MIRA INFORM REPORT

IDENTIFICATION DETAILS

Name :	KATE DAIRY FARMS PRIVATE LIMITED
Country :	India
Financials (as on) :	31.03.2013
Legal Form :	Private Limited Liability Company
No. of Employees :	Information denied by management

BUSINESS DETAILS

Line of Business :

Subject is engaged into milk business like milk packing.

GENERAL INFORMATION

No. of Employees :

Information denied by management

Bankers :

· The Baramati Sahakari Bank Limited, H.O.- Bhigwan Chowk, Baramati, Through Chinchwad Branch, Pune, Maharashtra - 411019, India

· The Vishweshwar Sahakari Bank Limited, 471/472, Market Yard, Gultekadi, Through Its Pimple Saudagar Branch, Pune - 411027, Maharashtra, India

Tel No.: 91-20-24263606

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Term Loan from Bank
The Baramati Sahakari Bank Limited Term Loan (Secured by plant and machinery and directors personal guarantee)	20.461	23.321
Term loan from others
Sundaram Finance Limited (Secured by Tata 407 truck and directors personal guarantee)	0.000	0.044
Sundaram Finance Limited (Secured by Tata 407 truck and directors personal guarantee)	0.261	0.000
Sundaram Finance Limited (Secured by new tanker and directors personal guarantee)	0.668	0.000
Sundaram Finance Limited (Secured by Tata 1109 (No.1985) and directors personal guarantee)	0.619	0.000
Short Term Borrowings
Loan repayable on demand from banks
The Baramati Sahakari Bank Limited CC7/114 (Secured by stock in trade and receivables with directors personal guarantee)	9.238	2.528
The Baramati Sahakari Bank Limited OD 21/121 (Secured by plant and machinery and directors personal guarantee)	4.605	4.218
Total	35.852	30.111

Banking Relations :	--
Auditors :
Name :	Prasad Kulkarni and Associates Chartered Accountants
Address :	Office No.1, Frist Floor, Sai Arcade, Sambhaji Nagar, MIDC Chinchawad, Pune – 411019, Maharashtra, India
Tel. No.:	91-20-27370123
E-Mail :	pkulkarniassociates@gmail.com
PAN No.:	AJVPK5849D

MAJOR SHAREHOLDERS

As on 30.09.2013

Names of Shareholders	No. of Shares
Rajendra Sadba Kate	333
Avinash Sadaba Kate	334
Ramesh Sadba Kate	333
Total	1000

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	0.100	0.100	0.100
(b) Reserves & Surplus	0.129	3.280	2.437
(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)	0.229	3.380	2.537
(3) Non-Current Liabilities
(a) long-term borrowings	38.573	23.365	4.912
(b) Deferred tax liabilities (Net)	0.532	0.255	0.325
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	39.105	23.620	5.237
(4) Current Liabilities
(a) Short term borrowings	14.145	6.971	12.683
(b) Trade payables	11.352	5.835	4.881
(c) Other current liabilities	6.588	7.344	5.938
(d) Short-term provisions	0.000	0.228	0.450
Total Current Liabilities (4)	32.085	20.378	23.952
TOTAL	71.419	47.378	31.726
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	47.858	23.096	22.688
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.876	0.876	0.300
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	48.734	23.972	22.988
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	6.704	1.157	0.659
(c) Trade receivables	9.062	11.682	6.089
(d) Cash and cash equivalents	2.012	0.685	0.597
(e) Short-term loans and advances	2.375	9.200	0.901
(f) Other current assets	2.532	0.682	0.492
Total Current Assets	22.685	23.406	8.738
TOTAL	71.419	47.378	31.726

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL	151.072	179.382	138.334
Less	EXPENSES
		Cost of Materials Consumed
		Purchase of Stock-in-trade
		Other Expenses
		TOTAL	150.064	182.199	136.327
	PROFIT/(LOSS) BEFORE TAX		1.008	(2.817)	2.007
Less	TAX		0.159	0.277	0.657
	PROFIT/(LOSS) AFTER TAX		0.849	(3.094)	1.350
	Earnings Per Share (Rs.)		849.00	NA	NA

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear

RBI DEFAILTERS’ LIST STATUS

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

LOCATIONS

Registered Office :	175, Pimple Saudagar,  Pune – 411027, Maharashtra, India
Tel. No.:	91-20-27401700
Mobile No.:	91-9637419195 (Ms. Vidya More)
Fax No.:	Not Available
E-Mail :	pkulkarniassociates@gmail.com katedairyfarmpvtltd@yahoo.in
Website :	http://katefoodinductries.com

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