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|
|
MIRA
INFORM REPORT
|
Report No. : |
494573 |
|
Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARLE PRODUCTS PRIVATE LIMITED (w.e.f. 27.08.1966) |
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|
|
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Formerly Known
As : |
PARLE PRODUCTS MANUFACTURING COMPANY PRIVATE LIMITED |
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Registered
Office : |
North Level Crossing, Vile Parle (East), Mumbai – 400057, Maharashtra |
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Tel. No.: |
91-22-67130300 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
09.12.1950 |
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|
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Com. Reg. No.: |
11-008334 |
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Capital
Investment / Paid-up Capital : |
INR 19.410 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15400MH1950PTC008334 |
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|
|
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACP0486A1ZT |
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TIN No: |
27950000347 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP15062F/ MUMP00186E |
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|
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PAN No.: [Permanent Account No.] |
AAACP0486A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of Biscuits, Confectionery, Snacks and
Bakery Items. (Registered
Activity) |
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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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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Maximum Credit Limit : |
USD 8300000 |
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|
|
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1950 and it is having excellent track records. It offers variety products range including of milk, butter, chocolate, and cream biscuits; crispy toasts/rusks a range of snacks and chocolates, candies, and mints. It owns the famous biscuit brand Parle-G. The company sells its products to customers in India, the United States, the United Kingdom, Canada, Australia, New Zealand, the Middle East and internationally. Management of the company has not filed its financials of 2017 with government department. For the financial year 2016, the company has registered decrease in its revenue from operation as compared to previous year and maintained average profitability margin of 4.52%. Rating takes into consideration strong financial profile of the company marked by healthy networth base and debt free balance sheet. Further, rating also reflects from its experience of the promoters along with established track records of business operations, diversified product portfolio as well as well- known market position and healthy improvement in the profitability profile during the year. However, rating strength is partially offset by volatility in raw material prices and intense competition from industry. Trade relations are reported as fair. Business is active. Payments terms are seem to be regular. In view of the 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
31-03-2016.
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 28.02.2018
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 DENIED BY
|
Name : |
Mr. Gaurav |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67130300 |
|
Date : |
27.02.2018 |
LOCATIONS
|
Registered / Corporate Office/ Factory 1 : : |
North Level Crossing, Vile Parle (East), Mumbai – 400 057, |
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Tel. No.: |
91-22-66916911-15/ 30370418/ 6713 0300 |
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Fax No.: |
91-22-66916927/ 66916926 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 2 : |
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Tel. No.: |
91-22-66916911 to 14 |
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Fax No.: |
91-22-66916927 |
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Factory 3 : |
SP-2/4 RIICO Industrial Area, |
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Factory 4 : |
36, |
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Factory 5: |
Survey No.120/2 and 118/2, Doddabidarakallu Village,
Yeshwantpura, Hubli, Bangalore North, 15th K.M., Tumkur Road, N.H.
No.4, Bangalore – 560 073, Karnataka, India |
|
Tel. No.: |
91-80-28398825/ 28372807 |
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Fax No.: |
91-80-28398800/ 28398825 |
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|
|
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Factory 6: |
V.S. Khandekar Marg, Vile Parle (East), Mumbai – 400 057, |
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Tel. No.: |
91-22-66916911 |
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Fax No.: |
91-22-66916926 |
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|
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Postal Address
1: |
Reliance Data Center Dhirubhai Ambani Knowledge City, Thane-Belapur Road, Koparkhairane, Navi Mumbai-400710, Maharashtra, India |
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Tel. No.: |
91-22-3037 0418 |
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Postal Address
2: |
Reliance Data Center, Khanija Bhavan, Racecourse Road, Seshadripuram, Bengaluru - 560001, Karnataka, India |
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|
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Regional Sales Offices (RSO) : |
Located at : · Mumbai · Delhi · Bangalore ·
Kolkata
|
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vijay Kantilal Chauhan |
|
Designation : |
Managing Director |
|
Address : |
353, Kanila, Swami Vivekananda Road, Vile Parle (West), Mumbai-400056,
Maharashtra, India |
|
Date of Birth/Age : |
26.12.1936 |
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Date of Appointment : |
31.05.1993 |
|
Qualification : |
B.S.-Worcester Polytechnic Institute, USA (Mech. Engg) |
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PAN No.: |
AABPC5047N |
|
DIN No: |
00290771 |
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|
|
|
Name : |
Mr. Sharad Pitamber Chauhan |
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Designation : |
Managing Director |
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Address : |
353, Kanila, Swami Vivekananda Road, Vile Parle (West), Mumbai-400056,
Maharashtra, India |
|
Date of Birth/Age : |
26.10.1944 |
|
Date of Appointment : |
19.08.2015 |
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Qualification : |
B.S.- Massachussets Institute of Technology, USA (Industrial Management), B.S. – Massachussets Institute of Technology, USA (Electrical Engineering) |
|
PAN No.: |
AABPC5044R |
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DIN No: |
00290803 |
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|
|
|
Name : |
Mr. Arup Sharad Chauhan |
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Designation : |
Wholetime Director |
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Address : |
353, Kanila, Swami Vivekananda Road, Vile Parle (West), Mumbai-400056,
Maharashtra, India |
|
Date of Birth/Age : |
B.Com |
|
Date of Appointment : |
25.09.2002 |
|
Qualification : |
23.06.1975 |
|
PAN No.: |
AABPC5046P |
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DIN No: |
00290834 |
|
|
|
|
Name : |
Mr. Ajay Vijay Chauhan |
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Designation : |
Wholetime Director |
|
Address : |
353, Kanila, Swami Vivekananda Road, Vile Parle (West), Mumbai-400056,
Maharashtra, India |
|
Date of Birth/Age : |
21.07.1965 |
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Date of Appointment : |
12.07.1995 |
|
Qualification : |
B.S. – (Mech. Engg.) USA, MBA (USA) |
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PAN No.: |
AABPC5041L |
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DIN No: |
00290837 |
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|
|
|
Name : |
Mr. Samar Sharad Chauhan |
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Designation : |
Wholetime Director |
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Address : |
353, Kanila, Swami Vivekananda Road, Vile Parle (West), Mumbai-400056, Maharashtra, India |
|
Date of Birth/Age : |
26.06.1979 |
|
Date of Appointment : |
18.07.2007 |
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Qualification : |
B.Com, Mumbai, MBA |
|
PAN No.: |
AAVPC6822F |
|
DIN No: |
00290852 |
KEY EXECUTIVES
|
Name : |
H. S. Chauhan and Company |
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Designation : |
Company Secretaries |
|
Address : |
312, Corporate Annexe, Sonawala Road, Goregaon (East), Mumbai- 400063, Maharashtra, India |
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Mob. No: |
91-8652880047 |
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|
|
|
Name : |
Mr. Gaurav |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 31.03.2016
NOTE: SHAREHOLDER FILES ARE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
44.15 |
|
Promoters (Body corporate) |
28.35 |
|
Promoters- Others(Trust) |
27.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Manufacturers of Biscuits, Confectionery, Snacks and
Bakery Items. (Registered
Activity) |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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|
Name : |
N. S. Buhriwalla and Associates Chartered Accountants |
|
Address : |
201, Konark Classic, 85 Hill Road, Bandra, Mumbai – 400050, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABRPB4654P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
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Subsidiary Company: |
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|
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|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
|
CAPITAL STRUCTURE
As on: 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
392000 |
Equity Shares |
INR 100 /- each |
INR 39.200 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
194100 |
Equity Shares |
INR 100 /- each |
INR 19.410 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.410 |
19.410 |
19.410 |
|
(b) Reserves and Surplus |
2887.678 |
2668.819 |
2487.875 |
|
(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) |
2907.088 |
2688.229 |
2507.285 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
1551.897 |
1694.134 |
1688.157 |
|
(d) long-term
provisions |
272.774 |
195.081 |
122.953 |
|
Total Non-current
Liabilities (3) |
1824.671 |
1889.215 |
1811.110 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1458.611 |
1567.432 |
1596.315 |
|
(c) Other
current liabilities |
704.448 |
556.297 |
637.696 |
|
(d) Short-term
provisions |
255.649 |
367.924 |
275.149 |
|
Total Current
Liabilities (4) |
2418.708 |
2491.653 |
2509.160 |
|
|
|
|
|
|
TOTAL |
7150.467 |
7069.097 |
6827.555 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
539.828 |
599.540 |
693.766 |
|
(ii)
Intangible Assets |
2.300 |
2.949 |
2.998 |
|
(iii) Tangible assets
capital work-in-progress |
62.023 |
59.494 |
39.268 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
768.203 |
806.076 |
650.060 |
|
(c) Deferred tax assets (net) |
74.538 |
89.921 |
66.403 |
|
(d)
Long-term loans and advances |
734.883 |
679.337 |
714.361 |
|
(e) Other
Non-current assets |
14.584 |
19.898 |
17.782 |
|
Total Non-Current
Assets |
2196.359 |
2257.215 |
2184.638 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
2753.256 |
2146.786 |
2331.827 |
|
(b)
Inventories |
1115.541 |
1175.015 |
1345.007 |
|
(c) Trade
receivables |
470.370 |
636.057 |
473.793 |
|
(d) Cash and
bank balances |
165.579 |
429.177 |
94.707 |
|
(e)
Short-term loans and advances |
423.295 |
402.528 |
376.754 |
|
(f) Other
current assets |
26.067 |
22.319 |
20.829 |
|
Total
Current Assets |
4954.108 |
4811.882 |
4642.917 |
|
|
|
|
|
|
TOTAL |
7150.467 |
7069.097 |
6827.555 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
19831.846 |
21576.404 |
20936.549 |
|
|
Other Income |
529.724 |
406.253 |
284.226 |
|
|
TOTAL |
20361.570 |
21982.657 |
21220.775 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
11573.340 |
13155.146 |
13323.157 |
|
|
Purchases of
Stock-in-Trade |
1158.748 |
1227.719 |
1256.474 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
44.062 |
131.538 |
(228.517) |
|
|
Employee benefit expense |
722.977 |
682.832 |
588.064 |
|
|
Other expenses |
5119.801 |
5476.138 |
5280.690 |
|
|
Extraordinary items |
17.022 |
(1.665) |
16.045 |
|
|
TOTAL |
18635.950 |
20671.708 |
20235.913 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1725.620 |
1310.949 |
984.862 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
162.306 |
156.993 |
151.610 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1563.314 |
1153.956 |
833.252 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
101.344 |
127.759 |
116.802 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1461.970 |
1026.197 |
716.450 |
|
|
|
|
|
|
|
Less |
TAX |
565.383 |
379.928 |
235.641 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
896.587 |
646.269 |
480.809 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
318.299 |
137.355 |
80.702 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
48.100 |
|
|
Interim Equity Dividend |
384.512 |
123.836 |
128.106 |
|
|
Proposed Final Equity Dividend |
178.572 |
260.676 |
193.324 |
|
|
Tax on Equity Dividends |
114.645 |
74.120 |
54.626 |
|
|
Tax on Dividend |
0.000 |
6.693 |
0.000 |
|
|
Balance
Carried to the B/S |
537.157 |
318.299 |
137.355 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
16.791 |
21.609 |
1772.992 |
|
|
TOTAL EARNINGS |
16.791 |
21.609 |
1772.992 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
12.413 |
22.321 |
22.511 |
|
|
Components and spare
parts |
0.000 |
0.000 |
0.190 |
|
|
Capital Goods |
5.043 |
3.303 |
0.895 |
|
|
TOTAL IMPORTS |
17.456 |
25.624 |
23.596 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4706.90 |
3320.99 |
2559.78 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1292.168 |
1138.416 |
1232.370 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
802.685 |
808.405 |
1039.929 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
8.66 |
10.76 |
8.26 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
42.16 |
33.92 |
44.19 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
41.82 |
39.78 |
39.96 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.55 |
1.12 |
0.73 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
2.86 |
1.98 |
1.34 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.34 |
0.35 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.83 |
0.93 |
1.00 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.21 |
0.25 |
0.29 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
10.63 |
8.35 |
6.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
4.52 |
3.00 |
2.30 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
12.54 |
9.14 |
7.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
30.84 |
24.04 |
19.18 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
2.05 |
1.93 |
1.85 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.59 |
1.46 |
1.31 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.41 |
0.38 |
0.37 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
2.05 |
1.93 |
1.85 |
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 |
19.410 |
19.410 |
19.410 |
|
Reserves & Surplus |
2487.875 |
2668.819 |
2887.678 |
|
Net
worth |
2507.285 |
2688.229 |
2907.088 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
20936.549 |
21576.404 |
19831.846 |
|
|
|
3.056 |
(8.085) |
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 |
20936.549 |
21576.404 |
19831.846 |
|
Profit/ (Loss) |
480.809 |
646.269 |
896.587 |
|
|
2.30
% |
3.00
% |
4.52
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
19.410 |
19.410 |
|
(b) Reserves and Surplus |
28485.021 |
24245.279 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
(d) Minority interest |
676.807 |
386.232 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
28504.431 |
24264.689 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
438.935 |
292.102 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
1780.554 |
1849.677 |
|
(d) long-term
provisions |
811.592 |
844.417 |
|
Total Non-current
Liabilities (3) |
3031.081 |
2986.196 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
8.212 |
0.112 |
|
(b) Trade
payables |
4561.333 |
4849.703 |
|
(c) Other current
liabilities |
2068.610 |
2048.205 |
|
(d) Short-term
provisions |
314.297 |
426.631 |
|
Total Current
Liabilities (4) |
6952.452 |
7324.651 |
|
|
|
|
|
TOTAL |
39164.771 |
34961.768 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
6056.251 |
5312.574 |
|
(ii)
Intangible Assets |
16.722 |
20.254 |
|
(iii) Tangible assets
capital work-in-progress |
497.136 |
711.324 |
|
(iv)
Intangible assets under development |
231.692 |
89.437 |
|
(b) Non-current Investments |
5167.925 |
4511.358 |
|
(c) Deferred tax assets (net) |
250.429 |
248.355 |
|
(d)
Long-term loans and advances |
1529.664 |
1401.820 |
|
(e) Other
Non-current assets |
38.923 |
32.479 |
|
Total Non-Current
Assets |
13788.742 |
12327.601 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
10416.276 |
8360.345 |
|
(b)
Inventories |
8216.681 |
8092.411 |
|
(c) Trade
receivables |
1524.817 |
1900.483 |
|
(d) Cash and
bank balances |
3482.546 |
2648.886 |
|
(e)
Short-term loans and advances |
1600.675 |
1464.168 |
|
(f) Other
current assets |
135.034 |
167.874 |
|
Total
Current Assets |
25376.029 |
22634.167 |
|
|
|
|
|
TOTAL |
39164.771 |
34961.768 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
93314.220 |
90972.774 |
|
|
Other Income |
1924.769 |
1966.012 |
|
|
TOTAL |
95238.989 |
92938.786 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
58872.478 |
59813.831 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
162.578 |
17.404 |
|
|
Employee benefit expense |
2760.924 |
2490.663 |
|
|
CSR expenditure |
0.000 |
0.000 |
|
|
Other expenses |
24498.930 |
22704.964 |
|
|
Extraordinary items before tax |
14.544 |
(3.639) |
|
|
TOTAL |
86309.454 |
85023.223 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
8929.535 |
7915.563 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
194.903 |
202.085 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8734.632 |
7713.478 |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1217.905 |
1265.397 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
7516.727 |
6448.081 |
|
|
|
|
|
|
Less |
TAX |
2519.162 |
2108.937 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4997.565 |
4339.144 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
25822.30 |
22336.44 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
no |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from “V.S. Khandekar Marg, Vile Parle (East), Mumbai – 400057, Maharashtra, India” to the present address w.e.f. 12.09.2007.
OPERATIONS:
The sales for the year is INR 19831.846 Million as compared to previous year’s sales of INR 21576.404 Million showing an decrease of 8.08% in sales.
The Net Profit after Taxation and Depreciation is INR 896.587 Million as compared to INR 646.269 Million for the previous year.
COMPANY'S BACKGROUND
The Company, having its registered office in Mumbai, Maharashtra is one of the leading Manufacturers of
Biscuits, Confectionery, Snacks and Bakery Items.
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B36494409 |
10346700 |
IDBI Bank Limited |
14/03/2012 |
- |
- |
100000000.0 |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI-400005, Maharashtra, India |
|
2 |
C05696224 |
10133421 |
KOTAK MAHINDRA BANK LIMITED |
07/11/2008 |
15/05/2014 |
- |
1150000000.0 |
27-BKC, C-27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India |
|
3 |
Y10262839 |
90161592 |
BANK OF BARODA |
27/01/1981 |
- |
- |
4000000.0 |
WORLI BRANCH, BOMABY, Maharashtra, India |
|
4 |
Y10327468 |
90224677 |
CORPORATION BANK |
18/11/1995 |
- |
01/01/1998 |
17500000.0 |
INDUSTRIAL FINANCE BRANCH, BHARAT HOUSE, GROUND FLOOR, NO-104; B.S. MARG, BOMBAY-400001, Maharashtra, India |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Office equipment
- Vehicle
- Computer
Accessories
- 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 64.85 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.