MIRA INFORM REPORT

Report No. :	333218
Report Date :	21.07.2015

IDENTIFICATION DETAILS

Name :	K. N. C. AGRO LIMITED
Registered Office :	Kishore Nagar Bye Pass, Po and Ps : Contai, Purba Medinipur – 721401, West Bengal
Tel. No.:	91-33-24322055
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	06.04.2005
Com. Reg. No.:	21-102657
Capital Investment / Paid-up Capital :	Rs. 199.950 Million
CIN No.: [Company Identification No.]	U01500WB2005PLC102657
IEC No.:	0212008331
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCK6043N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is primarily engaged in processing of Frozen Shrimps.
No. of Employees :	Not Available

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 500000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Rating takes into consideration the sound financial risk profile of the company marked by adequate networth base and low gearing in FY14. Further rating strengthens on account of significant increase in sales turnover and net profit in the year under consideration. However, net profitability seems to be low. Trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of experienced promoters in the sea food industry, the company can be considered for business dealings with 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, 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	Fund Based Limit = BB
Rating Explanation	Inadequate credit quality and high credit risk
Date	March 2014

Rating Agency Name	ICRA
Rating	Non-Fund Based Limit = A4+
Rating Explanation	Minimal degree of safety and very high credit risk
Date	March 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 31-03-2013.

LOCATIONS

Registered Office :	Kishore Nagar Bye Pass, Po and Ps : Contai, Purba Medinipur – 721401, West Bengal, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	sahoo.associates@yahoo.com
City Office :	Unit No. 10, International Sea Food Processing Centre (Benfish Complex), Chakgaria, Kolkata – 700094, West Bengal, India
Tel No.:	91-33-24320462
Fax No.:	91-33-24322055
Processing Plant :	Uttar Sitata, P.O. Pichabani, P.S. Ramnagar, District Purba Medinipur – 72145, West Bengal, India
Tel. No.:	91-3220-234110
E-Mail :	kncagro2012@gmail.com

DIRECTORS

AS ON 30.09.2014

Name :

Tabrej Mir Ali

Designation :

Director

Address :

At+P.o-Kalindi, P.S-Ramnagar, Dist-Purba Medinipur, Contai - 721461, West Bengal, India

Date of Birth/Age :

10.06.1954

Date of Appointment :

06.04.2005

DIN No.:

00847603

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	U05004WB1998PTC087853	NEZAMI REKHA SEA FOODS PRIVATE LIMITED	Director	02/09/1998	02/09/1998	-	Active	NO
2	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	06/04/2005	06/04/2005	-	Active	NO
3	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	28/03/2011	28/03/2011	-	Active	NO
4	U74140WB2010PTC149222	LOVELY INVESTMENT CONSULTANTS PRIVATE LIMITED	Director	20/08/2012	20/08/2012	-	Active	NO

Name :

Mamrej Mir Ali

Designation :

Director

Address :

At+ P.o -Kalindi, P.S-Ramnagar, Dist-Purba Medinipur, Contai, 721461, West Bengal, India

Date of Birth/Age :

11.04.1962

Date of Appointment :

06.04.2005

DIN No.:

00847712

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	U05004WB1998PTC087853	NEZAMI REKHA SEA FOODS PRIVATE LIMITED	Director	02/09/1998	02/09/1998	-	Active	NO
2	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	06/04/2005	06/04/2005	-	Active	NO
3	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	28/03/2011	28/03/2011	-	Active	NO
4	U74140WB2010PTC149222	LOVELY INVESTMENT CONSULTANTS PRIVATE LIMITED	Director	20/08/2012	20/08/2012	07/03/2015	Active	NO
5	U67190WB2008PTC124563	MOON LIGHT FINANCIAL ADVISORY PRIVATE LIMITED	Director	20/08/2012	20/08/2012	07/03/2015	Active	NO

Name :

Mr. Kamrej Mir Ali

Designation :

Director

Address :

At+ P.o- Kalindi, P.S-Ramnagar, Dist-Purba Medinipur, Contai, 721461, West Bengal, India

Date of Birth/Age :

05.07.1964

Date of Appointment :

21.06.2006

DIN No.:

00847777

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	U05004WB1998PTC087853	NEZAMI REKHA SEA FOODS PRIVATE LIMITED	Director	02/09/1998	02/09/1998	-	Active	NO
2	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	21/06/2006	21/06/2006	-	Active	NO
3	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	28/03/2011	28/03/2011	-	Active	NO
4	U67190WB2008PTC124563	MOON LIGHT FINANCIAL ADVISORY PRIVATE LIMITED	Director	20/08/2012	20/08/2012	-	Active	NO

Name :

Piar Mir Ali

Designation :

Director

Address :

At+ P.o -Kalindi, P.S-Ramnagar, Dist-Purba Medinipur, Contai, 721461, West Bengal, India

Date of Birth/Age :

20.09.1977

Date of Appointment :

11.06.2006

DIN No.:

00847843

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	U05004WB1998PTC087853	NEZAMI REKHA SEA FOODS PRIVATE LIMITED	Director	02/09/1998	02/09/1998	-	Active	NO
2	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	11/06/2006	11/06/2006	-	Active	NO
3	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	28/03/2011	28/03/2011	-	Active	NO
4	U51909WB2010PTC148990	LAZIZ DEALTRADE PRIVATE LIMITED	Director	20/08/2012	20/08/2012	-	Active	NO

Name :

Iar Mir Ali

Designation :

Director

Address :

At+ P.o -Kalindi, P.S-Ramnagar, Dist-Purba Medinipur, Contai, 721461, West Bengal, India

Date of Birth/Age :

20.09.1978

Date of Appointment :

11.06.2006

DIN No.:

00847928

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	U05004WB1998PTC087853	NEZAMI REKHA SEA FOODS PRIVATE LIMITED	Director	02/09/1998	02/09/1998	-	Active	NO
2	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	11/06/2006	11/06/2006	-	Active	NO
3	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	28/03/2011	28/03/2011	-	Active	NO
4	U51909WB2010PTC148990	LAZIZ DEALTRADE PRIVATE LIMITED	Director	20/08/2012	20/08/2012	-	Active	NO

Name :

Marjina Bibi

Designation :

Director

Address :

At+P.o -Kalindi, P.S-Ramnagar, Dist-Purba Medinipur, Contai, 721461, West Bengal, India

Date of Birth/Age :

03.04.1979

Date of Appointment :

06.04.2005

DIN No.:

00917082

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	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	06/04/2005	06/04/2005	-	Active	NO
2	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	06/04/2013	06/04/2013	-	Active	NO

Name :

Manoyara Mir

Designation :

Director

Address :

Vill+ Po : Kalindi,, Ramnagar, Purba Medinipur, 721461, West Bengal, India

Date of Appointment :

06.04.2005

DIN No.:

05235203

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	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	06/04/2005	06/04/2005	-	Active	NO
2	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	16/04/2013	16/04/2013	-	Active	NO

Name :

Rehana Bibi

Designation :

Director

Address :

At+ P.o -Kalindi, P.S-Ramnagar, Dist-Purba Medinipur, Contai, 721461, West Bengal, India

Date of Birth/Age :

01.08.1984

Date of Appointment :

06.04.2005

DIN No.:

00917013

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	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	06/04/2005	06/04/2005	-	Active	NO
2	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	16/04/2013	16/04/2013	-	Active	NO

Name :

Jayeda Bibi

Designation :

Director

Address :

Hatabari Taramahal, Po- Contai, Purba Mednipore, Purba Mednipore, 721461, West Bengal, India

Date of Birth/Age :

10.01.1964

Date of Appointment :

10.06.2006

DIN No.:

03349677

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	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	10/06/2006	10/06/2006	-	Active	NO
2	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	16/04/2013	16/04/2013	-	Active	NO

Name :

Gulnehar Bibi

Designation :

Director

Address :

Kalindi, Ramnagar, Ramnagar, 721461, West Bengal, India

Date of Birth/Age :

10.09.1970

Date of Appointment :

10.06.2006

DIN No.:

05235174

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	U01500WB2005PLC102657	K. N. C. AGRO LIMITED	Director	10/06/2006	10/06/2006	-	Active	NO
2	U05001WB2011PTC161292	HEROCKONA SEA FOODS PRIVATE LIMITED	Director	16/04/2013	16/04/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Mir Mamrej Ali	40800
Mir Tabrej Ali	23700
Mir Kamrej Ali	26900
Mir Piar Ali	23400
Mir Iar Ali	27750
Jayeda Bibi	11850
Gulenur Bibi	11850
Manoyara Bibi	11700
Margina Bibi	11650
Rehana Bibi	11900
Mir Mobarak Ali	8000
Moonlight Financial Advisory Private Limited, India	1790000
Total	1999500

AS ON 31.03.2015

Names of Allottees	No. of Shares
Mir Mamrej Ali	12000
Mir Tabrej Ali	8000
Mir Kamrej Ali	8000
Mir Piar Ali	8000
Mir Iar Ali	9000
Jayeda Bibi	8500
Gulenur Bibi	8500
Manoyara Bibi	8500
Margina Bibi	8500
Rehana Bibi	8500
Mir Mobarak Ali	1500
Rumpa Bibi	500
Moon Light Financial Advisory Private Limited	10000
Total	99500

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	10.48
Other top fifty shareholders	89.52
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is primarily engaged in processing of Frozen Shrimps.

Products :

Item Code No.	Product Description
03061320	Sea Fish

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Banker Name	Canara Bank
Branch Address	Overseas Branch, 2/1 Russel Street, Kolkata - 700071, West Bengal, India
Person Name (With Designation)	Not Available
Contact Number	Not Available
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Auditors :
Name :	A.K. Sahoo and Associates Chartered Accountant
Address :	Purba Medinipur, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AXIPS0880M
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	Herockona Sea Foods Private Limited, India [U05001WB2011PTC161292] Nezami Rekha Sea Foods Private Limited, India [U05004WB1998PTC087853]

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000	Equity Shares	Rs.100/- each	Rs. 300.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2099000	Equity Shares	Rs.100/- each	Rs. 209.900 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.100/- each	Rs. 200.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1999500	Equity Shares	Rs.100/- each	Rs. 199.950 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	199.950	150.150	1.200
(b) Reserves & Surplus	9.257	3.167	1.129
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	2.500
Total Shareholders’ Funds (1) + (2)	209.207	153.317	4.829
(3) Non-Current Liabilities
(a) long-term borrowings	93.460	0.160	0.000
(b) Deferred tax liabilities (Net)	0.030	0.024	0.003
(c) Other long term liabilities	28.979	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	122.469	0.184	0.003
(4) Current Liabilities
(a) Short term borrowings	56.100	0.000	0.000
(b) Trade payables	27.669	39.655	0.000
(c) Other current liabilities	2.204	9.840	0.064
(d) Short-term provisions	3.621	0.902	0.436
Total Current Liabilities (4)	89.594	50.397	0.500
TOTAL	421.270	203.898	5.332
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2.833	3.179	1.181
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	319.851	97.881	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	1.519	0.050	0.050
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	324.203	101.110	1.231
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	13.764	4.359	0.000
(c) Trade receivables	32.972	22.550	0.350
(d) Cash and cash equivalents	14.051	6.267	3.301
(e) Short-term loans and advances	36.280	69.612	0.450
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	97.067	102.788	4.101
TOTAL	421.270	203.898	5.332

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	1056.686	348.234	3.166
	Other Income	0.180	0.133	0.103
	TOTAL (A)	1056.866	348.367	3.269
Less	EXPENSES
	Cost of Materials Consumed	7.318	0.000	0.000
	Purchases of Stock-in-Trade	967.002	310.076	2.179
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(9.257)	(4.359)	0.514
	Employees benefits expense	4.595	0.916	0.000
	Other expenses	68.117	36.655	0.476
	TOTAL (B)	1037.775	343.288	3.169
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	19.091	5.079	0.100
Less	FINANCIAL EXPENSES (D)	9.930	1.953	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	9.161	3.126	0.100
Less/ Add	DEPRECIATION/ AMORTISATION (F)	0.347	0.150	0.069
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	8.814	2.976	0.031
Less	TAX (H)	2.724	0.939	-0.121
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	6.090	2.037	0.152
	Earnings / (Loss) Per Share (Rs.)	4.05	1.36	12.74

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.58	0.58	4.80
Operating Profit Margin (PBIDT/Sales)	(%)	1.81	1.46	3.16
Return on Total Assets (PBT/Total Assets}	(%)	8.69	2.81	0.58
Return on Investment (ROI) (PBT/Networth)		0.04	0.02	0.01
Debt Equity Ratio (Total Debt /Networth)		0.71	0.00	0.00
Current Ratio (Current Asset/Current Liability)		1.08	2.04	8.20

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	1.200	150.150	199.950
Reserves & Surplus	1.129	3.167	9.257
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	2.500	0.000	0.000
Net worth	4.829	153.317	209.207
long-term borrowings	0.000	0.160	93.460
Short term borrowings	0.000	0.000	56.100
Total borrowings	0.000	0.160	149.560
Debt/Equity ratio	0.000	0.001	0.715

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	3.166	348.234	1056.686
		10,899.179	203.441

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	3.166	348.234	1056.686
Profit	0.152	2.037	6.090
	4.80%	0.58%	0.58%

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	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
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	No
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 Vill Po Kalindi PS Ramnagar, Purba Medinipur – 721461, West Bengal, India to the present address w.e.f. 04.05.2012

OPERATIONS:

The turnover of the company consists of only export (100% Export oriented) of shrimps (prawn). The company exports frozen shrimp to fulfill the increasing demand for processed prawn in Japan, Vietnam, South Korea, Belgium, USA and other countries. The company achieved revenue from operation of Rs.1056.900 Million during the year in comparison to previous year 2013-14 of Rs.348.400 Million. The company is already registered with Marine Product Export Development Authority and with the Director General of Foreign Trade, Ministry of Commerce Govt. of India.

CORPORATE INFORMATION:

Subject is a Company domiciled in India and incorporated under the provisions of the companies Act, 1956. The Company is primarily engaged in processing of Frozen Shrimps.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Rupee term loans from banks	79.024	0.000
Foreign currency term loans from banks	14.276	0.000
Loans and advances from others	0.160	0.160
SHORT TERM BORROWING
Working capital loans from banks	56.100	0.000
Total	149.560	0.160

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10384736	28/06/2014 *	410,000,000.00	CANARA BANK	OVERSEAS BRANCH, 2/1 RUSSEL STREET, KOLKATA, WEST BENGAL - 700071, INDIA	C15237100

FIXED ASSETS

Tangible assets

• Buildings
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments
• Other equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

No 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. 63.55
UK Pound	1	Rs. 99.10
Euro	1	Rs. 68.83

INFORMATION DETAILS

Analysis Done by :	KIN
Report Prepared by :	KVT/ JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	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	YES
--AFFILIATION	YES/NO	YES
--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.