MIRA INFORM REPORT

Report Date :

05.11.2012

IDENTIFICATION DETAILS

Name :	LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED (w.e.f.06.07.2006)
Formerly Known As :	LANCO MANTRI TECHNOLOGY PARK PRIVATE LIMITED LANCO TECHNOLOGIES PRIVATE LIMITED
Registered Office :	99LH, Manikonda, Hyderabad – 500033, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.09.2004
Com. Reg. No.:	01-044097
Capital Investment / Paid-up Capital :	Rs. 4805.000 Millions
CIN No.: [Company Identification No.]	U72200AP2004PTC044097
TAN No.: [Tax Deduction & Collection Account No.]	HYDL01343G
PAN No.: [Permanent Account No.]	AABCL1228R
Legal Form :	Private Limited Liability Company
Line of Business :	Real Estate Developers
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 19000000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate 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 slow. The company can be considered for business dealings with some caution.

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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term : B-
Rating Explanation	High risk of default
Date	November 3, 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	99LH, Manikonda, Hyderabad – 500033, Andhra Pradesh, India
Tel. No.:	91-40-44799400
Fax No.:	91-40-44799555
E-Mail :	surender.y@lancogroup.com
Website :	www.lancohills.com
Overseas Office :	5021, Fairview Ln, Skokie, IL 60077, USA

DIRECTORS

AS ON 28.07.2012

Name :

Mr. Bhaskara Rao Garlapati

Designation :

Director

Address :

Plot No.157, Road No.10, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

01.06.1954

Date of Appointment :

07.09.2004

DIN No.:

00075034

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	L74999AP1991PLC013391	LANCO INDUSTRIES LIMITED	Director	01/11/1991	01/11/1991	-	Active	NO
2	L45200AP1993PLC015545	LANCO INFRATECH LIMITED	Whole-time director	01/04/2011	26/03/1993	-	Active	NO
3	L64203AP1999PLC030996	YBRANT DIGITAL LIMITED	Director	28/01/1999	28/01/1999	27/03/2008	Active	NO
4	U40109AP1996PLC022967	CLARION POWER CORPORATION LIMITED	Director	12/04/2000	12/04/2000	01/10/2009	Active	NO
5	U31909AP1999PLC033104	RITHWIK ENERGY SYSTEMS LIMITED	Director	28/04/2000	28/04/2000	08/08/2009	Active	NO
6	U40109AP2002PTC038683	LANCO BUDHIL HYDRO POWER PRIVATE LIMITED	Director	21/03/2002	21/03/2002	22/07/2010	Active	NO
7	U40101AP1995PLC021459	LANCO KONDAPALLI POWER LIMITED	Director	17/12/2002	17/12/2002	19/06/2010	Active	NO
8	U74140HR2002PLC041507	LANCO GROUP LIMITED	Director	27/12/2002	27/12/2002	-	Active	NO
9	U40109AP2000PLC033791	NATIONAL ENERGY TRADING AND SERVICES LIMITED	Additional director	14/09/2009	05/02/2003	20/04/2010	Active	NO
10	U40109AP2001PLC036265	LANCO AMARKANTAK POWER LIMITED	Director	03/10/2003	03/10/2003	23/01/2012	Active	NO
11	U01119AP2003PTC042276	SAFFIRE FARMS PRIVATE LIMITED	Director	22/12/2003	22/12/2003	02/10/2007	Active	NO
12	U40101TN1997PLC037663	LANCO TANJORE POWER COMPANY LIMITED	Director	12/01/2004	12/01/2004	-	Active	NO
13	U01119AP2004PTC042613	CORAL ORCHIDS PRIVATE LIMITED	Director	10/02/2004	10/02/2004	26/06/2009	Active	NO
14	U45200AP2004PTC042805	URANUS INFRATECH PRIVATE LIMITED	Director	04/03/2004	04/03/2004	26/06/2009	Active	NO
15	U45200AP2004PTC042806	LANCO HORIZON PROPERTIES PRIVATE LIMITED	Director	08/03/2004	08/03/2004	-	Active	NO
16	U01119AP2004PTC042616	EMERALD ORCHIDS PRIVATE LIMITED	Director	08/03/2004	08/03/2004	-	Active	NO
17	U45200AP2004PTC042804	JUPITER INFRATECH PRIVATE LIMITED	Director	08/03/2004	08/03/2004	26/06/2009	Active	NO
18	U40109AP2004PTC043237	NEKKAR POWER PRIVATE LIMITED	Director	11/05/2004	11/05/2004	-	Active	NO
19	U40109AP2004PTC043235	PARVAT HYDRO POWER PRIVATE LIMITED	Director	11/05/2004	11/05/2004	-	Active	NO
20	U40109AP2004PLC043236	MIRACH POWER LIMITED	Director	11/05/2004	11/05/2004	16/11/2011	Active	NO
21	U40109AP2004PTC043260	CHATARI HYDRO POWER PRIVATE LIMITED	Director	17/05/2004	17/05/2004	-	Active	NO
22	U40109AP2004PTC043439	AVIOR POWER PRIVATE LIMITED	Director	09/06/2004	09/06/2004	-	Active	NO
23	U40109AP2004PTC043442	SIDDHESWARA POWER PRIVATE LIMITED	Director	09/06/2004	09/06/2004	-	Active	NO
24	U45400AP2004PTC042612	PORTIA PROPERTIES PRIVATE LIMITED	Director	09/06/2004	09/06/2004	02/12/2011	Active	NO
25	U72200AP2004PTC044097	LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED	Director	07/09/2004	07/09/2004	-	Active	NO
26	U01119AP2003PTC041094	GVRN AGRO ESTATES PRIVATE LIMITED	Director	28/09/2010	21/02/2005	01/09/2012	Active	NO
27	U40100AP2005PTC045442	PRAGDISA POWER PRIVATE LIMITED	Director	22/02/2005	22/02/2005	-	Active	NO
28	U40100AP2005PTC045449	HIMAVAT POWER PRIVATE LIMITED	Director	23/02/2005	23/02/2005	-	Active	NO
29	U40109AP2000PTC034758	LANCO TEESTA HYDRO POWER PRIVATE LIMITED	Director	26/03/2005	26/03/2005	-	Active	NO
30	U70102AP2005PTC047310	LANCO PROPERTY MANAGEMENT COMPANY PRIVATE LIMITED	Director	31/08/2005	31/08/2005	-	Active	NO
31	U40100AP2005PLC045445	LANCO VIDARBHA THERMAL POWER LIMITED	Additional director	12/01/2012	15/10/2005	-	Active	NO
32	U45200AP2006PTC048664	INFRA INDIA VENTURES PRIVATE LIMITED	Director	03/01/2006	03/01/2006	-	Active	NO
33	U65993AP2006PTC048667	LANFIN TRUSTEE PRIVATE LIMITED	Director	03/01/2006	03/01/2006	-	Strike off	NO
34	U40100AP2005PTC045448	VAINATEYA POWER PRIVATE LIMITED	Director	29/09/2006	16/01/2006	-	Active	NO
35	U74899DL2006PTC146288	RAVI HYDRO ELECTRIC PRIVATE LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
36	U74899DL2006PTC146289	HIMACHAL HYDRO POWER PRIVATE LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
37	U40106UR2006PTC032559	LANCO MANDAKINI HYDRO ENERGY PRIVATE LIMITED	Whole-time director	26/06/2007	21/02/2006	22/07/2010	Active	NO
38	U31200UP2006PLC031982	LANCO ANPARA POWER LIMITED	Director	12/06/2006	12/06/2006	-	Active	NO
39	U31909KA1996PLC019918	UDUPI POWER CORPORATION LIMITED	Director	17/07/2006	17/07/2006	22/07/2010	Active	NO
40	U40101AP2006PTC051333	LANCO POWER TRANSMISSION PRIVATE LIMITED	Director	05/10/2006	05/10/2006	-	Active	NO
41	U70102AP2006PTC051833	LANCO BAY TECHNOLOGY PARK PRIVATE LIMITED	Director	29/11/2006	29/11/2006	-	Active	NO
42	U45200AP2007PTC052452	GARNET INFRASTRUCTURE AND POWER VENTURES PRIVATE LIMITED	Director	22/01/2007	22/01/2007	-	Active	NO
43	U40108AP2007PTC052684	LANCO WIND POWER PRIVATE LIMITED	Director	08/02/2007	08/02/2007	24/11/2008	Active	NO
44	U01119AP2003PTC042228	BHASKAR ORCHIDS PRIVATE LIMITED	Director	28/09/2007	09/05/2007	31/08/2012	Active	NO
45	U01119AP2003PTC042329	BHASKAR AGRO FARMS PRIVATE LIMITED	Director	29/09/2007	11/05/2007	-	Active	NO
46	U01119AP2004PTC044421	VENU ORCHIDS PRIVATE LIMITED	Director	29/09/2007	11/05/2007	-	Active	NO
47	U40104AP2007PLC054207	LANCO BABANDH POWER LIMITED	Director	27/09/2012	30/05/2007	-	Active	NO
48	U01119AP2004PTC042615	GVRN GROVES PRIVATE LIMITED	Director	25/07/2007	25/07/2007	-	Active	NO
49	U45200AP2008PTC057345	TETHYS PROPERTIES PRIVATE LIMITED	Director	28/01/2008	28/01/2008	-	Active	NO
50	U45200AP2008PTC057340	BIANCA PROPERTIES PRIVATE LIMITED	Director	28/01/2008	28/01/2008	-	Active	NO
51	U45200AP2008PTC057339	BELINDA PROPERTIES PRIVATE LIMITED	Director	28/01/2008	28/01/2008	-	Active	NO
52	U45200AP2008PTC057338	ANANKE PROPERTIES PRIVATE LIMITED	Director	28/01/2008	28/01/2008	-	Active	NO
53	U45200AP2008PTC057347	THEBE PROPERTIES PRIVATE LIMITED	Director	28/01/2008	28/01/2008	26/06/2009	Active	NO
54	U45200AP2008PTC057344	NIX PROPERTIES PRIVATE LIMITED	Director	28/01/2008	28/01/2008	24/03/2012	Active	NO
55	U45200AP2008PTC057343	LEDA PROPERTIES PRIVATE LIMITED	Director	28/01/2008	28/01/2008	26/06/2009	Active	NO
56	U45200AP2008PTC057342	CRESSIDA PROPERTIES PRIVATE LIMITED	Director	28/01/2008	28/01/2008	26/06/2009	Active	NO
57	U52190AP2008PTC059253	MIMAS TRADING PRIVATE LIMITED	Director	21/05/2008	21/05/2008	-	Active	NO
58	U40300AP2008PTC059250	CYGNUS SOLAR PROJECTS PRIVATE LIMITED	Director	21/05/2008	21/05/2008	-	Active	NO
59	U74999AP2008PTC059254	PHOEBE TRADING PRIVATE LIMITED	Director	21/05/2008	21/05/2008	19/12/2011	Active	NO
60	U52599AP2008PTC059252	CHARON TRADING PRIVATE LIMITED	Director	21/05/2008	21/05/2008	25/06/2012	Active	NO
61	U40300AP2008PTC059248	LANCO SOLAR POWER PROJECTS PRIVATE LIMITED	Director	21/05/2008	21/05/2008	21/11/2011	Active	NO
62	U74900AP2008PTC060157	LANCO SOLAR PRIVATE LIMITED	Director	16/07/2008	16/07/2008	16/08/2010	Active	NO
63	U61100AP2008PTC061085	LANCO KERALA SEAPORTS PRIVATE LIMITED	Director	17/09/2008	17/09/2008	-	Active	NO
64	U40300AP2008PTC061269	THALASSA PROPERTIES PRIVATE LIMITED	Director	12/09/2010	01/10/2008	-	Active	NO
65	U70102AP2008PTC061287	SINOPE PROPERTIES PRIVATE LIMITED	Director	03/10/2008	03/10/2008	-	Active	NO
66	U40108AP2008PTC061286	PASIPHAE POWER PRIVATE LIMITED	Director	03/10/2008	03/10/2008	14/07/2012	Active	NO
67	U40300AP2008PTC061285	HELENE POWER PRIVATE LIMITED	Director	03/10/2008	03/10/2008	06/12/2011	Active	NO
68	U40300AP2008PTC061289	URSA SOLAR PROJECTS PRIVATE LIMITED	Director	06/10/2008	06/10/2008	-	Active	NO
69	U74900AP2008PTC061574	LANCO TRANSPORT NETWORK COMPANY PRIVATE LIMITED	Director	27/10/2008	27/10/2008	-	Active	NO
70	U70102AP2008PTC061984	ZANIA PROPERTIES PRIVATE LIMITED	Director	27/11/2008	27/11/2008	-	Active	NO
71	U40300AP2008PTC061976	ALUDRA SOLAR PROJECTS PRIVATE LIMITED	Director	27/11/2008	27/11/2008	-	Active	NO
72	U40106AP2008PTC061975	TALITHA SOLAR PROJECTS PRIVATE LIMITED	Director	27/11/2008	27/11/2008	-	Active	NO
73	U40300AP2008PTC061974	TABIT SOLAR PROJECTS PRIVATE LIMITED	Director	27/11/2008	27/11/2008	-	Active	NO
74	U40300AP2008PTC061973	CASTULA SOLAR POWER PROJECTS PRIVATE LIMITED	Director	27/11/2008	27/11/2008	-	Active	NO
75	U63090AP2009PTC063856	CARRETERA TRANSPORT INFRA PRIVATE LIMITED	Director	02/06/2009	02/06/2009	-	Active	NO
76	U40109AP2009PTC064018	LANCO SOLAR ENERGY PRIVATE LIMITED	Director	16/06/2009	16/06/2009	17/08/2010	Active	NO
77	U40300AP2009PLC065597	LANCO OPERATION AND MAINTENANCE COMPANY LIMITED	Director	31/12/2010	22/10/2009	14/07/2012	Active	NO
78	U40106AP2009PTC065841	SABITHA SOLAR PROJECTS PRIVATE LIMITED	Director	16/11/2009	16/11/2009	17/08/2010	Active	NO
79	U40108AP2009PTC065840	KHAYA SOLAR PROJECTS PRIVATE LIMITED	Director	16/11/2009	16/11/2009	17/08/2010	Active	NO
80	U40106AP2009PTC065856	BHANU SOLAR PROJECTS PRIVATE LIMITED	Director	17/11/2009	17/11/2009	17/08/2010	Active	NO
81	U40106AP2009PLC065865	DIWAKAR SOLAR PROJECTS LIMITED	Director	18/11/2009	18/11/2009	17/08/2010	Active	NO
82	U40300AP2009PTC066023	ORION SOLAR PROJECTS PRIVATE LIMITED	Director	27/11/2009	27/11/2009	17/08/2010	Active	NO
83	U40106AP2009PTC066021	OMEGA SOLAR PROJECTS PRIVATE LIMITED	Director	27/11/2009	27/11/2009	17/08/2010	Active	NO
84	U01119AP2004PTC044584	SIRI GROVES PRIVATE LIMITED	Director	29/09/2010	12/03/2010	-	Active	NO
85	U45400AP2007PLC053957	LANCO DEVIHALLI HIGHWAYS LIMITED	Director	31/07/2010	21/05/2010	12/01/2012	Active	NO
86	U45200AP2007PLC053124	LANCO HOSKOTE HIGHWAY LIMITED	Director	31/07/2010	21/05/2010	12/01/2012	Active	NO
87	U74900HR2010PTC041120	LANCO ENTERPRISE PRIVATE LIMITED	Director	27/08/2010	27/08/2010	-	Active	NO
88	U10200HR2010PLC041280	MAHATAMIL MINING AND THERMAL ENERGY LIMITED	Director	24/09/2010	24/09/2010	20/10/2011	Active	NO
89	U40108AP2010PTC070744	LANCO JHARKHAND MINING & POWER PRIVATE LIMITED	Director	06/10/2010	06/10/2010	-	Active	NO
90	U40300AP2010PTC070839	ARNEB POWER PRIVATE LIMITED	Director	13/10/2010	13/10/2010	25/12/2011	Active	NO
91	U40300AP2010PTC070838	MEGREZ POWER PRIVATE LIMITED	Director	13/10/2010	13/10/2010	28/02/2011	Active	NO
92	U40106AP2010PTC071541	LANCO SOLAR SERVICES PRIVATE LIMITED	Director	06/12/2010	06/12/2010	17/09/2011	Active	NO
93	U45400HR2011PLC041920	LANCO KANPUR HIGHWAYS LIMITED	Director	18/01/2011	18/01/2011	-	Active	NO
94	U74900HR2011PTC042955	LANCO FAMILY ENTERPRISE PRIVATE LIMITED	Director	16/05/2011	16/05/2011	-	Active	NO
95	U40109AP2005PLC045214	LANCO POWER LIMITED	Director	30/09/2011	30/06/2011	-	Active	NO
96	U40109AP2002PLC038452	LANCO THERMAL POWER LIMITED	Director	27/09/2012	30/03/2012	-	Active	NO
97	U01111AP1996PLC023347	LANCO HYDRO POWER LIMITED	Director	27/09/2012	30/03/2012	-	Active	NO
98	U28999AP2012PLC081727	AEOLIPILE ENGINEERING AND MANUFACTURING LIMITED	Director	02/07/2012	02/07/2012	-	Active	NO
99	U28112AP2012PLC081726	FOURNEYRON ENGINEERING AND MANUFACTURING LIMITED	Director	02/07/2012	02/07/2012	-	Active	NO

Name :

Mr. Madhusudhan Rao Lagadapati

Designation :

Director

Address :

Plot No.157, Road No.10, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

08.01.1966

Date of Appointment :

20.12.2005

DIN No.:

00074790

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	L74999AP1991PLC013391	LANCO INDUSTRIES LIMITED	Director	01/11/1991	01/11/1991	-	Active	NO
2	L45200AP1993PLC015545	LANCO INFRATECH LIMITED	Whole-time director	01/04/2011	26/03/1993	-	Active	NO
3	U31300AP1993PTC016266	SAI SHAKTHI INFRATECH PRIVATE LIMITED	Director	15/04/1998	15/04/1998	28/10/2006	Active	NO
4	U40101AP1995PLC021459	LANCO KONDAPALLI POWER LIMITED	Director	14/08/1998	14/08/1998	-	Active	NO
5	L64203AP1999PLC030996	YBRANT DIGITAL LIMITED	Director	28/01/1999	28/01/1999	27/03/2008	Active	NO
6	U28110AP2000PLC033224	LANCO NET LIMITED	Director	05/01/2000	05/01/2000	-	Active	NO
7	U40109AP2000PLC033791	NATIONAL ENERGY TRADING AND SERVICES LIMITED	Director	06/03/2000	06/03/2000	20/04/2010	Active	NO
8	U40109AP1996PLC022967	CLARION POWER CORPORATION LIMITED	Director	12/04/2000	12/04/2000	06/04/2009	Active	NO
9	U31909AP1999PLC033104	RITHWIK ENERGY SYSTEMS LIMITED	Director	28/04/2000	28/04/2000	06/04/2009	Active	NO
10	U40109AP2000PTC034758	LANCO TEESTA HYDRO POWER PRIVATE LIMITED	Director	26/06/2000	26/06/2000	22/07/2010	Active	NO
11	U40109AP2002PTC038683	LANCO BUDHIL HYDRO POWER PRIVATE LIMITED	Director	21/03/2002	21/03/2002	22/07/2010	Active	NO
12	U40101TN1997PLC037663	LANCO TANJORE POWER COMPANY LIMITED	Director	26/09/2002	26/09/2002	26/07/2010	Active	NO
13	U74140HR2002PLC041507	LANCO GROUP LIMITED	Director	27/12/2002	27/12/2002	01/08/2008	Active	NO
14	U40109AP2001PLC036265	LANCO AMARKANTAK POWER LIMITED	Director	03/10/2003	03/10/2003	-	Active	NO
15	U40109AP2004PLC043236	MIRACH POWER LIMITED	Director	27/09/2012	11/05/2004	-	Active	NO
16	U40109AP2004PTC043237	NEKKAR POWER PRIVATE LIMITED	Director	11/05/2004	11/05/2004	-	Active	NO
17	U40109AP2004PTC043235	PARVAT HYDRO POWER PRIVATE LIMITED	Director	11/05/2004	11/05/2004	-	Active	NO
18	U40109AP2004PTC043260	CHATARI HYDRO POWER PRIVATE LIMITED	Director	17/05/2004	17/05/2004	-	Active	NO
19	U40109AP2004PTC043440	BASAVA POWER PRIVATE LIMITED	Director	09/06/2004	09/06/2004	-	Active	NO
20	U40100AP2005PTC045442	PRAGDISA POWER PRIVATE LIMITED	Director	22/02/2005	22/02/2005	-	Active	NO
21	U40100AP2005PLC045445	LANCO VIDARBHA THERMAL POWER LIMITED	Director	23/02/2005	23/02/2005	30/10/2008	Active	NO
22	U70102AP2005PTC047310	LANCO PROPERTY MANAGEMENT COMPANY PRIVATE LIMITED	Director	07/12/2005	07/12/2005	-	Active	NO
23	U40100AP2005PTC045448	VAINATEYA POWER PRIVATE LIMITED	Director	29/09/2006	14/12/2005	-	Active	NO
24	U72200AP2004PTC044097	LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED	Director	20/12/2005	20/12/2005	-	Active	NO
25	U45200AP2006PTC048664	INFRA INDIA VENTURES PRIVATE LIMITED	Director	29/09/2006	09/01/2006	-	Active	NO
26	U74899DL2006PTC146288	RAVI HYDRO ELECTRIC PRIVATE LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
27	U74899DL2006PTC146289	HIMACHAL HYDRO POWER PRIVATE LIMITED	Director	14/02/2006	14/02/2006	-	Active	NO
28	U31200UP2006PLC031982	LANCO ANPARA POWER LIMITED	Director	12/06/2006	12/06/2006	26/07/2010	Active	NO
29	U31909KA1996PLC019918	UDUPI POWER CORPORATION LIMITED	Director	17/07/2006	17/07/2006	22/07/2010	Active	NO
30	U74900AP2008PTC060157	LANCO SOLAR PRIVATE LIMITED	Director	17/07/2008	17/07/2008	-	Active	NO
31	U63090AP2009PTC063856	CARRETERA TRANSPORT INFRA PRIVATE LIMITED	Director	02/06/2009	02/06/2009	-	Active	NO
32	U40108AP2009PTC065840	KHAYA SOLAR PROJECTS PRIVATE LIMITED	Director	30/09/2011	17/08/2010	13/07/2012	Active	NO
33	U40109AP2009PTC064018	LANCO SOLAR ENERGY PRIVATE LIMITED	Director	30/09/2011	17/08/2010	-	Active	NO
34	U40106AP2009PLC065865	DIWAKAR SOLAR PROJECTS LIMITED	Director	30/09/2011	17/08/2010	-	Active	NO
35	U40106AP2009PTC065841	SABITHA SOLAR PROJECTS PRIVATE LIMITED	Director	31/12/2010	17/08/2010	02/04/2012	Active	NO
36	U40300AP2009PTC066023	ORION SOLAR PROJECTS PRIVATE LIMITED	Director	31/12/2010	17/08/2010	02/04/2012	Active	NO
37	U40106AP2009PTC065856	BHANU SOLAR PROJECTS PRIVATE LIMITED	Director	31/12/2010	17/08/2010	31/03/2012	Active	NO
38	U40106AP2009PTC066021	OMEGA SOLAR PROJECTS PRIVATE LIMITED	Director	31/12/2010	17/08/2010	02/04/2012	Active	NO
39	U45400HR2011PLC041920	LANCO KANPUR HIGHWAYS LIMITED	Director	18/01/2011	18/01/2011	02/05/2011	Active	NO
40	U40109AP2002PLC038452	LANCO THERMAL POWER LIMITED	Director	27/09/2012	30/03/2012	-	Active	NO
41	U01111AP1996PLC023347	LANCO HYDRO POWER LIMITED	Director	27/09/2012	30/03/2012	-	Active	NO
42	U40109AP2005PLC045214	LANCO POWER LIMITED	Additional director	01/05/2012	01/05/2012	-	Active	NO
43	U28999AP2012PLC081727	AEOLIPILE ENGINEERING AND MANUFACTURING LIMITED	Director	02/07/2012	02/07/2012	-	Active	NO
44	U28112AP2012PLC081726	FOURNEYRON ENGINEERING AND MANUFACTURING LIMITED	Director	02/07/2012	02/07/2012	-	Active	NO

Name :

Mr. Venkatesh Babu Gangarap

Designation :

Director

Address :

Flat No. 66 and 68, Ashwini Layout, Hallmark Hill View, Road No.78, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

03.07.1968

Date of Appointment :

20.12.2005

DIN No.:

00075079

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	U74140HR2002PLC041507	LANCO GROUP LIMITED	Director	31/03/2006	15/10/2004	-	Active	NO
2	U40109AP1996PLC022967	CLARION POWER CORPORATION LIMITED	Director	29/03/2005	29/03/2005	29/03/2010	Active	NO
3	L45200AP1993PLC015545	LANCO INFRATECH LIMITED	Managing director	24/06/2011	27/06/2005	-	Active	NO
4	U40109AP2001PLC036265	LANCO AMARKANTAK POWER LIMITED	Director	19/12/2005	19/12/2005	-	Active	NO
5	U40101TN1997PLC037663	LANCO TANJORE POWER COMPANY LIMITED	Director	19/12/2005	19/12/2005	-	Active	NO
6	U72200AP2004PTC044097	LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED	Director	20/12/2005	20/12/2005	-	Active	NO
7	U45200AP2006PTC048664	INFRA INDIA VENTURES PRIVATE LIMITED	Director	29/09/2006	09/01/2006	-	Active	NO
8	U31909AP1999PLC033104	RITHWIK ENERGY SYSTEMS LIMITED	Director	29/03/2006	29/03/2006	08/08/2009	Active	NO
9	U31909KA1996PLC019918	UDUPI POWER CORPORATION LIMITED	Director	25/08/2008	17/07/2006	-	Active	NO
10	U40109AP2005PLC045214	LANCO POWER LIMITED	Director	30/09/2011	08/01/2007	-	Active	NO
11	U40109AP2002PLC038452	LANCO THERMAL POWER LIMITED	Director	27/09/2012	19/01/2007	-	Active	NO
12	U40101AP1995PLC021459	LANCO KONDAPALLI POWER LIMITED	Director	22/01/2007	22/01/2007	29/04/2010	Active	NO
13	U70102AP2004PTC042760	MERCURY PROJECTS PRIVATE LIMITED	Director	27/09/2012	01/02/2007	-	Active	NO
14	U70102AP2004PTC042759	URANUS PROJECTS PRIVATE LIMITED	Director	27/09/2012	26/02/2007	-	Active	NO
15	U40109AP2000PLC033791	NATIONAL ENERGY TRADING AND SERVICES LIMITED	Director	24/04/2007	24/04/2007	17/07/2010	Active	NO
16	U31200UP2006PLC031982	LANCO ANPARA POWER LIMITED	Director	17/09/2007	30/04/2007	26/07/2010	Active	NO
17	U40104AP2007PLC054207	LANCO BABANDH POWER LIMITED	Director	17/11/2008	11/06/2007	22/07/2010	Active	NO
18	U45200AP2007PLC053124	LANCO HOSKOTE HIGHWAY LIMITED	Director	07/08/2009	01/03/2008	21/04/2010	Active	NO
19	U45400AP2007PLC053957	LANCO DEVIHALLI HIGHWAYS LIMITED	Director	07/08/2009	01/05/2008	21/04/2010	Active	NO
20	U74900AP2008PTC061574	LANCO TRANSPORT NETWORK COMPANY PRIVATE LIMITED	Director	30/09/2009	28/10/2008	-	Active	NO
21	U40100AP2005PLC045445	LANCO VIDARBHA THERMAL POWER LIMITED	Director	15/07/2009	30/10/2008	22/07/2010	Active	NO
22	U63090AP2009PTC063856	CARRETERA TRANSPORT INFRA PRIVATE LIMITED	Director	02/06/2009	02/06/2009	-	Active	NO
23	U40109AP2000PTC034758	LANCO TEESTA HYDRO POWER PRIVATE LIMITED	Additional director	16/10/2009	16/10/2009	21/04/2010	Active	NO
24	U74900AP2008PTC060157	LANCO SOLAR PRIVATE LIMITED	Director	18/05/2010	18/05/2010	-	Active	NO
25	U74999TN2010PTC076592	BAY OF BENGAL GATEWAY TERMINAL PRIVATE LIMITED	Additional director	24/07/2010	24/07/2010	21/01/2011	Active	NO
26	U40109AP2009PTC064018	LANCO SOLAR ENERGY PRIVATE LIMITED	Director	30/09/2011	17/08/2010	-	Active	NO
27	U40108AP2009PTC065840	KHAYA SOLAR PROJECTS PRIVATE LIMITED	Director	30/09/2011	03/09/2010	02/04/2012	Active	NO
28	U40106AP2009PTC065856	BHANU SOLAR PROJECTS PRIVATE LIMITED	Director	31/12/2010	03/09/2010	02/04/2012	Active	NO
29	U40106AP2009PLC065865	DIWAKAR SOLAR PROJECTS LIMITED	Director	30/09/2011	03/09/2010	-	Active	NO
30	U10200HR2010PLC041280	MAHATAMIL MINING AND THERMAL ENERGY LIMITED	Director	17/09/2012	20/10/2011	-	Active	NO
31	U01111AP1996PLC023347	LANCO HYDRO POWER LIMITED	Director	27/09/2012	30/03/2012	-	Active	NO

Name :

Mr. Mitesh Surendra Kulkarni

Designation :

Director

Address :

Amod Ankur, S No. 38/1, Building No. J, Near Mantri Park, Kothrud, Pune – 411029, Maharashtra, India

Date of Birth/Age :

31.12.1966

Date of Appointment :

17.08.2009

DIN No.:

00430419

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	Company/ LLP Status	Defaulting status
1	U70102PN2005PTC021072	SANMIT PROPERTIES PRIVATE LIMITED	Director	27/07/2005	27/07/2005	Active	NO
2	U00893PN2006PTC022325	STRATEGIC FINANCIAL AND MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	12/04/2006	12/04/2006	Active	NO
3	U00899PN2006PTC128337	ACCURATE ASSET VALUERS AND SURVEYORS PRIVATE LIMITED	Director	19/04/2006	19/04/2006	Active	NO
4	U72200AP2004PTC044097	LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED	Director	17/08/2009	17/10/2008	Active	NO
5	U74140PN2007PTC129915	SRI CHAMUNDESHWARI MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	09/03/2009	09/03/2009	Active	NO
6	U67190KA2009PTC051891	AZURE CAPITAL ADVISORS PRIVATE LIMITED	Director	28/09/2012	30/01/2012	Active	NO
7	U70102KA2010PTC055639	MANTRI MANSION PRIVATE LIMITED	Director	15/06/2012	23/04/2012	Active	NO

Name :

Mr. Prakash Gajanana Hegde

Designation :

Director

Address :

1915, (53/B) 10-B-Cross, Rajaji Nagar, Bangalore - 560010, Karnataka, India

Date of Birth/Age :

08.06.1958

Date of Appointment :

20.05.2008

DIN No.:

01077206

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	U45201KA2005PTC037698	MANTRI CORNERSTONE HOLDING PRIVATE LIMITED	Director	02/03/2007	02/03/2007	-	Active	NO
2	U45201KA2006PTC039180	DEETA CONSTRUCTIONS PRIVATE LIMITED	Director	15/04/2008	05/06/2007	-	Active	NO
3	U45201KA2006PTC039177	INESH REALTORS PRIVATE LIMITED	Director	15/04/2008	05/06/2007	-	Active	NO
4	U45201KA2006PTC039179	ANTHARIKSH CONSTRUCTIONS PRIVATE LIMITED	Director	01/04/2008	05/06/2007	-	Active	NO
5	U45201KA2007PTC043436	MANTRI TECHNOLOGY CONSTELLATIONS PRIVATE LIMITED	Director	01/04/2008	20/09/2007	26/11/2010	Active	NO
6	U45201KA2007PTC043434	MANTRI TECHNOLOGY PARKS PRIVATE LIMITED	Director	15/04/2008	20/09/2007	-	Active	NO
7	U45201KA2007PTC043458	MANTRI INFRASTRUCTURE PRIVATE LIMITED	Director	01/04/2008	20/09/2007	-	Active	NO
8	U45201KA2007PTC043435	MANTRI SIERRA STRUCTURE PRIVATE LIMITED	Director	01/04/2008	20/09/2007	-	Active	NO
9	U45202KA2007PTC043433	MANTRI GEO STRUCTURES PRIVATE LIMITED	Director	01/04/2008	20/09/2007	-	Active	NO
10	U72200AP2004PTC044097	LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED	Director	20/05/2008	13/10/2007	-	Active	NO
11	U45201KA2006PTC039175	BRAHMAGIRI REALTORS PRIVATE LIMITED	Director	01/04/2008	04/12/2007	-	Active	NO
12	U45201KA2007PTC044673	SMARTHOMES DEVELOPERS (INDIA) PRIVATE LIMITED	Director	14/12/2007	14/12/2007	-	Active	NO
13	U45201KA2003PTC033023	MANTRI TECHZONE PRIVATE LIMITED	Director	14/05/2010	21/01/2008	-	Active	NO
14	U72200KA2006PTC040044	QUADRA SOFTWARE SOLUTIONS PRIVATE LIMITED	Director	02/04/2008	19/02/2008	-	Active	NO
15	U74140KA2007PTC044006	MANTRI DWELLINGS PRIVATE LIMITED	Director	23/06/2009	05/09/2008	-	Active	NO
16	U70102KA1993PTC015069	SHIVASHAKTHI ESTATES AND INVESTMENTS PRIVATE LIMITED	Director	09/04/2010	14/04/2009	-	Active	NO
17	U51311KA2002PTC030545	RAFFLES ENTERPRISES PRIVATE LIMITED	Director	09/04/2010	14/04/2009	-	Active	NO
18	U55101KA2008PTC047021	SURAJ INN PRIVATE LIMITED	Director	27/05/2009	14/04/2009	-	Active	NO
19	U80222KA2007PTC043242	NORTH EDUCATIONAL ACADEMY (INDIA) PRIVATE LIMITED	Director	30/04/2009	14/04/2009	-	Active	NO
20	U70102KA2009PTC051227	AVANT-GARDE SHELTERS PRIVATE LIMITED	Director	16/10/2009	16/10/2009	-	Active	NO
21	U70102KA2007PTC044483	MANTRI APARTMENTS PRIVATE LIMITED	Director	15/06/2011	08/10/2010	-	Active	NO
22	L26900KA1979PLC061580	MARATHWADA REFRACTORIES LIMITED	Director	26/09/2011	13/04/2011	-	Active	NO
23	U67190KA2009PTC051891	AZURE CAPITAL ADVISORS PRIVATE LIMITED	Director	28/09/2012	30/01/2012	-	Active	NO
24	U07010KA2004PTC035166	TARUN REALTORS PRIVATE LIMITED	Additional director	01/08/2012	01/08/2012	-	Active	NO
25	U70100KA2011PTC060335	MANTRI PREMIER HOMES PRIVATE LIMITED	Additional director	25/10/2012	25/10/2012	-	Active	NO

Name :

Pochendar Shenigarapu

Designation :

Director and Chief Executive Officer

Address :

Plot No. 2, Gated Community,, Dream Valley, Shaikpet, Shaikpet, Mandal, Hyderabad – 500008, Andhra Pradesh, India

Date of Birth/Age :

08.10.1960

Date of Appointment :

30.04.2007

DIN No.:

01210264

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	Company/ LLP Status	Defaulting status
1	U72200AP2004PTC044097	LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED	Whole-time director	30/04/2007	16/12/2006	Active	NO
2	U15400AP2010PTC069338	SPNC CATERING PRIVATE LIMITED	Director	06/07/2010	06/07/2010	Active	NO

KEY EXECUTIVES

Name :	Mr. Yogender Surender
Designation :	Company Secretary
PAN No.:	AAUPY5823B
Name :	V. Raja Rao
Designation :	Senior Vice President – Finance
Name :	K. Srinivas Rao
Designation :	GM – Sales and Marketing

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 28.07.2012

Names of Shareholders	No. of Shares
G. Bhaskara Rao	50
L. Sridhar	50
Lanco Infratech Limited, India	221999900
Brahmagiri Realtors Private Limited, India	58500000
Total	280500000

Names of Preference Shareholders	No. of Shares
Lanco Infratech Limited, India	20000000
Total	20000000

AS ON 28.07.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	99.99
Directors or relatives of directors	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Real Estate Developers

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Punjab National Bank, Large Corporate Branch, No. 781-785, Rayala Towers, III Floor, Anna Salai, Chennai – 600002, Tamilnadu, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Rupee term loans banks secured	6835.000	6750.000
Foreign currency loans banks secured	4911.500	4965.400
Total	11746.500	11715.400
Note: (A) Rupee term loan - Phase I Rs. 2775000000 (Secured as first charge, ranking paripassu, by way of hypothecation of all receivables and movable assets, including plant, machinery equipment, machinery spares, tools, stores, furniture, fixtures, vehicles and other moveable assets, both present and future, and mortgage of 50 acres of phase I land together with building superstructures, amenities, infrastructure and other immovable assets present and future to be constructed/ developed thereon.) Rupee term loan - Phase II Rs. 4060000000 (Secured as first charge, ranking paripassu, by way of hypothecation of all receivables and movable assets including movable, plant, machinery, spares, tools, stores and accessories, furniture and fixtures, vehicles, building and other immovable assets both present and future of the Phase II of the project in 50 acres of land, present and future to be constructed/ developed and mortgage of 27.29 acres together with building, superstructures, infrastructure, amenities and other immovable assets present and future to be constructed/ developed, part of the above said land, by way of equitable mortgage in Manikonda village with the development rights. Further secured by way of a third party guarantee by way of an equitable mortgage of land admeasuring 26.39 acres at Siruseri village, Tamilnadu State as collateral security) (B) [Secured by pledge of shares of the holding company by the shareholders (including promoter shareholders) of holding company].

Banking Relations :	--
Auditors :
Name :	S R Batlboi and Company Chartered Accountants
Address :	Oval Office, 18, iLabs Centre, Hitech City, Madhapur, Hyderabad - 500081, Andhra Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AALFS0506L
Holding Company :	Lanco Infratech Limited [L45200AP1993PLC015545]

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
400,000,000	Equity Shares	Rs. 10/- each	Rs. 4000.000 Millions
20,000,000	Preference Shares	Rs. 100/- each	Rs. 2000.000 Millions
	Total		Rs. 6000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
280,500,000	Equity Shares	Rs.10/- each	Rs. 2805.000 Millions
20,000,000	Preference Shares	Rs. 100/- each	Rs. 2000.000 Millions
	Total		Rs. 4805.000 Millions

NOTE:

(A) 400,000,000 equity shares of Rs.10 each

(B) 20,000,000 0.01% Cumulative Convertible Redeemable Preference shares of Rs. 100 each fully paid up

(C) 300,000,000 equity shares of Rs. 10 each

(D) 20,000,000 0.01% Cumulative Convertible Redeemable Preference shares of Rs. 100 each fully paid up

(E) 300,000,000 equity shares of Rs. 10 each

(F) 20,000,000 0.01% Cumulative Convertible Redeemable Preference shares of Rs. 100 each fully paid up

(G) 300,000,000 equity shares of Rs. 10 each Less: Calls unpaid (19,500,000 equity shares of Rs. 10 each Of the above: 221,999,900 equity shares of Rs. 10 each are held by Lanco Infratech Limited, the Holding Company

(H) 20,000,000 0.01% Cumulative Convertible Redeemable Preference shares of Rs. 100 each fully paid up. Of the above: a) 15,600,000 preference shares have been issued to Lanco Infratech Limited, the Holding Company, and are redeemable in four equal installments at the end of 5th, 6th, 7th and 8th year from the date of issue i.e. October 20, 2009 with an option for early redemption or rollover for a further agreed period or convert into equity at par with the prior approval of the Board. b) 44,000,000 preference shares have been issued to Lanco Infratech Limited, the Holding Company, and are redeemable in four equal installments at the end of 5th, 6th, 7th and 8th year from the date of issue i.e. January 22, 2010 with an option for early redemption or rollover for a further agreed period or convert into equity at par with the prior approval of the Board.

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		4805.000	4250.000	2250.000
2] Share Application Money		160.000	60.000	0.000
3] Reserves & Surplus		0.000	0.000	263.236
4] (Accumulated Losses)		(183.981)	(123.324)	0.000
NETWORTH		4781.019	4186.676	2513.236
LOAN FUNDS
1] Secured Loans		11746.500	11715.400	10754.500
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		11746.500	11715.400	10754.500
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		16527.519	15902.076	13267.736
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1701.420	1551.020	1611.028
Capital work-in-progress		3136.044	2889.744	822.179
Expenditure pending allocation, net		2398.428	1313.356	1653.543
INVESTMENT		427.406	894.836	1250.000
DEFERREX TAX ASSETS		0.000	0.000	3.709
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	11724.932	11178.413	7551.476
	Sundry Debtors	385.624	178.382	293.519
	Cash & Bank Balances	180.206	995.502	2220.895
	Other Current Assets	4.959	41.294	19.358
	Loans & Advances	499.523	829.517	894.130
Total Current Assets		12795.244	13223.108	10979.378
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1633.137	1782.124	1778.702
	Other Current Liabilities	2266.572	2178.852	1265.795
	Provisions	31.314	9.012	7.604
Total Current Liabilities		3931.023	3969.988	3052.101
Net Current Assets		8864.221	9253.120	7927.277
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		16527.519	15902.076	13267.736

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	1863.200	875.273	1574.447
		Other Income	N.A.	76.578	6.936
		Less: Reversal on account of cancellation and price revision	187.600	(1131.994)	0.000
		TOTAL	N.A.	(180.143)	1581.383
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	N.A.	202.708	1515.802
	PROFIT BEFORE TAX		(40.200)	(382.851)	65.581
Less	TAX		0.000	3.710	27.585
	PROFIT AFTER TAX		(40.200)	(386.561)	37.996
	BALANCE CARRIED TO THE B/S		(184.000)	(123.300)	263.236
	IMPORTS
		Construction Materials	119.481	10.569	0.000
		Capital Goods	0.000	0.000	2.608
	TOTAL IMPORTS		119.481	10.569	2.608
	Earnings Per Share (Rs.)		(0.13)	(1.72)	0.18

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	N.A.	68.45	2.40
Net Profit Margin (PBT/Sales)	(%)	(2.16)	(43.74)	4.17
Return on Total Assets (PBT/Total Assets}	(%)	(0.28)	(2.59)	0.52
Return on Investment (ROI) (PBT/Networth)		(0.01)	(0.09)	0.03
Debt Equity Ratio (Total Liability/Networth)		3.28	3.75	5.49
Current Ratio (Current Asset/Current Liability)		3.25	3.33	3.60

LOCAL AGENCY FURTHER INFORMATION

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

Note: The registered address of the company has been shifted from Plot No. 565, Road No. 92, Phase III, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India to the present w.e.f. 24.07.2009

NATURE OF OPERATIONS

Subject is a Company registered under Indian Companies Act, 1956. The Company is developing residential and commercial space and amenities on an approximately 100 acres of land, at Manikonda, Hyderabad as part of an exclusive “Knowledge Corridor’ being promoted by the Government of Andhra Pradesh.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U72200AP2004PTC044097
Name of the company	LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No 4, Software Units Layout, Madhapur, Hitech City, Hyderabad – 500081, Andhra Pradesh, India Email: surender.y@lancogroup.com
This form is for	Creation of charge
Type of charge	Immovable Property
Particular of charge holder	Punjab National Bank, Large Corporate Branch, No. 781-785, Rayala Towers, III Floor, Anna Salai, Chennai – 600002, Tamilnadu, India Email: bo0305@pnb.co.in
Nature of description of the instrument creating or modifying the charge	Land admeasuring 22.45 Acres duly delineated in the annexed plan out of land admeasuring 50.00 acres or thereabouts, being Phase I Project site comprised in R.S. No. 201 in Manikonda Jagir Village, Rajendra Nagar Mandal, Ranga Reddy District, Andhra Pradesh
Date of instrument Creating the charge	15.05.2012
Amount secured by the charge	Rs. 3750.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per term loan Agreement Terms of Repayment As per term loan Agreement Margin As per term loan Agreement Extent and Operation of the charge As per term loan Agreement
Short particulars of the property charged	Land admeasuring 22.45 Acres duly delineated in the annexed plan out of land admeasuring 50.00 acres or thereabouts, being Phase I Project site comprised in R.S. No. 201 in Manikonda Jagir Village,

CONTINGENT LIABILITIES NOT PROVIDED FOR

(Rs. in millions)

Particulars	31.03.2011	31.03.2010
Arrears of fixed cumulative dividend on 0.01% Cumulative Convertible Preference shares	0.278	0.078
Dividend distribution tax on preference dividend	0.046	0.013
Claims against the Company not acknowledged as debts:
- Income tax for the Assessment Year 2007-08 under Appeal with Commissioner of Income Tax (Appeals)	1.080	1.080
- Seignorage fee under Appeal with Commissioner of Geology, Government of Andhra Pradesh	192.931	192.932
- Value added tax payable for the tax period from October 2007 to March 2008	14.262	0.000
Total	208.597	194.012

FIXED ASSETS:

Ø Land

Ø Buildings

Ø Furniture and Fixture

Ø Plant and Machinery

Ø Office Equipment

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 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. 53.66
UK Pound	1	Rs. 86.37
Euro	1	Rs. 69.24

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--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		26

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.