chambers, 212 Free Press Journal Marg, Nariman Point, Mumbai - 400021, Maharashtra, India · State Bank of Mauritius · Punjab National Bank · Andhra Bank · Bank of Baroda · Bank of India · Bank of Maharashtra · Canara Bank · Central Bank of India · Punjab and Sind Bank · State Bank Bikaner Jaipur · State Bank of Hyderabad · State Bank of India · United Bank of India · UCO Bank · Vijaya Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ford, Rhodes, Parks And Company Chartered Accountants |
|
Address : |
Sai Commercial Building, 312/313, 3rd Floor, BKS Devishi
Marg, Govandi (East), Mumbai - 400088, Maharashtra, India |
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PAN No.: |
AAAFF1843L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company
: |
CIN No.: U45202MH2009PTC194091 |
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Fellow
Subsidiary Company : |
CIN No.: U67120MH1988PTC159991 |
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Subsidiary
Company : |
CIN No.: U15531WB2006PTC107561 |
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Joint Venture : |
CIN No.: U15549MH2006PTC166229 |
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Enterprises where
Key Management Personnel having significant influence: |
CIN No.: U32200MH1938PTC002773
CIN No.: U15135WB2003PTC096417
CIN No.: U70100MH2002PTC135761
CIN No.: U17110MH1954PTC009219 |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10110000 |
Equity Shares |
Rs. 10/- each |
Rs.101.100 Million |
|
35000000 |
Preference Shares |
Rs. 10/- each |
Rs.350.000 Million |
|
|
Total |
|
Rs.451.100
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9780000 |
Equity Shares |
Rs. 10/- each |
Rs.97.800
Million |
|
35000000 |
Preference Shares |
Rs. 10/- each |
Rs.350.000
Million |
|
|
Total |
|
Rs.447.800 Million |
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 |
447.800 |
447.800 |
437.800 |
|
(b) Reserves & Surplus |
1,283.472 |
1,195.052 |
1,022.380 |
|
(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) |
1,731.272 |
1,642.852 |
1,460.180 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
949.149 |
883.331 |
475.363 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
272.480 |
288.084 |
0.000 |
|
(d) long-term
provisions |
99.163 |
96.651 |
63.231 |
|
Total Non-current
Liabilities (3) |
1,320.792 |
1,268.066 |
538.594 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1,911.226 |
1,481.121 |
1,497.659 |
|
(b) Trade
payables |
621.891 |
483.864 |
505.443 |
|
(c) Other
current liabilities |
1,074.109 |
732.370 |
561.600 |
|
(d) Short-term
provisions |
47.543 |
29.397 |
21.396 |
|
Total Current Liabilities
(4) |
3,654.769 |
2,726.752 |
2,586.098 |
|
|
|
|
|
|
TOTAL |
6,706.833 |
5,637.670 |
4,584.872 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1,756.253 |
1,579.762 |
1,617.743 |
|
(ii)
Intangible Assets |
3.143 |
2.340 |
1.669 |
|
(iii)
Capital work-in-progress |
15.830 |
62.780 |
47.392 |
|
(iv)
Intangible assets under development |
58.378 |
21.109 |
0.000 |
|
(b) Non-current Investments |
164.717 |
77.921 |
58.921 |
|
(c) Deferred tax assets (net) |
37.802 |
52.738 |
44.984 |
|
(d) Long-term Loan and Advances |
651.398 |
516.339 |
59.453 |
|
(e) Other
Non-current assets |
30.371 |
30.371 |
0.000 |
|
Total Non-Current
Assets |
2,717.892 |
2,343.360 |
1,830.162 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
324.290 |
235.126 |
336.218 |
|
(c) Trade
receivables |
940.205 |
870.985 |
911.995 |
|
(d) Cash
and cash equivalents |
102.590 |
120.657 |
109.906 |
|
(e)
Short-term loans and advances |
2,497.232 |
1,984.559 |
1,288.394 |
|
(f) Other
current assets |
124.624 |
82.983 |
108.197 |
|
Total
Current Assets |
3,988.941 |
3,294.310 |
2,754.710 |
|
|
|
|
|
|
TOTAL |
6,706.833 |
5,637.670 |
4,584.872 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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INCOME |
NA |
NA |
NA |
|
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|
EXPENSES |
NA |
NA |
NA |
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|
|
PROFIT/(LOSS)
BEFORE TAX |
395.077 |
125.566 |
77.676 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
107.906 |
42.895 |
30.454 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
287.171 |
82.671 |
47.222 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
302.272 |
219.601 |
172.379 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Preference Dividend |
101.500 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
17.250 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
470.693 |
302.272 |
219.601 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
661.417 |
633.202 |
|
|
TOTAL |
NA |
661.417 |
633.202 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.41 |
1.85 |
1.08 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
181.024 |
104.769 |
13.871 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
569.697 |
156.957 |
(49.718) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.14 |
2.32 |
1.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.08 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.65 |
1.44 |
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
1.21 |
1.07 |
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 |
437.8 |
447.8 |
447.8 |
|
Reserves & Surplus |
1022.38 |
1195.052 |
1283.472 |
|
Net
worth |
1460.180 |
1642.852 |
1731.272 |
|
|
|
|
|
|
long-term borrowings |
475.363 |
883.331 |
949.149 |
|
Short term borrowings |
1497.659 |
1481.121 |
1911.226 |
|
Current maturities of
long-term debts |
13.871 |
104.769 |
181.024 |
|
Total
borrowings |
1986.893 |
2469.221 |
3041.399 |
|
Debt/Equity
ratio |
1.361 |
1.503 |
1.757 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity -Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
No |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
Case Details |
||||||
|
Bench:- Bombay |
||||||
|
Presentation Date:- |
05/01/2015 |
|||||
|
Lodging
No.:- |
NMSL/8/2015 |
Filing
Date:- |
05/01/2015 |
|||
|
Main Matter |
||||||
|
Lodging
No.:- |
CCL/1281/2010 |
Reg No.:- |
CC/6/2010 |
|||
|
Petitioner:- |
TILAKNAGAR INDUSTRIES LIMITED |
Respondent:- |
ALLIED BLENDERS AND DISTILLERS PRIVATE LIMITED |
|||
|
Petn.Adv:- |
W S KANE AND COMPANY (I300) |
|
|
|||
|
District:- |
MUMBAI |
|||||
|
Bench:- |
SINGLE |
|||||
|
Status:- |
Pre-Admission |
Category:- |
NOTICE OF MOTION. |
|||
|
Next
Date:- |
15/01/2015 |
Stage:- |
CHAMBER SUMMONS FOR HEARING [ORIGINAL SIDE MATTERS] |
|||
|
Coram:- |
HON'BLE SHRI JUSTICE S.C. GUPTE |
|||||
|
Act
:- |
Code of Civil Procedure 1908 |
|||||
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
632.500 |
680.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
51.540 |
47.287 |
|
Total |
684.040 |
727.287 |
OPERATIONS:
The company has achieved a significant landmark and recorded a sales figure of 25 million cases for the year 2013-14, as against 20 million cases of the previous year, a growth of 24% which is considerably higher than the industry growth of 2%. The company’s market share has improved to 8% and Officer’s Choice the flagship brand of the Company’s market share, increased by 5% to reach 32%.
Officer’s Choice whisky brand recorded sales of 19.97 million cases for the year ending 31st March, 2014 against 17.55 million cases in FY ending in 31st March,2013 a growth of 14% in regular segment against an industry de-growth of 5% in regular segment of IMFL.
For the fourth year in a row, Officer’s Choice continues to be the largest IMFL brand exported from India. During the year, the Company exported 1.2 million cases. OCW was recently launched in the US market.
In the domestic market, Officer’s Choice is a clear market leader in the States of Assam, Andhra Pradesh, Arunachal Pradesh, Bihar, Chandigarh, Haryana, Himachal Pradesh, Jharkhand, Meghalaya, Punjab, Rajasthan, Tripura and West Bengal. The company has also improved its performance in the Western Market. It particularly improved its market share in Maharashtra state to 25% in the year 13-14 from 20% last year.
The Company expects growth momentum to continue in current financial year.
Officer’s Choice Blue Whisky achieved a rare feat of being the only brand in the AlcoBev industry to cross sale of 3.5 million cases within 2 years of its national launch. It had a whooping growth of 177% against the segment growth rate of 19%. It achieved 11% market share in the states where it was launched. The Company expanded its reach to the markets of Karnataka, Rajasthan, Bihar and Mumbai in the year under discussion. In the current Financial Year, the Company has already launched this brand in the market of Himachal Pradesh. The brand was
awarded the ?Brand Excellence Award for Emerging Brand of the Year 2013 by the World Brand Congress, Packaging Excellence Award by Ambrosia and in the recently held Spirit of India awards, its Raise The Voice Campaign won the coveted campaign of the year award.
Launched in the year 2012, Kyron, the Company offering in the Premium brandy segment in the state of Andhra Pradesh and Kerala and has gained market share of 20% in Andhra Pradesh and 12% in Kerala. During the year, the Company has shown a very promising growth of 238% in Andhra Pradesh and 63% in Kerala over earlier financial year.
Officer’s Choice Black, the Company’s entry into the semi-premium-plus whisky was launched to a rousing reception in the states of Delhi and West Bengal in Jan14. The blend as well as the packaging has been well received in the market.
Allied Blenders and Distillers Private Limited Standalone Balance Sheet for period 01/04/2013 to 31/03/2014
On the manufacturing front Company’s three units produced 3.13 million cases. The re-distillation plant at Aurangabad has produced its own extra neutral alcohol from brought out rectified spirit. The total quantity produced during the year was 2212 lacs BL. The re-distillation plant has the capacity of producing 30 KL per day.
During the year, the Company started new banking relationship with Standard Chartered Bank.
ACQUISITIONS:
During the current financial year, the Company has acquired 100% issued and paid up equity capital of NV Distilleries and Breweries (AP) Private Limited, which has Letter of Intent issued by Government of Andhra Pradesh for establishment and working of a distillery for manufacture of sprits from raw materials grains with a production capacity of 48000 KLPA for Industrial purpose wholly or partly at Damarakunta Village Mulugu Mandal, Medak District in the state of Telangana (Formerly known as Andhra Pradesh).
With this NV Distilleries and Breweries (AP) Private Limited has become wholly owned subsidiary of the Company.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10534574 |
18/10/2014 |
11,291,745.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C35781178 |
|
2 |
10529902 |
09/10/2014 |
250,000,000.00 |
State Bank Of Mysore |
Corporate Account Branch, Mittal Court, "C" Wing, Nariman Point, Mumbai, Maharashtra - 400021, India |
C32788143 |
|
3 |
10501189 |
26/05/2014 |
350,000,000.00 |
Standard Chartered Bank |
Narain
Manzil, 23, Barakhamba Road, Delhi, Delhi |
C05684931 |
|
4 |
10478242 |
22/01/2014 |
16,242,847.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B96660915 |
|
5 |
10456653 |
04/10/2013 |
5,844,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B88181284 |
|
6 |
10483513 |
07/09/2013 |
7,992,516.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B90765553 |
|
7 |
10448777 |
04/09/2013 |
400,000,000.00 |
Yes Bank Limited |
9th
Floor, Nehru Centre, Discovery Of India, Dr. |
B84881366 |
|
8 |
10390042 |
23/05/2014 * |
800,000,000.00 |
State Bank Of Travancore |
112-115
Tulsiani Chambers, 212 Free Press Journal |
C06741144 |
|
9 |
10381597 |
12/02/2014 * |
760,000,000.00 |
State Bank of Bikaner and Jaipur |
Commercial Network Branch 239 P D D. Mello Road, Near Gpo, Mumbai, Maharashtra - 400001, India |
C03696853 |
|
10 |
10300835 |
16/07/2011 |
2,300,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B18285007 |
|
11 |
10300844 |
16/07/2011 |
2,300,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B18288720 |
|
12 |
10297175 |
25/06/2011 |
7,500,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B16793481 |
|
13 |
10292314 |
06/06/2011 |
6,300,000.00 |
BMW India Financial Services Private Limited |
Tower C, 14th Floor, Building No. 10, Dlf Cyber City, Phase-Ii, Gurgaon, Haryana - 122002, India |
B15045693 |
|
14 |
10094694 |
21/12/2012 * |
735,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch, Axis House, Grd. Floor, C-2, Wadia International Centre, P.B. Marg, Worli,, Mumbai, Maharashtra - 400025, India |
B66161258 |
|
15 |
10100818 |
17/12/2007 |
4,100,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
A37444841 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.37 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
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 |
|
49 |
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.