SnowmanII

completed

Snowman Frozen Foods Ltd ( “Snowman” or “SFFL” or the “Company”) is a cold chain logistics service provider based in Bangalore. It commenced operations in 1997. SFFL’s services include primary transportation, storage, inventory management, documentation and distribution of frozen and chilled foods. The Company currently has 16 cold storage facilities with a total capacity of over 10,000 pallets spread across the country and operates about 75 owned and contracted refrigerated trucks (reefers) in its transportation division. Snowman has the capability of providing cold chain services to the entire spectrum of products including processed foods, fast foods, seafood, meats, ice creams apart from fruits and vegetables. Typically, the Company either builds its own facility on land obtained under a long term lease from a landowner on a willing seller/buyer basis or leases existing warehouses for a long term and undertakes appropriate retrofitting to convert it into a cold storage facility. The project comprises a corporate investment of up to INR 250 million (apprx. US$ 5 million) to part finance the capital expenditure plan of the Company including the expansion of its cold storage facilities and of its refrigerated transport facilities.