MIRA INFORM REPORT

Report Date :

25.10.2013

IDENTIFICATION DETAILS

Name :	NSL RENEWABLE POWER PRIVATE LIMITED (w.e.f 16.06.2010)

Formerly Known As :	NUZIVEEDU SEEDS PRIVATE LIMITED (w.e.f. 26.06.2008) NUZIVEEDU SEEDS LIMITED

Registered Office :	Flat No.905, 9^th Floor, Kanchunjunga Building, 18 Barakhamba Road, Connaught Place, New Delhi – 110 001

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	04.01.1985

Com. Reg. No.:	55-114839

Capital Investment / Paid-up Capital :	Rs. 746.475 Millions

CIN No.: [Company Identification No.]	U40109DL1985PTC114839

TAN No.: [Tax Deduction & Collection Account No.]	DELN05294C

PAN No.: [Permanent Account No.]	AABCN6009L

Legal Form :	Private Limited Liability Company

Line of Business :	The Company is in the business of generation of power and other infrastructure activities related to business of generation of power.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

Maximum Credit Limit :	USD 23560000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

Litigation :	Clear

Comments :	Subject belongs to NSL Group. It is an established company having satisfactory track. There appears a tremendous dip in the sales and profitability during the year 2013. However, trade relations are reported as decent. 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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the traqde deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest. The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Bank Facilities = BB+ (Suspended)
Rating Explanation	Moderate risk of default
Date	02.01.2013

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 :	Flat No.905, 9^th Floor, Kanchunjunga Building, 18 Barakhamba Road, Connaught Place, New Delhi – 110 001, India
Tel. No.:	91-11-23766237/ 38/ 40/ 30514444/ 51512676
Fax No.:	91-11-23766240/ 41
E-Mail :	cs@nslpower.com cs.nslpower@gmail.com csnsl@rediffmail.com
Website :	www.nuziveeduseeds.com

Corporate Office :	NSL Icon, 8-2-684/2/A, Road No.12, Banjara Hills, Hyderabad – 501 401, Andhra Pradesh, India
Tel. No.:	91-40-30514444
Fax No.:	91-40-23327919

R.O. and Processing Plant :	Plot No.J-48, MIDC, Phase III, Akola – 444 104, Maharashtra, India

Bangalore R&D Office :	No.557, Near SVIT Eng College, Kakolu Road, Ranajkunte, Bangalore – 560 064, Karnataka, India

Branch Office :	Located at: Lucknow Jaipur Hissar Aurangabad Indore Ahmedabad Rangareddy Guntur Davanagere Odhisha

DIRECTORS

As on 13.08.2013

Name :

Mr. Mandava Prabhakar Rao

Designation :

Director

Address :

H. No.8-2-293/82/A, Plot No.543, Road No.26, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

19.01.1959

Date of Appointment :

01.07.2010

DIN No.:

000009650

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	01/07/2010	04/01/1985	-	Active	NO
2	U01112AP1992PLC014346	PRABHAT AGRI BIOTECH LIMITED	Director	09/06/1992	09/06/1992	-	Active	NO
3	L32101AP1990PLC011311	INCAP LIMITED	Director	28/06/1992	28/06/1992	18/02/2010	Active	NO
4	U18100AP1995PLC022418	PRABHAT INDUSTRIAL CORPORATION LIMITED	Director	28/11/1995	28/11/1995	30/03/2008	Amalgamated	NO
5	U74999AP1999PTC032118	MANDAVA COLD STORAGE PRIVATE LIMITED	Director	01/11/2000	01/11/2000	-	Active	NO
6	U99999AP1995PLC020845	PERPETUAL ENERGY SYSTEMS LIMITED	Director	23/07/2001	23/07/2001	30/03/2008	Amalgamated	NO
7	U15429KA1999PLC026121	NSL SUGARS LIMITED	Director	01/04/2010	26/07/2001	-	Active	NO
8	U05005AP2001PTC037782	SREE KAMADHENU AQUATECH PRIVATE LIMITED	Director	11/09/2001	11/09/2001	-	Active	NO
9	U40109AP2001PTC037830	INDUR GREEN POWER PRIVATE LIMITED	Director	21/09/2001	21/09/2001	-	Amalgamated	NO
10	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Director	12/02/2002	12/02/2002	-	Active	NO
11	U24231AP2002PLC038964	SWADESHI BIO-TECHNICS LIMITED	Director	15/05/2002	15/05/2002	30/03/2008	Active	NO
12	U24231AP2002PTC038984	SWARNABHARAT BIO-TECHNICS PRIVATE LIMITED	Director	17/05/2002	17/05/2002	-	Active	NO

Name :

Mrs. Mandava Asha Priya

Designation :

Director

Address :

H. No.8-2-293/82/A, Plot No.543, Road No.26, Jubilee Hills, Hyderabad – 500 033, Andhra Pradesh, India

Date of Birth/Age :

19.09.1961

Date of Appointment :

18.10.1997

DIN No.:

01199936

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U18100AP1995PLC022418	PRABHAT INDUSTRIAL CORPORATION LIMITED	Director	28/11/1995	28/11/1995	-	Amalgamated	NO
2	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	18/10/1997	18/10/1997	-	Active	NO
3	U74999AP1999PTC032118	MANDAVA COLD STORAGE PRIVATE LIMITED	Managing director	01/09/2010	16/07/1999	-	Active	NO
4	U15429KA1999PLC026121	NSL SUGARS LIMITED	Director	26/07/2001	26/07/2001	-	Active	NO
5	U05005AP2001PTC037782	SREE KAMADHENU AQUATECH PRIVATE LIMITED	Director	11/09/2001	11/09/2001	-	Active	NO
6	U15429AP2002PLC038489	NSL TEXTILES LIMITED	Director	12/02/2002	12/02/2002	-	Active	NO
7	U63023AP2003PTC040654	NSL POWER PRIVATE LIMITED	Director	11/03/2003	11/03/2003	-	Active	NO
8	U99999AP1995PLC020845	PERPETUAL ENERGY SYSTEMS LIMITED	Managing director	30/07/2011	30/07/2003	-	Amalgamated	NO
9	U45200AP2005PLC045511	NSL NAGAPATNAM POWER AND INFRATECH LIMITED	Director	02/03/2005	02/03/2005	-	Active	NO
10	U51225KA2005PTC036073	MADDURAMMA TRADERS PRIVATE LIMITED	Director	15/04/2005	15/04/2005	-	Strike off	NO

Name :

Mr. Kommalapati Rama Koteswara Rao

Designation :

Director

Address :

5-9-22/40, Flat No.301, MCH No.314, JVR Amrit Enclave, Opposite New MLA Quarters, Adarsh Nagar, Hyderabad – 500 029, Andhra Pradesh, India

Date of Birth/Age :

12.11.1956

Date of Appointment :

29.09.2010

DIN No.:

00014649

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	L32101AP1990PLC011311	INCAP LIMITED	Director	09/09/1991	09/09/1991	22/12/2009	Active	NO
2	U74120AP1993PTC016483	PARAMJYOTHI ENGINEERS PRIVATE LIMITED	Director	26/10/1993	26/10/1993	26/02/2011	Active	NO
3	U15429KA1999PLC026121	NSL SUGARS LIMITED	Director	01/10/2011	26/07/2001	-	Active	NO
4	U40109AP2001PTC037830	INDUR GREEN POWER PRIVATE LIMITED	Director	16/01/2002	16/01/2002	-	Amalgamated	NO
5	U99999AP1995PLC020845	PERPETUAL ENERGY SYSTEMS LIMITED	Director	01/04/2002	01/04/2002	-	Amalgamated	NO
6	U45200AP2005PLC045511	NSL NAGAPATNAM POWER AND INFRATECH LIMITED	Director	02/03/2005	02/03/2005	-	Active	NO
7	U40300AP2005PTC047541	NSL WIND POWER COMPANY (PHOOLWADI) PRIVATE LIMITED	Director	21/09/2005	21/09/2005	-	Active	NO
8	U45203AP2005PTC048006	MARVEL INFRATECH PRIVATE LIMITED	Director	09/11/2005	09/11/2005	15/06/2009	Active	NO
9	U15421AP2006PLC050837	NSL KRISHNAVENI SUGARS LIMITED	Director	08/08/2006	08/08/2006	-	Active	NO
10	U10102AP2006PTC050899	SPLENDID MINERALS PRIVATE LIMITED	Director	14/08/2006	14/08/2006	-	Active	NO
11	U40100HP2005PTC000333	TANGNU ROMAI POWER GENERATION PRIVATE LIMITED	Director	20/11/2006	20/11/2006	-	Active	NO
12	U70102AP2004PTC044588	DIVYASREE NSL INFRASTRUCTURE PRIVATE LIMITED	Director	07/03/2007	07/03/2007	29/03/2010	Active	NO
13	U70101AP2001PTC038151	NSL SEZ (CHENNAI) PRIVATE LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
14	U18100AP2007PTC056006	MARIGOLD APPAREL INDUSTRIES PRIVATE LIMITED	Director	18/10/2007	18/10/2007	08/05/2010	Active	NO
15	U51909TN2007PTC064763	NSL POWER EQUIPMENT TRADING PRIVATE LIMITED	Director	18/10/2007	18/10/2007	-	Active	NO
16	U40109TN2006PTC085606	REGEN POWERTECH PRIVATE LIMITED	Nominee director	24/10/2007	24/10/2007	01/03/2012	Active	NO
17	U40109AP2008PTC059817	NSL ORISSA POWER AND INFRATECH PRIVATE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
18	U45400AP2008PTC060090	NAGAPATNAM PORT AND INFRASTRUCTURE PRIVATE LIMITED	Director	10/07/2008	10/07/2008	-	Active	NO
19	U18101AP2004PLC044154	NSL TEXTILES (EDLAPADU) LIMITED	Director	08/08/2008	14/07/2008	28/12/2009	Amalgamated	NO
20	U40108HP2008PTC030878	NSL MASLI POWER GENERATION PRIVATE LIMITED	Director	30/08/2010	01/08/2009	-	Active	NO
21	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	29/09/2010	21/07/2010	-	Active	NO

Name :

Mr. Gopalakirshna Narayana Swamy Muddusetty

Designation :

Director

Address :

12-2-823A/23, Santosh Nagar, Mehdipatnam, Hyderabad - 500 028, Andhra Pradesh, India

Date of Birth/Age :

12.01.1939

Date of Appointment :

29.09.2010

DIN No.:

00088454

Other Directorship:

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

Name :

Mr. Manmohan Vedprakash Agarwal

Designation :

Director

Address :

Flat No.101, Saarthi Building, K.M. Munshi Marg, Chowpatty, Mumbai - 400 007, Maharashtra, India

Date of Birth/Age :

04.08.1950

Date of Appointment :

29.09.2010

DIN No.:

00681433

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	U66020MH2006PLC165039	Axis Private Equity Limited	Director	15/04/2008	03/10/2006	16/01/2013	Active	NO
2	U74999MH2008PLC182264	Axis Trustee Services Limited	Additional director	11/10/2010	16/05/2008	31/05/2011	Active	NO
3	U65991MH2009PLC189558	Axis Asset Management Company Limited	Nominee director	13/01/2009	13/01/2009	10/06/2009	Active	NO
4	L65110GJ1993PLC020769	Axis Bank Limited	Director	08/06/2010	04/08/2009	01/09/2010	Active	NO
5	L01122KA1994PLC016834	Karuturi Global Limited	Director	23/09/2011	25/09/2010	-	Active	NO
6	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	29/09/2010	28/09/2010	-	Active	NO
7	U11100HR2010PLC040132	DEEPWATER DRILLING AND INDUSTRIES LIMITED	Additional director	30/09/2010	30/09/2010	24/05/2011	Active	NO
8	U72200DL2000PTC107182	Moser Baer Projects Private Limited	Director	01/11/2010	26/10/2010	-	Active	NO
9	U40100GJ1991PLC064824	ESSAR POWER LIMITED	Director	06/08/2011	29/10/2010	-	Active	NO

Name :

Mr. Anand Prakash

Designation :

Director

Address :

9, Tanjong, Rhu Road, 19-04, The Waterside, 436894, Singapore

Date of Appointment :

27.09.2013

DIN No.:

01928443

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
	U40101KA2000PTC028247	AMBUTHIRTHA POWER PRIVATE LIMITED	Director	30/11/2005	30/11/2005	27/07/2011	Active	NO
2	U74899DL1993PLC056211	SWASTI POWER LIMITED	Director	30/09/2011	02/05/2006	-	Active	NO
3	U31101DL2006PLC148862	BHILWARA ENERGY LIMITED	Nominee director	27/08/2013	21/12/2010	-	Active	NO
4	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Nominee director	27/09/2013	17/09/2011	-	Active	NO
	U40101KA2000PTC028247	AMBUTHIRTHA POWER PRIVATE LIMITED	Director	30/11/2005	30/11/2005	27/07/2011	Active	NO

Name :

M. Aishwarya

Designation :

Director

Address :

N. No. 8-2-293/82/A, Plt No. 543, Opposite MCR HRD Institute, Road No. 26, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Appointment :

29.09.2012

DIN No.:

05291011

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	29/09/2012	12/06/2012	-	Active	NO
2	U40109TN2006PTC085606	REGEN POWERTECH PRIVATE LIMITED	Nominee director	18/06/2012	18/06/2012	-	Active	NO
3	U74120AP2008PTC074522	MANDAVA HOLDINGS PRIVATE LIMITED	Director	29/09/2012	23/06/2012	-	Active	NO

Name :

Mr. Kaushik Dutta

Designation :

Director

Address :

843-4, Block Lavy Pinto, Asiad Village, Delhi – 110049, India

Date of Appointment :

26.09.2012

DIN No.:

03328890

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	U73100DL2011NPL216803	Thought Arbitrage Research Institute	Director	30/03/2011	30/03/2011	-	Active	NO
2	U74140DL2010PTC202426	CENTENNIAL DEVELOPMENT ADVISORY SERVICES INDIA PRIVATE LIMITED	Director	24/09/2012	24/09/2012	-	Active	NO
3	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	29/09/2012	26/09/2012	-	Active	NO

Name :

Mr. Dinesh Kumar Jain

Designation :

Director

Address :

305, technology Apartments, IP Extension, New Delhi – 110092, India

Date of Appointment :

26.09.2012

DIN No.:

00820290

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	U74899DL1999PTC101702	NTPC ALSTOM POWER SERVICES PRIVATE LIMITED.	Nominee director	31/12/2009	09/12/2003	30/06/2012	Active	NO
2	U40105DL2001GOI113508	PIPAVAV POWER DEVELOPMENT COMPANY LIMITED	Nominee director	20/03/2007	20/03/2007	-	Strike off	NO
3	U74899DL1999PTC098274	NTPC-SAIL POWER COMPANY PRIVATE LIMITED	Additional director	22/07/2008	22/07/2008	11/08/2010	Active	NO
4	L40101DL1975GOI007966	NTPC LIMITED	Director	23/09/2010	13/05/2010	30/06/2012	Active	NO
5	U40101DL2002GOI118013	NTPC HYDRO LIMITED	Director	14/07/2010	07/07/2010	30/06/2012	Active	NO
6	U31102KL1963SGC002043	TRANSFORMERS AND ELECTRICALS KERALA LIMITED	Nominee director	07/07/2010	07/07/2010	30/06/2012	Active	NO
7	U40105DL2005PTC138458	RATNAGIRI GAS AND POWER PRIVATE LIMITED	Nominee director	02/08/2010	02/08/2010	30/06/2012	Active	NO
8	U40300MH2011GOI212727	ANUSHAKTI VIDHYUT NIGAM LIMITED	Director	27/01/2011	27/01/2011	30/06/2012	Active	NO
9	U40108DL2011PTC226296	Pan-Asian Renewables Private Limited	Nominee director	14/10/2011	14/10/2011	30/06/2012	Active	NO
10	U45200AP2005PLC045511	NSL NAGAPATNAM POWER AND INFRATECH LIMITED	Whole-time director	21/06/2013	18/09/2012	-	Active	NO
11	U40109DL1985PTC114839	NSL RENEWABLE POWER PRIVATE LIMITED	Director	29/09/2012	26/09/2012	-	Active	NO

MAJOR SHAREHOLDERS

As on 13.08.2013

Names of Equity Shareholders		No. of Shares
M.Prabhakar Rao		16199830
M.Asha Priya		3733353
M.Srinivas Rao		1200
M.V.R.Chowdary		136712
NSL Energy Ventures Private Limited, India		34430451
India Clean Energy II Limited, India		12896230
International Finance Corporation, India		7122191
K.Ramakoteswara Rao		50535
I.Rama Rao		21248
I.Ramaiah		31664
I.Sampurna		10833
I.Manoranjini		5000
M.Ramadevi		250
B.Appa Rao		3013
J.Nageswara Rao		2000
B.Appa Rao (HUF)		1000
B.Nageswari		2000
Asia Clean Energy Limited, Singapore		10
GS Power Company Limited, India		10
Societe De Promotion Et De Participation Pour La Cooperation Economique ("Proparco")		10
DEG - Deutsche Investitions-und Entwicklungsgesellschaft mbH		10
Total		74647550

Names of Preference Shareholders

No. of Shares

% of Holding

Societe De Promotion Et De Participation Pour La Cooperation Economique ("Proparco")

5775

100%

Total

5775

100%

As on 03.09.2013

Names of Equity Shareholders		No. of Shares
Kotak Mahindra Trusteeship Services Limited, India		6343618
Kotak Mahindra Private Limited, Mauritius		1938017
Kotak Investment Advisors Limited, India		102000
Total		8383635

Equity Share Break up (Percentage of Total Equity)

As on 13.08.2013

Category	Percentage
Bodies corporate	63.40
Directors or relatives of Directors	26.96
Other top fifty shareholders	0.10
Other	9.54
Total	100.00

BUSINESS DETAILS

Line of Business :

The Company is in the business of generation of power and other infrastructure activities related to business of generation of power.

Products :

Product Description	Item Code
Sowing Seeds	120999.09
Vegetable Seed	120991.09
Power Plant	980100.03

Cotton
Sorghum
Corn
Sunflower
Pearl millet
Rice
Vegetables
Soybean
Wheat

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
a. Seed - Processed #
- Field crops	Tons	--	--
- Cotton	Tons	--	--
b. Power Generation		73.00MW	202664309 units

# transferred pursuant to the scheme of demerger.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

State Bank of India, Mid Corporate Group, Commercial Branch, Bank Street, Koti, Hyderabad – 500095, Andhra Pradesh, India
Andhra Bank
Axis Bank Limited, Corporate Banking Branch, 6-3-879/B, 1^st Floor, G. Pulla Reddy Building, Greenlands, Begumpet Road, Hyderabad – 500 016, Andhra Pradesh, India
Bank of Maharashtra
ICICI Bank Limited, ICICI Bank Towers, Level IV, 1-11-256, Begumpet, Hyderabad – 500 016, Andhra Pradesh, India
Indian Overseas Bank
State Bank of Hyderabad
State Bank of Mysore
Yes Bank
Canara Bank, Corporate Services Branch No.25 Shankarnarayana Building, M G Road, Bangalore – 560 001, Karnataka, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Term Loan
From Banks	384.740	2212.441
From other parties	3091.875	1498.875
Less: Current Maturities of Long term debt	242.555	298.200
Short Term Borrowings
From Bank	35.819	15.721
Total	3269.879	3428.837

Note:

Subsequent to year end, the Company has received term loan amounting to Rs 1745.000 Millions from a financial institution for the purpose of paying existing loan to the extent of Rs 1736.615 Millions outstanding from banks/financial institution as per agreement dated March 28, 2013. As a result of the aforesaid, term loan balance outstanding as at balance sheet date will change to Rs. 34850.000 Millions as at April 04, 2013. Accordingly, the disclosures regarding the current maturities, terms of repayment and interest of the loans, are given considering such total term loan balance of Rs. 34850.000 Millions taken from financial institutions.

Security details for term loans from Banks:

a) Pari-passu first charge by way of hypothecation of all movable and immovable assets (present and future) and current assets of Bheemasamudra Project.

b) Mortagage on the leasehold rights on the land of Bheemasamudra Project

c) Corporate guarantee by Mandava Holdings Private Limited and personal guarantee by Mr. M. Prabhakara Rao, Director of the Company to State Bank of India.

Security details for term loans from other parties:

a) First charge of mortage on all immovable properties, both present and future and first charge of hypothecation on all movable properties both present and future pertaining to the Projects of the Company and projects of Windage Power Company Private Limited, (a subsidiary of the Company).

b) First charge on entire current assest pertaining to all the projects of the Company and projects of Windage Power Company Private Limited.

c) First charge on all intangible assets pertaining to the projects of the Company, both present and future.

d) Pledge of shares held by sponsors (Mr. M.Prabhakara Rao, Director and his affliates) in the equity share captial of the Company representing at all times 26% of paid up equity share captial of the Company.

e) Pledge of shares held by the Company in the equity share capital of Windage Power Company Private Limited, representing at all times 51% of the equity share captial of Windage Power Company Private Limited.

f) Personal guarantee by Mr. M. Prabhakara Rao, Director of the Company.

Terms of repayment for term loans:

Repayble in 47 unequal quarterly installments starting from July 15, 2013 and ending on January 15, 2025.

Interest rate for term loans:

a) Term loan of Rs 1745.000 Millions carries interest rate at the bench mark interest rate plus a spread of 3% for initial two years ending in April 2015, thereafter to be reset on yearly basis.

b) Term loan of Rs 1740.000 Millions carries interest rate at 12.5% for initial two years ending in April 2015, thereafter to be reset on yearly basis.

Particulars

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Aggregate amount of term loans guaranteed by directors or others

3190.668

2526.120

Total

3190.668

2526.120

Short Term Borrowings :

Loans from banks are secured by First charge on fixed assets and hypothecation of current assets of biomass units of the company

Particulars

31.03.2013

Rs. In Millions

31.03.2012

Rs. In Millions

Aggregate amount of loans guaranteed by directors or others

0.000

15.751

Total

0.000

15.751


Banking Relations :	-

Financial Institution :	IL and FS Trust Company Limited, IL and FS Financial Centre Plot No. C 22 G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051, Maharashtra, India Infrastructure Development Finance Company Limited , KRM Tower, 8^th Floor, No. 1, Harrington Road, Chetpet, Chennai – 600 031, Tamilnadu, India

Auditors :
Name :	S.R. Batliboi and Company Chartered Accountants
Address :	Oval Office, 18, ilabs Centre, Hitech City, Madhapur, Hyderabad – 500 081, Andhra Pradesh, India
Tel. No.:	91-40-67362000
Fax No.:	91-40-67362200
PAN No.:	ABSFS4151K

Related parties where control exists irrespective of whether transactions have occurred or not:	NSL Masli Power Generation Private Limited CIN No.: U40108HP2008PTC030878 NSL Tidong Power Generation Private Limited CIN No.: U40108HP2008PTC030877 Windage Power Company Private Limited CIN No.: U40100TN2011PTC080032 Tangnu Romai Power Generation Private Limited (by virtue of control of board of directors) CIN No.: U40100HP2005PTC000333 NSL Power Private Limited CIN No.: U63023AP2003PTC040654 NSL Wind Power Company (Gubbi-Tumkur) Private Limited CIN No.: U40108AP2008PTC060017 NSL Wind Power Company (Sira-Tumkur) Private Limited CIN No.: U40108AP2008PTC060015 NSL Wind Power Company (Holalkere-Chitradurga) Private Limited CIN No.: U40108AP2008PTC060018 NSL Wind Power Company (Phoolwadi) Private Limited CIN No.: U40300AP2005PTC047541 Celebrity Power Company Private Limited CIN No.: U45400AP2007PTC054032 NSL Wind Power Company (Satara) Private Limited CIN No.: U40108AP2010PTC069059 Solar Semiconductor Power Company (India) Private Limited (by virtue of control of board of directors) CIN No.: U40300AP2010PTC070092 Orbit Wind Energy Private Limited NSL Global Energy Ventures Private Limited (Mauritius) NSL Wind Energy LLP NSL Renewable Energy Overseas Private Limited (Singapore) Inversions NSL Green Ventures Ltda NSL Eolica Ltda NSL Wind Power Company (Sreepalwan) Private Limited NSL Satara Infratech Private Limited NSL Real Estates Private Limited NSL Wind Power Company(Virli) Private Limited NSL Wind Power Company(Chilarwadi) Private Limited NSL Wind Energy Company (Elavanthy) Private Limited* NSL Wind Energy Company (Osyian) Private Limited* *These entities are incorporated during the current year and no shares are allotted by them as on March31, 2013.

Investing party in respect of which the company is an associate :	NSL Energy Ventures Private Limited (Holding company up to December 15, 2011)

Related parties in which key management personnel/relatives of key management personnel exercises significant influence:	Mandava Holdings Private Limited Nuziveedu Seeds Limited NSL Sugars Limited NSL Textiles Limited Regen Powertech Private Limited NSL Conventional Power Private Limited NSL Infratech Private Limited NSL Estates Private Limited NSL Cotton Corporation Private Limited NCC Santosh Fibers Private Limited NCC Ganapathi Cotton Private Limited NCC Jayalakshmi Fibers Private Limited NSL Properties Private Limited NSL Nagapatnam Power and Infratech Private Limited NSL SEZ (Chennai)Private Limited

CAPITAL STRUCTURE

After 13.08.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

102500000	Equity Shares	Rs. 10/- each	Rs. 1025.000 Millions
8250	Preference Shares	Rs. 100000/- each	Rs. 825.000 Millions
	Total		Rs. 1850.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

83031185	Equity Shares	Rs. 10/- each	Rs. 830.312 Millions
5775	Preference Shares	Rs. 100000/- each	Rs. 577.500 Millions
	Total		Rs. 1407.812 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

102500000	Equity Shares	Rs. 10/- each	Rs. 1025.000 Millions
8250	Preference Shares	Rs. 100000/- each	Rs. 825.000 Millions
	Total		Rs. 1850.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

74647550	Equity Shares	Rs. 10/- each	Rs. 746.475 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	746.475	730.072	500.011
(b) Reserves & Surplus	4657.792	4424.575	765.615
(c) Share Capital Suspense	0.000	1.975	0.000

(2) Debenture Application money pending allotment	484.200	0.000	55.000
Total Shareholders’ Funds (1) + (2)	5888.467	5156.622	1320.626

(3) Non-Current Liabilities
(a) long-term borrowings	3515.360	3540.152	4077.932
(b) Deferred tax liabilities (Net)	174.570	194.029	178.595
(c) Other long term liabilities	13.301	13.301	13.300
(d) long-term provisions	3.909	2.340	2.629
Total Non-current Liabilities (3)	3707.140	3749.822	4272.456

(4) Current Liabilities
(a) Short term borrowings	564.219	198.881	0.000
(b) Trade payables	30.803	93.267	49.983
(c) Other current liabilities	302.683	404.640	448.744
(d) Short-term provisions	0.160	28.170	0.296
Total Current Liabilities (4)	897.865	724.958	499.023

TOTAL	10493.472	9631.402	6092.105

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3852.402	4300.480	2400.537
(ii) Intangible Assets	3.757	0.000	0.000
(iii) Capital work-in-progress	58.482	23.912	1806.146
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	2426.945	2154.977	1329.557
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2663.652	2362.081	86.024
(e) Other Non-current assets	377.763	130.006	15.263
Total Non-Current Assets	9383.001	8971.456	5637.527

(2) Current assets
(a) Current investments	204.455	12.888	0.000
(b) Inventories	79.597	62.044	14.903
(c) Trade receivables	65.997	299.474	109.220
(d) Cash and cash equivalents	507.728	207.658	20.794
(e) Short-term loans and advances	51.278	51.353	308.324
(f) Other current assets	201.416	26.529	1.337
Total Current Assets	1110.471	659.946	454.578

TOTAL	10493.472	9631.402	6092.105

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income		1401.901	677.222
		Other Income		27.155	31.682
		TOTAL (A)	1165.700	1429.056	708.904

Less	EXPENSES
		Consumption of raw material		249.522	0.000
		(Decrease) in stock		(0.007)	0.000
		Operation and maintenance charges		57.377	46.773
		Employee benefit expenses		37.346	18.423
		Other expenses		122.339	56.119
		TOTAL (B)	324.300	466.577	121.315

Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		841.400	962.479	587.589

Less	FINANCIAL EXPENSES (D)		545.700	533.390	341.205

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		295.700	429.089	246.384

Less/ Add	DEPRECIATION/ AMORTISATION (F)		277.900	289.625	224.737

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		17.800	139.464	21.647

Less	TAX (H)		(19.400)	3.350	(20.755)

	PROFIT/(LOSS) AFTER TAX (G-H) (I)		37.200	136.114	42.402

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	NA	3089.712

Less	APPROPRIATIONS
		Transferred pursuant to scheme of arrangement	NA	NA	2650.561
		Interim Dividend	NA	NA	0.000
		Tax on Dividend	NA	NA	0.000
		Transfer to General Reserve	NA	NA	0.000
	BALANCE CARRIED TO THE B/S		NA	NA	481.551

	EARNINGS IN FOREIGN CURRENCY
		Sale of CERs	15.268	100.477	0.000
		Sale of VERs	13.306	5.627	0.000
	TOTAL EARNINGS		28.574	106.104	0.000

	Earnings Per Share (Rs.)		0.50	NA	2.36

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	3.19	9.52	5.98

Net Profit Margin (PBT/Sales)	(%)	NA	9.45	3.20

Return on Total Assets (PBT/Total Assets}	(%)	0.43	4.42	3.89

Return on Investment (ROI) (PBT/Networth)		0.00	0.03	0.02

Debt Equity Ratio (Total Debt /Networth)		0.69	0.73	3.09

Current Ratio (Current Asset/Current Liability)		1.24	0.91	0.91

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	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	Yes

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Debentures (Series A)	8.100	8.100
Debentures (Series B)	273.200	0.000
Inter corporate deposits	0.000	118.936
Short Term Borrowings
Inter Corporate Deposit	528.400	183.160
Total	809.700	310.196

Note:

Long Term Borrowings:

Terms of Series A debentures:

81 (Previous year - 81), zero coupon Series A compulsory convertible debentures of Rs 100,000 each for a value, to be converted on or before March 31, 2015 or earlier election by the subscriber or upon IPO, whichever is earlier.

Terms of Series B debentures:

The Company has issued 2732 Compulsory Convertible Debentures (CCDs) having a face value of Rs 100.000 each on March 30, 2013. These CCDs carry an interest rate of zero percent for first two years, four percent for third year and five percent from fourth year onwards till the time of conversion into equity shares. These will be convertible into appropriate number of equity shares of the Company on or before nineteen years commencing from the date of the issue of CCDs, in accordance with the subscription agreement entered into with the subscribers to the CCDs.

NATURE OF OPERATIONS

The Company is in the business of generation of power and other infrastructure activities related to business of generation of power.

INDEX OF CHARGE:

Sr .No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10448025	07/09/2013	140,000,000.00	State Bank of India	Mid Corporate Group, Commercial Branch, Bank Street, Koti, Hyderabad, Andhra Pradesh - 500095, INDIA	B84558576
2	10414878	06/08/2013 *	3,490,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BUILDING, GROUND FLOOR, 17, R. KAMANI MARG, BALLAD ESTATE, MUMBAI, Maharashtra - 400001, INDIA	B84119981
3	10345845	14/02/2012	500,000,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH, 6-3-879/B, 1ST FLOOR, G. PULLA REDDY BUILDING, GREENLANDS, BEGUMPET ROAD , HYDERABAD, Andhra Pradesh - 500016, INDIA	B36417731
4	10299501	09/11/2011 *	830,000,000.00	Axis bank Limited	6-3-879/B, 1st Floor, G.pulla Reddy Building, Greenlands, Begumpet Road,, Hyderabad, Andhra Pradesh - 500016, INDIA	B25828351
5	10208350	25/03/2010	177,500,000.00	INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LIMITED	INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE, 4 A LODHI ROAD, NEW DELHI, Delhi - 110003, INDIA	A81588972
6	10179420	20/10/2009	3,500,000.00	Department of Biotechnology	Department of Biotechnology, Lodhi Road, New Delhi, Delhi - 110003, INDIA	A71230288
7	10075799	23/09/2009 *	65,000,000.00	AXIX BANK LIMITED	6-3-879/B, GREEN LANDS ROAD, BEGUMPET, HYDERABAD, Andhra Pradesh - 500016, INDIA	A71269385
8	90117789	13/02/2013 *	57,000,000.00	State Bank of India	Commercial Branch, Mid Corporate Group, Bank Street, Koti, Hyderabad, Andhra Pradesh - 500095, INDIA	B72463755
9	90116233	10/12/2002	14,000,000.00	UCO BANK	MALAKPET BRANCH, HYDERABAD, Andhra Pradesh, INDIA	-
10	90128258	13/02/2013 *	57,000,000.00	State Bank of India	Commercial Branch, Mid Corporate Group, Bank Street, Koti, Hyderabad, Andhra Pradesh - 500095, INDIA	B72462906

* Date of modification charge

FIXED ASSETS:

Freehold Land
Leasehold Land
Buildings
Plant and Machinery
Furniture and Fittings
Office Equipment
Data Processing Equipment
Vehicles
Livestock
Trade Marks

NSL GROUP RAISES $60 MN TO FUND RENEWABLE ENERGY

The fresh round of investment would enable the company to more than double its capacity in 18 months

NSL Renewable Power Private Limited, a part of the Hyderabad-based Nuziveedu Seeds (NSL) group, on Monday announced it had entered agreements with a group of investors to raise $60 million (Rs 326.3 crore) to fund its expansion.

The company, which has an installed capacity of 185-Mw in renewable energy, said the fresh round of investment would enable it to more than double its capacity in the next 18 months.

The group of investors comprises development finance institutions, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) of Germany, and Proparco from France, Asia Clean Energy Limited, a private equity fund from South Korea, and GS Power Company Limited also from South Korea. The existing investors in the company —International Finance Corporation and FE Clean Energy — also took part in this round of fund raising, a company release said.

M Prabhakar Rao, chairman of NSL group, said the investment from these institutions was a testament to the company's capabilities in this sector and validates the strong business model that it had built over the past several years. “With this investment, the company will be able to accelerate its development pipeline and is well poised to achieve its targeted potential of being a 1 Gigawatt company by 2016,” he said in a statement. The company had earlier raised $40 million from FE Clean Energy and $20 million from the International Finance Corporation.

However, it refused to give details about the percentage of equity that would be given to these institutions against their investment and how much stake the promoters currently hold in the company. A company representative said NSL Renewable would be willing to share those details at a later date.

The company’s renewable energy portfolio includes 148 Mw of wind power, 20 Mw of solar power, 12 Mw biomass power and 5 mw of hydel power. It is implementing 200 Mw in wind and 150 Mw in hydro power sector, the release stated.

NSL RENEWABLE POWER RAISED $60 MILLION

The company will use proceeds to fuel its growth in Wind and Hydro power sectors

NSL Renewable Power Private Limited (NRPPL), part of the Hyderabad based NSL Group, announced today that it has executed investment agreements for $60 million from a group of investors comprising of Development Finance Institutions, DEG – Deutsche Investitions- und Entwicklungsgesellschaft from Germany and PROPARCO from France, Asia Clean Energy Limited, a Private Equity Fund from South Korea and GS Power Company Limited from South Korea. Existing investors in the Company, International Finance Corporation and FE Clean Energy also participated in this round of fund raising.

The company will use the proceeds to fuel its growth in Wind and Hydro power sectors. NRPPL currently has 185 MW of installed capacity, which include 148 MW of Wind Power, 20 MW of Solar Power, 12 MW of Biomass Power and 5 MW of Hydel Power. The investment will give NRPPL the required financial support to more than double its capacity over the next 18 months.

M Prabhakar Rao, Chairman, NSL Group, said, “With this investment, the Company will be able to accelerate its development pipe-line and is well poised to achieve its targeted potential of being a 1 Gigawatt Company by 2016.” In the earlier round of investment, NRPPL had raised $ 40 million from FE Clean Energy and $20 million from International Finance Corporation.

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 61.41
UK Pound	1	Rs. 99.53
Euro	1	Rs. 84.82

INFORMATION DETAILS

Report Prepared by :

VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	4
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.

MIRA INFORM REPORT

3.19

NA

0.43

0.00

0.69

1.24

Unit