MIRA INFORM REPORT

Report Date :

21.09.2011

IDENTIFICATION DETAILS

Name :	INDU PROJECTS LIMITED
Registered Office :	“Indu Fortune Fields”,1009, 13^th Phase, Kukatpally, Hyderabad-500072, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	07.12.2001
Com. Reg. No.:	01-38175
Capital Investment / Paid-up Capital :	Rs. 1413.410 Millions
CIN No.: [Company Identification No.]	U45200AP2001PLC038175
TAN No.: [Tax Deduction & Collection Account No.]	HYDI00626D
PAN No.: [Permanent Account No.]	AAACI18812M
Legal Form :	Closely held Public Limited Liability Company
Line of Business :	Company is engaged in the business of erection/construction of power plants, buildings, irrigation projects, special projects and civil and structural works relating to power transmission and distribution lines.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 34074640
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having fine track. Available information indicates high financial responsibility of the company. Directors are reported as experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular 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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
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 :	“Indu Fortune Fields”,1009, 13^th Phase, Kukatpally, Hyderabad-500072, Andhra Pradesh, India
Tel. No.:	91-40-44780000
Fax No.:	91-40-44780224
E-Mail :	info@induprojects.com swathi.t@induprojects.com
Head Office :	1539, Avenue No.1, Street No.17, Road No.12, Banjara Hills, Hyderabad-500034, India
Tel. No.:	91-40-23395721
Fax No.:	91-40-23395720
Branches :	Bangalore Office Akshaya, 660/1 100 Feet Road, Indira Nagar Opp. Cafe' Coffee Day Bangalore - 560 038, Karnataka, India Tel. No.91-80- 4123 8935 / 4123 9673 Fax No. 91- 80- 4123 8936 Delhi Office Pocket: C-9, H.No.: 239 Near Sai Baba Temple Sector 7, Rohini New Delhi - 110 085, India Tel. No -91- 11- 2705 4306 Fax No -91- 11- 2705 4306 Pune Office Office No. 5, 3rd Floor Sangam Commercial Complex, Wellesley Road Next to Sangam Bridge, Near RTO Office Pune - 411 041, Maharashtra, India Tel. No. 91- 20- 3042 4554 Fax No -91- 20 -3026 6180 Trichy Office Plot No. 9, Door No. 2/258 ARK Housing Paradise Panayakurichi, Near Paalpanai Chennai Bypass Road Trichy - 620 010, Tamilnadu, India Tel. No -91-431- 2730 222 Fax No -91-431- 2730 221 Bhusawal Office C/o Bhusawal Thermal Power Project Extension (2x500MW) Deep Nagar Bhusawal – Maharashtra, India Tel. No -91-2582- 646 409 Fax No -91-2582- 251 304

DIRECTORS

As on 30.09.2010

Name :	Mr. Syam Prasad Reddy Indukuri
Designation :	Managing Director
Address :	Plot No.973/A, Road 49, Jubliee Hills, Hyderabad-500033, Andhra Pradesh, India
Date of Birth/Age :	28.06.1959
Date of Appointment :	01.04.2002

Other Directorship

Name:

SYAM PRASAD REDDY INDUKURI

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	U45208AP2001PTC036923	Nija Developers Private Limited	Director	25/06/2001	25/06/2001	-	Amalgamated	NO
2	U74999AP2001PTC036924	Chola Punam Park Private Limited	Director	25/06/2001	25/06/2001	-	Active	NO
3	U45200AP2001PLC038175	Indu Projects Limited	Managing director	01/04/2010	01/04/2002	-	Active	NO
4	U45201AP2001PTC037743	Astitva Realtors Private Limited	Director	05/09/2002	05/09/2002	-	Active	NO
5	U45200AP2002PTC039678	Sindhura Properties Private Limited	Director	26/09/2002	26/09/2002	-	Active	NO
6	U45200AP1982PTC003711	R. R. Projects Pvt Ltd	Director	10/10/2002	10/10/2002	-	Active	NO
7	U85110KA1995PTC017560	M.D.Realtors Private Limited.	Director	22/11/2002	22/11/2002	-	Active	NO
8	U70101AP2002PTC040171	Indu Projects And Developers Private Limited	Director	26/12/2002	26/12/2002	-	Active	NO
9	L74210MH1977PLC019535	Valecha Engineering Limited	Director	25/05/2004	25/05/2004	29/11/2007	Active	NO
10	U45200AP2004PTC043755	Walden Properties Private Limited	Director	27/07/2004	27/07/2004	-	Active	NO
11	U45200AP2004PTC044790	Cyberabad Hitech Integrated Township Development Corporation Private Limited	Director	07/12/2004	07/12/2004	-	Active	NO
12	U74999AP2004PTC044823	Vasantha Projects Private Limited	Director	31/12/2004	31/12/2004	-	Active	NO
13	U70102AP2005PTC047508	Spr Properties Private Limited	Director	16/09/2005	16/09/2005	-	Active	NO
14	U70102AP2005PTC048176	Pannchavati Avenues Private Limited	Director	24/11/2005	24/11/2005	-	Active	NO
15	U45200AP2005PTC048203	Ipl Infra Services Private Limited	Director	28/11/2005	28/11/2005	-	Active	NO
16	U52520AP2003PTC041482	Mack Soft Tech Private Limited	Nominee director	16/01/2006	16/01/2006	23/10/2007	Active	NO
17	U45200AP2006PTC048968	Indu Techzone Private Limited	Director	01/02/2006	01/02/2006	-	Active	NO
18	U00095PN2006PTC022236	Indu Concept Infra Ventures Private Limited	Director	28/03/2006	28/03/2006	01/10/2009	Active	NO
19	U70102AP2006PTC049678	Indu Finelands Private Limited	Director	31/03/2006	31/03/2006	-	Active	NO
20	U45200AP2006PTC049718	Indu Navayuga Infra Projects Private Limited	Director	04/04/2006	04/04/2006	16/06/2010	Active	NO
21	U45200AP2006PTC049848	Indu Eastern Province Projects Private Limited	Director	13/04/2006	13/04/2006	-	Active	NO
22	U45200AP2006PTC049849	Indu Royal Homes Private Limited	Director	13/04/2006	13/04/2006	-	Active	NO
23	U45201KA2006PTC039191	Akanksha Projects Private Limited	Director	02/05/2006	02/05/2006	-	Active	NO
24	U28112AP2006FLC050550	Indu Rail Engineering Private Limited	Director	06/07/2006	06/07/2006	-	Active	NO
25	U45400AP2007PTC073012	Red Fort Akbar Properties Private Limited	Director	10/11/2008	10/09/2007	-	Active	NO
26	U70102AP2005PTC046822	Bhoomi Real Estates Investments Private Limited	Director	20/09/2007	20/09/2007	-	Active	NO
27	U45400AP2007PTC055629	Sundari Theme Ventures Private Limited	Director	20/09/2007	20/09/2007	-	Active	NO
28	U85110AP2007PTC056826	Sindhura Health Projects Private Limited	Director	24/12/2007	24/12/2007	-	Active	NO
29	U70102AP2007PTC056849	Asara Realty Ventures Private Limited	Director	17/01/2008	17/01/2008	-	Active	NO
30	U01403AP2008PTC057515	Indu Genome Valley Private Limited	Director	08/02/2008	08/02/2008	-	Active	NO
31	U74140AP2008PTC058329	Urban Project Management & Engineering Consultancy Services Private Limited	Director	25/03/2008	25/03/2008	-	Active	NO
32	U26900AP2008PTC058444	Indu Mineral Exploration (India) Private Limited	Director	31/03/2008	31/03/2008	-	Active	NO
33	U80100AP1997NPL036631	Indian School Of Business	Director	29/09/2008	05/04/2008	-	Active	NO
34	U40106AP2008PTC059160	Stellar Energy Technologies Private Limited	Director	14/05/2008	14/05/2008	-	Active	NO
35	U45200AP2007PTC056846	Asara Theme Projects Private Limited	Director	17/09/2008	17/09/2008	-	Active	NO
36	U93000AP2008PTC061946	Walden Holdings Private Limited	Director	25/11/2008	25/11/2008	-	Active	NO
37	U01210KA2008PTC046453	Alps Livestock Ventures Private Limited	Director	25/11/2008	25/11/2008	-	Active	NO
38	U85191KA2008PTC048005	Fortunis Healthcare (India) Private Limited	Director	25/11/2008	25/11/2008	-	Active	NO
39	U74900AP2008PTC061942	Simhapuri Airport Development Company Private Limited	Director	25/11/2008	25/11/2008	-	Active	NO
40	U01121KA2008PTC045562	Greenport Corporation Private Limited	Director	25/11/2008	25/11/2008	09/01/2010	Active	NO
41	U70102AP2008PTC062257	Gradient Nirmann Private Limited	Director	17/12/2008	17/12/2008	16/02/2009	Active	YES
42	U70102AP2008PTC062280	Gradient Estates Private Limited	Director	19/12/2008	19/12/2008	-	Active	NO
43	U70102AP2008PTC062281	Gradient Infrastructures Private Limited	Director	19/12/2008	19/12/2008	-	Active	NO
44	U70102AP2008PTC062313	Gradient Realty Ventures Private Limited	Director	22/12/2008	22/12/2008	-	Active	NO
45	U85100AP2008PTC058264	Quality Care Health Services India Private Limited	Director	30/09/2009	28/04/2009	-	Active	NO
46	U45200AP2000PTC034756	Vk Projects Private Limited	Director	25/07/2009	25/07/2009	-	Active	NO
47	U40108AP2008PTC057690	Asara Energy Ventures Private Limited	Director	07/07/2010	07/07/2010	-	Active	NO
48	U74999AP2010PTC071796	Pile Tech (India) Private Limited	Director	22/12/2010	22/12/2010	-	Active	NO
49	U74999DL2011PTC212171	Indu Itcl Infra Private Limited	Director	04/01/2011	04/01/2011	24/06/2011	Active	NO
50	U74999AP2011PTC075801	Manthan Dredging India Private Limited	Director	04/08/2011	04/08/2011	-	Active	NO
51	U40102AP2009PTC064890	Kaviti Power Private Limited	Additional director	29/08/2011	29/08/2011	-

Name :	Mr. Vijaya Bhaskar Reddy Basani
Designation :	Whole time Director
Address :	Eden Banjara Apartments, road No.2, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India
Date of Birth/Age :	18.01.1967
Date of Appointment :	7.12.2001

Other Directorship

Name:

VIJAYA BHASKAR REDDY BASANI

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	U45200AP2001PLC038175	Indu Projects Limited	Whole-time director	01/04/2007	01/04/2002	-	Active	NO
2	U07010KA2003PTC032671	Chilukuri Balaji Realtors Private Limited	Director	06/10/2003	06/10/2003	05/08/2009	Active	NO
3	U14101KA2006PTC039515	Indu Sai Mines And Minerals Private Limited	Director	19/05/2006	19/05/2006	-	Active	NO
4	U74140AP2008PTC058329	Urban Project Management & Engineering Consultancy Services Private Limited	Director	25/03/2008	25/03/2008	-	Active	NO
5	U40106AP2008PTC059160	Stellar Energy Technologies Private Limited	Director	14/05/2008	14/05/2008	-	Active	NO
6	U45200AP2000PTC034756	Vk Projects Private Limited	Director	25/07/2009	25/07/2009	-	Active	NO
7	U40108AP2008PTC057690	Asara Energy Ventures Private Limited	Director	07/07/2010	07/07/2010	-	Active	NO
8	U74999AP2010PTC071796	Pile Tech (India) Private Limited	Director	22/12/2010	22/12/2010	-	Active	NO
9	U40102AP2009PTC064890	Kaviti Power Private Limited	Additional director	29/08/2011	29/08/2011	-	Active	NO

Name :	Mr. Adiseshaiah Chowdary Jakkampudi
Designation :	Director
Address :	B-41, Hill Ridge Villas, Gachibowli, Hyderabad, Andhra Pradesh, India
Date of Birth/Age :	18.02.1955
Date of Appointment :	07.12.2005

Other Directorship

Name:

ADISESHAIAH CHOWDARY JAKKAMPUDI

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	U64203AP1999PTC032338	Portalplayer (India) Private Limited	Managing director	04/10/1999	04/10/1999	-	Amalgamated	NO
2	U45200AP2001PLC038175	Indu Projects Limited	Director	07/12/2005	07/12/2005	-	Active	NO
3	U01403AP2008PTC061625	Naga Agrotech Private Limited	Director	31/10/2008	31/10/2008	-	Active	YES
4	U64203AP2006PTC051815	Indyarocks Media Services Private Limited	Director	04/01/2010	04/01/2010	17/03/2011	Active	NO
5	U72200AP2006PTC049075	Cavera Systems (India) Pvt Ltd	Director	30/09/2010	01/02/2010	31/05/2011	Active	NO
6	U40108AP2010PTC067338	Neosolar Systems Private Limited	Director	03/03/2010	03/03/2010	-	Under Process of Striking off	NO
7	U31402AP1999PLC032257	Amara Raja Electronics Limited	Director	13/09/2010	09/03/2010	-	Active	NO
8	U80902AP2008PTC062284	Talentsprint Education Services Private Limited	Whole-time director	10/03/2010	10/03/2010	-	Active	NO
9	U72200AP2000PTC034927	Monarch Info Tech Services Private Limited	Director	01/10/2010	01/10/2010	-	Active	NO
10	U64200AP2011PTC072283	Mojostreet Infomedia Services Private Limited	Additional director	11/04/2011	11/04/2011	-	Active	NO
11	U72200AP2011PTC073902	Tenxlabs Technologies Private Limited	Director	15/04/2011	15/04/2011	-	Active	NO

Name :	Mr. Mohana Ramakrishna Velagapudi
Designation :	Additional Director
Date of Appointment :	14.02.2007

Other Directorship

Name:

MOHANA RAMAKRISHNA VELAGAPUDI

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	U15201AP1986PLC006912	Creamline Dairy Products Ltd.	Director	03/01/1995	03/01/1995	-	Active	NO
2	U99999AP1994PTC018352	Asian Institute Of Gastroenterology Private Limited	Director	18/08/2003	18/08/2003	-	Active	NO
3	U65993AP1983PLC004088	G2 Corporate Services Limited	Director	23/02/2005	23/02/2005	-	Active	NO
4	U45200AP2006PTC048962	Veen Realtors Private Limited	Director	01/02/2006	01/02/2006	-	Active	NO
5	U45200AP2006PTC048961	Veen Promotors Private Limited	Director	01/02/2006	01/02/2006	-	Active	NO
6	U45200AP2001PLC038175	Indu Projects Limited	Additional director	27/05/2009	14/02/2007	-	Active	NO
7	U72200AP2006PTC049075	Cavera Systems (India) Pvt Ltd	Director	30/09/2009	28/09/2008	25/07/2011	Active	NO
8	U85100AP2008PTC062090	Sarvejana Healthcare Private Limited	Director	30/09/2009	11/01/2009	-	Active	NO
9	U64200AP2008PTC059197	Velocity Media Solutions Private Limited	Additional director	26/07/2010	26/07/2010	18/11/2010	Active	NO
10	U72200AP1997PLC033030	Semantic Space Technologies Limited	Additional director	08/10/2010	08/10/2010	-	Active	NO
11	U72200AP2010PTC070850	Velocity Networks Private Limited	Director	14/10/2010	14/10/2010	-	Active	NO
12	U73100AP2010PTC071807	Asian Institute Of Stemcell Research And Therapy Private Limited	Director	22/12/2010	22/12/2010	-	Active	NO

Name :	Mr. Harjit Singh Bhatia
Designation :	Director
Address :	HSE 27, Le Palais, nO. 8 Pak Pat Shan Rd., Tai Tam, Hongkong
Date of Birth/Age :	08.10.1949
Date of Appointment :	07.08.2008
Name :	Mr. Hemang Harish Raja
Designation :	Alternate Director
Address :	Credit Suisse Private Equity, 9^th Floor Ceejay House, Mumbai, Maharashtra, India
Date of Birth/Age :	14.08.1958
Date of Appointment :	25.09.2008

Other Directorship

Name:

HEMANG HARISH RAJA

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	U67190MH2004PLC144129	HSBC Investdirect Distribution Services (India) Limited	Director	21/01/2004	21/01/2004	14/07/2007	Active	NO
2	U80903MH2003PLC142601	HSBC Investdirect Academy For Insurance And Finance (India) Limited	Director	30/01/2004	30/01/2004	14/07/2007	Active	NO
3	U67100MH2001PLC133074	HSBC Investdirect Sales & Marketing (India) Limited	Director	22/07/2004	22/07/2004	14/07/2007	Active	NO
4	U67120MH2006PLC159988	HSBC Investdirect Securities (India) Limited	Director	23/02/2006	23/02/2006	10/12/2007	Active	NO
5	U66020MH2006PLC161439	Il & Fs Asian Infrastructure Managers Limited	Director	27/09/2007	17/05/2006	30/11/2007	Active	NO
6	U67190MH1996PLC097473	Investsmart Financial Services Limited	Director	22/05/2006	22/05/2006	14/07/2007	Active	NO
7	U74992MH2006PLC163337	Il&Fs Securities Services Limited	Director	27/07/2006	27/07/2006	14/07/2007	Active	NO
8	U67120MH1997PLC110386	HSBC Investdirect (India) Limited	Additional director	01/10/2006	01/10/2006	14/07/2007	Active	NO
9	U67190MH2005PTC151450	Credit Suisse Consulting (India) Private Limited	Managing director	10/12/2007	10/12/2007	15/09/2010	Active	NO
10	L36911WB2002PLC095086	Shree Ganesh Jewellery House Limited	Nominee director	28/03/2008	28/03/2008	26/05/2010	Active	NO
11	U74140MH1991PTC193610	Credit Suisse Finance (India) Private Limited	Additional director	15/07/2008	15/07/2008	11/05/2009	Active	NO
12	U45200AP2001PLC038175	Indu Projects Limited	Alternate director	25/09/2008	25/09/2008	-	Active	NO

Name :	Mr. Vaddarse Prabhakar Shetty
Designation :	Director
Address :	Ansal Heights, Flat No. B-1802, Dr. G. M. Bhosale Marg, Worli Naka, Worli, Mumbai – 400018, Maharashtra, India
Date of Birth/Age :	12.06.1947
Date of Appointment :	04.09.2008

Other Directorship

Name:

VADDARSE PRABHAKAR SHETTY

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	L65190MH2004GOI148838	Idbi Bank Limited	Managing director	03/03/2005	03/03/2005	01/07/2007	Active	NO
2	U65999DL2000PLC103177	Idbi Homefinance Limited	Nominee director	12/08/2005	12/08/2005	17/08/2007	Amalgamated	NO
3	L65191TN1997PLC037415	Infrastructure Development Finance Company Limited	Director	18/08/2005	18/08/2005	25/07/2007	Active	NO
4	U65990MH1993GOI075578	Idbi Capital Market Services Limited	Nominee director	23/08/2005	23/08/2005	26/07/2007	Active	NO
5	U67200MH1972GOI016133	General Insurance Corporation Of India	Director	05/09/2006	05/09/2006	30/06/2007	Active	NO
6	U72200MH2000GOI124665	Idbi Intech Limited	Director	23/09/2006	23/09/2006	01/07/2007	Active	NO
7	U67120MH2006GOI166186	Idbi Gilts Limited	Nominee director	13/12/2006	13/12/2006	29/06/2007	Amalgamated	NO
8	U91110MH1928GAP001391	Indian Institute Of Banking And Finance	Director	19/01/2007	19/01/2007	30/06/2007	Active	NO
9	U67190MH2007PTC174287	Jm Financial Asset Reconstruction Company Private Limited	Director	03/05/2008	28/11/2007	-	Active	NO
10	U74140MH1984PLC033397	Jm Financial Products Limited	Director	30/06/2008	21/04/2008	-	Active	NO
11	U65991MH1994PTC078879	Jm Financial Asset Management Private Limited	Director	07/07/2008	28/04/2008	-	Active	NO
12	U67120MH1998PTC115414	Jm Financial Securities Private Limited	Director	30/06/2008	16/06/2008	-	Active	NO
13	U45200AP2001PLC038175	Indu Projects Limited	Additional director	04/09/2008	04/09/2008	-	Active	NO
14	U65993AP1995PLC019471	Ind-Barath Power Infra Limited	Director	29/09/2008	06/09/2008	-	Active	NO
15	U85195MH1995PTC094852	Diagnosearch Life Sciences Private Limited.	Nominee director	29/09/2010	20/08/2009	-	Active	NO
16	U65929AP2003PLC040648	Spandana Sphoorty Financial Limited	Director	19/08/2010	22/09/2009	21/12/2010	Active	NO

Name :	Mr. Nimmagadda Prasad
Designation :	Director
Address :	Gayatri Arcade, Vikrampuri, Kharkhana, Secunderbad, India
Date of Birth/Age :	30.08.1961
Date of Appointment :	08.05.2010

Other Directorship

Name:

NIMMAGADDA PRASAD

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	U65993AP1983PLC004088	G2 Corporate Services Limited	Director	06/04/2000	06/04/2000	-	Active	NO
2	U24231AP1984PLC005146	Matrix Laboratories Limitted	Director	08/01/2007	06/04/2000	25/09/2009	Active	NO
3	U74140AP2002PTC038668	G2 Trade Centre Private Limited	Director	19/03/2002	19/03/2002	-	Active	NO
4	U99999AP1994PTC018352	Asian Institute Of Gastroenterology Private Limited	Director	18/08/2003	18/08/2003	-	Active	NO
5	U24230GJ1984PLC007440	Concord Biotech Limited	Director	10/02/2006	10/02/2006	04/12/2009	Active	NO
6	U45200AP2001PLC038175	Indu Projects Limited	Director	08/05/2010	13/02/2006	-	Active	NO
7	U40108DL2003PTC120409	Aip Power Private Limited	Director	29/09/2007	22/09/2006	30/03/2009	Active	NO
8	U45201MH2006PTC165094	Konark Advisers Private Limited	Director	15/11/2006	15/11/2006	15/06/2007	Active	NO
9	U64204AP2001PLC036950	Maa Television Network Limited	Director	23/11/2009	19/01/2007	-	Active	NO
10	U74999AP2008PTC057225	Vanpic Projects Private Limited	Director	18/01/2008	18/01/2008	-	Active	NO
11	U45209AP2008PTC057825	Matrix Enport Holdings Private Limited	Director	26/02/2008	26/02/2008	-	Active	NO
12	U74999AP2008PTC058448	Vanpic Ports Private Limited	Director	31/03/2008	31/03/2008	-	Active	NO
13	U74999AP2008PTC058555	Matrix Corporation Private Limited	Director	04/04/2008	04/04/2008	-	Active	NO
14	U80100AP1997NPL036631	Indian School Of Business	Director	29/09/2008	05/04/2008	-	Active	NO
15	U45209AP2008PTC058696	Genexx Infratech Private Limited	Director	16/04/2008	16/04/2008	-	Active	NO
16	U45200AP2008PTC058913	Lemonhills Builders Private Limited	Director	30/04/2008	30/04/2008	-	Active	NO
17	U45200AP2008PTC059025	Genex Structural Projects Private Limited	Director	07/05/2008	07/05/2008	22/05/2008	Active	YES
18	U74900AP2008PTC059490	Matrix Natural Resources Private Limited	Director	04/06/2008	04/06/2008	05/01/2010	Active	NO
19	U92140AP2006PTC048915	Annapurna Studios Private Limited (Part Ix)	Director	30/09/2008	17/06/2008	-	Active	NO
20	U62200AP2008PTC059737	Prakasam Airport Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
21	U63010AP2008PTC059738	Vanpic Shipyard Private Limited	Director	19/06/2008	19/06/2008	-	Active	NO
22	U40105AP2008PTC061318	Vanpic Enpower Private Limited	Director	07/10/2008	07/10/2008	-	Active	NO
23	U45200AP2008PTC061818	Goldcoast Properties Private Limited	Director	19/11/2008	19/11/2008	05/01/2010	Active	YES
24	U92100AP2009PTC065527	Maa News Private Limited	Director	16/10/2009	16/10/2009	23/11/2009	Under Process of Striking off	NO
25	U73100AP2010PTC071807	Asian Institute Of Stemcell Research And Therapy Private Limited	Director	22/12/2010	22/12/2010	-	Active	NO
26	U93090AP2007PTC053702	Septozen Corporate Services Private Limited	Director	27/04/2011	06/04/2011	-	Active	NO

Name :	Mr. Rahul Yadav
Designation :	Director
Address :	999 Sector 15, Faridabad – 121007, Haryana, India
Date of Birth/Age :	27.08.1963
Date of Appointment :	29.12.2006
Name :	Mrs. I Sundari
Designation :	Director
Address :	Plot No.973/A, Road 49, Jubliee Hills, Hyderabad-500033, Andhra Pradesh, India
Date of Birth/Age :	07.07.1965
Date of Appointment :	07.12.2001

KEY EXECUTIVES

Name :	Mr. T.G. Swathi
Designation :	Company Secretary
Address :	405, Madinaguda, Hyderabad, Andhra Pradesh, India
Date of Birth/Age :	18.11.1979
Date of Appointment :	10.08.2005

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2010

Category	Percentage
Public Financial Companies	1.45
Venture Capital	9.84
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	7.04
Bodies corporate	18.55
Directors or relatives of Directors	60.85
Other top fifty shareholders	2.27
Total	100.00

BUSINESS DETAILS

Line of Business :

Company is engaged in the business of erection/construction of power plants, buildings, irrigation projects, special projects and civil and structural works relating to power transmission and distribution lines.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

ICICI Bank Limited, Land mark, Race Course Circle, Vadodara-390007

Facilities :

Secured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Term Loans
From Banks	4010.000	982.800
Interest Accrued and Due	1.930	5.310
From Financial Institutions	850.000	562.500
From Others	0.000	240.000
Working Capital and Cash Credit Facilities from Banks	3369.930	3179.370
Interest Accrued and Due	4.370	0.000
Foreign Currency Loan-Buyers Credit from Bank (USD)	219.340	0.000
Equipment and Vehicle Loans
From Banks	82.890	282.820
From Others	54.680	24.190
Total	8593.140	5276.990
Unsecured Loan	Rs. In Millions 31.03.2010	Rs. In Millions 31.03.2009
Short Term – From Banks	800.000	1606.000
Interest Accrued and Due	5.740	0.000
Inter Corporate Deposit	116.020	90.000
Total	921.760	1696.000

Banking Relations :	--
Auditors :
Name :	M N Rao and Associates Chartered Accountant
Address :	B-41, 1^st Floor, Adj to Viswa Bharathi High School, Madhuranagar, Hyderabad – 500038, Andhra Pradesh, India
Joint Ventures :	· Manisha Indu JV · Indu Brahmputra AOP · Indu SMC WPIL JV · Laying Indu JV · Mahalaxmi Indu JV · SVEC Indu JV · SMC Indu JV · NCC SMC Indu JV · Geotech Indi CDS Indu Projects · Indu Tantia Oberoi Rail Welders · Mack solutions Inc · Indu Retail Infra Services.
Associates :	· Indu Navayuga Infra Projects Private Limited · Roshini Developers Private Limited · Indu Fine lands Private Limited · Indu Techzone Private Limited · Quality Care Health Services India Private Limited
Subsidiaries :	· Cyberabad Hitech Integrated Township Development Corporation Private Limited · Akanksha Projects Private Limited · SPR Properties Private Limited · Indu Royal Homes Private Limited · Bhoomi Real Estates Investments Private Limited · Indu Eastern Province Projects Private Limited · Redfort Akbar Properties Private Limited · Indu Mineral Exploration India Private Limited · Indu Genome Valley Private Limited · Asra Realty Ventures Private Limited · Sundari Theme Ventures Private Limited · IPL Infra Services Private Limited · VK Projects Private Limited

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
177,000,000	Equity Shares	Rs. 10/- each	Rs. 1770.000 Millions
23,000,000	Preference Shares	Rs. 10/- each	Rs. 230.000 Millions
	Total		Rs. 2000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
141,340,750	Equity Shares	Rs. 10/- each	Rs. 1413.410 Millions

Compulsorily Convertible Preference Shares

No. of Shares	Type	Value	Amount
12,132,880	Preference Shares	Rs. 10/- each	Rs. 121.330 Millions

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		1534.740	1534.740	144.270
2] Stock Options		18.950	24.330	6.130
3] Reserves & Surplus		6964.970	6168.080	4859.780
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		8518.660	7727.150	5010.180
LOAN FUNDS
1] Secured Loans		8593.140	5276.990	4366.220
2] Unsecured Loans		921.760	1696.000	675.000
TOTAL BORROWING		9514.900	6972.990	5041.220
DEFERRED TAX LIABILITIES		57.990	57.980	42.290
TOTAL		18091.550	14758.120	10093.690
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1178.150	1257.740	946.890
Capital work-in-progress		20.040	40.630	83.590
INVESTMENT		2632.610	2759.160	1804.980
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1192.420	1073.530	803.180
	Sundry Debtors	7294.890	8078.210	4305.330
	Cash & Bank Balances	1157.640	623.980	719.790
	Other Current Assets	13.280	8.710	4.950
	Loans & Advances	12168.840	10602.230	5941.000
Total Current Assets		21827.070	20386.660	11774.250
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1020.590	1249.160	1092.520
	Other Current Liabilities	6444.970	8397.430	3326.070
	Provisions	100.760	39.480	97.430
Total Current Liabilities		7566.320	9686.070	4516.020
Net Current Assets		14260.075	10700.590	7258.230
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		18091.550	14758.120	10093.690

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	21625.650	19069.370	13064.630
		Other Income	747.350	230.320	1043.940
		TOTAL (A)	22373.000	19299.690	14108.570
Less	EXPENSES
		Operating Expenses	18782.800	16530.900	10872.390
		Personnel Expenses	510.270	554.130	416.550
		Administrative and Other Expenses	441.790	446.900	465.460
		Prior Period Adjustment	0.000	0.000	81.640
		TOTAL (B)	19734.860	17531.930	11836.040
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2638.140	1767.760	2272.530
Less	FINANCIAL EXPENSES (D)		1276.190	948.100	551.940
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1361.950	819.660	1720.590
Less/ Add	DEPRECIATION/ AMORTISATION (F)		112.110	101.710	65.680
Add	Company’s share in profit of integrated joint venture		33.220	--	--
	PROFIT BEFORE TAX (E-F) (G)		1283.060	717.950	1654.910
Less	TAX (I)		433.210	246.660	504.800
	PROFIT AFTER TAX (G-I) (J)		849.850	471.290	1150.110
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2217.780	1750.910	650.410
Less	APPROPRIATIONS
		Proposed Dividend	46.040	3.640	42.400
		Dividend Distribution Tax	7.650	0.620	7.210
	BALANCE CARRIED TO THE B/S		3013.940	2217.940	1750.910
	IMPORTS
		Capital Goods	30.550	44.140	36.700
	TOTAL IMPORTS		30.550	44.140	36.700
	Earnings Per Share (Rs.)		6.01	3.33	8.16

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	3.79	2.44	8.15
Net Profit Margin (PBT/Sales)	(%)	5.93	3.76	12.66
Return on Total Assets (PBT/Total Assets}	(%)	5.57	3.31	13.00
Return on Investment (ROI) (PBT/Networth)		0.15	0.09	0.33
Debt Equity Ratio (Total Liability/Networth)		2.00	2.15	1.90
Current Ratio (Current Asset/Current Liability)		2.88	2.10	2.60

LOCAL AGENCY FURTHER INFORMATION

Form 8

Corporate identity number of the company

U45200AP2001PLC038175

Name of the company

INDU PROJECTS LIMITED

Address of the registered office or of the principal place of business in India of the company

“Indu Fortune Fields”,1009, 13^th Phase, Kukatpally, Hyderabad-500072, Andhra Pradesh

This form is for

Creation of charge

Type of charge

Movable property

Particular of charge holder

Name :	SREI Equipment Finance Private Limited
Address :	'Vishwakarma', 86c, Topsia Road, Kolkata – 700046, West Bengal, India
Email :	sanjay_chaurasia@srei.com

Nature of instrument creating charge

Deed of Hypothecation.(LBH802)

Date of instrument Creating the charge

25.07.2011

Amount secured by the charge

Rs. 256.740 Millions

Brief of the principal terms an conditions and extent and operation of the charge

Rate of Interest

14% per annum.

Terms of Repayment

Amount repayable in 24 no. monthly installments as per Repayment Schedule attachment.

Margin

NIL

Extent and Operation of the charge

As per Deed of Hypothecation.

Others

Nil

Particulars of the property charged

Various Asset attached as per list.(WITHIN INDIA).

Name of the company	INDU PROJECTS LIMITED
Presented By	Mr. R R Pujari
1) Date and description of instrument creating the change	Deed of hypothecation dated the 10.08.2004 executed by Indu Projects Limited (therein and hereinafter referred to as the borrower) in favour of ICICI Bank Limited
2) Amount secured by the charge/amount owing on the securities of charge	Secured working capital facilities not exceeding Rs.55.000 millions
4) Gist of the terms and conditions and extent and operation of the charge.	In consideration of ICICI having granted/ agreed to grant to the borrower the facilities under the agreement and declaration by the borrower, inter alia as follows : Covenant by the borrower to comply/ to ensure compliance with all the terms and conditions set out in the credit facility agreement dated 10^th august entered between he borrower and ICICI, as modified amended/ renewed/ supplemented from time to time The borrower shall pay/ repay all amounts in respect of the facilities and pay interest and all other monies in the manner set out in the agreement and the other transition documents. The assets were thereby hypothecated inter alia to ICICI as and by way of pari passu first charge along with UCO Bank., as security for and be charged with the repayment of the facilities all interest and other monies payable by the borrower to ICICI as specified in the agreement and the other transaction documents. The borrower to keep the assets in marketable and good conditions and also insured as provided in the deed of hypothecation/ the agreement. Power of entry, power to take charge and / or possession of, seize, recover, receive, appoint receivers of and remove and/or sale by auction or private contract, dispatch for realization or otherwise dispose of or deal with all or any part of the assets etc. as provided in the deed of hypothecation. All other terms and conditions as contained in the deed of hypothecation.
5) Name and Address and description of the person entitled to the charge.	ICICI Bank Limited, Land mark, Race Course Circle, Vadodara-390007 Branch Office : ICICI Bank Limited, 1-11-256, Begumpet, Hyderabad-500016
6) Date and brief description of instrument modifying the charge	Letter of amendment dated 24.10.2005 executed by the borrower in favour of ICICI
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification.	Rate of interest on CC Account : 2.00% below ICICI Benchmark adjusted rate p.a. + Cash credit premium p.a. i.e. 9.50%p.a. BG Commission Charges : 0.25% p.a. + 1.00% p.a. handling charges All the powers, provisions, agreements, declarations and covenants contained in or implied by the principal deed of hypothecation including the power of sale, power to appoint receiver and power of entry will remain the same.

Corporation identity number or foreign company registrations number of the company	U45200AP2001PLC038175
Name of the company	INDU PROJECTS LIMITED
Address	1009, Indu Fortune Fields, 13^th Phase, Adjacent to 7^th Phase, KPHB Colony, Hyderabad-500072, Andhra Pradesh, India
This Form is for	Creation of charge
Type of Charges	Movable property
Particular of the charge holder	ICICI Bank Limited Landmark Race Cource Circle Alkapuri, Baroda-390015, Gujarat
Nature or description of the instrument creating charge	Unattested deed of hypothecation for purchse of transit mixers 5 numbers.
Date of the instrument creating charge	12.02.2007
Amount Secure by the charge	Rs.4.652 millions
Brief of the principal terms and conditions and extent and operation of the charge	Rate of interest : 10.25% Terms of repayment : Loan to e reapid in 35 monthly installments, commencing from 05.03.2007. Margin Rs.0.517 millions i.e. Rs.0.103 millions 5 numbers in transit mixers Extent and operation of the charge The borrower shall keep the assets in good, marketable condition and insured as stipulate dbny the bank Security created by this charge shall continue and remain in full force till the time the borrower repays the amount Such other terms and conditions as per the unattested deed of hypothecation
Particulars of the Property charged	Transit mixer 5 numbers, sub model AM6SHN

Fixed Assets:

v Lease hold Land

v Plant and machinery

v Furniture and Fixtures

v Vehicles

v Office Equipment’s

v Buildings on Lease hold land

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.22
UK Pound	1	Rs.75.63
Euro	1	Rs.65.64

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		53

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.