MIRA
INFORM REPORT
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Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
VR3 EMU FARMS & HATCHERY UNIT |
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Registered Office : |
No. 51. 2nd Main
Street, Mookambigai Nagar, Nainarmandapam, Pondicherry – 605004, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
2004 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners |
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Line of Business : |
Manufacturer, Exporter and Importer of Rearing Emu Oil, Emu Leather
and Emu Eggshell. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern having satisfactory track.
Partners are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are however
reported as usually correct and as per commitments. The concern can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office/Factory/Farm : |
No. 51. 2nd Main
Street, Mookambigai Nagar, Nainarmandapam, Pondicherry – 605004, Tamilnadu |
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Tel. No.: |
91-413-2353083 |
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Mobile No.: |
91-9344628712/9442635308 |
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Fax No.: |
91-413-2353083 |
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E-Mail : |
jagan@emuvt2.com, ramu@emuvr3.com, dr@emuvr3.com, farm@emuvr3.com |
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Website : |
PARTNERS
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Name : |
Mr. Jegan Mohan |
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Designation : |
Partner |
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Name : |
Mr. Ramraaj Jegan Mohan |
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Designation : |
Partner |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Rearing Emu Oil, Emu Leather
and Emu Eggshell. |
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Products : |
v Emu Meat v Emu Oil v Emu Leather v Emu Eggs v Emu Eggshell |
PRODUCTION STATUS
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Particulars |
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Actual
Production |
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Emu Meat |
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1500 Kg per
month |
GENERAL
INFORMATION
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No. of Employees : |
10 |
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Bankers : |
ICICI Bank Limited, Pondicherry |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Memberships : |
Nil |
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Collaborators : |
Nil |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 5.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 5.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2006 |
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Sales Turnover |
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7.500 per annum |
LOCAL AGENCY
FURTHER INFORMATION
Business
They are engaged in rearing Emu for their
various bi products. They have set up the farm in 2004 and are expecting the
license for sales next month. Till now they have been selling only farm
products
As per website details
VR3 Emu Farms & Hatchery Unit was established in the year 2004 with an endeavor to be the bridge between Indian meat producers and foreign customers. Today, in such a short span they have established ourselves as the most preferred manufacturer, importer and exporter of Emu Oil, Emu Leather, Emu Meat and Emu Eggshell. By continuously dealing with international foodstuff business, they have acquired the full knowledge of related products and market development. Taking full advantages of precious experience of their quality conscious management, they provide premium quality Emu meat and products at the most affordable rates. Meanwhile, understanding the importance of health, they learned foodstuff safety standards well issued by different countries. Sticking to the principle of "Working with only High Standards", they have been able to achieve maximum degree of customer satisfaction. Their high quality products, on-time delivery and competitive prices have helped us to win the trust, confidence and support of worldwide customers.
Products
Their products are well appreciated in the worldwide market as they offer best
quality products at most competitive prices. They constantly improve their
products and services as per the market demands to give the customers
superlative quality products as per their requirements. They offer a
comprehensive range of products. Their range of products include:
v
Emu Oil
v
Emu Leather
v
Emu Meat
v
Emu Eggshell
Quality Standards
They have developed a streamlined quality control system at all levels of the
production process. All animals slaughtered at the ultra modern slaughter house
undergo compulsory and continuous postmortem inspection, performed by the
competent quality control experts. Their quality control experts ensure that
all the products are processed under the stringent international quality
standards. Their uncompromising quality standards and endeavor towards
perfection has helped us to become the most reputed manufacturer, importer and
exporter of Emu Oil, Emu
Leather, Emu Meat and Emu Eggshell.
Competitive Edge
They have built a high reputation in the international
market owing to reliable, safe and supreme quality products.
They have a close cooperation with all the well established
and renowned packaging companies which enable us to provide their customers
stable, fresh and quality products.
They constantly invest in the technological up-gradation enabling
us to offer cost effective products to their customers.
They have a dedicated and skillful staff who are specialized
in international food trading and work with utmost passion to deliver
impeccable quality products to the customers.
They offer excellent after sale services in order to attain
complete customer satisfaction.
All animals are slaughtered at the ultra modern
abattoirs-cum-meat complexes which ensure manufacturing of safe and disease
free meat.
They incorporate sophisticated warehouse which has a capability to stock large volume of orders, in order to satisfy the ever changing demands of the customers.
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Business Type |
Exporter , Manufacturer , Importer , Supplier |
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Capital in Dollars |
US $ 100,000 |
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Export Percentage |
25% |
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Import Percentage |
60% |
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Sales Volume |
US $ 150,000 |
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No of Staff |
10 |
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Year of Establishment |
2004 |
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No of Production Lines |
15 |
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Investment on Manufacturing Equipment |
US $25,000 |
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OEM Service Provided |
No |
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Monthly Production Capacity |
1500 Kg Meat |
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Product Range |
VR3 EMU, EMU, EMU OIL, OIL, MEAT, EMU MEAT, EMU MEAT, RED MEAT, LEATHER, EMU SKIN, EMU LEATHER PRODUCTS, EMU LEATHER, EMU CHICK, EMU HATCHERY, HATCHERY, EMU FARM, FARM EGGS, EGGSHELL, EMU EGG, EMU EGGSHELL PAIN RELIEVER ,INCUBATER, EMU IN INDIA, INDIA EMU,EMU FEATHER, EMU TONS, FEATHER, LEATHER PRODUCTS, OIL PRODUCTS. |
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.43.63 |
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UK Pound |
1 |
Rs.85.58 |
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Euro |
1 |
Rs.58.08 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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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 |
YES |
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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 |
YES |
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TOTAL |
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30 |
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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