1. Summary Information

		Country	India
Company Name	GODREJ AGROVET LIMITED	Principal Name 1	Mr. Nadir Burjorji Godrej
Status	Excellent	Principal Name 2	Mr. Jamshyd N. Godrej
		Registration #	11-135359
Street Address	Pirojsha Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400079, Maharashtra, India
Established Date	25.11.1991	SIC Code	--
Telephone#	91-22-25188010 / 25188020 / 25188030 / 25194803	Business Style 1	Manufacturing
Fax #	91-22-25188485	Business Style 2	--
Homepage	www.godrejsoaps.com www.godrejagrovet.com	Product Name 1	Animal Feeds.
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs.121,187,520 /-	Product Name 3	--
Shareholders	Bodies corporate – 75.82% Directors or relatives of Directors – 19.34% Other top fifty shareholders-4.84%	Banking	Central Bank of India
Public Limited Corp.	No	Business Period	21 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Aa (72)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	3,065,768,000	Current Liabilities	3,570,531,000
Inventories	1,456,280,000	Long-term Liabilities	1,609,550,000
Fixed Assets	993,579,000	Other Liabilities	62,082,000
Deferred Assets	--	Total Liabilities	5,242,163,000
Invest& other Assets	2,309,765,000	Retained Earnings	2,462,041,000
		Net Worth	2,583,229,000
Total Assets	7,825.392,000	Total Liab. & Equity	7,825,392,000
Total Assets (Previous Year)	6,633,447,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	15,983,569,000	Net Profit	298,004,000
Sales(Previous yr)	13,916,059,000	Net Profit(Prev.yr)	217,067,000

MIRA INFORM REPORT

Report Date :

05.03.2012

IDENTIFICATION DETAILS

Name :	GODREJ AGROVET LIMITED
Registered Office :	Pirojsha Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400079, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	25.11.1991
Com. Reg. No.:	11-135359
Capital Investment / Paid-up Capital :	Rs.121.188 Millions
CIN No.: [Company Identification No.]	U15410MH1991PLC135359
TAN No.: [Tax Deduction & Collection Account No.]	MUMG08309A
PAN No.: [Permanent Account No.]	AAACG0617Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and Sale of Animal Feeds.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Aa (72)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 10000000
Status :	Excellent
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of Godrej Group, a highly respectable and resourceful business group. Financial position of the company appears to be sound. Fundamentals are strong and healthy. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions. It can be regarded as a promising business partner in medium to long run.

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 :	Pirojsha Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400079, Maharashtra, India
Tel. No.:	91-22-25188010 / 25188020 / 25188030 / 25194803
Fax No.:	91-22-25188485
E-Mail :	upendra.pathak@godrejagrovet.com gavlho@godrejagrovet.com gavigroupcompanies@godrejagrovet.com vv.chaubal@godrejagrovet.com
Website :	www.godrejsoaps.com www.godrejagrovet.com
Factory :	148/B, Kandalkoi, Medchal, R.R Dist - 501 403. A.P, India
Tel. No.:	91-040-23792091
Fax No.:	91-040-23792092
Regional Office :	Locate As Ludhiana Bangalore Kolkata Pune Chandigarh Hyderabad Andhra Pradesh

DIRECTORS

As on 24.06.2011

Name :

Mr. Nadir Burjorji Godrej

Designation :

Chairman cum Managing Director

Address :

40-D, B. G. Kher Marg, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

26.08.1951

Date of Appointment :

25.11.1991

DIN No.:

00066195

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	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	21/01/1986	21/01/1986	26/02/2007	Active	NO
2	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Managing director	7/3/1988	7/3/1988	-	Active	NO
3	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
4	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	27/09/1990	27/09/1990	-	Active	NO
5	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	25/11/1991	25/11/1991	-	Active	NO
6	L65990MH1945PLC004558	MAHINDRA AND MAHINDRA LIMITED	Director	28/08/1992	28/08/1992	-	Active	NO
7	U72900MH1992PLC065539	KARROX TECHNOLOGIES LIMITED	Director	7/9/1992	7/9/1992	-	Active	NO
8	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	8/8/1994	8/8/1994	-	Amalgamated	NO
9	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	29/11/2000	29/11/2000	-	Active	NO
10	U15100MH1974PLC017887	GOLDMOHUR FOODS AND FEEDS LIMITED	Director	15/01/2001	15/01/2001	24/06/2008	Amalgamated	NO
11	U24240MH1997PLC105714	Godrej Hershey Limited	Director	1/7/2002	1/7/2002	15/05/2007	Active	NO
12	U74999MH2003PLC139413	TRICOM INFOTECH SOLUTIONS LIMITED	Director	28/02/2003	28/02/2003	30/06/2008	Active	NO
13	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Director	17/12/2003	17/12/2003	27/12/2007	Active	NO
14	U73100KA1998PLC030671	AVESTHAGEN LIMITED	Director	20/09/2004	20/09/2004	14/11/2008	Active	NO
15	U72900MH1999PTC120346	CBAY SYSTEMS (INDIA) PRIVATE LIMITED	Director	2/1/2006	2/1/2006	11/9/2007	Active	NO
16	U15432MH1952PLC169547	NUTRINE CONFECTIONERY COMPANY LIMITED	Director	28/08/2006	28/08/2006	15/05/2007	Active	NO
17	U45201MH2006PLC164656	GODREJ GOLD COIN AQUAFEED LIMITED	Director	29/05/2007	16/11/2006	-	Amalgamated	NO
18	U74999MH2002NPL137058	POULTRY PROCESSORS' ASSOCIATION OF INDIA	Director	6/12/2006	6/12/2006	-	Active	NO
19	L64200MH1995PLC086354	TATA TELESERVICES (MAHARASHTRA) LIMITED	Director	12/8/2008	12/3/2008	-	Active	NO
20	U15122MH2006PLC163857	GODREJ OIL PALM LIMITED	Director	16/06/2008	8/5/2008	-	Active	NO
21	U15142MH1996PLC224176	CAUVERY PALM OIL LIMITED	Director	7/7/2008	8/5/2008	-	Active	NO
22	U15122MH2008PLC177741	GODREJ TYSON FOODS LIMITED	Director	6/7/2009	24/06/2008	-	Active	NO
23	L74999MH1902PLC000183	THE INDIAN HOTELS COMPANY LIMITED	Director	3/8/2009	7/11/2008	-	Active	NO

Name :

Mr. Jamshyd N. Godrej

Designation :

Director

Address :

40-D, B. G. Kher Marg, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

24.01.1949

Date of Appointment :

24.08.1992

DIN No.:

00076250

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	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Managing director	1/4/2011	7/10/1974	-	Active	NO
2	U74999MH1960PLC011759	LAWKIM LIMITED	Director	21/02/1977	21/02/1977	-	Amalgamated	NO
3	U65990MH1975PTC018480	GODREJ INVESTMENTS PRIVATE LIMITED	Director	12/6/1984	12/6/1984	-	Active	NO
4	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	7/3/1988	7/3/1988	-	Active	NO
5	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
6	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	28/11/1991	28/11/1991	10/6/2008	Active	NO
7	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
8	U85110KA1992PLC013570	ANTRIX CORPORATION LIMITED	Director	27/11/1992	27/11/1992	-	Active	NO
9	L72200MH1994PLC077342	GEOMETRIC LIMITED	Director	25/03/1994	25/03/1994	-	Active	NO
10	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	8/8/1994	8/8/1994	-	Amalgamated	NO
11	U65991MH1995PLC087722	TATA TRUSTEE COMPANY LIMITED	Director	21/05/1996	21/05/1996	-	Active	NO
12	L35911PN1945PLC004656	BAJAJ HOLDINGS AND INVESTMENT LIMITED.	Director	27/10/1998	27/10/1998	20/02/2008	Active	NO
13	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	1/3/2001	1/3/2001	-	Active	NO
14	U72900MH2001PLC134244	3D PLM SOFTWARE SOLUTIONS LIMITED	Director	23/01/2002	23/01/2002	17/04/2007	Active	NO
15	U24240MH1997PLC105714	GODREJ HERSHEY LIMITED	Director	12/7/2002	12/7/2002	15/05/2007	Active	NO
16	U74140MH2002PTC136070	EUREKA OUTSOURCING SOLUTIONS PRIVATE LIMITED	Director	18/12/2003	18/12/2003	27/12/2007	Active	NO
17	U23209WB1985SGC039487	HALDIA PETROCHEMICALS LTD	Director	2/11/2004	2/11/2004	24/02/2012	Active	NO
18	U85100MH1946GAP005082	BREACH CANDY HOSPITAL TRUST	Director	13/12/2004	13/12/2004	-	Active	NO
19	U80301TN2004NPL052529	GREAT LAKES INSTITUTE OF MANAGEMENT	Director	1/4/2005	1/4/2005	3/5/2011	Active	NO
20	U80302KA1998PTC037801	ILLINOIS INSTITITUTE OF TECHNOLOGY (INDIA) PRIVATE LIMITED	Director	29/11/2005	29/11/2005	-	Active	NO
21	U67120MH2005PLC155188	BSE LIMITED	Director	14/09/2007	26/09/2006	16/06/2008	Active	NO
22	U80904DL2007NPL161078	SINGAPORE - INDIA PARTNERSHIP FOUNDATION(INDIA)	Director	23/03/2007	23/03/2007	-	Active	NO
23	L65993PN2007PLC130076	BAJAJ AUTO LIMITED.	Director	10/7/2008	30/01/2008	-	Active	NO
24	U74990MH2008NPL189117	INDIAN INSTITUTE FOR HUMAN SETTLEMENTS	Director	23/12/2008	23/12/2008	-	Active	NO
25	U93030DL2009NPL194891	SHAKTI SUSTAINABLE ENERGY FOUNDATION	Director	5/10/2009	5/10/2009	-	Active	NO
26	U80211DL2008NPL185825	WWF INDIA FOUNDATION	Director	13/08/2010	13/08/2010	-	Active	NO
27	U73100MH2011NPL220003	RAPTOR RESEARCH AND CONSERVATION FOUNDATION	Director	21/07/2011	21/07/2011	-	Active	NO

Name :

Mr. Ardeshir Burjorji Godrej

Designation :

Director

Address :

Godrej House, 67-H, Walkeshwar Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

03.04.1942

Date of Appointment :

25.11.1991

DIN No.:

00065964

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	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	30/04/1973	30/04/1973	-	Active	NO
2	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	31/12/1979	31/12/1979	-	Active	NO
3	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	31/12/1979	31/12/1979	-	Active	NO
4	U65990MH1975PTC018480	GODREJ INVESTMENTS PRIVATE LIMITED	Director	8/6/1984	8/6/1984	-	Active	NO
5	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	21/01/1986	21/01/1986	10/6/2008	Active	NO
6	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	7/3/1988	7/3/1988	-	Active	NO
7	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
8	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	25/11/1991	25/11/1991	-	Active	NO
9	U29294MH1993PTC072222	ISS HICARE PRIVATE LIMITED	Director	31/05/1993	31/05/1993	18/06/2009	Active	NO
10	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	8/8/1994	8/8/1994	-	Amalgamated	NO
11	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	2/4/2011	13/11/1997	-	Active	NO
12	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Whole-time director	1/4/2010	29/11/2000	-	Active	NO
13	U24240MH1997PLC105714	GODREJ HERSHEY LIMITED	Director	1/7/2002	1/7/2002	-	Active	NO
14	U74140MH2002PTC136070	EUREKA OUTSOURCING SOLUTIONS PRIVATE LIMITED	Director	17/12/2003	17/12/2003	27/12/2007	Active	NO
15	U15432MH1952PLC169547	NUTRINE CONFECTIONERY COMPANY LIMITED	Director	19/06/2007	30/06/2006	-	Active	NO
16	U51909MH2007PLC168675	GODREJ HYGIENE PRODUCTS LIMITED	Director	13/03/2007	13/03/2007	-	Active	NO
17	U18101MH1977PTC181783	SARALEE HOUSEHOLD AND BODYCARE INDIA PRIVATE LIMITED	Director	2/7/2007	2/7/2007	-	Amalgamated	NO

Name :

Dr. Sudheer Laxmanrao Anaokar

Designation :

Director

Address :

A – 204 Centre Point, Panchpakhadi, Opposite thane Municipal Corporation, Thane – 400602, Maharashtra, India

slanaokar@hotmail.com

Date of Birth/Age :

04.01.1943

Date of Appointment :

29.06.1998

DIN No.:

00236819

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	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	29/06/1998	29/06/1998	-	Active	NO
2	U15100MH1974PLC017887	GOLDMOHUR FOODS AND FEEDS LIMITED	Director	15/01/2001	15/01/2001	-	Amalgamated	NO
3	U15339MH2003PLC140599	GOLDEN FEED PRODUCTS LIMITED	Director	4/10/2003	4/10/2003	-	Active	NO
4	U74140MH2005PTC155609	BAPA CONSULTANTS PRIVATE LIMITED	Director	25/08/2005	25/08/2005	10/12/2010	Active	NO

Name :

Mr. Vijay Mohan Crishna

Designation :

Director

Address :

A – 261 Grand Paradi Apartments Dadyseth Hill Off Augustkranti Marg, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

08.03.1945

Date of Appointment :

24.08.1992

DIN No.:

00066267

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	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	1/4/2011	27/09/1990	-	Active	NO
2	U29299MH1992PTC064675	STATOMAT SPECIAL MACHINES (INDIA) PRIVATE LIMITED	Director	1/1/1992	1/1/1992	30/04/2009	Active	NO
3	U91110MH1992NPL068102	NAOROJI GODREJ CENTRE FOR PLANT RESEARCH	Director	10/8/1992	10/8/1992	-	Active	NO
4	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
5	L31300MH1989PLC054356	PRECISION WIRES INDIA LIMITED	Director	25/09/1992	25/09/1992	-	Active	NO
6	U29294MH1993PTC072222	ISS HICARE Private Limited	Director	31/05/1993	31/05/1993	18/06/2009	Active	NO
7	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	3/1/1995	3/1/1995	-	Active	NO
8	U74999MH1960PLC011759	LAWKIM LIMITED	Managing director	16/08/1997	16/08/1997	-	Amalgamated	NO
9	U74140MH2002PTC136070	EUREKA OUTSOURCING SOLUTIONS PRIVATE LIMITED	Managing director	30/05/2002	30/05/2002	28/07/2008	Active	NO

Name :

Mrs. Tanya Arvind. Dubash

Designation :

Director

Address :

Benreeza Estates, 6^th Floor, 91 Khan Abdul Gaffar Khan Road, Worli Seaface, Mumbai – 400018, Maharashtra, India

Date of Birth/Age :

14.09.1968

Date of Appointment :

10.04.2003

DIN No.:

00026028

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	U70101MH1994PLC078393	TAHIR PROPERTIES LIMITED	Director	19/05/1994	19/05/1994	31/03/2010	Active	NO
2	U65923MH1983PTC030532	GODREJ HOLDINGS PRIVATE LIMITED	Director	18/07/1994	18/07/1994	-	Active	NO
3	U67120MH1992PLC065457	ENSEMBLE HOLDINGS AND FINANCE LIMITED	Director	15/02/1995	15/02/1995	-	Active	NO
4	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Whole-time director	1/4/2010	1/8/1996	-	Active	NO
5	U55101MH1995PLC091582	GIRIKANDRA HOLIDAY HOMES AND RESORTS LIMITED	Director	1/3/2001	1/3/2001	6/6/2008	Active	NO
6	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	10/4/2003	10/4/2003	-	Active	NO
7	U51909MH2007PLC168675	GODREJ HYGIENE PRODUCTS LIMITED	Director	13/03/2007	13/03/2007	-	Active	NO
8	U15310MH2008PLC182816	NATURES BASKET LIMITED	Director	22/09/2009	5/3/2009	-	Active	NO
9	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	28/05/2010	28/05/2010	-	Amalgamated	NO
10	U24100MH2004PTC145182	ESSENCE CONSUMER-CARE PRODUCTS PRIVATE LIMITED	Additional director	3/12/2010	3/12/2010	-	Amalgamated	NO
11	U24100MH2004PTC145183	NATURESSE CONSUMER-CARE PRODUCTS PRIVATE LIMITED	Additional director	3/12/2010	3/12/2010	-	Amalgamated	NO
12	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	23/07/2011	2/5/2011	-	Active	NO

Name :

Mr. Kavas Noshirwan Petigara

Designation :

Director

Address :

801Citadel 18-B, Ruparel Marg Malabar Hill, Mumbai – 400006, Maharashtra, India

kavas@petigara.com

Date of Birth/Age :

10.07.1948

Date of Appointment :

24.08.1992

DIN No.:

00066162

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	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	29/09/1988	29/09/1988	-	Active	NO
2	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	29/09/1988	29/09/1988	-	Active	NO
3	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	29/12/1988	29/12/1988	-	Active	NO
4	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
5	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	30/01/2002	30/01/2002	-	Active	NO
6	U74999MH2003PLC139413	TRICOM INFOTECH SOLUTIONS LIMITED	Director	1/9/2004	1/9/2004	30/06/2008	Active	NO

Name :

Mr. Amit Biren. Choudhury

Designation :

Director

Address :

SPE 4/1 and 2, Godrej Hillside Colony, Vikhroli [West], Mumbai – 400079, Maharashtra, India

choudhuryamit@yahoo.co.in

Date of Birth/Age :

26.12.1942

Date of Appointment :

08.12.2004

DIN No.:

000557547

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	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	1/5/2003	1/5/2003	-	Active	NO
2	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	12/8/2004	12/8/2004	-	Active	NO
3	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	12/8/2004	12/8/2004	-	Active	NO
4	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	8/12/2004	8/12/2004	-	Active	NO
5	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	7/7/2006	24/10/2005	-	Active	NO
6	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	27/07/2010	4/8/2009	-	Active	NO
7	U70100MH2005PTC154255	GODREJ WATERSIDE PROPERTIES PRIVATE LIMITED	Director	15/07/2010	1/2/2010	-	Active	NO

Name :

Ms. Nisaba Ardeshir Godrej

Designation :

Director

Address :

Aashraye Godrej House, 67 H Walkeshwar Road, Mumbai – 400006, Maharashtra, India

nisa@godrejinds.com

Date of Birth/Age :

12.02.1978

Date of Appointment :

24.07.2006

DIN No.:

00591503

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	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	25/06/2007	24/07/2006	-	Active	NO
2	U52110MH2006PLC160440	AADHAAR RETAILING LIMITED	Additional director	1/9/2007	1/9/2007	27/03/2008	Active	NO
3	U15122MH2008PLC177741	GODREJ TYSON FOODS LIMITED	Director	11/1/2008	11/1/2008	24/06/2008	Active	NO
4	U91120MH2005NPL155042	HEROES AIDS PROJECT	Director	30/09/2009	1/12/2008	-	Active	NO
5	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	28/05/2010	28/05/2010	-	Amalgamated	NO
6	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	23/07/2011	2/5/2011	-	Active	NO

Name :

Mr. Balram Singh Yadav

Designation :

Managing Director

Address :

Bunglow No. G9/ 1, Godrej Hillside Colony, LBS Marg, Vikhroli (West), Mumbai – 400 079, Maharashtra, India

Date of Birth/Age :

15.07.1964

Date of Appointment :

20.05.2009

DIN No.:

00294803

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	U74999MH2002NPL137058	POULTRY PROCESSORS' ASSOCIATION OF INDIA	Director	3/9/2002	3/9/2002	-	Active	NO
2	U15142MH2006PLC165582	GODREJ GOKARNA OIL PALM LIMITED	Director	30/09/2008	31/08/2007	-	Active	NO
3	U15122MH2006PLC163857	GODREJ OIL PALM LIMITED	Director	16/06/2008	31/08/2007	-	Active	NO
4	U52110MH2006PLC160440	AADHAAR RETAILING LIMITED	Director	2/9/2008	1/9/2007	-	Active	NO
5	U15100MH1974PLC017887	GOLDMOHUR FOODS AND FEEDS LIMITED	Director	16/06/2008	1/9/2007	-	Amalgamated	NO
6	U15339MH2003PLC140599	GOLDEN FEED PRODUCTS LIMITED	Director	16/06/2008	1/9/2007	-	Active	NO
7	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Managing director	20/05/2009	1/9/2007	-	Active	NO
8	U24231PN2002PTC016825	POLCHEM HYGIENE LABORATORIES PRIVATE LIMITED	Director	1/7/2008	20/09/2007	-	Active	NO
9	U15201AP1986PLC006912	CREAMLINE DAIRY PRODUCTS LIMITED	Director	29/12/2007	23/09/2007	-	Active	NO
10	U15209AP1999PLC031718	CREAMLINE NUTRIENTS LIMITED	Additional director	23/09/2007	23/09/2007	-	Amalgamated	NO
11	U45201MH2006PLC164656	GODREJ GOLD COIN AQUAFEED LIMITED	Director	18/06/2008	25/09/2007	-	Amalgamated	NO
12	U15122MH2008PLC177741	GODREJ TYSON FOODS LIMITED	Managing director	13/11/2011	11/1/2008	-	Active	NO
13	U15142MH1996PLC224176	CAUVERY PALM OIL LIMITED	Director	7/7/2008	1/3/2008	-	Active	NO
14	U15310MH2008PLC182816	NATURES BASKET LIMITED	Director	29/05/2008	29/05/2008	25/08/2009	Active	NO
15	U24297MH2008PLC186951	GODREJ HYGIENE CARE LIMITED	Additional director	27/03/2009	27/03/2009	-	Amalgamated	NO
16	U67120MH1992PLC065457	ENSEMBLE HOLDINGS AND FINANCE LIMITED	Director	22/06/2010	1/5/2010	-	Active	NO
17	U01403MH2011PLC215738	SEALAC AGRO VENTURES LIMITED	Director	5/4/2011	5/4/2011	-	Active	NO
18	U01403MH2011PLC218351	GODREJ SEEDS ANS GENETICS LIMITED	Director	6/6/2011	6/6/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vilas Vasant Chaubal
Designation :	Company Secretary
Address :	Flat No. 302, Laburnum, Mahindra Gardens, Goregaon [West], Mumbai – 400062, Maharashtra, India
Date of Birth/Age :	03.05.1958
Date of Appointment :	14.06.1993
PAN No.:	ACTPC8238P
Email :	vv.chaubal@godrejagrovet.com
Name :	Mr. Nathan
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 24.06.2011

Names of Shareholders	No. of Shares
Ardeshir B. Godrej	396
Nadir B. Godrej	586080
Godrej Industries Limited, India	9112951
Rishad K Naoroji	586080
Pirojsha J Godrej	195360
Navroze J Godrej	293040
Raika J Godrej	293040
Nyrika Vijay Crishna	293040
Freyan Mohan Crishna	293040
Swadeshi Detergents Limited, India	66900
Godrej Industries Limited Joint With Subramanian India	1
Godrej Industries Limited Joint With Vilas Chaubal, India	1
Godrej Industries Limited Joint With Balram Yadav, India	1
Godrej Industries Limited Joint With Pitambar Narkhede, India	1
Tanya Arvind Dubash	195360
Nishaba A. Godraj	195360
Godrej Industries Limited Joint With Govind Ramakrishna Rishinaradamangalam, India	1
Ensemble Holding and Finance Limited, India	8100
Total	12118752

As on 24.06.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	75.82
Directors or relatives of Directors	19.34
Other top fifty shareholders	4.84
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Sale of Animal Feeds.

Products :

Item Code No. (ITC Code)	23099010
Product Description	Animal Feeds

PRODUCTION STATUS (As on 31.03.2010)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Animal Feeds	MT	NA	350000	233991
Tissue Culture Plants	plants	4.25 million	5 million	3 million
Agri Inputs
- Plant Growth Promoter Liquids	KL	500	500	500
- Plant Growth Regulator Granules	MT	5000	5000	4063

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• 3infotech Trusteeship Services Limited, 3^rd to 6^th floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai – 400703, Maharashtra, India
• Central Bank of India, Corporate Finance Branch, 1^st Floor, MMO Building, M G Road, Fort, Mumbai – 400023, Maharashtra, India
• South Indian Bank Limited, Mission Quarters, P. B. No. 28, Trichur - 680001, Kerala, India
• Axis Bank Limited, SME Centre, Ground Floor, Karumuttu Nilayam, No.192, Anna Salai, Chennai - 600002, Tamil Nadu, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans Banks secured	0.000	(A)280.000
Working capital loans secured	251.053	300.675
Total	251.053	580.675
(A) Term Loan Rs.280.000 Millions (amount due within a year Rs. Nil, Previous year Rs. 280.000 Millions)
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans Banks unsecured	(A)1350.000	400.000
Working capital loans banks unsecured	8.497	0.000
Interest accrued due unsecured loans	0.000	0.263
Total	1358.497	400.263
(A) Amount due within a year Rs.1350.000 Millions (Previous year Rs. Nil)

Banking Relations :	--
Auditors :
Name :	Kalyaniwalla and Mistry Chartered Accountants
Address :	Kalpataru Heritage, 127, Mahatma Gandhi Road, Mumbai – 400001, Maharashtra, India
PAN.:	AAAFK7554R
Subsidiaries :	The Company continues to be the holding Company of Golden Feed Products Limited (GFPL), Cauvery Palm Oil Limited (CPOL) and Godrej Oil Palm Limited (GOPL). During the year, the company acquired 10% stake in Godrej Oil Palm Limited, 51% stake in Godrej IJM Palm Oil Limited (GIPOL), making it a 100% subsidiary of your company and 51% in Godrej Gold Coin Aquafeed Limited. Godrej Gold Coin Aquafeed Limited was merged with your company with effect from 1st April, 2010.
Fellow Subsidiaries :	Godrej Consumer Products Limited Godrej Infotech Limited Natures Basket Limited Godrej International Limited Godrej Properties Limited
Joint Ventures :	ACI Godrej Agrovet Private Limited Godrej Tyson Foods Limited Godrej Gold Coin Aquafeed Limited (Upto 21.10.2010) Godrej Gokarna Oil Palm Limited (formerly known as Godrej IJM Palm Oil Limited) (Upto 25.11.10)
Associates :	Creamline Dairy Products Limited Polchem Hygiene Laboratories Private Limited Al Rahaba International Trading LLC
Holding Company:	Godrej Industries Limited (GIL) holds 75.19% (Previous year 75.19%) in the Company. GIL is the subsidiary of Godrej and Boyce Manufacturing Company Limited, the ultimate Holding Company.

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
35000000	Equity Shares	Rs.10/- each	Rs.350.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12118752	Equity Shares	Rs.10/- each	Rs.121.188 Millions

Note:

Of the above shares, (a) 91, 12,956 Equity shares of Rs.10/- each fully paid up are held by Godrej Industries Limited the Holding Company. (b) 52,47,600 Equity Shares of Rs.10/- each have been issued as fully paid bonus shares by capitalising Securities Premium Account

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		121.188	121.188	121.188
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2462.041	2751.104	2562.392
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2583.229	2872.292	2683.580
LOAN FUNDS
1] Secured Loans		251.053	580.675	290.294
2] Unsecured Loans		1358.497	400.263	2036.165
TOTAL BORROWING		1609.550	980.938	2326.459
DEFERRED TAX LIABILITIES		62.082	102.004	124.050
TOTAL		4254.861	3955.234	5134.089
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		993.579	754.307	671.443
Capital work-in-progress		157.430	76.054	41.523
INVESTMENT		2152.335	1949.717	1663.714
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1456.280	1334.991	1198.601
	Sundry Debtors	1188.322	935.349	868.572
	Cash & Bank Balances	297.816	92.384	311.922
	Other Current Assets	0.053	0.055	0.060
	Loans & Advances	1579.577	1490.590	1890.640
Total Current Assets		4522.048	3853.369	4269.795
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1183.368	1177.799	1062.442
	Other Current Liabilities	2181.273	1441.577	409.174
	Provisions	205.890	58.837	40.770
Total Current Liabilities		3570.531	2678.213	1512.386
Net Current Assets		951.517	1175.156	2757.409
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		4254.861	3955.234	5134.089

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	15983.569	13916.059	12935.470
		Other Income	177.693	214.578	271.418
		TOTAL (A)	16161.262	14130.637	13206.888
Less	EXPENSES
		Consumption Materials Changes inventories	12831.327	11418.404	10512.600
		Manufacturing other operating Expenses	2815.280	2248.445	2093.989
		TOTAL (B)	15646.607	13666.849	12606.589
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		514.655	463.788	600.299
Less	FINANCIAL EXPENSES (D)		128.283	151.082	259.668
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		386.372	312.706	340.631
Less/ Add	DEPRECIATION/ AMORTISATION (F)		83.790	63.384	72.185
	PROFIT BEFORE TAX (E-F) (G)		302.582	249.322	268.446
Less	TAX (I)		4.578	33.255	135.281
	PROFIT AFTER TAX (G-I) (J)		298.004	217.067	133.165
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1320.514	1153.509	598.782
Less	APPROPRIATIONS
		Transfer to General Reserve	29.795	21.707	14.828
		Dividend	145.425	24.236	12.118
		Tax on Dividend	24.153	4.120	2.060
	BALANCE CARRIED TO THE B/S		1419.144	1320.514	1153.509
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	11.600	7.320	15.173
	TOTAL EARNINGS		11.600	7.320	15.173
	IMPORTS
		Raw Materials	NA	295.178	326.518
		Stores & Spares	NA	18.832	4.804
		Capital Goods	NA	0.000	0.940
	TOTAL IMPORTS		NA	314.01	332.262
	Earnings Per Share (Rs.)		24.59	17.91	10.99

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.84	1.54	1.01
Net Profit Margin (PBT/Sales)	(%)	1.89	1.79	2.08
Return on Total Assets (PBT/Total Assets}	(%)	5.49	5.41	5.43
Return on Investment (ROI) (PBT/Networth)		0.12	0.08	10.00
Debt Equity Ratio (Total Liability/Networth)		2.01	1.27	1.43
Current Ratio (Current Asset/Current Liability)		1.27	1.44	2.82

LOCAL AGENCY FURTHER INFORMATION

Review of Operations

The year was extremely good for the core businesses of Animal Feeds and Agri Inputs. Animal Feeds registered 10% volume growth, with strong performance across all categories. Many of the initiatives taken over the past few years, notably separating the poultry and cattle feed sales forces, building a strong marketing team, implementing SAP and investing in R and D have begun to deliver substantial improvement to business performance. The year also saw the acquisition of 51% stake in our Aqua Feed joint-venture Godrej Gold Coin Aquafeed Limited and merger of Godrej Gold Coin Aquafeed Limited with the company.

The business-wise performance is reviewed hereunder:

ANIMAL FEEDS:

Animal Feed business recorded a good growth of 12% in volumes and 13% in revenue. The profitability grew significantly by 13% due to measures adopted for margin expansion.

Cattle Feed volumes rose modestly by 6% year-on-year, the first major increase in many years. This has been possible due to increased focus on the business by separation of the sales force into separate Cattle Feed and Poultry Feed sales teams. We also launched “Summerkool”, a cattle feed additive for heat stress prevention, and had a national launch of “MOO Magicmix”, a milk-boosting cattle feed concentrate. These innovative products have been well accepted by the market and are expected to grow significantly in the coming years.

Poultry Feed volumes also rose modestly, increasing by 6% despite adverse market conditions on account of lower placement of chicks. The placements are expected to increase in the coming year and consequently our poultry feed sales are also expected to rise significantly. From an innovation perspective, we successfully launched “Super Star” broiler feed this year, after two years of intensive R&D working. Super Star has been designed to be the best performing broiler feed in India, and farmer response to the product has been excellent.

The combined Aqua Feed business had a fantastic year with volume growth of over 50%. Going forward, this business is expected to sustain rapid growth, especially through sales of Vannamei feed and fishfeed

Efficient sourcing, improved formulation, and successful R&D efforts have helped expand our contribution margins. Central Buying Organization (CBO) was successful in forecasting maize prices and took sufficient cover at the right times. Margin expansion was also facilitated by ongoing breakthroughs in feed formulation by GAVL’s Animal Nutrition Innovation Center (ANIC). Additionally, ANIC made substantial contribution to the Animal Feed business by introducing products like “Super Star” and “Summerkool” and advancing their pipeline of innovative cattle nutrition products towards commercialization.

AGRI INPUTS:

Agri Inputs business had a very good year, growing by 20% in revenue and 40% in profitability. Hitweed, our innovative herbicide for broad leaf weeds, experienced tremendous success, with volumes growing from 21 KL in 2009-10 to 71 KL during the year. Other products that experienced strong success this year were HBR and Zymegold plant growth regulators.

Working capital requirements for the business continued to increase due to rising trade receivables. Going forward, better working capital management would be a strong focus for this business.

WAREHOUSING BUSINESS

The company is also entering the warehousing business in the coming financial year. It is expected that investments to the tune of approx Rs.750.000 Millions will be done by the company.

FINANCE AND INFORMATION SYSTEMS:

The treasury operation of the company was managed very efficiently. The company continued to procure funds at significantly lower interest rates, which had a favourable impact on the profitability of the business. The Company continues to enjoy the apex rating of A1+ from ICRA for it’s Commercial Paper Programme of Rs.600.000 Millions and for it’s short term borrowing program of Rs.2952.000 Millions. The company also continues to enjoy the rating LA for its long term borrowing program of Rs.400.000 Millions.

During the year, the company successfully implemented SAP, a world renowned, ERP solution in the Agri Input and Plant Biotech businesses of the company. The SAP implementation in the company was recognised as an excellent implementation and was awarded the prestigious “Award for Customer Excellence” from SAP for the best run award in Other Industries including Services. SAP implementation in the company was also recognised as an excellent implementation and was published as a case study by SAP. The company proposes to leverage IT for enhanced business performance by implementing Business Intelligence and Business Objects from SAP in the coming year.

OTHER INITIATIVES:

The company continues to accord great importance to the security of it’s information assets. During the year, the company continued to be accredited with ISO 27001 for Information Security Management System in all its Regional Offices and Corporate Office.

AMALGAMATION OF GODREJ GOLD COIN AQUAFEED LIMITED (GGCAL)

(a) A scheme of Amalgamation ("the Scheme") for the amalgamation of Godrej Gold Coin Aquafeed Limited (GGCAL) (a 100% Subsidiary of the Company), (called "the Transferor Company"), with Subject (the " Transferee Company"), with effect from April 1,2010, ("the Appointed date") was sanctioned by the Hon'ble High Court of Judicature at Bombay ("the Court"), vide its Order dated January 5, 2011 and certified copies of the Order of the Court sanctioning the Scheme were filed with the Registrar of Companies, Maharashtra on February 11, 2011 (the "Effective Date").

(b) The amalgamation has been accounted for under the "pooling of interests" method as prescribed by the Accounting Standard AS 14 -Accounting for Amalgamations and the specific provisions of the Scheme. Accordingly, the Scheme has been given effect to in these accounts and all the assets and liabilities of the Transferor Company stand transferred to and vested in the Transferee Company with effect from the Appointed Date and are recorded by the Transferee Company at their book values as appearing in the books of the Transferor Company.

(c) The value of the Net Assets of the Transferor Company taken over by the Transferee Company on Amalgamation is as under:

Particulars	Rs. In Millions
Fixed Assets	301.072
Cash	44.489
Inventories	500.753
Debtors and other Receivables	35.054
Less: Creditors and other Payables	(369.196)
Total	62.173

(d) As per the Scheme of the Arrangement, the Intangibles assets held by GGCAL amounting to Rs.166.914 Millions shall be adjusted against the balance in the Securities Premium Account of the Transferee Company.

(e) The excess of book value of the net assets of the Transferor Company taken over, amounting to Rs.250.571 Millions over the face value of the shares held by the Transferee Company has been credited to the Securities Premium Account as per the Scheme.

(f) Had the Scheme not prescribed the above treatment, the balance in the Securities Premium Account would have been higher by Rs.417.485 Millions and the intangible Assets would have been higher by Rs.166.914 Millions.

(g) Since the aforesaid Scheme of amalgamation of GGCAL with the Company, which is effective from April 1, 2010, has been given effect to in these accounts, the figures for the current year to that extent are not comparable with those of the previous year.

Press Release

Godrej Agrovet launches Dripzyme to meet the special nutrient requirement of horticultural crops

Dripzyme – a seaweed extract based product, specially formulated for use through drip irrigation

Mumbai, September 15, 2011: Subjet(GAVL), a subsidiary of Godrej Industries Limited announced the launch of a high performance Seaweed extract based product- Dripzyme. This highly effective product is developed to meet the special nutrient requirements of various horticultural crops across the country. Grappling with labor and water shortage, an increasing trend of progressive framers shifting to drip irrigation system is seen. This has led to the need for a specially formulated product for drip irrigated crops. Aptly named „Dripzyme‟, is most effective through the technique of drip irrigation.

Dripzyme helps in growth of additional branches, flower and fruit buds resulting in higher yields. It helps in creating an extended root system giving plants greater access to nutrients and water in the soil thereby enhancing the nutritional value of the yield. It not only improves quality of produce but also aids in saving labor, time and aids in better absorption of nutrients from soil

Balram Singh Yadav, Managing Director, Godrej Agrovet said, “Adoption of drip irrigation in grapes is almost 100% and highest in Maharashtra among all the states. Dripzyme provides an opportunity to the grape growers to improve yield, quality of their produce and realize higher price. Godrej Agrovet is focused on developing innovative products & initiatives to help farmers achieve greater productivity. Dripzyme, our latest offering bears the same philosophy and since adoption of drip irrigation is growing in many states across the country, it would definitely add value to a large number of farmers.”

Drip variant is gaining acceptance among vegetable and grape growers. In grapes, it increases the formation of fruit buds, improves fertility of existing buds and increases the bunch size. It also improves translocation of sugars in the berries which in turn increases TSS content. In vegetables, it creates an extended root system giving plants greater access to nutrients and water in the soil, increases additional branches, flower and fruit buds resulting in higher yields. Dripzyme would be available in Maharashtra, Karnataka, Andhra Pradesh and Tamil Nadu in 500 ml, 1litre and 5 litre packs.

Bankers Charges Report as per Registry

Corporate identity number of the company	U15410MH1991PLC135359
Name of the company	GODREJ AGROVET LIMITED
Address of the registered office or of the principal place of business in India of the company	Pirojsha Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400079, Maharashtra, India
This form is for	Creation of charge
Type of charge	Movable Property Others (Plant and Machinery)
Particular of charge holder	3i Infotech Trusteeship Services Limited, 3rd to 6th Floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai – 400 703, Maharashtra, India prashant.joshi@3i-itsl.com
Nature of instrument creating charge	Deed of Hypothecation
Date of instrument Creating the charge	06.04.2009
Amount secured by the charge	Rs.950.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest The rate of interest for each tranche of the facility will be stipulated by ICICI Bank at the time of disbursement of each tranche on the basis of the repayment schedule for that drawal plus applicable interest tax or other statutory levy, if any. Terms of Repayment Line of credit for short term loans Rs.700 millions and Rs.250 millions: Maximum tenor of each tranche: 180 days or 90 days respectively up to validity period of facility, whichever is earlier. Minimum tenor of each tranche 7 days. Principal amount of each tranche is to be repaid as bullet payment on the maturity date or in installments as agreed upon, but within the validity period of the facility. Margin Not Applicable Extent and Operation of the charge The facilities will be secured by exclusive charge on plant and machinery situated at Chennai, Miraj, Sachin, Kolkata and Bangalore of the company with a valuation of Rs.100 millions or more.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	The facilities will be secured by exclusive charge on plant and machinery situated at Chennai, Miraj, Sachin, Kolkata and Bangalore of the company with a valuation of Rs.100 millions or more.

FIXED ASSETS

• Freehold Land
• Leasehold Land
• Building
• Staff Quarter
• Plant and Machinery
• Furniture and Fixture
• Leasehold Improvement
• Office and other Equipments
• Vehicles
• Research Center

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.49.35
UK Pound	1	Rs.78.68
Euro	1	Rs.65.63

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	9
--PROFITABILIRY	1~10	9
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	8
--RESERVES	1~10	9
--CREDIT LINES	1~10	8
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		72

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	-

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