MIRA INFORM REPORT

Report Date :

24.11.2011

IDENTIFICATION DETAILS

Name :	NAGARJUNA OIL CORPORATION LIMITED (w.e.f. 16.06.1999)
Formerly Known As :	PENNAR REFINERIES LIMITED (w.e.f. 10.04.1995) Rashmi Computer Forms Private Limited
Registered Office :	MD Chambers, New No. 53 (Old No. 31), Dr. Radhakrishnan Salai, Mylapore, Chennai – 600004, Tamilnadu
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	20.05.1991
Com. Reg. No.:	18-20837
Capital Investment / Paid-up Capital :	Rs.9887.400 Millions
CIN No.: [Company Identification No.]	U30006TN1991PLC020837
TAN No.: [Tax Deduction & Collection Account No.]	CHEN02204G
PAN No.: [Permanent Account No.]	AAACN9369E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject offers Liquefied Petroleum Gas, Aviation Turbine Fuel, Motor Spirit, Coke, Sulphur and Fuel Oil.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (39)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 41745000
Status :	Moderate
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a subsidiary of Nagarjuna Fertilizers and Chemicals Limited. It is a well established company having moderate track. The company is yet to commence its formal business activities. However, trade relations are reported as fair. Payments are reported to be usually correct. In view of a strong holding company, subject can be considered 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/ Corporate Office :	MD Chambers, New No. 53 (Old No. 31), Dr. Radhakrishnan Salai, Mylapore, Chennai – 600004, Tamilnadu, India
Tel. No.:	91-44-28119008/ 9/ 10/ 28119016, 28119056, 28114578/ 4579
Fax No.:	91-44-28119002/ 28119058/ 28119056
E-Mail :	helpdesk@nocl.co.in corpcomm@nagarjunaoil.com
Website :	http://www.nocl.co.in
Group Website :	www.nagarjunagroup.com
Refinery Project Site Address :	Kayalpattu Village, Poochimedu , Cuddalore District -608801, Tamilnadu, India
Tel. No.:	91-4142-270700
Fax No.:	91-4142-270707
Welfare Center and Guest-House:	No. 66, Beach Road, Cuddalore – 607 001, Tamilnadu,  India

DIRECTORS

As on 17.05.2011

Name :

Mr. Kanumuru Satyanarayana Raju

Designation :

Director

Address :

“Digvijayam”, Plot No. 933A, Road No.47, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

29.06.1950

Date of Appointment :

02.08.1997

DIN No.:

00008177

Other Directorship :

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
L24129AP1976PLC001983	Nagarjuna Fertilizers and Chemicals Limited	Managing director	1/04/2008	3/07/1993	-	Amalgamated	NO
U00337KA1993PLC014694	Jaiprakash Engineering and Steel Company Limited	Director	24/09/1994	24/09/1994	-	Active	NO
U80100AP1995NPL022409	Nagarjuna Agricultural Research and Development Institute	Director	28/11/1995	28/11/1995	-	Active	NO
U80101AP1995NPL022410	K V K Raju International Leadership Academy	Director	28/11/1995	28/11/1995	-	Active	NO
U31909KA1996PLC019918	Udupi Power Corporation Limited	Director	24/02/1996	24/02/1996	3/08/2007	Active	NO
U85300DL1955NPL002999	The Fertiliser Association of India	Director	29/03/1996	29/03/1996	-	Active	NO
L24219AP1993PLC016607	Nagarjuna Agrichem Limited	Director	28/06/1997	28/06/1997	-	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	2/08/1997	2/08/1997	-	Active	NO
U80100AP1992NPL014292	Nagarjuna Foundation	Director	5/11/1998	5/11/1998	-	Active	NO
U72200AP2000PLC033353	Kanumuru Education and Knowledge Limited	Director	28/01/2000	28/01/2000	-	Active	NO
U72200MH2000PLC203427	Ikisan Limited	Director	22/03/2000	22/03/2000	-	Amalgamated	NO
U01122AP2000PTC034192	Bijam Biosciences Private Limited	Director	1/10/2000	1/10/2000	21/11/2008	Active	NO
U24129MH2001PLC210070	Nagarjuna Corporation Limited	Director	25/06/2001	25/06/2001	-	Active	NO
U74140AP2003PTC041263	Bijam Private Limited	Director	25/07/2003	25/07/2003	21/11/2008	Active	NO
U40109AP2005PTC046105	Himagiri Hydro Energy Private Limited	Director	4/05/2005	4/05/2005	-	Active	NO
L24219AP1993PLC015963	Bhagiradha Chemicals and Industries Limited	Director	31/07/2006	29/07/2005	-	Active	NO
U15499AP2000PTC035114	Himagiri Enterprises Private Limited	Director	5/04/2007	5/04/2007	-	Active	NO
U45209AP2007PTC053925	Global Horizon Urban Infra Private Limited	Director	10/05/2007	10/05/2007	-	Active	NO
U70103AP2008PTC059564	Kanumuru Properties and Images Private Limited	Director	9/06/2008	9/06/2008	-	Active	NO
U24129AP2006PLC076238	Nagarjuna Fertilizers and Chemicals Limited	Managing director	1/08/2011	15/12/2009	-	Active	NO
U23200AP2010PLC071242	Nagarjuna Oil Refinery Limited	Director	12/07/2011	16/11/2010	-	Active	NO

Name :

Dr. Abid Hussain

Designation :

Chairman

Address :

237, Sector 15A, Noida – 201 301, Uttar Pradesh, India

Date of Birth/Age :

19.12.1926

Date of Appointment :

29.06.1996

DIN No.:

00612504

Other Directorship :

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
U74999AP1992PLC014388	Gvk Industries Limited	Director	7/11/1992	7/11/1992	-	Active	NO
L29309AP1992PLC015102	Hyderabad Flextech Limited	Director	9/12/1993	9/12/1993	-	Amalgamated	NO
L17100MH1984PLC033143	Zodiac Clothing Company Limited	Director	1/02/1994	1/02/1994	-	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	29/06/1996	29/06/1996	-	Active	NO
L24230MH1999PLC120720	Wockhardt Limited	Director	25/02/2000	25/02/2000	-	Active	NO
L31900DL1983PLC016304	Havells India Limited	Director	29/08/2000	29/08/2000	5/07/2010	Active	NO
L40109AP1995PLC019349	Taj Gvk Hotels And Resorts Limited	Director	27/04/2001	27/04/2001	-	Active	NO
L74999AP2005PLC059013	Gvk Power and Infrastructure Limited	Director	14/10/2005	14/10/2005	-	Active	NO
U45209AP2001PLC037861	Gangavaram Port Limited	Director	26/08/2006	26/08/2006	2/04/2011	Active	NO

Name :

Mr. Minoo Rustomji Shroff

Designation :

Director

Address :

Penninsular House, 3^rd Floor, 235, Dr. D. N. Road, Mumbai – 400 001, Maharashtra, India

Date of Birth/Age :

28.01.1929

Date of Appointment :

29.03.2000

DIN No.:

00001472

Other Directorship :

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
U01110MH1979PLC021159	Amzel Limited	Director	25/02/1980	25/02/1980	-	Active	NO
L99999MH1982PLC026903	Shrenuj and Company Limited	Director	19/12/1988	19/12/1988	-	Active	NO
U35300MH1947PTC005720	Afl Private Limited	Director	5/03/1991	5/03/1991	-	Active	NO
U65990MH1999PTC118686	Zoroastrian Investment Corporation Private Limited	Director	8/03/1999	8/03/1999	-	Active	NO
L27105MP1984PLC002521	Sti India Limited	Director	30/07/1999	30/07/1999	8/06/2009	Active	NO
U91110MH1999NPL122154	Centre For Promotion of Entreprenurship	Director	11/10/1999	11/10/1999	-	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	29/03/2000	29/03/2000	-	Active	NO
U40109MP2002SGC015121	Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited	Director	12/09/2002	12/09/2002	21/09/2007	Active	NO

Name :

Mr. Kanumuru Rahul Raju

Designation :

Director

Address :

Digvijayam, Plot No.933A, Road No.47, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

31.08.1976

Date of Appointment :

30.09.2003

DIN No.:

00015990

Other Directorship :

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
U80100AP1992NPL014292	Nagarjuna Foundation	Director	22/12/1999	22/12/1999	-	Active	NO
U01122AP2000PTC034192	Bijam Biosciences Private Limited	Director	6/04/2000	6/04/2000	-	Active	NO
U72200MH2000PLC203427	Ikisan Limited	Director	22/09/2000	22/09/2000	-	Amalgamated	NO
L24129AP1976PLC001983	Nagarjuna Fertilizers and Chemicals Limited	Whole-time director	26/06/2009	24/02/2001	-	Amalgamated	NO
U24129MH2001PLC210070	Nagarjuna Corporation Limited	Director	25/06/2001	25/06/2001	-	Active	NO
L24219AP1993PLC016607	Nagarjuna Agrichem Limited	Director	29/06/2001	29/06/2001	-	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	30/09/2003	30/09/2003	-	Active	NO
U74140AP2003PTC041263	Bijam Private Limited	Director	30/09/2004	30/09/2004	-	Active	NO
U65990AP2004PTC044341	Bijam Projects and Estates Private Limited	Director	6/10/2004	6/10/2004	-	Active	NO
U80101AP1995NPL022410	K V K Raju International Leadership Academy	Director	25/04/2006	25/04/2006	-	Active	NO
U72900AP2008PTC061858	Ontray Internet Services Private Limited	Director	17/11/2008	17/11/2008	-	Active	NO
U01403AP2009PTC063018	Agtive Bio – Sciences Private Limited	Director	11/03/2009	11/03/2009	-	Active	NO
U24129AP2006PLC076238	Nagarjuna Fertilizers and Chemicals Limited	Whole-time director	1/08/2011	15/12/2009	-	Active	NO
U45200MH2010PTC202622	Baron Properties Private Limited	Director	9/06/2010	9/06/2010	-	Active	NO
U45202MH2010PTC202573	White Stream Properties Private Limited	Director	9/06/2010	9/06/2010	-	Active	NO
U45400MH2010PTC202722	Growth Stream Properties Private Limited	Director	9/06/2010	9/06/2010	-	Active	NO
U23200AP2010PLC071242	Nagarjuna Oil Refinery Limited	Director	12/07/2011	16/11/2010	-	Active	NO

Name :

Mr. Mohammed Asad Pathan

Designation :

Director

Address :

K – 80, I Floor, Hauz Khas Enclave, New Delhi – 110 016, India

Date of Birth/Age :

09.03.1942

Date of Appointment :

27.07.2009

DIN No.:

00040352

Other Directorship :

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
U92411DL1909PLC000407	The Delhi and District Cricket Association Limited	Director	21/06/2001	21/06/2001	14/03/2008	Active	NO
U44003MH1945PLC004403	Tata Industries Limited	Director	23/12/2002	23/12/2002	1/10/2007	Active	NO
U11100MH1993PLC134095	Tata Petrodyne Limited	Director	26/03/2003	26/03/2003	-	Active	NO
U23209UR2004PLC032537	Uttaranchal Bio Fuels Limited	Additional director	15/05/2007	15/05/2007	21/06/2010	Active	NO
U74200MH2007PLC170617	Iot Engineering Projects Limited	Director	22/09/2008	14/06/2007	-	Active	NO
U22122DL1970PTC092640	Tata Mcgraw Hill Education Private Limited	Additional director	7/08/2007	7/08/2007	11/06/2010	Active	NO
U63032KL1972GOI002414	Cochin Shipyard Limited	Nominee director	18/07/2008	18/07/2008	17/07/2011	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	27/07/2009	5/08/2008	-	Active	NO
L74899DL1964GOI004281	Bharat Heavy Electricals Limited	Director	17/09/2009	22/06/2009	-	Active	NO

Name :

Mr. Ashutosh Yashvir Tyagi

Designation :

Director

Address :

Bunglow No.9, Dream Land Society, Dr. Soares Road, Chembur, Mumbai – 400 071, Maharashtra, India

Date of Birth/Age :

02.04.1974

Date of Appointment :

27.07.2009

Date of Ceasing :

05.09.2011

DIN No.:

00044751

Other Directorship :

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
U32109PN2005PTC020334	Trimble Mobility Solutions India Private Limited	Director	30/09/2005	30/09/2005	14/12/2010	Active	NO
U31300PN2005PLC021394	Tata Autocomp Gy Batteries Limited	Director	10/10/2005	10/10/2005	28/09/2011	Active	NO
U85110KA1989PLC013224	Tata Advanced Materials Limited	Director	31/05/2006	31/05/2006	18/08/2011	Active	NO
U29130PN2006PTC128649	Taco Hendrickson Suspensions Private Limited	Director	19/09/2007	4/11/2006	30/12/2008	Active	NO
U99999PN1997PLC110139	Tata Toyo Radiator Limited	Director	29/09/2007	21/06/2007	-	Active	NO
U34300PN2004PTC019215	Faurecia Interior Systems India Private Limited	Director	26/09/2008	27/03/2008	1/12/2009	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	27/07/2009	5/08/2008	5/09/2011	Active	NO
U93090MH2007PLC173035	Tata Industrial Services Limited	Director	17/09/2009	12/08/2009	16/09/2011	Active	NO
U73100UP2006PTC032566	Aurora Integrated Systems Private Limited	Nominee director	17/12/2009	17/12/2009	-	Active	NO

Name :

Mr. Ashok Jagjivan Gupta

Designation :

Director

Address :

C – 5, Tata Chemicals Limited Township, P.O. Babrala Industrial Estate, Badaun – 242 021, Uttar Pradesh, India

Date of Birth/Age :

28.10.1956

Date of Appointment :

05.08.2008

DIN No.:

02337044

Other Directorship :

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
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	27/07/2009	5/08/2008	-	Active	NO

Name :

Mr. Vijayanand Yeluri

Designation :

Director

Address :

Sargam, 1-55/32, DCL Camelot Enclave, Majid Banda, Kondapur, Hyderabad – 500 084, Andhra Pradesh, India

Date of Birth/Age :

17.08.1947

Date of Appointment :

06.11.2008

DIN No.:

00594503

Other Directorship :

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
U99999MH1986PLC040298	SBI Capital Markets Limited	Nominee director	1/08/2006	1/08/2006	31/08/2007	Active	NO
U67190MH2005PLC157240	SBI caps Ventures Limited	Nominee director	1/08/2006	1/08/2006	31/08/2007	Active	NO
U99999MH2000GOI129113	SBI Life Insurance Company Limited	Director	1/08/2006	1/08/2006	31/08/2007	Active	NO
L63040MH1978PLC020717	Thomas Cook (India) Limited	Nominee director	10/08/2006	10/08/2006	31/08/2007	Active	NO
U65190MH1993PLC074381	SBI Commercial and International Bank Limited	Nominee director	14/08/2006	14/08/2006	31/08/2007	Active	NO
U65190MH1991PTC060503	SBI Factors and Commercial Services Private Limited	Director	24/01/2008	16/08/2006	-	Amalgamated	NO
U65991MH2003PTC138496	SBI Mutual Fund Trustee Company Private Limited	Director	22/09/2006	22/08/2006	31/08/2007	Active	NO
U65999MH2002PLC134884	Asset Reconstruction Company (India) Limited	Nominee director	29/08/2006	29/08/2006	24/09/2007	Active	NO
U72900MH2006PLC159038	C-Edge Technologies Limited	Nominee director	28/05/2007	11/09/2006	19/10/2007	Active	NO
U72300MH2000PLC128359	Credit Information Bureau (India) Limited	Director	24/07/2007	21/09/2006	31/08/2007	Active	NO
U65910MH1988PLC046447	SBI Dfhi Limited	Director	10/10/2006	10/10/2006	15/10/2007	Active	NO
U65999MH2005PLC155485	SBI cap Securities Limited	Nominee director	17/10/2006	17/10/2006	31/08/2007	Active	NO
U66020MH2007GOI176787	SBI Pension Funds Private Limited	Additional director	2/01/2009	14/12/2007	2/04/2009	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	27/07/2009	6/11/2008	-	Active	NO
U00337KA1993PLC014694	Jaiprakash Engineering And Steel Company Limited	Director	7/03/2009	7/03/2009	-	Active	NO
U72200MH2000PLC203427	Ikisan Limited	Director	25/06/2009	9/03/2009	-	Amalgamated	NO
U80100AP1995NPL022409	Nagarjuna Agricultural Research and Development Institute	Director	13/07/2009	11/03/2009	-	Active	NO
U65910DL1994PLC057109	Caparo Financial Solutions Limited	Director	22/08/2009	1/04/2009	-	Active	NO
U65929MH2001PLC131203	SBI Global Factors Limited	Director	22/07/2010	10/06/2010	-	Active	NO
U70102MH2007PLC169889	Ikisan Limited	Additional director	11/10/2010	11/10/2010	-	Amalgamated	NO

Name :

Mr. Srirangam Rangaswamy Ramakrishnan

Designation :

Director

Address :

1005, Nanda Block, Kaushambi Apartments, Shahibabad – 201 010, Uttar Pradesh, India

Date of Birth/Age :

04.02.1935

Date of Appointment :

27.07.2009

DIN No.:

00015839

Other Directorship :

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
L24129AP1976PLC001983	Nagarjuna Fertilizers and Chemicals Limited	Director	18/09/1995	18/09/1995	-	Amalgamated	NO
L74210TN2000PLC045167	Shriram Epc Limited	Director	14/05/2005	14/05/2005	-	Active	NO
U31909WB2007PTC114003	Carter Engineering Private Limited	Director	25/05/2007	25/05/2007	-	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Director	27/07/2009	20/01/2009	-	Active	NO
U23200AP2010PLC071242	Nagarjuna Oil Refinery Limited	Director	12/07/2011	17/06/2011	-	Active	NO
U24129AP2006PLC076238	Nagarjuna Fertilizers and Chemicals Limited	Additional director	27/07/2011	27/07/2011	-	Active	NO

Name :

Mr. Sunil Paliwal

Designation :

Nominee Director

Address :

B/4/8, SAF Games Village, Koyambedu, Chennai – 600107, Tamilnadu, India

Date of Birth/Age :

25.11.1968

Date of Appointment :

08.01.2010

Date of Ceasing :

26.05.2011

DIN No.:

01310101

Other Directorship :

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
U65993TN1965SGC005327	Tamilnadu Industrial Development Corporation Limited	Managing director	7/01/2010	20/02/2007	20/05/2011	Active	NO
L74999TZ1984PLC001456	Titan Industries Limited	Nominee director	29/01/2010	26/02/2007	6/12/2010	Active	NO
U45309TN2001PLC047979	Ticel Bio Park Limited	Director	27/01/2010	1/03/2007	26/05/2011	Active	NO
U74999TN1997PLC039523	Tidel Park Limited	Director	27/09/2010	5/03/2007	23/06/2011	Active	NO
U36911TN1987PLC014168	Mepco Industries Limited	Director	9/03/2007	9/03/2007	12/10/2007	Active	NO
U24117TN1989PLC017845	Malladi Specialities Limited	Nominee director	29/09/2007	29/03/2007	27/12/2007	Active	NO
U85110KA1993PLC014090	Titan Holdings Limited	Nominee director	30/08/2007	30/03/2007	21/12/2007	Amalgamated	NO
U36911KA1996PLC020977	Tanishq (India) Limited	Nominee director	30/08/2007	30/03/2007	21/12/2007	Active	NO
U29199TZ1991PLC003561	Titan Mechatronics Limited	Nominee director	30/08/2007	30/03/2007	21/12/2007	Active	NO
U45202TN2004PLC053775	Ennore Sez Company Limited	Nominee director	24/02/2010	18/04/2007	3/06/2011	Active	NO
L23200TN1984PLC010931	Tamilnadu Petroproducts Limited	Nominee director	28/01/2010	23/04/2007	29/07/2011	Active	NO
L24117TN1972PLC006271	Tanfac Industries Limited	Director	13/07/2007	24/04/2007	25/10/2007	Active	NO
U45209TN2007PLC064060	Tidel Park Coimbatore Limited	Director	12/01/2010	27/06/2007	24/06/2011	Active	NO
U65191TN1990SGC018909	Tamilnadu Urban Finance And Infrastructure Development Corporation Limited	Director	7/08/2008	7/08/2008	31/03/2009	Active	NO
U45209TN1998PLC040572	Tamil Nadu Road Development Company Limited	Managing director	12/08/2009	2/01/2009	18/06/2011	Active	NO
U45203TN2003PLC050703	IT Expressway Limited	Managing director	12/08/2009	31/03/2009	18/06/2011	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Nominee director	8/01/2010	8/01/2010	26/05/2011	Active	NO
U92490TN1997PLC037551	Mahindra World City Developers Limited	Director	11/01/2010	11/01/2010	8/10/2010	Active	NO
U55101TZ1998PLC008431	Tanflora Infrastructure Park Limited	Nominee director	12/01/2010	12/01/2010	23/05/2011	Active	NO
U45200TN2008PLC066931	Tril Infopark Limited	Director	3/09/2010	27/01/2010	27/05/2011	Active	NO
U70101TN2000PLC044980	AMRL Hitech City Limited	Nominee director	19/03/2010	19/03/2010	23/05/2011	Active	NO
U74999TN1971SGC005967	State Industries Promotion Corporation of Tamilnadu Limited	Director	24/03/2010	24/03/2010	19/05/2011	Active	NO
U91120TN2000NPL046140	Tamilnadu Trade Promotion Organisation	Nominee director	25/03/2010	25/03/2010	-	Active	NO
U27209TN1977SGC007291	Electronics Corporation of Tamilnadu Limited	Director	10/02/2011	10/02/2011	9/06/2011	Active	NO
U74999TN1922NPL001455	Madras Race Club	Nominee director	19/05/2011	19/05/2011	-	Active	NO
U93090TN1983SGC010048	Tamilnadu State Marketing Corporation Limited	Director	25/05/2011	25/05/2011	-	Active	NO

Name :

Mr. S Ramasundaram

Designation :

Managing Director and CEO

Address :

Row House No. 22, Plaza Green Acres Lake View Road, Perungudi, Chennai – 600096, Tamilnadu, India

Date of Birth/Age :

02.04.1954

Date of Appointment :

22.12.2010

DIN No.:

00147563

Other Directorship :

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
U65993TN1965SGC005327	Tamilnadu Industrial Development Corporation Limited	Managing director	24/05/2006	24/05/2006	30/04/2009	Active	NO
U45309TN2001PLC047979	Ticel Bio Park Limited	Director	26/05/2006	26/05/2006	30/04/2009	Active	NO
L11101TN1969PLC005778	Southern Petrochemical Industries Corporation Limited	Nominee director	30/05/2006	30/05/2006	30/06/2008	Active	NO
U45209TN1998PLC040572	Tamil Nadu Road Development Company Limited	Nominee director	31/05/2006	31/05/2006	30/04/2009	Active	NO
U45202TN2004PLC053775	Ennore Sez Company Limited	Nominee director	2/06/2006	2/06/2006	12/06/2009	Active	NO
U74999TN1997PLC039523	Tidel Park Limited	Director	5/06/2006	5/06/2006	8/05/2009	Active	NO
L74999TZ1984PLC001456	Titan Industries Limited	Nominee director	5/06/2006	5/06/2006	11/05/2009	Active	NO
U74999TN1971SGC005967	State Industries Promotion Corporation of Tamilnadu Limited	Director	20/06/2006	20/06/2006	18/06/2009	Active	NO
U45203TN2003PLC050703	It Expressway Limited	Nominee director	5/09/2006	24/06/2006	30/04/2009	Active	NO
U55101TZ1998PLC008431	Tanflora Infrastructure Park Limited	Nominee director	27/06/2006	27/06/2006	11/05/2009	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Managing director	22/12/2010	10/07/2006	-	Active	NO
L23200TN1984PLC010931	Tamilnadu Petroproducts Limited	Nominee director	27/07/2006	27/07/2006	24/07/2008	Active	NO
U92490TN1997PLC037551	Mahindra World City Developers Limited	Nominee director	17/08/2006	17/08/2006	12/06/2009	Active	NO
U74999TN2003PLC051878	Ascendas It Park (Chennai) Limited	Director	28/08/2006	28/08/2006	29/04/2008	Active	NO
U27209TN1977SGC007291	Electronics Corporation of Tamilnadu Limited	Nominee director	20/09/2006	20/09/2006	27/07/2009	Active	NO
U70101AP2001PTC038151	Nsl Sez (Chennai) Private Limited	Nominee director	23/04/2007	23/04/2007	24/02/2009	Active	NO
U02423KA2005PTC035749	Biopure Healthcare Private Limited	Nominee director	20/06/2007	20/06/2007	11/07/2008	Active	YES
U45209TN2007PLC064060	Tidel Park Coimbatore Limited	Nominee director	21/06/2007	21/06/2007	8/05/2009	Active	NO
U45200TN2008PLC066931	Tril Infopark Limited	Additional director	7/05/2008	7/05/2008	8/05/2009	Active	NO
U41000TN2008NPL069700	Adyar Poonga	Director	25/05/2009	25/05/2009	30/06/2011	Active	NO
U63040TN1971SGC006006	Tamilnadu Tourism Development Corporation Limited	Director	26/05/2009	26/05/2009	21/10/2010	Active	NO
U65191TN1991SGC021030	Tamilnadu Power Finance and Infrastructure Development Corporation Limited	Managing director	31/07/2010	31/07/2010	3/09/2010	Active	NO

Name :

Mrs. Salila George

Designation :

Director

Address :

D – 32, Maker Kundan Gardens, Juhu Tara Road, Santacruz (West), Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

22.07.1958

Date of Appointment :

24.03.2009

DIN No.:

02236134

Other Directorship :

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
U99999MH1964PLC012913	Haldyn Corporation Limited	Nominee director	31/12/2003	31/12/2003	24/08/2007	Active	NO
U30006TN1991PLC020837	Nagarjuna Oil Corporation Limited	Nominee director	24/03/2009	24/03/2009	-	Active	NO

Employed for the year

Name :

Mr. P R K Rao

Designation :

Executive Director (Finance)

Date of Birth/ Age :

57 Years

Qualification :

B. E, MBA

Experience :

30 Years

Date of Appointment :

19.11.2008

Name :

Mr. C Mohan Kumar

Designation :

Executive Director (HR)

Date of Birth/ Age :

48 Years

Qualification :

BSC, PGDPMIR

Experience :

24 Years

Date of Appointment :

24.11.2008

KEY EXECUTIVES

Name :	Mr. P.D. Krishna Prasad
Designation :	Company Secretary
Address :	L-38-K, Bharathidasan Colony, K.K. Nagar, Chennai – 600 028, Tamilnadu, India
Date of Birth/Age :	05.03.1969
Date of Appointment :	05.04.2008
PAN No.:	AGLPD1141Q
Name :	Mr. R Sankaran
Designation :	President Projects
Date of Birth/Age :	64 Years
Qualification :	B. Tech (Electrical Engineering)
Experience :	42 Years
Date of Appointment :	01.11.2006
Name :	Mr. C Bharathy
Designation :	Senior Vice President (Projects)
Date of Birth/Age :	61 Years
Qualification :	B. E. (Mechanical), MBA
Experience :	39 Years
Date of Appointment :	22.03.1999
Name :	Mr, A K Pandian
Designation :	General Manager (Process and Operations)
Date of Birth/Age :	51 Years
Qualification :	B. E (Chem)
Experience :	26 Years
Date of Appointment :	06.07.2006
Name :	Mr. Narendra Pandey
Designation :	General Manager (INSP and QA/QC)
Date of Birth/Age :	55 Years
Qualification :	B. E., MBA
Experience :	32 Years
Date of Appointment :	01.08.2006
Name :	Mr. V Parthasarthy
Designation :	General Manager (Finance)
Date of Birth/Age :	52 Years
Qualification :	B. Com , ACA
Experience :	25 Years
Date of Appointment :	21.01.2009
Name :	Mr. S Ganesh
Designation :	General Manager (Materials)
Date of Birth/Age :	49 Years
Qualification :	B. E (Chem)
Experience :	25 Years
Date of Appointment :	14.05.2009
Name :	Mr. N Sripati
Designation :	Vice President (Projects)
Date of Birth/Age :	49 Years
Qualification :	B. E, PGDPBA
Experience :	25 Years
Date of Appointment :	09.07.2009
Name :	Mr. T N Rao
Designation :	General Manager (Head – PR and Communication)
Date of Birth/Age :	56 Years
Qualification :	M A (Economics)
Experience :	25 Years
Date of Appointment :	25.09.2009
Name :	Mr. Madhav S Kelkar
Designation :	General Manager (Civil)
Date of Birth/Age :	52 Years
Qualification :	M. Tech (Civil) IIT
Experience :	28 Years
Date of Appointment :	30.11.2009
Name :	Mr. Sherfuddeen Sheikh
Designation :	General Manager (Projects)
Date of Birth/Age :	54 Years
Qualification :	B. E., MS
Experience :	31 Years
Date of Appointment :	15.12.2008

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 17.05.2011

Names of Shareholders	No. of Shares
Nagarjuna Fertilizers and Chemicals Limited (India)	776219900
K. Lakshmi Raju	10*
K.S. Raju	10*
K. Rahul Raju	10*
Yasmin Mehta	10*
M. Srinivas	10*
T.V. Dwarakanath	10*
M. Ramakanth	10*
A.N. Chidamber	10*
A. Vyasa Maheshwara Rao	10*
K. Soma Raju	10*
Tamilnadu Industrial Development Corporation Limited (India)	27440000
Cuddalore Port Company Private Limited (India)	60700000
Tata Petrodyne Limited (India)	200880000

*Shares held on behalf of Nagarjuna Fertilizers and Chemicals Limited

As on 01.06.2011

Names of Allottees	No. of Shares
Tata Sons Limited, India	210720000
Udhe Gmbh	54880000
Total	265600000

Equity Share Break up (Percentage of Total Equity)

As on 17.05.2011

Category	Percentage
Government Companies	2.78
Bodies corporate	97.22
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject offers Liquefied Petroleum Gas, Aviation Turbine Fuel, Motor Spirit, Coke, Sulphur and Fuel Oil.

Products :

PRODUCT DESCRIPTION	ITEM CODE NO.
Liquid Petroleum, Gas Motor Spirit	2710.00
Jet/ Kerosene, High Speed Diesel	2711.12
Furnace Oil Sulphur	2711.13

• Liquefied Petroleum Gas
• Motor Spirit (Gasoline)
• Naphtha
• Aviation Turbine Fuel
• High Speed Diesel (Gasoil)
• Fuel Oil
• Bitumen
• Coke
• Sulphur

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• State Bank of Patiala, Atlanta, 1^st Floor, Jamanalal Bajaj Marg, Nariman Point, Mumbai – 400 021, Maharashtra, India
• Indian Overseas Bank, Central Office: 762, Anna Salai, Chennai – 600 002, Tamilnadu, India
• Bank of India
• IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400001, Maharashtra, India

Facilities :

Secured Loans	As on 31.03.2010 Rs. in Millions	As on 31.03.2009 Rs. in Millions
Term Loans
From Banks	16199.534	5264.073
From Financial Institutions	2832.800	829.900
Vehicle Loans	1.489	1.208
Total	19033.823	6095.181
Unsecured Loans	As on 31.03.2010 Rs. in Millions	As on 31.03.2009 Rs. in Millions
From Bank	2500.000	0.000
Interest accrued and due - Bank	5.548	0.000
From Holding Company	482.223	399.000
Total	2987.771	399.000

Banking Relations :	--
Auditors :
Name :	M. Bhaskara Rao and Company Chartered Accountants
Address :	5- D, Fifth Floor, “Kautilya”, 6-3-652, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India
PAN.:	AADFM4831E
Holding Company :	Nagarjuna Fertilizers and Chemicals Limited
Fellow Subsidiaries :	Jaiprakash Engineering and Steel Company Limited
Enterprises under common control :	IKisan Limited

CAPITAL STRUCTURE

After 17.05.2011

Authorised Capital : Rs.25000.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.13308.400 Millions

As on 17.05.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
250000000	Equity Shares	Rs.10/- each	Rs.25000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1065240000	Equity Shares	Rs.10/- each	Rs.10652.400 Millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000000	Equity Shares	Rs.10/- each	Rs.20000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
988740000	Equity Shares	Rs.10/- each	Rs.9887.400 Millions

Of the above 699720000 equity shares are held by Nagarjuna Fertilizers and Chemical Limited, 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		9887.400	9845.000	6997.200
2] Share Application Money		548.800	548.800	310.000
3] Reserves & Surplus		0.107	0.107	0.107
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		10436.307	10393.907	7307.307
LOAN FUNDS
1] Secured Loans		19033.823	6095.181	1179.025
2] Unsecured Loans		2987.771	399.000	1000.000
TOTAL BORROWING		22021.594	6494.181	2179.025
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		32457.901	16888.088	9486.332
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		547.730	249.273	37.387
Capital work-in-progress		19072.588	12373.469	8644.647
Expenditure during construction pending allocation		6623.479	4252.376	3862.168
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	7356.055	1626.724	685.672
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	12.893	33.735	7.618
Total Current Assets		7368.948	1660.459	693.290
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1434.059	1943.936	4059.196
	Current Liabilities	38.600	25.838	16.141
	Provisions	9.275	4.805	2.913
Total Current Liabilities		1481.934	1974.579	4078.250
Net Current Assets		5887.014	(314.120)	(3384.960)
MISCELLANEOUS EXPENSES		327.090	327.090	327.090
TOTAL		32457.901	16888.088	9486.332

KEY RATIOS

PARTICULARS	31.03.2010	31.03.2009	31.03.2008
Debt Equity Ratio (Total Liability/Networth)	2.25	0.81	0.86
Current Ratio (Current Asset/Current Liability)	4.97	0.84	0.17

LOCAL AGENCY FURTHER INFORMATION

FORM 8

This form is for	Modification of charge
Charge identification number of the modified	10125013
Corporate identity number of the company	U30006TN1991PLC020837
Name of the company	NAGARJUNA OIL CORPORATION LIMITED
Address of the registered office or of the principal place of business in India of the company	MD Chambers, New No.53, Dr. Radhakrishnan Salai, Mylapore, Chennai - 600 004, Tamilnadu, India
Type of charge	Immovable Property Any interest in immovable property Movable Property Floating Charge Goodwill Patent, license under a patent Trademark Copyright or license under copyright Others (Plant and machinery, all other assets)
Particular of charge holder	CIN No.: U65991MH2001GOI131154 IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400 001, Maharashtra, India E-Mail: itsl@idbitrustee.co.in
Nature of description of the instrument creating or modifying the charge	Indenture of Mortgage dated 15^th Day of May, 2009 executed in favour of IDBI Trusteeship Services Limited
Date of instrument Creating the charge	15.05.2009
Amount secured by the charge	Rs.31930.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Higher of prevailing State Bank of India advance rate (SBAR) on that particular day plus 50 basis points or prevailing IDBI Bench Mark Prime lending rate (BPLR) on that particular day for the entire outstanding loan of the lenders is payable to all lenders in the consortium except Life Insurance Corporation of India (LIC) The interest rate for LIC is 11.25% per annum. Terms of Repayment The facility has door to door maturity of 13 years comprising of construction period of 3 years, a moratorium of 2 years thereafter and repayment of 8 years thereafter. The entire loan amount of INR 31930 Millions is to be repaid in 32 equal quarterly installments by making payment to each of the lenders in the consortium of their respective share in the overall limit of INR 31930 Millions as agreed to by them Extent and Operation of the charge The charge operates as continuing security for the due repayment and discharge by the company of the credit facilities aggregating to INR 31930 Millions together with interest, costs and charges Others The lenders have the rights to assign the loan from time to time, in part of in whole, and upon such assignment the benefit of the charge shall be available to the assignee also
Short particulars of the property charged	Freehold Land admeasuring an extent of 509 acres and leasehold land admeasuring an extent of 1065.96 acres both situated at Cuddalore including all structures erected/ to be erected thereon, rights, interest, claims and benefits under the projects documents, structured financial assistance from the Government of Tamilnadu, Trust and Retention Account and Debt Service Reserve Account and all other assets wherever situated are charged in favour of IDBI Trusteeship Services Limited
Particulars of the present modification	The credit facilities are additionally secured by a charge on the immovable properties (both freehold and leasehold land), rights, interest, claims and benefits under the projects documents, structured financial assistance from the Government of Tamilnadu, Trust and Retention Account and Debt Service Reserve Account and all other assets of the Borrower

PROJECT REVIEW:

The original project cost of Rs.47900.000 Millions was determined in 2006. Since then, many developments have taken place having a bearing on the project cost,

The company appointed Technip KTI Limited to reassess the project cost taking into consideration the delay in commencing tile project and also due to increases in the interest rates and foreign exchange rates.

Technip KTI Limited was also mandated to assess the increase in the project cost due to configuration changes in the scope 10 take advantages of the price differentials between sweet and sour crude. The company has taken these steps to improve the profitability of the Refinery Project and maintain the viability to the stakeholders of the company.

The board of directors of the company have approved the revised project cost estimate of Rs.69600.000 Millions in January, 2010.

The company has also taken necessary steps to tie up both additional debt finance of Rs.14470.000 Millions from financial institutions and additional equity of Rs.7230.000 millions from private equity investors.

Based on the feedback received so far, the company is confident of tying up the additional financial assistance required for the project and also of implementing the project as per schedule.

The quarterly review meeting on the project status between the senior management staff of C B and I Lummus, the project management consultant and of the company was held in December 2009. The major project milestones were reviewed and the necessary plans for timely execution of the project were detailed. Infrastructure, personnel and project schedule related issues were discussed in detail.

The engineering activities for all the relocated units of the project are in progress the Liague and in India. The selection of all the EPCM contractors for the various process units have been completed and engineering work is well advanced. The only major process unit contract pending is the LSTK contract for the Diesel Hydro Upgrader Unit (DHU) which is in an advanced stage arid will be awarded by April 2010.

As a time saving measure and to capture the favorable market conditions enquiries for 29 critical long lead items have been ordered and manufacturing lies commenced.

Shipment of equipment from European ports has been completed in September 2009 before the scheduled date of December 2009. The contractors for refurbishment of various equipment have been lined up and refurbishment work is in hill swing.

Memorandum of understanding for implementation of a 3x 60 mw coal based power plant has been signed with SEW Infrastructure Limited. The relevant agreement(s) are in an advanced stage of finalization.

The crude supply and product, off-take (export) contract with British Petroleum is in place, as also the agreement with domestic marketing with Indian oil Corporation.

Boundary Wall, Warehouse and Workshop works are in advanced stage and nearing completion. Temporary drain, final grading and lighting work have also been taken up. Civil works on foundations of equipment for all relocated units has commenced.

Sufficient skilled manpower for the project is in place.

The Refinery Project is expected to commence commercial production by November, 2011.

Contingent Liabilities for 31.03.2010 :

Claims against the company not acknowledged as debts : Rs. Nil

Estimated amount of Letters of Credit outstanding on capital account as on 31.03.2010 is Rs.1750.400 Millions.

FIXED ASSETS:

• Freehold Land
• Leasehold Land
• Building
• Furniture, Fixtures and Office Equipment
• Vehicles

Website details

The Company

Subject is a Subsidiary of Nagarjuna Fertilizers and chemicals Limited, is focused on pursuing the opportunities in oil and gas domain. The company is currently involved in developing a petroleum refinery project at cuddalore, tamilnadu.

Alliance

Nagarjuna group has partnered with state government of Tamilnadu and the Tata Petrodyne Limited. Along with few reputed corporate groups to implement the refinery project. The project participants bring with them strong expertise and experience towards development of the refinery project. The company has drawn up key alliances with reputed technology and service providers for speedy project implementation. Forging mutually beneficial relationships with established market players has been one of the key strengths of the company.

Project Highlights

· 15 million metric tons per annum (125,000 bpd) refinery at Cuddalore, Tamilnadu (200 km south of Chennai on east coast); 6 million metric tonnes per annum in the first phase

· Largest private sector investment in Tamilnadu with total projected investment of Rs.100000.000 Millions

· Refinery complex will have associated marine infrastructure including single point mooring (for crude oil handling in very large crude carriers) and jetty (for finished product handling)

· State-of-the-art refinery with high complexity index designed to enable processing various grades of crude oil (high sulphur-high residue to low sulphur- low residue)

· The refinery will produce auto fuels that will meet Indian and international specifications (euro iii & euro iv)

Project progress

· Site development activities complete

· Civil work for the refinery in advanced stage - construction of workshop, warehouse, roads, drains, culverts, water and power distribution facilities completed

· Piping works are proceeding in an accelerated mode ·

· Refurbishment of major equipments and machineries near completion

· Basic engineering complete, with detailed engineering in advanced stages of completion for the refinery complex all long lead equipment ordered and manufacturing in advanced stage

· Procurement activities by EPCM contractors in progress and orders placement for long lead items completed

· Development of green belt area in progress with more than 5000 saplings planted

· Erections and constructions:

o Two huge columns of debutanizer, deisopentanizer of gasoline and saturated gas plant

o crude / vacuum distillation unit - fin fan coolers

o Chd / mtb and isomerization reactor

o fluid catalytic cracking unit - reactor structure

o de-salter erected in crude / vacuum distillation unit

o 3 heaters (b-401/102/202)

o 2 shell lifts for 4 storage tanks completed

THE REFINERY

Work at the refinery site commenced in 2006, and it is a state-of-the-art project that will refine 6 million metric tonnes of crude petroleum per annum. They have relocated a fully functional refinery from Germany to their Cuddalore site. The refinery will have additional process units, offsites, and utilities including captive power plant, crude receipt and product evacuation facilities. The refinery project on completion will produce some of the finest quality petro products including euro iv and euro v auto fuels, LPG, and bitumen.

The project site is spread over an area of 1600 acres, which includes 300 acres of greenbelt. With completion of basic engineering and detailed engineering making rapid progress, procurement activities are at its peak.

Great emphasis has been laid on putting in place a competent team and necessary infrastructure to ensure completion of project as per the schedule and achieve commissioning by November 2011.

The competitive advantages the refinery enjoys are:

· Location in the area that is deficit for petroleum products and amidst the high demand centers

· Easy access to metropolitan cities in southern region through rail and road

· Single buoy mooring to help import crude through very large crude carriers (VLCC)

· Facility to handle up to 65000 dwt tankers for exports / coastal movement – ideal location for exports to SAARC and southeast Asian countries

· Refinery with high distillate yield – capable of producing value added products which are in high demand

· Infrastructure facilities provide scope for further expansion of refining capacity by additional 9 million tonnes

· The refinery on commissioning will go long way in satiating the energy demands of the state and nation, resulting in employment generation and various other benefits to the state

GROUP

The refinery on commissioning will go long way in satiating the energy demands of the state and nation, resulting in employment generation and various other benefits to the state Nagarjuna group, established in the year 1974, is one of the fastest growing corporate conglomerates in India. Within a decade of its inception, the group has forged successful partnerships, with credible international and Indian enterprises and fostered close relationships in both technological and financial spheres of its business.

The group has core competence in setting up large projects, technology absorption and developing innovative agri solutions. It has an excellent track record of operational performance, safety and commitment to environment.

Today, nagarjuna group has grown in to a prominent industrial house with an asset base of over USD 2.5 billion. It has interests in the areas of Agri business, petroleum, power and life sciences.

Agriculture:

The flagship company of the group, Nagarjuna fertilizers and chemicals limited (NFCL) is the largest manufacturer of urea in south India.

Nagarjuna is an integrated AG group with core competencies in the fields of plant nutrition, protection, irrigation, farm services and food processing. The products and services are designed to provide consumers access to safe, nutritious and tasty food and growers with maximum economic returns. They are one of the most recognized agricultural brands in India.

Agrichem:

Nagarjuna Agrichem manufactures a comprehensive range of pesticide technicals, formulations and custom manufactured fine chemicals conforming to international quality standards and specifications. It has an impressive range of formulations in the categories of insecticides, fungicides and herbicides.

Life sciences:

Focus is on achieving breakthroughs in the areas of genomes and new molecule discovery. Focus also lies in meeting the unmet medical needs and generating environment-friendly, value-added agriculture produce (yield, composition like oils, nutritive content, flavor and taste).

Energy:

The aim at Nagarjuna is to meet the energy needs of India, in ways that are affordable and environmentally viable, now and in the future. Nagarjuna is an upcoming integrated energy enterprise with core competencies in the fields of petroleum and power.

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.52.10
UK Pound	1	Rs.81.30
Euro	1	Rs.70.07

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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		39

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.