MIRA INFORM REPORT
|
Report No. : |
329129 |
|
Report Date : |
25.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAHYCO MONSANTO BIOTECH (INDIA) PRIVATE LIMITED (w.e.f. 24.03.2015) |
|
|
|
|
Formerly Known
As : |
MAHYCO MONSANTO BIOTECH (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Ahura Centre, 96 Mahakali Caves Road, Andheri
(East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-28246450 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
23.10.1997 |
|
|
|
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Com. Reg. No.: |
11-111505 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.238.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100MH1997PTC111505 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM12056C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM0176B |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Subject is engaged in the business of promoting, marketing and sublicensing Trait Technology. |
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|
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject is a joint venture between “Monsanto Holdings Private Limited”
and Maharashtra Hybrid Seeds Company Limited”. It is an established company
having fine track. The company possesses a relatively healthy financial profile marked by
decent networth base and comfortable liquidity characterized by zero
leverage. Management has reported a decent sales volume as well as net
profitability during FY14. However, trade relations are fair. Business is active. Payment terms
are reported as regular and as per commitments. In view of strong support from its promoters, the subject can be
considered for business dealings at usual trade terms and conditions. Note : The subject was established as a LIMITED COMPANY in the year 23.10.1997
with the name of “MAHYCO MONSANTO BIOTECH (INDIA) LIMITED” but later it got
converted into PRIVATE LIMITED on 24.03.2015 with the name of “MAHYCO
MONSANTO BIOTECH (INDIA) PRIVATE LIMITED”. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2013.
INFORMATION DENIED
Management non cooperative (91-22-28246450)
LOCATIONS
|
Registered Office : |
5th Floor, Ahura Centre, 96 Mahakali Caves Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28246450 |
|
Fax No.: |
91-22-28244707 |
|
E-Mail : |
DIRECTORS
As on 11.08.2014
|
Name : |
Mr. Badrinarayan Ramulal Barwale |
|
Designation : |
Director |
|
Address : |
72-B, Urvashi, Petit Hall, |
|
Date of Birth/Age : |
13.08.1931 |
|
Qualification : |
Doctorate |
|
Date of Appointment : |
23.10.1997 |
|
DIN No.: |
00001479 |
|
|
|
|
Name : |
Mr. Rajendra Badrinarayan Barwale |
|
Designation : |
Director |
|
Address : |
72-B, Urvashi, Petit Hall, |
|
Date of Birth/Age : |
12.12.1955 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
23.10.1997 |
|
DIN No.: |
00001678 |
|
|
|
|
|
Mr. Shyam Sunder Gopilal Agrawal |
|
Designation : |
Director |
|
Address : |
62, Jolly Maker Apartment No. II, Opp. World Trade Centre, Cuffe Parade,
Mumbai – 400 005, |
|
Date of Birth/Age : |
02.12.1947 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
23.10.1997 |
|
DIN No.: |
00001949 |
|
|
|
|
Name : |
Mr. Duraiswami Narain |
|
Designation : |
Director |
|
Address : |
Quantum Park, A-Wing, 8th Floor, Flat 803-4, Union Park,
Khar (West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
29.04.1963 |
|
Qualification : |
B.com, CA, MBA (USA) |
|
Date of Appointment : |
16.11.2010 |
|
DIN No.: |
03310642 |
|
|
|
|
Name : |
Mr. Abdul Alim Rajabali Sayed |
|
Designation : |
Director Appointed in Casual Vacancy |
|
Address : |
B-71, Iris Park, Patel Estate Road, Jogeshwari (West), Mumbai-400102,
Maharashtra, India |
|
Date of Birth/Age : |
25.08.1972 |
|
Qualification : |
Chartered Accountant, ICWA |
|
Date of Appointment : |
21.05.2013 |
|
DIN No.: |
01976457 |
|
|
|
|
Name : |
Mr. Shirish Rajehdra Barwale |
|
Designation : |
Additional Director |
|
Address : |
72-B, Urvashi, Petit Hall, Nepeansea Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
24.02.1982 |
|
Date of Appointment : |
23.10.2013 |
|
DIN No.: |
00152584 |
|
|
|
|
Name : |
Shilpa Shridhar Divekar |
|
Designation : |
Alternate Director |
|
Address : |
R: 1501, F: 15W, P: 845.848, Raheja Princess, Agar Bazar, Raobahadur,
Sk Bole Road, Dadar (West), Mumbai – 400028, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1973 |
|
Date of Appointment : |
25.07.2013 |
|
DIN No.: |
06619353 |
|
|
|
|
Name : |
Mr. Jagresh Kumar Kanwal Rana |
|
Designation : |
Additional Director |
|
Address : |
16 Beverly Drive, Saint Louis, Missouri, NA, United States of America |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
02516698 |
|
|
|
|
Name : |
Mr. Ravishankar Cherukuri |
|
Designation : |
Additional Director |
|
Address : |
Flat No.B-1204, Jalvaru Vihar, Sector-A Chs, Powai, Mumbai-400076, Maharashtra, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
06755061 |
|
|
|
|
Name : |
Mr. Satyender Singh |
|
Designation : |
Additional Director |
|
Address : |
2306 Building 6A , Sapphire Heights, Lokhandwala Township , Kandivali East, Mumbai-400101, Maharashtra, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
07069668 |
KEY EXECUTIVES
|
Name : |
Mr. Suny P Joseph |
|
Designation : |
Company Secretary |
|
Address : |
5th Floor, 96, Mahakali Caves Road, Andheri (East),
Mumbai-400093, Maharashtra, India |
|
Date of Birth : |
11.05.1968 |
|
Date of Appointment : |
19.01.2011 |
|
Pan No.: |
AAYPJ8409N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.08.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Maharashtra Hybrid Seeds Company Limited, India |
|
11899952 |
|
Monsanto Holdings Private Limited, India |
|
11899952 |
|
Barwale Ramulal Badrinarayan |
|
16 |
|
Barwale Badrinarayan Rajendra |
|
16 |
|
Agrawal Gopilal ShyamSunder |
|
16 |
|
Pant Dhiraj |
|
32 |
|
Sayed Rajabali Abdul Alim |
|
16 |
|
|
|
|
|
Names of Shareholders
[Class B Equity Shares] |
|
|
|
Maharashtra Hybrid Seeds Company Limited, India |
|
25,575 |
|
|
|
|
|
Names of Shareholders
[Class C Equity Shares] |
|
|
|
Monsanto Holdings Private Limited, India |
|
25,575 |
|
Total |
|
23,851,150 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Monsanto Holdings Private Limited, India |
|
1 |
Equity Share Break up (Percentage of Total Equity)
As on 11.08.2014
|
Category |
Percentage |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20329129_MIRA%2025-Jun-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of promoting, marketing and sublicensing Trait Technology. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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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Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
12 Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
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Fax No.: |
91-22-66679025 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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Fellow Subsidiary
company : |
· Monsanto India Limited |
|
|
|
|
Joint Venture: |
· Monsanto Holdings Private Limited · Maharashtra Hybrid Seeds Company Limited |
CAPITAL STRUCTURE
As on 11.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24,060,000 |
Equity Shares |
Rs.10/- each |
Rs.240.600 Million |
|
10 |
Preference Shares |
Rs.10/- each |
Rs. 0.001 Million |
|
|
Total |
|
Rs.240.601
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,851,150 |
Equity Shares |
Rs.10/- each |
Rs.
238.511Million |
|
|
|
|
|
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 |
238.600 |
238.000 |
240.000 |
|
(b) Reserves & Surplus |
2419.300 |
2050.000 |
954.200 |
|
(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) |
2657.900 |
2288.000 |
1194.200 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.200 |
2.000 |
20.400 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
3.200 |
2.000 |
20.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
47.400 |
64.400 |
39.100 |
|
(c) Other
current liabilities |
124.300 |
22.600 |
66.200 |
|
(d) Short-term
provisions |
1.600 |
0.000 |
284.800 |
|
Total Current
Liabilities (4) |
173.300 |
87.000 |
390.100 |
|
|
|
|
|
|
TOTAL |
2834.400 |
2377.000 |
1604.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.200 |
0.000 |
0.200 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
6.400 |
5.900 |
0.000 |
|
(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) |
52.500 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
158.400 |
158.100 |
188.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
217.500 |
164.000 |
188.200 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1452.000 |
1074.100 |
839.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
933.100 |
904.900 |
396.900 |
|
(d) Cash
and cash equivalents |
35.200 |
29.100 |
143.000 |
|
(e)
Short-term loans and advances |
196.600 |
204.900 |
37.500 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.100 |
|
Total
Current Assets |
2616.900 |
2213.000 |
1416.500 |
|
|
|
|
|
|
TOTAL |
2834.400 |
2377.000 |
1604.700 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6405.300 |
5728.400 |
6321.900 |
|
|
|
Other Income |
75.900 |
146.000 |
94.500 |
|
|
|
TOTAL (A) |
6481.200 |
5874.400 |
6416.400 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
109.200 |
92.800 |
103.100 |
|
|
|
Other expenses |
1669.400 |
1158.800 |
1815.600 |
|
|
|
TOTAL (B) |
1778.600 |
1251.600 |
1918.700 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4702.600 |
4622.800 |
4497.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.900 |
0.200 |
1.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4700.700 |
4622.600 |
4496.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.100 |
0.000 |
0.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4700.600 |
4622.600 |
4496.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1576.300 |
1583.000 |
1438.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3124.300 |
3039.600 |
3058.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1046.900 |
47.100 |
42.400 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
312.400 |
304.000 |
305.800 |
|
|
|
Dividend (Interim and Final) |
2388.600 |
1493.500 |
2364.000 |
|
|
|
Dividend distribution tax |
405.900 |
242.300 |
383.500 |
|
|
BALANCE CARRIED
TO THE B/S |
1064.300 |
1046.900 |
47.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
131.10 |
127.64 |
127.42 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
48.78 |
53.06 |
48.37 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
73.42 |
80.70 |
71.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
169.36 |
194.96 |
280.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.77 |
2.02 |
3.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
15.10 |
25.44 |
3.63 |
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 |
240.000 |
238.000 |
238.600 |
|
Reserves & Surplus |
954.200 |
2050.000 |
2419.300 |
|
Net
worth |
1194.200 |
2288.000 |
2657.900 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20329129_MIRA%2025-Jun-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
6321.900 |
5728.400 |
6405.300 |
|
|
|
(9.388) |
11.817 |
%20PRIVATE%20LIMITED%20-%20329129_MIRA%2025-Jun-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
6321.900 |
5728.400 |
6405.300 |
|
Profit |
3058.000 |
3039.600 |
3124.300 |
|
|
48.37% |
53.06% |
48.78% |
%20PRIVATE%20LIMITED%20-%20329129_MIRA%2025-Jun-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
|
LITIGATION DETAILS |
|||||
|
Bench:- Bombay |
|||||
|
Presentation
Date:- 20/09/2014 |
|||||
|
Lodging No. : |
STRL/42/2014 |
Failing Date:- |
20/09/2014 |
Reg. No.:- |
STR/52/2014 |
|
Reg. Date:- |
18/11/2014 |
|
|
|
|
|
Petitioner:- |
THE ADDITIONAL COMMSSIONER OF SALLES |
Respondent:- |
M/S MAHYCO MONSANTO BIOTECH (INDIA) LIMITED |
||
|
Petn.Adv:- |
MDP AND PARTNER (I3989) |
Resp Adv.:- |
CHANDRAKANT BHAISHANKAR THAKAR (I5761) |
||
|
District:- |
OUTSIDE MAHARSHTA
|
||||
|
Bench:- |
Division |
Category:- |
SALES TAX REFERENCES |
||
|
Status:- |
Pre-Admission |
Stage:- |
--- |
||
|
Act. : |
Sales Tax Act 1979 |
||||
INDEX
OF CHARGES NO CHARGES EXIST FOR COMPANY
OPERATIONS
During the year under review, the Company earned Rs.6405.300 Million as Technology and sub-license fee (Rs. 5728.400 Million in the previous year). The company continues to focus on promoting and sustaining Bollgard II cotton trait technology in view of its better insect resistance management. The company works with farmers and sublicensees to improve cotton productivity by advocating better agronomic practices and solutions at the field level. The combination of better technology and the service at the field has helped farmers to improve overall yield levels in their fields.
Various stakeholders including textile industry & farmers continue to acknowledge the role of BT cotton technologies (Bollgard® & Bollgard II®) in enhancing the cotton production and productivity in the country. Many farmer associations and scientific community have also acknowledged the role of the technology in contributing to positive socio economic benefits to the farmers
FIXED ASSETS
- Plant and equipment
- Office equipment
- Computer equipments
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.63.66 |
|
|
1 |
Rs.100.50 |
|
Euro |
1 |
Rs.71.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
60 |
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.