MIRA
INFORM REPORT
|
Report Date : |
22..11.2008 |
IDENTIFICATION DETAILS
|
Name : |
MTR FOODS LIMITED |
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Registered Office : |
No. 4, 17th
Cross, |
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Country : |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
21.08.1996 |
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Com. Reg. No.: |
08-21007 |
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CIN No.: [Company
Identification No.] |
U15136KA1996PLC021007 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRM04085E |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business : |
Company is engaged in Instant Food Mixes and Ready to Eat Items, Spices
and Masala, Vermicell and Macaroni |
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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Maximum Credit Limit : |
USD 2000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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. No complaints have been
heard from market sources. The company can be considered good for normal business dealings. |
LOCATIONS
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Registered
Office:(Regional Sales Manager - South) |
No. 4, 17th
Cross, |
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Tel. No.: |
91-80-26760569 / 26760234 |
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Fax No.: |
91-80-26760227 |
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E-mail : |
mtrpsm@ber.vsnl.net.in , ac.alse@mtrfoods.com , mtrfoods@vsnl.net |
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Website : |
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Regional Sales Manager – East |
"Subhaneer", Flat - 3B, |
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Tel. No.: |
91-33 25706751 / 9831827306 |
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E-Mail : |
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Ice Cream and Food Service / Institutions General manager –Operations /
Manager Exports. |
#4, 17th Cross, |
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Tel. No.: |
91-80 26760569 |
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E-Mail : |
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All |
#4, 17th Cross, |
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Tel No.: |
91-80-26760569 |
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E-Mail : |
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Regional Sales Manager - North |
# 34/A, Corner Market, Malviya Nagar, |
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Tel. No.: |
011 55653129 /
9810301498 |
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E-Mail : |
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Regional Sales Manager - West |
C/o Radiant Enterprises, Copper Roller Mills Compound, L.B.S. Marg, Bhandup (West) Mumbai
– 400 078, |
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Tel. No.: |
022 55993112 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Maiya Parampalli Sadananda |
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Designation : |
Chairman & Managing Director |
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Address : |
342, I ‘B’ Main, 7th Block Jayanagar, |
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Date of Birth/Age : |
13.07.1949 |
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Qualification : |
BE (Electricals) |
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Experience : |
26 Years |
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Date of Appointment : |
09.07.1997 |
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Name : |
Mr. Maiya P Sadananda S |
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Designation : |
Director |
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Address : |
342, I ‘B’ Main, 7th Block Jayanagar, |
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Date of Birth/Age : |
30.12.1954 |
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Date of Appointment : |
21.08.1996 |
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Name : |
Mr. Maiya P Srinivasa (Dr.) |
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Designation : |
Director |
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Address : |
29, ‘Anupama’, 5th Cross, 4th |
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Date of Birth/Age : |
26.09.1943 |
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Date of Appointment : |
21.08.1996 |
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Name : |
Mr. Maiya P Padmanabha (Dr.) |
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Designation : |
Director |
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Address : |
No. 343, 25th Cross, 9th Main Banashankari II
Stage, Karnataka |
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Date of Birth/Age : |
17.01.1946 |
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Date of Appointment : |
21.08.1996 |
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Name : |
Mr. V Krishnamurthy |
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Designation : |
Director |
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Address : |
22 ˝, 6th Cross Gandhinagar, |
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Date of Birth/Age : |
16.12.1937 |
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Date of Appointment : |
21.08.1996 |
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Name : |
Mr. R Gopalanathan |
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Designation : |
Director |
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Address : |
Tuscan group, No. 51/7-2, |
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Date of Birth/Age : |
03.11.1939 |
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Date of Appointment : |
30.03.2000 |
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Name : |
Mr. S N Subramanya |
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Designation : |
Director |
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Address : |
205, Centre Point, 56, Residency Road, |
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Date of Birth/Age : |
24.01.1962 |
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Date of Appointment : |
29.03.2001 |
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Name : |
Mr. K Vijayaprakash Rao |
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Designation : |
Director |
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Address : |
234, II Main, Isro Layout, Vikram Nagar, Banglore – 560 078,
Karnataka. |
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Date of Birth/Age : |
23.12.1956 |
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Date of Appointment : |
29.03.2001 |
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Name : |
Mr. J Suresh |
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Designation : |
Executive Director & CEO |
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Address : |
S 02, ‘Magnolia’, Defence Colony, 5th Main Indiranagar,
Banglore – 560 038, Karnataka. |
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Date of Birth/Age : |
06.01.1957 |
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Date of Appointment : |
06.06.2002 |
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Name : |
Mr. Anil Ahuja |
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Designation : |
Director |
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Address : |
J.P.M.P.Advisors Pte.Ltd., 501, |
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Date of Birth/Age : |
01.12.1962 |
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Date of Appointment : |
29.11.2002 |
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Name : |
Mr. Jalaj Ashwin Dani |
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Designation : |
Director |
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Address : |
48, Home Villa, Krishna Sanghi Path, Gam Devi, Mumbai – 400 007, |
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Date of Birth/Age : |
20.10.1969 |
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Date of Appointment : |
03.09.2003 |
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Name : |
Mr. B. Ganesh Shenoy |
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Designation : |
Head – Finance |
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Date of Birth/Age : |
45 Years |
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Qualification : |
B. Com, ACA, Grad CWA |
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Experience : |
21 Years |
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Date of Appointment : |
15.12.2002 |
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Previous Employment : |
Hindustan Lever Limited |
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Name : |
Mr. Gaurav Mathur |
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Designation : |
Director |
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Address : |
No. 24-01, Grange Ford, 25, |
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Date of Birth/Age : |
15.11.1974 |
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Date of Appointment : |
14-05.2005 |
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Date of Ceasing : |
01.02.2006 |
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Name : |
Mrs. Latika Monga |
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Designation : |
Director |
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Address : |
29, Leonie Hill # 19-04, |
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Date of Birth/Age : |
20.11.1963 |
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Date of Appointment : |
25.03.2006 |
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Name : |
Mr. Cyrus Dinshaw Driver |
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Designation : |
Alternate Director to Mrs. Latika Monga |
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Address : |
Flat 3, No. 1, Spenta C H S L, Little |
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Date of Birth/Age : |
14.04.1977 |
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Date of Appointment : |
10.07.2006 |
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Name : |
MR. Paal Erik Jahren |
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Designation : |
Director |
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Address : |
Solveien 74, |
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Date of Birth/Age : |
15.09.1968 |
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Date of Appointment : |
25.09.2007 |
KEY EXECUTIVES
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Name : |
Mr. Shridhara Navada V |
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Designation : |
Company Secretary |
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Address : |
788/ A, 11th Cross, West of |
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Date of Birth/Age : |
08.02.1938 |
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Date of Appointment : |
31.03.2003 |
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Name : |
Mr. A C Alse |
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Designation : |
Assistant Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2006
|
Names of Shareholders |
No. of Shares |
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Mr. Maiya P Sadananda |
1815000 |
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Mr. Sunanda S. Maiya P. |
400010 |
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Mr. Padmanabha Maiya P. |
70010 |
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Mr.Srinivasa Maiya P. |
50010 |
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Mr. Jayaram G. |
12510 |
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Mr. Sadanand Maiya P. |
60000 |
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Mr. Shanthala Maiya P. |
50000 |
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Mr. Sudarshan Maiya P. |
200000 |
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Mr. Upendra Nayak K. |
50000 |
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Mrs. Rama Prasad M. |
10000 |
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Mrs. Bhargavi |
10000 |
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Mrs. Vimla Maiya P. |
11000 |
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Mr. Reddy Vinay D. |
50000 |
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Mr. Reddy Sandeep D. |
50000 |
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Mr. Betageri V.M. (Huf) |
17500 |
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Mr. Umesh M. Betageri (Huf) |
17500 |
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Mr. Rajashekar M. Betageri (Huf) |
17500 |
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Mr. Nityananda Hande K. |
10000 |
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Mrs. Rinny Eapen |
30000 |
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Mrs. Sumangali Suresh |
10000 |
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Mr. Narasimha Prasad N. V. |
10000 |
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Mr. Ramachandra G. |
10000 |
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M/s. Sunil Agro Food Limited |
100000 |
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M/s Srivari Packing |
100000 |
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Mr. Suresh K. |
10000 |
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Mr. Vinay D Reddy |
17400 |
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Mr. Sandeep D Reddy |
20400 |
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Mr. Vijaya Prakash Rao K. |
11500 |
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Mr. Rao C.K.S. |
20000 |
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Mrs. Yashoda S. Salian |
20000 |
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Mr. Srinivas Murthy M. |
25000 |
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Mr. Thyagaraju B.K. |
10000 |
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Mr. Bakula B. Mehta |
70000 |
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Mr. Bipin M. Shah |
70000 |
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Mr. Ramachandra Gupta G.S. |
32000 |
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Mr. Ratnakala Mady S. |
10000 |
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Mr. Raghavendra Mady S.T. |
10000 |
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Mr. Nagaraja Ballal |
15000 |
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Mr. Sharath Reddy |
20000 |
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Mr. Mukesh P Patel |
25000 |
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Mr. Mukesh P Patel (Huf) |
25000 |
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Mr. Ravindra Harindra Bharadwaj |
10000 |
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Mrs. Sujatha Ravindra |
10000 |
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Mrs. Charisma Bhardwaj |
10000 |
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Mr. Harindra Dattatreya Bharadwaj |
10000 |
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Mr. Uday B.G. |
50000 |
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Mr. Suryanarayanan A. |
15000 |
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M/s Srivari Graphics (P) Limited |
50000 |
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M/s Srivari Lamination (P) Limited |
150000 |
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Mrs. Padmini A. N. |
100000 |
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Mr. Sadananda Maiya P. |
1301000 |
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Mr. Aashish B. Mehta |
20000 |
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Mr. Bharat M. Mehta |
20000 |
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Mr. Nayna B. Mehta |
10000 |
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Mr. Kamal Parekh |
165250 |
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Mr. Rahul Kayan |
330500 |
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Mr. Hemendra M. Kothari |
125000 |
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M/s Magnus Capital Corporation Limited |
1322000 |
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M/s Indocean Packaged Foods Limited |
2520767 |
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Mr. Reddy Vinay D. |
10000 |
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Mr. Reddy Sandeep D. |
10000 |
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Mrs. Uma Venkat |
10000 |
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Mr. Ravi Sexena |
23000 |
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Mr. Ravi Sexena |
46000 |
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M/s Geetanjali Trading And Institutions Limited |
187000 |
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M/s Geetanjali Trading And Institutions Limited |
83000 |
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Mr. Bharat Kewalramani |
40000 |
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J.P.M.G.Packaged Foods Limited |
679233 |
AS ON 30.09.2007
Equity Share breakup (percentage of total equity)
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Names of Shareholders |
|
Percentage of
Holding |
|
Foreign Holding ( Foreign Institutional investor(s), Foreign Companies(s),
Foreign Financial Institution(s), Non Resident Indian(s) Or Overseas
Corporate Bodies Or Others. |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Company is engaged in Instant Food Mixes and Ready to Eat Items, Spices
and Masala, Vermicell and Macaroni |
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Export to |
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GENERAL INFORMATION
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No. of Employees : |
About 150 |
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Bankers : |
v
Karnataka
Bank Limited v
State
Bank of |
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Facilities : |
Secured Loan (Rs. in million)
Unsecured Loan (Rs. in million)
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Banking
Relations : |
Satisfactory |
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Auditors 1: |
S. R. Batliboi
and Associates Chartered
Accountants |
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Address: |
UB City |
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Auditors 1: |
Deloitte Haskins
and Sells Chartered
Accountants |
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Address: |
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Holding Company : |
Orkla Asia Pacific Pte Limited, |
CAPITAL STRUCTURE
AS ON 30.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,50,00,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 150.000 Millions |
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Total |
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Rs. 150.000
Millions |
Issued, Subscribed, Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,11,83,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 111.830
Millions |
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Total |
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Rs. 111.830 Millions |
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[as at March 31,
2008, all the Equity Shares are held by Orkla Asia Pacific Pte Limited, |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
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SHAREHOLDERS FUNDS |
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|
|
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1] Share Capital |
111.830 |
111.830 |
111.830 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
284.691 |
216.867 |
195.499 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
396.521 |
328.697 |
307.329 |
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LOAN FUNDS |
|
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|
1] Secured Loans |
0.000 |
235.980 |
347.301 |
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2] Unsecured Loans |
745.000 |
0.000 |
0.000 |
|
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TOTAL BORROWING |
745.000 |
235.980 |
347.301 |
|
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DEFERRED TAX LIABILITIES |
91.350 |
38.450 |
0.000 |
|
|
Deferred Government Grant |
3.990 |
2.500 |
0.000 |
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TOTAL |
1236.861 |
605.627 |
654.630 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1025.221 |
563.250 |
535.588 |
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Capital work-in-progress |
45.082 |
6.874 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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 |
191.276
|
174.257
|
121.123
|
|
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Sundry Debtors |
81.798
|
57.859
|
64.376
|
|
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Cash & Bank Balances |
72.713
|
18.717
|
26.882
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
68.965
|
63.401
|
73.200
|
|
Total
Current Assets |
414.752
|
314.234
|
285.581
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
226.777
|
261.041
|
202.722
|
|
|
Provisions |
21.417
|
17.690
|
30.827
|
|
Total
Current Liabilities |
248.194
|
278.731
|
233.549
|
|
|
Net Current Assets |
166.558
|
35.503
|
52.032
|
|
|
|
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|
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
67.010 |
|
|
|
|
|
|
|
|
TOTAL |
1236.861 |
605.627 |
654.630 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover |
1884.584 |
1591.498 |
1280.700 |
|
|
Other Income |
8.618 |
7.557 |
0.000 |
|
|
Total Income |
1893.202 |
1599.055 |
1280.700 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
139.266 |
151.953 |
61.200 |
|
|
Provision for Taxation |
70.166 |
57.153 |
4.000 |
|
|
Profit/(Loss) After Tax |
69.100 |
94.800 |
57.200 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Raw Material Consumed |
994.302 |
844.781 |
0.000 |
|
|
Purchases made for re-sale |
0.000 |
0.000 |
0.000 |
|
|
Consumption of stores and spares parts |
377.498 |
332.776 |
0.000 |
|
|
Increase/(Decrease) in Finished Goods |
12.101 |
37.027 |
0.000 |
|
|
Salaries, Wages, Bonus, etc. |
194.005 |
138.882 |
0.000 |
|
|
Managerial Remuneration |
0.000 |
0.000 |
0.000 |
|
|
Payment to Auditors |
0.000 |
0.000 |
0.000 |
|
|
Interest |
76.880 |
40.426 |
31.600 |
|
|
Insurance Expenses |
0.000 |
0.000 |
0.000 |
|
|
Power & Fuel |
0.000 |
0.000 |
0.000 |
|
|
Depreciation & Amortization |
99.148 |
53.207 |
41.900 |
|
|
Other Expenditure |
0.002 |
0.003 |
1146.000 |
|
Total Expenditure |
1753.936 |
1447.102 |
1219.500 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
3.65
|
5.93 |
4.46
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.35
|
9.50 |
4.78
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.378
|
17.18 |
7.45
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.46 |
0.20
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.74
|
2.69 |
2.88
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67
|
1.12 |
1.22
|
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80005785 |
|
Corporate identity
number of the company |
U15136KA1996PLC021007 |
|
Name of the
company |
MTR FOODS LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 4, 17th
Cross, |
|
Type of charge |
Book Debts Movable Property Immovable
Property |
|
Particular of
charge holder |
The Karnataka
Bank Limited |
|
Nature of description
of the instrument creating or modifying the charge |
Hypothecation
agreement pronote, memorandum deposit of title deeds |
|
Date of
instrument Creating the charge |
19.10.2007 |
|
Amount secured by
the charge |
Rs. 145.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: @ PLR 14% p.a. for OD – Interest for shipping loan and FDBP/ FUDBP @ 4%
less than KBPLR with a minimum of 10% p.a. (OD – Rs. 50.000 millions/ Shipping
Loan – Rs. 25.000 millions/ BPC Limit – Rs. 10.000 millions/ FDBP/ FUDBP –
Rs. 25.000 millions / ILC/ FLC – Rs. 10.000 millions / BG – Rs. 25.000
millions) Terms of
Repayment : repayable on demand Margin : margin
25% on stock and book debts, BPC third party cheques / DD representing
genuine trade transactions/ shipping loan and FDBP/ FUDBP at 25% on
exportable stock. ILC/ FLC/ BG at 10 % cash margin Extent and
Operation of the charge : 100% till the closure of the loan |
|
Short particulars
of the property charged |
Hypothecation of
all the present and future plant and machinery, furniture, fixtures and
movables etc. raw materials, semi and finished goods and other stocks are
stored at No. 80, 81, 80A 86 at Bommasandra Industrial Area, Anekal Taluka,
Bangalore and alos at NO. 4, 17th Cross, K R Road, Bangalore 560
070 and book debts and equitable mortgage of industrial Plot No. 80, 80A, 81
and 86, Bommasandra Industrial Area, Bangalore belonging to the company. |
|
Date of latest modification
prior to the present modification |
08/07/2006 |
|
Particulars of
the present modification |
Limit reduced
from Rs. 346. 216 millions to Rs. 145.000 millions – (OD- Rs. 50.000 millions/
Shipping Loan – Rs. 25.000 million/ BPC Limit- Rs. 10.000 million/ FDBP/
FUDBP – Rs. 25.000 millions / ILC/ FLC – Rs. 10.000 millions/ BG- Rs. 25.000
millions) additional security of equitable mortgage of industrial Plot No.
80, 80A, 81, 86 and 88, Bommasandra Industrial Area, Anekal Taluka, Bangalore
given. All other terms and conditions and securities continues for the
reducred limit of Rs, 145.000 millions. |
Quality and Product Development:
The Company
continues to strengthen its Quality control initiatives and isworking towards
obtaining the coveted British Retailers' Consortium Qualitycertifications which
together with the existing ISO-9002 and HACCPcertifications will enable the
Company to achieve accelerated growth inexport markets.
New products continue to be researched and developed such as Rice Meals,Ready
to eat Parathas etc., which have immense business potential in bothdomestic and
export markets. These products are also being developed in amanner which
provides reasonable technological barriers and are also beingpriced
attractively to ensure quick realization of business potentialespecially in
institutional and catering segments.
Information Technology:
The
Company has embarked on an ambitious Information Technology initiativeto
network the entire supply chain from sales forecasting to financialreporting by
taking up implementation of the world famous SAP packagethroughout the Company.
This ERP package will integrate all buying,manufacturing, sales and
distribution and financial accounting functionsthrough a sophisticated
connectivity infrastructure and will link up theBommasandra factory with the
Corporate office and all branch offices/CFAs.This is expected to enable
seamless integration of sales, manufacturing anddistribution planning and at
the same time enable the Company to focus onweeding out inefficient costs and
processes to improve profitability.
Technology Absorption, Adoption,
Innovation and Research and Development:
The
company has an in-house laboratory to ensure continuous monitoring and
improving product quality, process and packaging. The central laboratory is in
the process of getting upgraded singnificancy to bring it on par with other
state-of-art process foods laboratories and impart it the capability to drive
the quality assurance process for HACCP/ ISO certification. While vermicelli
plant is fully automated the rest of the plants are largely automated. The
company has set up its own effluent treatment plants (ETPs) to ensure a safe
and clean environment in and around the manufacturing plants.
The
company continues to optimize the use of the E R P package – S A P for
improving efficiency at all functional levels and profitability.
Fixed Assets
- Land
- Building
- Leasehold Improvements
- Plant and Machinery
- Computers and EDP Equipments
- Computer and Software on Lease
- Electrical Fittings
- Furniture and Fixtures
- Vehicles
- Trademark and Brand
As per Website
Details:
About Us
MTR Foods Limited
is amongst the top five processed food manufacturers in
Starting
with the legendary MTR restaurant in
Their deep
understanding of culinary expectations and needs has resulted in many new and
innovative products. Their investments in infrastructure and technology ensure
that they can scale rapidly and bring these to market. Today, consumers across
the globe count on us to bring them all-natural, wholesome and delicious food
that is also convenient and no-fuss.
They have
also expanded their retail presence significantly: contemporary 'Namma
MTR' and MTR kiosks now serve delighted consumers across
Their Heritage:
At MTR, they are proud
of their rich heritage. Their tradition of food and hospitality began in 1924
with the establishment of the Mavalli Tiffin Room by the Maiyya family in
Culinary secrets
have been protected and handed down over the generations and their food is
based on truly authentic recipes from their region of origin. Their journey to
Quality Policy:
They
are ISO 9002 and HACCP certified
At MTR,
quality is a way of life. Hazard Analysis and Critical Control Point or HACCP,
developed by the Codex Alimentarius Commission, is a global food safety
standard. They have successfully met the stringent requirements for this
certification.
Their
facilities are equipped with the latest systems. They adhere to international
standards across all operations: from sourcing the finest ingredients to
processing and packing using cutting-edge technology. Each MTR product carries
this assurance of quality and meets the high expectations their consumers have
from us.
The MTR
Difference
What makes
MTR a trusted, household name?
Their products are 100% natural have no preservatives and use only the finest,
most authentic ingredients.
Be it an Instant mix or a Ready to Eat dish, pickles or soups, all MTR products
are known for their mouthwatering, "home-cooked" taste.
They adhere to the most stringent quality standards, from sourcing ingredients
to processing and packing. They are ISO 9002 and HACCP certified.
They use the latest technology to preserve the quality and freshness of their
food. Their use of technology from the Defense Food Research Laboratory for
their Ready to Eat products has won us the President's award.
All MTR products are 100% vegetarian.
Namma MTR
Namma MTR is a
unique retail chain that allows their customers to experience the wide MTR
range.
Namma MTR is split into three sections. One section showcases their entire range
of products. The second section is a novel concept kitchen where customers can
interact with specialist chefs to learn about MTR products and watch live
demonstrations. This concept kitchen also works as an ideal platform for
feedback, allowing us to understand and address consumer needs. The third
section offers a variety of fast-food — you can either eat here or get a quick
take-away from the express counter.
True to MTR
tradition, the food is pure, delicious and convenient. The menu offers anytime
snacks, hearty meal combinations and ice-creams at truly, value-for-money
prices. The smart, contemporary ambiance and excellent service make for a
completely international experience. Namma MTR's are now open at
Food Services
Set up a food court
with minimum investment or expand the range of the existing one! Their amazing
range of convenience products allows you to do both quickly and easily. Their
range of Frozen Foods and Ready to Eat dishes are made with cutting-edge
technology from the Defence Research Laboratory,
Institutional
Sales
MTR is a one-stop,
efficient and reliable supplier to reputed hotels, restaurants, institutions
and caterers. The wide range of products they supply include spices, masalas,
instant mixes, vermicelli and accompaniments. Each of these products comes with
the MTR assurance of purity and quality. Convenient delivery formats like
instant mixes allow you to whip up a wide range of dishes in short amounts of
time, regardless of how vast the scale of operation is.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 :
Their 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.
Their 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.50.03 |
|
|
1 |
Rs.74.42 |
|
Euro |
1 |
Rs. 62.71 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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/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 |
|