MIRA INFORM REPORT

Report Date :

23.04.2012

IDENTIFICATION DETAILS

Name :	KONASEEMA GAS POWER LIMITED
Registered Office :	II Floor, Progressive Towers, 6-2-913/914 2nd Fl Progre Khairatabad, Hyderabad – 500004, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	10.07.1997
Com. Reg. No.:	037013
Capital Investment / Paid-up Capital :	Rs.5230.000 Millions
CIN No.: [Company Identification No.]	U40101AP1997PLC037013
TAN No.: [Tax Deduction & Collection Account No.]	HYDK02035F
PAN No.: [Permanent Account No.]	AABCK8074A
Legal Form :	A closely held Public Limited Liability Company
Line of Business :	Generation of Electricity.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 20799248
Status :	Recently Commenced Business
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Though the company was incorporated in the year 1997, it has recently commenced its commercial business activities. The company has incurred some losses in its field year of operation. 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 :	II Floor, Progressive Towers, 6-2-913/914 2nd Fl Progre Khairatabad, Hyderabad – 500004, Andhra Pradesh, India
Tel. No.:	91-40-23301166
Fax No.:	91-40-23301160
E-Mail :	keopl@eth.net

DIRECTORS

AS ON 11.08.2011

Name :	Mr. Muthukumilli Sripattabhi Ramarao
Designation :	Managing Director
Date of Appointment :	12.07.2000

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	U05005AP1987PLC007803	HINDUSTAN SEA FOODS LTD	Director	24/09/1987	24/09/1987	-	Active	NO
2	U24110AP1991PTC012992	V.B.C. FERTILISERS AND CHEMICALS PRIVATE LIMITED	Director	26/07/1991	26/07/1991	-	Active	NO
3	L65910AP1985PLC005750	BASIL INFRASTRUCTURE PROJECTS LIMITED	Director	27/11/1993	27/11/1993	29/09/2011	Active	NO
4	U40101OR1995PLC004059	ORISSA POWER CONSORTIUM LIMITED	Director	29/06/1995	29/06/1995	-	Active	NO
5	U10100AP1996PLC024035	INDO-US COAL WASHERIES LIMITED	Director	08/05/1996	08/05/1996	-	Active	NO
6	U40100AP1996PLC025993	BHADRACHALAM POWER COMPANY LIMITED	Director	18/12/1996	18/12/1996	-	Active	NO
7	U40109AP1997PLC027395	BHARAT JALA VIDYUT NIGAM LIMITED	Director	20/06/1997	20/06/1997	-	Active	NO
8	U40109AP1998PLC029888	KONASEEMA POWER CORPORATION LIMITED	Director	05/08/1998	05/08/1998	-	Active	NO
9	U40109AP1999PLC031840	ORISSA HYDEL POWER JALAPUT LIMITED	Director	03/06/1999	03/06/1999	-	Active	NO
10	U40109AP1999PLC031839	ORISSA HYDEL POWER BALIMELA LIMITED	Director	03/06/1999	03/06/1999	-	Active	NO
11	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Managing director	01/01/2009	12/07/2000	-	Active	NO
12	U51909AP1981PLC003162	VBC EXPORTS LIMITED	Director	22/12/2000	22/12/2000	30/06/2009	Active	NO
13	U65910AP2004PTC042618	AVAILABLE RESOURCES PRIVATE LIMITED	Director	10/02/2004	10/02/2004	-	Active	NO
14	U52520AP2004PTC042899	KONASEEMA ENTERPRISES PRIVATE LIMITED	Director	18/03/2004	18/03/2004	-	Active	NO
15	U45200AP2004PTC042898	KONASEEMA INFRASTRUCTURE PRIVATE LIMITED	Director	18/03/2004	18/03/2004	-	Active	NO
16	U40109AP2004PTC042900	KONASEEMA THERMAL POWER PRIVATE LIMITED	Director	18/03/2004	18/03/2004	-	Active	NO
17	U40109AP2004PTC043576	KONASEEMA ENERGY PRIVATE LIMITED	Director	02/07/2004	02/07/2004	-	Active	NO
18	U74140AP2004PTC043624	KONASEEMA RESOURCES PRIVATE LIMITED	Director	12/07/2004	12/07/2004	-	Active	NO
19	U15540AP1998PTC029827	Hillfort Palace Private Limited	Director	30/04/2005	30/04/2005	-	Active	NO
20	U40109AP1997PLC027396	BHARAT ALLOYS AND ENERGY LIMITED	Director	29/06/2005	29/06/2005	-	Amalgamated	NO
21	U27101AP2004PTC044533	KARTHIK RUKMINI ALLOYS AND ENERGY PVT LIMITED	Director	29/09/2006	06/12/2005	-	Active	NO
22	U45100AP1996PLC025994	GOLDEN JUBILEE HOTELS LIMITED	Director	01/06/2006	01/06/2006	-	Active	NO
23	U45206AP2010PLC066966	MAHA INFRASTURCTURE INDIA LIMITED	Director	10/02/2010	10/02/2010	-	Active	NO

Name :	Mr. Chunchu Raghuvera Prasad
Designation :	Director
Date of Appointment :	14.01.2003

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	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Director	14/01/2003	14/01/2003	-	Active	NO
2	U40101HP2001PTC024679	EVEREST POWER PRIVATE LIMITED	Managing director	23/02/2010	01/06/2003	-	Active	NO
3	U40103HP2000PTC024074	PATIKARI POWER PRIVATE LIMITED	Nominee director	25/02/2010	22/02/2005	-	Active	NO
4	U15540AP1998PTC029827	Hillfort Palace Private Limited	Director	30/04/2005	30/04/2005	31/03/2011	Active	NO
5	U65999AP2006PTC070766	ZEUS INFRAMANAGEMENT PRIVATE LIMITED	Director	25/08/2006	25/08/2006	29/03/2010	Active	NO
6	U40105AP2007PTC058753	EAST COAST ENERGY PRIVATE LIMITED	Director	26/06/2008	18/04/2007	-	Active	NO
7	U31200DL2005PLC133875	TEESTA URJA LIMITED	Nominee director	04/09/2008	21/03/2008	-	Active	NO
8	U40109AP1995PLC020411	SRIVATHSA POWER PROJECTS LIMITED	Director	26/09/2008	31/03/2008	-	Active	NO
9	U40101DL2004PTC148280	ENERGY INFRATECH PRIVATE LIMITED	Nominee director	27/09/2010	31/03/2008	-	Active	NO

Name :	Mr. Janga Kameswara Sarma
Designation :	Director
Date of Appointment :	29.09.2000

Other Directorship:

Top of Form

Bottom of Form

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	U10100AP1996PLC024035	INDO-US COAL WASHERIES LIMITED	Director	08/05/1996	08/05/1996	-	Active	NO
2	U40100AP1996PLC025993	BHADRACHALAM POWER COMPANY LIMITED	Director	18/12/1996	18/12/1996	-	Active	NO
3	U40109AP1997PLC027395	BHARAT JALA VIDYUT NIGAM LIMITED	Director	20/06/1997	20/06/1997	-	Active	NO
4	U40109AP1998PLC029888	KONASEEMA POWER CORPORATION LIMITED	Director	05/08/1998	05/08/1998	-	Active	NO
5	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Director	29/09/2000	29/09/2000	-	Active	NO
6	U40101OR1995PLC004059	ORISSA POWER CONSORTIUM LIMITED	Director	30/06/2001	30/06/2001	-	Active	NO
7	U40109AP1995PLC020948	KRISHNA GODAVARI POWER UTILITIES LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
8	L28113AP1971PLC001437	VBC INDUSTRIES LTD	Director	16/09/2009	28/04/2009	-	Active	NO
9	U74140AP2007PTC054226	KSR FINANCIAL AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO

Name :	Mr. Rameshchandra Bose Tummula
Designation :	Director
Date of Appointment :	15.07.2003

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	L26942AP1979PLC002485	KAKATIYA CEMENT SUGAR AND INDUSTRIES LIMITED	Director	31/01/2001	31/01/2001	-	Active	NO
2	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Director	15/07/2003	15/07/2003	-	Active	NO
3	U31909AP1980PLC002697	VIJAI ELECTRICALS LIMITED	Director	01/06/2010	12/03/2005	-	Active	NO
4	L45201AP1987PLC007959	IVRCL LIMITED	Director	30/09/2005	30/09/2005	-	Active	NO
5	U40101DL2005PLC141611	COUNTRYWIDE POWER TRANSMISSION LIMITED	Director	15/12/2006	06/01/2006	-	Active	NO
6	U45201DL2005PTC139695	Abir Infrastructure Private Limited	Additional director	17/08/2009	17/08/2009	12/06/2010	Active	NO
7	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Director	27/09/2010	27/05/2010	-	Active	NO
8	U31908AP2007PLC058993	ATHENA CHHATTISGARH POWER LIMITED	Managing director	13/08/2010	29/06/2010	-	Active	NO
9	L70100AP1996PLC024459	IVRCL Assets & Holdings Limited	Director	15/09/2011	12/02/2011	-	Active	NO
10	L26914AP1983PLC004249	REGENCY CERAMICS LTD	Director	29/09/2011	27/07/2011	-	Active	NO

Name :	Mr. Reddy Satya Vidya Sagar
Designation :	Director
Date of Appointment :	10.09.2008

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	L26942AP1979PLC002485	KAKATIYA CEMENT SUGAR AND INDUSTRIES LIMITED	Nominee director	22/08/2005	22/08/2005	24/05/2007	Active	NO
2	U72200AP1976SGC002067	APITCO LIMITED	Nominee director	22/01/2008	22/01/2008	30/07/2010	Active	NO
3	L26942AP1974PLC001693	RAIN COMMODITIES LIMITED	Nominee director	14/03/2008	14/03/2008	10/08/2011	Active	NO
4	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Nominee director	10/09/2008	10/09/2008	-	Active	NO
5	L17120AP1962PLC000923	SURYA LAKSHMI COTTON MILLS LTD	Nominee director	10/08/2011	10/08/2011	-	Active	NO

Name :	Mr. Vijay Kumar Shah
Designation :	Director
Date of Appointment :	04.03.2004

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	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Nominee director	04/03/2004	04/03/2004	-	Active	NO

Name :	Mr. Thaimei Thaibipou Kabui
Designation :	Director
Date of Appointment :	28.06.2010

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	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Nominee director	28/06/2010	28/06/2010	-	Active	NO

Name :	Mr. Shailendra Roy Narain
Designation :	Director
Date of Appointment :	19.11.2010

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	U74899DL1990PTC040630	Feedback Infrastructure Services Private Limited	Director	24/07/2008	28/03/2008	-	Active	NO
2	U40101MH2007PLC174071	L&T POWER DEVELOPMENT LIMITED	Director appointed in casual vacancy	20/05/2008	20/05/2008	-	Active	NO
3	U62100MH2009PTC196917	L&T AVIATION SERVICES PRIVATE LIMITED	Director	06/11/2009	06/11/2009	-	Active	NO
4	U40109MH2010PLC205058	L&T SOLAR LIMITED	Director	26/08/2011	30/06/2010	22/03/2012	Active	NO
5	U31501MH2007PLC176667	L&T ELECTRICALS AND AUTOMATION LIMITED	Director appointed in casual vacancy	02/08/2010	02/08/2010	02/02/2012	Active	NO
6	U40102PB2007SGC031039	NABHA POWER LIMITED	Director	07/09/2011	07/10/2010	-	Active	NO
7	U74899DL1995PLC070704	BHILAI POWER SUPPLY COMPANY LIMITED	Director appointed in casual vacancy	09/10/2010	09/10/2010	-	Active	NO
8	U40100MH2006PLC160413	L&T POWER LIMITED	Director appointed in casual vacancy	18/10/2010	18/10/2010	02/03/2012	Active	NO
9	U74900MH2008PLC182601	L&T NATURAL RESOURCES LIMITED	Director appointed in casual vacancy	18/10/2010	18/10/2010	-	Active	NO
10	U40103MH2010PLC209313	L&T PowerGen Limited	Director	22/10/2010	22/10/2010	03/03/2012	Active	NO
11	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Additional director	19/11/2010	19/11/2010	-	Active	NO
12	U40102HP2010PLC031697	L&T HIMACHAL HYDROPOWER LIMITED	Director appointed in casual vacancy	24/03/2011	24/03/2011	-	Active	NO
13	U40300MH2010PLC204778	L&T ARUNACHAL HYDROPOWER LIMITED	Director appointed in casual vacancy	24/03/2011	24/03/2011	-	Active	NO
14	U74200MH2007PLC176358	L&T REALTY LIMITED	Additional director	20/12/2011	20/12/2011	-	Active	NO
15	U13203OR1999PTC005673	RAYKAL ALUMINIUM COMPANY PRIVATE LIMITED	Director appointed in casual vacancy	28/01/2012	28/01/2012	-	Active	NO
16	U45203TN2006PLC059133	L & T URBAN INFRASTRUCTURE LIMITED	Additional director	10/02/2012	10/02/2012	-	Active	NO
17	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	Director appointed in casual vacancy	09/03/2012	09/03/2012	-	Active	NO
18	U27100GJ2009PTC055901	KESUN IRON AND STEEL COMPANY PRIVATE LIMITED	Additional director	15/03/2012	15/03/2012	-	Active	NO
19	U31401UR2006PLC032329	L & T UTTARANCHAL HYDROPOWER LIMITED	Director appointed in casual vacancy	22/03/2012	22/03/2012	-	Active	NO
20	U45203MH2008PTC180029	L&T SEAWOODS PRIVATE LIMITED	Director appointed in casual vacancy	27/03/2012	27/03/2012	-	Active	NO

Name :	Mr. Anoop Seth
Designation :	Director
Date of Appointment :	31.03.2008

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	U74899DL1996PLC078267	BHARTIYA SAMRUDDHI INVESTMENTS AND CONSULTING SERVICES LIMITED	Director	14/12/1996	14/12/1996	-	Active	NO
2	U74899DL1996PLC081127	BHARTIYA SAMRUDDHI FINANCE LIMITED	Director	14/12/1996	14/12/1996	10/01/2011	Active	NO
3	U85320DL1987NPL027141	INDIAN GRAMEEN SERVICES	Director	14/12/1996	14/12/1996	-	Active	NO
4	U65910AP1999PLC031162	KRISHNA BHIMA SAMRUDDHI LOCAL AREA BANK LIMITED	Director	23/10/1999	23/10/1999	22/10/2007	Active	NO
5	L63011AP1995PLC020121	GATI LIMITED	Nominee director	21/01/2008	21/01/2008	23/02/2011	Active	NO
6	U74130HR2006PTC043413	AMP CAPITAL ADVISORS INDIA PRIVATE LIMITED	Managing director	29/08/2008	22/01/2008	-	Active	NO
7	L63010GJ1992PLC018106	GUJARAT PIPAVAV PORT LIMITED	Director	23/06/2009	17/03/2008	17/12/2009	Active	NO
8	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Director	29/09/2008	31/03/2008	-	Active	NO
9	U45209AP2008PLC057269	GAYATRI INFRA VENTURES LIMITED	Nominee director	08/08/2008	08/08/2008	-	Active	NO
10	U90000AP2005PLC045940	WESTERN UP TOLLWAY LIMITED	Director	30/09/2009	28/11/2008	-	Active	NO
11	U50403AP2006PLC050569	GAYATRI JHANSI ROADWAYS LIMTED	Director	24/09/2009	05/12/2008	05/03/2012	Active	NO
12	U45203AP2006PLC050554	GAYATRI LALITPUR ROADWAYS LIMITED	Director	24/09/2009	05/12/2008	05/03/2012	Active	NO
13	U45209AP2007PLC054996	CYBERABAD EXPRESSWAYS LIMITED	Director	30/09/2009	30/12/2008	-	Active	NO
14	U45209AP2007PLC054992	HYDERABAD EXPRESSWAYS LIMITED	Director	30/09/2009	30/12/2008	-	Active	NO
15	U45200AP2010PLC068238	INDORE DEWAS TOLLWAYS LIMITED	Director	04/05/2010	04/05/2010	05/03/2012	Active	NO
16	U45203AP2010PLC068691	HKR TOLLWAYS LIMITED	Director	31/05/2010	31/05/2010	28/10/2011	Under Process of Striking off	NO
17	U45203AP2010PLC069897	HKR ROADWAYS LIMITED	Director	09/08/2010	09/08/2010	-	Active	NO

Name :	Mr. Krishnakumar Gangadharan
Designation :	Director
Date of Appointment :	01.02.2011

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	U26942AS2004PLC007538	CALCOM CEMENT INDIA LIMITED	Nominee director	21/12/2005	21/12/2005	30/11/2007	Active	NO
2	U45200DL2000PLC151199	PIPAVAV RAILWAY CORPORATION LIMITED	Alternate director	02/11/2006	02/11/2006	05/02/2007	Active	NO
3	U40200UP2005PLC029538	CENTRAL U.P. GAS LIMITED	Director	22/12/2006	22/12/2006	-	Active	NO
4	L74210AP1994PLC017356	RAMKY INFRASTRUCTURE LIMITED	Alternate director	21/03/2008	22/12/2006	26/06/2008	Active	NO
5	U45203MH1997PLC108251	PETRONET INDIA LIMITED	Director	27/07/2007	23/02/2007	-	Active	NO
6	U74996DL2006PTC149207	WORLDS WINDOW INFRASTRUCTURE AND LOGISTICS PVT LTD	Additional director	09/02/2008	09/02/2008	-	Active	NO
7	L92490DL2007PLC165673	DEN NETWORKS LIMITED	Alternate director	25/03/2010	28/08/2008	-	Active	NO
8	U11102PN2006PLC021839	MAHARASHTRA NATURAL GAS LIMITED	Nominee director	29/04/2009	29/04/2009	-	Active	NO
9	U35110MH2000PLC127953	DIGHI PORT LIMITED	Alternate director	27/10/2010	27/10/2010	-	Active	NO
10	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Additional director	01/02/2011	01/02/2011	-	Active	NO
11	U72300HR2008PTC038097	Syniverse Technologies (India) Private Limited	Additional director	19/12/2011	19/12/2011	-	Active	NO

Name :	Ms. Archana Niranjan Hingorani
Designation :	Director
Date of Appointment :	30.06.2006
Date of Ceasing:	06.12.2010

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	U45203MH1997PLC108251	PETRONET INDIA LIMITED	Director	20/03/2004	20/03/2004	23/02/2007	Active	NO
2	U30007TN1999PLC042853	IPFONLINE LIMITED	Director	01/04/2004	01/04/2004	22/12/2006	Active	NO
3	U45200DL2000PLC151199	PIPAVAV RAILWAY CORPORATION LIMITED	Nominee director	17/12/2004	17/12/2004	19/03/2007	Active	NO
4	U72900DL2000PLC187530	IL AND FS ECOSMART LIMITED	Director	15/09/2005	15/09/2005	-	Amalgamated	NO
5	U85110KA1961PLC001433	BHARAT FRITZ WERNER LIMITED	Director	09/12/2005	09/12/2005	28/07/2008	Active	NO
6	U18101KA1995PTC017081	GOKALDAS IMAGES PRIVATE LIMITED	Director	10/12/2005	10/12/2005	30/01/2009	Active	NO
7	L99999AP1989PLC057289	GAYATRI PROJECTS LIMITED	Director	01/09/2006	02/02/2006	30/01/2009	Active	NO
8	U63090MH1997PLC108197	CONTINENTAL WAREHOUSING CORPORATION (NHAVA SEVA) LIMITED	Nominee director	15/05/2006	15/05/2006	26/11/2010	Active	NO
9	U45200MH2006PTC160048	HEM INFRASTRUCTURE AND PROPERTY DEVELOPERS PRIVATE LIMITED	Director	25/07/2007	24/05/2006	26/11/2010	Active	NO
10	U67190MH2006PLC162433	IL&FS URBAN INFRASTRUCTURE MANAGERS LIMITED	Director	27/09/2007	24/05/2006	-	Active	NO
11	U74999HR1991PLC043720	A2Z Infra Management & Services Limited	Director	26/06/2006	26/06/2006	01/10/2010	Active	NO
12	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Director	30/06/2006	30/06/2006	06/12/2010	Active	NO
13	U66020MH1995PLC095507	IL & FS TRUST COMPANY LIMITED	Director	11/07/2006	11/07/2006	-	Active	NO
14	L65999MH1986PLC147981	IL & FS INVESTMENT MANAGERS LIMITED	Whole-time director	21/04/2011	17/07/2006	-	Active	NO
15	U74900MH2006PLC163937	OAIS AUTO FINANCIAL SERVICES LIMITED	Director	25/08/2006	25/08/2006	03/05/2007	Active	NO
16	U80220MH1997PLC112535	IL & FS EDUCATION & TECHNOLOGY SERVICES LIMITED	Director	03/08/2007	07/09/2006	21/01/2010	Active	NO
17	U74140MH2006PLC165363	IL&FS PORTFOLIO MANAGEMENT SERVICES LIMITED	Director	10/08/2007	03/11/2006	-	Active	NO
18	L74210AP1994PLC017356	RAMKY INFRASTRUCTURE LIMITED	Director	29/09/2007	22/12/2006	-	Active	NO
19	U92199DL2002PTC114139	INTERNATIONAL RECREATION PARKS PRIVATE LIMITED	Director	25/09/2007	23/01/2007	11/04/2011	Active	NO
20	U92199DL2002PLC114253	UNITECH AMUSEMENT PARKS LIMITED	Director	25/09/2007	23/01/2007	11/04/2011	Active	NO
21	U45208KA2007PTC041581	QVC Realty Co. Private Limited	Additional director	22/02/2007	22/02/2007	-	Active	NO
22	U70100MH2005PTC158322	NEELKAMAL REALTORS TOWER PRIVATE LIMITED	Nominee director	05/05/2007	05/05/2007	04/11/2010	Active	NO
23	U45200MH2006PTC161067	Island Star Mall Developers Private Limited	Nominee director	04/06/2007	04/06/2007	28/10/2010	Active	NO
24	U70100MH2006PTC159708	DB (BKC) REALTORS PRIVATE LIMITED	Nominee director	20/06/2007	20/06/2007	28/10/2010	Active	NO
25	U70101TN2007PTC065552	Pallanishamy Properties Private Limited	Director	18/03/2009	09/05/2008	18/11/2010	Active	NO
26	U70102DL2007PLC158578	ANSAL SEZ PROJECTS LIMITED	Nominee director	23/09/2008	02/06/2008	03/11/2010	Active	NO
27	U45200TN2007PTC065754	GK Industrial Park Private Limited	Director	23/06/2008	13/06/2008	23/11/2010	Active	NO
28	U70102AP2007PLC056526	RAMKY INTEGRATED TOWNSHIP LIMITED	Director	30/09/2008	05/08/2008	03/11/2010	Active	NO
29	U70102MH2000PTC126999	RARE TOWNSHIPS PRIVATE LIMITED	Director	21/07/2009	31/12/2008	28/12/2010	Active	NO
30	U45201MH2007PTC174797	J B SEZ Private Limited	Director	28/07/2009	27/02/2009	27/12/2010	Active	NO
31	U70100MH2006PTC159566	PAN INDIA MOTORS PRIVATE LIMITED	Director	13/04/2009	13/04/2009	-	Active	NO
32	U74140AP1994PLC018833	RAMKY ENVIRO ENGINEERS LIMITED	Director	30/09/2009	10/08/2009	-	Active	NO
33	U45400MH2008PTC187022	WONDERVALUE REALTY DEVELOPERS PRIVATE LIMITED	Nominee director	25/09/2009	25/09/2009	07/12/2010	Active	NO
34	U70109DL2006PTC155922	EMERALD LANDS (INDIA) PRIVATE LIMITED	Alternate director	14/01/2010	14/01/2010	03/11/2010	Active	NO
35	U45400MH2007PTC176925	ORBIT HIGHCITY PRIVATE LIMITED	Director	06/09/2010	10/05/2010	09/11/2010	Active	NO
36	U74140HR2008PLC037820	A2Z INFRASERVICES LIMITED	Nominee director	21/10/2010	21/10/2010	25/10/2011	Active	NO
37	U74140MH2005PLC158416	IIML ASSET ADVISORS LIMITED	Director	16/09/2011	14/02/2011	-	Active	NO
38	U40300DL2007PLC163679	IL&FS Energy Development Company Limited	Additional director	26/03/2012	26/03/2012	-	Active	NO

Name :	Mr. Anandram Khatumal Chhatwani
Designation :	Director
Date of Appointment :	20.08.2004
Date of Ceasing:	21.10.2010

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	U13203OR1999PTC005673	RAYKAL ALUMINIUM COMPANY PRIVATE LIMITED	Director	14/12/2000	14/12/2000	09/10/2010	Active	NO
2	U74210MH1995PLC088099	L&T-SARGENT & LUNDY LIMITED	Director	19/03/2002	19/03/2002	09/10/2010	Active	NO
3	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Director	20/08/2004	20/08/2004	09/10/2010	Active	NO
4	U74899DL1995PLC070704	BHILAI POWER SUPPLY COMPANY LIMITED	Director	16/08/2007	05/09/2005	09/10/2010	Active	NO
5	U31101WB1997PLC083434	HPL COGENERATION LIMITED	Director	24/09/2005	24/09/2005	06/05/2008	Amalgamated	NO
6	U65910MH1997PLC108179	L&T FinCorp Limited	Director	19/01/2006	19/01/2006	30/07/2010	Active	NO
7	U40100MH2006PLC160413	L&T POWER LIMITED	Director	09/03/2006	09/03/2006	09/10/2010	Active	NO
8	U29119MH2006PTC165102	L&T - MHI BOILERS PRIVATE LIMITED	Director	09/10/2006	09/10/2006	10/05/2010	Active	NO
9	U31101MH2006PTC166541	L&T - MHI TURBINE GENERATORS PRIVATE LIMITED	Director	27/12/2006	27/12/2006	10/05/2010	Active	NO
10	U40101MH2007PLC174071	L&T POWER DEVELOPMENT LIMITED	Director	12/09/2007	12/09/2007	09/10/2010	Active	NO
11	U74900MH2008PLC182601	L&T NATURAL RESOURCES LIMITED	Director	23/05/2008	23/05/2008	09/10/2010	Active	NO
12	U27100OR2009PTC011249	KENSUN IRON AND STEEL COMPANY PRIVATE LIMITED	Director	22/10/2009	22/10/2009	-	Under Process of Striking off	NO
13	U40102PB2007SGC031039	NABHA POWER LIMITED	Director	18/01/2010	18/01/2010	09/10/2010	Active	NO
14	U27100GJ2009PTC055901	KESUN IRON AND STEEL COMPANY PRIVATE LIMITED	Director	11/06/2010	26/02/2010	09/10/2010	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 11.08.2011

Names of Shareholders	No. of Shares
Dr. MVVS.Murthi	250000
MSP. Rama Rao	100
M.S. Lakshman Rao	100
M. Srimani	100
M. Surya	100
Sudarshan Varadaraj	100
Bharati Varadaraj W/o. Sudarshan Varadaraj	100
A.S.Raju	100
VBC Ferro Alloys Limited, India	127682514
VBC Industries Limited, India	28386700
VBC Finance and Leasing Limited, India	399500
VBC Exports Limited, India	8000000
Konaseema Power Corporation Limited, India	12722000
ELGI Capital Formation Private Limited – II, India	39640000
Kavuri Holdings Private Limited – II, India	10000000
KSK Emerging India Energy Private Limited – II, Mauritius	12348200
India Infrastructure Developers Ltd, India	21000000
IL&FS Trust Company Ltd A/c Leverage India Fund, India	28000000
The Infrastructure Fund of India LLC, Mauritius	36904000
Life Insurance Corporation of India Limited, India	20000000
General Insurance Corporation of India, India	20000000
Industrial Development Bank of India Limited, India	58568786
International Power Vision Inc, Bahamas	8351550
Mancala Mercantile, Bahamas	6300000
Available Resoucres Private Limited, India	14305800
Rajive Chopra	20000
Rama Goel	20000
Rajesh Jain	250
Feed Back Consultants Private Limited., Delhi	100000

AS ON 11.08.2011

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	12.20
Bodies corporate	68.30
Directors or relatives of Directors	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Generation of Electricity.

GENERAL INFORMATION

Bankers :

Union Bank of India, S M E Branch, 12-4-32, 1st Floor, Chandu's Plaza, Green Park Road, Visakhapatnam - 530002, Andhra Pradesh, India

Facilities :

SECURED LOAN	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Term Loans Foreign Currency Term Loan from: Power Finance Corporation Ltd	1841.752	2024.023
Rupee Term Loans from: Financial Institutions Power Finance Corporation Ltd Rural Electrification Corporation Ltd Housing and Urban Development Corporation Ltd Life Insurance Corporation of India General Insurance Corporation of India PTC India Fin. Services Ltd	1894.377 2303.765 1060.888 568.382 168.083 1000.000	1969.522 2591.735 1193.065 638.496 189.402 0.000
Banks IDBI Bank Ltd Punjab National Bank Union Bank of India Central Bank of India UCO Bank	2232.512 626.877 631.020 670.933 368.212	2516.912 706.331 709.908 753.810 414.239
Cash credit facilities from : IDBI Bank Ltd Central Bank of India Union Bank of India UCO BANK	412.357 151.426 204.691 155.878	302.819 149.939 199.937 --
Interest Accrued and Due on the above loans (Secured by first charge on all movable and immovable assets of the company present and future and by the personal guarantee of Sri M.S.P.Rama Rao, Managing Director )	225.151	166.446
Due to Tata Motor Finance Ltd.	0.738	0.000
Due to Life Insurance Corporation of India (secured by assignment of Keyman Insurance policy)	0.000	1.043
TOTAL	14517.045	14527.631
UNSECURED LOAN	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Deferred Credit (Due for repayment at the end of 12 years from the Date of commercial operation the project or upon repayment of all the term loans for the project provided by the lenders whichever is later)	666.000	666.000
From Corporate bodies	122.491	0.000
TOTAL	788.491	666.000

Banking Relations :	--
Auditors :
Name :	Brahmayya and Company Chartered Accountant
Address :	Suhasini, 10-50-24, Siripuram, Vishakhapatnam – 530003, Andhra Pradesh, India
Associates/Subsidiaries :	· Konaseema Power Corporation Limited · Basil Infrastructure Projects Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
4995000000	Equity Shares	Rs.10/- each	Rs.49950.000 Millions
505000000	Preference Shares	Rs.10/- each	Rs.5050.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
523000000	Equity Shares	Rs.10/- each	Rs.5230.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		5230.000	5230.000	4150.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		540.000	540.000	638.922
4] (Accumulated Losses)		(570.188)	0.000	0.000
NETWORTH		5199.812	5770.000	4788.922
LOAN FUNDS
1] Secured Loans		14517.045	14527.631	12871.659
2] Unsecured Loans		788.491	666.000	666.000
TOTAL BORROWING		15305.536	15193.631	13537.659
DEFERRED TAX LIABILITIES		103.790	0.000	0.000
TOTAL		20609.138	20963.631	18326.581
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		19774.315	136.665	139.126
Capital work-in-progress		1254.732	20375.675	18479.228
INVESTMENT		1.000	1.000	1.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	31.510	33.516	0.000
	Sundry Debtors	423.211	663.755	0.000
	Cash & Bank Balances	78.070	100.036	141.584
	Other Current Assets	0.290	0.000	17.527
	Loans & Advances	432.660	411.326	201.660
Total Current Assets		965.741	1208.633	360.771
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	540.049	552.203	318.864
	Other Current Liabilities	840.933	201.237	325.881
	Provisions	5.668	4.969	8.866
Total Current Liabilities		1386.650	758.409	653.611
Net Current Assets		(420.909)	450.224	(292.840)
MISCELLANEOUS EXPENSES		0.000	0.067	0.067
TOTAL		20609.138	20963.631	18326.581

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011
	SALES
		Income	5586.035
		Other Income	104.649
		TOTAL (A)	5690.684
Less	EXPENSES
		Natural Gas Consumed for Power Generation	3703.368
		Employee Cost	39.260
		Operational Expenses	78.287
		Other Expenses	61.232
		TOTAL (B)	3882.147
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1808.537
Less	FINANCIAL EXPENSES (D)		1499.518
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		309.019
Less/ Add	DEPRECIATION/ AMORTISATION (F)		775.415
	PROFIT BEFORE TAX (E-F) (G)		(466.396)
Less	TAX (I)		103.792
	PROFIT AFTER TAX (G-I) (J)		(570.188)
	Earnings Per Share (Rs.)		(1.09)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(10.09)	NA	NA
Net Profit Margin (PBT/Sales)	(%)	(8.35)	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	(2.25)	NA	NA
Return on Investment (ROI) (PBT/Networth)		0.09	NA	NA
Debt Equity Ratio (Total Liability/Networth)		3.21	2.76	2.96
Current Ratio (Current Asset/Current Liability)		0.70	1.59	0.55

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	No
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter's background	Yes
8) No. of employees	No
9) Name of person contacted	No
10) Designation of contact person	No
11) Turnover of firm for last three years	Yes
12) Profitability for last one years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	No
20) Export / Import details (if applicable)	--
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	Yes
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	Yes
28) Incorporation details, if applicable	Yes
29) Last accounts filed at ROC	Yes
30) Major Shareholders, if available	Yes

INDUSTRY OVERVIEW:

ECONOMY AND POWER SECTOR SCENARIO

Economy

One of the major requirements for sustainable and inclusive economic growth is an extensive and efficient infrastructure network. It is critical for the effective functioning of the economy and industry. The key to global competitiveness of the Indian economy lies in building a high class infrastructure. To accelerate the pace of infrastructure development and reduce the infrastructure deficit, the Government has initiated a host of projects and schemes to upgrade physical infrastructure in all crucial sectors. Despite several challenges, the positive results of the Government’s initiatives are showing in some sectors. However, required capacity addition in a time-bound manner needs focused attention in other sectors. The highlights of the Economic Survey 2010-11 are:

• Indian economy to grow by 9 per cent in next fiscal year.

• India on way to become fastest growing economy in the world.

• Government working on regulations to emphasize on capital market.

• Increase influx of foreign capital by building close association with G-20 countries.

• National Forest Land Bank to improvise the infrastructure projects.

• Estimated economic growth at 8.75-9.25 per cent for fiscal year 2012.

Power Sector Scenario

The Eleventh Plan envisaged capacity addition of 62,374 MW in the power sector, of which 8237 MW was hydro, 50,757 MW thermal, and 3380 MW nuclear power. The main reasons for underachievement of capacity addition targets were delayed and non sequential supply of material by suppliers, shortage of skilled manpower for construction and commissioning of projects, contractual disputes between project authorities, contractors and their sub-vendors, delay in readiness of balance of plants by the executing agencies, design problems in CFBC boilers, and shortage of fuel.

Gas Scenario:

India has an estimated sedimentary area of 3.14 million sq. km, comprising 26 sedimentary basins. Prior to the adoption of the New Exploration Licensing Policy (NELP), only 11 per cent of India's sedimentary basin was under exploration. Since operationalization of the NELP in 1999, the Government of India has awarded 47.3 per cent of it for exploration. So far 87 oil and gas discoveries have been made by private/joint venture (JV) companies in 26 blocks and more than 640 MMT of oilequivalent hydrocarbon reserves have been added. As on 1 October 2010, investment made by Indian and foreign companies was of the order of US $ 14.8 billion, of which, US $ 7.5 billion was in hydrocarbon exploration and US$ 7.3 billion in development of discoveries. Shale gas is being explored as an important new source of energy in the country. India has several shale formations which seem to hold shale gas. The shale gas formations are spread over several sedimentary basins such as Cambay, Gondwana, and KG on land and Cauvery river. The DGH has initiated steps to identify prospective areas for shale gas exploration and acquisition of additional geoscientific data. An MOU has been signed with the USA during the visit of President Obama to India in November 2010 for cooperation in the field of shale gas assessment and development.

Gas production from KG-D6 began on 1 April 2009. The current gas production from the KG-D6 field is about 53 MMSCMD, of which about 45 MMSCMD is being produced from D1 and D3 fields and about 8 MMSCMD from MA field. The approved Field Development Plan of D1 and D3 envisages gas production to the tune of 80 MMSCMD from the third year of commercial production, i.e. with effect from 2012-13.

Import of Liquefied Natural Gas(LNG):

Petronet LNG Limited (PLL), promoted by ONGC, GAIL, IOCL, and BPCL, was formed to import LNG and set up an LNG regasification plant at Dahej. PLL signed a contract with RasGas, Qatar, in July 1999 for import of 7.5 million metric tones per annum (MMTPA) LNG for a period of 25 years. As per the contract, supply of 5 MMTPA commenced in 2004 and of the balance 2.5 MMTPA in January 2010. In addition to these term contracts, LNG is also being sourced from the spot market by PLL and Hazira LNG Private Ltd. (HLPL). During 2009- 10, about 8.91 MMTPA LNG was imported. This is equivalent to about 31 million standard cubic metre per day (MMSCMD) of regasified LNG (RLNG). During April-November 2010, 4.91 MMTPA of LNG has been imported.

OUTLOOK AND OPPORTUNITIES

With forward looking policies and regulations from the Government and CERC, an encouraging environment has been created for investments in all parts of electricity supply chain i.e. generation, transmission and distribution. The continuing demand-supply gap, which is expected to continue for at least next ten years due to increased growth rates, provides attractive investment opportunities in all the areas of power sector.

There are significant opportunities in generation sector for gas based CCPPs at load centers or near gas transportation infrastructure. However, land acquisition, environmental clearances and fuel linkages are not easily available, leading to longer gestation period for the projects.

Power generation from alternate sources like hydel, nuclear and renewable sources remain untapped to a large extent. Hydel power potential of 1,50,000 MW is untapped as assessed by the Government of India. These sources need to be exploited fully so as to reduce dependence on fossil fuels and combat the effects of global warming. Opportunities are also available in transmission and distribution sectors once privatization of distribution gathers further momentum. The Government has already invited competitive bids from private participants for certain EHV lines for commensurate development of transmission sector in tandem with generation.

REVIEW OF COMPANY’S BUSINESS

During the year the company has generated 1920.750 millions units and has achieved a turnover of Rs. 5586.000 Millions. The year being first year of operations the comparison for the previous year is not applicable. During the year the company has achieved an Annualised Plant Load Factor of 70%. During the year the company has reported a cash profit of Rs. 309.000 Millions before providing for a depreciation of Rs. 775.400 Millions and Deferred Tax Liability of Rs.103.700 Millions. The Net Loss reported during the nine months Operations period was Rs.570.100 Millions.

FUTURE GROWTH PLANS

The Company has ambitious growth plans to capitalize on the opportunities available in the ever growing power sector. The company’s 820 MW expansion project is likely to take off during the year 2011-12 on resolving the issue of its existing power plant. The expansion project is likely to commence commercial operations to meet the demand requirements of Twelfth Five Year Plan of Government of India. The commissioning of the company’s expansion project is expected to co-inside with the commercialization of additional gas discoveries in the KG Basin by RIL, GSPC, GAIL and CAIRN. The company has taken effective steps for fitting into the Gas Allocation Policy, Twelfth Year Plan of Government of India and is regularly reporting the developments on the expansion project to the concerned regulatory agencies.

FINANCE

During the year, the company has raised a Medium Term Loan of Rs. 1000.000 Millions from PTC India Financial Services Limited. The Term Loans including the Working Capital Loans outstanding as on 31st March 2011 were Rs. 14291.900 Millions (Previous Year Rs. 14361.200 Millions). During the year 2010-11 the company has repaid an amount of Rs. 1410.000 Millions towards term loans. The delayed achievement of CoD and non-settlement of Additional Fixed Charges by APDISCOMs have adversely affected the debt servicing capacity of the company.

FORM 8:

Corporate identity number of the company	U40101AP1997PLC037013
Name of the company	KONASEEMA GAS POWER LIMITED
Address of the registered office or of the principal place of business in India of the company	II Floor, Progressive Towers,6-2-913/914, Khairatabad Hyderabad-500 004, Andhra Pradesh, India
This form is for	Creation of charge
Type of charge	Book Debts Movable Property
Particular of charge holder	PUNJAB NATIONAL BANK
Nature of instrument creating charge	Deed of Hypothecation executed by the company on 1st Day of March 2012 with Punjab National Bank
Date of instrument Creating the charge	01/03/2012
Amount secured by the charge	Rs.138.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest BR+TP+3.00% - i.e., 14.25% Terms of Repayment The term loan has to be repaid in 22 structured quarterly installments commencing from April 1, 2015 as per the terms of sanction letter dated 22nd February 2012. Margin 30% Extent and Operation of the charge The Charge operates for the due payment of principal, interest and other amounts due under this Deed of Hypothecation.
Short particulars of the property charged	Book Debts and Movable Assets of the Company

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.51.99
UK Pound	1	Rs.83.53
Euro	1	Rs.68.39

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		26

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.