(i) Mr. Parag Jhaveri, aged 52 years, is the Chairman and Managing Director of our Company. He has completed his Master of Science in Chemistry from Mumbai University. Our Company is lead by him & under his guidance our company is growing significantly. Mr. Parag Jhaveri has over 3 decades of vast experience in chemical industry and on the backdrop of working with Company   he has been able to maintain robust growth and lead a various group of Sales, Finance, R & D and marketing along with our founder promoter. (ii) Mr. Vinod Jhaveri, aged 79 years, is the Whole time Director of our Company. He is one of the founding promoters of our company. He has completed his graduation in B. Com. from Gujarat University in the year 1959. He has been the main guiding force behind the growth and business strategy of our Company. He currently plays a crucial role in Page 139 the Accounts & Finance. Since incorporation he has been instrumental in the consistent growth of our Company’s performance and implement a robust overall framework for the organization as a whole. (iii) Mr. Yayesh Jhaveri, aged 47 years, is the Whole time Director of our Company. He has completed his Bachelor of Commerce from Mumbai University. In our company he has been playing a key role in production since 1997 and also stated Unit 2 under his supervision. He has also overseen growth of our Company in the area of Sales, Purchase & Logistics. On the backdrop of working with Company he has been able to maintain robust growth considerably and lead a various teams of Production, Purchase & Sales.

1. Balance Sheet Snippet[ Figures of FY 16-17]
(i) Shareholders’ Fund[Equity] Value	1729.94 lakh
(ii) Asset	17830.85 lakh
(iii) Liability	16100.91
(iv)  Net Worth(Asset- Liability)	1729.94 lakh
(iv) Debt/Equity	9.3( Very high)
(v)ROCE	27%
(vi) P/B	7(high)
(vi) RONW(PAT/Net Worth)	21%

2. Profit n Loss Snippet (i) Revenue of last 5 years is growing at a CAGR of 13%. (ii) PAT of the company for FY 13 and 14 was neagtive but from FY-15 onwards the company is growing at CAGR of 60%. (iii)EBITDA Margins: 2.27% (iv) EPS= 3.25( post Issue) (v) P/E(post issue)=30(fully priced)at the cutoff price of 100. 3. Cash Flow Statement The company was generating positive cash flow till FY-17 but it is negative for the last 6 months ending Sept 2017 which is a cause of concern.

We are avoiding the issue as company has high debt and issue is fully priced as compared to its listed peer in the market.

Yasho Industries Limited Office No. 101/102, Peninsula Heights, C. D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai - 400058 Phone: +91 22 6251 0100 Fax: +91 22 6251 0199 Email: info@yashoindustries.com Website: www.yashoindustries.com