|
Report Date : |
18.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
BIOTECH INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
Vipps Centre, 2 LSC, Block EFGH, Masjid Moth, Greater Kailash- II, New
Delhi- 110048 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.02.1993 |
|
|
|
|
Com. Reg. No.: |
55-052056 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.836 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24297DL1993PLC052056 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Biopesticides and Bednets. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (37) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 450000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. It has large
working capital requirements, exposure to implementation and demand related risks
associated with its upcoming unit for manufacturing long-lasting-insecticidal
mosquito bed nets (LLIN), small scale of operations. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB+ (Long term Rating) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
19.07.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 (Short term Rating) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
19.07.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
VIPPS Centre, 2, Local Shopping Centre, Block EFGH, Masjid Moth,
Greater Kailash- II, New Delhi- 110048, India |
|
Tel. No.: |
91-11-29227228/29220546/29220547/29213446/29218347 |
|
Fax No.: |
91-11-29229166/29223089 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory: |
B-21, Site-C, Surajbpur Industrial Area, Gautam Budh Nagar, Greater
Noida-201306, Uttar Pradesh, India |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Vivek Singhal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
24, Palam Marg Vasant
Vihar, New Delhi-110057, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.06.1940 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.02.1993 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01046325 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Manjula Singhal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
24, Palam Marg Vasant
Vihar, New Delhi-110057, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.11.1943 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.08.1994 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01046331 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Saurabh Singhal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
24, Palam Marg Vasant Vihar,
New Delhi-110057, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.08.1968 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.02.1993 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01046335 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Jagdish Chand Agarwal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-501, Vrindawan Garden
CGHS Limited, Plot 10, Sector 12, Dwarka, New Delhi-110075, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.09.1956 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01056196 |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Surendra Kumar Aggarwal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H2B/824, Sukhdev
Vihar, Opp-Defence Colony, Kotla Mubarakpur, New Delhi- 110003, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.08.1965 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2002 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01056201 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Hariom Bansal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Pocket-K,
96 A Shaikh Saria, Phase –II, New Delhi-110017, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1944 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.06.2006 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01086580 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship: |
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Debabrata Kanungo |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. N.294, Sec-21D, Faridabad-121005, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.06.1949 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03612779 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Siddharth Sharma |
|
Designation : |
Secretary |
|
Address : |
2B,
A/2B, Paschim Vihar, New Delhi-110063, India |
|
Date of Birth/Age : |
07.04.1978 |
|
Date of Appointment : |
19.08.2010 |
|
PAN No.: |
AXJPS9454L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Manvi Investment Private Limited, India |
|
112500 |
|
Vivek Singhal (HUF) Karta - Shri Vivek Singhal |
|
270000 |
|
Ravi Singhal Vivek Singhal |
|
236250 |
|
Vivek Singhal Manjula Singhal |
|
335250 |
|
Manjula Singhal Vivek Singhal |
|
335250 |
|
Saurabh Singhal Shabnam Singhal |
|
283050 |
|
Shabnam Singhal Saurabh Singhal |
|
45000 |
|
Chemicals International Private
Limited, India |
|
641268 |
|
Computronics International
Limited, India |
|
225000 |
|
Total |
|
2483568 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
39.00 |
|
Directors or relatives of Directors |
61.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Biopesticides and Bednets. |
||||||||
|
|
|
||||||||
|
Products/ Services : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Actual
Production |
|
Biolep |
Kg. |
13554 |
|
Bacterial/ Sphericide |
Kg. |
329255 |
|
Neemarin |
Ltr. |
406639 |
|
Bioderma |
Kg. |
248005 |
|
Biomonas |
Kg. |
30007 |
|
Biovirus |
Ltr. |
23255 |
|
Biotrap |
Nos. |
0 |
|
Other Biopesticide |
Nos. |
0 |
|
|
Kg. |
6603 |
|
|
|
|
|
Biofertilizers |
|
|
|
Bioboost Granules |
Kg. |
0 |
|
Bioboost Liquid |
Ltr. |
0 |
|
Biophos |
Ltr. |
51641 |
|
Biospirilium |
Ltr. |
40 |
|
Other Biofertilizers |
Ltr. |
9881 |
|
Bedness (Mosquito Net) |
Nos. |
44466 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTES: 1. The Working Capital loan from Canara Bank is secured
by way of hypothecation of stock of raw materials, finished goods. Semi
finished goods and hook debts upto 180 days and mortgage of personal property
or Managing Director at C-5/12. Safdarjung Development Area, New Delhi as
well as personal guaratnee of directors Shri Vivek Singhal, Shri Saurabh
Singhal and Smt. Manjula Singhal. Land and Factory building contracted
thereon at B-21, Site-C, Surajpur Industrial, Greater Noida (U.P.) is also
available as collalral security. Further the loan is secured by the corporate
guarantee or M/s. Chemicals International Private Limited. 2. Over Draft from Canara Bank and State Bank of
India are secured against the pledged of FDR's belonging to the Directors/CEO
of the company. 3. The Sale bills Discounting Limit from Canbank
Factors Limited is secured by mortgage of property namely Vipps Centre at 2,
LSC, Masjid Moth, GK-I1, New Delhi owned by VIPPS INDIA (DELHI) a partnership
firm wherein Mr Saurabh Singhal and Vivek Singhal (HUF) are among the
partners. The limit is further secured by guarantee of VIPPS India (Delhi) as
well as corporate guarantee of Chemicals International Private Limited as
well as personal guarantee of directors Mr. Vivek Singhal, Mr. Saurabh
Singhal and Mrs. Manjula Singhal. 4. Loan against vehicles are
secured against hypothecation or vehicles. Amount due for repayment within
one year amount to Rs. 0.109 Million (Previous Year Rs.0.413 Million).
NOTE: The above unsecured loan is in
subordination from the Promoter Directors as per the stipulations and in fulfilments
of the terms and condition of working capital loan sanclioned and availed by
the company from the Canara Bank. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Thakur, Vaidyanath Aiyer and Company Chartered Accountants |
|
Address : |
221-223, Deen Dayal Marg, New Delhi- 110002, India |
|
Tel. No.: |
91-11-23236958-60/23237772 |
|
Fax No.: |
91-11-23230831 |
|
E-Mail : |
|
|
PAN No.: |
AAAFT3096M |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2483568 |
Equity Shares |
Rs.10/- each |
Rs.24.836 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
24.836 |
24.836 |
13.933 |
|
|
2] Share Application Money |
0.000 |
0.000 |
8.500 |
|
|
3] Reserves & Surplus |
87.670 |
71.286 |
59.956 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
112.506 |
96.122 |
82.389 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
87.481 |
104.687 |
66.104 |
|
|
2] Unsecured Loans |
6.149 |
6.149 |
6.149 |
|
|
TOTAL BORROWING |
93.630 |
110.836 |
72.253 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.178 |
0.401 |
|
|
|
|
|
|
|
|
TOTAL |
206.136 |
207.136 |
155.043 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
33.975 |
35.890 |
39.430 |
|
|
Capital work-in-progress |
16.599 |
16.746 |
8.671 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.286 |
0.286 |
0.286 |
|
|
DEFERRED TAX ASSETS |
0.298 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
56.462
|
39.692 |
30.064 |
|
|
Sundry Debtors |
130.412
|
205.307 |
150.545 |
|
|
Cash & Bank Balances |
103.891
|
25.390 |
17.243 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
56.659
|
60.090 |
36.312 |
|
Total
Current Assets |
347.424
|
330.479 |
234.164 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
156.247
|
104.277 |
68.502 |
|
|
Other Current Liabilities |
29.077
|
32.691 |
28.964 |
|
|
Provisions |
7.122
|
39.297 |
30.042 |
|
Total
Current Liabilities |
192.446
|
176.265 |
127.508 |
|
|
Net Current Assets |
154.978
|
154.214 |
106.656 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
206.136 |
207.136 |
155.043 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
377.515 |
310.563 |
308.156 |
|
|
|
Business Centre Services |
15.056 |
13.753 |
14.024 |
|
|
|
Other Income |
3.802 |
2.228 |
1.933 |
|
|
|
TOTAL (A) |
396.373 |
326.544 |
324.113 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
166.965 |
126.591 |
85.013 |
|
|
|
Excise Duty on Increase/ (Decrease) of Finished Stocks |
0.424 |
(0.018) |
(0.657) |
|
|
|
Purchases / Cost of trading Goods |
9.431 |
4.946 |
59.818 |
|
|
|
Manufacturing and Processing Expenses |
19.225 |
14.079 |
25.410 |
|
|
|
Employees Remuneration and Benefits |
26.482 |
22.387 |
17.795 |
|
|
|
Administration, Selling and Other Expenses |
130.288 |
110.291 |
74.736 |
|
|
|
Increase/ Decrease in Stock of Finished Goods |
(5.240) |
5.236 |
(4.110) |
|
|
|
TOTAL (B) |
347.575 |
283.512 |
258.005 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
48.798 |
43.032 |
66.108 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.324 |
16.053 |
14.492 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
33.474 |
26.979 |
51.616 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.315 |
4.448 |
4.943 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
29.159 |
22.531 |
46.673 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.879 |
11.563 |
18.741 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G- H) (I) |
19.280 |
10.968 |
27.932 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
40.537 |
33.572 |
11.694 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
2.484 |
2.484 |
2.787 |
|
|
|
Tax on Dividend |
0.412 |
0.422 |
0.474 |
|
|
|
Amount Transfered to General Reserve |
1.928 |
1.097 |
2.793 |
|
|
BALANCE CARRIED
TO THE B/S |
54.993 |
40.537 |
33.572 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
12.609 |
6.565 |
3.783 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
78.475 |
75.548 |
11.593 |
|
|
TOTAL IMPORTS |
78.475 |
75.548 |
11.593 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.76 |
6.44 |
28.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.86
|
3.36 |
8.62 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.72
|
7.25 |
15.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.65
|
7.25 |
15.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.26
|
0.23 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
2.54
|
2.99 |
2.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.81
|
1.87 |
1.84 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------ |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
------ |
|
22] |
Litigations that the firm
/ promoter involved in |
------ |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
------ |
|
26] |
Buyer visit details |
------ |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
During the year,
the company recorded a sale revenue of Rs. 409.490 Millions as against Rs
333.901 Millions during last year thereby recorded an increase in its sale
turnover by 22.64 %. The Profit before taxes is Rs. 29.159 Millions as against
Rs 22.530 Millions during last year. An amount of Rs. 1.928 Millions is being
transferred to General Reserves as against Rs. 1.097 Millions during the Last
Year.
FUTURE OUTLOOK:
The Company is determined
to enhance overall growth of the company in near future and following
activities are already being undertaken
• The Company is
hiring new human resources for exploring the untapped markets of Jharkhand,
Bihar for promotion of Public Health Products.
• Purchase of
technology to manufacture liquid Bti and
the same is being registered with Central Insecticides Board. Bacticide DT is
also undergoing registration. With the introduction of these two different
formulations, we will be in a position to give a choice of formulations to
their customers. Also, the introduction of Bacticide AS will be revenue stream
for the company where non TAC products are required.
• Placing of
orders for 1500 Ltr. fermentor, 1500 Ltr. Holding Tank and 75 Ltr. Seed fermentor
to cater to the growing demands of their products. These fermentors would be
used to manufacture both agricultural and public health products. Because of
the installation of these fermentors, we would be able to increase their
production capacity to at least ten fold.
• Further studies
are being conducted at various agricultural universities in different
geographical locations so as to enable them to get the leaf left expansion on
different crops. This would also enable them to bid for tenders where such
details are sought/looked into.
• New Teams are
being build to spearhead trade sales of their agricultural biological products
through the traditional dealer distributor net work. In the coming years their
presence in the dealer distributor net work system will enable them to
establish their brands amongst the farmers
CONTINGENT LIABILITIES AS ON 31.03.2011
(a)
Guarantee issued by bank on behalf of the company as at 31.03.2011 amounted to
Rs.5.227 Millions (Previous year Rs 6.719 Millions) and Letter of Credit
Rs.62.815 Millions (Previous year Rs.30.728 Millions)
(b)
The Income Tax Department has imposed penalty for Rs 3.921 Millions u/s
271(l)(c) of the Income Tax act subsequent to (he order passed under section
148 for the A.Y 2001-2002 by disallowing deduction u/s 801A claimed by the
company against which the company has filed appeal before C1T(A), New Delhi
which is still pending.
(c)
The Income Tax department has issued notice dated 27.03.2009 for reopening of
the case u/s 148 for the A.Y. 2002-2003 alleging that the deduction u/s 80IA
amounting Rs.5.680 Millions has been wrongly claimed. Against the notice of the
department, the company has filed writ in the Delhi High Court which is still
pending.
(d)
Liability, if any of taxes and duties to be determined on completion of
assessment.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U24297DL1993PLC052056 |
|
Name of the company |
BIOTECH INTERNATIONAL LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Vipps Centre, 2 LSC, Block EFGH, Masjid Moth, Greater Kailash- II, New
Delhi- 110048, India Email: cs@biotech-int.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
80013549 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Canara Bank, International Operation Branch, A-27, Hauz Khas, New
Delhi - 110016, India Email: cb2369@canarabank.com
|
|
Nature of instrument creating charge |
Memorandum of Extension of Equitable Mortgage |
|
Date of instrument Creating the charge |
08.08.2012 |
|
Amount secured by the charge |
Rs.180.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As may be specified by the bank from time to time. Terms of Repayment As per agreement Margin As per agreement Extent and Operation of the charge 100% to secure various credit facilities of Rs. 180.000 Millions sanctioned
to the company, such as CC Rs. 90.000 Millions, ILC/FLC Rs. 65.000 Millions,
BG Rs. 20.000 Millions and FBE/FDB Rs. 5.000 Millions (SL Rs. 2.000 Millions
PC), detailed as per annexure-1 attached. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
EMT of industrial Plot situated at B-21 , Site-C , Surajpur Industrial
Area, Greater Noida allotted by UPSIDC and Building constructed thereon in
the name of Biotech International Limited Corporate Guarantee of Chemicals International Private Limited |
|
Particulars of the present modification |
Extent of operation of charge over immovable property situated at:
industrial Plot situated at B-21, Site-C, Surajpur Industrial Area, Greater
Noida, stands enhanced from Rs. 170.000 Millions to Rs. 180.000 Millions, to
secure various credit facilities of Rs. 180.000 Millions sanctioned to the
company, such as CC Rs. 90.000 Millions, ILC/FLC Rs. 65.000 Millions, BG Rs.
20.000 Millions and FBE/FDB Rs. 5.000 Millions (SL Rs. 2.000 Millions PC),
Other T and C as per agreement. |
FIXED ASSETS:
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.52.75 |
|
|
1 |
Rs.85.08 |
|
Euro |
1 |
Rs.69.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
37 |
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 |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.