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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




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




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




BUSINESS OPERATIONS

LOCATIONS

Regd./Business Address M-14 Greater Kailash-II, Commercial Complex New

Delhi DL 110048 IN

Phone +91 9953169251

Email [email protected]

[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




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


Name Syed Mohammed Aun Safawi Director

Date of Appointment 22 July 2016


Name Sanjay Mehta Director

Date of Appointment 31 July 2014


Name Narinder Kumar Director

Date of Appointment 08 June 2004





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




Financial Details

Balance Sheet




Profit & Loss A/c




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..




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.




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




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.




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 :




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.




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.




PHOTOGRAPHS




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

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