MIRA INFORM REPORT

Report Date :

10.12.2012

IDENTIFICATION DETAILS

Name :	AMIRA PURE FOODS PRIVATE LIMITED (w.e.f. 24.04.2012)
Formerly Known As :	AMIRA FOODS PRIVATE LIMITED (w.e.f. 02.04.2012) AMIRA FOODS LIMITED (w.e.f. 25.11.2011) AMIRA FOODS (INDIA) LIMITED (w.e.f. 28.05.2008) AMIRA AGRO SEZ AND INFRASTRUCTURE LIMITED (w.e.f. 24.03.2008) AMIRA FOODS (INDIA) LIMITED
Registered Office :	B-I/E-28, Mohan Cooperative Industrial Estate, New Delhi-110044
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	20.12.1993
Com. Reg. No.:	21-056536
Capital Investment / Paid-up Capital :	Rs. 129.800 millions
CIN No.: [Company Identification No.]	U74899DL1993PTC056536
PAN No.: [Permanent Account No.]	AAACA2200M
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Cereals, Food Grains and Milk Dairy Products.
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 6325000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. The management of the company has not filed with its latest financial i.e. 2011-2012. From the financial of 2011, the company seems to be doing well. Trade relations are reported as fair. Business is active. Payment are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual trade terms and condition.

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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	B-I/E-28, Mohan Cooperative Industrial Estate, New Delhi-110044, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	namita.bhatnagar@amirafoods.com amirafoods@amirafoods.com
Website :	www.amirafoods.com
Head Office :	54, Prakriti Marg, M.G. Road, New Delhi- 110030, India
Tel. No.:	91-11-46057560
Fax No.:	91-11-46057570
E-Mail :	amirafoods@amirafoods.com
Factory :	21^st Milestone, Pataudi Road, Harsaru District Gurgaon-123505, Haryana, India
Tel. No.:	91-124 2276472 -73 -74
Fax No.:	91-124 2276484 / 2276482

DIRECTORS

As on 30.09.2011

Name :

Mr. Karan Anil Chanana

Designation :

Managing director

Address :

36, Prakriti Marg, M.G. Road, New Delhi -110030, India

Date of Birth/Age :

18.10.1972

Date of Appointment :

31.01.2012

DIN No.:

00005889

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Director	31/01/2012	09/06/1994	-	Active	NO
2	U45202KA1994PTC016736	SURUTI HOLDINGS PRIVATE LIMITED	Director	15/12/1994	15/12/1994	16/06/2008	Active	NO
3	U72200DL2000PTC103953	Amira Info Technologies Private Limited	Director	24/02/2004	24/02/2004	-	Active	NO
4	U72900DL2000PTC105989	AD-E BISS.COM PRIVATE LIMITED	Director	11/11/2004	11/11/2004	-	Active	NO
5	U51909DL2005PTC140673	KINETIC EXPORTS PRIVATE LIMITED	Director	13/09/2005	13/09/2005	05/11/2011	Active	NO
6	U70109DL2006PTC151948	AMIRA INFRAA STRUCTURE PRIVATE LIMITED	Director	11/08/2006	11/08/2006	-	Active	NO
7	U51109DL2006PLC155514	AMIRA ENTERPRISES LIMITED	Director	15/11/2006	15/11/2006	-	Active	NO
8	U51909HR1997PTC042167	ANCIENT CONSTRUCTION AND SECMARK PRIVATE LIMITED	Director	29/09/2007	19/03/2007	20/08/2008	Active	NO
9	U45203CT2007PTC020398	KNC ENTERPRISES PRIVATE LIMITED	Director	09/10/2007	09/10/2007	24/01/2012	Active	NO
10	U40106DL2008PTC178780	AMIRA RENERGY PRIVATE LIMITED	Director	29/05/2008	29/05/2008	-	Active	NO
11	U45200DL2008PTC180819	AMIRA SEZ AND INFRASTRUCTURE PRIVATE LIMITED	Director	11/07/2008	11/07/2008	-	Active	NO
12	U51909DL2010PTC201353	ANANTYAA ENTERPRISE PRIVATE LIMITED	Director	09/04/2010	09/04/2010	-	Active	NO
13	U51909DL2010PLC201799	Amira Enterprises India Limited	Director	21/04/2010	21/04/2010	-	Active	NO
14	U15122DL2011PTC218809	SHARBATI ENTERPRISES PRIVATE LIMITED	Director	09/05/2011	09/05/2011	-	Active	NO

Name :

Ms. Anita Daing

Designation :

Whole-time director

Address :

R-806, New Rajinder Nagar, New Delhi-110060, India

Date of Birth/Age :

04/12/1953

Date of Appointment :

01.01.2008

DIN No.:

00005916

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U18101DL1981PTC011616	YOU-N-ME PVT LTD	Director	15/07/1983	15/07/1983	-	Active	NO
2	U45201DL1996PTC077257	SPARROW PROPERTIES PRIVATE LIMITED	Director	19/03/1996	19/03/1996	-	Active	NO
3	U01111DL1990PTC041801	KARAM CHAND AND COMPANY PRIVATE LIMITED	Director	27/07/1996	27/07/1996	-	Strike off	NO
4	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Whole-time director	01/01/2008	24/09/1996	-	Active	NO
5	U65993DL1998PTC097030	AMIRA INVESTMENTS PVT LTD	Director	11/11/1998	11/11/1998	-	Active	NO
6	U51909HR1997PTC042167	ANCIENT CONSTRUCTION AND SECMARK PRIVATE LIMITED	Director	30/11/2002	30/11/2002	20/08/2008	Active	NO
7	U74899DL1994PTC063492	SHREE NATH SHARES PRIVATE LIMITED	Director	06/11/2004	06/11/2004	30/11/2012	Active	NO
8	U74899DL1993PTC054944	ARC Hospitality Private Limited	Director	20/08/2005	20/08/2005	01/02/2007	Active	NO
9	U85110KA1999PLC024629	CALLEO CONSOLIDATED TECHNOLOGIES LIMITED	Director	20/10/2005	20/10/2005	-	Active	NO
10	U70109DL2006PTC151948	AMIRA INFRAA STRUCTURE PRIVATE LIMITED	Director	11/08/2006	11/08/2006	-	Active	NO
11	U51109DL2006PLC155514	AMIRA ENTERPRISES LIMITED	Director	15/11/2006	15/11/2006	-	Active	NO
12	U70101DL2005PTC140938	A.K. DWELLERS PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Converted to LLP and dissolved	NO
13	U40106DL2008PTC178780	AMIRA RENERGY PRIVATE LIMITED	Director	29/05/2008	29/05/2008	-	Active	NO
14	U13100DL2005PTC140847	PEGASUS MINERALS AND METALLOYS PRIVATE LIMITED	Additional director	10/04/2010	10/04/2010	12/07/2010	Active	NO
15	U51909DL2010PLC201799	Amira Enterprises India Limited	Director	21/04/2010	21/04/2010	-	Active	NO
16	AAB-2333	KARAM PROCON LLP	Designated Partner	29/11/2012	29/11/2012	-	Active	NO

Name :

Mr. Anil Gupta

Designation :

Director

Address :

B-67, Defence Colony, New Delhi-110024, India

Date of Birth/Age :

28.11.1951

Date of Appointment :

30.11.2006

DIN No.:

00032137

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1989PTC034595	ARUN ESTATE PRIVATE LIMITED	Director	01/03/1990	01/03/1990	-	Active	NO
2	U74899DL1991PTC043393	M G S INDIA PRIVATE LIMITED	Managing director	01/07/1994	01/07/1994	-	Active	NO
3	U74899DL1994PTC060565	FARGO ESTATES PRIVATE LIMITED	Director	29/07/1994	29/07/1994	-	Active	NO
4	U70101DL1995PTC070885	GRAND ESTATES PRIVATE LIMITED	Director	18/07/1995	18/07/1995	-	Active	NO
5	U70101DL1996PTC077414	BOULDER ESTATES PRIVATE LIMITED	Director	21/03/1996	21/03/1996	-	Active	NO
6	U70101DL1996PTC077960	BASE ESTATES PRIVATE LIMITED	Director	09/04/1996	09/04/1996	-	Active	NO
7	U35122DL1996PTC077965	ARCH PROMOTERS PRIVATE LIMITED	Director	09/04/1996	09/04/1996	23/06/2012	Active	NO
8	U70109DL1998PTC094730	RED BRICKS PROPERTIES PRIVATE LIMITED	Director	29/06/1998	29/06/1998	-	Active	NO
9	U45201DL1998PTC097490	BLUE SKY ESTATES PRIVATE LIMITED	Director	16/12/1998	16/12/1998	20/09/2008	Active	NO
10	U74899DL2000PLC104965	ZEIT TECHNOLOGIES LIMITED	Director	23/05/2000	23/05/2000	-	Active	NO
11	U55101DL1998PTC093934	ARCHER CLUBS PRIVATE LIMITED	Director	03/08/2001	03/08/2001	-	Active	NO
12	U74899DL2000PTC104060	LEGION CLUBS PRIVATE LIMITED.	Director	01/07/2002	01/07/2002	-	Active	NO
13	U55101DL2003PTC118852	CHEQUERS RESORTS PRIVATE LIMITED	Director	07/02/2003	07/02/2003	23/10/2009	Active	NO
14	U74999DL2002PLC114222	METRO WILHELM GREWE INDIA LIMITED	Director	02/05/2003	02/05/2003	-	Active	NO
15	U74899DL1990PTC041744	SIDDHI FINLEASE PRIVATE LIMITED	Director	01/11/2004	01/11/2004	20/09/2007	Active	NO
16	U55101DL2003PTC119216	MGS HOSPITALITIES PRIVATE LIMITED	Director	03/03/2005	03/03/2005	-	Active	NO
17	U45203DL2005PTC134604	ABODE INFRASTRUCTURE PRIVATE LIMITED	Director	01/04/2005	01/04/2005	-	Active	NO
18	U45203DL2005PTC134603	AGILE CONSTRUCTION PRIVATE LIMITED	Director	01/04/2005	01/04/2005	-	Active	NO
19	U45201DL2005PTC134717	BLOSSOM INFRASTRUCTURE PRIVATE LIMITED	Director	05/04/2005	05/04/2005	-	Active	NO
20	U45201DL2005PTC135335	ACUMEN INFRASTRUCTURE PRIVATE LIMITED	Director	25/04/2005	25/04/2005	01/05/2008	Active	NO
21	U45201DL1996PTC084057	D Y DEVELOPERS PRIVATE LIMITED	Director	05/05/2005	05/05/2005	-	Active	NO
22	U45201DL2005PTC136382	DELIGHT DEVELOPERS PRIVATE LIMITED	Director	18/05/2005	18/05/2005	-	Active	NO
23	U45201DL2005PTC137885	PETAL INFRASTRUCTURE PRIVATE LIMITED	Director	22/06/2005	22/06/2005	10/10/2008	Active	NO
24	U45201DL2005PTC138095	ACORN INFRASTRUCTURE PRIVATE LIMITED	Director	28/06/2005	28/06/2005	01/02/2008	Active	NO
25	U74899DL2005PTC141551	FARGO DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED	Director	06/10/2005	06/10/2005	-	Active	NO
26	U74899DL2006PTC144439	ANIMATE INFRASTRUCTURE PRIVATE LIMITED	Director	03/01/2006	03/01/2006	01/05/2008	Active	NO
27	U45201DL2006PTC144783	VANTAGE BUILDWELL PRIVATE LIMITED	Director	13/01/2006	13/01/2006	-	Active	NO
28	U70101DL1996PTC077966	ASSENT PROPERTIES PRIVATE LIMITED	Director	06/03/2006	06/03/2006	31/03/2012	Active	NO
29	U92120DL2006PTC147286	MOVISCORP FILM PRODUCTION PRIVATE LIMITED	Director	09/03/2006	09/03/2006	-	Active	NO
30	U93091DL2006PTC149699	FARGO FACILITIES MANAGEMENT PRIVATE LIMITED	Director	29/09/2007	13/06/2006	-	Active	NO
31	U70101DL1996PTC080567	V.D.ESTATES PRIVATE LIMITED	Director	19/08/2006	19/08/2006	-	Active	NO
32	U70101DL1996PTC079044	SWAD PROPERTY PRIVATE LIMITED	Director	28/08/2006	28/08/2006	-	Active	NO
33	U74899DL1996PTC079041	SPARSH PROPERTY PRIVATE LIMITED	Director	28/08/2006	28/08/2006	-	Active	NO
34	U74899DL1995PTC073255	DEWDROPS PROPERTIES PRIVATE LIMITED	Director	28/08/2006	28/08/2006	-	Active	NO
35	U45201DL2005PTC136383	ELEVATE DEVELOPERS PRIVATE LIMITED	Director	29/09/2007	04/10/2006	-	Active	NO
36	U45201DL2006PTC147197	ARDENT INFRASTRUCTURE & DEVELOPERS PRIVATE LIMITED	Director	29/09/2007	16/11/2006	-	Active	NO
37	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
38	U72300DL2007PTC160320	MAAN SOFTECH PRIVATE LIMITED	Director	08/03/2007	08/03/2007	-	Active	NO
39	U70109DL2006PLC149704	HELIOS INFRASTRUCTURE AND PROJECTS LTD.	Director	29/09/2007	02/04/2007	-	Active	NO
40	U75144DL2007PTC162747	MGS SECURITIES PRIVATE LIMITED	Director	30/04/2007	30/04/2007	-	Active	NO
41	U70109DL2006PTC149533	JASMINE INFRACON PRIVATE LIMITED.	Director	29/09/2007	12/05/2007	-	Active	NO
42	U45201DL2006PTC147291	AZIMUTH CAPITAL PRIVATE LIMITED	Director	29/09/2007	05/07/2007	30/09/2009	Active	NO
43	U45400DL2007PTC168419	TIRUPATI BALAJI ABODES PRIVATE LIMITED	Director	19/09/2007	19/09/2007	-	Active	NO
44	U45201DL2004PTC129819	JANUS INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Director	29/09/2008	01/10/2007	-	Active	NO
45	U63090DL1994PLC168695	ROUTES TRAVEL LIMITED	Director	22/09/2008	29/10/2007	-	Active	NO
46	U70109DL2006PTC149534	MARVEL INFRACON PRIVATE LIMITED.	Director	29/09/2008	01/01/2008	-	Active	NO
47	U70200DL2009PTC189017	MGS ASSOCIATES PRIVATE LIMITED	Director	31/03/2009	31/03/2009	11/05/2012	Active	NO
48	U55101DL2009PTC189639	GREEN MANGO HOSPITALITIES PRIVATE LIMITED	Director	23/04/2009	23/04/2009	-	Active	NO
49	U45201DL2005PTC135403	DAZZLE DEVELOPERS PRIVATE LIMITED	Director	01/10/2009	01/10/2009	09/03/2010	Active	NO
50	U70100DL2012PTC235248	MAXIM BUILDCON PRIVATE LIMITED	Director	03/05/2012	03/05/2012	-	Active	NO
51	U64201DL2000PTC106024	PRECISE NETLINK PRIVATE LIMITED	Director	28/09/2012	03/08/2012	-	Active	NO
52	U45200DL2007PTC158307	PUJA BUILDWELL PRIVATE LIMITED	Director	12/10/2012	12/10/2012	-	Active	NO

Name :

Mr. Shyam Poddar

Designation :

Director

Address :

M-4, GK-II, New Delhi-110048, India

Date of Birth/Age :

18.06.1944

Date of Appointment :

26.09.2009

DIN No.:

00242119

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1992PTC048534	FOREX-CAPITAL SERVICES PRIVATE LIMITED	Whole-time director	29/04/1992	29/04/1992	-	Active	NO
2	U74140DL2006PTC157137	SAP FINCAD SOLUTIONS PRIVATE LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
3	L15140UP1989PLC011396	JVL AGRO INDUSTRIES LIMITED	Director	29/09/2007	02/07/2007	06/08/2011	Active	NO
4	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Director	26/09/2009	01/04/2009	-	Active	NO
5	U51109DL2006PLC155514	AMIRA ENTERPRISES LIMITED	Director	28/09/2009	01/04/2009	-	Active	NO
6	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	24/12/2010	24/12/2010	-	Active	NO

Name :

Mr. Rahul Sood

Designation :

Director

Address :

V-37/17, DLF, Phase-III, Gurgaon, Haryana – 122002, India

Date of Birth/Age :

13.04.1969

Date of Appointment :

30.09.2011

DIN No.:

00379895

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1994PTC060706	TIME MASTER INDIA PRIVATE LIMITED	Alternate director	19/05/1998	19/05/1998	-	Active	NO
2	U74999DL2004PTC131022	MENLO WORLDWIDE LOGISTICS INDIA PRIVATE LIMITED	Director	17/12/2004	17/12/2004	07/02/2011	Active	NO
3	U74140MH2006PTC163095	CLEARSTONE VENTURE ADVISORS PRIVATE LIMITED	Director	14/07/2006	14/07/2006	-	Active	NO
4	U55101HP1978PTC003846	VIRENDRA HOTELS AND ALLIED INDUSTRIES PVT LTD	Director	30/09/2006	30/09/2006	-	Active	NO
5	U24233HR2007PTC037028	PANTHERYX MEDICAL PRIVATE LIMITED	Director	18/07/2007	18/07/2007	26/03/2009	Active	NO
6	U72900PN2005PTC020816	MIMOSA DATA SYSTEMS (INDIA) PRIVATE LIMITED	Director	29/09/2007	31/07/2007	-	Strike off	NO
7	U74899DL1994PLC061971	SSIPL RETAIL LIMITED	Director	30/09/2008	27/03/2008	-	Active	NO
8	U74140HR2008PTC038428	HOPE ADVISORS PRIVATE LIMITED	Director	05/12/2008	05/12/2008	-	Active	NO
9	U74900MH2009PTC190718	GIL SERVICES PRIVATE LIMITED	Director	05/03/2009	05/03/2009	12/07/2012	Active	NO
10	U35990HR2009PTC039735	PADMINI EMT TURBO ELEMENTS PRIVATE LIMITED	Director	24/11/2009	24/11/2009	-	Active	NO
11	U74140DL2007PTC164973	MAZARS ADVISORY PRIVATE LIMITED	Director	29/03/2010	29/03/2010	04/10/2010	Active	NO
12	U74140DL2007PTC167463	ATHENA CAPITAL ADVISORS PRIVATE LIMITED.	Director	24/09/2010	24/09/2010	-	Active	NO
13	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Director	30/09/2011	01/03/2011	-	Active	NO
14	U74999DL2012PTC236044	JMD LUXURY PRIVATE LIMITED	Director	17/05/2012	17/05/2012	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Namita Bhatnagar
Designation :	Company Secretary
Address :	2050, Sector-7, Faridabad, Haryana-121006, India
Date of Birth/Age :	19.06.1978
Date of Appointment :	14.02.2011

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Anil Chanana	312500
Anil Chanana (Beneficial Owner Karam Industries)	1113134
Karan A Chanana	5601772
Agro Ventures (Mauritius) Limited	1500000
Radhika Chanana	10092
Amira Info Technologies Private Limited	1
Amira Enterprises Limited	4442475
Amira Infraa Structure Private Limited	1
Total	12979975

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	11.56
Bodies corporate	34.22
Directors or relatives of Directors	54.22
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Cereals, Food Grains and Milk Dairy Products.

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Milling	Tonne	N.A.	180000	99799
Processing	Tonne	N.A.	198000	151512

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Canara Bank, Prime Corporate Branch-II, World Trade Centre, Barakhamba Lane, New Delhi - 110001, India

• State Bank of India, Overseas Branch, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi - 110001, India

Facilities :

Secured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	563.355	11.350
Working capital loans banks secured	4679.665	4834.549
Total	5243.020	4845.899
Unsecured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupee term loans banks unsecured	1723.029	1377.694
Loans directors unsecured	60.124	50.955
Total	1783.153	1428.649

Banking Relations :	--
Auditors :
Name :	R. N. Marwah and Company Chartered Accountants
Address :	4/80 Janpath, New Delhi-110001, India
PAN No.:	AAAFR9496F
Subsidiaries :	Amira Foods PTE Limited Amira Foods INC. Amira Foods SDN BHD (Step Down Subsidiary) Amira Foods DMCC
Enterprises Significantly Influence by Key Management Personnel and Relatives :	Amira Enterprises Limited Kinetic Exports Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs. 250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12979975	Equity Shares	Rs.10/- each	Rs. 129.800 Millions

After 30.09.2011

Authorised Capital : Rs. 1550.000 millions

Issued, Subscribed & Paid-up Capital : Rs. 660.825 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		129.800	129.800	106.804
2] Share Application Money		0.000	0.000	53.200
3] Reserves & Surplus		1451.506	1249.933	868.529
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1581.306	1379.733	1028.533
LOAN FUNDS
1] Secured Loans		5243.020	4845.899	3118.282
2] Unsecured Loans		1783.153	1428.649	1060.327
TOTAL BORROWING		7026.173	6274.548	4178.609
DEFERRED TAX LIABILITIES		110.506	68.224	39.510
TOTAL		8717.985	7722.505	5246.652
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1181.179	881.034	424.413
Capital work-in-progress		272.716	485.930	213.500
INVESTMENT		37.529	37.261	66.806
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6112.607	6445.243	3875.623
	Sundry Debtors	2595.948	1383.723	1270.068
	Cash & Bank Balances	591.868	104.783	73.596
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	753.654	525.414	422.155
Total Current Assets		10054.077	8459.163	5641.442
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2095.714	1813.386	770.976
	Other Current Liabilities	427.666	88.631	70.089
	Provisions	304.136	238.866	258.444
Total Current Liabilities		2827.516	2140.883	1099.509
Net Current Assets		7226.561	6318.280	4541.933
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		8717.985	7722.505	5246.652

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Sales	12160.142	9122.915	10400.736
		Export related income		125.995	78.266
		Other Income		37.109	5.649
		TOTAL (A)	12160.142	9286.019	10484.651
Less	EXPENSES
		Purchases, Material and Manufacturing Expenses	11787.151 (Including Financial Expenses)	9213.357	8726.041
		Personnel Expenses		89.055	50.890
		Administrative Expenses		122.192	86.124
		Selling and Distribution Expenses		318.974	1387.633
		Increase/ (Decrease) in Stocks		(1364.043)	(699.158)
		TOTAL (B)		8379.535	9551.530
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			906.484	933.121
Less	FINANCIAL EXPENSES (D)			597.596	560.776
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		372.991	308.888	372.345
Less/ Add	DEPRECIATION/ AMORTISATION (F)		71.372	37.718	37.007
	PROFIT BEFORE TAX (E-F) (G)		301.419	271.170	335.338
Less	TAX (H)		99.344	95.856	128.978
	PROFIT AFTER TAX (G-H) (I)		202.075	175.314	206.360
Less	Tax Adjustments		0.000	20.428	0.000
Less	Prior Period Expenses		0.000	3.536	0.035
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		640.797	509.447	323.122
	APPROPRIATIONS
		Transfer to General Reserve	20.000	20.000	20.000
	BALANCE CARRIED TO THE B/S		822.371	640.797	509.447
	EARNINGS IN FOREIGN CURRENCY
		Export of Goods	6430.480	4592.881	8072.832
	TOTAL EARNINGS		6430.480	4592.881	8072.832
	Earnings Per Share (Rs.)		15.53	13.72	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.66	1.89	1.97
Net Profit Margin (PBT/Sales)	(%)	NA	2.97	3.22
Return on Total Assets (PBT/Total Assets}	(%)	2.68	2.90	5.53
Return on Investment (ROI) (PBT/Networth)		0.19	0.20	0.33
Debt Equity Ratio (Total Liability/Networth)		6.23	6.10	5.13
Current Ratio (Current Asset/Current Liability)		3.56	3.95	5.13

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-----
22]	Litigations that the firm / promoter involved in	-----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-----
26]	Buyer visit details	-----
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

OPERATIONS

Sales of the Company for the year ended March 31, 2011, was Rs. 12160.142 millions (previous year Rs. 10650.061 millions) increased by 14.18% as compared to previous year.

CONTINGENT LIABILITIES :

(Rs. in millions)

PARTICULARS	31.03.2011
Bank Guarantee (net of margin)	150.465
Claim against the Company not acknowledged as debt
Sales Tax Demand F.Y.2004-05, 2005-06 and 2006-07	1.931
Market Fees (Gurgaon F.Y. 2004-05)	4.648

FIXED ASSETS:

• Land Freehold
• Factory Building
• Staff Rooms
• Administrative Building
• Plant and Machinery
• Storage Equipment
• Quality Control Equipment and Laboratory Equipment
• Packing and Weighing Equipment
• Generator and Boiler
• Pollution and Fire Control Equipment
• Electrical Panel and Fitting
• Office Equipment
• Furniture and Fittings
• Trade Marks
• Vehicle

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 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.54.20
UK Pound	1	Rs.86.99
Euro	1	Rs.70.22

INFORMATION DETAILS

Report Prepared by :

MRI

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	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		49

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.