MIRA INFORM REPORT

Report Date :

06.08.2012

IDENTIFICATION DETAILS

Name :		DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED
Registered Office :		New Udaan Bhawan, Terminal 3, Opposite ATC Complex, International Terminal, I G I Airport, New Delhi-110037
Country :		India
Financials (as on) :		31.03.2011
Date of Incorporation :		01.03.2006
Com. Reg. No.:		55-146936
Capital Investment / Paid-up Capital :		Rs. 24500.000 Millions
CIN No.: [Company Identification No.]		U63033DL2006PTC146936
TAN No.: [Tax Deduction & Collection Account No.]		DELD08985E
PAN No.: [Permanent Account No.]		AACCD3570F
Legal Form :		Private Limited Liability Company
Line of Business :		Providing of Airport maintenance services and repairing services.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 83280000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is a company having moderate track. Even though the company has achieved a better increase in its sales turnover, it has incurred heavy loss during 2011. The company does not have reserves. There appears some accumulated loss recorded by the company. Business is active. Payments are reported to be slow but correct. 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	BBB (Long Term Rating)
Rating Explanation	Moderate credit risk
Date	2011

Rating Agency Name	ICRA
Rating	A3+ (Short Term Rating)
Rating Explanation	Higher credit risk
Date	2011

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	New Udaan Bhawan, Terminal 3, Opposite ATC Complex, International Terminal, I G I Airport, New Delhi-110037, India
Tel. No.:	91-11-47197001
Fax No.:	91-11-47197034
E-Mail :	Lalit.satija@gmrgroup.in Sounderarajan.cp@gmrgroup.in
Website :	www.newdelhiairport.in
Corporate Office :	GMR Group, IBC Knowledge Park, Phase 2, "D" Block, 9th Floor, 4/1, Bannerghatta Road, Bangalore - 560 029, Karnataka, India
Tel No.:	91-80-40432180
Fax No.:	91-80-40432000
E-Mail :	info@gmrgroup.in
Branches :	Located At : · New Delhi · Himachal Pradesh · Bhubaneswar · Orissa · Uttarakhand · Chandigarh · Maharashtra · Karnataka · Tamil Nadu · Andhra Pradesh

DIRECTORS

AS ON 24.08.2011

Name :	Mr. Grandhi Mallikarjuna Rao
Designation :	Chairman
Address :	No.486/76, 38^th Cross, 1^st Main, 8^th Block, Jayanagar, Bangalore – 560082, Karnataka, India
Date of Birth/Age :	01.07.1949
Date of Appointment :	19.04.2006
DIN No.:	00574243

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Whole-time director	18/10/2007	22/05/1999	-	Active	NO
2	U85110KA1996PLC021262	GMR ENERGY LIMITED	Managing director	25/09/1999	25/09/1999	17/10/2007	Active	NO
3	U45203KA2001PTC049329	GMR TAMBARAM TINDIVANAM EXPRESSWAYS PRIVATE LIMITED	Director	27/08/2001	27/08/2001	10/01/2008	Active	NO
4	U45203KA2001PTC049328	GMR TUNI-ANAKAPALLI EXPRESSWAYS PRIVATE LIMITED	Director	27/08/2001	27/08/2001	10/01/2008	Active	NO
5	U23201KA1997PLC032964	GMR VEMAGIRI POWER GENERATION LIMITED	Director	01/10/2001	01/10/2001	15/10/2007	Active	NO
6	U62100AP2002PLC040118	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED	Director	29/10/2003	29/10/2003	-	Active	NO
7	U80301AP2003NPL042195	GMR VARALAKSHMI FOUNDATION	Director	09/12/2003	09/12/2003	-	Active	NO
8	U45203KA2005PTC036773	GMR AMBALA-CHANDIGARH EXPRESSWAYS PRIVATE LIMITED	Director	14/07/2005	14/07/2005	10/01/2008	Active	NO
9	U13100KA2005PTC037308	GMR MINING AND ENERGY PRIVATE LIMITED	Director	23/09/2005	23/09/2005	17/10/2007	Active	NO
10	U45200KA2005PTC049326	GMR JADCHERLA EXPRESSWAYS PRIVATE LIMITED	Director	18/10/2005	18/10/2005	10/01/2008	Active	NO
11	U45200KA2005PLC049327	GMR POCHANPALLI EXPRESSWAYS LIMITED.	Director	18/10/2005	18/10/2005	10/01/2008	Active	NO
12	U74920KA2005PLC036865	RAXA SECURITY SERVICES LIMITED	Director	14/12/2005	14/12/2005	13/09/2007	Active	NO
13	U45203KA2006PLC038379	GMR HIGHWAYS LIMITED	Director	03/02/2006	03/02/2006	10/01/2008	Active	NO
14	U40101UR2006PTC031381	GMR (BADRINATH) HYDRO POWER GENERATION PRIVATE LIMITED	Director	17/02/2006	17/02/2006	15/10/2007	Active	NO
15	U45203KA2006PTC038784	GMR ULUNDURPET EXPRESSWAYS PRIVATE LIMITED	Director	20/03/2006	20/03/2006	10/01/2008	Active	NO
16	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	11/06/2007	19/04/2006	-	Active	NO
17	U45400DL2007PTC163751	DELHI AEROTROPOLIS PRIVATE LIMITED	Director	16/06/2008	18/06/2007	-	Active	NO
18	U67120MH1993PTC207451	GMR HOLDINGS PRIVATE LIMITED	Director	30/09/2008	18/08/2007	-	Active	NO
19	U45209TN2007PLC064863	GMR KRISHNAGIRI SEZ LIMITED	Director	18/08/2008	28/09/2007	20/12/2010	Active	NO
20	U45400AP2007PLC054827	GMR HYDERABAD AEROTROPOLIS LIMITED	Director	27/06/2008	29/09/2007	-	Active	NO
21	U23209AP2005PTC047372	KAKINADA REFINERY AND PETROCHEMICALS PRIVATE LIMITED	Director	22/09/2008	23/06/2008	-	Active	NO
22	U62200AP2008PLC059646	GMR AIRPORT DEVELOPERS LIMITED	Additional director	14/05/2010	14/05/2010	07/09/2010	Active	NO
23	U45200MH1996PTC205984	GMR PROJECTS PRIVATE LIMITED	Director	21/05/2010	21/05/2010	07/09/2010	Active	NO
24	U45400KA2008PTC046642	GMR INFRATECH PRIVATE LIMITED	Director	18/08/2010	08/06/2010	07/09/2010	Active	NO
25	U45200KA2008PTC045780	GMR INFRA VENTURES PRIVATE LIMITED	Additional director	18/03/2011	18/03/2011	-	Converted to LLP and dissolved	NO
26	U65999KA1992PLC037455	GMR AIRPORTS LIMITED	Director	17/06/2011	31/03/2011	-	Active	NO
27	U85110AP2011PTC076813	AMG HEALTHCARE DESTINATION PRIVATE LIMITED	Additional director	20/02/2012	20/02/2012	-	Active	NO
28	AAA-4468	GMR INFRA VENTURES LLP	Designated Partner	13/04/2011	13/04/2011	-	Active	NO

Name :	Mr. Kiran Kumar Grandhi
Designation :	Director
Address :	No.486/76, 38^th Cross, 1^st Main, 8^th Block, Jayanagar, Bangalore – 560082, Karnataka, India
Date of Birth/Age :	13.09.1975
Date of Appointment :	19.04.2006
DIN No.:	00061669

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Director	05/12/1999	05/12/1999	-	Active	NO
2	U72200KA1993PLC030645	IDEASPACE SOLUTIONS LIMITED	Director	04/08/2001	04/08/2001	19/08/2009	Active	NO
3	U45203KA2001PTC049328	GMR TUNI-ANAKAPALLI EXPRESSWAYS PRIVATE LIMITED	Director	01/09/2001	01/09/2001	30/03/2012	Active	NO
4	U45203KA2001PTC049329	GMR TAMBARAM TINDIVANAM EXPRESSWAYS PRIVATE LIMITED	Director	01/09/2001	01/09/2001	30/03/2012	Active	NO
5	U62100AP2002PLC040118	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED	Director	23/01/2012	29/10/2003	-	Active	NO
6	L28100KA1986PLC049077	PARRYS SUGAR INDUSTRIES LIMITED	Director	26/05/2004	26/05/2004	30/07/2007	Active	NO
7	U80301AP2003NPL042195	GMR VARALAKSHMI FOUNDATION	Director	29/06/2004	29/06/2004	-	Active	NO
8	U62100AP2005PTC045123	GATEWAYS FOR INDIA AIRPORTS PRIVATE LIMITED	Director	12/01/2005	12/01/2005	07/11/2009	Active	NO
9	U67120MH1993PTC207451	GMR HOLDINGS PRIVATE LIMITED	Director	08/05/2005	08/05/2005	-	Active	NO
10	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	01/12/2011	19/04/2006	-	Active	NO
11	U62100AP2006PTC049243	HYDERABAD MENZIES AIR CARGO PRIVATE LIMITED	Director	05/06/2006	05/06/2006	07/02/2007	Active	NO
12	U70100KA2009PTC049046	GKR HOLDINGS PRIVATE LIMITED	Director	04/02/2009	04/02/2009	-	Active	NO
13	U45201AP2008PLC067141	MAS GMR AEROSPACE ENGINEERING COMPANY LIMITED	Director	25/09/2009	26/04/2009	31/01/2012	Active	NO
14	U52599DL2009PTC191963	DELHI DUTY FREE SERVICES PRIVATE LIMITED	Director	07/12/2010	07/10/2009	30/03/2012	Active	NO
15	U60100TN2010PLC074341	TVS GMR AVIATION LOGISTICS LIMITED	Director	29/09/2011	06/05/2010	-	Active	NO
16	U65999KA1992PLC037455	GMR AIRPORTS LIMITED	Director	17/06/2011	09/05/2011	-	Active	NO
17	U45200AP2003PTC041961	KAKINADA SEZ PRIVATE LIMITED	Director	30/08/2011	25/05/2011	-	Active	NO
18	U45203DL2011PTC225560	GMR HIGHWAYS PROJECTS PRIVATE LIMITED	Director	27/09/2011	27/09/2011	24/02/2012	Active	NO
19	U92410KA2008PTC051176	GMR SPORTS PRIVATE LIMITED	Additional director	01/10/2011	01/10/2011	-	Active	NO
20	U45201KA2009PTC050109	GMR HYDERABAD VIJAYAWADA EXPRESSWAYS PRIVATE LIMITED	Additional director	19/11/2011	19/11/2011	-	Active	NO
21	U45200DL2011PLC227902	GMR KISHANGARH UDAIPUR AHMEDABAD EXPRESSWAYS LIMITED	Director	24/11/2011	24/11/2011	-	Active	NO
22	U45203KA2006PLC038379	GMR HIGHWAYS LIMITED	Additional director	03/12/2011	03/12/2011	-	Active	NO
23	U45203KA2009PTC050441	GMR CHENNAI OUTER RING ROAD PRIVATE LIMITED	Additional director	17/01/2012	17/01/2012	-	Active	NO
24	U45203KA2005PTC036773	GMR AMBALA-CHANDIGARH EXPRESSWAYS PRIVATE LIMITED	Additional director	17/01/2012	17/01/2012	-	Active	NO
25	U45209TN2007PLC064863	GMR KRISHNAGIRI SEZ LIMITED	Additional director	20/01/2012	20/01/2012	-	Active	NO
26	U74900KA2008PTC045801	GMR SEZ AND PORT HOLDINGS PRIVATE LIMITED	Additional director	31/03/2012	31/03/2012	-	Active	NO

Name :	Mr. Srinivas Bommidala
Designation :	Director
Address :	No. 309, 3^rd Cross, 2^nd Stage, Devasandra, RMV Extension, Bangalore – 560094, Karnataka, India
Date of Birth/Age :	01.03.1963
Date of Appointment :	19.04.2006
DIN No.:	00061464

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909AP1988PTC009039	BOMMIDALA EXPORTS PRIVATE LIMITED	Director	13/09/1988	13/09/1988	-	Active	NO
2	U51909AP1988PTC009286	BOMMIDALA EXIM PRIVATE LIMITED	Director	22/11/1988	22/11/1988	-	Active	NO
3	U55101AP1985PTC005319	HOTEL SHIVAM INTERNATIONAL PRIVATE LIMITED	Director	02/11/1992	02/11/1992	-	Active	NO
4	U15541AP1993PTC016105	BOMMIDALA TOBACCO EXPORTERS PRIVATE LIMITED	Director	27/12/1993	27/12/1993	-	Active	NO
5	U40105KA1995PLC016942	GMR POWER CORPORATION LIMITED	Director	04/06/1995	04/06/1995	15/10/2007	Active	NO
6	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Director	01/10/2011	10/05/1996	-	Active	NO
7	U23201KA1997PLC032964	GMR VEMAGIRI POWER GENERATION LIMITED	Director	19/04/2006	01/10/2001	15/10/2007	Active	NO
8	U85110KA1996PLC021262	GMR ENERGY LIMITED	Director	20/12/2001	20/12/2001	17/10/2007	Active	NO
9	U80301AP2003NPL042195	GMR VARALAKSHMI FOUNDATION	Director	29/06/2004	29/06/2004	-	Active	NO
10	U67120MH1993PTC207451	GMR HOLDINGS PRIVATE LIMITED	Director	08/05/2005	08/05/2005	-	Active	NO
11	U45203KA2005PTC036773	GMR AMBALA-CHANDIGARH EXPRESSWAYS PRIVATE LIMITED	Director	10/01/2008	14/07/2005	17/01/2012	Active	NO
12	U13100KA2005PTC037308	GMR MINING AND ENERGY PRIVATE LIMITED	Director	23/09/2005	23/09/2005	17/10/2007	Active	NO
13	U16000AP2005PTC047651	BOMMIDALA TOBACCO THRESHERS PRIVATE LIMITED	Director	30/09/2005	30/09/2005	-	Under Process of Striking off	NO
14	U45200KA2005PTC049326	GMR JADCHERLA EXPRESSWAYS PRIVATE LIMITED	Director	10/01/2008	18/10/2005	03/08/2009	Active	NO
15	U45200KA2005PLC049327	GMR POCHANPALLI EXPRESSWAYS LIMITED.	Director	10/01/2008	18/10/2005	14/07/2009	Active	NO
16	U70101KA2006PTC038204	B S R INFRASTRUCTURE PRIVATE LIMITED	Director	10/01/2006	10/01/2006	-	Active	NO
17	U45203KA2006PLC038379	GMR HIGHWAYS LIMITED	Director	10/01/2008	03/02/2006	04/12/2011	Active	NO
18	U40101UR2006PTC031381	GMR (BADRINATH) HYDRO POWER GENERATION PRIVATE LIMITED	Director	17/02/2006	17/02/2006	20/02/2009	Active	NO
19	U45203KA2006PTC038784	GMR ULUNDURPET EXPRESSWAYS PRIVATE LIMITED	Director	10/01/2008	20/03/2006	17/05/2010	Active	NO
20	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Managing director	01/12/2011	19/04/2006	-	Active	NO
21	U62100AP2002PLC040118	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED	Managing director	23/01/2012	08/07/2006	-	Active	NO
22	U45400DL2007PTC163751	DELHI AEROTROPOLIS PRIVATE LIMITED	Director	16/06/2008	18/06/2007	24/05/2010	Active	NO
23	U45209TN2007PLC064863	GMR KRISHNAGIRI SEZ LIMITED	Director	18/08/2008	28/09/2007	-	Active	NO
24	U45400AP2007PLC054827	GMR HYDERABAD AEROTROPOLIS LIMITED	Director	27/06/2008	29/09/2007	-	Active	NO
25	U45203KA2001PTC049329	GMR TAMBARAM TINDIVANAM EXPRESSWAYS PRIVATE LIMITED	Director	03/07/2008	10/01/2008	-	Active	NO
26	U45203KA2001PTC049328	GMR TUNI-ANAKAPALLI EXPRESSWAYS PRIVATE LIMITED	Director	03/07/2008	10/01/2008	-	Active	NO
27	U92410KA2008PTC051176	GMR SPORTS PRIVATE LIMITED	Director	19/02/2008	19/02/2008	-	Active	NO
28	U92412KA2008PTC051177	GMR LEAGUE GAMES PRIVATE LIMITED	Director	07/03/2008	07/03/2008	-	Active	NO
29	U23209AP2005PTC047372	KAKINADA REFINERY AND PETROCHEMICALS PRIVATE LIMITED	Director	22/09/2008	23/06/2008	-	Active	NO
30	U74999KA2009PTC049039	BSR HOLDINGS PRIVATE LIMITED	Director	04/02/2009	04/02/2009	-	Active	NO
31	U74920KA2005PLC036865	RAXA SECURITY SERVICES LIMITED	Director	29/09/2009	10/02/2009	01/02/2010	Active	NO
32	U45201KA2009PTC050109	GMR HYDERABAD VIJAYAWADA EXPRESSWAYS PRIVATE LIMITED	Director	11/06/2009	11/06/2009	19/11/2011	Active	NO
33	U62200KA2006PTC041278	GMR AVIATION PRIVATE LIMITED	Additional director	02/12/2011	20/07/2009	-	Active	NO
34	U45203KA2009PTC050441	GMR CHENNAI OUTER RING ROAD PRIVATE LIMITED	Director	21/07/2009	21/07/2009	17/01/2012	Active	NO
35	U74900KA2008PTC045801	GMR SEZ & PORT HOLDINGS PRIVATE LIMITED	Director	18/08/2010	01/02/2010	11/05/2011	Active	NO
36	U62200AP2008PLC059646	GMR AIRPORT DEVELOPERS LIMITED	Additional director	14/05/2010	14/05/2010	07/09/2010	Active	NO
37	U45200MH1996PTC205984	GMR PROJECTS PRIVATE LIMITED	Director	21/05/2010	21/05/2010	07/09/2010	Active	NO
38	U40100KA2008PTC045783	GMR GUJARAT SOLAR POWER PRIVATE LIMITED	Director	14/07/2011	19/10/2010	-	Active	NO
39	U65999KA1992PLC037455	GMR AIRPORTS LIMITED	Director	17/06/2011	09/05/2011	-	Active	NO
40	U45200AP2003PTC041961	KAKINADA SEZ PRIVATE LIMITED	Director	30/08/2011	25/05/2011	-	Active	NO
41	U45203DL2011PTC225560	GMR HIGHWAYS PROJECTS PRIVATE LIMITED	Director	27/09/2011	27/09/2011	11/11/2011	Active	NO
42	U85110AP2011PTC076813	AMG HEALTHCARE DESTINATION PRIVATE LIMITED	Director	03/10/2011	03/10/2011	-	Active	NO
43	U45200DL2011PLC227902	GMR KISHANGARH UDAIPUR AHMEDABAD EXPRESSWAYS LIMITED	Director	24/11/2011	24/11/2011	-	Active	NO
44	U45201AP2008PLC067141	MAS GMR AEROSPACE ENGINEERING COMPANY LIMITED	Additional director	22/02/2012	22/02/2012	-	Active	NO
45	U52599DL2009PTC191963	DELHI DUTY FREE SERVICES PRIVATE LIMITED	Director	02/07/2012	30/03/2012	-	Active	NO

Name :	Mr. Narayana Rao Kada
Designation :	Director
Address :	104 Durga Vihar, Gunnrock Avenue, Secunderabad – 500015, Andhra Pradesh, India
Date of Birth/Age :	01.04.1955
Date of Appointment :	17.04.2007
DIN No.:	00016262

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L28100KA1986PLC049077	PARRYS SUGAR INDUSTRIES LIMITED	Director	24/01/2007	30/01/2000	29/10/2007	Active	NO
2	U18100AP1990PTC012096	SRI VARALAKSHMI JUTE TWINE MILLS PRIVATE LIMITED	Director	01/09/2003	01/09/2003	19/02/2009	Active	NO
3	L27101AP2006PLC049591	METKORE ALLOYS AND INDUSTRIES LIMITED	Director	23/03/2006	23/03/2006	29/10/2007	Active	NO
4	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Whole-time director	17/04/2010	17/04/2007	-	Active	NO
5	U45400DL2007PTC163751	DELHI AEROTROPOLIS PRIVATE LIMITED	Director	16/06/2008	22/05/2007	-	Active	NO
6	U24233DL2007PTC165308	DELHI AVIATION SERVICES PRIVATE LIMITED	Director	16/06/2008	28/06/2007	27/05/2010	Active	NO
7	U92410KA2008PTC051176	GMR SPORTS PRIVATE LIMITED	Director	18/08/2009	12/04/2008	-	Active	NO
8	U37100DL2005PLC135148	EAST DELHI WASTE PROCESSING COMPANY LIMITED	Director	20/08/2009	08/01/2009	19/01/2011	Active	NO
9	U74999DL2009PTC193079	DELHI AVIATION FUEL FACILITY PRIVATE LIMITED	Director	11/08/2009	11/08/2009	14/09/2009	Active	NO

Name :	Mr. Grandhi Butchi Sanyasi Raju
Designation :	Director
Address :	No.486/76, 38^th Cross, 1^st Main, 8^th Block, Jayanagar, Bangalore – 560082, Karnataka, India
Date of Birth/Age :	26.01.1974
Date of Appointment :	19.04.2006
DIN No.:	00061686

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U85110KA1996PLC021262	GMR ENERGY LIMITED	Director	07/07/2008	20/06/1998	-	Active	NO
2	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Director	12/05/2010	22/05/1999	-	Active	NO
3	U80301AP2003NPL042195	GMR VARALAKSHMI FOUNDATION	Director	29/06/2004	29/06/2004	-	Active	NO
4	U62100AP2005PTC045123	GATEWAYS FOR INDIA AIRPORTS PRIVATE LIMITED	Director	12/01/2005	12/01/2005	07/11/2009	Active	NO
5	U67120MH1993PTC207451	GMR HOLDINGS PRIVATE LIMITED	Director	08/05/2005	08/05/2005	-	Active	NO
6	U67120KA1993PTC032116	GMR ESTATES PRIVATE LIMITED	Director	04/07/2005	04/07/2005	28/09/2007	Active	NO
7	U45203KA2006PLC038379	GMR HIGHWAYS LIMITED	Director	03/02/2006	03/02/2006	06/01/2007	Active	NO
8	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	11/06/2007	19/04/2006	-	Active	NO
9	U62100AP2002PLC040118	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED	Alternate director	08/07/2006	08/07/2006	-	Active	NO
10	U45400DL2007PTC163751	DELHI AEROTROPOLIS PRIVATE LIMITED	Director	16/06/2008	18/06/2007	-	Active	NO
11	U74999KA2007PLC043189	GMR CORPORATE CENTER LIMITED	Director	30/09/2008	18/07/2007	12/01/2009	Active	NO
12	U74920KA2005PLC036865	RAXA SECURITY SERVICES LIMITED	Director	29/09/2008	13/09/2007	10/02/2009	Active	NO
13	U65999KA1992PLC037455	GMR AIRPORTS LIMITED	Director	17/06/2011	11/01/2008	-	Active	NO
14	U23209AP2005PTC047372	KAKINADA REFINERY AND PETROCHEMICALS PRIVATE LIMITED	Director	22/09/2008	23/06/2008	-	Active	NO
15	U40101KA2008PTC047277	GMR COASTAL ENERGY PRIVATE LIMITED	Director	24/07/2008	24/07/2008	-	Active	NO
16	U74999KA2009PTC049040	GBS HOLDINGS PRIVATE LIMITED	Director	04/02/2009	04/02/2009	-	Active	NO
17	U62200KA2006PTC041278	GMR AVIATION PRIVATE LIMITED	Director	29/09/2009	06/04/2009	-	Active	NO
18	U40101KA2007PLC044809	GMR KAMALANGA ENERGY LIMITED	Additional director	08/05/2012	08/05/2012	-	Active	NO

Name :	Mr. Subba Rao Gunuputi
Designation :	Director
Address :	D-168, 1^st Floor, Defence Colony, New Delhi – 110024, Delhi, India
Date of Birth/Age :	15.11.1951
Date of Appointment :	19.04.2006
DIN No.:	00064511

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	11/06/2007	19/04/2006	-	Active	NO
2	U45400DL2007PTC163751	DELHI AEROTROPOLIS PRIVATE LIMITED	Director	16/06/2008	22/05/2007	-	Active	NO
3	U24233DL2007PTC165308	DELHI AVIATION SERVICES PRIVATE LIMITED	Director	16/06/2008	28/06/2007	27/05/2010	Active	NO
4	U92410KA2008PTC051176	GMR SPORTS PRIVATE LIMITED	Director	19/02/2008	19/02/2008	-	Active	NO
5	U92412KA2008PTC051177	GMR LEAGUE GAMES PRIVATE LIMITED	Director	07/03/2008	07/03/2008	-	Active	NO
6	U37100DL2005PLC135148	EAST DELHI WASTE PROCESSING COMPANY LIMITED	Director	20/08/2009	08/01/2009	17/06/2011	Active	NO
7	U40101KA2008PTC048190	GMR LONDA HYDROPOWER PRIVATE LIMITED	Director	16/07/2009	08/01/2009	-	Active	NO
8	U40101HP2008PTC030971	GMR BAJOLI HOLI HYDROPOWER PRIVATE LIMITED	Director	18/07/2009	08/01/2009	-	Active	NO
9	U40101KA2009PTC048996	GMR KAKINADA ENERGY PRIVATE LIMITED	Director	29/01/2009	29/01/2009	-	Active	NO
10	U40101UR2006PTC031381	GMR (BADRINATH) HYDRO POWER GENERATION PRIVATE LIMITED	Director	12/08/2010	13/10/2009	-	Active	NO
11	U40108UR2009PTC032780	BADRINATH HYDRO POWER GENERATION PRIVATE LIMITED	Director	12/08/2010	13/10/2009	-	Active	NO
12	U74200KA2008PTC045448	GMR CONSULTING SERVICES PRIVATE LIMITED	Director	12/08/2010	01/03/2010	-	Active	NO
13	U40109KA2010PLC054554	GMR HOSUR ENERGY LIMITED	Director	22/07/2010	22/07/2010	-	Active	NO
14	U40107KA2010PLC055826	GMR INDO-NEPAL ENERGY LINKS LIMITED	Director	11/11/2010	11/11/2010	-	Active	NO
15	U40107KA2010PLC055843	GMR INDO-NEPAL POWER CORRIDORS LIMITED	Director	12/11/2010	12/11/2010	-	Active	NO

Name :	Mr. Ravela Sri Satya Lakshami Narasimha Bhaskarudu
Designation :	Director
Address :	H. No.2210, Sector D, Pocket – 2, Vasant Kunj, New Delhi, India
Date of Birth/Age :	01.07.1940
Date of Appointment :	18.03.2009
DIN No.:	00058527

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U40101TN2005PLC057117	HARYANA ABAN POWER COMPANY LIMITED	Director	05/08/2005	05/08/2005	20/04/2012	Active	NO
2	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Director	02/09/2005	02/09/2005	-	Active	NO
3	U62100AP2002PLC040118	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED	Director	22/06/2006	15/10/2005	-	Active	NO
4	U40101DL2005PLC141611	COUNTRYWIDE POWER TRANSMISSION LIMITED	Director	17/10/2005	17/10/2005	06/10/2007	Active	NO
5	U27109AP1982GOI003404	RASHTRIYA ISPAT NIGAM LTD	Director	26/04/2006	26/04/2006	25/04/2009	Active	NO
6	L62200DL1998PLC093225	GLOBAL VECTRA HELICORP LIMITED	Director	07/06/2006	07/06/2006	01/05/2012	Active	NO
7	U72200TN2002PLC050086	FATPIPE NETWORKS LIMITED	Director	25/09/2009	01/11/2008	-	Active	NO
8	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	20/08/2009	18/03/2009	-	Active	NO
9	U65999KA1992PLC037455	GMR AIRPORTS LIMITED	Director	17/06/2011	09/05/2011	-	Active	NO

Name :	Mr. Varun Bajpai
Designation :	Director
Address :	91, Rushabh Apartments, Opposite Harikisandas Hospital Prathna Samaj, Near Opera House, Mumbai-400040, Maharashtra, India
Date of Birth/Age :	12.03.1976
Date of Appointment :	25.07.2011
Date of Cessation :	25.10.2011
DIN No.:	00058339
Name :	Mr. Bashir Ahmed Bin Abdul Majid
Designation :	Director
Address :	No.17, Jalan Pju, 3/416 C, Damansara Indah, resort Homes, Petaling Jaya, Selangor, Malaysia – 47410
Date of Birth/Age :	20.06.1946
Date of Appointment :	19.04.2006
DIN No.:	01563213

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U62100AP2002PLC040118	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED	Director	29/10/2003	29/10/2003	Active	NO
2	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	19/04/2006	19/04/2006	Active	NO

Name :	Mr. Christoph Hans Nanke
Designation :	Director
Address :	Bebheimer Garden 7, Trebur, Germany-65468
Date of Birth/Age :	05.08.1966
Date of Appointment :	18.03.2009
DIN No.:	01710668

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	20/08/2009	23/07/2007	-	Active	NO
2	U45203KA2006PTC039141	FRAPORT AIRPORT OPERATIONS INDIA PRIVATE LIMITED	Director	01/05/2008	01/05/2008	30/05/2010	Strike off	NO

Name :	Mr. Alok Sinha
Designation :	Director
Address :	20B, Sector 14-A, Noida, Uttar Pradesh, India
Date of Birth/Age :	15.10.2009
Date of Appointment :	15.10.2009
DIN No.:	02669682

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U62200DL1985GOI022233	PAWAN HANS HELICOPTERS LIMITED	Nominee director	16/08/2011	25/05/2009	12/01/2012	Active	NO
2	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	18/06/2010	15/10/2009	-	Active	NO
3	U45200MH2006PTC160164	MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	22/07/2010	23/10/2009	-	Active	NO

Name :	Mr. Sudhir Raheja
Designation :	Director
Address :	E-8, Bali Nagar, New Delhi-110015, India
Date of Birth/Age :	16.06.1958
Date of Appointment :	25.10.2010
DIN No.:	02745768

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U63013CH2010GOI031999	CHANDIGARH INTERNATIONAL AIRPORT LIMITED	Director	28/01/2010	28/01/2010	Active	NO
2	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	24/08/2011	25/10/2010	Active	NO
3	U45200MH2006PTC160164	MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	28/07/2011	28/10/2010	Active	NO

Name :	Mr. Vedamuthu Somasundaram
Designation :	Director
Address :	Flat No.5025, Sector B, Pocket 7, Vasantkunj, New Delhi-110017, India
Date of Birth/Age :	03.09.1955
Date of Appointment :	01.06.2011
DIN No.:	03574882

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U45203KA2001PLC028418	BANGALORE INTERNATIONAL AIRPORT LIMITED	Director appointed in casual vacancy	23/05/2011	23/05/2011	Active	NO
2	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	24/08/2011	01/06/2011	Active	NO
3	U62100AP2002PLC040118	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED	Director	22/08/2011	16/06/2011	Active	NO
4	U63033MH2007PTC177090	NATIONAL FLYING TRAINING INSTITUTE PRIVATE LIMITED	Director	30/09/2011	20/06/2011	Active	NO
5	U63013CH2010GOI031999	CHANDIGARH INTERNATIONAL AIRPORT LIMITED	Nominee director	07/07/2011	07/07/2011	Active	NO
6	U45200MH2006PTC160164	MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED	Director	26/07/2012	28/07/2011	Active	NO

Name :	Mr. Faizah Binti Khairuddin
Designation :	Alternate Director
Address :	No.3, Jalan Bidai U8/13E, Bukit Jelutong, Shah Alam, Selangor-40150, Malaysia
Date of Birth/Age :	20.09.1967
Date of Appointment :	15.10.2009
DIN No.:	02768997
Name :	Mr. Bangaru Raju Obbilisetty
Designation :	Director
Address :	No.249, 4^th Cross, 6^th Main, 4^th Phase, J. P. Nagar Dollars Colony, Bengaluru-560078, Karnataka, India
Date of Birth/Age :	21.12.1956
Date of Appointment :	16.09.2007
DIN No.:	00082228

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U45203KA2001PTC049328	GMR TUNI-ANAKAPALLI EXPRESSWAYS PRIVATE LIMITED	Director	11/10/2007	01/09/2001	Active	NO
2	U45203KA2001PTC049329	GMR TAMBARAM TINDIVANAM EXPRESSWAYS PRIVATE LIMITED	Managing director	01/04/2009	01/09/2001	Active	NO
3	U45203KA2005PTC036773	GMR AMBALA-CHANDIGARH EXPRESSWAYS PRIVATE LIMITED	Director	10/08/2009	11/11/2005	Active	NO
4	U45400DL2007PTC163751	DELHI AEROTROPOLIS PRIVATE LIMITED	Director	16/06/2008	18/06/2007	Active	NO
5	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Alternate director	16/09/2007	16/09/2007	Active	NO
6	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Director	19/08/2008	18/10/2007	Active	NO
7	U45203KA2006PLC038379	GMR HIGHWAYS LIMITED	Managing director	29/09/2008	16/06/2008	Active	NO
8	U45200KA2005PTC049326	GMR JADCHERLA EXPRESSWAYS PRIVATE LIMITED	Director	10/08/2009	12/07/2008	Active	NO
9	U45203KA2006PTC038784	GMR ULUNDURPET EXPRESSWAYS PRIVATE LIMITED	Director	10/08/2009	12/07/2008	Active	NO
10	U45200KA2005PLC049327	GMR POCHANPALLI EXPRESSWAYS LIMITED.	Director	10/08/2009	12/07/2008	Active	NO
11	U45201KA2009PTC050109	GMR HYDERABAD VIJAYAWADA EXPRESSWAYS PRIVATE LIMITED	Director	11/06/2009	11/06/2009	Active	NO
12	U45203KA2009PTC050441	GMR CHENNAI OUTER RING ROAD PRIVATE LIMITED	Director	21/07/2009	21/07/2009	Active	NO
13	U45203DL2011PTC225560	GMR HIGHWAYS PROJECTS PRIVATE LIMITED	Director	27/09/2011	27/09/2011	Active	NO
14	U45200DL2011PLC227902	GMR KISHANGARH UDAIPUR AHMEDABAD EXPRESSWAYS LIMITED	Director	24/11/2011	24/11/2011	Active	NO

Name :	Mr. Ansgar Sickert
Designation :	Director
Address :	K-80, Hauz Khas Enclave, New Delhi, India
Date of Birth/Age :	22.10.1966
Date of Appointment :	18.03.2009
DIN No.:	02290086

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U45203KA2006PTC039141	FRAPORT AIRPORT OPERATIONS INDIA PRIVATE LIMITED	Director	01/05/2008	01/05/2008	Strike off	NO
2	U63033DL2006PTC146936	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED	Alternate director	18/03/2009	18/03/2009	Active	NO

KEY EXECUTIVES

Name :	Mr. Lalit Satija
Designation :	Secretary
Address :	47, 1^st Floor, Bank Enclave, Laxmi Nagar, Delhi-110092, India
Date of Birth/Age :	26.07.1970
Date of Appointment :	24.01.2011
PAN No.:	AKRPS6711M

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 24.08.2011

Names of Shareholders	No. of Shares
GMR Infrastructure Limited, Karnataka	245000000
GMR Energy Limited, Karnataka	245000000
GMR Airports Holding Limited, Karnataka	833000000
Airports Authority of India, Delhi	637000000
Fraport A G Frankfurt Airport Services Worldwide, Germany	245000000
Malaysiya Airports (Mauritius) Private Limited, Mauritius	245000000
TOTAL	2450000000

AS ON 24.08.2011

Equity Shares Break Up	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	20.00
Bodies corporate	80.00
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Providing of Airport maintenance services and repairing services.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Axis Bank Limited, Central Office, Capital Markets Department, 11^th Floor, F Wing, Maker Tower, Cuffe Parade, Mumbai-400005, Maharashtra, India

· Canara Bank, Prime Corporate Branch, No.1, DDA Building, 1^st Floor, Nehru Place, New Delhi-110019, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Rupee term loans secured
Rupee term loans banks secured	37286.300	42844.400
Rupee term loans financial institutions secured	7500.000	7500.000
Other external commercial borrowings secured	15799.000	16044.800
TOTAL	60585.300	66389.200
NOTES: (A) (1) Out of above, Rs 52299.000 Millions have been secured by pari passu charge on all the revenues and receivables of the Company and all the rights, titles, interests, permits in respect of the project documents as detailed in the lenders agreements, to the extent permissible under OMDA and further secured by the pledge of shares of GMR Infrastructure Limited, GMR Energy Limited, GMR Airports Holding Company Limited (Erstwhile GVL Investments Private Limited), Malaysia Airports (Mauritius) Private Limited and Fraport AG Frankfurt Airport Services Worldwide, (shareholders of the company). Loan of Rs 8286.300 Millions is secured against Development fund receipts. (2) There are no loans repayable within one year except development fee loan. Development fee loan is repayable based on actual development fee receipts. (B) (1) Out of above, Rs 52524.800 Millions have been secured by pari passu charge on all the revenues and receivables of the Company and all the rights, titles, interests, permits in respect of the project documents as detailed in the lenders agreements, to the extent permissible under OMDA and further secured by the pledge of shares of GMR Infrastructure Limited, GMR Energy Limited, GMR Airports Holding Company Limited (Erstwhile GVL Investments Private Limited), Malaysia Airports (Mauritius) Private Limited and Fraport AG Frankfurt Airport Services Worldwide, (shareholders of the company). Loan of Rs 13864.400 Millions is secured against Development fund receipts. (2) There are no loans repayable within one year except development fee loan. Development fee loan is repayable based on actual development fee receipts.
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Working capital loans unsecured
Working capital loans banks unsecured	6000.000	4400.000
Working capital loans others unsecured	21297.600	14949.800
TOTAL	27297.600	19349.800
NOTES (A) It indicates Deposits from trade concessionaires and commercial property developers.

Banking Relations :	--
Auditors :
Name :	Brahmayya And Company Chartered Accountant
Address :	‘Khivraj Mansion’, 10/2, Kasturba Road, Bangalore-560001, Karnataka, India
PAN No.:	AAAFB9147R
Name :	S.R. Batlliboi and Associates Chartered Accountant
Address :	6^th Floor, H T House, 18-20, Kasturba Gandhi Marg, New Delhi – 110001, Delhi, India
Tel. No.:	91-40-66246600
PAN No.:	AABFS3421N
Holding Company :	Gmr Infrastructure Limited CIN No.:- L45203KA1996PLC034805
Enterprises which are Joint Ventures Company :	Travel Food Services (Delhi Terminal 3) Private Limited CIN No.:- U55101DL2009PTC196639 Devyani Food Street Private Limited CIN No.:- U55101DL2009PTC193995 Delhi Select Service Hospitality Private Limited CIN No.:- U55101DL2009PTC192897 Delhi Duty Free Services Private Limited CIN No.:- U52599DL2009PTC191963 Wipro Airport IT Services Limited CIN No.:- U72200KA2009PLC051272 Delhi Airport Parking Services Private Limited CIN No.:- U63030DL2010PTC198985 TIM Delhi Airport Advertising Private Limited CIN No.:- U74999DL2010PTC203419 Celebi Delhi Cargo Terminal Management India Private Limited CIN No.:- U74900DL2009FTC191359 Delhi Cargo Service Center Private Limited CIN No.:- U74900DL2009PTC196125 Delhi Aviation Services Private Limited CIN No.:- U24233DL2007PTC165308
Subsidiaries :	Delhi Aerotropolis Private Limited CIN No.:- U45400DL2007PTC163751 East Delhi Waste Processing Company Private Limited CIN No.:- U37100DL2005PTC135148 Delhi Aviation Fuel Facility Private Limited CIN No.:- U74999DL2009PTC193079

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
3000000000	Equity Shares	Rs.10/- each	Rs. 30000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2450000000	Equity Shares	Rs.10/- each	Rs. 24500.000 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		24500.000	12000.000	12000.000
2] Share Application Money		0.000	12500.000	12500.000
3] Reserves & Surplus		0.000	823.900	625.0000
4] (Accumulated Losses)		(3678.100)	0.000	0.000
NETWORTH		20821.900	25323.900	25125.000
LOAN FUNDS
1] Secured Loans		60585.300	66389.200	34276.300
2] Unsecured Loans		27297.600	19349.800	7153.900
TOTAL BORROWING		87882.900	85739.000	41430.200
DEFERRED TAX LIABILITIES		0.000	275.600	303.000
TOTAL		108704.800	111338.500	66858.200
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		102852.800	28891.400	21230.500
Capital work-in-progress		1955.800	73336.800	43583.700
INVESTMENT		3011.000	9429.200	555.600
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	27.200	47.100	42.200
	Sundry Debtors	2169.900	1761.100	786.300
	Cash & Bank Balances	2900.900	1465.900	330.300
	Other Current Assets	8219.900	1373.900	764.000
	Loans & Advances	4290.200	4123.200	2280.000
Total Current Assets		17608.100	8771.200	4202.800
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	10326.500	2858.200	1901.400
	Other Current Liabilities	4978.700	4488.800	787.900
	Provisions	1417.700	1743.100	25.100
Total Current Liabilities		16722.900	9090.100	2714.400
Net Current Assets		885.200	(318.900)	1488.400
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		108704.800	111338.500	66858.200

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income From Services	12431.500	11532.700	9476.200
		Other Income	185.200	185.600	104.800
		Annual Fee to Airport Authority of India	(5772.700)	(5389.200)	(4406.300)
		TOTAL (A)	6844.000	6329.100	5174.700
Less	EXPENSES
		Personnel Expenses	1393.400	1016.600	2052.600
		Operating Expenses	2776.500	1835.000	1458.200
		Administration and Other Expenses	1450.800	849.900	942.300
		TOTAL (B)	5620.700	3701.500	4453.100
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1223.300	2627.600	721.600
Less	FINANCIAL EXPENSES (D)		3317.300	1292.900	538.700
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(2094.000)	1334.700	182.900
Less/ Add	DEPRECIATION/ AMORTISATION (F)		2683.600	1166.400	525.200
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(4777.600)	168.300	(342.300)
Less	TAX (H)		(275.600)	(30.600)	(107.400)
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(4502.000)	198.900	(234.900)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		823.900	625.000	859.900
	BALANCE CARRIED TO THE B/S		(3678.100)	823.900	625.000
	EARNINGS IN FOREIGN CURRENCY
		Aeronautical Income	20.200	26.100	27.000
		Revenue from Concessionaires	773.200	987.900	847.300
	TOTAL EARNINGS		793.400	1014.000	874.300
	IMPORTS
		Capital Goods	330.800	1192.000	737.900
	TOTAL IMPORTS		330.800	1192.000	737.900
	Earnings / (Loss) Per Share (Rs.)		(3.57)	0.17	(0.33)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(65.78)	3.14	(4.54)
Net Profit Margin (PBT/Sales)	(%)	(38.43)	1.46	(3.61)
Return on Total Assets (PBT/Total Assets}	(%)	(3.97)	0.45	(1.35)
Return on Investment (ROI) (PBT/Networth)		(0.24)	0.01	(0.01)
Debt Equity Ratio (Total Liability/Networth)		5.02	3.76	1.77
Current Ratio (Current Asset/Current Liability)		1.05	0.96	1.55

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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 three 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)	Yes
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
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

NATURE OF OPERATIONS

Subject was incorporated on March 1, 2006 for managing the operations and modernization of the Indira Gandhi International Airport (‘Delhi Airport’). GMR Infrastructure Limited along with its subsidiaries holds majority shareholding of the Company. DIAL had entered into Operation, Management and Development Agreement (‘OMDA’) with Airports Authority of India (‘AAI’), which gives DIAL an exclusive right to operate, maintain, develop, modernise and manage the Delhi Airport on a revenue sharing model for an initial term of 30 years, which can be extended by another 30 years on satisfaction of certain terms and conditions pursuant to the provisions of OMDA.

FINANCE

The total debt for the project comprises of Rupee Term Loan to the extent of Rs.36500.000 Millions, ECB of US$ 350 million equivalent to Rs.16160.000 Millions and first phase of Development Fees (DF) of Rs.18270.000 Millions. The Company has concluded the entire disbursements for the project except the proposed Additional Development Fees of Rs.17930.000 Millions which is pending with Airports Economic Regulatory Authority of India (AERA) for approval. The Company has availed short term loans to the extent of Rs.4500.000 Millions pending approval and securitization of Additional Development Fees of Rs.17930.000 Millions. In March’2011, the Company allotted 125 Crore Equity Shares of Rs.10/- each, at par to the shareholders of the Company on rights basis, against the shareholders advance of Rs.12500.000 Millions, thereby increasing the paid up share capital to Rs.24500.000 Millions.

Three Public Interest Litigation’s (PIL’s) were filed in Delhi High Court challenging the levy of DF by the Company which were later dismissed by Hon’ble High Court of Delhi. The matter went in appeal before Supreme Court and on April 26, 2011, the Hon’ble Supreme Court passed its judgment on the matter and allowed the appeals with some directions. In terms of the judgment, the Company has to account to the Airports Authority of India (AAI) the DF collected till April 26, 2011 and AAI would ensure that the DF levied and collected by the Company has been utilized purely for the purpose of financing the costs of up gradation, expansion or development of IGI Airport. It was further directed that any DF that may be levied and collected by the Company after April 26, 2011 under the authority of order passed by AERA, shall be credited to the AAI and would be utilized for the purpose of financing the costs of up gradation, expansion or development of IGI Airport or other specified purposes

under Section 22A of the Airports Authority of India Act, 1994 in the manner to be prescribed by the rules which should be made as early as possible.

Further, in response to a PIL challenging the Public Notice dated April 23, 2010 issued by AERA, Hon’ble High Court of Delhi passed an Order on June 1, 2011, which held that:

AERA’s Public Notice dated April 23, 2010 allowing levy and collection of DF was only an ad-hoc order/direction

Petitioners had adequate and efficacious alternative remedy to appeal before the AERA Appellate Tribunal under Section 18(2) of the AERA Act.

Till the application for stay is dealt with by the AERA Appellate Tribunal, the Public Notice dated April 23, 2010 shall not be given effect to (i.e. no levy and collection of DF from embarking passengers at IGI Airport from June 1, 2011).

SUBSIDIARIES

The Company had two subsidiaries as on March 31, 2011 - Delhi Aerotropolis Private Limited and East Delhi Waste Processing Company Private Limited. During the year, DIAL Cargo Private Limited (now Delhi Aviation Services Private Limited) ceased to be the subsidiary of the Company.

Delhi Aerotropolis Private Limited

During the year, Delhi Aerotropolis Private Limited, has not undertaken any activity.

East Delhi Waste Processing Company Private Limited

East Delhi Waste Processing Company Private Limited (EDWPCL) was incorporated as a special purpose vehicle for establishment of 10 MW power project using 1300 tons of city garbage coming up at Ghazipur, National Capital Territory of Delhi.

However, based on the review of the technical teams on the project, the management of EDWPCL was of the opinion that due to various constraints associated with the project, it was coherent to exit from the aforesaid project in accordance with the terms of the bid documents with no loss or with least possible loss.

The Company had signed a Project Implementation and Shareholders Agreement and Share Purchase Agreement in October’ 2010, interalia with IL and FS Energy Development Company Limited (IL and FS), to divest Company‘s equity shareholding in East Delhi Waste Processing Company Private Limited (EDWPCL) in one more tranches in accordance with the terms of the transaction/bid documents. The management and execution of the project would now be undertaken by IL and FS.

JOINT VENTURES

For providing better services to the passengers through a superior control over the business operations, and also for maximizing the value, the Company has joined as a Joint Venture (JV) Partner for key business areas like Duty Free, Cargo, Food and Beverage, IT services, Vehicle Parking Facilities, Fuel Farm, Advertisement and Bridge Mounted Equipments. Accordingly, the Company has taken equity stake ranging from 26% to 50% depending on the nature and size of the business, in the 11 JVs floated for the above said businesses. So far, the Company has invested about Rs.1820.000 Millions towards Equity Capital / Share Application money in the said 11 JVs. One of the Cargo JVs, i.e. Celebi Delhi Cargo Terminal Management India Private Limited had already commenced the operations of international cargo in November’2009. All other JVs commenced business operations during the current financial year 2010-11.

FORM 8

Corporate identity number of the company	U63033DL2006PTC146936
Name of the company	DELHI INTERNATIONAL AIRPORT PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	New Udaan Bhawan, Terminal 1B, Opposite ATC Complex, International Terminal, I G I Airport, New Delhi-110037, India
This form is for	Creation of charge
Type of charge	· Others DF Trust and Retention Account
Particular of charge holder	Canara Bank, Prime Corporate Branch, No.1, DDA Building, 1^st Floor, Nehru Place, New Delhi-110019, India
Nature of instrument creating charge	Deed of Hypothecation dated March 30, 2012, executed by Delhi International Airport (Private) Limited (in its capacity as the borrower) in favor of Canara Bank as DF Lender for creating a first charge on DF Trust and Retention Account and the amounts lying in or to the credit of the DF Trust and Retention Account on pari passu basis with ICICI Bank and Central Bank of India
Date of instrument Creating the charge	30.03.2012
Amount secured by the charge	Rs. 5000.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest BBB plus and below up to BBB Minus- 11.74% p.a. A- and above up to A+ - 11.50% p.a. AA- and above - 11.35% p.a. Terms of repayment Financial Year % Repayment FY 2012 5% FY 2013 20% FY 2014 35% FY 2015 40% Margin Nil Extent and operation of the charge Perfect First charge on the DF TRA Account and the amounts lying in or to the credit of the Trust and Retention Account as per the rules and the Trust and Retention Account on pari-passu basis with ICICI Bank and Central Bank of India.
Short particulars of the property charged (Including location of the property)	DF TRA Account and the amounts lying in or to the credit of the DF TRA Account in ICICI Bank as per the rules and the DF TRA Account on Pari-passu basis with ICICI Bank and Central Bank.

FIXED ASSETS

· Buildings

· Plant and Machinery

· Office Equipments

· Furniture and Fixtures

· Vehicles

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. 55.47
UK Pound	1	Rs. 86.60
Euro	1	Rs. 68.66

INFORMATION DETAILS

Report Prepared by :

DPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	3
--RESERVES	1~10	--
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		30

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.