|
|
|
MIRA INFORM REPORT
|
Report No. : |
495743 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VAISHVIK FOODS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S.
No. 166, Nanded Phata, Pune-Sinhgad Road, Pune - 411041, Maharashtra |
|
Tel. No.: |
91-20-24391881/ 24392372/ 24390444 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
18.01.2008 |
|
|
|
|
Com. Reg. No.: |
11-131298 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 132.395 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15490PN2008PTC131298 |
|
|
|
|
GST No.: [Goods & Service Tax
Registration No.] |
27AACCV6303Q1ZW |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm does not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV6303Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of Contract Farming,
Manufacturing, Preparing, Supplying, Trading and Selling all types of Food
Articles and its By-Products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 498600 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Vaishvik Foods Private Limited was incorporated in the year 2008. Management has failed to file its financial with Registrar of
companies for the year 2017. As per the available financial record of 2015, the revenue of the
company has increased by 12% along with low profit margin of 0.22%. The moderate financial profile of the company is marked by low reserve
base as compared to its capital along with comfortable debt coverage
indicators. Rating is constrained on account of absence of latest financials. However, rating weakness is partially offset by equity infused by its
promoters. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. NOTE: As per the Registrar
of Companies date of balance sheet [i.e. financial filed] is shown as
31.03.2016 but documents related to financial for the year 31.03.2016 are not
available from any sources. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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 07.03.2018
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.
LOCATIONS
|
Registered Office : |
S. No. 166, Nanded Phata,
Pune-Sinhgad Road, Pune - 411041, Maharashtra, India |
|
Tel. No.: |
91-20-24391881/ 24392372/ 24390444 |
|
Fax No.: |
91-20-24390700 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Shekhar Raghunath Kale |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
6, Deshmukh Colony, Satara 415001, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.04.1968 |
||||||||||||||||||||||||||||||||
|
Qualification : |
Dairy Technologist from Dairy Science Institute Mumbai |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.01.2008 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AHFPK8366H |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00939890 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Vaishali Vikas Dangat |
||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 1101, Silver Leaf, Phase II Building, B CTS 1048/3 F. No. 438/3, S'ngr / Model Colony, Pune 411005, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
10.10.2017 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01272200 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vikas Dattatray Dangat |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 1101, Silver Leaf, Phase II Building, B CTS 1048/3 F. No. 438/3 S'ngr / Model Colony, Pune 411005, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
18.11.1965 |
||||||||||||||||||||||||||||||||
|
Qualification : |
Diploma in Mechanical Engineering |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.01.2008 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AEPPD4844L |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01763131 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Vidula Dattatray Ghodke |
||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||
|
Address : |
58/546, Gokhale Nagar, Pune 411016, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.06.1972 |
||||||||||||||||||||||||||||||||
|
Qualification : |
D.E.E |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.01.2008 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
AJUPG3553D |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01879811 |
||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rahul Shrikant Palange |
||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||
|
Address : |
202 Amar Preet Vaidwadi, Hadapsar, Pune 411013, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.12.1985 |
||||||||||||||||||||||||||||||||
|
Qualification : |
B.S.C ( IT) |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2010 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
ATAPP4637K |
||||||||||||||||||||||||||||||||
|
DIN No.: |
02897299 |
||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Vikas Dattatray Dangat |
|
4844235 |
|
Vidula Dattatray Ghodke |
|
521040 |
|
Rahul Shrikant Palange |
|
317625 |
|
S.V. Modular Conveyors Private Limited |
|
1932270 |
|
Vinayak Ghodke |
|
42500 |
|
Vaishali Dangat |
|
33937 |
|
Nanda Ghodke |
|
33750 |
|
Vijaya Dangat |
|
30000 |
|
Nanda Dangat |
|
30000 |
|
Dattatray Dangat |
|
30000 |
|
Avinash Dangat |
|
30000 |
|
Nexgen Drying Systems Private Limited |
|
25000 |
|
Santosh Gosari |
|
5000 |
|
Pranav Dangat |
|
1250 |
|
Shekhar Kale |
|
300 |
|
Balu Giri |
|
300 |
|
|
|
|
|
Total |
|
7877207 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
68.54 |
|
Public/Other than promoters – Individual/ Hindu Undivided Family
– Indian |
6.61 |
|
Public/Other than promoters - Body Corporate |
24.85 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of Contract Farming,
Manufacturing, Preparing, Supplying, Trading and Selling all types of Food
Articles and its By-Products. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Not Available |
|
|
|
|
Purchasing : |
Not Available |
PRODUCTION STATUS (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Andhra Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Paresh K Shah and Company Chartered Accountants |
|
Address : |
Prestige Point Office 76 and 89, 2nd Floor, 283 Shukrawar Peth, Opposite Chinchechi Talim, Pune-411002, Maharashtra, India |
|
PAN No.: |
AAJFT2190D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Group Companies : [S V Group Companies – Website – Indirect Sources] |
· S.V. Modular Conveyors · Ultra Precision Spindles · Nexgen Drying Systems · 3P Solutions · VSS Technosolutions · Global Exteriors |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7877207 |
Equity Shares |
INR 10/- each |
INR 78.772
Million |
|
|
|
|
|
AS ON 31.03.2015
Authorised Capital : Not Divulged
Issued, Subscribed & Paid-up Capital : INR 132.395
Million
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
132.395 |
119.895 |
119.895 |
|
(b) Reserves & Surplus |
42.144 |
21.674 |
29.838 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.178 |
|
Total
Shareholders’ Funds (1) + (2) |
174.539 |
141.569 |
149.911 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
101.591 |
115.967 |
93.337 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
1.796 |
|
(c)
Other long term liabilities |
6.948 |
10.791 |
20.185 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
108.539 |
126.758 |
115.318 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
135.985 |
115.114 |
36.104 |
|
(b)
Trade payables |
16.384 |
22.906 |
5.195 |
|
(c)
Other current liabilities |
54.731 |
29.494 |
12.584 |
|
(d)
Short-term provisions |
0.631 |
0.000 |
0.820 |
|
Total
Current Liabilities (4) |
207.731 |
167.514 |
54.703 |
|
|
|
|
|
|
TOTAL |
490.809 |
435.841 |
319.932 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
232.689 |
260.101 |
90.290 |
|
(ii)
Intangible Assets |
0.122 |
0.474 |
0.000 |
|
(iii)
Capital work-in-progress |
1.164 |
0.614 |
154.021 |
|
(iv) Intangible assets under development |
7.239 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.043 |
0.036 |
0.026 |
|
(c) Deferred tax assets
(net) |
2.622 |
3.437 |
0.000 |
|
(d) Long-term Loan
and Advances |
9.147 |
13.293 |
15.196 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
253.026 |
277.955 |
259.533 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
72.427 |
53.453 |
19.828 |
|
(c)
Trade receivables |
90.229 |
68.630 |
23.342 |
|
(d)
Cash and cash equivalents |
2.481 |
2.337 |
2.512 |
|
(e)
Short-term loans and advances |
24.048 |
11.240 |
6.255 |
|
(f)
Other current assets |
48.598 |
22.226 |
8.462 |
|
Total
Current Assets |
237.783 |
157.886 |
60.399 |
|
|
|
|
|
|
TOTAL |
490.809 |
435.841 |
319.932 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
261.790 |
233.724 |
|
|
|
|
Other Income |
25.751 |
14.714 |
|
|
|
|
TOTAL (A) |
287.541 |
248.438 |
139.833 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
153.320 |
158.302 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(11.356) |
(26.449) |
|
|
|
|
Employees benefits expense |
27.347 |
20.333 |
|
|
|
|
Other expenses |
45.810 |
63.993 |
|
|
|
|
TOTAL (B) |
215.121 |
216.179 |
130.778 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
72.420 |
32.259 |
[Including
Financial Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
34.308 |
22.514 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38.112 |
9.745 |
9.055 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
35.593 |
23.176 |
5.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
2.519 |
(13.431) |
3.692 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.936 |
(5.267) |
2.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.583 |
(8.164) |
1.645 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
85.144 |
116.000 |
46.796 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
0.09 |
(1.63) |
0.14 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
5.822 |
(38.748) |
(5.673) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
4.702 |
(38.748) |
(5.673) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
125.80 |
107.18 |
NA |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.90 |
3.41 |
NA |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
39.00 |
52.81 |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.00 |
0.60 |
0.46 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.30 |
0.12 |
0.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.63 |
0.65 |
0.46 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.36 |
1.63 |
0.86 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.19 |
1.18 |
0.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.38 |
1.84 |
1.63 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.11 |
1.43 |
NA |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.22 |
(3.49) |
NA |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.12 |
(1.87) |
0.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.33 |
(5.77) |
1.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.14 |
0.94 |
1.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.80 |
0.62 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.36 |
0.32 |
0.47 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.79 |
1.93 |
1.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.14 |
0.94 |
1.10 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
119.895 |
119.895 |
132.395 |
|
Reserves & Surplus |
29.838 |
21.674 |
42.144 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.178 |
0.000 |
0.000 |
|
Net worth |
149.911 |
141.569 |
174.539 |
|
|
|
|
|
|
Long-term borrowings |
93.337 |
115.967 |
101.591 |
|
Short term borrowings |
36.104 |
115.114 |
135.985 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
129.441 |
231.081 |
237.576 |
|
Debt/Equity ratio |
0.863 |
1.632 |
1.361 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
139.833 |
248.438 |
287.541 |
|
|
|
77.668 |
15.740 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
139.833 |
248.438 |
287.541 |
|
Profit/ (Loss) |
1.645 |
(8.164) |
0.583 |
|
|
1.18% |
-3.29% |
0.20% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C68911189 |
10597906 |
ANDHRA BANK |
23/09/2015 |
12/10/2015 |
- |
460700000.0 |
598 & 598 A, SACHAPIR STREET ,CAMPPUNEMH411001IN |
|
2 |
B24980302 |
10316787 |
THE SARASWAT CO - OPERATIVE BANK LIMITED |
20/10/2011 |
- |
- |
795000.0 |
2ND FLOOR, F.C.ROAD BRANCH, RASECGANESHWADI,OPP. VAISHALI HOTEL SHIVAJI NAGARPUNEMH411004IN |
|
3 |
C66940685 |
10384337 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
20/10/2012 |
03/12/2012 |
30/09/2015 |
1100000.0 |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD SANGAMWADIPUNEMH411003IN |
|
4 |
C66944067 |
10326282 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
12/12/2011 |
- |
30/09/2015 |
4800000.0 |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD, SANGANWADI,,PUNEMH411003IN |
|
5 |
C66930777 |
10326277 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
12/12/2011 |
09/05/2013 |
30/09/2015 |
42500000.0 |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD SANGAMWADIPUNEMH411003IN |
|
6 |
C66946195 |
10394717 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
14/12/2012 |
- |
30/09/2015 |
8900000.0 |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD SANGAMWADIPUNEMH411003IN |
|
7 |
C66949397 |
10384336 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
20/10/2012 |
29/10/2012 |
30/09/2015 |
47700000.0 |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD SANGAMWADIPUNEMH411003IN |
|
8 |
C66933268 |
10326278 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
12/12/2011 |
- |
30/09/2015 |
20700000.0 |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD, SANGANWADI,,PUNEMH411003IN |
|
9 |
C66945098 |
10384344 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
20/10/2012 |
30/03/2013 |
30/09/2015 |
1200000.0 |
C-2,KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY,PLOT NO.12,MULA ROAD,SANGAMWADIPUNEMH411003IN |
|
10 |
C66953373 |
10496944 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
29/03/2014 |
- |
30/09/2015 |
30000000.0 |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY,PLOT NO. 12, MULA ROAD, SANGAMWADI,PUNEMH411003IN |
|
11 |
C66824517 |
10564526 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
20/03/2015 |
- |
30/09/2015 |
20000000.0 |
C-2 KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY,PLOT NO.12, MULA ROAD, SANGAMWADI,PUNEMH411003IN |
|
12 |
C66955444 |
10326280 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
12/12/2011 |
- |
30/09/2015 |
25900000.0 |
C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETYPLOT NO. 12, MULA ROAD, SANGANWADI,,PUNEMH411003IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (INR
In Million) |
31.03.2014 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
NA |
27.588 |
|
|
|
|
|
Total |
NA
|
27.588 |
THE STATE OF COMPANY
AFFAIRS
Vaishvik Foods Private Limited is a Private Company incorporated in the year 18/01/2008. The company is in the business of contract farming, manufacturing, preparing, supplying, trading, buying and selling all types of food articles and its by-products. The revenue from operations and overall profitability during the current financial year have increased. The directors are working hard on improving the product quality and increasing the sales and distribution and are expecting similar performance in the coming years.
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 |
INR 64.99 |
|
UK Pound |
1 |
INR 89.91 |
|
Euro |
1 |
INR 80.21
|
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
BVA |
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.