MIRA INFORM REPORT

Report Date :

02.08.2013

IDENTIFICATION DETAILS

Name :	ASSAM POWER DISTRIBUTION COMPANY LIMITED (w.e.f. 23.10.2009)
Formerly Known as :	LOWER ASSAM ELECTRICITY DISTRIBUTION COMPANY LIMITED
Registered Office :	Bijulee Bhawan, Paltan Bazar, District Kamrup, Guwahati – 781001, Assam
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	23.10.2003
Com. Reg. No.:	02-007242
Capital Investment / Paid-up Capital :	Rs. 0.501 million
CIN No.: [Company Identification No.]	U40109AS2003SGC007242
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Distributor, Trader and Supplier of Electricity.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 58000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Exist
Comments :	Subject is an established company wholly owned by Government of Assam having a satisfactory track record. Management has failed to file the financials of 2012, and the financials as on 2011 are not available with us. As per the available financials of 2010 the company has reported a better increase in its revenue but there appear a loss recorded by the company from its operations. The subject receives good financial support from government of Assam. Trade relations are fair. Business is active. Payment terms are usually correct. The company can be considered 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

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.

INFORMATION DECLINED

MANAGEMENT NON-COOPERATIVE (Tel. No. 91-361-2739525 / 511)

LOCATIONS

Registered Office :	Bijulee Bhawan, Paltan Bazar, District Kamrup, Guwahati – 781001, Assam, India
Tel. No. :	91-361-2739525 / 511
Fax No. :	91-361-2739527
E-Mail :	debo1saikia@yahoo.com cmdapdcl@gmail.com
Website :	http://www.laedcl.gov.in

DIRECTORS

As on 30.09.2011

Name :

Mr. Subhash Chandra Das

Designation :

Managing Director

Address :

Senior Officers Colony, Khanapara, Kamrup, Guwahati – 781022, Assam, India

Date of Birth/Age :

25.12.1955

Date of Appointment :

30.09.2011

DIN No. :

00266841

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	U40101AS2003SGC007239	ASSAM POWER GENERATION CORPORATION LIMITED	Director	30/09/2011	25/02/2005	-	Active	NO
2	U40101AS2003SGC007238	ASSAM ELECTRICITY GRID CORPORATION LIMITED	Director	19/10/2010	25/02/2005	20/04/2013	Active	NO
3	U40109AS2003SGC007240	UPPER ASSAM ELECTRICITY DISTRIBUTION COMPANY LIMITED	Director	25/02/2005	25/02/2005	05/09/2007	Active	YES
4	U40109AS2003SGC007241	CENTRAL ASSAM ELECTRICITY DISTRIBUTION COMPANY LIMITED	Director	25/02/2005	25/02/2005	05/09/2007	Active	YES
5	U40109AS2003SGC007242	ASSAM POWER DISTRIBUTION COMPANY LIMITED	Managing director	30/09/2011	25/02/2005	-	Active	NO
6	U45201AS1980SGC001845	ASSAM POLICE HOUSING CORPORATION LTD	Director	21/01/2008	21/01/2008	13/12/2010	Active	YES
7	U40102AS2007PLC008471	ASSAM POWER PROJECT DEVELOPMENT COMPANY LIMITED	Director	17/08/2011	09/02/2011	27/06/2013	Active	NO

Name :

Syedain Abbasi

Designation :

Director

Address :

Senior Officers Colony, Khanapara, Kamrup, Guwahati – 781022, Assam, India

Date of Birth/Age :

29.01.1967

Date of Appointment :

30.09.2011

DIN No. :

01790604

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	U17219CH1976PLC003642	PUNJAB INFORMATION AND COMMUNICATION TECHNOLOGY CORPORATION LIMITED	Director	23/11/2005	23/11/2005	-	Active	NO
2	U40101AS2003SGC007239	ASSAM POWER GENERATION CORPORATION LIMITED	Managing director	30/09/2009	27/05/2009	-	Active	NO
3	U40102AS2007PLC008471	ASSAM POWER PROJECT DEVELOPMENT COMPANY LIMITED	Director	07/07/2010	04/08/2009	18/12/2012	Active	NO
4	U40101AS2009PTC008941	DESANG HYDEL POWER COMPANY PRIVATE LIMITED	Director	30/06/2010	05/08/2009	01/12/2010	Converted to LLP and dissolved	NO
5	U40101AS2007PTC009099	PAHUMARA HYDEL POWER COMPANY PRIVATE LIMITED	Nominee director	05/08/2009	05/08/2009	31/03/2010	Under Process of Striking off	NO
6	U40101AS2008PTC008756	LOWER SEIJUSA HYDEL POWER COMPANY PRIVATE LIMITED	Nominee director	05/08/2009	05/08/2009	31/03/2010	Active	NO
7	U11101AS1962SGC001184	ASSAM GAS COMPANY LIMITED	Director	11/03/2010	11/03/2010	11/01/2013	Active	NO
8	U40109AS2003SGC007242	ASSAM POWER DISTRIBUTION COMPANY LIMITED	Director	30/09/2011	17/09/2010	-	Active	NO
9	L13100AP1958GOI001674	NMDC LIMITED	Additional director	18/10/2012	18/10/2012	-	Active	NO
10	U74140JH1973GOI001199	MECON LIMITED	Director	19/10/2012	19/10/2012	-	Active	NO

Name :

Mr. Sumeet Jerath

Designation :

Director

Address :

Senior Officers Colony, Khanapara, Kamrup, Guwahati – 781003, Assam, India

Date of Birth/Age :

18.08.1961

Date of Appointment :

02.09.2011

DIN No. :

02979835

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	U40101AS2003SGC007238	ASSAM ELECTRICITY GRID CORPORATION LIMITED	Additional director	06/08/2011	22/12/2009	24/02/2012	Active	NO
2	U40101AS2003SGC007239	ASSAM POWER GENERATION CORPORATION LIMITED	Director	30/09/2011	22/12/2009	-	Active	NO
3	U40109AS2003SGC007242	ASSAM POWER DISTRIBUTION COMPANY LIMITED	Director	02/09/2011	13/01/2010	18/01/2012	Active	NO
4	U11101AS2006SGC008235	ASSAM HYDRO- CARBON & ENERGY COMPANY LIMITED	Director	30/09/2010	19/02/2010	-	Active	NO
5	U40102AS2007PLC008471	ASSAM POWER PROJECT DEVELOPMENT COMPANY LIMITED	Director	07/07/2010	02/03/2010	19/03/2012	Active	NO
6	U40101ML1976GOI001658	NORTH EASTERN ELECTRIC POWER CORPN LTD	Director	27/04/2010	27/04/2010	-	Active	NO
7	U10200OR2009SGC010604	MANDAKINI-B COAL CORPORATION LIMITED	Additional director	30/04/2010	30/04/2010	-	Active	NO

Name :

Mr. Rajeev Chandra Joshi

Designation :

Director

Address :

Senior Officers Colony, Khanapara, Kamrup, Guwahati - 781022, Assam, India

Date of Birth/Age :

25.09.1970

Date of Appointment :

30.09.2011

DIN No. :

01880534

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	U75112AS1965SGC001246	ASSAM INDUSTRIAL DEVELOPMENT CORPORATION LIMITED	Director	18/07/2011	14/11/2006	-	Active	NO
2	U21012AS1991SGC003497	ASHOK PAPER MILL (ASSAM) LIMITED	Director	29/03/2007	29/03/2007	19/11/2008	Active	NO
3	U17116AS1980SGC001805	ASSAM STATE TEXTILE CORPORATION LIMITED	Nominee director	19/07/2007	19/07/2007	18/10/2008	Active	NO
4	U31909AS2002SGC006781	AMTRON INFORMATICS INDIA LIMITED	Nominee director	11/09/2007	11/09/2007	15/11/2010	Active	YES
5	U40101AS2003SGC007239	ASSAM POWER GENERATION CORPORATION LIMITED	Director	30/09/2008	04/07/2008	-	Active	NO
6	U31909AS1984SGC002155	ASSAM ELECTRONICS DEVELOPMENT CORPORATION LIMITED	Director	15/12/2008	15/12/2008	-	Active	YES
7	U11101AS1962SGC001184	ASSAM GAS COMPANY LTD	Nominee director	21/08/2009	21/08/2009	06/09/2011	Active	NO
8	U45201AS1980SGC001845	ASSAM POLICE HOUSING CORPORATION LTD	Director	30/05/2011	30/05/2011	-	Active	YES
9	U40109AS2003SGC007242	ASSAM POWER DISTRIBUTION COMPANY LIMITED	Director	30/09/2011	04/07/2011	-	Active	NO
10	U40101AS2003SGC007238	ASSAM ELECTRICITY GRID CORPORATION LIMITED	Nominee director	03/11/2011	03/11/2011	-	Active	NO
11	U91900AS2009NPL008963	ASSAM TRADE PROMOTION ORGANIZATION	Director	02/11/2012	02/11/2012	-	Active	NO

Name :

Amiya Kumar Deb

Designation :

Director

Address :

Vivekananda Cooperative Housing Society, Housing No.13, Silchar, Cachar – 788005, Assam, India

Date of Birth/Age :

20.04.1936

Date of Appointment :

30.09.2009

DIN No. :

01552412

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	U40109AS2003SGC007241	CENTRAL ASSAM ELECTRICITY DISTRIBUTION COMPANY LIMITED	Director	25/02/2005	25/02/2005	-	Active	YES
2	U40109AS2003SGC007242	ASSAM POWER DISTRIBUTION COMPANY LIMITED	Director	30/09/2009	31/08/2009	-	Active	NO

Name :

Mr. Dilip Kumar Sarma

Designation :

Director

Address :

Happy Villa Barowari, Barowari, Kamrup, Guwahati – 788001, Assam, India

Date of Birth/Age :

30.11.1959

Date of Appointment :

30.09.2011

DIN No. :

03583154

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	U40109AS2003SGC007242	ASSAM POWER DISTRIBUTION COMPANY LIMITED	Director	30/09/2011	04/01/2011	-	Active	NO
2	U11101AS1962SGC001184	ASSAM GAS COMPANY LTD	Nominee director	20/09/2012	20/09/2012	-	Active	NO

Name :

Madhurjya Prasad Bezbaruah

Designation :

Director

Address :

Sriram Path, Nandanpur, Japorigog, Kamrup, Guwahati – 781005, Assam, India

Date of Birth/Age :

01.03.1959

Date of Appointment :

30.09.2011

DIN No. :

00560783

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	U40109AS2003SGC007242	ASSAM POWER DISTRIBUTION COMPANY LIMITED	Director	30/09/2011	18/03/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Debajit Saikia
Designation :	Secretary
Address :	H. N. 15, Sewali Path, Hengrabari Road, Dispur, Kampur, Guwahati – 781006, Assam, India
Date of Birth/Age :	21.11.1973
Date of Appointment :	15.02.2006
PAN No.:	ASIPS9039D

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Governor of Assam	5000
Subhash Chandra Das	1
Syedain Abbasi	1
Swapan Kumar Handique	1
Champak Baruah	1
Krishna Phatowali	1
Kalyani Baruah	1
Swapan Kumar Saha	1
Sankar Kar	1
Total	5008

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Government [Central and State]	99.84
Others	0.16
Total	100.00

BUSINESS DETAILS

Line of Business :

Distributor, Trader and Supplier of Electricity.

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	State Bank of India, New Guwahati, Assam, India

Banking Relations :	--
Financial Institution :	Power Finance Corporation Limited, 'Urjanidhi', 1, Barakhamba Lane, Connaught Place, New Delhi - 110001, India
Auditors :
Name :	B. L. Purohit and Company Chartered Accountants
Address :	3^rd Floor, Saraf Building Annexe, A. T. Road, Guwahati – 781001, Assam, India
Tel. No. :	91-361-2511705 / 2515813
Fax No. :	91-361-2511405
PAN No. :	AADFB9836C

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs.100/- each	Rs. 2500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5008	Equity Shares	Rs.100/- each	Rs. 0.501 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		0.501	0.501	0.501
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		20275.495	5499.608	3005.153
4] (Accumulated Losses)		(5680.135)	(717.270)	(568.619)
NETWORTH		14595.861	4782.839	2437.035
LOAN FUNDS
1] Secured Loans		1063.560	142.403	141.514
2] Unsecured Loans		6939.682	2540.184	2158.716
TOTAL BORROWING		8003.242	2682.587	2300.230
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
Others (Share Deposit Account)		2507.641	586.384	586.384
TOTAL		25106.744	8051.810	5323.649
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		9760.608	3419.979	1558.802
Capital work-in-progress		9259.355	2524.050	3930.751
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	893.522	354.790	385.530
	Sundry Debtors	4655.981	1350.168	1058.427
	Cash & Bank Balances	14914.124	3792.663	1738.994
	Other Current Assets	5722.873	867.456	866.883
	Loans & Advances	313.455	110.132	109.611
Total Current Assets		26499.955	6475.209	4159.445
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors			17.033
	Other Current Liabilities	20412.780	4364.982	1265.291
	Provisions	0.394	2.454	3043.041
Total Current Liabilities		20413.174	4367.436	4325.365
Net Current Assets		6086.781	2107.773	(165.920)
MISCELLANEOUS EXPENSES		0.000	0.008	0.016
TOTAL		25106.744	8051.810	5323.649

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	14079.922	6039.078	5128.450
		Other Income	1573.441	1376.958	1553.306
		TOTAL (A)	15653.363	7416.036	6681.756
Less	EXPENSES
		Purchase of power	13217.408	5533.425	4955.572
		Repair and Maintenance	311.708	122.339	103.730
		Employee Cost	3579.785	1426.603	1242.413
		Administaration and General Expenses	201.569	48.218	44.503
		Other debts	34.082	13.558	66.406
		TOTAL (B)	17344.552	7144.143	6412.624
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(1691.189)	271.893	269.132
Less	FINANCIAL EXPENSES (D)		688.330	250.900	195.573
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(2379.519)	20.993	73.559
Less/ Add	DEPRECIATION/ AMORTISATION (F)		609.690	203.158	157.678
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(2989.209)	(182.165)	(84.119)
Less	TAX (H)		0.000	1.980	2.105
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(2989.209)	(184.145)	(86.224)
	Net prior period credit/ (charges)		(38.339)	35.494	(106.870)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(717.270)	(568.619)	(375.525)
	BALANCE CARRIED TO THE B/S		(3744.818)	(717.270)	(568.619)
	Earnings / (Loss) Per Share (Rs.)		--	--	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(19.10)	(2.48)	(1.29)
Net Profit Margin (PBT/Sales)	(%)	(21.23)	(3.02)	(1.64)
Return on Total Assets (PBT/Total Assets}	(%)	(8.24)	(1.84)	(1.47)
Return on Investment (ROI) (PBT/Networth)		(0.20)	(0.04)	(0.03)
Debt Equity Ratio (Total Debt/Networth)		0.55	0.56	0.94
Current Ratio (Current Asset/Current Liability)		1.30	1.48	0.96

LOCAL AGENCY FURTHER INFORMATION

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

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10210580	15/03/2010	1,731,800,000.00	POWER FINANCE CORPORATION LIMITED	'URJANIDHI', 1, BARAKHAMBA LANE, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	A82763764

LITIGATION DETAILS

Case Status	Pending
Case No	WP(C) 3926/2012
Petitioner Name	ASEB AUDIT AND ACCOUNTS SERVICE ASSOCIATION HAVING ITS REGISTERED OFFICE AT BIJULEE BHAWAN, PALTAN BAZAR, GHY- 1, REP. BY ITS GENERAL SECY.
Respondent Name	THE ASSAM POWER DISTRIBUTION COMPANY LIMITED AND ANR. BIJULEE BHAWAN, PALTANBAZAR, GHY- 1, REP. BY ITS CHAIRMAN-CUM-MANAGING DIRECTOR.
Category Code	10043 ( Selection and appointment. )
District	Kamrup
Registration Date	16/08/2012
Last Date of Listing	24/08/2012
Last Stage of Listing	MOTION
Last Court No	4
Last Date of Disposal
Last Order

PRESS RELEASE

NTPC INKS PACT WITH ASSAM POWER DISTRIBUTION COMPANY LIMITED

Jun 22, 2013

BHUBANESWAR: NTPC Limited on Friday signed a supplementary power purchase agreement (SSPA) with Assam Power Distribution Company Limited (APDCL) for the supply of 25 MW power from its Farakka super Thermal Power Station stage - III.

S K Kar, the additional general manager (commercial) of NTPC, and Sanjeev Baruah, the chief general manager (commercial) of APDCL, signed the agreement.

M S Soin, the regional executive director (East-II), NTPC and Rajiv Yadav, CMD, APDCL, were also present on the occasion, an NTPC release said. Presently, APDCL is allocated 144 MW power from unallocated capacity of NTPC eastern region stations - FSTPS stage- I & II, KhSTPS stage - I & II and TSTPS stage -I and 381 MW from Bongaigaon thermal power project, the release added.

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.60.74
UK Pound	1	Rs.92.06
Euro	1	Rs.80.60

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		53

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.