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History of Neha International Ltd.

The Comp. was originally incorporated as 'Campasino International Limited' on the 12th July, 1993 as a Public Limited Comp. & subsequently changed its name as 'Neha International Limited'. The Comp. has obtained the Certificate for Commencement of Business on 12th August, 1993. The main objective of Comp. is to set-up a Floriculture project for growing cutflowers, mostly Roses, for export.

For the VIII plan period, the Government of India has identified floriculture as one of thrust areas for increasing Foreign Exchange earnings. India has several advantages such as moderate climatic conditions, abundant sunshine, suitable soils, low cost of skilled & unskilled labour which make the growing of flowers possible round the year & at a low cost. This apart India is strategically located as it is close to major consumption centres - Japan, M. East, Far East & Europe. There is also a vast potential in the domestic market which can absorb the non-exportable grade of flowers. This encouraged the promoters of Neha International Limited to put up a Floriculture project on commercial lines exclusively for exports. The promoters visited Holland in October 1993 to Study the global scenario on Floriculture products & formed the Company for this purpose. The Comp. acquired land measuring 28.325 acres at Wadgaon Maval near Pune. The Comp. approached Canara Bank & State Bank of Hyderabad in January 1994 for a term loan & National Horticulture Board for a soft loan and has obtained the necessary sanctions. The Comp. has also obtained the various approvals & clearances. The project is being implemented as per schedule.

MAIN OBJECTS OF THE COMPANY:

1. To sell, import, export, improve, prepare, manufacture, produce, grow & market & to carry on the business of canners, preserves, growers & dealers in fruits, vegetables, mushrooms, flowers, drinks, fluids, & such other fresh and preservable food products of all types & trade in jams, jellies, pickles, cider, chutney, marinades, vinegars, ketchups, juices, squashes, syrups, meat powder[edibles], drinks, beverages, gellatines, essence, meat, sausages, pork pies, prawn, potted meats, fable delicacies & such other eatables of all types.

2. To carry on the business of farming, horticulture, floriculture, sericulture, dairies, cultivators of all kinds of food grains, seeds, fruits, properties of orchards & traders, exporters & sellers of & dealers in products of farming, dairy, horticulture, floriculture, sericulture, and pisciculture, & fishing & manufacturers of drink, alcoholic or otherwise including beverages produced from such products or otherwise.

3. To carry on the business cultivators, growers, manufacturers, millers, grinders, rollers, processors, cold storers, canners, preservers, & dealers of food grains & other agricultural, dairy, horticulture & poultry products, fruits, vegetables, herbes, medicines, flowers, drinks, fluids, gas & fresh and preservable products.

4. To manufacture, process, preserve, prepare, can, refine, bottle buy, sell & deal whether as wholesalers or retailers or as exporters or importers or as principals or agents, in foods, meats, eggs, poultry, vegetables, canned & tinned and processed foods, protein, health & instant foods of all kinds including baby & dietetic foods, cereals, beverages, cordials, tonics, restoratives & aerated mineral waters & food stuffs & consumable provisions of every description for human or animal consumption.

SUBSIDIARY COMPANY

The Comp. has no subsidiaries.