MIRA INFORM REPORT

Report Date :

07.08.2012

IDENTIFICATION DETAILS

Name :	TRANSSTROY (INDIA) LIMITED
Registered Office :	D. No. 8-14-28, Tobacco Colony, Guntur-522001, Andhra Pradesh.
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	21.06.2001
Com. Reg. No.:	01-036905
Capital Investment/ Paid-up Capital:	Rs.1201.377 Millions
CIN No.: [Company Identification No.]	U45203AP2001PLC036905
TAN No.: [Tax Deduction & Collection Account No.]	HYDT01098G
PAN No.: [Permanent Account No.]	AABCT4226B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Construction Activity
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 21100000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory. It has recorded an increase in its sales turnover and profitability during 2011. Trade relations are reported as decent. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions

NOTES:

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

ECGC Country Risk Classification List – June 30, 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	Crisil
Rating	BB+
Rating Explanation	Moderate risk of default
Date	11.08.2011

Rating Agency Name	Crisil
Rating	A4+
Rating Explanation	Minimal degree of safety and very high credit risk
Date	11.08.2011

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 :	D. No. 8-14-28, Tobacco Colony, Guntur-522001, Andhra Pradesh, India.
Tel. No.:	91-40-23734788/23734544
Fax No.:	91-40-23734766
E-Mail :	transstroy_il@rediffmail.com
Corporate Office :	House No. 8-3-833/104, Main Road, Kamalapuri Colony, Hyderabad-500073, Andhra Pradesh, India.
Tel. No.:	91-40-23734544/23734788
Fax No.:	91-40-23734766
E-Mail :	transstroy_il@rediffmail.com
Branch :	C-1/20, Pandara Park, Near Khan Market, New Delhi-110003, India
Tel. No.:	91-11-23388272/23782602
Fax No.:	91-11-23388252

DIRECTORS

As on 29.09.2011

Name :

Cherukuri Sridhar

Designation :

Managing Director

Address :

8-2-68412, Flat No 106, Rock Levez Apartment, Gulmohar Avenue, Road No. 12, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India

Date of Birth/Age :

29.04.1966

Date of Appointment :

29.06.2004

Din No.:

01594408

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	U45203AP2001PLC036905	TRANSSTROY (INDIA) LIMITED	Managing director	31/10/2011	29/06/2004	-	Active	NO
2	U45203AP2010PTC068672	TRANSSTROY TIRUPATI - TIRUTHANI - CHENNAI TOLLWAYS PRIVATE LIMITED	Nominee director	31/05/2010	31/05/2010	-	Active	NO
3	U45203AP2010PTC068897	Transstroy Trichy - Karaikudi Tollways Private Limited	Nominee director	10/06/2010	10/06/2010	-	Active	NO
4	U45203AP2010PTC068896	Transstroy Dindigul-Theni-Kumli Tollways private Limited	Nominee director	10/06/2010	10/06/2010	-	Active	NO
5	U45203AP2010PTC068974	Transstroy Karnataka - Kerala -Kannur Tollways Private Limited	Nominee director	16/06/2010	16/06/2010	-	Active	NO
6	U45203AP2010PTC071130	TRANSSTROY BHOPAL BYPASS TOLLWAYS PRIVATE LIMITED	Nominee director	10/11/2010	10/11/2010	-	Active	NO
7	U40107AP2010PTC068345	KAKATIYACRYSTALS POWER (INDIA) PRIVATE LIMITED	Director	11/03/2011	11/03/2011	-	Active	NO
8	U45203AP2011PTC075087	TRANSSTROY KRISHNAGIRI-TINDIVANAM HIGHWAYS PRIVATE LIMITED	Nominee director	21/06/2011	21/06/2011	-	Active	NO
9	U40100AP2011PTC076662	TRANSSTROY POWER PROJECTS PRIVATE LIMITED	Director	22/09/2011	22/09/2011	-	Active	NO
10	U45209AP2012PLC078462	TRANSSTROY ROAD PROJECTS LIMITED	Nominee director	09/01/2012	09/01/2012	-	Active	NO
11	U45209AP2012PTC078649	TRANSSTROY BHOPAL-BIAORA TOLLWAYS PRIVATE LIMITED	Nominee director	19/01/2012	19/01/2012	-	Active	NO
12	U45209AP2012PTC079269	TRANSSTROY OBEDULLAGANJ-BETUL TOLLWAYS PRIVATE LIMITED	Nominee director	21/02/2012	21/02/2012	-	Active	NO
13	U45203AP2012PTC080609	TRANSSTROY ANANDAPURAM-VISAKAPATNAM-ANAKAPALLI TOLLWAYS PRIVATE LIMITED	Nominee director	30/04/2012	30/04/2012	-	Active	NO
14	U45203AP2012PTC080608	TRANSSTROY HOSKOTE-DOBBASPET TOLLWAYS PRIVATE LIMITED	Nominee director	30/04/2012	30/04/2012	-	Active	NO
15	U40109AP2012PTC080735	TRANSSTROY-JSC EC UES-JV PRIVATE LIMITED	Nominee director	04/05/2012	04/05/2012	-	Active	NO
16	U45203AP2012PTC081559	TRANSSTROY BHOPAL-BERASIA-SIRONJ TOLLWAYS PRIVATE LIMITED	Nominee director	20/06/2012	20/06/2012	-	Active	NO

Name :

Mrs. R. Leela Kumari

Designation :

Whole Time Director

Address :

H. No. 6-3-900/6-9, Flat No. 203, Venu Cast, Durga Nagar, Hyderabad-500016, Andhra Pradesh, India.

Date of Birth/Age :

07.04.1950

Date of Appointment :

15.01.2004

Din No.:

01791897

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	U45203AP2001PLC036905	TRANSSTROY (INDIA) LIMITED	Whole-time director	16/10/2009	15/01/2004	-	Active	NO
2	U15143AP1985PTC005572	GURUPRAKASAM COTTON AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	30/07/2004	30/07/2004	18/05/2012	Active	NO

Name :

Malineni Sambasiva Rao

Designation :

Director

Address :

F No 10 1, Vishnunivas Apartment Jayaprakash Nagar, yellareddyguda Hyderabad-500073, Andhra Pradesh, India

Date of Birth/Age :

12.08.1962

Date of Appointment :

26.03.2010

Din No.:

01656407

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	U40109AP1998PTC030802	VANI POWER PROJECTS PRIVATE LIMITED	Director	20/11/2000	20/11/2000	13/02/2008	Active	NO
2	U45203AP2001PLC036905	TRANSSTROY (INDIA) LIMITED	Director	29/09/2010	26/03/2010	-	Active	NO
3	U45203AP2010PTC068672	TRANSSTROY TIRUPATI - TIRUTHANI - CHENNAI TOLLWAYS PRIVATE LIMITED	Director	28/09/2011	28/08/2010	-	Active	NO
4	U45203AP2010PTC068974	Transstroy Karnataka - Kerala -Kannur Tollways Private Limited	Director	28/09/2011	28/08/2010	-	Active	NO
5	U45203AP2010PTC068897	Transstroy Trichy - Karaikudi Tollways Private Limited	Director	28/09/2011	21/09/2010	-	Active	NO
6	U45203AP2010PTC068896	Transstroy Dindigul-Theni-Kumli Tollways private Limited	Director	28/09/2011	21/09/2010	-	Active	NO
7	U45203AP2010PTC071130	TRANSSTROY BHOPAL BYPASS TOLLWAYS PRIVATE LIMITED	Nominee director	10/11/2010	10/11/2010	-	Active	NO
8	U40107AP2010PTC068345	KAKATIYACRYSTALS POWER (INDIA) PRIVATE LIMITED	Director	10/02/2011	10/02/2011	-	Active	NO
9	U45203AP2011PTC075087	TRANSSTROY KRISHNAGIRI-TINDIVANAM HIGHWAYS PRIVATE LIMITED	Nominee director	21/06/2011	21/06/2011	-	Active	NO
10	U45400AP2011PTC075493	UNIQUE INFRA ENGINEERS & EDIFICES PRIVATE LIMITED	Director	13/07/2011	13/07/2011	13/10/2011	Active	NO
11	U40100AP2011PTC076662	TRANSSTROY POWER PROJECTS PRIVATE LIMITED	Director	22/09/2011	22/09/2011	-	Active	NO
12	U45209AP2012PLC078462	TRANSSTROY ROAD PROJECTS LIMITED	Nominee director	09/01/2012	09/01/2012	-	Active	NO
13	U45209AP2012PTC078649	TRANSSTROY BHOPAL-BIAORA TOLLWAYS PRIVATE LIMITED	Nominee director	19/01/2012	19/01/2012	-	Active	NO
14	U45209AP2012PTC079269	TRANSSTROY OBEDULLAGANJ-BETUL TOLLWAYS PRIVATE LIMITED	Nominee director	21/02/2012	21/02/2012	-	Active	NO
15	U45203AP2012PTC080609	TRANSSTROY ANANDAPURAM-VISAKAPATNAM-ANAKAPALLI TOLLWAYS PRIVATE LIMITED	Nominee director	30/04/2012	30/04/2012	-	Active	NO
16	U45203AP2012PTC080608	TRANSSTROY HOSKOTE-DOBBASPET TOLLWAYS PRIVATE LIMITED	Nominee director	30/04/2012	30/04/2012	-	Active	NO
17	U45203AP2012PTC081559	TRANSSTROY BHOPAL-BERASIA-SIRONJ TOLLWAYS PRIVATE LIMITED	Nominee director	20/06/2012	20/06/2012	-	Active	NO

Name :

Mr. Suresh Chand Gupta

Designation :

Director

Address :

20, Shir Ram Road, Civil Lines Delhi - 110054 India

Date of Birth/Age :

18.02.1954

Date of Appointment :

29.09.2011

Din No.:

00541198

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	U65999MH1996GOI098009	BOB CAPITAL MARKETS LIMITED	Director	29/07/2006	29/07/2006	20/12/2007	Active	NO
2	U85110KA1995PLC018175	U A E EXCHANGE AND FINANCIAL SERVICES LIMITED	Additional director	18/03/2011	27/09/2009	19/09/2011	Active	NO
3	L65910DL1986GOI024862	POWER FINANCE CORPORATION LIMITED	Director	25/02/2010	25/02/2010	-	Active	NO
4	U65923MH2009PTC198201	Union KBC Asset Management Company Private Limited	Director	31/05/2011	16/09/2010	-	Active	NO
5	U45203AP2001PLC036905	TRANSSTROY (INDIA) LIMITED	Director	29/09/2011	27/08/2011	-	Active	NO

Name :

Rajasekhara Reddy

Designation :

Director

Address :

No. 12 & 13, 5'" Main, Siddivinayaka Layout Kodigehalli,Bangalore-560097, Karnataka, India

Date of Birth/Age :

15.08.1950

Date of Appointment :

29.09.2011

Din No.:

02339668

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	U65910AP1991PLC012376	ANDHRA BANK FINANCIAL SERVICES LIMITED	Director	25/09/2008	02/08/2008	26/12/2008	Active	NO
2	U65923MH2009PTC197957	India Factoring and Finance Solutions Private Limited	Director	28/04/2012	30/07/2011	-	Active	NO
3	U45203AP2001PLC036905	TRANSSTROY (INDIA) LIMITED	Director	29/09/2011	01/09/2011	-	Active	NO
4	U45209AP2012PLC078462	TRANSSTROY ROAD PROJECTS LIMITED	Nominee director	09/01/2012	09/01/2012	-	Active	NO
5	U40101AP1995PLC021459	LANCO KONDAPALLI POWER LIMITED	Additional director	01/02/2012	01/02/2012	-	Active	NO
6	U67190KA2009PTC051891	Azure Capital Advisors Private Limited	Additional director	15/03/2012	15/03/2012	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

Names of Shareholders	No. of Shares
Sridhar Cherukuri	67053295
Vani Cherukuri	14910000
Hema Latha Cherukuri	11740000
R. Leela Kumari	30584432
G.Kanakaiah	195000
G.Mamgiah	85000
B. Satyanarayan Prasad	370000
Total	124937727

As on 29.09.2011

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction Activity

GENERAL INFORMATION

Supplier:

· Ruthwik Associates

· A.S. Associates

· Vijaya Engineering

No. of Employees :

Not Available

Bankers :

· UCO Bank, Flagship Corporate Branch, 6-3-1108, Ground Floor, Navbharat Chambers, Raj Bhavan Road, Somajiguda, Hyderabad-500082, Andhra Pradesh, India.

· Bank of Baroda, CFS Hyderabad Branch, 3-6-262/6, Tirumala Estates, 3^rd Floor, Himayatnagar, Hyderabad – 500029, Andhra Pradesh, India

Facilities :

Rs. In Millions

SECURED LOAN	31.03.2011	31.03.2010
Rupee term loans banks secured	3107.272	545.820
Rupee term loans others secured	1303.633	600.543
Working capital loans banks secured	2419.280	1475.084
Finance lease obligation long-term secured	13.788	46.121
Total	6843.973	2667.568

Financial institution	SREI Equipment Private Limited, “Vishwakrma” 86 C, Topsia Road, Kolkata – 700046, West Bengal, India
Auditors :
Name :	B.V. Rao Associates Chartered Accountant
Address :	DNO 6-20-18, 10th Lane, 1st Cross Road, Arundelpet, Guntur, Andhra Pradesh, India. 522002
Pan No.: :	AAFFB4259H
Associates/Subsidiaries :	Transstroy Tirupati - Tiruthani – Chennai Tollways Private Limited CIN No.: U45203AP2010PTC068672 Transstroy Dindigul-Theni-Kumli Tollways private Limited CIN No.:U45203AP2010PTC068896 Transstroy Trichy - Karaikudi Tollways Private Limited CIN No.:U45203AP2010PTC068897 Transstroy Karnataka – Kerala -Kannur Tollways Private Limited CIN No.:U45203AP2010PTC068974 Transstroy Bhopal Bypass Tollways Private Limited CIN No.:U45203AP2010PTC071130 Transstroy Karnataka - Kerala -Kannur Tollways Private Limited CIN No.: U45203AP2010PTC068974

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
125000000	Equity Share	Rs.10/- each	Rs.1250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
120137727	Equity Share	Rs.10/- each	Rs.1201.377 Millions

After 29.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
130000000	Equity Share	Rs.10/- each	Rs.1300.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
129255909	Equity Share	Rs.10/- each	Rs.1292.559 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		1201.377	464.711	464.710
2] Share Application Money		0.000	660.000	0.000
3] Reserves & Surplus		4069.835	1923.520	1048.253
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		5271.212	3048.231	1512.963
LOAN FUNDS
1] Secured Loans		6843.973	2667.568	1439.177
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		6843.973	2667.568	1439.177
DEFERRED TAX LIABILITIES		74.359	35.737	19.626
TOTAL		12189.544	5751.536	2971.766
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3212.267	1254.478	763.750
Capital work-in-progress		243.379	0.000	0.000
INVESTMENT		1571.782	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2812.487	1751.102	902.538
	Sundry Debtors	4015.215	2805.268	1686.817
	Cash & Bank Balances	1164.605	710.969	3.366
	Other Current Assets	28.374	20.672	658.264
	Loans & Advances	3213.444	1276.606	0.000
Total Current Assets		11234.125	6564.617	3250.985
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2968.474	1672.497	887.524
	Other Current Liabilities	901.793	197.227	155.445
	Provisions	201.742	197.835	0.000
Total Current Liabilities		4072.009	2067.559	1042.969
Net Current Assets		7162.116	4497.058	2208.016
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		12189.544	5751.536	2971.766

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	15398.191	10223.456	5812.373
		Other Income	0.000	0.000	6.709
		TOTAL (A)	15398.191	10223.456	5819.082
Less	EXPENSES
		Consumption materials changes inventories	8684.126	5083.914
		Contract cost	4070.112	3163.909
		Employee related expenses	220.594	96.468
		Administrative selling other expenses	256.389	383.793
		TOTAL (B)	13231.221	8728.084	4869.505
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2166.970	1495.372	949.577
Less	FINANCIAL EXPENSES (D)		669.375	326.303	282.866
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1497.595	1169.069	666.711
Less/ Add	DEPRECIATION/ AMORTISATION (F)		92.101	55.129	43.343
Less	Prior period items before tax		5.987	33.249	0.000
	PROFIT BEFORE TAX (E-F) (G)		1399.507	1080.691	623.368
Less	TAX (I)		326.525	205.424	77.174
	PROFIT AFTER TAX (G-I) (J)		1072.982	875.267	546.193
	Earnings Per Share (Rs.)		8.59	NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	6.97	8.56	9.40
Net Profit Margin (PBT/Sales)	(%)	9.09	10.57	10.72
Return on Total Assets (PBT/Total Assets}	(%)	9.69	13.82	15.53
Return on Investment (ROI) (PBT/Networth)		0.27	0.04	0.41
Debt Equity Ratio (Total Liability/Networth)		2.07	1.55	1.64
Current Ratio (Current Asset/Current Liability)		2.76	3.18	3.12

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report [Yes/No]
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoters background	Yes
No. of Employees	Yes
Name of Person Contacted	No
Designation of contact person	No
Turnover of firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-
Estimation for coming financial year	-
Capital the business	Yes
Details of sister concerns	Yes
Major Suppliers	Yes
Major Customers	No
Payment Terms	No
Export / Import Details [If Applicable]	No
Market Information	-
Litigations that the firm / promoter involved in	-
Banking Details	Yes
Banking Facility Details	Yes
Conduct of the banking account	-
Buyer visit details	-
Financials, if provided	Yes
Incorporation details, if applicable	Yes
Last accounts filed at ROC	Yes
Major Shareholders, if applicable	Yes
PAN of Proprietor/Partner/Director, if available	No
Passport No of Proprietor/Partner/Director, if available	No
Voter ID No of Proprietor/Partner/Director, if available	No

NOTE: The Registered office of the company has been shifted from D. No. 8-24-42, Tobacco Colony, Guntur-522001, Andhra Pradesh, India to the present address (w.e.f.27.08.2011)

FINANCIAL RESULTS

The company, as a holding company, operates in three different verticals – highways (i.e., roads & bridges), energy and irrigation through subsidiary and associate companies. During the year under review, the company commenced the Engineering, Procurement and Construction (EPC) business as a separate operating division mainly to cater to the requirements for implementing the projects undertaken by the subsidiaries. This strategy would enable the company to insulate the risks associated with third party contractor, ease in accessing funds, servicing debt through operating revenues, enhancement of project management, procurement and construction skills, reinforce risk management processes, better cost management besides enhancing the synergies and operational advantages thereof. The company’s revenue, expenditure and results of operation are presented through consolidated financial statements and the details given below show both the consolidated and standalone financial results

The total revenues of your company on standalone basis have gone up by 50.55% from Rs.10,204.32 Million to Rs.15,362.64 Million. EBITDA has grown by 44.91% as compared to the previous year from Rs.1,495.37 Million to Rs.2,166.97 Million. PAT has gone up by 22.59% from Rs.875.27 Million to Rs.1,072.98.

FORM 8

Corporate identity number of the company	U45203AP2001PLC036905
Name of the company	RANSSTROY (INDIA) LIMITED
Address of the registered office or of the principal place of business in India of the company	D. No. 8-14-28, Tobacco Colony, Guntur-522001, Andhra Pradesh, India. Email: transstroy_il@rediffmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10138405
Type of charge	· Immovable property · Book debts · Movable property (not being pledge)
Particular of charge holder	UCO Bank, Flagship Corporate Branch, 6-3-1108, Ground Floor, Navbharat Chambers, Raj Bhavan Road, Somajiguda, Hyderabad-500082, Andhra Pradesh, India. Email: ucofcchyd@gmail.com
Nature of instrument creating charge	Deposit of Title Deed Letter of second parri passu charge over fixed assets received from the UCO Bank
Date of instrument Creating the charge	19.06.2012
Amount secured by the charge	Rs. 1450.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest TL -BPLR+1.50%p.a presently 16.50%p.a monthly rests CC-At the existing rate @BPLR+1.00%p.a i.e 16.00%p.a at present, with monthly rests. BG-50% of the applicable commision LC-As per guidelines Term of Payment: CC- On Demand BG- Maximum 3yrs including claim period LC - on Demand Margin CC-25% on Stocks& 25% on Book Debts (upto 90days) for which drawing power should be allowed Book Debts for more than 90days will not be considered for the purpose of DP. BG- 10% (enhanced from 5%) in cash/ duly discharged FDR's with lien noted in favour of the Bank. LC- 10% (existing terms) at the time of issue of the ILC/FLC by way of FDR with lien noted in favor of the Bank. Extent and operation of the charge To the Extent of Rs. 1450.000 Millions Primary Security : TL-Exclusive Charge on plant and machinery proposed to be acquired out of bank finance. CC:Pari Passu charge by way of Hyp.on the entire stocks of Inventory, receivables, bills and other chargeable current assets of the company(both present and future) with other member banks in MBA. BG/ ILC: i.Exclusive First charge by way of Hyp.of the Company's entire stocks of RM & FG purchased out of Foreign/ Inland letter of Credit issued by UCO Bank Others: ii.Extension of Charge on Current Assets. iii. Bills under letter Collateral Security: As mentioned in the Short particulars
Short particulars of the property charged (Including location of the property)	Term Loan-Exclusive Charge on Plant and Machinery acquired out of bank Finance CC, BG, LC -1.Exclusive equitable mortgage of residential site with posh duplex building with D.No 3-28-18/166,TS No.1724/2, assessed no.3784/A, Old Ward No.18, Block No.21, Chowdarypet, 5th Lane, Rajendranagar, Opp.Ladies polytechnic gate, Ring Road, Guntur 2.Exclusive equitable mortgage of residential flat bearing No.105 first floor, Vaishnavi's Bunglaw No.14, House No. 7-2-1791 in survey No.60 part, situated Czech Colony, Sanath Nagar, Fathenagar, Hyderabad 3.Second Floor, Bearing Municipal No. 8-2-293/82/A/61/1 on Plot No60& 61A in survey No.403/1(old) & 120 (new) of shaikpet Village and 102/1 of Hakimpet village, situated within the approved layout of jubilee Hills, Co- operative House Building Society Limited, Road No. 1 & 5, Jubilee Hills, Hyderabad sale deed No.s 2196/10 dated 18.06.10, 2193/10 dated 18.06.2010, 2194/10 dated 18.06.2010, 2195/10 dated 18.06.2010 (4 in Nos) 4.First Floor bearing Municipal No. 8-2-293/82/A/61/1 on Plot No.60 & 61A in Survey No. 403/1 (old) &120 (new) of shaikpet village and 102/1 of Hakimpet village, situated within the approved layout of jubilee Hills, Co- operative House Building Society Limited, Road No.1&5, Jubilee Hills, Hyderabad sale deed Nos 2440/10 dated 07.07.10, 2441/10 dt 07.07.2010 5.Personal Guarantee of Smt R.Leela Kumari, Sri Ch Sridhar and Smt B.Lakshmi Sujatha, Mortgage of Property situated at GHMC No.8-2-293/82/J-III/212/F, consisting of Ground,1 and 2nd Floors on Plot no.212-F-III, in Sy.No.403/1(Old)120(New) of Shaikpet(V)&102/1 of Hakimpet(V)admeasuring 683 Sq.Yds. or 571 Sq.Mts and bounded by North:91.15 Mts.(30ft) Road no.76 branch,South:Plot No 217&218 East:9.15 Mts (30ft)Road no.76 branch West:Plot No.212-G, Situated at Jubilee Hills, Hyderabad. Second pari passu Charge over the Fixed assets in favour of our working capital loans.
Date of last modification prior to the present modification	26.07.2010
Particulars of the present modification	There is no Change in the existing Limit of Rs.1450.000 Millions The Company has extended security by creating second pari passu charge over the fixed assets of the company in favour of the working capital loans granted by the UCO bank.

Fixed Assets:

• Land
• Buildings
• Plant and Machinery
• Electrical Installation
• Office Equipments
• Computers

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.86.61
Euro	1	Rs.68.66

INFORMATION DETAILS

Report Prepared by :

BYI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		47

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.