MIRA
INFORM REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
U.D. FOOD PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
8592 L.I.G. Flats, |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of
Incorporation : |
26.08.2006 |
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Com. Reg. No.: |
55-152534 |
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CIN No.: [Company Identification
No.] |
U15119DL2006PTC152534 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Supplier and Exporter of Corn Puff, Rice Puff, Snack,
Namkeen, Rice Grit, Corn Grit, Corn Sooji, Corn Tukri, Atta, Kachri, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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Status : |
Yet to Commence Business |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
As per the available details the company is yet to commenced its business
activities. Trade relations are fair. Payments are unknown. The company can be considered for business dealings on a secured trade
terms and conditions. The profit and loss of the company is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
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Name : |
Mr. Sanjay Agarwal |
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Designation : |
Director |
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Contact No.: |
91-9810700565 |
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Date : |
05.04.2011 |
LOCATIONS
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Registered Office : |
8592 L.I.G. Flats, |
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Mobile No.: |
91-9810700565 (Mr. Sanjay Agarwal) |
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E-Mail : |
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Area : |
2000 Sq. Ft. (Owned) |
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Corporate Office / Factory : |
G-10, Udyog Kunj, UPSIDC Industrial Area, Near Mehrauli Railway
Station, Ghaziabad-201001, |
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Tel. No.: |
91-120-2762123/2762124 |
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Area : |
4500 Sq. Ft. (Owned) |
DIRECTORS
As on 14.09.2009
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Name : |
Mr. Sanjay Kumar |
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Designation : |
Director |
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Address : |
Sector 136, Shastri Nagar, Ghaziabad-201000, |
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Date of Birth/Age : |
30.11.1966 |
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Date of Appointment : |
26.08.2006 |
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Name : |
Mrs. Seema Aggarwal |
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Designation : |
Director |
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Address : |
Sector 136, Shastri Nagar, Ghaziabad-201000, |
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Date of Birth/Age : |
15.08.1969 |
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Date of Appointment : |
26.08.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 14.09.2009
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Names of Shareholders |
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No. of Shares |
|
Sanjay Kumar |
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10250 |
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Seema Aggarwal |
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10250 |
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Total |
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20500 |
As on 14.09.2009
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of Corn Puff, Rice Puff, Snack,
Namkeen, Rice Grit, Corn Grit, Corn Sooji, Corn Tukri, Atta, Kachri, etc. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
45 (Approximately) |
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Bankers : |
Bank of |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kuldeep Saurabh and Associates Chartered Accountant |
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Address : |
37, Navyug Market, Ghaziabad-201001, |
CAPITAL STRUCTURE
As on 14.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20500 |
Equity Shares |
Rs. 10/- each |
Rs.0.205
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.205 |
0.205 |
0.205 |
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2] Share Application Money |
1.236 |
1.136 |
0.000 |
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3] Reserves & Surplus |
0.675 |
0.675 |
0.675 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
2.116 |
2.016 |
0.880 |
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LOAN FUNDS |
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1] Secured Loans |
4.519 |
0.000 |
0.000 |
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2] Unsecured Loans |
2.386 |
0.836 |
0.713 |
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TOTAL BORROWING |
6.905 |
0.836 |
0.713 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
9.021 |
2.852 |
1.593 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
8.922 |
4.525 |
0.950 |
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Capital work-in-progress |
0.000 |
0.000 |
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 |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.000
|
0.000 |
0.000 |
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Cash & Bank Balances |
0.030
|
0.212 |
0.503 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
0.434
|
0.000 |
0.100 |
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Total
Current Assets |
0.464
|
0.212 |
0.603 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.550
|
1.939 |
0.000 |
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Other Current Liabilities |
0.000
|
0.000 |
0.000 |
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Provisions |
0.032
|
0.007 |
0.003 |
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Total
Current Liabilities |
0.582
|
1.946 |
0.003 |
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Net Current Assets |
(0.118)
|
(1.734) |
0.600 |
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MISCELLANEOUS EXPENSES |
0.217 |
0.061 |
0.043 |
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TOTAL |
9.021 |
2.852 |
1.593 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.54
|
1.38 |
0.81 |
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Current Ratio (Current Asset/Current Liability) |
|
0.80
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0.11 |
201.00 |
LOCAL AGENCY FURTHER INFORMATION
Note: The registered
office of the company has been shifted from A-26, Gautam Nagar, New Delhi-110049,
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
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Charge identification
number of the modified |
10175541 |
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Corporate
identity number of the company |
U15119DL2006PTC152534 |
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Name of the
company |
U.D. FOOD
PRODUCTS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
A-26, Gautam
Nagar, New Delhi-110049, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Others |
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Particular of
charge holder |
Bank of |
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Email |
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Nature of
description of the instrument creating or modifying the charge |
Agreement for
cash credit facility Agreement for
term loan |
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Date of instrument
Creating the charge |
29.06.2009 |
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Amount secured by
the charge |
Rs.10.250
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BPLR Terms of
Repayment On Demand Margin Cash credit
(stock, plant and machinery, book
debts): 25% Term loan (stock,
plant and machinery, book debts): 25% Extent and
Operation of the charge To The Property
Charged And Amount Secured |
|
Short particulars
of the property charged |
I)
Borrower's
stock both present and future, all stock of raw material, w.i.p., semi
finished and finished good, packing material and stores etc. II)
All
the present and future book-debts,
outstandings, monies receivable, claims, bills, contracts, engagements and
securities due and owing to the borrower by any person, firm, company, body
corporate, government. III)
All
the tangible movable machinery and plant, cranes, boats and crafts, vehicles,
spares, tools and accessories,
furniture, fixtures and fittings lying or stores in Udyog Kunj, Industrial
Area, Ghaziabad |
|
Particulars of
the present modification |
Total loan
facility increased to Rs.10.250 millions by enhancing the term loan from
Rs.6.000 millions to Rs. 7.800
millions and cash credit facility from
Rs.2.000 millions to Rs.2.450 millions
Total enhancement
is made of Rs.2.250 millions (Rs.1.800 millions in term loan and Rs.0.450 millions in cash credit facility) |
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] 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.44.20 |
|
|
1 |
Rs.72.25 |
|
Euro |
1 |
Rs.63.09 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
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FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
1 |
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--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
11 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.