MIRA INFORM REPORT

Report Date :

29.11.2011

IDENTIFICATION DETAILS

Name :	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED

Formerly Known As :	HYDERABAD INTERNATIONAL AIRPORT LIMITED

Registered Office :	GMR Hial Airport Office, Rajiv Gandhi International Airport, Shamshabad, Hyderabad-500409, Andhra Pradesh

Country :	India

Financials (as on) :	31.03.2010

Date of Incorporation :	17.12.2002

Com. Reg. No.:	01-040118

Capital Investment/ Paid-up Capital:	Rs. 3780.000 Millions

CIN No.: [Company Identification No.]	U62100AP2002PLC040118

TAN No.: [Tax Deduction & Collection Account No.]	HYDH00882A

PAN No.: [Permanent Account No.]	AABCH3448M

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	To establish, promote, develop and/or finance, plan, design, develop, construct, alter, repair, set up, commission, operate, market, manage and maintain international airports and airport infrastructure.

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 7800000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a joint venture between GMR Group and the Hyderabad State Government. Available information indicates high financial responsibility of the company. Trade relations are fair. Fundamentals are strong and healthy. Payments are reported as usually correct and as per commitments. The company can be considered good for normal 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

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

LOCATIONS

Registered Office :	GMR Hial Airport Office, Rajiv Gandhi International Airport, Shamshabad, Hyderabad-500409, Andhra Pradesh, India
Tel. No.:	91-40-66764832
Fax No.:	91-40-66764808/ 66768236
E-Mail :	ghial.company@gmrgroup.co.in hial.bd@gmrgroup.co.in venkatramana.tangirala@gmrgroup.in
Website :	http://www.newhyderabadairport.com http://www.hyderabad.aero/airport/partnership.html

Factory :	6-3-866/1/G3 Green Lands Begumpet, Hyderabad – 500016, Andhra Pradesh, India
Tel. No.:	91-40-23410191
Fax No.:	91-40-55624443

DIRECTORS

As on 22.08.2011

Name :	Mr. Grandhi Mallikarjuna Rao
Designation :	Chairman
Address :	Varalakshmi Nilayam 486/76/38^th Cross, 1^st Main Road, 8^th Block, Jayanagar, Bangalore – 560082, Karnataka, India
Date of Birth/Age :	01.07.1949
Date of Appointment :	29.10.2003
DIN NO:	00574243

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	L45203KA1996PLC034805	Gmr Infrastructure Limited	Whole-time director	18/10/2007	22/05/1999	-	Active	NO
2	U85110KA1996PLC021262	Gmr Energy Limited	Managing director	25/09/1999	25/09/1999	17/10/2007	Active	NO
3	U45203KA2001PTC049328	Gmr Tuni-Anakapalli Expressways Private Limited	Director	27/08/2001	27/08/2001	10/1/2008	Active	NO
4	U45203KA2001PTC049329	GMR Tambaram Tindivanam Expressways Private Limited	Director	27/08/2001	27/08/2001	10/1/2008	Active	NO
5	U23201KA1997PLC032964	GMR Vemagiri Power Generation Limited	Director	1/10/2001	1/10/2001	15/10/2007	Active	NO
6	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	29/10/2003	29/10/2003	-	Active	NO
7	U80301AP2003NPL042195	GMR Varalakshmi Foundation	Director	9/12/2003	9/12/2003	-	Active	NO
8	U45203KA2005PTC036773	GMR Ambala-Chandigarh Expressways Private Limited	Director	14/07/2005	14/07/2005	10/1/2008	Active	NO
9	U13100KA2005PTC037308	GMR Mining And Energy Private Limited	Director	23/09/2005	23/09/2005	17/10/2007	Active	NO
10	U45200KA2005PLC049327	GMR Pochanpalli Expressways Limited.	Director	18/10/2005	18/10/2005	10/1/2008	Active	NO
11	U45200KA2005PTC049326	GMR Jadcherla Expressways Private Limited	Director	18/10/2005	18/10/2005	10/1/2008	Active	NO
12	U74920KA2005PLC036865	Raxa Security Services Limited	Director	14/12/2005	14/12/2005	13/09/2007	Active	NO
13	U45203KA2006PLC038379	GMR Highways Limited	Director	3/2/2006	3/2/2006	10/1/2008	Active	NO
14	U40101UR2006PTC031381	GMR (Badrinath) Hydro Power Generation Private Limited	Director	17/02/2006	17/02/2006	15/10/2007	Active	NO
15	U45203KA2006PTC038784	GMR Ulundurpet Expressways Private Limited	Director	20/03/2006	20/03/2006	10/1/2008	Active	NO
16	U63033DL2006PTC146936	Delhi International Airport Private Limited	Director	11/6/2007	19/04/2006	-	Active	NO
17	U45400DL2007PTC163751	Delhi Aerotropolis Private Limited	Director	16/06/2008	18/06/2007	-	Active	NO
18	U67120MH1993PTC207451	GMR Holdings Private Limited	Director	30/09/2008	18/08/2007	-	Active	NO
19	U45209TN2007PLC064863	GMR Krishnagiri Sez Limited	Director	18/08/2008	28/09/2007	20/12/2010	Active	NO
20	U45400AP2007PLC054827	GMR Hyderabad Aerotropolis Limited	Director	27/06/2008	29/09/2007	-	Active	NO
21	U23209AP2005PTC047372	Kakinada Refinery And Petrochemicals Private Limited	Director	22/09/2008	23/06/2008	-	Active	NO
22	U62200AP2008PLC059646	GMR Airport Developers Limited	Additional director	14/05/2010	14/05/2010	7/9/2010	Active	NO
23	U45200MH1996PTC205984	GMR Projects Private Limited	Director	21/05/2010	21/05/2010	7/9/2010	Active	NO
24	U45400KA2008PTC046642	GMR Infratech Private Limited	Director	18/08/2010	8/6/2010	7/9/2010	Active	NO
25	U45200KA2008PTC045780	GMR Infra Ventures Private Limited	Additional director	18/03/2011	18/03/2011	-	Converted to LLP and dissolved	NO
26	U65999KA1992PLC037455	GMR Airports Holding Limited	Director	17/06/2011	31/03/2011	-	Active	NO


Name :	Mr. Kiran Kumar Grandhi
Designation :	Managing Director
Address :	Varalakshmi Nilayam 486/76/38^th Cross, 1^st Main Road, 8^th Block, Jayanagar, Bangalore – 560082, Karnataka, India
Date of Birth/Age :	13.09.1975
Date of Appointment :	29.10.2003
DIN NO:	00061669

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	L45203KA1996PLC034805	GMR Infrastructure Limited	Director	5/12/1999	5/12/1999	-	Active	NO
2	U72200KA1993PLC030645	Ideaspace Solutions Limited	Director	4/8/2001	4/8/2001	19/08/2009	Active	NO
3	U45203KA2001PTC049328	GMR Tuni-Anakapalli Expressways Private Limited	Director	1/9/2001	1/9/2001	-	Active	NO
4	U45203KA2001PTC049329	GMR Tambaram Tindivanam Expressways Private Limited	Director	1/9/2001	1/9/2001	-	Active	NO
5	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Managing director	1/9/2010	29/10/2003	-	Active	NO
6	L28100KA1986PLC049077	Parrys Sugar Industries Limited	Director	26/05/2004	26/05/2004	30/07/2007	Active	NO
7	U80301AP2003NPL042195	GMR Varalakshmi Foundation	Director	29/06/2004	29/06/2004	-	Active	NO
8	U62100AP2005PTC045123	Gateways For India Airports Private Limited	Director	12/1/2005	12/1/2005	7/11/2009	Active	NO
9	U67120MH1993PTC207451	GMR Holdings Private Limited	Director	8/5/2005	8/5/2005	-	Active	NO
10	U63033DL2006PTC146936	Delhi International Airport Private Limited	Managing director	1/10/2007	19/04/2006	-	Active	NO
11	U62100AP2006PTC049243	Hyderabad Menzies Air Cargo Private Limited	Director	5/6/2006	5/6/2006	7/2/2007	Active	NO
12	U70100KA2009PTC049046	Gkr Holdings Private Limited	Director	4/2/2009	4/2/2009	-	Active	NO
13	U45201AP2008PLC067141	Mas GMR Aerospace Engineering Company Limited	Director	25/09/2009	26/04/2009	-	Active	NO
14	U52599DL2009PTC191963	Delhi Duty Free Services Private Limited	Director	7/12/2010	7/10/2009	-	Active	NO
15	U60100TN2010PLC074341	Tvs GMR Aviation Logistics Limited	Director	29/09/2011	6/5/2010	-	Active	NO
16	U65999KA1992PLC037455	GMR Airports Holding Limited	Director	17/06/2011	9/5/2011	-	Active	NO
17	U45200AP2003PTC041961	Kakinada Sez Private Limited	Director	30/08/2011	25/05/2011	-	Active	NO
18	U45203DL2011PTC225560	GMR Kishangarh Ahmedabad Expressways Private Limited	Director	27/09/2011	27/09/2011	-	Active	NO
19	U92410KA2008PTC051176	GMR Sports Private Limited	Additional director	1/10/2011	1/10/2011	-	Active	NO
20	U45201KA2009PTC050109	GMR Hyderabad Vijayawada Expressways Private Limited	Additional director	19/11/2011	19/11/2011	-	Active	NO
21	U45200DL2011PLC227902	GMR Kishangarh Udaipur Ahmedabad Expressways Limited	Director	24/11/2011	24/11/2011	-	Active	NO


Name :	Mr. Prasanna Challa
Designation :	Director
Address :	3-6-531, Challa Residency, Street No.7, Himayat Nagar, Hyderabad – 500029, Andhra Pradesh, India
Date of Birth/Age :	20.08.1960
Date of Appointment :	17.07.2010
DIN NO:	01630300

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	U67110AP1996PTC025488	P L Stock And Share Brokers Private Limited	Director	15/10/1996	15/10/1996	-	Dormant	NO
2	U45200AP1997PTC027649	Challa Constructions Private Limited	Director	30/07/1997	30/07/1997	-	Amalgamated	NO
3	U74900AP2007PLC054821	GMR Hyderabad Airport Resource Management Limited	Director	27/06/2008	18/07/2007	-	Active	NO
4	U45400AP2007PLC054827	GMR Hyderabad Aerotropolis Limited	Director	27/06/2008	18/07/2007	-	Active	NO
5	U74920AP2007PLC054862	Hyderabad Airport Security Services Limited	Director	27/06/2008	20/07/2007	-	Active	NO
6	U45209AP2007PLC056516	GMR Hyderabad Multiproduct Sez Limited	Director	3/6/2009	4/12/2007	-	Active	NO
7	U45209AP2007PLC056527	GMR Hyderabad Aviation Sez Limited	Director	3/6/2009	4/12/2007	-	Active	NO
8	U62200AP2008PLC059646	GMR Airport Developers Limited	Director	30/09/2009	13/06/2008	-	Active	NO
9	U62100AP2005PTC045123	Gateways For India Airports Private Limited	Director	30/09/2010	7/11/2009	-	Active	NO
10	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	9/8/2010	17/07/2010	-	Active	NO
11	U45209TN2007PLC064863	GMR Krishnagiri Sez Limited	Director	19/08/2011	20/12/2010	-	Active	NO


Name :	Mr. Srinivas Bommidala
Designation :	Director
Address :	No.309, 3^rd Cross, 2^nd Block, 2^nd Stage, Devasandra Rajmahal Vilas Extension, Bangalore – 560094, Karnataka, India
Date of Birth/Age :	01.03.1963
Date of Appointment :	08.07.2006
DIN NO:	00061464

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	U51909AP1988PTC009039	Bommidala Exports Private Limited	Director	13/09/1988	13/09/1988	-	Active	NO
2	U51909AP1988PTC009286	Bommidala Exim Private Limited	Director	22/11/1988	22/11/1988	-	Active	NO
3	U55101AP1985PTC005319	Hotel Shivam International Private Limited	Director	2/11/1992	2/11/1992	-	Active	NO
4	U15541AP1993PTC016105	Bommidala Tobacco Exporters Private Limited	Director	27/12/1993	27/12/1993	-	Active	NO
5	U40105KA1995PLC016942	GMR Power Corporation Limited	Director	4/6/1995	4/6/1995	15/10/2007	Active	NO
6	L45203KA1996PLC034805	GMR Infrastructure Limited	Director	1/10/2011	10/5/1996	-	Active	NO
7	U23201KA1997PLC032964	GMR Vemagiri Power Generation Limited	Director	19/04/2006	1/10/2001	15/10/2007	Active	NO
8	U85110KA1996PLC021262	GMR Energy Limited	Director	20/12/2001	20/12/2001	17/10/2007	Active	NO
9	U80301AP2003NPL042195	GMR Varalakshmi Foundation	Director	29/06/2004	29/06/2004	-	Active	NO
10	U67120MH1993PTC207451	GMR Holdings Private Limited	Director	8/5/2005	8/5/2005	-	Active	NO
11	U45203KA2005PTC036773	GMR Ambala-Chandigarh Expressways Private Limited	Director	10/1/2008	14/07/2005	-	Active	NO
12	U13100KA2005PTC037308	GMR Mining And Energy Private Limited	Director	23/09/2005	23/09/2005	17/10/2007	Active	NO
13	U16000AP2005PTC047651	Bommidala Tobacco Threshers Private Limited	Director	30/09/2005	30/09/2005	-	Under Process of Striking off	NO
14	U45200KA2005PLC049327	GMR Pochanpalli Expressways Limited.	Director	10/1/2008	18/10/2005	14/07/2009	Active	NO
15	U45200KA2005PTC049326	GMR Jadcherla Expressways Private Limited	Director	10/1/2008	18/10/2005	3/8/2009	Active	NO
16	U70101KA2006PTC038204	B S R Infrastructure Private Limited	Director	10/1/2006	10/1/2006	-	Active	NO
17	U45203KA2006PLC038379	GMR Highways Limited	Director	10/1/2008	3/2/2006	-	Active	NO
18	U40101UR2006PTC031381	GMR (Badrinath) Hydro Power Generation Private Limited	Director	17/02/2006	17/02/2006	20/02/2009	Active	NO
19	U45203KA2006PTC038784	GMR Ulundurpet Expressways Private Limited	Director	10/1/2008	20/03/2006	17/05/2010	Active	NO
20	U63033DL2006PTC146936	Delhi International Airport Private Limited	Director	1/10/2007	19/04/2006	-	Active	NO
21	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	26/05/2007	8/7/2006	-	Active	NO
22	U45400DL2007PTC163751	Delhi Aerotropolis Private Limited	Director	16/06/2008	18/06/2007	24/05/2010	Active	NO
23	U45209TN2007PLC064863	GMR Krishnagiri Sez Limited	Director	18/08/2008	28/09/2007	-	Active	NO
24	U45400AP2007PLC054827	GMR Hyderabad Aerotropolis Limited	Director	27/06/2008	29/09/2007	-	Active	NO
25	U45203KA2001PTC049328	GMR Tuni-Anakapalli Expressways Private Limited	Director	3/7/2008	10/1/2008	-	Active	NO
26	U45203KA2001PTC049329	GMR Tambaram Tindivanam Expressways Private Limited	Director	3/7/2008	10/1/2008	-	Active	NO
27	U92410KA2008PTC051176	GMR Sports Private Limited	Director	19/02/2008	19/02/2008	-	Active	NO
28	U92412KA2008PTC051177	GMR League Games Private Limited	Director	7/3/2008	7/3/2008	-	Active	NO
29	U23209AP2005PTC047372	Kakinada Refinery And Petrochemicals Private Limited	Director	22/09/2008	23/06/2008	-	Active	NO
30	U74999KA2009PTC049039	Bsr Holdings Private Limited	Director	4/2/2009	4/2/2009	-	Active	NO
31	U74920KA2005PLC036865	Raxa Security Services Limited	Director	29/09/2009	10/2/2009	1/2/2010	Active	NO
32	U45201KA2009PTC050109	GMR Hyderabad Vijayawada Expressways Private Limited	Director	11/6/2009	11/6/2009	19/11/2011	Active	NO
33	U62200KA2006PTC041278	GMR Aviation Private Limited	Director	29/09/2009	20/07/2009	22/02/2010	Active	NO
34	U45203KA2009PTC050441	GMR Chennai Outer Ring Road Private Limited	Director	21/07/2009	21/07/2009	-	Active	NO
35	U67120KA2008PTC045801	GMR Sez and Port Holdings Private Limited	Director	18/08/2010	1/2/2010	11/5/2011	Active	NO
36	U62200AP2008PLC059646	GMR Airport Developers Limited	Additional director	14/05/2010	14/05/2010	7/9/2010	Active	NO
37	U45200MH1996PTC205984	GMR Projects Private Limited	Director	21/05/2010	21/05/2010	7/9/2010	Active	NO
38	U40100KA2008PTC045783	GMR Gujarat Solar Power Private Limited	Director	14/07/2011	19/10/2010	-	Active	NO
39	U65999KA1992PLC037455	GMR Airports Holding Limited	Director	17/06/2011	9/5/2011	-	Active	NO
40	U45200AP2003PTC041961	Kakinada Sez Private Limited	Director	30/08/2011	25/05/2011	-	Active	NO
41	U45203DL2011PTC225560	GMR Kishangarh Ahmedabad Expressways Private Limited	Director	27/09/2011	27/09/2011	11/11/2011	Active	NO
42	U85110AP2011PTC076813	Amg Healthcare Destination Private Limited	Director	3/10/2011	3/10/2011	-	Active	NO
43	U45200DL2011PLC227902	GMR Kishangarh Udaipur Ahmedabad Expressways Limited	Director	24/11/2011	24/11/2011	-	Active	NO


Name :	Mr. Rigas Sotirios Doganis
Designation :	Director
Address :	95 South Hill Park NW3 25P, London, United Kingdom
Date of Birth/Age :	01.01.1939
Date of Appointment :	27.03.2004
DIN NO:	02472035


Name :	Mr. Tansri Bashir Ahmad Bin Abdul Majid
Designation :	Director
Address :	No. 17, Jalan PJU 3/16C, Damansara Indah Resort Homes, Petaling Jaya, Selangor-47410, Malaysia
Date of Birth/Age :	20.06.1949
Date of Appointment :	29.10.2003
DIN NO:	01563213

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	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	29/10/2003	29/10/2003	-	Active	NO
2	U63033DL2006PTC146936	Delhi International Airport Private Limited	Director	19/04/2006	19/04/2006	-	Active	NO


Name :	Mr. Alok Shekhar
Designation :	Director
Address :	M72, Nivedita Kunj, Sector 10, RK Puram, New Delhi-110022, India
Date of Birth/Age :	13.04.1970
Date of Appointment :	21.01.2009
DIN NO:	02529589

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	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	13/08/2009	21/01/2009	-	Active	NO
2	U45203KA2001PLC028418	Bangalore International Airport Limited	Nominee director	31/01/2009	31/01/2009	-	Active	NO
3	U74990MH2009PLC193150	Mihan India Limited	Nominee director	20/07/2009	20/07/2009	18/01/2010	Active	NO
4	U63013CH2010GOI031999	Chandigarh International Airport Limited	Director	29/03/2010	29/03/2010	-	Active	NO


Name :	Mr. Ravela Srisatya Lakshmi Narsimha Bhaskarudu
Designation :	Director
Address :	House No. 2210, Sector-D, Pocket 2, Vasant Kunj, New Delhi-110030, India
Date of Birth/Age :	01.07.1940
Date of Appointment :	15.10.2005
DIN NO:	00058527

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	U40101TN2005PLC057117	Haryana Aban Power Company Limited	Director	5/8/2005	5/8/2005	-	Active	NO
2	L45203KA1996PLC034805	GMR Infrastructure Limited	Director	2/9/2005	2/9/2005	-	Active	NO
3	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	22/06/2006	15/10/2005	-	Active	NO
4	U40101DL2005PLC141611	Countrywide Power Transmission Limited	Director	17/10/2005	17/10/2005	6/10/2007	Active	NO
5	U27109AP1982GOI003404	Rashtriya Ispat Nigam Limited	Director	26/04/2006	26/04/2006	25/04/2009	Active	NO
6	L62200DL1998PLC093225	Global Vectra Helicorp Limited	Director	7/6/2006	7/6/2006	-	Active	NO
7	U72200TN2002PLC050086	Fatpipe Networks Limited	Director	25/09/2009	1/11/2008	-	Active	NO
8	U63033DL2006PTC146936	Delhi International Airport Private Limited	Director	20/08/2009	18/03/2009	-	Active	NO
9	U65999KA1992PLC037455	GMR Airports Holding Limited	Director	17/06/2011	9/5/2011	-	Active	NO


Name :	Mr. Jagannayakula Dora Hanumanthu
Designation :	Director
Address :	H No. 8-2-326/3, Road No.3, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India
Date of Birth/Age :	04.10.1943
Date of Appointment :	14.03.2009
DIN NO:	02385290

Other Directorship:

.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	U74920KA2005PLC036865	Raxa Security Services Limited	Director	29/09/2009	1/10/2008	-	Active	NO
2	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	13/08/2009	14/03/2009	-	Active	NO


Name :	Mr. Ajay Mishra
Designation :	Director
Address :	PJ-1, Officer’s Colony, Punjagutta, Hyderabad – 500082, Andhra Pradesh, India
Date of Birth/Age :	16.07.1960
Date of Appointment :	18.10.2010
Date of Ceasing:	01.10.2011
DIN NO:	02470889

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	U74140AP1986SGC006105	Andhra Pradesh Technology Services Limited	Director	20/12/2008	20/12/2008	14/06/2011	Dormant	NO
2	U75142AP2002PLC039671	Aponline Limited	Additional director	22/12/2008	22/12/2008	25/08/2009	Active	NO
3	U45200AP2005SGC046388	Infrastructure Corporation Of Andhra Pradesh Limited	Nominee director	17/08/2010	17/08/2010	-	Active	NO
4	U45209AP2001PLC037861	Gangavaram Port Limited	Nominee director	27/09/2010	6/9/2010	20/08/2011	Active	NO
5	U11100AP2009SGC064933	Andhra Pradesh Gas Infrastructure Corporation Private Limited	Additional director	24/09/2010	24/09/2010	-	Active	NO
6	U29309AP2006SGC050029	Fab City Spv (India) Private Limited	Additional director	24/09/2010	24/09/2010	-	Active	YES
7	U45200AP2006PLC051378	Krishnapatnam Railway Company Limited	Nominee director	11/10/2010	11/10/2010	24/08/2011	Active	NO
8	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	22/08/2011	18/10/2010	1/10/2011	Active	NO
9	U99999AP1973SGC001630	Andhra Pradesh Industrial Infrastructure Corpn Limited	Nominee director	7/3/2011	19/10/2010	6/8/2011	Active	NO
10	U11101AP2006PLC051191	Krishna Godavari Gas Network Limited	Nominee director	29/10/2010	29/10/2010	29/08/2011	Active	NO


Name :	Mr. Bhaskar Venkataramany
Designation :	Director
Address :	Plot No. 14, Ishaq Colony, Secunderabad – 500015, Andhra Pradesh, India
Date of Birth/Age :	13.09.1953
Date of Appointment :	20.07.2011
DIN NO:	03558571

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	U80302AP2002NPL039397	Institute Of Insurance And Risk Management	Nominee director	16/06/2011	16/06/2011	-	Active	NO
2	U10102AP1920SGC000571	The Singareni Collieries Company Limited	Director	1/7/2011	1/7/2011	-	Active	NO
3	U40109AP2000SGC034911	Andhra Pradesh Power Finance Corporation Limited	Nominee director	1/7/2011	1/7/2011	-	Active	NO
4	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	22/08/2011	20/07/2011	-	Active	NO
5	U45200AP2006PLC051999	Deccan Infrastructure And Land Holdings Limited	Nominee director	27/09/2011	27/09/2011	-	Active	NO


Name :	Mr. Vedamuthu Somasundaram
Designation :	Director
Address :	No. 5025, Sector-B, Pocket-7, Vasant Kunj, New Delhi – 110070, Andhra Pradesh, India
Date of Birth/Age :	03.09.1955
Date of Appointment :	16.06.2011
DIN NO:	03574882

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	U45203KA2001PLC028418	Bangalore International Airport Limited	Director appointed in casual vacancy	23/05/2011	23/05/2011	-	Active	NO
2	U63033DL2006PTC146936	Delhi International Airport Private Limited	Director	24/08/2011	1/6/2011	-	Active	NO
3	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Director	22/08/2011	16/06/2011	-	Active	NO
4	U63033MH2007PTC177090	National Flying Training Institute Private Limited	Additional director	20/06/2011	20/06/2011	-	Active	NO
5	U45200MH2006PTC160164	Mumbai International Airport Private Limited	Additional director	28/07/2011	28/07/2011	-	Active	NO


Name :	Dato’ Che Azmi Bin Murad
Designation :	Alternate Director to Tan Sri Bashir Ahmad Bin Abdul Majid
Address :	No. 41, Jalan Burung Cenuk, Taman Bukit Maluri, Kuala Lumpur, Malaysia - 52100
Date of Birth/Age :	05.04.1952
Date of Appointment :	14.10.2009
DIN NO:	02799922


Name :	Mr. Grandhi Butchi Sanyasi Raju
Designation :	Alternate Director to Mr. Rigas Sotirios Doganis
Address :	Varalakshmi Nilayam 486/76, 38^th Cross, 1^st Main Road, 8^th Block, Jayanagar, Bangalore-560082, Karnataka, India
Date of Birth/Age :	26.01.1974
Date of Appointment :	08.07.2006
DIN NO:	00061686

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	U85110KA1996PLC021262	GMR Energy Limited	Director	7/7/2008	20/06/1998	-	Active	NO
2	L45203KA1996PLC034805	GMR Infrastructure Limited	Director	12/5/2010	22/05/1999	-	Active	NO
3	U80301AP2003NPL042195	GMR Varalakshmi Foundation	Director	29/06/2004	29/06/2004	-	Active	NO
4	U62100AP2005PTC045123	Gateways For India Airports Private Limited	Director	12/1/2005	12/1/2005	7/11/2009	Active	NO
5	U67120MH1993PTC207451	GMR Holdings Private Limited	Director	8/5/2005	8/5/2005	-	Active	NO
6	U67120KA1993PTC032116	GMR Estates Private Limited	Director	4/7/2005	4/7/2005	28/09/2007	Active	NO
7	U45203KA2006PLC038379	GMR Highways Limited	Director	3/2/2006	3/2/2006	6/1/2007	Active	NO
8	U63033DL2006PTC146936	Delhi International Airport Private Limited	Director	11/6/2007	19/04/2006	-	Active	NO
9	U62100AP2002PLC040118	GMR Hyderabad International Airport Limited	Alternate director	8/7/2006	8/7/2006	-	Active	NO
10	U45400DL2007PTC163751	Delhi Aerotropolis Private Limited	Director	16/06/2008	18/06/2007	-	Active	NO
11	U74999KA2007PLC043189	GMR Corporate Center Limited	Director	30/09/2008	18/07/2007	12/1/2009	Active	NO
12	U74920KA2005PLC036865	Raxa Security Services Limited	Director	29/09/2008	13/09/2007	10/2/2009	Active	NO
13	U65999KA1992PLC037455	GMR Airports Holding Limited	Director	17/06/2011	11/1/2008	-	Active	NO
14	U23209AP2005PTC047372	Kakinada Refinery And Petrochemicals Private Limited	Director	22/09/2008	23/06/2008	-	Active	NO
15	U40101KA2008PTC047277	GMR Coastal Energy Private Limited	Director	24/07/2008	24/07/2008	-	Active	NO
16	U74999KA2009PTC049040	Gbs Holdings Private Limited	Director	4/2/2009	4/2/2009	-	Active	NO
17	U62200KA2006PTC041278	GMR Aviation Private Limited	Director	29/09/2009	6/4/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Venkat Ramana Tangirala
Designation :	Company Secretary
Address :	H No. 1-10-16/1, Temple Alwal, Secunderabad-500010, Andhra Pradesh, India
Date of Birth/Age :	20.09.1973
Date of Appointment :	16.07.2008
PAN NO:	ACJPT2600E

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 22.08.2011)

Names of Shareholders		No. of Shares
GMR Airport Holding Limited, India		238114497
Airports Authority of India, India		49140000
Malaysia Airports Holding Berhad, Malaysia		6460
MAHB (Mauritius) Private Limited, Mauritius		41573540
GMR Airport Holding Limited, India		25503
V Bhaskar, IAS		100
T R K Rao, IRTS		1
Ajay Mishra		49139899
Total		378000000

Equity Share Breakup (Percentage of Total Equity)

(AS ON 22.08.2011)

Category		Percentage
Government (Central and State)		26.00
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]		11.00
Bodies corporate		63.00
Total		100.00

BUSINESS DETAILS

Line of Business :

To establish, promote, develop and/or finance, plan, design, develop, construct, alter, repair, set up, commission, operate, market, manage and maintain international airports and airport infrastructure.

GENERAL INFORMATION

Bankers :

Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India

Facilities :

Secured Loans	31.03.2010 Rs. in Millions	31.03.2009 Rs. in Millions
Term Loan - Banks
In Indian Rupees (Repayable within one year Rs. 360.000 Millions (March 31, 2009: Rs. Nil)	9600.000	9600.000
In Foreign Currency (Repayable within one year Rs. 213.703 Millions (March 31, 2009: Rs. Nil)	5698.750	6431.250
Term Loans and Financial (Repayable within one year Rs. 75.000 Millions (March 31, 2009: Rs. Nil)	2000.000	2000.000
(Term Loans from banks and financial institutions is secured by mortgage of leasehold interest and benefit in respect of leasehold land and first paripassu charge on all movable and immovable assets, operating cash flows, book debts, receivables, intangibles and revenues, both present and future, as well as assignment of all right, title, interest, benefits, claims and demands available under the concession agreement and other projects documents, security interest in the trusts and retention account, debts services reserve account and further secured by pledge of 164149015 and 4452 equity shares, both present and future, held or to be held, upto 51% of share capital of the company, as the case may be, by both, the holding company and Malaysia airports holding berhad respectively.)
Cash Credit form a Bank	265.488	297.612
(Secured by way of first pari passu charge by way of hypothecation of the stocks, consumables stores and spares, other movables including book debts, bills, outstanding monies receivables, both present and future and whole of the moveable properties including moveable plant and machinery, machinery spares, tools and accessories, whether stores or not or in the course of transit or on high seas or on order of delivery, but not limited to documents of title of goods)
Total	17564.238	18328.862

Unsecured Loans	31.03.2010 Rs. in Millions	31.03.2009 Rs. in Millions
Short Term
Bridge Loan From Banks	4000.000	2300.000
Loans and Advances - Other than Short Term
Loan from subsidiary (Repayable within one year Rs. 154.400 March 31, 2009: Rs Nil)	899.997	818.969
Interest Free Loan form Government of Andhra Pradesh	3150.500	3150.500
Security Deposits form Concessionaires	328.430	574.432
Deferred payments - Concession Fee Payable	347.440	167.587
Total	8726.367	7011.488

Note:

Interest free loan received from government of Andhra Pradesh is repayable in five equal installments commencing from 16^th anniversary of the commercial operations date (March 23, 2008)
Concession fees is payable to ministry of civil aviation in respect of first 10 years in 20 equal half yearly installments commencing from the 11^th anniversary of the commercial operation date (March 23, 2008). Concession fee from the 11^th year is payable on half yearly basis.


Banking Relations :	--

Auditor 1 :
Name :	Brahmayya and Company Chartered Accountants
Address :	Khivraj Mansion, 10/2, Kasturba Road, Bangalore-560001, Karnataka, India
PAN No.:	AAAFB9147R

Auditor 2 :
Name :	S R Batliboi and Associates Chartered Accountants
Address :	The Oval Office, 18 iLabs Centre, Hitech City Madhapur, Hyderabad – 500081, Andhra Pradesh, India
PAN No.:	AABFS3421N

Holding Company :	GMR Infrastructure Limited CIN NO: L45203KA1996PLC034805

Subsidiaries :	Hyderabad Menzies Air Cargo Private Limited CIN NO: U62100AP2006PTC049243 GMR Hyderabad Airport Resource Management Limited CIN NO: U74900AP2007PLC054821 Hyderabad Airport Security Services Limited CIN NO: U74920A2007PLC054862 GMR Hyderabad Aerotropolis Limited CIN NO: U45400AP2007PLC054827 GMR Hyderabad Aviations SEZ Limited CIN NO: U45209AP2007PLC056527 GMR Hyderabad Multiproduct SEZ Limited CIN NO: U45209AP2007PLC056516 GMR Hotels and Resorts Limited CIN NO: U55101AP2008PLC060866

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount

400000000	Equity Share	Rs.10/- each	Rs. 4000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

378000000	Equity Share	Rs.10/- each	Rs. 3780.000 Millions

Note:

(Of the above 238139995 (31.03.2009: 238139995) Equity Shares fully paid up are held by the holding company, GMR Infrastructure 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		3780.000	3780.000	0.587
2] Share Application Money		0.000	0.377	3483.677
3] Reserves & Surplus		1070.000	1070.000	1070.000
4] (Accumulated Losses)		[2910.944]	[1818.740]	[578.078]
NETWORTH		1939.056	3031.637	3976.186
LOAN FUNDS
1] Secured Loans		17564.238	18328.862	15415.350
2] Unsecured Loans		8726.367	7011.488	3399.022
TOTAL BORROWING		26290.605	25340.350	18814.372
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		28229.661	28371.987	22790.558

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		25777.449	26589.635	22718.639
Capital work-in-progress		237.621	885.162	2026.386

INVESTMENT		270.224	132.889	898.636
DEFERREX TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	95.126	119.783	0.000
	Sundry Debtors	857.373	639.135	89.512
	Cash & Bank Balances	762.090	909.290	552.401
	Other Current Assets	2.372	1.953	2.892
	Loans & Advances	1938.765	2395.757	1420.072
Total Current Assets		3655.726	4065.918	2064.877
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	879.055	1804.553	3500.371
	Other Current Liabilities	819.134	1482.928	1399.543
	Provisions	13.170	14.136	18.066
Total Current Liabilities		1711.359	3301.617	4917.980
Net Current Assets		1944.367	764.301	[2853.103]

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		28229.661	28371.987	22790.558

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	4512.187	3982.133	59.565
		Other Income	140.903	102.598	45.388
		Concession Fee	(179.853)	(163.389)	[4.198]
		TOTAL (A)	4473.237	3921.342	100.755

Less	EXPENSES
		Personnel Cost	568.033	560.070	27.029
		Operating Cost	969.236	1097.167	11.008
		Administrative Expenses	540.365	730.728	325.591
		Expenditure during construction period not in capital nature	0.000	0.000	266.175
		Preliminary Expenses written off	0.000	0.000	0.161
		TOTAL (B)	2077.634	2387.965	629.964

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2395.603	1533.377	(529.209)

Less	FINANCIAL EXPENSES (D)		2115.552	1592.263	22.168

	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		280.051	(58.886)	(551.377)

Less/ Add	DEPRECIATION/ AMORTISATION (F)		1372.223	1121.838	25.608

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(1092.172)	[1180.724]	[576.985]

Less	TAX (H)		0.032	19.456	1.093

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(1092.204)	[1200.180]	[578.078]

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(1818.740)	(618.560)	0.000

	BALANCE CARRIED TO THE B/S		(2910.944)	(1818.740)	(578.078)

	Earnings/ (Loss) Per Share (Rs.)		(2.89)	(4.75)	(9843.00)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(24.41)	(30.60)	(573.74)

Net Profit Margin (PBT/Sales)	(%)	(24.20)	(29.65)	(968.66)

Return on Total Assets (PBT/Total Assets}	(%)	(3.71)	(3.85)	(2.32)

Return on Investment (ROI) (PBT/Networth)		(0.56)	(0.38)	(0.14)

Debt Equity Ratio (Total Liability/Networth)		14.44	9.44	5.96

Current Ratio (Current Asset/Current Liability)		2.13	1.23	0.41

LOCAL AGENCY FURTHER INFORMATION

Note:

The Registered office of the company has been shifted from 8-2-120/112/88 and 89, Aparna Crest, III Floor, Road No.2, Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India to present address w.e.f. 15.05.2009

OPERATION:

During the period, the company had generated from operations, gross revenues of Rs. 4512.100 Millions, comprising of Rs. 2199.400 Millions of aeronautical revenues and Rs. 2312.700 Millions of non-aeronautical revenues. After accounting for other incomes and after providing for the concession fee, the net revenue was Rs. 4473.200 Millions. The total expenditures for the year ended March 31, 2010 was Rs. 4193.200 Millions, resulting in an operating profit of Rs. 280.000 millions. After providing for depreciation of Rs. 1372.200 Millions and provision for tax of Rs. 0.032 Million, the company suffered a net loss of Rs. 1092.200 Millions for the year ended March 31, 2010. During the year , there was no dividend declared and there was no transfer to general reserve.

The hon’ble high court of Andhra Pradesh had approved the scheme of arrangement between GMR Hyderabad International Airport Limited and GMR Hotels and Resorts Limited envisaged separation of hotels division of GHIAL and vesting into GHRL with appointed date from April 1, 2009. the company is however awaiting the written orders in this regard.

HOLDING COMPANY

Being the holder of 63% of the paid up equity share capital of the company, as on March 31, 2010, GMR Infrastructure Limited is the Holding Company of the company as defined under Section 4 of the Companies Act, 1956.

COMPANY'S SUBSIDIARIES:

New Subsidiary

Hyderabad Duty Free Retail Limited (HDFRL) was incorporated on May 14, 2010 for the purpose of operating Duty Free Retail Outlets at Rajiv Gandhi International Airport, Hyderabad (RGIA). GHIAL holds 100% equity share capital in HDFRL. Nuance exited from the Duty Free Retail operations at the RGIA with effect from June 1, 2010. Thereafter, GHIAL granted concession to HDFRL to operate and maintain the Duty Free Retail outlets, on same terms and conditions as that granted to Nuance. HDFRL, after obtaining necessary approvals / registrations/ licenses from the concerned statutory authorities, started retail operations at RGIA with effect from July 09, 2010.

Existing Subsidiaries

Hyderabad Menzies Air Cargo Private Limited (HMACPL):

During the year, HMACPL, which is engaged in operating the cargo terminal of the RGIA has handled a total of 60424 tones of cargo and has generated revenues from operations of Rs. 412.800 Millions. The total expenditure for the period ended was Rs. 301.300 Millions, resulting in an operating profit of Rs. 111.400 Millions. The company earned a net profit of Rs. 100.200 Millions for the period year ended March 31, 2010. As on March 31, 2010, HMACPL's paid up share capital is Rs.190.400 Millions comprising of Rs.10.200 Millions equity share capital and Rs.180.200 Millions preference share capital. GHIAL holds 51% in the equity share capital.

Hyderabad Airport Security Services Limited (HASSL):

HASSL was incorporated as a special purpose company, to carry out certain security related duties and activities to be otherwise discharged the airport operator i.e., the company, at the Rajiv Gandhi International Airport and to carry out any other security related services at the RGIA. The company has, under a Power of Attorney executed by the company, ensured the construction of office space and residential quarters for the CISF personnel and other security personnel. Hyderabad Airport Security Services Limited has an authorised share capital of Rs.130.000 Millions comprising 13.000 Millions equity shares of Rs.l0/- each and paid up share capital of Rs.125.000 Millions, comprising of 12.500 Millions equity shares of Rs.10/- each and are wholly held by GHIAL.

GMR Hyderabad Airport Resource Management Limited (GHARML) :

GHARML was incorporated with the objective of providing specialised and skilled manpower to the various allied and ancillary activities at the Rajiv Gandhi International Airport and also to carry out certain maintenance and housekeeping activities at the RGIA. GHARML currently provides over 240 personnel specialised in the hospitality industry towards the Hotel operations of the company. During the period, GHARML had generated from operations, gross revenues of Rs.338.600 Millions. The total expenditure for the year ended March 31, 2010 was Rs.337.100 Millions, resulting in an operating Profit of Rs. 1.700 Millions. After providing for provision for tax, the company earned a net Profit of Rs.1.200 Millions for the year ended March 31, 2010. GHARML has a paid up share capital of Rs.0.500 Million comprising 50,000 equity shares or Rs.l0/- each and are wholly held by the company.

GMR Hyderabad Aerotmpolis Limited (GHAL):

GHAL was incorporated to engage in the business of property development in and around the Rajiv Gandhi International Airport. Lot of aviation linked business, time sensitive manufacture industries hotel and entertainment industry is likely to get concentrated around the airport and this company proposes to engage in all this development activity. Detailed Master Planning and Infrastructure Planning for Commercial Property Development is currently being carried out by this company. GHAL has paid up share capital of Rs.21.800 Millions comprising 2180000 equity shares or Rs.l0/- each and are wholly held by the company.

GMR Hyderabad Aviation SEZ Limited (GHASL):

GHASL was incorporated with the objective of setting up an aviation sector specific Special Economic Zone, within the airport premises. GHASL was incorporated as a 100% subsidiary of GHIAL. The Aviation SEZ was during the year notified in the Gazette of India and was subsequently at the company's request transferred to and in the name of GHASL. The approval is to set up and Aviation Sector Specific SEZ in an area of 251.85 acres. The Ministry of Commerce and Industry had on 20th October, 2009 notified in the Gazette of India, recognizing an area of 251.85 acres situated within the Airport premises, as Special Economic Zone and the said land of 251.85 acres was leased by the company to GHASL. As on date, GHASL has a paid up share capital of Rs.19.000 Millions comprising 19,00,000 equity shares or Rs.l0/- each and are wholly held by GHIAL.

GMR Hyderabad Multiproduct SEZ Limited (GHMSL):

GHMSL was incorporated with the objective of setting up a multi-product Special Economic Zone, with in the airport premises. GHMSL was incorporated as a 100% subsidiary of the company. The in principle approval from the Board of Approvals towards establishing the SEZ was obtained by the company. The approval is to set up the SEZ in an area of about 101 hectares or 253 acres. The business plan towards setting up the multi-product SEZ is under consideration and is expected to be finalised shortly. GMR Hyderabad Multiproduct SEZ Limited has a paid up share capital of Rs.0.500 Million comprising 50,000 equity shares or Rs.10/- each and are wholly held by the company.

GMR Hotels and Resorts Limited (GHRL):

As part of restructuring of GHIAL, it has been proposed to separate and vest the Hotel Division of GHIAL to GHRL through court process. The Scheme of Arrangement between GMR Hyderabad International Airport Limited and GMR Hotels and Resorts Limited envisaging separation and transferring the Hotel Division to GHRL was approved by the respective Companies Board of Directors, shareholders and creditors of GHIAL and finally sanctioned by Hon'ble High Court of Andhra Pradesh. The appointed date of the Scheme of Arrangement is April 1, 2009 and the effective date would be the date of filing of the Order of the Hon'ble High Court with the Registrar of Companies, Andhra Pradesh. However, the written Orders from the Hon'ble High Court are awaited. As per Scheme of Arrangement, in consideration of transfer and vesting of Hotel Division, GHRL would issue and allot 10,96,08,916 Equity Shares of Rs.10/- each to the GHIAL, as fully paid up. Upon the Scheme becoming effective, GHRL would have paid up share capital of Rs.1100.000 Millions comprising 109658916 equity shares or Rs.10/- each and the entire paid up share capital would be held by GHIAL.

JOINT VENTURES

MAS GMR Aerospace Engineering Company Limited (MGAE) is a 50:50 joint venture between the company and Malaysian Aerospace Engineering Sdn.Bhd (MAE). Pursuant to the Joint Venture Agreement between the company and MAE, dated February 27, 2009, MGAE is undertaking the business of Maintenance, Repair and Overhaul (MRO) of identified civil aircrafts and providing related services in the Indian sub-continent.

Bankers Charges Report as per Registry

Corporate identity number (CIN) Foreign company registration number	U62100AP2002PLC040118
Name of the Company	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED
Address	GMR Hial Airport Office, Rajiv Gandhi International Airport, Shamshabad, Hyderabad-500409, Andhra Pradesh, India Email: venkatramana.tangirala@gmrgroup.in
This form is for	Modification of Charge
Charge identification number of the charge to be modified	10169249
Type of Charge	Book Debts Floating Charge
Particulars of the charge holder	Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India Email: shareholders@yesbank.in
Nature or description of the instrument(s) creating or modifying the charge	Supplemental Deed of Hypothecation dated 02 August, 2010.
Date of the instrument creating or modifying the charge	02.08.2010
Amount secured by the charge	Rs. 830.000 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest Non fund based facilities PBG I: Commission – 0.70% p.a., PBG/ FBG-II: Commission – 0.70% p.a., FBG-III: Commission – 0.80% p.a. LCs (Usance): Commission – 2.00% p.a. Margin Financial Bank Guarantee III – Cash Margin of 5% in form of FD Extent and Operation of the charge Subservient Charge on current assets of the borrower
Short particulars of the property charged (including location of the property)	Subservient Charge on current assets of the borrower
Particulars of the present modification	The non fund based credit facilities have been enhanced from Rs. 730.000 Millions to Rs. 830.000 Millions.

Fixed Assets:

· Leasehold Land

· Runways

· Other Roads

· Building on leasehold land

· Electrical Installations

· Plant and Machinery

· Office Equipments

· Furniture and Fixtures

· Vehicles

· Computer Equipment and IT Systems

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 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.51.98
UK Pound	1	Rs.80.58
Euro	1	Rs.69.12

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	-
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	-
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		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.

MIRA INFORM REPORT

95.126

119.783

857.373

639.135

762.090

909.290

2.372

1.953

1938.765

2395.757

3655.726

879.055

819.134

1482.928

13.170

14.136

1711.359

1944.367

764.301

(24.41)

(24.20)

(3.71)

(0.56)

14.44

2.13

Unit