MIRA
INFORM REPORT
|
Report Date : |
09.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
UNITED AGRO BIOTEEK PRIVATE LIMITED
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Registered Office : |
203/204, Shivalaya Tower, 90th Feet Road, Thakur Complex, Kandivali
[East], Mumbai – 400101, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 [Provisional] |
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Date of Incorporation : |
07.11.2003 |
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Com. Reg. No.: |
11-143035 |
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CIN No.: [Company
Identification No.] |
U01100MH2003PTC143035 |
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IEC No.: |
0303067209 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMU03466B |
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PAN No.: [Permanent
Account No.] |
AAACU6537F |
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TIN No.: |
27060403047 C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and repacking in Organic Farming and other agricultural
Products and Trading Activities |
RATING &
COMMENTS
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MIRA’s 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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having satisfactory
track. Trade relations are fair. Business is active. Payments are reported as
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
|
Name : |
Mr. Ashok Jain |
|
Designation : |
Director |
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Contact No.: |
91-9833536644 |
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Date : |
08.08.2008 |
LOCATIONS
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Registered Office : |
203/204, Shivalaya Tower, 90th Feet Road, Thakur Complex,
Kandivali [East], Mumbai – 400101, Maharashtra, India |
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Tel. No.: |
91-22-66990653 / 25402757 / 30940255 |
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Mobile No.: |
91-9833536644 / 9833536641 |
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Fax No.: |
91-22-66990653 / 28706043 |
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E-Mail : |
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Website : |
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Area : |
786 sq. ft. Carpet Area [Owned] Rs. 20000/- Per Months |
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Corporate Office : |
210/ 213, Dhanlaxmi Service
Industrial Estate, Goku Nagar, Thane - 400601, Maharashtra, India |
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Tel. No.: |
91-22-21722757/59/21721500/
66990653/25446520 |
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Mobile No.: |
91-919833536644 / 9833536641 |
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Fax No.: |
91-22-25446516/21721499
[Extn.25/23] |
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E-Mail : |
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Factory 1 : |
F3/F4, Actual Industrial Complex, Village Vadavali, Kundla Road, Post
Uchat, Taluk Wada, District Thane, Maharashtra |
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Area : |
3080 sq. ft. Carpet Area [Owned] |
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Factory 2 : |
Actual Industrial Complex, Village Vadavali, Kundla Road, Post Uchat,
Taluk Wada, District Thane, Maharashtra |
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Area : |
1520 sq. ft. [Rented] |
DIRECTORS
|
Name : |
Dr. Ashokkumar U. Jain |
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Designation : |
Director |
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Address : |
203-204, Shivalaya Towers, 90 Ft Dp Road, Thakur Complex, Kandivali
[East], Mumbai |
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Date of Birth/Age : |
20.10.1955 |
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Qualification : |
PHD Tech |
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Experience : |
25 Years |
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Date of Appointment : |
10.03.2004 |
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Name : |
Mrs. Shobha A. Jain |
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Designation : |
Director |
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Address : |
203-204, Shivalaya Towers, 90 Ft Dp Road, Thakur Complex, Kandivali
[East], Mumbai |
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Date of Birth/Age : |
20.10.1960 |
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Qualification : |
MSC Chem |
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Experience : |
16 Years |
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Date of Appointment : |
07.11.2003 |
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Name : |
Ms. Chetna Sunil Suri |
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Designation : |
Director |
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Address : |
B-601, Panaroma Towers, 120 Ft D.P. Road, Mr. Amarnath Tower, Versova,
Andheri [East], Mumbai – 400061, Maharashtra, India |
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Date of Birth/Age : |
14.09.1965 |
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Date of Appointment : |
07.11.2003 |
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Date of Ceasing : |
10.03.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 15.10.2004
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Parthasarathy |
|
100 |
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Madhavi Vinay Joshi |
|
100 |
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Uma Jagdish Joshi |
|
100 |
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Vinita Haresh Bhatia Joint with Bhatia C. Haresh |
|
100 |
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Rakesh Kailash Jain |
|
100 |
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Deepali Rakesh Jain |
|
100 |
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Anita Sanjay Jain |
|
100 |
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Umaraomal Bhuralal Jain |
|
100 |
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Shashi Vinayak Sharma |
|
100 |
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Arpit Ashok Jain |
|
100 |
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Vinay Jagdish Joshi |
|
100 |
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Jagdish Ramanlal Joshi |
|
100 |
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Sanjay Kailash Jain |
|
100 |
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Vinayak Sharma |
|
100 |
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Anil Dattatrey Musale |
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100 |
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Aparna Anil Musale |
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100 |
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Geeta Nanalal Sheth |
|
100 |
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Bhavesh Bharat Parikh |
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100 |
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Shobha Ashokkumar Jain |
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5000 |
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Ashokkumar Jain |
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20000 |
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Rameshkumar Shreegopal Kabra |
|
100 |
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Nalini Shashikant Dave |
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100 |
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Shashikant Bhaishankar Dave |
|
100 |
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Shashikala Rameshkumar Kabra |
|
100 |
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Vimladevi Shreegopal Kabra |
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100 |
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Swati Ashok Jain |
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100 |
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Puneet Ramesh Kabra |
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100 |
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Karan Ramesh Kabra |
|
100 |
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Total |
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27600 |
AS ON 29.09.2007
|
Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
|
48.23 |
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Other top fifty shareholders |
|
51.77 |
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TOTAL
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|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and repacking in Organic Farming and other agricultural
Products and Trading Activities |
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Products : |
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Agencies Held : |
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Exports : |
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Countries : |
Sri Lanka |
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Imports : |
UK and China |
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Terms : |
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Selling : |
Credit 90 days |
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Purchasing : |
Credit 90 days |
PRODUCTION STATUS
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Particulars |
Unit |
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Actual
Production |
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Humic acid granules |
Mtpa |
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|
1200 |
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Liquids |
Mtpa |
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|
150 |
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Blending |
Mtpa |
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2 |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
12 [In Office : 05; In Factory : 06 and In Branch : 01] |
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Bankers : |
Corporation Bank, Yoginagar Borivali [West], Mumbai - 400091 |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Haresh Bhatia and Company Chartered Accountants |
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Address : |
Block No. 73/2, Opp. Shivaji Chowk, Main Road, Mulund Colony, Mulund
[West], Mumbai – 400082, Maharashtra,
India |
CAPITAL STRUCTURE
AS ON 15.10.2004
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
56700 |
Equity Shares |
Rs. 10/- each |
Rs. 0.567
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 [Provisional] |
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.567 |
0.537 |
0.537 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.940 |
0.144 |
0.136 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1.507 |
0.681 |
0.673 |
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LOAN FUNDS |
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1] Secured Loans |
10.082 |
1.006 |
1.023 |
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2] Unsecured Loans |
0.000 |
7.805 |
6.205 |
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TOTAL BORROWING |
10.082 |
8.811 |
7.228 |
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DEFERRED TAX LIABILITIES |
0.061 |
0.061 |
0.057 |
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TOTAL |
11.650 |
9.553 |
7.958 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.011 |
2.858 |
2.974 |
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Capital work-in-progress |
0.000 |
0.318 |
0.000 |
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INVESTMENT |
0.006 |
0.006 |
0.005 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
5.834 |
4.006 |
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Sundry Debtors |
|
6.287 |
5.196 |
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Cash & Bank Balances |
14.767
|
0.038 |
0.025 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
0.325 |
0.277 |
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Total
Current Assets |
14.767
|
12.484 |
9.504 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
6.142
|
5.846 |
4.398 |
|
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Provisions |
0.000
|
0.275 |
0.144 |
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Total
Current Liabilities |
6.142
|
6.121 |
4.542 |
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Net Current Assets |
8.625
|
6.363 |
4.962 |
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MISCELLANEOUS EXPENSES |
0.008 |
0.008 |
0.017 |
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TOTAL |
11.650 |
9.553 |
7.958 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2008 [Provisional] |
31.03.2007 |
31.03.2006 |
|
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Sales Turnover |
26.969 |
14.473 |
13.555 |
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Other Income |
1.020 |
1.426 |
3.441 |
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Total Income |
27.989 |
15.899 |
16.996 |
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Profit/(Loss) Before Tax |
0.917 |
0.166 |
0.661 |
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Provision for Taxation |
0.000 |
0.083 |
0.117 |
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Profit/(Loss) After Tax |
0.917 |
0.083 |
0.544 |
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Export Value |
NA |
NA |
3.437 |
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Imports : |
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Raw Materials |
NA |
2.158 |
N A |
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Stores & Spares |
NA |
0.019 |
NA |
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Others |
NA |
5.693 |
NA |
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Total Imports |
NA |
7.870 |
NA |
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Expenditures : |
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Raw Materials Consumed |
0.000 |
3.254 |
4.263 |
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Cost of Goods Sold |
21.608 |
0.000 |
0.000 |
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Packing Material |
0.000 |
0.213 |
0.390 |
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Trading Purchases |
0.000 |
7.888 |
7.447 |
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Employee Cost |
2.023 |
1.812 |
1.558 |
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|
Increase/(Decrease) in Finished Goods |
0.000 |
[0.352] |
[0.885] |
|
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Administrative , Selling and Distribution
Expenses |
1.206 |
1.571 |
2.406 |
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Depreciation |
0.379 |
0.380 |
0.367 |
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Interest and Finance Cost |
1.069 |
0.967 |
0.788 |
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Other Expenditure |
0.787 |
0.000 |
0.000 |
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Total Expenditure |
27.072 |
15.733 |
16.334 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2008 [Provisional] |
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
3.28
|
0.52 |
3.20 |
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Net Profit Margin (PBT/Sales) |
(%) |
3.40
|
1.15 |
4.88 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.16
|
1.08 |
5.30 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.61
|
0.24 |
0.98 |
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Debt Equity Ratio (Total Liability/Networth) |
|
10.77
|
21.93 |
17.49 |
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Current Ratio (Current Asset/Current Liability) |
|
2.40
|
2.04 |
2.09 |
LOCAL AGENCY FURTHER
INFORMATION
Trade Reference
Tropical Agrosystems [India] Private Limited,
Chennai
Mr. Mohan Kumar 91-9382130005
Apar Industries, Mumbai
Mr. B. B. Shinde – 91-22-25261277
Degussa [India], Andheri Mumbai
Mr. Pathak – 91-9820159535
Details of Fixed Assets
- Land and Building : Rs.
1.904 Millions
- Plant and Machinery : Rs.
0.736 Million
- Furniture and Fixture : Rs.
0.008 Million
- Other Assets : Rs.
0.209 Million
- Computer
- Electrical Installation
Personal Assets of the Director
|
Name |
Description of the Assets owned by them |
Rs. In Millions |
Whether offered as Security |
|
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Ashok and Shobha Jain |
Flat at Shivalaya, Kandivli |
224050.000 |
NO |
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Shobha Jain |
Flat at Shweta, Kandivali |
29500.000 |
NO |
Financial Analysis
|
Last available financial statement |
31st March 2007 |
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Debtors Position |
Rs. 3.665 Millions |
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Creditors Position |
Rs. 0.366 Million |
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Stock Position |
Rs. 4.894 Millions as on 30.06.2008 |
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Drawing Power |
Rs. 2.500 Millions C C |
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|
Whether the critical ratios conforms to the
bench mark stipulation |
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Other Particulars
|
Months [during the current year] |
Purchases |
Sales |
|
April 2008 |
0.247 |
0.203 |
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May 2008 |
3.059 |
4.316 |
|
June 2008 |
4.158 |
6.474 |
|
July 2008 |
1.064 |
3.034 |
STATEMENT OF ASSETS AND LIABILITIES
United Agro
Bioteek Private Limited
|
Name of the owner |
Description of property |
Location |
Type of property |
Original purchase Cost |
|
United Agro Bioteek Private Limited
|
Factory Premises |
F3/F4, Actual
Industrial Complex, Village Vadavali Kundala Road, Post Uchat Taluka
Thane |
Industrial |
Rs. 2.552 Millions |
Government Securities / National Saving Certificates / Shares of listed
companies /units of Unit Trust of India etc.
|
Description of security |
Market value |
|
NSC |
Rs. 5832/- |
Others Assets
|
Nature / Details |
Market Value of assets |
|
Fixed Assets |
Rs. 1.175 millions |
|
Current Assets |
Rs. 14.767 Millions |
|
Misc Expenses |
Rs. 0.008 Million |
Liabilities
|
Name of the Institutions /
Bank |
Details of nature of extent of credit / facilities enjoyed |
|
|
Corporation Bank, Yoginagar, Borivali [West] |
CC Limit |
Rs. 1.196 Millions |
Borrowing from others
|
Name of the Lender |
Amount borrowed |
|
|
|
|
Loan from Shareholders |
Rs. 8.886 Millions |
Other liabilities
|
Nature of liability |
Rs in Millions |
|
Capital Account |
|
|
Current Liabilities |
Rs. 6.142 Millions |
|
Deferred Tax Liability |
Rs. 0.061 Millions |
Total Liabilities : Rs. 16.286 Millions
Net Worth : Rs. 1.507 Millions
Dr. Ashokkumar Jain
Deposits held with
Banks
|
Name of the Bank |
Nature of Deposits
Held |
Amount of deposits |
|
State Bank of India |
PPF |
Rs. 0.751 Million |
|
Cash at Corporation |
Bank Balance |
Rs. 0.075 Million |
|
Cash at HDFC |
Bank Balance |
Rs. 0.005 Million |
|
Cash at OBC |
Bank Balance |
Rs. 0.004 Million |
|
Cash at Axis |
Bank Balance |
Rs. 0.003 Million |
Deposits held with
Companies / others
|
Name of the Company
|
Nature of Deposits |
Amount of Deposits |
|
United Agro Bioteek Private Limited |
Loan |
Rs. 1.844 Millions |
|
Sorbe Biotechnology [India] Private Limited |
Loan |
Rs. 0.176 Million |
|
Dr. Ramesh Kabra |
Loan |
Rs. 0.100 Million |
|
Mr. Vinay Joshi |
Loan |
Rs. 0.100 Million |
Immovable Properties
|
Name of the owner |
Description of
property |
Location |
Type of property
i.e. whether residential agricultural
/ industrial / commercial etc. |
Present market
value |
|
Dr. Ashok Jain |
Flat at Shivalaya |
203/204, Shivalaya Tower, Thakur Complex, Kandivali |
Self Occupied |
Rs. 0.976 Million |
Government securities
/ National Savings Certificates / Shares of listed Companies / Units of Unit
Trust of India etc.
|
Description of security
|
Face value [Rs.] |
Market value |
|
18500 Shares |
RS. 10/- |
Rs. 0.185 Million |
|
10100 Shares |
RS. 10/- |
Rs. 0.101 Million |
|
Share Application Money |
|
Rs. 0.026 Million |
|
Post office MIS |
|
Rs. 0.100 Million |
Total Assets : Rs. 4.445 Millions
Credit limits /
facilities with Financial Institutions and Banks
|
Name of the
Institution / Bank |
Details of nature
and extent of credit limits / facilities enjoyed |
|
|
|
Nature of credit
facility |
Extent [Rs.] |
|
Corporation Bank, Yoginagar Borivili [West] |
House Loan |
Rs. 0.288 Million |
Borrowing from others
|
Name of the Lender |
Amount Borrowed |
|
Standard Chartered |
Rs. .0.124 Million |
Total Liabilities :
Rs. 0.412 Million
Net Worth : Rs. 4.033
Million
Mrs. Shobha Ashok
Jain
Deposits held with
Banks
|
Name of the Bank |
Nature of Deposits
Held |
Amount of deposits |
|
State Bank of India |
PPF |
Rs. 0.845 Million |
|
Cash at HDFC |
Bank Balance |
Rs. 0.008 Million |
|
Cash at Corporation |
Bank Balance |
Rs. 0.007 Million |
|
Cash at OBC |
Bank Balance |
Rs. 0.004 Million |
Deposits held with
Companies / others
|
Name of the Company
|
Nature of Deposits |
Amount of Deposits |
|
United Agro Biotech Private Limited |
Loan |
Rs. 0.010 Million |
Life Insurance
Policies
|
Policy No. |
Annual Premium |
|
000004314 |
Rs. 0.007 Million |
|
10510777 |
Rs. 0.200 Million |
Immovable Properties
|
Name of the owner |
Description of
property |
Location |
Type of property
i.e. whether residential agricultural
/ industrial / commercial etc. |
Present market
value |
|
Mrs. Shobha Jain |
Flat at Shivalaya |
203/204, Shivalaya Tower, Thakur Complex, Kandivali |
Self Occupied |
Rs. 1.265 Millions |
|
Mrs. Shobha Jain |
Flat at Shweta |
Thakur Complex, Kandivali [East] |
Self Occupied |
Rs. 0.285 Million |
Government securities
/ National Savings Certificates / Shares of listed Companies / Units of Unit
Trust of India etc.
|
Description of
security |
Face value [Rs.] |
Market value |
|
5000 Shares |
RS. 10/- |
Rs. 0.050 Million |
|
Share Application Money |
|
Rs. 0.026 Million |
|
Post office MIS |
|
Rs. 0.100 Million |
|
Post office RD |
|
Rs. 0.068 Million |
|
Adventure Resorts Private Limited |
|
Rs. 0.012 Million |
Others Assets
|
Nature / Details of
assets |
Market value |
|
Uno Motor Car |
Rs. 0.057 Million |
|
Vaganar |
Rs. 0.441 Million |
Total Asses : Rs.
3.189 Millions
|
Name of the Institution
/ Bank |
Nature of credit
facility |
Extent Rs. |
|
Corporation Bank Yoginagar Borivali [West] |
House Loan |
Rs. 0.327 Million |
|
|
|
|
|
Corporation Bank Yoginagar Borivali [West] |
Car Loan |
Rs. 0.362 Million |
Total Liabilities Rs.
0.689 Million
Net Worth : Rs.2.500
Millions
Purchase and Sales
Data from April’ 08 to July’ 08
|
Month /Years |
Purchases |
Sales |
|
April’ 08 |
6.75 |
2.02 |
|
May’ 08 |
28.43 |
43.16 |
|
June’ 08 |
44.41 |
52.99 |
|
July’08 |
11.72 |
29.67 |
|
Total |
91.31 |
127.84 |
Bankers Charges
Report as per Registry
|
Name of the company |
United Agro
Bioteek Private Limited |
|
Presented By |
Dr. Ashokkumar
U. Jain, Director |
|
1) Date and description of instrument creating the change |
15.11.2005 Common
deed of hypothecation of movables assets debts and memo of dep of title deed |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2.000 Million |
|
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 |
Stock / book
debts / plant and machinery / premises |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Cash credit on
demand for one year dated of execution |
|
5) Name and Address and description of the person entitled to the charge. |
Corporation Bank,
Yoginagar, Borivali [West], Mumbai – 91 |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
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. |
NA |
PROJECTED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2009 [Provisional] |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.567 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
3.542 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.109 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
14.786 |
|
|
2] Unsecured Loans |
|
|
||
|
TOTAL BORROWING |
|
|
14.786 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.061 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.956 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.661 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.006 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
|
25.648 |
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total
Current Assets |
|
|
25.648 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
|
9.367 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
9.367 |
|
|
Net Current Assets |
|
|
16.281 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.956 |
|
PROJECTED PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
|
31.03.2009 [Provisional] |
|
|
Sales Turnover |
|
|
58.500 |
|
|
Other Income |
|
|
0.000 |
|
|
Total Income |
|
|
58.500 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
|
2.602 |
|
|
Provision for Taxation |
|
|
-- |
|
|
Profit/(Loss) After Tax |
|
|
2.602 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
|
|
45.438 |
|
|
Administrative and Other Expenses |
|
|
0.535 |
|
|
Selling and Distribution Expenses |
|
|
2.153 |
|
|
Rent for Premises |
|
|
0.180 |
|
|
Employees Cost |
|
|
3.747 |
|
|
Motor Car expenses |
|
|
0.206 |
|
|
Telephone Expenses |
|
|
0.168 |
|
|
Finance Cost |
|
|
1.850 |
|
|
Depreciation & Amortization |
|
|
0.350 |
|
|
Other Expenditure |
|
|
1.271 |
|
Total Expenditure |
|
|
55.898 |
|
AS PER WEBSITE
Subject was formed in November 2003 by a team of scientists
and marketing professionals, highly experienced in the field of Agriculture,
Biochemistry, Pharmaceutical and Petro-chemicals. UAB is currently engaged in
manufacturing and marketing of Organic, Non Toxic, Safe and Eco-friendly
agricultural inputs such as:
- Soil conditioners and fertility enhancers
- Bio-fertilizers
- Bio-activators and catalyzers
- Bio-stimulants
- Nutrition enhancers
- Crop protection products
UAB offers products which have
organic certification from APEDA approved certifying agency ECOCERTSA, and are
suitable for organic farming.
Objectives
The objectives of the company is to offer value proposition to the agriculture industry
to make it more competitive not only in domestic but also in the global market
by:
- Supplying highly performance products
- Improving the productivity
- Reducing input cost
- Improving hygiene standards
- Offering ecologically safe products
- Develop MFMA type (wide spectrum) of products.
Policy
- To manufacture a range of organic based products for
sustainable agriculture, marketed through a network of agents, backed by
technical expertise and innovative product development
- To market high quality products, useful and profitable to the
end users. We believe in Win-Win situation for every one involved in this
business. We have strict quality control standards in the manufacturing
process and are continuously improving the products, and developing new formulations
based on market feed back and consumer needs to serve them better. We want
every one to go with nature and not against it.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.20 |
|
UK Pound |
1 |
Rs.81.48 |
|
Euro |
1 |
Rs.64.27 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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
|
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. |
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 |
|