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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

489287

Report Date :

01.02.2018

 

IDENTIFICATION DETAILS

 

Name :

BANASKANTHA DISTRICT CO-OPERATIVE MILK PRODUCERS UNION LIMITED

 

 

Registered Office :

Banas Dairy, Post Box 20, Palanpur, Banaskantha – 385001, Gujarat

Tel. No.:

91-2742-253881/253885

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Year of Establishment :

1969

 

 

Capital Investment / Paid-up Capital :

Not Divulged

 

 

IEC No.:

Not Divulged

 

 

TIN No:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Subject is a Co-operative Society registered under Co-operative Societies Act.

 

 

Line of Business :

Manufacturing of Dairy Product. [Confirmed by management]

 

 

No. of Employees :

2600 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A+

 

Credit Rating

Explanation

Rating Comments

A+

Low Risk

Business dealings permissible with low risk of default

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Banaskantha District Cooperative Milk Producers' Union Limited known as Banas Dairy is a cooperative organization founded by Late Shri Galbabhai Patel and was established in the year 1969 under the Gujarat Co-operative societies Act 1961 with the support of NDDB as a part of their Operation Flood Program launched to bring about white revolution in the country.

 

It manufactures a large number of dairy products under AMUL, SAGAR and BANAS brands. Their product range includes Amul Pasteurized Milks, Amul longer Shelf Life Milk, Amul Butter, Amul Ghee, Sagar Ghee, Amulya Powder, Sagar Tea and Coffee Whitener, Sagar SMP, Amul SMP, Amul Shakti Powder, a wide range of Amul Ice Creams, Banas Peda, Banas Tea etc.

 

The products of dairy are marketed through Gujarat Cooperative Milk Marketing Federation, Anand. It also provides a large number of technical inputs to over 1.8 lac farmer households, which are organized through 1200 odd Village level Cooperative Milk Societies.

 

Banas Dairy collects an average of around 3.5 million liters of milk per day.

 

As per the indirect sources we found that subject has achieved sales turnover of INR 75,000 million for the financial year 2017.

 

The Banas Dairy has employee strength of 2600. It has currently 4 running dairy plants and 2 running cattle feed plant.

 

Payments are seems to be regular.

 

In view of aforesaid, Banaskantha District Cooperative Milk Producers Union Limited 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

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.

 

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 01.02.2018.

 

 

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 31-03-2016.

 

 

INFORMATION DENIED BY

 

91-9429407434 (Not Working)

 

91-9990797760/ 9408549644/ 8392953545 (Management non co-operative)

 

 

LOCATIONS

 

Registered Office :

Banas Dairy, Post Box 20, Palanpur, Banaskantha – 385001, Gujarat, India

Tel. No.:

91-2742-253881/ 253885

Fax No.:

91-2742-252723

E-Mail :

ishwarbhai@banasdairy.coop

admin@banasdairy.coop

Website :

http://www.banasdairy.coop

 

 

Plants:

Located at:

 

  • Palanpur, Gujarat, India (GSTIN: 24AAAAB0575E1ZB)
  • Faridabad, Haryana, India (GSTIN: 06AAAAB0575E1Z9)
  • Rajasthan, India (GSTIN: 08AAAAB0575E1Z5)
  • Lucknow, Uttar Pradesh, India (GSTIN: 09AAAAB0575E1Z3)

 

 

MANAGEMENT

 

Name :

Shri. Parthibhai Bhatol

Designation :

Chairman

 

 

Name :

Shri. Jorabhai Desai

Designation :

Vice Chairman 

 

 

Name :

Shri. Mavji Desai

Designation :

Vice Chairman 

 

 

Name :

Shri. Parbatbhai Patel

Designation :

Member 

 

 

Name :

Shri. Shankarbhai Chaudhary

Designation :

Chairman

 

 

Name :

Mr. Bipinkumar M. Patel

Designation :

I/C Managing Director

 

 

Name :

Shri. Joitabhai Patel

Designation :

Member

 

 

Name :

Shri. Balvantsinh Barad 

Designation :

Member

 

 

Name :

Shri. Chelabhai Uplana

Designation :

Member 

 

 

Name :

Shri. Hemrajbhai Uplana

Designation :

Member

 

 

Name :

Shri.  Kalabhai Patel

Designation :

Member 

 

 

Name :

Shri. Chamanbhai Dhukh

Designation :

Member 

 

 

Name :

Shri. Khemjibhai Chaudhary 

Designation :

Member 

 

 

Name :

Shri. Sadulbhai Patel

Designation :

Member

 

 

Name :

Shri. Virsangbhai Patel

Designation :

Member

 

 

Name :

Shri. Ambaben Patel

Designation :

Women Member

 

 

Name :

Shri. Permilaben Chaudhary

Designation :

Women Member 

 

 

Name :

Shri. Sitaben Bhuriya

Designation :

Women Member 

 

 

Name :

Shri. S.B. Chauhan

Designation :

Shri District Registrar Cooperative Societies -  Government Representative  Executive

 

 

Name :

Shri. KM Zala, GM (S & M)

Designation :

Representative

 

 

Name :

Shri Jayen Mehta, GM (P & M)

Designation :

Representative

 

 

Name :

Shri. MC Shah, Dy.GM (P. F & A) 

Designation :

Representative

 

 

Name :

Shri. Sanjay, I/C. Managing Director 

Designation :

Executive Officio Member

 

 

KEY EXECUTIVES

 

Name :

Mr. Dinesh

Designation :

Accounts Department

 

 

Name :

Mr. Ishwarbhai

Designation :

Accounts Manager

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing of Dairy Product. [Confirmed by management]

 

 

Products :
  • Utterly Delicious
  • Sugar Free Probiotic
  • Swirl
  • Utterly Delicious Cups
  • Amul Pasteurised Butter
  • Amulya Dairy Whitener
  • Amul Fresh Milk
  • Amul Gold Milk
  • Amul Taaza Double Toned Milk
  • Amul / Sagar Pure Ghee
  • Amul Kool
  • Cooking Butter
  • Amul Kool Flavoured Bottled Milk
  • Amul Kool Flavoured Bottled Milk pack in diffrent flovers
  • Amul Shakti Health Food Drink
  • Sagar ghee tin
  • Amul Shakti Toned Milk
  • Sagar Tea Coffee Whitener
  • Amul milk pack 500 Kg
  • Amul sakti powder pack
  • Sagar ghee pack in pouch
  • Banas milk sanjivani pack
  • Cones

 

 

Brand Names :

·         “AMUL”

·         “SAGAR” 

·         “BANAS”

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

-

Contact No.:

-

Since How Long Known :

-

Maximum Limit Dealt :

-

Experience :

-

Remark:

-

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

-

Contact No.:

-

Since How Long Known :

-

Maximum Limit Dealt :

-

Experience :

-

Remark:

-

 

 

No. of Employees :

2600 (Approximately)

 

 

Bankers :

 

Banker Name

Not Divulged

Branch Address

-

Person Name (With Designation)

-

Contact Number

-

Name of Account Holder

-

Account Number

-

Account Since (Date/Year of Account Opening)

-

Average Balance Maintained (If Possible)

-

Credit Facilities Enjoyed (If any)

-

Account Operation

-

Remarks (If any)

-

 

Auditors :

Not Divulged

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern:

Not Divulged

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

Particulars

 

 

 

31.03.2017

Sales Turnover (Approximately)

 

 

75000.000

 

Note: The above information has been gathered from indirect sources

 

 

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

No

10

Date of Birth of Proprietor / Partners / Directors

No

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

Yes

17

Details of sister concerns

No

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

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

No

28

Estimation for coming financial year

Yes

29

Profitability for last three years

No

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

----------------------

33

Market information

----------------------

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

THE BANASKANTHA DISTRICT CO‐OP MILK PRODUCERS’ UNION LIMITED, PALANPUR, GUJARAT

 

Banaskantha District Cooperative Milk Producers' Union Limited known as Banas Dairy is a cooperative organization established in the year 1969 under the Gujarat Co-operative societies Act 1961 with the support of NDDB as a part of their Operation Flood Program launched to bring about white revolution in the country.

 

They manufacture a large number of dairy products under AMUL, SAGAR andBANAS brands. Our product range includes Amul Pasteurised Milks, Amul longer Shelf Life Milk, Amul Butter, Amul Ghee, Sagar Ghee, Amulya Powder, Sagar Tea and Coffe Whitner, Sagar SMP, Amul SMP, Amul Shakti Powder, a wide range of Amul Ice Creams, Banas Peda, Banas Tea etc. The products of dairy are marketed through Gujarat Cooperative Milk Marketing Federation, Anand. They also provide a large number of technical inputs to over 1.8 lac farmer households, which are organised through 1200 odd Village level Cooperative Milk Societies.

 

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 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

INR

US Dollar

1

INR 63.69

UK Pound

1

INR 90.35

Euro

1

INR 79.21

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVT

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

MTN

 

 

SCORE FACTORS

 

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

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

 

 

 

 

 

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.