MIRA INFORM REPORT

Report Date :

10.09.2012

IDENTIFICATION DETAILS

Name :	KEVENTER AGRO LIMITED (w.e.f 07.01.1991)
Formerly Known As :	KEVENTER AGRO PRIVATE LIMITED
Registered Office :	Sagar Estate, 4^th Floor, 2 No Clive Ghat Street, Hare Street, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	20.05.1986
Com. Reg. No.:	21 -670429
Capital Investment / Paid-up Capital :	Rs. 117.732 Millions
CIN No.: [Company Identification No.]	U15419WB1986PLC040729
TAN No.: [Tax Deduction & Collection Account No.]	CALK00840A
PAN No.: [Permanent Account No.]	AABCK1716D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturers and exporters of Alphonso Mango Pulp, Totapuri Mango Pulp, Guava Pulp, Sesame Seeds, Bakery Ingredients
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 2800000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct as per commitments. The company can be considered normal for 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 – 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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Long Term Rating = BBB
Rating Explanation	The moderate-credit-quality rating. The rated instruments carries higher than average credit risk
Date	June 2012

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’

LOCATIONS

Registered Office / Corporate Office :	Sagar Estate, 4^th Floor, 2 No Clive Ghat Street, Hare Street, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-22304571/25428533
Fax No.:	91-33-22487669/30224573
E-Mail :	keventer@keventer.com
Website :	http://www.keventer.com
Regional Office :	77, Bajaj Bhavan, 7^th Floor, 266 Nariman Point, Mumbai, Maharashtra, India
Tel. No.:	91-22-2285381/ 83
Fax No.:	91-22-22814144
Export Office :	1^st Floor, HFCL Building, 9, Masjid Moth Commercial Complex, Greater Kailesh- 2, New Delhi – 110048, India
Tel. No.:	91-11-46016171
Fax No.:	91-11-41758744
Factory :	Subhas Nagar, Barasat, P.O. Nilgunj Bazar, Kolkata – 700121, North 24 Parganas, West Bengal, India
Tel. No.:	91-33-25428533/8534
Fax No.:	91-33-25423018
Export Import Office :	Block 1A, 1^st Floor, DLF Corporate Park, Gurgaon – 122002, Haryana, India

DIRECTORS

As on 30.09.2011

Name :

Mr. Probir Roy

Designation :

Director

Address :

10, Sourin Roy Road, Behala, Kolkata – 700034, West Bengal, India

Date of Birth/Age :

19.04.1945

Date of Appointment :

16.05.2005

DIN No.:

00033045

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	U24119WB1963SGC025873	DURGAPUR CHEMICALS LIMITED	Director	7/1/1997	7/1/1997	-	Active	NO
2	U15419WB1986PLC040729	KEVENTER AGRO LIMITED	Director	16/05/2005	16/05/2005	-	Active	NO
3	L74140WB1996PLC081521	SHALIMAR WIRES INDUSTRIES LIMITED	Director	21/07/2005	21/07/2005	-	Active	NO
4	U24231WB1936PLC008598	EAST INDIA PHARMACEUTICAL WORKS LIMITED	Director	25/07/2005	25/07/2005	-	Active	NO
5	U25112WB1984GOI037225	TYRE CORPORATION OF INDIA LIMITED	Director	5/12/2005	5/12/2005	4/12/2008	Active	NO
6	U28999AP1966GOI001202	BHARAT HEAVY PLATE AND VESSELS LIMITED	Director	3/4/2007	3/4/2007	18/03/2010	Active	NO
7	U70101WB2007PTC118817	TWISTER ENCLAVE PRIVATE LIMITED	Director	3/12/2007	3/12/2007	-	Active	NO
8	U91110WB1940NPL010249	BENGAL NATIONAL CHAMBER OF COMMERCE AND INDUSTRY	Director	27/09/2010	27/09/2010	-	Active	NO
9	L20211WB1957PLC023493	SARDA PLYWOOD INDUSTRIES LIMITED	Director	23/09/2011	9/5/2011	-	Active	NO

Name :

Mr. Arvind Pandalai

Designation :

Whole Time Director

Address :

B 260, Janpath Andalkar, Block Asian Games, Khelgaon Marg, New Delhi – 110049, India

Date of Birth/Age :

10.15.1949

Date of Appointment :

29.11.2008

DIN No.:

00352809

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	L74899DL1956GOI002674	THE STATE TRADING CORPORATION OF INDIA LIMITED	Managing director	17/09/1997	17/09/1997	22/10/2008	Active	NO
2	U85110KA1982GOI005013	STCL LIMITED	Director	20/01/1999	20/01/1999	-	Active	NO
3	U15419WB1986PLC040729	KEVENTER AGRO LTD.	Whole-time director	1/4/2012	29/11/2008	-	Active	NO
4	L17124MH1986PLC166615	INDO RAMA SYNTHETICS (INDIA) LIMITED	Director	11/9/2009	20/07/2009	-	Active	NO
5	L15141MP1985PLC003171	K.S.OILS LIMITED	Director	30/12/2011	11/2/2011	-	Active	NO
6	U01111DL2006PTC146082	CHETANYA HORTICULTURES PRIVATE LIMITED	Additional director	10/3/2011	10/3/2011	-	Active	NO
7	U40106HR2012PLC045840	INDO RAMA RENEWABLES LIMITED	Director	3/5/2012	3/5/2012	-	Active	NO
8	U40300HR2012PLC046057	INDO RAMA RENEWABLES JATH LIMITED	Director	23/05/2012	23/05/2012	-	Active	NO
9	U40102HR2012PLC046056	INDO RAMA RENEWABLES PORBANDAR LIMITED	Director	23/05/2012	23/05/2012	-	Active	NO
10	U40300HR2012PLC046070	INDO RAMA RENEWABLES RAMGARH LIMITED	Director	25/05/2012	25/05/2012	-	Active	NO

Name :

Me. Sumit Krishna Deb

Designation :

Director

Address :

37A, Raja Naba Kissen Street, Kolkata – 700005, West Bengal, India

Date of Birth/Age :

24.11.1981

Qualification :

B.sc with Honours in Economics

Date of Appointment :

30.01.1996

DIN No.:

00524590

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	U15209WB1991PLC051980	METRO DAIRY LIMITED	Managing director	25/11/2009	10/6/1991	-	Active	NO
2	U15419WB1986PLC040729	KEVENTER AGRO LIMITED	Director	30/01/1996	30/01/1996	-	Active	NO
3	U51909WB1986PLC040529	WEST BENGAL STATE FOOD PROCESSING and HORTI CULTURE DEV CORP LIMITED	Director	13/07/1998	13/07/1998	-	Active	NO

Name :

Mr. Mahendra Kumar Jalan

Designation :

Chairman Cum Managing Director

Address :

15, Belevedere Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

08.03.1948

Qualification :

B.Com

Date of Appointment :

29.05.1986

DIN No.:

00598710

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	L51909WB1982PLC035468	MKJ ENTERPRISES LIMITED	Managing director	1/4/2008	22/11/1982	-	Active	NO
2	U15419WB1986PLC040729	KEVENTER AGRO LIMITED	Director	29/05/1986	29/05/1986	-	Active	NO
3	L10000WB1936PLC008775	KHAITAN (INDIA) LIMITED	Director	20/03/1990	20/03/1990	-	Active	NO
4	U05004WB1989PTC047399	SUTANUTTI FARMS PRIVATE LIMITED	Director	21/05/1990	21/05/1990	15/02/2010	Active	NO
5	L45209WB1983PLC035740	MKJ DEVELOPERS LIMITED	Director	11/8/1990	11/8/1990	-	Active	NO
6	U15209WB1991PLC051980	METRO DAIRY LIMITED	Director	10/6/1991	10/6/1991	-	Active	NO
7	L51909WB1983PLC036288	MADANLAL LIMITED	Director	1/1/1993	1/1/1993	16/08/2010	Active	NO
8	L51109WB1974PLC029635	RIGHT ADDRESS LIMITED	Director	11/4/1994	11/4/1994	-	Active	NO
9	L67120WB1985PLC075585	TWENTY FIRST CENTURY SECURITIES LIMITED	Director	30/12/1994	30/12/1994	16/08/2010	Active	NO
10	U74999DL1985PLC021167	TWENTY FIRST CENTURY SECURITIES LIMITED	Director	30/12/1994	30/12/1994	-	Not Available for eFiling	NO
11	U45201WB1995PLC067263	BENGAL NRI COMPLEX LIMITED	Director	9/1/1995	9/1/1995	-	Active	NO
12	U70101WB1993PTC059673	KARAN HOUSING PROJECTS LIMITED	Director	14/03/1995	14/03/1995	16/08/2010	Active	NO
13	U35114WB1995PTC069392	BENGAL PORT PRIVATE LIMITED	Director	15/03/1995	15/03/1995	-	Active	NO
14	U51909WB1994PTC061581	SARVESH HOUSING PROJECTS PVT LTD	Director	15/04/1996	15/04/1996	16/08/2010	Active	NO
15	U36101TN1982PTC009271	MADRAS LEASING CO PRIVATE LIMITED	Director	18/03/1997	18/03/1997	16/08/2010	Active	NO
16	U45201DL1980PTC010882	CAMBRIDGE CONSTRUCTION ( DELHI ) LIMITED	Director	21/04/1997	21/04/1997	-	Active	NO
17	U27104TN1982PTC009272	MADRAS INDUSTRIAL CASTINGS PRIVATE LIMITED	Director	30/09/1997	30/09/1997	16/08/2010	Active	NO
18	U51909WB1995PLC067394	MKJ TRADEX LIMITED	Managing director	1/1/2008	30/05/2001	-	Active	NO
19	U70101WB1994PLC061579	KEVENTER PROJECTS LIMITED	Director	16/03/2002	16/03/2002	-	Active	NO
20	U51109WB2002PLC095474	KEVENTER FRESH LIMITED	Director	4/12/2002	4/12/2002	-	Amalgamated	NO
21	U24210MH2003PTC138528	KULPI PORT HOLDING PRIVATE LIMITED	Director	22/03/2004	22/03/2004	-	Active	NO
22	U70109WB1995PLC068434	DANKUNI PROJECTS LIMITED	Director	16/08/2005	16/08/2005	-	Active	NO
23	U45201MH2006PTC162970	EASTERN GATEWAY TERMINALS PRIVATE LIMITED	Director	27/09/2007	2/8/2006	-	Active	NO
24	U85300WB1926GAP005585	INDIAN CHAMBER OF COMMERCE CALCUTTA	Director	30/06/2008	30/06/2008	27/06/2009	Active	NO
25	U74999WB2010PLC150527	KEVENTER FOODPARK INFRA LIMITED	Director	17/06/2010	17/06/2010	17/03/2012	Active	NO
26	U24236WB1991PLC050927	PRIYA HEALTH CARE LIMITED	Director	30/09/2011	16/05/2011	-	Active	NO

Name :

Mr. Mayank Jalan

Designation :

Managing Director

Address :

15, Belevedere Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

15.09.1981

Qualification :

Mechanical Engineering (B. Engineering)

Date of Appointment :

01.07.2003

DIN No.:

00598842

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	U51109WB2002PLC095474	KEVENTER FRESH LIMITED	Director	1/7/2003	1/7/2003	-	Amalgamated	NO
2	U15419WB1986PLC040729	KEVENTER AGRO LIMITED	Managing director	1/4/2012	1/7/2003	-	Active	NO
3	U51909WB1995PLC067394	MKJ TRADEX LIMITED	Director	20/08/2003	20/08/2003	-	Active	NO
4	U70101WB1994PLC061579	KEVENTER PROJECTS LIMITED	Director	17/09/2003	17/09/2003	-	Active	NO
5	L51909WB1982PLC035468	MKJ ENTERPRISES LIMITED	Director	27/05/2005	27/05/2005	-	Active	NO
6	U70109WB1995PLC068434	DANKUNI PROJECTS LIMITED	Director	16/08/2005	16/08/2005	-	Active	NO
7	U74920MH1999PTC120597	MIEL E-SECURITY PRIVATE LIMITED	Director	29/09/2005	29/09/2005	28/09/2007	Active	NO
8	U70102MH2006PTC161884	RIDDHI SIDDHI MALL MANAGEMENT PRIVATE LIMITED	Director	9/11/2007	1/11/2006	15/06/2011	Active	NO
9	U74900WB2009PLC135933	GAMA HOSPITALITY LIMITED	Director	17/06/2009	17/06/2009	-	Active	NO
10	U74999WB2010PLC150527	KEVENTER FOODPARK INFRA LIMITED	Director	17/06/2010	17/06/2010	17/03/2012	Active	NO
11	U74899DL1994PLC058883	CANDICO (INDIA) LIMITED	Whole-time director	9/10/2010	1/10/2010	-	Active	NO
12	U74900WB2011PTC158395	CARSO INDIA LABS PRIVATE LIMITED	Director	2/2/2011	2/2/2011	-	Active	NO
13	U74999WB2011PLC158466	KEVENTER DAIRY LIMITED	Director	3/2/2011	3/2/2011	-	Active	NO
14	U24236WB1991PLC050927	PRIYA HEALTH CARE LIMITED	Director	30/09/2011	16/05/2011	-	Active	NO
15	U15209WB1991PLC051980	METRO DAIRY LIMITED	Director appointed in casual vacancy	29/06/2011	29/06/2011	-	Active	NO

Name :

Mr. Rajeev Varma

Designation :

Whole Time Director

Address :

G12, Sector 41, Noida – 201303, Uttar Pradesh, India

Date of Birth/Age :

11.04.1949

Qualification :

B. Sc, MBA, FCMI (U.K), PHD

Date of Appointment :

01.12.2011

DIN No.:

00944163

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	U15419WB1986PLC040729	KEVENTER AGRO LIMITED	Director	1/12/2011	5/3/2007	-	Active	NO
2	U74999WB2010PLC150527	KEVENTER FOODPARK INFRA LIMITED	Whole-time director	1/12/2011	1/12/2011	-	Active	NO

Name :

Mr.Suresh Kumar Sureka

Designation :

Director

Address :

6, Sarat Bose Road, 1E, Lansdown Heights, Kolkata – 700020, West Bengal, India

Date of Birth/Age :

03.12.1945

Date of Appointment :

16.05.2005

DIN No.:

01129853

KEY EXECUTIVES

Name :	Mr. Sanjay Gupta
Designation :	Senior V.P. Finance and Accounts
Date of Birth/Age :	17.04.1969
Qualification :	B.com ACA, ACS, Grad. ICWA
Name :	Mr. C.J. Chhabra
Designation :	Sr. Vice President Exports
Name :	Mr. Saurabh Jajodia
Designation :	GM, Operations
Name :	Mr. P. Naha
Designation :	Senior Manager, Personnel
Date of Birth/Age :	12.03.1964
Qualification :	Graduation in B.Sc. Mr. Naha has several other degrees attached to his name. LLB,CLW, D.S.W, IRPM and PGDHRM
Name :	Mr. J.R. Panchal
Designation :	GM Works
Date of Birth/Age :	3107.1958
Qualification :	Diploma in Electrical Engineering

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Edward Keventer Private Limited, India	1385416
Shashi Prava Jalan	218750
Mahendra Kumar Jalan	234385
Jalan M K and Others	130208
Madanlal Limited , India	417708
M K J Developers Limited , India	1835200
V Venkatramani	10
Bonod Chotumal Maroti	10
Pallab Amit Ghatak	10
Amit Prakash Om Varma	10
Sunit Krishna Rabindra Deb	10
M K J Enterprises Limited, India	5146473
The Right Address Limited, India	177083
Sarvash Housing Projects Private Limited , India	468750
Mayank Mahendra Kumar Jalan	808159
Sanjay Haryan Satya Gupta	9
Priya Health Care Limited, India	951048
Total	11773239

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	88.00
Directors or relatives of Directors	12.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturers and exporters of Alphonso Mango Pulp, Totapuri Mango Pulp, Guava Pulp, Sesame Seeds, Bakery Ingredients
Products :	Alphonso Mango Pulp Totapuri Mango Pulp Guava Pulp Sesame Seeds Bakery Ingredients
Brand Names :	FROOTI

PRODUCTION STATUS (As on 31.03.2010)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Fruit Juice	KL	NA	72000	23273
Packaged Drinking Water	KL	NA	40894	7618
Oil	KL	NA	86486	-
Ripening/ Cooling Chambers	MT	36500	32329	1474

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Axis Bank Limited, Corporate Banking Branch, 1, Shakespeare Sarani, AC Market, 3^rd Floor, Kolkata – 700071, West Bengal, India
• Allahabad Bank, Industrial Finance Branch, 17, R.N Mukherjee Road, 4^th Floor, Kolkata – 700001, West Bengal, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks secured	316.081	225.481
Foreign currency loans banks secured	31.576	0.000
Working capital loans banks secured	511.552	300.705
Other debt secured	18.141	21.946
Total	877.350	548.132
Unsecured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans banks unsecured	50.000	100.000
Working capital loans unsecured	96.102	0.000
Other debt unsecured	181.950	133.550
Total	328.052	233.550

Banking Relations :	--
Auditors :
Name :	S. R. Batlibol and Company Chartered Accountant
Address :	22, Camac Street, 3^rd Floor, Kolkata – 700016, West Bengal, India
Tel. No.:	91-33-66153400
Fax No.:	91-33-22817750
PAN.:	AALFS0506L
Associates :	Keventer Fresh Limited CIN No.: U74899DL1994PLC058883
Joint Venture :	Metro Dairy Limited Riddhi Siddhi Mall Management Private Limited Gama Hospitality Private Limited
Subsidiary :	Keventer Foodpark Infra Limited CIN No.: U74999WB2010PLC150527

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
12500000	Equity Shares	Rs.10/- each	Rs.125.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11773239	Equity Shares	Rs.10/- each	Rs.117.732 Millions

Notes : 715656 Equity Shares allotted for consideration other than cash in earlier years

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		117.732	79.997	75.841
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		583.928	342.150	212.312
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		701.660	422.147	288.153
LOAN FUNDS
1] Secured Loans		877.350	448.132	381.412
2] Unsecured Loans		328.052	233.550	75.000
TOTAL BORROWING		1205.402	681.682	456.412
DEFERRED TAX LIABILITIES		35.992	22.117	16.666
TOTAL		1943.054	1125.946	761.231
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		702.890	659.893	351.702
Capital work-in-progress including Capital Advances		57.410	8.361	37.577
INVESTMENT		401.915	30.058	50.258
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	361.767	240.060	157.067
	Sundry Debtors	371.236	152.427	88.662
	Cash & Bank Balances	36.126	14.194	106.906
	Other Current Assets	0.800	1.536	2.447
	Loans & Advances	201.285	244.403	81.642
Total Current Assets		971.214	652.620	436.724
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	114.206	159.847	90.682
	Other Current Liabilities	46.748	46.811	10.416
	Provisions	29.421	18.328	13.932
Total Current Liabilities		190.375	224.986	115.030
Net Current Assets		780.839	427.634	321.694
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1943.054	1125.946	761.231

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	2441.654	1744.877	1196.127
		Other Income	66.237	39.972	5.149
		TOTAL (A)	2507.891	1784.849	1201.276
Less	EXPENSES
		Consumption materials changes inventories	1819.056	1210.146
		Manufacturing service costs	188.692	152.830
		Employee related expenses	113.076	94.977	1063.636
		Administrative selling other expenses	152.069	137.984
		Prior period	0.688	0.000
		TOTAL (B)	2273.581	1595.937	1063.636
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		234.310	188.912	137.640
Less	FINANCIAL EXPENSES (D)		89.430	59.076	39.493
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		144.880	129.836	98.147
Less/ Add	DEPRECIATION/ AMORTISATION (F)		43.754	39.825	28.266
	PROFIT BEFORE TAX (E-F) (G)		101.126	90.011	69.881
Less	TAX (H)		21.612	19.572	11.147
	PROFIT AFTER TAX (G-H) (I)		79.514	70.439	58.734
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		148.764	95.440	66.705
Less	Profit and loss account debit balance as on 01.04.2009 of erstwhile Keventer Fresh Limited		0.000	22.608	0.000
Add	Deferred Tax Assets not recognized in the book of KFL		0.000	5.494	0.000
Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	0.000	30.000
	BALANCE CARRIED TO THE B/S		228.278	148.765	95.439
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports	NA	627.939	390.342
	TOTAL EARNINGS		NA	627.939	390.342
	IMPORTS
		Raw Materials		1.847	0.000
		Stores & Spares		0.246	2.750
		Trading Goods	NA	10.647	0.168
		Finished Goods		0.000	5.001
		Capital Goods		1.509	7.919
	TOTAL IMPORTS		NA	14.249	15.838
	Earnings Per Share (Rs.)		6.75	8.81	7.74

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.03	5.04	4.89
Net Profit Margin (PBT/Sales)	(%)	4.14	5.16	5.84
Return on Total Assets (PBT/Total Assets}	(%)	6.04	6.86	8.86
Return on Investment (ROI) (PBT/Networth)		0.14	0.21	0.24
Debt Equity Ratio (Total Liability/Networth)		1.99	2.15	1.98
Current Ratio (Current Asset/Current Liability)		5.10	2.90	3.80

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	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 (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	Yes
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	Yes

OPERATIONS

During the year, the Company continued its growth cycle. The Company has again achieved turnover and other income during the year at Rs. 2441.654 Millions with a growth rate of about 37. The company made an operating profit of Rs. 101.126 Millions and net profit after tax Rs. 79.514 Millions registering healthy rise in the operating margins. The oil business shows sign of stability and growth as well due to focus on the costs and distribution the total sales have registered Rs.202.994 Millions which is a significant growth in this segment. The business of the Fruit and Vegetables division has also shown growth of 32 and achieved turnover of Rs. 66.876 Millions. During the year, the Company has installed various equipments to augment production capacity and efficiency to ensure simultaneous production of multiple products/ SKUs. A new plant has already set up at company s existing premises at Barasat for production of Parle snacks product under the brand name HIPPO and also marketing the same into Eastern and North Eastern region in India under a franchisee agreement with Parle. The Company is also exploring the possibilities of entering into other businesses through strategic buying or tie up or joint venture with others in the food and beverage industry.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U15419WB1986PLC040729
Name of the company	KEVENTER AGRO LIMITED
Address of the registered office or of the principal place of business in India of the company	Sagar Estate, 4^th Floor, 2 Nochive Ghat Street, Hare Street, Kolkata – 700001, West Bengal, India Email : keventerho@keventer.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	90256850
Type of charge	· Book debts · Movable property (not being pledge) · Floating charge · Others (Movable Plant and Machinery etc.)
Particular of charge holder	Allahabad Bank, Industrial Finance Branch, 17, R.N Mukherjee Road, 4^th Floor, Kolkata – 700001, West Bengal, India ifbkol@gmail.com
Nature of instrument creating charge	General letter of hypothecation.
Date of instrument Creating the charge	21.06.2012
Amount secured by the charge	Rs.997.900 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per annexture enclosed with general letter of hypothecation. Terms of Repayment Working capital: repayable on demand. Term loan (existing): as per existing repayment schedule. Margin As applicable. Extent and Operation of the charge Term loans : 1st charge on entire movable fixed assets and 2nd charge on current assets (excluding fixed and current assets of 'f and v division' of the company) ranking pari passu with ICICI Bank Limited. Working capital : 1st charge on entire current assets and 2nd charge on movable fixed assets (excluding current and fixed assets of 'f and v division' of the company) ranking pari passu with ICICI Bank Limited and bank of Baroda. Others All the hypothecation assets shall be insured against loss or damage under bank clause. Other usual terms and conditions as applicable.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of entire stocks of raw materials, wip, finished goods like frooti, appy, appy fizz, utsav mastared oil, package drinking water, mango pulp for export and other products, goods and movable property of any kind which now or hereinafter from time to time stored or to be stored at the co's factory premises, godowns and works situated at subhas nagar, nilgung, fateabad, barasat, dist. 24 pgs(n), west bengal or wherever else. hypothecation of all present and future book debts, outstanding moneys, receivables, bills, claims and other current assets of the borrower Hypo. Of all tangible movable plant and machinery together with spares, tools and accessorie and other movables both present and future Whether lying loose or in cases or stored in or about or shall be brought into stored or upon or about the borrower's premises, godowns and works situated at nilgung bazar, barasat, dist. 24 pgs (n), west bengal or wherever else.
Date of instrument modifying the charge	27.03.2012
Particulars of the present modification	By this modification the overall credit facilities has been reduced from Rs.1349.400 Millions to Rs. 997.900 Millions [C/C: Rs. 240.000 Millions, C/C.(f and V div) : Rs.10.000 Millions, P/C : Rs.170.000 Millions (FBP/FBN of Rs. 170.000 Millions sub limit of pc), T.L(A) : Rs.3.500 Millions, T.L(b) : Rs.22.100 Millions, T.L(c) : Rs.44.200 Millions, T.L (f) : Rs. 40.000 Millions, T.L(g) : Rs. 50.000 Millions, T.L.(h) : Rs.140.000 Millions, T.L(i) : Rs.22.600 Millions, T.L (F and V div) : Rs. 145.500 Millions, L/C :Rs. 85.000 Millions and Bg :Rs.25.000 Millions]. All other terms and condition remain unaltered

FIXED ASSETS

• Freehold Land
• Building
• Plant and Machinery
• Furniture and Fixture
• Office and Other Equipment
• 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.55.52
UK Pound	1	Rs.88.49
Euro	1	Rs.70.20

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		47

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.