MIRA INFORM REPORT

Report Date :

18.11.2011

IDENTIFICATION DETAILS

Name :	NSL TEXTILES LIMITED NSL TEXTILES (EDLAPADU) LIMITED AMALGAMATED WITH NSL TEXTILES LIMITED
Formerly Known As :	JAYAVENKATRAMA INDUSTRIES LIMITED JAYAVENKATRAMA SUGAR AND POWER LIMITED
Registered Office :	NSL ICON, Door No.8-2-684/2/A, Plot No.1 to 4, Road No.12, Banjara Hills, Hyderabad- 500034, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	12.02.2002
Com. Reg. No.:	01- 38489
Capital Investment/ Paid-up Capital:	Rs. 868.398 millions
CIN No.: [Company Identification No.]	U15429AP2002PLC038489
TAN No.: [Tax Deduction & Collection Account No.]	HYDJ00614FG
PAN No.: [Permanent Account No.]	AABCJ1299AA
Legal Form :	A closely held public limited liability company
Line of Business :	Manufacturer and Exporter of Cotton yarns and fabrics.
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 9200000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. 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.

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	NSL ICON, Door No.8-2-684/2/A, Plot No.1 to 4, Road No.12, Banjara Hills, Hyderabad- 500034, Andhra Pradesh, India
Tel. No.:	91-40-30514444
Fax No.:	91-40-23327919 / 30514350
E-Mail :	jvilhyd@gmail.com jaya_venkatrama@yahoo.co.in corp_jayavenkatrama@yahoo.co.in info@nsltextiles.com productinfo@nsltextile.com hrinfo@nsltextiles.com
Website :	www.nsltextiles.com
Factory 1 :	6/275-1, Inkollu (Mandal), Prakasam (District)- 523167, Andhra Pradesh, India
Tel. No.:	91-8594-255377 / 255379
Fax No.:	91-8594-244232 / 255378
Factory 2 :	Inkollu Village and Mandal, Prakasam District-523167, India
Factory 3 :	Survey No. 237, Kommuru Road, Veeravalli, Rangannagudem Post, Krishna District-521110, India
Factory 4 :	Survey No. 371-379, Kunchalvaripalem Village, Cherukupalli Mandal, Guntur District, India
Factory 5 :	Survey No. 253, Budampadu, Guntur District-522017, India
Sales Office:	#608, Span Trade Centre, Opposite Kochrab Ashram, Paldi, Ahmedabad-380006, Gujarat, India
Tel. No.:	91-79-26577662
E-Mail :	lakhotia.nk@nsltextiles.com

DIRECTORS

AS ON 05.07.2010

Name :

Mr. Mandava Prabhakar Rao

Designation :

Director

Address :

H. No.8-2-293/82/A, Plot No.543, Road No.26, Jubilee Hills, Hyderabad-500033, Andhra Pradesh, India

Date of Appointment :

12.02.2002

DIN No.:

00009650

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	U40109DL1985PTC114839	Nsl Renewable Power Private Limited	Director	01/07/2010	04/01/1985	-	Active	NO
2	U01112AP1992PLC014346	Prabhat Agri Biotech Limited	Director	09/06/1992	09/06/1992	-	Active	NO
3	L32101AP1990PLC011311	Incap Limited	Director	28/06/1992	28/06/1992	18/02/2010	Active	NO
4	U18100AP1995PLC022418	Prabhat Industrial Corporation Limited	Director	28/11/1995	28/11/1995	30/03/2008	Amalgamated	NO
5	U74999AP1999PTC032118	Mandava Cold Storage Private Limited	Director	01/11/2000	01/11/2000	-	Active	NO
6	U99999AP1995PLC020845	Perpetual Energy Systems Limited	Director	23/07/2001	23/07/2001	30/03/2008	Active	NO
7	U15429KA1999PLC026121	Nsl Sugars Limited	Director	01/04/2010	26/07/2001	-	Active	NO
8	U05005AP2001PTC037782	Sree Kamadhenu Aquatech Private Limited	Director	11/09/2001	11/09/2001	-	Active	NO
9	U40109AP2001PTC037830	Indur Green Power Private Limited	Director	21/09/2001	21/09/2001	-	Active	NO
10	U15429AP2002PLC038489	Nsl Textiles Limited	Director	12/02/2002	12/02/2002	-	Active	NO
11	U24231AP2002PLC038964	Swadeshi Bio-Technics Limited	Director	15/05/2002	15/05/2002	30/03/2008	Active	NO
12	U24231AP2002PTC038984	Swarnabharat Bio-Technics Private Limited	Director	17/05/2002	17/05/2002	-	Active	NO
13	U63023AP2003PTC040654	Nsl Power Private Limited	Director	11/03/2003	11/03/2003	-	Active	NO
14	U18101AP2004PLC044154	Nsl Textiles (Edlapadu) Limited	Director	14/09/2004	14/09/2004	-	Amalgamated	NO
15	U70102AP2004PTC044588	Divyasree Nsl Infrastructure Private Limited	Director	09/10/2008	10/11/2004	-	Active	NO
16	U45200AP2005PTC045511	Nsl Nagapatnam Power And Infratech Private Limited	Director	02/03/2005	02/03/2005	-	Active	NO
17	U51225KA2005PTC036073	Madduramma Traders Private Limited	Director	15/04/2005	15/04/2005	-	Strike off	NO
18	U45200AP2005PTC048066	Nsl Sez (Hyderabad) Private Limited	Director	16/11/2005	16/11/2005	-	Active	NO
19	U45200AP2005PTC048067	Arena Infrastructure Private Limited	Director	16/11/2005	16/11/2005	15/12/2007	Active	NO
20	U70102AP2004PTC043959	Century Avenues Private Limited	Director	16/11/2005	16/11/2005	01/12/2007	Active	NO
21	U74210AP2006PTC048679	Global Agrigenetics India Private Limited	Director	05/01/2006	05/01/2006	-	Active	NO
22	U45200AP2005PTC048287	Ascendant Estates Private Limited	Director	17/06/2006	17/06/2006	30/03/2008	Active	NO
23	U18100AP1983PTC004121	Krishnaganga Spinning Mills Private Limited	Director	29/07/2006	29/07/2006	01/08/2011	Active	NO
24	U15421AP2006PLC050837	Nsl Krishnaveni Sugars Limited	Director	08/06/2009	08/08/2006	-	Active	NO
25	U10102AP2006PTC050899	Splendid Minerals Private Limited	Director	14/08/2006	14/08/2006	-	Active	NO
26	U70102AP2006PTC050279	Gooddeal Developers Private Limited	Director	26/10/2006	26/10/2006	31/03/2008	Active	NO
27	U40109AP2006PTC052129	Regen Powertech Private Limited	Director	27/12/2006	27/12/2006	-	Active	NO
28	U70101AP2001PTC038151	Nsl Sez (Chennai) Private Limited	Director	12/03/2007	12/03/2007	-	Active	NO
29	U70101AP2007PTC053994	Topnotch Projects Private Limited	Director	14/05/2007	14/05/2007	-	Active	NO
30	U17121AP2007PTC054034	Nsl Cotton Corporation Private Limited	Director	17/05/2007	17/05/2007	-	Active	NO
31	U70102AP2007PTC054777	Nsl Estates Private Limited	Director	12/07/2007	12/07/2007	-	Active	NO
32	U45203AP2007PTC054784	Nsl Infratech Private Limited	Director	12/07/2007	12/07/2007	-	Active	NO
33	U51909TN2007PTC064763	Nsl Power Equipment Trading Private Limited	Director	18/10/2007	18/10/2007	-	Active	NO
34	U74120AP2008PTC074522	Mandava Holdings Private Limited	Director	12/03/2008	12/03/2008	-	Active	NO
35	U74120DL2008PTC175254	NSL REAL ESTATES PRIVATE LIMITED	Director	12/03/2008	12/03/2008	-	Active	NO
36	U74120DL2008PTC175259	Nsl Properties Private Limited	Director	12/03/2008	12/03/2008	-	Active	NO
37	U74120AP2008PTC074583	Nuziveedu Seeds Private Limited	Managing director	01/07/2010	19/03/2008	-	Active	NO
38	U45200AP2007PTC055909	Golden Tower Infratech Private Limited	Director	01/10/2008	01/10/2008	-	Active	NO
39	U01112AP1996PTC025622	Yaaganti Seeds Sprivate Limited	Director	14/09/2009	03/01/2009	-	Active	NO
40	U01119AP2008PTC061514	Pravardhan Seeds Private Limited	Director	30/09/2010	01/01/2010	-	Active	NO
41	U40109AP2008PTC059817	Nsl Orissa Power And Infratech Private Limited	Director	30/09/2011	18/08/2010	-	Active	NO
42	U14200DL2009PTC196457	Ceres Mining Private Limited	Nominee director	02/10/2010	02/10/2010	-	Active	NO
43	U40101AP2008PTC057010	Nsl Energy Ventures Private Limited	Additional director	20/12/2010	20/12/2010	-	Active	NO
44	U45400AP2007PTC054029	Nsl Conventional Power Private Limited	Additional director	05/01/2011	05/01/2011	-	Active	NO
45	U17124TN2007PTC061984	Mas Fabric Park (India) Private Limited	Director	29/06/2011	31/03/2011	-	Active	NO
46	U15421OR2011PTC013452	Nsl Sugar And Industries (Orissa) Private LIMITED	Director	15/04/2011	15/04/2011	-	Active	NO
47	U40300AP2010PTC070092	Solar Semiconductor Power Company (India) Private Limited	Director	30/08/2011	06/05/2011	-	Active	NO
48	U15400AP2011PTC076567	Simhapuri Mega Food Park Private Limited	Director	16/09/2011	16/09/2011	-	Active	NO

Name :

Ms. Mandva Asha Priya

Designation :

Director

Address :

H. No.8-2-293/82/A, Plot No.543, Road No.26, Jubilee Hills, Hyderabad-500033, Andhra Pradesh, India

Date of Appointment :

12.02.2002

DIN No.:

01199936

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	U18100AP1995PLC022418	Prabhat Industrial Corporation Limited	Director	28/11/1995	28/11/1995	-	Amalgamated	NO
2	U40109DL1985PTC114839	Nsl Renewable Power Private Limited	Director	18/10/1997	18/10/1997	-	Active	NO
3	U74999AP1999PTC032118	Mandava Cold Storage Private Limited	Managing director	01/09/2010	16/07/1999	-	Active	NO
4	U15429KA1999PLC026121	Nsl Sugars Limited	Director	26/07/2001	26/07/2001	-	Active	NO
5	U05005AP2001PTC037782	Sree Kamadhenu Aquatech Private Limited	Director	11/09/2001	11/09/2001	-	Active	NO
6	U15429AP2002PLC038489	Nsl Textiles Limited	Director	12/02/2002	12/02/2002	-	Active	NO
7	U63023AP2003PTC040654	Nsl Power Private Limited	Director	11/03/2003	11/03/2003	-	Active	NO
8	U99999AP1995PLC020845	Perpetual Energy Systems Limited	Managing director	31/07/2006	30/07/2003	-	Active	NO
9	U45200AP2005PTC045511	Nsl Nagapatnam Power And Infratech Private Limited	Director	02/03/2005	02/03/2005	-	Active	NO
10	U51225KA2005PTC036073	MADDURAMMA TRADERS PRIVATE LIMITED	Director	15/04/2005	15/04/2005	-	Strike off	NO
11	U70102AP2004PTC043959	Century Avenues Private Limited	Director	13/09/2005	13/09/2005	-	Active	NO
12	U45200AP2005PTC048066	Nsl Sez (Hyderabad) Private Limited	Director	05/04/2006	05/04/2006	-	Active	NO
13	U15421AP2006PLC050837	Nsl Krishnaveni Sugars Limited	Director	08/08/2006	08/08/2006	-	Active	NO
14	U40109AP2006PTC052129	Regen Powertech Private Limited	Director	27/12/2006	27/12/2006	19/06/2009	Active	NO
15	U70101AP2007PTC053994	Topnotch Projects Private Limited	Director	14/05/2007	14/05/2007	-	Active	NO
16	U17121AP2007PTC054034	Nsl Cotton Corporation Private Limited	Director	17/05/2007	17/05/2007	-	Active	NO
17	U70102AP2007PTC054777	Nsl Estates Private Limited	Director	12/07/2007	12/07/2007	-	Active	NO
18	U45203AP2007PTC054784	Nsl Infratech Private Limited	Director	12/07/2007	12/07/2007	-	Active	NO
19	U51909TN2007PTC064763	Nsl Power Equipment Trading Private Limited	Director	14/09/2007	14/09/2007	-	Active	NO
20	U74120AP2008PTC074522	Mandava Holdings Private Limited	Director	12/03/2008	12/03/2008	-	Active	NO
21	U74120DL2008PTC175254	Nsl Real Estates Private Limited	Director	12/03/2008	12/03/2008	-	Active	NO
22	U74120DL2008PTC175259	Nsl Properties Private Limited	Director	12/03/2008	12/03/2008	-	Active	NO
23	U74120AP2008PTC074583	Nuziveedu Seeds Private Limited	Director	19/03/2008	19/03/2008	-	Active	NO
24	U45200AP2005PTC048287	Ascendant Estates Private Limited	Director	30/03/2008	30/03/2008	-	Active	NO
25	U40109AP2008PTC059817	Nsl Orissa Power And Infratech Private Limited	Director	23/06/2008	23/06/2008	-	Active	NO
26	U18101AP2004PLC044154	Nsl Textiles (Edlapadu) Limited	Director	05/07/2010	28/12/2009	-	Amalgamated	NO
27	U40100CH2005PTC027868	Tangnu Romai Power Generation Private Limited	Director	30/09/2010	19/04/2010	-	Active	NO
28	U40103AP2010PTC068177	Nsl Andhra Power Private Limited	Director	29/04/2010	29/04/2010	-	Active	NO
29	U15421OR2011PTC013452	Nsl Sugar And Industries (Orissa) Private Limited	Director	15/04/2011	15/04/2011	-	Active	NO
30	U40300AP2010PTC070092	Solar Semiconductor Power Company (India) Private Limited	Director	30/08/2011	06/05/2011	-	Active	NO
31	U40101AP2008PTC057010	Nsl Energy Ventures Private Limited	Additional director	22/05/2011	22/05/2011	-	Active	NO
32	U40300AP2005PTC047541	Nsl Wind Power Company (Phoolwadi) Private Limited	Director	29/07/2011	24/06/2011	-	Active	NO
33	U15421MH2000PLC130397	JAY MAHESH SUGAR INDUSTRIES LIMITED	Additional director	25/06/2011	25/06/2011	-	Active	NO
34	U70102AP2006PTC049313	Ambient Infratech Private Limited	Director	30/09/2011	27/07/2011	-	Active	NO

Name :

Mr. Chigurupati Appa Rao

Designation :

Director

Address :

Flat No.203, Royal Palace, Jai Bharat Nagar, Nizampet Road, Kukatpally, Hyderabad-500072, Andhra Pradesh, India

Date of Appointment :

22.03.2004

DIN No.:

00011095

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	U15429AP2002PLC038489	Nsl Textiles Limited	Whole-time director	01/07/2010	22/03/2004	-	Active	NO
2	U70102AP2004PTC043959	Century Avenues Private Limited	Director	24/08/2004	24/08/2004	-	Active	NO
3	U18101AP2004PLC044154	NSL TEXTILES (EDLAPADU) LIMITED	Director	24/12/2004	24/12/2004	-	Amalgamated	NO
4	L32101AP1990PLC011311	Incap Limited	Director	20/09/2005	20/09/2005	05/03/2010	Active	NO
5	U45200AP2005PTC047540	Prestige Cybercity (India) Private Limited	Director	21/09/2005	21/09/2005	-	Active	NO
6	U45200AP2005PTC048066	Nsl Sez (Hyderabad) Private Limited	Director	16/11/2005	16/11/2005	-	Active	NO
7	U70102WB2005PTC124195	Designer Real Estate India Private Limited	Nominee director	29/09/2006	17/11/2005	15/06/2007	Active	NO
8	U70102AP2005PTC048140	Pavillion Estates Private Limited	Director	23/11/2005	23/11/2005	-	Active	NO
9	U70102AP2005PTC048141	Cozy Properties Private Limited	Director	23/11/2005	23/11/2005	-	Active	NO
10	U17121AP2007PTC054726	Ncc Usha Ginning Mills Private Limited	Director	06/07/2007	06/07/2007	26/07/2010	Active	NO
11	U17111MH2007PTC172497	Ncc Jay Laxmi Fibers Private Limited	Director	19/07/2007	19/07/2007	26/07/2010	Active	NO
12	U17111MH2007PTC172498	Ncc Matoshri Cotton Private Limited	Director	19/07/2007	19/07/2007	26/07/2010	Active	NO
13	U17111MH2007PTC172499	Ncc Cj Cotton Private Limited	Director	19/07/2007	19/07/2007	05/01/2008	Active	NO
14	U17200MH2007PTC173015	Kv Balaji Fibers Private Limited	Director	10/08/2007	10/08/2007	05/02/2009	Active	YES
15	U45209AP2007PTC056015	Excelsior Projects Private Limited	Director	19/10/2007	19/10/2007	-	Active	NO
16	U17200MH2007PTC173014	Ncc Abhinandan Cotton Private Limited	Nominee director	01/11/2007	01/11/2007	26/07/2010	Active	NO
17	U17111MH2007PTC172500	Ncc Ganapathi Cotton Private Limited	Nominee director	01/11/2007	01/11/2007	26/07/2010	Active	NO
18	U17111MH2007PTC172496	Ncc Santosh Fibers Private Limited	Nominee director	01/11/2007	01/11/2007	05/01/2008	Active	NO
19	U17200MH2007PTC173157	Ncc Shri Cotton Private Limited	Nominee director	01/11/2007	01/11/2007	05/01/2008	Active	NO
20	U17121MH2007PTC173124	Ncc Narsinh Cotton Private Limited	Nominee director	01/11/2007	01/11/2007	05/01/2008	Active	NO
21	U17121MH2007PTC172490	Ncc Radhakrishna Cotton Private Limited	Nominee director	01/11/2007	01/11/2007	05/01/2008	Active	NO
22	U15429KA1999PLC026121	Nsl Sugars Limited	Director	18/08/2008	26/12/2007	06/03/2010	Active	NO
23	U17100AP1998PTC029417	Excel Cotton Company Private Limited	Director	30/09/2011	20/12/2010	-	Active	NO
24	U17124TN2007PTC061984	MAS FABRIC PARK (INDIA) PRIVATE LIMITED	Director	29/06/2011	31/03/2011	-	Active	NO

Name :

Mr. Ajay Kumar Paturi

Designation :

Director

Address :

1-4-210/49 to 51, Prathampuri , ECIL, Hyderabad- 520062, Andhra Pradesh, India

Date of Birth/Age :

17.09.1952

Date of Appointment :

16.03.2006

DIN No.:

00053029

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	U18101AP2004PLC044154	Nsl Textiles (Edlapadu) Limited	Whole-time director	16/03/2010	16/03/2006	-	Amalgamated	NO
2	U15429AP2002PLC038489	Nsl Textiles Limited	Whole-time director	01/07/2011	16/03/2006	-	Active	NO
3	U45200AP2005PTC047540	Prestige Cybercity (India) Private Limited	Director	29/07/2009	15/06/2009	02/11/2011	Active	NO

Name :

Mr. Narasimha Ramulu Pantam

Designation :

Director

Address :

Flat No.402, 4^th Floor, Garden Residency, II Lane, Sai Enclaves Colony, Habsiguda, Hyderabad-500007, Andhra Pradesh, India

Date of Appointment :

08.06.2006

DIN No.:

00064196

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	U31909AP1980PLC002697	Vijai Electricals Limited	Director	28/07/2006	24/12/2005	18/12/2009	Active	NO
2	U15429AP2002PLC038489	Nsl Textiles Limited	Director	08/06/2006	08/06/2006	-	Active	NO
3	L45200AP1993PLC015545	Lanco Infratech Limited	Director	03/09/2007	16/06/2006	-	Active	NO
4	L74999RJ1938PLC019511	Jk Lakshmi Cement Limited	Nominee director	06/09/2006	06/09/2006	20/02/2008	Active	NO
5	U40101AP2006PTC049472	Kvk Energy And Infrastructure Private Limited	Director	28/10/2006	28/10/2006	11/10/2007	Active	NO
6	U45200AP2005PTC045511	Nsl Nagapatnam Power And Infratech Private Limited	Director	05/09/2008	07/02/2008	-	Active	NO
7	U40109DL1985PTC114839	Nsl Renewable Power Private Limited	Director	29/09/2009	31/10/2008	-	Active	NO
8	U40109AP2006PTC052129	Regen Powertech Private Limited	Nominee director	23/09/2009	19/06/2009	-	Active	NO
9	U45200AP1992PLC014925	Shalivahana Green Energy Limited	Director	27/09/2010	26/09/2009	-	Active	NO
10	U18101AP2004PLC044154	Nsl Textiles (Edlapadu) Limited	Director	05/07/2010	28/12/2009	-	Amalgamated	NO
11	U31200UP2006PLC031982	Lanco Anpara Power Limited	Director	24/08/2010	21/01/2010	-	Active	NO
12	U15429KA1999PLC026121	Nsl Sugars Limited	Director	03/09/2010	06/03/2010	-	Active	NO
13	U74120AP2008PTC074583	Nuziveedu Seeds Private Limited	Director	28/09/2011	17/08/2010	-	Active	NO
14	U74120AP2008PTC074522	Mandava Holdings Private Limited	Director	29/09/2011	29/12/2010	-	Active	NO
15	U40109AP2008PTC059817	Nsl Orissa Power And Infratech Private Limited	Director	30/09/2011	05/01/2011	-	Active	NO
16	U45400AP2007PTC054029	Nsl Conventional Power Private Limited	Additional director	05/01/2011	05/01/2011	-	Active	NO

Name :

Mr. Ramanna Anand

Designation :

Director

Address :

Flat No.0-1,15^th Floor, Cuffe Castle, Cuff Parade, Colaba, Mumbai-400005, Maharashtra, India

Date of Birth/Age :

05.11.1933

Date of Appointment :

29.08.2009

DIN No.:

00040325

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	U17110MH1982PTC027087	Nova Silk Private Limited	Director	06/05/1982	06/05/1982	-	Active	NO
2	L33130AP1979PLC002521	Ncl Industries Limiyrf	Director	14/06/2008	04/06/1982	-	Active	NO
3	U01711KA1993FTC014292	Luwa India Private Limited	Director	10/05/1993	10/05/1993	16/07/2009	Active	NO
4	L18101MH1991PLC059804	Maxwell Industries Limited	Director	11/11/1993	11/11/1993	20/08/2009	Active	NO
5	L72200PN1988PLC068972	Indo Count Industries Limited	Director	27/11/1995	27/11/1995	-	Active	NO
6	U29269TZ1996PLC007229	Mehala Machines India Limited	Director	30/05/1996	30/05/1996	13/02/2009	Active	NO
7	U29299KA2001PTC029952	Eastern Engineering Company Private Limited	Director	31/12/2001	31/12/2001	21/07/2008	Active	NO
8	U74999MH1966NPL013602	The Indo-Italian Chambers Of Commerce And Industry	Director	30/09/2002	30/09/2002	-	Active	NO
9	U99999MH1969NPL014319	Indian Textile Accessories And Machinery Manufacturers' Association	Director	16/09/2005	16/09/2005	-	Active	NO
10	U28920MH1982PTC027261	Eastern Engineering Co (Bombay) Private Limited	Director	30/08/2006	01/06/2006	-	Active	NO
11	L17119PN1990PLC058139	Pranavaditya Spinning Mills Limited	Additional director	31/07/2007	31/07/2007	-	Active	NO
12	U15429AP2002PLC038489	Nsl Textiles Limited	Director	25/09/2009	29/08/2009	-	Active	NO
13	U18101AP2004PLC044154	Nsl Textiles (Edlapadu) Limited	Additional director	28/12/2009	28/12/2009	05/07/2010	Amalgamated	NO
14	U93000MH2010PTC199719	ETS Eastern Services Private Limited	Director	04/02/2010	04/02/2010	-	Active	NO
15	U29253KA2011PTC058597	Marzoli Textile Machinery Manufacturers Private Limited	Director	11/05/2011	11/05/2011	-	Active	NO

Name :

Mr. Prabal Ranjan Roy

Designation :

Director

Address :

36, Amaltas Bunglaow, Bodakdev, Ahmedabad-380054, India

Date of Appointment :

28.12.2009

DIN No.:

00514330

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	U17219PB1993PLC013187	Malwa Industries Limited	Director	27/04/2006	27/04/2006	-	Active	NO
2	U17110GJ1996PTC029824	San-Blue Enterprises Private Limited	Director	04/07/2009	04/07/2009	-	Active	NO
3	U15429AP2002PLC038489	Nsl Textiles Limited	Director	28/12/2009	28/12/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. S. Susai
Designation :	Secretary
Address :	189-A, First Floor, Annex Building, MLA Colony, Road No.12, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India
Date of Appointment :	10.09.2009
Audit Committee:	· Mr. Narasimharamulu Pantam · Mr. Giridhar Myneni · Mr. Ramanna Anand

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 05.07.2010

Names of Shareholders	No. of Shares	Percentage of Holding
M Prabhakar Rao	11183443	11.89
Nuziveedu Seeds Private Limited	64708394	68.84
M Asha Priya	2943733	3.13
M Venkatram Choudhry	100	0.00
Mandava Cold Storage	2500000	2.66
Mavi Investment Fund	10000000	10.64
S Satish Kumar	100	0.00
Krishna Prasad	2666666	2.84
Total	94002436	100.00

Equity Share Breakup (Percentage of Total Equity)

(AS ON 05.07.2010)

Category	Percentage
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	13.47
Bodies corporate	71.50
Directors or relatives of directors	15.03
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Cotton yarns and fabrics.

Products :

Product Description	ITC Code
Cotton Yarn	52
Cotton Lint	52
Grey Fabric	52

GENERAL INFORMATION

Bankers :

• State Bank of India, Specialised Commercial Branch, (Mid Corporate Group) Kannavarithota, Gunthur-522004, Andhra Pradesh, India
• Canara Bank
• State Bank of Mysore
• Andhra Bank
• Central Bank of India
• State Bank of Hyderabad
• Oriental Bank of Commerce
• Bank of Maharashtra

Facilities :

Particulars	As on 31.03.2010 (Rs. In Millions)	As on 31.03.2009 (Rs. In Millions)
Secured Loan
Loans from Banks
Long Term Loans (Repayable within a year Rs. 2,47.153 millions (Previous year: Rs. 78.100 millions)	4024.176	2547.846
Interest accrued and due	6.429	15.500
Vehicle Loans (Repayable within a year Rs. 0.198 millions (Previous year: Rs. 0.261 millions)	0.928	0.303
Short Term Loans
- Rupee Loans	580.900	387.598
- Foreign currency loans	46.866	0.000
Total	4659.299	2951.247

Banking Relations :	--
Auditors :
Name :	Mastanaiah and Company Chartered Accountant
Address :	11/1, Arundelpet, Guntur-522002, Andhra Pradesh, India
Pan No.:	AADFM5561H
Holding Company :	Nuziveedu Seeds Limited CIN : U01112AP1985PLC005226
Subsidiaries :	Prestige Cybercity (India) Private Limited CIN: U45200AP2005PTC047540

CAPITAL STRUCTURE

After 05.07.2010

Authorised Capital : Rs. 1770.000 Millions

Paid-up Capital : Rs. 1019.663 Millions

AS ON 05.07.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
102000000	Equity Share	Rs.10/- Each	Rs.1020.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
94002436	Equity Share	Rs.10/- Each	Rs.940.024 millions

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
102000000	Equity Share	Rs.10/- Each	Rs.1020.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
86839853	Equity Share	Rs.10/- Each	Rs. 868.398 millions

NOTE

(Of the above, 64,708,394 (Previous year: 20,676,868) equity shares of Rs. 10 each fully paid are held by Nuziveedu Seeds (Private) Limited, the holding company)

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		868.398	373.362	338.000
2] Share Application Money		0.000	352.000	31.094
3] Reserves & Surplus		1442.969	408.500	353.786
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2311.367	1133.862	722.880
LOAN FUNDS
1] Secured Loans		4659.299	2951.247	2010.390
2] Unsecured Loans		0.000	0.000	37.279
TOTAL BORROWING		4659.299	2951.247	2047.669
DEFERRED TAX LIABILITIES		20.638	32.462	53.019
TOTAL		6991.304	4117.571	2823.568
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5318.183	2804.515	1086.387
Capital work-in-progress		668.375	623.599	1186.442
INVESTMENT		26.100	0.000	50.102
DEFERREX TAX ASSETS		673.118	0.106	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	625.905	305.527	355.503
	Sundry Debtors	198.388	100.913	35.229
	Cash & Bank Balances	188.492	188.967	40.683
	Other Current Assets	13.911	5.028	10.151
	Loans & Advances	477.752	231.182	194.924
Total Current Assets		1504.448	831.617	636.490
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1094.985	138.613	45.579
	Current Liabilities	92.897	2.096	88.088
	Provisions	11.038	1.557	2.186
Total Current Liabilities		1198.920	142.266	135.853
Net Current Assets		305.528	689.351	500.637
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		6991.304	4117.571	2823.568

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	2020.825	913.392	437.257
		Other Operating Income	1.030	0.000	0.000
		Other Income	84.233	11.520	12.713
		Profit on sale of raw material	0.000	0.000	4.082
		TOTAL (A)	2106.088	924.912	454.052
Less	EXPENSES
		Raw Material Consumed	1124.617	392.028
		Traded Goods Purchased	75.694	183.191
		Processing Expenses	361.891	160.972
		Personnel Expenses	98.382	40.101
		Administrative and Selling Expenses	73.315	40.864
		Prior period adjustments	0.038	0.160
		Increase / (Decrease) in stocks	(36.552)	(11.934)
		TOTAL (B)	1697.385	805.382	383.028
Less	PROFIT/ LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		408.703	119.530	71.024
Less	FINANCIAL EXPENSES (D)		211.869	85.012	24.278
	PROFIT/ LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		196.834	34.518	46.746
Less/ Add	DEPRECIATION/ AMORTISATION (F)		163.760	70.901	29.535
	PROFIT/LOSS BEFORE TAX (E-F) (G)		33.074	(36.383)	17.211
Less	TAX (I)		(11.321)	(20.374)	(7.172)
	PROFIT/ LOSS AFTER TAX (G-I) (J)		44.395	(16.009)	24.383
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		25.277	41.286	16.903
	BALANCE CARRIED TO THE B/S		69.672	25.277	41.286
	Earnings Per Share (Rs.)		1.36	(0.47)	0.82

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	2.11	(1.73)	5.37
Net Profit Margin (PBT/Sales)	(%)	1.64	(3.98)	3.94
Return on Total Assets (PBT/Total Assets}	(%)	0.48	(1.00)	0.99
Return on Investment (ROI) (PBT/Networth)		0.01	(0.03)	0.02
Debt Equity Ratio (Total Liability/Networth)		2.53	2.73	3.02
Current Ratio (Current Asset/Current Liability)		1.25	5.85	4.69

LOCAL AGENCY FURTHER INFORMATION

REVIEW OF OPERATIONS

The Directors are pleased to inform you that the Company has produced cotton yarn of 74,864 qtls. During the financial year 2009-10 (previous year 41,021 qtls.) and sold 65,354 qtls. (Previous year 39,716 qtls.). As mentioned in the previous year's, weaving operations gained momentum and produced 6,415,267 meters (previous year 1,559,846 meters) of grey cloth which found good acceptability in the market. All these operations yielded a sales turnover of Rs. 20,20.826 millions (net of excise) as against Rs. 9,13.392 millions for the previous year and a profit after tax of Rs. 443.95 as against a loss of Rs. 16.009 millions for the previous year. The above achievement was possible due to higher operating efficiencies resulting from faster stabilization of the commercial operations, improvement in the yarn prices and change in the product mix with focus on value addition and better realisations.

ECONOMIC OVERVIEW – INDIA

While there are Inflationary pressures in India, industrial activity continues to improve across most industry groups. Exports have turned around since third quarter of the year reflecting revival of external demand, after about twelve months' contraction.

EXPANSION ACTIVITIES OF THE COMPANY

The Ginning Unit and Open End Spinning Unit at Veeravalli have commenced operations during March, 2009 and December, 2009 respectively.

Weaving Unit II at Inkollu has commenced operation during January 2010 and the weaving units at Inkollu with a capacity of 259 looms were also fully stabilized during the year and capable of producing about 65,000 mtrs. Per day of grey and yarn dyed fabric. The Project for processing plant with a capacity of processing 115,000 mtrs./day near Chandole and the project for garmenting operations with a capacity of about 6000 pieces/day at Budampadu are expected to be important step towards the full integration of their textile value chain. It may be noted that all the expansion activities undertaken by the Company shall see their operation and stabilization in full and value addition during the year 2010-11.

NATURE OF OPERATIONS

NSL Textiles Limited (the 'Company') is a subsidiary of Nuziveedu Seeds Private Limited, New Delhi with shareholding of 74.51%. The Company is in the textile business with manufacturing capacities spread over four locations encompassing spinning, weaving, processing and garmenting.

Background

NSL Textiles Limited (formerly known as Jayavenkatrama Industries Limited) (the Company) is a subsidiary of Nuziveedu Seeds Private Limited, New Delhi with shareholding of 55.38%. The Company is in the business of developing and setting up of Spinning, Weaving, Generation of Power, Garments and other related supporting activities. During the year the Company has changed its name as NSL Textiles Limited from September 24^th, 2008.

Bankers Charges Report as per Registry

Name of the company	NSL TEXTILES LIMITED
Presented By	Mr. K. S. Rao, Director
1) Date and description of instrument creating the change	All agreements dated 06.01.2003 1. Form C-1: Agreement of loan for overall limit 2. Form C-2: Agreement of Hypothecation of goods and assets 3. Form C-3 Agreement of pledge of goods and assets 4. Form C-5: Letter regarding the grant of Individual limits within the overall limit
2) Amount secured by the charge/amount owing on the securities of charge	Rs.129.000 millions comprising Term loan I- Rs.83.200 millions (Import L.C subject limit of above term loan I) 55.000 millions Term loan II-Rs.7.800 millions Cash credit hypothecation -Rs.30.000 (cash credit (book debts) as sublimit of above cash credit) hypothecation limit-Rs.7.500 millions Bank Guarantees-Rs.8.000 millions Total Rs.129.000 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	1. Term Loan I and II and Bank Guarantee limit: 1^st Charge on all items of fixed assets current and proposed 2. Cash Credit (hypothecation) limit and Cash Credit (Book debts) limit: Hypothecation of all chargeable current assets
4) Gist of the terms and conditions and extent and operation of the charge.	Term Loan I and II • Rate of Interest at 1.60% above SBMTLR with a minimum of 12.85% at present, at monthly rests In respect of Term Loan I, subsidy received from IDBI (@5%) should be credited to the loan account. • Margins: Term. loan I — 20% Term loan II — 30% Overall project — 40% Foreiqn LCs — 20% EPCG Bank guarantees — 15% • Repayment: Term loan I — Repayable in 32 quarterly installments of Rs.2.600 millions each commencing from March 2004 quarter Term loan II - Repayable in 32 quarterly installments of Rs. 2,43,750 each commencing from March 2004 quarter • Period of Sanction For Term Loan I and II – 9 years For EPCG Bank Guarantees-9 years For Foreign L.C.s 6 months Cash Credit Limits · Rate of Interest at 1.60% above SBAR with a minimum of 12.35% at present, at monthly rests · Margins: For Cash Credit (Hypothecation) — Raw material, SIP and finished goods 25% For Cash Credit (Book Debts) - 30% with a cover period of 60 days · Repayment: on demand · Period of sanction: 12 months
5) Name and Address and description of the person entitled to the charge.	State Bank of India, Commercial Network Branch, Guntu, Andhra Pradesh, India r
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

Corporate identity number of the company	U15429AP2002PLC038489
Name of the company	NSL TEXTILES LIMITED
Address of the registered office or of the principal place of business in India of the company	NSL ICON, Door No.8-2-684/2/A, Plot No.1 to 4, Road No.12, Banjara Hills, Hyderabad- 500034, Andhra Pradesh, India
This form is for	Modification of charge
Charge identification number of the modified	10035650
Type of charge	Book Debts Movable Property Immovable Property
Particular of charge holder	State Bank of India, Specialised Commercial Branch, (Mid Corporate Group) Kannavarithota, Gunthur-522004, Andhra Pradesh, India Email ID: sbi.00844@sbi.co.in
Nature of instrument creating charge	Memorandum was executed on 13.5.2010 for recording extension of mortgage by deposit of title deeds covering enhanced limits and/or creation of equitable mortgage on properties for existing limits and enhanced limits and additional facilities
Date of instrument Creating the charge	13.05.2010
Amount secured by the charge	Rs.6712.100 millions
Short particular of the property or asset(s) charged	Particulars of the property/ies have been provided in Memorandum for recording extension of mortgage by deposit of title deeds

FIXED ASSETS

• Land
• Factory
• Building
• Non Factory
• Electrical Installation
• Plant and Machinery
• Furniture and Fixture
• Office and Other equipments
• Vehicles
• Computers

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.50.72
UK Pound	1	Rs.79.88
Euro	1	Rs.68.46

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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		50

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.