MIRA INFORM REPORT

Report Date :

02.11.2012

IDENTIFICATION DETAILS

Name :	ABINBEV INDIA PRIVATE LIMITED (w.e.f.02.12.2011)
Formerly Known As :	INBEV INDIA INTERNATIONAL PRIVATE LIMITED (w.e.f.12.07.2007) VARUNBEV INTERNATIONAL PRIVATE LIMITED
Registered Office :	F-2/7, Okhla Industrial Area, Phase I, New Delhi - 110020
Country :	India
Financials (as on) :	31.12.2010
Date of Incorporation :	24.02.2006
Com. Reg. No.:	55-146757
Capital Investment / Paid-up Capital :	Rs. 2488.157 Millions
CIN No.: [Company Identification No.]	U51909DL2006PTC146757
TAN No.: [Tax Deduction & Collection Account No.]	DELV06538A
PAN No.: [Permanent Account No.]	AACCV2013K
Legal Form :	Private Limited Liability Company
Line of Business :	Business is sale and distribution of beverages, mainly Beer, for domestic consumption.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1600000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a company having moderate track. The latest financials of the company are not made available. As per previous years we found that the financial position of the company is under huge pressure. Payments terns are unknown. The company can be considered for business dealings with great 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	F-2/7, Okhla Industrial Area, Phase I, New Delhi – 110020, India
Tel. No.:	91-11-51706720
Fax No.:	91-11-26813665
E-Mail :	gautam.seth@rjcorp.in amit.aggarwal2509@gmail.com anilsingh1970@indiatimes.com
Website :	http://www.ab-inbevindia.com
Head Office :	Plot No. 31, Institutional Area, Sector-44, Gurgaon – 122002, Haryana, India
Tel. No.:	91-124-4643100/ 200/ 300
Fax No.:	91-124-4643103/ 104
E-Mail :	info@ab-inbevindia.com

DIRECTORS

AS ON 01.06.2012

Name :

Mr. Raj Pal Gandhi

Designation :

Director

Address :

P – 1/ 50, DLF Phase II, Gurgaon, Haryana, India

Date of Birth/Age :

07.06.1957

Date of Appointment :

24.02.2006

DIN No.:

00003649

Other Directorship:

S.No.	CIN/LLPIN	Name of the company/ llp	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1991PLC046405	PARKVIEW CITY LIMITED	Director	10/08/1998	10/08/1998	-	Active	NO
2	U74899DL1999PLC101230	PARKVIEW INFRASTRUCTURES LIMITED	Director	19/08/1999	19/08/1999	06/06/2008	Active	NO
3	U80301DL2003PTC118290	MODERN MONTESSORI INTERNATIONAL (INDIA) PRIVATE LIMITED	Director	13/01/2003	13/01/2003	-	Active	NO
4	U74899DL1989PTC037343	PARKVIEW APARTMENTS PRIVATE LIMITED	Director	09/04/2004	09/04/2004	06/06/2008	Active	NO
5	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Whole-time director	21/10/2004	21/10/2004	-	Active	NO
6	U74899DL1978PTC009190	DEVYANI ENTERPRISES PRIVATE LIMITED	Director	10/11/2004	10/11/2004	20/11/2009	Active	NO
7	U55101DL2004PTC130720	TANGERINE HOTELS PRIVATE LIMITED	Director	03/05/2005	03/05/2005	-	Amalgamated	NO
8	U15532DL2005PTC136903	MASON AND SUMMERS DISTILLERIES PRIVATE LIMITED	Director	30/09/2006	31/05/2005	-	Active	NO
9	U45201DL2005PTC138289	VARUN RESIDENTIAL PROJECTS PRIVATE LIMITED	Director	05/07/2005	05/07/2005	01/05/2009	Active	NO
10	U55101DL2002PTC118179	CITRUS HOTELS PRIVATE LIMITED	Director	17/08/2005	17/08/2005	20/02/2008	Active	NO
11	U45201DL2005PTC138954	PARKVIEW INFRACON PRIVATE LIMITED	Director	11/01/2006	11/01/2006	05/06/2007	Active	NO
12	U45201DL2005PTC138953	JAIPURIA TOWERS PRIVATE LIMITED	Director	11/01/2006	11/01/2006	-	Amalgamated	NO
13	U70101DL2006PTC146701	JAIPURIA INFRACON PRIVATE LIMITED	Director	22/02/2006	22/02/2006	-	Amalgamated	NO
14	U70101DL2006PTC146724	JAIPURIA INFRATECH PRIVATE LIMITED	Director	23/02/2006	23/02/2006	-	Amalgamated	NO
15	U51909DL2006PTC146757	ABINBEV INDIA PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
16	U30005DL2006PTC147252	ANGELICA TECHNOLOGIES PRIVATE LIMITED	Director	08/03/2006	08/03/2006	01/05/2009	Active	NO
17	U70200DL2006PTC149218	PINNACLE INFRACON PRIVATE LIMITED	Director	26/05/2006	26/05/2006	-	Active	NO
18	U70109DL2006PTC149325	PINNACLE CONSTRUCTIONS PRIVATE LIMITED	Director	30/05/2006	30/05/2006	01/05/2009	Active	NO
19	U70109DL2006PTC149698	CAPITAL DEVELOPMENTS PRIVATE LIMITED	Director	13/06/2006	13/06/2006	01/05/2009	Active	NO
20	U70109DL2006PTC149697	CAPITAL INFRACON PRIVATE LIMITED	Director	13/06/2006	13/06/2006	29/10/2010	Active	NO
21	U15119DL2006PTC152490	DEVYANI KAZI FOODS PRIVATE LIMITED	Director	25/08/2006	25/08/2006	01/05/2009	Active	NO
22	U45200DL2006PTC153494	POWER LINE VARUN CONSTRUCTIONS PRIVATE LIMITED	Director	11/09/2006	11/09/2006	01/05/2009	Active	NO
23	U45200DL2006PTC156363	PINNACLE TOWNSHIP PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
24	U45200DL2006PTC156349	PINNACLE PROPMART PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
25	U45200DL2006PTC156386	CAPITAL REALCON PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
26	U70101DL2006PTC156543	PINNACLE BUILTMART PRIVATE LIMITED	Director	14/12/2006	14/12/2006	01/05/2009	Active	NO
27	U45200DL2006PTC156677	PINNACLE TOWN PLANNERS PRIVATE LIMITED	Director	18/12/2006	18/12/2006	01/05/2009	Active	NO
28	U45200DL2006PTC156968	CAPITAL TOWERS PRIVATE LIMITED	Director	22/12/2006	22/12/2006	01/05/2009	Active	NO
29	U45201DL2005PTC137142	MUSKAN BUILDCON PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
30	U45201DL2005PTC138890	PADMAWATI BUILDWELL PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
31	U70101DL2005PTC139985	JAIPURIA REALTORS PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
32	U45201DL2004PTC128734	GULAB BUILDWELL PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
33	U15135DL1991PLC046758	DEVYANI INTERNATIONAL LIMITED	Director	02/07/2008	13/08/2007	-	Active	NO
34	U15549DL1997PTC210769	NORTH EAST PURE DRINKS PRIVATE LIMITED	Director	22/08/2008	23/02/2008	-	Amalgamated	NO
35	U62200DL1980PLC010262	RJ CORP LIMITED	Director	14/07/2008	13/05/2008	-	Active	NO
36	U74899DL1991PLC046403	DEVYANI FOOD INDUSTRIES LIMITED	Director	06/09/2011	12/06/2008	-	Active	NO
37	U55101DL1998PTC091666	UNIVERSAL DAIRY PRODUCTS PRIVATE LIMITED	Additional director	04/07/2008	04/07/2008	01/10/2008	Active	NO
38	U55101DL2009PTC193995	DEVYANI FOOD STREET PRIVATE LIMITED	Director	07/09/2009	07/09/2009	-	Active	NO
39	U15134DL1965PLC129086	VARUN BEVERAGES (INTERNATIONAL) LIMITED	Director	23/09/2011	20/12/2010	-	Active	NO
40	U85100DL2011PLC217993	LINEAGE HEALTHCARE LIMITED	Director	25/04/2011	25/04/2011	-	Active	NO
41	U85195DL2005PTC137768	CRYOBANKS INTERNATIONAL INDIA PRIVATE LIMITED	Director	30/09/2011	24/08/2011	-	Active	NO
42	U55101DL2009PTC192897	DELHI SELECT SERVICE HOSPITALITY PRIVATE LIMITED	Director	27/06/2012	01/11/2011	-	Active	NO
43	U55101DL2012PTC230028	DEVYANI INTERNATIONAL COSTA PRIVATE LIMITED	Director	16/01/2012	16/01/2012	-	Active	NO

Name :

Mr. Ravi Kant Jaipuria

Designation :

Director

Address :

7A, Aurangzeb Road, New Delhi – 110011, India

Date of Birth/Age :

28.11.1954

Date of Appointment :

24.02.2006

DIN No.:

00003668

Other Directorship:

S.No.	CIN/LLPIN	Name of the company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Director	16/06/1995	16/06/1995	-	Active	NO
2	U15135DL1991PLC046758	DEVYANI INTERNATIONAL LIMITED	Director	15/07/1996	15/07/1996	-	Active	NO
3	U74899DL1991PLC046405	PARKVIEW CITY LIMITED	Director	17/04/1999	17/04/1999	-	Active	NO
4	U74899DL1993PLC054195	SAAB TRAVEL AND TOURS LIMITED	Director	30/08/2009	17/04/1999	03/09/2009	Active	NO
5	U74899DL1999PLC101230	PARKVIEW INFRASTRUCTURES LIMITED	Director	19/08/1999	19/08/1999	06/06/2008	Active	NO
6	U64120DL1999PTC101124	UNIVERSAL TOWERS PRIVATE LIMITED	Director	30/10/1999	30/10/1999	-	Amalgamated	NO
7	U55101DL1999PTC100142	YUM RESTAURANTS MARKETING PRIVATE LIMITED	Director	02/09/2000	02/09/2000	23/02/2010	Active	NO
8	U74899DL1991PTC046387	KANCHANJUNGA POWER COMPANY PRIVATE LIMITED	Director	25/09/2000	25/09/2000	-	Active	NO
9	U74899DL1991PTC046386	PELICAN CAPS TECHNOLOGIES PRIVATE LIMITED	Director	25/09/2000	25/09/2000	-	Amalgamated	NO
10	L32202RJ1992PLC017750	SHYAM TELECOM LIMITED	Director	20/12/2002	20/12/2002	11/02/2011	Active	NO
11	U80301DL2003PTC118290	MODERN MONTESSORI INTERNATIONAL (INDIA) PRIVATE LIMITED	Director	02/01/2003	02/01/2003	-	Active	NO
12	U74899DL1992PLC049022	LEMON TREE HOTELS LIMITED	Director	23/12/2003	23/12/2003	-	Active	NO
13	U74899DL1989PTC037343	PARKVIEW APARTMENTS PRIVATE LIMITED	Director	30/01/2004	30/01/2004	06/06/2008	Active	NO
14	U55101DL2004PTC130720	TANGERINE HOTELS PRIVATE LIMITED	Director	03/05/2005	03/05/2005	-	Amalgamated	NO
15	U85195DL2005PTC137768	CRYOBANKS INTERNATIONAL INDIA PRIVATE LIMITED	Director	20/06/2005	20/06/2005	-	Active	NO
16	U45201DL2005PTC138289	VARUN RESIDENTIAL PROJECTS PRIVATE LIMITED	Director	05/07/2005	05/07/2005	01/05/2009	Active	NO
17	U45201DL2005PTC138953	JAIPURIA TOWERS PRIVATE LIMITED	Director	21/07/2005	21/07/2005	-	Amalgamated	NO
18	U45201DL2005PTC138954	PARKVIEW INFRACON PRIVATE LIMITED	Director	21/07/2005	21/07/2005	05/06/2007	Active	NO
19	U55101DL2002PTC118179	CITRUS HOTELS PRIVATE LIMITED	Director	17/08/2005	17/08/2005	04/02/2010	Active	NO
20	U45201DL2005PTC141416	JAIPURIA LAND AND HOUSING PRIVATE LIMITED	Director	30/09/2006	04/10/2005	-	Amalgamated	NO
21	U45201DL2005PTC153311	VISION DWELLINGS PRIVATE LIMITED	Director	30/09/2006	16/02/2006	-	Amalgamated	NO
22	U45201DL2005PTC153209	VISION NIRMAN PRIVATE LIMITED	Director	30/09/2006	16/02/2006	-	Amalgamated	NO
23	U15532DL2005PTC136903	MASON AND SUMMERS DISTILLERIES PRIVATE LIMITED	Director	16/02/2006	16/02/2006	14/09/2009	Active	NO
24	U70101DL2006PTC146701	JAIPURIA INFRACON PRIVATE LIMITED	Director	22/02/2006	22/02/2006	-	Amalgamated	NO
25	U70101DL2006PTC146724	JAIPURIA INFRATECH PRIVATE LIMITED	Director	23/02/2006	23/02/2006	-	Amalgamated	NO
26	U51909DL2006PTC146757	ABINBEV INDIA PRIVATE LIMITED	Director	24/02/2006	24/02/2006	-	Active	NO
27	U74899DL1987PTC027024	SHABNAM PROPERTIES PRIVATE LIMITED	Director	06/03/2006	06/03/2006	-	Active	NO
28	U74899DL1991PTC045226	NORTHERN DISTRIBUTORS PRIVATE LIMITED	Director	06/03/2006	06/03/2006	15/06/2011	Active	NO
29	U74899DL1987PTC026815	BEHARILAL BENIPERSHAD PRIVATE LIMITED	Director	06/03/2006	06/03/2006	16/06/2010	Active	NO
30	U74899DL1986PTC026518	INTERIA CRAFTS PRIVATE LIMITED	Director	06/03/2006	06/03/2006	15/06/2011	Active	NO
31	U30005DL2006PTC147252	ANGELICA TECHNOLOGIES PRIVATE LIMITED	Director	08/03/2006	08/03/2006	01/05/2009	Active	NO
32	U15511DL2000PTC154915	SEEBHAL MIKELIN DISTILLERY PRIVATE LIMITED	Director	30/09/2006	13/03/2006	14/09/2009	Active	NO
33	U70200DL2006PTC149218	PINNACLE INFRACON PRIVATE LIMITED	Director	26/05/2006	26/05/2006	13/08/2007	Active	NO
34	U70109DL2006PTC149325	PINNACLE CONSTRUCTIONS PRIVATE LIMITED	Director	30/05/2006	30/05/2006	01/05/2009	Active	NO
35	U70109DL2006PTC149697	CAPITAL INFRACON PRIVATE LIMITED	Director	13/06/2006	13/06/2006	29/10/2010	Active	NO
36	U70109DL2006PTC149698	CAPITAL DEVELOPMENTS PRIVATE LIMITED	Director	13/06/2006	13/06/2006	01/05/2009	Active	NO
37	U55101DL2005PTC138835	SPANK HOTELS PRIVATE LIMITED	Director	29/09/2006	26/07/2006	-	Active	NO
38	U15119DL2006PTC152490	DEVYANI KAZI FOODS PRIVATE LIMITED	Director	25/08/2006	25/08/2006	01/05/2009	Active	NO
39	U45200DL2006PTC153494	POWER LINE VARUN CONSTRUCTIONS PRIVATE LIMITED	Director	11/09/2006	11/09/2006	01/05/2009	Active	NO
40	U01403DL2006PTC155072	DEVYANI AGRI BUSINESS PRIVATE LIMITED	Director	30/10/2006	30/10/2006	01/05/2009	Active	NO
41	U45200DL2006PTC156363	PINNACLE TOWNSHIP PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
42	U45200DL2006PTC156349	PINNACLE PROPMART PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
43	U45200DL2006PTC156386	CAPITAL REALCON PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
44	U70101DL2006PTC156543	PINNACLE BUILTMART PRIVATE LIMITED	Director	14/12/2006	14/12/2006	01/05/2009	Active	NO
45	U45200DL2006PTC156677	PINNACLE TOWN PLANNERS PRIVATE LIMITED	Director	18/12/2006	18/12/2006	01/05/2009	Active	NO
46	U45200DL2006PTC156968	CAPITAL TOWERS PRIVATE LIMITED	Director	22/12/2006	22/12/2006	01/05/2009	Active	NO
47	U45201DL2005PTC137142	MUSKAN BUILDCON PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
48	U15134DL1965PLC129086	VARUN BEVERAGES (INTERNATIONAL) LIMITED	Director	19/03/2007	19/03/2007	-	Active	NO
49	U45201DL2005PTC138890	PADMAWATI BUILDWELL PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
50	U70101DL2005PTC139985	JAIPURIA REALTORS PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
51	U45201DL2004PTC128734	GULAB BUILDWELL PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
52	U15549DL1997PTC210769	NORTH EAST PURE DRINKS PRIVATE LIMITED	Director	22/08/2008	23/02/2008	-	Amalgamated	NO
53	U62200DL1980PLC010262	RJ CORP LIMITED	Director	14/07/2008	13/05/2008	-	Active	NO
54	U74899DL1991PLC046403	DEVYANI FOOD INDUSTRIES LIMITED	Director	06/09/2011	13/05/2008	-	Active	NO
55	U74999DL2009PTC192403	AQUA STEMLIFE INTERNATIONAL PRIVATE LIMITED	Director	21/07/2009	21/07/2009	-	Active	NO
56	U74140DL2010PTC197710	REVIVA CELL RESEARCH AND THERAPIES PRIVATE LIMITED	Director	06/01/2010	06/01/2010	-	Amalgamated	NO
57	U85100DL2011PLC217993	LINEAGE HEALTHCARE LIMITED	Director	25/04/2011	25/04/2011	-	Active	NO
58	U25199DL2011FTC226364	ALISHA TORRENT CLOSURES (INDIA) PRIVATE LIMITED	Director	17/10/2011	17/10/2011	-	Active	NO
59	U55101DL2012PTC230028	DEVYANI INTERNATIONAL COSTA PRIVATE LIMITED	Director	16/01/2012	16/01/2012	-	Active	NO
60	U80903DL2012PTC232696	DEVYANI EDUCATION FOUNDATION PRIVATE LIMITED	Director	12/03/2012	12/03/2012	-	Active	NO

Name :

Christopher White

Designation :

Director

Address :

12, Cuscaden Walk, # 19, 02 Four Seasons PK, Singapore 249694

Date of Birth/Age :

01.11.1961

Date of Appointment :

15.06.2009

DIN No.:

01564507

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909MH2007FTC175129	CONSOLIDATED BRANDS (INDIA) TRADING PRIVATE LIMITED	Director	17/10/2007	17/10/2007	04/01/2008	Strike off	NO
2	U15549DL1997PTC210769	NORTH EAST PURE DRINKS PRIVATE LIMITED	Director	22/08/2008	23/02/2008	-	Amalgamated	NO
3	U51909DL2006PTC146757	ABINBEV INDIA PRIVATE LIMITED	Director	15/06/2009	04/10/2008	-	Active	NO
4	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Whole-time director	29/06/2009	29/06/2009	-	Active	NO
5	U15134DL1965PLC129086	VARUN BEVERAGES (INTERNATIONAL) LIMITED	Director	23/09/2011	23/09/2011	-	Active	NO
6	U25199DL2011FTC226364	ALISHA TORRENT CLOSURES (INDIA) PRIVATE LIMITED	Director	17/10/2011	17/10/2011	-	Active	NO

Name :

Ian Roderick Stephens

Designation :

Director

Address :

8-Salt Pikes, Brixworth, Northampton NN6, 9UJ, Northampton, United Kingdom 60111

Date of Birth/Age :

27.05.1960

Date of Appointment :

20.06.2007

DIN No.:

01780808

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909DL2006PTC146757	ABINBEV INDIA PRIVATE LIMITED	Director	20/06/2007	20/06/2007	-	Active	NO
2	U15531AP2007PTC052435	CROWN BEERS INDIA PRIVATE LIMITED	Director	30/09/2010	27/01/2009	18/02/2012	Active	NO

Name :

Mr. Kapil Agarwal

Designation :

Director

Address :

KK – 85, Kavi Naga, Ghaziabad – 201002, Uttar Pradesh, India

Date of Birth/Age :

08.06.1964

Qualification :

MBA

Experience :

21 Years

Date of Appointment :

08.06.2010

DIN No.:

02079161

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U15549DL1997PTC210769	NORTH EAST PURE DRINKS PRIVATE LIMITED	Director	22/08/2008	23/02/2008	Amalgamated	NO
2	U74899DL1991PLC046403	DEVYANI FOOD INDUSTRIES LIMITED	Director	02/08/2010	17/08/2009	Active	NO
3	U51909DL2006PTC146757	ABINBEV INDIA PRIVATE LIMITED	Director	08/06/2010	26/03/2010	Active	NO
4	U15549DL2009PTC187422	INBEV BREWERIES (PUNJAB) PRIVATE LIMITED	Director	26/08/2010	21/04/2010	Active	NO
5	U15500DL2008PTC183357	INBEV DECCAN BREWERIES PRIVATE LIMITED	Director	26/08/2010	21/04/2010	Active	NO
6	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Director	11/06/2012	01/01/2012	Active	NO

Name :

Miguel Nuno Da Mata Patricio

Designation :

Director

Address :

No. 175, The Eneraid Forest, The Emeraid Lane 2888 HU NA Road, Lalitapar Laxminagar, Shanghi, China 2888

Date of Birth/Age :

11.05.1966

Date of Appointment :

08.06.2010

DIN No.:

02698940

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U15531AP2007PTC052435	CROWN BEERS INDIA PRIVATE LIMITED	Director	30/09/2010	14/07/2009	18/02/2012	Active	NO
2	U51909DL2006PTC146757	ABINBEV INDIA PRIVATE LIMITED	Director	08/06/2010	17/07/2009	-	Active	NO

Name :

Paul Joris Maria Boeckx

Designation :

Director

Address :

K 701, Central Park, Sector 42, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

02.10.1957

Date of Appointment :

01.06.2012

DIN No.:

05158307

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U15531AP2007PTC052435	CROWN BEERS INDIA PRIVATE LIMITED	Additional director	19/07/2012	25/02/2012	14/08/2012	Active	NO
2	U51909DL2006PTC146757	ABINBEV INDIA PRIVATE LIMITED	Director	01/06/2012	29/02/2012	-	Active	NO

Name :

Aidar Pedro Ferraz

Designation :

Director

Address :

H No. 182, Emerald Forest 2888 Uunana Road, Pudong, Shanghai, China 21

Date of Birth/Age :

28.02.1977

Date of Appointment :

01.06.2012

DIN No.:

05334627

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U51909DL2006PTC146757	ABINBEV INDIA PRIVATE LIMITED	Director	01/06/2012	29/05/2012	Active	NO

KEY EXECUTIVES

Name :	Mrs. Soniya Khandelwal
Designation :	Secretary
Address :	C 5018 Devendravihar Sector 44, Gurgaon 122002, Haryana, India
Date of Birth/Age :	03.01.1982
Date of Appointment :	20.06.2011
PAN No.:	AQDPK6052B
Name :	Mr. Raja Mukherjee
Designation :	Chief Executive Officer
Date of Birth/Age :	42 Years
Qualification :	ICWA Inter
Experience :	20.4 Years

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 01.06.2012

Names of Shareholders	No. of Shares
R.K. Jaipuria and Sons (HUF)	5000
Jaipuria Dhara	5000
Interbrew International B.V., Netherland	121919689
R J Corp Limited, India	3742736
Devyani Enterprises Private Limited, India	123143268
Total	248815693

AS ON 01.06.2012

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]	49.00
Bodies corporate	50.98
Directors or relatives of directors	0.01
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Business is sale and distribution of beverages, mainly Beer, for domestic consumption.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Ø The Royal Bank of Scotland N.V., 15, Hansalaya Building, Barakhamba Road, New Delhi – 110001, India

Ø Indusind Bank Limited, Dr. Gopal Das Bhawan, 28 Barakhamba Road, New Delhi – 110001, India

Facilities :

Secured Loans	31.12.2010	31.12.2009
	(Rs. In Millions)
From Banks
- short term loan*	0.000	55.000
- Term loan**	87.153	90.817
- vehicle loan (secured by hypothecation of vehicle)	1.246	1.436
Total	88.399	147.253
Note: * Short term loan and Cash credit limit are secured against current assets held by Company and current assets held with the contract brewers of the company. ** Secured by first charge by way of hypothecation on the entire fixed assets of the company.

Banking Relations :	--
Auditors :
Name :	BSR and Company Chartered Accountants
Address :	Building No. 10, 8th Floor, Tower-B, DLF Cyber City, Phase II, Gurgaon – 122002, Haryana, India
Tel. No.:	91-124-2549181
Fax No.:	91-124-2549101
Income-tax PAN of auditor or auditor's firm :	AAIFB4734C
Joint Venture :	Ø RJCorp Limited Ø Inter Brew International B.V.
Subsidiaries :	Ø InBev Breweries (Punjab) Private Limited [U15549DL2009PTC187422] Ø InBev Deccan Breweries Private Limited [U15500DL2008PTC183357]
Entity on which joint venture partner can exercise control :	InBev Market Development Gmbh and Company
Entity on which the Company has significant influence :	H Dasappa and Sons Private Limited

CAPITAL STRUCTURE

AFTER 30.06.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
350,000,000	Equity Shares	Rs. 10/- each	Rs. 3500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
248,815,693	Equity Shares	Rs.10/- each	Rs. 2488.157 Millions

AS ON 31.12.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
350,000,000	Equity Shares	Rs. 10/- each	Rs. 3500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
151,565,490	Equity Shares	Rs.10/- each	Rs. 1515.655 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.12.2010	31.12.2009	31.12.2008
SHAREHOLDERS FUNDS
1] Share Capital		1515.655	658.312	341.339
2] Share Application Money		0.000	144.660	121.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(1112.424)	(715.326)	(227.570)
NETWORTH		403.231	87.646	234.769
LOAN FUNDS
1] Secured Loans		88.399	147.252	18.451
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		88.399	147.252	18.451
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		491.630	234.898	253.220
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		399.006	217.306	134.465
Capital work-in-progress		0.219	127.916	56.042
INVESTMENT		0.200	0.200	0.100
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.732	3.610	24.056
	Sundry Debtors	5.120	11.628	11.102
	Cash & Bank Balances	55.486	16.095	11.345
	Other Current Assets	0.000	0.000	0.040
	Loans & Advances	274.953	165.775	146.660
Total Current Assets		336.291	197.108	193.203
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	219.178	268.254	115.915
	Other Current Liabilities	14.653	19.907	11.581
	Provisions	10.255	19.471	3.094
Total Current Liabilities		244.086	307.632	130.590
Net Current Assets		92.205	(110.524)	62.613
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		491.630	234.898	253.220

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2010	31.12.2009	31.12.2008
	SALES
		Income
		Other Income
		TOTAL	N.A.	N.A.	N.A.
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	N.A.	N.A.	N.A.
	PROFIT/ (LOSS) BEFORE TAX		(397.098)	(487.324)	(219.147)
Less	TAX		0.000	0.432	0.372
	PROFIT/ (LOSS) AFTER TAX		(397.098)	(487.756)	(219.519)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(715.326)	(227.570)	(8.051)
	BALANCE CARRIED TO THE B/S		(1112.424)	(715.326)	(227.570)
	IMPORTS
		Goods purchased for trading	19.977	12.474
		Marketing items purchase	4.140	1.630
		Raw Materials for supply to contract bottlers	0.000	0.739
		Capital Goods	1.371	5.244
	TOTAL IMPORTS		25.488	20.087	45.202
	Earnings Per Share (Rs.)		(4.02)	(9.89)	N.A.

KEY RATIOS

PARTICULARS		31.12.2010	31.12.2009	31.12.2008
Return on Total Assets (PBT/Total Assets}	(%)	(54.01)	(117.59)	(66.88)
Return on Investment (ROI) (PBT/Networth)		(0.98)	(5.56)	(0.93)
Debt Equity Ratio (Total Liability/Networth)		0.82	5.19	0.63
Current Ratio (Current Asset/Current Liability)		1.38	0.64	1.48

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
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	No
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

BACKGROUND:

InBev India International Private Limited (‘the Company’) was incorporated on 24 February 2006 as a private limited company. The Company is a joint venture between RJCorp Limited and Inter Brew International B.V.

The Company’s key business is sale and distribution of beverages, mainly Beer, for domestic consumption. For this purpose, the Company has entered into arrangement with third party Beer manufacturers.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U51909DL2006PTC146757
Name of the company	INBEV INDIA INTERNATIONAL PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	F-2/7, Okhla Industrial Area, Phase I, New Delhi – 110020, India Email: gautam.seth@rjcorp.in
This form is for	Modification of charge
Charge identification number of the modified	10123011
Type of charge	Book Debts Movable Property Others (current assets of co-packagers)
Particular of charge holder	The Royal Bank of Scotland N.V., 15, Hansalaya Building, Barakhamba Road, New Delhi – 110001, India Email: siddharth.bhatia@rbs.com
Nature of description of the instrument creating or modifying the charge	1. Supplementary deed of hypothecation of moveable assets. 2. Agreement of loan/overdraft. 3. Foreign currency working capital loan facility agreement. 4. First supplemental deed of hypothecation of moveable assets.
Date of instrument Creating the charge	19.08.2011
Amount secured by the charge	Rs. 250.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest The bank's interest rate is currently 9% p.a., subject to the change by the bank from time to time. Terms of Repayment Overdraft -Repayable on demand. Short term loan: Maximum 12 months. Foreign currency working capital loan: Maximum tenor 6 months. Letter of credit: Maximum 90 days. Bank Guarantee: Maximum tenor 18 months including claim period Margin For guarantees issued without standard limitation clause, 100% cash margin /fixed deposit receipts to be provided upfront. Extent and Operation of the charge The enhanced limits are secured to the extent of Rs. 250.000 Millions over the current and movable fixed assets of the Company including the exclusive charge by way of hypothecation over the current assets stored with the co-packagers of the Company.
Short particulars of the property charged	Extension of charge by way of hypothecation over the entire current assets of the company both present and future to secure the enhanced limit of Rs. 250.000 Millions. Extension of second charge by way of hypothecation over the entire movable fixed assets of the company both present and future to secure the enhanced limit of Rs. 250.000 Millions. 1st exclusive charge by way of hypothecation over the currents assets stored with co-packagers (Privilge Industries Limited) for Company's sales products to secure the enhanced limit of Rs. 250.000 Millions.
Date of latest modification prior to the present modification	02.03.2010
Particulars of the present modification	By this modification the credit facilities have been enhanced from Rs. 175.000 Millions to Rs. 250.000 Millions, as detailed hereunder: Overdraft/short term loan Rs. 250.000 Millions. -sub limits: a. Letter of credit Rs. 50.000 Millions. b. Bank Guarantee Rs. 10.000 Millions

FIXED ASSETS:

Ø Leasehold Improvements

Ø Plant and Machinery

Ø Vehicles

Ø Furniture and fixtures

Ø Computers

Ø Office Equipment

Ø Electrical Equipment

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. 53.78
UK Pound	1	Rs. 86.77
Euro	1	Rs. 69.71

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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.