MIRA INFORM REPORT

 

 

Report No. :

343629

Report Date :

05.10.2015

 

IDENTIFICATION DETAILS

 

Name :

VENKATESHWARA HATCHERIES PRIVATE LIMITED (w.e.f. 21.10.1988)

 

 

Formally Known As.:

VENKATESHWARA HATCHERIES LIMITED

 

 

Registered Office :

Venkateshwara House, H. No. 3-5-808 and 809, Hyderaguda, Hyderabad – 500029, Telangana

Tel. No.:

91-40-23237254/23237255

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

15.07.1971

 

 

Com. Reg. No.:

01-001422

 

 

Capital Investment / Paid-up Capital :

Rs.27.236 Million

 

 

CIN No.:

[Company Identification No.]

U01222AP1971PTC001422

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporters and Importers of Poultry Feeds and Egg Powder, Poultry Vaccines, Poultry Health Products, Human Food Supplements, Chicken and Chicken Products (Ready To eat), Bio Security Products.

 

 

No. of Employees :

Not Available

 

 

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

 

Maximum Credit Limit :

USD 42000000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist

 

 

Comments :

Subject is an old and reputed company incorporated in the year 1971 and has reputed position in Indian Poultry scene.

 

Subject has based its poultry operations in Maharashtra, Madhya Pradesh and the southern states of India. It is having satisfactory track.

 

The ratings takes into consideration decent financials risk profile of the company marked by strong networth base along with comfortable gearing in FY14.

 

The company is successful in wiping out losses of previous year in the year under consideration. Overall financial condition of the company appears to be sound and healthy.

 

Trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

In view of long track of business operations, the company can be considered for business dealings with 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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 = BBB

Rating Explanation

Moderate degree of safety and moderate credit risk.

Date

September, 2015

 

Rating Agency Name

ICRA

Rating

Short term Fund Based = A2+

Rating Explanation

Strong degree of safety and low credit risk.

Date

September, 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 31-03-2015.

 

 

 

 

LOCATIONS

 

Registered Office :

Venkateshwara House, H. No. 3-5-808 and 809, Hyderguda, Hyderabad – 500 029, Telangana, India

Tel. No.:

91-40-23237254/ 23237255

Fax No.:

91-40-23233915

E-Mail :

corp.sec@venkys.com

venkys-ip@eth.net

umeh.pikr@venkys.com

Website :

www.venkys.com

Location :

Owned

 

 

Corporate Office / Factory :

Venkateshwara House, S. No. 114/ A/ 2, Pune-Sinhagad Viththalwadi, Pune – 411 030, Maharashtra, India 

Tel. No.:

91-20-24251760 / 24251530

Fax No.:

91-20-24250584/ 24251077

E-Mail :

m.mathew@venkys.com

 

 

Central Marketing Office :

Camp Office, Uttara House, 2 Wellesley Road, Pune-411001, Maharashtra, India

Tel. No.:

91-20-26131274 / 26137971 / 66099300

Fax No.:

91-20-26114128

E-Mail :

Info@uttarafoods.com

 

 

DIRECTORS

 

AS ON 25.09.2014

 

Name :

Anuradha Jitendra Desai

Designation :

Managing 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 :

27.10.1983

DIN No.:

00012212

PAN No.:

AAQPD6893C

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01222AP1971PTC001422

VENKATESHWARA HATCHERIES PRIVATE LIMITED

Managing director

27/10/1983

27/10/1983

-

Active

NO

2

U07222PN1980PTC017423

VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED

Director

3/12/1984

3/12/1984

-

Active

NO

3

L01222PN1976PLC017422

VENKY'S (INDIA) LIMITED

Director

2/12/1988

2/12/1988

-

Active

NO

4

U65999MH1987PTC023309

SRIVENK INVESTMENTS AND FINANCE PRIVATE LIMITED

Director

29/01/1991

29/01/1991

-

Active

NO

5

U74999PN1988PTC020677

BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED

Director

14/03/1996

14/03/1996

-

Active

NO

6

U01222PN1980PTC017494

VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED

Director

15/03/1996

15/03/1996

-

Active

NO

7

U29299PN1993PTC020678

VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED

Director

18/03/1996

18/03/1996

-

Amalgamated

NO

8

U15400TG1982PLC070673

AGROCORPEX INDIA LIMITED

Director

23/03/1996

23/03/1996

-

Active

NO

9

U15332MH1996PTC099964

UTTARA FOODS AND FEEDS PRIVATE LIMITED

Director

4/6/1996

4/6/1996

-

Active

NO

10

U67120MH1982PTC027946

VENKA INVESTMENTS PRIVATE LIMITED

Director

30/06/1997

30/06/1997

-

Amalgamated

NO

11

U92111MH1998PTC114045

BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED

Director

19/03/1998

19/03/1998

-

Amalgamated

NO

12

U01222TG2000NPL035402

POULTRY DEVELOPMENT PROMOTION COUNCIL

Director

5/10/2000

5/10/2000

-

Active

NO

13

U15332PN2002PTC016680

B.V. BIO-CORP PRIVATE LIMITED

Director

15/01/2002

15/01/2002

-

Active

NO

14

U74220PN2002NPL017463

NATIONAL AGRICULTURE AND FOOD ANALYSIS AND RESEARCH INSTITUTE

Director

13/12/2002

13/12/2002

-

Active

NO

15

U55101MH2000PLC187834

LAVASA CORPORATION LIMITED

Director

24/02/2003

24/02/2003

27/03/2015

Active

NO

16

U15136PN2004PTC018753

UTTARA MASALA PRODUCTS PRIVATE LIMITED

Director

8/1/2004

8/1/2004

-

Active

NO

17

U74140DL2004NPL125424

CENTRE FOR INTERNATIONAL TRADE IN AGRICULTURE AND AGRO BASED INDUSTRIES

Director

25/03/2004

25/03/2004

-

Active

NO

18

U01222TG1998NPL029027

BHARAT EGG PRODUCERS' ASSOCIATION

Director

30/09/2004

30/09/2004

-

Active

NO

19

U01222PN2005PTC020345

ALL INDIA POULTRY DEVELOPMENT AND SERVICES PRIVATE LIMITED

Director

28/02/2005

28/02/2005

-

Active

NO

20

U00029PN2006PTC022259

UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED

Director

30/03/2006

30/03/2006

-

Active

NO

21

U00029PN2006PTC022258

UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED

Director

30/03/2006

30/03/2006

-

Active

NO

22

U24230PN2007PTC130916

UTTARA BIOSCIENCES PRIVATE LIMITED

Director

27/10/2007

27/10/2007

-

Active

NO

23

U51909PN2009PTC133389

UTTARA IMPEX PRIVATE LIMITED

Director

20/01/2009

20/01/2009

-

Active

NO

24

U01222OR1985PTC002190

EASTERN HATCHERIES PRIVATE LIMITED

Director

19/06/2010

23/04/2010

-

Active

NO

25

U73100PN2011PTC140966

SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED

Director

4/10/2011

4/10/2011

-

Active

NO

26

U15122TG2012PTC080815

UTTARA BAKERS PRIVATE LIMITED

Director

9/5/2012

9/5/2012

-

Active

NO

27

U14200PN2013PTC147812

PADMAVATI MARBLES PRIVATE LIMITED

Director

19/06/2013

19/06/2013

-

Active

NO

 

 

Name :

Banda Venkatesh Rao

Designation :

Managing 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 :

10.11.1995

DIN No.:

00013614

PAN No.:

AAUPB1731H

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U67120MH1982PTC027946

VENKA INVESTMENTS PRIVATE LIMITED

Director

7/8/1982

7/8/1982

-

Amalgamated

NO

2

U01222OR1985PTC002190

EASTERN HATCHERIES PRIVATE LIMITED

Director

11/11/1985

11/11/1985

-

Active

NO

3

U01222AP1971PTC001422

VENKATESHWARA HATCHERIES PRIVATE LIMITED

Managing director

10/11/1995

10/11/1995

-

Active

NO

4

L01222PN1976PLC017422

VENKY'S (INDIA) LIMITED

Director

10/11/1995

10/11/1995

-

Active

NO

5

U74999PN1988PTC020677

BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED

Director

14/03/1996

14/03/1996

-

Active

NO

6

U07222PN1980PTC017423

VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED

Director

16/03/1996

16/03/1996

-

Active

NO

7

U29299PN1993PTC020678

VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED

Director

18/03/1996

18/03/1996

-

Amalgamated

NO

8

U15332MH1996PTC099964

UTTARA FOODS AND FEEDS PRIVATE LIMITED

Managing director

4/6/1996

4/6/1996

-

Active

NO

9

U92111MH1998PTC114045

BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED

Director

19/03/1998

19/03/1998

-

Amalgamated

NO

10

U01222PN1980PTC017494

VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED

Director

12/7/2001

12/7/2001

-

Active

NO

11

U15332PN2002PTC016680

B.V. BIO-CORP PRIVATE LIMITED

Director

15/01/2002

15/01/2002

-

Active

NO

12

U15136PN2004PTC018753

UTTARA MASALA PRODUCTS PRIVATE LIMITED

Director

8/1/2004

8/1/2004

-

Active

NO

13

U01222TG1998NPL029027

BHARAT EGG PRODUCERS' ASSOCIATION

Director

30/09/2004

30/09/2004

-

Active

NO

14

U01222PN2005PTC020345

ALL INDIA POULTRY DEVELOPMENT AND SERVICES PRIVATE LIMITED

Director

28/02/2005

28/02/2005

-

Active

NO

15

U00029PN2006PTC022259

UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED

Director

30/03/2006

30/03/2006

-

Active

NO

16

U00029PN2006PTC022258

UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED

Director

30/03/2006

30/03/2006

-

Active

NO

17

U24230PN2007PTC130916

UTTARA BIOSCIENCES PRIVATE LIMITED

Managing director

20/06/2008

27/10/2007

-

Active

NO

18

U51909PN2009PTC133389

UTTARA IMPEX PRIVATE LIMITED

Managing director

31/07/2010

20/01/2009

-

Active

NO

19

U73100PN2011PTC140966

SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED

Director

4/10/2011

4/10/2011

-

Active

NO

20

U15122TG2012PTC080815

UTTARA BAKERS PRIVATE LIMITED

Director

9/5/2012

9/5/2012

-

Active

NO

21

U14200PN2013PTC147812

PADMAVATI MARBLES PRIVATE LIMITED

Managing director

2/8/2013

19/06/2013

-

Active

NO

 

 

Name :

Jitendra Moreshwar Desai

Designation :

Whole-Time Director

Address :

Venkatesh Farms, S. No. 95/1, Nda Road, Village Mauje Warje, Taluka Haveli, Pune - 411029, Maharashtra, India

Date of Birth/Age :

27.04.1962

Date of Appointment :

23.12.1994

DIN No.:

00013533

PAN No.:

AASPD0474D

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U67120MH1982PTC027946

VENKA INVESTMENTS PRIVATE LIMITED

Director

20/01/1991

20/01/1991

-

Amalgamated

NO

2

U65999MH1987PTC023309

SRIVENK INVESTMENTS AND FINANCE PRIVATE LIMITED

Director

29/01/1991

29/01/1991

-

Active

NO

3

U01222PN1980PTC017494

VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED

Managing director

22/03/1991

22/03/1991

-

Active

NO

4

U74999PN1988PTC020677

BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED

Director

12/4/1993

12/4/1993

-

Active

NO

5

L01222PN1976PLC017422

VENKY'S (INDIA) LIMITED

Director

30/11/1993

30/11/1993

-

Active

NO

6

U01222OR1985PTC002190

EASTERN HATCHERIES PRIVATE LIMITED

Director

5/12/1994

5/12/1994

-

Active

NO

7

U01222AP1971PTC001422

VENKATESHWARA HATCHERIES PRIVATE LIMITEDs

Whole-time director

23/12/1994

23/12/1994

-

Active

NO

8

U92111MH1998PTC114045

BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED

Director

19/03/1998

19/03/1998

-

Amalgamated

NO

9

U15332PN2002PTC016680

B.V. BIO-CORP PRIVATE LIMITED

Director

15/01/2002

15/01/2002

-

Active

NO

10

U15136PN2004PTC018753

UTTARA MASALA PRODUCTS PRIVATE LIMITED

Director

8/1/2004

8/1/2004

-

Active

NO

11

U00029PN2006PTC022259

UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED

Director

30/03/2006

30/03/2006

-

Active

NO

12

U00029PN2006PTC022258

UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED

Director

30/03/2006

30/03/2006

-

Active

NO

13

U29299PN1993PTC020678

VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED

Director

27/11/2006

27/11/2006

-

Amalgamated

NO

14

U07222PN1980PTC017423

VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED

Alternate director

19/03/2015

30/03/2007

-

Active

NO

15

U24230PN2007PTC130916

UTTARA BIOSCIENCES PRIVATE LIMITED

Director

27/10/2007

27/10/2007

-

Active

NO

16

U51909PN2009PTC133389

UTTARA IMPEX PRIVATE LIMITED

Director

20/01/2009

20/01/2009

-

Active

NO

17

U73100PN2011PTC140966

SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED

Director

4/10/2011

4/10/2011

-

Active

NO

 

 

Name :

Jagapati Rao Chitturi

Designation :

Whole-Time Director

Address :

Plot No. 1142/A, Road No. 54, Jubilee Hills,, Hyderabad - 500033, Telangana, India

Date of Birth/Age :

15.04.1993

Date of Appointment :

12.01.1973

DIN No.:

00003425

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01222AP1971PTC001422

VENKATESHWARA HATCHERIES PRIVATE LIMITED

Whole-time director

12/1/1973

12/1/1973

-

Active

NO

2

L01222TG1978PLC002297

SRINIVASA HATCHERIES LIMITED

Director

1/4/2014

8/5/1978

-

Active

NO

3

U01222TG1983PTC003979

SRINIVASA FARMS PRIVATE LIMITED

Director

2/6/1983

2/6/1983

-

Active

NO

4

U52100TG1983PTC004275

CORPORATE ENTERPRISES PRIVATE LIMITED

Director

28/11/1983

28/11/1983

1/4/2014

Active

NO

5

U65993TG1984PTC004829

JAGAPATI FINANCE PRIVATE LIMITED

Director

4/7/1984

4/7/1984

-

Active

NO

6

L01222PN1976PLC017422

VENKY'S (INDIA) LIMITED

Director

27/08/2014

26/12/1988

-

Active

NO

7

U01222TG1980PTC002779

VARUNA HATCHERIES PRIVATE LIMITED

Director

25/03/1989

25/03/1989

-

Active

NO

8

U22210TG1989PTC010632

SRI KRISHNA DEVARAYA HATCHERIES PRIVATE LIMITED.

Director

3/11/1989

3/11/1989

-

Active

NO

9

U15400TG1982PLC070673

AGROCORPEX INDIA LIMITED

Director

24/11/1990

24/11/1990

-

Active

NO

10

U51909TG1993PTC016797

SRI CHITTURI AGENCIES PRIVATE LIMITED

Director

27/12/1993

27/12/1993

-

Active

NO

11

U70102TG1993PTC016796

CHITTURI ENTERPRISES PRIVATE LIMITED

Director

27/12/1993

27/12/1993

-

Active

NO

12

U01110TG1994PTC037063

SRI SRINIVASA AQUA FEEDS PRIVATE LIMITED

Director

10/2/1994

10/2/1994

-

Active

NO

13

U01110TG1993PTC037064

KANSAS FEEDS PRIVATE LIMITED

Director

14/05/1994

14/05/1994

-

Active

NO

14

U01229TG1994PTC017881

MONISHA SRI DURGA FARMS PRIVATE LIMITED

Director

7/7/1994

7/7/1994

-

Active

NO

15

U01111TG1994PTC018685

SRINIVASA AGRI TECH PRIVATE LIMITED

Director

4/11/1994

4/11/1994

-

Active

NO

16

U01222OR1985PTC002190

EASTERN HATCHERIES PRIVATE LIMITED

Director

5/12/1994

5/12/1994

23/04/2010

Active

NO

17

U65993TG1994PTC018270

JAGAPATI INVESTMENTS PRIVATE LIMITED

Director

27/11/1996

27/11/1996

-

Active

NO

18

U45200TG1996PTC025335

JAAGRUTHI FOUNDATIONS PRIVATE LIMITED

Director

12/1/1998

12/1/1998

-

Active

NO

19

U72200TG1998PTC030748

RHAPSODY FOODS AND BEVERAGES PRIVATE LIMITED

Director

22/12/1998

22/12/1998

27/09/2011

Active

NO

20

U72200TG1998PTC030747

HARSHA HOSPITALITIES PRIVATE LIMITED

Director

22/12/1998

22/12/1998

1/10/2011

Active

NO

21

U01222TG2000NPL035402

POULTRY DEVELOPMENT PROMOTION COUNCIL

Director

5/10/2000

5/10/2000

-

Active

NO

22

U24244TG1998PTC029802

PALLAVI PERFUMES AND COSMETICS PRIVATE LIMITED

Director

9/12/2003

9/12/2003

1/8/2008

Under liquidation

NO

23

U01222PN2005PTC020345

ALL INDIA POULTRY DEVELOPMENT AND SERVICES PRIVATE LIMITED

Director

28/02/2005

28/02/2005

-

Active

NO

24

U63040TG1999PTC031703

FOREFRONT MANAGEMENT SERVICES PRIVATE LIMITED

Director

23/03/2015

23/03/2015

-

Active

NO

 

 

Name :

Vishwanath Kunjilal Dubey

Designation :

Director

Address :

4-B, Nayagaon Colony, Rampur, Jabalpur - 482008, Madhya Pradesh, India

Date of Birth/Age :

17.07.1939

Date of Appointment :

10.06.1982

DIN No.:

00029539

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U01222MP1979PTC001500

CENTRAL HATCHERIES PRIVATE LIMITED

Managing director

22/03/1979

22/03/1979

-

Active

NO

2

U01222AP1971PTC001422

VENKATESHWARA HATCHERIES PRIVATE LIMITED

Director

10/6/1982

10/6/1982

-

Active

NO

3

U15400TG1982PLC070673

AGROCORPEX INDIA LIMITED

Director

2/12/1982

2/12/1982

-

Active

NO

4

L01222PN1976PLC017422

VENKY'S (INDIA) LIMITED

Director

14/06/1993

14/06/1993

4/5/2009

Active

NO

5

U01222MP1994PTC008310

PHOENIX HATCHERIES PRIVATE LIMITED

Managing director

4/5/1994

4/5/1994

-

Active

NO

6

U01222MP1989PTC005630

JABALPUR HATCHERIES PRIVATE LIMITED

Director

30/09/1997

30/09/1997

-

Active

NO

7

U60231UP2010PLC039879

ANUBHA ENGINEERING LIMITED

Director

16/03/2010

16/03/2010

4/7/2012

Active

NO

8

U13209MP2013PTC029917

BLUE DUST MINES AND MINERALS PRIVATE LIMITED

Managing director

1/8/2013

1/8/2013

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Subodh Pradip Dandawate

Designation :

Secretary

Address :

B-17, Sai Vihar Residency,, Pashan - Sus Road, Pashan, Pune - 411021, Maharashtra, India

Date of Birth/Age :

23.06.1984

Date of Appointment :

31.08.2009

PAN No:

ARPPD5044B

 

 

MAJOR SHAREHOLDERS

 

AS ON 25.09.2014

 

Names of Shareholders

 

No. of Shares

Rao Balaji Banda

 

784484

Desai Jitendra Anuradha (Poultry Corporation Of India), India

 

165025

Rao Jagapati Chitturi

 

40000

Rayudu Suresh Chitturi Jtly With C. Jagapati Rao

 

11000

Thorat Bhausaheb Subhaschandra

 

84143

Rao Venkatesh Banda

 

183260

Thorat Subhashchandra Sunanda Jtly With Thorat Bhausaheb Subhashchandra

 

6240

Miss Geetanjali

 

1200

Miss G. Madalasa

 

4400

Late Dr.Rao Vasudev Banda Jtly With Mrs.Uttaradevi Rao

Late B. Krishnaswamy

 

1000

Desai Jitendra Anuradha Jtly. Dr.B.Vasudev Rao

 

47200

Rao Uttaradevi Jtly With Dr. Rao Vasudev Banda

 

79360

Late Dr. Rao Vasudev Banda

 

15000

Mahajan Vinayak Madhusudun

 

3920

Annapurna Kasi Meka

 

15626

Srivenk Investments Private Limited, India

 

860

Padmaja E.

 

15000

Late Dr.B.V.Rao Jtly With Banda Venkatesh Rao

 

600

Dr.M.A.Samad Jtly With Amina Salim Begum

 

2250

Rao Banda Venkatesh

 

601414

Desai Jitendra Anuradha

 

600915

Jankiram M.

 

1671

Lokanathan M.

 

1742

Ratnam Poultry Farm Private Limited, India

 

5375

Nupur Khare Jtly With Mayur Dewal Sheelavati Keshav

 

2000

Patil Ramchandra Aruna

 

3100

P. Madan Mohan Jtly With Polam Shanta & P.Vidya Sagar

 

14800

Seshaiah Peda Mannava Jtly With M.Nagaratnamma

 

31968

 

 

 

Total

 

2723553

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 25.09.2015

 

Category

Percentage

Bodies corporate

0.23

Directors or relatives of Directors

93.41

Other

6.36

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporters and Importers of Poultry Feeds and Egg Powder, Poultry Vaccines, Poultry Health Products, Human Food Supplements, Chicken and Chicken Products (Ready To eat), Bio Security Products.

 

 

Products :

Item Code No.

Product Description

01059200

Commercial Grown

up Birds

04070000

Eggs Hatching and

Commercial

30023000

Poultry Vaccines

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Available

Name of the Person :

Not Available

Contact No.:

Not Available

Since How Long Known :

Not Available

Maximum Limit Dealt :

Not Available

Experience :

Not Available

Remark:

Not Available

 

 

Customers :

Reference :

Not Available

Name of the Person :

Not Available

Contact No.:

Not Available

Since How Long Known :

Not Available

Maximum Limit Dealt :

Not Available

Experience :

Not Available

Remark:

Not Available

 

 

No. of Employees :

Not Available

 

 

Bankers :

  • IDBI Bank Limited, Specialised Corporate Branch, Pride House, 2 Floor, .University Road, Shivajinagar, Pune - 411016, Maharashtra, India

 

  • Bank of Maharashtra, Agri Hi Tech Branch Mangalmurti Complex, Sinhagad Road, Pune - 411030, Maharashtra, India

 

  • Axis Bank Limited, Corporate Banking Branch, 214-215, City Mall, 2nd 
    Floor, Plot No. 1, Ganeshkhind, University Road, Pune 411002, Maharashtra , India

 

  • The Pune Merchant's Co-Op Bank Limited, S. No 16/40, Prasanna Heights, Manik Baug,, Singhgad Road, Wadgaon Bk, Pune - 411051, Maharashtra, India

 

  • ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda, Guj 
    Arat - 390015, India

 

  • ING Vysya Bank Limited, 22, M G Road,, Bangalore- 560001, Karnataka, India

 

  • Corporation Bank, Corporate Banking Branch, 14, Mumbai-Pune Road, Wakdewadi, Pune- 411003, Maharashtra, INDIA

 

 

Banker Name

Union Bank Of India

Branch Address

Industrial Finance Branch,

Pune Camp, Pune - 411001,

Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee term loans from banks

3348.265

3472.268

Term loans from others

29.166

449.468

Long-term maturities of finance lease obligations

(1130.146)

(1445.978)

SHORT TERM BORROWING

 

 

Loans repayable on demand from Banks [Cash credit facilities]

2680.507

1504.517

Total

4927.792

3980.275

 

Financial Institute:

Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge  City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India

 

Fullerton India Credit Company Limited, Megh Towers, Third Floor, Old No-307, New No-165 , Poonamallee High Road, Maduravoyal,, Chennai - 600095, Tamilnadu, INDIA

 

 

Auditors :

 

Name :

Sudit K. Parekh and Company

Chartered Accountants

Address :

Ballard House, Adi Marzban Marg, Ballard Pier Fort, Mumbai – 400 001, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAAFS4500P

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises Which Are

Owned, Or Have Significant

Influence Of Or Are Partners With Key Management Personnel And Their Relatives:

  • All India Poultry Development And Services Private Limited, India [U01222PN2005PTC020345]
  • B.V. Bio-Corp Private Limited, India [U15332PN2002PTC016680]
  • Phoenix Poultry, India
  • Uttara Foods And Feeds Private Limited, India [U15332mh1996ptc099964]
  • Uttara Impex Private Limited, India [U51909PN2009PTC133389]
  • Uttara Masala Products Private Limited, India [U15136PN2004PTC018753]
  • Venco Research and Breeding Farm Private Limited, India [U07222PN1980PTC017423]
  • Venkateshwara Research And Breeding Farm Private Limited, India,
  • Venkateshwara Foods and Feeds (Partnership), India
  • Venky's London Limited, United Kingdom
  • Wayward Acres, United States

 

 

Subsidiary Company:

  • Bala Industries and Entertainment Private Limited, India [U74999PN1988PTC020677]
  • Blackburn Rovers Football And Athletic Plc, United Kingdom
  • Eastern Hatcheries Private Limited, India [U01222OR1985PTC002190]
  • Poultry Corporation Of India
  • Srivenk Investments and Finance Private Limited [U65999MH1987PTC023309]
  • Venky's (India) Limited, India [L01222PN1976PLC017422]
  • Venky's Overseas Limited, United Kingdom

 

 

Associate:

  • Srivenk Biological Laboratories Private Limited, India [U73100PN2011PTC140966]

 

 

Others:

  • Uttara Foods And Feeds (Bangladesh) Limited, Bangladesh

 


 

CAPITAL STRUCTURE

 

AS ON 25.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3750000

Equity Shares

Rs.10/- each

Rs.37.500 Million

10000000

Preference share

Rs.10/- each

Rs.100.000 Million

 

Total

 

Rs.137.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2723553

Equity Shares

Rs.10/- each

Rs.27.236 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

27.236

27.236

27.236

(b) Reserves & Surplus

14618.070

6092.883

6129.369

(c) Money received against share warrants

0.000

0.000

0.000

(d) Deffred government grants

5.937

5.994

6.051

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

0.000

Total Shareholders’ Funds (1) + (2)

14651.243

6126.113

6162.656

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2247.285

2475.758

2753.064

(b) Deferred tax liabilities (Net)

611.717

396.244

353.977

(c) Other long term liabilities

42.754

50.986

51.812

(d) long-term provisions

95.893

91.841

72.774

Total Non-current Liabilities (3)

2997.649

3014.829

3231.627

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

7912.609

5112.834

2705.351

(b) Trade payables

4865.776

4330.080

2239.729

(c) Other current liabilities

1858.013

2166.534

1669.617

(d) Short-term provisions

116.796

48.716

99.724

Total Current Liabilities (4)

14753.194

11658.164

6714.421

 

 

 

 

TOTAL

32402.086

20799.106

16108.704

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

15197.815

6011.106

5429.537

(ii) Intangible Assets

7.386

9.984

7.565

(iii) Capital work-in-progress

684.701

971.802

361.895

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

8014.124

5966.177

3905.321

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

902.509

1049.642

1519.556

(e) Other Non-current assets

4.500

2.456

1.996

Total Non-Current Assets

24811.035

14011.167

11225.870

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

110.800

39.524

527.098

(b) Inventories

4956.587

4673.333

3324.113

(c) Trade receivables

1037.385

804.628

607.952

(d) Cash and cash equivalents

1344.360

1151.557

301.369

(e) Short-term loans and advances

140.260

117.117

121.157

(f) Other current assets

1.659

1.780

1.145

Total Current Assets

7591.051

6787.939

4882.834

 

 

 

 

TOTAL

32402.086

20799.106

16108.704

 

 

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 

 

 

 

 

 

Less

EXPENSES

NA 

NA 

NA 

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION 

2164.600

1233.000

2271.000

 

 

 

 

 

Less

FINANCIAL EXPENSES

1104.600

814.300

648.500

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

1060.000

418.700

1622.500

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

493.100

415.100

321.400

 

 

 

 

 

Less

Exceptional Items

(666.400)

0.000

0.000

Less

Profit period items

17.300

5.800

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

1216.000

3.600

1301.100

 

 

 

 

 

Less

TAX

369.300

42.300

422.800

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

846.700

(38.700)

878.300

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

4234.500

4270.900

3565.200

 

 

 

 

 

 

Balance Carried to the B/S

5081.200

4232.200

4443.500

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

310.89 

(14.21) 

322.48

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

1130.147

1445.978

1131.508

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

5.13

0.03

10.99

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.08

0.00

0.21

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.77

1.47

1.07

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.51

0.58

0.73

 

 

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

27.236

27.236

27.236

Reserves & Surplus

6129.369

6092.883

14618.070

Net worth

6156.605

6120.119

14645.306

 

 

 

 

long-term borrowings

2753.064

2475.758

2247.285

Short term borrowings

2705.351

5112.834

7912.609

Current maturities of long-term debts

1131.508

1445.978

1130.147

Total borrowings

6589.923

9034.570

11290.041

Debt/Equity ratio

1.070

1.476

0.771

 

 

 

 

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

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

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

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

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

No

27

Reasons for variation <> 20%

Yes

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

Yes

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

 

CASE STATUS INFORMA

ACMA 220/2014

MACMASR 3518/ 2014

CASE IS: PENDING

DHEERAVAT SHANKAR AND 3 OTHERS

VS

M/S VENKATESHWARA HATCHERIES PRIVATE LIMITED AND ANOTHER

 

 

 

PET. ADV.: CHANDRAIAH  

                    SOMAVARAPU

 

RESP. ADV.: MAHENDER RAO

 

 

 

SUNJECT: MACMA (DEATH)

 

DISTRICT: HYDERABAD

 

 

 

FILING DATE.: 04-02-2014

 

POSTING STAGE: FOR ADMISSION

 

 

 

REG. DATE: 05-02-2014

 

LISTING DATE: 07-02.2014

 

 

 

HON’BLE JUDGE (S): M.S. RAMCHANDRA RAO

STATUS: -

 

 

OPERATIONS:

 

The Sales turnover for the year ended 31st March, 2013 amounted to Rs.27846.000 Million as against Rs.25212.100 Million achieved in the previous year. Profit before tax stood at Rs.1216.000 Million. Net profit for the year amounted to Rs.846.700 Million.

 

During the year, the performance of the poultry and poultry products segment improved as compared to the previous year, in spite of continuous high cost of feed ingredients and lower realizations from sale of day old chicks and grown up birds for most of the periods. The vaccines segment registered better growth both in sales turnover and profits, due to increased demand. The performance of egg powder products segment continued to be subdued, due to unfavorable market conditions

 

During the year, as part of its restructuring of business operations, the business units of North based poultry and packaging divisions, commonly known as 'North Poultry Division' or 'NPD' and 'North Packaging Division' or 'NPAD') situated at Naraingarh - Haryana, Nalagarh - Himachal Pradesh and Ludhiana - Punjab have been hived off with effect from 31st March, 2014 ('the effective date') on a going concern by way of a slump sale for total consideration of Rs.416.800 Million

 

These divisions were engaged in production of commercial layer chicks and packing boxes for day old chicks and eggs. The assets and liabilities pertaining to these units were transferred at their respective book values. Accordingly, Company has earned profit of Rs.356.400 Million on sale of the said divisions, disclosed as an exceptional item in the statement of Profit and Loss. The Company has recognised current tax expenses of Rs.82.200 Million in the tax expenses for the year in the Statement of Profit and Loss:

 

 

UNSECURED LOAN

 

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

SHORT TERM BORROWING

 

 

Loans repayable on demand

3542.317

3608.317

Loans and advances from related parties

1689.785

0.000

Total

5232.102

3608.317

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10586681

29/07/2015

750,000,000.00

AXIS BANK LIMITED

CORPORATE BANKING BRANCH, 214-215, CITY MALL, 2ND FLOOR, PLOT NO. 1, GANESHKHIND, UNIVERSITY ROA, PUNE, MAHARASHTRA - 411002, INDIA

C62045018

2

10571551

01/06/2015

22,500,000.00

THE PUNE MERCHANT'S CO-OP BANK LIMITED

S.NO 16/40, PRASANNA HEIGHTS, MANIK BAUG,, SINGHGAD ROAD, WADGAON BK, PUNE, MAHARASHTRA - 411051, INDIA

C54681945

3

10573525

20/05/2015

55,000,000.00

RELIANCE CAPITAL IMITED

"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA

C55773816

4

10554664

20/02/2015

200,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

C46445441

5

10557371

16/02/2015

250,000,000.00

FULLERTON INDIA CREDIT COMPANY LIMITED

MEGH TOWERS, THIRD FLOOR, OLD NO-307,, NEW NO-165 
, POONAMALLEE HIGH ROAD, MADURAVOYAL, CHENNAI, TAMIL NADU - 600095, INDIA

C47899653

6

10530953

07/10/2014

650,000,000.00

ING VYSYA BANK LIMITED

22, M G ROAD,BANGALORE, BANGALORE, KARNATAKA - 560001, INDIA

C33416173

7

10473857

29/04/2015 *

700,000,000.00

ICICI BANK LIMITED

ICICI BANK TOWERS, BANDRA KURLA COMPLEX, MUMBAI, 
MAHARASHTRA - 400051, INDIA

C55773865

8

10402589

12/06/2014 *

36,000,000.00

CORPORATION BANK

CORPORATE BANKING BRANCH, 14, MUMBAI-PUNE ROAD,W 
AKDEWADI, PUNE, MAHARASHTRA - 411003, INDIA

C14841373

9

10372857

28/09/2012 *

1,300,000,000.00

IDBI BANK LIMITED

SPECIALIZED CORPORATE BRANCH, PRIDE HOUSE, 2 FLOOR, UNIVERSITY RD, SHIVAJINAGAR, PUNE, MAHARASHTRA 
- 411016, INDIA

B58534637

10

10321199

26/12/2012 *

500,000,000.00

CORPORATION BANK

INDUSTRIAL FINANCE BRANCH, 14, PUNE MUMBAI ROAD, 
WAKDEWADI, PUNE, MAHARASHTRA - 411003, INDIA

B67936922

 

* Date of charge modification

 

 

CONTINGENT LIABILITIES:

 

(Rs. in million)

PARTICULARS

31.03.2014

31.03.2013

Claims against company not acknowledged as debt

119.597

101.163

Guarantees

13720.088

12439.958

 

FIXED ASSETS

 

Tangible assets

 

 

Intangible assets

 

 

 

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records 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.65.55

UK Pound

1

Rs.99.17

Euro

1

Rs.73.08

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

GTA

 


 

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

6

--PROFITABILITY

1~10

7

--LIQUIDITY

1~10

7

--LEVERAGE

1~10

7

--RESERVES

1~10

7

--CREDIT LINES

1~10

7

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.