MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
DPO FOOD SPECIALITIES PRIVATE LIMITED |
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Registered Office : |
10, Vega Commercial Centre, Hiranandani Estate, Ghodbunder Road, Thane
– 400 07, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
06.10.2005 |
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Com. Reg. No.: |
11-156776 |
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CIN No.: [Company
Identification No.] |
U15100MH2005PTC156776 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMD13378B |
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PAN No.: [Permanent
Account No.] |
AACCD2480L |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Importer, Distributor and Marketer of products and
services to the Food Industry. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is just a trading office in India and all the accounting is
done from their head office in Sri Lanka and Malaysia. The company has not
filed any financials with the Government departments
till date. No further details or payment could be made available. The company can be considered for any business dealings on fully safe
and secured terms, only. |
LOCATIONS
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Registered Office : |
10, Vega Commercial Centre, Hiranandani Estate, Ghodbunder Road, Thane
– 400 07, Maharashtra |
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E-Mail : |
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Website : |
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Corporate Office : |
Suite 11.1, Level 11, Menara
Great Eastern, No.303, Jalan Ampang, 60450 Kuala Lumpur, Malaysia. |
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Tel. No.: |
60
3 4256 0377 |
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Fax No.: |
60
3 4256 0277 |
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E-Mail : |
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Overseas Office
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DPO Belgium DPO China -
Guangzhou DPO India DPO Japan DPO Philippines
- Cebu DPO Sri Lanka DPO China -
Beijing DPO China -
Shanghai DPO Indonesia DPO Malaysia DPO Philippines
- Manila DPO Thailand |
DIRECTORS
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Name : |
Mr. Aniruddha Vasudev Bhagat |
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Designation : |
Director |
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Address : |
K 33 Dadlani Parbalkum, Thane – 400 608 Maharashtra, India |
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Date of Appointment : |
06.10.2005 |
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Name : |
Mrs. Sakshi Aniruddha Bhagat |
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Designation : |
Director |
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Address : |
K 33 Dadlani Parbalkum, Thane – 400 608 Maharashtra, India |
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Date of Appointment : |
06.10.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Aniruddha Vasudeo Bhagat |
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5000 |
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Mrs. Sakshi Anirudhha Bhagat |
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5000 |
BUSINESS DETAILS
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Line of Business : |
Importer, Distributor and Marketer of products and
services to the Food Industry. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
---- |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- Each |
Rs. 0.100 million |
Issued, Subscribed
& Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- Each |
Rs. 0.100 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Notes:-
The Registered Office of the company was K 33 Dadlani Parbalkum, Thane –
400 608 Maharashtra, India shifted to present address w.e.f 08.06.2006
WEBSITE DETAILS:-
Their leverage in the food industry lies in strategic global networking with local expertise, creating a “GLOCAL” platform benefiting business partners with unlimited and unique trade opportunities.
DPO stands for their exclusive market approach, which is defined as Distributor-Principal Optimum. Their stable environment is the result of this integrated partnership, which has also enabled them to become one of the fastest growers in the industry with a stunning 40% growth yearly.
Background
In 1993, subject was first established as a one-man food marketing consultancy by Daniel Pans as an offer agent for European food manufacturers. The thriving sphere of the Asian market prompted subject to expand its scope of operations by gradually adding other divisions such as the conceptual branding division, the fine foods division, the frozen foods division, the fruits division and the ingredients division.
Over the years, subject has increased its foothold in Asia, with the presence of its branches in Belgium, China, India, Indonesia, Japan, Malaysia, Philippines, Sri Lanka and Thailand. Today, subject is based in Kuala Lumpur, Malaysia.
Workforce
Building a reputation as the preferred supplier, distributor and global trader within the food industry, the company is backed by industry professionals throughout its branches, providing a global platform with local expertise.
Their workforce consist an international diversity of management associates, food and dietary consultants, marketing intelligence strategists, trade practitioners and operations support personnel that offer unmatched depth and a broad array of skills across the food spectrum
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.50.52 |
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UK Pound |
1 |
Rs.75.08 |
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Euro |
1 |
Rs.63.72 |
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. |
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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