Contents Group Overview Group Activities Key Person Group Companies Group Financials Group Debt Position Request

Group Overview Promoted by Mr. Sanjay D. Ghodawat Started Activities in the year 1994 Multi-state operations spread across -

Maharashtra Karnataka Rajasthan Andhra Pradesh Goa

Group Investment of over Rs. 6.30 Billion Group Revenues of over Rs. 10 Billion

Group Activities Tobacco products Wind Energy Agriculture Edible oil Windmill Tower manufacturing Flexible packaging Commercial Properties Marketing FMCG Products Export of Iron Ore Textile Chemical

Group Activities

Includes estimated turnover of windmill tower manufacturing activity and Iron Ore Export

3%

55%

1%3%8%

3%

22%

1%1%1%2% Tobacco Products

Wind Energy

Agriculture

Edible Oil

Windmill Tower

FlexiblePackagingReal Estate

FMCG Products

Chemicals

Textiles

Iron Ore Export

10%

3%0%

12%

18%

2%3%0%2%0%

50%

Group Activities Mr. Sanjay Ghodawat- Tobacco Products Mr. Yogesh Datar - Wind energy and Commercial

Property Mr. Shital Runwal - Agriculture & Floriculture Mr. Vinod Ghodawat - Edible Oil Mr. Y.D. Lohana - Windmill Tower Manufacturing Mr. Satish Ghodawat - Flexible Packaging, Fabrication

& FMCG Mr. Abinav Desai - Export of Iron Ore Mr.Rajesh Ghodawat – Textiles Mr. Pankaj Jain - Chemicals

Manufacturing of Pan Masala, Gutkha and scented supari

Manufacturing facilities located in Karnataka

Investment of Rs. 162 Mn Revenues of Rs. 1054 Mn Marketed under the brand Group Company

Ghodawat Industries (India) Pvt. Ltd.

Tobacco Products

A non-conventional source of energy 112 windmills Installed capacity of 63 MW Investment of over Rs. 3500 Mn. Annual Revenues of over Rs. 350 Mn. Group Companies –

Ghodawat Industries (India) Pvt. Ltd. Topaz Investments Star Flexipack Sanjay D. Ghodawat (as an individual) Sanjay D Ghodawat (HUF)

Wind Energy

Activities include Floriculture Exotic vegetables Fruits – Grapes & Banana

Over 100 acres of land under cultivation Export of flowers to countries like Japan Investment of Rs. 38 Million Revenues of Rs. 43 Million Group Company

Ghodawat Industries (India) Pvt. Ltd.

Agriculture

Edible oil extracted from Sunflower and soyabean Capacities

Solvent Extraction – 750 Mt. Refining – 100 Mt.

Investment of Rs. 185 Mn. Revenues of over Rs. 1250 Mn. Proposal to create another facility at Gangakhed,

Latur Group Company

Ghodawat Foods International Private Limited

Edible Oil

A Hi-tech Fabrication Activity Acclaimed as one of the best fabrication facilities

by Enercon India. Presently, a dedicated manufacturing facility of

windmill towers Clientele includes Enercon India and NEG MICON Commenced operations in Oct’05 Installed capacity - 1 tower a day. Investment of over Rs. 480 Mn. Expected Revenues of Rs. 1700 Mn Group Company

Shrenik Industries

Windmill Tower Manufacturing

Hi-tech printing and lamination for packaging material State-of-art 10 color printing machines and ultra-

modern Italian lamination machine Has Necessary facilities to produce packaging film 50% capacity used by group companies and balance

by reputed customers from Food Industry Investment of Rs. 220 Mn. Revenues of Rs. 197 Mn. Group Company

Star Flexipack

Flexible Packaging

Commercial Properties in major cities like Bangalore and Pune

Investment of Rs. 1400 Mn Annual Lease Rentals of Rs. 360 Mn Reputed Clients like

Hewlett Packard Daimler Chrysler Geometric Software Fidelity Trianz Consulting Pvt. Ltd. E2E Serwiz Solutions (Tata group company) Synygy India

Group Company Topaz Investments

Commercial Properties

Marketing of FMCG products like – Mosquito coil Salt Tea

Investment of Rs. 50 Mn. Revenues of Rs. 5 Mn. Strong dealer base and marketing network Marketed under the “STAR” brand Group Company

Ghodawat Industries (India) Pvt. Ltd.

Marketing FMCG products

Recent Activity in venture with Ghotage Group, Goa

Iron ore procured from mines in Goa and Karnataka

Exported to China, Japan, Romania and Hongkong after screening and crushing

Capacity to export 3 million tons p.a Investment of Rs. 150 Mn. Estimated revenues Rs. 5000 Mn. Group Company

Star PVG Exports

Export of Iron Ore

Textiles Manufacturing cloth (gray fabric) Machines include Shuttless Weaving Repair

Looms Work done on job-work basis Raw-material used is loose yarn and Beams Capacity – 5,000 mts per day Investment of Rs. 50 Million Revenues of Rs. 20 Million Group Company - Various

Chemicals Manufacturing of Oxalic Acid and Diethyle Oxolate, used

in bulk drugs and textiles Capacity

Oxalic acid - 25 MT per day Diethyl Oxolate - 5 MT per day

Customers from countries like India England Germany France Netherlands Taiwan

Currently, not in operation due to relocation to Chemical Zone in Gujarat

Group Company Star Oxochem Pvt. Ltd.

Ghodawat Industries (India) Pvt. Ltd. Ghodawat Foods International Pvt. Ltd. Shrenik Industries Star Flexipack Topaz Investments Star PVG Exports Star Oxochem Pvt. Ltd.

Group Companies

Ghodawat Industries (India) Pvt. Ltd. Commenced operations in 1994 Various activities include –

Wind Energy Agriculture Tobacco Products Marketing of FMCG products

Future plans Install 5 windmills in the current year Expand export of flowers and fruits Expand range of FMCG products

Ghodawat Industries (India) Pvt. Ltd.Particulars

Audited Audited Audited2004 2005 2006

Sales 1,299.90 1,310.48 1,300.45

Other Income 72.16 61.50 766.30

Total Income 1,372.06 1,371.99 2,066.75

Profit After Tax 43.30 15.72 247.82

Cash Accruals 327.37 315.71 620.85

Capital 30.00 30.00 30.00

Reserves and Accumulated Profits 204.56 221.96 436.73

Fixed Assets 796.79 760.47 1,042.45

Net Worth 318.14 334.03 581.86

As on 31st March

Ghodawat Industries (India) Pvt. Ltd.Banks

NonFund Based Fund Based

IREDA 90.46

ICICI Bank Ltd. 19.69

HDFC Bank Ltd. 36.22

State Bank of India 80.50

Citi bank 1.53

Bank of Baroda 6.40 56.68

Union Bank of India 10.89

Karnataka Bank Ltd. 120.00

United Western Bank 22.92

Ichalkaranji Janata Sah Bank Ltd. 129.75

Annasaheb Karale Jan.Sah. Bank Ltd. 4.69

Arihant Credit Souhard sanstha, Borgaon 2.83

Total 525.88 56.68

Against FD 193.44 56.68

As of 31.08.06

Ghodawat Foods International Pvt. Ltd. Commenced operations in 2003 Engaged in manufacturing edible oil

extracted from Sunflower and soyabean

Future Plans Set-up another manufacturing facility at

Gangakhed, Latur

Ghodawat Foods International Pvt. Ltd.

ParticularsAudited Audited Un-Audited2004 2005 2006

Sales 806.85 1,424.88 1,256.50

Other Income 3.93 4.22 23.50

Total Income 810.78 1,429.10 1,280.00

Profit After Tax 34.18 (0.38) 0.93

Cash Accruals 37.51 11.28 11.13

Capital 10.00 10.00 10.00

Reserves and Accumulated Profits 33.41 31.45 33.95

Fixed Assets 80.37 85.96 155.70

Net Worth 186.15 375.75 351.70

As on 31st March

Ghodawat Foods International Pvt. Ltd.

BanksNon

Fund Based Fund BasedBank of Baroda 93.22

State Bank of India 13.50

Total 106.72 -

As of 31.08.06

Shrenik Industries Partnership Firm Owns one of the best windmill fabrication

plants in the country Commenced operations of windmill

manufacturing in Oct 2005 Currently supplying to Enercon India and

NEG MICON Future Plans

Looking at supplying to other windmill companies like Suzlon, etc.

Shrenik IndustriesParticulars

Audited Audited2004 2005

Sales 69.76 40.62

Other Income - -

Total Income 69.76 40.62

Profit After Tax (5.45) 7.42

Cash Accruals (5.44) 7.43

Capital 1.92 28.84

Reserves and Accumulated ProfitsFixed Assets 0.04 16.96

Net Worth (6.28) 28.84

As on 31st March

Shrenik Industries

BanksNon

Fund Based Fund BasedState Bank of India 142.39

State Bank of Hydrabad 77.33

United Western bank 73.14

Ratnakar Bank Ltd 63.11

ICICI Bank Ltd. 66.43

Total 422.40 -

As of 31.08.06

Star Flexipack Partnership Firm Started activities in Oct 2000 An ISO 9001:2000 entity Engaged in hi-tech printing and

lamination packaging Also has investments in Wind Energy Future Plans

Expanding non-group company business

Star FlexipackParticulars

Audited Audited Un-Audited2004 2005 2006

Sales 146.16 173.81 196.97

Other Income 0.36 13.04 0.33

Total Income 146.52 186.85 197.30

Profit After Tax 25.94 16.53 22.61

Cash Accruals 30.79 25.95 33.68

Capital 66.89 46.97 67.66

Reserves and Accumulated ProfitsFixed Assets 150.31 215.41 219.29

Net Worth 126.69 167.53 117.50

As on 31st March

Star Flexipack

BanksNon

Fund Based Fund BasedBank of Baroda 7.96

State Bank of India 40.33

Total 48.29 -

As of 31.08.06

Topaz Investments Incorporated in 1994 Owns commercial properties in

Bangalore and Pune Reputed clientele amongst the IT and

ITES Also has investments in Wind Energy

Topaz InvestmentsParticulars

Audited Audited Un-Audited2004 2005 2006

Sales 104.31 184.11 244.86

Other Income - 1.54 3.85

Total Income 104.31 185.65 248.71

Profit After Tax (8.82) 73.70 105.50

Cash Accruals 77.15 154.58 215.70

Capital 94.03 95.20 95.20

Reserves and Accumulated Profits - 68.99 166.60

Fixed Assets 702.54 1,153.59 1,158.70

Net Worth 50.83 340.34 261.80

As on 31st March

Topaz Investments

BanksNon

Fund Based Fund BasedING Vysya Bank Ltd. 5.49

HDFC Bank Ltd. 156.23

State Bank of India 51.73

UTI Bank Ltd. 83.33

Total 296.78 -

As of 31.08.06

Star PVG Exports Partnership Firm Ghodawat Group having 80% share Formed in April 06 Activity to export iron ore Requisites like Technical know-how,

raw-material sources, logistics support and orders are in place

Star Oxochem Pvt. Ltd. Incorporated in 1997 Manufacturing of Oxalic Acid and Diethyle

Oxolate An ISO 9001:2000 Currently not in operation Will be relocated shortly to a Chemical

Zone in Gujarat Future Plans

Manufacturing of Ethanol

Request

Company Type of Funding Rs. in million Purpose

Sanjay Ghodawat (Individual) Term Loan 392 For Installation of 18 Windmills of Vestas at Karnataka in March 07

Topaz Investments Pvt. Ltd. Term Loan 230 Against property at Bangalore

(Rental Discounting)

Star PVG Exports Pre-Shipment 329 Against LC

Post Shipment 310

Total 1,260

Thank you