MIRA INFORM REPORT

Report Date :

10.11.2012

IDENTIFICATION DETAILS

Name :	JAIPRAKASH ASSOCIATES LIMITED (w.e.f. 11.03.2004)
Formerly known as:	JAYPEE CEMENT LIMITED
Registered Office :	Sector – 128, Noida – 201304, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.11.1995
Com. Reg. No.:	20-19017
Capital Investment/ Paid-up Capital :	Rs.4252.900 Millions
CIN No.: [Company Identification No.]	L14106UP1995PLC019017
TAN No.: [Tax Deduction & Collection Account No.]	LKNJ05124A
PAN No.: [Permanent Account No.]	APPLIEDFOR
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturing, Importing and Exporting of Portland Cement and Clinker Cement.
No. of Employees :	20000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (64)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums.	Fairly Large

Maximum Credit Limit :	USD 376000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and a reputed company of Jaypee group. Financial position of the company appears to be sound. Directors are reported to be an experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – 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

EXTERNAL AGENCY RATING

ICRA Rating as on March, 2012. ICRA rating is suspended due to lack of information.

RBI DEFAILTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAILTERS’ 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 :	Sector – 128, Noida – 201304, Uttar Pradesh, India
Tel No.:	91-120-4609000/ 2470800
Fax No.:	91-120-4609464/ 4609496
E-Mail :	jal.investor@jalindia.co.in sectl.dept@jalindia.co.in
Website :	http://www.jilindia.com
Corporate Office :	Jai Annexe House, 63, Basant Lok, Vasant Vihar, New Delhi – 110057, India
Tel. No.:	91-11-26411540/ 26147411/ 26149444/ 26141540
Fax No.:	91-11-26145389/ 26148890/ 26143591
E-Mail :	rajiv.srivastava@jil.co.in
Head Office :	G-Block, Surajpur Kasna Road, Grater Noida, Noida – 201306, Uttar Pradesh, India
Factory 1 :	Bela, Sadva Khurd, District Allahabad, Uttar Pradesh, India
Factory 2 :	Naubastae, Tanda, District Faizabad, Uttar Pradesh, India
Regional Office:	45/21, Jaypee Rewa Bhawan Muir Road, Near Traffic Police Crossing, Allahabad – 211002, Uttar Pradesh, India
Tel No.:	91-532-2266002/ 3/ 4

DIRECTORS

(AS ON 31.03.2011)

Name :

Mr. Jaiprakash Gaur

Designation :

Founder Chairman

Name :

Mr. Sarat Kumar Jain

Designation :

Vice Chairman

Address :

B1/12, Vasant Vihar, New Delhi – 110057, India

Date of Birth :

19.05.1938

Date of Appointment :

18.03.2004

Election Commission Identify Card No.:

DL02010243649

DIN No.:

00010073

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	U74899DL1989PTC038500	ESSJAY ENTERPRISES PRIVATE LIMITED	Director	17/01/1992	17/01/1992	-	Active	NO
2	L40101HP1994PLC015483	JAIPRAKASH POWER VENTURES LIMITED	Director	21/12/1994	21/12/1994	09/08/2011	Active	NO
3	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	18/03/2004	18/03/2004	-	Active	NO
4	U74210DL1992PTC048726	JAYPEE VENTURES PRIVATE LIMITED	Director	10/08/2007	31/03/2007	-	Amalgamated	NO
5	U93000UP2008PLC034861	JAYPEE GANGA INFRASTRUCTURE CORPORATION LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
6	U74140DL2011ULT216778	JAYPEE INFRA VENTURES (A PRIVATE COMPANY WITH UNLIMITED LIABILITY)	Whole-time director	01/12/2011	01/12/2011	-	Active	NO

Name :

Mr. Manoj Gaur

Designation :

Managing Director

Address :

A9/27, Vasant Vihar, New Delhi – 110057, India

Date of Birth :

16.06.1964

Date of Appointment :

01.04.2011

DIN No.:

00008480

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	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Managing director	01/04/2011	31/03/1997	-	Active	NO
2	U45201DL1997PTC088061	MANUMANIK ESTATES PRIVATE LIMITED	Director	20/06/1997	20/06/1997	-	Amalgamated	NO
3	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	03/07/2009	01/11/1997	-	Amalgamated	NO
4	U72200DL2000PLC120604	JIL INFORMATION TECHNOLOGY LIMITED	Director	10/05/2000	10/05/2000	25/03/2008	Active	NO
5	L24121UP1978PLC008027	JAIPRAKASH ENTERPRISES LIMITED	Director	01/02/2001	01/02/2001	-	Amalgamated	NO
6	U74210DL1992PTC048726	JAYPEE VENTURES PRIVATE LIMITED	Director	27/04/2001	27/04/2001	-	Amalgamated	NO
7	U40101HP2002PLC025095	JAYPEE KARCHAM HYDRO CORPORATION LIMITED	Director	29/04/2002	29/04/2002	20/10/2010	Amalgamated	NO
8	U74899DL1992PLC051515	GAUR AND NAGI LIMITED	Director	15/05/2002	15/05/2002	23/04/2007	Active	NO
9	L40101HP1994PLC015483	JAIPRAKASH POWER VENTURES LIMITED	Director	10/12/2002	10/12/2002	-	Active	NO
10	U26941UP2004PLC029175	JAYPEE CEMENT LIMITED	Director	19/10/2004	19/10/2004	22/03/2008	Amalgamated	NO
11	L45202UP1980PLC024224	JAYPEE HOTELS LIMITED	Director	26/12/2005	26/12/2005	24/04/2009	Amalgamated	NO
12	U40101JK2006PLC002608	JAIPRAKASH KASHMIR ENERGY LIMITED	Director	24/01/2006	24/01/2006	01/08/2007	Active	NO
13	U01010MP2006SGC018423	MADHYA PRADESH JAYPEE MINERALS LIMITED	Director	21/02/2006	21/02/2006	-	Active	NO
14	U26940UP1992PLC036482	GUJARAT ANJAN CEMENT LIMITED	Director	06/03/2006	06/03/2006	-	Amalgamated	NO
15	U40101DL2006PLC154627	JAYPEE POWERGRID LIMITED	Director	05/10/2006	05/10/2006	20/11/2009	Active	NO
16	L45203UP2007PLC033119	JAYPEE INFRATECH LIMITED	Managing director	07/05/2011	05/04/2007	-	Active	NO
17	U26940CT2007PLC020250	BHILAI JAYPEE CEMENT LIMITED	Director	09/05/2010	11/04/2007	06/12/2010	Active	NO
18	U45400HR2007PLC036891	HIMALYAN EXPRESSWAY LIMITED	Director	25/05/2007	25/05/2007	24/04/2008	Active	NO
19	U45400DL2007PTC165438	AVNI HOUSING PRIVATE LIMITED	Director	02/07/2007	02/07/2007	-	Strike off	NO
20	U26943GJ2007PLC051360	GUJARAT JAYPEE CEMENT & INFRASTRUCTURE LIMITED.	Director	27/12/2007	20/07/2007	-	Active	NO
21	U74900UP2007PLC034078	JAYPEE SPORTS INTERNATIONAL LIMITED	Director	20/10/2007	20/10/2007	-	Active	NO
22	U74140DL2007PLC171094	JAYPEE DEVELOPMENT CORPORATION LIMITED	Director	05/12/2007	05/12/2007	14/12/2007	Active	NO
23	U93000UP2008PLC034861	JAYPEE GANGA INFRASTRUCTURE CORPORATION LIMITED	Director	30/07/2009	19/03/2008	-	Active	NO
24	U74999DL2008PTC176874	JAYPEE INTERNATIONAL LOGISTICS COMPANY PRIVATE LIMITED	Director	17/04/2008	17/04/2008	25/11/2009	Active	NO
25	U01122DL2008PLC176916	JAIPRAKASH AGRI INITIATIVES COMPANY LIMITED	Director	27/09/2011	17/04/2008	-	Active	NO
26	U40105DL2008PLC177067	JAYPEE ARUNACHAL POWER LIMITED	Director	23/04/2008	23/04/2008	10/08/2009	Active	NO
27	U72900DL2008PLC178240	JAYPEE SPA INFOCOM LIMITED	Director	16/05/2008	16/05/2008	22/07/2009	Active	YES
28	U55101UP2009PLC036962	JAYPEE HOTELS LIMITED.	Director	12/03/2009	12/03/2009	22/07/2009	Active	NO
29	U99999HP1994PLC031518	BINA POWER SUPPLY COMPANY LIMITED	Director	27/07/2009	01/07/2009	20/10/2010	Amalgamated	NO
30	U10200MP2009SGC021909	MP JAYPEE COAL LIMITED	Director	14/09/2010	07/07/2009	-	Active	NO
31	U40101UP2007SGC032835	PRAYAGRAJ POWER GENERATION COMPANY LIMITED	Director	19/08/2009	23/07/2009	-	Active	NO
32	U40102UP2007SGC032843	SANGAM POWER GENERATION COMPANY LIMITED	Director	19/08/2009	23/07/2009	08/02/2012	Active	NO
33	U74999UP1996PLC045701	JAYPEE CEMENT CORPORATION LIMITED	Director	14/07/2011	17/04/2010	-	Active	NO
34	U24233UP2010PLC040828	KANPUR FERTILIZERS & CEMENT LIMITED	Director	31/05/2010	31/05/2010	-	Active	NO
35	U74140DL2011ULT216778	JAYPEE INFRA VENTURES (A PRIVATE COMPANY WITH UNLIMITED LIABILITY)	Director	30/03/2011	30/03/2011	-	Active	NO
36	U26960UP2011PLC046390	JAYPEE ASSAM CEMENT LIMITED	Director	30/08/2011	30/08/2011	-	Active	NO
37	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director appointed in casual vacancy	10/02/2012	10/02/2012	-	Active	NO
38	U80904UP2012NPL050961	JAYPEE JAN SEWA SANSTHAN	Director	12/06/2012	12/06/2012	-	Active	NO

Name :

Mr. Sunil Kumar Sharma

Designation :

Whole Time director

Address :

E9/14, Vasant Vihar, New Delhi – 110057, India

Date of Birth :

01.07.1959

Date of Appointment :

18.03.2009

Election Commission Identify Card No.:

DL02010249931

DIN No.:

0008125

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	U45201DL1997PTC088062	SUNEHA ESTATES PRIVATE LIMITED	Director	20/06/1997	20/06/1997	-	Amalgamated	NO
2	L40101HP1994PLC015483	JAIPRAKASH POWER VENTURES LIMITED	Director	27/12/1997	27/12/1997	-	Active	NO
3	U74210DL1992PTC048726	JAYPEE VENTURES PRIVATE LIMITED	Director	31/01/2001	31/01/2001	-	Amalgamated	NO
4	U40101HP2002PLC025095	JAYPEE KARCHAM HYDRO CORPORATION LIMITED	Director	29/04/2002	29/04/2002	-	Amalgamated	NO
5	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Whole-time director	18/03/2009	18/03/2004	-	Active	NO
6	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	29/06/2004	29/06/2004	-	Amalgamated	NO
7	U26941UP2004PLC029175	JAYPEE CEMENT LIMITED	Director	19/10/2004	19/10/2004	-	Amalgamated	NO
8	L45202UP1980PLC024224	JAYPEE HOTELS LIMITED	Director	22/07/2008	26/12/2005	-	Amalgamated	NO
9	U01010MP2006SGC018423	MADHYA PRADESH JAYPEE MINERALS LIMITED	Director	21/02/2006	21/02/2006	20/10/2010	Active	NO
10	U40101DL2006PLC154627	JAYPEE POWERGRID LIMITED	Director	05/10/2006	05/10/2006	-	Active	NO
11	L45203UP2007PLC033119	JAYPEE INFRATECH LIMITED	Director	05/04/2007	05/04/2007	-	Active	NO
12	U45400HR2007PLC036891	HIMALYAN EXPRESSWAY LIMITED	Director	25/05/2007	25/05/2007	-	Active	NO
13	U74140DL2007PLC171094	JAYPEE DEVELOPMENT CORPORATION LIMITED	Director	05/12/2007	05/12/2007	14/12/2007	Active	NO
14	U93000UP2008PLC034861	JAYPEE GANGA INFRASTRUCTURE CORPORATION LIMITED	Director	18/03/2008	18/03/2008	20/10/2010	Active	NO
15	U01122DL2008PLC176916	JAIPRAKASH AGRI INITIATIVES COMPANY LIMITED	Director	17/04/2008	17/04/2008	24/07/2010	Active	NO
16	U74999DL2008PTC176874	JAYPEE INTERNATIONAL LOGISTICS COMPANY PRIVATE LIMITED	Director	17/04/2008	17/04/2008	-	Active	NO
17	U40105DL2008PLC177067	JAYPEE ARUNACHAL POWER LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
18	U72900DL2008PLC178240	JAYPEE SPA INFOCOM LIMITED	Director	16/05/2008	16/05/2008	03/01/2011	Active	YES
19	U74900UP2007PLC034078	JAYPEE SPORTS INTERNATIONAL LIMITED	Director	18/04/2009	19/05/2008	-	Active	NO
20	U55101UP2009PLC036962	JAYPEE HOTELS LIMITED.	Director	12/03/2009	12/03/2009	-	Active	NO
21	U40102UP2007SGC032843	SANGAM POWER GENERATION COMPANY LIMITED	Director	19/08/2009	23/07/2009	-	Active	NO
22	U40101UP2007SGC032835	PRAYAGRAJ POWER GENERATION COMPANY LIMITED	Director	19/08/2009	23/07/2009	-	Active	NO
23	U24233UP2010PLC040882	JAYPEE FERTILIZERS & INDUSTRIES LIMITED	Director	03/06/2010	03/06/2010	-	Active	NO
24	U74140DL2011ULT216778	JAYPEE INFRA VENTURES (A PRIVATE COMPANY WITH UNLIMITED LIABILITY)	Director	30/03/2011	30/03/2011	-	Active	NO
25	U80904UP2012NPL050961	JAYPEE JAN SEWA SANSTHAN	Additional director	14/06/2012	14/06/2012	-	Active	NO

Name :

Mr. Ashok Kumar Sahoo

Designation :

Director (LIC Nominee)

Address :

Life Insurance Corporation Of India, Jeevan Bhagya, Opposite Secretari at Saifabad, Hyderabad – 500063, Andhra Pradesh, India

Date of Birth :

15.03.1954

Date of Appointment :

01.03.2007

DIN No.:

01489592

Name :

Mr. Sunny Gaur

Designation :

Whole-time director

Address :

A9/27, Vasant Vihar, New Delhi – 110057, India

Date of Birth :

30.05.1969

Date of Appointment :

31.12.2009

DIN No.:

00008293

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	U70101DL1997PTC087978	SUNVIN ESTATES PRIVATE LIMITED	Director	16/06/1997	16/06/1997	-	Amalgamated	NO
2	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Whole-time director	31/12/2009	16/01/1998	-	Active	NO
3	U74210DL1992PTC048726	JAYPEE VENTURES Private LIMITED	Director	27/12/2005	27/12/2005	-	Amalgamated	NO
4	U26941UP2004PLC029175	JAYPEE CEMENT LIMITED	Director	29/12/2005	29/12/2005	-	Amalgamated	NO
5	U01010MP2006SGC018423	MADHYA PRADESH JAYPEE MINERALS LIMITED	Managing director	10/04/2011	21/02/2006	-	Active	NO
6	U26940CT2007PLC020250	BHILAI JAYPEE CEMENT LIMITED	Director	15/12/2010	11/04/2007	-	Active	NO
7	U70200DL2007PTC165875	AVNI INFRA DEVELOPERS PRIVATE LIMITED	Director	16/07/2007	16/07/2007	-	Strike off	NO
8	U45209DL2008PLC175321	BOKARO JAYPEE CEMENT LIMITED	Director	20/12/2010	13/03/2008	-	Active	NO
9	U93000UP2008PLC034861	JAYPEE GANGA INFRASTRUCTURE CORPORATION LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
10	U99999HP1994PLC031518	BINA POWER SUPPLY COMPANY LIMITED	Director	29/08/2008	15/05/2008	-	Amalgamated	NO
11	U10200MP2009SGC021909	MP JAYPEE COAL LIMITED	Director	14/05/2009	14/05/2009	-	Active	NO
12	U40101UP2007SGC032835	PRAYAGRAJ POWER GENERATION COMPANY LIMITED	Director	19/08/2009	23/07/2009	-	Active	NO
13	U55101UP2008PTC050056	TIGER HILLS HOLIDAY RESORT PRIVATE LIMITED	Director	27/10/2009	27/10/2009	24/09/2010	Active	NO
14	U70200UP2009PLC038670	JAYPEE AGRA VIKAS LIMITED	Director	16/11/2009	16/11/2009	-	Active	NO
15	U10100MP2010SGC022879	MP JAYPEE COAL FIELDS LIMITED	Director	04/01/2010	04/01/2010	-	Active	NO
16	U14220UP2010PTC040063	JAYPEE MINING VENTURE PRIVATE LIMITED	Director	31/03/2010	31/03/2010	-	Active	NO
17	U01122DL2008PLC176916	JAIPRAKASH AGRI INITIATIVES COMPANY LIMITED	Director	30/09/2010	26/06/2010	-	Active	NO
18	U74140DL2011ULT216778	JAYPEE INFRA VENTURES (A PRIVATE COMPANY WITH UNLIMITED LIABILITY)	Director	30/03/2011	30/03/2011	-	Active	NO
19	U45202MH2009PTC195072	SHEL INVESTMENTS CONSULTANCY PRIVATE LIMITED	Director	21/04/2011	21/04/2011	23/09/2011	Active	NO
20	U40109MH2008PTC178611	SUNIL HITECH ENERGY PRIVATE LIMITED	Director	21/04/2011	21/04/2011	23/09/2011	Active	NO
21	U62200DL2011PLC222727	HIMALYAPUTRA AVIATION LIMITED	Director	23/07/2011	23/07/2011	-	Active	NO
22	U26960UP2011PLC046390	JAYPEE ASSAM CEMENT LIMITED	Director	30/08/2011	30/08/2011	-	Active	NO
23	U80904UP2012NPL050961	JAYPEE JAN SEWA SANSTHAN	Additional director	14/06/2012	14/06/2012	-	Active	NO

Name :

Mr. Ranvijay Singh

Designation :

Whole-time Director

Address :

E2/11, Vasant Vihar, New Delhi – 110057, India

Date of Birth :

19.10.1966

Date of Appointment :

14.12.2007

DIN No.:

00020876

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	U74899DL1988PTC033654	SRMB DAIRY FARMINGS PRIVATE LIMITED	Director	04/04/1990	04/04/1990	14/01/2008	Active	NO
2	U26941UP2004PLC029175	JAYPEE CEMENT LIMITED	Director	29/12/2005	29/12/2005	01/07/2008	Amalgamated	NO
3	U26940UP1992PLC036482	GUJARAT ANJAN CEMENT LIMITED	Whole-time director	01/10/2007	26/12/2006	-	Amalgamated	NO
4	U26943GJ2007PLC051360	GUJARAT JAYPEE CEMENT & INFRASTRUCTURE LIMITED.	Director	20/07/2007	20/07/2007	-	Active	NO
5	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Whole-time director	14/12/2007	14/12/2007	-	Active	NO
6	U10100MP2010SGC022879	MP JAYPEE COAL FIELDS LIMITED	Director	04/01/2010	04/01/2010	-	Active	NO

Name :

Mr. Rahul Kumar

Designation :

Whole-time Director

Address :

B-67. Sarvodaya Enclave, New Delhi – 110017, India

Date of Birth :

23.02.1968

Date of Appointment :

31.10.2010

DIN No.:

00020779

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	U74210DL1992PTC048726	JAYPEE VENTURES PRIVATE LIMITED	Director	06/08/1999	06/08/1999	24/06/2009	Amalgamated	NO
2	U26941UP2004PLC029175	JAYPEE CEMENT LIMITED	Director	29/12/2005	29/12/2005	-	Amalgamated	NO
3	U26940CT2007PLC020250	BHILAI JAYPEE CEMENT LIMITED	Managing director	09/05/2010	11/04/2007	-	Active	NO
4	U15543UP2002PTC026621	SONEBHADRA MINERALS PRIVATE LIMITED	Director	21/05/2007	21/05/2007	-	Active	NO
5	U14104MP2001PTC014705	RPJ MINERALS PRIVATE LIMITED	Director	21/05/2007	21/05/2007	-	Active	NO
6	U26943GJ2007PLC051360	GUJARAT JAYPEE CEMENT & INFRASTRUCTURE LIMITED.	Managing director	31/07/2007	20/07/2007	-	Active	NO
7	U74140DL2007PLC171094	JAYPEE DEVELOPMENT CORPORATION LIMITED	Director	27/08/2008	14/12/2007	16/02/2011	Active	NO
8	U45209DL2008PLC175321	BOKARO JAYPEE CEMENT LIMITED	Director	13/03/2008	13/03/2008	-	Active	NO
9	U14100MP2008PTC020463	SARVESHWARI STONE PRODUCTS PRIVATE LIMITED	Director	18/09/2010	23/10/2009	-	Active	NO
10	U26943RJ2007PLC024099	ROCK SOLID CEMENT LIMITED	Director	09/09/2010	08/03/2010	-	Active	NO
11	U24233UP2010PLC040882	JAYPEE FERTILIZERS & INDUSTRIES LIMITED	Director	03/06/2010	03/06/2010	-	Active	NO
12	U01122DL2008PLC176916	JAIPRAKASH AGRI INITIATIVES COMPANY LIMITED	Director	30/09/2010	26/06/2010	-	Active	NO
13	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Whole-time director	31/10/2010	31/10/2010	-	Active	NO
14	U26960UP2011PLC046390	JAYPEE ASSAM CEMENT LIMITED	Director	30/08/2011	30/08/2011	-	Active	NO
15	U74999UP1996PLC045701	JAYPEE CEMENT CORPORATION LIMITED	Additional director	21/04/2012	21/04/2012	-	Active	NO

Name :

Mr. Pankaj Gaur

Designation :

Whole-time director

Address :

A1/7, Vasant Vihar, New Delhi – 110057, India

Date of Birth :

18.01.1971

Date of Appointment :

01.07.2009

DIN No.:

00008419

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	U45201DL1997PTC088059	PEE GEE ESTATES PRIVATE LIMITED	Director	20/06/1997	20/06/1997	Amalgamated	NO
2	U74210DL1992PTC048726	JAYPEE VENTURES Private LIMITED	Director	31/01/2001	31/01/2001	Amalgamated	NO
3	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Whole-time director	01/07/2009	30/06/2004	Active	NO
4	U40105DL2008PLC177067	JAYPEE ARUNACHAL POWER LIMITED	Managing director	01/09/2010	23/04/2008	Active	NO
5	U26941UP2004PLC029175	JAYPEE CEMENT LIMITED	Director	12/09/2008	01/07/2008	Amalgamated	NO
6	U40102UP2007SGC032843	SANGAM POWER GENERATION COMPANY LIMITED	Director	19/08/2009	23/07/2009	Active	NO
7	U74999UP1996PLC045701	JAYPEE CEMENT CORPORATION LIMITED	Director	14/07/2011	17/04/2010	Active	NO
8	U74999DL2010PLC207575	JAYPEE MEGHALAYA POWER LIMITED	Director	26/08/2010	26/08/2010	Active	NO
9	U26960UP2011PLC046390	JAYPEE ASSAM CEMENT LIMITED	Director	30/08/2011	30/08/2011	Active	NO
10	U74140DL2011ULT216778	JAYPEE INFRA VENTURES (A PRIVATE COMPANY WITH UNLIMITED LIABILITY)	Additional director	01/12/2011	01/12/2011	Active	NO
11	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director appointed in casual vacancy	10/02/2012	10/02/2012	Active	NO
12	U80904UP2012NPL050961	JAYPEE JAN SEWA SANSTHAN	Additional director	14/06/2012	14/06/2012	Active	NO

Name :

Mr. Shyam Dutt Nailwal

Designation :

Whole-time Director

Address :

75, Shreshta Vihar, Delhi – 110092, India

Date of Birth/ Age :

03.08.1947

Date of Appointment :

01.07.2009

Election Commission Identify Card No.:

DL04043234072

DIN No.:

00008529

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	U74899DL1988PTC031111	RAKESH FOODS PRIVATE LIMITED	Director	07/08/1991	07/08/1991	-	Strike off	NO
2	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Whole-time director	01/07/2009	30/06/2004	-	Active	NO
3	L40101HP1994PLC015483	JAIPRAKASH POWER VENTURES LIMITED	Director	25/09/2004	25/09/2004	11/01/2010	Active	NO
4	U40105DL2008PLC177067	JAYPEE ARUNACHAL POWER LIMITED	Director	23/07/2009	01/07/2009	-	Active	NO
5	U24233UP2010PTC040827	JAYPEE UTTAR BHARAT VIKAS PRIVATE LIMITED	Director	31/05/2010	31/05/2010	-	Active	NO
6	U24233UP2010PLC040882	JAYPEE FERTILIZERS & INDUSTRIES LIMITED	Director	03/06/2010	03/06/2010	-	Active	NO
7	U74999DL2010PLC207575	JAYPEE MEGHALAYA POWER LIMITED	Director	11/08/2011	30/10/2010	21/12/2011	Active	NO
8	U62200DL2011PLC222727	HIMALYAPUTRA AVIATION LIMITED	Director	23/07/2011	23/07/2011	-	Active	NO
9	U26960UP2011PLC046390	JAYPEE ASSAM CEMENT LIMITED	Director	30/08/2011	30/08/2011	-	Active	NO
10	U24233UP2010PLC040828	KANPUR FERTILIZERS & CEMENT LIMITED	Additional director	22/03/2012	22/03/2012	-	Active	NO

Name :

Dr. Bidhubhusan. Samal

Designation :

Director

Address :

Flat No.1101, Lokhandwala Galaxy Junction of NM Joshi and KK Marg, Near S. Bridge Byculla (West), Mumbai – 400011, Maharashtra, India

Date of Birth :

02.03.1943

Date of Appointment :

21.09.2010

DIN No.:

00007256

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	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	21/09/2010	13/05/2005	-	Active	NO
2	U66010AP2005PLC045616	SHRIRAM LIFE INSURANCE COMPANY LIMITED	Director	20/09/2006	17/12/2005	05/02/2011	Active	NO
3	L67120MH1992PLC070121	PRIME PROPERTY DEVELOPMENT CORPORATION LIMITED	Director	16/01/2006	16/01/2006	16/01/2008	Active	NO
4	L27104TN1991PLC020533	SURANA INDUSTRIES LIMITED	Director	15/05/2006	15/05/2006	-	Active	NO
5	L32109MH1994PLC083391	ZICOM ELECTRONIC SECURITY SYSTEMS LIMITED	Director	24/08/2006	29/06/2006	14/12/2010	Active	NO
6	U55101OR1995PLC004224	MAYFAIR HOTELS & RESORTS LIMITED	Director	16/07/2006	16/07/2006	-	Active	NO
7	U55101WB1999PLC088642	KARN MERCHANT BANKERS LTD	Director	01/10/2009	01/09/2006	31/10/2009	Active	NO
8	L67120WB1994PLC063008	GREENEARTH RESOURCES AND PROJECTS LIMITED	Director	26/09/2006	26/09/2006	14/01/2008	Active	NO
9	L26940MH1998PLC114307	NIRAJ CEMENT STRUCTURALS LIMITED	Director	30/09/2006	30/09/2006	24/07/2007	Active	NO
10	L65993WB1989PLC047002	MICROSEC FINANCIAL SERVICES LIMITED	Director	29/09/2008	03/11/2007	07/11/2008	Active	NO
11	L14103OR2000PLC006230	ARSS INFRASTRUCTURE PROJECTS LIMITED	Director	16/06/2008	27/11/2007	-	Active	NO
12	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	14/07/2008	08/01/2008	-	Amalgamated	NO
13	U67190MH1992PLC070247	IIT INVESTRUST LIMITED	Director	27/09/2008	05/03/2008	19/10/2011	Active	NO
14	L65990MH1933PLC001998	INDUSTRIAL INVESTMENT TRUST LIMITED	Whole-time director	24/01/2012	05/03/2008	-	Active	NO
15	L01110MH1994PLC082421	IITL PROJECTS LIMITED	Director	27/09/2008	05/08/2008	-	Active	NO
16	L74140WB1983PLC035828	RUNGTA PROJECTS LTD	Director	08/08/2008	08/08/2008	08/12/2009	Active	NO
17	U67190MH2008PTC187076	IIT INSURANCE BROKING AND RISK MANAGEMENT PRIVATE LIMITED	Director	09/09/2011	25/09/2008	-	Active	NO
18	L17120MH1993PLC073267	ASAHI INDUSTRIES LIMITED	Director	08/08/2009	20/10/2008	13/03/2010	Active	NO
19	L74999DN1987PLC000035	K-LIFESTYLE & INDUSTRIES LIMITED	Director	22/08/2009	21/10/2008	13/03/2010	Active	NO
20	U93090MH2008PLC188187	MOTILAL OSWAL TRUSTEE COMPANY LIMITED	Director	30/07/2009	08/04/2009	07/01/2010	Active	NO
21	U65921MH1994PLC173469	MONEY MATTERS FINANCIAL SERVICES LIMITED	Director	22/09/2009	21/08/2009	04/12/2010	Active	NO
22	L65910MH1986PLC165645	RELIANCE CAPITAL LTD	Director	28/09/2010	30/10/2009	-	Active	NO
23	L45203UP2007PLC033119	JAYPEE INFRATECH LIMITED	Director	21/09/2010	16/11/2009	-	Active	NO
24	U40101HP2002PLC025095	JAYPEE KARCHAM HYDRO CORPORATION LIMITED	Director appointed in casual vacancy	28/12/2009	28/12/2009	-	Amalgamated	NO
25	L65923DL2002PLC167607	VIPUL LIMITED	Director	30/09/2010	15/05/2010	-	Active	NO
26	U85110KA1995PLC017694	WORLD RESORTS LIMITED	Director	08/09/2011	02/02/2011	-	Active	NO
27	U45400DL2010PTC203755	CAPITAL INFRAPROJECTS PRIVATE LIMITED	Director	29/06/2011	04/04/2011	-	Active	NO
28	U55100PB2003PTC026650	MRG HOTELS PRIVATE LIMITED	Director	30/09/2011	11/06/2011	-	Active	NO
29	U55101OR1982PLC001092	T K INTERNATIONAL LIMITED	Additional director	07/03/2012	07/03/2012	-	Active	NO

Name :

Mr. Bal Krishna Taparia

Designation :

Director

Address :

75, Nagina Bagh, Ajmer – 305001, Rajasthan, India

Date of Birth :

27.11.1939

Date of Appointment :

27.12.2005

DIN No.:

00019760

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	L40101HP1994PLC015483	JAIPRAKASH POWER VENTURES LIMITED	Director	28/06/2004	28/06/2004	-	Active	NO
2	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	29/06/2004	29/06/2004	-	Amalgamated	NO
3	L45202UP1980PLC024224	JAYPEE HOTELS LIMITED	Director	07/03/2005	07/03/2005	-	Amalgamated	NO
4	L24121UP1978PLC008027	JAIPRAKASH ENTERPRISES LIMITED	Director	30/08/2007	27/12/2005	-	Amalgamated	NO
5	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	27/12/2005	27/12/2005	-	Active	NO
6	L45203UP2007PLC033119	JAYPEE INFRATECH LIMITED	Director	21/09/2010	16/11/2009	05/05/2012	Active	NO
7	U74140DL2007PLC171094	JAYPEE DEVELOPMENT CORPORATION LIMITED	Director	27/09/2010	20/02/2010	17/05/2012	Active	NO
8	U70101RJ2009PTC029937	BHILWARA INFRASTRUCTURE PRIVATE LIMITED	Director	12/09/2011	12/04/2011	-	Active	NO
9	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Additional director	18/05/2012	18/05/2012	-	Active	NO
10	U74899DL1992PTC049964	V AND S INTERNATIONAL PRIVATE LIMITED	Nominee director	29/06/2012	29/06/2012	-	Active	NO

Name :

Mr. Subhash Chandra Bhargava

Designation :

Director

Address :

1305-B Wing, Dosti Aster (Dosti Acres), New Uphill Link Road, Off S. M. Road, Antop Hill, Wadala (East), Mumbai – 400037, Maharashtra, India

Date of Birth :

20.07.1945

Date of Appointment :

27.12.2005

DIN No.:

00020021

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	L17199GJ1956PLC001107	ADITYA BIRLA NUVO LIMITED	Director	28/09/2011	29/04/2004	-	Active	NO
2	L74899DL1989PLC034923	DCM SHRIRAM CONSOLIDATED LIMITED	Nominee director	11/08/2004	11/08/2004	03/01/2011	Active	NO
3	U67120MH1990NPL058298	OTC EXCHANGE OF INDIA	Nominee director	26/08/2005	26/08/2005	-	Active	NO
4	L74899HR1944PLC039088	ESCORTS LIMITED	Director	02/09/2005	02/09/2005	-	Active	NO
5	U80903MH2003PLC142601	HSBC INVESTDIRECT ACADEMY FOR INSURANCE AND FINANCE (INDIA) LIMITED	Director	18/07/2006	23/09/2005	29/09/2008	Active	NO
6	U67100MH2001PLC133074	HSBC INVESTDIRECT SALES & MARKETING (INDIA) LIMITED	Director	18/07/2006	23/09/2005	29/09/2008	Active	NO
7	U65999WB1994PLC065722	SREI VENTURE CAPITAL LIMITED	Director	26/12/2005	26/12/2005	06/08/2007	Active	NO
8	L24121UP1978PLC008027	JAIPRAKASH ENTERPRISES LIMITED	Director	30/08/2007	27/12/2005	-	Amalgamated	NO
9	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	27/12/2005	27/12/2005	-	Active	NO
10	U26941UP2004PLC029175	JAYPEE CEMENT LIMITED	Director	29/12/2005	29/12/2005	-	Amalgamated	NO
11	U67120MH1999PLC122774	OTCEI SECURITIES LIMITED	Director	31/12/2005	31/12/2005	28/06/2008	Active	NO
12	U65991MH2002GOI137867	UTI ASSET MANAGEMENT COMPANY LIMITED	Director	13/01/2006	13/01/2006	14/01/2010	Active	NO
13	L50210PB1985PLC006473	SWARAJ ENGINES LTD	Director	25/01/2006	25/01/2006	-	Active	NO
14	L17110MH1997PLC106945	MUDRA LIFESTYLE LIMITED	Director	27/11/2006	01/04/2006	09/11/2011	Active	NO
15	U67120WB1951GOI020023	ALLBANK FINANCE LTD	Director	29/07/2006	29/07/2006	02/09/2007	Active	NO
16	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	18/08/2006	18/08/2006	-	Amalgamated	NO
17	L74899DL1993PLC055524	A K CAPITAL SERVICES LIMITED	Director	29/09/2007	04/09/2007	-	Active	NO
18	L63040MH1939PLC011352	COX & KINGS LIMITED	Director	29/09/2008	01/10/2007	-	Active	NO
19	U66020MH2007GOI176785	UTI RETIREMENT SOLUTIONS LIMITED	Director	08/06/2009	11/04/2008	14/01/2010	Active	NO
20	U74140MH2008PTC186258	FINMAN ADVISORY SERVICES PRIVATE LIMITED	Director	27/08/2008	27/08/2008	02/02/2009	Active	NO
21	U45200TN2007PTC065754	GK INDUSTRIAL PARK PRIVATE LIMITED	Director	31/12/2008	16/09/2008	-	Active	NO
22	U74999MH1978PLC020328	VIPUL IMPEX & INFRABUILD LIMITED	Additional director	01/11/2008	01/11/2008	02/06/2009	Active	NO
23	U74899HR1994PLC040956	ESCORTS CONSTRUCTION EQUIPMENT LIMITED	Director	21/07/2009	23/03/2009	-	Active	NO
24	U65990MH2005PTC156892	ANTIQUE FINANCE PRIVATE LIMITED	Director	30/09/2009	07/07/2009	-	Active	NO
25	U32204MH2004PLC143794	MAXX MOBILE COMMUNICATIONS LIMITED	Director	28/07/2010	21/10/2009	29/03/2011	Active	NO
26	L45203UP2007PLC033119	JAYPEE INFRATECH LIMITED	Director	21/09/2010	16/11/2009	-	Active	NO
27	L40101HP1994PLC015483	JAIPRAKASH POWER VENTURES LIMITED	Director	24/09/2010	12/01/2010	-	Active	NO
28	L17120MH1993PLC073267	ASAHI INDUSTRIES LIMITED	Director	03/07/2010	20/05/2010	-	Active	NO
29	L74999DN1987PLC000035	K-LIFESTYLE & INDUSTRIES LIMITED	Director	10/07/2010	25/05/2010	22/10/2010	Active	NO
30	L18109DN1987PLC000034	ESKAY K 'n' IT (INDIA) LIMITED	Director	10/07/2010	25/05/2010	22/10/2010	Active	NO
31	U65999WB2010PTC141896	MIDAS ASSET RECONSTRUCTION COMPANY PRIVATE LIMITED	Director	24/05/2011	11/08/2010	-	Active	NO
32	L45202PB1974PLC003516	SWARAJ AUTOMOTIVES LIMITED	Additional director	20/10/2011	20/10/2011	-	Active	NO
33	U67190MH2008PTC187076	IIT INSURANCE BROKING AND RISK MANAGEMENT PRIVATE LIMITED	Additional director	18/04/2012	18/04/2012	-	Active	NO

Name :

Mr. Raj Narain Bhardwaj

Designation :

Director

Address :

402, Moksh Apartments, Upper Govind Nagar, Malad (East), Mumbai – 400097, Maharashtra, India

Date of Birth :

08.05.1945

Date of Appointment :

30.08.2007

DIN No.:

01571764

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	U67190MH2005PLC153819	MILESTONE CAPITAL ADVISORS LIMITED	Director	12/06/2007	12/06/2007	-	Active	NO
2	U67120MH1995PLC095642	NATIONAL SECURITIES DEPOSITORY LIMITED	Director appointed in casual vacancy	15/06/2007	15/06/2007	09/08/2007	Active	NO
3	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	30/08/2007	14/07/2007	-	Active	NO
4	U74140MH2007PTC172569	IL&FS MILESTONE REALTY ADVISORS PRIVATE LIMITED	Director	26/09/2008	25/07/2007	-	Active	NO
5	L45202UP1980PLC024224	JAYPEE HOTELS LIMITED	Director	22/07/2008	27/07/2007	-	Amalgamated	NO
6	U74210MH2002PTC136510	SINGHI ADVISORS PRIVATE LIMITED	Director	16/09/2008	01/08/2007	-	Active	NO
7	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	14/07/2008	06/08/2007	-	Amalgamated	NO
8	U40101WB2005PLC102935	ADHUNIK POWER & NATURAL RESOURCES LIMITED	Additional director	11/09/2007	11/09/2007	31/01/2010	Active	NO
9	U40101AP1995PLC021459	LANCO KONDAPALLI POWER LIMITED	Nominee director	15/10/2007	15/10/2007	27/07/2010	Active	NO
10	L27209TN1984PLC010994	TEBMA SHIPYARDS LIMITED	Director	24/09/2008	31/10/2007	07/01/2010	Active	NO
11	U65999WB1994PLC065722	SREI VENTURE CAPITAL LIMITED	Director	11/07/2008	21/11/2007	-	Active	NO
12	L51900MH1985PLC035915	CORE EDUCATION & TECHNOLOGIES LIMITED	Director	31/07/2008	24/11/2007	21/01/2009	Active	NO
13	U74900MH2008PTC179386	SAMVRIDHI ADVISORS PRIVATE LIMITED	Director	25/02/2008	25/02/2008	-	Active	NO
14	L17119DN1983PLC000074	KSL AND INDUSTRIES LIMITED	Director	09/08/2008	11/06/2008	14/03/2010	Active	NO
15	L18109DN1987PLC000034	ESKAY K 'n' IT (INDIA) LIMITED	Director	08/08/2008	13/06/2008	14/03/2010	Active	NO
16	U65999MH2008PTC178870	AEGON TRUSTEE COMPANY PRIVATE LIMITED	Additional director	04/07/2008	04/07/2008	19/11/2008	Active	NO
17	U74999MH2003PTC139774	INVENT ASSETS SECURITISATION AND RECONSTRUCTION PRIVATE LIMITED	Director	24/09/2008	11/07/2008	-	Active	NO
18	U67190MH2008PTC187076	IIT INSURANCE BROKING AND RISK MANAGEMENT PRIVATE LIMITED	Director	27/08/2009	04/11/2008	30/11/2010	Active	NO
19	U66010KA2007PLC043957	CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED	Additional director	04/12/2008	04/12/2008	04/04/2009	Active	NO
20	U65991MH2005PLC153638	RELIGARE TRUSTEE COMPANY LIMITED	Director	30/09/2009	04/12/2008	-	Active	NO
21	U74899DL1999GOI101707	INDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED	Director	22/01/2009	22/01/2009	22/01/2012	Active	NO
22	U93090MH2009PTC191515	MILESTONE RELIGARE INVESTMENT ADVISORS PRIVATE LIMITED	Director	20/05/2010	08/04/2009	-	Active	NO
23	U65921MH1994PLC173469	MONEY MATTERS FINANCIAL SERVICES LIMITED	Director	22/09/2009	21/08/2009	21/12/2010	Active	NO
24	L65993WB1989PLC047002	MICROSEC FINANCIAL SERVICES LIMITED	Director	30/09/2009	05/09/2009	-	Active	NO
25	U72900MH2001PLC131598	RELIANCE INFRATEL LIMITED	Director	29/09/2010	19/09/2009	-	Active	NO
26	L45203UP2007PLC033119	JAYPEE INFRATECH LIMITED	Director	21/09/2010	16/11/2009	-	Active	NO
27	L40101HP1994PLC015483	JAIPRAKASH POWER VENTURES LIMITED	Director	24/09/2010	12/01/2010	-	Active	NO
28	U93000MH2009PTC191700	CAPSTONE CAPITAL SERVICES PRIVATE LIMITED	Director	08/05/2010	02/02/2010	23/02/2011	Active	NO
29	U67120MH2006PTC161153	MONEY MATTERS SECURITIES PRIVATE LIMITED	Director	05/08/2010	26/04/2010	11/02/2011	Active	NO
30	L15492WB1916PLC002697	DHUNSERI PETROCHEM & TEA LIMITED	Director appointed in casual vacancy	03/07/2010	03/07/2010	-	Active	NO
31	U40109AP2000PTC034758	LANCO TEESTA HYDRO POWER PRIVATE LIMITED	Director	30/09/2011	18/10/2010	-	Active	NO
32	L27230HR1988PLC030333	AMTEK AUTO LIMITED	Additional director	15/02/2012	15/02/2012	-	Active	NO
33	L17299WB1985PLC038517	RUPA & COMPANY LIMITED	Director appointed in casual vacancy	28/05/2012	28/05/2012	-	Active	NO

Name :

Mr. Suresh Chandra Gupta

Designation :

Director

Address :

B-186, Sector-44, Noida – 201303, Uttar Pradesh, India

Date of Birth :

01.08.1936

Date of Appointment :

21.02.2008

DIN No.:

01127801

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	U51909DL2002PTC115610	PREFERRED CARD MARKETING PRIVATE LIMITED	Director	29/04/2004	29/04/2004	-	Active	NO
2	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	21/02/2008	21/02/2008	-	Active	NO
3	U74140DL1999PTC098603	GOOD TIMES MARKETING PRIVATE LIMITED	Director	17/04/2008	17/04/2008	-	Active	NO
4	U74999DL2003PTC118849	TLC RELATIONSHIP MANAGEMENT PRIVATE LIMITED	Director	15/05/2008	15/05/2008	-	Active	NO
5	U70100DL2009PTC193744	SURENI HOLDINGS PRIVATE LIMITED	Director	01/09/2009	01/09/2009	-	Active	NO
6	L45203UP2007PLC033119	JAYPEE INFRATECH LIMITED	Director	21/09/2010	16/11/2009	-	Active	NO
7	U74140DL2007PLC171094	JAYPEE DEVELOPMENT CORPORATION LIMITED	Director	27/09/2010	20/02/2010	15/05/2012	Active	NO
8	U72200DL2001PTC111080	SLS SOFTWARE PRIVATE LIMITED	Director	04/09/2010	04/09/2010	-	Active	NO

Name :

Mr. Basant Kumar Goswami

Designation :

Director

Address :

F-4, Kailash Colony, New Delhi – 110048, India

Date of Birth :

29.01.1935

Date of Appointment :

01.03.2007

DIN No.:

00003782

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	U55101KL1991PLC006056	TAJ KERALA HOTELS AND RESORTS LTD	Director	25/10/1994	25/10/1994	15/05/2010	Active	NO
2	U99999MH1992PTC136660	GLOBAL TRUSTCAPITAL FINANCE PRIVATE LIMITED	Director	01/04/1995	01/04/1995	-	Active	NO
3	U74899DL1995PTC069817	AMERICAN HOTELS AND RESTAURANTS PRIVATE LIMITED	Director	24/10/1996	24/10/1996	15/09/2010	Active	NO
4	U74899DL1994PTC058450	UNISON HOTELS PRIVATE LIMITED	Director	19/12/1996	19/12/1996	03/09/2008	Active	NO
5	L31200GA1992PLC003109	BLUE COAST HOTELS LIMITED	Director	16/04/1998	16/04/1998	-	Active	NO
6	U67120MH1993PTC071842	MATA SECURITIES INDIA PRIVATE LIMITED	Director	02/05/1998	02/05/1998	-	Active	NO
7	U55101WB1970PTC027716	NEW KENILWORTH HOTEL PRIVATE LIMITED	Director	08/06/1998	08/06/1998	-	Active	NO
8	U63031KL1998PTC012117	THE GREAT INDIA AVIATION SERVICES PRIVATE LIMITED	Director	13/02/1999	13/02/1999	19/04/2010	Active	NO
9	U74899DL1987PTC028887	CHOICE HOSPITALITY (INDIA) PRIVATE LIMITED	Director	27/08/1999	27/08/1999	18/04/2007	Active	NO
10	U15422UP1933PLC000489	L H SUGAR FACTORIES LIMITED	Director	16/08/2001	16/08/2001	-	Active	NO
11	U36991HP1995PLC031163	JAIPRAKASH POWER VENTURES LIMITED	Director	17/06/2002	17/06/2002	-	Amalgamated	NO
12	U74210DL1996PTC082876	QUEST VENTURE CO-ORDINATORS PRIVATE LIMITED	Director	01/09/2005	01/09/2005	25/05/2010	Active	NO
13	U00000HP2004PTC027725	HIMALAYAN SKI VILLAGE PRIVATE LIMITED	Director	04/10/2005	04/10/2005	25/05/2007	Active	NO
14	U55101DL2005PTC142050	DM SOUTH INDIA HOSPITALITY PRIVATE LIMITED	Director	24/10/2005	24/10/2005	30/01/2010	Active	NO
15	U01132AS1996PTC004874	HERITAGE NORTH EAST PRIVATE LIMITED	Director	21/07/2006	21/07/2006	30/01/2010	Active	NO
16	U74140HR2007PTC036586	SCIENTIFIC PROPERTY ADVISORY COMPANY PRIVATE LIMITED	Director	06/02/2007	06/02/2007	21/02/2008	Active	NO
17	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	01/03/2007	01/03/2007	-	Active	NO
18	L21021OR1986PLC001624	B & A PACKAGING INDIA LIMITED	Director	15/06/2007	23/03/2007	30/01/2010	Active	NO
19	L24232PB1995PLC016664	NECTAR LIFE SCIENCES LIMITED	Director	28/09/2007	28/04/2007	-	Active	NO
20	L01132AS1915PLC000200	B & A LIMITED	Director	28/06/2007	28/06/2007	-	Active	NO
21	U74899DL2003PLC120173	MAYAR HEALTH RESORTS LIMITED	Director	29/09/2007	26/07/2007	31/12/2009	Active	NO
22	U70102DL1997PLC085551	TDI INFRASTRUCTURE LIMITED	Director	30/09/2008	19/10/2007	13/01/2009	Active	NO
23	L13100DL1976PLC188942	LANDMARK PROPERTY DEVELOPMENT COMPANY LIMITED	Director	22/09/2008	29/01/2008	20/01/2011	Active	NO
24	U45200DL2006PLC154061	PARSVNATH INFRA LIMITED	Director	28/08/2008	12/06/2008	24/06/2010	Active	NO
25	U55204DL2007PLC170126	PARSVNATH HOTELS LIMITED	Director	28/08/2008	29/07/2008	24/06/2010	Active	NO
26	U51109MH2008PTC180143	CONSERVATION CORPORATION OF INDIA PRIVATE LIMITED	Additional director	25/12/2008	25/12/2008	-	Amalgamated	NO
27	U55101MH2008PTC186772	CONSERVATION CORPORATION OF INDIA PRIVATE LIMITED	Director	24/07/2009	09/04/2009	-	Active	NO
28	U24100DL2009PTC192240	NATURICH LABS PRIVATE LIMITED	Additional director	03/08/2009	03/08/2009	14/06/2012	Active	NO
29	U93000WB1991PLC053759	SEVEN SENSES AYURVEDIC HEALTH AND SPA VENTURES LIMITED	Director	22/09/2009	14/08/2009	02/11/2011	Active	NO
30	L45203UP2007PLC033119	JAYPEE INFRATECH LIMITED	Director	21/09/2010	16/11/2009	-	Active	NO
31	U92412AS2009PTC009411	KAZIRANGA GOLF CLUB PRIVATE LIMITED	Director	25/11/2009	25/11/2009	30/08/2011	Active	NO
32	U74140DL2007PLC171094	JAYPEE DEVELOPMENT CORPORATION LIMITED	Director	27/09/2010	20/02/2010	-	Active	NO
33	L24231UP1936PLC000740	SIMBHAOLI SUGARS LIMITED	Director	10/01/2011	11/06/2010	-	Active	NO
34	U74999DL2010PLC207575	JAYPEE MEGHALAYA POWER LIMITED	Additional director	12/08/2011	12/08/2011	-	Active	NO

Name :

Mr. Ravindra Kumar Singh

Designation :

Director

Address :

404, Palmgrove Apartment, F5, Sector 50, Noida – 201301, Uttar Pradesh, India

Date of Birth :

13.07.1945

Date of Appointment :

27.08.2008

DIN No.:

01859229

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	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	27/08/2008	15/10/2007	Active	NO
2	U45209DL2008PLC175321	BOKARO JAYPEE CEMENT LIMITED	Managing director	10/04/2008	13/03/2008	Active	NO
3	U01122DL2008PLC176916	JAIPRAKASH AGRI INITIATIVES COMPANY LIMITED	Director	27/09/2011	04/10/2010	Active	NO
4	L26942AP1936PLC002379	ANDHRA CEMENTS LIMITED	Director appointed in casual vacancy	10/02/2012	10/02/2012	Active	NO

Name :

Mr. Viney Kumar

Designation :

IDBI Nominee Director

Address :

A/132, Twin Tower, Prabha Devi, V S Marg, Mumbai – 400025, Maharashtra, India

Date of Birth :

04.06.1956

Date of Appointment :

01.11.2010

DIN No.:

00191129

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	U74999MH1939PTC002945	THE GODAVARI SUGAR MILLS PRIVATE LIMITED	Nominee director	29/04/2005	29/04/2005	21/02/2009	Active	NO
2	L15432UP1932PLC025186	THE OUDH SUGAR MILLS LIMITED	Nominee director	19/05/2005	19/05/2005	26/04/2007	Active	NO
3	L17115HP1980PLC005647	WINSOME TEXTILE INDUSTRIES LIMITED	Nominee director	14/01/2006	14/01/2006	29/09/2009	Active	NO
4	L00000MH1946PLC197474	QUADRANT TELEVENTURES LIMITED	Nominee director	29/09/2009	29/09/2009	-	Active	NO
5	U65100MH2010PLC199319	IDBI ASSET MANAGEMENT LIMITED	Director	25/01/2010	25/01/2010	14/06/2010	Active	NO
6	U65991MH2010PLC199326	IDBI MF TRUSTEE COMPANY LIMITED	Director	25/01/2010	25/01/2010	14/06/2010	Active	NO
7	U65991MH2001GOI131154	IDBI TRUSTEESHIP SERVICES LIMITED	Director	27/08/2010	19/03/2010	28/12/2011	Active	NO
8	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Nominee director	01/11/2010	01/11/2010	-	Active	NO

Name :

Mr. Vijay Kumar Chopra

Designation :

Director

Address :

4-A, 4^th Floor, Harmony Tower, Dr. E Moses Road, Worli, Mumbai – 400018, Maharashtra, India

Date of Birth :

06.03.1946

Date of Appointment :

21.09.2010

Election Commission Identify Card No.:

DL02009192293

DIN No.:

02103940

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	L74210HR1984PLC032293	RASANDIK ENGINEERING INDUSTRIES INDIA LIMITED	Director	12/09/2008	18/03/2008	27/08/2009	Active	NO
2	U51909DL2004PLC126962	SVIL MINES LIMITED	Additional director	10/04/2008	10/04/2008	06/08/2008	Active	NO
3	L74999MH1989PLC052384	ROLTA INDIA LIMITED	Director	24/11/2008	17/04/2008	-	Active	NO
4	U67190MH1999PLC119009	CENTRUMDIRECT LIMITED	Director	29/12/2008	06/05/2008	03/05/2011	Active	NO
5	L36900MH1988PLC049085	SUASHISH DIAMONDS LIMITED	Director	27/09/2008	09/05/2008	26/02/2009	Active	NO
6	L65910MH1984PLC032639	DEWAN HOUSING FINANCE CORPORATION LIMITED	Director	28/07/2008	12/05/2008	-	Active	NO
7	L13100DL1976PLC188942	LANDMARK PROPERTY DEVELOPMENT COMPANY LIMITED	Director	22/09/2008	03/06/2008	11/08/2010	Active	NO
8	U24209DL1991PLC175849	RFCL LIMITED.	Director	29/09/2008	30/06/2008	28/02/2011	Active	NO
9	U63032MH1995PLC086014	ORIX AUTO INFRASTRUCTURE SERVICES LIMITED	Director	18/06/2009	18/07/2008	21/04/2010	Active	NO
10	L99999GJ1985PLC011553	JAYBHARAT TEXTILES AND REAL ESTATE LIMITED	Director	09/08/2008	24/07/2008	13/03/2010	Active	NO
11	L52399MH1987PLC044954	PANTALOON RETAIL (INDIA) LIMITED	Director	10/11/2008	24/07/2008	-	Active	NO
12	U55204DL2007PLC170126	PARSVNATH HOTELS LIMITED	Director	28/08/2008	29/07/2008	08/12/2008	Active	NO
13	U65999MH2004PTC144113	PEGASUS ASSETS RECONSTRUCTION PRIVATE LIMITED	Additional director	11/08/2008	11/08/2008	-	Active	NO
14	U66010KA2001PLC028883	METLIFE INDIA INSURANCE COMPANY LIMITED	Director	14/08/2008	14/08/2008	-	Active	NO
15	U67190MH1999PLC120866	SIDBI VENTURE CAPITAL LIMITED	Director	08/07/2009	11/09/2008	-	Active	NO
16	U74999MH2008PTC178871	AEGON MANAGEMENT CONSULTANTS INDIA PRIVATE LIMITED	Director	26/09/2008	26/09/2008	24/11/2008	Active	NO
17	U65933MH1991PLC192261	FUTURE FINANCE LIMITED	Director	03/08/2009	01/12/2008	06/08/2011	Active	NO
18	U67190MH2005PLC153471	RELIGARE ASSET MANAGEMENT COMPANY LIMITED	Director	24/09/2009	04/12/2008	-	Active	NO
19	L31900DL1983PLC016304	HAVELLS INDIA LIMITED	Director	25/08/2009	30/01/2009	-	Active	NO
20	U66020MH2009PLC191340	RELIANCE CAPITAL PENSION FUND LIMITED	Director	17/05/2010	24/04/2009	-	Active	NO
21	U67190MH2005PLC153819	MILESTONE CAPITAL ADVISORS LIMITED	Director	25/09/2009	30/06/2009	-	Active	NO
22	L14106UP1995PLC019017	JAIPRAKASH ASSOCIATES LIMITED	Director	21/09/2010	01/09/2009	-	Active	NO
23	U93000MH2009PTC191700	CAPSTONE CAPITAL SERVICES PRIVATE LIMITED	Director	08/05/2010	02/02/2010	23/02/2011	Active	NO
24	U52599MH2007PLC167292	FUTURE CAPITAL FINANCIAL SERVICES LIMITED	Additional director	03/05/2010	03/05/2010	-	Amalgamated	NO
25	L99999MH1982PLC027797	RESPONSIVE INDUSTRIES LIMITED	Director	20/06/2011	09/11/2010	-	Active	NO
26	U65923MH2010PTC208754	MILESTONE HOME FINANCE COMPANY PRIVATE LIMITED	Director	30/12/2011	25/01/2011	-	Active	NO
27	U74899DL1995PLC104560	FIRST BLUE HOME FINANCE LIMITED	Director	29/06/2011	25/03/2011	-	Active	NO
28	U67120MH2004PLC147365	INDIA INFOLINE FINANCE LIMITED	Additional director	27/06/2012	27/06/2012	-	Active	NO
29	L65990MH1984PLC032422	SPANCO LIMITED	Additional director	01/07/2012	01/07/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Harish Kumar Vaid
Designation :	Senior President (Corporate Affairs) and Company Secretary
Address :	C1/1172, Vasant Kunj, New Delhi – 110070, India
Date of Birth :	19.01.1954
Date of Appointment :	18.03.2004
PAN No.:	AABPV9638C
Election Commission Identify Card No.:	DL/03/018/256029

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2012

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	70443958	3.31
Bodies Corporate	733491146	34.49
Any Others (Specify)	189316882	8.90
Trusts	189316882	8.90
Sub Total	993251986	46.71
(2) Foreign
Individuals (Non-Residents Individuals / Foreign Individuals)	114760	0.01
Sub Total	114760	0.01
Total shareholding of Promoter and Promoter Group (A)	993366746	46.72
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	187230031	8.80
Financial Institutions / Banks	7179077	0.34
Insurance Companies	111550297	5.25
Foreign Institutional Investors	431654913	20.30
Sub Total	737614318	34.69
(2) Non-Institutions
Bodies Corporate	115594458	5.44
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Million	227314206	10.69
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million	20595532	0.97
Any Others (Specify)	31947922	1.50
Non Resident Indians	12084890	0.57
Trusts	9781215	0.46
Overseas Corporate Bodies	1207200	0.06
Foreign Corporate Bodies	1740386	0.08
Clearing Members	7134231	0.34
Sub Total	395452118	18.60
Total Public shareholding (B)	1133066436	53.28
Total (A)+(B)	2126433182	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	2126433182	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing, Importing and Exporting of Portland Cement and Clinker Cement.

Products :

Products Description	ITC Code
Portland Cement	252329.01

PRODUCTION STATUS (AS ON: 31.03.2011)

Particulars	31.03.2011
Capacity and Production:
Installed Capacity - Per annum	21500000*
Production - Portland Cemen	14675679**
- Clinker (Production for Sale	525380**

NOTE:

1. * as on 31.03.2011

2. ** as certified by the management

GENERAL INFORMATION

No. of Employees :

20000 (Approximately)

Bankers :

· Allahabad Bank

· Andhra Bank

· AKA Export Finance Bank

· Axis Bank Limited

· Bank of Baroda

· Bank of Bhutan

· Bank of India

· Bank of Maharashtra

· Canara Bank

· Central Bank of India

· Citi Bank N.A.

· Corporation Bank

· Export Import Bank of India

· HDFC Bank Limited

· HSBC Limited

· ICICI Bank Limited

· Indian Bank

· Indian Overseas Bank

· IDBI Bank Limited

· Karur Vysya Bank

· Karnataka Bank

· Kotak Mahindra Bank

· Oriental Bank of Commerce

· Punjab National Bank

· Punjab and Sind Bank

· Royal Bank of Scotland

· Standard Chartered Bank

· State Bank of India

· State Bank of Hyderabad

· State Bank of Indore

· State Bank of Mysore

· State Bank of Patiala

· State Bank of Sikkim

· State Bank of Travancore

· State Bank of Bikaner and Jaipur

· Syndicate Bank

· The Jammu and Kashmir Bank Limited

· UCO Bank

· Union Bank of India

· United Bank of India

· Vijaya Bank

· Yes Bank Limited

Facilities :

Secured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Debentures	51750.000	30200.000
Term Loan	834.400	2511.000
From Financial Institution
From Bank
In Rupees	87763.600	68487.200
In Foreign Currency	2170.600	7324.300
From Others	2840.000	1654.500
Working Capital Loan
From Banks For Working Capital In Rupee	2081.400	2130.700
Loan from State Government [Interest Free]	1795.600	1211.800
Advances from Clients
From Government Departments, Public Sector Undertakings and Others
Secured against Hypothecation of Construction Material and Plant and Machinery
Interest Bearing	60.600	60.600
Total	149296.200	113580.100
Unsecured Loan	Rs. In Millions 31.03.2011	Rs. In Millions 31.03.2010
Foreign Currency Convertible Bonds
FCCB-II [EURO]	109.200	257.800
FCCB-III [USD]	16001.000	16157.000
Foreign Currency Loans from Banks [ECB]
ECB [USD]	10536.200	12437.900
ECB [GBP]	2234.800	2256.600
ECB [CAD]	2308.500	2331.000
Debentures: (i) 8,63,083 8% Non-convertible Debentures of Rs. 100/- each fully paid-up in cash [Fully Redeemed] [Previous Year Rs.75/- per Debenture Redeemed]	0.000	21.600
(ii) 20,000 8.25% Non-convertible Debentures of Rs. 1,00,000/- each fully paid-up in cash [Fully Redeemed] [Previous Year Rs. 30,000/- per Debenture Redeemed	0.000	1400.000
[Repayable within one year – Rs. Nil (Previous Year Rs. 1421.600 millions)]
Short Term Loans:
From Financial Institution	0.000	2000.000
From Bank	3751.500	6187.500
[Repayable within one year – Rs. 3751.500 millions (Previous Year Rs. 7187.500 millions)]
Sales Tax Deferment Loan	201.200	18.600
Bills Discounting [Repayable within one year – Rs. 3272.500 millions (Previous Year Rs. 1968.400 millions)]	3272.500	1968.400
Commercial Papers [Maximum amount outstanding during the year Rs.15000.000 millions (Previous Year Rs. 5000.000 millions) [Repayable within one year Rs. 10000.000 millions (Previous Year Rs. 5000.000 millions)]	10000.000	5000.000
Fixed Deposit Scheme [Repayable within one year – Rs. 5058.800 millions (Previous Year Rs. 5262.900 millions)]	17619.300	14048.300
Deposits [from Stockiest and Sales Promoters]	1746.000	1422.300
Total	67780.200	65507.000

Banking Relations :	---
Auditors :
Name :	M. P. Singh and Associates Chartered Accountants
Address :	B-8/14, Vasant Vihar, New Delhi-110057, India
Tel No.:	91-11-26141979
Fax No.:	91-11-26148150
E mail:	ravinagpal@vsnl.net
Associates:	1. Jaypee Ventures Private Limited 2. Jaypee Development Corporation Limited 3. Jaiprakash Kashmir Energy Limited 4. JIL Information Technology Limited 5. Gaur and Nagi Limited 6. Indesign Enterprises Private Limited 7. Sonebhadra Minerals Private Limited 8. RPJ Minerals Private Limited 9. Jaiprakash Agri Initiatives Company Limited 10. Tiger Hills Holiday Resort Private Limited 11. Anvi Hotels Private Limited 12. Sarveshwari Stone Products Private Limited 13. Rock Solid Cement Limited 14. MP Jaypee Coal Limited 15. Jaypee International Logistics Company Private Limited 16. Jaypee Hotels Limited 17. Jaypee Mining Venture Private Limited 18. Jaypee Infra Ventures (A Private Company with unlimited liability) 19. Indus Hotels UK Limited 20. Ceekay Estates Private Limited
Subsidiaries :	1. Jaiprakash Power Ventures Limited 2. Jaypee Infratech Limited 3. Himalyan Expressway Limited 4. Jaypee Ganga Infrastructure Corporation Limited 5. Jaypee Sports International Limited 6. Jaypee Agra Vikas Limited [w.e.f. 16.11.2009] 7. Jaypee Cement Corporation Limited [w.e.f. 22.02.2011] 8. Jaypee Fertilizers and Industries Limited [w.e.f. 03.06.2010] 9. Sangam Power Generation Company Limited [w.e.f. 23.07.2009] [subsidiary of Jaiprakash Power Ventures Limited] 10. Prayagraj Power Generation Company Limited [w.e.f. 23.07.2009] [subsidiary of Jaiprakash Power Ventures Limited] 11. Jaypee Meghalaya Power Limited [w.e.f. 26.08.2010] [subsidiary of Jaiprakash Power Ventures Limited] 12. Jaypee Karcham Hydro Corporation Limited 13. Bina Power Supply Company Limited [subsidiary of Jaiprakash Power Ventures Limited]
Joint Venture Company:	1. Bhilai Jaypee Cement Limited 2. Bokaro Jaypee Cement Limited 3. Gujarat Jaypee Cement and Infrastructure Limited 4. Jaypee Powergrid Limited [Joint Venture Subsidiary Company of Jaiprakash Power Ventures Limited] 5. Jaypee Arunachal Power Limited [Joint Venture Subsidiary

CAPITAL STRUCTURE

AS ON 27.09.2011

Authorised Capital : Rs.25600.000

Issued, Subscribed & Paid-up Capital : Rs.4252.866 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
12344000000	Equity Shares	Rs.2/- each	Rs.24688.000 Millions
3120000	Preference Shares	Rs.100/- each	Rs.312.000 Millions
	Total		Rs.25000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2126433182	Equity Shares	Rs.2/- each	Rs.4252.900 Millions

NOTES:

860865055 Equity Shares allotted for consideration other than cash in terms of the Scheme of Amalgamation effective from 11.03.2004;

20219850 Equity Shares allotted for cash under “Jaypee Employees Stock Purchase Scheme 2002

173178150 Equity Shares allotted for cash on conversion of Foreign Currency Convertible Bonds

124378825 Equity Shares allotted in terms of Scheme of Amalgamation effective from 22.08.2006

10000000 Equity Shares allotted for cash to Promoters on Preferential Basis

218010985 Equity Shares allotted pursuant to Scheme of Amalgamation effective from 27.05.2009

12500000 Equity Shares allotted for cash under "Jaypee Employees Stock Purchase Scheme 2009” an

707280317 Equity Shares allotted as Bonus Shares

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		4252.900	4249.300	2803.600
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		89720.800	80757.900	62588.500
4] Equity Warrants		0.000	0.000	1588.000
5] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		93973.700	85007.200	66980.100
LOAN FUNDS
1] Secured Loans		149296.200	113580.100	73382.800
2] Unsecured Loans		67780.200	65507.000	57678.900
TOTAL BORROWING		217076.400	179087.100	131061.700
DEFERRED TAX LIABILITIES		12204.200	9232.500	7200.400
TOTAL		323254.300	273326.800	205242.200
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		119568.800	106186.800	68179.100
Capital work-in-progress		63526.800	38916.400	50819.400
INVESTMENT		64837.500	55762.600	44652.000
DEFERREX TAX ASSETS		264.400	0.000	304.100
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	16664.500	29096.800	19100.500
	Sundry Debtors	16168.600	22850.300	10220.400
	Cash & Bank Balances	28106.300	38791.800	29085.900
	Other Current Assets	24625.300	0.000	0.000
	Loans & Advances	262.000	303.800	33209.200
	Project Under Development	45696.600	39947.200
Total Current Assets		131523.300	130989.900	91616.000
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	18966.800	12970.900	45543.900
	Other Current Liabilities	31943.300	39043.400
	Provisions	5556.400	6514.600	4823.100
Total Current Liabilities		56466.500	58528.900	50367.000
Net Current Assets		75056.800	72461.000	41249.000
MISCELLANEOUS EXPENSES		0.000	0.000	38.600
TOTAL		323254.300	273326.800	205242.200

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	129650.400	100889.100	57687.600
		Other Income	8668.300	15828.700	3881.100
		TOTAL (A)	138318.700	116717.800	61568.700
Less	EXPENSES
		Manufacturing, construction, Real Estate, Hotel and Hospitality and Power Expenses	79663.500	57036.200
		Excise duty on stocks	259.000	223.400
		Personnel	5957.200	6652.900	40145.900
		Selling and Distribution Expenses	10706.100	6838.600
		Other Expenses	5801.900	6193.500
		Increase/ Decrease in Stock and work in progress	(1625.600)	831.000
		Prior Period Adjustments	(8.400)	(7.000)
		TOTAL (B)	100753.700	77782.600	40145.900
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		37565.000	38935.200	21422.800
Less	FINANCIAL EXPENSES (D)		13941.800	10557.900	5823.300
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		23623.200	28377.300	15599.500
Less/ Add	DEPRECIATION/ AMORTISATION (F)		6078.100	4560.600	3089.700
	PROFIT BEFORE TAX (E-F) (G)		17545.100	23816.700	12509.800
Less	TAX (H)		5867.300	6733.100	3539.700
	PROFIT AFTER TAX (G-H) (I)		11677.800	17083.600	8970.100
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		26450.300	18796.800	15129.300
	IMPORTS
	Stores and Spare		610.862	3924.363	NA
	Capital Equipment [including Capital Work-in-Progress		4659.481	3925.636	NA
	Steel Plate		6.755	0.314	NA
	Raw Material		640.775	251.486	NA
	Hydro Mechanical and Electromechanical Equipment		4192.220	1306.913	NA
	Other		11.389	0.112	NA
	TOTAL		10121.482	9408.824	NA
	EARNINGS IN FOREIGN CURRENCY
	Cement Exports [FOB Value]		49.709	29.622	NA
	Hospitality		231.242	208.154	NA
	Interest		2.465	77.427	NA
	Other		0.175	34.664	NA
	Advance received from Real Estate Customers		67.287	54.623	NA
	TOTAL EARNINGS		350.878	404.490	NA
Less	APPROPRIATIONS		NA	9564.200	6089.300
	BALANCE CARRIED TO THE B/S		NA	26450.300	18796.800
	Earnings Per Share (Rs.)		5.49	7.89	NA

QUARTERLY RESULTS

PARTICULARS	30.06.2011	30.09.2011	31.12.2011	31.03.2012	30.06.2012
	1^st Quarter	2^nd Quarter	3^rd Quarter	4^th Quarter	5^th Quarter
Net Sales	31778.500	31324.100	33053.900	40621.400	30081.300
Total Expenditure	24050.500	23842.500	24894.300	30427.500	21923.200
PBIDT (Excl OI)	7728.000	7481.600	8159.600	10193.900	8158.100
Other Income	54.100	560.200	1204.700	317.400	285.400
Operating Profit	7782.100	8041.800	9364.300	10511.300	8443.500
Interest	4263.600	4049.000	4485.000	5800.000	4652.600
Exceptional Items	(1.700)	(3.400)	15.700	49.300	9.300
PBDT	3516.800	3989.400	4895.000	4760.600	3800.200
Depreciation	1721.000	1761.000	2021.800	1637.500	1763.300
Profit Before Tax	1795.800	2228.400	2873.200	3123.100	2036.900
Tax	725.400	941.900	823.700	285.000	648.500
Provisions and contingencies	0.000	0.000	0.000	0.000	0.000
Profit After Tax	1070.400	1286.500	2049.500	2838.100	1388.400
Extraordinary Items	0.000	0.000	0.000	0.000	0.000
Prior Period Expenses	0.000	0.000	0.000	0.000	0.000
Other Adjustments	0.000	0.000	0.000	0.000	0.000
Net Profit	1070.400	1286.500	2049.500	2838.100	1388.400

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	8.44	14.64	14.57
Net Profit Margin (PBT/Sales)	(%)	13.53	23.61	21.69
Return on Total Assets (PBT/Total Assets}	(%)	9.96	10.04	7.83
Return on Investment (ROI) (PBT/Networth)		0.18	0.28	0.19
Debt Equity Ratio (Total Liability/Networth)		2.91	2.80	2.71
Current Ratio (Current Asset/Current Liability)		2.32	2.24	1.82

LOCAL AGENCY FURTHER INFORMATION

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

COMPANY HISTORY:

Subject is a diversified infrastructural industrial conglomerate in India. The company is the leader in Engineering and Construction of Hydropower projects in India. They are the only integrated solution provider for Hydropower projects in the country with a track record of strong project implementation in different capacities. The company is in the business of heavy civil engineering construction, expressways, cement, and real estate and hospitality. The company is engaged in the business of integrated engineering construction and operates at the locations of their clients and uses electric energy for implementation of various projects undertaken by them. They are also engaged in the business of manufacture and marketing of cement and own five star hotels at New Delhi, Mussoorie and Agra and a Golf Course with associated recreational and residential facilities at Greater Noida as part of their real estate business. Jaiprakash Associates Limited, a part of the Jaypee Group was incorporated in the year in the year 1995 under the name Bela Cement Limited. The Company was promoted by Jaiprakash Gaur, a well known leader in the construction of multi-purpose river valley and hydropower projects. In the year 2000, Jaypee Rewa Cement Plant and Jaypee Bela Cement Plant were merged. In April 1, 2002, the cement division of Jaiprakash Industries Limited was hived off and merged with the company. The name of the company was changed to Jaypee Cement Limited In the year 2003, Jaiprakash Industries Limited was amalgamated with the company with effect from April 1, 2002 and the name of the company was changed from Jaypee Cement Limited to Jaiprakash Associates Limited with effect from March 11, 2004. Subsequently, the subsidiaries of Jaiprakash Industries Limited, namely Jaypee Hotels Limited, Jaiprakash Hydro-Power Limited, Jaiprakash Power Ventures Limited and Jaypee Karcham Hydro Corporation Limited became the subsidiaries of the company. During the year 2003-04, the company completed the contracts such as Contract for civil and hydro-mechanical works of 300 MW Baspa-II Hydroelectric Project in Himachal Pradesh, Contract for construction of Pressure Shafts and Underground Power House Complex of the Prestigious 1,500 MW Nathpa Jhakri Hydro-electric Project in Himachal Pradesh and EPC Contract for 300 MW Chamera (stage II) Hydroelectric Project in Himachal Pradesh. During the year 2004-05, the company completed the work of concrete gravity Dam and 1,000 MW capacity surface Power House of Indira Sagar (Narmada), Hydro-electric Project in Madhya Pradesh. During the year 2005-06, the company completed the work of construction of Dam and Power House of 1,000 MW Indira Sagar (Narmada Sagar) Hydro-electric Project. They entered into joint venture with Government of Madhya Pradesh and formed a Special Purpose Vehicle, namely Madhya Pradesh Jaypee Minerals Limited, for development of Amelia (North) Coal Block in Sidhi (MP) at an investment of Rs 400 crore. In June 2006, Jaypee Greens Limited merged with the company with effect from April 1, 2005. During the year 2006-07, the company completed the contracts such as, Dul-Hasti Hydroelectric Project (390 MW) in Jammu and Kashmir, Vishnuprayag Hydroelectric Project (400 MW) in Uttarakhand, Tehri Hydroelectric Project (1,000 MW) in Uttarakhand, Sardar Sarovat Hydroelectric Project (1450 MW) in Gujarat and Tala Hydroelectric Project (1,020 MW) in Bhutan. Thus, they completed the projects with power generation capacity of 4,260 MW. In October 5, 2006, Jaypee Powergrid Limited was incorporated as a subsidiary of Jaiprakash Hydro-Power Limited for transmission of energy from Karcham Wangtoo Hydro Electric Project of 1000 MW at Kinnaur in Himachal Pradesh from Wangtoo to the interconnecting point with the northern grid at Abdullapur, Yamunanagar, Haryana. In April 5, 2007, the company incorporated Jaypee Infratech Limited as a wholly owned subsidiary for implementation of Taj Expressway Project comprising 165 KM 6/B lane access controlled Expressway connecting Noida and Agra and related activities including development of land and in April 11, 2007, they incorporated Bhilai Jaypee Cement Limited in Chhattisgarh as a joint venture with Steel Authority of India Limited In May 25, 2007, the company incorporated Himalyan Expressway Limited as a wholly owned subsidiary for implementation of 27.14 km long Zirakpur- Parwanoo Road Project in the States of Punjab, Haryana and Himachal Pradesh on BOT basis. During the year 2007-08, the company completed the contracts, namely Teesta- V Hydro-electric Project (510 MW) in Sikkim, Omkareshwar Hydro-electric Project (520 MW) in Madhya Pradesh and construction of civil works of Zone-III Laole-Quazigund Section of Katra-Baramullah Railway Line in JandK. Also, they handed over the 390 MW Dulhasti Hydro Electric Project in the State of Jammu and Kashmir to NHPC. They commissioned the Wind Turbine Generators with an aggregate capacity of 49 MW (40.25 MW in Maharashtra and 8.75 MW in Gujarat). During the year, the company signed an agreement with Gujarat Mineral Development Corporation Limited for setting up a 2.4 MTPA cement plant in Gujarat through a Special Purpose Vehicle, namely Gujarat Jaypee Cement and Infrastructure Limited Also, the company along with the affiliates acquired 74% equity shares in JPSK Sports Private Limited In March 2008, the company commissioned the phase I of Chunar and Dalla Cement Plants in UP and Grinding Unit at Panipat in Haryana. In April 23, 2008, the company incorporated a subsidiary namely Jaypee Arunachal Power Limited to put up a Power Project in joint venture with Government of Arunachal Pradesh. During the year 2008-09, Jaypee Hotels Limited, Jaypee Cement Limited, Jaiprakash Enterprises Limited and Gujarat Anjan Cement Limited were amalgamated with the company with effect from April 1, 2008. The company acquired Bina Power Supply Company Limited, which was incorporated to set up 1250 MW (two phases of 625 MW each) coal fired Thermal Power Plant at Bina in Madhya Pradesh. The company through their subsidiary, JPSK Sports Private Limited targets to host the very first F1 Race in India in the year 2011. During the year, the company completed the work of 450 MW Baglihar-I Hydroelectric Project in J and K State. They commissioned their Cement Plant at Dalla and Sidhi and Grinding Facilities at Sevagram. In August 2008, the company signed four MoU with Madhya Pradesh Government to invest Rs 130000.000 Millions for setting up two cement manufacturing units, an aluminium production factory and a power plant for generating power. The power generation from these units would commence from 2011-2012. In addition, the company entered into an MoU with Government of Chhattisgarh for setting up a cement plant of 2 MTPA, Clinker plant of 1.5 MTPA and a captive power plant of 25 MW in Chhattisgarh. They also entered into another MOU for, setting up an integrated aluminium complex and a captive thermal power plant in Rewa. In February 2009, the company received letter of intent from Sangam Power Generation Company Limited for setting up of 2 x 66O MW Super Critical Technology - Karchhana Thermal Power Project at Allahabad, with approved coal linkage. In May 14, 2009, MP Jaypee Coal Limited was incorporated as a joint venture with Madhya Pradesh State Mining Corporation Limited for mining and sale of Coal from Dongri Tal-II Coal Block at Singrauli in Madhya Pradesh. During the year 2009-10, the company commissioned three new cement plants with aggregate capacity of 4.4 MTPA and their clinker manufacturing unit in Himachal Pradesh. The three new cements plants were Wanakbori (1.2 MTPA), Gujarat; Bagheri (2 MTPA), Himachal Pradesh and Roorkee (1.2 MTPA) Uttarakhand. Also, the company in joint venture with SAIL commissioned the cement plant of 2.2 MTPA capacity ahead of schedule (Units in Madhya Pradesh and Chattisgarh). The company proposes to make strategic investment in Fertilizer business through their subsidiary company, namely, Jaypee Fertilizers and Industries Limited

OPERATIONS

ENGINEERING DIVISION

Works completed

During the year, following works have been completed:

(i) Civil and Structural works of Clinkerisation Unit at Satna and Grinding Unit at Bhilai of Bhilai Jaypee Cement Limited.

(ii) Civil and Hydro-mechanical works of 450MW Baglihar (Stage-I) Hydroelectric Project in Jammu and Kashmir

(iii) Construction of Drains in Parikarma Marg area for the project water drainage for Varindavan Town, District Mathura Bids Under submission

During the year, the Company participated in the Tenders for the following works :

(i) Civil and Hydro-mechanical works on EPC basis of 450 MW Shongtong – Karcham Hydroelectric Project in Himachal Pradesh;

(ii) Construction of DT, Dam, Intake, Desilting arrangement (Contract Package C1) for Punatsangchhu-II Hydroelectric Project, Bhutan;

(iii) Construction of Headrace Tunnel (HRT) from Adit-I and Adit-II (Contract Package C2) for Punatsangchhu-II Hydroelectric Project, Bhutan; and

(iv) Construction of Headrace Tunnel (from Surge Shaft end), Surge Shaft, Butterfly Valve Chamber, Pressure Shafts, Power House and Tailrace Tunnel including Hydro-mechanical works (Contract Package C3) for Punatsangchhu-II Hydroelectric Project, Bhutan While the bid of the Company for 450 MW Shongtong – Karcham HEP is under evaluation by the Client, the Company has been awarded the Works at Sr. (ii) and (iv) above, as detailed hereinbelow.

The Company has also submitted Application for Prequalification for Head Race Tunnel and Power House Complex (Dibang Lot:4) of 3000MW Dibang Multipurpose Project in Arunachal Pradesh and Development of Food Parks at Bhopal/ Ratlam/ Harda in Madhya Pradesh and is expected to be qualified for the Projects.

New Works Awarded Against the bid submitted during the year, the Company was awarded in July, 2011, two contracts by Punatsangchhu-II Hydroelectric Project Authority, Bhutan for construction of following pertaining to 990 MW Punatsangchhu II Hydroelectric Project ( A joint implementation of the Hydro Electric Project by the Royal Government of Bhutan and the Government of India) :-

(a) Diversion Tunnel, Dam, Intake and Desilting Arrangement including Hydro-mechanical works and Highway Tunnel for a contract value of Rs.1224 Crores; and

(b) Head Race Tunnel from Surge Shaft end, Surge Shaft, Butterfly Valve, Chamber, Pressure Shafts, Power House and Tailrace Tunnel including Hydro-mechanical works for a contract value of Rs.855 Crores.

OPERATIONAL PERFORMANCE

During the year the Company has successfully commissioned its 2nd Unit at Sewagram, Gujarat (1.2MTPA) and 2nd Grinding Facilities at Wanakbori, Gujarat (1.2MTPA).Cement Production has increased to 14.71 Million Tonnes in 2010-11 from 10.69 Million Tonnes in 2009-10.Cement Dispatches including Clinker Sale has also increased to 15.22 Million Tonnes in 2010-11 from 10.98 Million Tonnes in 2009-10 and to 16.16 Million Tonnes in 2010-11 from 11.22 Million Tonnes in 2009-10 after taking into account Dispatches from M/s Bhilai Jaypee Cement Limited, a JV of Jaiprakash Associates Limited and Steel Authority of India Limited (SAIL).

EXPANSION PLANS
 
The Company is expanding its Cement Production Capacity to 30.75 MTPA. An additional capacity of 4.3 MTPA is being added through Joint Ventures with Steel Authority of India Limited (SAIL) taking the Group’s total capacity to 35.05 MTPA by 2012 which shall further strengthen Jaypee Group’s position of being the 3rd largest Cement producing group in India.
 
The implementation of the on-going Projects is progressing satisfactorily.

Greens, Greater Noida, U.P. It has emerged as a preferred choice of upmarket business travellers. The Company has India’s first Greg Norman Signature Golf Course at Jaypee Greens, Greater Noida. It is the finest 18 hole Championship Golf Course. In recognition of their hospitality, the Golf Course at Jaypee Greens, Greater Noida has been conferred with the prestigious “BEST TOURISM FRIENDLY GOLF COURSE” award by the MINISTRY OF TOURISM, Govt. of India.In the close proximity to the Golf Course is Atlantis-The Club, an integrated sports complex that offers World Class sporting events and tournament facilities, rooms and conference facilities and Jaypee DelCourt, offering hospitality with a difference, offers 27 well appointed rooms and 36 service apartments making it a viable destination for corporate entrepreneurs, expats business and leisure stays.

The Company’s Hotels at New Delhi, Agra and Mussoorie have been accredited with ISO 9001 for Quality Management System (QMS), ISO 14001 for Environment Management System (EMS), ISO 22000 for Food Safety Management System (FSMS) and Hazard Analysis and Critical Control Point (HACCP).

It is the endeavour of the Company to tirelessly strive to maintain befitting growth rate in the hotel business and keep the staff and executives of the hotel well motivated and enthusiastic for facing new challenges emerging from the changing tastes of different segments of tourists and travelers and to establish a distinct niche in the hotel industry. The Company is confident to achieve better quotient of customers’ satisfaction and to achieve higher growth coupled with optimization of the resource utilization. The growth of the Tourism Industry has shown positive signs. In view of the country’s rapid economic growth the hotel industry is expected to remain buoyant.

HOTELS DIVISION

The Hotels Division of the Company has 5 five star luxury hotels, finest Championship Golf Course, Integrated Sports Complex and Town Centre strategically located to service the needs of discerning business and leisure travellers. In New Delhi, the Division has two hotels - Jaypee Siddharth with 94 rooms and Jaypee Vasant Continental with 119 rooms. The largest property of the Company Jaypee Palace Hotel and Convention Centre is located at Agra with an inventory of 341 rooms and Jaypee Residency Manor at Mussoorie has 90 rooms and 45 new rooms are being added to its inventory. Jaypee Greens Golf and Spa Resort, a prestigious presentation by Jaypee Hotels in the luxury segment, offers 170 state of art rooms and world renowned “Six Senses Spa” overlooking the Championship 18 hole Greg Norman Golf Course at Jaypee
 
 
REAL ESTATE DIVISION

Jaypee Greens, Greater Noida Spread across 452 acres, Jaypee Greens, Greater Noida is the maiden golf centric residential project of the Company. The project integrates Luxury Villas and Apartments with an 18 Hole Greg Norman Signature golf course, 9 hole chip and putt golf course, landscaped parks and lakes along with an integrated sports complex, 60 acre Nature Reserve, a 5 star spa resort, Town Centre etc. During the year under report, Jaypee Greens Greater Noida has bagged several prestigious International awards including the “Best Golf Course- India” at Asia Pacific Property Awards 2011. A new residential development “The Castille Apartments” have also been introduced which offers uninterrupted views of 18 hole golf course.

Jaypee Greens Wish Town Noida Second real estate project - Jaypee Greens Noida being developed by Jaypee Group is an epitome of extraordinary living. Spread over 1162 acres, it has been designed as a new and exciting place to live, work and play. It offers wide range of residential options from independent homes to high-rise apartments and penthouses, along with host of other amenities such as numerous Graham Cooke designed golf facilities, Super specialty medical centers, educational facilities, landscaped parks and lakes, various recreational facilities and entertainment centers.Within the Noida development, new residential communities – Jaypee Greens The Orchards, Jaypee Greens Krescent Homes, Jaypee Greens Pebble Beach Residences, have been introduced which are a combination of low, mid and high rise residential apartments. Kingswood Oriental Villas, one of the most luxurious offering by Jaypee Greens, also won the “Highly recommended Multiple Units Residential PropertyAward at the Asia Pacific Property Awards 2011. Jaypee Greens AMAN Jaypee Greens third residential project Jaypee Greens AMAN at Sector 151 is located on the fast developing NoidaGreater Noida expressway and offers 2 and 3 BHK apartments. Spread over 70 acres, the project also comprises Chip and Putt golf course, Gardens, Walkways, Fountains, Sports facilities, Social amenities like Shopping Complex, Social Club with Swimming pools, Gymnasiums. Primary and Senior Secondary Schools, Crèche, Kid’s play area etc. At present phase II of the project has been launched. The new phase has 2/3 BHK apartments that offers beautiful views of lush green landscapes, pitch and putt golf course and aesthetically designed streetscapes assuring calm, convenient and complete lifestyle. Jaypee Greens Sports City The Jaypee Greens Sports City located on the Yamuna Expressway, spread over 5000 acres, is the latest project launched by Jaypee Greens and comprises of India’s first International Motor racing track scheduled to host India’s first F1 race in October, 2011, International standard cricket stadium, a 15.7 Kms long green boulevard and much more. The development will be divided into various thematic districts offering commercial, residential and institutional facilities. The Commercial zone will offer well defined areas for elaborate financial and civic centers, along with this Residential Districts which will have a vast range of products including villas, town homes, residential plots and mid to high rise apartment blocks, with regular water supply and 24 hours electric power supply, to suit the requirements of all. A new residential community of high rise apartments - The Kove has been introduced in the market. The luxurious apartments are set amidst a healthy and pollution free neighborhood with numerous other facilities like a pitch and putt golf course, various themed gardens, children play areas etc. The work on all these projects being developed and marketed by the Company is progressing satisfactorily.

DIVERSIFICATION

WIND POWER PROJECT

The Company has been operating Wind Power Project of 49 MW (40.25 MW in Maharashtra and 8.75 MW in Gujarat), which was fully commissioned on 31st March, 2008. Out of the aggregate capacity of 49 MW, 16.25 MW (13 generators each of 1.25 MW) was commissioned during December 2006 to March 2007 at Dhule in Maharashtra. The remaining 32.75 MW was commissioned at Sangli, Maharashtra (24 MW- 16 generators each of 1.5 MW) during September 2007 to March 2008 and at Kutchh, Gujarat (8.75 MW- 7 generators each of 1.25 MW) in March 2008. The electricity generated from the project is being sold to Maharashtra State Electricity Distribution Company Limited (MSEDCL) in Maharashtra and Gujarat Urja Vikas Nigam Limited (GUVNL) in Gujarat. The energy sold and the revenue from sale of electricity during the year under report were 78.8 Mn units and Rs.298.100 millions against 86.7 Mn units and Rs.317.600 millions respectively in the year 2009-10.

DEVELOPMENT OF COAL BLOCKS IN MADHYA PRADESH

(a) Madhya Pradesh Jaypee Coal Limited (MPJCL) was incorporated on May 14, 2009, as a joint venture with Madhya Pradesh State Mining Corporation Limited. (MPSMCL) for mining and sale of Coal from Dongri Tal-II Coal Block at Singrauli in Madhya Pradesh. MPSMCL holds 51% of the issued equity shares of MPJCL in consideration for the mining rights granted to the Joint Venture Company and the Company holds 49% equity in the Joint Venture Company. The JV Company is thus treated as a Government Company within the meaning of Section 617 of the Companies Act, 1956. The progress of the Project is satisfactory.

(b) Madhya Pradesh Jaypee Coal Fields Limited (MPJCFL) was incorporated on January 4, 2010, as a joint venture with Madhya Pradesh State Mining Corporation Limited (MPSMCL) for mining and sale of coal from Mandla (South) Coal Block in District Chhindwara (M.P.). MPSMCL holds 51% of the issued equity capital of MPJCFL in consideration for the mining rights granted to the JVC from Mandla (South) Coal Block and JAL holds 49% of the equity capital in the said company. The JV Company is thus treated as a Government Company within the meaning of Section 617 of the Companies Act, 1956. The Company has received various clearances and necessary steps are being taken to obtain the remaining clearances including Environment Clearance.

(c) Madhya Pradesh Jaypee Minerals Limited (MPJML) is a joint venture of the Company with Madhya Pradesh State Mining Corporation Limited (MPSMCL) for developing a Coal Block at Amelia (North) in Singrauli District in the State of Madhya Pradesh. This Company is also treated as Government Company within the meaning of Section 617 of the Companies Act, 1956, as MPSMCL holds 51% of the Equity of MPJML which has been allotted to it in consideration for the mining rights granted to the company, and balance 49% is held by the Company.

Project activities relating to Mine Development have been completed. Various statutory approvals/ clearances including permission from the MP Pollution Board to operate under Air Act, 1981 and Water Act, 1984, purchase of 728.75 Ha of tenancy land from Govt. of MP for compensatory afforstation including getting Gazette Notification issued, approval of Eco-restoration Plan from PCCF, Bhopal are in place. The Company is now awaiting final clearance from the Ministry of Environment and Forest to start mining of Coal from Amelia (North) Coal Block.

(d) The Company had been awarded rights for mining of coal in Mandla (North) Coal Block in Distt Chhindwara (MP). Necessary steps have been taken to obtain various clearances including Environment Clearance Coal from this Block shall be available for captive consumption for Cement Division of the Company

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

ECONOMIC OVERVIEW

According to the latest numbers made available by Central Statistical Office (CSO), India’s GDP at factor cost at constant prices registered an increase of 8.5 percent in the year 2010 11 This revised estimate of 8.5 percen growth for GDP in 2010-11 only a shade below the advance estimates that had pegged GDP growth for 2010-11 at 8.6 percent. The GDP growth range for the year 2011-12 is expected to be 8 to 8.5 percent The inputs and projections provided by various participating economists show that while the agriculture and allied activities sector is projected to grow by 3.7 percent this year, industry and services sector are poised to grow by 8 percent and percent respectively.

The key risks to growth in India in the current year are the negative impact of continuous tightening of monetary policy by RBI and a slowdown in global growth due to various reasons such as high international oil prices etc.

OPERATIONAL PERFORMANCE

Their real estate projects are conceptualized keeping in mind the concept of gated community with all modern amenities essential for the Indians looking to settle down in townships mirroring images of developed India. They believe the affordable pricing structure and wide range of available layouts of individual units at their existing developments, including 620 square feet for a one-bedroom unit up to 2,300 square feet for a four bedroom unit at Jaypee Greens Klassic, may also appeal to a broad demographic. Furthermore, because their developments are designed as integrated townships with a wide range of planned educational recreational, commercial and retail facilities, we believe they will appeal to diverse mix of potential residents. During the year, the group launched prestigious residential projects like The Castille Apartments, Jaypee Greens The Orchards, Jaypee Greens Krescent Homes, Jaypee Greens Pebble Beach Residences, Kingswood Oriental Villas and Aman

II. It received encouraging response to these projects.

OUTLOOK

Subject is an established growth record as a leading infrastructure Company with decisive competitive advantages. We believe that the next decade in India belongs to infrastructure sector. While even the smallest constituents of infrastructure sector will immensely benefit from it, Jaiprakash Associates Limited. Shall not only benefit from the ensuing growth phase of Infrastructure but actually lead the Infrastructure development of India. Its future outlook appears bright for the following reasons:

• It is “Right Placed” in the core infrastructure sectors of cement, power, roads, and realty

• It has “Right Blend” i.e. diverse business mix leading to derisked business model

• It is “Right Scaled” as it has leadership positions in almost all of its business domains and scaling up of capacities across

All of them. Ready and rolling capacities will help it maximize from the growing demand

• It has the “Right Span” from northern to southern India, western to eastern through central India within its span of reach. It is based on the above facts that the Company’s outlook appears very positive and the Company shall continue growing at a rate higher than the economy and most of the industry sub-verticals it operates in.

OUTLOOK

Keeping in view the performance and future prospects of the Company’s business, the expansions and diversifications being undertaken and the business of its subsidiaries, The Company is poised for sustained growth and the outlook is bright.

FIXED ASSETS

· Land

· Building

· Purely Temporary Erections

· Railway siding

· Plant and Machinery

· Captive Thermal Power Plant

· Wind Turbine generators

· Golf Course

· Miscellaneous Fixed Assets

· Motor Vehicles

· Furniture and Office Equipment

· Ships: Boat

· Aeroplane / helicopter

· Technical Books

AS PER WEB DETAILS

BUSINESS DESCRIPTION

Subject is a diversified infrastructural industrial conglomerate in India. Company’s business includes six sectors: engineering and construction, manufacture and marketing of cement, energy (power, transmission, oil and gas), expressways, real estate and hospitality. Subject has executed hydropower projects spread across 6 states and the neighboring country Bhutan, generating 10,290 megawatts power. It is the hydropower producer with its operational projects of 300 megawatts Baspa-II (Himachal Pradesh), 400 megawatts Vishnuprayag (Uttarakhand) and 1000 megawatts Karcham Wangtoo (Himachal Pradesh). JAL produces Portland pozzolana cement under the brand name Jaypee cement. Its hospitality business owns and operates 6 properties spread across New Delhi, Uttar Pradesh and Uttarakhand. JAs Jaypee Greens complex consists of an 18 hole Greg norman golf course. On February 19, 2011, the Company acquired Jaypee Cement Corporation Limited for the fiscal year ended 31 March 2010, Company’s revenues increased 62% to RS81.05B. Net income totaled RS11.19B, up from RS4.2B. Revenuesreflects an increase in cement sales, higher revenue from construction segments and increased income from infrastructure projects. Net income also reflects a decrease in loss on sale of assets and improved operating and gross profit margins

BOARD OF DIRECTORS

Sarat Kumar Jain - Non-Executive Vice Chairman of the Board - Vice-Chairman

Mr. Sarat Kumar Jain is Non-Executive Vice Chairman of the Board of Jaiprakash Associates Limited He is a gaduate in Science. He has been responsible for the execution of various Hydro-Power projects over last 49 years. He is Director on the Board of Jaiprakash Hydro-Power Limited, Jaypee Ganga Infrastructure Corporation Limited, Jaypee Ventures Private Limited and Essjay Enterprises Private Limited

Sunil Kumar Sharma - Executive Vice Chairman of the Board - Vice-Chairman

Subhash Chandra Bhargava - Non-Executive Independent Director - Director/Board Member

Mr. Subhash Chandra Bhargava is Non-Executive Independent Director of Jaiprakash Associates Limited He is a Chartered Accountant by profession. He had a career wiih LIC of India. Shri. Bhargava is Non-Executive Chairman of L and FS Academy for Insurance and Finance Limited, IL and FS Insurance and Risk Management Services Limited, OTC Exchange of India and OTC Securities Limited He is Directer on the Boards of Adita Birla Nuvo Limited. Escorts Limited, Jaiprakash Enierprises Limited, Jaiprakash Power Ventures Limited, Jaypee Cement Limited DCM Shriram Consolidated Limited, Srei Veniures Capital Limited, Swaraj Engine Limited, UTI AMC Private Limited Mudra Lifestyles Limited and ALL Bank Finance Limited

Sunny Gaur - Managing Director - Cement, Executive Director - Director/Board Member

Mr. Sunny Gaur is Managing Director - Cement, Executive Director of Jaiprakash Associates Limited He is a graduate from Delhi University, is presently Managing Director (Cement) of the Company and has experience of over 20 years in various aspects of the cement business, including setting up of cement plants, operation and maintenance of cement plants, finance, accounts and general administration. He has been part of the senior leadership, which faced challenges of recession and brings with him an entrepreneur approach to various complex situations. He is Managing Director of Madhya Pradesh Jaypee Minerals Limited, Chairman of Bhilai Jaypee Cement Limited, Bokaro Jaypee Cement Limited and Director on the Boards of Jaypee Ganga Infrastructure Corporation Limited, Prayagraj Power Generation Company Limited, Jaypee Agra Vikas Limited, MP Jaypee Coal Limited, MP Jaypee Coal Fields Limited, Jaiprakash Agri Initiatives Company Limited, Himalyaputra Aviation Limited, Jaypee Ventures Private Limited, Jaypee Infra Ventures (A Company with Unlimited Liabilities) and Jaypee Mining Ventures Private Limited He is also a member of Audit Committee of Madhya Pradesh Jaypee Minerals Limited, Jaypee Ganga Infrastructure Corporation Limited and Prayagraj Power Generation Company Limited

Pankaj Gaur - Joint Managing Director - Construction, Executive Director - Director/Board Member

Mr. Pankaj Gaur is Joint Managing Director - Construction, Executive Director of Jaiprakash Associates Limited He holds B.E (instrumentation) has 15 years of experience. He worked at Jaypee Rewa and Jaypee Bela Cement plants from 1993 to 1998. From 1999 to 2004, be had been looking after the Tala Hydr and electric Project executed by the Company in Butan. Since 2005, he is the team for development of Srisailam Project in Andbra Pradesh. He was a Whole-time Director on the Board of erstwhile Jaiprakash Industries Limited He is also a Director on the Boards of Jaypee Arunachal Power Limited, Jaypee Veniures Private Limited and Pee Gee Estates Private Limited

Basant Kumar Goswami - Non-Executive Independent Director - Director/Board Member

Mr. Basant Kumar Goswami is Non-Executive Independent Director of Jaiprakash Associates Limited He holds a Masters degree in English from University of Delhi. He joined Indian Administrative Service in 1960. He has hold prestigious positions in various Government Departments including Chairman, Tea Board of India, Chief Secretary, Government of Jammu and Kashmir Secretary Deptment of Civil Supplies, Secretary Tourism, Govt of India, Advisor to Governors of UP and Jammu and Kashmir, Bosidos the above, he was Chairman of J and K Tourism Development Corporation, Board of Governors of Institute of Hotel Management & Catering Technology, Bombay and New Delhi and the Task Force on Tourism instituted by Govt. of Kerala. He also served as Director on the Boards of Indian Tourism Development Corporation, Indian Airlines, Air India, Rajasthan Tourism Development Corporation, erstwhile Jaiprakash Industries Limited, and erstwhile Jaypee Greens Limited. He was also Trustee of Consumer Education and Research Centre, Ahmedabad, Mata Vaishno Dcvi Shrine Board and Jim Corbett Foundation. Presently he is on the Boards of Taj Kerala Hotels and Resods Limited, Guest Venture Coordinators (P) Limited, Global Trust Capital Finance Limited, Mata Securities (Private) Limited, The Great India Aviation Securities FyI, Limited, American Hotels and Restaurants Private, Limited, L H Sugar Factories Limited, Blue Coast Hotels and Resods Limited and Hedtage Nonib East Private Limited

S. C. Gupta - Non-Executive Independent Director - Director/Board Member

Mr. S. C. Gupta, B.Sc., B.Arch., PG.DIP. T and CP is Non-Executive Independent Director of Jaiprakash Associates Limited He is a fellow of Institute of Town Planning of India (FITPI). He is an accomplished Planner with over 38 years of experience in the field of Urban Development Planning. He retired as Additional Commissioner (Planning) from the Delhi Development Authority (DDA) in 1994. He is also a Professor of Planning at the School of Planning and Architecture, New Delhi. He is a senior advisor to the Association of Metropolitan Development Authorities and the Delhi Urban Arts Commission. As a consultant to the Asian Development Bank (ADB), he gave advice to Government of Uttarakhand on projecting Disaster management needs for Urban Development in the State. As an Independent Professional, he has undertaken a number of consultancy projects, most prominently as Urban Planner for the Special Economic Zone (SEZ) in Mundra, Gujarat. He is also Director on the Board of Jaypee Infratech Limited, Jaypee Development Corporation Limited, TLC International Limited, Preferred Card Marketing Private Limited, Goodtimes Marketing Private Limited, TLC Relationship Management Private Limited, SLS Software Private Limited and Sureni Holdings Private Limited He is neither a Chairman nor a member of any of the Committees of the Board of Directors of the Companies of which he is a Director

Rahul Kumar - Chief Financial Officer, Whole-time Director - Director/Board Member

Mr. Rahul Kumar is Chief Financial Officer, Whole-time Director of Jaiprakash Associates Limited, since October 31, 2010. He is a Chartered Accountant having an experience of 12 years and is presently looking after the marketing setup of the cement produced by the Company at Rewa and Bela. Shri. Rahul Kumar is also a Director of Jaypee Ventures Limited

Shyam Datt Nailwal - Director - Finance, Whole-time Director - Director/Board Member

Mr. Shyam Datt Nailwal is Director - Finance, Whole-time Director of Jaiprakash Associates Limited He is a is a fellow member of the Institute of Company Secretaries of India with 42 years experience in the fields of project financing, corporate planning and secretarial work. Mr. Nailwal is a Director on the Boards of Jaypee Arunachal Power Limited, Jaypee Fertilizers and Industries Limited, Himalyaputra Aviation Limited, Jaypee Uttar Bharat Vikas Private Limited and Jaypee Meghalaya Power Limited He is a member of Finance Committee and Shareholder Investors Grievance and Share Transfer Committee of the Board of Directors of the Company. He is also a member of Audit Committee of Jaypee Arunachal Power Limited and Remuneration Committee of Jaypee Fertilizers and Industries Limited

R. K. Singh - Whole-time Director - Director/Board Member

Mr. R. K. Singh is Whole-time Director of Jaiprakash Associates Limited He is a Science Graduate from Agra University and Bachelor of Engineering (Hons.) in Civil Engineering from University of Roorkee securing top position. Mr. Singh has and varied experience of over 41 years to his credit. He had held various key positions including Member, Public Enterprises Selection Board, Chairman, Railway Board (Ex. Officio Principal Secretary to Government of India), Chairman, RITES Limited, IRCON International Limited, and RAIL Vikas Nigam Limited Presently Mr. Singh is Managing Director of Bokaro Jaypee Cement Limited, and Director on the Board of Jaypee Agri Initiatives Company Limited He is neither a Chairman nor a member of any of the Committees of the Board of Directors of the Companies of which he is a Director

M. S. Srivastava - Non-Executive Director - Director/Board Member

Mr. M. S. Srivastava is Non-Executive Director of Jaiprakash Associates Limited He is B.Sc., B.E. and M.E. with specialisation in Dam Design, Hydraulic and Irrigation Engineering, having 42 years of experience in the field of Civil Engineering Construction to his credit. He is Director of Jaiprakash Kashmir Energy Limited

Bal Krishna Taparia - Non-Executive Independent Director - Director/Board Member

Mr. Bal Krishna Taparia is Non-Executive Independent Director of Jaiprakash Associates Limited He holds degree in M. Com. and is a Cetified Associate of Indian Institute of Bankers. Mr. Taparia has been a Banker and Ex-Chairman and Managing Director of Industrial Reconstruction Bank of India (presently known as Industrial Investment Bank of India Limited). He is Directer on the Boards of Jaypee Hotels Limited, Jaiprakash Hydro-Power Limited, Jaiprakash Power Ventures Limited and Jaiprakash Enterprises Limited

Sunny Gaur- Managing Director - Cement, Executive Director - Managing Director

Mr. Sunny Gaur is Managing Director - Cement, Executive Director of Jaiprakash Associates Limited He is a graduate from Delhi University, is presently Managing Director (Cement) of the Company and has experience of over 20 years in various aspects of the cement business, including setting up of cement plants, operation and maintenance of cement plants, finance, accounts and general administration. He has been part of the senior leadership, which faced challenges of recession and brings with him an entrepreneur approach to various complex situations. He is Managing Director of Madhya Pradesh Jaypee Minerals Limited, Chairman of Bhilai Jaypee Cement Limited, Bokaro Jaypee Cement Limited and Director on the Boards of Jaypee Ganga Infrastructure Corporation Limited, Prayagraj Power Generation Company Limited, Jaypee Agra Vikas Limited, MP Jaypee Coal Limited, MP Jaypee Coal Fields Limited, Jaiprakash Agri Initiatives Company Limited, Himalyaputra Aviation Limited, Jaypee Ventures Private Limited, Jaypee Infra Ventures (A Company with Unlimited Liabilities) and Jaypee Mining Ventures Private Limited He is also a member of Audit Committee of Madhya Pradesh Jaypee Minerals Limited, Jaypee Ganga Infrastructure Corporation Limited and Prayagraj Power Generation Company Limited

Pankaj Gaur - Joint Managing Director - Construction, Executive  - Managing Director

Mr. Pankaj Gaur is Joint Managing Director - Construction, Executive Director of Jaiprakash Associates Limited He holds B.E (instrumentation) has 15 years of experience. He worked at Jaypee Rewa and Jaypee Bela Cement plants from 1993 to 1998. From 1999 to 2004, be had been looking after the Tala Hydr and electric Project executed by the Company in Butan. Since 2005, he is the team for development of Srisailam Project in Andbra Pradesh. He was a Whole-time Director on the Board of erstwhile Jaiprakash Industries Limited He is also a Director on the Boards of Jaypee Arunachal Power Limited, Jaypee Veniures Private Limited and Pee Gee Esiates Private Limited

Shyam Datt Nailwal - Director - Finance, Whole-time Director - Finance Executive

Mr. Shyam Datt Nailwal is Director - Finance, Whole-time Director of Jaiprakash Associates Limited He is a is a fellow member of the Institute of Company Secretaries of India with 42 years experience in the fields of project financing, corporate planning and secretarial work. Mr. Nailwal is a Director on the Boards of Jaypee Arunachal Power Limited, Jaypee Fertilizers and Industries Limited, Himalyaputra Aviation Limited, Jaypee Uttar Bharat Vikas Private Limited and Jaypee Meghalaya Power Limited He is a member of Finance Committee and Shareholder / Investors Grievance and Share Transfer Committee of the Board of Directors of the Company. He is also a member of Audit Committee of Jaypee Arunachal Power Limited and Remuneration Committee of Jaypee Fertilizers and Industries Limited

PRESS RELEASE

JAIPRAKASH TO OUTPERFORM RELIANCE INFRA – BARCAP

JULY 24, 2012

Reuters Market Eye - Barclays Capital initiates coverage of Indian engineering and construction firm Jaiprakash Associates (JAIA.NS) with an "overweight" rating and a target price of 99 rupees, but starts Reliance Infrastructure (RLIN.NS) at "equal weight" and a target price of 598 rupees.

BarCap says prefers Jaiprakash Associations, citing better returns on equity, "strong" EBITDA growth and better near-term catalysts.

Barclays says expects Jaiprakash's EBITDA to grow at a compounded pace of 27 percent by fiscal 2015, compared to 14 percent for Reliance Infrastructure.

The brokerage adds Jaiprakash' planned stake sale in unit Jaypee Cement, and the redemption of $524 million in foreign currency convertible bonds will act as near-term catalysts for the stock.

JP Associates gains 0.5 percent to 74.45 rupees, while Reliance Infra adds 0.6 percent to 509.20 rupees.

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. 54.25
UK Pound	1	Rs. 87.00
Euro	1	Rs. 69.83

INFORMATION DETAILS

Report Prepared by :

NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		64

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.