MIRA INFORM REPORT

Report Date :

06.06.2014

IDENTIFICATION DETAILS

Name :	ABINBEV INDIA PRIVATE LIMITED (w.e.f.02.12.2011)
Formerly Known As :	INBEV INDIA INTERNATIONAL PRIVATE LIMITED (w.e.f.12.07.2007) VARUNBEV INTERNATIONAL PRIVATE LIMITED
Registered Office :	F-2/7, Okhla Industrial Area, Phase I, New Delhi - 110020
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	24.02.2006
Com. Reg. No.:	55-146757
Capital Investment / Paid-up Capital :	Rs.2137.141 Millions
CIN No.: [Company Identification No.]	U51909DL2006PTC146757
TAN No.: [Tax Deduction & Collection Account No.]	DELV06538A
PAN No.: [Permanent Account No.]	AACCV2013K
Legal Form :	Private Limited Liability Company
Line of Business :	Sale and Distribution of alcoholic beverages, mainly Beer, for domestic consumption.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 450000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The management has failed to file its financial record with government department for the year 2013. As per available financial record of 2012, the rating is constrained on account of company’s moderate financial risk profile marked by continuous accumulated losses incurred over a year and below average financial performance of the company. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing with great caution.

NOTES:

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

ECGC Country Risk Classification List – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

US investment bank Goldman Sachs has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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 DENIED

Management Non-Cooperative (Tel No.: 91-124-4643100)

LOCATIONS

Registered Office :	F-2/7, Okhla Industrial Area, Phase I, New Delhi – 110020, India
Tel. No.:	91-11-51706720
Fax No.:	91-11-26813665
E-Mail :	gautam.seth@rjcorp.in amit.aggarwal2509@gmail.com anilsingh1970@indiatimes.com soniya.khandelwal@rjcorp.in
Website :	http://www.ab-inbevindia.com
Head Office :	Plot No. 31, Institutional Area, Sector-44, Gurgaon – 122002, Haryana, India
Tel. No.:	91-124-4643100/ 200/ 300
Fax No.:	91-124-4643103/ 104
E-Mail :	info@ab-inbevindia.com

DIRECTORS

As on 25.06.2013

Name :

Mr. Ravi Kant Jaipuria

Designation :

Director

Address :

7A, Aurangzeb Road, New Delhi – 110011, India

Date of Birth/Age :

28.11.1954

Date of Appointment :

24.02.2006

DIN No.:

00003668

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	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Director	16/06/1995	16/06/1995	-	Active	NO
2	U15135DL1991PLC046758	DEVYANI INTERNATIONAL LIMITED	Director	15/07/1996	15/07/1996	-	Active	NO
3	U74899DL1993PLC054195	SAAB TRAVEL AND TOURS LIMITED	Director	30/08/2009	17/04/1999	03/09/2009	Active	NO
4	U74899DL1991PLC046405	PARKVIEW CITY LIMITED	Director	17/04/1999	17/04/1999	11/11/2013	Active	NO
5	U74899DL1999PLC101230	PARKVIEW INFRASTRUCTURES LIMITED	Director	19/08/1999	19/08/1999	06/06/2008	Active	NO
6	U64120DL1999PTC101124	UNIVERSAL TOWERS PRIVATE LIMITED	Director	30/10/1999	30/10/1999	-	Amalgamated	NO
7	U55101DL1999PTC100142	YUM RESTAURANTS MARKETING PRIVATE LIMITED	Director	02/09/2000	02/09/2000	23/02/2010	Active	NO
8	U74899DL1991PTC046386	PELICAN CAPS TECHNOLOGIES PRIVATE LIMITED	Director	25/09/2000	25/09/2000	-	Amalgamated	NO
9	U74899DL1991PTC046387	KANCHANJUNGA POWER COMPANY PRIVATE LIMITED	Director	25/09/2000	25/09/2000	21/01/2013	Active	NO
10	L32202RJ1992PLC017750	SHYAM TELECOM LIMITED	Director	20/12/2002	20/12/2002	11/02/2011	Active	NO
11	U80301DL2003PTC118290	MODERN MONTESSORI INTERNATIONAL (INDIA) PRIVATE LIMITED	Additional director	10/09/2012	02/01/2003	06/11/2012	Active	NO
12	U74899DL1992PLC049022	LEMON TREE HOTELS LIMITED	Director	23/12/2003	23/12/2003	-	Active	NO
13	U74899DL1989PTC037343	PARKVIEW APARTMENTS PRIVATE LIMITED	Director	30/01/2004	30/01/2004	06/06/2008	Active	NO
14	U55101DL2004PTC130720	TANGERINE HOTELS PRIVATE LIMITED	Director	03/05/2005	03/05/2005	-	Amalgamated	NO
15	U85195DL2005PTC137768	CRYOBANKS INTERNATIONAL INDIA PRIVATE LIMITED	Director	20/06/2005	20/06/2005	-	Active	NO
16	U45201DL2005PTC138289	VARUN RESIDENTIAL PROJECTS PRIVATE LIMITED	Director	05/07/2005	05/07/2005	01/05/2009	Under Process of Striking off	NO
17	U45201DL2005PTC138953	JAIPURIA TOWERS PRIVATE LIMITED	Director	21/07/2005	21/07/2005	-	Amalgamated	NO
18	U45201DL2005PTC138954	PARKVIEW INFRACON PRIVATE LIMITED	Director	21/07/2005	21/07/2005	05/06/2007	Active	NO
19	U55101DL2002PTC118179	CITRUS HOTELS PRIVATE LIMITED	Director	17/08/2005	17/08/2005	04/02/2010	Active	NO
20	U45201DL2005PTC141416	JAIPURIA LAND AND HOUSING PRIVATE LIMITED	Director	30/09/2006	04/10/2005	-	Amalgamated	NO
21	U45201DL2005PTC153311	VISION DWELLINGS PRIVATE LIMITED	Director	30/09/2006	16/02/2006	-	Amalgamated	NO
22	U45201DL2005PTC153209	VISION NIRMAN PRIVATE LIMITED	Director	30/09/2006	16/02/2006	-	Amalgamated	NO
23	U15532DL2005PTC136903	SEEBHAL DISTILLERY PRIVATE LIMITED	Director	16/02/2006	16/02/2006	14/09/2009	Active	NO
24	U70101DL2006PTC146701	JAIPURIA INFRACON PRIVATE LIMITED	Director	22/02/2006	22/02/2006	-	Amalgamated	NO
25	U70101DL2006PTC146724	JAIPURIA INFRATECH PRIVATE LIMITED	Director	23/02/2006	23/02/2006	-	Amalgamated	NO
26	U51909DL2006PTC146757	ABInbev India Private Limited	Director	24/02/2006	24/02/2006	-	Active	NO
27	U74899DL1987PTC027024	SHABNAM PROPERTIES PRIVATE LIMITED	Director	06/03/2006	06/03/2006	-	Active	NO
28	U74899DL1991PTC045226	NORTHERN DISTRIBUTORS PRIVATE LIMITED	Director	06/03/2006	06/03/2006	15/06/2011	Active	NO
29	U74899DL1987PTC026815	BEHARILAL BENIPERSHAD PRIVATE LIMITED	Director	06/03/2006	06/03/2006	16/06/2010	Active	NO
30	U74899DL1986PTC026518	INTERIA CRAFTS PRIVATE LIMITED	Director	06/03/2006	06/03/2006	15/06/2011	Active	NO
31	U30005DL2006PTC147252	Angelica Technologies Private Limited	Director	08/03/2006	08/03/2006	01/05/2009	Active	NO
32	U15511DL2000PTC154915	SEEBHAL MIKELIN DISTILLERY PRIVATE LIMITED	Director	30/09/2006	13/03/2006	14/09/2009	Active	NO
33	U70200DL2006PTC149218	PINNACLE INFRACON PRIVATE LIMITED	Director	26/05/2006	26/05/2006	13/08/2007	Active	NO
34	U70109DL2006PTC149325	PINNACLE CONSTRUCTIONS PRIVATE LIMITED	Director	30/05/2006	30/05/2006	01/05/2009	Active	NO
35	U70109DL2006PTC149697	CAPITAL INFRACON PRIVATE LIMITED	Director	13/06/2006	13/06/2006	29/10/2010	Active	NO
36	U70109DL2006PTC149698	CAPITAL DEVELOPMENTS PRIVATE LIMITED	Director	13/06/2006	13/06/2006	01/05/2009	Active	NO
37	U55101DL2005PTC138835	SPANK HOTELS PRIVATE LIMITED	Director	29/09/2006	26/07/2006	-	Amalgamated	NO
38	U15119DL2006PTC152490	Devyani International (Mumbai) Private Limited	Director	25/08/2006	25/08/2006	01/05/2009	Under Process of Striking off	NO
39	U45200DL2006PTC153494	Power Line Varun Constructions Private Limited	Director	11/09/2006	11/09/2006	01/05/2009	Active	NO
40	U01403DL2006PTC155072	DEVYANI AGRI BUSINESS PRIVATE LIMITED	Director	30/10/2006	30/10/2006	01/05/2009	Active	NO
41	U45200DL2006PTC156363	PINNACLE TOWNSHIP PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
42	U45200DL2006PTC156349	PINNACLE PROPMART PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
43	U45200DL2006PTC156386	CAPITAL REALCON PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
44	U70101DL2006PTC156543	PINNACLE BUILTMART PRIVATE LIMITED	Director	14/12/2006	14/12/2006	01/05/2009	Active	NO
45	U45200DL2006PTC156677	PINNACLE TOWN PLANNERS PRIVATE LIMITED	Director	18/12/2006	18/12/2006	01/05/2009	Active	NO
46	U45200DL2006PTC156968	CAPITAL TOWERS PRIVATE LIMITED	Director	22/12/2006	22/12/2006	01/05/2009	Active	NO
47	U45201DL2005PTC137142	MUSKAN BUILDCON PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
48	U15134DL1965PLC129086	Varun Beverages (International) Limited	Director	19/03/2007	19/03/2007	-	Amalgamated	NO
49	U45201DL2005PTC138890	PADMAWATI BUILDWELL PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
50	U70101DL2005PTC139985	JAIPURIA REALTORS PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
51	U45201DL2004PTC128734	GULAB BUILDWELL PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
52	U15549DL1997PTC210769	NORTH EAST PURE DRINKS PRIVATE LIMITED	Director	22/08/2008	23/02/2008	-	Amalgamated	NO
53	U62200DL1980PLC010262	RJ Corp Limited	Additional director	26/08/2013	13/05/2008	-	Active	NO
54	U74899DL1991PLC046403	DEVYANI FOOD INDUSTRIES LIMITED	Director	06/09/2011	13/05/2008	-	Active	NO
55	U74999DL2009PTC192403	Aqua Stemlife International Private Limited	Director	21/07/2009	21/07/2009	-	Active	NO
56	U74140DL2010PTC197710	Reviva Cell Research and Therapies Private Limited	Director	06/01/2010	06/01/2010	-	Amalgamated	NO
57	U85100DL2011PLC217993	Lineage Healthcare Limited	Director	25/04/2011	25/04/2011	-	Active	NO
58	U25199DL2011FTC226364	ALISHA TORRENT CLOSURES (INDIA) PRIVATE LIMITED	Director	17/10/2011	17/10/2011	-	Active	NO
59	U55101DL2012PTC230028	Devyani International Costa Private Limited	Director	16/01/2012	16/01/2012	-	Under Process of Striking off	NO
60	U80903DL2012PTC232696	Devyani Education Foundation Private Limited	Director	12/03/2012	12/03/2012	-	Active	NO
61	U55101DL2013PTC250959	DEVYANI AIRPORT SERVICES (MUMBAI) PRIVATE LIMITED	Additional director	24/04/2013	24/04/2013	-	Active	NO
62	U74900DL2013PTC256548	Diagno Labs Private Limited	Director	13/08/2013	13/08/2013	-	Active	NO
63	U52100DL2013PTC259476	ALISHA RETAIL PRIVATE LIMITED	Additional director	10/03/2014	10/03/2014	-	Active	NO

Name :

Mr. Raj Pal Gandhi

Designation :

Director

Address :

P-2/ 50, DLF Phase II, Gurgaon, Haryana, India

Date of Birth/Age :

07.06.1957

Date of Appointment :

24.02.2006

DIN No.:

00003649

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	U74899DL1991PLC046405	PARKVIEW CITY LIMITED	Director	10/08/1998	10/08/1998	11/11/2013	Active	NO
2	U74899DL1999PLC101230	PARKVIEW INFRASTRUCTURES LIMITED	Director	19/08/1999	19/08/1999	06/06/2008	Active	NO
3	U80301DL2003PTC118290	MODERN MONTESSORI INTERNATIONAL (INDIA) PRIVATE LIMITED	Additional director	10/09/2012	13/01/2003	06/11/2012	Active	NO
4	U74899DL1989PTC037343	PARKVIEW APARTMENTS PRIVATE LIMITED	Director	09/04/2004	09/04/2004	06/06/2008	Active	NO
5	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Whole-time director	01/11/2013	21/10/2004	-	Active	NO
6	U74899DL1978PTC009190	DEVYANI ENTERPRISES PRIVATE LIMITED	Director	10/11/2004	10/11/2004	20/11/2009	Active	NO
7	U55101DL2004PTC130720	TANGERINE HOTELS PRIVATE LIMITED	Director	03/05/2005	03/05/2005	-	Amalgamated	NO
8	U15532DL2005PTC136903	SEEBHAL DISTILLERY PRIVATE LIMITED	Director	30/09/2006	31/05/2005	15/05/2013	Active	NO
9	U45201DL2005PTC138289	VARUN RESIDENTIAL PROJECTS PRIVATE LIMITED	Director	05/07/2005	05/07/2005	01/05/2009	Under Process of Striking off	NO
10	U55101DL2002PTC118179	CITRUS HOTELS PRIVATE LIMITED	Director	17/08/2005	17/08/2005	20/02/2008	Active	NO
11	U45201DL2005PTC138954	PARKVIEW INFRACON PRIVATE LIMITED	Director	11/01/2006	11/01/2006	05/06/2007	Active	NO
12	U45201DL2005PTC138953	JAIPURIA TOWERS PRIVATE LIMITED	Director	11/01/2006	11/01/2006	-	Amalgamated	NO
13	U70101DL2006PTC146701	JAIPURIA INFRACON PRIVATE LIMITED	Director	22/02/2006	22/02/2006	-	Amalgamated	NO
14	U70101DL2006PTC146724	JAIPURIA INFRATECH PRIVATE LIMITED	Director	23/02/2006	23/02/2006	-	Amalgamated	NO
15	U51909DL2006PTC146757	ABInbev India Private Limited	Director	24/02/2006	24/02/2006	-	Active	NO
16	U30005DL2006PTC147252	Angelica Technologies Private Limited	Director	08/03/2006	08/03/2006	01/05/2009	Active	NO
17	U70200DL2006PTC149218	PINNACLE INFRACON PRIVATE LIMITED	Director	26/05/2006	26/05/2006	01/01/2014	Active	NO
18	U70109DL2006PTC149325	PINNACLE CONSTRUCTIONS PRIVATE LIMITED	Director	30/05/2006	30/05/2006	01/05/2009	Active	NO
19	U70109DL2006PTC149698	CAPITAL DEVELOPMENTS PRIVATE LIMITED	Director	13/06/2006	13/06/2006	01/05/2009	Active	NO
20	U70109DL2006PTC149697	CAPITAL INFRACON PRIVATE LIMITED	Director	13/06/2006	13/06/2006	29/10/2010	Active	NO
21	U15119DL2006PTC152490	Devyani International (Mumbai) Private Limited	Director	25/08/2006	25/08/2006	01/05/2009	Under Process of Striking off	NO
22	U45200DL2006PTC153494	Power Line Varun Constructions Private Limited	Director	11/09/2006	11/09/2006	01/05/2009	Active	NO
23	U45200DL2006PTC156363	PINNACLE TOWNSHIP PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
24	U45200DL2006PTC156349	PINNACLE PROPMART PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
25	U45200DL2006PTC156386	CAPITAL REALCON PRIVATE LIMITED	Director	08/12/2006	08/12/2006	01/05/2009	Active	NO
26	U70101DL2006PTC156543	PINNACLE BUILTMART PRIVATE LIMITED	Director	14/12/2006	14/12/2006	01/05/2009	Active	NO
27	U45200DL2006PTC156677	PINNACLE TOWN PLANNERS PRIVATE LIMITED	Director	18/12/2006	18/12/2006	01/05/2009	Active	NO
28	U45200DL2006PTC156968	CAPITAL TOWERS PRIVATE LIMITED	Director	22/12/2006	22/12/2006	01/05/2009	Active	NO
29	U45201DL2005PTC137142	MUSKAN BUILDCON PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
30	U45201DL2005PTC138890	PADMAWATI BUILDWELL PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
31	U70101DL2005PTC139985	JAIPURIA REALTORS PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
32	U45201DL2004PTC128734	GULAB BUILDWELL PRIVATE LIMITED	Director	27/09/2007	19/03/2007	-	Amalgamated	NO
33	U15135DL1991PLC046758	DEVYANI INTERNATIONAL LIMITED	Director	02/07/2008	13/08/2007	-	Active	NO
34	U15549DL1997PTC210769	NORTH EAST PURE DRINKS PRIVATE LIMITED	Director	22/08/2008	23/02/2008	-	Amalgamated	NO
35	U62200DL1980PLC010262	RJ Corp Limited	Additional director	26/08/2013	13/05/2008	-	Active	NO
36	U74899DL1991PLC046403	DEVYANI FOOD INDUSTRIES LIMITED	Director	06/09/2011	12/06/2008	-	Active	NO
37	U55101DL1998PTC091666	UNIVERSAL DAIRY PRODUCTS PRIVATE LIMITED	Additional director	04/07/2008	04/07/2008	01/10/2008	Active	NO
38	U55101DL2009PTC193995	Devyani Food Street Private Limited	Director	07/09/2009	07/09/2009	-	Active	NO
39	U15134DL1965PLC129086	Varun Beverages (International) Limited	Director	23/09/2011	20/12/2010	-	Amalgamated	NO
40	U85100DL2011PLC217993	Lineage Healthcare Limited	Director	25/04/2011	25/04/2011	-	Active	NO
41	U85195DL2005PTC137768	CRYOBANKS INTERNATIONAL INDIA PRIVATE LIMITED	Director	30/09/2011	24/08/2011	-	Active	NO
42	U55101DL2009PTC192897	DELHI SELECT SERVICE HOSPITALITY PRIVATE LIMITED	Director	27/06/2012	01/11/2011	-	Active	NO
43	U55101DL2012PTC230028	Devyani International Costa Private Limited	Director	16/01/2012	16/01/2012	-	Under Process of Striking off	NO
44	U55101DL2012PTC245993	Devyani International (Chennai) Private Limited	Director	11/12/2012	11/12/2012	-	Strike off	NO
45	U55209DL2012PTC246286	Devyani International (Kolkata) Private Limited	Director	17/12/2012	17/12/2012	-	Strike off	NO
46	U74900DL2013PTC256548	Diagno Labs Private Limited	Director	13/08/2013	13/08/2013	-	Active	NO

Name :

Christopher White

Designation :

Director

Address :

12, Cuscaden Walk, # 19, 02 Four Seasons PK, Singapore 249694

Date of Birth/Age :

01.11.1961

Date of Appointment :

15.06.2009

DIN No.:

01564507

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	U51909MH2007FTC175129	CONSOLIDATED BRANDS (INDIA) TRADING PRIVATE LIMITED	Director	17/10/2007	17/10/2007	04/01/2008	Strike off	NO
2	U15549DL1997PTC210769	NORTH EAST PURE DRINKS PRIVATE LIMITED	Director	22/08/2008	23/02/2008	-	Amalgamated	NO
3	U51909DL2006PTC146757	ABInbev India Private Limited	Director	15/06/2009	04/10/2008	-	Active	NO
4	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Whole-time director	01/11/2013	29/06/2009	-	Active	NO
5	U15134DL1965PLC129086	Varun Beverages (International) Limited	Director	23/09/2011	23/09/2011	-	Amalgamated	NO
6	U25199DL2011FTC226364	ALISHA TORRENT CLOSURES (INDIA) PRIVATE LIMITED	Director	17/10/2011	17/10/2011	-	Active	NO
7	U52100DL2013PTC259476	ALISHA RETAIL PRIVATE LIMITED	Director	23/10/2013	23/10/2013	-	Active	NO

Name :

Mr. Kapil Agarwal

Designation :

Director and Chief Executive Officer

Address :

KK – 85, Kavi Naga, Ghaziabad – 201002, Uttar Pradesh, India

Date of Birth/Age :

08.06.1964

Qualification :

MBA

Experience :

22 Years

Date of Appointment :

08.06.2010

PAN No.:

ACDPA3699L

DIN No.:

02079161

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	U15549DL1997PTC210769	NORTH EAST PURE DRINKS PRIVATE LIMITED	Director	22/08/2008	23/02/2008	-	Amalgamated	NO
2	U74899DL1991PLC046403	DEVYANI FOOD INDUSTRIES LIMITED	Director	02/08/2010	17/08/2009	-	Active	NO
3	U51909DL2006PTC146757	ABInbev India Private Limited	Director	08/06/2010	26/03/2010	-	Active	NO
4	U15549DL2009PTC187422	InBev Breweries (Punjab) Private Limited	Director	26/08/2010	21/04/2010	-	Active	NO
5	U15500DL2008PTC183357	InBev Deccan Breweries Private Limited	Director	26/08/2010	21/04/2010	-	Active	NO
6	U74899DL1995PLC069839	VARUN BEVERAGES LIMITED	Whole-time director	01/01/2013	01/01/2012	-	Active	NO

Name :

Paul Joris Maria Boeckx

Designation :

Director

Address :

K 701, Central Park 1, Sector 42, Gurgaon – 122002, Haryana, India

Date of Birth/Age :

02.10.1957

Date of Appointment :

01.06.2012

DIN No.:

05158307

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	U15531TG2007PTC052435	CROWN BEERS INDIA Private Limited	Additional director	19/07/2012	25/02/2012	14/08/2012	Active	NO
2	U51909DL2006PTC146757	ABInbev India Private Limited	Director	01/06/2012	29/02/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Soniya Khandelwal
Designation :	Secretary
Address :	C 5018 Devendravihar Sector 44, Gurgaon-122002, Haryana, India
Date of Birth/Age :	03.01.1982
Date of Appointment :	20.06.2011
PAN No.:	AQDPK6052B

MAJOR SHAREHOLDERS

As on 25.06.2013

Names of Shareholders	No. of Shares
R.K. Jaipuria and Sons (HUF)	5000
Jaipuria Dhara	5000
Interbrew International B.V., Netherland	126742341
R J Corp Limited, India	2742736
Devyani Enterprises Private Limited, India	128162763
Total	257657840

Equity Share Break up (Percentage of Total Equity)

As on 25.06.2013

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	49.00
Bodies corporate	50.96
Directors or relatives of Directors	0.02
Other top fifty shareholders	0.02
Total	100.00

BUSINESS DETAILS

Line of Business :

Sale and Distribution of alcoholic beverages, mainly Beer, for domestic consumption.

GENERAL INFORMATION

No. of Employees :

Information denied by management

Bankers :

• Indusind Bank Limited, Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi - 110001, India
• The Royal Bank of Scotland N.V., 15, Hansalaya Building, Barakhamba Road, New Delhi - 110001, India

Facilities :

SECURED LOANS	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Rupee term loans from banks	12.153	37.152
Loans taken for fixed assets	0.388	0.822
Short Term Borrowings
Loans repayable on demand from banks	172.557	111.934
Total	185.098	149.908

Banking Relations :	--
Auditors :
Name :	BSR and Company Chartered Accountants
Address :	Building No. 10, 8^th Floor, Tower-B, DLF Cyber City, Phase II, Gurgaon-122002, Haryana, India
Tel. No.:	91-124-2549181
Fax No.:	91-124-2549101
PAN No.:	AAIFB0630K
Joint Ventures :	RJ Corp Limited CIN No.: U62200DL1980PLC010262 Inter Brew International B.V (holds 49% of the paid up share capital) Devyani Enterprises Private Limited (holds 49.549% of the paid up share capital CIN No.: U74899DL1978PTC009190
Subsidiaries :	InBev Deccan Breweries Private Limited CIN No.: U15500DL2008PTC183357 Inbev Breweries Punjab Private Limited CIN No.: U15549DL2009PTC187422
Associates :	H Dasappa and Sons Private Limited (till December 2011) CIN No.: U92419KA1972PTC002205

CAPITAL STRUCTURE

As on 25.06.2013

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
258657840	Equity Shares	Rs.10/- each	Rs.2586.578 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2,586.578	2,137.141
(b) Reserves & Surplus	(2,475.128)	(1,784.102)
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	201.998
Total Shareholders’ Funds (1) + (2)	111.450	555.037
(3) Non-Current Liabilities
(a) long-term borrowings	160.583	37.974
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	637.085	0.118
(d) long-term provisions	21.114	14.780
Total Non-current Liabilities (3)	818.782	52.872
(4) Current Liabilities
(a) Short term borrowings	172.557	111.934
(b) Trade payables	92.375	126.135
(c) Other current liabilities	66.425	50.601
(d) Short-term provisions	2.004	1.819
Total Current Liabilities (4)	333.361	290.489
TOTAL	1,263.593	898.398
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	437.995	407.353
(ii) Intangible Assets	0.245	0.000
(iii) Capital work-in-progress	10.553	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.200	0.200
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	147.296	144.172
(e) Other Non-current assets	0.300	1.455
Total Non-Current Assets	596.589	553.180
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	20.884	7.081
(c) Trade receivables	42.555	5.065
(d) Cash and cash equivalents	59.512	0.829
(e) Short-term loans and advances	544.000	332.237
(f) Other current assets	0.053	0.006
Total Current Assets	667.004	345.218
TOTAL	1,263.593	898.398

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		1515.655
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(1112.424)
NETWORTH		403.231
LOAN FUNDS
1] Secured Loans		88.399
2] Unsecured Loans		0.000
TOTAL BORROWING		88.399
DEFERRED TAX LIABILITIES		0.000
TOTAL		491.630
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		399.006
Capital work-in-progress		0.219
INVESTMENT		0.200
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.732
	Sundry Debtors	5.120
	Cash & Bank Balances	55.486
	Other Current Assets	0.000
	Loans & Advances	274.953
Total Current Assets		336.291
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	219.178
	Other Current Liabilities	14.653
	Provisions	10.255
Total Current Liabilities		244.086
Net Current Assets		92.205
MISCELLANEOUS EXPENSES		0.000
TOTAL		491.630

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	INCOME		NA	NA	NA
	EXPENSES		NA	NA	NA
	PROFIT/(LOSS) BEFORE TAX		(691.027)	(671.678)	(397.098)
Less	TAX		0.000	0.000	0.000
	PROFIT/(LOSS) AFTER TAX		(691.027)	(671.678)	(397.098)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(1784.102)	(1112.424)	(715.326)
	BALANCE CARRIED TO THE B/S		(2475.129)	(1784.102)	(1112.424)
	IMPORTS
		Capital Goods	14.344	2.646	1.371
		Stores, Spares, Raw Material and Services	88.605	59.383	15.040
	TOTAL IMPORTS		102.949	62.029	16.411
	Earnings Per Share (Rs.)		(2.83)	(4.02)	(4.02)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Return on Total Assets (PBT/Total Assets}	(%)	(55.16)	(74.78)	(54.01)
Return on Investment (ROI) (PBT/Networth)		(6.20)	(1.21)	(0.98)
Debt Equity Ratio (Total Debt /Networth)		3.28	0.27	0.22
Current Ratio (Current Asset/Current Liability)		2.00	1.19	1.38

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2010	31.03.2011	31.03.2012
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Share Capital	1515.655	2137.141	2586.578
Reserves & Surplus	(1112.424)	(1784.102)	(2475.128)
Share Application money pending allotment	0.000	201.998	0.000
Net worth	403.231	555.037	111.450
long-term borrowings	88.399	149.908	185.098
Short term borrowings	0.000	0.000	180.042
Total borrowings	88.399	149.908	365.140
Debt/Equity ratio	0.219	0.270	3.276

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	No
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	No

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Fully convertible debentures intercorporate	180.042	0.000
Total	180.042	0.000

Notes:

Terms and conditions of issue and conversion of compulsorily convertible debentures (CCDs) are as under:

(a) 10% compulsory convertible debentures (CCD's) of Rs.10 each were allotted on 25 September 2012 (4848245 debentures) and 8 October 2012 (9955895 debentures). These debentures are convertible into equity shares of the Company. Half of the debentures (i.e. 7,02070 debentures) will convert into 7402070 equity shares of Rs.10 each on 30 September 2014 and other half will convert on 31 march 2015. Interest on the CCDs shall accrue at the rate of 10.7% p.a. on the face value from the date of allotment till the conversion into equity shares and shall be payable on conversion.

(b) Term loan is secured by first charge by way of hypothecation on the entire fixed assets of the Company. It is repayable in 16 equal quarterly installments of Rs.6.250 Millions.

(c) Vehicles loan are secured by hypothecation of respective vehicles. They are repayable in monthly installment as per respective sanction letter.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10456979	12/05/2014 *	750,000,000.00	Australia And New Zealand Banking Group Limited	Mumbai Branch Cnergy, 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025, Mumbai, Maharashtra - 400025, India	C03899614
2	10447592	17/08/2013	2,168,950,000.00	Australia And New Zealand Banking Group Limited	10 Collyer Quay, #30-00 Ocean Financial Centre, Singapore, - 048616, Singapore	B84299106
3	10171041	19/04/2010 *	100,000,000.00	Indusind Bank Limited	Dr.Gopal Das Bhawan, 28,Barakhamba Road, New Delhi, Delhi - 110001, India	A86500519

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.30
UK Pound	1	Rs.99.34
Euro	1	Rs.80.70

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	KAR
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		26

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.