INDIAN FOOD INDUSTRY STRUCTURE AND DEVELOPMENTS In the last few years, Indias potential to emerge as a food-processing destination

of the world has been recognized. The key inputs for creating the food-processing base availability of quality raw materials, requisite infrastructure, skilled labour and quality and hygiene culture have been targeted for structural improvements. Several studies have identied a large market for processed foods within India itself; for instance, a study by Rabobank reports that organized food retailing in India has immense potential for growth, as it taps hardly 1% of the market due to low quality of products and lack of distribution. This apart, some important developments occurring in the global food industry are reshaping the supply chains and creating new opportunities. One such development is evolving consumer interest towards Indian ethnic food in many developed countries. This trend has been conrmed by many studies by food research entities. Another visible trend is the growth of private labels in food sector that are collapsing the supply chain and moving in the direction of collaborative procurement process. It is also widely acknowledged that in India, changing lifestyles have been prompting people to look to convenience foods; that food consumers are now better educated and informed; and that consumer behaviours are shifting in ways that translate to opportunities for processed food industry. The eating culture in India and other Asian Countries and the perception of frozen processed foods are slowly changing. Longer working women and western inuence on diet and culture have increased consumer demand for frozen food in many urban centres. More liberal economic policies, rising living standards and improved manufacturing and distribution networks have also contributed to a rise in consumer purchasing power in towns and cities across the country. The demand for affordable, easy-to-prepare meals such as frozen ready-meals will continue to attract a potentially large number of consumers in the ever dynamic and fast paced lifestyle. Urban living has also been driving sales of convenient frozen ready meals and easy-to-prepare, convenient-to-store products. This gives tremendous opportunity for companies that are well versed with the International standards of food processing to translate their expertise to reap the benets for their efforts in developing such products.

OPPORTUNITIES AND THREATS Opportunities y Enormous and relatively untapped market in India and abroad for Indian ethnic food y Brand growth across all categories y Your management has identied various areas which will drive the Companys growth to reach its vision. y Your Company is revamping its food services strategy to cater to as many institutions, restaurants as feasible through increased penetration and reach

Threats y Aggressive price competition in future from large multinationals intent on market share once the proposed market in India matures Slow reforms in Food Laws by the government for food processing sector y Rising input prices of commodities, fuel costs and food ination y Cascading indirect taxes

About the Company- Innovative Foods

M/s. Innovative Foods Limited (IFL) [Formerly M/s. Innovative Marine Foods Limited] was incorporated on 1stSeptember 1989 in the State of Kerala with its Registered Ofce at Amalgam House, Bristow Road, Willingdon Island,Cochin 682 003, which was changed to Chakolas Habitat, A Block, 1C, Thevara Ferry Road, Cochin 682013, Kerala from 17th May 2010. The Company was promoted by M/s. Amalgam Foods Limited (AFL), the parent Company of Amalgam Group, Cochin in association with multinationals like M/s. Mitsubishi Corporation, M/s. Saudi Fisheries Company, M/s. Gourmet Club Corporation, M/s. Ristic GmbH, Germany, M/s. Sea products SRL, Italy who are among the leaders in the Seafood Industry in the respective countries. In the early 90s the Amalgam Group identied new opportunities in the wake of changes in the Seafood Industry with the shifting of production base from developed countries and for moving up the value chain into more protable retail segments.

Innovative Foods Ltd is a leading Ready to Eat/Ready to Cook (RTE/RTC) company in the domestic Indian market. IFL is a joint venture between Tata (Premier Indian Conglomerate) & Amalgam group (Cochin based Seafood business House). IFL has 3 lines of businesses namely Retail, Food service & Exports which caters to both domestic & international markets. Location: Innovative Foods LTD is located in Cochin, which is at the west coast of Kerala (a southern state of India). The factory is based 20 kms from Cochin (also known as Ernakulam) at Ezhupunna. Production Facilities IFL's processing facilities are located in Cochin, which is in close proximity to its raw materials. It has operations in 4 locations led by IFL factory, Seafood preprocessing, zamaron & Paratha Plant. IFL factories are licensed under: PFA, MPEDA, FPO, MFPO, EIA, APEDA. It has a consolidated installed capacity of 10000 MT per annum with processing facility for Block Freezing, IQF & Breading Line.

Products IFL takes pride to be the leading partner of choice with most of the leading Quick service restaurants in the country. IFL develops customized products for clients with strengths in R&D. Few of your loved products in your favorite fast food restaurants are made by us. IFL also provide bulk packs (1kg) of selected range to various standalone restaurants, caterers across the country.

IFL Products are sold under the SUMERU BRAND

Sumeru, one of the leading brands in the Indian frozen food category, is present in over 2000 major retail outlets. Sumeru is the domestic frozen food brand of Amalgam Foods, the Cochin based seafood major that has diversified its product profile to a wide range of ready-to-cook and ready-to-fry categories. Sumeru's seafood, meat and vegetable products are all produced in separate stateof- art factories following HACCP quality control procedures.

The factories are green ticketed by the United States Food and Drug Authority and the European Union approved. he company sells its products through all the major retail outlets in Delhi, Calcutta, Mumbai, Pune, Goa, Hyderabad, Vijayawada, Vizag, Bangalore, Mysore, Mangalore, Madras, Pondicherry, Madurai, Trichy, Coimbatore and major towns of Kerala. The company has provided its own imported, display freezer cabinets to almost all major outlets to ensure proper display and frozen temperature of its products. Exports IFL has its footprints in the overseas markets with SUMERU's presence in US, Europe, Middle East, Japan, Singapore, Fiji and Sri Lanka. Currently, IFL supplies products to various food service companies & Private labels. Innovative Foods within the Amalgam Group Amalgam was established in 1977. It has over 30 years experience in the food industry. The Group has been one of Indias major seafood exporters and aqua feed producers. Over the years the Group has restructured its focus on ingredients for both the food and feed industry and concentrating on the Indian domestic retail market with its frozen and ambient food brands. Amalgam Foods Limited is a family-held food group with four separate companies in different food categories and a travel company:
1. Innovative

Foods Ltd. processes and markets a range of Chilled and Frozen Foods in the Ready-to-Cook, Ready-to-Fry and Heat-n-Serve categories under the SUMERU brand. 2. Freeze Drying Co. Ltd.specializes in freeze dried ingredients catering to international food majors.. 3. Amalgam Speciality Foods (India) Pvt. Ltd. blends and packs for the Indian institutional and retail markets, premium Culinary Herbs, Spices, Seasonings, Batter Mixes, Canned , Pickles and Dried Seafood products .

4. Amalgam Nutrients & Feeds Ltd. processes for both the animal and aqua feed industry a range of essential feed ingredients like Fish Meal, Shrimp Head Meal, Clam Meal and Squid Meal. The Company also produces Fish Oil and Extracts of Shrimp, Crab, Clam and Chicken for the food industry. 5. Viceregal Travels & Resorts Ltd.specializes in travel-related services focusing on South India, especially Kerala, which has emerged as a major international destination. The Groups corporate office is at Amalgam House, Willingdon Island, Kochi, Kerala State. The processing facilities of the Group have all the required certification for export to the Americas, European Union, Japan and Australia. The Group employs over 2000 skilled and trained personnel. The Group has a training academy operated under the holding company. The Groups current annual turnover is over US$ 35 million. Operational history of Innovative Foods However, a combination of following events totally beyond the control of the Company seriously affected its performance. Set back of Shrimp aquaculture in India Detention of Cooked Shrimp by the United States Food and Drug Authorities (US FDA) Unilateral ban on the import of seafood from India by the European Union Loss of benet due to change in Exim Policy. Levy of Anti-dumping Duties on the import of Frozen Shrimp from India by the United States The combination of the all the above factors resulted in the total erosion of the Companys net worth during 1999 and the Company was referred to BIFR for determination of suitable measures for its rehabilitation. The Company had accordingly submitted the original Rehabilitation Scheme to the Honble BIFR through the Operating Agency in 2004. The Honble BIFR by its Order dated 31/05/2004 approved the Scheme of Rehabilitationin two stages. The Company implemented Stage I and as per the approved Scheme, the Company fully settled the dues of all the nancial institutions who were holding the rst charge on the Companys immovable properties. However, there was some delay in

implementing the Stage II of the Rehabilitation Scheme and the BIFR declared the sanctionedScheme 2004 as failed. Subsequently, the Promoters identied the new Strategic Investor, M/s. Residency Foods & Beverages Limited, an Associate Company of Indian Hotels Company Limited. Based on the understanding arrived with the new Strategic Investor, the Company submitted Modied Draft Rehabilitation Scheme (MDRS) to the BIFR for approval. The BIFR by its Order dated 8th December 2006, approved the Modied Scheme of Rehabilitation. Which resulted in the Voluntary Delisting of its securities from the Stock Exchanges.

Tatas Buying Majority Stake in IFL

As part of its foray into the business of processed foods, the Tata Group has acquired a 70% stake in Kochi-based Innovative Foods Ltd (IFL), known for its processed food items that are sold under the brand name Sumeru. The acquisition of a majority stake in Innovative Foods, which was finalized recently for an undisclosed amount, has been through Residency Foods & Beverages Ltd (RFBL), a subsidiary of Tatas Indian Hotels Co. Ltd (IHCL). Investments were also made to expand distribution network, logistics, product range and brand-building, for which the Tatas formed a new team that will be led by Sheila Nair, who has been appointed CEO. Tharakan continued to head the company affairs division.

Delisting of IFLs Stock from Stock Exchanges (BSE) Innovative Foods Ltd Key Data: Ticker: 519210 Exchanges: BOM

Country: Major Industry: Sub Industry:

INDIA Food & Beverages Miscellaneous Food 457 383.33 N/A N/A

2009 Sales Currency: Fiscal Yr Ends: Share Type:

265,876,489 (Year Ending Jan 2010). Indian Rupees March Ordinary

Employees: Market Cap: Shares Outstanding: Closely Held Shares:

Last Close: 33.05

Delisting of Companies: refers to the removal of a company's shares from listing on the stock exchanges, either voluntarily or involuntarily. Delisting of securities represents the removal of that particular security for dealing on the stock exchange. As a consequence of delisting of companies, the delisted securities can no longer be traded at that stock exchange. Delisting can be carried out in two ways:
y y

Voluntary Delisting Compulsory Delisting

In voluntary delisting, the company or its promoters or any other persons other than stock exchange can choose to remove its securities from the stock exchange. SEBI Guidelines has prescribed its mode, procedure & manner to be adopted by the company. The final exit price is to be paid to the shareholder, which is decided through reverse book building method.

Important Guidelines to Voluntary Delisting by SEBI: y Voluntary delisting being sought by the promoters of a company y Promoters of the companies who voluntarily seek to delist their securities from all or some of the stock exchanges y Provided further that an exit opportunity has been given to the investors for the purpose of which an exit price shall be determined in accordance with the book building process

Procedure
y Obtain the prior approval of shareholders of the company by a special resolution passed at its general meeting; y Make a public announcement in the manner provided in these Guidelines. y Make an application to the delisting exchange in the form specified by the exchange, annexing therewith a copy of the special resolution passed under sub-clause (a); and; y Comply with such other additional conditions as may be specified by the concerned stock exchanges from where securities are to be delisted.

Exit Price
y Any promoter of a company which desires to delist from the stock exchange shall determine an exit price for delisting of securities in accordance with the book building process y The offer price shall have a floor price, which will be the average of 26 weeks traded price quoted on the stock exchange where the shares of the company are most frequently traded preceding 26 week from the date of the public announcement and without any ceiling of maximum price.

Delisting of IFLs Stock from Stock Exchanges (BSE) Innovative Foods Ltd informed BSE that Board for Industrial and Financial Reconstruction ("BIFR") passed an Order dated August 11, 2009, allowing the Company to de-list its shares from all the stock exchanges they are listed.

The stock was trading at Rs.30.70, up by Rs.1.45 or 4.96%. The stock hit an intraday high of Rs.30.70 and low of Rs.28.10. The total traded quantity was 674 compared to 2 week average of 675.

Reverse Book Building Process: Securities and Exchange Board of India has issued the SEBI (Delisting of Equity Shares) Regulations 2009 for voluntary delisting of equity shares from stock exchanges which provide the overall framework for voluntary delisting by a promoter or acquirer through a process referred to as Reverse Book Building. The promoter or acquirer shall appoint a Merchant Banker and also a trading member for placing bids on the online electronic system. The Merchant Banker and promoter shall make a public announcement and also dispatch a letter of offer to the public shareholders along with a bidding form. Shareholders may approach the trading member for placing offers on the on-line electronic system with the bidding form. The shareholders desirous of availing the exit opportunities are required to tender their shares to the trading members prior to placement of orders. Alternately, they may mark a pledge for the shares. The final offer price shall be determined as the price at which the maximum number of shares has been offered. The promoter shall have the choice to accept / not accept the price. If the price is accepted, the promoter shall be required to accept all valid offers upto and including the final price. At the end of the offer, the merchant banker to the book building exercise shall announce the final price and the acceptance (or not) of the price by the promoter. Any remaining public shareholders may tender shares to the promoter at the same final price upto a period of one year from the date of delisting.

As requested by the Company IFL to de-list the shares, the Bench approved the delisting of shares from all stock exchanges without following the prescribed procedure for de-listing, on payment of the exit price calculated as per SEBI

(Delisting of Securities) Guidelines, 2003 or at Rs 34.50 per shares, whichever is higher. The promoters made the payment to the public shareholders who have tendered their share to the promoters, within 10 working days of the closure of the offer made and the offer remained open for a period of 15 days". For the purpose of calculating the exit price as per SEBI (Delisting of Securities) Guidelines, 2003, the date of the Order is August 11, 2009 was taken as relevant date.

After Life of IFL following the Delisting

INNOVATIVE Foods Ltd, a publicly traded company within the Amalgam Group, was delisted and undergoing a restructuring in line with the group's plans to strengthen the retail frozen food business. As per the restructuring plan, Amalgam Foods and Beverages Ltd, which now owns the Sumeru Brand, will be merged with Innovative Foods. Two existing factories will also be moved to the company. As per the approved scheme of the BIFR the Strategic Investor, RFBL would hold 67.93% of the Capital of the merged Company, Amalgam group will hold 26% and the balance by the General Public. The management is condent that with the induction of capital and the merger of Amalgam Foods & Beverages Limited with IFL would signicantly improve the net worth and also strengthen the Companys Balance Sheet. OPERATIONS AND FUTURE PROSPECTS The Company achieved a turnover of Rs.319.76 million and after considering the operating expenses ended the year with a loss of Rs.34.70 million.The year 200910 continued with the downturn that began in the previous year impacting business condence and customer sentiments. India, however, managed the situation effectively through government interventions like nancial stimulus and various other policies. Despite government efforts, commodity prices and other input costs continued to harden. The rising trend of rising input costs especially for raw and packing materials poses signicant challenges. Also these cost increases could only be passed on partially by increased selling prices. Various State Governments have been increasing VAT Rates on your Companys products impacting margins further. Despite the above, your Company has been able to increase Turnover by 19% over previous year, improving EBITDA(Earnings before Interest, Taxes, Depreciation and Amortization) by Rs.7.09 million reducing the loss for the year

toRs.347 lakhs as compared to Rs.484 lakhs for the previous year. In the ensuing year the Company is focusing on improving sales volumes by focusing on Tier 2 cities and towns, reemphasized certain cost control initiatives, increase the range of products to Quick Service Restaurants etc which are likely to benet over a longer term.

Board of Directors
Mr. A . J. Tharakan Chairman Mr. T. Damu Mr. Ramesh J. Tharakan Mr. Joseph Kodianthara Independent Director Mr. M. K. Damodaran Independent Director Mr. T. Gundan Independent Director Mr. Niyant Maru Mr. R. H. Parekh

Categories of Shareholders as on 31st March 2010

Promoters Shareholding Mutual Funds & UTI Banks & Financial Institutions Foreign Company Private Corporate Bodies Indian Public NRI/OCB Clearing Members 10,946,258 5,850 60 125000 42096 410079 70528 8502 11,608,373 94.30% 0.05% 0.00% 1.08% 0.36% 3.53% 0.61% 0.07% 100.00%

Registered office: Chakolas Habitat A Block, 1 C Thevara Ferry Road Cochin - 682 013Kerala Banker : State Bank of India Overseas Branch Cochin - 682 003

Relisting of Companies The return to listed status for a stock after having been delisted from an exchange for not being in compliance with the exchange's listing requirements. A company's stock may be delisted either by the exchange or voluntarily for a number of reasons including bankruptcy, failure to file mandatory reports, or a depressed share price that is below the exchange's minimum threshold. Once the company puts its house in order and meets the listing requirements, it can apply to relist its shares. Unlike a hot initial public offering (IPO), the reception from investors to a company's relisting is likely to be mixed, as it may be weighed down by its past record. Historically, few companies have gone on to reach their previous highs after relisting their shares.

BSE Norms Minimum Requirements for Companies Delisted by BSE seeking Relisting on BSE Companies delisted by BSE and seeking relisting at BSE are required to make a fresh public offer and comply with the extant guidelines of SEBI and BSE regarding initial public offerings. The period between delisting and relisting should be a minimum of 2 years.

Prospects of Innovative Foods to Relist on the Stock Exchanges in India y INNOVATIVE Foods Ltd, a publicly traded company within the Amalgam Group, is undergoing a restructuring in line with the group's plans to strengthen the retail frozen food business. y Distributors in the US, Europe, Far East and West Asia are investing $3.5 million into the company. They are using this money to pay off our debts. This plan has been approved in the AGM and BIFR. y As per the restructuring plan, Amalgam Foods and Beverages Ltd, which now owns the Sumeru Brand, will be merged with Innovative Foods. Two existing factories will also be moved to the company. y Therefore Innovative Foods will be the main promoting company for the food processing business of the Tata Group under the RFBL.

Innovative Foods Ltd. has been delisted in the month of Aug. 2009 and hence cant come up with a fresh issue until Sep.2011. As for the restructuring of the company as per the BIFR this time would be utilized to clear off the debts burdening the company. And also to implement the restructuring plan to merge Amalgan Foods and Beverages Ltd. With Innovative Foods Ltd. Under the name of the Innovative Foods Ltd. And hence with better financial statements clear from debts, merging the two companies through restructuring and the brand name of the Tata group would give an impressive presentation in the prospectus to be issued during the fresh offering for relisting innovative Foods ltd. on exchanges in India.

Reasons for requirement of new offering and relisting Innovative foods Ltd.  Strenghtening the retail frozen foods business- Capital required for formulation of franchises, developing owned cold storage warehouses across the country, and to purchase a fleet of cold storage vehicles to enhance transportation network.
 Developing a nationwide network for home delivery of heat-and-serve frozen foods the same way the pizza is delivered.

 Setting up of a private company in UAE in the free trade zone to boost exports.  Expansion of the vegetable processing unit in Punjab  Acquiring of two sick units of edible oil manufacturing in the state of Kerala.  Acquiring a sick unit of Fruit Pulp and Syrup manufacturing production facility in Maharastra.  Investment required for further expansion of R&D to deliver better quality and innovative products to customers.  And to enable the 3% of public share holders to see their securities being listed and gaining value as compared to be frozen. The edible oil and fruit pulp and syrup will be sold under the brand Sumeru through its retail chains in India and exported to UAE and European countries.

Fresh Public Issue of equity shares

Innovative Foods is classified as a Large Cap Company with a market capital of more than 25crores. Therefore the minimum issue size is to be 10crores and minimum post-issue paid-up capital of the applicant company should be more than 3crores. A letter of application to be sent to all stock exchanges where it proposes for its securities to be listed before filing of Prospectus with Registrar of Companies. Public Issue of (35,20,344) of face value of Rs.10. there will also be green shoe option of equity shares available at 10% of the allotment of equity shares through the issue done. This Issue is being made through a 100% Book Building Process wherein a minimum of 60% of the Issue shall be allocated on a discretionary basis to Qualified Institutional Buyers. Further, not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 30% of the Issue shall be available for allocation on a proportionate

basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price. Price Band: Rs. 20 to Rs.30 per Equity Share. The reason for the above price band being the poor performance and delisting of the company, the maximum limit of price band would not exceed the exit price of the company. And the face value to be Rs.10 because the company is coming out with the Public offering merged with Amalgan Foods ltd. and under the brand name of the Tata Group. The Issue Price (as determined by the Company, in consultation with the Book Running Lead Manager (BRLM) and the Co-Book Running Lead Manager (Co-BRLM), on the basis of assessment of market demand for the Equity Shares by way of book building) should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading in the Equity Shares of the Company or regarding the price at which the Equity Shares will be traded after listing. Listing The Equity Shares issued through this Draft Red Herring Prospectus are proposed to be listed on The National Stock Exchange of India Limited and The Bombay Stock Exchange, Mumbai. Book Running Lead Manager JM Morgan Stanley Private Limited 141, Maker Chambers III, Nariman Point, Mumbai - 400 021 Tel: +91 22 5630 3030 Fax:+91 22 2204 7185 Co-Book Running Lead Manager Edelweiss Capital Limited 14th Floor, Express Towers Nariman Point Mumbai 400 021 Tel: + 91 22 2286 4255 Fax:+ 91 22 2288 2119 Registrar of Issue Karvy Computershare Private Limited Unit: Innovative Foods Public issue Karvy House, 21, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500034 Tel: + 91 40 23312454 / 23320751-53 Fax: +91 40 23311968/ 23323049 E-mail: innovativefoodsIPO@karvy.com

Important Definitions y Allotment/ Allotment of Equity Shares: Unless the context otherwise requires, issue of Equity Shares pursuant to this Issue. y Banker(s) to this Issue ICICI Bank Limited, Standard Chartered Bank and State bank of India Overseas. y Book Building Process: Book building mechanism as provided under Chapter XI of the SEBI Guidelines, in terms of which this Issue is made. y Escrow Account: Account opened with Escrow Collection Bank(s) and in whose favor the Bidder will issue cheques or drafts in respect of the Bid Amount when submitting a Bid. y Escrow Collection Bank(s): The banks which are registered with SEBI as Banker to the Issue at which the Escrow Account for the Issue will be opened, in this case being ICICI Bank Limited, Standard Chartered Bank and State bank of India Overseas. Credit Rating As this is an Issue of Equity Shares there is no credit rating for this Issue. Issue Program Bid/Issue opens on December 7th 2011 Bid/Issue closes on December 14th 2011

Mode of Allotment: Compulsorily in dematerialized form Trading Lot: One Equity Share Requirement of 1% Security: Companies making public/rights issues are required to deposit 1% of the issue amount with the Designated Stock Exchange before the issue opens. This amount is liable to be forfeited in the event of the company not resolving the complaints of investors regarding delay in sending refund orders/share certificates, non-payment of commission to underwriters, brokers, etc. Payment of Listing Fees: All companies listed on BSE are required to pay to BSE the Annual Listing Fees by 30th April of every financial year as per the Schedule of Listing Fees prescribed from time to time. Initial is 20,000, then onwards 15,000 for the yearly until revised further.

Board of Directors
With the Chairman and COO being the same, the only addition to the board of directors in the place of one or two retiring by rotation is the requirement of one or more independent directors who are foreign national with experience with a food processing company from any developed country, to give IFL the technical edge to improve R&D according to international standards and then brings in innovative strategies to turn the sick units around to a profitable standard in minimum amount of time.

Capital Structure
The ownership percentage of the Promoters would be reduced to less than 65% with the addition of equity shares as compared to the previous 94% ownership. The financial institutions stake in the company would go up to 3-4% as compared to previous 0.05%. The 3% public shareholders, who would have still kept the frozen shares, would be reallocated at the issue price set during the Offering. The above will be done during the month of December when the Public offering is made. But before than during the restructuring period, Innovative Foods ltd. will issue Preference shares to a special class of prospective shareholders, those are the farmers from whom the vegetables and fruits are procured, the Distributors linking Innovative Foods Ltd. with the Customer Base it has. This will help develop good relationships with the above and loyalty would be called for as they are the part owners of IFL.

Reasons for the failure of the company in the past

However, a combination of following events totally beyond the control of the Company seriously affected its performance. y Set back of Shrimp aquaculture in India y Detention of Cooked Shrimp by the United States Food and Drug Authorities (US FDA) y Unilateral ban on the import of seafood from India by the European Union y Loss of benet due to change in Exim Policy. y Levy of Anti-dumping Duties on the import of Frozen Shrimp from India by the United States. y More of Debt based funding and hence heavy interest burdens.

Target Markets
    Retail (Small Shops and Mega Stores) Food Companies (Hotels, Fast food Chains) Supply to Armed Forces (Frozen Food) Exports (Middle East, Europe, Singapore, Japan & UAE)