MIRA
INFORM REPORT
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Report Date : |
05.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
RADHAKRISHNA FOODLAND PRIVATE LIMITED |
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Registered Office : |
Radhakrishna House, Majiwade Village Road, Majiwade, Thane-400601, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
06.10.1987 |
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Com. Reg. No.: |
11-44894 |
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CIN No.: [Company
Identification No.] |
U51900MH1987PTC044894 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNER06098B |
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PAN No.: [Permanent
Account No.] |
AABCR8854K |
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Legal Form : |
A Closely held Public Limited Liability Company |
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Line of Business : |
Wholesalers, Retailers, Importers, Exporters, Distributors and Packagers of all types of Food Items |
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. |
Small |
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Maximum Credit Limit : |
USD 2560000 |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Financial position of the company is moderate having accumulated losses of Rs. 167.862 millions (31.03.2004). Directors are reported as experienced, respectable and having satisfactory means of their own. Payments are usually correct and as per commitments. The company can be considered for small to mediocre business dealings at usual trade terms and conditions with some caution |
LOCATIONS
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Registered Office : |
Radhakrishna House, Majiwade Village Road, Majiwade, Thane-400601, Maharashtra, India |
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Tel. No.: |
91 – 22 – 55986464 / 56464400 / 67986464 |
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Fax No.: |
91-22-56464499 / 55971767 / 25342296 |
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E-mail : |
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Website : |
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Office: |
Tel No :- 91-22-26184365 Fax No :- 91-22-26113502
Tel No :- 91-120-2567894 Fax No:- 91-120-2567893
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Corporate Office : |
Valeda Chambers, 4A, 4th Floor, Plot No. B-6, New Link Road, Andheri (W), Mumbai – 400053 |
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Tel. No.: |
91-22-56464400 |
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Fax No.: |
91-22-56464499 |
DIRECTORS
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Name : |
Mr. Raju R. Shete |
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Designation : |
Chairman and Managing Director |
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Address |
7-A, Lohtse Ruia Park, Juhu Tara Road, Juhu, Mumbai-400049, Maharashtra, India |
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Date of Birth |
24.06.1961 |
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Date of Appointment |
30.03.2002 |
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Name : |
Mr. Alian F. Dupuis (Belgian) |
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Designation : |
Director |
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Address : |
23, Boulevard Saandeau, Paris, France |
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Date of Birth |
09.08.1944 |
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Date of Appointment |
21.02.2000 |
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Name : |
Mr. Homi Aibara |
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Designation : |
Director |
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Address |
25, Nepean Sea Road, Mumbai-400036, Maharashtra, India |
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Date of Birth |
11.07.1953 |
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Date of Appointment |
21.02.2000 |
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Name : |
Mr. Pulak Prasad |
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Designation : |
Director |
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Address: |
1202, Taj Wellington, Mews 33, Nathalal Parekh Marg, Colaba Mumbai-400001, Maharashtra, India |
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Date of Birth |
27.05.1968 |
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Date of Appointment |
25.02.2004 |
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Name : |
Mr. Ragvinder Singh Rekhi |
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Designation : |
Director |
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Address: |
51, Oak Street, Burr Ridge IL 60527-8388 |
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Date of Birth |
13.09.1949 |
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Date of Appointment |
03.05.2004 |
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Name : |
Mr. Vishal Kashyap Mahadevia |
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Designation : |
Director |
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Address : |
81, Landmark, Carmichael Road, Mumbai 400026, Maharashtra, India |
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Date of Birth/Age : |
19.12.1972 |
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Date of Appointment : |
22.11.2006 |
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KEY EXECUTIVES
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Name : |
Sushma Narendra Arora |
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Designation : |
Secretary |
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Address : |
A-201, Hillgrange Building, Hiranandani Estate, Off G. B. Road, Thane
400607, Maharashtra, India |
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Date of Birth/Age : |
26.08.1971 |
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Date of Appointment : |
07.10.2002 |
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Name : |
Mr. H Sriram |
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Designation : |
Vice President Distribution & Logistics |
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Date of Birth/Age : |
48 years |
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Qualification : |
B. Com |
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Experience : |
28 years |
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Date of Appointment : |
15.11.1995 |
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Name : |
Mr. Rajeev Shirodkar |
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Designation : |
Vice President Information Technology |
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Date of Birth/Age : |
47 years |
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Qualification : |
B.E. Electrical Engineer |
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Experience : |
25 years |
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Date of Appointment : |
01.10.2002 |
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Name : |
Mr. Sukesh Lal |
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Designation : |
Vice President Finance |
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Date of Birth/Age : |
44 years |
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Qualification : |
B. Com, FCA |
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Experience : |
21 years |
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Date of Appointment : |
01.07.2001 |
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Name : |
Mr. Arvind Chaudhary |
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Designation : |
Chief Procurement Officer |
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Date of Birth/Age : |
43 years |
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Qualification : |
M. Sc., Dairy Technology |
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Experience : |
21 years |
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Date of Appointment : |
06.06.2003 |
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Name : |
Mr. Sanjay Jog |
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Designation : |
Sr. Vice President Human Resources |
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Date of Birth/Age : |
45 years |
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Qualification : |
B.Sc., MBA |
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Experience : |
22 years |
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Date of Appointment : |
06.06.2003 |
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Name : |
Mr. S. Raghunandan |
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Designation : |
Chief Executive Officer |
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Date of Birth/Age : |
45 years |
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Qualification : |
B. Com., MBA |
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Experience : |
18 years |
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Date of Appointment : |
05.09.2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Raju Shete |
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158400 |
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Hemal Shete |
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158400 |
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Indira Shete |
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158400 |
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Raju Shete |
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158400 |
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Raju Shete |
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178200 |
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Raju Shete |
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178200 |
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Portlog Overseas Holdings Limited |
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912659 |
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Ellsberry Holdings Private Limited |
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2497575 |
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Equity Share
Break-up |
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Percentage of
Holding |
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Foreign Holdings |
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86.29 |
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Directors or relatives of the Directors |
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13.71 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Wholesalers, Retailers, Importers, Exporters, Distributors and Packagers of all types of Food Items |
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Products : |
Provisions, Groceries and Beverages |
GENERAL
INFORMATION
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No. of Employees : |
150 |
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Bankers : |
Ø
ICICI Bank
Limited
ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400051 Ø
ICICI Bank
Limited Land Mark Race Cource Circle,
Alkapuri, Baroda, Gujarat 390015, India Ø State Bank of India, Suvart Building, TemBui Naka, Thane (West), Maharashtra, India. Ø Global Trust Bank Limited JVPD Scheme, Vile Parle (West) – 400 056, Mumbai, Maharashtra, India Ø Bank of Maharashtra Juhu, Vile Parle, Mumbai- 400056 |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
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Address : |
KPMG House, Karnala Mills Compound, 448, Senapati Bapat Marg, Lower
Parel, Mumbai 400013, Maharashtra, India |
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Tel. No.: |
91-22-24913030/24913131 |
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Fax No.: |
91-22-24913132 |
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Associates: |
Ø Radhakrishna & Company Ø Radhakrishna Hospitality Services Private Limited Ø Seagull Properties & Holdings Private Limited Ø Gift Holdings Private Limited Ø Accor Radhakrishnan Meal Vouchers Private Limited |
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Subsidiaries : |
Ø Radhakrishna Merchandise Private Limited Ø Radhakrishna Foodland Carriers Private Limited Ø Arksoft Enterprise Private Limited |
CAPITAL STRUCTURE
As on 30.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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7500000 |
Equity Shares |
Rs. 100/- each |
Rs. 750.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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7218650 |
Equity Shares |
Rs. 100/-
each |
Rs. 721.865
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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659.365 |
596.865 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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733.428 |
568.943 |
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4] (Accumulated Losses) |
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[752.313] |
[599.926] |
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NETWORTH |
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640.480 |
565.882 |
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LOAN FUNDS |
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1] Secured Loans |
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89.390 |
98.293 |
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2] Unsecured Loans |
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94.220 |
130.450 |
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TOTAL BORROWING |
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183.610 |
228.743 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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824.090 |
794.625 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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576.744 |
480.987 |
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Capital work-in-progress |
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3.688 |
19.148 |
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INVESTMENT |
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2.535 |
2.536 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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38.266 |
34.921 |
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Sundry Debtors |
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198.745 |
122.665 |
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Cash & Bank Balances |
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54.168 |
240.782 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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55.269 |
26.431 |
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Total
Current Assets |
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346.448 |
424.799 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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101.686 |
131.561 |
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Provisions |
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3.639 |
2.376 |
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Total
Current Liabilities |
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105.325 |
133.937 |
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Net Current Assets |
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241.123 |
290.862 |
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MISCELLANEOUS EXPENSES |
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0.000 |
1.092 |
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TOTAL |
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824.090 |
794.625 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.45 |
0.64 |
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Current Ratio (Current Asset/Current Liability) |
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3.29 |
3.17 |
LOCAL AGENCY
FURTHER INFORMATION
Fixed Assets
Ø
Land
Ø
Building
Ø
Plant and Machinery
Ø
Computers
Ø
Office Equipments
Ø
Furniture and Fixtures
Ø
Vehicles
Form 8
Bankers Charges
Report as per Registry
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Name of the company |
RADHAKRISHNA
FOODLAND PRIVATE LIMITED |
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Presented By |
ICICI Bank Limited,
Bank Towers, Bandra Kurla Complex, Mumbai 400051 |
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1) Date and description of instrument creating the change |
Deed of
hypothecation dated 07.01.2004 to secure Rupee Term Loan not exceeding Rs.
30.000 Millions under Agricultural Commercialization and Enterprise [ACE]
Programme of ICICI Bank |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 30.000
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 |
First mortgage
and charge on : a. All the immovable and moveable specified
properties both present and future, created during the proposed phase 1 of
the company’s project at Kalamboli, subject to the charges created/to be created in favour of company’s bankers on
current assets for securing borrowings for working capital requirements. b. The property situated at Radhakrishna
House, Majiwade, Village Road, Thane [West] 4000601 c. Gala No.
1.4.5.6. and 7 of the property situated at Jyoti Wire House, 23 A, Shah
Industrial Estate, Veera Desai Road, Andheri West, Mumbai 400053 |
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4) Gist of the terms and conditions and extent and operation of the
charge. |
1. Interest @ 8% p.a. 2. repayable in twelve quarterly installments
commencing from 15.11.2005 and ending on 15.08.2008 |
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5) Name and Address and description of the person entitled to the
charge. |
ICICI Bank, ICICI
Bank Towers, Bandra Kurla Complex, Mumbai 400051 |
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6) Date and brief description
of instrument modifying the charge |
NA |
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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. |
NA |
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Name of the company |
RADHAKRISHNA
FOODLAND PRIVATE LIMITED |
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Presented By |
ICICI Bank
Limited, Bank Towers, Bandra Kurla Complex, Mumbai 400051 |
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1) Date and description of instrument creating the change |
Deed of
hypothecation dated 07.01.2004 to secure Rupee Term Loan not exceeding Rs.
30.000 Millions under Agricultural Commercialization and Enterprise [ACE]
Programme of ICICI Bank |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 30.000
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 |
First mortgage
and charge on : a. All the immovable and moveable specified
properties both present and future, created during the proposed phase 1 of
the company’s project at Kalamboli, subject to the charges created/to be created in favour of company’s bankers on
current assets for securing borrowings for working capital requirements. b. The property situated at Radhakrishna
House, Majiwade, Village Road, Thane [West] 4000601 c. Gala No.
1.4.5.6. and 7 of the property situated at Jyoti Wire House, 23 A, Shah
Industrial Estate, Veera Desai Road, Andheri West, Mumbai 400053 |
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
1. Interest @ 8% p.a. 2. repayable in twelve quarterly installments
commencing from 15.11.2005 and ending on 15.08.2008 |
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5) Name and Address and description of the person entitled to the
charge. |
ICICI Bank, ICICI
Bank Towers, Bandra Kurla Complex, Mumbai 400051 |
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6) Date and brief description
of instrument modifying the charge |
Indenture dated
03.05.2005 was executed by the Company in favour of ICICI Bank Limited in
respect of the Companies immovable properties [more particularly described in
the Annexure hereunder written] |
|
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 Loan together
with all interest, compound interest, further interest, additional interest,
commitment charges, liquidated damages, premises on prepayment or on
redemption, costs, charges and all other expenses payable by the company to
ICICI in respect thereof secured under the above mentioned Deed of
Hypothecation is also now secured by the said Indenture of mortgage in
respect of the company’s immovable properties [more particularly described in
the Annexure hereto] together with
all buildings and structures thereon and all plant and machinery attached to
the earth or permanently fastened to anything attached to the earth. |
|
This Form is for |
Modification of charge |
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Charge
identification number of the charge to be modified |
90214044 |
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Corporate
identity number of the company |
U51900MH1987PTC044894 |
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Name of the
company |
RADHAKRISHNA
FOODLAND PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
Radhakrishna House, Majiwade Village Road, Majiwade, Thane-400601, Maharashtra, India |
|
Type of charge |
Ø
Movable
Property Ø
Immovable
Property |
|
Particular of
charge holder |
Ø
ICICI Bank
Limited Land Mark Race Cource
Circle, Alkapuri, Baroda, Gujarat 390015, India |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of Partial
Reconveyance executed between ICICI Bank Limited and Radhakrishna Foodland
Private Limited dated 11.10.2007 |
|
Date of
instrument Creating the charge |
11.10.2007 |
|
Amount secured by
the charge |
Rs. 55.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
[a] Rate of
Interest IBAR + Term premia[%]
+ 2.00% subject to minimum of 12.8% per annum at monthly rests [b] Terms of
repayment repayable in 12
equal quarterly installments commencing from 15.11.2005 and ending 15.08.2008 [c] Margin No margin [d] Extent and
operation of the charge First mortgage
and charge |
|
Short particulars
of the property charged |
Company’s
property located at [1] Plot No. 01 in Sector KWC of Kalamboli containing by
admeasuring 3300062 sq. mtrs. or thereabouts and all buildings and structures
thereon and all plant and machinery attached thereto created during Phase I
of Company’s project and [2] Village Majiwada. Thane admeasuring 2902.85 sq. mtrs and bearing survey no. 103
Hissa Nos. 1,2,3 [part] 4,5,6 [part] and 7 [part] together with commercial
complex thereon, excluding cold storage on ground floor. |
|
Date of latest
modification prior to the present modification |
03.05.2005 |
|
Particulars of
the present modification |
Upon part
repayment of the loan availed by the company from ICICI Bank Limited [the
charge holder], ICICI Bank Limited has released the charge on the Company’s
property situated at Village Majiwada, Thane admeasuring 2902.85 sq. and
bearing survey no. 103 Hissa nos. 1,2,3 [part], 4, 5, 6 [part] and 7 [part] together with commercial complex thereon,
excluding cold storage on ground floor. |
AS PER WEBSITE DETAILS:
Radhakrishna Foodland wins SAP ACE award for retail implementation
Source: Indiantelevision.com Team (31 August 2007 7:38 pm)
MUMBAI: Food distribution
and logistics company Radhakrishna Foodland has won the SAP ACE 2007 award for
customer excellence in the retail segment for best retail implementation.
Out of the 100 nominations received in this category, Radhakrishna Foodland
beat Reliance Retail, Trent and Vishal Mega Mart to emerge as the winner.
Radhakrishna
Foodland chairman and managing director Raju Shete said, "At Radhakrishna
Foodland, Information Technology Management (ITM) is central to a core strategy
of providing differentiated value to customers and enabling their business
growth. The innovative usage of IT in our operations has helped us develop an
effective delivery culture across geographies. We are therefore extremely
delighted to be ranked among the India's most admired enterprise in the retail
sector implementation." The Radhakrishna Group also has a front end
presence in retail through Foodland Fresh, a neighbourhood food and grocery
retail brand with a presence across 34 locations in Mumbai.
The evaluation process consisted of four stages: evaluations of completed
nomination forms, telecons after short listing of the projects, site visit to
validate claimed business impacts and innovations and final awardees by
specially chosen jury panel, states an official release.
The parameters on which the implementation was judged included adherence to the
project schedule, return on investment, unique features or innovations in the
project, specific business impacts and critical success factors of the project.
The other winners in various categories were Larsen and Toubro, Times of India,
Infosys, Indian Oil, Jet Airways Asian Paints, Mahindra and Mahindra, Ranbaxy
India, Videocon, Reliance Telecommunications, TVS Motors and others.
The jury panel
this year comprised of Subhiksha Trading Services MD R. Subramanian, TVS group
IT Advisors Venkat Rajan, ONGC CIO T Ravindran, RPG VP and group CIO Amit
Mukherjee, IIM Bangalore ERP Center of Excellence head Dr Krishna Sundar, and
SAP Indian sub-continent president and CEO Ranjan Das.
SAP ACE 2007 is an annual award series to recognize and reward implementations
of SAP solutions in India. All the SAP projects that went live in 2006
qualified for SAP ACE 2007.
Radhkrishna Foodland bags SAP ACE 2007- Awards for Customer Excellence
Source : India Infoline News Services / Mumbai Sep 01, 2007 11:03
Radhakrishna
Foodland, a leading food distribution & logistics company with has won the
SAP ACE 2007 Awards for Customer Excellence. Radhakrishna Foodland won this
coveted annual award in the Retail segment for Best Retail implementation.
Radhakrishna Foodland Private Limited is a Radhakrishna Group company. Sanjay
Ghone, Sumeet Kolhatkar and Jayawant Harkare received the award on behalf of
Radhakrishna Foodland from Mr. Henning Kagermann, CEO & President SAP AG
and Mr. Ranjan Das, CEO, SAP India subcontinent, in a glittering ceremony
titled “Celebrating Customer Success” in New Delhi.
Acknowledging the award, Raju Shete, Chairman and Managing Director,
Radhakrishna Foodland Pvt Ltd said, “At Radhakrishna Foodland, Information
Technology Management (ITM) is central to a core strategy of providing
differentiated value to customers and enabling their business growth. The
innovative usage of IT in our operations has helped us develop an effective
delivery culture across geographies.
We are therefore extremely delighted to be ranked among the India’s Most
Admired Enterprise in the retail sector implementation.” The Radhakrishna Group
also has a front end presence in retail through Foodland Fresh, a leading
neighborhood food and grocery retail brand with a presence across 34 locations
in Mumbai.
SAP ACE 2007 is an annual award series to recognize and reward implementations
of SAP solutions in India. All the SAP projects that went live in 2006 qualified
for SAP ACE 2007. There were about 100 nominations received by SAP.
Radhakrishna Foodland won this award over three other nominees in this category
viz. Reliance Retail, Trent and Vishal Mega Mart.
The parameters on which the implementation was judged included adherence to the
project schedule, return on investment, unique features or innovations in the
project, specific business impacts and critical success factors of the project.
The evaluation process consisted of four stages: evaluations of completed
nomination forms, telecons after short listing of the projects, site visit to
validate claimed business impacts and innovations and final awardees by
specially chosen jury panel. The jury panel this year comprised of
R.Subramanian, MD Subhiksha Trading Services, Venkat Rajan, IT Advisors TVS
Group, T Ravindran, CIO ONGC, Amit Mukherjee, VP, and Group CIO RPG Group,
Dr.Krishna Sundar, Head ERP Center of Excellence, IIM, Bangalore and Ranjan
Das, President & CEO SAP Indian sub-continent.
The other notable winners in various categories were Larsen & Tourbo, Times
of India, Infosys, Indian Oil, Jet Airways Asian Paints, Mahindra &
Mahindra, Ranbaxy India, Videocon, Reliance Telecommunications, TVS Motors and
others.
CONTACT DETAILS:
Ø
Kalamboli
Distribution Centre
"Food Park" Plot No. 1, Sector KWC, Kalamboli -
410 218, Taluka – Panvel, District - Raigad
Tel.: 91-22-6793 3200
Fax: 91-22-2742
4818
Ø
Kanjurmarg
Distribution Centre
C/o Warehouse
Steel Suppliers Limited
71, Kanjur Village
Road, Kanjurmarg East, Mumbai - 400 024
Tel.: 91-22-2578
5851 / 2578 5851
Fax: 91-22-2578
6891
Ø
Noida Distribution
Centre
C – 8, Phase II, Noida 201 305
Tel : 91-120-3042022-28
Affiliations & Certifications
Ø
Asia
Pacific Logistics Council (for McDonald's) (APLC)
Ø
Council
of Logistics Management (CLM)
Ø
International
Association of Refrigerated Warehouses (IARW)
Ø
Food
Distributors International (FDI)
Ø
World
Food Logistics Organization (WFLO)
Ø
International
Ship Suppliers Association (ISSA)
Ø
National
Safety Council (NSC)
Ø
Council
for Fair Business Practices (CFBP)
Ø
Bombay
Chamber of Commerce & Industry (BCCI)
Ø
Bombay
Management Association (BMA)
Ø
Confederation
of Indian Industries (CII)
Ø
Confederation
of Indian Food Trade & Industry (CIFTI)
Ø
IMA
formerly known as Economist Intelligence Unit (EIU)
Ø
Indian
Institute of Material Management (IIMM)
Ø
Indian
Merchant Chambers (IMC)
Ø
Loss
Prevention Association of India (LPAI)
Radhakrishna Group
The Radhakrishna Group is a reputed business house with operations in contract foodservice, foodservice distribution,
exports, logistics and food vouchers.
Ø
Radhakrishna Foodland
Private Limited
Radhakrishna Foodland Private Limited operates the following businesses
- broadline foodservice distribution & solutions, customized
foodservice distribution & solutions, exports, logistics and food
distribution & solutions to retail. Exposure to diverse and
complex markets in India and abroad has enabled the company to successfully
deliver distribution and logistics solutions to the best.
Ø
Radhakrishna Hospitality
Services Private Limited
Radhakrishna Hospitality Services Private Limited (RKHS) is a joint venture
with Compass Group Plc. of UK. RKHS today is the country's leading
contract foodservice and hospitality organisation providing quality foodservice
for customers across India.
Ø
Accor Radhakrishna Corporate
Services Private Limited
Accor Radhakrishna Corporate Services Private Limited (ARCS) is a joint venture
with Accor S.A.
of France. ARCS has partnered with over 1000
companies to provide Ticket Restaurant (Food Vouchers) to their 60,000 employees and has over 600 restaurant affiliates across India
CUSTOMERS LIST
Hotels
Ø
The Oberoi Towers (Hilton)
Ø
J W Marriott
Ø
Hyatt Regency
Ø
Grand Hyatt
Ø
The Orchid
Ø
Lotus Suites
Ø
Rodas Hotel
Ø
The Gordon House Hotel
Ø
Hotel Vallerina
Ø
Hotel Holiday Inn
Ø
ITC – Grand Central Sheraton Hotel
Ø
ITC – Grand Maratha Sheraton Hotel
Flight Kitchens
Ø
Oberoi Flight Services
Ø
Mars Ent (Sky Gourmet)
Industrial Canteens
Ø
Glaxo SmithKline Pharmaceuticals Limited
Ø
Exide Industries
Ø
British Gas Exploration & Production India Limited
Ø
Siemens Limited
Ø
Johnson & Johnson
Ø
I.R.C.T.C – Indian Railways
Ø
Indian Navy
Ø
Godrej & Boyce Limited
Restaurants
Ø
Starters & Movers Restaurants
Ø
Kamats - Essel World
Ø
Tendulkars Restaurant & Bar
Ø
Kailash Parbat Lonavala
Ø
Kailash Parbat Kolaba
Ø
Shubh Manas Veg Restaurant
Ø
Not Just Jazz by the Bay
Ø
Hardcastle Restaurant – MCD l
Ø
Mars Commissary
Ø
Shamiana Restaurant
Ø
Santinos Restaurant
Ø
Torch Hotels – Zenzi Restaurant
Ø
Purple Haze Restaurant
Ø
The Galley Restaurant
Ø
Foodwharf Restaurant
Ø
Tai Pan Restaurant
Ø
Society Stores
Ø
Shristi Restaurant
Ø
Casalinga Restaurant
Ø
Prashant Caterers – Samrat Restaurant
Ø
Olive Bar & Restaurant
Ø
Apple Restaurant
Ø
Spice Tree Restaurant
Ø
Myst Café Bar
Ø
Kumar Resort
Ø
Avion Holiday Resort
Ø
Oven Fresh
Ø
Pizzeria Restaurant
Ø
Hotel Satkar
Ø
Ruby Tuesday
Ø
Saffron Spice
Ø
Sanman Restaurant
Ø
Savannah Leisure – Vie Lounge
Ø
Whispering Woods Lonavala
Catering
Companies
Ø
Rodas Catering
Ø
Saikripa Catering Services
Ø
Shiv Sai Catering Services c/o Dena Bank
Retail
Ø
Apna Bazar (Andheri)
Ø
Apna Bazar (Vashi)
Ø
Apna Bazar (Charkop
Ø
Apna Bazar (Mulund)
Ø
Apna Bazar (Fort)
Ø
RKCS (SPAR)
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 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. 39.38 |
|
UK Pound |
1 |
Rs. 77.48 |
|
Euro |
1 |
Rs. 58.38 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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 |
|