MIRA INFORM REPORT
|
Report No. : |
325468 |
|
Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
VARUN BEVERAGES LIMITED |
|
|
|
|
Registered
Office : |
F-2/7, Okhla Industrial Area, Phase I, New Delhi – 110020 |
|
Tel No.: |
91-11-41706720 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
16.06.1995 |
|
|
|
|
Com. Reg. No.: |
55-069839 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1337.662 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC069839 |
|
|
|
|
IEC No.: |
0595023061 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELV04789B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV2678L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in manufacturing of
Soft Drinks and also offers bottling services to Pepsi Co. |
|
|
|
|
No. of Employees
: |
4000 (Approximately) |
RATING
& COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 7300000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. Management has failed to file its financial record with government department
for the year 2014. As per available financial record of 2013, the rating is constrained
on account of company’s moderate financial risk and loss that company has
incurred from its operations. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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 (GENERAL DETAILS)
|
Name : |
Mr. Praval Jain |
|
Designation : |
Vice President |
|
Contact No.: |
91-124-4643500 |
|
Date : |
01.06.2015 |
LOCATIONS
|
Registered Office : |
F-2/7, Okhla Industrial Area, Phase I, New Delhi – 110020,
India |
|
Tel. No.: |
91-11-41706720 |
|
Fax No.: |
91-11-41706722 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Plot No.31, Institutional Area, Sector 44, Gurgaon
- 122002, Haryana, India |
|
Tel. No.: |
91-124-4643100-500 |
|
|
|
|
Corporate Office
: |
F-34, Sector – VI, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2422413 / 2422414 / 2530976 / 2531004 / 2550337 |
|
Fax No.: |
91-120-2422870 / 2422745 / 2550338 |
|
|
|
|
Plants : |
· Village Tajpur, Tehsil Nuh, District Mewat, Haryana, India · Balmukundapura, Ajmer Road, Tehsil Sanganer, Jaipur, Rajasthan, India · Village, Dautana, 107 K.M. Stone, Delhi – Agra High Way, Near Kosi Kalan Mills, District Mathura, Uttar Pradesh, India · Plot No. S.P. 646-653, Matsya Industrial Area, RIICO, Alwar, Rajasthan · Plot No.159, RIICO Industrial Area, Phase – II, Boranada, Jodhpur – 342801, Rajasthan, India |
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|
|
|
Overseas Office
: |
Located at: ·
Sri Lanka ·
Nepal ·
Mozambique ·
Zambia ·
Morocco |
DIRECTORS
As on 24.06.2014
|
Name : |
Mr. Ravi Kant Jaipuria |
|
Designation : |
Director |
|
Address : |
Plot No. 7A, Aurangzeb Road, New Delhi – 110011, India |
|
Date of Birth/Age : |
28.11.1954 |
|
Qualification : |
MBA |
|
Date of Appointment : |
16.06.1995 |
|
DIN No.: |
00003668 |
|
|
|
|
Name : |
Mr. Christopher White |
|
Designation : |
Whole-time director |
|
Address : |
12, Cuscaden Walk, 19-02, Four Seasons PK, Singapore 249694 |
|
Date of Birth/Age : |
01.11.1961 |
|
Qualification : |
LLB |
|
Experience : |
29 Years |
|
Date of Appointment : |
29.06.2009 |
|
PAN No.: |
ABKPW4635J |
|
DIN No.: |
01564507 |
|
|
|
|
Name : |
Mr. Raj Pal Gandhi |
|
Designation : |
Whole-time director |
|
Address : |
P-2/50, DLF Phase II, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
07.06.1957 |
|
Qualification : |
CA |
|
Experience : |
32 Years |
|
Date of Appointment : |
21.10.2004 |
|
PAN No.: |
AALPG8397D |
|
DIN No.: |
00003649 |
|
|
|
|
Name : |
Mr. Varun Jaipuria |
|
Designation : |
Whole-time director |
|
Address : |
Plot No.7A, Aurangzeb Road, New Delhi – 110011, India |
|
Date of Birth/Age : |
10.11.1987 |
|
Qualification : |
Graduate from Regents College, London |
|
Experience : |
4 Years |
|
Date of Appointment : |
20.02.2009 |
|
PAN No.: |
AHAPJ9246N |
|
DIN No.: |
02465412 |
|
|
|
|
Name : |
Mr. Kamlesh Kumar Jain |
|
Designation : |
Whole-time director |
|
Address : |
139-D, Pocket B, Mayur Vihar, Phase – II, Delhi – 110091, India |
|
Date of Birth/Age : |
23.06.1962 |
|
Qualification : |
CA |
|
Date of Appointment : |
05.06.2009 |
|
PAN No.: |
AAHPJ2128D |
|
DIN No.: |
01822576 |
|
|
|
|
Name : |
Mr. Kapil Agarwal |
|
Designation : |
Director |
|
Address : |
KK-85, Kavi Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
|
Date of Birth/Age : |
08.06.1964 |
|
Qualification : |
B.Com and PGDBM |
|
Date of Appointment : |
11.06.2012 |
|
DIN No.: |
02079161 |
|
|
|
|
Name : |
Udai Dhawan |
|
Designation : |
Director |
|
Address : |
107, 1st Floor, Anand Lok, New Delhi – 110049, India |
|
Date of Birth/Age : |
17.01.1973 |
|
Date of Appointment : |
14.05.2013 |
|
DIN No.: |
03048040 |
KEY EXECUTIVES
|
Name : |
Mr. Mahavir Parasd Garg |
|
Designation : |
Secretary |
|
Address : |
WZ 17A, Krishna Puri, Tilak Nagar, New Delhi – 110018, India |
|
Date of Birth/Age : |
10.03.1967 |
|
Date of Appointment : |
16.12.2013 |
|
PAN No.: |
AAGPG1348H |
|
|
|
|
Name : |
Mr. R.J.S. Bagga |
|
Designation : |
Chief Operating Officer |
|
Date of Birth/Age : |
51 Years |
|
Qualification : |
M-Tec |
|
Experience : |
27 Years |
|
|
|
|
Name : |
Mr. Praval Jain |
|
Designation : |
Vice President |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.06.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
R.K. Jaipuria and Sons (HUF) |
44187870 |
33.03 |
|
Devyani Enterprises Private Limited, India |
2270 |
0.00 |
|
Devyani Overseas Private Limited, India |
5800 |
0.00 |
|
RJ Corp Limited, India |
45387415 |
33.93 |
|
Varun Jaipuria |
44175500 |
33.02 |
|
Universal Dairy Products Private Limited, India |
1765 |
0.00 |
|
Devyani Jaipuria |
1765 |
0.00 |
|
Dhara Jaipuria |
2015 |
0.00 |
|
Standard Chartered Private Equity Mauritius II Limited, Mauritius |
1765 |
0.00 |
|
Total |
133766165 |
100.00 |
As on 24.06.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
33.94 |
|
Directors or relatives of Directors |
33.03 |
|
Other top fifty shareholders |
33.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of
Soft Drinks and also offers bottling services to PepsiCo. |
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Products : |
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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 : |
Sri Lanka |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
Not Divulged |
PRODUCTION STATUS (AS ON 31.12.2011)
|
Particulars |
Unit |
31.12.2009 |
|
Licensed Capacity |
|
NA |
|
|
|
|
|
Installed
Capacity* |
|
|
|
Beverages |
BPM |
8820 |
|
Pet Performs |
PPM |
1000 |
|
Crown Corks |
Gross Per Day |
46500 |
|
LUG Caps |
Nos. Per Day |
576000 |
|
Corrugated Boxes |
Nos. Per Day |
52000 |
|
|
|
|
|
Actual Production |
|
|
|
Beverages |
Cases/Bags |
45304730 |
|
Pet Performs |
Nos. |
**413923105 |
|
Crown Corks |
Gross |
9831650 |
|
PVC Shells |
Nos. |
0 |
|
LUG Caps |
Nos. |
16966313 |
|
Cartons |
Nos. |
10777009 |
Notes
** Includes Job
Work of 29036082 Nos.
* As certified by
the Management and relied upon by the Auditors being a technical matter (One
case of 24/12/9 Bottles).
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
4000 (Approximately) |
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Bankers : |
· Axis Bank Limited, 2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi - 110001, India ·
ICICI Bank Limited, Landmarkrace Cource Circle,
Alkapuri, Baroda - 390015, Gujarat, India ·
ING Vysya Bank Limited, SCO 90, Sector 22,
Gurgaon - 122001, Haryana, India ·
Yes Bank Limited, 9th Floor, Nehru Centre,
Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018,
Maharashtra, India ·
DBS Bank Limited, Upper Ground Floor, 25,
Barakhamba Road, New Delhi - 110001, India ·
DBS Bank Limited (Acting As An Security Agent),
Capitol Point, Baba Kharak Singh Marg, C.P., New Delhi - 110001, India ·
Indusind Bank Limited, Dr. Gopal Das Bhawan, 28
Barakhamba Road, New Delhi - 110001, India ·
Kotak Mahindra Bank Limited, 15-16 Upper Ground
Floor, Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi - 110001, India ·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India ·
Standard Chartered Bank, (Acting As An Security
Agent) C D U, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India ·
The Hongkong and Shanghai Banking Corporation
Limited, Birla Tower, 25 Barakhamba Road, New Delhi - 110001, India ·
IDBI Bank Limited, Red Cross Building, 3rd Floor,
1, Red Cross Road, New Delhi - 110001, India ·
Axis Bank Limited, 10, Opg House, Asaf Ali Road,
New Delhi - 110002, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name 1 : |
O.P. Bagala and Company Chartered Accountants |
|
Address : |
8 / 12, Kalkaji Extension, New Delhi – 110019, India |
|
PAN
No. : |
AAAFO1030A |
|
|
|
|
Name 2 : |
Walker Chandiok and Associates Chartered Accountants |
|
Address : |
21st Floor, DLF Phase-II, Jacranda Marg, DLF Phase - II, Gurgaon - 122002, Haryana, India |
|
PAN
No. : |
AAAFW0513A |
|
|
|
|
Subsidiaries and
fellow subsidiaries : |
¨ Varun Beverages Morocco SA. ¨ Varun Beverages (Nepal) Private Limited ¨ Varun Beverages (Lanka) Private Limited ¨ Ole Spring Bottlers Private Limited |
|
|
|
|
Enterprise having
significant influence : |
¨ RJ Corp Limited. ¨ PepsiCo India Holdings Private Limited. (up to 2-10-2012) ¨ Ravi Kant Jaipuria and Sons (HUF) |
|
|
|
|
Associates : |
¨ Devyani International Limited ¨ Devyani Food Industries Limited ¨ SVS India Private Limited ¨ Sellwell Foods and Beverages Private Limited ¨ Saab Tour and Travels Private Limited ¨ AbInbev India Private Limited |
CAPITAL STRUCTURE
After 24.06.2014
Authorised Capital : Rs. 10000.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 5837.662
Million
As on 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
186000000 |
Equity Shares |
Rs.10/- each |
Rs.1860.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
133766165 |
Equity Shares |
Rs.10/- each |
Rs.1337.662 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
1337.660 |
267.530 |
80.000 |
|
(b) Reserves & Surplus |
823.020 |
1509.500 |
1022.570 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
400.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2560.680 |
1777.030 |
1102.570 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
14888.090 |
12118.360 |
5614.780 |
|
(b) Deferred tax liabilities (Net) |
752.800 |
935.400 |
701.730 |
|
(c) Other long term
liabilities |
187.390 |
218.120 |
544.870 |
|
(d) long-term
provisions |
125.610 |
98.610 |
78.690 |
|
Total Non-current
Liabilities (3) |
15953.890 |
13370.490 |
6940.070 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2035.720 |
2290.420 |
2357.180 |
|
(b) Trade
payables |
857.300 |
526.450 |
288.050 |
|
(c) Other
current liabilities |
3545.980 |
3642.750 |
1823.020 |
|
(d) Short-term
provisions |
42.730 |
47.000 |
12.870 |
|
Total Current
Liabilities (4) |
6481.730 |
6506.620 |
4481.120 |
|
|
|
|
|
|
TOTAL |
24996.300 |
21654.140 |
12523.760 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
15894.840 |
12212.880 |
7357.530 |
|
(ii)
Intangible Assets |
1307.360 |
23.770 |
36.480 |
|
(iii)
Capital work-in-progress |
102.250 |
1484.080 |
1089.610 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1684.500 |
1011.890 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2206.620 |
2550.310 |
227.890 |
|
(e) Other
Non-current assets |
145.050 |
173.530 |
27.430 |
|
Total Non-Current
Assets |
21340.620 |
17456.460 |
8738.940 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.010 |
0.010 |
0.000 |
|
(b)
Inventories |
1815.990 |
1820.750 |
1700.330 |
|
(c) Trade
receivables |
396.970 |
581.350 |
869.050 |
|
(d) Cash
and cash equivalents |
151.000 |
88.120 |
37.770 |
|
(e)
Short-term loans and advances |
987.900 |
1573.430 |
820.380 |
|
(f) Other
current assets |
303.810 |
134.020 |
357.290 |
|
Total
Current Assets |
3655.680 |
4197.680 |
3784.820 |
|
|
|
|
|
|
TOTAL |
24996.300 |
21654.140 |
12523.760 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
17298.570 |
14505.900 |
11396.040 |
|
|
|
Other Income |
345.310 |
473.570 |
4.280 |
|
|
|
TOTAL |
17643.880 |
14979.470 |
11400.320 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
9809.610 |
8090.330 |
6892.660 |
|
|
|
Purchases of Stock-in-Trade |
551.740 |
500.610 |
465.040 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(27.220) |
10.760 |
(312.000) |
|
|
|
Employees benefits expense |
1253.270 |
1003.920 |
731.490 |
|
|
|
Prior Period Item Tax |
50.950 |
0.000 |
0.000 |
|
|
|
Other expenses |
3426.760 |
3004.940 |
2223.440 |
|
|
|
TOTAL |
15065.110 |
12610.560 |
10000.630 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2578.770 |
2368.910 |
1399.690 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1478.640 |
975.510 |
719.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1100.130 |
1393.400 |
680.570 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1344.850 |
961.820 |
559.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(244.720) |
431.580 |
121.230 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(159.280) |
132.580 |
43.440 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(85.440) |
299.000 |
77.790 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
161.960 |
133.570 |
94.880 |
|
|
|
Interest |
98.630 |
86.790 |
0.000 |
|
|
|
Guarantee commission |
31.260 |
0.000 |
0.000 |
|
|
|
Dividend |
95.220 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
387.07 |
220.360 |
94.880 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
926.830 |
659.720 |
792.500 |
|
|
|
Stores, Spares & Raw Material |
1357.250 |
537.650 |
409.533 |
|
|
TOTAL IMPORTS |
2284.080 |
1197.370 |
1202.033 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.67) |
2.60 |
(0.21) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Current Maturities of Long term debt |
2366.380 |
1891.440 |
914.660 |
|
Cash generated from operations |
2384.810 |
3308.460 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
PAT / Total Income |
(%) |
(0.49) |
2.06 |
0.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
14.91 |
16.33 |
12.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.05) |
2.25 |
1.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10) |
0.24 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
7.53 |
9.17 |
8.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.56 |
0.65 |
0.84 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
80.000 |
267.530 |
1337.660 |
|
Reserves & Surplus |
1022.570 |
1509.500 |
823.020 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
400.000 |
|
Net
worth |
1102.570 |
1777.030 |
2560.680 |
|
|
|
|
|
|
long-term borrowings |
5614.780 |
12118.360 |
14888.090 |
|
Short term borrowings |
2357.180 |
2290.420 |
2035.720 |
|
Current Maturities Of
Long-Term Debts |
914.660 |
1891.440 |
2366.380 |
|
Total
borrowings |
8886.620 |
16300.220 |
19290.190 |
|
Debt/Equity
ratio |
8.060 |
9.173 |
7.533 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
11396.040 |
14505.900 |
17298.570 |
|
|
|
27.289 |
19.252 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
11396.040 |
14505.900 |
17298.570 |
|
Profit |
77.790 |
299.000 |
(85.440) |
|
|
0.68% |
2.06% |
(0.49%) |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULAR |
31.12.2013 (Rs.
In Million) |
31.12.2012 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Fully convertible debentures others |
4149.980 |
4149.980 |
|
Deferred payment liabilities |
1469.080 |
1655.800 |
|
Total |
5619.060 |
5805.780 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10485918 |
26/03/2014 |
1,000,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING, 28, BARAKHAMBA ROAD, NEW DELHI, Delhi -
110001, INDIA |
C00845792 |
|
2 |
10477634 |
31/01/2014 |
200,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR, KOLHAPUR, Maharashtra - 416001, INDIA |
B96385190 |
|
3 |
10477636 |
31/01/2014 |
800,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR, KOLHAPUR, Maharashtra - 416001, INDIA |
B96385810 |
|
4 |
10469313 |
05/12/2013 |
500,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B93192391 |
|
5 |
10456991 |
25/07/2014 * |
800,000,000.00 |
IDBI Bank Limited |
3rd floor, Indian Red Cross Society Building, 1, |
C13882261 |
|
6 |
10451039 |
30/09/2013 * |
2,500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD,
WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B86255866 |
|
7 |
10452773 |
30/08/2013 |
1,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD,
WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B86542677 |
|
8 |
10403711 |
27/06/2013 * |
800,000,000.00 |
IDBI Bank Limited |
Red Cross Building, 3rd floor, 1, Red Cross Road, |
B78566643 |
|
9 |
10383910 |
23/05/2014 * |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
C04255154 |
|
10 |
10384804 |
22/06/2013 * |
200,000,000.00 |
ING VYSYA BANK LIMITED |
SCO 90, SECTOR 22, GURGAON, Haryana - 122001, INDIA |
B81383234 |
|
11 |
10345840 |
30/06/2012 * |
800,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
B44455749 |
|
12 |
10345844 |
30/06/2012 * |
200,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
B44456150 |
|
13 |
10319520 |
06/08/2012 * |
200,000,000.00 |
DBS Bank Ltd. |
Upper Ground Floor, 25, Barakhamba Road, New Delhi, Delhi - 110001,
INDIA |
B56097579 |
|
14 |
10320959 |
08/05/2014 * |
999,800,000.00 |
DBS BANK LTD. (Acting as an Security Agent) |
CAPITAL POINT, BABA KHARAK SINGH MARG, CONNAUGHT PLACE, NEW DELHI,
Delhi - 110001, INDIA |
C04084737 |
|
15 |
10308121 |
23/09/2011 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B21439609 |
|
16 |
10304902 |
08/09/2011 * |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B20509121 |
|
17 |
10300722 |
27/06/2013 * |
50,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING, 28, BARAKHAMBA ROAD, NEW DELHI, Delhi -
110001, INDIA |
B80284102 |
|
18 |
10300335 |
30/04/2014 * |
500,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING, 28, BARAKHAMBA ROAD, NEW DELHI, Delhi -
110001, INDIA |
C03960085 |
|
19 |
10305920 |
06/08/2011 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B20377958 |
|
20 |
10302932 |
30/06/2012 * |
93,300,000.00 |
AXIS BANK LTD. |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, Delhi -
110001, INDIA |
B44457075 |
|
21 |
10297084 |
15/03/2013 * |
800,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD,
WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B74879123 |
|
22 |
10264416 |
28/05/2014 * |
980,000,000.00 |
STANDARD CHARTERED BANK |
(Acting as an Security Agent) C D U, NARAIN MANZIL, 23 BARAKHAMBA
ROAD, NEW DELHI, Delhi - 110001, INDIA |
C05315809 |
|
23 |
10227119 |
18/02/2013 * |
100,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B68917111 |
|
24 |
10184056 |
19/06/2013 * |
50,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING, 28, BARAKHAMBA ROAD, NEW DELHI, Delhi -
110001, INDIA |
B79202826 |
|
25 |
10180131 |
29/08/2013 * |
225,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
AMBADEEP BUILDING, 14, KASTURBA GANDHI MARG, NEW DELHI, Delhi -
110001, INDIA |
B86285640 |
|
26 |
10167884 |
30/07/2009 |
100,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI,
Delhi - 110001, INDIA |
A66502451 |
|
27 |
10168482 |
28/04/2014 * |
550,000,000.00 |
Standard Chartered Bank |
STANDARD CHARTERED BANK, NARAIN MANZIL, 23, BARAKHAMBA ROAD, NEW DELHI,
Delhi - 110001, INDIA |
C02197978 |
|
28 |
10164965 |
17/12/2012 * |
600,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD,
WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B67942375 |
|
29 |
10158277 |
07/05/2012 * |
189,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD,
WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B39131552 |
|
30 |
10143267 |
27/06/2013 * |
350,000,000.00 |
INDUSIND BANK LTD. |
DR. GOPAL DAS BUILDING, 28, BARAKHAMBA ROAD, NEW DELHI, Delhi -
110001, INDIA |
B79541900 |
|
31 |
10127791 |
13/01/2009 * |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
A57801011 |
|
32 |
10099314 |
08/11/2011 * |
460,000,000.00 |
AXIS BANK LTD. |
4/10, OPG HOUSE, ASAF ALI ROAD, NEW DELHI, Delhi - 110002, INDIA |
B25871542 |
|
33 |
10041649 |
19/02/2007 |
3,000,000.00 |
PEPSICO INDIA HOLDINGSS PVT LTD |
3B DLF CORPORATE PARK 'S'BLOCK, QUTAB ENCLAVE PHASE- III, Gurgaon,
Haryana - 122002, INDIA |
A11950714 |
|
34 |
10041651 |
19/02/2007 |
8,800,000.00 |
PEPSICO INDIA HOLDINGSS PVT LTD |
3B DLF CORPORATE PARK 'S'BLOCK, QUTAB ENCLAVE, PH-III, GURGAON,
Haryana - 122002, INDIA |
A11950912 |
|
35 |
10005916 |
30/04/2014 * |
650,000,000.00 |
IDBI Bank Limited |
Red Cross Building , 3rd floor, 1, Red Cross Road, New Delhi, Delhi -
110001, INDIA |
C03593936 |
|
36 |
90063339 |
20/12/2004 |
160,000,000.00 |
PEPSICO INDIA HOLDINGS PRIVATE LIMITED |
3 B; DLF CORPORATE PARK, `S' BLOCK; QUTAB ENCLSE; PHASE-III, GURGAON,
Haryana - 122002, INDIA |
- |
|
37 |
90062972 |
28/10/2003 |
10,000,000.00 |
PEPSICO INDIA HOLDINGS PVT. LTD. |
3 B; DLF CORPORATE PARK, S; BLOCK; PHASE-III; QUTUB ENCLAVE, GURGAON,
Haryana, INDIA |
- |
|
38 |
90062760 |
01/05/2014 * |
900,000,000.00 |
HDFC BANK LIMITED |
SENAPATI BAPAT MARG, LOWER PAREL W MUMBAI, Maharashtra - 400013, INDIA
|
C04007183 |
|
39 |
90062469 |
01/03/2002 |
10,000,000.00 |
PEPSICO INDIA HOLDINGS PRIVATE LIMITED |
3 B, DLF CORPORATE PARK; ``S'' BLOCK; QUTAB ENCLAVE, GURGAON, Haryana,
INDIA |
- |
|
40 |
90061493 |
14/09/1998 |
152,700,000.00 |
PEPSICO INDIA HOLDINGS LIMITED |
3-B, S-BLOCK; DLF CORPORATE PARK, GURGAON, Haryana, INDIA |
- |
* Date of charge modification
REVIEW OF
OPERATIONS
During the year the Company has achieved a total revenue and other income of Rs.17643.880 million as against Rs. 14979.470 million during the previous year, thereby registering a growth of 17.79%. During the year, the Company has incurred a loss after tax of Rs. 85.440 million as against a profit after tax of Rs. 299.000 million in the previous year due to increase in depreciation and financial cost.
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
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.63.83 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
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 |
|
26 |
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.