MIRA INFORM REPORT

Report Date :

21.11.2011

IDENTIFICATION DETAILS

Name :	KEVENTER AGRO LIMITED w.e.f 07.01.1991
Formerly Known As :	KEVENTER AGRO PRIVATE LIMITED
Registered Office :	Sagar Estate, 4^th Floor, 2 No Clive Ghat Street, Hare Street, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	20.05.1986
Com. Reg. No.:	21 -670429
Capital Investment / Paid-up Capital :	Rs. 77.997 Millions
CIN No.: [Company Identification No.]	U15419WB1986PLC040729
TAN No.: [Tax Deduction & Collection Account No.]	CALK00840A
PAN No.: [Permanent Account No.]	AABCK1716D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturers and exporters of Alphonso Mango Pulp, Totapuri Mango Pulp, Guava Pulp, Sesame Seeds, Bakery Ingredients
No. of Employees :	(Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 1690000
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 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/ Corporate Office :	Sagar Estate, 4^th Floor, 2 No Clive Ghat Street, Hare Street, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22304571/25428533
Fax No.:	91-33-22487669/30224573
E-Mail :	keventer@keventer.com
Regional Office :	77, Bajaj Bhavan, 7^th Floor, 266 Nariman Point, Mumbai, Maharashtra, India
Tel. No.:	91-22-2285381/ 83
Fax No.:	91-22-22814144
Export Office :	1^st Floor, HFCL Building, 9, Masjid Moth Commercial Complex, Greater Kailesh- 2, New Delhi – 110048, India
Tel. No.:	91-11-46016171
Fax No.:	91-11-41758744
Factory :	Subhas Nagar, Barasat, P.O. Nilgunj Bazar, Kolkata – 700121, North 24 Parganas, West Bengal, India
Tel. No.:	91-33-25428533/8534
Fax No.:	91-33-25423018

DIRECTORS

As on 30.09.2010

Name :

Mr. Probir Roy

Designation :

Director

Address :

10, Sourin Roy Road, Behala, Kolkata – 700034, West Bengal, India

Date of Birth/Age :

19.04.1945

Date of Appointment :

16.05.2005

DIN No.:

00033045

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	U24119WB1963SGC025873	Durgapur Chemicals Limited	Director	07-01-97	07-01-97	-	Active	NO
2	U15419WB1986PLC040729	Keventer Agro Limited	Director	16-05-05	16-05-05	-	Active	NO
3	L74140WB1996PLC081521	Shalimar Wires Industries Limited	Director	21-07-05	21-07-05	-	Active	NO
4	U24231WB1936PLC008598	East India Pharmaceutical Works Limited	Director	25-07-05	25-07-05	-	Active	NO
5	U25112WB1984GOI037225	Tyre Corporation of India Ltd	Director	05-12-05	05-12-05	04-12-08	Active	NO
6	U28999AP1966GOI001202	Bharat Heavy Plate and Vessels Limited	Director	03-04-07	03-04-07	18-03-10	Active	NO
7	U70101WB2007PTC118817	Twister Enclave Private Limited	Director	03-12-07	03-12-07	-	Active	NO
8	U91110WB1940NPL010249	Bengal National Chamber of Commerce and Industry	Director	27-09-10	27-09-10	-	Active	NO
9	L20211WB1957PLC023493	Sarda Plywood Industries Limited	Director	23-09-11	09-05-11	-	Active	NO

Name :

Mr, Arvind Pandalai

Designation :

Whole Time Director

Address :

B 260, Janpath Andalkar, Block Asian Games, Khelgaon Marg, New Delhi – 110049, India

Date of Birth/Age :

10.15.1949

Date of Appointment :

29.11.2008

DIN No.:

00352809

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	L74899DL1956GOI002674	The State Trading Corporation of India Limited	Managing director	17-09-97	17-09-97	22-10-08	Active	NO
2	U85110KA1982GOI005013	STCL Limited	Director	20-01-99	20-01-99	-	Active	NO
3	U15419WB1986PLC040729	Keventer Agro Limited	Whole-time director	01-04-11	29-11-08	-	Active	NO
4	L17124MH1986PLC166615	Indo Rama Synthetics (India) Limited	Director	11-09-09	20-07-09	-	Active	NO
5	L15141MP1985PLC003171	K.S.Oils Limited	Additional director	11-02-11	11-02-11	-	Active	NO
6	U01111DL2006PTC146082	Chetanya Horticultures Private Limited	Additional director	10-03-11	10-03-11	-	Active	NO

Name :

Me. Sumit Krishna Deb

Designation :

Director

Address :

37A, Raja Naba Kissen Street, Kolkata – 700005, West Bengal, India

Date of Birth/Age :

24.11.1981

Date of Appointment :

30.01.1996

DIN No.:

00524590

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	U15209WB1991PLC051980	Metro Dairy Limited	Managing director	25-11-09	10-06-91	-	Active	NO
2	U15419WB1986PLC040729	Keventer Agro Limited	Director	30-01-96	30-01-96	-	Active	NO
3	U51909WB1986PLC040529	West Bengal State Food Processing and Horti Culture Dev Corporation Limited	Director	13-07-98	13-07-98	-	Active	NO

Name :

Mr. Mahendra Kumar Jalan

Designation :

Chairman Cum Managing Director

Address :

15, Belevedere Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

08.03.1948

Qualification :

B.Com

Date of Appointment :

29.05.1986

DIN No.:

00598710

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	L51909WB1982PLC035468	MKI Enterprises Limited	Managing director	01-04-08	22-11-82	-	Active	NO
2	U15419WB1986PLC040729	Keventer Agro Limited	Director	29-05-86	29-05-86	-	Active	NO
3	L10000WB1936PLC008775	Khaitan (India) Limited	Director	20-03-90	20-03-90	-	Active	NO
4	U05004WB1989PTC047399	Sutanutti Farms Private Limited	Director	21-05-90	21-05-90	15-02-10	Active	NO
5	L45209WB1983PLC035740	MKI Developers Limited	Director	11-08-90	11-08-90	-	Active	NO
6	U15209WB1991PLC051980	Metro Dairy Limited	Director	10-06-91	10-06-91	-	Active	NO
7	L51909WB1983PLC036288	Madanlal Limited	Director	01-01-93	01-01-93	16-08-10	Active	NO
8	L51109WB1974PLC029635	Right Address Limited	Director	11-04-94	11-04-94	-	Active	NO
9	U74999DL1985PLC021167	Twenty First Century Securities Limited	Director	30-12-94	30-12-94	-	Not Available for eFiling	NO
10	L67120WB1985PLC075585	Twenty First Century Securities Limited	Director	30-12-94	30-12-94	16-08-10	Active	NO
11	U45201WB1995PLC067263	Bengal NRI Complex Limited	Director	09-01-95	09-01-95	-	Active	NO
12	U70101WB1993PTC059673	Karan Housing Projects Limited	Director	14-03-95	14-03-95	16-08-10	Active	NO
13	U35114WB1995PTC069392	Bengal Port Private Limited	Director	15-03-95	15-03-95	-	Active	NO
14	U51909WB1994PTC061581	Sarvesh Housing Projects Private Limited	Director	15-04-96	15-04-96	16-08-10	Active	NO
15	U36101TN1982PTC009271	Madras Leasing Co Private Limited	Director	18-03-97	18-03-97	16-08-10	Active	NO
16	U45201DL1980PTC010882	Cambridge Construction ( Delhi ) Limited	Director	21-04-97	21-04-97	-	Active	NO
17	U27104TN1982PTC009272	Madras Industrial Castings Private Limited	Director	30-09-97	30-09-97	16-08-10	Active	NO
18	U51909WB1995PLC067394	MKI Tradex Limited	Managing director	01-01-08	30-05-01	-	Active	NO
19	U70101WB1994PLC061579	Keventer Projects Limited	Director	16-03-02	16-03-02	-	Active	NO
20	U51109WB2002PLC095474	Keventer Fresh Limited	Director	04-12-02	04-12-02	-	Amalgamated	NO
21	U24210MH2003PTC138528	Kulpi Port Holding Private Limited	Director	22-03-04	22-03-04	-	Active	NO
22	U70109WB1995PLC068434	Dankuni Projects Limited	Director	16-08-05	16-08-05	-	Active	NO
23	U45201MH2006PTC162970	Eastern Gateway Terminals Private Limited	Director	27-09-07	02-08-06	-	Active	NO
24	U85300WB1926GAP005585	Indian Chamber of Commerce Calcutta	Director	30-06-08	30-06-08	27-06-09	Active	NO
25	U74999WB2010PLC150527	Keventer Foodpark Infra Limited	Director	17-06-10	17-06-10	-	Active	NO
26	U24236WB1991PLC050927	Priya Health Care Limited	Additional director	16-05-11	16-05-11	-	Active	NO

Name :

Mr. Mayank Jalan

Designation :

Managing Director

Address :

15, Belevedere Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

15.09.1981

Qualification :

Mechanical Engineering (B. Engineering)

Date of Appointment :

01.07.2003

DIN No.:

00598842

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	U15419WB1986PLC040729	Keventer Agro Limited	Managing director	01-04-09	01-07-03	-	Active	NO
2	U51109WB2002PLC095474	Keventer Fresh Limited	Director	01-07-03	01-07-03	-	Amalgamated	NO
3	U51909WB1995PLC067394	Mkj Tradex Limited	Director	20-08-03	20-08-03	-	Active	NO
4	U70101WB1994PLC061579	Keventer Projects Limited	Director	17-09-03	17-09-03	-	Active	NO
5	L51909WB1982PLC035468	MKI Enterprises Limited	Director	27-05-05	27-05-05	-	Active	NO
6	U70109WB1995PLC068434	Dankuni Projects Limited	Director	16-08-05	16-08-05	-	Active	NO
7	U74920MH1999PTC120597	Miel E-Security Private Limited	Director	29-09-05	29-09-05	28-09-07	Active	NO
8	U70102MH2006PTC161884	Riddhi Siddhi Mall Management Private Limited	Director	09-11-07	01-11-06	15-06-11	Active	NO
9	U74900WB2009PLC135933	Gama Hospitality Limited	Director	17-06-09	17-06-09	-	Active	NO
10	U74999WB2010PLC150527	Keventer Foodpark Infra Limited	Director	17-06-10	17-06-10	-	Active	NO
11	U74899DL1994PLC058883	Candico (India) Limited	Whole-time director	09-10-10	01-10-10	-	Active	NO
12	U74900WB2011PTC158395	Carso India Labs Private Limited	Director	02-02-11	02-02-11	-	Active	NO
13	U74999WB2011PLC158466	Keventer Dairy Limited	Director	03-02-11	03-02-11	-	Active	NO
14	U24236WB1991PLC050927	Priya Health Care Limited	Additional director	16-05-11	16-05-11	-	Active	NO
15	U15209WB1991PLC051980	Metro Dairy Limited	Director appointed in casual vacancy	29-06-11	29-06-11	-	Active	NO

Name :

Mr. Rajeev Varma

Designation :

Whole Time Director

Address :

G12, Sector 41, Noida – 201303, Uttar Pradesh, India

Date of Birth/Age :

11.04.1949

Qualification :

B. Sc, MBA, FCMI (U.K), PHD

Date of Appointment :

01.12.2010

DIN No.:

00944163

Name :

Mr.Suresh Kumar Sureka

Designation :

Director

Address :

6, Sarat Bose Road, 1E, Lansdown Heights, Kolkata – 700020, West Bengal, India

Date of Birth/Age :

03.12.1945

Date of Appointment :

16.05.2005

DIN No.:

01129853

KEY EXECUTIVES

Name :	Mr. Sanjay Dua
Designation :	Vice President Sales and Marketing
Date of Birth/Age :	04.05.1967
Qualification :	B. Sc with Honours in Economic
Name :	Mr. Sanjay Gupta
Designation :	Vice President Finance and Marketing
Date of Birth/Age :	17.04.1969
Qualification :	B.Com, ACA, ACS, Graduate, ICWA
Name :	Mr. C.J Chhabra
Designation :	Sr. Vice President Exports
Name :	Mr Saurabh Jajodia
Designation :	GM
Date of Birth/Age :	17.09.1981
Name :	Mr. P Naha
Designation :	Senior Manager, Personnel
Date of Birth/Age :	12.03.1964
Qualification :	Graduation in B. Sc, LLB, CLW, DSW, IRPM, PGDHRM
Name :	J R Panchal
Designation :	GM Works
Date of Birth/Age :	31.07.1958
Qualification :	Diploma in Electrical Engineering

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Edward Keventer Private Limited, India	1385416
Shashi Prava Jalan	218750
Mahendra Kumar Jalan	234385
Jalan M K and Others	130208
Madanlal Limited , India	417708
M K J Developers Limited , India	1835200
V Venkatramani	10
Bonod Chotumal Maroti	10
Pallab Amit Ghatak	10
Amit Prakash Om Varma	10
Sunit Krishna Rabindra Deb	10
M K J Enterprises Limited, India	5146473
The Right Address Limited, India	177083
Sarvash Housing Projects Private Limited , India	468750
Mayank Mahendra Kumar Jalan	808159
Sanjay Haryan Satya Gupta	9
Priya Health Care Limited, India	951048
TOTAL	11773239

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2010

Category	Percentage
Bodies corporate	88.00
Directors or relatives of Directors	12.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturers and exporters of Alphonso Mango Pulp, Totapuri Mango Pulp, Guava Pulp, Sesame Seeds, Bakery Ingredients
Products :	Alphonso Mango Pulp Totapuri Mango Pulp Guava Pulp Sesame Seeds Bakery Ingredients
Brand Names :	FROOTI

PRODUCTION STATUS

As on 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Fruit Juice	KL	NA	72000	23273
Packaged Drinking Water	KL	NA	40894	7618
Oil	KL	NA	86486	-
Ripening/ Cooling Chambers	MT	36500	32329	1474

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Axis Bank Limited, Corporate Banking Branch, 1, Shakespeare Sarani, AC Market, 3^rd Floor, Kolkata – 700071, West Bengal, India
• Allahabad Bank, Industrial Finance Branch, 17, R.N Mukherjee Road, 4^th Floor, Kolkata – 700001, West Bengal, India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Terms Loan
From Scheduled Banks
Rupee Loan	233.608	185.505
Foreign Currency Loan	45.140	0.000
From Body Corporate	0.444	0.807
Deferred Payments Credit From a Supplier	13.375	16.850
Working Capital Facilities from Scheduled Banks
1 In Rupees	66.321	178.250
2 In Foreign Currency	89.244	0.000
Total	448.132	381.412
Notes : 1. Term loan from bank are secured/ to be secured as under (a) Rs. 270.620 Millions (Rs. 153.124 Millions) by equitable mortgage hypothecation of the entire immovable/ movable assets of the Company, situated at Barasat, West Bengal, excluding plant and machinery with Gross Block of Rs.42.362 Millions acquired on deferred payment credit. (b) Rs. NIL ( Rs. 29.899 Million) secured by hypothecation/ mortgage charge over movable/ immovable fixed assets relating to sesame project, at Sanand, Gujarat and out of the above , Rs. NIL (Rs. 14.026 Millions) are further secured by extension of charge on land owned by Edward Keventer Private Limited (Shareholder ) (C) Rs. 8.127 millions (Rs. 2.483 millions) by hypothecation of respective vehicles acquired out of bank finance. 2. Term Loan from a Body Corporate is secured by hypotheca on of vehicles purchased against the said loan. 3 Deferred Payment credit is secured by hen on Plant and Ma hinery acquired from the supplier 4 Working Capital Facilities are secured/ to be secured by hypothecation of entire (both present and future) stock of Raw Materials, Semi Finished Goods, Finished Good and other current assets of the company and also secured by way of extension of charge (both present and future) over immovable/ movable assets of the an Company situated at Barasat, West Bengal. 5. Bank loans are also secured to the extent of Ra. 426.185 millions (Rs.361.272 millions) by personnel gurantee of the promoter directors and Rs. 231.046 millions (Ra. 361.272 millions) by corporate guarantee of Edward Keventer Private Limited (A Shareholder Company) 6. Term loans and deferred payment credit repayable within o e year are Rs.47.803 millions (Rs.60.068 millions).
Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Short Term Loan From a Scheduled Bank	100.000	75.000
Interest Free Loans From :
A Shareholder	40.100	0.000
Bodies Corporate	93.450	0.000
Total	233.550	75.000

Banking Relations :	--
Auditors :
Name :	S. R. Batlibol and Company Chartered Accountant
Address :	22, Camac Street, 3^rd Floor, Kolkata – 700016, West Bengal, India
Tel. No.:	91-33-66153400
Fax No.:	91-33-22817750
PAN.:	AALFS0506L
Associates :	Keventer Fresh Limited
Joint Venture :	Metro Dairy Limited Riddhi Siddhi Mall Management Private Limited Gama Hospitality Private Limited
Key Management Personnel and Their Relatives :	MKJ Enterprise Limited Edward Keventer Private Limited Keventer Prijects Limited DSK Real Estate Limited Portside Estates Limited The Right Address Limited Bengal NRI Complex Limited MKJ Tradex Limited

CAPITAL STRUCTURE

As on 30.09.2010

No. of Shares	Type	Value	Amount
12500000	Equity Shares	Rs.10/- each	Rs. 125.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11773239	Equity Shares	Rs.10/- each	Rs. 117.732 Millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
7999655	Equity Shares	Rs.10/- each	Rs. 79.997 Millions

Notes : Including 715656 (300070) Equity Shares allotted for consideration other than cash of which 415586 equity shares have been issued to the shareholder of the amalgamating company Keventer Fresh Limited

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		79.997	75.841	75.841
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		342.150	212.312	154.363
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		422.147	288.153	230.204
LOAN FUNDS
1] Secured Loans		448.132	381.412	370.886
2] Unsecured Loans		233.550	75.000	0.000
TOTAL BORROWING		681.682	456.412	370.886
DEFERRED TAX LIABILITIES		22.117	16.666	10.122
TOTAL		1125.946	761.231	611.212
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		659.893	351.702	324.924
Capital work-in-progress including Capital Advances		8.361	37.577	60.315
INVESTMENT		30.058	50.258	50.258
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	240.060	157.067	120.115
	Sundry Debtors	152.427	88.662	145.109
	Cash & Bank Balances	14.194	106.906	14.101
	Other Current Assets	1.536	2.447	0.000
	Loans & Advances	244.403	81.642	56.095
Total Current Assets		652.620	436.724	335.420
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	166.222	90.682	131.043
	Other Current Liabilities	40.436	10.416	19.266
	Provisions	18.328	13.932	9.396
Total Current Liabilities		224.986	115.030	159.705
Net Current Assets		427.634	321.694	175.715
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1125.946	761.231	611.212

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1735.966	1196.127	1127.319
		Other Income	49.171	5.149	7.248
		TOTAL (A)	1785.137	1201.276	1134.567
Less	EXPENSES
		Cost of Goods Sold	1198.316	776.002	793.599
		Increase in Excise Duty and Cess on Finished Goods	(0.154)	(0.117)	0.151
		Personnel Expenses	98.907	62.410	51.327
		Manufacturing, Administrative, Selling and Distribution Expenses	299.155	224.222	210.060
		Prior Period Expenditure	0.000	1.119	0.190
		TOTAL (B)	1596.224	1063.636	1055.327
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		188.913	137.640	79.240
Less	FINANCIAL EXPENSES (D)		59.077	39.493	41.685
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		129.836	98.147	37.555
Less/ Add	DEPRECIATION/ AMORTISATION (F)		39.825	28.266	25.116
	PROFIT BEFORE TAX (E-F) (G)		90.011	69.881	12.339
Less	TAX (H)		19.572	11.147	(0.947)
	PROFIT AFTER TAX (G-H) (I)		70.439	58.734	13.286
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		95.440	66.705	53.419
Less	Profit and loss account debit balance as on 01.04.2009 of erstwhile Keventer Fresh Limited		22.608	0.000	0.000
Add	Deferred Tax Assets not recognized in the book of KFL		5.494	0.000	0.000
Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	30.000	0.000
		Balance in Profit and Loss Account	148.765	95.439	66.705
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports	627.939	390.342	266.891
	TOTAL EARNINGS		627.939	390.342	266.891
	IMPORTS
		Raw Materials	1.847	0.000	0.000
		Stores & Spares	0.246	2.750	0.950
		Trading Goods	10.647	0.168	2.351
		Finished Goods	0.000	5.001	0.000
		Capital Goods	1.509	7.919	0.000
	TOTAL IMPORTS		14.249	15.838	3.301
	Earnings Per Share (Rs.)		8.81	7.74	1.81

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	3.95	4.89	1.17
Net Profit Margin (PBT/Sales)	(%)	5.19	5.84	1.09
Return on Total Assets (PBT/Total Assets}	(%)	6.86	8.86	2.55
Return on Investment (ROI) (PBT/Networth)		0.21	0.24	0.05
Debt Equity Ratio (Total Liability/Networth)		2.15	1.98	2.30
Current Ratio (Current Asset/Current Liability)		2.90	3.80	2.10

LOCAL AGENCY FURTHER INFORMATION

FORM 8

Corporate identity number of the company	U15419WB1986PLC040729
Name of the company	KEVENTER AGRO LIMITED
Address of the registered office or of the principal place of business in India of the company	Sagar Estate, 4^th Floor, 2 Nochive Ghat Street, Hare Street, Kolkata – 700001, West Bengal, India Email : keventerho@keventer.com
This form is for	Modification of charge
Type of charge	Book Debts Movable Property (not being pledge)
Particular of charge holder	Axis Bank Limited, Corporate Banking Branch, 1, Shakespeare Sarani, AC Market, 3^rd Floor, Kolkata – 700071, West Bengal, India Email : Subhro.Sen@axisbank.com
Nature of instrument creating charge	Deed of Hypothecation of Current Assets (Stock And Book Debts)
Date of instrument Creating the charge	11.08.2011
Amount secured by the charge	Rs. 100.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest : Interest will be charged for Short Term Loan at Base Rate + 1.00% p.a. i.e. Presently at 10.50% p.a. payable at monthly rests. Terms of Repayment: 180 days from each tranche of disbursement. Margin: NA Extent and Operation of the charge: Subservient charge basis on stocks of raw materials, stock in process, finished goods, stores, receivables and all current assets of the company, both present and future.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Subservient charge basis on all the stock in trade, both present and future consisting stock including RMs, SIP, FGs, cash and other current assets and Outstanding, monies, receivables, claims and bills etc.

CONTINGENT LIABILITY NOT PROVIDE FOR:

a) Letter of credit outstanding Rs. 5.405 Millions (Rs. NIL)

b) Bills discounted with bank Rs. 12.388 Millions (Rs NIL)

c) Income Tax matters Rs. 26.771 Millions (Rs. 28.889 Millions)

d) 1) Gurantees given by the company for loan obtained by other companies having a significant influence and one of them is also a shareholder in the company, which has also been approved by the shareholder of the company in their meeting held on 29^th November 2008 to the follwing companies :

· MKJ Tradex Limited Rs. 257.500 Millions (Rs 257.500 Millions)

· Edward Keventer Private Limited Rs. 47.500 Millions (Rs. 47.500 Millions)

2) Gurantee given by the company to an associates company Rs. NIL (Rs. 192.500 Millions)

FIXED ASSETS

Intangible Assets

• Commercial Right

Tangible Assets

• Freehold Land
• Building
• Plant and Machinery
• Furniture and Fixture
• Office and Other Equipment
• 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.51.35
UK Pound	1	Rs.80.97
Euro	1	Rs.69.26

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--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		47

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.