Business Information Report - debtnirvana.comdebtnirvana.com/images/VLCC Personal Care...
Transcript of Business Information Report - debtnirvana.comdebtnirvana.com/images/VLCC Personal Care...
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Business Information Report
Date - 28/08/2017 India
1. Identification Details
2. Summary
3. Operational Details
4. Business Operation
Location
Bankers
Cash Credit from Banks
Key Personnel
Past Director Details
Auditors
5. Financial Details
Turnover
Balance Sheet
Profit & Loss A/c
6. Physical Verification
7. Company Profile
About VLCC
VLCC Acquisition
VLCC News
VLCC Social Statics
8. Records as per MCA
9. Business Details
10. Consumer Satisfaction Rating
11. Key Ratios
12. Industry Review
About Industry
Top Competitors
13. Credit Recommendation & Ratings
14. Photograph
Contents of Report
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RM Debt Nirvana Consulting Private Limited © Copyright 2013 All Rights Reserved
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Company Name VLCC Personal Care Limited
Incorporation No. U52212DL2000PLC107566
GST No 06AABCV6538Q1ZO
PAN AABCV6538Q
Registration No. 107566
Previous Name(s) VL Bodycare Pvt.Ltd
Regd. /Business Address M-14 Greater Kailash-II, Commercial Complex New
Delhi DL 110048 IN
SUMMARY
Company Status Active
Company Category Company limited by Shares
Authorized Capital INR 50,000,000
Paid up Capital INR 43,750,000
Legal Form Public Limited
Listing status Unlisted (Planning for an IPO in 2017. Funds to be used
for expansion in Overseas market)
RoC RoC-Delhi
Date of Incorporation / Formation 06 September 2000
IDENTIFICATION DETAILS
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Last Annual General Meeting (AGM) 28 September 2016
Business Activity Retail sale of Beauty & Personal Care
Products with Weight Loss Management
Nature of Business Retail sale and Service provider
OPERATIONAL DETAILS
Corporate Address No. 64, HSIDC Building, Maruti Industrial Area, Sector
18, Gurgaon - 122015
Contact Details Kamakshi Bakshi (Manager) -
08045338415,[email protected]
+91-124-4719700
Fax +91-124-4011371
Owned/Rented Owned
Office Area 2700 Sq Ft
No. of Employees Up to 5000
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BUSINESS OPERATIONS
LOCATIONS
Regd./Business Address M-14 Greater Kailash-II, Commercial Complex New
Delhi DL 110048 IN
Phone +91 9953169251
Email [email protected]
Website www.vlccpersonalcare.com
Branch Office NA
Phone NA
BANKERS
Name Yes Bank, SBI, HDFC
Cash Credit Loan from Banks
31.03.2015 31.03.2014
Yes Bank 357,426 23,135,685
HDFC Bank 26,542,457 33,643,310
SBI 19,061,739
Total 45,961,622 56,778,995
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KEY PERSONNEL
Name Vandana Luthra Founder
Name Syed Safawi CEO
Name Kamal Oberoi Director
Date of Appointment 18 April 2005
Director Identification Number 00713900
Name Ashutosh Bihari Bharadwaj Director
Date of Appointment 03 August 2010
Director Identification Number 03157119
Name Syed Mohammed Aun Safawi Director
Date of Appointment 22 July 2016
Director Identification Number 02993292
Name Sanjay Mehta Director
Date of Appointment 31 July 2014
Director Identification Number 00297971
Name Narinder Kumar Director
Date of Appointment 08 June 2004
Director Identification Number 00084464
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Past Director Details
Name Mukesh Luthra
Name Sandeep Ahuja
AUDITORS
Name of Firm DeloitteHaskins &Sells
Name Deepak Roy
Address Gurgaon, Haryana, India
Date of signing audit report by auditors 12/08/2015
PAN AABCV6538Q
GST Number 06AABCV6538Q1ZO
CIN U52212DL2000PLC107566
Financial Details
Turnover (FY 2014) INR 1,548,834,430
Turnover (FY 2015) INR 2,035,204,877
Latest Estimates Revenue INR 1000 Crores
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Financial Details
Balance Sheet
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Profit & Loss A/c
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Physical Verification
Details Remarks
Address No. 64, HSIDC Building, Maruti Industrial Area,
Sector 18, Gurgaon - 122015
Running Duration 3-4 Years
Owned or Rented Owned
Office Area (sq ft) 2700 Sq Ft
Locality (Commercial / Residential) Residential Cum Commercial (Posh Locality)
Company Type (Sole Prop/ Partnership) Public Ltd
Nature of Business Institution & Service Provider
Number of Employee seen 10-15 & Approx 20 Students are doing training
Turn Over NA
Verified by Discreet Check (Security Guard & Neighbors)
Neighbor Reference Positive
Overall Remarks
Visit was conducted at the given address VLCC PERSONAL
CARE LIMITED 64, HSIIDC Sector 18, Maruti Industrial Area,
Gurgaon. We found that on given address same company was
exist, given company was exist on ground to 1st floor, name
board also seen outside of company in the same name. We met
Security guard Mr. Mahesh, he confirmed above details, the said
business is running on the provided address for the last 3-4 years.
Employees are around 15-20 and more than 20 students are doing
training in this Institute. After that we also met with Mr. Raju
(Neighbour) he also told that this company are running on given
address approx. 3 years..
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Visited At (Time and Date) 11:00PM & 28/08/2017
Mode of verification Physical Verification (Discreet Check)
Company Profile
VLCC is widely recognized for its weight loss solutions and therapeutic approach to beauty treatments.
We have among the largest scale and breadth of operations within the beauty and wellness services
industry in India, serving consumers over 326 locations in 153 cities and across 11 countries in South
Asia, South East Asia, the GCC Region and East Africa. We operate 205 Wellness Centers in India and
49 in 10 other countries and run VLCC Institutes of Beauty & Nutrition that have grown to become Indias
largest chain of vocational education academies in the beauty and nutrition training segment with 73
campuses, training nearly 10,000 students annually and offering courses in multiple disciplines.
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Records as per MCA
VLCC Personal Care Limited is a Public company incorporated on 06 September 2000. It is classified as
Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs.
50,000,000 and its paid up capital is Rs. 43,750,000.It is inolved in Retail sale of food, beverages and
tobacco in specialized storesVlcc Personal Care Limited's Annual General Meeting (AGM) was last held
on 28 September 2016 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet
was last filed on 31 March 2016.
Business Details Positive
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Consumer Satisfaction Rating
KEY RATIOS
RATIOS March 31, 2015
Current Ratio 2.88
Quick Ratio 2.21
Debt Equity Ratio : 4.42
Current Ratio - A measure of short term solvency i.e. ability to meet the short term obligations by
matching current assets against current liabilities. Ideal current ratio is 2 : 1 (2.0). However, a very high
ratio indicates availability of idle cash and is not a good sign.
Quick Ratio - A measure of the amount of liquid assets available to offset current liabilities. The ratio is
1:1 (1.0), the business is said to be in a liquid condition. The larger the ratio, the greater the liquidity..
Debt Equity Ratio - The debt-to-equity ratio is a measure of the relationship between the short term &
long term debts and the capital contributed by shareholders. A ratio of 1:1 is usually considered to be
satisfactory ratio.
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Industry Review
Wellness industry to grow at CAGR of 12% by FY20. Online retailing has been growing steadily in India.
One of the primary growth drivers for the online channel is the rising needs of convenience. With the
demography of India being primarily millennial with increased income, and shortage of time, shoppers
are looking at online channel for most of their needs. Beauty and personal care is one of the product
categories which is witnessing this change. This is changing slowly, with the new entrants in this channel
growing exponentially. This Industry in India has grown exponentially since 2007.
VLCC Key competitors in Industry are :
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CREDIT RECOMMENDATION
Credit Rating A+
Credit Score 90
Credit Limit INR 2,000,000
Commentary:-
VLCC Personal Care Limited has a credit rating assigned by ICRA with AA rating. As per the
verification, we found that the said company was incorporated in the year of 2000. With continuous
growth, this company has become a top competitor in market with other companies who are also involved
in retail selling of beauty care products. As per the data of similar survey agencies, this Industry has
achieved an unexpected growth since 2007 and if we consider the same, this company’s last year reported
turnover is 203 Crore which is around 50 Crore more than 2015’s Turnover and the loan from banks and
other institutions have been declined during 2015 to 2016. On the other hand if we look on the customer’s
satisfaction about VLCC, it has a satisfaction rating of 37%.
VLCC is planning to expand exponentially by foraying into Overseas markets. In order to achieve it, they
are planning to launch an IPO in 2017. VLCC have ambitious plan to achieve $1Bn Revenue with
expansion in more than 50 countries. The company has nearly 40% revenue from overseas, a double digit
operating margin and based on previous years' numbers a net profit of 3-4%,
Credit Recommendations: Keeping in mind the same and after analyzing the key financials of the
company, we recommend business dealings permissible with low risk of default.
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RATING EXPLANATION
Credit
Rating
Credit
Score
Explanation Rating Comments
A+ 81 - 100 Low Risk Business dealings permissible with low risk of
default.
A 61 - 80 Moderate Risk Business dealings permissible with moderate risk
of default.
B 40 - 60 Medium Risk Business dealings permissible on a regular
monitoring basis.
C 21 - 39 Medium High Risk Business dealings permissible preferably on
secured terms.
D 1 - 20 High Risk Business dealing not recommended or on secured
terms only.
NR -- No Rating No recommendations can be made at this stage
due to lack of sufficient information.
The credit appraisal provides an assessment of the creditworthiness of a company. It takes into account
significant elements of credit including history, business performance, management, background,
financial position, payment history, overall market conditions, market trends and the reputation of the
company
NR is stated where there is insufficient information to facilitate rating. However, it is not to be
constructed as unfavorable.
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PHOTOGRAPHS
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This report is based on information from sources believed to be true. Any advice or recommendation in
this report has been given without specific investment objectives and the particular needs of any specific
addressee. It must be distinctly understood that though utmost care has been exercised to obtain reports
of a reliable character but we accept no liability whatsoever for any direct or consequential loss arising
from any use of this document.
END OF REPORT