1. Summary Information

		Country	India
Company Name	B.V. BIO-CORP PRIVATE LIMITED	Principal Name 1	Mrs. Anuradha Jitendra Desai
Status	Good	Principal Name 2	Mr. Balaji B. Vasudev Rao
		Registration #	11-016680
Street Address	Venkateshwara House S. No. 114/A/2, Pune-Sinhagad Road, Viththalwadi, Pune - 411 030, Maharashtra
Established Date	15.01.2002	SIC Code	--
Telephone#	91-20-24251530	Business Style 1	Manufacturer
Fax #	91-20-24251077	Business Style 2	Exporter
Homepage	--	Product Name 1	Poultry Products
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs.10,000,000/-	Product Name 3	--
Shareholders	Bodies corporate 3.06%, Directors or relatives of directors 96.94%	Banking	Bank of Maharashtra
Public Limited Corp.	No	Business Period	9 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	A (58)
Related Company
Relation	Country	Company Name	CEO
Subsidiary	USA	Waywards Acres Inc.	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	608,473,000	Current Liabilities	239,825,000
Inventories	168,862,000	Long-term Liabilities	162,444,000
Fixed Assets	84,673,000	Other Liabilities	5,163,000
Deferred Assets	000	Total Liabilities	407,432,000
Invest& other Assets	45,608,000	Retained Earnings	490,184,000
		Net Worth	500,184,000
Total Assets	907,616,000	Total Liab. & Equity	907,616,000
Total Assets (Previous Year)	830,170,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales/ Total Income	1,672,610,000	Net Profit	125,741,000
Sales(Previous yr)/ Total Income	1,579,072,000	Net Profit(Prev.yr)	128,796,000

MIRA INFORM REPORT

Report Date :

09.03.2012

IDENTIFICATION DETAILS

Name :	B.V. BIO-CORP PRIVATE LIMITED [w.e.f. 19.08.2008]
Formerly Known As :	B.V. BIO-CORP LIMITED
Registered Office :	Venkateshwara House S. No. 114/A/2, Pune-Sinhagad Road, Viththalwadi, Pune - 411 030, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.01.2002
Com. Reg. No.:	11-016680
Capital Investment / Paid-up Capital :	Rs.10.000 Millions
CIN No.: [Company Identification No.]	U15332PN2002PTC016680
TAN No.: [Tax Deduction & Collection Account No.]	PNEB02478A
PAN No.: [Permanent Account No.]	AABCB8390C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Poultry Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (58)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 2000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having good track. Financial position of the company appears to be good. Trade relations are reported as fair. Business is active. Payments are reported to regular and as per commitments. The company can be considered good 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 / Corporate Office :	Venkateshwara House, S. No. 114/A/2, Pune-Sinhagad Road, Viththalwadi, Pune - 411030, Maharashtra, India
Tel. No.:	91-20-24251530 to 41 / 24389144 / Extn: 287 and 289
Fax No.:	91-20-24251077 / 1060
E-Mail :	response@venkys.com corp.sec@venkys.com corp.shares@venkys.com
Central Marketing Office :	Unit No. 3/303, Sharada Center 3rd Floor, 11/1Erandwane, Pune - 411004 , Maharashtra, India
Tel. No.:	91-20-25448834, 25422876/887  / 25453288
Fax No.:	91-20-25458797
E-Mail :	vh.exports@venkys.com vilexports@rediffmail.com rahul.sawarkar@venkys.com
Factory :	Gat No. 215 Part (Old Gat No. 619), Mouje Village, Morwadi (Kikwichi), Taluka Bhor, District Pune, Maharashtra , India

DIRECTORS

As on 04.07.2011

Name :

Mrs. Anuradha Jitendra Desai

Designation :

Director

Address :

“Venkattesh Farms”, S. No. 95/1, N. D. A. Road, Village Mauje Warje, Taluka, Pune – 411029, Maharashtra, India

Date of Birth/Age :

15.05.1962

Date of Appointment :

15.01.2002

Din No.:

00012212

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U01222AP1971PTC001422	VENKATESHWARA HATCHERIES PRIVATE LIMITED	Managing director	27-10-83	27-10-83	Active	NO
2	U07222PN1980PTC017423	VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	03-12-84	03-12-84	Active	NO
3	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Director	02-12-88	02-12-88	Active	NO
4	U65999MH1987PTC023309	SRIVENK INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	29-01-91	29-01-91	Active	NO
5	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	14-03-96	14-03-96	Active	NO
6	U01222PN1980PTC017494	VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	15-03-96	15-03-96	Active	NO
7	U29299PN1993PTC020678	VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED	Director	18-03-96	18-03-96	Active	NO
8	U15400AP1982PLC070673	AGROCORPEX INDIA LIMITED	Director	23-03-96	23-03-96	Active	NO
9	U15332MH1996PTC099964	UTTARA FOODS AND FEEDS PRIVATE LIMITED	Director	04-06-96	04-06-96	Active	NO
10	U67120MH1982PTC027946	VENKA INVESTMENTS PRIVATE LIMITED	Director	30-06-97	30-06-97	Active	NO
11	U92111MH1998PTC114045	BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED	Director	19-03-98	19-03-98	Active	NO
12	U01222AP2000NPL035402	POULTRY DEVELOPMENT PROMOTION COUNCIL	Director	05-10-00	05-10-00	Active	NO
13	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	15-01-02	15-01-02	Active	NO
14	U74220PN2002NPL017463	NATIONAL AGRICULTURE AND FOOD ANALYSIS AND RESEARCH INSTITUTE	Director	13-12-02	13-12-02	Active	NO
15	U55101MH2000PLC187834	LAVASA CORPORATION LIMITED	Director	24-02-03	24-02-03	Active	NO
16	U15136PN2004PTC018753	UTTARA MASALA PRODUCTS PRIVATE LIMITED	Director	08-01-04	08-01-04	Active	NO
17	U74140DL2004NPL125424	CENTRE FOR INTERNATIONAL TRADE IN AGRICULTURE AND AGRO BASED INDUSTRIES	Director	25-03-04	25-03-04	Active	NO
18	U01222AP1998NPL029027	BHARAT EGG PRODUCERS' ASSOCIATION	Director	30-09-04	30-09-04	Active	NO
19	U01222PN2005PTC020345	ALL INDIA POULTRY DEVELOPMENT AND SERVICES PRIVATE LIMITED	Director	28-02-05	28-02-05	Active	NO
20	U00029PN2006PTC022258	UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED	Director	30-03-06	30-03-06	Active	NO
21	U00029PN2006PTC022259	UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED	Director	30-03-06	30-03-06	Active	NO
22	U24230PN2007PTC130916	UTTARA BIOSCIENCES PRIVATE LIMITED	Director	27-10-07	27-10-07	Active	NO
23	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Director	20-01-09	20-01-09	Active	NO
24	U01222OR1985PTC002190	EASTERN HATCHERIES PRIVATE LIMITED	Director	19-06-10	23-04-10	Active	NO
25	U73100PN2011PTC140966	SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED	Director	04-10-11	04-10-11	Active	NO

Name :

Mr. Venkatesh B. Vasudev Rao

Designation :

Director

Address :

“Venkattesh Farms”, S. No. 95/1, N. D. A. Road, Village Mauje Warje, Taluka, Pune – 411029, Maharashtra, India

Date of Birth/Age :

31.12.1965

Date of Appointment :

15.01.2002

Din No.:

00013614

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U67120MH1982PTC027946	VENKA INVESTMENTS PRIVATE LIMITED	Director	07-08-82	07-08-82	Active	NO
2	U01222OR1985PTC002190	EASTERN HATCHERIES PRIVATE LIMITED	Director	11-11-85	11-11-85	Active	NO
3	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Director	10-11-95	10-11-95	Active	NO
4	U01222AP1971PTC001422	VENKATESHWARA HATCHERIES PRIVATE LIMITED	Managing director	10-11-95	10-11-95	Active	NO
5	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	14-03-96	14-03-96	Active	NO
6	U07222PN1980PTC017423	VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	16-03-96	16-03-96	Active	NO
7	U29299PN1993PTC020678	VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED	Director	18-03-96	18-03-96	Active	NO
8	U15332MH1996PTC099964	UTTARA FOODS AND FEEDS PRIVATE LIMITED	Managing director	04-06-96	04-06-96	Active	NO
9	U92111MH1998PTC114045	BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED	Director	19-03-98	19-03-98	Active	NO
10	U01222PN1980PTC017494	VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	12-07-01	12-07-01	Active	NO
11	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	15-01-02	15-01-02	Active	NO
12	U15136PN2004PTC018753	UTTARA MASALA PRODUCTS PRIVATE LIMITED	Director	08-01-04	08-01-04	Active	NO
13	U01222AP1998NPL029027	BHARAT EGG PRODUCERS' ASSOCIATION	Director	30-09-04	30-09-04	Active	NO
14	U01222PN2005PTC020345	ALL INDIA POULTRY DEVELOPMENT AND SERVICES PRIVATE LIMITED	Director	28-02-05	28-02-05	Active	NO
15	U00029PN2006PTC022259	UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED	Director	30-03-06	30-03-06	Active	NO
16	U00029PN2006PTC022258	UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED	Director	30-03-06	30-03-06	Active	NO
17	U24230PN2007PTC130916	UTTARA BIOSCIENCES PRIVATE LIMITED	Managing director	20-06-08	27-10-07	Active	NO
18	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Managing director	31-07-10	20-01-09	Active	NO
19	U73100PN2011PTC140966	SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED	Director	04-10-11	04-10-11	Active	NO

Name :

Mr. Balaji B. Vasudev Rao

Designation :

Director

Address :

“Venkattesh Farms”, S. No. 95/1, N. D. A. Road, Village Mauje Warje, Taluka, Pune – 411029, Maharashtra, India

Date of Birth/Age :

08.12.1972

Date of Appointment :

15.01.2002

Din No.:

00013551

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Managing director	01-11-07	09-11-95	Active	NO
2	U01222AP1971PTC001422	VENKATESHWARA HATCHERIES PRIVATE LIMITED	Whole-time director	10-11-95	10-11-95	Active	NO
3	U15332MH1996PTC099964	UTTARA FOODS AND FEEDS PRIVATE LIMITED	Director	04-06-96	04-06-96	Active	NO
4	U92111MH1998PTC114045	BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED	Director	19-03-98	19-03-98	Active	NO
5	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	15-01-02	15-01-02	Active	NO
6	U15136PN2004PTC018753	UTTARA MASALA PRODUCTS PRIVATE LIMITED	Director	08-01-04	08-01-04	Active	NO
7	U00029PN2006PTC022259	UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED	Director	30-03-06	30-03-06	Active	NO
8	U00029PN2006PTC022258	UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED	Director	30-03-06	30-03-06	Active	NO
9	U24230PN2007PTC130916	UTTARA BIOSCIENCES PRIVATE LIMITED	Director	27-10-07	27-10-07	Active	NO
10	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Director	20-01-09	20-01-09	Active	NO
11	U01222OR1985PTC002190	EASTERN HATCHERIES PRIVATE LIMITED	Director	19-06-10	23-04-10	Active	NO
12	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	04-07-11	28-10-10	Active	NO
13	U73100PN2011PTC140966	SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED	Director	04-10-11	04-10-11	Active	NO

Name :

Mr. Jitendra Morreshwar Desai

Designation :

Director

Address :

“Venkattesh Farms”, S. No. 95/1, N. D. A. Road, Village Mauje Warje, Taluka, Pune – 411029, Maharashtra, India

Date of Birth/Age :

27.04.1962

Date of Appointment :

15.01.2002

Din No.:

00013533

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U67120MH1982PTC027946	VENKA INVESTMENTS PRIVATE LIMITED	Director	20-01-91	20-01-91	Active	NO
2	U65999MH1987PTC023309	SRIVENK INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	29-01-91	29-01-91	Active	NO
3	U01222PN1980PTC017494	VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED	Managing director	22-03-91	22-03-91	Active	NO
4	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	12-04-93	12-04-93	Active	NO
5	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Director	30-11-93	30-11-93	Active	NO
6	U01222OR1985PTC002190	EASTERN HATCHERIES PRIVATE LIMITED	Director	05-12-94	05-12-94	Active	NO
7	U01222AP1971PTC001422	VENKATESHWARA HATCHERIES PRIVATE LIMITED	Whole-time director	23-12-94	23-12-94	Active	NO
8	U92111MH1998PTC114045	BALA ENTERTAINMENT INTERNATIONAL PRIVATE LIMITED	Director	19-03-98	19-03-98	Active	NO
9	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	15-01-02	15-01-02	Active	NO
10	U15136PN2004PTC018753	UTTARA MASALA PRODUCTS PRIVATE LIMITED	Director	08-01-04	08-01-04	Active	NO
11	U00029PN2006PTC022258	UTTARA HATCHERIES AND AGRI-FARMS PRIVATE LIMITED	Director	30-03-06	30-03-06	Active	NO
12	U00029PN2006PTC022259	UTTARA POULTRY AND AGRI-FARMS PRIVATE LIMITED	Director	30-03-06	30-03-06	Active	NO
13	U29299PN1993PTC020678	VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED	Director	27-11-06	27-11-06	Active	NO
14	U07222PN1980PTC017423	VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED	Alternate director	16-03-11	30-03-07	Active	NO
15	U24230PN2007PTC130916	UTTARA BIOSCIENCES PRIVATE LIMITED	Director	27-10-07	27-10-07	Active	NO
16	U51909PN2009PTC133389	UTTARA IMPEX PRIVATE LIMITED	Director	20-01-09	20-01-09	Active	NO
17	U73100PN2011PTC140966	SRIVENK BIOLOGICAL LABORATORIES PRIVATE LIMITED	Director	04-10-11	04-10-11	Active	NO

Name :

Dr. Gendalal Chaaganlal Jain

Designation :

Director

Address :

4, Ramnadhi Co-operative Housing Society Bavdhan, Khurd, Pune – 411027,Maharashtra, India

Date of Birth/Age :

29.02.1940

Date of Appointment :

15.01.2002

Din No.:

00014692

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	U07222PN1980PTC017423	VENCO RESEARCH AND BREEDING FARM PRIVATE LIMITED	Managing director	12-07-90	12-07-90	-	Active	NO
2	U65999MH1987PTC023309	SRIVENK INVESTMENTS AND FINANCE PRIVATE LIMITED	Director	29-01-91	29-01-91	-	Active	NO
3	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	15-01-02	15-01-02	-	Active	NO
4	U01222PN2006PTC128744	SRIVENK LAYER BREEDER FARM PRIVATE LIMITED	Director	12-07-06	12-07-06	-	Active	NO
5	U01222PN2006PTC128743	BANDA LAYER RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	12-07-06	12-07-06	-	Active	NO
6	U01222PN2006PTC128745	VASU LAYER BREEDER FARM PRIVATE LIMITED	Director	12-07-06	12-07-06	-	Active	NO
7	U01222PN2006PTC128791	SRIVENK BROILER RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	20-07-06	20-07-06	-	Active	NO
8	U01222PN2006PTC128789	VASU BROILER RESEARCH AND BREEDING FARM PRIVATE LIMITED	Director	20-07-06	20-07-06	-	Active	NO
9	U01222PN2006PTC128790	BANDA BROILER BREEDER FARM PRIVATE LIMITED	Director	20-07-06	20-07-06	-	Active	NO
10	U01222PN1980PTC017494	VENKATESHWARA RESEARCH AND BREEDING FARM PRIVATE LIMITED	Alternate director	15-04-08	01-08-06	22-06-10	Active	NO
11	U01222PN2006PTC129047	UTTARA BROILER BREEDER FARM PRIVATE LIMITED	Director	12-09-06	12-09-06	-	Active	NO

Name :

Mr. Ashok Kumar Harikishanlal Mahajan

Designation :

Director

Address :

Flat No. 304, Brownie Nyati Estate, Mohammad Wadi, Hadapsar, Pune – 411 028, Maharashtra, India

Date of Birth/Age :

20.05.1945

Date of Appointment :

21.10.2005

Din No.:

00017150

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L01222PN1976PLC017422	VENKY'S (INDIA) LIMITED	Director	21-10-05	21-10-05	Active	NO
2	U29299PN1993PTC020678	VENKATESHWARA ENGINEERING INDUSTRIES PRIVATE LIMITED	Director	31-01-07	31-01-07	Active	NO
3	U74999PN1988PTC020677	BALA INDUSTRIES AND ENTERTAINMENT PRIVATE LIMITED	Director	31-01-07	31-01-07	Active	NO
4	U15332PN2002PTC016680	B.V. BIO-CORP PRIVATE LIMITED	Director	01-08-07	01-08-07	Active	NO

KEY EXECUTIVES

Name :	Mr. Chandranil Sudhir Belvalkar
Designation :	Secretary
Address :	Shree Mangal Co Operative Housing Society, C2 Wing, Flat No. 12, Dhankawadi, Pune-411043, Maharashtra, India
Date of Birth/Age :	23.12.1982
Date of Appointment :	18.01.2010
Pan No.:	APEPB4379Q

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 04.07.2011

Names of Shareholders	No. of Shares
Anuradha Jitendra Desai	100000
Venkatesh B. Vasudev Rao	239814
Balaji Rao	239814
Jitendra M Desai	100000
G.L Jain	50000
Srivenk Investment Private Limited, India	554
Venkateshwara Hatcheries Private Limited, India	30004
Utttar J. Desai	239814
Total	1000000

As on 04.07.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	3.06
Directors or relatives of directors	96.94
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Poultry Products.

Products :

PRODUCT DESCRIPTION	ITEM CODE
Animal Feed Concentrates Additives and Supplements	38084000
Disinfectants	84248100
Pet Care Product	23091000

PRODUCTION STATUS [AS ON 31.03.2010]

Particulars	Unit	Installed Capacity
Feed Supplements	Kgs.	3600000
Disinfectants	Ltrs.	720000
Powder Feed Supplements	Kgs.	3000000
Power Sprayers	Nos.	250

ACTUAL PRODUCTION:

Particular	Unit	Actual Production
Feed Supplements	Kgs.	3754962
Disinfectants	Ltrs.	818456
Power Sprayers	Nos.	--
Cattle and Pet Care Products	Kgs.	235656
Health Care Products (At External Facility)	Kgs.	101769
Dairy Products	Ltr.	1209319

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Bank of Maharashtra, Agri Hi-Tech Branch, Pune Sinhagad Road, Pune-411030, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loan	11.692	46.913
Working capital loans	150.752	125.067
Total	162.444	171.980

Banking Relations :	--
Auditors :
Name :	Sudit K. Parekh and Company Chartered Accountants
Address :	Ballard House 2^nd Floor Adimarzban Path, Ballard Pier Fort, Mumbai- 400001, Maharashtra, India
Tel. No.:	91-20-66454800 / 66178000
Fax No.:	91-20-66454840 / 66178002
Pan No.:	AAAFA4500P
Subsidiaries :	Waywards Acres Inc., USA
Related Parties:	· Uttara Foods and Feeds Private Limited · Venkateshwara Foods and Feeds (Firm) · Venkateshwara Hatcheries Private Limited · Venky's (India) Limited · Venco Research and Breeding Farm Private Limited · Eastern Hatcheries Private Limited · Venkateshwara Research and Breeding Farm Private Limited · Uttara Imprex Private Limited

CAPITAL STRUCTURE

As on 04.07.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 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		10.000	10.000	10.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		490.184	363.896	249.696
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		500.184	373.896	259.696
LOAN FUNDS
1] Secured Loans		162.444	171.980	251.010
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		162.444	171.980	251.010
DEFERRED TAX LIABILITIES		1.630	2.529	3.444
TOTAL		664.258	548.405	514.150
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		84.673	95.059	107.857
Capital work-in-progress		19.423	15.052	15.180
INVESTMENT		26.185	26.185	26.260
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	168.862	181.215	136.095
	Sundry Debtors	385.907	376.490	348.549
	Cash & Bank Balances	86.431	52.470	71.444
	Other Current Assets	4.720	6.231	2.847
	Loans & Advances	131.415	77.468	49.236
Total Current Assets		777.335	693.874	608.171
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	225.288	250.397	231.571
	Other Current Liabilities	14.537	13.145	8.285
	Provisions	3.533	18.223	3.462
Total Current Liabilities		243.358	281.765	243.318
Net Current Assets		533.977	412.109	364.853
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		664.258	548.405	514.150

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income		1579.072	1133.916
		Other Income		25.750	6.680
		TOTAL (A)	1672.610	1604.822	1140.596
Less	EXPENSES
		Manufacturing and Other Expenses		1002.641	822.403
		Goods Purchased for Trading	1452.488	379.380	249.368
		Prior Period Items		0.517	0.730
		Increase / Decrease in Stocks		(20.686)	(20.520)
		TOTAL (B)	1452.488	1361.852	1051.981
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		220.122	242.970	88.615
Less	FINANCIAL EXPENSES (D)		18.056	23.017	23.616
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		202.066	219.953	64.999
Less/ Add	DEPRECIATION/ AMORTISATION (F)		10.724	19.571	19.651
	PROFIT BEFORE TAX (E-F) (G)		191.342	200.382	45.348
Less	TAX (H)		65.601	71.586	21.202
	PROFIT AFTER TAX (G-H) (I)		125.741	128.796	24.146
Less	TAX ADJUSTMENT IN RESPECT OF EARLIER YEARS		(0.547)	0.020	0.000
Less	APPROPRIATIONS
		Transfer to General Reserve	13.000	13.278	2.415
		Interim Dividend	0.000	0.000	15.000
		Proposed Dividend	0.000	12.500	0.000
		Tax on Dividend	0.000	2.076	2.549
	BALANCE CARRIED TO THE B/S		113.288	100.922	4.182
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	0.797	2.296
	IMPORTS
		Raw Materials	NA	719.716	478.817
	Earnings Per Share (Rs.)		125.74	128.80	24.15

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	7.52	8.03	2.12
Net Profit Margin (PBT/Sales)	(%)	NA	12.69	4.00
Return on Total Assets (PBT/Total Assets}	(%)	22.20	25.40	6.33
Return on Investment (ROI) (PBT/Networth)		0.38	0.54	0.17
Debt Equity Ratio (Total Liability/Networth)		0.81	1.21	1.90
Current Ratio (Current Asset/Current Liability)		3.19	2.46	2.50

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS:

During the year the company has earned a gross income of Rs. 1672.600 Millions as compared to Rs. 1604.800 Millions in the previous year. The profit after tax is Rs. 125.700 Millions as against Rs. 128.800 Millions in the previous year.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Modification of charge
Charge identification number of the modified	90082851
Corporate identity number of the company	U15332PN2002PTC016680
Name of the company	B.V. BIO-CORP Private LIMITED
Address of the registered office or of the principal place of business in India of the company	Venkateshwara House, S. No. 114/A/2, Pune-Sinhagad Road, Viththalwadi, Pune - 411 030, Maharashtra, India
Type of charge	Book Debts Movable Property [not being pledge]
Particular of charge holder	Bank of Maharashtra, Agri Hi-Tech Branch, Pune Sinhagad Road, Pune-411030, Maharashtra, India
Email	brmgr1142@mahabank.co.in
Nature of description of the instrument creating or modifying the charge	1.Memorandum record of deposit of title deeds - For Cash credit 2.Memorandum record of deposit of title deeds - For Term loan
Date of instrument Creating the charge	16.11.2011
Amount secured by the charge	Rs.320.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Term Loan: Base rate + 3.25% i.e. presently @ 13.95% p.a. with monthly rests. Cash credit: Base rate + 3.25% i.e. presently @ 13.95% p.a. with monthly rests. Terms of Repayment Term loan: principal to be repaid in 72 equal installments of Rs. 1.528 millions per month commencing from October 2012. Interest to be paid extra as and when due including interest during moratorium period. Total tenor of the loan is 84 months inclusive of moratorium of 12 months. Cash credit: Repayable on demand Margin Term loan: 29% Cash Credit: 25% Extent and Operation of the charge The charge covers the sanctioned Cash Credit facilities of Rs.160.000 millions Inland and Import letter of credit facility of Rs.50.000 millions and Term loan of Rs.110.000 millions aggregating to Rs.320.000 millions along with interest / penal interest and other Bank charges against the security.
Short particulars of the property charged	For Cash Credit: First / additional charge and security by way of equitable mortgage by deposit of title deeds over the immovable properties of the Company situate at: All those piece and parcel of Gat No 215 (part) in Vill. Morwadi at District Pune, Sub District Bhor, admeasuring 3 H 08 R and all those piece and parcel of land bearing Khewat 123 Khauni 165 Mo 26/8/2 (4-0), 9 (9-5),10 (7-4) 26/11/1 (0-01) 11/2 (3-14), 13 (7-04) Kita total admeasuring about 31K-08 M at village Patvi Tehshil Naraingarh District Ambala together with the plot of land and all and singular the buildings, structures, construction Now standing or that may be created hereafter created and compounds, yards, area, ways, passages, sewers, drains, trees etc as per the Memorandum record of deposit of title deeds dated 16.11.2011 For Term Loan : First / additional charge and security by way of equitable mortgage by deposit of title deeds over the immovable properties of the Company situate at: All those piece and parcel of Gat No 215 (part) in Vill. Morwadi at District Pune, Sub District Bhor, admeasuring 3 H 08 R and all those piece and parcel of land bearing Khewat 123 Khauni 165 Mo 26/8/2 (4-0), 9 (9-5),10 (7-4) 26/11/1 (0-01) 11/2 (3-14), 13 (7-04) Kita total admeasuring about 31K-08 M at Vill. Patvi Tehshil Naraingarh District Ambala and all those piece and parcel of land bearing Gat No.346 bearing old Gat No.650 in Vill. Morwadi (Kikawi) Tashil Bhor District Pune admeasuring about 4 Hectare 98.25 R out of original land 6 Hector 92 R together with the plot of land and all and singular the buildings, structures, construction Now standing or that may be created hereafter created and compounds, yards, area, ways, passages, sewers, drains, trees etc as per the Memorandum record of deposit of title deeds dated 16.11.2011
Date of latest modification prior to the present modification	28.02.2009
Particulars of the present modification	Additional security has been provided to secure Cash Credit Rs.160.000 millions Letter of Credit Rs.50.000 millions and Term loan Rs.11,00,00,000/- aggregating to Rs.320.000 millions sanctioned by Bank of Maharashtra by Charge on the immovable properties of the company, title deeds for cash credit and Term Loan facilities dated 16.11.2011.

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Electrical Installation

· Office Equipments

· Furniture and Fixtures

· Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.57
UK Pound	1	Rs.79.57
Euro	1	Rs.66.50

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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		58

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.