MIRA INFORM REPORT

PRELIMINARY REPORT

Report Date :

13.11.2013

IDENTIFICATION DETAILS

Name :	ANDHRA ORGANICS LIMITED
Registered Office :	Plot No – 8, S. V. Co-operative Industrial Estate, I.D.A, Jeedimetla, Hyderabad – 500055, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	11.02.1991
Com. Reg. No.:	01-012314
Capital Investment / Paid-up Capital :	Rs.45.117 Millions
CIN No.: [Company Identification No.]	U24116AP1991PLC012314
TAN No.: [Tax Deduction & Collection Account No.]	HYDA02175F
PAN No.: [Permanent Account No.]	AABCA8911E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Bulk Drugs.
No. of Employees :	Not Available

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

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	ICRA
Rating	A+ (Long Term Fund Based Limits)
Rating Explanation	Adequate credit quality and average credit risk.
Date	December 2012

Rating Agency Name	ICRA
Rating	A1+ (Short Term Non Fund Based Limits)
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	December 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 :	Plot No – 8, S. V. Co-operative Industrial Estate, I.D.A, Jeedimetla, Hyderabad – 500005, Andhra Pradesh, India
Tel. No.:	91-40-23196999
Fax No.:	91-40-23196777
E-Mail :	taxation@virchows.com info@andhraorganics.com purchase@andhraorganics.com finance@andhraorganics.com
Factory :	Plot No. 110A, IDA, Pyadibhimavaram, Ranastalam Mandal, Srikakulam District, Andhra Pradesh, India
Tel. No.:	91-8942-288215
Fax No.:	91-8942-288151

DIRECTORS

As on: 12.09.2012

Name :

Mr. Mundla Narayana Reddy

Designation :

Director

Address :

Plot No. 15A, Road No.2, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

01.06.1951

Date of Appointment :

08.09.2004

DIN No.:

00064392

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24232AP1982PLC003368	VIRCHOW LABORATORES LIMITED.	Managing director	01/06/2011	20/01/1982	-	Active	NO
2	U24210AP2001PTC036520	VIRCHOW BIOTECH PRIVATE LIMITED	Director	04/04/2001	04/04/2001	-	Active	NO
3	U74210AP1974PTC001733	IMEX ENGINEERING CO PVT LTD	Director	18/10/2001	18/10/2001	-	Active	YES
4	U24230AP2002PTC039606	COVALENT LABORATORIES PRIVATE LIMITED	Director	15/05/2003	15/05/2003	-	Active	NO
5	U23209AP2003PTC041101	VIRCHOW PETROCHEMICAL PRIVATE LIMITED	Director	04/06/2003	04/06/2003	-	Active	NO
6	U24239AP2004PLC042949	VIRCHOW DRUGS LIMITED	Director	25/03/2004	25/03/2004	-	Active	NO
7	U24116AP1991PLC012314	ANDHRA ORGANICS LIMITED	Director	08/09/2004	08/09/2004	-	Active	NO
8	U24110AP2005PTC046609	EMMENNAR CHEM PRIVATE LIMITED	Director	22/06/2005	22/06/2005	-	Amalgamated	NO
9	U45200AP2005NPL045814	HYDERABAD PHARMA INFRASTRUCTURE AND TECHNOLOGIES	Director	21/12/2006	21/12/2006	17/01/2011	Active	NO
10	U24230MH2007PTC176048	VIRCHOW HEALTHCARE PRIVATE LIMITED	Director	20/11/2007	20/11/2007	-	Active	NO
11	U24299AP2002PTC039653	EMMENNAR PHARMA PRIVATE LIMITED	Director	10/03/2008	10/03/2008	-	Active	NO
12	U74999AP2007PLC052432	SV'S REMEDIES LIMITED	Director	29/09/2012	16/05/2012	-	Active	NO

Name :

Dr. Nandigala Venkata Reddy

Designation :

Director

Address :

Plot No. 550, Road No.19, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

01.07.1943

Date of Appointment :

08.09.2004

DIN No.:

01740424

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65910AP1980PTC002612	NANDINI FINANCE PVT LTD	Director	10/11/1986	10/11/1986	01/04/2013	Active	NO
2	U65910AP1985PTC005769	LVSR LEASING AND FINANCE PRIVATE LIMITED	Director	05/08/1987	05/08/1987	-	Active	NO
3	U24232AP1982PLC003368	VIRCHOW LABORATORES LIMITED.	Managing director	01/06/2011	30/09/1996	-	Active	NO
4	U24210AP2001PTC036520	VIRCHOW BIOTECH PRIVATE LIMITED	Director	04/04/2001	04/04/2001	-	Active	NO
5	U74210AP1974PTC001733	IMEX ENGINEERING CO PVT LTD	Director	18/10/2001	18/10/2001	-	Active	YES
6	U23209AP2003PTC041101	VIRCHOW PETROCHEMICAL PRIVATE LIMITED	Director	04/06/2003	04/06/2003	-	Active	NO
7	U24116AP1991PLC012314	ANDHRA ORGANICS LIMITED	Director	08/09/2004	08/09/2004	-	Active	NO
8	U72300AP2007PTC055671	MAX INFRATECH (INDIA) PRIVATE LIMITED (PART IX)	Director	25/09/2007	25/09/2007	03/11/2007	Amalgamated	NO
9	U24239AP2004PLC042949	VIRCHOW DRUGS LIMITED	Director	29/09/2009	31/03/2009	-	Active	NO

Name :

Mundla Sudha

Designation :

Director

Address :

Plot No. 15A, Road No.2, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

19.04.1982

Date of Appointment :

20.03.2006

DIN No.:

00054013

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24232AP1982PLC003368	VIRCHOW LABORATORES LIMITED.	Director	14/03/2002	14/03/2002	-	Active	NO
2	U24299AP2002PTC039653	EMMENNAR PHARMA PRIVATE LIMITED	Director	23/09/2002	23/09/2002	-	Active	NO
3	U24116AP1991PLC012314	ANDHRA ORGANICS LIMITED	Director	20/03/2006	20/03/2006	-	Active	NO
4	U23209AP2003PTC041101	VIRCHOW PETROCHEMICAL PRIVATE LIMITED	Whole-time director	01/04/2008	27/09/2006	-	Active	NO
5	U24239AP2004PLC042949	VIRCHOW DRUGS LIMITED	Director	29/09/2009	31/03/2009	-	Active	NO

Name :

Mr. Sree Phani Kumar Reddy Mallidi

Designation :

Director

Address :

Padmaja palace, Flat No. 401, Srinagar Colony, Hyderabad, Andhra Pradesh, India

Date of Birth/Age :

26.10.1971

Date of Appointment :

08.09.2004

DIN No.:

00307899

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24129AP1976PTC002072	CORAMANDEL INFRASTRUCTURE PRIVATE LIMITED	Managing director	07/09/1996	07/09/1996	03/11/2007	Active	NO
2	U85195AP1988PLC008172	SARACA LABORATORIES LIMITED	Director	09/05/1997	09/05/1997	-	Active	NO
3	U24116AP1991PLC012314	ANDHRA ORGANICS LIMITED	Director	08/09/2004	08/09/2004	-	Active	NO
4	U24232AP2007PTC053072	LUCID MEDICAL DIAGNOSTICS PRIVATE LIMITED	Director	09/03/2007	09/03/2007	01/11/2010	Active	NO
5	U85100AP2010PTC066965	LUCID DIAGNOSTIC SOLUTIONS PRIVATE LIMITED	Director	10/02/2010	10/02/2010	24/12/2010	Active	NO
6	U85191AP2011PTC075961	LUCID DIAGNOSTICS CENTRE PRIVATE LIMITED	Director	12/08/2011	12/08/2011	-	Active	NO
7	U01119AP2003PTC041228	SRI ANA BHASKARA AGRO FARMS PRIVATE LIMITED	Additional director	13/03/2012	13/03/2012	-	Active	NO
8	U45200AP2003PTC040206	SNEHA PRAGATHI ESTATES PRIVATE LIMITED	Additional director	13/03/2012	13/03/2012	-	Active	NO
9	U45200AP1999PLC030861	MAX INFRA (I) LIMITED	Whole-time director	14/05/2012	14/05/2012	-	Active	NO

Name :

Mr. Nandigala Prasanth

Designation :

Whole-time Director

Address :

Plot No. 550, Road No. 19, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

14.04.1972

Date of Appointment :

01.04.2011

DIN No.:

01740471

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24232AP1982PLC003368	VIRCHOW LABORATORES LIMITED.	Director	25/10/1999	25/10/1999	-	Active	NO
2	U74210AP1974PTC001733	IMEX ENGINEERING CO PVT LTD	Director	18/10/2001	18/10/2001	-	Active	YES
3	U24230AP2002PTC039606	COVALENT LABORATORIES PRIVATE LIMITED	Director	15/05/2003	15/05/2003	-	Active	NO
4	U24116AP1991PLC012314	ANDHRA ORGANICS LIMITED	Whole-time director	01/04/2011	08/09/2004	-	Active	NO
5	U24239AP2004PLC042949	VIRCHOW DRUGS LIMITED	Director	12/09/2007	12/09/2007	-	Active	NO
6	U74999AP2007PLC052432	SV'S REMEDIES LIMITED	Director	29/09/2012	16/05/2012	-	Active	NO

Name :

Mr. Ravinder Reddy Devireddy

Designation :

Director

Address :

Plot No. 143, Siddhartha Nagar, Behind Vengalrao Nagar, Hyderabad – 560038, Andhra Pradeh, India

Date of Birth/Age :

14.08.1934

Date of Appointment :

08.09.2004

DIN No.:

02440531

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24232AP1982PLC003368	VIRCHOW LABORATORES LIMITED.	Director	30/09/1996	30/09/1996	-	Active	NO
2	U24116AP1991PLC012314	ANDHRA ORGANICS LIMITED	Director	08/09/2004	08/09/2004	-	Active	NO

Name :

Maha Vishnu Mundla

Designation :

Whole-time Director

Address :

Plot No. 15/A, Road No.2, Jubliee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

15.02.1987

Date of Appointment :

12.02.2011

DIN No.:

02470664

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U85195AP1988PLC008172	SARACA LABORATORIES LIMITED	Director	17/02/2006	17/02/2006	-	Active	NO
2	U24116AP1991PLC012314	ANDHRA ORGANICS LIMITED	Whole-time director	01/04/2011	12/02/2011	-	Active	NO
3	U24110AP2005PTC046609	EMMENNAR CHEM PRIVATE LIMITED	Director	23/09/2011	27/04/2011	-	Amalgamated	NO
4	U24299AP2002PTC039653	EMMENNAR PHARMA PRIVATE LIMITED	Director	16/09/2011	01/08/2011	-	Active	NO

MAJOR SHAREHOLDERS

As on: 12.09.2012

Names of Shareholders	No. of Shares
Virchow Laboratories Limited, India	4510990
Linga Reddy Venkata Subash	100
M. Narayana Reddy	100
M. Lakshmi Prasanna	100
Nandigala Venkata Reddy	100
Nandigala Prasanth	100
D. Ravindra Reddy	100
M. S. Phani Kumar	100
Total	4511690

Equity Share Break up (Percentage of Total Equity)

As on: 12.09.2012

Category	Percentage
Bodies corporate	99.98
Directors or relatives of Directors	0.02
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Bulk Drugs.

Products :

Products	ITC Code
Sulphamethoxozole	29350011
CIS(+)LACTUM	29420090

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Andhra Bank, Somajiguda Branch, D No. 6-3-352/2, Astral Heights, Road No.1, Banjara Hills, Hyderabad – 500 034, Andhra Pradesh, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
SHORT TERM BORROWINGS
Working capital loans from banks	120.176	229.004
Loans and advances from related pa	0.000	48.817
Total	120.176	277.821

Banking Relations :	--
Auditors :
Name :	M V Narayana Reddy and Company Chartered Accountants
Address :	8-3-941, Flat No.504, Vijaysree Apartments, Behind Chemas, Ameerpet, Hyderabad – 500073, Andhra Pradesh, India
Tel. No.:	91-40-23743975/23744448
PAN No.:	AADFM4830F
Associate :	· Virchow Laboratores Limited CIN NO.: U24232AP1982PLC003368 · Emmennar Bio-Tech Private Limited CIN NO.: U24299AP2002PTC039653 · Virchow Drugs Limited CIN NO.: U24239AP2004PLC042949 · Imex Engineering Company Private Limited CIN NO.: U74210AP1974PTC001733 · Virchow Petrochemical Private Limited CIN NO.: U23209AP2003PTC041101 · Saraca Laboratories Limited CIN NO.: U85195AP1988PLC008172 · Emmennar Pharma Containers Private Limited CIN NO.: U21014AP2001PTC037859 · Emmennar Chem Private Limited CIN NO.: U24110AP2005PTC046609

CAPITAL STRUCTURE

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4511690	Equity Shares	Rs.10/- each	Rs.45.117 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	45.117	45.117
(b) Reserves & Surplus	1069.424	962.925
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1114.541	1008.042
(3) Non-Current Liabilities
(a) long-term borrowings	588.169	395.169
(b) Deferred tax liabilities (Net)	145.971	142.447
(c) Other long term liabilities	8.464	1.810
(d) long-term provisions	5.379	4.338
Total Non-current Liabilities (3)	747.983	543.764
(4) Current Liabilities
(a) Short term borrowings	122.104	328.065
(b) Trade payables	12.693	64.942
(c) Other current liabilities	30.941	38.396
(d) Short-term provisions	53.230	118.146
Total Current Liabilities (4)	218.968	549.549
TOTAL	2081.492	2101.355
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1038.654	1046.809
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	219.385	52.186
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	7.510	9.134
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	1265.549	1108.129
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	349.139	216.678
(c) Trade receivables	212.179	528.336
(d) Cash and cash equivalents	21.929	12.231
(e) Short-term loans and advances	171.954	130.632
(f) Other current assets	60.742	105.349
Total Current Assets	815.943	993.226
TOTAL	2081.492	2101.355

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		45.117
2] Share Application Money		0.000
3] Reserves & Surplus		721.477
4] (Accumulated Losses)		0.000
NETWORTH		766.594
LOAN FUNDS
1] Secured Loans		121.758
2] Unsecured Loans		502.669
TOTAL BORROWING		624.427
DEFERRED TAX LIABILITIES		132.803
TOTAL		1523.824
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		950.601
Capital work-in-progress		22.555
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	161.231
	Sundry Debtors	408.649
	Cash & Bank Balances	11.793
	Other Current Assets	0.000
	Loans & Advances	156.481
Total Current Assets		738.154
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	22.709
	Other Current Liabilities	59.597
	Provisions	105.180
Total Current Liabilities		187.486
Net Current Assets		550.668
MISCELLANEOUS EXPENSES		0.000
TOTAL		1523.824

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	2394.795	2587.024	2091.705
		Other Income	21.289	11.093	39.949
		TOTAL (A)	2416.084	2598.117	2131.654
Less	EXPENSES
		Cost of materials consumed	1807.389	1812.478	1665.158
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(34.829)	(23.738)
		Employee benefit expense	51.085	45.588
		Other expenses	347.088	331.857
		TOTAL (B)	2170.733	2166.185	1665.158
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		245.351	431.932	466.496
Less	FINANCIAL EXPENSES (D)		31.157	26.805	32.926
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		214.194	405.127	433.570
Less/ Add	DEPRECIATION/ AMORTISATION (F)		56.354	52.684	42.629
	PROFIT BEFORE TAX (E-F) (G)		157.840	352.443	390.941
Less	TAX (H)		51.341	110.994	128.001
	PROFIT AFTER TAX (G-H) (I)		106.499	241.449	262.940
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		960.925	719.476	456.536
	BALANCE CARRIED TO THE B/S		1067.424	960.925	719.476
	EARNINGS IN FOREIGN CURRENCY
		Earnings in Foreign Currency on FOB Basis	1174.112	1069.133	893.648
	TOTAL EARNINGS		1174.112	1069.133	893.648
	IMPORTS
		Raw Materials	553.867	455.542	NA
		Capital Goods	8.616	0.000	NA
		Others	4.734	10.302	NA
	TOTAL IMPORTS		567.217	465.844	NA
	Earnings Per Share (Rs.)		23.61	53.52	58.28

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	4.41	9.29	12.33
Net Profit Margin (PBT/Sales)	(%)	6.59	13.62	18.69
Return on Total Assets (PBT/Total Assets}	(%)	8.48	17.20	23.15
Return on Investment (ROI) (PBT/Networth)		0.14	0.35	0.51
Debt Equity Ratio (Total Debt /Networth)		0.64	0.72	0.81
Current Ratio (Current Asset/Current Liability)		3.73	1.81	3.93

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	Yes
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

LITIGATION DETAILS:

WA 1030 / 2013

WASR 48636 / 2013

CASE IS:PENDING

PETITIONER		RESPONDENT
APEPDCL, VISAKHAPATNAM & 2 OTHERS	VS	M/S.ANDHRA ORGANICS LTD, HYD & 11 OTHERS
PET.ADV. : JYOTHI ESWAR GOGINENI		RESP.ADV. : GUNARANJAN
SUBJECT: A.P.D.D.C.F.LTD.(MISC.MATTERS)		DISTRICT:  HYDERABAD

FILING DATE:  25-03-2013		POSTING STAGE :  INTERLOCUTORY
REG. DATE    :   08-07-2013	LISTING DATE : 03-07-2013		STATUS   :  ADMIT

HON'BLE JUDGE(S):

N.V.RAMANA

VILAS V.AFZULPURKAR

UNSECURED LOAN:

(Rs. In Millions)

Particulars	As on 31.03.2012	As on 31.03.2011
LONG TERM BORROWINGS
Deferred payment liabilities	10.169	10.169
Intercorporate deposits	578.000	385.000
SHORT TERM BORROWINGS
Other external commercial borrowings	1.928	50.244
Total	590.097	445.413

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90262119	25/03/2011 *	410,000,000.00	ANDHRA BANK	SOMAJIGUDA BRANCH, D.NO.6-3-352/2, ASTRAL HEIGHTS, ROAD NO.1, BANJARA HILLS,, HYDERABAD, Andhra Pradesh - 500082, INDIA	B12596383
2	90261767	30/03/1999	41,060,000.00	BANK OF INDIA	VISAKHAPATNAM OVERSEAS BRANCH, 10-50-50; KISHAN BHAWAN, VISAKHAPATNAM, Andhra Pradesh - 530002, INDIA	-
3	90261648	30/03/1999 *	16,000,000.00	BANK OF INDIA	VISAKHAPATNAM OVERSEAS BRANCH, 10-50-50; KISHAN B HAWAN, VISAKHAPATNAM, Andhra Pradesh - 530002, INDIA	-
4	90261546	10/07/1999 *	1,830,000.00	BANK OF INDIA	VISAKHAPATNAM OVERSEAS BRANCH, 10-50-50; KISHAN B HAWAN, VISAKHAPATNAM, Andhra Pradesh - 530002, INDIA	-
5	90261384	10/07/1999 *	16,000,000.00	BANK OF INDIA	VISAKHAPATNAM OVERSEAS BRANCH, 10-50-50; KISHAN B HAWAN, VISAKHAPATNAM, Andhra Pradesh - 530002, INDIA	-

* Date of charge modification

FIXED ASSETS:

· Land

· Factory Building

· Plant and Machinery

· Electrical Installations

· Furniture and Fittings

· Lab Equipment

· Factory Equipment

· Canteen Equipment

· Office Equipment

· Computers and Perpherals

· Vehicles

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.63.59
UK Pound	1	Rs.101.56
Euro	1	Rs.85.15

INFORMATION DETAILS

Report Prepared by :

ANK

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.