MIRA
INFORM REPORT
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Report Date : |
28.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
WEIKFIELD
PRODUCTS COMPANY 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. Manufacturers of
World of Exciting Food Delicacies & Allied Products. |
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 : |
Weikfield Estate,
Nagar Road, Pune 411 014, Maharashtra, India |
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Tel. No.: |
91-20-30585568/55/26633111/
26633234 / 30585569 |
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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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CBL: |
WEPROCO |
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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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Designation : |
116, Koregaon Park, Pune-411001, Maharashtra, India |
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Address : |
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
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Satpal S. Malhotra |
|
7502 |
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Mr. Baldevraj S.
Malhotra |
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7502 |
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Mr. Mukesh S.
Malhotra |
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7502 |
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Mr. Puneet S.
Malhotra |
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7502 |
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Mr. Ashwini B.
Malhotra |
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7502 |
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Mr. Akshay
Malhotra |
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2495 |
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Mr. Ankush
Malhotra |
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2495 |
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Mohini R.
Malhotra |
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1500 |
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Kunwalmohini B.
Malhotra |
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1500 |
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Ritu M. Malhotra |
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1500 |
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Seema P. Malhotra |
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1500 |
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Priti A. Malhotra |
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1500 |
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Total |
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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. Manufacturers of
World of Exciting Food Delicacies & Allied Products. |
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Products : |
v
Mushrooms v
Processing
of Brinjals and Mango v
Baking
Powder v
Veg Jelly
Crystals v
Ice Cream
Mix v
Drinking
Chocolate v
Icing Sugar v
Beverages v 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
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Particulars |
|
Unit |
Installed
Capacity |
Actual
Production |
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Custard Powder |
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Tones |
3000 |
2000 |
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Corn Flour |
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Tones |
2000 |
1000 |
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Baking Powder / Tea |
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Tones |
3000 |
1000 |
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GENERAL
INFORMATION
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No. of Employees : |
300 |
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Bankers : |
v
Dena Bank v
Camp Branch,
Pune - 411 001, Maharashtra, India v
Canara Bank v
Hi-Tech Agri
Finance Branch, Model Colony, Pune 411016, Maharashtra, India v
Corporation
Bank v Citi Bank |
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Facilities : |
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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 |
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SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
|
5.000 |
5.000 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
124.697 |
114.437 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
|
129.697 |
119.437 |
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LOAN FUNDS |
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1] Secured Loans |
|
29.211 |
33.028 |
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2] Unsecured Loans |
|
66.815 |
34.795 |
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TOTAL BORROWING |
|
96.026 |
67.823 |
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DEFERRED TAX LIABILITIES |
|
6.017 |
6.059 |
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TOTAL |
|
231.740 |
193.319 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
42.546 |
38.424 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
424.320 |
134.486 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
38.484 |
52.457 |
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Sundry Debtors |
|
4.105 |
6.812 |
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Cash & Bank Balances |
|
1.249 |
1.198 |
|
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Other Current Assets |
|
0.000 |
0.000 |
|
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Loans & Advances |
|
70.527 |
62.568 |
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Total
Current Assets |
|
114.365 |
123.035 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
348.953 |
102.832 |
|
|
Provisions |
|
0.538 |
(0.206) |
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Total
Current Liabilities |
|
349.491 |
102.626 |
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Net Current Assets |
|
(235.126) |
20.409 |
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MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
231.740 |
193.319 |
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PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
|
237.787 |
235.941 |
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Other Income |
|
29.360 |
14.624 |
|
Total Income |
|
303.147 |
250.565 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
18.647 |
20.378 |
|
Provision for Taxation |
|
6.337 |
6.528 |
|
Profit/(Loss) After Tax |
|
12.310 |
13.850 |
|
|
|
|
|
|
Total Expenditure |
|
284.500 |
230.187 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
4.06 |
5.52 |
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|
Net Profit Margin (PBT/Sales) |
(%) |
|
7.84 |
8.63 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
(7.93) |
4.15 |
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Return on Investment (ROI) (PBT/Networth) |
|
|
0.14 |
0.17 |
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|
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|
|
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Debt Equity Ratio (Total Liability/Networth) |
|
|
2.68 |
0.17 |
|
|
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|
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|
Current Ratio (Current Asset/Current Liability) |
|
|
0.32 |
6.02 |
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 |
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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.
|
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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. |
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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 |
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5) Name and Address and description of the person entitled to the charge. |
Dena Bank, Pune
camp Branch, M. G. Road, Camp, Pune 411001 |
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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 |
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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 |
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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) |
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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.43.39 |
|
UK Pound |
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.57.60 |
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 |
|