MIRA INFORM REPORT

 

 

Report No. :

306245

Report Date :

03.03.2015

 

IDENTIFICATION DETAILS

 

Name :

VIJAYASRI CHEMICALS

 

 

Registered Office :

Plot No 39, 1st Floor, VijayaSri Enclave, Vikaspuri, Hyderabad- 500038, Telangana

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

30.03.1997

 

 

Capital Investment / Paid-up Capital :

Rs.144.681 Million

 

 

IEC No.:

0903008599

 

 

TIN No.:

36630158154

 

 

PAN No.:

[Permanent Account No.]

AACFV7229A

 

 

Legal Form :

Partnership Concern with an unlimited liability of the partners

 

 

Line of Business :

Manufacturer and supplier of Chemical Compounds.

 

 

No. of Employees :

89 (Approximately) [In office 7, In Factory 82]

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established partnership concern having satisfactory track record.

 

Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct and as per commitment.

 

The concern can considered normal for business dealings at usual trade terms and conditions.

 

NOTES :

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

 

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

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 PARTED BY

 

Name :

Mr. P. Ramdas

Designation :

Finance Manager 

Contact No.:

91-9705157100

Date :

27.02.2015

 

 

LOCATIONS

 

Registered Office :

Plot No 39, 1st Floor, VijayaSri Enclave, Vikaspuri, Hyderabad- 500038, Telangana, India

Tel. No.:

91-40-23811839/23801837

Mobile No.:

91-9705157100 (Mr. P. Ramdas)

Fax No.:

91-40-23812064

E-Mail :

dsnraju@vijayasri.com

saikrishna@vijayasri.com

Area :

3878 Sq. Yds.

Location :

Owned

 

 

Factory :

Plot No.: 42, S.V. Co-operative, Industrial Estate, IDA Jeedimetla, Hyderabad-500055, Telangana, India

 

 

PARTNERS

 

Name :

Karuturi Venkata Rama Rao

Designation :

Partner

Address :

Plot No.:145, Kalyan Nagar, Heyderabad-500038, Telangana, India

Date of Birth/Age :

01.07.1957

Qualification :

Graduate

Experience :

25 Years

 

 

Name :

S.V.J. Raju

Designation :

Partner

Address :

Plot No.33, Vikaspuri Colony, Near AG Colony, Hyderabad-500038, Telangana, India

Date of Birth/Age :

29.08.1961

Qualification :

Graduate

Experience :

25 Years

 

 

Name :

Annapareddy Prakash Reddy

Designation :

Partner

Address :

Plot No.33, Siddhartha Nagar, North Near A G Colony, Hyderabad-500038, Telangana, India

Date of Birth/Age :

15.03.1959

Qualification :

Graduate

Experience :

25 Years

 

 

KEY EXECUTIVES

 

Name :

Mr. P. Ramdas

Designation :

Finance Manager 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and supplier of Chemical Compounds.

 

 

Products :
  • 2-butyl-4-chloro-5-formy Imidazplo (BCFI)
  • 2-(1-triphenyl-I5-(4-bromomethyl)(1,1-biphenyl)4-yl) 1h-tetrazole-TTBB
  • 4-(Bromomethyl)-2Carbonitrile (OTBB)
  • 2-Butyl-4-chloro [(2-(1H-tetrazol-5-yl)

(1,1 biphenyl)-4yl 1H- imidazple-5-methanol (LSP)

 

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

 

Products :

Bulk Chemicals

Countries :

China

 

 

Terms :

 

Selling :

Others

 

 

Purchasing :

L/C, Others

 

PRODUCTION STATUS

 

Particulars

Installed Capacity

Actual Production

(January 2015)

2-butyl-4-chloro-5-formy Imidazplo (BCFI)

6 Tons per Month

6525

2-(1-triphenyl-I5-(4-bromomethyl)(1,1-biphenyl)4-yl) 1h-tetrazole-TTBB

3 Tons per Month

Nil

4-(Bromomethyl)-2Carbonitrile (OTBB)

2 Tons per Month

400

2-Butyl-4-chloro [(2-(1H-tetrazol-5-yl) (1,1 biphenyl)-4yl 1H- imidazple-5-methanol (LSP)

6 Tons per Month

7000

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Rchem, Qutbullapur 

Name of the Person :

Mr. Prasad

Contact No.:

91-9448475873

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

Reference :

RR Innovative Private Limited, Ameerpet

Name of the Person :

Mr. Aanadh

Contact No.:

91-9246113380

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

  • Sreekara Organic, Bollaram

Contact No. 91-9490599906 (Mr.Rajayya)

  • Daga Global Chemical Private Limited, Santhnagar

Contact No. 91-9848010237 (Mr. Prem Kumar)

  • The Andhra Sugars Limited, Gopavaram

Contact No. 91-9848172852 (Mr. Balaji)

  • UPL, Bollaram

Contact No. 91-9848039657 (Mr. Subbarao)

 

 

Customers :

OEM’s

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 :

89 (Approximately) [In office 7, In Factory 82]

 

 

Bankers :

 

Banker Name :

State Bank of Hyderabad

Branch Address :

2-133, IDA, Jeedimetla, Hyderabad-500055,Telangana, India

Facilities :

Not Divulged

Person Name :

Not Divulged

Contact No.:

Not Divulged

Report :

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)

Rs.30.000 million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

Auditors :

 

Name :

V. S. Ganesh and Associates

Chartered Accountants

Address :

Shriven Towers, 8-3-222/1/A/1, Yousufguda, Main Road, Hyderabad-500038, Telangana, India

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern :

 

Name :

Vijayasri Organics Limited

Address :

Plot No.09, Jawaharlal Nehru Pharma City, Parawada, Visakhapatnam-531021, India

Activity :

Manufacturing of Bulk Drugs and Intermediates

 

Name :

Vijayasri Organics

Address :

Plot No:164/A3, S. V. Co-operative Industrial Estate, IDA, Bollaram, Jinnaram Mandal Medak -502325, Telangana, India

Activity :

Manufacturing of Bulk Drugs and Intermediates

 

 

CAPITAL STRUCTURE

 

As on: 31.03.2014

 

Capital Investment :

 

Owned :

Rs.144.681 million

Borrowed :

--

Total :

Rs.144.681 million

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

 

31.03.2014

31.03.2013

SHAREHOLDERS FUNDS

 

 

 

1] Partner’s Capital

 

144.681

140.404

2] Share Application Money

 

0.000

0.000

3] Reserves & Surplus

 

0.000

0.000

4] (Accumulated Losses)

 

0.000

0.000

NETWORTH

 

144.681

140.404

LOAN FUNDS

 

 

 

1] Secured Loans

 

26.902

11.538

2] Unsecured Loans

 

1.750

1.750

TOTAL BORROWING

 

28.652

13.288

DEFERRED TAX LIABILITIES

 

0.000

0.000

 

 

 

 

TOTAL

 

173.333

153.692

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

 

37.183

39.055

Capital work-in-progress

 

20.546

1.982

 

 

 

 

INVESTMENT

 

0.950

2.925

DEFERREX TAX ASSETS

 

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

 

51.173

39.445

 

Sundry Debtors

 

59.928

70.808

 

Cash & Bank Balances

 

0.077

0.121

 

Other Current Assets

 

1.035

0.893

 

Loans & Advances

 

54.668

53.491

Total Current Assets
 

166.881

164.758

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditor

 

 

Other Current Liabilities

 

50.139

51.760

 

Provisions

 

2.088

3.268

Total Current Liabilities
 

52.227

55.028

Net Current Assets
 

 

 

 

 

 

 

MISCELLANEOUS EXPENSES

 

0.000

0.000

 

 

 

 

TOTAL

 

173.333

153.692

 

 

Particulars

 

31.03.2015

(Projected)

31.03.2014

31.03.2013

31.03.2012

Sales Turnover

450.000

534.758

516.047

521.050

 

 

 

 

 

Profit After Tax

21.000

33.771

38.929

40.381

 

 

The above information has been parted by Mr. P. Ramdas (Finance Manager)

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry.

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

6.32

7.54

7.75

 

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.20

0.09

N.A

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

3.11

2.95

N.A

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Share Capital

140.404

144.681

Reserves & Surplus

0.000

0.000

Net worth

140.404

144.681

 

 

 

Secured Loans

11.538

26.902

Unsecured Loans

1.750

1.750

Total borrowings

13.288

28.652

Debt/Equity ratio

0.095

0.198

 

 

 

 

YEAR ON YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

521.050

516.047

534.758

 

 

(0.960)

3.626

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

521.050

516.047

534.758

Profit

40.381

38.929

33.771

 

7.75%

7.54%

6.32%

 

 

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

Yes

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

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

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

Yes

18]

Major customers

No

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

Yes

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

No

29]

Last accounts filed at ROC

No

30]

Major Shareholders, if available

No

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 records 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.61.82

UK Pound

1

Rs.95.26

Euro

1

Rs.69.13

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

JYTK

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

6

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--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

 

49

 

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.