MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	509299
Report Date :	23.05.2018

IDENTIFICATION DETAILS

Name :	MONDELEZ INDIA FOODS PRIVATE LIMITED (w.e.f. 30.12.2014)

Formerly Known As :	MONDELEZ INDIA FOODS LIMITED (w.e.f. 07.04.2014) CADBURY INDIA LIMITED (w.e.f. 01.12.1989) HINDUSTAN COCOA PRODUCTS LIMITED (w.e.f. 17.12.1982) CADBURY INDIA LIMITED (w.e.f. 18.06.1977) CADBURY INDIA PRIVATE LIMITED (w.e.f. 07.06.1977) CADBURY-FRY (INDIA) PRIVATE LIMITED

Registered Office :	Unit No. 2001, 20^th Floor, Tower-3, (Wing C), Indiabulls Finance Centre, Parel, Mumbai – 400013, Maharashtra
Tel. No.:	91-22-33963100

Country :	India

Financials (as on) :	31.03.2017

Date of Incorporation :	19.07.1948

Com. Reg. No.:	11-006457

Capital Investment / Paid-up Capital :	INR 303.184 Million

CIN No.: [Company Identification No.]	U15430MH1948PTC006457

IEC No.: [Import-Export Code No.]	0388024976

GSTN : [Goods & Service Tax Registration No.]	27AAACC0460H1Z2

TIN No.:	27720410638

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAACC0460H

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturing and Selling of Food Products. (Registered Activity)

No. of Employees :	Not Divulged

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd 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 57187700

Status :	Excellent

Payment Behaviour :	Regular

Litigation :	Exist

Comments :	Subject is a part of the “Mondelez International Inc. Group”. Mondelez is the third-largest food company in the world (behind Nestlé and PepsiCo). The company operates in five categories– chocolate, beverages, biscuits, gums & candy. Its brand includes Oreo, LU biscuits, Cadbury Fuse, Bournvita biscuits, 5 Star, Bournville, Cadbury Bournvita, Cadbury Celebration, Cadbury Dairy Milk, Cadbury Dairy Milk Silk, Chocolairs, Gems, Halls, Perk, Tang, Trident, Glow, Toblerone. The ratings are supported by its large scale and leading global market positions in the attractive global snacks category. As per the financial records of 2017, the company has achieved an average growth of 1.12% in its revenue as compared to the previous year’s revenue and has earned net profit margin of 3.86%. The rating also takes into consideration, company’s well-built brand image, superior market position, and strong financial risk profile marked by a robust capital structure and above average debt protection metrics. “Mondelez International Inc.” ranks at 109th in fortune 500 company’s lists. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal 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

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 23.05.2018.

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

[Contact No: 91-22-33963100]

Given number [91-7001885300] is continuously ringing

LOCATIONS

Registered Office:	Unit No. 2001, 20^th Floor, Tower-3, (Wing C), Indiabulls Finance Centre, Parel, Mumbai – 400013, Maharashtra, India
Tel. No.:	91-22-33963100
Fax No.:	Not Available
E-Mail :	prashant.joshi@mdlz.com dlindiacommercial.brl@mdlz.com
Website :	https://in.mondelezinternational.com

Regional Office 1:	EL Tara, 5th Floor, Opposite Odyssey II, Near Delphi, “C” Wing, Hiranandani Powai, Mumbai – 400076, Maharashtra, India

Regional Office 2:	First Floor, Tower A, Bannari Amman Towers, 29, Radhakrishnan Road, Mylapore, Chennai 600004, Tamilnadu, India
Tel. No.:	91-44-66276800

Regional Office 3:	Golf View Corporate Towers 1st Floor, Tower – A Sector 42, Golf Course Road Gurugram-122002, Haryana, India
Tel. No.:	91 124 4297400

Regional Office 4:	3rd Floor, Bharat Chamber of Commerce 9/1, Syed Amir Ali Avenue, Park Circus 7 Point, Ballygunge, Kolkata - 700 017, West Bengal, India
Tel. No.:	91-33-66143500

Factories:	· Thane 1, Pokhran Road, Eastern Express Highway, Thane-400606, Maharashtra, India · Himachal Pradesh Hadbast No. 199, Village Sandholi Baddi, Tehsil- Nalagarh, District Solan-173205, Himachal Pradesh, India · Maharashtra Induri Factory, Talegaon, Dabhade, Pune-410507, Maharashtra, India · Madhya Pradesh Plot No 25, Malanpur, Industrial Area, Village Gurikha, Tehsil Gohad, Gwalior-477116, Madhya Pradesh, India · Andhra Pradesh # 6055, Central Expressway, Sector 25, Sricity, Tada, Vardahaiyapalem Mandel, Chittoor District - 517 544, Andhra Pradesh, India

Cocoa Operations:	Sennakalpalayam, Dalavaipattinam P.O, Dharapuram - 638672, Tamilnadu, India

Sales Offices :	Located at : · Chennai · Kolkata · Delhi · Mumbai

DIRECTORS

AS ON: 31.03.2017

Name :

Mr. Deepak Iyer

Designation :

Managing Director

Address :

B -111, DLF Summit Apartments, Sector - 54, Phase - 5, Golf Course Road Gurugram- 122011, Haryana, India

Date of Birth/Age :

01.11.1967

Qualification :

Master of Management Studies (MBA), Marketing from SP Jain Institute, Mumbai and a Bachelor of Engineering, Electronics from Sardar Patel University, Gujarat

Date of Appointment :

09.08.2016

DIN No.:

06474773

Name :

Ms. Sree Kirat Patel

Designation :

Whole Time Director

Address :

Flat No.12, Apurva, 5, Napean Sea Road, Mumbai – 400036, Maharashtra, India

Date of Birth/Age :

12.06.1958

Qualification :

LLB

Date of Appointment :

23.05.2011

PAN No.:

AADPP2800J

DIN No.:

03554790

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L99999MH1922PLC000987	GREAVES COTTON LIMITED	03/08/2017

Name :

Mr. Nandkumar Vasant Kulkarni

Designation :

Whole Time Director

Address :

1003, Fiona Building, Hiranandani Estate, Ghodbunder Road, Thane-400607, Maharashtra, India

Date of Birth/Age :

22.01.1976

Qualification :

Post-graduate

Date of Appointment :

09.08.2016

DIN No.:

07577189

KEY EXECUTIVES

Name :	Mr. Vivek Mishra
Designation :	Company Secretary
Address :	103, B-Block, Suyog Co-Operative Housing Society, Tilak Nagar, Chembur (East), Mumbai -400089 , Maharashtra, India
Date of Appointment :	01.05.2017
PAN No.:	ATBPM3993L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 31.03.2017

Names of Shareholders	No. of Shares	Percentage of Holding
Cadbury Schweppes Overseas Limited, United Kingdom	18213120	60.07
Cadbury Mauritius Limited, Mauritius	12105313	39.93

Total	30318433	100.00

AS ON: 28.09.2017

Equity Share Breakup	Percentage of Holding
Category
Promoters – Body Corporate	100.00

Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Selling of Food Products. (Registered Activity)

Products/ Services :

ITC Code No.

Product Descriptions

18069010

Chocolate

Brand Names :

· 5 STAR

· BOURNVILLE

· BOURNVITA

· CADBURY CELEBRATIONS

· GEMS

· OREO

· TOBLERONE

· PERK

· TANG

· HALLS, etc

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

No. of Employees :

Not Divulged

Bankers :

· State Bank of India

Madame Cama Road, Nariman Point, Mumbai-400021, Maharashtra, India

Facilities :

---


Auditors :
Name :	Lovelock and Lewes Chartered Accountants
Address :	President Plaza, Ist Floor, Plot No. 36, Opposite Muktidham Derasar, S G Highway, Thaltej Cross Road, Ahmedabad – 380054, Gujarat, India
PAN No.:	AABFL5878L

Memberships :	Not Available

Collaborators :	Not Available

Holding Company :	Cadbury Schweppes Overseas Limited, UK

Ultimate Holding Company :	Mondelez International Inc., USA

Subsidiary Company :	Induri Farm Private Limited, India [U92410MH1946PTC004878]

Associate Company :	Cadbury Mauritius Limited

Fellow Subsidiary companies :	· Cadbury Adams (Thailand) Limited, Thailand (formerly Mondel ?z International · (Thailand) Company Ltd, Thailand) · Cadbury Confectionery Malaysia Sdn. Bhd., Malaysia · Cadbury Confectionery Sales Malaysia, Malaysia · Cadbury Schweppes Finance Limited, UK · Cadbury UK Ltd, UK · CS Business Services (India) Private Limited, India [U74900MH2007FTC170213] · Kent Gida Maddeleri Sanayii ve Ticaret Anonim Sirketi, Turkey · KJS India Private Limited, India [U15209MH1999FTC245078] · Mondelez UK Service Company, UK · Generale Biscuit, France · Mondelez Asia Pacific Pte. Limited, Singapore · Mondelez Australia Pty Limited, Australia (formerly Kraft Foods Australia Pty. Limited) · Mondelez International Amea PTE Ltd (formerly known as Cadbury Enterprises Pte. Limited) · Mondelez Australia(Foods) Ltd, Australia · Mondelez Bahrain WII, Bahrain · Mondelez Deutschland Services GmbH & Co. KG, Germany · Mondelez Eastern Europe, Middle East & Africa FZE, Dubai · Mondelez Europe GmbH, Switzerland · Mondelez Europe Services GmbH, Switzerland · Mondel?z Global LLC, USA · Intercontinental Great Brands LLC, USA · Mondelez International Holdings LLC, USA · Mondelez Japan Limited, Japan · Mondelez Malaysia Sales Sdn. Bhd., Malaysia (formerly Kraft Malaysia Sdn. Bhd.) · Mondelez Philippines, Inc., Philippines · Kraft Foods Schweiz Hold. GmbH, Switzerland · Taloca GmbH, Switzerland · Mondelez Singapore Pte Limited, Singapore · Mondelez UK Holding and Service Limited, UK · Mondelez UK Limited, UK · Mondelez UK R&D Limited, UK · Mondelez UK Confectionery Production Ltd., UK · PT Mondelez Indonesia Manufacturing, Indonesia · PT Mondelez Indonesia Trading, Indonesia · Cadbury Trading Hong Kong Limited, Hong Kong · Mondelez New Zealand, New Zealand

CAPITAL STRUCTURE

AS ON: 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount

37500000	Equity Shares	INR 10/- each	INR 375.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

30318433	Equity Shares	INR 10/- each	INR 303.184 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	303.184	303.184	303.200
(b) Reserves & Surplus	19712.516	17670.316	17045.500
(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)	20015.700	17973.500	17348.700

(3) Non-Current Liabilities
(a) Long-term borrowings	5869.200	6768.800	4336.700
(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	2043.500	3137.100	2387.900
Total Non-current Liabilities (3)	7912.700	9905.900	6724.600

(4) Current Liabilities
(a) Short term borrowings	1523.300	1439.200	1503.400
(b) Trade payables	12430.400	11338.900	9936.300
(c) Other current liabilities	3347.000	2991.700	3762.000
(d) Short-term provisions	78.700	94.200	96.100
Total Current Liabilities (4)	17379.400	15864.000	15297.800

TOTAL	45307.800	43743.400	39371.100

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	23020.300	13000.300	12861.500
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	4321.900	13454.800	7810.200
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1508.300	1089.200	0.200
(c) Deferred tax assets (net)	495.100	1020.200	132.100
(d) Long-term Loan and Advances	246.500	232.400	5007.200
(e) Other Non-current assets	760.600	933.800	0.000
Total Non-Current Assets	30352.700	29730.700	25811.200

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	7386.600	6589.400	7414.800
(c) Trade receivables	675.900	1001.200	826.000
(d) Cash and cash equivalents	4796.200	3497.600	3509.600
(e) Short-term loans and advances	5.900	7.600	1733.000
(f) Other current assets	2090.500	2916.900	76.500
Total Current Assets	14955.100	14012.700	13559.900

TOTAL	45307.800	43743.400	39371.100

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2017	31.03.2016	31.03.2015
	SALES
		Revenue from Operations	57489.400	56852.400	65077.200
		Other Income	317.700	134.200	549.400
		TOTAL	57807.100	56986.600	65626.600

Less	EXPENSES
		Cost of Materials Consumed	22338.700	23390.500	32637.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(542.700)	(674.100)	(255.700)
		Employees benefits expense	4896.900	5057.100	5280.600
		Other expenses	25148.700	24557.400	22062.700
		CSR Expenditure	0.000	0.000	17.400
		Exceptional Items	(882.900)	1203.400	2661.800
		TOTAL	50958.700	53534.300	62403.800

	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		6848.400	3452.300	3222.800

Less	FINANCIAL EXPENSES		899.900	255.500	168.100

	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		5948.500	3196.800	3054.700

Less/ Add	DEPRECIATION/ AMORTISATION		2908.500	2531.000	2140.800

	PROFIT/ (LOSS) BEFORE TAX		3040.000	665.800	913.900

Less	TAX		820.000	287.800	(37.900)

	PROFIT/ (LOSS) AFTER TAX		2220.000	378.000	951.800

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings [FOB basis]		131.400	67.500
		Earnings on other income		2116.500	576.200
	TOTAL EARNINGS		NA	2247.900	643.700

	IMPORTS
		Raw Materials		3716.300	6002.900
		Stores & Spares		33.300	72.000
		Capital Goods		4977.100	1564.900
	TOTAL IMPORTS		NA	8726.700	7639.800

	Earnings/ (Loss) Per Share (INR)		73.22	12.47	30.99

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	6.900

Net cash flows from (used in) operations	7543.400	5136.800	6237.000

Net cash flows from (used in) operating activities	6818.700	6147.700	5202.000

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income 365 Days)*	4.29	6.43	4.63

Account Receivables Turnover (Income / Sundry Debtors)	85.06	56.78	78.79

Average Payment Days (Sundry Creditors / Purchases 365 Days)*	203.10	176.94	111.12

Inventory Turnover (Operating Income / Inventories)	0.93	0.52	0.43

Asset Turnover (Operating Income / Net Fixed Assets)	0.25	0.13	0.16

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.51	0.52	0.50

Debt Equity Ratio (Total Liability / Networth)	0.37	0.46	0.34

Current Liabilities to Networth (Current Liabilities / Net Worth)	0.87	0.88	0.88

Fixed Assets to Networth (Net Fixed Assets / Networth)	1.37	1.47	1.19

Interest Coverage Ratio (PBIT / Financial Charges)	7.61	13.51	19.17

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) 100)*	%	3.86	0.66	1.46

Return on Total Assets ((PAT / Total Assets) 100)*	%	4.90	0.86	2.42

Return on Investment (ROI) ((PAT / Networth) 100)*	%	11.09	2.10	5.49

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	0.86	0.88	0.89

Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.44	0.47	0.40

G-Score Ratio Financial (Networth / Total Assets)	0.44	0.41	0.44

G-Score Ratio Debt (Debts / Equity Capital)	24.38	27.07	19.28

G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.86	0.88	0.89

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	303.200	303.184	303.184
Reserves & Surplus	17045.500	17670.316	19712.516
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	17348.700	17973.500	20015.700

long-term borrowings	4336.700	6768.800	5869.200
Short term borrowings	1503.400	1439.200	1523.300
Total borrowings	5840.100	8208.000	7392.500
Debt/Equity ratio	0.337	0.457	0.369

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	65077.200	56852.400	57489.400
		(12.639)	1.120

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	65077.200	56852.400	57489.400
Profit	951.800	378.000	2220.000
	1.46%	0.66%	3.86%

LEGAL CASES

City Civil Court, Calcutta

Case Details

Case Type: TS - TITLE SUIT
Filing Number: 1544/2017Filing Date: 28-02-2017
Registration Number: 310/2017Registration Date: 28-02-2017
CNR Number: WBCC01-001172-2017

Case Status

First Hearing Date: 28th February 2017
Next Hearing Date: 11th August 2017
Stage of Case: Issues
Court Number and Judge: 7-LD JUDGE 7th BENCH

Petitioner and Advocate

1) Sampark Advertising And Media Pvt Ltd

Address - 9A, Esplanade East, Kol-700069

Advocate- Javed K. Sanwarwala

Respondent and Advocate

1) T.E. Thomson And Co Ltd

Address - 4 and 5, Dalhousie Square (East)

2) Nitin Kr. Jain and Prava Rajyalaxmi Rana

4 and 5, Dalhousie Square (East)

3) Siddheswar Chatterjee

44B, Murari Pukur Road

4) Mondelez India Foods Pvt. Ltd.

9A, Esplanade East

Acts

Under Act(s)	Under Section(s)
Specific Relief Act	34
History of Case Hearing

Registration Number	Judge	Business On Date	Hearing Date	Purpose of hearing
310/2017	LD JUDGE 7th BENCH	28-02-2017	30-06-2017	SR/AD/Appearence
310/2017		30-06-2017	11-08-2017	Issues

Chief Judicial Magistrate , Nagpur

Case Details

Case Type: S.C.C. - Sum Case
Filing Number: 302881/2015Filing Date: 21-01-2015
Registration Number: 302347/2015Registration Date: 21-01-2015
CNR Number: MHNG03-002794-2015

Case Status

First Hearing Date: 21st January 2015
Next Hearing Date: 17th September 2016 Date Not Updated
Stage of Case: Summons_Ready
Court Number and Judge: 2-Addl. Chief Judicial Magistrate Nagpur.

Petitioner and Advocate

1) State of Maharashtra

Address - Akhilesh Raut, Inspector, Food and Safety Officer, Food and Drusgs Administration, Nagpur

Advocate- APP

Respondent and Advocate

1) Mohammad Rashid Nizamuddin Sabir and oth.

Address - Ms J.K. Daily Needs, CPWD Qt. Opp. Nirmala Girls Hostel, Katol RD. Nagpur.

2) Puneet Naresh Kusumgar

MS Kusumgar and Company, 33, Dahipura, Prabhag No. 39, Untkhana Medical Ck. Nagpur

3) MS Kusumgar and Company

MS Kusumgar and Company, 33, Dahipura, Prabhag No. 39, Untkhana Medical Ck. Nagpur.

4) Indranath Roy

Ms Erstwhile Cadbury India Ltd. Co Logistics Park, Survey No. 332-1, Amravati Rd. Village Nimji, Tah

. Kalmeshwar, Dist.Nagpur

5) Ms Cadbury India Ltd

Logistic Park, Survey No. 332-1, Amravati Rd. Nimji, Tah. Kalmeshwar, Dist. Nagpur.

6) Hemant Deshpande

Ms Cadbury India Ltd. Factory Talegaon, Dabhade, Pune

7) Ms Mondelez India Foods Ltd. Induri

Ms Cadbury India Ltd. Factory Talegaon, Dabhade, Pune

Acts

Under Act(s)	Under Section(s)
Food Safety and Standards Act,2006	3-1-zz-iii-x,26-2-i,59
History of Case Hearing

Registration Number	Judge	Business On Date	Hearing Date	Purpose of hearing
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	21-01-2015	09-02-2015	Order on Exh
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	09-02-2015	10-03-2015	Order on Exh
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	10-03-2015	22-04-2015	Summons_Ready
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	22-04-2015	09-07-2015	Summons_Ready
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	09-07-2015	04-09-2015	Summons_Ready
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	04-09-2015	03-11-2015	Summons_Ready
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	03-11-2015	05-01-2016	Summons_Ready
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	05-01-2016	21-01-2016	Summons_Ready
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	21-01-2016	02-05-2016	Summons_Ready
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	02-05-2016	30-07-2016	Summons_Ready
302347/2015	Addl. Chief Judicial Magistrate Nagpur.	30-07-2016	17-09-2016	Summons_Ready

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	Yes
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	B02661106	10008306	State Bank of India	22/05/2006	-	14/12/2010	750000000.0	Madame Cama RoadNariman PointMUMBAIMH400021IN

UNSECURED LOANS

PARTICULARS	31.03.2017 (INR In Million)	31.03.2016 (INR In Million)
LONG-TERM BORROWINGS
Rupee term loans from banks	5869.200	6768.800

SHORT TERM BORROWINGS
Working capital loans from banks	1523.300	1439.200

Total	7392.500	8208.000

CHANGE OF ADDRESS:

The Registered address of the company has been shifted from Cadbury House, Bhulabhai Desai Road, Mumbai-400026, Maharashtra, India to the present address w.e.f 24.01.2014

FIXED ASSETS:

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

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 68.02
UK Pound	1	INR 91.25
Euro	1	INR 80.07

INFORMATION DETAILS

Information Gathered by :	PNM

Analysis Done by :	NIY

Report Prepared by :	IND

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	NO
--OTHER MERIT FACTORS	YES/NO	YES

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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

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