MIRA INFORM REPORT

Report Date :

24.06.2014

IDENTIFICATION DETAILS

Name :	HYDERABAD CHEMICALS LIMITED (w.e.f.15.09.2005)
Formerly Known As :	HYDERABAD CHEMICAL SUPPLIES PRIVATE LIMITED
Registered Office :	4-3-377, 1 Bank Street, Koti, Hyderabad – 500095, Telangana
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	30.01.1954
Com. Reg. No.:	01-000736
Capital Investment / Paid-up Capital :	Rs.3.000 Millions
CIN No.: [Company Identification No.]	U24230TG1954PLC000736
PAN No.: [Permanent Account No.]	AABSH1014K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Chemicals and Pesticides.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 5062000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having good track. General financial strength of the company seems to be strong. Networth of the company’s are decent. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular and as per commitments. 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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

NEWS

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term (A)
Rating Explanation	Adequate degree of safety. It carry low credit risk.
Date	06.12.2013

Rating Agency Name	CRISIL
Rating	Short Term (A1)
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	06.12.2013

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 DECLINED BY

Name :	Mr. Balakrishna
Designation :	Finance Manager
Contact No.:	91-40-23772502
Date :	18.06.2014

LOCATIONS

Registered Office :	4-3-377, 1 Bank Street, Koti, Hyderabad – 500095, Telangana, India
Tel. No.:	91-40-24756927
Fax No.:	91-40-23772599
E-Mail :	hydchem@sify.com info@hyderabadchemicals.com info@neoseedsindia.com ramkumar@hyderabadchemicals.com
Website :	www.hyderabadchemicals.com
Factory 1 :	A 24/25, APIE Balanagar, Hyderabad-500037, Telangana, India
Tel. No.:	91-40-23773906/23772651/247556927
Fax No.:	91-40-23772595
E-Mail :	careers@hyderabadchemivals.com
Factory 2 :	Phase-II, Lane IV A, SIDCO Industrial Complex, Bari Brahmana, Jammu –181133, India
Tel. No.:	91-1923-221665
Fax No.:	91-1923-221665
E-Mail :	jammu@hyderabadchemicals.com

DIRECTORS

As on: 27.08.2013

Name :

Mr. Nellore Sukumar

Designation :

Managing Director

Address :

6-3-883/A/10, Padmavati Palace, Punjagutta, Hyderabad - 500482, Telangana, India

Date of Birth/Age :

02.10.1951

Date of Appointment :

01.04.2009

DIN No.:

00462316

PAN No.:

AAHPR8333C

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	HYDERABAD CHEMICALS LIMITED	Managing director	01/04/2009	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	VIBRANT GREENTECH LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO

Name :

Mr. Dipesh Kantisen Shroff

Designation :

Director

Address :

Sanket 39 Hatkesh Society, No.6 N S Road Juhu, No.6, Ville Parle (West), Mumbai - 400056, Maharashtra, India

Date of Birth/Age :

03.02.1960

Date of Appointment :

21.11.2003

DIN No.:

00030792

PAN No.:

AJMPS3622D

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 LTD	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 LIMITED	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	HYDERABAD CHEMICALS 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 LIMITED	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
19	U91990GJ2008NPL053876	FEDERATION OF KUTCH INDUSTRIES ASSOCIATION	Director	16/01/2009	16/01/2009	-	Active	NO
20	U01112TG2009PLC063224	NEO SEEDS INDIA LIMITED	Director	31/03/2009	31/03/2009	-	Active	NO
21	U65993MH2006PLC164038	ECCL INVESTMENTS AND FINANCE LIMITED	Additional director	26/09/2013	26/09/2013	-	Active	NO
22	U24100TG2013PLC091503	NECTAR CROP SCIENCES LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO
23	U24100TG2013PLC091502	VIBRANT GREENTECH 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 :

24.09.1950

Date of Appointment :

21.11.2003

DIN No.:

00019693

PAN No.:

AACPS7329E

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 LIMITED	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	HYDERABAD CHEMICALS 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	VIBRANT GREENTECH LIMITED	Director	05/12/2013	05/12/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Balakrishna
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 27.08.2013

Names of Shareholders	No. of Shares
Dipesh Kantisen Shroff	28680
N Sukumar	26100
Shruti Atul Shroff	31180
Preeti Dipesh Shroff	10000
Chanda Kantisen Shroff	15000
Chanda Kantisen Shroff	15000
N Gayatri	20020
N Viswa	5000
N Ram Chaitanya	5000
Atul Govindji Shroff	15000
Atul Govindji Shroff	9000
Anshul Amrish Bhatia	3000
Ravi Ashwin Shoff	3000
Ashwin Champraj Shroff	15000
Usha Ashwin Shroff	15000
Hrishit Ashwin Shriff	18000
Sanjay K Gandhi	8150
Shaila Shashikumar Shroff	3000
Maya K Gandh	9950
Jyotsna Jyoti Bhatt	15000
Ramesh Chandra Premji	3000
Nilima J. Gandhi	1500
Jyotindra K. Gandhi	7200
G. Sarana Basappa	300
B. Mallesh	300
Narendra K. Gandhi	5220
K. Durga Prasad	300
B. bellard	600
P.S.N. Murthy	600
B. Sulochana	600
Parag J Gandhi	300
K. Simhanchalam	600
S. Mallesh	300
L Simhanchalam	600
Lalubhai Sisodia	600
P. Ashappa	300
M. Vijaya Lakshmi	300
V. S. Sastry	600
Hiral T. Dayal	3000
G. Padmavati	600
L. Janaki	100
Ranjan Kishor Shroff	3000
Total	300000

As on: 27.08.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	60.00
Other top fifty shareholders	40.00
Total

BUSINESS DETAILS

Line of Business :

Manufacturer of Chemicals and Pesticides.

Products :

Product Description	ITC Code
Hythene	38081019
Hyfort	38081019
Hycrophos	38081019

• Alphakill

• Angel
• Bifors
• Bijili
• Conzol
• Echonil
• Hycrofos
• Hydan
• Hysulfan
• Hythene
• Hyvap
• Imicon
• Matin
• Ninja
• Paraforce
• Paratop
• Pendistar
• Prime
• Wartap 4g
• Weedonil

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• State Bank of Hyderabad, IDPL Colony Branch, Kukatpally, Hyderabad - 500037, Andhra Pradesh, India
• Citibank N.A., 1st Floor, Queens Plaza, Sardar Patel Road, Hyderabad - 500003, Andhra Pradesh, India
• State Bank of India, Overseas Branch,5-9-300, ABIDS, Hyderabad – 500001, Andhra Pradesh, India

Facilities :

Secured Loans	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Working Capital Loans From Banks	27.931	26.130
LONG TERM BORROWINGS	83.323	119.654
Total	111.254	145.784

Banking Relations :	--
Auditors :
Name :	Raju and Prasad Chartered Accountants
Address :	401, Diamond House, Amrutha Hills, Punjagutta, Hyderabad – 5000082, Telangana, India
Tel. No.:	91-40-23410404
Fax No.:	91-40-23410403
E-Mail :	rajuandprasad@gmail.com Hyderabad@rajuandprasad.com
PAN No.:	AACFR2404H
Subsidiaries :	Neo Seeds India Limited CIN No.: U01112AP2009PLC063224 Hyderabad Chemical Products Private Limited CIN No.: U24239AP1990PTC011356
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Transpek Marketing Limited CIN No.: U51100GJ1987PLC009487 Excel Crop Care Limited CIN No.: L74999MH1964PLC012878 Excel Industries Limited CIN No.: L24200MH1960PLC011807

CAPITAL STRUCTURE

As on: 27.08.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
300000	Equity Shares	Rs.10/- each	Rs.3.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	3.000	3.000	3.000
(b) Reserves & Surplus	1262.507	1164.776	1085.886
(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)	1265.507	1167.776	1088.886
(3) Non-Current Liabilities
(a) Long-term borrowings	96.480	144.425	28.363
(b) Deferred tax liabilities (Net)	60.309	62.477	57.977
(c) Other long term liabilities	0.000	0.000	0.000
(d) Long-term provisions	6.468	3.107	3.146
Total Non-current Liabilities (3)	163.257	210.009	89.486
(4) Current Liabilities
(a) Short term borrowings	27.931	26.130	44.723
(b) Trade payables	242.026	153.152	133.029
(c) Other current liabilities	121.063	122.508	102.095
(d) Short-term provisions	58.763	52.302	83.531
Total Current Liabilities (4)	449.783	354.092	363.378
TOTAL	1878.547	1731.877	1541.750
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	573.179	602.832	330.400
(ii) Intangible Assets	4.809	6.922	8.052
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	59.423	59.423	59.423
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	292.597	203.927	206.956
(e) Other Non-current assets	12.174	15.502	1.988
Total Non-Current Assets	942.182	888.606	606.819
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	435.815	417.942	468.892
(c) Trade receivables	307.999	239.599	267.929
(d) Cash and cash equivalents	45.312	46.453	48.732
(e) Short-term loans and advances	14.057	18.437	149.378
(f) Other current assets	133.182	120.840	0.000
Total Current Assets	936.365	843.271	934.931
TOTAL	1878.547	1731.877	1541.750

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	2299.135	2187.769	2313.209
		Other Income	38.985	23.652	20.733
		TOTAL (A)	2338.120	2211.421	2333.942
Less	EXPENSES
		Cost of Materials Consumed	1488.537	1229.576	1385.670
		Purchases of Stock-in-Trade	171.467	138.936	174.422
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(1.239)	56.864	(63.304)
		Employees benefits expense	110.571	90.243	77.504
		Other expenses	346.895	496.334	489.018
		TOTAL (B)	2116.231	2011.953	2063.310
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		221.889	199.468	270.632
Less	FINANCIAL EXPENSES (D)		11.355	12.517	0.785
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		210.534	186.951	269.847
Less/ Add	DEPRECIATION/ AMORTISATION (F)		49.430	44.424	32.643
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		161.104	142.527	237.204
Less	TAX (H)		32.237	32.500	59.893
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		128.867	110.027	177.311
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		61.733	57.843	56.767
Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	75.000	145.000
		Interim Dividend	0.000	6.000	6.000
		Dividend	0.000	21.000	21.000
		Tax on Dividend	0.000	4.137	4.235
	BALANCE CARRIED TO THE B/S		0.000	61.733	57.843
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	15.846	0.000	1.780
	TOTAL EARNINGS		15.846	0.000	1.780
	IMPORTS
		Raw Materials	237.167	91.827	115.916
	TOTAL IMPORTS		237.167	91.827	115.916
	Earnings / (Loss) Per Share (Rs.)		429.56	366.00	591.00

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	5.51	4.98	7.60
Net Profit Margin (PBT/Sales)	(%)	7.01	6.51	10.25
Return on Total Assets (PBT/Total Assets}	(%)	8.86	8.52	16.00
Return on Investment (ROI) (PBT/Networth)		0.13	0.12	0.22
Debt Equity Ratio (Total Debt/Networth)		0.10	0.15	0.07
Current Ratio (Current Asset/Current Liability)		2.08	2.38	2.57

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	3.000	3.000	3.000
Reserves & Surplus	1085.886	1164.776	1262.507
Net worth	1088.886	1167.776	1265.507
long-term borrowings	28.363	144.425	96.480
Short term borrowings	44.723	26.130	27.931
Total borrowings	73.086	170.555	124.411
Debt/Equity ratio	0.067	0.146	0.098

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	2313.209	2187.769	2299.135
		(5.423)	5.090

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	2313.209	2187.769	2299.135
Profit	177.311	110.027	128.867
	7.67%	5.03%	5.61%

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	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	No
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	Yes
33) Voter ID No of Proprietor/Partner/Director, if available	No
34) External Agency Rating, if available	No

UNSECURED LOANS:

(Rs. In Millions)

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowing
Deferred Sales Tax Loan	13.157	24.770
Total	13.157	24.770

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10367308	05/07/2012	25,000,000.00	STATE BANK OF HYDERABAD	IDPL COLONY BRANCH, KUKATPALLY, HYDERABAD, Andhra Pradesh - 500037, INDIA	B44431237
2	10284214	13/04/2011	175,000,000.00	Citibank N.A.	1st Floor, Queens Plaza, Sardar Patel Road, Hyde rabad, Andhra Pradesh - 500003, INDIA	B12081394
3	10040359	17/04/2014 *	410,000,000.00	STATE BANK OF HYDERABAD	IDPL COLONY BRANCH, KUKATPALLY, HYDERABAD, Andhra Pradesh - 500037, INDIA	C03840428
4	90258485	15/09/1994 *	18,300,000.00	INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED	CORE- 4A; EAST COURT; 1ST FLOOR, INDIA HABITAT CE NTRE; LODI ROAD, NEW DELHI, Delhi, INDIA	-
5	90257956	27/04/1994	500,000.00	STATE BANK OF HYDERABAD	IDPL COLONY, HYDERABAD, Andhra Pradesh, INDIA	-
6	90257251	11/10/1976	527,000.00	A.P. STATE FINANCIAL CORPORATION	CHIRAG ALI LANE, HYDERABAD, Andhra Pradesh, INDIA	-
7	90257247	08/07/1976	9,177.00	STATE BANK OF HYDERABAD	IDPL COLONY, HYDERABAD, Andhra Pradesh, INDIA	-
8	90257244	17/02/1976	300,000.00	STATE BANK OF HYDERABAD	IDPL COLONY, HYDERABAD, Andhra Pradesh, INDIA	-
9	80005726	04/06/2012 *	97,500,000.00	STATE BANK OF HYDERABAD	IDPL COLONY, KUKATPALLY, HYDERABAD, Andhra Pradesh - 500037, INDIA	B42117739
10	90257240	26/06/2002 *	350,000.00	STATE BANK OF HYDERABAD	IDPL COLONY, HYDERABAD, Andhra Pradesh, INDIA	-

* Date of charge modification

FIXED ASSETS:

• Land
• Building
• Plant and Machinery
• Furniture and Fixtures
• Laboratory Equipment
• Vehicles
• Technical Books
• Land (Wind farm)
• Building (Wind farm)
• Plant and Machinery (Wind farm)
• Land (Agricultural)
• Shed at Agricultural Land
• Plant and Machinery (Agricultural)

OVERVIEW:

The financial year 2012-13 started off on a sluggish note with delayed Monsoon adversely affecting the Agchem market during the initial phase. However, there was improvement in the seasonal conditions subsequently with good rainfall resulting an average performance of the Agchem sector in the domestic market. The last quarter of the year has witnessed strong initiatives from Government of India for curbing illegal import of unregistered / substandard products from China which has been posing a serious challenge to the domestic industry during the last few years. This move is expected to contribute substantially for the growth of domestic manufacturing industry in coming years. The renewed emphasis of Government of India for increasing the Agricultural production / productivity is also expected to enhance the potential growth of the Agchem manufacturing industry in India.

PERFORMANCE:

During the financial year 2012-13, Hyderabad Chemicals Limited, subsidiaries Hyderabad Chemical Products Limited and Neo Seeds India Limited have witnessed respectable growth and consolidation. The combined sales of HCL, HCPL & NSIL have increased to Rs.4130.000 Millions compared to Rs.3580.000 Millions during the previous year registering a growth of 15%. The combined profit before tax has improved to Rs.297.400 Millions as against Rs.238.000 Millions during the previous year signifying a healthy growth of 25%. The combined profit after tax (after provision for deferred taxation) has risen to Rs.223.000 Millions compared to Rs.189.000 Millions during the previous year reflecting a growth of 18%.

During the year, a number of significant initiatives have been taken to infuse enhanced growth and improve profitability to make the company future ready. Production facilities in general and Humnabad in particular have been strengthened to usher on next level of growth.

Concrete progress for contract manufacturing arrangements for global level achieved during the year is expected to contribute to substantial growth in the near future.

Backward integration, product portfolio enhancement, improved geographical spread coupled with continual improvement initiatives have helped to strengthen the domestic market. A separate division for exports is being initiated during the current year to enhance international business which has a huge potential.

OUT LOOK FOR THE CURRENT YEAR:

The year started off well with the onset of early Monsoon and wide spread rains. The company foresees immense growth potential during the financial year 2013-14 barring unforeseen circumstances.

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 records 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.60.19
UK Pound	1	Rs.102.56
Euro	1	Rs.81.90

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	DIV
Report Prepared by :	OKR

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		53

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.