.

MIRA INFORM REPORT

Report Date :

29.01.2014

IDENTIFICATION DETAILS

Name :	BEST FOODS LIMITED (w.e.f. 14.03.2011)
Formerly Known As :	BEST FOODS PRIVATE LIMITED (w.e.f. 25.02.2011) BEST FOODS INTERNATIONAL PRIVATE LIMITED
Registered Office :	2867/2, Chandigarh Housing Board Flats, Sector – 49, Chandigarh – 160047, Chandigarh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	25.03.2003
Com. Reg. No.:	53-025876
Capital Investment / Paid-up Capital :	Rs.1699.000 Millions
CIN No.: [Company Identification No.]	U55109CH2003PLC025876
Legal Form :	A closely held public limited liability company.
Line of Business :	Manufacturer and Trader of cereals and Food Grains, Household Product and Rice.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 19800000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. The management has seen a significant increase in its sales revenue as well as net profitability during 2013. The rating also take into consideration the average financial profile marked by decent networth and high working capital intensive operations during the year under review. Trade relations are fair. Business is active. Payments terms are reported as usually correct. In view of established market position, the company can be considered for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – September 30, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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

India’s current account deficit narrowed in the quarter ended September as government measures to curb imports, especially gold, kicked in.  The current account deficit, the excess of a country’s imports of goods and services over exports, narrowed to $ 5.2 billion from $ 21 billion in the year ago period, according to provisional Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and the latest data suggests the government may achieve the target.

India was ranked 94^th among the world’s most corrupt nations list. Denmark and New Zealand topped as the cleanest while Somalia emerged as the most corrupt.

India’s services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, according the HSBC survey.

$53 million estimated losses suffered by India due to phishing attacks during the third quarter, according to a study by RSA. India ranks fourth in the list of nations hit by phishing attacks. The US remained at the top of the charts. Phishing is the process of acquiring information such as user names, passwords and credit card details by sending e-mails disguised as official mails.

Rs.4080 million worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million in September, 2012, according to Deloitte report. The number of transactions has shot up from 94000 to 701000.

India aims to earn Rs.400000 million from the bandwidth auction set for January. The merger and acquisition guidelines, cleared by a group of ministers, will be out before the auction begins so that players can make informed decisions on the auctions.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term rating = BBB
Rating Explanation	Moderate Degree of Safety and Moderate Credit Risk
Date	22.08.2013

Rating Agency Name	CRISIL
Rating	Short Term rating = A3+
Rating Explanation	Moderate Degree of Safety and Higher Credit Risk
Date	22.08.2013

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	2867/2, Chandigarh Housing Board Flats, Sector – 49, Chandigarh – 160047, Chandigarh, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	mohan.singh@bestfoodgroup.com
Website :	www.bestfoodgroup.com www.bestfood.com
Corporate Office :	502, D'Mall Netaji Subhash Place, Pitampura, Delhi 110034, Delhi, India
Tel. No.:	91-11-45574481 / 45574482
Fax No.:	91-11-45574480
Works :	Post Office Box – 5, Indri, Karnal – 132041, Haryana, India
Tel. No.:	91-184-4092700
Fax No.:	91-184-4092701 / 2382201

DIRECTORS

AS ON 28.09.2013

Name :

Mr. Dinesh Gupta

Designation :

Managing Director

Address :

Ward No.2, Indri, Karnal – 132041, Haryana, India

Date of Birth/Age :

23.03.1972

Date of Appointment :

01.04.2011

DIN No.:

01746587

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	U55109CH2003PLC025876	BEST FOODS LIMITED	Managing director	01/04/2011	25/03/2003	-	Active	NO
2	U74899DL2005PTC142952	UNIFIED INFRASTRUCTURE PRIVATE LIMITED	Director	24/11/2005	24/11/2005	-	Active	NO
3	U74899DL2005PTC142999	BEST DEAL HOUSING AND CONSTRUCTIONS PRIVATE LIMITED	Director	25/11/2005	25/11/2005	-	Active	NO
4	U45201DL2006PTC145046	EXCEL INFRACON PRIVATE LIMITED	Director	18/01/2006	18/01/2006	-	Active	NO
5	U45201DL2006PTC145047	HERITAGE INFRACON PRIVATE LIMITED	Director	18/01/2006	18/01/2006	-	Active	NO
6	U15421DL2010PTC198542	BEST SUGAR PRIVATE LIMITED	Director	01/02/2010	01/02/2010	-	Active	NO
7	U67190DL2010PTC199074	BEST FOOD HOLDINGS PRIVATE LIMITED	Director	15/02/2010	15/02/2010	09/03/2010	Active	NO
8	U51909DL2010PTC199708	BEST DEAL GENERAL TRADING PRIVATE LIMITED	Director	05/03/2010	05/03/2010	-	Active	NO
9	U45400DL2010PLC205394	BEST DEAL INFRASTRUCTURE LIMITED	Director	07/07/2010	07/07/2010	-	Active	NO
10	U45200DL2011PTC216053	SATKAR INFRATECH PRIVATE LIMITED	Director	17/03/2011	17/03/2011	23/02/2012	Active	NO
11	U45400DL2011PTC216174	AMRIT INFRATECH PRIVATE LIMITED	Director	18/03/2011	18/03/2011	23/02/2012	Active	NO
12	U45200DL2011PTC216160	SADBHAVNA ESTATES PRIVATE LIMITED	Director	18/03/2011	18/03/2011	31/07/2012	Active	NO
13	U45400DL2011PTC216238	MUSKAAN INFRATECH PRIVATE LIMITED	Director	21/03/2011	21/03/2011	23/02/2012	Active	NO
14	U45200DL2011PTC216236	KUSH REALTY PRIVATE LIMITED	Director	21/03/2011	21/03/2011	23/02/2012	Active	NO
15	U45204DL2011PTC216319	SHUDH BUILDCON PRIVATE LIMITED	Director	22/03/2011	22/03/2011	23/02/2012	Active	NO
16	U45200DL2011PTC216425	SADBHAVNA REALTECH PRIVATE LIMITED	Director	23/03/2011	23/03/2011	23/02/2012	Active	NO
17	U45400DL2011PTC216471	SHUDH INFRATECH PRIVATE LIMITED	Director	24/03/2011	24/03/2011	23/02/2012	Active	NO
18	U45400DL2011PTC216470	NOOR CONSTRUCTIONS PRIVATE LIMITED	Director	24/03/2011	24/03/2011	14/03/2012	Active	NO
19	U45400DL2011PTC216751	JINDAL BUILDTECH PRIVATE LIMITED	Director	29/03/2011	29/03/2011	14/03/2012	Active	NO
20	U15400DL2011PTC216744	BEST FOODS RETAIL PRIVATE LIMITED	Director	29/03/2011	29/03/2011	15/10/2011	Active	NO
21	U45400DL2011PTC216690	INDIRA REALTECH PRIVATE LIMITED	Director	29/03/2011	29/03/2011	23/02/2012	Active	NO
22	U45204DL2011PTC216838	UTTAM INFRACON PRIVATE LIMITED	Director	31/03/2011	31/03/2011	23/02/2012	Active	NO
23	U65923DL2011PTC227771	HOMESTEAD INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Director	22/11/2011	22/11/2011	-	Active	NO

Name :

Mr. Vijay Kumar Gupta

Designation :

Director

Address :

1048/1, HIG Flats, Sector-39B, Chandigarh - 160036, Chandigarh, India

Date of Birth/Age :

21.12.1947

Date of Appointment :

30.09.2011

DIN No.:

00023101

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	U65910MH1988PLC046447	SBI DFHI LIMITED	Managing director	21/07/2006	21/07/2006	07/12/2007	Active	NO
2	U67120MH1997NPL112605	PRIMARY DEALERS' ASSOCIATION OF INDIA	Director	22/08/2006	22/08/2006	08/02/2008	Active	NO
3	U65929MH2001PLC131203	SBI GLOBAL FACTORS LIMITED	Whole-time director	01/04/2008	29/03/2008	01/04/2010	Active	NO
4	L65990MH1984PLC032422	SPANCO LIMITED	Director	24/09/2010	12/04/2010	20/10/2012	Active	NO
5	L29112DL1963PLC004084	SHRIRAM PISTONS AND RINGS LIMITED	Nominee director	08/06/2010	08/06/2010	26/10/2010	Active	NO
6	L74140MH1991PLC063709	IM+ CAPITALS LIMITED	Director	21/09/2011	13/08/2010	14/02/2013	Active	NO
7	U00000DL2000PLC104823	MICROMAX INFORMATICS LIMITED	Director	27/09/2011	21/09/2010	-	Active	NO
8	U60222DL1986PLC026342	DARCL Logistics Limited	Director	08/09/2011	29/09/2010	-	Active	NO
9	U55109CH2003PLC025876	BEST FOODS LIMITED	Director	30/09/2011	22/02/2011	-	Active	NO
10	U24100MH2011PTC219139	TOFFEN PHARMACEUTICALS PRIVATE LIMITED	Director	31/08/2011	31/08/2011	01/10/2013	Active	NO
11	L40102MH1994PLC078468	USHDEV INTERNATIONAL LIMITED	Director	30/08/2012	06/02/2012	-	Active	NO
12	U66020MH2007GOI176787	SBI PENSION FUNDS PRIVATE LIMITED	Director	15/07/2013	04/09/2012	-	Active	NO

Name :

Mr. Raj Kumar Goel

Designation :

Director

Address :

C – 9, Rang Mahal Apartments, Pitampura, Delhi – 110034, Delhi, India

Date of Birth/Age :

10.02.1951

Date of Appointment :

28.09.2012

DIN No.:

00148398

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	L40200DL1984GOI018976	GAIL (INDIA) LIMITED	Whole-time director	14/08/2006	01/11/2005	28/02/2011	Active	NO
2	U40200MH1995PLC088133	MAHANAGAR GAS LIMITED	Director	25/09/2006	04/08/2006	14/08/2008	Active	NO
3	U40105DL2005PTC138458	RATNAGIRI GAS AND POWER PRIVATE LIMITED	Nominee director	30/11/2006	30/11/2006	20/04/2010	Active	NO
4	U11101AS2007GOI008290	Brahmaputra Cracker and Polymer Limited	Director	08/01/2007	08/01/2007	07/03/2011	Active	NO
5	U11102PN2006PLC021839	MAHARASHTRA NATURAL GAS LIMITED	Nominee director	18/08/2008	18/08/2008	24/11/2010	Active	NO
6	U40200UP2005PLC029538	CENTRAL U.P. GAS LIMITED	Nominee director	28/08/2008	28/08/2008	24/03/2011	Active	NO
7	U23209GJ2006PLC060282	ONGC Petro additions Limited	Nominee director	03/09/2010	23/04/2010	28/03/2011	Active	NO
8	U55109CH2003PLC025876	BEST FOODS LIMITED	Director	28/09/2012	11/02/2012	-	Active	NO

Name :

Mr. Jgdish Chander Gupta

Designation :

Director

Address :

House No.228, Sector – 8, Urban Estae, Karnal – 132001, Haryana, India

Date of Birth/Age :

15.06.1949

Date of Appointment :

30.09.2011

DIN No.:

03089870

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	U55109CH2003PLC025876	BEST FOODS LIMITED	Director	30/09/2011	10/06/2011	-	Active	NO

Name :

Mr. Mohinder Pal Jindal

Designation :

Whole-time director

Address :

House No. 9, Ward No. 2, Near Krishna Mandir, Indri – 132041, Chandigarh, India

Date of Birth/Age :

30.11.1952

Date of Appointment :

01.04.2011

DIN No.:

01746568

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	U55109CH2003PLC025876	BEST FOODS LIMITED	Whole-time director	01/04/2011	25/03/2003	-	Active	NO
2	U74899DL2005PTC142951	UNIFIED DEVELOPERS PRIVATE LIMITED	Director	24/11/2005	24/11/2005	-	Active	NO
3	U15421DL2010PTC198542	BEST SUGAR PRIVATE LIMITED	Director	01/02/2010	01/02/2010	-	Active	NO
4	U67190DL2010PTC199074	BEST FOOD HOLDINGS PRIVATE LIMITED	Director	15/02/2010	15/02/2010	09/03/2010	Active	NO
5	U51909DL2010PTC199708	BEST DEAL GENERAL TRADING PRIVATE LIMITED	Director	05/03/2010	05/03/2010	-	Active	NO
6	U45400DL2010PLC205394	BEST DEAL INFRASTRUCTURE LIMITED	Director	07/07/2010	07/07/2010	-	Active	NO

Name :

Mr. Ajit Singh

Designation :

Whole-time director

Address :

Village Dungra, The Indri, District: Karnal, 132041, Haryana, India

Date of Birth/Age :

9.12.1966

Date of Appointment :

01.04.2011

DIN No.:

03351156

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	U55109CH2003PLC025876	BEST FOODS LIMITED	Whole-time director	01/04/2011	16/12/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Mohan Singh
Designation :	Secretory
Address :	House No. 62, Ward No. 2, Near Railway Crossing, Jagera Road, Ahmedgarh – 148021, Punjab, India
Date of Birth/Age :	29.09.1986
PAN No.:	CHNPS5766F
Date of Appointment :	11.02.2012

MAJOR SHAREHOLDERS

AS ON 28.09.2013

Names of Shareholders	No. of Shares
Mohinder Pal Jindal	38647500
Dinesh Gupta	37252500
Excel Infracon Private Limited	21375000
Unified Developers Private Limited	18750000
Unified Infrastructure Private Limited	18375000
Heritage Infracon Private Limited	3000000
Best Sugar Private Limited	32500000
Best Deal General Trading Private Limited	12500000
Total	182400000

DATE OF ALLOTTEES (30.12.2013)

Names of Shareholders	No. of Shares
Excel Infracon Private Limited	4000000
Total	4000000

AS ON 30.12.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies Corporate (not mentioned above)	58.39
Directors or relatives of directors	41.61
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of cereals and Food Grains, Household Product and Rice.

Products :

Product Description	Product Code (ITC Code)
RICE	1006
Semi-milled or wholly milled rice, whether or not polished or glazed: Basmati rice	10063020

PRODUCTION STATUS 31.03.2013

Particulars	Unit	Actual Production
Electricity	KWH	13655767
Diesel Oil	Ltr.	629455
Steam	MT.	207532
Rice	Qtls.	2192081

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers

· Canara Banksector-12,Karnal - 132001,Haryana, India

· Central Bank Of India, G.T. Road, Karnal - 132001,Haryana, India

· Corporation Bank , Mehfil Building, Opposite Old Tehsil Market, Old G.T. Road, Karnal – 132001,Haryana, India

· State Bank Of India, Specialised Commercial Branch, Ambedkar Chowk, Karnal - 132001,Haryana, India

· SBI Factors and Commercial Services Private Limitedbxxu-14627, Gandhinagar, Near Dholewal Chowk, G.T. Road, Ludhiana - 141001,Punjab, India

· State Bank Of Patiala, Railway Road, Karnal – 132001, Haryana, India

· UCO Bankuco Bank, Sector - 17-B, Chandigarh - 160017,Chandigarh, India

· Union Bank Of India, Ambedkar Chowk, Karnal - 132001,Haryana, India

· Bank Of Baroda, CFS Branch, Parliament Street, New Delhi - 110001,Delhi, India

· IDBI Bank Limited SCO 218-219,Sector-12, Karnal - 132001,Haryana, India

· Indusind Bank Limited, SCO 254, Sector 12, Part 1, Karnal - 132001,Haryana, India

Facilities :

Secured Loans	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
Long Term Borrowing
Term Loans From Banks	430.732	455.934
Loans taken for fixed assets	4.011	0.103
Short Term Borrowing
Term loans from banks	318.276	750.000
Working Capital Loans From Banks	11598.581	10747.419
Other Loans and Advances	33.562	0.000
Total	12385.162	11953.456

Banking Relations :	--
Auditors :
Name :	Lunawat and company Chartered Accountant
Address :	New Delhi, Delhi, India
PAN No.:	AAAFL1539M
Subsidiary company :	· Best Foods Retail Private Limited CIN No.: U15400DL2011PTC216744
Enterprises owned or significantly influenced by KMP and their Relatives:	· Bharat Rice Mills · Best Foods · Best Food Commodities DMCC, UAE · Best Deal Housing and Constructions Private Limited · Best Sugar Private Limited CIN No.: U15421DL2010PTC198542 · Best Deal General Trading Private Limited · Best Deal Infrastructure Limited · Best Food FZ LLC · Excel Infracon Private Limited CIN No.: U45201DL2006PTC145046 · Heritage Infracon Private Limited · Indus Best Mega Food Park Private Limited · Unified Developers Private Limited CIN No.: U74899DL2005PTC142951 · Unified Infrastructure Private Limited CIN No.: U74899DL2005PTC142952

CAPITAL STRUCTURE

AFTER 28.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
187000000	Equity Share	Rs.10/- each	Rs.1870.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
186400000	Equity Share	Rs.10/- each	Rs.1864.000 Millions

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
185000000	Equity Share	Rs.10/- each	Rs.1850.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
169900000	Equity Share	Rs.10/- each	Rs.1699.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1699.000	1449.000	1449.000
(b) Reserves & Surplus	2992.450	1993.534	1570.813
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	250.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	4941.450	3442.534	3019.813
(3) Non-Current Liabilities
(a) long-term borrowings	434.743	456.037	384.356
(b) Deferred tax liabilities (Net)	312.152	219.753	133.018
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	8.802	6.449	2.723
Total Non-current Liabilities (3)	755.697	682.239	520.097
(4) Current Liabilities
(a) Short term borrowings	11950.419	11497.419	8991.543
(b) Trade payables	991.664	796.634	150.972
(c) Other current liabilities	857.704	587.295	547.220
(d) Short-term provisions	245.329	40.862	38.575
Total Current Liabilities (4)	14045.116	12922.210	9728.310
TOTAL	19742.263	17046.983	13268.220
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2423.106	1869.809	1467.001
(ii) Intangible Assets	3.569	4.023	5.296
(iii) Capital work-in-progress	30.266	48.661	3.168
(iv) Intangible assets under development	16.540	2.085	0.000
(b) Non-current Investments	103.345	46.872	1.605
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	27.423	94.905	38.381
(e) Other Non-current assets	45.276	3.988	38.586
Total Non-Current Assets	2649.525	2070.343	1554.037
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	13101.583	11150.022	8861.005
(c) Trade receivables	3305.859	2900.952	2730.489
(d) Cash and cash equivalents	380.315	726.304	40.643
(e) Short-term loans and advances	302.460	197.051	72.667
(f) Other current assets	2.521	2.311	9.379
Total Current Assets	17092.738	14976.640	11714.183
TOTAL	19742.263	17046.983	13268.220

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	21489.418	16441.058	13643.939
		Other Income	103.929	27.690	8.878
		TOTAL	21593.347	16468.748	13652.817
Less	EXPENSES
		Cost of Material Consumed	15018.809	14501.940	11117.407
		Purchase of stock in trade	6.071	1.859	189.801
		Changes in Inventories of finished goods, work in progress and stock in trade	1866.896	(2071.801)	(765.755)
		Employee Benefit Expenses	165.165	134.382	74.729
		Other Expenses	1457.026	1207.320	1280.880
		TOTAL	18513.967	13773.700	11728.413
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		3079.380	2695.048	1924.404
Less	FINANCE COST		1899.454	1523.476	819.159
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		1179.926	1171.572	1105.245
Less/ Add	DEPRECIATION/ AMORTISATION		81.698	67.437	53.639
	PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS		1098.228	1104.135	1051.606
Less	EXCEPTIONAL ITEMS		0.000	474.283	84.325
	PROFIT BEFORE TAX		1098.228	629.852	967.281
Less	TAX		349.312	207.131	289.054
	PROFIT AFTER TAX		748.916	422.721	678.227
	EARNINGS IN FOREIGN CURRENCY
	FOB value of Export		10055.111	6947.781	7894.579
	IMPORT
	Capital goods		118.218	26.243	37.781
	Store and Spares		1.312	4.137	1.562
	TOTAL IMPORTS		119.530	30.380	39.343
	Earnings Per Share (Rs.10/-)		4.93	2.92	4.7

KEY RATIOS

PARTICULARS		31.03.2013	313.03.2012	31.03.2011
PAT / Total Income	(%)	3.45	2.56	4.96
Net Profit Margin (PBT/Sales)	(%)	5.11	3.83	7.08
Return on Total Assets (PBT/Total Assets}	(%)	5.60	3.72	7.29
Return on Investment (ROI) (PBT/Networth)		0.22	0.18	0.32
Debt Equity Ratio (Total Liability/Networth)		2.50	3.47	3.10
Current Ratio (Current Asset/Current Liability)		1.21	1.15	1.20

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	---
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	---
22]	Litigations that the firm / promoter involved in	----
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	---
26]	Buyer visit details	---
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10419250	18/03/2013	75,000,000.00	CANARA BANK	SECTOR-12, KARNAL, Haryana - 132001, INDIA	B72942170
2	10414262	13/03/2013	75,000,000.00	CORPORATION BANK	MEHFIL BUILDING, OPP. OLD TEHSIL MARKET, OLD G.T.  ROAD, KARNAL, Haryana - 132001, INDIA	B71611990
3	10408346	19/01/2013	400,000,000.00	UCO BANK	UCO BANK, Sector - 17-B, CHANDIGARH, Chandigarh -  160017, INDIA	B69628972
4	10397978	27/12/2012	500,000,000.00	UNION BANK OF INDIA	AMBEDKAR CHOWK, KARNAL, Haryana - 132001, INDIA	B66221326
5	10397968	27/12/2012	1,200,000,000.00	UNION BANK OF INDIA	AMBEDKAR CHOWK, KARNAL, Haryana - 132001, INDIA	B66220971
6	10425820	07/12/2012	100,000,000.00	STATE BANK OF INDIA	SPECIALISED COMMERCIAL BRANCH, AMBEDKAR CHOWK, KARNAL, Haryana - 132001, INDIA	B71471684
7	10280274	24/10/2011 *	500,000,000.00	Bank of Baroda	16, Corporate Financial Services Branch, Parliament Street, New Delhi, Delhi - 110001, INDIA	B23669856
8	10256499	17/02/2012 *	400,000,000.00	State Bank of India	Specialised Commercial Branch, Ambedkar Chowk, Karnal, Haryana - 132001, INDIA	B34537456
9	10101226	26/03/2008	90,000,000.00	CANARA BANK	RAILWAY ROAD, TARAORI, KARNAL, Haryana - 132116,  INDIA	A37380458
10	10096094	12/02/2008	60,000,000.00	CANARA BANK	RAILWAY ROAD, TARAORI, KARNAL, Haryana - 132001,  INDIA	A35527431

* Date of charge modification

Note :-

Registered office of the company has been shifted from 139, Sector 44A, Chandigarh, U T Chandigarh India to the present address w.e.f. 26.02.2011.

FINANCIAL PERFORMANCE

During the year the Company has achieved a turnover of Rs.21593.300 Millions as against Rs. 16468.700 Millions in previous year. There by registering an overall growth of over 31.12 % in the year. This was a result of increased volumes and better market penetration.

DOMESTIC BASMATI RICE MARKET

During the financial year 2012-13, there was increase in domestic sales to Rs.10959.000 Millions from Rs.8903.600 Millions in the immediately preceding previous year thereby registering a growth of 23.09%. The Company has also made tie ups with leading retail markets in India for sale of basmati rice.

EXPORT BASMATI RICE MARKET

During the financial year 2012-13, the export sales increased to Rs. 10530.400 Millions from Rs.7537.500 Millions there by registering a growth of 39.71% in the international markets.

SUBSIDIARY

BEST FOODS RETAIL PRIVATE LIMITED

The Wholly Owned Subsidiary of the Company is engaged in the business of marketing and promotion of company’s Brands through various kiosks and outlets opened in the NCR Region. During the year, it has recorded a substantial increase in the Sales Volume by achieving a turnover of Rs.22.400 Millions as compared to Rs.3.300 Millions in the last year registering a growth of more than 5 times. The company could achieve such targets due to its aggressive brand building exercise and concentration on product diversification continued round the year. The Company however recorded a net loss of Rs.44.200 Millions in the current year as compared to a net loss of Rs.17.600 Millions in the last year due to an increase in salaries and rental payments due to Company’s Brand Building exercise.

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 records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] 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.61.98
UK Pound	1	Rs.102.67
Euro	1	Rs.83.97

INFORMATION DETAILS

Report Prepared by :

SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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

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.