MIRA INFORM REPORT
|
Report Date : |
14.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
VIBHA AGRO TECH
LIMITED |
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Registered
Office : |
Flat No.501
A&B, Subhan Siri Sampada Complex, 6-3-1090/A/1 (Plot No.12), Raj Bhavan Road,
Somajiguda, Hyderabad – 500 082, Andhra Pradesh |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
10.05.1995 |
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Com. Reg. No.: |
01-029318 |
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Capital Investment
/ Paid-up Capital : |
Rs.492.818
millions |
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CIN No.: [Company Identification
No.] |
U24110AP1995PLC029318 |
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PAN No.: [Permanent Account No.] |
AAACV8157A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is presently engaged in the business of research, production
and sale of agricultural inputs, namely, hybrid seeds. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 12737000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an
established company having a satisfactory track record. However, trade
relations are reported as fair. Business is active. Payments are reported to
be usually 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 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 |
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Moderate |
B1 |
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High |
B2 |
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Very
High |
C1 |
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Restricted |
C2 |
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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.
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 : |
Flat No.501
A&B, Subhan Siri Sampada Complex, 6-3-1090/A/1 (Plot No.12), Raj Bhavan
Road, Somajiguda, Hyderabad – 500 082, Andhra Pradesh, India |
|
Tel. No.: |
91-40-30415700 |
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Fax No.: |
91-40-30415761 |
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E-Mail : |
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Website : |
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Corporate Office : |
Inspire, Plot No.21,
Sector 1, HUDA Techno Enclave, Madhapur Village, Serilingampally Mandal, R.R.
District, Hyderabad – 500 081, Andhra Pradesh, India |
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Processing Plant
: |
Located at: ·
Jedcherla |
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Research Office : |
Survey No.91, 92 and 93, Plot No.118 (Block-A), Door No.2-190/2/1,
Jeedimelta Village, Quthbullapur Mandal, Ranga Reddy (District, Hyderabad,
Andhra Pradesh, India |
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Research Farms : |
Located at: ·
Ranga Reddy District ·
Medak District |
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Own Farms : |
Located at: ·
Medak District ·
Mahaboobnagar District |
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Poly House : |
Survey No.1076/1 and 1076/2, Mysammaguda Village, Medchal Mandal,
Ranga Reddy District, Hyderabad, Andhra Pradesh, India |
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Seed Conditioning and Storage Facilities : |
Located at: ·
Mahaboobnagar District ·
Ranga Reddy District |
DIRECTORS
AS ON 20.07.2012
|
Name : |
Mr. Paruchuri Vidya Sagar |
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Designation : |
Managing Director |
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Address : |
H. No. 8-2-293/82/J-111/9-111, Road # 82, Jubilee Hills, Hyderabad –
500 033, Andhra Pradesh, India |
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Date of Birth/Age : |
24.08.1957 |
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Qualification : |
M. Sc (Agri), MS in Technology of Crop Protection |
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Date of Appointment : |
01.01.2009 |
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DIN No.: |
00017551 |
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PAN No.: |
AEJPP5721J |
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Other Directorship:
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Name : |
Mrs. Parchuri Chandravathi |
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Designation : |
Director |
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Address : |
H. No. 8-2-293/82/J-111/9-111, Road # 82, Jubilee Hills, Hyderabad –
500 033, Andhra Pradesh, India |
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Date of Birth/Age : |
16.09.1961 |
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Qualification : |
B. Sc (Agri) |
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Date of Appointment : |
19.02.1996 |
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DIN No.: |
00017627 |
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PAN No.: |
AAEPP5740R |
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Other Directorship:
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Name : |
Mr. Paruchuri Vamsi Krishna |
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Designation : |
Director |
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Address : |
H. No. 8-2-293/82/J-111/9-111, Road # 82, Jubilee Hills, Hyderabad –
500 033, Andhra Pradesh, India |
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Date of Birth/Age : |
23.04.1984 |
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Qualification : |
B. Sc (Agri), B.Sc.(Ag), Plant Breeding (Aust) |
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Date of Appointment : |
21.05.2007 |
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DIN No.: |
01812003 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.07.2012
|
Names of Shareholders |
|
No. of Shares |
|
P. Vidya Sagar |
|
28840875 |
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P. Chandravathi |
|
20398875 |
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P. Suseela |
|
8400 |
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P. Venkat Narasaiah |
|
8400 |
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M. Prabha Vathi |
|
8400 |
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V. Vamsi Krishna |
|
8400 |
|
P. Sneha Sagar |
|
8400 |
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Total
|
|
49281750 |
AS ON 25.09.2013
|
Names of Allottees |
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No. of Shares |
|
P. Vidya Sagar |
|
983300 |
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P. Chandravathi |
|
1369400 |
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Total
|
|
2352700 |
AS ON 20.07.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is presently engaged in the business of research, production
and sale of agricultural inputs, namely, hybrid seeds. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
L&T Infrastructure Finance Company Limited, 3B/ Laxmi Towers, 2nd
Floor, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra,
India |
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Auditors : |
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Name : |
Akasam and Associates Chartered Accountants |
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Address : |
‘Akasam’,
10-1-17/1/1, Level 1 and 2, Masab Tank, Hyderabad – 500 004, Andhra Pradesh,
India |
|
Tel. No.: |
91-40-66444999/
16/ 17 |
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Fax No.: |
91-40-23335518 |
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PAN No.: |
ALXPS1598M |
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Subsidiary Companies : |
Vibha Seeds International Holdings Pte. Limited, Singapore |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
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CAPITAL STRUCTURE
AFTER 20.07.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
52000000 |
Equity Shares |
Rs.10/- each |
Rs.520.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
51634450 |
Equity Shares |
Rs.10/- each
|
Rs.516.345
millions |
|
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AS ON 20.07.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
49281750 |
Equity Shares |
Rs.10/- each
|
Rs.492.818
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 |
|
492.818 |
492.818 |
|
(b) Reserves & Surplus |
|
2691.379 |
1995.932 |
|
(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) |
|
3184.197 |
2488.750 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
863.630 |
739.473 |
|
(b) Deferred tax liabilities (Net) |
|
8.167 |
25.342 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
Long-term provisions |
|
6.685 |
6.473 |
|
Total
Non-current Liabilities (3) |
|
878.482 |
771.288 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
5484.372 |
3956.221 |
|
(b)
Trade payables |
|
752.260 |
690.765 |
|
(c)
Other current liabilities |
|
1087.338 |
809.982 |
|
(d)
Short-term provisions |
|
175.616 |
107.033 |
|
Total
Current Liabilities (4) |
|
7499.586 |
5564.001 |
|
|
|
|
|
|
TOTAL |
|
11562.265 |
8824.039 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1760.032 |
1900.833 |
|
(ii)
Intangible Assets |
|
68.217 |
100.741 |
|
(iii)
Capital work-in-progress |
|
220.633 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1.236 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
31.129 |
34.337 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
2081.247 |
2035.911 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
6022.418 |
4771.887 |
|
(c)
Trade receivables |
|
1368.602 |
719.167 |
|
(d)
Cash and cash equivalents |
|
298.290 |
5.503 |
|
(e)
Short-term loans and advances |
|
1791.006 |
1291.380 |
|
(f)
Other current assets |
|
0.702 |
0.191 |
|
Total
Current Assets |
|
9481.018 |
6788.128 |
|
|
|
|
|
|
TOTAL |
|
11562.265 |
8824.039 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
492.818 |
|
|
2] Share Application Money |
|
|
0.533 |
|
|
3] Reserves & Surplus |
|
|
1349.285 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1842.636 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3786.580 |
|
|
2] Unsecured Loans |
|
|
26.052 |
|
|
TOTAL BORROWING |
|
|
3812.632 |
|
|
DEFERRED TAX LIABILITIES |
|
|
32.267 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5687.535 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2102.870 |
|
|
Capital work-in-progress |
|
|
1.696 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3741.675 |
|
|
Sundry Debtors |
|
|
725.775 |
|
|
Cash & Bank Balances |
|
|
6.533 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
522.411 |
|
Total
Current Assets |
|
|
4996.394 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
674.515 |
|
|
Other Current Liabilities |
|
|
614.045 |
|
|
Provisions |
|
|
125.137 |
|
Total
Current Liabilities |
|
|
1413.697 |
|
|
Net Current Assets |
|
|
3582.697 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.272 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
5687.535 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
7950.494 |
6484.199 |
4592.221 |
|
|
|
Other Income |
13.048 |
0.220 |
1.447 |
|
|
|
TOTAL (A) |
7963.542 |
6484.419 |
4593.668 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3843.051 |
2886.018 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(1239.759) |
(997.441) |
|
|
|
|
Employee benefit expense |
243.322 |
256.354 |
|
|
|
|
Other expenses |
3213.274 |
2803.985 |
|
|
|
|
TOTAL (B) |
6059.888 |
4948.917 |
3451.614 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1903.654 |
1535.502 |
1142.054 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
851.618 |
578.860 |
302.156 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1052.036 |
956.642 |
839.898 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
201.669 |
194.746 |
59.471 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
850.367 |
761.896 |
780.427 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
65.585 |
29.048 |
45.015 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
784.782 |
732.848 |
735.412 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1716.266 |
1142.904 |
567.519 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
73.923 |
73.923 |
73.923 |
|
|
|
Corporate Dividend Tax |
11.992 |
12.278 |
12.563 |
|
|
|
Transfer to General Reserve |
78.478 |
73.285 |
73.541 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
1716.266 |
1142.904 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
15.92 |
14.87
|
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
9.85
|
11.30 |
16.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.70
|
11.75 |
16.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.50
|
8.63 |
10.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.31 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.99
|
1.89 |
2.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.22 |
3.53 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
LITIGATION DETAILS:
|
CP 195 / 2013 |
CPSR 5537 / 2013 |
CASE IS:PENDING
|
|
||||||||||||
|
||||||||||||
|
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from others |
31.705 |
29.815 |
|
Total
|
31.705 |
29.815 |
INDEX OF CHARGES:
|
S.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address |
Service
Request Number (SRN) |
|
1 |
10421448 |
29/03/2013 |
150,000,000.00 |
STATE
BANK OF INDIA |
CORPORATE
ACCOUNTS GROUP BRANCH-13039, "OZONE", 2 |
B73673451 |
|
2 |
10393681 |
30/03/2013
* |
216,800,000.00 |
STATE
BANK OF MAURITIUS LIMITED |
6-3-1090,1ST
FLOOR, T.S.R TOWERS, RAJ BHAVAN ROAD, |
B74192998 |
|
3 |
10325110 |
02/12/2011 |
400,000,000.00 |
L&T
INFRASTRUCTURE FINANCE COMPANY LIMITED |
MOUNT
POONAMALLEE ROAD, MANAPAKKAM, CHENNAI, TAMILNADU - 600089, INDIA |
B28544351 |
|
4 |
10280509 |
27/06/2013
* |
1,620,700,000.00 |
STATE
BANK OF INDIA |
CORPORATE
ACCOUNTS GROUP BRANCH-13039, "OZONE", 2 |
B82221144 |
|
5 |
10246907 |
29/09/2010 |
8,957,488.00 |
KOTAK
MAHINDRA PRIME LIMITED |
36-38A
NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A97301956 |
|
6 |
10213006 |
28/09/2010
* |
300,000,000.00 |
THE
BANK OF NOVA SCOTIA |
6-3-346/1,
ROAD NO.1, BANJARA HILLS, HYDERABAD, ANDHRA PRADESH - 500034, INDIA |
A97015697 |
|
7 |
10177952 |
22/03/2013
* |
800,000,000.00 |
ING
VYSYA BANK LIMITED |
1-7-1,
T. SUBBARAMI REDDY COMPLEX, SARDAR PATEL ROAD, SECUNDERABAD, ANDHRA PRADESH -
500003, INDIA |
B71911655 |
|
8 |
10175816 |
28/09/2010
* |
60,000,000.00 |
THE
BANK OF RAJASTHAN |
59/1/2/1,
KAUSHALYA ESTATE LANE, KHARKHANA ROAD, SECUNDERABAD, ANDHRA PRADESH - 500009,
INDIA |
A97015838 |
|
9 |
10171250 |
20/11/2009
* |
280,000,000.00 |
INDUSIND
BANK LIMITED |
2401
GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA |
A76347442 |
|
10 |
10133962 |
09/12/2011
* |
1,000,000,000.00 |
PUNJAB
NATIONAL BANK |
LARGE
CORPORATE BRANCH, CENTENARY BUILDING, NO.28, M.G.ROAD, BANGALORE, KARNATAKA -
560001, INDIA |
B29736980 |
|
11 |
10137330 |
30/11/2009
* |
350,000,000.00 |
BARCLAYS
BANK PLC |
601/603,
CEEJAY HOUSE, SHIVSAGAR ESTATE, DR.ANNIE BESANT ROAD, WORLI, MUMBAI,
MAHARASHTRA - 400018, INDIA |
A77923902 |
|
12 |
10132681 |
31/10/2008 |
65,000,000.00 |
DEVELOPMNET
CREDIT BANK LIMITED |
CORPORATE
& BUSINESSS BANKING GROUP, 9-1-125/3-1,, |
A52263662 |
|
13 |
10117074 |
03/04/2013
* |
1,000,000,000.00 |
IDBI
BANK LIMITED |
5-9-891&2,
CHAPEL ROAD, HYDERABAD, ANDHRA PRADESH - 500001, INDIA |
B74239989 |
|
14 |
10111375 |
29/05/2008 |
5,489,740.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A41339599 |
|
15 |
10105402 |
09/05/2008 |
8,915,473.00 |
ICICI
BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
A39408836 |
|
16 |
10104450 |
28/09/2010
* |
780,000,000.00 |
AXIS
BANK LIMITED |
6-3-879/B,GREENLANDS
ROAD, BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
A98796758 |
|
17 |
80005754 |
28/09/2010
* |
200,000,000.00 |
ICICI
BANK LIMITED |
ICICI
BANK TOWER, LEVEL IV, 1-11-256, BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500016,
INDIA |
A97926166 |
|
18 |
90260100 |
28/09/2010
* |
500,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
126,
SAROJINI DEVI ROAD, SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA |
A98318330 |
|
19 |
90258881 |
28/05/2012
* |
700,000,000.00 |
AXIS
BANK LIMITED |
6-3-879/B,GREENLANDS
ROAD, BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
B41924192 |
|
20 |
90260020 |
12/05/2003 |
35,000,000.00 |
UTI
BANK LIMITED |
GREENLANDS
ROAD, BEGUMPET, HYDERABAD, ANDHRA PRADESH - 500016, INDIA |
- |
|
21 |
80006059 |
12/05/2003 |
47,500,000.00 |
UTI
BANK LIMITED |
6-3-879/B,
GREENLANDS ROAD, BEGUMPET, HYDERABAD, |
- |
* Date of charge modification
CORPORATE INFORMATION
The Company was
incorporated on 10th May, 1995. The Company is presently engaged in
the business of research, production and sale of agricultural inputs, namely,
hybrid seeds. The Company's corporate office is located in Hyderabad. It has a
processing plant at Jedcherla.
PERFORMANCE AND OPERATIONS:
During the year
Vibha has achieved a turnover of Rs.7950.494 millions against Rs.6484.199
millions during the previous year. Other Income earned during the year is
Rs.13.048 millions against Rs.0.220 million in the previous year. Profit after
tax (PAT) is 784.782 millions as against Rs.732.848 millions during the
previous year. An amount of Rs.78.478 millions has been transferred to General
Reserve as against Rs.73.285 millions during the previous year.
FUTURE OUTLOOK:
The company has
expanded it’s operations abroad by setting up four International Companies in
Singapore, Kenya, Tanzania and Ethiopia under the umbrella of Vibha Seeds
International Holdings Pte. Limited, Singapore. The Company is evaluating and
negotiating with several new gene technologies in India as well as in overseas
research centers and Universities.
MARKETING:
It is heartening
to state that the demand for their products of Cotton, Maize, Hybrid Rice,
Bajra and Sun flower is showing healthy signs across the world, due to the
quality of their products and dedicated services being provided to their
customers.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
Intangible Assets
·
Brands and trade marks
·
Recipes, formulae,
models, designs and prototypes
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.61.15 |
|
|
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.