MIRA INFORM REPORT

Report Date :

08.11.2011

IDENTIFICATION DETAILS

Name :	SAF YEAST COMPANY PRIVATE LIMITED
Registered Office :	419-420-422 Swastik Chambers, 4^th Floor, Junction of CST Road and Sion Trombay Road, Mumbai-400071, Maharashtra
Country :	India
Financials (as on) :	31.03.2008
Date of Incorporation :	12.08.1981
Com. Reg. No.:	11-024975
Capital Investment / Paid-up Capital :	Rs.15.838 Millions
CIN No.: [Company Identification No.]	U15410MH1981PTC024975
TAN No.: [Tax Deduction & Collection Account No.]	KLPS04331F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Yeast Products, Food and Beverages.
No. of Employees :	500 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

B (35)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 3200000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The management has not filed the financials of the company with the government departments after the year 2008. However, trade relations are reported as fair. Business is active. Payments are unknown. The company can be considered for business dealings with some caution.

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. Abhyankar
Designation :	Accounts Departments
Contact No.:	91-22-25223364
Date :	07.11.2011

LOCATIONS

Registered Office :	419-420-422 Swastik Chambers, 4^th Floor, Junction of CST Road and Sion Trombay Road, Mumbai-400071, Maharashtra, India
Tel. No.:	91-22-25223364
Fax No.:	91-22-25223370 / 25221435
E-Mail :	sycl@vsnl.com
Location :	Owned
Factory :	C-3, Khadpoli Industrial Area, Taluka Chiplun, Ratnagiri, Maharashtra, India
Branch Office :	3-4-835/1, Barkatpura, Hyderabad-500027, Andhra Pradesh, India

DIRECTORS

As on 21.10.2008

Name :

Arunachalam Muthu Arunachalam

Designation :

Director

Address :

1, Hermes, 7/7 B Worli Sea Face, Worli, Mumbai-400025, Maharashtra, India

Date of Birth/Age :

28.05.1976

Date of Appointment :

24.10.1998

Din No.:

01687714

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U15400MH1996PTC098841	HELIOS CONFECTIONERY PRIVATE LIMITED	Director	12-04-96	12-04-96	Active	YES
2	U15490MH1985PTC038156	HELIOS FOOD ADDITIVES PRIVATE LIMITED	Director	05-12-97	05-12-97	Active	YES
3	U67120MH1987PTC045639	HELIOS PECUNIARY AND INVESTORS PRIVATE LIMITED	Director	05-12-97	05-12-97	Active	YES
4	U15499PN1987PTC042483	HELIOS FOOD IMPROVERS PRIVATE LIMITED	Director	05-12-97	05-12-97	Active	YES
5	U15410MH1981PTC024975	SAF YEAST COMPANY PRIVATE LIMITED	Director	24-10-98	24-10-98	Active	YES
6	U15100MH2002PTC137402	SRI MUTHU FINE FOODS PRIVATE LIMITED	Director	01-10-02	01-10-02	Active	YES

Name :

Arunachalam Muthu Muthiah

Designation :

Director

Address :

1, Hermes, 7/7 B Worli Sea Face, Worli, Mumbai-400025, Maharashtra, India

Date of Birth/Age :

23.08.1980

Date of Appointment :

23.11.2002

Din No.:

01866014

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U15400MH1996PTC098841	HELIOS CONFECTIONERY PRIVATE LIMITED	Director	27-08-98	27-08-98	Active	YES
2	U15490MH1985PTC038156	HELIOS FOOD ADDITIVES PRIVATE LIMITED	Director	27-08-98	27-08-98	Active	YES
3	U67120MH1987PTC045639	HELIOS PECUNIARY AND INVESTORS PRIVATE LIMITED	Director	27-08-98	27-08-98	Active	YES
4	U15499PN1987PTC042483	HELIOS FOOD IMPROVERS PRIVATE LIMITED	Director	27-08-98	27-08-98	Active	YES
5	U15100MH2002PTC137402	SRI MUTHU FINE FOODS PRIVATE LIMITED	Managing director	01-10-02	01-10-02	Active	YES
6	U15410MH1981PTC024975	SAF YEAST COMPANY PRIVATE LIMITED	Director	23-11-02	23-11-02	Active	YES

Name :

Mr. Pramod Balchandra Thatte

Designation :

Director

Address :

3, Sawan Mansion, Radha Swami Co-Operative Housing Society, Plot No. 27, Sector 18, Koparkhairne, Navi Mumbai-400709, Maharashtra, India

Date of Birth/Age :

04.11.1953

Date of Appointment :

30.06.1997

Din No.:

01687763

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U15400MH1996PTC098841	HELIOS CONFECTIONERY PRIVATE LIMITED	Director	24-03-97	24-03-97	Active	YES
2	U15410MH1981PTC024975	SAF YEAST COMPANY PRIVATE LIMITED	Director	30-06-97	30-06-97	Active	YES

Name :

Mr. Prakash Lal Kapur

Designation :

Alternate Director

Address :

C-1/5, Safdargunj Development Area, New Delhi-110016, India

Date of Birth/Age :

18.03.1949

Date of Appointment :

23.05.2006

Din No.:

00005793

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	U74899DL1995PTC064891	SEHGAL EDUTECH PRIVATE LIMITED	Director	31-01-95	31-01-95	-	Active	NO
2	U00000DL1995PTC064981	GLENCORE INDIA PRIVATE LIMITED	Director	02-02-95	02-02-95	-	Active	NO
3	U74899DL1995PTC065012	TRAK SECURITIES AND FINANCIAL SERVICES PRIVATE LIMITED	Director	02-02-95	02-02-95	-	Active	NO
4	U74899DL1995PTC072735	JUMERIA INVESTMENT AND REAL ESTATES PRIVATE LIMITED	Director	26-09-95	26-09-95	-	Active	NO
5	U74899DL1995PTC073730	APJR TRADERS AND COMMISSION AGENTS PRIVATE LIMITED	Director	09-11-95	09-11-95	-	Active	NO
6	U67120DL1996PTC075472	RARITIES INVESTMENTS PRIVATE LIMITED	Director	15-01-96	15-01-96	-	Active	NO
7	U67120DL1996PTC075471	RARITIES CAPITAL GROWTH PRIVATE LIMITED	Director	15-01-96	15-01-96	-	Active	NO
8	U92321DL1996PTC075473	SPACEZ TEK DESIGN PRIVATE LIMITED	Director	15-01-96	15-01-96	-	Active	NO
9	U72200DL1997PTC089388	SDG SOFTWARE INDIA PRIVATE LIMITED	Director	06-11-97	06-11-97	-	Active	NO
10	U67120DL1998PTC095168	NICE BOMBAY TRANSPORT PRIVATE LIMITED	Director	17-05-99	17-05-99	-	Active	NO
11	U74110DL2000PTC106512	WELL BUILT INVESTMENT SERVICES PRIVATE LIMITED	Director	28-06-00	28-06-00	-	Active	NO
12	U74140DL2000PTC106797	AMICABLE INVESTMENT SERVICES PRIVATE LIMITED	Director	14-07-00	14-07-00	-	Active	NO
13	U74899DL1995PLC065961	MAGNUM POWER GENERATION LIMITED	Nominee director	07-11-00	07-11-00	-	Active	NO
14	L74899DL1989PLC036474	MOVING PICTURE COMPANY (INDIA) LIMITED	Director	06-07-01	06-07-01	06-09-10	Active	NO
15	U74899DL1934PLC000349	BRITISH MOTOR CAR COMPANY (1934) LIMITED	Director	20-07-01	20-07-01	-	Active	NO
16	U74899DL1993PTC055964	PRIYADARSHNI FARMS PRIVATE LIMITED	Director	06-08-01	06-08-01	-	Active	NO
17	U01222AP1989PTC010489	PRIYADARSHINI FARMS PRIVATE LIMITED	Director	06-08-01	06-08-01	05-10-11	Active	NO
18	U34300DL1988PLC030910	ALLIED NIPPON LIMITED	Director	01-09-01	01-09-01	-	Active	NO
19	U74899DL1994PTC062419	ELGI CONSULTANTS AND HOSPITALITY PRIVATE LIMITED	Director	16-06-02	16-06-02	-	Active	NO
20	U45400DL1995PTC070570	HERMANOS ZUBADI HOLDINGS PRIVATE LIMITED	Director	25-06-02	25-06-02	-	Active	NO
21	U74899DL1995PTC070567	HERMANOS ZUBADI FINANCE PRIVATE LIMITED	Director	25-06-02	25-06-02	-	Active	NO
22	U74899DL1995PTC073312	FRUITFUL SECURITIES AND LEASING PRIVATE LIMITED	Director	25-06-02	25-06-02	16-08-11	Active	NO
23	U45203DL2002PTC116290	RESHEF INDIA PRIVATE LIMITED	Director	23-07-02	23-07-02	-	Active	NO
24	U74899DL1995PTC074303	CTC ELECTRICALS PRIVATE LIMITED	Director	17-08-02	17-08-02	-	Active	NO
25	U51102DL1999PTC099600	VIKING RESORTS PRIVATE LIMITED	Director	10-12-02	10-12-02	-	Dormant	NO

Name :

Mr. Gurmeet Singh Uberai

Designation :

Alternate Director

Address :

DD-14, FF, Kalkaji, Opposite Post Office, New Delhi-110019, India

Date of Birth/Age :

27.03.1951

Date of Appointment :

23.05.2006

Din No.:

00273688

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	U74899DL1986PTC025291	TRAK CONSOLIDATED CONSULTANTS PRIVATE LIMITED	Director	29-08-86	29-08-86	-	Active	NO
2	U74899DL1995PTC065012	TRAK SECURITIES AND FINANCIAL SERVICES PRIVATE LIMITED	Director	02-02-95	02-02-95	-	Active	NO
3	U74899DL1995PTC073730	APJR TRADERS AND COMMISSION AGENTS PRIVATE LIMITED	Director	09-11-95	09-11-95	-	Active	NO
4	U92321DL1996PTC075473	SPACEZ TEK DESIGN PRIVATE LIMITED	Director	15-01-96	15-01-96	-	Active	NO
5	U63040KL1996PTC010490	ANGELA TOURISM PRIVATE LIMITED	Director	19-06-96	19-06-96	-	Active	NO
6	U55101DL1996PTC082989	C AND C HOSPITALITY (ALLAHABAD) PRIVATE LIMITED	Director	01-08-97	01-08-97	-	Active	NO
7	U74899DL1979PTC010091	IHHR HOSPITALITY PRIVATE LIMITED	Director	03-04-98	03-04-98	-	Active	NO
8	U92199KL1999PTC012769	MUDDY WATERS ISLAND RETREAT PRIVATE LIMITED	Director	07-03-00	07-03-00	27-07-11	Active	NO
9	U74210DL1996PTC082987	HAWTAL WHITING (INDIA) PRIVATE LIMITED	Director	15-05-00	15-05-00	-	Active	NO
10	U45202DL1998PTC093696	COUNTRY DEVELOPMENT AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	25-09-00	25-09-00	-	Active	NO
11	L34300HR1968PLC004844	ROLLATAINERS LIMITED	Nominee director	13-12-00	13-12-00	17-07-07	Active	NO
12	U74899DL1993PTC055964	PRIYADARSHNI FARMS PRIVATE LIMITED	Director	06-08-01	06-08-01	-	Active	NO
13	U01222AP1989PTC010489	PRIYADARSHINI FARMS PRIVATE LIMITED	Director	06-08-01	06-08-01	05-10-11	Active	NO
14	U74899DL1994PTC062419	ELGI CONSULTANTS AND HOSPITALITY PRIVATE LIMITED	Director	16-02-02	16-02-02	-	Active	NO
15	U55101KA2001PTC028790	TRISTAR HOTELS PRIVATE LIMITED	Director	10-04-02	10-04-02	-	Active	NO
16	U74899DL1995PTC070567	HERMANOS ZUBADI FINANCE PRIVATE LIMITED	Director	25-06-02	25-06-02	-	Active	NO
17	U74899DL1995PTC073312	FRUITFUL SECURITIES AND LEASING PRIVATE LIMITED	Director	25-06-02	25-06-02	16-08-11	Active	NO
18	U45203DL2002PTC116290	RESHEF INDIA PRIVATE LIMITED	Director	23-07-02	23-07-02	-	Active	NO
19	U74899DL1995PTC074303	CTC ELECTRICALS PRIVATE LIMITED	Director	17-08-02	17-08-02	-	Active	NO
20	U51102DL1999PTC099600	VIKING RESORTS PRIVATE LIMITED	Director	10-12-02	10-12-02	-	Dormant	NO
21	U74899DL2001PTC109109	FIRST TUESDAY (INDIA) PRIVATE LIMITED	Director	24-03-03	24-03-03	-	Active	NO
22	U92111HR2000PLC034517	GURGAON RECREATIONS PARK LIMITED	Director	06-02-04	06-02-04	-	Active	NO
23	U00000DL1995PTC064981	GLENCORE INDIA PRIVATE LIMITED	Alternate director	31-08-04	31-08-04	05-06-06	Active	NO
24	U60231DL2005PTC131950	RAPAT FREIGHT INDIA PRIVATE LIMITED	Director	11-01-05	11-01-05	-	Active	NO
25	U70101DL2005PTC131995	BACKWATERS REAL ESTATES PRIVATE LIMITED	Director	11-01-05	11-01-05	-	Active	NO
26	U55101KL2005PTC017914	SYMPHONY HOSPITALITY MANAGEMENT PRIVATE LIMITED	Director	14-02-05	14-02-05	-	Dormant	NO
27	U74999DL2005PTC134946	ALPHA CRYOGENIC PROCESSING PRIVATE LIMITED	Director	13-04-05	13-04-05	-	Active	NO
28	U55101DL2001PTC112158	HOTEL SNOWPEAK PRIVATE LIMITED	Director	09-05-05	09-05-05	-	Active	NO
29	U70101DL2004PTC127135	LUSH GREEN BUILDTECH PRIVATE LIMITED	Director	13-08-05	30-05-05	-	Active	NO
30	U45201DL2005PTC140140	ROSEBUDS BUILDTECH PRIVATE LIMITED	Director	30-08-05	30-08-05	21-04-07	Active	NO
31	U55101DL2005PTC140714	C AND C HOSPITALITY (KERALA) PRIVATE LIMITED	Director	14-09-05	14-09-05	-	Active	NO
32	U24111DL2005PTC136262	VGAS CRYOGENIC LIQUID GASES PRIVATE LIMITED	Director	16-05-06	16-05-06	-	Active	NO
33	U85110DL2000PTC108355	CARLSON HOSPITALITY MARKETING (INDIA) PRIVATE LIMITED	Director	16-05-06	16-05-06	-	Active	NO
34	U67190DL2006PTC148242	C AND C ALPHA GROUP INDIA PRIVATE LIMITED	Director	29-05-06	29-05-06	-	Active	NO
35	U45400DL1995PTC070570	HERMANOS ZUBADI HOLDINGS PRIVATE LIMITED	Director	25-06-06	25-06-06	-	Active	NO
36	U55101DL2006PTC150263	AMITY HOSPITALITY PRIVATE LIMITED	Director	26-06-06	26-06-06	03-02-07	Active	NO
37	U70104DL2006PTC150441	SERENITY REAL ESTATE PRIVATE LIMITED	Director	01-07-06	01-07-06	07-02-08	Active	NO
38	U45201DL2005PTC140165	ECSTASY REAL ESTATES PRIVATE LIMITED	Director	25-08-06	25-08-06	-	Active	NO
39	U70200DL2006PTC154507	TRANQUILITY REAL ESTATES PRIVATE LIMITED	Director	29-09-06	29-09-06	-	Active	NO
40	U33209UR1993PTC015564	DEHRADOON HOSPITALITY PRIVATE LIMITED	Director	22-09-07	26-02-07	-	Active	NO
41	U85110KA1997PTC022128	IDEB PROJECTS PRIVATE LIMITED	Director	12-04-07	12-04-07	25-06-09	Active	NO
42	U55101DL2005PTC138155	SHANTI HOSPITALITY PRIVATE LIMITED	Director	28-09-07	18-04-07	-	Active	NO
43	U70101DL1996PTC077969	BANDLI SHER ESTATES PRIVATE LIMITED	Director	30-05-07	30-05-07	-	Active	NO
44	U55100DL2005PTC132527	C AND C ALPHA HEALTHCARE PRIVATE LIMITED	Director	30-06-07	30-06-07	-	Active	NO
45	U45201DL2005PTC133426	SAHARA ACROPOLIS LUXURY HOMES DEVELOPERS PRIVATE LIMITED	Director	28-09-07	30-06-07	-	Active	NO
46	U70102DL2004PTC129017	ACROPOLIS ARCHITECTURAL AND PROJECTS PRIVATE LIMITED	Additional director	30-06-07	30-06-07	-	Active	NO
47	U80300DL2007PTC165742	COPPER BEECH INFRASTRUCTURE PRIVATE LIMITED	Director	11-07-07	11-07-07	26-09-08	Active	NO
48	U74120DL2007PTC168557	C AND C HOTELSVENTURE PRIVATE LIMITED	Director	21-09-07	21-09-07	-	Active	NO
49	U55101DL2007PTC168704	C AND C PRIME HOTELS PRIVATE LIMITED	Director	26-09-07	26-09-07	-	Active	NO
50	U55101DL2007PTC171452	OCEAN VIEW HOSPITALITY PRIVATE LIMITED	Director	14-12-07	14-12-07	-	Active	NO
51	U70101DL2006PTC148890	SHALIMAR BUILDTECH PRIVATE LIMITED	Director	21-01-08	21-01-08	08-05-08	Active	NO
52	U85100DL2008PTC177375	ALPHA HEALTHSCIENCES PRIVATE LIMITED	Director	29-04-08	29-04-08	-	Active	NO
53	U85100DL2008PTC177369	ALPHA LIFE SCIENCES PRIVATE LIMITED	Director	29-04-08	29-04-08	-	Active	NO
54	U55101GA2005PTC004136	ANANTARA HOSPITALITY PRIVATE LIMITED	Director	15-05-08	15-05-08	-	Active	NO
55	U74899DL2005PTC144006	RUCHI HOSPITALITY PRIVATE LIMITED	Director	30-09-08	29-05-08	-	Active	NO
56	U51109DL2008PTC179411	COLUMBIA IMPEX INTEGRATORS PRIVATE LIMITED	Director	12-06-08	12-06-08	01-04-11	Active	NO
57	U45400DL2008PTC176761	WELMOUNT REALITY PRIVATE LIMITED	Director	25-09-09	21-08-08	-	Active	NO
58	U51109DL2008PTC180541	THALAJ RESORTS AND REALTORS PRIVATE LIMITED	Director	25-09-09	21-08-08	-	Active	NO
59	U55101DL1996PTC078397	MODELAMA HOTELS PRIVATE LIMITED	Director	30-09-09	21-08-08	-	Active	NO
60	U55101KA2008PTC047305	ANANTARA HOTELS AND RESORTS PRIVATE LIMITED	Director	23-12-09	27-09-08	-	Active	NO
61	U55101DL2008PTC184632	NIDRA HOSPITALITY PRIVATE LIMITED	Director	04-11-08	04-11-08	-	Active	NO
62	U74140DL2009PTC188450	AEROSPACE ONE CONSULTANTS PRIVATE LIMITED	Director	16-03-09	16-03-09	-	Active	NO
63	U24299DL2009PTC190579	ABM INKS PRIVATE LIMITED	Director	25-05-09	25-05-09	-	Active	NO
64	U55101DL2006PTC151317	C AND C HOSPITALITY PRIVATE LIMITED	Director	23-09-09	03-07-09	-	Active	NO
65	U32109HR2009PTC039316	MOTOROLA MOBILITY CHENNAI PRIVATE LIMITED	Director	20-07-09	20-07-09	25-09-09	Active	NO
66	U32204HR2009PTC039313	MOTOROLA MOBILITY INDIA PRIVATE LIMITED	Director	20-07-09	20-07-09	25-09-09	Active	NO
67	U55207GJ2006PTC048117	NIDRA HOSPITALITY GUJARAT PRIVATE LIMITED	Director	15-09-10	27-08-09	-	Active	NO
68	U55101KA2009PTC051336	BCIL LITTLE ACRE RESORTS PRIVATE LIMITED	Additional director	26-12-09	26-12-09	-	Active	NO
69	U36109DL2004PTC126715	ECODUR WINDOORS PRIVATE LIMITED	Additional director	20-01-10	20-01-10	16-10-10	Active	NO
70	U55101DL2010PTC200747	SORREL HOSPITALITY PRIVATE LIMITED	Director	25-03-10	25-03-10	-	Active	NO
71	U55101DL2010PTC200767	MOKSHA HOSPITALITY PRIVATE LIMITED	Director	26-03-10	26-03-10	-	Active	NO
72	U11100DL2010PTC208198	IRIS MINING AND POWER PRIVATE LIMITED	Director	13-09-10	13-09-10	-	Active	NO
73	U11100DL2010PTC208193	RESOURCE MINING AND POWER PRIVATE LIMITED	Director	13-09-10	13-09-10	-	Active	NO
74	U37100DL2010PTC208204	ELITE GREEN ECO VENTURES PRIVATE LIMITED	Director	14-09-10	14-09-10	23-02-11	Active	NO
75	U45200DL2010PTC210061	ABM CIVIL ENGINEERING AND CONTRACTING PRIVATE LIMITED	Director	01-11-10	01-11-10	-	Active	NO
76	U45208DL2010PTC210059	ABM MECHANICAL AND ELECTRICAL SERVICES PRIVATE LIMITED	Director	01-11-10	01-11-10	-	Active	NO
77	U74140DL2011PTC223218	CALIDOR ADVISORS PRIVATE LIMITED	Director	03-08-11	03-08-11	-	Active	NO

Name :

Alain Laloum

Designation :

Director

Address :

137, Rue Gabriel Peri, Marcq-En-Baroeul-059703, France

Date of Birth/Age :

10.06.1948

Date of Appointment :

12.08.1981

Name :

Lucien Lesaffre

Designation :

Director

Address :

137, Rue Gabriel Peri, Marcq-En-Baroeul-059703, France

Date of Birth/Age :

25.10.1946

Date of Appointment :

12.08.1981

Name :

Alain De Gouy

Designation :

Director

Address :

137, Rue Gabriel Peri, Marcq-En-Baroeul-059703, France

Date of Appointment :

30.06.1997

Name :

M.E. Lesaffre

Designation :

Director

Address :

137, Rue Gabriel Peri, Marcq-En-Baroeul-059703, France

Date of Birth/Age :

12.10.1948

Date of Appointment :

12.08.1981

KEY EXECUTIVES

Name :	Mr. Abhyankar
Designation :	Accounts Departments

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 21.10.2008

Names of Shareholders	No. of Shares
Arunachalam Muthu Arunachalam	10396
Arunachalam Muthu Muthiah	10397
A. Muthu	16800
T.N.M. Arunachalam	1800
Helios Food Additives Private Limited, India	38010
Nafan B.V. Netherlands, France	80772
B.B. Paymaster	200
Total	158375

As on 21.10.2008

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	51.00
Bodies corporate	24.00
Directors or relatives of directors	24.87
Other	0.13
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Yeast Products, Food and Beverages.

Products :

Product Description	Item Code
Yeast	2102.10

Exports :

Products :

Yeast

Countries :

· Gulf Countries

· Srilanka

Terms :

Selling :

L/C / Cash and Credit

Purchasing :

L/C / Cash and Credit

PRODUCTION STATUS (AS ON 31.03.2008)

Particulars	Unit	Licensed Capacity	Installed Capacity*	Actual Production [Kilograms]
Yeast	Metric Toones	20500	20500	29924485

Note:* As Certified by the management.

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

500 [Approximately]

Bankers :

Axis Bank, Mumbai, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2008 [Rs. in Millions]	As on 31.03.2007 [Rs. in Millions]
Term Loan From Bank	0.000	0.772
Vehicles Loan	0.287	0.877
Total	0.287	1.649
Unsecured Loan
Loans From Shareholders	0.000	42.854
Interest accrued and due on above loans	0.000	1.377
Deferred sales tax loan	21.720	21.720
Total	21.720	65.951

NOTE:

OUT OF THE LOANS FROM SHAREHOLDERS

1. Upto 40% of the loan from the foreign shareholder amounting to Rs. Nil (Rs.1.144 Millions) is convertible at the option of the lending company, into equity shares. The loan amount together with interest accrued and due Rs. nil (Rs.0.684 Million) was repaid in Indian rupees equivalent during the year.

2. Rs. 39.076 Millions is interest free loan of (1) US $ 58986 repayable in three equal installments commencing from September, 1993, and (2) US $ 850000 repayable in five equal installments commencing from January, 1998. The loan was repaid in full during the year.

3. Rs. 0.165 Million (Rs.0.165 Million) represents unpaid dividend for the year 1989-90 converted into loan on the basis of the letter which has also waived interest on loan and dividend. The loan was repaid in full during the year.

Banking Relations :	--
Auditors :
Name :	Sharp and Tannan Chartered Accountants
Address :	Ravindra Annexe, 194, Churchgate Reclamation, Mumbai-400020, Maharashtra, India
Tel. No.:	91-22-22047722/66338343-47
Fax No.:	91-22-66338352
E-Mail :	sharp@bom3.vsnl.net.in
Pan No.:	AAAFS2967E

CAPITAL STRUCTURE

As on 31.03.2008

Authorised Capital :

No. of Shares	Type	Value	Amount
300000	Equity Shares	Rs.100/- each	Rs.30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
158375	Equity Shares	Rs.100/- each	Rs.15.838 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2008	31.03.2007	31.03.2006
SHAREHOLDERS FUNDS
1] Share Capital		15.838	15.838	15.838
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		787.769	468.831	232.762
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		803.607	484.669	248.600
LOAN FUNDS
1] Secured Loans		0.287	1.649	5.304
2] Unsecured Loans		21.720	65.951	66.676
TOTAL BORROWING		22.007	67.600	71.980
DEFERRED TAX LIABILITIES		78.939	39.941	32.016
DEFERRED INCOME		11.752	7.806	2.747
TOTAL		916.305	600.016	355.343
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		496.556	325.657	274.394
Capital work-in-progress		28.461	24.990	24.634
INVESTMENT		0.738	0.738	0.724
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	177.746	163.246	114.168
	Sundry Debtors	20.341	29.169	31.778
	Cash & Bank Balances	452.340	276.838	161.777
	Other Current Assets	0.744	0.345	0.204
	Loans & Advances	249.707	177.528	145.195
Total Current Assets		900.878	647.126	453.122
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	259.097	210.026	235.785
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	251.231	188.469	161.746
Total Current Liabilities		510.328	398.495	397.531
Net Current Assets		390.550	248.631	55.591
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		916.305	600.016	355.343

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2008	31.03.2007	31.03.2006
	SALES
		Income
		Other Income
		TOTAL	1431.040	1227.989	1038.040
	EXPENSES
		Office Expenses
		Administrative Expenses	972.539	882.476	874.119
		Advertising Expenses
		TOTAL	972.539	882.476	874.119
	PROFIT BEFORE TAX		458.401	345.513	163.921
Less	TAX		92.839	67.306	10.533
	PROFIT AFTER TAX		365.562	278.207	153.388
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	0.057	NA	NA
	TOTAL EARNINGS		0.057	NA	NA
	Earnings Per Share (Rs.)		2308.20	1756.63	968.51

Particulars	31.03.2011	31.03.2010
Sales Turnover [Approximately]	1500.000	1450.000

Expected Sales (2011-12) : Rs.1600.000 Millions

The above information has been parted by Mr. Abhyankar.

KEY RATIOS

PARTICULARS		31.03.2008	31.03.2007	31.03.2006
PAT / Total Income	(%)	25.55	22.66	14.77
Return on Total Assets (PBT/Total Assets}	(%)	32.80	35.52	22.53
Return on Investment (ROI) (PBT/Networth)		0.06	0.71	0.66
Debt Equity Ratio (Total Liability/Networth)		0.66	0.96	1.89
Current Ratio (Current Asset/Current Liability)		1.77	1.62	1.14

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS:

Particulars	31.03.2008 (Rs. in millions)	31.03.2007 (Rs. in millions)	31.03.2006 (Rs. in millions)
Due to others	259.097	209.873	235.722
Unpaid dividend	0.000	0.153	0.063
Total	259.097	210.026	235.785

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	No
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%	No
14) Estimation for coming financial year	Yes
15) Capital in the business	No
16) Details of sister concerns	No
17) Major suppliers	No
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	No
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	--

PERFORMANCES:

During the year, the Company’s production registered a growth rate of 18.24% terms of volume over the previous year. For the year, the total sale of yeast was 29,924 metric tonnes as compared to 25,308 metric tonnes for the financial year 2006-2007 and the realization was Rs.1370.158 Millions against Rs.1188.586 Millions for the previous year.

The audited accounts for the year shows a profit of Rs.458.402 Millions as compared to Rs.345.513 Millions for the previous year, before providing for taxation. After providing for income tax Rs.52.500 Millions, Fringe benefit tax Rs.0.880 Million, wealth tax Rs.0.462 Million and deferred tax Rs.38.998 Millions and after making adjustments for incomes and expenditures and income tax for earlier years, the balance net profit amounting to Rs.365.251 Millions is available for appropriation. The increase in production volume and internal economies achieved by the company by better utilization of available resources have helped the company in improving its earnings significantly during the year under report. In keeping with the provisions of Accounting Standard 22, a provision for deferred tax has been made.

CONTINGENT LIABILITIES IN RESPECT OF (AS ON 31.03.2008)

1. Excise demand in appeal Rs.44.565 Millions

2. Sales tax demand in appeal Rs.13.665 Millions

3. The demand of Rs.3.151 Millions made by SICOM Limited (agents for Government of Maharashtra) towards the alleged- excess availment of a sales tax incentive till the date of repayment is not quantifiable. The company has filed a writ petition before the High Court of Judicature at Bombay against the said demand. By an interim order, the High Court has restrained SICOM from recovering the said amount until the matter is finally disposed of by the High Court.

FIXED ASSETS:

· Leasehold Land

· Building

· Plant and Machinery

· Electrical Installation

· Furniture and Fixtures

· Vehicles

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.49.08
UK Pound	1	Rs.78.65
Euro	1	Rs.67.79

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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		35

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.