MIRA INFORM REPORT

Report Date :

10.12.2011

IDENTIFICATION DETAILS

Name :	PREET AGRO INDUSTRIES PRIVATE LIMITED
Registered Office :	Patiala Road, Nabha, Patiala – 147201, Punjab
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	14.08.1997
Com. Reg. No.:	16-020361
Capital Investment / Paid-up Capital :	Rs.4.300 Millions
CIN No.: [Company Identification No.]	U24219PB1997PTC020361
TAN No.: [Tax Deduction & Collection Account No.]	PTLP10012C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Agriculture Implements, Combine Harvests, Earth Moving Machinery Parts and Other Agriculture Equipments.
No. of Employees :	Not Available

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 300000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well 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.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	Patiala Road, Nabha, Patiala – 147201, Punjab, India
Tel. No.:	91-1765-220400/ 222609/ 229800
Fax No.:	91-1765-221619
E-Mail :	bsgoyalnbh@gmail.com sales@preet.co preetagro@bsnl.in preetagro@sancharnet.in preetagro@glide.net.in
Website :	www.preetagro.com www.preettractors.com www.preetcombines.com
Head Office :	Post Box No. 29, Patiala Road, Nabha – 147201, Punjab, India
Tel. No.:	91-1765-220400/ 222609/ 229800
Fax No.:	91-1765-221619
E-Mail :	sales@preetagro.com
Factory :	Purani Anaj Mandi, Patiala Road, Nabha – 141010, District Patiala, Punjab, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Hari Ram Murti Singh

Designation :

Director

Address :

Preet Niwas, Kushal Vihar, Nabha, Punjab, India

Date of Birth/Age :

24.01.1957

Date of Appointment :

14.08.1997

DIN No.:

01053239

Other Directorship :

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
U24219PB1997PTC020361	Preet Agro Industries Private Limited	Director	14/08/1997	14/08/1997	-	Active	NO
U29219PB2000PTC023435	Deep Spares Private Limited	Director	1/03/2000	1/03/2000	-	Active	NO
U29211PB2000PTC023459	Preet Spares Private Limited	Director	8/03/2000	8/03/2000	-	Active	NO
U29211PB2000PTC023458	Preet Harvester Spares Private Limited	Director	8/03/2000	8/03/2000	-	Active	NO
U29211PB2001PTC024193	Preet Tractors Private Limited	Director	31/01/2001	31/01/2001	-	Active	NO

Name :

Mr. Gurcharan Ram Murti Singh

Designation :

Director

Address :

Preet Niwas, Kushal Vihar, Nabha, Punjab, India

Date of Birth/Age :

12.08.1965

Date of Appointment :

14.08.1997

DIN No.:

01347838

Other Directorship :

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
U24219PB1997PTC020361	Preet Agro Industries Private Limited	Director	14/08/1997	14/08/1997	-	Active	NO
U29219PB2000PTC023435	Deep Spares Private Limited	Director	1/03/2000	1/03/2000	-	Active	NO
U29211PB2000PTC023459	Preet Spares Private Limited	Director	8/03/2000	8/03/2000	-	Active	NO
U29211PB2000PTC023458	Preet Harvester Spares Private Limited	Director	8/03/2000	8/03/2000	-	Active	NO
U29211PB2001PTC024193	Preet Tractors Private Limited	Director	31/01/2001	31/01/2001	-	Active	NO

Name :

Mr. Gurpreet Hari Singh

Designation :

Director

Address :

Preet Niwas, Kushal Vihar, Nabha, Punjab, India

Date of Birth/Age :

06.05.1983

Date of Appointment :

01.07.2005

DIN No.:

01048258

Other Directorship :

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
U24219PB1997PTC020361	Preet Agro Industries Private Limited	Director	1/07/2005	1/07/2005	-	Active	NO
U29211PB2001PTC024193	Preet Tractors Private Limited	Director	15/07/2005	15/07/2005	-	Active	NO

Name :

Mr. Sarabjit Bant Singh

Designation :

Director

Address :

Hira Mahal Colony, Nabha, Punjab, India

Date of Birth/Age :

20.12.1973

Date of Appointment :

29.10.2001

DIN No.:

01053257

Other Directorship :

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
U29219PB2000PTC023435	Deep Spares Private Limited	Director	1/03/2000	1/03/2000	-	Active	NO
U29211PB2000PTC023458	Preet Harvester Spares Private Limited	Director	8/03/2000	8/03/2000	-	Active	NO
U24219PB1997PTC020361	Preet Agro Industries Private Limited	Director	29/10/2001	29/10/2001	-	Active	NO
U29211PB2001PTC024193	Preet Tractors Private Limited	Director	15/12/2006	15/12/2006	-	Active	NO

Name :

Mrs. Manjit Hari Singh Kaur

Designation :

Director

Address :

Preet Niwas, Kushal Vihar, Nabha, Punjab, India

Date of Birth/Age :

15.01.1961

Date of Appointment :

19.04.2002

DIN No.:

01048175

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Hari Ram Murti Singh Preet Niwas, Kushal Vihar, Nabha, Punjab, India	1100
Gurcharan Ram Murti Singh Preet Niwas, Kushal Vihar, Nabha	1200
Sarabjit Bant Singh Hira Mahal Colony, Nabha, Punjab, India	2000
Manjit Hari Singh Kaur Preet Niwas, Kushal Vihar, Nabha, Punjab, India	3000
Prem Ram Murti Singh Preet Niwas, Kushal Vihar, Nabha, Punjab, India	5700
Bhagwan Ram Murti Kaur Preet Niwas, Kushal Vihar, Nabha, Punjab, India	2500
Sinderpal Gurcharan Singh Preet Niwas, Kushal Vihar, Nabha, Punjab, India	2000
Paramjit Prem Singh Kaur Preet Niwas, Kushal Vihar, Nabha, Punjab, India	1500
Hari Singh HUF Preet Niwas, Kushal Vihar, Nabha, Punjab, India	5000
Gurucharan Singh HUF Preet Niwas, Kushal Vihar, Nabha, Punjab, India	4750
Prem Singh HUF Preet Niwas, Kushal Vihar, Nabha, Punjab, India	3750
Lakhbir Joginder Singh VPO. Mandur, District Patiala, Punjab, India	1000
Major Isher Singh VPO. Bhanri, District Patiala, Punjab, India	3000
Pritam Jogroop Singh Village Alipur, District Sangrur, Punjab, India	2000
Sukhdev Ram Singh VPO. Mandur, District Patiala, Punjab, India	1500
Kulwant Bachan Singh VPO. Panjoli, District Patiala, Punjab, India	3000
Total	43000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Directors or relatives of Directors	45.00
Other top fifty shareholders	55.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Agriculture Implements, Combine Harvests, Earth Moving Machinery Parts and Other Agriculture Equipments.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Canara Bank, Patiala Gate, Nabha – 147201, Punjab, India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Canara BankT/L - 1452	3.695	5.587
Total	3.695	5.587
Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
From Directors	5.486	2.586
From Shareholders	8.744	4.538
Total	14.230	7.124

Banking Relations :	--
Auditors :
Name :	B.S. Goyal and Company Chartered Accountants
Address :	Purani Anaj Mandi, Nabha – 147201, Punjab, India
Tel. No.:	91-1765-222916/ 225916
Res. No..:	91-1765-320378/ 224378
PAN.:	AAIFB6273C

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
100000	Equity Shares	Rs.100/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
43000	Equity Shares	Rs.100/- each	Rs.4.300 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		4.300	4.300	4.300
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		72.145	53.192	32.880
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		76.445	57.492	37.180
LOAN FUNDS
1] Secured Loans		3.695	5.587	15.539
2] Unsecured Loans		14.230	7.124	3.532
TOTAL BORROWING		17.925	12.711	19.071
DEFERRED TAX LIABILITIES		0.946	0.643	0.502
TOTAL		95.316	70.846	56.753
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		119.389	75.629	50.029
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	73.588	72.914	32.470
	Sundry Debtors	34.400	17.416	26.353
	Cash & Bank Balances	139.506	132.902	24.195
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	40.068	12.453	7.830
Total Current Assets		287.562	235.685	90.848
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	155.811	159.684	60.372
	Other Curren