MIRA
INFORM REPORT
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Report Date : |
01.03.2011 |
IDENTIFICATION DETAILS
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Name : |
UNNAT FEEDS PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials as on
: |
31.03.2010 |
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Date of
Incorporation : |
11.08.2009 |
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Com. Reg. No.: |
05-039375 |
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CIN No.: [Company Identification
No.] |
U01210HR2009PTC039375 |
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IEC No.: |
3310002292 |
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PAN No.: [Permanent Account No.] |
AABCU1045M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Poultry Feed Supplements, Cattle Feed Supplements, Poultry
Feed Supplements. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca (14) |
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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 : |
Recently Commenced |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Though the company was incorporated in the year August 2009, it has
started its commercial activities recently in December 2010. Business is
active. Payment terms are not known. The company can be considered for business dealings on a secured trade
terms and conditions. Profit and Loss Account 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
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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
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Name : |
Mr. Harpal Dhanda |
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Designation : |
Chief Executive Officer |
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Contact No.: |
91-9215300111 |
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Date : |
25.02.2011 |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-180-2635827 |
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Mobile No.: |
91-9215300111 (Mr. Harpal Dhanda) |
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Fax No.: |
91-180-4020827 |
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E-Mail : |
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Website : |
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Area : |
2500 sq. ft. |
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Location : |
Owned |
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Factory 1 : |
VPO, Didwari, |
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E-Mail : |
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Area : |
Owned |
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Factory 2 : |
F-61, UPSIDC Industrial Area Naini, |
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E-Mail : |
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Area : |
Owned |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Mahipal Singh Dhanda |
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Designation : |
Director |
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Address : |
H. No-1050/15, Sector-12, Panipat, Huda, |
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Date of Birth/Age : |
36 Years |
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Qualification : |
Graduate |
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Experience : |
16 Years |
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Date of Appointment : |
11.08.2009 |
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Name : |
Mr. Ranpal Dhanda |
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Designation : |
Director |
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Address : |
H. No-1050/15, Sector-12, Panipat, Huda, |
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Date of Birth/Age : |
37 Years |
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Qualification : |
Graduate |
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Experience : |
18 Years |
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Date of Appointment : |
11.08.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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Harpal Singh Dhanda |
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95000 |
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Mahipal Singh Dhanda |
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65000 |
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Ranpal Dhanda |
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125000 |
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Neelam Dhanda |
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7500 |
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Kusum Dhanda |
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36500 |
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Poonam Dhanda |
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15000 |
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Tara Chand Dhanda |
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35000 |
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Harpal Dhanda HUF |
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100 |
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Baljinder Singh Phor |
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120000 |
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Jagpal |
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100 |
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Karan Singh Punia |
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100 |
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Kirpal Singh |
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100 |
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Pradeep Sandhu |
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100 |
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Ram Kumar |
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100 |
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Bhim Singh |
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100 |
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Dharamvir |
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100 |
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Ranpal Dhanda HUF |
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100 |
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Mahipal Dhanda HUF |
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100 |
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Total |
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500000 |
As on 30.09.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Poultry Feed Supplements, Cattle Feed Supplements,
Poultry Feed Supplements. |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit / (30 / 60 / 90 days) |
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Purchasing : |
Cash and Credit / (30 / 60 / 90 days) |
GENERAL INFORMATION
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
225 + Job Workers (Approximately) |
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Bankers : |
Punjab National Bank, Civil Lines Branch, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
KVJ and Company Chartered Accountant |
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Address : |
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Associates /
Subsidiaries : |
Unnat Feeds (Proprietorship) |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.000 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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(0.026) |
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NETWORTH |
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4.974 |
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LOAN FUNDS |
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1] Secured Loans |
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8.933 |
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2] Unsecured Loans |
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5.185 |
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3] Bank OD A/C |
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0.234 |
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TOTAL BORROWING |
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14.352 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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19.326 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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15.081 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.136 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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4.375 |
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Total
Current Assets |
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4.511 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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0.361 |
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Other Current Liabilities |
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0.002 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.363 |
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Net Current Assets |
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4.148 |
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MISCELLANEOUS EXPENSES |
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0.097 |
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TOTAL |
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19.326 |
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Expected Sales (2010-2011) : Rs.10.000
Millions (Approximately)
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.96 |
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Current Ratio (Current Asset/Current Liability) |
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12.43 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS :
|
Particulars |
31.03.2010 (Rs.
in Millions) |
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Sundry Creditors |
0.361 |
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Total |
0.361 |
FORM 8 :
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U01210HR2009PTC039375 |
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Name of the
company |
UNNAT FEEDS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
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Type of charge |
Book Debts Movable Property Immovable
Property |
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Particular of
charge holder |
Punjab National Bank, Civil Lines Branch, |
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Nature of
description of the instrument creating or modifying the charge |
1.Instrument of
Hypothecation 2. Sanction
Letter 3. Letter of
Intent 4. Hypothecation
of Goods and Book Debts to Secure Cash Credit. |
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Date of
instrument Creating the charge |
09.03.2010 |
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Amount secured by
the charge |
Rs.20.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: Term Loan(Rs. 150
Lacs): BPLR+0.50% + 0.50% (Term premia)at present 12.00% (after deduction of
0.50%). Cash Credit(Rs.
50 Lacs): 0.5% below PLR of Bank with monthly rest, at present @ 11.50% p.a. Terms of
Repayment : 1. Term
Loan: Repayable in 7 years 1 month
commencing from the date of disbursal of the loan or any part thereof in 26
quarterly installments by march 2017. First installment payable on
31/12/2010. 2. Cash Credit:
Repayable on Demand. Margin : 1. Term Loan :
25% or balance cost whichever is lower. 2. Cash Credit:
25% Extent and
Operation of the charge : Term Loan: Hypothecation of plant, Building, Shed and
other plant and machinery of Poultry Feed unit. Primary Security:
EM of land & building at F-6, UPSIDC Industrial Area, Naini, Cash credit: Hypothecation
of entire stocks of raw materials, stocks in process, finished goods,
consumable stores and spares, inward RRs/GRs, advance to suppliers, and all
other current assets of the borrower. Hypothecation of Book Debts. Others : 1. Personal
guarantee by Mr. Ranpal Dhanda, Mr. Mahipal singh Dhanda, Directors of
Company: Mr .Tara Chand, Father of Directors; Mr. Harpal Singh dhanda,
brother of Directors. 2. Hypothecation
of extension of E.M. of Land and Building at Vill. Kohand, Tehsil and
District Panipat, consisting of 5 sale deeds as collateral security. |
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Short particulars
of the property charged |
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TRADE REFERENCES :
- Goyal
Proteins,
- Solvant
Plants,
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 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.45.18 |
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|
1 |
Rs.72.79 |
|
Euro |
1 |
Rs.62.15 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
2 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
2 |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
1 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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14 |
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.