MIRA INFORM REPORT

Report Date :

28.02.2013

IDENTIFICATION DETAILS

Name :	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED
Registered Office :	S – 2, Technocrat Industrial Estate, Balanagar, Hyderabad – 500037,Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.06.2006
Com. Reg. No.:	01-050271
Capital Investment / Paid-up Capital :	Rs. 1500.000 Millions
CIN No.: [Company Identification No.]	U45202AP2006PLC050271
TAN No.: [Tax Deduction & Collection Account No.]	HYDM05377B
PAN No.: [Permanent Account No.]	AAECM7627A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, service provider of chemical process tanks and stainless steel pipes.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 32000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. The latest financial are not made available with the government department. As per previous year’s, the financial position of the company seems to be strong. Fundamental are healthy. Trade relations are reported to be fair. Business us active. Payments are reported to be usually correct and as per commitment. The company can be considered for normal 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	CRISIL
Rating	Long Term Rating = BBB
Rating Explanation	Having moderate degree of safety regarding timely servicing of financial obligation it carry moderate credit risk
Date	July 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 :	S – 2, Technocrat Industrial Estate, Balanagar, Hyderabad – 500037,Andhra Pradesh, India
Tel. No.:	91-124-4976666 / 91-40-23076483 / 23077041 / 23075076 / 44336700
Fax No.:	91-124-4976667 / 91-40-23077502 / 44336800
E-Mail :	mjkc@meil.in ntr@meghainfra.com gvs@meilgroup.com
Website :	http://www.meghainfra.com http://www.meil.in

DIRECTORS

AS ON 01.08.2011

Name :	Mr. Pitchi Reddy Pamireddy
Designation :	Director
Address :	Plot no.46, Pavan Vihar Colony, Bowenpally, Secunderabad – 500011, Andhra Pradesh, India
Date of Birth/Age :	01.10.1957
Date of Appointment :	07.06.2006
PAN No.:	AANPP8623K
DIN No.:	01450174

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U01110AP1996PTC023128	MANJALI AGRO FARMS PRIVATE LIMITED	Director	06/02/1996	06/02/1996	Strike off	NO
2	U26950AP1996PTC024260	MEGHA STRUCTURES PRIVATE LIMITED	Director	04/06/1996	04/06/1996	Active	NO
3	U45202AP2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Director	01/08/2009	07/06/2006	Active	NO
4	U74999AP2006PLC051913	MEGHA FIBRE GLASS INDUSTRIES LIMITED	Director	20/02/2008	05/12/2006	Active	NO
5	U92419AP2009PLC064563	MEIL MEDIA LIMITED	Director	30/07/2009	30/07/2009	Active	NO
6	U67190AP2009PLC064573	MEIL HOLDINGS LIMITED	Director	30/07/2009	30/07/2009	Active	NO
7	U72900AP2009PLC064883	MEIL ADVANCED SYSTEMS LIMITED	Director	31/08/2009	31/08/2009	Active	NO
8	U40108AP2011PLC072056	MEIL GREEN POWER LIMITED	Director	05/01/2011	05/01/2011	Active	NO
9	U40105UP2009SGC038219	WESTERN U. P. POWER TRANSMISSION COMPANY LIMITED	Additional director	29/09/2011	29/09/2011	Active	NO
10	U93030AP2011PLC077278	MEIL PURA LIMITED	Director	04/11/2011	04/11/2011	Active	NO

Name :	Mr. Puritipati Venkata Krishna Reddy
Designation :	Managing Director
Address :	Plot No 46, Road No. 72, , Prashasan Nagar, IPS Colony, Jubilee Hills, Hyderabad - 500 033, Andhra Pradesh, India
Date of Birth/Age :	30.06.1969
Date of Appointment :	07.06.2006
PAN No.:	AAQPP7020H
DIN No.:	01815061

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	U26950AP1996PTC024260	MEGHA STRUCTURES PRIVATE LIMITED	Director	04/06/1996	04/06/1996	-	Active	NO
2	U45202AP2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Managing director	01/08/2009	07/06/2006	-	Active	NO
3	U74999AP2006PLC051913	MEGHA FIBRE GLASS INDUSTRIES LIMITED	Managing director	20/02/2008	05/12/2006	-	Active	NO
4	U67190AP2009PLC064573	MEIL HOLDINGS LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
5	U92419AP2009PLC064563	MEIL MEDIA LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
6	U72900AP2009PLC064883	MEIL ADVANCED SYSTEMS LIMITED	Director	31/08/2009	31/08/2009	-	Active	NO
7	U32301AP2006PTC051753	RACHANA TELEVISION PRIVATE LIMITED	Director	01/02/2010	01/02/2010	-	Active	NO
8	U45203AP2010PLC068691	HKR TOLLWAYS LIMITED	Director	10/06/2010	05/06/2010	05/01/2012	Strike off	NO
9	U11100AP2010PTC071069	MEIL RUSGAZ ENGINEERING PRIVATE LIMITED	Director	03/11/2010	03/11/2010	-	Active	NO
10	U40106GJ2007PTC051453	GREENBRILLIANCE ENERGY PRIVATE LIMITED	Nominee director	20/12/2010	20/12/2010	-	Active	NO
11	U40108AP2011PLC072056	MEIL GREEN POWER LIMITED	Director	05/01/2011	05/01/2011	-	Active	NO
12	U27109AP2002PLC038726	KOYA AND COMPANY CONSTRUCTION LIMITED	Director	26/09/2011	26/09/2011	-	Active	NO
13	U40105UP2009SGC038219	WESTERN U. P. POWER TRANSMISSION COMPANY LIMITED	Additional director	29/09/2011	29/09/2011	-	Active	NO
14	U93030AP2011PLC077278	MEIL PURA LIMITED	Director	04/11/2011	04/11/2011	-	Active	NO
15	U45203AP2010PLC069897	HKR ROADWAYS LIMITED	Additional director	28/05/2012	28/05/2012	-	Active	NO

Name :	Mr. Nadipineni Thirupathi Rao
Designation :	Whole-time Director
Address :	Plot No.101, Sagar Society, Banjara Hills, Road No.2, Hyderabad - 500034, Andhra Pradesh, India
Date of Birth/Age :	01.02.1953
Date of Appointment :	28.11.2009
PAN No.:	ABFPN3611A
DIN No.:	00055610

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	U14102AP1981PTC003317	MIDWEST GRANITE PRIVATE LIMITED	Director	01/04/2004	01/04/2004	01/01/2007	Active	NO
2	U14102AP1984PTC004754	VICTORIAN GRANITES PRIVATE LIMITED	Additional director	01/10/2004	01/10/2004	31/07/2007	Active	NO
3	U13204AP2007PLC053653	BEML MIDWEST LIMITED	Director	04/05/2007	04/05/2007	18/03/2008	Active	NO
4	U40101AP2007PTC054760	MCLEOD HYDRO POWER VENTURES PRIVATE LIMITED	Director	11/07/2007	11/07/2007	-	Active	NO
5	U92419AP2009PLC064563	MEIL MEDIA LIMITED	Director	30/07/2009	30/07/2009	-	Active	NO
6	U45202AP2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Whole-time director	28/11/2009	28/11/2009	-	Active	NO
7	U11100AP2010PTC071069	MEIL RUSGAZ ENGINEERING PRIVATE LIMITED	Director	03/11/2010	03/11/2010	-	Active	NO

Name :	Mr. Reddy Ravi Peddinti
Designation :	Director
Address :	N 3/33, IRC Village, Nayapalli, Bhubaneswar, Orrissa – 751015, Tamilnadu, India
Date of Birth/Age :	24.06.1964
Date of Appointment :	01.09.2008
DIN No.:	00866243

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74140OR2005PTC008012	VIDYOG CONSULTANTS PRIVATE LIMITED	Director	17/02/2005	17/02/2005	Strike off	NO
2	U45202AP2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Director	31/07/2009	01/09/2008	Active	NO
3	U72900AP2011PTC073145	MAGIC LUME COMPUTER GRAPHICS PRIVATE LIMITED	Director	09/03/2011	09/03/2011	Active	NO

Name :	Mrs. Rama Reddy Pamireddy
Designation :	Director
Address :	Plot no.46, Pavan Vihar Colony, Bowenpally, Secunderabad – 500011, Andhra Pradesh, India
Date of Birth/Age :	28.05.1967
Date of Appointment :	07.06.2006
DIN No.:	01614179

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U26950AP1996PTC024260	MEGHA STRUCTURES PRIVATE LIMITED	Director	04/06/1996	04/06/1996	Active	NO
2	U45202AP2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Director	07/06/2006	07/06/2006	Active	NO
3	U74999AP2006PLC051913	MEGHA FIBRE GLASS INDUSTRIES LIMITED	Additional director	20/02/2008	20/02/2008	Active	NO
4	U67190AP2009PLC064573	MEIL HOLDINGS LIMITED	Director	30/07/2009	30/07/2009	Active	NO

Name :	Mr. Puritipaati Sudharani
Designation :	Director
Address :	Plot No 46, Road No. 72, , Prashasan Nagar, IPS Colony, Jubilee Hills, Hyderabad - 500 033, Andhra Pradesh, India
Date of Birth/Age :	10.12.1978
Date of Appointment :	01.09.2008
DIN No.:	02061208

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74999AP2006PLC051913	MEGHA FIBRE GLASS INDUSTRIES LIMITED	Whole-time director	01/04/2008	20/02/2008	Active	NO
2	U45202AP2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Director	31/07/2009	01/09/2008	Active	NO

Name :	Mr. Srinivasa Reddy Bonthu
Designation :	Additional Director
Address :	Plot No 29, Nizampet Road, Vijetha Green Homes, Kukatpally, Hyderabad - 500072, Andhra Pradesh, India
Date of Birth/Age :	10.08.1969
Date of Appointment :	28.11.2009
PAN No.:	AHTPB0699J
DIN No.:	02331802

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U45207DL2008PTC183515	MEGHAVARAM POWER PRIVATE LIMITED	Director	29/07/2009	19/03/2009	Active	NO
2	U72900AP2009PLC064883	MEIL ADVANCED SYSTEMS LIMITED	Director	31/08/2009	31/08/2009	Active	NO
3	U45202AP2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Whole-time director	28/11/2009	28/11/2009	Active	NO
4	U40106GJ2007PTC051453	GREENBRILLIANCE ENERGY PRIVATE LIMITED	Nominee director	17/12/2010	17/12/2010	Active	NO
5	U40105UP2009SGC038219	WESTERN U. P. POWER TRANSMISSION COMPANY LIMITED	Additional director	29/09/2011	29/09/2011	Active	NO
6	U40108AP2011PLC072056	MEIL GREEN POWER LIMITED	Managing director	02/01/2012	02/01/2012	Active	NO

Name :	Mr. Doraiah Palimpati
Designation :	Whole-time Director
Address :	8-3-320/G/106, Yellareddy Guda, Yousuf Guda, Hyderabad - 500073, Andhra Pradesh, India
Date of Birth/Age :	12.06.1957
Date of Appointment :	28.11.2009
PAN No.:	ACUPP3799B
DIN No.:	02120726

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U45202AP2006PLC050271	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED	Whole-time director	28/11/2009	28/11/2009	Active	NO
2	U11100AP2011PLC076146	SAI RAMA OIL AND GAS INFRA LIMITED	Director	23/08/2011	23/08/2011	Active	NO

Name :	Mr. Venkateswara Pradeep Karumuru
Designation :	Whole-time Director
Address :	15-31-Rtp-1-NI-8-D/01/05, KPHB Mig-Flats V Phase, KPHB Colony, Hyderabad, 500072, Andhra Pradesh, India
Date of Birth/Age :	01.05.1963
Date of Appointment :	28.11.2009
Date of Cessation :	03.02.2012
PAN No.:	AODPK4368L
DIN No.:	02331853

KEY EXECUTIVES

Name :	Mr. J K Chakravarthy Muvvala
Designation :	Secretary
Address :	8C, Progressive Colony, Manovikas Nagar, Bowenpally, Secundrabad, Andhra Pradesh, India
Date of Birth/Age :	18.08.1976
Date of Appointment :	24.12.2008
PAN No.:	ADMPC2324A

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 01.08.2011

Names of Shareholders	No. of Shares
Pitchi Reddy Pamireddy	76483875
Puritipati Venkata Krishna Reddy	73470000
Rama Reddy Pamireddy	18750
Puritipaati Sudharani	18750
P.Manjali Reddy	7500
Peketi Rajesh Reddy	375
Puritipati Venkata Subba Reddy	375
Peddinti Raja Reddy	375
TOTAL	150000000

As on 01.08.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, service provider of chemical process tanks and stainless steel pipes.

PRODUCTION STATUS As on 31.03.2010

Particulars	Unit	Actual Production
Spiral Pipe Mill	MT	68091.950

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Andhra Bank, Balnagar Branch, Balnagar, Hyderabad - 500037, Andhra Pradesh, India

· Axis Bank Limited, ASC Centre, D No.5-2-183/184, 3^rd Floor, R P Road, Secunderabad-500003, Andhra Pradesh, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2011	As on 31.03.2010
Rupee term loans secured
Rupee term loans banks secured	928.054	150.000
Working capital loans secured
Working capital loans banks secured	620.831	1042.651
Loans taken for fixed assets secured
Loans taken for vehicles secured	10.273	32.432
TOTAL	1559.158	1225.083

Banking Relations :	--
Auditors :
Name :	Darapaneni and Company Chartered Accountants
Address :	410-D, Krishna Apartment, Yellareddyguda, Ameerpet, Hyderabad – 500073, Andhra Pradesh, India
Tel. No.:	91-40-23735095
Fax No.:	91-40-23736487
PAN No.:	AAGFD6406K
Associates :	Megha Fibre Glass Industries Limited CIN No.:- U74999AP2006PLC051913
Subsidiaries :	Meil Green Power Limited CIN No.:- U40108AP2011PLC072056 Meil Holdings Limited CIN No.:- U67190AP2009PLC064573 Meil Media Limited CIN No.:- U92419AP2009PLC064563 Meil Advanced Systems Limited CIN No.:- U72900AP2009PLC064883
Other Relatives Parties :	Interactive Data Systems Private Limited CIN No.:- U72900AP2010PTC068993 Interactive Corporation

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
200000000	Equity Shares	Rs.10/- each	Rs. 2000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
150000000	Equity Shares	Rs.10/- each	Rs. 1500.000 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		1500.000	500.000	198.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		6742.464	4582.833	2211.459
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		8242.464	5082.833	2409.959
LOAN FUNDS
1] Secured Loans		1559.158	1225.083	850.546
2] Unsecured Loans		3411.313	1559.351	2364.267
TOTAL BORROWING		4970.471	2784.434	3214.813
DEFERRED TAX LIABILITIES		75.010	49.992	38.056
TOTAL		13287.945	7917.259	5662.828
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1060.388	840.962	667.477
Capital work-in-progress		286.456	51.741	45.768
INVESTMENT		3255.071	2687.425	6.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	459.676	692.224	166.448
	Sundry Debtors	9797.527	4802.336	4356.563
	Cash & Bank Balances	6313.197	5473.171	3666.333
	Other Current Assets	914.452	885.084	1222.736
	Loans & Advances	7003.586	4250.742	2970.363
Total Current Assets		24488.438	16103.557	12382.443
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	10331.906	7252.806	6320.201
	Other Current Liabilities	4993.399	4057.772	792.822
	Provisions	477.103	455.848	325.837
Total Current Liabilities		15802.408	11766.426	7438.860
Net Current Assets		8686.030	4337.131	4943.583
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		13287.945	7917.259	5662.828

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	29027.120	23452.168	23193.483
		Other Income	522.005	365.443	87.404
		TOTAL (A)	29549.125	23817.611	23280.887
Less	EXPENSES
		Construction and other material Consumed	10412.767	8042.176	9931.473
		Increase / Decrease in stocks	--	[61.963]	172.765
		Manufacturing service Costs	1035.932	--	--
		Construction and other works expenses	11439.208	9011.008	8620.291
		Duties and taxes	--	1009.504	1349.057
		Employee Costs	387.308	251.182	149.775
		Administrative Expenses	1105.679	935.399	362.503
		Prior period adjustments	4.026	4.963	[11.633]
		TOTAL (B)	24384.920	19192.269	20574.231
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5164.205	4625.342	2706.656
Less	FINANCIAL EXPENSES (D)		294.044	449.658	286.724
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		4870.161	4175.684	2419.932
Less/ Add	DEPRECIATION/ AMORTISATION (F)		77.814	38.586	33.694
	PROFIT BEFORE TAX (E-F) (G)		4792.347	4137.098	2386.238
Less	TAX (H)		1574.605	1407.420	851.911
	PROFIT AFTER TAX (G-H) (I)		3217.742	2729.678	1534.327
less	Tax adjustments relating to earlier years		--	0.000	0.460
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		4376.833	1905.459	652.875
Less	APPROPRIATIONS
		Transfer to General Reserve	750.000	200.000	200.000
		Proposed Dividend	50.000	50.000	19.850
		Interim Dividend	0.000	0.000	49.626
		Corporate Tax on Dividend	8.111	8.304	11.807
	BALANCE CARRIED TO THE B/S		6786.464	4376.833	1905.459
	IMPORTS
		Stores & Spares	0.043	3.850	0.000
		Capital Goods	74.368	26.225	156.436
		Construction Material	157.879	396.123	14.751
	TOTAL IMPORTS		232.290	426.198	171.187
	Earnings Per Share (Rs.)		21.45	54.72	30.77

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	10.89	11.46	6.59
Net Profit Margin (PBT/Sales)	(%)	16.51	17.64	10.29
Return on Total Assets (PBT/Total Assets}	(%)	18.76	24.42	18.28
Return on Investment (ROI) (PBT/Networth)		0.58	0.81	0.99
Debt Equity Ratio (Total Debt /Networth)		0.60	0.55	1.33
Current Ratio (Current Asset/Current Liability)		1.55	1.37	1.66

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]	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

NOTE

Registered office address of the company has been shifted from S – 3, T.I.E., Balanagar, Hyderabad – 500037, Andhra Pradesh, India to the present address w.e.f. 01.01.2008

OPERATIONAL PERFORMANCE

The Company has achieved a turnover of Rs.29027.100 Millions for the year ended 31st March 2011 as against the turnover of Rs.23452.200 Millions for the year ended 31st March 2010. Gross Profit increased from Rs.4625.300 Millions in 2009-10 to Rs.5378.000 Millions in 2010-11 before Interest and Depreciation. After deducting Interest and Finance charges of Rs.507.800 Millions, providing a sum of Rupees Rs.77.800 Millions towards depreciation and an Income Tax provision of Rs.1573.200 Millions for the year 2010-11, the operations resulted in Net Profit of Rs.3219.100 Millions as against Rs. 2729.700 Millions in 2009-10.

FUTURE OUTLOOK

For Infrastructure business, numerous opportunities are available across the globe and further more in each and every state of India, as Union Government set US$ 500 billion target for development of Infrastructure by 2015, towards the major sectors like Power, Port, Road, Railways, Irrigation and Water Supplies Segments etc.

The company has gained the following strengths during the financial year 2010-11.

Awarded for establishment of 765kv/400kv power transmission line of about 865 kms on BOOT basis from Mainpuri Hapur and Mainpuri Greater Nodia, Uttar Pradesh

Awarded for establishment of 50MW Grid Connected Solar Thermal Power Project in the District of Ananthapur, AP from NTPC Vidyuth Vyapar Nigam Ltd on BOO basis

Obtained 50MW Solar PV Power EPC contract from MAHAGENCO at DHULE Maharashtra value of Rs.5490.000 Millions

Obtained Khargoan LIS project from Government of Madhya Pradesh value of Rs.5510.000 Millions

Obtained Kutch Branch Canal project from Government of Gujarat value of Rs.6010.000 Millions

Obtained EPC contract for building of ESI hospital in the state of Tamilnadu value of Rs.2370.000 Millions

Obtained mandate from Central Government for Providing Urban facilities in Rural Areas (PURA) in Krishna District, Andhra Pradesh.

Entering aggressively in power generation, Power Transmission, Sea Port Development, Railways and city Gas distribution projects across India and establishing regional offices, manufacturing facilities across India

With the core resources, such as men, machinery, technology, experiences and keeping Safety as prime responsibility, the Company is confident of reaching new heights and will emerge as one of the best and well diversified infrastructure companies of the Nation with a Global presence.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U45202AP2006PLC050271
Name of the company	MEGHA ENGINEERING AND INFRASTRUCTURES LIMITED
Address of the registered office or of the principal place of business in India of the company	S – 2, Technocrat Industrial Estate, Balanagar, Hyderabad – 500037, Andhra Pradesh, India gvsr@meilgroup.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10035727
Type of charge	Immovable property
Particular of charge holder	Andhra Bank, Balnagar Branch, Balnagar, Hyderabad-500037, Andhra Pradesh, India bmhydm057@andhrabank.co.in
Nature of instrument creating charge	Memorandum of Entry dated 04th January 2013
Date of instrument Creating the charge	04.01.2013
Amount secured by the charge	Rs.11000.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Extent and Operation of the charge The charge covers entire credit facilities aggregating to Rs.11000.000 Millions plus Interest, additional Interest, penal Interest, costs, charges and expenses etc.,
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Immovable properties were mortgaged by deposit of title deeds as detailed in Memorandum of Entry for creating pari passu charge to all working capital lenders under Multiple Banking Arrangement.
Particulars of the present modification	Immovable properties were mortgaged by deposit of title deeds as detailed in Memorandum of Entry for creating pari passu charge to all working capital lenders under Multiple Banking Arrangement.

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Furniture and Fixtures

· Office Equipments

· Vehicles

· Earth Moving Machinery

· Transport Vehicle

· Tools and Spares

· Data Processing Equipment

· Sheds in Leased Premises

AS PER WEBSITE

PRESS RELEASE

SIEMENS WINS SECOND SOLAR RECEIVERS ORDER FOR SOLAR POWER PLANT IN INDIA

Erlangen, Germany, 2012-Mar-28

Siemens Energy has been awarded an order to supply UVAC 2010 (Universal Vacuum Air Collector) solar receivers for the Megha parabolic trough power plant to be built in Andhra Pradesh, near Hyderabad, India. Megha is now the second project in India to be equipped with solar receivers from Siemens. Purchaser is Megha Engineering and Infrastructure Limited. Siemens will supply approximately 17,000 solar receivers, which will generate all of the heat for the 50 megawatt (MW) facility. Commissioning for the solar plant is scheduled for spring 2013.

The Siemens UVAC 2010 receiver as a key component of a solar thermal power plant features extremely high solar absorption and reduced heat loss with outstanding product durability. The special oil in this tube is heated to around 400°C and is used to transform water to steam at a different location. This steam, in turn, drives a turbine, which is used to ultimately generate electricity.

Siemens UVAC 2010 receivers, which convert thermal solar energy to heat, provide developers with consistently high revenues as a result of their high solar absorption and product durability. The UVAC 2010 is Siemens fifth generation solar receiver product, with outstanding heat output and reliability proven over 20 years of successful solar power plant operations. The Megha power plant is being constructed as part of the Jawaharlal Nehru National Solar Mission (JNNSM), the Indian government's ongoing program for promoting solar power. The program envisages installing up to 20 gigawatts of solar power capacity in India by the year 2022.

"The Indian market is of great importance for us, and we are committed to supplying the best in products, such as the UVAC 2010, as well as complete systems," said Shmuel Fledel, Chief Executive Officer of Siemens Solar Thermal Energy Business Unit. "It is gratifying to see local developers like Megha recognizing the quality of our technology."

Siemens offers highly efficient products as well as system solutions, such as solar fields, power blocks and complete plant solutions, for parabolic trough power plants. As already announced earlier this year, Siemens received an order to supply UVAC 2010 solar receivers for the Abhijeet power plant in Rajasthan, India. Additionally Siemens has been awarded in January three orders to supply a total of four steam turbine generator units for solar thermal power plants in the same state.

"After careful review of solar receiver, we decided to select the UVAC 2010 based on its proven track and performance," noted Shri B. Srinivasa Reddy, Director of Megha Engineering and Infrastructure Ltd. "The solar receiver is one of the critical components in the power plant, and its continuous output over the life of the project is critical for our revenues."

Products and solutions for solar thermal power plants are part of Siemens' Environmental Portfolio. In fiscal 2011, revenue from the Portfolio totaled about €30 billion, making Siemens one of the world's largest suppliers of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by nearly 320 million tons, an amount equal to the total annual CO2 emissions of Berlin, Delhi, Hong Kong, Istanbul, London, New York, Singapore and Tokyo.

VC FUNDING IN SOLAR POWER SECTOR DOWN: MERCOM CAPITAL

HYDERABAD, JAN. 15:  

Global Venture Capital (VC) investments plunged nearly 50 per cent to $992 million in 103 deals in 2012 compared to $1.9 billion raised in 108 deals in 2011.

The funding in 2012 represents the lowest amount since 2007, according to Mercom Capital Group.

"The slowdown in VC funding can be attributed to the grim prospects for thin-film, concentrating solar and concentrating PV technologies," Raj Prabhu, Managing Partner of Mercom Capital Group, said.

"The diminished funding activity is not a true reflection of the health of the solar sector. Global solar installations set to grow by around 10-12 percent this year," he said.

Corporate M and A activity in solar amounted to $6.7 billion in 52 transactions compared with $4 billion in 65 transactions in 2011.

Debt funding in 2012 came in at $6.9 billion in 34 deals, compared with $19.9 billion in 41 deals in 2011 and $35.7 billion in 29 deals in 2010.

Mercom tracked 35 solar companies that filed for insolvency or bankruptcy protection during 2012.

Among some project developments, Megha Engineering and Infrastructures Limited signed a 15-year term loan backing development of a 50 MW solar project in Anantapur. Welspun Energy secured a long-term project funding for a 50 MW solar PV project in Rajasthan from a consortium of lenders comprising three PSU Banks.

Mahindra Suryaprakash secured a loan from The Export-Import Bank of the United States to construct two solar photovoltaic plants of 20 MW and 10 MW in Rajasthan.

IFC provided debt finance to Mahindra Solar One for a 5 MW solar power project in Rajasthan. Azure Power received loan from IFC for a 2.5 MW rooftop solar power project in Gandhinagar, Gujarat.

In another transaction, Azure secured long-term financing from the Export Import Bank of the United States to expand its 5 MW solar PV project to 40 MW in Nagaur, Rajasthan.

Reliance Power secured a loan from Asian Development Bank (ADB) for its 100 MW project in Rajasthan

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 records 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.53.84
UK Pound	1	Rs.81.24
Euro	1	Rs.70.39

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		43

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.