MIRA INFORM REPORT

Report No. :	315242
Report Date :	06.04.2015

IDENTIFICATION DETAILS

Name :	BIOLOGICAL E. LIMITED
Registered Office :	18/1 and 3, Azamabad, Hyderabad - 500020, Telangana
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	10.12.1953
Com. Reg. No.:	001095
Capital Investment / Paid-up Capital :	Rs. 49.500 Million
CIN No.: [Company Identification No.]	U01120TG1953PLC001095
TAN No.: [Tax Deduction & Collection Account No.]	HYDB00005F
PAN No.: [Permanent Account No.]	AAACB7873P
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in Manufacturer, Seller of Bulk Drugs, Formulations, Vaccines, etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (62)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 11500000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by adequate liquidity position and decent profitability margins of the company. Trade relations are reported as fair. Business is active. Payment are reported to be regular and as per commitment. The company can be considered good for normal 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
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	ICRA
Rating	Long term bank facilities = A+
Rating Explanation	Adequate degree of safety and low credit risk
Date	March 2014

Rating Agency Name	ICRA
Rating	Short Term bank facilities = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk
Date	March 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.

LOCATIONS

Registered Head / Office:	18/1 and 3, Azamabad, Hyderabad - 500020, Andhra Pradesh, Telangana, India
Tel. No.:	91-40-3021 3999
Fax No.:	91-40-2761 5309
E-Mail :	Mahipalreddy.Saddi@biologicale.co.in info@biologicale.com balajims@hd2.vsnl.net.in dsc@biologicale.co.in intl@biologicale.co.in umakanta.b@biologicale.co.in origin@biologicale.co.in intl@biologicale.co.in
Website :	http://www.biologicale.com
Corporate Office :	Road No. 35, Jubilee Hills, Hyderabad - 500033, Telangana, India
Tel. No.:	91-40-71216000
Fax No.:	91-40-71216128 / 6030
E-Mail :	info@biologicale.co.in

DIRECTORS

AS ON 19.09.2014

Name :

Dr. Renuka Datla

Designation :

Whole Time Director

Address :

H. No. 2-2-12/3A, D. D. Colony, Adikmet, Hyderabad – 500007, Telangana, India

Date of Birth/Age :

19.05.1946

Qualification :

M.D.,Ph. D., FCCP, MNAMA,M-CAM

Date of Appointment :

30.09.2009

PAN No.:

AFAPR2059D

DIN No.:

00322030

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	COMPANY/ LLP STATUS	DEFAULTING STATUS
1	U65990MH1979PTC021527	V.R. INVESTMENTS AND FINANCE PRIVATE LIMITED	DIRECTOR	14-08-1979	14-08-1979	ACTIVE	NO
2	U63011TG1983PTC003893	V.R. TRANSPORT CO PRIVATE LIMITED	DIRECTOR	31-03-1983	31-03-1983	ACTIVE	NO
3	U24230TG1986PTC006397	TECHNOPHARMA PRIVATE LIMITED	DIRECTOR	05-12-1987	05-12-1987	ACTIVE	NO
4	U24239TG1989PTC010050	BIOTECH PHARMA PRIVATE LIMITED	DIRECTOR	28-05-1989	28-05-1989	ACTIVE	NO
5	U65993TG1987PTC008036	B.E. INVESTMENT AND FINANCE PRIVATE LIMITED	DIRECTOR	30-04-1991	30-04-1991	ACTIVE	NO
6	U73100TG1985PLC005562	BE RESEARCH CENTRE	DIRECTOR	30-04-1991	30-04-1991	ACTIVE	NO
7	U45200TG1983PTC003894	V.R.CONSTRUCTION PRIVATE LIMITED	DIRECTOR	29-08-1991	29-08-1991	ACTIVE	NO
8	U70102TG1986PTC006777	V.R.REAL ESTATES PRIVATE LIMITED.	DIRECTOR	29-08-1991	29-08-1991	ACTIVE	NO
9	U01120TG1953PLC001095	BIOLOGICAL E. LIMITED	WHOLE-TIME DIRECTOR	30-09-2009	29-08-1991	ACTIVE	NO
10	U01134TG1983PTC004308	V.R.FARMS PRIVATE LIMITED	DIRECTOR	29-08-1991	29-08-1991	ACTIVE	NO
11	U24230TG1986PTC006392	EUREKA LABORATORIES PRIVATE LIMITED	DIRECTOR	02-09-1991	02-09-1991	ACTIVE	NO
12	U24230TG1986PTC006399	HIGH-TECH MEDICALS PRIVATE LIMITED	DIRECTOR	14-10-1991	14-10-1991	ACTIVE	NO
13	U24239AP1988PTC008307	BE PHARMA PRIVATE LIMITED	DIRECTOR	15-09-1992	15-09-1992	STRIKE OFF	NO
14	U21020TG1976PTC001643	D.A.P. CONTAINERS PRIVATE LIMITED	DIRECTOR	20-10-1993	20-10-1993	ACTIVE	NO
15	U33100TG1979PTC002451	BE ANIMAL HEALTH PRIVATE LIMITED	DIRECTOR	12-05-1997	12-05-1997	ACTIVE	NO
16	U24230TG1999PTC033023	BIONA HEALTH CARE PRIVATE LIMITED	DIRECTOR	10-12-1999	10-12-1999	ACTIVE	NO

Name :

Mr. Grandhi Venkat Rao

Designation :

Director

Address :

Flat No.401, Jhansi Residency, H.No.6-3-347/22/B, Dwarakapuri Colony, Punjagutta, Hyderabad – 500082, Telangana, India

Date of Birth/Age :

12.08.1938

Qualification :

B.Sc., FCA, L.L.B

Date of Appointment :

31.08.2009

DIN No.:

00113846

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	U65993TG1987PTC008036	B.E. INVESTMENT AND FINANCE PRIVATE LIMITED	DIRECTOR	22-10-1997	22-10-1997	-	ACTIVE	NO
2	U24230TG1999PTC032680	BIOTECH MEDICALS PRIVATE LIMITED	DIRECTOR	14-10-1999	14-10-1999	-	ACTIVE	NO
3	U01120TG1953PLC001095	BIOLOGICAL E. LIMITED	DIRECTOR	31-08-2009	18-11-2000	-	ACTIVE	NO
4	L24110TG1990PLC011854	DIVI'S LABORATORIES LIMITED	DIRECTOR	10-03-2001	10-03-2001	03-11-2012	ACTIVE	NO
5	U73100TG2000PTC035018	BIONA HERBAL RESEARCH CENTRE PRIVATE LIMITED	DIRECTOR	03-09-2001	03-09-2001	-	ACTIVE	NO
6	U45200TG2008PTC059537	AURIS HOLDINGS andINFRASTRUCTURE PRIVATE LIMITED	DIRECTOR	05-06-2008	05-06-2008	-	ACTIVE	NO
7	U24232TG2007PTC056228	LEESA LIFESCIENCES PRIVATE LIMITED	DIRECTOR	01-10-2009	01-10-2009	16-07-2011	ACTIVE	NO

Name :

Ms. Indira Pusapati

Designation :

Whole Time Director

Address :

Plot No. 280/B, Road No. 25, Jubilee Hills, Hyderabad – 500033, Telangana, India

Date of Birth/Age :

19.21.1971

Qualification :

M.B.B.S.

Date of Appointment :

14.07.2014

PAN No.:

AEHPP6578D

DIN No.:

00482381

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	COMPANY/ LLP STATUS	DEFAULTING STATUS
1	U65990MH1979PTC021527	V.R. INVESTMENTS AND FINANCE PRIVATE LIMITED	DIRECTOR	26-02-1991	26-02-1991	ACTIVE	NO
2	U24246TG1983PTC004218	LACTO-COSMETICS (AP) PRIVATE LIMITED	DIRECTOR	02-08-1991	02-08-1991	ACTIVE	NO
3	U24246TG1983PTC004220	LACTO-COSMETICS (HYD) PRIVATE LIMITED	DIRECTOR	05-08-1991	05-08-1991	ACTIVE	NO
4	U70102TG1986PTC006777	V.R.REAL ESTATES PRIVATE LIMITED.	DIRECTOR	09-08-1991	09-08-1991	ACTIVE	NO
5	U45200TG1983PTC003894	V.R.CONSTRUCTION PRIVATE LIMITED	DIRECTOR	12-08-1991	12-08-1991	ACTIVE	NO
6	U01134TG1983PTC004308	V.R.FARMS PRIVATE LIMITED	DIRECTOR	19-08-1991	19-08-1991	ACTIVE	NO
7	U74950TG1983PTC003895	V R PACKING COMPANY PRIVATE LIMITED	DIRECTOR	21-08-1991	21-08-1991	ACTIVE	NO
8	U26942TG1995PTC019852	COBRA CEMENTS PRIVATE LIMITED	DIRECTOR	29-03-1995	29-03-1995	ACTIVE	NO
9	U21020TG1976PTC001643	D.A.P. CONTAINERS PRIVATE LIMITED	DIRECTOR	30-12-1996	30-12-1996	ACTIVE	NO
10	U24230TG1999PTC033023	BIONA HEALTH CARE PRIVATE LIMITED	DIRECTOR	10-12-1999	10-12-1999	ACTIVE	NO
11	U24230TG1986PTC006397	TECHNOPHARMA PRIVATE LIMITED	DIRECTOR	16-08-2006	16-08-2006	ACTIVE	NO
12	U01120TG1953PLC001095	BIOLOGICAL E. LIMITED	WHOLE-TIME DIRECTOR	14-07-2014	09-04-2013	ACTIVE	NO
13	U24239TG1989PTC010050	BIOTECH PHARMA PRIVATE LIMITED	ADDITIONAL DIRECTOR	12-04-2013	12-04-2013	ACTIVE	NO
14	U45200TG2008PTC059537	AURIS HOLDINGS andINFRASTRUCTURE PRIVATE LIMITED	ADDITIONAL DIRECTOR	12-04-2013	12-04-2013	ACTIVE	NO
15	U24230TG1999PTC032680	BIOTECH MEDICALS PRIVATE LIMITED	ADDITIONAL DIRECTOR	12-04-2013	12-04-2013	ACTIVE	NO
16	U85110TG2011PTC074817	ASIAN INSTITUTE OF NEPHROLOGY AND UROLOGY PRIVATE LIMITED	DIRECTOR	28-09-2013	14-07-2013	ACTIVE	NO
17	U24233TG2014PTC092844	BE IMMUNOLOGY PRIVATE LIMITED	DIRECTOR	07-02-2014	07-02-2014	ACTIVE	NO
18	U24100AP2014PTC094087	BE VAXCO PRIVATE LIMITED	DIRECTOR	20-05-2014	20-05-2014	ACTIVE	NO
19	U74900TG2015PTC097587	VAXENIC INDIA PRIVATE LIMITED	DIRECTOR	09-02-2015	09-02-2015	ACTIVE	NO

Name :

Ms. Mahima Datla

Designation :

Managing Director

Address :

Plot No. 350, Road No. 25, Jubilee hills, Hyderabad – 500033, Telangana, India

Date of Birth/Age :

16.07.1977

Qualification :

Date of Appointment :

14.07.2014

PAN No.:

AGJPD1584F

DIN No.:

00965039

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	COMPANY/ LLP STATUS	DEFAULTING STATUS
1	U24230TG1999PTC031761	B E IMMUNO SCIENCES PRIVATE LIMITED	DIRECTOR	24-05-1999	24-05-1999	ACTIVE	NO
2	U73100TG2000PTC035018	BIONA HERBAL RESEARCH CENTRE PRIVATE LIMITED	DIRECTOR	31-07-2000	31-07-2000	ACTIVE	NO
3	U73100TG1985PLC005562	BE RESEARCH CENTRE	DIRECTOR	01-03-2006	01-03-2006	ACTIVE	NO
4	U24230TG1999PTC033023	BIONA HEALTH CARE PRIVATE LIMITED	DIRECTOR	28-06-2007	28-06-2007	ACTIVE	NO
5	U24230TG1999PTC032680	BIOTECH MEDICALS PRIVATE LIMITED	DIRECTOR	30-09-2011	30-09-2011	ACTIVE	NO
6	U24297TG2012PTC079725	BE VACCINES PRIVATE LIMITED	DIRECTOR	13-03-2012	13-03-2012	ACTIVE	NO
7	U01120TG1953PLC001095	BIOLOGICAL E. LIMITED	MANAGING DIRECTOR	14-07-2014	10-04-2013	ACTIVE	NO
8	U24233TG2014PTC092844	BE IMMUNOLOGY PRIVATE LIMITED	DIRECTOR	07-02-2014	07-02-2014	ACTIVE	NO
9	U24100AP2014PTC094087	BE VAXCO PRIVATE LIMITED	DIRECTOR	20-05-2014	20-05-2014	ACTIVE	NO
10	U74900TG2015PTC097587	VAXENIC INDIA PRIVATE LIMITED	DIRECTOR	09-02-2015	09-02-2015	ACTIVE	NO

Name :

Purnima Mantena

Designation :

Whole Time Director

Address :

Plot No. 350, Road No. 23, Jubilee Hills, Hyderabad – 500033, Telangana, India

Date of Birth/Age :

09.08.1970

Qualification :

Graduate

Date of Appointment :

01.01.2014

PAN No.:

ACQPM0725N

DIN No.:

00965007

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	COMPANY/ LLP STATUS	DEFAULTING STATUS
1	U24246TG1983PTC004220	LACTO-COSMETICS (HYD) PRIVATE LIMITED	DIRECTOR	31-08-1988	31-08-1988	ACTIVE	NO
2	U24246TG1983PTC004218	LACTO-COSMETICS (AP) PRIVATE LIMITED	DIRECTOR	23-09-1988	23-09-1988	ACTIVE	NO
3	U74950TG1983PTC003895	V R PACKING COMPANY PRIVATE LIMITED	WHOLE-TIME DIRECTOR	16-01-1989	16-01-1989	ACTIVE	NO
4	U21020TG1976PTC001643	D.A.P. CONTAINERS PRIVATE LIMITED	DIRECTOR	16-01-1989	16-01-1989	ACTIVE	NO
5	U01134TG1983PTC004308	V.R.FARMS PRIVATE LIMITED	DIRECTOR	17-01-1989	17-01-1989	ACTIVE	NO
6	U63011TG1983PTC003893	V.R. TRANSPORT COMPANY PRIVATE LIMITED	DIRECTOR	18-01-1989	18-01-1989	ACTIVE	NO
7	U45200TG1983PTC003894	V.R.CONSTRUCTION PRIVATE LIMITED	DIRECTOR	19-01-1989	19-01-1989	ACTIVE	NO
8	U70102TG1986PTC006777	V.R.REAL ESTATES PRIVATE LIMITED.	DIRECTOR	20-01-1989	20-01-1989	ACTIVE	NO
9	U24230TG1986PTC006397	TECHNOPHARMA PRIVATE LIMITED	DIRECTOR	21-01-1989	21-01-1989	ACTIVE	NO
10	U24239TG1989PTC010050	BIOTECH PHARMA PVT LTD.	DIRECTOR	23-06-1989	23-06-1989	ACTIVE	NO
11	U65990MH1979PTC021527	V.R. INVESTMENTS AND FINANCE PRIVATE LIMITED	DIRECTOR	26-02-1991	26-02-1991	ACTIVE	NO
12	U24230TG1999PTC033023	BIONA HEALTH CARE PRIVATE LIMITED	DIRECTOR	10-12-1999	10-12-1999	ACTIVE	NO
13	U72200TG2000PTC033825	VASISHTA TECHNOLOGIES PRIVATE LIMITED	DIRECTOR	14-06-2000	14-06-2000	ACTIVE	NO
14	U24230TG1986PTC006399	HIGH-TECH MEDICALS PRIVATE LIMITED	DIRECTOR	01-08-2000	01-08-2000	ACTIVE	NO
15	U73100TG1985PLC005562	BE RESEARCH CENTRE	DIRECTOR	02-08-2010	02-08-2010	ACTIVE	NO
16	U01120TG1953PLC001095	BIOLOGICAL E. LIMITED	WHOLE-TIME DIRECTOR	01-01-2014	10-04-2013	ACTIVE	NO
17	U24230TG1999PTC031761	B E IMMUNO SCIENCES PRIVATE LIMITED	ADDITIONAL DIRECTOR	12-04-2013	12-04-2013	ACTIVE	NO
18	U73100TG2000PTC035018	BIONA HERBAL RESEARCH CENTRE PRIVATE LIMITED	ADDITIONAL DIRECTOR	12-04-2013	12-04-2013	ACTIVE	NO
19	U45200TG2008PTC059537	AURIS HOLDINGS AND INFRASTRUCTURE PRIVATE LIMITED	ADDITIONAL DIRECTOR	12-04-2013	12-04-2013	ACTIVE	NO
20	U24297TG2012PTC079725	BE VACCINES PRIVATE LIMITED	ADDITIONAL DIRECTOR	12-04-2013	12-04-2013	ACTIVE	NO
21	U65993TG1987PTC008036	B.E. INVESTMENT AND FINANCE PRIVATE LIMITED	ADDITIONAL DIRECTOR	01-08-2013	01-08-2013	ACTIVE	NO
22	U24233TG2014PTC092844	BE IMMUNOLOGY PRIVATE LIMITED	DIRECTOR	07-02-2014	07-02-2014	ACTIVE	NO
23	U24100AP2014PTC094087	BE VAXCO PRIVATE LIMITED	DIRECTOR	20-05-2014	20-05-2014	ACTIVE	NO
24	U74900TG2015PTC097587	VAXENIC INDIA PRIVATE LIMITED	DIRECTOR	09-02-2015	09-02-2015	ACTIVE	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 19.09.2014

Names of Shareholders	No. of Shares
Mahima Datla	413293
Mahima Datla and Renuka Datla	14172
Poornima Mantena	5505
Indira P. Raju	5506
Vijay Kumar Datla and (Trustee Purnima and Indu Trust)	1999
Vijay Kumar Datla and (Trustee (Mahima Trust)	1685
Poornima, Indira amd Mahima	187
Vijay Kumar Datla and Renuka Datla	5813
Renuka Datla And Mahima Datla	26995
V.R. Investments and Finance Private Limited	18425
Purnedu Gupta and Krishna Gupta	250
Narender Dev Mantena	11
Sridhar P. Raju	11
Renuka Datla	1148
Total	495000

AS ON 19.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	3.72
Directors or relatives of directors	96.23
Others	0.05
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in Manufacturer, Seller of Bulk Drugs, Formulations, Vaccines, etc.

Products/ Services :

ITC Code No.	Product Descriptions
30019091	Heparine Group
30022013	TT

· Vaccines

· Pharma

■ Anti Infective

■ Anticoagulants

■ Analgesics and Antipyretic

■ Gastrointestinal Therapy

■ Nutraceuticals

■ Respiratory Therapy

· International

· API

· International Sales

Brand Names :

--

Agencies Held :

--

Exports :

--

Imports :

--

Terms :

--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

Reference:	--
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

No. of Employees :

Not Available

Bankers :

Bank Name:	--
Branch:	--
Person Name (with Designation):	--
Contact Number:	--
Name of Account Holder:	--
Account Number:	--
Account Since (Date/ Year of A/c Opening):	--
Average Balance Maintained (Optional):	--
Credit Facilities Enjoyed (CC/OD/Term Loan):	--
Account Operation:	--
Remarks:	--

· Bank of Baroda, Abids Circle, Secundrabd, Andhra Pradesh, India

· The Lakshmi Vilas Bank Limited, 5-1-716/1, Bank Street, Hyderabad – 500195, Andhra Pradesh , India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Rupee Term Loans from Banks	0.000	803.370
SHORT TERM BORROWINGS
Loans Repayable on Demand from Banks	0.000	180.501
Total	0.000	983.871

Banking Relations :	--
Auditors :
Name :	Brahmayya and Company Chartered Accountants
Address :	Flat No. 403 and 404, Golden Green Apartment, Irrum Manzil Colony, Hyderabad - 500082, Madhya Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AADFB8032G
Subsidiary Companies :	· Biotech Medicals Private Limited (CIN No.: U24230TG1999PTC032680) · B.E. Investment and Finance Private Limited (CIN No.: U65993TG1987PTC008036)
Companies in which Key Management Personnel are interested :	· D A P Containers Private Limited (CIN No.: U21020TG1976PTC001643) · V.R. Packing Company. Private Limited (CIN No.: U74950TG1983PTC003895) · V R Farms Private Limited (CIN No.: U01134TG1983PTC004308) · V R Transport Company Private Limited (CIN No.: U63011TG1983PTC003893) · V.R.Investments and Finance Private Limited (CIN No.: U65990MH1979PTC021527) · V.R.Constructions Private Limited (CIN No.: U45200TG1983PTC003894) · V.R.Real Estate Private Limited · Vasistha Technologies Private Limited (CIN No.: U72200TG2000PTC033825) · Biona Health Care Private Limited (CIN No.: U24230TG1999PTC033023) · Biona Herbal Research Centre Private Limited · Hitech Medicals Private Limited · BE Animal Health Private Limited (CIN No.: U33100TG1979PTC002451) · BE Chemicals Private Limited · BE Pharma Private Limited · Biotech Pharma Private Limited 9CIN No.: U24239TG1989PTC010050) · BE Immuno Sciences Private Limited. (CIN No.: U24230TG1999PTC031761) · Eureka Laboratories Private Limited · Techno Pharma Private Limited · Auris Holdings and Infrastructure Private Limited

·

CAPITAL STRUCTURE

AS ON 19.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500,000	Equity Shares	Rs. 100/- each	Rs. 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
495,000	Equity Shares	Rs. 100/- each	Rs. 49.500 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	49.500	49.5	49.5
(b) Reserves & Surplus	3983.243	1618.043	660.896
(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)	4032.743	1667.543	710.396
(3) Non-Current Liabilities
(a) Long-term borrowings	534.858	878.083	1427.345
(b) Deferred tax liabilities (Net)	379.347	344.405	97.625
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	26.085	21.453	17.511
Total Non-current Liabilities (3)	940.290	1243.941	1542.481
(4) Current Liabilities
(a) Short term borrowings	0.000	312.737	696.897
(b) Trade payables	342.679	213.031	182.446
(c) Other current liabilities	2713.355	1938.482	1354.469
(d) Short-term provisions	461.963	11.582	6.162
Total Current Liabilities (4)	3517.997	2475.832	2239.974
TOTAL	8491.030	5387.316	4492.851
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2924.634	2948.196	2940.563
(ii) Intangible Assets	0.952	15.966	35.209
(iii) Capital work-in-progress	182.128	7.276	0.299
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	551.672	27.596	27.165
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	173.475	1.186	1.186
(e) Other Non-current assets	0.000	6.627	0.000
Total Non-Current Assets	3832.861	3006.847	3004.422
(2) Current assets
(a) Current investments	80.000	0.000	0.000
(b) Inventories	1622.072	818.082	740.973
(c) Trade receivables	1022.634	275.741	252.502
(d) Cash and cash equivalents	1544.893	921.186	342.097
(e) Short-term loans and advances	375.149	296.262	146.884
(f) Other current assets	13.421	23.148	5.973
Total Current Assets	4658.169	2334.419	1488.429
TOTAL	8491.030	5341.266	4492.851

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	6976.502	4743.093	2196.814
		Other Income	218.977	18.52	157.426
		TOTAL (A)	7195.479	4761.613	2354.240
Less	EXPENSES
		Cost of Materials Consumed	1120.928	852.574	714.106
		Purchases of Stock-in-Trade	91.218	72.226	51.745
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(658.199)	(39.530)	(142.769)
		Employees benefits expense	857.879	659.937	494.759
		Other expenses	2039.915	1464.283	999.33
		Exceptional Items Before Tax	0.000	15.962	(83.963)
		TOTAL	3451.741	3025.452	2033.208
	PROFIT / LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		3743.738	1736.161	321.032
Less	FINANCIAL EXPENSES		241.304	254.017	391.931
	PROFIT / LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION		3502.434	1482.144	-70.899
Less/ Add	DEPRECIATION/ AMORTISATION		191.583	187.159	180.23
	PROFIT / LOSS BEFORE TAX		3310.852	1294.985	(251.129)
Less	TAX		934.070	326.255	(111.337)
	PROFIT / LOSS AFTER TAX		2376.782	968.730	(139.792)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	4511.663	2299.656	360.042
	IMPORTS
		Raw Materials and Packing material	509.891	275.366	290.437
		Capital Equipment	71.833	46.296	21.026
	TOTAL IMPORTS		581.724	321.662	311.463
	Earnings Per Share (Rs.)		4802.00	1957.00	282.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	34.07	20.42	(6.36)
Operating Profit Margin (PBDIT/Sales)	(%)	53.66	36.60	14.61
Return on Total Assets (PBT/Total Assets}	(%)	42.68	24.40	(5.62)
Return on Investment (ROI) (PBT/Networth)		0.82	0.78	(0.35)
Debt Equity Ratio (Total Debt/Networth)		0.13	0.71	2.99
Current Ratio (Current Asset/Current Liability)		1.32	0.94	0.66

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	49.500	49.500	49.500
Reserves & Surplus	660.896	1618.043	3983.243
Net worth	710.396	1667.543	4032.743
Long-term borrowings	1427.345	878.083	534.858
Short term borrowings	696.897	312.737	0.000
Total borrowings	2124.242	1190.820	534.858
Debt/Equity ratio	2.990	0.714	0.133

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2196.814	4743.093	6976.502
		115.908	47.088

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2196.814	4743.093	6976.502
Profit	(139.792)	968.730	2376.782
	(6.36%)	20.42%	34.07%

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	Yes
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS :

ITTA 195 / 2011	ITTASR 858 / 2008	CASE IS:PENDING
PETITIONER		RESPONDENT
THE COMMISSIONER OF INCOME TAX-I, HYDERABAD	VS	BIOLOGICAL E LTD.,
PET.ADV. : PRASAD (SC FOR INCOME TAX)		RESP.ADV. :
SUBJECT: U/Sec. 143 Assessment		DISTRICT:  HYDERABAD
FILING DATE:  24-03-2008	POSTING STAGE :  FOR FURTHER PROCEEDINGS
REG. DATE    :   26-05-2011	LISTING DATE :  27-07-2011	STATUS   :  ADMIT
HON'BLE JUDGE(S):	V.V.S.RAO	RAMESH RANGANATHAN

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90260988	15/04/1993 *	20,000,000.00	UNIT TRUST OF INDIA	NEW MARINE LINES, MUMBAI, MAHARASHTRA, INDIA	-
2	90260976	18/01/1993	1,400,000.00	THE VYSYA BANK LIMITED	CHKDAPALLY DEDERBAD, HYDERABAD, ANDHRA PRADESH, IN  DIA	-
3	90260831	11/06/1990	600,000.00	UNIT TRUST OF INDIA	13; SHRI VITHALDAS THAKREY MARG, NEW MARINE LINES  , MUMBAI, MAHARASHTRA, INDIA	-
4	90263216	24/08/1973	60,000.00	UTTAR PRADESH FINANCIAL CORP.	CIVIL LINES, KANPUR, UTTAR PRADESH, INDIA	-
5	90260447	11/08/1971	375,000.00	UTTAR PRADESH FINANCIAL CORPORATION	7/154 SWARUP NAGAR, KANPUR, UTTAR PRADESH, INDIA	-

* Date of charge modification

UNSECURED LOANS

PRATICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Other Loans and Advance	534.858	74.713
SHORT TERM BORROWINGS
Loans Repayable on Demand	0.000	87.016
Loans and Advance from Related Parties	0.000	45.220
Total	534.858	206.949

CHANGE OF ADDRESS:

BUSINESS REVIEW and PERFORMANCE :

Sales (Net of Excise Duty collected) and Other Income for the Financial Year ended 31st March, 2014 was Rs. 0.072 Million as against Rs. 0.048 Million for the Financial Year ended 31st March, 2013.

The Operational Profit for the Financial Year 2013-14 was Rs.0.033 Million as against Rs. 0.013 Million for the Financial Year ended 31st March, 2013 and the Net Profit after tax and after prior period adjustments was Rs.0.024 Million as against Rs.0.010 Million for the previous year.

LITIGATION DETAILS :

SI. No	Particulars	As at 31-03-2014 Rs.	As at 31-03-2013 Rs.
i.	Contracts to be executed on capital account	75879579	161816266
ii.	Guarantees given by Banks	40540271	31283850
iii.	Demands from the Sales Tax Department on which company is in Appeal	3892819	2997024
iv.	Claims against the Company not acknowledged as debts	5641563	5641563
v.	Demands raised by Customs authorities for non-fulfilment of export obligation, contested by the Company before Honourable High Court of Andhra Pradesh	3478951	3478951

iii.

iv.

v.

FIXED ASSETS:

• Land
• Building
• Plant and Machinery
• Water Works
• Electrical Installations and Air Conditioner
• Date Processing Machines
• Office Equipment
• Furniture and Fixture and Canteen Assets
• Vehicles
• Trade Marks

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. 62.59
UK Pound	1	Rs. 92.46
Euro	1	Rs. 67.51

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		62

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.