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%20PRIVATE%20LIMITED%20-%20503556%2018-Apr-2018_files/image015.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20503556%2018-Apr-2018_files/image016.jpg)
%20PRIVATE%20LIMITED%20-%20503556%2018-Apr-2018_files/image018.gif)
MIRA INFORM REPORT
|
Report No. : |
503556 |
|
Report Date : |
18.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
NUANCE GROUP (INDIA) PRIVATE LIMITED (w.e.f. 16.03.2007) |
|
|
|
|
Formerly Known
As : |
SHOPPER’S STOP DUTY FREE PRIVATE LIMITED |
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Registered
Office : |
Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (West), Mumbai – 400064, Maharashtra |
|
Tel. No.: |
91-22-28808877/ 42497403 |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
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Date of
Incorporation : |
12.12.2006 |
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|
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Com. Reg. No.: |
11-166148 |
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Capital
Investment / Paid-up Capital : |
INR 828.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51228MH2006PTC166148 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS4860P |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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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)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 1270000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a joint venture between “The Nuance Group AG, Switzerland” and “Shoppers Stop Limited, India” incorporated in the year 2006 having satisfactory track record. It is engaged in selling of liquor, chocolates, perfumery, clothing, accessories and electronics. As per registrar of companies the date of balance sheet i.e. financial filed is shown as 31.03.2017 but the documents related to the financial for the year 31.03.2017 are not available from any source. For the financial year 2016, the company has witness marginal decline in its revenues compared to its previous year but has achieved fair profitability margin which is able to wipe off some of its accumulated losses in previous year. Rating takes into consideration, the above average financial risk profile marked by sound capital base along with strong debt protection metric and average liquidity position. Rating also takes into account, the strong and managerial support the company receives from its venture entity by its well experienced management team. However, rating is partially offset by the highly competitive nature of the industry with presence of other large players in the retail industry. Payments seems to be slow but correct. In view of aforesaid 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2018.
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 18.04.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-20-66464500)
(Tel. No.: 91-22-28808877/
42497403 – Continuously Ringing)
LOCATIONS
|
Registered Office : |
Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-42497000/ 28808877/ 42497403 |
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Fax No.: |
91-22-28808877 |
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E-Mail : |
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Website : |
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|
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|
Country Office : |
Bangalore International Airport, Alpha 3, Airline Building 1st Floor,
Devanahalli, Bangalore-560300, Karnataka, India |
|
Tel. No.: |
91-80-66783700 |
|
Fax No.: |
91-80-66783701 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ranjithkumar Kavanal Balasundaram |
||||||||||||
|
Designation : |
Director |
||||||||||||
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Address : |
Tower-A, Flat No-701, Sharjah Main City, Sharjah - 341246 AE |
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Date of Birth/Age : |
03.02.1966 |
||||||||||||
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Date of Appointment : |
28.07.2015 |
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DIN No.: |
03195002 |
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Other
Directorship :
|
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|
||||||||||||
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Name : |
Luis Marin Mas Sarda |
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|
Designation : |
Director |
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Address : |
Ettingerstr. 39 Therwil 4106 CH |
||||||||||||
|
Date of Appointment : |
27.07.2016 |
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DIN No.: |
07228938 |
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Other
Directorship :
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|
Name : |
Dimantha Kinigama |
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Designation : |
Additional Director |
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|
Address : |
Nuance Group Floor-1, Alpha 3, Airline Building, Bangalore International Airport Davanahslli, Bangalore – 560300, Karnataka, India |
||||||||||||
|
Date of Appointment : |
06.10.2017 |
||||||||||||
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DIN No.: |
02944976 |
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Other
Directorship :
|
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KEY EXECUTIVES
|
Name : |
Ms. Apeksha Nikhil Raichura |
|
Designation : |
Company Secretary |
|
Address : |
B-403, Sai Krishna Apartment, Paliram Road, Behind BMC Office, Andheri (West), Mumbai – 400058, Maharashtra |
|
Date of Appointment : |
10.03.2017 |
|
PAN No.: |
BJIPR5879N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Shoppers Stop Limited, India |
41410000 |
50.00 |
|
The Nuance Group AG, Switzerland |
41410000 |
50.00 |
|
Total |
82820000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20503556%2018-Apr-2018_files/image019.gif)
As on 21.04.2017
|
Names of Allottee |
|
No. of Shares |
|
The Nuance Group AG, Switzerland |
|
20705000 |
|
Total |
|
20705000 |
Equity Share Break up (Percentage of Total Equity)
As on 31.07.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : (As on 2016) |
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Facilities : |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
27th - 32nd Floors, Tower-3, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Joint Venturer : (As on 31.03.2016) |
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Ultimate Holding
Company of the Joint Venturer (The Nuance Group AG) with effect from
September 9, 2014 : (As on 31.03.2016) |
Dufry International AG |
|
|
|
|
Affiliate of Joint Venturer
: (As on 31.03.2016) |
Dufry Management Limited |
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Subsidiary of Joint
Venturer : (As on 31.03.2016) |
Nuance -Watson (HK) Limited |
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|
Subsidiary company
: (As on 31.03.2016) |
Nuance Group Fashion and Luxury Duty Free Private Limited |
CAPITAL STRUCTURE
After 31.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000000 |
Equity Shares |
INR 10/- each |
INR 1100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
103525000 |
Equity Shares |
INR 10/- each |
INR 1035.525
Million |
|
|
|
|
|
As on 31.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000000 |
Equity Shares |
INR 10/- each |
INR 1100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
82820000 |
Equity Shares |
INR 10/- each |
INR 828.200
Million |
|
|
|
|
|
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 |
|
|
|
|
(a) Share Capital |
828.200 |
828.200 |
828.200 |
|
(b) Reserves &
Surplus |
(383.620) |
(455.567) |
(468.954) |
|
(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) |
444.580 |
372.633 |
359.246 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
266.667 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
266.667 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
205.141 |
94.154 |
0.000 |
|
(b) Trade payables |
138.612 |
329.224 |
268.683 |
|
(c) Other current
liabilities |
45.986 |
23.812 |
3.016 |
|
(d) Short-term provisions |
1.172 |
1.153 |
1.087 |
|
Total Current Liabilities
(4) |
390.911 |
448.343 |
272.786 |
|
|
|
|
|
|
TOTAL |
1102.158 |
820.976 |
632.032 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
134.708 |
76.661 |
1.939 |
|
(ii) Intangible Assets |
9.760 |
12.740 |
0.085 |
|
(iii) Capital
work-in-progress |
0.779 |
84.555 |
23.686 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
14.533 |
|
(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 |
388.326 |
158.276 |
140.521 |
|
(e) Other Non-current
assets |
16.686 |
13.432 |
0.111 |
|
Total Non-Current Assets |
550.259 |
345.664 |
180.875 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.100 |
0.100 |
0.100 |
|
(b) Inventories |
235.830 |
203.746 |
127.825 |
|
(c) Trade receivables |
18.449 |
21.270 |
20.482 |
|
(d) Cash and cash
equivalents |
40.005 |
31.848 |
128.171 |
|
(e) Short-term loans and
advances |
174.099 |
172.597 |
172.027 |
|
(f) Other current assets |
83.416 |
45.751 |
2.552 |
|
Total Current Assets |
551.899 |
475.312 |
451.157 |
|
|
|
|
|
|
TOTAL |
1102.158 |
820.976 |
632.032 |
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 |
1296.846 |
1358.030 |
950.067 |
|
|
Other Income |
2.778 |
1.120 |
1.749 |
|
|
TOTAL |
1299.624 |
1359.150 |
951.816 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
562.684 |
669.610 |
401.100 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(32.084) |
(75.921) |
10.622 |
|
|
Employees benefits
expense |
78.459 |
92.307 |
68.474 |
|
|
Other expenses |
692.928 |
632.520 |
392.502 |
|
|
Exceptional items |
(141.968) |
0.000 |
0.000 |
|
|
TOTAL |
1160.019 |
1318.516 |
872.698 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
139.605 |
40.634 |
79.118 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
31.048 |
10.448 |
6.098 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
108.557 |
30.186 |
73.020 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.610 |
16.799 |
21.434 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
71.947 |
13.387 |
51.586 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
71.947 |
13.387 |
51.586 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
0.87 |
0.16 |
0.70 |
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 |
33.333 |
0.000 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(346.460) |
(51.263) |
11.782 |
|
Net cash flow from operating activity |
(346.830) |
(52.934) |
11.730 |
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) |
5.19 |
5.72 |
7.87 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
70.29 |
63.85 |
46.39 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
89.91 |
179.46 |
244.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.59 |
0.20 |
0.62 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.96 |
0.23 |
1.97 |
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) |
0.63 |
0.55 |
0.43 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.14 |
0.25 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.88 |
1.20 |
0.76 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.33 |
0.47 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.50 |
3.89 |
12.97 |
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] |
% |
5.55 |
0.99 |
5.43 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.53 |
1.63 |
8.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.18 |
3.59 |
14.36 |
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) |
1.41 |
1.06 |
1.65 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.81 |
0.61 |
1.19 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.40 |
0.45 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.61 |
0.11 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.41 |
1.06 |
1.65 |
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 |
828.200 |
828.200 |
828.200 |
|
Reserves & Surplus |
(468.954) |
(455.567) |
(383.620) |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
359.246 |
372.633 |
444.580 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
266.667 |
|
Short term borrowings |
0.000 |
94.154 |
205.141 |
|
Total borrowings |
0.000 |
94.154 |
471.808 |
|
Debt/Equity ratio |
0.000 |
0.253 |
1.061 |
%20PRIVATE%20LIMITED%20-%20503556%2018-Apr-2018_files/image021.gif)
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 |
950.067 |
1358.030 |
1296.846 |
|
|
|
42.940 |
(4.505) |
%20PRIVATE%20LIMITED%20-%20503556%2018-Apr-2018_files/image022.gif)
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 |
950.067 |
1358.030 |
1296.846 |
|
Profit/(Loss) |
51.586 |
13.387 |
71.947 |
|
|
5.43% |
0.99% |
5.55% |
%20PRIVATE%20LIMITED%20-%20503556%2018-Apr-2018_files/image023.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
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 |
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 |
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 |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: As confirmed by management that the registered office has been shifted from “Eureka Tower, B Wing, 9/F, Mindspace, Link Road, Malad (West), Mumbai-400064, Maharashtra, India” to “Umang Tower, 5th Floor, Mindspace, link road, Malad (West), Mumbai-400064, Maharashtra, India”.
GENERAL INFORMATION
ABOUT COMPANY (As on 31.03.2016)
The Company is jointly promoted by Shoppers Stop Limited and The Nuance Group AG. The Company is engaged in the business of retailing products through duty free retail outlets at the international airports in India.
PERFORMANCE REVIEW
(As on 31.03.2016)
The Company has opened 2 Stores at Kempagowda International Airport each for core category and Electronics in month of May 2015.
Sales Growth on Like to Like basis is 16% mainly resulting from growth in passengers Vs Last Year. Margins improved by 2% due to better control on liquidation and improvement in Mix.
There is an increase in Concession Fees by 35% due to application of higher Minimum Guarantee Fees as per new contract and it had adverse impact on the profitability.
The Company has delivered Profit before tax of INR 72.000 Million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
266.667 |
0.000 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from |
158.600 |
30.000 |
|
|
|
|
|
Total |
425.267 |
30.000 |
INDEX
OF CHARGES
|
Charges Registered |
|||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Satisfaction |
Amount |
Address |
|
1 |
G07594104 |
10258805 |
IDBI BANK LIMITED |
30/11/2010 |
21/06/2016 |
165000000.0 |
47,Opus CenterCentral Road, MIDC, Andheri East Mumbai MAHARASHTRA 400093 INDIA |
|
2 |
B20444162 |
10107875 |
CALYON BANK |
14/05/2008 |
12/09/2011 |
410000000.0 |
HOECHST HOUSE, 11TH, 12TH & 14TH FLOORS NARIMAN POINT MUMBAI MAHARASHTRA 400021 INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Contingent liabilities and commitments (to the extent not provided for) |
|
|
|
Claims against the Company not acknowledged as debt (Relating to applicability of VAT and custom duty) The above amount is based on notice of demands/ assessment Orders and the Company is contesting these claims with the relevant authorities. Outflows, if any arising out of these claims would depend on the outcome of the decisions of the relevant authorities and the Company's right for future appeals before the judiciary. No reimbursements are expected. |
21.947 |
51.813 |
|
Estimated amount of contracts remaining to be executed on capital account and not provided for |
0.459 |
19.517 |
FIXED ASSETS
- Plant and equipment
- Other plant and equipment
- Office equipment
- Computer equipments
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 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 65.61 |
|
|
1 |
INR 94.20 |
|
Euro |
1 |
INR 81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NRG |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
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 |
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.