MIRA INFORM REPORT

Report Date :

01.07.2013

IDENTIFICATION DETAILS

Name :	AMIRA PURE FOODS PRIVATE LIMITED (w.e.f. 24.04.2012)
Formerly Known As :	AMIRA FOODS PRIVATE LIMITED (w.e.f. 02.04.2012) AMIRA FOODS LIMITED (w.e.f. 25.11.2011) AMIRA FOODS (INDIA) LIMITED (w.e.f. 28.05.2008) AMIRA AGRO SEZ AND INFRASTRUCTURE LIMITED
Registered Office :	B-I/E-28, Mohan Corporate Industrial Estate, New Delhi-110044
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	20.12.1993
Com. Reg. No.:	55-056536
Capital Investment / Paid-up Capital :	Rs. 129.800 Millions
CIN No.: [Company Identification No.]	U74899DL1993PTC056536
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged primarily in the business of processing and trading basmati rice, non-basmati and other food products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 7600000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is a part of “Amira Group”. It is a well established company having a satisfactory track record. Financially company seems to be good. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at usual trade terms and condition.

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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	BBB (Fund Based Limit)
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation. It carry moderate credit risk.
Date	May 2013

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 :	B-I/E-28, Mohan Corporate Industrial Estate, New Delhi-110044, India
Tel. No.:	91-11-46057560
Fax No.:	91-11-46057570
E-Mail :	gurpreet.kaur@amirafoods.com amirafoods@amirafoods.com
Website :	www.amirafoods.com
Factory :	21, Milestone, Pataudi Road, Gurgaon-123505, Haryana, India
Tel. No.:	91-124-2276472-474
Fax No.:	91-124-2276482

DIRECTORS

AS ON 10.09.2012

Name :	Mr. Karan A Chanana
Designation :	Director
Date of Appointment :	09.06.1994
PAN No.:	AAEPC6449H
DIN No.:	00005889

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	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Director	31-01-12	09-06-94	-	Active	NO
2	U45202KA1994PTC016736	SURUTI HOLDINGS PRIVATE LIMITED	Director	15-12-94	15-12-94	16-06-08	Active	NO
3	U72200DL2000PTC103953	AMIRA INFO TECHNOLOGIES PRIVATE LIMITED	Director	24-02-04	24-02-04	-	Active	NO
4	U72900DL2000PTC105989	AD-E BISS.COM PRIVATE LIMITED	Director	11-11-04	11-11-04	-	Active	NO
5	U51909DL2005PTC140673	KINETIC EXPORTS PRIVATE LIMITED	Director	13-09-05	13-09-05	05-11-11	Active	NO
6	U70109DL2006PTC151948	AMIRA INFRAA STRUCTURE PRIVATE LIMITED	Director	11-08-06	11-08-06	-	Active	NO
7	U51109DL2006PLC155514	AMIRA ENTERPRISES LIMITED	Director	15-11-06	15-11-06	-	Active	NO
8	U51909HR1997PTC042167	ANCIENT CONSTRUCTION AND SECMARK PRIVATE LIMITED	Director	29-09-07	19-03-07	20-08-08	Active	NO
9	U45203CT2007PTC020398	KNC ENTERPRISES PRIVATE LIMITED	Director	09-10-07	09-10-07	24-01-12	Active	NO
10	U40106DL2008PTC178780	AMIRA RENERGY PRIVATE LIMITED	Director	29-05-08	29-05-08	-	Active	NO
11	U45200DL2008PTC180819	AMIRA SEZ AND INFRASTRUCTURE PRIVATE LIMITED	Director	11-07-08	11-07-08	-	Active	NO
12	U51909DL2010PTC201353	ANANTYAA ENTERPRISE PRIVATE LIMITED	Director	09-04-10	09-04-10	-	Active	NO
13	U51909DL2010PLC201799	AMIRA ENTERPRISES INDIA LIMITED	Director	21-04-10	21-04-10	-	Active	NO
14	U15122DL2011PTC218809	SHARBATI ENTERPRISES PRIVATE LIMITED	Director	09-05-11	09-05-11	-	Active	NO
15	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	18-01-12	18-01-12	-	Active	NO

Name :	Ms. Anita Daing
Designation :	Director
Date of Appointment :	24.09.1996
PAN No.:	AAGPD4440F
DIN No.:	00005916

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	U18101DL1981PTC011616	YOU-N-ME PRIVATE LIMITED	Director	15-07-83	15-07-83	-	Active	NO
2	U45201DL1996PTC077257	SPARROW PROPERTIES PRIVATE LIMITED	Director	19-03-96	19-03-96	-	Converted to LLP and dissolved	NO
3	U01111DL1990PTC041801	KARAM CHAND AND COMPANY PRIVATE LIMITED	Director	27-07-96	27-07-96	-	Strike off	NO
4	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Whole-time director	01-01-08	24-09-96	-	Active	NO
5	U65993DL1998PTC097030	AMIRA INVESTMENTS PRIVATE LIMITED	Director	11-11-98	11-11-98	-	Active	NO
6	U51909HR1997PTC042167	ANCIENT CONSTRUCTION AND SECMARK PRIVATE LIMITED	Director	30-11-02	30-11-02	20-08-08	Active	NO
7	U74899DL1994PTC063492	SHREE NATH SHARES PRIVATE LIMITED	Director	06-11-04	06-11-04	30-11-12	Active	NO
8	U74899DL1993PTC054944	ARC HOSPITALITY PRIVATE LIMITED	Director	20-08-05	20-08-05	01-02-07	Active	NO
9	U85110KA1999PLC024629	CALLEO CONSOLIDATED TECHNOLOGIES LIMITED	Director	20-10-05	20-10-05	-	Active	NO
10	U70109DL2006PTC151948	AMIRA INFRAA STRUCTURE PRIVATE LIMITED	Director	11-08-06	11-08-06	-	Active	NO
11	U51109DL2006PLC155514	AMIRA ENTERPRISES LIMITED	Director	15-11-06	15-11-06	-	Active	NO
12	U70101DL2005PTC140938	A.K. DWELLERS PRIVATE LIMITED	Director	16-11-06	16-11-06	-	Converted to LLP and dissolved	NO
13	U40106DL2008PTC178780	AMIRA RENERGY PRIVATE LIMITED	Director	29-05-08	29-05-08	-	Active	NO
14	U13100DL2005PTC140847	PEGASUS MINERALS AND METALLOYS PRIVATE LIMITED	Additional director	10-04-10	10-04-10	12-07-10	Active	NO
15	U51909DL2010PLC201799	AMIRA ENTERPRISES INDIA LIMITED	Director	21-04-10	21-04-10	-	Active	NO
16	AAB-2333	KARAM PROCON LLP	Designated Partner	29-11-12	29-11-12	-	Active	NO
17	AAB-4409	R A PROCON LLP	Designated Partner	03-04-13	03-04-13	-	Active	NO
18	AAB-4662	SPARROW PROPERTIES LLP	Designated Partner	16-04-13	16-04-13	-	Active	NO

Name :	Mr. Anil Gupta
Designation :	Director
Date of Appointment :	30.11.2006
DIN No.:	00032137

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	U74899DL1989PTC034595	ARUN ESTATE PRIVATE LIMITED	Director	01-03-90	01-03-90	-	Active	NO
2	U74899DL1991PTC043393	M G S INDIA PRIVATE LIMITED	Managing director	01-07-94	01-07-94	-	Active	NO
3	U74899DL1994PTC060565	FARGO ESTATES PRIVATE LIMITED	Director	29-07-94	29-07-94	-	Active	NO
4	U70101DL1995PTC070885	GRAND ESTATES PRIVATE LIMITED	Director	18-07-95	18-07-95	-	Active	NO
5	U70101DL1996PTC077414	BOULDER ESTATES PRIVATE LIMITED	Director	21-03-96	21-03-96	-	Active	NO
6	U70101DL1996PTC077960	BASE ESTATES PRIVATE LIMITED	Director	09-04-96	09-04-96	-	Active	NO
7	U35122DL1996PTC077965	ARCH PROMOTERS PRIVATE LIMITED	Director	09-04-96	09-04-96	23-06-12	Active	NO
8	U70109DL1998PTC094730	RED BRICKS PROPERTIES PRIVATE LIMITED	Director	29-06-98	29-06-98	-	Active	NO
9	U45201DL1998PTC097490	BLUE SKY ESTATES PRIVATE LIMITED	Director	16-12-98	16-12-98	20-09-08	Active	NO
10	U74899DL2000PLC104965	ZEIT TECHNOLOGIES LIMITED	Director	23-05-00	23-05-00	-	Active	NO
11	U55101DL1998PTC093934	ARCHER CLUBS PRIVATE LIMITED	Director	03-08-01	03-08-01	-	Active	NO
12	U74899DL2000PTC104060	LEGION CLUBS PRIVATE LIMITED.	Director	01-07-02	01-07-02	-	Active	NO
13	U55101DL2003PTC118852	CHEQUERS RESORTS PRIVATE LIMITED	Director	07-02-03	07-02-03	23-10-09	Active	NO
14	U74999DL2002PLC114222	METRO WILHELM GREWE INDIA LIMITED	Director	02-05-03	02-05-03	-	Active	NO
15	U74899DL1990PTC041744	SIDDHI FINLEASE PRIVATE LIMITED	Director	01-11-04	01-11-04	20-09-07	Active	NO
16	U55101DL2003PTC119216	MGS HOSPITALITIES PRIVATE LIMITED	Director	03-03-05	03-03-05	-	Active	NO
17	U45203DL2005PTC134604	ABODE INFRASTRUCTURE PRIVATE LIMITED	Director	01-04-05	01-04-05	-	Active	NO
18	U45203DL2005PTC134603	AGILE CONSTRUCTION PRIVATE LIMITED	Director	01-04-05	01-04-05	-	Active	NO
19	U45201DL2005PTC134717	BLOSSOM INFRASTRUCTURE PRIVATE LIMITED	Director	05-04-05	05-04-05	-	Active	NO
20	U45201DL2005PTC135335	ACUMEN INFRASTRUCTURE PRIVATE LIMITED	Director	25-04-05	25-04-05	01-05-08	Active	NO
21	U45201DL1996PTC084057	D Y DEVELOPERS PRIVATE LIMITED	Director	05-05-05	05-05-05	-	Active	NO
22	U45201DL2005PTC136382	DELIGHT DEVELOPERS PRIVATE LIMITED	Director	18-05-05	18-05-05	-	Active	NO
23	U45201DL2005PTC137885	PETAL INFRASTRUCTURE PRIVATE LIMITED	Director	22-06-05	22-06-05	10-10-08	Active	NO
24	U45201DL2005PTC138095	ACORN INFRASTRUCTURE PRIVATE LIMITED	Director	28-06-05	28-06-05	01-02-08	Active	NO
25	U74899DL2005PTC141551	FARGO DEVELOPERS AND INFRASTRUCTURE PRIVATE LIMITED	Director	06-10-05	06-10-05	-	Active	NO
26	U74899DL2006PTC144439	ANIMATE INFRASTRUCTURE PRIVATE LIMITED	Director	03-01-06	03-01-06	01-05-08	Active	NO
27	U45201DL2006PTC144783	VANTAGE BUILDWELL PRIVATE LIMITED	Director	13-01-06	13-01-06	-	Active	NO
28	U70101DL1996PTC077966	ASSENT PROPERTIES PRIVATE LIMITED	Director	06-03-06	06-03-06	31-03-12	Active	NO
29	U92120DL2006PTC147286	MOVISCORP FILM PRODUCTION PRIVATE LIMITED	Director	09-03-06	09-03-06	-	Active	NO
30	U93091DL2006PTC149699	FARGO FACILITIES MANAGEMENT PRIVATE LIMITED	Director	29-09-07	13-06-06	-	Active	NO
31	U70101DL1996PTC080567	V.D.ESTATES PRIVATE LIMITED	Director	19-08-06	19-08-06	-	Active	NO
32	U70101DL1996PTC079044	SWAD PROPERTY PRIVATE LIMITED	Director	28-08-06	28-08-06	-	Active	NO
33	U74899DL1996PTC079041	SPARSH PROPERTY PRIVATE LIMITED	Director	28-08-06	28-08-06	-	Active	NO
34	U74899DL1995PTC073255	DEWDROPS PROPERTIES PRIVATE LIMITED	Director	28-08-06	28-08-06	-	Active	NO
35	U45201DL2005PTC136383	ELEVATE DEVELOPERS PRIVATE LIMITED	Director	29-09-07	04-10-06	-	Active	NO
36	U45201DL2006PTC147197	ARDENT INFRASTRUCTURE AND DEVELOPERS PRIVATE LIMITED	Director	29-09-07	16-11-06	-	Active	NO
37	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Director	30-11-06	30-11-06	-	Active	NO
38	U72300DL2007PTC160320	MAAN SOFTECH PRIVATE LIMITED	Director	08-03-07	08-03-07	-	Active	NO
39	U70109DL2006PLC149704	HELIOS INFRASTRUCTURE AND PROJECTS LIMITED	Director	29-09-07	02-04-07	-	Active	NO
40	U75144DL2007PTC162747	MGS SECURITIES PRIVATE LIMITED	Director	30-04-07	30-04-07	-	Active	NO
41	U70109DL2006PTC149533	JASMINE INFRACON PRIVATE LIMITED.	Director	29-09-07	12-05-07	-	Active	NO
42	U45201DL2006PTC147291	AZIMUTH CAPITAL PRIVATE LIMITED	Director	29-09-07	05-07-07	30-09-09	Active	NO
43	U45400DL2007PTC168419	TIRUPATI BALAJI ABODES PRIVATE LIMITED	Director	19-09-07	19-09-07	-	Active	NO
44	U45201DL2004PTC129819	JANUS INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Director	29-09-08	01-10-07	-	Active	NO
45	U63090DL1994PLC168695	ROUTES TRAVEL LIMITED	Director	22-09-08	29-10-07	-	Active	NO
46	U70109DL2006PTC149534	MARVEL INFRACON PRIVATE LIMITED.	Director	29-09-08	01-01-08	-	Active	NO
47	U70200DL2009PTC189017	MGS ASSOCIATES PRIVATE LIMITED	Director	31-03-09	31-03-09	11-05-12	Active	NO
48	U55101DL2009PTC189639	GREEN MANGO HOSPITALITIES PRIVATE LIMITED	Director	23-04-09	23-04-09	-	Active	NO
49	U45201DL2005PTC135403	DAZZLE DEVELOPERS PRIVATE LIMITED	Director	01-10-09	01-10-09	09-03-10	Active	NO
50	U70100DL2012PTC235248	MAXIM BUILDCON PRIVATE LIMITED	Director	03-05-12	03-05-12	25-02-13	Active	NO
51	U64201DL2000PTC106024	PRECISE NETLINK PRIVATE LIMITED	Director	28-09-12	03-08-12	-	Active	NO
52	U45200DL2007PTC158307	PUJA BUILDWELL PRIVATE LIMITED	Director	12-10-12	12-10-12	-	Active	NO

Name :	Mr. Shyam Poddar
Designation :	Director
Date of Appointment :	01.04.2009
DIN No.:	00242119

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	U74899DL1992PTC048534	FOREX-CAPITAL SERVICES PRIVATE LIMITED	Whole-time director	29-04-92	29-04-92	-	Active	NO
2	U74140DL2006PTC157137	SAP FINCAD SOLUTIONS PRIVATE LIMITED	Director	29-12-06	29-12-06	-	Active	NO
3	L15140UP1989PLC011396	JVL AGRO INDUSTRIES LIMITED	Director	29-09-07	02-07-07	06-08-11	Active	NO
4	U51109DL2006PLC155514	AMIRA ENTERPRISES LIMITED	Director	28-09-09	01-04-09	10-09-12	Active	NO
5	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Director	26-09-09	01-04-09	-	Active	NO
6	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	24-12-10	24-12-10	-	Active	NO

Name :	Mr. Rahul Sood
Designation :	Director
Address :	V-3717, DLF, Phase –III, Gurgaon-122002, Haryana, India
Date of Birth/Age :	13.04.1969
Date of Appointment :	01.03.2011
DIN No.:	00379895

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	U74899DL1994PTC060706	TIME MASTER INDIA PRIVATE LIMITED	Alternate director	19-05-98	19-05-98	-	Active	NO
2	U74999DL2004PTC131022	MENLO WORLDWIDE LOGISTICS INDIA PRIVATE LIMITED	Director	17-12-04	17-12-04	07-02-11	Active	NO
3	U74140MH2006PTC163095	CLEARSTONE VENTURE ADVISORS PRIVATE LIMITED	Director	14-07-06	14-07-06	-	Active	NO
4	U55101HP1978PTC003846	VIRENDRA HOTELS AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	30-09-06	30-09-06	-	Active	NO
5	U24233HR2007PTC037028	PANTHERYX MEDICAL PRIVATE LIMITED	Director	18-07-07	18-07-07	26-03-09	Active	NO
6	U72900PN2005PTC020816	MIMOSA DATA SYSTEMS (INDIA) PRIVATE LIMITED	Director	29-09-07	31-07-07	-	Strike off	NO
7	U74899DL1994PLC061971	SSIPL RETAIL LIMITED	Director	30-09-08	27-03-08	-	Active	NO
8	U74140HR2008PTC038428	HOPE ADVISORS PRIVATE LIMITED	Director	05-12-08	05-12-08	-	Active	NO
9	U74900MH2009PTC190718	GIL SERVICES PRIVATE LIMITED	Director	05-03-09	05-03-09	12-07-12	Active	NO
10	U35990HR2009PTC039735	PADMINI EMT TURBO ELEMENTS PRIVATE LIMITED	Director	24-11-09	24-11-09	-	Active	NO
11	U74140DL2007PTC164973	MAZARS ADVISORY PRIVATE LIMITED	Director	29-03-10	29-03-10	04-10-10	Active	NO
12	U74140DL2007PTC167463	ATHENA CAPITAL ADVISORS PRIVATE LIMITED.	Director	24-09-10	24-09-10	-	Active	NO
13	U74899DL1993PTC056536	AMIRA PURE FOODS PRIVATE LIMITED	Director	30-09-11	01-03-11	-	Active	NO
14	U74999DL2012PTC236044	JMD LUXURY PRIVATE LIMITED	Director	17-05-12	17-05-12	-	Active	NO
15	U74999HR2013PTC048327	2BLUE MEDIA PRIVATE LIMITED	Director	12-02-13	12-02-13	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Namita Bhatnagar
Designation :	Secretary
Date of Appointment :	14.02.2011
PAN No.:	AKKPB8164C

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

NOTE

Shareholders details are not available.

AS ON 16.10.2012

Names of Allottees	No. of Shares
Amira Nature Foods Limited, Mauritius	53102500
TOTAL	53102500

AS ON 10.09.2012

Equity Shares Break Up	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	54.71
Bodies corporate	34.23
Directors or relatives of Directors	11.06
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged primarily in the business of processing and trading basmati rice, non-basmati and other food products.

PRODUCTION STATUS (AS ON : 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Milling	Tonne	180000	99799
Processing	Tone	198000	151512

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• Canara Bank, Prime Corporate Branch, Connaught Place, New Delhi-110001, India
• ICICI Bank
• Bank of Baroda
• Axis Bank
• HDFC Bank
• Kotak Mahindra Bank
• Yes Bank
• State Bank of Hyderabad

Facilities :

Secured Loan

Rs. In Millions

31.03.2012

Rs. In Millions

31.03.2011

Long Term Borrowings

Term Loans

From Banks*

376.10

493.100

Short Term Borrowings

Working Capital Loans from Banks

5445.000

4679.700

TOTAL

5821.100

5172.800

NOTES

Long Term Borrowings

*The total long term loan is Rs. 504.398 Millions (PY Rs. 563.355 Millions) out which current maturities have been disclosed under "Other Current Liabilities"

Detail of security for secured term loan

(Term loans facilities for manufacturing of Plant and Machinery i.e. Rs. 366.200 Millions (PY Rs. 473.400 Millions) are secured by exclusive and first pari- passu basis by way of hypothecation of plant and machinery (except land and building) having estimated value of Rs. 719.600 Millions to be purchased out of Term Loan.

Term loans of Rs. 9.900 Millions (PY Rs. 19.700 Millions) for vehicles are secured by way of hypothecation of specific assets, purchased against the loan and the personal guarantees of whole time directors.

Maturity profile of term loan are as set out below:

(Rs. In Millions)

Loan for:	1-2 years	2-3 years	3-4 years	Beyond 4 years	Total
Secured
Plant and machinery	105.200	105.200	67.700	88.100	366.200
Vehicles	4.100	2.500	2.300	1.000	9.900
Unsecured
Others	280.000				280.000
Total					656.100

Banking Relations :	--
Auditors :
Name :	R N Marwah and Company Chartered Accountant
Address :	4/80, Janpath, New Delhi-110001, India
PAN No.:	AAAFR9496F
Subsidiaries :	Amira Foods Pte Limited Amira Foods Inc Amira Foods Sdn Bhd Amira C Foods International Dmcc

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs. 200.000 Millions
500000	Preference Shares	Rs.100/- each	Rs. 50.000 Millions
	TOTAL		Rs. 250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12979975	Equity Shares	Rs.10/- each	Rs. 129.800 Millions

AS ON 10.09.2012

Authorised Capital : Rs. 1550.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 660.825 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	129.800	129.800
(b) Reserves & Surplus	1771.000	1451.500
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1900.800	1581.300
(3) Non-Current Liabilities
(a) long-term borrowings	656.100	593.100
(b) Deferred tax liabilities (Net)	123.500	110.400
(c) Other long term liabilities	852.700	410.000
(d) long-term provisions	14.200	8.100
Total Non-current Liabilities (3)	1646.500	1121.600
(4) Current Liabilities
(a) Short term borrowings	5969.100	6162.900
(b) Trade payables	1107.800	2095.700
(c) Other current liabilities	352.800	287.800
(d) Short-term provisions	401.800	296.100
Total Current Liabilities (4)	7831.500	8842.500
TOTAL	11378.800	11545.400
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1114.800	1159.300
(ii) Intangible Assets	22.100	21.900
(iii) Capital work-in-progress	316.800	272.700
(b) Non-current Investments	41.500	37.500
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	322.900	350.400
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	1818.100	1841.800
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	6143.500	6112.600
(c) Trade receivables	2669.100	2595.900
(d) Cash and cash equivalents	343.400	591.900
(e) Short-term loans and advances	66.800	191.000
(f) Other current assets	337.900	212.200
Total Current Assets	9560.700	9703.600
TOTAL	11378.800	11545.400

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		129.800
2] Share Application Money		0.000
3] Reserves & Surplus		1249.933
4] (Accumulated Losses)		0.000
NETWORTH		1379.733
LOAN FUNDS
1] Secured Loans		4845.899
2] Unsecured Loans		1428.649
TOTAL BORROWING		6274.548
DEFERRED TAX LIABILITIES		68.223
TOTAL		7722.504
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		881.034
Capital work-in-progress		485.930
INVESTMENT		37.261
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6445.243
	Sundry Debtors	1383.722
	Cash & Bank Balances	104.782
	Other Current Assets	0.000
	Loans & Advances	525.414
Total Current Assets		8459.161
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1813.386
	Other Current Liabilities	88.630
	Provisions	238.866
Total Current Liabilities		2140.882
Net Current Assets		6318.279
MISCELLANEOUS EXPENSES		0.000
TOTAL		7722.504

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
SALES
	Income	14866.500	12160.142	9122.915
	Other Income			163.103
	TOTAL	14866.500	12160.142	9286.018
EXPENSES
	Purchase, Material and Manufacturing Expenses	14313.500	11787.151	9213.357
	Personal Expenses			89.055
	Administrative Expenses			122.192
	Selling and Distribution Expenses			318.974
	Increase / Decrease In Stock			(1364.044)
	TOTAL	14313.500	11787.151	8379.534
PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		[Including Financial	[Including Financial	906.484
		Expenses ]	Expenses ]
FINANCIAL EXPENSES				597.596
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		553.000	372.991	308.888
DEPRECIATION/ AMORTISATION		78.700	71.372	37.718
PROFIT / (LOSS) BEFORE TAX		474.300	301.419	271.170
TAX		167.300	99.344	95.856
PROFIT / (LOSS) AFTER TAX		307.000	202.075	175.314
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		822.400	640.797	509.447
Tax Adjustments		(12.800)	0.000	20.428
Prior Period Adjustment		0.000	0.000	3.536
APPROPRIATIONS
	Transfer to General Reserve	20.000	20.000	20.000
BALANCE CARRIED TO THE B/S		1121.900	822.371	640.797
EXPORT VALUE		NA	6430.480	4592.881
Earnings / (Loss) Per Share (Rs.)		23.65	15.57	13.72

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	2.07	1.66	1.89
Net Profit Margin (PBT/Sales)	(%)	NA	NA	2.97
Return on Total Assets (PBT/Total Assets}	(%)	4.30	2.68	2.90
Return on Investment (ROI) (PBT/Networth)		0.25	0.19	0.20
Debt Equity Ratio (Total Debt /Networth)		3.49	4.27	4.55
Current Ratio (Current Asset/Current Liability)		1.22	1.10	3.95

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)	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Unsecured Loan	Rs. In Millions 31.03.2012	Rs. In Millions 31.03.2011
Long Term Borrowings
Term Loans
From Banks and Other Parties	280.000	100.000
Short Term Borrowings
Working Capital Loans from Banks	463.100	1423.100
Loans and advances from Related Parties	61.000	60.100
TOTAL	804.100	1583.200

OVERVIEW

Amira Foods Limited, erstwhile known as Amira Foods (India) Limited is engaged primarily in the business of processing and trading basmati rice, non-basmati and other food products. The company's rice processing plant is located in Gurgaon, India. AFL is a 'Company limited by shares', which was incorporated on 20th December, 1993, The registered office of the Company is located at B-1/E-28, Mohan Cooperative Industrial Estate, New Delhi-110044. The Company's name subsequent to Balance Sheet date has been renamed to "Amira Pure Foods Private Limited".

OPERATIONS

Sales of the Company for the year ended March 31, 2012, was Rs. 14866.500 Millions (previous year Rs. 12160.142 Millions) increased by 22.26% as compared to previous year.

The company has entered into fresh markets in the previous year thereby contributing to increase in sales.

The directors of the company are optimist and envisage further increase in the sales in the coming year.

FORM 8

Corporate identity number of the company	U74899DL1993PTC056536
Name of the company	AMIRA PURE FOODS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	B-I/E-28, Mohan Corporate Industrial Estate, New Delhi-110044, India
This form is for	Modification of charge
Charge identification number of the charge to be modified	10025934
Type of charge	Immovable property Book debts Movable property (not being pledge) Floating charge
Particular of charge holder	Canara Bank, Prime Corporate Branch, Connaught Place, New Delhi-110001, India
Nature of instrument creating charge	Common Hypothecation Agreement dated 11.05.2013
Date of instrument Creating the charge	11.05.2013
Amount secured by the charge	Rs. 930.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest @ 3% p.a. above ongoing Base Rate of the Bank ie 13.25% p.a. at present at monthly rests. Terms of repayment Payable on demand Margin 25% Extent and operation of the charge 100% Other To secure all amounts payable under enhanced OCC/ODBD limit of Rs. 930.000 Millions granted to/enjoyed by the Company together with all interests, costs, charges, expenses, commission etc.
Short particulars of the property charged (Including location of the property)	First pari-passu charge with other consortium member on stocks of raw-materials, work-in-process, semi-finished goods and finished goods, all book-debts/receivables and all moveable fixed assets of the Company - both present and future including land and building situated at 21st Milestone, Garhi More, Pataudi Road, Village Harsaru, District Gurgaon (Haryana)
Date of instrument modifying the charge	24.05.2010
Particulars of the present modification	The first pari-passu charge with other consortium member on stocks of raw-materials, work-in-process, semi-finished goods and finished goods, all book-debts/receivables and all moveable fixed assets of the Company - both present and future including land and building situated at 21st Milestone, Garhi More, Pataudi Road, Village Harsaru, District Gurgaon (Haryana) stands enhanced from Rs. 630.000 Millions to Rs. 930.000 Millions as detailed in Annexure 'A'

FIXED ASSETS

• Land
• Factory Building
• Staff Rooms
• Plant and Machinery
• Storage Equipments
• Generator
• Trade Mark
• Vehicles
• Office Equipments
• Electrical Fittings

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. 59.69
UK Pound	1	Rs. 91.14
Euro	1	Rs. 77.97

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		44

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.