MIRA INFORM REPORT

Report No. :	306557
Report Date :	05.02.2015

IDENTIFICATION DETAILS

Name :	STEREOKEM PRIVATE LIMITED (w.e.f.16.11.2014)
Formerly Known As :	DIS SYMMETRIX PRIVATE LIMITED
Registered Office :	Plot No.36A, IDA, Uppal, Hyderabad – 500 039, Telangana
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.07.2009
Com. Reg. No.:	36-064427
Capital Investment / Paid-up Capital :	Rs. 12.250 Millions
CIN No.: [Company Identification No.]	U24232TG2009PTC064427
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers, traders, buyers, sellers, importers, exporters of pharmaceuticals formulation.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 49000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating takes into consideration company moderate financial risk profile and low reserves level of the company. However, trade relations are reported as fair. Business is active. Payments terms 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.

LOCATIONS

Registered Office :	Plot No.36A, IDA, Uppal, Hyderabad – 500 039, Telangana, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	mvdrgudipati@gmail.com

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Venkateshwar Kumar Thaduri

Designation :

Director

Address :

5-9-669, 2nd Floor, Backside Lepakshi, Abids, Hyderabad – 500 001, Telangana, India

Date of Birth/Age :

15.07.1971

Date of Appointment :

18.07.2009

DIN No.:

02381317

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	U24110TG2005PTC048439	WOHLER LABORATORIES PRIVATE LIMITED	Director	14-12-2005	14-12-2005	30-03-2010	Active	NO
2	U74900TG2008PTC061233	JYOSTNA LABORATORIES PRIVATE LIMITED	Managing director	11-05-2009	27-12-2008	-	Active	NO
3	U24232TG2009PTC064427	STEREOKEM PRIVATE LIMITED	Director	18-07-2009	18-07-2009	-	Active	NO
4	U24100TG2012PTC079103	STEREOKEM PHARMACEUTICALS PRIVATE LIMITED	Director	11-02-2012	11-02-2012	-	Active	NO
5	U24233TG2013PTC087843	STEREOKEM INDIA PRIVATE LIMITED	Director	23-05-2013	23-05-2013	-	Active	NO

Name :

Mr. Thaduri Srivani

Designation :

Director

Address :

11-6-547, Nampally, Hyderabad – 500 001, Telangana, India

Date of Birth/Age :

18.07.1973

Date of Appointment :

16.02.2013

DIN No.:

02658723

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	U74900TG2008PTC061233	JYOSTNA LABORATORIES PRIVATE LIMITED	Director	28-05-2009	28-05-2009	-	Active	NO
2	U24100TG2012PTC079103	STEREOKEM PHARMACEUTICALS PRIVATE LIMITED	Director	10-08-2013	26-12-2012	-	Active	NO
3	U24232TG2009PTC064427	STEREOKEM PRIVATE LIMITED	Director	16-02-2013	16-02-2013	-	Active	NO
4	U24233TG2013PTC087843	STEREOKEM INDIA PRIVATE LIMITED	Director	23-05-2013	23-05-2013	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares	%age holding
J Satyanarayana	354000	28.90
T. Venkateshwar Kumar	656000	53.55
T Srivani	195000	15.92
B Venugopala Rao	5000	0.41
R N Murthy	5000	0.41
V Ravisankar	5000	0.41
K Venkateshwar Rao	5000	0.41
TOTAL	1225000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :	Manufacturers, traders, buyers, sellers, importers, exporters of pharmaceuticals formulation.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

Customers :

Reference :	Not Available
Name of the Person :	Not Available
Contact No.:	Not Available
Since How Long Known :	Not Available
Maximum Limit Dealt :	Not Available
Experience :	Not Available
Remark:	Not Available

No. of Employees :

Not Available

Bankers :

Bank Name	Bank of Baroda
Branch	6-1-84, Khusrujung House, Secretariat Road, Saifabad, Hyderabad - 500004, Andhra Pradesh, 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 Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Term loan from bank	0.000	0.102
Short-term borrowings
Loan repayable on demand
- From Bank - Bank of Baroda	0.000	2.317
Term loan payable within 12 month	0.102	0.254
TOTAL	0.102	2.673

Auditors :
Name :	B.V. Swami and company Chartered Accountants
Address :	Flat No. 101, Sri Devi Apartments, Hindi Nagar Colony, Punjagutta, Hyderabad – 500 034, India
Tel. No.:	91-40-23350300
E-Mail :	bvswamiandco@gmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAEFB9828R
Memberships :	Not Available
Collaborators :	Not Available
Enterprises in which Key Management Personnel (KMP) has Significant influence :	Stereokem Pharmaceuticals Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

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
1225000	Equity Shares	Rs.10/- each	Rs.12.250 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	12.250	12.250	12.250
(b) Reserves & Surplus	4.698	3.908	3.319
(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)	16.948	16.158	15.569
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	1.235	2.458
(b) Deferred tax liabilities (Net)	0.000	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)	0.000	1.235	2.458
(4) Current Liabilities
(a) Short term borrowings	0.521	2.571	9.858
(b) Trade payables	10.103	11.383	9.753
(c) Other current liabilities	3.871	1.685	0.965
(d) Short-term provisions	0.429	0.330	0.314
Total Current Liabilities (4)	14.924	15.969	20.890
TOTAL	31.872	33.362	38.917
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	7.395	7.174	6.399
(ii) Intangible Assets	2.040	2.040	2.040
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.020	0.042	0.010
(d) Long-term Loan and Advances	5.495	3.107
(e) Other Non-current assets	0.047	0.095	0.142
Total Non-Current Assets	14.997	12.458	8.591
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3.963	6.987	7.355
(c) Trade receivables	6.851	5.428	15.725
(d) Cash and cash equivalents	0.434	0.094	-0.217
(e) Short-term loans and advances	5.627	8.395	7.463
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	16.875	20.904	30.326
TOTAL	31.872	33.362	38.917

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
SALES
Income			49.418
Other Income			(0.309)
TOTAL	66.003	40.433	49.727
EXPENSES
Cost of Materials Consumed			30.655
Purchases of Stock-in-Trade			0.000
Changes in inventories of finished goods, work-in-progress and Stock-in-Trade			4.980
Employees benefits expense			7.623
Other expenses			3.928
TOTAL	62.922	37.617	47.186
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	3.081	2.816	2.541
FINANCIAL EXPENSES	0.592	0.775	0.590
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	2.489	2.041	1.951
DEPRECIATION/ AMORTISATION	1.247	1.153	1.100
PROFIT/ (LOSS) BEFORE TAX	1.242	0.888	0.851
TAX	0.448	0.299	0.273
PROFIT/ (LOSS) AFTER TAX	0.794	0.589	0.578
EARNINGS IN FOREIGN CURRENCY
Export Sales	36.002	34.040	30.161
TOTAL EARNINGS	36.002	34.040	30.161
IMPORTS
Import of Raw Materials	7.003	5.415	1.498
TOTAL IMPORTS	7.003	5.415	1.498
Earnings / (Loss) Per Share (Rs.)	0.65	0.48	0.47

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	NA	NA	1.17
Operating Profit Margin (PBIDT/Sales)	(%)	NA	NA	5.14
Return on Total Assets (PBT/Total Assets}	(%)	3.90	2.67	2.19
Return on Investment (ROI) (PBT/Networth)		0.07	0.05	0.05
Debt Equity Ratio (Total Debt /Networth)		0.03	0.24	0.79
Current Ratio (Current Asset/Current Liability)		1.13	1.31	1.45

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	12.250	12.250	12.250
Reserves & Surplus	3.319	3.908	4.698
Net worth	15.569	16.158	16.948
long-term borrowings	2.458	1.235	0.000
Short term borrowings	9.858	2.571	0.521
Total borrowings	12.316	3.806	0.521
Debt/Equity ratio	0.791	0.236	0.031

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)
Total Income	49.727	40.433	66.003
		(18.690)	63.240

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	49.727	40.433	66.003
Profit	0.578	0.589	0.794
	1.16%	1.46%	1.20%

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	--
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	No

NOTE

Registered office of the company has been shifted from 5-9-669, 2^nd Floor, Beside Lepakshi, Abids, Hyderabad – 500001, Telangana, India to the present address w.e.f. 31.08.2009

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
From others parties	0.000	1.133
Short-term borrowings
From others parties	0.419	0.000
Total	0.419	1.133

FIXED ASSETS

Tangible Assets

• Lease hold property
• Lab Equipment’s
• Computer
• Furniture and Fixtures
• Office Equipment’s
• Vehicle (Car)

Intangible Assets

• Capital Work-In-Progress (Development expenses)

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.61.68
UK Pound	1	Rs.93.53
Euro	1	Rs.70.75

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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		29

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.