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Report No. : |
319633 |
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Report Date : |
06.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CIMBRAI UNIGRAIN INDIA |
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Liaison Office : |
B-1/1369, Vasant Kunj, New Delhi – 110 070 |
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Tel. No. : |
91-11-46063189 |
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Country : |
India |
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Financials (as
on) : |
-- |
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Year of
Establishment : |
1997 |
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Capital
Investment : |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Foreign Register Company |
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Line of Business
: |
Subject is one of the world’s leading producers within processing, handling and storage of grain and seeds and increasing other products. |
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No. of Employees
: |
3 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Liaison Office |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
As claimed by Mr. Rajat (Manager) subject is stand as a Foreign Register
Company, having their main office in Denmark with the name of “A/S CIMBRIA”
and in India they are operating as a liaison office with the name of CIMBRIA
INDIA”. However trade relations seems to be fair. Business is active. Payment
terms are unknown. The concern can be considered for business dealing 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Rajat |
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Designation : |
Manager |
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Contact No.: |
91-11-46063189 |
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Date : |
27.05.2015 |
LOCATIONS
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Registered Office/ Headquarter : |
Cimbria House Faartoftvej 22 P.O. Box 40, 7700 Thisted, Denmark |
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Tel. No.: |
+45 96 17 90 00 |
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Fax No.: |
+45 96 17 92 99 |
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E-Mail : |
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Website : |
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Liaison Office : |
B-1/1369, Vasant Kunj, New Delhi – 110 070, India |
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Tel. No.: |
91-11-46063189 |
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Mobile No.: |
91-9811066710/ 9560453082 [Mr. Rajat] |
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Fax No.: |
Not Available |
MANAGEMENT
|
Name : |
Mr. Kethi Chandra Reddy |
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Designation : |
General Manager |
KEY EXECUTIVES
|
Name : |
Mr. Rajat |
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Designation : |
Manager |
BUSINESS DETAILS
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Line of Business : |
Subject is one of the world’s leading producers within processing, handling and storage of grain and seeds and increasing other products. |
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Products : |
· De Awners · Dry Stoners · Grain Dryers · Seed Separators · Gravity Separators · Maize Shellers · Trieur Batteries · Flat Bottom Storage Silos · Pre Cleaners · Roto Cleaners ·
Screen Cleaners |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and Others
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No. of Employees : |
3 (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
-- |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been denied by Mr. Rajat (Manager)
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
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2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
No |
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8] |
No. of employees |
Yes |
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9] |
Name of person contacted |
Yes |
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10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
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12] |
Profitability for last
three years |
No |
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13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
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15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
No |
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17] |
Major suppliers |
No |
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18] |
Major customers |
No |
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19] |
Payments terms |
Yes |
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20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
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22] |
Litigations that the firm
/ promoter involved in |
-- |
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23] |
Banking Details |
Yes |
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24] |
Banking facility details |
No |
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25] |
Conduct of the banking
account |
-- |
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26] |
Buyer visit details |
-- |
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27] |
Financials, if provided |
No |
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28] |
Incorporation details, if
applicable |
No |
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29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
No |
PROFILE
Cimbria is one of the world’s leading
producers within processing, handling and storage of grain and seed and
increasingly other products. They offer projecting and process control – as
well as the development, manufacture and installation of individual machines,
customized systems and complete turnkey plants.
Cimbria solid market position is a result of new thinking deeply rooted in
special knowledge and experience achieved through decades of intense research
and development. Their expertise is based on many years of hands-on experience
and in-depth material knowledge which enables them to supply solutions taking
the requirements and problems of the individual client in account. The core
competency of the company is exact projecting in proportion to the required
capacity. In this way, they manage to achieve maximum machine utilization with
minimum environmental strain. They design, develop, manufacture and install
custom-built solutions whether these are single machines, complete processing
lines or large turnkey projects with highly advanced automation and management
information systems. They master all disciplines and expertise within research
and development, crop knowledge, engineering and manufacturing, as well as in
professional project management, consulting service and construction.
Cimbria’s total project competence provides their customers with a high level
of safety, comfort and attentiveness to their project, ensuring qualified
performance in every aspect and complete integration and coordination of
functions and components. They are a one-stop solution company, and their
client has only one contact who is responsible for the entire project. They
deliver more than just metal constructions – they create solutions.
Seed processing - taking care, adding
value
Seed means life, and life needs cautiousness to grow. Processing of seeds is a
matter of experience and in depth knowledge of various products and particular
processes ideally suited to the specific processing task. Cimbria holds a strong
world-leading market position within seed processing plants, where they
maintain a strong focus on quality and cost-benefit.
Thorough technical engineering experience and in-depth product knowledge
enables Cimbria to supply solutions for cleaning, grading and treatment of
various seed and grain products. They offer advice and design of plants for all
sorts of cleaning purposes and various products based on research achievements
and many years of practical experience.
All over the world, the seed industry is moving towards an increased level of
industrial production with high capacity plants for cleaning and grading the
seed. This development increases the demand for Cimbria's high capacity, high
quality and cost-effective seed processing solutions. They have a fully
equipped test center with comprehensive laboratory facilities as well as
industrial sized machines. This, together with their very long and extensive
field experience, result in top quality performance capability in the research
and on-going development of processing technology and equipment. Their test
facilities and experience enable them to provide specific and tailor-made
solutions for every application.
Cimbria develops and manufactures an entire range of seed processing machines
and equipment and solutions for all sorts of cleaning and grading. They deliver
seed-processing plants for a variety of grain, cereals, oil seeds, grass seeds,
rice, legumes, garden seed and other commercial seed, capable of working under
all kinds of climatic conditions all over the world. They supply complete seed
processing lines with a capacity up to 25 tonnes per line per hour. Gentle
handling and strict genuine sorting accuracy without any danger of mixing sorts
are their daily bread and main supporting pillar of their work.
PRESS RELEASE:
CIMBRIA GOES INDIA
Following the slogan of the Indian Prime Minister Narendra Modi „Make
in India“, Cimbria intends to consolidate and extend the company’s presence in
the Indian subcontinent.
More than 60 seed processing lines have been delivered to various seed
producers, mainly in the area of Hyderabad – known as rice bowl of India - but
also in other parts of the country.
Cimbria equipment is known for its durability and reliability and an
excellent price-performance ratio.
In the course of extension of our strategic activities in this important market, a new General Manager for Cimbrias activities in India has been appointed:
MR. KETHI CHANDRA
REDDY
Mr. Reddy brings more than 30 years of experience in seed and grain and
milling industry with him, and with his thorough knowledge about the local
market and customers, we trust that Mr. K.C. Reddy is the right person to
handle, coordinate and grow Cimbria’s business in India.
The strengthening of
our local organization combined with new technical developments makes us
confident in a continued success in one of our most focused countries.
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. 63.52 |
|
|
1 |
Rs. 95.96 |
|
Euro |
1 |
Rs. 70.54 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.