MIRA INFORM REPORT

Report Date :

24.01.2012

IDENTIFICATION DETAILS

Name :	INDU PROJECTS LIMITED
Registered Office :	“Indu Fortune Fields”,1009, 13^th Phase, Kukatpally, Hyderabad-500072, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.12.2001
Com. Reg. No.:	01-038175
Capital Investment / Paid-up Capital :	Rs.1534.736 Millions
CIN No.: [Company Identification No.]	U45200AP2001PLC038175
TAN No.: [Tax Deduction & Collection Account No.]	HYDI00626D
PAN No.: [Permanent Account No.]	AAACI18812M
Legal Form :	A Closely held Public Limited Liability Company
Line of Business :	Company is engaged in the business of erection/construction of power plants, buildings, irrigation projects, special projects and civil and structural works relating to power transmission and distribution lines.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 37400000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having fine track. Available information indicates high financial responsibility of the company. Directors are reported as experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions.

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

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

DIRECTORS

As on 28.09.2011

Name :

Mr. Syam Prasad Reddy Indukuri

Designation :

Managing Director

Address :

Plot No.973/A, Road 49, Jubliee Hills, Hyderabad-500033, Andhra Pradesh, India

Date of Birth/Age :

28.06.1959

Qualification :

B. Com.

Date of Appointment :

01.04.2002

DIN :

00019717

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999AP2001PTC036924	CHOLA PUNAM PARK PRIVATE LIMITED	Director	25/06/2001	25/06/2001	-	Active	NO
2	U45208AP2001PTC036923	NIJA DEVELOPERS PRIVATE LIMITED	Director	25/06/2001	25/06/2001	-	Amalgamated	NO
3	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Managing director	1/4/2010	1/4/2002	-	Active	NO
4	U45201AP2001PTC037743	ASTITVA REALTORS PRIVATE LIMITED	Director	5/9/2002	5/9/2002	-	Active	NO
5	U45200AP2002PTC039678	SINDHURA PROPERTIES PRIVATE LIMITED	Director	26/09/2002	26/09/2002	-	Active	NO
6	U45200AP1982PTC003711	R. R. PROJECTS PRIVATE LIMITED	Director	10/10/2002	10/10/2002	10/1/2012	Active	NO
7	U85110KA1995PTC017560	M.D.REALTORS PRIVATE LIMITED.	Director	22/11/2002	22/11/2002	-	Active	NO
8	U70101AP2002PTC040171	INDU PROJECTS AND DEVELOPERS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
9	L74210MH1977PLC019535	VALECHA ENGINEERING LIMITED	Director	25/05/2004	25/05/2004	29/11/2007	Active	NO
10	U45200AP2004PTC043755	WALDEN PROPERTIES PRIVATE LIMITED	Director	27/07/2004	27/07/2004	-	Active	NO
11	U45200AP2004PTC044790	CYBERABAD HITECH INTEGRATED TOWNSHIP DEVELOPMENT CORPORATION PRIVATE LIMITED	Director	7/12/2004	7/12/2004	-	Active	NO
12	U74999AP2004PTC044823	VASANTHA PROJECTS PRIVATE LIMITED	Director	31/12/2004	31/12/2004	-	Active	NO
13	U70102AP2005PTC047508	SPR PROPERTIES PRIVATE LIMITED	Director	16/09/2005	16/09/2005	-	Active	NO
14	U70102AP2005PTC048176	PANNCHAVATI AVENUES PRIVATE LIMITED	Director	24/11/2005	24/11/2005	3/1/2012	Active	NO
15	U45200AP2005PTC048203	IPL INFRA SERVICES PRIVATE LIMITED	Director	28/11/2005	28/11/2005	21/09/2011	Active	NO
16	U52520AP2003PTC041482	MACK SOFT TECH PRIVATE LIMITED	Nominee director	16/01/2006	16/01/2006	23/10/2007	Active	NO
17	U45200AP2006PTC048968	INDU TECHZONE PRIVATE LIMITED	Director	1/2/2006	1/2/2006	-	Active	NO
18	U00095PN2006PTC022236	INDU CONCEPT INFRA VENTURES PRIVATE LIMITED	Director	28/03/2006	28/03/2006	1/10/2009	Active	NO
19	U70102AP2006PTC049678	INDU FINELANDS PRIVATE LIMITED	Director	31/03/2006	31/03/2006	-	Active	NO
20	U45200AP2006PTC049718	INDU NAVAYUGA INFRA PROJECTS PRIVATE LIMITED	Director	4/4/2006	4/4/2006	16/06/2010	Active	NO
21	U45200AP2006PTC049849	INDU ROYAL HOMES PRIVATE LIMITED	Director	13/04/2006	13/04/2006	-	Active	NO
22	U45200AP2006PTC049848	INDU EASTERN PROVINCE PROJECTS PRIVATE LIMITED	Director	13/04/2006	13/04/2006	-	Active	NO
23	U45201KA2006PTC039191	AKANKSHA PROJECTS PRIVATE LIMITED	Director	2/5/2006	2/5/2006	-	Active	NO
24	U28112AP2006FLC050550	INDU RAIL ENGINEERING PRIVATE LIMITED	Director	6/7/2006	6/7/2006	-	Active	NO
25	U45400AP2007PTC073012	RED FORT AKBAR PROPERTIES PRIVATE LIMITED	Director	10/11/2008	10/9/2007	-	Active	NO
26	U45400AP2007PTC055629	SUNDARI THEME VENTURES PRIVATE LIMITED	Director	20/09/2007	20/09/2007	-	Active	NO
27	U70102AP2005PTC046822	BHOOMI REAL ESTATES INVESTMENTS PRIVATE LIMITED	Director	20/09/2007	20/09/2007	-	Active	NO
28	U85110AP2007PTC056826	SINDHURA HEALTH PROJECTS PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
29	U70102AP2007PTC056849	ASARA REALTY VENTURES PRIVATE LIMITED	Director	17/01/2008	17/01/2008	-	Active	NO
30	U01403AP2008PTC057515	INDU GENOME VALLEY PRIVATE LIMITED	Director	8/2/2008	8/2/2008	21/09/2011	Active	NO
31	U74140AP2008PTC058329	URBAN PROJECT MANAGEMENT & ENGINEERING CONSULTANCY SERVICES PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
32	U26900AP2008PTC058444	INDU MINERAL EXPLORATION (INDIA) PRIVATE LIMITED	Director	31/03/2008	31/03/2008	21/09/2011	Active	NO
33	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	29/09/2008	5/4/2008	-	Active	NO
34	U40106AP2008PTC059160	STELLAR ENERGY TECHNOLOGIES PRIVATE LIMITED	Director	14/05/2008	14/05/2008	21/09/2011	Active	NO
35	U45200AP2007PTC056846	ASARA THEME PROJECTS PRIVATE LIMITED	Director	17/09/2008	17/09/2008	-	Active	NO
36	U93000AP2008PTC061946	WALDEN HOLDINGS PRIVATE LIMITED	Director	25/11/2008	25/11/2008	-	Active	NO
37	U85191KA2008PTC048005	FORTUNIS HEALTHCARE (INDIA) PRIVATE LIMITED	Director	25/11/2008	25/11/2008	21/09/2011	Active	NO
38	U74900AP2008PTC061942	SIMHAPURI AIRPORT DEVELOPMENT COMPANY PRIVATE LIMITED	Director	25/11/2008	25/11/2008	21/09/2011	Active	NO
39	U01210KA2008PTC046453	ALPS LIVESTOCK VENTURES PRIVATE LIMITED	Director	25/11/2008	25/11/2008	21/09/2011	Active	NO
40	U01121KA2008PTC045562	GREENPORT CORPORATION PRIVATE LIMITED	Director	25/11/2008	25/11/2008	9/1/2010	Active	NO
41	U70102AP2008PTC062257	GRADIENT NIRMANN PRIVATE LIMITED	Director	17/12/2008	17/12/2008	16/02/2009	Active	YES
42	U70102AP2008PTC062281	GRADIENT INFRASTRUCTURES PRIVATE LIMITED	Director	19/12/2008	19/12/2008	-	Active	NO
43	U70102AP2008PTC062280	GRADIENT ESTATES PRIVATE LIMITED	Director	19/12/2008	19/12/2008	-	Active	NO
44	U70102AP2008PTC062313	GRADIENT REALTY VENTURES PRIVATE LIMITED	Director	22/12/2008	22/12/2008	-	Active	NO
45	U85100AP2008PTC058264	QUALITY CARE HEALTH SERVICES INDIA PRIVATE LIMITED	Director	30/09/2009	28/04/2009	-	Active	NO
46	U45200AP2000PTC034756	VK PROJECTS PRIVATE LIMITED	Director	25/07/2009	25/07/2009	21/09/2011	Active	NO
47	U40108AP2008PTC057690	ASARA ENERGY VENTURES PRIVATE LIMITED	Director	7/7/2010	7/7/2010	21/09/2011	Active	NO
48	U74999AP2010PTC071796	PILE TECH (INDIA) PRIVATE LIMITED	Director	22/12/2010	22/12/2010	21/09/2011	Active	NO
49	U74999DL2011PTC212171	INDU ITCL INFRA PRIVATE LIMITED	Director	4/1/2011	4/1/2011	24/06/2011	Active	NO
50	U74999AP2011PTC075801	MANTHAN DREDGING INDIA PRIVATE LIMITED	Director	4/8/2011	4/8/2011	-	Active	NO
51	U40102AP2009PTC064890	KAVITI POWER PRIVATE LIMITED	Additional director	29/08/2011	29/08/2011	-	Active	NO
52	U10101AP2012PTC078343	KAKATIYA LONGWALL PROJECT PRIVATE LIMITED	Director	2/1/2012	2/1/2012	-	Active	NO

Name :

Mrs. Vijaya Bhaskar Reddy Basani

Designation :

Whole time Director

Address :

Villa No. 234, Orchid Vilas, Indu Fortune Fields, 13^th Phase, Kukatpally, Hyderabad - 500072, Andhra Pradesh, India

Date of Birth/Age :

18.01.1967

Qualification :

B. Com.

Date of Appointment :

01.04.2002

DIN :

00101368

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Whole-time director	1/4/2007	1/4/2002	-	Active	NO
2	U07010KA2003PTC032671	CHILUKURI BALAJI REALTORS PRIVATE LIMITED	Director	6/10/2003	6/10/2003	5/8/2009	Active	NO
3	U14101KA2006PTC039515	INDU SAI MINES AND MINERALS PRIVATE LIMITED	Director	19/05/2006	19/05/2006	-	Active	NO
4	U74140AP2008PTC058329	URBAN PROJECT MANAGEMENT & ENGINEERING CONSULTANCY SERVICES PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
5	U40106AP2008PTC059160	STELLAR ENERGY TECHNOLOGIES PRIVATE LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
6	U45200AP2000PTC034756	VK PROJECTS PRIVATE LIMITED	Director	25/07/2009	25/07/2009	-	Active	NO
7	U40108AP2008PTC057690	ASARA ENERGY VENTURES PRIVATE LIMITED	Director	7/7/2010	7/7/2010	-	Active	NO
8	U74999AP2010PTC071796	PILE TECH (INDIA) PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Active	NO
9	U40102AP2009PTC064890	KAVITI POWER PRIVATE LIMITED	Additional director	29/08/2011	29/08/2011	-	Active	NO

Name :

Mr. Mahender Reddy Basani

Designation :

Whole time Director

Address :

Villa No. 188, Orchid Vilas, Indu Fortune Fields, 13^th Phase, Kukatpally, Hyderabad - 500072, Andhra Pradesh, India

Date of Birth/Age :

10.10.1971

Qualification :

B. Com.

Date of Appointment :

01.08.2011

DIN :

01769834

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U45200AP2006PTC049848	INDU EASTERN PROVINCE PROJECTS PRIVATE LIMITED	Director	25/05/2007	25/05/2007	Active	NO
2	U80301KA2008PTC045764	LEPAKSHI KNOWLEDGE HUB PRIVATE LIMITED	Director	25/11/2008	25/11/2008	Active	NO
3	U45200AP2006PTC049849	INDU ROYAL HOMES PRIVATE LIMITED	Director	10/1/2009	10/1/2009	Active	NO
4	U01121KA2008PTC045562	GREENPORT CORPORATION PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
5	U85191KA2008PTC048005	FORTUNIS HEALTHCARE (INDIA) PRIVATE LIMITED	Director	24/06/2009	24/06/2009	Active	NO
6	U74900AP2010PTC069192	CIRUS SOLAR SYSTEMS PRIVATE LIMITED	Additional director	16/08/2010	16/08/2010	Active	NO
7	U70102KA2008PTC046339	FORTUNIS VENTURES (INDIA) PRIVATE LIMITED	Director	15/03/2011	15/03/2011	Active	NO
8	U70100KA2008PTC046256	FORTUNIS INVESTMENTS (INDIA) PRIVATE LIMITED	Additional director	15/03/2011	15/03/2011	Active	NO
9	U85100KA2010PTC053295	LEPAKSHI HERITAGE WELLNESS VILLAGE PRIVATE LIMITED	Additional director	25/03/2011	25/03/2011	Active	NO
10	U35301KA2010PTC052947	LEPAKSHI AEROSPACE & DEFENCE CLUSTER PRIVATE LIMITED	Additional director	25/03/2011	25/03/2011	Active	NO
11	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Whole-time director	1/8/2011	1/8/2011	Active	NO
12	U74900KA2010PTC055791	LEPAKSHI INTEGRATED FASHION CITY PRIVATE LIMITED	Additional director	22/08/2011	22/08/2011	Active	NO
13	U17291KA2010PTC055800	LEPAKSHI INTEGRATED TEXTILE PARK PRIVATE LIMITED	Additional director	22/08/2011	22/08/2011	Active	NO
14	U74900AP2010PTC066621	LEPAKSHI AYUSH PARK PRIVATE LIMITED	Additional director	22/08/2011	22/08/2011	Active	NO
15	U40106AP2008PTC059160	STELLAR ENERGY TECHNOLOGIES PRIVATE LIMITED	Additional director	20/09/2011	20/09/2011	Active	NO
16	U74999AP2010PTC071796	PILE TECH (INDIA) PRIVATE LIMITED	Additional director	20/09/2011	20/09/2011	Active	NO
17	U26900AP2008PTC058444	INDU MINERAL EXPLORATION (INDIA) PRIVATE LIMITED	Additional director	20/09/2011	20/09/2011	Active	NO
18	U01403AP2008PTC057515	INDU GENOME VALLEY PRIVATE LIMITED	Additional director	20/09/2011	20/09/2011	Active	NO
19	U45200AP2005PTC048203	IPL INFRA SERVICES PRIVATE LIMITED	Additional director	20/09/2011	20/09/2011	Active	NO
20	U01210KA2008PTC046453	ALPS LIVESTOCK VENTURES PRIVATE LIMITED	Additional director	20/09/2011	20/09/2011	Active	NO
21	U40108AP2008PTC057690	ASARA ENERGY VENTURES PRIVATE LIMITED	Additional director	20/09/2011	20/09/2011	Active	NO
22	U45201AP2001PTC037743	ASTITVA REALTORS PRIVATE LIMITED	Additional director	2/11/2011	2/11/2011	Active	NO
23	U45200AP2002PTC039678	SINDHURA PROPERTIES PRIVATE LIMITED	Additional director	2/11/2011	2/11/2011	Active	NO
24	U74999KA2011PTC061463	LEPAKSHI SCIENCE AND TECHNOLOGY PARK PRIVATE LIMITED	Director	2/12/2011	2/12/2011	Active	NO

Name :

Mr. Mohana Ramakrishna Velagapudi

Designation :

Additional Director

Address :

6, Hickory CT, Moline, IL – 61265, USA

Date of Birth/Age :

26.11.1956

Qualification :

B. Com.

Date of Appointment :

14.02.2007

DIN :

01263282

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U15201AP1986PLC006912	CREAMLINE DAIRY PRODUCTS LTD.	Director	3/1/1995	3/1/1995	-	Active	NO
2	U99999AP1994PTC018352	ASIAN INSTITUTE OF GASTROENTEROLOGY PRIVATE LIMITED	Director	18/08/2003	18/08/2003	-	Active	NO
3	U65993AP1983PLC004088	G2 CORPORATE SERVICES LIMITED	Director	23/02/2005	23/02/2005	-	Active	NO
4	U45200AP2006PTC048961	VEEN PROMOTORS PRIVATE LIMITED	Director	1/2/2006	1/2/2006	-	Active	NO
5	U45200AP2006PTC048962	VEEN REALTORS PRIVATE LIMITED	Director	1/2/2006	1/2/2006	-	Active	NO
6	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Additional director	27/05/2009	14/02/2007	-	Active	NO
7	U72200AP2006PTC049075	CAVERA SYSTEMS (INDIA) PRIVATE LIMITED	Director	30/09/2009	28/09/2008	25/07/2011	Active	NO
8	U85100AP2008PTC062090	SARVEJANA HEALTHCARE PRIVATE LIMITED	Director	30/09/2009	11/1/2009	-	Active	NO
9	U64200AP2008PTC059197	VELOCITY MEDIA SOLUTIONS PRIVATE LIMITED	Additional director	26/07/2010	26/07/2010	18/11/2010	Active	NO
10	U72200AP1997PLC033030	SEMANTICSPACE TECHNOLOGIES LIMITED	Director	14/09/2011	8/10/2010	-	Active	NO
11	U72200AP2010PTC070850	VELOCITY NETWORKS PRIVATE LIMITED	Director	14/10/2010	14/10/2010	-	Active	NO
12	U73100AP2010PTC071807	ASIAN INSTITUTE OF STEMCELL RESEARCH AND THERAPY PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Active	NO

Name :

Mr. Harjit Singh Bhatia

Designation :

Director

Address :

HSE 27, Le Palais, nO. 8 Pak Pat Shan Rd., Tai Tam, Hongkong

Date of Birth/Age :

08.10.1949

Qualification :

B. Com.

Date of Appointment :

07.08.2008

DIN :

02285424

Name :

Mr. Hemang Harish Raja

Designation :

Alternate Director

Address :

Credit Suisse Private Equity, 9^th Floor Ceejay House, Mumbai, Maharashtra, India

Date of Birth/Age :

14.08.1958

Qualification :

B. Com.

Date of Appointment :

25.09.2008

DIN :

00040769

Name :

Mr. Vaddarse Prabhakar Shetty

Designation :

Director

Address :

Ansal Heights, Flat No. B-1802, Dr. G. M. Bhosale Marg, Worli Naka, Worli, Mumbai – 400018, Maharashtra, India

Date of Birth/Age :

12.06.1947

Qualification :

B. Com.

Date of Appointment :

04.09.2008

DIN :

00021773

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L65190MH2004GOI148838	IDBI BANK LIMITED	Managing director	3/3/2005	3/3/2005	1/7/2007	Active	NO
2	U65999DL2000PLC103177	IDBI HOMEFINANCE LIMITED	Nominee director	12/8/2005	12/8/2005	17/08/2007	Amalgamated	NO
3	L65191TN1997PLC037415	INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED	Director	18/08/2005	18/08/2005	25/07/2007	Active	NO
4	U65990MH1993GOI075578	IDBI CAPITAL MARKET SERVICES LIMITED	Nominee director	23/08/2005	23/08/2005	26/07/2007	Active	NO
5	U67200MH1972GOI016133	GENERAL INSURANCE CORPORATION OF INDIA	Director	5/9/2006	5/9/2006	30/06/2007	Active	NO
6	U72200MH2000GOI124665	IDBI INTECH LIMITED	Director	23/09/2006	23/09/2006	1/7/2007	Active	NO
7	U67120MH2006GOI166186	IDBI GILTS LIMITED	Nominee director	13/12/2006	13/12/2006	29/06/2007	Amalgamated	NO
8	U91110MH1928GAP001391	INDIAN INSTITUTE OF BANKING AND FINANCE	Director	19/01/2007	19/01/2007	30/06/2007	Active	NO
9	U67190MH2007PTC174287	JM FINANCIAL ASSET RECONSTRUCTION COMPANY PRIVATE LIMITED	Director	3/5/2008	28/11/2007	-	Active	NO
10	U74140MH1984PLC033397	JM FINANCIAL PRODUCTS LIMITED	Director	30/06/2008	21/04/2008	-	Active	NO
11	U65991MH1994PTC078879	JM FINANCIAL ASSET MANAGEMENT PRIVATE LIMITED	Director	7/7/2008	28/04/2008	-	Active	NO
12	U67120MH1998PTC115414	JM FINANCIAL SECURITIES PRIVATE LIMITED	Director	30/06/2008	16/06/2008	-	Active	NO
13	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Additional director	4/9/2008	4/9/2008	-	Active	NO
14	U65993AP1995PLC019471	IND-BARATH POWER INFRA LIMITED	Director	29/09/2008	6/9/2008	-	Active	NO
15	U85195MH1995PTC094852	DIAGNOSEARCH LIFE SCIENCES PRIVATE LIMITED.	Nominee director	29/09/2010	20/08/2009	16/12/2011	Active	NO
16	U65929AP2003PLC040648	SPANDANA SPHOORTY FINANCIAL LIMITED	Director	19/08/2010	22/09/2009	21/12/2010	Active	NO

Name :

Mr. Nimmagadda Prasad

Designation :

Director

Address :

Gayatri Arcade, Vikrampuri, Kharkhana, Secunderbad, Andhra Pradesh, India

Date of Birth/Age :

30.08.1961

Qualification :

B. Com.

Date of Appointment :

08.05.2010

DIN :

00014595

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U24231AP1984PLC005146	MYLAN LABORATORIES LIMITED	Director	8/1/2007	6/4/2000	25/09/2009	Active	NO
2	U65993AP1983PLC004088	G2 CORPORATE SERVICES LIMITED	Director	6/4/2000	6/4/2000	-	Active	NO
3	U74140AP2002PTC038668	G2 TRADE CENTRE PRIVATE LIMITED	Director	19/03/2002	19/03/2002	-	Active	NO
4	U99999AP1994PTC018352	ASIAN INSTITUTE OF GASTROENTEROLOGY PRIVATE LIMITED	Director	18/08/2003	18/08/2003	-	Active	NO
5	U24230GJ1984PLC007440	CONCORD BIOTECH LIMITED	Director	10/2/2006	10/2/2006	4/12/2009	Active	NO
6	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Director	8/5/2010	13/02/2006	-	Active	NO
7	U40108DL2003PTC120409	ATHENA INFRAPROJECTS PRIVATE LIMITED	Director	29/09/2007	22/09/2006	30/03/2009	Active	NO
8	U45201MH2006PTC165094	KONARK ADVISERS PRIVATE LIMITED	Director	15/11/2006	15/11/2006	15/06/2007	Active	NO
9	U64204AP2001PLC036950	MAA TELEVISION NETWORK LIMITED	Director	23/11/2009	19/01/2007	-	Active	NO
10	U74999AP2008PTC057225	VANPIC PROJECTS PRIVATE LIMITED	Director	18/01/2008	18/01/2008	-	Active	NO
11	U45209AP2008PTC057825	MATRIX ENPORT HOLDINGS PRIVATE LIMITED	Director	26/02/2008	26/02/2008	-	Active	NO
12	U74999AP2008PTC058448	VANPIC PORTS PRIVATE LIMITED	Director	31/03/2008	31/03/2008	-	Active	NO
13	U74999AP2008PTC058555	MATRIX CORPORATION PRIVATE LIMITED	Director	4/4/2008	4/4/2008	-	Active	NO
14	U80100AP1997NPL036631	INDIAN SCHOOL OF BUSINESS	Director	29/09/2008	5/4/2008	-	Active	NO
15	U45209AP2008PTC058696	GENEXX INFRATECH PRIVATE LIMITED	Director	16/04/2008	16/04/2008	-	Active	NO
16	U45200AP2008PTC058913	LEMONHILLS BUILDERS PRIVATE LIMITED	Director	30/04/2008	30/04/2008	-	Active	NO
17	U45200AP2008PTC059025	GENEX STRUCTURAL PROJECTS PRIVATE LIMITED	Director	7/5/2008	7/5/2008	22/05/2008	Active	YES
18	U74900AP2008PTC059490	MATRIX NATURAL RESOURCES PRIVATE LIMITED	Director	4/6/2008	4/6/2008	5/1/2010	Active	NO
19	U92140AP2006PTC048915	ANNAPURNA STUDIOS PRIVATE LIMITED (PART IX)	Director	30/09/2008	17/06/2008	-	Active	NO
20	U63010AP2008PTC059738	VANPIC SHIPYARD PRIVATE LIMITED	Director	19/06/2008	19/06/2008	-	Active	NO
21	U62200AP2008PTC059737	PRAKASAM AIRPORT PRIVATE LIMITED	Director	19/06/2008	19/06/2008	-	Active	NO
22	U40105AP2008PTC061318	VANPIC ENPOWER PRIVATE LIMITED	Director	7/10/2008	7/10/2008	-	Active	NO
23	U45200AP2008PTC061818	GOLDCOAST PROPERTIES PRIVATE LIMITED	Director	19/11/2008	19/11/2008	5/1/2010	Active	NO
24	U92100AP2009PTC065527	MAA NEWS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	23/11/2009	Under Process of Striking off	NO
25	U73100AP2010PTC071807	ASIAN INSTITUTE OF STEMCELL RESEARCH AND THERAPY PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Active	NO
26	U93090AP2007PTC053702	SEPTOZEN CORPORATE SERVICES PRIVATE LIMITED	Director	27/04/2011	6/4/2011	-	Active	NO

Name :

Mr. Rahul Yadav

Designation :

Director

Address :

999 Sector 15, Faridabad – 121007, Haryana, India

Date of Birth/Age :

27.08.1963

Date of Appointment :

29.12.2006

DIN :

01649493

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Director	29/12/2006	29/12/2006	-	Active	NO
2	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Nominee director	29/05/2007	29/05/2007	-	Active	NO
3	U99999MH1995PLC087498	SHAREKHAN LIMITED	Director	12/9/2007	17/08/2007	-	Active	NO
4	U51909DL2004PLC126962	SVIL MINES LIMITED	Director	31/12/2008	25/08/2008	-	Active	NO
5	U24300DL2003PLC123687	INTERNATIONAL CARS AND MOTORS LIMITED	Nominee director	30/09/2008	30/09/2008	8/4/2009	Active	NO
6	U74899DL1995PLC073245	INTERNATIONAL TRACTORS LIMITED	Nominee director	30/09/2008	30/09/2008	8/4/2009	Active	NO
7	L24116UP1978PLC004624	JUBILANT LIFE SCIENCES LIMITED	Director	28/08/2009	14/10/2008	7/7/2010	Active	NO
8	L99999DN1982PLC000128	JBF INDUSTRIES LIMITED	Additional director	26/09/2009	24/09/2009	23/08/2010	Active	NO
9	L27106WB1987PLC042756	HIMADRI CHEMICALS & INDUSTRIES LTD	Nominee director	28/05/2010	28/05/2010	-	Active	NO
10	U65993AP1995PLC019471	IND-BARATH POWER INFRA LIMITED	Additional director	29/07/2011	29/07/2011	-	Active	NO
11	U67120MH1996PLC100108	ANAND RATHI FINANCIAL SERVICES LIMITED	Nominee director	20/09/2011	20/09/2011	-	Active	NO

KEY EXECUTIVES

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

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2011

Name of Shareholder	No. of Equity shares
I. Syam Prasad Reddy	16,805,000
I. Sundari	15,778,000
I. Sindhura	18,292,000
I. Sidharth	17,559,970
I. Sumalatha	1,000,000
B.V. Bhaskar Reddy	13,983,020
B. Mar Reddy	1,530,000
R.R.P ujari	1,100,000
B. Subash	152,000
I. Dayakar Reddy	113,500
B.Bharath Reddy	63,500
B. Mahender Reddy	68,000
B. Ravi Krishna	50,000
K. Keshav Reddy	62,000
A.J.J aganathan	1,000,000
Prathishta Rebala	5,130
Coastal Infrastructure Private Limited	95,120
C. Swapna	34,000
C. Seshu Priyanka	33,000
C. Sravanthi	33,000
J.A. Chowdary	80,000
J. Naga Sravani	40,000
Name of Shareholder	No. of Preference shares
CSIRE Investment Limited, Mauritius	2426576
RECP IV Atria Investors Limited, Mauritius	4804620
RBCP IV Atria Co-Investors Limited, Mauritius	48532
Lodestar Investments [Mauritius] Limited, Mauritius	4853152
Total	12132880

AS ON 28.09.2011

Category	Percentage
Public Financial Companies	1.45
Venture Capital	9.84
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	9.39
Bodies corporate	16.29
Directors or relatives of Directors	60.81
Other top fifty shareholders	2.22
Total	100.00

BUSINESS DETAILS

Line of Business :

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

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• ICICI Bank Limited, Land mark, Race Course Circle, Vadodara-390007
• State Bank of Patiala, Abids Circle, Abids, Hyderabad - 500001, Andhra Pradesh, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Term Loans
From Banks	5126.823	4011.932
From Financial Institutions	2069.643	850.000
Working Capital and Cash Credit Facilities from Banks	4172.126	3369.925
Interest Accrued and Due	0.666	4.366
Foreign Currency Loan-Buyers Credit from Bank (USD)	294.491	219.342
Loan taken for Vehicles	237.638	137.572
Total	11901.387	8593.137
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Short Term – From Banks	150.000	800.000
Interest Accrued and Due	2.070	5.733
Inter Corporate Deposit	115.982	116.024
Total	268.052	921.757

Banking Relations :	--
Auditors :
Name :	M. N. Rao and Associates Chartered Accountants
Address :	B-41, 1^st Floor, Adj to Viswa Bharathi High School, Madhuranagar, Hyderabad – 500038, Andhra Pradesh, India
Tel. No. :	91-40-23430627 / 23430618
Email :	mnraoandassociates@gmail.com
PAN :	AADFM5654P
Joint Ventures :	· Manisha Indu JV · Indu Brahmputra AOP · Indu SMC WPIL JV · Laying Indu JV · Mahalaxmi Indu JV · SVEC Indu JV · SMC Indu JV · NCC SMC Indu JV · Geotech Indi CDS Indu Projects · Indu Tantia Oberoi Rail Welders · Mack solutions Inc · Indu Retail Infra Services.
Enterprises where significant influence exists (Associates)	1. Roshini Developers Private Limited 2. Indu Techzone Private Limited 3. Quality Care Health Services India Private Limited 4. Indu Navayuga Infra Projects Private Limited 5. Indu Fine Lands Private Limited
Enterprises where key management personnel have significant influence (Significant interest entities)	1. Walden Properties Private Limited 2. Cholapunam Park Private Limited
Enterprise where control exists (Subsidiaries)	1. Cyberabad Hitech Integrated Township Development Corporation Private Limited CIN : U45200AP2004PTC044790 2. Akanksha Projects Private Limited CIN : U45201KA2006PTC039191 3. SPR Properties Private Limited CIN : U70102AP2005PTC047508 4. Indu Royal Homes Private Limited CIN : U45200AP2006PTC049849 5.Bhoomi Real Estates Investments Private Limited CIN : U70102AP2005PTC046822 6. Indu Eastern Province Projects Private Limited CIN : U45200AP2006PTC049848 7. Redfort Akbar Properties Private Limited CIN : U45400MH2007PTC172467 8. Indu Mineral Exploration India Private Limited CIN : U26900AP2008PTC058444 9. Indu Genome Valley Private Limited CIN : U01403AP2008PTC057515 10. Asara Realty Ventures Private Limited CIN : U70102AP2007PTC056849 11. Sundari Theme Ventures Private Limited CIN : U45400AP2007PTC055629 12. IPL Infra Services Private Limited 13. VK Projects Private Limited CIN : U45200AP2000PTC034756 14. Cirus Solar Systems Private Limited 15. Lepakshi Knowledge Hub Private Limited 16. Stellar Energy Technologies Private Limited 17. Asara Energy Ventures Private Limited

CAPITAL STRUCTURE

As on 28.09.2011

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
141,340,750	Equity Shares	Rs. 10/- each	Rs. 1413.407 Millions
12,132,880	Compulsory Convertible Preference Shares	Rs. 10/- each	Rs. 121.329 Millions
	Total		Rs. 1534.736 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		1534.736	1534.736	1534.740
2] Stock Options		0.000	0.000	24.330
3] Reserves & Surplus		7823.755	6983.919	6168.080
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		9358.491	8518.655	7727.150
LOAN FUNDS
1] Secured Loans		11901.387	8593.137	5276.990
2] Unsecured Loans		268.052	921.757	1696.000
TOTAL BORROWING		12169.439	9514.894	6972.990
DEFERRED TAX LIABILITIES		76.755	57.999	57.980
TOTAL		21604.685	18091.548	14758.120
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1550.531	1178.148	1257.740
Capital work-in-progress		105.869	20.040	40.630
INVESTMENT		2429.315	2632.617	2759.160
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	554.585	1192.420	1073.530
	Sundry Debtors	9814.971	5858.517	8078.210
	Cash & Bank Balances	1749.110	1157.634	623.980
	Other Current Assets	1662.969	1449.645	8.710
	Loans & Advances	13000.541	12168.839	10602.230
Total Current Assets		26782.176	21827.055	20386.660
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1165.119	1020.590	1249.160
	Other Current Liabilities	7986.455	6444.967	8397.430
	Provisions	111.632	100.755	39.480
Total Current Liabilities		9263.206	7566.312	9686.070
Net Current Assets		17518.970	14260.743	10700.590
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		21604.685	18091.548	14758.120

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	21836.306	21625.645	19069.370
		Other Income	1012.082	747.352	230.320
		TOTAL (A)	22848.388	22372.997	19299.690
Less	EXPENSES
		Consumption materials changes inventories	5506.701	4946.703
		Manufacturing service costs	530.871	287.069
		Contract cost	12581.208	13549.026	17531.930
		Employee related expenses	655.796	510.274
		Administrative selling other expenses	459.378	441.804
		TOTAL (B)	19733.954	19734.876	17531.930
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		3114.434	2638.121	1767.760
Less	FINANCIAL EXPENSES (D)		1607.847	1276.195	948.100
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1506.587	1361.926	819.660
Less/ Add	DEPRECIATION/ AMORTISATION (F)		127.770	112.117	101.710
	Extraordinary items before tax		0.370	33.215	--
	PROFIT BEFORE TAX (E-F) (G)		1379.187	1283.024	717.950
Less	TAX (H)		496.639	433.187	246.660
	PROFIT AFTER TAX (G-H) (I)		882.548	849.837	471.290
Add	PREVIOUS YEAR’S BALANCE BROUGHT FORWARD		3013.933	2217.785	1750.910
Less	APPROPRIATIONS		53.511	53.689	4.260
	BALANCE CARRIED TO THE B/S		3842.970	3013.933	2217.800
	IMPORTS
		Capital Goods	-	30.550	44.140
	TOTAL IMPORTS		NA	30.550	44.140
	Earnings Per Share (Rs.)		6.21	6.01	3.33

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	3.86	3.80	2.44
Net Profit Margin (PBT/Sales)	(%)	6.32	5.93	3.76
Return on Total Assets (PBT/Total Assets}	(%)	4.87	5.58	3.32
Return on Investment (ROI) (PBT/Networth)		0.15	0.15	0.09
Debt Equity Ratio (Total Liability/Networth)		2.29	2.00	2.15
Current Ratio (Current Asset/Current Liability)		2.89	2.88	2.10

LOCAL AGENCY FURTHER INFORMATION

Note : Registered office address of the company has been shifted from 1539 Avenue 1,St 17, Road No12, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India to the present address w.e.f. 29.06.2006

REVIEW OF OPERATIONS

The revenues for the year stood at Rs 21830 millions against Rs 21630 millions in the previous year registering a small growth. However, there has been a very encouraging trend in terms of order book. Orders worth Rs.50000 millions have been bagged during the year and at the close of the year the Order Book stood at Rs. 66630 millions against Rs. 40000 millions at the end of March 2010. This helps the Company to consolidate and put itself on a growth trajectory in the following years. The Company has been qualified as the 6th biggest contracting firm (of 165 players) by Director General of Married Accommodation Projects (DGMAP) under the Ministry of Defence, Govt of India. This qualification enabled the Company to bid for tender’s upto Rs 5670 millions each. The Company has also bagged quite a few orders during the year under review. The Company has also bagged orders from many other Government Agencies like ESI for their hospitals and Medical College, DVC for townships, Lucknow Development Authority for Apartments, MP Genco for township, Damodar Valley Corporation for Townships and Tamilnadu Housing Board for apartments. While significant revenues will accrue in the next 2-3 years, once completed will establish the Company as a dominant player in the Building Infrastructure segment and will add credentials to the Company which will enable company to participate in projects of much larger sizes, complexities and profitable. The Company has also made entry into EPC contracts of Solar Photo Voltaic projects for clients like GMR, Tata etc. The Company aligned the required technical partnerships with major equipment suppliers and a well experienced team has been built in house for designing and execution of these projects. The Company received orders worth Rs 8000 millions till date. The Company has also received the LOA from Singareni Collieries for underground mining of coal as Mine Developer cum Operator (MDO), which was being pursued for last 2 years. This order is a long term order yielding constant revenues over a long term 12 extendible for another 6 years. Similarly in Phakri Burwadih, contract has been awarded to Theiss India Private Limited, with whom a pre bid arrangement has been made by the Company. This also will generate constant revenues over a long term. Mining exploration projects, which the Company has been into since last two years has fructified and new orders are received. Power BOP sector they continued to bag more and more orders and also added few new clients to their portfolio. The Company has also plans to enter other niche areas like Nuclear Power, Power EPC including BTG. Towards these objective new relationships were built with major International EPC contractors, like DOOSAN of South Korea and SEPCO 2 of China. The associations with existing Indian EPC majors like LandT and TATA Projects continued. On the real estate development, as decided during the last year, launch of new projects has been deferred owing to adverse market conditions as well as politically unstable situation like Telangana Issue etc. However, Fortune Fields Annexe project, an extension of Fortune Fields was restarted and has been able to generate good response from the customers. Land acquisition for the prestigious “Lepakshi Knowledge Hub” near Bangalore city is almost complete. Master Planning of the whole project in to various hubs is under progress. Many Prestigious Educational institutions like Indian Institute of Science etc have shown interest to set up their campuses and the discussions are in advanced stage. Preliminary Infrastructure development works have begun.

Form 8

Corporate identity number of the company	U45200AP2001PLC038175
Name of the company	INDU PROJECTS LIMITED
Address of the registered office or of the principal place of business in India of the company	“Indu Fortune Fields”,1009, 13^th Phase, Kukatpally, Hyderabad-500072, Andhra Pradesh
This form is for	Creation of charge
Type of charge	Movable property
Particular of charge holder	SREI Equipment Finance Private Limited, Vishwakarma', 86c, Topsia Road, Kolkata – 700046, West Bengal, India Email : sanjay_chaurasia@srei.com
Nature of instrument creating charge	Deed of Hypothecation.(LBH802)
Date of instrument Creating the charge	25.07.2011
Amount secured by the charge	Rs. 256.740 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 14% per annum. Terms of Repayment Amount repayable in 24 no. monthly installments as per Repayment Schedule attachment. Margin NIL Extent and Operation of the charge As per Deed of Hypothecation. Others Nil
Particulars of the property charged	Various Asset attached as per list.(WITHIN INDIA).

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

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

Fixed Assets:

v Lease hold Land

v Plant and machinery

v Furniture and Fixtures

v Vehicles

v Office Equipment’s

v Buildings on Lease hold land

Web Details

Company Profile

Subject is an end-to-end solutions provider in infrastructure and real estate headquartered in Hyderabad, India with operations spread across the country. Incorporated in 2001, the group has grown enormously over the years achieving a turnover of INR 21,836* Million (* 2010-11, Audited). The Group has a sizeable presence in India, and is spreading its operations internationally.

What distinguishes the company is the primacy it accords to thought, knowledge and innovation. Indu’s specialization ranges from design, construction management to whole-life asset management and offers customers complete end-to-end solutions in the areas of urban and core infrastructure verticals.

Indu has built competencies over the years in Urban and Core Infrastructure verticals with Residential Buildings, IT parks, IT SEZ, Hospitality, Theme Ventures, Irrigation projects, Roads, Railways, Energy, Coal Mining etc. The company has to its credit 6 million sq.ft. of built-up area and 25 million sq. ft. area with ongoing work on diverse projects.

Indu’s strength stems from its knowledge-based approach, highly experienced team, strong multi-disciplinary capabilities, and state-of-the-art infrastructure. Indu Group fosters a culture of excellence, challenging conventional practices and setting new benchmarks.

Indu maintains exceptionally high standards for quality, health and safety, and environmental protection, and is committed to delivering projects on budget and on schedule, often exceeding the client’s expectations.

Indu’s equity partners include Citigroup Venture Capital, Credit Suisse, Maple Holdings and IDFC at the parent level and Sun Apollo and Red Fort Capital at SPV level. Indu’s technical partners include Johns Hopkins Medicine International, Wageningen University of Netherlands and Indian School of Business, Hyderabad.

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.50.24
UK Pound	1	Rs.78.12
Euro	1	Rs.64.78

SCORE & RATING EXPLANATIONS

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

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.