MIRA INFORM REPORT

Report Date :

16.11.2012

IDENTIFICATION DETAILS

Name :	SEW INFRASTRUCTURE LIMITED
Formerly Known As :	SEW CONSTRUCTION LIMITED
Registered Office :	6-3-871, Snehalatha, Greenlands Road, Begumpet, Hyderabad – 500016, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	08.02.1983
Com. Reg. No.:	01-003796
Capital Investment / Paid-up Capital :	Rs.479.271 Millions
CIN No.: [Company Identification No.]	U45200AP1983PLC003796
Legal Form :	Closely Held Public Limited Liability Company
Line of Business :	Construction Activity
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (62)

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 28800000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having good track. The financial position of the company appears to be strong and healthy. Management appears to be well experienced and knowledgeable businessmen. Trade relations are reported as trust worthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good 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

INDIAN ECONOMIC OVERVIEW

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

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	FITCH
Rating	A + [Secured Non Convertible Debenture]
Rating Explanation	The capacity for payment of financial commitments is considered strong.
Date	20.09.2012

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

LOCATIONS

Registered Office / Head Office :	6-3-871, Snehalatha, Greenlands Road, Begumpet, Hyderabad – 500016, Andhra Pradesh, India
Tel. No.:	91-40-66300000
Fax No.:	91-40-23405016 / 23417553
E-Mail :	mail@sewinfrastructure.com sewconhyd@eth.net cs@sewinfrastructure.com
Website :	http://sewinfrastructure.com
Regional Office :	LOCATED AT: · New Delhi · West Bengal · Andhra Pradesh

DIRECTORS

AS ON 29.09.2011

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

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U40101AP1997PLC028298	SEW RHO POWER CORPORATION LIMITED	Director	28-11-97	28-11-97	31-08-09	Active	NO
2	U40106AP1996PLC022929	INDUS BUSINESS SYSTEMS LIMITED	Managing director	01-10-09	01-07-98	04-06-10	Active	NO
3	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Managing director	01-10-11	12-09-98	-	Active	NO
4	U85110AP1985PTC006011	ADITYA HOSPITALS PRIVATE LIMITED	Director	10-11-01	10-11-01	-	Active	NO
5	U45309WB2006PLC108996	WEST BENGAL SEW PRASAD INFRASTRUCTURE LIMITED	Nominee director	20-06-08	19-04-06	-	Active	NO
6	U45201MH2006PTC164648	SEW VIDARBHA INFRASTRUCTURE PRIVATE LIMITED	Director	15-09-06	15-09-06	09-01-08	Active	NO
7	U70102AP2007PLC052663	SEW REALTY LIMITED	Director	07-02-07	07-02-07	-	Active	NO
8	U40101AP2007PLC052941	SEW GREEN ENERGY LIMITED	Director	23-02-07	23-02-07	23-08-07	Active	NO
9	U70102MH2007PTC168858	CSVT HOMES PRIVATE LIMITED	Director	16-03-07	16-03-07	07-07-08	Strike off	NO

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

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Whole-time director	01-10-11	09-09-83	-	Active	NO
2	U45202PN1998PLC013152	SEW CONSTRUCTIONS (MAHARASHTRA) LIMITED	Director	18-12-99	18-12-99	-	Active	NO
3	U40105AP2008PLC058508	SEW NAFRA POWER CORPORATION LIMITED	Director	29-09-10	01-04-10	-	Active	NO
4	U40101AP2007PLC052941	SEW GREEN ENERGY LIMITED	Director	29-09-10	01-07-10	-	Active	NO
5	U40108AP2010PLC069326	SEW RANGMAW POWER CORPORATION LIMITED	Director	06-07-10	06-07-10	-	Active	NO

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

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Whole-time director	01-10-11	01-10-89	-	Active	NO
2	U80301AP1999PTC031960	SAMAIKYA EDUCATIONS PRIVATE LIMITED	Director	23-06-99	23-06-99	-	Active	NO
3	U24299AP2003PLC042010	RA'PURE LIFE SCIENCES LIMITED	Director	05-11-03	05-11-03	-	Active	NO
4	U24239AP2006PLC050996	NEOCARE NATURALS LIMITED	Director	28-08-06	28-08-06	-	Active	NO
5	U40101AP2007PLC052941	SEW GREEN ENERGY LIMITED	Additional director	23-08-07	23-08-07	01-07-08	Active	NO
6	U40105AP2008PLC058508	SEW NAFRA POWER CORPORATION LIMITED	Nominee director	02-04-08	02-04-08	01-07-08	Active	NO

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

Other Directorship:

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

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

Other Directorship:

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

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

Other Directorship:

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

Name :	Mr. Yadav Rahul Kumar
Designation :	Director
Address :	The Haven Nalagarh Road, Pinjor, Haryana, India
Date of Birth/Age :	27.08.1963
Date of Appointment :	26.09.2007
DIN No.:	01649493

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45200AP2001PLC038175	INDU PROJECTS LIMITED	Director	29-12-06	29-12-06	-	Active	NO
2	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Nominee director	29-05-07	29-05-07	-	Active	NO
3	U99999MH1995PLC087498	SHAREKHAN LIMITED	Director	12-09-07	17-08-07	-	Active	NO
4	U51909DL2004PLC126962	SVIL MINES LIMITED	Director	31-12-08	25-08-08	-	Active	NO
5	U24300DL2003PLC123687	INTERNATIONAL CARS AND MOTORS LIMITED	Nominee director	30-09-08	30-09-08	08-04-09	Active	NO
6	U74899DL1995PLC073245	INTERNATIONAL TRACTORS LIMITED	Nominee director	30-09-08	30-09-08	08-04-09	Active	NO
7	L24116UP1978PLC004624	JUBILANT LIFE SCIENCES LIMITED	Director	28-08-09	14-10-08	07-07-10	Active	NO
8	L99999DN1982PLC000128	JBF INDUSTRIES LIMITED	Additional director	26-09-09	24-09-09	23-08-10	Active	NO
9	L27106WB1987PLC042756	HIMADRI CHEMICALS AND INDUSTRIES LIMITED	Nominee director	28-05-10	28-05-10	-	Active	NO
10	U65993AP1995PLC019471	IND-BARATH POWER INFRA LIMITED	Additional director	29-07-11	29-07-11	-	Active	NO
11	U67120MH1996PLC100108	ANAND RATHI FINANCIAL SERVICES LIMITED	Nominee director	20-09-11	20-09-11	-	Active	NO

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

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L63010GJ1992PLC018106	GUJARAT PIPAVAV PORT LIMITED	Director	23-06-09	22-09-06	15-12-09	Active	NO
2	L35110GJ1997PLC033193	PIPAVAV DEFENCE AND OFFSHORE ENGINEERING COMPANY LIMITED	Director	13-07-07	08-03-07	18-12-09	Active	NO
3	U31101DL2006PLC148862	BHILWARA ENERGY LIMITED	Director	29-09-07	21-08-07	-	Active	NO
4	U74899DL1995PTC073510	JACOB BALLAS CAPITAL INDIA PRIVATE LIMITED	Alternate director	07-12-09	07-12-09	08-12-09	Active	NO
5	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Nominee director	27-09-10	29-03-10	-	Active	NO
6	U45201DL1999PLC195937	PNC INFRATECH LIMITED	Nominee director	29-09-11	12-01-11	-	Active	NO
7	U74999MH1993PTC074683	DBM GEOTECHNICS AND CONSTRUCTIONS PRIVATE LIMITED	Additional director	23-02-12	23-02-12	-	Active	NO

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

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L26942AP1979PLC002485	KAKATIYA CEMENT SUGAR AND INDUSTRIES LIMITED	Director	31-01-01	31-01-01	-	Active	NO
2	U40101AP1997PLC037013	KONASEEMA GAS POWER LIMITED	Director	15-07-03	15-07-03	-	Active	NO
3	U31909AP1980PLC002697	VIJAI ELECTRICALS LIMITED	Director	01-06-10	12-03-05	-	Active	NO
4	L45201AP1987PLC007959	IVRCL LIMITED	Director	30-09-05	30-09-05	-	Active	NO
5	U40101DL2005PLC141611	COUNTRYWIDE POWER TRANSMISSION LIMITED	Director	15-12-06	06-01-06	-	Active	NO
6	U45201DL2005PTC139695	ABIR INFRASTRUCTURE PRIVATE LIMITED	Additional director	17-08-09	17-08-09	12-06-10	Active	NO
7	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Director	27-09-10	27-05-10	-	Active	NO
8	U31908AP2007PLC058993	ATHENA CHHATTISGARH POWER LIMITED	Managing director	13-08-10	29-06-10	-	Active	NO
9	L70100AP1996PLC024459	IVRCL ASSETS AND HOLDINGS LIMITED	Director	15-09-11	12-02-11	-	Active	NO
10	L26914AP1983PLC004249	REGENCY CERAMICS LIMITED	Director	29-09-11	27-07-11	-	Active	NO

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

Other Directorship:

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L27100MH1973PLC016617	SARDA ENERGY AND MINERALS LIMITED	Director	30-09-08	04-03-08	-	Active	NO
2	U11102DL2008PTC184175	FORWARD ENERGY PRIVATE LIMITED	Nominee director	01-06-10	01-06-10	30-09-11	Active	NO
3	U75111DL2000PTC108494	MDL ENERGY PRIVATE LIMITED	Director	01-08-10	01-08-10	-	Active	NO
4	U51420MH2008PLC187689	SARDA METALS AND ALLOYS LIMITED	Director	30-09-10	20-08-10	-	Active	NO
5	U45200AP1983PLC003796	SEW INFRASTRUCTURE LIMITED	Director	29-09-11	27-09-10	-	Active	NO
6	U11200DL2010PTC209353	MDL OFFSHORE (INDIA) PRIVATE LIMITED	Director	23-06-11	23-06-11	-	Active	NO
7	U29219DL2006PTC156146	VIK-SANDVIK DESIGN INDIA PRIVATE LIMITED	Director	21-07-11	21-07-11	-	Active	NO

KEY EXECUTIVES

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

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.09.2011

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

AS ON 02.04.2012

Names of Allottee	No. of Shares
Yes Bank Limited, India	50000000

AS ON 29.09.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	3.44
Bodies corporate	1.83
Directors or relatives of directors	47.48
Other top fifty shareholders	29.53
Venture capital	17.72
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Construction Activity

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

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

· Axis Bank Limited, SC Centre,5-2-183/184, III Floor, Secunderabad-500003, Andhra Pradesh, India

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loans banks	1681.472	349.838
Rupee term loans others	257.069	0.000
Foreign currency loans	95.744	0.000
Other external commercial borrowings	138.000	0.000
Working capital loans	2583.730	1336.680
Hire purchase installment payable	722.749	897.391
TOTAL	5478.764	2583.909
Unsecured Loan	As on 31.03.2011 [Rs. in Millions]	As on 31.03.2010 [Rs. in Millions]
Rupee term loans banks	400.000	300.000
Rupee term loans others	0.000	150.000
Working capital loans	121.880	94.816
TOTAL	521.880	544.816

Banking Relations :	--
Financial Institution :	SREI Equipment Finance Private Limited, Vishwakarma, 86C, Topsia Road, Kolkata-700046, West Bengal, India
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountant
Address :	1-8-384 and 385, 3^rd Floor, Gowra Grand, S.P. Road, Begumpet, Secunderabad – 500003, Andhra Pradesh, India
PAN No:	AACFD3771D
Subsidiaries and step down subsidiaries :	· SEW Green Energy Limited (Formerly SEW Energy Limited) [U40101AP2007PLC052941] · SEW Transportation Networks Limited (Formerly SEW Highways Limited) [U45203AP1997PLC026884] · SEW Power Limited (Formerly SEW Solar Power Limited) [U40104AP2009PLC066442] · SEW Realty Limited [U70102AP2007PLC052663] · SEW Navayuga Barwani Tollways Private Limited [U45200AP2007PTC056237] · SEW Constructions (Maharashtra) Limited [U45202PN1998PLC013152] · SEW International Holdings Private Limited · Sree Venkateswara Power and Utilities Limited [U40104AP2001PLC037125] · Balaji Industrial Treatment Systems Limited [U90000AP2011PLC072835] · SEW Trident Global Pte Limited, Singapore · SEW Nyukcharong Chu Power Corporation Limited [U40101AP2008PLC060107] · SEW Mago Chu Power Corporation Limited [U40105AP2008PLC060189] · SEW Rho Power Corporation Limited [U40101AP1997PLC028298] · SEW Rangmaw Power Corporation Limited [U40108AP2010PLC069326] · SEW Thermal Power Corporation (AP) Limited [U40108AP2010PLC068928] · SEW Thermal Power Corporation (Jharkhand) Limited · SEW Nafra Power Corporation Limited [U40105AP2008PLC058508] · SEW Bellary Highways Limited [U45400AP2010PLC069982] · SEW Krishnagar Baharampore Highways Limited [U45400AP2011PLC073116] · SEW Vizag Port Terminal Limited [U45400AP2011PLC073484] · SEW Carbons Limited [U23203AP2010PLC070842] · SEW Thermal Power Corporation Limited [U40108AP1999PLC031522] · SEW Trident Commodities Pte Limited, Singapore · Trident Coal and Energy Pte Limited, Singapore · SEW Trisula Global PT, Indonesia
Jointly Controlled Entities :	· DANS Energy Private Limited [U72900DL2003PTC119047] · Dezign Elementz Consultants Private Limited [U93000AP2008PTC061110] · TT Energy Private Limited [U40102DL2006PTC150487] · SEW Vidarbha Infrastructure Limited [U45201MH2006PTC164648] · West Bengal SEW Prasad Infrastructure Limited [U45309WB2006PLC108996]
Other Related Party :	Intercontinental Infrastructure Limited [U45200AP2003PLC040845]
Jointly Controlled Operations :	· IVRCL – SEW and Prasad · IVRCL – Navayuga – SEW · SEW – Coastal · Navayuga – IVRCL and SEW · SEW and Precision · SEW – Prasad and KCPL · PES and SEW · SEW and Prasad · SEW – Jyothi · SEW and KCPL · SEW – MEIL – BHEL · IVRCL – SEW – WPIL · HCC – SEW – MEIL · HCC – SEW – MEIL – AAG · SEW – Om Metals · SEW, MEIL, ZVST and AAG · Patel – SEW · Sabir, SEW and Prasad · Progressive – SEW – BEML · CRSGC – SEW · Prasad and SEW · SEW-KRANTHI · SEW – AIPPL · SEW and Coastal · SPML – SEW – AMR · MEIL – SEW – MAYTAS – BHEL · MEIL – SEW – ABB – AAG · SEW – KRANTHI – AKR

CAPITAL STRUCTURE

AS ON 29.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
150000000	Equity Shares	Rs.10/- each	Rs.1500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
97927149	Equity Shares	Rs.10/- each	Rs.979.271 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	Rs.10/- each	Rs.500.000 Millions
100000000	Preferences Shares	Rs.10/- each	Rs.1000.000 Millions
	TOTAL		Rs.1500.000 Millions

Issued Capital :

No. of Shares	Type	Value	Amount
47927149	Equity Shares	Rs.10/- each	Rs.479.271 Millions
100000000	Preferences Shares	Rs.10/- each	Rs.1000.000 Millions
	TOTAL		Rs.1479.271 Millions

Subscribed & Paid-up Capital :

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

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		479.271	479.271	450.515
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		6734.271	5775.417	3425.534
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		7213.542	6254.688	3876.049
LOAN FUNDS
1] Secured Loans		5478.764	2583.909	2104.429
2] Unsecured Loans		521.880	544.816	113.822
TOTAL BORROWING		6000.644	3128.725	2218.251
DEFERRED TAX LIABILITIES		170.015	159.170	28.390
TOTAL		13384.201	9542.583	6122.690
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3922.104	3250.882	2613.138
Capital work-in-progress		512.359	414.066	430.314
INVESTMENT		4720.668	2915.234	1703.321
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1541.251	1120.902	1560.040
	Sundry Debtors	3603.916	2272.963	2360.231
	Cash & Bank Balances	1241.067	2164.290	881.621
	Other Current Assets	1112.309	889.041	487.393
	Loans & Advances	5306.164	3043.097	2779.195
Total Current Assets		12804.707	9490.293	8068.48
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3432.124	2632.887	2271.607
	Other Current Liabilities	4912.593	3699.255	4276.989
	Provisions	230.920	195.750	143.967
Total Current Liabilities		8575.637	6527.892	6692.563
Net Current Assets		4229.070	2962.401	1375.917
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		13384.201	9542.583	6122.690

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	18324.638	17831.002	15907.000
		Other Income	331.609	248.348	210.366
		TOTAL (A)	18656.247	18079.350	16117.366
Less	EXPENSES
		Consumption Materials Changes Inventories	5737.409	3648.563
		Manufacturing Service Cost	1284.646	1074.630
		Contract Cost	7184.622	9442.627	14223.168
		Employee Related Expenses	1117.422	891.255
		Administrative Selling Other Expenses	662.738	610.176
		Exceptional Income Expenses	0.000	(287.197)
		TOTAL (B)	15986.837	15380.054	14223.168
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) I		2669.410	2699.296	1894.198
Less	FINANCIAL EXPENSES (D)		559.660	356.096	260.464
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		2109.750	2343.200	1633.734
Less/ Add	DEPRECIATION/ AMORTISATION (F)		486.365	373.481	224.569
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		1623.385	1969.719	1409.165
Less	TAX (H)		552.760	657.458	453.843
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		1070.625	1312.261	955.322
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		186.416	181.478	165.101
	APPROPRIATIONS
		Preference Dividend		0.000	3.483
		Debentures Redemption Reserve		0.000	20.833
		Preference Capital Redemption Reserve	NA	0.000	47.475
		Interim Dividend		63.072	40.546
		Proposed Final Dividend		28.756	27.031
		Dividend Distribution Tax		15.495	12.077
		General Reserve		1200.000	850.000
	BALANCE CARRIED TO THE B/S		1045.269	186.416	181.478
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	6.258	5.285	0.000
	IMPORTS
		Import of capital goods	380.996	166.730	310.625
		Import of spares	22.919	0.000	0.000
	TOTAL IMPORTS		403.915	166.73	310.625
	Earnings / (Loss) Per Share (Rs.)		22.34	29.11	21.11

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.74	7.25	5.93
Net Profit Margin (PBT/Sales)	(%)	8.85	11.05	8.86
Return on Total Assets (PBT/Total Assets}	(%)	9.70	15.45	13.19
Return on Investment (ROI) (PBT/Networth)		0.23	0.31	0.36
Debt Equity Ratio (Total Liability/Networth)		2.02	1.54	2.30
Current Ratio (Current Asset/Current Liability)		1.49	1.45	1.21

LOCAL AGENCY FURTHER INFORMATION

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

PERFORMANCE REVIEW:

The Company achieved a total income of Rs. 18588.300 Millions, as compared to Rs. 18026.200 Millions in the previous year, an increase of 3.12%. During the year, the Company incurred capital expenditure of Rs. 1169.500 Millions in acquiring new plant and machinery, transport vehicles, inspection vehicles and other assets that are required for executing various projects. As at the end of the financial year the company has also orders on hand worth Rs. 134372.500 Millions.

REVIEW OF OPERATIONS:

The Company has obtained most of the statutory clearances for the 96MW New Melling hydro electric project undertaken by it viz. clearances from Water Resources Department, Fisheries Department, Ministry of Environment and Forest, Department of Defence etc. Further, earthquake studies, survey works and geo-technical investigations are under progress. Central Electricity Authority approval for the Hydrology Chapter (of the Detailed Project Report) is also under process. Till date, the Company has spent about Rs.166.400 Millions on the project.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U45200AP1983PLC003796
Name of the company	SEW INFRASTRUCTURE LIMITED
Address of the registered office or of the principal place of business in India of the company	6-3-871, Snehalatha, Greenlands Road, Begumpet, Hyderabad – 500016, Andhra Pradesh, India
Type of charge	Movable Property [not being pledge]
Particular of charge holder	Axis Bank Limited, SC Centre,5-2-183/184, III Floor, Secunderabad-500003, Andhra Pradesh, India
Email	anilkumar.gottipati@axisbank.com
Nature of description of the instrument creating or modifying the charge	Loan cum Hypothecation Agreement
Date of instrument Creating the charge	28.08.2012
Amount secured by the charge	Rs.7.162 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest 9.20% p.a. Terms of Repayment Repayable in 35 Installments of Rs. 0.234 Million each from 20/09/2012 to 20/07/2015 Margin 10% Extent and Operation of the charge First exclusive charge on the Assets financed
Short particulars of the property charged	1 No. Liebherr Concrete Batching Plant

FIXED ASSETS:

· Land–Free hold

· Buildings

· Plant and Machinery

· Transport Vehicles

· Furniture and Fixtures

· Inspection Vehicles

· Office Equipment

· Scientific and Engineering Equipment

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.96
UK Pound	1	Rs.87.10
Euro	1	Rs.7.03

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		62

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.