MIRA INFORM REPORT

Report No. :	309286
Report Date :	24.02.2015

IDENTIFICATION DETAILS

Name :	PRASAD SEEDS PRIVATE LIMITED
Registered Office :	D. No. B-92, Ground Floor, Srinivasa Nagar Colony, Guntur - 522007, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	24.10.1994
Com. Reg. No.:	01-018609
Capital Investment / Paid-up Capital :	Rs.147.500 Millions
CIN No.: [Company Identification No.]	U01122AP1994PTC018609
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	HYDP01882G
PAN No.: [Permanent Account No.]	AABCP3199F
Legal Form :	Private Limited Liability Company
Line of Business :	The Company is mainly engaged in the business of providing infrastructure facilities for cob drying, harvesting, seed conditioning and packing to various entities engaged in the business of research, production and sale of sowing seeds of field crops and also generating the power through wind power plant.
No. of Employees :	Not Available

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 2170000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. External borrowings of the company seems to be increasing as compared to previous years, which act as threatening to the liquidity position of the company. However, trade relations are reported as fair. Business is active. Payment terms are 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

Rating Agency Name	CRISIL
Rating	Long Term Rating = B
Rating Explanation	Moderate risk of default.
Date	03.02.2015

Rating Agency Name	CRISIL
Rating	Short Term Rating = A4+
Rating Explanation	Have minimal degree of safety and carry very high credit risk.
Date	03.02.2015

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 :	D. No. B-92, Ground Floor, Srinivasa Nagar Colony, Guntur - 522007, Andhra Pradesh, India
Tel. No.:	91-863-2235971
Fax No.:	91-863-2240796
E-Mail :	dsc_director@rediffmail.com prasadseeds@hotmail.com psplgnt@gmail.com
Website :	http://www.prasadseeds.com
Corporate Office :	Survey No. 854, Industrial Area, Medchal Village, R. R. District – 501401, Andhra Pradesh, India
Tel. No.:	91-8418-223127
Fax No.:	91-8418-223225
E-Mail :	info@prasadseeds.com
Branch Office 1 :	Nadipalli, Pedavegi (Mandal), West Godavari – 534475. Andhra Pradesh, India.
Tel. No.:	91-8812-225412
Branch Office 2 :	Plot Nos. 3, 4 and 5, Block No.41, I.D.A., Auto Nagar, Guntur – 522001, Andhra Pradesh, India
Tel. No.:	91-863-2235971 / 2237953
Fax No.:	91-863-2240796
Branch Office 3 :	Survey No. 81, Kodakandla (Village), Gajwel (Mandal), Medak – 502312, Andhra Pradesh, India
Tel. No.:	91-8454-210999

DIRECTORS

As on 22.09.2014

Name :

Mr. Karumanchi Prasad

Designation :

Managing Director

Address :

B-92, SVN Colony, Guntur - 522007, Andhra Pradesh, India

Date of Birth/Age :

01.07.1955

Date of Appointment :

24.10.1994

PAN No.:

ADVPK3607R

DIN No.:

00057701

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	U01122AP1994PTC018609	PRASAD SEEDS PRIVATE LIMITED	Managing director	24/10/1994	24/10/1994	-	Active	NO
2	U24110AP1987PTC007972	DELTA AGRO CHEMICALS PRIVATE LIMITED	Managing director	06/06/2003	06/06/2003	-	Active	NO
3	U24110AP1992PTC014632	DELTA AGRI FINANCES PRIVATE LIMITED	Director	16/09/2004	16/09/2004	-	Dormant	NO
4	U01122AP2004PTC044192	DELTA AGRIGENETICS PRIVATE LIMITED	Director	16/09/2004	16/09/2004	-	Active	NO
5	U17200TG2007PTC054222	KAKUMANU TEXTILES PRIVATE LIMITED	Director	30/05/2007	30/05/2007	-	Under Process of Striking off	NO
6	U74900TG2007PTC054716	KK COLD STORAGE PRIVATE LIMITED	Director	05/07/2007	05/07/2007	01/11/2010	Active	NO
7	U45200TG2007PTC054732	KHR INFRASTRUCTURES PRIVATE LIMITED	Director	07/07/2007	07/07/2007	01/11/2010	Active	NO
8	U74900TG2007PTC054733	KPR COLD STORAGE PRIVATE LIMITED	Director	09/07/2007	09/07/2007	-	Under Process of Striking off	NO
9	U45200TG2007PTC054892	PRASAD PROJECTS PRIVATE LIMITED	Director	25/07/2007	25/07/2007	-	Active	NO

Name :

Mr. Hemanth Karumanchi

Designation :

Additional Director

Address :

B-92, SVN Colony, Guntur - 522007, Andhra Pradesh, India

Date of Appointment :

08.09.2012

PAN No.:

ABQPH9399L

DIN No.:

00060449

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	U24110AP1987PTC007972	DELTA AGRO CHEMICALS PRIVATE LIMITED	Director	06/06/2003	06/06/2003	-	Active	NO
2	U45200TG2007PTC054732	KHR INFRASTRUCTURES PRIVATE LIMITED	Director	26/09/2011	27/08/2010	-	Active	NO
3	U74900TG2007PTC054716	KK COLD STORAGE PRIVATE LIMITED	Director	05/09/2011	22/10/2010	-	Active	NO
4	U01122AP1994PTC018609	PRASAD SEEDS PRIVATE LIMITED	Director	08/09/2012	06/10/2011	-	Active	NO
5	U01122AP2004PTC044192	DELTA AGRIGENETICS PRIVATE LIMITED	Additional director	28/04/2014	28/04/2014	-	Active	NO

Name :

Mr. Malleswara Rao Kongara

Designation :

Director

Address :

B-92, SVN Colony, Guntur - 522007, Andhra Pradesh, India

Date of Birth/Age :

02.07.1962

Date of Appointment :

24.10.1994

PAN No.:

ADVPK3619D

DIN No.:

00057745

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	U01122AP1994PTC018609	PRASAD SEEDS PRIVATE LIMITED	Director	24/10/1994	24/10/1994	-	Active	NO
2	U24110AP1987PTC007972	DELTA AGRO CHEMICALS PRIVATE LIMITED	Director	06/06/2003	06/06/2003	-	Active	NO
3	U05004AP2005PTC048017	NEELI AQUA PRIVATE LIMITED	Director	10/11/2005	10/11/2005	27/07/2012	Active	NO
4	U17200TG2007PTC054222	KAKUMANU TEXTILES PRIVATE LIMITED	Director	30/05/2007	30/05/2007	-	Under Process of Striking off	NO
5	U74900TG2007PTC054716	KK COLD STORAGE PRIVATE LIMITED	Director	05/07/2007	05/07/2007	01/11/2010	Active	NO
6	U45200TG2007PTC054732	KHR INFRASTRUCTURES PRIVATE LIMITED	Director	07/07/2007	07/07/2007	01/11/2010	Active	NO
7	U74900TG2007PTC054733	KPR COLD STORAGE PRIVATE LIMITED	Director	09/07/2007	09/07/2007	-	Under Process of Striking off	NO
8	U01110AP2013PTC086832	KMR SEEDS PRIVATE LIMITED	Director	07/04/2013	07/04/2013	-	Active	NO
9	U01119AP2013PTC086968	KMR AGRI TECHNOLOGIES PRIVATE LIMITED	Director	12/04/2013	12/04/2013	-	Active	NO

Name :

Mrs. Rama Devi Karumanchi

Designation :

Director

Address :

B-92, SVN Colony, Guntur - 522007, Andhra Pradesh, India

Date of Birth/Age :

21.04.1960

Date of Appointment :

09.03.2011

PAN No.:

ADVPK3523C

DIN No.:

00300186

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	U01122AP1994PTC018609	PRASAD SEED PRIVATE LIMITED	Director	24/10/1994	24/10/1994	-	Active	NO
2	U45200TG2007PTC054892	PRASAD PROJECTS PRIVATE LIMITED	Director	30/09/2011	09/03/2011	-	Active	NO

Name :

Ms. Karthika Karumanchi

Designation :

Additional director

Address :

B-92, SVN Colony, Guntur - 522007, Andhra Pradesh, India

Date of Birth/Age :

24.04.1985

Date of Appointment :

27.09.2010

DIN No.:

02798564

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	U01122AP1994PTC018609	PRASAD SEEDS PRIVATE LIMITED	Director	27/09/2010	28/10/2009	-	Active	NO
2	U74900TG2007PTC054716	KK COLD STORAGE PRIVATE LIMITED	Additional director	27/08/2010	27/08/2010	-	Active	NO
3	U45200TG2007PTC054732	KHR INFRASTRUCTURES PRIVATE LIMITED	Director	26/09/2011	22/10/2010	-	Active	NO

Name :

Mr. Ramesh Babu Palutla

Designation :

Director

Address :

H. No. 3-13-300/17, Baba Ngar Society, Mallapur, Hyderabad - 500076, Andhra Pradesh, India

Date of Appointment :

24.05.2014

DIN No.:

06441818

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	U18100AP1983PTC004085	AMARAVATHI TEXTILES PRIVATE LIMITED	Director	15/09/2014	20/03/2014	-	Active	NO
2	U01122AP1994PTC018609	PRASAD SEEDS PRIVATE LIMITED	Director	22/09/2014	24/05/2014	-	Active	NO
3	AAB-2968	MONETIUM FINANCIAL ADVISORY SERVICES LLP	Designated Partner	02/01/2013	02/01/2013	-	Active	NO

MAJOR SHAREHOLDERS

As on 22.09.2014

Names of Shareholders	No. of Shares	% of Holding
Karumanchi Prasad		709516
Kongara Malleswar Rao		156100
Karumanchi Kotaiah		500
Karumanchi Rama Devi		69684
Satish Gavini		18
Kanchana Latha Kongara		33759
Sestha Roa Doppalapudi		150
Karimanchi Hemanth		3700
Karimanchi Bhanu Kishore		40000
Sandya Aqua Exports Private Limited, India		50000
Pinnaka Doondeshwar Rao		20000
Kandru Hari Babu		10000
V Narendra		10000
R Nageswar Rao		10000
Kolasani Ravi		5000
K Venkata Subba Rao		50000
Pagidipati Devaiah		125000
Naveen V		55798
Kantamneni Vijaya		26759
K Sukanya		26516
Prasad Seed Farm Industries		72500
Total		1475000

Equity Share Break up (Percentage of Total Equity)

As on 22.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	The Company is mainly engaged in the business of providing infrastructure facilities for cob drying, harvesting, seed conditioning and packing to various entities engaged in the business of research, production and sale of sowing seeds of field crops and also generating the power through wind power plant.
Products :	--
Brand Names :	--
Agencies Held :	--
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Available
Purchasing :	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
Experience :	Not Available
Maximum Limit Dealt :	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
Experience :	Not Available
Maximum Limit Dealt :	Not Available
Remark :	Not Available

No. of Employees :

Not Available

Bankers :

• Punjab National Bank, KPHB Colony, Kukatpally, Hyderabad - 500072, Telangana, India
• Axis Bank Limited, Corporate Banking Branch, 6-3-879/B, Greenlands Road, Begumpet, Hyderabad - 500016, Telangana, India
• Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India
• ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
• State Bank Of India, Industrial Finance Branch, Rajbhavan Road, Somajiguda, Hyderabad - 500082, Andhra Pradesh, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
LONG TERM BORROWINGS
Rupee term loans from banks	997.224	459.644
Foreign currency term loans from banks	47.023	66.000
SHORT TERM BORROWINGS
Working capital loans from banks	116.092	0.000
Total	1160.339	525.644

Auditors :
Name :	Mastanaiah and Company Chartered Accountants
Address :	11/1, Arundelpet, Guntur - 522002, Andhra Pradesh, India
PAN No.:	AADFM5561H
Memberships :	--
Collaborators :	--
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Delta Agrigenetics Private Limited CIN No.: U01122AP2004PTC044192 KMR Seeds Private Limited CIN No.: U01110AP2013PTC086832 K H R Infrastructures Private Limited CIN No.: U45200TG2007PTC054732 Delta Agro Chemicals Private Limited CIN No.: U24110AP1987PTC007972 KK Cold Storage Private Limited CIN No.: U74900TG2007PTC054716 Coastal Seed Tech Prasad Seed Farm Industries Delta Constructions Kakumanu Seeds

CAPITAL STRUCTURE

As on 22.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.100/-each	Rs.150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1475000	Equity Shares	Rs.100/-each	Rs.147.500 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	147.500	147.500	147.500
(b) Reserves & Surplus	612.593	463.607	367.814
(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)	760.093	611.107	515.314
(3) Non-Current Liabilities
(a) long-term borrowings	1,045.438	525.896	583.185
(b) Deferred tax liabilities (Net)	46.650	54.417	59.651
(c) Other long term liabilities	8.240	1.958	2.118
(d) long-term provisions	0.266	0.955	0.954
Total Non-current Liabilities (3)	1,100.594	583.226	645.908
(4) Current Liabilities
(a) Short term borrowings	119.103	0.000	68.787
(b) Trade payables	143.097	94.707	84.619
(c) Other current liabilities	500.785	407.666	324.666
(d) Short-term provisions	13.010	16.525	21.459
Total Current Liabilities (4)	775.995	518.898	499.531
TOTAL	2,636.682	1,713.231	1,660.753
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1,930.223	922.460	947.501
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	14.577	187.193	44.202
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	12.593	12.520	11.957
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	53.609	127.287	90.175
(e) Other Non-current assets	39.553	54.788	81.748
Total Non-Current Assets	2,050.555	1,304.248	1,175.583
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	11.862	6.108	10.734
(c) Trade receivables	346.812	281.938	381.267
(d) Cash and cash equivalents	27.400	32.654	41.476
(e) Short-term loans and advances	164.442	45.483	48.782
(f) Other current assets	83.611	42.800	2.911
Total Current Assets	634.127	408.983	485.170
TOTAL	2,684.682	1,713.231	1,660.753

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income
		Other Income
		TOTAL (A)	1,190.333	925.433	908.113
Less	EXPENSES
		Direct Cost	648.045	502.523	471.278
		Employee Cost	67.645	43.551	46.766
		TOTAL (B)	715.690	546.074	518.044
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		474.643	379.359	390.069
Less	FINANCIAL EXPENSES (D)		108.985	119.301	121.201
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		365.658	260.058	268.868
Less	DEPRECIATION/ AMORTISATION (F)		131.256	117.653	120.529
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		234.402	142.405	148.339
Less	TAX (H)		85.412	46.611	45.690
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		148.990	95.794	102.649
	Earnings / (Loss) Per Share (Rs.)		101.01	NA	69.59

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	8.82	9.41	9.24
Return on Investment (ROI) (PBT/Networth)		0.31	0.23	0.29
Debt Equity Ratio (Total Debt /Networth)		1.53	0.86	1.27
Current Ratio (Current Asset/Current Liability)		0.82	0.79	0.97

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	147.500	147.500	147.500
Reserves & Surplus	367.814	463.607	612.593
Share Application money pending allotment	0.000	0.000	0.000
Net worth	515.314	611.107	760.093
Long Term borrowings	583.185	525.896	1045.438
Short Term borrowings	68.787	0.000	119.103
Total borrowings	651.972	525.896	1164.541
Debt/Equity ratio	1.265	0.861	1.532

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	908.113	925.433	1,190.333
		1.907	28.624

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	908.113	925.433	1,190.333
Profit	102.649	95.794	148.990
	11.30%	10.35%	12.52%

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

UNSECURED LOANS:

Particulars	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
LONG TERM BORROWINGS
Loans and advances from related parties	1.191	0.252
SHORT TERM BORROWINGS
Intercorporate borrowings	3.011	0.000
Total	4.202	0.252

NATURE OF OPERATIONS

The Company is mainly engaged in the business of providing infrastructure facilities for cob drying, harvesting, seed conditioning and packing to various entities engaged in the business of research, production and sale of sowing seeds of field crops. The company is also generating the power through wind power plant.

FINANCIALS FOR THE YEAR

GROSS REVENUE

The Company achieved gross revenues of Rs.1190.333 Millions for the year ended 31st March, 2014 as against Rs.925.433 Millions for the previous financial year registering an incremental turnover of Rs.264.900 Millions and a growth rate of 28.62 % over the previous year

PROFIT BEFORE TAX AND AFTER TAX

The Profit before Taxes (PBT) at Rs.234.402 Millions is 19.69% of the Gross Revenue for the year as against 15.38% for the previous financial year. The Profit after Taxes (PAT) at Rs.148.990 Millions is 12.52% of the Gross Revenue for the year as against 10.35 % for the previous financial year.

FUTURE OUTLOOK

Accounting for approximately 30% of the national GDP, agriculture is the backbone of Indian economy. It is the source of livelihood for over 70% of its population. Having the largest arable area (170 million ha), India ranks second only to USA in sheer size of agriculture. By virtue of its large arable land area, sizeable irrigated area, rich agri-biodiversity, diverse agro climate and well developed research system, the country has all the potential to emerge as a global power in agriculture. The impressive growth registered in agricultural production in general and food grains in particular during the last 30 years has made the country self-sufficient in cereal grain with a sizeable surplus which can be exported.

The Indian agriculture sector is now moving towards another green revolution. The transformations in the sector are being induced by factors like newfound interest of the organised sector, new and improved technologies, farming becoming more mechanised, new markets and demands, easy credit facilities, rapid growth of contract farming, agriculture friendly policies from the government, etc. Agriculture is now evolving from just a traditional way of life to a professionally managed industry the agriculture industry.

The company is always prided itself in constructing the state of art of the manufacturing facilities which are equipped with the latest technology geared towards producing the quality hybrid seeds for the farmers. The company has registered an impressive growth in income from both the processing and drying operations and is expected to maintain the same in years to come.

Better technologies, that provide better value while mitigating external risks, have been generally well received both by the government and the farmer. The Company remains focused on its key objectives of profitable and sustainable growth, maximizing operational efficiencies and striving to attain the highest standards of quality, safety and productivity.

The overall outlook for the growth of the seeds business continues to be positive and the management remains optimistic with regards to continued growth. The company is an undisputed leader in providing infrastructure facilities to various reputed seed companies and also having largest seed drying and processing facilities in India. Presently the company also evaluating various proposals to set up further facilities to increase its market share.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10510671	14/06/2014	100,000,000.00	Axis Bank Limited	Corporate Banking Branch, 6-3-879/B,, Greenlands Road, Begumpet, Hyderabad, Andhra Pradesh - 500016, India	C12673406
2	10480862	17/02/2014	188,000,000.00	Axis Bank Limited	Corporate Banking Branch, 6-3-879/B,, Greenlands Road, Begumpet, Hyderabad, Andhra Pradesh - 500016, India	B97719223
3	10467823	03/12/2013	63,800,000.00	Punjab National Bank	Kphb Colony, Kukkatpally, Hyderabad, Andhra Pradesh - 500072, India	B92608488
4	10425146	20/06/2013 *	150,000,000.00	Axis Bank Limited	Corporate Banking Branch, 6-3-879/B,, Greenlands Road, Begumpet, Hyderabad, Andhra Pradesh - 500016  , India	B79011169
5	10377448	31/08/2012	61,300,000.00	Kotak Mahindra Bank Limited	36-38a, Nariman Bhavan, 227,D,, Nariman Point,, Mumbai, Maharashtra - 400021, India	B58456476
6	10358279	08/08/2013 *	718,800,000.00	ICICI Bank Limited	Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India	B84824721
7	10341781	09/03/2012	70,000,000.00	State Bank Of India	Industrial Finance Branch, Rajbhavan Road, Somajiguda, Hyderabad, Andhra Pradesh - 500082, India	B34859124
8	10372676	03/12/2013 *	135,000,000.00	Punjab National Bank	Kphb Colony, Kukkatpally, Hyderabad, Andhra Pradesh - 500072, India	B92610187
9	10211505	25/09/2010 *	62,500,000.00	Axis Bank	6-3-879/B, Greenlands Road, Begumpet, Hyderabad, Andhra Pradesh - 500016, India	A95882064
10	10153098	28/02/2009	173,500,000.00	State Bank Of India	Industrial Estate Branch, Amaravathi Road, Guntur, Andhra Pradesh - 522002, India	A60592342
11	90117536	09/02/2000	1,175,000.00	State Bank Of India	Industrial Estate Branch, Guntur, Andhra Pradesh, India	-
12	90115919	10/01/2000	6,500,000.00	State Bank Of India	Industrial Estate Br., Amaravathi Road, Guntur, Andhra Pradesh, India	-
13	90115293	24/12/2007 *	208,500,000.00	State Bank Of India	Industrial Estate Branch, Amaravathi Road, Guntur, Andhra Pradesh - 22002, India	A30363675

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.62.26
UK Pound	1	Rs.96.01
Euro	1	Rs.70.72

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	2
--RESERVES	1~10	4
--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.