MIRA INFORM REPORT

Report Date :

24.03.2012

IDENTIFICATION DETAILS

Name :	SEW INFRASTRUCTURE LIMITED
Formerly Known As :	SEW CONSTRUCTION LIMITED
Registered Office :	6-3-871, Snehalatha, Greenlands Road, Begumpet, Hyderabad – 500016, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	08.02.1983
Com. Reg. No.:	01-003796
Capital Investment / Paid-up Capital :	Rs.479.271 Millions
CIN No.: [Company Identification No.]	U45200AP1983PLC003796
Legal Form :	Closely Held Public Limited Liability Company
Line of Business :	Construction Activity
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (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 25000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. Financial position of the company appears to ne sound. Trade relations are reported as fair. Business is active. Payments are reported to 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 / Head Office :	6-3-871, Snehalatha, Greenlands Road, Begumpet, Hyderabad – 500016, Andhra Pradesh, India
Tel. No.:	91-40-66300000
Fax No.:	91-40-23405016 / 23417553
E-Mail :	mail@sewinfrastructure.com sewconhyd@eth.net cs@sewinfrastructure.com
Website :	http://sewinfrastructure.com
Regional Office :	Located at · New Delhi · West Bengal · Andhra Pradesh

DIRECTORS

As on 29.09.2011

Name :	Mr. Raja Sekhar Valluripalli
Designation :	Managing director
Address :	Flat No.501, pl.ot No.41, Jyoti Manor, Srinnagar Colony Hyderabad – 500073, Andhra Pradesh, India
Date of Birth/Age :	02.08.1964
Date of Appointment :	12.09.1998
DIN No.:	00370526

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	U40101AP1997PLC028298	SEW RHO POWER CORPORATION LIMITED	Director	28-11-97	28-11-97	31-08-09	Active	NO
2	U40106AP1996PLC022929	INDUS BUSINESS SYSTEMS LIMITED	Managing director	01-10-09	01-07-98	04-06-10	Active	NO
3	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Managing director	01-10-11	12-09-98	-	Active	NO
4	U85110AP1985PTC006011	ADITYA HOSPITALS PRIVATE LIMITED	Director	10-11-01	10-11-01	-	Active	NO
5	U45309WB2006PLC108996	WEST BENGAL SEW PRASAD INFRASTRUCTURE LIMITED	Nominee director	20-06-08	19-04-06	-	Active	NO
6	U45201MH2006PTC164648	SEW VIDARBHA INFRASTRUCTURE PRIVATE LIMITED	Director	15-09-06	15-09-06	09-01-08	Active	NO
7	U70102AP2007PLC052663	SEW REALTY LIMITED	Director	07-02-07	07-02-07	-	Active	NO
8	U40101AP2007PLC052941	SEW GREEN ENERGY LIMITED	Director	23-02-07	23-02-07	23-08-07	Active	NO
9	U70102MH2007PTC168858	CSVT HOMES PRIVATE LIMITED	Director	16-03-07	16-03-07	07-07-08	Strike off	NO

Name :	Mr. Thirpath Reddy Mula
Designation :	Whole-time director
Address :	Plot No. 184, Road 15, Jublilee Hills, Hyderabad, India
Date of Birth/Age :	04.02.1927
Date of Appointment :	09.09.1983
DIN No.:	00357974

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	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Whole-time director	01-10-11	09-09-83	-	Active	NO
2	U45202PN1998PLC013152	SEW CONSTRUCTIONS (MAHARASHTRA) LIMITED	Director	18-12-99	18-12-99	-	Active	NO
3	U40105AP2008PLC058508	SEW NAFRA POWER CORPORATION LIMITED	Director	29-09-10	01-04-10	-	Active	NO
4	U40101AP2007PLC052941	SEW GREEN ENERGY LIMITED	Director	29-09-10	01-07-10	-	Active	NO
5	U40108AP2010PLC069326	SEW RANGMAW POWER CORPORATION LIMITED	Director	06-07-10	06-07-10	-	Active	NO

Name :	Mr. Balakrishnarao Yalamanchili
Designation :	Whole-time director
Address :	Plot No. 167, Road 13 A, Jublilee Hills, Hyderabad, India
Date of Birth/Age :	10.06.1948
Date of Appointment :	01.10.1989
DIN No.:	00358282

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	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Whole-time director	01-10-11	01-10-89	-	Active	NO
2	U80301AP1999PTC031960	SAMAIKYA EDUCATIONS PRIVATE LIMITED	Director	23-06-99	23-06-99	-	Active	NO
3	U24299AP2003PLC042010	RA'PURE LIFE SCIENCES LIMITED	Director	05-11-03	05-11-03	-	Active	NO
4	U24239AP2006PLC050996	NEOCARE NATURALS LIMITED	Director	28-08-06	28-08-06	-	Active	NO
5	U40101AP2007PLC052941	SEW GREEN ENERGY LIMITED	Additional director	23-08-07	23-08-07	01-07-08	Active	NO
6	U40105AP2008PLC058508	SEW NAFRA POWER CORPORATION LIMITED	Nominee director	02-04-08	02-04-08	01-07-08	Active	NO

Name :	Mr. Gangadhara Rao Yalamanchili
Designation :	Whole-time director
Address :	Plot No. 417/A, Road 18, Jublilee Hills, Hyderabad, India
Date of Birth/Age :	15.08.1954
Date of Appointment :	12.09.1998
DIN No.:	00358053

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	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Whole-time director	01-10-11	12-09-98	-	Active	NO
2	U80301AP1999PTC031960	SAMAIKYA EDUCATIONS PRIVATE LIMITED	Director	23-06-99	23-06-99	-	Active	NO
3	U24299AP2003PLC042010	RA'PURE LIFE SCIENCES LIMITED	Director	05-11-03	05-11-03	-	Active	NO
4	U24239AP2006PLC050996	NEOCARE NATURALS LIMITED	Director	28-08-06	28-08-06	-	Active	NO
5	U40101AP2007PLC052941	SEW GREEN ENERGY LIMITED	Director	23-02-07	23-02-07	-	Active	NO
6	U40105AP2008PLC058508	SEW NAFRA POWER CORPORATION LIMITED	Nominee director	02-04-08	02-04-08	-	Active	NO
7	U40101AP2008PLC060107	SEW NYUKCHARONG CHU POWER CORPORATION LIMITED	Nominee director	11-07-08	11-07-08	-	Active	NO
8	U40105AP2008PLC060189	SEW MAGO CHU POWER CORPORATION LIMITED	Nominee director	17-07-08	17-07-08	-	Active	NO
9	U40102DL2006PTC150487	TT ENERGY PRIVATE LIMITED	Nominee director	27-11-08	27-11-08	22-05-11	Active	NO
10	U40101AP1997PLC028298	SEW RHO POWER CORPORATION LIMITED	Director	29-09-09	31-08-09	-	Active	NO
11	U40108AP1999PLC031522	SEW THERMAL POWER CORPORATION LIMITED	Director	30-09-09	31-08-09	-	Active	NO
12	U40104AP2009PLC066442	SEW POWER LIMITED	Director	22-12-09	22-12-09	-	Active	NO
13	U40108AP2010PLC068928	SEW THERMAL POWER CORPORATION (AP) LIMITED	Director	14-06-10	14-06-10	-	Active	NO
14	U40108AP2010PLC069326	SEW RANGMAW POWER CORPORATION LIMITED	Director	06-07-10	06-07-10	-	Active	NO
15	U23203AP2010PLC070842	SEW CARBONS LIMITED	Director	13-10-10	13-10-10	-	Active	NO
16	U45203AP2011PLC073071	SEW DSY TOLLWAYS LIMITED	Director	07-03-11	07-03-11	27-06-11	Active	NO

Name :	Mr. Anilkumar Sunkara
Designation :	Whole-time director
Address :	Plot No. 44, Flat – 302, Padmaja Paradise, Srinagar Colony, Hyderabad, India
Date of Birth/Age :	02.06.1966
Date of Appointment :	12.09.1998
DIN No.:	00357786

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	U20230AP1986PTC006888	INDIAN TIMBER PRODUCTS PRIVATE LIMITED	Director	30-09-95	30-09-95	11-01-10	Active	NO
2	U40106AP1996PLC022929	INDUS BUSINESS SYSTEMS LIMITED	Director	01-07-98	01-07-98	04-06-10	Active	NO
3	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Whole-time director	01-10-11	12-09-98	-	Active	NO
4	U45202PN1998PLC013152	SEW CONSTRUCTIONS (MAHARASHTRA) LIMITED	Director	18-12-99	18-12-99	08-03-11	Active	NO
5	U15209AP1999PTC032245	ITP ENTERPRISES PRIVATE LIMITED	Director	08-12-04	08-12-04	11-01-10	Active	NO
6	U45200AP2007PTC056237	SEW NAVAYUGA BARWANI TOLLWAYS PRIVATE LIMITED	Director	06-11-07	06-11-07	-	Active	NO
7	U40105AP2008PLC060189	SEW MAGO CHU POWER CORPORATION LIMITED	Nominee director	17-07-08	17-07-08	-	Active	NO
8	U93000AP2008PTC061110	DEZIGN ELEMENTZ CONSULTANTS PRIVATE LIMITED	Director	18-09-08	18-09-08	14-08-11	Active	NO
9	U45203AP1997PLC026884	SEW TRANSPORTATION NETWORKS LIMITED	Director	27-04-09	27-04-09	-	Active	NO
10	U40104AP2009PLC066442	SEW POWER LIMITED	Director	22-12-09	22-12-09	-	Active	NO
11	U40108AP2010PLC068928	SEW THERMAL POWER CORPORATION (AP) LIMITED	Director	14-06-10	14-06-10	-	Active	NO
12	U40104AP2001PLC037125	SREE VENKATESWARA POWER AND UTILITIES LIMITED	Nominee director	02-09-11	30-06-10	-	Active	NO
13	U40108AP2010PLC069326	SEW RANGMAW POWER CORPORATION LIMITED	Director	06-07-10	06-07-10	-	Active	NO
14	U45400AP2010PLC069982	SEW BELLARY HIGHWAYS LIMITED	Director	13-08-10	13-08-10	-	Active	NO
15	U40108AP1999PLC031522	SEW THERMAL POWER CORPORATION LIMITED	Director	28-09-11	13-10-10	-	Active	NO
16	U23203AP2010PLC070842	SEW CARBONS LIMITED	Director	13-10-10	13-10-10	-	Active	NO
17	U90000AP2011PLC072835	BALAJI INDUSTRIAL TREATMENT SYSTEMS LIMITED	Director	23-02-11	23-02-11	05-12-11	Active	NO
18	U45203AP2011PLC073071	SEW DSY TOLLWAYS LIMITED	Director	07-03-11	07-03-11	23-07-11	Active	NO
19	U45400AP2011PLC073116	SEW KRISHNAGAR BAHARAMPORE HIGHWAYS LIMITED	Director	08-03-11	08-03-11	-	Active	NO
20	U45400AP2011PLC073484	SEW VIZAG PORT TERMINAL LIMITED	Director	24-03-11	24-03-11	-	Active	NO
21	U45200AP2011PLC075680	SEW LSY HIGHWAYS LIMITED	Director	27-07-11	27-07-11	-	Active	NO
22	U45400AP2012PTC078503	SEW VIZAG COAL TERMINAL PRIVATE LIMITED	Director	11-01-12	11-01-12	05-03-12	Active	NO

Name :	Mr. Raj Kumar Vallurupalli
Designation :	Whole-time director
Address :	Plot No. 1267 A, Road 63 A, Jublilee Hills, Hyderabad, India
Date of Birth/Age :	04.03.1951
Date of Appointment :	01.07.2004
DIN No.:	00008848

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	U31909AP1979PTC002572	ECLUMINAR PRIVATE LIMITED	Director	27-11-79	27-11-79	-	Active	NO
2	U85110AP1985PTC006011	ADITYA HOSPITALS PRIVATE LIMITED	Director	07-07-03	07-07-03	-	Active	NO
3	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Whole-time director	01-10-11	01-07-04	-	Active	NO
4	U40108AP1999PLC031522	SEW THERMAL POWER CORPORATION LIMITED	Director	22-09-07	23-08-07	-	Active	NO
5	U45203AP1997PLC026884	SEW TRANSPORTATION NETWORKS LIMITED	Director	24-09-07	23-08-07	-	Active	NO
6	U40101AP2007PLC052941	SEW GREEN ENERGY LIMITED	Director	30-09-08	23-08-07	-	Active	NO
7	U45202PN1998PLC013152	SEW CONSTRUCTIONS (MAHARASHTRA) LIMITED	Director	24-09-07	25-08-07	-	Active	NO
8	U40105AP2008PLC058508	SEW NAFRA POWER CORPORATION LIMITED	Nominee director	02-04-08	02-04-08	-	Active	NO
9	U40101AP2008PLC060107	SEW NYUKCHARONG CHU POWER CORPORATION LIMITED	Nominee director	11-07-08	11-07-08	-	Active	NO
10	U40101AP1997PLC028298	SEW RHO POWER CORPORATION LIMITED	Director	29-09-09	31-08-09	-	Active	NO
11	U40105AP2008PLC060189	SEW MAGO CHU POWER CORPORATION LIMITED	Director	29-09-10	30-12-09	-	Active	NO
12	U40108AP2010PLC068928	SEW THERMAL POWER CORPORATION (AP) LIMITED	Director	14-06-10	14-06-10	-	Active	NO
13	U45400AP2010PLC069982	SEW BELLARY HIGHWAYS LIMITED	Director	13-08-10	13-08-10	-	Active	NO
14	U23203AP2010PLC070842	SEW CARBONS LIMITED	Director	13-10-10	13-10-10	-	Active	NO
15	U90000AP2011PLC072835	BALAJI INDUSTRIAL TREATMENT SYSTEMS LIMITED	Director	23-02-11	23-02-11	23-02-12	Active	NO
16	U45203AP2011PLC073071	SEW DSY TOLLWAYS LIMITED	Director	07-03-11	07-03-11	27-06-11	Active	NO

Name :	Mr. Yadav Rahul Kumar
Designation :	Director
Address :	The Haven Nalagarh Road, Pinjor, Haryana, India
Date of Birth/Age :	27.08.1963
Date of Appointment :	26.09.2007
DIN No.:	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	29-12-06	29-12-06	-	Active	NO
2	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Nominee director	29-05-07	29-05-07	-	Active	NO
3	U99999MH1995PLC087498	SHAREKHAN LIMITED	Director	12-09-07	17-08-07	-	Active	NO
4	U51909DL2004PLC126962	SVIL MINES LIMITED	Director	31-12-08	25-08-08	-	Active	NO
5	U24300DL2003PLC123687	INTERNATIONAL CARS AND MOTORS LIMITED	Nominee director	30-09-08	30-09-08	08-04-09	Active	NO
6	U74899DL1995PLC073245	INTERNATIONAL TRACTORS LIMITED	Nominee director	30-09-08	30-09-08	08-04-09	Active	NO
7	L24116UP1978PLC004624	JUBILANT LIFE SCIENCES LIMITED	Director	28-08-09	14-10-08	07-07-10	Active	NO
8	L99999DN1982PLC000128	JBF INDUSTRIES LIMITED	Additional director	26-09-09	24-09-09	23-08-10	Active	NO
9	L27106WB1987PLC042756	HIMADRI CHEMICALS AND INDUSTRIES LIMITED	Nominee director	28-05-10	28-05-10	-	Active	NO
10	U65993AP1995PLC019471	IND-BARATH POWER INFRA LIMITED	Additional director	29-07-11	29-07-11	-	Active	NO
11	U67120MH1996PLC100108	ANAND RATHI FINANCIAL SERVICES LIMITED	Nominee director	20-09-11	20-09-11	-	Active	NO

Name :	Mr. Venkata Ratnam Chaparala
Designation :	Director
Address :	HIG-3, Tanashnagar, Huda Colony, Puppa;guda, Raidurgam, Ranga Reddy District – 500089, India
Date of Birth/Age :	08.03.1938
Date of Appointment :	26.06.2009
Date of Cessation :	02.02.2012
DIN No.:	02655387

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	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Director	30-09-09	26-06-09	02-02-12	Active	NO

Name :	Mr. Sunil Chawla
Designation :	Nominee director
Address :	C-41, Sector 44, Noida – 201303, Uttar Pradesh, India
Date of Birth/Age :	23.10.1962
Date of Appointment :	29.03.2010
DIN No.:	00865320

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	L63010GJ1992PLC018106	GUJARAT PIPAVAV PORT LIMITED	Director	23-06-09	22-09-06	15-12-09	Active	NO
2	L35110GJ1997PLC033193	PIPAVAV DEFENCE AND OFFSHORE ENGINEERING COMPANY LIMITED	Director	13-07-07	08-03-07	18-12-09	Active	NO
3	U31101DL2006PLC148862	BHILWARA ENERGY LIMITED	Director	29-09-07	21-08-07	-	Active	NO
4	U74899DL1995PTC073510	JACOB BALLAS CAPITAL INDIA PRIVATE LIMITED	Alternate director	07-12-09	07-12-09	08-12-09	Active	NO
5	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Nominee director	27-09-10	29-03-10	-	Active	NO
6	U45201DL1999PLC195937	PNC INFRATECH LIMITED	Nominee director	29-09-11	12-01-11	-	Active	NO
7	U74999MH1993PTC074683	DBM GEOTECHNICS AND CONSTRUCTIONS PRIVATE LIMITED	Additional director	23-02-12	23-02-12	-	Active	NO

Name :	Mr. Rameshchandra Bose Tummula
Designation :	Director
Address :	Flat No.101, Vamsirishi Residency, H. No. 6-3-865/B, Greenlands ‘X’ Roads, Ameerpet, Hyderabad – 500016, Andhra Pradesh, India
Date of Birth/Age :	15.01.1941
Date of Appointment :	27.05.2010
DIN No.:	00160630

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	L26942AP1979PLC002485	KAKATIYA CEMENT SUGAR AND INDUSTRIES LIMITED	Director	31-01-01	31-01-01	-	Active	NO
2	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Director	15-07-03	15-07-03	-	Active	NO
3	U31909AP1980PLC002697	VIJAI ELECTRICALS LIMITED	Director	01-06-10	12-03-05	-	Active	NO
4	L45201AP1987PLC007959	IVRCL LIMITED	Director	30-09-05	30-09-05	-	Active	NO
5	U40101DL2005PLC141611	COUNTRYWIDE POWER TRANSMISSION LIMITED	Director	15-12-06	06-01-06	-	Active	NO
6	U45201DL2005PTC139695	ABIR INFRASTRUCTURE PRIVATE LIMITED	Additional director	17-08-09	17-08-09	12-06-10	Active	NO
7	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Director	27-09-10	27-05-10	-	Active	NO
8	U31908AP2007PLC058993	ATHENA CHHATTISGARH POWER LIMITED	Managing director	13-08-10	29-06-10	-	Active	NO
9	L70100AP1996PLC024459	IVRCL ASSETS AND HOLDINGS LIMITED	Director	15-09-11	12-02-11	-	Active	NO
10	L26914AP1983PLC004249	REGENCY CERAMICS LIMITED	Director	29-09-11	27-07-11	-	Active	NO

Name :	Mr. Gajinder Singh Sahni
Designation :	Director
Address :	B-8/4, G/F Vasant Vihar, New Delhi – 110057, India
Date of Birth/Age :	17.11.1946
Date of Appointment :	27.09.2010
DIN No.:	02066897

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	L27100MH1973PLC016617	SARDA ENERGY AND MINERALS LIMITED	Director	30-09-08	04-03-08	-	Active	NO
2	U11102DL2008PTC184175	FORWARD ENERGY PRIVATE LIMITED	Nominee director	01-06-10	01-06-10	30-09-11	Active	NO
3	U75111DL2000PTC108494	MDL ENERGY PRIVATE LIMITED	Director	01-08-10	01-08-10	-	Active	NO
4	U51420MH2008PLC187689	SARDA METALS AND ALLOYS LIMITED	Director	30-09-10	20-08-10	-	Active	NO
5	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Director	29-09-11	27-09-10	-	Active	NO
6	U11200DL2010PTC209353	MDL OFFSHORE (INDIA) PRIVATE LIMITED	Director	23-06-11	23-06-11	-	Active	NO
7	U29219DL2006PTC156146	VIK-SANDVIK DESIGN INDIA PRIVATE LIMITED	Director	21-07-11	21-07-11	-	Active	NO

Name :	Mr. Sastry Gangadhara Peddibhotla
Designation :	Director
Address :	1-8-678/A/1, Padma Colony, Nallakunta, Hyderabad – 500 044, Andhra Pradesh, India
Date of Birth/Age :	14.02.1937
Date of Appointment :	27.09.2010
DIN No.:	01890172

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	L74210AP1994PLC017356	RAMKY INFRASTRUCTURE LIMITED	Director	30-09-08	26-10-07	-	Active	NO
2	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	14-07-08	08-01-08	-	Amalgamated	NO
3	U74140DL2007PTC168122	EVEREST INFRATECH MANAGEMENT SERVICES AND TRAINING PRIVATE LIMITED	Director	30-07-08	30-07-08	-	Active	NO
4	U45200DL2008PTC175410	AQUAGREEN ENGINEERING MANAGEMENT PRIVATE LIMITED	Director	10-09-09	25-08-08	-	Active	NO
5	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Director	29-09-11	27-09-10	23-12-11	Active	NO

KEY EXECUTIVES

Name :	Mr. Amara Bhaskara Roa
Designation :	Secretary
Address :	Flat No.:305, Aakruti Arcade, Bunglow No.45/A, Lane No.4, Czezh Colony, Sanath Nagar, Hyderabad – 500018, Andhra Pradesh, India
Date of Birth/Age :	01.11.1981
Date of Appointment :	12.03.2008
PAN No.:	AGKPA0620Q

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

List Attached

As on 29.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	17.72
Bodies corporate	3.44
Directors or relatives of Directors	47.48
Other top fifty shareholders	29.53
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction Activity

GENERAL INFORMATION

Customers :

· AD Hydro Power Limited, Bhilwara Group

· Aditya Hospitals (Private) Limited

· Andhra Pradesh State Electricity Board

· Andhra Pradesh State Road Transport Corporation

· BSES-Andhra Power Limited

· Bharat Energy Ventures Limited

· Bharat Heavy Electrical Limited

· Bharat Heavy Electricals Limited

· Bharat Oman Refinery Limited

· Chattisgarh State Electricity Board

· DANS Energy Private Limited

· Domus Infra Projects Private Limited

· GATI Infrastructure Limited

· GMR Jadcherla Expressways Private Limited

No. of Employees :

Not Available

Bankers :

Bank of Maharashtra, Sultan Bazar Branch, 4-3-379, First Floor, Bank Street,, Hyderabad - 500001, Andhra Pradesh, India

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
From Banks
- Cash Credit	1279.641	1271.081
- Term Loans	349.838	175.000
- Purchase Bills Discounting	57.309	0.000
- Vehicle and Equipment Loans	367.994	343.288
From Others
- Vehicle and Equipment Loans	529.398	315.060
Total	2583.910	2104.429

Note: Amount repayable within one year Rs.648.342 Millions (Previous Year Rs.459.130 Millions

Unsecured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
From Banks
- Short Term Loans	300.000	90.000
- Purchase Bills Discounting	94.816	0.000
From Others
- Short Term Loans	150.000	23.822
Total	544.816	113.822

Banking Relations :

--

Auditors :

Name :

Deloitte Haskins and Sells

Chartered Accountant

Address :

1-8-384 & 385, 3rd Floor, Gowra Grand, S.P. Road, Begumpet, Secunderabad – 500003, Andhra Pradesh, India

PAN.:

AACFD3771D

Jointly Control Operations:

· IVRCL- SEW and Prasad

· IVRCL- Navayuga - SEW

· SEW - Coastal

· Navayuga - IVRCL and SEW

· SEW and Precision

· SEW - Prasad and KCPL

· PES and SEW

· SEW and Prasad

· Patel - SEW

· Sabir, SEW and Prasad

· Progressive - SEW - BEPL

· CRSGC - SEW

· Prasad and SEW

· SEW - Jyothi

· SEW and KCPL

· SEW - MEIL - BHEL

· IVRCL - SEW -WPIL

· HCC - SEW - MEIL

· HCC - SEW - MEIL - AAG

· SEW - Om Metals

· SEW, MEIL, ZVST and AAG

· SEW and Coastal

· SPML - SEW – AMR

· MEIL - SEW - MYTAS – BHEL

· MEIL - SEW - ABB – AAG

Jointly Control Entities :

· DANS Energy Private Limited

· Dezign Elementz Consultants Private Limited

· TT Energy Private Limited

· SEW Vidarbha Infrastructure Limited

· West Bengal SEW Prasad Infrastructure Limited

Subsidiaries :

Company Name	CIN No.:
SEW ENERGY LIMITED	U40101AP2007PLC052941
SEW REALTY LIMITED	U70102AP2007PLC052663
SEW HIGHWAYS LIMITED	U65921AP1997PLC026884
SEW CONSTRUCTIONS (MAHARASHTRA) LIMITED	U45202PN1998PLC013152
SEW INTERNATIONAL HOLDINGS PRIVATE LIMITED	--
SEW NAFRA POWER CORPORATION LIMITED	U40105AP2008PLC058508
SEW NYUKCHARONG CHU POWER CORPORATION LIMITED	U40101AP2008PLC060107
SEW MAGO CHU POWER CORPORATION LIMITED	U40105AP2008PLC060189
SEW RHO POWER CORPORATION LIMITED	U40101AP1997PLC028298
SEW SOLAR POWER LIMITED	U40104AP2009PLC066442
SEW THERMAL POWER CORPORATION LIMITED	U40108AP1999PLC031522
SEW NAVAYUGA BARWANI TOLLWAYS PRIVATE LIMITED	U45200AP2007PTC056237

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs.500.000 Millions
10000000	Cumulative Redeemable Preference Shares	Rs.10/- each	Rs.100.000 Millions
	Total		Rs.600.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
47927149	Equity Shares	Rs.10/- each	Rs.479.271 Millions

Note:

Of the above:

a. 26,650 shares were allotted as fully paid-up pursuant to a contract without payments being received in cash

b. 10,384,000 shares were allotted as fully paid-up bonus shares by capitalisation of Revaluation Reserve

c. 31,461,912 shares were allotted as fully paid-up bonus shares by capitalisation of profits and General Reserve

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		479.271	450.515	521.729
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		5775.414	3425.534	2553.349
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		6254.685	3876.049	3075.078
LOAN FUNDS
1] Secured Loans		2583.909	2104.429	1208.755
2] Unsecured Loans		544.816	113.822	1076.159
TOTAL BORROWING		3128.725	2218.251	2284.914
DEFERRED TAX LIABILITIES		159.169	28.390	0.000
TOTAL		9542.579	6122.690	5359.992
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3250.878	2613.138	1960.508
Capital work-in-progress		414.066	430.314	439.492
INVESTMENT		2915.233	1703.321	579.003
DEFERREX TAX ASSETS		0.000	0.000	31.541
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1120.902	1560.040	388.635
	Sundry Debtors	2272.964	2360.231	890.787
	Cash & Bank Balances	2164.290	881.621	892.459
	Other Current Assets	889.042	487.393	818.811
	Loans & Advances	3043.097	2779.195	1392.368
Total Current Assets		9490.295	8068.480	4383.060
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	2633.048	2271.607	1072.159
	Other Current Liabilities	3699.095	4276.989	727.596
	Provisions	195.750	143.967	233.857
Total Current Liabilities		6527.893	6692.563	2033.612
Net Current Assets		2962.402	1375.917	2349.448
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		9542.579	6122.690	5359.992

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	17831.003	15907.000	11564.378
		Other Income	165.639	94.367	62.439
		Company's Share in Profit (Net) of Integrated Joint Ventures	29.517	115.999	81.486
		TOTAL (A)	18026.159	16117.366	11708.303
Less	EXPENSES
		Construction Expenses	14282.793	13047.919	9267.373
		Employee Cost	1035.195	921.992	718.686
		Administration and Other Expenses	323.476	253.257	230.937
		Exceptional Item	(287.196)	0.000	0.000
		TOTAL (B)	15354.268	14223.168	10216.996
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2671.891	1894.198	1491.307
Less	FINANCIAL EXPENSES (D)		328.691	260.464	115.471
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2343.200	1633.734	1375.836
Less/ Add	DEPRECIATION/ AMORTISATION (F)		373.481	224.569	280.306
	PROFIT BEFORE TAX (E-F) (G)		1969.719	1409.165	1095.530
Less	TAX (I)		657.458	453.843	359.812
	PROFIT AFTER TAX (G-I) (J)		1312.261	955.322	735.718
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		181.478	165.101	24.411
Less	APPROPRIATIONS
		Preference Dividend	0.000	3.483	4.985
		Debentures Redemption Reserve	0.000	20.833	41.667
		Preference Capital Redemption Reserve	0.000	47.475	23.738
		Interim Dividend	63.072	40.546	31.536
		Proposed Final Dividend	28.756	27.031	31.536
		Dividend Distribution Tax	15.495	12.077	11.566
		General Reserve	1200.000	850.000	450.000
	BALANCE CARRIED TO THE B/S		186.416	181.478	165.101
	EARNINGS IN FOREIGN CURRENCY
		Share of Profit from foreign Joint Venture	5.285	0.000	0.000
	TOTAL EARNINGS		5.285	0.000	0.000
	IMPORTS
		Capital Goods	166.730	310.625	84.354
	TOTAL IMPORTS		166.730	310.625	84.354
	Earnings Per Share (Rs.)		29.11	21.11	23.16

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	7.28	5.93	6.28
Net Profit Margin (PBT/Sales)	(%)	11.05	8.86	9.47
Return on Total Assets (PBT/Total Assets}	(%)	15.46	13.19	17.27
Return on Investment (ROI) (PBT/Networth)		0.31	0.36	0.36
Debt Equity Ratio (Total Liability/Networth)		1.54	2.30	1.40
Current Ratio (Current Asset/Current Liability)		1.45	1.21	2.16

LOCAL AGENCY FURTHER INFORMATION

Performance Review

The Company achieved a total income of Rs.18026.200 Millions, as compared to Rs.16117.400 Millions in the previous year, an increase of 11.84%. The Profit before Taxes was also increased to Rs.1969.700 Millions from Rs.1409.200 Millions in 2008-09. During the year, the Company incurred capital expenditure of Rs.736.100 Millions in acquiring new plant and machinery, transport vehicles, inspection vehicles and other assets that are required for executing various projects. As at the end of the financial year the Company has also orders on hand worth Rs.107903.000 Millions.

Contingent liabilities not provided for:

a. Letters of Credits - Rs.113.360 Millions (2009:Rs.10.169 Millions).

b. Counter guarantees given to banks Rs.3993.254 Millions (2009:Rs.4196.922 Millions), [includes performance guarantees given on behalf of Joint Ventures Rs.2612.197 Millions (2009:Rs.2410.711 Millions)].

c. Sales tax matters under dispute Rs.7.196 Millions (2009:Rs.7.196 Millions).

d. Claims against the Company not acknowledged as debt: Rs.7.139 Millions (2009:Rs.7.139 Millions).

e. Export commitments on account of import of machinery and equipments at concessional duty under EPCG scheme Rs.162.296 Millions (2009:Rs.162.296 Millions).

f. Estimated amount of contracts remaining to be executed on capital accounts and not provided for [(Net of advances Rs.305.023 Millions (2009:Rs.301.864 Millions)]:Rs.31.506 Millions (2009:Rs.27.351 Millions).

g. Commitment towards investment in companies [Net of advances Rs.Nil Millions (2009:Rs.399.542 Millions)] Rs.833.401 Millions (2009:Rs.264.300 Millions).

h. Joint and several liability in respect of Joint Venture projects and liquidated damages in respect of delays in completion of projects - Amounts indeterminate.

Form 8:

Corporate identity number of the company	U45200AP1983PLC003796
Name of the company	SEW INFRASTRUCTURE LIMITED
Address of the registered office or of the principal place of business in India of the company	6-3-871, Snehalatha, Greenlands Road, Begumpet, Hyderabad – 500016, Andhra Pradesh, India E-mail : cs@sewinfrastructure.com
This form is for	Creation of charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	Tata Capital Limited, One Forbes, Dr V B Gandhi Marg, Fort, Mumbai – 400001, Maharashtra, India E-mail : avan.doomasia@tatacapital.com
Nature of instrument creating charge	Loan cum Hypothecation cum Guarantee Agreement No 7000140830 dated 29.02.2012
Date of instrument Creating the charge	29.02.2012
Amount secured by the charge	Rs.0.294 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 9.99% p.a. computed on monthly rest basis on Internal Rate of Return Terms of Repayment Repayable in 35 monthly installments of Rs. 0.010 Million, each Margin 10% Extent and Operation of the charge The Loan Amounts along with all costs, interest, fees and expenses and all monies in terms of this Loan Agreement is secured by Hypothecation of the Asset as specified in Annexure 1 to the Loan Agreement.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	40 KVA DG SET

Fixed Assets:

· Land–Free hold

· Buildings

· Plant and Machinery

· Transport Vehicles

· Furniture and Fixtures

· Inspection Vehicles

· Office Equipment

· Scientific and Engineering Equipment

Website Details :

History:

In the year 1959, Mr. Vallurupalli Nageswara Rao, founded 'Southern Engineering Works' (SEW) in Vijaywada, A.P. India, with late Sri. Y. Purnachandra Rao and Mr. Y.M.G. Nageswara Rao as co-founders to pursue civil engineering construction activities. The first project SEW worked on, was the prestigious Nagarjuna Sagar Dam in Andhra Pradesh. During the period of expansion, other partners joined the company and contributed to the growth of the organization to its present status

In the year 1967, the seventh year since founding, SEW was awarded a Gold Medal by the then Hon’ble Prime Minister of India Shrimati Indira Gandhi for the record progress of stone masonry in a single day at Nagarjuna Sagar Dam.

With the experience gained at the Nagarjuna Sagar Dam, the company participated in the building of other major dams of Tawa, Bargi, Bansagar, Hasdeo Bango, in Madhya Pradesh and Srisailam and Priyadarshini Jurala in Andhra pradesh. SEW attained specialization in the construction of high dams due to the experience gained in the opportunities available in the beginning years of its founding.

In the year 1983, the company was converted to a Private Limited Company with the name SEW Constructions Limited.

Over the years, SEW Constructions Limited., has diversified into construction of

Lined Irrigation Canals

Hydel, Thermal and Gas based Power

Industrial, Commercial and Residential Buildings

Dams & Barrages

Lift Irrigation Schemes

Canal Structures

Roads and Bridges

Fabrication and Erection of Gates

Water Supply Projects

Transmission Lines

In the year 2008, the company was renamed as SEW Infrastructure Limited to highlight their commitment to infrastructure project works.

They derive their strength from the shareholders and employees and the company accords top most priority for their growth. Their company is backed by a large team of talented, committed and loyal employees, sub- contractors and suppliers.

They continue to aim towards being a leader in the construction industry with strong client relationships, dedicated and satisfied workforce with an impeccable reputation to be the top quality provider without cost and time overruns.

Press Release

June 17, 2011

Inspire-2011 Award

SEW has been awarded the prestigious INSPIRE-2011 AWARD by National HRD Network, Hyderabad Chapter

April 18, 2011

Ramunia and Sew sign India deal

The two-year deal will see the companies collaborate on engineering, design, procurement and fabrication contracts for oil and gas structures and facilities, and any others, in India.

Both Sew, formerly known as Southern Engineering Works, and Ramunia have a history of engineering, procurement and construction work in their respective nations.

August 15, 2010

TEXT-Fitch affirms SEW Infrastructure's ratings at 'AA-(ind)'

Fitch Ratings has today affirmed SEW Infrastructure Limited's (SEW) National Long Term rating at 'AA-(ind)'. The Outlook is Stable. Fitch has also affirmed SEW's INR2.04bn fund- based working capital limits and INR0.29bn term loans at 'AA-(ind)', and its INR15.11bn non fund-based working capital limits at 'AA-(ind)' /'F1+(ind)'. Simultaneously, SEW's INR0.5bn non-convertible debenture programme has been assigned a 'AA-(ind)' rating and its INR0.5bn commercial paper programme a 'F1+(ind)' rating.

SEW's ratings continue to reflect its strong credit metrics, robust order book position (around 6.0x FY09 revenues), stable profit margins and efficient working capital management. In FY09, the company's leverage (debt/EBITDA) was 1.2x and interest coverage was 5.9x. Margins were stable due to the company's policy for including cost escalation clauses in most of its contracts. EBITDA margin was 11.3% in FY09 (FY08: 12.4%); SEW's order book increased to INR96.1bn at end-March 2009 (end March 2008: INR75.5bn).

The factors constraining the ratings include project concentration and a likely increase in leverage and execution risk given its entry into Build - Own - Operate - Transfer (BOOT) projects. Its top three projects account for 31%, and the top 10 projects for 57% of the order book. The largest irrigation project in Andhra Pradesh - Pranahita Lift Irrigation Scheme, (to be executed by the company through six packages) accounts for 39% of the order book. The company has commenced construction activity at its toll-road BOOT - SEW-Navyuga Barwani Tollways Private Limited (SNBTPL, 'BBB-(ind)'/Stable). The company plans to undertake three hydro-power projects of 96MW each on a BOOT basis. Fitch notes that these projects will add stable cash flows to the company in the future; however, during the construction phase they will significantly increase consolidated leverage levels and carry large execution risk in the form of cost and time over runs.

Given the preliminary nature of the BOOT projects, Fitch has presently factored the impact of its ongoing SNBTPL project and one of the proposed hydro-power projects into the rating. This, in Fitch's opinion would keep the consolidated leverage below 3x level, and sustained leverage beyond this would be a negative trigger for the rating. Negative rating actions would also be triggered by cost overruns at the BOOT projects, decline in profitability or increased working capital requirements.

SEW was incorporated in 1960 and has grown to be a mid-sized construction company with expertise in irrigation and power segments. In FY09, SEW had revenues of INR15.9bn (FY08:INR11.6bn), EBITDA of INR1.8bn (FY08: INR1.4bn) and net profit of INR955m (FY08: INR736m). The company managed its working capital efficiently - an increase in debtor days (42 days in FY09 versus 33 days in FY08) was compensated by a corresponding increase in creditor days. SEW generated INR1.9bn operating cash before working capital and INR1.4bn net cash flow from operations. The company had total debt of INR2.1bn at end-March 2009, and enjoyed liquidity from its INR633m unutilised fund-based limits and INR881m cash balance.

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.50.91
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
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.