SPECIAL REPORT
================
| D&B D-U-N-S |
: 80-117-5127 |
| COMPANY NAME |
: MAUI BAY CORPORATION |
| ADDRESS |
: 1st Floor,
Oriental Building (East)
3rd Avenue, Oliver
Street,
Chennai 600040
Tamilnadu
India |
| TELEPHONE |
: (91) (44) (4992060) |
| FAX |
: (91) (44) (4992161) |
| WEB PAGE |
: mauibc@vsnl.com |
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INDICATIVE RISK SCORE
: S2 CONDITION
: Good
-------------------------------------------------------------------
REGISTRATION #
: 25-18186
START YEAR
: 1993
CONTROL YEAR
: 1993
HISTORY
: Clear
EMPLOYEES (Total)
: 200
EXPORTS
: Yes
SALES
: INR 502,379(in Thousands)
NET WORTH (Tangible)
: INR 35,564(in Thousands)
AUTHORIZED CAPITAL
: INR 50,000,000
ISSUED CAPITAL
: INR 11,961,000
PAID-UP CAPITAL
: INR 11,961,000 |
------------------------------------------------------------------------------
CHIEF EXECUTIVE
: Edward Gomes
Managing Director
--------------------------------------------------------------------------
SIC 1998-2097
LOB Prepares food additives,
frozen
-------------------------------------------------------------------------------
CURRENT INVESTIGATION
-----------------------------------------------------------------------------
On 26/May/1999, Mr Edward Gomes,
Managing Director, confirmed all information in
this report .
FINANCE
-----------------------------------------------------------------------------
Comparative Figures(in
Thousands of Indian Rupee)
Date
31/3/1997 31/3/1998
31/3/1999
------------------------------------------------------------
Fiscal
Fiscal
Fiscal
Current:
Assets
56,175
60,506
88,059
Liabilities
50,124
65,438
90,718
------------------------------------------------------------
Working Cap.
6,051
-4,932
-2,659
Other :
Tangible Assets
28,033
46,791
47,614
Liabilities
9,681
14,115
9,391
------------------------------------------------------------
Net Worth
24,403
27,744
35,564
------------------------------------------------------------
Annual Sales
431,090
372,713
502,379
Profit After Tax
6,753
5,205
7,182
Inventory
32,970
44,023
60,441
Cash & Bank
4,467
5,573
10,600
A/Cs Receivable
8,642
5,069
8,212
Fixed Assets
28,032
46,790
47,613
A/Cs Payable
19,780
20,241
29,069
Fiscal Balance Sheet as of
31/3/1999 (in Indian Rupee/Thousands)
Cash & Bank
10,600 Accounts Payable
29,069
Inventory
60,441 Bank Overdraft
45,097
Accounts Receivable
8,212 Prov. Income Tax
160
Loans & Advances
8,806 Prov. Dividends
1,892
----------- Other Current
TOTAL CURRENT ASSETS
88,059 Liabilities
14,500
-----------
-----------
TOTAL CURRENT LIAB
90,718
Land & Buildings
22,169
-----------
Plant & Equipment
17,715
Transportation Vehicles
6,535 Loans Secured
1,815
Furniture Fixtures &
Loans Unsecured
1,500
Fitting
285 Bank Loans
4,926
Office Equipment
377 Due to Directors
Other Fixed Assets
532 Shareholders
1,150
-----------
-----------
TOTAL FIXED ASSETS
47,613 TOTAL NON-CURRENT LIAB
9,391
-----------
-----------
Investment
1 Capital
11,961
----------- General Reserves
4,238
TOTAL INVESTMENTS
1 Surplus (Deficit)
19,447
-----------
-----------
TOTAL EQUITY
35,646
Preliminary Expenses
82
-----------
-----------
TOTAL INTANGIBLES
82
-----------
-----------
-----------
TOTAL ASSETS
135,755 TOTAL LIAB & EQUITY
135,755
-----------
-----------
Profit & Loss Account
Figures in Thousands of Indian
Rupee
Date
31/3/1997 31/3/1998
31/3/1999
No. of Months
(12)
(12)
(12)
Fiscal Fiscal
Fiscal
Sales
431,090 372,713
502,379
Less: Cost of Sales
-383,254 -328,651
-454,387
Gross Profit
47,836 44,062
47,992
Operating Expenses
-32,062 -28,857
-29,360
Net Operating Profit
(Loss)
before Taxation
15,774 15,205
18,632
Other Income
73
Less: Other Expenses
-8,094 -9,850
-11,290
Net Profit(Loss) before
Tax 7,753
5,355 7,342
Net Operating Profit
before Tax and
after Extraordinary
Items
7,753 5,355
7,342
Income Tax
-1,000
-150
-160
Net Profit(Loss) after
Tax
6,753 5,205
7,182
Net Profit After Tax
and
Extraordinary Items
6,753 5,205
7,182
Less: Dividends
-1,676 -1,873
-1,893
Less: Transfer to Reserves
-1,000 -1,000
-1,000
Plus (Minus) Retained
Earnings (Loss) b/f
8,749 12,826
15,158
Retained Earnings (Loss)
c/f 12,826
15,158 19,447
Accounts are audited
by M/s. Ventakesh & Co..
1997 1998
1999
---- ----
----
GROWTH TREND
------------
Sales Growth (%)
- -13.54
34.79
Net Profit Growth (%)
- -
37.98
SOLVENCY
--------
Current Ratio
1.12 0.92
0.97
Quick Ratio
0.26 0.16
0.20
Total Liabilities to
Net Worth Ratio (%) 245.07
286.73 281.49
EFFICIENCY
----------
Collection Period (Days)
7 4
5
Sales to Inventory (Times)
13 8
8
PROFITABILITY
-------------
Return on Sales (%)
1.56 1.39
1.43
Return on Equity (%)
27.67 18.76
20.19
BANK
--------------------------------------------------------------------------------
Information in this report
may not represent the full extent of subject's bank
Banking relations are maintained
principally with:-
NAME
: State Bank of Maui Bay
BRANCH
: Overseas
ADDRESS
: 39, St. Bose Street
Chennai Tamilnadu
600001 India
COMPANY PROFILE
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LEGAL STRUCTURE
: Public Limited Liability Company
REGISTERED
: 15 Jun 1978
REGISTRATION BODY
: Registry of Companies and Businesses
FILE NUMBER
: 25-18186
Tamil Nadu
India
LAST AGM DATE
: 29/Sep/1999
LAST FINANCIAL STATEMENT
DATE : 31/Mar/1999
Registry details provided by
management of subject
CAPITAL DETAILS
-----------------------------------------------------------------------------
AUTHORIZED CAPITAL
: INR 50,000,000.00
ISSUED CAPITAL
: INR 11,961,000.00
PAID-UP CAPITAL
: INR 11,961,000.00 as of 31/Mar/2000
ORDINARY SHARES
: INR 11,961,000.00 at par value 10.00
SHAREHOLDER(S)
-----------------------------------------------------------------------------
The following details
represents the Full Shareholders List.
ORDINARY SHARES
Name of Shareholder
% Held
-------------------
------
Mr K R Mayalagu & Family
100
Shareholdings as at
: 31 Mar 2000
EXECUTIVES
-------------------------------------------------------------------------
Name
: Edward Gomes
Year Of Birth
: 1952
Current Title
: Managing Director
Related Experience
since : 1982.
Active in daily operations
: Yes
Name
: Mrs. Gomes
Year Of Birth
: 1957
Current Title
: Chairman
Related Experience
since : 1990.
Active in daily operations
: Yes
Name
: Mr. Chidambaram
Current Title
: Executive Director
Education
: Graduated from university
Masters of Business Administration
OPERATIONS
----------
AGENCIES HELD - BRAND
NAME
--------------------------
Brand Name
: MaBai
PURCHASES
---------
LOCAL
: 100 %
PURCHASING TERMS
----------------
LOCAL PURCHASE TERMS
Cash on Delivery
SALES TERRITORY
---------------
LOCAL
: 85 %
INTERNATIONAL
: 15 %
EXPORTS TO:-
Morroco
85%
SELLING TERMS
-------------
LOCAL SALES TERMS
TERMS
: Letter of Credit
EXPORT TERMS
TERMS
: Letter of Credit
CUSTOMERS
----------
Subject maintains
21 to 50 accounts / customers.
EMPLOYEE(s) - CURRENT
---------------------
Total Employees
: 200
CAPACITY AND PRODUCTION
OUTPUT
------------------------------
PRODUCT NAME
: Food Additives
Actual Production Output
: 2,400 Tons per year
PRODUCTION CAPACITY
: 2,400 Tons per year
LOCATION
--------
TYPE OF OCCUPATION:
Occupied
LOCATION
: Residential/commercial area
PREMISES USED AS
: Administrative office
BRANCH(es)
-----------------------------------------------------------------------------
Subject maintains 1
branch(es).
1-22/23, Corporation
Road
Malleshwaram
Andhra Pradesh
534210 India
CURRENCY: All amounts in this
report are in local currency unless otherwise
stated.
This report, which is licensed
under contract solely for use by D&B's customer as one factor in its business
decisions, contains information compiled from sources D&B does not control
and which, unless otherwise indicated in this report, has not been verified.
D&B does not assume any of user's business risk;does not guarantee the accuracy,
completeness, and timeliness of the information; and shall not be liable in tort, contract or otherwise for any loss, damage, and injury resulting from use of this information, even if caused by D&B's negligence.
Copyright 2000 Dun & Bradstreet
All Rights Reserved
The rating scale is as follows;
| Indicative Risk Score |
Description of condition |
|
S1
|
Strong |
|
S2
|
Good |
|
S3
|
Fair |
|
S4
|
Moderate Risk but overall
condition is fair |
|
S5
|
Risk |
|
S6
|
High Risk |
*** REPORT COMPLETE ***
| 
