Attachment 1

 

Report Update On

24th February, 2001

 

 

Report on

PURE LINK FOODS

 

 

Registered Office

17/1/1-B, Dover Terrace, Calcutta – 700 019, West Bengal, INDIA

 

 

Tel. No.

91-33-4747299

Fax No.

91-33-4741647

E-Mail

--

Telex

--

 

 

Attachment 2

 

SUMMARY

 

 

Incorporated

1994

Status

Satisfactory

 

 

 

 

Registration No.

 

Chief Executive

Mr. Krishna Kumar Fatehpuria

 

 

 

 

Capital  (Rs.)

0.3 million

Payments

Regular

 

 

 

 

Sales   (Rs.)

5.0 millions

Litigation

--

 

 

 

 

Net Worth (Rs.)

 

Banking Reputation

Satisfactory

 

 

 

 

No. of Employees

8

Auditors

B. P. Jena & Associates

 

 

 

 

Credit Rating

Ba (See attachment 3)

 

 

 

INDUSTRY

 

 

************************

 

FACTORY

 

Not applicable

 

BRANCH

 

Nil

 

HISTORY

 

Subject was established on 1st June, 1994 at Calcutta in West Bengal as a Sole Proprietorship concern.

 

LEGAL FORM

 

It is a Sole Proprietorship concern.

 

SOLE PROPRIETOR

 

Name

Mr. Krishna Kumar Fatehpuria

Address

17/1/1-B, Dover Terrace, Calcutta – 700 019, West Bengal, INDIA

Date of Birth

11th October, 1947

Qualification

MBA, IIMC

Experience

30 years

Previous Employment

--

 

BUSINESS

 

The concern is engaged in distribution and marketing of Process Packed Perishable Food Products including Frozen Vegetables, Misti Doi, Butter, Ghee, etc.

 

The concern sells its products under the brand name “MOTHER DAIRY”, “SAFAL” and “SUDHA”.

 

The concern purchases its requirements against Cash or Credit terms.

 

The concern sells its products against Cash or Credit terms.

 

The concern’s customers include Wholesalers, Retailers and Government Bodies.

 

The concern’s major customers are Government Hospitals.

 

The concern’s major supplier is Mother Dairy.

 

The concern operates from a caption rented residential premises.

 

The concern is reported to employ 8 persons in its set-up.

 

SISTER CONCERNS

 

Nil

 

 

BANKERS

 

K                 Bank of Madura Limited

Gariahat Branch, Calcutta – 700 019, West Bengal, India

 

AUDITORS

 

K                 B. P. Jena & Associates

Chartered Accountants

24, Jawaharlal Nehru Road, Calcutta – 700 016, West Bengal, India

 

FINANCIAL INFORMATION

 

Not divulged.

 

Estimates are as under :

 

[figures are in Rupees Millions]

PARTICULARS

 

 

 

31.03.2000

 

 

 

 

Capital Investment

 

 

0.3

 

 

 

 

Annual Turnover

 

 

5.0

 

COMMENTS

 

Subject is a small distribution concern. Proprietor of the concern Mr. Krishna Kumar Fatehpuria is an experienced and respectable businessman. His trade relations are reported as fair. Payments are reported as correct and as per commitments.

 

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

 

Attachment 3

 

 

SCORE SHEET

 

SCORE

CREDIT 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. Maybe drawn to slightly difficult position as unfavourable conditions arise. Minimal assurance for timely payment on interest and principal sums

Moderate

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively limited or considered not known. Capability to pay both interest and principal sums is doubtful

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

 

Attachment 4

 

 

INDIA

 

INDIA, one of the oldest civilisations with a kaleidoscopic variety and rich cultural heritage. It ahs achieved multifaceted socio-economic progress during the last 53 years of its independence. India has become self-sufficient in agricultural production and is now the tenth industrialised country in the world and the sixth nation to have gone into outer space to conquer nature for the benefit of the people. It covers an area of 3,287,2631 sq.km., extending from the snow-covered Himalayan heights to the tropical rain forests of the south. As the seventh largest country in the world, India stands apart from the rest of Asia, marked off as it is by mountains and the sea, which give the country a distinct geographical entity. Bounded by the Great Himalayas in the north, it stretches southwards and at the Tropic of Cancer, tapers off into the Indian Ocean between the Bay of Bengal on the east and the Arabian Sea on the west.

 

Lying entirely in the northern hemisphere, the mainland extends between latitudes 8°4’ and 37°6’ north, longitudes 68°7’ and 97°25’ east and measures about 3,214 km from north to south between the extreme latitudes and about 2,933 km from east to west between the extreme longitudes. It has a land frontier of about 15,200 km. The total length of the coastline of the mainland, Lakshadweep Islands and Andaman & Nicobar Islands is 7,516.6 km.

 

The countries having a common border with India are Afghanistan and Pakistan to the north-west, China, Bhutan and Nepal to the north, Myanmar to the east and Bangladesh to the east of West Bengal. Sri Lanka is separated from India by a narrow channel of sea formed by the Palk Strait and the Gulf of Mannar.

 

Rivers in India may be classified as : (i) Himalayan rivers; (ii) Peninsular rivers; (iii) Coastal rivers and (iv) rivers of Inland drainage basins.

 

The climate in India may be broadly described as tropical monsoon type. There are four seasons: (i) Winter (January-February); (ii) Hot-weather Summer (March-May); (iii) Rainy South-Western Monsoon (June-September) and (iv) Post-Monsoon, also known as North-East Monsoon in the Southern Peninsula (October-December). India’s climate is affected by two seasonal winds – the north-east monsoon and the south-west monsoon. The north-east monsoon commonly known as winter monsoon blows from land to sea whereas south-west monsoon known as summer monsoon blows from sea to land after crossing the Indian Ocean, the Arabian Sea and the Bay of Bengal. The south-west monsoon brings most of the rainfall during the year in the country. It is now possible to make forecast about the monsoon rains successfully with developed models and trained manpower.

 

India’s populations, as on 1st March, 1991 stood at 846.30 millions (439.23 million males and 407.07 million females). This includes the projected population of 7.72 million of Jammu & Kashmir. The second most populous country, India is the home of 16 percent of world’s population. The country, however, accounts for 2.42 percent of the total world area.

 

The population in India as recorded at each decenial census from 1901 has grown steadily except for a decrease during 1911-21. Decadel growth of population from 1901 is shown in the table below :

 

POPULATION

 

Year

Population

Decade Growth Rate

 

 

(percent)1

Average Annual Exponential Growth Rate

(percent)

Progressive Growth Rate over 1901

1901

238,396,327

--

--

--

1911

252,093,390

+5.75

0.56

+5.75

1921

251,321,213

-0.31

-0.03

+5.42

1931

278,977,327

+11.00

1.04

+17.02

1941

318,660,580

+14.22

1.33

+33.67

1951

361,088,090

+13.31

1.25

+51.47

1964

439,934,771

+21.51

1.96

+84.25

1971

548,159,652

+24.80

2.20

+129.94

1981

683,329,097

+24.66

2.22

+186.64

1991

846,302,688

+23.85

2.14

+255.00

 

INDIAN INDUSTRY

 

India started has quest for industrial development after independence in 1947. The Industrial Policy Resolution of 1948 marked the beginning of the evolution of the Indian Industrial Policy.

 

As per Quick Estimate of the Index of Industrial Production, the overall growth of Industrial Production during 1999-2000 was 8 percent. Intermediate Goods recorded a growth of 15 percent. Consumer durable goods recorded a growth of 12.2 percent over 1998-99. Consumer non-durables recorded a growth of 4 percent during 1999-2000 over the corresponding period last year.

 

While the overall industrial growth was 8 percent, the core infrastructure sectors achieved an average growth rate of 8.5 percent during the financial year 1999-2000.

 

The performance of six infrastructure industries is given herebelow :

 

 

Sr. No.

Industry

Weight

1995-96

1996-97

1997-98

1998-99

1999-2000

1.

Electricity

10.1690

8.3

3.8

6.6

6.6

7.1

2.

Coal

3.2216

6.4

5.7

3.6

-2.0

3.3

3.

Steel

5.1278

21.9

5.8

6.3

1.3

12.5

4.

Crude Petroleum

4.1721

7.1

-4.7

2.9

-3.4

-2.2

5.

Petroleum Refinery Products

2.0021

3.9

7.0

3.7

5.2

25.3

6.

Cement

1.9891

11.5

9.6

9.1

5.7

14.0

Overall

26.6817

10.5

3.0

5.6

2.9

8.5

 

FOREIGN EXCHANGE RATES

 

Currency

 

Unit

Indian Rupees

US Dollar

1

Rs.46.62

UK Pound

1

Rs.67.87

Euro

1

Rs.42.74

Attachment 5

 

ACKNOWLEDGEMENT

 

Dear Sir/Madam,

 

As part of our control system, please fax/email us this note upon receipt of this report. If we do not receive the acknowledgement within 24 hours, we will assume that our report meets your requirement. If you have any suggestion to help us improve our reports and services, please do not hesitate to let us know.

 

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Company’s Stamp & Signature