MIRA INFORM REPORT

Report Date :

10.12.2011

IDENTIFICATION DETAILS

Name :	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED
Registered Office :	ICICI Prulife Tower 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	20.07.2000
Com. Reg. No.:	11-127837
Capital Investment / Paid-up Capital :	Rs.14284.611 Millions
CIN No.: [Company Identification No.]	U66010MH2000PLC127837
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Providing Life Insurance and Pension Services.
No. of Employees :	Over 13000 employees and over 176000 advisors [as on 31.03.2011]

RATING & COMMENTS

MIRA’s Rating :

Aa (72)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 190000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a Joint Venture between ICICI Bank and Prudential of UK. It is a well established and reputed company having fine track. Financial position of the company appears to be sound. Fundamentals are strong and healthy. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INFORMATION DECLINED BY

Management non co-operative.

LOCATIONS

Registered Office :	ICICI Prulife Tower 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India
Tel. No.:	91-22-66621600/ 56621788
Fax No.:	91-22-24376956/ 56622029
E-Mail :	cl.baradhwaj@iciciprulife.com wecoveryou@iciciprulife.com ami.badani@iciciprulife.com sanaulla.khan@iciciprulife.com
Website :	http://www.iciciprulife.com

DIRECTORS

As on 19.07.2011

Name :

Mrs. Chanda Deepak Kochhar

Designation :

Director

Address :

CCI Chambers, Flat No.45, 5^th Floor, Dinshaw Vacha Road, Mumbai – 400020, Maharashtra, India

Date of Birth/Age :

11.11.1961

Date of Appointment :

28.05.2002

Din No.:

00043617

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L65190GJ1994PLC021012	ICICI BANK LIMITED	Managing director	01-05-09	01-04-01	-	Active	NO
2	U65922MH1999PLC120106	ICICI HOME FINANCE COMPANY LIMITED	Director	06-05-02	06-05-02	27-12-06	Active	NO
3	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Nominee director	21-04-09	28-05-02	-	Active	NO
4	U65990MH2000PLC124773	ICICI INVESTMENT MANAGEMENT COMPANY LIMITED	Nominee director	16-11-06	16-11-06	01-09-08	Active	NO
5	U67200MH2000PLC129408	ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED	Nominee director	01-09-08	01-09-08	-	Active	NO
6	U99999DL1993PLC054135	ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED	Nominee director	29-05-09	01-09-08	-	Active	NO
7	U67120MH1995PLC086241	ICICI SECURITIES LIMITED	Director	20-11-08	15-10-08	-	Active	NO
8	L74899DL1993GOI054155	OIL AND NATURAL GAS CORPORATION LIMITED	Additional director	11-11-08	11-11-08	24-06-09	Active	NO
9	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	29-09-10	08-01-10	-	Active	NO

Name :

Mr. Ramkumar Krishnaswamy

Designation :

Director

Address :

101, Phoenix House, 91, Sayani Road, Prabhadevi, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

08.08.1961

Date of Appointment :

13.10.2008

Din No.:

00244711

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U65922MH1999PLC120106	ICICI HOME FINANCE COMPANY LIMITED	Director	26-04-05	26-04-05	27-12-06	Active	NO
2	U80903DL2006PLC149721	NIIT INSTITUTE OF FINANCE BANKING AND INSURANCE TRAINING LIMITED	Director	06-09-07	26-09-06	31-01-09	Active	NO
3	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	12-06-09	13-10-08	-	Active	NO
4	L65190GJ1994PLC021012	ICICI BANK LIMITED	Director	29-06-09	01-02-09	-	Active	NO
5	U72200MH1989PLC166901	ICICI VENTURE FUNDS MANAGEMENT COMPANY LIMITED	Director	05-07-10	08-05-09	-	Active	NO

Name :

Mr. Kannan Shrinivasa Narayanan

Designation :

Whole Time Director

Address :

Flat No.204, Tower B, Kalpataru Horrizon, S K Ahire Marg, Worli, Mumbai – 400018, Maharashtra, India

Date of Birth/Age :

30.06.1965

Date of Appointment :

01.05.2009

Din No.:

00066009

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L11100GJ1989PLC032116	ESSAR OIL LIMITED	Nominee director	28-01-05	28-01-05	04-03-09	Active	NO
2	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Nominee director	12-06-09	30-07-05	-	Active	NO
3	U35111GJ1993FLC053434	VADINAR OIL TERMINAL LIMITED	Nominee director	29-10-05	29-10-05	18-03-09	Active	NO
4	U80903DL2006PLC149721	NIIT INSTITUTE OF FINANCE BANKING AND INSURANCE TRAINING LIMITED	Director	06-09-07	28-03-07	30-04-09	Active	NO
5	U66000MH2009PLC191935	ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED	Director	22-04-09	22-04-09	01-05-09	Active	NO
6	U72900MH1993PLC131900	ICICI SECURITIES PRIMARY DEALERSHIP LIMITED	Director	01-05-09	01-05-09	-	Active	NO
7	L65190GJ1994PLC021012	ICICI BANK LIMITED	Director	29-06-09	01-05-09	-	Active	NO
8	U67200MH2000PLC129408	ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED	Nominee director	01-05-09	01-05-09	-	Active	NO
9	U99999DL1993PLC054135	ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED	Nominee director	31-05-10	01-05-09	-	Active	NO

Name :

Mr. Barry Lee Stowe

Designation :

Director

Address :

11/F, Eva Court, No.36, Macdonnell Road, Hong Kong

Date of Birth/Age :

27.11.1957

Date of Appointment :

06.11.2006

Din No.:

00953024

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U99999DL1993PLC054135	ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED	Nominee director	15-06-07	06-11-06	Active	NO
2	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	06-07-07	06-11-06	Active	NO

Name :

Mr. Adrian Thomas O’Connor

Designation :

Director

Address :

12B, 127 Repulse Bay Road, Hong Kong

Date of Birth/Age :

29.12.1958

Date of Appointment :

23.07.2008

Din No.:

02417554

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	12-06-09	23-07-08	Active	NO

Name :

Mr. Keki Bomi Dadiseth

Designation :

Director

Address :

8 A, Mane K Building L D Ruparel Marg, Malabar, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

20.12.1945

Date of Appointment :

26.04.2006

Din No.:

00052165

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U85100MH1946GAP005082	BREACH CANDY HOSPITAL TRUST	Director	23-04-90	23-04-90	-	Active	NO
2	L74999MH1902PLC000183	THE INDIAN HOTELS COMPANY LIMITED	Director	09-05-00	09-05-00	-	Active	NO
3	L24110MH1947PLC005719	PIRAMAL HEALTHCARE LIMITED	Director	01-12-05	01-12-05	-	Active	NO
4	L28920MH1957PLC010839	SIEMENS LIMITED	Director	27-01-06	27-01-06	-	Active	NO
5	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	26-04-06	26-04-06	-	Active	NO
6	L15412WB1918PLC002964	BRITANNIA INDUSTRIES LIMITED	Director	31-05-06	31-05-06	-	Active	NO
7	U74899DL1993PLC054134	ICICI PRUDENTIAL TRUST LIMITED	Nominee director	29-06-06	29-06-06	-	Active	NO
8	U32109MH1986PLC168454	TIMES GLOBAL BROADCASTING COMPANY LIMITED	Director	13-09-06	13-09-06	31-03-08	Active	NO
9	U51900MH1992PTC065995	CAPITAL ART ADVISORY PRIVATE LIMITED	Director	01-03-07	01-03-07	06-04-07	Active	NO
10	U74999MH2007FTC168367	OMNICOM INDIA MARKETING ADVISORY SERVICES PRIVATE LIMITED	Director	15-04-07	15-04-07	-	Active	NO
11	L74120MH1985PLC035308	GODREJ PROPERTIES LIMITED	Director	18-06-08	16-01-08	-	Active	NO
12	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	29-09-08	05-04-08	-	Active	NO
13	U74899DL1994PTC062781	SONY INDIA PRIVATE LIMITED	Director	30-07-09	09-07-09	-	Active	NO

Name :

Prof. Marti Gurunath Subrahmanyam

Designation :

Director

Address :

70, East Tenth Street, #18-S, New York – 10003, USA

Date of Birth/Age :

23.08.1946

Date of Appointment :

26.07.2007

Din No.:

00306761

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L85110KA1981PLC013115	INFOSYS LIMITED	Director	10-04-98	10-04-98	23-08-11	Active	NO
2	L65190GJ1994PLC021012	ICICI BANK LIMITED	Director	03-05-02	03-05-02	03-05-10	Active	NO
3	U73100KA2000PLC028246	METAHELIX LIFE SCIENCES LIMITED	Director	02-06-05	02-06-05	30-12-10	Active	NO
4	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	28-05-08	26-07-07	-	Active	NO
5	U45400MH2007PTC176833	AGM INDIA ADVISORS PRIVATE LIMITED	Director	06-11-08	23-07-08	-	Active	NO
6	U65100TN2009PTC070519	VAYANA ENTERPRISES PRIVATE LIMITED	Director	13-08-10	01-01-10	-	Active	NO
7	U67190MH1994PLC077858	LIC NOMURA MUTUAL FUND ASSET MANAGEMENT COMPANY LIMITED	Director	05-08-11	18-01-11	-	Active	NO

Name :

Mr. Rama Ashoke Bijapurkar

Designation :

Additional Director

Address :

8, C-D Mona Apartments 46 F, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

12.02.1957

Date of Appointment :

17.01.2008

Din No.:

00001835

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L67120MH1987PLC042363	CRISIL LIMITED	Director	17-01-00	17-01-00	-	Active	NO
2	L85110KA1981PLC013115	INFOSYS LIMITED	Director	29-03-01	29-03-01	13-04-10	Active	NO
3	L24246MH2000PLC129806	GODREJ CONSUMER PRODUCTS LIMITED	Director	01-04-01	01-04-01	30-10-10	Active	NO
4	U91110GJ2000NPL037902	GIVE FOUNDATION	Director	20-12-01	20-12-01	29-09-10	Active	NO
5	U65923MH1997PTC109992	AMBIT CORPORATE FINANCE PRIVATE LIMITED	Director	16-07-02	16-07-02	30-12-07	Active	NO
6	L65110GJ1993PLC020769	AXIS BANK LIMITED	Director	17-01-05	17-01-05	-	Active	NO
7	U72100MH2000PLC128108	CRISIL RISK AND INFRASTRUCTURE SOLUTIONS LIMITED	Director	14-12-05	14-12-05	-	Active	NO
8	L92140MH1999PLC120516	ENTERTAINMENT NETWORK (INDIA) LIMITED	Director	11-02-06	11-02-06	22-12-08	Active	NO
9	U15531KA2000PLC035817	SABMILLER INDIA LIMITED	Director	07-09-06	07-09-06	20-11-07	Active	NO
10	U52599TN1997PLC037948	SUBHIKSHA TRADING SERVICES LIMITED	Director	24-04-07	24-04-07	09-01-09	Active	YES
11	L55101TN1996PLC036595	MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED	Director	19-06-08	25-07-07	-	Active	NO
12	U74999MH2006PLC165722	FUTURE BRANDS LIMITED	Director	29-09-07	06-08-07	28-11-07	Active	NO
13	U93000MH2007PTC173520	NEXT PRACTICE RETAIL PRIVATE LIMITED	Director	27-08-07	27-08-07	-	Active	YES
14	U51900MH1999PTC121703	AMBIT HOLDINGS PRIVATE LIMITED	Director	29-07-08	30-11-07	-	Active	NO
15	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	28-05-08	17-01-08	-	Active	NO
16	U74899DL2006NPL144824	VISHWAS VISION FOR HEALTH. WELFARE AND SPECIAL NEEDS	Additional director	20-01-08	20-01-08	-	Active	NO
17	U65923KA2006PTC040028	JANALAKSHMI FINANCIAL SERVICES PRIVATE LIMITED	Director	14-05-11	15-05-08	-	Active	NO
18	L23220MH1952GOI008931	BHARAT PETROLEUM CORPORATION LIMITED	Director	22-09-08	20-05-08	30-06-10	Active	NO
19	L65921MH1991PLC059642	MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED	Director	23-07-08	14-06-08	-	Active	NO
20	L45201TN1995PLC033541	SUBIKSHA RETAIL LIMITED	Director	26-09-08	28-06-08	09-01-09	Active	NO

Name :

Mr. Vinod Kumar Chand Dewan Dhall

Designation :

Director

Address :

Dewan Manohar House, B-88, Sector 51, Noida – 201301, Uttar Pradesh

Date of Birth/Age :

20.02.1944

Date of Appointment :

05.03.2009

Din No.:

02591373

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	12-06-09	05-03-09	Active	NO
2	U74899DL1993PLC054134	ICICI PRUDENTIAL TRUST LIMITED	Director	30-05-11	15-07-10	Active	NO
3	L55101DL1980PLC011037	ASIAN HOTELS (NORTH) LIMITED	Director	22-09-11	11-11-10	Active	NO
4	L31102DL1957PLC193993	AREVA T AND D INDIA LIMITED	Director appointed in casual vacancy	04-02-11	04-02-11	Active	NO
5	U66000MH2009PLC191935	ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED	Director	19-07-11	21-04-11	Active	NO

Name :

Mr. Sandeep Suraj Bakshi

Designation :

Director

Address :

B4, Tanna Residency, Opp. Siddhivinayak Temple, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

28.05.1960

Date of Appointment :

01.08.2010

Din No.:

00109206

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U67200MH2000PLC129408	ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED	Nominee director	01-05-09	19-03-02	31-07-10	Active	NO
2	L74899DL1983PLC014942	BHUSHAN STEEL LIMITED	Nominee director	29-03-06	29-03-06	26-03-09	Active	NO
3	U72900MH2006PLC162656	FINANCIAL INCLUSION NETWORK AND OPERATIONS LIMITED	Director	29-07-11	11-09-07	-	Active	NO
4	L65190GJ1994PLC021012	ICICI BANK LIMITED	Director	29-06-09	01-05-09	31-07-10	Active	NO
5	U65990MH2000PLC124773	ICICI INVESTMENT MANAGEMENT COMPANY LIMITED	Nominee director	01-05-09	01-05-09	01-12-10	Active	NO
6	U65922MH1999PLC120106	ICICI HOME FINANCE COMPANY LIMITED	Nominee director	25-08-09	01-05-09	08-04-10	Active	NO
7	U67120MH1995PLC086241	ICICI SECURITIES LIMITED	Director	30-04-10	30-04-10	27-08-10	Active	NO
8	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	09-09-10	01-08-10	-	Active	NO
9	U66000MH2009PLC191935	ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED	Director	09-09-10	01-08-10	-	Active	NO

Name :

Mr. Puneet, Kulbhushan Nanda

Designation :

Whole Time Director

Address :

Flat No.11, Victoria Sarojini Road, Santacruz (West), Mumbai – 400054, Maharashtra, India

Date of Birth/Age :

05.02.1969

Date of Appointment :

01.08.2010

Din No.:

02578795

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U66000MH2009PLC191935	ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED	Director	22-04-09	22-04-09	Active	NO
2	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	09-09-10	01-08-10	Active	NO

Name :

Mr. Madhivanan Madaswamy Balakrishnan

Designation :

Director

Address :

1305, 13^th Floor, Ashok Tower, Dr. S S Rao Road, Parel, Mumbai – 400022, Maharashtra, India

Date of Birth/Age :

07.06.1969

Date of Appointment :

01.08.2010

Din No.:

01426902

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74130KA2006PTC059425	LOYALTY SOLUTIONS AND RESEARCH PRIVATE LIMITED	Director	23-08-07	08-03-07	28-05-10	Active	NO
2	U74999DL2002PTC117357	INTERNATIONAL ASSET RECONSTRUCTION COMPANY PRIVATE LIMITED	Nominee director	20-07-09	21-03-09	28-07-10	Active	NO
3	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	09-09-10	01-08-10	-	Active	NO

Name :

Mr. Rajiv Inderjit Sabharwal

Designation :

Director

Address :

Y, 1301, Chalalilly, Nahar Amrit Shakti, Chandivali, Andheri (East), Mumbai-400072, Maharashtra, India

Date of Birth/Age :

28.09.1965

Date of Appointment :

19.10.2010

Din No.:

00057333

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U65922MH1999PLC120106	ICICI HOME FINANCE COMPANY LIMITED	Nominee director	15-06-10	25-04-02	-	Active	NO
2	U72900MH2006PLC162656	FINANCIAL INCLUSION NETWORK AND OPERATIONS LIMITED	Nominee director	25-01-08	25-01-08	27-02-09	Active	NO
3	U65999KA2000PTC033945	SEQUOIA CAPITAL INDIA ADVISORS PRIVATE LIMITED	Director	30-09-09	06-01-09	29-03-10	Active	NO
4	U72100TN2005PTC057463	PRIZM PAYMENT SERVICES PRIVATE LIMITED	Nominee director	25-03-09	25-03-09	29-03-10	Active	NO
5	U74140DL2004PTC127708	UNICON FINANCIAL INTERMEDIARIES PRIVATE LIMITED	Director	24-06-09	24-06-09	01-04-10	Active	NO
6	L65190GJ1994PLC021012	ICICI BANK LIMITED	Whole-time director	28-06-10	24-06-10	-	Active	NO
7	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	19-07-11	19-10-10	-	Active	NO
8	U65990MH2000PLC124773	ICICI INVESTMENT MANAGEMENT COMPANY LIMITED	Nominee director	01-12-10	01-12-10	03-06-11	Active	NO

Name :

Mr. Sridar Krishnaswamy Iyengar

Designation :

Director

Address :

85, Fair Oaks Lane, Atheron CA74027, USA

Date of Birth/Age :

13.08.1947

Date of Appointment :

20.10.2010

Din No.:

00278512

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L85110KA1981PLC013115	INFOSYS LIMITED	Director	10-04-03	10-04-03	Active	NO
2	U72200KA2002PLC030310	INFOSYS BPO LIMITED	Director	01-06-05	17-09-04	Active	NO
3	U22100MH1996PLC096077	REDIFF. COM INDIA LIMITED	Director	28-09-04	28-09-04	Active	NO
4	L65190GJ1994PLC021012	ICICI BANK LIMITED	Director	30-04-05	30-04-05	Active	NO
5	L64202KA2000PLC027860	ONMOBILE GLOBAL LIMITED	Director	24-07-06	24-07-06	Active	NO
6	U74899DL1996PLC078481	CL EDUCATE LIMITED	Director	18-01-08	17-10-07	Active	NO
7	L55101TN1996PLC036595	MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED	Director	19-06-08	30-04-08	Active	NO
8	U63040MH2005PTC153232	CLEARTRIP TRAVEL SERVICES PRIVATE LIMITED	Director	21-09-10	28-07-10	Active	NO
9	U66010MH2000PLC127837	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Director	19-07-11	20-10-10	Active	NO
10	L85195AP1984PLC004507	DR.REDDY'S LABORATORIES LIMITED	Additional director	22-08-11	22-08-11	Active	NO

KEY EXECUTIVES

Name :	Mr. Sanaulla Khan Mohammed
Designation :	Secretary
Address :	201, Rehna Heights, Chapel Lane, Santacruz (West), , Mumbai – 400054, Maharashtra, India
Date of Birth/Age :	13.07.1970
Date of Appointment :	15.12.2008
Pan No.:	ACIPM1846L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 19.07.2011

Names of Shareholders	No. of Shares
Ajay Chowdhary	4500
Toshit Kumar	8625
Rahul Hora	26250
Ashish Ravindra Rao	10000
Amit Saneja	10500
Amey Saxena	30625
Chhaya Pisupati	12000
ICICI Bank Limited, India	1055310900
Mukesh Dhawan	65000
Amish Manikant Banker	33103
Sudhan Rajaram Bhat	10875
Sandeep Batra	77500
Sameer Kwatra	20000
Kalpana Bharat Sampat	115000
Pankaj Jain	125187
Prince Sethi	14500
Poonam Bhardwaj	65000
Rahul Chawla	28700
Sumit Mohindra	18750
Dushyant Mishra	20500

As on 19.07.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	25.96
Nationalized or other banks	73.88
Other top fifty shareholders	0.13
Others	0.03
Total	100.00

BUSINESS DETAILS

Line of Business :

Providing Life Insurance and Pension Services

GENERAL INFORMATION

No. of Employees :

Over 13000 employees and over 176000 advisors [as on 31.03.2011]

Bankers :

ICICI Bank Limited

Facilities :

Particulars	As on 31.03.2011	As on 31.03.2010
	RS. IN MILLIONS
Security – Wise Classifications
Secured
On mortgage of property
(aa) In India	0.000	28.400
Loans against policy	86.945	87.648
Total	86.945	116.048

Banking Relations :	--
Auditors :
Name :	Walker Chandiok and Company Chartered Accountant
Address :	Engineering Centre, 6^th Floor, 9 Mathew Road, Opera House, Mumbai – 400004, Maharashtra, India
Tel No.:	91-22-66262600
Fax No.:	91-22-23671624
PAN No.:	AAAFW4298E
Name :	BRS and Company Chartered Accountant
Address :	KPMG House, Kamala Mills Compound, 448, Senapati Bapat Marg, Lower Parel, Mumbai – 40013, Maharashtra, India
Tel No.:	91-22-39896000
Fax No.:	91-22-39836000
PAN No.:	AAAFB9852F
Holding Company:	ICICI Bank Limited [L65190GJ1994PLC021012]
Substantial Interest:	Prudential Corporation Plc
Subsidiaries:	ICICI Prudential Pension Funds Management Company Limited [U66000MH2009PLC191935]
Fellow Subsidiaries:	· ICICI Securities Limited · ICICI Venture Funds Management Company Limited · ICICI Home Finance Company Limited · ICICI Lombard General Insurance Company Limited · ICICI Trusteeship Services Limited · ICICI Securities Primary Dealership Limited · ICICI Securities Inc. · ICICI Securities Holding Inc. · ICICI Investment Management Company Limited · ICICI International Limited · ICICI Bank UK PLC. · ICICI Bank Canada · ICICI Bank Eurasia Limited Liability Company · ICICI Prudential Asset Management Company Limited · ICICI Prudential Trust Limited · ICICI Eco-net Internet and Technology Fund · ICICI Equity Fund · ICICI Emerging Sectors Fund · ICICI Strategic Investments Fund · TCW / ICICI Investment Partners Limited Liability Company · ICICI Kinfra Limited · ICICI West Bengal Infrastructure Development Corporation Limited · ICICI Venture Value Fund (IVVF) · I-Ven Biotech Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000000	Equity Shares	Rs.10/- each	Rs.15000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1428461149	Equity Shares	Rs.10/- each	Rs.14284.611 Millions

Note: Of the total share capital, 1,055,162,900 shares (of Rs.10 each are held by the holding company, ICICI Bank Limited and.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
SOURCES OF FUNDS
SHAREHOLDERS FUND:
Share Capital	14284.611	14281.429	14272.573
Share Application Money	0.503	1.067	2.282
Employees stock option outstanding	0.000	0.897	8.495
Reserves & Surplus	33606.925	33588.365	33529.185
Fair value change Account – Net	65.619	(9.604)	(1.461)
Sub – Total	47957.658	47862.154	47811.074
Borrowings	0.000	0.000	0.000
POLICYHOLDERS FUND
Fair value change Account – Net	2315.441	2493.446	213.161
Revaluation Reserve – Investment Property	668.879	668.879	316.319
Policy Liabilities	58875.524	35893.280	29987.086
Provision for linked liability	582329.617	503761.001	280548.906
Funds for discontinued polices	0.138	0.000	0.000
Sub – Total	644189.599	542816.605	311065.472
Funds for future appropriations
Linked	5935.592	10931.566	5590.611
Non Linked	3786.434	1392.600	1582.726
TOTAL	701869.283	603002.925	366049.883
APPLICATION OF FUNDS
Investment
Shareholders	19764.653	12850.338	6620.077
Policy Holders	72171.914	44565.701	34164.141
Asset held to cover linked liabilities	588265.347	514692.566	286139.517
Loans	86.945	116.048	196.046
Fixed Assets	1982.628	2634.004	3312.117
Deferred Tax Assets	1784.417	2955.164	3180.774
Current Assets
Cash and Bank Balance	3303.199	3054.023	3558.761
Advances and Other assets	3347.252	2966.016	3615.504
Sub – Total (A)	6650.451	6020.039	7174.265
Sundry Creditors	275.276	267.067	173.949
Other Current Liabilities	15621.426	15449.951	11129.764
Provisions	49.060	298.835	1197.944
Sub – Total (B)	15945.762	16015.853	12501.657
Net Current Assets (C) = (A-B)	(9295.311)	(9995.814)	(5327.392)
Miscellaneous expenditure	0.000	0.000	0.000
Debit Balance in Profit and Loss Account	27108.690	35184.918	37764.603
TOTAL	701869.283	603002.925	366049.883

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Amount transfer from Policyholders account (Technical account)	7319.160	2571.204	334.440
Income from investments
(a) Interest, Dividend and Rent - Gross	928.768	223.290	256.924
(b) Profit on sale/redemption of investments	135.283	94.047	120.860
(c) Loss on sale/redemption of investments	(5.422)	(4.937)	(25.060)
Other Income	0.000	0.000	0.000
Total	8377.789	2883.604	687.164
Expenses other than those directly related to the insurance business Bad debts written off	52.752	78.309	8.472
Bad Debts Written Off	0.000	0.000	0.000
Amounts transferred to policyholders account (Technical account)	0.000	0.000	9485.688
Provisions (other than taxation)
(a) For diminution in value of investments (net)	0.000	0.000	0.000
(b) Provision for doubtful debts	0.000	0.000	0.000
Total	52.752	78.309	9494.160
(Less) Profit Before Tax	8325.037	2805.295	(8806.996)
Provision for Taxation [Differed Tax]	248.809	225.610	(1010.000)
Profit / (Loss) after tax	8076.228	2579.685	(7796.996)
Appropriation
(a) Balance of the beginning for the year	35184.918	37764.603	29967.607
(b) Interim dividends paid during the year	0.000	0.000	0.000
(c) Proposed final dividend	0.000	0.000	0.000
(d) Dividend distribution Tax	0.000	0.000	0.000
(c) Transfer to reserve / other income	0.000	0.000	0.000
Profit / (Loss) carried to Balance Sheet	(27108.690)	(35184.918)	(37764.603)
Earning Per shares (Rs.)	5.65	1.81	(5.50)

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS:

Particulars	31.03.2011 (Rs. in millions)	31.03.2010 (Rs. in millions)	31.03.2009 (Rs. in millions)
Sundry Creditors	275.276	267.067	173.949

BACKGROUND

Subject (`the Company’) a joint venture between ICICI Bank Limited and Prudential Corporation Plc was incorporated on July 20, 2000 as a company under the Companies Act, 1956 (`the Act’). The Company is licensed by the Insurance Regulatory and Development Authority (`IRDA’) for carrying life insurance business in India.

The Company carries on business in the areas of life, pensions and health insurance. This business spans across individual and group products and covers participating, non-participating and unit linked lines of businesses. Riders covering additional benefits are offered under these products. These products are distributed through individual agents, corporate agents, banks, brokers and the company’s proprietary sales force.

PERFORMANCE:

During the year ended March 31, 2011, the Company registered a premium income of Rs.178.80 billion, showing an increase of 8.17% over the earlier year. The Company’s new business premium income stood at Rs.78.62 billion showing a growth of 24.12% over the earlier year. The renewal premium stood at Rs.100.18 billion for the year, down by 1.74% over the earlier year.

CONTINGENT LIABILITIES:

Particulars	31.03.2011 (Rs. in millions)	31.03.2010 (Rs. in millions)
Claims, other than those under policies, not acknowledged as debts	153.485	19.191
Guarantees given by or on behalf of the Company	4.888	4.888
Others – policy related claims under litigation	239.601	107.391
Total	397.974	131.470

FIXED ASSETS:

• Buildings
• Leasehold improvements
• Communication networks and servers
• Computers and peripheral equipments
• Office Equipment
• Furniture and Fixtures
• Motor Vehicles
• Freehold Land
• Office Buildings on Freehold Land

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.52.23
UK Pound	1	Rs.81.55
Euro	1	Rs.69.60

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	9
--PROFITABILIRY	1~10	9
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	8
--RESERVES	1~10	9
--CREDIT LINES	1~10	8
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		72

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	Capability to overcome financial difficulties seems comparatively below average.	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
-	NB	New Business	-

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.