MIRA INFORM REPORT
|
Report No. : |
321904 |
|
Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SRI BIOTECH LABORATORIES INDIA LIMITED
(w.e.f 22.05.2008) |
|
|
|
|
Formerly Known
As : |
SRI BIOTECH LABORATORIES INDIA
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
“Biosphere”, Plot No.21, Sagar Society, M.H. No.8-2-269/5/21, Road
No.2, Banjara Hills, Hyderabad – 500 034, Telangana |
|
Tel no. : |
91-40-32580685 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.10.2006 |
|
|
|
|
Com. Reg. No.: |
01-050060 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 147.086 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239TG2006PLC050060 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS18479G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS6296B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Agricultural Fertilizer and Pesticides. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales turnover and profit of the company has declined during FY 2014.
However, net worth of the company is satisfactory. General financial position
of the company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be 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 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Surendra |
|
Designation : |
BDM (IT) |
|
Contact No.: |
91-9505054291 |
|
Date : |
09.05.2015 |
LOCATIONS
|
Registered/ Corporate Office/ Factory 1 : |
“Biosphere”, Plot No.21, Sagar Society, M.H. No.8-2-269/5/21, Road
No.2, Banjara Hills, |
|
Tel. No.: |
91-40-32580685/ 23701153 |
|
Fax No.: |
91-40-42000332 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Plot No.1-3, 16-18, Phase-Il, Pashamylaram, Patancheru-Mandal, Medak
District, |
|
|
|
|
Factory 3 : |
SY No.195, 196, |
|
|
|
|
Branch Office : |
8-3-166/6 and 7, Flat No.211, Bhavya’s Sree Arcade, Erragadda, |
|
|
|
|
R and D Centers : |
Pashamylaram, Nadigama, Tangutur, |
DIRECTORS
As on 29.12.2014
|
Name : |
Mrs. Anuradha Konda Madugula |
|
Designation : |
Director |
|
Address : |
8-3-315/9/A, Plot No.24, Maruthi Nagar, Yousufguda, Hyderabad,
Telangana, India |
|
Date of Birth/Age : |
02.06.1968 |
|
Date of Appointment : |
13.10.2006 |
|
DIN No.: |
02128286 |
|
|
|
|
Name : |
Dr. Vijay Dilbagh Rai |
|
Designation : |
Director |
|
Address : |
207, New Bake House, 12, |
|
Date of Birth/Age : |
13.10.1946 |
|
Date of Appointment : |
26.03.2009 |
|
DIN No.: |
00075837 |
|
|
|
|
Name : |
Mr. Rajesh Kumar Srivastava |
|
Designation : |
Director |
|
Address : |
S-376, Ground Floor, |
|
Date of Birth/Age : |
20.03.1957 |
|
Date of Appointment : |
02.03.2009 |
|
DIN No.: |
00302223 |
|
|
|
|
Name : |
Professor Bir Bahadur |
|
Designation : |
Director |
|
Address : |
The Odyssey-4A, 10-2-289/46, Shanthinagar, Masab Tank, Hyderabad – 500
028, Telangana, India |
|
Date of Birth/Age : |
05.04.1938 |
|
Date of Appointment : |
24.03.2008 |
|
DIN No.: |
02130067 |
|
|
|
|
Name : |
Mr. Utpal Sen Gupta |
|
Designation : |
Director |
|
Address : |
P-411, G Block, Ground Floor, New Alipore, Kolkatta – 700 053, West |
|
Date of Birth/Age : |
05.10.1949 |
|
Date of Appointment : |
26.03.2009 |
|
DIN No.: |
02577237 |
|
|
|
|
Name : |
Dr. Yemmiganur Ramalinga Sarma |
|
Designation : |
Director |
|
Address : |
M10-5, M 10/5, KHSB volony, Malaparamba, Kozhikode - – 673009, Kerala,
India |
|
Date of Birth/Age : |
12.05.1942 |
|
Date of Appointment : |
24.03.2008 |
|
DIN No.: |
02130792 |
|
|
|
|
Name : |
Dr. K.R.K. Reddy |
|
Designation : |
Managing Director |
|
Address : |
24th Maruthinagar, Yousufguda, Hyderabad – 500018,
Telangana, India |
|
Date of Birth/Age : |
15.07.1961 |
|
Date of Appointment : |
13.10.2006 |
|
DIN No.: |
00259576 |
|
|
|
|
Name : |
Mr. Suneet Gupta |
|
Designation : |
Director |
|
Address : |
A-63, Block A, Defence colony, New Delhi – 110024, India |
|
Date of Birth/Age : |
20.02.2009 |
|
Date of Appointment : |
02.03.2009 |
|
DIN No.: |
01653720 |
|
|
|
|
Name : |
Mr. K Vinuthna Reddy |
|
Designation : |
Director |
|
Address : |
House No. 8-3-315/9/B, Near MAruthi Nagar Park,YOusufguda, Hyderabad –
500045, Telangana, India |
|
Date of Birth/Age : |
23.05.1990 |
|
Date of Appointment : |
21.12.2012 |
|
DIN No.: |
02964755 |
KEY EXECUTIVES
|
Name : |
Mr. A Nooka Raju |
|
Designation : |
Secretary |
|
Address : |
Flat no. 201, Shantiniketan Apartments, Barkatpura, Musheerabad, Hyderabad,
Telangana, India |
|
Date of Birth/Age : |
16.06.1961 |
|
Date of Appointment : |
01.01.2013 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.12.2014
Note:
Shareholding details file attached
As on 29.12.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
32.65 |
|
Bodies corporate |
0.11 |
|
Directors or relatives of Directors |
67.04 |
|
Other top fifty shareholders |
0.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Agricultural Fertilizer and Pesticides. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance Payment and Cheque |
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Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
300 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Financial Institution: |
Technology Development Board, Wing A, Ground floor, Vishwakarma Bhawan,
Shaheed jeet Singh Marg, New Delhi – 110016, Delhi, India |
|
|
|
|
Auditors : |
|
|
Name : |
B.S.R. and Associates Chartered Accountants |
|
Address : |
8-2-618/2, Reliance Humsafar, 4th Floor, Road No.11,
Banjara Hills, |
|
Tel. No.: |
91-40-30465000 |
|
Fax No.: |
91-40-30465299 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
Sri Bio Remedies Private Limited CIN No.: U01110AP1997PTC026890 |
CAPITAL STRUCTURE
As on 29.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 150.000 Million |
|
22,500,000 |
Preference Share |
Rs. 10/-each |
Rs. 225.000 Million |
|
|
Total |
|
Rs.375.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,708,651 |
Equity Shares |
Rs.10/- each |
Rs. 147.086
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 |
147.086 |
147.086 |
146.884 |
|
(b) Reserves & Surplus |
1150.979 |
1139.581 |
1029.638 |
|
(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) |
1298.065 |
1286.667 |
1176.522 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.852 |
7.106 |
12.966 |
|
(b) Deferred tax liabilities
(Net) |
17.220 |
0.263 |
46.169 |
|
(c) Other long term
liabilities |
2.054 |
2.128 |
2.174 |
|
(d) long-term provisions |
2.787 |
2.302 |
2.763 |
|
Total
Non-current Liabilities (3) |
25.913 |
11.799 |
64.072 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
274.585 |
292.246 |
195.366 |
|
(b) Trade payables |
122.561 |
156.598 |
197.940 |
|
(c) Other current liabilities |
94.967 |
97.924 |
96.087 |
|
(d) Short-term provisions |
0.366 |
0.456 |
1.966 |
|
Total
Current Liabilities (4) |
492.479 |
547.224 |
491.359 |
|
|
|
|
|
|
TOTAL |
1816.457 |
1845.690 |
1731.953 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
942.602 |
965.571 |
781.978 |
|
(ii) Intangible Assets |
31.388 |
29.716 |
24.859 |
|
(iii) Capital work-in-progress |
62.968 |
55.204 |
75.275 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.906 |
9.906 |
9.906 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.404 |
26.341 |
23.098 |
|
(e) Other Non-current assets |
1.519 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1080.787 |
1086.738 |
915.116 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
118.921 |
222.672 |
260.379 |
|
(c) Trade receivables |
505.392 |
436.311 |
503.117 |
|
(d) Cash and cash equivalents |
45.279 |
43.948 |
38.068 |
|
(e) Short-term loans and
advances |
66.078 |
56.021 |
15.273 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
735.670 |
758.952 |
816.837 |
|
|
|
|
|
|
TOTAL |
1816.457 |
1845.690 |
1731.953 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
537.102 |
662.174 |
706.188 |
|
|
Other Income |
8.706 |
28.398 |
3.075 |
|
|
TOTAL
(A) |
545.808 |
690.572 |
709.263 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
186.204 |
431.716 |
428.492 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
87.339 |
(19.155) |
(17.887) |
|
|
Employees benefits expense |
34.420 |
43.238 |
52.874 |
|
|
Other expenses |
127.669 |
118.671 |
171.070 |
|
|
TOTAL
(B) |
435.632 |
574.470 |
634.549 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
110.176 |
116.102 |
74.714 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
43.468 |
34.371 |
20.829 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
66.708 |
81.731 |
53.885 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
39.377 |
30.441 |
(5.408) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
27.331 |
51.290 |
59.293 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
16.957 |
4.971 |
17.358 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
10.374 |
46.319 |
41.935 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.09 |
3.15 |
2.86 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.93 |
6.99 |
5.94 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
20.51 |
17.53 |
10.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.57 |
2.88 |
3.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.21 |
0.23 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.39 |
1.66 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
146.884 |
147.086 |
147.086 |
|
Reserves & Surplus |
1029.638 |
1139.581 |
1150.979 |
|
Net
worth |
1176.522 |
1286.667 |
1298.065 |
|
|
|
|
|
|
long-term borrowings |
12.966 |
7.106 |
3.852 |
|
Short term borrowings |
195.366 |
292.246 |
274.585 |
|
Total
borrowings |
208.332 |
299.352 |
278.437 |
|
Debt/Equity
ratio |
0.177 |
0.233 |
0.215 |
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 |
706.188 |
662.174 |
537.102 |
|
|
|
(6.233) |
(18.888) |
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 |
706.188 |
662.174 |
537.102 |
|
Profit |
41.935 |
46.319 |
10.374 |
|
|
5.94% |
6.99% |
1.93% |
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 |
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
RESULTS OF THE OPERATIONS:
The company has registered a sales turnover of Rs. 537.102 Million as against Rs.662.174 Million of the previous year, representing decrease of 18.88%, due to the operational problems mentioned below:
1. Continuous strike in AP for separate State during peak period (July 13 to Dec. 13) of season resulted in total closure of and affected transportation too.
2. Drought situation in many States of India, particularly in the regions of Maharastra and in some part of Andhra Pradesh.
3. Non availability of Raw Materials to NPK Unit, owning to the Policy changes has hit the business performance.
OPERATIONS REVIEW:
Over all, the operations of the Company are up to the mark except for a slight drop in turnover due to the reasons mentioned above. In contrast, we have made tremendous progress in Research and Development. The integrated multi product manufacturing facility at Pashamylaram is fully functional and all formulations based on Biologicals, Organics and In-Organics are produced from this facility. The capacity utilization at present is about 35%.
The granulated physical mixing plant at Guntur commissioned in the year 2010, though fully functional, suffered due to the short supply of raw materials. Turnover from the special fertilizer business is only Rs 140.000 Million, as against a budget of Rs.250.000 Million
The Company is progressing well in Southern States like Karnataka, Tamil Nadu and also in Maharashtra. But the Company suffered operational losses in the States like U.P,Bihar,M.P, Chattisgarh, Gujarath and Rajasthan resulted in closing the business in these States.
PROJECTS ON HAND:
They are successful in developing Brinjaltransgenics developed through RNA interference in collaboration with University of Delhi. These transgenics are resistant to shoot and fruit borer. Apart from this, our company sponsored another project to the sameUniversity to develop Tomato transgenics resistant to fruit borer. We are also successful in identifying virulent weed fungal pathogen and antifungal microbe and its secondary metabolites viz., Oleic Curvularialunata Streptomyces atrovirens acid and Dibutyl phthalate respectively. The metabolites, Oleic acid and Dibutylphthalatearefound very effective in controlling weeds in Rice and stem rot disease in Groundnut respectively. We are also successful in identifying copper tolerant, chitosan compatible and broad spectrum antifungal Trichoderma. These projects are funded by Department of Biotechnology, Govt. of India. We have got the necessary approvals in place under PHASE II for commercialization of bio-weedicide product. All the projects are progressing very well.
FUTURE OUTLOOK:
The future programs are more focused on Product Development by giving tailor made solutions for selective crops like Grapes, Citrus, Chilly, Turmeric, Onion, Banana, Flowers etc., and focusing on soil health and fertility management and pest and disease control. As of now we have four prestigious projects in hand, all supported by Department of Bio-technology. All these Projects are aimed towards Product Development, giving solutions to the problems difficult to control by chemical means. Henceforth our focus will be on Retails Sales focused in Southern States and Maharashtra to improve Operational efficiency. And also the Company would further strengthen the Bio-Organic vertical which is the basic strength of the Company by focusing on Crop Nutrition and Crop Protection rather than spending time and money on new divisions like seeds and In-Organic fertilizers.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties |
5.134 |
12.626 |
|
|
|
|
|
Total |
5.134 |
12.626 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10429063 |
04/04/2013 |
40,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI, Maharashtra - 400013, INDIA |
B76287622 |
|
2 |
10408488 |
28/01/2013 |
130,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,,
DR. |
B69712404 |
|
3 |
10355361 |
30/04/2012 * |
100,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR,, KOLHAPUR, Maharashtra - 416001, INDIA |
B44026185 |
|
4 |
10345650 |
30/01/2015 * |
2,622,000.00 |
BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCIL |
MTNL Building, 1st Floor,, 9 CGO Complex, Lodi Ro ad, New Delhi, Delhi - 110003, INDIA |
C43644905 |
|
5 |
10334596 |
22/12/2011 |
40,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL
W |
B31689581 |
|
6 |
10288075 |
30/01/2015 * |
2,198,000.00 |
BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCIL |
MTNL Building, 1st Floor,, 9 CGO Complex, Lodi Ro |
C43644582 |
|
7 |
10133091 |
03/12/2008 |
49,400,000.00 |
Technology Development Board |
Wing A, Ground Floor, Vishwakarma Bhawan, Shaheed |
A52462777 |
|
8 |
10108930 |
20/06/2013 * |
130,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
B79510012 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Machinery
·
Lab Equipment
·
Furniture and Fixtures
·
Vehicles
·
Computers
·
Electrical Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.64.19 |
|
|
1 |
Rs.100.58 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Information Gathered
by : |
MNJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.