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|
MIRA INFORM REPORT
|
Report No. : |
509311 |
|
Report Date : |
18.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BRITANNIA INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
5/ 1A, Hungerford Street, Kolkata – 700 017, West Bengal |
|
Tel. No.: |
91-33-22872439/ 2057 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2018 |
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Date of
Incorporation : |
21.03.1918 |
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Com. Reg. No.: |
21-002964 |
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Capital
Investment / Paid-up Capital : |
INR 240.100 Million |
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CIN No.: [Company Identification
No.] |
L15412WB1918PLC002964 |
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|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
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TIN No: |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration 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.] |
AABCB2066P |
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
(Registered Activity) |
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|
No. of Employees
(As on 31.03.2017) : |
3206 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 92437000 |
|
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|
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Britannia Industries Limited was incorporated in the year 1918. The
company manufactures brands like Good Day, Tiger, NutriChoice, Milk Bikis and
Marie Gold which are household names in India. Britannia’s product portfolio
includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese,
Beverages, Milk and Yoghurt. Britannia dairy products directly reach 100,000 outlets. The bread
business operates with 13 factories and 4 franchisees selling close to 1
million loaves daily across more than 100 cities and towns of India. As per the financial records of 2018, the company has earned 8.01%
growth in its revenue as compared to the previous year along with favourable
profitability margin of 10.11%. The strong financial position of the company is backed by robust net
worth base along with negligible debt balance sheet profile and satisfactory
liquidity position. Rating takes into consideration the company’s decent Earnings Per
Share (EPS) of INR 78.96 as against its Face Value (FV) of INR 2. The company has its share price trading at around INR 5479.85 on BSE
as on May 12, 2018 as against the Face Value (FV) of INR 2. Business is active. Payments are reported to be regular. In view of healthy financial position and strong brand name, the
company can be considered good for business dealings at usual trade terms and
condition. |
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 |
CRISIL |
|
Rating |
Long term Loans (AAA) |
|
Rating Explanation |
Highest degree of safety and carry lowest credit risk. |
|
Date |
18.04.2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Loans (A1+) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
18.04.2018 |
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 DENIED
Tel. No. 91-8030787196 (Not Working)
Tel. No. 91-33-22872051 (Management non Cooperative)
LOCATIONS
|
Registered Office : |
5/ 1A, Hungerford Street, Kolkata – 700 017, West Bengal, India |
|
Tel. No.: |
91-33-22872439/ 2057 |
|
Fax No.: |
91-33-22872501 |
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E-Mail : |
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|
Website : |
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Executive Office
: |
Prestige Shantiniketan, Tower C, The Business Precinct, 16th & 17th Floor, Whitefield Main Road, Mahadevapura Post, Bangalore - 560 048, Karnataka, India |
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Tel. No.: |
91-80-39400080 |
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Fax No.: |
91-80-2526 3265 / 2526 6063 |
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E-Mail : |
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Research and Development : |
Plot # 23, Bidadi Industrial Area, Bidadi, Ramanagara District Bangalore 562109, Karnataka, India |
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Tel. No.: |
91-80 - 30788300 |
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Factory 1 : |
15, Taratola Road, Kolkata – 700 088, West Bengal, India |
|
Tel. No.: |
91-33 - 3043 7041 / 3043 7069 |
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Factory 2 : |
33, Lawrence Road, Britannia Chownk, New Delhi - 110 035, India |
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Tel. No.: |
91-11 - 3068 8000 |
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Factory 3 : |
Reay Road (East), Mazagaon, Mumbai – 400 010, Maharashtra, India |
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Factory 4 : |
Plot No. 1, Sector 1, Integrated Industrial Estate (IIE), Pant Nagar, Tehsil/Taluka Rudrapur Kichha, District Udham Singh Nagar-263153, Uttarakhand, India |
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Tel. No.: |
91-5944-304814/15/816 |
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Fax No.: |
91-5944-304810 |
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Factory 5 : |
One Indiabulls Park, #14, Tower B, 5th Floor, 3rd Main Road, Ambattur Industrial Estate, Ambattur, Chennai - 600 058, Tamilnadu, India |
|
Tel. No.: |
91-44-3021 6000 |
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Factory 6 : |
Plot No. F-21, Industrial Estate, Khurda - 652 056, Odisha, India |
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Tel. No.: |
91-674-3027344 |
DIRECTORS
As on 2018
|
Name : |
Mr. Varun Berry |
|
Designation : |
Managing Director |
|
Address : |
D-901, Ambience Valley, Nh-8, Gugugram-122001, Haryana, India |
|
Date of Appointment : |
11.11.2013 |
|
DIN No: |
05208062 |
|
|
|
|
Name : |
Keki Manchersha Elavia |
|
Designation : |
Additional Director |
|
Address : |
2A, Anand Bhavan, 36th Road, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Date of Appointment : |
07.08.2017 |
|
DIN No: |
00003940 |
|
|
|
|
Name : |
Mr. Nimesh Nagindas Kampani |
|
Designation : |
Director |
|
Address : |
123, Maker Tower 'B', Cuffe Parade, Mumbai-400005, Maharashtra, India |
|
Date of Appointment : |
29.03.2001 |
|
DIN No: |
00009071 |
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|
|
|
Name : |
Nusli Neville Wadia |
|
Designation : |
Director |
|
Address : |
Beach House P. Balu Marg, Prabhadevi, Mumbai-400025, Maharashtra,
India |
|
Date of Appointment : |
05.09.1993 |
|
DIN No: |
00015731 |
|
|
|
|
Name : |
Mr. Sukant Sadashiv Kelkar |
|
Designation : |
Director |
|
Address : |
No. 1, Sindhula, N. Gamadia Road, Mumbai-400026, Maharashtra, India |
|
Date of Appointment : |
12.08.1998 |
|
DIN No: |
00015883 |
|
|
|
|
Name : |
Ness Nusli Wadia |
|
Designation : |
Director/ Chairman |
|
Address : |
Beach House, P. Balu Marg, Prabhadevi, Mumbai 400025, Maharashtra,
India |
|
Date of Appointment : |
29.04.2010 |
|
DIN No: |
00036049 |
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|
|
|
Name : |
Mr. Anilkumar Jewraj Hirjee |
|
Designation : |
Director |
|
Address : |
Flat No.9, Battery House, 74-A, Bhulabhai Desia Road, Mumbai-400026,
Maharashtra, India |
|
Date of Appointment : |
05.09.1993 |
|
DIN No: |
00044765 |
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|
|
|
Name : |
Mr. Avijit Deb |
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Designation : |
Director |
|
Address : |
1, Rajendra Deb Road, Po – Burabazar, Kolkata-700007, Maharashtra,
India |
|
Date of Appointment : |
04.06.1996 |
|
DIN No: |
00047233 |
|
|
|
|
Name : |
Keki Bomi Dadiseth |
|
Designation : |
Director |
|
Address : |
8A, Maneck, L. D. Ruparel Marg, Off Nepeansea Marg, Mumbai-400006,
Maharashtra, India |
|
Date of Appointment : |
31.05.2006 |
|
DIN No: |
00052165 |
|
|
|
|
Name : |
Mr. Jehangir Nusli Wadia |
|
Designation : |
Director |
|
Address : |
Beach House, P. Balu Marg, Prabhadevi, Mumbai-400025, Maharashtra,
India |
|
Date of Appointment : |
14.09.2005 |
|
DIN No: |
00088831 |
|
|
|
|
Name : |
Mr. Ajay Narottam Shah |
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Designation : |
Director |
|
Address : |
2/38-C, Patrakar Co-Operative Housing Limited, Gandhi Nagar, Road
No.4, Bandra (East), Mumbai-400051, Maharashtra, India |
|
Date of Appointment : |
13.02.2017 |
|
DIN No: |
01141239 |
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|
Name : |
Mr. Ajai Puri |
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Designation : |
Director |
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Address : |
Surinamestraat, 41, 2585GH DEN HAAG 0 Netherland |
|
Date of Appointment : |
30.04.2009 |
|
DIN No: |
02631587 |
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|
Name : |
Mr. Yashwant Shankarrao Thorat |
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Designation : |
Director |
|
Address : |
Indu Niketan, General Thorat Road, Tarabai Park, Kolhapur-416003,
Maharashtra, India |
|
Date of Appointment : |
13.02.2017 |
|
DIN No: |
02652734 |
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|
|
|
Name : |
Ranjana Kumar |
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Designation : |
Director |
|
Address : |
Plot No. 81, Whisper Valley H. S. Dargah, Toli Chowki,
Hyderabad-500008, Telangana, India |
|
Date of Appointment : |
08.07.2014 |
|
DIN No: |
02930881 |
KEY EXECUTIVES
|
Name : |
Mr. Venkataraman Natarajan |
|
Designation : |
Chief Finance Officer |
|
Address : |
101, Elegant Sunny Regency Apartment, Chennakesava Layout, Off Hennur
Main Road, Bangalore-560084, Karnataka, India |
|
Date of Appointment : |
01.12.2016 |
|
DIN No: |
AAFPV8164K |
|
|
|
|
Name : |
Mr. Rajesh Arora |
|
Designation : |
Company Secretary (Up to 30.06.2017) |
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|
Management Team |
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|
Name : |
Mr. N Venkataraman |
|
Designation : |
Chief Financial Officer (from 01 December, 2016) |
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|
Name : |
Mr. Amlan Datta Majumdar |
|
Designation : |
Chief Financial Officer (from 30 November, 2016) |
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|
Name : |
Mr. Vinay Singh Kushwaha |
|
Designation : |
Vice President- Supply Chain |
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|
Name : |
Mr. Manjunath Desai |
|
Designation : |
Vice President- Strategy and Business-Development |
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|
Name : |
Mr. Sudhir Nema |
|
Designation : |
Vice President-R and D and Quality |
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|
Name : |
Mr. Gunjan Shah |
|
Designation : |
Vice President-Sales and Bread Business |
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|
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|
Name : |
Mr. Ali Harris Shere |
|
Designation : |
Vice President-Marketing |
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|
Name : |
Mr. Ritesh Rana |
|
Designation : |
Vice President-Human Resource |
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|
Name : |
Mr. Anindya Dutta |
|
Designation : |
Vice President-International Business |
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|
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|
Name : |
Mr. Manoj Balgi |
|
Designation : |
Head-Procurement |
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|
|
|
Name : |
Mr. Sarad Garodia |
|
Designation : |
Head-Dairy Business |
MAJOR SHAREHOLDERS
As on MARCH 2018
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of
shares (calculated as per SCRR, 1957)As a % of |
|
|
(A) Promoter & Promoter Group |
60872896 |
50.70 |
|
|
(B) Public |
59186252 |
49.30 |
|
|
Grand Total |
120059148 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu undivided
Family |
4551 |
0.00 |
|
|
Ness N Wadia |
4551 |
0.00 |
|
|
Sub Total A1 |
4551 |
0.00 |
|
|
A2) Foreign |
0.00 |
||
|
Individuals (NonResident
Individuals/ Foreign Individuals) |
2250 |
0.00 |
|
|
Nusli N Wadia |
2250 |
0.00 |
|
|
Any Other (specify) |
60866095 |
50.70 |
|
|
Associated Biscuits
International Limited |
53904500 |
44.90 |
|
|
Dowbiggin Enterprises Pte.
Limited |
1392510 |
1.16 |
|
|
Nacupa Enterprises Pte. Limited |
1392510 |
1.16 |
|
|
Spargo Enterprises Pte. Limited |
1392510 |
1.16 |
|
|
Valletort Enterprises Pte.
Limited |
1392510 |
1.16 |
|
|
Bannatyne Enterprises Pte.
Limited |
1391555 |
1.16 |
|
|
Sub Total A2 |
60868345 |
50.70 |
|
|
A=A1+A2 |
60872896 |
50.70 |
Statement showing shareholding pattern
of the Public shareholder
|
Category & Name of the Shareholders |
No. of fully paid up equity shares held |
Shareholding % calculated as per SCRR, 1957 As a
% of (A+B+C2) |
|
|
B1) Institutions |
0 |
0.00 |
|
|
Mutual Funds/ |
7171461 |
5.97 |
|
|
ICICI PRUDENTIAL VALUE FUND |
1454377 |
1.21 |
|
|
Alternate Investment Funds |
310133 |
0.26 |
|
|
Foreign Portfolio Investors |
20472505 |
17.05 |
|
|
ARISAIG INDIA FUND LIMITED |
2109269 |
1.76 |
|
|
Financial Institutions/ Banks |
273195 |
0.23 |
|
|
Insurance Companies |
7382937 |
6.15 |
|
|
GENERAL INSURANCE CORPORATION
OF INDIA |
1226125 |
1.02 |
|
|
LIFE INSURANCE CORPORATION OF
INDIA |
5593765 |
4.66 |
|
|
Any Other (specify) |
21538 |
0.02 |
|
|
Sub Total B1 |
35631769 |
29.68 |
|
|
B2) Central Government/ State
Government(s)/ President of India |
0 |
0.00 |
|
|
B3) Non-Institutions |
0 |
0.00 |
|
|
Individual share capital upto
INR 0.200 million |
16196256 |
13.49 |
|
|
Individual share capital in
excess of INR 0.200 million |
1884989 |
1.57 |
|
|
NBFCs registered with RBI |
219857 |
0.18 |
|
|
Any Other (specify) |
5253381 |
4.38 |
|
|
Trusts |
585106 |
0.49 |
|
|
Non-Resident Indian (NRI) |
1459279 |
1.22 |
|
|
Clearing Members |
214926 |
0.18 |
|
|
Bodies Corporate |
2834044 |
2.36 |
|
|
IEPF |
160026 |
0.13 |
|
|
Sub Total B3 |
23554483 |
19.62 |
|
|
B=B1+B2+B3 |
59186252 |
49.30 |
BUSINESS DETAILS
|
Line of Business
: |
(Registered Activity) |
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Products / Services
: |
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Brand Names : |
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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
|
Suppliers : |
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Customers : |
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No. of Employees
(As on 31.03.2017) : |
3206 (Approximately) |
||||||||||||||
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Bankers (As on 31.03.2017): |
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Facilities : |
|
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Auditors : |
|
|
Name : |
BSR and Company LLP Chartered Accountants |
|
Address : |
Maruthi Into-Tech Centre, 11-12/1, B-Block, 2nd Floor, Inner
Ring Road, Koramngala, Bangalore – 560071, Karnataka, India |
|
Tel. No.: |
91-80-71347000 |
|
Fax No.: |
91-80-71347999 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Ultimate holding
Company (As on 31.03.2017) : |
The Bombay Burmah Trading Corporation Limited |
|
|
|
|
Holding Company (As
on 31.03.2017) |
Associated Biscuits International Limited (ABIL), UK |
|
|
|
|
Subsidiary
companies (As on 31.03.2017) |
|
|
|
|
|
Fellow subsidiary
companies (As on 31.03.2017) |
|
|
|
|
|
Associates (As on 31.03.2017) |
|
|
|
|
|
Other related party
(As on 31.03.2017) |
Bombay Dyeing & Manufacturing Co. Limited (w.e.f. 20 March 2017) |
|
|
|
|
Post-employment-benefit
plan entities (As on 31.03.2017) |
|
CAPITAL STRUCTURE
AS ON: 31.03.2018
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital: INR 240.100
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000000 |
Equity Shares |
INR 2/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000815 |
Equity Shares |
INR 2/- each |
INR 240.000 Million |
|
|
|
|
|
Shares in respect of
equity in the Company held by its holding or ultimate holding Company,
including shares held by subsidiaries or associates of the holding Company or the
ultimate holding Company in aggregate:
|
Particulars |
31.03.2017 |
|
|
Number |
INR In Million |
|
|
Holding Company |
|
|
|
Associated Biscuits International Limited (ABIL), UK |
53904500 |
107.800 |
|
Subsidiaries of
holding Company |
|
|
|
Bannatyne Enterprises Pte Limited, Singapore |
1391555 |
2.800 |
|
Dowbiggin Enterprises Pte Limited, Singapore |
1391555 |
2.800 |
|
Nacupa Enterprises Pte Limited, Singapore |
1391555 |
2.800 |
|
Spargo Enterprises Pte Limited, Singapore |
1391555 |
2.800 |
|
Valletort Enterprises Pte Limited, Singapore |
1391555 |
2.800 |
Reconciliation of
the number of equity shares outstanding at the beginning and at the end of the
reporting year:
|
Particulars |
31.03.2017 |
|
|
Number |
INR In Million |
|
|
Opening balance at the beginning of the reporting year |
119975815 |
240.000 |
|
Shares issued on exercise of Employee Stock Option Scheme |
25000 |
0.000 |
|
Closing balance at the end of the reporting year |
120000815 |
240.000 |
Details of shareholders
holding more than 5% of the shares in the Company
|
Particulars |
31.03.2017 |
|
|
Number |
% of holding |
|
|
Equity shares of INR 2/- each |
|
|
|
Associated Biscuits International Limited (ABIL), UK |
53904500 |
44.92% |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
240.100 |
240.000 |
240.000 |
|
(b) Reserves & Surplus |
32112.700 |
25579.800 |
19920.300 |
|
(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) |
32352.800 |
25819.800 |
20160.300 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.000 |
4.400 |
4.900 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
256.900 |
243.000 |
232.400 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
259.900 |
247.400 |
237.300 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
90.100 |
0.000 |
0.000 |
|
(b) Trade
payables |
8663.600 |
6438.200 |
6447.200 |
|
(c) Other
current liabilities |
1710.500 |
1744.800 |
2491.700 |
|
(d) Short-term
provisions |
3196.100 |
2711.200 |
1663.200 |
|
Total Current
Liabilities (4) |
13660.300 |
10894.200 |
10602.100 |
|
|
|
|
|
|
TOTAL |
46273.000 |
36961.400 |
30999.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10083.100 |
8124.700 |
6284.700 |
|
(ii)
Intangible Assets |
79.700 |
116.000 |
133.200 |
|
(iii)
Capital work-in-progress |
2002.800 |
297.700 |
745.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4656.400 |
5294.300 |
5643.700 |
|
(c) Deferred tax assets (net) |
86.800 |
64.300 |
237.000 |
|
(d) Long-term Loan and Advances |
867.400 |
1165.200 |
2580.100 |
|
(e) Other
Non-current assets |
821.600 |
1684.600 |
1053.700 |
|
Total Non-Current
Assets |
18597.800 |
16746.800 |
16677.400 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
7354.800 |
857.300 |
3569.600 |
|
(b)
Inventories |
5945.800 |
6026.100 |
3842.000 |
|
(c) Trade
receivables |
2303.200 |
1264.100 |
1068.800 |
|
(d) Cash
and cash equivalents |
972.500 |
535.500 |
258.100 |
|
(e)
Short-term loans and advances |
8204.100 |
7919.400 |
4261.200 |
|
(f) Other
current assets |
2894.800 |
3612.200 |
1322.600 |
|
Total
Current Assets |
27675.200 |
20214.600 |
14322.300 |
|
|
|
|
|
|
TOTAL |
46273.000 |
36961.400 |
30999.700 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
93801.700 |
86843.900 |
79606.200 |
|
|
Other Income |
1559.300 |
1447.800 |
1198.300 |
|
|
TOTAL |
95361.000 |
88291.700 |
80804.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
44051.700 |
43427.800 |
38120.600 |
|
|
Purchases of
Stock-in-Trade |
13724.600 |
9047.800 |
8330.100 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(41.800) |
(492.500) |
(71.200) |
|
|
Employees benefits
expense |
2948.700 |
2416.800 |
2162.400 |
|
|
Excise Duty |
761.100 |
2700.200 |
2289.200 |
|
|
Other expenses |
18252.600 |
17702.300 |
17591.700 |
|
|
TOTAL |
79696.900 |
74802.400 |
68422.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
15664.100 |
13489.300 |
12381.700 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
14.500 |
13.400 |
12.500 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
15649.600 |
13475.900 |
12369.200 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1197.600 |
964.300 |
877.900 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
14452.000 |
12511.600 |
11491.300 |
|
|
|
|
|
|
|
Less |
TAX |
4973.100 |
4074.700 |
3858.200 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
9478.900 |
8436.900 |
7633.100 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
78.96 |
70.31 |
63.63 |
|
|
Diluted |
78.92 |
70.30 |
63.61 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
NA |
1.800 |
1.900 |
|
Cash generated from operations |
NA |
7874.300 |
12696.000 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
NA |
4019.400 |
8780.300 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
8.96 |
5.31 |
4.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
40.73 |
68.70 |
74.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
54.73 |
44.78 |
50.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.63 |
2.24 |
3.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.29 |
1.58 |
1.73 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.30 |
0.29 |
0.34 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.42 |
0.42 |
0.53 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.38 |
0.33 |
0.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1080.28 |
1006.66 |
990.54 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.11 |
9.72 |
9.59 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
20.48 |
22.83 |
24.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
29.30 |
32.68 |
37.86 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.03 |
1.86 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.59 |
1.30 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.70 |
0.70 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.39 |
0.02 |
0.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.03 |
1.86 |
1.35 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 2/- |
|
Market Value |
INR 5479.85/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
240.000 |
240.000 |
240.100 |
|
Reserves & Surplus |
19920.300 |
25579.800 |
32112.700 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
20160.300 |
25819.800 |
32352.800 |
|
|
|
|
|
|
long-term borrowings |
4.900 |
4.400 |
3.000 |
|
Short term borrowings |
0.000 |
0.000 |
90.100 |
|
Total
borrowings |
4.900 |
4.400 |
93.100 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.003 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
79606.200 |
86843.900 |
93801.700 |
|
|
|
9.092 |
8.012 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
79606.200 |
86843.900 |
93801.700 |
|
Profit (Loss) |
7633.100 |
8436.900 |
9478.900 |
|
|
9.59% |
9.72% |
10.11% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2018 |
31.03.2017 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
240.100 |
240.000 |
|
(b) Reserves &
Surplus |
|
33822.200 |
26724.200 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(d) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
(2) Minority Interest |
|
131.400 |
26.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
34193.700 |
26990.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
845.700 |
314.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
271.400 |
253.600 |
|
(d) long-term provisions |
|
88.700 |
76.200 |
|
Total Non-current
Liabilities (3) |
|
1205.800 |
643.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
936.500 |
843.100 |
|
(b) Trade payables |
|
9940.900 |
7573.100 |
|
(c) Other current
liabilities |
|
3812.600 |
3213.200 |
|
(d) Short-term provisions |
|
1789.700 |
1824.600 |
|
Total Current Liabilities
(4) |
|
16479.700 |
13454.000 |
|
|
|
|
|
|
TOTAL |
|
51879.200 |
41088.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
11944.400 |
10052.900 |
|
(ii) Intangible Assets |
|
79.700 |
116.100 |
|
(iii) Capital
work-in-progress |
|
2028.200 |
300.700 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(v) Goodwill
Consolidation |
|
1282.000 |
1278.400 |
|
(b) Non-current
Investments |
|
2374.700 |
3272.500 |
|
(c) Deferred tax assets
(net) |
|
225.700 |
231.100 |
|
(d) Long-term Loan and
Advances |
|
1342.400 |
459.200 |
|
(e) Other Non-current
assets |
|
1089.300 |
1984.700 |
|
Total Non-Current Assets |
|
20366.400 |
17695.600 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
8568.000 |
1748.500 |
|
(b) Inventories |
|
6527.900 |
6614.500 |
|
(c) Trade receivables |
|
3046.000 |
1791.600 |
|
(d) Cash and cash
equivalents |
|
1864.200 |
1207.600 |
|
(e) Short-term loans and
advances |
|
8443.400 |
8291.000 |
|
(f) Other current assets |
|
3063.300 |
3739.200 |
|
Total Current Assets |
|
31512.800 |
23392.400 |
|
|
|
|
|
|
TOTAL |
|
51879.200 |
41088.000 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2018 |
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
99901.000 |
93241.100 |
|
|
Other Income |
|
1663.700 |
1505.400 |
|
|
TOTAL |
|
101564.700 |
94746.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
49060.800 |
48395.700 |
|
|
Purchases of
Stock-in-Trade |
|
11947.200 |
8033.100 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
63.000 |
(542.000) |
|
|
Excise Duty |
|
761.100 |
2700.200 |
|
|
Share on Profit / Loss |
|
1.800 |
(2.800) |
|
|
Employees benefits
expense |
|
4016.000 |
3526.100 |
|
|
Other expenses |
|
19036.400 |
18346.200 |
|
|
TOTAL |
|
84886.300 |
80456.500 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
16678.400 |
14290.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
75.900 |
54.500 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
16602.500 |
14235.500 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
1420.700 |
1192.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
15181.800 |
13042.800 |
|
|
|
|
|
|
|
Less |
TAX |
|
5142.200 |
4196.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
10039.600 |
8846.100 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
83.65 |
73.71 |
|
|
Diluted |
|
83.61 |
73.70 |
LEGALS
FILE
CASE
STATUS
|
|
||||||||||
|
Case
Type |
COMA |
|||||||||
|
Filing
No. |
1213/2013
Filing date: 29-09-2007 |
|||||||||
|
Registration
No. |
551/2013
Registration date: 29-09-2007 |
|||||||||
|
Case
code |
203900012132013 |
|||||||||
|
CASE
STATUS |
||||||||||
|
First
Hearing Date |
16-08-2011 |
|||||||||
|
Next
Hearing Date |
31-10-2014 |
|||||||||
|
Purpose
of Hearing |
Further
Order |
|||||||||
|
Court
No & Judge |
5 -
Chief Judicial Magistrate |
|||||||||
|
Petitioner(s)
& Advocate(s) |
||||||||||
|
Petitioner
- State of Punjab |
||||||||||
|
Respondent(s)
& Advocate(s) |
||||||||||
|
Respondent
- RAJAN |
||||||||||
|
ACTS |
||||||||||
|
Under
Act(s) |
--- |
|||||||||
|
Under
Section(s) |
--- |
|||||||||
|
Subject |
||||||||||
|
LOWER
COURT INFORMATION |
||||||||||
|
Court
No & Name |
--- |
|||||||||
|
Case
No & Year |
--- |
|||||||||
|
Case
Decision Date |
-- |
|||||||||
|
FIR
DETAILS |
||||||||||
|
Police
Station |
||||||||||
|
FIR
No. |
0 |
Year |
0 |
|||||||
|
History
Of Case Hearing |
||||||||||
|
Regn.
No. |
Judge |
Bussiness
on Date |
Hearing
Date |
Purpose
of Hearing |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
16-08-2011 |
Appereance |
|||||||
|
551/2013 |
Chief
Judicial Magistrate |
16-08-2011 |
05-10-2011 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
05-10-2011 |
22-11-2011 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
22-11-2011 |
07-05-2012 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
07-05-2012 |
09-07-2012 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
09-07-2012 |
21-08-2012 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
21-08-2012 |
05-10-2012 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
05-10-2012 |
30-11-2012 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
30-11-2012 |
20-12-2012 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
20-12-2012 |
28-01-2013 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
28-01-2013 |
18-03-2013 |
Appereance |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
18-03-2013 |
18-07-2013 |
Procecution
Evidence |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
18-07-2013 |
07-09-2013 |
Further
Order |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
07-09-2013 |
05-10-2013 |
Further
Order |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
05-10-2013 |
07-12-2013 |
Further
Order |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
07-12-2013 |
15-03-2014 |
Further
Order |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
15-03-2014 |
17-05-2014 |
Further
Order |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
17-05-2014 |
26-07-2014 |
Further
Order |
||||||
|
551/2013 |
Chief
Judicial Magistrate |
26-07-2014 |
31-10-2014 |
Further
Order |
||||||
|
Writ
Information |
|||
|
Regn.
No. |
Appellate
Case No. |
Appellate
Authority |
Date
of Receipt |
|
Case
Transfer Details Between The Courts |
|||
|
Regn.
No. |
Transfer
Date |
From
Court No |
To
Court No |
CASE
STATUS
|
|
|||
|
Case
Type |
COMA |
||
|
Filing
No. |
1016/2013
Filing date: 29-09-2007 |
||
|
Registration
No. |
515/2013
Registration date: 29-09-2007 |
||
|
Case
code |
203900010162013 |
||
|
CASE
STATUS |
|||
|
First
Hearing Date |
28-07-2011 |
||
|
Next
Hearing Date |
31-10-2014 |
||
|
Purpose
of Hearing |
Further
Order |
||
|
Court
No & Judge |
5 - Chief
Judicial Magistrate |
||
|
Petitioner(s)
& Advocate(s) |
|||
|
Petitioner
- State of Punjab |
|||
|
Respondent(s)
& Advocate(s) |
|||
|
Respondent
- RAJPAL |
|||
|
ACTS |
|||
|
Under
Act(s) |
--- |
||
|
Under
Section(s) |
--- |
||
|
Subject |
|||
|
LOWER
COURT INFORMATION |
|||
|
Court
No & Name |
--- |
||
|
Case
No & Year |
--- |
||
|
Case
Decision Date |
-- |
||
|
FIR
DETAILS |
|||||||
|
Police
Station |
|||||||
|
FIR
No. |
0 |
Year |
0 |
||||
|
History
Of Case Hearing |
|||||||
|
Regn.
No. |
Judge |
Bussiness
on Date |
Hearing
Date |
Purpose
of Hearing |
|||
|
515/2013 |
Chief
Judicial Magistrate |
28-07-2011 |
Appereance |
||||
|
515/2013 |
Chief
Judicial Magistrate |
28-07-2011 |
30-09-2011 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
30-09-2011 |
16-05-2012 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
16-05-2012 |
04-08-2012 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
04-08-2012 |
08-09-2012 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
08-09-2012 |
11-10-2012 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
11-10-2012 |
29-11-2012 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
29-11-2012 |
15-12-2012 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
15-12-2012 |
11-01-2013 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
11-01-2013 |
15-01-2013 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
15-01-2013 |
28-02-2013 |
Appereance |
|||
|
515/2013 |
Chief
Judicial Magistrate |
28-02-2013 |
30-07-2013 |
Further
Order |
|||
|
515/2013 |
Chief
Judicial Magistrate |
30-07-2013 |
13-09-2013 |
Further
Order |
|||
|
515/2013 |
Chief
Judicial Magistrate |
13-09-2013 |
05-12-2013 |
Further
Order |
|||
|
515/2013 |
Chief
Judicial Magistrate |
05-12-2013 |
04-01-2014 |
Further
Order |
|||
|
515/2013 |
Chief
Judicial Magistrate |
04-01-2014 |
15-03-2014 |
Further
Order |
|||
|
515/2013 |
Chief
Judicial Magistrate |
15-03-2014 |
17-05-2014 |
Further
Order |
|||
|
515/2013 |
Chief
Judicial Magistrate |
17-05-2014 |
26-07-2014 |
Further
Order |
|||
|
515/2013 |
Chief
Judicial Magistrate |
26-07-2014 |
31-10-2014 |
Further
Order |
|||
|
Orders |
|||||||
|
Order
No. |
Order
Date |
Order
Details |
|||||
|
1 |
2014-05-17 |
||||||
|
Writ
Information |
||||||
|
Regn.
No. |
Appellate
Case No. |
Appellate
Authority |
Date
of Receipt |
|||
|
Case
Transfer Details Between The Courts |
||||||
|
Regn.
No. |
Transfer
Date |
From
Court No |
To
Court No |
|||
CASE
STATUS
|
|
|||||||||||||
|
Case
Type |
Misc |
||||||||||||
|
Filing
No. |
184/2012
Filing date: -- |
||||||||||||
|
Registration
No. |
25183/2012
Registration date: 07-07-2012 |
||||||||||||
|
Case
code |
204900001842012 |
||||||||||||
|
CASE
STATUS |
|||||||||||||
|
First
Hearing Date |
31-01-2013 |
||||||||||||
|
Next
Hearing Date |
10-12-2014 |
||||||||||||
|
Purpose
of Hearing |
NOTICE |
||||||||||||
|
Court
No & Judge |
29 -
CCH 29-XXVIII ADDL. CITY CIVIL SESSIONS JUDGE |
||||||||||||
|
Petitioner(s)
& Advocate(s) |
|||||||||||||
|
Petitioner
- BRITANNIA INDUSTRIES LIMITED PENSIONERS WELFARE ASSOCIATION |
|||||||||||||
|
Respondent(s)
& Advocate(s) |
|||||||||||||
|
Respondent
- HIRJEE A.K. |
|||||||||||||
|
ACTS |
|||||||||||||
|
Under
Act(s) |
--- |
||||||||||||
|
Under
Section(s) |
--- |
||||||||||||
|
Subject |
|||||||||||||
|
LOWER COURT INFORMATION |
|||||||||||||
|
Court
No & Name |
--- |
||||||||||||
|
Case
No & Year |
--- |
||||||||||||
|
Case
Decision Date |
--- |
||||||||||||
|
History Of Case Hearing |
|||||||||||||
|
Regn.
No. |
Judge |
Bussiness
on Date |
Hearing
Date |
Purpose
of Hearing |
|||||||||
|
25183/2012 |
CCH 29-XXVIII
ADDL. CITY CIVIL SESSIONS JUDGE |
00-00-0000 |
NOTICE |
||||||||||
|
25183/2012 |
CCH 29-XXVIII
ADDL. CITY CIVIL SESSIONS JUDGE |
31-01-2013 |
NOTICE |
||||||||||
|
25183/2012 |
CCH 29-XXVIII
ADDL. CITY CIVIL SESSIONS JUDGE |
07-06-2013 |
NOTICE |
||||||||||
|
25183/2012 |
CCH 29-XXVIII
ADDL. CITY CIVIL SESSIONS JUDGE |
07-06-2013 |
30-10-2013 |
NOTICE |
|||||||||
|
25183/2012 |
CCH
29-XXVIII ADDL. CITY CIVIL SESSIONS JUDGE |
30-10-2013 |
20-01-2014 |
NOTICE |
|||||||||
|
25183/2012 |
CCH
29-XXVIII ADDL. CITY CIVIL SESSIONS JUDGE |
20-01-2014 |
30-04-2014 |
NOTICE |
|||||||||
|
25183/2012 |
CCH
29-XXVIII ADDL. CITY CIVIL SESSIONS JUDGE |
30-04-2014 |
21-07-2014 |
NOTICE |
|||||||||
|
25183/2012 |
CCH
29-XXVIII ADDL. CITY CIVIL SESSIONS JUDGE |
21-07-2014 |
25-10-2014 |
NOTICE |
|||||||||
|
25183/2012 |
CCH
29-XXVIII ADDL. CITY CIVIL SESSIONS JUDGE |
25-10-2014 |
10-12-2014 |
NOTICE |
|||||||||
|
Writ Information |
|||||||||||||
|
Regn.
No. |
Appellate
Case No. |
Appellate
Authority |
Date
of Receipt |
||||||||||
|
Case Transfer Details Between The
Courts |
|||||||||||||
|
Regn.
No. |
Transfer
Date |
From
Court No |
To
Court No |
||||||||||
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 |
No |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE
INFORMATION: (As on 31.03.2017)
The Company is a Company domiciled in India, with its registered office situated at 5/1A, Hungerford Street, Kolkata, West Bengal - 700017. The Company has been incorporated under the provisions of Indian Companies Act and its equity shares are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India. The Company is primarily involved in manufacturing and sale of various food products.
OVERVIEW OF COMPANY
PERFORMANCE (As on 31.03.2017)
The Company achieved a revenue growth of 8.9% and strengthened its market leadership in an environment which was impacted by sluggish category growths. While, they witnessed robust topline growth in the first half of the year, there was significant slowdown in the second half of the year post demonetization. Besides, growth in International Business also continued to be under pressure due to deteriorating geopolitical situation and currency fluctuations in geographies like Middle East, Africa and a general economic slowdown in certain key export markets. To minimize effects of this trend, the Company focused on:
(i) Strengthening distribution by enhancing direct reach which now stands in excess of 1.5 million outlets;
(ii) Driving the rural and weak state agenda and gaining market share while achieving double digit growth;
(iii) Building new capabilities and driving innovation which resulted in many new launches and re-launches in the form of Good Day Nuts Cookies, NutriChoice Oat Cookies, 50-50 Mathri Masti, Good Day Chocochips and so on which were well received by Consumers;
(iv) Finalising plans for expansion in export markets. The Company also encountered a very volatile commodity environment during the year and witnessed significant price rise in key commodities. While, the Company actioned requisite price increases, the primary focus was on accelerating its Cost Efficiency Program through scale in operations, technology interventions, wastage reduction in the value chain, optimized advertising spends and fixed costs leverage. This helped the Company achieve a profit growth of 10.5% and sustain its profitability while ensuring competitiveness in the market place.
The Company has been actively working on realising untapped opportunities in the bakery business as well as in the adjacent macro snacking space. To this end, the Company entered into a Joint Venture Agreement with Chipita S. A, a Greek Company, for manufacture and sale of ready-to-eat filled croissants which is a very large category in certain countries demographically similar to India. The Company shall continue to scout for many such profitable growth opportunities to ensure that it stays ahead of the market while transforming itself into a total Foods Company.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B73247413 |
10205729 |
CENTRAL BANK OF INDIA |
15/03/2010 |
29/12/2012 |
20/04/2013 |
4061327710.0 |
CENTRAL-MMO BUILDING, 6TH FLOOR,55, M G ROAD, FORTMUMBAIMH400023IN |
|
2 |
A70994488 |
80055029 |
ALLAHABAD BANK |
15/11/1990 |
- |
14/10/2009 |
115000000.0 |
K.G.ROADBANGALOREBANGALOREKA560054IN |
|
3 |
A70097845 |
80055004 |
STATE BANK OF INDIA |
28/02/1989 |
10/04/1997 |
29/09/2009 |
1125100000.0 |
COMMERCIAL BRANCHJUSTICE G.N.VAIDY MARGBOMBAYMH400023IN |
|
4 |
A68016799 |
80055079 |
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION |
07/05/1987 |
- |
21/08/2009 |
25000000.0 |
P.O BOX 10080BOMBAYMH400001IN |
CONTINGENT LIABILITIES: (As on
31.03.2017)
(a) Claims / demands
against the Company not acknowledged as debts including excise duty, income
tax, sales tax and trade and other demands of INR 600.800 million (31 March
2016: INR 1468.200 million, 1 April 2015: INR 444.900 million)
(b) Bank
guarantees and letters of credit for INR 437.500 million (31 March 2016: INR
251.200 million, 1 April 2015: INR 224.600 million)
(c) Discounted
cheques INR Nil (31 March 2016: INR Nil, 1 April 2015: INR 3.000 million)
Notes:
(i) Contingent
liabilities disclosed above represent possible obligations where possibility of
cash
outflow to
settle the obligations is not remote.
(ii) The above
does not include non-quantifiable industrial disputes and other legal disputes
pending before various judicial authorities
FIXED ASSETS
- Plant and equipment*
- Furniture and fixtures
- Motor vehicles
- Office equipment
- Buildings
- Leasehold land
- Moulders, cutters and spare parts *
WEBSITE:
PRESS RELSEASE:
Britannia Consolidated Revenue (comparable) grew 13%, Profit from
operations increased by 29% & Net
Profit increased by 25% for the quarter
Recommends Dividend of 1250%
Mumbai, May 15th, 2018: Britannia Industries Limited (BIL), India’s leading Food Company, reported consolidated (comparable) revenue growth of 13% for the Quarter and 10% for the Year at INR 25100.000 million and INR 98300.000 million respectively. Profit from Operations increased 29% for the Quarter and 17% for the Year at INR 3550.000 million and INR 13600.000 million respectively. Net Profit increased 25% for the Quarter and 14% for the Year at INR 2640.000 million and INR 10040.000 million respectively.
The Board of Directors recommended a dividend of 1250% i.e. INR 25/- share
Commenting on the performance, Mr. Varun Berry, Managing Director, said,
“They have witnessed positive momentum in the market growth over the last few months. Their Double digit growth for the quarter is backed by a double digit volume growth on the back of investment in brands and widening their distribution network through focus on direct reach, rural market and weak states. They continued their Premiumisation & Innovation journey with launch of “Milk Bikis Good Morning”, "Nutri Choice Oats Chocolate & Almond” “50-50 Jeera” and revamp of their Tiger Cookies portfolio.
Their International business grew in double digits despite a slow-down in many geographies like Middle East and Africa. While the growth in Dairy business has also been subdued due to their focus on driving value added products and reducing their play in the less profitable commoditized products, profitability has improved considerably
On the commodity front, prices of key raw material have seen a marginal inflation in Q4. Their accelerated cost efficiency program and endeavour to leverage fixed costs have helped us improve their profitability”.
They have progressed well in their journey of building technologically superior factories, in this context, I am pleased to announce that their new greenfield factories at Guwahati, & SEZ in Mundra for servicing export markets have been commercialized. In addition they are also setting up an Integrated Food Park at Ranjangaon, Maharashtra & a Greenfield plant at Nepal which will be their fourth country with local manufacturing.
In the coming year priority will be on bridging portfolio gaps in their bakery business and other adjacent macro snacking business opportunities to ensure they stay ahead of market and achieve profitable growth to take their company to the next level.
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 67.16 |
|
|
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--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.