MIRA
INFORM REPORT
|
Report Date : |
16.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
HETERO LABS LIMITED (W.e.f. 30.05.1997) |
|
|
|
|
Formerly Known
As : |
PHARMASIA LABORATORIES PRIVATE LIMITED (w.e.f.
30.12.1992) PERMILA DRUGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7-2-A2, Hetero Corporate Industrial Estate, Sanathnagar,
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 (Profit and Loss Account) |
|
|
|
|
Date of
Incorporation : |
10.03.1989 |
|
|
|
|
Com. Reg. No.: |
01-009723 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.320
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110AP1989PLC009723 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDP00777A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH5506R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Import, and Export of Chemicals, Pharmaceuticals, Drugs and
Inter Mediates. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (74) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 32000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a part of Hetero Group. It is an established well company having fine track record. There appears slight dip in profit of the company in 2012. However, overall
financial position of the company appears to be strong. Trade relation are fair. Business is active. Payment terms are regular
and as per commitment. The company can be considered normal for business dealing at usual
trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another megatrend happening. The World order is changing as
economic power shifts from West to East. According to McKinsey study, it took
Britain more than 100 years to double its economic output per person during its
industrial revolution and the US later took more than 50 years to do the same.
More than a century later, China and India have doubled their GDP per capital
in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s
largest consuming block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
20.06.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A1 |
|
Rating Explanation |
Very Strong degree of safety and low credit
risk. |
|
Date |
20.06.2013 |
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/
Corporate Office : |
7-2-A2, Hetero Corporate Industrial Estate, Sanathnagar,
Hyderabad – 500018, Andhra Pradesh, India
|
|
Tel. No.: |
91-40-23704923/ 24/ 25/ 26 / 23707171 / 7272 / 7744 |
|
Fax No.: |
91-40-23704926/ 23714250 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Regional Office: |
‘Hetero Drugs
Limited’ 607/608, 6th Floor, Matharu Arcade, |
|
Tel. No.: |
91-22-56910809 |
|
Fax No.: |
91-22-26845709 |
|
|
|
|
Marketing Office: |
Located at: ·
USA ·
Russia ·
Europe ·
China ·
Thailand
·
UAE ·
Egypt ·
South
Africa |
DIRECTORS
As on: 29.09.2012
|
Name : |
Dr. Bandi Partha Saradhi Reddy |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 389,
Road No. 22/B, Jublihills Chequepost,
Madhapoor Road, Hyderabad – 500038, Andhra Pradesh,
India |
|
Date of Birth/Age : |
06.03.1954 |
|
Qualification : |
Ph.d in organic chemistry |
|
Date of Appointment : |
05.12.1996 |
|
DIN No.: |
00015899 |
|
|
|
|
Name : |
Mr. Srinivas Reddy Male |
|
Designation : |
Director |
|
Address : |
Plot No.933, Vivrkanandnagar, Kukatpally, |
|
Date of Birth/Age : |
02.02.1973 |
|
Qualification : |
MBA. Marketing |
|
Date of Appointment : |
01.08.2008 |
|
DIN No.: |
00016085 |
|
|
|
|
Name : |
Mr. Krishna Bandi Vamsi |
|
Designation : |
Whole-time director |
|
Address : |
Plot No.389, Road
No.22/B, Jubilee Hills, Check-Post, Hyderabad-500 033, |
|
Date of Birth/Age : |
31.07.1983 |
|
Qualification : |
MS in Chemical Engineering |
|
Date of Appointment : |
10.04.2008 |
|
DIN No.: |
01014619 |
|
|
|
|
Name : |
Mr. Attunri Venkata
Narasa Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
H. No.
8-3-678/61, Pragathi Nagar
Colony, Yosufguda, Hyderabad – 500018, Andhra
Pradesh, India |
|
Date of Birth/Age : |
21.12.1963 |
|
Qualification : |
MSc |
|
Date of Appointment : |
11.03.1999 |
|
DIN No.: |
00023432 |
|
|
|
|
Name : |
Mr. Chilukuri Mohan Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.54, |
|
Date of Birth/Age : |
02.01.1969 |
|
Qualification : |
M. Pharm c |
|
Date of Appointment : |
18.11.1999 |
|
DIN No.: |
00208921 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
B. Partha Saradhi
Reddy |
|
282860 |
|
B. Kalavathi |
|
160740 |
|
M. Krishna Sinduri |
|
150000 |
|
B. Vamsi Krishna |
|
398000 |
|
M. Srinivas Reddy |
|
200 |
|
B. Srinivas Reddy |
|
200 |
|
B. Soma Kantham |
|
200 |
|
M. Krishna Karthikeya Reddy |
|
146900 |
|
B. Anvida |
|
46000 |
|
M. Krishna Sahithi |
|
146900 |
|
Total |
|
1332000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Import, and Export of Chemicals, Pharmaceuticals, Drugs and
Inter Mediates. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Andhra Bank, Specialised Corporate Finance Branch, Padmajaland Mark, Somajiguda, Hyderabad - 500082, Andhra Pradesh, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. V. Narayana Reddy and Company Chartered Accountants |
|
Address : |
D. No. 8-3-941, Flat No. 504, Vijayasree
Apartments, Opposite Kamma Sangham,
Ameerpet, Hyderabad – 500073 Andhra Pradesh, India |
|
Tel. No.: |
91-40-23743975 /
23744448 |
|
PAN No.: |
AADFM4830F |
|
|
|
|
Associates : |
·
Hetero Drugs Limited ·
Cirex Pharmaceuticals Limited CIN No.: U24239AP1990PLC012119 ·
Genx Pharma Limited ·
Hetero Health care Limited ·
Symed Labs Limited ·
Chemi Pack (India) Private Limited ·
Hetero Med Solutions Limited ·
Invagen Pharmaceuticals
Inc. ·
Hetero Singapore Pte
Limited ·
Hetero Infrastructure SEZ Limited ·
Hetero (Thailand) Limited ·
Clinse Labs Private
Limited ·
Akar International ·
Pharmed Healthcare
Company SAE ·
Hetmak FZCO ·
Hetero USA Inc ·
Hetero Wind Power Limited |
|
|
|
|
Subsidiaries : |
·
Hetero FZCO |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1332000 |
Equity Shares |
Rs.10/- each |
Rs. 13.320
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
13.320 |
13.320 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
8079.636 |
6241.891 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
8092.956 |
6255.211 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
6772.122 |
3416.016 |
|
|
2] Unsecured Loans |
|
930.112 |
646.713 |
|
|
TOTAL BORROWING |
|
7702.234 |
4062.729 |
|
|
DEFERRED TAX LIABILITIES |
|
465.685 |
298.840 |
|
|
|
|
|
|
|
|
TOTAL |
|
16260.875 |
10616.780 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
5022.172 |
3060.538 |
|
|
Capital work-in-progress |
|
3333.011 |
2047.930 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
372.062 |
442.380 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
6346.062
|
2981.043
|
|
|
Sundry Debtors |
|
2989.745
|
3439.909
|
|
|
Cash & Bank Balances |
|
206.154
|
156.050
|
|
|
Other Current Assets |
|
257.056
|
23.888
|
|
|
Loans & Advances |
|
1424.024
|
926.488
|
|
Total
Current Assets |
|
11223.041
|
7527.378 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
3140.596
|
2038.464
|
|
|
Other Current Liabilities |
|
442.895
|
401.280
|
|
|
Provisions |
|
105.920
|
21.702
|
|
Total
Current Liabilities |
|
3689.411
|
2461.446 |
|
|
Net Current Assets |
|
7533.630
|
5065.932
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
16260.875 |
10616.780 |
|
Note: Balance Sheet for the current year 2012 is not
available only Profit and Loss Statement is available.
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
20381.480 |
15253.977 |
13349.954 |
|
|
|
Other Income |
47.901 |
127.295 |
148.466 |
|
|
|
TOTAL (A) |
20429.381 |
15381.272 |
13498.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
13888.039 |
|
|
|
|
|
Purchase of stock in trade |
61.386 |
8.521 |
|
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(1905.332) |
(827.398) |
|
|
|
|
Employee benefit expenses |
1212.858 |
504.695 |
|
|
|
|
Other expenses |
3634.427 |
1384.635 |
|
|
|
|
TOTAL (B) |
16891.378 |
12418.990 |
9284.426 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3538.003 |
2962.282 |
4213.994 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
790.180 |
321.686 |
261.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2747.823 |
2640.596 |
3952.862 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
398.001 |
193.656 |
127.834 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2349.822 |
2446.940 |
3825.028 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
749.831 |
581.232 |
934.333 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1599.991 |
1865.708 |
2890.695 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
66.635 |
31.891 |
36.727 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
1800.000 |
2880.000 |
|
|
|
Dividend and Tax |
NA |
30.962 |
15.531 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
66.635 |
31.891 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
NA |
2510.578 |
5079.964 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
4619.259 |
3669.017 |
|
|
|
Capital Goods |
NA |
0.000 |
371.765 |
|
|
TOTAL IMPORTS |
NA |
4619.259 |
4040.782 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1201.19 |
1400.68 |
2170.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.83 |
12.04
|
21.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.52 |
16.04
|
28.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
15.06
|
36.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.30
|
0.61 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
NA |
0.95
|
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA |
3.04
|
3.06 |
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 |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
Particulars |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Rupee term loans unsecured |
|
|
|
Rupee term loans
banks unsecured |
0.556 |
502.760 |
|
Foreign currency loans unsecured |
|
|
|
Foreign currency
loans banks unsecured |
929.556 |
143.953 |
|
|
|
|
|
Total |
930.112 |
646.713 |
NOTE:
The Registered office
of the company has been shifted from H. No.8-3-166/1 and 2, Challa
Estates, First Floor, Erragadda Hyderabad – 500018,
Andhra Pradesh, India to the present
address w.e.f. 31.07.2009.
CASE STATUS
|
PETITIONER |
RESPONDENT |
|
COMMISSIONER OF CENTRAL EXCISE, HYDERABAD |
HETERO LABS LTD., MEDAK DISTRICT |
|
PET.ADV. : SARADA |
RESP.ADV. : |
|
SUBJECT: PENALTY |
DISTRICT: HYDERABAD |
|
FILING DATE: 25-01-2007 |
POSTING STAGE : FOR ADMISSION & REPLY |
|
|
REG. DATE : 29-03-2010 |
LISTING DATE : 09-08-2010 |
STATUS : ADMIT |
|
HON'BLE JUDGE(S): |
V.V.S.RAO |
RAMESH RANGANATHAN |
REVIEW OF PERFORMANCE
During the year,
the Company's net turnover crossed the Rs 15000.000
Millions mark for the first time in the company's history. Total revenue for
the fiscal year 2010-11 is Rs 15501.790 Millions
thereby registering a growth of 15% over the previous year. The company’s
exports stood at Rs 2520.229 Millions (Previous year Rs 4866.600 Millions).
The company has
earned a net profit of Rs 1865.710 Millions after
providing for Taxes of Rs 581.232 Millions during the
year, as against a net profit of Rs 2890.695 Millions
in the previous year after providing for Taxes of Rs
934.333 Millions. The key Contributor to the improved performance in 2009-10 is
on account sales of Oseltamivir Phosphate which had
higher margin of profit.
The company's
formulations business increased to Rs 3938.798
Millions during the fiscal, compared to Rs 3267.544
Millions during 2009-10. Formulations revenues were higher by 20.54% over the
previous year
The company's Bulk
drug business increased to Rs 11467.808 Millions
during the fiscal, compared to Rs 10185.468 Millions
during 2009-10. Bulk Drug revenues were higher by 12.59% over the previous year
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10421516 |
27/03/2013 |
750,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD, Andhra Pradesh - 500082, INDIA |
B73690208 |
|
2 |
10308989 |
14/09/2011 |
250,000,000.00 |
STATE BANK OF MYSORE |
INDUSTRIAL FINANCE BRANCH, MY HOME JUPALLY, AMEERPET, HYDERABAD, Andhra Pradesh - 500038, INDIA |
B22035851 |
|
3 |
10283954 |
20/07/2012 * |
8,580,000,000.00 |
ANDHRA BANK |
Specialized Corporate Finance, 6-3-648,3rd Floor, Padmaja Land Mark, Somajiguda, Hyderabad, Andhra Pradesh - 500082, INDIA |
B45697646 |
|
4 |
10283970 |
26/03/2011 |
500,000,000.00 |
ANDHRA BANK |
Specialised Corporate Finance
Branch, 3rd Floor, |
B12030003 |
|
5 |
10273568 |
29/12/2011 * |
1,000,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
B28834844 |
|
6 |
10257057 |
07/12/2010 |
500,000,000.00 |
ANDHRA BANK |
SPECIALISED CORPORATE FINANCE BRANCH, 3rd FLOOR, PADMAJA LAND MARK, SOMAJIGUDA, HYDERABAD, Andhra Pradesh - 500082, INDIA |
B01508654 |
|
7 |
10257800 |
16/11/2010 |
500,000,000.00 |
STATE BANK OF HYDERBAD |
SANATHNAGAR BRANCH, INDUSTRIAL ESTATE, SANATHNAGAR, HYDERABAD, Andhra Pradesh - 500018, INDIA |
B00572214 |
|
8 |
10249418 |
28/09/2010 |
500,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD, Andhra Pradesh - 500082, INDIA |
A98495476 |
|
9 |
10242113 |
20/08/2010 |
864,000,000.00 |
ANDHRA BANK |
Specialised Corporate Finance
Branch, 3rd Floor, |
A95186813 |
|
10 |
10151351 |
29/09/2011 * |
3,017,500,000.00 |
STATE BANK OF HYDERABAD |
SANATHNAGAR BRANCH, INDUSTRIAL ESTATE, SANATHNAGAR, HYDERABAD, Andhra Pradesh - 500018, INDIA |
B24688715 |
|
11 |
10112415 |
24/06/2008 |
300,000,000.00 |
STATE BANK OF MYSORE |
INDUSTRIAL FINANCE BRANCH, 2nd FLOOR MYHOMEJUPALLY, OPP:GREEN PARK, AMEERPET, HYDERABAD, Andhra Pradesh - 500038, INDIA |
A41873324 |
|
12 |
10089092 |
27/02/2013 * |
15,475,000,000.00 |
ANDHRA BANK |
SPECIALISED CORPORATE FINANCE BRANCH, PADMAJA LAND MARK, SOMAJIGUDA, HYDERABAD, Andhra Pradesh - 500082, INDIA |
B71300685 |
|
13 |
10024362 |
29/09/2006 |
27,500,000.00 |
BANK OF INDIA |
KHAIRATABAD BRANCH, PTI BUILDING, MASAB TANK, HYDERABAD, Andhra Pradesh - 500082, INDIA |
A06209761 |
|
14 |
90134916 |
18/07/2005 |
20,000,000.00 |
ANDHRA BANK |
SCF BRANCH, SOMAJIGUDA, HYDERABAD, Andhra Pradesh |
- |
|
15 |
90136359 |
19/04/2012 * |
3,650,000,000.00 |
STATE BANK OF HYDERABAD |
SANATHNAGAR BRANCH, INDUSTRIAL ESTATE, SANATHNAGAR, HYDERABAD, Andhra Pradesh - 500018, INDIA |
B38544425 |
|
16 |
90134803 |
25/08/2004 |
150,000,000.00 |
ANDHRA BANK |
SCF BRANCH, SOMAJIGUDA, HYDERABAD, Andhra Pradesh |
- |
|
17 |
90134769 |
15/04/2004 |
30,000,000.00 |
ANDHRA BANK |
SCF BRANCH, HYDERABAD, Andhra Pradesh, INDIA |
- |
|
18 |
90133173 |
10/03/2004 |
15,000,000.00 |
BANK OF INDIA |
PTI BUILDING ; KHAIRTABAD BRANCH, HYDERABAD, Andhra Pradesh, INDIA |
- |
|
19 |
90136267 |
11/02/2009 * |
970,000,000.00 |
STATE BANK OF HYDERABAD |
SANATHNAGAR BRANCH, INDUSTRIAL ESTATES, SANATHNAGAR, HYDERABAD, Andhra Pradesh - 500018, INDIA |
A57977472 |
|
20 |
90133138 |
06/10/2003 |
12,500,000.00 |
BANK OF INDIA |
PTI BUILDING ; KHAIRTABAD BRANCH, HYDERABAD, Andhra Pradesh, INDIA |
- |
|
21 |
90133086 |
13/03/2003 |
10,000,000.00 |
BANK OF INDIA |
PTI BUILDING ; KHAIRTABAD BRANCH, HYDERABAD, Andhra Pradesh, INDIA |
- |
|
22 |
90136146 |
15/11/2002 * |
75,000,000.00 |
BANK OF BAHRAIN & KUWAIT BSC |
6-3-550; SOMAJIGUDA, HYDERABAD, Andhra Pradesh - 500082, INDIA |
- |
|
23 |
90132759 |
27/03/2000 * |
40,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
- |
|
24 |
90135924 |
13/12/1999 |
40,000,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER ; CUFFE PARADE ; COLABAS, MUMBAI, Maharashtra - 400005, INDIA |
- |
|
25 |
90135802 |
18/02/2010 * |
3,150,000,000.00 |
ANDHRA BANK |
SPECIALISED CORPORATE FINANCE BRANCH, 3rd FLLOR, PADMAJA LAND MARK, SOMAJIGUDA, HYDERABAD, Andhra Pradesh - 500082, INDIA |
A81579674 |
|
26 |
90135776 |
17/04/2001 * |
24,500,000.00 |
ANDHRA BANK |
INDUSTRIAL FINANCE BRANCH; "X" ROADS; AMEERPET, PANCOM BUSINESS CENTRE, HYDERABAD, Andhra Pradesh, INDIA |
- |
|
27 |
90131719 |
21/03/1990 |
200,000.00 |
A.P. STATE FINANCIAL CORPORATION |
CHIRAG ALI LANE, HYDERABAD, Andhra Pradesh, INDIA |
- |
|
28 |
90131075 |
21/03/1990 |
3,870,000.00 |
A.P. STATE FINANCIAL CORPORATION |
CHIRAG ALI LANE, HYDERABAD, Andhra Pradesh, INDIA |
- |
FIXED ASSETS:
v Land and Site Development
v
v Electrical Equipment
v R and D Equipment
v ETP Machinery
v Furniture and Fixture
v Office Equipments
v Vehicles
v Computers
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 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 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. 61.51 |
|
|
1 |
Rs. 94.99 |
|
Euro |
1 |
Rs. 81.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
74 |
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.