MIRA INFORM REPORT

 

 

Report Date :

26.11.2012

 

IDENTIFICATION DETAILS

 

Name :

PIONEER EQUIPMENT AND INFRASTRUCTURE

 

 

Registered Office :

9-G, Park Street, Paper Mills Road, Perambur, Chennai-600011, Tamilnadu

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Year of Establishment :

2003

 

 

Com. Reg. No.:

VAT 33053103480

 

 

Capital Investment / Paid-up Capital :

Not Divulged

 

 

Legal Form :

Sole Proprietory Concern

 

 

Line of Business :

Importer of Feed Mill Machines and their Park Like Rotary Drum Shifter, Pulse Filter, Fans, Power Cleaners, Tubular Magnets, Cyclones, Air Closed Feeders, Counted Flow Coolers, Rotary Screeners, etc. 

 

 

No. of Employees :

3 [Approximately] 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established proprietory concern having satisfactory track. Trade relations are reported as decent. Business is active. Payments are reported as usually correct and as per commitments.

 

The concern can be considered normal for business dealings at usual trade terms and conditions.

 

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, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

 

 

INFORMATION PARTED BY [GENERAL DETAILS]

 

Name :

Mr. Sridhar

Designation :

Manager

Contact No.:

91-9676607164

Date :

26.11.2012

 

 

LOCATIONS

 

Registered Office :

9-G, Park Street, Paper Mills Road, Perambur, Chennai-600011, Tamilnadu, India 

Tel. No.:

Not Available

Mobile No.:

91-9676607164 [Mr. Sridhar]

Fax No.:

Not Available

E-Mail :

mustafa_mfew@yahoo.com

Area :

1800 sq. ft.

Location :

Owned

 

 

SOLE PROPRIETOR

 

Name :

Mr. Ubaid Ahmed

Designation :

Proprietor

 

 

BUSINESS DETAILS

 

Line of Business :

Importer of Feed Mill Machines and their Park Like Rotary Drum Shifter, Pulse Filter, Fans, Power Cleaners, Tubular Magnets, Cyclones, Air Closed Feeders, Counted Flow Coolers, Rotary Screeners, etc. 

 

 

Brand Names :

“CHIA TUNG”

 

 

Agencies Held :

Chia Tung Development Corporation Limited, 7 Kung Yeh West Road, Kuan Tien Hsiang, Taiwan, ROC

 

 

Imports :

 

Products :

Machinery

Countries :

·         China

·         Taiwan

 

 

Terms :

 

Selling :

Credit

 

 

GENERAL INFORMATION

 

No. of Employees :

3 [Approximately] 

 

 

Bankers :

Tamilnad Mercantile Bank, Perambur Branch, Chennai-600011, Tamilnadu, India

 

 

 

Banking Relations :

--

 

 

Auditors :

Not Available

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Particulars

 

 

 

31.03.2012

Sales Turnover [Approximately]

 

 

500.000

 

The above information has been parted by Mr. Sridhar.

 

Note : Sole Proprietory and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

Yes

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

No

8]

No. of employees

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for one year

Yes

12]

Profitability for last three years

No

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

No

16]

Details of sister concerns

No

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

Yes

21]

Market information

--

22]

Litigations that the firm / promoter involved in

--

23]

Banking Details

Yes

24]

Banking facility details

No

25]

Conduct of the banking account

--

26]

Buyer visit details

--

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

No

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

31]

PAN of Proprietor/Partner/Director, if available

No

32]

Date of Birth of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

TRADE REFERENCES:

 

·         Nexus Feeds Limited

Seesal Village, Kalla Mandal, Bhimavaram (West), Godavari District, Andhra Pradesh, India [Mr. Mohan Krishna V.]

Mobile No.: 91-9848933044

Email: nexusfeedsbvm@yahoo.co.in

 

PROFILE:

 

This is a proprietorship firm started in the year 2003.  The proprietor is Mr. Ubaid Ahmed.   The firm is engaged in the import of machinery from Taiwan and selling it in India.  The machinery that they import are used in the manufacture of fish feed. 

 

Now, a word about the location of the firm.  The firm has its own building which is three storied and has an area of about 1800 sq. ft.  Mr. Sridhar, the manager of the firm claims that the building belongs to Mr. Ubaid the proprietor.  The building has its office in the ground floor.  They could see three staff working there.  One Mr. Sridhar who is the manager.  They have two other staff one of them sub staff to help in the office and another PRO.  This gentleman seems to have travelled to Taiwan and knows all about Taiwan.  During his travels he has had the opportunity to know about the machinery of Chia Tung Development Corporation Limited, Tainan Hsien, Taiwan.  The subject company (that is Chia Tung Development Corporation Limited) manufactures high priced state of the art machinery for the manufacture of fish feed, prawn feed etc.  Priced at about 60 to 70 crores a piece these machinery find a good market in the prawn and fish cultivating states of Andhra Pradesh. 

 

Mr. Ubaid the proprietor is presently in Taiwan visiting Chia Tung Development Corpn.   Mr. Sridhar the manager of the firm also is well versed in the installation of the machinery that is being imported.  The import is being done on third party basis with the user importing direct while Pioneer sees to the ordering, procuring, shipment, offloading, surface transportation and other protocols till the machinery reaches the importer.  Subsequently they also handle installation and erection of the machinery at the clients place.

 

Subject gets paid for the liaison, erection and other shipping services that they provide to the importers.  The firm claims that their turnover is about 500.000 Millions a year.  Since the machinery they import is high priced, the commission they get on the import is also high.  However there is now way to verify the turnover.  This is hearsay and was stressed both by the manger Mr. Sridhar and Mr. Ubaid.  Caution advised in all financial transactions with them.  Orders may be placed against LCs or documents through bank.

 

They claim that they are the only importers of these type of machines in India and that they hold the record for importing and installing the largest machinery in the manufacture of fish feed for Ms Nexus feeds Ltd, AP with a capacity of 18 tonnes per hour.

 

 

A small firm with the advantage of dealing in products that are unique and customer specific.  The strength of the firm is their connections in Taiwan.  Both the proprietor and his staff have in depth knowledge of Taiwan and have numerous friends there who help them.

 

 

 

A WORD ABOUT THE PARENT COMPANY WHOSE PRODUCTS THEY DEAL IN:

 

Chia Tung Development Corporation Limited.

Address: 7 Kung Yeh West Road, Kuan Tien Industrial Zone, Kuan Tien Hsiang, Tainan Hsien, Taiwan, ROC.

Tel No.: 886-6-698-7184

Fax No.: 886-6-698-7077

Email: chiatung@feedmill-machine.com

 

ANIMAL FEEDMILL

 

Professional manufacturer and Engineering of Machinery:

 

1.       Turn-key animal feed plant and machinery.

 

2.       Turn-key shrimp and floating fish feed plant and machinery.

 

3.       Grain terminal handling equipments, conveyors and silo system.

 

4.       Full fat soya and cooked corn extrusion plant.

 

5.       Grain and cereals flaking plant.

 

COMPANY PROFILE:

 

Chia Tung Development Corporation Limited is a full scale of manufacturing and construction company specialize in the field of feedmill machinery for all kinds of animal feeds for poultry, livestock and aquacultures (fish and shrimp feed), full fat soya and cooked corn extrusion plant and grain, cereals flaking plant. As well as port handling conveyors and Grain terminal Silo projects.

 

Their company has been in the industry since 1981 and they are proud to say that they have maintained a reputation of being able to provide our clients with top professional services all over the world. In the past 24 years, they have been built-up more 300 feed mills, capacity starting from 1 Ton/Hr to 40 Ton/Hr, For their customers in Taiwan, Europe, America, Japan, Korea, South Eastern Asia Countries, Africa and Middle East Countries.

 

AREA AND POWER OF PLANT:

EMPLOYEES :

Site area

5310 m2

Engineer and Drafmen

10 persons

Building area

 

Technicians

10 persons

A : Office

495 m2

Salesmen

6 persons

B : Factory

2700 m2

Workmen

34 persons

C : Warehouse

460 m2

Clerks

6 persons

Power connected

250 HP

Total

66 persons

 

HEAD OFFICE:

 

TAIWAN:

 

Chia Tung Development Corporation Limited

Address: 7 Kung Yeh West Road, Kuan Tien Industrial Zone, Kuan Tien Hsiang, Tainan Hsien, Taiwan, ROC.

Tel No.: 886-6-698-7184

Fax No.: 886-6-698-7077

Email: chiatung@feedmill-machine.com

Contact Person: Mr. Michael Lin

 

BRANCH OFFICE:

 

VIETNAM:

 

Chia Tung Development Corporation Limited

Vietnam Representative Office

Address: 182A Nguyen Van Troi ST., PN District, HCMC, Vietnam

Tel No.: 84-8-8459437

Fax No.: 84-8-8463003

Email: chiatung888@hcm.vnn.vn 

Contact Person: Mr. Dung Tuong Van

 

PHILIPPINES:

 

Chia Tung Philippines Inc.

Address: Unit 174, 17TH Floor, Columbia Tower, Ortigas Avenue, Mandaluyong City, Philippines

Tel No.: 63-2-7227179, 7227173

Fax No.: 63-2-7227132

Email: ctpi@ibahn.net 

Contact Person: Mr. Ben Peralta

 

BANGLADESH:

 

Chia Tung Bangladesh Limited

Address: Kashba Centre (4th Floor), House #5/2, Road No #4, Dhanmondi, Dhaka-1205, Bangladesh

Tel No.: 880-2-9665646

Fax No.: 880-2-9665391

Email: chiatung@bdmail.net 

Contact Person: Mr. Rafiqul Haque

 

THAILAND:

 

T P Ocean Co., Limited (Joint Venture Co)

Address: 371-373 Visuthkasat Road, Bangkok, 10200 Thailand

Tel No.: 66-2-2825687~8, 2801808

Fax No.: 66-2-2801806, 2813479

Email: tp_ocean@ksc.th.com

Contact Person: Mr. Alan Lee

 

CORRESPONDING BANK:

 

The Shanghai Commercial and Savings Bank Limited, OBU Branch 

Swift Code: SCSBTWTP027

A/C No.: 27108000097086

A/C Name: Chia Tung Development Corporation Limited

.

 

PRODUCT LINE: TURN-KEY ANIMAL FEED PLANT AND MACHINERY

 

They supply all range of animal feed mills capacity starting from 1 Ton/Hr up to 40 ton/Hr for laboratory feedmill, farm purpose feedmill and fully automatic computerized commercial feed mills for poultry, pig, cattle, goose, duck, sheep, fish and shrimp...etc.

 

 

SCOPE OF SUPPLY:

 

1.       Turn-key project of supply include building, mechanical, electrical, steam and maintenance.

2.       Engineering design.

3.       Equipment manufacturing and supply.

4.       spare parts supply.

5.       Supervision, installation, start-up, training and operation technology.

 

 

TYPE OF FEED:

 

1.       Powder type of feed.

2.       Pellet feeds.

3.       Expanded feeds.

4.       Flaking feeds.

5.       Floating fish feeds.

 

TURN-KEY SHRIMP AND FLOATING FISH FEED PLANT

 

Chia Tung Development Corporation Limited has involved in shrimp feed and floating fish feed machinery and processing industry since 1981. The continued research, intensive testing, and years of manufacturing know-how have successfully transferred CHIA TUNG's experiences and technology from TAIWAN to many other nations. CHIA TUNG offers an industrial shrimp feed and floating fish feed process plant backed up by a reference feedmill, research lab and some experimental ponds. These facilities are run by CHIA TUNG for both commercial and demonstrative purposes.

 

Their super fine pulverizer grinding, advanced pelleting pre-condition and post-condition process enable up to produce high quality of shrimp feed and fish feed with feature of:

 

1.       High efficiency feed conversion rate.

2.       Long water stability and durability.

3.       Plant size from laboratory purpose of 200KG/Hr up to 10 Ton/Hr.

 

BUSINESS REFERENCE

 

ANIMAL FEEDMILL

 

SHRIMP AND FISH FEEDMILL

NAME

DESCRIPTION

COUNTRY

NAME

DESCRIPTION

COUNTRY

  1. ET. CARGILL

15 T/HR COMPLETE POULTRY AND LIVESTOCK FEEDMILL

INDONESIA
  1. VITARICH CORP.

2 T/HR SHRIMP FEEDMILL

PHILIPPINES
  1. ET. SATAWA BOGA SAMPURNA

12 T/HR COMPLETE POULTRY AND LIVESTOCK FEEDMILL

INDONESIA

  1. LAEM THONG CO.

2 T/HR SHRIMP FEEDMILL

THAILAND

  1. NATIONAL LIVESTOCK CHUN CHU FEEDMILL

15 T/HR POULTRY

KOREA

  1. TAIWAN FON SHOU CO. LIMITED

2 T/HR COMPLETE PLANT OF SHRIMP FEEDMILL

TAIWAN

  1. PORN PRAJOUP

20 T/HR COMPLETE FEEDMILL

THAILAND

  1. T.P. FEED CO., LIMITED

4 T/HR SHRIMP FEEDMILL

THAILAND

  1. KOR KAI FARM

10 T/HR COMPLETE FEEDMILL

THAILAND

  1. SAUDI UANGLADESH FISH FEED CO.

2 T/HR SHRIMP FEEDMILL

BANGLANDESH

  1. CHUN YIN

20 T/HR ANIMAL FEEDMILL

TAIWAN

  1. TROUW INTERNATIONAL

3 T/HR SHRIMP FEEDMILL

HOLLAND

  1. ITOCHU KAISHA

40 T/HR GRINDING CONVEYOR

JAPAN

  1. AQUUASTER LIMITED

2 T/HR SHRIMP FEEDMILL

THAILAND

  1. P.T. GUNUN WODAN TAMA

40 T/HR COMPLETE ANIMAL FEEDMILL

INDONESIA

  1. HANAQUA FEEDS CO.

6 T/HR SHRIMP FEED PREMIX PLANT

TAIWAN

  1. MEDI SHUAU KAISHA

40 T/HR ANIMAL FEED PLANT GRINDING MIXING AND CONVEYOR

JAPAN

  1. BT. LNAWAN FEEDS

2 T/HR SHRIMP FEED AND EXTRUSION

INDONESIA

  1. SHANG HAI SIN-YIANG FEED CORP.

15 T/HR POULTRY FEEDMILL

CHINA

  1. AGRO INDUSTRIAL

3 T/HR SHRIMP FED PRECONDITION AND FAT

ECUADOR

  1. MOUMING SHINNING LIVESTOCK CO.

10 T/HR POULTRY FEEDMILL

CHINA

  1. CHUN BU FEEDS KAISHA

4 T/HR SHRIMP FEED PELLETING POST-CONDITIONER

JAPAN

  1. ZOU PIN AHIELD SPEARE FEED CORP.

10 T/HR POULTRY FEEDMILL

AUSRALIA/CHINA

  1. C.P. FEED CO.

3 T/HR SHRIMP FEED MILL

JAPAN

  1. DOU NAN FARMS ASSOCIATION

4-6 T/HR EXPANDER / EXTRUSION PLANT

TAIWAN

  1. PKPS AQUA FEED

4 T/HR SHRIMP FEED

MLAYSIA

  1. SAN FU. CO.

10 T/HR FLAKING SYSTEM

TAIWAN

  1. ZU PIN SHIELD SPEARE FEED CORP.

2-4 T/HR SHRIMP FEEDMILL

AUSTRALIA / CHINA

  1. TOWER FEEDS CO.

20 T/HR ANIMAL FEEDMILL WITH 10 T/HR PELLETING SYSTEM

PHILIPPINES

  1. SHB CO.

2 T/HR SHRIMP AND POULTRY FEED PRODUCTION PLANT

SEYCHELLES\

  1. ZHEHANG YIWU HUA TONG FORAGH CO.

20 T/HR ANIMAL FEEDMILL

CHINA

  1. AQUASTER LIMITED

4 T/HR SHRIMP FEED PELLETING 

THAILAND

  1. GREAT WALL CO.

20 T/HR ANIMAL FEEDMILL

CHINA

  1. VANAARSEN INTERNATIONAL H.V.

4 T/HR POST-CONDITIONER AND PRE-CONDITIONER FOR SHRIMP FEEDMILL

CHINA / HOLLAND

  1. SELECTA FEEDS INC.

20 T/HR FEEDMILL AND PELLETING SYSTEM

PHILIPPINES

  1. DONGTAI BAIFU SPECIAL FORAGE CO.

3 T/HR SHRIMP AND DEL FEED EQUIPMENT

CHINA

  1. FUJAAIR AH FEEDS

15 T/HR POULTRY AND CATTLE FEEDMILL

U.A.E.

  1. PULILAN AGRI-DEVL INC.

15 T/HR DRY EXTRUSION 2 LINES

PHILIPPINES

  1. DAE HUA ENGR.

15 T/HR PELLETING LINE

KOREA

  1. FON SU FEEDMILL

4 T/HR FLOTING FISH FEED

TAIWAN

  1. BOONPISAN FEED CO.

20 T/HR TURNKEY ANIMAL FEEDMILL

THAILAND

  1. FEED SPECIALTIES

5-7 T/HR EXTRUSION FISH FEED

THAILAND

  1. CHIA-NAN CORP.

20 T/HR TURNKEY ANIMAL FEEDMILL

TAIWAN

  1. HOMAN RESOURCES ACC

4 UNITS DRY EXTRUSION PLANT

KENYA

  1. ARMOR MILLING CORP.

20 T/HR TURNKEY ANIMAL FEEDMILL

PHILIPPINES

  1. HOC-PO FEEDS CORP.

5 T/HR TURNKEY FISH FEED PLANT

PHILIPPINES

  1. HI-GRADE FEEDS CORP.

20 T/HR TURNKEY COMPLETE ANIMAL FEEDMILL WITH 10 T/HR PELLETING SYSTEM

PHILIPPINES

  1. GOLD COIN SPECIALTIES

2.5-5 T/HR SHRIMP FEED PLANT

THAILAND

  1. ACES AGRI MANUFACTURING CORP.

20 T/HR TURNKEY COMPLETE ANIMAL FEEDMILL WITH 10 T/HR PELLETING SYSTEM

PHILIPPINES

  1. MAVIOSA MANTA

 4 T/HR SHRIMP FEEDING POST CONDITIONER

ECUADOR

  1. SAN MIGUEL FOODS INC.

20-40 T/HR  FEEDMILL STEEL STRUCTURAL AND CONVEYORS

PHILIPPINES

  1. PT BIAK PAKAN UTAMA

6 T/HR SHRIMP FEEDMILL

INDONESIA

  1. LEAN HONG CHAN CO.

5 T/HR GRAIN ROASTING PLANT

MALAYSIA

  1. INTEGRATED AQUACULTURE SPECIALISTS, INC.

1.5~2 T/HR FISH AND SHRIMP FEEDMILL

PHILIPPINES

  1. HAIL AGRICUETURAL CO.

5-10 T/HR ANIMAL FEEDMILL

SAUDI ARABIA

  1. AN PHU ANIMAL FEED ENTERPRISE

2 T/HR SHRIMP FEED

VIETNAM

  1. THICK AND THIN AGRI-CO.

20 T/HR COMPLETE FEEDMILL

PHILIPPINES

  1. THAI UNION FEEDMILL CO., LIMITED

 2.5~3 T/HR PULVERIZER

THAILAND

  1. BROOKSIDE FARMS

30 T/HR BATCH OF MASH FEED

PHILIPPINES

  1. C.J PHILIPPINES, INC.

FLOATING FISH FEED

PHILIPPINES

  1. RIAZL POULTRY SELECTA FEEDS CORP.

10 T/HR PELLET FEEDMILL AND FEED MASH

PHILIPPINES

  1. SAUDI BANGLA FISH FEED LIMITED

2 T/HR FINISHER PELLET FEED

BANGLADESH

  1. PUREFOODS CORP.

COMPLETE 10TPH FEEDMILL

PHILIPPINES

  1. GENERAL MILLING CORPORATION

3.5 T/HR FLOATING FISH AND PELLETING FISH FEED

PHILIPPINES

  1. AMBOS PTY LIMITED

30 T/HR COMPELTE ANIMAL FEED PELLETING PLANT

AUSTRALIA

  1. CONT TY TNHH SX AND TM HAI VAN

2 T/HR SHRIMP FEEDMILL

VIETNAM

  1. USHA FEED LIMITED

30 T/HR FEED MASH, 15 T/HR PELLET FEEDMILL

BANGLADESH

  1. SELECTA FEEDS CORP.

4 T/HR FISH FEED

PHILIPPINES

  1. BAC NINH AGRI PRODUCTS COMPANY

30 T/HR ANIMAL MASH ANDPELLET FEED

VIETNAM

  1. ALIMENTOS PROCESADOS S.A

1.0 T/HR EXTRUSION FEED PLANT

PERU

  1. UNITED FEEDS LIMITED

20 T/HR POULTRY FEEDMILL

BANGLADESH

  1. PROCONCO CO.

COMPLETE 6 TO 8 T/HR FLOATING FISH FEED PLANT

VIETNAM

  1. P.T KIM STAR NUSANTARA

40 T/HR ANIMAL FEEDMILL

INDONESIA

  1. PROCONCO CO.

2 T/HR SHRIMP FEED PLANT

VIETNAM

  1. AFTAB BAHUMUKHI FARM LIMITED

20 TO 40 TON POULTRY FEEDMILL

BANGLADESH

  1. HOC-PO FEEDS INC.

3 TPH FLOATING FISH FEEDMILL

PHILIPPINES

  1. BULK HANDLERS INC.

GRAIN TERMINAL EQUIPMENT AND 130,000 TON STORAGE AND SILO SYSTEM

PHILIPPINES

  1. BANGLADESH INTEGRATED FISHERY AND POULTRY CO.

2 TPH FLOATING FISH FEEDMILL

BANGLADESH

 

 

 
  1.  

 

VIETNAM

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.55.34

UK Pound

1

Rs.88.30

Euro

1

Rs.71.37

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

6

--MARGINS

-5~5

-

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

NO

--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

 

46

 

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

-

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.