SnowmanIII

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 18,250 pallets spread across 16 locations. Snowman through its 109 refrigerated (‘reefer’) trucks (49 deployed on long route and 60 on short route) also offers temperature controlled pan-India transportation and distribution services. The Company currently serves over 150 customers across 11 industry segments. It commenced operations in 1994 as SFFL. 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, Snowman has increased capacity to 18,250 pallets. The Company is now considering to further increase its storage capacity to ~ 46,410 pallets in the medium term (“Investment”) within the next 2-3 years. IFC is considering providing a corporate loan to Snowman to partially fund the expansion.