MIRA INFORM REPORT
|
Report No. : |
315758 |
|
Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
CPF (INDIA) PRIVATE LIMITED |
|
|
|
|
Formerly known
as : |
CHAROEN POKPHAND (INDIA) PRIVATE LIMITED |
|
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|
|
Registered
Office : |
No. 40, 2nd Street, 1st Floor, F2, Sparton Nagar,
Mogappair (East), Chennai - 600037, Tamilnadu |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.06.1997 |
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Com. Reg. No.: |
038419 |
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Capital
Investment / Paid-up Capital : |
Rs. 1558.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01211TN1997PTC038419 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACC4209Q |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the manufacture of poultry feeds, aqua feeds, aquatic health care products, producing broilers and broiler allied products and ready-to-eat chicken products. |
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|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 12540000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a part of The Charoen Pokphand Group. It is an established company having fine track. The company has incurred a loss from its operation during 2014.
External Borrowings of the company also seems to be increasing as compared to
previous year. However, the rating takes into consideration the strong market
position of company in the shrimp feed segment in India and the dominant
market position of the parent company, Charoen Pokphand Foods Public Company
Limited in the global aqua feed manufacturing and poultry business. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitments. The company can be considered normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based facilities : A- |
|
Rating Explanation |
Have adequate degree of safety and carry moderate credit risk. |
|
Date |
March, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based facilities : A2+ |
|
Rating Explanation |
Have strong degree of safety and carry lowest credit risk. |
|
Date |
March, 2014 |
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 DENIED BY
|
Name : |
Ms. Srividya |
|
Designation : |
Admin Executive |
|
Contact No.: |
91-44-26568406 |
|
Date : |
03.04.2015 |
LOCATIONS
|
Registered Office / Factory : |
No. 40, 2nd Street, 1st Floor, F2, Sparton
Nagar, Mogappair (East), Chennai - 600037, Tamilnadu, India |
|
Tel. No.: |
91-44-24470790, 24470897, 24472768, 24474166, 26568406 |
|
Fax No.: |
91-44-24472880 |
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E-Mail : |
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Website : |
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Branch : |
Located At :
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DIRECTORS
As on 30.09.2014
|
Name : |
Vitoon Kittimongkolsuk |
|
Designation : |
Director |
|
Address : |
F2 No.40, 2nd Street, Sparton Nagar, Mogappair (East),
Chennai - 600037, Tamilnadu, India |
|
Date of Birth/Age : |
03.12.1964 |
|
Date of Appointment : |
23.02.2004 |
|
DIN No.: |
00326042 |
|
|
|
|
Name : |
Preeda Chunwong |
|
Designation : |
Director |
|
Address : |
F2 No.40, 2nd Street, Sparton Nagar, Mogappair (East),
Chennai - 600037, Tamilnadu, India |
|
Date of Birth/Age : |
23.01.1963 |
|
Date of Appointment : |
03.05.2006 |
|
DIN No.: |
00898137 |
|
|
|
|
Name : |
Montri Suwanposri |
|
Designation : |
Director |
|
Address : |
69/57, Village No.6, Jomthong, Bankok, Thailand |
|
Date of Birth/Age : |
13.02.1962 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
02955771 |
|
|
|
|
Name : |
Adirek Sripratak |
|
Designation : |
Director |
|
Address : |
F2 No.40, 2nd Street, Sparton Nagar, Mogappair (East),
Chennai - 600037, Tamilnadu, India |
|
Date of Birth/Age : |
18.07.1946 |
|
Date of Appointment : |
23.02.2004 |
|
DIN No.: |
03129737 |
|
|
|
|
Name : |
Prasert Poongkumarn |
|
Designation : |
Director |
|
Address : |
F2 No.40, 2nd Street, Sparton Nagar, Mogappair (East),
Chennai - 600037, Tamilnadu, India |
|
Date of Birth/Age : |
12.03.1936 |
|
Date of Appointment : |
16.06.1997 |
|
DIN No.: |
03152058 |
KEY EXECUTIVES
|
Name : |
Ms. Srividya |
|
Designation : |
Admin Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
CPF Investment Limited, Thailand |
|
155829999 |
|
Adirek Sripratak |
|
1 |
|
|
|
|
|
Total |
|
155830000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
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 |
%20PRIVATE%20LIMITED%20-%20315758%2007-Apr-2015_files/image009.gif)
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the manufacture of poultry feeds, aqua feeds, aquatic health care products, producing broilers and broiler allied products and ready-to-eat chicken products. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
V D S R and Company Chartered Accountants |
|
Address : |
337 Karuna Complex Gf7, Sampige Road, Malleswaram, Bangalore – 560003, Karnataka, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFK0778M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Ultimate Holding
Company : |
Charoen Pokphand Foods Public Company Limited |
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Holding Company : |
CPF Investment Company Limited |
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Subsidiary Company
: |
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Associate Company : |
C.P. Aquaculture (India) Private Limited [U05001TN1994PTC029251] |
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Others Related
Party: |
Charoen Pokphand Group Company Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
155,830,000 |
Equity Shares |
Rs.10/- each |
Rs.1558.300 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
155,830,000 |
Equity Shares |
Rs.10/- each |
Rs.1558.300
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1558.300 |
1236.987 |
620.687 |
|
(b) Reserves & Surplus |
2830.455 |
2370.786 |
1060.243 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4388.755 |
3607.773 |
1680.930 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1764.861 |
1028.889 |
1553.333 |
|
(b) Deferred tax liabilities
(Net) |
222.341 |
130.143 |
98.638 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
72.767 |
58.026 |
43.193 |
|
Total
Non-current Liabilities (3) |
2059.969 |
1217.058 |
1695.164 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6962.400 |
5265.763 |
3377.057 |
|
(b) Trade payables |
2728.482 |
1273.141 |
731.898 |
|
(c) Other current liabilities |
1657.703 |
863.688 |
973.703 |
|
(d) Short-term provisions |
2.416 |
3.716 |
14.549 |
|
Total
Current Liabilities (4) |
11351.001 |
7406.308 |
5097.207 |
|
|
|
|
|
|
TOTAL |
17799.725 |
12231.139 |
8473.301 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4779.226 |
2873.920 |
2289.331 |
|
(ii) Intangible Assets |
0.401 |
0.770 |
1.138 |
|
(iii) Capital work-in-progress |
4735.432 |
2695.793 |
1527.967 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
193.653 |
253.946 |
184.691 |
|
(e) Other Non-current assets |
1.154 |
1.529 |
0.375 |
|
Total
Non-Current Assets |
9709.866 |
5825.958 |
4003.502 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5536.267 |
4426.652 |
3225.376 |
|
(c) Trade receivables |
679.331 |
114.409 |
57.311 |
|
(d) Cash and cash equivalents |
703.435 |
1019.233 |
760.755 |
|
(e) Short-term loans and
advances |
628.046 |
299.842 |
86.089 |
|
(f) Other current assets |
542.780 |
545.045 |
340.268 |
|
Total
Current Assets |
8089.859 |
6405.181 |
4469.799 |
|
|
|
|
|
|
TOTAL |
17799.725 |
12231.139 |
8473.301 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
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|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
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|
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|
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|
PROFIT/ (LOSS) BEFORE TAX |
(90.849) |
126.697 |
1062.618 |
|
|
|
|
|
|
|
Less |
TAX |
92.107 |
48.754 |
306.005 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(182.956) |
77.943 |
756.613 |
|
|
|
|
|
|
|
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EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
87.425 |
41.753 |
37.542 |
|
|
TOTAL EARNINGS |
87.425 |
41.753 |
37.542 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(1.17) |
0.63 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.70) |
1.33 |
15.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
0.04 |
0.63 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.99 |
1.74 |
2.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.71 |
0.86 |
0.88 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
620.687 |
1236.987 |
1558.300 |
|
Reserves & Surplus |
1060.243 |
2370.786 |
2830.455 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1680.930 |
3607.773 |
4388.755 |
|
|
|
|
|
|
long-term borrowings |
1553.333 |
1028.889 |
1764.861 |
|
Short term borrowings |
3377.057 |
5265.763 |
6962.400 |
|
Total borrowings |
4930.390 |
6294.652 |
8727.261 |
|
Debt/Equity ratio |
2.933 |
1.745 |
1.989 |
%20PRIVATE%20LIMITED%20-%20315758%2007-Apr-2015_files/image011.gif)
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Claims against the
Company, not acknowledged as Debt |
|
|
|
Entry Tax Authorities * |
3.130 |
3.130 |
|
Service Tax Department ** |
14.724 |
14.724 |
|
Bank guarantees |
Nil |
Nil |
|
Other Money for which the company is Contingently Liable |
Nil |
Nil |
|
* The above amount pertains to Entry Tax under dispute pending before the Andhra Pradesh High Court, of which Rs.1.565 Million had been paid under protest and grouped under Other Advances. ** This amount pertains to Service Tax on Royalty for the FY 2010-11 pending before the CESTAT, Bangalore, of which Rs.10.000 Million had been paid as Pre-Deposit and grouped under Security Deposits. |
||
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
4285.000 |
1138.363 |
|
|
|
|
|
Total |
4285.000 |
1138.363 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10463050 |
09/10/2013 |
500,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
B90681974 |
|
2 |
10456512 |
30/09/2013 |
900,000,000.00 |
YES BANK LIMITED |
NEHRU CENTRE,9TH FLOOR,DISCOVERY OF INDIA,, DR.A. |
B88132295 |
|
3 |
10380839 |
18/09/2012 |
500,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL |
B59797787 |
|
4 |
10343656 |
06/09/2012 * |
2,000,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B59013870 |
|
5 |
10344625 |
14/02/2012 |
400,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B35909019 |
|
6 |
10336560 |
31/05/2013 * |
1,450,000,000.00 |
ING VYSYA BANK LIMITED |
185, ANNA SALAI, NEAR TVS, CHENNAI, TAMIL NADU - |
B78286010 |
|
7 |
10321477 |
01/11/2011 |
300,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B27070358 |
|
8 |
10272073 |
14/02/2011 |
2,000,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B08225971 |
|
9 |
80033875 |
24/05/2007 * |
700,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A18509224 |
* Date of charge modification
CHANGE OF NAME
The name of the Company is changed as CPF (India) Private Limited (formerly Charoen Pokphand (India) Private Limited) along with the corporate logo in consonance with the Brand name of the Parent Company Charoen Pokphand Foods PCL. The new name was approved by the members of the Company in their Extra-ordinary General Meeting held on June 16, 2014 and a fresh certificate of incorporation dated June 18, 2014 has been issued by the Registrar of Companies consequent to the change of name.
CHANGE OF ADDRESS OF
REGISTERED OFFICE
The Registered Office of the Company has been shifted to F2, 1st Floor, No.40, 2nd Street, Sparton Nagar, Mogappiar East, Chennai- 600037 for administrative convenience which has been approved by the Board of Directors on August 20, 2014.
BUSINESS EXPANSION
During the year 2013-14, the Company has set a new mile stone in the Retail Foods Division by establishing more than hundred outlets and/ or restaurants to sell Ready-to-eat chicken products at various locations across South India under the brand name “Five Star Chicken”.
The construction of Feed mill at Pune, Maharashtra state is in the final phase and is expected to commence operations during the year 2014-15. Further, the Company has also acquired a Prawn Feed mill at Bhimavaram, Andhra Pradesh which commenced operations during June 2014.Further, the Company has expanded the existing projects by constructing Breeder farms at Pune in Maharashtra, Hyderabad in Andhra Pradesh and Vellore in Tamilnadu. The Company has also increased its operations in the broiler division by enhancing the capacity of the broiler farms especially in the northern and north-eastern parts of India. The Company has also plans to expand its operations by establishing more breeder farms and hatcheries and also enhancing the capacity of the broiler farms during the year 2014-15.
Though the current financial year has resulted in a loss, the Directors are hopeful that the Company will achieve high profit levels in the years to come through diversification, expansion and adoption of effective cost control measures.
COMPANY BACKGROUND:
CPF (India) Private Limited (formerly Charoen Pokphand (India) Private Limited) is a Company incorporated under the Companies Act, 1956 on 16th June 1997. Pursuant to the approval from the Registrar of Companies, Chennai, the Company has changed its name from Charoen Pokphand (India) Private Limited to CPF (India) Private Limited with effect from 18th June 2014.
The Company is engaged in the manufacture of poultry feeds, aqua feeds, aquatic health care products, producing broilers and broiler allied products and ready-to-eat chicken products. The Company utilizes an extensive infrastructure to manufacture feeds for its clients in India. Headquartered in Chennai, India, the Company has factories, hatcheries, farms and outlets for ready-to-eat chicken products located across India that enable it to produce/ cater high quality products for its clients.
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 records 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.62.16 |
|
|
1 |
Rs.92.73 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
54 |
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.