MIRA INFORM REPORT

Report Date :

22.06.2013

IDENTIFICATION DETAILS

Name :	MALLADI DRUGS AND PHARMACEUTICALS LIMITED
Registered Office :	No. 9, GST Road, St. Thomas Mount, Chennai- 600016, Tamilnadu
Country :	India
Financials (as on) :	31.03.2012 (Profit and Loss)
Date of Incorporation :	21.08.1980
Com. Reg. No.:	18-008382
Capital Investment / Paid-up Capital :	Rs.141.060 Millions
CIN No.: [Company Identification No.]	U24230TN1980PLC008382
TAN No.: [Tax Deduction & Collection Account No.]	CHEM00349G
PAN No.: [Permanent Account No.]	AAACM5031A
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Manufacturers and Distributors of Pharmaceuticals.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (36)

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

Maximum Credit Limit :	USD 4990000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. There appears slight dip in sales and increased huge loss during 2012. 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 at usual trade terms and conditions.

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 31^st, 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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Bank Facilities: BB+
Rating Explanation	Having moderate risk of default regarding timely servicing of financial obligation.
Date	June, 2011

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 :	No. 9, GST Road, St. Thomas Mount, Chennai- 600016, Tamilnadu, India.
Tel. No.:	91-44-39876900
Fax No.:	91-44-39876914
E-Mail :	marketing@malladiinc.com materials@malladiinc.com prashant@malladiinc.com sita@malladiinc.com vvr@malladiinc.com info@malladi.co.in
Website :	http://www.malladi.com http://www.malladiinc.com http://www.malladi.co.in
Location :	Owned
Factory :	v Plot No. 67, Sipcot Industiral Complex, Ranipet – 632403, Vellore District , India v Plot Nos. 7 B & 7C, Sipcot Industiral Complex, Ranipet – 632403, Vellore District, India v Plot No. 6A, 7A, Sipcot Industiral Complex, Ranipet – 632403, Vellore District, India v Plot Nos. 49, 50, 55 & 56, IDA Gajulamandyam, Attur P. O., Renigunta, Tirupati – 517520, India v Tantech Agro Chemicals Limited, Sipcot Industrial Complex, Ranipet – 632403, Vellore District, India Rest are: Tirupati and Guddalore
Branch Office :	Located at : v 14, Raghavan Reddy Colony, Ashok Nagar, Chennai - 600 083, Tamilnadu, India Tel No. : 91-44-24892056 v 137 B, Old Mahabalipuram Road, Chennai - 600 096, Tamilnadu, India Tel. No. : 91-44-24960761 / 24960629 / 24960633 v 14, Dr. Natesan Salai, Ashok Nagar, Chennai - 600 083, Tamilnadu Tel No. : 91-44-24890185

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Prashant Malladi

Designation :

Managing Director

Address :

No.31, Navarathna Gardens, Ekkatuthangal, Chennai – 600097, Tamilnadu, India.

Date of Birth/Age :

20.05.1959

Qualification :

B. Com, (ICWA)

Date of Appointment :

03.09.1998

Previous Employment :

Consultant in Saka Marketing Services Private Limited

DIN :

00133341

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	U24117TN1989PLC017845	MALLADI SPECIALITIES LIMITED	Director	20/09/1990	20/09/1990	Active	NO
2	U74999TN1979PTC007807	SAKA MARKETING SERVICES PRIVATE LIMITED	Director	7/12/1990	7/12/1990	Active	NO
3	U24230TN1980PLC008382	MALLADI DRUGS AND PHARMACEUTICALS LIMITED	Managing director	3/9/2011	3/9/1998	Active	NO
4	L24121TN1989PLC018170	TANTECH AGRO CHEMICALS LIMITED	Director	14/05/2004	14/05/2004	Active	NO

Name :

Mrs. Shreya Sistla

Designation :

Whole Time Director

Address :

No.41, Navarathna Gardens, Ekkatuthangal, Chennai – 600 097, Tamilnadu

Date of Birth/Age :

15.10.1962

Qualification :

B.Tech.

Date of Appointment :

02.12.1998

DIN :

00133354

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	U24117TN1989PLC017845	MALLADI SPECIALITIES LIMITED	Director	14/09/1991	14/09/1991	Active	NO
2	U24230TN1980PLC008382	MALLADI DRUGS AND PHARMACEUTICALS LIMITED	Whole-time director	1/10/2010	2/12/1998	Active	NO
3	U74999TN1979PTC007807	SAKA MARKETING SERVICES PRIVATE LIMITED	Director	26/12/1998	26/12/1998	Active	NO
4	L24121TN1989PLC018170	TANTECH AGRO CHEMICALS LIMITED	Director	14/05/2004	14/05/2004	Active	NO

Name :

Mr. Gopalakrishnan Narayanaswamy Venganellor

Designation :

Whole Time Director

Address :

B – 2, Aditiyaa Malaviya Nagar, Thiruvanmiyur, Chennai – 600041, Tamilnadu, India

Date of Birth/Age :

05.08.1952

Qualification :

B.E., (Chemicals)

Date of Appointment :

02.12.1998

DIN :

00198785

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U24117TN1989PLC017845	MALLADI SPECIALITIES LIMITED	Director	7/9/2006	29/09/1995	28/06/2010	Active	NO
2	U24230TN1980PLC008382	MALLADI DRUGS AND PHARMACEUTICALS LIMITED	Whole-time director	12/5/2011	2/12/1998	-	Active	NO
3	U74999TN1979PTC007807	SAKA MARKETING SERVICES PRIVATE LIMITED	Director	26/12/1998	26/12/1998	-	Active	NO
4	L24121TN1989PLC018170	TANTECH AGRO CHEMICALS LIMITED	Director	14/05/2004	14/05/2004	-	Active	NO

Name :

Mr. Aaditiyaa Manickavelu Thevandavakkam

Designation :

Director

Address :

Flat No. 2, Block B 3, Plaza “Serene Acres”, Thorapakkam Chrompet Road, Okkiam Thorapakkam, Chennai – 600097, Tamilnadu, India.

Date of Birth/Age :

04.03.1960

Qualification :

B.Com., A.C.A., A.I.C.W.A.,

Date of Appointment :

11.03.1998

DIN :

00122605

Name :

Mr. Dilip Keshavlal Patel

Designation :

Director

Address :

D-70, 5^th Floor, Bina Apartments, Sir M. V. Road, Andheri [East], Mumbai – 400069, Maharashtra, India

Qualification :

B.E.,(Chemicals)

Date of Birth/Age :

20.10.1947

Date of Appointment :

17.06.2003

DIN :

00013150

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	U24230TN1980PLC008382	MALLADI DRUGS AND PHARMACEUTICALS LIMITED	Director	17/06/2003	17/06/2003	Active	NO
2	L17120MH1987PLC042598	EUROTEX INDUSTRIES AND EXPORTS LIMITED	Director	29/07/2003	29/07/2003	Active	NO
3	U25209MH1973PTC016846	POLYSET PLASTICS PRIVATE LIMITED	Director	29/07/2005	29/07/2005	Active	NO
4	L24230AP1987PLC008016	GODAVARI DRUGS LIMITED	Director	27/09/2006	27/09/2006	Active	NO
5	U40201GJ2000PLC037850	CELESTIAL BIOLOGICALS LIMITED	Director	29/09/2008	7/12/2007	Active	NO
6	L74999MH1995PLC085878	Solar Industries India Limited	Director	24/09/2008	18/06/2008	Active	NO
7	U28910MH1981PLC024161	MINEX METALLURGICAL COMPANY LIMITED	Director	1/8/2008	1/8/2008	Active	NO
8	U45201MH2006PLC165973	RELCON INFRAPROJECTS LIMITED	Director	30/09/2010	27/08/2010	Active	NO
9	L26100MH1998PLC117437	SEZAL GLASS LIMITED	Director	12/8/2011	12/8/2011	Active	NO

Name :

Mr. Sunil Vasant Diwakar

Designation :

Nominee Director

Address :

C – 002, Shreeji Valle, Almcide Road, Opp. Nitin Casting, Punch Pakhadi, Thane West, Mumbai – 400602, Maharashtra, India.

Date of Birth/Age :

22.05.1963

Qualification :

M. Tech

Date of Appointment :

27.12.2004

DIN :

00089266

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U24230TN1980PLC008382	MALLADI DRUGS AND PHARMACEUTICALS LIMITED	Nominee director	27/12/2004	27/12/2004	-	Active	NO
2	U32301TN1994PLC028160	PRASAD CORPORATION LIMITED	Nominee director	15/10/2005	15/10/2005	-	Active	NO
3	U63090MH1997PLC108197	CONTINENTAL WAREHOUSING CORPORATION (NHAVA SEVA) LIMITED	Nominee director	1/12/2010	15/05/2006	11/4/2011	Active	NO
4	L99999DN1982PLC000128	JBF INDUSTRIES LIMITED	Director	27/07/2007	17/07/2006	-	Active	NO
5	U32305MH2000PTC124260	EBS WORLDWIDE SERVICES PRIVATE LIMITED	Nominee director	20/07/2006	20/07/2006	11/9/2009	Active	NO
6	L17226WB1946PLC013554	EASTERN SILK INDUSTRIES LIMITED	Nominee director	20/07/2006	20/07/2006	4/3/2011	Active	NO
7	U24230MH1971PLC015134	BHARAT SERUMS AND VACCINES LIMITED	Director	25/09/2009	7/8/2006	30/03/2010	Active	NO
8	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Nominee director	26/09/2007	9/7/2007	-	Active	NO
9	U34300PN1992PLC021849	INTERNATIONAL AUTO LIMITED	Nominee director	26/09/2007	9/7/2007	-	Amalgamated	NO
10	U24231MH1993PLC150891	ARCH PHARMALABS LIMITED	Nominee director	28/01/2008	28/01/2008	9/12/2010	Active	NO
11	U85110KA1961PLC001433	BHARAT FRITZ WERNER LIMITED	Additional director	27/09/2008	28/07/2008	-	Active	NO
12	U27310JH2006PLC012663	ELECTROSTEEL STEELS LIMITED	Nominee director	31/08/2009	31/08/2009	-	Active	NO
13	L55101DL2007PLC157518	ASIAN HOTELS (WEST) LIMITED	Director	18/09/2010	10/8/2010	-	Active	NO
14	U63090MH2009PLC219843	JICS LOGISTIC LIMITED	Director	24/08/2011	18/07/2011	-	Active	NO

Name :

Mr. Albert Hansen

Designation :

Nominee Director

Address :

1729, Port Sheffield, New Port Beach, CA- 92660, USA

Date of Birth/Age :

03.10.1954

Qualification :

Graduate

Date of Appointment :

24.06.2005

DIN :

02564215

Name :

Mr. Lawrance Mohan Roy

Designation :

Alternate Director

Address :

No. 14, Opposite Rohini Manor, SG Palaya, C V Raman Nagar, Bangalore – 560093, Karnataka, India

Date of Birth/Age :

26.04.1969

Qualification :

B.E., M.B.A.

Date of Appointment :

12.06.2008

DIN :

02215814

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U24230TN1980PLC008382	MALLADI DRUGS AND PHARMACEUTICALS LIMITED	Alternate director	30/06/2008	12/6/2008	-	Active	NO
2	U85110KA1961PLC001433	BHARAT FRITZ WERNER LIMITED	Alternate director	26/07/2010	28/07/2008	10/8/2010	Active	NO
3	U27310JH2006PLC012663	ELECTROSTEEL STEELS LIMITED	Alternate director	31/08/2009	31/08/2009	-	Active	NO

Name :

Ms. Vandana Rajadhyaksha

Designation :

Nominee Director

Address :

No.301, 3^rd Floor, Lakshmi Gopal, Hatishkar Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

09.10.1971

Qualification :

B.E., M.B.A.

Date of Appointment :

18.06.2010

DIN :

00164120

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U92100MH2000PLC127832	CAFE NETWORK LIMITED	Director	29/06/2001	29/06/2001	27/06/2008	Active	YES
2	U57909DL2000PTC103931	WEBQUITY E-MARKETING PRIVATE LIMITED	Director	14/03/2002	14/03/2002	-	Strike off	NO
3	U24231MH1993PLC150891	ARCH PHARMALABS LIMITED	Nominee director	19/07/2007	19/07/2007	-	Active	NO
4	U34102DL1989PLC034982	SAINIK MINING AND ALLIED SERVICES LIMITED	Nominee director	5/6/2009	5/6/2009	-	Active	NO
5	U24230TN1980PLC008382	MALLADI DRUGS AND PHARMACEUTICALS LIMITED	Nominee director	30/09/2010	18/06/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. R Krishnan
Designation :	Secretary
Date of Appointment :	25.06.2010
PAN :	AAOPK4452E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As On 30.09.2011

Names of Shareholders	No. of Shares
Mrs. M. Prabhavathi	92179
Mr. M. Prashant	249402
Mr. M. Prashant	57088
Mrs. S. Shreya	65253
Mrs. S. Shreya	60420
Mrs. S. Shreya	103
Mrs. M Parvathi	42772
Mrs. M Parvathi	178984
Mrs. M Parvathi	31874
Malladi Project Management Centre Private Limited, India	3327552
Malladi Project Management Centre Private Limited, India	353
Malladi Project Management Centre Private Limited, India	1766000
Saka Marketing Services Private Limited, India	3003199
TIIC Limited, India	770000
Mr. M. S. Pawan	154
Mr. V. N. Gopalakrishnan	38500
Mr. V. N. Gopalakrishnan	14630
M. Parvathi and M. Prashant	279961
MDPL Employee Welfare Trust	774620
Sara Fund Trustee Company Limited, India	2074413
Leverage India Fund C/o Land FS	3687845
IVC Employee Welfare Trust	80000
India Advantage Fund	4985936
LOF Mauritius – LLC, Mauritius	3319060
Dynamic India Fund – I [Trustee – ICICI Bank Limited]	3273839
Beena Mukesh Chotai	37876
Total	2821201328212013

As on 30.09.2011

Equity Share Break Up Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie’s Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	12.00
Venture Capital	50.00
Bodies corporate	28.00
Directors or relatives of Directors	4.00
Other top fifty shareholders	3.00
Public Financial Companies	3.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers and Distributors of Pharmaceuticals.

Products :

Product Description	ITC Code No
Pseudo Ephedrine Chloride	2939.41
Ephedrine Hydrochloride	2939.41
Phenyl Ephrine	3041

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· State Bank of India, Commercial Branch, 232, NSC Bose Road, Chennai - 600001, Tamil Nadu, India

· Union Bank of India, Ashok Nagar Branch, Plot No.1209, 1st Avenue, Ashok Nagar, Chennai - 600083, Tamil Nadu, India

Facilities:

Secured Loans	31.03.2011 Rs.in millions	31.03.2010 Rs in Millions
From Banks
Rupee Term Loan	245.154	340.893
Foreign Currecny loan	259.187	175.078
Working Capital loan	338.108	365.632
Interest Accrued and Due	1.658	2.667
TOTAL	844.107	884.270
Unsecured Loans	31.03.2011 Rs.in millions	31.03.2010 Rs in Millions
Rupee term loan	27.100	28.684
Public Deposits	0.000	0.000
Deferred Sales Tax loan	31.435	32.829
Other debt	9.150	1.885
TOTAL	67.685	63.398

Banking Relations :	--
Financial Institution :	India Equipment Leasiny Limited, 21, Patullos Road, Madras – 600002, Tamilnadu, India
Auditors :
Name :	Price Water House Chartered Accountants
Address :	32, Khader Nawazkhan Road, Nungambakkam, Chennai – 600006, Tamilnadu, India
PAN :	AAEFP5579P
Subsidiaries :	v Malladi Inc. USA76, National Road, Edison, NJ 08818 v Tantech Agro Chemicals Limited CIN : L24121TN1989PLC018170 v Novus Fine Chemicals LLC USA v Malladi Project Management Centre Private Limited v Saka Marketing Service Private Limited v Sreeprabha Franchise – Association of Persons [SPF] v Marine and Agro Products Private Limited v Malladi Specialties Limited [MSL] – formerly known as Lactochem India Limited [LCL]

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
30,000,000	Equity Shares	Rs. 5/- each	Rs 150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
28,212,013	Equity Shares	Rs.5/- each	Rs.141.060 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		141.060	141.060	141.060
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1108.280	1033.712	962.346
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1249.340	1174.772	1103.406
LOAN FUNDS
1] Secured Loans		844.107	884.270	919.595
2] Unsecured Loans		67.685	63.398	47.527
TOTAL BORROWING		911.792	947.668	967.122
DEFERRED TAX LIABILITIES		112.379	123.394	137.124
TOTAL		2273.511	2245.834	2207.652
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		753.706	794.235	812.630
Capital work-in-progress		2.128	13.097	7.233
INVESTMENT		671.272	671.272	510.995
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	551.122	518.887	454.215
	Sundry Debtors	661.181	411.762	488.243
	Cash & Bank Balances	62.647	42.325	103.963
	Other Current Assets	64.594	94.358	81.137
	Loans & Advances	312.756	297.781	327.997
Total Current Assets		1652.300	1365.113	1455.555
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	726.337	468.540	422.698
	Current Liabilities	76.200	112.396	140.178
	Provisions	3.358	16.947	15.885
Total Current Liabilities		805.895	597.883	578.761
Net Current Assets		846.405	767.230	876.794
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2273.511	2245.834	2207.652

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1814.602	1900.510	1839.022
		Other Income	62.765	58.816	80.059
		TOTAL (A)	1877.367	1959.326	1919.081
Less	EXPENSES
		Consumption materials changes inventories	919.403	1034.325	957.295
		Purchase of Stock in Trade	44.990	39.732	0.000
		Manufacturing service costs	0.000	0.000	227.423
		Contract cost	0.000	0.00	21.427
		Employee related expenses	155.112	143.855	158.300
		Administrative selling other expenses	0.000	0.000	163.562
		Research development expenditure	0.000	0.000	57.359
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	3.657	(12.076)	0.000
		Other Expenses	548.020	507.701	0.000
		TOTAL (B)	1671.182	1713.537	1585.366
	PROFIT/[LOSS] BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		206.185	245.789	333.715
Less	FINANCIAL EXPENSES (D)		199.610	132.030	125.716
	PROFIT/[LOSS] BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		6.575	113.759	207.999
Less/ Add	DEPRECIATION/ AMORTISATION (F)		75.283	76.206	79.712
	Exceptional income expense, net		[352.415]	0.000	[37.151]
	PROFIT / [LOSS] BEFORE TAX (E-F) (G)		[421.123]	37.553	91.136
Less	TAX (H)		[4.270]	[17.015]	19.770
	PROFIT / [LOSS] AFTER TAX (G-H) (I)		[416.853]	54.568	71.366
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	NA	[17.149]
	BALANCE CARRIED TO THE B/S		NA	NA	54.217
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Export	NA	NA	1187.867
	TOTAL EARNINGS		NA	NA	1187.867
	IMPORTS
		Raw Materials	-	-	256.257
		Capital Goods	-	-	16.084
	TOTAL IMPORTS		NA	NA	272.341
	Earnings/[Loss] Per Share (Rs.)		[2.28]	1.93	2.53

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(22.20)	2.78	3.72
Net Profit Margin (PBT/Sales)	(%)	(23.21)	1.97	4.95
Return on Total Assets (PBT/Total Assets}	(%)	NA	1.56	4.22
Return on Investment (ROI) (PBT/Networth)		NA	0.03	0.08
Debt Equity Ratio (Total Liability/Networth)		NA	1.37	1.31
Current Ratio (Current Asset/Current Liability)		NA	2.05	2.28

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	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	No
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC (Profit and Loss)	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

Note : Registered office address of the company has been shifted from 52, Jawaharlal Nehru Salai, Ekkattuthangal, Chennai - 600 097, Attuthangal, Chennai - 600 097, Tamil Nadu, India to the present address w.e.f. 09.10.2008

Bankers Charges Report as per Registry

Corporate identity number of the company	U24230TN1980PLC008382
Name of the company	MALLADI DRUGS AND PHARMACEUTICALS LIMITED
Address of the registered office or of the principal place of business in India of the company	9, G S T Road, St. Thomas Mount, Chennai – 600016, Tamil Nadu, India
This form is for	Modification of charge
Type of charge	Immovable Property
Particular of charge holder	Union Bank of India
Nature of instrument creating charge	Memorandum of Deposit of Title Deeds registered with Sub-Registrar Office, Walaja,Vellore District by Document No.3707/2013.
Date of instrument Creating the charge	04.04.2013
Amount secured by the charge	Rs.1371.200 millions
Brief of the principal terms an conditions and extent and operation of the charge	Extent and Operation of the charge – Continuation of Pari passu first charge on current assets and second Pari passu charge on fixed assets for working capital facilities. Continuation of Pari passu first charge on fixed assets and second Pari passu charge on current assets for term loan facilities.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All the piece and parcel of land & buildings together with structures thereon and machineries located at Plot No.67, 7B & 7C at Sipcot Industrial Complex, Ranipet. Details of the Properties mortgaged are mentioned in Schedule to Memorandum of Deposit of Title Deeds registered with Sub-Registrar Office, Walaja,Vellore District by Document No.3707/2013.

FIXED ASSETS:- 

v Goodwill

v Land and Land Development

v Leasehold Land

v Building

v Plant and Machinery

v Furniture and Fixture

v Office Equipments

v Vehicles

v Technical Know-how

v Product Development

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 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.59.35
UK Pound	1	Rs.92.11
Euro	1	Rs.78.59

INFORMATION DETAILS

Information Gathered by :	--
Report Prepared by :	SDA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		36

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.