MIRA INFORM REPORT

Report No. :	317108
Report Date :	13.04.2015

IDENTIFICATION DETAILS

Name :	AKTINOS HEALTHCARE PRIVATE LIMITED
Registered Office :	Plot No.80-D, Road No.20, Jawaharlal Nehru Pharma City (JNPC), Parawada, Visakhapatnam – 531 021, Andhra Pradesh
Tel. No.:	91-8924-236155
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.09.2010
Com. Reg. No.:	01-070469
Capital Investment / Paid-up Capital :	Rs.80.000 million
CIN No.: [Company Identification No.]	U85100AP2010PTC070469
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAJCA2757L
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of manufacturing of active pharma ingredients and intermediates.
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 230000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a company with limited operational history incorporated in the year September 2010. It is having moderate track record. The company has reported low profitability during the financial year 2013-14 which is the first year of its profitable operation. Further, liquidity seems to be low probably due to management’s inability to realize its inventories or receivables into cash in the requisite time. However, trade relations are fair. Business is active. Payment term are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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

NOT AVAILABLE

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 DECLINED

Management non-cooperative

(Tel. No.: 91-8458-279811)

LOCATIONS

Registered Office/ Factory :	Plot No.80-D, Road No.20, Jawaharlal Nehru Pharma City (JNPC), Parawada, Visakhapatnam – 531 021, Andhra Pradesh, India
Tel. No. :	91-8924-236155/ 56/ 57
Fax No. :	Not Available
E-Mail :	aktinoshealthcare@gmail.com
Website :	www.aktinos.in
Admin Office :	Plot No.154/A/6, S.V. Co-Operative Industrial Estate, IDA, Bollaram Village, Jinnaram Mandal, Medak District – 502 325, Talangana, India
Tel. No. :	91-8458-279811/ 12

DIRECTORS

AS ON 29.09.2014

Name :

Mr. Madala Murali Krishna

Designation :

Managing Director

Address :

6-7, Plot No.6, Gayatri Gardens, Balaji Hills, Quthbullapur, Nizampet, Ranga Reddy District – 500 090, Telangana, India

Date of Birth/Age :

03.01.1965

Date of Appointment :

01.10.2012

DIN No. :

00928526

PAN No.:

ADTPK0515G

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	U24239TG2005PLC047307	VIJAYASRI ORGANICS LIMITED	Director	31/08/2005	31/08/2005	12/09/2007	Active	NO
2	U24232TG2007PTC055510	AKTINOS PHARMA PRIVATE LIMITED	Managing director	29/09/2008	13/09/2007	-	Active	NO
3	U24239TG2003PTC041653	S.V.R. LABORATORIES PRIVATE LIMITED	Director	01/08/2008	12/06/2008	-	Active	NO
4	U85100AP2010PTC070469	AKTINOS HEALTHCARE PRIVATE LIMITED	Managing director	01/10/2012	16/09/2010	-	Active	NO
5	U24230GJ2011PTC064483	OMGENE LIFE SCIENCES PRIVATE LIMITED	Director	06/01/2014	06/01/2014	-	Active	NO
6	AAD-3419	4C DRUG SAFETY SERVICES LLP	Designated Partner	11/02/2015	11/02/2015	-	Active	NO

Name :

Mr. Venugopal Ghanta

Designation :

Whole-time Director

Address :

8/333A-302, Santhinagar, Gudivada, Krishna – 521 301, Andhra Pradesh, India

Date of Birth/Age :

14.07.1965

Date of Appointment :

01.10.2012

DIN No. :

02713882

PAN No.:

ACYPG3980D

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	U45200TG2009PTC064605	SAI RAGHAVENDRA REALTORS PRIVATE LIMITED	Director	04/08/2009	04/08/2009	26/12/2011	Active	NO
2	U85100AP2010PTC070469	AKTINOS HEALTHCARE PRIVATE LIMITED	Whole-time director	01/10/2012	16/09/2010	-	Active	NO

Name :

Ms. Suneetha Cherukuru

Designation :

Director

Address :

C-39, Income Tax Quarters, Road No.12, Banjara Hills, Hyderabad – 500 034, Telangana, India

Date of Birth/Age :

08.11.1970

Date of Appointment :

28.09.2012

DIN No. :

03613909

PAN No.:

ADVPC9648Q

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	U85100AP2010PTC070469	AKTINOS HEALTHCARE PRIVATE LIMITED	Director	28/09/2012	27/04/2012	-	Active	NO

Name :

Ms. Anitha Bobba

Designation :

Director

Address :

241, Indira Towers, Near American Hospital, Bandar Road, Ramavarappadu, Vijayawada – 520 001, Andhra Pradesh, India

Date of Birth/Age :

03.04.1970

Date of Appointment :

28.09.2012

DIN No. :

05250205

PAN No.:

BIVPB4181K

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	U85100AP2010PTC070469	AKTINOS HEALTHCARE PRIVATE LIMITED	Director	28/09/2012	27/04/2012	-	Active	NO
2	U51390AP1997PTC028181	S.G.HOME APPLIANCES PRIVATE LIMITED	Managing director	21/03/2013	21/03/2013	-	Active	NO
3	U17291TG2013PTC089511	SHREENIKETHAN INTERNATIONAL RETAIL PRIVATE LIMITED	Director	14/08/2013	14/08/2013	10/09/2013	Active	NO
4	U55101AP2014PTC095645	ANDHRA BHAVAN HOTELS & RESTRAUANTS PRIVATE LIMITED	Managing director	17/11/2014	17/11/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2014

Names of Shareholders	No. of Shares	Percentage of holding
Madala Murali Krishna	560000	7.00
Venugopal Ghanta	1000000	12.50
Aktinos Pharma Private Limited, India	3920000	49.00
Suneetha Cherukuru	1000000	12.50
Anitha Bobba	1520000	19.00
Total	8000000	100.00

AS ON 23.02.2015

Names of Allottee	No. of Shares
Aktinos Pharma Private Limited, India	326530
Total	326530

AS ON 29.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	49.00
Directors or relatives of Directors	51.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of manufacturing of active pharma ingredients and intermediates.

Products :

Item Code No. (ITC Code)	Product Description
84799040	Pharmaceuticals, Allopathic, Ayurvedic and or Veterinary

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
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 :	Not Divulged
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 :

Information declined by the Management.

Bankers :

Banker Name	State Bank of Hyderabad
Branch Address	Shapur Nagar Branch, Shapur Nagar, Hyderabad – 500 055, Telangana, 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)	Not Divulged

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
Rupee term loans from banks (Term loans secured by charge on immovable properties and fixed assets and second charge on entire current assets of the company and personal guarantees of directors)	85.831	83.206
SHORT TERM BORROWINGS
Rupee term loans from banks (Term loans secured by charge on entire current assets of the company and second charge on immovable properties and fixed assets and personal guarantees of directors)	27.434	0.000
Total	113.265	83.206

Banking Relations :	--
Auditors :
Name :	Paturi and Associates Chartered Accountants
Address :	G-1, Jayaramakrishna Residency, Jaya Prakash Nagar, Yellareddyguda, Hyderabad – 500 073, Telangana, India
Tel. No. :	91-40-23746430
Mobile No. :	91-9848882181
E-Mail :	anjaneyulu.paturi@gmail.com fcapaturi@gmail.com
PAN No.:	AAQPP2545M
Memberships :	Not Available
Collaborators :	Not Available
Associates :	Aktinos Pharma Private Limited, India (CIN No.: U24232TG2007PTC055510)

CAPITAL STRUCTURE

AFTER 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8326530	Equity Shares	Rs.10/- each	Rs.83.265 million

AS ON 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
8000000	Equity Shares	Rs.10/- each	Rs.80.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8000000	Equity Shares	Rs.10/- each	Rs.80.000 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	80.000	40.000	1.000
(b) Reserves & Surplus	0.347	34.610	0.000
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	47.605
Total Shareholders’ Funds (1) + (2)	80.347	74.610	48.605
(3) Non-Current Liabilities
(a) Long-term borrowings	87.821	83.206	0.000
(b) Deferred tax liabilities (Net)	0.249	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) Long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	88.070	83.206	0.000
(4) Current Liabilities
(a) Short term borrowings	27.434	0.000	0.000
(b) Trade payables	85.267	3.392	0.226
(c) Other current liabilities	45.680	3.261	0.016
(d) Short-term provisions	0.948	0.037	0.000
Total Current Liabilities (4)	159.329	6.690	0.242
TOTAL	327.746	164.506	48.847
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	198.550	135.855	39.378
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	5.883
(b) Non-current Investments	3.813	9.660	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.560
(e) Other Non-current assets	0.000	0.000	1.174
Total Non-Current Assets	202.363	145.515	46.995
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	35.719	0.750	0.000
(c) Trade receivables	69.902	2.507	0.000
(d) Cash and cash equivalents	0.026	7.138	1.852
(e) Short-term loans and advances	19.736	8.596	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	125.383	18.991	1.852
TOTAL	327.746	164.506	48.847

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	119.448	2.125	0.000
		Other Income			0.000
		TOTAL	119.448	2.125	0.000
Less	EXPENSES
		TOTAL	117.910	2.125	0.000
	PROFIT/ (LOSS) BEFORE TAX		1.538	0.000	0.000
Less	TAX		0.853	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX		0.685	0.000	0.000
	Earnings / (Loss) Per Share (Rs.)		0.09	0.00	0.00

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	NA	NA	0.00
Return on Total Assets (PBT/Total Assets}	(%)	0.47	0.00	0.00
Return on Investment (ROI) (PBT/Networth)		0.02	0.00	0.00
Debt Equity Ratio (Total Debt/Networth)		1.43	1.12	0.00
Current Ratio (Current Asset/Current Liability)		0.79	2.84	7.65

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(INR in Million)	(INR in Million)	(INR in Million)
Share Capital	1.000	40.000	80.000
Reserves & Surplus	0.000	34.610	0.347
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	47.605	0.000	0.000
Net worth	48.605	74.610	80.347
Long Term borrowings	0.000	83.206	87.821
Short Term borrowings	0.000	0.000	27.434
Total borrowings	0.000	83.206	115.255
Debt/Equity ratio	0.000	1.115	1.434

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(INR in Million)	(INR in Million)	(INR in Million)
Total Income	0.000	2.125	119.448
			5,521.082

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(INR in Million)	(INR in Million)	(INR in Million)
Total Income	0.000	2.125	119.448
Profit	0.000	0.000	0.685
		0.00%	0.57%

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	No
4]	Premises details	Yes
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	-----
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

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG TERM BORROWINGS
Loans and advances from directors	1.990	0.000
Total	1.990	0.000

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10367354	22/07/2013 *	132,500,000.00	STATE BANK OF HYDERABAD	SHAPUR NAGAR BRANCH, SHAPUR NAGAR, HYDERABAD, ANDHRA PRADESH - 500055, INDIA	B84552165

* Date of charge modification

FIXED ASSETS

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

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.62.37
UK Pound	1	Rs.91.60
Euro	1	Rs.66.49

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	SUC
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
-- PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.