MIRA INFORM REPORT

Report Date :

15.12.2014

IDENTIFICATION DETAILS

Name :	SERUM INSTITUTE OF INDIA LIMITED
Registered Office :	212/2, Off Soli Poonawalla Road, Hadapsar, Pune – 411028, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	22.05.1984
Com. Reg. No.:	11-032945
Capital Investment / Paid-up Capital :	Rs.48.193 Millions
CIN No.: [Company Identification No.]	U80903PN1984PLC032945
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	PNES15736A PNES00023C
PAN No.: [Permanent Account No.]	AABCS4225M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Vaccines and Immuno.
No. of Employees :	3000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Aa (77)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 160000000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established and reputed company having excellent track record. Financial position of the company is sound. Fundamentals are strong and healthy. Directors are reported to be experienced and respectable businessman. Trade relations are reported as trustworthy. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered excellent 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 AAA
Rating Explanation	Highest degree of safety and carry lowest credit risk.
Date	February 21, 2014

Rating Agency Name	CARE
Rating	Short term, bank facilities A1+
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	February 21, 2014

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 31-03-2014.

INFORMATION PARTED BY

Name :	Mr. Dilip Londhe
Designation :	Finance Department
Contact No.:	91-20-26137226
Date :	12.12.2014

LOCATIONS

Registered Office / Human Resources / International Marketing Division :	212/2, Off Soli Poonawalla Road, Hadapsar, Pune – 411028, Maharashtra, India
Tel. No.:	91-20-26993900/ 26993904
Fax No.:	91-20-26993921/ 26133228
E-Mail :	serum.institute@gmail.com contact@seruminstitute.com hr@seruminstitute.com serumexports@vsnl.com serum.institute@gmail.com praksh.kothawle@seruminstitute.com
Website :	http://www.seruminstitute.com
Area :	Owned
Location :	Commercial
Domestic Marketing Division :	501, Dalamal Tower, 211, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-22840370
Fax No.:	91-22-22044389
E-Mail :	marketing@seruminstitute.com
Finance Division:	Sarosh Bhavan, 16-B/1, Dr. Ambedkar Road, Pune – 411001, Maharashtra, India
Tel. No.:	91-20-26137221 / 226
Fax No.:	91-20-26133228
E-Mail :	finance@seruminstitute.com
Administrative Office :	Mittal Court, 3^rd Floor, A Wing, Dr. Ambedkar Road, Pune – 411001, Maharashtra, India
Branch Office :	Located at: · Chennai · Kolkata · New Delhi · Surat · Vishakapatnam · Trivandrum

DIRECTORS

As on 04.09.2014

Name :

Mr. Adar Cyrus Poonawalla

Designation :

Whole Time Director

Address :

11, Poonawalla Park, Pune – 411037, Maharashtra, India

Date of Birth/Age :

14.01.1981

Qualification :

B.B.A.(Finance) UK

Date of Appointment :

01.04.2014

PAN No.:

AFEPP9955N

DIN No.:

00044815

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	U51503MH1985PTC035067	ADAR POONAWALLA FINVEST PRIVATE LIMITED	Director	20-01-99	20-01-99	-	Active	NO
2	U12140PN1994PLC075977	POONAWALLA RACING AND BREEDING LIMITED	Director	08-04-99	08-04-99	21-12-09	Active	NO
3	U65921PN1994PTC082077	ADURJEE & BROS PRIVATE LIMITED	Director	20-07-99	20-07-99	-	Active	NO
4	U74920PN1994PTC078908	POONAWALLA SHARES AND SECURITIES PRIVATE LIMITED	Director	24-09-99	24-09-99	-	Active	NO
5	U65993MH1974PTC017311	POONAWALLA INVESTMENTS AND INDUSTRIES PRIVATE LIMITED	Director	24-09-99	24-09-99	-	Active	NO
6	U65993PN1989PTC054514	CORPINT INVESTMENTS PRIVATE LIMITED	Director	04-01-00	04-01-00	-	Active	NO
7	U24232PN2003PTC017981	SOVEREIGN PHARMA PRIVATE LIMITED	Director	28-05-03	28-05-03	-	Active	NO
8	U31900PN1990PTC058951	FORTUNE INTERCONTINENTAL PRIVATE LIMITED	Director	30-09-04	30-09-04	-	Active	NO
9	U80903PN1984PLC032945	SERUM INSTITUTE OF INDIA LIMITED	Whole-time director	01-04-14	08-04-05	-	Active	NO
10	U51101PN1993PLC072981	SERUM INTERNATIONAL LIMITED	Whole-time director	01-04-08	08-04-05	-	Amalgamated	NO
11	U73200PN2005PTC021143	AMRON TECHNOLOGIES PRIVATE LIMITED	Director	17-08-05	17-08-05	-	Active	NO
12	U65993PN1990PTC054851	CHAKAN INVESTMENT PRIVATE LIMITED	Director	05-10-05	05-10-05	-	Active	NO
13	U24232PN2005PTC021381	ADAR PHARMA PRIVATE LIMITED	Director	06-10-05	06-10-05	-	Active	NO
14	U01409PN2006PTC022268	POONAWALLA ESTATES STUD AND AGRI FARM PRIVAE LIMITED	Director	31-03-06	31-03-06	-	Active	NO
15	U24231MH1975PTC018714	CYZA CHEM PRIVATE LIMITED	Director	29-09-06	07-09-06	-	Active	NO
16	U29299PN2005PTC021249	POONAWALLA STUD FARM PRIVATE LIMITED	Director	24-09-07	30-11-06	-	Active	NO
17	U70101PN2003PTC018014	SIMONE POONAWALLA CONSTRUCTIONS AND STUD PRIVATE LIMITED	Director	24-09-07	30-11-06	-	Active	NO
18	U67120PN1991PTC059737	NAUKHAL INVESTMENT PRIVATELIMITED	Director	29-09-07	16-01-07	-	Active	NO
19	U72900PN2006PTC129140	SILO MEDIA AND SOLUTIONS PRIVATE LIMITED	Director	29-09-07	28-02-07	-	Active	NO
20	U45202PN2007PTC130231	CITY DEVELOPMENT (MAHARASHTRA) PRIVATE LIMITED	Director	30-09-08	30-01-08	04-02-11	Active	NO
21	U74999PN2009PTC134929	VILLOO POONAWALLA RACING AND BREEDING PRIVATE LIMITED	Director	06-11-09	06-11-09	-	Active	NO
22	AAB-4041	GENESIS PARKS LLP	Designated Partner	15-03-13	15-03-13	-	Active	NO
23	AAC-0173	ADAR ESTATES LLP	Designated Partner	21-01-14	21-01-14	-	Active	NO

Name :

Mr. Behroze Zavareh Poonawalla

Designation :

Director

Address :

12, Poonawalla Park, Pune – 411037, Maharashtra, India

Date of Birth/Age :

08.12.1946

Qualification :

B.A.

Date of Appointment :

01.02.1986

DIN No.:

00044877

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	U80903PN1984PLC032945	SERUM INSTITUTE OF INDIA LIMITED	Director	01-02-86	01-02-86	-	Active	NO
2	U65993PN1988PTC049504	YODELSIM HOLDINGS PRIVATE LIMITED	Director	03-11-88	03-11-88	-	Active	NO
3	U01214PN1989PTC050267	CYZA AGRO AND STUD FARMS PRIVATE LIMITED	Director	08-07-89	08-07-89	-	Converted to LLP and dissolved	NO
4	U01214PN1945PTC004667	THE POONA STUD FARM PRIVATE LIMITED	Director	08-12-90	08-12-90	-	Active	NO
5	U12140PN1994PLC075977	POONAWALLA RACING AND BREEDING LIMITED	Director	10-01-94	10-01-94	-	Active	NO
6	U65993PN1985PTC037194	ANNILNA INVESTMENT PRIVATE LIMITED	Director	22-08-95	22-08-95	-	Active	NO
7	U67120MH1991PTC256729	EXHILARATION INVESTMENT PRIVATELIMITED	Director	23-02-96	23-02-96	16-08-13	Active	NO
8	U65993PN1995PTC084968	YOHAN POONAWALLA FINANCIALS PRIVATE LIMITED	Director	06-09-96	06-09-96	-	Amalgamated	NO
9	U65999PN1987PTC044058	POONAWALLA HOLDINGS PRIVATE LIMITED	Director	13-08-97	13-08-97	-	Active	NO
10	U65993PN1989PTC051541	POONAWALLA FINVEST AND AGRO PRIVATE LIMITED	Director	23-08-97	23-08-97	-	Active	NO
11	U01214PN2000PTC015175	ASTONISH STUD PRIVATE LIMITED	Director	01-08-00	01-08-00	-	Amalgamated	NO
12	U01214PN2000PTC015174	POONAWALLA ASTONISH STUD PRIVATE LIMITED	Director	01-08-00	01-08-00	-	Active	NO
13	U65929PN1989PTC051960	POONAWALLA FINANCIALS PRIVATE LIMITED	Director	30-03-05	30-03-05	-	Active	NO
14	U45209PN2006PTC128699	DELNA PROPERTIES PRIVATE LIMITED	Director	06-07-06	06-07-06	-	Converted to LLP and dissolved	NO
15	U92490PN2010PTC135331	EXHILARATION STUD PRIVATE LIMITED	Director	15-01-10	15-01-10	-	Converted to LLP and dissolved	NO
16	U01210PN2014PTC150715	POONAWALLA EXHILARATION STUD PRIVATE LIMITED	Director	21-02-14	21-02-14	-	Active	NO
17	U01200PN2014PTC151221	POONAWALLA MYSTICAL STUD PRIVATE LIMITED	Director	26-03-14	26-03-14	-	Active	NO
18	AAB-1612	DELNA PROPERTIES LLP	Designated Partner	10-10-12	10-10-12	-	Active	NO
19	AAB-4591	EXHILARATION STUD LLP	Designated Partner	12-04-13	12-04-13	-	Active	NO

Name :

Dr. Cyrus Soli Poonawalla

Designation :

Chairman cum Managing Director

Address :

11, Poonawalla Park, Pune – 411 037, Maharashtra, India

Date of Birth/Age :

11.05.1941

Date of Appointment :

01.07.2012

PAN No.:

AAXPP9204A

DIN No.:

00044650

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	U65993MH1974PTC017311	POONAWALLA INVESTMENTS AND INDUSTRIES PRIVATE LIMITED	Director	23-03-74	23-03-74	-	Active	NO
2	U24231MH1975PTC018714	CYZA CHEM PRIVATE LIMITED	Director	27-12-75	27-12-75	-	Active	NO
3	U65993MH1974PTC017705	CHANDA INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Director	21-03-77	21-03-77	11-12-07	Active	NO
4	U80903PN1984PLC032945	SERUM INSTITUTE OF INDIA LIMITED	Managing director	01-07-12	22-05-84	-	Active	NO
5	U51909PN1989PTC053910	SPAN OVERSEAS PRIVATE LIMITED	Director	16-10-89	16-10-89	30-11-06	Active	NO
6	U31900PN1990PTC058951	FORTUNE INTERCONTINENTAL PRIVATE LIMITED	Director	13-11-90	13-11-90	-	Active	NO
7	U65993PN1989PTC054514	CORPINT INVESTMENTS PRIVATE LIMITED	Director	20-12-90	20-12-90	-	Active	NO
8	U51503MH1985PTC035067	ADAR POONAWALLA FINVEST PRIVATE LIMITED	Director	23-10-92	23-10-92	-	Active	NO
9	U51101PN1993PLC072981	SERUM INTERNATIONAL LIMITED	Whole-time director	30-01-09	19-07-93	-	Amalgamated	NO
10	U12140PN1994PLC075977	POONAWALLA RACING AND BREEDING LIMITED	Director	10-01-94	10-01-94	21-12-09	Active	NO
11	U65921PN1994PTC082077	ADURJEE AND BROS PRIVATE LIMITED	Director	17-10-94	17-10-94	-	Active	NO
12	U74920PN1994PTC078908	POONAWALLA SHARES AND SECURITIES PRIVATE LIMITED	Director	02-01-95	02-01-95	-	Active	NO
13	U24232PN2003PTC017981	SOVEREIGN PHARMA PRIVATE LIMITED	Director	28-05-03	28-05-03	-	Active	NO
14	U67120PN1991PTC059737	NAUKHAL INVESTMENT PRIVATELIMITED	Director	27-09-04	27-09-04	-	Active	NO
15	U35301PN2005PTC020721	POONAWALLA AVIATION PRIVATE LIMITED	Director	11-05-05	11-05-05	-	Active	NO
16	U65993PN1990PTC054851	CHAKAN INVESTMENT PRIVATE LIMITED	Director	05-10-05	05-10-05	-	Active	NO
17	U01409PN2006PTC022268	POONAWALLA ESTATES STUD AND AGRI FARM PRIVAE LIMITED	Director	31-03-06	31-03-06	-	Active	NO
18	U29299PN2005PTC021249	POONAWALLA STUD FARM PRIVATE LIMITED	Director	24-09-07	30-11-06	-	Active	NO
19	U70101PN2003PTC018014	SIMONE POONAWALLA CONSTRUCTIONS AND STUD PRIVATE LIMITED	Director	24-09-07	30-11-06	-	Active	NO
20	U91990MH1925PLC001182	ROYAL WESTERN INDIA TURF CLUB LIMITED	Director	21-12-06	21-12-06	17-12-09	Active	NO
21	U70101PN2003PTC018015	ADRUS ESTATES AND PROPERTIES PRIVATE LIMITED	Director	17-09-07	14-03-07	-	Converted to LLP and dissolved	NO
22	U45202PN2007PTC130231	CITY DEVELOPMENT (MAHARASHTRA) PRIVATE LIMITED	Director	30-09-08	25-02-08	04-02-11	Active	NO
23	U74999PN2009PTC134929	VILLOO POONAWALLA RACING & BREEDING PRIVATE LIMITED	Director	06-11-09	06-11-09	-	Active	NO
24	AAA-2542	ADRUS ESTATES AND PROPERTIES LLP	Designated Partner	20-10-10	20-10-10	-	Active	NO
25	AAB-4041	GENESIS PARKS LLP	Designated Partner	15-03-13	15-03-13	-	Active	NO
26	AAC-0173	ADAR ESTATES LLP	Designated Partner	21-01-14	21-01-14	-	Active	NO

Name :

Dr. (Mrs.) Mrudula Arvind Phadke

Designation :

Director

Address :

181, Buena Vista Society, Jagannath Bhosale Marg, Near Mantralaya, Mumbai – 400021, Maharashtra, India

Date of Birth/Age :

22.12.1944

Qualification :

M.D., D.C.H.

Date of Appointment :

25.08.2008

DIN No:

01959083

Name :

Dr. Rajeev Mhalasakant Dhere

Designation :

Whole Time Director

Address :

Flat No. 3, Mahalaxmi Niwas, 146, Shaniwar Peth, Pune – 411030, Maharashtra, India

Date of Birth/Age :

11.11.1954

Date of Appointment :

07.08.2012

DIN No:

05174953

Name :

Dr. Satish Damodar Ravetkar

Designation :

Whole Time Director

Address :

4, Sadashanti Apartments, Prabhat Road, Lane No 9a, Pune - 411004, Maharashtra, India

Date of Birth/Age :

14.07.1951

Date of Appointment :

07.08.2012

DIN No:

05175036

Name :

Mr. Satish Ramchandra Mundra

Designation :

Whole Time Director

Address :

401, Clover Court, Opposite Guruprasad Society, Pune – 411001, Maharashtra, India

Date of Birth/Age :

04.06.1943

Qualification :

M.Com.

Date of Appointment :

01.04.2013

PAN No.:

ABFPM7101E

DIN No.:

00416654

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	U80903PN1984PLC032945	SERUM INSTITUTE OF INDIA LIMITED	Whole-time director	01-04-13	27-09-88	-	Active	NO
2	U65993PN1990PTC054852	PACE INVESTMENT PRIVATE LIMITED	Director	23-02-96	23-02-96	20-12-11	Active	NO
3	U24231TG2001PTC036036	SERAWIN BIOLOGICALS PRIVATE LIMITED	Director	30-09-02	30-09-02	31-08-07	Active	NO

Name :

Dr. Suresh Sahkaram Jadhav

Designation :

Whole Time Director

Address :

16, Sadhana Society, Near Akashwani, Pune – 411028, Maharashtra, India

Date of Birth/Age :

24.01.1950

Qualification :

M. Pharm, Ph D

Date of Appointment :

01.04.2014

PAN No.:

ABAPJ9475D

DIN No.:

00056701

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	U80903PN1984PLC032945	SERUM INSTITUTE OF INDIA LIMITED	Whole-time director	01-04-13	12-10-92	-	Active	NO
2	AAC-6395	PLUTO REAL ESTATE DEVELOPERS LLP	Designated Partner	27-08-14	27-08-14	-	Active	NO

Name :

Mr. Zavareh Soli Poonawalla

Designation :

Director

Address :

12, Poonawalla Park, Pune – 411 037, Maharashtra, India

Date of Birth/Age :

04.12.1943

Date of Appointment:

01.07.2007

PAN No.:

AAJPP5268N

DIN No.:

00044760

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	U01214PN1945PTC004667	THE POONA STUD FARM PRIVATE LIMITED	Director	31-08-65	31-08-65	-	Active	NO
2	U80903PN1984PLC032945	SERUM INSTITUTE OF INDIA LIMITED	Director	01-07-07	22-05-84	-	Active	NO
3	U65993PN1985PTC037194	ANNILNA INVESTMENT PRIVATE LIMITED	Director	20-08-85	20-08-85	-	Active	NO
4	U65999PN1987PTC044058	POONAWALLA HOLDINGS PRIVATE LIMITED	Director	14-07-87	14-07-87	-	Active	NO
5	U29120PN1987PLC044960	INTERVALVE (INDIA) LIMITED	Director	23-09-11	12-10-87	-	Active	NO
6	U01214PN1989PTC050267	CYZA AGRO AND STUD FARMS PRIVATE LIMITED	Director	05-01-89	05-01-89	-	Converted to LLP and dissolved	NO
7	U51909PN1989PTC053910	SPAN OVERSEAS PRIVATE LIMITED	Director	16-10-89	16-10-89	30-11-06	Active	NO
8	U29299PN1989PTC054181	EL-O-MATIC (INDIA) PRIVATE LIMITED	Director	30-10-90	30-10-90	-	Active	NO
9	U67120MH1991PTC256729	EXHILARATION INVESTMENT PRIVATELIMITED	Director	09-01-91	09-01-91	16-08-13	Active	NO
10	U65993PN1989PTC051541	POONAWALLA FINVEST AND AGRO PRIVATE LIMITED	Director	13-09-93	13-09-93	-	Active	NO
11	U12140PN1994PLC075977	POONAWALLA RACING AND BREEDING LIMITED	Director	10-01-94	10-01-94	-	Active	NO
12	U65993PN1995PTC084968	YOHAN POONAWALLA FINANCIALS PRIVATE LIMITED	Director	25-01-95	25-01-95	-	Amalgamated	NO
13	U51101PN1993PLC072981	SERUM INTERNATIONAL LIMITED	Director	25-08-95	25-08-95	-	Amalgamated	NO
14	U65993PN1989PTC051536	SASWAD INVESTMENT PRIVATE LIMITED	Director	09-12-97	09-12-97	-	Amalgamated	NO
15	U45202PN1998PTC114706	POONAWALLA CONSTRUCTIONS PRIVATE LIMITED	Director	30-04-98	30-04-98	-	Converted to LLP and dissolved	NO
16	U67120PN1991PTC059737	NAUKHAL INVESTMENT PRIVATELIMITED	Director	09-01-99	09-01-99	11-09-08	Active	NO
17	U67110PN1993PTC070986	AVAKASH HOLDINGS PRIVATE LIMITED	Director	27-04-99	27-04-99	-	Active	NO
18	U01214PN2000PTC015175	ASTONISH STUD PRIVATE LIMITED	Director	01-08-00	01-08-00	-	Amalgamated	NO
19	U01214PN2000PTC015174	POONAWALLA ASTONISH STUD PRIVATE LIMITED	Director	01-08-00	01-08-00	-	Active	NO
20	U65993MH1974PTC017311	POONAWALLA INVESTMENTS AND INDUSTRIES PRIVATE LIMITED	Director	29-08-02	29-08-02	22-09-08	Active	NO
21	U18109PN2004PTC019084	YOHAN POONAWALLA FINANCIALS PRIVATE LIMITED	Director	02-04-04	02-04-04	-	Active	NO
22	U65993PN1991PTC061890	CARTIER INVESTMENT PRIVATE LIMITED	Director	21-03-05	21-03-05	-	Active	NO
23	U65929PN1989PTC051960	POONAWALLA FINANCIALS PRIVATE LIMITED	Director	30-03-05	30-03-05	-	Active	NO
24	U01409PN2006PTC022268	POONAWALLA ESTATES STUD AND AGRI FARM PRIVAE LIMITED	Director	31-03-06	31-03-06	-	Active	NO
25	U45209PN2006PTC128699	DELNA PROPERTIES PRIVATE LIMITED	Director	06-07-06	06-07-06	-	Converted to LLP and dissolved	NO
26	U29299PN2005PTC021249	POONAWALLA STUD FARM PRIVATE LIMITED	Director	24-09-07	30-11-06	-	Active	NO
27	U70101PN2003PTC018014	SIMONE POONAWALLA CONSTRUCTIONS AND STUD PRIVATE LIMITED	Director	24-09-07	30-11-06	-	Active	NO
28	U55101PN2007PTC130221	POONAWALLA HOTELS PRIVATE LIMITED	Director	28-05-07	28-05-07	-	Converted to LLP and dissolved	NO
29	U67110PN1996PTC097401	SHELLAC INVESTMENTS PRIVATE LIMITED.	Director	20-09-07	16-07-07	-	Active	NO
30	U92490PN2010PTC135331	EXHILARATION STUD PRIVATE LIMITED	Director	15-01-10	15-01-10	-	Converted to LLP and dissolved	NO
31	U65993PN1988PTC049504	YODELSIM HOLDINGS PRIVATE.LIMITED.	Director	25-09-14	15-11-13	-	Active	NO
32	U01210PN2014PTC150715	POONAWALLA EXHILARATION STUD PRIVATE LIMITED	Director	21-02-14	21-02-14	-	Active	NO
33	U01200PN2014PTC151221	POONAWALLA MYSTICAL STUD PRIVATE LIMITED	Director	26-03-14	26-03-14	-	Active	NO
34	AAB-1612	DELNA PROPERTIES LLP	Designated Partner	10-10-12	10-10-12	-	Active	NO
35	AAB-1789	CYZA AGRO AND STUD FARMS LLP	Designated Partner	22-10-12	22-10-12	-	Active	NO
36	AAB-2800	POONAWALLA REAL ESTATES AND HOTELS LLP	Designated Partner	26-12-12	26-12-12	-	Active	NO
37	AAB-2801	POONAWALLA CONSTRUCTIONS LLP	Designated Partner	26-12-12	26-12-12	-	Active	NO
38	AAB-4591	EXHILARATION STUD LLP	Designated Partner	12-04-13	12-04-13	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Makarand Shrikrishna Karkare
Designation :	Company Secretary
Address :	A 507, Shilpa Housing Society, 124/ 15A/ 2, Off Paud Road, Pune – 411 038, Maharashtra, India
Date of Birth/Age :	30.05.1963
Date of Appointment :	08.06.2006
PAN No.:	ACDPK4983F
Name :	Mr. Dilip Londhe
Designation :	Finance Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 04.09.2014

Names of Shareholders	No. of Shares
Poonawalla Investments and Industries Private Limited, India	3244617
Adar Cyrus Poonwawalla	249808
Cyrus Soli Poonwalla	493578
Corpint Investments Private Limited, India	40
Fortune Intercontinental Private Limited, India	40
Zavareh Soli Poonawalla	240963
Adar Cyrus Poonwawalla	557600
Chanda Investments and Trading Company Private Limited, India	40
Adurjee and Bros Private Limited, India	32567
Total	4819253

As on 04.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	68.00
Directors or relatives of Directors	32.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Vaccines and Immuno.

Products :

Item Code No. (ITC Code)	Product Description
30022019	Human Vaccine
85023100	Wind Powered

• Bacterial Vaccines
• Viral Vaccines
• Antisera
• Anticancer Products
• Plasma Products
• Vaccines
• Hepatoprotective
• Hormones
• Plasma Substitute
• Fertility
• Bacterial Vaccines
• Antisera
• Anticancer

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Finished Goods

Countries :

• Europe
• Asian Country
• Middle East
• Gulf Country
• USA
• UK
• Italy
• Japan
• Switzerland

Imports :

Products :

Raw Material

Countries :

• Europe
• USA

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

GENERAL INFORMATION

Suppliers :

Reference :	Temp Time Corporation (USA)
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

Customers :

Reference :	Pan American Health Organization (Paho)
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged

No. of Employees :

3000 (Approximately)

Bankers :

Banker Name 1	Citi Bank N.A.
Branch Address	Citi Bank Center, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	--

Banker Name 2	Axis Bank
Branch Address	Deccan Branch, Pune, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	--

Facilities :

Particulars	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Rupee term loan from bank	NA	1248.139
Total	NA	1248.139

Auditors :
Name :	Patki and Soman Chartered Accountants
Address :	101/102, Parmesh Plaza, Pune - 411030, Maharashtra, India
PAN No. :	AACFP3742Q
Memberships :	----
Collaborators :	----
Holding Company :	Poonawalla Investments And Industries Private Limited
Others :	Poonawalla Estates Stud And Agri Farm Private Limited
Subsidiary Company :	Poonawalla Aviation Private Limited SEZ Biotech Services Private Limited Serum International B.V. Bilthoven Biologicals B.V.

CAPITAL STRUCTURE

As on 04.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
54750000	Equity Shares	Rs.10/- each	Rs.547.500 Millions
250000	Preference Shares	Rs.10/- each	Rs.2.500 Millions
	Total		Rs.550.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4819253	Equity Shares	Rs.10/- each	Rs.48.193 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	48.192	48.193	48.193
(b) Reserves & Surplus	59212.757	41700.360	27532.242
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	59260.949	41748.552	27580.434
(3) Non-Current Liabilities
(a) long-term borrowings	673.324	1248.139	1985.789
(b) Deferred tax liabilities (Net)	148.505	0.000	0.000
(c) Other long term liabilities	303.650	138.538	129.752
(d) long-term provisions	0.000	315.682	353.087
Total Non-current Liabilities (3)	1125.479	1702.359	2468.628
(4) Current Liabilities
(a) Short term borrowings	5158.567	4526.074	4207.055
(b) Trade payables	543.328	674.700	420.094
(c) Other current liabilities	818.992	842.913	909.875
(d) Short-term provisions	12766.123	7921.305	6166.983
Total Current Liabilities (4)	19287.010	13964.992	11704.007
TOTAL	79673.438	57415.903	41753.069
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12538.070	9108.120	8335.940
(ii) Intangible Assets	228.518	57.580	91.832
(iii) Capital work-in-progress	2134.922	2068.269	990.616
(iv) Intangible assets under development	1752.579	1414.810	915.414
(b) Non-current Investments	30288.470	20254.847	17155.359
(c) Deferred tax assets (net)	4804.006	2877.607	1325.873
(d) Long-term Loan and Advances	125.947	156.631	96.634
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	51872.512	35937.864	28911.668
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	7250.670	5939.077	4120.390
(c) Trade receivables	4317.412	3797.988	2867.975
(d) Cash and cash equivalents	2586.879	569.484	480.800
(e) Short-term loans and advances	12730.821	10682.759	5101.191
(f) Other current assets	915.144	488.731	271.045
Total Current Assets	27800.926	21478.039	12841.401
TOTAL	79673.438	57415.903	41753.069

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	35437.464	25241.414	17148.277
		Other Income	924.608	636.933	525.674
		TOTAL	36362.072	25878.347	17673.951
Less	EXPENSES
		Cost of Materials Consumed	5214.465	3189.676	2081.692
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(524.595)	(1102.100)	(452.479)
		Employees benefits expense	4548.329	3254.858	2622.939
		Other expenses	5808.923	4947.482	2879.983
		TOTAL	15047.122	10289.916	7132.135
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		21314.950	15588.432	10541.816
Less	FINANCIAL EXPENSES		245.440	330.937	242.699
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		21069.510	15257.495	10299.117
Less/ Add	DEPRECIATION/ AMORTISATION		1511.791	1196.983	1089.406
	PROFIT/ (LOSS) BEFORE TAX		19557.719	14060.511	9209.711
Less	TAX		2144.399	1107.35	928.898
	PROFIT/ (LOSS) AFTER TAX		17413.320	12953.161	8280.813
	Earnings / (Loss) Per Share (Rs.)		3613.28	2662.00	1718.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	49.14	51.32	48.29
Operating Profit Margin (PBIDT/Sales)	(%)	60.15	61.76	61.47
Return on Total Assets (PBT/Total Assets}	(%)	48.06	45.65	43.10
Return on Investment (ROI) (PBT/Networth)		0.33	0.34	0.33
Debt Equity Ratio (Total Debt /Networth)		0.10	0.14	0.22
Current Ratio (Current Asset/Current Liability)		1.44	1.54	1.10

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	48.193	48.193	48.192
Reserves & Surplus	27532.242	41700.360	59212.757
Net worth	27580.435	41748.553	59260.949
long-term borrowings	1985.789	1248.139	673.324
Short term borrowings	4207.055	4526.074	5158.567
Total borrowings	6192.844	5774.213	5831.891
Debt/Equity ratio	0.225	0.138	0.098

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	17148.277	25241.414	35437.464
		47.195	40.394

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	17148.277	25241.414	35437.464
Profit	8280.813	12953.161	17413.320
	48.29%	51.32%	49.14%

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	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	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	Yes

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
SHORT TERM BORROWINGS
Rupee term loan from others	NA	298.702
Rupee term loan from bank	NA	4021.291
Deposits from directors	NA	206.081
Total	NA	4526.074

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10140096	31/12/2008	2,442,530,000.00	CITIBANK N. A.	CITIBANK CENTER, BANDRA KURLA COMPLEX, BANDRA EAST, PUNE, Maharashtra - 400051, INDIA	A54694658

OTHER ACHIEVEMENTS

RANKING AS NO 1 BIOTECH COMPANY IN INDIA

The Company continues to retain the trend of being ranked as No. 1 Biotech Company for 2012-13, in India.

PRODUCT OF THE YEAR AWARD

The MenAfriVac Vaccine manufactured by the Company was awarded with the Bio Spectrum Asia Pacific Product of the Year 2013 Award. This vaccine has enabled the UNICEF to address the meningitis epidemic in sub-Saharan Africa.

BIO EXCELLENCE AWARD

The Company has been awarded the Bio-Excellence Award under the category - Bio Pharma and Healthcare, during the Bangalore India Bio 2013, India’s leading Biotech Event, organised by the Department of Information Technology, Biotechnology and Science and Technology Government of Karnataka.

The Company highly appreciates the national and international recognitions and honours bestowed upon it and places its gratitude’s to all the institutions and health organisations.

FIXED ASSETS

• Land
• Buildings
• Plant and Equipment
• Furniture and Fixtures
• Vehicles
• Aircrafts Helicopters
• Office Equipment

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.62.44
UK Pound	1	Rs.98.15
Euro	1	Rs.77.38

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	DIV
Report Prepared by :	KLS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	9
--PROFITABILITY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	10
--CREDIT LINES	1~10	9
--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	NO
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		77

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.