MIRA INFORM REPORT

Report Date :

18.12.2014

IDENTIFICATION DETAILS

Name :	HYDERABAD CHEMICAL PRODUCTS LIMITED
Formerly Known As :	HYDERABAD CHEMICALS PRODUCTS PRIVATE LIMITED
Registered Office :	Plot A-24/ 25, Assisted Private Industrial Estate, Balanagar, Hyderabad – 500037, Telangana
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	11.06.1990
Com. Reg. No.:	36-011356
Capital Investment / Paid-up Capital :	Rs.10.000 Millions
CIN No.: [Company Identification No.]	U24239TG1990PLC011356
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	HYDH00375E
PAN No.: [Permanent Account No.]	AAACH5507Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Pesticides like Technical and generation of electricity.
No. of Employees :	200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 2500000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the company is strong and heathy. Trade relations are reported to be fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered normal 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	CRISIL
Rating	Long Term Rating = A
Rating Explanation	Adequate degree of safety and low credit risk
Date	02.12.2014

Rating Agency Name	CRISIL
Rating	Short Term Rating = A1
Rating Explanation	Very strong degree of safety and lowest credit risk
Date	02.12.2014

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. Nageshwar
Designation :	Accounts Head
Contact No.:	91-40-23772502
Date :	17.12.2014

LOCATIONS

Registered Office/ Factory 1 :	Plot A-24/ 25, Assisted Private Industrial Estate, Balanagar, Hyderabad – 500037, Telangana, India
Tel. No.:	91-40-23772651/2502/1849
Fax No.:	91-40-23772595
E-Mail :	agripest@hd1.vsnl.net.in hydchem@sify.com
Website :	http://www.hyderabadchemicals.com
Area :	2 Acres
Location :	Owned
Factory 2 :	Plot No. 60 and 61, Industrial Development Area, Chemical Zone, Pasha Mylaram, Medak District, Pachammailaram – 502307, Andhra Pradesh, India
Tel. No.:	91-8455-246350/246351
Fax No.:	91-8455-246537
Area :	5 Acres
Location :	Owned
Factory 3 :	Located At Karnataka, India

DIRECTORS

As on 02.07.2014

Name :

Mr. Nellore Sukumar

Designation :

Managing Director

Address :

6-3-883/A.10, Padmavathi Palace, Punjagutta, Hyderabad - 500482, Andhra Pradesh, India

Date of Birth/Age :

02.10.1951

Date of Appointment :

11.06.1990

DIN No.:

00462316

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	U24230TG1954PLC000736	VIBRANT GREENTECH INDIA LIMITED	Managing director	01/04/2014	24/09/1988	-	Active	NO
2	U24239TG1990PLC011356	HYDERABAD CHEMICAL PRODUCTS LIMITED	Managing director	01/09/2007	11/06/1990	-	Active	NO
3	U24211DL1970NPL005200	CROP CARE FEDERATION OF INDIA	Director	17/09/2002	17/09/2002	-	Active	NO
4	U01112TG2009PLC063224	NEO SEEDS INDIA LIMITED	Director	31/03/2009	31/03/2009	-	Active	NO
5	U24100TG2013PLC091503	NECTAR CROP SCIENCES LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO
6	U24100TG2013PLC091502	HYDERABAD CHEMICAL LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO

Name :

Mrs. Shruti Atul Shroff

Designation :

Director

Address :

7, Charotar Society, Old Padra Road, Vadodara - 390020, Gujarat, India

Date of Birth/Age :

03.02.1960

Date of Appointment :

01.11.2003

DIN No.:

00019693

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	U29259GJ1970PLC001800	SHROFFS ENGINEERING LTD	Director	16/01/1985	16/01/1985	-	Active	NO
2	U65990MH1985PTC035868	MADISON INVESTMENTS PRIVATE LIMITED	Director	06/04/1985	06/04/1985	-	Active	NO
3	U24239TG1990PLC011356	HYDERABAD CHEMICAL PRODUCTS LIMITED	Director	21/11/2003	21/11/2003	-	Active	NO
4	U24230TG1954PLC000736	VIBRANT GREENTECH INDIA LIMITED	Director	21/11/2003	21/11/2003	-	Active	NO
5	U51909GJ2004PLC043474	TRANSCHEM AGRITECH LIMITED	Director	20/01/2004	20/01/2004	-	Active	NO
6	U01112TG2009PLC063224	NEO SEEDS INDIA LIMITED	Director	31/03/2009	31/03/2009	-	Active	NO
7	U24100TG2013PLC091503	NECTAR CROP SCIENCES LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO
8	U24100TG2013PLC091502	HYDERABAD CHEMICAL LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO

Name :

Mr. Dipesh Kantisen Shroff

Designation :

Director

Address :

Sanket, 39, Hatkesh Society, 6th N S Road, Juhu, Vile Parle (West), Mumbai - 400056, Maharashtra, India

Date of Birth/Age :

24.09.1950

Date of Appointment :

21.11.2003

DIN No.:

00030792

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	U33152MH1984PTC033152	SHRODIP INVESTMENTS PRIVATE LIMITED	Director	18/04/1986	18/04/1986	-	Active	NO
2	U65990MH1984PTC033148	DIPKANTI INVESTMENTS AND FINANCING PRIVATE LIMITED	Director	18/04/1986	18/04/1986	-	Active	NO
3	U65990MH1983PLC030597	KAMALJYOT INVESTMENTS LIMITED	Director	01/02/1991	01/02/1991	04/06/2008	Active	NO
4	U25209GJ1994PTC022542	DEVNIDHI PLASTICS PRIVATE LIMITED	Director	28/05/1995	28/05/1995	-	Active	NO
5	U24210GJ1985PLC007569	AGROCEL INDUSTRIES LIMITED	Managing director	01/08/2012	26/06/1996	-	Active	NO
6	L23205GJ1965PLC001343	TRANSPEK INDUSTRY LIMITED	Director	27/03/2001	27/03/2001	-	Active	NO
7	U24231GJ1987PLC009324	PARUL CHEMICALS LIMITED	Director	01/12/2001	01/12/2001	14/12/2009	Amalgamated	NO
8	L74999MH1964PLC012878	EXCEL CROP CARE LTD	Managing director	01/09/2013	01/09/2003	-	Active	NO
9	L24200MH1960PLC011807	EXCEL INDUSTRIES LIMITED	Director	03/09/2003	03/09/2003	-	Active	NO
10	U67120MH2003PTC034259	PRITAMI INVESTMENTS PRIVATE LIMITED	Director	15/09/2003	15/09/2003	-	Active	NO
11	U24239TG1990PLC011356	HYDERABAD CHEMICAL PRODUCTS LIMITED	Director	21/11/2003	21/11/2003	-	Active	NO
12	U24230TG1954PLC000736	VIBRANT GREENTECH INDIA LIMITED	Director	21/11/2003	21/11/2003	-	Active	NO
13	U01110GJ2005PLC047254	KUTCH CROP SERVICES LIMITED	Director	12/12/2005	12/12/2005	-	Active	NO
14	L24210MH1987PLC044362	AIMCO PESTICIDES LIMITED	Director	26/04/2006	26/04/2006	31/07/2007	Active	NO
15	U74120GJ1989PLC012329	TML INDUSTRIES LIMITED	Director	15/11/2007	20/06/2007	-	Active	NO
16	U29259GJ1970PLC001800	SHROFFS ENGINEERING LTD	Director	26/06/2007	26/06/2007	-	Active	NO
17	U01403MH2007PLC176907	EXCEL BIO RESOURCES LIMITED	Director	18/12/2007	18/12/2007	-	Active	NO
18	U01135GJ1996PLC030102	OASIS AGRITECH LIMITED	Director	10/11/2008	07/01/2008	-	Active	NO
9	U91990GJ2008NPL053876	FEDERATION OF KUTCH INDUSTRIES ASSOCIATION	Director	16/01/2009	16/01/2009	26/08/2014	Active	NO
20	U01112TG2009PLC063224	NEO SEEDS INDIA LIMITED	Director	31/03/2009	31/03/2009	-	Active	NO
21	U65993MH2006PLC164038	ECCL INVESTMENTS AND FINANCE LIMITED	Director	05/08/2014	26/09/2013	-	Active	NO
22	U24100TG2013PLC091503	NECTAR CROP SCIENCES LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO
23	U24100TG2013PLC091502	HYDERABAD CHEMICAL LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Nageshwar
Designation :	Accounts Head

MAJOR SHAREHOLDERS

As on 02.07.2014

Names of Shareholders	No. of Shares
Hyderabad Chemical Limited, India	999994
Nellore Sukumar	1
Gayatri Nellore	1
Dipesh Kantisen Shroff	1
Preeti Dipesh Shroff	1
Atul Govindji Shroff	1
Shruti Atul Shroff	1
Total	1000000

Equity Share Break up (Percentage of Total Equity)

As on 02.07.2014

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Importer of Pesticides and generation of electricity.

Products :

Product Description	Item Code No. (ITC Code)
Imidacloprid	38089100
Wind Power	98010013

Brand Names :

--

Agencies Held :

--

Exports :

Products :

Finished Goods

Countries :

South America

Imports :

Products :

Raw Material

Countries :

• China
• Hong Kong

Terms :

Selling :

Cash, L/C and Credit

Purchasing :

Cash, L/C and Credit

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

Not Divulged

No. of Employees :

200 (Approximately)

Bankers :

• State Bank Of Hyderabad, Idply Colony Branch, Kukatpally, Hyderabad - 500037, Andhra Pradesh, India
• CITI Bank N A, 1st Floor, Queens Plaza, Sardar Patel Road, Hyderabad - 500003, Andhra Pradesh, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
SHORT TERM BORROWINGS
Working capital loans from banks	66.551	61.221
Total	66.551	61.221

Notes:

Type of Loan	Type of Loan
Deferred sales tax loan amounting to Rs.32.880 Millions at year end (Previous year Rs.37.389 Millions)	Repayable in 6 deferred yearly payment and repayment is commencing from April' 2012 and Last installment due was in April 2016
Loans from Related Party (Holding Company) amounting to Rs.200.000 Millions Lakhs (Previous Year Rs.200.000 Millions):	There is no interest for current year as well as Previous Year No repayment schedule has been agreed. Rate of interest is 10% p.a at the yearend (Previous year 10% p.a)

* Working capital loan from State Bank of Hyderabad, IDPL Colony Branch , Hyderabad - 500 037, secured by hypothecation of stocks, book debts, equitable mortgage of plant and Machinery, Land and Building. The loan is also guaranteed by the Hyderabad Chemicals Limited. Rate of interest of the loan is 12.70% (Previous year 14.50%)

** Working capital loan from Citi Bank N.A, Begumpet Branch, Hyderabad, is guaranteed by the Hyderabad Chemicals Limited. Rate of interest of the loan is 12% at the yearend (Previous year is 13%)

*** Bill Discounting Facility with L and T Finance Limited. Is guaranteed by the Hyderabad Chemicals Limited. Rate of Interest of the Loan is 13.50% at the yearend (Previous Year is 12.70%)

Banking Relations :	--
Auditors :
Name :	Raju and Prasad Chartered Accountant
Address :	401, Diamond House, Amrutha Hills, Punjagutta, Hyderabad – 500 482, Andhra Pradesh, India
Tel. No.:	91-44-23410404
Fax No.:	91-44-23410403
E-Mail :	hyderabad@rajuandprasad.com rajuandprasad@gmail.com
PAN No.:	AACFR2404H
Memberships :	--
Collaborators :	--
Holding Company :	Hyderabad Chemicals Limited CIN No.: U24230TG1954PLC000736
Fellow Subsidiary Company :	Neo Seeds India Limited CIN No.: U01112TG2009PLC063224 Nectar Crop Sciences Limited CIN No.: U24100TG2013PLC091503
Enterprises over which Key Management Personnel and their Relatives have significant influence :	Vibrant Greentech Limited CIN No.: U24100TG2013PLC091502 Excel Crop Care Limited CIN No.: L74999MH1964PLC012878 Excel Industries Limited CIN No.: L24200MH1960PLC011807 Transpek Industries Limited CIN No.: L23205GJ1965PLC001343 TML Industries Limited CIN No.: U74120GJ1989PLC012329 Agrocel Industries Limited CIN No.: U24210GJ1985PLC007569

CAPITAL STRUCTURE

As on 02.07.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs.20.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 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	10.000	10.000	10.000
(b) Reserves & Surplus	849.862	705.066	614.275
(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)	859.862	715.066	624.275
(3) Non-Current Liabilities
(a) long-term borrowings	224.670	246.800	196.409
(b) Deferred tax liabilities (Net)	110.994	106.549	93.955
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	3.923	2.941	2.385
Total Non-current Liabilities (3)	339.587	356.290	292.749
(4) Current Liabilities
(a) Short term borrowings	168.718	91.993	66.428
(b) Trade payables	309.660	307.678	96.270
(c) Other current liabilities	42.517	35.690	43.265
(d) Short-term provisions	45.003	30.272	62.565
Total Current Liabilities (4)	565.898	465.633	268.528
TOTAL	1,765.347	1,536.989	1,185.552
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	784.981	742.733	630.957
(ii) Intangible Assets	0.563	1.163	1.764
(iii) Capital work-in-progress	1.365	1.423	58.834
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	23.620	23.620	8.109
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	13.104	5.196	1.423
(e) Other Non-current assets	44.083	0.000	0.000
Total Non-Current Assets	867.716	774.135	701.087
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	213.086	198.314	126.822
(c) Trade receivables	537.538	458.996	238.210
(d) Cash and cash equivalents	28.320	14.641	11.644
(e) Short-term loans and advances	8.021	11.777	9.609
(f) Other current assets	110.666	79.126	98.180
Total Current Assets	897.631	762.854	484.465
TOTAL	1,765.347	1,536.989	1,185.552

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		2,061.496	1,338.066	1279.216
		Other Income		20.440	11.549	NA
		TOTAL (A)		2,081.936	1,349.615	NA
Less	EXPENSES
		Cost of Materials Consumed		1,521.414	922.056
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade		(18.179)	(4.406)
		Employee Benefits Expenses		54.568	44.677
		Other Expenses		223.316	175.292
		TOTAL (B)		1,781.119	1,137.619	NA
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			300.817	211.996
Less	FINANCIAL EXPENSES (D)			40.882	30.806
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			259.935	181.190	131.027
Less	DEPRECIATION/ AMORTISATION (F)			53.712	48.663	42.406
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			206.223	132.527	88.621
Less	TAX (H)			59.685	39.993	18.942
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			146.538	92.534	69.679
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			17.920	15.036	9.811
Less	APPROPRIATIONS
			Transfer to General Reserve	139.211	87.907	62.711
			Dividend	1.500	1.500	1.500
			Tax on Dividend	0.243	0.243	0.243
	BALANCE CARRIED TO THE B/S			23.504	17.920	15.036
	EARNINGS IN FOREIGN CURRENCY
			Export Earnings	40.314	18.910	28.248
	TOTAL EARNINGS			40.314	18.910	28.248
	IMPORTS
			Raw Materials	938.309	525.255	NA
			Capital Goods	0.000	3.929	NA
	TOTAL IMPORTS			938.309	529.184	NA
	Earnings / (Loss) Per Share (Rs.)			146.54	92.53	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	7.11	6.92	5.45
Operating Profit Margin (PBIDT/Sales)	(%)	14.59	15.84	NA
Return on Total Assets (PBT/Total Assets}	(%)	11.85	8.77	7.92
Return on Investment (ROI) (PBT/Networth)		0.24	0.19	0.14
Debt Equity Ratio (Total Debt /Networth)		0.46	0.47	0.42
Current Ratio (Current Asset/Current Liability)		1.59	1.64	1.80

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	10.000	10.000	10.000
Reserves & Surplus	614.275	705.066	849.862
Share Application money pending allotment	0.000	0.000	0.000
Net worth	624.275	715.066	859.862
Long Term borrowings	196.409	246.800	224.670
Short Term borrowings	66.428	91.993	168.718
Total borrowings	262.837	338.793	393.388
Debt/Equity ratio	0.421	0.474	0.458

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	1,279.216	1,338.066	2,061.496
		4.600	54.065

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	1,279.216	1,338.066	2,061.496
Profit	69.679	92.534	146.538
	5.45%	6.92%	7.11%

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	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

CASE STATUS INFORMATION

CEA 58 / 2009

CEASR 3351 / 2009

CASE IS:PENDING

PETITIONER		RESPONDENT
COMMISSIONER OF CUSTOMS AND CENTRAL EXCISE,	VS	M/S. HYDERABAD CHEMICAL PRODUCTS LIMITED
PET.ADV. : SARADA		RESP.ADV. : NARASIMHAM
SUBJECT: GENERAL AND CENVAT		DISTRICT:  HYDERABAD
PETITIONER		RESPONDENT

FILING DATE:  11-09-2009	POSTING STAGE :  FOR ADMISSION
REG. DATE    :   03-10-2009	LISTING DATE :  29-06-2010	REG. DATE    :   03-10-2009

HON'BLE JUDGE(S):

B.PRAKASH RAO

RAMESH RANGANATHAN

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
LONG TERM BORROWINGS
Deferred sales tax loan	24.670	32.880
Intercorporate deposits	200.000	200.000
Loans and advances from related parties	0.000	13.920
SHORT TERM BORROWINGS
Working capital loans from banks	84.552	29.976
Other loans and advances	17.615	0.796
Total	326.837	277.572

OPERATIONAL REVIEW

The performance of the Company has continued to be satisfactory during the financial year 2014. Gross sales have increased to Rs.2280.000 crores from Rs.1460.000 Millions in the previous year reflecting a growth of 56%. The profit before tax has improved to Rs.206.000 Millions as against Rs.133.000 Millions in the previous year signifying a growth of 56%. The profit after tax (after provision for deferred taxation) has increased to Rs.158.000 Millions compared to Rs.92.000 Millions during the previous year reflecting a growth of 73%.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10367305	04/06/2012	97,500,000.00	State Bank of Hyderabad	IDPL Colony Branch, Hyderabad, Andhra Pradesh, India	B44431039
2	10176902	07/09/2009	60,000,000.00	Citibank N A	1st Floor, Queens Plaza, Sardar Patel Road, Hyderabad, Andhra Pradesh - 500003, India	A69877611
3	10298759	12/06/2009	60,000,000.00	Citibank N A	1st Floor, Queens Plaza, Sardar Patel Road, Hyderabad, Andhra Pradesh - 500003, India	A69882520
4	10012630	01/08/2014 *	510,000,000.00	State Bank of Hyderabad	IDPL Colony Branch, Hyderabad, Andhra Pradesh, India	C18318196
5	90388563	29/07/2005 *	101,000,000.00	State Bank of Hyderabad	IDPL Colony Branch, Hyderabad, Andhra Pradesh, India	-

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.63.58
UK Pound	1	Rs.99.98
Euro	1	Rs.79.37

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	SUM
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		52

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.