MIRA INFORM REPORT

Report No. :	356973
Report Date :	24.12.2015

IDENTIFICATION DETAILS

Name :	SUGUNA FOODS PRIVATE LIMITED (w.e.f. 15.06.2015)
Formerly Known As :	SUGUNA FOODS LIMITED (w.e.f. 28.03.2012) SUGUNA POULTRY FARM LIMITED (w.e.f.01.07.2000) SUGUNA POULTRY FARM PRIVATE LIMITED
Registered Office :	5^th Floor, Jaya Enclave, 1057, Avinashi Road, Coimbatore – 641 018, Tamilnadu
Tel. No.:	91-422-3073000/ 3073100/ 4392503/ 5392504/ 5392505/ 4343000
Country :	India
Financials (as on) :	31.03.2015 (Partial Details)
Date of Incorporation :	23.03.1994
Com. Reg. No.:	18-004951
Capital Investment / Paid-up Capital :	Rs. 428.500 Million
CIN No.: [Company Identification No.]	U01222TZ1994PTC004951
IEC No.:	3295001022
TAN No.: [Tax Deduction & Collection Account No.]	CMBS03633A
PAN No.: [Permanent Account No.]	AADCS0655F
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of poultry farms and hatcheries, poultry feed manufacturing, sale of chicks, birds, eggs, poultry meat product, soya meal and poultry equipments.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is subsidiary of “Suguna Holdings Private Limited”. It is a poultry company in India with a global presence. Its products include suguna heart eggs, suguna home bites, suguna organix, suguna chicken and suguna value added eggs. The ratings continue to derive comfort from Suguna’s dominant position in the domestic broiler market backed by its established brand name and proven track record of the promoters in the poultry and poultry related business along with the favorable long term demand prospects for the domestic poultry industry. Rating also takes into consideration its satisfactory financial profile supported by its sound net worth base and healthy debt coverage indicators. However, rating strength partially offset by susceptibility to highly volatile broiler realizations combined with seasonal nature of demand for the poultry products within India. Further the profitability remains vulnerable to fluctuations in raw material prices (feed price) and exposed to inherent industry risk of disease outbreak (bird flu). Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade term 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	ICRA
Rating	LT Scale – Term Loans (BBB+)
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	December, 2014
Rating Agency Name	ICRA
Rating	ST Scale – Non Fund based facilities (A2)
Rating Explanation	Strong degree of safety and low credit risk.
Date	December, 2014

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.

INFORMATION DECLINED

Management non-cooperative (91-422-3073000)

LOCATIONS

Registered Office / Corporate Office/ Factory :	5^th Floor, Jaya Enclave, 1057, Avinashi Road, Coimbatore - 641 018, Tamilnadu, India
Tel. No.:	91-422-3073000/ 3073100/ 4392503/ 5392504/ 5392505/ 4343000
Fax No.:	91-422-3073333/ 5392507
E-Mail :	corporate@sugunafoods.co.in
Website :	http://www.sugunapoultry.com http://www.sugunafoods.co.in
Area :	8000 sq. ft.
Location :	Owned
Broiler Offices :	Located at: · Hyderabad · Anand · Bengaluru · Pune · Nasik · Punjab · Orissa · Jaipur · Udumalpet · Madurai · Lucknow · Kolkata
Layer Offices :	Located at: · Hyderabad · East Godavari · Hospet · Chitradurga · Pune · Mohali · Nammakkal
Parent Stock	25, Nehru Street Extension, Udumalpet - 642 126, Tamilnadu, India,
Tel. No.:	91-4252-3321661/771/881
E-Mail :	parentstock@sugunapoultry.com
Hatching Eggs Division :	25, Nehru Street Extension, Udumalpet - 642 126, Tamilnadu, India
Tel. No.:	91-4252-3321661/771/881
E-Mail :	hatchingeggs@sugunapoultry.com
Soya Division :	Mauza – Thambhari, Village- Wani, N.H.NO.7 (NGP-HYD Highway), Hinganghat, Wardha (MS) – 442301, Maharashtra, India
Tel. No.:	91-7153-302400
Fax No.:	91-7153-302407
E-Mail :	soyadivision@sugunapoultry.com
Corn Division :	J2/203 Green Wood Regency, Near Wipro Campus, Shajurpur Road, Kai Kondanahalli, Bangalore - 560 035, Karnataka, India
Tel. No.:	91-80-32555231
Fax No.:	91-80-41508915
E-Mail :	corndivision@sugunapoultry.com

DIRECTORS

As on: 31.03.2015

Name :

Mr. Bangarusamy Soundararajan

Designation :

Whole-time director

Address :

No.7, Rain Tree Shire Parsn Sesh Nestle Apartments, Nanjundapuram, Coimbatore – 641 036, Tamilnadu, India

Date of Birth/Age :

12.04.1961

Date of Appointment :

30.10.2012

DIN No.:

00063462

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	U01222TZ1994PTC004951	SUGUNA FOODS Private Limited	Director	30/10/2012	23/03/1994	-	Active	NO
2	U74999MH2002NPL137058	POULTRY PROCESSORS' ASSOCIATION OF INDIA	Director	06/09/2002	06/09/2002	23/10/2013	Active	NO
3	U55101TZ2006PLC012813	FOUR WAY RETAIL LIMITED	Managing director	01/06/2006	01/06/2006	-	Amalgamated	NO
4	U67120TZ2006PTC012976	SUGUNA CAPITAL VENTURES PRIVATE LIMITED	Director	01/08/2006	01/08/2006	-	Active	NO
5	U24231TZ2006PTC013159	GLOBION INDIA PRIVATE LIMITED	Director	18/10/2006	18/10/2006	-	Active	NO
6	U85110TZ2004PTC010914	M AND M MEDICAL CENTRE PRIVATE LIMITED	Director	22/02/2007	22/02/2007	-	Amalgamated	NO
7	U00113TZ1996PTC006877	AMUDHA SURABI AGRO FARM PRIVATE LIMITED	Director	10/05/2007	10/05/2007	-	Amalgamated	NO
8	U00113TZ1995PTC006782	SUGUNA AGRO PRODUCTS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	-	Amalgamated	NO
9	U00113TZ1996PTC006878	CHERAN AGRO FARMS PRIVATE LIMITED	Director	24/09/2007	10/05/2007	-	Amalgamated	NO
10	U00113TZ1996PTC006875	UZHAVAN AGRO FARMS PRIVATE LIMITED	Director	24/09/2007	10/05/2007	-	Amalgamated	NO
11	U00113TZ1996PTC006876	DRIZZLE AGRO FARMS PRIVATE LIMITED	Director	24/09/2007	10/05/2007	-	Amalgamated	NO
12	U65993TZ2008PTC014318	SUGUNA HOLDINGS PRIVATE LIMITED	Managing director	25/09/2012	19/03/2008	-	Active	NO
13	U24239TZ2012PTC017981	BOVIAN HEALTH CARE PRIVATE LIMITED	Director	05/03/2012	05/03/2012	-	Active	NO
14	U74999TZ2012PTC018405	SUGUNA POULTRY PRIVATE LIMITED	Director	20/06/2012	20/06/2012	-	Active	NO
15	L01542TZ1985PLC001706	RAJSHREE SUGARS & CHEMICALS LIMITED	Director	12/08/2013	05/11/2012	19/11/2013	Active	NO
16	U65921TZ2013PTC019647	SUGUNA FINCORP PRIVATE LIMITED	Director	03/07/2013	03/07/2013	-	Active	NO
17	U74140MH2004PLC148859	NATIONAL COLLATERAL MANAGEMENT SERVICES LIMITED	Nominee director	30/09/2014	04/12/2013	19/08/2015	Active	NO

Name :

Mr. Ganapathypalayam Bangarusamy Soundararajan

Designation :

Managing Director

Address :

Site No.4, East End, Kallimadai Road, Singanallur, Coimbatore – 641 005, Tamilnadu, India

Date of Birth/Age :

12.04.1963

Qualification :

School Level

Date of Appointment :

02.05.2011

DIN No.:

00062984

Other Directorship :

10	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	U00113TZ1996PTC007442	SUGUNA FARMS PRIVATE LIMITED	Director	06/09/1996	06/09/1996	-	Amalgamated	NO
2	U01222TZ1994PTC004951	SUGUNA FOODS Private Limited	Managing director	02/05/2011	23/04/2003	-	Active	NO
3	U55101TZ2006PLC012813	FOUR WAY RETAIL LIMITED	Director	01/06/2006	01/06/2006	-	Amalgamated	NO
4	U67120TZ2006PTC012976	SUGUNA CAPITAL VENTURES PRIVATE LIMITED	Director	01/08/2006	01/08/2006	-	Active	NO
5	U24231TZ2006PTC013159	GLOBION INDIA PRIVATE LIMITED	Director	18/10/2006	18/10/2006	04/08/2010	Active	NO
6	U85110TZ2004PTC010914	M AND M MEDICAL CENTRE PRIVATE LIMITED	Director	22/02/2007	22/02/2007	-	Amalgamated	NO
7	U00113TZ1996PTC006876	DRIZZLE AGRO FARMS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	-	Amalgamated	NO
8	U00113TZ1995PTC006782	SUGUNA AGRO PRODUCTS PRIVATE LIMITED	Director	10/05/2007	10/05/2007	-	Amalgamated	NO
9	U00113TZ1996PTC006877	AMUDHA SURABI AGRO FARM PRIVATE LIMITED	Director	24/09/2007	10/05/2007	-	Amalgamated	NO
10	U00113TZ1996PTC006878	CHERAN AGRO FARMS PRIVATE LIMITED	Director	24/09/2007	10/05/2007	-	Amalgamated	NO
11	U00113TZ1996PTC006875	UZHAVAN AGRO FARMS PRIVATE LIMITED	Director	24/09/2007	10/05/2007	-	Amalgamated	NO
12	U65993TZ2008PTC014318	SUGUNA HOLDINGS PRIVATE LIMITED	Director	19/03/2008	19/03/2008	-	Active	NO
13	U24239TZ2012PTC017981	BOVIAN HEALTH CARE PRIVATE LIMITED	Director	05/03/2012	05/03/2012	25/06/2013	Active	NO
14	U74999TZ2012PTC018405	SUGUNA POULTRY PRIVATE LIMITED	Director	20/06/2012	20/06/2012	-	Active	NO
15	U65921TZ2013PTC019647	SUGUNA FINCORP PRIVATE LIMITED	Director	03/07/2013	03/07/2013	-	Active	NO

Name :

Mr. Koyambedu Subramani Ramesh

Designation :

Director

Address :

No.3, Cedar Wood Apartments, Flat No.11, 4^th Main Road, Ra Puram, Chennai – 600 028, Tamilnadu, India

Date of Birth/Age :

13.08.1951

Qualification :

MBA

Date of Appointment :

18.07.2015

DIN No.:

01259495

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	U01222TZ1994PTC004951	SUGUNA FOODS Private Limited	Director	18/07/2015	15/07/2006	-	Active	NO
2	U55101TZ2006PLC012813	FOUR WAY RETAIL LIMITED	Director	22/06/2007	22/06/2007	13/03/2008	Amalgamated	NO

Name :

Mr. Srikanth Srinivasan

Designation :

Director

Address :

No.277, 6th BMN, HMT LYT, RT Nagar, Bangalore - 560032, Karnataka, India

Date of Birth/Age :

03.04.1972

Date of Appointment :

18.07.2015

DIN No.:

00084104

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	U74140KA1998PTC023450	JCSS CONSULTING PRIVATE LIMITED	Director	27/07/2000	27/07/2000	-	Active	NO
2	U31200KA1990FTC010883	POLYHYDRON SYSTEMS PRIVATE LIMITED	Nominee director	02/08/2010	20/02/2001	09/02/2011	Active	NO
3	U72200KA2007PTC041464	VANU INDIA PRIVATE LIMITED	Director	11/01/2007	11/01/2007	13/09/2007	Active	NO
4	U93000KA2007PTC044321	JCSS CrestLaw Private Limited	Director	19/11/2007	19/11/2007	-	Active	NO
5	U45201HR2008PTC057129	Opus International India Private Limited	Director	18/07/2008	18/07/2008	29/09/2008	Active	NO
6	U74900KA2008PTC048694	J.Logicom India Private Limited	Director	24/12/2008	24/12/2008	13/05/2009	Active	NO
7	U27310TN2010PTC077857	Techno Steel Processing India Private Limited	Director	28/10/2010	28/10/2010	03/11/2010	Under liquidation	NO
8	U29253DN2010FTC000436	Tsubaki Hoover India Private Limited	Director	16/12/2010	16/12/2010	29/05/2011	Active	NO
9	U74999TN2011PTC080977	JCSS CONSULTING INDIA PRIVATE LIMITED	Director	08/06/2011	08/06/2011	-	Active	NO
10	U13200KA2012PTC063149	HYBON INPROTEC Private Limited	Director	21/03/2012	21/03/2012	06/04/2012	Strike off	NO
11	U34202KA2012PTC063877	KAWASAKI-MK Industries India Private Limited	Director	07/05/2012	07/05/2012	01/06/2012	Active	NO
12	U51109KA2012FTC066010	COMINIX INDIA PRIVATE LIMITED	Director	25/09/2012	25/09/2012	01/11/2012	Active	NO
13	U92412KA2012PTC066358	SFERA STUDIOS INDIA PRIVATE LIMITED	Director	18/10/2012	18/10/2012	22/01/2013	Active	NO
14	U74900KA2013PTC069529	Varistha Strategic Sourcing Private Limited	Director	05/06/2013	05/06/2013	-	Active	NO
15	U74140TN2013PTC093372	JCSS MANAGEMENT CONSULTING PRIVATE LIMITED	Director	17/10/2013	17/10/2013	-	Active	NO
16	U63040KA2014PTC074914	TT BHARAT INTEGRATED LOGISTICS PRIVATE LIMITED	Director	18/06/2014	18/06/2014	28/06/2014	Active	NO
17	U28111KA2014PTC074964	TT STEEL SERVICE INDIA PRIVATE LIMITED	Director	20/06/2014	20/06/2014	28/06/2014	Active	NO
18	U01222TZ1994PTC004951	SUGUNA FOODS Private Limited	Director	18/07/2015	14/07/2014	-	Active	NO
19	AAB-5383	ASPIRE GLOBAL CONSULTING LLP	Designated Partner	21/05/2013	21/05/2013	26/06/2013	Active	NO
20	AAB-5383	ASPIRE GLOBAL CONSULTING LLP	Body corporate as Designated Partner	27/06/2013	27/06/2013	26/06/2013	Active	NO

Name :

Mr. Selvam

Designation :

Whole-Time Director

Address :

422C, Gandhipuram, Udumalpet - 642126, Tamil Nadu, India

Date of Birth/Age :

02.04.1964

Date of Appointment :

06.07.2013

DIN No.:

06584392

Name :

Mr. Deenadayalan Singaram

Designation :

Director

Address :

E 603, Sterling Terraces, Banasankari, 3rd Stage, 5th Block, Bangalore - 560085, Karnataka, India

Date of Birth/Age :

11.06.1951

Date of Appointment :

18.07.2015

DIN No.:

01951620

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	U74140TN1999PTC043758	CENTRE FOR EXCELLENCE IN ORGANIZATION PRIVATE LIMITED	Managing director	15/12/2003	15/12/2003	-	Active	NO
2	U74910TN2003PTC052153	Career Tree HR Solutions Private Limited	Director	15/12/2003	15/12/2003	12/03/2015	Active	NO
3	L70109TN2000PLC044664	SANMIT INFRA LIMITED	Director	31/12/2003	31/12/2003	31/01/2008	Active	NO
4	U74910TN2005PTC055694	SYNERGY PEOPLE SOLUTIONS PRIVATE LIMITED	Director	18/03/2005	18/03/2005	12/01/2015	Dormant	NO
5	U72200TN2006PTC060247	CEO INFOTECH PRIVATE LIMITED	Director	16/06/2006	16/06/2006	-	Active	NO
6	U80903TN2010PTC076682	ENHANCE ACADEMY (INDIA) PRIVATE LIMITED	Director	22/07/2010	22/07/2010	27/01/2014	Active	NO
7	U80902TN2013PTC091417	CEO SKILL FOUNDATIONS PRIVATE LIMITED	Director	19/08/2013	19/08/2013	-	Active	NO
8	U01222TZ1994PTC004951	SUGUNA FOODS Private Limited	Director	18/07/2015	14/07/2014	-	Active	NO

Name :

Sundararajan Sathya

Designation :

Whole-Time Director

Address :

Site No.4, East End, Kallimadai Road, Coimbatore South, Singanallur, Coimbatore-641005, TamilNadu, India

Date of Appointment :

24.03.2015

DIN No.:

02959899

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	U65993TZ2008PTC014318	SUGUNA HOLDINGS PRIVATE LIMITED	Additional director	08/03/2010	08/03/2010	31/05/2010	Active	NO
2	U01222TZ1994PTC004951	SUGUNA FOODS Private Limited	Whole-time director	24/03/2015	24/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Kannan Subramanian
Designation :	Chief Finance Officer
Address :	3TA, Jain Sri Venkateshwara Apartments, Ramanujam Nagar, Kamarajar Road, Coimbatore - 641015, Tamil Nadu, India
Date of Appointment :	24.09.2014
PAN No.:	AJLPK2137N
Name :	Mr. Karthikeyan V
Designation :	Company Secretary
Address :	No.5C, Periyar Street, 4th Cross, Ramakrishnapuram, Ganapathy, Coimbatore - 641006, Tamil Nadu, India
Date of Birth/Age :	29.02.1980
Date of Appointment :	17.08.2012
PAN No.:	AVBPK9518K
Name :	Mr. Nagarjun
Designation :	Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 11.08.2014

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on: 11.08.2014

Category	Percentage
Bodies corporate	99.42
Directors or relatives of Directors	0.07
Others	0.51
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of poultry farms and hatcheries, poultry feed manufacturing, sale of chicks, birds, eggs, poultry meat product, soya meal and poultry equipments.

Products :

Item Code No.	Product Description
01051100	Live Poultry
23099090	Poultry Feed
04070010	Egg
12081000	Soya Meal
02071200	Meat

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 :

Information declined by the management

Bankers :

Bank Name	IDBI Bank Limited
Branch	D. Mo. 72, Auf;Pwer, E, Castle, Dr. Nalasundram Road, ATT Colony, Coimbatore – 641018, Tamilnadu, 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

• Corporation Bank, Industrial Finance Branch, 1604, Trichy Road, Coimbatore- 641018, Tamilnadu, India
• Export - Import Bank of India, Floor 21, Centre One Building, World Trade Centre, Cuffee Parade, Mumbai- 400005, Maharashtra, India

• Axis Bank Limited, "Vigneshhwar Cresta",1095, Avinashi Road, Pappanaickenpalayam, Coimbatore – 641 018, Tamilnadu, India
• ING Vysya Bank Limited, 219, Arunachalam Road, R.S. Puram, Coimbatore - 641002, Tamilnadu, India
• ICICI Bank Limited, Cheran Plaza, I Floor Coimbatore – 641018, Tamilnadu, India
• Axis Bank Limited No.1133,1135 and 1136, Avinashi Road, P. N. Palayam, Coimbatore - 641037, Tamilnadu, India

Facilities :

(Rs. In Million)

Secured Loan	As on 31.03.2014	As on 31.03.2013
Long-term borrowings
Rupee term loans from banks (The term loans are primarily secured by the first charge created on the land and buildings, plant and machinery and pari-passu second charge on the existing and future current assets of the company.)	1709.800	1580.600
Short-term borrowings
Working capital loans from banks Inventory and Receivables	6693.400	5227.400
Total	8403.200	6808.000

Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	Shanmuga Mandaram, 41, Race Course Road, Coimbator - 641 018, Tamilnadu, India
PAN No.:	AACFD3771D
Memberships :	Not Available
Collaborators :	Not Available
Holding company (As on 31.03.2014) :	Suguna Holdings Private Limited
Wholly owned subsidiary (As on 31.03.2014) :	Ocean Feeds Private Limited, Srilanka
Enterprises significantly influenced by directors and / or their relatives (As on 31.03.2014) :	Suguna Foundation Suguna Capital Ventures Private Limited Globion India Private Limited Aminovit Private Limited, Srilanka Bovian Healthcare Private Limited Suguna Foods and Feeds Bangladesh Private Limited, Bangladesh

CAPITAL STRUCTURE

After 11.08.2014

Authorized Capital: Rs. 610.000 Million

Issued, Subscribed & Paid-up Capital: Rs. 349.647 Million

As on 11.08.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
34000000	Equity Shares	Rs.10/- each	Rs.340.000 Million
900000	Preference Shares	Rs.300/- each	Rs.270.000 Million
	Total		Rs.610.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
16360036	Equity Shares	Rs.10/- each	Rs.163.600 Million
883315	Preference Shares	Rs.300/- each	Rs.264.994 Million
	Total		Rs.428.594 Million

FINANCIAL DATA

[all figures are in Rupees Million]

(PARTIAL DETAILS)

FINANCIAL POSITION

Particular	31.03.2015
Share capital	349.574
Reserves and surplus	5868.020
Long-term borrowings	1356.239
Gross fixed assets	9348.445
Net fixed assets	6177.252
Current assets	14675.408
Current liabilities	13146.842
Net current assets	1528.566
Capital employed	8039.983
Net worth	6217.595
Value added of company	3499.983
Net revenue from operations of company	54781.997
Profit before tax	412.425

VALUE ADDITION AND DISTRIBUTION OF EARNINGS

Particular	31.03.2015
Gross revenue from operations of company	54787.777
Excise and other duties of company	5.777
Net revenue from operations of company for value addition	54782.000
Export incentives of company	0.000
Adjustments in work-in-progress and finished stocks of company	1363.000
Cost of materials consumed of company	44752.045
Cost of process materials or chemicals of company	0.000
Cost of stores and spares consumed of company	191.772
Cost of utilities of company	697.388
Cost of other bought out inputs of company	7003.812
Total cost of bought out inputs of company	52645.017
Value added of company	3499.983
Other incomes of company	20.100
Extraordinary income	0.000
Earnings available for distribution	3520.083
To employees as salaries, wages, retirement benefits and others	1379.666
To shareholders as dividend	0.000
Funds retained by company	913.504
To government as taxes	43.113
Extraordinary expenses	0.000
Other distribution of earnings	1183.800
Total distribution of earnings	3520.083

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	428.500	321.400	386.800
(b) Reserves & Surplus	5893.000	5750.700	5410.400
(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)	6321.500	6072.100	5797.200
(3) Non-Current Liabilities
(a) long-term borrowings	1709.800	1580.600	1569.800
(b) Deferred tax liabilities (Net)	717.900	664.900	580.300
(c) Other long term liabilities	24.300	19.300	14.800
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	2452.000	2264.800	2164.900
(4) Current Liabilities
(a) Short term borrowings	8002.500	6609.100	6723.900
(b) Trade payables	2789.800	2255.100	1181.300
(c) Other current liabilities	1101.400	916.500	847.400
(d) Short-term provisions	12.700	7.700	29.900
Total Current Liabilities (4)	11906.400	9788.400	8782.500
TOTAL	20679.900	18125.300	16744.600
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	6653.400	6224.200	6067.700
(ii) Intangible Assets	49.700	32.400	12.300
(iii) Capital work-in-progress	19.400	388.500	321.900
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	10.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	308.500	302.600	325.700
(e) Other Non-current assets	0.000	0.400	1.700
Total Non-Current Assets	7031.000	6948.100	6739.300
(2) Current assets
(a) Current investments	16.200	16.200	31.200
(b) Inventories	12534.500	9948.900	9074.300
(c) Trade receivables	303.600	325.700	216.500
(d) Cash and cash equivalents	642.200	690.400	451.200
(e) Short-term loans and advances	147.200	184.800	221.200
(f) Other current assets	5.200	11.200	10.900
Total Current Assets	13648.900	11177.200	10005.300
TOTAL	20679.900	18125.300	16744.600

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operation	51365.600	48489.800	42249.500
		Other Income	22.500	23.200	526.000
		TOTAL (A)	51388.100	48513.000	42775.500
Less	EXPENSES
		Cost of Materials Consumed	43410.600	41696.300	34474.600
		Purchases of Stock-in-Trade	137.700	107.600	105.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(2321.000)	(2591.300)	(1122.200)
		Employees benefits expense	1191.100	1165.000	1090.800
		Other expenses	7158.300	6482.200	5939.000
		TOTAL (B)	49576.700	46859.800	40487.200
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1811.400	1653.200	2288.300
Less	FINANCIAL EXPENSES (D)		1018.100	957.000	793.200
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		793.300	696.200	1495.100
Less/ Add	DEPRECIATION/ AMORTISATION (F)		489.900	473.700	457.300
	PROFIT BEFORE TAX (E-F) (G)		303.400	222.500	1037.800
Less	TAX (H)		118.200	148.800	242.300
	PROFIT AFTER TAX (G-H) (I)		185.200	73.700	795.500
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		4280.400	4285.600	3590.500
Less	APPROPRIATIONS
		Transfer to General Reserve	0.000	0.000	77.200
		Capital Redemption Reserve	78.900	78.900	0.000
		Dividend for redeemable preference share	0.000	0.000	20.000
	BALANCE CARRIED TO THE B/S		4386.700	4280.400	4285.600
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	634.200	940.300	0.000
	TOTAL EARNINGS		634.200	940.300	0.000
	IMPORTS
		Raw Materials	2449.500	2646.800	0.000
		Components and Stores parts	138.700	83.700	0.000
		Capital Goods	47.500	101.000	0.000
	TOTAL IMPORTS		2635.700	2831.500	0.000
	Earnings Per Share (Rs.)		11.11	4.02	51.85

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	888.100	703.800	635.700
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operation	(303.100)	1752.700	(859.700)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.36	0.15	1.88
Operating Profit Margin (PBIDT/Sales)	(%)	3.53	3.41	5.42
Return on Total Assets (PBT/Total Assets}	(%)	1.47	1.25	6.32
Return on Investment (ROI) (PBT/Networth)		0.05	0.04	0.18
Debt Equity Ratio (Total Debt /Networth)		1.68	1.46	1.54
Current Ratio (Current Asset/Current Liability)		1.15	1.14	1.14

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	386.800	321.400	428.500
Reserves & Surplus	5410.400	5750.700	5893.000
Net worth	5797.200	6072.100	6321.500
long-term borrowings	1569.800	1580.600	1709.800
Short term borrowings	6723.900	6609.100	8002.500
Current maturities of long-term debts	635.700	703.800	888.100
Total borrowings	8929.400	8893.500	10600.400
Debt/Equity ratio	1.540	1.465	1.677

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)
Revenue from Operation	42249.500	48489.800	51365.600
		14.770	5.931

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Revenue from Operation	42249.500	48489.800	51365.600
Profit	795.500	73.700	185.200
	1.88%	0.15%	0.36%

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	No
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

PERFORMANCE REVIEW:

The Company had achieved a turnover of Rs. 51394.100 Million during the financial year from 1st April, 2013 to 31st March, 2014. This shows an increase of Rs. 2878.400 Million over the achieved turnover of Rs. 48513.000 Million for the previous period 1st April 2012 to 31st March 2013.

Profit after tax, including exceptional item, for the period was Rs. 188.500 Million as against Rs. 73.700 Million for the previous period 01st April 2012 to 31st March 2013.

GENERAL INFORMATION:

The Company was incorporated on March 23, 1994 as a private limited company in the name of Suguna Poultry Farm Private Limited. On July 1, 2000, the company was converted into a public limited company and the name was changed to Suguna Poultry Farm Limited. Subsequently with effect from March 28, 2012, the name of the company was changed to Suguna Foods Limited. The Company is public unlisted closely held company. The company is engaged in the business of poultry farms and hatcheries, poultry feed manufacturing, sale of chicks, birds, eggs, poultry meat product, soya meal and poultry equipments.

UNSECUTED LOAN

(Rs. In Million)

Particular	As on 31.03.2014	As on 31.03.2013
Short-term borrowings
Loans repayable on demand	1306.600	1250.000
Loans and advances from related parties	2.500	131.700
Total	1309.100	1381.700

INDEX OF CAHREGS:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10589415	07/09/2015	600,000,000.00	Corporation Bank	Industrial Finance Branch, 1604, Trichy Road, Coimbatore, Tamilnadu - 641018, INDIA	C63424485
2	10568640	11/05/2015	155,500,000.00	EXPORT - IMPORT BANK OF INDIA	FLOOR 21, CENTRE ONE BUILDING, WORLD TRADE CENTRE, CUFFEE PARADE, MUMBAI, Maharashtra - 400005, INDIA	C53268405
3	10569425	11/05/2015	225,200,000.00	Oriental Bank Of Commerce	1057 Jaya Enclave, Avinashi Road, Coimbatore, Tamil Nadu - 641018, INDIA	C53639944
4	10528394	16/10/2014	67,500,000.00	Axis Bank Limited	No; 1133,1135-1136, Avinashi Road, P N Palayam, Coimbatore, Tamil Nadu - 641037, INDIA	C31754856
5	10515817	26/09/2015 *	1,000,000,000.00	Union Bank of India	2012, Trichy Road,, Opposite to Rajalakshmi Mills, Singanallur, Coimbatore, Tamilnadu - 641005, INDIA	C65197279
6	10505832	22/08/2014 *	500,000,000.00	ING Vysya Bank Limited	ING Vysya House,, 22,M.G.Road,, Bangalore, Karnataka - 560001, INDIA	C32159923
7	10471051	17/12/2013	800,000,000.00	IDBI BANK LIMITED	No.93-95 , Prasad Chambers, East Arokiyasamy Road ,R.S Puram, Coimbatore, Tamil Nadu - 641002, INDIA	B93837722
8	10370805	27/06/2012	700,000,000.00	IDBI BANK LIMITED	72, MAY FLOWER "E" CASTLE, DR.BALASUNDRAM ROAD, OFF AVINASHI ROAD, ATT.COLONY, COIMBATORE, Tamilnadu - 641018, INDIA	B45733169
9	10333404	06/08/2012 *	178,000,000.00	AXIS BANK LIMITED	No.1095,Vigneshwar Cresta,, Avinashi Road,, P N Palayam,, Coimbatore, Tamil Nadu - 641037, INDIA	B58166208
10	10206899	02/03/2010	1,000,000,000.00	Central Bank of India	830, Cross-cut Road,, Gandhipuram, Coimbatore, Tamil Nadu - 641012, INDIA	A80808587

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014
Claims against company not acknowledged as debt	18.700
Other money for which company is contingently liable	52.800
Total	71.500

FIXED ASSETS

Tangible Assets

• Land
• Building
• Plant and Machinery
• Furniture and Fittings
• Computer and
• Accessories
• Vehicles
• Agri Equipments

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.66.20
UK Pound	1	Rs.98.29
Euro	1	Rs.72.41

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	KAR
Report Prepared by :	JYTK

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	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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		49

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.