MIRA INFORM REPORT

Report Date :

27.03.2012

IDENTIFICATION DETAILS

Name :	RELIANCE PORTS AND TERMINALS LIMITED

Registered Office :	Admin Building, MTF Area, Village Sikka, Taluka and District Jamnagar - 361 140, Gujarat

Country :	India

Financials (as on) :	30.06.2010

Date of Incorporation :	14.03.1997

Com. Reg. No.:	04-031906

Capital Investment / Paid-up Capital :	Rs.3040.000 millions

CIN No.: [Company Identification No.]	U45102GJ1997PLC031906

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Providing Port and Marine Facilities, Transportation and Logistics, Construction and Engineering, SEZ Co-development and Pipeline Infrastructure Facilities.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 642474000

Status :	Good

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject is a part of Reliance Group. It is a well established and reputed company having fine track. The company is doing well. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct 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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mrs. Geeta
Designation :	Accounts Manager
Contact No.:	91-288-2313641

LOCATIONS

Registered Office :	Admin Building, MTF Area, Village Sikka, Taluka and District Jamnagar - 361 140, Gujarat, India
Tel. No.:	91-288-2313641
Fax No.:	Not Available
E-Mail :	geeta.fulwadaya@ril.com

Corporate Office :	3^rd Floor, Maker Chambers, IV 222, Nariman Point, Mumbai – 400 021, Maharashtra, India

DIRECTORS

As on 31.12.2010

Name :

Mr. Subhash Chandra Malhotra

Designation :

Director

Address :

602, Tulsi Shyam CHS, Limited, Highway Junction Road, Wagle Estate, Thane (West), Thane - 400 604, Maharashtra, India

Date of Birth/Age :

13.11.1940

Date of Appointment :

23.03.1997

DIN No.:

00013967

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	L60300MH1988PLC049019	Reliance Industrial Infrastructure Limited	Director	16-12-89	16-12-89	-	Active	NO
2	U45102GJ1997PLC031906	Reliance Ports and Terminals Limited	Director	23-03-97	23-03-97	-	Active	NO
3	U74140MH2008PTC183962	N. M. High Tech Consultancy Private Limited	Director	25-06-08	25-06-08	22-02-12	Active	YES

Name :

Mr. Raja Ramchandran Kolumum

Designation :

Director

Address :

1703/ 1704, Building 1, Raheja Classique, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India

Date of Birth/Age :

19.12.1956

Date of Appointment :

09.06.2007

DIN No.:

00006673

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	U65990GJ1996PLC030537	Luxor Investments Limited	Director	31-12-01	31-12-01	-	Amalgamated	NO
2	U60300GJ1999PLC040064	Reliance Gas Transportation Infrastructure Limited	Director	29-09-06	15-05-06	-	Active	NO
3	U22130DL2006PTC150563	Alpha Broadcasting Corporation Private Limited	Director	05-07-06	05-07-06	-	Active	NO
4	U67200MH2006PLC165651	Reliance Retail Insurance Broking Limited	Director	20-11-06	20-11-06	-	Active	NO
5	U74999MH2007PTC167376	Dhanishta Commercials Private Limited	Director	25-09-07	22-03-07	-	Active	NO
6	U45102GJ1997PLC031906	Reliance Ports and Terminals Limited	Director	29-12-07	09-06-07	-	Active	NO
7	U24232MH2007PTC168160	Reliance Pharmaceuticals Private Limited	Director	21-08-08	12-06-07	-	Active	NO
8	U99999GJ2000PTC050444	Reliance Utilities Private Limited	Director	29-09-08	10-08-07	18-12-09	Active	NO
9	U74140MH2000PLC128405	Relogistics Infrastructure Limited	Director	27-09-08	26-11-07	-	Active	NO
10	U45400MH2007PLC171344	Reliance Convention and Exhibition Centre Limited	Director	29-09-08	31-07-08	-	Active	NO
11	U45400MH2007PLC171342	Reliance Corporate Centre Limited	Director	29-09-08	31-07-08	-	Active	NO
12	U45300GJ1999PLC036347	Reliance Jamnagar Infrastructure Limited	Director	30-06-10	14-12-09	-	Active	NO
13	U52599MH2007PLC176409	Reliance Home Products Limited	Director	06-09-10	15-12-09	-	Active	NO
14	U74990MH2010PTC202009	Suprita Commercials Private Limited	Director	24-09-11	21-04-10	-	Active	NO
15	U74990MH2010PTC202010	Pinakin Commercials Private Limited	Director	26-09-11	21-04-10	-	Active	NO
16	U74990MH2010PTC202008	Pushkara Commercials Private Limited	Director	26-09-11	21-04-10	-	Active	NO
17	U52399MH2010PTC201011	Elakshi Commercials Private Limited	Director	12-09-11	24-05-10	-	Active	NO
18	U51109MH2008PLC185389	Reliance Commercial Land and Infrastructure Limited	Director	07-08-10	01-07-10	-	Active	NO
19	U74900MH2007PTC171234	Vanishree Commercials Private Limited	Director	26-09-11	31-01-11	-	Active	NO
20	U51109MH2008PTC177458	Altitude Mercantile Private Limited	Additional director	20-01-12	20-01-12	-	Active	NO
21	U51109MH2008PTC177479	Longitude Mercantile Private Limited	Additional director	20-01-12	20-01-12	-	Active	NO
22	U52390MH2008PTC177456	Equator Trading Enterprises Private Limited	Additional director	20-01-12	20-01-12	-	Active	NO
23	U51900MP2007PTC020084	Anu Trading Private Limited	Additional director	28-02-12	28-02-12	-	Active	NO

Name :

Mr. Sandeep Hemendra Junnarkar

Designation :

Director

Address :

Flat No.1702, Wallace apartments, Naushir Sharucha Marg, Mumbai - 400 007, Maharashtra, India

Date of Birth/Age :

02.07.1951

Date of Appointment :

23.03.1997

DIN No.:

00003534

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	L60300MH1988PLC049019	Reliance Industrial Infrastructure Limited	Director	27-04-91	27-04-91	-	Active	NO
2	L99999MH1986PLC041612	Sunshield Chemicals Limited	Director	27-02-92	27-02-92	-	Active	NO
3	L17120MH1985PLC036500	Jai Corp Limited	Director	19-08-94	19-08-94	-	Active	NO
4	U65910MH1986PLC041081	Reliance Industrial Investments and Holdings Limited	Director	05-10-94	05-10-94	-	Active	NO
5	U45102GJ1997PLC031906	Reliance Ports and Terminals Limited	Director	23-03-97	23-03-97	-	Active	NO
6	U99999MH1895NPL000121	Bombay Incorporated Law Society	Director	18-11-99	18-11-99	-	Active	NO
7	L65990TN1975PLC062634	Sterlite Industries (India) Limited	Director	29-06-01	29-06-01	-	Active	NO
8	L15420PN1933PLC133303	Tilaknagar Industries Limited	Director	23-10-01	23-10-01	05-05-09	Active	NO
9	L23200GJ1969PLC001569	Indian Petrochemicals Corporation Limited	Director	04-06-02	04-06-02	-	Amalgamated	NO
10	U45201DL1999PLC125988	IL&FS Infrastructure Development Corporation Limited	Director	11-02-03	11-02-03	-	Active	NO
11	L74999MH1964PLC012878	Excel Crop Care Limited	Director	03-09-03	03-09-03	-	Active	NO
12	L74999MH1934PLC002093	Everest Industries Limited	Director	27-07-07	07-11-05	-	Active	NO
13	U99999GJ2000PTC050444	Reliance Utilities Private Limited	Director	29-09-07	17-04-07	24-12-09	Active	NO
14	U70102MH2007PLC176139	Jai Realty Ventures Limited	Director	20-08-08	18-12-07	-	Active	NO
15	U18101GJ2007PTC050985	Diesel Fashion India Reliance Private Limited	Director	31-10-08	09-06-08	05-12-08	Active	NO
16	U67190TN1995PLC069644	Sterlite Energy Limited	Director	10-10-09	05-10-09	04-10-11	Active	NO

KEY EXECUTIVES

Name :	Ms. Geeta Kalyandas Fulwadaya
Designation :	Company Secretary
Address :	E – 51, Jharokha II, Kalptaru Vatika, Akurli Road, Opposite ESIS Hospital, Kandivali (East), Mumbai – 400 101, Maharashtra, India
Date of Birth/Age :	17.11.1980
Date of Appointment :	20.03.2006
PAN No.:	AAFPF7961G

Name :	Mr. Vishvanath Rachappa Indi
Designation :	Vice President and Manager
Address :	Reliance Greens, House No.26, Sector III, Village Motikhavdi, P.O. Digvijay Gram, Jamnagar - 361 140, Gujarat, India
Date of Birth/Age :	17.03.1959
Qualification :	B. Tech.-Civil, M. Tech.-Civil, M.B.A. - Finance
Experience :	29 Years
Date of Appointment :	01.05.2010
PAN No.:	AADPI6022K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.12.2010

Names of Shareholders (Equity Shareholders)		No. of Shares
Jigna Fiscal Services Private Limited, India jointly with Priyash Commercials Private Limited, India		1
Proline Investments Private Limited, India jointly with Priyash Commercials Private Limited, India		1
Reliance Property Management Services Private Limited, India jointly with Priyash Commercials Private Limited, India		1
Shangrila Investments and Trading Company Private Limited, India jointly with Priyash Commercials Private Limited, India		1
Yashasvi Holdings Private Limited, India jointly with Priyash Commercials Private Limited, India		1
Reliance Utilities Private Limited, India		809197000
Priyash Commercials Private Limited, India		910802995
Total		1720000000

Names of Shareholders (Preference Shareholders)		No. of Shares
Axis Trustee services limited, India, India – Series A		19479167
Axis Trustee services limited, India, India – Series B		28333333
Axis Trustee services limited, India, India – Series C		37187500
Monica Texturising Private Limited, India – Series 1		4700000
Monica Texturising Private Limited, India – Series 2		4700000
Monica Texturising Private Limited, India – Series 3		4700000
Monica Texturising Private Limited, India – Series 4		4700000
Monica Texturising Private Limited, India – Series 5		4700000
Monica Texturising Private Limited, India – Series 6		4700000
Monica Texturising Private Limited, India – Series 7		4700000
Monica Texturising Private Limited, India – Series 8		4700000
Monica Texturising Private Limited, India – Series 9		4700000
Monica Texturising Private Limited, India – Series 10		4700000
Total		132000000

As on 31.12.2010

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

BUSINESS DETAILS

Line of Business :	Providing Port and Marine Facilities, Transportation and Logistics, Construction and Engineering, SEZ Co-development and Pipeline Infrastructure Facilities.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Bank of Baroda, Maskati Mahal, Ahmedabad, Gujarat, India

Facilities :

Secured Loans :	30.06.2010 (Rs. in Millions)	30.06.2009 (Rs. in Millions)
Term Loan from Banks Indian Currency	29932.200	36545.500
Foreign Currency	23222.500	23952.500
Term Loan from Financial Institutions	2907.000	3459.400
Total	56061.700	63957.400

Notes:

1. Term Loans from Banks in Foreign Currency are secured by a first ranking pari passu mortgage and charge

(a) over all moveable assets of the additional port and marine facilities (New Port Facilities) - "Project", including currents assets (floating charge), but excluding the Dividend Account and assets and investments created there from

(b) by way of assignment of the Company’s right, title, interest, benefit, claims and demands under each of the Key Project Agreements

(c) by way of assignment of the Company’s rights, titles and interest under or in respect of all permits, approvals, clearances, contractor guarantees, warranties and performance bonds relating to the Project

(d) over the Company’s right, title and interest in the immovable property (along with the fixed assets attached thereto) situate at Village Nanikhawdi, Taluka Jamnagar, Gujarat, pertaining to the Project, inclusive of the leasehold interest under the Land Lease Agreement.

2. Rupee Loans from Banks and Financial Institution to the extent of Rs.24709.700 millions (Previous Year Rs.29404.800 millions) are secured by a first ranking pari passu charge:

(a) over the Company's rights, title and interest in the immovable properties inclusive of the leasehold interest in the leasehold lands both situate at Village Sikka, Taluka Jamnagar and used for rendering Port Infrastructure services under the Contract Documents pertaining to old port facilities; over the movable fixed assets and current assets used for rendering Port Infrastructure service under the Contract Documents pertaining to old port facilities;

(b) over the movable fixed assets and current assets used for rendering Port Infrastructure service under the Contract Documents pertaining to old port facilities; Rupee Loans from Banks to the extent of Rs.4000.000 millions (Previous Year Rs.6000.000 millions) are secured by a first charge by way of hypothecation of entire moveable assets acquired out of the proceeds of the loan / facility (including movable machinery, machinery spares, tools and accessories acquired) pertaining to Engineering, Construction and SEZ Co-developer division.

(c) on the right, title and interest of the Company in the designated account, investments made out of balance proceeds lying in the designated account and debt service reserve account and an assignment of Company's right, title and interest in, to or in respect of the Contract Documents and insurance policies pertaining to old port facilities.

3. Rupee Loans from Banks to the extent of Rs.28.300 millions (Previous Year Rs. 41.800 millions) are secured by hypothecation of commercial vehicles acquired out of the proceeds of the loan extended for this purpose relating to Transportation and Logistics division

4. Rupee Loans from Banks to the extent of Rs.4101.200 millions (Previous Year Rs.4558.300 millions) are secured by a first pari passu mortgage and charge over fixed assets, all current assets (excluding receivables), all receivables including any proceeds received or arising under any insurance claim the Trust and Retention Account and all amounts credited therein relating to Pipeline Infrastructure division.

5. Rupee Loans from Banks to the extent of Rs.4000.000 millions (Previous Year Rs.6000.000 millions) are secured by a first charge by way of hypothecation of entire moveable assets acquired out of the proceeds of the loan / facility (including movable machinery, machinery spares, tools and accessories acquired) pertaining to Engineering, Construction and SEZ Co-developer division. on the right, title and interest of the Company in the designated account, investments made out of balance proceeds lying in the designated account and debt service reserve account and an assignment of Company's right, title and interest in, to or in respect of the Contract Documents and insurance policies pertaining to old port facilities.

Unsecured Loans :	30.06.2010 (Rs. in Millions)	30.06.2009 (Rs. in Millions)
Long Term
Non Convertible Debentures	20000.000	10000.000
Short Term
From Bodies Corporate	2009.100	2035.100
Total	22009.100	12035.100

Notes :

1. Non Convertible Debentures aggregating to Rs 5000.000 millions are redeemable at par in two tranches of Rs. 2000.000 millions and Rs. 3000.000 millions on June 6, 2013 and June 6, 2014 respectively. The Company and the Investors have Call and Put option respectively for early redemption of Non Cumulative Debentures at Par in June 2012.

2. Non Debentures at par in June 2012.Non Convertible Debentures aggregating to Rs. 5000.000 millions (Previous Year Rs. 5000.000 millions ) are redeemable at par in two tranches of Rs. 2000.000 millions and Rs. 3000.000 millions on June 2, 2013 and June 2, 2014 respectively. The Company and the Investors have Call and Put option respectively for early redemption of Non Cumulative Debentures at par in June 2012.

3. Non Convertible Debentures aggregating to Rs.10000.000 millions (Previous Year Nil) are redeemable at par on February 27, 2015.


Banking Relations :	--

Financial Institutions :	v Axis Trustee Services Limited, Maker Towers 'F', 13^thFloor, Cuffe Parade, Colaba, Mumbai - 400 005, Maharashtra, India v Industrial Finance Corporation of India, Bank of Baroda Building, Sansad Marg, New Delhi – 110 001, India

Auditors :
Name :	Chaturvedi and Shah Chartered Accountants
Address :	714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai - 400 021, Maharashtra, India
PAN No.:	AAAFC0662N

Holding Company :	Priyash Commercials Private Limited (from 29^th May, 2010) CIN No.: U51100GJ2005PTC046468

Subsidiary Company :	v Aavaran Textiles Private Limited (CIN No.: U99999MH1986PTC101501) v Sanatan Textrade Private Limited (CIN No.: U67120MH1986PTC101467) v Reliance Engineering (Middle East) DMCC (Incorporated in United Arab Emirates) v India Utilities and Power Limited (CIN No.: U40100GJ2010PLC059460) (from 6^th February, 2010) v Relcom Venture Capital Private Limited (CIN No.: U74999MH2000PTC126923) (from 28^th May, 2010) v Jagadanand Investments and Trading Company Private Limited (CIN No.: U65923MH1979PTC021245) (from 28^th May, 2010) v Jagdishwer Investments and Trading Company Private Limited (CIN No.: U65920MH1979PTC021247) (from 28^th May, 2010)

Fellow Subsidiary :	v Reliance Utilities Private Limited v Reliance Gas Transportation Infrastructure Limited v Reliance Utilities and Power Private Limited v Relogistics Infrastructure Limited

Joint Venture Company :	Infinite Logistics Solutions Private Limited

Associate Company :	v The Indian Films Combine Private Limited v Reliance Industries Limited v Reliance Jamnagar Infrastructure Limited v Reliance Singapore Holdings Pte. Limited v Reliance Group Investment and Holding Private Limited v Reliance Group Holdings Private Limited v Reliance Enterprises Holding Private Limited v Shangrila Investments and Trading Company Private Limited v RAL Investment Private Limited

CAPITAL STRUCTURE

After 31.12.2010

Authorised Capital : Rs.75000.000 millions

Issued, Subscribed & Paid-up Capital : Rs.4460.000 millions

As on 30.06.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000000	Equity Shares	Re.1/- each	Rs.50000.000 millions
2500000000	Preference Shares	Rs.10/- each	Rs.25000.000 millions
	Total		Rs.75000.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1720000000	Equity Shares	Re.1/- each	Rs.1720.000 millions
19479167	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - A)*	Rs.10/- each	Rs.194.800 millions
28333333	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - B)*	Rs.10/- each	Rs.283.300 millions
37187500	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - C)*	Rs.10/- each	Rs.371.900 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - 1 ) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series – 2 ) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - 3 ) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - 4 ) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series – 5 ) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series – 6 ) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series – 7 ) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - 8 ) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - 9) **	Rs.10/- each	Rs.47.000 millions
4700000	10% Non-Cumulative Compulsorily Convertible Preference Shares (Series - 10 )**	Rs.10/- each	Rs.47.000 millions
	Total		Rs.3040.000 millions

Notes:

*Each of the Series A, Series B and Series C - 10% Non-Cumulative Compulsorily Convertible Preference Shares (CCPS) of Rs.10/- each issued at a premium of Rs. 90/- each is convertible into 2 Equity Shares of Re. 1/- each fully paid up at a premium of Rs. 49/- per Equity Share during the period:-

Beginning on October 1, 2015 and ending on September 30, 2016 in the case of Series A

Beginning on October 1, 2017 and ending on September 30, 2018 in the case of Series B

Beginning on October 1, 2019 and ending on September 30, 2020 in the case of Series C

In addition to the 10% dividend, in the event of the Company declaring / paying any dividend or distribution to equity shareholders or any other class of shareholders, the Company shall also declare / pay to holders of CCPS, a proportionate dividend / distribution calculated on a fully diluted basis.

**Each of the Series 1, Series 2, Series 3, Series 4, Series 5, Series 6, Series 7, Series 8, Series 9 and Series 10 - 10% Non- Cumulative Compulsorily Convertible Preference Shares (CCPS) of Rs.10/- each issued at a premium of Rs.990/- each is convertible into 5 Equity Shares of Re. 1/- each fully paid up at a premium of Rs.199/- per Equity Share as under;

Series 1 31^st March, 2014

Series 2 31^st March, 2015

Series 3 31^st March, 2016

Series 4 31^st March, 2017

Series 5 31^st March, 2018

Series 6 31^st March, 2019

Series 7 31^st March, 2020

Series 8 31^st March, 2021

Series 9 31^st March, 2022

Series 10 31^st March, 2023

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.06.2010	30.06.2009	30.06.2008
SHAREHOLDERS FUNDS
1] Share Capital		3040.000	3040.000	2570.000
2] Share Application Money		0.000	0.000	1750.000
3] Reserves & Surplus		157578.500	161047.100	75456.800
4] (Accumulated Losses)		0.000	(9802.300)	0.000
NETWORTH		160618.500	154284.800	79776.800
LOAN FUNDS
1] Secured Loans		56061.700	63957.400	55350.500
2] Unsecured Loans		22009.100	12035.100	0.000
TOTAL BORROWING		78070.800	75992.500	55350.500
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
Compulsory Convertible Debentures		66300.000	66300.000	66300.000

TOTAL		304989.300	296577.300	201427.300

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		39377.500	51284.000	31501.200
Capital work-in-progress		1634.100	3463.800	24403.900

INVESTMENT		267425.900	235897.300	27683.900
DEFERRED TAX ASSETS		0.000	0.000	0.000

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2930.900	2246.900	1.700
	Sundry Debtors	3777.600	4104.600	604.400
	Cash & Bank Balances	3918.100	10049.700	11825.000
	Other Current Assets	6810.500	4055.700	0.500
	Loans & Advances	26475.600	17757.600	119146.500
Total Current Assets		43912.700	38214.500	131578.100
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3737.800	5607.700	1569.500
	Other Current Liabilities	41986.000	26009.700	11199.000
	Provisions	1637.100	664.900	971.300
Total Current Liabilities		47360.900	32282.300	13739.800
Net Current Assets		(3448.200)	5932.200	117838.300

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		304989.300	296577.300	201427.300

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.06.2010	30.06.2009	30.06.2008
	SALES
		Income	51179.300	49803.500	12363.100
		Other Income	1817.500	4462.300	2944.800
		TOTAL (A)	52996.800	54265.800	15307.900

Less	EXPENSES
		Operating, Establishment and other Expenses	25169.800	28779.300	1106.600
		Variation in Stock	38.300	11.500	0.000
		Purchase	58.500	226.200	711.300
		Adjustment pursuant to the Scheme of Amalgamation including write off of Investments in Transferor Companies	4.000	21018.100	0.000
		TOTAL (B)	25270.600	50035.100	1817.900

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		27726.200	4230.700	13490.000

Less	INTEREST & FINANCIAL EXPENSES (D)		5051.800	5156.000	2892.500

	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		22674.400	(925.300)	10597.500

Less/ Add	DEPRECIATION/ AMORTISATION (F)		10464.300	8386.000	1581.200

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		12210.100	(9311.300)	9016.300

Less	TAX (H)		1626.100	496.400	905.000

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		10584.000	(9807.700)	8111.300

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(9802.300)	33732.000	25625.400

Add/ Less	EXCESS PROVISION FOR TAX FOR EARLIER YEARS		(4.900)	5.500	0.000
Add/ Less	CHARGE ON ACCOUNT OF TRANSITIONAL PROVISION UNDER ACCOUNTING STANDARD		0.000	0.000	4.700

Less	APPROPRIATIONS
		Transferred to General Reserve	0.000	33732.000	0.000
		Transferred to Debenture Redemption Reserve	683.000	0.000	0.000
	BALANCE CARRIED TO THE B/S		93.800	(9802.300)	33732.000

	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports	0.000	18.600	101.000
		Services	12083.100	2651.400	901.800
	TOTAL EARNINGS		12083.100	2670.000	1002.800

	IMPORTS
		Capital Goods	437.000	797.400	1632.400
		Others	1590.000	1768.500	691.100
	TOTAL IMPORTS		2027.000	2565.900	2323.500

	Earnings/ (Loss) Per Share (Rs.)
	- Basic		6.15	(5.70)	4.72
	- Diluted		4.21	(5.70)	4.01

KEY RATIOS

PARTICULARS		30.06.2010	30.06.2009	30.06.2008
PAT / Total Income	(%)	19.97	(18.07)	52.99

Net Profit Margin (PBT/Sales)	(%)	7.60	(18.70)	72.93

Return on Total Assets (PBT/Total Assets}	(%)	14.65	(10.40)	5.53

Return on Investment (ROI) (PBT/Networth)		0.07	(0.06)	0.11

Debt Equity Ratio (Total Liability/Networth)		0.78	0.70	0.87

Current Ratio (Current Asset/Current Liability)		0.92	1.18	9.58

LOCAL AGENCY FURTHER INFORMATION

Note:

The registered office address of the company has been shifted from Village Magpar / Padana, Taluka Lalpur, District Jamnagar, Gujarat, India to present address w.e.f. 16.07.2008.

AMALGAMATION OF WHOLLY-OWNED SUBSIDIARIES OF THE COMPANY WITH THE COMPANY:

Anadha Mercantile Private Limited, Anumati Enterprise Private Limited, BecRel Engineering Private Limited, Pipeline Infrastructure (India) Private Limited, Reliance Commercial Holding Private Limited, Reliance Engineering Associates Private Limited, Reliance Exploration Private Limited, Reliance Investment Enterprises Private Limited and Reliance Logistics Private Limited, the wholly-owned subsidiaries of the Company have been amalgamated with the Company. The Scheme of Amalgamation was sanctioned by the Hon’ble High Court of Judicature at Bombay and by the Hon’ble High Court of Judicature of Gujarat at Ahmedabad. The Scheme became effective on December 22, 2009, the Appointed Date of the Scheme being April 1, 2008.

The successful implementation of the Scheme has resulted in enhancement of shareholder value.

OPERATIONS:

During the year, the income from operations has increased from Rs.49803.500 millions to Rs.51179.300 millions. The Profit before Interest, Depreciation, Tax and adjustment pursuant to the Scheme of Amalgamation for the year has increased from Rs.25248.800 millions to Rs.27730.200 millions.

Holding and Subsidiary Companies:

During the year, the Company became a subsidiary of Priyash Commercials Private Limited and India Utilities and Power Limited became the wholly-owned subsidiary of the Company.

Further, during the year, Relcom Venture Capital Private Limited, Jagadanand Investments and Trading Company Private Limited and Jagdishvar Investments and Trading Company Private Limited became subsidiaries of the Company.

Bankers Charges Report as per Registry

This form is for	Modification of charge
Charge identification number of the modified	10074361
Corporate identity number of the company	U45102GJ1997PLC031906
Name of the company	RELIANCE PORTS AND TERMINALS LIMITED
Address of the registered office or of the principal place of business in India of the company	Admin Building, MTF Area, Village Sikka, Taluka and District Jamnagar - 361 140, Gujarat, India
Type of charge	Immovable property Any interest in immovable property
Particular of charge holder	Axis Trustee Services Limited, Maker Towers 'F', 13^thFloor, Cuffe Parade, Colaba, Mumbai - 400 005, Maharashtra, India
Nature of description of the instrument creating or modifying the charge	Indenture of Mortgage dated 8th February, 2008 being filed as an Addendum.
Date of instrument Creating the charge	08.02.2008
Amount secured by the charge	Rs.23000.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest The rate of interest applicable shall be the rate per annum which is the sum of LIBOR on the Quotation Date for that Interest Period and the then prevailing Applicable Margin. Terms of Repayment The Borrower shall repay the Facility by repaying on each of the first seven Repayment Dates an amount equal to US$37,750,000 and on each of the following five Repayment Dates an amount equal to US$47,150,000. Margin Not Applicable. Extent and Operation of the charge As per Clause 3 and Schedule to the Indenture of Mortgage being filed as an Addendum.
Short particulars of the property charged	As per Schedule to the Indenture of Mortgage dated 8^th February, 2008 being filed as an Addendum.
Particulars of the present modification	The Company has now created additional security by way of legal mortgage in English form on its additional immovable properties pertaining to the Project located within the State of Gujarat, more particularly described in the Schedule to the Indenture of Mortgage dated 8^th February, 2008 being filed as an Addendum.

FIXED ASSETS:

v Freehold land

v Leasehold land

v Buildings

v Plant and Machinery

v Office Equipments

v Furniture and Fixtures

v Jetties

v Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.31
UK Pound	1	Rs.81.37
Euro	1	Rs.67.97

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		54

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.

MIRA INFORM REPORT

2930.900

2246.900

3777.600

4104.600

3918.100

10049.700

6810.500

4055.700

26475.600

17757.600

43912.700

38214.500

5607.700

41986.000

26009.700

1637.100

664.900

47360.900

32282.300

(3448.200)

5932.200

(18.07)

(18.70)

(10.40)

(0.06)

0.70

1.18

Unit