Snowman - IV

completed

Snowman Logistics Limited (”Snowman” or the “Company”) formerly known as Snowman Frozen Foods Limited (“SFFL”), headquartered in Bangalore, India, is one of the largest organized temperature controlled logistics (“TCL”) service providers in India with an aggregate cold storage capacity of over 33,400 pallets spread across 15 facilities. Snowman through its 158 refrigerated (‘reefer’) trucks (65 deployed on long route and 93 on short routes) also offers temperature controlled pan-India transportation and distribution services. The Company currently serves about 500 customers across 11 industry segments. Snowman’s services include primary transportation, storage, inventory management, documentation and distribution of frozen and chilled foods. Snowman has the capability of providing TCL services to the entire spectrum of products including processed foods, fast foods, seafood, meats, ice creams apart from fruits and vegetables. Pursuant to IFC’s 2009 equity investment and corporate loan in 2012, Snowman has increased capacity to 33,400 pallets. The Company is now considering to further increase its storage capacity to 53,200 pallets in the medium term (“Investment”) within the next 2-3 years to be added at various locations across India. IFC is considering providing another corporate loan to Snowman to partially fund the expansion.