MIRA INFORM REPORT
|
Report No. : |
315238 |
|
Report Date : |
30.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED (w.e.f. 26.10.2010) |
|
|
|
|
Formerly Known
As : |
VJ EQUIPMENT PRIVATE LIMITED (w.e.f. 31.03.2009) VJ EQUIPMENT LIMITED SAAB POWERTECH PRIVATE LIMITED |
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Registered
Office : |
Venkateshwara House, Survey No. 114/A/2, Pune – Sinhagad Road, Pune –
411030, Maharashtra |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.03.1988 |
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Com. Reg. No.: |
11-020677 |
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Capital
Investment / Paid-up Capital : |
Rs. 7.499
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN1988PTC020677 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEV00039E |
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|
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PAN No.: [Permanent Account No.] |
AAACV7248J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Selling of Hatchers, Setters, Poultry
Equipments and Spares and also engaged in Poultry business and in
Entertainment activity. |
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|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Vekateshwara Hatcheries Private Limited”.
It is an established company having satisfactory track record. Company has incurred loss from its operational activities during 2014. However, the rating takes into consideration unconditional and
irrecoverable corporate guarantee provided by holding company and sound
liquidity profile of the company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. In view of strong holding company support, the company can be
considered for business dealings at usual trade terms and condition. |
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 |
CARE |
|
Rating |
Long term bank facilities: “A-” (SO) |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
08.01.2015 |
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
|
Name : |
Mr. Vikas K. Bhat |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9860730309 |
|
Date : |
28.03.2015 |
LOCATIONS
|
Registered/ Corporate Office : |
Venkateshwara House, Survey No. 114/A/2, Pune – |
|
Tel. No.: |
91-20-24251530-41/ 91-2114-255384/ 255366/ 4332530/ 4331453 |
|
Mobile No.: |
91-9860730309 (Mr. Vikas K. Bhat) |
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Fax No.: |
91-20-24251077/ 255043/ 4332287 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
Factory : |
Gat No. 88, Village Jambhul, Taluka Maval, District Pune – 412106,
Maharashtra, India |
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Tel. No.: |
91-2114-255042 / 255366 / 255384 / 286520 / 286522 |
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Fax No.: |
91-2114-255043 |
DIRECTORS
As on 09.09.2014
|
Name : |
Mrs. Anuradha Jitendra Desai |
|
Designation : |
Director |
|
Address : |
Venkatesh Farms, S. No. 95/1, NDA Road, Village Mauje Warje, Taluka
Haveli, Pune – 411029, Maharashtra, India
|
|
Date of Birth/Age : |
15.05.1962 |
|
Date of Appointment : |
14.03.1996 |
|
DIN No.: |
00012212 |
|
|
|
|
Name : |
Mr. Banda Venkatesh Banda Vasudev Rao |
|
Designation : |
Director |
|
Address : |
Venkatesh Farms, S. No. 95/1, |
|
Date of Birth/Age : |
31.12.1964 |
|
Date of Appointment : |
14.03.1996 |
|
DIN No.: |
00013614 |
|
|
|
|
Name : |
Mr. Jitendra Moreshwar Desai |
|
Designation : |
Director |
|
Address : |
Venkatesh Farms, S. No. 95/1, |
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Date of Birth/Age : |
27.04.1962 |
|
Date of Appointment : |
12.04.1993 |
|
DIN No.: |
00013533 |
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|
|
|
Name : |
Mr. Banda Balaji Banda Vasudev Rao |
|
Designation : |
Additional director |
|
Address : |
Venkatesh Farms, S. No. 95/1, NDA Road, Village Mauje Warje, Taluka
Haveli, Pune – 411029, Maharashtra, India
|
|
Date of Birth/Age : |
08.12.1972 |
|
Date of Appointment : |
28.10.2010 |
|
PAN No.: |
AARP9101C |
|
DIN No.: |
00013551 |
|
|
|
|
Name : |
Mr. Ashok Kumar Harkishan Lal Mahajan |
|
Designation : |
Director |
|
Address : |
Flat No. 304, Brownea, Nyati Estate, Mohammadwadi, Hadapsar, Pune –
411028, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1945 |
|
Date of Appointment : |
31.01.2007 |
|
DIN No.: |
00017150 |
KEY EXECUTIVES
|
Name : |
Mr. Vikas K. Bhat |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 09.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Anuradha Jitendra Desai |
100 |
0.01 |
|
Banda Venkatesh Banda Vasudev Rao |
100 |
0.01 |
|
Venkateshwara Hatcheries Private Limited, |
375400 |
50.06 |
|
Srivenk Investments and Finance Private Limited, |
374100 |
49.89 |
|
B Balaji B Vasudev Rao |
100 |
0.01 |
|
Jitendra Moreshwar Desai |
100 |
0.01 |
|
Total |
749900 |
100.00 |
As on 09.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
99.95 |
|
Directors or relatives of Directors |
0.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Hatchers, Setters, Poultry Equipments
and Spares and also engaged in Poultry business and in Entertainment
activity. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Poultry Equipments |
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Countries : |
· African Countries · Gulf Countries |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Italy · Europe |
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Terms : |
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Selling : |
Cash and Credit (30 Days/ 60 Days/ 90 Days) |
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Purchasing : |
Cash and Credit (30 Days/ 60 Days/ 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Manufacturer, OEM’s and End Users
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deo Prashant Vinay Chartered Accountants |
|
Address : |
Flat No 11, Building No. 8-B, Laxminarayan Nagar, Co.operative Housing Society, Erandawana, Pune – 411004, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ABAPD7786M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Venkateshwara Hatcheries Private Limited CIN No.: U01222AP1971PTC001422 |
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Subsidiary
Company : |
Bala Entertainment USA Inc |
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Fellow Subsidiary
company : |
Eastern Hatcheries Private Limited CIN No.: U01222OR1985PTC002190 Venky's (India) Limited CIN No.: L01222PN1976PLC017422 |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
B.V. Bio-Corp Private Limited CIN No.: U15332PN2002PTC016680 Srivenk Investments and Finance Private Limited CIN No.: U65999MH1987PTC023309 Uttara Foods and Feeds Private Limited CIN No.: U15332MH1996PTC099964 Uttara Impex Private Limited CIN No.: U51909PN2009PTC133389 Venco Research and Breeding Farm Private Limited CIN No.: U07222PN1980PTC017423 Venkateshwara Research and Breeding Farm Private Limited CIN No.: U01222PN1980PTC017494 |
CAPITAL STRUCTURE
As on 09.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,620,000 |
Equity Shares |
Rs.10/- each |
Rs. 86.200 Millions |
|
12,000,000 |
Preference Shares |
Rs.10/- each |
Rs. 120.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 206.200
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
749,900 |
Equity Shares |
Rs.10/- each |
Rs. 7.499 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
7.499 |
22.090 |
22.091 |
|
(b) Reserves & Surplus |
98.108 |
166.282 |
152.543 |
|
(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) |
105.607 |
188.372 |
174.634 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3.048 |
2.213 |
1.568 |
|
Total Non-current Liabilities
(3) |
3.048 |
2.213 |
1.568 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
69.066 |
30.945 |
16.800 |
|
(b) Trade
payables |
152.783 |
115.152 |
37.398 |
|
(c) Other
current liabilities |
15.166 |
24.099 |
42.237 |
|
(d) Short-term
provisions |
0.516 |
0.955 |
1.114 |
|
Total Current
Liabilities (4) |
237.531 |
171.151 |
97.549 |
|
|
|
|
|
|
TOTAL |
346.186 |
361.736 |
273.751 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
37.970 |
34.835 |
20.473 |
|
(ii)
Intangible Assets |
5.717 |
0.005 |
0.007 |
|
(iii)
Capital work-in-progress |
1.064 |
3.427 |
6.566 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.145 |
36.664 |
36.665 |
|
(c) Deferred tax assets (net) |
0.733 |
0.510 |
0.945 |
|
(d) Long-term Loan and Advances |
33.266 |
28.825 |
24.143 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
78.895 |
104.266 |
88.799 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
32.569 |
31.413 |
|
(b)
Inventories |
147.611 |
144.714 |
71.939 |
|
(c) Trade
receivables |
45.698 |
25.009 |
45.834 |
|
(d) Cash and
cash equivalents |
60.274 |
34.792 |
21.960 |
|
(e)
Short-term loans and advances |
12.130 |
20.225 |
13.556 |
|
(f) Other
current assets |
1.578 |
0.161 |
0.250 |
|
Total
Current Assets |
267.291 |
257.470 |
184.952 |
|
|
|
|
|
|
TOTAL |
346.186 |
361.736 |
273.751 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1063.089 |
863.528 |
652.806 |
|
|
|
Other Income |
3.609 |
5.217 |
5.215 |
|
|
|
TOTAL |
1066.698 |
868.745 |
658.021 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1094.632 |
848.005 |
589.997 |
|
|
|
|
|
|
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|
PROFIT/
(LOSS) BEFORE EXCEPTIONAL AND
EXTRAORDINARY ITEMS AND TAX |
(27.934) |
20.740 |
68.024 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS |
39.176 |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(67.110) |
20.740 |
68.024 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.643) |
7.000 |
24.717 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(66.467) |
13.740 |
43.307 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports at F.O.B. Value |
33.520 |
27.267 |
13.755 |
|
|
TOTAL EARNINGS |
33.520 |
27.267 |
13.755 |
|
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
NA |
35.736 |
45.717 |
|
|
TOTAL IMPORTS |
NA |
35.736 |
45.717 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(88.63) |
18.32 |
57.75 |
|
Expected Sales (2014-2015): Rs. 1060.000 Millions
The above information has been parted by Mr. Vikas K. Bhat (Marketing
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(6.25) |
1.59 |
6.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(19.49) |
6.46 |
29.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.64) |
0.11 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.65 |
0.16 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.50 |
1.90 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
22.091 |
22.090 |
7.499 |
|
Reserves & Surplus |
152.543 |
166.282 |
98.108 |
|
Net
worth |
174.634 |
188.372 |
105.607 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
16.800 |
30.945 |
69.066 |
|
Total
borrowings |
16.800 |
30.945 |
69.066 |
|
Debt/Equity
ratio |
0.096 |
0.164 |
0.654 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
652.806 |
863.528 |
1063.089 |
|
|
|
32.279 |
23.110 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
652.806 |
863.528 |
1063.089 |
|
Profit |
43.307 |
13.740 |
(66.467) |
|
|
6.63% |
1.59% |
(6.25%) |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CURRENT MATURITIES
OF LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10505444 |
09/10/2014 * |
19,000,000.00 |
VIJAYA BANK |
VINAYAKA NIVAS,3RD
FLOOR 1206/A-32, SHIROLE ROAD |
C40289076 |
|
2 |
10415941 |
25/09/2014 * |
120,000,000.00 |
BANK OF MAHARASHTRA |
HI TECH AGRI
BRANCH, REYA APARTMENT, OPP P.L.DESH |
C29743010 |
* Date of charge modification
CORPORATE INFORMATION
The Company is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the manufacturing and selling of Hatchers, Setters, Poultry Equipments and spares. The Company is also engagged in Poultry business and in Entertainment activity. The Company caters to both domestic and international markets.
OPERATIONS:
During the Financial Year 2013-2014 the Companys revenue has increased by 23.11% at Rs.1063.100 Millions as compared to Rs. 863.500 Millions in previous year. During the period the provision for diminution in value of investments was taken to the extent of Rs 3.91 accordingly Company has registered loss of Rs.66.400 Millions.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
Intangible Assets
· Computer Software
· Copyrights, Patents and Other Operating Rights
· Other Intellectual Property Rights
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.62.61 |
|
|
1 |
Rs.92.95 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.