MIRA INFORM REPORT

Report Date :

28.06.2012

IDENTIFICATION DETAILS

Name :	UNITECH POWER TRANSMISSION LIMITED
Formerly Known As :	HYUNDAI UNITECH ELECTRICAL TRANSMISSION LIMITED
Registered Office :	Unitech House, 6 Community Centre, Saket, New Delhi – 110017
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	14.09.1995
Com. Reg. No.:	55-072431
Capital Investment / Paid-up Capital :	Rs. 300.000 Millions
CIN No.: [Company Identification No.]	U74999DL1995PLC072431
TAN No.: [Tax Deduction & Collection Account No.]	DELH01932A
PAN No.: [Permanent Account No.]	AAACH4430Q
Legal Form :	A Closely held public limited liability company.
Line of Business :	Manufacturer of Towers, Solar Panel Structures, Consultancy, real estate and Construction of Transmission Lines.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Maximum Credit Limit :	USD 1000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. There appears some accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. In view of strong promoters, the company can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – 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 :	Unitech House, 6 Community Centre, Saket, New Delhi-110017, India
Tel. No.:	95-124-2341830 / 11-26857330
Fax No.:	95-124-2341829 / 11-26857338
E-Mail :	finance@uptl.co.in info@uptl.co.in
Website :	http://www.unitech-power.com
Head Office :	Ground floor, B – Block, Greenwood city, Sector – 45, Gurgoan – 122001, Haryana, India
Tel. No.:	91-124-2380863 / 2380865
Fax No.:	91-124-2341829 / 2380862
E-Mail :	hr@uptl.co.in uptl@unitechgroup.com
Factory :	A-33, MIDC Industrial Area, Butibori, Nagpur-441108, Maharashtra, India
Tel. No.:	91-7104-265457 / 265458
Fax No.:	91-7104-265441
E-Mail :	works@uptl.co.in

DIRECTORS

As on 04.08.2011

Name :	Mr. Mahesh Kumar Agrawal
Designation :	Whole-time Director
Address :	F-60, Green Wood City, Sector-46, Gurgaon-122001, Haryana, India
Date of Birth/Age :	12.06.1962
Date of Appointment :	01.04.2010
DIN NO.:	00690134

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	U74899DL1996PTC080899	UNITECH HOTELS PRIVATE LIMITED	Director	01-06-06	01-06-06	17-04-08	Active	NO
2	U70109DL2006PLC151755	DHAULAGIRI PROJECTS LIMITED	Additional director	21-08-06	21-08-06	10-09-07	Active	NO
3	U70109DL2006PLC151756	DEORIA PROJECTS LIMITED	Additional director	21-08-06	21-08-06	10-09-07	Active	NO
4	U70109DL2006PTC152179	SANGLA BUILDERS PRIVATE LIMITED	Additional director	05-09-06	05-09-06	10-09-07	Active	NO
5	U70109DL2006PTC152001	ZANSKAR REALTY PRIVATE LIMITED	Director	13-08-07	05-09-06	31-10-07	Active	NO
6	U70109DL2006PTC149620	LANDSCAPE PROJECTS PRIVATE LIMITED	Director	08-08-07	05-09-06	15-10-07	Active	NO
7	U70109DL2006PTC149537	ZANSKAR PROJECTS PRIVATE LIMITED	Director	28-09-07	05-09-06	-	Active	NO
8	U70109DL2006PTC152003	SURU PROPERTIES PRIVATE LIMITED	Director	13-08-07	05-09-06	-	Active	NO
9	U70109DL2006PTC152002	DEORIA REALTY PRIVATE LIMITED	Director	29-09-07	05-09-06	-	Active	NO
10	U70109DL2006PTC152050	SANKOO BUILDERS PRIVATE LIMITED	Director	28-09-07	05-09-06	-	Active	NO
11	U45200DL2006PTC155554	UNITECH COMMERCIAL AND RESIDENTIAL DEVELOPERS PRIVATE LIMITED	Director	21-08-07	23-12-06	-	Amalgamated	NO
12	U70109DL2006PTC152004	UNITECH LANDMARK BUILDERS PRIVATE LIMITED	Director	20-08-07	23-12-06	-	Active	NO
13	U45200DL2006PTC156284	COLOSSAL INFRA-DEVELOPERS PRIVATE LIMITED	Director	24-09-07	24-12-06	-	Active	NO
14	U45200DL2006PTC155043	ELBRUS DEVELOPERS PRIVATE LIMITED	Director	12-09-07	29-12-06	-	Active	NO
15	U24110WB2008PTC121374	PCR Chemicals Private Limited	Director	18-09-08	14-02-08	18-06-10	Active	NO
16	U11100DL2008PTC174831	MUNROS ENERGY PRIVATE LIMITED	Director	20-08-10	05-10-09	21-02-12	Strike off	NO
17	U11100DL2008PTC174832	EREBUS ENERGY PRIVATE LIMITED	Director	20-08-10	05-10-09	21-02-12	Strike off	NO
18	U11100DL2008PTC174679	NERIS ENERGY PRIVATE LIMITED	Director	20-08-10	05-10-09	21-02-12	Under Process of Striking off	NO
19	U11100DL2006PTC153591	KALAKRITI ENERGY PRIVATE LIMITED	Director	04-09-10	05-10-09	-	Strike off	NO
20	U11100DL2006PTC154770	COLOSSAL ENERGY PRIVATE LIMITED	Director	30-08-10	05-10-09	-	Strike off	NO
21	U11100DL2007PTC157434	SUBLIME ENERGY PRIVATE LIMITED	Director	20-09-10	05-10-09	-	Strike off	NO
22	U11100DL2007PTC158395	HIGH STRENGTH ENERGY PRIVATE LIMITED	Director	20-09-10	05-10-09	-	Strike off	NO
23	U74999DL1995PLC072431	UNITECH POWER TRANSMISSION LIMITED	Whole-time director	01-04-12	01-04-10	-	Active	NO
24	U45200DL2007PTC159732	UNITECH INFRA-PROJECTS PRIVATE LIMITED	Director	15-07-10	15-07-10	-	Active	NO
25	U40108DL2007PTC171151	UNITECH POWER PROJECTS PRIVATE LIMITED	Director	27-09-10	01-09-10	-	Active	NO

Name :	Mr. Rajan Narula
Designation :	Director
Address :	I-33, 1^st Floor, Kirti Nagar, New Delhi-110015, India.
Date of Birth/Age :	02.04.1967
Date of Appointment :	26.06.2009
DIN NO.:	01633520

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	U92199DL2002PLC114253	UNITECH AMUSEMENT PARKS LIMITED	Director	25-09-07	17-07-07	-	Active	NO
2	U92199DL2002PTC114139	INTERNATIONAL RECREATION PARKS PRIVATE LIMITED	Director	25-09-07	18-07-07	-	Active	NO
3	U45200DL2006PTC155282	COLOSSAL PROPERTIES PRIVATE LIMITED	Additional director	12-09-07	12-09-07	01-12-07	Active	NO
4	U11100DL2006PTC154770	COLOSSAL ENERGY PRIVATE LIMITED	Director	28-07-08	12-09-07	07-04-09	Strike off	NO
5	U45200DL2007PTC160116	ARDENT PROPERTIES PRIVATE LIMITED	Director	01-08-08	12-09-07	24-12-08	Active	NO
6	U45200DL2006PTC156980	PRIMROSE DEVELOPERS PRIVATE LIMITED	Director	13-08-08	12-09-07	-	Active	NO
7	U11100DL2007PTC158395	HIGH STRENGTH ENERGY PRIVATE LIMITED	Director	07-08-08	12-09-07	-	Strike off	NO
8	U70102DL2007PTC160019	DEORIA ESTATES PRIVATE LIMITED	Director	30-07-08	12-09-07	-	Active	NO
9	U70109DL2006PTC152562	UNITECH REALTY CONSTRUCTIONS PRIVATE LIMITED	Director	26-09-08	27-10-07	-	Amalgamated	NO
10	U45200DL2007PTC157924	UNITECH REAL-TECH DEVELOPERS PRIVATE LIMITED	Director	25-09-08	27-10-07	-	Active	NO
11	U70109DL2007PTC157740	UNITECH REALTY SOLUTIONS PRIVATE LIMITED	Director	26-09-08	31-10-07	-	Amalgamated	NO
12	U45200DL2007PTC158767	UNITECH HI-TECH INFRASTRUCTURES PRIVATE LIMITED	Director	26-09-08	31-10-07	-	Active	NO
13	U92412DL2007PTC165316	ALOR GOLF COURSE PRIVATE LIMITED	Director	05-08-08	28-03-08	13-04-09	Active	NO
14	U92412DL2007PTC165314	ALOR RECREATION PRIVATE LIMITED	Director	05-08-08	28-03-08	13-04-09	Active	NO
15	U50102DL2007PTC165317	ALOR MAINTENANCE PRIVATE LIMITED	Director	05-08-08	28-03-08	13-04-09	Active	NO
16	U70101DL2005PLC132047	UNITECH SERVICE APARTMENTS LIMITED	Additional director	13-12-08	13-12-08	27-11-10	Active	NO
17	U70101DL2005PLC134656	SOMERVILLE DEVELOPERS LIMITED	Director	17-09-09	13-12-08	-	Active	NO
18	U45400DL2007PTC166534	UNITECH WIRELESS (DELHI) Private LIMITED	Director	20-03-09	20-03-09	18-05-09	Amalgamated	NO
19	U45400DL2007PTC167060	UNITECH WIRELESS (EAST) PRIVATE LIMITED	Director	20-03-09	20-03-09	18-05-09	Amalgamated	NO
20	U45300DL2007PTC166531	UNITECH WIRELESS (KOLKATA) Private LIMITED	Director	20-03-09	20-03-09	18-05-09	Amalgamated	NO
21	U45400DL2007PTC166896	UNITECH WIRELESS (MUMBAI) PRIVATE LIMITED	Director	20-03-09	20-03-09	18-05-09	Amalgamated	NO
22	U45400DL2007PTC167483	UNITECH WIRELESS (NORTH) PRIVATE LIMITED	Director	20-03-09	20-03-09	18-05-09	Amalgamated	NO
23	U45400DL2007PTC167056	UNITECH WIRELESS (SOUTH) Private LIMITED	Director	20-03-09	20-03-09	18-05-09	Amalgamated	NO
24	U45400DL2007PTC166910	UNITECH WIRELESS (TAMILNADU) PRIVATE LIMITED	Director	20-03-09	20-03-09	18-05-09	Active	NO
25	U45400DL2007PTC167633	UNITECH WIRELESS (WEST) PRIVATE LIMITED	Director	20-03-09	20-03-09	18-05-09	Amalgamated	NO
26	U64203DL2008PTC184382	SIMPSON UNITECH WIRELESS PRIVATE LIMITED	Director	30-09-09	30-03-09	02-03-10	Active	NO
27	U64200DL2008PLC179150	UNITECH BROADCAST LIMITED	Director	22-09-09	07-04-09	-	Amalgamated	NO
28	U72900DL2008PLC179149	UNITECH BROADBAND LIMITED	Director	22-09-09	07-04-09	-	Amalgamated	NO
29	U64201DL2008PLC179175	UNITECH TELECOM HOLDINGS LIMITED	Director	22-09-09	07-04-09	-	Amalgamated	NO
30	U64203DL2008PLC178795	UNITECH WIRELESS LIMITED	Director	22-09-09	07-04-09	-	Amalgamated	NO
31	U64200DL2008PTC184499	ACORUS UNITECH WIRELESS PRIVATE LIMITED	Director	30-09-09	07-04-09	02-03-10	Active	NO
32	U64200DL2008PTC184380	CESTOS UNITECH WIRELESS PRIVATE LIMITED	Director	30-09-09	07-04-09	02-03-10	Active	NO
33	U31300DL2008PTC184688	FLORES UNITECH WIRELESS PRIVATE LIMITED	Director	07-04-09	07-04-09	10-02-10	Active	NO
34	U45202MH2008PTC180356	SHIVALIK VENTURES PRIVATE LIMITED	Director	23-09-09	16-06-09	-	Active	NO
35	U45200DL2007PTC172021	UNITECH LONG DISTANCE COMMUNICATION SERVICES Private Limited	Managing director	17-06-09	17-06-09	04-11-09	Amalgamated	NO
36	U74999DL1995PLC072431	UNITECH POWER TRANSMISSION LIMITED	Director	18-08-09	26-06-09	-	Active	NO
37	U45202MH2008PTC187463	ICON SPACES PRIVATE LIMITED	Nominee director	13-08-09	13-08-09	07-09-10	Active	NO
38	U74140DL2011PLC213306	JMR CORPORATE SOLUTIONS LIMITED	Director	02-02-11	02-02-11	-	Active	NO

Name :	Mr. Krishan D Rajani
Designation :	Director
Address :	23B, Maker Towers, Cuffe Parade, Mumbai-400005, Maharashtra, India
Date of Birth/Age :	18.06.1947
Date of Appointment :	07.06.2001
DIN NO.:	00231059

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	U70100MH1999PTC122878	TOWN-SQUARE PROPERTIES PRIVATE LIMITED	Director	02-12-99	02-12-99	-	Active	NO
2	U72100MH2000PTC126455	ECONSTRUCT TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	12-05-00	12-05-00	-	Active	NO
3	U74999DL1995PLC072431	UNITECH POWER TRANSMISSION LIMITED	Director	07-06-01	07-06-01	09-12-11	Active	NO
4	U70101MH2002PTC135450	TRISTAR INFRASTRUCTURE PRIVATE LIMITED	Director	08-04-02	08-04-02	-	Active	NO
5	AAA-7984	TRISTAR INFRAPROJECTS LLP TRISTAR INFRAPROJECTS LLP	-	15-02-12	15-02-12	-	Active	NO
6	AAA-7984	TRISTAR INFRAPROJECTS LLP TRISTAR INFRAPROJECTS LLP	-	15-02-12	15-02-12	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Pradeep Kumar
Designation :	Secretary
Address :	Flat No. 1, Din Apartments, Sector – 4, Plot No. 7, Dwarka, New Delhi – 110075, India
Date of Birth/Age :	22.06.1959
Date of Appointment :	01.05.2005

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 04.08.2011)

Names of Shareholders	No. of Shares
Unitech Limited, New Delhi, India	29999940
Unitech Limited Jointly with Unitech Builders Limited, India	10
Unitech Limited Jointly with Unitech Industries Limited, India	10
Unitech Limited Jointly with New India Construction Limited, India	10
Unitech Limited Jointly with Runi Construction Company Limited, India	10
Unitech Limited Jointly with Supernal Corrugation (India) Limited, India	10
Unitech Limited Jointly with Unitech Business Parks Limited, India	10
TOTAL	30000000

(AS ON 04.08.2011)

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Towers, Solar Panel Structures, Consultancy, real estate and

Construction of Transmission Lines.

Products :

ITEM CODE	PRODUCT DESCRIPTION
3402	Tower and Latice Masts of Iron and Steel

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Towers and Lattice of Iron and Steel/Galvanised Angles and Plates	M.T	40000	23311.204

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Syndicate Bank (Consortium) Corporate Finance Branch, Sarojini House, 6, Bhagwan Das Road, New Delhi - 110001, Delhi, India

Facilities :

Secured Loan	Rs. in million 31.03.2011	Rs. in million 31.03.2010
From Financial Institution
Rupee term loan	22.436	59.863
Interest accrued and due	0.000	1.145
From scheduled bank
Rupee term loan	0.000	300.000
Working capital	240.231	125.251
Loan for vehicles	0. 722	0.716
Total	263.389	486.975
Unsecured Loan	Rs. in million 31.03.2011	Rs. in million 31.03.2010
Loan for Fixed Assets	320.300	246.672
Total	320.300	246.672

Banking Relations :	--
Auditors :
Name :	Goel Garg and Company Chartered Accountants
Address :	H-4, Masjid Moth, Greater Kailash II, New Delhi-110048, India.
Tel. No.:	91-11-46539501/46539502
Fax No.:	91-11-41636825
E-Mail :	mailin@goelgarggroup.com office@goelgarggroup.com
PAN NO.:	AAAFG6036E
Holding Company :	Unitech Limited CIN NO.: L74899DL1979PLC009720

CAPITAL STRUCTURE

(AS ON 31.03.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
30000000	Equity Shares	Rs.10/- each	Rs. 300.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
30000000	Equity Shares	Rs.10/- each	Rs. 300.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		300.000	300.000	200.000
2] Share Application Money		0.000	0.000	139.097
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(28.078)	(56.398)	(55.130)
NETWORTH		271.922	243.602	283.967
LOAN FUNDS
1] Secured Loans		263.389	486.975	845.814
2] Unsecured Loans		320.300	246.672	0.000
TOTAL BORROWING		583.689	733.647	845.814
DEFERRED TAX LIABILITIES		6.136	14.203	14.519
TOTAL		861.747	991.452	1144.300
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		131.713	119.081	131.234
Capital work-in-progress		2.384	1.359	1.359
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	27.776	31.481
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	309.440	234.007	226.047
	Sundry Debtors	643.519	441.583	498.388
	Cash & Bank Balances	123.738	58.052	32.505
	Other Current Assets	0.000	98.585	69.255
	Loans & Advances	361.585	445.724	801.138
Total Current Assets		1438.282	1277.951	1627.333
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	508.511	277.501	509.419
	Other Current Liabilities	188.355	152.367	126.361
	Provisions	13.766	4.847	11.327
Total Current Liabilities		710.632	434.715	647.107
Net Current Assets		727.650	843.236	980.226
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		861.747	991.452	1144.300

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1836.250	958.255	946.029
		Other Income	21.580	86.158	69.565
		TOTAL (A)	1857.830	1044.413	1015.594
Less	EXPENSES
		Consumption materials changes inventories	1387.796	686.692
		Manufacturing service costs	74.960	29.240
		Contract cost	60.309	45.342	931.291
		Employee related expenses	53.307	46.806
		Administrative selling other expenses	105.719	66.865
		TOTAL (B)	1682.091	874.945	931.291
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		175.739	169.468	84.303
Less	FINANCIAL EXPENSES (D)		110.251	154.552	138.578
	PROFIT / LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		65.488	14.916	(54.275)
Less/ Add	DEPRECIATION/ AMORTISATION		9.777	12.396	15.728
Add	PRIOR PERIOD EXPENSES		0.619	(0.399)	2.623
	PROFIT / LOSS BEFORE TAX		56.330	2.121	(67.380)
Less	TAX		28.009	3.389	(21.130)
	PROFIT / LOSS AFTER TAX		28.321	(1.268)	(46.250)
Less	EXCESS PROVISION WRITTEN BACK		0.000	0.000	(0.097)
Add	PREVIOUS YEARS’ BALANCE / LOSS BROUGHT FORWARD		(56.399)	(55.131)	(8.978)
	BALANCE / LOSS CARRIED TO THE B/S		(28.078)	(56.399)	(55.131)
	EARNINGS IN FOREIGN CURRENCY
		Export of goods on FOB	75.582	254.248	19.384
	TOTAL EARNINGS		75.582	254.248	19.384
	IMPORTS
		Stores & Spares	0.658	0.000	0.000
		Capital Goods	6.625	0.000	3.635
		Construction Material	0.000	7.382	0.000
	TOTAL IMPORTS		7.283	7.382	3.635
	Earnings / Loss Per Share (Rs.)		0.94	(0.04)	(2.31)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.52	(0.12)	(4.55)
Net Profit Margin (PBT/Sales)	(%)	3.07	0.25	(7.12)
Return on Total Assets (PBT/Total Assets}	(%)	3.59	0.15	(3.76)
Return on Investment (ROI) (PBT/Networth)		0.21	0.01	(0.24)
Debt Equity Ratio (Total Liability/Networth)		4.78	4.80	5.26
Current Ratio (Current Asset/Current Liability)		2.02	2.94	2.51

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	No
Name of Person Contacted	No
Designation of Contact person	No
Turnover of Firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-----------
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	Yes
Major Suppliers	No
Major Customers	No
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	-----------
Litigations that the firm/ Promoters Involved in	------------
Banking details	Yes
Banking Facility Details	Yes
Conduct of the Banking Account	-----------
Buyer visit details	-----------
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes

OPERATIONS

The company has been able to demonstrate the scalability of its operations by growing impressively without compromising on operational excellence. The turnover and other income rose by 80% to Rs. 1909.000 Millions as compared to Rs 1063.600 Millions in the previous year.

Further, the profit after tax jumped to Rs. 28.300 Millions as compared to (1.300) Million during the previous year. This is highest turnover and profitability achieved by the company in a year. During the year, the company completed four transmission lines for Rajasthan Rajya Vidyut Nigam Limited and Two lines for Uttar Pradesh Power Transmission Corporation Limited.

OUTLOOK

The ability to address the client needs with high level of efficiency has held the company in good stead in 2010-11. The company’s performance during the year has been very good. The continuous improvement in performance of the company, mainly be attributed to healthy growth of power sector, higher capacity utilization, ongoing emphasis on productivity and efficiency i.e. improvement in all area of operations.

Cost control measures and action for sustainable growth will further enable the company to consolidate its financial in near future. The continous rapid growth in power sector shall provide impressive growth to the company in coming years. Recently the company secured orders from Reliance Utility Engineers (P) Limited for 400 KV transmission line in U.P and Mohan Energy Corporation for export of towers to Mali.

The company has orders for supply of about 31000 MT towers and construction of 330 KM lines worth Rs. 2000.000 Millions in hand and about 1000.000 Millions in pipeline as on 31st March, 2011. In addition the company submitted tenders more than 4000.000 Millions. The company is in process of restructuring of organization in order to increase production capacity and bring operational efficiency.

SHARE CAPITAL

The paid-up capital of the company Rs. 300.000 Millions (Previous Year Rs. 300.000 Millions) i.e. 3,00,00,000 (Previous Year 3,00,00,000) equity shares of Rs.10/- each, fully paid-up are held by Unitech Limited.

BUSINESS SEGMENTS:

The Business operations of the company comprise of Manufacturing of Towers, Solar Panel Structures, Consultancy, real estate and Construction of Transmission Lines.

(i) The manufacturing and trading of Towers include Transmission line Towers, I.T. Towers (CDMA, FM, TV, Microwave Towers) and Structure for Sub-stations.

(ii) Transmission Lines and Designing include Foundation, Erection, Stringing and Commissioning of Lines and Designing of Towers, Foundations and Consultancy for preliminary civil works and overseeing of Project executions.

FORM 8

Corporate identity number of the company	U74999DL1995PLC072431
Name of the company	UNITECH POWER TRANSMISSION LIMITED
Address of the registered office or of the principal place of business in India of the company	Unitech House, 6 Community Centre, Saket, New Delhi-110017, India
This form is for	Creation of charge
Type of charge	Immovable property Book Debts Movable Property (not being pledge)
Particular of charge holder	Syndicate Bank (Consortium), Corporate Finance Branch, Sarojini House, 6, Bhagwan Das Road, New Delhi – 110001, India Email: dl.9095delcorpfin@syndicatebank.co.in
Nature of description of the instrument creating or modifying the charge	Joint Deed of Hypothecation and Working Capital Consortium Agreement
Date of instrument Creating the charge	12.03.2012
Amount secured by the charge	Rs. 1750.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per schedule -B of Working Capital Consortium Agreement dtd. 12.03.2012 Terms of Repayment As per clause of Working Capital Consortium Agreement dtd. 12.03.2012 Margin As per clause of Working Capital Consortium Agreement dtd. 12.03.2012 and Joint Deed of Hypothecation dtd. 12.03.2012 Extent and Operation of the charge First Charge in favour of SB consortium on current assets and on fixed assets and immovable properties of the company is to secure the following credit limits: 1. Syndicate Bank : A) SOD - Rs. 150.000 Millions, B)Letter of Credit (Import/Inland) - Rs. 130.000 Millions, and C) BG/FX BG - Rs. 700.000 Millions, total amounting to Rs. 980.000 Millions 2. Oriental Bank of Commerce: A) Cash Credit (HYP.) - Rs. 150.000 Millions (B) Letter of Credit (Import /Inland) - Rs. 120.000 Millions (C) BG/ FX BG- Rs. 500.000 Millions, total amounting to Rs. 770.000 Millions
Short particulars of the property charged	First charge on pari passu basis in favour of Syndicate Bank consortium on current assets namely stocks of raw material stocks in process semi finished and finished goods stores and spares including stocks lying at depots in transit godowns and or any other place. and All the book-debts, bills /other receivables of the company both present and future. and entire plant and machinery of the company and First charge on pari passu basis in favour of Syndicate Bank consortium on fixed assets namely entire plant and machinery of the borrower company and all other fixed assets of the company. and company immovable property being plot No. A-33 in the Butibori Industrial Area within the village limits of Ruikhairi and outside the limits of Nagpur Municipal Coucil Taluka and Regd. sub Hingna and Distt. and Regd. Distt. Nagpur Admeasuring 87600 sq.mtrs.

FIXED ASSETS

· Leasehold Land

· Building

· Plant and Machinery

· Electrical Installation

· Roads

· Computer Peripheral

· Furniture and Fixture

· Office Equipment

· Vehicles

CONTINGENT LIABILITIES IN RESPECT OF:

Particulars	Rs. in million 31.03.2011	Rs. in million 31.03.2010
Guarantee given by the Company	778.798	527.539
Disputed Sales Tax Matter: - Application to Commissioner of Sales Tax, Bombay for determination / Sales Tax Appeals.	5.316	5.316
- Sales Tax Authorities disallowed the Incentives under 1993 Package Scheme & other in Assessment for 2004- 05	27.944	26.825
Disputed Excise Matters: - Matters decided in favour of Company however department has filed appeals with Higher Authorities.	16.773	9.475
- Show cause notice issued by the Department, reply filed	5.609	18.064
Disputed Service Tax Matters: Show Cause Notice issued by department, Case pending at CESTAT, demand stayed.	18.111	18.064
Disputed Work Contract Tax Matter Matter decided in favour of company, however department has filed appeals with Higher Authorities.	2.642	2.642

AS PER WEB DETAILS

PROFILE

Subject is the leading engineering and turnkey contracting company, with specialization in the domain of High Voltage Power Transmission Lines upto 800 kV.

Counted amidst the top major suppliers of Galvanized Steel Lattice Towers and structures in South Asia region, UPTL has emerged as a dedicated engineering company providing absolute solutions through; technical services, supplying and installing HVAC / HVDC Power Transmission systems, communication towers and special structures worldwide.

Subject was established as a 'Joint Venture', on solid foundations of engineering, experience, expertise and technological insight of two major engineering companies that are Hyundai, Korea and Unitech Limited, India. Over the last one decade have become one of the renowned and trusted names in the Transmission Industry.

They are now 100% subsidiary of Unitech Group India which is a household name in Civil Construction and Real Estate in India. Today Unitech Group has over 300 million USD sales annually.

Moreover, they are equipped with most modern management techniques and impeccable infrastructure with latest technological equipment and software. Their infrastructure has enabled us in manufacturing and supplying galvanized steel lattice structures for transmission and communication towers. The company's commitment towards producing superior quality products and never ending quest for improvisation through innovative RandD has enabled us to achieve highest standards in all the departments.

UPTL aims to become a leading company internationally, with their team of competent and knowledgeable professionals in transmission industry. They are always striving for the superior quality, economical cost solutions, time framed delivery and always ensuring client's milestones in the completion of projects.

ABOUT UNITECH GROUP:

Established in 1972, Unitech is today a leading real estate developer in India. Known for the quality of its products, it is the first developer to have been certified ISO 9001:2000 in North India and offers the most diversified product mix comprising residential, commercial/IT parks, retail, hotels, amusement parks and SEZs.

The well-recognised brand was yet again conferred with the title of "Superbrand" by Superbrands India in 2009. The Company is also the recipient of the CW Architect and Builders Award, 2008 for being one of India's Top Ten Builders.

Unitech has long partnered with internationally acclaimed architects and design consultants including SOM (USA), BDP (UK), Maunsell AECOM (HK), MEA Systra (France), Callison Inc. (USA), FORREC (Canada), SWA and HOK (USA) for various projects.

The large list of clientèle for commercial project includes global leader like Fidelity, HP, Gillette, EDS, Hewitt, Convergys, Reebok, Kean, Fritolays, Sun Life Assurance, BCG, AT Kearney, Seagrams, Perfetti,General Motors and more. Unitech has been able to create a niche for itself in the Indian real estate domain and currently has almost 1700 employees including 600 engineers, architects and management professionals.

It has an enviable clientele for commercial projects including Fidelity, McKinsey, Bank of America, Ford Motors, Nike, EDS, Hewitt, Amdocs, Ernst and Young, Reebok, Keane, Seagrams, Perfetti, Exxon Mobil and AT Kearney.

Unitech Scrip is one of the most liquid stocks in the Indian stock markets and was the first real estate company to be part of the National Stock Exchange's NIFTY 50 Index. The company has over 600,000 shareholders.

Unitech and Norway based Telenor Group - the 6th largest mobile communication provider in the world, came together to build Uninor - a telecommunication services company providing GSM services across India.

Recently the Company has ventured into the infrastructure business by launching Unitech Infra, thus leveraging its decades of experience and expertise in real estate.]

ABOUT UNITECH LIMITED

Unitech has emerged as the largest listed real estate company in India today. From being a National Capital Region (NCR) focused and expertized real estate developer, Unitech is fast establishing its presence on the Indian map. Unitech has attained the position of a market leader in NCR and Kolkata with a market capitalization of around US$ 10 billion. It has been able to offer diversified product mix comprising residential, commercial/ Information Technology (IT) Park, Amusement parks, Hotels and more.

Unitech became the first Indian real estate developer to have been recognized for it's quality and accredited with ISO 9001:2000 certificate. Unitech has built an long lasting professional repute with internationally acclaimed architects and design consultants including; Callison Inc (USA), RMJM (UK), FORREC (Canada), RSP (Singapore) and HOK (USA) for various projects. The large list of clientèle for commercial project includes global leader like Fidelity, HP, Gillette, EDS, Hewitt, Convergys, Reebok, Kean, Fritolays, Sun Life Assurance, BCG, AT Kearney, Seagrams, Perfetti,General Motors and more. Unitech has been able to create a niche for itself in the Indian real estate domain and currently has almost 1700 employees including 600 engineers, architects and management professionals.

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. 57.22
UK Pound	1	Rs. 89.42
Euro	1	Rs. 71.46

INFORMATION DETAILS

Report Prepared by :

ACH

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.