MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
UNITED
PACIFIC AGRO PRIVATE LIMITED |
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Registered Office : |
314,
Mahalaxmi Road, Lalchowk, Sinnar, Sinnar-Nashik- 422103, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
03.01.2005 |
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Com. Reg. No.: |
150351 |
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CIN No.: [Company
Identification No.] |
U01100MH2005PTC150351 |
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Legal Form : |
Private
Limited Liability Company. |
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Line of Business : |
To carry on the business of manufacturers, importers, exporters, buyers, sellers, cultivators, breeders, conservators, processors, marketing, canning, bottling, packing and dealing in all types of agricultural products, crops, horticultural products, nursery, flowers, garden seeds, mushrooms, onion, tomato, fruits, farms products, grapes, old raisins, edible oils, dairy products, cereals, grains, commercial textures, proteins, protein concentrates, isolates, lecithin, all kinds of nuts, seeds, plant seeds and substances, pesticides, vermicompost and other environmental friendly agro chemicals. |
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 and yet to establish track. Trade relations and payments are
unknown. Initially,
the company can be considered for any business dealings on safe and secured
trade terms and conditions. |
LOCATIONS
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Registered Office : |
314,
Mahalaxmi Road, Lalchowk, Sinnar, Sinnar-Nashik- 422103, Maharashtra, India |
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Tel. No.: |
91-2551-221896
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Mobile No.: |
91-9226749556 |
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Fax No.: |
91-2551-221896 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr.
Rupesh Ramesh Jaju |
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Designation : |
Director
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Address : |
3-4,
Lalchowk, Sinnar, Dist: Nashik, Maharashtra, India |
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Name : |
Mrs.
Nirmala Ramesh Jaju |
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Designation : |
Director
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Address : |
3-4,
Lalchowk, Sinnar, Dist: Nashik, Maharashtra, India |
KEY EXECUTIVES
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Name
: |
Mr.
Rupesh Jaju |
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Designation
: |
Chief
Executive Officer |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr.
Rupesh Jaju |
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9000 |
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Mrs.
Nirmala Ramesh Jaju |
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1000 |
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Total
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10000 |
BUSINESS DETAILS
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Line of Business : |
To carry on the business of manufacturers, importers, exporters, buyers, sellers, cultivators, breeders, conservators, processors, marketing, canning, bottling, packing and dealing in all types of agricultural products, crops, horticultural products, nursery, flowers, garden seeds, mushrooms, onion, tomato, fruits, farms products, grapes, old raisins, edible oils, dairy products, cereals, grains, commercial textures, proteins, protein concentrates, isolates, lecithin, all kinds of nuts, seeds, plant seeds and substances, pesticides, vermicompost and other environmental friendly agro chemicals. |
GENERAL
INFORMATION
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No. of Employees : |
11-50
People |
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Bankers : |
Not
Available |
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Banking Relations : |
Unknown
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CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 10/-each |
Rs. 0.100 Millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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10000 |
Equity
Shares |
Rs. 10/-each |
Rs. 0.100 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
No
financials are available once incorporation of the company.
Management
remained non-cooperative during current investigation.
LOCAL AGENCY
FURTHER INFORMATION
United
Pacific Agro Private Limited is incorporated in 2004 and is bound to serve
worldwide onion industry. United pacific agro p ltd.. Is an integration of the
people who have devoted their lives in the growing, packaging, purchasing,
marketing and management of onion industry in India. They are situated in
nashik, which is heart of Indian onion industry and is biggest onion producing
part of Asia.
United
Pacific Agro Private Limited is an organized venture of dn & company
(since1952) and nmz &
company(since1981) two giant Indian domestic firms to satisfy
international customers.
They are
bound to serve gulf countries and pacific rim and also interested in making new
customer in European and American continent. They believe in long term and
transparent business relation, which are based on belief.
At present they count 500mt of daily transactions in domestic trade. Besides
two warehouses, storage & packaging infrastructure organization has
implemented successful it infrastructure also to improve speed of work.
Quality preference:
No
compromise with quality. Each consignment is inspected and certified by quality
control department before packaging to ensure quality of onions
Flexibility:
Flexible deal as
per importers requirements. Packaging, branding is done as per customers
requirement.
Cost effective solution:
Packing
of fresh onions is done mostly on farm sites to reduce handling and
transportation charges and to maintain quality of the fresh product.
Infrastructure
charges are also reduced which results in low overhead charges.
Just in one consignment you can experience cost-effectiveness and quality
provided by United pacific agro Private Limited.
R & D
Onion
industry professional team at their Nashik unit who are in touch with onion
experts of rahuri agricultural university and also with farmers in Maharashtra
state to monitor the quality of the product and hence finds ultimate solution
for maintaining international standards if onions for offshore customers.
Company
Profile
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Company
Name: |
United
Pacific Agro Private Limited |
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Country/Territory: |
India |
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Address: |
314,Mahalaxmi
Road, Lalchowk, Sinnar-Nashik, Sinnar-Nashik, Maharashtra, India |
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Products/Services They Offer: |
All
verities of Indian onions, Nashik red onions, gujrathi white onions,
Bangalore rose onions |
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Business
Type: |
Trading
Company |
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Industry
Focus: |
Spicy
Vegetables , Fresh Preserved Vegetables , |
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Geographic
Markets: |
Worldwide |
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No.
of Employees: |
11 -
50 People |
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Annual
Sales Range (USD): |
US$1
Million - US$2.5 Million |
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Certificates: |
ROC |
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Year
Established: |
2004 |
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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.99 |
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UK
Pound |
1 |
Rs.85.34 |
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Euro |
1 |
Rs.57.63 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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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 |
3 |
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--LEVERAGE |
1~10 |
- |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
1 |
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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 |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
NO |
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TOTAL |
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11 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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