MIRA INFORM REPORT

Report Date :

11.06.2014

IDENTIFICATION DETAILS

Name :	HMA AGRO INDUSTRIES LIMITED
Registered Office :	2/220, 2^nd Floor, Glory Plaza, Sursadan Crossing, M.G Road Sanjay Place, Agra- 282002, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	09.04.2008
Com. Reg. No.:	20-034977
Capital Investment / Paid-up Capital :	Rs.37.265 Millions
CIN No.: [Company Identification No.]	U01403UP2008PLC034977
PAN No.: [Permanent Account No.]	AACCH0450J
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Meat Bone Meal, Beaf Frozen Meat
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 720000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. Profitability of the company seems to be low. However, trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some 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.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.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long - Term Rating = BB
Rating Explanation	Have moderate risk of default.
Date	28.11.2013

Rating Agency Name	CRISIL
Rating	Short - Term Rating = A4+
Rating Explanation	Have minimal degree of safety and carry very high credit risk.
Date	28.11.2013

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DENIED

MANAGEMENT NON-COOPERATIVE

CONTACT NO.: 91-562-4000188

LOCATIONS

Registered Office / Corporate Office :	2/220, 2^nd Floor, Glory Plaza, Sursadan Crossing, M.G Road Sanjay Place, Agra- 282002, Uttar Pradesh, India
Tel. No.:	91-562-4000188 / 2523230
Mobile No.:	919675788168 (Mr. Laiju) 91-9810202861 (Mr. Mohammad Kamil Qureshi)
Fax No.:	91-562-2523230
E-Mail :	sales@hmagroup.co info@hmagroup.co.in rumeshchandra@ymail.com
Website :	http://www.hmagroup.co http://hmagroup. com

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Zulfiqar Ahmed Qureshi

Designation :

Whole-time director

Address :

18/129-A, Malko Gali, Near Mitan Nazeer Park, Taj Ganj, Agra – 282001, Uttar Pradesh, India

Date of Birth/Age :

10.06.1972

PAN No.:

AAAPQ2317E

Date of Appointment :

01.04.2009

DIN No.:

01312224

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	U15201UP2007PTC033389	HMA HYGIENIC FOODS INDUSTRIES PRIVATE LIMITED	Whole-time director	01/04/2009	31/05/2007	-	Active	NO
2	U01403UP2008PLC034977	HMA AGRO INDUSTRIES LIMITED	Whole-time director	01/04/2009	09/04/2008	-	Active	NO
3	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
4	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO

Name :

Mr. Gulzar Ahmad

Designation :

Managing director

Address :

18/129-A, Malko Gali, Near Mitan Nazeer Park, Taj Ganj, Agra – 282001, Uttar Pradesh, India

Date of Birth/Age :

15.07.1966

Date of Appointment :

01.04.2009

PAN No.:

AABPQ1133F

DIN No.:

01312305

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	U15201UP2007PTC033389	HMA HYGIENIC FOODS INDUSTRIES PRIVATE LIMITED	Whole-time director	01/04/2009	31/05/2007	-	Active	NO
2	U01403UP2008PLC034977	HMA AGRO INDUSTRIES LIMITED	Managing director	01/04/2009	09/04/2008	-	Active	NO
3	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
4	U01403UP2011PTC047718	HMA CATTLE FARMING PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
5	U15549MH2012PTC237862	AL-BAKSH AGRO PRIVATE LIMITED	Director	12/11/2012	12/11/2012	-	Active	NO
6	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO

Name :

Mr. Mohd Ashraf Qureshi

Designation :

Whole-time director

Address :

18/129-A, Malko Gali, Near Mitan Nazeer Park, Taj Ganj, Agra – 282001, Uttar Pradesh, India

Date of Birth/Age :

12.03.1973

Date of Appointment :

01.04.2009

PAN No.:

AABPQ1133F

DIN No.:

01312326

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	U15201UP2007PTC033389	HMA HYGIENIC FOODS INDUSTRIES PRIVATE LIMITED	Managing director	01/04/2009	31/05/2007	-	Active	NO
2	U01403UP2008PLC034977	HMA AGRO INDUSTRIES LIMITED	Whole-time director	01/04/2009	09/04/2008	-	Active	NO
3	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
4	U01403UP2011PTC047718	HMA CATTLE FARMING PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
5	U74210MH1989PTC052847	GAUSIA COLD STORAGE PRIVATE LIMITED	Director	15/04/2013	15/01/2013	-	Active	NO
6	U55204UP2013PTC054848	HMA PALACE PRIVATE LIMITED	Director	31/01/2013	31/01/2013	-	Active	NO
7	U70102UP2013PTC054841	TAJVIEW BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	31/01/2013	31/01/2013	-	Active	NO
8	U51909MH2013PTC240471	HMA EXPORT PRIVATE LIMITED	Director	14/02/2013	14/02/2013	-	Active	NO
9	U70102UP2013PTC055078	TAJVIEW CONSTRUCTIONS PRIVATE LIMITED	Director	15/02/2013	15/02/2013	-	Active	NO
10	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO
11	U19129UP2014PTC062087	HMA LEATHER EXPORT PRIVATE LIMITED	Director	20/01/2014	20/01/2014	-	Active	NO
12	U15400DL2013PTC253044	FEDERAL AGRO INDUSTRIES PRIVATE LIMITED	Director	30/04/2014	25/04/2014	-	Active	NO
13	AAC-3353	AGRA BETTER HOMES LLP	Designated Partner	30/05/2014	30/05/2014	-	Active	NO

Name :

Mr. Wajid Mohd Ashiq Qureshi Ahmad

Designation :

Director

Address :

18/129 A Malko Gali, Taj Ganj, Agra – 282001, Uttar Pradesh, India

Date of Birth/Age :

04.08.1983

Date of Appointment :

01.04.2013

DIN No. :

01312261

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	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
2	U01403UP2011PLC047316	HMA NATURAL FOODS LIMITED	Director	08/11/2011	08/11/2011	-	Active	NO
3	U01403UP2011PTC047718	HMA CATTLE FARMING PRIVATE LIMITED	Director	02/12/2011	02/12/2011	-	Active	NO
4	U01403UP2008PLC034977	HMA AGRO INDUSTRIES LIMITED	Director	01/04/2013	01/04/2013	-	Active	NO
5	U72300UP2013PLC056262	HMA INFO SOLUTIONS LIMITED	Director	17/04/2013	17/04/2013	-	Active	NO
6	U50102UP2013PTC057360	HMA AUTOMOBILES PRIVATE LIMITED	Director	31/05/2013	31/05/2013	-	Active	NO
7	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO
8	U19129UP2014PTC062087	HMA LEATHER EXPORT PRIVATE LIMITED	Director	01/03/2014	01/03/2014	-	Active	NO

Name :

Mr. Mohammad Kamil Qureshi

Designation :

Director

Address :

18/129 A, Malka Gali, Ps. Taj Ganj, Agra - 282001, Uttar Pradesh, India

Date of Birth/Age :

14.08.1985

Date of Appointment :

01.04.2013

DIN No. :

02827288

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	U01403UP2009PTC038747	HMA FOOD EXPORT PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
2	U01403UP2011PLC047316	HMA NATURAL FOODS LIMITED	Director	08/11/2011	08/11/2011	-	Active	NO
3	U74210MH1989PTC052847	GAUSIA COLD STORAGE PRIVATE LIMITED	Director	15/04/2013	15/01/2013	-	Active	NO
4	U51909MH2013PTC240471	HMA EXPORT PRIVATE LIMITED	Director	14/02/2013	14/02/2013	-	Active	NO
5	U01403UP2008PLC034977	HMA AGRO INDUSTRIES LIMITED	Director	01/04/2013	01/04/2013	-	Active	NO
6	U72300UP2013PLC056262	HMA INFO SOLUTIONS LIMITED	Director	17/04/2013	17/04/2013	-	Active	NO
7	U01403UP2013PLC059589	MUFEEZ FOOD EXPORT LIMITED	Director	16/09/2013	16/09/2013	-	Active	NO
8	U19129UP2014PTC062087	HMA LEATHER EXPORT PRIVATE LIMITED	Director	20/01/2014	20/01/2014	-	Active	NO
9	U15400DL2013PTC253044	FEDERAL AGRO INDUSTRIES PRIVATE LIMITED	Director	30/04/2014	25/04/2014	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Mohd. Gulzar Ahmed	596240
Mohd. Parvej Alam	149060
Mohd. Ashraf Qureshi	596240
Mohd. Kamil Qureshi	596240
Mohd. Mehmood Qureshi	596240
Mohd. Zulfiquar Ahmed Qureshi	596240
Mohd. Wajid Ahmed	596240
Total	3726500

AS ON 30.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Meat Bone Meal, Beaf Frozen Meat

Products :

• Brisket Long
• Chuck Tender
• Knuckle
• Neck
• Rib Eye
• Rumsteck
• Shank Without Bone
• Silverside
• Striploin
• Thickflank
• Topside Pat
• Topside
• Trimming

Item Code No. (ITC Code)	Product Description
02013000	Food

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

• Canara Bank, Overseas Branch, Sanjay Place, Agra - 282002, Uttar Pradesh, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
LONG TERM BORROWINGS
Rupee term loans from banks	64.847	133.880
Total	64.847	133.880

Banking Relations :	--
Auditors :
Name :	Manish Sahni and Associates Chartered Accountants
Address :	C-162, Kedar Nagar, Shahganj, Agra – 282010, Uttar Pradesh, India
PAN.:	ASZPS3007N

CAPITAL STRUCTURE

AS ON 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
6500000	Equity Shares	Rs.10/- each	Rs.65.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3726500	Equity Shares	Rs.10/- each	Rs.37.265 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	37.265	37.265	35.137
(b) Reserves & Surplus	140.313	56.936	9.287
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.150	6.435
Total Shareholders’ Funds (1) + (2)	177.578	94.351	50.859
(3) Non-Current Liabilities
(a) long-term borrowings	64.847	133.880	168.981
(b) Deferred tax liabilities (Net)	9.758	6.945	0.000
(c) Other long term liabilities	55.000	0.000	24.992
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	129.605	140.825	193.973
(4) Current Liabilities
(a) Short term borrowings	79.268	47.329	26.539
(b) Trade payables	1,784.822	339.700	87.945
(c) Other current liabilities	17.026	11.179	0.575
(d) Short-term provisions	31.914	7.224	0.783
Total Current Liabilities (4)	1,913.030	405.432	115.842
TOTAL	2,220.213	640.608	360.674
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	357.474	302.703	272.968
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	6.212	5.971	3.089
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	7.580	6.538	4.267
(e) Other Non-current assets	117.600	12.320	2.147
Total Non-Current Assets	488.866	327.532	282.471
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	226.437	117.854	41.087
(c) Trade receivables	1,402.995	145.097	6.999
(d) Cash and cash equivalents	58.503	37.628	15.433
(e) Short-term loans and advances	43.412	12.497	14.684
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1,731.347	313.076	78.203
TOTAL	2,220.213	640.608	360.674

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Revenue from operations	11,595.006	3,588.454	11.115
	Other Income	227.066	7.772	50.798
	TOTAL (A)	11,822.072	3,596.226	61.913
Less	EXPENSES
	Cost of Materials Consumed	10,697.648	3,313.493	49.654
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(104.568)	(74.935)	(41.087)
	Employees benefits expense	210.292	79.694	22.476
	Other expenses	845.174	174.348	13.195
	TOTAL (B)	11,648.546	3,492.600	44.238
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	173.526	103.626	17.675
Less	FINANCIAL EXPENSES (D)	24.457	31.669	12.674
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	149.069	71.957	5.001
Less/ Add	DEPRECIATION/ AMORTISATION (F)	43.769	34.719	10.789
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	105.300	37.238	(5.788)
Less	TAX (H)	21.923	11.245	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H)	83.377	25.993	(5.788)
	Earnings / (Loss) Per Share (Rs.)	22.37	6.98	(1.65)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	0.71	0.72	(9.35)
Net Profit Margin (PBT/Sales)	(%)	0.91	1.04	(52.07)
Return on Total Assets (PBT/Total Assets}	(%)	4.76	5.87	(1.62)
Return on Investment (ROI) (PBT/Networth)		0.59	0.39	(0.11)
Debt Equity Ratio (Total Debt /Networth)		0.81	1.92	3.84
Current Ratio (Current Asset/Current Liability)		0.91	0.77	0.68

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	35.137	37.265	37.265
Reserves & Surplus	9.287	56.936	140.313
Share Application money pending allotment	6.435	0.150	0.000
Net worth	50.859	94.351	177.578
long-term borrowings	168.981	133.880	64.847
Short term borrowings	26.539	47.329	79.268
Total borrowings	195.520	181.209	144.115
Debt/Equity ratio	3.844	1.921	0.812

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operation	11.115	3,588.454	11,595.006
		32,184.786	223.120

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operation	11.115	3,588.454	11,595.006
Profit After Tax	(5.788)	25.993	83.377
	(52.07%)	0.72%	0.72%

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	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

SECURED BORROWINGS

PARTICULAR	31.03.2013 (Rs. in Millions)	31.03.2012 (Rs. in Millions)
SHORT TERM BORROWINGS
Working capital loans from banks	79.268	47.330
Total	79.268	47.330

VIEW INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10184833	31/05/2013 *	464,000,000.00	CANARA BANK	OVERSEAS BRANCH, SANJAY PLACE, AGRA- 282002, UTTAR PRADESH, INDIA	B80389455

* Date of charge modification

Fixed Assets

• Land
• Electric Installation
• Building
• Computer
• Fixtures and Tools
• Motor
• Mobile Phone
• Plant and Machinery

AS PER WEBSITE

PROFILE

HMA AGRO Industries Limited was established in year 2008 and commissioned in 2010 bearing a single thought in mind – “ To provide Wholesome Healthy HALAL Boneless Buffalo Meat as food product to people all over the world ’’. Company has a newly constructed Modern Abattoir cum Processing plant equipped with state –of- the art technology for production of ‘ HALAL’ Compensated Buffalo Meat, Special Cuts. Company has an integrated plant comprising of hygienically maintained Slaughter House cum Processing Unit. Company is having full functional Rendering Plant and ETP. The plant is approved by APEDA vide their Registration No. 119

The plant is certified for HACCP and ISO. All HALAL operations/practices are being certified and supervised by Jamiat Ulama-i-Hind, New Delhi. Leveraging on our vast industrial experience and domain experience, we HMA Agro industries Limited, are a distinguished Exporter of Frozen HALAL Buffalo Meat from India. Our wide ambite of Frozen Meat is procured from most trusted vendors and other sources, hence our offered Meat is delicious, high on nutritional value and safe to consume. Situated at Agra , we possess two ultramodern processing plants in Agra as well as in Aligarh. We have mustered a hugh clientele with an export capacity of about 20000 to 30000 tons of frozen HALAL meat.

Ever since Our inception, we have been laying paramount importance towards the quality of our product. We adhere to stringent quality parameters and ensure optimum hygienic and sanitation norms are maintained throughout the processing. In order to have effective and hygiene storage of bulk quantities of Frozen Meat, we have established a contemporary warehousing and Cold storage wing, which is bestowed with cutting – edge facilities.

HMA Agro Industries Limited is an Abattoir cum Meat Processing plant at Aligarh in the state of Uttar Pradesh in India. HMA Agro is formed with the objective of complete forward and backward integration in the meat production and export. HMA Agro guarantees the supply of a range of halal-fresh and frozen buffalo meat products through its commitment to procure only safe raw materials and producing safe & quality products of highest standard by processing, packaging, storage and transportation under hygienic conditions. The source and traceability of the animals are documented from the farm to the finished product. Our aim is to belief in constant up gradation and restructuring of activities in the plant. We are firmly committed to consistently supply superior quality and safe meat and meat products to achieve highest level of customer satisfaction.

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.59.26
UK Pound	1	Rs.99.63
Euro	1	Rs.80.59

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	RAS
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.