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MIRA INFORM REPORT
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Report No. : |
499049 |
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Report Date : |
22.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
NATURES BASKET LIMITED |
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Registered
Office : |
Godrej One, 3rd Floor, Pirojshanagar, Eastern Express
Highway, Vikhroli (East), Mumbai-400079, Maharashtra |
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Tel. No.: |
91-22-25197788 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
29.05.2008 |
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Com. Reg. No.: |
11-182816 |
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Capital
Investment / Paid-up Capital : |
INR 2252.300 Million |
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CIN No.: [Company Identification
No.] |
U15310MH2008PLC182816 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCN7803K |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject
is engaged in the business of selling, distributing, buying, acquiring,
storing, packing, canning, preserving, transporting, importing, exporting,
trading, managing, processing, converting, producing, manufacturing,
formulating, using, giving on franchise retail outlets dealing in all types
of foodstuff either for human being or otherwise, food grains products,
beverage, meat, fish aqua, marine products, birds, poultry, fruits,
vegetables, groceries, dairy products on wholesale and retails basis.
[Registered Activity] |
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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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Godrej Industries
Limited” and was incorporated in the year 2008. It is engaged in gourmet food
retailing business.
|
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 22.03.2018
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.: 91-22-25197788)
LOCATIONS
|
Registered / Head Office : |
Godrej One, 3rd Floor, Pirojshanagar, Eastern Express
Highway, Vikhroli (East), Mumbai-400079, Maharashtra, India |
|
Tel. No.: |
91-22-25197788/ 25197240 |
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Fax No.: |
91-22-25197240/ 25197788 |
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E-Mail : |
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Website : |
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Regional Office : |
Located at: · Mumbai · Bangalore · Delhi · Pune ·
Hyderabad |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Ms. Avani Vishal Davda |
|
Designation : |
Managing Director |
|
Address : |
B-82 / 8th Floor, Heera Panna, B Wing, Haji Ali, Mumbai – 400026, Maharashtra, India |
|
Date of Appointment : |
05.05.2016 |
|
DIN No.: |
07504739 |
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|
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Name : |
Mrs. Tanya Arvind Dubash |
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Designation : |
Director |
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Address : |
Hasman Bunglow, 89B Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India |
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Date of Birth/Age : |
14.09.1968 |
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Qualification : |
Graduate |
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Date of Appointment : |
05.03.2009 |
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PAN No.: |
AHCPD2973J |
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DIN No.: |
00026028 |
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Name : |
Mr. Sandeep Murthy |
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Designation : |
Director |
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Address : |
The Imperial, 4105 41st Floor, Notrth Block B B, Nakashe Marg, Mumbai – 400034, Maharashtra, India |
|
Date of Appointment : |
09.05.2016 |
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DIN No.: |
00591165 |
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Name : |
Mr. Sandeep Kumar Barasia |
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Designation : |
Director |
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Address : |
D-80, Gulmohar Park, New Delhi – 110001, India |
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Date of Birth/Age : |
22.09.1972 |
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Qualification : |
B.COM, MBA |
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Date of Appointment : |
16.03.2015 |
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DIN No.: |
01432123 |
KEY EXECUTIVES
|
Name : |
Nikita hitesh shah |
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Designation : |
Company Secretary |
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Address : |
B-502, Shivneri CHS, Nathpai Nagar Ghatkopar (East), Mumbai -400077, Maharashtra, India |
|
Date of Appointment : |
23.08.2017 |
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PAN No.: |
EHZPS6225R |
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|
Name : |
Ms. Sushma Tiwari |
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Designation : |
Company Secretary |
|
Address : |
08/03/1985 |
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Date of Birth/Age : |
Venecia, 'D' Lodha Casa Bella, Dombivali (East), Thane – 421203, Maharashtra, India |
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Date of Appointment : |
01.05.2012 |
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PAN No.: |
AIZPT6515G |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Godrej Industries Limited, India |
|
309229994 |
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Godrej Industries Limited jointly with A.B. Godrej |
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1 |
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Godrej Industries Limited jointly with N.B. Godrej |
|
1 |
|
Godrej Industries Limited jointly with
T.A. Dubash |
|
1 |
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Godrej Industries Limited jointly with Clement Pinto |
|
1 |
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Godrej Industries Limited jointly with Srnivasan |
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1 |
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Godrej Industries Limited jointly with N.S. Nabar |
|
1 |
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Total |
|
309230000 |
AS ON 03.08.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the business of selling, distributing, buying, acquiring,
storing, packing, canning, preserving, transporting, importing, exporting,
trading, managing, processing, converting, producing, manufacturing,
formulating, using, giving on franchise retail outlets dealing in all types
of foodstuff either for human being or otherwise, food grains products,
beverage, meat, fish aqua, marine products, birds, poultry, fruits,
vegetables, groceries, dairy products on wholesale and retails basis.
[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 : |
Information denied by the management |
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Bankers : [As On 31.03.2015] |
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Facilities : |
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Auditors : |
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Name : |
Kalayaniwala
and Mistry Chartered Accountants |
|
Address : |
Kalyaniwalla and Mistry,
Kalpataru Heritage,127, M. G. Road, Mumbai-400023, Maharashtra, India |
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PAN No.: |
AAAFK7554R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Godrej Industries Limited, India [CIN NO.: L24241MH1988PLC097781] |
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Ultimate Holding
Company: |
Godrej And Boyce Manufacturing Company Limited, India [CIN NO.: U28993MH1932PLC001828] |
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Subsidiaries
Companies: |
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Fellow Subsidiary
Company: |
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Enterprises which
are owned, or have significant influence
of or are partners with Key management personnel and their relatives: |
[CIN NO.: U70200MH2012PLC226269]
|
CAPITAL STRUCTURE
As on 03.08.2017
Authorised Capital : INR 4000.000 Million
Issued, Subscribed & Paid-up Capital : INR 3542.300
Million
As on 03.08.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000000 |
Equity Shares |
INR 10/- each |
INR 4000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
309230000 |
Equity Shares |
INR 10/- each |
INR 3092.300 Million |
|
|
|
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|
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270000000 |
Equity Shares |
INR 10/- each |
INR 2700.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
225230000 |
Equity Shares |
INR 10/- each |
INR 2252.300 Million |
|
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|
FINANCIAL DATA
[all figures are
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 |
2252.300 |
1601.900 |
1060.800 |
|
(b) Reserves and Surplus |
(2083.025) |
(1456.175) |
(1020.530) |
|
(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) |
169.275 |
145.725 |
40.270 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
367.573 |
343.689 |
367.313 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.571 |
1.087 |
1.032 |
|
Total Non-current
Liabilities (3) |
369.144 |
344.776 |
368.345 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
52.000 |
52.000 |
52.000 |
|
(b) Trade
payables |
290.431 |
295.692 |
270.948 |
|
(c) Other
current liabilities |
286.043 |
186.832 |
146.496 |
|
(d) Short-term
provisions |
0.187 |
0.156 |
0.473 |
|
Total Current
Liabilities (4) |
628.661 |
534.680 |
469.917 |
|
|
|
|
|
|
TOTAL |
1167.080 |
1025.181 |
878.532 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
450.795 |
364.418 |
385.320 |
|
(ii)
Intangible Assets |
63.993 |
73.106 |
14.101 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
16.400 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
133.565 |
124.187 |
102.810 |
|
(e) Other
Non-current assets |
3.093 |
3.229 |
3.069 |
|
Total Non-Current
Assets |
651.471 |
581.365 |
505.325 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
249.532 |
178.833 |
162.220 |
|
(c) Trade
receivables |
32.066 |
22.960 |
24.402 |
|
(d) Cash and
bank balances |
131.065 |
138.385 |
85.045 |
|
(e)
Short-term loans and advances |
102.843 |
103.630 |
101.540 |
|
(f) Other
current assets |
0.103 |
0.008 |
0.000 |
|
Total
Current Assets |
515.609 |
443.816 |
373.207 |
|
|
|
|
|
|
TOTAL |
1167.080 |
1025.181 |
878.532 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2686.422 |
2072.635 |
1735.348 |
|
|
Other Income |
18.759 |
15.718 |
8.225 |
|
|
TOTAL |
2705.181 |
2088.353 |
1743.573 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2096.420 |
1598.671 |
1378.615 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(70.699) |
(16.613) |
(36.620) |
|
|
Employee benefit expense |
258.744 |
178.797 |
135.831 |
|
|
Other expenses |
892.157 |
611.123 |
478.940 |
|
|
TOTAL |
3176.622 |
2371.978 |
1956.766 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(471.441) |
(283.625) |
(213.193) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
50.113 |
54.572 |
47.359 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(521.554) |
(338.197) |
(260.552) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
104.906 |
88.009 |
52.683 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(626.460) |
(426.206) |
(313.235) |
|
|
|
|
|
|
|
Less |
TAX |
0.390 |
(0.016) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(626.850) |
(426.190) |
(313.235) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
(1456.174) |
(1020.530) |
(707.295) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(2083.024) |
(1456.174) |
(1020.530) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(3.24) |
(3.29) |
(3.49) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
105.081 |
94.266 |
37.968 |
|
Net cash flows from (used in) operations |
(488.865) |
(306.549) |
(223.729) |
|
Net cash flows from (used in) operating activities |
(489.256) |
(308.431) |
(225.574) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
4.36 |
4.04 |
5.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
83.78 |
90.27 |
71.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
50.57 |
67.51 |
71.74 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(1.89) |
(1.59) |
(1.31) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(0.92) |
(0.62) |
(0.53) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.94 |
0.95 |
1.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.10 |
3.36 |
11.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.71 |
3.67 |
11.67 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
3.04 |
3.11 |
9.92 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(9.41) |
(5.20) |
(4.50) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(23.33) |
(20.56) |
(18.05) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(53.71) |
(41.57) |
(35.65) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(370.31) |
(292.46) |
(777.84) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.82 |
0.83 |
0.79 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.42 |
0.50 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.15 |
0.14 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.23 |
0.31 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.82 |
0.83 |
0.79 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1060.800 |
1601.900 |
2252.300 |
|
Reserves & Surplus |
(1020.530) |
(1456.175) |
(2083.025) |
|
Net
worth |
40.270 |
145.725 |
169.275 |
|
|
|
|
|
|
Long-term borrowings |
367.313 |
343.689 |
367.573 |
|
Short term borrowings |
52.000 |
52.000 |
52.000 |
|
Current maturities of
long-term debts |
37.968 |
94.266 |
105.081 |
|
Total
borrowings |
457.281 |
489.955 |
524.654 |
|
Debt/Equity
ratio |
11.355 |
3.362 |
3.099 |
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
|
1735.348 |
2072.635 |
2686.422 |
|
|
0.000 |
19.436 |
29.614 |
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 |
1735.348 |
2072.635 |
2686.422 |
|
Profit/ (Loss) |
(313.235) |
(426.190) |
(626.850) |
|
|
(18.05
%) |
(20.56
%) |
(23.33
%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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 |
Yes |
|
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 |
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 |
REVIEW OF OPERATIONS
AND FUTURE OUTLOOK
Nature’s Basket continued on its growth path, much above industry standards. The sales turnover for NBL in FY 2015-16 was 2705.000 million, delivering a growth of 30% YOY and achieving an industry benchmark gross margin of 25.8%.
With a strategy of consolidating and leveraging right catchments that was started 2 years ago, stores at Lokhandwala and Churchgate in Mumbai were expanded to offer wider assortment and range of services to customers. 2 stores (one each in Delhi / NCR and Pune) were closed and 6 new stores were opened in Mumbai, Bengaluru and Delhi/NCR, taking the total store count to 37. Improved availability, aggressive introduction of new products and smart marketing initiatives ensured that growth for physical stores at 25% continued to be ahead of the industry. Online sales contributed approx. 4.5% of total sales for the year and grew over the previous year by a very robust 750%, clearly signifying the importance of the channel in the future. 15 e-hubs that were co-located with the physical stores helped achieving this benchmark. The brand also launched its updated website and mobile App during the year as well as made (ambient) products available to customers across 125 cities.
While the in-store consumer experience and brand imagery continued to be differentiated, our business wide programs drove growth in the contribution of gifting sales, private label brands as well as ready to go (fresh) foods as a percentage of total sales. Private Label sales more than doubled to nearly 9.7% of total sales while gifting was at 7.4% of sales and Fresh foods contributed nearly 2.5% of total sales. These programs delivered both sales growth as well as higher margins to the business. The loyalty program base continued to grow and was at about 7.5 lac customers by the end of FY 15-16 with nearly 79% of business being contributed by loyal customers.
Also the brand continued to win awards in forums like India Retail Forum, Food & grocery forum, Asia Retail Congress, Franchise India and
CMO Asia awards etc.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
SHORT-TERM
BORROWINGS |
|
|
|
Intercorporate deposits [The Inter Corporate Deposit from Related Party is repayable on demand carrying interest @ 10%.] |
52.000 |
52.000 |
|
Total |
52.000 |
52.000 |
INDEX OF CHARGE:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G71895155 |
100142813 |
KOTAK MAHINDRA BANK LIMITED |
14/12/2017 |
- |
- |
100000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E),MUMBAI-400051 MAHARASHTRA, INDIA |
|
2 |
C75467290 |
10612060 |
YES BANK LIMITED |
17/12/2015 |
- |
- |
100000000.0 |
NEHRU CENTER, 9TH FLOOR, DISCOVERY OF INDIA DR. A B ROAD ,WORLI MUMBAI 400018, MUMBAI – 400079, MAHARASHTRA, INDIA |
|
4 |
B95608717 |
10475869 |
Axis Bank Limited |
15/01/2014 |
- |
- |
20000000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLIS BRIDGE, AHMEDABAD – 380006, GUJARAT, INDIA |
|
5 |
B82058835 |
10442918 |
Axis Bank Limited |
31/07/2013 |
- |
- |
90000000.0 |
R. R. REALITY, L.B.S MARG, BHANDUP (WEST), MUMBAI – 400078, MAHARASHTRA, INDIA |
|
6 |
C07628548 |
10416786 |
Axis Bank Limited |
08/03/2013 |
- |
10/06/2014 |
40000000.0 |
R. R. REALITY, L.B.S MARG, BHANDUP (WEST), MUMBAI – 400078, MAHARASHTRA, INDIA |
|
7 |
C02409670 |
10411497 |
HDFC BANK LIMITED |
22/02/2013 |
- |
15/04/2014 |
50000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
C02408243 |
10326153 |
HDFC BANK LIMITED |
09/12/2011 |
- |
15/04/2014 |
100000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
C02333946 |
10338391 |
HDFC BANK LIMITED |
03/02/2012 |
- |
15/04/2014 |
47498000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
10 |
C02410843 |
10380019 |
HDFC BANK LIMITED |
10/10/2012 |
- |
15/04/2014 |
60000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL (WEST), MUMBAI – 400013, MAHARASHTRA, INDIA |
|
11 |
B34281410 |
10183362 |
The Saraswat Co-operative Bank Ltd |
15/10/2009 |
- |
02/03/2012 |
50000000.0 |
SME VIKHROLI BRANCH, PRABHAT BHAVAN, LBS MARG, VIKHROLI WEST, MUMBAI – 400079, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
843.000 |
0.000 |
|
Guarantees |
1140.000 |
118.000 |
FIXED ASSETS:
Tangible Assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer Equipments
- Leasehold improvements
Intangible assets
- Goodwill
- 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 64.87 |
|
UK Pound |
1 |
INR 90.48 |
|
Euro |
1 |
INR 79.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·