MIRA INFORM REPORT
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Report No. : |
327852 |
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Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAYA
LIMITED (w.e.f. 14.12.2007) MARICO KAYA
ENTERPRISES LIMITED (AMALGAMATED WITH KAYA LIMITED) |
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Formerly Known
As : |
KAYA
SKIN CARE LIMITED |
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Registered
Office : |
23/C, Mahal Industrial Estate, Mahakali Caves Road, Near Paperbox Lane,
Andheri (East), Mumbai – 400 093, Maharashtra |
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Tel. No.: |
91-22-66195000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.03.2003 |
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Com. Reg. No.: |
11-139763 |
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Capital
Investment / Paid-up Capital : |
Rs.178.490
million |
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CIN No.: [Company Identification
No.] |
U85190MH2003PLC139763 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCK1045L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in providing specialized skin
care services and other related products. |
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No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 27th March 2003, it is established company having satisfactory track record. As confirmed by Ms. Reema Patil, (Company Secretary) that the “Marico Kaya Enterprises Limited” amalgamated with “Kaya Limited” on 18th April, 2015. During the FY 2014, the company has performed above the average and reported top line of 9.53% in its sales turnover. The company have reported profitability at 21.5% from its operation due to which it has recover its previous year losses. The rating take into account on company established track record in the business, sound financial backed by its debt to equity at 1.66 times. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered 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 |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Ms. Reema Patil |
|
Designation : |
Company Secretary |
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Contact No.: |
91-22-61486787 |
|
Date : |
17.06.2015 |
LOCATIONS
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Registered Office : |
23/C, Mahal Industrial Estate, Mahakali Caves Road, Near Paperbox
Lane, Andheri (East), Mumbai – 400 093, Maharashtra, India |
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Tel. No.: |
91-22-66195000 |
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Fax No.: |
91-22-66195050 |
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E-Mail : |
investorrelations@kayaindia.net For Information/queries: info@kayaclinic.com For Complaints/suggestions: care@kayaindia.net |
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Website : |
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Correspondence Address : |
9th Floor, Grande Palladium, 175, CST Road, Kalina,
Santacruz (East), Mumbai – 400 098, Maharashtra, India |
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Regional Office : |
23/C, Mahal Industrial Estate Opposite Travellers Inn Hotel,
Paper Box Lane Mahakali Caves Road, Andheri (East), Mumbai – 400 093,
Maharashtra, India |
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Clinic : |
Located at: · Assam · Uttar Pradesh · Rajasthan · Gujarat · Maharashtra · Karnataka · Tamilnadu · Kerala · Telangana · Andhra Pradesh · Madhya Pradesh · West Bengal · Uttarakhand · Himachal Pradesh · Punjab |
DIRECTORS
AS ON 19.09.2014
|
Name : |
Mr.
Harsh Charandas Mariwala |
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Designation : |
Managing
Director |
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Address : |
2nd
Floor, 7th on the Hill, Auxilium Convent Road, Rajendra Kumar Chowk,
Pali Hill, Bandra (West), Mumbai – 400 050, Maharashtra, India |
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Date of Birth/Age : |
14.05.1951 |
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Date of Appointment : |
01.11.2011
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DIN No.: |
00210342 |
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Election Commission Identity Card No.: |
MT/04/024/384774
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Name : |
Ameera
Sushil Shah |
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Designation : |
Director |
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Address : |
71,
Apurva Apartments, 5, Napean Sea Road, Mumbai – 400 036, Maharashtra, India |
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Date of Birth/Age : |
24.09.1979 |
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Date of Appointment : |
19.06.2014 |
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DIN No.: |
00208095 |
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Name : |
Mr.
Rajendra Kishore Mariwala |
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Designation : |
Director |
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Address : |
Sudha
Kunj, 2nd Floor, 3, Tardeo, Mumbai – 400 034, Maharashtra, India |
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Date of Birth/Age : |
04.09.1962 |
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Date of Appointment : |
01.11.2011 |
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DIN No.: |
00007246 |
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Name : |
Mr.
Nikhil Nirvan Khattau |
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Designation : |
Additional
Director |
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Address : |
No.
P-4, 1st Floor, Patropolis, 58, SBS Road, Colaba, Mumbai – 400
005, Maharashtra, India |
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Date of Appointment : |
30.03.2015 |
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DIN No.: |
00017880 |
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Name : |
Mr.
Nagesh Satyanarayan Basavanhalli |
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Designation : |
Additional
Director |
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Address : |
81/82,
B Wing, Park Plaza, New Yari Road, Andheri (West), Mumbai – 400 061,
Maharashtra, India |
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Date of Appointment : |
30.03.2015 |
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DIN No.: |
00027595 |
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Name : |
Mr.
Irfan Mustafa |
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Designation : |
Additional
Director |
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Address : |
Obaid
Gahnim Obaid Ahmed Al Humairi Villa, 362-43B Street, Um Suqaim Second, Dubai,
9351, United Arab Emirates |
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Date of Appointment : |
28.04.2015 |
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DIN No.: |
07168570 |
KEY EXECUTIVES
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Name : |
Almas K. Badar |
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Designation : |
Secretary |
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Address : |
A/10,
Nandadeep, Sector - 16/A, Vashi, Navi Mumbai – 400 703, Maharashtra, India |
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Date of Birth/Age : |
01.09.1988 |
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Date of Appointment : |
19.06.2014 |
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PAN No.: |
AQPPB7802E |
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Name : |
Ms. Reema Patil |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Marico Kaya Enterprises Limited, India |
|
17848969 |
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Harsh Mariwala jointly with Marico Kaya Enterprises Limited |
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1 |
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Dharmendar Jain jointly with Marico Kaya Enterprises Limited |
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1 |
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S. Subramanian jointly with Marico Kaya Enterprises Limited |
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1 |
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Almas Badar jointly with Marico Kaya Enterprises Limited |
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1 |
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Nevil Kavarana jointly with Marico Kaya Enterprises Limited |
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1 |
|
Ruhie Pande jointly with Marico Kaya Enterprises Limited |
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1 |
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Total |
|
17848975 |
AS ON 19.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
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Category |
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Bodies
corporate |
|
100.00 |
%20-%20327852_MIRA%2018-Jun-2015_files/image013.gif)
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in providing specialized skin
care services and other related products. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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 : |
Citibank
N.A., Plot No.C-54 and C-55, G-Block, Mumbai – 400 051, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Price Waterhouse Chartered Accountants |
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Address : |
Plot 14, Block EP, Sector V, Saltlake, Electronic
Complex, Bidhan Nagar, Kolkata – 700 091, West Bengal, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP3641G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company (As on 31.03.2014) : |
Marico Kaya Enterprises
Limited, India (CIN No.: L93030MH2013PLC239859) (with effect from April 1,
2013) |
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Subsidiaries / Fellow Subsidiaries (As on
31.03.2014) : |
·
KME Holding Pte Limited (with effect from October 18, 2013) ·
Derma Rx International Aesthetics Pte. Limited # ·
The DRx Clinic Pte. Limited # ·
The DRx Medispa Pte. Limited # ·
DIPL Singapore Pte Limited (Erstwhile known as DRx Investments Pte.
Limited) ·
DRx Aesthetics Sdn. Bhd.# ·
Kaya Middle East FZE, United Arab Emirates # Upto January 9, 2014 |
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Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
Marico
Limited, India (CIN No.: L15140MH1988PLC049208) (with effect from April 1,
2013) |
CAPITAL STRUCTURE
AS ON 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 million |
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
17848975 |
Equity Shares |
Rs.10/- each |
Rs.178.490
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
178.490 |
178.490 |
145.000 |
|
(b) Reserves &
Surplus |
505.075 |
165.458 |
(590.850) |
|
(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) |
683.565 |
343.948 |
(445.850) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
1132.013 |
1132.764 |
1021.477 |
|
(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 |
35.183 |
36.308 |
36.432 |
|
Total Non-current
Liabilities (3) |
1167.196 |
1169.072 |
1057.909 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
119.088 |
102.617 |
103.884 |
|
(c) Other current
liabilities |
654.274 |
448.287 |
403.267 |
|
(d) Short-term provisions |
79.628 |
17.208 |
15.940 |
|
Total Current Liabilities
(4) |
852.990 |
568.112 |
523.091 |
|
|
|
|
|
|
TOTAL |
2703.751 |
2081.132 |
1135.150 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
180.779 |
164.011 |
431.350 |
|
(ii) Intangible Assets |
2.516 |
4.442 |
0.549 |
|
(iii) Capital work-in-progress |
4.681 |
1.232 |
21.630 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
431.165 |
1043.485 |
229.810 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
144.453 |
148.178 |
173.787 |
|
(e) Other Non-current
assets |
2.732 |
2.765 |
2.737 |
|
Total Non-Current Assets |
766.326 |
1364.113 |
859.863 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1684.844 |
415.096 |
0.000 |
|
(b) Inventories |
155.947 |
143.939 |
156.292 |
|
(c) Trade receivables |
3.666 |
4.221 |
2.546 |
|
(d) Cash and cash
equivalents |
13.824 |
33.805 |
12.915 |
|
(e) Short-term loans and
advances |
74.318 |
110.761 |
93.950 |
|
(f) Other current assets |
4.826 |
9.197 |
9.584 |
|
Total Current Assets |
1937.425 |
717.019 |
275.287 |
|
|
|
|
|
|
TOTAL |
2703.751 |
2081.132 |
1135.150 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1534.216 |
1433.386 |
1296.325 |
|
|
|
Other Income |
39.370 |
3.240 |
121.089 |
|
|
|
TOTAL |
1573.586 |
1436.626 |
1417.414 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
95.400 |
132.317 |
76.952 |
|
|
|
Purchases of stock-in-trade |
2.131 |
4.394 |
15.150 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
3.191 |
(27.200) |
1.377 |
|
|
|
Employee benefit expense |
400.140 |
364.610 |
304.819 |
|
|
|
Other expenses |
1033.466 |
1057.072 |
928.321 |
|
|
|
Exceptional items |
(406.592) |
100.158 |
4.566 |
|
|
|
TOTAL |
1127.736 |
1631.351 |
1331.185 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
445.850 |
(194.725) |
86.229 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.490 |
0.083 |
20.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
444.360 |
(194.808) |
66.001 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
49.244 |
102.722 |
95.654 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
395.116 |
(297.530) |
(29.653) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
55.500 |
0.000 |
(0.219) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
339.616 |
(297.530) |
(29.434) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(1047.519) |
(749.989) |
(720.555) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(707.902) |
(1047.519) |
(749.989) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of manufactured goods exported |
8.338 |
10.780 |
7.636 |
|
|
|
Earnings on professional and consultation fees |
0.000 |
1.472 |
1.140 |
|
|
|
Earnings on other income |
42.103 |
35.972 |
1.710 |
|
|
|
Earnings on dividend |
0.000 |
0.000 |
119.579 |
|
|
TOTAL EARNINGS |
50.441 |
48.224 |
130.065 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
69.799 |
68.640 |
79.241 |
|
|
|
Components and spare parts |
10.617 |
26.315 |
20.584 |
|
|
|
Capital Goods |
11.289 |
20.439 |
36.869 |
|
|
TOTAL IMPORTS |
91.705 |
115.394 |
136.694 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
19.03 |
(20.34) |
(2.03) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
22.14 |
(20.76) |
(2.27) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
29.06 |
(13.58) |
6.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.42 |
(28.71) |
(3.36) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.58 |
(0.87) |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.66 |
3.29 |
(2.29) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.27 |
1.26 |
0.53 |
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 |
145.000 |
178.490 |
178.490 |
|
Reserves & Surplus |
(590.850) |
165.458 |
505.075 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(445.850) |
343.948 |
683.565 |
|
|
|
|
|
|
Long-term borrowings |
1021.477 |
1132.764 |
1132.013 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
1021.477 |
1132.764 |
1132.013 |
|
Debt/Equity ratio |
(2.291) |
3.293 |
1.656 |
%20-%20327852_MIRA%2018-Jun-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
1296.325 |
1433.386 |
1534.216 |
|
|
|
10.573 |
7.034 |
%20-%20327852_MIRA%2018-Jun-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
1296.325 |
1433.386 |
1534.216 |
|
Profit |
(29.434) |
(297.530) |
339.616 |
|
|
(2.27%) |
(20.76%) |
22.14% |
%20-%20327852_MIRA%2018-Jun-2015_files/image019.gif)
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
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 |
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 |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION:
The Company, headquartered in Mumbai, India, carries on skin care
business through Kaya Skin Clinics. The clinics offer skin care solutions using
scientific dermatological procedures and products.
REVIEW OF
OPERATIONS:
The business of the company comprises of skin care solutions to its
customers. The company’s turnover comprises service revenue and product
revenue. Net revenue from operations in FY 14 at Rs.1534.216 million grew by 7%
over FY13. Profit Before Tax and exceptional items is Rs.(11.476) million in FY
14 as against Rs. (197.372) million in FY 13. This includes Rs. (15.470)
million loss on account of 3 new Kaya Skin Bar Stores - a product based format
being prototyped. Kaya Skin Clinics chain has reported Profit Before Tax of
Rs.3.994 million during FY 14.
During the year, the company has opened one new clinic and one Kaya Skin
Bar. The company has also undertaken the refurbishment of some of the clinics
with new retail identity concept and shall continue this for balance clinic
also. The management believes that the building blocks are in place for turning
in a better operating and financial performance in future.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loan
from the holding company - Interest free (The above loan is given
by the holding company to provide long-term funding support to the Company.
There are no specific terms of repayment of the loan.) |
1132.013 |
1132.764 |
|
Total |
1132.013 |
1132.764 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10521879 |
19/09/2014 |
1,309,198.81 |
CITI BANK N.A. |
PLOT NO C-54 AND C-55,
G-BLOCK, MUMBAI, MAHARASHTRA - 400051, INDIA |
C22292965 |
|
2 |
10469073 |
21/01/2014 * |
150,000,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, NARIMAN BHAVAN,
227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B94801669 |
* Date of charge modification
(a) CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Claims against the
Company not acknowledge as debts |
|
|
|
- Income tax matters |
128.532 |
16.083 |
|
- Sales tax matters |
28.563 |
7.196 |
|
- Services tax matters |
172.919 |
3.746 |
|
- Claims by the customers |
3.750 |
3.750 |
|
Total |
333.764 |
30.775 |
In respect of above, future cash outflows is determinable only on receipt
of judgments pending at various forums / authorities.
(b) The Company has been sanctioned cash credit and letter of credit
facilities of Rs.80.000 million (Rs.80.000 million) by banks. These facilities
are having lien on the assets of the company. Amount outstanding towards these
facilities on account of letter of credit is Rs.1.899 million (Previous year
Rs.7.665 million).
FIXED ASSETS:
Tangible Assets
·
Computer Hardware,
Related Peripherals etc.
·
Technologically
Advanced Machineries
·
Other Plant and
Equipment
·
Furniture and
Fixtures (Including lease hold improvements)
Intangible Assets
·
Computer Software
·
Trade marks /
copyrights
WEBSITE DETAILS:
ARTICLES/ NEWS:
SCHEME OF AMALGAMATION OF MARICO KAYA
ENTERPRISES LIMITED
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation of Marico Kaya Enterprises Limited with Kaya Limited as approved by the Hon’ble High Court of Bombay, Marico Kaya Enterprises Limited and Kaya Limited has fixed a Record Date to determine the entitlement of shareholders of Marico Kaya Enterprises Limited to the equity shares of Kaya Limited.
Trading Members are advised not to deal in the equity shares of Marico Kaya Enterprises Limited with effect from the under mentioned date.
|
COMPANY NAME CODE |
RECORD DATE |
PURPOSE |
NO DEALINGS FROM |
|
Marico Kaya Enterprises Limited (538503) |
27.05.2015 |
The Scheme of Amalgamation: - Amalgamation of Marico Kaya Enterprises Limited
with Kaya Limited. Upon the Scheme becoming effective, in
consideration of transfer and vesting of the Undertaking of Marico Kaya
Enterprises Limited in Kaya Limited, Kaya Limited shall issue and allot
shares to all the shareholders of Marico Kaya Enterprises Limited in the following
share exchange ratio: 1 (ONE) equity share
of Rs.10/- each of Kaya Limited for
every 1
(ONE) equity share of Rs.10/
each held in Marico Kaya Enterprises Limited |
26/05/2015 DR-038/2015-2016 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.64.11 |
|
UK Pound |
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
44 |
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.