PARTNERSHIP DEED

This Deed of Partnership is Made on 14th Day of August 2019 amongst:

1. Abdul Gafoor S/o Haji Lal Mohammad

R/o Mohalla Rahupura Tanda Badli Rampur UP 244925 hereinafter called the Party of 1st part.

2. Shakira Begam W/o Ahtasham Ali

R/o Mohalla Motinagar Tanda Badli Rampur UP 244925 hereinafter called the party of IInd part.

3. Ashraf Ali S/o Hashmat Ali

R/o Mohalla Masjid Kohna Tanda Badli Rampur UP 244925 hereinafter called party of IIIrd part.

4. Muossar Ali S/o Hashmat Ali

R/o Mohalla Masjid Kohna Tanda Badli Rampur UP 244925 hereinafter called party of IVth part.

5. Mushahid Ali S/o Hashmat Ali

R/o Mohalla Masjid Kohna Tanda Badli Rampur UP 244925 hereinafter called party of Vth part.

6. Jalees Ahmad S/o Sharif Ahmad

R/o Mohalla Motinagar Tanda Badli Rampur UP 244925 hereinafter called party of VIth part.

7. Zakira Begam W/o Mohammad Farooq

R/o Mohalla Manhiran Tanda Badli Rampur UP 244925 hereinafter called party of VIIth part.

8. Mohammad Irfan S/o Inam Ali

R/o Mohalla Motinagar Tanda Badli Rampur UP 244925 hereinafter called party of VIII part.

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 The above expressions shall include their heirs, executors, administrators and representatives of the
respective parties.

WHEREAS this partnership firm was formed w.e.f. 26.12.1995 AND WHEREAS the this firm was reconstituted
on 14.10.2011 when the various parties joined hands and entered into agreement of partnership for carrying
out the business under the name and style of M/s PARADISE RICE MILL at Motinagar Tanda Badli Rampur
UttraPradesh

AND WHEREAS the Mr. Ahtesham Ali (party of IInd part of reconstituted partnership dt.14.10.2011) has died
on-------------AND WHEREAS his wife Shazda Begam ( party of IInd part ) desirous of joining the firm the
aforesaid parties of deed has joined hands 14.08.2019 to reconstitute the partnership firm under the name &
style of M/s PARADISE RICE MILL to do the business of running a Rice Mill on the terms and conditions as
mutually agreed upon the partners.

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AND WHEREAS to avoid litigation and for fair understanding of terms they deemed fit and expedient to
reduce the terms and conditions into writing.

THEREFORE THIS DEED OF PARTNERSHIP WITNESSES AS UNDER

1. That the Business of the firm shall be continued under the name and style of M/s PARADISE RICE
MILL

2. That The principal place of the firm shall continued to be at Moti Nagar Tanda Badli Rampur Uttra
Pradesh 244925) but the same may be changed or any branch may be opened anywhere and at the
any time with the mutual consent of all the parties.

3. That the assets & liabilities of old firm shall be deemed to have been taken over at par by
reconstituted partnership firm.

4. That the nature of business of the firm shall be that of Rice Milling Trading of Paddy Rice ,Rice Bran
Packing Material of all kinds. However the firm may carry out any other business(es) also as may be
mutually decided between the partners from time to time.

5. Any capital required for the business shall be contributed by any or all of the partners and a simple
interest @12% p.a. shall be provided to then on their respective capital which shall be credit of
respective capital accounts of partners on the date of rendition of accounts. Provided in case of lose
or insufficiency of profits, the interest payable to partners may be reduced proportionately as per
the mutual consent of all the partners

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6. That all the partners will be active and working partners and they shall be entitled following
aggregate amount of remuneration out of book profit of the firm after allowing interest to the
partners on their respective capitals as per clause 05 above:
a) On first Rs. 300000/= of book profit Rs. 150000/= or at the rate of 90%
Or in case of loss ---------------------------------------------------of the Book Profit whichever is more

b) On the Balance of Book Profit -----------------------------------At the rate of 60%

For the purpose of this clause Book profit shall mean net profit & loss account after allowing the
deduction of interest on capital of partners as per clause no.05 above but before allowing
deduction under the clause. The remuneration calculated above shall be divided amongst the
partners equally.
Partners may mutually amend the above formula to calculate remuneration at any point of time.

7. That the Net Profit or loss of the firm worked out after allowing all the expenses of business
Remuneration to partners and interest on capital on partners shall be divided amongst all the
partners and credited or debited to their respective capital accounts in the following ratio:
1) Abdul Gafoor (Party of Ist Part) 25.00%
2) SHakira Begam (Party of IInd Part) 15.00%
3) Ashraf Ali (Party of IIIrd Part) 08.00%
4) Muassar Ali (Party of IVth Part) 08.00%
5) Mushahid Ali (Party of Vth Part) 08.00%
6) Jalees Ahmad (Party of VIth Part) 20.00%
7) Zakira Begam (Party of VIIth Part) 08.00%
8) Mohammad Irfan (Party of VIIIth Part) 08.00%

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8. That the Bank Accounts shall be operated by and maintained by the partners in the name of the firm
which shall be operated by the signatures of party of Mr.Abdul Gafoor (Party of 1st Part) and
Mushahid Ali (Party Of the 5th Part ) severally and/or jointly.

9. That all the partners shall be severally be authorized to receive ,file and sign all the documents on
behalf of the firm with Government and Private Parties.

10. That the financial year of the firm shall start on 1st April each year and shall end on 31st March and
the rendition of accounts and division profit or Loss as the case may be shall take place at 31st day of
March every year unless the firm dissolves or reconstituted during the financial year itself.

11. That the firm may take loan cash credit limit overdrafts from any bank financial institution, UPFC or
any firm or person for the business purposes and may pledge or mortgage any assets & immovable
properties of the firm against the loan, overdraft or cash credit.

12. That the partners may by mutual consent either orally or in writing add to or subtract from and
modify any term /terms of this deed which shall be treated as part to such deed.

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13. That in all the matter, in respect of which this deed of partnership is silent, the provisions of Indian
Partnership Act 1932 shall apply to the affairs of the firm.

14. That in case of demise of any partners, the legal heirs of such partner shall have right become

15. partner in the partnership firm in place of demised partner.

16. That the duration of Partnership shall be AT WILL.

These deed of partnership is being written on Non-Judicial Stamp worth Rs.750/=(Rs………………………

And as a token of consent of the all above, the parties to this Deed have put their signatures at Tanda
on this 12th Day of February 2018 in presence of following who have singed as under:

PARTIES WITNESSES
1. Abdul Gafoor---------------------------- ---- 1.--------------------------------------------------

2. Shzda Begam-------------------------------- 2.--------------------------------------------------

3. Ashraf Ali---- --------------------------------

4. Muassar Alii--------------------------------

5. Mushahid Ali--------------------------------

6. Jalees Ahmad----------------------------------

7. Zakira begam----------------------------------

8. Mohammad Irfan----------------------------

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