MIRA
INFORM REPORT
|
Report Date : |
20.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
BUNGE INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
B-401 and 501, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
22.10.1997 |
|
|
|
|
Com. Reg. No.: |
17-174267 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 147.993 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U15421MH1997PTC174267 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter of Dalda Vanaspati and Dalda Oil and Importer
of Oil. |
|
|
|
|
No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 22350000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of Bunge Limited. It is a well established and reputed company. The company has recorded
better growth in its sales during 2011-2012. Financial position appears to be
strong. Performance capability is high. The ratings also take into consideration the strong financial support
from its holding company. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of experience promoters, the company can be considered for
normal business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 DECLINED BY
|
Name : |
Mr. Kalpesh Dedhia |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-40509898 |
|
Date : |
19.04.2013 |
LOCATIONS
|
Registered Office / Corporate Office / Head Office : |
B-401 and 501, Business Square, Andheri – Kurla Road, Chakala, Andheri
(East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-40509898/ 99/40509500 /26533768 |
|
Fax No.: |
91-22-40509898/99 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
9000 sq. ft (Approximately) |
|
Location: |
Rented |
|
|
|
|
Factory 1: |
N.H. 12, P.O. Ramganj, Balaji District Bundi, Jaipur – 323001, |
|
Tel No.: |
91-747-2444840/2447623 |
|
Fax No.: |
91-747-2444525 |
|
Location: |
Owned |
|
|
|
|
Factory 2: |
Foods Factory, Edamalaipatti, Pudur Trichy – 620012, |
|
Location: |
Owned |
DIRECTORS
AS ON 24.09.2012
|
Name : |
Mr. Sudhakar Rao Seshagiri Desai |
|
Designation : |
Director |
|
Address : |
202, Odyssey – 1, |
|
Date of Birth/Age : |
28.10.1962 |
|
Date of Appointment : |
26.01.2004 |
|
PAN No.: |
ABPPB7579K |
|
DIN No.: |
00140673 |
|
|
|
|
Name : |
Mr. White John Christopher Silva |
|
Designation : |
Director |
|
Address : |
15 A, |
|
Date of Birth/Age : |
12.06.1952 |
|
Date of Appointment : |
28.04.2003 |
|
DIN No.: |
02638409 |
|
|
|
|
Name : |
Mr. Sanjay Satish Jain |
|
Designation : |
Director |
|
Address : |
Flat No.82, Versova Venus Co-op Housing Society, Plot No.6, RDP – 2,
Mahada layout, Andheri (West), Mumbai – 400 058, |
|
Date of Birth/Age : |
10.12.1967 |
|
Date of Appointment : |
16.11.2005 |
|
PAN No : |
ADDPJ7595B |
|
DIN No.: |
00140903 |
|
|
|
|
Name : |
Mr. Adhiraj Amarnath Sarin |
|
Designation : |
Director |
|
Address : |
Flat No.2, 2nd Floor, The Jackers, Carter Road, Mumbai –
400050, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1952 |
|
Date of Appointment : |
01.02.2006 |
|
PAN No.: |
AOBPS8742N |
|
DIN No.: |
00140989 |
|
|
|
|
Name : |
Mr. Subramanian Neelakantan Nataraj |
|
Designation : |
Director |
|
Address : |
301, Ambrosia Building, Hirannandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India |
|
Date of Birth/Age : |
22.06.1963 |
|
Date of Appointment : |
01.10.2008 |
|
PAN No.: |
AAGPN0452K |
|
DIN No.: |
01603182 |
|
|
|
|
Name : |
Mr. Ashish Saxena |
|
Designation : |
Director |
|
Address : |
C-16G, Delhi Police Apartments, Mayur Vihar, Phae-1, New Delhi-110091,
India |
|
Date of Birth/Age : |
08.06.1978 |
|
Date of Appointment : |
03.01.2012 |
|
PAN No.: |
AWWPS5292G |
|
DIN No.: |
05178530 |
|
|
|
|
Name : |
Mr. Samir Prempal Jain |
|
Designation : |
Director |
|
Address : |
201, Tower 11, Planet Godrej, Keshav Rao Khadye Marg, Mahalaxmi
(East), Mumbai, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1972 |
|
Date of Appointment : |
01.03.2012 |
|
PAN No.: |
AAIPJ2477N |
|
DIN No.: |
05255615 |
KEY EXECUTIVES
|
Name : |
Mr. Kalpesh Dedhia |
|
Designation : |
Finance Department |
|
|
|
|
Name : |
Mr. Gurdeep Kaur |
|
Designation : |
Secretary |
|
Address : |
B-25-397, Gobind Nagar, Patiala-147001, India |
|
Date of Birth/Age : |
16.09.1976 |
|
Date of Appointment : |
10.02.2012 |
|
PAN No.: |
AUXPK1340G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2012
|
Names of Shareholders |
No. of Shares |
|
Bunge Mauritius Holdings Limited, |
14799237 |
|
Sudhakar Rao Desai Jointly with Bunge Mauritius Holdings Limited,
India |
25 |
|
TOTAL
|
14799262 |
AS ON 24.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter of Dalda Vanaspati and Dalda Oil and Importer
of Oil. |
GENERAL INFORMATION
|
No. of Employees : |
1500 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Ř
Citi Bank Ř
HSBC Bank – Ř
Standard Chartered Bank - Ř
Deutche Bank - Ř
State Bank of India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
Tower 3, 27th – 32nd Floor, Indiabulls Finance
Centre, Elephistone Mills Compound, Senapati Bapat Marg, Elphistone (West),
Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-61854000 |
|
|
91-22-61854501/ 4601 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Holding Company : |
Bunge Mauritius Holdings Company |
|
|
|
|
Associates : |
Bunge London Limited |
|
|
|
|
Other Related Parties : |
·
Bunge Agribusiness Singapore Pte Limited ·
Grains And Industrial Products Trading Pte
Limited ·
Bunge Sa Geneva ·
Ecoinvest Sa Switzerland ·
Bunge Vietnam Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs. 180.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14799262 |
Equity Shares |
Rs.10/- each |
Rs. 147.993
Millions |
|
|
|
|
|
AS ON 24.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14799262 |
Equity Shares |
Rs.10/- each |
Rs. 147.993
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 |
147.993 |
147.993 |
147.992 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5441.507 |
3746.207 |
2463.022 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5589.500 |
3894.200 |
2611.014 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
156.900 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
6340.100 |
48.300 |
561.012 |
|
|
TOTAL BORROWING |
6497.000 |
48.300 |
561.012 |
|
|
DEFERRED TAX LIABILITIES |
72.800 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12159.300 |
3942.500 |
3172.026 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4487.500 |
618.900 |
572.563 |
|
|
Capital work-in-progress |
1123.300 |
41.700 |
28.243 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
9.100 |
9.286 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3302.000
|
2170.400
|
1126.326
|
|
|
Sundry Debtors |
43347.500
|
36540.300
|
26577.772
|
|
|
Cash & Bank Balances |
123.700
|
113.700
|
2299.196
|
|
|
Other Current Assets |
5336.300
|
1627.700
|
0.000
|
|
|
Loans & Advances |
1616.400
|
931.200
|
1207.833
|
|
Total
Current Assets |
53725.900
|
41383.300 |
31211.127 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6471.700
|
2266.400 |
1115.755 |
|
|
Other Current Liabilities |
40329.900
|
35555.600
|
27443.133
|
|
|
Provisions |
375.800
|
288.500
|
90.305
|
|
Total
Current Liabilities |
47177.400
|
38110.500 |
28649.193 |
|
|
Net Current Assets |
6548.500
|
3272.800
|
2561.934
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12159.300 |
3942.500 |
3172.026 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
263426.000 |
149170.000 |
|
|
|
|
Other Income |
8395.000 |
3608.000 |
|
|
|
|
TOTAL |
271821.000 |
152778.000 |
77007.090 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
269151.000 |
150741.000 |
76179.410 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2670.000 |
2037.000 |
827.680 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
175.000 |
114.000 |
112.980 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2495.000 |
1923.000 |
714.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
800.000 |
640.000 |
244.070 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1695.000 |
1283.000 |
470.630 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3662.000 |
2379.000 |
1907.900 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5357.000 |
3662.000 |
2378.530 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
127694.500 |
110731.200 |
34164.337 |
|
|
|
Other Earnings |
82.800 |
59.800 |
45.430 |
|
|
TOTAL EARNINGS |
127777.300 |
110791.000 |
34209.767 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
248043.300 |
137476.900 |
773.420 |
|
|
|
Finished Goods |
0.000 |
0.000 |
62871.014 |
|
|
TOTAL IMPORTS |
248043.300 |
137476.900 |
63644.434 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
114.53 |
86.69 |
31.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.62
|
0.84 |
0.61
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.95
|
1.29 |
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.29
|
4.58 |
2.25
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.49 |
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.16
|
0.01 |
0.21
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.09 |
1.09
|
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 |
Yes |
|
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 |
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) |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Fully convertible debenture from banks |
4550.000 |
0.000 |
|
Other loans and advances |
44.800 |
44.800 |
|
Working capital loans from banks |
1745.300 |
3.500 |
|
|
|
|
|
TOTAL |
6340.100 |
48.300 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
6471.700
|
2266.400 |
|
|
Due to micro, small
and medium enterprises |
--
|
-- |
2.239 |
|
Due to other than
micro small and medium enterprises |
--
|
-- |
1113.516 |
|
|
|
|
|
|
TOTAL |
6471.700
|
2266.400 |
1115.755 |
NOTE
The registered office of the company has been shifted from N.H. 12, P.O. Ramganj, Balaji District Bundi, Jaipur – 323001, Rajasthan, India to the present address w.e.f. 09.08.2007.
BUSINESS SEGMENTS
The Company's
business segments based on product lines are as under;
AGRIBUSINESS
Trading in crude
Edible oil, Agricultural commodities, and other related activities.
FOOD PRODUCTS
Manufacturing and
Trading of Vanaspati, Edible Oils and Bakery Fats and Margarine.
WORKING RESULTS
The total revenue for
the year was Rs. 271821 million as against Rs. 152778 million for the previous
year while the net sales was Rs. 263426 million and Rs. 149170 million
respectively. During the year, the Company earned a profit after tax
adjustments of Rs. 1695 million as against Rs. 1283 million earned in the
previous year.
PURCHASE OF EDIBLE OIL UNDERTAKING FROM AMRIT
BANASPATI COMPANY LIMITED
The Company has,
during the year (10th February, 2012), completed the acquisition of
the edible oils and fats business of Amrit Banaspati Company Limited (ABCL)
including its Plant at Rajpura Punjab as an inseparable whole on a slump sale
basis and as a going concern for a total consideration of Rs. 3205.000 Millions
including stamp duty, in terms of the Business Transfer Agreement (BTA) dated
21st December, 2011 entered into between the Parties. The Company
has also acquired the brand Gagan from Amrit Corporation Limited. (ACL) (a
group company of ABCL) for a total consideration of Rs. 1097.200 Millions.
A Non Compete Non Solicitation Agreement
was also entered into between the Company and promoters of ABCL. The Company
has paid a total consideration of Rs. 470.000 Millions as non - compete fees.
FIXED ASSETS
·
Goodwill
·
Brands
·
Technical Knowhow
·
Non Compete Fees
·
Computer Software
·
Freehold Land
·
Buildings
·
Plant and Machinery
·
Office Equipment and Furniture and Fixtures
·
Motor Vehicles
·
Leasehold Improvements
WEBSITE DETAILS
NEWS
BUNGE
COMPLETES ACQUISITION OF AMRIT BANASPATI'S EDIBLE OILS AND FATS BUSINESS
MUMBAI, India and NOIDA, India, Feb. 10, 2012
/PRNewswire/ -- Bunge India Private Limited, a wholly owned subsidiary of
Bunge Limited (NYSE: BG)
("Bunge India") and Amrit Banaspati Company Limited ("Amrit
Banaspati") today announced that Bunge has completed the previously
announced acquisition of the edible oils and fats business of Amrit Banaspati.
Bunge India also completed the acquisition of rights to GAGAN,
the vanaspati brand held by Amrit Corporation Limited.
About Bunge India Private Limited
Bunge India Private Limited, a wholly owned subsidiary of
Bunge Limited (NYSE: BG),
originates, refines and markets a wide range of edible oils and fats to serve
the needs of food manufacturers, food service companies and consumers across India. Its consumer brands in India
are DALDA, MASTERLINE and CHAMBAL.
About Bunge Limited
Bunge Limited is a leading global agribusiness and food
company with approximately 32,000 employees in more than 30 countries. Bunge
buys, sells, stores and transports oilseeds and grains to serve customers
worldwide; processes oilseeds to make protein meal for animal feed and edible
oil products for commercial customers and consumers; produces sugar and ethanol
from sugarcane; mills wheat and corn to make ingredients used by food
companies; and sells fertilizer in North and South America. Founded in
1818, the company is headquartered in White Plains, New
York.
About Amrit Banaspati Company Limited
Amrit Banaspati, listed on the Bombay
stock exchange, is a leading North India-based
edible oils and fats company with a storied history spanning seven
decades. Its manufacturing plant in the state of Punjab includes
equipment and facilities for refining crude edible oils, palm oil
fractionation, hydrogenation, margarine production and packaging. Its portfolio
of brands in bakery fats, vanaspati and refined oils includes AMRIT, BANSARI,
GINNI, MERRIGOLD and SUNEHRI TEER, among others. It also manufactures the
popular brand of GAGAN vanaspati under license from its associate company Amrit
Corporation Limited.
About Amrit Corporation Limited
Amrit Corp, listed on the Bombay
stock exchange, is the flagship company of the Amrit Group and was established
in 1940. Its present businesses consist of a dairy milk business that is
engaged in the food service sector with a unique set of UHT milk products, and
a real estate division. It is also the owner of the brand GAGAN, which it has
licensed to Amrit Banaspati Company Limited.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains both historical and forward-looking
statements. All statements, other than statements of historical fact are, or
may be deemed to be, forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking statements
are not based on historical facts, but rather reflect our current expectations
and projections about our future results, performance, prospects and
opportunities. We have tried to identify these forward-looking statements by
using words including "may," "will," "should,"
"could," "expect," "anticipate,"
"believe," "plan," "intend,"
"estimate," "continue" and similar expressions. These
forward-looking statements are subject to a number of risks, uncertainties and
other factors that could cause our actual results, performance, prospects or
opportunities to differ materially from those expressed in, or implied by,
these forward-looking statements. The following important factors, among
others, could affect our business and financial performance: industry
conditions, including fluctuations in supply, demand and prices for
agricultural commodities and other raw materials and products used in our
business; fluctuations in energy and freight costs and competitive developments
in our industries; the effects of weather conditions and the outbreak of crop
and animal disease on our business; global and regional agricultural, economic,
financial and commodities market, political, social and health conditions; the
outcome of pending regulatory and legal proceedings; our ability to complete,
integrate and benefit from acquisitions, dispositions, joint ventures and
strategic alliances; our ability to achieve the efficiencies, savings and other
benefits anticipated from our cost reduction, margin improvement and other
business optimization initiatives; changes in government policies, laws and
regulations affecting our business, including agricultural and trade policies,
tax regulations and biofuels legislation; and other factors affecting our
business generally. The forward-looking statements included in this release are
made only as of the date of this release, and except as otherwise required by
federal securities law, we do not have any obligation to publicly update or
revise any forward-looking statements to reflect subsequent events or
circumstances.
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. 54.02 |
|
|
1 |
Rs. 70.49 |
|
Euro |
1 |
Rs. 82.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.