MIRA INFORM REPORT

 

 

Report No. :

328287

Report Date :

24.06.2015

 

IDENTIFICATION DETAILS

 

Name :

DHARAMPAL SATYAPAL LIMITED

 

 

Registered Office :

1711, S.P. Mukherjee Marg, Delhi – 110006

Tel. No.:

91-120-4032200

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.12.1989

 

 

Com. Reg. No.:

55-038613

 

 

Capital Investment / Paid-up Capital :

Rs. 215.143 Million

 

 

CIN No.:

[Company Identification No.]

U52110DL1989PLC038613

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELD06425G

 

 

PAN No.:

[Permanent Account No.]

AAACD0132H

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is engaged in the businesses of manufactures and Markets chewing tobacco and pan masala, mouth freshener and dairy products.

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A (65)

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

USD 39000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in 1989, it is the flagship company of DS Group which was founded by Shri Dharampal Ji and Shri Satyapal Ji.

 

Subject is engaged in the businesses of manufactures and Markets chewing tobacco and pan masala, mouth freshener and dairy products.

 

It is an established company having fine track record.

 

Financial position of the company appears to be strong. Overall fundamentals of the company appears to be sound and healthy.

 

It is leading player in the premium pan masala industry in India on the back of its strong brand appeal and a widespread distribution network.

 

Directors are reported to be experienced and respectable businessmen.

 

Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment.

 

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.

 

 

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

ICRA

Rating

Long term fund based limits: A+

Rating Explanation

Have adequate degree of safety and low credit risk.

Date

April 2015

 

 

Rating Agency Name

ICRA

Rating

Short term fund based limits: A+

Rating Explanation

Have adequate degree of safety and low credit risk.

Date

April 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 BY

 

Name :

Mr. Sanjay

Designation :

Accountant

Contact No.:

91-120-4032200

Date :

22.06.2015

 

 

LOCATIONS

 

Registered Office :

1711, S.P. Mukherjee Marg, Delhi – 110006, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

companysecretary@dsgroup.com

Website :

http://www.dsgroupindia.com

 

 

Corporate Office :

A-85, Sector 2,  Noida – 201301, Uttar Pradesh, India

Tel. No.:

91-120-4032200/ 2522140/ 3083333

Fax No.:

91-120-2522592/ 3083552

E-Mail :

ds@dsgroup.com

 

 

Factory:

Baltola District, Kamrup, Guwahati - 781021, Assam, India

 

 

Manufacturing Units :

Located at:

 

·         T&R Division at Guwahati

·         Food Division at Noida

·         Agartala

 

 

DIRECTORS

 

AS ON 26.09.2014

 

Name :

Mr. Rajiv Kumar

Designation :

Director

Address :

E-1A, Maharani Bagh, New Delhi – 110065, India

Date of Birth/Age :

03.12.1962

Qualification :

Graduate

Date of Appointment :

01.04.2011

PAN No.:

AAAPK4569Q

DIN No.:

00028328

 

 

Name :

Mr. Ravinder Kumar

Designation :

Director

Address :

E-1A, Maharani Bagh, New Delhi – 110065, India

Date of Birth/Age :

24.06.1954

Qualification :

Graduate

Date of Appointment :

07.03.2008

PAN No.:

AAAPK4245M

DIN No.:

00111113

 

 

Name :

Mr. Puesh Kumar Gupta

Designation :

Whole-time director

Address :

43/1, Rajpur Road, Delhi – 110054, India

Date of Birth/Age :

27.09.1968

Qualification :

Graduate

Date of Appointment :

01.04.2013

PAN No.:

AAFPG4363L

DIN No.:

00041847

 

 

Name :

Mr. Ajay Kumar Gupta

Designation :

Whole-time director

Address :

43/1, Rajpur Road, Delhi – 110054, India

Date of Birth/Age :

18.11.1966

Qualification :

Graduate

Date of Appointment :

01.01.2011

PAN No.:

AADPG4244K

DIN No.:

00040429

 

 

Name :

Mr. Rajesh Kumar

Designation :

Whole-time director

Address :

A-16, Sector-26, Noida – 201301, Uttar Pradesh, India 

Date of Birth/Age :

26.07.1964

Qualification :

Graduate

Date of Appointment :

01.05.2012

PAN No.:

AAJPK4069L

DIN No.:

00029334

 

 

Name :

Mr. Atul Jain

Designation :

Whole-time director

Address :

W-102, Greater Kailash Part –I, New Delhi – 110048, India

Date of Birth/Age :

21.02.1965

Qualification :

Graduate

Date of Appointment :

01.05.2012

PAN No.:

ADNPJ3356N

DIN No.:

00060933

 

 

Name :

Mr. Ritesh Kumar

Designation :

Director

Address :

E-1A, Maharani Bagh, New Delhi – 100065, India

Date of Birth/Age :

03.09.1982

Qualification :

Graduate

Date of Appointment :

15.09.2005

DIN No.:

00110720

 

 

Name :

Mr. Anil Kumar Agarwal

Designation :

Director

Address :

C-26, Block C, Greater Kailash –I, New Delhi – 110048, India

Date of Birth/Age :

18.03.1958

Qualification :

Chartered Accountant

Date of Appointment :

28.02.2013

DIN No.:

00648243

 

 

Name :

Mr. Chander Kant Sharma

Designation :

Whole-time director

Address :

House No. 74, Asiad Village, Complex, New Delhi -110049, India

Date of Birth/Age :

14.01.1953

Qualification :

LLM, Executive Master In International Business

Date of Appointment :

01.05.2012

DIN No.:

03504135

 

 

Name :

Mr. Sunil Kumar Bansal

Designation :

Whole-time director

Address :

B--1/49-50, Malka Ganj, Delhi - 110007, India

Date of Birth/Age :

24.09.1963

Date of Appointment :

01.03.2014

DIN No.:

01460570

 

 

KEY EXECUTIVES

 

Name :

Mr. Amrendra Bahadur Singh

Designation :

Secretary

Address :

F 272/B, Pandav Nagar, New Delhi – 110091, India

Date of Birth/Age :

15.11.1965

Date of Appointment :

17.11.2007

PAN No.:

AAKPS7432A

 

 

Name :

Mr. Sanjay

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 26.09.2014

 

Names of Shareholders (Class A)

 

 

No. of Shares

Rajiv Kumar

 

4075867

Sunita Gupta

 

4091500

Suruchi

 

215144

Swati

 

215144

Rohan Kumar

 

963947

Riti

 

215144

Ravinder Kumar

 

4088820

Rita Kumari

 

4092453

Ritesh Kumar

 

531825

Raghav Kumar

 

531824

Ravi Kumar

 

531824

Samit Goela

 

70267

Puesh Kumar

 

348641

Sudha Rani Gupta

 

30114

Vipul Gupta

 

118879

Amogh

 

19595

Vinod Kumari Gupta

 

60229

Ajay Kumar

 

768411

Ved Prakash Gupta

 

77255

Rita Gupta

 

30114

Rachna Gupta

 

147031

Aruna Gupta

 

147020

Rakesh Kumar Gupta

 

71637

Rajesh Kumar Gupta

 

71624

 

 

 

Total

 

21514309

 

Names of Shareholders (Class B)

 

 

No. of Shares

Rajiv Kumar

 

1432061

Sunita Gupta

 

1437554

Suruchi

 

75591

Swati

 

75591

Rohan Kumar

 

338684

Riti

 

75591

Ravinder Kumar

 

1436612

Rita Kumari

 

1437889

Ritesh Kumar

 

186857

Raghav Kumar

 

186857

Ravi Kumar

 

186857

Samit Goela

 

24688

Puesh Kumar

 

122495

Sudha Rani Gupta

 

10581

Vipul Gupta

 

41768

Amogh

 

269982

Vinod Kumari Gupta

 

21162

Ajay Kumar

 

6885

Ved Prakash Gupta

 

27144

Rita Gupta

 

10581

Rachna Gupta

 

51660

Aruna Gupta

 

51656

Rakesh Kumar Gupta

 

25170

Rajesh Kumar Gupta

 

25165

 

 

 

Total

 

7559081

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 26.09.2014

 

Category

Percentage

Directors or relatives of Directors

97.14

Other top fifty shareholders

2.86

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the businesses of manufactures and Markets chewing tobacco and pan masala, mouth freshener and dairy products.

 

 

Products :

Item Code No.

Product Description

21069020

Pan Masala

 

 

Brand Names :
  • Tulsi
  • Rajnigandha
  • Pass Pass
  • Ksheet

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :
  • Axis Bank Limited, B2 and B3, Sector-16, Noida, Noida - 201301, Uttar Pradesh, India
  • The Ratnakar Bank Limited, Shahupuri, Kolhapur, Vypari Peth, Kolhapur - 416001, Maharashtra, India
  • ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
  • The State Bank of Bikaner and Jaipur, 16/67-68, Faiz Road, Karol Bagh, Delhi - 110005, Delhi, India
  • State Bank of India, Chandni Chowk, New Delhi, India
  • Industrial Development Bank of India,  IDBI Tower, Cuffe Parade Colaba, Mumbai - 400005, Maharashtra, India

 

Banker Name

Yes Bank Limited

Branch Address

9th Floor, Nehru Centre, Discovery of India,  Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Non-convertible debentures others

500.000

500.000

Term loans from banks

3429.454

2440.243

Term loans from others

21.192

313.291

Other loans and advances, others

0.000

90.855

SHORT TERM BORROWING

 

 

Working capital loans from banks

2220.193

2214.827

Total

6170.839

5559.216

 

Banking Relations :

 

 

 

Financial Institution :

IDBI Trusteeship Services Limited, Asian Bldg., Ground Floor, 17, R.Kamani Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India

 

 

Auditors 1 :

 

Name :

Jain Singhal and Associates

Chartered Accountants

Address :

H No 100, Iind Floor Street No 5, Krishna Nagar, Po Safdarjung Enclave New

Delhi - 110029 India

Income-tax PAN of auditor or auditor's firm :

AAAFJ1819Q

 

Auditors 2 :

 

Name :

H. R. Surendra and Associates

Chartered Accountants

Address :

F - 11 / B, Sector-27, Noida-201301, Uttar Pradesh, India

Income-tax PAN of auditor or auditor's firm :

AAGPG5425K

 

 

Collaborators :

--

 

 

Wholly-owned Subsidiary (WOS):
  • Abhisar Buildwell Private Limited
  • Avichal Buildcon Private Limited
  • Best Broadcasting Company Limited
  • Bharat Broadcasting Company Limited
  • Catch Foods (India) Limited
  • Divyansh Cement and Infrastructure Private Limited
  • Divyansh Mining Developers Private Limited
  • Divyansh Powergen Private Limited*
  • DS Agrarian Estates Limited,
  • DS Agri And Cattle Farms Limited *
  • DS Agronomy Limited *
  • DS Arboriculture and Farms Limited*
  • DS Businesses AG
  • DS Cattle Farms Limited *
  • DS Confectioner Limited (Formerly known as Sindhudurg Goa Luxury Hotels and Resorts Private Limited)
  • DS Dairy and Agri Projects Limited *
  • DS Dairy Farming Limited *
  • DS Gross Dairy Products Limited
  • DS Guinee SARL
  • DS India Agri And Dairy Limited *
  • DS Luxury Retail Limited
  • DSL Global Pte. Limited
  • Hillside Mines and Minerals Private Limite
  • Mount Mines and Minerals Private Limited
  • Nilanchaal Cement Private Limited
  • Prive Luxury Limited (formerly known as DS Luxury Couture Limited)
  • Sandharbh Foods Private Limited (Formerly known as Sandharbh Dwellers Private Limited)*
  • Snow White Dairy Products Limited

 

 

Subsidiary:
  • DS (Assam) Hospitality Limited *
  • DS Tsukioka Luxury Food Limited *
  • Kolkatta Hotels Limited*

 

Note: * Also covered under condition-E of Indian Accounting Standard-18- Related Party

 

 

Associates and Joint ventures:

 

Joint ventures:
  • Guwahati Metropolitan Development Authority

Venture – Setting up of five star category hotel at Guwahati (Assam)

  • Tsukioka Company Limited, Japan(TCL)

 

 

Enterprises over which Key Managerial Personnel are able to exercise significant influence:
  • Abiba Buildtech and Consulting Private Limited
  • Asija Construction Private Limited
  • Adita Buildcon Private Limited
  • Aar Ess International Private Limited
  • Baba Global Limited,Baba Tobacco Limited
  • Baba Galva Private Limited
  • DS Charitable Trust
  • DS Hotels and Resorts (India) Limited
  • Dharampal Satyapal Sons Private
  • Limited,DS Infra Projects Private Limited
  • Dharampal Premchand Limited
  • DS Group Hospitality Private Limited
  • DS Realty and Realtor Private Limited
  • DS Agri Tech Products Private Limited
  • DS Drinks and Beverages Private Limited
  • DS Canpack Private Limited
  • DS Spiceco Private Limited
  • Four Seasons Flavour Company
  • Fairdeal Papers
  • Gatik Infratech Private Limited
  • Ganeshjee Overseas Inc
  • GR Food Fashion and Packaging Private Limited
  • Jaishree Santoshi Enterprise
  • Kalki Builders and Developers
  • Kalki Buildwell Private Limited
  • Meenakshi Stores
  • Multiplex Corporation Private Limited
  • Manu Maharani Hotels Limited
  • Mars Dwellers Private Limited
  • Multiplex Corporation
  • Navkar Tech Tex Private Limited
  • Oojam Dwellers Private Limited
  • Prakruti Design LLP
  • Pravek Kalp Private Limited (Formerly known as Pravek Kalp Herbal Products Private Limited)
  • Parivesh Developers and Builders Private Limited
  • Polytron Industries Private Limited
  • Quality Agri Farms Private Limited
  • Raijin Infradwellers and Advisors Private Limited
  • Reliable Associates Private Limited
  • R K Technology and Investment PTE Limited (Formerly known as Innovative Foods Technopacks pte. Limited.)
  • RS Dairy Farms Private Limited
  • RKP Infratech and warehousing Private Limited
  • Redfort Infosec Solution LLP
  • Superior Dairy Farms Private Limited
  • SR Cattles Farms Private Limited
  • S.R Infra Heights Private Limited
  • Surajmal Srikishan Milk Farms Private Limited
  • Sweetdreams Amusement Park Private Limited (Formerly known as OK Hotels and Resorts Private Limited)
  • Salaj Buildwell Private Limited
  • Sankalp Infrastructure Private Limited
  • Spiritual Infrastructure Private Limited
  • Silvertech Construction Private Limited
  • S R Credits Private Limited
  • Santoshi Enterprises
  • Shree Santoshi Udyog
  • Shree Santoshi Industries
  • Swastik Fragrances
  • SR Group of Industries
  • Surajmal Srikishan,
  • Swastik Udyog
  • Suryakiran Finance Corporation
  • Suryakiran Trading Corporation
  • Swastiksubham International Limited
  • Tanishq Builcon Private Limited
  • Tanishq estates Private Limited
  • Toppers marketing Private Limited
  • Tanay Buildwell Private Limited
  • Ultimate Agri Company Private Limited
  • Versatile Infrastructure Private Limited
  • Venus Dwellers Private Limited
  • Venus Dwelling Project Private Limited
  • Virat Dwellers Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 26.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

70000000

Equity Shares

Rs. 10/- each

Rs. 700.000 Million

4000000

Preference Shares

Rs. 10/- each

Rs. 40.000 Million

 

 

 

 

 

Total

 

Rs. 740.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

29073390

Equity Shares

Rs. 10/- each

Rs. 290.734 Million

 

 

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

70000000

Equity Shares

Rs. 10/- each

Rs. 700.000 Million

4000000

Preference Shares

Rs. 10/- each

Rs. 40.000 Million

 

 

 

 

 

Total

 

Rs. 740.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

21514309

Equity Shares

Rs. 10/- each

Rs. 215.143 Million

 

 

 

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

215.143

215.143

215.143

(b) Reserves & Surplus

9357.785

10904.350

8371.222

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Deferred Government Grants

4226.562

4338.897

4457.847

Total Shareholders’ Funds (1) + (2)

13799.490

15458.390

13044.212

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

3950.646

3344.389

2008.984

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

292.136

162.132

73.513

(d) long-term provisions

28.178

21.085

13.063

Total Non-current Liabilities (3)

4270.960

3527.606

2095.560

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

3492.191

2840.010

2551.014

(b) Trade payables

2216.047

1635.188

1107.409

(c) Other current liabilities

4817.966

3706.301

2064.656

(d) Short-term provisions

2063.740

786.976

405.182

Total Current Liabilities (4)

12589.944

8968.475

6128.261

 

 

 

 

TOTAL

30660.394

27954.471

21268.033

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

2531.107

1671.755

1573.006

(ii) Intangible Assets

15.314

6.918

10.186

(iii) Capital work-in-progress

4602.893

2402.807

888.163

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

8346.427

12391.843

9582.276

(c) Deferred tax assets (net)

44.706

69.160

64.788

(d)  Long-term Loan and Advances

2872.198

2977.402

2236.595

(e) Other Non-current assets

50.369

15.524

103.862

Total Non-Current Assets

18463.014

19535.409

14458.877

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

4637.292

3409.183

2948.259

(c) Trade receivables

3311.637

1606.914

428.311

(d) Cash and cash equivalents

846.617

1546.970

2553.974

(e) Short-term loans and advances

3357.910

1804.761

853.102

(f) Other current assets

43.924

51.234

25.510

Total Current Assets

12197.380

8419.062

6809.156

 

 

 

 

TOTAL

30660.394

27954.471

21268.033

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

29873.134

20949.691

13591.417

 

Other Income

448.000

192.215

165.630

 

TOTAL (A)

30321.134

21141.906

13757.047

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

14146.783

10521.149

7698.446

 

Purchases of Stock-in-Trade

47.015

17.396

62.623

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(444.601)

(273.451)

(297.031)

 

Employees benefits expense

1202.176

1168.220

947.445

 

Other expenses

7123.713

5256.287

2787.620

 

Prior period items

26.182

7.021

2.905

 

TOTAL (B)

22101.268

16696.622

11202.008

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

8219.866

4445.284

2555.039

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

1295.407

758.423

578.170

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

6924.459

3686.861

1976.869

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

358.043

298.224

265.069

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

6566.416

3388.637

1711.800

 

 

 

 

 

Less

TAX (H)

1111.048

481.231

77.073

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

5455.368

2907.406

1634.727

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

9554.630

7343.492

6103.523

 

 

 

 

 

 

Balance Carried to the B/S

15009.998

10250.898

7738.250

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Interest

35.913

28.104

29.173

 

TOTAL EARNINGS

35.913

28.104

29.173

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

83.517

24.538

128.833

 

Packing Material

0.693

18.353

2.092

 

Stores & Spare/Capital Goods

467.554

113.852

38.056

 

Components and Spare Parts

1.202

0.000

0.000

 

TOTAL IMPORTS

552.966

156.743

168.981

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

254.00

135.00

76.00

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

1212.576

1986.171

846.202

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

18.26

13.88

12.03

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

27.52

21.22

18.80

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

37.17

25.89

15.95

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.48

0.22

0.13

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.63

0.53

0.41

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.97

0.94

1.11

 

 

 

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

215.143

215.143

215.143

Reserves & Surplus

8371.222

10904.350

9357.785

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

8586.365

11119.493

9572.928

 

 

 

 

long-term borrowings

2008.984

3344.389

3950.646

Short term borrowings

2551.014

2840.010

3492.191

Current Maturities Of Long-Term Debts

846.202

1986.171

1212.576

Total borrowings

5406.200

8170.570

8655.413

Debt/Equity ratio

0.630

0.735

0.904

 

 

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)

Sales

13591.417

20949.691

29873.134

 

 

54.139

42.595

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

13591.417

20949.691

29873.134

Profit

1634.727

2907.406

5455.368

 

12.03%

13.88%

18.26%

 

 

 

 

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)

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

 

ECONOMIC SCENARIO, BUSINESS PERFORMANCE AND FUTURE OUT LOOK

 

Form the economy point of view, 2013 has been one of its most disappointing year, with GDP plummeting to sub 5% levels and inflation has remained stubbornly high. At its core, India is facing a difficult economic situation on the growth, asset quality, inflation and fiscal deficit fronts. India economy is in transition and if it desires to regain its position as a leading emerging market investment destination, clarity and consistency of policy action, stability of governance is paramount all these factors are out of the control of private enterprise.

 

The RBI and the Government after coming to power have taken notable steps in 2014 to address the economic headwinds. The Government formed the Project Management Group to facilitate large projects, undertook actions on power tariffs, gas price and continued diesel price increases. Likewise RBI initiated efforts at recognizing and cleaning up Non-Performing Assets (“NPA”). On the policy front, it introduced a shift in focus to Consumer Price Inflation (CPI) from Wholesale Price Inflation (WPI), and a move towards inflation targeting. If implemented correctly and in a time bound manner, these collectively have the ability to create a meaningful impact on the economy.

 

Despite the challenging global environment, market by slower GDP Growth in developed as well as developing economics, the Euro Zone Crisis, unemployment, uncertainty fueled by currency volatility and inflationary trends, FMCG sector and more particularly the Company continued with constant growth and to likely to report the excellent results in the coming future.

 

The year ahead will be challenging on the interest rate and credit quality front, however, after electing the new Government, we could see an improvement in asset quality and return growth.

 

MERGER, DEMERGER AND DISCONTINUING OPERATION:

 

The Hon'ble Delhi High Court vide their Order dated December 11, 2013 effective from the Appointed date 1st April, 2013, Wholly Owned Subsidiary "DS Milk Product Limited" has been amalgmated with the Company and six business undertakings has been De-Merged namely Food and spices into DS Spiceco Private Limited (Swap ratio-09:100), Beverages into DS Drinks And Beverages Private Limited (Swap Ratio-07:100), Canpac into DS Can pack Private Limited(Swap ratio-06:1000), Hospitality into DS Group Hospitality Private Limited (Swap ratio-91:100), Agri into DS Agri Tech Products Private Limited (Swap ratio-12:100) and Real Estate into DS Realty And Realtor Private Limited (Swap ratio-80:100) .The Sanctioned Scheme has been filed with Registrar of Companies on February 28, 2014 and implemented accordingly.

 

The amalgamation of DS Milk Product Limited (WOS) has been accounted for under the “pooling of interests” method as prescribed by Accounting Standard (AS-14) notified under Section 211(3C) of the Companies Act, 1956. Accordingly, all assets and liabilities, of the DS Milk Product Limited, have been transferred to and vested in the Company retrospectively with effect from April 1, 2013 and Inter Company balances and 100% equity shares held by the Company in DS Milk Limited shall stand cancelled.

 

After the approval of the composite scheme of arrangements by Hon’ble Delhi High Court, the income tax authorities have challenged the composite scheme of arrangements in March, 2014 before the Delhi High Court. The petition was admitted and still pending. It may not be out of place to mention here that income tax authorities have issued show cause notice on 11th September 2013 for imposing under section 281 of Income Tax Act, 1961 which was duly responded by the company to the satisfaction of income tax authorities and no adverse order was passed.

 

SEGMENT COMPOSITION:

 

Tobacco and Tobacco Related:

It comprises of manufacturing and sale of Flavoured Chewing Tobacco, Pan Masala Containing Tobacco and Perfumery Compounds, Aromatic Spices and Herbs etc.

 

Mouth - freshener:

It comprises of manufacturing and sale of Pan Masala and Mouth – freshener etc.

 

Beverages:

It comprises of manufacturing and sale of Beverages etc.

 

Dairy and Related Products:

It Comprises of trading and processing of Milk and its related products

 

UNSECURED LOAN

 

Particulars

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

SHORT TERM BORROWING

 

 

Deposits from directors

10.000

10.000

Intercorporate deposits

494.745

452.922

Other loans and advances, others

767.253

162.261

Total

1271.998

625.183

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10572052

01/06/2015

21,500,000.00

YES BANK LIMITED

NEHRU CENTRE, DR. A. B. ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA

C54990387

2

10571888

01/06/2015

140,000,000.00

YES BANK LIMITED

NEHRU CENTRE, DR. A. B. ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA

C54909338

3

10571890

01/06/2015

300,000,000.00

YES BANK LIMITED

NEHRU CENTRE, DR. A. B. ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA

C54910666

4

10513926

25/07/2014

100,000,000.00

YES BANK LIMITED

48 NYAYA MARG, CHANAKYAPURI, NEW DELHI, DELHI - 110021, INDIA

C15668429

5

10515620

08/08/2014 *

300,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA -
400018, INDIA

C18310482

6

10515312

08/08/2014 *

150,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -
400018, INDIA

C20423091

7

10506641

16/05/2014

200,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -
400018, INDIA

C09684143

8

10458145

07/10/2013

500,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -
400018, INDIA

B88749437

9

10458183

07/10/2013

250,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -
400018, INDIA

B88770805

10

10450480

28/09/2013 *

500,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -
400018, INDIA

B85839041

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

 

Intangible assets

 

 

 

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.63.64

UK Pound

1

Rs.100.41

Euro

1

Rs.71.63

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

7

PAID-UP CAPITAL

1~10

7

OPERATING SCALE

1~10

7

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

8

--PROFITABILITY

1~10

7

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

7

--RESERVES

1~10

7

--CREDIT LINES

1~10

8

--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

 

65

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.