MIRA INFORM REPORT
|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
CARGILL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
111, Rectangle-I, Saket District Center, New Delhi - 110017 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.04.1996 |
|
|
|
|
Com. Reg. No.: |
55-118008 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.415.985 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15440DL1996PTC118008 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC3269J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Agricultural, Industrial and Food
Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 19860000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Cargill Mauritius Limited, Mauritius. It is
an established company having satisfactory track record. The company has taken huge external borrowing, which acts as
threatening to the liquidity position of the company. However, the rating reflects financial and managerial support that
company receives from its parent. Further company has able to recover its
operational losses during current financial year. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of strong holding support, 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year
before.A sharp fall in gold imports due to restrictions on overseas purchases
and muted import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based facilities AA+(So) |
|
Rating Explanation |
High degree of safety and very low credit
risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based facilities A1+ |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
October 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. Ajay Naik |
|
Designation : |
Account Manager |
|
Contact No.: |
91-124-4090489 |
|
Date : |
21.06.2014 |
LOCATIONS
|
Registered Office : |
111, Rectangle-I, Saket District Center, New Delhi – 110017, India |
|
Tel. No.: |
91-11-46010389 |
|
Fax No.: |
91-11-46010390 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
14th Floor, Building 9 A,
DLF Cyber City, Phase III Gurgaon – 122002, Haryana, India |
|
Tel. No.: |
91-124-2358939/
4090489 |
|
Fax No.: |
91-124-2358977/ 2358972/ 73 |
|
|
|
|
Regional Offices : |
Located
at: ·
Ghaziabad ·
Kolkata ·
Mumbai ·
Pune ·
Nagpur |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Siraj Azmat Chaudhry |
|
Designation : |
Director |
|
Address : |
S-12B, Windsor Court, DLF Phase IV, Gurgaon-122009, Haryana, India |
|
Date of Birth/Age : |
08.01.1967 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
00161853 |
|
|
|
|
Name : |
Mr. Viraraghavan Sankaran |
|
Designation : |
Director |
|
Address : |
519-A, Hamilton Court, DLF Phase IV, Gurgaon -122002, Haryana, India |
|
Date of Birth/Age : |
07.04.1964 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
00174728 |
|
|
|
|
Name : |
Mr. Srinivasa Rao Namburi |
|
Designation : |
Director |
|
Address : |
B-1102, Park Life, Sector-57, Gurgaon-122011, Haryana, India |
|
Date of Birth/Age : |
14.10.1975 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
03614838 |
|
|
|
|
Name : |
Mr. Parmeshwar Ravi |
|
Designation : |
Director |
|
Address : |
115, Hamilton Court, DLF Phase 4, Gurgaon 122002, Haryana, India |
|
Date of Birth/Age : |
12.02.1966 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05216282 |
|
|
|
|
Name : |
John Joseph |
|
Designation : |
Director |
|
Address : |
Flat No. 201, Hillscapes, Pashan-Baner Link Road, Pashan, Pune – 411021, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1966 |
|
Date of Appointment : |
22.10.2012 |
|
DIN No.: |
01520069 |
KEY EXECUTIVES
|
Name : |
Ms. Jyoti Arora |
|
Designation : |
Secretary |
|
Address : |
H.No.768/22, Street No. 2, Gandhi Nagar, Gurgaon-122 001, Haryana, India |
|
Date of Birth/Age : |
25.07.1981 |
|
Date of Appointment : |
21.10.2008 |
|
PAN No.: |
AIAPA1497K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Cargill Mauritius Limited, |
54480683 |
|
Cargill International Trading Pte. Limited, Singapore |
2 |
|
|
|
|
Total |
54480685 |
|
Names of Preference Shareholder |
No. of Shares |
|
Cargill Global Trading India Private Limited, |
1250000 |
|
Total |
1250000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Agricultural, Industrial and Food
Products. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
Licensed capacity
/ Installed Capacity *
|
Particulars |
Units |
Licensed
Capacity |
|
Edible oil refining |
MT per annum |
1140000 |
|
Aqua feed |
MT per annum |
36000 |
|
Emulsion and food flavors |
MT per annum |
2500 |
|
Others * * |
MT per annum |
190800 |
NOTE:
· *As certified by the management and not verified by the Auditor being a technical matter.
· **Represents installed capacity of distilled fatty acid (25500 MT), acid oil (13800 MT), hydro vasnaspati (150000 MT) and packing film extrusion (1500 MT).
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company Chartered Accountants |
|
Address : |
Building No. 10, 8th Floor, Tower – B, |
|
Tel. No. : |
91-124-2549191 |
|
Fax No. : |
91-124-2549101 |
|
PAN
No. : |
AAAFB9852F |
|
|
|
|
Holding company
: |
Cargill Mauritius Limited, Mauritius |
|
|
|
|
Ultimate holding
company : |
Cargill Incorporated, USA |
|
|
|
|
Fellow
subsidiaries : |
Ø Agribrands
Purina (Fushun) Feedmill Company Limited Ø Agribrands
Purina Guatemala Ø AWB Australia Ø AWB India
Private Limited Ø Black River
Advisors India Private Limited Ø CAN Technologies
Inc, US Ø Cargill
(Malaysia) SDN BHD Ø Cargill Agri
Purina Inc South Korea Ø Cargill Asia
Pacific Treasury Limited, Singapore Ø Cargill
Asia-Pacific Holdings Pte Limited, Singapore Ø Cargill
Australia Limited Ø Cargill BV,
Amsterdam Ø Cargill Capital
and Financial Ø Services India
Private Limited Ø Cargill Cotton
Limited Ø Cargill Enterprise
Inc, Russia Ø Cargill Europe
BVBA , Belgium Ø Cargill
Financial Services Corporation, USA Ø Cargill Flavours
System Limited, UK Ø Cargill Food
Ingredients LLC, US Ø Cargill France
S.A. Ø Cargill Gida
(Turkey) Ø Cargill Global
Trading India Private Limited Ø Cargill Global
Trading Solutions India Private Limited Ø Cargill Grain
and Oilseeds (Yangjiang) Limited Ø Cargill Holdings
B.V. Ø Cargill Holdings
Malaysia SDN BHD Ø Cargill
Incorporated, USA Ø Cargill
International Luxembourg Ø Cargill
International S A, Geneva Ø Cargill
International Trading Pte Limited, Singapore Ø Cargill
Investments (China) Limited. Ø Cargill Limited
- Cargill Limited Canada Ø Cargill Limited.
- Cairo Ø Cargill Malaysia
SDN BHD Ø Cargill
Nutriproducts Inc Ø Cargill Ocean Ø Transportation,
Singapore Ø Cargill Oil Packers
BVBA Ø Cargill Palm
Products SDN, BHD, Malaysia Ø Cargill
Philippines, Inc. Ø Cargill
President Holdings Pte Limited Ø Cargill Protein
Feed (Dongguan) Limited Ø Cargill RSA
Holdings Ø Cargill S.A. Ø
Cargill SAS, France Ø
Cargill Siam Limited, Ø
Cargill Siam Limited Ø
Cargill Tropical Palm Holdings Pte Limited Ø
Cargill TSF Asia Pte Limited, Singapore Ø
Cargill Vietnam Limited Ø
Carval India Private Limited Ø
Cerestar Deutschland Holding Ø
CFSI Ø
CFSIT Ø
Mosaic India Private Limited Ø
P.T Cargill Indonesia Ø
Poliamba Limited Ø
Provimi Animal Nutition India Private Limited |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
26000000 |
Preference Shares |
Rs.10/- each |
Rs.260.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1460.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
54480685 |
Equity Shares |
Rs.10/- each |
Rs.544.807 Millions |
|
1250000 |
Preference Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.557.307
Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120000000 |
Equity Shares |
Rs.10/- each |
Rs.1200.000 Millions |
|
26000000 |
Preference Shares |
Rs.10/- each |
Rs.260.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1460.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40348556 |
Equity Shares |
Rs.10/- each |
Rs.403.485 Millions |
|
1250000 |
Preference Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.415.985
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 |
415.985 |
415.985 |
410.459 |
|
(b) Reserves & Surplus |
1823.457 |
940.503 |
1511.905 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
2725.598 |
0.000 |
67.425 |
|
Total
Shareholders’ Funds (1) + (2) |
4965.040 |
1356.488 |
1989.789 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
543.000 |
102.170 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
196.620 |
184.103 |
180.451 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
739.620 |
286.273 |
180.451 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
11039.988 |
17298.062 |
18204.369 |
|
(b) Trade
payables |
8667.741 |
5692.454 |
3436.347 |
|
(c) Other
current liabilities |
2202.180 |
3014.087 |
2812.131 |
|
(d) Short-term
provisions |
188.725 |
204.085 |
92.517 |
|
Total Current
Liabilities (4) |
22098.634 |
26208.688 |
24545.364 |
|
|
|
|
|
|
TOTAL |
27803.294 |
27851.449 |
26715.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1975.914 |
1715.810 |
1704.924 |
|
(ii)
Intangible Assets |
812.410 |
711.726 |
800.542 |
|
(iii)
Capital work-in-progress |
153.411 |
148.247 |
119.773 |
|
(iv)
Intangible assets under development |
554.227 |
549.518 |
434.652 |
|
(b) Non-current Investments |
35.694 |
35.694 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1365.852 |
1133.455 |
688.945 |
|
(e) Other
Non-current assets |
1057.013 |
297.223 |
55.811 |
|
Total Non-Current
Assets |
5954.521 |
4591.673 |
3804.647 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
13014.056 |
15156.447 |
14091.460 |
|
(c) Trade
receivables |
2927.786 |
2598.580 |
4332.589 |
|
(d) Cash
and cash equivalents |
3957.473 |
1515.702 |
2708.404 |
|
(e)
Short-term loans and advances |
1269.104 |
3193.183 |
1249.507 |
|
(f) Other
current assets |
680.354 |
795.864 |
528.997 |
|
Total
Current Assets |
21848.773 |
23259.776 |
22910.957 |
|
|
|
|
|
|
TOTAL |
27803.294 |
27851.449 |
26715.604 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
97890.390 |
|
|
|
|
|
Other Income |
1682.660 |
|
|
|
|
|
TOTAL (A) |
99573.050 |
85687.700 |
66653.020 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
94937.490 |
84484.060 |
64734.390 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
4635.560 |
1203.640 |
1918.630 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1115.270 |
1492.850 |
863.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3520.290 |
(289.210) |
1054.910 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2502.970 |
337.790 |
254.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
1017.320 |
(627.000) |
800.830 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
134.360 |
6.300 |
142.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H) (I) |
882.960 |
(633.300) |
657.910 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(993.390) |
(360.090) |
(1018.000) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(110.430) |
(993.390) |
(360.090) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
21.22 |
(15.22) |
15.81 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.89
|
(0.74) |
0.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.04
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.76
|
(2.31) |
3.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
(0.46) |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.33
|
12.83 |
9.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.89 |
0.93 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
410.459 |
415.985 |
415.985 |
|
Reserves & Surplus |
1511.905 |
940.503 |
1823.457 |
|
Share Application money
pending allotment |
67.425 |
0.000 |
2725.598 |
|
Net
worth |
1922.364 |
1356.488 |
2239.442 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
102.170 |
543.000 |
|
Short term borrowings |
18204.369 |
17298.062 |
11039.988 |
|
Total
borrowings |
18204.369 |
17400.232 |
11582.988 |
|
Debt/Equity
ratio |
9.470 |
12.827 |
5.172 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
66653.020 |
85687.700 |
99573.050 |
|
|
|
28.558 |
16.205 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
66653.020 |
85687.700 |
99573.050 |
|
Profit |
657.910 |
(633.300) |
882.960 |
|
|
0.99% |
(0.74%) |
0.89% |
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 |
No |
|
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) |
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 |
NOTE:
The Registered office of the company has been shifted from 13, Abdul Fazal
Road, New Delhi – 110001, India to the present address w.e.f. 09.08.2007
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loan from bank |
500.000 |
2460.000 |
|
Foreign currency term loans from bank |
5175.375 |
12158.465 |
|
Loans repayable on demand from bank |
2314.474 |
247.424 |
|
Loans and dance from others |
3050.139 |
2432.173 |
|
|
|
|
|
Total |
11039.988 |
17298.062 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90262634 |
10/03/2005 |
550,000.00 |
H.D.F.C. BANK LTD. |
SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, Maharashtra - 400013,
INDIA |
- |
|
2 |
90262618 |
24/02/2005 |
20,000,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
3 |
80041726 |
10/01/2005 |
400,000,000.00 |
UTI BANK LTD |
DLF GALLERIA SHOPPING, GURGOAN, - 122002, ALAND ISLANDS |
- |
|
4 |
90262418 |
09/02/2004 |
4,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
5 |
90262212 |
18/04/2005 * |
11,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD S.I.B. BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
6 |
90262207 |
20/10/2002 |
11,500,000.00 |
STATE BANK OF INDIA |
SAIFABAD BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
|
7 |
90261983 |
28/11/2000 |
2,276,000.00 |
AP INDUSTRIAL DEVELOPMENT CORPORATION |
5 - 9 - 58/B; FATEH MAIDAN ROAD, HYDERABAD, Andhra Pradesh - 500004,
INDIA |
- |
|
8 |
90261903 |
30/06/2001 * |
1,700,000.00 |
STATE BANK OF INDIA |
KHAIRTABAD BRANCH, HYDERABAD, Andhra Pradesh - 500004, INDIA |
- |
Date of charge modification
PERFORMANCE FOR THE YEAR
The company is pleased
to announce that it has achieved a turnover of Rs. 97890.390 millions (net of
excise duty) during the financial year 2011-12, showing a growth of 17% over
previous year. It has reported a net loss of Rs. 1017.320 millions (before tax)
during the current year.
FIXED ASSETS
· Land
· Building
· Plant machinery
· Office Equipments
· Computer Equipments
· Furniture fixtures
· Vehicles
· Leasehold improvements
· Knowhow
· Patents trademarks design
PRESS RELEASE
Cargill’s edible oil portfolio expands with acquisition of Leonardo
Olive Oil from Dalmias
Acquisition bolsters Cargill’s consumer brand portfolio and expands
market reach in India
10th February, 2014
Gurgaon: Cargill today announced the signing of an agreement with Dalmia Continental Private Limited (DCPL) to acquire its Leonardo Olive Oil business. Leonardo, the leading brand in the olive oil segment, is a pioneer in establishing the popularity and use of olive oil in India. Cargill has a strong presence in the olive oil segment worldwide, and this acquisition will create a unique opportunity for Cargill to participate and create value of this nascent and high-growth category in India. This acquisition helps Cargill consolidate its position in the premium oils segment.
Commenting on the acquisition Mr. Siraj Chaudhry, Chairman, Cargill India, said “We have a history of acquiring brands with very high pedigrees. Leonardo Olive Oil is an iconic and trusted name associated with purity, goodness and cooking healthy delicious food, since 2003. Olive oil is a rapidly growing segment gaining much popularity as a healthy cooking option. This acquisition represents a natural extension of Cargill Food’s India strategy in the premium consumer space by providing a diversified portfolio of products. We will build on its strong brand heritage, and consumers will benefit from Cargill's commitment to quality, food safety, innovation and value.”
Expressing his thoughts on the acquisition, Mr. VN Dalmia, Chairman, Dalmia Continental, said “Dalmia Continental drove the olive oil market in India to high rates of growth and made Leonardo the leading brand. We were determined to let our baby go only to a new parent that we were certain would foster it with the same care and attention that we did. There is an inflection point in the life of each product and Leonardo is at that point. It is poised to take the next leap forward to retain its leadership status and Cargill is the best new parent to promote that effort.”
Cargill also announced that, post the acquisition, Mr. VN Dalmia has consented to be associated with Cargill as an advisor for the Leonardo Olive Oil business.
The olive oil market in India has grown rapidly in the last decade from 1,000 tonnes in 2003 to 12,000 tonnes in 2013, according to the Indian Olive Association.
"Acquiring Leonardo underscores Cargill's long-term commitment to growing our consumer food business in India. It is an excellent fit with our existing strong brand portfolio through which we serve a significant consumer base across the country. Leonardo’s acquisition will give us the relevant access and entry to a premium brand in edible oils which has the potential to be horizontally integrated across other premium and related food categories.” said Mr. Aseem Soni, Director – Consumer Sales, Cargill Foods India.
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.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Information
Gathered by |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.