MIRA INFORM REPORT

Report Date :

12.05.2012

IDENTIFICATION DETAILS

Name :	CENTELLA BIOTECH PRIVATE LIMITED (w.e.f. 22.06.2004)
Formerly Known As :	NU BUSINESS SOLUTIONS PRIVATE LIMITED
Registered Office :	D. No.6-3-456/21, 1^St Floor, Dwarakapuri Colony, Panjagutta, Hyderabad – 500082, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	23.06.2003
Com. Reg. No.:	01-041219
Capital Investment / Paid-up Capital :	Rs.0.100 Million
CIN No.: [Company Identification No.]	U74140AP2003PTC041216
Legal Form :	Private Limited Liability Company
Line of Business :	Trading of Bio Tech Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 2000
Status :	Small Company
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for small business dealings with some caution.

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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	D. No.6-3-456/21, 1^St Floor, Dwarakapuri Colony, Panjagutta, Hyderabad – 500082, Andhra Pradesh, India
Tel. No.:	91-40-23733166
Fax No.:	Not Available
E-Mail :	varma.gs@gmail.com

DIRECTORS

(AS ON 08.09.2010)

Name :

Mr. Krishnam Raju Guduru

Designation :

Director

Address :

988-1, Vishnu Apartments, Bagya Nagar Colony, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India

Date of Birth/Age :

01.07.1943

Date of Appointment :

18.04.2005

DIN No.:

00653803

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74140AP2003PTC041216	CENTELLA BIOTECH PRIVATE LIMITED	Director	18/04/2005	18/04/2005	Active	NO
2	U01409AP2010PTC069260	G.K.BIO SCIENCES (INDIA) PRIVATE LIMITED	Director	2/7/2010	2/7/2010	Active	NO

Name :

Mr. Sudhakar Varma Guduru

Designation :

Director

Address :

Plot No.141, Flat No.101, Sai Brundan Apartments, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India

Date of Birth/Age :

14.07.1973

Date of Appointment :

21.02.2007

DIN No.:

00654600

Name :

Dr. B. Ranganadha Charyulu

Designation :

Director

Address :

15-29-1000/H/71, Hig, K P H B Colony, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India

Date of Birth/Age :

15.08.1972

Date of Appointment :

01.03.2007

DIN No.:

01349404

Name :

Dr. M. A. Virinchi

Designation :

Director

Address :

Flat No.203, MAA Residency, New Nagole Colony, Road No.3, Hyderabad – 500035, Andhra Pradesh, India

Date of Birth/Age :

25.05.1961

Date of Appointment :

01.03.2007

DIN No.:

01349472

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 08.09.2010)

Names of Shareholders	No. of Shares
Krishnam Raju Guduru	5000
Sudhakar Varma Guduru	5000
Total	10000

(AS ON 30.09.2010)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Trading of Bio Tech Products.

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· Central Bank of India · ICICI Bank · State Bank of India

Banking Relations :	--
Auditors :
Name :	Eswaraiah and Company Chartered Accountant
Address :	HIG – 36, Phase – V, KPHB Colony, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India
PAN No.:	AABFE6104G

CAPITAL STRUCTURE

(AS ON 08.09.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.10/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.297	0.180	0.052
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		0.397	0.280	0.152
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		0.397	0.280	0.152
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.108	0.141	0.177
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.005	0.002	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.218	0.631	1.056
	Sundry Debtors	0.178	0.426	0.499
	Cash & Bank Balances	0.040	0.168	0.490
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.208	0.236	0.100
Total Current Assets		0.644	1.461	2.145
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.233	1.174	2.044
	Other Current Liabilities	0.063	0.076	0.072
	Provisions	0.064	0.074	0.054
Total Current Liabilities		0.360	1.324	2.170
Net Current Assets		0.284	0.137	(0.025)
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		0.397	0.280	0.152

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	13.553	20.899	17.676
		Other Income	0.006	0.001	0.004
		TOTAL	13.559	20.900	17.680
Less	EXPENSES
		Cost of Goods Sold	12.055	19.243	16.259
		Personnel Expenses	0.852	0.840	0.000
		Director Remuneration	0.000	0.000	0.276
		Administrative and Selling Expenses	0.445	0.572	0.949
		Preliminary Expenses Written Off	0.000	0.000	0.007
		TOTAL	13.352	20.655	17.491
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		0.211	0.246	0.189
Less/ Add	DEPRECIATION/ AMORTISATION		0.033	0.046	0.054
	PROFIT BEFORE TAX		0.178	0.200	0.135
Less	TAX		0.062	0.072	0.055
	PROFIT AFTER TAX		0.116	0.128	0.080
	Earnings Per Share (Rs.)		11.65	12.84	8.04

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.86	0.61	0.45
Net Profit Margin (PBT/Sales)	(%)	1.31	0.96	0.76
Return on Total Assets (PBT/Total Assets}	(%)	23.67	12.48	5.81
Return on Investment (ROI) (PBT/Networth)		0.45	0.71	0.089
Debt Equity Ratio (Total Liability/Networth)		0.91	4.73	14.28
Current Ratio (Current Asset/Current Liability)		1.79	1.10	0.99

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of Contact person	No
Turnover of Firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-----
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	No
Major Suppliers	No
Major Customers	No
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	No
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	No
Major Shareholders, if available	Yes

NOTE:

The Registered Office of the company has been shifted from, 202-B, Prasanthi Ram Towers, 3^rd Building from Sarathi STU – DIOS, Yousuf Guda Main Road, Hyderabad – 500073, Andhra Pradesh, India, to the present address w.e.f 14.09.2010.

BUSINESS PROSPECTS

During the year, Directors were able to achieve a turnover of Rs.13.553 Millions and net profit after tax amounting to Rs.0.116 Millions.

FIXED ASSETS:

· Air Conditioner

· Cell Phones

· Computers

· Furniture

· Printer

· Refrigerator

· Software

· Splendor

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.53.64
UK Pound	1	Rs.86.42
Euro	1	Rs.69.29

INFORMATION DETAILS

Report Prepared by :

NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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	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
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.