MIRA INFORM REPORT

Report No. :	339040
Report Date :	03.09.2015

IDENTIFICATION DETAILS

Name :	BHOLE BABA MILK FOOD INDUSTRIES LIMITED
Registered Office :	Flat Nos. 510-512, International Trade Tower, Nehru Place, New Delhi – 110019
Tel. No.:	91-11-46561400
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	14.05.1992
Com. Reg. No.:	55-211572
Capital Investment / Paid-up Capital :	Rs. 312.335 Million
CIN No.: [Company Identification No.]	U15201DL1992PLC211572
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	AGRB11016F
PAN No.: [Permanent Account No.]	AACCB7111J
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of manufacturing and processing of Skimmed Milk, Ghee, Butter, Cream, Milk and Other Milk Products.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Maximum Credit Limit :	USD 4300000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a part of Bhole Baba Group and incorporated during the year 1992. It has a satisfactory track record. For the financial year 2014, the company possesses good operational activity marked by decent sales turnover and good profit earnings. Further, it has strong financial risk profile backed by efficient net worth base along with good gap between trade payables and receivables. The company has healthy liquidity profile and long business track record. Trade relations are reported as fair. Business is active. Payments terms are usually correct. In view of healthy financial risk profile, the company can be considered for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 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	CRISIIL
Rating	Long Term Rating = BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	January 10, 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.

INFORMATION DENIED BY

Name :	Mr. Mukesh Kumar
Designation :	Chief Executive Officer
Contact No.:	91-11-46561400
Date :	28.08.2015

LOCATIONS

Registered Office :	Flat Nos. 510-512, International Trade Tower, Nehru Place, New Delhi – 110019, India
Tel. No.:	91-11-46561400
Fax No.:	Not Available
E-Mail :	mukeshkushwah@bholebaba.co.in
Plants :	Located At: Village Dautana, District Mathura, Uttar Pradesh, India

DIRECTORS

AS ON 30.09.2014

Name :

Virendra Kumar Agarwal

Designation :

Director

Address :

10 Nehru Nagar, Agra – 282002, Uttar Pradesh, India

Date of Birth/Age :

24.07.1977

Date of Appointment :

06.03.1995

DIN No.:

00667248

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	U15201DL1992PLC211572	BHOLE BABA MILK FOOD INDUSTRIES LIMITED	Director	06/03/1995	06/03/1995	-	Active	NO
2	U65929DL1998PTC092522	BHOLESHANKAR FINSEC PRIVATE LIMITED	Director	03/03/1998	03/03/1998	29/03/2014	Active	NO
3	U51398DL2003PTC121239	BHOLE BABA BULLION PRIVATE LIMITED	Director	09/07/2003	09/07/2003	28/03/2014	Active	NO
4	U51909DL2003PTC121240	JAI HARI TRADERS PRIVATE LIMITED	Director	09/07/2003	09/07/2003	-	Active	NO
5	U24233UP2004PTC028660	BHOLE BABA BIOGENICS PRIVATE LIMITED	Director	24/05/2004	24/05/2004	28/03/2014	Active	NO
6	U15209DL2003PLC119571	BHOLE BABA DAIRY INDUSTRIES LIMITED	Director	12/08/2005	12/08/2005	-	Amalgamated	NO
7	U70101UP2005PTC031156	PETALS REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	28/12/2005	28/12/2005	29/01/2015	Active	NO
8	U70101UP2005PTC031170	SHREE KRISHNA DWELLINGS PRIVATE LIMITED	Director	30/12/2005	30/12/2005	29/03/2014	Active	NO
9	U70101UP2005PTC031171	SHREE MAA BHAGWATI DWELLINGS PRIVATE LIMITED	Director	30/12/2005	30/12/2005	05/03/2014	Active	NO
10	U72300UP2006PTC031201	OM HARI INFOSOLUTIONS PRIVATE LIMITED	Director	06/01/2006	06/01/2006	28/03/2014	Active	NO
11	U51909DL2006PTC155853	SHREE ASTHA VINAYAK TRADERS PRIVATE LIMITED	Director	01/04/2008	01/04/2008	27/03/2014	Active	NO
12	U51909DL2009PTC191433	ADISHAKTI FOODS PRIVATE LIMITED	Director	19/06/2009	19/06/2009	28/03/2014	Active	NO
13	U15494DL2009PLC191989	BHOLE BABA DAIRY FOODS LIMITED	Managing director	08/07/2009	07/07/2009	29/03/2014	Active	NO
14	U70101DL2011PTC212554	Hariom Building Solution private limited	Director	29/09/2012	20/01/2011	29/01/2015	Active	NO
15	U70101DL2011PTC218153	RADHEY SHYAM INFRACITY PRIVATE LIMITED	Director	27/04/2011	27/04/2011	28/03/2014	Active	NO
16	U70200UP2011PTC064535	BHOLE BABA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	03/05/2011	03/05/2011	-	Active	NO
17	U70109DL2011PTC218462	OMSHIVA INDUSTRIES PRIVATE LIMITED	Director	03/05/2011	03/05/2011	28/03/2014	Active	NO
18	U70100DL2010PTC211406	DEER BUILDTECH PRIVATE LIMITED	Director	25/09/2013	07/12/2012	28/03/2014	Active	NO
19	U70109DL2010PTC211407	DEER INFRASTRUCTURE PRIVATE LIMITED	Director	25/09/2013	07/12/2012	28/03/2014	Active	NO
20	U70101DL2011PTC218163	SHIVA AWAS NIRMAN PRIVATE LIMITED	Director	25/09/2013	14/12/2012	28/03/2014	Active	NO
21	U45201UP2003PTC027738	DECENT PROMOTERS PRIVATE LIMITED	Director	14/08/2013	01/06/2013	28/03/2014	Active	NO
22	U70101DL2011PTC218171	OM INFRATOWER PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
23	U51909DL2006PTC150157	BHERONATH ENTERPRISES PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/01/2015	Active	NO
24	U70100DL2010PTC205343	SHYAMJI HOTELS AND BUILDCON PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
25	U51909DL2005PTC133948	SHRI VANKHANDI MAHADEV ENTERPRISES PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/01/2015	Active	NO
26	U51909DL2005PTC133942	SHRI ROSHANLAL AGARWAL TRADERS PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/01/2015	Active	NO
27	U72200DL2005PTC133949	MATA NARISEMRI SHRINE INFOSOLUTIONS PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
28	U65993DL1999PTC100031	HARE KRISHNA FINSEC PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
29	U70109DL2011PTC218170	GOLDEN EYE INFRATECH PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
30	U27100DL2010PTC205452	BIHARIJEE IRON AND STEEL PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/01/2015	Active	NO
31	U45400UP2011PTC047388	VRINDA INFRAPROMOTERS PRIVATE LIMITED	Additional director	08/10/2013	08/10/2013	29/03/2014	Active	NO
32	U70102UP2010PTC040776	ATUL INFRADEVELOPERS PRIVATE LIMITED	Director	15/01/2014	15/01/2014	28/03/2014	Active	NO
33	U74120UP2011PTC043747	ALVIVA HOSPITALITY PRIVATE LIMITED	Director	30/09/2014	17/05/2014	-	Active	NO

Name :

Jitendra Agarwal

Designation :

Director

Address :

10 Nehru Nagar, Agra – 282002, Uttar Pradesh, India

Date of Birth/Age :

05.10.1981

Date of Appointment :

06.03.1995

DIN No.:

00724256

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	U15201DL1992PLC211572	BHOLE BABA MILK FOOD INDUSTRIES LIMITED	Director	31/10/1999	31/10/1999	-	Active	NO
2	U74999DL1999PTC100215	BHOLE BABA OVERSEAS PRIVATE LIMITED.	Director	01/12/1999	01/12/1999	28/03/2014	Active	NO
3	U15209DL2003PLC119571	BHOLE BABA DAIRY INDUSTRIES LIMITED	Director	20/05/2005	20/05/2005	-	Amalgamated	NO
4	U70101UP2005PTC031170	SHREE KRISHNA DWELLINGS PRIVATE LIMITED	Director	30/12/2005	30/12/2005	29/03/2014	Active	NO
5	U51909DL2006PTC155854	OMSHIVA TRADERS PRIVATE LIMITED	Director	23/11/2006	23/11/2006	29/01/2015	Active	NO
6	U51909DL2006PTC155853	SHREE ASTHA VINAYAK TRADERS PRIVATE LIMITED	Director	23/06/2007	23/06/2007	29/01/2015	Active	NO
7	U51222DL2009PTC188136	BHAIRABI OVERSEAS PRIVATE LIMITED	Director	03/03/2009	03/03/2009	15/10/2014	Active	NO
8	U51909DL2009PTC191433	ADISHAKTI FOODS PRIVATE LIMITED	Director	19/06/2009	19/06/2009	28/03/2014	Active	NO
9	U15494DL2009PLC191989	BHOLE BABA DAIRY FOODS LIMITED	Director	07/07/2009	07/07/2009	29/03/2014	Active	NO
10	U65993DL1999PTC098846	BHOLE BABA HOLDING PRIVATE LIMITED	Director	29/09/2012	30/04/2010	28/03/2014	Active	NO
11	U51909DL2003PTC121240	JAI HARI TRADERS PRIVATE LIMITED	Director	29/09/2012	17/05/2010	-	Active	NO
12	U70101UP2005PTC031156	PETALS REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	28/09/2012	20/05/2010	29/01/2015	Active	NO
13	U52190DL2006PTC155605	SHREE JAI SHIV SHANKAR TRADERS PRIVATE LIMITED	Director	29/09/2012	20/05/2010	29/01/2015	Active	NO
14	U70101DL2011PTC212554	Hariom Building Solution private limited	Director	29/09/2012	20/01/2011	29/01/2015	Active	NO
15	U70109DL2011PTC218457	KAUTALIYA INFRA CITY PLANNERS PRIVATE LIMITED	Director	03/05/2011	03/05/2011	29/03/2014	Active	NO
16	U70200UP2011PTC064535	BHOLE BABA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	03/05/2011	03/05/2011	-	Active	NO
17	U70101DL2011PTC212181	Stable buildcom private limited	Director	28/09/2013	08/12/2012	29/03/2014	Active	NO
18	U70100DL2010PTC211406	DEER BUILDTECH PRIVATE LIMITED	Director	25/09/2013	18/12/2012	28/03/2014	Active	NO
19	U45201UP2003PTC027738	DECENT PROMOTERS PRIVATE LIMITED	Director	14/08/2013	01/06/2013	28/03/2014	Active	NO
20	U27100DL2010PTC205452	BIHARIJEE IRON AND STEEL PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/01/2015	Active	NO
21	U70101DL2011PTC218171	OM INFRATOWER PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
22	U70100DL2010PTC205343	SHYAMJI HOTELS AND BUILDCON PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
23	U51909DL2006PTC150157	BHERONATH ENTERPRISES PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/01/2015	Active	NO
24	U51909DL2005PTC133948	SHRI VANKHANDI MAHADEV ENTERPRISES PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/01/2015	Active	NO
25	U51909DL2005PTC133942	SHRI ROSHANLAL AGARWAL TRADERS PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/01/2015	Active	NO
26	U72200DL2005PTC133949	MATA NARISEMRI SHRINE INFOSOLUTIONS PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
27	U65993DL1999PTC100031	HARE KRISHNA FINSEC PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
28	U70109DL2011PTC218170	GOLDEN EYE INFRATECH PRIVATE LIMITED	Director	25/09/2013	25/09/2013	29/03/2014	Active	NO
29	U70102UP2010PTC040776	ATUL INFRADEVELOPERS PRIVATE LIMITED	Director	15/01/2014	15/01/2014	-	Active	NO

Name :

Hari Shankar Agarwal

Designation :

Managing Director

Address :

10 Nehru Nagar, Agra – 282002, Uttar Pradesh, India

Date of Birth/Age :

16.08.1953

Date of Appointment :

14.05.1992

DIN No.:

00667290

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	U15201DL1992PLC211572	BHOLE BABA MILK FOOD INDUSTRIES LIMITED	Managing director	14/05/1992	14/05/1992	-	Active	NO
2	U15209DL2003PLC119571	BHOLE BABA DAIRY INDUSTRIES LIMITED	Director	26/03/2003	26/03/2003	-	Amalgamated	NO
3	U51398DL2003PTC121239	BHOLE BABA BULLION PRIVATE LIMITED	Director	09/07/2003	09/07/2003	-	Active	NO
4	U45201DL2004PTC229055	BHOLE BABA MILK FOOD INDUSTRIES (DHOLPUR) PRIVATE LIMITED.	Director	18/05/2004	18/05/2004	31/03/2013	Active	NO
5	U24233UP2004PTC028660	BHOLE BABA BIOGENICS PRIVATE LIMITED	Director	24/05/2004	24/05/2004	28/03/2014	Active	NO
6	U70101UP2005PTC031171	SHREE MAA BHAGWATI DWELLINGS PRIVATE LIMITED	Director	30/12/2005	30/12/2005	05/03/2014	Active	NO
7	U51909DL2006PTC155853	SHREE ASTHA VINAYAK TRADERS PRIVATE LIMITED	Director	23/11/2006	23/11/2006	29/01/2015	Active	NO
8	U51909DL2006PTC155854	OMSHIVA TRADERS PRIVATE LIMITED	Director	23/11/2006	23/11/2006	29/01/2015	Active	NO
9	U70200DL2007PTC169824	DWARIKADEESH INFRATECH PRIVATE LIMITED	Director	02/06/2008	02/06/2008	25/06/2014	Active	NO
10	U15494DL2009PLC191989	BHOLE BABA DAIRY FOODS LIMITED	Director	07/07/2009	07/07/2009	29/03/2014	Active	NO
11	U70200UP2011PTC064535	BHOLE BABA REAL ESTATE DEVELOPERS PRIVATE LIMITED	Director	03/05/2011	03/05/2011	-	Active	NO
12	U45201UP2003PTC027738	DECENT PROMOTERS PRIVATE LIMITED	Director	14/08/2013	01/06/2013	-	Active	NO
13	U45400UP2011PTC047388	VRINDA INFRAPROMOTERS PRIVATE LIMITED	Director	30/09/2014	08/10/2013	-	Active	NO
14	U70102UP2010PTC040776	ATUL INFRADEVELOPERS PRIVATE LIMITED	Director	15/01/2014	15/01/2014	-	Active	NO
15	U70100DL2010PTC205380	ZENITH INFRATECH PRIVATE LIMITED	Director	29/09/2014	17/05/2014	05/12/2014	Active	NO
16	U74120UP2011PTC043747	ALVIVA HOSPITALITY PRIVATE LIMITED	Director	30/09/2014	17/05/2014	-	Active	NO

Name :

Ankit Jain

Designation :

Director

Address :

9/358, Mahadev Gali,, Moti Katra,, Agra – 282003, Uttar Pradesh, India

Date of Birth/Age :

07.08.1983

Date of Appointment :

25.08.2014

DIN No.:

06997559

Name :

Hariom Prasad Sharma

Designation :

Director

Address :

Vill - Jodhpur, P O Repura Jat,, Distt Mathura, Mathura – 281122, Uttar Pradesh, India

Date of Birth/Age :

07.10.1964

Date of Appointment :

25.08.2014

DIN No.:

06997661

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	U15201DL1992PLC211572	BHOLE BABA MILK FOOD INDUSTRIES LIMITED	Director	25/08/2014	25/08/2014	-	Active	NO
2	U72300DL2007PTC170588	BHERO BABA INFOSOLUTIONS PRIVATE LIMITED	Additional director	28/02/2015	28/02/2015	-	Active	NO

Name :

Nikita Agarwal

Designation :

Director

Address :

C-724, New Friends Colony, Delhi – 110025, India

Date of Appointment :

25.08.2014

DIN No.:

06926437

KEY EXECUTIVES

Name :	Mr. Mukesh Kumar
Designation :	Chief Executive Officer
Address :	Flat no. 105, Aparna Garden, Vijay Nagar Colony, Agra – 282004, Uttar Pradesh, India
Date of Appointment :	20.02.2015
PAN No.:	AIHPK6369F
Name :	Sandeep Agarwal
Designation :	Secretary
Address :	15, New Saraswati Nagar, Balkeshwar, Agra – 282004, Uttar Pradesh, India
Date of Appointment :	30.06.2013
PAN No.:	ANRPA4718M

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Hari Shankar Agarwal	3182000
Jitendra Agarwal	1452720
Virendra Kumar Agarwal	1294480
Krishna Murari Lal Agarwal	670000
Nirmala Agarwal	354500
Meena Agarwal	1234000
Krishna Muralilal and Sons (HUF)	323000
Bhole Baba Overseas Private Limited, India	1843000
H S Agarwal and Sons, India	768000
V K Agarwal and Sons, India	220000
Sangeeta Agarwal	848000
Tarun Agarwal	609000
Bholeshankar Finsec Private Limited, India	120000
Bhole Baba Holding Private Limited, India	708000
Hare Krishna Finsec Private Limited, India	528000
Bhole Baba Bullion Private Limited, India	403200
Jai Hari Traders Private Limited, India	1680000
Sitaram Enterprises Private Limited, India	1175400
Shree Astha Vinayak Traders Private Limited, India	4703400
Shree Jai Shiv Shankar Traders Private Limited, India	814800
Omshiva Traders Private Limited, India	720000
Biharjee Iron and Steel Private Limited, India	1172400
Adishakti Overseas Private Limited, India	663600
Bhole Baba Real Estate Developers Private Limited, India	1764000
Total	27251500

AS ON 10.01.2015

Name of Allotee	No. of Shares
Bhole Baba Real Estate Developers Private Limited, India	1112000

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	61.33
Directors or relatives of Directors	38.67
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of manufacturing and processing of Skimmed Milk, Ghee, Butter, Cream, Milk and Other Milk Products.
Products :	Skimmed Milk Ghee Butter Cream Milk and Other Milk Products
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

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

Customers :

Not Divulged

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

No. of Employees :

Information declined by the management

Bankers :

Banker Name	Not Divulged
Branch Address	Not Divulged
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	50.000	153.097
Term loans from others	30.953	30.953
SHORT TERM BORROWING
Working capital loans from banks	3144.960	0.000
Foreign Currency term loans from others	0.000	8988.880
Rupee term loan from others	0.000	1335.680
Total	3225.913	10508.530

Auditors :
Name :	Dileep Kumar Gupta and Company Chartered Accountants
Address :	S-1-B, 2nd Floor, Maruti Plaza, Sanjay Place, Agra – 282002, Uttar Pradesh, India
PAN No.:	AAEFD8538Q
Memberships :	--
Collaborators :	--
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Bhole Baba Dairy (India) Bhole Baba Icefactory and Cold Storage Hari Shanker Agarwal and Sons (HUF)

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
28331500	Equity Shares	Rs.10/- each	Rs. 283.315 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
28331500	Equity Shares	Rs.10/- each	Rs. 283.315 Million

AFTER 30.09.2014

Authorised Capital : Rs. 400.000 Million

Issued, Subscribed & Paid-up Capital : Rs. 312.335 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
40000000	Equity Shares	Rs.10/- each	Rs. 400.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
28331500	Equity Shares	Rs.10/- each	Rs. 283.315 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	283.315	283.315	96.523
(b) Reserves & Surplus	1221.863	1155.988	383.786
(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)	1505.178	1439.303	480.309
(3) Non-Current Liabilities
(a) long-term borrowings	755.703	568.800	1.544
(b) Deferred tax liabilities (Net)	3.584	3.407	4.558
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	759.287	572.207	6.102
(4) Current Liabilities
(a) Short term borrowings	3144.961	2234.560	366.881
(b) Trade payables	13.651	21.199	1.383
(c) Other current liabilities	138.613	212.063	0.000
(d) Short-term provisions	33.795	20.630	4.789
Total Current Liabilities (4)	3331.020	2488.452	373.053
TOTAL	5595.485	4499.962	859.464
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	865.205	885.467	83.667
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	220.467	0.000	0.382
(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	30.638	17.907	11.914
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1116.310	903.374	95.963
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2910.183	2643.638	339.169
(c) Trade receivables	1181.272	685.188	295.968
(d) Cash and cash equivalents	35.914	39.986	10.646
(e) Short-term loans and advances	331.161	220.373	117.718
(f) Other current assets	20.645	7.403	0.000
Total Current Assets	4479.175	3596.588	763.501
TOTAL	5595.485	4499.962	859.464

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	8814.933	7171.029	1915.553
	Other Income	4.814	6.268	1.903
	TOTAL	8819.747	7177.297	1917.456
Less	EXPENSES
	Cost of Materials Consumed	7725.721	6518.325	1549.758
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(281.566)	(480.464)	142.853
	Employees benefits expense	95.019	73.259	22.263
	Other expenses	819.477	626.201	146.992
	TOTAL	8358.651	6737.321	1861.866
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	461.096	439.976	55.590
Less	FINANCIAL EXPENSES	231.524	255.760	32.278
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	229.572	184.216	23.312
Less/ Add	DEPRECIATION/ AMORTISATION	127.983	137.603	12.995
	PROFIT BEFORE TAX	101.589	46.613	10.317
Less	TAX	35.715	15.209	3.718
	PROFIT AFTER TAX	65.874	31.404	6.599
	Earnings Per Share (Rs.)	2.33	1.11	0.23

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 flow from (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.75	0.44	0.34
Operating Profit Margin (PBIDT/Sales)	(%)	5.23	6.14	2.90
Return on Total Assets (PBT/Total Assets}	(%)	1.89	1.04	1.20
Return on Investment (ROI) (PBT/Networth)		0.07	0.03	0.02
Debt Equity Ratio (Total Debt /Networth)		2.59	1.95	0.77
Current Ratio (Current Asset/Current Liability)		1.34	1.45	2.05

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	96.523	283.315	283.315
Reserves & Surplus	383.786	1155.988	1221.863
Share Application money pending allotment	0.000	0.000	0.000
Net worth	480.309	1439.303	1505.178
long-term borrowings	1.544	568.800	755.703
Short term borrowings	366.881	2234.560	3144.961
Current Maturities of Long Term Debt	0.000	0.000	0.000
Total borrowings	368.425	2803.360	3900.664
Debt/Equity ratio	0.767	1.948	2.591

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	1915.553	7171.029	8814.933
		274.358	22.924

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	1915.553	7171.029	8814.933
Profit	6.599	31.404	65.874
	0.34%	0.44%	0.75%

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	Yes
8	Designation of contact person	Yes
9	Promoter’s background	No
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

NOTE: Registered office of the company has been shifted from 602, Madhuban Building, Opposite, Sona Sweets, 55, Nehru Place, New Delhi – 110019, India to the present address w.e.f. 03.02.2014.

UNSECURED LOAN

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Loans and advances from directors	674.750	384.750
Total	674.750	384.750

CORPORATE INFORMATION

Bhole Baba Milk Food Industries Limited Has the registered office at New Delhi and it has been consistently operating since last two decades from the state-of-art plant at village Dautana, Dist. Mathura, Uttar Pradesh. this plant has milk processing capacity of six lacs ltrs per day. M/s Bhole Baba Dairy Industries Limited having its registered office at New Delhi has been amalgameted as per hon'ble high court, delhi dated 07th march, 2013. So the company has two milk processing plants one at Dautana Distt. Mathura (Uttar Pradesh) and second at Aligarh (Uttar Pradesh) and now the company has total capacity of milk processing of twenty six lac litres per day. The final products are casein, whey protein concentrate, lactose, deminirelised whey, skimmed milk powder, full cream milk powder, butter milk powder, ghee and butter, apart from various other permutations and combinations from the before mentioned products.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10554467	03/03/2015 *	270,000,000.00	STATE BANK OF PATIALA	COMMERCIAL BRANCH, 2ND FLOOR, CHANDRALOK BUILDING  , 36, JANPATH , NEW DELHI, Delhi - 110001, INDIA	C51441665
2	10488117	25/06/2015 *	3,950,000,000.00	STATE BANK OF PATIALA	COMMERCIAL BRANCH, 2ND FLOOR, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, Delhi - 110001, INDIA	C62197843
3	10487210	14/03/2014	1,350,000,000.00	STATE BANK OF PATIALA	COMMERCIAL BRANCH, 2ND FLOOR, CHANDRALOK BUILDING, 36, JANPATH, NEW DELHI, Delhi - 110001, INDIA	C01226281
4	10248950	22/02/2012 *	250,000,000.00	STATE BANK OF HYDERABAD	COMMERCIAL BRANCH, 74, JANPATH, NEW DELHI, Delhi - 110001, INDIA	B33882267
5	10137766	01/08/2013 *	370,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B85246346

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and Equipments
• Furniture and Fixture
• Vehicles
• Office 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 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. 66.16
UK Pound	1	Rs. 101.22
Euro	1	Rs. 74.61

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	TRI
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.