MIRA INFORM REPORT
|
Report No. : |
328228 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBUS SPIRITS LIMITED |
|
|
|
|
Registered
Office : |
F-0, Ground Floor, The Mira Corporate Suites, Plot No.1 and 2, Ishwar Nagar,
Mathura Road, New Delhi – 110065, India |
|
Tel. No.: |
91-11-66424600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
16.02.1993 |
|
|
|
|
Com. Reg. No.: |
55-052177 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 287.993 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74899DL1993PLC052177 |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer and Seller of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol and Franchise Bottling. |
|
|
|
|
No. of Employees
: |
244 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 10145000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company incorporated in the year 1993, having
fine track record. Rating takes into consideration the sound financial risk profile of
the company marked by strong net worth and low gearing. Further rating strengthens on account of company’s experience promoter
and management term, significant presence in the country Liquor segment. However, rating constrained because of low profit margin recorded by
the company in the FY15. Overall financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. 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.
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 |
CARE |
|
Rating |
Long Term Bank Facility = A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
02.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank facility = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest
credit risk. |
|
Date |
02.02.2015 |
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
MANAGEMENT NON-COOPERATIVE
(Tel. No: 91-11-66424600)
LOCATIONS
|
Registered/ Corporate Office : |
F-0, Ground Floor, The Mira Corporate Suites, Plot No.1 and 2, Ishwar
Nagar, Mathura Road, New Delhi – 110065, India |
|
Tel. No.: |
91-11-66424600 |
|
Fax No.: |
91-11-66424629 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Village - Shyampur,
Tehsil - Behror, District Alwar 301701, Rajasthan, India |
|
|
|
|
Factory 2 : |
4 K.M., Chulkana Road,
Village - Samalkha, District Panipat - 132101, Haryana, India |
|
|
|
|
Factory 3 : |
National Highway, Hisar
Bye-pass, Hisar, Haryana 125044, India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Gautam Premnath Khandelwal |
|
Designation : |
Chairman |
|
Date of Birth/Age : |
51 Years |
|
Qualification : |
B
A (Economics) |
|
Expertise In Specific
Functional Area : |
Prominent Industrialist
having wide Business Experience. |
|
Date of Appointment : |
16.02.1993 |
|
Other Directorship : |
·
Nagpur Power and Industries Limited ·
Informed Technologies India Limited |
|
|
|
|
Name : |
Mr. Ajay Kumar Swarup |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Shekhar Swarup |
|
Designation : |
Executive Director |
|
Date of Birth/Age : |
28
Years |
|
Qualification : |
Degree in Business and
Management from University of Bradford, UK |
|
Expertise In
Specific Functional Area : |
A strategic planner and a
marketer at heart, he started up the branded liquors Division in the company. |
|
Date of Appointment : |
26.05.2012 |
|
Other Directorship : |
·
Himalayan Spirits Limited ·
Globus Spirits (Jharkhand) Limited ·
Globus Trois Freres India Limited ·
Chandbagh Investments Limited |
|
|
|
|
Name : |
Mr. Manik Lal Dutta |
|
Designation : |
Executive Director |
|
Date of Birth/Age : |
68
Years |
|
Qualification : |
M.
Tech, PGDBM |
|
Expertise In
Specific Functional Area : |
He is the overall
in-charge and responsible for production, planning, IMFL blends, brand development
etc. |
|
Date of Appointment : |
01.08.2006 |
|
Other Directorship : |
·
Himalayan Spirits Limited ·
Globus Spirits (Jharkhand) Limited ·
Globus Trois Freres India Limited ·
Chandbagh Investments Limited |
|
|
|
|
Name : |
Dr. Bhaskar Roy |
|
Designation : |
Executive Director and Chief Finance Officer |
|
Date of Birth/Age : |
51
Years |
|
Qualification : |
M.Com,
FCA, PHD |
|
Expertise In
Specific Functional Area : |
He has vast experience in
Strategic Financial Planning and controlling, Fund Management, Accounts,
Auditing, Budgeting and MIS etc. |
|
Date of Appointment : |
22.10.2009 |
|
Other Directorship : |
·
Globus Spirits (Jharkhand) Limited ·
Globus Trois Freres India Limited |
|
|
|
|
Name : |
Mr. Rajesh Sehgal |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Mr. Joginder Singh Dhamija |
|
Designation : |
Non-Executive and Independent Director |
|
Date of Birth/Age : |
80
Years |
|
Qualification : |
B.A,
LLB, PCS (Retd.) |
|
Expertise In
Specific Functional Area : |
He has got almost 50
years of vast experience in heading many distilleries and brewery
units. |
|
Date of Appointment : |
20.02.2007 |
|
|
|
|
Name : |
Mr. Santosh Kumar Bishwal |
|
Designation : |
Non-Executive and Independent Director |
|
Date of Birth/Age : |
67
Y ears |
|
Qualification : |
B. Sc. (Eng) Mech, M.
Tech (IIT) (Industrial Engg and Operations Research) |
|
Expertise In
Specific Functional Area : |
He has vast experience in
entire manufacturing process of distilleries and brewery units. |
|
Date of Appointment : |
20.02.2007 |
|
Other Directorship : |
Kalinga Hospitals Limited |
|
|
|
|
Name : |
Mr. Vivek Gupta |
|
Designation : |
Non-Executive and Independent Director |
|
Date of Birth/Age : |
46
Years |
|
Qualification : |
B.Com (Hons) from Delhi
University |
|
Expertise In
Specific Functional Area : |
He is a prominent
Industrialist and has over 20 years’ experience in the corporate sector. |
|
Date of Appointment : |
11.08.2012 |
|
Other Directorship : |
·
Delton Cables Limited ·
Vishranti Trading Enterprises Limited ·
B and M Trading and Investments Company
Limited ·
Saneh Industrial Investmnts Limited ·
Ram Kumar Gupta and Sons Limited ·
Delton International Limited |
|
|
|
|
Name : |
Mr. Kunal Agarwal |
|
Designation : |
Non-Executive and Independent Director |
|
Date of Birth/Age : |
27 Years |
|
Qualification : |
A.B. (Hons.) degree in
Economics from Harvard College |
|
Expertise In Specific
Functional Area : |
He is an Industrialist
and has experience in senior management in the corporate sector. |
|
Date of Appointment : |
11.08.2012 |
KEY EXECUTIVES
|
Name : |
Dr. Bhaskar Roy |
|
Designation : |
Executive Director and Chief Finance Officer |
|
Date of Birth/Age : |
51
Y ears |
|
Qualification : |
M.Com,
FCA, PHD |
|
Experience : |
He
has vast experience in Strategic Financial Planning and controlling, Fund
Management, Accounts, Auditing, Budgeting and MIS etc. |
|
Date of Appointment : |
22.10.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of Shareholders |
No. of Shares |
Percentage of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
3329600 |
11.56 |
|
|
12906464 |
44.82 |
|
|
16236064 |
56.38 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
16236064 |
56.38 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
1844017 |
6.40 |
|
|
20843 |
0.07 |
|
|
56322 |
0.20 |
|
|
0 |
0.00 |
|
|
1921182 |
6.67 |
|
|
|
|
|
|
699998 |
2.43 |
|
|
|
|
|
|
3768612 |
13.09 |
|
|
661074 |
2.30 |
|
|
5512338 |
19.14 |
|
|
2415 |
0.01 |
|
|
338864 |
1.18 |
|
|
132891 |
0.46 |
|
|
5038168 |
17.49 |
|
|
10642022 |
36.95 |
|
Total Public shareholding (B) |
12563204 |
43.62 |
|
Total (A)+(B) |
28799268 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
28799268 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of Indian Made Indian Liquor
(IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol and Franchise
Bottling. |
|
|
|
|
Products : |
-- |
|
|
|
|
Brand Names : |
·
Nimboo ·
Heer Ranjha ·
Goldee ·
Ghoomer · Narangi |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
-- |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
No. of Employees : |
244 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India ·
HDFC Bank Limited ·
HSBC Bank ·
Yes Bank Limited ·
Standard Chartered Bank |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7 Floor, Building
10, DLF Cyber City Complex, DLF City Phase - II, Gurgaon -122002, Haryana,
India |
|
|
|
|
Associates (As On 31.03.2014) : |
Chandbagh
Investments Limited |
|
|
|
|
Entities In Which
KMP Can Exercise Significant Influent (As On 31.03.2014) : |
·
Biotech India Limited ·
Chandbagh Investments Limited ·
GRAS education and training Services
Private Limited ·
Himalayan Spirits Limited ·
Globus Spirits (Jharkhand) Limited ·
Globus Trois Freres India Limited ·
Globus Feeds Private Limited ·
V C technologies Private Limited ·
Northen India Alcohol Sales Private Limited ·
Rajasthan Distilleries Private Limited · Associated Distilleries Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 287.993
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs. 10/- each |
Rs. 350.000 Million |
|
5100000 |
Preference Shares |
Rs. 140/- each |
Rs. 714.000 Million |
|
|
Total |
|
Rs. 1064.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22997741 |
Equity Shares |
Rs. 10/- each |
Rs. 229.977
Million |
|
5038168 |
Preference Shares |
Rs. 140/-
each |
Rs. 705.343
Million |
|
|
Total |
|
Rs. 935.320
Million |
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
287.993 |
935.320 |
935.320 |
|
(b) Reserves & Surplus |
3262.663 |
2545.676 |
2540.821 |
|
(c) Money received against share warrants |
0.000 |
26.717 |
26.717 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3550.656 |
3507.713 |
3502.858 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
499.643 |
204.203 |
328.492 |
|
(b) Deferred tax liabilities (Net) |
468.031 |
493.741 |
384.198 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
12.220 |
10.795 |
11.446 |
|
Total
Non-current Liabilities (3) |
979.894 |
708.739 |
724.136 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
729.550 |
691.156 |
401.478 |
|
(b)
Trade payables |
781.122 |
791.558 |
807.527 |
|
(c)
Other current liabilities |
383.204 |
255.638 |
425.278 |
|
(d)
Short-term provisions |
22.064 |
12.025 |
74.327 |
|
Total
Current Liabilities (4) |
1915.940 |
1750.377 |
1708.610 |
|
|
|
|
|
|
TOTAL |
6446.490 |
5966.829 |
5935.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4917.171 |
3858.857 |
3790.804 |
|
(ii)
Intangible Assets |
0.000 |
288.660 |
360.825 |
|
(iii)
Capital work-in-progress |
0.000 |
289.581 |
208.125 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.967 |
0.298 |
1.177 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
443.514 |
376.700 |
216.891 |
|
(e)
Other Non-current assets |
1.920 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
5363.572 |
4814.096 |
4577.822 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.728 |
0.685 |
0.639 |
|
(b)
Inventories |
500.530 |
455.238 |
346.223 |
|
(c)
Trade receivables |
381.535 |
472.966 |
618.391 |
|
(d)
Cash and cash equivalents |
64.317 |
63.770 |
311.349 |
|
(e)
Short-term loans and advances |
131.605 |
157.374 |
76.926 |
|
(f)
Other current assets |
4.203 |
2.700 |
4.254 |
|
Total
Current Assets |
1082.918 |
1152.733 |
1357.782 |
|
|
|
|
|
|
TOTAL |
6446.490 |
5966.829 |
5935.604 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5856.737 |
4964.998 |
5017.835 |
|
|
|
Other Income |
43.562 |
28.978 |
48.818 |
|
|
|
TOTAL (A) |
5900.299 |
4993.976 |
5066.653 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3512.907 |
3229.386 |
2946.689 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
6.724 |
(146.481) |
60.065 |
|
|
|
Employees benefits expense |
143.068 |
121.362 |
128.061 |
|
|
|
Exceptional Items |
0.000 |
59.635 |
0.000 |
|
|
|
Other expenses |
1706.710 |
1311.007 |
1179.977 |
|
|
|
TOTAL (B) |
5369.409 |
4574.909 |
4314.792 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
530.890 |
419.067 |
751.861 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
140.671 |
101.566 |
64.948 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
390.219 |
317.501 |
686.913 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
287.263 |
284.790 |
164.893 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
102.956 |
32.711 |
522.020 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
32.286 |
(10.053) |
180.163 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
70.670 |
42.764 |
341.857 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods Calculated on FOB Basis |
NA |
201.097 |
15.138 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
42.265 |
87.971 |
|
|
|
Finished Goods |
325.660 |
179.179 |
|
|
|
|
Packing Material |
56.630 |
55.675 |
|
|
|
|
Fuel, Stores and Spares |
30.683 |
23.398 |
|
|
|
TOTAL IMPORTS |
NA |
455.238 |
346.223 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
1.96 |
0.16 |
14.81 |
|
|
|
Diluted |
1.93 |
0.15 |
14.73 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
134.179 |
135.608 |
|
|
|
|
|
|
Cash generated from operations |
NA |
406.098 |
787.135 |
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2014 |
30.09.2014 |
31.12.2014 |
31.03.2015 |
|
Type |
1st
Quarter Unaudited
|
2nd
Quarter Unaudited |
3rd
Quarter Unaudited |
4stQuarter Unaudited |
|
Net Sales |
1409.640 |
1364.920 |
1555.610 |
1526.570 |
|
Total Expenditure |
1286.230 |
1250.740 |
1457.330 |
1375.130 |
|
PBIDT (Excl OI) |
123.410 |
114.180 |
98.280 |
151.440 |
|
Other Income |
7.630 |
3.940 |
12.240 |
19.760 |
|
Operating Profit |
131.040 |
118.120 |
110.520 |
171.200 |
|
Interest |
35.040 |
40.680 |
38.900 |
26.040 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
PBDT |
96.000 |
77.440 |
71.620 |
145.160 |
|
Depreciation |
74.500 |
65.100 |
70.490 |
77.170 |
|
Profit Before Tax |
21.500 |
12.340 |
1.130 |
67.990 |
|
Tax |
0.000 |
0.000 |
0.000 |
32.290 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
21.500 |
12.340 |
1.130 |
35.700 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
21.500 |
12.340 |
1.130 |
35.700 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.21 |
0.86 |
6.81 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.06 |
8.44 |
14.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.60 |
0.58 |
9.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.01 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.35 |
0.29 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.57 |
0.66 |
0.79 |
STOCK
PRICES
|
Face Value |
Rs. 10/- |
|
|
|
|
Market Value |
Rs. 46.35/- (BSE) |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
935.320 |
935.320 |
287.993 |
|
Reserves & Surplus |
2540.821 |
2545.676 |
3262.663 |
|
Money received against share
warrants |
0.000 |
26.717 |
26.717 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3476.141 |
3507.713 |
3577.373 |
|
|
|
|
|
|
Long-term borrowings |
328.492 |
204.203 |
499.643 |
|
Short term borrowings |
401.478 |
691.156 |
729.550 |
|
Total
borrowings |
865.578 |
1029.538 |
1229.193 |
|
Debt/Equity
ratio |
0.249 |
0.294 |
0.344 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5017.835 |
4964.998 |
5856.737 |
|
|
|
(1.053) |
17.961 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5017.835 |
4964.998 |
5856.737 |
|
Profit |
341.857 |
42.764 |
70.670 |
|
|
6.81% |
0.86% |
1.21% |
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 |
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) |
No |
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10525433 |
27/09/2014 |
400,000,000.00 |
LAKSHMI
VILAS BANK LIMITED |
FLAT
NO.GF-8-9-10, TOLSTOY HOUSE, 15 17, TOLSTOY MARG, JANPATH, NEW DELHI,
DELHI - 110001, INDIA |
C29284718 |
|
2 |
10522094 |
25/09/2014 |
150,000,000.00 |
AXIS
BANK LIMITED |
2ND
FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001,
INDIA |
C22515944 |
|
3 |
10496507 |
22/05/2014 |
40,000,000.00 |
INDUSIND
BANK LIMITED |
DR.
GOPAL DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
C05094859 |
|
4 |
10496513 |
22/05/2014 |
200,000,000.00 |
INDUSIND
BANK LIMITED |
DR. GOPAL
DAS BHAWAN, 28, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
C05099064 |
|
5 |
10494386 |
24/03/2014 |
1,000,000,000.00 |
AXIS
BANK LIMITED |
AXIS
BANK LIMITED, 148, BARAKHAMBA ROAD, NEW DELH |
C03152261 |
|
6 |
10435581 |
20/06/2013 |
150,000,000.00 |
STANDARD
CHARTERED BANK |
CREDIT
DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, DELHI -
110001, INDIA |
B79074399 |
|
7 |
10330710 |
30/07/2012
* |
250,000,000.00 |
HDFC
BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA,
INDIA |
B55874366 |
|
8 |
10297804 |
13/09/2012
* |
150,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA TOWERS,
25, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B57720880 |
|
9 |
10297797 |
13/09/2012
* |
280,000,000.00 |
THE
HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
BIRLA
TOWERS, 25, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B57721128 |
|
10 |
10262847 |
29/10/2013
* |
150,000,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI,
MUMBAI - 400018, MAHARASHTRA, INDIA |
B88328703 |
|
11 |
10258041 |
30/03/2011
* |
30,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013,
MAHARASHTRA, INDIA |
B17403569 |
|
12 |
10246022 |
30/03/2011
* |
50,000,000.00 |
HDFC
BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA,
INDIA |
B19104710 |
|
13 |
10016173 |
23/02/2012
* |
635,700,000.00 |
STATE
BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH, 14-15TH FLOOR, JAWAHA |
B35015288 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other Loans and Advances |
1.766 |
1.766 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Others |
|
|
|
Overdraft |
14.563 |
47.611 |
|
|
|
|
|
Total |
16.329 |
49.377 |
CORPORATE
INFORMATION (AS ON 31.03.2014)
Globus Spirits Limited (the
Company) is a public Company domiciled in India and incorporated under the
provisions of the Companies Act, 1956. The Company is primarily engaged in the
business of manufacture and sale of Indian Made Indian Liquor (IMIL), Indian
Made Foreign Liquor (IMFL), Bulk Alcohol and Franchise Bottling.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Contingent liabilities |
|
|
|
Claims against the Company not acknowledged as debt Excise duty matters |
18.081 |
3.875 |
|
Income tax matters |
21.544 |
0.000 |
|
Other matters |
7.586 |
0.000 |
|
Guarantees |
|
|
|
Guarantees by bank on behalf of company |
36.733 |
1.379 |
FIXED ASSETS:
· Freehold Land
· Building
· Plant and Equipments
· Furniture and Fixtures
· Vehicle
· Office Equipment
· Computer
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.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
IND / ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.