|
Report Date : |
05.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
DUNAR FOODS LIMITED (w.e.f. 09.12.2010) |
|
|
|
|
Formerly Known
As : |
DUNAR FOODS PRIVATE LIMITED (w.e.f. 18.11.2010) DULI CHAND NARENDER KUMAR EXPORTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“Meadows”, 811, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.09.1997 |
|
|
|
|
Com. Reg. No.: |
11-208346 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.186.939
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01111MH1997PLC208346 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD2928F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Rice. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 14000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating reflects deterioration in Dunar Foods’ business risk
profile because of lower-than-expected revenue growth, a decline in the
operating margin, and a stretched working capital cycle. However, trade relations are fair. Business is active. Payment are
reported are slow but correct. The company can be considered for business dealing 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = B+ |
|
Rating Explanation |
Risk prone credit quality and high credit risk |
|
Date |
October 18, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
October 18, 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 (DENIED) BY
|
Name : |
Mr. Sandeep Singla |
|
Designation : |
Not Disclosed |
|
Contact No.: |
Not available |
|
Date : |
29.01.2014 |
LOCATIONS
|
Registered Office : |
“Meadows”, 811, Sahar Plaza, Andheri Kurla Road, Andheri (East),
Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40152772 |
|
Fax No.: |
91-22-40152768 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office/ Factory : |
Near CWC, Village Bazida Road, Karnal - 132001, Haryana, India |
|
Tel. No.: |
91-184-2220701/ 02/ 3055772 |
|
Mobile : |
91-9996625772 (Mr. Sandeep Singla) |
|
Fax No.: |
91-184-2220703/ 3056722 |
DIRECTORS
As On 29.09.2012
|
Name : |
Mr. Surender Gupta |
|
Designation : |
Managing Director |
|
Address : |
2247, Sector 7, Karnal – 132001, Haryana, India |
|
Date of Birth/Age : |
17.11.1971 |
|
Date of Appointment : |
23.07.2010 |
|
DIN No.: |
00248622 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01111MH1997PLC208346 |
DUNAR FOODS
LIMITED |
Managing
director |
23/07/2010 |
23/09/1997 |
- |
Active |
NO |
|
2 |
U51909DL2006PTC144334 |
NS RICEWARES EXPORTS
PRIVATE LIMITED |
Director |
02/01/2006 |
02/01/2006 |
- |
Active |
NO |
|
3 |
U01403DL2006PTC154486 |
AGGARSAIN AGRO
FARMS PRIVATE LIMITED |
Director |
28/09/2006 |
28/09/2006 |
- |
Active |
NO |
|
4 |
U15541DL2006PTC154499 |
DUNAR FOODS
& BEVERAGES PRIVATE LIMITED |
Director |
28/09/2006 |
28/09/2006 |
30/12/2010 |
Active |
NO |
|
5 |
U01111DL2006PTC154490 |
DN FOODGRAIN
EXPORTS PRIVATE LIMITED |
Director |
28/09/2006 |
28/09/2006 |
- |
Active |
NO |
|
6 |
U70109DL2006PTC154565 |
MADHAV ARCADE
PRIVATE LIMITED |
Director |
29/09/2006 |
29/09/2006 |
22/03/2008 |
Active |
NO |
|
7 |
U52599DL2006PTC154576 |
JAHAN RETAILS
& MARKETING PRIVATE LIMITED |
Director |
30/09/2006 |
30/09/2006 |
- |
Active |
NO |
|
8 |
U01118DL2007PTC160957 |
DEVYOG EXPORT
PRIVATE LIMITED |
Director |
22/03/2007 |
22/03/2007 |
- |
Active |
NO |
|
9 |
U20296DL2007PTC161251 |
NARMADA CEREAL
PRIVATE LIMITED |
Director |
28/03/2007 |
28/03/2007 |
02/09/2011 |
Active |
NO |
|
10 |
U65999MH2010PTC208839 |
DULISONS GLOBAL
FINVEST PRIVATE LIMITED |
Director |
11/10/2010 |
11/10/2010 |
- |
Active |
NO |
|
11 |
U15411MH2012PTC237573 |
DUNAR PARIVAR
PRIVATE LIMITED |
Director |
05/11/2012 |
05/11/2012 |
- |
Active |
NO |
|
12 |
U92412MH2013PTC241486 |
WHITE RICE ENTERTAINMENT
PRIVATE LIMITED |
Director |
29/03/2013 |
29/03/2013 |
19/09/2013 |
Under Process of
Striking off |
NO |
|
Name : |
Mrs. Kanta Gupta |
|
Designation : |
Director |
|
Address : |
2247, Sector 7, Karnal – 132001, Haryana, India |
|
Date of Birth/Age : |
08.04.1969 |
|
Date of Appointment : |
27.01.2011 |
|
DIN No.: |
00248714 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01111MH1997PLC208346 |
DUNAR FOODS
LIMITED |
Director |
27/01/2011 |
23/09/1997 |
- |
Active |
NO |
|
2 |
U51909DL2006PTC144334 |
NS RICEWARES
EXPORTS PRIVATE LIMITED |
Director |
02/01/2006 |
02/01/2006 |
- |
Active |
NO |
|
3 |
U51500DL2006PTC153782 |
SAKSHAM OVERSEAS
PRIVATE LIMITED |
Director |
15/09/2006 |
15/09/2006 |
- |
Active |
NO |
|
4 |
U51103DL2006PTC154393 |
MEENAL
INTEGRATED MARKETING PRIVATE LIMITED |
Director |
27/09/2006 |
27/09/2006 |
- |
Active |
NO |
|
5 |
U01111DL2006PTC154490 |
DN FOODGRAIN
EXPORTS PRIVATE LIMITED |
Director |
28/09/2006 |
28/09/2006 |
- |
Active |
NO |
|
6 |
U70109DL2006PTC154565 |
MADHAV ARCADE
PRIVATE LIMITED |
Director |
29/09/2006 |
29/09/2006 |
24/03/2008 |
Active |
NO |
|
7 |
U74999DL2007PTC160465 |
KSM DISTRIBUTORS
PRIVATE LIMITED |
Director |
13/03/2007 |
13/03/2007 |
- |
Active |
NO |
|
8 |
U01118DL2007PTC160957 |
DEVYOG EXPORT
PRIVATE LIMITED |
Director |
22/03/2007 |
22/03/2007 |
- |
Active |
NO |
|
9 |
U65999MH2010PTC208839 |
DULISONS GLOBAL
FINVEST PRIVATE LIMITED |
Director |
11/10/2010 |
11/10/2010 |
- |
Active |
NO |
|
10 |
U15411MH2012PTC237573 |
DUNAR PARIVAR
PRIVATE LIMITED |
Director |
05/11/2012 |
05/11/2012 |
- |
Active |
NO |
|
Name : |
Ms. Kirti Dua |
|
Designation : |
Director |
|
Address : |
L-1/275 B, DDA Flats, Kalkaji, New Delhi – 110019, India |
|
Date of Birth/Age : |
01.06.1977 |
|
Date of Appointment : |
01.07.2013 |
|
DIN No.: |
03332877 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U01111MH1997PLC208346 |
DUNAR FOODS
LIMITED |
Whole-time
director |
01/07/2013 |
26/11/2010 |
- |
Active |
NO |
|
2 |
U63040DL2011PTC215771 |
SPLENDOR TOUREX
PRIVATE LIMITED |
Director |
14/03/2011 |
14/03/2011 |
- |
Active |
NO |
|
Name : |
Mr. Gopal Srinivasan |
|
Designation : |
Director |
|
Address : |
Old No. 2, New No.3, West Side House, Adyar Club Gate Road, Chennai –
600028, Tamil Nadu, India |
|
Date of Birth/Age : |
04.08.1958 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
00177699 |
Other Directorship
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U65991TN1943PLC002656 |
SUNDARAM
INDUSTRIES LIMITED |
Director |
31/08/1979 |
31/08/1979 |
- |
Active |
NO |
|
2 |
U34101TN1929PLC002973 |
T.V. SUNDRAM
IYENGAR & SONS LIMITED |
Director |
31/08/1979 |
31/08/1979 |
- |
Active |
NO |
|
3 |
L35999TN1962PLC004792 |
SUNDARAM -CLAYTON
LIMITED |
Director |
18/08/2008 |
29/11/1985 |
- |
Active |
NO |
|
4 |
U65191TN1994PLC028851 |
TVS Capital
Funds Limited |
Managing
director |
01/11/2013 |
25/05/1995 |
- |
Active |
NO |
|
5 |
U35999TN1961PLC004678 |
LUCAS TVS
LIMITED |
Director |
28/03/1996 |
28/03/1996 |
- |
Active |
NO |
|
6 |
U30007TN1997PTC038151 |
HARITA
ELECTRONICS PRIVATE LIMITED |
Director |
09/05/1997 |
09/05/1997 |
- |
Active |
NO |
|
7 |
U65191TN1998PLC039853 |
TVS FINANCE AND
SERVICES LIMITED |
Director |
19/01/1999 |
19/01/1999 |
20/11/2012 |
Active |
NO |
|
8 |
U72200MH1989PLC166901 |
ICICI VENTURE
FUNDS MANAGEMENT COMPANY LIMITED |
Director |
12/07/1999 |
12/07/1999 |
28/07/2008 |
Active |
NO |
|
9 |
L35921TN1992PLC022845 |
TVS MOTOR
COMPANY LIMITED |
Director |
27/01/2000 |
27/01/2000 |
14/08/2008 |
Active |
NO |
|
10 |
U30006TN1996PLC035418 |
HARITA TECHSERV
LIMITED |
Director |
05/12/2001 |
05/12/2001 |
- |
Active |
NO |
|
11 |
L30007TN1995PLC032941 |
TVS ELECTRONICS
LIMITED |
Nominee director |
23/10/2008 |
18/07/2003 |
- |
Active |
NO |
|
12 |
U65993TN2004PLC054696 |
SUNDARAM
INVESTMENT LIMITED |
Director |
22/11/2004 |
22/11/2004 |
- |
Active |
NO |
|
13 |
U72900MH2001NPL133410 |
MEDIA LAB ASIA |
Director |
28/12/2004 |
28/12/2004 |
24/03/2011 |
Active |
NO |
|
14 |
U63011TN2004PLC054655 |
TVS LOGISTICS
SERVICES LIMITED |
Director |
05/08/2005 |
05/08/2005 |
- |
Active |
NO |
|
15 |
U80301TN2004NPL052529 |
GREAT LAKES
INSTITUTE OF MANAGEMENT |
Director |
19/01/2007 |
19/01/2007 |
03/05/2011 |
Active |
NO |
|
16 |
U72500TN2007PLC063540 |
TVS-E SERVICETEC
LIMITED |
Director |
29/08/2008 |
17/05/2007 |
- |
Amalgamated |
NO |
|
17 |
U72200TN2007PLC064091 |
HARITA ACADEMY
LIMITED |
Director |
28/08/2008 |
25/06/2007 |
28/09/2012 |
Strike off |
NO |
|
18 |
U67190MH2005PLC153819 |
MILESTONE
CAPITAL ADVISORS LIMITED |
Director |
28/06/2007 |
28/06/2007 |
20/04/2009 |
Active |
NO |
|
19 |
U65991TN2007PLC064133 |
TVS CAPITAL
FUNDS LIMITED |
Managing
director |
01/04/2013 |
28/06/2007 |
- |
Amalgamated |
NO |
|
20 |
U72900TN2007FTC065500 |
GrandTech India
Private Limited |
Director |
26/11/2007 |
26/11/2007 |
21/09/2011 |
Active |
NO |
|
21 |
U74140TN2004PTC052667 |
CROSS CREEK
CHANNEL INVESTMENT ADVISORS PRIVATE LIMITED |
Director |
05/08/2009 |
10/05/2008 |
- |
Active |
NO |
|
22 |
U22300DL2007PTC167650 |
NINE DOT NINE
MEDIAWORX PRIVATE LIMITED |
Nominee director |
10/10/2008 |
10/10/2008 |
12/05/2010 |
Active |
NO |
|
23 |
U70109MH2006PLC160918 |
LANDMARK LIMITED
(PART IX) |
Director |
17/08/2010 |
04/11/2009 |
19/04/2013 |
Active |
NO |
|
24 |
U93000KA2008PTC046355 |
NEXTWEALTH
ENTREPRENEURS PRIVATE LIMITED |
Director |
11/02/2010 |
11/02/2010 |
- |
Active |
NO |
|
25 |
U85110TN2010PTC075352 |
MEDFORT
HOSPITALS PRIVATE LIMITED |
Additional
director |
22/11/2010 |
22/11/2010 |
19/01/2011 |
Active |
NO |
|
26 |
U15499DL2005PTC139631 |
OM PIZZAS AND
EATS INDIA PRIVATE LIMITED |
Director |
24/12/2010 |
24/12/2010 |
13/03/2012 |
Active |
NO |
|
27 |
U55101MH2010PTC209517 |
Indian Cookery
Private Limited |
Nominee director |
01/03/2011 |
01/03/2011 |
- |
Active |
NO |
|
28 |
U74900TN2011PLC083371 |
SUNDARAM
ENGINEERING PRODUCTS SERVICES LIMITED |
Director |
01/12/2011 |
01/12/2011 |
- |
Active |
NO |
|
29 |
U74300DL2007PTC158884 |
MOSAIC MEDIA VENTURES
PRIVATE LIMITED |
Director |
20/09/2012 |
25/04/2012 |
- |
Active |
NO |
|
30 |
U01111MH1997PLC208346 |
DUNAR FOODS
LIMITED |
Nominee director |
28/09/2012 |
28/09/2012 |
13/09/2013 |
Active |
NO |
|
Name : |
Mr. Sankar BalSubramaniam |
|
Designation : |
Director |
|
Address : |
Flat – B, 23/F 1, May Road, MID Levels, Hongkong |
|
Date of Birth/Age : |
02.07.1952 |
|
Date of Appointment : |
10.05.2012 |
|
DIN No.: |
05275637 |
KEY EXECUTIVES
|
Name : |
Charul Kapoor |
|
Designation : |
Secretary |
|
Date of Appointment : |
01.02.2010 |
|
PAN No.: |
AWCKP2900P |
MAJOR SHAREHOLDERS
As On 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
International Finance Corporation, Washington |
|
3221111 |
|
IL and FS Trust Company Limited, India |
|
2493393 |
|
Surender Gupta |
|
1112170 |
|
Pista Devi |
|
126100 |
|
Kanta Gupta |
|
268714 |
|
Dulisons Cereals |
|
1239875 |
|
N S Investments and Associates Thruits Partners – Surender gupta and Kanta
Gupta |
|
3535000 |
|
P. D. Rice Exports (Private) Limited, India |
|
1257500 |
|
P. D. Agro Processors (Private) Limited, India |
|
1542500 |
|
Saksham Overseas (Private) Limited, India |
|
785000 |
|
D. N. Food Grains Exports Private Limited, India |
|
675000 |
|
Meenal Integrated Marketing Private Limited, India |
|
942500 |
|
Jahan Retails and Marketing (Private) Limited, India |
|
725000 |
|
Dunar Foods and Beverages (Private) Limited, India |
|
385000 |
|
Aggarsain Agro Farms (Private) Limited, India |
|
385000 |
|
|
|
|
|
Total |
|
18693863 |
As On 29.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies Corporate |
49.30 |
|
Directors
or relatives of directors |
8.00 |
|
Other
top fifty shareholders |
42.70 |
|
|
|
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rice. |
||||||||
|
|
|
||||||||
|
Products : |
· Basmati Rice · Sella Basmati Rice · 1121 Basmati Rice |
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Rice |
||||||||
|
Countries : |
· UAE · Dubai · UK · USA · Canada |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
|
Rice (Sortex) |
Qtls. |
-- |
3650000.00 |
2701523.77 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India Karnal Branch, Haryana, India · State Bank of Patiala SME, Commercial Branch, N K Tower, G T Road, Panipat – 132103, Haryana, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Charge on
current and future assets of the company also equitable mortgage on the
company’s land and Building. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. S. Goyal and Associates Chartered Accountant |
|
Address : |
M-7, Akarshan Bhawan, 23, Ansari Road, Daryaganj, New Delhi – 110002,
India |
|
PAN No.: |
AAPPG3303D |
|
|
|
|
Associate : |
·
Madhav Arcade Private Limited PAN No.: AAECM8760C ·
P D Rice Exports Private Limited PAN No.: AADCP6310J ·
PD Agroprocessors Private Limited PAN No.: AADCP7537M |
|
|
|
|
Joint Venture : |
·
Al Yas Gate General Tading Company LLC, Dubai |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
Rs.10/- each |
Rs.220.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18693863 |
Equity Shares |
Rs.10/- each |
Rs.186.939 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
186.939 |
129.654 |
|
(b) Reserves & Surplus |
|
3150.081 |
1637.801 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3337.020 |
1767.455 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
245.317 |
392.298 |
|
(b) Deferred tax liabilities (Net) |
|
98.544 |
76.996 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
1.771 |
0.999 |
|
Total Non-current Liabilities (3) |
|
345.632 |
470.293 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
5601.356 |
4547.923 |
|
(b) Trade
payables |
|
573.068 |
3049.153 |
|
(c) Other
current liabilities |
|
257.459 |
269.775 |
|
(d) Short-term provisions |
|
142.266 |
55.692 |
|
Total Current
Liabilities (4) |
|
6574.149 |
7922.543 |
|
|
|
|
|
|
TOTAL |
|
10256.801 |
10160.291 |
|
|
|
|
|
|
I.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1205.567 |
1279.507 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
8.537 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
3.071 |
3.071 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
12.587 |
14.157 |
|
(e) Other Non-current assets |
|
1.303 |
1.003 |
|
Total Non-Current
Assets |
|
1222.528 |
1306.275 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
7540.552 |
7672.307 |
|
(c) Trade
receivables |
|
1433.643 |
1073.194 |
|
(d) Cash and
cash equivalents |
|
15.878 |
53.271 |
|
(e)
Short-term loans and advances |
|
43.389 |
54.134 |
|
(f) Other
current assets |
|
0.811 |
1.110 |
|
Total Current Assets |
|
9034.273 |
8854.016 |
|
|
|
|
|
|
TOTAL |
|
10256.801 |
10160.291 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
129.654 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1162.071 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1291.725 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3526.473 |
|
|
2] Unsecured Loans |
|
|
3.305 |
|
|
TOTAL BORROWING |
|
|
3529.778 |
|
|
DEFERRED TAX LIABILITIES |
|
|
50.718 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4872.221 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1054.214 |
|
|
Capital work-in-progress |
|
|
6.282 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3818.295 |
|
|
Sundry Debtors |
|
|
350.829 |
|
|
Cash & Bank Balances |
|
|
19.169 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
39.429 |
|
Total
Current Assets |
|
|
4227.722 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
355.679 |
|
|
Other Current Liabilities |
|
|
19.857 |
|
|
Provisions |
|
|
41.255 |
|
Total
Current Liabilities |
|
|
416.791 |
|
|
Net Current Assets |
|
|
3810.931 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.294 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4872.221 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9728.726 |
7726.664 |
5745.104 |
|
|
|
Other Income |
1.474 |
18.558 |
13.144 |
|
|
|
TOTAL |
9730.200 |
7745.222 |
5758.248 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
6605.806 |
7404.428 |
4407.621 |
|
|
|
Manufacturing Services Costs |
|
|
119.354 |
|
|
|
Changes in Inventories of finished goods, work in
progress and stock in trade |
265.260 |
(1732.587) |
0.000 |
|
|
|
Employee Benefit Expenses |
69.249 |
50.772 |
15.120 |
|
|
|
Administrative Selling Other Expenses
|
0.000 |
0.000 |
221.104 |
|
|
|
Other Expenses |
1013.825 |
616.159 |
0.000 |
|
|
|
TOTAL |
7954.140 |
6338.772 |
4763.199 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1776.060 |
1406.450 |
995.049 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
920.993 |
648.409 |
473.321 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
855.067 |
758.041 |
521.728 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
122.189 |
106.907 |
58.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX,
PRIOR PERIOD ITEMS |
732.878 |
651.134 |
463.673 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ITEMS |
0.317 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
732.561 |
651.134 |
463.673 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
286.039 |
175.402 |
136.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
446.522 |
475.732 |
327.294 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
Export Value of goods (FOB) |
4885.664 |
4007.176 |
2901.619 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
59.130 |
56.487 |
|
|
TOTAL IMPORTS |
NA |
59.130 |
56.487 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.10/-) |
31.50 |
36.69 |
25.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.58
|
6.14 |
6.14
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.52
|
8.42 |
8.47
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.14
|
6.41 |
6.50
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.36 |
0.37
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.75
|
2.79 |
4.66
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
1.12 |
2.76
|
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 |
No4 |
|
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 |
No |
|
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 |
NOTE:
The Registered Office of the company has been
shifted from E-254, Greater Kailash – II, New Delhi – 110048, India, to the
present address w.e.f. 23.08.2010.
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Short Term
Borrowings |
|
|
|
Loans Directors Unsecured |
0.000 |
2.804 |
|
|
|
|
|
Total |
0.000 |
2.804 |
FINANCIAL REVIEW
During the year, the
Company’s turnover and other income increased by 25.63% and PBT increased by
12.51% over the previous year. We have managed to increase our top line but due
to increase in interest cost bottom line is slightly reduced.
SUBSIDIARY COMPANIES
Company has
incorporated two (100%) wholly owned foreign subsidiary Companies in United
Kingdom and United States. Out of which one wholly owned subsidiary is
incorporated at Middlesex, United Kingdom in the name of Dunar Foods (UK)
Limited and another subsidiary is incorporated in State of Delaware in the name
of Dunar Foods Inc. All the above subsidiary Companies are yet to start its
business operations.
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10446026 |
13/08/2013 |
7,900,400,000.00 |
STATE BANK OF
INDIA |
SPECIALISED
COMMERCIAL BRANCH, AMBEDKAR CHOWK, KA |
B83560631 |
|
2 |
10410092 |
11/03/2013 |
786,700,000.00 |
Bank of Baroda |
Opp Bus Stand,
Old G T Road, Karnal, Haryana - 132 |
B70190780 |
|
3 |
10407398 |
02/01/2013 |
500,000,000.00 |
State Bank of
India |
Specialised
Commercial Branch, Ambedkar Chowk, Ka |
B69281160 |
|
4 |
10407400 |
02/01/2013 |
500,000,000.00 |
State Bank of
India |
Specialised
Commercial Branch, Ambedkar Chowk, Ka |
B69280279 |
|
5 |
10407399 |
02/01/2013 |
3,110,000,000.00 |
State Bank of
India |
Specialised
Commercial Branch, Ambedkar Chowk, Ka |
B69279222 |
|
6 |
10293610 |
10/02/2012 * |
100,000,000.00 |
State Bank of
India |
Specialised
Commercial Branch, Ambedkar Chowk, Ka |
B34821090 |
|
7 |
10293606 |
02/01/2013 * |
128,100,000.00 |
State Bank of
India |
Specialised
Commercial Branch, Ambedkar Chowk, Ka |
B69287324 |
|
8 |
10252007 |
16/01/2013 * |
2,265,600,000.00 |
State Bank of
Patiala |
MID Corporate
Branch, Panipat, Haryana - 132103, I |
B70195102 |
|
9 |
10229765 |
28/05/2010 |
80,000,000.00 |
STATE BANK OF
PATIALA |
MID CORPORATE
BRANCH, G.T.ROAD, PANIPAT, Haryana |
A89583728 |
|
10 |
10219920 |
10/02/2012 * |
120,000,000.00 |
State Bank of
India |
Specialised
Commercial Branch, Ambedkar Chowk, Ka |
B34822312 |
*
Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Furniture and Fixture
· Vehicles
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.62.68 |
|
|
1 |
Rs.101.97 |
|
Euro |
1 |
Rs.84.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
SDP |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
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 |
|
32 |
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.