MIRA
INFORM REPORT
|
Report Date : |
22.11.2008 |
IDENTIFICATION DETAILS
|
Name : |
SRESTA NATURAL BIOPRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
No.203, Pavani Annexe, Road No. 2, Banjara Hills, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
09.03.2004 |
|
|
|
|
Com. Reg. No.: |
01-42837 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U01122AP2004PTC042837 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
HYDS07392A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers, Exporter, Importer and Dealer of Organic
Food Products and Beverages. |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
|
|
|
|
|
Maximum Credit Limit : |
USD 180000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track records. Its profitability is under
severe pressure, having good amount of accumulated losses. Payments are reported
as slow but correct. The company can
be considered for small to mediocre business dealings with slight caution,
initially. |
INFORMATION PARTED BY
|
Name : |
Mr. Shrikant G |
|
Designation : |
Front Officer |
|
Date : |
22.05.2008 |
LOCATIONS
|
Registered Office : |
No.203, Pavani Annexe, Road No. 2, Banjara Hills, |
|
Tel. No.: |
91-40-27893028/ 23543766 |
|
Mobile No.: |
91-9885670385 |
|
Fax No.: |
91-40-27893029/ 23543767 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Sresta House, Plot # 7, LIC Colony, |
|
Tel. No.: |
91-40-27893028 |
|
Fax No.: |
91-40-27893029 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
Survey No. 536, |
|
Tel. No.: |
91-8418-260536 |
|
Location : |
Rented |
DIRECTORS
|
Name : |
Mr. Rajashekar Reddy Seelam |
|
Designation : |
Chairman Cum Managing Directors |
|
Address : |
203, Pavani Annexe, Road 2, Banjara Hills, |
|
Date of Birth/Age : |
20.09.1964 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
09.03.2004 |
|
|
|
|
Name : |
Mrs. Renuka Rajashekar Seelam |
|
Designation : |
Director |
|
Address : |
203, Pavani Annexe, Road 2, Banjara Hills, |
|
Date of Birth/Age : |
25.08.1970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
09.03.2004 |
|
|
|
|
Name : |
Mr. A. Ramammurthy Ramesh |
|
Designation : |
Director Nominee (APIDC Venture Capital Limited) |
|
Address : |
7-1-77/C, |
|
|
|
|
Name : |
Mr. K Pandiarajan |
|
Designation : |
Director |
|
Address: |
AJ 254, Street, 9th Main Raod, Shanti Colony, Anannagar,
Chennai-600040, |
|
Date of Birth/Age : |
26.04.1959 |
|
Date of Appointment : |
14.06.2005 |
|
|
|
|
Name : |
Mr. Kundur C. Reddy |
|
Designation : |
Director |
|
Date of Appointment : |
16.05.2007 |
|
|
|
|
Name : |
Mr. A Ramesh |
|
Designation : |
Director |
|
Address: |
7-1-77/C, |
|
Date of Birth/Age : |
21.05.1957 |
|
Date of Appointment : |
20.09.2006 |
|
Other Directorship: |
Dynam Venture East Private Limited U85110TN1994PTC027416 Suyog Chemicals Private Limited U24110MH1984PTC033417 Moschip Semiconductor Technology Limited L31909AP1999PLC032184 Triad Fuel Engineering Private Limited U63033KA2001PTC032184 Vibromech Engineers and Services Limited L29211TN1973PLC006495 Biioserve Biotechnologies ( U72200AP1994PTC017063 Marillion Pharmaceuticals India Private Limited U24239AP2005PTC048633 Cecilia Healthcare Services Private Limited U85110AP2005PTC048536 Ventureast Drug Discovey Sevices Private Limited U242997AP2006PTC050815 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 22.09.2007)
|
Names of Shareholders |
|
No. of Shares |
|
Equity Shares |
|
|
|
Rajashekar Reddy Seelam |
|
771500 |
|
Renuka Rajashekar Seelam |
|
274750 |
|
Sivasankara Prasad Yedla |
|
50000 |
|
Vijay Bhaskar Reddy Seelam |
|
50000 |
|
K Pandiarajan |
|
100000 |
|
VSK Kishore |
|
20000 |
|
Meena Mohan |
|
25000 |
|
K Misra |
|
100000 |
|
Sunil Jalihal |
|
14000 |
|
Ventureast Trustee Company Private Limited |
|
1905 |
|
V Sriram Rao |
|
10000 |
|
|
|
|
|
Total |
|
1417155 |
|
|
|
|
|
Preference
Shares |
|
|
|
Venture Trustee Company Private Limited |
|
1903651 |
|
|
|
|
|
Total |
|
1903651 |
As on 31.12.2007
|
Names of Shareholders |
|
No. of Shares |
|
Rajasekhar Reddy Seelam |
|
251000 |
As on 12.06.2008
|
Names of Shareholders |
|
No. of Shares |
|
Rajasekhar Reddy Seelam |
|
448469 |
|
K Pandiarajan |
|
42027 |
|
Renuka Seelam |
|
182108 |
|
YSS Prasad |
|
17500 |
|
Ventureast Trustee Company Private Limited |
|
800 |
|
K Jaishree |
|
10000 |
|
Total |
|
700904 |
Equity Share Breakup (Percentage of Total Equity)
(As on 30.09.2007)
|
Names of Shareholders |
|
Percentage |
|
|
|
|
|
Bodies Corporate |
|
57.32 |
|
Directors or Relatives of Directors |
|
42.68 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Exporter, Importer and Dealer of Organic
Food Products and Beverages. |
|
|
|
|
Products : |
Pickles and Chutneys
: Bombay Pulao (Rice with various vegetables) Lemon Pickle (Spicy)
Masalas and Curry
Paste : Dal Masala
Chutney Powder : Dal Chutney powder
Spice pastes Ginger Paste
Spices - Whole & Powders
Chilly
Sweeteners Jaggery
Edible oils Peanut oil
Coffee : § Green beans §
Roasted beans §
Ground coffee
Papadams : Soy Masala § Punjabi Masala Culinary herbs Dried Basil Marjoram |
|
|
|
|
Exports : |
|
|
Products : |
All Products |
|
Countries : |
European Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
GENERAL INFORMATION
|
No. of Employees : |
Around 100 [In Office 30 and In Factory 70] |
|
|
|
|
Bankers : |
· State Bank of · HDFC Bank
Limited, Paridige Branch, |
|
|
|
|
Facilities : |
The existing cash credit limits of Rs. 4.000 millions have been
enhanced to Rs. 11.000 millions as follows: Cash Credit hypothecation Rs. 10.000 millions Foreign Packaging credit and Foreign bills discounting Rs. (7.500)
millions (sub limit of CC hypothecation) Bank Guarantee Rs. 1.000 million |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Gandhi and Gandhi Chartered Accountants |
|
Address : |
1002, |
CAPITAL STRUCTURE
As on 22.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs. 10/- each |
Rs.25.000 millions |
|
2000000 |
Preference Shares |
Rs. 10/- each |
Rs.20.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs. 45.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1417155 |
Equity Shares |
Rs. 10/-
each |
Rs.14.172
millions |
|
1903651 |
Preference Shares |
Rs. 10/-
each |
Rs.19.036
millions |
|
|
|
|
|
|
|
Total |
|
Rs.33.208 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
33.208 |
11.652 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
33.044 |
2.100 |
0.000 |
|
|
4] (Accumulated Losses) |
(20.482) |
(4.443) |
(0.747) |
|
|
NETWORTH |
45.770 |
9.309 |
1.253 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.968 |
0.568 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
3.676 |
|
|
TOTAL BORROWING |
2.968 |
0.568 |
3.676 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
48.738 |
9.877 |
4.929 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.442 |
1.230 |
0.524 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
24.918 |
0.800 |
0.000 |
|
|
DEFERREX TAX ASSETS |
8.173 |
1.362 |
0.252 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.735
|
4.111 |
2.260 |
|
|
Sundry Debtors |
3.416
|
1.661 |
0.000 |
|
|
Cash & Bank Balances |
1.967
|
0.022 |
0.999 |
|
|
Other Current Assets |
0.093
|
0.158 |
0.038 |
|
|
Loans & Advances |
0.000
|
0.004 |
0.028 |
|
Total
Current Assets |
10.211
|
5.956 |
3.325 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
1.592
|
0.350 |
0.194 |
|
|
Provisions |
0.073
|
0.000 |
0.078 |
|
Total
Current Liabilities |
1.665
|
0.350 |
0.272 |
|
|
Net Current Assets |
8.546
|
5.606 |
3.053 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.659 |
0.879 |
1.100 |
|
|
|
|
|
|
|
|
TOTAL |
48.738 |
9.877 |
4.929 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover |
|
20.266 |
9.574 |
|
|
Other Income |
|
0.564 |
0.030 |
|
|
Total Income |
|
20.830 |
9.604 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
(22.777) |
(4.806) |
|
|
Provision for Taxation |
|
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
|
(22.777) |
(4.806) |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Direct Expenses |
|
19.801 |
7.298 |
|
|
Administrative and Selling Expenses |
|
23.574 |
6.916 |
|
|
Financial Charge |
|
0.232 |
0.196 |
|
|
Other Expenditure |
|
0.000 |
0.000 |
|
Total Expenditure |
|
43.607 |
14.410 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
(109.35)
|
(50.04) |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(112.39)
|
(50.20) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(136.77)
|
(66.88) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.50)
|
(0.52) |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.10
|
1.10 |
4.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.13
|
17.01 |
12.22 |
LOCAL AGENCY FURTHER INFORMATION
Review of
Operations:
The Companys sales have increased form Rs. 5.460 Million to 15.300 Millions
during the current financial year ending 31st March 2007 as compared
to previous financial year. Further the Company has also started exports and
made an export turnover of Rs. 2.590 Millions during the current year. The
Company has incurred a loss fo Rs. 14.040 Millions as against Rs. 3.700
Millions for the previous years.
The financial year 2006-2007 is the first full year of operations of the
company. The company has been expanding to more of locations are there has been
huge marketing expenditure and in view of the same the company has incurred
loses.
The company management is putting all its efforts to bring awareness
about organic food in
Trade References:
- Spencer Retails Limited
- Hypermax
- S P Stores
Bankers Charges
Report as per Registry
|
Name of the company |
SRESTA NATURAL BIOPRODUCTS PRIVATE LIMITED |
|
Presented By |
Mr. S. Rajashekar Reddy |
|
1) Date and description of instrument creating the change |
Agreement of loan for overall limit dated 27.04.2005
Agreement of hypothecation of goods and assets dated 27.04.2005
Agreement of pledge of goods and assets dated 24.04.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Cash credit Rs. 4.000 millions |
|
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 |
Hypothecation of stock |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Cash credit interest @ 12.25% p.a. Terms and conditions as per the loan agreement |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of Yellareddy Guda Branch - 3257, |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the Details of the modification. |
NA |
|
This form is for |
Modification of
charge |
||||||||||||||||||
|
Charge
identification number of the modified |
90128834 |
||||||||||||||||||
|
Corporate
identity number of the company |
U01122AP2004PTC042837 |
||||||||||||||||||
|
Name of the
company |
SRESTA NATURAL BIOPRODUCTS PRIVATE LIMITED |
||||||||||||||||||
|
Address of the
registered office or of the principal place of business in |
No.203, Pavani Annexe, Road No. 2, Banjara Hills, |
||||||||||||||||||
|
Type of charge |
Book Debts Movable Property Immovable
Property |
||||||||||||||||||
|
Particular of
charge holder |
State Bank of |
||||||||||||||||||
|
Nature of
description of the instrument creating or modifying the charge |
|
||||||||||||||||||
|
Date of
instrument Creating the charge |
03.01.2008 |
||||||||||||||||||
|
Amount secured by
the charge |
Rs. 11.000
Millions |
||||||||||||||||||
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As applicable to
SB-4 credit rating i.e. 2.50% over SBAR (Presently at 12.75% p.a.) with an
effective rate being 15.25% p.a at monthly rests Terms of
Repayment Working Capital: Period: 12 Months Repayable on
demand Margin
Extent and
Operation of the charge The charge
operates as a security for the repayment of credit facility availed by the
Company together with the payment of interest and any other charges, costs
and expenses payable to or incurred by the Bank |
||||||||||||||||||
|
Particulars of
the present modification |
The existing cash
credit limit of Rs. 4.000 Millions have been enhanced Rs. 11.000 Millions as
follows. Cash Credit
hypothecation Rs. 10.000 Millions Foreign Packaging
Credit and Foreign bills discounting (Sub Limit of CC hypothecation) Rs.
7.500 Million Bank Guarantee
Rs. 1.000 Million Total Rs. 11.000
Millions. |
Fixed Assets:
·
Car
·
Computer
·
Computer Software
·
EPBAX
·
Furniture and Fixture
·
Plant and Machinery
·
UPS
·
Weighing Schale
AS PER WEB:
History:
Food is the strength that builds the fabric of life. But with modern
industrialized farming systems food has lost its purity. Keeping this in mind
they at Sresta Natural Bioproducts Private Limited have made the ancient
24-letter feeding principle the guiding principle of their commitment to
promote sustainable lifestyles and livelihoods.
Tvam Bhumir Apo Analo Anilo Nabha-
You alone are Earth. Water, Fire, Air & Ether is the blend of all basic
elements that compose wholesome food. And what better way to wholesome food
than organic food.
Organic food is cultivated without the use of pesticides, fungicides,
herbicides or fertilizers. Their exclusive organic retail outlets 24 Letter
Mantra stocks wide range of organic and natural food products that aim to give
you a life filled with sunshine, happiness, caring, trust and humor.
Subject is promoted and professionally managed by people with extensive
experience in Agribusiness and senior managerial experience. This is the first
organized effort on a nationwide basis to produce and market Indian Organic
products systematically in
Subject has more than 10000 acres under Organic cultivation across various
states of
Profile:
Sresta means Excellence. And true to its name Sresta was founded on the
vision of enhancing the quality of lives of the customers, the people and the
farmers with products that support health and wellbeing.
At Sresta they are committed to providing the highest quality, organic food in
Headquartered in
·
Farming
·
Processing
·
Packaging
·
Domestic Retailing
·
Exports
The-Stop for Organic products
At Sresta, they produce food with Values that remembers its roots.
Subject offers a wide variety of produce and products ranging from fresh fruits
& vegetables, purees and juices, Commodities and over 300 retail food
products. The products are certified for EU 2092/91, USA NOP and Indian NPOP
standards.
VALUES & BELIEFS
·
Achieve Global excellence with respect to products,
processes, practices and people by benchmarking with the best.
·
Deliver outstanding value to customers by
innovating continuously and by fast responsiveness.
·
Respect and encourage each individuals ability,
creativity and teamwork.
·
Fair & Ethical dealing with all constituents
customers, farmers, suppliers, shareholders, employees, Government & others
stakeholders.
People:
Sresta team has 60 full time trained, well qualified and experienced
people. Apart from the full time staff Sresta has retained consultants for
specialized projects and also employees another 30 people indirectly through
partner NGOs. The expertise of the people range from Agriculture production,
supply chain management, Food technology, processing, quality assurance, sales
& marketing, International trade, Finance and accounts.
Farmind Project
Subject is involved from Seed to Kitchen stage and has dedicated
relationships with thousands of farmers across the country. Their field
production projects are spread across the country and across varied
agro-climatic zones. This translates into:
- Ability to
produce a wide range of crops
- Ensure
quality by choosing the right seed, soil & climate
- Close
guidance and monitoring of field practices for various crops
- Reduce
production risks associated with nature by having at least two production
centers for most crops
Currently they have over 10000 acres across the country under various stages
of Organic production. They take maximum advantage of the varied agro-climatic
zones and produce crops which are native to that particular place and also take
consideration the climatic conditions and soil, which translates into quality
produce.
All their projects are supervised by their team members located across
the country. Their inclusive model involves partnering with Local Non
Governmental organizations in mobilizing farmers and training them in Organic
agriculture. They partner with leading Agriculture research institutions and
experts in
They have their projects in various parts of Rajasthan, Orissa, Tamil
Nadu, Karnataka, Kerala, Andhra Pradesh, Maharashtra,
They also work with other certified Organic producers across the
country.
Their sourcing of products from various places across the country ensures
consistent supply of products and variety to choose from. And the
certifications ensure that you get the best product with complete assurance.
Processing:
Sresta's strong domestic marketing presence along with a wide
range of products translates into many benefits:
Processing infrastructure both owned, and outsourced across
·
People located across the country.
·
Regularly used facilities.
·
Experience in handling and processing of various
products.
The central storage and processing facility is located in
The processing
facilities include
·
ECO2 treatment
·
Grain cleaning and grading
·
Facilities for processing of Rice, Wheat, Millets,
Lentils, Edible oil, spices grinding
·
Preparation of spice pastes, masalas
·
Chutneys, pickles, jams, fruit products
·
Papadums
·
Ready-to-eat and Ready-to-cook products
·
Fruit & vegetable packhouses
·
IQF & frozen products
·
Purees & Juices
·
Dehydrated products
·
Confectionary
·
Baking etc
The packaging facilities can handle packing from 10 gms to 25 Kg including
Nitrogen flushed packing and vaccum packing. All the facilities follow GMP, GHP
and many of the facilities are certified for HACCP and some are certified for
ISO 22000 and BRC. This translates into high efficiency, high throughput,
flexibility and excellent quality.
The trained team of food technologists supervises all the operations. The
Sresta quality assurance ensures that all required standards are adhered to at
various stages of handling and production.
Research and
Development:
Developing new products is a passion and also a necessity for them. With
the stated objective of providing at least 90% of the family food basket in the
next few years, this is of top importance to them. They have a strong R&D
team focused on food products and also work with many Research Institutions and
experienced food consultants to create new and unique products. Over the last
two years they have been successful in launching over 300 products ranging from
different flours, to differently milled rice, processed products like Chutneys,
Ready to Eat (RTE) & Ready to Cook (RTC) products, jams, pickles, masalas,
ready to eat foods, Nutrition Bars, Ayurvedic Cookies, health drinks etc.
Having the own stores and dedicated partnerships with Retailers in
The product development efforts start with a concept and a search for
the recipes. This often takes them to the homes of families who have perfected
the art of fine cooking over many generations. Then the culinary experts in the
trial kitchen experiment and fine tune the recipe. They then work with experts,
research institutions and manufacturing partners to develop the production
technology. They strictly adhere to the Organic protocol.
Take the example of the Ayurvedic cookies and health drinks where they
have worked with a leading research institution with in depth knowledge in
Ayurvedic and local health traditions and capabilities in product development.
·
First they researched the Sastras (Traditional
Ayurvedic texts) to identify appropriate and authentic Ayurvedic formulae for
the various purposes intended by them.
·
The next step was to identify the appropriate
vehicles for presenting the benefits. In this case they choose Cookies and
health drinks to incorporate the Ayurvedic formulae.
·
They then developed an appropriate recipe for the
cookies and lealth drinks in consultation with Vaidyas (Ayurvedic Doctor).
This was essential to ensure that the other ingredients had a synergistic or
neutral effect on the intended benefit.
·
Then the production methods were developed keep in
view the handling properties of the Ayurvedic formula.
·
The products were produced in the Lab and
palatability and shelf life tests were done. The recipe and production methods
were further fine tuned.
·
Finally the skilled bakers took over to add there
own experience and unique touch to come out with exemplary products.
·
The end result - Immuno cookies, Ayurvedic health
cookies, Digestive cookies, Breath easy Cake, Diabetic cookies.
Sresta is the one stop shop for huge range of exemplary Organic Indian
food products. Come partner with them for mutual benefit.
Exports:
Indian food is the second most popular cuisine in the world and is
discovering new fans across the seas. Global opportunities have also created a
burgeoning Indian Diaspora. In an attempt to capture this segment and also give
a taste of Indian recipes to the local customers, they can provide the right
kind of platform to set up an Indian food' counter in the premises.
The bouquet of products includes Ready-to-eat rice, Curries, Chutneys,
Pickles, Curry pastes, Masalas and Spices etc. Whether you choose from the wide
range of internationally accepted offerings or seek tailor-made products, they
can cater to all requirements.
Indian food and spices, Sresta provides an entire range and variety in
Organic food. The integrated operations starting from farming, processing,
product development, manufacturing and retailing in
Partnering with
Sresta
A leading Organic Retailer in
The Domestic Retail operations give them the customer insights to
develop products and retail concepts. They can also develop customized products
according to the requirements. They present you a wide range of products from
the portfolio.
With the integrated operations involving field production, processing,
product development, packing and retailing, e bring you the advantage of total
control over the product quality, and availability of wide variety of products
Ready to eat
Indian foods : In heat and serve form
Pickles&
Chutneys : Used as accompaniment with Indian food Pickles
Chutneys
Masalas & Curry
Paste : Used for making Indian dishes
Chutney
Powder : Used as accompaniments with Indian breakfast preparations like
Idly, Dosa etc.
Spice
pastes : Used as an ingredient in most Indian preparations
Spices - Whole &
Powders
Sweeteners
Edible oils
Coffee : Green beans,
roasted beans and ground coffee
Papadams : made using
different lentils and Rice flour, they are an essential part of an Indian meal.
It is used popularly as a snack and also as a starter. They can be fried,
roasted on a low flame or in a microwave oven. Available in different flavours
and sizes. Also
Culinary herbs
Marjoram
Dried Basil
Oregano
Pepper mint leaves crushed
Spear mint leaves crushed
Domestic:
Tvam Bhumir Apo Analo Anilo Nabha- You alone are Earth. Water, Fire, Air
& Ether is the blend of all basic elements that compose wholesome food. And
what better way to wholesome food than organic food. To provide the benefits of
Organic food, they have started
At 24 Letter Mantra, they provide over 800 products under Organic range to meet
the daily needs of the consumers. The range comprises of Fresh Fruits &
Vegetables, Grocery, Bakery, Processed products and personal products. They
also have a Organic food court at the
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 Intl
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a companys management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.03 |
|
|
1 |
Rs.74.42 |
|
Euro |
1 |
Rs.67.71 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
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 |
|