1. Summary Information

		Country	India
Company Name	GODREJ AGROVET LIMITED	Principal Name 1	Mr. Nadir burjorji godrej
Status	Good	Principal Name 2	Mr. Balram singh yadav
		Registration #	11-135359
Street Address	Pirojsha Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400 079, Maharashtra, India
Established Date	25.11.1991	SIC Code	--
Telephone#	91-22-25188010	Business Style 1	Manufacturing
Fax #	91-22-25188485	Business Style 2	Selling
Homepage	www.godrejsoaps.com	Product Name 1	Animal feeds
# of employees	Not available	Product Name 2	--
Paid up capital	Rs. 126,369,000/-	Product Name 3	--
Shareholders	Foreign holdings- 19.99 Bodies corporate- 63.67 Directors or relatives of Directors- 9.66 Other top fifty shareholders- 6.68	Banking	State Bank of India
Public Limited Corp.	No	Business Period	22 YEARS
IPO	No	International Ins.	--
Public Enterprise	No	Rating	A (63)
Related Company
Relation	Country	Company Name	CEO
Holding company	India	Godrej Industries Limited (GIL)	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	3,583,751,000	Current Liabilities	6,104,180,000
Inventories	2,750,012,000	Long-term Liabilities	1,396,403,000
Fixed Assets	3,128,614,000	Other Liabilities	668,194,000
Deferred Assets	0,000	Total Liabilities	8,168,777,000
Invest& other Assets	2,569,731,000	Retained Earnings	3,736,962,000
		Net Worth	3,863,331,000
Total Assets	12,032,108,000	Total Liab. & Equity	12,032,108,000
Total Assets (Previous Year)	7,825,392,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	28,525,973,000	Net Profit	1,001,589,000
Sales(Previous yr)	21,965,846,000	Net Profit(Prev.yr)	808,085,000

MIRA INFORM REPORT

Report Date :

20.02.2014

IDENTIFICATION DETAILS

Name :	GODREJ AGROVET LIMITED
Registered Office :	Pirojsha Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400 079, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	25.11.1991
Com. Reg. No.:	11-135359
Capital Investment / Paid-up Capital :	Rs.126.369 Millions
CIN No.: [Company Identification No.]	U15410MH1991PLC135359
TAN No.: [Tax Deduction & Collection Account No.]	MUMG08309A
PAN No.: [Permanent Account No.]	AAACG0617Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Marketing of Animal Feed.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (62)

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 15000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a subsidiary of “Godrej Industries Limited”. It is a well-established company having fine track record. The rating reflects strong financial risk profile supported by company’s comfortable liquidity and decent capital structure. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

The worst is over for India’s economy with gross domestic product likely to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s Analytics. Concerns over the rupee and current account deficit are under control, said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up from the estimated 4.8 % for 2013/14.  Total economic growth, infrastructure bottlenecks and lack of transparency and consistency in foreign direct investment policies seem to have taken a toll on India’s attractiveness as an investment destination, says an Ernst & Young survey.  Projects with FDI component fell 16.4 % across the globe in 2012 from the previous year.  The drop in India was steeper at 21 %. State run carrier Air India is doling out free tickets to its 24000 employees, even as it expects to incur a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn. 550000 number of jobs generated across India in 2013, a fall of 0.4 % as compared to with a year earlier. The National Capital Region has a one-fourth share in total jobs created, according to a study by industry lobby group Assochem, Banks, real estate, automobile and telecommunications sectors are showing a rise of job creation. $ 805 mn investments by venture capital firms in India during 2013, registering a drop of about 18 % over the previous year. The Information Technology and IT-Enabled Services Industry retained its status as the favourable venture capital investors in 2013. Pakistan has temporarily banned gold imports for the second time in six months, as it tries to stem smuggling into India. India’s import duty on gold is 10 % and curbs on purchases have dried up legal imports into what used to be the world’s biggest bullion buyers. The World Gold Council puts the amount smuggled into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed bank deposits estimated to be about Rs 35000 mn be used for education and awareness among depositors.  According to the plan, deposits that have not been claimed for at least 10 years will be transferred to the scheme.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	A+ (Long Term)
Rating Explanation	Adequate degree of safety and carry low credit risk.
Date	June 2013

Rating Agency Name	ICRA
Rating	A+ (Short Term)
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	June 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.

INFORMATION PARTED BY

Name :	Mr. Ramaswami Iyer
Designation :	Head of Purchase
Contact No.:	91-22-25188010
Date :	17.02.2014

LOCATIONS

Registered Office/ Head Office :	Pirojsha Nagar, Eastern Express Highway, Vikhroli (East), Mumbai – 400 079, Maharashtra, India
Tel. No.:	91-22-25188010/ 25188020/ 25188030/ 25194803
Fax No.:	91-22-25188485
E-Mail :	upendra.pathak@godrejagrovet.com gavlho@godrejagrovet.com gavigroupcompanies@godrejagrovet.com vv.chaubal@godrejagrovet.com atul.juvle@godrejagrovet.com cn.nagesggwarab@gidrejinds.com
Website :	www.godrejsoaps.com www.godrejagrovet.com
Factory/ Plant Biotech Division :	148/B, Kandalkoi, Medchal, R.R. District - 501 403, Andhra Pradesh, India
Tel. No.:	91-40-23792091
Fax No.:	91-40-23792092
Oil Palm Plantation Business :	Ch Pothepalli, Dwarka, Thirumala Mandal, West Godawari Dist. Andhra Pradesh – 534451, India
Tel. No.:	91-8823-256690/ 80
Fax No.:	91-8823-255080
Branches :	Located at: Ludhiana Bangalore Kolkata Pune Chandigarh Secundrabad

DIRECTORS

As on: 17.06.2013

Name :

Mr. Nadir Burjorji Godrej

Designation :

Chairman cum Managing Director

Address :

40-D, B. G. Kher Marg, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

26.08.1951

Qualification :

B.S. Chem. Engg. (MIT, USA), M.S. Chem. Engg. (Stanford, USA), MBA

Date of Appointment :

25.11.1991

DIN No.:

00066195

Voter ID No.:

MT/04/024/099721

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	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	21/01/1986	21/01/1986	26/02/2007	Active	NO
2	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Whole-time director	01/04/2011	07/03/1988	-	Active	NO
3	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
4	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	27/09/1990	27/09/1990	-	Active	NO
5	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	25/11/1991	25/11/1991	-	Active	NO
6	L65990MH1945PLC004558	MAHINDRA AND MAHINDRA LIMITED	Director	28/08/1992	28/08/1992	-	Active	NO
7	U72900MH1992PLC065539	Isprava Technologies Limited	Director	07/09/1992	07/09/1992	-	Active	NO
8	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	08/08/1994	08/08/1994	-	Amalgamated	NO
9	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	29/11/2000	29/11/2000	-	Active	NO
10	U15100MH1974PLC017887	GOLDMOHUR FOODS AND FEEDS LIMITED	Director	15/01/2001	15/01/2001	24/06/2008	Amalgamated	NO
11	U24240MH1997PTC105714	Hershey India Private Limited	Director	01/07/2002	01/07/2002	15/05/2007	Active	NO
12	U74999MH2003PLC139413	TRICOM INFOTECH SOLUTIONS LIMITED	Director	28/02/2003	28/02/2003	30/06/2008	Active	NO
13	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Director	17/12/2003	17/12/2003	27/12/2007	Active	NO
14	U73100KA1998PLC030671	AVESTHAGEN LIMITED	Director	20/09/2004	20/09/2004	14/11/2008	Active	NO
15	U72900MH1999PTC120346	MModal Global Services Private Limited	Director	02/01/2006	02/01/2006	11/09/2007	Active	NO
16	U15432MH1952PTC169547	NUTRINE CONFECTIONERY COMPANY Private Limited	Director	28/08/2006	28/08/2006	15/05/2007	Active	NO
17	U45201MH2006PLC164656	GODREJ GOLD COIN AQUAFEED LIMITED	Director	29/05/2007	16/11/2006	-	Amalgamated	NO
18	U74999MH2002NPL137058	POULTRY PROCESSORS' ASSOCIATION OF INDIA	Director	06/12/2006	06/12/2006	-	Active	NO
19	L64200MH1995PLC086354	TATA TELESERVICES (MAHARASHTRA) LIMITED	Director	12/08/2008	12/03/2008	-	Active	NO
20	U15122MH2006PLC163857	GODREJ OIL PALM LIMITED	Director	16/06/2008	08/05/2008	-	Amalgamated	NO
21	U15142MH1996PLC224176	CAUVERY PALM OIL LIMITED	Director	07/07/2008	08/05/2008	-	Amalgamated	NO
22	U15122MH2008PLC177741	GODREJ TYSON FOODS LIMITED	Director	06/07/2009	24/06/2008	-	Active	NO
23	L74999MH1902PLC000183	THE INDIAN HOTELS COMPANY LIMITED	Director	03/08/2009	07/11/2008	-	Active	NO
24	AAA-1483	NBG ENTERPRISE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO
25	AAA-1484	ABG VENTURE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO

Name :

Adi Barjorji Godrej

Designation :

Director

Address :

Aashraye Godrej House, 67-H, Walkeshwar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

03.04.1942

Qualification :

B.S., M. S., Engg and Industrial Management, (MIT, USA)

Date of Appointment :

25.11.1991

DIN No.:

00065964

Voter ID No.:

MT/04/024/273279

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	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	30/04/1973	30/04/1973	-	Active	NO
2	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	31/12/1979	31/12/1979	-	Active	NO
3	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	31/12/1979	31/12/1979	-	Active	NO
4	U65990MH1975PTC018480	GODREJ INVESTMENTS PRIVATE LIMITED	Director	08/06/1984	08/06/1984	-	Active	NO
5	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	21/01/1986	21/01/1986	10/06/2008	Active	NO
6	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	07/03/1988	07/03/1988	-	Active	NO
7	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
8	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	25/11/1991	25/11/1991	-	Active	NO
9	U29294MH1993PTC072222	ISS HICARE Private Limited	Director	31/05/1993	31/05/1993	18/06/2009	Active	NO
10	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	08/08/1994	08/08/1994	-	Amalgamated	NO
11	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	02/04/2011	13/11/1997	-	Active	NO
12	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Whole-time director	01/04/2013	29/11/2000	-	Active	NO
13	U24240MH1997PTC105714	Hershey India Private Limited	Director	01/07/2002	01/07/2002	27/09/2012	Active	NO
14	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Director	17/12/2003	17/12/2003	27/12/2007	Active	NO
15	U15432MH1952PTC169547	NUTRINE CONFECTIONERY COMPANY Private Limited	Director	19/06/2007	30/06/2006	27/09/2012	Active	NO
16	U51909MH2007PLC168675	GODREJ HYGIENE PRODUCTS LIMITED	Director	13/03/2007	13/03/2007	-	Amalgamated	NO
17	U18101MH1977PTC181783	SARALEE HOUSEHOLD & BODYCARE INDIA PRIVATE LIMITED	Director	02/07/2007	02/07/2007	-	Amalgamated	NO
18	AAA-1483	NBG ENTERPRISE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO
19	AAA-1484	ABG VENTURE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO

Name :

Mr. Jamshyd Naoroji Godrej

Designation :

Director

Address :

40-D, B.G. Kher Marg, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

24.01.1949

Qualification :

B.S., M. S., (Illinois Institute of Technology, USA)

Date of Appointment :

24.08.1992

DIN No.:

00076250

Voter ID No.:

MT/04/024/099982

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	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Managing director	01/04/2011	07/10/1974	-	Active	NO
2	U74999MH1960PLC011759	LAWKIM LIMITED	Director	21/02/1977	21/02/1977	-	Amalgamated	NO
3	U65990MH1975PTC018480	GODREJ INVESTMENTS PRIVATE LIMITED	Director	12/06/1984	12/06/1984	-	Active	NO
4	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	07/03/1988	07/03/1988	-	Active	NO
5	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	25/04/1990	25/04/1990	-	Active	NO
6	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	28/11/1991	28/11/1991	10/06/2008	Active	NO
7	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
8	U85110KA1992GOI013570	ANTRIX CORPORATION LIMITED	Director	27/11/1992	27/11/1992	11/05/2013	Active	NO
9	L72200MH1994PLC077342	GEOMETRIC LIMITED	Director	25/03/1994	25/03/1994	-	Active	NO
10	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	08/08/1994	08/08/1994	-	Amalgamated	NO
11	U65991MH1995PLC087722	TATA TRUSTEE COMPANY LIMITED	Director	21/05/1996	21/05/1996	26/04/2012	Active	NO
12	L35911PN1945PLC004656	Bajaj Holdings & Investment Limited.	Director	27/10/1998	27/10/1998	20/02/2008	Active	NO
13	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	01/03/2001	01/03/2001	-	Active	NO
14	U72900MH2001PLC134244	3D PLM SOFTWARE SOLUTIONS LIMITED	Director	23/01/2002	23/01/2002	17/04/2007	Active	NO
15	U24240MH1997PTC105714	Hershey India Private Limited	Director	12/07/2002	12/07/2002	15/05/2007	Active	NO
16	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Director	18/12/2003	18/12/2003	27/12/2007	Active	NO
17	U23209WB1985SGC039487	HALDIA PETROCHEMICALS LTD	Director	31/07/2012	02/11/2004	-	Active	NO
18	U85100MH1946GAP005082	BREACH CANDY HOSPITAL TRUST	Director	13/12/2004	13/12/2004	-	Active	NO
19	U80301TN2004NPL052529	GREAT LAKES INSTITUTE OF MANAGEMENT	Director	01/04/2005	01/04/2005	03/05/2011	Active	NO
20	U80302KA1998PTC037801	ILLINOIS INSTITITUTE OF TECHNOLOGY (INDIA) PRIVATE LIMITED	Director	29/11/2005	29/11/2005	-	Active	NO
21	U67120MH2005PLC155188	BSE Limited	Director	14/09/2007	26/09/2006	16/06/2008	Active	NO
22	U80904DL2007NPL161078	SINGAPORE - INDIA PARTNERSHIP FOUNDATION(INDIA)	Director	23/03/2007	23/03/2007	-	Active	NO
23	L65993PN2007PLC130076	BAJAJ AUTO LIMITED.	Director	10/07/2008	30/01/2008	-	Active	NO
24	U74990MH2008NPL189117	INDIAN INSTITUTE FOR HUMAN SETTLEMENTS	Director	23/12/2008	23/12/2008	-	Active	NO
25	U93030DL2009NPL194891	Shakti Sustainable Energy Foundation	Director	05/10/2009	05/10/2009	-	Active	NO
26	U80211DL2008NPL185825	WWF India Foundation	Director	13/08/2010	13/08/2010	-	Active	NO
27	U73100MH2011NPL220003	RAPTOR RESEARCH AND CONSERVATION FOUNDATION	Director	21/07/2011	21/07/2011	-	Active	NO
28	U29290MH1973GAP016420	INDIAN MACHINE TOOL MANUFACTURERS ASSOCIATION	Director	29/08/2012	29/08/2012	-	Active	NO
29	U74900KA2012NPL067059	IMTMA Machine Tool Industry Park	Director	06/12/2012	06/12/2012	-	Active	NO
30	AAA-1480	RKN ENTERPRISE LLP	Designated Partner	01/06/2010	01/06/2010	-	Active	NO
31	AAA-1481	JNG ENTERPRISE LLP	Designated Partner	01/06/2010	01/06/2010	-	Active	NO
32	AAA-1485	GODREJ & BOYCE ENTERPRISE LLP	Body corporate as Designated Partner	02/06/2010	02/06/2010	-	Active	NO

Name :

Mr. Vijay Mohan Crishna

Designation :

Director

Address :

A – 261 Grand Paradi Apartments, Dadyseth Hill, Off Augustkranti Marg, Mumbai – 400 026, Maharashtra, India

Date of Birth/Age :

08.03.1945

Qualification :

B.A. Economics (St. Stephens College University of Delhi)

Date of Appointment :

24.08.1992

DIN No.:

00066267

Voter ID No.:

MT/04/024/009615

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	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Whole-time director	01/04/2011	27/09/1990	-	Active	NO
2	U29299MH1992PTC064675	STATOMAT SPECIAL MACHINES (INDIA) PRIVATE LIMITED	Director	01/01/1992	01/01/1992	30/04/2009	Active	NO
3	U91110MH1992NPL068102	NAOROJI GODREJ CENTRE FOR PLANT RESEARCH	Director	10/08/1992	10/08/1992	-	Active	NO
4	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
5	L31300MH1989PLC054356	PRECISION WIRES INDIA LIMITED	Director	25/09/1992	25/09/1992	-	Active	NO
6	U29294MH1993PTC072222	ISS HICARE Private Limited	Director	31/05/1993	31/05/1993	18/06/2009	Active	NO
7	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	03/01/1995	03/01/1995	-	Active	NO
8	U74999MH1960PLC011759	LAWKIM LIMITED	Managing director	16/08/1997	16/08/1997	-	Amalgamated	NO
9	U74140MH2002PTC136070	Eureka Outsourcing Solutions Private Limited	Managing director	30/05/2002	30/05/2002	28/07/2008	Active	NO
10	AAA-1482	SVC ENTERPRISE LLP	Designated Partner	02/06/2010	02/06/2010	-	Active	NO

Name :

Mr. Kavas Noshirwan Petigara

Designation :

Director

Address :

801 Citadel, 18-B, Ruparel Marg, Malabar Hill, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

10.07.1948

Qualification :

S.B., S.M, Chem. Engg, (MIT USA)

Date of Appointment :

24.08.1992

DIN No.:

00066162

Voter ID No.:

MT/04/024/108029

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	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	29/09/1988	29/09/1988	-	Active	NO
2	U28993MH1932PLC001828	GODREJ AND BOYCE MANUFACTURING COMPANY LIMITED	Director	29/09/1988	29/09/1988	-	Active	NO
3	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	29/12/1988	29/12/1988	-	Active	NO
4	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	24/08/1992	24/08/1992	-	Active	NO
5	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	30/01/2002	30/01/2002	-	Active	NO
6	U74999MH2003PLC139413	TRICOM INFOTECH SOLUTIONS LIMITED	Director	01/09/2004	01/09/2004	30/06/2008	Active	NO

Name :

Mrs. Tanya Arvind Dubash

Designation :

Director

Address :

Hasman Bunglow, 89B, Bhulabhai Desai Road, Mumbai – 400 026, Maharashtra, India

Date of Birth/Age :

14.09.1968

Qualification :

A.B. (Economics)

Date of Appointment :

10.04.2003

DIN No.:

00026028

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	U70101MH1994PLC078393	TAHIR PROPERTIES LIMITED	Director	19/05/1994	19/05/1994	31/03/2010	Active	NO
2	U65923MH1983PTC030532	GODREJ HOLDINGS PRIVATE LIMITED	Director	18/07/1994	18/07/1994	-	Active	NO
3	U67120MH1992PLC065457	ENSEMBLE HOLDINGS AND FINANCE LIMITED	Director	15/02/1995	15/02/1995	-	Active	NO
4	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Whole-time director	01/04/2013	01/08/1996	-	Active	NO
5	U55101MH1995PLC091582	GIRIKANDRA HOLIDAY HOMES AND RESORTS LIMITED	Director	01/03/2001	01/03/2001	06/06/2008	Active	NO
6	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	10/04/2003	10/04/2003	-	Active	NO
7	U51909MH2007PLC168675	GODREJ HYGIENE PRODUCTS LIMITED	Director	13/03/2007	13/03/2007	-	Amalgamated	NO
8	U15310MH2008PLC182816	NATURES BASKET LIMITED	Director	22/09/2009	05/03/2009	-	Active	NO
9	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	28/05/2010	28/05/2010	-	Amalgamated	NO
10	U24100MH2004PTC145182	ESSENCE CONSUMER-CARE PRODUCTS PRIVATE LIMITED	Additional director	03/12/2010	03/12/2010	-	Amalgamated	NO
11	U24100MH2004PTC145183	NATURESSE CONSUMER-CARE PRODUCTS PRIVATE LIMITED	Additional director	03/12/2010	03/12/2010	-	Amalgamated	NO
12	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	23/07/2011	02/05/2011	-	Active	NO

Name :

Mr. Sudheer Laxman Anaokar

Designation :

Director

Address :

A-204 Centre Point, Panchpakhadi, Opposite Thane Municipal Corporation, Thane – 400 602, Maharashtra, India

Date of Birth/Age :

04.01.1943

Qualification :

M.V. Sc, Ph. D

Date of Appointment :

29.06.1998

DIN No.:

00236819

Voter ID No.:

MT/10/053/031225

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	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	29/06/1998	29/06/1998	-	Active	NO
2	U15100MH1974PLC017887	GOLDMOHUR FOODS AND FEEDS LIMITED	Director	15/01/2001	15/01/2001	-	Amalgamated	NO
3	U15339MH2003PLC140599	GOLDEN FEED PRODUCTS LIMITED	Director	04/10/2003	04/10/2003	-	Active	NO
4	U74140MH2005PTC155609	BAPA Consultants Private Limited	Director	25/08/2005	25/08/2005	10/12/2010	Active	NO

Name :

Mr. Amit Biren Choudhury

Designation :

Director

Address :

Golden Oak, CHS Flat 304, Wing C, Hiranadani Gardens, Powai, Mumbai - 400 076, Maharashtra, India

Date of Birth/Age :

26.12.1942

Qualification :

M.A. , M.M.S

Date of Appointment :

08.12.2004

DIN No.:

00557547

Voter ID No.:

MT/07/049/1291586

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	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	01/05/2003	01/05/2003	-	Active	NO
2	U24243MH1974PLC017488	SWADESHI DETERGENTS LIMITED	Director	12/08/2004	12/08/2004	-	Active	NO
3	U24241MH1979PLC021804	VORA SOAPS LIMITED	Director	12/08/2004	12/08/2004	-	Active	NO
4	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	08/12/2004	08/12/2004	-	Active	NO
5	L15142MP1984PLC002382	WADALA COMMODITIES LIMITED	Director	07/07/2006	24/10/2005	-	Active	NO
6	L24241MH1988PLC097781	GODREJ INDUSTRIES LIMITED	Director	27/07/2010	04/08/2009	-	Active	NO
7	U70100MH2005PTC154255	GODREJ WATERSIDE PROPERTIES PRIVATE LIMITED	Director	15/07/2010	01/02/2010	-	Amalgamated	NO

Name :

Ms. Nisaba Adi Godrej

Designation :

Director

Address :

Aashraye Godrej House, 67 H Walkeshwar Road, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

12.02.1978

Qualification :

MBA (Harvard Business School), BSSc Economics (Wharton)

Date of Appointment :

25.06.2007

DIN No.:

00591503

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	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	25/06/2007	24/07/2006	-	Active	NO
2	U52110MH2006PLC160440	AADHAAR WHOLESALE TRADING AND DISTRIBUTION LIMITED	Additional director	01/09/2007	01/09/2007	27/03/2008	Active	NO
3	U15122MH2008PLC177741	GODREJ TYSON FOODS LIMITED	Director	11/01/2008	11/01/2008	24/06/2008	Active	NO
4	U91120MH2005NPL155042	HEROES AIDS PROJECT	Director	30/09/2009	01/12/2008	-	Active	NO
5	U24211MH1987PLC043137	GODREJ HOUSEHOLD PRODUCTS LIMITED	Director	28/05/2010	28/05/2010	-	Amalgamated	NO
6	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Whole-time director	01/07/2013	02/05/2011	-	Active	NO
7	U93020MH2004PTC148187	BHABANI BLUNT HAIR DRESSING PRIVATE LIMITED	Nominee director	08/10/2013	08/10/2013	-	Active	NO

Name :

Mr. Balram Singh Yadav

Designation :

Managing Director

Address :

Bunglow No. G9/ 1, Godrej Hillside Colony, LBS Marg, Vikhroli (West), Mumbai – 400 079, Maharashtra, India

Date of Birth/Age :

15.07.1964

Qualification :

B.Sc. (Hons.) Agri. Sci., PGDM(A) (IIM - A)

Date of Appointment :

01.09.2012

DIN No.:

00294803

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	U74999MH2002NPL137058	POULTRY PROCESSORS' ASSOCIATION OF INDIA	Director	03/09/2002	03/09/2002	-	Active	NO
2	U15142MH2006PLC165582	GODREJ GOKARNA OIL PALM LIMITED	Director	30/09/2008	31/08/2007	-	Amalgamated	NO
3	U15122MH2006PLC163857	GODREJ OIL PALM LIMITED	Director	16/06/2008	31/08/2007	-	Amalgamated	NO
4	U52110MH2006PLC160440	AADHAAR WHOLESALE TRADING AND DISTRIBUTION LIMITED	Director	02/09/2008	01/09/2007	-	Active	NO
5	U15100MH1974PLC017887	GOLDMOHUR FOODS AND FEEDS LIMITED	Director	16/06/2008	01/09/2007	-	Amalgamated	NO
6	U15339MH2003PLC140599	GOLDEN FEED PRODUCTS LIMITED	Director	16/06/2008	01/09/2007	-	Active	NO
7	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Managing director	01/09/2012	01/09/2007	-	Active	NO
8	U24231PN2002PTC016825	POLCHEM HYGIENE LABORATORIES PRIVATE LIMITED	Director	01/07/2008	20/09/2007	-	Active	NO
9	U15209AP1999PLC031718	CREAMLINE NUTRIENTS LIMITED	Additional director	23/09/2007	23/09/2007	-	Amalgamated	NO
10	U15201AP1986PLC006912	CREAMLINE DAIRY PRODUCTS LTD.	Director	29/12/2007	23/09/2007	-	Active	NO
11	U45201MH2006PLC164656	GODREJ GOLD COIN AQUAFEED LIMITED	Director	18/06/2008	25/09/2007	-	Amalgamated	NO
12	U15122MH2008PLC177741	GODREJ TYSON FOODS LIMITED	Managing director	13/11/2012	11/01/2008	-	Active	NO
13	U15142MH1996PLC224176	CAUVERY PALM OIL LIMITED	Director	07/07/2008	01/03/2008	-	Amalgamated	NO
14	U15310MH2008PLC182816	NATURES BASKET LIMITED	Director	29/05/2008	29/05/2008	25/08/2009	Active	NO
15	U24297MH2008PLC186951	GODREJ HYGIENE CARE LIMITED	Additional director	27/03/2009	27/03/2009	-	Amalgamated	NO
16	U67120MH1992PLC065457	ENSEMBLE HOLDINGS AND FINANCE LIMITED	Director	22/06/2010	01/05/2010	-	Active	NO
17	U01403MH2011PLC215738	SEALAC AGRO VENTURES LIMITED	Director	05/04/2011	05/04/2011	-	Active	NO
18	U01403MH2011PLC218351	GODREJ SEEDS & GENETICS LIMITED	Director	06/06/2011	06/06/2011	-	Active	NO

Name :

Mr. Rohit Sipahimalani

Designation :

Director

Address :

House 22, Second Avenue, Singapore 266673

Date of Birth/Age :

03.10.1966

Date of Appointment :

17.06.2013

DIN No.:

00904065

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	U65192MH1995PTC092522	JM Financial Institutional Securities Private Limited	Alternate director	06/06/2007	13/09/2006	28/08/2007	Active	NO
2	U92120MH2001PLC130365	TATA SKY LIMITED	Director	13/07/2012	11/10/2011	-	Active	NO
3	U67190MH2000PTC154942	TEMASEK HOLDINGS ADVISORS INDIA PRIVATE LIMITED	Director	14/12/2012	11/10/2011	01/04/2013	Active	NO
4	L64201DL2006PLC156038	Bharti Infratel Limited	Nominee director	03/08/2012	12/12/2011	03/09/2012	Active	NO
5	U15410MH1991PLC135359	GODREJ AGROVET LIMITED	Director	17/06/2013	30/01/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Atul Gopalkrishna Juvle
Designation :	Secretary
Address :	B14, Amita CHS Limited, Gujarat Society Road, Vile Parle (East), Mumbai-400057, Maharashtra, India
Date of Birth/Age :	24.09.1963
Date of Appointment :	09.11.2011
PAN No.:	AAJPJ5117A

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 17.06.2013

Names of Shareholders	No. of Shares
Adi Barjorji Godrej	364
Nadir Barjorji Godrej	296154
Godrej Industries Limited, India	8419921
Rishad K. Naoroji	296154
Pirojsha Adi Godrej	98718
Navroze J. Godrej	148077
Raika J. Godrej	148077
Nyrika Vijay Crishna	148077
Freyan Vijay Crishna	148077
Godrej Industries Limited, India jointly with Subramanian Varadaraj	1
Godrej Industries Limited, India jointly with Prafulla Janardan Bhat	1
Godrej Industries Limited, India jointly with Balram Singh Yadav, India	1
Godrej Industries Limited, India jointly with Pitambar Narayan Narkhede, India	1
Tanya Arvind Dubash	98718
Godrej Nisaba	98718
Godrej Industries Limited, India jointly with Govindan Ramakrishna Rishinaradamangalam	1
Godrej Agrovet Limited, Employee Stock Option Trust, India	586764
V – Sciences Investments PTE Limited	2643407
Balram Singh Yadav	92403
Total	13223634

Equity Share Break up (Percentage of Total Equity)

As on: 17.06.2013

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	19.99
Bodies corporate	63.67
Directors or relatives of Directors	9.66
Other top fifty shareholders	6.68
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Marketing of Animal Feed.
Exports :
Products :	Oil Palm Animal Feed Godrej Tyson Foods
Countries :	Uganda Africa Countries Bangladesh
Imports :
Products :	Raw Materials
Countries :	China

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	State Bank of India, Corporate Accounts Group-Central, 3^rd Floor, State Bank Bhavan, Madame Cama Road, Mumbai – 400 001, Maharashtra, India Axis Bank Limited Esquire Centre, No.9, M.G. Road, Bangalore – 560 001, Karnataka, India

Banking Relations :	--
Financial Institution :	3i Infotech Trusteeship Services Limited, 3^rd to 6^th Floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai – 400 703, Maharashtra, India
Auditors :
Name :	Kalyaniwalla and Mistry Chartered Accountants
Address :	Kalpataru Heritage, 127, Mahatma Gandhi Road, Mumbai – 400 001, Maharashtra, India
PAN No.:	AAAFK7554R
Holding company :	Godrej Industries Limited
Ultimate Holding company :	Godrej and Boyce Manufacturing Company Limited
Subsidiary company :	Golden Feed Products Limited Goldmohur Agrochem and Feeds Limited Godrej Infotech Limited Godrej Consumer Products Limited Natures Basket Limited Godrej Properties Limited Hershey India Private Limited Godrej Seeds and Genetics Limited
Joint venture :	ACI Godrej Agrovet Private Limited Godrej Tyson Foods Limited
Associate :	Creamline Dairy Products Limited Polchem Hygiene Laboratories Private Limited Al Rahaba Trading International LLC
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives	Bahar Agrochem and Feeds Limited
Fellow Subsidiary company:	Godrej International Limited

CAPITAL STRUCTURE

As on: 17.06.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
65150000	Equity Shares	Rs.10/- each	Rs.651.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13223634	Equity Shares	Rs.10/- each	Rs.132.236 Millions

As on: 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50150000	Equity Shares	Rs.10/- each	Rs.501.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13223634	Equity Shares	Rs.10/- each	Rs.132.236 Millions
	Less : Amount recoverable from the Company s ESOP Trust		Rs.5.867 Millions
			Rs.126.369 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	126.369	121.188
(b) Reserves & Surplus	3736.962	2018.199
(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)	3863.331	2139.387
(3) Non-Current Liabilities
(a) long-term borrowings	1046.403	46.674
(b) Deferred tax liabilities (Net)	355.692	206.321
(c) Other long term liabilities	0.000	6.003
(d) long-term provisions	15.711	18.367
Total Non-current Liabilities (3)	1417.806	277.365
(4) Current Liabilities
(a) Short term borrowings	350.000	1402.153
(b) Trade payables	5093.424	4352.883
(c) Other current liabilities	1010.756	1016.981
(d) Short-term provisions	296.791	5.575
Total Current Liabilities (4)	6750.971	6777.592
TOTAL	12032.108	9194.344
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2811.048	1573.767
(ii) Intangible Assets	317.566	349.915
(iii) Capital work-in-progress	1245.831	1094.489
(iv) Intangible assets under development	0.000	7.362
(b) Non-current Investments	1323.900	1275.265
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	517.995	434.957
(e) Other Non-current assets	16.298	21.089
Total Non-Current Assets	6232.638	4756.844
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	2750.012	1936.266
(c) Trade receivables	1741.854	1207.474
(d) Cash and cash equivalents	213.712	181.568
(e) Short-term loans and advances	1054.089	991.782
(f) Other current assets	39.803	120.410
Total Current Assets	5799.470	4437.500
TOTAL	12032.108	9194.344

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		121.188
2] Share Application Money		0.000
3] Reserves & Surplus		2462.041
4] (Accumulated Losses)		0.000
NETWORTH		2583.229
LOAN FUNDS
1] Secured Loans		251.053
2] Unsecured Loans		1358.497
TOTAL BORROWING		1609.550
DEFERRED TAX LIABILITIES		62.082
TOTAL		4254.861
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		993.579
Capital work-in-progress		157.430
INVESTMENT		2152.335
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1456.280
	Sundry Debtors	1188.322
	Cash & Bank Balances	297.816
	Other Current Assets	0.053
	Loans & Advances	1579.577
Total Current Assets		4522.048
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1183.368
	Other Current Liabilities	2181.273
	Provisions	205.890
Total Current Liabilities		3570.531
Net Current Assets		951.517
MISCELLANEOUS EXPENSES		0.000
TOTAL		4254.861

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from Operations	28525.973	21965.846	15983.569
		Other Income	128.924	220.235	177.693
		TOTAL (A)	28654.897	22186.081	16161.262
Less	EXPENSES
		Cost of materials consumed	21658.899	16684.580	--
		Purchases of stock-in-trade	1189.657	666.727	--
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(162.075)	(178.173)	--
		Employee benefit expense	1019.900	967.748	--
		Other expenses	3120.918	2652.586	--
		Consumption Materials Changes inventories	--	--	12831.327
		Manufacturing other operating Expenses	--	--	2815.280
		TOTAL (B)	26827.299	20793.468	15646.607
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1827.598	1392.613	514.655
Less	FINANCIAL EXPENSES (D)		231.171	198.289	128.283
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1596.427	1194.324	386.372
Less/ Add	DEPRECIATION/ AMORTISATION (F)		187.139	134.359	83.790
	PROFIT BEFORE TAX (E-F) (G)		1409.288	1059.965	302.582
Less	TAX (H)		407.699	251.880	4.578
	PROFIT AFTER TAX (G-H) (I)		1001.589	808.085	298.004
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	1419.144	1320.514
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	NA	29.795
		Dividend	NA	NA	145.425
		Tax on Dividend	NA	NA	24.153
	BALANCE CARRIED TO THE B/S		NA	NA	1419.144
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	73.377	NA	11.600
	TOTAL EARNINGS		73.377	NA	11.600
	IMPORTS
		Raw Materials	NA	NA	NA
		Stores & Spares	NA	NA	NA
	TOTAL IMPORTS		NA	NA	NA
	Earnings Per Share (Rs.)		81.71	66.68	24.59

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	3.50	3.64	1.85
Net Profit Margin (PBT/Sales)	(%)	4.94	4.83	1.89
Return on Total Assets (PBT/Total Assets}	(%)	14.89	15.55	5.48
Return on Investment (ROI) (PBT/Networth)		0.36	0.50	0.12
Debt Equity Ratio (Total Debt /Networth)		0.36	0.68	0.62
Current Ratio (Current Asset/Current Liability)		0.86	0.65	1.27

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	121.188	126.369
Reserves & Surplus	2,018.199	3,736.962
Net worth	2,139.387	3,863.331
long-term borrowings	46.674	1,046.403
Short term borrowings	1,402.153	350.000
Total borrowings	1,448.827	1,396.403
Debt/Equity ratio	0.677	0.361

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	15,983.569	21,965.846	28,525.973
		37.428	29.865

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	15,983.569	21,965.846	28,525.973
Profit	298.004	808.085	1,001.589
	1.86%	3.68%	3.51%

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	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	Yes
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	Yes
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS:

Bench:- Bombay
Stamp No:-	ITXAL/252/2013	Failing Date:-	14.02.2013	Reg. No.:-	ITXA/524/2013	Reg. Date:-	13.03.2013
		Main Matter
Petitioner:-	COMMISSIONER OF INCOME TAX 10, -		Respondent:-	M/S GODREJ AGROVET LIMITED -
Petn. Adv.:-	ARVIND PINTO		Resp. Adv.:-	0
District:-	MUMBAI
Bench:-	DIVISION		Category:-	TAX APPEALS
Status:-	Pre-Admission		Stage:-
Last Date:-	26.02.2014
Last Coram:-	ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST
Act:-	Income Tax Act, 1961		Under Section:-	260A

UNSECURED LOAN

(Rs. In Millions)

Particulars	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWINGS
Term loans from banks	1000.000	0.000
Deferred payment liabilities	46.403	46.674
SHORT TERM BORROWINGS
Working capital loans from banks	0.000	2.153
Rupee term loans from banks	350.000	1400.000
Total	1396.403	1448.827

GENERAL INFORMATION

Subject is a public limited company, which is domiciled and incorporated in the Republic of India. The Company an erstwhile division of Godrej Soaps limited was incorporated under the Companies Act, 1956 on November 25, 1991. The Company is a diversified agribusiness company and its principal activities include manufacturing and marketing of high quality animal feed, innovative agricultural inputs and palm oil and allied products.

REVIEW OF OPERATIONS

Revenue of the Company grew by 29% and profit before taxation grew by 33% as compared to last year. The Company’s Joint Ventures reported a poor performance on account of factors elaborated hereinafter.

JOINT VENTURE (JV) OPERATIONS

Performance of the Company’s joint ventures, Godrej Tyson Foods Limited (GTFL) and ACI Godrej Agrovet Private Limited, Bangladesh (ACI Godrej) during the year had setback. GTFL was slammed by high feed prices and abysmal live bird prices, squeezing their margins into oblivion. ACI Godrej continued to reel under the impact of bird flu in Bangladesh.

AMALGAMATION OF OIL PALM COMPANIES

As per the scheme of Amalgamation ("the Scheme") of Godrej Gokarna Oil Palm Limited (GGOPL), Godrej Oil Palm Limited (GOPL) and Cauvery Palm Oil Limited (CPOL), ("the Transferor Companies"), with Subject (the " Transferee Company"), with effect from April 1, 2011, ("the Appointed date") as sanctioned by the Hon ble High Court of Judicature at Bombay ("the Court"), vide its Order dated March 16, 2012, the following entries have been passed.

i) Amortisation on Intangible Assets of the Transferor Companies amounting to Rs 42.512 Millions in the current year and Rs. 42.512 Millions in the previous years recorded in the books of the Transferee Company are charged against the balance in the General Reserve Account of the Transferee Company. The Gross Book value of these Assets now held by the transferee Company is Rs. 425.118 Millions.

ii) The excess of book value of the net assets of the Transferor Company taken over, amounting to Rs. 605.532 Millions over the face value of the shares held by the transferee Company has been credited to the Securities Premium Account as per the Scheme.

Had the Scheme not prescribed the above treatment, the Goodwill would have been higher by 484.425 Millions, the balance in the Securities Premium Account would have been higher by Rs. 605.532 Millions, the balance in General Reserve have been higher by Rs. 85.024 Millions, the balance at the beginning of the year in Surplus Account would have been lower by Rs. 103.065 Millions and the profit for the year would have been lower by Rs.103.065 Millions.

AMALGAMATION OF GODREJ GOLD COIN AQUAFEED LIMITED (GGCAL)

As per the scheme of Amalgamation ("the Scheme") of Godrej Gold Coin Aquafeed Limited (the Transferor Company), with Subject with effect from April 1,2010, ("the Appointed date") as sanctioned by the Hon ble High Court of Judicature at Bombay ("the Court"), vide its Order dated January 5, 2011, the following entries have been passed

i. The Intangible assets held by GGCAL amounting to Rs. 166.914 Millions were adjusted against the balance in the Securities Premium Account of the Company.

ii. The excess of book value of the net assets of the Transferor Company taken over, amounting to Rs. 250.571 Millions over the face value of the shares held by the transferee Company was credited to the Securities Premium Account as per the Scheme.

Had the Scheme not prescribed the treatment of adjusting Intangibles against the balance in the Securities Premium Account, The balance in Security Premium Account would have been higher by Rs. 417.485 Millions, the Intangible Assets would have been higher by Rs. 91.330 Millions, Goodwill would have been higher by Rs.175.400 Millions, the balance at the beginning of the year in Surplus Account would have been lower by Rs.100.603 Millions and the profit for the year would have been lower by 50.252 Millions.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80026160	28/06/2010 *	800,000,000.00	CENTRAL BANK OF INDIA	CORPORATE FINANCE BRANCH,1ST FLOOR, MMO BUILDING,  M.G.ROAD,FORT, MUMBAI, Maharashtra -400023, INDIA	A89949606

* Date of charge modification

FIXED ASSETS

• Freehold Land
• Leasehold Land
• Building
• Staff Quarter
• Plant and Machinery
• Furniture and Fixture
• Leasehold Improvement
• Office and other Equipments
• Vehicles
• Research Center

AS PER WEBSITE DETAILS:

PRESS RELEASES:

GODREJ AGROVET LAUNCHES DRIPZYME TO MEET THE SPECIAL NUTRIENT REQUIREMENT OF HORTICULTURAL CROPS

Dripzyme - a seaweed extract based product, specially formulated for use through drip irrigation

Mumbai, September 15, 2011: Godrej Agrovet Limited (GAVL), a subsidiary of Godrej Industries Limited announced the launch of a high performance Seaweed extract based product- Dripzyme. This highly effective product is developed to meet the special nutrient requirements of various horticultural crops across the country. Grappling with labor and water shortage, an increasing trend of progressive framers shifting to drip irrigation system is seen. This has led to the need for a specially formulated product for drip irrigated crops. Aptly named 'Dripzyme', is most effective through the technique of drip irrigation.

Dripzyme helps in growth of additional branches, flower and fruit buds resulting in higher yields. It helps in creating an extended root system giving plants greater access to nutrients and water in the soil thereby enhancing the nutritional value of the yield. It not only improves quality of produce but also aids in saving labor, time and aids in better absorption of nutrients from soil

Balram Singh Yadav, Managing Director, Godrej Agrovet said, "Adoption of drip irrigation in grapes is almost 100% and highest in Maharashtra among all the states. Dripzyme provides an opportunity to the grape growers to improve yield, quality of their produce and realize higher price. Godrej Agrovet is focused on developing innovative products & initiatives to help farmers achieve greater productivity. Dripzyme, our latest offering bears the same philosophy and since adoption of drip irrigation is growing in many states across the country, it would definitely add value to a large number of farmers."

Drip variant is gaining acceptance among vegetable and grape growers. In grapes, it increases the formation of fruit buds, improves fertility of existing buds and increases the bunch size. It also improves translocation of sugars in the berries which in turn increases TSS content. In vegetables, it creates an extended root system giving plants greater access to nutrients and water in the soil, increases additional branches, flower and fruit buds resulting in higher yields. Dripzyme would be available in Maharashtra, Karnataka, Andhra Pradesh and Tamil Nadu in 500 ml,1 litre and 5 litre packs.

About Godrej Agrovet Limited

Godrej Agrovet Limited (GAVL), a subsidiary of Godrej Industries, is a diversified agribusiness company dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. With FY2010-11 sales of Rs 1897 crore, GAVL has interests in animal feed, oil palm, agri inputs, hybrid seeds, and poultry.

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.62.12
UK Pound	1	Rs.103.93
Euro	1	Rs.85.17

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	DPH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		62

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.