|
Report Date : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
DVS BIOLIFE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.1162, Mayuri Nagar, Miyaour, Hyderabad – 500049, Andhra
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.07.2004 |
|
|
|
|
Com. Reg. No.: |
01-043664 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24129AP2004PLC043664 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Beneficial Microorganisms, Herbal
Extracts and Formulation etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
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 17000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
management has failed to file its financial for 2012 with the government department.
As per previous year record the company seems to have a small scale of
operation. However, trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. The company can be considered for business dealings with great
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Vijaya Raghavan |
|
Designation : |
Key Executive |
|
Contact No.: |
91-9885446278 |
|
Date : |
26.07.2013 |
LOCATIONS
|
Registered Office : |
Plot No.1162, Mayuri Nagar, Miyaour, Hyderabad – 500049, Andhra
Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9966485444 (Mr. Vijaya) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
(AS ON 29.09.2011)
|
Name : |
Mrs. Manjula Tangali Ramaiyengar |
|
Designation : |
Director |
|
Address : |
Flat 419A, Block A, Majestic Mansions, Begurpet, Hyderabad, Andhra
Pradesh, India |
|
Date of Birth/Age : |
18.03.1959 |
|
Date of Appointment : |
15.07.2004 |
|
DIN No.: |
01900719 |
|
|
|
|
Name : |
Mr. Gonuguntala Vijaya Paghavan |
|
Designation : |
Director |
|
Address : |
Plot No.23, Second Floor, Sancharouri Colony, New Bowenpally,
Secunderabad, India |
|
Date of Birth/Age : |
12.06.1948 |
|
Date of Appointment : |
15.07.2004 |
|
DIN No.: |
01520596 |
|
|
|
|
Name : |
Mrs. Padma Ramachandra Murundi |
|
Designation : |
Director |
|
Address : |
Plot No.23, Second Floor, Sancharouri Colony, New Bowenpally,
Secunderabad, India |
|
Date of Birth/Age : |
21.06.1967 |
|
Date of Appointment : |
15.07.2004 |
|
DIN No.: |
01520583 |
|
|
|
|
Name : |
Mr. Venkatesh Ramaswamy Iyengar Devanur |
|
Designation : |
Additional Director |
|
Address : |
Flat No.419 A, Block A, Magistic Mansion Shyamlal Building, Begumpet,
Hyderabad – 500016, Andhra Pradesh, India |
|
Date of Birth/Age : |
30.05.1956 |
|
Date of Appointment : |
05.03.2009 |
|
DIN No.: |
01499923 |
KEY EXECUTIVES
|
Name : |
Mr. Vijaya Raghavan |
|
Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Padma Ramachandra Murundi |
|
12500 |
|
Manjula Tangali Ramaiyengar |
|
12500 |
|
Gonuguntala Vijaya Paghavan |
|
2500 |
|
Gargayee Venkatesh Iyengar |
|
5000 |
|
Subbaraya G |
|
5000 |
|
Venkata Lakshmi G |
|
5000 |
|
Anuradha G |
|
2500 |
|
Radhamma D |
|
5000 |
|
|
|
|
|
Total |
|
50000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Beneficial Microorganisms, Herbal
Extracts and Formulation etc. |
|
|
|
|
Exports : |
|
|
Products : |
· Beneficial Microorganisms · Herbal Extracts and Formulation |
|
Countries : |
· Thailand · Vietnam · South Africa |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and End Users |
|
|
|
|
No. of Employees : |
50 (Approximately) |
|
|
|
|
Bankers : |
· Royal Bank of Scotland Hyderabad Branch, Andhra Pradesh, India · ICICI Bank Kukatpally Branch, Hyderabad, Andhra Pradesh, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ankit and Company Chartered Accountants |
|
Address : |
4-3-368, Bank Street, Hyderabad – 500095, Andhra Pradesh, India |
|
PAN No.: |
AAFFA7603Q |
CAPITAL STRUCTURE
(AS ON 29.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
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 |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
3.030 |
3.030 |
3.030 |
|
|
3] Reserves & Surplus |
0.735 |
0.261 |
0.122 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.265 |
3.791 |
3.652 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.135 |
0.135 |
0.135 |
|
|
TOTAL BORROWING |
0.135 |
0.135 |
0.135 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.400 |
3.926 |
3.787 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.426
|
0.625 |
0.476 |
|
|
Sundry Debtors |
7.186
|
1.098 |
2.300 |
|
|
Cash & Bank Balances |
3.603
|
3.249 |
1.542 |
|
|
Other Current Assets |
1.888
|
0.746 |
0.000 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.048 |
|
Total
Current Assets |
13.103
|
5.718 |
4.366 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
8.439
|
1.723 |
0.805 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.264
|
0.069 |
0.064 |
|
Total
Current Liabilities |
8.703
|
1.792 |
0.869 |
|
|
Net Current Assets |
4.400
|
3.926 |
3.497 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.290 |
|
|
|
|
|
|
|
|
TOTAL |
4.400
|
3.926 |
3.787 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
13.762 |
4.388 |
5.007 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
13.762 |
4.388 |
5.007 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses (Raw Materials and Manufacturing Expense) |
10.462 |
2.878 |
3.369 |
|
|
|
Administrative and Selling Expenses |
2.036 |
0.539 |
0.817 |
|
|
|
Research and development Expenses |
0.090 |
0.086 |
0.086 |
|
|
|
Payment and Benefit to Employee |
0.460 |
0.385 |
0.358 |
|
|
|
Deferred Revenue Expenses |
0.000 |
0.290 |
0.290 |
|
|
|
Miscellaneous Expenses Written off |
0.000 |
0.000 |
0.006 |
|
|
|
TOTAL (B) |
13.048 |
4.178 |
4.926 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.714 |
0.210 |
0.081 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.014 |
0.001 |
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.700 |
0.209 |
0.077 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.700 |
0.209 |
0.077 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.225 |
0.070 |
0.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.475 |
0.139 |
0.051 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.261 |
0.122 |
0.071 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.736 |
0.261 |
0.122 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.50 |
2.78 |
1.02 |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
40.000 |
30.000 |
Expected Sales (2013-14): Rs.50.000 Millions
The above information has been parted by Mr. Vijaya Raghavan.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.45
|
3.17 |
1.02 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.09
|
4.76 |
1.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.34
|
3.66 |
1.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.06 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.03
|
0.04 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51
|
3.19 |
5.02 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm / promoter
involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
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 |
No |
OPERATIONS
The
research products in the category of Probiolics have received good response
from their Customers both in corporate, non-corporate and other sectors.
The Company
is focused to develop Bio Solutions for Agriculture, Aquaculture, Poultry and
Large Animals; and microbial solutions for Effluent Treatment / Environment
Management. The Company has collaborated with an in-house R&D Centre of an associate company
recognized by Dept of Scientific and Industrial Research, Govt of India. The
Company has developed promising Bio Solutions and the same have been test
marketed during the year and the response is very encouraging.
The
Company has developed a unique probiotic complex for optimizing the feed
conversion ratio in poultry and the same has been validated by research
scholars at Veterinary College, Karnataka Veterinary, Animals and Fisheries
Sciences University. The Company has developed and lest marketed a probiotic
product for lactation optimization in milch animals.
The
Company has developed Data Packages for BioPesticides like Karanjin,
Vcrticillium Lecanii, Metarhizium Anisopliae and Beauveria Hassiana. The
Dossiers have been submitted to the Central Insecticides Board, Govt of India
for grant of Registrations. The Data Generation expenses have been shared with
other companies to keep the costs al the minimum
FUTURE
PROSPECTS
The
Company expects to reach greater heights in future by and large barring
unforeseen circumstances, the results are expected to be good in the year to come. The company has
promising BioPestieides, BioFertilizers, Bio Agri Inputs, Animal Probiotics and
Microbes for Effluent Treatment/ Environment Management. The Company proposes to
raise funds for setting up state of the art Fermentation and downstream
facility to manufacture products of Bio Solutions for Animals and Environment.
The Company also envisages setting up of Microbiological/ Process Development
laboratory in the near future.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY.
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 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.58.91 |
|
|
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.