Trust Stamp for MAAGRITA EXPORTS LIMITED


	MAAGRITA EXPORTS LIMITED

Registered Office

Address :	New No. 128, Old No. 26, Halls Road, Kilpauk, Chennai 600 010, Tamilnadu, India
Tel. No.:	91-44-26441622/ 26602103
Fax No.:	91-44-26441641
Area :	3000 sq. ft.
Location :	Leased

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SUMMARY

Incorporated	2004/04/20
Registration No.	18-53001
No. of Employees	Around 275 [In Office 25 and In Factory 250] As said by Mr. Edward, during season the number of employees should be double and work goes in two shifts.
Line of Business	Manufacturers and Exporters of Fresh Fruits, Fresh Vegetables and Processed Products.

Status

Company is a well established concern with fair Trade relations. Business is active.

Payments

Slow

Litigation

Clear

Auditors

Name :	K Sundaram and Narayan, Chartered Accountants
Address :	18, Balaiah Avenue, Chennai 600 004, Tamilnadu, India
Name :	Mr. Meenatchi Sundaram, Chartered Accountants
Address :	18, Balaiah Avenue, Chennai 600 004, Tamilnadu, India

FACTORY WAREHOUSE

Factory :	No. 45, SIPCOT, Nilakottai Industrial Complex, Pallapati Post, National Highway 7, Dindigul 624 201, Tamilnadu, India
Tel. No.:	91-4543-291228
Area :	8.5 acres
Location :	Owned

LEGAL FORM

A Closely Held Public Limited Liability Company

DIRECTORS

DIRECTORS
Name : Mr. Paul Pandian
Designation : Chairman and Managing Director
Address : 6807, Wander Place, Dallas, Texas 75230 USA
Date of Birth/Age : 1938/06/07
Qualification : M.S. in Engineering from the Syracuse University and an MBA from the Wharton School, University of Pennsylvania
Date of Appointment : 2004/04/20
Name : Dr. R. Irulappan
Designation : Director
Address : No. 76, Max Worth Nagar, Phase 1, Chennai 602 101, Tamilnadu, India
Date of Birth/Age : 1941/05/30
Date of Appointment : 2004/04/20
Date of Ceasing : 2006/06/01
Name : Mr. Divakar R. Kamath
Designation : Director
Address : 2435, North Central Expressway, Suite 200, Richardson, Texas 75080 USA
Date of Birth/Age : 1947/05/09
Date of Appointment : 2004/04/20
Name : Mr. P. Ramachandran
Designation : Whole Time Director
Address : 3/ 514, Guru Peetam Street, Surveyor Colony, Madurai 625 007, Tamilnadu, India
Date of Birth/Age : 1941/07/05
Date of Appointment : 2006/06/01

MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN As on 19.06.2008
Names of Shareholders No. of Shares
Andrews Sundararajan 100
R. Irulappan 100
Kirubakaran Kulasekara Pandian 100
Edward Pandian 100
Joseph Enok 100
Arun Veerappan 100
Paul Pandian 49400
Trans Global Technologies Inc. 17853106
Total 17903106

As on 14.05.2009
Names of Allottees No. of Shares
Trans Global Technologies Inc. 948670
Total 948670

As on 19.06.2008
Equity Share Breakup Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] 99.99
Directors or relatives of directors 0.01
Total 100.00

PRODUCTS DETAILS

Products with ITC Code :
081290.02 Mango Pulp
080450.03 Fresh Mangoes
Fresh Fruits : Mangoes (from Banganapalli to Neelam), Papaya, Guava, Pineapple, Sapota, Grapes, Banana, Jack Fruit, Amla and Acid Lime
Fresh Vegetables : Drumstick, Flat Beans, Cluster Beans, Yard Long
Fresh Vegetables : Drumstick, Flat Beans, Cluster Beans, Yard Long Beans, Bitter Gourd, Snake Gourd, Okra, Green Chillies, Ridge Gourd and other English Vegetables
Processed Products : Pickles and Chutneys
Canned Products : Purees/Pulps, Juices, Fruit Slices, Chunks and Jams
Dehydrated Products : Fruits like Pineapples, Mangoes, Papayas and Bananas, Vegetables and Culinary Spices like Basil, Thyme, Curry Leaves, Coriander, etc

Brand Names :
MAAGRITA

EXPORT DETAILS

Exports to :
Products : All Products
Countries : Far East, Middle East, Europe

IMPORT DETAILS

Imports From :
Products : Machinery
Countries : South Africa, US, Australia, Nederland

TRADING TERMS

Terms :
Selling : L/C, Cash and Credit Terms
Purchasing : Cash and Credit Terms

TYPE OF CUSTOMERS

Customers :
Wholesales, Retailers and Supermarkets
KNS Marketing
John Petrex
Wangs Kitchen
VRS Ladies Hostel
SRM Group
Reliance Retail Limited
Pupils
GRT Grand Days
J.R. Foods
A.R. Land Chain
Milky Way Agencies
International Agriculture
Metro Cash and Carry Private Limited
Sap Foods

BANKERS

Bankers :
Indian Overseas Bank Adiyar Branch, Chennai, Tamilnadu, India
HDFC Bank Limited Kellis Branch, Chennai, Tamilnadu, India

AUDITORS

Name :	K Sundaram and Narayan, Chartered Accountants
Address :	18, Balaiah Avenue, Chennai 600 004, Tamilnadu, India
Name :	Mr. Meenatchi Sundaram, Chartered Accountants
Address :	18, Balaiah Avenue, Chennai 600 004, Tamilnadu, India

FINANCIAL INFORMATION

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT
Particulars 2008/03/31 2007/03/31 2006/03/31
Sales Turnover 14.460 15.142 0.154
Other Income 0.281 0.265 0.000
Total Income 14.741 15.407 0.154
Profit/(Loss) Before Tax (39.222) (36.605) (0.249)
Provision for Taxation 0.000 0.020 0.001
Profit/(Loss) After Tax (39.222) (36.625) (0.250)
Expenditures :
Manufacturing Expenditure 19.728 19.272 0.403
Administrative Expenditure 24.586 17.699 0.000
Depreciation & Amortization 9.649 15.041 0.000
Total Expenditure 53.963 52.012 0.403
Earnings Per Share (Rs.) (2.19) NA NA

CAPITAL STRUCTURE

Capital Structure

Authorised Capital :
No. of Shares Type Value Amount
20000000 Equity Shares Rs.10/- each Rs.200.000 millions

Issued, Subscribed & Paid-up Capital :
No. of Shares Type Value Amount
17903106 Equity Shares Rs.10/- each Rs.179.031 millions

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