MIRA INFORM REPORT

Report Date :

23.06.2012

IDENTIFICATION DETAILS

Name :	HIND AGRO INDUSTRIES LIMITED
Registered Office :	Central Dairy Farm Complex, Anupshahr Road, Aligarh – 202 122, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	31.05.1994
Com. Reg. No.:	20-16502
Capital Investment / Paid-up Capital :	Rs.331.501 Millions
CIN No.: [Company Identification No.]	U01211UP1994PLC016502
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of Fresh, Chilled And Frozen Meat and Meat Products.
No. of Employees :	350 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 3700000
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 and as per commitments. The company can be considered for normal 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 :	Central Dairy Farm Complex, Anupshahr Road, Aligarh – 202 122, Uttar Pradesh, India
Tel. No.:	91-571-2704786
Fax No.:	91-571-2701586
E-Mail :	info@hind.in sgupta.cs@hind.in sbhatia.cs@hind.in
Website :	http://www.hindagro.com
Corporate Office :	Plot No. A-1, Phase 1, Okhla Industrial Area, New Delhi – 110 020, India
Tel. No.:	91-11-26372786-92
Fax No.:	91-11-26817941-42

DIRECTORS

As on 17.09.2011

Name :

Mr. Sirajuddin Qureshi

Designation :

Managing Director

Address :

69, Siddhartha Enclave, New Delhi – 110 014, India

Date of Birth/Age :

15.06.1948

Date of Appointment :

31.05.1994

DIN No.:

00004536

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	U74899DL1984PTC018139	AL- MASHRIQ EXPORTS PRIVATE LIMITED	Director	11/05/1984	11/05/1984	-	Active	NO
2	L74899DL1973PLC006667	HIND INDUSTRIES LIMITED	Managing director	6/08/2011	6/08/1988	-	Active	NO
3	U74899DL1990PTC042197	EATCCO FOODS PRIVATE LIMITED	Director	27/11/1990	27/11/1990	-	Active	NO
4	U74899DL1991PTC045366	SAMAR TRAVELS AND CARGO PRIVATE LIMITED	Director	14/08/1991	14/08/1991	-	Active	NO
5	U17292DL1993PTC054933	MAK ENTERPRISE PRIVATE LIMITED	Director	20/08/1993	20/08/1993	-	Active	NO
6	U74899DL1994PLC058302	HIND INFRA ENGINEERS LIMITED	Director	6/04/1994	6/04/1994	-	Active	NO
7	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Managing director	6/09/2009	31/05/1994	-	Active	NO
8	U74899DL1994PTC062669	HIND FINCAP PRIVATE LIMITED	Director	11/11/1994	11/11/1994	-	Active	NO
9	U62100DL1996PTC077892	HIND AIR SERVICES PRIVATE LIMITED	Director	8/04/1996	8/04/1996	-	Active	NO
10	U13209DL1996PTC080816	HIND SOILS PRIVATE LIMITED	Director	1/08/1996	1/08/1996	-	Active	NO
11	U67120DL1994PTC061796	NEPTUNE CAPITAL MANAGEMENT COMPANY PRIVATE LIMITED	Director	27/10/1997	27/10/1997	-	Active	NO
12	U63040DL1997PTC091244	HIND AIR STAR PRIVATE LIMITED	Director	19/12/1997	19/12/1997	1/01/2010	Active	NO
13	U63040DL1997PTC091243	HIND AIR EXPRESS PRIVATE LIMITED	Director	19/12/1997	19/12/1997	-	Active	NO
14	U63040DL1997PTC091241	HIND AIRWAYS PRIVATE LIMITED	Director	19/12/1997	19/12/1997	-	Active	NO
15	U70101DL1998PTC091449	HIND AIR LINK PRIVATE LIMITED	Director	1/01/1998	1/01/1998	-	Active	NO
16	U28991WB1984PTC037132	NEETI ISHPAT PRIVATE LIMITED	Director	14/08/2001	14/08/2001	-	Active	NO
17	U01300DL1996PLC082843	AGRIOTEK FOODS LIMITED	Director	1/04/2002	1/04/2002	-	Active	NO
18	U74999DL2003NPL122812	INDIA-KUWAIT CHAMBER OF COMMERCE	Director	24/10/2003	24/10/2003	-	Active	NO
19	U74999DL2004NPL125690	FEDERATION OF INDIA-ARAB CHAMBER OF COMMERCE AND INDUSTRY	Director	7/04/2004	7/04/2004	-	Active	NO
20	U74920DL2005PTC132402	STRAIGHT SECURITY SOLUTIONS PRIVATE LIMITED	Director	25/01/2005	25/01/2005	-	Active	NO
21	U11100DL2005PTC132446	HIND NATURAL RESOURCES PRIVATE LIMITED	Director	27/01/2005	27/01/2005	-	Active	NO
22	U74999DL2005PTC132499	INTEGRATED LIVESTOCK VILLAGE FARM PRIVATE LIMITED	Director	28/01/2005	28/01/2005	-	Active	NO
23	U15419DL2005PTC132500	FAST TRAX FOOD PRIVATE LIMITED	Director	28/01/2005	28/01/2005	-	Active	NO
24	U92120DL2005PTC137320	LIFESTYLE TV (INDIA) PRIVATE LIMITED	Director	7/06/2005	7/06/2005	-	Active	NO
25	U15440DL2005PTC138456	SQ-FOODS PRIVATE LIMITED	Director	7/07/2005	7/07/2005	-	Active	NO
26	U74899DL2006PTC145544	HIND RENEWABLE ENERGY PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
27	U24231DL2006PLC146918	HIND BIO-PHARMACEUTICALS LIMITED	Director	28/02/2006	28/02/2006	-	Active	NO
28	U72295DL2006PTC148475	HIND TECHNO CONSULTANTS PRIVATE LIMITED	Director	26/04/2006	26/04/2006	-	Active	NO
29	U63011DL2006PTC148729	AERO TRANS LOGISTICS PRIVATE LIMITED	Director	10/05/2006	10/05/2006	-	Active	NO
30	U72900DL2007PTC161464	SQ GLOBAL NETWORK INFUSION PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
31	U74140DL1955GOI002481	NATIONAL SMALL INDUSTRIES CORPN. LIMITED	Additional director	24/06/2010	24/06/2010	-	Active	NO
32	U74999DL2011PTC222537	FX SPORTS MANAGEMENT PRIVATE LIMITED	Director	19/07/2011	19/07/2011	-	Active	NO

Name :

Mr. Kiran Qureshi

Designation :

Director

Address :

69, Siddhartha Enclave, New Delhi – 110 014, India

Date of Birth/Age :

01.03.1950

Date of Appointment :

31.05.1994

DIN No.:

00005718

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	U74899DL1984PTC018139	AL- MASHRIQ EXPORTS PRIVATE LIMITED	Director	11/05/1984	11/05/1984	-	Active	NO
2	L74899DL1973PLC006667	HIND INDUSTRIES LIMITED	Director	6/08/1988	6/08/1988	-	Active	NO
3	U74899DL1990PTC042197	EATCCO FOODS PRIVATE LIMITED	Director	27/11/1990	27/11/1990	-	Active	NO
4	U74899DL1994PLC058302	HIND INFRA ENGINEERS LIMITED	Director	6/04/1994	6/04/1994	-	Active	NO
5	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Director	31/05/1994	31/05/1994	-	Active	NO
6	U74899DL1994PTC062669	HIND FINCAP PRIVATE LIMITED	Director	11/11/1994	11/11/1994	-	Active	NO
7	U13209DL1996PTC080816	HIND SOILS PRIVATE LIMITED	Director	1/08/1996	1/08/1996	-	Active	NO
8	U63040DL1997PTC091244	HIND AIR STAR PRIVATE LIMITED	Director	19/12/1997	19/12/1997	1/01/2010	Active	NO
9	U63040DL1997PTC091243	HIND AIR EXPRESS PRIVATE LIMITED	Director	19/12/1997	19/12/1997	-	Active	NO
10	U63040DL1997PTC091241	HIND AIRWAYS PRIVATE LIMITED	Director	19/12/1997	19/12/1997	-	Active	NO
11	U70101DL1998PTC091449	HIND AIR LINK PRIVATE LIMITED	Whole-time director	1/10/2006	1/01/1998	-	Active	NO
12	U74920DL2005PTC132402	STRAIGHT SECURITY SOLUTIONS PRIVATE LIMITED	Director	25/01/2005	25/01/2005	-	Active	NO
13	U92120DL2005PTC137320	LIFESTYLE TV (INDIA) PRIVATE LIMITED	Director	7/06/2005	7/06/2005	-	Active	NO
14	U24231DL2006PLC146918	HIND BIO-PHARMACEUTICALS LIMITED	Director	28/02/2006	28/02/2006	-	Active	NO
15	U72295DL2006PTC148475	HIND TECHNO CONSULTANTS PRIVATE LIMITED	Director	26/04/2006	26/04/2006	-	Active	NO
16	U63011DL2006PTC148729	AERO TRANS LOGISTICS PRIVATE LIMITED	Director	10/05/2006	10/05/2006	-	Active	NO
17	U74999DL2011PTC222537	FX SPORTS MANAGEMENT PRIVATE LIMITED	Director	19/07/2011	19/07/2011	-	Active	NO

Name :

Mr. Samar Qureshi

Designation :

Whole Time Director

Address :

69, Siddhartha Enclave, New Delhi – 110 014, India

Date of Birth/Age :

12.01.1974

Date of Appointment :

31.03.2004

DIN No.:

00005728

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	U74899DL1991PTC045366	SAMAR TRAVELS AND CARGO PRIVATE LIMITED	Director	14/08/1991	14/08/1991	-	Active	NO
2	U62100DL1996PTC077892	HIND AIR SERVICES PRIVATE LIMITED	Director	8/04/1996	8/04/1996	-	Active	NO
3	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Whole-time director	1/10/2010	31/03/2004	-	Active	NO
4	U11100DL2005PTC132446	HIND NATURAL RESOURCES PRIVATE LIMITED	Director	27/01/2005	27/01/2005	-	Active	NO
5	U15419DL2005PTC132500	FAST TRAX FOOD PRIVATE LIMITED	Director	28/01/2005	28/01/2005	-	Active	NO
6	U74999DL2005PTC132499	INTEGRATED LIVESTOCK VILLAGE FARM PRIVATE LIMITED	Director	28/01/2005	28/01/2005	-	Active	NO
7	U92120DL2005PTC137320	LIFESTYLE TV (INDIA) PRIVATE LIMITED	Director	7/06/2005	7/06/2005	-	Active	NO
8	U15440DL2005PTC138456	SQ-FOODS PRIVATE LIMITED	Director	7/07/2005	7/07/2005	-	Active	NO
9	U74999DL2004NPL125690	FEDERATION OF INDIA-ARAB CHAMBER OF COMMERCE AND INDUSTRY	Director	1/09/2005	1/09/2005	-	Active	NO
10	U74899DL2006PTC145544	HIND RENEWABLE ENERGY PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
11	U72295DL2006PTC148475	HIND TECHNO CONSULTANTS PRIVATE LIMITED	Director	26/04/2006	26/04/2006	-	Active	NO
12	U63011DL2006PTC148729	AERO TRANS LOGISTICS PRIVATE LIMITED	Director	10/05/2006	10/05/2006	-	Active	NO
13	U72900DL2007PTC161464	SQ GLOBAL NETWORK INFUSION PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
14	U63040DL1997PTC091244	HIND AIR STAR PRIVATE LIMITED	Additional director	16/12/2009	16/12/2009	-	Active	NO
15	U74999DL2011PTC222537	FX SPORTS MANAGEMENT PRIVATE LIMITED	Director	19/07/2011	19/07/2011	-	Active	NO

Name :

Mr. Surendra Kumar Ranjhan

Designation :

Director

Address :

H-334, New Rajinder Nagar, New Delhi – 110 060, India

Date of Birth/Age :

13.10.1934

Date of Appointment :

12.03.1996

DIN No.:

00005854

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	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Director	12/03/1996	12/03/1996	-	Active	NO
2	U24231DL2006PLC146918	HIND BIO-PHARMACEUTICALS LIMITED	Director	28/02/2006	28/02/2006	-	Active	NO
3	U72295DL2006PTC148475	HIND TECHNO CONSULTANTS PRIVATE LIMITED	Director	15/10/2009	15/10/2009	-	Active	NO
4	L74899DL1973PLC006667	HIND INDUSTRIES LIMITED	Director	26/09/2011	12/08/2011	-	Active	NO

Name :

Mr. Brij Bhushan Huria

Designation :

Director

Address :

90, Maitri Apartment, Mayur Vihar Phase 1, New Delhi – 110 091, India

Date of Birth/Age :

01.04.1944

Date of Appointment :

30.06.2007

DIN No.:

00015434

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	U67190DL1997PTC086033	MICRO FINCAP PRIVATE LIMITED	Director	21/03/1997	21/03/1997	27/01/2009	Active	NO
2	L74899DL1973PLC006667	HIND INDUSTRIES LIMITED	Director	16/10/1998	16/10/1998	-	Active	NO
3	L72900GJ1994PLC069823	SARAL MINING LIMITED	Director	29/04/2003	29/04/2003	16/02/2008	Active	NO
4	L29211CH1992PLC012321	AGRO DUTCH INDUSTRIES LIMITED	Director	27/04/2006	27/04/2006	26/04/2012	Active	NO
5	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Director	26/09/2007	30/06/2007	-	Active	NO

Name :

Mr. Har Sharan Das

Designation :

Director

Address :

7 Dalibagh Ganna Santhan, 27 New Berry Road, Lucknow – 226 001, Uttar Pradesh, India

Date of Birth/Age :

15.06.1955

Date of Appointment :

02.07.2009

DIN No.:

02268334

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	U01131UP1975SGC004163	UTTAR PRADESH (PASCHIM) GANNA BEEJ EVAM VIKAS NIGAM LIMITED	Director	3/04/2008	3/04/2008	27/09/2010	Active	NO
2	U15421UP1971SGC003393	UTTAR PRADESH STATE SUGAR CORPN LIMITED	Director	4/07/2008	4/07/2008	-	Active	YES
3	U15424UP2002SGC026671	UTTAR PRADESH RAJYA CHINI AVAM GANNA VIKASH NIGAM LIMITED	Director	4/07/2008	4/07/2008	-	Active	YES
4	U15429UP1986SGC007942	GHATAMPUR SUGAR COMPANY LIMITED	Director	21/07/2008	21/07/2008	20/06/2009	Active	YES
5	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Nominee director	2/07/2009	2/07/2009	-	Active	NO
6	U24111UP1979SGC004863	UTTAR PRADESH MATSYA VIKAS NIGAM LIMITED	Director	26/04/2010	26/04/2010	-	Dormant	NO

Name :

Mr. Rakesh Gupta

Designation :

Nominee Director

Address :

No. 23, New Berry Road, Lucknow – 226 001, Uttar Pradesh, India

Date of Birth/Age :

01.09.1956

Date of Appointment :

06.08.2009

DIN No.:

02762047

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	L50102UP1982PLC015532	PASUPATI ACRYLON LIMITED	Nominee director	15/05/2009	15/05/2009	-	Active	NO
2	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Nominee director	6/08/2009	6/08/2009	-	Active	NO

Name :

Mr. Kishan Datt Sharma

Designation :

Nominee Director

Address :

A-17, Picup Colony, 12 Jopling Road, Lucknow – 201 001, Uttar Pradesh, India

Date of Birth/Age :

25.09.1956

Date of Appointment :

06.08.2009

DIN No.:

02772049

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	L50102UP1982PLC015532	PASUPATI ACRYLON LIMITED	Nominee director	15/05/2009	15/05/2009	13/01/2012	Active	NO
2	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Nominee director	6/08/2009	6/08/2009	-	Active	NO

Name :

Mr. Biswajit Banerjee

Designation :

Director

Address :

C-1/101, IFCI Flat, Ramprastha PO Chander Nagar, Ghaziabad – 201 301, Uttar Pradesh, India

Date of Birth/Age :

25.02.1961

Date of Appointment :

11.08.2009

DIN No.:

02602582

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	L32101UP1973PLC003706	WILLARD INDIA LIMITED	Nominee director	30/10/2004	30/10/2004	28/04/2008	Active	NO
2	U01211UP1994PLC016502	HIND AGRO INDUSTRIES LIMITED	Nominee director	11/08/2009	11/08/2009	31/03/2012	Active	NO
3	U67120MH1990NPL058298	OTC EXCHANGE OF INDIA	Nominee director	17/02/2011	17/02/2011	-	Active	NO
4	U93000TN2009PLC070524	IFIN COMMODITIES LIMITED	Additional director	12/10/2011	12/10/2011	-	Active	NO
5	U67190TN1995PLC032057	IFIN CREDIT LIMITED	Additional director	9/04/2012	9/04/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ram Kumar Goel
Designation :	Secretary
Address :	H. No. 353, Sector 29, Noida – 201 303, Gautambudh Nagar, Uttar Pradesh, India
Date of Birth/Age :	01.08.1956
Date of Appointment :	09.05.2008

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 17.09.2011

Names of Shareholders	No. of Shares
Sirajuddin Qureshi	20
Kiran Qureshi	10
Shehla Qureshi	10
Samar Qureshi	10
Mohd. Abdul Haleem	10
Mohd. Naseem Qureshi	10
Pashudhan UP Udhyog Limited, India	2000000
Hind Industries Limited, India	24250000
P.I.C.U.P Limited, India	4200000
I.F.C.I. Limited, India	2700000
Total	33150070

Equity Share Break up (Percentage of Total Equity)

As on 17.09.2011

Category	Percentage
Government Companies	6.03
Public Financial Compaies	20.82
Bodies corporate	73.15
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Fresh, Chilled And Frozen Meat and Meat Products.

Products :

Product Description	Item Code
Fresh Chilled Frozen Meat and Meat Product	020610

PRODUCTION STATUS (As on 31.03.2010)

Particulars	Unit	Licensed Capacity	Installed Capacity
Boneless Veal (Buffalo) Frozen	M.T, P.A	9000	9000
Boneless Buffalo Frozen	M.T, P.A	102000	102000
Sheep Fresh	M.T, P.A	9000	9000

Particulars	Unit	Actual Production
Buffalo	Qty in MT	54929.627
Fresh	Qty in MT	3.800

GENERAL INFORMATION

No. of Employees :

350 (Approximately)

Bankers :

Punjab National Bank - Lead of Consortium Banks

International Banking Division, DCM Building, 16, Barakhamba Road, New Delhi – 110 001, India

Facilities :

(Rs. in Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks secured	153.965	28.528
Rupee term loans financial institutions secured	(A) 11.640	58.200
Working capital loans banks secured	1650.407	1278.409
Loans taken for vehicles secured	11.048	19.193
Other debt secured	(B) 7.925	46.882
Interest accrued due other debt secured	(C) 0.000	2.913
Total	1834.985	1434.125
Note: (A) IFCI Negotiated Loan (B) Liability under IFCI and IDBI Restructuring Account (C) Interest accrued and Due IDBI
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans others unsecured	(A) 15.000	15.000
Loans directors unsecured	(B) 25.500	0.000
Total	40.500	15.000
Note: (A) From Holding Company (B) Mr. Sirajuddin Qureshi

Banking Relations :	--
Financial Institution:	ORIX Auto and Business Solutions Limited, Plot No,.94, Marol Company, Opposite Industrial Estate, Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra, India
Auditors :
Name :	Vipin Aggarwal and Associates Chartered Accountants
Address :	E-4, 2^nd Floor, Defence Colony, New Delhi – 110 024, India
PAN.:	AAAFV5918J
Holding Company:	Hind Industries Limited, India

CAPITAL STRUCTURE

After on 17.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
46000000	Equity Shares	Rs.10/- each	Rs.460.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
45383270	Equity Shares	Rs.10/- each	Rs.453.833 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
46000000	Equity Shares	Rs.10/- each	Rs.460.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
33150070	Equity Shares	Rs.10/- each	Rs.331.501 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		331.501	331.501	331.501
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		610.454	552.493	500.490
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		941.955	883.994	831.991
LOAN FUNDS
1] Secured Loans		1834.985	1434.125	1431.789
2] Unsecured Loans		40.500	15.000	15.000
TOTAL BORROWING		1875.485	1449.125	1446.789
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2817.440	2333.119	2278.780
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		826.605	790.952	831.494
Capital work-in-progress		0.000	0.000	37.725
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		56.555	71.843	93.897
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1187.702	668.745	613.265
	Sundry Debtors	841.386	685.406	779.388
	Cash & Bank Balances	125.954	149.268	192.937
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	852.460	624.812	492.230
Total Current Assets		3007.502	2128.231	2077.820
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1032.953	620.382	737.616
	Other Current Liabilities	0.040	0.204	0.344
	Provisions	40.229	37.321	24.196
Total Current Liabilities		1073.222	657.907	762.156
Net Current Assets		1934.280	1470.324	1315.664
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2817.440	2333.119	2278.780

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	7013.721	6861.254	6328.193
		Other Income	45.376	57.226	55.617
		TOTAL (A)	7059.097	6918.480	6383.810
Less	EXPENSES
		Consumption materials charges inventories	5847.489	5889.409
		Manufacturing services costs	243.798	217.981
		Contract Cost	0.849	0.592
		Employee related expenses	56.746	54.475
		Administrative Expenses	554.350	443.013
		TOTAL (B)	6703.232	6605.470	6067.859
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		355.865	313.010	315.951
Less	FINANCIAL EXPENSES (D)		194.133	153.001	195.471
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		161.732	160.009	120.480
Less/ Add	DEPRECIATION/ AMORTISATION (F)		68.734	66.613	64.525
	PROFIT BEFORE TAX (E-F) (G)		92.998	93.396	55.955
Less	TAX (I)		35.037	41.393	(95.724)
	PROFIT AFTER TAX (G-I) (J)		57.961	52.003	151.679
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		552.493	500.490	348.811
	BALANCE CARRIED TO THE B/S		610.454	552.493	500.490
	EARNINGS IN FOREIGN CURRENCY		NA	6208.756	5480.969
	IMPORTS
		Capital Goods	NA	0.555	3.928
		Spares	NA	3.688	2.196
	TOTAL IMPORTS		NA	4.243	6.124
	Earnings Per Share (Rs.)		1.75	1.57	4.58

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.82	0.75	3.00
Net Profit Margin (PBT/Sales)	(%)	1.33	1.36	0.88
Return on Total Assets (PBT/Total Assets}	(%)	3.09	4.39	2.69
Return on Investment (ROI) (PBT/Networth)		0.10	0.11	0.07
Debt Equity Ratio (Total Liability/Networth)		1.14	0.74	0.92
Current Ratio (Current Asset/Current Liability)		2.80	3.23	2.73

LOCAL AGENCY FURTHER INFORMATION

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	--
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	Yes
30) Major Shareholders, if available	Yes

OPERATIONS

The financial performance of the company has improved during the year. The turnover of the company increased to Rs.7013.700 Millions during the year 2010-11 from Rs.6861.300 Millions in the previous financial year 2009-10, thereby making a growth of around 2.22% during the year. Profit before Tax decreased to Rs.93.000 Millions as compared to Rs.93.400 Millions in the previous year ended 31st March, 2010.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U01211UP1994PLC016502
Name of the company	HIND AGRO INDUSTRIES LIMITED
Address of the registered office or of the principal place of business in India of the company	Central Dairy Farm Complex, Anupshahr Road, Aligarh – 202 122, Uttar Pradesh, India Email: sgupta.cs@hind.in
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	90280907
Type of charge	Immovable property Book debts
Particular of charge holder	Punjab National Bank - Lead of Consortium Banks International Banking Division, DCM Building, 16, Barakhamba Road, New Delhi – 110 001, India Email: bo2254@pnb.co.in
Nature of instrument creating charge	1. Resolution of Finance Committee Meeting Dated 20-04-2012, 2. Agreement of hypothecation of Goods, Book Debts and Moveable Assets Dated 21-04-2012, 3. Agreement for Hypothecation of Assets to Secure Short Term Loan Dated 21-04-2012.
Date of instrument Creating the charge	21.04.2012
Amount secured by the charge	Rs.2717.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per various Sanction Letters/Loan Agreements. Terms of Repayment As per various Sanction Letters/Loan Agreements. Margin As per various Sanction Letters/Loan Agreements. Extent and Operation of the charge As per various Sanction Letters/Loan Agreements.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	By way of 1st Pari-passu charge on all the Current Assets of the Company stored at the Registered Office/Factory at CDF Complex, Anupshahr Road, Aligarh, U.P. and other Places/Warehouses. By way of 2nd Pari-passu charge on the Fixed Assets of the Company situated at CDF Complex, Anupshahr Road, Aligarh, U.P. Equitable Mortgage on the Properties of Al-Mashriq Exports Private Limited. situated at village Kranki, Sohna Road, Gurgaon, Haryana.
Date of instrument modifying the charge	05.01.2012
Particulars of the present modification	1. The Punjab National Bank has enhanced Term Loan - Chennai along with other Facilities to the Company. 2. The details of Individual Limits are as under: A) Punjab National Bank (IBB) New Delhi Rs.1485.000 Millions (Old Rs.1128.000 Millions), B) Dena Bank (S K Road) Aligarh Rs. 702.500 Millions (Old Rs.702.500 Millions), C) Indian Bank (Main Branch) New Delhi Rs. 529.500 Millions (Old Rs,529.500 Millions) TOTAL Rs.2717.000 Millions

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Vehicles

· Trucks

· Furniture and Fixtures

· Computers

· Office Equipments

AS PER WEBSITE:

COMPANY PROFILE:

Hind Agro Industries Limited is the first company in India to have Asia's one of the most modern abattoir-cum-meat processing plant at Aligarh in the State of Uttar Pradesh in North India. It is a joint venture of Hind Industries Limited, Government of Uttar Pradesh and assisted by Government of India. This plant at Aligarh is approved by the Agricultural and Processed Food Products Export Development Authority (APEDA), Ministry of Commerce, Government of India for export of meat and meat products.

Hind Agro Industries Limited is the only company in the country to have the unique facilities of slaughtering the animals which have been bred and reared on strict guidelines set by the O.I.E. Paris. Farmers are encouraged to rear male buffalo calves specially for supplying to the company under the contractual farming. Company has also intensive feed lot to raise male buffalo calves on organic farming with natural feeds. The source and tracibility of the animals are documented from the farm to the finished product. In turn, the company provides assistance to the farmers by supplying feed and veterinary services from the experts belonging to it. Qualified Veterinary Doctors conduct ante-mortem and post-mortem examinations on the animals procured from disease-free zones recognized by the U.P. Government’s Veterinary Department, India.

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.56.99
UK Pound	1	Rs.88.97
Euro	1	Rs.71.57

INFORMATION DETAILS

Report Prepared by :

KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		45

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.