MIRA INFORM REPORT

Report Date :

24.01.2013

IDENTIFICATION DETAILS

Name :	FIELDFRESH FOODS PRIVATE LIMITED [w.e.f. 20.05.2009]
Formerly Known As :	BHARTI DEL MONTE INDIA PRIVATE LIMITED [w.e.f. 23.05.2008] FIELD FRESH FOODS PRIVATE LIMITED
Registered Office :	C 2, First Floor, Plot No. 16, Udyog Vihar, Phase IV, Gurgaon-122015, Haryana
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	06.09.2004
Com. Reg. No.:	05-041215
Capital Investment / Paid-up Capital :	Rs.1175.117 Millions
CIN No.: [Company Identification No.]	U15133HR2004PTC041215
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Baby Corn, Snow Peas, Fine Beans, Fresh Preserved Vegetables, Fruit, Beans, etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 957000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a joint venture between ‘Bharti Enterprises and Del Monte Pacific Limited’. It is an established company having a moderate track record. It has incurred loss from its operation during 2012. Due to continuous loss the networth of the company is affected. However, trade relations are reported as fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealings with some caution.

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 :	C 2, First Floor, Plot No. 16, Udyog Vihar, Phase IV, Gurgaon-122015, Haryana, India
Tel. No.:	91-124-4109400/4276187
Fax No.:	91-124-4109390
E-Mail :	sridhar.natarajan@fieldfreshfoods.in
Website:	http://www.fieldfreshfoods.in

DIRECTORS

AS ON 02.08.2012

Name :

Mr. Rakesh Bharti Mittal

Designation :

Chairman cum Managing Director

Address :

E-26, Vasanat Marg, Vasant Vihar, New Delhi-110057, India

Date of Birth/Age :

18.09.1955

Date of Appointment :

06.09.2004

Din No.:

00042494

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	U74899DL1983PTC015323	BHARTI INFOTEL PRIVATE LIMITED	Director	4/3/1983	4/3/1983	-	Active	NO
2	L74899DL1995PLC070609	BHARTI AIRTEL LIMITED	Director	7/7/1995	7/7/1995	-	Active	NO
3	U32204HR1999PLC042204	BEETEL TELETECH LIMITED	Director	1/4/2011	30/03/1999	-	Active	NO
4	U72200HR1999PLC041214	COMVIVA TECHNOLOGIES LIMITED	Director	7/5/1999	7/5/1999	-	Active	NO
5	U72900DL2003PLC119377	AEGIS BPO SERVICES (GURGAON) LIMITED	Director	13/06/2006	12/3/2003	18/12/2007	Active	NO
6	U70101DL2003PTC120760	BHARTI REALTY PRIVATE LIMITED	Director	6/6/2003	6/6/2003	-	Amalgamated	NO
7	U15133HR2004PTC041215	FIELDFRESH FOODS PRIVATE LIMITED	Director	6/9/2004	6/9/2004	-	Active	NO
8	U72300DL2005PTC142757	BHARTI OVERSEAS PRIVATE LIMITED	Director	1/8/2009	21/11/2005	-	Active	NO
9	U72300DL2005PLC142756	BHARTI VENTURES LIMITED	Managing director	11/1/2010	21/11/2005	-	Active	NO
10	U74993DL2007PLC163757	BHARTI ENTERPRISES LIMITED.	Director	23/09/2008	22/05/2007	28/12/2009	Active	NO
11	U32039HR1985PLC032091	BHARTI TELECOM LIMITED	Director	24/09/2007	17/07/2007	-	Active	NO
12	U65923DL2007PTC168641	BHARTI (RM) HOLDINGS PRIVATE LIMITED	Director	18/09/2008	25/09/2007	-	Active	NO
13	U74900DL2007PTC169368	GOURMET INVESTMENTS PRIVATE LIMITED	Director	18/09/2008	12/10/2007	-	Active	NO
14	U51909DL2007PLC158953	BHARTI RETAIL LIMITED	Director	20/03/2008	20/03/2008	12/1/2010	Active	NO
15	U45201DL2006PTC147183	DM BUILDWELL PRIVATE LIMITED	Director	22/08/2008	22/08/2008	7/11/2009	Active	NO
16	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	29/09/2008	25/08/2008	-	Active	NO
17	U74900DL2009PTC190106	BHARTI (RM) TRUSTEES PRIVATE LIMITED	Director	30/09/2010	8/5/2009	-	Active	NO
18	U74900DL2009PTC190214	BHARTI (SATYA) TRUSTEES PRIVATE LIMITED	Director	30/09/2010	12/5/2009	-	Active	NO
19	U74140DL2009PTC190298	BHARTI (RM) RESOURCES PRIVATE LIMITED	Director	30/09/2010	14/05/2009	-	Active	NO
20	U74140DL2009PTC190300	BHARTI (RM) SERVICES PRIVATE LIMITED	Director	30/09/2010	14/05/2009	-	Active	NO
21	U74900DL2009PTC190495	BHARTI MANAGEMENT PRIVATE LIMITED	Director	30/09/2010	21/05/2009	-	Active	NO
22	U74120DL2007PLC158956	CENTUM LEARNING LIMITED	Director	7/6/2010	24/07/2009	-	Active	NO
23	U66030KA2007PLC043362	BHARTI AXA GENERAL INSURANCE COMPANY LIMITED	Director	17/08/2011	24/08/2009	-	Active	NO
24	U66010MH2005PLC157108	BHARTI AXA LIFE INSURANCE COMPANY LIMITED	Director appointed in casual vacancy	10/9/2009	10/9/2009	-	Active	NO
25	U74140DL2010PTC197775	BHARTI ENTERPRISES (HOLDING) PRIVATE LIMITED	Director	6/12/2010	8/1/2010	-	Active	NO
26	L74899DL1993PLC053677	IFCI LIMITED	Director	13/09/2011	27/10/2010	-	Active	NO
27	U66010DL2010PTC211456	BHARTI INSURANCE HOLDINGS PRIVATE LIMITED	Director	15/03/2011	15/12/2010	-	Active	NO
28	U67120DL1996PTC076641	FIRST AMERICAN SECURITIES PRIVATE LIMITED	Alternate director	10/8/2011	10/8/2011	-	Active	NO

Name :

Mr. Joselito Dee Campos

Designation :

Director

Address :

9 Banaba Circle, Cir South Forbes Park, Metro Manila, Makati City-1220, Philippines

Date of Birth/Age :

23.01.1951

Date of Appointment :

05.10.2007

Din No.:

01885366

Name :

Luis F Alejandro

Designation :

Director

Address :

414, Madrigal Ave Bgy, New Alabang, Ayala Alabang Village, Muntinpula, Manila-1780, Philippines

Date of Birth/Age :

09.11.1953

Date of Appointment :

25.11.2008

Din No.:

02156064

Name :

Mr. Devendra Khanna

Designation :

Director

Address :

C-2/27, 1^st Floor, Safdarjung Develo, Pment Area, New Delhi-110016, India

Date of Birth/Age :

14.07.1960

Date of Appointment :

25.11.2008

Din No.:

01996768

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	U64201DL1997PLC091001	BHARTI AIRTEL SERVICES LIMITED	Director	1/8/2008	18/01/2008	-	Active	NO
2	U74999DL2000PLC108006	BHARTI AQUANET LIMITED	Director	1/8/2008	21/01/2008	-	Amalgamated	NO
3	U32308DL2007PLC161809	IFFCO KISAN SANCHAR LIMITED	Director	5/9/2008	23/01/2008	30/06/2009	Active	NO
4	U32039HR1985PLC032091	BHARTI TELECOM LIMITED	Managing director	8/8/2008	29/01/2008	22/07/2009	Active	NO
5	U74899DL1995PLC067527	BHARTI HEXACOM LIMITED	Director	11/8/2008	27/03/2008	16/12/2009	Active	NO
6	U74140DL2008PTC173843	BHARTI RETAIL RESOURCES PRIVATE LIMITED	Director	24/04/2009	19/06/2008	-	Amalgamated	NO
7	U15133HR2004PTC041215	FIELDFRESH FOODS PRIVATE LIMITED	Director	21/08/2009	19/08/2008	-	Active	NO
8	U32204DL2008PLC183976	BHARTI TELEPORTS LIMITED	Director	6/10/2008	6/10/2008	26/03/2009	Active	NO
9	U32204HR1999PLC042204	BEETEL TELETECH LIMITED	Director	27/07/2009	27/01/2009	-	Active	NO
10	U74140KA2007PTC043520	GIBA HOLDINGS PRIVATE LIMITED	Alternate director	24/06/2011	24/06/2011	17/08/2011	Active	NO
11	U74900DL2011FTC221516	BSB INNOVATION INDIA PRIVATE LIMITED	Director	27/06/2011	27/06/2011	-	Active	NO

Name :

Mr. Sanjay Nandrajog

Designation :

Director

Address :

Ground Floor, TG-1, Orchid Garden, Sncity, Sector -54, Gurgaon-122003, Haryana, India

Date of Birth/Age :

12.09.1962

Date of Appointment :

19.11.2009

Din No.:

02814947

Name :

Mr. Rolando C Gapud

Designation :

Director

Address :

Flat C, 4/F, Estoril Court, 55, Garden Road, Hong Kong

Date of Birth/Age :

24.01.1942

Date of Appointment :

05.10.2007

Din No.:

01879924

KEY EXECUTIVES

Name :	Mr. Sridhar Natarajan
Designation :	Secretary
Address :	202, Guru Gram, Haryana GP Co-Operative Housing Society, Plot No. 28, Sector 56, Gurgaon-122003, Haryana, India
Date of Birth/Age :	09.02.1969
Date of Appointment :	19.02.2008
Pan No.:	ABDPS0736M

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 02.08.2012

Names of Shareholders	No. of Shares
Bharti Ventures Limited, India (Formerly Bharti Enterprises India Limited)	1987676
DMPL India Limited, Mauritius (Formerly Elrothschild Limited)	66255873
Bharti (SBM) Holdings Private Limited, India	25707279
Bharti (RBM) Holdings Private Limited India	16067048
Bharti (RM) Holdings Private Limited, India	16067048
Bharti (Satya) Trustees Private Limited, India	6426822
TOTAL	132511746

AS ON 23.08.2012

Names of Allottees	No. of Shares
Bharti (SBM) Holdings Private Limited, India	2522000
Bharti (RBM) Holdings Private Limited India	1576250
Bharti (RM) Holdings Private Limited, India	1576250
Bharti (Satya) Trustees Private Limited, India	630500
Bharti Ventures Limited, India (Formerly Bharti Enterprises India Limited)	195000
DMPL India Limited, Mauritius (Formerly Elrothschild Limited)	6500000
TOTAL	13000000

AS ON 23.10.2012

Names of Allottees	No. of Shares
Bharti (SBM) Holdings Private Limited, India	1940000
Bharti (RBM) Holdings Private Limited India	1212500
Bharti (RM) Holdings Private Limited, India	1212500
Bharti (Satya) Trustees Private Limited, India	485000
Bharti Ventures Limited, India (Formerly Bharti Enterprises India Limited)	150000
DMPL India Limited, Mauritius (Formerly Elrothschild Limited)	5000000
TOTAL	10000000

AS ON 21.01.2013

Names of Allottees	No. of Shares
Bharti (SBM) Holdings Private Limited, India	1552000
Bharti (RBM) Holdings Private Limited India	970000
Bharti (RM) Holdings Private Limited, India	970000
Bharti (Satya) Trustees Private Limited, India	388000
Bharti Ventures Limited, India (Formerly Bharti Enterprises India Limited)	120000
DMPL India Limited, Mauritius (Formerly Elrothschild Limited)	4000000
TOTAL	8000000

AS ON 02.08.2012

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]	50.00
Bodies corporate	50.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Baby Corn, Snow Peas, Fine Beans, Fresh Preserved Vegetables, Fruit, Beans, etc.

Products :

Product Description	Item Code
Fruit Drinks	20240000
Apples	20079940
Baby Corn	07099090

Brand Names :

“Del Monte”

PRODUCTION STATUS [AS ON 31.03.2012]

Particulars	Unit	Installed Capacity	Actual Production
Pet Juices	Cases	2550000	265411
Can Juices	Cases	3550000	342769
Culinary Foods	MT	12000	2732
Emulsions	MT	7200	1106

NOTE: Licensed and installed capacity, being a technical matter, has been certified by management and accepted by the auditors.

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

· ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda-390015, Gujarat, India

· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2012 [Rs. in Millions]	As on 31.03.2011 [Rs. in Millions]
Term Loan From Banks	1137.500	225.000
Working Capital Loans From Banks	364.389	350.544
TOTAL	1501.889	575.544

Banking Relations :	--
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	7^th Floor, Building 10, Tower B, DLF Cyber City Complex, DLF City Phase II, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-6792000
Fax No.:	91-124-6792012
PAN No:	AABFD2095B
Joint Venture :	· Del Monte Pacific Limited · DMPL India Limited · Bharti Ventures Limited · Bharti (SBM) Holdings Private Limited with effect from 27 March, 2012 · Bharti (RBM) Holdings Private Limited with effect from 27 March, 2012 · Bharti (RM) Holdings Private Limited with effect from 27 March, 2012 · Bharti (Satya) Trustees Private Limited with effect from 27 March, 2012
Entities where Key Management Personnel exercise significant influence / Group Companies* :	· Bharti Airtel Limited · Beetel Teletech Limited (Formerly Bharti Teletech Limited) · Bharti Airtel Services Limited · Bharti Wal-Mart Private Limited · GTL Limited · Bharti Foundation · Bharti AXA General Insurance Company Limited · Centum Learning Limited (formerly Bharti Learning Systems Limited) · Bharti Telemedia Limited · DMPL India Pte Limited · Bharti Reality Holding Limited · Niletech Limited · Bharti Enterprises Limited NOTE: * As per the representation given by the management of the Company.

CAPITAL STRUCTURE

AFTER 02.08.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
350000000	Equity Shares	Rs.10/- each	Rs.3500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
155511746	Equity Shares	Rs.10/- each	Rs.1555.117 Millions

AS ON 02.08.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
350000000	Equity Shares	Rs.10/- each	Rs.3500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
132511746	Equity Shares	Rs.10/- each	Rs.1325.117 Millions

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
350000000	Equity Shares	Rs.10/- each	Rs.3500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
117511746	Equity Shares	Rs.10/- each	Rs.1175.117 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		1175.117	3455.000	2955.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(935.649)	(2279.883)	(1572.961)
NETWORTH		239.468	1175.117	1382.039
LOAN FUNDS
1] Secured Loans		1501.889	575.544	51.875
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		1501.889	575.544	51.875
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1741.357	1750.661	1433.914
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1476.271	1513.790	584.973
Capital work-in-progress		5.433	28.222	366.186
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	306.464	395.253	164.384
	Sundry Debtors	236.794	216.683	222.335
	Cash & Bank Balances	3.003	5.652	402.660
	Other Current Assets	64.451	46.193	31.920
	Loans & Advances	73.106	114.098	55.850
Total Current Assets		683.818	777.879	877.149
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	361.508	419.900	369.471
	Other Current Liabilities	44.753	135.730	16.069
	Provisions	17.904	13.600	8.854
Total Current Liabilities		424.165	569.230	394.394
Net Current Assets		259.653	208.649	482.755
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1741.357	1750.661	1433.914

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	1768.873	1401.594	822.797
		Other Income	0.249	5.476	48.461
		TOTAL (A)	1769.122	1407.070	871.258
Less	EXPENSES
		Purchase and Other Direct Costs	1247.269	1029.748	646.631
		Overheads	1209.774	981.195	--
		Personnel Expenses	--	--	204.798
		Administration and Other Expenses	--	--	295.998
		Selling and Distribution Expenses	--	--	129.628
		TOTAL (B)	2457.043	2010.943	1277.055
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(687.921)	(603.873)	(405.797)
Less	FINANCIAL EXPENSES (D)		141.938	27.277	11.829
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(829.859)	(631.150)	(417.626)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		105.790	75.771	48.425
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(935.649)	(706.921)	(466.051)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(935.649)	(706.921)	(466.051)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	NA	(1106.911)
	BALANCE CARRIED TO THE B/S		NA	NA	(1572.962)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	193.025	160.097	127.854
	IMPORTS
		Raw Materials	55.179	12.558	0.000
		Packing Materials	83.996	19.679	0.762
		Finished Goods	247.033	390.280	231.550
		Capital Goods	7.362	285.665	6.928
	TOTAL IMPORTS		393.570	708.182	239.240
	Earnings / (Loss) Per Share (Rs.)		(2.83)	(7.96)	(2.39)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(52.89)	(50.24)	(53.49)
Net Profit Margin (PBT/Sales)	(%)	(52.89)	(50.44)	(56.64)
Return on Total Assets (PBT/Total Assets}	(%)	(43.32)	(30.85)	(31.87)
Return on Investment (ROI) (PBT/Networth)		(3.91)	(0.60)	(0.34)
Debt Equity Ratio (Total Liability/Networth)		8.04	0.97	0.32
Current Ratio (Current Asset/Current Liability)		1.61	1.37	2.22

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]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

BACKGROUND:

The Company was incorporated on 6 September, 2004 in the name of Fieldfresh Foods Private Limited. The name of the Company was changed to Bharti Del Monte India Private Limited on 23 May, 2008. The name of the Company was subsequently changed to FieldFresh Foods Private Limited with effect from 20 May, 2009 and a fresh Certificate of Incorporation consequent upon change of name was issued by the Registrar of Companies, NCT of Delhi and Haryana.

OPERATIONAL REVIEW:

The year 2011-12 began with several challenges viz: inflation, interest rates and regulatory uncertainties. Amidst all this, however the company showed a growth of 26% as compared to the previous year, led by the Processed Foods segment which grew by 67%. Margins were under pressure owing to excise duty imposed on the processed foods industry, surging inflation in input prices besides the tightening interest rates. The Processed Foods business includes juice drinks, canned fruits, culinary and Italian range of products under the brand name Del Monte.

With the task redefined in the Fresh exports business, sharp focus was on scaling up the baby corn and sweet corn programs and building capabilities on the chilies and herbs programs in both its growing regions viz. Punjab and Maharashtra. The Fresh exports business strengthened its niche position in the UK market by gaining a 15% share of the fresh baby corn retail market. In this financial year, the company consolidated its position in the Fresh exports business with 16 % of the total revenue coming from Fresh exports and 78% coming from the Processed Foods business.

FUTURE OUTLOOK:

In spite of various challenges, the financial year 2012-13 is full of opportunities. With the company’s objectives and strategies realigned and a sharper focus on scaling up the Fresh exports business operations, the Fresh exports business is poised for a turnaround both on the top line and bottom line during the year. Similarly, with the backing of a state of the art manufacturing facility at Hosur, the B2B business in the Processed Foods business is well geared to build a strong position in the Key Accounts and Food Service segments with new and exciting products along with building a sustainable and strong partnership with our customers. Besides, the Processed Foods business has initiated its exports program which will further leverage the Hosur facility.

The Indian B2C market in processed foods offers a huge potential and is on a high growth trajectory. Consumption of processed/ packaged foods is expected to grow at a rapid pace, driven primarily by higher disposal income, changing consumer behavior, emergence of organized food retail etc. The business is well placed to exploit these opportunities, particularly in the sizeable Beverage and Culinary space in the top 50 cities in a focused manner.

FIXED ASSETS:

· Land

· Building

· Leasehold Improvements

· Plant and Machinery

· Computer

· Office Equipments

· Furniture and Fixtures

· Vehicles

· Computer Software

WEBSITE DETAILS:

MANAGEMENT TEAM:

Mr. Rakesh Bharti Mittal, Chairman

Mr. Rakesh Bharti Mittal is the Chairman of Bharti Enterprises. An electronics engineer, he has rich experience in managing evolving business operations and environments for over 29 years. He is the Vice Chairman and Managing Director of Bharti Tele-Tech and is the Director in other group companies of Bharti, engaged in telecom services and solutions, BPO, etc.

Mr. Rolando C. Gapud, Director

 Mr. Rolando C. Gapud holds a Masters of Science in Industrial Management from the Massachusetts Institute of Technology. He has over thirty years experience in banking, finance and general management. Having worked as CEO of several Philippine companies, notably Security Bank and Trust Company, Oriental Petroleum and Minerals Corp. and Greenfield Development Corp. He was also the COO of the joint venture operations of Bankers Trust and American Express in the Philippines. He has served in the Boards of various major Philippine companies, including the Development Bank of the Philippines, the development finance arm of the Philippine Government. Mr. Gapud is currently an adviser to the NutriAsia Group of Companies.

Mr. Joselito D. Campos, Director

Mr. Joselito D. Campos, Jr. holds an MBA from the Cornell University. He is the Chairman and CEO of the NutriAsia Group of Companies, a major food conglomerate in Philippines. He is also the Chairman of Fort Bonifacio Development Corp. and the Vice Chairman of Ayala-Greenfield Development Corp., two major Philippine property developers. He was formerly Chairman and CEO of United Laboratories, Inc. and its regional subsidiaries and affiliates. UniLab is the Philippines’ largest pharmaceutical company with substantial operations in the Asian region. Mr. Campos is the Honorary Consul in the Philippines for the Republic of Seychelles. He is Chairman of the Metropolitan Museum of Manila and is a Trustee of the Asia Society in the Philippines, the Philippines-China Business Council and the Philippine Business for Social Progress Foundation.

Mr. Luis F. Alejandro, Director

He has over 20 years of experience in consumer product operations and management. He started his career with Procter and Gamble, where he spent 15 years in Brand Management before joining Kraft Foods Philippines Inc. as President and General Manager. Later, he joined Southeast Asia Foods Inc and Heinz UFC Philippines Inc. two leading consumer packaged condiment companies of the NutriAsia Group, as President and Chief Operating Officer.

He is an Economics graduate from the Ateneo De Manila University and an MBA from the Asian Institute of Management.

Mr. Devendra Khanna, Director

As  Corporate Director – Finance (Telecom and Retail), of Bharti Group, Deven is mainly responsible for corporate planning and business reviews, financial reporting, internal assurance and tax governance for all the businesses of the Bharti group. Deven joined Bharti Airtel in 2004 as the Group Financial Controller and spearheaded financial reporting, business planning and analysis, revenue assurance, taxation, risk controls and compliances and strategic financial projects. Deven has nearly 23 years of experience of which, 17 years was with the Triveni Group. He spearheaded group's public offerings, M and A and corporate restructuring initiatives. Deven is a Commerce graduate from Shri Ram College of Commerce, Delhi University and is a Fellow Member of the Institute of Chartered Accountants of India.

Mr. Sanjay Nandrajog, Director

Sanjay Nandrajog joined FieldFresh Foods Private Limited as the CEO in November 2007. He has been associated with the Bharti group since January 2003, where he has held several leadership positions in the Airtel Mobility business across both North and South business hubs. His last assignment was as an Executive Director – International Operations and Managed services, responsible for the Seychelles, Channel Islands and Sri Lanka operations. A chemical engineer from IIT Delhi and an alumnus of IIM Calcutta, Sanjay has a rich experience of over 23 years in diverse industries like Telecom, Beverages, Cosmetics, Paints, and Fertilizers and has worked in organizations like PepsiCo, Lakme and ICI in various Sales and Marketing, General Managerial and leadership roles.

PRESS RELEASE:

DEL MONTE BRINGS A FLAVOR OF ITALY TO AAHAAR 2012

NEW DELHI, MARCH 12, 2012:

Del Monte, a leading brand in processed food and beverages, brought to India in 2007 by FieldFresh Foods Private Limited, a JV between Bharti Enterprises and Del Monte Pacific Limited (DMPL). In its fourth year of participation at Aahar 2012, Del Monte pledged to strengthen the brand’s commitment towards the fast growing B2B segment by adding new variety of products, especially in its already wide Italian range.

At Aahar 2012, visitors to the Del Monte stall were transported to the streets of Italy, into a Trattoria (an authentic Italian family owned restaurant), the perfect ambience for an authentic Italian cuisine taste experience. The stall design beautifully showcased different product groups such as Del Monte fruit fillings and packaged fruits, fruit drinks and ketchups and culinary sauces in different zones while highlighting its Italian range.

A very popular aspect of the stall was the live cooking session held by the Del Monte Corporate Chef which demonstrated how to make authentic pasta, right from how to boil pasta to detailed guidelines on usage of pasta sauce .An interesting display element was the pizzas which showcased the variety of Del Monte toppings and sauces that could be used to make pizzas such as pizza pasta sauce, Snack Dressing, Pineapple, Mushrooms, Whole Kernel Corn, Jalapenos, olives etc

A special counter was set up for tasting of mayonnaise and mayo based products such as Eggless Mayo, Thousand Island dressing etc. These culinary sauces are manufactured at state-of-the-art facility at Hosur, Tamil Nadu. In order to meet B2B requirements the facility enables the company to create innovative and customized products to provide solutions to meet the ever challenging demands and requirements of its B2B customers.

Speaking about the plans for the B2B segment, Mr. Yogesh Bellani, Business Head, Del Monte Foods Business, FieldFresh Foods Private Limited said “The B2B segment is a key growth driver for the company in terms of both brand reputation and value of business. We have received tremendous response from our clients and partners in food and hospitality industry for not only offering high quality products but also due to our solutions oriented approach. To further strengthen our engagement, we have developed a range of Italian products for this segment. Having witnessed a phenomenal rise in the consumption of Italian cuisine both in and out of home, we have developed specific products and SKUs which will work as innovative solutions for our clients.”

Last year, at Aahar, Del Monte launched exotic flavors of Fruit Fillings like Strawberry, Wild Blueberry, Raspberry, Dark Cherry and Pineapple. To further highlight the versatility and usage of the product range in bakery products, the brand created a contest for confectioners and bakers which entailed co-creating innovative confectionary products using Del Monte range of fruit filling and canned fruits which were on display.

Aahar 2012 held between 12th and 16th of March saw participation from buyers, importers and wholesalers, suppliers and Hoteliers, bakers and confectioners etc and was an apt platform to connect with the B2B fraternity.  The range of Del Monte products which are widely used and appreciated by various QSRs, HORECA (Hotels/ Restaurants/ Catering) and bakery players includes Italian range, Ketchups and culinary sauces, fruit fillings and packaged fruits and Fruit drinks.

ABOUT DEL MONTE:

Brand Del Monte has 118 years of rich international heritage during which it has been synonymous with quality and taste. The brand originated in the US and is now available all across the globe. The Del Monte range of branded processed food and beverage products in India includes Fruit drinks, Ketchup and Sauces, Packaged Fruits and the Italian Range consisting of Pasta, Olive Oil and Olives/Jalapenos and a Culinary range for both B2B and B2C markets.

Del Monte was brought to India in 2007 by a joint venture between Bharti Enterprises and Del Monte Pacific Limited The JV is called FieldFresh Foods Private Limited

India’s leading business group, Bharti Enterprises, has interests in telecom, agri-business, and retail.  With over 228 million customers, Bharti’s flagship unit, Airtel Limited, is India’s leading private sector provider of telecommunication services. Del Monte Pacific Limited is listed in the Singapore Stock Exchange and has exclusive rights to the Del Monte brand for processed food and beverage products in the Indian subcontinent and in the Philippines where it enjoys leading market shares for canned pineapple juice and juice drinks, canned pineapple and tropical mixed fruits, tomato sauce, spaghetti sauce and tomato ketchup.

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 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 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.53.77
UK Pound	1	Rs.85.14
Euro	1	Rs.71.57

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	-
--CREDIT LINES	1~10	4
--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		30

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.