MIRA INFORM REPORT

Report Date :

09.06.2014

IDENTIFICATION DETAILS

Name :	ANANDA AQUA EXPORTS PRIVATE LIMITED
Registered Office :	D. No. 27-8-21/3, Sivarao Pet, Bhimavaram – 534202, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	08.07.1993
Com. Reg. No.:	01 - 015971
Capital Investment / Paid-up Capital :	Rs. 20.870 Millions
CIN No.: [Company Identification No.]	U05005AP1993PTC015971
PAN No.: [Permanent Account No.]	AAGCA1156Q
Legal Form :	Private Limited Liability Company
Line of Business :	Processor, Exporter and Trader of Aqua Shrimps, Black Tiger Shrimps, Pink Brown Shrimps,
No. of Employees :	80 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 710000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Management of the company has filed its financial i.e. 2013 with the government department but the documents related to financials are not available from any sources. As per available financial of 2012, the general financial position of the company seems to be normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered normal 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 – 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.2,453.2 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 PARTED BY

Name :	Mr. Srinivas
Designation :	General Manager Finance
Contact No.:	91-7382611861
Date :	28.05.2014

LOCATIONS

Registered Office :	D. No. 27-8-21/3, Sivarao Pet, Bhimavaram - 534202, Andhra Pradesh, India
Tel. No.:	91-8816-230878/ 230888
Fax No.:	91-8816-272707
E-Mail :	anandagroup@gmail.com info@anandagroup.com
Website :	www.anandagroup.com
Location :	Owned
Factory :	Bhimavaram Mandalam, W.G. District, Ramayanapuram – 534239, Andhra Pradesh, India
Tel. No.:	91-8816-272607/ 272569/ 272507
Fax No.:	91-8816-272707

DIRECTORS

As on: 30.09.2014

Name :

Uddaraju Kasi Viswanadha Raju

Designation :

Managing Director

Address :

2-5-1 Siva Rao Peta(P), Bhimavaram, West Godavari, 534202, Andhra Pradesh, India

Date of Birth/Age :

11-08-1952

Date of Appointment :

08-07-1993

DIN No.:

01736604

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	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Managing director	08-07-93	08-07-93	-	Active	NO
2	U72200AP1994PLC018778	BENGAL SCAMPI TECH LIMITED	Director	17-11-94	17-11-94	-	Active	NO
3	U65992AP1995PTC020531	KONARK FISHERIES PRIVATE LIMITED	Director	31-05-95	31-05-95	-	Active	NO
4	U91200KL1970NPL002301	SEA FOOD EXPORTERS ASSOCIATION OF INDIA	Director	26-09-98	26-09-98	15-12-07	Active	NO
5	U65992AP1999PTC031107	AGS AERO SPACE PRODUCTS PRIVATE LIMITED	Director	15-02-99	15-02-99	-	Active	NO
6	U15142AP2000PTC034396	ANANDA BHAGAVATI FOODS PRIVATE LIMITED	Managing director	08-05-00	08-05-00	-	Active	NO
7	U24239TG2002PTC038533	DEVEE BIOLOGICALS PRIVATE LIMITED	Managing director	20-02-02	20-02-02	-	Active	NO
8	U40109TG2006PTC048979	MAINPAT GREEN ENERGY PRIVATE LIMITED	Director	01-02-06	01-02-06	-	Active	NO
9	U40109TG2006PTC049344	PHULPAD GREEN ENERGY PRIVATE LIMITED	Director	01-03-06	01-03-06	-	Active	NO
10	U40109TG2006PTC049348	SABARI GREEN ENERGY PVT LTD	Director	01-03-06	01-03-06	-	Active	NO
11	U40109TG2006PTC049347	DUDUMMA GREEN ENERGY PVT LTD	Director	01-03-06	01-03-06	-	Active	NO
12	U40107TG2006PTC049760	MARDUM GREEN ENERGY PRIVATE LIMITED	Director	07-04-06	07-04-06	-	Active	NO
13	U40109TG2006PTC051624	CHITTRAKUT JALA VIDYUT PRIVATE LIMITED	Director	11-11-06	11-11-06	-	Active	NO
14	U40109TG2007PTC052271	CHHATTISGARH ENERGY CONSORTIUM (INDIA) PRIVATE LIMITED	Director	05-01-07	05-01-07	17-07-10	Active	NO
15	U52110AP2007PTC053798	ANANDA ENTERPRISES (INDIA) PRIVATE LIMITED	Director	02-05-07	02-05-07	-	Active	NO
16	U40109TG2005PTC046611	NORTH-EAST HYDROENERGY PRIVATE LIMITED	Director	05-09-07	05-09-07	-	Active	NO
17	U93000TG2011PTC077670	INDUS MEGA FOOD PARK PRIVATE LIMITED	Director	04-05-12	25-11-11	-	Active	NO
18	U99999AP1994PTC018223	SREE VICTORY SHRIMP PRODUCTS PVT LTD	Director	11-01-14	11-01-14	-	Active	NO

Name :

Uddaraju Ramakrishnama Raju

Designation :

Director

Address :

2-5-1, Siva Rao Pet, Bhimavaram, West Godavari Dt, 534202, Andhra Pradesh, India

Date of Birth/Age :

13-06-1958

Date of Appointment :

12-05-2004

DIN No.:

02488282

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	U72200AP1994PLC018778	BENGAL SCAMPI TECH LIMITED	Director	17-11-94	17-11-94	-	Active	NO
2	U65992AP1999PTC031107	AGS AERO SPACE PRODUCTS PRIVATE LIMITED	Managing director	28-09-99	28-09-99	-	Active	NO
3	U65992AP1995PTC020531	KONARK FISHERIES PRIVATE LIMITED	Director	18-08-00	18-08-00	-	Active	NO
4	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Director	12-05-04	12-05-04	-	Active	NO
5	U01403TG2012PTC083920	DHARMA AGRITEK FARMS PRIVATE LIMITED	Director	31-10-12	31-10-12	-	Active	NO

Name :

Uddaraju Srinivasa Raju

Designation :

Director

Address :

2-7-4,Sivaraopet, Bhimavaram, West Godavari, 534202, Andhra Pradesh, India

Date of Birth/Age :

27-03-1967

Date of Appointment :

12-05-2004

DIN No.:

02488311

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	U65992AP1999PTC031107	AGS AERO SPACE PRODUCTS PRIVATE LIMITED	Director	28-09-99	28-09-99	-	Active	NO
2	U15142AP2000PTC034396	ANANDA BHAGAVATI FOODS PRIVATE LIMITED	Director	09-05-00	09-05-00	-	Active	NO
3	U65992AP1995PTC020531	KONARK FISHERIES PRIVATE LIMITED	Director	18-08-00	18-08-00	-	Active	NO
4	U24239TG2002PTC038533	DEVEE BIOLOGICALS PRIVATE LIMITED	Director	20-02-02	20-02-02	-	Active	NO
5	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Director	12-05-04	12-05-04	-	Active	NO

Name :

Uddaraju Anand Ramesh Varma

Designation :

Director

Address :

2-7-4, Surya Bhavan, Sivaraopeta, Bhimavaram, West Godavari, 534202, Andhra Pradesh, India

Date of Birth/Age :

26-02-1972

Date of Appointment :

12-05-2004

DIN No.:

02488327

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	U65992AP1995PTC020531	KONARK FISHERIES PRIVATE LIMITED	Director	18-08-00	18-08-00	-	Active	NO
2	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Director	12-05-04	12-05-04	-	Active	NO
3	U52110AP2007PTC053798	ANANDA ENTERPRISES (INDIA) PRIVATE LIMITED	Director	02-05-07	02-05-07	-	Active	NO

Name :

Uddaraju Muralianand Varma

Designation :

Director

Address :

2-5-14, Sivaraopeta, Bhimavaram, West Godavari, 534202, Andhra Pradesh, India

Date of Birth/Age :

29-08-1974

Date of Appointment :

12-05-2004

DIN No.:

02597467

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	U65992AP1999PTC031107	AGS AERO SPACE PRODUCTS PRIVATE LIMITED	Director	17-07-02	17-07-02	-	Active	NO
2	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Director	12-05-04	12-05-04	-	Active	NO
3	U52110AP2007PTC053798	ANANDA ENTERPRISES (INDIA) PRIVATE LIMITED	Director	02-05-07	02-05-07	-	Active	NO

Name :

Uddaraju Sreeram Lakshimipathi Bhoga Raju

Designation :

Director

Address :

2-7-4,, Sivaraopeta, Bhimavaram, 534202, Andhra Pradesh, India

Date of Birth/Age :

27-03-1967

Date of Appointment :

12-05-2004

DIN No.:

02615898

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	U65992AP1999PTC031107	AGS AERO SPACE PRODUCTS PRIVATE LIMITED	Director	28-09-99	28-09-99	-	Active	NO
2	U65992AP1995PTC020531	KONARK FISHERIES PRIVATE LIMITED	Director	18-08-00	18-08-00	-	Active	NO
3	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Director	12-05-04	12-05-04	-	Active	NO
4	U52110AP2007PTC053798	ANANDA ENTERPRISES (INDIA) PRIVATE LIMITED	Director	15-02-08	15-02-08	-	Active	NO
5	U99999AP1994PTC018223	SREE VICTORY SHRIMP PRODUCTS PVT LTD	Director	11-01-14	11-01-14	-	Active	NO

Name :

Uddaraju Jogi Anand Varma

Designation :

Director

Address :

Siri Residency, Apt No 601, Engineers Colony, Yellareddyguda, Hyderabad, 500016, Andhra Pradesh, India

Date of Birth/Age :

16-10-1977

Date of Appointment :

12-05-2004

DIN No.:

02702190

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	U72200AP1994PLC018778	BENGAL SCAMPI TECH LIMITED	Director	12-10-02	12-10-02	-	Active	NO
2	U65992AP1999PTC031107	AGS AERO SPACE PRODUCTS PRIVATE LIMITED	Director	01-04-04	01-04-04	-	Active	NO
3	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Director	12-05-04	12-05-04	-	Active	NO

Name :

Uddaraju Krishna Prasad

Designation :

Director

Address :

2-5-1, Sivarao Peta, Bhimavaram, West Godavari, 534202, Andhra Pradesh, India

Date of Birth/Age :

15-05-1950

Date of Appointment :

08-07-1993

PAN No.:

AGEDR6380Q

DIN No.:

02716545

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	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Director	08-07-93	08-07-93	-	Active	NO
2	U72200AP1994PLC018778	BENGAL SCAMPI TECH LIMITED	Director	17-11-94	17-11-94	-	Active	NO
3	U65992AP1995PTC020531	KONARK FISHERIES PRIVATE LIMITED	Director	31-05-95	31-05-95	-	Active	NO
4	U65992AP1999PTC031107	AGS AERO SPACE PRODUCTS PRIVATE LIMITED	Director	28-09-99	28-09-99	-	Active	NO
5	U15142AP2000PTC034396	ANANDA BHAGAVATI FOODS PRIVATE LIMITED	Director	08-05-00	08-05-00	-	Active	NO
6	U01403TG2012PTC083920	DHARMA AGRITEK FARMS PRIVATE LIMITED	Director	31-10-12	31-10-12	-	Active	NO
7	U01403AP2012PTC084927	Godavari Mega Aqua Food Park Private Limited	Director	19-12-12	19-12-12	-	Active	NO

Name :

Uddaraju Suryanarayana Raju

Designation :

Director

Address :

2-7-4, Sivarao Peta, Bhimavaram, 534202, Andhra Pradesh, India

Date of Birth/Age :

10-08-1969

Date of Appointment :

12-05-2004

PAN No.:

AGEGE5266B

DIN No.:

02816686

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	U65992AP1995PTC020531	KONARK FISHERIES PRIVATE LIMITED	Director	18-08-00	18-08-00	-	Active	NO
2	U05005AP1993PTC015971	ANANDA AQUA EXPORTS PRIVATE LIMITED	Director	12-05-04	12-05-04	-	Active	NO
3	U99999AP1994PTC018223	SREE VICTORY SHRIMP PRODUCTS PVT LTD	Director	11-01-14	11-01-14	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Srinivas
Designation :	General Manager Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2014

Names of Shareholders	No. of Shares
Uddaraju Krishna Prasad	39440
Uddaraju Kasi Viswanadha Raju	100780
Uddaraju Ramakrishnama Raju	27170
Uddaraju Sreeram Lakshimipathi Bhoga Raju	43400
Uddaraju Suryanarayana Raju	292580
Uddaraju Srinivasa Raju	92450
U Radha Rani	75900
Uddaraju Jogi Anand Varma	214284
U Anand Kiran	13100
U Anand Raju	10100
Uddaraju Muralianand Varma	12600
Uddaraju Anand Ramesh Varma	12500
Raju Vegesna Infotech Private Limited	833333
Kalyan Varma Nambur	191296
Anand K Uddaraju	89117
Kode Srinivas	39023
Total	2087073

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	25.57
Bodies corporate	39.93
Directors or relatives of Directors	34.50
Total	100.00

BUSINESS DETAILS

Line of Business :

Processor, Exporter and Trader of Aqua Shrimps, Black Tiger Shrimps, Pink Brown Shrimps,

Products :

ITC Code	Product Descriptions
23099031	Fish/ Prawns Feed

Exports :

Products :

Finished Goods

Countries :

Ø UK

Ø USA

Ø Middle East

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

GENERAL INFORMATION

Customers :

Wholesalers, Retailers and End Users

No. of Employees :

80 (Approximately)

Bankers :

Ø Canara Bank, Industrial Finance Branch, 5-10-194, Chakrapani Estate, Saifabad, Kalanjali Building, Hyderabad - 500004, Andhra Pradesh, India

Ø HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India

Ø Canara Bank, PP Road, Bhimavaram, Bhimavaram - 534201, Andhra Pradesh, India

Ø Canara Bank, Sivarao Pet, Bhimavaram - 534202, Andhra Pradesh, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWINGS
Loans taken for vehicle	2.590	0.000
SHORT TERM BORROWINGS
Working capital loans from banks	183.472	123.658
Total	186.062	123.658

Banking Relations :	---
Auditors :
Name :	Rao and Sharma Chartered Accountants
Address :	27-8-29, Srirampuram, Bhimavaram, W.G District, Andhra Pradesh, India
Tel. No.:	91-8816-223386
E-Mail :	raoandsharma@gmail.com
Income-tax PAN of auditor or auditor's firm :	AAIFR6632F
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Ø AGS Aero Space Products Private Limited Ø Ananda Enterprises (India) Private Limited Ø Ananda Aqua Applications Ø Ananda Estates Ø Ananda Foods Ø Bharat Fisheries Ø Dee Vee Biological Private Limited Ø Shri Padmavathi Polymers

CAPITAL STRUCTURE

As on: 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs.10/- each	Rs. 25.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2087073	Equity Shares	Rs.10/- each	Rs. 20.870 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	20.870	20.870
(b) Reserves & Surplus	111.591	89.612
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	45.687	0.190
Total Shareholders’ Funds (1) + (2)	178.148	110.672
(3) Non-Current Liabilities
(a) long-term borrowings	2.590	0.000
(b) Deferred tax liabilities (Net)	0.000	1.084
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	3.742	2.141
Total Non-current Liabilities (3)	6.332	3.225
(4) Current Liabilities
(a) Short term borrowings	183.472	123.657
(b) Trade payables	228.712	94.900
(c) Other current liabilities	21.627	36.764
(d) Short-term provisions	4.707	3.314
Total Current Liabilities (4)	438.518	258.635
TOTAL	622.998	372.532
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	96.455	68.785
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	13.120	0.251
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	16.672	0.010
(c) Deferred tax assets (net)	0.072	0.000
(d) Long-term Loan and Advances	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	126.319	69.046
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	147.652	76.964
(c) Trade receivables	182.796	140.388
(d) Cash and cash equivalents	25.001	22.510
(e) Short-term loans and advances	141.230	63.624
(f) Other current assets
Total Current Assets	496.679	303.486
TOTAL	622.998	372.532

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		20.871
2] Share Application Money		10.510
3] Reserves & Surplus		83.685
4] (Accumulated Losses)		0.000
NETWORTH		115.066
LOAN FUNDS
1] Secured Loans		129.175
2] Unsecured Loans		0.000
TOTAL BORROWING		129.175
DEFERRED TAX LIABILITIES		1.140
FOREIGN CURRENCY MONETARY ITEM TRANSLATION DIFFERENCE LIABILITY ACCOUNT		0.000
TOTAL		245.381
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		64.836
Capital work-in-progress		1.066
INVESTMENT		6.005
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	63.047
	Sundry Debtors	102.228
	Cash & Bank Balances	21.078
	Other Current Assets	0.000
	Loans & Advances	47.323
Total Current Assets		233.676
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	41.386
	Other Current Liabilities	17.707
	Provisions	1.108
Total Current Liabilities		60.201
Net Current Assets		173.475
MISCELLANEOUS EXPENSES		0.000
TOTAL		245.381

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	2028.541	1345.954	968.233
		Other Income	18.534	8.760	1.831
		TOTAL	2047.075	1354.714	970.064
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	2015.455	1344.401	963.411
	PROFIT BEFORE TAX		31.620	10.313	6.653
Less	TAX		9.641	4.386	2.982
	PROFIT AFTER TAX		21.979	5.927	3.671
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	904.716	541.216	414.311
	CIF VALUE OF IMPORTS		N.A.	2.119	0.000
	Earnings Per Share (Rs.)		10.53	2.84	1.76

Particulars	31.03.2014	31.03.2013
Sales Turnover (Approximately)	4600.000	2910.000

The above information has been parted by Mr. Sinivas (General Manager Finance)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	1.07	0.44	0.38
Net Profit Margin (PBT/Sales)	(%)	1.56	0.77	0.69
Return on Total Assets (PBT/Total Assets}	(%)	5.33	2.77	2.39
Return on Investment (ROI) (PBT/Networth)		0.18	0.09	0.06
Debt Equity Ratio (Total Debt /Networth)		1.04	1.12	1.12
Current Ratio (Current Asset/Current Liability)		1.13	1.17	3.88

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)
Share Capital	20.870	20.870
Reserves & Surplus	89.612	111.591
Net worth	110.482	132.461
long-term borrowings	0.000	2.590
Short term borrowings	123.657	183.472
Total borrowings	123.657	186.062
Debt/Equity ratio	1.119	1.405

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	968.233	1345.954	2028.541
		39.011	50.714

NET PROFIT MARGIN

Net Profit Margin	31.03.2010	31.03.2011	31.03.2012
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	968.233	1345.954	2028.541
Profit	3.671	5.927	21.979
	0.38%	0.44%	1.08%

LOCAL AGENCY FURTHER INFORMATION

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

OPERATION/PERFORMANCE:

The company posted a turnover of Rs. 2028.541 Millions and other income of Rs. 18.534 Millions during the year. The company has earned Net Profit of Rs. 31.620 Millions before provision for Income tax. During the Financial Year under consideration the Directors of the Company with the support of the Members & Staff are able to achieve 34% growth in turnover.

FUTURE OUTLOOK:

The Board of Directors are seriously deliberating to establish a new processing facility. In this new facility world class IQF Machinery from Marvel Food Systems, Singapore is being Installed for Good Quality Freezing, Glazing and Glaz hardening for freezing and storing of fish and fishery products well suitable for Indian and International Markets. By installing this technology your Company is Saving Power, and Fuel.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10479929	31/01/2014	2,591,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B97344303
2	10461464	30/09/2013	2,454,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B90027491
3	10450953	31/08/2013	2,854,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B85697837
4	10438356	28/06/2013	500,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B80244668
5	10424807	23/04/2013	1,880,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B74797911
6	10414537	22/03/2013	5,370,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B71695308
7	10417868	13/03/2013	603,800,000.00	CANARA BANK	INDUSTRIAL FINANCE BRANCH, 5-10-194, CHAKRAPANI ESTATE, SAIFABAD, KALANJALI BUILDING, HYDERABAD, ANDHRA PRADESH - 500004, INDIA	B72633241
8	10379919	28/08/2012	3,120,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B59452649
9	10359449	19/05/2012	2,080,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, MAHARASHTRA - 400013, INDIA	B41135203
10	90140358	25/05/2005 *	116,000,000.00	CANARA BANK	BHIMAVARAM, BHIMAVARAM, ANDHRA PRADESH, INDIA	-
11	90140320	11/02/2013 *	624,000,000.00	CANARA BANK	PP ROAD, BHIMAVARAM, BHIMAVARAM, ANDHRA PRADESH -  534201, INDIA	B69983005
12	90136824	10/05/2000	34,800,000.00	CANARA BANK	BHIMAVARAM, BHIMAVARAM, ANDHRA PRADESH, INDIA	-
13	90139898	04/07/1994	5,000,000.00	CANARA BANK	BHIMAVARAM, BHIMAVARAM, ANDHRA PRADESH, INDIA	-

* Date of charge modification

FIXED ASSETS

Ø Land

Ø Buildings

Ø Other building

Ø Plant and equipment

Ø Other plant and equipment

Ø Furniture and fixtures

Ø Vehicles

Ø Motor vehicles

Ø Office equipment

Ø Computer equipments

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.59.21
UK Pound	1	Rs.99.17
Euro	1	Rs.80.56

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	DIV
Report Prepared by :	SBN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		42

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.