1. Summary Information
|
|
|
Country |
|
|
Company Name |
JAPFA COMFEED
INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Yong Nang Tan |
|
Status |
Moderate |
Principal Name 2 |
Mr. Wahjudi Gunawan |
|
|
|
Registration # |
55-073947 |
|
Street Address |
Chamber No.2, 306, Corporate Towers, 85/A, Zamrudpur,
Greater Kailash – I, New Delhi – 110048 |
||
|
Established Date |
17.11.1995 |
SIC Code |
-- |
|
Telephone# |
91-11-29231090 |
Business Style 1 |
Owning |
|
Fax # |
Not Available |
Business Style 2 |
Hiring |
|
Homepage |
Product Name 1 |
Poultry Farms |
|
|
# of employees |
500 (Approximately) |
Product Name 2 |
Hatcheries |
|
Paid up capital |
Rs. 2,087,907,630/- |
Product Name 3 |
Poultry Feed Mills |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Axis Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(34) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate Holding Company |
-- |
Japfa
Holdings Pte. Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
303,434,000 |
Current Liabilities |
407,253,000 |
|
Inventories |
484,929,000 |
Long-term Liabilities |
24,295,000 |
|
Fixed Assets |
699,797,000 |
Other Liabilities |
50,670,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
482,218,000 |
|
Invest& other Assets |
46,591,000 |
Retained Earnings |
(1,035,375,000) |
|
|
|
Net Worth |
1,052,533,000 |
|
Total Assets |
1,534,751,000 |
Total Liab. &
Equity |
1,534,751,000 |
|
Total Assets (Previous Year) |
1,460,403,000 |
|
|
|
P/L Statement as of |
31.12.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
4,758,529,000 |
Net Profit |
8,709,000 |
|
Sales(Previous yr) |
4,062,149,000 |
Net Profit/
[Loss] (Prev.yr) |
(279,737,000) |
MIRA
INFORM REPORT
|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
JAPFA COMFEED INDIA PRIVATE LIMITED (w.e.f.15.10.2010) |
|
|
|
|
Formerly Known
As : |
JAPFA COMFEED INDIA LIMITED JAPFA OBEROI AGRO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Chamber No.2, 306, Corporate Towers, 85/A, Zamrudpur,
Greater Kailash – I, New Delhi – 110048 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2013 |
|
|
|
|
Date of
Incorporation : |
17.11.1995 |
|
|
|
|
Com. Reg. No.: |
55-073947 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2087.908 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01222DL1995PTC073947 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEJ04694E / DELJ02388B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ1855B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in
the Business of Owning, Running, Hiring, Entering into Lease and License,
Designing, Commissioning and Operating Poultry Farms, Hatcheries, Poultry
Feed Mills and Export of Corn. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “JAPFA INDIA INVESTMENTS PTE. LIMITED”. It
is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and continuous accumulated loss incurred by the company over a
year. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation
arrested Manumeethi Cholan
after he accepted Rs 10 lakhs
as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of Investigation
books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has
chosen India to pilot its e-commerce business model for the Asia-Pacific
region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real
estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had willfully defaulted on Rs 7700 mn of loans and sought more time to comply with the
requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to sack another 300 employees. The
lay-offs follow a spate of senior-level exits over the past two years, starting
with of its founder. The overall lay-offs could number around 600 and are
driven by the need to cut costs, says a former employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
September 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based = A3+ |
|
Rating Explanation |
Moderate degree of safety and very high
credit risk. |
|
Date |
September 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
31-03-2014.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Amiya Nath |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-9332121332 |
|
Date : |
18.09.2014 |
LOCATIONS
|
Registered Office : |
Chamber No.2, 306, Corporate Towers, 85/A, Zamrudpur,
Greater Kailash – I, New Delhi – 110048, India |
|
Tel. No.: |
91-11-29231090 |
|
Mobile No.: |
91-9332121332 [Mr. Amiya Nath] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
No. 91, Sakure Nagar,
Viman Nagar, Pune – 411014, Maharashtra, India |
|
Tel. No.: |
91-20-30537800-810 |
|
Fax No.: |
91-20-30537888/ 26059123/ 30537903 |
|
E-Mail : |
DIRECTORS
AS ON 20.03.2014
|
Name : |
Mr. Yong Nang Tan |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
8 Jalan
Haji Alias, Corona Court, Singapore – 268610 |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.04.1961 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.2014 |
|||||||||||||||||||||||||||
|
DIN No.: |
02575520 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Wahjudi Gunawan |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
11 G Mt Sinai Lane
No.4-32, Singapore – 277056 |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.02.1967 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
08.05.2003 |
|||||||||||||||||||||||||||
|
DIN No.: |
00209093 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Prasad Chittaranjan Wagh |
|||||||||||||||||||||||||||
|
Designation : |
Managing director |
|||||||||||||||||||||||||||
|
Address : |
Flat E-304, 3rd Floor, Rohan Garima Cooperative Housing Society, Near Shivaji Housing Society, S.B. Road, Shivajinagar,
Pune – 411016, Maharashtra,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.05.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
12.08.2014 |
|||||||||||||||||||||||||||
|
DIN No.: |
06653678 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Amiya Nath |
|
Designation : |
Sales Manager |
|
|
|
|
Name : |
Mrs. Prabha Vadlamannati |
|
Designation : |
Secretary |
|
Address : |
1A, Subroto
Marg, Old Golibar Maidan, Pune – 411040, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1966 |
|
Date of Appointment : |
24.08.2009 |
|
PAN No.: |
ADEPV5629H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.03.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Japfa Pte. Limited,
(formerly known as Japfa Holdings Pte. Limited) |
37125484 |
17.78 |
|
Japfa India Investments Pte.
Limited |
171665279 |
82.22 |
|
|
|
|
|
Total |
208790763 |
100.00 |
AS ON 26.03.2014
|
Names of Allottees |
|
No. of Shares |
|
Japfa India Investments Pte.
Limited |
|
12120000 |
|
|
|
|
|
Total |
|
12120000 |
AS ON 16.06.2014
|
Names of Allottees |
|
No. of Shares |
|
Japfa India Investments Pte.
Limited |
|
11734000 |
|
|
|
|
|
Total |
|
11734000 |
AS ON 20.03.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in
the Business of Owning, Running, Hiring, Entering into Lease and License,
Designing, Commissioning and Operating Poultry Farms, Hatcheries, Poultry
Feed Mills and Export of Corn. |
|
|
|
|
Exports : |
|
|
Products : |
Commodity |
|
Countries : |
· Indonesia |
|
|
|
|
Imports : |
|
|
Products : |
Animal Healthcare Products |
|
Countries : |
· USA Europe |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited Landmarkrace Cource Circle, Baroda - 390015, Gujarat, Baroda · Axis Bank Limited Trishul 3rd Floor Opposite Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Suresh Surana and Associates LLP Chartered Accountants |
|
Address : |
310, Ahura Centre, 82, Mahakali Caves Road, Andheri
[East], Mumbai – 400093, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACLFS1562L |
|
|
|
|
Ultimate Holding
Company : |
Japfa Holdings Pte. Limited (Formerly known as Malvolia
Pte. Limited) |
|
|
|
|
Holding Company : |
· Japfa India Investments Pte. Limited (Formerly known as Malvolia India Investments Pte. Limited, Singapore (From 26 March 2012) Japfa Comfeed International Pte.
Limited, Singapore (Upto 25 March 2012) |
|
|
|
|
Associate Company : |
Central India Poultry Breeders Private Limited (From 20
December 2013) [U01222PN2003PTC017812] |
|
|
|
|
Fellow Subsidiary : |
· Annona Pte. Limited PT Japfa Comfeed
Indonesia TBK Japfa India
Investment Pte. Limited, Singapore (Formerly known
as Malvolia India Investments Pte.
Limited) (Up to 25 March 2012) Japfa Comfeed International Pte.
Limited, Singapore (From 26 March 2012) |
|
|
|
|
Enterprise under
common control : |
PT So Good Food |
CAPITAL STRUCTURE
AFTER 20.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
245,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2450.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
232,644,763 |
Equity Shares |
Rs. 10/- each |
Rs. 2326.448 Millions |
|
|
|
|
|
AS ON 31.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
220,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
208,790,763 |
Equity Shares |
Rs. 10/- each |
Rs. 2087.908 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2013 |
31.12.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2087.908 |
1765.793 |
|
(b) Reserves & Surplus |
|
(1035.375) |
(1044.084) |
|
(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) |
|
1052.533 |
721.709 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.235 |
21.190 |
|
(b) Deferred tax liabilities (Net) |
|
44.385 |
39.335 |
|
(c) Other long term liabilities |
|
3.128 |
3.352 |
|
(d) long-term provisions |
|
5.030 |
3.654 |
|
Total Non-current Liabilities (3) |
|
53.778 |
67.531 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
23.060 |
227.905 |
|
(b) Trade payables |
|
361.487 |
408.196 |
|
(c) Other current
liabilities |
|
42.638 |
33.790 |
|
(d) Short-term provisions |
|
1.255 |
1.272 |
|
Total Current Liabilities (4) |
|
428.440 |
671.163 |
|
|
|
|
|
|
TOTAL |
|
1534.751 |
1460.403 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
682.456 |
637.146 |
|
(ii) Intangible Assets |
|
17.341 |
23.347 |
|
(iii) Capital
work-in-progress |
|
14.721 |
73.735 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
31.870 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
77.590 |
28.942 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
823.978 |
763.170 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
484.929 |
535.802 |
|
(c) Trade receivables |
|
46.618 |
45.499 |
|
(d) Cash and cash
equivalents |
|
158.581 |
82.269 |
|
(e) Short-term loans and
advances |
|
19.740 |
25.192 |
|
(f) Other current assets |
|
0.905 |
8.471 |
|
Total Current Assets |
|
710.773 |
697.233 |
|
|
|
|
|
|
TOTAL |
|
1534.751 |
1460.403 |
|
SOURCES OF FUNDS |
|
|
31.12.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1346.650 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
(749.347) |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
597.303 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
305.974 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
305.974 |
|
|
DEFERRED TAX LIABILITIES |
|
|
24.976 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
928.253 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
589.128 |
|
|
Capital work-in-progress |
|
|
50.611 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
390.008
|
|
|
Sundry Debtors |
|
|
52.570
|
|
|
Cash & Bank Balances |
|
|
56.370
|
|
|
Other Current Assets |
|
|
1.364
|
|
|
Loans & Advances |
|
|
73.574
|
|
Total
Current Assets |
|
|
573.886
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
250.739
|
|
|
Other Current Liabilities |
|
|
26.535
|
|
|
Provisions |
|
|
8.098
|
|
Total
Current Liabilities |
|
|
285.372
|
|
|
Net Current Assets |
|
|
288.514
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
928.253 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue |
4758.529 |
4062.149 |
3468.577 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
67.207 |
(235.616) |
(204.004) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
53.448 |
44.339 |
48.943 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
13.759 |
(279.955) |
(252.947) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.050 |
14.782 |
162.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
8.709 |
(294.737) |
(415.154) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
75.102 |
115.749 |
190.211 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
164.594 |
133.975 |
113.339 |
|
|
|
Consumables, Stores and Spares |
13.589 |
6.428 |
4.777 |
|
|
|
Fixed Assets including CWIP |
24.561 |
26.516 |
37.452 |
|
|
TOTAL IMPORTS |
202.744 |
166.919 |
155.568 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.04 |
(1.67) |
(3.08) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2013 |
31.12.2012 |
31.12.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.29
|
6.89 |
7.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.92
|
20.19 |
21.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.39 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.02
|
0.35 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66
|
1.04 |
2.01 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
1765.793 |
2087.908 |
|
Reserves & Surplus |
(1044.084) |
(1035.375) |
|
Net
worth |
721.709 |
1052.533 |
|
|
|
|
|
Long-term borrowings |
21.190 |
1.235 |
|
Short term borrowings |
227.905 |
23.060 |
|
Total
borrowings |
249.095 |
24.295 |
|
Debt/Equity ratio |
0.345 |
0.023 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
3468.577 |
4062.149 |
4758.529 |
|
|
|
17.113 |
17.143 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.12.2011 |
31.12.2012 |
31.12.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
3468.577 |
4062.149 |
4758.529 |
|
Profit/ (Loss) |
(415.154) |
(294.737) |
8.709 |
|
|
(11.97%) |
(7.26%) |
0.18% |
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 |
Yes |
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10234945 |
11/12/2012 * |
80,000,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B65355273 |
|
2 |
80055809 |
11/12/2012 * |
90,000,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B65353005 |
|
3 |
80002487 |
11/12/2012 * |
206,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B64823479 |
* Date of charge modification
CORPORATE INFORMATION
Subject is a private limited company domiciled in India and
is incorporated under the provisions of the Companies Act, 1956. The Company is
engaged in the business of owning, running, hiring, entering into lease and
license, designing, commissioning and operating poultry farms, hatcheries,
poultry feed mills and export of corn.
FIXED ASSETS:
· Land
Buildings
Office
building
Plant
and equipment
Factory
equipments
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Computer
equipments
Other
equipments
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. 60.81 |
|
|
1 |
Rs. 100.06 |
|
Euro |
1 |
Rs. 78.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.