MIRA INFORM REPORT

Report Date :

11.11.2011

IDENTIFICATION DETAILS

Name :	BARAMATI AGRO LIMITED
Registered Office :	At Post Pimpalital, Baramati-413102, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	14.01.1988
Com. Reg. No.:	11-045873
Capital Investment / Paid-up Capital :	Rs. 366.090 Millions
CIN No.: [Company Identification No.]	U01134PN1988PLC045873
TAN No.: [Tax Deduction & Collection Account No.]	PNEB03207B
PAN No.: [Permanent Account No.]	AAACB7067M
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Agro Business Company
No. of Employees :	800 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 3300000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The company has improved its performance in the year 2009-10. Trade relations are reported as fair. Business is active. Payments 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.

INFORMATION PARTED BY

Name :	Mr. S. M. Puri
Designation :	Finance Manager
Contact No.:	91-2112-221001
Date :	10.11.2011

LOCATIONS

Registered Office :	At Post Pimpalital, Baramati-413102, Maharashtra, India
Tel. No.:	91-2112-221001 / 221002 / 221004 / 221005
Fax No.:	91-2112-221003
E-Mail :	sugar@baramatagro.com mail@baramatiagro.com
Website :	www.baramatiagro.com
Location :	Owned

DIRECTORS

AS ON 25.09.2010

Name :	Mr. Rajendra Dinkarrao Pawar
Designation :	Chairman and Managing Director
Address :	601, Subhadra Bagh, Post. Pimpali, Baramati, Pune-413102, Maharashtra, India
Date of Birth/Age :	17.06.1958
Date of Appointment :	25.10.1989
DIN No.:	00226848

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	U01134PN1988PLC045873	BARAMATI AGRO LIMITED	Managing director	01-08-10	25-10-89	-	Active	NO
2	U61200MH1975PTC018364	NIRA VALLEY GENETICS Private LIMITED	Director	15-02-96	15-02-96	-	Active	NO
3	U01111PN1999PTC013256	RAJAS AGRO PRIVATE LIMITED	Director	22-01-99	22-01-99	01-05-09	Active	NO
4	U51909PN1999PLC013701	AG-VET MARKETING LIMITED	Director	03-06-99	03-06-99	-	Active	NO
5	U45202PN2000PTC015643	SUBHADRA BUILDCON PRIVATE LIMITED	Director	19-12-00	19-12-00	-	Active	NO
6	U01122PN2001PLC016511	SHARAD AGRO PROCESSORS LIMITED	Director	23-10-01	23-10-01	-	Active	NO
7	U74999MH2002NPL137058	POULTRY PROCESSORS' ASSOCIATION OF INDIA	Director	06-09-02	06-09-02	-	Active	NO
8	U74999PN2005PTC020228	ECOF SCHOLASTIC PRIVATE LIMITED	Director	01-02-05	01-02-05	-	Active	NO
9	U51909PN2005PTC020765	SUHIT TRADING PRIVATE LIMITED	Director	20-05-05	20-05-05	01-05-09	Active	NO
10	L15520MH1982PLC028415	INDAGE RESTAURANTS AND LEISURE LIMITED	Director	26-11-05	26-11-05	30-01-09	Active	NO
11	U15421KA1995PLC017655	SHIVASHAKTI SUGARS LIMITED	Director	06-05-06	06-05-06	24-08-07	Active	NO
12	U01110MH1992PTC068812	GREEN ACRES RESORTS AND REALTORS PRIVATE LIMITED	Director	30-09-06	12-06-06	10-08-09	Active	NO

Name :	Mr. Chanda Bonbehari Nimbkar
Designation :	Director
Address :	A/P Rajale, Taluka Phaltan, District Satara-413102, Maharashtra, India
Date of Birth/Age :	20.12.1960
Date of Appointment :	07.08.1995
DIN No.:	00284531

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	U01134PN1988PLC045873	BARAMATI AGRO LIMITED	Director	07-08-95	07-08-95	-	Active	NO
2	U61200MH1975PTC018364	NIRA VALLEY GENETICS Private LIMITED	Director	07-12-95	07-12-95	-	Active	NO
3	U27310MH1971PTC015353	NIMBKAR SEEDS PRIVATE LIMITED	Director	05-09-96	05-09-96	-	Active	NO
4	U01409PN2006PTC129265	PANCHAKROSHI PASHUSAMVARDHAN PRODUCER COMPANY LIMITED	Director	24-11-06	24-11-06	16-10-08	Active	NO
5	U01402PN2011PLC138471	PROVET GENETICS LIMITED	Director	04-02-11	04-02-11	-	Active	NO

Name :	Mr. Abhaysinha Dinkarrao Dhadavepatil
Designation :	Director
Address :	Shrinivas, 1025, Subhashnagar, Shukarvar Peth Line No.3, Pune-411002, Maharashtra, India
Date of Birth/Age :	28.07.1965
Date of Appointment :	19.08.1999
DIN No.:	00584722

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	U01134PN1988PLC045873	BARAMATI AGRO LIMITED	Director	19-08-99	19-08-99	-	Active	NO
2	U45202PN2003PTC018551	ABHAYSINH DHADVE PATIL CONSTRUCTIONS PRIVATE LIMITED	Director	14-11-03	14-11-03	-	Active	NO

Name :	Mr. Prakash Sarjerao Jagtap
Designation :	Director
Address :	455T, Patricks Town, Pune-Solapur Road, Hadapasar, Pune-411013, Maharashtra, India
Date of Birth/Age :	27.12.1945
Date of Appointment :	24.07.2000
DIN No.:	00656410

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	U29199MH1972PTC015903	SAJ TEST PLANT PRIVATE LIMITED	Managing director	17-07-72	17-07-72	Active	NO
2	U33125MH1979PTC020991	S A J DYNAMOMETERS PRIVATE LIMITED	Director	06-02-79	06-02-79	Active	NO
3	U33129MH1963PTC012591	ACCURATE ENGINEERING COMPANY PRIVATE LIMITED	Director	02-06-85	02-06-85	Active	NO
4	U65993MH1989PTC054016	SAJ LEASING AND FINANCE PRIVATE LIMITED	Director	24-10-89	24-10-89	Active	NO
5	U74140MH1991PTC060561	SAJ AUTOTECH PRIVATE LIMITED	Director	28-02-91	28-02-91	Active	NO
6	U28939MH1985PTC035867	AJAY SYSCON PRIVATE LIMITED	Director	01-04-00	01-04-00	Active	NO
7	U01134PN1988PLC045873	BARAMATI AGRO LIMITED	Director	24-07-00	24-07-00	Active	NO
8	U51909MH1997PTC112307	METACHEM MANUFACTURING COMPANY PRIVATE LIMITED	Director	07-09-00	07-09-00	Active	NO
9	U27109MH1981PTC025469	BARAMATI ENGINEERING PRIVATE LIMITED	Director	07-09-00	07-09-00	Active	NO

Name :	Mr. Subhash Jagannath Gulve
Designation :	Director
Address :	A/p . Takali, Taluka Karmala, Solapur-413203, Maharashtra, India
Date of Birth/Age :	01.06.1969
Date of Appointment :	28.01.2009
DIN No.:	02625022

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	U01134PN1988PLC045873	BARAMATI AGRO LIMITED	Director	29-09-09	28-01-09	-	Active	NO
2	U01402PN2011PLC138471	PROVET GENETICS LIMITED	Director	04-02-11	04-02-11	-	Active	NO
3	U01403PN2011PTC140502	PROFARM AGROTECH PRIVATE LIMITED	Director	18-08-11	18-08-11	12-10-11	Active	NO
4	U74999PN2011PTC140608	PROENERGY RESOURCES PRIVATE LIMITED	Director	29-08-11	29-08-11	01-09-11	Active	NO

Name :	Mr. Rohit Rajendra Pawar
Designation :	Whole Time Director
Address :	601, Subhadra Bagh, Post. Pimpali, Baramati, Pune-413102, Maharashtra, India
Date of Appointment :	01.04.2009
DIN No.:	00590679

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	U01110MH1992PTC068812	GREEN ACRES RESORTS AND REALTORS PRIVATE LIMITED	Director	30-09-06	12-06-06	Active	NO
2	U01134PN1988PLC045873	BARAMATI AGRO LIMITED	Whole-time director	01-04-09	01-04-09	Active	NO
3	U51909PN2005PTC020765	SUHIT TRADING PRIVATE LIMITED	Director	26-08-09	01-05-09	Active	NO
4	U01111PN1999PTC013256	RAJAS AGRO PRIVATE LIMITED	Director	28-08-09	01-05-09	Active	NO

Name :	Mr. Virendrachandra Ramchandra Srivastava
Designation :	Director
Address :	A-1/ 4, Walkutir Apartmets, Vastu Sundar Griha Rachana Sanstha Maryaditaundh, Pune-411037, Maharashtra, India
Date of Birth/Age :	15.07.1938
Date of Appointment :	26.05.2009
DIN No.:	00327153

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	U74140MH1974PTC017924	J P MUKHERJIAND ASSOCIATES PRIVATE LIMITED	Director	01-04-09	01-04-90	28-06-10	Active	NO
2	U74140MH1981PTC024794	JYOTI SUGAR ENGINEERING PRIVATE LIMITED	Director	28-09-91	28-09-91	28-06-10	Active	NO
3	U01134PN1988PLC045873	BARAMATI AGRO LIMITED	Director	29-09-09	26-05-09	-	Active	NO

Name :	Mr. Gpoalswamy Cheluvarayaswamy
Designation :	Director
Address :	No.17, Sumeru, Aecs Layout, 1st Stage, 3rd Cross , Geddalahalli, Bangalore-560024, Karnataka, India
Date of Birth/Age :	02.06.1947
Date of Appointment :	07.08.2010
DIN No.:	00742732

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	U24111KA1983PTC005213	PROVIMI ANIMAL NUTRITION INDIA PRIVATE LIMITED	Director	11-03-83	11-03-83	31-03-09	Active	NO
2	U01134PN1988PLC045873	BARAMATI AGRO LIMITED	Director	25-09-10	07-08-10	-	Active	NO
3	U24301KA2010PTC055162	QUADRAGEN VETHEALTH PRIVATE LIMITED	Director	15-09-10	15-09-10	-	Active	NO
4	U15332KA1988PTC009732	BALKRISHNA LIVESTOCK BREEDERS PRIVATE LIMITED	Director	30-09-10	30-09-10	-	Active	NO
5	U70101KA1986PTC008065	BALKRISHNA BREEDING FARMS PRIVATE LIMITED	Director	30-09-10	30-09-10	-	Active	NO

KEY EXECUTIVES

Name :	Mr. S. M. Puri
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.09.2010

Names of Shareholders	No. of Shares
Rajendra Dinkarrao Pawar	1544398
Chanda Bonbehari Nimbkar	21000
Virendrachandra Ramchandra Srivastava	5000
Abhaysinh Dinkarrao Dhadve Patil	20000
Rohit Rajendra Pawar	1292575
Prakash Sarjerao Jagtap	20000
Subhash Jagannath Gulve	250

AS ON 25.09.2010

Equity Shares Break Up	Percentage
Bodies corporate	71.71
Directors or relatives of Directors	13.67
Other top fifty shareholders	2.82
Others	11.80
Total	100.00

BUSINESS DETAILS

Line of Business :	Agro Business Company
Terms :
Selling :	Cash, Credit (30 days, 60 days)
Purchasing :	Cash, Credit (30 days, 60 days)

PRODUCTION STATUS (AS ON 31.03.2010)

Particulars	Unit		Licensed Capacity		Installed Capacity
Sugar	TCD		4300		4300
Distillery	Ltrs. Per Day		60000		60000
Co-generation	MW		22		22
Hatchery Eggs	Lacks		325		325
Feedmill	Tonne Per Day		200		2000
Dressing Plant	Birds Per Day		6000		6000
ACTUAL PRODUCTION
Particulars		Unit		31.03.2010
SUGAR DIVISION
Sugar		Qty		584844
EMA		LTRS		2654996
Rectified Spirit		LTRS		2297376
S.D.S.		LTRS		320000
POULTRY DIVISION
Broller		Nos.		5800585
Eggs		Nos.		20609164
Chicken and Chicken Products		Kgs.		2203439
FEEDMILL DIVISION
Cattle Feed		Kgs.		38435283

GENERAL INFORMATION

Customers :

· Wholesales

· Retailers

· End Users

No. of Employees :

800 (Approximately)

Bankers :

· Cosmos Co-operative Bank Limited, 269/270, Shaniwar Peth, Pune-411030, Maharashtra, India

· Bank of India, Pune MID Corporate Branch, 1162/6, Shivajinagar, University Road, Pune-411005, Maharashtra, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Facility from Various Banks and Financial Institutions:
Term Loans (Secured against assets of the company)	1788.800	1583.907
Loan Against Fixed Deposits (Secured against Fixed Deposits)	0.000	107.904
Working Capital Finance (Secured against Stocks, Books Debts etc)	1055.842	328.309
[All above facilities are also secured by the personal gurantee of MR. Rajendra Pawar]
Total	2844.642	2020.120
Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Fixed Deposits from Directors / Shareholders	6.584	6.039
Fixed Deposits from Other – Public	0.075	0.075
Total	6.659	6.114

Banking Relations :	--
Auditors :
Name :	G. S. Thorat Chartered Accountant
Address :	“Pentagon” Office No.201-209, Shahu College Road, Parvati, Pune-411009, Maharashtra, India
Pan No.:	AAPPT4948P

CAPITAL STRUCTURE

AFTER 25.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
38000000	Equity Shares	Rs.10/- each	Rs. 380.000 Millions
5000000	9% Redeemable Cumulative Preference Shares	Rs.10/- each	Rs. 50.000 Millions
	Total		Rs. 430.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
33725649	Equity Shares	Rs.10/- each	Rs. 337.256 Millions
5000000	9% Redeemable Cumulative Preference Shares	Rs.10/- each	Rs. 50.000 Millions
	Total		Rs. 387.256 Millions

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
38000000	Equity Shares	Rs.10/- each	Rs. 380.000 Millions
5000000	9% Redeemable Cumulative Preference Shares	Rs.10/- each	Rs. 50.000 Millions
	Total		Rs. 430.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
31608975	Equity Shares	Rs.10/- each	Rs. 316.090 Millions
5000000	9% Redeemable Cumulative Preference Shares	Rs.10/- each	Rs. 50.000 Millions
	Total		Rs. 366.090 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010 [12 Months]	31.03.2009 [9 Months]	30.06.2008 [15 Months]
SHAREHOLDERS FUNDS
1] Share Capital		366.090	268.573	262.724
2] Share Application Money		43.490	76.566	0.438
3] Reserves & Surplus		429.828	240.478	266.013
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		839.408	585.617	529.175
LOAN FUNDS
1] Secured Loans		2844.642	2020.120	853.107
2] Unsecured Loans		6.659	6.114	5.920
TOTAL BORROWING		2851.301	2026.234	859.027
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		3690.709	2611.851	1388.202
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2026.865	820.000	928.408
Capital work-in-progress		2.306	609.603	49.875
INVESTMENT		1.383	1.384	1.633
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1718.426	661.516	287.616
	Sundry Debtors	90.627	31.575	45.828
	Cash & Bank Balances	30.934	183.716	64.262
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	503.070	515.192	136.620
Total Current Assets		2343.057	1391.999	534.326
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	465.192	95.795	42.166
	Other Current Liabilities	65.017	6.347	6.135
	Provisions	160.013	112.967	78.911
Total Current Liabilities		690.222	215.109	127.212
Net Current Assets		1652.835	1176.890	407.114
MISCELLANEOUS EXPENSES		7.320	3.974	1.172
TOTAL		3690.709	2611.851	1388.202

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010 [12 Months]	31.03.2009 [9 Months]	30.06.2008 [15 Months]
	SALES
		Revenue	2869.106	989.020	1020.980
		Other Income	16.578	36.174	20.918
		TOTAL (A)	2885.684	1025.194	1041.898
Less	EXPENSES
		Consumption of Raw Material	2973.547	1073.330	949.914
		Manufacturing Expenses	137.144	87.291	84.476
		Taxes and Duties	42.630	3.449	8.508
		Payment and Provisions for Employees	71.489	46.513	37.420
		Directors Remuneration	2.713	0.000	0.000
		Administrative Expenses	45.894	19.825	30.794
		Increase in Work in Progress and Finished Goods	(813.846)	(381.794)	(191.308)
		TOTAL (B)	2459.571	848.614	919.804
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		426.113	176.580	122.094
Less	FINANCIAL EXPENSES (D)		156.527	101.981	42.402
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		269.586	74.599	79.692
Less/ Add	DEPRECIATION/ AMORTISATION (F)		129.032	105.829	43.225
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		140.554	(31.230)	36.467
Less	TAX (H)		21.250	0.153	3.647
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		119.304	(31.383)	32.820
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1.437	32.820	0.000
	BALANCE CARRIED TO THE B/S		120.741	1.437	32.820
	Earnings Per Share (Rs.)		4.06	(1.17)	1.25

KEY RATIOS

PARTICULARS		31.03.2010 [12 Months]	31.03.2009 [9 Months]	30.06.2008 [15 Months]
PAT / Total Income	(%)	4.13	(3.06)	3.15
Net Profit Margin (PBT/Sales)	(%)	4.90	(3.16)	3.57
Return on Total Assets (PBT/Total Assets}	(%)	3.22	(1.41)	2.49
Return on Investment (ROI) (PBT/Networth)		0.17	(0.05)	0.07
Debt Equity Ratio (Total Liability/Networth)		4.22	3.83	1.86
Current Ratio (Current Asset/Current Liability)		3.39	6.47	4.20

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS

(Rs. in millions)

SOURCES OF FUNDS	31.03.2010 [12 Months]	31.03.2009 [9 Months]	30.06.2008 [15 Months]
Sundry Creditors	465.192	95.795	42.166

Check List by Info Agents	Available in Report (Yes / No)
1. Year of Establishment	Yes
2. Locality of the firm	Yes
3. Constructions 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%	No
14. Estimation for coming financial year	No
15. Capital in the business	No
16. Details of sister concerns	----
17. Major suppliers	No
18. Major customers	No
19. Payments terms	Yes
20. Export / Import details	No
21. Market information	------
22. Litigations that the firm / promoter involved	------
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	------

OPERATIONS:

The Turnover of the company during the year Increased to Rs. 2869.106 millions as compared to Rs. 989.021 millions In the previous year (for 9 months). It has helped the company to earn profit as compared to the loss suffered in the previous years.

EXPANSION AND DIVERSIFICATION:

A) ACHIEVED PLANS:

1. Installed a poultry feed plant of capacity of 150 tons per day.

2. Expansion of parents farms from 55000 birds to 75000 birds.

3. The production of Chicken Value Added products like Sausages, Salami has been started and these products are well accepted in the market.

4. The Distillery plant is operational and functioning with 60 KLPD capacity.

B) FUTURE PLANS:

1. Setting up of Cattle Feed plant of cap 250 tons per day in Andhra Pradesh near Kuppam district Chittoor. Land has been purchased; Order from main feed plant has been finalized. This plant is expected to be completed within next 7 to 8 months and commercial production is expected to start by February – 2011.

2. Expansion of parents farm from 75000 to 120000 birds with installation of two machines in existing hatchery.

3. Launching of Omega Rich eggs.

4. Installation of blast freezer of capacity 6 tons per day. Total capacity will be 6.5 tons per day.

5. Making operational, the Ethanol Plant of the Company.

FORM 8

Corporate identity number of the company	U01134PN1988PLC045873
Name of the company	BARAMATI AGRO LIMITED
Address of the registered office or of the principal place of business in India of the company	At Post Pimpalital, Baramati-413102, Maharashtra, India
This form is for	Creation of charge
Type of charge	Others – Vehicles
Particular of charge holder	Cosmos Co-operative Bank Limited, 269/270, Shaniwar Peth, Pune-411030, Maharashtra, India
Nature of instrument creating charge	Loan Agreement And Letter of Hypothecation Dated September 12, 2011
Date of instrument Creating the charge	12.09.2011
Amount secured by the charge	Rs. 20.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest 13.50% P.A. and as specified in the Sanction Letter Terms of repayment 84 Equated Monthly Installment of Rs. 0.369 million Margin 21% of Quotation In Banks Favor Extent and operation of the charge Security of Hypothecation of Heavy Goods Vehicles
Short particulars of the property charged (Including location of the property)	Tata Vehicle-Model No LPT3118TC Bearing 1) Chassi No. MAT466385B2H19032 And Engine No. B 5.9 180 3111H63171406 2) Chassi No.MAT466385B2H19062 And Engine No. B 5.9 180 3111H63171396 Situated At Baramati Tata Vehicle-Model No LPT3118TC Bearing 3) Chassi No. MAT466385B2H19063 And Engine No. B 5.9 180 3111H6317139 4) Chassi No.MAT466385B2H19065 And Engine No. B 5.9 180 3111h63171513 Situated At Baramati Tata Vehicle-Model No LPT3118TC Bearing 5) Chassi No.MAT466385B2H19085 And Engine No. B 5.9 180 3111H63171509 6) Chassi No.MAT466385B2H19111 And Engine No. B 5.9 180 3111H63168907 Situated At Baramati Eicher Vehicle-Model No 10.80 F CBC RHD BSIII GB E2 Plus Bearing 1) Chassi No. MC232FRC0BH231094 And Engine No. E483CDBH541706 2) Chassi No. MC232FRC0BH232640 And Engine No. E483CDBH544121 At Baramati Eicher Vehicle-Model No 11.10 G CBC RHD BSIII DW E2 Plus Bearing 3) Chassi No. MC233GRCOBH057281 And Engine No. E483CDBH544279 4) Chassi No. MC233GRCOBH057282 And Engine No. E483CDBH544284 At Baramati Eicher Vehicle-Model No 10.80 G CBC RHD Plus Bearing 5) Chassi No. MC232FRCOBH232662 And Engine No. E483CDBH 544155 At Baramati Eicher Vehicle-Model No 10.59 G Cbc Rhd Bearing 6) Chassi No. MC263ERCOBF227000 And Engine No. E483CDBF 535670 At Baramati

FIXED ASSETS

· Free Hold Land

· Building

· Plant and Machinery

· Furniture and Office Equipments

· Vehicles

· Computer and Peripherals

· Poultory Shed

· Agricultural Assets

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. 49.78
UK Pound	1	Rs. 80.10
Euro	1	Rs. 68.81

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		46

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.