MIRA INFORM REPORT

Report Date :

06.11.2012

IDENTIFICATION DETAILS

Name :	THE SINGARENI COLLIERIES COMPANY LIMITED
Registered Office :	Kothagudem Collieries, District Khammam - 507101, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	23.12.1920
Com. Reg. No.:	01-000571
Capital Investment / Paid-up Capital :	Rs.17331.981 Millions
CIN No.: [Company Identification No.]	U10102AP1920SGC000571
PAN No.: [Permanent Account No.]	AAACT8873F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Coal Mining
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 120000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed large company jointly owned by state and central government. The company maintain its strong financial risk profit. But the financial for the 2010-2011 is missing from government department. However, fundamentals of the company appears to be strong. Financial its appears excellent. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitments. In view of strong holding company can be considered trustworth of business dealing.

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	AA (Long Term Debt Programme)
Rating Explanation	Having high degree of safety regarding timely servicing of financial obligation it carry very low credit risk.
Date	December 2010

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 :	Kothagudem Collieries, District Khammam - 507101, Andhra Pradesh
Tel. No.:	91-8744-242873/ 242301 to 242304
Fax No.:	91-8744-242393/ 242305
E-Mail :	cosecy@scclmines.com cssccl@rediffmail.com
Website :	www.scclmines.com
Branches :	Singareni Bhavan, Red Hills, PB. No.18, Khiratabad PO, Hyderabad – 500 004
Tel No:	91-40-23397775
Fax No:	91-40-23307653

DIRECTORS

As on: 29.09.2011

Name :

Mr. Jammalamadaka Venkata Dattatreyulu

Designation :

Whole Time Director (Operation)

Address :

SOB No.1, Bunglows Area, L.D.Palli, Kothagudem – 507 101, Khammam, Andhra Pradesh, India

Date of Birth/Age :

14.04.1953

Date of Appointment :

01.09.2004

DIN No.:

00109732

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	U10102AP1920SGC000571	THE SINGARENI COLLIERIES COMPANY LIMITED	Director	01/09/2004	01/09/2004	-	Active	NO
2	U29219AP1976SGC002071	ANDHRA PRADESH HEAVY MACHINERY AND ENGINEERING LIMITED	Nominee director	27/06/2008	27/06/2008	-	Active	NO
3	U40101DL2007PTC166472	NTPC-SCCL GLOBAL VENTURES PRIVATE LIMITED	Nominee director	30/03/2011	30/03/2011	18/07/2011	Active	NO

Name :

Mr. Dinesh Chandra Garg

Designation :

Director

Address :

CMD’s Bungalows, Koyla Vihar, Civil Lines, Nagpur – 440 001, Maharashtra, India

Date of Birth/Age :

12.11.1954

Date of Appointment :

21.09.2007

DIN No.:

00267658

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	U10101JH1972GOI000918	BHARAT COKING COAL LIMITED	Director	15/10/2004	15/10/2004	01/05/2007	Active	NO
2	U10100MH1975GOI018626	WESTERN COALFIELDS LIMITED	Managing director	01/05/2007	01/05/2007	-	Active	NO
3	U10102AP1920SGC000571	THE SINGARENI COLLIERIES COMPANY LIMITED	Director	21/09/2007	21/09/2007	-	Active	NO
4	L23109WB1973GOI028844	COAL INDIA LIMITED GOVT OF INDIA UNDERTAKING	Director	15/02/2008	15/02/2008	18/07/2008	Active	NO

Name :

Mr. Vivekanand Sattineni

Designation :

Whole-Time Director (Finance)

Address :

Quarter No.S-4, Bungalows Area, Kothagudem, Khammam – 507101, Andhra Pradesh, India

Date of Birth/Age :

10.03.1965

Date of Appointment :

03.09.2010

DIN No.:

03213226

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	U10102AP1920SGC000571	THE SINGARENI COLLIERIES COMPANY LIMITED	Director	03/09/2010	03/09/2010	-	Active	NO
2	U29219AP1976SGC002071	ANDHRA PRADESH HEAVY MACHINERY AND ENGINEERING LIMITED	Nominee director	03/08/2012	03/08/2012	-	Active	NO

Name :

Mr. Bikki Ramesh Kumar

Designation :

Whole-Time Director (Planning and Projects)

Address :

S-2, Bungalows Area, L.D Palli, Kothagudem, Khammam – 507101, Andhra Pradesh, India

Date of Birth/Age :

18.04.1957

Date of Appointment :

13.06.2011

DIN No.:

01312607

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	U40101DL2007PTC166472	NTPC-SCCL GLOBAL VENTURES PRIVATE LIMITED	Director	31/07/2007	31/07/2007	-	Active	NO
2	U10102AP1920SGC000571	THE SINGARENI COLLIERIES COMPANY LIMITED	Director	13/06/2011	13/06/2011	-	Active	NO

Name :

Mr. Bhaskar Venkataramany

Designation :

Director

Address :

Plot No.14, Ishaq Colony, Secunderabad – 500018, Andhra Pradesh, India

Date of Birth/Age :

13.09.1953

Date of Appointment :

01.07.2011

DIN No.:

03558571

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	U65993AP1993SGC015241	ANDHRA PRADESH URBAN FINANCE AND INFRASTRUCTURE DEVELOPMENT CORPORATION LIMITED	Nominee director	14/06/2011	14/06/2011	-	Dormant	NO
2	U80302AP2002NPL039397	INSTITUTE OF INSURANCE AND RISK MANAGEMENT	Nominee director	16/06/2011	16/06/2011	-	Active	NO
3	U10102AP1920SGC000571	THE SINGARENI COLLIERIES COMPANY LIMITED	Director	01/07/2011	01/07/2011	-	Active	NO
4	U40109AP2000SGC034911	ANDHRA PRADESH POWER FINANCE CORPORATION LIMITED	Nominee director	01/07/2011	01/07/2011	-	Active	NO
5	U62100AP2002PLC040118	GMR HYDERABAD INTERNATIONAL AIRPORT LIMITED	Director	22/08/2011	20/07/2011	-	Active	NO
6	U45200AP2006PLC051999	DECCAN INFRASTRUCTURE AND LAND HOLDINGS LIMITED	Nominee director	27/09/2011	27/09/2011	-	Active	NO

Name :

Mr. Anil Kapoor

Designation :

Director

Address :

H.No.126, Galli No.1, Wazirabad Village, Delhi - 110084, India

Date of Birth/Age :

12.02.1953

Date of Appointment :

28.07.2011

DIN No.:

03585562

Name :

Mr. Vijaya Kumar Thappita

Designation :

Whole-Time Director(Personnel, Administration and Welfare)

Address :

Qr. No. S-3, Bungalows Area, L.D Palli, Kothagudem, Khammam - 507 101, Andhra Pradesh, India

Date of Birth/Age :

02.05.1963

Date of Appointment :

03.08.2011

DIN No.:

03597435

Name :

Mr. Dinesh Kumar

Designation :

Director

Address :

P.J -10, Punjagutta Colony, Punjagutta, Hyderabad - 500 482, Andhra Pradesh

Date of Birth/Age :

16.09.1958

Date of Appointment :

10.05.2012

DIN No.:

01658847

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	U40109AP2000SGC034911	ANDHRA PRADESH POWER FINANCE CORPORATION LIMITED	Nominee director	16/08/2011	25/04/2007	-	Active	NO
2	U40109AP1998SGC030806	ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED	Director	08/08/2011	08/08/2011	22/09/2012	Active	NO
3	U40108AP1969SGC001295	NEW AND RENEWABLE ENERGY DEVELOPMENT CORPORATION OF ANDHRA PRADESH LIMITED	Nominee director	08/08/2011	08/08/2011	04/08/2012	Active	NO
4	U10102AP1920SGC000571	THE SINGARENI COLLIERIES COMPANY LIMITED	Director	10/05/2012	16/08/2011	-	Active	NO
5	U31909AP1998SGC030805	TRANSMISSION CORPORATION OF ANDHRA PRADESH LIMITED	Director	16/08/2011	16/08/2011	17/10/2012	Active	NO
6	U40109AP2000SGC034116	CENTRAL POWER DISTRIBUTION COMPANY OF ANDHRA PRADESH LIMITED	Nominee director	18/08/2011	18/08/2011	03/08/2012	Active	NO
7	U24111AP1988PLC009231	ANDHRA PRADESH GAS POWER CORPORATION LIMITED	Nominee director	18/08/2011	18/08/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Janamanchi Rama Krishna
Designation :	Company Secretary
Address :	MA-8, Near Central Workshop, Writers Basthi, Kothagudem – 507 101, Khammam, Andhra Pradesh, India
Date of Birth/Age :	04.05.1956
Date of Appointment :	20.11.1995
Pan No.:	AAYPJ0049E
Name :	Mr. Sutirtha Bhattacharya
Designation :	C and MD, SCCL
Name :	Mr. J.V. Dattatreyulu
Designation :	Director (Operations)
Name :	Mr. B. Ramesh Kumar
Designation :	Director (P and P)
Name :	Mr. P. Viswanadha Raju
Designation :	Director (E and M)
Name :	Mr. S. Vivekanand ,IRAS
Designation :	Director (Finance)
Name :	Mr. T. Vijaya Kumar ,IAS
Designation :	Director (PA and W)
Name :	Mr. B. Nagya
Designation :	ED(Coal Movement)
Name :	Mr. Surendra Pandey IFS
Designation :	Advisor (Forestry)
Name :	Mr. A. Manohar Rao
Designation :	CGM (CP and P)
Name :	Mr. S. Chandrasekhar
Designation :	GM (Cordination)

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 29.09.2011

SHAREHOLDERS DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on: 29.09.2011

Category	Percentage
Government [Central and State]	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Coal Mining

Products :

Item Code No. (ITC Code)	Product Description
270112.00	Bituminous Coal

PRODUCTION STATUS (As On 31.03.2010)

Particulars	Unit	Installed Capacity	Actual Production
Coal	Lakh tones	476.78	504.29

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

State Bank of Hyderabad, Industrial Finance Branch, Topaz Building, Amruth Hills, Punjagutta, Hyderabad – 500082, Andhra Pradesh, India

Facilities :

(Rs. In Millions)

Secured Loan	31.03.2010	31.03.2009
(A) From the Government of India: (Secured by a first charge in favour of Government of India created by equitable mortgage on the entire immovable assets of the Company, except 300 Acres of freehold land required for employee welfare, and guaranteed by Government of A.P., as per the Tripartite agreement dated 19.10.2004) Funded interest(Moratorium up to 31.03.2007)	4643.366	5306.704
(B) From Banks:
1. Cash Credit From Banks (Secured by first charge in favour of participating banks ranking pari-passu on the stocks and receivable and other Current Assets)	0.000	540.849
2. Short Term Demand Loan From Bank (Secured by pledge of Rs. Nil (previous year Rs. 800.000 millions SBH term deposits)	0.000	340.653
Total	4643.366	6188.206

Banking Relations :	--
Financial Institution :	Power Finance Corporation Limited, 'Urjanidhi', 1, Barakhamba Lane, Connaught Place, New Delhi - 110001, India
Auditors :
Name :	M. Anandam and Company Chartered Accountant
Address :	7A, Surya Towers, S. P. Road, Secunderabad – 500 003, Andhra Pradesh, India.
Tel. No.:	91-40-27812377/27812034
Fax No.:	91-40-27812091
Website :	www.anandam.in
Pan No:	AACFM8791J
Associates/Subsidiaries :	Andhra Pradesh Heavy Machinery and Engineering Limited CIN No.: U29219AP1976SGC002071
Joint Venture	NTPC – SCCL Global Ventures Private Limited

CAPITAL STRUCTURE

As on: 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
1800000000	Equity Shares	Rs.10/- each	Rs.18000.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1733198119	Equity Shares	Rs.10/- each	Rs.17331.981 millions

(Includes 632145 equity shares of Rs. 10/- each allotted as bonus shares by capitalization of general and capital 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		17331.981	17331.981	17331.981
2] Reserve for future overburden removal		5886.404	4173.454	1578.238
3] Reserves & Surplus		8913.553	7041.863	6119.075
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		32131.938	28547.298	25029.294
LOAN FUNDS
1] Secured Loans		4643.366	6188.206	8627.074
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		4643.366	6188.206	8627.074
DEFERRED TAX LIABILITIES		0.000	0.000	968.918
TOTAL		36775.304	34735.504	34625.286
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		32780.221	27244.396	23801.038
Capital work-in-progress		3745.269	3468.261	3121.198
INVESTMENT		194.176	194.201	194.201
DEFERREX TAX ASSETS		4435.058	1097.624	0.000
Advance action for overburden removal		4917.426	3230.348	2403.066
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	3483.146	2613.935	2402.109
	Sundry Debtors	2992.589	2687.422	1653.393
	Cash & Bank Balances	15699.780	16065.166	15500.547
	Other Current Assets	518.846	581.531	278.478
	Loans & Advances	11357.970	8014.819	5241.166
Total Current Assets		34052.331	29962.873	25075.693
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	6733.369	11727.944	9157.261
	Other Current Liabilities	9293.992	7495.283	6349.625
	Provisions	27321.816	11238.972	6288.285
Total Current Liabilities		43349.177	30462.199	21795.171
Net Current Assets		(9296.846)	(499.326)	3280.522
MISCELLANEOUS EXPENSES		0.000	0.000	1825.261
TOTAL		36775.304	34735.504	34625.286

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	68538.355	55003.999	44996.792
		Other Income	5502.814	4863.850	4034.661
		TOTAL (A)	74041.169	59867.849	49031.453
Less	EXPENSES
		Employees Remuneration and other benefits	25373.823	23996.171	20250.459
		Consumption of Stores & Spares	15234.490	11634.739	9565.749
		Power & Fuel	2264.255	2207.005	2090.556
		Transportation Charges	1599.147	1206.679	1049.659
		Repairs & Maintenance	1623.017	1657.053	1139.920
		Social Amenities	2035.592	1563.180	1414.065
		Prior Period Adjustments	47.845	(16.083)	2.294
		Increase/decrease in stock	(824.340)	(11.441)	691.409
		Other Expenses	19637.517	12427.319	7408.641
		TOTAL (B)	66991.346	54664.622	43612.752
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		7049.823	5203.227	5418.701
Less	FINANCIAL EXPENSES (D)		121.139	211.947	87.692
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		6928.684	4991.280	5331.009
Less/ Add	DEPRECIATION/ AMORTISATION (F)		3009.337	2491.964	2432.126
	PROFIT BEFORE TAX (E-F) (G)		3919.347	2499.316	2898.883
Less	TAX (H)		1239.233	1170.977	1137.180
	PROFIT AFTER TAX (G-H) (I)		2680.114	1328.339	1761.703
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1437.838	1515.050	1158.898
Less	APPROPRIATIONS
		Transfer to General Reserve	1000.000	1000.000	1000.000
		Proposed Dividend	693.279	346.640	346.640
		Corporate Dividend Tax	115.145	58.911	58.911
	BALANCE CARRIED TO THE B/S		2309.528	1437.838	1515.050
	IMPORTS
		Stores & Spares	781.315	533.052
		Capital Goods	544.291	452.866
	TOTAL IMPORTS		1325.606	985.918	NA
	Earnings Per Share (Rs.)		1.55	0.77	1.02

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	3.62	2.22	3.59
Net Profit Margin (PBT/Sales)	(%)	5.72	4.54	6.44
Return on Total Assets (PBT/Total Assets}	(%)	5.86	4.37	5.93
Return on Investment (ROI) (PBT/Networth)		0.12	0.09	0.12
Debt Equity Ratio (Total Liability/Networth)		1.49	1.28	1.22
Current Ratio (Current Asset/Current Liability)		0.79	0.98	1.20

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	No
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	No
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

HISTORY:

In the year 1871, Dr. King of the Geological Survey of India discovered coal near the village of Yellandu in Khammam district and one of the important coal seams bore his name. The Hyderabad (Deccan) Company Limited incorporated in England acquired mining rights in 1886 to exploit coal found in Yellandu area. The present Company was incorporated on 23rd December 1920 under the Hyderabad Companies Act as a public limited company with the name 'The Singareni Collieries Company Limited' (SCCL). It acquired all the assets and liabilities of the Hyderabad (Deccan) Company Limited Best and Company acted as Secretaries and Selling Agents. The State of Hyderabad purchased majority shares of the Company in 1945. From 1945 to 1949, the Hyderabad Construction Company Limited, was acting as Managing Agent. In 1949 this function was entrusted to Industrial Trust Fund by the then Government of Hyderabad. The controlling interest of the Company devolved on the Government of Andhra Pradesh in 1956 pursuant to the reorganization of States. Thus, the SCCL became a Government Company under the Companies Act in 1956.

Large-scale expansion of SCCL was undertaken during the initial Five-year plans. In 1960 the Govt. of India started its participation in the equity of the Company and also started extending loan assistance. Thus since March 1960 it has been jointly owned by the Government of Andhra Pradesh and the Govt. of India. In 1974 the Government of India transferred its share capital to the Coal Mines Authority Limited. The manner of extending financial assistance for expansion of SCCL by the Govt. of A.P., and the Govt. of India during V plan period was agreed upon in the Four party Agreement executed on 10th June 1974. Subsequently, the Govt. of India decided to control its equity directly in SCCL. Accordingly, agreement was concluded on 13th December 1977. The SCCL, the Government of A.P., the Government of India and Coal India Limited were parties to the agreement. These two agreements are popularly called quadripartite agreements.

For financial and other assistance during VI, VII, VIII, IX and X Plan periods, separate agreements were executed on 31.03.1985, 10.02.1989, 24.09.1994, 11.01.2002 ,19.10.2004 and 11.06.2010 between the Government of India, the Government of Andhra Pradesh and SCCL. These agreements are called tripartite agreements.

The Company's accredited function is to explore and exploit the coal deposits in the Godavari valley coalfield, which is the only repository of coal in South India. Mining activities of SCCL are presently spread over four districts of Andhra Pradesh Viz. Adilabad, Karimnagar, Khammam and Warangal.

The studies of Geological Survey of India attribute as much as 22016 million tonnes of coal reserves in the Godavari valley coalfield. The inventory covers up to a depth of 1200 metres and it includes reserves proved, indicated as well as inferred.

The coal extracted by SCCL in the Godavari valley coalfield up to the year 2009-10 was about 929.12 million tonnes.

HIGHLIGHTS OF PERFORMANCE:

During 2009-10 the Company has;

• surpassed the targets and achieved highest ever production and productivity by registering record growth rate of 13% over previous year
• achieved highest ever dispatches and sales by registering growth rate of 11% and 22% respectively;
• achieved capacity utilisation of 106%
• achieved lowest specific energy consumption in terms of KWh per tonne of coal since 1973-74

The progress achieved by the Company can be seen from the following table;

Performance parameters	2009-10	2008-09	% variance over 2008-09
Production (in million tonnes)	50.42	44.55	13.20
Despatches (in million tonnes)	49.37	44.52	10.89
Gross sales (Rs. in millions)	78254.800	6396.09	22.35
Productivity (Output per manshift in tonnes)	2.73	2.42	12.81
Capacity utilisation (Coal) (Percentage)	106	96	10.42

PRODUCTION PERFORMANCE:

Production from opencast and underground mines

The Company has achieved significant growth of 13% in coal production during the year over the previous year by producing 50.42 million tonnes. Open cast projects have contributed 38.45 million tonnes with a growth rate of 18% over previous year. Underground mines have contributed 11.97 million tonnes with a marginal decline by 1% over the previous year. Efforts are on to improve the overall performance of semi-mechanisation in UG mines. The technology-wise details of production achieved during the year against the targets as well as achievement in the previous year are as under;

(in millions tones)

Sl. No.	Technology	2010		2008-09 Actual	% variance over 2008-09
		Target	Actual
1.	Underground
	a) Hand section	3.17	3.02	4.05	(25.43)
	b) Machine mining:
	i. Road header	0.29	0.13	0.12	8.33
	ii. Longwall	0.90	0.90	0.77	16.88
	iii. Side Dump Loaders	4.44	4.42	4.08	8.33
	iv. Load Haul Dumpers	1.95	1.96	1.87	4.81
	v. Blasting Gallery	1.20	1.02	1.09	(6.42)
	vi. Continuous miner	0.80	0.43	0.03	1333.33
	vii. Diesel LHD	0.05	--	--	--
	viii. Scrapper	--	0.09	0.09	--
	Total machine mining	9.63	8.95	8.05	11.18
	Total underground	12.80	11.97	12.10	(1.07)
2.	Opencast	31.70	38.45	32.46	18.45
	Total	44.50	50.42	44.56	13.15

Overburden removal performance

Overburden removal of 247.05 million cubic metres was achieved in opencast projects during the year as against 184.64 million cubic metres achieved in the previous year registering a growth rate of 34%. The Company is outsourcing some portion of OB removal activity as per the laid down policy. The details of overburden removal by Company equipment and through outsourcing are as under;

(in million Cu. Mtrs.)

Particulars	2009-10		2008-09	increase over 2008-09
	Target	Actual	Actual	Absolute	Percentage
Company equipment	47.50	52.87	49.01	3.86	7.88
Outsourcing	122.50	194.18	135.63	58.55	43.17
Total	170.00	247.05	184.64	62.41	33.80

Bankers Charges Report as per Registry

Corporate identity number (CIN) or foreign company registration number of the company	U10102AP1920SGC000571
Name of the company	THE SINGARENI COLLIERIES COMPANY LIMITED
Address of the registered office or of the principal place of business in India of the company	Kothagudem Collieries, District Khammam - 507101, Andhra Pradesh, India E-mail: cssccl@rediffmail.com
This form is for	Creation of charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	Power Finance Corporation Limited, 'Urjanidhi', 1, Barakhamba Lane, Connaught Place, New Delhi - 110001, India E-mail: nd_thapliyal@pfcindia.com
Nature of instrument creating charge	Deed of hypothecation dt.11.10.2011 executed by The Singareni Collieries Company Limited in favour of Power Finance Corporation Limited by way of exclusive first charge on all the moveable assets excluding current assets as security for repayment of loan of Rs.39800.000 Millions together with interest etc.
Date of instrument Creating the charge	11.10.2011
Amount secured by the charge	Rs.39800.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest shall be at the rate as prevailing on the date of each disbursement as per the Power Finance Corporation policy. Terms of Repayment The loan shall be repaid in 48 equal quarterly installments. The first installment will become due on 15th July 2015 and the subsequent installments will become due on 15th October, 15th January, 15th April and 15th July every year. Margin Nil Extent and Operation of the charge The charge shall operate as security for due repayment of loan as per loan agreement dated 11-10-2011 created in favour of Power Finance Corporation by Singareni Collieries Company Limited by hypothecation of all the moveable assets of the borrower excluding current assets namely stocks of raw materials, semi-finished and finished goods, stores and spares not relating to plant and machinery bills receivable and book debts both present and future of the borrower.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	The whole of the moveable properties excluding current assets at the borrower's factories, premises and godowns or wherever else. Moveable plant and machinery whether installed or not or lying loose or at borrower's factories, premises and godowns or wherever else. Machinery spares, tools and accessories, spares, materials and other moveables relating to plant and machinery at borrower's factories, premises and godowns or wherever else.

AS PER WEBSITE DETAILS:

Press Release

SINGARENI COLLIERIES COMPANY LIMITED PAYS Rs.63.800 MILLIONS TO S.C.RAILWAY FOR THE BHADRACHALAM ROAD – SATTUPALLI NEW RAILWAY LINE

06-08-2012- Secunderabad

Shri Sutirtha Bhattacharya, Chairman and Managing Director, The Singareni Collieries Company Limited (SCCL) called on Shri G N Asthana, General Manager, South Central Railway (SCR) at Rail Nilayam today i.e. 6th August 2012 and presented a cheque to SCR for Rs. 63.800 Millions towards conducting the final location survey for the Bhadrachalam Road – Sattupalli New Railway Line.

The Bhadrachalam Road – Sattupalli New Railway Line is an important Project mainly planned to facilitate smooth movement of coal from Singareni Colleries.

The Brief Highlights of the Project are as under:

·SCCL is having three Open Cast Projects in Sattupalli Area – Jalagam Vengala Rao (JVR) Open Cast-I, JVR Open Cast-II and Kistaram Open Cast Project. The expected production from these three mines is about 6 Million Tonnes per annum.

·The distance between JVR OCP and nearest SCCL Coal Handling Plant (Rudrampur) is about
55 Kms. It is not possible to transport 6 Million Tonnes of coal to the nearest rail head by road.

·Moreover, the Ministry of Environment and Forests has put a special condition that
“No Coal Transportation shall be undertaken by Road” from JVR OCP-II.

·Hence, this railway line is essential for movement of coal produced from JVR Group of mines.

·Due to change of policy in laying railway lines, Railways requested SCCL to bear the entire cost of the Project except land and transfer the same to Railways at no cost.

·The Project was sanctioned by Railways in 2010-11 at an estimated cost of Rs.3375.000 Millions.

Salient Features of the Bhadrachalam Road – Sattupalli New Railway Line:

Length of the Railway Line : 56.25 Kms Electrified

Estimated Cost: Rs.3375.000 Millions

Cost of land to be borne by Railways: Rs.190.400 Millions

Cost of infrastructure to be borne by SCCL: Rs.3186.400 Millions

Approximate quantity of Coal to be transported per annum:6 Million Tonnes (for 25 years)

SINGARENI CMD NARSING RAO TO TAKE OVER AS COAL INDIA CHIEF

April 4, 2012

NEW DELHI: Chairman and Managing Director of Singareni Collieries Company (SCCL) S S Narsing is likely to occupy the top post of world's largest coal producer Coal India within a week.

"Rao is likely to take the charge of Coal India CMD in a week's time. His appointment letter has been issued by the Coal Ministry today," a top official in the Coal Ministry said.

The new chief will take over at a time when the mining monolith is battling problems including delays in regulatory clearances to enhance production, inability to meet growing demand from power sector and concerns by investors that it lacked leadership.

The top post has been lying vacant after former CMD Partha S Bhattacharyya retired on February 28, 2011. Soon after his retirement, the government had given additional charge of CMD to N C Jha, director technical.

After Jha's retirement on January 31, 2012, the charge was given to Zohra Chatterji, Additional Secretary, Coal Ministry.

The Coal Ministry official said that the Appointment Committee of the Cabinet (ACC) has recently approved appointment of Rao for the top post.

The Coal Ministry had sent the proposal for approval to ACC last month.

The Public Enterprises Selection Board (PESB) had earlier recommended the name of Rao, a 1986-batch IAS officer of Andhra Pradesh Cadre and heading state-owned SCCL since 2006, to lead the PSU.

The search-cum-selection committee of PESB had interviewed 19 aspirants including heads of a clutch of state-run firms and CIL's Director (Personnel) R Mohan Das.

Concerned over the working of the CIL, the London-based The Children's Investment Fund Management, in a letter to Coal Ministry earlier this month had accused the management of the Maharatna firm of harming the public sector undertaking.

Attacking the CIL management for poor performance of the company, the fund had said, it "lacked the necessary leadership..." and demanded that the board and management to be swiftly changed."

Coal India accounts for over 80 per cent of the domestic production and produced 435.84 million tonnes of coal in the just-concluded fiscal against a revised output target of 447 MT.

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 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.54.08
UK Pound	1	Rs.86.69
Euro	1	Rs.69.37

INFORMATION DETAILS

Report Prepared by :

VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		52

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.