|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
AB MAURI INDIA PRIVATE LIMITED |
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|
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|
Formerly Known
As : |
INDIAN YEAST COMPANY LIMITED |
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Registered
Office : |
Plot No - 218/219, Bommasandra Jigani Link Road, Rajapura Hobli, Jigani, Anekal Taluk Bangalore – 560105, Karnataka |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
31.03.1960 |
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Com. Reg. No.: |
02-067196 |
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Capital Investment
/ Paid-up Capital : |
Rs.429.057
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15419KA1960PTC067196 |
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|
|
PAN No.: [Permanent Account No.] |
AAECA9923H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is
primarily engaged in production, sales and marketing of yeast, bakery
ingredients and spices and caters to both domestic and international markets. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1520000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. The
company recorded huge loss during the year 2011-2012. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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.
LOCATIONS
|
Registered/
Corporate Office/ Factory 1: |
Plot No - 218/219, Bommasandra Jigani Link Road, Rajapura Hobli, Jigani, Anekal Taluk Bangalore – 560105, Karnataka, India |
|
Tel. No.: |
91-80-30797900 |
|
Fax No.: |
91-80-30797999/ 30797997 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Factory 2 : |
D-7/2(A), MIDC Area, Lote Parshuram, Taluka Khed, District Ratnagiri –
415722, |
|
Tel. No.: |
91-2356-272675 |
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Fax No.: |
91-2356-272779 |
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Factory 3 : |
Chandmari Moore, P. O. Gayeshpur, District – Nadia, Kalyani – 741234 |
|
Tel. No.: |
91-33-25891684/ 25891684/ 25891806/ 64160874 |
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Fax No.: |
91-33-25898481 |
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Factory 4 : |
C-70-73 UPSIDC Industrial AreaDistrict: Bulandshar, Sikandrabad, Uttar
Pradesh, India |
|
Tel. No.: |
91-5735-222248 |
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Fax No.: |
91-5735-222028 |
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Factory 5: |
Plot 24,Cochin Export Processing Zone, Kakkanad, Cochin – 682030 |
|
Tel. No.: |
91-484-2413048/ 2413068 |
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Fax No.: |
91-484-2413050 |
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Sales
Offices : |
Located at ·
·
Chennai ·
·
Delhi ·
·
Kolkata ·
Mumbai |
DIRECTORS
(AS ON 21.12.2012)
|
Name : |
Mr. Binu Varghese |
|
Designation : |
Managing Director |
|
Address : |
# 72, Puspha Flats, 4th Street, Abiramapuram, Chennai – 600018,
Tamilnadu, India |
|
Date of Birth/Age : |
24.12.1970 |
|
Date of Appointment : |
20.05.2011 |
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DIN No.: |
00907048 |
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|
|
Name : |
Mr. Anand Atchuthan Mathilakath |
|
Designation : |
Whole-time director |
|
Address : |
31/2, Janakiram Colony, Arumbakkam, Chennai – 600106, Tamilnadu, India |
|
Date of Birth/Age : |
21.05.1972 |
|
Date of Appointment : |
27.09.2008 |
|
DIN No.: |
01955799 |
|
|
|
|
Name : |
Mr. Andrew Gerard Frank Cullen |
|
Designation : |
Director |
|
Address : |
43 Darnley St, Gordon, Nsw, 2072, Australia |
|
Date of Birth/Age : |
17.10.1970 |
|
Date of Appointment : |
30.01.2012 |
|
DIN No.: |
05207636 |
|
|
|
|
Name : |
Mr. Terence Strain |
|
Designation : |
Director |
|
Address : |
Downs Farm Barn,
Baunton Cirencester, Gloucestershire, GL77BB, United Kingdom |
|
Date of Birth/Age : |
10.03.1960 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
05350317 |
KEY EXECUTIVES
|
Name : |
Mr. Malathesha Kalal Gangaram |
|
Designation : |
Company Secretary |
|
Address : |
No.22/1, A M R
Manzil, 6th Cross, Pipeline, Malleshwaram, Bangalore – 560003, Karnataka,
India |
|
Date of Birth/Age : |
20.07.1981 |
|
Date of Appointment : |
20.12.2012 |
|
PAN No.: |
AYDPM0643E |
|
|
|
|
Name : |
Mrs. Lalitha Natarajan |
|
Designation : |
Company Secretary |
|
Address : |
No 20
Karunanidhi, 3rd Street, Kottur, Chennai – 600085, Tamil Nadu,
India |
|
Date of Birth/Age : |
05.08.1969 |
|
Date of Appointment : |
08.10.2001 |
|
PAN No.: |
ABCPL9486G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 21.12.2012)
|
Names of Shareholders |
|
No. of Shares |
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Mauri Fermentation India Pty Limited, Australia |
|
42905714 |
|
Food Investments Pty Limited, Australia |
|
1 |
|
|
|
|
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Total |
|
42905715 |
(AS ON 20.03.2013)
|
Names of Allottee |
|
No. of Shares Allotted
|
|
|
|
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|
Mauri Fermentation India Pty Limited, Australia |
|
70500000 |
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|
|
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Total |
|
70500000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
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|
|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is
primarily engaged in production, sales and marketing of yeast, bakery
ingredients and spices and caters to both domestic and international markets. |
||||
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
· The Standard Chartered Bank ·
The Hongkong and Shanghai Banking Corporation
Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
No.10, Mahatma
Gandhi Road, Nungambakkam, Chennai – 600034, Tamilnadu, India |
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PAN No.: |
AAAFB9852F |
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Ultimate Holding
Company : |
· Associated British Foods Plc (“ABF Plc”) |
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Immediate
Holding Company : |
·
Mauri Fermentation India Pty Limited,
Australia (“Mauri Fermentation India”) |
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Fellow
Subsidiaries : |
· AB Mauri China East Asia Pacific (“AB Mauri China”) · AB Mauri Lanka Pvt Limited (“AB Mauri Lanka”) · AB Mauri Southwest Asia Pty Limited (“AB Mauri SWA”) · AB Mauri Technology and Development Pty Limited (“AB Mauri TD”) · AB Mauri Technology Pty Limited (“AB Mauri Tech”) · AB Mauri Vietnam Limited (“AB Mauri Vietnam”) · AB Mauri Malaysia Sdn Bhd (“AB Mauri Malaysia”) · AB Enzymes GMBH · AB Enzymes- Singapore (“AB Enzymes”) · AB Mauri Philippines INC (“AB Mauri Philippines”) · AB Agri Limited (“AB Agri”) · ACH Food Companies (“ACH Food”) · AB Harbin Food Ingredients (“AB Harbin”) · AB World Foods Limited (“AB World Foods”) · Harbin Mauri Yeast Company Limited (“Harbin Mauri”) · Casteggio Lieviti S.r.l (Casteggio Lieviti”) · Innovating Food Technology B.V (“Innovating food”) · AB Mauri (UK) Limited (“AB Mauri UK”) · Ohly GmbH · AB Mauri South Africa · Biofoods Private Limited (“Biofoods”) |
CAPITAL STRUCTURE
(AS ON 21.12.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
Equity Shares |
Rs.10/- each |
Rs.1974.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
Equity Shares |
Rs.10/- each |
Rs.1134.057
Millions |
|
|
|
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|
(AS ON 21.12.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47350000 |
Equity Shares |
Rs.10/- each |
Rs.473.500 Millions |
|
10000 |
Preference Shares |
Rs.100/- each |
Rs.1.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.474.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
42905715 |
Equity Shares |
Rs.10/- each |
Rs.429.057
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
429.057 |
262.057 |
262.057 |
|
|
2] Share Application Money |
0.000 |
167.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
177.624 |
186.059 |
|
|
4] (Accumulated Losses) |
(49.754) |
0.000 |
0.000 |
|
|
NETWORTH |
379.303 |
606.681 |
448.116 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
192.846 |
130.404 |
168.320 |
|
|
2] Unsecured Loans |
305.468 |
75.000 |
617.172 |
|
|
TOTAL BORROWING |
498.314 |
205.404 |
785.492 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
11.722 |
0.000 |
|
|
Deferred Government Grants |
0.489 |
0.567 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
878.106 |
824.374 |
1233.608 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
678.967 |
722.813 |
750.500 |
|
|
Capital work-in-progress |
308.710 |
58.551 |
15.425 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.250 |
0.250 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
455.410
|
357.553 |
305.419 |
|
|
Sundry Debtors |
250.006
|
250.679 |
212.700 |
|
|
Cash & Bank Balances |
41.538 |
62.830 |
51.561 |
|
|
Other Current Assets |
0.080
|
3.957 |
5.172 |
|
|
Loans & Advances |
218.328
|
189.418 |
171.790 |
|
Total
Current Assets |
965.362
|
864.437 |
746.642 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
349.574
|
210.975 |
224.577 |
|
|
Other Current Liabilities |
675.327
|
570.526 |
15.674 |
|
|
Provisions |
50.032
|
40.176 |
38.958 |
|
Total
Current Liabilities |
1074.933
|
821.677 |
279.209 |
|
|
Net Current Assets |
(109.571)
|
42.760 |
467.433 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
878.106 |
824.374 |
1233.608 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
2566.083 |
1923.764 |
1857.051 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
2641.840 |
1838.726 |
1786.059 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(75.757) |
85.038 |
70.992 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
105.674 |
47.772 |
53.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(181.431) |
37.266 |
17.242 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
57.606 |
51.986 |
82.056 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(239.037) |
(14.720) |
(64.814) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(11.722) |
(6.359) |
(36.826) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(227.315) |
(8.361) |
(27.988) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
160.833 |
169.194 |
197.182 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(66.482) |
160.833 |
169.194 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(5.30) |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(8.86)
|
(0.43) |
(1.51) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.54)
|
(0.93) |
(4.33) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.63)
|
(0.02) |
(0.14) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.31
|
0.34 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90
|
1.05 |
2.67 |
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 |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN 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 |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Rupee Term Loans from Banks |
5.000 |
25.000 |
|
Term Loans from Others |
300.468 |
50.000 |
|
|
|
|
|
Total |
305.468 |
75.000 |
RESULTS OF OPERATIONS
During the year
ended 31st March 2012 the Company has suffered an operating loss of
Rs.75.757 Millions. The major factors which have contributed to the loss are
increase in cost of raw materials and other administration expenses.
COMPANY OVERVIEW
The Company is a
wholly owned subsidiary company of Mauri Fermentation India Pty Limited,
Australia. The ultimate holding company is Associated British Foods Plc, UK.
The Company is primarily engaged in production, sales and marketing of yeast,
bakery ingredients and spices and caters to both domestic and international
markets.
FIXED ASSETS:
· Land
· Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computers
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 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.54.65 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.