MIRA INFORM REPORT

Report Date :

13.06.2012

IDENTIFICATION DETAILS

Name :	COASTAL PROJECTS LIMITED
Formerly Known As :	WEST COST CARRIERS PRIVATE LIMITED COASTAL PROJECTS PRIVATE LIMITED
Registered Office :	Plot No. 237, 2^nd Floor, Bapuji Nagar, Bhubaneswar, Khurda-751009, Orissa
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.05.1995
Com. Reg. No.:	15-003982
Capital Investment / Paid-up Capital :	Rs.188.110 Millions
CIN No.: [Company Identification No.]	U45203OR1995PTC003982
PAN No.: [Permanent Account No.]	AABCC1907E
Legal Form :	A closely held Public Limited Liability Company.
Line of Business :	Civil Contractor.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (64)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 29000000
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 :	Plot No. 237, 2^nd Floor, Bapuji Nagar, Bhubaneswar, Khurda-751009, Orissa, India
Tel. No.:	91-674-2530720/6942656
Fax No.:	91-674-2533856/2597956
E-Mail :	cs@coastalprojects.co.in ccpl_bbsr@india.com coastal@inida.com
Website :	http://www.coastalprojects.co.in
Corporate Office :	Plot No. 304-‘O’, Road No. 78, Beside Padmlaya Studio, Film Nagar, Hyderabad-500033, Andhra Pradesh, India
Tel. No.:	91-40-23317444
Fax No.:	91-40-23606086 / 236060073
E-Mail :	coastal@india.com cp.ho@coastalprojects.co.in
Regional offices:	Located at: · New Delhi · Bangalore · Chennai

DIRECTORS

As on 25.07.2011

Name :	Mr. Surendra Sabbineni
Designation :	Managing Director
Address :	Plot No. 614, Bomikhal, Cuttack Road, Bhubaneshwar, Khurda-751009, Orissa, India
Date of Birth/Age :	24.08.1961
Date of Appointment :	01.05.1995
DIN No.:	00398152

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U14102AP1989PLC010640	EASTERN GRANITES LIMITED	Director	07-11-89	07-11-89	30-06-09	Active	NO
2	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Managing director	01-04-10	01-05-95	-	Active	NO
3	U40101AP2004PLC044460	COASTALSIROHI POWER LIMITED	Director	04-10-10	20-10-04	-	Active	NO
4	U45200AP2005PTC046683	WOODLANDS PROJECTS PRIVATE LIMITED	Director	29-06-05	29-06-05	-	Active	NO
5	U26990AP2007PLC055860	DSC CEMENT LIMITED	Director	09-10-07	09-10-07	-	Strike off	NO
6	U74210OR2007PTC009591	COASTAL PROJECTS AND INFRASTRUCTURE PRIVATE LIMITED	Director	23-10-07	23-10-07	-	Active	NO
7	U40109AP2004PLC043985	JALPOWER CORPORATION LIMITED	Director	22-04-08	22-04-08	-	Active	NO
8	U21012AP2005PLC046890	WHITEFIELD PAPER MILLS LIMITED	Director	30-12-09	30-06-09	-	Active	NO
9	U65923AP2009PTC064534	SABBINENI HOLDINGS PRIVATE LIMITED	Director	29-07-09	29-07-09	-	Active	NO
10	U45200AP2009PTC064557	INLINE TRENCHLESS TECHNOLOGY PRIVATE LIMITED	Director	30-07-09	30-07-09	-	Active	NO
11	U45209AP2009PTC065196	COASTAL VIDYUT (INDIA) PRIVATE LIMITED	Director	24-09-09	24-09-09	-	Active	NO
12	U45400AP2008PLC059917	COASTAL REALTY LIMITED	Additional director	08-04-10	08-04-10	-	Active	NO
13	U92100AP2007PTC053820	INTEGRATED BROADCASTING COMPANY PRIVATE LIMITED	Director	20-05-10	20-05-10	18-07-11	Active	NO
14	U40105DL2010PTC209444	SHIVANI VIDYUT URJA PRIVATE LIMITED	Director	18-10-10	18-10-10	-	Active	NO
15	U40300UP2010PTC042937	GRANDEUR POWER PROJECTS PRIVATE LIMITED	Director	23-12-10	23-12-10	27-03-12	Active	NO
16	U40300AP2011PTC072085	ORIGIN POWER PROJECTS PRIVATE LIMITED	Director	06-01-11	06-01-11	-	Active	NO
17	U55101UP2011PTC043298	PANASIA HOSPITALITY PRIVATE LIMITED	Director	25-01-11	25-01-11	-	Active	NO
18	U70102AP2011PTC072400	HILLTOP REALTY PRIVATE LIMITED	Director	27-01-11	27-01-11	-	Active	NO
19	U45400UP2011PTC043319	EMERGENT INFRA POWER PRIVATE LIMITED	Director	28-01-11	28-01-11	-	Active	NO
20	U28113DL2009PTC188824	SELECTION ALUMINIUM WIRES PRIVATE LIMITED	Director	30-09-11	31-01-11	-	Active	NO
21	U70101AP2011PTC073023	CALIBER REALTY SOLUTIONS PRIVATE LIMITED	Director	03-03-11	03-03-11	-	Active	NO
22	U24232AP2011PTC073251	KRISHI FERTILIZERS AND CHEMICALS PRIVATE LIMITED	Director	14-03-11	14-03-11	-	Active	NO
23	U55100TN2011PTC079697	MIRAGE COUNTRY INNS AND RESORTS PRIVATE LIMITED	Director	17-03-11	17-03-11	-	Active	NO
24	U55100TN2011PTC079683	CHIMERA INNS AND RESORTS PRIVATE LIMITED	Director	17-03-11	17-03-11	-	Active	NO
25	U65923AP2011PTC073835	SABBINENI INVESTMENTS PRIVATE LIMITED	Director	13-04-11	13-04-11	-	Active	NO
26	U65923UP2011PTC044439	COASTAL URJA HOLDING PRIVATE LIMITED	Director	20-04-11	20-04-11	-	Active	NO
27	U74140DL2011PTC219442	SIDDHI VINAYAK POWER GENERATION AND DISTRIBUTORS PRIVATE LIMITED	Director	19-05-11	19-05-11	-	Active	NO
28	U74140DL2011PTC219439	SWARUP POWER GENERATION PRIVATE LIMITED	Director	19-05-11	19-05-11	-	Active	NO
29	U72900DL2003PTC123384	HUMMING BIRD SOFT SOLUTION PRIVATE LIMITED	Director	30-09-11	23-08-11	-	Active	NO
30	U65923UP2011PTC046353	COASTAL URJA VENTURES PRIVATE LIMITED	Director	26-08-11	26-08-11	-	Active	NO
31	U65923UP2012PTC048297	COASTAL THERMALPOWER PRIVATE LIMITED	Director	11-01-12	11-01-12	-	Active	NO

Name :	Mr. Paritala Vasudeva Rao
Designation :	Whole-time director
Address :	Flat No. # 101, Plot No. # 125 and 126, Sailakshmi Nilayam, Kavuri Hills, Jubilee Hills, Hyderabad-500033, Andhra Pradesh, India
Date of Birth/Age :	17.09.1946
Date of Appointment :	05.10.2007
DIN No.:	00104837

Name :	Mr. Garapathi Harihara Rao
Designation :	Whole-time director
Address :	Plot No. 304, Vasantha Villa, Raghuram Street Mogal Rajapuram, Vijayawada, Krishna District-520010, Andhra Pradesh, India
Date of Birth/Age :	11.07.1963
Date of Appointment :	31.07.2008
DIN No.:	02240794

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U40101AP2004PLC044460	COASTALSIROHI POWER LIMITED	Director	31-03-08	31-03-08	-	Active	NO
2	U45400AP2008PLC059917	COASTAL REALTY LIMITED	Director	28-06-08	28-06-08	-	Active	NO
3	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Whole-time director	01-04-10	31-07-08	-	Active	NO
4	U14102AP1989PLC010640	EASTERN GRANITES LIMITED	Director	30-09-09	01-05-09	18-07-11	Active	NO
5	U45209AP2009PTC065196	COASTAL VIDYUT (INDIA) PRIVATE LIMITED	Director	24-09-09	24-09-09	-	Active	NO
6	U45400UP2010PTC040056	COSMIC INFRAPOWERGEN PRIVATE LIMITED	Director	30-03-10	30-03-10	-	Active	NO
7	U45200AP2010PTC068084	IMAGE INFRATECH (INDIA) PRIVATE LIMITED	Director	23-04-10	23-04-10	-	Active	NO
8	U45200AP2010PTC068081	UNIVERSAL INFRATECH AND POWERGEN PRIVATE LIMITED	Director	23-04-10	23-04-10	-	Active	NO
9	U45400UP2010PTC040470	TRENDSET INFRAPOWERGEN PRIVATE LIMITED	Director	05-05-10	05-05-10	-	Active	NO
10	U92100AP2007PTC053820	INTEGRATED BROADCASTING COMPANY PRIVATE LIMITED	Director	20-05-10	20-05-10	18-07-11	Active	NO
11	U45209AP2010PTC068658	TRENDZ INFRA PROJECTS PRIVATE LIMITED	Director	31-05-10	31-05-10	-	Active	NO
12	U40300UP2010PTC042937	GRANDEUR POWER PROJECTS PRIVATE LIMITED	Director	23-12-10	23-12-10	27-03-12	Active	NO
13	U40300AP2011PTC072085	ORIGIN POWER PROJECTS PRIVATE LIMITED	Director	06-01-11	06-01-11	-	Active	NO
14	U70102AP2011PTC072400	HILLTOP REALTY PRIVATE LIMITED	Director	27-01-11	27-01-11	-	Active	NO
15	U45400UP2011PTC043319	EMERGENT INFRA POWER PRIVATE LIMITED	Director	28-01-11	28-01-11	-	Active	NO
16	U01403AP2011PTC072684	SWARNIM AGROTECH PRIVATE LIMITED	Director	18-02-11	18-02-11	-	Active	NO
17	U70101AP2011PTC073023	CALIBER REALTY SOLUTIONS PRIVATE LIMITED	Director	03-03-11	03-03-11	-	Active	NO
18	U01403AP2011PTC073478	FEEDER AGROTECH PRIVATE LIMITED	Director	24-03-11	24-03-11	-	Active	NO
19	U74140DL2011PTC219442	SIDDHI VINAYAK POWER GENERATION AND DISTRIBUTORS PRIVATE LIMITED	Director	01-11-11	01-11-11	-	Active	NO
20	U40105DL2010PTC209444	SHIVANI VIDYUT URJA PRIVATE LIMITED	Director	01-11-11	01-11-11	-	Active	NO
21	U74140DL2011PTC219439	SWARUP POWER GENERATION PRIVATE LIMITED	Director	01-11-11	01-11-11	-	Active	NO

Name :	Mr. Rajesh Kumar Dugar
Designation :	Alternate Director
Address :	31, Chitrakoot, Altamount Road, Mumbai-400026, Maharashtra, India
Date of Birth/Age :	01.07.1969
Date of Appointment :	01.11.2008
DIN No.:	00307729

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200TN1999PTC042375	INTERCEPT TECHNOLOGIES INDIA PRIVATE LIMITED	Nominee director	21-08-00	21-08-00	10-02-03	Active	NO
2	U70100MH1989PTC053972	SRIPAN LAND DEVELOPMENT PRIVATE LIMITED	Director	09-06-03	09-06-03	-	Active	NO
3	U73900MH1998PTC116053	NETMAGIC SOLUTIONS PRIVATE LIMITED	Additional director	24-01-08	24-01-08	-	Active	NO
4	U74140MH2007PTC172259	FIL CAPITAL ADVISORS (INDIA) PRIVATE LIMITED	Director	28-01-08	28-01-08	-	Active	NO
5	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Alternate director	10-11-08	25-03-08	-	Active	NO
6	U29199AP1997PLC026477	VMC SYSTEMS LIMITED	Alternate director	30-10-08	30-10-08	-	Active	NO
7	U72300KA2003PTC033038	MANTHAN SOFTWARE SERVICES PRIVATE LIMITED	Nominee director	22-07-10	18-12-09	07-03-12	Active	NO
8	U45201DL2006PLC156532	PL ENGINEERING LIMITED.	Director	07-05-10	07-05-10	-	Active	NO
9	U51505MH1976PLC018741	SHREEM ELECTRIC LIMITED	Director	30-09-11	14-10-10	-	Active	NO
10	U72900DL2000PTC103915	MIND SHAPER TECHNOLOGIES PRIVATE LIMITED	Director	11-02-11	05-02-11	18-04-11	Active	NO
11	U63013DL2004PTC128680	TRANSPOLE LOGISTICS PRIVATE LIMITED	Director	16-05-11	16-05-11	-	Active	NO
12	U33112KA1993PTC014776	XCYTON DIAGNOSTICS PRIVATE LIMITED	Director	25-11-11	25-11-11	-	Active	NO
13	U24239AP2005PTC047518	LAURUS LABS PRIVATE LIMITED	Additional director	14-02-12	14-02-12	-	Active	NO

Name :	Mr. Abhay Kumar Pandey
Designation :	Nominee Director
Address :	1402, Purna Pochakhanwala Road, Worli Sea Face, Mumbai-400018, Maharashtra, India
Date of Birth/Age :	01.12.1971
Date of Appointment :	11.12.2008
DIN No.:	01650845

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65999KA2000PTC033945	SEQUOIA CAPITAL INDIA ADVISORS PRIVATE LIMITED	Managing director	14-10-08	18-06-07	-	Active	NO
2	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Nominee director	25-09-09	11-12-08	-	Active	NO
3	U74999AP2000PTC035826	GVK BIOSCIENCES PRIVATE LIMITED	Director	26-04-11	21-07-09	-	Active	NO
4	U65993AP1995PLC019471	IND-BARATH POWER INFRA LIMITED	Nominee director	29-10-09	29-10-09	-	Active	NO
5	U74140MH2010PTC199651	ABHAY R ADVISORY PRIVATE LIMITED	Director	03-02-10	03-02-10	05-05-10	Active	NO
6	U24231DL2006PTC144350	MOOLCHAND HEALTHCARE PRIVATE LIMITED	Nominee director	10-06-11	10-06-11	-	Active	NO

Name :	Mr. Jimmy Lachmandas Mahtani
Designation :	Nominee director
Address :	14, Leonie Hill Road, # 22-14, Futura Apartment, Singapore-239193
Date of Birth/Age :	27.10.1976
Date of Appointment :	05.01.2010
DIN No.:	00996110

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U27100DL1999PLC108350	BHUSHAN POWER AND STEEL LIMITED	Nominee director	23-05-12	22-11-06	-	Active	NO
2	U17111MH1982PLC118017	PRATIBHA SYNTEX LIMITED	Director	30-05-07	30-05-07	15-12-10	Active	NO
3	U74999MH2004PTC175698	JSM CORPORATION PRIVATE LIMITED	Director	29-09-07	12-06-07	-	Active	NO
4	L15141MP1985PLC003171	K.S.OILS LIMITED	Director	20-10-07	22-08-07	20-05-11	Active	NO
5	U74140MH2004PTC175689	H R CAFE INDIA PRIVATE LIMITED	Director	29-09-07	24-08-07	-	Amalgamated	NO
6	U67120AP1995PLC019877	KARVY STOCK BROKING LIMITED	Director	29-09-08	23-11-07	29-06-10	Active	NO
7	U99999MH1995PLC087498	SHAREKHAN LIMITED	Director	24-09-08	20-02-08	-	Active	NO
8	U45200AP1999PTC031431	RITHWIK PROJECTS PRIVATE LIMITED	Director	26-03-08	26-03-08	23-04-12	Active	NO
9	U85110KA1996PTC019807	RSP DESIGN CONSULTANTS (INDIA) PRIVATE LIMITED	Nominee director	04-08-08	04-08-08	-	Active	NO
10	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Nominee director	17-09-10	05-01-10	-	Active	NO
11	U80301DL2010FTC207423	GLOBAL INDIAN SCHOOL EDUCATION SERVICES PRIVATE LIMITED	Nominee director	25-11-11	25-11-11	-	Active	NO

Name :	Mr. Mudigonda Veerabhadraiah
Designation :	Director
Address :	PJ-16, Government Quarters, Punjagutta Officers Colony, Hyderabad-500082, Andhra Pradesh, India
Date of Birth/Age :	22.03.1950
Date of Appointment :	24.05.2010
DIN No.:	02905184

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U75112AP1981SGC003260	ANDHRA PRADESH HANDICRAFTS DEVELOPMENT CORPORATION LIMITED	Director	30-10-09	30-10-09	27-04-10	Active	YES
2	U13209AP1961SGC000871	THE ANDHRA PRADESH MINERAL DEVEVELOPMENT CORPORATION LIMITED	Director	02-11-09	02-11-09	31-03-10	Active	YES
3	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Director	17-09-10	24-05-10	-	Active	NO
4	U65922AP1994PTC018735	DOVEFIN MICROFINANCE PRIVATE LIMITED	Director	30-09-10	25-06-10	25-03-11	Active	NO

Name :	Mr. Coopoosamy Deven
Designation :	Nominee director
Address :	42Morc Ghurburun Petit Verge Pointe Aux Sables
Date of Birth/Age :	17.12.1968
Date of Appointment :	10.11.2008
DIN No.:	02444284

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U29199AP1997PLC026477	VMC SYSTEMS LIMITED	Director	25-11-09	30-10-08	-	Active	NO
2	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Nominee director	25-09-09	10-11-08	-	Active	NO

Name :	Mr. Sushil Bhagat
Designation :	Whole-time director
Date of Appointment :	16.12.2010
DIN No.:	02672309

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67120DL2005PTC135557	PARINAM SECURITIES PRIVATE LIMITED	Director	15-03-12	02-01-10	-	Active	NO
2	U40101DL2010PTC203110	ASPEN POWER PRIVATE LIMITED	Director	25-05-10	25-05-10	30-03-12	Active	NO
3	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Whole-time director	10-02-11	16-12-10	-	Active	NO
4	U40300UP2011PTC044148	PRISTINE GREEN URJA PRIVATE LIMITED	Director	28-03-11	28-03-11	-	Active	NO
5	U65923UP2011PTC046353	COASTAL URJA VENTURES PRIVATE LIMITED	Director	26-08-11	26-08-11	-	Active	NO
6	U45201MH1995PLC226932	SAHAYOG MICROFINANCE LIMITED	Director	25-11-11	25-11-11	-	Active	NO
7	U65923UP2012PTC048297	COASTAL THERMALPOWER PRIVATE LIMITED	Director	11-01-12	11-01-12	-	Active	NO

Name :	Mr. Man Mohan Agrawal
Designation :	Director
Address :	Flat No.1204-1205, Tower, IC Wing, Ashoka Garden, next to Dosti Flamingo, Sewree, Mumbai – 400015, Maharashtra, India
Date of Birth/Age :	04.08.1956
Date of Appointment :	28.03.2011
DIN No.:	00681433

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U66020MH2006PLC165039	AXIS PRIVATE EQUITY LIMITED	Director	15-04-08	03-10-06	-	Active	NO
2	U74999MH2008PLC182264	AXIS TRUSTEE SERVICES LIMITED	Additional director	11-10-10	16-05-08	31-05-11	Active	NO
3	U65991MH2009PLC189558	AXIS ASSET MANAGEMENT COMPANY LIMITED	Nominee director	13-01-09	13-01-09	10-06-09	Active	NO
4	L65110GJ1993PLC020769	AXIS BANK LIMITED	Director	08-06-10	04-08-09	01-09-10	Active	NO
5	L01122KA1994PLC016834	KARUTURI GLOBAL LIMITED	Director	23-09-11	25-09-10	-	Active	NO
6	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	29-09-10	28-09-10	-	Active	NO
7	U11100HR2010PLC040132	DEEPWATER DRILLING AND INDUSTRIES LIMITED	Additional director	30-09-10	30-09-10	24-05-11	Active	NO
8	U72200DL2000PTC107182	MOSER BAER PROJECTS PRIVATE LIMITED	Director	01-11-10	26-10-10	-	Active	NO
9	U40100GJ1991PLC064824	ESSAR POWER LIMITED	Director	06-08-11	29-10-10	-	Active	NO
10	L17120MH1992PLC066880	BOMBAY RAYON FASHIONS LIMITED	Director	15-09-11	09-02-11	-	Active	NO
11	U45400AP2007PTC054029	NSL CONVENTIONAL POWER PRIVATE LIMITED	Director	30-09-11	28-03-11	-	Active	NO
12	U45203OR1995PLC003982	COASTAL PROJECTS LIMITED	Director	25-07-11	28-03-11	-	Active	NO
13	U51909DL1991PLC046869	JAGUAR OVERSEAS LIMITED	Director	28-09-11	27-06-11	-	Active	NO
14	U40102KA2011PTC057675	BHORUKA COGEN POWER PRIVATE LIMITED	Additional director	06-07-11	06-07-11	-	Active	NO
15	L63090MH1983PLC031418	MERCATOR LIMITED	Director	22-09-11	12-08-11	-	Active	NO
16	U45203AP1998PLC029154	BSCPL INFRASTRUCTURE LIMITED	Director	21-09-11	16-09-11	-	Active	NO
17	U65991MH2011PTC221563	PARAGON ASSET RECONSTRUCTION PRIVATE LIMITED	Director	08-02-12	08-02-12	-	Active	NO
18	U65990WB2009PTC139801	SREI MUTUAL FUND ASSET MANAGEMENT PRIVATE LIMITED	Additional director	28-03-12	28-03-12	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Varalakshmi Thota
Designation :	Company Secretary
Address :	G-02, Elite Heights Apartment, Asif Avenue, Somajiguda, Hyderabad-500082, Andhra Pradesh, India
Date of Birth/Age :	10.08.1973
Date of Appointment :	21.08.2008
PAN No.:	ADJPT4916A

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 25.07.2011

Names of Shareholders	No. of Shares
Surendra Sabbineni	6452322
Garapathi Harihara Rao	455000
Bharat Bhushan	430000
Gprm Kumar	455000
Palaparapu Sambasiva Rao	43802
Sequoia Capital India Growth Investment Holdings 1, India	1084523
Sequoia Capital India Growth Investment 1	514358
Barings Private Equity Asia IV Mauritius Holding (2), India	2222026

As on 25.07.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	34.36
Directors or relatives of directors	62.74
Other top fifty shareholders	2.90
Total	100.00

BUSINESS DETAILS

Line of Business :

Civil Contractor.

GENERAL INFORMATION

Customers :

· SEW Infrastructure Limited

· HCC

· Ambuthirtha Power Private Limited

· National Buildings Construction Corporation Limited

· Lanco Infratech Limited

· Ramky Infrastructure Limited

· CISCONS Projects Private Limited

· Patel Engineering Limited

· BGR Energy Systems Limited

· Jaypee Group

· Kerala State Electricity Board

· Aban Group

· AFCONS Infrastructure

· Abir Constructions Private Limited

· SJVN Limited

· Moserbaer India

· NTPC

· AP TRANSCO

· National Projects Construction Corporation Limited

· Jal Power Corporation Limited

· Karnataka Power Transmission Corporation Limited

· Government of Andhra Pradesh

· Government of Rajasthan

· Government of Himachal Pradesh

· Uttar Pradesh Rajkiya Nirman Nigam Limited

· Northeast Frontier Railway

No. of Employees :

Not Available

Bankers :

• UCO Bank, Malakpet Brach, 16-2-705/28, Muntaj College Road, Hyderabad-36, Andhra Pradesh, India
• ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda-390015, Gujarat, India
• Indusind Bank Limited, 2401 Gen Thimmayya Road, Contonment, Pune-411001, Maharashtra, India
• Oriental Bank of Commerce
• Punjab National Bank
• State Bank of Hyderabad
• State Bank of Travancore
• State Bank of India
• State Bank of Patiala
• State Bank of Bikaner and Jaipur
• Kotak Mahindra Bank
• Ing Vysya Bank Limited
• Bank of Baroda
• Axis Bank Limited
• Bank of Bahrain and Kuwait
• CITI Bank
• Corporation Bank
• HDFC Bank
• Standard Chartered Bank
• ICICI Bank
• YES Bank
• Central Bank
• IDBI Bank Limited

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee Term Loans Banks Secured	0.000	1370.830
Rupee Term Loans Others Secured	1400.000	750.000
Foreign Currency Loans Banks Secured	173.800	547.920
Working Capital Loans Banks Secured	6684.920	3414.890
Working Capital Loans Others Secured	196.620	46.070
Loans Taken for Other Fixed Assets Secured	2993.440	2271.390
Interest Accrued Due Other Debt Secured	6.130	8.140
Total	11454.910	8409.240

Notes:

a) Term Loans and Cash Credit

Secured by pari passu first charge on unencumbered fixed assets and current assets (both present and future) of the Company.

b) Equipment and Vehicle Loans

Equipment and Vehicles loans are secured by hypothecation of respective assets financed by the banks and financial institutions.

c) The above loans are further secured by personal guarantees of certain Directors and certain loans are secured by personal properties held by directors/relatives and shares held by the directors in the Company.

Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Fully Convertible Debentures Unsecured	2000.000	0.000
Working Capital Loans Banks Unsecured	1199.670	00000
Total	3199.670	0.000

Notes:

Compulsory Convertible Debentures:

a) 1000 Compulsory Convertible Debentures with face value of Rs.1 million each aggregating to Rs.1000.000 million having a coupon of 14.00% per annum privately placed with IFCI Limited, secured by pledge of promoters shares, and are convertible at the end of 2 years from the date of issue, i.e. 31 March 2011.

b) 1000 Compulsory Convertible Debentures with face value of Rs.1 million each aggregating to Rs.1000.000 million having a coupon of 14.38% per annum privately placed with IDFC Limited, secured by pledge of promoters shares, and are convertible at the end of 39 month from the date of issue, i.e. 31 March 2011

Banking Relations :	--
Financial Institution :	SREI Equipments Finance Private Limited, ‘Vishwakarma’, 86C, Tpasia Road, Kolkata – 700046, West Bengal, India
Auditors 1 :
Name :	U K Mahapatrea and Company Chartered Accountant
Address :	Plot No. 237, 2^nd Floor, Bapuji Nagar, Bhubaneswar-751009, Orissa, India
PAN No.:	AABFU5439N
Auditors 2 :
Name :	Deloitte Haskins and Sells
Address :	3rd Floor, Gowra Grand, Begumpet, Sardar Patel Road, Secundrabad - 500003, Andhra Pradesh, India
PAN No.:	AACFD3771D
Subsidiaries :	· JalPower Corporation Limited · WhiteField Paper Mills Limited* · Coastal Lanka Private Limited · Coastal Transnational Ventures (CY) Limited · Ujjawala Power Private Limited · Grandeur Power Projects Private Limited · Badao Hydro Power Private Limited · Para Hydro Power Private Limited · Rebby Hydro Power Private Limited *sold during the year.
Joint Ventures:	· Nuziveedu - Swathi – Coastal · AKR – Coastal · Coastal - Srivijetha · Aban - Coastal · Coastal – Patel – Jyothi - CBE · HCC - Coastal · CPPL - Chongqing · Essar - DEC – CPPL · Coastal – Transtonnelstroy · Coastal – SPL · SEW-Coastal
Related Parties :	· Sabbineni Holdings Private Limited · Coastal Sirohi Power Project Limited

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.10/- each	Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
18810773	Equity Shares	Rs.10/- each	Rs.188.110 Millions

Note:

Number of shares issued issued, subscribed and paid up are 18810773. But Number of shares issued, subscribed and paid up are tagged as 18811000 instead of 18810773 because company financials are in millions and upto two decimals are only presented and when actual number shares 18810773 multiplied with the face value of Rs.10 is not tallying with the rounded off paid up value of Rs. 188.11 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		188.110	188.110	173.520
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		7157.900	5545.220	3598.800
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		7346.010	5733.330	3772.320
LOAN FUNDS
1] Secured Loans		11454.910	8409.240	3757.200
2] Unsecured Loans		3199.670	0.000	0.000
TOTAL BORROWING		14654.580	8409.240	3757.200
DEFERRED TAX LIABILITIES		8.250	52.680	55.520
TOTAL		22008.840	14195.250	7585.040
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		6498.740	4960.580	2757.450
Capital work-in-progress		1326.280	1217.740	720.000
INVESTMENT		1889.220	1485.190	373.140
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2382.120	771.640	1220.060
	Sundry Debtors	4806.040	3296.350	1858.430
	Cash & Bank Balances	1275.840	1107.220	652.470
	Other Current Assets	4962.240	2743.410	24.010
	Loans & Advances	3716.880	2023.200	1687.270
Total Current Assets		17143.120	9941.820	5442.240
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1322.170	1154.500	174.290
	Other Current Liabilities	2564.130	1618.230	1152.480
	Provisions	962.220	637.350	381.020
Total Current Liabilities		4848.520	3410.080	1707.790
Net Current Assets		12294.600	6531.740	3734.450
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		22008.840	14195.250	7585.040

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	20813.550	13139.850	8845.810
		Other Income	297.760	133.450	18.780
		TOTAL (A)	21111.310	13273.300	8864.590
Less	EXPENSES
		Consumption Materials Changes Inventories	2579.140	2733.480	6660.000
		Manufacturing Service Costs	1062.440	694.140
		Employee Related Expenses	1054.040	672.770
		Administrative Selling Other Expenses	10636.870	5556.190
		TOTAL (B)	15332.490	9656.580	6660.000
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5778.820	3616.720	2204.590
Less	FINANCIAL EXPENSES (D)		1730.210	905.050	419.680
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4048.610	2711.670	1784.910
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1530.650	1064.490	581.320
	PROFIT BEFORE TAX (E-F) (G)		2517.960	1647.180	1203.590
Less	TAX (H)		889.590	639.890	407.720
	PROFIT AFTER TAX (G-H) (I)		1628.370	1007.290	795.870
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2363.390	1356.100	560.230
	BALANCE CARRIED TO THE B/S		3991.760	2363.390	1356.100
	IMPORTS
		Capital Goods	NA	1949.230	448.630
		Construction Materials	NA	284.490	200.570
	TOTAL IMPORTS		NA	2233.720	649.200
	Earnings Per Share (Rs.) - Basic - Diluted		86.57 76.38	56.92 56.92	45.87 45.87

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	7.71	7.59	8.98
Net Profit Margin (PBT/Sales)	(%)	12.10	12.54	13.61
Return on Total Assets (PBT/Total Assets}	(%)	10.65	11.05	14.68
Return on Investment (ROI) (PBT/Networth)		0.34	0.29	0.32
Debt Equity Ratio (Total Liability/Networth)		2.65	2.06	1.45
Current Ratio (Current Asset/Current Liability)		3.54	2.92	3.19

LOCAL AGENCY FURTHER INFORMATION

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

PERFORMANCE OF THE COMPANY:

The company has achieved a turnover of Rs 20813.550 Million for the year ended 31st March 2011 as against Rs 13139.850 Million for the previous financial year registering a growth of 58% over the previous year. The net profit after tax has increased to Rs.1628.370 Million from Rs.1007.290 Million in the previous year reflecting a growth of approximately 62%.

CONTINGENT LIABILITIES NOT PROVIDED FOR: (AS ON 31.03.2011)

a) Letters of Credits - Rs. 1621.510 Million (31.03.2010: Rs. 2337.910 Million) (includes foreign currency letters of credit Rs.1204.860 Million (31.03.2010: Rs. 2099.980 Million)

b) Counter guarantees given to banks Rs. 9483.490 Million (31.03.2010: 7027.770 Million),[includes guarantees given on behalf of Joint Ventures Rs. 3095.620 Million (31.03.2010: Rs. 2244.640 Million)]

c) Corporate guarantees given to banks for financial assistance extended to subsidiaries and joint ventures Rs.1496.730 Million (31.03.2010: Rs. 1150.000 Million)

d) Estimated amount of contracts, remaining to be executed on capital account and not provided for [Net of advances of Rs.243.830 Million (31.3.2010: Rs. 955.960 Million)] Rs.939.510 Million (31.03.2010: Rs. 2098.170 Million).

e) Disputed income tax liability in respect of which the company is in appeal Rs.2.630 Million (31.03.2010 : Rs. Nil)

f) Commitment towards investment in companies / firms Rs.170.000 Million (31.03.2010: Rs.170.000 Million) [net of advances Rs.1556.250 Million (31.03.2010:Rs. 1556.250 Million)]. Commitment towards investments in new Hydro Power Companies to be set up in Arunachal Pradesh : Amounts indeterminate.

g) Joint and several liability in respect of Joint Venture projects and liquidated damages in respect of delays in completion of projects: Amounts indeterminate.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U45203OR1995PLC003982
Name of the company	COASTAL PROJECTS LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No. 237, 2^nd Floor, Bapuji Nagar, Bhubaneswar, Khurda-751009, Orissa, India E-Mail : cs@coastalprojects.co.in
Type of charge	Movable Property
Particular of charge holder	SREI Equipments Finance Private Limited, ‘Vishwakarma’, 86C, Tpasia Road, Kolkata – 700046, West Bengal, India E-Mail : sanjay_chaurasia@srei.com
Nature of description of the instrument creating or modifying the charge	Deed of hypothecation (LBV008)
Date of instrument Creating the charge	15.05.2012
Amount secured by the charge	Rs.40.320 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest 9.80% per annum Terms of Repayment Amount repayable in 35 monthly installments of Rs.1.329 Millions each Margin NIL Extent and Operation of the charge As per deed of Hypothecation
Short particulars of the property charged	1 no. Hydraulically operated pilling rig HR180. (Within India)

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Construction Equipments

· Office Equipments

· Furniture and Fixtures

· Construction Vehicles

· Office Vehicles

· Wind Mill

· Temporary Sheds

AS PER WEBSITE

HISTORY

Subject is one of the prosperous construction companies in private sector engaged in developing infrastructure projects all over the country. The Company incorporated in the year 1995, is mainly engaged in various civil works/construction activities in different states of the country. Subject has emerged as one of the pioneers and specialists in the Underground Excavations covering all jobs of civil construction of Hydro Power Projects like Power House Complex, HRT, TRT, Surge Shaft, Surge Chamber, Desilting Chambers, Adits etc. and is endowed with most efficient work force. The Company has achieved optimum quantities in record time, completing the works well ahead of the project schedules to the satisfaction of the clients. The Company has complete and well equipped technical backup and suitably trained and specialized man power in their respective fields and has been able to make commendable strides in its chosen field of infrastructure.

The Company has executed contracts of well established Corporations both in Private and Public Sector and is well versed with the dynamics of project execution. With the experience it has gained in the field of tunneling, it has entered into joint ventures with some of the leading companies and firms to take up certain mega projects in power generation and irrigation to expand its horizons Working in this direction the Company has successfully bid on its own the construction of Hydro Electric Projects on BOOT basis. The Company is executing Border Fencing Works on both eastern and westerns borders of India. Besides, the Company has acquired wind mill projects in the state of Tamilnadu to strengthen the national cause of pollution free power generation of with an alternate source of energy. The growth and prosperity of the company attracted sizeable private equity infusion resulting in high net-worth of Rs.3000.000 Millions by which the Company is eligible for sole participation in tenders without necessitating for a joint venture. The Company is presently commanding an order position of over Rs.40000.000 Millions and augmenting its top line and bottom line financials rapidly.

Subject with its past experience, has developed best and committed workforce in the field with a team of efficient leaders supported by experienced and well trained technical staff which includes among others 400 Engineering personnel viz. designers, planners, technicians and tradesmen, who are adept in handing the latest equipment that facilitate in increasing productivity in underground tunneling works and can adopt themselves easily to the new technologies to achieve national and international work standards. Simultaneously, the Company has procured comprehensive and best fleet of equipment/machinery to achieve the national and international standards, of which 3 Tunnel Boring Machines displaying the state-of-the-art technology in tunneling are in the company's prestigious possession. It has on rolls experienced engineers, technocrats and professionals with proven track record apart from skilled/semi-skilled labour to execute big projects even under extreme climatic/geographic conditions. The Company supports 2000 skilled and 6000 semi-skilled employees all over the country.

The Company has very sound financials with manifold increase in its turnover within immediately preceding span of 6 years. There has been a steady growth in projects year after year.

PROFILE

Subject is one of the prosperous construction companies in private sector engaged in developing infrastructure projects all over the country. The company Incorporated in the year 1995, is mainly engaged in various civil works/construction activities in different states of the country. Subject has emerged as one of the pioneers and specialists in the underground excavations covering all jobs of civil construction of hydro power projects like power house complex, HRT, TRT, Surge Shaft, Surge Chamber, Desilting Chambers, Adits etc

COASTAL PROJECTS PICKS 26% IN ITALIAN TUNNEL ENGINEERING FIRM

The Company has acquired 26% stake in SEU (Societa Esecuzione Lavori Idraullici S.p.A), one of the world's most experienced tunneling contractors based in Italy, for a total consideration of EUR 17.85 million

Italy-based SEU has established operations across the world including India. SEU also designs and builds hard rock and soft ground tunnel boring machines and auxiliary equipments in its manufacturing facility in Italy. SEU has completed more than 520 km of tunnels with the use of mechanized excavation systems and has completed 68 projects around the world.

Company has completed over 75 km of tunneling work and presently has 250 km under execution. The company is backed by prominent global private equity investors like Baring, Sequoia Capital, Fidelity and Deutsche Bank and has an order book of over Rs 75000.000 Millions.

Coastal Projects and SEU have also agreed to work together in South Asia. With increased number of tunneling projects in India expected to be implemented using Tunnel Boring Machines (TBMs), Coastal Projects stands to benefit from Its association with SEU as also designs and builds hard rock and soft ground tunnel boring machines and auxiliary equipment.

Coastal Projects already owns three TBMs in India and SEU's global expertise in operations and manufacturing of these machines will be a key differentiator at the time of bidding and execution of projects.

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.56.05
UK Pound	1	Rs.86.69
Euro	1	Rs.69.98

INFORMATION DETAILS

Report Prepared by :

BSN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--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		64

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.