MIRA INFORM REPORT

Report Date :

08.06.2013

IDENTIFICATION DETAILS

Name :	SCHREIBER DYNAMIX DAIRIES LIMITED (w.e.f. 03.11.2006)
Formerly Known As :	DYNAMIX DAIRY INDUSTRIES LIMITED (w.e.f. 03.02.1994) CONWOOD FOOD INDUSTRIES LIMITED
Registered Office :	A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	11.05.1992
Com. Reg. No.:	11-066700
Capital Investment / Paid-up Capital :	Rs.950.962 Millions
CIN No.: [Company Identification No.]	U99999MH1992PLC066700
TAN No.: [Tax Deduction & Collection Account No.]	MUMD09903F
PAN No.: [Permanent Account No.]	AAACD3743J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter and importer of value added dairy products.
No. of Employees :	550 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (60)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 11000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having a good track record. Financial position of the company appears to be strong. Liquidity position seems to be good. The rating also take into consideration the strong debt protection and healthy support from its group companies. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. In view of strong promoters, the company can be considered for normal business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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	CRISIL
Rating	AA- (Long Term)
Rating Explanation	This rating are considered to have high degree of safety regarding timely servicing of financial obligation. Such instruments carry very low credit risk.
Date	08.06.2012

Rating Agency Name	CRISIL
Rating	A1+ (Short Term Rating)
Rating Explanation	This rating are considered to have strong degree of safety regarding timely payment of financial obligation. Such instruments carry lowest credit risk.
Date	08.06.2012

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’ list as of 31-03-2012.

LOCATIONS

Registered /Corporate Office :	A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra, India
Tel. No.:	91-22-67711900/ 903 / 28402304
Fax No.:	91-22-67711910
E-Mail :	praveen.heda@schreiberfoods.com hemant.kothari@schreiberfoods.com info@dynamixdairy.com jay.sharma@schreiberfoods.com
Website :	www.schreiberfoods.com
Area :	5000 sq. ft.
Location :	Owned
Factory :	E-94, MIDC, Bhigwan Road, Baramati, District Pune – 413 133, Maharashtra, India
Tel. No.:	91-2112-243821/ 22/ 23/ 24
Fax No.:	91-2112-243710/ 243707
Area :	2 acre
Location :	Owned

DIRECTORS

As on 17.08.2012

Name :

Mr. Amitabha Ray

Designation :

Managing Director

Address :

82, Trishul, 3^rd Cross Road Lokhandwala Complex, Andheri (West), Mumbai – 400 058, Maharashtra, India.

Date of Birth/Age :

23.08.1949

Date of Appointment :

18.11.2005

Qualification :

B.E.(Elect); PG in Control Engineering

Pan No.:

AABPR0328P

DIN No.:

00082806

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	U28920MH1968PTC014006	FAIRLON ENGINEERING PRIVATE LIMITED	Director	16-09-89	16-09-89	-	Active	NO
2	U01122PN2001PLC016511	SHARAD AGRO PROCESSORS LIMITED	Director	18-01-02	18-01-02	04-01-11	Active	NO
3	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Managing director	18-11-11	18-11-05	-	Active	NO

Name :

Mr. Pramod Krishnamoorary Goenka

Designation :

Director

Address :

Jakni Kutir, Vaibhav Society, Juhu Church Road, Mumbai – 400 049, Maharashtra, India

Date of Birth/Age :

31.12.1961

Date of Appointment :

09.06.2001

Qualification :

B.Com

DIN No.:

00029243

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	U36910MH1995PTC088038	SAY INDIA JEWELLERS PRIVATE LIMITED	Managing director	04-05-95	04-05-95	-	Active	NO
2	U15990MH1987PTC044777	CONWOOD INVESTMENTS PRIVATE LIMITED.	Director	21-03-96	21-03-96	-	Amalgamated	NO
3	U45200MH1978PTC020735	CONWOOD CONSTRUCTION COMPANY PRIVATE LIMITED	Director	01-04-99	01-04-99	-	Amalgamated	NO
4	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	09-06-01	09-06-01	-	Active	NO
5	U36911MH2004PTC144344	LILY JEWELLERY PRIVATE LIMITED	Director	03-02-04	03-02-04	-	Active	NO
6	U45201MH2004PTC144704	GOKULDHAM REAL ESTATE DEVELOPMENT COMPANY PRIVATE LIMITED	Director	25-02-04	25-02-04	01-09-09	Active	NO
7	U65990MH1994PTC080250	DYNAMIX SECURITIES AND HOLDINGS PRIVATE LIMITED	Director	28-06-04	28-06-04	-	Active	NO
8	U36910MH2005PTC150740	ROLLY JEWELLERY PRIVATE LIMITED	Director	19-01-05	19-01-05	11-10-12	Active	NO
9	U36100MH2005PTC156430	DANIA ORO JEWELLERY PRIVATE LIMITED	Director	29-09-05	29-09-05	-	Active	NO
10	U55101MH2004PTC149876	ALMANAC HOTELS PRIVATE LIMITED	Additional director	08-12-05	08-12-05	-	Dormant	NO
11	U55101MH2004PTC149219	GOAN HOTELS AND CLUBS PRIVATE LIMITED	Director	12-12-05	12-12-05	30-07-09	Active	NO
12	U74899MH1991PTC170072	ASTALAKSHMI FINANCIAL AND INVESTMENT SERVICES PRIVATE LIMITED.	Director	30-09-06	31-12-05	-	Active	NO
13	U55200MH1983PTC031709	CONSORT HOTELS PRIVATE LIMITED.	Director	29-09-06	17-01-06	02-04-08	Active	NO
14	U24239MH1959PTC011443	ANILINE CONSTRUCTION COMPANY PRIVATE LIMITED	Director	30-09-06	20-05-06	21-02-08	Active	NO
15	U45200MH1986PTC039169	PRIYA CONSTRUCTIONS PRIVATE LIMITED.	Director	29-09-06	06-07-06	02-04-08	Active	NO
16	U45200MH1989PTC154095	GOAN REAL ESTATE AND CONSTRUCTION PRIVATE LIMITED	Director	28-09-12	06-07-06	-	Active	NO
17	U70101MH1989PTC052891	HIRACON PROPERTIES PRIVATE LIMITED	Director	30-09-06	06-07-06	-	Active	NO
18	U45200MH1988PTC047902	KALPATARU PLAZA PRIVATE LIMITED	Director	06-07-06	06-07-06	-	Active	NO
19	U27200MH1946PLC005069	THE CRESCENT IRON AND STEEL CORPORATION LTD	Director	30-09-06	06-07-06	-	Active	NO
20	U70100MH1979PTC021291	EVERSMILE PROPERTIES PRIVATE LIMITED	Director	06-07-06	06-07-06	02-01-09	Active	NO
21	U55200MH1993PTC075524	DYNAMIX CLUBS AND RESORTS PVT LTD	Director	30-09-06	06-07-06	02-04-08	Active	NO
22	U70100MH1982PTC092727	EXCON DEVELOPERS PRIVATE LIMITED	Director	06-07-06	06-07-06	02-04-08	Active	NO
23	U45200MH1990PTC056103	HILLSIDE CONSTRUCTIONS COMPANY PRIVATE LIMITED	Director	06-07-06	06-07-06	02-04-08	Active	NO
24	U45202MH1982PTC026216	YJ REALTY PRIVATE LIMITED	Director	30-09-06	08-07-06	-	Active	NO
25	U01110MH1994PTC077262	DYNAMIX FLORICULTURE PRIVATE LIMITED	Director	29-09-06	14-08-06	22-06-09	Active	YES
26	U70100MH1979PTC020933	CONWOOD CONSTRUCTION & DEVELOPERS PRIVATE LIMITED	Director	30-12-06	14-08-06	-	Active	NO
27	U01110MH1994PTC078964	MALDUNGE FARMING AND AGRO PRODUCE PRIVATE LIMITED.	Director	14-08-06	14-08-06	-	Active	NO
28	U01110MH1994PTC083103	MALDUNGE RETREAT AND FARMING PRIVATE LIMITED	Director	29-09-06	14-08-06	-	Active	NO
29	U27205MH2006PTC165520	YASH JEWELLERY PRIVATE LIMITED	Director	13-11-06	13-11-06	-	Active	NO
30	U70100MH2004PTC149602	D B HOSPITALITY PRIVATE LIMITED	Director	15-11-06	15-11-06	07-03-09	Active	NO
31	U70102MH2006PTC165917	KUSEGAON REALTY PRIVATE LIMITED	Director	01-12-06	01-12-06	14-07-08	Active	NO
32	U55101MH2006PTC165933	DYNAMIX DEVELOPERS PRIVATE LIMITED	Director	01-12-06	01-12-06	03-12-11	Active	NO
33	U45209MH2006PTC166097	PERFECT SPACECON PRIVATE LIMITED	Director	08-12-06	08-12-06	14-07-08	Active	NO
34	U36911RJ2006PTC023478	LAKHA GEMS PRIVATE LIMITED	Director	15-12-06	15-12-06	-	Active	NO
35	U01119MH2006PTC166319	SAHYADRI GRAPE PLANTATION PRIVATE LIMITED	Director	19-12-06	19-12-06	14-07-08	Active	NO
36	U01119MH2006PTC166452	SAHYADRI ORGANIC FARMING PRIVATE LIMITED	Director	22-12-06	22-12-06	14-07-08	Active	NO
37	U55101MH2007PTC166968	YADGAR HOTELS PRIVATE LIMITED	Director	11-01-07	11-01-07	14-07-08	Active	NO
38	U51909MH2007PTC166973	YASH FRUIT TRADING AND PACKAGING PRIVATE LIMITED	Director	12-01-07	12-01-07	14-07-08	Active	NO
39	U70102MH2007PTC166974	MAN CHANDAK DEVELOPERS PRIVATE LIMITED	Director	12-01-07	12-01-07	14-07-08	Active	NO
40	L70200MH2007PLC166818	D B REALTY LIMITED	Director	13-08-07	10-02-07	07-03-09	Active	NO
41	U45200MH1982PTC026500	EVERSMILE CONSTRUCTION CO PRIVATE LIMITED.	Director	28-09-12	19-05-07	-	Active	NO
42	U99999MH1975PTC018511	CONWOOD AGENCIES PRIVATE LIMITED	Director	29-09-07	19-05-07	02-04-08	Active	NO
43	U55101MH1997PTC107571	BD AND P HOTELS (INDIA) PRIVATE LIMITED	Additional director	29-09-07	29-09-07	10-06-08	Active	NO
44	U36911MH2007PTC175044	DYNAMIX CHAINS MANUFACTURING PRIVATE LIMITED	Director	29-09-08	18-10-07	-	Active	NO
45	U70102MH2007PTC176761	CONWOOD REALTY PRIVATE LIMITED.	Director	13-12-07	13-12-07	11-03-10	Active	NO
46	U45200MH2004PTC144751	TRIDENT ESTATES PRIVATE LIMITED	Director	30-09-08	08-02-08	07-12-09	Active	NO
47	U52393MH2008PTC178687	MAGIC JEWELLERY PRIVATE LIMITED	Director	09-02-08	09-02-08	-	Strike off	NO
48	U74210MH1992PTC068584	INDOCON DEVELOPERS PRIVATE LIMITED	Director	30-09-09	01-04-08	-	Active	NO
49	U51900MH1989PTC052409	COGENT JEWELLERY PRIVATE LIMITED	Director	27-05-08	27-05-08	-	Active	NO
50	U45200MH2008PTC181214	MODERN HI-TECH DEVELOPERS PRIVATE LIMITED	Director	30-09-09	09-07-08	-	Active	NO
51	U92120MH2008PTC185498	MILAN THEATRES PRIVATE LIMITED	Director	05-08-08	05-08-08	-	Active	NO
52	U74120MH2010PTC202350	ASTORIA AGRO AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	23-04-10	23-04-10	-	Active	NO
53	U93090MH2010PTC210667	NASCENT JEWELLERY PRIVATE LIMITED	Director	10-01-11	10-01-11	-	Active	NO
54	U01403MH2010PLC208645	INDOCON AGRO AND ALLIED ACTIVITIES LIMITED	Director	02-03-12	15-01-11	-	Active	NO
55	U55100MH2012PTC231311	LIGHT BREW HOSPITALITY PRIVATE LIMITED	Director	21-05-12	21-05-12	10-07-12	Active	NO
56	U01110PN1994PLC132478	SAHYADRI COW FARMS LIMITED	Managing director	13-10-12	31-05-12	-	Active	NO
57	U65923MH2012PTC235054	ASTERISK AGRO AND ALLIED INDUSTRIES INVESTMENTS PRIVATE LIMITED	Director	28-08-12	28-08-12	-	Active	NO

Name :

Mr. Gobind Kaliandas Dryanani

Designation :

Director

Address :

Flat No. 24, 2^nd Floor, Chitrakut Building, Altamount Road, Mumbai – 400 026, Maharashtra, India

Date of Birth/Age :

13.08.1933

Date of Appointment :

24.06.2005

Qualification :

Matriculation

DIN No.:

00324867

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	U70100MH1979PTC021117	DARYANANI (INDO-SALGAON) CONSTRUCTIONS PRIVATE LIMITED	Director	17-03-79	17-03-79	-	Active	NO
2	U17120MH1951PTC008567	SWASTIK RAYON MILLS PRIVATE LIMITED	Director	24-03-81	24-03-81	-	Active	NO
3	U99999MH1969PTC014494	GLASS CONTAINERS PRIVATE LIMITED	Director	24-03-81	24-03-81	-	Active	NO
4	U45200MH1989PTC154095	GOAN REAL ESTATE AND CONSTRUCTION PRIVATE LIMITED	Director	10-02-92	10-02-92	11-07-11	Active	NO
5	U65990MH1994PTC081606	DARYANANI (INDO SAIGON) INVESTMENTS PRIVATE LIMITED	Director	29-09-94	29-09-94	-	Active	NO
6	U45201KA1995PTC017874	SONATA BUILDERS PRIVATE LIMITED	Director	31-08-00	31-08-00	-	Strike off	NO
7	U45201KA1995PTC017959	INDO SAIGON DEVELOPERS PRIVATE LIMITED	Director	31-08-00	31-08-00	-	Active	NO
8	U70109KA1995PTC017873	FINESSE DEVELOPERS PRIVATE LIMITED	Director	31-08-00	31-08-00	-	Strike off	NO
9	U45202MH1982PTC026216	YJ REALTY PRIVATE LIMITED	Director	04-09-04	04-09-04	-	Active	NO
10	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	24-06-05	24-06-05	-	Active	NO
11	U55101MH1997PTC107571	BD AND P HOTELS (INDIA) PRIVATE LIMITED	Director	23-08-06	23-08-06	27-09-07	Active	NO
12	U45400MH2007PTC172316	GOLDENDREAMS BUILDCON PRIVATE LIMITED	Director	06-12-08	15-02-08	12-12-11	Active	NO

Name :

Mr. Craig Edward Newman

Designation :

Director

Address :

3071, Mercedes Drives., Green Bay, Wisconsin 54313, USA

Date of Birth/Age :

22.09.1967

Date of Appointment :

25.09.2003

Qualification :

Bachlor of Science in Business/Economics – Wisconsin(USA)

DIN No.:

01776419

Name :

Mr. Krishna Murari Goenka

Designation :

Director

Address :

501 Kings Paartment, Juhu Tara Road, Mumbai – 400 049, Maharashtra, India

Date of Birth/Age :

06.12.1936

Date of Appointment :

11.05.1992

Qualification :

B.Com

Pan No.:

AFLPG2767G

DIN No.:

00029591

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	U99999MH1982PTC091647	CONWOOD CHEMICAL INDUSTRIES PRIVATE LIMITED	Director	12-04-84	12-04-84	-	Under Process of Striking off	NO
2	U99999MH1992PLC066700	SCHREIBER DYNAMIX DAIRIES LIMITED	Director	11-05-92	11-05-92	-	Active	NO
3	U74140DL2004NPL125424	CENTRE FOR INTERNATIONAL TRADE IN AGRICULTURE AND AGRO BASED INDUSTRIES	Director	25-03-04	25-03-04	29-01-07	Active	NO
4	U20291GJ1963PTC001226	DENSE WOOD PRIVATE LIMITED.	Director	29-09-07	25-11-06	12-04-12	Active	NO
5	U45200MH1989PTC154095	GOAN REAL ESTATE AND CONSTRUCTION PRIVATE LIMITED	Director	25-11-06	25-11-06	16-08-07	Active	NO
6	U45202MH1982PTC027927	SPAN CONSTRUCTION CO PVT LTD	Director	25-11-06	25-11-06	-	Active	NO
7	U70102MH2006PTC165917	KUSEGAON REALTY PRIVATE LIMITED	Director	01-12-06	01-12-06	14-07-08	Active	NO
8	U45209MH2006PTC166097	PERFECT SPACECON PRIVATE LIMITED	Director	08-12-06	08-12-06	14-07-08	Active	NO
9	U70102MH2007PTC166974	MAN CHANDAK DEVELOPERS PRIVATE LIMITED	Director	12-01-07	12-01-07	14-07-08	Active	NO
10	U01110MH1993PTC070820	SAHAPUR PLANTATIONS AND ORCHARD PRIVATE LIMITED.	Director	29-09-07	05-03-07	-	Active	NO
11	U70102MH2007PTC176761	CONWOOD REALTY PRIVATE LIMITED.	Director	13-12-07	13-12-07	10-01-10	Active	NO
12	L70200MH2007PLC166818	D B REALTY LIMITED	Director	21-09-11	21-04-11	10-12-11	Active	NO
13	U70100MH2004PTC149602	D B HOSPITALITY PRIVATE LIMITED	Alternate director	02-07-11	02-07-11	10-12-11	Active	NO
14	U01110PN1994PLC132478	SAHYADRI COW FARMS LIMITED	Director	24-09-12	31-01-12	-	Active	NO

Name :

Harley Tipton Skidmore

Designation :

Director

Address :

1894, Cady Lane, De Pere, Wisconsin 54115

Date of Birth/Age :

09.02.1958

Date of Appointment :

13.03.2009

Qualification :

Bachelor of Science – General Engineering, Masters of Science for Systems Management

DIN No.:

02585285

KEY EXECUTIVES

Name :	Mr. Jay Prakash Sharma
Designation :	Company Secretary
Address :	Flat No. 302, Silver Tower, Thakur Complex, Kandivali (East), Mumbai – 400 101, Maharashtra, India
Date of Birth/Age :	01.07.1976
Date of Appointment :	02.05.2012
PAN No.:	BKAPS2421Q
Name :	Mr. Pravin Heta
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 17.08.2012

SHAREHOLDINGS DETAILS FILES ATTACHED

As on 17.08.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	52.43
Directors or relatives of Directors	46.42
Other	1.15
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and importer of value added dairy products.

Products :

Product Description	Item Code No.
Butter	04-05-001
Skimmed Milk Powder	04-02-002
Processed Cheese	04-05-003

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Processed Cheese	MT	16307	3724
Casein MPC80	MT	3200	1806
Lactose	MT	3200	2239
Powders	MT	21600	18160
Butter and Ghee	MT	11520	9881
UHT Milk / Fl Milk / Juice	Ltr.’000	142356	71793
Natural / Mozzarella Cheese	MT	7200	6412
Dahi	MT	7920	3291

(a)Licensed capacity of 15 lakh (Previous Year 15 Lakh) litres per day approved by Ministry of Food Processing Industries, Government of India

(b)The installed capacity of butter is 4,800,000 kilograms (Previous Year 4,800,000)

(c)Installed capacity has been determined on two/three shift basis, wherever applicable, and on the basis of maximum handling capacity of milk by each production line, as certified by the management of the company. The information being of a technical nature has been relied upon by auditors.

(d)The above information has been mentioned only for those class of goods, which are mainly meant for sale.

(e)Actual Production includes:-

i) Qu antities Produced by third parties under contract with company.

ii) Quantities of Samples.

iii) Quantities for Captive Consumption.

GENERAL INFORMATION

No. of Employees :

550 (Approximately)

Bankers :

• State Bank of India, Mumbai, Maharashtra, India
• Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India

Tel. No.: 91-22-66699000

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
Short-term Borrowings
Rupee term loans from banks	54.727	84.175
Total	54.727	84.175

Banking Relations :	--
Financial Institution :	Rabo India Finance Limited, Forbes Building ; IInd Floor, Mumbai, Maharashtra, India
Auditors 1 :
Name :	S.R. Batliboi and Company Chartered Accountants
Address :	6^th Floor, Express Towers, Nariman Point, Mumbai – 400 021, Maharashtra, India
PAN.:	AAACE2442D
Auditors 2 :
Name :	S.R.B.C and Company Chartered Accountants
Address :	22 Camac, Street Block, C, 3 Road, Floor
PAN.:	ABSFS4151K
Holding Company :	Schreiber International Inc
Ultimate Holding company :	Schreiber Foods Inc
Fellow Subsidiary Company :	GBM Green Bay Machinery Company Inc
Associate :	Consort Hotels Private Limited CIN No.: U55200MH1983PTC031709 Conwood construction and Developers Private Limited CIN No.: U70100MH1979PTC020933 Crystal Granite and Marble Private Limited CIN No.: U51900MH1984PTC033987 D B Hospitality Private Limited CIN No.: U70100MH2004PTC149602 Devashree Foods Private Limited CIN No.: U51900MH1982PTC027524 Dynamix Developers Private Limited CIN No.: U55101MH2006PTC165933 Sahyadri Agro And Dairy Limited CIN No.: U01110PN1994PLC132478 Priya Constructions Private Limited CIN No.: U45200MH1986PTC039169 Span Construction Company Private Limited CIN No.: U45202MH1982PTC027927 D B Realty Limited CIN No.: L70200MH2007PLC166818 Conwood D B joint venture ECC DB joint venture Eon Aviation Private Limited Eversmile Construction Company Private Limited K G Enterprises Suraksha DB Reality Private Limited Turf Estate Joint venture Uppar Govind Nagar Welfare Associa Upvan Developers Y J Reality Private Limited

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
120000000	Equity Shares	Rs.10/- each	Rs.1200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
95096200	Equity Shares	Rs.10/- each	Rs.950.962 Millions

Disclosure of shareholding more than five per cent in company

Name of shareholder	Number of shares held in company	Percentage of shareholding in company
Schreiber International Inc, USA	4,84,99,062	51.00%
Gobind KDaryanani/ Rajni G Daryanani	1,18,11,788	12.00%
Ram K Daryanani/ Sangeeta Daryanani	83,79,830	8.80%
Pramod K Goenka	68,86,918	7.00%

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		950.962	950.962	950.962
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1894.131	1549.719	1419.105
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2845.093	2500.681	2370.067
LOAN FUNDS
1] Secured Loans		54.727	84.175	228.555
2] Unsecured Loans		0.000	150.000	0.000
TOTAL BORROWING		54.727	234.175	228.555
DEFERRED TAX LIABILITIES		180.856	205.615	220.306
TOTAL		3080.676	2940.471	2818.928
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1715.317	1868.794	1941.327
Capital work-in-progress		45.666	53.614	28.524
INVESTMENT		0.820	0.820	0.820
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1656.401	1254.705	1069.098
	Sundry Debtors	456.183	450.604	444.677
	Cash & Bank Balances	234.774	57.324	126.955
	Other Current Assets	14.852	14.257	26.773
	Loans & Advances	104.309	156.185	177.859
Total Current Assets		2466.519	1933.075	1845.362
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	694.001	539.943	694.076
	Other Current Liabilities	320.945	266.353	214.673
	Provisions	132.700	109.536	88.356
Total Current Liabilities		1147.646	915.832	997.105
Net Current Assets		1318.873	1017.243	848.257
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		3080.676	2940.471	2818.928

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012
	SALES
		Income	10373.343
		Other Income	15.307
		TOTAL (A)	10388.650
Less	EXPENSES
		Cost of materials consumed	8280.335
		Purchases of stock-in-trade	164.561
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(404.005)
		Employee benefit expense	406.981
		Other expenses	1189.842
		TOTAL (B)	9637.714
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		750.936
Less	FINANCIAL EXPENSES (D)		5.055
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		745.881
Less/ Add	DEPRECIATION/ AMORTISATION (F)		234.253
	PROFIT BEFORE TAX (E-F) (G)		511.628
Less	TAX (H)		167.214
	PROFIT AFTER TAX (G-H) (I)		344.414
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1157.999
	BALANCE CARRIED TO THE B/S		1502.413
	EARNINGS IN FOREIGN CURRENCY
		Exports on FOB basis	214.233
	TOTAL EARNINGS		214.233
	IMPORTS
		Raw Materials	486.752
		Stores, Spares parts, Components, Packing Material	35.508
	TOTAL IMPORTS		522.260
	Earnings Per Share (Rs.)		3.62

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	9378.103	7505.550
		Other Income	119.074	91.851
		TOTAL	9497.177	7597.401
Less	EXPENSES
		Consumption material changes inventories	7780.288	6095.094
		Manufacturing service costs	691.083	578.166
		Employee related expenses	356.342	297.649
		Administrative selling other expenses	225.889	139.949
		TOTAL	9053.602	7110.858
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		443.575	486.543
Less	FINANCIAL EXPENSES		23.905	9.939
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		419.670	476.604
Less	DEPRECIATION/ AMORTISATION		223.207	162.943
	PROFIT BEFORE TAX		196.463	313.661
Less	TAX		65.848	96.569
	PROFIT AFTER TAX		130.615	217.092
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1027.387	810.295
	BALANCE CARRIED TO THE B/S		1158.002	1027.387
	EARNINGS IN FOREIGN CURRENCY
		Exports on FOB basis	1447.871	775.917
	TOTAL EARNINGS		1447.871	775.917
	IMPORTS
		Raw Materials	372.147	271.048
		Components, spare parts and packaging material	78.334	109.908
		Capital goods	0.000	287.289
	TOTAL IMPORTS		450.481	668.245
	Earnings Per Share (Rs.)		1.37	2.28

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	3.32	1.38	2.86
Net Profit Margin (PBT/Sales)	(%)	4.93	2.09	4.18
Return on Total Assets (PBT/Total Assets}	(%)	12.41	5.17	8.28
Return on Investment (ROI) (PBT/Networth)		0.20	0.08	0.13
Debt Equity Ratio (Total Debt /Networth)		0.02	0.09	0.10
Current Ratio (Current Asset/Current Liability)		2.15	2.11	1.85

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	Yes
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	Yes
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

Note:

The registered office of the company has been shifted from Conwood House, Yashodhama K Vaidya Marg, Goregaon (East), Mumbai, Maharashtra, India to present address w.e.f. 25.09.2006

FINANCIAL RESULTS

The year was a landmark year for the Company as it delivered record financial and operating performance amidst challenging and volatile market conditions.

During the year, the Company has scaled new heights and set several new benchmarks in terms of turnover, EBIDTA and profits, Turnover for the year was Rs.10373.343 Millions as against Rs.9362.935 Millions in the previous year, reflecting growth of 10.80%, EBIDTA for the year was Rs. 750.936 Millions as against Rs. 439.131 Millions in the previous year, resulting in a growth of 71 % and Profit after tax, for the year was Rs.344.414 Millions as against Rs.130.612 Millions in the previous year, resulting in a growth of 163 %.

During the year, the other financial indicator also show remarkable performance, the earning per share (EPS) has increased from Rs. 1.37 to Rs. 3.62 per share.

However there was significant inflation in prices of raw material, packing materials and other key inputs laid tremendous pressure on the margins of the business.

PERFORMANCE AND PROSPECTS

During the year the performance of the Company has been satisfactory. The domestic market has shown a positive trend. The increase in the price of milk, ban on export of various dairy products and decline of export incentives has adversely affected the performance of the Company. This has, to a large extent, been compensated through increased realization from sale of all dairy products in the domestic market.

The Company is focused on long term, sustainable and profitable growth which has over the years built relationship, trust and confidence with consumers and suppliers.

The Company is poised to take the rightful position, as one of the leading players, in the Indian Dairy Industry.

UNSECURED LOAN

Rs. In Millions

Particular	As on 31.03.2012	As on 31.03.2011
Rupee term loans banks unsecured	0.000	150.000
Total	0.000	150.000

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U99999MH1992PLC066700
Name of the company	SCHREIBER DYNAMIX DAIRIES LIMITED
Address of the registered office or of the principal place of business in India of the company	A-306/307, Dynasty Business Park, 58 Andheri Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra, India praveen.heda@schreiberfoods.com
This form is for	Creation of charge
Type of charge	Book debts Floating charge Others (current assets , both present and future)
Particular of charge holder	Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India shareholders@yesbank.in
Nature of instrument creating charge	Deed of Hypothecation. Sanction Letter dated 15.06.2012.
Date of instrument Creating the charge	15.06.2012
Amount secured by the charge	Rs.200.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest WCDL-10.70% as per sanctioned letter dated 15.06.2012. Terms of Repayment As per sanctioned letter dated 15.06.2012. Margin 25 % as per sanctioned letter dated 15.06.2012. Extent and Operation of the charge Hypothecation charge on entire current asset of the Company (excluding stocks and receivable assigned to Pepsico India Holding Private Limited) rank pari passu with State Bank of In
Short particulars of the property or asset(s) charged (including complete address and location of the property)	The entire current assets of the Company including stocks of raw material, semi finished and finished goods, stores and spares, bills receivables and book debts and all other receivable and movables both present and future whether lying or stored in or about or shall hereinafter from time to time during of the security of these presents be brought into or upon or be stored or be in or about of factories, premises and godowns situate anywhere and as the same may be or be held by any party to the order or disposition of the company or in the course of transit or on high seas or on order or delivery, howsoever or wheresoever in the possession and control of the Company either by way of substitution or addition (excluding stocks and receivable assigned to Pepsico India Holding Private Limited)

FIXED ASSETS

· Free Hold Land

· Leasehold Land

· Buildings

· Furniture and Fixtures

· Vehicles

· Plant and Machinery

AS PER WEBSITE

PRESS RELEASE

NESTLE INDIA PICKS UP 26% STAKE IN INDOCON AGRO

NEW DELHI, FEB 4:  

In a surprise move, Nestle India Limited has acquired 26 per cent stake in a little known dairy company Indocon Agro and Allied Activities Private Limited.

In a note to the BSE on Monday, Nestle said that it had entered into an agreement to pick up a minority stake in Indocon, which is engaged in milk collection business in western India.

Nestle India currently has its own manufacturing facilities at Moga in Punjab and Samalkha in Haryana, which largely service the northern market.

Apart from that, it has contract supply arrangements for the West and South markets with Baramati-based Schreiber Dynamix Dairies Limited and the Hyderabad-based Heritage Foods for its curd and UHT (ultra high temperature) milk. Besides, it sources milk powder from domestic players such as Sterling Agro and VRS Foods.

“When there are so many suppliers, one doesn’t understand the rationale for picking up stakes, that too in a company about which not much is known,” an industry source said.

One possibility could be that this company could be linked to Schreiber Dynamix itself. There has been talk, of late, about Nestle tying up with Schreiber Dynamix to set up a milk powder plant at Baramati.

Schreiber Dynamix, formerly Dynamix Dairy Industries Limited, was originally promoted by K.M. Goenka, before the US-based cheese major Schreiber International Inc acquired a majority stake in it in 2003.

Following that, Goenka floated a separate company, Sahyadri Agro Produce and Dairy Limited, which is engaged in the business of milk handling for captive consumption of Schreiber Dynamix.

A Nestle India spokesperson said the Swiss major’s deal with Indocon was of ‘strategic and long-term’ nature, but could not give further details, including where the latter was based or how much milk it collects per day. Details of the financials of the transaction were also not disclosed.

Nestle India shares ended higher by 0.63 per cent to end at Rs 4,749 on the BSE on Monday.

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.56.74
UK Pound	1	Rs.88.53
Euro	1	Rs.75.20

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	6
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		60

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.