MIRA
INFORM REPORT
|
Report Date : |
26.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
MADHYANCHAL ORGANIC FOODS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
151, Patel Nagar Yojana, Sector-8, Indira Nagar, Lucknow-226016, Uttar
Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.02.2010 |
|
|
|
|
Com. Reg. No.: |
20-039661 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
14625 Euro |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15122UP2010PTC039661 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Organic Food. |
|
|
|
|
No. of Employees
: |
26 (In Office) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company establishing itself gradually. The company
has achieved sizable turnover in it’s very first year of operation. Trade
relations are reported as fair. Business is active. Payment terms are
unknown. 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 |
INFORMATION PARTED BY
|
Name : |
Mr. Indresh Kumar Singh |
|
Designation : |
Director |
|
Contact No.: |
91-9793118899 |
|
Date : |
24.09.2011 |
LOCATIONS
|
Registered Office : |
151, Patel Nagar Yojana, Sector-8, Indira Nagar, Lucknow-226016, Uttar
Pradesh, India |
|
Tel. No.: |
91-522-2700453 |
|
Mobile No.: |
91-9793118899 (Mr. Indresh Kumar Singh) |
|
Fax No.: |
91-522-2700453 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
NH24, Village Surajpur, District Chhatarpur, Madhya Pradesh, India |
|
Area : |
15000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2011
|
Name : |
Mr. Indresh Kumar Singh |
|
Designation : |
Director |
|
Address : |
151, Patel Nagar Yojana, Sector-8, Indira Nagar, Lucknow-226016, Uttar
Pradesh, India |
|
Date of Birth/Age : |
06.11.1968 |
|
Date of Appointment : |
22.02.2010 |
|
DIN No.: |
02771888 |
|
|
|
|
Name : |
Ms. Seema Singh |
|
Designation : |
Director |
|
Address : |
151, Patel Nagar Yojana, Sector-8, Indira Nagar, Lucknow-226016, Uttar
Pradesh, India |
|
Date of Birth/Age : |
09.09.1968 |
|
Date of Appointment : |
22.02.2010 |
|
DIN No.: |
02771011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Indresh Kumar Singh |
6000 |
|
Seema Singh |
4000 |
|
Total |
10000 |
AS ON 31.03.2011
|
Names of Allottees |
No. of Shares |
|
Indresh Kumar Singh |
87500 |
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Organic Food. |
|
|
|
|
Exports : |
|
|
Products : |
·
Organic Food |
|
Countries : |
·
USA |
|
|
|
|
Imports : |
|
|
Products : |
·
About to Import Alcohol |
|
Countries : |
·
Finland |
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
·
Manufacturer ·
Dealer |
|
|
|
|
No. of Employees : |
26 (In Office) (Approximately) |
|
|
|
|
Bankers : |
·
Central Bank, Delhi, India ·
Indian Overseas Bank, Raj Bhavan, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gupta and Vaish Associates Chartered Accountant |
|
Address : |
India |
|
|
|
|
Sister Concern : |
Madhyanchal Organic Farmers Association Address: Lucknow, Uttar Pradesh, India Line of Business : Trader of Organic Food. Vindhya Traders Address : Lucknow, Uttar Pradesh, India Line of Business : Distributor of Packed Food. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
0.15 Euro each |
15000 Euro |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
97500 |
Equity Shares |
0.15 Euro each |
14625 Euro |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Euro]
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
447761 |
|
|
|
|
|
Expected Sales (2011-2012) : 820895 Euro.
The above information has been parted by Mr. Indresh Kumar Singh.
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCE:
·
Vashila Agro Industry, Ahmadabad
·
Lakhotia Sartex Private Limited, Kanpur
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
----------- |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
No |
|
13. Reasons for variation <> 20% |
No |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
Yes |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------- |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
------ |
|
29. Last accounts filed at ROC |
------ |
|
30. Major Shareholders, if available |
------ |
WEB SITE DETAILS
PROFILE
Subject is a company limited with share and incorporated
under Companies act, 1956 (No.1 of 1956) on Feb.22nd.2010, with Corporate
Identity No.U15122UP2010PTC039661. The promoters of company are like minded
well established Agricos, Technocrates, Doctors and educationist with deep
linkage with farming community of India.
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.49.67 |
|
|
1 |
Rs. 76.51 |
|
Euro |
1 |
Rs. 66.98 |
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.