MIRA INFORM REPORT

Report Date :

29.05.2012

IDENTIFICATION DETAILS

Name :	HALDIRAM SNACKS PRIVATE LIMITED w.e.f. 31.05.2000
Formerly Known As :	HALDIRAM FOOD PRODUCTS PRIVATE LIMITED
Registered Office :	B-1/H-3, Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi-110044
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	18.09.1989
Com. Reg. No.:	55-037732
Capital Investment / Paid-up Capital :	Rs. 133.303 Millions
CIN No.: [Company Identification No.]	U74899DL1989PTC037732
PAN No.: [Permanent Account No.]	AAACH0061R
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Frozen Foods, Namkeens, Sweet, Cookies, Sherbets, Minute Khana, Papads, Pani Puri, Bhel Puri, Chips, Boletos, Takatak, Gujarati Snacks etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 6400000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established and reputed company having fine track. Financial position of the company is good. 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.

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 :	B-1/H-3, Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi-110044, India
Tel. No.:	91-11-28898010/ 11/ 28898028/ 29
Fax No.:	91-11-28898016
E-Mail :	cs@haldiram.com products@haldiram.com mla_haldiram@yahoo.co.in snacks@haldiram.com
Website :	www.haldiram.com
Factory :	B-1, Sector-63, Noida – 201307, Uttar Pradesh, India
Tel. No.:	91-120-2400284/ 85/ 86
Fax No.:	91-120-2400287
E-Mail :	snacks@haldiram.com

DIRECTORS

AS ON 29.09.2011

Name :

Mr. Manohar Lal Agarwal

Designation :

Chairman and Managing Director

Address :

J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India

Date of Birth/Age :

30.10.1954

Date of Appointment :

18.09.1989

DIN No.:

00290780

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	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Managing director	18-09-89	18-09-89	-	Active	NO
2	U74899DL1982PTC013296	HALDIRAM MARKETING PRIVATE LIMITED	Director	22-02-92	22-02-92	-	Active	NO
3	U74899DL1992PTC047164	HRB FOODS PRIVATE LIMITED	Director	14-06-93	14-06-93	-	Active	NO
4	U74899DL1993PTC055846	HALDIRAM EXPORTS PRIVATE LIMITED	Director	29-10-93	29-10-93	-	Active	NO
5	U74899DL1994PTC059370	HALDIRAM MANUFACTURING COMPANY PRIVATE LIMITED	Managing director	17-12-94	17-12-94	-	Active	NO
6	U74899DL1995PTC071180	HALDIRAM INDIA PRIVATE LIMITED	Director	27-07-95	27-07-95	-	Active	NO
7	U30007DL1996PTC082326	BAYANA INTECH PRIVATE LIMITED	Director	01-06-98	01-06-98	21-09-11	Active	NO
8	U74899DL1985PTC021855	M .R . EQUIPMENT AND WARCHOUSING PRIVATE LIMITED	Director	05-07-99	05-07-99	-	Active	NO
9	U15138DL2005PTC135999	ORRIS FOODS PRIVATE LIMITED	Director	09-05-05	09-05-05	21-01-12	Active	NO
10	U72200DL2005PTC137086	HRB SOFTECH PRIVATE LIMITED	Director	02-06-05	02-06-05	-	Active	NO
11	U85110DL2006PTC154782	ALPINE MEDICARE PRIVATE LIMITED	Director	14-10-06	14-10-06	-	Active	NO
12	U15202DL2006PTC155907	SHARP FOODS PRIVATE LIMITED	Director	27-11-06	27-11-06	-	Active	NO
13	U01520DL2006PTC155932	HARMONY AGROTECH PRIVATE LIMITED	Director	27-11-06	27-11-06	-	Active	NO
14	U01520DL2006PTC155931	BRIGHT AGROTECH PRIVATE LIMITED	Director	27-11-06	27-11-06	-	Active	NO
15	U45200DL2008PTC176164	DOYEN TOWN PLANNERS PRIVATE LIMITED	Additional director	26-04-08	26-04-08	23-03-09	Active	NO
16	U70109DL2008PTC176175	BLUEJAYS REALTECH PRIVATE LIMITED	Director	26-09-09	25-09-08	24-03-10	Active	NO
17	U72200DL1997PTC195154	SELECTICA INDIA PRIVATE LIMITED	Director	12-09-09	12-09-09	-	Amalgamated	NO
18	U25209DL2006PTC155132	DELITE PRODUCTS PRIVATE LIMITED	Director	30-09-10	03-04-10	-	Active	NO
19	U70109DL2007PTC158116	Adhunik Realators Private Limited	Director	28-09-11	29-04-10	-	Active	NO
20	U70109DL2006PTC152118	CREST DEVELOPERS PRIVATE LIMITED	Director	28-09-10	31-05-10	-	Active	NO
21	U70200DL2010PTC204801	Green Bay Infrastructure Private Limited	Director	25-06-10	25-06-10	-	Active	NO
22	U15122DL2003PTC122260	Haldiram Ethnic Foods Private Limited	Additional director	09-01-12	02-07-10	-	Active	NO
23	U15410DL2011PTC214258	HR Snacks Private Limited	Director	17-02-11	17-02-11	-	Active	NO
24	U24232DL2012PTC232663	HR Lifecare Private Limited	Director	12-03-12	12-03-12	-	Active	NO

Name :

Mr. Anand Agarwal

Designation :

Managing Director

Address :

J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India

Date of Birth/Age :

18.03.1978

Date of Appointment :

01.04.2003

DIN No.:

00014112

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	L74899DL1985PLC019991	SURYA INDIA LIMITED	Director	30-09-98	30-09-98	22-12-10	Active	NO
2	U74899DL1994PTC059370	HALDIRAM MANUFACTURING COMPANY PRIVATE LIMITED	Whole-time director	01-06-99	01-06-99	-	Active	NO
3	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Managing director	01-04-03	01-04-03	-	Active	NO
4	U01520DL2006PTC155931	BRIGHT AGROTECH PRIVATE LIMITED	Director	25-02-08	25-02-08	-	Active	NO
5	U72200DL1997PTC195154	SELECTICA INDIA PRIVATE LIMITED	Additional director	04-12-09	04-12-09	-	Amalgamated	NO
6	U70109DL2007PTC158116	Adhunik Realators Private Limited	Director	28-09-11	29-04-10	-	Active	NO
7	U15122DL2003PTC122260	Haldiram Ethnic Foods Private Limited	Additional director	09-01-12	02-07-10	-	Active	NO
8	U24232DL2012PTC232663	HR Lifecare Private Limited	Director	12-03-12	12-03-12	-	Active	NO

Name :

Mr. Ashish Agarwal

Designation :

Whole-time Director

Address :

J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India

Date of Birth/Age :

07.04.1983

Date of Appointment :

07.04.2004

DIN No.:

00011486

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	L74899DL1985PLC019991	SURYA INDIA LIMITED	Director	15-01-02	15-01-02	22-12-10	Active	NO
2	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Whole-time director	01-04-04	01-04-04	-	Active	NO
3	U74899DL1994PTC059370	HALDIRAM MANUFACTURING COMPANY PRIVATE LIMITED	Director	01-07-06	01-07-06	-	Active	NO
4	U01520DL2006PTC155932	HARMONY AGROTECH PRIVATE LIMITED	Director	27-11-06	27-11-06	-	Active	NO
5	U01520DL2006PTC155931	BRIGHT AGROTECH PRIVATE LIMITED	Director	25-02-08	25-02-08	-	Active	NO
6	U24232DL2012PTC232663	HR Lifecare Private Limited	Additional director	13-03-12	13-03-12	-	Active	NO
7	U15122DL2003PTC122260	Haldiram Ethnic Foods Private Limited	Additional director	01-05-12	01-05-12	-	Active	NO

Name :

Mr. Pankaj Agarwal

Designation :

Whole-time Director

Address :

J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India

Date of Birth/Age :

01.04.1977

Date of Appointment :

01.07.2006

DIN No.:

00011384

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	U74899DL1994PTC059370	HALDIRAM MANUFACTURING COMPANY PRIVATE LIMITED	Managing director	01-04-06	31-03-97	Active	NO
2	U15100MH1993PLC074269	NIRAJ SNACKS LIMITED	Director	08-12-04	08-12-04	Amalgamated	NO
3	U72200DL2005PTC137086	HRB SOFTECH PRIVATE LIMITED	Director	02-06-05	02-06-05	Active	NO
4	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Whole-time director	01-08-11	01-07-06	Active	NO
5	U01520DL2006PTC155931	BRIGHT AGROTECH PRIVATE LIMITED	Director	27-11-06	27-11-06	Active	NO
6	U70109DL2006PTC152118	CREST DEVELOPERS PRIVATE LIMITED	Director	28-09-10	31-05-10	Active	NO
7	U15410DL2011PTC214258	HR Snacks Private Limited	Director	17-02-11	17-02-11	Active	NO
8	U24232DL2012PTC232663	HR Lifecare Private Limited	Additional director	13-03-12	13-03-12	Active	NO

Name :

Mr. Madhu Sudan Agarwal

Designation :

Whole-time Director

Address :

J-15, Block-J, Hauz Khas Enclave, New Delhi – 110016, India

Date of Birth/Age :

10.01.1957

Date of Appointment :

26.04.2010

DIN No.:

00011316

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	U74899DL1995PTC071180	HALDIRAM INDIA PRIVATE LIMITED	Director	27-07-95	27-07-95	Active	NO
2	U15490DL1996PTC081504	HALDI RAM PRODUCTS PRIVATE LIMITED	Managing director	01-07-08	15-03-97	Active	NO
3	U15100MH1987PTC045509	HALDIRAM FOODS INTERNATIONAL Private Limited	Director	01-06-99	01-06-99	Active	NO
4	U25199DL2006PTC155141	CORAL PRODUCTS PRIVATE LIMITED	Director	30-09-08	16-06-08	Active	NO
5	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Whole-time director	01-05-10	26-04-10	Active	NO
6	U24232DL2012PTC232663	HR Lifecare Private Limited	Additional director	13-03-12	13-03-12	Active	NO

Name :

Mr. Sanjay Kumar Singhania

Designation :

Director

Address :

P-10, Sector 12, Noida, Uttar Pradesh, India

Date of Birth/Age :

02.05.1967

Date of Appointment :

28.09.2008

DIN No.:

02330235

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	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Director	28-09-08	24-09-08	Active	NO

Name :

Mr. Balbir Singh

Designation :

Director

Address :

Flat No.156, Pocket-6, Kendriya Vihar-2, Sector82, Noida-201301, Uttar Pradesh, India

Date of Birth/Age :

15.05.1971

Date of Appointment :

15.05.2009

DIN No.:

02640402

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	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Director	29-09-09	15-05-09	Active	NO

Name :

Mr. Tukaram Ramrao Chate

Designation :

Director

Address :

Damyanti Apartments, Flat No.1, Behind HDFC House, Civilline Nagar, Nagpur-440001, Maharashtra, India

Date of Birth/Age :

05.01.1956

Date of Appointment :

29.09.2010

DIN No.:

02919428

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	U74899DL1989PTC037732	HALDIRAM SNACKS PRIVATE LIMITED	Director	29-09-11	21-01-10	Active	NO

Name :

Mr. Puneet Varma

Designation :

Additional Director

Address :

A-2,3,4 Sector 6, Noida - 201301, Uttar Pradesh, India

Date of Birth/Age :

15.10.1972

Date of Appointment :

26.03.2012

DIN No.:

0520809

KEY EXECUTIVES

Name :	Ms. Rekha Sadana
Designation :	Secretary
Address :	28/53, West Patel Nagar, New Delhi-110008, Delhi, India
Date of Birth/Age :	01.06.1974
Date of Appointment :	08.10.2003
PAN No.:	AVLPS5652C

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2011

Names of Shareholders	No. of Shares
Manohar Lal Agarwal	780000
Madhusudan Agarwal	780000
Anand Agarwal	780000
Sumitra Agarwal	770000
Manju Devi Agarwal	660000
Amit Agarwal	780000
Pankaj Agarwal	780000
Preeti Agarwal	301607
Amisha Agarwal	430000
Ritu Agarwal	220000
Ashish Agarwal	540000
Umesh Agarwal	440000
Haldiram Exports Private Limited	311725
Haldiram Marketing Private Limited, India	250000
Haldiram Manufacturing Company Private Limited, India	5276668
Higrove Management Limited, Cayman Island	230256
Total	13330256

AS ON 15.02.2012

Names of Allottees	No. of Shares
Manohar Lal Agarwal	1600000
Madhusudan Agarwal	1600000
Anand Agarwal	1600000
Sumitra Agarwal	200000
Manju Devi Agarwal	1700000
Amit Agarwal	1600000
Pankaj Agarwal	1600000
Preeti Agarwal	400000
Amisha Agarwal	1000000
Ashish Agarwal	1840000
Umesh Agarwal	1660000
Priyanka Agarwal	35000
Himani Agarwal	300000
Manohar Lal Agarwal (HUF)	1250000
Madhusudan Agarwal (HUF)	284744
Total	16669744

AS ON 29.09.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	1.73
Bodies corporate	43.80
Directors or relatives of directors	54.47
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Frozen Foods, Namkeens, Sweet, Cookies, Sherbets, Minute Khana, Papads, Pani Puri, Bhel Puri, Chips, Boletos, Takatak, Gujarati Snacks etc.
Products :	v Frozen Foods v Namkeens v Sweet v Cookies v Sherbets v Minute Khana v Papads v Pani Puri v Bhel Puri v Chips v Boletos, v Takatak v Gujarati Snacks etc.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, 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	701.266	449.476
Working capital loans banks secured	270.961	213.475
Loans taken for vehicle secured	3.303	0.963
Total	975.530	663.914
FOOTNOTES (A) 16743750 ((ABN -AMRO) + 35388895 (Standard Chartered Bank)) + 78137500 (ABN -AMRO) + 230000000( Axis Bank) +320000000 (HDFC Bank) (B) 9233098 (HDFC Bank) + 78995000 (ABN-AMRO) + 124135000 ( ABN-AMRO) + 55611115 ( Standard Chartered Bank + 181501930 ( Axis Bank) (C) 139561136 (ABN AMRO Bank CC A/C) + 40000000 (Yes Bank Limited) + 91400000 (Yes Bank WCDL) (D) 144649285 ( ABN AMRO Bank CC A/C) + 68825523 ( Yes Bank Limited) (E) 615263 (Axis Bank Limited) + 2687537 ( HDFC Bank)
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Loans director unsecured	258.236	46.574
Other debt unsecured	544.471	384.400
Total	802.707	430.974

Banking Relations :	--
Auditors :
Name :	P. R. Kumar and Company Chartered Accountants
Address :	C-2/4, Safdarjung Development Area, Main Aurobindo Marg, New Delhi - 110016, Delhi, India
Income-tax PAN of auditor or auditor's firm :	AAEFP8470B
Associates :	v Haldiram Marketing Private Limited v M.R. Equipment and Warehouse Private Limited v Aesthetic Garments Private Limited
Subsidiaries :	v Haldiram Overseas Limited
Enterprise over which key management personnel and their relative are able to exercise significant influence	v Haldiram Marketing Private Limited v Haldiram India Private Limited v Haldiram Products Private Limited v Haldiram Trading Private Limited v Haldiram Exports Private Limited v Haldiram Manufacturing Company Private Limited v M.R. Equipment and Warehouse Private Limited v Surya India Limited v Bright Agrotech Private Limited v Crest Developers Private Limited v Adhunik Realtors Private Limited v Harmony Agrotech Private Limited v HRB Foods Private Limited v Alpine Medicare Private Limited v HRB Softech Private Limited v Sharp Foods Private Limited v Coral Products Private Limited v Aesthetic Garments Private Limited v HR Snacks Private Limited

CAPITAL STRUCTURE

After 29.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
30000000	Equity Shares	Rs. 10/- each	Rs. 300.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
30000000	Equity Shares	Rs. 10/- each	Rs. 300.000 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
16000000	Equity Shares	Rs. 10/- each	Rs. 160.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13330256	Equity Shares	Rs. 10/- each	Rs. 133.303 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		133.303	131.000	131.000
2] Share Application Money		30.000	22.303	0.000
3] Reserves & Surplus		1441.216	1132.204	550.443
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1604.519	1285.507	681.443
LOAN FUNDS
1] Secured Loans		975.530	663.914	678.023
2] Unsecured Loans		802.707	430.974	297.942
TOTAL BORROWING		1778.237	1094.888	975.965
DEFERRED TAX LIABILITIES		43.588	45.636	36.849
TOTAL		3426.344	2426.031	1694.257
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2334.887	1757.162	1330.164
Capital work-in-progress		694.332	350.807	195.094
INVESTMENT		85.478	1.009	15.198
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	325.692	281.078	185.841
	Sundry Debtors	89.581	46.359	19.425
	Cash & Bank Balances	109.044	68.880	19.674
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	414.842	400.399	218.188
Total Current Assets		939.159	796.716	443.128
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	116.487	117.163	66.337
	Other Current Liabilities	136.378	60.225	44.222
	Provisions	374.647	306.391	182.017
Total Current Liabilities		627.512	483.779	292.576
Net Current Assets		311.647	312.937	150.552
MISCELLANEOUS EXPENSES		0.000	4.116	3.249
TOTAL		3426.344	2426.031	1694.257

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	4691.491	3481.605	2489.366
		Other Income
		TOTAL	4691.491	3481.605	2489.366
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL
			4111.167	2965.382	2304.534
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(Including Financial Expenses)	(Including Financial Expenses)	(Including Financial Expenses)
Less	FINANCIAL EXPENSES
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		580.324	516.223	184.832
Less/ Add	DEPRECIATION/ AMORTISATION		173.595	118.945	105.738
	PROFIT BEFORE TAX		406.729	397.278	79.094
Less	TAX		132.899	120.216	47.245
	PROFIT AFTER TAX		273.830	277.062	31.849
	IMPORTS
		Raw Materials	3.911	2.816	0.230
		Stores & Spares	5.592	2.765	2.064
		Capital Goods	71.325	73.180	33.906
		Packing Material	9.649	10.144	4.140
	TOTAL IMPORTS		90.477	88.905	40.340
	Earnings Per Share (Rs.)		20.54	21.15	2.79

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.84	7.96	1.28
Return on Total Assets (PBT/Total Assets}	(%)	12.42	15.56	4.46
Return on Investment (ROI) (PBT/Networth)		0.25	0.31	0.12
Debt Equity Ratio (Total Liability/Networth)		1.50	1.26	1.92
Current Ratio (Current Asset/Current Liability)		1.50	1.65	1.51

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1. Year of Establishment	Yes
2. Locality of the firm	Yes
3. Constitution of the firm	Yes
4. Premises details	No
5. Type of Business	Yes
6. Line of Business	Yes
7. Promoter’s background	Yes
8. No. of Employees	No
9. Name of person contacted	No
10. Designation of contact person	No
11. Turnover of firm for last three years	Yes
12. Profitability for last three years	Yes
13. Reasons for variation <> 20%	--
14. Estimation for coming financial year	No
15. Capital in the business	Yes
16. Details of sister concerns	Yes
17. Major suppliers	No
18. Major customers	No
19. Payments terms	No
20. Export / Import details	No
21. Market information	--
22. Litigations that the firm / promoter involved	--
23. Banking Details	Yes
24. Banking facility details	Yes
25. Conduct of the banking account	--
26. Buyer visit details	--
27. Financials, if provided	Yes
28. Incorporation details, if applicable	Yes
29. Last accounts filed at ROC	Yes
30. Major Shareholders, if available	Yes

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U74899DL1989PTC037732
Name of the company	HALDIRAM SNACKS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	B-1/H-3 Mohan Co-Operative Industrial Estate, Mathura Road, New Delhi – 110044, India
This form is for	Modification of charge
Charge identification number of the modified	10214508
Type of charge	Book Debts Floating Charge Others (All Current Assets (both present and future)
Particular of charge holder	Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai, Maharashtra, India Email ID: delhiCADMidoffice@YESBANK.IN
Nature of description of the instrument creating or modifying the charge	Supplemental Deed of Hypothecation dated March 15, 2012
Date of instrument Creating the charge	15.03.2012
Amount secured by the charge	Rs. 310.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest WCDL: To be decided by the Lender at the time of each disbursement CC: YES Bank Base Rate + 0.75% p.a. FLC-1/FLC-2/ PBG-1:Comm.@ 0.50% p.a. BC-1/ FBG-1/ FBG-2: Comm. @ 1% p.a. PBG-2: Comm.@ 0.75% p.a Terms of Repayment Working Capital Demand Loan (WCDL): Bullet repayment at the end of the tenor Cash Credit (CC): Payable on demand Foreign Letter of Credit -1 (FLC-1)/ Foreign Letter of Credit -2 (FLC-2)/ Buyer's Credit - 1 (BC-1)/ Performance Bank Guarantee - 1 (PBG-1)/ Financial Bank Guarantee (FBG-1)/ Financial Bank Guarantee - 2 (FBG-2)/ Performance Bank Guarantee - 2 (PBG-2): NA Margin WCDL/ CC: 15% of [Book Debts (not more than 90 days old) plus Stocks minus Creditors] FLC-1/FLC-2/BC-1/PBG-1/FBG-1: 5% of the facility amount in the form of Fixed Deposit Receipt duly lien marked in favour of YES Bank Limited FBG-2/ PBG-2: 10% of the facility amount in the form of Fixed Deposit Receipt duly lien marked in favour of YES Bank Limited Extent and Operation of the charge First Pari Passu Charge on all the Current Assets of the Borrower (both present and future)
Short particulars of the property charged	First Pari Passu Charge on whole of Current Assets of the borrower's stocks of raw material, semi finished and finished goods, stores and spares, bills receivables and book debts (both present and future).
Date of latest modification prior to the present modification	15.03.2011
Particulars of the present modification	Modification pursuant to following changes: 1.WCDL enhanced from INR240MM to INR290MM 1a.CC enhanced from INR180MM to INR200MM 1b FLC-1 unchanged at INR150MM 1c.FLC-2 unchanged at INR100MM 1d.BC-1 reduced from INR100MM to INR50MM 1e.PBG-1 unchanged at INR150MM 1f.FBG-1 unchanged at INR20MM 1g.STL of INR100MM cancelled

REVIEW OF OPERATION AND FUTURE OUTLOOK

The Company has achieved an impressive growth wherein the turnover of your company grew by around 35% in the current year in comparison to the corresponding previous year. The Directors see great growth potential in business of restaurants and they shall continue to open such outlets at appropriate time and place. The Company’s management believes that the Company will continue to maintain its growth momentum in future also and thereby create wealth for their shareholders

SCHEME OF AMALGAMATION

As per the scheme of amalgamation of Selectica India Private Limited with the company, company has issued and allotted 3 equity shares at par as fully paid up against 10 equity Shares held by the member of Selectica India Private Limited which ranked pari-passu with the existing equity shares of the company

CONTINGENT LIABILITIES

a) The Company has imported Capital goods under the Export Promotion Capital Goods Scheme, of the Government of India, at concessional rates of duty on an undertaking to fulfill quantified exports against which remaining future obligations aggregates USD 1,77,08,709.99 (Previous Year USD 1,00,05,805.79). Non fulfillment of the balance of such future obligations, if any, entails options/rights to the Government to confiscate capital goods imported under the said licenses and other penalties under the above referred scheme, Minimum export obligation to be fulfillment by the Company under the said scheme, by 31st March, 2011 has been fulfilled.

b) Amount of contract remaining to be executed on capital account and not provided for, to the extent of Rs. 225.212 Millions (net of advances). (Previous Year Rs. 289.926 Millions)

i) Contingent liability on account of letter of credit issued by bank aggregating to Rs. 180.651 millions (Previous Year Rs. 0.250 Millions)

ii) Contingent liability on account of Bank guarantees aggregating to Rs. 28.760 Millions (Previous Year 12.195 Millions). The Company has furnished a bond for Rs. 254.300 Millions.

iii) The company has outstanding guarantees of Rs. 470.485 Millions (Previous Year Rs. 470.485 Millions) as at 31st March, 2011 in respect of the loan facility given by the bank to the following parties

S. No.	In Favour of	Amount In Millions	Nature of Facility
1.	Haldiram Educational Society	154.85	Bank Guarantee
2.	Surya India Limited	1250.00	Term Loan and CC Limit
3.	Haldiram Overseas Limited	3300.00	Cash Credit or affording Banking facilities.

FIXED ASSETS

v Goodwill

v Land

v Building

v Computer

v Furniture and Fixtures

v Office Equipments

v Plant and Machinery

v Vehicles

v Electrical Installation

v Computer Software

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. 55.26
UK Pound	1	Rs. 86.80
Euro	1	Rs. 69.63

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		53

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.