Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
USHODAYA ENTERPRISES PRIVATE LIMITED |
Principal Name 1 |
Mr. Kiron Cherukuri |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ramoji Rao |
|
|
|
Registration # |
01-1763 |
|
Street Address |
6-3-570, Eenadu Compound, Somajiguda, Hyderabad – 500 082, Andhra
Pradesh, India |
||
|
Established Date |
19.12.1973 |
SIC Code |
-- |
|
Telephone# |
91-40-2331 8181 |
Business Style 1 |
Newspaper Publisher. |
|
Fax # |
91-40-2331 8555 |
Business Style 2 |
Manufacturers |
|
Homepage |
Product Name 1 |
Pickles |
|
|
# of employees |
626
(Approximately) |
Product Name 2 |
Spices |
|
Paid up capital |
Rs.
12,628,000/- |
Product Name 3 |
Sweet Pickles |
|
Shareholders |
Directors
or relatives of directors-60.98% Bodies Corporate-39.02% |
Banking |
Union Bank of |
|
Public Limited Corp. |
-- |
Business Period |
38 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
B (31) |
|
Related
Company |
|||
|
Relation - |
Country
|
Company
Name |
CEO |
|
Associates |
India |
Dolphin Hotels Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,658,924,000 |
Current Liabilities |
1,454,855,000 |
|
Inventories |
993,923,000 |
Long-term Liabilities |
3,799,272,000 |
|
Fixed Assets |
11,281,976,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
5,254,127,000 |
|
Invest& other Assets |
2,619,578,000 |
Retained Earnings |
15,948,106,000 |
|
|
|
Net Worth |
15,300,274,000 |
|
Total Assets |
20,554,401,000 |
Total Liab. & Equity |
20,554,401,000 |
|
Total Assets (Previous Year) |
24,136,368,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
12,218,000,000 |
Net Loss |
(114,617,000) |
|
Sales(Previous yr) |
12,239,800,000 |
Net Loss
(Prev.yr) |
(1,492,159,000) |
MIRA
INFORM REPORT
|
Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
USHODAYA ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Formerly Known As : |
USHODAYA PUBLICATION PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Enadu Compound, 6-3-570,
Somajiguda, Hyderabad - 500 082, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
19.12.1973 |
|
|
|
|
Com. Reg. No.: |
01-001763 |
|
|
|
|
Capital Investment / Paid-up Capital : |
Rs. 12.628 millions. |
|
|
|
|
CIN No.: [Company
Identification No.] |
U99999AP1973PTC001763 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
HYDU00425F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACU2690P |
|
|
|
|
Legal Form : |
Private limited
liability company |
|
|
|
|
Line of Business : |
Engaged in as
Newspaper Publisher. It is also
engaged in as Manufacturers of pickles, spices and mango bars. |
|
|
|
|
No. of Employees : |
626
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 61000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company is under pressure. 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. The company can be considered for business dealings with some caution. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered/
Corporate Office : |
Enadu Compound,
6-3-570, Somajiguda, |
|
Tel. No.: |
91-40-2331 8181 |
|
Fax No.: |
91-40-2331 8555 |
|
E-Mail : |
|
|
Website : |
|
|
Telex : |
91-40-0425-6521
USHA IN |
|
Area : |
6 storied |
|
Location : |
Rented |
|
|
|
|
Head Office : |
B-493, Industrial
Estate, |
|
Tel. No.: |
91-836-2331697/
2335971/ 4252697 |
|
Fax No.: |
91-836-2331698 |
|
|
|
|
Factory : |
Plot No.A1/1
(Part), Block No.3, IDA, Uppal, Hyderabad-500082, |
|
Tel. No.: |
91-40-27200351/
27720354/ 23220446/ 232200440/ 232200421/ 55666638 |
|
Fax No.: |
91-40-27200248/
23220487 |
|
E-Mail: |
|
|
Website: |
|
|
|
|
|
Factory 2 : |
(Priya Foods
Division) D. No.3-5-907/2, Unit
Nos. 101 and 102, Mahaveerlok complex, Himalayathnagar, Hyderabad-500029,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-23220446/
23220421 |
|
Fax No.: |
91-40-23220487 |
|
E-Mail : |
|
|
|
|
|
Branches : |
Publishing
Units:
Printing Centre :
|
|
|
|
|
Branches : |
Priya Food
Division |
|
Address: |
Eenudu Complex,
Somajiguda, Tel. No.: 91-40-23323717/
23324727 Fax No.:
91-40-23393640 Poranki,
Vijaawada – 521 137, |
|
|
|
|
Branches: |
For Export and
Edible Oils |
|
Address: |
D. No. 3-5-907/2,
Unit Nos. 101 and 102, Mahaveerlok Complex, Himayath Nagar, Hyderabad- 500 029,
Andhra Pradesh, India |
|
Tel. No. : |
91-40-23220446/
23220421 |
|
Fax No. : |
91-40-23220487 |
|
|
|
|
Branches: |
Eenadu Television
Division : |
|
|
|
|
Branches: |
Entertainment
Division : |
DIRECTORS
AS ON :30.09.2009
|
Name : |
Mr. Ramoji Rao |
|
Designation : |
Chairman and
Editor |
|
Address : |
Chiramal’s
Residency, |
|
Date of Birth/Age : |
16.11.1936 |
|
Date of Appointment : |
12.08.1974 |
|
DIN No : |
00089012 |
|
|
|
|
Name : |
Mr. Ramamohana Rao Atluri |
|
Designation : |
Director |
|
Address : |
104, Jubilee
Hills Co-Operative Housing Society, Colony Banjara Hills, |
|
Date of Birth/Age : |
05.10.1935 |
|
Date of Appointment : |
05.03.1986 |
|
DIN No : |
01557190 |
|
|
|
|
Name : |
Mr. Kiron Cherukuri |
|
Designation : |
Managing Director |
|
Address : |
3 |
|
Date of Birth/Age : |
21.05.1962 |
|
Date of Appointment : |
01.02.1996 |
|
DIN No : |
00833663 |
|
|
|
|
Name : |
Mrs. Suman Cherukuri |
|
Designation : |
Managing Director |
|
Address : |
3, |
|
Date of Birth/Age : |
23.12.1966 |
|
Date of Appointment : |
01.01.1993 |
|
DIN No : |
00089488 |
|
|
|
|
Name : |
Mr. Venkat Idupuganti |
|
Designation : |
Director |
|
Address : |
10-3-56/401,
Ranga Fort, East Marredpally, Secunderabad – 500 026, |
|
Date of Birth/Age : |
14.10.1947 |
|
Date of Appointment : |
01.01.1989 |
|
DIN No : |
00089679 |
KEY EXECUTIVES
|
Name : |
Mr. Srinivas Gajjala |
|
Designation : |
Secretary |
|
Address : |
Flat No. 5C, A R Elegance Apartments, 2-2-647/77/G/23/24, SBI Officers
Colony, Bagh Amberpet, |
|
Date of Birth/Age : |
04.02.1958 |
|
Date of Appointment : |
01.10.1996 |
|
PAN No : |
ACWPG9764F |
|
|
|
|
Name : |
Mr. K V Kishore |
|
Designation : |
Chief Executive
Officer |
|
|
|
|
Name : |
Mr. M Ramesh |
|
Designation : |
Assistant General
Manager Exports |
|
|
|
|
Name : |
Mr. Ganapthi
Subramanian |
|
Designation : |
Manager Quality
Control |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
|
Names of Shareholders |
|
No. of Shares |
|
Ramoji Rao |
|
72600 |
|
Ramamohana Rao Atluri |
|
20 |
|
Manpower Sselection and Management Services Private Limited, India |
|
10 |
|
Kiron Cherukuri |
|
4300 |
|
T. V. Krishna Rao |
|
100 |
|
Equator Trading Enterprises Private Limited, India |
|
27500 |
|
Anu Trading Private Limited |
|
21750 |
|
Total
|
|
126280 |
As on 30.09.2009
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
Corporate |
|
39.02 |
|
Directors
or relatives of directors |
|
60.98 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Engaged in as Newspaper
Publisher. It is also engaged in as
Manufacturers of pickles, spices and mango bars. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
|
PRODUCTION STATUS (AS ON 31.03.2009)
|
Particulars |
Unit |
|
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Publication
Division |
Copies |
|
Rs. 2.175 millions |
-- |
|
Pickles and
Spices |
Kgs. |
|
-- |
10.151 |
|
Mango Pulp |
Kgs. |
|
-- |
5.793 |
|
Ready to Eat
Products |
Kgs. |
|
-- |
0.473 |
|
Newspapers |
Pages |
|
-- |
12388.533 |
|
Milk |
Lts. |
|
-- |
0.223 |
NOTE:
i)
The annual installed capacities are as certified by
management and not verified by the Auditors, being a technical matter.
ii)
Production includes quantities produced by job
workers.
GENERAL INFORMATION
|
Customers : |
Domestic:
International:
|
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
626
(Approximately) |
||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors 1: |
|
|
Name : |
Brahmayya and
Company Chartered
Accountants |
|
Address : |
403 and 404,
Golden Green Apartments, Errum Manzil Colony, |
|
Pan No. : |
AADFB8032G |
|
|
|
|
Auditors 2: |
|
|
Name : |
S.R. Batliboi and
Associates Chartered
Accountants |
|
Address : |
Oval Office, 18, Ilabs
Centre, Hitech City, Madhapur, Hyderabad-500081, Andhra Pradesh, India |
|
Pan No. : |
AABFS3421N |
|
|
|
|
Memberships : |
|
|
|
|
|
Subsidiaries / Associates ( 31.03.2009): |
CIN No : U28110AP1969PTC001294
|
|
|
|
|
Holding Company (31.03.2009): |
|
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 100/- Each |
Rs.1500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
126280 |
Equity Shares |
Rs. 100/- Each |
Rs.12.628 millions |
|
|
|
|
|
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 |
12.628 |
12.628 |
12.628 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves &
Surplus |
15948.106 |
15948.106 |
16894.422 |
|
|
4] Profit and
Loss Account |
(660.460) |
(545.843) |
0.000 |
|
NETWORTH
|
15300.274 |
15414.891 |
16907.050 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3799.272 |
5068.301 |
4945.447 |
|
|
2] Unsecured
Loans |
0.000 |
0.000 |
0.000 |
|
TOTAL BORROWING
|
3799.272 |
5068.301 |
4945.447 |
|
DEFERRED TAX LIABILITIES
|
0.000 |
699.870 |
302.415 |
|
|
|
|
|
|
|
TOTAL
|
19099.546 |
21183.062 |
22154.912 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
11281.976 |
13350.995 |
14725.795 |
|
Capital Work in Progress
|
111.655 |
398.907 |
74.800 |
|
|
|
|
|
|
|
INVESTMENT
|
2507.923 |
2290.552 |
2287.204 |
|
DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
993.923
|
1408.286
|
750.249
|
|
|
Sundry Debtors
|
2616.783
|
2506.017
|
2340.533
|
|
|
Cash & Bank Balances
|
1971.115
|
1743.076
|
2476.451
|
|
|
Other Current Assets
|
26.541
|
34.718
|
18.363
|
|
|
Loans & Advances
|
1044.485
|
927.164
|
655.151
|
Total Current Assets
|
6652.847
|
6619.261
|
6240.747 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Sundry Creditors
|
531.055
|
602.104
|
545.036
|
|
|
Current Liabilities
|
709.666
|
732.578
|
504.929
|
|
|
Provisions
|
214.134
|
141.971
|
123.669
|
Total Current Liabilities
|
1454.855
|
1476.653
|
1173.634
|
|
Net Current Assets
|
5197.992
|
5142.608
|
5067.113
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
19099.546 |
21183.062 |
22154.912 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
12218.000 |
12239.800 |
12327.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2435.697 |
2201.633 |
3140.736 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
560.822 |
725.405 |
627.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1874.875 |
1476.228 |
2513.681 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2674.598 |
2667.969 |
2631.801 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(799.723) |
(1191.741) |
(118.120) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(685.106) |
300.418 |
473.955 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(114.617) |
(1492.159) |
(592.075) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(545.843) |
946.316 |
1538.391 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(660.460) |
(545.843) |
946.316 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
348.279 |
364.646 |
|
|
|
Advertisement Income |
NA |
0.185 |
1.071 |
|
|
|
Subscription Income |
NA |
17.304 |
24.043 |
|
|
TOTAL EARNINGS |
NA |
365.768 |
389.760 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
1614.302 |
788.103 |
|
|
|
Components and Spare Parts |
NA |
9.997 |
3.587 |
|
|
|
Capital Goods |
NA |
496.547 |
63.522 |
|
|
|
Packing Materials |
NA |
0.000 |
5.481 |
|
|
|
Digital satellite Receivers |
NA |
49.488 |
14.410 |
|
|
|
Video Cassettes |
NA |
14.648 |
18.615 |
|
|
TOTAL IMPORTS |
NA |
2184.982 |
893.718 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PBT/Sales) |
(%) |
(6.55) |
(9.74) |
(0.96) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.46) |
(5.97) |
(0.56) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.05) |
(0.08) |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.34 |
0.47 |
0.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.57 |
4.48 |
5.32 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
PUBLICATIONS
DIVISION:
During the year,
the income from sale of newspapers amounted to Rs.1117.800 millions and advertisement
revenue amounted to Rs.3649.300 millions, when compared to Rs.1009.400 millions
and Rs. 3985.600 millions respectively in the previous year.
Advertising
revenue declined by about 8% compared to previous year due to lower ad spends on print in Andhra Pradesh and also
due to lower spends by Government. Retail and real estate sectors reduced their
ad spends substantially, owing
to the disturbed conditions in the State in the second half of the year.
The operating
margins have improved during the year due to softening of newsprint prices. However, following a cyclical pattern, the
prices of this key raw material have again started moving up.
The exponential
growth of the electronic media, particularly television, radio and other medium
like internet, hoardings, direct marketing etc. has been a major factor for
diversion of advertising revenues away from Print, in the past. However, Print
media has been able to meet these challenges effectively by ensuring its
relevance to both readers and advertisers.
At a time when the
developed markets are witnessing slowdown in circulation and readership due to
market saturation and fast changing media consumption habits, the Indian print
media continues to grow both in terms of Circulation and readership.
TELEVISION
DIVISION:
Advertising and
subscription revenues have shown moderate growth during the year. Though the
overall ad pie has not grown significantly, the increase in the number of
television channels, especially in the regional GEC segment, has resulted in
fragmentation of the market leading to severe pressure on operating margins.
Though there is a
significant scope for increase in subscription revenues, the growth is impacted
by gross under declaration of subscriber base and absence of firm resolve on
the par1 of the Government to
promote digitization and addressable systems.
Increased activity
in the regional sphere has also pushed up the cost of operations for regional GECs over the last two years.
The Directors are taking
steps to meet the emerging challenges in the broadcasting sector
FOODS DIVISION:
The sale of food
products during the year declined by about 7% compared to the previous year,
mainly due to fluctuations in oil prices. During the year, traditional snack
foods under the brand name
'Snack Magic' were launched both in export and domestic markets. The Directors
expect that the market conditions for the food processing sector will be
favourable in the long term and are therefore planning to expand the product
range.
NATURE OF
OPERATIONS
The Company is a
Company registered under Indian Companies Act, 1956. The Company is engaged in
the business of publishing ‘Eenadu’, a Telugu daily through its Publications
division, production of programmes in various regional languages and
broadcasting them on ETV channels through its Television division,
manufacturing of pickles, pastes and ready to eat food items through its Foods
division and providing locations on hire for shooting films through its
Entertainment division.
Form 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90114490 |
|
Corporate
identity number of the company |
U99999AP1973PTC001763 |
|
Name of the
company |
USHODAYA
ENTERPRISES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Enadu Compound,
6-3-570, Somajiguda, |
|
Type of charge |
·
Book
Debts ·
Floating
Charge ·
Other |
|
Particular of
charge holder |
State Bank of
India, MID Corporate Loan Administration Unit, Hyderguda, Hyderabad-500029,
Andhra Pradesh, India |
|
Nature of
description of the instrument creating or modifying the charge |
Renewal And Enhancement
Of Working Capital Limits From Rs. 362.500 millions to Rs.369.500 millions.
The following documents executed on 31-12-2009.:- (1)
Supplemental agreement of hypothecation of goods and assets for increase in
the overall limit. (2)Supplemental
agreement of loan for increase in the overall limit. (3)Individual
limits within the overall limit. |
|
Date of
instrument Creating the charge |
31.12.2009 |
|
Amount secured by
the charge |
Rs. 369.500
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest For cash
credit facility - 0.75% below SBAR with a minimum of 11.00% subject to change
in SBAR from time to time. Terms of Repayment Working
capital facilities will be valid for one year. Repayable on demand. Extent and Operation of the charge Hypothecation
of all current assets of the foods division of the company. |
|
Short particulars
of the property charged |
Hypothecation of
all current assets of foods division of the company. |
|
Date of
instrument modifying the charge |
05.08.2008 |
|
Particulars of
the present modification |
Modification
is required for renewal and enhancement of working capital limits of the Priya
foods division of the company, from Rs. 362.500 millions to Rs. 369.500
millions. |
CONTINGENT
LIABILITIES:
As at 31.03.2009
|
Claim against the company not acknowledged as debts |
Rs. 60.394 millions |
|
Outstanding bank guarantees (Excluding performance obligations) |
Rs. 14.214 millions |
|
Direct and Indirect Taxes |
Rs. 797.625 millions |
|
Arrears of salaries and wages as per Bachawat Award |
Rs. 24.418 millions |
FIXED ASSETS :
- Land
- Building
-Factory
-Office
-On
- Temporary
Erections
- Leasehold
Improvements
- Plant and
Machinery
- Data
Processing Equipment
- Furniture and
Fixtures
- Vehicles
- Library
- Live Stock
WEBSITE DETAILS :
Client
satisfaction, superlative quality products and introduction of innovative and
advanced products are some of the factors that determine the worth of a
corporate entity. Perfect Actuators and
Controls Private Limited is an ISO
9001:2000 certified firm, which is a distinguished name in the arena of
valve gear operators and actuators due to its strict adherence to the above
mentioned parameters. They are a leading and renowned manufacturer and exporter of Quarter/half turn Worm Gear Operators/Actuators of worm and worm
wheel mechanism under the brand name, ''PAC''.
Established
in 1992, their extensive experience in this industry and burning desire to
excel in developing advanced and improved products has led to the goodwill of
their corporate entity amongst their eminent clients. It is due to their trust
and support that They have successfully crossed every corporate challenge. As a
result, They have asserted their position in this domain, encompassed with
fierce competition. Besides, their principles of hard work, commitment towards
customers and honest trade practices have helped them to strengthen their bond
with their customers, who remain the top priority for them.
Their
Certifications and Memberships
They are privileged to possess the most prestigious certifications and memberships
of various renowned organizations enumerated below:-
v
ISO 9001:2000, certified by RWTUV
v
Credit Rating of SE2C by the Duns and Bradstreet Information
Services India Private Private Limited
v
Karnataka Chamber of Commerce and Industries, Hubli
v
v
Export Promotion Council, Hubli
v The National Small Industries Corporation Private Limite
Priya Foods is one of the fastest growing
FMCG - Food brand and one of the largest exporters of packaged foods in
Launched in 1980, Priya pickles
now come in an awe-inspiring range of 32 different flavours, most of them
offered in both garlic and non-garlic versions. In view of customers' taste of
pickles in northern
Catering to the present day needs and hectic lifestyle of the customer, Priya has launched the Ready-to-Eat
food products in a range of popular traditional recipes offering a great
convenience. The range consists of - Dal Makhani, Navaratan Kurma,
Palak Paneer, Paneer Butter Masala, Punjabi Chhole, Rajma Masala along with
true southern delicacies like Andhra Veg Pulav, Mango Dal, Gongura Dal.
For the first time in
The demand for Priya's products is growing every
day, crossing all geographical boundaries. The mouth-watering taste of Priya's
range of food products finds a place in the heart of millions of families, worldwide
and this made Priya a household name known for delicious products made under
hygienic conditions and stringent quality standards that's only possible at
home.
Priya has a vast countrywide distribution network to
ensure that every one, even in the remotest corners of the country, enjoys the
great taste of Priya.
Priya crossed the frontiers in making its products
available across the globe. Today, Priya's products
are available in
Research and Development team constantly strives for development of new
products as well as enhancement of existing ones in regard to quality, cost
effectiveness, shelf life, and consumer satisfaction. To ensure primacy of
quality as per the expectation of consumers, the feedback information is
collected, thoroughly analyzed and appropriate modifications in the products
and processes are carried out from time to time.
Priya's state-of-the-art manufacturing facility at
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.44.87 |
|
|
1 |
Rs.72.83 |
|
Euro |
1 |
Rs.64.37 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.