MIRA INFORM REPORT

Report Date :

21.02.2012

IDENTIFICATION DETAILS

Name :	ACB (INDIA) LIMITED
Formerly Known as :	ARYAN COAL BENEFICATIONS PRIVATE LIMITED
Registered Office :	C-102, Lower Ground Floor, New Multan Nagar, Surya Enclave, New Delhi – 110056
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	14.03.1997
Com. Reg. No.:	55-085837
Capital Investment / Paid-up Capital :	Rs.2380.057 Millions
CIN No.: [Company Identification No.]	U10102DL1997PLC085837
TAN No.: [Tax Deduction & Collection Account No.]	DELA06285G
PAN No.: [Permanent Account No.]	AABCA0043K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company is engaged in Coal beneficiation and allied activities and energy generation.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 48000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – 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 :	C-102, Lower Ground Floor, New Multan Nagar, Surya Enclave, New Delhi – 110056, India
Tel. No.:	91-11-25291566/67
Fax No.:	91-11-25291567
E-Mail :	legal.secretarial@acbindia.com
Corporate Office :	7^th Floor, Corporate Tower, Ambience Mall, N.H. -8, Gurgaon – 122001, Haryana, India
Tel. No.:	91-124-2719000
Fax No.:	91-124-2719185
E-Mail :	corporate@acbindia.com
Regional Offices :	Located at : · Bilaspur · Maharashtra · Bangalore
Power Plants :	Located at : · Chhattisgarh
Coal Beneficiation Plants :	Located at : · Chhattisgarh · Maharashtra · Orissa · Andhra Pradesh

DIRECTORS

As on 30.09.2011

Name :

Mr. Rudra Sen Sindhu

Designation :

Whole-time director

Address :

23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India

Date of Birth/Age :

02.02.1956

Date of Appointment :

14.03.1997

DIN No.:

00006999

Other Directorship :

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
U34102DL1989PLC034982	Sainik Mining and Allied Services Limited	Director	8/02/1989	8/02/1989	-	Active	NO
U74899DL1989PTC038064	Kapil Constructions Private Limited	Director	3/09/1990	3/09/1990	-	Active	NO
L26912DL1991PLC045449	Sainik Finance and Industries Limited	Director	1/10/2009	22/08/1991	-	Active	NO
L51909DL1984PLC019623	Sindhu Trade Links Limited	Director	10/05/1993	10/05/1993	-	Amalgamated	NO
U74899DL1994PTC057823	Garuda Resorts Private Limited	Director	9/03/1994	9/03/1994	-	Active	NO
U67120HR1992PTC034972	Indus Portfolio Private Limited	Director	28/04/1995	28/04/1995	-	Active	NO
U10102DL1997PLC085837	ACB (India) Limited	Managing director	23/12/2011	14/03/1997	-	Active	NO
U29246DL1999PLC098656	Global Minetec Limited	Director	4/03/1999	4/03/1999	10/02/2010	Active	NO
U40102DL2001PTC134230	Aryan Energy Private Limited	Director	23/02/2001	23/02/2001	-	Active	NO
U24292DL1979PLC148278	Rajasthan Explosives and Chemicals Limited	Director	27/03/2001	27/03/2001	17/05/2010	Active	NO
U45201DL2002PTC117866	Sindhu Realtors Private Limited	Director	2/12/2002	2/12/2002	-	Active	NO
U45201DL2003PTC120004	Malcha Properties Private Limited	Director	24/04/2003	24/04/2003	13/04/2009	Active	NO
U29199DL2003PTC122193	Aryan Clean Coal Technologies Private Limited	Director	10/09/2003	10/09/2003	-	Active	NO
U26933DL2003PTC122982	Sainik Logistics Private Limited	Director	7/11/2003	7/11/2003	4/09/2009	Active	NO
U10101OR2004PTC007476	Kalinga Coal Mining Private Limited	Director	30/01/2004	30/01/2004	-	Active	NO
U74140DL2004PTC127124	Shyam Indus Power Solutions Private Limited	Director	24/06/2004	24/06/2004	31/03/2009	Active	NO
U72200DL2002PTC115521	Secure Synergy Private Limited	Director	15/02/2005	15/02/2005	1/04/2009	Active	NO
U10102MP2005PTC017818	M.P. Sainik Coal Mining Private Limited	Managing director	22/07/2005	22/07/2005	-	Active	NO
U27102CT2003PTC015761	Aryan Ispat and Power Private Limited	Director	27/02/2006	27/02/2006	9/04/2011	Active	NO
U10200DL2002PTC115155	Kartikay Coal Washeries Private Limited	Director	27/02/2006	27/02/2006	-	Active	NO
U74899DL1988PTC033107	Bhagirathi Overseas Private Limited	Director	21/04/2006	21/04/2006	-	Active	NO
U10200DL2006PTC152380	Sainik Potash Private Limited	Director	23/08/2006	23/08/2006	6/11/2009	Active	NO
U10300DL2007PTC157593	Avani Mining Private Limited	Director	9/01/2007	9/01/2007	27/02/2009	Active	NO
U40102DL2008PTC177940	Aryan M.P.Power Generation Private Limited	Director	9/05/2008	9/05/2008	-	Active	NO
U40102DL2008PTC177939	Aryan Chhattisgarh Power Generation Private Limited	Director	9/05/2008	9/05/2008	-	Active	NO
U70109DL2008PTC178340	Rudra Sen and Bros JV Projects Private Limited	Director	19/05/2008	19/05/2008	-	Active	NO
U10100DL2008PTC178373	Divyashree Company Private Limited	Director	21/05/2008	21/05/2008	5/08/2011	Active	NO
U10102DL1998PTC094328	Global Coal and Mining Private Limited	Nominee director	21/10/2011	30/06/2008	-	Active	NO
U40109DL2006PLC155618	Trn Energy Limited	Director	3/08/2009	3/08/2009	-	Active	NO
U45400DL2009PTC194576	Indus Infra Built Private Limited	Director	23/09/2009	23/09/2009	-	Active	NO
U74920DL2003PTC122984	Black Angels Security Services Private Limited	Additional director	30/09/2009	30/09/2009	5/10/2009	Active	NO
U10101DL2003PTC122765	Sarvesh Coaltech Private Limited	Director	30/09/2010	2/11/2009	-	Active	NO
U41000DL2010PTC198469	Aryan Eestech India Private Limited	Director	29/01/2010	29/01/2010	-	Active	NO
U40101DL2010PLC206025	ACB (India) Power Limited	Director	20/07/2010	20/07/2010	-	Active	NO
U80900DL2010PTC207128	Indus Edumanagement Services Private Limited	Director	16/08/2010	16/08/2010	-	Active	NO
U45400DL2010PTC207148	Indus Infra Development Private Limited	Director	17/08/2010	17/08/2010	-	Active	NO
U74140DL2011PTC217453	Param Mitra Associates Private Limited	Director	13/04/2011	13/04/2011	-	Active	NO
U64204DL2007PTC163105	Hari Bhoomi Communications Private Limited	Additional director	15/09/2011	15/09/2011	-	Active	NO
U74899DL1994PTC062495	Paramitra Holdings Private Limited	Additional director	3/12/2011	3/12/2011	-	Active	NO

Name :

Mr. Ganesh Chandra Mrig

Designation :

Director

Address :

898, Sector -14, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

10.03.1937

Date of Appointment :

14.03.1997

DIN No.:

00025932

Other Directorship :

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
U10102DL1997PLC085837	ACB (India) Limited	Director	30/09/2011	14/03/1997	10/12/2011	Active	NO
L02710CT1990PLC009826	Monnet Ispat and Energy Limited	Director	30/06/1997	30/06/1997	-	Active	NO
L51909DL1984PLC019623	Sindhu Trade Links Limited	Director	1/04/2000	1/04/2000	-	Amalgamated	NO
L26912DL1991PLC045449	Sainik Finance and Industries Limited	Director	20/09/2000	20/09/2000	12/11/2011	Active	NO
U40102DL2001PTC134230	Aryan Energy Private Limited	Director	23/02/2001	23/02/2001	10/12/2011	Active	NO
U10200DL2002PTC115155	Kartikay Coal Washeries Private Limited	Director	30/04/2002	30/04/2002	10/12/2011	Active	NO
L51909DL1985PLC020779	Pragati Vanijaya Limited	Director	13/05/2002	13/05/2002	10/12/2011	Active	NO
U27102CT2003PTC015761	Aryan Ispat and Power Private Limited	Managing director	1/04/2010	28/04/2003	9/04/2011	Active	NO
U29199DL2003PTC122193	Aryan Clean Coal Technologies Private Limited	Managing director	10/09/2003	10/09/2003	31/03/2010	Active	NO
U74140DL2004PTC127124	Shyam Indus Power Solutions Private Limited	Director	1/01/2006	1/01/2006	31/03/2009	Active	NO
U40102DL2008PTC177940	Aryan M.P.Power Generation Private Limited	Director	9/05/2008	9/05/2008	10/12/2011	Active	NO
U40102DL2008PTC177939	Aryan Chhattisgarh Power Generation Private Limited	Director	9/05/2008	9/05/2008	10/12/2011	Active	NO
U10102DL1998PTC094328	Global Coal and Mining Private Limited	Director	29/09/2008	30/06/2008	30/09/2011	Active	NO
U40109DL2006PLC155618	TRN Energy Limited	Director	3/08/2009	3/08/2009	10/12/2011	Active	NO
U40101DL2010PLC206025	ACB (India) Power Limited	Director	20/07/2010	20/07/2010	10/12/2011	Active	NO
U31908DL2009PTC196042	Lucent Energy Company Private Limited	Director appointed in casual vacancy	22/09/2011	22/09/2011	-	Active	NO
U10100DL2011PTC215186	Gurunanak Coal and Power Private Limited	Director	12/12/2011	12/12/2011	-	Active	NO
U40107AP2002PLC039991	Vayunandana Power Limited	Director	11/02/2012	31/01/2012	-	Active	NO

Name :

Capt. Kuldeep Singh Solanki

Designation :

Director

Address :

B-9/16, Vasant Vihar, New Delhi – 110057, India

Date of Birth/Age :

02.01.1956

Date of Appointment :

19.12.1997

DIN No.:

00009212

Other Directorship :

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
U65999DL1985PLC021355	Maneesha Finlease Limited	Director	8/03/1994	8/03/1994	-	Active	NO
L26912DL1991PLC045449	Sainik Finance and Industries Limited	Director	27/03/1997	27/03/1997	-	Active	NO
U33201DL1997PTC087357	Global Opticals Private Limited	Director	19/05/1997	19/05/1997	-	Active	NO
U10102DL1997PLC085837	ACB (India) Limited	Director	19/12/1997	19/12/1997	-	Active	NO
U29246DL1999PLC098656	Global Minetec Limited	Director	4/03/1999	4/03/1999	-	Active	NO
U74999DL2000PTC105299	Blastec (India) Private Limited	Director	18/04/2000	18/04/2000	1/07/2010	Active	NO
U01111DL2000PTC106057	Global Greenearth Private Limited	Director	2/06/2000	2/06/2000	-	Active	NO
U24292DL1979PLC148278	Rajasthan Explosives and Chemicals Limited	Managing director	20/06/2000	20/06/2000	17/05/2010	Active	NO
U10102DL2001PTC112639	Sainik Coal Washery Private Limited	Director	3/10/2001	3/10/2001	-	Active	NO
U24292DL2000PTC107710	Emul Tek Private Limited	Director	10/11/2001	10/11/2001	8/10/2010	Active	NO
U72200DL2002PTC115521	Secure Synergy Private Limited	Director	23/10/2002	23/10/2002	1/04/2009	Active	NO
U34102DL1989PLC034982	Sainik Mining and Allied Services Limited	Managing director	1/04/2010	11/12/2002	-	Active	NO
U74930DL2003PTC119715	Virtual House Keeping Private Limited	Director	2/04/2003	2/04/2003	-	Active	NO
U29199DL2003PTC122193	Aryan Clean Coal Technologies Private Limited	Director	10/09/2003	10/09/2003	-	Active	NO
U74920DL2003PTC122984	Black Angels Security Services Private Limited	Additional director	15/02/2010	7/11/2003	25/02/2010	Active	NO
U10101OR2004PTC007476	Kalinga Coal Mining Private Limited	Managing director	10/02/2009	30/01/2004	-	Active	NO
U15432DL2004PTC127027	Jagganath Tirupati Sugar (India) Private Limited	Director	21/06/2004	21/06/2004	-	Active	NO
U74899DL1980PTC010426	Ex-Servicemen Black Gold Transporters India Private Limited	Director	25/10/2004	25/10/2004	-	Amalgamated	NO
U74899DL1994PTC057823	Garuda Resorts Private Limited	Director	28/10/2004	28/10/2004	-	Active	NO
U10102MP2005PTC017818	M.P. Sainik Coal Mining Private Limited	Director	22/07/2005	22/07/2005	-	Active	NO
U10102DL1998PTC094328	Global Coal and Mining Private Limited	Director	14/04/2006	14/04/2006	-	Active	NO
U26933DL2003PTC122982	Sainik Logistics Private Limited	Director	26/06/2006	26/06/2006	-	Active	NO
U10200DL2006PTC152380	Sainik Potash Private Limited	Director	23/08/2006	23/08/2006	-	Active	NO
U10300DL2007PTC157593	Avani Mining Private Limited	Director	9/01/2007	9/01/2007	27/03/2009	Active	NO
U24119OR1974PLC000616	Orichem Limited	Director	3/05/2007	3/05/2007	-	Active	NO
U40102DL2008PTC177940	Aryan M.P.Power Generation Private Limited	Director	9/05/2008	9/05/2008	-	Active	NO
U40102DL2008PTC177939	Aryan Chhattisgarh Power Generation Private Limited	Director	9/05/2008	9/05/2008	-	Active	NO
U40109DL2006PLC155618	TRN Energy Limited	Director	3/08/2009	3/08/2009	-	Active	NO
U40101DL2010PLC206025	ACB (India) Power Limited	Director	20/07/2010	20/07/2010	-	Active	NO
U13209DL2010PTC206651	Rajasthan Khanij and Ispat Udyog Private Limited	Director	4/08/2010	4/08/2010	6/04/2011	Active	NO

Name :

Mr. Vir Sen Sindhu

Designation :

Managing director

Address :

1, Garud Nagar, Gevra Project, Korba – 492452, Chhattisgarh, India

Date of Birth/Age :

03.12.1960

Date of Appointment :

14.03.1997

DIN No.:

00034773

Other Directorship :

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
U74899DL1989PTC034756	Vivek Transporters (Ex Servicemen) Private Limited	Director	27/01/1989	27/01/1989	-	Dissolved	NO
U74899DL1994PTC063166	Garuda Imaging and Diagnostic Private Limited	Director	2/12/1994	2/12/1994	-	Amalgamated	NO
U67120HR1992PTC034972	Indus Portfolio Private Limited	Director	28/04/1995	28/04/1995	-	Active	NO
U10102DL1997PLC085837	ACB (India) Limited	Managing director	30/09/2011	14/03/1997	-	Active	NO
L26912DL1991PLC045449	Sainik Finance and Industries Limited	Director	17/12/1999	17/12/1999	29/12/2011	Active	NO
L51909DL1984PLC019623	Sindhu Trade Links Limited	Director	5/08/2000	5/08/2000	10/07/2010	Amalgamated	NO
U01111HR1989PTC030527	Sindhu Farms Private Limited	Director	18/10/2000	18/10/2000	-	Active	NO
U40102DL2001PTC134230	Aryan Energy Private Limited	Director	13/08/2001	13/08/2001	-	Active	NO
L51909DL1985PLC020779	Pragati Vanijaya Limited	Director	13/05/2002	13/05/2002	-	Active	NO
U34102DL1989PLC034982	Sainik Mining and Allied Services Limited	Managing director	1/04/2011	11/12/2002	-	Active	NO
U27102CT2003PTC015761	Aryan Ispat and Power Private Limited	Director	28/04/2003	28/04/2003	28/05/2011	Active	NO
U74899DL1994PTC057823	Garuda Resorts Private Limited	Director	28/10/2004	28/10/2004	-	Active	NO
U10102MP2005PTC017818	M.P. Sainik Coal Mining Private Limited	Director	22/07/2005	22/07/2005	-	Active	NO
U40102DL2008PTC177940	Aryan M.P.Power Generation Private Limited	Director	9/05/2008	9/05/2008	-	Active	NO
U40102DL2008PTC177939	Aryan Chhattisgarh Power Generation Private Limited	Director	9/05/2008	9/05/2008	-	Active	NO
U40109DL2006PLC155618	TRN Energy Limited	Director	3/08/2009	3/08/2009	-	Active	NO
U29199DL2003PTC122193	Aryan Clean Coal Technologies Private Limited	Director	30/09/2010	1/04/2010	-	Active	NO
U40101DL2010PLC206025	ACB (India) Power Limited	Director	20/07/2010	20/07/2010	-	Active	NO
U01119DL2003PTC120866	Mitter Sen Agrofarms Private Limited	Director	27/01/2011	27/01/2011	21/02/2011	Active	NO
U74140DL2011PTC217453	Param Mitra Associates Private Limited	Director	13/04/2011	13/04/2011	-	Active	NO
U45201DL2006PTC146733	Four Corner Developers Private Limited	Director	30/09/2011	28/04/2011	-	Active	NO
U74899DL2000PTC105646	Indus Compuquest Private Limited	Director	30/09/2011	4/07/2011	-	Active	NO
U10102DL1998PTC094328	Global Coal and Mining Private Limited	Nominee director	21/10/2011	21/10/2011	-	Active	NO
U74899DL1994PTC062495	Paramitra Holdings Private Limited	Additional director	3/12/2011	3/12/2011	-	Active	NO

Name :

Vrit Pal Sindhu

Designation :

Whole-time director

Address :

23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India

Date of Birth/Age :

05.02.1965

Date of Appointment :

01.03.2005

DIN No.:

00033480

Other Directorship :

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
U74899DL1994PTC063166	Garuda Imaging and Diagnostic Private Limited	Director	2/12/1994	2/12/1994	-	Amalgamated	NO
L65910DL1993PLC177643	Uttaranchal Finance Limited	Director	28/08/2001	28/08/2001	-	Amalgamated	NO
U01111HR1989PTC030527	Sindhu Farms Private Limited	Director	1/09/2001	1/09/2001	-	Active	NO
U74899DL1994PTC057823	Garuda Resorts Private Limited	Director	28/10/2004	28/10/2004	-	Active	NO
U10102DL1997PLC085837	ACB (India) Limited	Whole-time director	30/09/2011	1/03/2005	-	Active	NO
U04520CT2005PTC017721	Global Estates and Developers Private Limited	Director	17/06/2005	17/06/2005	-	Active	NO
U70101DL2006PTC145262	S3h Reality Private Limited	Director	7/02/2006	7/02/2006	-	Active	NO
U10102MP2005PTC017818	M.P. Sainik Coal Mining Private Limited	Director	15/06/2006	15/06/2006	-	Active	NO
U45400DL2007PTC166686	S Three H Builders Private Limited	Additional director	1/11/2007	1/11/2007	-	Active	NO
U45400DL2007PTC166728	Sthreeh Buildcon Private Limited	Additional director	1/11/2007	1/11/2007	-	Active	NO
U10102DL1998PTC094328	Global Coal and Mining Private Limited	Nominee director	21/10/2011	30/06/2008	-	Active	NO
U27102CT2003PTC015761	Aryan Ispat and Power Private Limited	Nominee director	30/09/2011	10/10/2008	-	Active	NO
U70102CT2008PTC020945	Chhatisgarh Land and Building Developers Private Limited	Director	26/11/2008	26/11/2008	-	Active	NO
U29199DL2003PTC122193	Aryan Clean Coal Technologies Private Limited.	Director	30/09/2010	1/04/2010	-	Active	NO
U40106DL2010PTC202694	Shyam Indus Solar Power Private Limited	Director	14/05/2010	14/05/2010	-	Active	NO
U40106DL2010PTC204828	Indus Sor Urja Private Limited	Director	25/06/2010	25/06/2010	-	Active	NO
U40102DL2001PTC134230	Aryan Energy Private Limited	Director	30/09/2010	28/06/2010	-	Active	NO
U40101DL2010PLC206025	ACB (India) Power Limited	Director	20/07/2010	20/07/2010	-	Active	NO
U40200DL2010PTC207258	Shyam Indus Urja Private Limited	Director	18/08/2010	18/08/2010	-	Active	NO
U40106DL2010PTC207477	Shyam Indus Energy Private Limited	Director	24/08/2010	24/08/2010	-	Active	NO
U40106DL2010PTC207571	Shyam Indus Hydel Power Private Limited	Director	26/08/2010	26/08/2010	-	Active	NO
U40102DL2008PTC177939	Aryan Chhattisgarh Power Generation Private Limited	Director	30/09/2011	24/12/2010	-	Active	NO
U40102DL2008PTC177940	Aryan M.P.Power Generation Private Limited	Director	30/09/2011	24/12/2010	-	Active	NO
U34102DL2011PTC216811	Indus Automobiles Private Limited	Director	31/03/2011	31/03/2011	-	Active	NO
U51109WB2007PTC117282	Amanat Agencies Private Limited	Director	21/07/2011	21/07/2011	-	Active	NO

Name :

Mr. Niten Malhan

Designation :

Nominee director

Address :

112/122, A Wing, Sarnath Building, Warden Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

02.08.1971

Date of Appointment :

30.11.2006

DIN No.:

00614624

Other Directorship :

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
U74899DL1992PTC049022	Lemon Tree Hotels Private Limited	Director	29/09/2006	26/07/2006	-	Active	NO
U55101DL2002PTC118179	Citrus Hotels Private Limited	Director	29/09/2006	26/07/2006	28/08/2009	Active	NO
U55101DL2005PTC138835	Spank Hotels Private Limited	Director	29/09/2006	26/07/2006	-	Active	NO
L17110GJ1931PLC000454	Sintex Industries Limited	Director	30/11/2006	30/11/2006	30/11/2007	Active	NO
U10102DL1997PLC085837	Acb (India) Limited	Nominee director	30/11/2006	30/11/2006	-	Active	NO
U29199DL2003PTC122193	Aryan Clean Coal Technologies Private Limited	Nominee director	30/11/2006	30/11/2006	10/05/2011	Active	NO
U10200DL2002PTC115155	Kartikay Coal Washeries Private Limited	Nominee director	30/11/2006	30/11/2006	10/05/2011	Active	NO
U40102DL2001PTC134230	Aryan Energy Private Limited	Nominee director	30/11/2006	30/11/2006	10/05/2011	Active	NO
U27102CT2003PTC015761	Aryan Ispat And Power Private Limited	Nominee director	30/11/2006	30/11/2006	10/05/2011	Active	NO
U22210GJ1981PTC047207	Writers And Publishers Private Limited	Nominee director	6/12/2006	6/12/2006	29/11/2007	Active	NO
L22210GJ1995PLC047208	D.B. Corp Limited	Additional director	28/09/2011	12/12/2006	-	Active	NO
U74140MH2004PTC145467	Warburg Pincus India Private Limited	Managing director	1/01/2007	1/01/2007	-	Active	NO
U55101DL2006PTC144533	Meringue Hotels Private Limited	Director	26/09/2007	26/03/2007	28/08/2009	Active	NO
U10100AP1996PLC054238	Spectrum Coal and Power Limited	Nominee director	13/04/2007	13/04/2007	10/05/2011	Active	NO
U25111MH2007PTC172456	Atc Tires Private Limited	Director	29/08/2007	29/08/2007	-	Active	NO
L74899DL1988PLC033314	Punj-Lloyd Limited	Director	28/07/2008	31/10/2007	-	Active	NO
L31900DL1983PLC016304	Havells India Limited	Director	11/07/2008	26/11/2007	-	Active	NO
U40102DL2008PTC177940	Aryan M.P.Power Generation Private Limited	Director	9/05/2008	9/05/2008	10/05/2011	Active	NO
U40102DL2008PTC177939	Aryan Chhattisgarh Power Generation Private Limited	Director	9/05/2008	9/05/2008	10/05/2011	Active	NO
U73100MH2000PLC192798	Metropolis Healthcare Limited	Nominee director	28/09/2010	2/07/2010	-	Active	NO
U40101DL2010PLC206025	ACB (India) Power Limited	Director	20/07/2010	20/07/2010	10/05/2011	Active	NO
U40109MP2006PLC019008	D B Power Limited	Nominee director	26/04/2011	26/04/2011	-	Active	NO
U40100MP2008PLC020903	DB Power (Madhya Pradesh) Limited	Nominee director	26/04/2011	26/04/2011	-	Active	NO
U40100MP2010PTC023554	Diliigent Power Private Limited	Nominee director	26/04/2011	26/04/2011	-	Active	NO

Name :

Mr. Harish Ahuja

Designation :

Director

Address :

22, Amrita Shergill Marg, New Delhi – 110003, India

Date of Birth/Age :

10.09.1995

Date of Appointment :

28.03.2011

DIN No.:

00047548

Other Directorship :

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
U74899DL1983PTC014926	KM Properties and Investments Private Limited	Director	30/08/1989	30/08/1989	-	Active	NO
U74899DL1981PTC012629	Shanra India Private Limited	Director	30/10/1989	30/10/1989	-	Active	NO
U74899DL1990PTC041436	AAA Real Estate Private Limited	Director	10/09/1990	10/09/1990	11/02/2009	Active	NO
U28998DL1983PTC015720	Delhi Brass and Metal Works Private Limited	Director	10/02/1992	10/02/1992	-	Active	NO
U74899DL1991PTC046033	Imperial Estates Private Limited	Director	4/05/1994	4/05/1994	-	Active	NO
U74899DL1991PTC046022	Express Distributors Private Limited	Director	4/05/1994	4/05/1994	-	Active	NO
U74899DL1995PTC064154	Garmex (India) Private Limited	Director	6/01/1995	6/01/1995	-	Active	NO
U74899DL1995PTC064158	SEH Investments Private Limited	Director	6/01/1995	6/01/1995	-	Active	NO
U74899DL1995PTC064392	S R (India) Exports Private Limited	Director	16/01/1995	16/01/1995	-	Active	NO
U74899DL1995PTC065176	A P Properties Private Limited	Director	7/02/1995	7/02/1995	-	Active	NO
U74899DL1995PTC065687	P.H. Estates Private Limited	Director	22/02/1995	22/02/1995	-	Active	NO
U74899DL1995PTC065741	M.F. Properties Private Limited	Director	23/02/1995	23/02/1995	-	Active	NO
U74899DL1982PTC014852	Dwarka Das and Sons Chit Fund Private Limited	Director	12/05/1995	12/05/1995	-	Active	NO
U74899DL1995PTC073076	Pa Real Estate Private Limited	Director	10/10/1995	10/10/1995	-	Active	NO
U45201DL1996PTC075468	Sma Properties Private Limited	Director	15/01/1996	15/01/1996	-	Active	NO
U67120DL1996PTC076439	H A Investments Private Limited	Director	19/02/1996	19/02/1996	-	Active	NO
U51311DL1996PTC076895	SFG Exports (India) Private Limited	Director	7/03/1996	7/03/1996	-	Active	NO
U45201DL1996PTC079411	AMA Real Estate Private Limited	Director	4/06/1996	4/06/1996	-	Active	NO
U40101DL2010PLC206025	ACB (India) Power Limited	Nominee director	30/09/2011	21/09/2011	-	Active	NO

Name :

Mr. Surinder Singh Kohli

Designation :

Director

Address :

J-170, Rajouri Garden, New Delhi – 110027, India

Date of Birth/Age :

10.04.1945

Date of Appointment :

28.03.2011

DIN No.:

00169907

Other Directorship :

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
U45203MH2002SGC136979	Maharashtra Airport Development Company Limited	Director	6/09/2004	6/09/2004	-	Active	YES
L65191TN1997PLC037415	Infrastructure Development Finance Company Limited	Director	27/04/2005	27/04/2005	-	Active	NO
U74999MH2005PLC155683	SME Rating Agency of India Limited	Director	26/08/2005	26/08/2005	-	Active	NO
L25199UP1971PLC003392	Modi Rubber Limited	Director	17/11/2005	17/11/2005	17/06/2009	Active	NO
U67190DL2006GOI144520	India Infrastructure Finance Company Limited	Managing director	10/03/2006	10/03/2006	9/04/2010	Active	NO
U74899DL1982PLC013733	Spin Investment India Limited	Director	22/09/2006	22/09/2006	20/08/2009	Active	NO
U74140DL2005PLC142633	India SME Technology Services Limited	Additional director	28/12/2007	28/12/2007	29/11/2010	Active	NO
L27109WB1995PLC073700	MBL Infrastructures Limited	Director	18/09/2010	25/06/2010	-	Active	NO
L45101DL1979PLC009654	Ahluwalia Contracts (India) Limited	Director	17/09/2010	2/08/2010	15/12/2011	Active	NO
U71290DL1996PTC081376	S V Creditline Private Limited	Director	12/07/2011	28/09/2010	-	Active	NO
L65999DL2006PLC153373	PTC India Financial Services Limited	Director	28/09/2011	13/12/2010	-	Active	NO
L40106DL1981PLC012228	SPML Infra Limited	Additional director	9/02/2011	9/02/2011	25/07/2011	Active	NO
U10102DL1997PLC085837	ACB (India) Limited	Director	30/09/2011	28/03/2011	-	Active	NO
U74899DL1994PTC062671	Smv Agencies Private Limited	Additional director	11/04/2011	11/04/2011	1/06/2011	Active	NO
U30000MH1995PLC091944	Trimax It Infrastructure and Services Limited	Director	14/06/2011	26/04/2011	-	Active	NO
U74140DL2007PTC163275	Aria Hotels and Consultancy Services Private Limited	Director	30/05/2011	30/04/2011	-	Active	NO
U40109AP2009PTC064018	Lanco Solar Energy Private Limited	Additional director	15/10/2011	15/10/2011	-	Active	NO
U65990MH1995PLC093241	Il and Fs Financial Services Limited	Additional director	21/10/2011	21/10/2011	-	Active	NO

Name :

Mr. Samay Ram

Designation :

Director

Address :

381, Sector – 5, Gurgaon – 122001, Haryana, India

Date of Birth/Age :

02.08.1939

Date of Appointment :

02.08.2011

DIN No.:

00663816

Other Directorship :

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
U74899RJ1997PTC035786	SNY Logistics and Infrastructure Private Limited	Director	7/04/1997	7/04/1997	15/09/2008	Active	NO
L27203OR1981GOI000920	National Aluminium Company Limited	Additional director	24/04/2008	24/04/2008	24/04/2011	Active	NO
U10102DL1997PLC085837	ACB (India) Limited	Director	30/09/2011	2/08/2011	-	Active	NO

Name :

Mr. Brij Behari Tandon

Designation :

Director

Address :

J-238, First Floor, Saket, New Delhi – 110017, India

Date of Birth/Age :

30.06.1941

Date of Appointment :

28.03.2011

DIN No.:

00740511

Other Directorship :

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
U91990WB1993GAP059030	Ambuja Cement Foundation	Director	20/07/2006	20/07/2006	-	Active	NO
L24129AP1976PLC001983	Nagarjuna Fertilizers And Chemicals Limited	Nominee director	27/10/2006	27/10/2006	10/01/2011	Amalgamated	NO
L40100GJ1996PLC030533	Adani Power Limited	Director	30/07/2007	4/01/2007	-	Active	NO
L74899DL1995PLC073281	Precision Pipes and Profiles Company Limited	Director	12/01/2007	12/01/2007	-	Active	NO
L27106HP1985PLC006378	Cosmo Ferrites Limited	Director	25/07/2007	25/01/2007	25/02/2010	Active	NO
U45208PB2007PLC030942	Abhishek Global Ventures Limited	Director	21/07/2008	5/05/2007	16/03/2009	Amalgamated	NO
L01132WB1919PLC003334	Birla Corporation Limited	Director	30/05/2007	30/05/2007	-	Active	NO
L24297WB1978PLC031539	Oriental Carbon and Chemicals Limited	Director	24/07/2009	27/07/2007	-	Active	NO
L40101HP1994PLC015483	Jaiprakash Power Ventures Limited	Director	6/08/2008	29/10/2007	-	Active	NO
L15249UP1933PLC000511	Dhampur Sugar Mills Limited	Director	28/01/2008	28/01/2008	-	Active	NO
U72300DL2007PTC167902	Smart Digivision Private Limited	Director	26/12/2008	19/02/2008	8/04/2011	Active	NO
L17119DN1990PLC000091	Filatex India Limited (Tr.Co.From Delhi)	Director	30/09/2008	12/04/2008	-	Active	NO
U36991HP1995PLC031163	Jaiprakash Power Ventures Limited	Director	29/07/2009	26/04/2008	14/11/2009	Amalgamated	NO
L65999DL1984PLC019465	Vikas Globalone Limited	Director	6/12/2008	25/07/2008	-	Active	NO
L74899DL1983PLC014942	Bhushan Steel Limited	Director	26/09/2009	23/09/2008	-	Active	NO
U15421AP1994PLC019013	Sagar Sugars and Allied Products Limited	Director	30/09/2008	30/09/2008	16/12/2008	Active	NO
L65910DL1986PLC023129	V L S Finance Limited	Director	31/08/2009	22/10/2008	-	Active	NO
U64203HP1994PLC014541	Exicom Tele-Systems Limited	Director	7/09/2009	12/12/2008	-	Active	NO
U51503DL1986PTC023886	Ambience Private Limited	Director	30/09/2010	11/09/2009	-	Active	NO
U31200UP2006PLC031982	Lanco Anpara Power Limited	Director	24/08/2010	13/10/2009	-	Active	NO
L45203UP2007PLC033119	Jaypee Infratech Limited	Director	21/09/2010	16/11/2009	-	Active	NO
U10102DL1997PLC085837	ACB (India) Limited	Director	30/09/2011	28/03/2011	-	Active	NO

Name :

Mr. Charan Das Arha

Designation :

Director

Address :

4 IAS Quater, Kundanbagh Begum Pet, Hyderabad – 500016, Andhra Pradesh, India

Date of Birth/Age :

02.07.1945

Date of Appointment :

28.03.2011

DIN No.:

02226619

Other Directorship :

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
U67120MH1996PLC100108	Anand Rathi Financial Services Limited	Director	24/09/2008	3/06/2008	-	Active	NO
U26940WB2007PLC116503	Emami Cement Limited	Director	7/08/2008	18/06/2008	-	Active	NO
L40109AP1995PLC019349	TAJ GVK Hotels and Resorts Limited	Director	25/07/2009	30/10/2008	-	Active	NO
U10102DL1997PLC085837	ACB (India) Limited	Director	30/09/2011	28/03/2011	-	Active	NO

Name :

Mr. Yogesh Chandra

Designation :

Director

Address :

SKA 316, Vista, Ghaziabad – 201010, Uttar Pradesh, India

Date of Birth/Age :

02.08.1971

Date of Appointment :

28.03.2011

DIN No.:

02811324

Other Directorship :

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
U10102DL1997PLC085837	ACB (India) Limited	Director	30/09/2011	28/03/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Satish Kumar Sharma
Designation :	Secretary
Address :	771, Neelkanth Apartment, Sector – 13, Rohini, New Delhi – 110085, India
Date of Birth/Age :	13.04.1956
Date of Appointment :	01.04.2006
PAN No.:	AAXPS7605Q

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Rudra Sen Sindhu 23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India	37500908
Satyapal Sindhu C-101, New Multan Nagar, Surya Enclave, New Delhi – 110056, India	2799600
Dev Suman Sindhu C-101, New Multan Nagar, Surya Enclave, New Delhi – 110056, India	1932450
Vir Sen Sindhu 1, Garud Nagar, Gevra Project, Korba – 492452, Chhattisgarh, India	25546664
Vrit Pal Sindhu 23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India	13719039
Abhimanyu Sindhu 96A, Sindhu Bhawan, Subhash Nagar, Rohtak – 124001, Haryana, India	3026926
Saroj Sindhu 23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India	1201200
Ekta Sindhu 96A, Sindhu Bhawan, Subhash Nagar, Rohtak – 124001, Haryana, India	1659000
Rachna Sindhu C-101, New Multan Nagar, Surya Enclave, New Delhi – 110056, India	840000
Shahista Sindhu 23-25, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India	1379700
Sumati Sindhu 23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India	646800
Surabhi Sindhu 23, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India	646800
Sarvesh Sindhu 23-25, Rajdoot Marg, Chanakyapuri, New Delhi – 110021, India	1379700
Satyapal Sindhu (HUF) 53-57, Sector – 14, Rohtak – 124001, Haryana, India	1465800
Dev Suman Sindhu (HUF) 53-57, Sector – 14, Rohtak – 124001, Haryana, India	420000
Vir Sen Sindhu (HUF) 53-57, Sector – 14, Rohtak – 124001, Haryana, India	420000
Vrit Pal Sindhu (HUF) 53-57, Sector – 14, Rohtak – 124001, Haryana, India	420000
Ganesh Chandra Mrig 898, Sector – 14, Gurgoan – 122001, Haryana, India	10350085
Sushil Mrig 898, Sector – 14, Gurgoan – 122001, Haryana, India	5221716
Ashok Mrig 898, Sector – 14, Gurgoan – 122001, Haryana, India	4896976
Ajay Mrig 898, Sector – 14, Gurgoan – 122001, Haryana, India	13932675
Monica Mrig 898, Sector – 14, Gurgoan – 122001, Haryana, India	393682
Kuldeep Singh Solanki B-9/16, Vasant Vihar, New Delhi – 110057, India	27360280
Sarvesh Coaltech Private Limited 129, Transport Centre, Punjabi Bagh, New Delhi – 110035, India	10652880
Mitter Sen Agrofarms Private Limited C-102, Lower Ground Floor, New Multan Nagar, Surya Enclave, New Delhi – 110056, India	5106504
Koya Prasad Narhari and Koya Narendra Harmila Indian Coal Agency, Room No. 7, Bentick Street, Kolkata – 700001, West Bengal, India	2560305
Pineridge Investment Limited 8^th Floor, Newton Tower, Sir William Newton Street, Port Louis, Mauritius	52162514
Pragati Vanijaya Limited 129, Transport Centre, Punjab Bagh, New Delhi – 110035, India	7005824
Maneesha Finlease Limited 153, Vasant Enclave, Rao Tula Ram Marg, New Delhi – 110057, India	1368234
Mass Agencies Private Limited 52-67A, Street No. 19, Anand Parbat, New Delhi – 110005, India	295139
Chhatisgarh Land and Building Development Private Limited 304, Ram Residency, Near Meera Datar, Shankar Nagar – 492107, Chhattisgarh, India	1694327
TOTAL	238005728

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

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	21.92
Bodies corporate	10.98
Directors or relatives of Directors	66.02
Other top fifty shareholders	1.08
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in Coal beneficiation and allied activities and energy generation.

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Installed Capacity	Actual Production
Coal beneficiation plants	MT	27600000	21820428
Thermal power plant	Units	262800000	231276000
Wind mill	Units	131400000	25211526

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Standard Chartered Bank, Credit Documentation Unit, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, India

· Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi – 110001, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee Term Loans banks	6790.766	3412.178
Foreign currency loans banks	3304.100	3611.200
Working Capital loans banks	568.176	898.865
Loans taken for vehicles	0.466	14.610
Interest accrued due debentures	55.244	11.664
Total	10718.752	7948.517

Banking Relations :	--
Auditors :
Name :	BSR and Company Chartered Accountants
Address :	Building No. 10, 8^th Floor, DLF Tower, Gurgaon – 122002, Haryana, India
PAN.:	AAIFB0630K
Subsidiaries (As on 31.03.2010):	· Aryan Clean Coal Technologies Private Limited · Aryan Energy Private Limited · Kartikay Coal Washerics Private Limited · Aryan Ispat and Power Private Limited · Connoiseur Resources Limited, BVI · Aryan M.P Power Generation Private Limited · Aryan Chhattisgarh Power Generation Private Limited · Spectrum Coal and Power Limited · TRN Energy Private Limited
Enterprise of which the Company is an associate (As on 31.03.2010) :	· Pineridge Investment Limited, Mauritius
Enterprises over which key management personnel exercise significant influence (others) (As on 31.03.2010) :	· Bhandari Consultancy and Finance Limited · Blank Angel Security Service Private Limited · Cellcap Securities Limited, BVI · General Automobiles · Hari Bhoomi Communications Private Limited · Indus Automobiles · Indus Compuquest Private Limited · Indus Portfolio Private Limited · Mitter Sen Agrofarms Private Limited · Maneesha Finlease Limited · Mass Agencies Private Limited · Sainik Automobiles · Sainik Mining and Allied Services Limited · Sainik Transport · Sindhu Holding Limited · Sindhu Realtors Private Limited · Sindhu Trade Links Limited · Spectrum Power Generation Limited (upto 29 March 2009) · Sarvesh Coal Minlcch Private Limited · Sarvesh Coal Tech Private Limited · V. V. Transport · M.S. and Sons · Global Coal and Mining Private Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000000	Equity Shares	Rs.10/- each	Rs.10000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
238005728	Equity Shares	Rs.10/- each	Rs.2380.057 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		2380.057	1187.416	1056.808
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		9621.461	10541.847	8623.974
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		12001.518	11729.263	9680.782
LOAN FUNDS
1] Secured Loans		10718.752	7948.517	6261.540
2] Unsecured Loans		0.000	0.000	100.489
TOTAL BORROWING		10718.752	7948.517	6362.029
DEFERRED TAX LIABILITIES		164.616	168.252	176.503
TOTAL		22884.886	19846.032	16219.314
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3008.827	2950.482	3073.418
Capital work-in-progress		10985.787	4644.517	1525.850
INVESTMENT		5111.998	3796.039	2783.422
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1111.360	661.786	500.046
	Sundry Debtors	1536.570	1206.509	1259.189
	Cash & Bank Balances	1947.247	4764.768	6025.488
	Other Current Assets	19.203	18.137	18.855
	Loans & Advances	1306.007	3051.833	1717.186
Total Current Assets		5920.387	9703.033	9520.764
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1452.998	595.069	448.753
	Other Current Liabilities	503.206	497.166	96.938
	Provisions	185.909	155.804	138.449
Total Current Liabilities		2142.113	1248.039	684.140
Net Current Assets		3778.274	8454.994	8836.624
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		22884.886	19846.032	16219.314

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	7769.233	6950.040	7878.347
		Other Income	182.008	238.788	445.059
		TOTAL (A)	7951.241	7188.828	8323.406
Less	EXPENSES
		Consumption materials changes inventories	1933.635	1271.125
		Manufacturing service costs	2532.125	2243.730
		Employee related expenses	460.837	390.951	4272.295
		Administrative selling other expenses	461.972	432.915
		Income loss disposal sale discounting operations	970.227	0.000
		TOTAL (B)	6358.796	4338.721	4272.295
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1592.445	2850.107	4051.111
Less	FINANCIAL EXPENSES (D)		401.314	254.693	230.098
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1191.131	2595.414	3821.013
Less/ Add	DEPRECIATION/ AMORTISATION (F)		329.507	343.365	410.337
	PROFIT BEFORE TAX (E-F) (G)		861.624	2252.049	3410.676
Less	TAX (H)		480.078	671.525	1084.583
	PROFIT AFTER TAX (G-H) (I)		381.546	1580.524	2326.093
Less	APPROPRIATIONS
		Interim Dividend	138.034	0.000	91.305
		Proposed Dividend		112.246	0.000
		Provision for corporate dividend tax		19.076	15.517
	BALANCE CARRIED TO THE B/S		243.512	1449.202	2219.271
	IMPORTS
		Stores & Spares	0.484	5.909	2.440
		Capital Goods	22.047	9.356	10.454
	TOTAL IMPORTS		22.531	15.265	12.894
	Earnings Per Share (Rs.)		1.60	14.08	25.49

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.79	21.98	27.95
Net Profit Margin (PBT/Sales)	(%)	11.09	32.40	43.29
Return on Total Assets (PBT/Total Assets}	(%)	9.65	17.79	27.08
Return on Investment (ROI) (PBT/Networth)		0.07	1.89	0.35
Debt Equity Ratio (Total Liability/Networth)		1.07	0.78	0.73
Current Ratio (Current Asset/Current Liability)		2.76	7.77	13.92

LOCAL AGENCY FURTHER INFORMATION

BACKGROUND

Subject (formerly Aryan Coal Benefications Private Limited) is a flagship company of Aryan Group. ACB was incorporated on 14 March 1997. Besides coal beneficiation business, ACB is engaged in power generation through 3GMW thermal power plant and J5MW wind milI plant. Both the power plants are supported by Power Purchase Agreements with State Electricity Boards. Further, the Company is m the process of setting up 270MW thermal power plane at Chakabura, Chhattisgarh.

During the year, the Company changed its name from Aryan Coal Benefications Private Limited to ACB (India) Private Limited and subsequently changed its italus from private limited company to public limited company. Consequently, the name of the Company has been changed to ACB (India) Limited.

Bankers Charges Report as per Registry

Corporate identity number of the company	U10102DL1997PLC085837
Name of the company	ACB (INDIA) LIMITED
Address of the registered office or of the principal place of business in India of the company	C-102, LGF, New Multan Nagar, Surya Enclave, New Delhi – 110056, India Email : legal.secretarial@sainikaryan.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10198062
Type of charge	Immovable property Book debts Movable property (not being pledge)
Particular of charge holder	Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi – 110001, India Email : geetu.kalra@axisbank.com
Nature of instrument creating charge	Link cum supplementary document
Date of instrument Creating the charge	09.01.2012
Amount secured by the charge	Rs.1500.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest on term loan Base rate +1% i. e. 11% p. a. payable monthly commission charges on BG @ 0.75% p. a. Terms of repayment Bullet repayment alter one year (from the date of disbursement of facility Margin Nil Extent and operation of the charge Credit facility in the form of Bank Guarantee aggregating to Rs.1500.000 Millions, availment of short term loan as sub limit of BG of Rs.750.000 Millions total limit not exceed to Rs.1500.000 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First pari passu charge on the current assets of the company present and future Counter Guarantee of the borrower collaterally secured by first pari passu charge on Panderpauni Coal Washing plant (in Maharashtra) of the company including EM of land and First pari passu charge on flat no-18, Vasant Enclave, Rao Tula Ram Marg, New Delhi First pari passu charge on Flat No-3, Vasant Enclave Rao Tula Ram Marg, New Delhi, India Plot no1509 DLF Qutub Enclave complex, phase IV, Gurgaon, Haryana, India Plot No 953, Sector-31-32, Urban Estate Gurgaon, Haryana, India
Date of instrument modifying the charge	06.01.2011
Particulars of the present modification	Now the Existing Guarantee Limit has been modified for sanction of short term loan of Rs.750.000 Millions within the aggregate facility of Bank guarantee without any change in the aggregate credit facility of Rs.1500.000 Millions Interest to be charged on short term loan of Rs.750.000 Millions as sub limit of BG Rs.1500.000 Millions @ Base rate +1% i. e. 11% p. a. payable monthly Other terms and conditions remain the same

FIXED ASSETS

· Softwares

· Freehold Land

· Factory Building

· Building

· Plant and Machinery

· Railway Sidings

· Computers

· 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.49.21
UK Pound	1	Rs.77.75
Euro	1	Rs.64.58

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		52

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.