MIRA
INFORM REPORT
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Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
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Name : |
SERIN FORMULATIONS PRIVATE LIMITED |
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Registered
Office : |
8-3-865/9/102, Jaishakti Enclave, Kalyan Nagar, Moti Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
21.12.2001 |
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Com. Reg. No.: |
01-38249 |
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Capital
Investment / Paid-up Capital : |
Rs.2.500 millions |
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CIN No.: [Company Identification
No.] |
U24231AP2001PTC038249 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS16083E |
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PAN No.: [Permanent Account No.] |
AAHCS7274A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Manufacturing and
Marketing of Pharmaceutical Formulations |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 18000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as fair.
Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
8-3-865/9/102, Jaishakti Enclave, Kalyan Nagar, Moti Nagar, |
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Tel. No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory : |
5-35/206, Prashanti Nagar, Kukatpally, |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Vejju Venkateswara Rao |
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Designation : |
Managing Director |
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Address : |
12-5-106/5, Sardar Patel Nagar, Moosapet, |
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Date of Birth/Age : |
26.02.1968 |
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Date of Appointment : |
21.12.2001 |
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DIN No. : |
00911244 |
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Name : |
Mr. Kodali Uma Shankar |
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Designation : |
Whole – Time Director |
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Address : |
Flat No. 106, Seetha Rama Enclave, Brindavan Colony Road, Nizampet
Road, Hyderabad – 500 072, Andhra Pradesh, India |
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Date of Birth/Age : |
13.07.1968 |
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Date of Appointment : |
19.06.2007 |
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DIN No. : |
01405402 |
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Name : |
Mr. Vannem Reddy Satti Raju |
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Designation : |
Director |
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Address : |
8-3-167/K/35/2/B, Divyarose Apartments, Kalyan Nagar, Venture III,
Khairatabad, |
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Date of Appointment : |
21.12.2001 |
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DIN No. : |
02896818 |
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Name : |
Mrs. Pasam Naga Satyavati |
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Designation : |
Director |
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Address : |
Plot No. 147, Flat No. 301, Divyashakti Residency, Moti Nagar,
Erragadda, Hyderabad – 500 018, Andhra Pradesh, India |
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Date of Birth/Age : |
18.06.1966 |
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Date of Appointment : |
21.12.2001 |
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DIN No. : |
02968940 |
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Name : |
Mr. Vummethala Venkata Ram Kishan |
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Designation : |
Whole Time Director |
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Address : |
Flat No. 106, Dwaraka Mai Mansion, Bhagyanagar Colony, Kukatpally, Hyderabad,
Balanagar, Rangareddy – 500 072, Andhra Pradesh, India |
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Date of Birth/Age : |
04.08.1972 |
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Date of Appointment : |
30.09.2007 |
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DIN No. : |
02896800 |
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Name : |
Mrs. V Hymavathi |
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Designation : |
Director |
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Address : |
302-Bhaskar Nilayam, Bhagyanagar, KPHB, Kukatpally, |
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Date of Ceasing : |
01.10.2006 |
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DIN No. : |
01513768 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
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No. of Shares |
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V.Venkateshwar Rao |
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23000 |
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V.Sailaja |
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10000 |
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V.Raghava Rao |
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7000 |
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M.Mahalakshmi |
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8000 |
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K.Umashankar |
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25000 |
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K.Jyotshna |
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12000 |
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K.Anjaneya Swamy |
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13000 |
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V.V.R Kishan |
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25000 |
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V.Hymavathi |
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12500 |
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V.Venkata Sudha Rani |
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12500 |
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V.Sathi Raju |
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23000 |
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V.Suchitra |
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13000 |
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D.Sujana |
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4500 |
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V.Vishnukantham |
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9500 |
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P.N.Satyavathi |
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25000 |
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P.A.S.Murthy |
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15000 |
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P.Sunitha Devi |
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10000 |
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V.Vara Lakshmi |
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2000 |
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Total |
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250000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and
Marketing of Pharmaceutical Formulations |
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Products : |
·
Anti-biotics ·
Anti Ulcerants and
Antacids · Nutritional Products ·
Anti
Cold and Cough Products, Anti-Allergics ·
Anti
Inflammatory and Analgesics ·
Anti-emetics ·
Digestive Supplements · Anthelmintic ·
Anti-Fungal ·
Laxative ·
Alkaliser ·
Anti-Hypertensive ·
Anti-Arthritic · Nubone Tabs |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
Bank of ·
HDFC Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B V Prasad Chartered Accountant |
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Address : |
8-3-903/8/A, Nagarjuna Nagar, Ameerpet, |
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Tel. No.: |
91-40-23752637 |
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Mobile No.: |
91-9849037834 |
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Fax No.: |
91-40-23752637 |
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E-Mail : |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.500 |
1.250 |
1.250 |
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2] Share Application Money |
0.605 |
1.186 |
0.953 |
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3] Reserves & Surplus |
1.430 |
1.053 |
0.653 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4.535 |
3.489 |
2.856 |
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LOAN FUNDS |
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1] Secured Loans |
0.479 |
0.691 |
0.589 |
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2] Unsecured Loans |
1.735 |
2.089 |
1.477 |
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TOTAL BORROWING |
2.214 |
2.780 |
2.066 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL | ||||