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MIRA INFORM REPORT
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Report No. : |
488770 |
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Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
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Name : |
SUGUNA FOODS PRIVATE LIMITED (w.e.f. 15.06.2015) |
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Formerly Known
As : |
SUGUNA FOODS LIMITED (w.e.f. 28.03.2012) SUGUNA POULTRY FARM LIMITED (w.e.f.01.07.2000) SUGUNA POULTRY FARM PRIVATE LIMITED |
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Registered
Office : |
5th
Floor, Jaya Enclave, 1057, |
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Tel. No.: |
91-422-3073000/ 3073100/
4392503/ 5392504/ 5392505/ 4343000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
23.03.1994 |
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Com. Reg. No.: |
18-004951 |
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Capital
Investment / Paid-up Capital : |
INR 580.300 Million |
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CIN No.: [Company Identification
No.] |
U01222TZ1994PTC004951 |
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IEC No.: |
3295001022 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CMBS03633A |
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PAN No.: [Permanent Account No.] |
AADCS0655F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of poultry farms and hatcheries, poultry feed manufacturing, sale of chicks, birds, eggs, poultry meat product, soya meal, dairy milk and poultry equipments. (Registered Activity) |
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No. of Employees
: |
Not Divulged [We tried to
confirm the number of employees but no one is ready to part any information
from the company management] |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Maximum Credit Limit : |
USD 19260000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Suguna Holdings Private Limited” and was incorporated in the year 1994. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources. As per available financials of 2016, the company has increased its revenue from operation as compared to previous year but reported minimal profitability margin of 0.04%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and average debt balance sheet. Further, rating also reflects from its large scale of operations with strong operating efficiencies aided by geographical diversification along with significant experience of the promoter and established brand name as well as track business operation and healthy improvement in the revenue profile during the year. However, rating strength is partially offset by inherent risks in poultry business which is exposed to diseases such as Avian Influenza (bird-flu) outbreaks and sharply declined in the profitability during the years. Trade relations are reported as fair. Business is active. Payments terms are seem to be regular. In view of the aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Information regarding No. of Employee, Export and Payments Terms
and Customers are not available from any sources and management also denied
to provide the information on the same. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
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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
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Rating Agency Name |
ICRA |
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Rating |
Long term rating = BBB+ |
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Rating Explanation |
Moderate degree of safety and moderate credit risk. |
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Date |
22.09.2017 |
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Rating Agency Name |
ICRA |
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Rating |
Short term rating = A2 |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
22.09.2017 |
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 31.01.2018
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
|
Name : |
Mr. Ram Chandran |
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Designation : |
Purchase Manager |
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Contact No.: |
91-9344412130 |
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Date : |
29.01.2018 |
LOCATIONS
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Registered Office / Corporate Office/ Factory 1: |
5th Floor, Jaya Enclave, 1057, Avinashi Road, Coimbatore - 641018, Tamilnadu, India |
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Tel. No.: |
91-422-3073000/
3073100/ 4392503/ 5392504/ 5392505/ 4343000 |
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Mobile No.: |
91-9344412130 (Mr. Ram Chandran) |
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Fax No.: |
91-422-3073333/ 5392507 |
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E-Mail : |
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Website : |
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Broiler Offices : |
Located at: ·
· Anand · Bangalore · Pune ·
·
· Orissa · Jaipur ·
Udumalpet ·
·
· Kolkata |
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Layer Offices : |
Located at: ·
·
· Hospet · Chitradurga · Pune · Mohali · Nammakkal |
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Factory 2 : |
R.S No. 124/3, Thirubuvanai Palayam Road, Thirubuvanai, Near FCI Godown, Villupuram Highway, Puducherry-605107, (Union Territory), India |
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Parent Stock : |
25, Nehru Street Extension, Udumalpet - 642126, Tamilnadu, India, |
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Tel. No.: |
91-4252-3321661/771/881 |
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E-Mail : |
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Hatching Eggs
Division : |
25, Nehru Street Extension, Udumalpet - 642126, Tamilnadu, India, |
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Tel. No.: |
91-4252-3321661/771/881 |
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E-Mail : |
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Soya Division : |
Mauza – Thambhari, Village- Wani, N.H.NO.7 (NGP-HYD Highway), Hinganghat, Wardha – 442301, Maharashtra, India |
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Tel. No.: |
91-7153-302400 |
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Fax No.: |
91-7153-302407 |
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E-Mail : |
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Corn Division : |
J2/203 Green Wood Regency, Near Wipro Campus, Shajurpur Road, Kai Kondanahalli, Bangalore - 560035, Karnataka, India |
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Tel. No.: |
91-80-32555231 |
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Fax No.: |
91-80-41508915 |
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E-Mail : |
DIRECTORS
As on 31.03.2017
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Name : |
Mr. Ganapathypalayam Bangarusamy
Soundararajan |
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Designation : |
Managing Director |
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Address : |
Site No.4, East End, Kallimadai Road,
Singanallur, Coimbatore – 641 005, Tamilnadu, India |
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Date of
Birth/Age : |
12.04.1963 |
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Qualification : |
School Level |
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Date of
Appointment : |
23.04.2003 |
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PAN No.: |
AIZPS4778C |
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DIN No.: |
00062984 |
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Other
Directorship :
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Name : |
Mr. Selvam |
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Designation : |
Whole-Time Director |
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Address : |
422C, Gandhipuram, Udumalpet – 642126, Tamilnadu, India |
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Date of Birth/Age : |
02.04.1964 |
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Date of Appointment : |
06.07.2013 |
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PAN No.: |
BTWPS6341E |
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DIN No.: |
06584392 |
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Name : |
Mr. Bangarusamy Soundararajan |
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Designation : |
Director |
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Address : |
No.7, Rain Tree Shire Parsn Sesh Nestle Apartments,
Nanjundapuram, Coimbatore – 641 036, Tamilnadu, India |
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Date of
Birth/Age : |
12.04.1961 |
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Date of
Appointment : |
30.10.2012 |
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PAN No.: |
AIZPS4806P |
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DIN No.: |
00063462 |
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Other
Directorship :
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Name : |
Mr. Srikanth Srinivasan |
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Designation : |
Director |
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Address : |
No.277, 6th BMN, HMT LYT, RT Nagar, Bangalore – 560032,
Karnataka, India |
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Date of Birth/Age : |
03.04.1972 |
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Date of Appointment : |
11.08.2014 |
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DIN No.: |
00084104 |
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Other
Directorship :
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Name : |
Mr. Sundararajan Sathya |
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Designation : |
Director |
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Address : |
Site No.4, East End, Kallimadai Road, Coimbatore South, Singanallur,
Coimbatore-641005, Tamilnadu, India |
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Date of Appointment : |
24.03.2015 |
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PAN No.: |
EYHPS3419G |
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DIN No.: |
02959899 |
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Name : |
Bijou Kurien |
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Designation : |
Director |
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Address : |
#33/2, Grant Road, Bangalore-560001, Karnataka, India |
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PAN No.: |
08.09.2017 |
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DIN No.: |
01802995 |
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Other
Directorship :
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Note:
· Designation of the directors has been updated as per the latest government registry records.
·
As per our previous database records, Mr. Koyambedu
Subramani Ramesh and Mr. Deenadayalan Singaram was the directors of the company, however, they does not appear in the
current government registry records and the same could not be confirmed with
the management as well.
KEY EXECUTIVES
|
Name : |
Mr. Kannan Subramanian |
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Designation : |
Chief Finance Officer |
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Address : |
3TA, Jain Sri Venkateshwara Apartments, Ramanujam Nagar, Kamarajar Road, Coimbatore - 641015, Tamilnadu, India |
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Date of Appointment : |
24.09.2014 |
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PAN No.: |
AJLPK2137N |
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Name : |
Mr. Karthikeyan V |
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Designation : |
Company Secretary |
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Address : |
No.5C, Periyar Street, 4th Cross, Ramakrishnapuram, Ganapathy, Coimbatore - 641006, Tamilnadu, India |
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Date of Birth/Age : |
29.02.1980 |
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Date of Appointment : |
17.08.2012 |
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PAN No.: |
AVBPK9518K |
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|
Name : |
Mr. Ram Chandran |
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Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
SHAREHOLDING AND ALLOTTEES DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 08.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
99.49 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.50 |
|
Public/Other than promoters (Body corporate) |
0.01 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of poultry farms and hatcheries, poultry feed manufacturing, sale of chicks, birds, eggs, poultry meat product, soya meal, dairy milk and poultry equipments. (Registered Activity) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged [We tried to confirm
the number of employees but no one is ready to part any information from the
company management] |
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Bankers : (As on 2017) |
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Facilities : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Shanmuga Mandaram, 41, Race Course Road, Coimbatore - 641018, Tamilnadu, India |
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Income-tax
PAN of auditor or auditor's firm : |
AACFD3771D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding company : |
Suguna Holdings Private Limited CIN No.: U65993TZ2008PTC014318 |
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Wholly owned
subsidiary : (As on 2016) |
Ocean Feeds Private Limited, Sri Lanka |
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Enterprises
significantly influenced by directors and / or their relatives: (As on 2016) |
· Suguna Foundation · Suguna Capital Ventures Private Limited · Globion India Private Limited · Aminovit Private Limited, Sri Lanka · Bovian Healthcare Private Limited · Suguna Foods and Feeds Bangladesh Private Limited, Bangladesh
|
CAPITAL STRUCTURE
As on 08.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34000000 |
Equity Shares |
INR 10/- each |
INR 340.000 Million |
|
1400000 |
Preference Shares |
INR 300/- each |
INR 420.000 Million |
|
|
Total |
|
INR 760.000
Million |
Issued:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16360036 |
Equity Shares |
INR 10/- each |
INR 163.600 Million |
|
1389385 |
Preference Shares |
INR 300/- each |
INR 416.815 Million |
|
|
Total |
|
INR 580.415
Million |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16352778 |
Equity Shares |
INR 10/- each |
INR 163.528 Million |
|
1389385 |
Preference Shares |
INR 300/- each |
INR 416.815 Million |
|
|
Total |
|
INR 580.343
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
580.300 |
349.500 |
428.500 |
|
(b) Reserves & Surplus |
6160.600 |
5867.900 |
5893.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
6740.900 |
6217.400 |
6321.500 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2760.100 |
1356.300 |
1709.800 |
|
(b) Deferred tax liabilities (Net) |
658.400 |
636.300 |
717.900 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
24.300 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
3418.500 |
1992.600 |
2452.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
8829.600 |
9092.900 |
8002.500 |
|
(b) Trade
payables |
3065.600 |
3013.600 |
2789.800 |
|
(c) Other
current liabilities |
1002.300 |
1024.400 |
1101.400 |
|
(d) Short-term
provisions |
28.300 |
15.800 |
12.700 |
|
Total Current
Liabilities (4) |
12925.800 |
13146.700 |
11906.400 |
|
|
|
|
|
|
TOTAL |
23085.200 |
21356.700 |
20679.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5863.500 |
6177.200 |
6653.400 |
|
(ii)
Intangible Assets |
25.100 |
38.500 |
49.700 |
|
(iii) Capital
work-in-progress |
300.000 |
94.800 |
19.400 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
335.700 |
370.900 |
308.500 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
6524.300 |
6681.400 |
7031.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
17.800 |
17.800 |
16.200 |
|
(b)
Inventories |
15138.800 |
13539.100 |
12534.500 |
|
(c) Trade
receivables |
579.100 |
473.500 |
303.600 |
|
(d) Cash
and cash equivalents |
505.800 |
413.400 |
642.200 |
|
(e)
Short-term loans and advances |
317.900 |
179.400 |
147.200 |
|
(f) Other
current assets |
1.500 |
52.100 |
5.200 |
|
Total
Current Assets |
16560.900 |
14675.300 |
13648.900 |
|
|
|
|
|
|
TOTAL |
23085.200 |
21356.700 |
20679.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation |
57720.300 |
54782.000 |
51365.600 |
|
|
|
Other Income |
27.500 |
20.100 |
22.500 |
|
|
|
TOTAL |
57747.800 |
54802.100 |
51388.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
47009.200 |
44732.200 |
43410.600 |
|
|
|
Purchases of Stock-in-Trade |
93.700 |
150.700 |
137.700 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1015.200) |
(1363.000) |
(2321.000) |
|
|
|
Employees benefits expense |
1434.200 |
1352.600 |
1191.100 |
|
|
|
CSR Expenditure |
6.000 |
11.100 |
-- |
|
|
|
Other expenses |
8326.900 |
7749.900 |
7158.300 |
|
|
|
TOTAL |
55854.800 |
52633.500 |
49576.700 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1893.000 |
2168.600 |
1811.400 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1319.300 |
1212.000 |
1018.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
573.700 |
956.600 |
793.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
516.600 |
544.200 |
489.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
57.100 |
412.400 |
303.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
33.600 |
43.100 |
118.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
23.500 |
369.300 |
185.200 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4555.600 |
4389.900 |
4280.400 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
78.900 |
78.900 |
|
|
|
Dividend |
0.000 |
89.400 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
35.300 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4579.100 |
4555.600 |
4386.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
831.600 |
582.700 |
634.200 |
|
|
TOTAL EARNINGS |
831.600 |
582.700 |
634.200 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3815.600 |
2869.700 |
2449.500 |
|
|
|
Components and Stores parts |
107.800 |
173.400 |
138.700 |
|
|
|
Capital Goods |
98.900 |
2.100 |
47.500 |
|
|
TOTAL IMPORTS |
4022.300 |
3045.200 |
2635.700 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (INR) |
|
|
|
|
|
|
Basic |
1.18 |
21.62 |
11.11 |
|
|
|
Diluted |
0.17 |
21.62 |
11.11 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
766.000 |
789.800 |
888.100 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
25.300 |
1045.600 |
(303.100) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
3.66 |
3.15 |
2.16 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
99.67 |
115.70 |
169.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
23.76 |
24.51 |
23.38 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.13 |
0.16 |
0.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.31 |
0.34 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.72 |
0.70 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.83 |
1.81 |
1.68 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.92 |
2.11 |
1.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.92 |
1.01 |
1.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.43 |
1.79 |
1.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.04 |
0.67 |
0.36 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.10 |
1.73 |
0.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.35 |
5.94 |
2.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.28 |
1.12 |
1.15 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.11 |
0.09 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.29 |
0.29 |
0.31 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
21.29 |
32.16 |
24.74 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.28 |
1.12 |
1.15 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Share Capital |
428.500 |
349.500 |
580.300 |
|
Reserves & Surplus |
5893.000 |
5867.900 |
6160.600 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6321.500 |
6217.400 |
6740.900 |
|
|
|
|
|
|
long-term borrowings |
1709.800 |
1356.300 |
2760.100 |
|
Short term borrowings |
8002.500 |
9092.900 |
8829.600 |
|
Current maturities of
long-term debts |
888.100 |
789.800 |
766.000 |
|
Total
borrowings |
10600.400 |
11239.000 |
12355.700 |
|
Debt/Equity
ratio |
1.677 |
1.808 |
1.833 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
51365.600 |
54782.000 |
57720.300 |
|
|
|
6.651 |
5.364 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
51365.600 |
54782.000 |
57720.300 |
|
Profit |
185.200 |
369.300 |
23.500 |
|
|
0.36% |
0.67% |
0.04% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
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 |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
The Company was incorporated on March 23, 1994 as a private limited company in the name of Suguna Poultry Farm Private Limited. On July 1, 2000, the company was converted into a public limited company and the name was changed to Suguna Poultry Farm Limited. Subsequently with effect from March 28, 2012, the name of the company was changed to Suguna Foods Limited. The Company is public unlisted closely held company. The company is engaged in the business of poultry farms and hatcheries, poultry feed manufacturing, sale of chicks, birds, eggs, poultry meat product, soya meal, dairy milk and poultry equipments.
PERFORMANCE REVIEW
The Company had achieved a turnover of INR 57747.800 Million during the financial year from 1st April, 2015 to 31st March, 2016. This shows an increase of INR 2945.700 million over the achieved turnover of INR 54802.100 million for the previous period 1st April 2014 to 31st March 2015. Profit after tax, for the period was INR 23.500 million as against INR 369.300 million for the previous period 01st April 2014 to 31st March 2015.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
1036.000 |
2144.000 |
|
Loans and advances from related parties |
2.500 |
2.500 |
|
Total |
1038.500 |
2146.500 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G44027142 |
100098112 |
THE SOUTH INDIAN BANK LIMITED |
29/03/2017 |
- |
- |
500000000.0 |
R S PURAM BRANCH COIMBATORE-641002 TAMILNADU, INDIA |
|
2 |
G36891372 |
100079636 |
HDFC BANK LIMITED |
30/01/2017 |
- |
- |
250000000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI-400013, MAHARASHTRA INDIA |
|
3 |
G29961943 |
100066161 |
Indian Bank |
05/11/2016 |
- |
- |
500000000.0 |
22 & 23, SAROJINI STREET RAM NAGAR COIMBATORE-641009 TAMILNADU, INDIA |
|
4 |
C78136199 |
10618274 |
Bank of Baroda |
01/02/2016 |
- |
- |
500000000.0 |
COIMBATORE MAIN BRANCH, 82, BANK ROAD GROUND FLOOR COIMBATORE-641018 TAMILNADU, INDIA |
|
5 |
G44888519 |
10608552 |
Bank of Baroda |
21/12/2015 |
22/05/2017 |
- |
1000000000.0 |
COIMBATORE MAIN BRANCH, 82, BANK ROAD GROUND FLOOR COIMBATORE-641018 TAMILNADU, INDIA |
|
6 |
C69551596 |
10569425 |
Oriental Bank of Commerce |
11/05/2015 |
25/09/2015 |
- |
225200000.0 |
1057 JAYA ENCLAVEAVINASHI ROAD COIMBATORE-641018 TAMILNADU, INDIA |
|
7 |
C31754856 |
10528394 |
Axis Bank Limited |
16/10/2014 |
- |
- |
67500000.0 |
NO; 1133,1135-1136, AVINASHI ROADP N PALAYAM COIMBATORE-641037 TAMILNADU, INDIA |
|
8 |
G53521126 |
10515817 |
Union Bank of India |
01/08/2014 |
24/08/2017 |
- |
1250000000.0 |
FIRST FLOOR, MID CORPORATE BRANCH235, OPPANAKARA STREET COIMBATORE-641001 TAMILNADU, INDIA |
|
9 |
C72682719 |
10206899 |
Central Bank of India |
02/03/2010 |
28/11/2015 |
- |
1250000000.0 |
830, CROSS CUT ROAD GANDHIPURAM COIMBATORE-641012 TAMILNADU, INDIA |
|
10 |
G18199984 |
10122372 |
STATE BANK OF MYSORE |
29/08/2008 |
30/09/2016 |
- |
530000000.0 |
1284-1285 R.G. STREET COIMBATORE-641001 TAMILNADU, INDIA |
CONTINGENT LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
Claims against the Company not acknowledged as debts |
16.000 |
7.300 |
|
Other money for which company is contingently liable |
70.300 |
37.400 |
|
Total |
86.300 |
44.700 |
FIXED ASSETS
Tangible Assets
- Land
- Building
- Plant and
Machinery
- Furniture and
Fittings
- Computer and
- Accessories
- Vehicles
- Agri
Equipments
Intangible Assets
- Computer
- Software
- Goodwill
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
|
INR |
|
US Dollar |
1 |
INR 63.50 |
|
|
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.