MIRA INFORM REPORT

Report No. :	306732
Report Date :	17.02.2015

IDENTIFICATION DETAILS

Name :	NECTAR CROP SCIENCE LIMITED
Registered Office :	A-24/25, Apie, Balanagar, Hyderabad - 500037, Telangana
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	05.12.2013
Com. Reg. No.:	01-091503
Capital Investment / Paid-up Capital :	Rs. 0.500 Millions
CIN No.: [Company Identification No.]	U24100TG2013PLC091503
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Chemicals
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Yet to commence its commercial operations.
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Eventhough, the company was incorporated on 05.12.2013 it is yet to commence its commercial operations. Mr. Jay Venkateshwar Rao (GM Finance) has denied to disclosed any information about the subject to us. However, Business is active as per the status shown in the registrar of companies. Payment are reported to be unknown. The company can be considered for business dealings on safe and secured 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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 DENIED BY

Name :	Mr. Jay Venkateshwar Rao
Designation :	General Manager Finance
Contact No.:	91-40-23772502
Date :	05.02.2015
E-Mail :	jvrao@hyderabadchemicals.com

LOCATIONS

Registered Office / Administrative Office :	A-24/25, APIE, Balanagar, Hyderabad, Telangana – 500037, Andhra Pradesh, India
Tel. No.:	91-40-23772502
Fax No.:	91-40.23772595
E-Mail :	hydchem@hyderabadchemicals.com
Website :	http://www.hyderabadchemicals.com
Unit 1 :	Plot No. 60 and 61, IDA, Pashamylaram, Medak District – 502307, Hyderabad, Andhra Pradesh
Tel. No.:	91-8455224340
Fax No.:	91-8455224342
E-Mail :	hcpl_psm@hyderabadchemicals.com
Unit 2 :	Plot No. 50, 82, 83 and 84, IDA, Humnabad, Bidar District, Karnataka – 585330, India
Tel. No.:	91-8492203193
E-Mail :	hcpl_hmbd@hyderabadchemicals.com
Wind Farm Divisions :	· Kadavakallu · Gudepanchagani · Poomalaikundu
E-Mail :	windpower@hyderbadchemicals.com
Agri Farm Divisions :	· Kallakal · Gomaram · Nadimpally · Bidar

DIRECTORS

As on 31.03.2014

Name :

Mr. Nellore Sukumar

Designation :

Director

Address :

6-3-883/A/10, Padmavathipal , ACE Punjagutta, Hyderabad, Telangana – 500482, Andhra Pradesh, India

Date of Birth/Age :

02.10.1951

Date of Appointment :

31.03.2009

DIN No.:

00462316

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24230TG1954PLC000736	VIBRANT GREENTECH INDIA LIMITED	Managing director	01-04-2014	24-09-1988	-	Active	NO
2	U24239TG1990PLC011356	HYDERABAD CHEMICAL PRODUCTS LIMITED	Director	01-01-2015	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	U24100TG2013PLC091502	HYDERABAD CHEMICAL LIMITED	Director	05-12-2013	05-12-2013	-	Active	NO
6	U24100TG2013PLC091503	NECTAR CROP SCIENCES LIMITED	Director	05-12-2013	05-12-2013	-	Active	NO

Name :

Mr. Dipesh Kantisen Shroff

Designation :

Director

Address :

Sanket 39, Hathesh Society, 6 N. S. Road, Juhu, Vile parle (West), Mumbai – 400056, Maharashtra, India

Date of Birth/Age :

03.02.1960

Date of Appointment :

05.12.2013

DIN No.:

00030792

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65990MH1984PTC033148	DIPKANTI INVESTMENTS AND FINANCING PRIVATE LIMITED	Director	18-04-1986	18-04-1986	-	Active	NO
2	U33152MH1984PTC033152	SHRODIP INVESTMENTS 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 PVT 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 LTD	Managing director	01-09-2013	01-09-2003	-	Active	NO
9	L24200MH1960PLC011807	EXCEL INDUSTRIES LIMITED	Director	03-09-2003	03-09-2003	-	Active	NO
10	U67120MH2003PTC034259	PRITAMI INVESTMENTS PVT LTD	Director	15-09-2003	15-09-2003	-	Active	NO
11	U24230TG1954PLC000736	VIBRANT GREENTECH INDIA LIMITED	Director	21-11-2003	21-11-2003	-	Active	NO
12	U24239TG1990PLC011356	HYDERABAD CHEMICAL PRODUCTS LIMITED	Director	21-11-2003	21-11-2003	-	Active	NO
13	U01110GJ2005PLC047254	KUTCH CROP SERVICES LIMITED	Director	12-12-2005	12-12-2005	-	Active	NO
14	L24210MH1987PLC044362	AIMCO PESTICIDES LIMITED	Director	26-04-2006	26-04-2006	31-07-2007	Active	NO
15	U74120GJ1989PLC012329	TML INDUSTRIES LIMITED	Director	15-11-2007	20-06-2007	-	Active	NO
16	U29259GJ1970PLC001800	SHROFFS ENGINEERING LTD	Director	26-06-2007	26-06-2007	-	Active	NO
17	U01403MH2007PLC176907	EXCEL BIO RESOURCES LIMITED	Director	18-12-2007	18-12-2007	-	Active	NO
18	U01135GJ1996PLC030102	OASIS AGRITECH LIMITED	Director	10-11-2008	07-01-2008	-	Active	NO
19	U91990GJ2008NPL053876	FEDERATION OF KUTCH INDUSTRIES ASSOCIATION	Director	16-01-2009	16-01-2009	26-08-2014	Active	NO
20	U01112TG2009PLC063224	NEO SEEDS INDIA LIMITED	Director	31-03-2009	31-03-2009	-	Active	NO
21	U65993MH2006PLC164038	ECCL INVESTMENTS AND FINANCE LIMITED	Director	05-08-2014	26-09-2013	-	Active	NO
22	U24100TG2013PLC091502	HYDERABAD CHEMICAL LIMITED	Director	05-12-2013	05-12-2013	-	Active	NO
23	U24100TG2013PLC091503	NECTAR CROP SCIENCES LIMITED	Director	05-12-2013	05-12-2013	-	Active	NO

Name :

Mr. Shruti Atul Shroff

Designation :

Director

Address :

House No. 1028, AT and PT, Raipura, Vadodara – 391410, Gujarat, India

Date of Birth/Age :

24.09.1950

Date of Appointment :

05.12.2013

DIN No.:

00019693

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U29259GJ1970PLC001800	SHROFFS ENGINEERING LTD	Director	16-01-1985	16-01-1985	-	Active	NO
2	U65990MH1985PTC035868	MADISON INVESTMENTS PRIVATE LIMITED	Director	06-04-1985	06-04-1985	-	Active	NO
3	U24230TG1954PLC000736	VIBRANT GREENTECH INDIA LIMITED	Director	21-11-2003	21-11-2003	-	Active	NO
4	U24239TG1990PLC011356	HYDERABAD CHEMICAL PRODUCTS 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	U24100TG2013PLC091502	HYDERABAD CHEMICAL LIMITED	Director	05-12-2013	05-12-2013	-	Active	NO
8	U24100TG2013PLC091503	NECTAR CROP SCIENCES LIMITED	Director	05-12-2013	05-12-2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2014

Names of Shareholders	No. of Shares
Hyderabad Chemicals Limited	50000
Total	50000

As on 02.07.2014

Names of Shareholders	No. of Shares
Hyderabad Chemicals Limited	999994
Mr. Nellore Sukumar	1
Mr. Nellore Gayatri	1
Mr. Dipesh Kantisen Shroff	1
Mr. Preeti Dipesh Shroff	1
Mr. Atul Goyindji Shroff	1
Mr. Atul Shruthi Shroff	1
Total	1000000

Equity Share Break up (Percentage of Total Equity)

As on 02.07.2014

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Chemicals
Products :	Not Divulged
Brand Names :	Not Divulged
Agencies Held :	Not Divulged
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	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
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

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

No. of Employees :

Not Divulged

Bankers :

Bank Name	Not Divulged
Branch	Not Divulged
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

Auditors :
Name :	Raju and Prasad Chartered Accountants
Address :	401, “Diamond House”, Adj. Amrutha Hills, Punjagutta, Hyderabad – 500082, Andhra Pradesh, India
Tel. No.:	91-40-23410404/05/06
Fax No.:	91-40-24410403
E-Mail :	rajuandprasad@gmail.com hyderbad@rajuandprasad.com
PAN N Income-tax PAN of auditor or auditor's firm :	AACFR2404H
Memberships :	Not Divulged
Collaborators :	Not Divulged
Holding Company :	· Hyderabad Chemicals Limited (U24230TG1954PLC000736)
Subsidiaries :	· Hyderabad Chemicals Product Limited · Neo Seeds India Limited
Enterprises over which Key Management Personnel and their Relatives have significant influence :	· Vibrant Greentech Limited · Excel Crop Care Limited · Excel Industries Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

As on 02.07.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1050000	Equity Shares	Rs.10/- each	Rs.10.500 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.500
(b) Reserves & Surplus	(0.207)
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	0.293
(3) Non-Current Liabilities
(a) long-term borrowings	0.000
(b) Deferred tax liabilities (Net)	0.000
(c) Other long term liabilities	0.206
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	0.206
(4) Current Liabilities
(a) Short term borrowings	0.000
(b) Trade payables	0.000
(c) Other current liabilities	0.000
(d) Short-term provisions	0.000
Total Current Liabilities (4)	0.000
TOTAL	0.499
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.000
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	0.000
(iv) Intangible assets under development	0.000
(b) Non-current Investments	0.000
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	0.000
(2) Current assets
(a) Current investments	0.000
(b) Inventories	0.000
(c) Trade receivables	0.000
(d) Cash and cash equivalents	0.499
(e) Short-term loans and advances	0.000
(f) Other current assets	0.000
Total Current Assets	0.499
TOTAL	0.499

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014
	SALES
	Income	0.000
	Other Income	0.000
	TOTAL	0.000
Less	TOTAL EXPENSES	0.206
	PROFIT/ (LOSS) BEFORE TAX	(0.206)
Less	TAX	0.000
	PROFIT/ (LOSS) AFTER TAX	(0.206)
	Earnings / (Loss) Per Share (Rs.)	(12.90)

KEY RATIOS

PARTICULARS		31.03.2014
Net Profit Margin (PAT / Sales)	(%)	0.000
Operating Profit Margin (PBIDT/Sales)	(%)	0.000
Return on Total Assets (PBT/Total Assets}	(%)	(41.28)
Return on Investment (ROI) (PBT/Networth)		(0.70)
Debt Equity Ratio (Total Debt /Networth)		0.00
Current Ratio (Current Asset/Current Liability)		2.42

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last one years	Yes
12]	Profitability for last one 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	No
24]	Banking facility details	No
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

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.62.20
UK Pound	1	Rs.96.00
Euro	1	Rs.71.00

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	RAS
Report Prepared by :	RCH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		11

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.