|
|
|
MIRA INFORM REPORT
|
Report No. : |
509453 |
|
Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BARISTA COFFEE COMPANY LIMITED |
|
|
|
|
Formerly Known
As : |
JAVA COFFEE COMPANY LIMITED |
|
|
|
|
Registered
Office : |
83-A , Central Avenue, Sainik Farms, South Delhi, New Delhi - 110062 |
|
Tel. No.: |
91-22-66916858 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
28.09.1999 |
|
|
|
|
Com. Reg. No.: |
55-101732 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 705.511 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15492DL1999PLC101732 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB5798A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is engaged in the business of Selling espresso based beverages and food items
and also It is one the fastest growing Retailers of Fine Coffee, Selling the
Coffee through its Outlets/Coffee Shops. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 85500 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
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Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Boutonniere Hospitality Private Limited”, India. It is a manufacturer of Food and Beverages. For the financial year 2017, the company has reported decline in its revenue as compared to previous year but has managed to maintain average profit margin of 3.78%. The moderate financial profile of the company is marked by negative reserve base. However, rating weakness is partially offset by subject’s debt free balance sheet profile. The rating takes into consideration strong financial and managerial support that the company receives from its holding entity backed by its well experienced management team. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 18.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-66916858]
[91-9818005280] Number does not belongs to the subject company
[91-120-4060900/ 4060905/ 11-65515160] Numbers not exist
LOCATIONS
|
Registered Office : |
83-A , Central Avenue, Sainik Farms, South Delhi, New Delhi – 110062, India |
|
Tel. No.: |
91-11-29552045/ 47/ 48 |
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Fax No.: |
91-11-26567046 |
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E-Mail : |
|
|
Website : |
|
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|
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|
Store : |
Located at: · Mumbai |
|
Tel. No.: |
91-22-66916858 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mrs. Aarti Jain |
|||||||||||||||||||||||||||||||
|
Designation : |
Director |
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Address : |
B 8/13, Vasant Vihar, New Delhi-110057, India |
|||||||||||||||||||||||||||||||
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Date of Birth/Age : |
30.08.1972 |
|||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.2014 |
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DIN No.: |
00143244 |
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Name : |
Mr. Saurabh Khanijo |
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Designation : |
Director |
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|
Address : |
B-6, Geetanjali Enclave, New Delhi-110017, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.12.1971 |
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Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.08.2014 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00956046 |
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|||||||||||||||||||||||||||||||
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Name : |
Mr. Sanjiv Bhasin |
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|
Designation : |
Director |
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|
Address : |
House Number 3171, Sector 21D, Chandigarh-160022, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.08.1957 |
|||||||||||||||||||||||||||||||
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Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.2014 |
|||||||||||||||||||||||||||||||
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DIN No.: |
01119788 |
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|
|||||||||||||||||||||||||||||||
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Name : |
Mr. Sanjay Chhabra |
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Designation : |
Whole-time Director |
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|
Address : |
S - 183, Panchshila Park, New Delhi-110017, India |
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Date of Birth/Age : |
18.07.1960 |
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Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.2014 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
01237026 |
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|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Brajindar Mohan Singh |
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|
Designation : |
Director |
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|
Address : |
House No.265, Near I.T.I Majithia Enclave, Nabha Road, Patiala-147001, Punjab, India |
|||||||||||||||||||||||||||||||
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Date of Birth/Age : |
26.10.1947 |
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Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2015 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
02143830 |
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|
||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Narender Kumar |
|
Designation : |
Company Secretary |
|
Address : |
House No.3, Sector-35 Ashoka Enclave, Main Faridabad-121003, India |
|
Date of Birth/Age : |
27.02.1990 |
|
Date of Appointment : |
12.09.2015 |
|
PAN No.: |
BLCPK7983E |
|
|
|
|
Name : |
Mr. Manish Makhija |
|
Designation : |
Chief Finance Officer |
|
Address : |
B-102, Ground Floor Shivalik, Malviya Nagar, New Delhi-110017, India |
|
Date of Birth/Age : |
15.05.1968 |
|
Date of Appointment : |
05.02.2015 |
|
PAN No.: |
AANPM6266H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Boutonniere Hospitality Private Limited [Formerly known as Carnation
Hospitality Private Limited] |
|
70533716 |
|
Ashish Pandit |
|
1 |
|
Amit Kumar Gulati |
|
10000 |
|
Payal Vaswani |
|
5439 |
|
Jayant Kochar |
|
1000 |
|
Monika Khanna Gulati |
|
877 |
|
Rohini Batra |
|
100 |
|
|
|
|
|
Total |
|
70551133 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
99.98 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
0.03 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the business of Selling espresso based beverages and food items
and also It is one the fastest growing Retailers of Fine Coffee, Selling the
Coffee through its Outlets/Coffee Shops. [Registered Activity] |
||||
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||||
|
Products : |
|
||||
|
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|
||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
|
||||
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Selling : |
Not Divulged |
||||
|
|
|
||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||
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Customers : |
|
||||||||||||||
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||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||
|
|
|
||||||||||||||
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Bankers : |
Not Divulged |
|
|
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company LLP Chartered Accountants |
|
Address : |
L-41, Connaught, Circus, New Delhi, India |
|
PAN No.: |
AAAFW4298E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company |
Boutonniere Hospitality Private Limited
[U55101HR2009PTC057252] |
|
|
|
|
Ultimate Holding
company |
Rollatainers Limited [L21014HR1968PLC004844] |
|
|
|
|
Subsidiary company |
Barista Coffee (Mauritius) Limited |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
· Dolomite Restaurants Private Limited [U55204DL2014PTC263155] · Ninth Dimension Hotel and Resorts Private Limited |
CAPITAL STRUCTURE
AFTER: 29.09.2017
Authorised Capital : INR 785.000 Million
Issued, Subscribed & Paid-up Capital : INR 755.511
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
71000000 |
Equity Shares |
INR 10/- each |
INR 710.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70551133 |
Equity Shares |
INR 10/- each |
INR 705.511
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
705.511 |
705.511 |
621.811 |
|
(b) Reserves & Surplus |
(675.572) |
(695.955) |
(549.288) |
|
(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) |
29.939 |
9.556 |
72.523 |
|
|
|
|
|
|
(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 |
117.037 |
99.977 |
58.545 |
|
(d)
long-term provisions |
7.521 |
5.845 |
3.705 |
|
Total
Non-current Liabilities (3) |
124.558 |
105.822 |
62.250 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
46.380 |
44.688 |
24.952 |
|
(c)
Other current liabilities |
71.496 |
73.516 |
82.470 |
|
(d)
Short-term provisions |
66.895 |
89.831 |
74.867 |
|
Total
Current Liabilities (4) |
184.771 |
208.035 |
182.289 |
|
|
|
|
|
|
TOTAL |
339.268 |
323.413 |
317.062 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
88.649 |
74.476 |
62.010 |
|
(ii)
Intangible Assets |
3.219 |
4.835 |
5.508 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.714 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
31.524 |
1.798 |
1.798 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
107.222 |
124.137 |
128.439 |
|
(e)
Other Non-current assets |
1.591 |
1.637 |
0.581 |
|
Total
Non-Current Assets |
232.205 |
206.883 |
199.050 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
32.561 |
34.371 |
31.269 |
|
(c)
Trade receivables |
31.114 |
28.945 |
30.014 |
|
(d)
Cash and cash equivalents |
11.999 |
17.332 |
20.200 |
|
(e)
Short-term loans and advances |
31.144 |
35.310 |
35.858 |
|
(f)
Other current assets |
0.245 |
0.572 |
0.671 |
|
Total
Current Assets |
107.063 |
116.530 |
118.012 |
|
|
|
|
|
|
TOTAL |
339.268 |
323.413 |
317.062 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
538.866 |
556.353 |
589.538 |
|
|
|
Other Income |
95.617 |
20.254 |
42.331 |
|
|
|
TOTAL |
634.483 |
576.607 |
631.869 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
79.696 |
108.780 |
119.976 |
|
|
|
Purchases of Stock-in-Trade |
78.669 |
75.646 |
76.059 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(0.118) |
(4.880) |
4.693 |
|
|
|
Employees benefits expense |
125.542 |
141.155 |
136.560 |
|
|
|
Prior period items |
0.000 |
0.000 |
-3.746 |
|
|
|
Other expenses |
311.520 |
381.503 |
434.947 |
|
|
|
TOTAL |
595.309 |
702.204 |
768.489 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
39.174 |
(125.597) |
(136.620) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
39.174 |
(125.597) |
(136.620) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
18.791 |
21.070 |
19.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
20.383 |
(146.667) |
(156.481) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
20.383 |
(146.667) |
(156.481) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods on FOB Basis |
0.959 |
1.456 |
0.000 |
|
|
|
Franchisee Fees |
1.368 |
1.878 |
0.000 |
|
|
TOTAL EARNINGS |
2.327 |
3.334 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
0.29 |
(2.08) |
(2.22) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(6.116) |
(53.717) |
(142.010) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(6.116) |
(53.717) |
(142.010) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
21.08 |
18.99 |
18.58 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
17.32 |
19.22 |
19.64 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
106.90 |
88.44 |
46.46 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.20 |
(3.65) |
(4.37) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.43 |
(1.58) |
(2.00) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.54 |
0.64 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
6.17 |
21.77 |
2.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
3.07 |
8.30 |
0.94 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00
|
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.78 |
(26.36) |
(26.54) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.01 |
(45.35) |
(49.35) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
68.08 |
(1534.82) |
(215.77) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.58 |
0.56 |
0.65 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.40 |
0.39 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.09 |
0.03 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.58 |
0.56 |
0.65 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
621.811 |
705.511 |
705.511 |
|
Reserves & Surplus |
(549.288) |
(695.955) |
(675.572) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
72.523 |
9.556 |
29.939 |
|
|
|
|
|
|
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
589.538 |
556.353 |
538.866 |
|
|
|
-5.629 |
-3.143 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
589.538 |
556.353 |
538.866 |
|
Profit/(Loss) |
(156.481) |
(146.667) |
20.383 |
|
|
(26.54%) |
(26.36%) |
3.78% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C07218563 |
80027262 |
KOTAK MAHINDRA BANK LIMITED |
23/06/2005 |
17/04/2007 |
29/05/2014 |
10000000.0 |
185, ANNA SALAI, CHENNAICHENNAITN600006IN |
|
2 |
A43302355 |
90058549 |
KOTAK MAHINDRA BANK LIMITED |
01/06/2004 |
04/02/2005 |
25/07/2008 |
400000000.0 |
185; ANNA SALAI;CHENNAITN600006IN |
BACKGROUND
Barista Coffee Company Limited (the ‘Company’) was incorporated in India on 28 September 1999.
The Company is a subsidiary of Boutonniere Hospitality Private Limited (Formerly Known as Carnation Hospitality Private Limited) and is primarily engaged in sale of espresso based beverages and food items from chain of espresso bars located throughout the country and overseas franchisees located in Nepal, Bangladesh, Myanmar, Sri-Lanka.
GENERAL INFORMATION
Barista Coffee Company Limited (the ‘Company’) was incorporated in India on 28 September 1999. The Company is a subsidiary of Boutonniere Hospitality Private Limited (Formerly Known as Carnation Hospitality Private Limited) and is primarily engaged in sale of espresso based beverages and food items from chain of espresso bars located throughout the country and overseas franchisees located in Nepal, Bangladesh, Myanmar, Sri-Lanka.
STATE OF COMPANY’S AFFAIR
During the year the Company was able to generate a total revenue of INR 634.483 million (including other income) as compared to the revenue of 576.608 million including other income) generated in the immediately preceding financial year.
Furthermore the Company has incurred the Net Profit of INR 20.383 million after providing depreciation and tax in the year as compared to the Net Loss of INR 146.667 million in the immediately preceding financial year.
BRIEF OF BUSINESS
The Company is a Subsidiary Company of Boutonniere Hospitality Private Limited (Formerly Known as Carnation Hospitality Private Limited) and is engaged in the business of selling espresso based beverages and food items from chain of espresso bars located throughout the country and overseas franchisees located in Nepal, Bangladesh, Myanmar. It is one the fastest growing retailers of fine coffee, selling the coffee through its outlets/coffee shops.
FIXED ASSETS:
·
Plant and equipment
·
Office equipment
·
Furniture and fixtures
·
Computer equipment’s
·
Leasehold improvements
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 67.72 |
|
UK Pound |
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RUP |
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.