MIRA INFORM REPORT

Report No. :	353094
Report Date :	16.12.2015

IDENTIFICATION DETAILS

Name :	DAAWAT FOODS LIMITED
Formerly Known As :	DAAWAT FOODS PRIVATE LIMITED
Registered Office :	Unit No. 134, First Floor, Rectangle -1, Saket District Centre, New Delhi - 110017
Tel. No.:	Not Available
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	04.05.2005
Com. Reg. No.:	55-135838
Capital Investment / Paid-up Capital :	Rs.191.553n Million
CIN No.: [Company Identification No.]	U15209DL2005PLC135838
IEC No.:	0507021355
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCD3698N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is primarily in the business of milling, processing and marketing of branded and non-branded basmati rice and manufacturing of rice food products in the domestic and overseas market and integrated business of handling, storage and transportation of food grains. [Registered Activity]
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 2900000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a subsidiary of ‘LT Foods Limited’. The company is engaged in manufacturing and exporting packaged rice foods under the brand name Devaaya, Rozana range and Heritage. For the financial year ended 2014, company has reported 63.42% revenue growth as compared to previous year revenue and it has maintained satisfactory profitability margins at 4.50% during the year under review. Rating takes into consideration company’s established operational track record backed by its well established brand, sizeable scale of operations and its positioning as one of the leading players in the basmati rice industry. Rating also takes into account of company’s above average financial profile marked by its sound net worth base along with modest debt coverage indictors and moderate liquidity position. However, rating strength is partially offset by limited pricing flexibility of the industry owing to its fragmented nature and high competitive intensity along with vulnerability of the profitability to foreign exchange rate volatility, exposure to agro climatic risks and changes in government regulations and trade policies, both in the domestic as well as importing countries. Trade relations are reported as fair. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition

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, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

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 31-03-2015.

LOCATIONS

Registered Office :	Unit No. 134, First Floor, Rectangle -1, Saket District Centre, New Delhi – 110017, Indai
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	anu.sharma@ltgroup.in
Website:
Corporate Office:	4th Floor, MVL-I Park, Sector-15, Gurgaon, Haryana
Factory:	Mandideep, Distt Raisen, Madhya Pradesh
Factory 1:	Village Kamaspur, Haryana
Factory 2:	Plot No 7, Satlapur Growth Centre, Phase II Industrial Area, Mand - 462 Madhya Pradesh, India

DIRECTORS

AS ON 31.03.2015

Name :

Ashwani Kumar Arora

Designation :

Managing Director

Address :

Raghuvesh Villa A - 25/9, Dlf City Phase - I, Gurgaon - 122002, Haryana, India

Date of Birth/Age :

31.03.1965

Date of Appointment :

30.09.2008

DIN No.:

01574773

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	U74899DL1999PLC097892	L T INTERNATIONAL LIMITED	Director	12/01/1999	12/01/1999	08/07/2014	Active	NO
2	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Managing director	30/09/2008	14/05/2005	-	Active	NO
3	U15134DL2005PLC143017	NATURE BIO-FOODS LIMITED	Director	25/11/2005	25/11/2005	-	Active	NO
4	L74899DL1990PLC041790	LT FOODS LIMITED	Managing director	22/06/2015	22/06/2007	-	Active	NO
5	U40300DL2007PTC165512	NATURE BIO-FUEL PRIVATE LIMITED	Director	04/07/2007	04/07/2007	-	Active	NO
6	U52201DL2007PLC241225	SDC FOODS INDIA LIMITED	Director	06/09/2007	06/09/2007	08/07/2014	Active	NO
7	U63090DL2009PTC189198	AROHAN SERVICES PRIVATE LIMITED	Director	08/04/2009	08/04/2009	19/09/2013	Active	NO
8	U01403DL2009PTC189462	LT AGRI SERVICES PRIVATE LIMITED	Director	17/04/2009	17/04/2009	-	Active	NO
9	U74999DL2009PTC241224	EXPO SERVICES PRIVATE LIMITED	Director	18/12/2009	18/12/2009	-	Active	NO
10	U15139DL2010PLC207824	RAGHUVESH FOODS AND INFRASTRUCTURE LIMITED	Director	03/09/2010	03/09/2010	02/09/2014	Active	NO
11	U67120DL2010PTC211442	RAGHUVESH HOLDINGS PRIVATE LIMITED	Director	15/12/2010	15/12/2010	-	Active	NO
12	U74140DL2011PLC222060	RAGHUVESH POWER PROJECTS LIMITED	Director	07/07/2011	07/07/2011	-	Active	NO
13	U67120DL2011PTC227206	ASV HOLDINGS PRIVATE LIMITED	Director	09/11/2011	09/11/2011	-	Active	NO
14	U70109DL2006PTC151732	BLUE JAY PROPERTIES PRIVATE LIMITED	Additional director	19/06/2013	19/06/2013	-	Active	NO
15	U70109DL2012PTC231990	ONE WORLD REALTECH PRIVATE LIMITED	Additional director	02/07/2013	02/07/2013	-	Active	NO
16	U51909DL2011PTC222196	FRESCO FRUITS N NUTS PRIVATE LIMITED	Director	08/05/2014	08/05/2014	22/09/2014	Active	NO
17	U01403DL2015PTC282966	RAGHUNATH AGRO INDUSTRIES PRIVATE LIMITED	Director	20/07/2015	20/07/2015	-	Active	NO
18	U74999DL2015PTC284471	RAGHUVESH INFRASTRUCTURE PRIVATE LIMITED	-	24/08/2015	24/08/2015	-	Active	NO

Name :

Vijay Kumar Arora

Designation :

Director

Address :

Raghuvesh Villa No. 8,, Kachnar Marg, Dlf City Phase-I, Gurgaon - 122002, Haryana, India

Date of Birth/Age :

16.01.1958

Date of Appointment :

14.05.2005

DIN No.:

00012203

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	U74899DL1999PLC097892	L T INTERNATIONAL LIMITED	Director	12/01/1999	12/01/1999	-	Active	NO
2	L74899DL1990PLC041790	LT FOODS LIMITED	Managing director	29/09/2014	29/09/2004	-	Active	NO
3	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Director	14/05/2005	14/05/2005	-	Active	NO
4	U15134DL2005PLC143017	NATURE BIO-FOODS LIMITED	Director	25/11/2005	25/11/2005	-	Active	NO
5	U72300DL2007PTC162270	L T INFOTECH PRIVATE LIMITED	Director	31/03/2008	19/04/2007	10/07/2015	Active	NO
6	U40300DL2007PTC165512	NATURE BIO-FUEL PRIVATE LIMITED	Director	04/07/2007	04/07/2007	-	Active	NO
7	U52201DL2007PLC241225	SDC FOODS INDIA LIMITED	Director	06/09/2007	06/09/2007	06/07/2011	Active	NO
8	U32204DL2007PTC168410	TRIPLE PLAY BROADBAND PRIVATE LIMITED	Director	19/09/2007	19/09/2007	26/11/2012	Active	NO
9	U01403DL2009PTC189462	LT AGRI SERVICES PRIVATE LIMITED	Director	17/04/2009	17/04/2009	-	Active	NO
10	U15139DL2010PLC207824	RAGHUVESH FOODS & INFRASTRUCTURE LIMITED	Director	03/09/2010	03/09/2010	02/09/2014	Active	NO
11	U67120DL2010PTC211442	RAGHUVESH HOLDINGS PRIVATE LIMITED	Director	15/12/2010	15/12/2010	-	Active	NO
12	U74140DL2011PLC222060	RAGHUVESH POWER PROJECTS LIMITED	Director	07/07/2011	07/07/2011	-	Active	NO
13	U74900DL2011PTC227090	VIJRAN GROUP HOLDINGS PRIVATE LIMITED	Director	05/11/2011	05/11/2011	-	Active	NO
14	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	23/12/2011	23/12/2011	20/12/2013	Active	NO
15	U17289DL2005PTC138368	SUPER TEXFAB PRIVATE LIMITED	Director	12/01/2015	27/03/2012	-	Active	NO
16	U51909DL2011PTC222196	FRESCO FRUITS N NUTS PRIVATE LIMITED	Director	08/05/2014	08/05/2014	-	Active	NO
17	U63000DL2014PTC267604	RAGHUVESH AGRI FOODS PRIVATE LIMITED	Director	20/05/2014	20/05/2014	-	Active	NO
18	U63020DL2014PTC267603	RAGHUVESH WAREHOUSING PRIVATE LIMITED	Director	20/05/2014	20/05/2014	-	Active	NO
19	U74999DL2015PTC284471	RAGHUVESH INFRASTRUCTURE PRIVATE LIMITED	-	24/08/2015	24/08/2015	-	Active	NO

Name :

Ashok Kumar Arora

Designation :

Director

Address :

79b-1, Green Avenue, The Mall Distt, Amritsar - 143001, Punjab, India

Date of Birth/Age :

29.05.1959

Date of Appointment :

30.09.2008

DIN No.:

2259429

PAN No.:

AEPPK9937B

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	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Director	30/09/2008	31/03/2008	-	Active	NO
2	L74899DL1990PLC041790	LT FOODS LIMITED	Managing director	30/09/2010	26/05/2010	01/04/2011	Active	NO
3	U15139DL2010PLC207824	RAGHUVESH FOODS & INFRASTRUCTURE LIMITED	Director	03/09/2010	03/09/2010	-	Active	NO
4	U67120DL2010PTC211442	RAGHUVESH HOLDINGS PRIVATE LIMITED	Director	15/12/2010	15/12/2010	-	Active	NO
5	U67120DL2011PTC227369	ASKAN HOLDINGS PRIVATE LIMITED	Director	14/11/2011	14/11/2011	-	Active	NO
6	U01403DL2015PTC282966	RAGHUNATH AGRO INDUSTRIES PRIVATE LIMITED	Director	20/07/2015	20/07/2015	-	Active	NO
7	U74999DL2015PTC284471	RAGHUVESH INFRASTRUCTURE PRIVATE LIMITED	-	24/08/2015	24/08/2015	-	Active	NO

Name :

Surender Kumar Tuteja

Designation :

Director

Address :

S-307 Iind Floor, Panchsheel Park, New Delhi - 110017, India

Date of Birth/Age :

15.06.1945

Date of Appointment :

30.09.2011

DIN No.:

00594076

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	L50101PB1983PLC005516	SML ISUZU LIMITED	Director	20/06/1998	20/06/1998	-	Active	NO
2	L99999PB1990PLC010307	TRIDENT LIMITED	Director	24/09/2014	25/01/2002	-	Active	NO
3	U01100MH1987PTC042508	T BHIMJYANI WAREHOUSING COLD CHAIN PRIVATE LIMITED	Director	06/08/2004	06/08/2004	-	Active	NO
4	U74999PB2006PLC030716	LOTUS INTEGRATED TEXPARK LIMITED	Director	29/09/2007	20/01/2007	31/03/2008	Active	NO
5	L01542KA1995PLC019046	SHREE RENUKA SUGARS LIMITED	Director	05/01/2008	25/01/2007	-	Active	NO
6	L63090GJ1998PLC034182	ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED	Director	30/07/2007	30/01/2007	12/02/2011	Active	NO
7	U51909KA2007PLC041567	VANTAMURI TRADING AND INVESTMENTS LIMITED	Director	29/09/2007	09/02/2007	10/02/2011	Active	NO
8	L29230KA1953PLC000748	H.M.T. LIMITED	Director	29/09/2007	12/02/2007	12/02/2010	Active	NO
9	U45208PB2007PLC030942	ABHISHEK GLOBAL VENTURES LIMITED	Director	21/07/2008	05/05/2007	16/03/2009	Amalgamated	NO
10	L74899DL1995PLC073281	PPAP AUTOMOTIVE LIMITED	Director	27/09/2008	03/07/2007	11/06/2012	Active	NO
11	U63023DL2007PLC165676	CENTRAL RAILSIDE WAREHOUSE COMPANY LIMITED	Nominee director	01/08/2007	01/08/2007	17/10/2007	Active	NO
12	U65999MH2004PTC144113	PEGASUS ASSETS RECONSTRUCTION PRIVATE LIMITED	Director	03/09/2007	03/09/2007	-	Active	NO
13	L40100GJ1996PLC030533	ADANI POWER LIMITED	Director	25/09/2008	17/09/2007	12/02/2011	Active	NO
14	U51909DL2004PLC126962	SVIL MINES LIMITED	Director	31/12/2008	18/10/2007	24/07/2012	Active	NO
15	U51503DL1986PTC023886	AMBIENCE PRIVATE LIMITED	Additional director	10/01/2008	10/01/2008	30/05/2008	Active	NO
16	U63090GJ2005PLC046510	ADANI LOGISTICS LIMITED	Director	11/08/2008	28/02/2008	-	Amalgamated	NO
17	U17115PB1989PLC009524	SOHRAB SPINNING MILLS LIMITED	Director	30/09/2008	24/06/2008	06/05/2010	Active	NO
18	U74999DL2007PLC277039	INDIAN ENERGY EXCHANGE LIMITED	Director	26/08/2008	26/06/2008	30/03/2012	Active	NO
19	L74999HR2002PLC034805	A2Z INFRA ENGINEERING LIMITED	Director	28/09/2013	25/07/2008	-	Active	NO
20	U63030MH2005PTC152747	NATIONAL BULK HANDLING CORPORATION PRIVATE LIMITED	Director	23/09/2009	18/08/2008	26/08/2011	Active	NO
21	U66020MH2006PLC165039	AXIS PRIVATE EQUITY LIMITED	Director	13/04/2010	25/10/2008	14/08/2014	Active	NO
22	U45204HR2008PLC037877	A2Z POWERCOM LIMITED	Director	30/09/2009	09/05/2009	30/01/2010	Active	NO
23	U45200DL2007PLC160927	A2Z GREEN WASTE MANAGEMENT LIMITED	Director	30/09/2009	09/05/2009	10/07/2010	Active	NO
24	U63090GJ2005PLC046419	ADANI LOGISTICS LIMITED	Director	14/07/2010	18/07/2009	11/08/2014	Active	NO
25	U93000MH2009PTC191700	CAPSTONE CAPITAL SERVICES PRIVATE LIMITED	Director	08/05/2010	02/02/2010	10/02/2011	Active	NO
26	U40108MH2007PTC167396	TOPWORTH ENERGY PRIVATE LIMITED	Director	30/09/2010	20/03/2010	-	Active	NO
27	L31900DL1983PLC016304	HAVELLS INDIA LIMITED	Director	09/07/2014	11/05/2010	-	Active	NO
28	U24231GJ1985PLC007866	INTAS PHARMACEUTICALS LIMITED	Director	12/08/2011	09/02/2011	-	Active	NO
29	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Director	30/09/2011	10/02/2011	-	Active	NO
30	U40102KA2008PLC045442	SHREE RENUKA ENERGY LIMITED	Director	29/09/2011	11/02/2011	-	Amalgamated	NO
31	L51100GJ1993PLC019067	ADANI ENTERPRISES LIMITED	Director	10/08/2011	12/02/2011	-	Active	NO
32	U74120DL2008PTC180485	DEVENIO OPTIMUS ADVISORS PRIVATE LIMITED	Director	02/08/2011	02/08/2011	-	Active	NO
33	U17290PB2010PLC033582	TRIDENT CORPORATION LIMITED	Director	29/09/2012	03/02/2012	-	Amalgamated	NO
34	U70102DL2012PTC233896	DEVENIO OPTIMUS REALITY ADVISORS PRIVATE LIMITED	Director	02/04/2012	02/04/2012	28/05/2014	Active	NO
35	L28999GJ1992PLC018570	GUJARAT FOILS LIMITED	Director	26/09/2012	11/04/2012	29/09/2014	Active	NO
36	L65999DL2006PLC153373	PTC INDIA FINANCIAL SERVICES LIMITED	Director	25/03/2015	10/01/2013	-	Active	NO
37	L74899DL1990PLC041790	LT FOODS LIMITED	Director	23/09/2013	07/02/2013	07/08/2014	Active	NO
38	U74210CH1998PTC022084	NORWEST ESTATES PRIVATE LIMITED	Director	29/04/2013	29/04/2013	-	Active	NO
39	U67190MH1999PLC120866	SIDBI VENTURE CAPITAL LIMITED	Director	11/09/2014	02/08/2013	-	Active	NO
40	U70109CH2014PTC035147	RED CARPET LIVING PRIVATE LIMITED	Director	28/07/2014	28/07/2014	-	Active	NO
41	U74900DL2015PTC279379	RED CARPET RETAIL PRIVATE LIMITED	Director	22/04/2015	22/04/2015	-	Active	NO

Name :

Rajesh Kumar Srivastava

Designation :

Nominee Director

Address :

S-376,Ground Floor,, Panchshila Park, New Delhi - 110017, India

Date of Birth/Age :

20.03.1957

Date of Appointment :

29.09.2010

DIN No.:

00302223

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	U67120MH2003PTC139711	RABO INDIA SECURITIES PRIVATE LIMITED	Managing director	20/01/2007	01/06/2006	06/01/2009	Active	NO
2	U65929HR1998PLC037509	RABO INDIA FINANCE LIMITED	Director	18/07/2008	15/03/2007	15/12/2009	Active	NO
3	U67190DL2006PTC191588	RABO EQUITY ADVISORS PRIVATE LIMITED	Managing director	18/07/2008	21/04/2008	-	Active	NO
4	U24239TG2006PLC050060	SRI BIOTECH LABORATORIES INDIA LIMITED	Director	03/03/2009	02/03/2009	10/11/2015	Active	NO
5	U01110TG1997PTC026890	SRI BIOREMEDIES PRIVATE LIMITED	Director	05/03/2009	04/03/2009	-	Active	NO
6	U15493DL1991PTC205408	ADM AGRO INDUSTRIES KOTA & AKOLA PRIVATE LIMITED	Director	05/11/2009	05/11/2009	16/08/2011	Active	NO
7	L74899DL1990PLC041790	LT FOODS LIMITED	Nominee director	30/09/2010	09/11/2009	-	Active	NO
8	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Nominee director	29/09/2010	29/12/2009	-	Active	NO
9	U02001DL1992PLC047666	GLOBAL GREEN COMPANY LIMITED	Director	30/09/2010	31/03/2010	-	Active	NO
10	U74899UP1993PLC034039	VACMET INDIA LIMITED	Director	12/08/2011	19/08/2010	-	Active	NO
11	U74140MH2004PLC148859	NATIONAL COLLATERAL MANAGEMENT SERVICES LIMITED	Director	25/08/2011	13/06/2011	19/08/2015	Active	NO
12	U01119TG2003PTC041810	SUPER AGRISEEDS PRIVATE LIMITED	Nominee director	30/03/2012	30/03/2012	07/08/2015	Active	NO
13	U15203PN1998PLC013068	PRABHAT DAIRY LIMITED	Additional director	25/09/2015	28/09/2012	-	Active	NO
14	U15200PN2009PTC134859	PRABHAT NUTRITIOUS & FROZEN FOOD INDUSTRIES PRIVATE LIMITED	Nominee director	28/09/2012	28/09/2012	30/09/2013	Amalgamated	NO
15	U01122PN2007PTC129505	SUNFRESH AGRO INDUSTRIES PRIVATE LIMITED	Nominee director	28/09/2012	28/09/2012	09/03/2015	Active	NO
16	U73100KA2005PLC035741	BELOORBAYIR BIOTECH LIMITED	Nominee director	28/03/2014	28/03/2014	-	Active	NO
17	U24111KA1994PTC015193	BAYIR EXTRACTS PRIVATE LIMITED	Nominee director	28/03/2014	28/03/2014	-	Active	NO

Name :

Suneet Gupta

Designation :

Nominee Director

Address :

A-63, Block A,, Defence Colony, New Delhi - 110024, India

Date of Birth/Age :

20.02.1970

Date of Appointment :

29.09.2010

DIN No.:

01653720

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	U67190DL2006PTC191588	RABO EQUITY ADVISORS PRIVATE LIMITED	Director	19/09/2008	19/09/2008	-	Active	NO
2	U24239TG2006PLC050060	SRI BIOTECH LABORATORIES INDIA LIMITED	Director	03/03/2009	02/03/2009	10/11/2015	Active	NO
3	U01110TG1997PTC026890	SRI BIOREMEDIES PRIVATE LIMITED	Director	05/03/2009	04/03/2009	-	Active	NO
4	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Nominee director	29/09/2010	29/12/2009	-	Active	NO
5	L74899DL1990PLC041790	LT FOODS LIMITED	Alternate director	29/01/2010	29/01/2010	26/05/2010	Active	NO
6	U74140MH2004PLC148859	NATIONAL COLLATERAL MANAGEMENT SERVICES LIMITED	Director	25/08/2011	13/06/2011	19/08/2015	Active	NO
7	U15200PN2009PTC134859	PRABHAT NUTRITIOUS & FROZEN FOOD INDUSTRIES PRIVATE LIMITED	Nominee director	28/09/2012	28/09/2012	-	Amalgamated	NO
8	U01122PN2007PTC129505	SUNFRESH AGRO INDUSTRIES PRIVATE LIMITED	Nominee director	28/09/2012	28/09/2012	21/09/2015	Active	NO
9	U15203PN1998PLC013068	PRABHAT DAIRY LIMITED	Nominee director	28/09/2012	28/09/2012	09/03/2015	Active	NO
10	U24111KA1994PTC015193	BAYIR EXTRACTS PRIVATE LIMITED	Nominee director	28/03/2014	28/03/2014	-	Active	NO
11	U73100KA2005PLC035741	BELOORBAYIR BIOTECH LIMITED	Nominee director	28/03/2014	28/03/2014	-	Active	NO

Name :

Rajinder Wadhawan

Designation :

Whole-Time Director

Address :

126,Awas Vikas,Rudarpur,Udham Singh Nagar, Uttranchal, Uttaranchal - 263153, Uttarakhand, India

Date of Birth/Age :

14.07.1965

Date of Appointment :

01.04.20141

DIN No.:

00043476

PAN No.:

AABPW1610P

Other Directorship:

.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	U74991DL2006PTC148837	S R GRAINS (P) LTD	Director	16/05/2006	16/05/2006	-	Active	NO
2	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Whole-time director	01/04/2011	31/03/2008	-	Active	NO

Name :

Pramod Bhagat

Designation :

Director

Address :

Bhagat Pura, Sonepat - 131001, Haryana, India

Date of Birth/Age :

16.10.1951

Date of Appointment :

29.09.2012

DIN No.:

00198092

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	L74899DL1990PLC041790	LT FOODS LIMITED	Director	17/02/2006	17/02/2006	-	Active	NO
2	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Director	29/09/2012	13/08/2012	-	Active	NO

Name :

Parmod Kumar

Designation :

Whole-Time Director

Address :

252/4 Civil Line, Dakshini, Muzaffarnagar - 251002, Uttar Pradesh, India

Date of Birth/Age :

19.02.1959

Date of Appointment :

29.09.2012

DIN No.:

02475571

PAN No.:

AATPG8499A

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	U52201DL2007PLC241225	SDC Foods India Limited	Director	01/08/2013	01/12/2008	-	Active	NO
2	U74999DL2009PTC241224	EXPO SERVICES PRIVATE LIMITED	Director	30/09/2011	31/05/2011	-	Active	NO
3	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Whole-time director	29/09/2012	23/05/2012	-	Active	NO

Name :

Abhiram Seth

Designation :

Nominee Director

Address :

18 Anand Lok, New Delhi - 110049, India

Date of Birth/Age :

09.12.1951

Date of Appointment :

23.05.2010

DIN No.:

00176144

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	U74899DL1995PTC074505	CARDS SERVICES INDIA PRIVATE LIMITED	Director	18/12/1995	18/12/1995	23/05/2012	Active	NO
2	U15419PB1989PTC009114	PEPSI FOODS PRIVATE LIMITED	Director	01/07/1998	01/07/1998	27/03/2008	Amalgamated	NO
3	U01110MH1995PLC091478	ION EXCHANGE ENVIRO FARMS LIMITED	Director	28/07/1999	28/07/1999	-	Active	NO
4	L74899DL1930PLC000208	THE MOTOR AND GENERAL FINANCE LIMITED	Director	29/04/2006	29/04/2006	-	Active	NO
5	U72900DL2000PTC105782	ATS SERVICES PRIVATE LIMITED	Director	30/09/2006	24/06/2006	-	Active	NO
6	U01229DL2007PTC194698	AQUAGRI PROCESSING PRIVATE LIMITED	Managing director	19/03/2010	20/06/2008	-	Active	NO
7	L74999MH1964PLC014258	ION EXCHANGE (INDIA) LIMITED	Director	26/09/2008	25/07/2008	-	Active	NO
8	U01403KA2007PTC042002	DRAKSHA VINEYARDS PRIVATE LIMITED	Director	26/11/2008	26/11/2008	05/12/2009	Active	NO
9	U63090DL2009PTC189198	AROHAN SERVICES PRIVATE LIMITED	Director	08/04/2009	08/04/2009	01/09/2013	Active	NO
10	U73100DL2009PTC189597	APT BIOTECH PRIVATE LIMITED	Director	22/04/2009	22/04/2009	-	Active	NO
11	U45201DL2005PLC133161	EMAAR MGF LAND LIMITED	Director	01/04/2014	28/12/2009	-	Active	NO
12	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Nominee director	23/05/2012	28/01/2010	-	Active	NO
13	U74200MH2011PLC216024	ION EXCHANGE PROJECTS AND ENGINEERING LIMITED	Director	26/09/2012	26/09/2012	-	Active	NO
14	U74300MH1985PTC037210	NETWORK ADVERTISING PVT LTD	Director	12/11/2012	12/11/2012	23/08/2013	Active	NO
15	U01403MH2013PTC240025	AQUAGRI GREENTECH PRIVATE LIMITED	Director	28/01/2013	28/01/2013	-	Active	NO
16	U67120KA1991PTC059126	VISTAAR FINANCIAL SERVICES PRIVATE LIMITED	Director	24/06/2014	19/09/2013	-	Active	NO

Name :

Ranju Arora

Designation :

Director

Address :

807,, Asiad Village, New Delhi -110049, India

Date of Appointment :

26.09.2015

DIN No.:

03436035

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	U74900DL2011PTC227090	VIJRAN GROUP HOLDINGS PRIVATE LIMITED	Director	05/11/2011	05/11/2011	-	Active	NO
2	U15209DL2005PLC135838	DAAWAT FOODS LIMITED	Director	26/09/2015	30/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Anu Pushkarna
Designation :	Secretary
Address :	40 Ajanta Apartments, IP Extension Patparganj, New Delhi - 110092, India
Date of Birth/Age :	01.02.1981
Date of Appointment :	31.03.2008
PAN No:	ALUPP7917L
Name :	Rajinder Wadhawan
Designation :	Chief Finance Officer
Address :	A-15, Fortune Glory, Bawadian Kalan, Bhopal - 462039, Madhya Pradesh, India
Date of Appointment :	02.05.2014
PAN No:	AABPW1610P

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
LT Foods Limited, India	13499994
Vijay Kumar Arora	01
Ashwini Arora	01
Surender Arora	01
Ashok Arora	01
Parvesh Rani	01
Manish Arora	01
India Agri Busienss Fund Limited	5635546
Real Trust	19795
Total	19155341

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

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	29.42
Bodies corporate	70.48
Other top fifty shareholders	0.10
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is primarily in the business of milling, processing and marketing of branded and non-branded basmati rice and manufacturing of rice food products in the domestic and overseas market and integrated business of handling, storage and transportation of food grains. [Registered Activity]

Products :

Item Code No.	Product Description
10063020	RICE

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Not Available

Bankers :

• Oriental Bank of Commerce, Overseas Branch, The Mall, Amritsar - 143001, Punjab, India
• State Bank of India
• Punjab National Bank
• Indusind Bank Limited
• HDFC Bank Limited
• Dena Bank
• Allahabad Bank

Banker Name	ICICI Bank Limited
Branch Address	Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loans from banks	241.977	174.621
Other loans and advances	2.386	7.731
SHORT TERM BORROWING
Working capital loans from banks	2799.040	2094.178
Total	3043.403	2276.530

Auditors :
Name :	Walker Chandiok and Co LLP Chartered Accountants
Address :	21st Floor, DLF Square,Jacaranda Marg ,DL F Phase-II, Gurgaon-122002, Haryana, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFW4298E
Memberships :	Not Available
Collaborators :	Not Available
Holding company:	LT Foods Limited, India
Entities exercising significant influence on the Company:	India Agribusiness Fund Limited, Mauritius
Fellow subsidiaries with whom transaction have been occurred	SDC Foods India Limited, India Nature Bio Foods Limited, India Kusha, Inc., United States Sona Global Limited, Nice International Fze, United Arab Emirates Raghuvesh Foods and Infrastructure Limited, India Lt Foods Usa LLC Lt Foods Middle East DMCC, United Arab Emirates Expo Services Private Limited, India Universal Traders INC, United States. Royal Curry Delights LLC
Subsidiary company:	LT Agri Services Private Limited, India Raghuvesh Power Projects Limited, India
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Raghunath Agro Industries, India

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
24500000	Equity Shares	Rs.10/- each	Rs.245.000 Million
500000	Preference Shares	Rs.10/- each	Rs.5.000 Million
	Total		Rs.250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19155341	Equity Shares	Rs.10/- each	Rs.191.553 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	191.553	191.553	191.553
(b) Reserves & Surplus	816.179	594.311	471.167
(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)	1007.732	785.864	662.720
(3) Non-Current Liabilities
(a) long-term borrowings	244.363	182.352	173.659
(b) Deferred tax liabilities (Net)	6.002	13.500	5.839
(c) Other long term liabilities	0.000	0.000	0.720
(d) long-term provisions	1.972	4.424	1.733
Total Non-current Liabilities (3)	252.337	200.276	181.951
(4) Current Liabilities
(a) Short term borrowings	2799.971	2098.139	1653.714
(b) Trade payables	810.960	330.134	302.878
(c) Other current liabilities	208.909	141.709	162.001
(d) Short-term provisions	52.333	12.527	0.024
Total Current Liabilities (4)	3872.173	2582.509	2118.617
TOTAL	5132.242	3568.649	2963.288
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	642.770	709.625	595.192
(ii) Intangible Assets	0.532	0.638	0.831
(iii) Capital work-in-progress	95.612	23.918	19.534
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	189.545	160.292	134.737
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	37.848	48.783	52.487
(e) Other Non-current assets	14.780	16.799	13.319
Total Non-Current Assets	981.087	960.055	816.100
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3468.151	2047.498	1557.234
(c) Trade receivables	560.775	438.518	510.594
(d) Cash and cash equivalents	33.958	26.353	6.151
(e) Short-term loans and advances	83.972	92.200	68.669
(f) Other current assets	4.299	4.025	4.540
Total Current Assets	4151.155	2608.594	2147.188
TOTAL	5132.242	3568.649	2963.288

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	4872.682	2981.560	2552.294
	Other Income	186.274	146.585	49.374
	TOTAL (A)	5058.956	3128.145	2601.668
Less	EXPENSES
	Cost of Materials Consumed	2903.424	2045.156	1150.385
	Purchases of Stock-in-Trade	840.451	657.686	897.672
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	250.832	-390.761	-107.208
	Employees benefits expense	66.849	50.633	21.424
	Prior period items before tax	0.061	0.826	0.790
	Exceptional items before tax	0.000	0.000	114.936
	Other expenses	363.225	309.073	241.185
	TOTAL (B)	4424.842	2672.613	2319.184
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	634.114	455.532	282.484
Less	FINANCIAL EXPENSES (D)	242.843	200.064	188.206
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	391.271	255.468	94.278
Less/ Add	DEPRECIATION/ AMORTISATION (F)	103.187	105.173	87.143
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	288.084	150.295	7.135
Less	TAX (H)	68.715	27.148	5.103
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	219.369	123.147	2.032
	Earnings / (Loss) Per Share (Rs.)	11.45	6.43	0.11

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	154.163	119.725	146.189
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	(408.636)	(11.087)	287.836

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	4.50	4.13	0.08
Operating Profit Margin (PBIDT/Sales)	(%)	13.01	15.28	11.07
Return on Total Assets (PBT/Total Assets}	(%)	5.94	4.44	0.25
Return on Investment (ROI) (PBT/Networth)		0.29	0.19	0.01
Debt Equity Ratio (Total Debt /Networth)		3.17	3.05	2.98
Current Ratio (Current Asset/Current Liability)		1.07	1.01	1.01

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	191.553	191.553	191.553
Reserves & Surplus	471.167	594.311	816.179
Net worth	662.720	785.864	1007.732
Long-term borrowings	173.659	182.352	244.363
Short term borrowings	1653.714	2098.139	2799.971
Current maturities of long-term debts	146.189	119.725	154.163
Total borrowings	1973.562	2400.216	3198.497
Debt/Equity ratio	2.978	3.054	3.174

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2552.294	2981.560	4872.682
		16.819	63.427

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	2552.294	2981.560	4872.682
Profit	2.032	123.147	219.369
	0.08%	4.13%	4.50%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from A 21 Main Aurobindo Marggreen Park, New Delhi – 110016, India to the present address w.e.f. 22.10.2010

OPERATIONS:

Though the global fiscal environment had a cyclic impact on the Indian economy, causing it to slow down for the third consecutive year, the Indian agriculture story remain intact during 2013-14. During the financial year, company has achieved a turnover of Rs. 48,72.682 Million in the year 2013-2014. There was an overall increase in sales by 19.38% over last year.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Loans and advances from related parties	0.931	3.961
Total	0.931	3.961

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10603170	05/10/2015	160,000,000.00	PUNJAB NATIONAL BANK	NEW MARKET BRANCH, BHOPAL, BHOPAL, MADHYA PRADESH- 462002, INDIA	C70432398
2	10601860	25/06/2015	550,000,000.00	STATE BANK OF INDIA	LHO COMPLEX, HOSHANGABAD ROAD, BHOPAL, MADHYA PRADESH - 462011, INDIA	C69788768
3	10585223	28/05/2015	200,000,000.00	THE SOUTH INDIAN BANK LIMITED	18, PUSA ROAD, OPP. METRO PILLAR NO.94,, KAROL BA  GH,, NEW DELHI, DELHI - 110005, INDIA	C61317822
4	10540618	16/02/2015 *	250,000,000.00	INDUSIND BANK LTD.	2401 GEN THIMMAYYA ROAD, CONTONMENT, PUNE, MAHARASHTRA - 411001, INDIA	C49780182
5	10530437	14/08/2014	2,648,500,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, HOSHANGABAD ROAD, BHOPAL, MADHYA PRADESH - 462011, INDIA	C33125378
6	10494734	29/04/2014	759,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	C04549580
7	10504742	26/03/2014	240,000,000.00	DENA BANK	CORPORATE BUSINESS BRANCH, E-13/29, GROUND FLOOR, HARSHA BHAWAN, NEW DELHI, DELHI - 110001, INDIA	C07872559
8	10477919	11/11/2014 *	573,400,000.00	PUNJAB NATIONAL BANK	7, BHIKAJI CAMA PLACE, DELHI - 110066,  INDIA	C41134297

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
Guarantees	14125.100	12466.100
Other money for which company is contingently liable	53.906	56.287

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Factory equipments

• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment

Intangible assets

• Computer software
• Goodwill

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.67.04
UK Pound	1	Rs.101.67
Euro	1	Rs.73.93

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	GEET

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.