MIRA INFORM REPORT

Report Date :

3^rd June 2006

IDENTIFICATION DETAILS

Name :	GEODESIC TECHNIQUES PRIVATE LIMITED
Registered Office :	#48, 10^TH A, Main 17^th Cross, Malleswaram, Bangalore, Karnataka – 560003, India
Country :	India
Financials (as on) :	31.03.2005
Date of Incorporation :	30.12.1986
Com. Reg. No.:	08-8072
CIN No.: [Company Identification No.]	U85110KA1986PTC008072
TAN No.: [Tax Deduction & Collection Account No.]	BLRG00173F
PAN No.: [Permanent Account No.]	AAACG6623J
Legal Form :	Private Limited Liability Company
Line of Business :	Contract Work

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 60000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having fine track. Financial position is good. Payments are correct and as per commitments. The company can be considered good for any normal business dealings at usual trade terms.

LOCATIONS

Registered Office :	# 48, 10^TH A, Main 17^th Cross, Malleswaram, Bangalore, Karnataka – 560003, India
Cooperate Office:	No. 4, 4^th Cross, Peenya Industrial Estate, Bangalore – 560058, Karnataka, India
Tel. No.:	91-80-241524030/ 28371502/28371503/28394230
Fax no.:	91-80-28371502
Branches :	Bangalore No.1, Prince of Wales Road Off Queens Road Cantonment Bangalore 560001 Tel  : +91 80 41524030-36 Fax : +91 80 41524037 259, Abhishek Complex Sampige Road 17th Cross, Mallesaram BANGALORE 560 003. Tel  : +91 80 2356 3634/5 Fax : +91 80 2356 3403/4 Mumbai C-4, Commerce Centre Tardeo Road MUMBAI 400 034. Tel : +91 22 56066165 New Delhi A-416, Somdatt Chambers - I 5, Bhikaji Cama Place NEW DELHI 110 066. Tel : + 91 11 3500 5105/ 3500 5580 Email: geodesic@vsnl.com

DIRECTORS

Name :	Srinidhi Anantharaman
Designation :	Chairman and Managing Director
Address :	No, 120, A Main 17^th Cross, Malleswaram, Bangalore, Karnataka – 560003, India
Date of Birth/Age :	24.11.1958
Date of Appointment :	30.12.1986
Name :	Mythili Anantharaman
Designation :	Director
Address :	No. 9, Moyenvillae Road, Langford Towll, Bangalore – 560025
Date of Birth/Age :	13.12.1962
Date of Appointment :	18.06.2002
Name :	S. Muralidhar
Designation :	Director – Finance
Name :	M Pradyumna
Designation :	Director – Design
Name :	Y S Nagaraja
Designation :	Director – Construction
Name :	Jyoti Ubhyankar
Designation :	Senior manager – Design
Name :	Sumitra Iyengar
Designation :	Director – Infrastructure
Name :	CDR. Prakash Rao
Designation :	Director – Project

KEY EXECUTIVES

Name :	R K Bhat and Company
Designation :	Company secretary
Address :	No. 105/8 & 15, Saleh Ahmed Building, Infantry Road, Bangalore – 560001
Tel No.:	91-80-2327737 / 25587377 (Res. 26796726)
Fax No. :	91-80-51132211
Email :	rameshbhat@vsnl.net
Name :	LT. Col. T. A. Srinivas
Designation :	Vice President – Project
Name :	Biligiri Vasu
Designation :	Chief Executive Officer

MAJOR SHAREHOLDERS

Names of Shareholders	No. of Shares
Srinidhi Anathraman	23283
Mythili and Srinidhi Ananthraman	75
Mrs. Mythili Ananthraman	735
H N Ananthraman	950
H. A. Gopinath	40
H A Gopinath and Veena Gopinath	25
Mr. Sethurao Iyengar	575
Mrs. Iyengar	635
P Bharathi	150
Mrs. Gupta	320
Mr. Ranganathan	232
TDICI	9000
Mrs. Vandana Murthy	200
Mr. B G Vardaraj	110
Mr. Srinivas	100
Mrs. H. N. Seethalakshmi	150
Mr. R. B. Navale	150
Mrs. Rangalakshmi	150
Mrs. Sukanya Narayan	150
Mrs. Shylaja Navale	150
Mrs. Lakshmi Navale	200
Mrs. V. M. B. Navale	100
Mrs. Vimala Vasan	100
Mr. M. Pradyumna	100
Mrs. Sudharani	200
Mrs. Sridevi Prasad	635
N. S. N. Iyengar	250
Mr. Sandeep Lal	100
Mr. Bhaskar Rao	185
Amith Roy	100
Gopal Naale	100
Total	39250

BUSINESS DETAILS

Line of Business :	Contract Work
Products :	Contract Work

GENERAL INFORMATION

No. of Employees :

300

Bankers :

ICICI Bank

Citi Bank

State Bank of India

Facilities :

Secured loan	(Rs in millions)
Loans and advances from Banks
Cash credit account with Indian bank (Secured by hypothecation of whole movable property of the company situated at No. 4, 4^th cross, Penya Industrial Estate, Peenya 1^st Stage Bangalore - 560058)	1.329
Over drafts account with State Bank of India (Secured by pledge of fixed deposit receipts)	1.073
From others
A. Conditional Loan from TDICI ( ICICI venture funds Management company Limited ) (Secured by hypothecation of whole movable property of the company situated at Bangalore including company’s movable plant and machinery, machinery spares, movable both present and future save except book dents.)	3.999
B. Term Loan from TDICI (secured by hypothecation of all company’s movables including machinery, except book debts)	0.95
Interest on above loans a and b	1.506
Unsecured Loan
From Bank
Car loan from ICICI Bank	1.188
Office Equipments loan from ICICI Bank	0.016
Car loan from CITI Bank NA	1.321

Banking Relations :	Good
Auditors :	P. Ganapathi Bhat and Company Chartered Accountants No. 18, II Floor, V Main Road, Gandhinagar, Bangalore – 580009
Tel. No.:	91-80-22267060
Fax No.:	91-80-22266909

CAPITAL STRUCTURE

Authorised Capital :

No. of Shares	Type	Value	Amount
40000	Equity Shares	Rs. 100/- each	Rs. 4.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
39250	Equity Shares	Rs. 100/- each	Rs. 3.925 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2005	31.03.2004
SHAREHOLDERS FUNDS
1] Share Capital		3.925	3.925
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		11.582	6.863
4] (Accumulated Losses)		0.000	0.000
NETWORTH		15.507	10.788
LOAN FUNDS
1] Secured Loans		9.002	4.428
2] Unsecured Loans		3.904	5.298
TOTAL BORROWING		12.906	9.726
DEFERRED TAX LIABILITIES		0.278	0.391
TOTAL		28.691	20.905
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7.837	5.868
Capital work-in-progress		0.000	0.000
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.134	0.300
	Sundry Debtors	29.899	16.225
	Cash & Bank Balances	3.860	2.656
	Other Current Assets	0.000	0.000
	Loans & Advances	11.043	7.285
Total Current Assets		46.936	26.466
Less : CURRENT LIABILITIES & PROVISIONS
	Current Liabilities	22.774	8.965
	Provisions	3.308	2.464
Total Current Liabilities		26.082	11.429
Net Current Assets		20.854	15.037
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		28.691	20.905

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2005	31.03.2004
Sales Turnover [including other income]	125.741	117.262
Profit/(Loss) Before Tax	7.885	6.310
Provision for Taxation	2.942	2.350
Profit/(Loss) After Tax	4.943	3.960
Imports Value	0.227	Nil
Total Expenditure	113.817	108.925

KEY RATIOS

PARTICULARS		31.03.2005	31.03.2004
PAT / Total Income	(%)	3.93	3.37
Net Profit Margin (PBT/Sales)	(%)	6.27	5.38
Return on Total Assets (PBT/Total Assets}	(%)	14.39	19.51
Return on Investment (ROI) (PBT/Networth)		0.50	0.58
Debt Equity Ratio (Total Liability/Networth)		2.51	1.96
Current Ratio (Current Asset/Current Liability)		1.79	2.31

LOCAL AGENCY FURTHER INFORMATION

Fixed Assets :

v Plant and Machinery

v Computer

v Office Equipments

v Vehicles

v Furniture and Fittings

v Software

v Building

Future Prospects :

The future prospects of the company is very bright.

Name of the company	GEODESIC TECHNIQUES PRIVATE LIMITED
Presented By	Srinidhi Anantraman, Managing Director
1) Date and description of instrument creating the change	Unattested deed of hypothecation of movables dated 17.05.1991 hypothecation of book debts dated 17.05.1991 both related to single charge
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 3.100 millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Hypothecation of present as well as future book debts, outstanding money, receivables, claims, bills, contracts, engagements, securities, investments etc. hypothecation movables already purchased such as concrete hand mixer, Hacksaw machines, Drilling machine UPS, EGA monitor, Circular sane, weighing machine, dies tools, pp plant, computer hydraulic pipe binding, oxy acetylene torch, furniture and fixture cycle and motor cycle.
4) Gist of the terms and conditions and extent and operation of the charge.	Interest at 12 % above RBI rate subject to minimum of 22 % p.a.
5) Name and Address and description of the person entitled to the charge.	Corporation Bank S. C. Road, Bangalore
6) Date and brief description of instrument modifying the charge	Not Applicable
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Not Applicable
Name of the company	GEODESIC TECHNIQUES PRIVATE LIMITED
Presented By	Srinidhi Anantraman, Managing Director
1) Date and description of instrument creating the change	Deed of hypothecation dated the 3^rd day of January, 1991 executed by GEODESIC TECHNIQUES PRIVATE LIMITED in favour of Technology development and information company of India limited a copy of which is enclosed.
2) Amount secured by the charge/amount owing on the securities of charge	Loan of Rs. 1.200 millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	The whole of the moveable properties of the company situated at Bangalore including the companies moveable plant and machinery, machinery spares, tools and accessories and other moveable, both present and future, (save and except book dents) (therein and hereinafter referred to as the said goods) short particular whereof are given in the Annexure.
4) Gist of the terms and conditions and extent and operation of the charge.	In consideration of TDICI having agreed to lend and advance to the company the normal loan agreement and declaration by the company inter alias, as follows. Covenant by the company to pay principal, interest and all other monies in the manner set out in the normal loan agreement between the company and TDICI and to comply with the terms and conditions of the said normal loan agreement. The said goods were thereby hypothecation inter alia to TDICI as and by way of first charge as security for and be charged with the repayment of the normal loan with all interest, liquidated damages premia on prepayment or on redemption, costs, charges and other expenses payable by the company to TDICI on the said goods will be subject to the charge or charges created and / or to be created by the company In favour of its bankers on its stocks of raw materials, semi finished and finished goods, consumable stores and such other moveable as may be agreed to by TDICI to secure borrowing in the ordinary courses of business of the company for its working capital requirements. The company to keep the said goods in marketable and good condition and also insured as provided therein. Power of entry power to take charge and / or possession of seize, recover, revive appoint receivers of and remove and or sale by public auction or private contract despatch for realisation or other wise dispose of or deal with all or any part of the said goods etc. as provided therein.
5) Name and Address and description of the person entitled to the charge.	Technology development and information company of India limited Leo complex, 5^th Floor, 44 & 45 Residency cross Road Bangalore - 560025
6) Date and brief description of instrument modifying the charge	Not Applicable
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Not Applicable
Name of the company	GEODESIC TECHNIQUES PRIVATE LIMITED
Presented By	Srinidhi Anantraman, Managing Director
1) Date and description of instrument creating the change	Deed of hypothecation dated the 3^rd day of January, 1991 executed by GEODESIC TECHNIQUES PRIVATE LIMITED in favour of Technology development and information company of India limited a copy of which is enclosed.
2) Amount secured by the charge/amount owing on the securities of charge	Loan of Rs. 3.400 millions (therein and hereafter referred to as the conditional loan)
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	The whole of the moveable properties of the company situated at Bangalore including the companies moveable plant and machinery, machinery spares, tools and accessories and other moveable, both present and future, (save and except book dents) (therein and hereinafter referred to as the said goods) short particular whereof are given in the Annexure.
4) Gist of the terms and conditions and extent and operation of the charge.	In consideration of TDICI having agreed to lend and advance to the company the normal loan agreement and declaration by the company inter alias, as follows. Covenant by the company to pay principal, interest and all other monies in the manner set out in the normal loan agreement between the company and TDICI and to comply with the terms and conditions of the said normal loan agreement. The said goods were thereby hypothecation inter alia to TDICI as and by way of first charge as security for and be charged with the repayment of the normal loan with all interest, liquidated damages premia on prepayment or on redemption, costs, charges and other expenses payable by the company to TDICI on the said goods will be subject to the charge or charges created and / or to be created by the company In favour of its bankers on its stocks of raw materials, semi finished and finished goods, consumable stores and such other moveable as may be agreed to by TDICI to secure borrowing in the ordinary courses of business of the company for its working capital requirements. The company to keep the said goods in marketable and good condition and also insured as provided therein. Power of entry power to take charge and / or possession of seize, recover, revive appoint receivers of and remove and or sale by public auction or private contract despatch for realisation or other wise dispose of or deal with all or any part of the said goods etc. as provided therein.
5) Name and Address and description of the person entitled to the charge.	Technology development and information company of India limited Leo complex, 5^th Floor, 44 & 45 Residency cross Road Bangalore - 560025
6) Date and brief description of instrument modifying the charge	Not Applicable
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Not Applicable
Name of the company	GEODESIC TECHNIQUES PRIVATE LIMITED
Presented By	Srinidhi Anantraman, Managing Director
1) Date and description of instrument creating the change	Unattested deed of hypothecation of movables hypothecation of book debts dated 20.12.1989 both related to single charge
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 0.150 millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Hypothecation movables already purchased by the company more fully described in Sch I of the agreement hypothecation of raw materials consisting of steel, tubes, steel sections and other steel materials, construction materials sucha s sand, brick, class, etc. in various finished state.
4) Gist of the terms and conditions and extent and operation of the charge.	Interest at 7.5 % p.a. above the RBI rate subject to minimum of 17.5 % p.a. Over the interest at 2.0 % p.a. over and above normal rate of interest.
5) Name and Address and description of the person entitled to the charge.	Corporation Bank S. C. Road, Bangalore
6) Date and brief description of instrument modifying the charge	Supplemental deed of hypothecation of good dted 21.05.1990 and unattested deed of hypothecation of movable dated 21.05.1990 both agreement pertain to single modification.
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	By the modification, the amount of charge has been enhanced from Rs. 0.150 millions to Rs. 0.300 millions . addition security including movables plant and machinery more fully described in sch I of the agreement has been offered. Interest at 7.5 % p.a. above the RBI rate subject to minimum of 17.5 % p.a.
Name of the company	GEODESIC TECHNIQUES PRIVATE LIMITED
Presented By	Srinidhi Anantraman, Managing Director
1) Date and description of instrument creating the change	Unattested deed of hypothecation of movables hypothecation of book debts dated 20.12.1989 both related to single charge
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 0.150 millions
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	hypothecation movables already purchased by the company more fully described in Sch I of the agreement hypothecation of raw materials consisting of steel, tubes, steel sections and other steel materials, construction materials such as sand, brick, class, etc. in various finished state.
4) Gist of the terms and conditions and extent and operation of the charge.	Interest at 7.5 % p.a. above the RBI rate subject to minimum of 17.5 % p.a. Over the interest at 2.0 % p.a. over and above normal rate of interest.
5) Name and Address and description of the person entitled to the charge.	Corporation Bank S. C. Road, Bangalore
6) Date and brief description of instrument modifying the charge	Not Applicable
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Not Applicable
Name of the company	GEODESIC TECHNIQUES PRIVATE LIMITED
Presented By	Srinidhi Anantraman, Managing Director
1) Date and description of instrument creating the change	Deed of hypothecation dated the 3^rd day of January, 1991 executed by GEODESIC TECHNIQUES PRIVATE LIMITED in favour of Technology development and information company of India limited a copy of which is enclosed.
2) Amount secured by the charge/amount owing on the securities of charge	Loan of Rs. 3.400 millions (therein and hereafter referred to as the conditional loan)
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	The whole of the moveable properties of the company situated at Bangalore including the companies moveable plant and machinery, machinery spares, tools and accessories and other moveable, both present and future, (save and except book dents) (therein and hereinafter referred to as the said goods) short particular whereof are given in the Annexure.
4) Gist of the terms and conditions and extent and operation of the charge.	In consideration of TDICI having agreed to lend and advance to the company the normal loan agreement and declaration by the company inter alias, as follows. Covenant by the company to pay principal, interest and all other monies in the manner set out in the normal loan agreement between the company and TDICI and to comply with the terms and conditions of the said normal loan agreement. The said goods were thereby hypothecation inter alia to TDICI as and by way of first charge as security for and be charged with the repayment of the normal loan with all interest, liquidated damages premia on prepayment or on redemption, costs, charges and other expenses payable by the company to TDICI on the said goods will be subject to the charge or charges created and / or to be created by the company In favour of its bankers on its stocks of raw materials, semi finished and finished goods, consumable stores and such other moveable as may be agreed to by TDICI to secure borrowing in the ordinary courses of business of the company for its working capital requirements. The company to keep the said goods in marketable and good condition and also insured as provided therein. Power of entry power to take charge and / or possession of seize, recover, revive appoint receivers of and remove and or sale by public auction or private contract despatch for realisation or other wise dispose of or deal with all or any part of the said goods etc. as provided therein.
5) Name and Address and description of the person entitled to the charge.	Technology development and information company of India limited Leo complex, 5^th Floor, 44 & 45 Residency cross Road Bangalore - 560025
6) Date and brief description of instrument modifying the charge	Supplemental conditional loan agreement dated 21.08.1991 and Modified deed of hypothecation dated 21.08.1991. both refer to the same charge.
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Charge extended on additional loan of Rs. 0.600 millions. total charge is for Rs. 4.000 millions both refer to same charge.
Name of the company	GEODESIC TECHNIQUES PRIVATE LIMITED
Presented By	GEODESIC TECHNIQUES PRIVATE LIMITED and State Bank of India, IFB Bangalore
1) Date and description of instrument creating the change	21.09.2005 agreement of hypothecation of goods and assets Letter re : the grant of individual limits within the overall limit Both the above pertain to the same charge
2) Amount secured by the charge/amount owing on the securities of charge	Rs. 35.000 millions CC : Rs. 15.000 millions ; Term Loan Rs. 5.000 millions letter of credit Rs: 5.000 millions Bank guarantee Rs. 10.000 millions 100 % interflexibility between LC and BG Limits permitted on a case to case basis
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given	Hypothecation of all present and future goods, Book debts and all other movable assets of the borrower including document of title to goods outstanding monies, receivables including receivables by way of cash assistance and cash incentives under the cash incentive scheme or any other scheme, claims including claims by way of refund of customer duties under the duty draw back credit scheme or any other scheme, bills, invoice documents, contacts insurance policies, guarantees, engagements, securities, investment right and the present machinery and all future machinery belonging to or in the possession or under the control of the borrower wherever lying stored and kept whether in the possession of the borrower or of the bank or of the nay third party whether in India or elsewhere thorough the world including all such goods, other movable assets as may be in course of shipment, transit of delivery by way of first charge.
4) Gist of the terms and conditions and extent and operation of the charge.	Rate of Interest : CC – 11.25 % p.a. being 1 % over SBAR with monthly rests TL : : CC – 11.75 % p.a. being 1.5 % over SBAR with monthly rests Margin : CC 25 % TL : 33.33 % Repayment : CC. On Demand TL : in 40 equal monthly instalments of Rs. 0.125 millions commencing from the month of October, 2005
5) Name and Address and description of the person entitled to the charge.	State Bank of India Industrial Finance Branch Residency Plaza No. 61 Residency Road Bangalore - 560025
6) Date and brief description of instrument modifying the charge	Not Applicable
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Not Applicable

AS PER WEBSITE

Geodesic is founded on a four-decade long civil engineering heritage and is led by a team of well-qualified and experienced professionals from the fields of civil engineering, architecture and construction.

Geodesic offers design and construction services to match budgets and performance needs of clients across a wide spectrum of applications, meeting stringent quality and safety standards.

The company's expertise in diverse construction techniques enable it to create innovative and customized solutions to suit every application.

Geodesic has executed challenging design and construction projects for companies in the private and public sector, government departments and individual entrepreneurs.

The company's design and construction projects include factories, offices, stadiums, auditoriums, hotels, temples and diverse utility outlets.

Design, Construction Management and Turnkey Construction Services in the field of large-span high-rise commercial, industrial and speciality buildings.

Turnkey Construction

Large span and/or high rise economical, industrial and specialty building projects

Integration of architectural engineering, structural engineering and design and construction management capabilities

Design and construction contracts on lumpsum and cost plus basis

Design and Build

v Automated design process

v Sourcing of wide range of materials and products efficiently and economically

v Large team of trained work force for ececuting complex pre-fabricated structures

Architectural Engineering

v Architectural detailing of building elements

v Product development in glass, aluminium, steel, fabric and other materials

v Spatial planning for meterial movement and circulation

v Integration of environmental control and energy conservation with intelligent building services

v Design of building forms and function

v Construction metrials and methods

v Design optimisation

v Industrial engineering and process planning

Structural Engineering

v Analysis, design and optimization of structural elements and systems.

v Automated analysis, design and drafting

v Customized and standardized design solutions

v Sopisticated finite element techniques and simulation

v Specialized tools for development of geometrical and mathematical models

v Understanding and advising on structural behaviour

Design and Construction Management

v Design management and co-ordination

v Site selection, schematics and fast-track construction

v Planning and control of activities, costs and time schedules

v Quality and safety management

v Sophisticated information systems

Geodesic has designed and executed a rich mix of projects.

Aeronautical Development Agency
Bangalore: Retractable Skylight

Amoeba Entertainment Centre
Bangalore: Roof and Suspended Floor

Ansun Multitech
Noida: PEB for Factory

Aquatics, Tennis & Hockey Stadiums
Chennai: Space Frames over Grand Stands

Bangalore Development Authority
Bangalore: Restoration of Glass House at Lalbagh

Birla Temple
Alibagh: Pyramidal Space Frames

Capital Court
New Delhi: Glazed Inclined Space Frame

Caryaire Equipments
Greater Noida: PEB for Manufacturing Plant

Hindustan Aeronautics Limited
Bangalore: PEBs & Turnkey Buildings for

IMGT Hangar and Kaveri Engine Assembly Shop

Indian Oil Corporation
14 Plants Countrywide: Space Frame Roofing

for LPG Bottling Plants

ING Vysya Bank
Bangalore: Glass Skylight

Koramangala Indoor Stadium
Bangalore: Space Frame Roofing

Mahindra Towers
Mumbai: Space Frame

Mallya Aditi International School
Bangalore: Terrace Space Frame

Metro Cash & Carry India
Bangalore: Car Park and Totem

Miss World pagent, 1996
Bangalore: Stage

Nirmal Lifestyles
Mumbai: Glass Geodesic Dome and Barrel Vault

Phoenix Global Solutions
Bangalore: Glass Geodesic Dome and Corporate Block

SAP Labs
Bangalore: Tensigrity Skylight

Sindhi Seva Samiti Trust
Bangalore: Glazed Space Frame Skylights

S.S.E.S. Library
Tumkur: Glass Geodesic Dome

Southern Railways
Tambaram: Pre-engineered Maintenance Shed

Unilever
Bangalore: Greenhouse Structure

Skywalks:
Pedestrian Bridges

Contemporary design

Pedestrian friendly

Revenue from Billboards

Prefabricated

Rapid Installation

Pedestrian friendly

Spans up to 40m

Elevated roads:
Elevated High Speed Roads

Space-frame technology

Large spans

Partly prefabricated

Rapid construction

Steel-Concrete composite

Slender Pylons

Cheaper than RCC/ PSC

Monorails:
People Mover Transit Systems

Electricallypowered

Single elevated beam

Pollution free

Silent operation

High speed travel

CMT REPORT [Corruption, Money laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 45.92
UK Pound	1	Rs. 86.09
Euro	1	Rs. 59.31

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		63

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions