MIRA INFORM REPORT

Report Date :

14.03.2012

IDENTIFICATION DETAILS

Name :	GLOBAL GREEN COMPANY LIMITED (w.e.f 31.03.1998)
Formerly Known As :	REITZEL INDIA LIMITED
Registered Office :	Thapar House, 124, Janpath, New Delhi - 110 001
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	18.02.1992
Com. Reg. No.:	55-47666
Capital Investment / Paid-up Capital :	Rs.424.195 Millions
CIN No.: [Company Identification No.]	U02001DL1992PLC047666
TAN No.: [Tax Deduction & Collection Account No.]	HYDG01662D
PAN No.: [Permanent Account No.]	AAACR0635H
Legal Form :	Closely Held Public Limited Liability Company.
Line of Business :	Manufacturing, Distribution and Selling of Pickled Cucumbers (Gherkins, Cornichons, Pickles and Relish), Sweet-Corn, Silver Skin Onions, Peppers (Jalapeño And Paprika), Cherries, Capers And Mixed Vegetables.
No. of Employees :	300 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (31)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 3710000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears huge losses incurred by the company in the current year. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some cautions.

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 :	Thapar House, 124, Janpath, New Delhi - 110 001, India
Tel. No.:	91-11-23368332 / 23368811
Fax No.:	91-11-23368729
E-Mail :	misac@globalgreencompany.com kmanjunath@globalgreencompany.com sbudhiraja@bilt.com pavan.kumar@globalgreengroup.co careers@globalgreengroup.com enquiries@globalgreengroup.com
Website :	http://www.globalgreencompany.com
Global Head Quarter/ Corporate Office/ Factory :	No.14, 80 Feet Road, 4^th Block, Koramangala, Bangalore-560034, Karnataka, India
Tel. No.:	91-80-25536035/38
Fax No.:	91-80-25536061
E-Mail :	enquiries@globalgreencompany.com
European Head Quarter :	Intergarden NV., Wijngaardveld 16, 9300 Aalst, Belgium
Tel. No.:	+32 53788989
Fax No.:	+32 53784570
North America Head Quarter :	Global Green USA Limited, 19, Spear Road, Suite 308, Ramsey, NJ 07446, USA.
Tel. No.:	+1 201 3272228
Fax No.:	+1 201 3272275
Head Office/ Factory 1:	220, Alembic Glass Complex, Whitefield Campuss, Hoskote Road, Whitefield, Bangalore - 560 066, Karnataka
Tel. No.:	91-80-28453792/28453793/28453019/28451957
Fax No.:	91-80-28453063
Factory 2 :	Venkatapur Village, Kohar Mandal, Medak District, Andhra Pradesh
Branches :	Located at : Delhi Hyderabad Bangalore
Overseas Office:	Located at : USA Belgium Hungary Istanbul, Turkey

DIRECTORS

As on 30.09.2011

Name :

Mr. Gautam Thapar

Designation :

Director

Address :

E – 16, Pushpanjali Farm, S Bijwasan, New Delhi-110061

Date of Birth/Age :

07.12.1960

Date of Appointment :

15.04.1994

DIN No.:

00012289

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	U21019DL1975PLC198598	BILT PAPER HOLDINGS LIMITED	Managing director	01-04-10	06-08-93	-	Amalgamated	NO
2	U02001DL1992PLC047666	GLOBAL GREEN COMPANY LIMITED	Director	15-04-94	15-04-94	-	Active	NO
3	U74899DL1994PTC061845	VANI AGENCIES PRIVATE LIMITED	Director	29-09-94	29-09-94	01-07-09	Active	NO
4	U51102DL1997PLC112862	SOLARIS CHEMTECH LIMITED	Director	29-12-97	29-12-97	-	Amalgamated	NO
5	L21010MH1945PLC010337	BALLARPUR INDUSTRIES LIMITED	Director	01-04-10	16-04-99	-	Active	NO
6	U67120MH1978PLC020308	CG CAPITAL AND INVESTMENTS LIMITED	Director	30-03-01	30-03-01	-	Amalgamated	NO
7	L26102DL1984PLC019542	ASAHI INDIA GLASS LIMITED	Director	22-03-02	22-03-02	-	Active	NO
8	U80101MH2002NPL136300	Pratham Education Foundation	Director	01-10-02	01-10-02	18-06-09	Active	NO
9	U51900MH2000PTC127339	OSIAN'S - CONNOISSEURS OF ART PRIVATE LIMITED	Director	16-12-02	16-12-02	24-12-09	Active	NO
10	U51396DL2004PLC129498	KCT PAPERS LIMITED	Director	28-09-04	28-09-04	-	Amalgamated	NO
11	L99999MH1937PLC002641	CROMPTON GREAVES LIMITED	Director	07-08-05	07-08-05	-	Active	NO
12	U74140DL2005PLC135984	SALIENT BUSINESS SOLUTIONS LIMITED	Director	07-10-05	07-10-05	-	Active	NO
13	U67120DL2003PLC198253	SOLARIS HOLDINGS LIMITED	Director	29-06-07	22-08-06	-	Amalgamated	NO
14	L99999MH1922PLC000987	GREAVES COTTON LIMITED	Director	24-09-06	24-09-06	16-05-07	Active	NO
15	U70102DL1981PLC198595	AVANTHA REALTY LIMITED	Director	26-12-07	02-02-07	13-12-11	Active	NO
16	U67120DL1998PLC198627	AVANTHA HOLDINGS LIMITED	Whole-time director	01-04-11	02-02-07	-	Active	NO
17	U52110DL1992PLC005844	KARAM CHAND THAPAR AND BROS. LIMITED	Director	28-12-07	26-02-07	-	Amalgamated	NO
18	U55101MH2000PLC187834	LAVASA CORPORATION LIMITED	Director	04-06-07	27-02-07	-	Active	NO
19	U01214DL2004PTC125167	SOHNA STUD FARM PRIVATE LIMITED	Director	07-09-07	10-05-07	-	Active	NO
20	U80903DL2009NPL189043	AVANTHA FOUNDATION	Director	01-04-09	01-04-09	-	Active	NO
21	U99999UR1928NPL002455	INDIAN PUBLIC SCHOOLS SOCIETY	Director	21-12-10	21-12-10	-	Active	NO

Name :

Mr. Bhuthalingam Hariharan

Designation :

Director

Address :

D-2/3, Vasant Vihar, New Delhi-110057

Date of Birth/Age :

18.04.1957

Date of Appointment :

25.05.1999

DIN No.:

00012432

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	U51102DL1997PLC112862	SOLARIS CHEMTECH LIMITED	Director	29-12-97	29-12-97	-	Amalgamated	NO
2	U02001DL1992PLC047666	GLOBAL GREEN COMPANY LIMITED	Nominee director	18-11-11	25-05-99	-	Active	NO
3	U36999DL1989PLC034942	BILT TREE TECH LIMITED	Director	17-08-00	17-08-00	-	Active	NO
4	L21010MH1945PLC010337	BALLARPUR INDUSTRIES LIMITED	Whole-time director	21-06-01	21-06-01	-	Active	NO
5	U67120DL1998PLC198627	AVANTHA HOLDINGS LIMITED	Director	26-03-11	06-03-02	-	Active	NO
6	U65999DL2003PLC119508	NEWQUEST INSURANCE BROKING SERVICES LIMITED	Director	24-03-03	24-03-03	-	Active	NO
7	U67120DL2003PLC198253	SOLARIS HOLDINGS LIMITED	Director	04-04-03	04-04-03	-	Amalgamated	NO
8	U74140DL2005PLC135984	SALIENT BUSINESS SOLUTIONS LIMITED	Director	07-10-05	07-10-05	-	Active	NO
9	U22121DL2005PTC138214	CONTENT SERVICES AND PUBLISHING PRIVATE LIMITED	Director	08-03-06	08-03-06	12-03-10	Active	NO
10	U40101DL2005PLC138906	AVANTHA POWER & INFRASTRUCTURE LIMITED	Director	13-12-06	12-06-06	-	Active	NO
11	U21000MH2007PLC172382	BILT GRAPHIC PAPER PRODUCTS LIMITED	Director	16-07-07	16-07-07	-	Active	NO
12	U24119DL2001PLC111100	SOLARIS CHEMTECH INDUSTRIES LIMITED	Director	31-12-08	26-09-08	-	Active	NO
13	U67120DL2003PTC121919	TOPSCORE TRADEVARIETY PRIVATE LIMITED	Director	30-09-10	21-07-09	-	Amalgamated	NO
14	U24296DL2004PLC129497	KCT CHEMICALS AND ELECTRICALS LIMITED	Director	08-09-09	21-07-09	-	Amalgamated	NO
15	U70102DL1981PLC198595	AVANTHA REALTY LIMITED	Director	30-09-10	04-11-09	-	Active	NO
16	U72900DL2001PLC109058	BILTECH BUILDING ELEMENTS LIMITED	Director	21-09-11	16-11-10	-	Active	NO
17	U85110KA1998PLC023512	PREMIER TISSUES (INDIA) LIMITED	Director	13-12-11	09-03-11	-	Active	NO
18	U26942CT2007PTC020227	K.P. CEMENT MFG. CO. PRIVATE LIMITED	Additional director	29-12-11	29-12-11	-	Active	NO

Name :

Wilton Henriques

Designation :

Director

Address :

Silvan Mansion,Lady Jamshedji Road, Mahim, Mumbai-400016, Maharashtra, India

Date of Birth/Age :

18.10.1955

Date of Appointment :

16.02.2009

DIN No.:

00059817

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	U31100MH1996PLC100151	CG ENERGY MANAGEMENT LIMITED	Director	26-11-01	26-11-01	-	Active	NO
2	U24295GA1988PLC000921	CG-PPI ADHESIVE PRODUCTS LIMITED	Director	24-07-02	24-07-02	21-09-10	Active	NO
3	U67120MH1978PLC020308	CG CAPITAL AND INVESTMENTS LIMITED	Managing director	01-11-10	28-08-02	-	Amalgamated	NO
4	U74899DL1993PTC051849	ITRON METERING SOLUTIONS INDIA PRIVATE LIMITED	Director	18-03-05	18-03-05	29-10-10	Active	NO
5	U74909DL2005PLC131985	MALANPUR CAPTIVE POWER LIMITED	Director	02-06-06	02-06-06	23-04-10	Active	NO
6	U31404TN1993PTC025779	AGILE CONSUMER ELECTRIC INDIA Private Limited	Director	27-07-07	20-12-06	29-10-10	Active	NO
7	U02001DL1992PLC047666	GLOBAL GREEN COMPANY LIMITED	Director	17-09-09	16-02-09	-	Active	NO
8	U31900MH2010PLC209840	CG-ZIV Power Automation Solutions Limited	Director	04-11-10	04-11-10	-	Active	NO
9	U85110KA1998PLC023512	PREMIER TISSUES (INDIA) LIMITED	Director	13-12-11	09-03-11	-	Active	NO

Name :

Mrs. Ashwani Gupta

Designation :

Director

Address :

C-27, Chirag Enclave, Newdelhi-110048

Date of Birth/Age :

09.01.1958

Date of Appointment :

16.02.2009

DIN No.:

00122889

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	U74899DL1995PTC071592	HONEYWELL INTERNATIONAL (INDIA) PRIVATE LIMITED	Managing director	10-12-02	10-12-02	30-06-08	Active	NO
2	U72200KA1994FTC016379	HONEYWELL TECHNOLOGY SOLUTIONS LAB PRIVATE LIMITED	Director	17-09-03	17-09-03	30-06-08	Active	NO
3	U29299PN2004PTC019904	HONEYWELL TURBO TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	03-11-04	03-11-04	23-06-08	Active	NO
4	U24119DL2001PLC111100	SOLARIS CHEMTECH INDUSTRIES LIMITED	Director	31-12-08	26-09-08	-	Active	NO
5	U02001DL1992PLC047666	GLOBAL GREEN COMPANY LIMITED	Director	17-09-09	16-02-09	-	Active	NO
6	U74140KA2007PTC042034	Footprint Ventures Trustee Company Private Limited	Director	13-09-11	31-07-10	-	Active	NO
7	U67190KA2006PTC038579	FOOTPRINT VENTURES CONSULTANCY PRIVATE LIMITED	Director	13-09-11	31-07-10	-	Active	NO
8	U74140DL2005PLC135984	SALIENT BUSINESS SOLUTIONS LIMITED	Director	26-09-11	18-03-11	-	Active	NO

Name :

Mr. Rajesh Kumar Srivastava

Designation :

Director

Address :

S-376, (Gf), Panchshila Park, New Delhi – 110017 , India

Date of Birth/Age :

20.05.1957

Date of Appointment :

31.03.2010

DIN No.:

00302223

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	U67120MH2003PTC139711	RABO INDIA SECURITIES PRIVATE LIMITED	Managing director	20-01-07	01-06-06	06-01-09	Active	NO
2	U65929HR1998PLC037509	RABO INDIA FINANCE LIMITED	Director	18-07-08	15-03-07	15-12-09	Active	NO
3	U67190DL2006PTC191588	Rabo Equity Advisors Private Limited	Managing director	18-07-08	21-04-08	-	Active	NO
4	U24239AP2006PLC050060	SRI BIOTECH LABORATORIES INDIA LIMITED	Director	03-03-09	02-03-09	-	Active	NO
5	U01110AP1997PTC026890	SRI BIOREMEDIES PRIVATE LIMITED	Director	05-03-09	04-03-09	-	Active	NO
6	U15493DL1991PTC205408	ADM AGRO INDUSTRIES KOTA & AKOLA PRIVATE LIMITED	Director	05-11-09	05-11-09	16-08-11	Active	NO
7	L74899DL1990PLC041790	LT FOODS LIMITED	Nominee director	30-09-10	09-11-09	-	Active	NO
8	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Nominee director	29-09-10	29-12-09	-	Active	NO
9	U02001DL1992PLC047666	GLOBAL GREEN COMPANY LIMITED	Director	30-09-10	31-03-10	-	Active	NO
10	U74899UP1993PLC034039	VACMET INDIA LIMITED	Director	12-08-11	19-08-10	-	Active	NO
11	U74140MH2004PLC148859	NATIONAL COLLATERAL MANAGEMENT SERVICES LIMITED	Director	25-08-11	13-06-11	-	Active	NO

Name :

Mr. Digvijai Singh Gill

Designation :

Director

Address :

Way 7017 , Villa 1000 , North Azaiba , Sultanate Of Oman

Date of Birth/Age :

07.02.1962

Date of Appointment :

06.03.2007

DIN No.:

01226565

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	U99999MH1987PLC043940	NIMBUS COMMUNICATIONS LIMITED	Nominee director	11-01-07	11-01-07	06-09-07	Active	NO
2	U02001DL1992PLC047666	GLOBAL GREEN COMPANY LIMITED	Director	27-09-07	06-03-07	01-12-11	Active	NO

Name :

Anthonie Leendert Stal

Designation :

Director

Address :

Groot Haesebroekseweg 9 , Wassenaar 2243

Date of Birth/Age :

31.10.1953

Date of Appointment :

02.06.2009

DIN No.:

02681031

Name :

Mr. Amr Wafik Ahmed Hassan Farghal

Designation :

Director

Address :

Emirates Hills, Phase I Llc Villa, 26/3-A, 394/Emirates Hill, Third, Meadows, 8. Post Box 75265, Dubai

Date of Birth/Age :

08.12.1963

Date of Appointment :

03333538

DIN No.:

24.11.2010

KEY EXECUTIVES

Name :	Patrick Collins
Designation :	Manager
Address :	101, DSR Cosmos, Green Glen Layout, Outer Ring Road , Belandur, Bangalore, 560103, Karnataka, India
Date of Birth/Age :	01.07.1960
Date of Appointment :	03.05.2011
Pan No.:	ABAPC1463C
Name :	Nirogi Vs Pavan Kumar
Designation :	Secretary
Address :	SF 302 Nasco Marvel Indiranagar Stage II Bangalore-38, Karnataka, India
Date of Birth/Age :	04.07.1974
Date of Appointment :	23.09.2011
Pan No.:	ADJPN0899E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders (Equity Share)	No. of Shares
Avantha Holdings Limited, India	31412401
Kct Papers Limited, India	1605270
Krishnan S	10
Ramesh Kumar Chopra	10
Banthia S	10
Surendra Kumar Khandelwal	20
Akhil Mahajan	10
India Agri Business Fund Limited, Mauritius	5529713
Mr. Rajesh Shrivastava On Behalf Of Real Trust	19420
Vineet Chhabra	153207
TOTAL	38720071

Names of Shareholders (Cumulative Compulsorily Convertible Preference Share)	No. of Shares
India Agri Business Fund Limited, Mauritius	3686472
Real Trust	12950
TOTAL	3699422

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing, Distribution and Selling of Pickled Cucumbers (Gherkins, Cornichons, Pickles and Relish), Sweet-Corn, Silver Skin Onions, Peppers (Jalapeño And Paprika), Cherries, Capers And Mixed Vegetables.
Products :	Pickled Cucumbers: Pickles, Gherkins, Cornichons. Relish Corn Silverskin Onions Cherries Peppers: Jalapeño, Paprika, Others Capers Peas
Brand Names :	" REITZEL"

GENERAL INFORMATION

No. of Employees :

300 (Approximately)

Bankers :

• Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
• Canara Bank , Agriculture Finance Branch, J. C. Road, Bangalore – 560 002, Karnataka, India
• Export Import Bank of India, Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	101.112	88.086
Foreign currency loans others secured	180.478	286.788
Working capital loans banks secured	279.061	15.857
Working capital loans others secured	130.566	293.272
Other debt secured	179.190	182.231
Total	870.407	866.234
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans banks unsecured	0.000	50.070
Rupee term loans others unsecured	571.523	45.798
Total	571.523	95.868

Banking Relations :	--
Auditors :
Name :	Lovelock & Lewes, Chartered Accountant
Address :	Thapar House 124 Janpath New Delhi – 110001, India
PAN.:	AABFL5878L
Holding Company :	Avantha Holdings Limited CIN NO.: U67120dl1998plc198627
Subsidiaries :	Intergarden (India) Private Limited CIN NO.: U01513DL1999PTC214146 P U Z T A Konservuzem Kft, Hungary Greenhouse Agraar Kft, Hungary Dunakiliti Konservuzem Kft, Hungary GG International N.V, Belgium Intergarden N.V., Belgium Global Green USA Limited, Belgium

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
40000000	Equity Shares	Rs.10/- each	Rs.400.000 Millions
10000000	Preference Shares	Rs.10/- each	Rs.100.000 Millions
	TOTAL		Rs.500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
38720071	Equity Shares	Rs.10/- each	Rs.387.201 Millions
3699422	Preference Shares	Rs.10/- each	Rs.36.994 Millions
	TOTAL		Rs.424.195 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		424.195	424.195	336.262
2] Share Application Money		0.000	35.000	266.000
3] Reserves & Surplus		913.594	913.807	254.718
4] (Accumulated Losses)		(409.232)	(1.215)	(16.113)
NETWORTH		928.557	1371.787	840.867
LOAN FUNDS
1] Secured Loans		870.407	866.234	812.860
2] Unsecured Loans		571.523	95.868	99.092
TOTAL BORROWING		1441.930	962.102	911.952
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2370.487	2333.889	1752.819
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		456.982	439.309	469.744
Capital work-in-progress		21.757	57.899	4.451
INVESTMENT		1328.992	908.292	908.292
DEFERREX TAX ASSETS		0.000	0.000	52.548
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	569.770	554.139	508.966
	Sundry Debtors	451.612	618.865	274.373
	Cash & Bank Balances	29.955	310.105	23.607
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	220.248	224.182	195.344
Total Current Assets		1271.585	1707.291	1002.290
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	368.834	238.922	222.904
	Other Current Liabilities	329.557	502.306	449.576
	Provisions	10.438	37.674	12.026
Total Current Liabilities		708.829	778.902	684.506
Net Current Assets		562.756	928.389	317.784
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2370.487	2333.889	1752.819

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1439.799	1758.118	1770.499
		Other Income	102.956	84.760	114.644
		TOTAL (A)	1542.755	1842.878	1885.143
Less	EXPENSES
		Consumption materials changes inventories	(73.076)	(101.370)	1701.968
		Manufacturing service costs	1046.357	1164.354
		Employee related expenses	201.130	178.559
		Administrative selling other expenses	423.845	226.982
		Exceptional income expense,	210.299	45.755
		TOTAL (B)	1808.555	1514.280	1701.968
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(265.800)	328.598	183.175
Less	FINANCIAL EXPENSES (D)		82.455	90.181	86.287
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(348.255)	238.418	96.888
Less/ Add	DEPRECIATION/ AMORTISATION (F)		59.763	68.449	44.538
	PROFIT BEFORE TAX (E-F) (G)		(408.018)	169.968	52.350
Less	TAX (H)		0.000	69.773	23.073
	PROFIT AFTER TAX (G-H) (I)		(408.018)	100.195	29.277
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(1.214)	(16.113)	(45.391)
Less	APPROPRIATIONS
		Transfer to Amalgamation Reserve	0.000	(85.296)	0.000
	BALANCE CARRIED TO THE B/S		(409.232)	(1.214)	(16.113)
	EARNINGS IN FOREIGN CURRENCY		NA	1604.998	1564.999
	IMPORTS
		Raw Materials		71.761	64.873
		Packing Materials		17.323	21.883
		Spare Parts	NA	7.619	5.674
		Machinery and Components		19.898	8.706
	TOTAL IMPORTS			116.601	101.136
	Earnings Per Share (Rs.)
	Basic		(12.30)	3.43	0.90
	Diluted		(9.62)	3.43	0.92

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(26.45)	5.44	1.55
Net Profit Margin (PBT/Sales)	(%)	(28.33)	9.67	2.96
Return on Total Assets (PBT/Total Assets}	(%)	(23.60)	7.92	3.56
Return on Investment (ROI) (PBT/Networth)		(0.44)	0.12	0.06
Debt Equity Ratio (Total Liability/Networth)		2.32	1.27	1.90
Current Ratio (Current Asset/Current Liability)		1.79	2.19	1.46

LOCAL AGENCY FURTHER INFORMATION

Export Incentive Scheme

The Company is getting continued benefit under central subsidy scheme, namely ‘VKGUY’ and ‘APEDA’. The Company is thankful to Government of India for the supporting export of preserved vegetables on a continuing basis.

Outlook

The Company is continuing to explore new and profitable opportunities to strengthen its order book and secure its sustainable business for future years.

The Company expects to achieve sales revenue of Rs.2043 Million during the financial year 2011-12 with a gross margin of Rs.425Million and an EBITDA of Rs.128 Million.

The Company has always been keen on improving customer satisfaction index and during the year under review has been no exception, despite the glass contamination issue.

FORM 8

Corporate identity number of the company	U02001DL1992PLC047666
Name of the company	GLOBAL GREEN COMPANY LIMITED
Address of the registered office or of the principal place of business in India of the company	Thapar House, 124, Janpath, New Delhi - 110 001, India Email : pavan.kumar@globalgreengroup.co
This form is for	Creation of charge
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India Email: shareholders@yesbank.in
Nature of instrument creating charge	Deed of Hypothecation dated September 15 2011
Date of instrument Creating the charge	15.09.2011
Amount secured by the charge	Rs.120.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Term Loan (TL) - 3.75% p.a. + Base rate, Sight LC - Capex & Usance LC - Capex (sub limit of Term Loan facility) - 1.20% p.a. (Currently YBL Base rate as on date is 10.25%) Terms of Repayment Tenor / Validity / Usance: 1) Term Loan (TL) - 36 months 2) Sight LC - Capex (sub limit of term loan facility) - 36 months 3) Usance LC - Capex (sub limit of term loan facility) - 36 months Term Loan Repayment - Moratorium of 6 months, repayable in 30 equal monthly installments Margin -- Extent and Operation of the charge First Pari Passu Charge on all movable fixed assets of the company both present and future and Second Pari Passu Charge on all current assets of the company both present and future
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First Pari Passu Charge on all movable fixed assets of the company both present and future Second Pari Passu Charge on all current assets of the company both present and future

Fixed Assets

v Freehold Land

v Buildings

v Leasehold Improvements

v Furniture

v Plant and machinery

v Assets held for sale

v 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.49.85
UK Pound	1	Rs.77.97
Euro	1	Rs.65.62

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	3
--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		31

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.