MIRA
INFORM REPORT
|
Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PASURA BIO TECH PRIVATE LIMITED |
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Registered Office : |
43, P & T Colony, Opposite Vikrampuri
Colony, Kharkhana, Secunderabad - 500009, Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
27.05.1998 |
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Com. Reg. No.: |
01-29489 |
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CIN No.: [Company
Identification No.] |
L24219AP1998PTC029489 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDP01879D |
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PAN No.: [Permanent
Account No.] |
AACCP2735Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Bio-Fertilisers and Pesticides |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
USD 25000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small company. Directors are reported as
experienced and respectable businessmen. Trade relations are fair. Company’s
profitability is low. Payments are reported as slow but correct. The company can e considered for small to mediocre business dealings
at usual trade terms and conditions.
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LOCATIONS
|
Registered Office : |
43, P & T Colony, Opposite Vikrampuri Colony,
Kharkhana, Secunderabad - 500009, Andhra Pradesh, India |
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Tel. No.: |
91-40-66179966 |
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Mobile No.: |
91-9848040171 / 9848040217 / 9246540217 |
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Fax No.: |
91-40-66171536 |
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E-Mail : |
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Website : |
DIRECTORS
|
Name : |
Mr. P. Satyanarayana |
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Designation : |
Director |
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Address : |
2-3-77, Gandhi Gunj, Khammam, Andhra Pradesh, India |
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Date of Appointment : |
27.05.1998 |
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Date of Ceasing : |
01.01.2004 |
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Name : |
Mr. Chandra Sekhar |
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Designation : |
Director |
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Address : |
402, Trendset Apartments, Shantinagar, Hyderabad, Andhra Pradesh,
India |
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Date of Birth/Age : |
15.08.1953 |
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Date of Appointment : |
27.05.1998 |
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Date of Ceasing : |
04.05.2001 |
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Name : |
Mr. P Srinivasa Rao |
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Designation : |
Director |
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Address : |
8-7-177/1/8, Plot No. 9, Satyam Status Enclave, Swarnadhama Nagar, Old
Bowenpally, Hyderabad – 500011, Andhra Pradesh, India |
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Date of Birth/Age : |
14.11.1966 |
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Date of Appointment : |
29.05.1999 |
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Date of Ceasing : |
25.06.2005 |
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Name : |
Mr. P. Stinivasa Rao |
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Designation : |
Director |
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Address : |
8-7-177/1/8, Plot No. 9, Satyam Status Enclave, Swarnadhama Nagar, Old
Bowenpally, Hyderabad – 500011, Andhra Pradesh, India |
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Date of Birth/Age : |
14.11.1966 |
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Date of Appointment : |
25.06.2005 |
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Name : |
Mr. Pabbati Subba Rao |
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Designation : |
Director |
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Address : |
8-7-177/1/8, Plot No. 9, Satyam Status Enclave, Swarnadhama Nagar, Old
Bowenpally, Hyderabad – 500011, Andhra Pradesh, India |
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Date of Birth/Age : |
15.06.1931 |
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Date of Appointment : |
04.05.2001 |
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Date of Ceasing : |
01.01.2004 |
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Name : |
Mr. Ramesh Kodumuri |
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Designation : |
Director |
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Address : |
310, Malathinaik Plaza, Adids, Hyderabad, Andhra Pradesh, India |
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Date of Appointment : |
04.05.2001 |
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Date of Ceasing : |
20.08.2001 |
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Name : |
Mr. Polsani Ravinder Rao |
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Designation : |
Director |
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Address : |
8-7-177/1/8, Plot No. 9, Satyam Status Enclave, Swarnadhama Nagar, Old
Bowenpally, Hyderabad – 500011, Andhra Pradesh, India |
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Date of Birth/Age : |
15.05.1965 |
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Date of Appointment : |
04.05.2001 |
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Date of Ceasing : |
01.01.2004 |
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Name : |
Mr. Uppu Srinivas |
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Designation : |
Director |
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Address : |
Plot No. 29, Dhanlaxmi Colony, Bapujinagar, Bowenpally, Hyderabad –
500006, Andhra Pradesh, India |
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Date of Appointment : |
04.05.2001 |
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Date of Ceasing : |
01.01.2004 |
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Name : |
Mr. P. Amruth Prasad |
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Designation : |
Director |
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Address : |
20/B, St. Johns Road, Secunderabad, Hyderabad, Andhra Pradesh, India |
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Date of Appointment : |
04.05.2001 |
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Date of Ceasing : |
01.01.2004 |
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Name : |
Mr. P B N Murthy |
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Designation : |
Director |
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Address : |
8-7-177/1/8, Plot No. 9, Satyam Status Enclave, Swarnadhama Nagar, Old
Bowenpally, Hyderabad – 500011, Andhra Pradesh, India |
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Date of Birth/Age : |
05.12.1972 |
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Date of Appointment : |
25.06.2005 |
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Name : |
Mr. P Prasanth |
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Designation : |
Director |
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Address : |
8-7-177/1/8, Plot No. 9, Satyam Status Enclave, Swarnadhama Nagar, Old
Bowenpally, Hyderabad – 500011, Andhra Pradesh, India |
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Date of Birth/Age : |
16.02.1984 |
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Date of Appointment : |
01.01.2004 |
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Date of Ceasing : |
01.09.2004 |
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Name : |
Ms. P Leela Madhuri Devi |
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Designation : |
Director |
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Address : |
8-7-177/1/8, Plot No. 9, Satyam Status Enclave, Swarnadhama Nagar, Old
Bowenpally, Hyderabad – 500011, Andhra Pradesh, India |
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Date of Birth/Age : |
07.06.1975 |
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Date of Appointment : |
01.09.2004 |
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Name : |
Ms. K. Anuradha |
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Designation : |
Director |
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Address : |
24, Maruthi Nagar, Yousufguda, Hyderabad – 500045, Andhra Pradesh,
India |
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Date of Appointment : |
22.12.2004 |
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Date of Ceasing : |
25.06.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Chandra Sekhar |
|
8600 |
|
P Satyanarayana |
|
1800 |
|
P Badari Narayana Murthy |
|
8300 |
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P Srinivasa Rao |
|
9700 |
|
P V Ravi Kumar |
|
6000 |
|
P Leela Madhuri Devi |
|
4500 |
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R Venkita Raman |
|
5600 |
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N Subhadra Devi |
|
4000 |
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N Vishal |
|
4000 |
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P Sreedevi |
|
4200 |
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P Varalaxmi |
|
3600 |
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P V Mohan Rao |
|
4600 |
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P Rajyalaxmi |
|
4200 |
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P Subba Rao |
|
4800 |
|
P Dhanlaxmi |
|
4500 |
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R Venkata Ramana |
|
4900 |
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Total |
|
83300 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Bio-Fertilisers and Pesticides |
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Products : |
·
Bio Products ·
Pesticides ·
Plant Protector ·
Intermediates ·
Biotos ·
Bio Fertilizers ·
Bio Spark GR
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GENERAL
INFORMATION
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No. of Employees : |
Around 25 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
K. S. Ramakrishna and Company Chartered Accountants |
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Address : |
5-9-22/38/2, Adarshnagar, Hyderabad – 500063, Andhra Pradesh, India |
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Associates/Subsidiaries : |
·
Rheos Bio-Logics Private
Limited ·
Pasura Life Science Private
Limited ·
Jasmine Biologicals Private
Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
600,000 |
Equity Shares |
Rs. 10/- each |
Rs.6.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
83300 |
Equity Shares |
Rs. 10/- each |
Rs. 0.833
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
0.833 |
0.833 |
0.833 |
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2] Share Application Money |
4.977 |
0.951 |
1.041 |
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3] Reserves & Surplus |
0.419 |
0.390 |
0.239 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
6.229 |
2.174 |
2.113 |
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|
LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.321 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.321 |
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DEFERRED TAX LIABILITIES |
0.007 |
0.007 |
0.003 |
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TOTAL |
6.236 |
2.181 |
2.437 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.110 |
0.108 |
0.014 |
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Capital work-in-progress |
5.520 |
1.253 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
2.257
|
2.332 |
3.516 |
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Sundry Debtors |
4.412
|
1.486 |
0.693 |
|
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Cash & Bank Balances |
0.033
|
0.488 |
0.105 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
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Loans & Advances |
4.376
|
4.196 |
0.097 |
|
Total
Current Assets |
11.078
|
8.502 |
4.411 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
11.595
|
8.204 |
1.958 |
|
|
Provisions |
0.044
|
0.025 |
0.038 |
|
Total
Current Liabilities |
11.639
|
8.229 |
1.996 |
|
|
Net Current Assets |
[0.561]
|
0.273 |
2.415 |
|
|
|
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|
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MISCELLANEOUS EXPENSES |
1.167 |
0.547 |
0.008 |
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TOTAL |
6.236 |
2.181 |
2.437 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
|
|
Sales Turnover |
|
12.316 |
5.374 |
|
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Other Income |
|
0.014 |
0.000 |
|
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Total Income |
|
12.330 |
5.374 |
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|
|
|
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|
|
Profit/(Loss) Before Tax |
|
0.183 |
0.105 |
|
|
Provision for Taxation |
|
0.024 |
0.037 |
|
|
Profit/(Loss) After Tax |
|
0.159 |
0.068 |
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Expenditures : |
|
|
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Raw Material Consumed |
|
7.868 |
2.398 |
|
|
Manufacturing Expenses |
|
0.594 |
0.400 |
|
|
Increase/(Decrease) in Finished Goods |
|
0.133 |
0.365 |
|
|
Administrative, Selling and Distribution
Expenses |
|
2.617 |
0.825 |
|
|
Financial Charges |
|
0.129 |
1.272 |
|
|
Depreciation & Amortization |
|
0.016 |
0.000 |
|
|
Machinery expenses written off |
|
0.002 |
0.007 |
|
|
Other Expenditure |
|
0.788 |
0.001 |
|
Total Expenditure |
|
12.147 |
5.268 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
NA
|
1.29 |
1.27 |
|
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.49 |
1.95 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
2.13 |
2.37 |
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Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.08 |
0.05 |
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|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.87
|
3.79 |
1.10 |
|
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|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
0.95
|
1.03 |
2.21 |
LOCAL AGENCY
FURTHER INFORMATION
The Registered Office of the company has been shifted from 11/5/398, 1st
Floor Red Hills, Hyderabad – 500004, Andhra Pradesh, India to the present
address w.e.f. 01.03.2006
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
L24219AP1998PTC029489 |
|
Name of the
company |
PASURA BIO TECH PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
11/5/398, 1st Floor Red Hills, Hyderabad – 500004, Andhra
Pradesh, India |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Vijaya Bank, Bank Street, Koti, Hyderabad – 500001, Andhra Pradesh,
India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
repayment doc 35 DOC 50 articles
agreement Hypothecation
agreement Letter of
guarantee DOC 46 |
|
Date of
instrument Creating the charge |
16.04.2007 |
|
Amount secured by
the charge |
Rs. 7.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: Rate of interest
a Bank’s BPLR + 0.50 = 12.75 % Floating Terms of
repayment : Repaid in 5 years
with initial repayment holiday period of 6 months i.e. in 54 EMI of Rs. 0.171
Million each commencing from November 2007 Margin : 25 % on Invoice value Extent and
operation of the charge : Hypothecation of
the following assets to be purchased installed in the company’s factory
premises at Jammu 1.
Plant and
Machinery valued Rs. 8.820 Millions 2.
LAB
Equipment valued Rs. 2.034 Millions 3.
Pollution control
equipment valued Rs. 2.115 Millions 4.
Diesel
generator set valued Rs. 0.610 Million 5.
Other
electrical equipment valued Rs. 1.312 Millions Others : Collateral ::
EMTD of lease hold property consisting of industrial Adm : 8 Kanals, Situated
at Road No.1, SIDCO industrial complex, Bari Branmana, Jammu and Buildings
such as production sheds laboratory and administrative block and other
structures thereon valued at Rs. 14.543 Million as per valuation report dated
21.02.2007 of S.P. Gupta. Leased by the J & K State Industrial
Development Corporation Limited. For a period of 90 Years. |
|
Short particulars
of the property charged |
Collateral ::
EMTD of lease hold property consisting of industrial Adm : 8 Kanals, Situated
at Road No.1, SIDCO industrial complex, Bari Branmana, Jammu and Buildings
such as production sheds laboratory and administrative block and other
structures thereon valued at Rs. 14.543 Million as per valuation report dated
21.02.2007 of S.P. Gupta. Leased by the J & K State Industrial
Development Corporation Limited. For a period of 90 Years. |
Fixed Assets
- Computer
- Vehicles
- Office Equipments
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.39.45 |
|
UK Pound |
1 |
Rs.78.14 |
|
Euro |
1 |
Rs.58.04 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
32 |
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
EXPLANATIONS
|
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. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|