MIRA
INFORM REPORT
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Report Date : |
9th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
DUTCH
PLANTIN COIR INDIA PRIVATE LIMITED |
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Registered Office : |
22
Mani Aganna Gardens, Krishna Colony, Coimbatore - 641 005, Tamilnadu, India. |
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Country : |
India |
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Date of Incorporation : |
30.06.2005 |
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Com. Reg. No.: |
11946 |
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CIN No.: [Company
Identification No.] |
U05190TZ2005PTC011946 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CMBD03658E |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
To
carryon business as manufacturers, processors, converters, extractors,
dealers, exporters, importers, of all types of coconut fibers and other such
fibrous substances from similar agricultural produce (including their coir,
mat, shell and waste) and convert them in to one or more useable substances
products. To
Manufacture, processing of Coir fibre, coir and coir yarn from coconut husks
and generally to deal in the above products and allied products. Management
remained non-cooperative during current investigation. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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Maximum Credit Limit : |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company in collaboration with Dutch Plantin B.V., The Netherlands.
Trade relations are fair. No payments are available. No performance figures
are known as it is a new company. Initially,
the company can be considered for any business dealings on safe and secured
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
22
Mani Aganna Gardens, Krishna Colony, Coimbatore - 641 005, Tamilnadu, India. |
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Tel. No.: |
91-422-2312822 |
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Fax No.: |
91-422-2312823 |
DIRECTORS
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Name : |
Mr.
Siby Joseph |
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Designation : |
Director |
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Address : |
No.
11, Meena Estae, 1st Street, Sowripalayam Road, Coimbatore – 641
028. |
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Date of Appointment : |
30.06.2005 |
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Name : |
Mr.
Johannes Josephus |
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Designation : |
Director |
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Address : |
Huspul
12, 5406 AS Uden the Netherlands. |
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Date of Appointment : |
30.06.2005 |
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Name : |
Mr. M
D Selvaraj |
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Designation : |
Company
Secretary |
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Address : |
8/0 M.
Doraisway, 35 May House Avenue, Sownipalgom Road, Coimbatore – 641 028. |
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Qualification : |
M Com,
M. B. A. |
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Date of Appointment : |
30.06.2005 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Siby
Joseph |
1 |
|
Johannes
Josephus |
9999 |
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TOTAL: |
10000 |
BUSINESS DETAILS
|
Line of Business : |
To
carryon business as manufacturers, processors, converters, extractors,
dealers, exporters, importers, of all types of coconut fibers and other such
fibrous substances from similar agricultural produce (including their coir,
mat, shell and waste) and convert them in to one or more useable substances
products. To
Manufacture, processing of Coir fibre, coir and coir yarn from coconut husks
and generally to deal in the above products and allied products. Management
remained non-cooperative during current investigation. |
GENERAL
INFORMATION
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Bankers : |
Not
Known |
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Facilities : |
-- |
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Banking Relations : |
-- |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
100000 |
Equity
Shares |
Rs. 10/- each |
Rs. 1.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
10000 |
Equity
Shares |
Rs. 10/- each |
Rs. 0.100 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
NIL
LOCAL AGENCY
FURTHER INFORMATION
AS
PER WEBSITE:
Why Dutch Plantin?
Coco peat
produces much healthier plants that requires less watering and less frequent
fertilising. Commercial growers of pot plants produce higher quality stock when
they use a potting mix containing Coco peat.
Dutch Plantin coco peat products are graded to specific particle sizes and
fibre content. These gradings provide a more accurate growing media exactly
tailored to each growing application. Particle size grading now allows for a
wider spectrum range of water holding capacity, air filled porosity and bulk
density, to suit seasonal climate conditions and specific crop production.
Infrastructure
Dutch
Plantin is equipped with the state-of-the-art infrastructure and has been
constantly upgrading tehnology and machinery over the period of years to stay ahead
of its competitors and to deliver the best products to its clients.
Location
When it
comes to the continuous supply of coco peat and coir pith products, location at
the right source plays a crucial role in the demand and supply . of products
which is why Dutch Plantin uses the advantage of a coconut rich location like
India for sourcing its products.
With its headquarters in Netherlands, Dutch Plantin is able to offer its global
customers quality coco peat products.
v QUALITY
Quality at Dutch Plantin
Equipped with world class infrastructure
and a comprehensive quality management system, Dutch Plantin guarantees you
100% quality from the time of raw material sourcing, to ready to use products.
Dutch Plantin basically offers buyers two kinds of
solutions:
100% weed free material
Finished coco peat and coco pith products.
Dutch Plantin is RHP approved.
The RHP quality mark is a certified quality
mark which is awarded to a company satisfying all requirements listed in the
certification scheme.
The quality marks are awarded to producers,
traders and importers of peat products, raw material, potting soil formulas,
substrates, soil supply and soil improvement materials.
v
PRODUCTS:
Compressed Cocopeat Bales
Perfectly suited media for growing flowers,
vegetable cultivation as well as using in potting soil mixtures.
Compressed Cocopeat Briquettes
Perfectly suited in flower & vegetable
cultivation in potting soil mixtures and could be sold in the retail sector.
Coco Chips
Cocos chips are mostly used for flower
cultivation like orchids, anthurium and to increase air content in potting soil
mixtures.
Compressed Cutted Coirfibre
Cutted coir fibres is mostly used to
increase air content in potting soil mixtures.
Compressed Growbags
Compressed growbags are mostly used for
flower & vegetable cultivation as well as strawberry cultivation.
Resources and Links
v Greneth
v BLGG
v Agrifirm
COCOPEAT BALES:
Compressed Cocopeat Bales
v Available in 5 kg bales
v Output 12 to 14 m3 per metric tonne
v
Material perfectly suited as growing media
for flower & vegetable cultivation as well as using in potting soil
mixtures
v Moisture content < 20 %
v Bales standard not individually packed
v Bales standard not palletized
v Dutch Plantin can arrange freight.
Available as:
v Washed material, E.C. < 1.0 mS/cm
v Unwashed material, E.C. > 2 mS/cm
v Buffered R.H.P.-material (chemical
treated ) E.C. < 1.0 mS/cm
v Washed and
unwashed material is produced according to RHP regulations
v
Buffered material is RHP-certified
(commercial potting soil regulation) Extra
Extra
Palletizing is possible
Palletizing 5 kg bales, stretch wrapped per pallet
210 bales per pallet
20 pallets per 40’ container
Individual wrapping of bales possible
Maximum
loadable weight (Loose Loaded)
20’ container 40’ container 40’ High Cube container
5 kg bales 13 metric tonne 26 metric tonne 26.5
metric tonne
COCOPEAT BRIQUETTES:
Compressed cocopeat briquettes
v Weight 650 grams per briquette
v Size: 18 x 10 x 5 cm
v
Material perfectly suited as growing media
for flower & vegetable cultivation in potting soil mixtures and to be sold
in the retailsector
v Output 12 - 14 m3 per metric tonne
v Moisture content < 20 %
v Briquettes standard not packed
v Briquettes standard not palletized
v Dutch Plantin can arrange freight
Available as:
v Washed material,
E.C. < 1.0 mS/cm
v Unwashed material, E.C. > 2 mS/cm
v Buffered R.H.P.-material (chemical
treated ) E.C. < 1.0 mS/cm
v
Washed and unwashed material is produced
according to RHP regulations
v Buffered
material is RHP-certified
Extra
v Palletizing
briquettes, stretchwrapped per pallet
v 2050
bales per pallet
v 210
bales per pallet
v 20
pallets per 40’ container
v Briquettes
individually wrapped for the consumer market is possible
v Wrappe
briquettes can be packed with 24 pieces in a carton box
Maximum loadable weight (Loose Loaded)
20’
container 40’
container 40’ High
Cube container
Briquettes 18
metric tonne 26.5 metric
tonne 26.5 metric tonne
COCO CHIPS:
v Bales of +/-65 kg with nylon straps
v
Cocos chips are mostly used for flower
cultivation like orchids, anthurium and to increase air content in potting soil
mixtures
v Size small: +/- 0.5 - 2 cm
v Medium: +/- 1.5 - 3 cm
v Always one size per container
v Output 0.8 - 0.9 m3 per bale
v Dutch Plantin can arrange freight
v Dutch Plantin can arrange freight
Available as:
v Washed material, E.C. < 0.5 mS/cm
v Unwashed material, E.C. > 3 mS/cm
Extra
v Palletizing
v
192 entire + 48 half bales per container =
average 12 bales per pallet 18 pallet per 40’ container
Maximum loadable weight (Loose Loaded)
Not palletized 228
bales per 40’ container
2
Net weight +/- 15 metric tonnes per 40’ container
CUTTED
COIR FIBRE:
v Compressed cutted coirfibre
v 25 KG bales
v
Cutted coir fibres are mostly used to
increase air content in potting soil mixtures
v Bales are
wrapped with nylon straps
v Bales standard not palletized
v Dutch Plantin can arrange freight
v E.C. < 1 mS/cm
v RHP-certified raw material
Maximum loadable weight
20’
container 40’
container 40’ High
Cube container
Fibre bales 7.5
metric tonne 14 metric
tonne 15 metric tonne
GROW
BAGS:
v Available in a lot of different sizes
v
Compressed growbags are mostly used for
flower & vegetable cultivation as well as strawberry cultivation
v
Every crop the best growbag, 100 % pith or
mixed with cocosfibre or cocos-chips
v Moisture content < 20 %
v Pressed growbags can be stocked for
months since compressed dry
v Material is washed to an E.C. < 1.0
mS/cm (1:1.5 volume-extract)
v Packed separately in plastic with Dutch
Plantin print
v Plastic 2 years UV - treated
v Plantholes possible in consultation with
Dutch Plantin
v
Dutch Plantin can arrange freight against
very competitive rates.
Weight and Loading
Size in cm
Rehydrated Weight of one bag Number of bags per
in kg 40'
count.
25 x 20 x 15 0.7 22480
70 x 15 x 12 1.2 12800
100 x 15 x 12 1.7 8960
100 x 20 x 10 1.8 8236
100 x 20 x 12 2.2 6860
100 x 20 x 15 2.7 6500
120 x 20 x 12 2.35 6000
(120 cm packed
as 2 x 60 cm in one bag)
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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.92 |
|
UK
Pound |
1 |
Rs.84.62 |
|
Euro |
1 |
Rs.58.03 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
|
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
20 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |