MIRA INFORM REPORT

Report Date :

02.10.2013

IDENTIFICATION DETAILS

Name :	FEEDBACK INFRA PRIVATE LIMITED (w.e.f. 14.05.2013)
Formerly Known As :	FEEDBACK INFRASTRUCTURE SERVICES PRIVATE LIMITED (w.e.f. 29.04.2011) FEEDBACK VENTURES PRIVATE LIMITED FEEDBACK VENTURES AND COLLABORATION SERVICES PRIVATE LIMITED
Registered Office :	311, 3^rd Floor, Vardhaman Plaza, Pocket 7, Plot No.6, Sector 12, Dwarka, New Delhi – 110 078
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	27.06.1990
Com. Reg. No.:	55-040630
Capital Investment / Paid-up Capital :	Rs.163.617 millions
CIN No.: [Company Identification No.]	U74899DL1990PTC040630
PAN No.: [Permanent Account No.]	AAACF0066G
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in rendering Consultancy Services in the field of Infrastructure Development across various sectors viz. Engineering, Project Management, Power and Urban Transportation.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 3288000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. There is dip in the profit of the company during 2012. However, overall financial position of the company appears to be sound and healthy. However, trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – 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.

LOCATIONS

Registered Office :	311, 3^rd Floor, Vardhaman Plaza, Pocket 7, Plot No.6, Sector 12, Dwarka, New Delhi – 110 078, India
Tel. No.:	91-11-28035884
	Not Available
E-Mail :	secretarial@feedbackinfra.com For Business Inquiries: inquiries@feedbackinfra.com For Jobs: jobs@feedbackinfra.com
Website:	http://www.feedbackinfra.com
Corporate Office :	15^th Floor, Tower 9B, DLF Cyber City, Phase-III, Gurgaon – 122 002, Haryana, India
Tel. No.:	91-124-4169100
Fax No.:	91-124-4169175

DIRECTORS

AS ON 27.04.2013

Name :

Mr. Vinayak Chatterjee

Designation :

Managing Director

Address :

E2278, Palam Vihar, Gurgaon – 122 017, Haryana, India

Date of Birth/Age :

30.08.1959

Date of Appointment :

06.01.2007

DIN No.:

0008933

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	U67120DL1996PTC082287	MISSION HOLDINGS PRIVATE LIMITED	Director	27/09/1996	27/09/1996	-	Active	NO
2	L18101DL1970PLC005197	SRF LIMITED	Director	05/03/2002	05/03/2002	-	Active	NO
3	U45201DL2001PTC113536	FEEDBACK INTEGRATED INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	22/06/2002	22/06/2002	23/03/2007	Active	NO
4	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Managing director	06/01/2007	06/01/2007	-	Active	NO
5	U40101DL2005PLC138906	AVANTHA POWER AND INFRASTRUCTURE LIMITED	Director	25/09/2007	08/01/2007	-	Active	NO
6	L74899DL1993PLC053677	IFCI LIMITED	Additional director	04/08/2007	04/08/2007	18/09/2007	Active	NO
7	U45400HR2009PTC039883	FEEDBACK BRISA HIGHWAYS OMT PRIVATE LIMITED	Nominee director	07/04/2011	05/01/2010	-	Active	NO
8	U40300HR2011PTC041945	FEEDBACK POWER OPERATIONS AND MAINTENANCE SERVICES PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
9	U26940MH1999PTC118229	LAFARGE INDIA PRIVATE LIMITED.	Director	17/08/2011	17/08/2011	-	Active	NO
10	U40300DL2012PTC244113	FEEDBACK ENERGY DISTRIBUTION COMPANY PRIVATE LIMITED	Director	29/10/2012	29/10/2012	-	Active	NO

Name :

Mr. Rayaprolu Sambamoorthi Ramasubramaniam

Designation :

Director

Address :

4404, B-5 and 6, Vasant Kunj, New Delhi – 110 070, India

Date of Birth/Age :

07.07.1956

Date of Appointment :

27.06.1990

DIN No.:

00008937

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	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Director	27/06/1990	27/06/1990	-	Active	NO
2	U80101DL2000PTC106371	REACH INTERACTIVE COM PRIVATE LIMITED	Director	20/06/2000	20/06/2000	-	Active	NO
3	U67120DL1996PTC082287	MISSION HOLDINGS PRIVATE LIMITED	Director	13/05/2005	13/05/2005	-	Active	NO
4	U45201DL2001PTC113536	FEEDBACK INTEGRATED INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	06/01/2007	06/01/2007	23/03/2007	Active	NO
5	U45400HR2009PTC039883	FEEDBACK BRISA HIGHWAYS OMT PRIVATE LIMITED	Nominee director	15/01/2011	29/12/2009	05/07/2012	Active	NO
6	U74999WB2008PTC124989	FEEDBACK VENTURES AND GHOSH BOSE ASSOCIATES PRIVATE LIMITED	Director	14/01/2011	14/01/2011	-	Active	NO
7	U40300HR2011PTC041945	FEEDBACK POWER OPERATIONS AND MAINTENANCE SERVICES PRIVATE LIMITED	Director	21/01/2011	21/01/2011	-	Active	NO
8	U40300DL2012PTC244113	FEEDBACK ENERGY DISTRIBUTION COMPANY PRIVATE LIMITED	Additional director	31/10/2012	31/10/2012	-	Active	NO

Name :

Mrs. Renu Sud Karnad

Designation :

Nominee Director

Address :

BB14, Greater Kailash-2, New Delhi – 110 048, India

Date of Birth/Age :

03.09.1952

Date of Appointment :

30.03.1998

DIN No.:

00008064

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	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Nominee director	30/03/1998	30/03/1998	-	Active	NO
2	L70100MH1977PLC019916	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	Managing director	01/01/2010	03/05/2000	-	Active	NO
3	U74140MH2000PLC124897	HDFC REALTY LIMITED	Nominee director	27/06/2000	27/06/2000	13/05/2009	Active	NO
4	U65991MH1999PLC123027	HDFC ASSET MANAGEMENT COMPANY LIMITED	Director	11/07/2000	11/07/2000	-	Active	NO
5	L65923GJ1986PLC008809	GRUH FINANCE LIMITED	Director	28/07/2000	28/07/2000	-	Active	NO
6	U72300MH2000PLC128359	CREDIT INFORMATION BUREAU (INDIA) LIMITED	Director	20/02/2001	20/02/2001	-	Active	NO
7	U66010MH2002PLC134869	HDFC ERGO GENERAL INSURANCE COMPANY LIMITED	Director	08/02/2002	08/02/2002	-	Active	NO
8	L65920MH1994PLC080618	HDFC BANK LIMITED	Director	06/07/2011	17/07/2002	-	Active	NO
9	U15209DL2000PTC104671	MOTHER DAIRY FRUIT AND VEGETABLE PRIVATE LIMITED	Director	22/10/2002	22/10/2002	07/01/2010	Active	NO
10	L24292WB1954PLC021516	AKZO NOBEL INDIA LIMITED	Director	01/08/2003	01/08/2003	-	Active	NO
11	U99999MH2000PTC129112	INTELENET GLOBAL SERVICES PRIVATE LIMITED	Director	21/07/2004	21/07/2004	19/09/2007	Amalgamated	NO
12	U65920MH2004PTC144182	HDFC SALES PRIVATE LIMITED	Nominee director	08/09/2004	08/09/2004	17/10/2012	Active	NO
13	U65991MH2004PLC149330	HDFC VENTURE CAPITAL LIMITED	Director	21/02/2005	21/02/2005	10/10/2011	Active	NO
14	L24232DL1988PLC030958	INDRAPRASTHA MEDICAL CORPORATION LIMITED	Director	31/08/2005	31/08/2005	-	Active	NO
15	U99999MH2000PLC128245	HDFC STANDARD LIFE INSURANCE COMPANY LIMITED	Director	25/01/2006	25/01/2006	-	Active	NO
16	U72900MH2005PLC157255	SPARSH BPO SERVICES LIMITED	Director	09/02/2006	09/02/2006	07/07/2011	Active	NO
17	U74140MH2006PLC165539	HDFC PROPERTY VENTURES LIMITED	Nominee director	14/11/2006	14/11/2006	-	Active	NO
18	L85110KA1951PLC000761	BOSCH LIMITED	Director	07/06/2007	01/04/2007	-	Active	NO
19	U67120DL1996PTC080556	G4S CORPORATE SERVICES (INDIA) PRIVATE LIMITED	Director	30/09/2009	13/11/2008	-	Active	NO
20	U45202KA2008PTC047156	VALUE AND BUDGET HOUSING CORPORATION PRIVATE LIMITED	Nominee director	17/09/2010	27/11/2009	10/07/2013	Active	NO
21	U93090MH2010NPL208544	BHAVISHYA ALLIANCE CHILD NUTRITION INITIATIVES	Director	03/10/2010	03/10/2010	-	Active	NO
22	U65990MH2006PTC159411	CREDILA FINANCIAL SERVICES PRIVATE LIMITED	Nominee director	20/10/2010	20/10/2010	-	Active	NO
23	L24230GJ1972PLC002126	TORRENT PHARMACEUTICALS LIMITED	Director	30/07/2011	18/04/2011	10/10/2011	Active	NO
24	U26940MH1999PTC118229	LAFARGE INDIA PRIVATE LIMITED.	Director	17/08/2011	17/08/2011	-	Active	NO
25	L55101WB1949PLC017981	EIH LIMITED	Director	07/08/2012	31/10/2011	-	Active	NO
26	U80301MH2011PTC224035	HDFC EDUCATION AND DEVELOPMENT SERVICES PRIVATE LIMITED	Director	17/11/2011	17/11/2011	01/07/2013	Active	NO
27	U93000MH2012NPL237056	H T PAREKH FOUNDATION	Director	19/07/2013	19/10/2012	-	Active	NO
28	L01551KA1999PLC024991	UNITED SPIRITS LIMITED	Additional director	04/07/2013	04/07/2013	-	Active	NO
29	L32202KA1949PLC032923	ABB INDIA LIMITED	Additional director	09/08/2013	09/08/2013	-	Active	NO

Name :

Mr. Alwarthirunagari Kuppuswamy Thiruvenkata Chari

Designation :

Nominee Director

Address :

D-804, Mantri Green, No.1, Sampige Road, Malleshwaram, Bangalore – 560 003, Karnataka, India

Date of Birth/Age :

16.12.1939

Date of Appointment :

24.07.2008

DIN No.:

00746153

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	U45203KA2000PLC027382	INFRASTRUCTURE DEVELOPMENT CORPORATION (KARNATAKA) LIMITED	Director	30/06/2000	30/06/2000	-	Active	NO
2	U45201DL2000PLC105292	IDFC FINANCE LIMITED	Nominee director	17/08/2001	17/08/2001	21/07/2011	Active	NO
3	U65993UR2002SGC027065	UTTARAKHAND INFRASTRUCTURE DEVELOPMENT COMPANY LIMITED	Director	18/11/2002	18/11/2002	29/11/2010	Active	NO
4	U74210DL2007PTC160401	ATHENA ENERGY VENTURES PRIVATE LIMITED	Director	23/06/2008	09/06/2008	21/03/2013	Active	NO
5	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Nominee director	24/07/2008	24/07/2008	-	Active	NO
6	U45203MH2007PLC176640	IDFC PROJECTS LIMITED	Director	06/07/2009	01/10/2008	21/07/2011	Active	NO
7	U60200MH2007PLC175335	JETPUR SOMNATH HIGHWAY LIMITED	Director	29/06/2009	21/04/2009	-	Strike off	NO
8	U40109AP2003PLC040899	DHEERU POWERGEN LIMITED	Nominee director	22/07/2010	05/02/2010	21/07/2011	Active	NO
9	U99999MH2000PLC128245	HDFC STANDARD LIFE INSURANCE COMPANY LIMITED	Director	05/08/2010	10/03/2010	-	Active	NO
10	U45400MH2007PTC174567	TRIL ROADS PRIVATE LIMITED	Director	11/07/2011	01/06/2011	23/05/2013	Active	NO
11	U74990MH2010PTC207854	MAHINDRA EPC SERVICES PRIVATE LIMITED	Director	06/08/2013	14/02/2013	-	Active	NO
12	U66020MH2011PLC218824	HDFC PENSION MANAGEMENT COMPANY LIMITED	Director	30/04/2013	06/03/2013	-	Active	NO
13	U15122KA1993PLC048636	SNOWMAN LOGISTICS LIMITED	Additional director	01/08/2013	01/08/2013	-	Active	NO

Name :

Krishnamurthy Venkatesh

Designation :

Nominee Director

Address :

ECC Apartments, 36-C, B.N. Reddy Road, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

30.01.1957

Date of Appointment :

17.04.2012

DIN No.:

00240086

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	U72200AP1997PLC026885	L & T INFOCITY LIMITED	Director	16/11/2001	16/11/2001	21/11/2011	Active	NO
2	U45201TN1997PLC038175	NARMADA INFRASTRUCTURE CONSTRUCTION ENTERPRISE LIMITED	Director	31/01/2002	31/01/2002	15/03/2007	Active	NO
3	U45203TN1999PLC042518	L&T WESTERN INDIA TOLLBRIDGE LIMITED	Director	25/09/2002	25/09/2002	15/03/2007	Active	NO
4	U45203TN1997PLC039102	L & T TRANSPORTATION INFRASTRUCTURE LIMITED	Director	25/09/2002	25/09/2002	27/03/2007	Active	NO
5	U45201WB2001PTC109652	SECOND VIVEKANANDA BRIDGE TOLLWAY COMPANY PRIVATE LIMITED	Director	25/02/2003	25/02/2003	27/10/2009	Active	NO
6	U24239AP1998PLC030697	KAKINADA SEAPORTS LIMITED	Director	05/02/2004	05/02/2004	08/08/2008	Active	NO
7	U67120MH2004PLC149297	PATALIPUTRA HIGHWAY LIMITED	Director	26/04/2006	23/04/2005	30/05/2008	Active	NO
8	U45209TN2005PLC057133	L&T TECH PARK LIMITED	Director	08/08/2005	08/08/2005	19/12/2007	Active	NO
9	U45203TN2005PLC056999	L & T PANIPAT ELEVATED CORRIDOR LIMITED	Director	24/03/2008	20/09/2005	-	Active	NO
10	U45203TN2005PLC057931	L & T WESTERN ANDHRA TOLLWAYS LIMITED	Additional director	22/08/2011	02/11/2005	05/07/2012	Active	NO
11	U45203TN2005PLC057930	L & T KRISHNAGIRI THOPUR TOLL ROAD LIMITED	Director appointed in casual vacancy	18/03/2008	02/11/2005	31/05/2008	Active	NO
12	U45203TN2005PLC058417	L & T VADODARA BHARUCH TOLLWAY LIMITED	Director	23/12/2005	23/12/2005	15/03/2007	Active	NO
13	U45203TN2006PLC058735	L& T INTERSTATE ROAD CORRIDOR LIMITED	Director	02/02/2006	02/02/2006	15/03/2007	Active	NO
14	U24233AP2003PTC041279	PHOENIX INFOCITY PRIVATE LIMITED	Director	29/09/2006	13/02/2006	30/03/2010	Active	NO
15	U45202KA2002PLC030180	CYBER PARK DEVELOPMENT AND CONSTRUCTION LIMITED	Director	28/02/2006	28/02/2006	18/12/2007	Active	NO
16	U45203TN2006PLC059133	L & T URBAN INFRASTRUCTURE LIMITED	Director	08/03/2006	08/03/2006	11/02/2012	Amalgamated	NO
17	U52520AP2001PLC037105	HYDERABAD INTERNATIONAL TRADE EXPOSITIONS LIMITED	Nominee director	17/07/2006	23/03/2006	21/12/2011	Active	NO
18	U67190TN2006PLC059527	L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	Director	18/04/2006	18/04/2006	13/08/2010	Active	NO
19	U40101MH2007PLC174071	L&T POWER DEVELOPMENT LIMITED	Director	12/09/2007	12/09/2007	11/11/2010	Active	NO
20	U70102MH2007PTC176291	L&T INFRA AND PROPERTY DEVELOPMENT PRIVATE LIMITED	Director	29/11/2007	29/11/2007	25/03/2008	Strike off	NO
21	U74200MH2007PLC176358	L&T REALTY LIMITED	Director	30/11/2007	30/11/2007	25/03/2008	Active	NO
22	U70101CH2006PTC029576	CSJ INFRASTRUCTURE PRIVATE LIMITED.	Director	26/05/2008	10/12/2007	29/03/2012	Active	NO
23	U45309TN2008PLC066938	L&T CHENNAI-TADA TOLLWAY LIMITED	Director	24/03/2008	24/03/2008	06/08/2012	Active	NO
24	U74900TN2007PLC065356	L&T SHIPBUILDING LIMITED	Director	10/06/2008	25/03/2008	-	Active	NO
25	U45203MH2008PTC178526	L&T TRANSCO PRIVATE LIMITED	Director	20/06/2008	26/03/2008	-	Active	NO
26	U45205TN2004PLC069094	INTERNATIONAL SEAPORT DREDGING LIMITED	Director	23/09/2008	31/05/2008	-	Active	NO
27	U40102HP2010PLC031697	L&T HIMACHAL HYDROPOWER LIMITED	Director	22/06/2010	22/06/2010	24/03/2011	Active	NO
28	U40300MH2010PLC204778	L&T ARUNACHAL HYDROPOWER LIMITED	Director	24/06/2010	24/06/2010	24/03/2011	Active	NO
29	U45300AP2010PLC070121	L&T METRO RAIL (HYDERABAD) LIMITED	Director	24/08/2010	24/08/2010	-	Active	NO
30	U45203TN2011PLC080786	L&T BPP TOLLWAY LIMITED	Director	25/05/2011	25/05/2011	-	Active	NO
31	U65993TN2001PLC046691	L&T INFRASTRUCTURE DEVELOPMENT PROJECTS LIMITED	Managing director	13/07/2011	13/07/2011	-	Active	NO
32	U45205OR1998PLC005448	THE DHAMRA PORT COMPANY LIMITED	Director appointed in casual vacancy	29/08/2011	29/08/2011	-	Active	NO
33	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Nominee director	17/04/2012	17/04/2012	-	Active	NO
34	U40106DL2012GOI245339	KUDGI TRANSMISSION LIMITED	Additional director	30/08/2013	30/08/2013	-	Active	NO

Name :

Suneet Shriniwas Maheshwari

Designation :

Nominee Director

Address :

Flat No.192-193, Tower-A, 19^th Floor, Kalpataru Habitat, Mumbai – 400 012, Maharashtra, India

Date of Birth/Age :

21.04.1958

Date of Appointment :

17.04.2012

DIN No.:

00420952

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	U74990MH2009PTC193936	L&T TRUSTEE COMPANY PRIVATE LIMITED	Director	27/07/2010	21/01/2010	-	Active	NO
2	U67190MH2000PLC125653	L & T CAPITAL COMPANY LIMITED	Director	28/04/2010	29/03/2010	13/07/2013	Active	NO
3	U31401UR2006PLC032329	L & T UTTARANCHAL HYDROPOWER LIMITED	Director appointed in casual vacancy	25/11/2010	25/11/2010	22/03/2012	Active	NO
4	U40102HP2010PLC031697	L&T HIMACHAL HYDROPOWER LIMITED	Director appointed in casual vacancy	20/12/2010	20/12/2010	22/03/2012	Active	NO
5	U40300MH2010PLC204778	L&T ARUNACHAL HYDROPOWER LIMITED	Director appointed in casual vacancy	20/12/2010	20/12/2010	22/03/2012	Active	NO
6	U67190MH2011PTC218046	L&T INFRA INVESTMENT PARTNERS ADVISORY PRIVATE LIMITED	Director	30/05/2011	30/05/2011	-	Active	NO
7	U72900MH2008PTC182808	TIKONA DIGITAL NETWORKS PRIVATE LIMITED	Director	05/12/2012	03/11/2011	30/07/2013	Active	NO
8	U65100TN2011PLC083348	L&T ACCESS FINANCIAL ADVISORY SERVICES LIMITED	Director	29/11/2011	29/11/2011	-	Active	NO
9	U67190TN2006PLC059527	L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	Managing director	13/07/2012	31/01/2012	-	Active	NO
10	U65910MH1997PLC108179	L&T FINCORP LIMITED	Director appointed in casual vacancy	21/02/2012	21/02/2012	-	Active	NO
11	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Nominee director	17/04/2012	17/04/2012	-	Active	NO
12	U45200DL1994PLC198639	L&T HOUSING FINANCE LIMITED	Director	21/09/2013	09/10/2012	-	Active	NO
13	U67100MH2013PLC241104	L&T INFRA DEBT FUND LIMITED	Director	19/03/2013	19/03/2013	-	Active	NO

Name :

Mr. Ramesh Puthankalam

Designation :

Nominee Director

Address :

B-372 Mahindra Gardens, Off S.V. Road, Goregoan (West), Mumbai – 400 062, Maharashtra, India

Date of Birth/Age :

28.03.1966

Date of Appointment :

17.12.2010

DIN No.:

02166684

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	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Nominee director	17/12/2010	15/04/2008	-	Active	NO
2	U45201DL2001PTC113536	FEEDBACK INTEGRATED INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	01/04/2009	01/04/2009	17/12/2010	Active	NO
3	U40300HR2011PTC041945	FEEDBACK POWER OPERATIONS AND MAINTENANCE SERVICES PRIVATE LIMITED	Director	04/05/2012	10/02/2011	-	Active	NO
4	U67120DL1996PTC082287	MISSION HOLDINGS PRIVATE LIMITED	Director	11/05/2011	10/03/2011	-	Active	NO
5	U40300DL2012PTC244113	FEEDBACK ENERGY DISTRIBUTION COMPANY PRIVATE LIMITED	Director	29/10/2012	29/10/2012	-	Active	NO

Name :

Mrs. Rumjhum Chatterjee

Designation :

Director

Address :

E2278, Palam Vihar, Gurgaon – 122 017, Haryana, India

Date of Birth/Age :

08.08.1960

Date of Appointment :

15.04.2009

DIN No.:

00283824

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	U80101DL2000PTC106371	REACH INTERACTIVE COM PRIVATE LIMITED	Director	02/01/2007	02/01/2007	-	Active	NO
2	U45201DL2001PTC113536	FEEDBACK INTEGRATED INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	23/03/2007	23/03/2007	12/11/2007	Active	NO
3	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Director	15/04/2009	24/10/2008	-	Active	NO
4	U67120DL1996PTC082287	MISSION HOLDINGS PRIVATE LIMITED	Director	11/05/2011	10/03/2011	-	Active	NO

Name :

Mr. Manavendra Kumar Sinha

Designation :

Nominee Director

Address :

IDFC Limited, Ramon House, 169 backbay Reclamation Mumbai – 400020, Maharashtra, India

Date of Birth/Age :

16.09.1966

Date of Appointment :

12.01.2006

DIN No.:

00733068

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	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Nominee director	12/01/2006	12/01/2006	-	Active	NO
2	U45203CT1997PTC012220	SMS SHIVNATH INFRASTRUCTURE PRIVATE LIMITED	Nominee director	06/06/2012	23/10/2007	-	Active	NO
3	U31200DD2003PLC003236	WIND WORLD (INDIA) LIMITED	Nominee director	18/04/2008	18/04/2008	18/04/2008	Active	NO
4	U90000MH2003PTC141342	HANJER BIOTECH ENERGIES PRIVATE LIMITED	Nominee director	09/06/2009	09/06/2009	15/10/2012	Active	NO
5	U40108AP2009PLC065804	MYTRAH ENERGY (INDIA) LIMITED	Nominee director	08/09/2011	22/07/2011	23/11/2011	Active	NO
6	U45200MH2010PTC208056	PIRAMAL ROADS INFRA PRIVATE LIMITED	Director	24/09/2012	14/03/2012	-	Active	NO
7	U67120DL2008PLC182140	INDIAN COMMODITY EXCHANGE LIMITED	Nominee director	17/09/2012	08/08/2012	25/03/2013	Active	NO
8	U63000MH2005PTC156922	HUMAN VALUE DEVELOPERS PRIVATE LIMITED	Additional director	05/09/2012	05/09/2012	06/03/2013	Active	NO
9	U99999MH1995PLC087498	SHAREKHAN LIMITED	Additional director	15/10/2012	15/10/2012	06/03/2013	Active	NO
10	U65999MH2002PLC134884	ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED	Additional director	26/11/2012	26/11/2012	06/03/2013	Active	NO

Name :

Mr. Parvesh Minocha

Designation :

Nominee Director

Address :

C-602, Sarita Vihar, New Delhi – 110 076, India

Date of Birth/Age :

30.06.1960

Date of Appointment :

17.04.2012

DIN No.:

00008946

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	U45201DL2001PTC113536	FEEDBACK INTEGRATED INFRASTRUCTURE DEVELOPERS PRIVATE LIMITED	Director	17/12/2010	23/03/2007	-	Active	NO
2	U74899DL1990PTC040630	FEEDBACK INFRA PRIVATE LIMITED	Nominee director	17/04/2012	15/04/2009	-	Active	NO
3	U45400HR2009PTC039883	FEEDBACK BRISA HIGHWAYS OMT PRIVATE LIMITED	Nominee director	15/01/2011	29/12/2009	-	Active	NO
4	U67120DL1996PTC082287	MISSION HOLDINGS PRIVATE LIMITED	Director	11/05/2011	10/03/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Tilak Raj
Designation :	Secretary
Address :	B-5/25, 1^st Floor, Krishna Nagar, Delhi – 110 051, India
Date of Birth/Age :	15.12.1971
Date of Appointment :	27.01.2011
PAN No.:	ABHPT1361M

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 27.04.2013

Names of Shareholders	No. of Shares
Mission Holdings Private Limited, India	6734500
Housing Development Finance Corporation Limited, India	1810515
Infrastructure Development Finance Company Limited, India	4026689
L & T Infrastructure Finance Company Limited, India	3790000
Total	16361704

AS ON 27.04.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in rendering Consultancy Services in the field of Infrastructure Development across various sectors viz. Engineering, Project Management, Power and Urban Transportation.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

• IndusInd Bank Limited, Dr. Gopal Das Building, 28, Barakhamba Road, New Delhi – 110 001, India
• HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India
• Union Bank of India, SME Gurgaon Branch, SCO-13, Huda Commercial Complex, Sector-14, Gurgaon – 122 001, Haryana, India
• Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India

Facilities :

Secured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG-TERM BORROWINGS
Rupee term loans from banks	4.039	4.077
SHORT-TERM BORROWINGS
Loans repayable on demand from banks	143.720	123.970
Total	147.759	128.047

Banking Relations :	--
Auditors :
Name :	S.S. Kothari Mehta and Company Chartered Accountants
Address :	146-149, Tribhuvan Complex, Ishwar Nagar, Mathura Road, New Delhi – 110 065, India
Tel. No.:	91-11-46708888
Fax No.:	91-11-66628889
E-Mail :	delhi@sskmin.com
PAN No.:	AABFS6730L
Subsidiary Companies :	Feedback Ventures and Ghosh Bose Associates Private Limited (Formerly known as Bengal Feedback Ventures Private Limited), India Feedback Brisa Highways OMT Private Limited (Formerly known as Feedback Highways OMT Private Limited), India Feedback Ventures Nepal Limited, India Feedback Power Operations and Maintenance Services Private Limited, India
Investing Party in respect of which the Reporting Enterprise is associate :	Mission Holdings Private Limited Infrastructure Development Finance Company Limited L & T Capital Company Limited
Investee Party in respect of which the Reporting Enterprise is Contributor / Investor (Joint Ventures) :	India Infrastructure Initiative Trust, India
Enterprises over which Key Management Personnel is able to exercise control or significant influence :	Feedback Foundation Trust

CAPITAL STRUCTURE

AS ON 27.04.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs.200.000 millions
1000000	Preference Shares	Rs.100/- each	Rs.100.000 millions
	Total		Rs.300.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
16361704	Equity Shares	Rs.10/- each	Rs.163.617 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	163.617	163.617
(b) Reserves & Surplus	658.381	639.945
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	821.998	803.562
(3) Non-Current Liabilities
(a) Long-term borrowings	704.039	4.077
(b) Deferred tax liabilities (Net)	9.945	13.954
(c) Other long term liabilities	40.626	2.602
(d) Long-term provisions	17.095	28.253
Total Non-current Liabilities (3)	771.705	48.886
(4) Current Liabilities
(a) Short term borrowings	143.720	123.970
(b) Trade payables	15.886	9.977
(c) Other current liabilities	105.461	81.427
(d) Short-term provisions	35.372	40.018
Total Current Liabilities (4)	300.439	255.392
TOTAL	1894.142	1107.840
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	112.002	107.035
(ii) Intangible Assets	52.528	71.332
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development or work-in-progress	35.485	18.324
(b) Non-current Investments	265.189	105.375
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	240.103	163.059
(e) Other Non-current assets	23.932	15.354
Total Non-Current Assets	729.239	480.479
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	0.000	0.000
(c) Trade receivables	377.142	387.172
(d) Cash and cash equivalents	647.030	119.804
(e) Short-term loans and advances	55.598	52.784
(f) Other current assets	85.133	67.601
Total Current Assets	1164.903	627.361
TOTAL	1894.142	1107.840

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		163.617
2] Share Application Money		0.000
3] Reserves & Surplus		582.163
4] (Accumulated Losses)		0.000
NETWORTH		745.780
LOAN FUNDS
1] Secured Loans		79.443
2] Unsecured Loans		0.000
TOTAL BORROWING		79.443
DEFERRED TAX LIABILITIES		15.108
TOTAL		840.331
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		200.645
Capital work-in-progress		0.000
INVESTMENT		40.205
DEFERRED TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	290.776
	Cash & Bank Balances	283.984
	Other Current Assets	19.163
	Loans & Advances	184.422
Total Current Assets		778.345
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	46.604
	Other Current Liabilities	67.814
	Provisions	64.446
Total Current Liabilities		178.864
Net Current Assets		599.481
MISCELLANEOUS EXPENSES		0.000
TOTAL		840.331

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Gross Income	1557.000	1373.000	1068.000
		Other Income	NA	NA	NA
		TOTAL (A)	NA	NA	NA
Less	EXPENSES
		Office Expenses	NA	NA	NA
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	NA	NA	NA
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		198.000	211.000	153.000
Less	FINANCIAL EXPENSES (D)		46.000	27.000	23.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		152.000	184.000	130.000
Less/ Add	DEPRECIATION/ AMORTISATION (F)		43.000	42.000	29.000
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		109.000	142.000	101.000
Less	TAX (H)		34.000	46.000	35.000
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		75.000	96.000	66.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		168.000	117.000	90.000
Less	APPROPRIATIONS
		Transfer to Debenture Redemption Reserve	26.000	0.000	0.000
		Transfer to General Reserve	0.000	7.000	5.000
		Final Dividend on Equity shares (proposed 20% for 2010-11)	0.000	33.000	29.000
		Corporate Tax on Dividend	0.000	5.000	5.000
	BALANCE CARRIED TO THE B/S		217.000	168.000	117.000
	EARNINGS IN FOREIGN CURRENCY
		Professional Income	46.305	80.965	81.415
		Reimbursement of out-of-pocket expenses	4.071	4.912	4.247
	TOTAL EARNINGS		50.376	85.877	85.662
	Earnings / (Loss) Per Share (Rs.)		4.58	5.87	4.03

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
Return on Total Assets (PBT/Total Assets}	(%)	6.84	14.43	10.32
Return on Investment (ROI) (PBT/Networth)		0.13	0.18	0.14
Debt Equity Ratio (Total Debt/Networth)		1.03	0.16	0.11
Current Ratio (Current Asset/Current Liability)		3.88	2.46	4.35

LOCAL AGENCY FURTHER INFORMATION

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	Yes
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	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	No
33) Voter ID No of Proprietor/Partner/Director, if available	No
34) External Agency Rating, if available	No

Note:

The registered office of the company has been shifted from 311, 3^rd Floor, Vardhaman Plaza, Sector 12, Dwarka, New Delhi – 110 075 to the present address w.e.f. 03.09.2012.

Unsecured Loans	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
LONG-TERM BORROWINGS
Non-convertible debentures others	700.000	0.000
Total	700.000	0.000

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10444248	14/08/2013	300,000,000.00	INDUSIND BANK LIMITED	DR. GOPAL DAS BUILDING, 28, BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA	B82681156
2	10439758	03/06/2013	100,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA	B80739048
3	10275351	28/02/2013 *	200,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B73591935
4	10181246	26/07/2012 *	170,000,000.00	UNION BANK OF INDIA	SME GURGAON BRANCH, SCO-13, HUDA COMMERCIAL COMPLEX, SECTOR-14, GURGAON, HARYANA - 122001, INDIA	B55924211
5	90039882	04/09/2006 *	155,000,000.00	YES BANK LIMITED	9TH FLOOR NEHRU CENTREDISCOVERY OF INDIA, DR ANNIE BESANT ROAD WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	-
6	90051382	04/09/2006 *	155,000,000.00	YES BANK LIMITED	9TH FLOOR NEHRU CENTREDISCOVERY OF INDIA, DR ANNIE BESANT ROAD WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	-
7	90063412	03/01/2013 *	520,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	B67572925
8	90038047	21/04/2003	14,700,000.00	OCL INDIA LIMITED	B-47; CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA	-
9	90049770	13/01/2004 *	14,700,000.00	OCL INDIA LIMITED	B--47; CONNAUGHT PLACE, NEW DELHI - 110001, INDIA	-
10	90036204	14/11/2000	3,000,000.00	ORIENTAL BANK OF COMMERCE	G-11; SOUTH EXTN-I, NEW DELHI - 110049, INDIA	-

* Date of charge modification

NATURE OF OPERATIONS

Subject is engaged in rendering Consultancy Services in the field of Infrastructure Development across various sectors viz. Engineering, Project Management, Power and Urban Transportation.

FINANCIALS RESULTS

The year ended 31^st March 2012, whilst generally challenging for the Indian economy, was particularly so for the infrastructure sector. While the economic growth slowed to 6.9% of GDP (compared to 8.4% of GDP in the preceding two years), inflation remained high for most part of the financial year leading to tightening of monetary policies by the Reserve Bank of India (resulting in high interest rates and input costs). This situation was further impacted as timely policy level interventions and key economic reforms were delayed during the fiscal year, leading to substantial contraction in new investments and project-related decisions. Adding to domestic concerns was the global economic environment, which had been uncertain throughout the year, due to the turmoil in the Euro zone and doubts about recovery in the US economy. A combination of the above factors led to considerable slowdown in fresh capital investments and delays in executing ongoing projects.

In the backdrop of this economic environment, the company was able to judiciously manage its operations through timely interventions in a number of areas. They included:

• Focus towards timely execution of orders in hand to maximize billing potential for the financial year, in light of the tight market conditions for new commissioning;
• Re-gearing of service offering of Divisions to meet changing client and market requirements (e.g. Corporate Advisory Division shifted focus to mandates involving operations improvement and program management while Energy Division increased focus on pursuing non-fuel based opportunities);
• The threshold limit for accepting new assignments with fixed fee below Rs.2.000 millions was partially relaxed to address lower price expectations in certain segments of the marketplace and to maintain competitive share;
• Cost optimisation involving freeze in discretionary overheads and rationalization of personnel costs; and
• Setting up a dedicated team to focus on the financial advisory business (FAD) to enable a stream of revenues that can provide substantial upside to the company’s bottom line from success fees in capital mobilisation.
• Special efforts to garner international assignments.

As a result of the above measures, the company’s revenue rose to Rs.1560.000 millions (previous year Rs.1373.000 millions), an increase of 14% to generate a Profit Before Tax of Rs.109.000 millions (previous year Rs.142.000 millions) and a CAGR (in turnover) of 26 % over the last 5 years.

The company conducted its operations through five strategic Divisions –

Corporate Advisory Division (CAD), Energy Division (ED), Government Advisory and PPP Division (GAPD), Realty and Townships Division (RTD) and Transportation Advisory and Engineering Division (TAED). The revenue share across the five Divisions for FY 2011-12 is given alongside:

NEW COMMISSIONING

New commissioning for 2011-12 stood at Rs.1880.000 millions with closing order book position at Rs.2800.000 millions as at March 31, 2012.

The company added 83 clients during the year. 67% of their new commissioning during the financial year was from the private sector. Some of the key clients added during the year included: Crompton Greaves Limited, Four Seasons Foundation, Godrej Properties Limited, Hamersley Iron Pty Limited, HCL Technologies Limited, IL&FS Transportation Networks Limited, Mitsui and Co. Global Investment Limited, Moser Baer Power (Madhya Pradesh) Limited, Ramky Infrastructure Limited and Vedanta Medical Research Foundation.

The Highways sector contributed to 44% of new commissioning, followed by Power generation, distribution and transmission accounting for 15%. The third largest segments were education and health which together accounted for 11% of new commissioning for the financial year.

Feedback Power Operations and Maintenance Services (Private) Limited Key Clients: Lafarge Cement, Syria and Abhijit Group	Rs.252.200 millions
Feedback Brisa Highways OMT Private Limited Key Clients: Pink City Expressway Private Limited, Reliance Infra, Supreme Infra and GMR	Rs.83.500 millions
India Infrastructure Initiative Trust Key Clients: Surat Municipal Corporation, Gujarat Government - Buildings and Roads Department	Success Fee
Feedback Ventures Nepal Limited Key Clients: Butwal Power Co. Nepal, Unity Infra and Mandu Hydropower	Rs.10.500 millions
Feedback Foundation Key Clients: Sesa Goa, UNICEF and The World Bank	Rs.61.200 millions

Transportation Advisory and Engineering Division (TAED)

TAED continues to be the largest Division accounting for 41% of the company’s turnover, advising Central and State Government agencies, private developers, multilateral agencies, lenders, regulators, and other stakeholders in strategizing, developing, implementing, and designing all types of transport infrastructure projects.. Having started the year with a strong order book position, the Division continued to undertake sustained business development in the marketplace. However, roll out of new projects was slower than anticipated as the National Highway Authority of India (NHAI), the nodal agency developing highway projects across the country, functioned without a full time Chairman for the entire financial year leading to substantial delays in projects. Nevertheless, after a slow start to the year, the pace of project activities picked up during the financial year.

Energy Division (ED)

ED accounted for 25% of the turnover of the company and continued providing professional and technical support services to the Energy Sector in the areas of IT, Project Assessment, Bid Management, Project Management, Quality Assurance, Monitoring, and Energy Efficiency consulting and services. The Division faced a very challenging financial year due to a number of issues facing the Power sector including, availability of fuel, issues in land acquisition, delays in environment and other clearances, rise in input and interest costs - all resulting in delays in project implementation and roll out of new projects. Recognising the challenges in the sector, the Division concentrated in executing the orders in hand in a timely manner and increased its focus on non fuel based energy projects (hydro, wind and solar).

Realty and Townships Division (RTD)

RTD contributed to 22% of the total turnover of the company and reported a strong growth in new commissioning for the current financial year. The Division continues to provide integrated services across water and sanitation, special economic zones, factories, industrial estates, housing, townships, IT Parks, malls, multiplexes, hotels, hospitals, offices, and buildings through its advisory, planning and engineering, and project management services SBUs. The Division added Architectural and Mechanical, Electrical, Plumbing (MEP) to its bouquet of services during the year and has started actively exploring opportunities in Europe and the Middle East from the last quarter of the financial year, reporting modest success so far.

Corporate Advisory Division (CAD)

CAD focused on advising the private sector - multinational companies, Indian corporate groups, private equity funds, financial institutions and trusts on their infrastructure initiatives. The Division provided functional expertise across a range of strategic, commercial and financial advisory services in the areas of construction, education, health, metals and urban services.

Government Advisory and PPP Division (GAPD)

GAPD provided specialist advice as transaction advisers on Public Private Partnerships to state governments across the country. The Division is substantially involved with the state governments of Punjab and Bihar in regards to their infrastructure procurement. The Division was involved in some unique transactions during the year, including the procurement of the Personal Rapid Transport (PRT) project in Amritsar.

Other Corporate Developments

Raising of Non Convertible Debentures for growth

The company’s growth in existing service lines and foray into new service areas, both organically and through acquisitions, required substantial funds commitment to sustain the company’s growth plans towards its stated DISHA. In order to support the growth plans, an interim funding of Rs.1000.000 millions through non convertible debentures (NCDs) was approved to help the company continue with its growth initiatives.

The NCDs were successfully placed with the company’s three institutional shareholders viz. L&T, IDFC and HDFC. The first tranche of the funds, amounting to Rs.400.000 millions was drawn in September, 2011 with the second tranche of Rs.300.000 millions drawn in February 2012.

Part of the funds have been invested to capitalize the new initiatives in operations and maintenance services for roads and highways and power plants respectively. The company is actively exploring acquisition opportunities in the marketplace to accelerate growth in its focus areas and is in discussions with potential targets. With this round of fund infusion, the company is well poised to continue on its strong growth trajectory and maintain its leadership position in the marketplace.

Setting up of the Financial Advisory Division

In order to focus on and develop the transactions business in the private sector, the Financial Advisory Division (FAD) was set up during the year as the sixth Division of the company. The Division will provide functional expertise in the areas of Mergers and Acquisition, Sale and Divestiture, Project financing and Risk advisory services and will work closely with the verticals to undertake transactions in the infrastructure domain. The division has gained good traction in the marketplace within the first three months of its existence and will be commencing FY 2012-13 with a modest pipeline of transactions. This is an exciting development for the company and over the next few years, they should see the benefits of being in the private sector transactions business.

Implementing the Projects Module of the ERP

As reported in the last fiscal, the company had rolled out a number of functional modules of ‘Fountainhead’, an Enterprise Resource Management (ERP)-cum- Knowledge Management platform within the organization. During the current financial year substantial work was undertaken for the ‘Projects module’ which was rolled out to enable planning, monitoring and control of projects being executed across the organization. Furthermore, Fountainhead is poised to provide online real time information on key business parameters to the top management of the company to enable timely decision making and for taking corrective measures wherever required.

Growth prospects for 2012-13

Given the importance of infrastructure for the growth of the Indian economy, the Twelfth Five Year Plan (2012-17) projection of US$ 1000 Billion (or US$ 1 Trillion) for investments into the Indian infrastructure sector is a continuing agenda for sustainable growth of the country. At least 50 per cent of this investment is expected to come from the private sector. To improve the flow of funds into the sector a host of initiatives were announced in Budget 2012, including tax free bonds of Rs. 600 billion (2012-13), credit enhancements and take out financing through the India Infrastructure Finance Company Limited, allocation of Rs. 880 million (2012-13) to the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme, etc. These developments should see renewed pace of activity in the infrastructure sector in 2012-13.

While key policy interventions by the government continue to be the main area requiring attention, possibly impacting project roll-out and execution, the company is well poised to see another year of sustained growth with an opening order book position of Rs.2800.000 millions and executable orders of Rs.1150.000 millions for the financial year 2012-13. The management is therefore cautiously optimistic of another year of growth for the company. Furthermore, significant traction is expected in operations at a Group level from the O & M businesses together with potential acquisitions.

SUBSIDIARIES OF THE COMPANY

The information on the subsidiaries of the Company is given hereunder:

Feedback Brisa Highways OMT Private Limited (FBHOMT):

FBHOMT a 60%:40% Joint Venture Entity of Feedback Infrastructure Services Private Limited and Brisa International Investment B.V., respectively, had obtained the approval of the Central Government pursuant to Section 297 of the Companies Act, 1956 for availing of services from Feedback Infrastructure Services Private Limited with aggregate contract value of Rs.120.000 millions over a period of three years.

With the approval of the shareholders vide its Resolution dated 1^st December, 2011 passed in the duly convened Extra Ordinary General Meeting, FBHOMT has increased its Authorised Share Capital from Rs.100.000 millions to Rs.200.000 millions to enable further capitalization from the existing shareholders in the same proportion. Consequent thereto the paid up capital of FBHOMT was enhanced on 13.1.2012 by issuance of 10000000 equity shares of Rs.10/- each aggregating to Rs.100.000 millions in the ratio of 60:40 to Feedback Infrastructure Services Private Limited and Brisa International Investment B.V., respectively.

Feedback Power Operations and Maintenance Services Private Limited (Power O&M):

The Paid up capital of Power O&M was enhanced from existing Rs.1 Lac to Rs.50.000 millions by way of issuance of 49,90,000 equity shares of Rs.10/- each aggregating to Rs.4,99,00,000/- to Feedback Infrastructure Services Private Limited on 13.1.2012.

In accordance with the approval of the shareholders in their duly convened Extra Ordinary General Meeting held on 29^th February, 2012 at the Hyderabad Office of the Company, Power O&M had enhanced its Authorised Share Capital from existing Rs.50.000 millions to Rs.100.000 millions. Consequent thereto, the paid up capital was further enhanced from Rs.50.000 millions to Rs.100.000 millions by way of issuance of 5000000 equity shares of Rs.10/- each aggregating to Rs.50.000 millions in the name of Feedback Infrastructure Services Private Limited on 26^th March, 2012 and thereby remained 100% subsidiary of the Company.

Feedback Ventures Nepal Limited (FVNL):

FVNL, a 51%: 49% Joint Venture Entity in Nepal of Feedback Infrastructure Services Private Limited and Himalayan Infrastructure Fund (HIF) respectively, incorporated in the last financial year, is entitled to provide infrastructure services in the Energy Sector only. However, in view of new business leads being received by FVNL, the Board of Directors and the Shareholders of FVNL had approved the expansion of main objectives of FVNL in order to render services in other Infrastructure sectors as well. This is however, subject to the approval of the Department of Industries, Government of Nepal, for which the necessary applications have already been filed.

Mr. Radhesh Pant, the Chairman of FVNL has resigned from the Board of Directors of FVNL consequent to being appointed as the Chairman of the newly constituted Nepal Investment Board. The appointment of a new Chairman to the Board of FVNL is currently underway.

Feedback Ventures and Ghosh Bose Associates Private Limited (FVGBA):

The contract signed by FVGBA, a 51%:49% joint venture of Feedback Infrastructure Services Private Limited and Ghosh, Bose Associates, respectively, with Kolkata Metropolitan Development Authority (KMDA), is currently being executed FVGBA has already received the payment against the 2^nd invoice raised during the year.

FIXED ASSETS:

Tangible Assets

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipments

· Leasehold Improvements

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 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] 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.62.35
UK Pound	1	Rs.101.20
Euro	1	Rs.84.54

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.