MIRA
INFORM REPORT
|
Report Date : |
7th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
PUNJA
& SONS LTD |
|
|
|
|
Registered Office : |
63
Vitogo Parade PO Box 125 Lautoka |
|
|
|
|
Country : |
Fiji |
|
|
|
|
Date of Incorporation : |
1958 |
|
|
|
|
Legal Form : |
Private
limited company |
|
|
|
|
Line of Business : |
|
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
PUNJA & SONS LTD
Country: Fiji
Company name: PUNJA & SONS
LTD
Office address: 63 Vitogo Parade
PO Box 125 Lautoka
Office tel: 679-6661633
Office fax: 679-6663039
Office e-mail: enquiry@punjas.com.fj
Website: www.punjas.com
Business type: Manufacturer
Industry: Consumer
Products
Established: 1958
OWNERSHIP
Chairman: Mr
Kantilal Punja
Nationality: Fiji
Capital: FJD500,000
Employees: 700
Corporate formation: Private
Direct parent: JAGJIWAN
PUNJA LTD
Nationality Fiji
Detailed Report
COMPANY MANAGEMENT
Director Mr
Kantilal Punja
Nationality: Fiji
Director Mr
Nitin Punja
Nationality: Fiji
Director Mr
Jagjiwan Punja
Nationality: Fiji
Director Mr
Rajesh Punja
Nationality: Fiji
General Manager Mr Jagdish Punja
Nationality: Fiji
FINANCIAL DESCRIPTION
*Credit Risk Assessment*
=======================
Risk Index : Low
Rating : [ 68 ] - points out of a possible
100 points
Credit Opinion : Consulted sources within
the industry have reported that the company has been settling its payments
regularly.
Credit : USD 50,000
Period : 30 days
*Credit Assessment*
==============
The company is considered large sized and a
well-established firm in its line locally. The company seems to possess good
market connectivity and trade reputation internationally. Credit of a moderate
amount may proceed promptly.
*Capital Details*
=============
Authorized capital : FJD 500,000
Issued share : 220,000 Shares
*Financials*
=========
As a private limited company, no official
financial statement is requiredto be publicly disclosed.
Upon our current contact, the company's
principals could not be contactedwhile the company's staff refused to forward
any financial information regarding the company on the grounds that the company
is a private venture whose financial information is considered sensitive
private business information not subjected to public release or release to
non-business related parties.
*Charges*
========
Total number of known Charges : 1
Date: 22 September, 2004
Charger(s): Punja & Sons Ltd
Chargee(s): Westpac Bank
Secured amount: $ 3,500,000
Charge particulars: Mortgage
*Lodgment of Annual Returns*
=======================
Year ending : 2005
Date Lodged : 19 February, 2005
*Reputation*
==========
Reference checking for the purpose of
establishing the firm's reputation within the respective industry failed to
reveal any negative information.
*Payment Terms*
=============
Sales
--------
Local
: Cash on Delivery (COD)
Credit
Export
: Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local
: Cash on Delivery (COD)
Credit
Import
: Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Company Registration *
==================
Company Name : PUNJA & SONS LTD
License number : 654
Date issued : 1935
Issuing authority : Registry of Companies
*Change of Company Name*
=====================
No record
*Banker*
========
WESTPAC BANK
In-depth Report
PRODUCT, TECHNOLOGY, SERVICE
DESCRIPTION
*Main Products & Services*
=====================
Specializing in two main areas of work:
1. Manufacturing edible oils, soaps &
detergents, cartons & packaging andspices
2. Importation and distribution over 600
items including liquor, wines, beer, illy coffee, Paradise & Tiffany
Biscuits, berri juice, tyres, Panasonic battery and Pafco tuna, chesdale
cheese, and dairy products
*Quality Certification*
=================
Type of Certification : ISO 9001
Type of Certification : HAACP
*Brand*
=======
Brand distributed :
- GROVE MILL
ORGANIZATION STRUCTURE
*Key Personnel*
============
(1) Kantilal Punja
Position : Director
Responsibilities : Currently active in the
company's day-to-day operations & is responsible for its management.
Registered address: P.O. Box 125, Lautoka
(2) Nitin Punja
Position : Director
Responsibilities : Currently active in the
company's day-to-day operations & is responsible for its management.
Registered address: P.O. Box 125, Lautoka
(3) Jagjiwan Punja
Position : Director
Responsibilities : Currently active in the
company's day-to-day operations & is responsible for its management.
Registered address: P.O. Box 125, Lautoka
(4) Rajesh Punja
Position : Director
Responsibilities : Currently active in the
company's day-to-day operations & is responsible for its management.
Registered address: P.O. Box 125, Lautoka
(5) Mr. Jagdish Punja
Mobile
: 679-9999807
Position : General Manager
Responsibilities : Currently active in the
company's day-to-day operations & is responsible for its management.
Other contact
-------------------
Email
: purchase@punjas.com.fj
TRADE REFERENCES
*Domestic Suppliers*
================
Parts of its materials are purchased from
local market.
SUBSIDIARIES, JOINT-VENTURES
& AFFILIATES
Company name: PUNJA & SONS
(SPICE) LTD
Country: Fiji
Status: Affiliate
----------------------------------------------------------------------------------------------------
RELATED PARTIES DESCRIPTION
*Major Shareholders*
================
Shareholder Name No of Shares
-------------------------------------------------------------------------
Karsanji Punja
4,727
Kantilal Punja
22,168
Jagjiwam Punja
7,832
Nitin Lal Punja
250
Jagdish Punja
13,500
Jayanti Punja Investments Ltd 23,815
Nitin Punja & Sons Ltd 47,375
Jagjiwan Punja Ltd 59,833
Pravesh Punja
13,500
Rajesh Punja 13,500
Yogesh Punja 13,500
*Directors' Details*
==============
Karsanji Punja
Kantilal Punja
Jagjiwam Punja
Nitin Lal Punja
*Company Secretary Details*
=====================
Sashi Saroj Chandra
Address : P.O Box 125, Lautoka
LOCAL DISTRIBUTION &
WAREHOUSING
*Local Distribution Network*
=======================
Parts of the annual turnover is attributed
to local sales.
*Imports*
========
Part of its materials are imported mainly
from Asia Pacific, Europe, & South America.
<<< International trade: Activity
& markets >>>
Exporting to Asia
Exporting to China
Exporting to Europe
Importing from Asia
Importing from Europe
Importing from France
Importing from Australia
Importing from New Zealand
Importing from South America
INTERNATIONAL TRADE ACTIVITY
DESCRIPTION
*Export Markets*
=============
The company has been granted the rights of
import & export.
Parts of the annual turnover is attributed
to export to the following countries/region :
- Asia
- Europe
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 |