|
|
|
MIRA INFORM REPORT
|
Report No. : |
490154 |
|
Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SCHREIBER DYNAMIX DAIRIES PRIVATE LIMITED (w.e.f.21.05.2015) |
|
|
|
|
Formerly Known As
: |
SCHREIBER DYNAMIX DAIRIES LIMITED (w.e.f.03.11.2006) DYNAMIX DAIRY INDUSTRIES LIMITED (w.e.f.03.02.1994) CONWOOD FOOD INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri (East),
Mumbai – 400 059, Maharashtra |
|
Tel. No.: |
91-22-67711900/ 903 / 28402304/ 67711901/ 67711908 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
11.05.1992 |
|
|
|
|
Com. Reg. No.: |
11-066700 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1188.703 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1992PTC066700 |
|
|
|
|
IEC No.: |
27110410052V |
|
|
|
|
GST No.: |
27AAACD3743J1ZO |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD3743J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Manufacturing value added Dairy Products viz. Casein, Skimmed Milk Powder, Dairy Whitener, Cheese, Butter and Ghee and also undertakes Contract Manufacturing in respect of certain products such as Butter, Ghee, Cheese, Fruit Juices, Curd, etc. (Registered Activity and also Confirmed by Management) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 14400000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in 1992 by the Goenka family, the promoters of the Dynamix group. It manufactures value-added dairy products such as processed cheese, casein, skimmed milk powder, lactose, butter, flavoured milk, and clarified butter.
|
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
CRISIL |
|
Rating |
Long Term bank facilities = AA- |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
27.04.2017 |
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 08.02.2018.
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 BY
|
Name : |
Mr. Santosh Pathak |
|
Designation: |
Purchase Department |
|
Contact No.: |
91-9158894763 |
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-22-67711900]
LOCATIONS
|
Registered Office : |
A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra, India |
|
Tel. No.: |
91-22-67711900/ 1992/ 903 / 28402304/ 67711901/ 67711908 |
|
Mobile No.: |
91-9158894763 (Mr. Santosh Pathak) |
|
Fax No.: |
91-22-67711910/ 67711911/ 28421600 |
|
E-Mail : |
praveen.heda@schreiberfoods.com
|
|
Website : |
|
|
|
|
|
Factory : |
E-94, MIDC, Bhigwan Road, Baramati, District Pune – 413133,
Maharashtra, India |
|
Tel. No.: |
91-2112-243821/ 22/ 23/ 24 |
|
Fax No.: |
91-2112-243710/ 243707 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Amitabha Ray |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
82, Trishul, 3rd Cross Road Lokhandwala Complex, Andheri
(West), Mumbai – 400 058, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.08.1949 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
B.E.(Elect); PG in Control Engineering |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.12.2007 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AABPR0328P |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00082806 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gobind Kaliandas Dryanani |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 24, 2nd Floor, Chitrakut Building, Altamount Road,
Mumbai – 400 026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.08.1933 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Matriculation |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
24.06.2005 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ADYPD1881F |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00324867 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. William Frederick Ransom Knight |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1694 Cady Lane, De Pere, Wisconsin - 54115, United States of America |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.02.1962 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
CA, USA |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
07.02.2014 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01759923 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Francois Salamon |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
83 Boulevard De Courcelles 75008 Paris O8 Paris - 75008 |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.07.2013 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Engineer |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.07.2013 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06404133 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Leon Angel Verdes |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Alternate Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B 904, Raja Tower, Asha Nagar-I CHS. Limited, Opposite P. K. Road, Mulund (West), Mumbai - 400080, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.01.1980 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
CA |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.06.2015 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07203284 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Dimitri Pierre Humbert |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C Burriana 0041 BJ 28042 Madrid NA ES |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.01.2017 |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07721791 |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vinod Kumar Goenka |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Karmayog, 6th Floor, Plot No.11, N.S. Road No.6, Hatkesh Society, Juhu Scheme, Mumbai-400049, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.07.1969 |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.12.2015 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEUPG7032A |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00029033 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pramod Krishnamoorary Goenka |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
501-502, 5th Floor, Kings Apartment, Next to Tulip, Star, Juhu Tara Road, Juhu, Mumbai, 400049, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Qualification: |
Graduate |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.12.1961 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
17.12.2015 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AACPG3621K |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00029243 |
||||||||||||||||||||||||||||||||||||||||||||
|
Other
Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Jay Prakash Sharma |
|
Designation : |
Company Secretary |
|
Address : |
Flat No. 302, Silver Tower, Thakur Complex, Kandivali (East), Mumbai –
400 101, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1976 |
|
Date of Appointment : |
02.05.2012 |
|
PAN No.: |
BKAPS2421Q |
|
|
|
|
Name : |
Mr. Santosh Pathak |
|
Designation: |
Purchase Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2017
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 25.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
37.14 |
|
Promoters (Body corporate) |
60.80 |
|
Public/Other than promoters (Individual/Hindu Undivided Family - Indian) |
0.92 |
|
Public/Other than promoters (Body corporate) |
1.14 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Manufacturing value added Dairy Products viz. Casein, Skimmed Milk Powder, Dairy Whitener, Cheese, Butter and Ghee and also undertakes Contract Manufacturing in respect of certain products such as Butter, Ghee, Cheese, Fruit Juices, Curd, etc. (Registered Activity and also confirmed by management) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Products : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Brand Names : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Agencies Held : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Exports : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Imports : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Terms : |
|
||||||||||||||||||
|
Selling : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
· Pepsico · Britannia · Unilever · Nestle · Mother Dairy |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Rabobank International (Cooperative Centrale Raiffeisen-Boerenleen Bank B.A.) Forbes Building, 2nd Floor, Charanjit Rai Marg, Fort, Mumbai - 400001, Maharashtra, India · State Bank of India Deccan Gymkhana Branch, 2nd Floor, PMT Building, Pune - 413102, Maharashtra, India · HDFC Bank Limited · Yes Bank Limited |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution: |
· Rabo India Finance Private Limited Forbes Building, 2nd Floor, Charanjit Rai Marg, Mumbai, Maharashtra, India · RABO India Finance Limited 1A Janpath,New Delhi - 110001, Delhi, India |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
|
Address : |
22,Camac Street, Block C, 3rd Floor, Kolkatta-700016, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABSFS4151K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
Schreiber
International Inc. United States of America |
|
|
|
|
Ultimate Holding company: |
Schreiber Foods Inc. United States of America |
|
|
|
|
Fellow Subsidiary company: |
· GBM Green Bay Machinery Company Inc., United States of America · Schreiber and Rupp GMBH, United States of America ·
Schreiber Foods Do Brasil Ind. Alim.
Limited |
|
|
|
|
Associate company: |
· Dlecta Foods Private Limited, India (U51900MH1982PTC027524) · Sahyadri Agro and Dairy Limited, India (U01403PN2010PLC149866) · Sahyadri Cow Farms Limited India (U01110PN1994PLC132478) |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240000000 |
Equity Shares |
INR 10/- each |
INR 2400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
118870250 |
Equity Shares |
INR 10/- each |
INR 1188.703 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1188.703 |
950.962 |
950.962 |
|
(b) Reserves and Surplus |
3862.022 |
2727.426 |
2571.536 |
|
(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) |
5050.725 |
3678.388 |
3522.498 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
284.284 |
482.843 |
721.066 |
|
(b) Deferred tax liabilities (Net) |
180.692 |
92.723 |
171.436 |
|
(c) Other long-term
liabilities |
418.882 |
0.000 |
0.000 |
|
(d) long-term
provisions |
19.237 |
27.390 |
1.141 |
|
Total Non-current
Liabilities (3) |
903.095 |
602.956 |
893.643 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
228.770 |
250.296 |
242.626 |
|
(b) Trade
payables |
1024.628 |
681.402 |
890.116 |
|
(c) Other
current liabilities |
760.740 |
511.433 |
342.162 |
|
(d) Short-term
provisions |
154.770 |
184.689 |
139.805 |
|
Total Current
Liabilities (4) |
2168.908 |
1627.820 |
1614.709 |
|
|
|
|
|
|
TOTAL |
8122.728 |
5909.164 |
6030.850 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2156.720 |
1654.064 |
1835.778 |
|
(ii)
Intangible Assets |
0.106 |
0.230 |
0.362 |
|
(iii) Tangible assets
capital work-in-progress |
1496.253 |
1183.201 |
866.986 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.820 |
0.820 |
0.820 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1139.081 |
123.286 |
125.652 |
|
(e) Other
Non-current assets |
394.205 |
0.657 |
9.204 |
|
Total Non-Current
Assets |
5187.185 |
2962.258 |
2838.802 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1913.807 |
1859.039 |
1643.712 |
|
(c) Trade
receivables |
650.335 |
728.933 |
916.546 |
|
(d) Cash and
bank balances |
41.855 |
213.309 |
253.574 |
|
(e) Short-term
loans and advances |
274.010 |
120.119 |
144.461 |
|
(f) Other
current assets |
55.536 |
25.506 |
233.755 |
|
Total
Current Assets |
2935.543 |
2946.906 |
3192.048 |
|
|
|
|
|
|
TOTAL |
8122.728 |
5909.164 |
6030.850 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
12184.354 |
13910.734 |
12808.905 |
|
|
Other Income |
107.768 |
160.005 |
124.073 |
|
|
TOTAL (A) |
12292.122 |
14070.739 |
12932.978 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
9124.961 |
11322.725 |
10087.000 |
|
|
Purchases of
Stock-in-Trade |
234.719 |
196.883 |
154.477 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
69.605 |
(177.378) |
(47.602) |
|
|
Employee benefit expense |
758.259 |
647.668 |
544.673 |
|
|
CSR expenditure |
3.365 |
0.000 |
0.000 |
|
|
Other expenses |
1142.431 |
1297.269 |
1463.500 |
|
|
TOTAL (B) |
11333.340 |
13287.167 |
12202.048 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
958.782 |
783.572 |
730.930 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
31.527 |
20.215 |
6.709 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
927.255 |
763.357 |
724.221 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
337.079 |
290.699 |
255.277 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
590.176 |
472.658 |
468.944 |
|
|
|
|
|
|
|
Less |
TAX (H) |
168.802 |
163.553 |
163.820 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
421.374 |
309.105 |
305.124 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.13 |
3.25 |
3.21 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
227.427 |
214.597 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
934.333 |
842.497 |
594.051 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
749.347 |
621.607 |
455.398 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
19.48 |
19.13 |
26.12 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
18.74 |
19.08 |
13.98 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
39.96 |
21.59 |
31.72 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.50 |
0.42 |
0.44 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.26 |
0.28 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.33 |
0.39 |
0.39 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.15 |
0.26 |
0.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.43 |
0.44 |
0.46 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.72 |
0.77 |
0.77 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
30.41 |
38.76 |
108.95 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.46 |
2.22 |
2.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
5.19 |
5.23 |
5.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.34 |
8.40 |
8.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.35 |
1.81 |
1.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.47 |
0.67 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.62 |
0.62 |
0.58 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.62 |
1.00 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.35 |
1.81 |
1.98 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
950.962 |
950.962 |
1188.703 |
|
Reserves & Surplus |
2571.536 |
2727.426 |
3862.022 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3522.498 |
3678.388 |
5050.725 |
|
|
|
|
|
|
Long-term borrowings |
721.066 |
482.843 |
284.284 |
|
Short term borrowings |
242.626 |
250.296 |
228.770 |
|
Current maturities of
long-term debts |
0.000 |
214.597 |
227.427 |
|
Total
borrowings |
963.692 |
947.736 |
740.481 |
|
Debt/Equity
ratio |
0.274 |
0.258 |
0.147 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
12808.905 |
13910.734 |
12184.354 |
|
|
|
8.602 |
(12.410) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
12808.905 |
13910.734 |
12184.354 |
|
Profit/ (Loss) |
305.124 |
309.105 |
421.374 |
|
|
2.38
% |
2.22
% |
3.46
% |
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 |
Yes |
|
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 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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C39064829 |
10540335 |
RABO
INDIA FINANCE LIMITED |
08/10/2014 |
- |
- |
716298000.0 |
GF/A-03
B, GROUND FLOOR,BUILDING NO. 9, TOWER A, DLF CYBER CITY,
PHASE-IIIGURGAONHR122002IN |
|
2 |
G01939586 |
10504854 |
HDFC
BANK LIMITED |
28/05/2014 |
15/03/2016 |
- |
200000000.0 |
KAMALA
MILLS COMPOUNDSENAPATI BAPAT MARG, LOWER PARELMUMBAIMH400013IN |
|
3 |
B76101161 |
10428712 |
RABOBANK
INTERNATIONAL (COOPERATIVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.) |
07/05/2013 |
- |
- |
250000000.0 |
FORBES
BUILDING, 2ND FLOOR, CHARANJIT RAI MARGFORTMUMBAIMH400001IN |
|
4 |
C16622458 |
10375093 |
YES
BANK LIMITED |
19/07/2012 |
26/06/2014 |
- |
100000000.0 |
NEHRU CENTRE,
9TH FLOOR, DISCOVERY OF INDIADR. ANNIE BESSANT ROAD, WORLIMUMBAIMH400018IN |
|
5 |
A41540006 |
10091333 |
STATE
BANK OF INDIA |
26/02/2007 |
20/03/2008 |
- |
762800000.0 |
DECCAN
GYMKHANA BRANCH2ND FLOOR, PMT BUILDINGPUNEMH413102IN |
|
6 |
Y10481094 |
90353336 |
ORIENTAL
BANK OF COMMERCE |
07/10/2004 |
- |
- |
350000000.0 |
JASH
CHAMBERSIR P.M. ROAD; FORTMUMBAIMHIN |
|
7 |
Y10485275 |
90357517 |
BLOBAL
TRUST BANK LTD. |
08/07/1999 |
- |
- |
7150000.0 |
SHREEJEE
CHAMBERS; TATA ROADNO.2 OPERA HOUSEMUMBAIMHIN |
|
8 |
B63157259 |
90357693 |
RABO
INDIA FINANCE PVT. LTD. |
13/02/2004 |
18/03/2004 |
09/11/2012 |
125000000.0 |
FORBES
BUILDING ; IIND FLOOR;CHARANJIT RAI MARGMUMBAIMHIN |
|
9 |
B63160543 |
90357688 |
RABO
INDIA FINANCE PVT. LTD. |
14/01/2004 |
18/03/2004 |
09/11/2012 |
1125000000.0 |
FORBES
BUILDING ; IIND FLOOR;MUMBAIMHIN |
|
10 |
B63156095 |
90355369 |
ROBO
INDIA FINANCE PVT LTD. |
01/06/2004 |
24/05/2005 |
09/11/2012 |
1125000000.0 |
CHARANJIT
RAI MARGFORTMUMBAIMHIN |
|
11 |
B31531247 |
10060676 |
RABO
INDIA FINANCE LIMITED |
11/07/2007 |
20/03/2008 |
27/01/2012 |
135300000.0 |
1A
JANPATHNEW DELHIDL110001IN |
|
12 |
A73314650 |
10052595 |
STATE
BANK OF PATIALA |
30/03/2007 |
- |
03/11/2009 |
158000000.0 |
INDER
TOWER, GOKHALE ROAD (SOUTH)DADAR WESTMUMBAIMH400025IN |
|
13 |
Y10485367 |
90357609 |
GLOBAL
TRUST BANK LTD. |
04/04/2001 |
31/07/2001 |
22/12/2005 |
10000000.0 |
SHREEJEE
CHAMBERTATA ROAD; NO.2; OPERA HOUSEMUMBAIMH400004IN |
|
14 |
Y10485447 |
90357689 |
GLOBAL
TRUST BANK LTD. |
19/01/2004 |
03/05/2004 |
02/12/2004 |
203200000.0 |
SHREEJI
CHAMBERS; TATA ROAD NO.2OPERA HOUSEMUMBAIMH400004IN |
|
15 |
Y10483463 |
90355705 |
GLOBAL
TRUST BANK LTD. |
01/06/2004 |
- |
02/12/2004 |
271200000.0 |
NIRATATA
ROAD NO.2OPERA HOUSEMUMBAIMH400004IN |
|
16 |
Y10485457 |
90357699 |
GLOBAL
TRUST BANK LTD. |
10/04/2004 |
- |
02/12/2004 |
30000000.0 |
SHREEJEE
CHAMBERTATA ROAD; NO.2; OPERA HOUSEMUMBAIMH400004IN |
|
17 |
Y10483082 |
90355324 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
15/03/2000 |
20/05/2003 |
09/03/2004 |
215000000.0 |
IDBI
TOEWRCUFFE PARADEMUMBAIMH400004IN |
|
18 |
Y10485198 |
90357440 |
INDUSIND
BANK LTD. |
28/05/1998 |
23/02/2000 |
05/02/2004 |
150000000.0 |
IDBI
TOWER; CUFFE PARADE; COLABAMUMBAIMH400005IN |
|
19 |
Y10485249 |
90357491 |
INDUSTRIAL
DEV. BANK OF INDIA |
30/03/1999 |
- |
05/02/2004 |
215000000.0 |
IDBI
TOWER; CUFFE PARADE; COLABAMUMBAIMH400005IN |
|
20 |
Y10484942 |
90357184 |
INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
15/05/1995 |
01/02/1996 |
05/02/2004 |
315000000.0 |
IDBI
TOWER; CUFFE PARADE; COLABAMUMBAIMH400002IN |
|
21 |
Y10483356 |
90355598 |
INDUSTRIAL
DEV. BANK OF INDIA |
15/05/1995 |
- |
05/02/2004 |
315000000.0 |
IDBI TOWER;
CUFFE PARADECOLABAMUMBAIMH400004IN |
|
22 |
Y10483101 |
90355343 |
ORIENTAL
BANK OF COMMERCE |
30/03/2002 |
- |
30/01/2004 |
20600000.0 |
JASH
CHAMBERSIR P.M. ROAD; FORTMUMBAIMH400001IN |
|
23 |
Y10485130 |
90357372 |
DENA
BANK |
25/06/1997 |
19/09/1997 |
30/01/2004 |
50000000.0 |
BOMBAY
MAIN OFFICELEGAL SECTION ; ADVANCES DEPT. 17; HORNIMAN CIRCLEMUMBAIMH400023IN |
|
24 |
Y10485250 |
90357492 |
ORIENTAL
BANK OF COMMERCE |
02/04/1999 |
- |
30/01/2004 |
45000000.0 |
1; DR. V.B.
GANDHI MARGFORTMUMBAIMH400002IN |
|
25 |
Y10485126 |
90357368 |
INDUSTRIAL
DEV. BANK OF INDIA |
06/05/1997 |
19/09/1997 |
30/01/2004 |
80000000.0 |
IDBI
TOWER; CUFFE PARADE; COLABAMUMBAIMH400002IN |
|
26 |
Y10483425 |
90355667 |
ORIENTAL
BANK OF COMMERCE |
23/02/2000 |
- |
30/01/2004 |
22200000.0 |
JASH
CHAMBERS ; GROUND FLOR.SIR P.M ROAD; FORTMUMBAIMH400002IN |
|
27 |
Y10484851 |
90357093 |
ORIENTAL
BANK OF COMMERCE |
12/04/1994 |
01/02/1996 |
30/01/2004 |
120000000.0 |
JASH CHAMBERS;
GROUND FLOOR; SIR; PM ROADMUMBAIMH400001IN |
|
28 |
Y10484833 |
90357075 |
BANK OF
BARODA |
31/01/1994 |
01/02/1996 |
30/01/2004 |
70000000.0 |
INDUSTRIAL
FINANCE BRANCHOTHER INDUSTRIES DEPT. BARODA HOUSE;42C.PMUMBAIMH400002IN |
|
29 |
Y10485412 |
90357654 |
GLOBAL
TRUST BANK LTD. |
21/08/2002 |
- |
30/01/2004 |
3100000.0 |
SHREEJEE
CHAMBARTATA ROAD; NO.2; OPERA HOUSEMUMBAIMH400004IN |
|
30 |
Y10485244 |
90357486 |
ORIENTAL
BANK OF COMMERCE |
15/03/1999 |
23/02/2000 |
30/01/2004 |
397700000.0 |
JASH
CHAMBERS ; GROUND FLOR.SIR P.M ROAD; FORTMUMBAIMH400002IN |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from
Conwood House, Yashodhama K Vaidya Marg, Goregaon (East), Mumbai, Maharashtra,
India to present
address w.e.f. 25.09.2006
CORPORATE INFORMATION
The Company is engaged in the business of manufacturing value added dairy products viz. Casein, Skimmed Milk Powder, Dairy Whitener, Cheese, Butter and Ghee. It also undertakes contract manufacturing in respect of certain products such as Butter, Ghee, Cheese, Fruit Juices, Curd etc.
COMPANY PERFORMANCE
During the year, the business environment for the dairy industry was very challenging due to significant drop in the export demand and realization of product in the export market. The economic conditions were volatile and uncertain overall, with fragile or even deflationary consumer trend in the global market. Even in Domestic market the demand of dairy commodities such as SMP, Dairy whitener etc. were very low. In this background your Company focused on Value Added Products where in the Margins were high and supported by strong growth in the UHT business the company delivered a growth of 40% in Profit after tax.
The Company has continued to provide support to milk producers to increase milk production and improve milk quality by setting up new bulk coolers and provided wide range of support services. The Company is also focusing on high value added Dairy products.
The management is confident in the long run with support of Company’s strong milk collection network and key customers the Company will be able to achieve all potential for growth.
The Company also launched its second aseptic food processing and packaging facility in Fazilka, Punjab set up in International Mega Food Park (IMFPL), thereby investing an amount close to a INR 1000.000 million. This new integrated facility will not only increase the Company’s production capabilities, but also provide a geographical advantage to cater to consumers in North India.
On April 27, 2016, the Company completed acquisition of the Nestle’s right, title and interest in the Dryer, which helped in increasing processing capacity of Company from 1 million liters to 1.6 million liters.
FIXED ASSETS:
· Land
· Building
· Plant and equipment
· Vehicles
· Furniture and fixtures
· Plant and Machinery
· Computer
· Vehicles
· Furniture and Fixture
·
Computer software
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 records 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 64.14 |
|
UK Pound |
1 |
INR 89.50 |
|
Euro |
1 |
INR 79.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
YES |
|
--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.
·