MIRA INFORM REPORT

Report Date :

28.10.2013

IDENTIFICATION DETAILS

Name :	UNILOIDS BIOSCIENCES PRIVATE LIMITED (w.e.f. 14.10.2010)
Formerly Known As :	UNILOIDS ORGANICS PRIVATE LIMITED
Registered Office :	H. No. 2-23-11, Plot No. 6, HMT Hills, Shatha VahanaClolny, Kukatpally, Hyderabad – 500072, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	08.04.2010
Com. Reg. No.:	01-067867
Capital Investment / Paid-up Capital :	Rs.45.400 Millions
CIN No.: [Company Identification No.]	U24100AP2010PTC067867
TAN No.: [Tax Deduction & Collection Account No.]	HYDU01530E
PAN No.: [Permanent Account No.]	AABCU1607K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Food Supplements, Glucosamine, Hydrochloride, Spirullna, and Chitoson
No. of Employees :	30 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 181000
Status :	Yet to commence business activity.
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a company incorporated as on April 08, 2010 but has not yet commenced with its business activity as per the annual report of 2012. The company has incurred some pre operative expenses which are recorded as losses. However the capital base appears to be decent. Mr. Rafiudin Mohammed, the general manager provided complete details and confirmed that the management has successfully undertook an export order during 2012-2013. Trade relations are improving. Business is active. Payment terms are reported as 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 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

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the trade deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

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. Rafiudin Mohammed
Designation :	General Manager
Contact No.:	91-9010027779
Date :	17.10.2013

LOCATIONS

Registered Office / Factory :	H. No. 2-23-11, Plot No. 6, HMT Hills, Shatha VahanaClolny, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India
Tel. No.:	Not Available
Mobile No.:	91-9010027779 (Mr. Rafiudin Mohammed)
Fax No.:	Not Available
E-Mail :	clreaddy@gmail.com
Location :	Owned
Head Office :	5-138, Seesali Village, Kalla Mandal, West Godavari District, Bhimavaram – 534237, Andhra Pradesh, India
Tel. No.:	91-8816-240241
Fax No.:	91-8816-241000

DIRECTORS

As on: 21.09.2012

Name :

Mr. Shyamsunder Reddy Churukanti

Designation :

Director

Address :

H. No. 2-23-11, Plot No. 6, HMT Hills, Shatha VahanaClolny, Kukatpally, Hyderabad – 500072, Andhra Pradesh, India

Date of Birth/Age :

01.02.1961

Date of Appointment :

08.04.2010

DIN No. :

01978361

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	U45200AP1999PLC031234	SSR CREST ENGINEERS AND CONSTRUCTIONS LIMITED	Director	30/03/1999	30/03/1999	03/08/2009	Active	NO
2	U51102AP2004PTC044918	VENKATARAMANA ENTERPRISES (INDIA) PRIVATE LIMITED	Director	21/12/2004	21/12/2004	-	Active	NO
3	U40100UR2003PLC033442	AGLAR POWER LIMITED	Director	10/02/2005	10/02/2005	-	Active	NO
4	U73100AP2008PTC057652	BIO-VIN RESEARCH LABORATORIES PRIVATE LIMITED	Additional director	22/08/2008	22/08/2008	-	Active	NO
5	U24110AP2008PTC060815	BIO-VIN PHARMACEUTICALS (HYDERABAD) PRIVATE LIMITED	Additional director	01/09/2008	01/09/2008	-	Active	NO
6	U10100AP2009PTC064433	PRESTIGE MINES AND MINERALS PRIVATE LIMITED	Director	20/07/2009	20/07/2009	01/07/2010	Active	NO
7	U40107WB2007PLC118226	SARDA ECO POWER LIMITED	Additional director	05/03/2010	05/03/2010	-	Active	NO
8	U24100AP2010PTC067867	UNILOIDS BIOSCIENCES PRIVATE LIMITED	Director	08/04/2010	08/04/2010	-	Active	NO
9	U74900AP2010PTC070119	SSVR ASSETS PRIVATE LIMITED	Director	24/08/2010	24/08/2010	-	Active	NO
10	U24239AP2004PLC044199	ARENE LIFE SCIENCES LIMITED	Director	20/09/2010	20/09/2010	-	Active	NO
11	U45200AP2011PTC076136	SVAS INFRA PROJECTS PRIVATE LIMITED	Director	23/08/2011	23/08/2011	-	Active	NO
12	U51909AP2011PTC076426	OOB ELECTRONICS PRIVATE LIMITED	Director	09/09/2011	09/09/2011	-	Active	NO

Name :

Mr. Venkateswara Rao Vejju

Designation :

Additional Director

Address :

China Milli, Nidamarru, West Godavari – 534198, Andhra Pradesh, India

Date of Birth/Age :

28.07.1976

Date of Appointment :

11.10.2010

DIN No. :

01885572

Name :

Mr. Chandra Sekhar Yadav Naganaboina

Designation :

Additional Director

Address :

Buvvanapalle, Nidamarru, West Godavari – 534195, Andhra Pradesh, India

Date of Birth/Age :

18.03.1978

Date of Appointment :

11.10.2010

DIN No. :

03096841

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	U24100AP2010PTC067867	UNILOIDS BIOSCIENCES PRIVATE LIMITED	Additional director	11/10/2010	11/10/2010	-	Active	NO
2	U01403AP2010PTC070817	EXCEL INDIA BIO-SCIENCES PRIVATE LIMITED	Director	12/10/2010	12/10/2010	-	Active	NO
3	U24232AP2012PTC082535	SVAS BIOTECH PRIVATE LIMITED	Director	17/08/2012	17/08/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 21.09.2012

Names of Shareholders	No. of Shares
Shyamsunder Reddy Churukanti	1530000
Churukanti Vijaya	102000
Churukanti Vikas Reddy	204000
Churukanti Suhas Reddy	204000
Churukanti Linga Reddy	500000
Vejju Venkateswara Rao	1050000
Vejju Lakshmi Suneetha	150000
Naganaboina Chandra Sekhar Yadav	400000
Naganaboina Kanka Mahalakshmi	400000
Total	4540000

As on: 21.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Food Supplements, Glucosamine, Hydrochloride, Spirullna, and Chitoson
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

30 (Approximately)

Bankers :

State Bank of India, Balanagar Branch, Balanagar, Hyderabad - 500037, Andhra Pradesh, India

Tel No. : 91-40-23879889

Facilities :

Secured Loan	31.03.2012 [Rs. in Millions]	31.03.2011 [Rs. in Millions]
Long Term Borrowing
Term loan from State Bank of India (Secured against hypothecation of stock, receivable, plant and Machinery, Factory Land and Building)	26.725	0.000
Total	26.725	0.000

Banking Relations :	--
Auditors :
Name :	B. Narsing Raw and Company Chartered Accountants
Address :	Plot No. 554, Road No. 92, Opposite Apollo Nursing School, Jubilee Hilla, Hyderabad – 500033, Andhra Pradesh, India
Tel. No.:	91-40-23606175
PAN No. :	AACFB1524C
Membership :	SEA Food Association of India

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
4540000	Equity Shares	Rs.10/- each	Rs.45.400 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	45.400	0.100
(b) Reserves & Surplus	(0.030)	0.000
(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)	45.370	0.100
(3) Non-Current Liabilities
(a) long-term borrowings	26.725	0.000
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	26.725	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	0.000	0.000
(c) Other current liabilities	59.793	98.525
(d) Short-term provisions	0.343	0.028
Total Current Liabilities (4)	60.136	98.553
TOTAL	132.231	98.653
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	60.642	3.971
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.850	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	47.050	47.050
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	0.000	44.600
(e) Other Non-current assets	12.014	0.000
Total Non-Current Assets	120.556	95.621
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	0.000	0.000
(d) Cash and cash equivalents	0.627	0.526
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	11.048	2.506
Total Current Assets	11.675	3.032
TOTAL	132.231	98.653

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2012	31.03.2011
	SALES
		Income
		Other Income
		TOTAL		0.000	0.000
Less	EXPENSES
		Office Expenses
		Administrative Expenses		(Including Financial and Depreciation Expenses)
		Advertising Expenses
		TOTAL		0.030	0.000
	PROFIT BEFORE TAX			(0.030)	0.000
Less	TAX			0.000	0.000
	PROFIT AFTER TAX			(0.030)	0.000
	Earnings Per Share (Rs.)			(0.018)	0.00

Particulars	31.03.2013
Sales Turnover (Approximately)	16.000

NOTE: Business activity Started.

The above information has been parted by Mr. Rafiudin Mohammed

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011
PAT / Total Income	(%)	0.00	0.00
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(0.03)	0.00
Return on Investment (ROI) (PBT/Networth)		(0.01)	0.00
Debt Equity Ratio (Total Debt /Networth)		0.59	0.00
Current Ratio (Current Asset/Current Liability)		0.19	0.03

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 one years	Yes
12]	Profitability for last two 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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

FINANCIAL:

The company has not started its commercial operation during the year 2011-12.

INDEX CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10314686	07/10/2011	75,000,000.00	State Bank of India	Balanagar Branch, Balanagar, Hyderabad, Andhra Pradesh - 500037, INDIA	B24131179

FIXED ASSEST:

œ Land

œ Factory Building

œ Lab Equipments

œ Plant and Machinery

œ Furniture and Fixture

œ Computers and Peripherals

PRESS ARTICLE:

CIFT SIGNS MOU WITH UNILOIDS BIOSCIENCES

16th May, 2012

KOCHI: The Central Institute of Fisheries Technology (CIFT) has signed an MoU with the Hyderabad based Uniloids Biosciences. The MoU will provide Uniloids Biosciences access to technology developed at CIFT, to convert process waste to Chitin and Chitosan,considerably versatile and promising biomaterials with wide use in various industries such as pharma, food processing and cosmetics.

Also, Uniloids Biosciences will receive support from Zonal Technology Management Business Planning and Development Unit, an agribusiness unit and the Fish Processing Division and Quality Assurance and Management Division for commercialising the technology. CIFT director T K Srinivasa Gopal said: "The CIFT is prepared to facilitate transfer of commercially viable technologies and extend expertise in the field. We urge industries cutting across all domains to access the institute to understand and commercially exploit such technologies developed in our labs and quot

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.61.62
UK Pound	1	Rs.99.94
Euro	1	Rs.85.13

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.