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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

498088

Report Date :

16.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

L'OREAL INDIA PRIVATE LIMITED (w.e.f. 04.07.2000)

 

 

Formerly Known As :

INDELOR INDIA PRIVATE LIMITED (w.e.f. 04.07.1996)

 

LABORATORIES GARNIER (INDIA) PRIVATE LIMITED

 

 

Registered Office :

A-Wing, 8th Floor, Marathon Futurex, N M Joshi Marg, Lower Parel,  Mumbai – 400013, Maharashtra

Tel. No.:

91-22-67003000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

19.02.1991

 

 

Com. Reg. No.:

11-060363

 

 

Capital Investment / Paid-up Capital :

INR 3063.740 Million

 

 

CIN No.:

[Company Identification No.]

U85190MH1991PTC060363

 

 

IEC No.:

[Import-Export Code No.]

0394038789

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AAACL0738K1ZH

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACL0738K

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The company is in the business of manufacturing, importing, selling, exporting and trading in all kinds of cosmetics, toiletries, personal and health care products. [Registered Activity]

 

 

No. of Employees :

Information denied 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++

Minimum Risk

Business dealings permissible with minimum risk of default

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

L'Oreal Group is a French cosmetics and beauty company and it is the world’s largest cosmetics company which has developed activities in the field of cosmetics, concentrating on hair colour, skin care, sun protection, make-up, perfumes and hair care.

 

With regard to Indian operations, revenue of the company has marginally declined by 5.75% but has maintained average profit margin of 4.22% during FY 2016.

 

Ratings take into consideration healthy financial profile on back of low financial leverage with favorable capital structure and comfortable liquidity parameters.

 

Rating continue to derive strength from the company’s diversified products portfolio backed by its global footprints in cosmetic segment and decent brand recondition as “L’Oreal” among the customer worldwide.

 

Rating also takes into account of strong financial and managerial support that company receives from its holding entity backed by its well experienced management team.

 

Payments seems to be regular and as per commitment.

 

In view of the aforesaid, the company can be considered for business dealings at usual trade terms an dcodnitions.

 

Note: As per Registrar of Companies, the date of balance sheet i.e. financials filed is shown as 31st March, 2017 but documents related to the financials for the year 2017 are not available from any sources.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

EXTERNAL AGENCY RATING

 

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 16.03.2018.

 

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.: 91-22-67003000)

 

 

LOCATIONS

 

Registered Office :

A-Wing, 8th Floor, Marathon Furutex, N M Joshi Marg, Lower Parel,  Mumbai – 400013, Maharashtra, India

Tel. No.:

91-22-67003000

Fax No.:

91-22-67003160

E-Mail :

PL.MISHRA@loreal.com

Website :

www.loreal.co.in

 

 

Research and Innovation Centre:

L'Oreal India - R&I Centre, Mumbai : 7th Floor, Universal Magistic, Ghatkopar - Mankhurd Link Road, Chembur, Mumbai – 400071, Maharashtra, India

 

 

Factory 1 :

Gut No. 426, Chakan Talegaon Road, Mahalunge Ingle, Pune – 410501, Maharashtra, India

 

 

Factory 2 :

Located at

 

·         Umergaon, Gujarat, India

 

 

DIRECTORS

 

AS ON 2018

 

Name :

Jean Christophe Pierre Andre Letellier

Designation :

Managing director

Address :

11th and 12th Floor, Kismat, Perry Cross Road, Bandra (West), Mumbai - 400050, Maharashtra, India

Date of Birth/Age :

08.10.1970

Date of Appointment :

01.08.2013

DIN No. :

06647561

 

 

Name :

Mr. Thierry Jean Pierre Amedee Laurain

Designation :

Additional Director

Address :

Taj Lands End, Room No 2411, Bandstand Fort Byramji Jeejeebhoy Road, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Appointment :

01.09.2017

DIN No. :

07911222

 

 

Name :

Laurent Francois Marcel Schmitt

Designation :

Director

Address :

11, Boulevard Du General Koenig, Neuilly Sur Seine, 92200, France

Date of Birth/Age :

24.04.1964

Date of Appointment :

30.06.2014

DIN No. :

02007196

 

 

Name :

Pierre Yves Thomas Arzel

Designation :

Director

Address :

21, Union Park, Pali Hill Road, Khar (West), Mumbai – 400052, Maharashtra, India

Date of Birth/Age :

18.12.1958

Date of Appointment :

01.08.2013

DIN No. :

05311423

 

 

KEY EXECUTIVES

 

Name :

Mr. Padmalochan Mishra

Designation :

Company Secretary

Address :

EMP -71, Sector-1, Moon Building, Flat No- 403, Thakur Village, Kandivali (East), Mumbai - 400101, Maharashtra, India

Date of Birth/Age :

13.06.1968

Date of Appointment :

01.02.2003

PAN No.:

AHOPM2112Q

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

No. of Shares

 

L’Oreal SA, France

296958248

Holdial, France

1

Total

296958249

 

 

AS ON 29.09.2017

 

Equity Share Break up

Percentage

Category

 

 

Promoters – [Bodies corporate]

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

The company is in the business of manufacturing, importing, selling, exporting and trading in all kinds of cosmetics, toiletries, personal and health care products. [Registered Activity]

 

 

Products / Services :

ITC Code

Product/ Services Description

33030090

Cosmetic Product

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Not Available

 

PRODUCTION STATUS – (As on 31.03.2016)

 

Particulars

Unit

Installed Capacity

Production

(in million)

Cosmetics - Hair Care

Bottles

174.46

99.53

Cosmetics - Skin Care

Units

144.79

58.25

Cosmetics - Hair Colour

Units

222.25

61.03

Cosmetics - Make Up

Units

76.95

1.36

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Bank Name

Not Divulged

Branch

--

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

Heritage, 3rd Floor, New Gujarat Vidhyapith, Off Ashram, Ahmedabad –380014, Gujarat, India

Tel. No.:

91-79-27582542/27582543

Fax No.:

91-79-27582551

PAN No.:

AABFD7919A

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company:

Loreal SA, France

 

 

Fellow Subsidiaries:

[As On 31.03.2016]
  • Areca and Cie
  • Banque de Réalisations de Gestion et de Financement (Regefi)
  • Beauté Créateurs
  • Beauté, Recherche and Industries
  • Beautycos International Co. Limited (China)
  • Beautylux International Cosmetics (Shanghai) Co. Limited (China)
  • Biotherm (Monaco)
  • Canan Kozmetik Sanayi Ve Ticaret A.S. (Turkey)
  • Carita International
  • Centre Logistique dEssigny
  • Centrex
  • Chimex
  • Cobelsa Cosmeticos, S.A.
  • Colainaf
  • Compagnie Thermale Hôtelière et Financière
  • Cosbel S.A. de C.V.
  • Cosmelor KK
  • Cosmelor Limited (Japan)
  • Cosmephil Holdings Corporation (Philippines)
  • Cosmeplas S.A.S
  • Cosmetil
  • Cosmétique Active France
  • Cosmétique Active International
  • Cosmétique Active Production
  • Egyptelor LLC (Egypt)
  • Elebelle (Proprietary) Limited (South Africa)
  • EpiSkin
  • Erwiton S.A. (Uruguay)
  • Exclusive Signatures International
  • Fapagau and CIE
  • Faprogi
  • Finval
  • Frabel S.A. de C.V.
  • Galderma Pharma S.A. (Switzerland)
  • Gemey Maybelline Garnier
  • Gemey Paris Maybelline New York
  • Goldys International
  • Helena Rubinstein
  • Helena Rubinstein Italia S.P.A
  • Holdial
  • Hygiene Beaute Distribution France
  • Inneov France
  • Kosmepol Sp z.o.o (Poland)
  • L and J RÉ
  • LOA1
  • LOA3
  • La Roche-Posay Dermato-Cosmetique
  • La Roche-Posay Laboratorie Pharmaceutique
  • Laboratories Decleor
  • Laboratorie Inneov
  • Laboratorie Sanoflore
  • Laboratorios de cosmeticos Vogue S.A.S
  • Lai Mei Cosmetics International Trading (Shangai) Co. Limited
  • Lancome Parfums and Beaute and Cie
  • LaScad
  • Le Club des Createurs de Beaute
  • Lehoux et Jacque
  • L'Oreal Adria d. o. o. (Croatia)
  • L'Oreal Argentina S. A. (Argentina)
  • L'Oreal Australia Pty Limited
  • L'Oreal Balkan d. o. o. (Serbia)
  • LOréal Baltic SIA (Latvia)
  • LOréal Belgilux S.A. (Belgium)
  • LOréal Brasil Comercial de Cosméticos Limiteda
  • LOréal Brasil Licenciamentos Empresariais, Cosmeticos e Perfumes Limiteda
  • L'Oreal Brasil Pesquisas
  • LOréal Bulgaria EOOD
  • LOréal Canada, Inc.
  • L'Oreal Central America (Panama)
  • LOréal Central West Africa (Nigeria)
  • LOréal Ceska Republika s.r.o (Czech Republic)
  • LOréal Chile S.A. (Chile)
  • L'Oreal (China) Co. Limited(China)
  • LOréal Colombia S.A. (Colambia)
  • LOréal Cosmetics Industry S.A.E. (Egypt)
  • LOréal Danmark A/S (Denmark)
  • LOréal Deutschland GmbH (Germany)
  • LOréal East Africa Limited (Kenya)
  • LOréal Egypt LLC
  • LOréal España S.A. (Spain)
  • LOréal Finland Oy (Finland)
  • LOréal Guatemala S.A.
  • LOréal Hellas S.A. (Greece)
  • LOréal Hong Kong Limited
  • LOréal Investments B.V. (The Netherlands)
  • LOréal Israel Limited
  • LOréal Italia Spa
  • LOréal Japan Limited (Japan)
  • LOréal Kazakhstan LLP (Kazakhstan)
  • LOréal Korea Limited (Korea)
  • LOréal Liban SAL
  • LOréal Libramont
  • LOréal Magyarorszag Kozmetikai Kft (Hungary)
  • LOréal Malaysia SDN BHD (Malaysia)
  • LOréal Manufacturing Midrand Pty Limited
  • L'Oreal Maroc
  • LOréal Mexico S.A. de C.V. (Mexico)
  • LOréal Mexico Servicios S.A. de C.V.
  • LOréal Middle East (United Arab Emirates)
  • LOréal Nederland B.V. (The Netherlands)
  • LOréal New Zealand Limited (New Zealand)
  • LOréal Norge A/S (Norway)
  • LOréal Österreich GmbH (Austria)
  • LOréal Pakistan Private Limited
  • LOréal Panama S.A.
  • LOréal Peru S.A. (Peru)
  • LOréal Philippines, Inc.
  • LOréal Polska Sp Z.O.O. (Poland)
  • LOréal Portugal, Lda
  • LOréal Produits de Luxe France
  • LOréal Produits de Luxe International
  • LOA4
  • LOA5
  • LOréal Produktion Deutschland Beteiligung GmbH
  • LOréal Produktion Deutschland GmbH and Co. Kg
  • LOréal Romania SRL (Romania)
  • LOréal Saipo Industriale S.p.A
  • L'Oreal Saudi Arabia (Saudi Arabia)
  • LOréal Singapore Pte Limited (Singapore)
  • LOréal Slovenija Kozmetika d.o.o (Solvenia)
  • LOréal Slovensko s.r.o (Slovakia)
  • LOréal SLP S.A. de C.V.
  • LOréal South Africa Holdings Pty Limited
  • LOréal Suisse S.A.
  • LOréal Sverige AB (Sweden)
  • LOréal Taiwan Co. Limited (Taiwan)
  • LOréal Thailand Limited
  • LOréal Turkiye Kozmetik Sanayi Ve Ticaret Anonim Sirketi
  • LOréal UK Limited (United Kingdom)
  • LOréal Ukraine
  • L'Oreal Uruguay S. A.
  • LOréal USA, Inc. (Sous- groupe)
  • LOréal Venezuela, C.A.
  • LOréal Verwaltungs GmbH
  • LOréal Vietnam Co. Limited
  • LOréal West Africa Limited
  • Magic Holdings International Limited
  • Masrelor LLC (Egypt)
  • Matrix Distribution GmbH
  • Nihon LOréal K.K. (Japan)
  • NLO K.K.
  • P.T. LOréal Indonesia
  • P.T. Yasulor Indonesia
  • Parbel of Florida, Inc. (USA)
  • Parfums Cacharel and Cie
  • Parfums Guy Laroche
  • Parfums Paloma Picasso and Cie
  • Parfums Ralph Lauren
  • Prestige et Collections International
  • Procosa Productos de Beleza Limiteda (Brazil)
  • Productos Capilares LOréal S.A.
  • Redken France
  • Roger and Gallet
  • Sanofi
  • SLP Asistencia S.A. de C.V.
  • Scental Limited (Hong Kong)
  • Shu Uemura Cosmetics Inc.
  • Sicôs and CIE
  • Société de Développement Artistique
  • Société Hydrominérale de La Roche-Posay
  • Sofamo (Monaco)
  • Soprocos
  • Soproréal
  • Sparlys
  • The Body Shop International PLC (United Kingdom) (sous-groupe)
  • Venprobel (Venezuela)
  • Viktor and Rolf Parfums
  • Yichang Tianmei International Cosmetics Co. Limited
  • YSL Beauté
  • YSL Beauté Vostok o.o.o.
  • Zao LOréal
  • Soproréal
  • Sparlys
  • The Body Shop (sous-groupe)
  • Venprobel
  • Viktor and Rolf Parfums
  • Yichang Tianmei International Cosmetics Co. Limited
  • YSL Beauté
  • YSL Beauté Vostok o.o.o.
  • Zao LOréal

 

 

CAPITAL STRUCTURE

 

AS ON 29.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

381500000

Equity Shares

INR 10/- each

INR 3815.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

296958249

Equity Shares

INR 10/- each

INR 2969.582 Million

 

 

 

 

 

 

AS ON 31.03.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

381500000

Equity Shares

INR 10/- each

INR 3815.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

306374445

Equity Shares

INR 10/- each

INR 3063.744 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are 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

3063.740

3063.740

3063.740

(b) Reserves & Surplus

3887.290

2705.850

1508.520

(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)

6951.030

5769.590

4572.260

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

39.660

39.660

39.660

(b) Deferred tax liabilities (Net)

0.000

0.000

180.650

(c) Other long term liabilities

101.100

203.440

114.740

(d) long-term provisions

185.550

181.710

0.000

Total Non-current Liabilities (3)

326.310

424.810

335.050

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

200.000

845.910

(b) Trade payables

6457.350

5212.220

5034.670

(c) Other current liabilities

510.200

665.330

827.820

(d) Short-term provisions

726.870

379.990

289.980

Total Current Liabilities (4)

7694.420

6457.540

6998.380

 

 

 

 

TOTAL

14971.760

12651.940

11905.690

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

4202.270

3900.270

3632.680

(ii) Intangible Assets

1040.170

1154.330

1166.890

(iii) Capital work-in-progress

684.560

924.090

606.480

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

415.280

274.560

175.740

(d)  Long-term Loan and Advances

881.710

714.300

731.810

(e) Other Non-current assets

1.990

2.030

2.030

Total Non-Current Assets

7225.980

6969.580

6315.630

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2876.650

2858.860

2725.020

(c) Trade receivables

1672.920

1618.900

1678.430

(d) Cash and cash equivalents

2263.550

96.900

83.310

(e) Short-term loans and advances

884.440

1049.480

1094.100

(f) Other current assets

48.220

58.220

9.200

Total Current Assets

7745.780

5682.360

5590.060

 

 

 

 

TOTAL

14971.760

12651.940

11905.690

 

 

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

27997.130

29706.700

 

 

Other Income

222.680

81.920

 

 

TOTAL

28219.810

29788.620

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

2942.010

3140.630

 

 

Purchases of Stock-in-Trade

4214.430

5289.230

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

134.300

(163.470)

 

 

Employees benefits expense

2664.160

2933.940

 

 

CSR Expenditure

20.150

0.000

 

 

Other expenses

15440.560

15560.530

 

 

TOTAL

25415.610

26760.860

NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

2804.200

3027.760

 

 

 

 

 

 

Less

FINANCIAL EXPENSES

15.690

89.870

 

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2788.510

2937.890

 

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

950.790

1016.860

651.700

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1837.720

1921.030

665.130

 

 

 

 

 

Less

TAX

656.280

723.700

 0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

1181.440

1197.330

447.560

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

2609.270

1564.780

1913.840

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

3.86

3.91

1.46

 

 

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

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operations

4357.220

3153.360

1053.050

Net cash flows from (used in) operating activities

3502.190

2330.710

733.450

 

 

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]

21.81

19.89

NA

 

 

 

 

Account Receivables Turnover

[Income / Sunday Debtors]

16.74

18.35

0.00

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

329.34

225.68

NA

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.97

1.06

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.47

0.51

0.00

 

 

 

 

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)

0.52

0.51

0.59

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.01

0.04

0.19

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.11

1.12

1.53

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.85

1.04

1.18

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

178.73

33.69

NA

 

 

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)

PAT to Sales

((PAT / Sales) * 100)

%

4.22

4.03

NA

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

7.89

9.46

3.76

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

17.00

20.75

9.79

 

 

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)

1.01

0.88

0.80

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.63

0.44

0.41

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.46

0.46

0.38

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.01

0.08

0.29

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.01

0.88

0.80

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.12.2013

[12 Months]

31.03.2015

[15 Months]

31.03.2016

[12 Months]

 

INR In Million

INR In Million

INR In Million

Share Capital

3063.740

3063.740

3063.740

Reserves & Surplus

1508.520

2705.850

3887.290

Net worth

4572.260

5769.590

6951.030

 

 

 

 

Long Term borrowings

39.660

39.660

39.660

Short Term borrowings

845.910

200.000

0.000

Total borrowings

885.570

239.660

39.660

Debt/Equity ratio

0.194

0.042

0.006

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

[15 Months]

31.03.2016

[12 Months]

 

INR In Million

INR In Million

Sales

29706.700

27997.130

 

 

(5.755)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

[15 Months]

31.03.2016

[12 Months]

 

INR In Million

INR In Million

Sales

29706.700

27997.130

Profit

1197.330

1181.440

 

4.03%

4.22%

 

 

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)

Yes

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

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 two financial year

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three financial year

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

 

 

CORPORATE INFORMATION: [As On 31.03.2016]

 

Company is in the business of manufacturing, importing, selling, exporting and trading in all kinds of cosmetics, toiletries, personal and health care products. Subject a wholly owned subsidiary of L'Oreal SA was incorporated in India on 19th February, 1991 to carry on the business of manufacturing, importing, selling, exporting and trading in all kinds of cosmetics, toiletries, personal and health care products.

 

 

UNSECURED LOANS:

 

Particulars

31.03.2016

INR In Million

31.03.2015

INR In Million

LONG TERM BORROWINGS

 

 

Deferred payment liabilities

39.660

39.660

SHORT TERM BORROWINGS

 

 

Loans repayable on demand from banks

0.000

200.000

Total

39.660

239.660

 

 

INDEX OF CHARGE: NO CHARGES EXISTS FOR COMPANY

 

 

CONTINGENT LIABILITIES:

 

(INR in million)

PARTICULARS

31.03.2016

31.03.2015

 

 

 

Claims against company not acknowledged as debt

1167.670

2231.730

 

 

FIXED ASSETS

 

Tangible Assets

·         Land

·         Buildings

·         Plant and Equipment

·         Furniture and Fixtures

·         Vehicles

·         Motor Vehicles

·         Office Equipment

·         Computer Equipments

·         Other Equipments

·         Leasehold Improvements

 

Intangible Assets

·         Brands and Trade Marks

·         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, India Prisons Service, Interpol, etc.

 

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 64.94

UK Pound

1

INR 90.72

Euro

1

INR 80.32

 

 

INFORMATION DETAILS

 

Information Gathered by :

SWT

 

 

Analysis Done by :

PRI

 

 

Report Prepared by :

GEET

 

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

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.