MIRA INFORM REPORT
|
Report
Date : |
14th
June, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
NAGARJUNA AGRICHEM LIMITED |
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Registered
Office : |
Plot No. 61, Nagarjuna Hills, Punjagutta, Hyderabad – 500
082, Andhra Pradesh |
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Country
: |
India |
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Financials
(as on) : |
31.03.2005 |
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Date
of Incorporation : |
11th November, 1986 |
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Com.
Reg. No.: |
16607 |
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CIN
No.: [Company Identification No.] |
U24219AP1993PTC016607 |
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TAN
No.: [Tax Deduction & Collection Account No.] |
HYDN00523F |
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Legal
Form : |
Public
Limited Liability Company. The company’s shares are listed on the Stock Exchanges. |
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Line
of Business : |
Manufacturing and marketing of Pesticides Technical and
Formulations (i.e. Liquids & Wettables). |
RATING & COMMENTS
|
MIRA’s
Rating : |
Ba |
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum
Credit Limit : |
USD
2000000 |
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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 well-established company of Nagarjuna Group, a medium sized industrial
house. Available information indicates high financial responsibility of the
company. Trade relations are fair. Payments are usually correct and as per
commitments. It can be
considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
Plot No. 61, Nagarjuna Hills, Punjagutta, Hyderabad – 500
082, Andhra Pradesh, India |
|
Tel.
No.: |
91-40-2335
8217 / 2335 0235 |
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Fax
No.: |
91-40-2335
0234 |
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E-Mail
: |
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Website
: |
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Factory
1 : |
Plot No. 177, P.O. Allinagaram, Arinama Akkivalasa,
Etcherla Mandal, Srikakaulam – 532403, Andhra Pradesh, India |
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Factory
2 : |
N.H.5, Ravulapalem Mandal, Ethakota – 533238, East
Godwari, Andhra Pradesh, India |
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Factory
3 : |
Near Ganti Village, Gannavaram Road, Ravulapalme Mandal,
Ethakota – 533238, East Godwari, Andhra Pradesh, India |
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Factory
4 : |
Survey No. 1710&1711, Antireddyguda Road, Kottur
Mandal, Nandigaon – 509223, Mahaboobnagar, Andhra Pradesh, India |
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Branches
: |
1st
Floor, Auto Plaza Road No. 3, Banjara Hills, Hyderabad – 500 034, Andhra
Pradesh, India |
DIRECTORS
|
Name : |
Dr. Nitish K. Sen Gupta |
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Designation
: |
Chairman |
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Address
: |
135 Pocket, 40 Chitaranjan
Park, New Delhi – 110 019, India |
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Date
of Birth/Age : |
70 years |
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|
Name : |
Mr. G. S. Raju |
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Designation
: |
Managing Director |
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Address
: |
Plot No. 936, Road No. 47,
Jubilee Hills, Hyderabad – 500034, Andhra Pradesh, India |
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Date
of Birth/Age : |
46 Years |
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Qualification
: |
Graduate Engineer |
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Name : |
Mr. Sukhendu Roy |
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Designation
: |
Director |
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Address
: |
6B Solanki Apartments, 8/2,
Alipore ParkRoad, Kolkata – 700027, West Bengal, India |
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Date
of Birth/Age : |
72 Years |
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Qualification
: |
Chartered Accountants |
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Name : |
Mr. K. Rahul Raju |
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Designation
: |
Director |
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Address
: |
Digvijam’ Plot No.933 A, Road
No. 47, Jubilee Hills, Hyderabad – 500034, Andhra Pradesh, India |
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Date
of Birth/Age : |
28 Years |
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Qualification
: |
B.Com (Hons) |
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|
Name : |
Mr. K. S. Raju |
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Designation
: |
Director |
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Address
: |
Digvijam’ Plot No.933 A, Road
No. 47, Jubilee Hills, Hyderabad – 500034, Andhra Pradesh, India |
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Date
of Birth/Age : |
54 Years |
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Qualification
: |
Mechanical Engineer |
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Name : |
Mr. D. Ranga Raju |
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Designation
: |
Director |
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Address
: |
A Block, 201 Paradise
Apartments, Seethammadhara, Visakhapatnam, Andhra Pradesh, India |
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Date
of Birth/Age : |
70 Years |
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Qualification
: |
B.Com |
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|
Name : |
Mr. K. Lakshmi Raju |
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Designation
: |
Director |
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Address
: |
Digvijam’ Plot No.933 A, Road
No. 47, Jubilee Hills, Hyderabad – 500034, Andhra Pradesh, India |
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Date
of Birth/Age : |
30 Years |
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Qualification
: |
M.B.A. |
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Name : |
Mr. Prashant Kumar Mallik |
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Designation
: |
Director |
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Address
: |
6B Solani Apartments, 8/2,
Alipore Park Road, Kolkata – 700027, West Bengal, India |
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Date
of Birth/Age : |
73 Years |
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Qualification
: |
Chartered Accountants |
KEY EXECUTIVES
|
Name : |
Mr. A. S. Pardha Saradhi |
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Designation
: |
Company Secretary |
MAJOR SHAREHOLDERS
|
Category |
No. of Shares |
Percentage (%) |
|
PROMOTERS HOLDING |
|
|
|
Nagarjuna
Holding Private Limited |
2,640,008 |
17.720 |
|
K. S.
Raju & Associates Holdings Private Limited |
2,663,263 |
17.876 |
|
Chinnar
Securities Private Limited |
588,500 |
3.950 |
|
Nagarjuna
Management Services Private Limited |
2,773,322 |
18.615 |
|
Nagarjuna
Engineering and Construction Company Private Limited |
594,100 |
3.9888 |
|
Vijayalakshmi
Insecticides and Pesticides Private Limited |
2,103,157 |
14.117 |
|
Ms. K.
Laxmi Raju |
149,500 |
1.003 |
|
Mr. K.
Rahul Raju |
150,000 |
1.007 |
|
Mr. K. S.
Raju |
1 |
0.000 |
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NON-PROMOTERS HOLDING |
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Institutional Investors |
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|
Mutual
Funds and UTI |
1,700 |
0.011 |
|
Banks,
Financial Institutions, Insurance Companies (Central/State Government
Institution / Non-government Institutions) |
700 |
0.005 |
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OTHERS |
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Private
Corporate Bodies |
96,450 |
0.647 |
|
-- Others |
33,336 |
0.224 |
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Indian
Public |
1,611,686 |
10.818 |
|
NRIs/OCBs |
2,000 |
0.013 |
|
Any Other
|
1,490,434 |
10.004 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturing and marketing of
Pesticides Technicals and Formulations (i.e. Liquids & Wettables). |
PRODUCTION STATUS
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
Technicals
|
MT p.a. |
3500 |
2828 |
|
Formulations
|
|
|
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|
- Liquids
/ Wettables / Granules |
KL/ MT p.a. |
7560 |
16834 |
GENERAL INFORMATION
|
Suppliers
: |
Ø
Agarwal
Packing Private Limited Ø
Akkireddy
Agencies Ø
Arihant
Polypack Industries Ø
Ashok
Engineers Ø
Baba
Container Manufacturers Ø
Bullion
Flexi Pack Private Limited Ø
Canle
Valves Private Limited Ø
Coastal
Cartoons Private Limited Ø
Domino
Printech India Private Limited Ø
Eagle
Metal Printers Private Limited Ø
Emmennar
Pharma Containers Private Limited Ø
Essae
Teraoka Limited Ø
Globe
Scientific Glass Industries Ø
Hitech
Plastics Ø
Hychem
Laboratories Ø
Industrial
Sales Corporation Ø
Industrial
Solvents & Chemicals Ø
Jalaram
Plastic Industries Ø
Kranti
Metals Private Limited Ø
Manasa
Printers Ø
Manjushree
Stretch Film Private Limited |
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No. of
Employees : |
About 200 |
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Bankers
: |
Ø
State
Bank of India Ø
HDFC
Bank Limited Ø
State
Bank of Mysore Industrial Finance Branch, P. O. Box No. 125, Myhome
Jupally, Ameerpet, Hyderabad – 500 016, Andhra Pradesh, India Ø
ICICI
Bank Limited Level 1, West Wing, 1-11-256, Street No. 1, Begumpet,
Hyderabad – 500016, Andhra Pradesh, India Ø
Indian
Overseas Bank Main Branch, Bank Street, Hyderabad – 500 195, Andhra Pradesh, India Ø
Bank
of Baroda Industrial Finance Branch, Basheerbagh, Hyderabad – 500
029, Andhra Pradesh, India |
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Facilities : |
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Banking Relations : |
Satisfactory |
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Auditors
: |
M. Bhaskara Rao & Company Chartered Accountants |
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Address
: |
5-D, Kautilya, Somajiguda, Hyderabad – 500 082, Andhra
Pradesh, India |
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Associates
: |
Ø
Nagarjuna
International [Vietnam] Limited Ø
Jaiprakash
Engineering and Steel Company Limited Ø
Nagarjuna
Holding [Vietnam] Pte Limited Ø
Nagarjuna
Oil Corporation Limited Ø
Nagarjuna
Power Corporation Limited Ø
Nagarjuna
Information Systems Limited Ø
Ikisan
Limited Ø
Nagarjuna
Corporation Limited Ø
Nagarjuna
Haifa India Limited Ø
Nagarjuna
Electric Generating Company Limited Ø
Nagarjuna
Foundation Ø
Paschim
Holdings Private Limited Ø
Corporate
Securities and Holdings Private Limited Ø
Nagarjuna
Management Services Private Limited Ø
K.V.K.
Raju International Leadership Academy Ø
Nagarjuna
Agricultural and Research Development Institute Ø
Biz
Softcom Solutions Private Limited Ø
Manga
Infotech Private Limited Ø
Bijam
Biosciences Limited Ø
Dakshin
Hydro Energy Limited Ø
Bhagiratha
Chemicals Company Limited Ø
Vijayalakshmi
Insecticides & Pesticides Limited Ø
Nagarjuna
Fertilizers & Chemicals Limited Ø
Nagarjuna
Investor Services Limited Ø
Nagarjuna
Impex Limited Ø
Nagarjuna
Aqua Exports Limited Ø
Nagarjuna
Finance Limited |
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Subsidiaries
: |
Nagarjuna
Agrichem (Australia) Pty Ltd. |
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Group
: |
>
Nagarjuna Group The group
is truly an enterprise on the move. Technocrat entrepreneur Mr. K. V. K. Raju
laid the foundation of the group over two decades ago. He started with an
initial investment of US $ 1.20 millions and showed the seeds of what is now
one of the fastest growing industrial houses in India. In
addition to Agribusiness, the group has made significant investment in core
sectors like petroleum refining, power generations, life sciences and
information technology. Today, the asset base of the group is over US $ 580
millions and is projected to touch US $ 2500 millions by the year 2003, when
the project, which are currently under the implementation are completed. The group has a strong
and growing presence in the Agribusiness, Energy, Petroleum, Life Sciences
and Information Technology. The
agribusiness division of the group is committed to enhancing the availability
of quality food supply for the future by developing producing products and
services that contribute to increasing farm productivity. Towards
achieving this objective, the group has made investments and acquired
significant presence in: ·
Plant
Nutrition ·
Crop
Protection ·
Seeds The group
provides a complete range of agricultural inputs cost – effectively. Its
products and services enjoy nation-wide reputation among the farming
community due to their consistent high quality. |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
14898157 |
Equity Shares |
Rs. 10/- each |
Rs. 148.981 millions |
|
|
Of the above shares 21,03,157 shares are allotted as fully
paid on Preferential Basis |
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|
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share
Capital |
148.981 |
148.981 |
148.981 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
388.532 |
180.538 |
87.430 |
|
|
4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
537.513 |
329.519 |
236.411 |
|
|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
296.746 |
62.026 |
132.720 |
|
|
2]
Unsecured Loans |
67.061 |
67.028 |
124.143 |
|
TOTAL
BORROWING
|
363.807 |
129.054 |
256.863 |
|
|
DEFERRED TAX
LIABILITIES |
106.701 |
90.171 |
67.675 |
|
|
|
|
|
|
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TOTAL
|
1008.021 |
548.744 |
560.949 |
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APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
708.296 |
424.736 |
432.775 |
|
Capital work-in-progress
|
16.913 |
30.857 |
10.221 |
|
|
|
|
|
|
|
INVESTMENT
|
0.500 |
0.789 |
0.791 |
|
DEFERREX TAX ASSETS
|
1.911 |
1.677 |
0.000 |
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
|
|
|
|
|
Sundry Debtors
|
1242.952
|
761.279 |
440.881 |
|
|
Cash & Bank Balances
|
|
|
|
|
|
Other Current Assets
|
|
|
|
|
|
Loans & Advances
|
88.207
|
64.600 |
50.135 |
Total Current Assets
|
1331.159
|
825.879 |
491.016 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
972.930
|
664.915 |
373.854 |
|
|
Provisions
|
77.828
|
70.279 |
0.000 |
Total Current Liabilities
|
1050.758
|
735.194 |
373.854 |
|
Net
Current Assets
|
280.401
|
90.685 |
117.162 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
1008.021 |
548.744 |
560.949 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
3432.868 |
2332.863 |
1117.614 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
397.295 |
176.867 |
87.412 |
Provision for Taxation
|
135.800 |
42.730 |
6.905 |
Profit/(Loss) After Tax
|
261.495 |
134.137 |
80.507 |
|
|
|
|
|
Export Value
|
501.157 |
193.986 |
111.915 |
|
|
|
|
|
Import Value
|
631.875 |
293.902 |
223.435 |
|
|
|
|
|
Total Expenditure
|
3035.573 |
2155.995 |
1008.916 |
SUMMARISED
RESULTS
|
Particulars |
|
|
31.03.2006 Full Year |
|
|
|
|
|
|
Sales
Turnover |
|
|
3620.500 |
|
Other
Income |
|
|
80.100 |
|
Total
Income |
|
|
3700.600 |
|
Total
Expenditure |
|
|
3087.100 |
|
Operating
Profit |
|
|
613.500 |
|
Interest |
|
|
118.300 |
|
Gross
Profit |
|
|
495.200 |
|
Depreciation |
|
|
76.900 |
|
Tax |
|
|
108.700 |
|
Reported
PAT |
|
|
280.000 |
|
Dividend
(%) |
|
|
20.000 |
KEY
RATIOS
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Debt Equity Ratio |
0.57 |
0.68 |
1.75 |
|
Long Term Debt Equity Ratio |
0.31 |
0.43 |
0.99 |
|
Current Ratio |
0.98 |
0.93 |
0.91 |
|
TURNOVER RATIOS |
|
|
|
|
Fixed Asset Ratio |
4.38 |
3.88 |
2.28 |
|
Inventory |
6.98 |
8.89 |
6.55 |
|
Debtors |
10.37 |
11.65 |
4.59 |
|
Interest Cover Ratio |
6.56 |
4.77 |
2.96 |
|
Operating Profit Margin (%) |
15.20 |
11.23 |
15.24 |
|
Profit Before Interest and Tax Margin (%) |
13.86 |
9.70 |
13.04 |
|
Cash Profit Margin (%) |
8.59 |
6.44 |
7.11 |
|
Adjusted Net Profit Margin (%) |
7.25 |
4.91 |
4.91 |
|
Return on Capital Employed (%) |
68.95 |
47.01 |
30.98 |
|
Return on Net Worth (%) |
56.56 |
40.04 |
25.18 |
STOCK PRICES
|
Face Value |
Rs. 10/- |
|
High |
Rs. 161.00/- |
|
Low |
Rs. 155.00/- |
LOCAL AGENCY FURTHER INFORMATION
History :
The company
was incorporated on 11th November, 1986 at Hyderabad in Andhra
Pradesh having Company Registration Number 16607.
The company
was originally incorporated under the name and style of Chemagro International
Limited and was changed to the present in October 1996.
The company
is an associate of Nagarjuna Fertilisers and Chemicals, NSL and Nagarjuna
Financé. It is a part of the Nagarjuna Group and managed by Chairman Mr. Nitish
K. Sen Gupta.
In October
1994 it came out with a public issue of 2.370 million shares at a premium of
Rs. 5/- aggregating Rs. 35.60 millions, to part finance a Rs. 240 millions
project to manufacture monocrotophos (MCP) technicals and MCP formulations. MCP
is an organo-phosphorous Pesticide. The company supplies 50% of MCP to Nagarjuna
Fertilizers, a group company and the remaining 505 was used in formulations.
MCP has eco-friendly characteristics and is a fast acting pesticide useful
against a wide range of pests. The company has entered into an agreement with
Nagarjuna Fertilizers and Chemicals for marketing MCP formulations under the
Nagarjuna brand name.
The company
has also commenced commercial production of Acephate with certain additions to
the existing plant. It has also identified three new projects viz. DDVP,
Atrazine and Profenofos. Of these, commercial production of Atrazine and
Profenofos is expected to commence by end of 1999.
Due to fast
changing international business scenario the company has enhanced its Research
and Development activities and also plans to introduce two new fungicides,
Tricyclazole and Propiconazole. These
products are currently imported and sold in India. Introduction of new products involves expenditure on research
activities and installation of various new equipments. Funding’s are done by way of borrowed funds.
Business :
Generic
Name of the Principal Product of the company is:
|
Item Code
No. (ITC Code) |
380810.29 |
|
Product
Description |
Insecticides |
It is in
trade terms with:
·
Cores
and Containers Private Limited
·
Caps
& Containers Industries
·
Hitech
Plastics
·
Mipak
Plastics
·
Manjushree
Strech Films Private Limited
·
Silver
Prints
·
Sri
Sai Sindura Poly Products
·
Sannidhi
Industries
·
Tejeswi
Packing Private Limited
·
Core
Chemicals Private Limited
·
Eureka
Chemicals
·
Intermediates
& Chemicals
·
Piyush
Chemicals
·
Spak
Chemicals
Performance :
During the year under
report, gross sales increased to Rs. 3381.200 millions as compared to Rs.
2308.800 millions during the previous year.
This translates to a year-on-year sales growth of 46%. Nagarjuna has been fortunate to have a year
of exceptional growth that far exceeds the industry average of about 15%. This increase in sales was primarily due to
significant growth in Export sales coupled with increased sales of the
company’s branded formulations in the Domestic market.
The Profit before Tax for the year under report was Rs.
397.300 millions as compared to Rs. 176.800 millions during the previous
year. The Net Profit after Tax for the
year under report was Rs. 245.200 millions as compared to Rs. 113.300 millions
during the previous year.
Exports :
During the year under
report, export revenue has grown to Rs. 536.300 millions as compared to Rs.
203.700 millions during the previous year.
This represents a growth of 163%.
While such a high growth rate is unsustainable on a consistent basis,
the company recognizes that exports will continue to be the best opportunity
for business growth in the future.
Exports today account for about 20% of Net Sales of the company. It is our long-term intent to ensure that
atleast 40% of the sales of the company will come from Export markets. In order to achieve this goal, the company
would have to make substantial investments in its Manufacturing Plants, Process
Development, Product Registration and Marketing Infrastructure and Human
Resources.
New Projects / Expansions
:
The company
is continuing its aggressive investment strategy to significantly upgrade its
manufacturing plants and business control/information systems. During the year under report, the company
has made capital investments of Rs. 330.000 million, which is the highest it
has ever done in a single year since its inception. Barring some unforeseen downturn in the economy, it is the intent
of the company to continue to make substantial capital investments to build world
class manufacturing facilities that are comparable in safety and operational
efficiencies to the best plants in the world.
Overseas Subsidiary :
Nagarjuna Agrichem [Australia] Pty Limited is a Wholly Owned
Subsidiary of the company incorporated in Australia. The subsidiary was started primarily for the purpose of applying
for and holding product registrations for the company’s products in
Australia. Due to some recent changes
in product registration requirements initiated by the Australian government, it
is no longer necessary for overseas manufacturers to have a local office in
Australia for holding product registrations.
It was therefore decided to close the subsidiary and closure permission
was obtained from the Australian Securities and Investments Commission [ASIC]
vide their notification dated 25th March, 2005.
The fixed assets of important value includes goodwill, land,
buildings, plant & machinery, electrical installations, furniture &
fixtures, office equipments, vehicles and other assets.
As per Website Details :
Our Profile :
Nagarjuna Agrichem Limited (NACL)
NACL
was established in 1994 with an investment of US $ 7 million for producing
Monocrotophos Technical. NACL has since grown substantially and now
manufactures a comprehensive range of pesticide technicals, formulations and
custom manufactured fine chemicals. All the manufactured products conform to
international quality standards and specifications.
We have adequate capacities, state-of-the-art infrastructure,
skilled and experienced manpower, technical absorption capabilities. In fact, Custom Synthesis
and manufacturing are one of NACL's inherent capabilities. The production
lines are designed for a quick change over. We also undertake Custom Synthesis and Toll
Manufacturing Which caters to the requirement of reputed overseas customers.
NACL has one of the largest Dealer Network spread across
India, with marketing and sales offices in addition to an extensive Warehousing &
Logistics Infrastructure to handle operations in 19 Indian States. NACL has has tie-ups with large
Indian Agrochemical Majors and MNC's for the domestic and export markets.
The current annual turn over of the Organization is US $ 50 million.
We
are the largest sellers of High Performance Speciality Fertilizers in India.
These Fertilizers are sourced through an exclusive tie-up with HAIFA Chemicals, Israel.
We operate one of the most
modern and comprehensive Technical Agrochemical manufacturing plants, situated
in Srikakulam district of Andhra Pradesh, India.
The following technical products are manufactured in the
Srikakulam Unit :
|
In addition to the above, we also custom
synthesis several Fine Chemicals for reputed customers.
NACL formulates its formulations in a modern
Formulation Plant situated in the East Godavari District of Andhra Pradesh.
This location is situated in the scenic rice growing area on India's East
Coast. This Unit is one of the few to have in a single location, integrated
multi-line facilities capable of producing a variety of pesticide formulations
such as liquids, wettable powders and granules simultaneously. This unit has
the formulation technology to produce dry flowables and water based emulsions.
The category wise annual capacities are :
|
: |
10
million liters |
|
: |
3600 MT |
|
: |
10000 MT |
NACL has
an impressive range of formulations in the categories of Insecticides,
Fungicides and Herbicides. In addition to catering to the entire Indian
subcontinent, we exports pesticide technicals and formulations to
some countries in Asia, Middle East Europe, South America, Australia, Africa
etc.,
Manufacturing
and R & D
NACL
has adequate capacities, state-of-the-art infrastructure, skilled experienced
manpower and technology absorption capabilities. The production lines are
designed for quick change over to also undertake Toll manufacturing adhering to
the highest international standards and specifications.
The Technical Grade Pesticides manufactured by us
are :
|
The process Development Skills of NACL are comparable to the Best Indian
Companies. It is our belief that the R & D / Process Development Department
of NACL is the second largest of any Indian Agrochemical Company in terms of
size and scope of operation
R&D
plays a critical role in Nagarjuna's activities in Agribusiness. In recognition
of this, Nagarjuna established Nagarjuna Agricultural Research and Development
Institute (NARDI) in 1995 to focus research on crop protection, crop production
and crop improvement. NARDI today has a 100 acre dedicated farm and is staffed
by nationally renowned scientists and other support staff. NARDI has also
established research collaboration with leading international institutes such
as IRRI, ICRISAT, CIMMYT, ACRDC and ICAR.
In addition, NACL has a specialised R&D division
where work on relevant application research, custom
synthesis etc., is taken up. Some of the area's are synthesis routes for
generic products and improvement in operational efficiencies in exisiting
operations. Efforts are also on to develop Bio-pesticides and Fermentation
metabolites.
The infrastructure in these R&D divisions consists of the
latest analytical equipment including pilot plants to scale up processes to
commercial levels. The research in these R&D divisions is integrated
through the centralized support networking of NARDI.
Exports
Nagarjuna's growing global presence is reflected in
its exports. Today Nagarjuna is among the few companies in India exporting
pesticide technicals and formulations to as many as 15 countries including
Argentina, Australia, Greece, Italy, Japan, Oman, Portugal, Saudi Arabia, South
Africa, Spain, Sri Lanka, Taiwan, Vietnam and Yemen.
To meet the growing demand in the international markets and
improve its export business, the Group is constantly introducing new generics
and formulations. To strengthen this process, Nagarjuna has generated complete
packages of Chemistry, Toxicology, Residues and Bioefficacy data
for all its manufactured techincals.
Products
|
|
||||||||||||||||||||||||||
For all the above mentioned products, we
can supply either Technical Grade Agrochemicals, Formulation Bulk or Formulated
Finished Goods in the desired concentration based on Customers Requirements.
CMT REPORT
[Corruption, Money laundering & Terrorism]
The Public Notice information has been collected from
various sources including but not limited to: The Courts, India Prisons
Service, Interpol, etc.
1] INFORMATION ON DESIGNATED PARTY
No
exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that
subject is or was the subject of any formal or informal allegations,
prosecutions or other official proceeding for making any prohibited payments or
other improper payments to government officials for engaging in prohibited
transactions or with designated parties.
3] Asset Declaration :
No
records exist to suggest that the property or assets of the subject are derived
from criminal conduct or a prohibited transaction.
4] Record on Financial Crime :
Charges or
conviction registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with Government :
No record exists to
suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report
:
No press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments
on Corporate Governance to identify management and governance. These factors
often have been predictive and in some cases have created vulnerabilities to
credit deterioration.
Our Governance Assessment focuses principally on the
interactions between a company’s management, its Board of Directors,
Shareholders and other financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local
laws, regulations or policies that prohibit, restrict or otherwise affect the
terms and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 45.92 |
|
UK Pound |
1 |
Rs. 85.11 |
|
Euro |
1 |
Rs. 58.08 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
6 |
|
OPERATING
SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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
and their relative weights (as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working
capital. No caution needed for credit transaction. It has above average
(strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base
are regarded healthy. General unfavourable factors will not cause fatal
effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent.
Repayment of interest and principal sums in default or expected to be in
default upon maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists.
Caution needed to be exercised |
Credit not recommended |