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MIRA INFORM REPORT
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Report No. : |
493972 |
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Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
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Name : |
THE MANDYA DISTRICT CO-OPERATIVE MILK PRODUCERS SOCIETY'S UNION LIMITED |
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Registered
Office : |
Gejjalagere, Maddur Taluk, District Mandya – 571428, Karnataka |
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Tel No.: |
91-8232-274571/ 274777/ 274592/ 274074/ 274940/ 274084 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Year of
Establishment : |
1987 |
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Capital
Investment : |
Not Divulged |
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IEC No.: |
Not Divulged |
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TIN No.: |
Not Divulged |
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GST No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Co-Operative Society |
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Line of Business
: |
Manufacturer and Processer of Milk and Milk Products. [From Indirect
Sources] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Mandya Dist Co-operative Milk Producers Societies Union Limited was registered in the year 1987 jurisdiction of Mandya District. It is one of the leading Milk Union in the State of Karnataka. As on Today milk sales about 2.64 lakh litre per day. The main objective of the union is socio-economic reformation of the farmers in the rural areas through dairying as main subsidiary occupation, providing hygienic milk to urban consumers and to facilitate rural development by providing opportunities for self- employment along with providing opportunity for steady Income at village level. Further, the union has 1184 functioning dairy co-operative societies of which 518 are women societies. It has wide distribution network, Premium quality, Competitive prices, Smart packaging, etc. Its product ranges including Curds, Ghee, Butter, Skim Milk Powder, Paneer, Mandya Special burfi, toned Milk, Homogenized Cow Milk, etc. National Dairy Development Board Awarded to Union with Prestigious “Quality Mark Certificate”. Trade relations are fair. Business is active. Payments are usually correct. In view of aforesaid, the subject can be considered for business dealings at 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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
31-03-2016.
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 24.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COPERATIVE [91-8232-274571/ 274777/ 274592/ 274074/
274940/ 274084/ 9448049383/ 9513888240/ 9448877808]
LOCATIONS
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Registered Office : |
Gejjalagere, Maddur Taluk, District Mandya – 571428, Karnataka, India |
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Tel. No.: |
91-8232-274571/ 274777/ 274592/ 274074/ 274940/ 274084 |
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Mobile No.: |
91-9448049383/ 9513888240 [Mr. Ramakrishna] 91-9448877808 [Mr. Bettaswamy Gowda] |
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Fax No.: |
91-8232-274593 |
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E-Mail : |
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Website : |
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Chilling Centers : |
Located at: · K.R. Pete, Mandya · Nagamangala, Mandya |
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UHT Plant : |
Kumbalagudu Industrial Area, Kengeri Hobli, Bangalore, Karnataka, India |
DIRECTORS
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Name : |
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Designation : |
President |
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Address : |
Kadaluru,Atguru Hobli, Maddur Taluk, Mandya District, Karnataka, India |
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Name : |
Mr. Bettaswamy Gowda |
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Designation : |
Director |
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Address : |
Koravanagundi, Tiruganahalli Post, Honakere Hobli, Nagamangala Taluk, Mandya District, Karnataka, India |
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Name : |
Mr. B. Bore Gowda |
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Designation : |
Director |
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Address : |
M. Shettihalli, K.Shettihalli Hobli & Post, Srirangapattana Taluk, Mandya District, Karnataka, India |
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Name : |
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Designation : |
Director |
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Address : |
Bilidegalu, B. Hosuru Post, Mandya Taluk, Mandya District, Karnataka, India |
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Name : |
Mr. S. P. Mahesh |
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Designation : |
Director |
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Address : |
Sathanuru, Sathanuru Post, Kasaba Hobli, Mandya Taluk, Mandya District, Karnataka, India |
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Name : |
Mr. U. C. Shivakumar |
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Designation : |
Director |
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Address : |
Ummadahally Post, Mandya Taluk, Mandya District, Karnataka, India |
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Name : |
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Designation : |
Director |
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Address : |
Kudaragundi, Gejjalagere Post, Madduru Taluk, Mandya District, Karnataka, India |
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Name : |
Mr. B. M. Vishwanath |
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Designation : |
Director |
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Address : |
Vaddarahally, Kasaba Hobli, Malavalli Taluka, Mandya District, Karnataka, India |
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Name : |
Mr. G. E. Ravikumar |
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Designation : |
Vise President |
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Address : |
Gowdagere, Manikanahally Post, Melukote Hobli, Pandavapura Taluk, Mandya District, Karnataka, India, Karnataka, India |
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Name : |
Mr. S. Ambareesh |
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Designation : |
Director |
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Address : |
Sellanere Hobli & Post, K.R.Pet Taluk, Mandya
District, Karnataka, India |
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Name : |
Mr. K. Ravi |
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Designation : |
Director |
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Address : |
Harappanahally Cross Post, K.R.Pet Taluka, Mandya District, Karnataka, India |
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Name : |
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Designation : |
Director |
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Address : |
Doddachikkanahally Post, Devalapura Hobli, Nagamangala Taluk, Mandya District, Karnataka, India |
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Name : |
Mr. Sidde Gowda |
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Designation : |
Director |
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Address : |
Channapile Koppalu, Kirgavalu Hobli, Malavally Taluk, Mandya District, Karnataka, India |
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Name : |
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Designation : |
Deputy Director, Animal Husbandry Department, |
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Address : |
Deputy Director, Animal Husbandry Department, Mandya District, Karnataka, India |
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Name : |
Mr. Suresh Babu |
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Designation : |
Managing Director |
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Address : |
Mandya Milk Union, Gejjalagere, Gejjalagere, Maddis Taluka, Mandya District, Karnataka, India |
KEY EXECUTIVES
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Name : |
Mr. H C Joshi |
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Designation : |
Joint Registrar Of Co Operative Societies, Mysore Region |
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Address : |
Joint Registrar Of Co Operative Societies, Mysore Region, Public Office Buildings, New Sayyajirao Road, Mysore, India |
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Name : |
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Designation : |
KMF Representative |
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Address : |
Dr. M H Marigowda Road, Dr. College Post, Bangalore-29, Karnataka, India |
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Name : |
Mr. G C Reddy |
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Designation : |
NDDB Representative |
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Address : |
Deputy Manager (Cs) NDDB, 80 Feet Road, Koramangala, Bangalore, Karnataka, India |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Processer of Milk and Milk Products. [From Indirect
Sources] |
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Products/ Services : |
MANMUL Products : Curds, Ghee, Butter, Skim Milk Powder, Paneer, Peda, Mandya Special burfi, Khova, UHT Goodlife, Goodlife Slim, Goodlife Smart. The brand Nandini has become synonym for quality milk and milk products. Milk Variants : Toned
Milk, Homogenized Cow Milk, Samrudhi Full cream Milk, Shubham
Standardized milk. |
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Brand Names : |
“NANDINI” |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
Not Divulged |
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 : |
Not Divulged |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
NOT DIVULGED
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
No |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
No |
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8 |
Designation of contact person |
No |
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9 |
Promoter’s background |
No |
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10 |
Date of Birth of Proprietor / Partners / Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
WEBSITE DETAILS:
PROFILE
Mandya district co-operative milk union limited,
registered in the year 1987 jurisdiction of Mandya District only it covered 7
Taluks, It is one of the leading milk union in the state of Karnataka. It was
registration during the year 1987, before registration Mysore and Tumkur milk
union to procure milk from Mandya district dairy co-operative societies. At the
time of registration the union procurement of milk was 99000 liter per day
through 410 dairy cooperative societies now the union is procuring 8.34 lakh
liter per day through 1184 dairy co-operative societies.
In 1988 union started
marketing about 5000 liters per day which gradually extended to about 15000
liters. There came a boon through the advent milk marketing in Bangalore city
from 1993. As on Today milk sales about 2.64 lakh liter per day.
The union undertook the work
of organization of milk co-operative in ‘AMUL Pattern’ with the main objective
of socio-economic reformation of the farmers in the rural areas through
dairying as main subsidiary occupation.
The union has 1184 functioning
dairy co-operative societies of which 518 are women societies. The union as
established 241 women dairy co-operative societies under STEP program of
government of India.
MANMUL PRODUCTS : Curds, Ghee, Butter, Skim Milk Powder, Paneer, Peda, Mandya Special burfi, Khova, UHT Goodlife, Goodlife Slim, Goodlife Smart. The brand Nandini has become synonym for quality milk and milk products.
MILK VARIANTS: Toned Milk, Homogenized Cow Milk, Samrudhi Full cream Milk, Shubham Standardized milk
MISSION AND VISION
Mandya Milk Union is
committed to socio economic development of its member milk producers by
adopting advanced technology to make dairying a profitable business by the
dedicated workmanship to provide best services to its members and consumers
thereby achieving the best position in the country.
VISION:
The vision of Mandya Milk Union is to grow in to Model Co-Operative Milk Union in the country by accomplishing our mission of assuring rural prosperity in the lives of Member milk producers in Mandya Dist.
MISSION:
·
To ensure prosperity of the rural Milk producers
who are the ultimate owners of the Federation.
·
To impart an impetus to the rural income, Dairy
productivity and rural employment.
·
To abridge the gap between price of milk procurement
and sale price.
·
To develop business acumen in marketing and trading
disciplines so as to serve consumers with quality milk, giving a fillip to the
income of milk producers.
·
To compete with the MNCs and private dairies with
the better quality of milk and milk products in the process, sustain
invincibility of cooperatives.
THEIR VALUES
·
Honest
·
Discipline/ Timeliness
·
Quality
·
Trust
·
Impartial
·
Savings
·
Transparency
OBJECTIVES
·
Providing assured and remunerative market for all the
milk produced by the farmer members and also to provide good quality Milk
and Milk Products at competitive price to urban and rural consumers. In
order to fulfil these objectives, the Union is constantly engaged in working
towards improvements of the business as well as the welfare of the producer
members. This has resulted in greater performance on commercial as well
as institutional fronts.
·
Providing hygienic milk to urban consumers.
·
To ensure provision of inputs for milk production,
processing facilities and dissemination of know how.
·
To build and develop village level institutes as
cooperative model units to manage the dairy activities.
·
To facilitate rural development by providing
opportunities for self- employment along with providing opportunity for steady
Income at village level.
·
First Aid facility at the Society level.
·
Emergency visits to treat the animals on a nominal
fee to be collected from the producers.
·
Cross breeding facility through Artificial
Insemination services at the farmers door step.
·
Technical guidance and supply of root slips/seeds
for Fodder cultivation by the members of the Co-operative Societies
·
Effective supervision/extension services through
field executives of the Union.
·
Organising exclusive women dairy co-operatives.
·
Implementing STEP program through Govt. Of India
Project.
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 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 |
INR 64.82 |
|
UK Pound |
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
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Analysis Done by
: |
PRS |
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Report Prepared
by : |
RUP |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·