MIRA INFORM REPORT

Report Date :

12.08.2013

IDENTIFICATION DETAILS

Name :	NSL TEXTILES LIMITED (w.e.f. 24.09.2008)
Formerly Known As :	JAYAVENKATRAMA INDUSTRIES LIMITED JAYAVENKATRAMA SUGAR AND POWER LIMITED
Registered Office :	NSL Icon, Door No.8-2-684/2/A, Plot No.1 to 4, Road No.12, Banjara Hills, Hyderabad-500034, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	12.02.2002
Com. Reg. No.:	01-038489
Capital Investment / Paid-up Capital :	Rs. 1026.263 Millions
CIN No.: [Company Identification No.]	U15429AP2002PLC038489
TAN No.: [Tax Deduction & Collection Account No.]	HYDJ00614F
PAN No.: [Permanent Account No.]	AABCJ1299A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in textile manufacturing with capacities spread over seven locations encompassing ginning, spinning, weaving, processing, garmenting and retailing operations.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 12000000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. There appears a continuous loss recorded by the company. The reserve’s of the company seems to deteriorating. The external borrowing appears to be huge. However, trade relations are reported to be fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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.

EXTERNAL AGENCY RATING

February 2013 – Bank Facilities: ICRA has suspended its rating ‘D’ due to lack of information

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 DENIED BY

Name :	Mr. Vind Yanathan
Designation :	Group Chief Executive Officer
Contact No. :	91-40-30514444
Date :	09.08.2013

LOCATIONS

Registered Office :	NSL Icon, Door No.8-2-684/2/A, Plot No.1 to 4, Road No.12, Banjara Hills, Hyderabad-500034, Andhra Pradesh, India
Tel. No.:	91-40-30514444 / 30514452
Fax No.:	91-40-23327919 / 30514350
E-Mail :	nsltextilehyd@gmail.com jvilhyd@gmail.com jaya_venkatrama@yahoo.co.in corp_jayavenkatrama@yahoo.co.in info@nsltextiles.com productinfo@nsltextile.com hrinfo@nsltextiles.com nstextilehyd@gmail.com karuturi.sairam@nsltextiles.com
Website :	www.nsltextiles.com
Factory 1 :	6/275-1, Inkollu (Mandal), Prakasam (District)- 523167, Andhra Pradesh, India
Tel. No.:	91-8594-255377 / 255379
Fax No.:	91-8594-244232 / 255378
Factory 2 :	Inkollu Village and Mandal, Prakasam District-523167, India
Factory 3 :	Survey No. 237, Kommuru Road, Veeravalli, Rangannagudem Post, Krishna District-521110, India
Factory 4 :	Survey No. 371-379, Kunchalvaripalem Village, Cherukupalli Mandal, Guntur District, India
Factory 5 :	Survey No. 253, Budampadu, Guntur District-522017, India
Sales Office:	#608, Span Trade Centre, Opposite Kochrab Ashram, Paldi, Ahmedabad-380006, Gujarat, India
Tel. No.:	91-79-26577662
E-Mail :	lakhotia.nk@nsltextiles.com

DIRECTORS

As on 19.07.2012

Name :

Mr. Mandava Prabhakar Rao

Designation :

Director

Address :

H. No.8-2-293/82/A, Plot No.543, Road No.26, Jubilee Hills, Hyderabad-500033, Andhra Pradesh, India

Qualification :

M Sc Agriculture

Date of Birth/Age :

19.01.1959

Date of Appointment :

12.02.2002

PAN No.:

ACVPM9483A

DIN No.:

00009650

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	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	01/07/2010	04/01/1985	-	Active	NO
2	U01112AP1992PLC014346	PRABHAT AGRI BIOTECH LIMITED	Director	09/06/1992	09/06/1992	-	Active	NO
3	L32101AP1990PLC011311	INCAP LIMITED	Director	28/06/1992	28/06/1992	18/02/2010	Active	NO
4	U18100AP1995PLC022418	PRABHAT INDUSTRIAL CORPORATION LIMITED	Director	28/11/1995	28/11/1995	30/03/2008	Amalgamated	NO
5	U74999AP1999PTC032118	MANDAVA COLD STORAGE PRIVATE LIMITED	Director	01/11/2000	01/11/2000	-	Active	NO
6	U99999AP1995PLC020845	PERPETUAL ENERGY SYSTEMS LIMITED	Director	23/07/2001	23/07/2001	30/03/2008	Amalgamated	NO
7	U15429KA1999PLC026121	NSL SUGARS LIMITED	Director	01/04/2010	26/07/2001	-	Active	NO
8	U05005AP2001PTC037782	SREE KAMADHENU AQUATECH PRIVATE LIMITED	Director	11/09/2001	11/09/2001	-	Active	NO
9	U40109AP2001PTC037830	INDUR GREEN POWER PRIVATE LIMITED	Director	21/09/2001	21/09/2001	-	Amalgamated	NO
10	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Director	12/02/2002	12/02/2002	-	Active	NO
11	U24231AP2002PLC038964	SWADESHI BIO-TECHNICS LIMITED	Director	15/05/2002	15/05/2002	30/03/2008	Active	NO
12	U24231AP2002PTC038984	SWARNABHARAT BIO-TECHNICS PRIVATE LIMITED	Director	17/05/2002	17/05/2002	-	Active	NO
13	U63023AP2003PTC040654	NSL POWER PRIVATE LIMITED	Director	11/03/2003	11/03/2003	-	Active	NO
14	U18101AP2004PLC044154	NSL TEXTILES (EDLAPADU) LIMITED	Director	14/09/2004	14/09/2004	-	Amalgamated	NO
15	U70102AP2004PTC044588	DIVYASREE NSL INFRASTRUCTURE PRIVATE LIMITED	Director	09/10/2008	10/11/2004	-	Active	NO
16	U45200AP2005PTC045511	NSL NAGAPATNAM POWER AND INFRATECH PRIVATE LIMITED	Director	02/03/2005	02/03/2005	-	Active	NO
17	U51225KA2005PTC036073	MADDURAMMA TRADERS PRIVATE LIMITED	Director	15/04/2005	15/04/2005	-	Strike off	NO
18	U45200AP2005PTC048066	NSL SEZ (HYDERABAD) PRIVATE LIMITED	Director	16/11/2005	16/11/2005	-	Active	NO
19	U70102AP2004PTC043959	CENTURY AVENUES PRIVATE LIMITED	Director	16/11/2005	16/11/2005	01/12/2007	Active	NO
20	U45200AP2005PTC048067	ARENA INFRASTRUCTURE PRIVATE LIMITED	Director	16/11/2005	16/11/2005	15/12/2007	Active	NO
21	U74210AP2006PTC048679	GLOBAL AGRIGENETICS INDIA PRIVATE LIMITED	Director	05/01/2006	05/01/2006	-	Active	NO
22	U45200AP2005PTC048287	ASCENDANT ESTATES PRIVATE LIMITED	Director	17/06/2006	17/06/2006	30/03/2008	Active	NO
23	U18100AP1983PTC004121	KRISHNAGANGA SPINNING MILLS PRIVATE LIMITED	Director	29/07/2006	29/07/2006	01/08/2011	Active	NO
24	U15421AP2006PLC050837	NSL KRISHNAVENI SUGARS LIMITED	Director	08/06/2009	08/08/2006	-	Active	NO
25	U10102AP2006PTC050899	SPLENDID MINERALS PRIVATE LIMITED	Director	14/08/2006	14/08/2006	-	Active	NO
26	U70102AP2006PTC050279	GOODDEAL DEVELOPERS PRIVATE LIMITED	Director	26/10/2006	26/10/2006	31/03/2008	Active	NO
27	U40109TN2006PTC085606	REGEN POWERTECH PRIVATE LIMITED	Director	27/12/2006	27/12/2006	-	Active	NO
28	U70101AP2001PTC038151	NSL SEZ (CHENNAI) PRIVATE LIMITED	Director	12/03/2007	12/03/2007	-	Active	NO
29	U70101AP2007PTC053994	TOPNOTCH PROJECTS PRIVATE LIMITED	Director	14/05/2007	14/05/2007	-	Active	NO
30	U17121AP2007PTC054034	NSL COTTON CORPORATION PRIVATE LIMITED	Director	17/05/2007	17/05/2007	-	Active	NO

Name :

Mr. Chigurupati Appa Rao

Designation :

Whole-time Director

Address :

Flat No. A-704, Vertex Sadguru Krupa, Nizampet Road, Kukapally, Hyderabad-500085, Andhra Pradesh, India

Qualification :

B Com

Date of Birth/Age :

01.07.1948

Date of Appointment :

01.07.2010

PAN No.:

AAJPC8469Q

DIN No.:

00011095

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	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Whole-time director	01/07/2010	22/03/2004	-	Active	NO
2	U70102AP2004PTC043959	CENTURY AVENUES PRIVATE LIMITED	Director	24/08/2004	24/08/2004	-	Active	NO
3	U18101AP2004PLC044154	NSL TEXTILES (EDLAPADU) LIMITED	Director	24/12/2004	24/12/2004	-	Amalgamated	NO
4	L32101AP1990PLC011311	INCAP LIMITED	Director	20/09/2005	20/09/2005	05/03/2010	Active	NO
5	U24233AP2005PTC047540	PRESTIGE AGRI INPUTS PRIVATE LIMITED	Director	21/09/2005	21/09/2005	-	Amalgamated	NO
6	U45200AP2005PTC048066	NSL SEZ (HYDERABAD) PRIVATE LIMITED	Director	16/11/2005	16/11/2005	-	Active	NO
7	U70102WB2005PTC124195	DESIGNER REAL ESTATE INDIA PRIVATE LIMITED	Nominee director	29/09/2006	17/11/2005	15/06/2007	Active	NO
8	U10300AP2005PLC048140	NSL POWER AND INFRATECH LIMITED	Director	23/11/2005	23/11/2005	-	Active	NO
9	U70102AP2005PTC048141	COZY PROPERTIES PRIVATE LIMITED	Director	23/11/2005	23/11/2005	-	Active	NO
10	U17121AP2007PTC054726	NCC USHA GINNING MILLS PRIVATE LIMITED	Director	06/07/2007	06/07/2007	26/07/2010	Active	NO
11	U17111MH2007PTC172499	NCC CJ COTTON PRIVATE LIMITED	Director	19/07/2007	19/07/2007	05/01/2008	Active	NO
12	U17111MH2007PTC172498	NCC MATOSHRI COTTON PRIVATE LIMITED	Director	19/07/2007	19/07/2007	26/07/2010	Active	NO
13	U17111MH2007PTC172497	NCC JAY LAXMI FIBERS PRIVATE LIMITED	Director	19/07/2007	19/07/2007	26/07/2010	Active	NO
14	U17200MH2007PTC173015	KV BALAJI FIBERS PRIVATE LIMITED	Director	10/08/2007	10/08/2007	05/02/2009	Active	YES
15	U45209AP2007PTC056015	EXCELSIOR PROJECTS PRIVATE LIMITED	Director	19/10/2007	19/10/2007	-	Active	NO
16	U17200MH2007PTC173014	NCC ABHINANDAN COTTON PRIVATE LIMITED	Nominee director	01/11/2007	01/11/2007	26/07/2010	Active	NO
17	U17121MH2007PTC172490	NCC RADHAKRISHNA COTTON PRIVATE LIMITED	Nominee director	01/11/2007	01/11/2007	05/01/2008	Active	NO
18	U17121MH2007PTC173124	NCC NARSINH COTTON PRIVATE LIMITED	Nominee director	01/11/2007	01/11/2007	05/01/2008	Active	NO
19	U17200MH2007PTC173157	NCC SHRI COTTON PRIVATE LIMITED	Nominee director	01/11/2007	01/11/2007	05/01/2008	Active	NO
20	U17111MH2007PTC172496	NCC SANTOSH FIBERS PRIVATE LIMITED	Nominee director	01/11/2007	01/11/2007	05/01/2008	Active	NO
21	U17111MH2007PTC172500	NCC GANAPATHI COTTON PRIVATE LIMITED	Nominee director	01/11/2007	01/11/2007	26/07/2010	Active	NO
22	U15429KA1999PLC026121	NSL SUGARS LIMITED	Director	18/08/2008	26/12/2007	06/03/2010	Active	NO
23	U17100AP1998PTC029417	EXCEL COTTON COMPANY PRIVATE LIMITED	Director	30/09/2011	20/12/2010	-	Active	NO
24	U17124AP2007PTC079001	MAS FABRIC PARK (INDIA) PRIVATE LIMITED	Director	29/06/2011	31/03/2011	-	Active	NO
25	U18100AP1982PTC003448	SREE ANANTHA LAKSHMI TEXTILES PRIVATE LIMITED	Director	29/09/2012	25/01/2012	-	Active	NO
26	U17110AP1995PTC021407	SREE VENKATARAYA COTTON MILLS PRIVATE LIMITED	Director	29/09/2012	13/06/2012	-	Active	NO

Name :

Mr. Ajay Kumar Paturi

Designation :

Whole-time Director

Address :

1-4-210/49 to 51, Prathampuri , ECIL, Hyderabad- 520062, Andhra Pradesh, India

Qualification :

B Tech Textiles

Date of Birth/Age :

17.09.1952

Date of Appointment :

01.07.2011

PAN No.:

AGQPP1192C

DIN No.:

00053029

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	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Whole-time director	01/07/2011	16/03/2006	-	Active	NO
2	U18101AP2004PLC044154	NSL TEXTILES (EDLAPADU) LIMITED	Whole-time director	16/03/2010	16/03/2006	-	Amalgamated	NO
3	U24233AP2005PTC047540	Prestige Agri Inputs Private Limited	Director	29/07/2009	15/06/2009	02/11/2011	Amalgamated	NO
4	U18100AP1982PTC003448	SREE ANANTHA LAKSHMI TEXTILES PRIVATE LIMITED	Director	29/09/2012	25/01/2012	-	Active	NO
5	U17110AP1995PTC021407	SREE VENKATARAYA COTTON MILLS PRIVATE LIMITED	Director	29/09/2012	13/06/2012	-	Active	NO

Name :

Ms. Mandva Asha Priya

Designation :

Director

Address :

H. No.8-2-293/82/A, Plot No.543, Road No.26, Jubilee Hills, Hyderabad-500033, Andhra Pradesh, India

Qualification :

M Sc Home Science

Date of Birth/Age :

19.09.1962

Date of Appointment :

12.02.2002

PAN No.:

AFWPM9031Q

DIN No.:

01199936

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
1	U18100AP1995PLC022418	PRABHAT INDUSTRIAL CORPORATION LIMITED	Director	28/11/1995	28/11/1995	-	Amalgamated
2	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	18/10/1997	18/10/1997	-	Active
3	U74999AP1999PTC032118	MANDAVA COLD STORAGE PRIVATE LIMITED	Managing director	01/09/2010	16/07/1999	-	Active
4	U15429KA1999PLC026121	NSL SUGARS LIMITED	Director	26/07/2001	26/07/2001	-	Active
5	U05005AP2001PTC037782	SREE KAMADHENU AQUATECH PRIVATE LIMITED	Director	11/09/2001	11/09/2001	-	Active
6	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Director	12/02/2002	12/02/2002	-	Active
7	U63023AP2003PTC040654	NSL POWER PRIVATE LIMITED	Director	11/03/2003	11/03/2003	-	Active
8	U99999AP1995PLC020845	PERPETUAL ENERGY SYSTEMS LIMITED	Managing director	30/07/2011	30/07/2003	-	Amalgamated
9	U45200AP2005PTC045511	NSL NAGAPATNAM POWER AND INFRATECH PRIVATE LIMITED	Director	02/03/2005	02/03/2005	-	Active
10	U51225KA2005PTC036073	MADDURAMMA TRADERS PRIVATE LIMITED	Director	15/04/2005	15/04/2005	-	Strike off
11	U70102AP2004PTC043959	CENTURY AVENUES PRIVATE LIMITED	Director	13/09/2005	13/09/2005	-	Active
12	U45200AP2005PTC048066	NSL SEZ (HYDERABAD) PRIVATE LIMITED	Director	05/04/2006	05/04/2006	-	Active
13	U15421AP2006PLC050837	NSL KRISHNAVENI SUGARS LIMITED	Director	08/08/2006	08/08/2006	-	Active
14	U40109TN2006PTC085606	REGEN POWERTECH PRIVATE LIMITED	Director	27/12/2006	27/12/2006	19/06/2009	Active
15	U70101AP2007PTC053994	TOPNOTCH PROJECTS PRIVATE LIMITED	Director	14/05/2007	14/05/2007	-	Active
16	U17121AP2007PTC054034	NSL COTTON CORPORATION PRIVATE LIMITED	Director	17/05/2007	17/05/2007	-	Active
17	U45203AP2007PTC054784	NSL INFRATECH PRIVATE LIMITED	Director	12/07/2007	12/07/2007	-	Active
18	U70102AP2007PTC054777	NSL ESTATES PRIVATE LIMITED	Director	12/07/2007	12/07/2007	-	Active
19	U51909TN2007PTC064763	NSL POWER EQUIPMENT TRADING PRIVATE LIMITED	Director	14/09/2007	14/09/2007	-	Active
20	U74120AP2008PTC086206	NSL PROPERTIES PRIVATE LIMITED	Director	12/03/2008	12/03/2008	-	Active
21	U74120DL2008PTC175254	NSL REAL ESTATES PRIVATE LIMITED	Director	12/03/2008	12/03/2008	-	Active
22	U74120AP2008PTC074522	MANDAVA HOLDINGS PRIVATE LIMITED	Managing director	24/09/2012	12/03/2008	-	Active
23	U74120AP2008PLC074583	NUZIVEEDU SEEDS LIMITED	Director	19/03/2008	19/03/2008	-	Active
24	U45200AP2005PTC048287	ASCENDANT ESTATES PRIVATE LIMITED	Director	30/03/2008	30/03/2008	-	Active
25	U40109AP2008PTC059817	NSL ORISSA POWER AND INFRATECH PRIVATE LIMITED	Director	23/06/2008	23/06/2008	-	Active
26	U18101AP2004PLC044154	NSL TEXTILES (EDLAPADU) LIMITED	Director	05/07/2010	28/12/2009	-	Amalgamated
27	U40100HP2005PTC000333	TANGNU ROMAI POWER GENERATION PRIVATE LIMITED	Director	30/09/2010	19/04/2010	-	Active
28	U40103AP2010PTC068177	NSL ANDHRA POWER PRIVATE LIMITED	Director	29/04/2010	29/04/2010	-	Active
29	U15421OR2011PTC013452	NSL SUGAR AND INDUSTRIES (ORISSA) PRIVATE LIMITED	Director	15/04/2011	15/04/2011	-	Active
30	U40300AP2010PTC070092	SOLAR SEMICONDUCTOR POWER COMPANY (INDIA) PRIVATE LIMITED	Director	30/08/2011	06/05/2011	-	Active

Name :

Mr. Prabal Ranjan Roy

Designation :

Director

Address :

36, Amaltas Bunglaow, Bodakdev, Ahmedabad-380054, India

Qualification :

PhD Textiles

Date of Birth/Age :

11.07.1941

Date of Appointment :

28.12.2009

DIN No.:

00514330

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	U17219PB1993PLC013187	MALWA INDUSTRIES LIMITED	Director	27/04/2006	27/04/2006	-	Active	NO
2	U17110GJ1996PTC029824	SAN-BLUE ENTERPRISES PRIVATE LIMITED	Director	04/07/2009	04/07/2009	02/05/2012	Active	NO
3	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Director	28/12/2009	28/12/2009	-	Active	NO

Name :

Mr. Ramanna Anand

Designation :

Director

Address :

Flat No.0-1,15th Floor, Cuffe Castle, Cuff Parade, Colaba, Mumbai-400005, Maharashtra, India

Qualification :

B Sc

Date of Birth/Age :

05.11.1933

Date of Appointment :

25.09.2009

DIN No.:

00040325

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	U17110MH1982PTC027087	NOVA SILK PRIVATE LT LIMITED	Director	06/05/1982	06/05/1982	-	Active	NO
2	L33130AP1979PLC002521	NCL INDUSTRIES LIMITED	Director	14/06/2008	04/06/1982	-	Active	NO
3	U01711KA1993FTC014292	LUWA INDIA PRIVATE LIMITED	Director	10/05/1993	10/05/1993	16/07/2009	Active	NO
4	L18101MH1991PLC059804	MAXWELL INDUSTRIES LIMITED	Director	11/11/1993	11/11/1993	20/08/2009	Active	NO
5	L72200PN1988PLC068972	INDO COUNT INDUSTRIES LIMITED	Director	27/11/1995	27/11/1995	-	Active	NO
6	U29269TZ1996PLC007229	MEHALA MACHINES INDIA LIMITED	Director	30/05/1996	30/05/1996	13/02/2009	Active	NO
7	U29299KA2001PTC029952	EASTERN ENGINEERING COMPANY PRIVATE LIMITED	Director	31/12/2001	31/12/2001	21/07/2008	Active	NO
8	U74999MH1966NPL013602	THE INDO-ITALIAN CHAMBERS OF COMMERCE AND INDUSTRY	Director	30/09/2002	30/09/2002	-	Active	NO
9	U99999MH1969NPL014319	INDIAN TEXTILE ACCESSORIES AND MACHINERY MANUFACTURERS' ASSOCIATION	Director	16/09/2005	16/09/2005	-	Active	NO
10	U28920MH1982PTC027261	EASTERN ENGINEERING COMPANY (BOMBAY) PRIVATE LIMITED	Director	30/08/2006	01/06/2006	-	Active	NO
11	L17119PN1990PLC058139	PRANAVADITYA SPINNING MILLS LIMITED	Additional director	31/07/2007	31/07/2007	-	Active	NO
12	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Director	25/09/2009	29/08/2009	-	Active	NO
13	U18101AP2004PLC044154	NSL TEXTILES (EDLAPADU) LIMITED	Additional director	28/12/2009	28/12/2009	05/07/2010	Amalgamated	NO
14	U93000MH2010PTC199719	ETS EASTERN SERVICES PRIVATE LIMITED	Director	04/02/2010	04/02/2010	-	Active	NO
15	U29253KA2011PTC058597	MARZOLI TEXTILE MACHINERY MANUFACTURERS PRIVATE LIMITED	Director	11/05/2011	11/05/2011	-	Active	NO
16	U31400MH2012PTC225956	FERRARI EASTERN FANS INDIA PRIVATE LIMITED	Director	12/01/2012	12/01/2012	-	Active	NO
17	U29253MH2012PTC227674	SMIT TEXTILE MACHINERY MANUFACTURERS PRIVATE LIMITED	Director	05/03/2012	05/03/2012	-	Active	NO

Name :

Mr. Gopala Krishna Muddusetty

Designation :

Director

Address :

Bhramara, 12-2-823A/23, Santoshnagar, Mehdipathnam, Hyderabad – 500028, Andhra Pradesh, India

Qualification :

B.SC, B.L, I.A.S., A.M.P.,Canada

Date of Birth/Age :

12.01.1939

Date of Appointment :

30.09.2011

DIN No.:

00088454

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	L23209AP1984PLC004635	THE ANDHRA PETROCHEMICALS LIMITED	Director	30/09/1997	30/09/1997	30/08/2007	Active	NO
2	U31909AP1983PTC003971	PEC POTENTIOMETERS PRIVATE LIMITED	Director	17/09/2003	17/09/2003	30/04/2011	Active	NO
3	U24111AP1988PLC009231	ANDHRA PRADESH GAS POWER CORPORATION LIMITED	Director	09/01/2009	29/09/2003	30/09/2010	Active	NO
4	U31909AP1999PLC033104	RITHWIK ENERGY SYSTEMS LIMITED	Director	16/01/2004	16/01/2004	06/04/2009	Active	NO
5	L28990AP1978PLC002260	JOCIL LIMITED	Director	22/01/2005	22/01/2005	-	Active	NO
6	U01211AP2005PTC045437	SENTINI BIOPRODUCTS PRIVATE LIMITED	Director	11/05/2005	11/05/2005	-	Active	NO
7	L29253AP1983PLC004141	PITTI LAMINATIONS LIMITED	Additional director	28/06/2007	28/06/2007	-	Active	NO
8	L40106AP1985PLC005318	BGR ENERGY SYSTEMS LIMITED	Director	19/09/2008	18/07/2007	-	Active	NO
9	L64203AP2000PLC035451	GOLDSTONE INFRATECH LIMITED	Director	30/09/2008	29/10/2007	-	Active	NO
10	U40300AP2006PLC050927	ARANI POWER SYSTEMS LIMITED	Director	10/03/2008	10/03/2008	-	Active	NO
11	L30007AP1991PLC013211	KERNEX MICROSYSTEMS (INDIA)LIMITED	Director	25/09/2008	25/09/2008	-	Active	NO
12	L72200AP1994PLC018351	B2B SOFTWARE TECHNOLOGIES LIMITED	Director	30/09/2009	30/09/2008	17/12/2010	Active	NO
13	U15540AP2008PTC060320	SENTINI BEVERAGES PRIVATE LIMITED	Director	31/12/2009	31/12/2009	02/01/2012	Active	NO
14	U24239AP2005PLC047307	VIJAYASRI ORGANICS LIMITED	Director	17/09/2010	19/05/2010	-	Active	NO
15	U74120AP2008PLC074583	NUZIVEEDU SEEDS LIMITED	Director	28/09/2011	17/08/2010	-	Active	NO
16	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Director	30/09/2011	08/09/2010	-	Active	NO
17	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	29/09/2010	28/09/2010	-	Active	NO
18	L24110AP1989PLC009713	SUVEN LIFE SCIENCES LIMITED	Additional director	14/11/2012	14/11/2012	-	Active	NO

Name :

Mr. Mandava Venkatram Chowdary

Designation :

Whole – time Director

Address :

H. No.8-2-293/82/A, Plot No.543, Road No.26, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Qualification :

BBM, MBA

Date of Birth/Age :

30.11.1987

Date of Appointment :

05.09.2011

PAN No.:

AJZPC5236E

DIN No.:

03567730

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	U15421MH2000PLC130397	JAY MAHESH SUGAR INDUSTRIES LIMITED	Director	30/09/2011	25/06/2011	-	Amalgamated	NO
2	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Whole-time director	05/09/2011	05/09/2011	-	Active	NO
3	U74120AP2008PTC074522	MANDAVA HOLDINGS PRIVATE LIMITED	Director	29/09/2012	18/04/2012	-	Active	NO
4	U15429KA1999PLC026121	NSL SUGARS LIMITED	Director	29/09/2012	11/05/2012	-	Active	NO

Name :

Mr. Anil Chandra Gupta

Designation :

Additional director

Address :

24- Krishnagar, P.O. Manovikasnagar, Bowenpally, Secundrabad – 500009, Andhra Pradesh, India

Date of Birth/Age :

16.09.1943

Date of Appointment :

22.09.2012

DIN No.:

06363513

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
1	L15421WB1952PLC020577	GOBIND SUGAR MILLS LTD.	Director	28/12/2012	21/08/2012	-	Active
2	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Additional director	22/09/2012	22/09/2012	-	Active
3	U15429KA1999PLC026121	NSL SUGARS LIMITED	Additional director	28/12/2012	28/12/2012	-	Active

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 19.07.2012

Names of Shareholders	No. of Shares
M Prabhakar Rao	11663512
Mandava Holdings Private Limited, India	68368394
M Asha Priya	2947515
M Venkatram Choudhry	11547
Mandava Cold Storage Private Limited, India	2500000
Mavi Investment Fund, Mauritius	10000000
Dover Finance Limited, Mauritius	3420000
Krishna Prasad	4194444
S Satish Kumar	788
C. Chandra Babu	69
K. Ravi Kumar	69
TOTAL	103106338

As on 19.07.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	17.08
Bodies corporate	68.73
Directors or relatives of directors	14.18
Other top fifty shareholders	0.01
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in textile manufacturing with capacities spread over seven locations encompassing ginning, spinning, weaving, processing, garmenting and retailing operations.

Products :

Item Code No. (ITC Code)	Product Description
52051410	Yarn
52051430	Dyed Yarn
52081230	Grey Fabric
52084230	Processed Fabric
62052000	Garments
52030000	Cotton Lint
12072100	Cotton Seed
52021000	Cotton Yarn/Waste
52029900	Fabric Waste

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· State Bank of India, Specialised Commercial Branch, kannavarithota, Guntur - 522004, Andhra Pradesh, India

· Canara Bank, Prime Corporate Branch, No. 25, Shankaranarayana Building, M.G. Road, Bangalore-560001, Karnataka, India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long Term Borrowing
Term loans	6028.380	7063.382
Short Term Borrowing
Loans repayable on demand from banks	1783.692	2205.453
Total	7812.072	9268.835

Banking Relations :	--
Auditors :
Name :	Mastanaiah and Company Chartered Accountants
Address :	11/1, Arundelpet, Guntur-522002, Andhra Pradesh, India
PAN No:	AADFM5561H
Holding Company :	Mandava Holdings Private Limited CIN No.: U74120AP2008PTC074522
Subsidiary company :	v Sree Anantha Lakshmi Textiles Private Limited CIN No.: U18100AP1982PTC003448 v Portrait Properties Private Limited CIN No.: U70102AP2006PTC050288
Fellow Subsidiary company :	v Nuziveedu Seeds Limited CIN No.: U74120AP2008PLC074583 v Prabhat Agri Biotech Limited CIN No.: U01112AP1992PLC014346 v Yaaganti Seeds Sprivate Limited CIN No.: U01112AP1996PTC025622 v Pravardhan Seeds Private Limited CIN No.: U01119AP2008PTC061514 v Asian Agri Genetics Limited CIN No.: U73200AP2004PLC042560 v Fortune Hybrid Seeds Limited CIN No.: U01119AP2004PLC042741 v NSL Sugars Limited CIN No.: U15429KA1999PLC026121 v NSL Krishnaveni Sugars Limited CIN No.: U15421AP2006PLC050837 v NSL Cotton Corporation Private Limited CIN No.: U17121AP2007PTC054034 v NCC Narsinh Cotton Private Limited CIN No.: U17121MH2007PTC173124 v NCC Radhakrishna Cotton Private Limited CIN No.: U17121MH2007PTC172490 v NCC Santosh Fibers Private Limited CIN No.: U17111MH2007PTC172496 v NCC Shri Cotton Private Limited CIN No.: U17200MH2007PTC173157 v NCC Abhinandan Cotton Private Limited CIN No.: U17200MH2007PTC173014 v NCC Jay Laxmi Fibers Private Limited CIN No.: U17111MH2007PTC172497 v NCC Usha Ginning Mills Private Limited CIN No.: U17121AP2007PTC054726 v NCC Venkateswara Cotton Fibers Private Limited CIN No.: U01405AP2007PTC054727 v NSL Estates Private Limited CIN No.: U70102AP2007PTC054777
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	v NSL Renewable Power Private Limited CIN No.: U40109DL1985PTC114839 v Sree Venkataraya Cotton Mills Private Limited CIN No.: U17110AP1995PTC021407

CAPITAL STRUCTURE

As on 19.07.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
173000000	Equity Shares	Rs.10/- each	Rs.1730.000 Millions
400000	Preferences Shares	Rs.100/- each	Rs.40.000 Millions
	TOTAL		Rs.1770.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
103106338	Equity Shares	Rs.10/- each	Rs.1031.063 Millions

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
173000000	Equity Shares	Rs.10/- each	Rs.1730.000 Millions
400000	Preference shares	Rs.100/-	Rs.40.000 Millions
	Total		Rs.1770.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
102626338	Equity Shares	Rs.10/- each	Rs.1026.263 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1026.263	1004.224
(b) Reserves & Surplus	1776.356	2557.308
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	15.439
Total Shareholders’ Funds (1) + (2)	2802.619	3576.971
Deferred Government Grants	97.822	0.000
(3) Non-Current Liabilities
(a) long-term borrowings	6987.043	7563.382
(b) Deferred tax liabilities (Net)	0.000	55.316
(c) Other long term liabilities	1.500	10.200
(d) long-term provisions	15.021	9.266
Total Non-current Liabilities (3)	7003.564	7638.164
(4) Current Liabilities
(a) Short term borrowings	3402.548	2500.453
(b) Trade payables	1118.632	774.618
(c) Other current liabilities	1540.229	1061.719
(d) Short-term provisions	0.428	0.386
Total Current Liabilities (4)	6061.837	4337.176
TOTAL	15965.842	15552.311
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	10359.641	10395.618
(ii) Intangible Assets	19.761	21.351
(iii) Capital work-in-progress	1293.784	276.518
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	19.135	0.227
(c) Deferred tax assets (net)	298.708	0.000
(d) Long-term Loan and Advances	246.525	193.944
(e) Other Non-current assets	114.097	87.618
Total Non-Current Assets	12351.651	10975.276
(2) Current assets
(a) Current investments	0.070	0.000
(b) Inventories	1633.451	2986.365
(c) Trade receivables	839.814	421.364
(d) Cash and cash equivalents	289.971	203.250
(e) Short-term loans and advances	82.412	154.742
(f) Other current assets	768.473	811.314
Total Current Assets	3614.191	4577.035
TOTAL	15965.842	15552.311

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		868.398
2] Share Application Money		0.000
3] Reserves & Surplus		1442.969
4] Deferred government grants		0.000
5] (Accumulated Losses)		0.000
NETWORTH		2311.367
LOAN FUNDS
1] Secured Loans		4659.299
2] Unsecured Loans		0.000
TOTAL BORROWING		4659.299
DEFERRED TAX LIABILITIES		20.638
TOTAL		6991.304
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		5318.183
Capital work-in-progress		668.375
INVESTMENT		673.118
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	625.905
	Sundry Debtors	198.388
	Cash & Bank Balances	188.492
	Other Current Assets	283.275
	Loans & Advances	234.488
Total Current Assets		1530.548
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1094.985
	Other Current Liabilities	92.897
	Provisions	11.038
Total Current Liabilities		1198.920
Net Current Assets		331.628
MISCELLANEOUS EXPENSES		0.000
TOTAL		6991.304

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	6991.692	5743.488	1973.769
		Other Income	587.265	247.305	132.320
		TOTAL (A)	7578.957	5990.793	2106.089
Less	EXPENSES
		Cost of materials consumed	4793.034	3365.928
		Purchases of stock-in-trade	102.526	188.539
		Employee benefit expense	667.572	520.060
		Other expenses	1520.222	1354.484
		Prior period items	0.000	0.213
		Extraordinary items	0.000	894.288
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	67.598	(634.051)
		TOTAL (B)	7150.952	5689.461	1686.534
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		428.005	301.332	419.555
Less	FINANCIAL EXPENSES (D)		1055.437	661.416	205.656
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(627.432)	(360.084)	213.899
Less/ Add	DEPRECIATION/ AMORTISATION (F)		526.708	453.309	180.825
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(1154.140)	(813.393)	33.074
Less	TAX (H)		(354.024)	1.614	(11.321)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(800.116)	(815.007)	44.395
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(745.335)	69.672	25.277
	BALANCE CARRIED TO THE B/S		(1545.451)	(745.335)	69.672
	EARNINGS IN FOREIGN CURRENCY		811.230	297.141	180.118
	IMPORTS
		Capital Goods	768.188	436.445	1508.061
		Stores & Spares	42.215	56.221	7.779
		Raw Materials	321.244	55.887	17.108
	TOTAL IMPORTS		1131.647	548.553	1532.948
	Earnings / (Loss) Per Share (Rs.)		(7.80)	(8.59)	1.36

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	10.56	13.60	2.11
Net Profit Margin (PBT/Sales)	(%)	16.51	14.16	1.68
Return on Total Assets (PBT/Total Assets}	(%)	(8.04)	(5.32)	2.16
Return on Investment (ROI) (PBT/Networth)		0.40	0.23	0.01
Debt Equity Ratio (Total Debt/Networth)		3.69	2.81	2.02
Current Ratio (Current Asset/Current Liability)		0.60	1.05	1.28

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	Yes
10]	Designation of contact person	Yes
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

Particulars	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. In Millions)
Long Term Borrowing
Fully convertible debentures interoperate	900.000	500.000
Rupee term loans from others	24.000	0.000
Deferred payment liabilities	34.663	0.000
Short Term Borrowing
Loans repayable on demand	738.856	0.000
Interoperate Deposits	880.000	295.000
Total	2577.519	795.000

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2012
Guarantees outstanding Custom and excise duty liability in case of non fulfillment of export obligation pertaining to EPCG	16.761
Authorisations and Advance License for import of capital goods and raw material at Concessional rate of customs duty and refund of excise duty on domestic purchase of capital goods	1374.626
Bills receivable discounted	157.473
Claims not acknowledged as debt	13.201
Total	1562.061

NATURE OF OPERATIONS

Subject is engaged in textile manufacturing with capacities spread over seven locations encompassing ginning, spinning, weaving, processing, garmenting and retailing operations.

SCENIARIO

The fortunes of textile industry saw a significant downturn, like never before, during the financial year 2011-12, with unprecedented rise in cotton prices during the first quarter of 2011, cotton and yarn prices with cascading effect on prices of fabric and garments, too. The Company also, in spite of the best efforts, could not totally insulate itself from these external factors and suffered mark-to-market losses on cotton inventory. However, the situation has changed for the better since November 2011 with new cotton arrivals having price parity to the present operations, giving positive margins during the last quarter of the financial year 2011-12, which trend is most likely to continue during the next financial year also.

REVIEW OF OPERATIONS

The Company produced 1.63lakh qtls. of cotton lint (PY 1.69lakh qtls.), 2.17lakh qtls. (PY 2.26lakh qtls.) of cotton yarn, 0.16lakh qtls. of dyed yarn, 300.53lakh mtrs. (PY 308.21lakh mtrs.) of grey fabric, 66.88lakh mtrs. of finished fabric and 9.47lakh pcs. of garments, including job work production, during the financial year 2011-12 and sold 1.75lakh qtls. (PY 1.43lakh qtls.) of cotton yarn, 242.36lakh mtrs. (PY 257.55 mtrs.) of grey fabric, 55.41lakh mtrs. Of finished fabric and 4.76lakh pcs. of garments including retail sales.

Weaving and processing achieved further stabilization during the year under review and with better capacity utilizations, this should result in improved performance in the ensuing year.

During the year, the company added prestigious clients like Raymonds, Madura, Markand Spencer, Prominent etc. to its customer list, reflecting their confidence in our products. Trials are in progress for other prestigious labels and the Company’s marketing and customer servicing capabilities will see the list expanding further in the coming years.

With all these welcome developments coupled with improved market conditions, the Company is poised for an era of prosperous future.

EXPANSION ACTIVITIES OF THE COMPANY

Considering the not so favorable market conditions, plans for significant expansion were downsized and restricted to addition of balancing equipment for debottlenecking and product mix improvements in spinning and for achieving economies of scale in weaving, yarn dyeing and processing. The additional capacities are expected to operational during the 1st half of financial year 2012-13.

INDEX CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10438187	21/06/2013	13,195,250,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, Maharashtra - 400005, INDIA	B80185325
2	10417216	30/03/2013	720,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, SHANKARNARAYANA BUILDING, NO.25, M G ROAD, BANGALORE, Karnataka - 560001, INDIA	B72444961
3	10376665	18/08/2012	8,480,000,000.00	Canara Bank (Lead Bank)	Prime Corporate Branch, No.25, Shankaranarayana Buildings, M. G. Road, Bangalore, Karnataka - 560001, INDIA	B58178898
4	10374820	18/08/2012	3,063,000,000.00	State Bank of India (Lead Bank)	Mid Corporate Group, Speeialised Commercial Branch , Kannavari Thota, Guntur, Andhra Pradesh - 522004, INDIA	B57417438
5	10266943	11/01/2011	1,000,000,000.00	CANARA BANK	PRIME CORPORATE BRANCH, SHANKARNARAYANA BLDG., NO .25, M G ROAD, BANGALORE, Karnataka - 560001, INDIA	B05649207
6	10194027	19/03/2011 *	50,000,000.00	State Bank of Mysore	INDUSTRIAL FINANCE BRANCH, MY HOME, JUPALLY, AMEE RPET, HYDERABAD, Andhra Pradesh - 500016, INDIA	B10825636
7	10064262	22/08/2007 *	2,650,000,000.00	CANARA BANK	INDUSTRIAL FINANCE BRANCH, 5-10-194, CHAKRAPANI E STATE, SAIFABAD, HYDERABAD, Andhra Pradesh - 500004, INDIA	A22665707
8	10035650	30/03/2011 *	7,262,700,000.00	State Bank of India	Specialised Commercial Branch, kannavarithota, Guntur, Andhra Pradesh - 522004, INDIA	B09101528
9	90260188	22/02/2005	127,500,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, GUNTUR, Andhra Pradesh, INDIA	-
10	90259070	21/03/2011 *	4,441,000,000.00	STATE BANK OF INDIA	Specialised Commercial Branch, (Mid Corporate Group) Kannavarithota, Guntur, Andhra Pradesh – 522004, INDIA	B11397791

* Date of charge modification

FIXED ASSETS

v Tangible Assets

· Land

· Buildings

· Office Building

· Factory Building

· Plant and Equipment

· Factory Equipments

· Other Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

· Livestock

v Intangible Assets

· Computer Software

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.61.12
UK Pound	1	Rs.94.77
Euro	1	Rs.81.54

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	ANK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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.