1. Summary Information
|
|
|
Country |
India |
|
Company Name |
GROBEST FEEDS CORPORATION
(INDIA) LIMITED |
Principal Name 1 |
Shim Wu Voon |
|
Status |
Satisfactory |
Principal Name 2 |
Ko Chi Kang |
|
|
|
Registration # |
18- 041807 |
|
Street Address |
38/1, Nowroji Road,
Chetpet Chennai-600031, Tamilnadu, India |
||
|
Established Date |
29.01.1999 |
SIC Code |
-- |
|
Telephone# |
91-44-26411688 / 26431813 / 26431814 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-26413249 |
Business Style 2 |
Seller |
|
Homepage |
-- |
Product Name 1 |
Prawn Feeds |
|
# of employees |
Not Available |
Product Name 2 |
--- |
|
Paid up capital |
Rs. 143,312,500 /- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100.00% |
Banking |
Union Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
15 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
Virgin Islands, British |
Grobest Investments Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
425,342,000 |
Current Liabilities |
116,629,000 |
|
Inventories |
234,227,000 |
Long-term Liabilities |
146,578,000 |
|
Fixed Assets |
284,971,000 |
Other Liabilities |
201,789,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
464,996,000 |
|
Invest& other Assets |
4,409,000 |
Retained Earnings |
340,638,000 |
|
|
|
Net Worth |
483.953,000s |
|
Total Assets |
948,949,000 |
Total Liab. & Equity |
948,949,000 |
|
Total Assets (Previous Year) |
585,163,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,274,556,00 |
Net Profit |
177,188,000 |
|
Sales(Previous yr) |
737,948,000 |
Net Profit(Prev.yr) |
78,379,000 |
|
Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
GROBEST FEEDS CORPORATION (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
38/1, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.01.1999 |
|
|
|
|
Com. Reg. No.: |
18- 041807 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 143.312 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15123TN1999PLC041807 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEG02256C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG0897R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Seller of Prawn Feeds. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of ‘Grobest Investments Limited., British Virgin
Islands’. It is an established company having a satisfactory track record. Management of the company has filed its latest financial with the
government department but the same is not available with us. As per previous
year’s record, the company is found to be progressing well. Trade relations are reported as decent. Business is active. Payment
terms are reported as usually correct and as per commitment. The company can be considered for business dealings at usual trade
terms and conditions. |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of transactions
has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB (Long term rating) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
17.05.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ (Short term rating) |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
17.05.2013 |
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.
LOCATIONS
|
Registered Office : |
38/1, |
|
Tel. No.: |
91-44-26411688 / 26431813 / 26431814 |
|
Fax No.: |
91-44-26413249 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 25.07.2013
|
Name : |
Shim Wu Voon |
|
Designation : |
Director |
|
Address : |
Flat No. GF, Ground Floor, Camber Hall, Victoria Cresent Road, Egmore,
Chennai-600105, Tamilnadu, India |
|
Date of Birth/Age : |
15.09.1967 |
|
Qualification : |
Bachelor of Aquaculture Science |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
00174572 |
|
|
|
|
Name : |
Ko Chi Kang |
|
Designation : |
Director |
|
Address : |
No.22, AI, I Street, Tao Yuan, Taiwan R.O.C |
|
Date of Birth/Age : |
14.05.1949 |
|
Qualification : |
Technical |
|
Date of Appointment : |
29.01.1999 |
|
DIN No.: |
02914372 |
|
|
|
|
Name : |
Chen Ho Hsiu |
|
Designation : |
Director |
|
Address : |
229, Chi Hsien, 2nd Road, Kaohsuing, Taiwan, R.O.C |
|
Date of Birth/Age : |
19.09.1936 |
|
Qualification : |
Technical |
|
Date of Appointment : |
29.01.1999 |
|
DIN No.: |
02914441 |
|
|
|
|
Name : |
Kuan Yu Wu |
|
Designation : |
Director |
|
Address : |
No. 1, Lane 133,
Chungcheng Road, Lin 5, Kuangjung Li, Luchou City, Taipei County ,Luchou City
24758 |
|
Date of Birth/Age : |
25.03.1956 |
|
Qualification : |
Technical |
|
Date of Appointment : |
16.08.2010 |
|
DIN No.: |
03095571 |
|
|
|
|
Name : |
Pichai Charoonpisit |
|
Designation : |
Director |
|
Address : |
199/12, Vipavadee Rangsit Road, Phyathai, Bangkok- 10400, Thailand |
|
Date of Birth/Age : |
15.01.1943 |
|
Date of Appointment : |
29.01.1999 |
|
DIN No.: |
05179374 |
|
|
|
|
Name : |
Chen Chung Ping |
|
Designation : |
Director |
|
Address : |
SF., No.53, Zhengfeng
St., Sanmin District, Kaohsiung City, 00807, Taiwan, Province of China |
|
Date of Birth/Age : |
23.11.1948 |
|
Date of Appointment : |
11.07.2011 |
|
DIN No.: |
05179412 |
KEY EXECUTIVES
|
Name : |
Mr. N Ramanathan Radhakrishnan |
|
Designation : |
Company Secretary |
|
Address : |
Sri Krishna Apartment, 48(94), First Floor, |
|
Date of Birth/Age : |
02.06.1951 |
|
Date of Appointment : |
01.05.2002 |
|
PAN No.: |
AAOPR8222K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Chen Ho Hsiu |
|
50 |
|
Pichai Charoonpist |
|
50 |
|
Ko Chi Kang |
|
50 |
|
Ko Kuan Pu |
|
50 |
|
Shim Wu Voon |
|
50 |
|
Grobest Corporation Limited, Thailand |
|
4156062 |
|
Chen Shan Tien |
|
50 |
|
Grobest Investments Limited, British Virgin Islands |
|
10174838 |
|
Chen Chung Ping |
|
50 |
|
Total |
|
14331250 |
As on 25.07.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of Prawn Feeds. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· State Bank of Travancore, Commercial Branch, 556, Anna Salai, Teynampet, Chennai - 600018, Tamilnadu, India ·
Union Bank of India, Industrial Finance Branch,
12 Riaz Garden Kodambkkam High Road Nungambakkam, Chennai - 600034,
Tamilnadu, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Chartered Accountants |
|
Address : |
New No.6 (Old No.21), 3rd Main Road, Seethamma Colony,
Alwarpet, Chennai-600031, Tamilnadu, India |
|
PAN No.: |
AAKFS0380B |
|
|
|
|
Related Party : |
· Grobest Int.Dev. Limited, Hongkong · Grobest and I - Mei Industrial Vietnam Company Limited, Vietnam ·
P.T. Grobest Indomakmur, Indonesia |
|
|
|
|
Holding Company : |
Grobest Investments Limited |
|
|
|
|
Associate : |
Grobest Corporation Limited |
CAPITAL STRUCTURE
As on 25.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Share |
Rs.10/- each |
Rs.170.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14331250 |
Equity Share |
Rs.10/- each |
Rs.143.312
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
143.313 |
|
(b) Reserves & Surplus |
|
|
340.638 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.002 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
483.953 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
73.641 |
|
(b) Deferred tax liabilities (Net) |
|
|
28.072 |
|
(c) Other long term liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
4.485 |
|
Total Non-current Liabilities (3) |
|
|
106.198 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
72.937 |
|
(b) Trade payables |
|
|
88.587 |
|
(c) Other current
liabilities |
|
|
28.042 |
|
(d) Short-term provisions |
|
|
169.232 |
|
Total Current Liabilities (4) |
|
|
358.798 |
|
|
|
|
|
|
TOTAL |
|
|
948.949 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
284.888 |
|
(ii) Intangible Assets |
|
|
0.083 |
|
(iii) Capital
work-in-progress |
|
|
4.409 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
167.165 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
456.545 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
234.227 |
|
(c) Trade receivables |
|
|
123.913 |
|
(d) Cash and cash
equivalents |
|
|
125.199 |
|
(e) Short-term loans and
advances |
|
|
4.046 |
|
(f) Other current assets |
|
|
5.019 |
|
Total Current Assets |
|
|
492.404 |
|
|
|
|
|
|
TOTAL |
|
|
948.949 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
143.312 |
143.312 |
|
|
2] Share Application Money |
|
0.002 |
0.002 |
|
|
3] Reserves & Surplus |
|
196.599 |
135.100 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
339.913 |
278.414 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
80.782 |
38.718 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
80.782 |
38.718 |
|
|
DEFERRED TAX LIABILITIES |
|
16.072 |
15.142 |
|
|
|
|
|
|
|
|
TOTAL |
|
436.767 |
332.274 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
146.004 |
148.785 |
|
|
Capital work-in-progress |
|
0.107 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
167.245
|
96.471
|
|
|
Sundry Debtors |
|
61.733
|
53.465
|
|
|
Cash & Bank Balances |
|
105.090
|
41.786
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
104.984
|
69.482
|
|
Total
Current Assets |
|
439.052
|
261.204
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
53.893
|
22.854
|
|
|
Other Current Liabilities |
|
10.774
|
2.264
|
|
|
Provisions |
|
83.729
|
52.597
|
|
Total
Current Liabilities |
|
148.396
|
77.715
|
|
|
Net Current Assets |
|
290.656
|
183.489
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
436.767 |
332.274 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1274.556 |
737.948 |
320.529 |
|
|
|
Other Income |
14.357 |
11.379 |
8.599 |
|
|
|
TOTAL (A) |
1288.913 |
749.327 |
329.128 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
864.371 |
-- |
-- |
|
|
|
Consumption materials changes inventories |
|
510.754 |
221.443 |
|
|
|
Manufacturing service costs |
-- |
4.095 |
4.092 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(27.776) |
-- |
-- |
|
|
|
Employee benefit expense |
44.999 |
26.116 |
20.848 |
|
|
|
Other expenses |
121.741 |
-- |
-- |
|
|
|
Administrative selling other expenses |
-- |
83.830 |
53.311 |
|
|
|
TOTAL (B) |
1003.335 |
624.795 |
299.694 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
285.578 |
124.532 |
29.434 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
9.444 |
1.915 |
1.057 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
276.134 |
122.617 |
28.377 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.646 |
17.978 |
7.466 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
261.488 |
104.639 |
20.911 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
84.300 |
26.260 |
0.494 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
177.188 |
78.379 |
20.417 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
163.472 |
106.365 |
99.693 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
340.660 |
163.472 |
106.365 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
13.583 |
163.472 |
106.365 |
|
|
TOTAL EARNINGS |
13.583 |
163.472 |
106.365 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
288.571 |
154.113 |
89.811 |
|
|
|
Stores & Spares |
5.988 |
12.155 |
0.879 |
|
|
|
Capital Goods |
45.554 |
0.000 |
0.000 |
|
|
|
Fish Feed |
0.000 |
0.762 |
0.719 |
|
|
TOTAL IMPORTS |
340.113 |
166.268 |
91.409 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.36 |
5.74 |
1.43 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
13.75
|
10.46
|
6.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
20.52
|
14.18
|
6.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
27.68
|
17.89 |
5.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54
|
0.31
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30
|
0.24
|
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37
|
2.96
|
3.36 |
LOCAL AGENCY FURTHER INFORMATION
ss
|
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 |
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 |
PERFORMANCE
During the year, the company has achieved a sales volume of 24,990 tonnes as against a sales volume of 17,327.595 tonnes for the year 2010-2011. The Company’s turnover was Rs.1319.926 Millions during the year (before volume discount) which was a quantum leap from the turnover of Rs.737.948 Millions (before volume discount) during the previous year.
In view of the improved market conditions, the company has earned a profit of Rs.177.188 Millions for the year ended 31.03.2012 as against a Net profit of Rs. 78.379 Millions for the year 2010 2011.
FUTURE OUTLOOK
The Company’s investment in additional two lines of production will augment the overall production capacity thereby bolstering the revenues in the ensuing years.
Further, the Company has already constructed twelve tanks for seed production at its Hatchery Division. We hope that this will further enhance the turnover and profitability of the company.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90285540 |
19/07/2012 * |
272,000,000.00 |
STATE BANK OF TRAVANCORE |
COMMERCIAL BRANCH, 556, ANNA SALAI, TEYNAMPET, CHENNAI, TAMILNADU - 600018, INDIA |
B56766298 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
v
v Building
v Computer and Accessories
v Electrical Equipments
v Electrical Fitting
v Furniture and Fitting
v Furniture and Fixture
v Lab Equipments
v Office Equipments
v Plant and Machinery
v Telephone Equipments
v Test Equipments
v Vehicles
Intangible Assets
v Trade Mark and Patents
v 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.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.