MIRA INFORM REPORT

Report Date :

15.10.2011

IDENTIFICATION DETAILS

Name :	ANDHRA CEMENTS LIMITED
Registered Office :	Sri Durga Cement Works, Sri Durgapuram, Guntur – 522414, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	01.11.1936
Com. Reg. No.:	01-002379
Capital Investment / Paid-up Capital :	Rs.1390.273 Millions
CIN No.: [Company Identification No.]	L26942AP1936PLC002379
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchange.
Line of Business :	Manufacturing, Selling and Distribution of Cements.
No. of Employees :	1,125 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 8000000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears some accumulated losses records by the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES:

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

ECGC Country Risk Classification List – September 30, 2011

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

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

LOCATIONS

Registered Office :	Sri Durga Cement Works, Sri Durgapuram, Guntur – 522414, Andhra Pradesh, India
Tel. No.:	91-8649-257429/ 241203
Mobile No.:	91-9490400806 (Mr. S. N. Keshri)
Fax No.:	91-8649-257429
E-Mail :	gtrao@andhracements.com info@andhracements.com investorcell@andhracements.com sgoenka@vsnl.com
Website :	http://www.andhracements.com
Corporate Office :	Chandralok Complex, 2^nd Floor, 111 S. D. Road, Secunderabad – 500003, Andhra Pradesh, India
Tel No.:	91-40-27841651/ 66260110/ 111/ 112
Fax No.:	91-40-27810103
Factory 1:	Visaka Cement Works, Vishakapatnam, Andhra Pradesh, India
Factory 2:	Sri Kanaka Durga Cement Works, Vijayawada, Andhra Pradesh, India

DIRECTORS

(AS ON 30.08.2010)

Name :

Mts. Gouri Prasad Goenka

Designation :

Director

Address :

17-D, Alipore Roaji, Kolkata- 700027, West Bengal, India

Date of Birth/Age :

11.10.1940

Date of Appointment :

28.06.1994

DIN No.:

00030302

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	L17120MH1946PLC005227	NRC LIMITED	Director	30-08-83	30-08-83	-	Active	NO
2	L15491WB1945PLC012771	JAY SHREE TEA AND INDUSTRIES LIMITED	Director	31-05-84	31-05-84	-	Active	NO
3	L21011WB1936PLC008726	STAR PAPER MILLS LIMITED	Whole-time director	15-01-09	14-05-86	-	Active	NO
4	L99999MH1987PLC045372	UNIMERS INDIA LIMITED	Director	06-06-90	06-06-90	-	Active	NO
5	L35201WB1931PLC006996	STONE INDIA LIMITED	Director	13-02-92	13-02-92	-	Active	NO
6	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	28-06-94	28-06-94	-	Active	NO
7	L28113WB1994PLC063452	DUNCANS INDUSTRIES LIMITED	Director	01-11-94	01-11-94	-	Active	NO
8	L85110KA1995PLC017003	ENERGY DEVELOPMENT COMPANY LIMITED	Director	29-07-99	29-07-99	-	Active	NO
9	U85300WB1907NPL001771	ROYAL CALCUTTA GOLF CLUB	Director	26-08-05	26-08-05	18-09-09	Active	NO

Name :

Mr. Jagdisa Iyer Jayaraman

Designation :

Director

Address :

39/4, C P Ramaswamy Street, Chennai- 600018, Tamilnadu, India

Date of Birth/Age :

27.03.1933

Date of Appointment :

20.06.1997

DIN No.:

00051336

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	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	25-08-09	20-06-97	-	Active	NO
2	U23209WB1985SGC039487	HALDIA PETROCHEMICALS LIMITED	Director	15-04-04	15-04-04	25-08-08	Active	NO
3	U92412KA2007PTC043883	GOLFINGURU EQUIPMENT AND SERVICES PRIVATE LIMITED	Director	17-09-07	17-09-07	-	Strike off	NO
4	L11101MH1979PLC021302	DOLPHIN OFFSHORE ENTERPRISES (INDIA) LIMITED	Director	29-07-11	27-10-10	-	Active	NO

Name :

Mr. Kailash Nath Bhandari

Designation :

Director

Address :

5, New Power House Road, Jodhpur- 342004, Rajasthan, India

Date of Birth/Age :

01.03.1942

Date of Appointment :

21.08.2007

DIN No.:

00191219

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	U74140RJ2002PLC017541	KENBEE CONSULTANTS LIMITED	Director	10-04-02	10-04-02	-	Active	NO
2	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	20-09-08	23-07-02	-	Active	NO
3	U74999DL2002PLC118123	AGRICULTURE INSURANCE COMPANY OF INDIA LIMITED	Nominee director	28-06-03	28-06-03	-	Active	NO
4	U74140DL2005PTC134239	INDIA REALTY ADVISORS PRIVATE LIMITED	Director	18-06-05	18-06-05	-	Active	NO
5	U45201DL1997PLC089616	SHRISTI INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED(AMAL)	Director	18-07-06	18-07-06	-	Amalgamated	NO
6	U63090WB1991PLC052729	CREDENCE LOGISTICS LIMITED	Director	29-09-07	10-05-07	-	Active	NO
7	L65922WB1990PLC049541	SHRISTI INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED	Director	29-09-07	03-08-07	-	Active	NO
8	U23201MH1997PLC110834	ISPAT ENERGY LIMITED	Director	28-07-08	28-06-08	23-08-11	Active	NO
9	L51504WB1978PLC031813	MAGMA FINCORP LIMITED	Director	11-09-09	22-10-08	-	Active	NO
10	U66000WB2009PLC136327	MAGMA HDI GENERAL INSURANCE COMPANY LIMITED	Director	27-09-10	05-09-09	-	Active	NO
11	U65999WB2010PTC141896	MIDAS ASSET RECONSTRUCTION COMPANY PRIVATE LIMITED	Director	24-05-11	11-08-10	-	Active	NO
12	L99999GJ1985PLC011553	JAYBHARAT TEXTILES AND REAL ESTATE LIMITED	Director	02-07-11	16-10-10	-	Active	NO
13	L17119DN1983PLC000074	KSL AND INDUSTRIES LIMITED	Director	09-07-11	16-10-10	-	Active	NO
14	L17120MH1946PLC005227	NRC LIMITED	Additional director	19-10-10	19-10-10	-	Active	NO
15	U51909MH2010PLC208986	ASIA NEXT COMMODITIES EXCHANGE LIMITED	Director	30-10-10	30-10-10	-	Active	NO

Name :

Mr. Ananthanarayanan Ariyanayakipuram Lakshminarayanan

Designation :

Director

Address :

B- 17 1, Sainikpuri, Hyderabad- 500094, Andhra Pradesh, India

Date of Birth/Age :

26.06.1946

Date of Appointment :

29.07.2003

DIN No.:

00495490

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	U26100AP1982PTC003472	BHAGYANAGAR FIBRE GLASS PRIVATE LIMITED	Managing director	01-12-08	31-03-86	-	Active	NO
2	U25209AP1991PTC012571	SRIMAN PLASTICS PRIVATE LIMITED	Director	18-04-91	18-04-91	-	Active	NO
3	U29150AP1986PLC006638	ROCKWELL INDUSTRIES LIMITED	Director	25-06-96	25-06-96	-	Active	NO
4	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	29-07-03	29-07-03	-	Active	NO
5	L27109WB1962PLC025605	NATIONAL STANDARD (INDIA) LIMITED	Director	30-09-10	14-08-03	-	Active	NO
6	L99999AP1947PLC000675	SANATHNAGAR ENTERPRISES LIMITED	Alternate director	30-01-07	30-01-07	31-12-09	Active	NO
7	U74999AP2007PTC053943	BAKELITE COATINGS AND PAINTS PRIVATE LIMITED	Director	11-05-07	11-05-07	-	Active	NO
8	U74999AP2007PLC054674	NATIONAL STANDARD TYRE MOULDS (INDIA) LIMITED	Director	01-08-11	29-06-07	-	Active	NO
9	U36999AP2007PLC056118	BAKELITE HYLAM LAMINATES (INDIA) LIMITED	Director	29-10-07	29-10-07	-	Active	NO
10	U36999AP2007PLC056030	PANEL BOARDS AND LAMINATES LIMITED	Director	29-09-08	28-11-07	19-02-11	Active	NO
11	U74999AP2007PLC056062	Bakelite Hylam Limited.	Director	31-12-08	30-11-07	-	Active	NO
12	U74999AP2008PTC057357	BAKELITE PROPERTIES PRIVATE LIMITED	Director	28-01-08	28-01-08	23-09-11	Active	NO
13	U52399AP2009PTC063129	BLITZKRIEG TRADING PRIVATE LIMITED	Director	20-03-09	20-03-09	-	Active	NO

Name :

Mr. Sushil Chandra

Designation :

Director

Address :

B- 14, (G.F.), Saket, New Delhi- 110017, India

Date of Birth/Age :

29.04.1938

Date of Appointment :

29.07.2003

DIN No.:

00502167

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	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	29-07-03	29-07-03	-	Active	NO
2	L45101DL1979PLC009654	AHLUWALIA CONTRACTS (INDIA) LIMITED	Director	17-09-10	08-03-10	-	Active	NO

Name :

Mr. Siva Ramakrishna Mulpuri

Designation :

Director

Address :

Park View Enclave Road, Road No. 2, Banjara Hills, Hyderabad- 500034, Andhra Pradesh, India

Date of Birth/Age :

06.09.1954

Date of Appointment :

29.07.2003

DIN No.:

00021606

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	U74140AP1981PLC003122	KARVY CONSULTANTS LIMITED	Director	23-11-81	23-11-81	-	Active	NO
2	U67120AP1995PLC019877	KARVY STOCK BROKING LIMITED	Whole-time director	01-04-10	30-03-95	-	Active	NO
3	U67120AP1997PLC026253	KARVY INVESTOR SERVICES LIMITED	Director	12-01-00	12-01-00	-	Active	NO
4	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	29-07-03	29-07-03	17-11-10	Active	NO
5	U51909AP2003PLC042096	KARVY COMTRADE LIMITED	Director	20-11-03	20-11-03	-	Active	NO
6	U74140AP2003PTC041636	KARVY COMPUTERSHARE PRIVATE LIMITED	Director	29-01-04	29-01-04	-	Active	NO
7	U72200MH2003PTC189959	CKAR SYSTEMS PRIVATE LIMITED	Director	25-09-04	25-09-04	-	Amalgamated	NO
8	U23200MH1996PTC096730	VIZ INFRA CONSULTANTS PRIVATE LIMITED	Additional director	24-04-10	03-11-04	25-03-11	Active	NO
9	U66010AP2003PLC041680	KARVY INSURANCE BROKING LIMITED	Director	30-11-04	30-11-04	-	Active	NO
10	U65993AP2000PLC035437	KARVY GLOBAL SERVICES LIMITED	Director	31-12-04	31-12-04	-	Active	NO
11	U67190AP2001PLC037960	KARVY FINANCIAL SERVICES LIMITED	Director	22-03-05	22-03-05	-	Active	NO
12	U45201DL2005PTC142310	HIGHTEC PROPCON PRIVATE LIMITED	Director	07-11-05	07-11-05	28-02-07	Active	NO
13	U74899DL2005PTC143357	ECO PROPCON PRIVATE LIMITED	Director	06-12-05	06-12-05	25-03-09	Active	NO
14	U40108DL2003PTC120409	AIP POWER PRIVATE LIMITED	Director	30-09-10	31-12-05	-	Active	NO
15	U40101DL2005PLC141611	COUNTRYWIDE POWER TRANSMISSION LIMITED	Director	15-12-06	06-01-06	-	Active	NO
16	U45201DL2005PTC141799	BISWAS BUILDCON PRIVATE LIMITED	Director	28-09-06	16-06-06	27-03-09	Active	NO
17	U74140DL2004PTC128120	ATHENA PROJECTS PRIVATE LIMITED	Director	30-09-06	01-09-06	-	Active	NO
18	L40109AP1986PLC006745	HBL POWER SYSTEMS LIMITED	Director	30-10-06	30-10-06	29-05-10	Active	NO
19	U45201DL2005PTC143358	BACKBONE PROPERTIES PRIVATE LIMITED	Director	29-09-07	05-02-07	05-09-08	Active	NO
20	U74899DL2005PTC142308	CONCORD REALTOR PRIVATE LIMITED	Director	15-02-07	15-02-07	26-03-09	Active	NO
21	U45201DL2006PTC144633	BRUMA PROPERTIES PRIVATE LIMITED	Director	29-09-07	01-03-07	24-02-09	Active	NO
22	U40101HP2007PTC030686	MUTHE POWER PRIVATE LIMITED	Director	21-09-07	14-04-07	-	Active	NO
23	U23209AP1994PTC017623	EAST INDIA PETROLEUM Private LIMITED	Director	22-12-07	30-09-07	-	Active	NO
24	U45200DL2008PTC174526	AMUNRA PROPERTIES PRIVATE LIMITED	Director	26-02-08	26-02-08	23-03-09	Active	NO
25	U31908AP2007PLC058993	ATHENA CHHATTISGARH POWER LIMITED	Director	27-06-08	15-04-08	28-12-08	Active	NO
26	U40105DL2007PLC166628	ATHENA DEMWE POWER LIMITED	Director	07-09-10	23-06-08	-	Active	NO
27	U74210DL2007PTC160401	ATHENA ENERGY VENTURES PRIVATE LIMITED	Director	23-06-08	23-06-08	-	Active	NO
28	U40109DL2008PTC173228	ATHENA KYNSHI POWER PRIVATE LIMITED	Director	25-09-08	23-06-08	14-03-09	Active	NO
29	U40109DL2008PTC174203	ATHENA EMRA POWER PRIVATE LIMITED	Director	25-09-08	23-06-08	14-03-09	Active	NO
30	U40100HP2005PTC028666	HIMSHAKTI PROJECTS PRIVATE LIMITED	Nominee director	01-09-08	01-09-08	-	Active	NO
31	U40101HP2001PTC024547	SAINJ HYDRO POWER PRIVATE LIMITED	Director	30-09-09	21-02-09	-	Active	NO
32	U40105AP2007PTC058753	EAST COAST ENERGY PRIVATE LIMITED	Director	01-06-09	23-02-09	-	Active	NO
33	U72900MH1999PTC120346	CBAY SYSTEMS (INDIA) PRIVATE LIMITED	Director	29-09-09	01-06-09	29-06-10	Active	NO
34	U74120DL2008PTC176264	AMUNRA HOLIDAYS AND RESORTS PRIVATE LIMITED	Director	28-09-10	02-09-09	-	Active	NO
35	U70100DL2009PTC212387	CHIRON INFRATECH PRIVATE LIMITED	Director	23-12-10	02-12-09	-	Active	NO
36	U45400AP2009PTC062776	KARVY INFRASTRUCTURE RESOURCES PRIVATE LIMITED	Director	09-12-09	09-12-09	-	Active	NO
37	U72200MH2006PTC166217	CBAY INFOTECH VENTURES PRIVATE LIMITED	Director	30-09-10	30-06-10	-	Active	NO
38	U74920AP2009PTC065653	ATHENA SECURITY SOLUTIONS INDIA PRIVATE LIMITED	Director	28-06-11	28-06-11	-	Active	NO

Name :

Mr. Shrivardhan Goenka

Designation :

Director

Address :

Devanaman, 17-D, Alipore Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

09.08.1975

Date of Appointment :

27.07.2006

DIN No.:

00030375

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	U63040WB1994PLC065288	ODYSSEY TRAVELS LIMITED	Director	27-09-94	27-09-94	-	Active	NO
2	L35201WB1931PLC006996	STONE INDIA LIMITED	Whole-time director	30-08-06	25-11-97	-	Active	NO
3	U70100MH1982PTC026710	KAVITA MARKETING PRIVATE LIMITED	Director	26-02-98	26-02-98	-	Active	NO
4	U74999WB1992PLC055576	CONTINUOUS FORMS (CALCUTTA) LIMITED	Director	02-03-98	02-03-98	-	Active	NO
5	U51909WB1984PLC031938	DUNCANS TEA LIMITED	Director	07-06-02	07-06-02	-	Active	NO
6	L99999MH1987PLC045372	UNIMERS INDIA LIMITED	Director	24-07-02	24-07-02	31-01-09	Active	NO
7	L74140WB1982PLC034422	SHUBH SHANTI SERVICES LIMITED	Director	05-08-02	05-08-02	-	Active	NO
8	L21011WB1936PLC008726	STAR PAPER MILLS LIMITED	Director	09-09-02	09-09-02	-	Active	NO
9	L17120MH1946PLC005227	NRC LIMITED	Director	01-10-02	01-10-02	01-06-07	Active	NO
10	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	08-10-10	27-07-06	15-02-11	Active	NO
11	U85110WB2000PTC092469	PALLMALL EDUSYSTEMS AND MEDICARE SERVICES PRIVATE LIMITED	Additional director	28-08-07	28-08-07	-	Amalgamated	NO
12	U25190WB1997PLC132965	SKYLARK RUBBER PRODUCTS LIMITED	Additional director	14-06-08	14-06-08	-	Amalgamated	NO
13	U85300WB1926GAP005585	INDIAN CHAMBER OF COMMERCE CALCUTTA	Director	02-07-10	30-06-08	-	Active	NO
14	L51909WB1943PLC011567	I S G TRADERS LIMITED	Director	30-09-08	18-07-08	-	Active	NO
15	U51909WB2008PTC129960	STONE INTERMODAL PRIVATE LIMITED	Director	15-10-08	15-10-08	-	Active	NO
16	U51101WB2009PTC132573	FRONTLINE TEA TRADECO PRIVATE LIMITED	Director	10-02-09	10-02-09	-	Active	NO
17	U45201WB1997PLC086160	DUNCANS AGRO CHEMICALS LIMITED	Director	30-09-10	30-11-09	-	Active	NO
18	U90000WB2011PTC162800	STONE BIO-TECH PRIVATE LIMITED	Director	20-05-11	20-05-11	-	Active	NO

Name :

Mr. Raj Kumar Bhargava

Designation :

Director

Address :

C-390, Defence Road, New Delhi – 110024, India

Date of Birth/Age :

26.10.1935

Date of Appointment :

27.07.2006

DIN No.:

00016949

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	L28113WB1994PLC063452	DUNCANS INDUSTRIES LIMITED	Director	01-11-94	01-11-94	-	Active	NO
2	U74210DL1973PLC006915	JCL INTERNATIONAL LIMITED	Director	20-12-95	20-12-95	-	Active	NO
3	U65921DL1995PLC067686	INOVOA HOTELS AND RESORTS LIMITED	Director	09-09-96	09-09-96	-	Active	NO
4	L55101DL1980PLC011037	ASIAN HOTELS (NORTH) LIMITED	Director	18-10-97	18-10-97	11-02-10	Active	NO
5	L45101UP1996PLC019759	NOIDA TOLL BRIDGE COMPANY LIMITED	Director	18-12-97	18-12-97	-	Active	NO
6	L67120HR1994PLC034148	HB PORTFOLIO LIMITED	Director	25-07-01	25-07-01	-	Active	NO
7	U92199DL2002PTC114948	VIDHI VEDIKA HERITAGE PRIVATE LIMITED	Director	20-07-02	20-07-02	-	Active	NO
8	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	27-07-06	27-07-06	-	Active	NO
9	U51311DL1996PTC076528	MANJU ENTERPRISES PRIVATE LIMITED	Director	15-08-06	15-08-06	05-01-09	Active	NO
10	L26924UP1985PLC007595	KAJARIA CERAMICS LIMITED	Director	28-08-06	28-08-06	-	Active	NO
11	U93000DL1901NPL000024	DELHI GYMKHANA CLUB LIMITED	Director	29-09-06	29-09-06	29-09-07	Active	NO
12	U24121DL2005PLC143452	KRIBHCO SHYAM FERTILIZERS LIMITED	Director	16-06-08	10-09-07	16-11-09	Active	NO
13	U74999DL2003PLC118836	BLS INFRASTRUCTURE LIMITED	Director	25-09-08	15-12-07	09-04-11	Active	NO
14	L55101DL2007PLC157518	ASIAN HOTELS (WEST) LIMITED	Director	03-10-09	23-12-08	-	Active	NO

Name :

Mr. Amitava Mondal

Designation :

Director

Address :

D- 133, Sarvey Park, Santosh Park, Kolkata- 700075, West Bengal, India

Date of Birth/Age :

15.12.1957

Date of Appointment :

27.07.2006

DIN No.:

00053124

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	L35201WB1931PLC006996	STONE INDIA LIMITED	Managing director	15-10-03	15-10-03	-	Active	NO
2	U25190WB1997PLC132965	SKYLARK RUBBER PRODUCTS LIMITED	Director	14-01-04	14-01-04	-	Amalgamated	NO
3	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director	22-03-07	27-07-06	12-07-11	Active	NO
4	U51909WB1984PLC031938	DUNCANS TEA LIMITED	Director	20-12-07	17-12-07	-	Active	NO
5	U51909WB2008PTC129960	STONE INTERMODAL PRIVATE LIMITED	Director	15-10-08	15-10-08	-	Active	NO
6	U90000WB2011PTC162800	STONE BIO-TECH PRIVATE LIMITED	Director	20-05-11	20-05-11	-	Active	NO
7	U90000WB2011NPL167279	GREEN SANITATION FOUNDATION	Director	07-09-11	07-09-11	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Gutti Tirupathi Rao Rao
Designation :	Company Secretary
Address :	Flat No 407, Sai Ram Gardens, G- 139, Madhura Nagar, Hyderabad- 500016, Andhra Pradesh, India
Date of Birth/Age :	01.10.1961
Date of Appointment :	02.11.2006
PAN No.:	ACWPG9763C

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 31.03.2011)

Names of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	304,234	0.21
Bodies Corporate	72,934,003	49.95
Sub Total	73,238,237	50.16
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	73,238,237	50.16
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	12,753	0.01
Financial Institutions / Banks	570,188	0.39
Foreign Institutional Investors	7,390,000	5.06
Sub Total	7,972,941	5.46
(2) Non-Institutions
Bodies Corporate	46,582,588	31.90
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Million	11,228,600	7.69
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million	6,242,201	4.27
Any Others (Specify)	755,925	0.52
Non Resident Indians	755,925	0.52
Sub Total	64,809,314	44.38
Total Public shareholding (B)	72,782,255	49.84
Total (A)+(B)	146,020,492	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	-	-
(1) Promoter and Promoter Group	-	-
(2) Public	-	-
Sub Total	-	-
Total (A)+(B)+(C)	146,020,492	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing, Selling and Distribution of Cements.

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Actual Production
Cement	MTs	990,938
GGBS	MTs	20,419

GENERAL INFORMATION

No. of Employees :

1,125 (Approximately)

Bankers :

· Bank of Baroda

M. G. Road Branch, M. G. Road, Secunderabad – 500003, Andhra Pradesh, India

Facilities :

Secured Loans	31.03.2010	31.03.2009
	(Rs. In Millions)
A] 15,00,000 Secured Optionally convertible Debentures–A of Rs.100/- each	150.000	--
15,00,000 Secured Optionally Convertible Debentures -B Rs.100/- each	150.000	--
10,00,000 Secured Non Convertible Debentures (NCD) of Rs.100/- each	100.000	--
B] 1,45,897 13.5% Secured Redeemable Debentures of Rs.100/- each Fully Paid - 75% of the above	17.508	17.587
- ZIB (Representing balance 25%)	5.836	5.862
Less: Redeemed portion of Rs.12per Debenture i.e. 10% of above on 1,28,407 debentures	1.541	1.549
Less: Achoc Part Payment made against 1,28,407 Debentures	2.080	2.091
Term Loans From
- Financial Institution	3200.000	2742.792
- Banks	0.000	2.070
- Bank (Working Capital Loan Converted as TERMS LOAN)	0.000	0.050
Other Loan From Banks
-Working Capital Loans	300.511	197.554
Total	3920.234	2962.275
Unsecured Loans	31.03.2010	31.03.2009
	(Rs. In Millions)
Fixed Deposits (Over Due)	10.309	10.345
Loan from others (Interests Free)	168.504	168.504
Sales tax Loan from Andhra Pradesh Govt.	0.723	0.723
8.5% Soft Loan due to Cement Regulation Authority	0.000	74.827
Total	179.536	254.399

Banking Relations :	--
Financial Institute :	· Life Insurance Corporation of India Yogakshama, Jeevan Bima Marg, Mumbai – 40021, Maharashtra, India
Auditors :
Name :	Lodha and Company Chartered Accountant
Address :	84, Bhel Enclave, Akbar Enclave, Secunderabad – 500009, Andhra Pradesh, India
PAN No.:	AABFL1894Q
Name :	Chaturvedi and Partners Chartered Accountant
Address :	212A, Chiranjiv Towers, 43, Nehru Place, New Delhi – 110019, India
PAN No.:	AAEFC0158M
Group Companies :	· Albert Trading Company Private Limited · Axiom Agrobased Cement Trading Company Private Limited · Bargate Communications Private Limited · Boydell Media P Private Limited · Continuous Forms (Calcutta) Limited · Dail Consultants Limited · Duncans Agro Chemicals Limited · Duncan Tea House Private Limited · Duncans Industries Limited · Duncans Tea Limited · Frontline Tea Tradeco Private Limited · Gujarat Carbone and Industries Limited · Infratech Software Services Private Limited · ISG Traders Limited · Jubliant Fertilisers Trading Private Limited. · Julex Commercial Company Limited · Kavita Marketing Private Limited · Leyden Leasing and Financial Services Limited · Marleybone Travels and Resorts Private Limited · Megabyte Equipments Tradeco Private Limited · North India Fertilisers Limited · Napier Softech Private Limited · NRC Limited · Octave Technologies Private Limited · Odyssey Travels Limited · Orchard Holdings Private Limited · Pentonville Software Limited · Sewand Investments Private Limited · Santipara Tea Company Limited · Shubh Shanti Services Limited · Silent Valley Investment Company Limited · Siddhant Fertilisers Tradeco Private Limited · Streamline Developers Private Limited · Surface Paper Tradeco Private Limited · Skylight Trading Company Limited · Sprint Trading Company Limited · Star PaRer Mills Limited · Stone India Limited · Stone Intermodal Private Limited · Unimers India Limited · Vinayak Tea Trading Company Private Limited · Zeal Engineering Equipments Tradeco Private Limited

CAPITAL STRUCTURE

(AS ON 30.08.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
165000000	Equity Share	Rs.10/- each	Rs.1650.000 Millions
500000	Redeemable Preference Shares	Rs.100/- each	Rs.50.000 Millions
	Total		Rs.1700.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
139023415	Equity Share	Rs.10/- each	Rs.1390.234 Millions

Debentures Breakup :

No. of Shares	Type	Value	Amount
1000000	Non- Convertible Debentures	Rs.100/- Each	Rs.100.000 Millions
1500000	Partly Convertible Debentures	Rs.100/- Each	Rs.150.000 Millions
1500000	Fully Convertible Debentures	Rs.100/- Each	Rs.150.000 Millions
	Total		Rs.400.000 Millions

(AS ON 31.03.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
165000000	Equity Share	Rs.10/- each	Rs.1650.000 Millions
500000	Redeemable Preference Shares	Rs.100/- each	Rs.50.000 Millions
	Total		Rs.1700.000 Millions

Issued Capital :

No. of Shares	Type	Value	Amount
139023415	Equity Share	Rs.10/- each	Rs.1390.234 Millions

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
139023415	Equity Share	Rs.10/- each	Rs.1390.234 Millions
	Add: Forfeited Shares		Rs.0.039 Million
	Total		Rs.1390.273 Millions

NOTE:

· 94353805 Equity Shares held by the holding company along with its holly owned subsidiary

· 8879 Shares were allotted as fully paid up by way bonus shares out of the share premium and General Reserve during the year 1967.

· 6500000 Equity Shares allotted during the year at a premium of Rs.13.93 per shares

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		1390.273	1325.273	1258.573
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1141.638	1234.837	1191.661
4] (Accumulated Losses)		(602.228)	(1053.888)	(1437.465)
NETWORTH		1929.683	1506.222	1012.769
LOAN FUNDS
1] Secured Loans		3920.234	2962.275	2174.535
2] Unsecured Loans		179.536	254.399	534.424
TOTAL BORROWING		4099.770	3216.674	2708.959
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		6029.453	4722.896	3721.728
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		768.850	996.910	1072.328
Capital work-in-progress		4433.130	2482.380	348.647
INVESTMENT		0.002	0.002	0.002
DEFERREX TAX ASSETS		771.819	348.921	572.827
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	284.706	390.131	602.299
	Sundry Debtors	85.671	186.890	221.459
	Cash & Bank Balances	45.267	105.220	196.053
	Other Current Assets	4.399	6.758	2.856
	Loans & Advances	640.033	1065.920	1520.969
Total Current Assets		1060.076	1754.919	2543.636
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	759.930	651.884	562.313
	Other Current Liabilities	180.442	160.590	222.293
	Provisions	64.052	47.762	31.106
Total Current Liabilities		1004.424	860.236	815.712
Net Current Assets		55.652	894.683	1727.924
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		6029.453	4722.896	3721.728

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	2945.718	3690.571	4425.390
		Other Income	161.370	35.151	88.078
		TOTAL (A)	3107.088	3725.722	4513.468
Less	EXPENSES
		Raw Materials Consumed	728.717	614.997	685.743
		Payments and Benefits to Employees	249.215	232.336	247.985
		Manufacturing, Selling, Administrative and Other Expenses	2008.556	2330.334	2690.833
		Excise Duty	0.306	1.016	1.914
		Decrease/(Increase) in stock	(2.531)	(2.437)	(7.060)
		Relief’s and Concessions	0.000	(137.549)	(2.022)
		TOTAL (B)	2984.263	3038.697	3617.393
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		122.825	687.025	896.075
Less	FINANCIAL EXPENSES (D)		56.551	66.080	160.945
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		66.274	620.945	735.130
Less/ Add	DEPRECIATION/ AMORTISATION (F)		12.315	11.113	12.918
	PROFIT BEFORE TAX (E-F) (G)		53.959	609.832	722.212
Less	TAX (H)		(422.895)	226.254	(17.349)
	PROFIT AFTER TAX (G-H) (I)		476.854	383.578	739.561
Less	Transfer to Debenture Redemption Reserve		25.000	0.000	0.000
Less	Transfer to Capital Redemption Reserve		0.194	0.000	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(1053.889)	(1437.467)	(2177.028)
	BALANCE CARRIED TO THE B/S		(602.229)	(1053.889)	(1437.467)
	EXPORT VALUE		0.000	53.031	80.952
	IMPORT VALUE		29.190	370.643	38.015
	Earnings Per Share (Rs.)		3.57	2.94	6.14

QUARTERLY RESULTS

PARTICULARS	30.06.2010	30.09.2010	31.12.2010	31.03.2011
Type	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter
Net Sales	415.800	223.000	12.600	3.400
Total Expenditure	415.100	300.200	117.500	108.700
PBIDT (Excl OI)	0.700	(77.200)	(104.900)	(105.300)
Other Income	6.100	0.200	0.000	0.000
Operating Profit	6.800	(77.000)	(104.900)	(105.300)
Interest	17.000	19.800	21.600	25.000
Exceptional Items	0.000	0.000	0.000	0.000
PBDT	(10.200)	(96.800)	(126.500)	(130.300)
Depreciation	3.200	2.800	3.000	1.600
Profit Before Tax	(13.400)	(99.600)	(129.500)	(131.900)
Tax	13.200	(32.600)	0.000	0.000
Provisions and contingencies	0.000	0.000	0.000	0.000
Profit After Tax	(26.600)	(67.000)	(129.500)	(131.900)
Extraordinary Items	0.000	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000	0.000
Net Profit	(26.600)	(67.000)	(129.500)	(131.900)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	15.35	10.30	16.39
Net Profit Margin (PBT/Sales)	(%)	1.83	16.52	16.32
Return on Total Assets (PBT/Total Assets}	(%)	2.95	22.16	19.97
Return on Investment (ROI) (PBT/Networth)		0.03	0.40	0.57
Debt Equity Ratio (Total Liability/Networth)		2.65	2.71	3.48
Current Ratio (Current Asset/Current Liability)		1.06	2.04	3.12

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS

Production of cement was 10.12 lacs tones for the year as against installed capacity of 14.22 lacs tones representing capacity utilization of 71.17%. Shutdown was taken at clinker plant in end October 2009 onwards for implementation of the project. This has resulted in lower capacity utilization and lower turnover during the year. There were many pending critical maintenance jobs, which were carried out during the year along with plant up-gradation cum expansion project.

PLANT UP-GRADATION CUM EXPANSION PROJECT

The company has undertaken plant up-gradation cum expansion project to increase the plant capacity from 1.42 mtpa to 3.50 mtpa and the same is under progress. The project cost has been funded partly out of internal accruals and partly through convertible / non- convertible debentures / term loans from Housing Development Finance Corporation Limited (HDFC) and Industrial Development Finance Company Limited (IDFC) and to the extent of Rs.155.500 Millions by way of placement of equity warrants through preferential issues. There were frequent disturbances in the State and had adverse effect on the movement of materials / equipments, which consequently led to delay in the impletion of the project. Shutdown at DCW was taken end October 2009 for the erection and installation of equipments to upgrade the clinker capacity. Clinker production has since commenced and there are certain initial teething problems, which are being rectified / attended to. The expansion project of DCW expected to be completed during the current financial year and VCW project thereafter.

OUTLOOK FOR CEMENT INDUSTRY

Outlook for the Cement Industry continues to be moderate in 2010. Growth in the housing sector and infrastructure projects is likely to provide support to the prices and hedge against any demand slowdown in the near future. With the initiatives taken by the Government of India for infrastructure development, cement demand is expected to rise further. The irrigation and housing projects being under taken by the Government of Andhra Pradesh will further increase the demand in the State.

The Company will, have the benefit of increased production from its expansion project. Post completion of the project, there would be improvement in operational efficiencies and cost reduction in all areas of production/ logistics. The Company continues its endeavor for the sale of blended Cement having better margins. Blended Cement being produced by using industrial waste thereby, protecting environment also.

SHARE CAPITAL

On 6th February, 2010 your Company has allotted 65,00,000 equity shares of Rs.10/- each at a premium of Rs.13.93 per share aggregating to Rs.155.500 Millions to M/s. Echo Fiscal Services Ltd, upon conversion of wan-ants in to equity. The issue proceeds have been utilized for the up-gradation cum expansion project of the Company.

Consequent to the above mentioned allotments, the subscribed and paid-up share capital of the company has increased from Rs.1325.200 Millions to Rs.1390.200 Millions.

TERM LOANS

The company has availed term loans of Rs.1575.000 Millions from HDFC and Rs.1625.000 Millions IDFC for the purpose of xip-gradation cum expansion project, which are being disbursed by them in a phased manner as per the requirement for the project.

MANAGEMENT DISCUSSION AND ANALYSIS

Industry Structure and Development:

India is the second largest producer of Cement in the world with an installed capacity of 244.69 million tons as on 31s" March, 2010. Total Production for the financial year 2009-10 was 160.31 million tons as compared to 142.65 million tons in the corresponding period of last year and recorded a growth rate of 12.38%. The Cement dispatches (including exports) during the year 2009-10 were 159.44 million tonnes showing a growth of 12.10%. During the year 2009-10 Southern Region recorded a growth of 5% in Cement Consumption, Western Region grew by 14% and Northern Region achieved growth of over 12% and Eastern and Central Regions exhibited growth of 23% and 23% respectively. During the financial year all India average recorded a growth of 13%.

OUTLOOK:

The Indian Cement Industry is expected to increase capacity from current levels by end of 2010. Although, many Cement companies have announced capacity expansions, it is yet to be seen whether they will go ahead with it considering the cement economic scenario.

It is expected that Cement consumption will grow at least by 10% in the coming year. Increased availability of Cement during second half of 2010, will increase chances of price drops and lowering of margins.

FINANCIAL AND OPERATIONAL PERFORMANCE:

During the year the gross sales were Rs.3232.700 Millions.

FORM 8:

Corporate identity number of the company	L26942AP1936PLC002379
Name of the company	ANDHRA CEMENTS LIMITED
Address of the registered office or of the principal place of business in India of the company	Sri Durga Cement Works, Sri Durgapuram, Guntur – 522414, Andhra Pradesh, India gtrao@andhracements.com
This form is for	Creation of charge
Type of charge	Book Debts Movable property (not being pledge)
Particular of charge holder	· Bank of Baroda M. G. Road Branch, M. G. Road, Secunderabad – 500003, Andhra Pradesh, India secund@bankofbaroda.com
Nature of instrument creating charge	1. Joint Deed of Hypothecation dated 02-09-2009 2. Interest Agreement between all the Five Banks dated 02-09-2009 3.Consortium Agreement dated 02-09-2009 4. Letter of Authority to be given to Lead Bank (Bank of Baroda Consortium with Canara Bank, Andhra Bank, Syndicate Bank and Vijaya Bank)
Date of instrument Creating the charge	02.09.2009
Amount secured by the charge	Rs.207.060 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interests: 1. Band of Baroda – Rs.100.000 Millions -15% pa, 2. Canara Bank – Rs.59.000 Millions -15.50% pa 3. Andhra Bank – Rs.20.000 Millions -16.25% pa, 4. Syndicate Bank – Rs.22.000 Millions -16% pa 5. Vijaya Bank – Rs.6.060 Millions -15% pa Terms of Repayment: On Demand Margin: 1.BoB - 1000 L - Stocks 25% and Receivables 25% 2.CB - 590 L - Stocks 25% and Receivables 50% 3.AB - 200 L - Stocks 25% and Receivables 50% 4.SB - 220 L - Stocks 25% and Receivables 25% 5.VB - 60.60 L - Stocks 25% and Receivables 50% Extent and Operation of the charge: First Pari Passu Charge on Company's Current Assets viz., Stocks of Raw Materials, Semi Finished and Finished Goods, Stores and Spares not relating to Plant and Machinery (Consumable Stores and spares), Bills Receivable and Book debts and all other movables of the company both present and future and Second Pari Passu Charge on the company's immovable and movable properties of the company (other than Current Assets) both present and future
Particulars of the property charged	First Pari Passu Charge on Company's Current Assets viz., Stocks of Raw Materials, Semi Finished and Finished Goods, Stores and Spares not relating to Plant and Machinery (Consumable Stores and spares) First Pari Passu Charge on Company's Current Assets viz., Bills Receivable and Book debts and all other movables of the company both present and future Second Pari Passu Charge on the company's immovable and movable properties of the company (other than Current Assets) both present and future.

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Electrical Installations

· Railway Siding

· Laboratory Equipment

· Furniture and Office Equipment

BUSINESS DESCRIPTION

Subject is engaged in the manufacturing and selling of cement. The Company operates, through a network of dealers for sale of its products. During the fiscal year ended March 31, 2010 (fiscal 2010), the Company had two operative plants at Dachepalli, Guntur district (Andhra Pradesh) and Visakhapatnam (Andhra Pradesh) with installed capacity of 0.80 metric tons per annum and 0.60 metric tons per annum. The products manufactured by the Company include ordinary Portland Cement (OPC) and Pretoria Portland Cement (PPC). During fiscal 2010, the Company had production of 99093.8 million metric tons of cement. The Company’s markets include Andhra Pradesh, Tamilnadu, Orissa and Karnataka. As on March 31, 2010, ISG Traders Limited and Boydell Media Private Limited held 43.71% and 24.16% interest respectively in the Company. For the nine months ended 31 December 2010, Andhra Cements Limited revenues decreased 75% to RS657.6M. Net loss totaled RS223.3M vs. an income of RS62.1M. Revenues reflect a fall in income from operations. Net loss reflects a decrease in operating profit margins and an increase in interest and other finance charges. Subject is an India-based company engaged in the manufacturing, selling and distribution of cements.

BOARD OF DIRECTORS

Mr. G. P. Goenka

Mr. G. P. Goenka is Non-Executive Chairman of the Board of Subject. He is Industrialist of all India Repute. Other Directorships: Duncans industries Limited, Energy Development Company Limited, Jay Shree Tea and Inds. Limited NflC Limited, Star Paper Mills Limited Stone India Limited, Unimers India Limited.

Mr. A. L. Ananthanarayanan

Dr. A. L. Ananthanarayanan is Independent Non-Executive Director of Subject. His functional area is Finance and General Management. He is director of Rock Well Inds Limited, National Standard (India) Limited, National Standard Tyre Moulds India Limited, Bakelite Resins and Foams Limited, Panel Boards and Laminates Limited, Bakelite Hylam. Laminates (India) Limited, Qualifications: B. Tech (Hon)-IIT-K Ph. D in Finance and Banking.

Mr. Raj Kumar Bhargava

Mr. Raj Kumar Bhargava is Independent Non-Executive Director of Subject. Mr. Raj Kumar Bhargava Directorships inlcudes Duccans Inds. Limited, Asian Hotels Limited,, Noida Toll Company Limited, HB Portfolio Limited, Khajaria Ceramics Limited, Manju Enterprises Limited, JCL International Limited, Innova Hotels and Resorts Limited, Kribhco Shyam Fertilizers Limited, Chillwinds Hotels Limited.

Mr. Sushil Chandra

Dr. Sushil Chandra is Independent Non-Executive Director of Subject. He is Management Consultant Business Policy Organization and Restructuring and Humar Resources. He is director of Ahluwallia Contracts India Limited.

NEWS:

DELAY IN PUBLISHING FINANCIAL RESULTS

30 August 2011

India, Aug. 30 - Andhra Cements Limited has informed BSE that due to continued production suspension on account of power disconnection and labour unrest etc., there are delays in getting the required data / information from the plants. There being inherent limitations and constraints, the Company is unable to publish the audited financial results for the Quarter and Financial Year (15 months) ended June 30, 2011 within the time prescribed in Clause 41 of the Listing Agreement.

INDIA'S ANDHRA CEMENTS POSTS QUARTERLY LOSS OF US$2.93MLN

01 June 2011

NEW DELHI, June 1Asia Pulse - India's Andhra Cements (BSE:532141) on Monday posted a loss of Rs.131.900 Millions (US$2.93 million) for the last quarter of 2010-11 due to non-operation of its lone facility at Guntur in Andhra Pradesh.

"Due to teething problems with capacity addition, adverse market conditions and labour unrest, etc., operations could not be continued during the quarter. Steps are being made to recommence operations at the earliest," Andhra Cements said in a communiqué to the Bombay Stock Exchange.

The company had reported a net profit of Rs.414.700 Millions in the January-March quarter of the previous fiscal year.

Andhra Cements said that though substantial progress had been made to increase the plant capacity to 3.5 million tonnes per annum (mtpa) from 1.4 mtpa, moderaisation and upgradation plans got delayed due to pending tie - up of the fund to meet the cost overrun.

During the third quarter of the last fiscal year also the company had reported Rs.130.00 Millions net loss on a revenue of Rs.12.600 Millions.

The company reported Rs.355.000 Millions loss for 2010-11 on a turnover of Rs.529.500 Millions. In 2009-10, Andhra Cements had recorded Rs.476.900 Millions net profit and Rs.2950.000 Millions sales.

UPDATES ON ACQUISITION OF 90,00,000 EQUITY SHARES OF ANDHRA CEMENTS LIMITED BY ISG TRADERS LTD FROM NRC LIMITED

01 June 2011

India, June 01 -- Regarding acquisition of 90,00,000 equity shares of Andhra Cements Limited (Target Company) by ISG Traders Limited (ISG) from NRC Limited (NRC) as inter-se transfer on June 30, 2009 in compliance of Regulation 7(1A) of SEBI (Substantial Acquisition of Share and Takeovers) - 1997, ISG Traders Limited has now informed BSE that NRC is under BIFR and as per BIFR / AAIFR Order the above transaction was not approved. In view of the above submission, the said transaction stand cancelled, ab initio, and accordingly has made void the intimation / application to the exchange vide ISG letter dated July 01, 2009.

DELAY IN PUBLISHING Q4 RESULTS

12 May 2011

India, May 12 -- Andhra Cements Ltd has informed BSE that due to continued production suspension on account of labour unrest, power disconnection etc. there are delays in getting the required data from the plants. There being inherent limitations and constraints, the Company is unable to publish the un-audited financial results for the 4th quarter ended March 31, 2011 with in the time prescribed in clause 41 of the listing agreement.

SEBI (PROHIBITION OF INSIDER TRADING REGULATIONS) 1992

07 April 2011

India, April 7 -- Short Description: Reg.13-SEBI (Prohibition of Insider Trading Regulations) 1992. Entity making the Disclosure: Andhra Cements Limited. Name and address of shareholder: ISG Traders Limited No. and percentage of shares /voting rights acquired /sold: No. - 4820250; Type - Equity; % - Nil. Receipt of allotment advice/acquisition of shares/sale of shares - specify: Nil. Date of intimation to company: 31-MAR-2011. Mode of acquisition (market purchase/public/rights/preferential offer etc.): Nil. No. and % of shares/voting rights post-acquisition/sale: No. - 44997681; % - 30.82. Buy Qty: Nil. Sell Qty: 4820250.

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.49.07
UK Pound	1	Rs.77.42
Euro	1	Rs.67.72

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		32

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.