MIRA
INFORM REPORT
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Report Date : |
28.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
WEIKFIELD
PRODUCTS COMPANY (INDIA) PRIVATE LIMITED |
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Registered Office : |
Weikfield Estate, Nagar Road, Pune 411 014, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
19.01.1972 |
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Com. Reg. No.: |
11-15563 |
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CIN No.: [Company
Identification No.] |
U29219MH1972PTC015563 |
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Legal Form : |
Private
Limited Liability Company. |
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Line of Business : |
Manufacturers,
Distributors, Exporters and Importers of Baking Powder, Custard Powder, Jelly
Crystals, Corn flour, etc. |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 500000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
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Comments : |
Subject
company is owner of "Weikfield" brand, which has been well received
among consumers. Subject is a
well-established and reputed company having satisfactory track. Directors are reported as experienced,
respectable and resourceful businessmen.
Their trade relations are reported as fair. Financial position is good.
Payments are usually correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office/ Factory : |
Weikfield Estate, Nagar Road, Pune 411 014, Maharashtra, India |
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Tel. No.: |
91-20-30585568/55/26633111/ 26633234 |
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Mobile No. : |
91-9822022080 |
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Fax No.: |
91-20-26633380 / 26632977/26680380 |
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E-Mail : |
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Website : |
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Area : |
351.875
sq. mtrs. [Factory - 10175.878 sq. mtrs.] |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr.
Satpal P. Malhotra |
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Designation : |
Chairman cum Managing Director |
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Address : |
116, Koregaon Park, Nagar Road, Pune -
411014, Maharashtra, India |
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Date of Birth/Age : |
22.05.1927 |
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Qualification : |
B. Com |
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Experience : |
55 years |
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Date of Appointment : |
19.01.1972 |
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Name : |
Mr.
Baldevraj Sitaram Malhotra |
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Designation : |
Director |
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Address : |
116, Koregaon Park, Nagar Road, Pune -
411014, Maharashtra, India |
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Date of Birth/Age : |
21.01.1934 |
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Qualification : |
B. Com |
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Experience : |
52 years |
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Date of Appointment : |
19.01.1972 |
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Name : |
Mr.
Mukesh S. Malhotra |
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Designation : |
Managing Director |
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Address : |
A-9, Forest Park, Nagar Road, Pune-411014,
Maharashtra, India |
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Date of Birth/Age : |
12.06.1952 |
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Qualification : |
B. E. [Mech.] |
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Experience : |
35 years |
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Date of Appointment : |
21.02.1972 |
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Name : |
Mr.
Puneet S. Malhotra |
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Address : |
116, Koregaon Park, Pune-411001,
Maharashtra, India |
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Designation : |
Director |
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Date of Birth/Age : |
20.02.1954 |
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Date of Appointment : |
08.11.1972 |
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Name : |
Mr.
Ashwini B. Malhotra |
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Designation : |
Executive Director |
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Address : |
A-8, Forest Park, Nagar Road, Pune-411014,
Maharashtra, India |
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Date of Birth / Age : |
46 years |
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Qualification : |
M.B.A. |
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Experience : |
27 years |
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Name : |
Mr.
Akshay Malhotra |
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Designation : |
Director (Marketing) |
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Address : |
12, Pushpak Society, Kalyani Nagar,
Pune-411014, Maharashtra, India |
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Date of Birth / Age : |
30 years |
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Qualification : |
Industrial Engineering |
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Experience : |
7 years |
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Name : |
Mr.
Ankush Malhotra |
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Designation : |
Director (R & D) |
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Address : |
115, Koregaon Park, Pune-411001,
Maharashtra, India |
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Date of Birth / Age : |
28 years |
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Qualification : |
B. Tech [Food Technology] |
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Experience : |
7 years |
KEY EXECUTIVES
|
Name
: |
Kauj
& Associates |
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Designation
: |
Company
Secretary |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
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Mr. Satpal S. Malhotra |
7502 |
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Mr.
Baldevraj S. Malhotra |
7502 |
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Mr.
Mukesh S. Malhotra |
7502 |
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Mr.
Puneet S. Malhotra |
7502 |
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Mr.
Ashwini B. Malhotra |
7502 |
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Mr.
Akshay Malhotra |
2495 |
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Mr.
Ankush Malhotra |
2495 |
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Mohini
R. Malhotra |
1500 |
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Kunwalmohini
B. Malhotra |
1500 |
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Ritu
M. Malhotra |
1500 |
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Seema
P. Malhotra |
1500 |
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Priti
A. Malhotra |
1500 |
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Total |
50000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers,
Distributors, Exporters and Importers of Baking Powder, Custard Powder, Jelly
Crystals, Corn flour, etc. |
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Products : |
―
Mushrooms ―
Processing
of Brinjals and Mango ―
Baking
Powder ―
Veg
Jelly Crystals ―
Ice
Cream Mix ―
Drinking
Chocolate ―
Icing
Sugar ―
Beverages
―
Organic
Tea |
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Brand Names : |
WEIKFIELD |
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Agencies Held : |
St.
Dalfour, France Liberty
Gold Fruit Company, U.S.A. |
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Exports
: |
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Products : |
Baking
Powder, Tea Bags in flavours, Corn Flour, Custard Powder, Icing Sugar,
Glucose Powder, Jelly Crystals, Cremelle, T-lite, Scouring Powder, Mushrooms,
Sauces, Vada Mix, Callaloo, Ragi Malt, Envelope Paper, etc. |
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Countries : |
Nigeria,
Ghana, Togo, Canada, Malaysia, U.S.A., Australia, Germany, Hungary, Dubai,
U.K., Bahrain and Sri Lanka |
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Imports
: |
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Countries : |
France,
Middle East and USA |
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Terms : |
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Selling : |
L/C,
Cash and Credit [60 days] |
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Purchasing : |
L/C, Cash,
D/A and Credit [30 / 60 / 90 days] |
PRODUCTION
STATUS
|
Particulars |
Units |
Installed Capacity |
Actual Production |
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Custard Powder |
Tones |
3000 |
2000 |
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Corn Flour |
Tones |
2000 |
1000 |
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Baking Powder / Tea |
Tones |
3000 |
1000 |
GENERAL
INFORMATION
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No. of Employees : |
300 |
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Bankers : |
Ψ
Dena
Bank Camp Branch, Pune - 411 001,
Maharashtra, India Ψ
Canara
Bank Hi-Tech Agri Finance Branch, Model Colony, Pune 411016,
Maharashtra, India Ψ
Corporation
Bank Ψ
City
Bank |
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Banking Relations : |
Satisfactory |
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Auditors : |
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Name : |
Khandelwal
Jain and Associates Chartered
Accountants |
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Address : |
First Floor,
Alankar Cinema Building, Pune 411001, Maharashtra, India |
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Memberships : |
Confederation
of Indian Industry |
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Collaborators
: |
Charles
Jacquinet Cie Inc, USA Frankling
Mushroom Farms, USA St.
Dalfour Fruit Conserves, France |
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Sister Concerns : |
Eco Valley Farms and Foods Limited Gat
No. 323/331, Village Bakori, District Pune, Maharashtra, India Tel.
No. : 91-20-27051529/30 Line
of Business : Mushrooms Weikfield Agro Products Private Limited Weikfield
Estate, Nagar Road, Pune 411 014, Maharashtra, India Tel.
No.: 91-20-26680111/ 26680112 Fax
No.: 91-20-26680380 Farm & Factory : GAT
NO.323/331,Village Bakori, Taluka Haveli, Pune-412 207 TEL 7051530/7051529 Website : http://www.wagro.com Weikfield Mnemonix InfoNetworks 116,
Koregaon Park Hotel, Green Plaza Lane, Pune 411 011, Maharashtra, India Tel.
No.: 91-20-26131072/ 26138717 Email:
wmi@weikfield.com Website:
http://www.wminet.net Weikfield Computer Academy 116, Koregaon Park Hotel, Green
Plaza Lane, Pune 411 011, Maharashtra, India Tel.
No.: 91-20-26131072/ 26138717 Email: wmi@weikfield.com
/ wca@wminet.net Website:
http://www.wminet.net Weikfield Overseas Limited [BVI] |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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|
SHAREHOLDERS FUNDS |
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|
|
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1] Share Capital |
5.000 |
5.000 |
5.000 |
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2] Reserves & Surplus |
124.697 |
114.437 |
106.691 |
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NETWORTH |
129.697 |
119.437 |
111.691 |
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LOAN FUNDS |
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1] Secured Loans |
29.211 |
33.028 |
49.644 |
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2] Unsecured Loans |
66.814 |
34.795 |
28.545 |
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TOTAL BORROWING |
96.025 |
67.823 |
78.189 |
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DEFERRED TAX LIABILITIES |
6.017 |
6.058 |
0.000 |
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TOTAL |
231.739 |
193.318 |
189.880 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
42.547 |
38.424 |
38.695 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
424.320 |
134.486 |
130.287 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
38.484
|
52.457
|
43.873
|
|
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Sundry Debtors |
4.105
|
6.811
|
2.084
|
|
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Cash & Bank Balances |
1.248
|
1.198
|
2.175
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
70.527
|
62.568
|
63.110
|
|
Total Current Assets |
114.364
|
123.034 |
111.242 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
348.954
|
102.832
|
|
|
|
Provisions |
0.538
|
[0.206]
|
|
|
Total Current Liabilities |
349.492
|
102.626 |
90.344
|
|
|
Net Current Assets |
[235.128]
|
20.408 |
20.898
|
|
|
|
|
|
|
|
|
TOTAL |
231.739 |
193.318 |
189.880 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other
income] |
303.153 |
250.565 |
305.951 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
18.647 |
20.378 |
52.401 |
|
Provision
for Taxation |
0.538 |
0.000 |
4.977 |
|
Profit/(Loss)
After Tax |
12.394 |
20.378 |
47.424 |
|
|
|
|
|
|
Export
Value |
77.733 |
47.109 |
53.898 |
|
|
|
|
|
|
Import
Value |
15.394 |
14.492 |
15.279 |
|
|
|
|
|
|
Total
Expenditure |
284.509 |
237.694 |
253.550 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
4.08
|
8.13
|
15.50
|
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
6.15
|
8.13
|
17.13
|
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
11.88
|
12.62
|
34.95
|
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
0.14
|
0.17
|
0.47
|
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
3.43
|
1.42
|
1.51
|
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
0.32
|
1.19
|
1.23
|
LOCAL AGENCY
FURTHER INFORMATION
Business
To
engage in and carry on the business of manufacturing distributing and selling
exporting as also of dealing in all
types of edible commodities and products including Tea, Coffee, Instant
Tea, Ready Tea, Ready Tea mixed, Coffee Mixed Powders, Instant Coffee, Custard
Powder, Varity Custard Powder, Corn Flour, Blancmange, Jelly Crystalls,
Chocolate Power, Arrowroot, the edible powders with Pineapple, Lemon Orange and
other fruit flavouring and other Essences, Essential Oils, etc.
Trade
Reference :
>
Riddhi Siddhi Gluco Biols Limited
701, Sakar I, Ashram Road, Ahmedabad
380009, Gujarat, India
Tel. No. : 91-79-26581000
>
Western Cans Private Limited
110, Sangeet Plaza, Marol, Andheri [East],
Mumbai 400059, Maharashtra, India
Tel. No. : 91-22-28560909
Property:
Freehold
Land, Furniture and Fixtures, Building, Lab and office equipments, Plant and
Machinery, Vehicles
Bankers
Charges Report as per Registry
|
Name of the company |
WEIKFIELD PRODUCTS COMPANY INDIA PRIVATE
LIMITED |
|
Presented By |
DENA BANK, PUNE CAMP BRANCH, PUNE 411001 |
|
1) Date and description of instrument creating the change |
Certified
true copy of Agreement of Hypothecation of Movable Plant, Machineries, etc.
dated 07.08.2000 and Foreign Bill Form also dated 07.08.2000 Both
the documents to constitute a single charge.
|
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.
6.000 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
All
the tangible movable properties and assets of the borrower of whatsoever
nature including moveable plant, machinery tools and accessories stores and
spares relating to plant and machinery, furniture, articles, things, being
moveable properties capable to passing by delivery both present and future
whether installed or not time brought into or upon or at time in the course
of transit to the premises, factories and godowns of the borrower either by
way of substitution or in addition of other places whatsoever and wherever in
the possession or occupation of the borrower or on behalf of the borrower or
whatsoever the same may be or in transit or delivery the main items whereof
as under. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Terms
and conditions as per Clause Nos. 1 to 19 of the Hypothecation agreement
enclosed at Sr. No. B The
charge to cover following credit facility. Foreign Bills Purchased Rs. 6.000
Millions |
|
5) Name and Address and description of the person entitled to the charge. |
Dena
Bank, Pune camp Branch, M. G. Road, Camp, Pune 411001 |
|
6) Date and brief description of instrument modifying the charge |
Certified
true copy of attested memorandum of modification of hypothecation agreement
from companies dated 14.08.2003 Certified
true copy foreign bill form dated 14.08.2003 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The
foreign bills purchased limit has been increased from Rs. 15.000 Millions to
Rs. 17.500 Millions i.e. increase by Rs. 2.500 Millions. |
|
Name
of the company |
WEIKFIELD PRODUCTS COMPANY (INDIA) PRIVATE LIMITED |
|
Presented
By |
DENA
BANK, PUNE CAMP BRANCH, PUNE-411001 |
|
1) Date and description of instrument creating the change |
a) Certified True Copy of the Agreement of Hypothecation of Goods, Book-debts and Other Movable Assets dated 7th August, 2000. (Both the documents to constitute a single charge) |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 0.200 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
GOODS Stock of raw materials, such as stocks in process and finished goods such as stock-in-trade etc., stores and spares, packing material etc. consumable stores and spares, packing material etc. both present and future, now being or hereafter during the continuance of the Agreement brought into or upon or now or hereafter in course of transit to any godowns, jathas or other place of storage or occupation of borrower. MOVABLE AND OTHER ASSETS a. All the tangible moveable properties and assets of the borrower of whatsoever nature including moveable plant, machinery, tools and accessories stores and spares relating to plant and machinery, furniture, articles, office equipments, computers and things belonging to the borrower and lying and being at their premises/ factories at Pune being moveable properties and capable of passing by delivery- both present and future whether installed or not and whether not lying loose or in cases and now being or at any time brought into or upon or at time in the course of transit to the premises, factories of the borrower at Pune either by way of substitution or by addition or other places whatsoever in the possession or occupation of the borrower (hereinafter referred to as the said assets). BOOK-DEBTS All the present and future Book-debts, outstanding, moneys, receivables, claims, bill rights to or in moveable properties and moveable assets and which are now due, owing or payable or belonging to the Borrower may at any time hereafter during the continuance of the Agreement become due, owing, payable or belonging to the Borrower in course of its business by any person, firm, company, Body corporate or by the Government Department, Central Department or office or any Municipal or local or public or semi-government body or authority or any Body Corporate or undertaking or Project or whatever in Public Sector. a. All the tangible moveable properties and assets of the borrower of whatsoever nature including moveable plant, machinery, tools and accessories stores and spares relating to plant and machinery, furniture, articles, things being moveable properties capable of passing by delivery- both present and future whether installed or not and whether now lying loose or in cases and now being or at any time brought into or upon or at time in the course of transit to the premises, factories and godowns of the borrower either by way of substitution or in addition or other places whatsoever in the possession or occupation of the borrower or on behalf of the borrower or whatsoever the same may be or in transit or delivery the main items whereof as under. As per THE SCHEDULE on page No.14 of the enclosed Agreement at Sr. No. b |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Terms and conditions as per Clause Nos. 1 to 17 of the Hypothecation Agreement enclosed. The charge to cover the Non-fund based facility of Bank Guarantee (Performance/ financial) to the extent of Rs.0.200 millions (as per document at Sr. No. a) |
|
5) Name and Address and description of the person entitled to the charge. |
Dena Bank Pune Camp Branch M. G. Road, Camp Pune-411001 |
|
6) Date and brief description of instrument modifying the charge |
Certified true copy of Hypothecation of Movables Plant. Machineries etc. (to secure working capital facilities) dated 14th August, 2003 |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Bank Guarantee facilities of Rs. 4.000 millions are further collaterally secured by charge on all tangible moveable properties and assets of the borrower of whatsoever nature including plant, machinery, tools and accessories, stores and spares relating to plant and machinery, furniture, articles, things belonging to the borrower and lying at their premises/factories at Weikfield Estate, Nagar Road being moveable properties capable of passing by delivery both present and future-whether installed or not and whether lying loose or in cases and now being or at any time hereinafter during the continuance of this agreement brought into or upon or at time in the course of transit to the premises, factories of the borrower at Nagar Road, Pune, either by way of substitution or in addition or other places whatsoever in the possession or occupation of the borrower and more particularly described in schedule of enclosed Agreement. (Hereinafter referred to as the THIRD MODIFICATION) |
Subject
started in 1956 with the manufacturing of custard powder & cornflower.
Weikfield
International Corporation (WIC) merged in Weikfield Products Company (India)
Private Limited from July 2002. Thus,
WIC ceased to exist.
As Per Web:
Weikfield Products Company (India) Private Limited started in 1956 with the manufacturing of Custard Powder and Corn Flour. Today Weikfield brand is associated with a versatile range of processed food products like Custard Powder, Jelly Crystals, Baking Powder, Drinking Chocolate, Cream Caramel, Chutneys, Sauces and Natural Ayurvedic Health Foods. The real innovation of the company has been in the creation of various sizes and types of packs that suit the needs of every consumer.
All this has been achieved with a lean manufacturing force of only 300, supported by a marketing and sales staff of 60 all over the country. Weikfields wide distribution set-up, which includes 20 C and F Agents, 1200 distributors and over 200,000 retail outlets across the country, ensures the prominence of its brand. The company also has a 5- person, international sales and marketing team who ensure the presence of Weikfield products in 27 nations around the world.
Weikfield, Manufacturing of
value-added General food products in the following product categories:-
Baking
Powder
Cornflour
Custard Powder
Cremelle
Freeze Ice Cream Mix
Drinking Chocolate
Vegetarian Jelly Crystals
Glucovin-D
Compounded Mustard powder
Icing Sugar
Wepstar
Weikfield, Marketing of following products produced in a 100%
E.O.U Agro plant of Weikfield Agro Products
Limited
Fresh Button Mushrooms
Peprico
Red Pepper Sauce
Red Chilli Sauce
Green Chilli Sauce
Garlic Chilli Sauce
Soya Sauce
Worcestershire Sauce
Sweet Chilli Sauce
Canned Mushrooms
Tutti Fruti
Chutneys
Mustard Paste Traditional English
Marketing of
International quality, Imported food products in the following product
categories:-
St.
Dalfour Fruit Preserves
Weikfield White Oats
LIBERTY gold Corn Kernels
Campbells Soups
Prego Pasta Sauces
V8 Juice
Name and Addresses of C & F Agents
|
M/S Shree
hanuman Trading Company J 137,
Cloth Market, Pandri, Raipur 492 004 ( Chattisgarh ) Tel No. ;
91-771 654591 |
M / S
Jupiter Marketing 163, Wall
Tax Road, Park Town, Chennai
600 003 Tel No.
91-44 8250623 |
|
M/ S Malla
& Malla Impex G A-1-67,Dugam
Vhil, New Road
Gate, W. No. 24, Kathmandu, Nepal Tel No.
009771- 254825 |
M/S Rishabh
Enterprises Beside
Sangi Hotel, Hotel Satkar Complex Fraser
Road, Patna 1 ( Bihar ) Tel No.
91-612 238249 |
|
M/S Gurnani
Associates B 5/ 30, Blunt
Square, Near kanpur Taxi Stand, Lucknow
226 004. Tel No.
91-522 453357 |
M/S Life
Care C & F
Agent & Distributors, 412 / 2, Dewas Naka, A.B.Road, Near Diamond Petrol Pump Indore
452 010 Tel No.
91-731- 221793/4 |
|
M/S Simran
Marketing C/O H.S>
Kohli, J- 204, Ground Floor Rajouri Garden, Near Post Office Delhi 110
027 Tel No.
91-11- 5413234 |
M/S Ankur
Sales Agency Deepsons, A
238, Malviya Nagar Jaipur -
#02017 Tel No.
91-141- 522213 |
|
M/S Mahajan
Marketing F- 45, Venkusauji
Lane, Chickpet Cross, Banglore
560053 Tel No.
91-80- 2258312 |
M/S J.B.
Shah & Company 10, Neptune
Tower, Opp. Nehru Bridge, Ahmedabad
380 009 Tel No.
91-79- 467853 |
|
M/S General
Agencies, Kamrup
Chamber Road, Fancy Bazar, Guwahati 781001 Tel No.
91-361 521132 |
M/S Kapco
traders,
S.C.O.
No.6-7 ( basement ) Sector
17A Chandigarh
160017 (N) Tel No.
91-172 701509 |
|
13. M/S
Kapco Agencies C- 16,
Surya Nagar ( Basement ) Sahibabad
District, Gaziabad, ( U.P ) Tel No. 91-120-4623013 |
14
M/S Hindustan Agencies Station
Square, Unit III, Bhubaneshwar 751001 (Orissa) Tel No.
91-674 534798, 534316 |
|
15
M/S Laxmi Glucose Agencies 15-4-599/1,
Afzal Gunj Road, Hyderabad
500012 ( A.P ) Tel No. 040
4740894 |
16
M/S Garg International Corporation 2nd
Floor, Flat No. 202, 28/2, Shakespear Sarani, Calcutta
17 Tel No.
91-33 2813970/1/2 |
|
17 M/S Basant Agencies North
Market Road By Lane, Ekta Complex Ranchi (
Bihar ) Tel No.
91-651 312528 |
18
M/S Sri Bhagavathy Traders 44/1316 A
& B, ashoka Road
|
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 Intl 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
companys 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.44.28 |
|
UK
Pound |
1 |
Rs.86.62 |
|
Euro |
1 |
Rs.58.32 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
6 |
|
OPERATING
SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT
POINTS |
|
|
|
--BANK
CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER
ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT
POINTS |
|
|
|
--SOLE
DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT
ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
This score serves as a reference to assess SCs 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 |
|
NR |
In
view of the lack of information, we have no basis upon which to recommend
credit dealings |
No Rating |
|
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions