MIRA INFORM REPORT
|
Report No. : |
340235 |
|
Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOOKER INDIA PRIVATE LIMITED (w.e.f. 26.06.2008) |
|
|
|
|
Formerly Known
As : |
BOOKER WHOLESALE INDIA PRIVATE LIMITED |
|
|
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Registered
Office : |
Unit No. 607, 6th Floor, Trade Centre, Bandra Kurla
Complex, Bandra East, Mumbai – 400051, Maharashtra |
|
Tel. No.: |
91-22-40320800 |
|
|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
08.02.2008 |
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Com. Reg. No.: |
11-178657 |
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Capital
Investment / Paid-up Capital : |
Rs.670.830 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U74999MH2008PTC178657 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMB18139C |
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PAN No.: [Permanent Account No.] |
AADCB3571B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Wholesaler of FMCG Products, Soft Drinks Confectionery, Fruit and Veg Products. |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a satisfactory of booker Cyprus Limited. It is established in
the year 2008. It has a satisfactory track record. For the financial year 2014, the company has reported average
operational activity. It has achieved good top line growth and decent sales
turnover but it has incurred loss during the year. Further, the company has decent net worth position and negligible
debt. It get strong financial and managerial support from its holding
company. Trade relations are reported as fair. Business is active. Payment
terms are slow but 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 |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Neha Merchant |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-40320800 |
|
Date : |
07.09.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
Unit No. 607, 6th Floor, Trade Centre, Bandra Kurla Complex,
Bandra East, Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-40320800 |
|
Fax No.: |
91-22-40320888 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Store / Booker Wholesaler : |
Plot No. 11, Chandivali, Industrial Estate, Off. Saki Vihar Road, IRB
Road, Chandivali, Powai, Mumbai – 400072, Maharashtra, India |
|
|
|
|
Booker Wholesaler 1 : |
5/A, Ghodbundar Road, Opp. Cinemax Wonder Mall, Behind Bank Of Baroda, Thane (West) - 400 607, Maharashtra, India |
|
Tel. No.: |
91- 22-41151900 |
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|
|
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Booker Wholesaler 2: |
Survey No. 7, Village Dindoshi, Taluka Borivali, Plot No. 5a, Kailesh Nagar, Off Aarey Road, Near Virwani Ind East., Goregaon (East), Mumbai-400063, Maharashtra, India |
|
Tel. No.: |
91-22-42123300 |
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|
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Booker Wholesaler 3 : |
Meet And Meer Compound, Opposite Sanabil Bakery, Near Canal, Unn- bhestan, Surat – 39421, Gujarat, India |
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Tel. No.: |
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Booker Wholesaler 4 : |
118C, Pandurangwadi, Mira Bhayandar Near Dahisar Check Naka Thane – 401107, Maharashtra, India |
|
Tel. No.: |
91- 22-67293737 |
|
|
|
|
Booker Wholesaler 5 : |
Survey No. 18/1/A Opposite Talab Compound Kondhwa,Budruk Pune-411048 Maharashtra, India |
|
Tel. No.: |
91- 020-30550960/30550961 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Zunaid Hashim Bangee |
|
Designation : |
Managing Director |
|
Address : |
Flat No-111 And 121 9th and 10th Floor, CTS No-C/1629 Unit No-1 Narain Terraces Pali Hill, Bandra Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1965 |
|
Date of Appointment : |
05.06.2008 |
|
DIN No.: |
01893154 |
|
|
|
|
Name : |
Mark Chilton |
|
Designation : |
Director |
|
Address : |
9 Oakwood, Hexham, Northumberland, NE464LF, , United Kingdom |
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Date of Birth/Age : |
31.12.1962 |
|
Date of Appointment : |
05.06.2008 |
|
DIN No.: |
01959887 |
|
|
|
|
Name : |
Jonathan Paul Prentis |
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Designation : |
Director |
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Address : |
11, Ollerbarrow Road, Hale Altrincham, Cheshire, WA159PW, , United Kingdom |
|
Date of Birth/Age : |
09.08.1961 |
|
Date of Appointment : |
05.06.2008 |
|
DIN No.: |
01996217 |
|
|
|
|
Name : |
Mr. Soumen Bose |
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Designation : |
Director |
|
Address : |
B 502, 5th Floor, Haripreet, Plot No - 42, Tagore Road, Santacruz West, Mumbai - 400054, Maharashtra, India |
|
Date of Birth/Age : |
02.07.1973 |
|
Date of Appointment : |
10.10.2011 |
|
DIN No.: |
02499439 |
KEY EXECUTIVES
|
Name : |
Mr. Neha Merchant |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Booker Cyprus Limited, Nicosia |
33364513 |
65.55 |
|
Giant Midco Limited, North Ants, NN8 1 LT |
17537501 |
34.45 |
|
Total |
50902014 |
100.00 |
As on 26.06.2015
|
Names of Allottee |
|
No. of Shares |
|
Giant Midco Limited |
|
4654687 |
|
Total |
|
4654687 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesaler of FMCG Products, Soft Drinks Confectionery, Fruit and Veg
Products. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance Payment and Cheque |
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Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
BSR and Company LLP Chartered Accountants |
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Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai-400011, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFB4397F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Booker Cyprus Limited, Cyprus |
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Ultimate Holding
company: |
Booker Group PLC, IJK |
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|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
Booker Satnam Wholesale Private Limited, India U51109MH2011PTC213847 |
|
|
|
|
Fellow Subsidiary
company : |
Ginat Topco Limited, United Kingdom |
CAPITAL STRUCTURE
After An on
30.09.2014
Authorised Capital : Rs. 850.000
Million
Issued, Subscribed & Paid-up Capital : Rs. 670.830 Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
Rs.10/- each |
Rs.600.000 Million |
|
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50902014 |
Equity Shares |
Rs.10/- each |
Rs.509.020
Million |
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|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
Rs.10/- each |
Rs.600.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33364514 |
Equity Shares |
Rs.10/- each |
Rs.333.645
Million |
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|
|
|
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 |
333.645 |
117.843 |
77.296 |
|
(b) Reserves & Surplus |
(137.416) |
64.453 |
15.922 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
152.355 |
0.000 |
38.039 |
|
Total
Shareholders’ Funds (1) + (2) |
348.584 |
182.296 |
131.257 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.717 |
0.401 |
1.142 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
11.257 |
6.864 |
0.009 |
|
(d) long-term provisions |
1.431 |
1.154 |
0.809 |
|
Total
Non-current Liabilities (3) |
14.405 |
8.419 |
1.960 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
41.050 |
70.807 |
24.753 |
|
(c) Other current liabilities |
56.091 |
26.488 |
26.377 |
|
(d) Short-term provisions |
0.198 |
0.056 |
0.032 |
|
Total
Current Liabilities (4) |
97.339 |
97.351 |
51.162 |
|
|
|
|
|
|
TOTAL |
460.328 |
288.066 |
184.379 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
109.073 |
82.540 |
39.367 |
|
(ii) Intangible Assets |
5.700 |
4.937 |
4.090 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
20.137 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
103.857 |
80.604 |
40.635 |
|
(e) Other Non-current assets |
3.586 |
0.000 |
1.625 |
|
Total
Non-Current Assets |
222.216 |
168.081 |
105.854 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
146.839 |
73.294 |
50.682 |
|
(c) Trade receivables |
7.995 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
72.743 |
21.875 |
13.354 |
|
(e) Short-term loans and
advances |
10.012 |
24.556 |
14.298 |
|
(f) Other current assets |
0.523 |
0.260 |
0.191 |
|
Total
Current Assets |
238.112 |
119.985 |
78.525 |
|
|
|
|
|
|
TOTAL |
460.328 |
288.066 |
184.379 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Sales of Goods |
1759.022 |
1040.115 |
696.599 |
|
|
Other operating revenue |
24.908 |
15.612 |
48.770 |
|
|
Other Income |
3.705 |
4.127 |
1.132 |
|
|
TOTAL
(A) |
1787.635 |
1059.854 |
746.501 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
2124.776 |
1261.216 |
933.541 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(337.141) |
(201.362) |
(187.040) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.149 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(337.290) |
(201.362) |
(187.040) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(1.01) |
(6.03) |
(5.60) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
2000.000 |
|
|
|
|
|
Expected Sales (2015-2016) : Rs.3000.000 Million
The above information has been parted by Mr. Neha Merchant (Finance
Manager)
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 |
|
Net cash flows from (used in) operations |
(395.854) |
(195.262) |
(192.101) |
|
Net cash flow from operating activity |
(396.411) |
(195.611) |
(192.214) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(19.17) |
(19.36) |
(26.85) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(73.24) |
(69.90) |
(113.88) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.97) |
(1.10) |
(1.42) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.45 |
1.23 |
1.53 |
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 |
77.296 |
117.843 |
333.645 |
|
Reserves & Surplus |
15.922 |
64.453 |
(137.416) |
|
Share Application money pending allotment |
38.039 |
0.000 |
152.355 |
|
Net
worth |
131.257 |
182.296 |
348.584 |
|
|
|
|
|
|
long-term borrowings |
1.142 |
0.401 |
1.717 |
|
Total
borrowings |
1.142 |
0.401 |
1.717 |
|
Debt/Equity
ratio |
0.009 |
0.002 |
0.005 |
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 |
746.501 |
1059.854 |
1787.635 |
|
|
|
41.976 |
68.668 |
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 |
696.599 |
1040.115 |
1759.022 |
|
Profit |
(187.040) |
(201.362) |
(337.290) |
|
|
(26.85%) |
(19.36%) |
(19.17%) |
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 |
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 23 Madhuli, 2nd Floor, Dr. Annie Besant Road, Mumbai – 400018, Maharashtra, India to the present address w.e.f. 01.04.2011
BACKGROUND:
Booker India Private Limited (the Company) was incorporated as a company limited by shares on 8 February 2008. The Company is a subsidiary of Booker Cyprus Limited, with 99.99% shareholding.
The Company is engaged in the business of cash and carry and is a wholesaler supplying to caterers, retailers and other businesses through its three stores.
The Company has set up a new store in Chandivali whose operations have commenced from February 2013. The Company has also set up new stores in Surat and Mira Road, Mumbai which have commenced operations from July and August 2013 respectively.
BUSINESS OVERVIEW AND
GOING CONCERN ASSUMPTION:
As at 31 March 2013, the Company has accumulated losses aggregating to Rs 648.617 Million as against the aggregate paid-up capital and share premium of Rs. 824.296 Million. These financial statements have been prepared on a going concern basis as the Company's management believes that the Company will be able to continue operations and meet all its liabilities as they fall due for payment in the foreseeable future based on the committed financial and operational support from the Holding Company. Accordingly, these financial statements do not include any adjustments regarding the recoverability and classification of the carrying amount of assets or the amount and classification of liabilities that might result should the Company be unable to continue as a going concern.
INDEX
OF CHARGES : NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Other money for which company is contingently liable |
0.000 |
0.149 |
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
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.66.60 |
|
|
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
1 |
|
--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 |
|
41 |
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.