MIRA
INFORM REPORT
|
Report Date : |
23.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED |
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Registered Office
: |
Mother Dairy, Patparganj, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
24.03.2000 |
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Com. Reg. No.: |
55-104671 |
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Paid up Capital
: |
Rs, 2500.001 Millions |
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CIN No.: [Company Identification
No.] |
U15209DL2000PTC104671 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM05798C / DELM06025F |
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PAN No.: [Permanent Account No.] |
AACCM3174A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and exporter of dairy products and processed
foods with well established brands such as Mother Dairy (packaged milk, ice-cream,
butter etc.), Safal (fresh fruits and vegetables, purees, pulp, concentrate,
blend, frozen vegetable & fruits etc) and Dhara (packaged edible oil). |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 11000000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However trade relations are reported
as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
LOCATIONS
|
Registered Office : |
Mother Dairy, Patparganj, |
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Tel. No.: |
91-11-46071850 |
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Fax No.: |
91-11-46023652 |
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E-Mail : |
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Website : |
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Factory 1 : |
NDDB House,
Opposite Kamal Cinema Complex, Safdarjung Enclave, |
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Tel. No.: |
91-11-41529100 |
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Fax No.: |
91-11-41527170 |
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E-Mail : |
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Factory 2 : |
Safal Fruit and
Vegetable Unit, Mangolpuri Industrial Area Phase-I, |
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Tel. No.: |
91-11-27910213 / 27921729 |
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Fax No.: |
91-11-27915816 |
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E-Mail : |
DIRECTORS
AS ON 14.09.2009
|
Name : |
Mr. Sanjeev Khanna |
|
Designation : |
Managing Director |
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DIN No.: |
02607765 |
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Address : |
S-108 Block – S, |
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Date of Birth/Age : |
10.07.1960 |
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Date of Appointment : |
27.03.2009 |
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Name : |
Mr. Nagarajan Sivaramakrishnan |
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Designation : |
Managing Director |
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Address : |
120/106, Silver Oak Apartment, DLF Phase I Gurgaon – 122002, |
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Date of Birth/Age : |
17.09.1961 |
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Date of Appointment : |
30.06.2010 |
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Name : |
Ms. Amrita Hirubhai Patel |
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Designation : |
Director |
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DIN No.: |
00065052 |
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Address : |
Savitha, Bikhabhai Marg, Vallab Vidyanagar, Anand – 388120, |
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Date of Birth/Age : |
13.11.1943 |
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Date of Appointment : |
24.03.2000 |
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Name : |
Mr. Deepak Tikku |
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Designation : |
Director |
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DIN No.: |
00064125 |
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Address : |
A-1, NDDB Campus, P. O. Box No. 40, Anand – 388001, |
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Date of Birth/Age : |
19.06.1948 |
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Date of Appointment : |
24.03.2000 |
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Name : |
Ms. Renu Sud Karnad |
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Designation : |
Director |
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Address : |
BB – 14, Greater Kailash, Enclave II, |
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DIN No.: |
00008064 |
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Date of Birth/Age : |
03.09.1952 |
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Date of Appointment : |
22.10.2002 |
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Name : |
Mr. Sampath Parthasarathy |
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Designation : |
Director |
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DIN No.: |
00337667 |
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Address : |
Plot No. 87A, Road No. 9, Film Nagar Jubilee Hills, |
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Date of Birth/Age : |
05.07.1942 |
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Date of Appointment : |
22.10.2002 |
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Name : |
Mr. Ashok Bijapurkar |
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Designation : |
Director |
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Address : |
8CD Mona Apartments, 48F |
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DIN No.: |
00213155 |
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Date of Birth/Age : |
15.08.1949 |
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Date of Appointment : |
16.12.2005 |
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Name : |
Mr. Saugata Mitra |
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Designation : |
Director |
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Address : |
C 2/2524, Vasant Kunj, |
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Date of Birth/Age : |
25.07.1964 |
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Date of Appointment : |
19.03.2010 |
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|
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Name : |
Ms. Sangeeta Talwar |
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Designation : |
Director |
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Address : |
156A, 8B, Main Raj Mahal Vilas Extn., Sadhashiv Nagar, |
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Date of Birth/Age : |
05.05.1956 |
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Date of Appointment : |
30.06.2010 |
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|
|
Name : |
Mr. Akkapeddi Mohan Muralidhar Sarma |
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Designation : |
Director |
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Address : |
Plot No. 28, House 302, Union Bank Colony, Road No. 3, Banjara Hills, |
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Date of Birth/Age : |
12.11.1936 |
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Date of Appointment : |
30.06.2010 |
KEY EXECUTIVES
|
Name : |
Mr. Kishor Kumar Shantilal Mehta |
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Designation : |
Secretary |
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Address : |
Kohal Cottage J- 2, |
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PAN No.: |
ADXPM9931E |
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Date of Birth/Age : |
03.04.1952 |
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Date of Appointment : |
15.08.2003 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Amrita Hirubhai Patel |
|
1 |
|
National Dairy Development |
|
250000069 |
|
Total |
|
250000070 |
(AS ON 30.09.2009)
|
Category |
|
Percentage |
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|
|
|
|
Public Financial Companies |
|
100.00 |
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|
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|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of dairy products and processed
foods with well established brands such as Mother Dairy (packaged milk,
ice-cream, butter etc.), Safal (fresh fruits and vegetables, purees, pulp,
concentrate, blend, frozen vegetable & fruits etc) and Dhara (packaged
edible oil). |
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Products : |
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PRODUCTION STATUS [AS ON 31.03.2010]
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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|
|
|
|
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Bulk Vended Milk
|
Litres |
365000 |
292000 |
407820 |
|
Poly pack milk – milk packing |
Litres |
319375 |
319375 |
209564 |
|
Ice Cream |
Litres |
9125 |
9125 |
13365 |
|
Edible Oil |
Kgs. |
N.A. |
77965 |
34683 |
|
Milk products / others – Milk handling capacity |
Litres |
803000 |
803000 |
27249 |
|
Frozen vegetables |
Kgs. |
6490 |
6480 |
8883 |
|
Fruit Juices, pulps, concentrates |
Kgs. |
48000 |
48000 |
14927 |
|
Juice line production |
Litres |
8400 |
8400 |
197 |
|
Neem Produce |
Kgs. |
N.A. |
10 |
-- |
|
Neem Cake (By Product) |
Kgs. |
N.A. |
2400 |
24 |
|
Neem organic Manure |
Kgs. |
N.A. |
3500 |
942 |
GENERAL INFORMATION
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Bankers : |
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Facilities : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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|
Name : |
S. B. Billimoria and Company Chartered Accountants |
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Address : |
7th Floor, Building 10, Tower B, |
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Tel. No.: |
91-124-6792000 |
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Fax No.: |
91-124-6792012 |
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Holding Company : |
National Dairy Development Board (NDDB) |
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Associates/Subsidiaries : |
Safal National Exchange of India Limited CIN No.: U51909KA2006PLC040569 |
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Fellow Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
867000000 |
Equity Share |
Rs.10/- each |
Rs. 8670.000 Millions |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000070 |
Equity Share |
Rs.10/- each |
Rs, 2500.001
Millions |
|
|
|
|
|
Note :
Of the above 100,000,070 (Previous year 100,000,070) equity shares were
Issued pursuant to a scheme of amalgamation of erstwhile Dhara Vegetable Oil
and Foods Company Limited (DOFCO), without payment being received In cash
All the above sham are held by National Dairy Development Board
(NDDB] and its nominees
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2500.001 |
2500.001 |
1500.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
275.913 |
278.526 |
281.140 |
|
|
4] (Accumulated Losses) |
(21.105) |
(31.995) |
(53.296) |
|
|
NETWORTH |
2754.809 |
2746.532 |
1727.844 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9156.995 |
7946.690 |
7371.440 |
|
|
2] Unsecured Loans |
1112.983 |
1461.476 |
2742.926 |
|
|
TOTAL BORROWING |
10269.978 |
9408.166 |
10114.366 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
Equity Share Suspense Account on Amalgamation |
0.000 |
0.000 |
1000.000 |
|
|
|
|
|
|
|
|
TOTAL |
13024.787 |
12154.698 |
12842.210 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2794.178 |
2037.943 |
2059.443 |
|
|
Capital work-in-progress |
383.868 |
276.662 |
406.061 |
|
|
Capital Advances |
190.459 |
533.301 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
18.013 |
18.006 |
279.396 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5317.105
|
5458.441 |
4950.428 |
|
|
Sundry Debtors |
462.896
|
614.634 |
239.416 |
|
|
Cash & Bank Balances |
4514.278
|
3726.884 |
5567.382 |
|
|
Other Current Assets |
95.595
|
117.564 |
174.906 |
|
|
Loans & Advances |
1713.357
|
1560.503 |
1107.793 |
|
Total
Current Assets |
12103.231
|
11478.026 |
12039.925 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1419.049
|
1210.543 |
|
|
|
Other Current Liabilities |
759.442
|
722.780 |
1705.601 |
|
|
Provisions |
286.471
|
255.917 |
237.014 |
|
Total
Current Liabilities |
2464.962
|
2189.240 |
1942.615 |
|
|
Net Current Assets |
9638.269
|
9288.786 |
10097.310 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13024.787 |
12154.698 |
12842.210 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
39222.191 |
35626.054 |
27230.586 |
|
|
|
Other Income |
487.276 |
612.108 |
789.442 |
|
|
|
TOTAL (A) |
39709.467 |
36238.162 |
28020.028 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenses |
38930.188 |
35263.312 |
27312.793 |
|
|
|
Diminution of Investments |
0.000 |
122.400 |
0.000 |
|
|
|
TOTAL (B) |
38930.188 |
35385.712 |
27312.793 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
779.279 |
852.450 |
707.235 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
452.146 |
565.900 |
395.518 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
327.133 |
286.550 |
311.717 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
316.243 |
247.514 |
237.352 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.890 |
39.036 |
74.365 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
17.735 |
16.667 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
10.890 |
21.301 |
57.698 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(21.105) |
(31.995) |
(53.296) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
478.166 |
607.322 |
469.064 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
28.210 |
20.052 |
44.568 |
|
|
|
Stores & Spares |
2.095 |
4.433 |
3.798 |
|
|
|
Capital Goods |
15.788 |
38.181 |
44.094 |
|
|
TOTAL IMPORTS |
46.093 |
62.666 |
92.460 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.04 |
0.09 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.03
|
0.06 |
0.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.03
|
0.11 |
0.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.07
|
0.29 |
0.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.01 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.62
|
4.23 |
6.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.91
|
5.24 |
6.20 |
LOCAL AGENCY FURTHER INFORMATION
BACKGROUND
The Company was incorporated on 24 March 2000 as a wholly
owned subsidiary of National Dairy Development Board (NDDB), a body corporate
formed under the National Dairy Development Act, 1987 and having its head
office at Anand.
In pursuance of an agreement with NDDB, the Company book
over the specific assets and liabilities of the running business of two units
of NDDB, namely ‘Mother Dairy’ and ‘Fruit and Vegetable Project’ with effect
from April 1, 2000.
The entire manufacturing and processing business of the
company was transferred to wholly owned Subsidiary of the Company, Mother Dairy
Foods Processing Limited (MDFPL), with effect from 1 July 2002.
MDFPL was subsequently amalgamation with the company with
effect from 1 April, 2006, consequent to which, the company acquired the
business of processing, manufacturing and sell of milk, milk products, fresh
and frozen fruit and vegetables, fruit pulp and juice, oil and other foods
products. Dhara Vegetable Oil and Foods Company Limited, a wholly owned
subsidiary of National Dairy Development Board (NDDB) amalgamated with the
Company with effect from 1 April 2007. Consequent to the amalgamation, the
Company acquired the business of processing and manufacturing of Dhara brand
edible oil.
PERFORMANCE OF THE COMPANY
Result
For the year 2009- 10, the company
achieved an overall turnover growth of 9.6%. Milk, Dairy Products, Edible Oil and Horticulture businesses grew by 10.2%,
22%, (-) 18.4% and 22% respectively.
Turnover
The turnover, net of excise, in respect of the business of the Company
increased by Rs.3600 Millions, which is 9.6% higher than the previous
year. This increase results from more volumes sold, better mix of products, and
selective price increases effected during the year. The details of Sales, net
of excise, by segments is given below:
Rs in Millions
|
|
2009-10 |
2008-09 |
%
Growth |
|
|
|
|
|
|
Bulk Vended Milk |
7473.387 |
6228.628 |
20.0 % |
|
Poly Pack Milk |
16050.272 |
15125.702 |
6.1 % |
|
Milk Products |
1921.201 |
1623.562 |
18.3 % |
|
Ice Cream |
1363.372 |
1074.069 |
26.9 % |
|
Fresh Fruit and Vegetable |
2434.094 |
1943.556 |
25.2 % |
|
Frozen Vegetables |
668.846 |
455.294 |
46.9 % |
|
Fruit juice, pulps, Concentrates |
757.735 |
767.757 |
(1.3 %) |
|
Edible Oil |
2477.450 |
3164.289 |
(21.7 %) |
|
Bulk Oil and other sale by DOFCO |
276.442 |
209.225 |
32.1 % |
|
Neem Based Products |
38.638 |
32.514 |
18.8 % |
|
Raw Milk / Commodity |
5760.754 |
5001.458 |
14.0 % |
Milk
and Dairy Products
Milk
The Milk business
is made up of Bulk Vended Milk and Poly Pack Milk which includes variants like Toned, Double Toned, Full Cream and
Lite.
HCR
With respect to bulk vended milk, the Company has
increased the sales and has recorded a growth of 15.4% by volume and 19.9% by
volume over the last year. The Company sold 3851 lakh litres (PY 3336 lakh
litres) of Bulk Vended Milk, at an average of 10.55 LLPD (PY 9.14 LLPD) and achieved a turnover of Rs.7470
Millions (PY Rs.6230 Millions) during the year.
In respect of Poly pack milk (PPM), the
Company recorded a growth of 4.6% by volume and 9.7% by value over the
last year.
The Company sold 5513 lakh litres (PY
5269 lakh liters) of Poly pack Milk, at an average of 15.10 LLPD (PY 14.44 LLPD) and achieved a turnover of Rs. 12820 Millions (PY Rs. 11690 Millions)
during the year.
The above includes PPM sales for the trial period up to September, 2009 at Pilkhuwa Polypack Plant for which the financial results
have been capitalized.
Outside NCR
During the year, the sale in markets other than NCR viz. Mumbai, Punt,
Dairy Products
The Dairy Products business comprised Curd, Lassi, Chach, Probiotic range of products,
flavored milk, Ice cream, Cheese, Paneer, Butter, Ghee and UHT milk. The year 2009- 10 witnessed
further consolidation in the Dairy Products business category.
Mi& Products recorded a growth of 21.76%
in its turnover from Rs. 2700 Millions to Rs. 3280 Millions.
In the cold chain, Ice Cream sales were 170
lakh liters (PY 142 lakh litres), a growth of 19.7%
during the year. The sales turnover from Ice Cream increased to Re. 1360 Millions (PY Rs. 1070 Millions) , a growth of 27 percent.
In the prestigious Economic Times Brand Equity
Survey 2009, for the second consecutive year, brand 'Mother Dairy' featured
among the top 10 Brands in
Edible Oil
During the year 2009-2010, Dhara
SBU registered a salt of 34894 MT compared to 38848 MT achieved during
2008-2009. It was a year of turbulence which saw oilseed production reducing to
263 lakh MT , a decline of 35
lakh tons compared to the production in 2007-08, on account of an
inadequate monsoon and late floods in the South which affected Oilseeds production. The projected demand for
edible oils in
Horticulture
The Horticulture Business recorded a growth of 2 1.9 % by value over the last year and achieved a
turnover of Rs.3900 Millions (PY Rs.3200 Millions). This is inclusive of the frozen category of
Rs. 669 Millions (PY Rs.455 Millions).
Fresh Fruit and Vegetables
The Company sold 161 141 MT of Fruit and Vegetables (PY 150586 MT), at an average of
442 MTD (PY 4 13 MTD) and posted a growth of around 25 % by value over the last year and achieved a
turnover of Rs.2434.100 Millions (PY Rs. 1943.600 Millions) during the year.
The year saw a major review of plans by all the fresh F&V businesses in
Pulp and Concentrates and other Exports
The total sale of Pulp and concentrate and other F&V exports was 16,106 MT (PY 14,702 MT)
registering a turnover of Rs. 842.100 Millions (PY Rs.772.300 Millions).
The year saw a major development in this
business category. Almost all the major processors
increased their capacity during FY 2009-10 as the demand for processed mango
pulp increased, particularly in the domestic market. The year saw a decline in international demand due to
the economic recession in Western and European
markets. This induced the Company to expand its presence in the
Domestic market. Strategically the company de-bonded the Mumbai unit from its
earlier EOU status to cater to
the increasing demand of the domestic market.
The company increased its processing capacity to 13 MT/Hr in FY-2009-10 compared to
8 MT/Hr in FY 2008-09. The share of non-mango
products has been increased to enhance capacity utilization round the year.
Towards this the company installed and commissioned a Gherkin processing line
at
The company is already exporting fresh grapes
every year and during FY 2009- 10 it exported 386 MT. For the first time since its
inception, the company exported a total of 486 MT of fresh Banana and Onions to the
The year began with an
encouraging growth in the frozen
vegetable export business, which grew by more than 330 % in the FY- 2009-10. The company exported 545
MT of from products during FY 2009- 10.
Neem Baaed Products
The Company sold 2787 MT of Neem based
Products (PY 2136 MT) with a growth of 30% registering
a turnover of Rs. 38.600 Millions (PY Rs.32.500 Millions).
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U15209DL2000PTC104671 |
|
Name of the
company |
MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Mother Dairy, Patparganj, |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts |
|
Particular of
charge holder |
HDFC Bank Limited HDFC Bank Housesenapati Bapat Marg Mumbai – 400013, |
|
Nature of
instrument creating charge |
1. Letter of Hypothecation of Stocks dated 09.08.2010 and 2. Letter of Hypothecation of Book Debts dated 09.08.2010 |
|
Date of
instrument Creating the charge |
09.08.2010 |
|
Amount secured by
the charge |
Rs. 50.000 Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest Rate of Interest is Nil Terms of repayment Maximum Tenor of Bank Guarantee 18 Months including Claim Period Margin NIL (However, 100% cash margin for Bank Guarantees covering disputed
liabilities) Extent and operation of the charge First charge by way of hypothecation of Stocks and Debtors of Dhara
Oil Operations of the Company, ranking pari passu with the charges created or
to be created in favour of Banks and /or Financial Institutions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Stocks and Debtors of Dhara Operations of the Company at:
|
FIXED ASSETS
- Land
- Building /
Improvements to Buildings
- Plant and
Machinery
- Furniture and
Fixture
- Vehicles
AS PER
WEBSITE DETAILS
PROFILE
Mother Dairy –
Mother Dairy markets & sells dairy products under the Mother Dairy brand
(like Liquid Milk, Dahi, Ice creams, Cheese and Butter), Dhara range of edible
oils and the Safal range of fresh fruits & vegetables, frozen vegetables
and fruit juices at a national level through its sales and distribution
networks for marketing food items.
Mother Dairy sources significant part of its requirement of liquid milk from
dairy cooperatives. Similarly, Mother Dairy sources fruits and vegetables from
farmers / growers associations. Mother Dairy also contributes to the cause of
oilseeds grower cooperatives that manufacture/ pack the Dhara range of edible
oils by undertaking to nationally market all Dhara products. It is Mother
Dairy’s constant endeavor to
(a) Ensure that milk producers and farmers regularly and continually
receive market prices by offering quality milk, milk products and other food
products to consumers at competitive prices and;
(b) Uphold institutional structures that empower milk producers and
farmers through processes that are equitable.
At Mother Dairy, processing of milk is controlled by process automation whereby
state-of-the-art microprocessor technology is adopted to integrate and
completely automate all functions of the milk processing areas to ensure high
product quality/ reliability and safety. Mother Dairy is an ISO 9001:2008
(QMS), ISO 22000:2005 (FSMS) and ISO 14001:2004 (
Mother Dairy markets approximately 2.8 million liters of milk daily in the
markets of
The company’s derives significant
competitive advantage from its unique distribution network of bulk vending booths,
retail outlets and mobile units. Mother Dairy ice creams launched in the year
1995 have shown continuous growth over the years and today boasts of
approximately 62% market share in
The company markets an array of
fresh and frozen fruit and vegetable products under the brand name SAFAL
through a chain of 400+ own Fruit and Vegetable shops and more than 20,000
retail outlets in various parts of the country. Fresh produce from the
producers is handled at the Company’s modern distribution facility in
Mother Dairy has also been marketing the Dhara range of edible oils for the
last few years. Today it is a leading brand of edible oils and is available
across the country in over 2,00,000 outlets. The brand is currently available
in the following variants: Refined Vegetable Oil, Refined Soybean Oil, Refined
Sunflower Oil, Refined Rice Bran Oil, Kachi Ghani Mustard Oil and Filtered
Groundnut Oil. Mother Dairy has also launched extra virgin Olive Oil under the
Daroliva brand.
Mother Dairy has over the last 3 decades, harnessed the power of farmer
cooperatives to deliver a range of delicious products and bring a smile on the
face. In times to come, Mother Dairy shall strive to remain one of
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 :
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.44.37 |
|
|
1 |
Rs.72.34 |
|
Euro |
1 |
Rs.63.87 |
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 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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.