MIRA INFORM REPORT

Report Date :

08.12.2011

IDENTIFICATION DETAILS

Name :	SCHREIBER DYNAMIX DAIRIES LIMITED
Formerly Known As :	DYNAMIX DAIRY INDUSTRIES LIMITED
Registered Office :	A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra.
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	11.05.1992
Com. Reg. No.:	11-66700
Capital Investment / Paid-up Capital :	Rs.950.962 Millions
CIN No.: [Company Identification No.]	U99999MH1992PLC066700
TAN No.: [Tax Deduction & Collection Account No.]	MUMD09903F
PAN No.: [Permanent Account No.]	AAACD3743J
Legal Form :	A closely held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Value added dairy products.
No. of Employees :	850 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 9400000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. 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.

INFORMATION PARTED BY

Name :	Mr. Pravin Heda
Designation :	Accounts Department
Date :	08.12.2011

LOCATIONS

Registered Office/Corporate Office :	A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India
Tel. No.:	91-22-67711900/903
Fax No.:	91-22-67711910
E-Mail :	praveen.heda@schreiberfoods.com hemant.kothari@schreiberfoods.com info@dynamixdairy.com
Website :	www.schreiberfoods.com www.dynamixdairy.com
Area :	5000 sq.ft.
Location :	Rented
Factory :	E-94, MIDC, Bhigwan Road, Baramati – 413133, Dist. Pune, Maharashtra, India
Tel. No.:	91-2112-243821/22/23/24
Fax No.:	91-2112-243710/ 243707
Area :	2 acre
Location :	Owned

DIRECTORS

AS ON 24.09.2009

Name :	Mr. Krishna M. Goenka
Designation :	Director
Address :	501 Kings Paartment, Juhu Tara Road, Mumbai – 400 049, Maharashtra, India.
Date of Birth/Age :	06.12.1936
Date of Appointment :	11.05.1992

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U99999MH1982PTC091647	CONWOOD CHEMICAL INDUSTRIES PRIVATE LIMITED	Director	12/04/1984	12/04/1984	-	Active	NO
2	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	11/05/1992	11/05/1992	-	Active	NO
3	U45202MH1982PTC027927	SPAN CONSTRUCTION CO PVT LTD	Director	25/11/2006	25/11/2006	-	Active	NO
4	U20291GJ1963PTC001226	DENSE WOOD PVT LTD	Director	29/09/2007	25/11/2006	-	Active	NO
5	U45200MH1989PTC154095	GOAN REAL ESTATE AND CONSTRUCTION PRIVATE LIMITED	Director	25/11/2006	25/11/2006	16/08/2007	Active	NO
6	U70102MH2006PTC165917	KUSEGAON REALTY PRIVATE LIMITED	Director	01/12/2006	01/12/2006	14/07/2008	Active	NO
7	U51219MH2006PTC166097	SAHYADRI HORTICULTURE PRIVATE LIMITED	Director	08/12/2006	08/12/2006	14/07/2008	Active	NO
8	U70102MH2007PTC166974	MAN CHANDAK DEVELOPERS PRIVATE LIMITED	Director	12/01/2007	12/01/2007	14/07/2008	Active	NO
9	U01110MH1993PTC070820	SAHAPUR PLANTATIONS AND ORCHARD PVT LTD	Director	29/09/2007	05/03/2007	-	Active	NO
10	U70102MH2007PTC176761	CONWOOD REALTY PRIVATE LIMITED.	Director	13/12/2007	13/12/2007	10/01/2010	Active	NO
11	L70200MH2007PLC166818	D B REALTY LIMITED	Director	21/09/2011	21/04/2011	-	Active	NO
12	U70100MH2004PTC149602	D B HOSPITALITY PRIVATE LIMITED	Alternate director	02/07/2011	02/07/2011	-	Active	NO

Name :	Mr. Gobind K. Dryanani
Designation :	Director
Address :	Flat No. 24, 2^nd Floor, Chitrakut Building, Altamount Road, Mumbai -400 026, Maharashtra
Date of Birth/Age :	13.08.1933
Date of Appointment :	24.06.2005

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U70100MH1979PTC021117	DARYANANI (INDO-SALGAON) CONSTRUCTIONS PRIVATE LIMITED	Director	17/03/1979	17/03/1979	-	Active	NO
2	U99999MH1969PTC014494	GLASS CONTAINERS PRIVATE LIMITED	Director	24/03/1981	24/03/1981	-	Active	NO
3	U17120MH1951PTC008567	SWASTIK RAYON MILLS PRIVATE LIMITED	Director	24/03/1981	24/03/1981	-	Active	NO
4	U45200MH1989PTC154095	GOAN REAL ESTATE AND CONSTRUCTION PRIVATE LIMITED	Director	10/02/1992	10/02/1992	11/07/2011	Active	NO
5	U65990MH1994PTC081606	DARYANANI (INDO SAIGON) INVESTMENTS PRIVATE LIMITED	Director	29/09/1994	29/09/1994	-	Active	NO
6	U70109KA1995PTC017873	FINESSE DEVELOPERS PRIVATE LIMITED	Director	31/08/2000	31/08/2000	-	Strike off	NO
7	U45201KA1995PTC017959	INDO SAIGON DEVELOPERS PRIVATE LIMITED	Director	31/08/2000	31/08/2000	-	Active	NO
8	U45201KA1995PTC017874	SONATA BUILDERS PRIVATE LIMITED	Director	31/08/2000	31/08/2000	-	Strike off	NO
9	U45202MH1982PTC026216	YJ REALTY Private LIMITED	Director	04/09/2004	04/09/2004	-	Active	NO
10	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	24/06/2005	24/06/2005	-	Active	NO
11	U55101MH1997PTC107571	BD AND P HOTELS (INDIA) PRIVATE LIMITED	Director	23/08/2006	23/08/2006	27/09/2007	Active	NO
12	U45400MH2007PTC172316	GOLDENDREAMS BUILDCON PRIVATE LIMITED	Director	06/12/2008	15/02/2008	-	Active	NO

Name :	Mr. Pramod K. Goenka
Designation :	Director
	Jakni Kutir, Vaibhav Society, Juhu Church Road, Mumbai – 400 049, Maharashtra
Date of Birth/Age :	31.12.1961
Date of Appointment :	09.06.2001

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U36910MH1995PTC088038	SAY INDIA JEWELLERS PRIVATE LIMITED	Managing director	04/05/1995	04/05/1995	-	Active	NO
2	U15990MH1987PTC044777	CONWOOD INVESTMENTS PVT LTD	Director	21/03/1996	21/03/1996	-	Amalgamated	NO
3	U45200MH1978PTC020735	CONWOOD CONSTRUCTION COMPANY PRIVATE LIMITED	Director	01/04/1999	01/04/1999	-	Amalgamated	NO
4	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	09/06/2001	09/06/2001	-	Active	NO
5	U36911MH2004PTC144344	LILY JEWELLERY PRIVATE LIMITED	Director	03/02/2004	03/02/2004	-	Active	NO
6	U45201MH2004PTC144704	GOKULDHAM REAL ESTATE DEVELOPMENT COMPANY PRIVATE LIMITED	Director	25/02/2004	25/02/2004	01/09/2009	Active	NO
7	U65990MH1994PTC080250	DYNAMIX SECURITIES & HOLDINGS PRIVATE LIMITED	Director	28/06/2004	28/06/2004	-	Active	NO
8	U36910MH2005PTC150740	ROLLY JEWELLERY PRIVATE LIMITED	Director	19/01/2005	19/01/2005	-	Active	NO
9	U36100MH2005PTC156430	DANIA ORO JEWELLERY PRIVATE LIMITED	Director	29/09/2005	29/09/2005	-	Active	NO
10	U55101MH2004PTC149876	ALMANAC HOTELS PRIVATE LIMITED	Additional director	08/12/2005	08/12/2005	-	Dormant	NO
11	U55101MH2004PTC149219	GOAN HOTELS AND CLUBS PRIVATE LIMITED	Director	12/12/2005	12/12/2005	30/07/2009	Active	NO
12	U74899MH1991PTC170072	ASTALAKSHMI FINANCIAL AND INVESTMENT SERVICES PVT LTD	Director	30/09/2006	31/12/2005	-	Active	NO
13	U55200MH1983PTC031709	CONSORT HOTELS PVT LTD	Director	29/09/2006	17/01/2006	02/04/2008	Active	NO
14	U24239MH1959PTC011443	ANILINE CONSTRUCTION COMPANY PRIVATE LIMITED	Director	30/09/2006	20/05/2006	21/02/2008	Active	NO
15	U27200MH1946PLC005069	THE CRESCENT IRON AND STEEL CORPORATION LTD	Director	30/09/2006	06/07/2006	-	Active	NO
16	U45200MH1988PTC047902	KALPATARU PLAZA PRIVATE LIMITED	Director	06/07/2006	06/07/2006	-	Active	NO
17	U70101MH1989PTC052891	HIRACON PROPERTIES PRIVATE LIMITED	Director	30/09/2006	06/07/2006	-	Active	NO
18	U45200MH1986PTC039169	PRIYA CONSTRUCTIONS PVT LTD	Director	29/09/2006	06/07/2006	02/04/2008	Active	NO
19	U45200MH1990PTC056103	HILLSIDE CONSTRUCTIONS COMPANY PRIVATE LIMITED	Director	06/07/2006	06/07/2006	02/04/2008	Active	NO
20	U70100MH1982PTC092727	EXCON DEVELOPERS PRIVATE LIMITED	Director	06/07/2006	06/07/2006	02/04/2008	Active	NO
21	U55200MH1993PTC075524	DYNAMIX CLUBS AND RESORTS PVT LTD	Director	30/09/2006	06/07/2006	02/04/2008	Active	NO
22	U45200MH1989PTC154095	GOAN REAL ESTATE AND CONSTRUCTION PRIVATE LIMITED	Director	06/07/2006	06/07/2006	02/04/2008	Active	NO
23	U70100MH1979PTC021291	EVERSMILE PROPERTIES PRIVATE LIMITED	Director	06/07/2006	06/07/2006	02/01/2009	Active	NO
24	U45202MH1982PTC026216	YJ REALTY Private LIMITED	Director	30/09/2006	08/07/2006	-	Active	NO
25	U01110MH1994PTC083103	MALDUNGE RETREAT AND FARMING PRIVATE LIMITED	Director	29/09/2006	14/08/2006	-	Active	NO
26	U01110MH1994PTC078964	MALDUNGE FARMING AND AGRO PRODUCE P LTD	Director	14/08/2006	14/08/2006	-	Active	NO
27	U70100MH1979PTC020933	CONWOOD CONSTRUCTION & DEVELOPERS PRIVATE LIMITED	Director	30/12/2006	14/08/2006	-	Active	NO
28	U01110MH1994PTC077262	DYNAMIX FLORICULTURE PRIVATE LIMITED	Director	29/09/2006	14/08/2006	22/06/2009	Active	YES
29	U27205MH2006PTC165520	YASH JEWELLERY PRIVATE LIMITED	Director	13/11/2006	13/11/2006	-	Active	NO
30	U70100MH2004PTC149602	D B HOSPITALITY PRIVATE LIMITED	Director	15/11/2006	15/11/2006	07/03/2009	Active	NO
31	U55101MH2006PTC165933	DYNAMIX DEVELOPERS PRIVATE LIMITED	Director	01/12/2006	01/12/2006	-	Active	YES
32	U70102MH2006PTC165917	KUSEGAON REALTY PRIVATE LIMITED	Director	01/12/2006	01/12/2006	14/07/2008	Active	NO
33	U51219MH2006PTC166097	SAHYADRI HORTICULTURE PRIVATE LIMITED	Director	08/12/2006	08/12/2006	14/07/2008	Active	NO
34	U36911RJ2006PTC023478	LAKHA GEMS PRIVATE LIMITED	Director	15/12/2006	15/12/2006	-	Active	NO
35	U01119MH2006PTC166319	SAHYADRI GRAPE PLANTATION PRIVATE LIMITED	Director	19/12/2006	19/12/2006	14/07/2008	Active	NO
36	U01119MH2006PTC166452	SAHYADRI ORGANIC FARMING PRIVATE LIMITED	Director	22/12/2006	22/12/2006	14/07/2008	Active	NO
37	U55101MH2007PTC166968	Yadgar Hotels Private Limited	Director	11/01/2007	11/01/2007	14/07/2008	Active	NO
38	U70102MH2007PTC166974	MAN CHANDAK DEVELOPERS PRIVATE LIMITED	Director	12/01/2007	12/01/2007	14/07/2008	Active	NO
39	U51909MH2007PTC166973	YASH FRUIT TRADING & PACKAGING PRIVATE LIMITED	Director	12/01/2007	12/01/2007	14/07/2008	Active	NO
40	L70200MH2007PLC166818	D B REALTY LIMITED	Director	13/08/2007	10/02/2007	07/03/2009	Active	NO
41	U45200MH1982PTC026500	EVERSMILE CONSTRUCTION CO PVT LTD	Director	29/09/2007	19/05/2007	01/04/2008	Active	NO
42	U99999MH1975PTC018511	CONWOOD AGENCIES PRIVATE LIMITED	Director	29/09/2007	19/05/2007	02/04/2008	Active	NO
43	U55101MH1997PTC107571	BD AND P HOTELS (INDIA) PRIVATE LIMITED	Additional director	29/09/2007	29/09/2007	10/06/2008	Active	NO
44	U36911MH2007PTC175044	Dynamix Chains Manufacturing Private Limited	Director	29/09/2008	18/10/2007	-	Active	NO
45	U70102MH2007PTC176761	CONWOOD REALTY PRIVATE LIMITED.	Director	13/12/2007	13/12/2007	11/03/2010	Active	NO
46	U45200MH2004PTC144751	TRIDENT ESTATES PRIVATE LIMITED	Director	30/09/2008	08/02/2008	07/12/2009	Active	NO
47	U52393MH2008PTC178687	MAGIC JEWELLERY PRIVATE LIMITED	Director	09/02/2008	09/02/2008	-	Active	YES
48	U74210MH1992PTC068584	INDOCON DEVELOPERS PRIVATE LIMITED	Director	30/09/2009	01/04/2008	-	Active	NO
49	U51900MH1989PTC052409	COGENT JEWELLERY PRIVATE LIMITED	Director	27/05/2008	27/05/2008	-	Active	NO
50	U45200MH2008PTC181214	Modern Hi-Tech Developers Private Limited	Director	30/09/2009	09/07/2008	-	Active	NO
51	U92120MH2008PTC185498	MILAN THEATRES PRIVATE LIMITED	Director	05/08/2008	05/08/2008	-	Active	NO
52	U74120MH2010PTC202350	ASTORIA AGRO AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	23/04/2010	23/04/2010	-	Active	NO
53	U93090MH2010PTC210667	NASCENT JEWELLERY PRIVATE LIMITED	Additional director	10/01/2011	10/01/2011	-	Active	NO
54	U01403MH2010PTC208645	INDOCON AGRO AND ALLIED ACTIVITIES PRIVATE LIMITED	Additional director	15/01/2011	15/01/2011	-	Active	NO

Name :	Mr. Craig E. Newman
Designation :	Director
Address :	3071, Mercedes Drives., Green Bay, Wisconsin 54313, USA
Date of Birth/Age :	22.09.1967
Date of Appointment :	25.09.2003

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	25/09/2003	25/09/2003	-	Active	NO

Name :	Mr. Helmut Felder
Designation :	Director
Address :	425, Pine Street, Green bay, WI, USA-54301
Date of Appointment :	14.01.2004

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	14/01/2004	14/01/2004	-	Active	NO

Name :	Mr. Thomas N. Roberts
Designation :	Director
Address :	N8078, Serenity Drive, Citviz, WI 54114, U.S.A
Date of Birth/Age :	22.12.1956
Date of Appointment :	23.09.2005

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	23/09/2005	23/09/2005	13/03/2009	Active	NO

Name :	Mr. Amitabha Ray
Designation :	Managing Director
Address :	82, Trishul, 3^rd Cross Road Lokhandwala Complex, Andheri West, Mumbai – 400058, Maharashtra, India.
Date of Birth/Age :	23.08.1949
Date of Appointment :	01.12.2007

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U28920MH1968PTC014006	FAIRLON ENGINEERING PRIVATE LIMITED	Director	16/09/1989	16/09/1989	-	Active	NO
2	U01122PN2001PLC016511	SHARAD AGRO PROCESSORS LIMITED	Director	18/01/2002	18/01/2002	04/01/2011	Active	NO
3	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Managing director	18/11/2008	18/11/2005	-	Active	NO

Name :	Mr. William F. R. Knight
Designation :	Director
Address :	1894 Cady Lane, De Pere Wisconsin 54115, U.S.A
Date of Birth/Age :	24.2.1962
Date of Appointment :	29.11.2007

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Alternate director	29/11/2007	29/11/2007	21/12/2010	Active	NO

Name :	Mr. Harley Tipton Skidmore
Designation :	Director
Address :	1894, Cady Lane, De Pere, Wisconsin 54115
Date of Birth/Age :	09.02.1958
Date of Appointment :	13.03.2009

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	24/09/2009	13/03/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Maddipatla R. Naidu
Designation :	Secretary
Date of Appointment :	04.05.2004
Name :	Mr. Rajesh
Designation :	Accounts Executive
Name :	Mr. Hemant Rajnikant Kothari
Designation :	Company Secretary
Address :	D – 201, Akruti Park, A K Road, Andheri (East), Mumbai – 400 072, Maharashtra
Date of Birth/Age :	13.03.1976
Date of Appointment :	10.01.2009

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 24.09.2009

Names of Shareholders	No. of Shares
Mr. Krishna Murari Goenka	1082720
Gobind Daryanani	100
Vinod Goenka	1647920
Vinod Goenka – HUF	1647954
Aseela Goenka	1647920
Vinod K Goenka (F and NG Sanjana Goenka)	1647920
Pramod K Goenka Karta – HUF	100
Bina Goenka	50
Pramod K Goenka	1561714
Gobind K Daryanani	11811788
Ziaullah Sheriff	100
Yunus Zia	100
Schreiber Internation Inc., USA	48499062
Subhash Sitaram Atole	200
Maruti Anantrao Jadhav	200
Chandrakant K Mhetre Jointly with Anjali C Mhetre	200
Madhukar Ramchandra Jadhav Jointly with Sushilla R Kadhav	200
C Raghunathan Menon Jointly	200
Poptrao D Lambhate Jointly with Shakuntala P Lambhate	200
Bharat Appa Khandale Jointly with Dynamix Dairy Industry Limited	200
Namdeo Manikrao Kagtap Jointly with Chadnrakala N Jagtap	200
Shitaladin Chintaman Sharma Jointly with Sunita Shitaladin Sharma	200
Hanumant B Pisal	200
Mohan Raghunath Tambe Jointly with Lata M Tambe	200
Shivaji P Zende Jointly with Suresh P Zende	200
Vijay Lal Jointly with Pooja V Dhamejani	400
Jaya Tontai	300
Vinod A Jagasia Jointly with Arjan K Jagasia	200
Bhanudas Patil	200
Krishnan Subramanian	200
Dagadu Namdeo Pansare	100
Kusum Jangal Wagh	100

Equity Share Breakup (Percentage of Total Equity)

As on 30.09.2009

Names of Shareholders	Percentage of Holding
Foreign holding	52.43
Bodies corporate	1.04
Director or relatives of directors	45.38
Other top fifty (50) shareholders	1.14
Others	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Value added dairy products.

Products :

Product Description	Item Code No.
Butter	04-05-001
Skimmed Milk Powder	04-02-002
Processed Cheese	04-05-003

Exports :

Products :

Dairy Products

Countries :

• USA
• Middle East
• African Country
• China

Terms :

Selling :

L/C, Cash and Credit (30 Days)

Purchasing :

L/C, Cash and Credit (30 Days)

PRODUCTION STATUS (As on: 31.03.2009):-

Particulars	Unit	Installed Capacity	Actual Production
Processed Cheese	MT	16307	3304
Casein MPC80	MT	3200	2805
Lactose	MT	3200	3340
Powders	MT	21600	21532
Butter and Ghee	MT	11520	13280
UHT Milk / Fl Milk / Juice	Ltr ‘000	90000	47393
Natural / Mozzarella Cheese	MT	7200	6222
Dahi	MT	3960	1882

GENERAL INFORMATION

No. of Employees :

850 (Approximately)

Suppliers :

• Chino-Laxsons (India) Limited
• Kailash Salt Gringing Mill
• Precision Foils Private Limited
• Sapna Packaging

Customers :

· End Users

· OEM’s

· Britannia

· Nestle

Bankers :

State Bank of India, Mumbai, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2009 (RS. IN MILLIONS)	31.03.2008 (RS. IN MILLIONS)
Loans from banks Cash/Export packing credit facilities (Secured by hypothecation of stocks and pari-pasu charge on current assets)	6.372	96.440
Term Loans From Banks (Secured by first pari passu charge on all present and future fixed and current assets)	0.000	271.767
From Others ECB loan from Rabo Bank International, Singapore (Secured by first pari-pasu charge on all present and future fixed and current assets)	153.578	126.948
Amount Repayable within One Year (Rs.46.409 millions) Previous Year (Rs.7.219 millions) Other loans (Secured by a charge on specific fixed assets identified for this purpose)	5.947	8.118
Total	165.897	503.273

Banking Relations :

---

Financial Institutions :

Rabo India Finance Limited, 14 Janpath, New Delhi – 110 001, India

Auditors :

Name :

S. R. Batlibol and Company

Chartered Accountant

Address :

6^th Floor, Express Towers, Nariman Point, Mumbai – 400021, Maharashtra

Holding Company :

Schreiber International INC, P.O. Box 19010, Green Bay, Wisconsin – 54307-9010, U.S.A

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
110,000,000	Equity Shares	Rs. 10/- each	Rs. 1100.000 Millions
100,000,000	Class B Equity Shares	Rs. 1/- each	Rs. 100.000 Millions
		Total	Rs. 1200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
95,096,200	Equity Shares	Rs. 10/- each	Rs. 950.962 Millions

NOTE

48,499,062 (previous year 48,499,062) equity shares are held by Schreiber International Inc, U.S.A., the holding company

FINANCIAL DATA

[all figures are in Rupees Millions]

Particulars	31.03.2011
Sales Turnover (Approximately)	8500.000

Expected Sales (2011-2012) : Rs.9000.000 Millions

The above information has been parted by Mr. Pravin Heda (Accounts Department)

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		950.962	950.962	950.962
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1419.105	1202.013	749.691
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2370.067	2152.975	1700.653
LOAN FUNDS
1] Secured Loans		228.555	165.897	503.273
2] Unsecured Loans		220.306	0.000	0.000
TOTAL BORROWING		448.861	165.897	503.273
DEFERRED TAX LIABILITIES		0.000	168.983	179.617
TOTAL		2818.928	2487.855	2383.543
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1941.327	1442.302	1507.104
Capital work-in-progress		28.524	152.972	13.830
INVESTMENT		0.820	0.820	0.821
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1069.098	792.951	784.696
	Sundry Debtors	444.677	453.165	506.803
	Cash & Bank Balances	126.955	117.160	43.901
	Other Current Assets	2.448	6.645	6.642
	Loans & Advances	202.184	228.509	250.514
Total Current Assets		1845.362	1598.430	1592.556
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	694.076	384.321	679.324
	Other Current Liabilities	214.673	262.096
	Provisions	88.356	60.252	51.444
Total Current Liabilities		997.105	706.669	730.768
Net Current Assets		848.257	891.761	861.788
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2812.928	2487.855	2383.543

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	7476.926	8719.422	6992.224
		Other Income	120.475	106.584	221.266
		TOTAL	7597.401	8826.006	7213.490
Less	EXPENSES
		Cost of Goods Sold	5942.787	6539.803	5243.180
		Personnel Expenses	302.265	274.557	249.377
		Operating and Other Expenses	865.806	1135.489	779.705
		Increase/ Decrease in Stock	0.000	0.000	[180.798]
		TOTAL	7110.858	7949.849	6091.464
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		486.543	876.157	1122.026
Less	FINANCIAL EXPENSES		9.939	32.390	64.538
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		476.604	843.767	57.488
Less	DEPRECIATION/ AMORTISATION		162.943	147.305	126.305
	PROFIT BEFORE TAX		313.661	696.462	931.183
Less	TAX		96.569	244.141	300.236
	PROFIT AFTER TAX		217.092	452.321	630.947
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		810.295	357.973	[272.974]
	BALANCE CARRIED TO THE B/S		1027.387	810.294	357.973
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	3033.058	2262.793
	TOTAL EARNINGS		NA	3033.058	2262.793
	IMPORTS
		Raw Materials	NA	219.307	324.669
	TOTAL IMPORTS		NA	219.307	324.669
	Earnings Per Share (Rs.)		2.28	4.76	6.63

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	2.86	5.12	8.74
Net Profit Margin (PBT/Sales)	(%)	4.20	7.98	13.31
Return on Total Assets (PBT/Total Assets}	(%)	8.28	21.80	29.90
Return on Investment (ROI) (PBT/Networth)		0.13	0.32	0.54
Debt Equity Ratio (Total Liability/Networth)		0.61	0.41	0.72
Current Ratio (Current Asset/Current Liability)		1.85	2.26	2.17

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS:

(Rs. In Millions)

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors
a. Total outstanding dues from Micro And Small Enterprises	15.089	9.395	NA
b. Total outstanding dues other than Micro and Small Enterprises	678.987	374.926	NA
Total	694.076	384.321	NA

Note – Dynamix Dairy Industries Limited (MNC) Name was change in 2005

Note:

The Registered office of the company has been shifted from Conwood House, Yashodhama K Vaidya Marg, Goregaon East, Mumbai, Maharashtra, India to present address. w.e.f. 25.09.2006

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	--
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	No
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	Yes
15) Capital in the business	No
16) Details of sister concerns	--
17) Major suppliers	Yes
18) Major customers	Yes
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	--
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

TRADE REFERENCES:-

· Nestle

· Britannia

Bankers Charges Report as per Registry

This form is for

Modification of charge

Charge identification number of the modified

10060676

Corporate identity number of the company

U99999MH1992PLC066700

Name of the company

SCHREIBER DYNAMIX DAIRIES LIMITED

Address of the registered office or of the principal place of business in India of the company

A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra, India.

Type of charge

Immovable property

Book debts

Movable property

Others

Particular of charge holder

Name :	Rabo India Finance Limited
Address :	1A, Janapath, New Delhi – 110001, India.
Email :	sejaljaradi@rabobank.com

Nature of description of the instrument creating or modifying the charge

No. instrument was executed. MOE dated 20^th march 2008 recorded by RIF as security agent of Cooperatieve Centrale Raiffeisen-Boereleenbank B.A., State bank of India, and State bank of Patiala.

Date of instrument Creating the charge

20.03.2008

Amount secured by the charge

Rs. 135.300 Millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest

2% p.a. above 3 months LIBOR

Terms of Repayment

Repayment 20 equal quarterly instalments commencing 1.5 years from the date of first drawn down.

Margin

As may be agreed by parties

Extent and Operation of the charge

The mortgage charge created by the company favouring RIF as security agent Cooperatieve Centrale Raiffeisen-Boereleenbank B.A., for its loan of USD 3.3 Million will now rank pari passu with the term loan of State Bank of India of Rs. 417.800 Millions and State bank of Patiala of Rs. 158.000 millions. The working capital facilities of Rs. 345.000 millions of State bank of India shall rank second and subservient to the term loan lenders. All other terms and conditions remain same.

Short particulars of the property charged

Hypothecation of movable assets and current assets at the borrower factories and charge on all payments received or to be received by the borrower in the designated escrow account along with a first charge over the immovable properties and the building thereon located at Baramati, Maharashtra State

Date of latest modification prior to the present modification

11.07.2007

Particulars of the present modification

The mortgage charge created by the company favouring RIF as security agent Cooperatieve Centrale Raiffeisen-Boereleenbank B.A., for its loan of USD 3.3 Million will now rank pari passu with the term loan of State Bank of India of Rs. 417.800 Millions and State bank of Patiala of Rs. 158.000 millions. The working capital facilities of Rs. 345.000 millions of State bank of India shall rank second and subservient to the term loan lenders. All other terms and conditions remain same

Name of the company	DYNAMIX DAIRY INDUSTRIES LIMITED
Presented By	DYNAMIX DAIRY INDUSTRIES LIMITED
1) Date and description of instrument creating the change	Instrument of Hypothecation of Goods dated 19.08.1996 for Rs. 36.500 Millions
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 36.500 Millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Al the books of raw materials, stock in process, Finished Goods, Stores and Spares of the company.
4) Gist of the terms and conditions and extent and operation of the charge.	To secure cash credit facility of Rs. 18.500 Millions BD/ Bd limits of Rs. 10.000 Millions Letter of Credit Limit of Rs. 4.000 Millions, Guarantee Limits of Rs. 4.000 Milions Total Rs. 36.500 Millions together with interest, additional interest, interest tax, costs, charges, expenses etc. Margin 25% Interest Rate 19.25% p.a. with quarterly rests (inclusive of interest tax)
5) Name and Address and description of the person entitled to the charge.	Bank of Baroda, Industrial Finance Branch, Baroda House, 42, Cawasjee Patel Street, Mumbai-400001, Maharashtra, India
6) Date and brief description of instrument modifying the charge	N.A
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	N.A

FIXED ASSETS:-

· Free Hold Land

· Leasehold Land

· Buildings

· Furniture and Fixtures

· Vehicles

· Plant and Machinery

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 records 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.51.44
UK Pound	1	Rs.80.37
Euro	1	Rs.69.12

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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.