MIRA INFORM REPORT

Report Date :

18.06.2014

IDENTIFICATION DETAILS

Name :	AL KABEER EXPORTS PRIVATE LIMITED
Registered Office :	53, Jolly Maker Chambers-II, Nariman Point, Mumbai – 400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	25.01.1979
Com. Reg. No.:	11-020951
Capital Investment / Paid-up Capital :	Rs.377.046 Millions
CIN No.: [Company Identification No.]	U51900MH1979PTC020951
PAN No.: [Permanent Account No.]	AABCA0500H
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in exports of frozen meat, mutton and other allied items and manufacture of ready -to-cook products for exports and domestic sales.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 2781000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Company has performed well. Overall financial position of the company is decent. Tarde relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered for business dealing 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.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	September 19, 2013

Rating Agency Name	CRISIL
Rating	Short term rating A3+
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	September 19, 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 BY

Name :	Mr. Jal Bagli
Designation :	Director
Contact No.:	91-22-22025768
Date :	16.06.2014

LOCATIONS

Registered Office : 91	53, Jolly Maker Chambers-II, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-22025768
Fax No.:	91-22-22028475
E-Mail :	alkabeermumbai@gmail.com
Website :	http://www.al-kabeer.com
Factory :	Village Rudraram, Patancheru Mandal, Sangareddy, District Medak, Hyderabad, Andhra Pradesh, India
Tel. No.:	91-40-45557950/45526352
Fax No.:	91-40-45549178
Overseas Offices :	Dubai, UAE Abu Dhabi Bahrain Riyadh Qatar Malaysia Lebanon United Kingdom Jeddah Dammam Muscat

DIRECTORS

As on 28.09.2013

Name :

Mr. Ghulamuddin Maqbool Shaikh

Designation :

Managing director

Address :

603, Anita Apartments, Street Dominic Road, Near Almeida Park, Bandra (West), Mumbai-400050, Maharashtra, India

Date of Birth/Age :

27.06.1934

Qualification :

Leather Technologist

Date of Appointment :

22.12.2011

DIN No.:

00141142

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	U51900MH1979PTC020951	AL KABEER EXPORTS PRIVATE LIMITED	Managing director	22/12/2011	25/01/1979	-	Active	NO
2	U01100MH1979PTC020984	GREENACRES FARM PRODUCE AND TANNERIES PRIVATE LIMITED	Director	03/02/1979	03/02/1979	-	Active	NO
3	U51900MH1980PTC022437	AL-KABEER FOODS PROCESSING PRIVATE LIMITED	Director	28/03/1980	28/03/1980	-	Active	NO
4	U65990MH1983PTC030422	AL KABEER INVESTMENTS PRIVATE LIMITED	Director	15/07/1983	15/07/1983	-	Active	NO
5	U01210MH1991PTC062529	AL-KABEER LIVE STOCK FARM PRIVATE LIMITED	Director	17/07/1991	17/07/1991	-	Strike off	NO
6	U19100MH1996PTC102896	VISHAL TANNERIES PRIVATE LIMITED	Director	06/01/1997	06/01/1997	-	Active	NO
7	U65990MH1982PTC027475	GANGOLY INVESTMENTS PRIVATE LIMITED	Director	28/09/2000	28/09/2000	-	Active	NO

Name :

Mr. Satish Rajendranath Subberwal

Designation :

Director

Address :

D-28, Anand Niketan, New Delhi – 110 021, India

Date of Birth/Age :

04.03.1941

Qualification :

Graduate N.D.A.

Date of Appointment :

19.10.1981

DIN No.:

00141039

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	U51900MH1979PTC020951	AL KABEER EXPORTS PRIVATE LIMITED	Director	19/10/1981	19/10/1981	-	Active	NO
2	U51900MH1980PTC022437	AL-KABEER FOODS PROCESSING PRIVATE LIMITED	Director	24/10/1981	24/10/1981	-	Active	NO
3	U01100MH1979PTC020984	GREENACRES FARM PRODUCE AND TANNERIES PRIVATE LIMITED	Director	24/10/1981	24/10/1981	-	Active	NO
4	U65990MH1983PTC030422	AL KABEER INVESTMENTS PRIVATE LIMITED	Director	15/07/1983	15/07/1983	-	Active	NO
5	U01210MH1991PTC062529	AL-KABEER LIVE STOCK FARM PRIVATE LIMITED	Director	18/03/1996	18/03/1996	-	Strike off	NO
6	U65990MH1982PTC027475	GANGOLY INVESTMENTS PRIVATE LIMITED	Director	20/07/2001	20/07/2001	-	Active	NO

Name :

Mr. Asif Ghulamuddin Shaikh

Designation :

Director

Address :

601, Anita Apartments, Street, Dominic Road, Near Almeida, Bandra (West), Mumbai-400 050, Maharashtra, India

Date of Birth/Age :

25.11.1963

Qualification :

Graduate

Date of Appointment :

18.12.1999

DIN No.:

00141260

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	U01210MH1991PTC062529	AL-KABEER LIVE STOCK FARM PRIVATE LIMITED	Director	17/07/1991	17/07/1991	-	Strike off	NO
2	U19100MH1996PTC102896	VISHAL TANNERIES PRIVATE LIMITED	Director	27/09/1996	27/09/1996	-	Active	NO
3	U51900MH1979PTC020951	AL KABEER EXPORTS PRIVATE LIMITED	Director	18/12/1999	18/12/1999	-	Active	NO
4	U65990MH1983PTC030422	AL KABEER INVESTMENTS PRIVATE LIMITED	Director	29/08/2011	01/02/2011	-	Active	NO
5	U01100MH1979PTC020984	GREENACRES FARM PRODUCE AND TANNERIES PRIVATE LIMITED	Director	29/08/2011	01/02/2011	-	Active	NO
6	U65990MH1982PTC027475	GANGOLY INVESTMENTS PRIVATE LIMITED	Director	29/09/2011	01/02/2011	-	Active	NO
7	U51900MH1980PTC022437	AL-KABEER FOODS PROCESSING PRIVATE LIMITED	Director	29/09/2011	01/02/2011	-	Active	NO

Name :

Mr. Arshad Salar Siddiqui

Designation :

Director

Address :

43/12, Shram Safalya, Linking Road Extension, Santacruz (West), Mumbai-400 054, Maharashtra, India

Date of Birth/Age :

12.12.1964

Qualification :

B.Sc

Date of Appointment :

30.12.2011

DIN No.:

00376766

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	U19100MH1996PTC102896	VISHAL TANNERIES PRIVATE LIMITED	Director	27/09/1996	27/09/1996	-	Active	NO
2	U51900MH1979PTC020951	AL KABEER EXPORTS PRIVATE LIMITED	Director	30/12/2011	22/12/2011	-	Active	NO

Name :

Mr. Kuldip Singh Digamber Singh Brar

Designation :

Director

Address :

27, Robert Road, Colaba, Mumbai-400 005, Maharashtra, India

Date of Birth/Age :

29.09.1934

Qualification :

Graduate N.D.A.

Date of Appointment :

22.12.1993

DIN No.:

01146720

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	U51900MH1979PTC020951	AL KABEER EXPORTS PRIVATE LIMITED	Director	22/12/1993	22/12/1993	-	Active	NO
2	L51109WB1934PLC088167	J L MORISON (INDIA) LIMITED	Director	18/09/1995	18/09/1995	18/05/2012	Active	NO
3	L29120MH1964PLC012955	HINDUSTAN COMPOSITES LIMITED	Director	10/09/2009	30/09/2008	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Jal Sorabji Bagli
Designation :	Manager
Address :	8/A, Parekh Building, Marzban Colony, Gilder Lane, Mumbai-400 008, Maharashtra, India
Date of Birth/Age :	14.09.1949
Date of Appointment :	12.04.1993
PAN No.:	AACPB6757B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2013

Names of Shareholders	No. of Shares	%age
Ghulamuddin Maqbool Shaikh jointly with Asif Ghulamuddin Shaikh	101195	2.68
Afaaf International Limited	3664365	97.19
Altaf Ghulamuddin Shaikh jointly with Ayesha Altaf Shaikh	4900	0.13
Total	3770460	100.00

As on 28.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	97.18
Directors or relatives of Directors	2.82
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in exports of frozen meat, mutton and other allied items and manufacture of ready -to-cook products for exports and domestic sales.

Products :

Item Code No. (ITC Code)	Product Description
20230	Frozen Buffalo Meat
20442	Frozen Sheep Meat
151610	Animal Fat

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Frozen Meat and Mutton	Tons	NA	NA	--
- On Job Work	Tons	--	--	11879.07
- Own	Tons	--	--	11910.75
Buffalo Hides	Nos. (Per Day)	600	600	--
Sheep/Goat Skin	Nos. (Per Day)	2500	2500	--
Animal Fat	Nos. (Per Day)	35	35	--

Note: Production of Frozen Meat and Mutton does not include quantity consumed for Value Added Products.

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

· State Bank of India, Overseas Branch, World Trade Centre, Cuffe Parade, Mumbai-400 005, Maharashtra, India

· Bank Of Bahrain and Kuwait BSC, Jolly Maker Chambers II, 225, Nariman Point, Mumbai - 400021, Maharashtra, India

· The Hongkong and Shanghai Banking Corporation Limited, Corporation Limited, 52/60, M.G. Road, Mumbai - 400001, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
LONG TERM BORROWINGS
Rupee term loans from bank	55.556	0.000
Other loans and advances	1.210	1.928
SHORT TERM BORROWINGS
Other loans and advances	173.629	8.527
Total	230.395	10.455

NOTE:

LONG TERM BORROWINGS

Rupee Term Loan from Bank is secured against office premise and personal guarantee of Directors. Deferred Payment Liabilities are secured against respective vehicles. Installments payable after one year Rs.

SHORT TERM BORROWINGS

Packing Credit Loans from Banks are secured by equitable mortgage / hypothecation of inventory, books debts and other moveable current assets of the Company. The said Loans are further secured as collateral security against office premises, Land, Building and moveable fixed assets at Denoar and personal guarantee of Directors.

Banking Relations :	--
Auditors :
Name :	Jitendra Sanghavi and Company Chartered Accountant
Address :	706A, Moti Mahal, 195 J, Tata Road, Churchgate, Mumbai - 400020, Maharashtra, India
Tel. No.:	91-22-22624578/22624649
Fax No.:	91-22-22665861
E-Mail :	jbsanghavi@vsnl.com
PAN No.:	AABPS3104N
Holding Company :	¨ Afaaf International Limited, United Arab Emirates
Parties where control exists :	¨ Al Kabeer International ¨ Al Kabeer Foods Processing Private Limited ¨ Gangoly Investments Private Limited ¨ Vishal Tanneries Private Limited ¨ Al Kabeer Investments Private Limited ¨ Greenacres Farm Produce and Tanneries Private Limited ¨ Rafaat Enterprises
Overseas Bodies :	¨ Afaaf International Limited ¨ Afaaf General Trading LLC

CAPITAL STRUCTURE

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
4000000	Equity Shares	Rs.100/- each	Rs.400.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3770460	Equity Shares	Rs.100/- each	Rs.377.046 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	377.046	377.046	377.046
(b) Reserves & Surplus	318.370	285.593	264.258
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	695.416	662.639	641.304
(3) Non-Current Liabilities
(a) long-term borrowings	56.766	1.928	0.926
(b) Deferred tax liabilities (Net)	24.943	27.224	35.581
(c) Other long term liabilities	6.433	6.278	5.962
(d) long-term provisions	11.842	15.507	87.384
Total Non-current Liabilities (3)	99.984	50.937	129.853
(4) Current Liabilities
(a) Short term borrowings	173.629	9.446	1.918
(b) Trade payables	184.525	243.014	85.218
(c) Other current liabilities	1236.831	1280.841	1998.159
(d) Short-term provisions	113.914	114.977	20.747
Total Current Liabilities (4)	1708.899	1648.278	2106.042
TOTAL	2504.299	2361.854	2877.199
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	580.675	416.029	361.491
(ii) Intangible Assets	1.920	0.000	0.000
(iii) Capital work-in-progress	209.365	311.771	257.904
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.287	0.287	0.298
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	142.746	142.244	136.847
(e) Other Non-current assets	2.362	0.147	0.143
Total Non-Current Assets	937.355	870.478	756.683
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	1132.452	1158.377	1033.319
(c) Trade receivables	253.251	195.669	100.937
(d) Cash and cash equivalents	120.865	39.872	191.786
(e) Short-term loans and advances	22.494	69.509	771.100
(f) Other current assets	37.882	27.949	23.374
Total Current Assets	1566.944	1491.376	2120.516
TOTAL	2504.299	2361.854	2877.199

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	6440.791	5304.546	4275.091
		Other Income	13.352	2.401	7.474
		TOTAL	6454.143	5306.947	4282.565
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	6311.252	5163.579	4144.255
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		142.891	143.368	138.310
Less	FINANCIAL EXPENSES		17.682	57.248	78.584
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		125.209	86.120	59.726
Less/ Add	DEPRECIATION/ AMORTISATION		70.923	53.312	50.185
	PROFIT/ (LOSS) BEFORE TAX		54.286	32.808	9.541
Less	TAX		21.509	11.474	4.370
	PROFIT/ (LOSS) AFTER TAX		32.777	21.334	5.171
	EARNINGS IN FOREIGN CURRENCY		5351.829	4404.021	3366.598
	Earnings / (Loss) Per Share (Rs.)		8.69	5.66	1.37

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	0.51	0.40	0.12
Net Profit Margin (PBT/Sales)	(%)	0.84	0.62	0.22
Return on Total Assets (PBT/Total Assets}	(%)	2.37	1.60	0.36
Return on Investment (ROI) (PBT/Networth)		0.08	0.05	0.01
Debt Equity Ratio (Total Debt/Networth)		0.33	0.02	0.00
Current Ratio (Current Asset/Current Liability)		0.92	0.90	1.01

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	377.046	377.046	377.046
Reserves & Surplus	264.258	285.593	318.370
Net worth	641.304	662.639	695.416
long-term borrowings	0.926	1.928	56.766
Short term borrowings	1.918	9.446	173.629
Total borrowings	2.844	11.374	230.395
Debt/Equity ratio	0.004	0.017	0.331

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	4275.091	5304.546	6440.791
		24.080	21.420

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	4275.091	5304.546	6440.791
Profit	5.171	21.334	32.777
	0.12%	0.40%	0.51%

LOCAL AGENCY FURTHER INFORMATION

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

NOTE:

The registered address of the company has been shifted from 53, Jolly Maker Chambers-II, 9^th Floor, Nariman Point, Mumbai – 400021, Maharashtra, India to the present address w.e.f 01.04.2013

UNSECURED LOANS

PARTICULAR	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Other loans and advances	0.000	0.919
Total	0.000	0.919

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10473667	21/01/2014	20,000,000.00	DCB BANK LIMITED	601 & 602, Peninsula Business Park, 6th floor, Tower A, Senapati Bapat Marg, Lower Parel,, Mumbai, Maharashtra - 400013, INDIA	B94744554
2	10390739	20/11/2012	100,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B63642557
3	10082945	06/08/2013 *	360,700,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA	B84789163
4	90226469	23/06/2004 *	499,700,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA	-
5	90241085	13/05/2005 *	499,700,000.00	UTI BANK	NARIMANPOINT BR. ATLANTA GROUND FLOOR NARIMMAN POI, MUMBAI, Maharashtra - 400021, INDIA	-
6	90225129	21/02/2001	458,699,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, MUMBAI, Maharashtra - 400005, INDIA	-
7	90224972	04/06/2004 *	14,237,253,272.00	HONGKONG & SHANGHAI BNAKING CORPORATION LTD	52/60 MAHATMA GANDHI ROAD, MUMBAI, Maharashtra - 400001, INDIA	-
8	90226167	25/10/2001 *	154,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, WORLD TRADE CENTRE ; CUFFE PARADE, BOMBAY, Maharashtra - 400005, INDIA	-
9	90224761	11/07/2001 *	132,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, WEORLD TRADE CENTRE ; CUFFE PARADE, BOMBAY, Maharashtra - 400005, INDIA	-
10	90224598	27/03/1995	112,000,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, MUMBAI, Maharashtra - 400005, INDIA	-
11	90225989	25/03/1997 *	66,000,000.00	BANK OF BAHRAIN & KUWAIT BSC	JOLLY MAKER CHAMBERS II, NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA	-
12	90224491	16/03/1994	86,500,000.00	STATE BANK O F INDIA	OVERSEAS BRANCH, WORLD TRADE CENTRE, MUMBAI, Maharashtra - 400005, INDIA	-
13	90224389	24/01/1993	15,000,000.00	BANK OF NOVA	MITTAL TOWER, MUMBAI, Maharashtra - 400020, INDIA	-
14	90225869	14/08/1992	7,500,000.00	BANK OF BAHRAIN & KUWAIT BSC	JOLLY MAKER CHAMBER II, 225; NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA	-
15	90225815	12/12/1991 *	100,670,986.00	STATE BANK OF INDIA	OVERSEAS BRANCH, WORLD TRADE CENTRE; CUFFE PARADE, BOMBAY, Maharashtra - 400005, INDIA	-
16	90223879	15/11/1990 *	9,000,000.00	STATE BANK O F INDIA	OVERSEAS BRANCH, WORLD TRADE CENTRE, MUMBAI, Maharashtra - 400005, INDIA	-
17	90223847	29/05/1986 *	15,000,000.00	PUNJAB NATIONAL BANK	5PARIIEMENT ROAD, MUMBAI, Maharashtra - 400021, INDIA	-
18	90226519	15/10/1982	2,000,000.00	EMIRATES COMMERCIAL BANK LTD	REHMAT MANJIL, VEER NARIMAN, BOMBAY, Maharashtra- 400020, INDIA	-
19	90220979	22/09/1982	1,000,000.00	PUNJAB NATIONAL BANK	5 ; PARLIAMENT STREET, NEW DELHI, Delhi, INDIA	-
20	90225482	20/07/1984 *	7,400,000.00	CORPORATION BANK	FOREIGN EXCHANGE DEPARTMENT, EARNESR HOUSE; NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA	-

* Date of charge modifications

CORPORATE INFORMATION

Subject was incorporated on 25.01.1979 as a Private Limited Company under the Companies Act, 1956. The Company became a Deemed Limited Company w.e.f. 19.02.1984 u/s 43A of the Company Act 1956 and again became a Private Company w.e.f. 20.09.2001 u/s 43A (2A) as per the Companies (Amendment) Act, which came into force from 14.12.2000.

The company is engaged in exports of frozen meat, mutton and other allied items and manufacture of ready -to-cook products for exports and domestic sales.

The Company is setting-up a unit at Deonar Ancillary to Deonar Abattoir. The Factory will be processing, packing, freezing, storing and selling frozen Meat and Mutton Products and Ready – to – Cook products for sale in Domestic Market and also in International Market. The said project is under construction. The expenditure on the project will be capitalized on the completion of the project.

FIXED ASSETS

œ Buildings

œ Plant and equipment

œ Furniture and fixtures

œ Vehicles

œ Office equipment

œ Office equipment

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] 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.60.37
UK Pound	1	Rs.102.48
Euro	1	Rs.81.87

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	SUM
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
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	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		44

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.