|
Report Date : |
06.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
IDMC LIMITED (w.e.f. 26.01.2007) |
|
|
|
|
Formerly Known
As : |
INDIAN DAIRY
MACHINERY COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 124-128,
GIDC Estate, Vithal Udyognagar, District Anand-388121, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.09.1992 |
|
|
|
|
Com. Reg. No.: |
04-018283 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 121.450 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299GJ1992PLC018283 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDI00332D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI4631E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and
Supplier of Equipment for Application in Dairy, Pharma, Beverage, Brewery and
Thermal Management, Cattle feed as well as packaging Industries. |
|
|
|
|
No. of Employees
: |
Information declined by management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3100000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “National Dairy Development
Board”. It is a well-established and reputed company having fine track
record. There appears losses recorded by the company from its operational
activities during the financial year 2013. However, general financial position of the company seems to be sound
and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of strong holdings the company can be considered normal for
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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces
a 119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: A |
|
Rating Explanation |
Adequate degree at safety and low credit risk. |
|
Date |
10.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A1 |
|
Rating Explanation |
Very strong degree at safety. |
|
Date |
10.09.2013 |
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
MANAGEMENT NON – COOPERATIVE (91-2692-236375)
LOCATIONS
|
Registered
Office/ Corporate office /Factory 1: |
Plot No. 124-128,
GIDC Estate, Vithal Udyognagar, District Anand - 388121, |
|
Tel. No.: |
91-2692-236375/ 229917/ 229918/ 229921/ 229922/ 229923/ 223675/ 225151 |
|
Fax No.: |
91-2692-236580/
236164/ 234397/ 234397 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory 2 : |
(Machine Shop) Plot
No. 606-608, GIDC Estate, Vithal Udyog Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Factory 3 : |
(BMC Unit) Plot No. 443-B , GIDC Estate, Vithal Udyog
Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Factory 4 : |
(Optifilm Division) Plot No. 94-97, GIDC Estate, Vithal
Udyog Nagar, Anand, |
|
Fax No.: |
91-2692-233029 |
|
Location: |
Owned |
|
|
|
|
Factory 5 : |
Plot No. C-1/11-12, GIDC Estate, Vithal Udyog Nagar, Anand, |
|
Location: |
Owned |
|
|
|
|
Regional Offices : |
Western Express Highway, Near Mahananda, Dairy, Goregaon (East),
Mumbai – 400063, Maharashtra, India Tel. No.: 91-22-26856256/
23591884 Fax No.:91-22-26856122 Located At: ·
Chennai ·
New Delhi ·
·
·
·
Kolkata ·
Anand |
DIRECTORS
As on 29.08.2013
|
Name : |
Dr. Amrita Hirubhai Patel |
|
Designation : |
Chairman |
|
Address : |
Savita” Bungalow,
Vallabh Vidhyanagar, Anand – 388 120, |
|
Date of Birth/Age : |
13.11.1943 |
|
Date of Appointment : |
12.10.1992 |
|
DIN No.: |
00065052 |
|
|
|
|
Name : |
Mr. |
|
Designation : |
Managing director |
|
Address : |
B-3, NDDB Campus,
Anand – 388 001, |
|
Date of Birth/Age : |
20.05.1962 |
|
Date of Appointment : |
16.03.2012 |
|
DIN No.: |
00277044 |
|
|
|
|
Name : |
Mr. Deepak Tikku |
|
Designation : |
Director |
|
Address : |
D-11, First
Floor, (B/P), Maharani Bagh, Delhi -
110065, India |
|
Date of Birth/Age : |
19.06.1948 |
|
Date of Appointment : |
30.07.1999 |
|
DIN No.: |
00064125 |
|
|
|
|
Name : |
Mr. Dilip Rath |
|
Designation : |
Director |
|
Address : |
National Dairy Development board, Near Jagnath Mahadev, Anand –
388001, |
|
Date of Birth/Age : |
15.11.1954 |
|
Date of Appointment : |
21.12.2011 |
|
DIN No.: |
05163623 |
|
|
|
|
Name : |
Mr. Subramaniam Ramachandran Iyer |
|
Designation : |
Director |
|
Address : |
R -3, |
|
Date of Birth/Age : |
28.05.1940 |
|
Date of Appointment : |
22.09.2003 |
|
DIN No.: |
00580437 |
|
|
|
|
Name : |
Mr. Sangramsinh Raysangbhai Chaudhary |
|
Designation : |
Director |
|
Address : |
B-6, NDDB Campus,
Anand – 388 001, |
|
Date of Birth/Age : |
06.09.1960 |
|
Date of Appointment : |
16.03.2012 |
|
DIN No.: |
01850128 |
|
|
|
|
Name : |
Mr. Anil Shenoi |
|
Designation : |
Whole-time director |
|
Address : |
B -12, NDDB
Campus, Anand – 388 001, Gujarat, India |
|
Date of Birth/Age : |
01.02.1958 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00062468 |
|
PAN No.: |
AHFPS3497R |
KEY EXECUTIVES
|
Name : |
Ms. Kinnari Hanskumar Shah |
|
Designation : |
Company Secretary |
|
Address : |
10, Ashok Apartment, Opposite Suraj Paty Plot, |
|
Date of Birth/Age : |
06.07.1978 |
|
Date of Appointment : |
01.01.2011 |
|
Pan No. : |
BAGPS6051Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
National Dairy Development |
|
12144538 |
|
Amrita Patel |
|
1 |
|
Y. Y. Patil |
|
1 |
|
Anil Shenoi |
|
1 |
|
Dilip Rath |
|
1 |
|
Sangram R. Chaudhary |
|
1 |
|
|
|
1 |
|
Total |
|
12144544 |
Equity Share Break up (Percentage of Total Equity)
As on 29.08.2013
|
Category |
Percentage |
|
Public
Financial Companies |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Supplier of Equipment for Application in Dairy, Pharma, Beverage, Brewery and
Thermal Management, Cattle feed as well as packaging Industries. |
||||||||||||||||
|
|
|
||||||||||||||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Fabricated equipments |
Nos. |
NA |
783 |
|
Bulk Milk Cooling Tank |
Nos. |
NA |
1141 |
|
SS Fittings |
Nos. |
NA |
50409 |
|
Pumps |
Nos. |
NA |
1763 |
|
Plate heat Exchanges |
Nos. |
NA |
736 |
|
Components Spares and accessories |
Nos. |
NA |
27725 |
|
Optifilm |
Kgs. |
9100000 |
7825183 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institute: |
National Dairy
Development Board, Near Jagnath Mahadev, Anand - 380001, Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
31, Nutan Bharat Socity, Alkapuri, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFD2337G |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12144544 |
Equity Shares |
Rs. 10/- each |
Rs. 121.450 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
121.450 |
121.450 |
121.450 |
|
(b) Reserves & Surplus |
657.130 |
787.870 |
780.650 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
778.580 |
909.320 |
902.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
129.050 |
202.800 |
281.540 |
|
(b) Deferred tax liabilities (Net) |
87.070 |
80.620 |
68.410 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.870 |
4.870 |
4.540 |
|
Total Non-current Liabilities (3) |
220.990 |
288.290 |
354.490 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
945.330 |
814.070 |
693.020 |
|
(b) Trade payables |
681.850 |
857.260 |
715.250 |
|
(c) Other current
liabilities |
457.850 |
323.700 |
299.270 |
|
(d) Short-term provisions |
24.750 |
24.750 |
87.550 |
|
Total Current Liabilities (4) |
2109.780 |
2019.780 |
1795.090 |
|
|
|
|
|
|
TOTAL |
3109.350 |
3217.390 |
3051.680 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
782.780 |
821.960 |
854.940 |
|
(ii) Intangible Assets |
25.460 |
16.150 |
3.630 |
|
(iii) Capital
work-in-progress |
1.820 |
8.910 |
8.980 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.870 |
12.190 |
9.880 |
|
(e) Other Non-current assets |
124.790 |
149.010 |
148.350 |
|
Total Non-Current Assets |
950.720 |
1008.220 |
1025.780 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
531.720 |
549.420 |
618.860 |
|
(c) Trade receivables |
1251.01 |
1399.870 |
1223.670 |
|
(d) Cash and cash
equivalents |
176.84 |
32.120 |
23.010 |
|
(e) Short-term loans and
advances |
177.35 |
212.640 |
150.430 |
|
(f) Other current assets |
21.710 |
15.120 |
9.930 |
|
Total Current Assets |
2158.630 |
2209.170 |
2025.900 |
|
|
|
|
|
|
TOTAL |
3109.350 |
3217.390 |
3051.680 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3599.180 |
4188.890 |
3938.960 |
|
|
|
Other Income |
10.590 |
11.300 |
13.150 |
|
|
|
TOTAL (A) |
3609.770 |
4200.190 |
3952.110 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2618.820 |
3080.740 |
2684.200 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
21.690 |
75.760 |
8.830 |
|
|
|
Employee benefit expense |
310.52 |
280.570 |
228.670 |
|
|
|
Other expenses |
581.860 |
531.120 |
486.680 |
|
|
|
TOTAL (B) |
3532.890 |
3968.190 |
3408.380 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
76.880 |
232.000 |
543.730 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
120.490 |
132.940 |
111.550 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(43.610) |
99.060 |
432.180 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
85.570 |
79.460 |
80.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(129.180) |
19.600 |
352.120 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.560 |
12.380 |
119.950 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(130.740) |
7.220 |
232.170 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
546.000 |
538.780 |
352.343 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
17.500 |
|
|
|
Proposed Dividend (including tax on dividend) |
0.000 |
0.000 |
28.230 |
|
|
BALANCE CARRIED
TO THE B/S |
415.260 |
546.000 |
538.780 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export (FOB Basis) |
11.640 |
22.590 |
106.910 |
|
|
|
Commission Earnings |
0.930 |
0.980 |
0.120 |
|
|
TOTAL EARNINGS |
12.570 |
23.570 |
107.030 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
7.460 |
3.730 |
0.000 |
|
|
|
Bought Out |
429.180 |
384.760 |
396.800 |
|
|
|
Capital Goods |
183.490 |
380.820 |
616.570 |
|
|
|
Goods-In-Transit |
0.000 |
0.000 |
5.260 |
|
|
TOTAL IMPORTS |
620.130 |
769.310 |
1018.630 |
|
|
|
|
|
|
|
|
|
|
Earnings Per /
(Loss) Share (Rs.) |
(10.77) |
0.59 |
19.12 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(3.62)
|
0.17
|
5.88
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.59)
|
0.47
|
8.94
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.16)
|
0.23
|
7.66
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.17)
|
0.01
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.38
|
1.12
|
1.08
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.77
|
1.09
|
1.13
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
73.740 |
76.700 |
77.270
|
|
|
|
|
|
|
Total |
73.740 |
76.700 |
77.270
|
|
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 |
No |
|
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 |
Yes |
PERFORMANCE
During the year,
IDMC continued to operate in the business segments of Dairy, Thermal management
system, Pharmaceuticals and Biotechnology, Brewery & Beverages, Cattle feed
and Packaging.
The year witnessed
a general slowdown in the domestic and global economies. This had an impact on
IDMC’s income. The Company’s Revenue from Operations for FY 2012-13 was Rs.
3599.180 Millions. The metal division registered a sales/ revenue of Rs.
2507.810 Millions and the plastic division reported a sales/ revenue of Rs.
1091.370 Millions.
OUTLOOK
While the growth
rate of the Indian economy has slowed down, due to a deceleration in the
industrial sector and the falling rupee, IDMC’s order booking is reasonably
satisfactory for FY 2013-14. This is expected to help IDMC in meeting the
challenges of growth in a viable manner.
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10381722 |
17/10/2012 |
400,000,000.00 |
STATE BANK OF INDIA |
SPECIAL COMMERCIAL BRANCH, JAYLAXMI PLAZA,
GANESH |
B60141041 |
|
2 |
10372064 |
01/11/2012 * |
870,000,000.00 |
INDIAN BANK |
5/8/14, STATION ROAD, ANAND, ANAND,
GUJARAT - 388 |
B62500277 |
|
3 |
10348929 |
03/07/2013 * |
350,000,000.00 |
AXIS BANK LIMITED |
"TRISHUL", 3RD FLOOR, OPP.
SAMATHESHWAR TEMPLE,, |
B79985537 |
|
4 |
10344136 |
20/09/2012 * |
1,300,000,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
NR. JAGNATH MAHADEV, NATIONAL DAIRY
DEVELOPMENT B |
B59067181 |
|
5 |
90096023 |
27/07/2000 * |
120,000,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, GUJARAT - 388001,
INDIA |
- |
|
6 |
90095986 |
29/12/1997 |
72,500,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
P. B. NO. 40, ANAND, GUJARAT - 388001,
INDIA |
- |
|
7 |
90095538 |
05/06/2002 * |
48,279,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, WEST BENGAL -
388001, INDI |
- |
|
8 |
90095886 |
19/07/1994 |
48,279,000.00 |
NATIONAL DAIRY DEVELOPMENT BOARD |
POST BOX NO. 40, ANAND, GUJARAT - 388001,
INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2013 |
|
Income Tax |
0.000 |
|
Sales Tax |
7.790 |
|
Customs Duty |
54.250 |
|
Excise Duty |
13.870 |
|
Outstanding balance on letter of credit and bank guarantees |
1096.280 |
|
Differential custom duty for importing goods under Project Import
'-Chapter No.98.01 (to the extent remaining unfulfilled) |
7.900 |
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Factory equipment’s
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Computer equipment’s
Intangible assets
·
Computer software
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.61.69 |
|
|
1 |
Rs.101.08 |
|
Euro |
1 |
Rs.84.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
51 |
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.