Safe Harbor

Some of the statements in this document that are not

historical facts are forward-looking statements. These
statements entail risks and uncertainties that could cause
actual events to differ materially from these forward-looking
statements. These risks include, but are not limited to, the
level of market demand for our product, market situation for
our key inputs, market conditions that could cause our
customers to reduce their spending for our products, our
ability to create, acquire and build new businesses and to
grow our existing businesses and other risks not specifically
mentioned herein but those that are common to industry.
The Company does not undertake to update these
statements publicly to reflect changed eventualities.
1. Business Overview
2. Product overview
3. Management Vision and Ethics
4. Industry Dynamics
5. Financial Highlights
6. Strategic Outlook
First entry mover advantages: One of oldest producer of Starch
in India and third largest in India as per production.

Long lasting relationship with biggest brands and end users

Consistent expansion results in huge jump in capacity from 1800
TPA in 1943 to over over 4 Lacs TPA in 2013-14

Diversification across customers and end-markets

Efficient working capital management: Low gearing with overall
debt



1943 1944 1965 1967 1975 1980 1982 1985 86-92 1993 1996 2002 2007 2013
Company
established
its first facility
with a
capacity of
1800 TPA at
Phagwara
(Punjab).
Cogoes
public
thereby
creating a
wider
financial
base for itself
and at the
same time
opening up
to new
horizons.
Starts
modernisation
of phagwara
facility and
expand
capacity to
12700 TPA.
Company
Commissions
Liquid
Glucose Plant
at Phagwara
with 100%
indigenous
technology.
Company
expands
Crushing at
Phagwara to
36000 TPA.
Company
acquires Vijoy
Steel and
General Mills
Company
Limited.
Company
commissions
Mono-
Hydrate
Dextrose
Plant at
Phagwara
with 100%
Indigenous
Technoogy.
Company
venture out
of Punjab
and
commissions
the second
greenfield
facility at
Nizambad
(A.P.) to
produce corn
starch.
Consolidation
and
Expansion of
Capacities at
both the
facilities in
Punjab from
36000TPA to
54000 TPA
and A.P. from
12700 TPA to
54000 TPA.
Company
Commissions
Sorbitol 70%
Sol. At
Phagwara
with 100%
Indigenous
Technology
Company
Commissions
Anhydrous
Dextrose
plant at
Phagwara
with 100%
Indigenous
Technology.
Company
commissions
the Third
greenfield
facility at
Malda (West
Bengal) to
produce
corn starch.
Commissiong
of HP Plant

Capacity of
Malda unit
trebled with
addiional plant
for mfg.
Dextrose
Monohydrate
capacity 50 TPD
.
Growth of Maize Starch industry has doubled
in the last 5 years in terms of grinding
capacityofMaize

North America is expected to lead the

global modified starch market with share
of 39 percent followed by Asia-Pacific (29
percent) and Europe (27 percent) in terms
of consumption.
DuetoopeningupoftheFDIinRetailsector,
more international players likely to penetrate
theIndianMarket

ChangeinConsumerBehaviourwithrespecttohabits&
patternsoffoodconsumption.

Packagedready-to-eatfoodistheorderofthedaydue
toreadyOTCavailability.

Increaseinrequirementsofmodifiedandvalue-added
starchproductsi.e.itsderivatives,inthepackagedfood
industry.

Malls / Departmental Stores culture has taken over

age-old next-door Baniyaa culture in India especially in
Tier1andTier2cities.

High-fructose corn syrup, also high-fructose maize syrup in other
countriescomprises any of a group of corn syrups that has
undergone enzymatic processing to convert some of its glucose into
fructose to produce a desired sweetness. HFCSmainlyusedinAerated
drinksworldover.InIndia,itissugar,duetocheappricingofsugar.

Beer industry substituted sugar with High Maltose Corn Syrup (HMCS) and
Dextrose, both derivates of Maize Starch. Government may earmark a
minimum %age of HFCS instead of sugar in the manufacture of Aerated
drinksandBeer.

Manufacturers of Aerated Drinks yet to substitute sugar with an alternative.

Enquiry made by manufacturers of Aerated Drinks and Beer, as to an
alternative of sugar has increased in last few years Potential growth of use
ofHFCSforeseeninimmediatefuture.

InUSA&China,3-4typesofcornavailablei.e.industry-specifictypes

InIndia,CornwasCornnosuchsegregationdoneduetoignorance
onthepartoffarmers.Typeofcornavailablewasnotstandardonevery
purchase,duetodifferenttypesofhybridseedsusedforgrowingcorn.

ProfitsoftheMaizeStarchIndustryareexpectedtoriseasreductionin
production costs due to better recovery by using industry-specific corn,
recently,asalsobydirectpurchasesfromthefarmers

IncreaseinconsumptionofMaizeproductscancheckonthepricingof
SugarandGovernmentmaygiveincentivestostarchindustryinfuture

Quality is the life line of every business and

Company committed to satisfy customers by
manufacturing & supplying quality products
to their entire satisfaction

Sukhjit is an innovation company : Products,
technologies, processes, business models and
strategies

Addressing new growth areas

Capable of identifying and using
breakthrough innovations







Sukhit believes that its products improve
the quality of peoples lives
Respect for people and nature
Deeply committed to the social upliftment
and all round society welfare
Prevention of environment hazards along
with the business/economic growth
Channelise youth energy for productive
use

Last decade Industry grew by 2 times of GDP : still huge gap in
global average and Indias consumption level

Industry growing at 20% rate: China consumption grew by 4
times in last decade

Per capita consumption still very low: of the consumption as
comparison to china.

More than 1000 application in developed countries

Cargill India setting up a corn milling plant in Karnataka with an
initial investment of Rs 500 crore to tap the fast-growing market




In cr 2013 2012 2011 2010 2009
Net
Profit
21.58
22.10
38.78 14.67
11.61
0
5
10
15
20
25
30
35
40
2009 2010 2011 2012 2013
Net Profit (In Cr)
Net Profit (In Cr)
In cr 2013 2012 2011 2010 2009
Revenue
(annual)

419.74

354.33

339.06

258.54

202.62
Revenue (in cr)
0
100
200
300
400
500
2009
2010
2011
2012
2013
Revenue (in cr)
Revenue (in cr)
2009 2010 2011 2012 2013
NPM in % 5.14 6.24 11.44 5.68 5.73
OPM in % 12.25 12.36 18.60 12.98 12.23
0
2
4
6
8
10
12
14
16
18
20
2009
2010
2011
2012
2013
NPM
OPM
Modified starch market will grow from estimated $12.76 billion
in 2012 to $15.23 billion by 2017 with 3.2 percent CAGR during
the same period.

Insomeproducts,theStatutorypermissiblelimitofusageofstarchis
stillverylowinIndiacomparedtothepermissiblelimitsinother
AmericanandEuropeancountries.Governmentmayconsiderand
therebymakenecessaryamendmentsinthepermissiblelimits

IncreaseinconsumptionofMaizeproductscancheckonthepricing
ofSugarandGovernmentmaygiveincentivestostarchindustryin
future

4 industrial sectors ( Pharma, Food and Beverages, Textile &

Paper) which are demand driver for the industry are doing
extremely well & expected to continue the uptrend in 2014

Reach us : Mr Rishi K, Senior Director
Reliant Investor Relations Consultancy
research@rirc.in
+91 9582111450
+91 75061 31222
+91 11 2244 4422