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MIRA INFORM REPORT
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Report No. : |
501684 |
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Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
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Name : |
MONDELEZ INDIA FOODS PRIVATE LIMITED (w.e.f. 30.12.2014) |
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Formerly Known
As : |
MONDELEZ INDIA FOODS LIMITED (w.e.f. 07.04.2014) CADBURY INDIA LIMITED (w.e.f. 01.12.1989) HINDUSTAN COCOA PRODUCTS LIMITED (w.e.f. 17.12.1982) CADBURY INDIA LIMITED (w.e.f. 18.06.1977) CADBURY INDIA PRIVATE LIMITED (w.e.f. 07.06.1977) CADBURY-FRY (INDIA) PRIVATE LIMITED |
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Registered Office
: |
Unit No. 2001, 20th Floor, Tower-3, (Wing C),
Indiabulls Finance Centre, Parel, Mumbai – 400013, Maharashtra |
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Tel. No.: |
91-22-33963100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
19.07.1948 |
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Com. Reg. No.: |
11-006457 |
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Capital
Investment / Paid-up Capital : |
INR 303.200
Million |
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CIN No.: [Company Identification
No.] |
U15430MH1948PTC006457 |
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IEC No.: [Import-Export Code No.] |
0388024976 |
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TIN No.: |
27720410638 |
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PAN No.: [Permanent Account No.] |
AAACC0460H |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACC0460H1Z2 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Sale of Food Products. (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira
Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)
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MIRA’s Rating : |
A++ |
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a part of the “Mondelez International Inc. Group”. Mondelez is the third-largest food company in the world (behind Nestlé and PepsiCo). The company operates in five categories– chocolate, beverages, biscuits, gums & candy. Its brand includes Oreo, LU biscuits, Cadbury Fuse, Bournvita biscuits, 5 Star, Bournville, Cadbury Bournvita, Cadbury Celebration, Cadbury Dairy Milk, Cadbury Dairy Milk Silk, Chocolairs, Gems, Halls, Perk, Tang, Trident, Glow, Toblerone. The ratings are supported by its large scale and leading global market positions in the attractive global snacks category. As per the Registrar of Companies date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but documents related to the financial for the year 31.03.2017 are not available from any sources. The rating also takes into consideration, company’s well-built brand image, superior market position, and strong financial risk profile marked by a robust capital structure and above average debt protection metrics. During the year under review, the company has reported decline in revenue and net profit profile. “Mondelez International Inc.” ranks at 109th in fortune 500 company’s lists. Trade relations are fair. Business is active. Payments are to be regular and as per commitment. The company can be considered good for normal business dealings at usual trade terms and condition. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 03.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
Management non-cooperative (Tel No.: 91-22-33963100)
LOCATIONS
|
Registered Office: |
Unit No. 2001, 20th Floor, Tower-3, (Wing C),
Indiabulls Finance Centre, Parel, Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-33963100 |
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Fax No.: |
91-22-33963632 |
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E-Mail : |
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Website : |
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Regional Offices: |
EL Tara, 5th Floor, Opposite Odyssey II, Near Delphi, “C” Wing, Hiranandani Powai, Mumbai – 400076, Maharashtra, India |
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Regional Offices: |
First Floor, Tower A, Bannari Amman Towers, 29,
Radhakrishnan Road, |
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Tel. No.: |
91-44-66276800 |
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Regional Offices: |
Golf View Corporate Towers 1st Floor, Tower – A Sector 42, Golf Course Road Gurugram-122002, Haryana, India |
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Tel. No.: |
91 124 4297400 |
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Regional Offices: |
3rd Floor, Bharat Chamber of Commerce 9/1, Syed Amir Ali Avenue, Park Circus 7 Point, Ballygunge, Kolkata - 700 017, West Bengal, India |
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Tel. No.: |
91-33-66143500 |
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Factories: |
·
Thane ·
Himachal Pradesh Hadbast No. 199, Village Sandholi Baddi,
Tehsil- Nalagarh, District Solan-173205, Himachal Pradesh, India ·
Pune ·
Gwalior |
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Cocoa
Operations: |
Sennakalpalayam, Dalavaipattinam P.O, Dharapuram - 638672, Tamilnadu, India |
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Sales Office /
Branch Office : |
Located at :
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DIRECTORS
AS ON 31.03.2017
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Name : |
Mr. Deepak Iyer |
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Designation : |
Managing Director |
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Address : |
B -111, DLF Summit Apartments, Sector - 54, Phase - 5, Golf Course Road Gurugram- 122011, Haryana, India |
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Date of Appointment : |
09.08.2016 |
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DIN No.: |
06474773 |
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Name : |
Mr. Sree Kirat Patel |
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Designation : |
Whole Time Director |
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Address : |
Flat No.12, Apurva, 5, Napean Sea Road, Mumbai – 400036, Maharashtra, India |
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Date of Birth/Age : |
12.06.1958 |
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Date of Appointment : |
23.05.2011 |
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PAN No.: |
AADPP2800J |
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DIN No.: |
03554790 |
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Name : |
Mr. Nandkumar Vasant Kulkarni |
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Designation : |
Whole Time Director |
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Address : |
1003, Fiona Building, Hiranandani Estate, Ghodbunder Road, Thane-400607, Maharashtra, India |
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Date of Appointment : |
09.08.2016 |
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DIN No.: |
07577189 |
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Name : |
Mr. Devesh Nandkishore Goyal |
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Designation : |
Whole Time Director |
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Address : |
B Wing 104, Vanamali CHS, W T Patil Marg Opposite Dukes Factory, Deonar Mumbai 400071, Maharashtra, India |
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Date of Appointment : |
28.11.2017 |
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DIN No.: |
07051551 |
KEY EXECUTIVES
|
Name : |
Mr. Vivek Mishra |
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Designation : |
Company Secretary |
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Address : |
103, B-Block, Suyog Co-Operative Housing Society, Tilak
Nagar, Chembur (East), Mumbai -400089 , Maharashtra, India |
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Date of Appointment : |
01.05.2017 |
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PAN No.: |
ATBPM3993L |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Cadbury Schweppes Overseas Limited, United Kingdom |
18213120 |
60.07 |
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Cadbury Mauritius Limited, Mauritius |
12105313 |
39.93 |
|
Total |
30318433 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Sale of Food Products. (Registered Activity) |
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Products : |
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Brand Names : |
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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 : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
Lovelock and Lewes Chartered Accountants |
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Address : |
President Plaza, Ist Floor, Plot No. 36, Opposite Muktidham Derasar, S G Highway, Thaltej Cross Road, Ahmedabad – 380054, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFL5878L |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Holding company (As
on 2017): |
· Cadbury Schweppes Overseas Limited |
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Subsidiary company
(As on 2017): |
· Induri Farm Private Limited CIN No.: U92410MH1946PTC004878 |
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Ultimate Holding company (As on
31.03.2016): |
· Mondelez International Inc., Unite States of America |
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Associate (As on
31.03.2016): |
· Cadbury Mauritius Limited |
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Fellow Subsidiary companies (As on
31.03.2016): |
· Mondelez International (Thailand) Company Limited, Thailand · Cadbury Confectionery Malaysia Sdn. Bhd., Malaysia · Cadbury Confectionery Sales (M) Sdn. Bhd., Malaysia · Cadbury Enterprises Pte. Limited, Singapore · Cadbury Schweppes Finance Limited, United Kingdom · Cadbury UK, United Kingdom · CS Business Services (India) Private Limited, India. · Kent Gida Maddeleri Sanayii ve Ticaret Anonim Sirketi, Turkey · KJS India Private Limited, India · Generale Biscuit, France · Mondelez Asia Pacific Pte. Limited, Singapore · Mondelez Australia Pty Limited, Australia (formerly Kraft Foods Australia Pty. Limited) · Mondelez Australia (Foods) Limited, Australia · Mondelez Bahrain WII, Bahrain · Mondelez Deutschland Services GmbH and Company KG, Germany · Mondelez Eastern Europe, Middle East and Africa FZE, Dubai · Mondelez Europe GmbH, Switzerland · Mondelez Europe Services GmbH, Switzerland · Mondelez Global LLC, USA · Intercontinental Great Brands LLC, USA · Mondelez International Holdings LLC, USA · Mondelez Japan Limited, Japan · Mondelez Malaysia Sales Sdn. Bhd., Malaysia (formerly Kraft Malaysia Sdn. Bhd.) · Mondelez Philippines, Inc., Philippines · Kraft Foods Schweiz Hold. GmbH, Switzerland · Taloca GmbH, Switzerland · Mondelez Schweiz Production GmbH, Switzerland · Mondelez Singapore Pte Limited, Singapore · Mondelez UK Holding and Service Limited, United Kingdom · Mondelez UK Limited, United Kingdom · Mondelez UK R&D Limited, United Kingdom · Mondelez UK Confectionery Production Limited, United Kingdom · PT Mondelez Indonesia Manufacturing, Indonesia · PT Mondelez Indonesia Trading, Indonesia · PT Cadbury Indonesia, Indonesia · Cadbury Trading Hong Kong Limited, Hong Kong · Mondelez Pakistan Limited, Pakistan · Mondelez Polska Production Sp. z o., Poland · Cadbury Kenya Limited, Kenya · Reading Scientific Services Limited, United Kingdom · Mondelez New Zealand, New Zealand |
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
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|
37500000 |
Equity Shares |
INR 10/- each |
INR 375.000 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
30318433 |
Equity Shares |
INR 10/- each |
INR 303.184 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF
FUNDS |
01.04.2015 to 31.03.2016 (12 months) |
01.01.2014 to 31.03.2015 (15 months) |
01.01.2013 to 31.12.2013 (12 months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
303.200 |
303.200 |
310.670 |
|
(b) Reserves & Surplus |
17393.800 |
17045.500 |
17856.586 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
17697.000 |
17348.700 |
18167.256 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6768.800 |
4336.700 |
42.997 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3137.100 |
2387.900 |
487.909 |
|
Total Non-current
Liabilities (3) |
9905.900 |
6724.600 |
530.906 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1439.200 |
1503.400 |
1509.325 |
|
(b) Trade
payables |
10520.500 |
9936.300 |
7001.172 |
|
(c) Other current
liabilities |
3182.200 |
3762.000 |
1815.146 |
|
(d) Short-term
provisions |
94.200 |
96.100 |
103.446 |
|
Total Current
Liabilities (4) |
15236.100 |
15297.800 |
10429.089 |
|
|
|
|
|
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TOTAL |
42839.000 |
39371.100 |
29127.251 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
13000.300 |
12861.500 |
9046.295 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
13454.800 |
7810.200 |
4932.172 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.200 |
0.200 |
0.225 |
|
(c) Deferred tax assets (net) |
1020.200 |
132.100 |
13.849 |
|
(d) Long-term Loan and Advances |
2223.700 |
5007.200 |
1963.972 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
29699.200 |
25811.200 |
15956.513 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
385.14 |
|
(b)
Inventories |
6589.400 |
7414.800 |
5940.36 |
|
(c) Trade
receivables |
1001.200 |
826.000 |
583.999 |
|
(d) Cash
and cash equivalents |
3497.600 |
3509.600 |
5015.494 |
|
(e)
Short-term loans and advances |
1986.300 |
1733.000 |
1213.971 |
|
(f) Other
current assets |
65.300 |
76.500 |
31.774 |
|
Total
Current Assets |
13139.800 |
13559.900 |
13170.738 |
|
|
|
|
|
|
TOTAL |
42839.000 |
39371.100 |
29127.251 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
01.04.2015 to 31.03.2016 (12 months) |
01.01.2014 to 31.03.2015 (15 months) |
01.01.2013 to 31.12.2013 (12 months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
54000.300 |
65077.200 |
46270.019 |
|
|
|
Other Income |
113.800 |
549.400 |
439.965 |
|
|
|
TOTAL |
54114.100 |
65626.600 |
46709.984 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
23698.900 |
32637.000 |
22147.874 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
176.644 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(674.100) |
(255.700) |
(743.235) |
|
|
|
Employees benefits expense |
5081.500 |
5280.600 |
3737.064 |
|
|
|
Other expenses |
21350.400 |
22062.700 |
17072.023 |
|
|
|
Exceptional Item |
1203.400 |
2661.800 |
(2571.912) |
|
|
|
CSR Expenditure |
39.800 |
17.400 |
0.000 |
|
|
|
TOTAL |
50699.900 |
62403.800 |
39818.458 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3414.200 |
3222.800 |
6891.526 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
255.500 |
168.100 |
62.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3158.700 |
3054.700 |
6829.491 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2531.000 |
2140.800 |
1070.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
627.700 |
913.900 |
5758.708 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
279.400 |
(37.900) |
775.287 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
348.300 |
951.800 |
4983.421 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
16999.100 |
16482.200 |
11498.800 |
|
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
17347.400 |
16999.100 |
16482.221 |
|
|
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
|
F.O.B. Value of Exports |
131.400 |
67.500 |
334.021 |
|
|
|
TOTAL
EARNINGS |
131.400 |
67.500 |
334.021 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
3716.300 |
6002.900 |
NA |
|
|
|
Components and Stores parts |
33.300 |
72.000 |
NA |
|
|
|
Capital Goods |
4977.100 |
1564.900 |
NA |
|
|
|
TOTAL IMPORTS |
8726.700 |
7639.800 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
11.49 |
30.99 |
160.41 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
01.04.2015 to 31.03.2016 (12 months) |
01.01.2014 to 31.03.2015 (15 months) |
01.01.2013 to 31.12.2013 (12 months) |
|
Current Maturities of Long term debt |
9.000 |
6.900 |
10.193 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
6449.200 |
6237.000 |
4722.438 |
|
Net cash flows from (used in) operating activities |
6168.100 |
5202.000 |
3408.302 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
01.04.2015 to 31.03.2016 (12 months) |
01.01.2014 to 31.03.2015 (15 months) |
01.01.2013 to 31.12.2013 (12 months) |
|
Average
Collection Days (Sundry Debtors / Income * 365 Days) |
6.77 |
4.63 |
4.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
53.94 |
78.79 |
79.23 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
162.03 |
111.12 |
114.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.52 |
0.43 |
1.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.13 |
0.16 |
0.49 |
LEVERAGE RATIOS
|
PARTICULARS |
01.04.2015 to 31.03.2016 (12 months) |
01.01.2014 to 31.03.2015 (15 months) |
01.01.2013 to 31.12.2013 (12 months) |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.51 |
0.50 |
0.36 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.46 |
0.34 |
0.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.86 |
0.88 |
0.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.49 |
1.19 |
0.77 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
13.36 |
19.17 |
111.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
01.04.2015 to 31.03.2016 (12 months) |
01.01.2014 to 31.03.2015 (15 months) |
01.01.2013 to 31.12.2013 (12 months) |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.64 |
1.46 |
10.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.81 |
2.42 |
17.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.97 |
5.49 |
27.43 |
SOLVENCY RATIOS
|
PARTICULARS |
01.04.2015 to 31.03.2016 (12 months) |
01.01.2014 to 31.03.2015 (15 months) |
01.01.2013 to 31.12.2013 (12 months) |
|
Current Ratio (Current Assets / Current Liabilities) |
0.86 |
0.89 |
1.26 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.43 |
0.40 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.41 |
0.44 |
0.62 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
27.10 |
19.28 |
5.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.86 |
0.89 |
1.26 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Share Capital |
310.670 |
303.200 |
303.200 |
|
Reserves & Surplus |
17856.586 |
17045.500 |
17393.800 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
18167.256 |
17348.700 |
17697.000 |
|
|
|
|
|
|
long-term borrowings |
42.997 |
4336.700 |
6768.800 |
|
Short term borrowings |
1509.325 |
1503.400 |
1439.200 |
|
Current maturities of
long-term debts |
10.193 |
6.900 |
9.000 |
|
Total
borrowings |
1562.515 |
5847.000 |
8217.000 |
|
Debt/Equity
ratio |
0.086 |
0.337 |
0.464 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Sales |
46270.019 |
65077.200 |
54000.300 |
|
|
|
40.647 |
(17.021) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2013 |
31.03.2015 |
31.03.2016 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Sales |
46270.019 |
65077.200 |
54000.300 |
|
Profit |
4983.421 |
951.800 |
348.300 |
|
|
10.77% |
1.46% |
0.64% |
LEGAL CASES :
|
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|
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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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three financial
years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three financial
years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
(INR
in Million)
|
Particulars |
31.03.2016 (12 months) |
31.03.2015 (15 months) |
|
Long Term Borrowings |
|
|
|
Other external commercial borrowings |
6732.300 |
4291.100 |
|
Deferred payment liabilities |
36.500 |
45.600 |
|
Deferred payment liabilities |
|
|
|
|
|
|
|
Short- Term
Borrowings |
|
|
|
Working capital loans from banks |
1439.200 |
1503.400 |
|
Total |
8208.000 |
5840.100 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B02661106 |
10008306 |
State Bank of India |
22/05/2006 |
- |
14/12/2010 |
750000000.0 |
MADAME CAMA ROAD, NARIMAN POINT, MUMBAI-400021, MAHARASHTRA, INDIA |
FIXED ASSETS:
· Goodwill
· Know-how
· Freehold Land
· Leasehold Land
· Buildings
· Plant and Machinery
· Electrical Installation
· Furniture and Fittings
· Office Equipment
· Vehicles
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 records 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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial condition covering various ratios
·
Company background and operations size
·
Promoters / Management background
·
Payment record
·
Litigation against the subject
·
Industry scenario / competitor analysis
·
Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.