MIRA INFORM REPORT

Report Date :

09.07.2014

IDENTIFICATION DETAILS

Name :	PATEL ENGINEERING LIMITED (w.e.f 09.12.1999)
Formerly Known As :	PATEL ENGINEERING COMPANY LIMITED
Registered Office :	Pate Estates V Road, Jogeshwari (West), Mumbai – 400102, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	02.04.1949
Com. Reg. No.:	11-007039
Capital Investment / Paid-up Capital :	Rs. 69.800 Millions
CIN No.: [Company Identification No.]	L99999MH1949PLC007039
TAN No.: [Tax Deduction & Collection Account No.]	MUMP02050G MUMP00205C
PAN No.: [Permanent Account No.]	AAACP2567L
Legal Form :	A Public Limited Liability Company. The company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Construction of tunnels, dams, bridges, buildings, power stations, marine works etc.
No. of Employees :	1310 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (49)

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

Maximum Credit Limit :	USD 28000000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There seems some continuous dip in the profit of the company. However, networth of the company is good. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. 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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Bank Facilities = BBB (Revised from A)
Rating Explanation	Moderate degree of safety it carry moderate credit risk.
Date	17.10.2013

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3 (Revised from A1)
Rating Explanation	Moderate degree of safety it carry higher credit risk.
Date	17.10.2013

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.

INFORMATION DECLINED BY

Name :	Mr. Prakash Patel
Designation :	Accounts Manager
Contact No.:	91-22-26767500 / 661

LOCATIONS

Registered Office :	Pate Estates V Road, Jogeshwari (West), Mumbai – 400102, Maharashtra, India
Tel. No.:	91-22-26782916/26782885/26782560/26767500 Extn: 661
Fax No.:	91-22-26782455/26781505
E-Mail :	Shobha.shetty@pateleng.com headoffice@pateleng.com info@pateleng.com investors@pateleng.com
Website :	www.patelengineering.in www.pateleng.com

DIRECTORS

As on 31.03.2012

Name :

Mr. Pravin Arjunbhai Patel

Designation :

Whole-Time Director

Address :

A.K. Abdul Razzak Patel Bungalow 5-D Dadabhai Road, Santacruz (West), Mumbai 400054, Maharashtra, India

Date of Birth/Age :

03.01.1937

Date of Appointment :

27.09.2013

DIN No.:

00029453

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	U28920MH1973PTC016432	PRAHAM INDIA PRIVATE LIMITED	Director	28/03/1973	28/03/1973	-	Converted to LLP and dissolved	NO
2	L99999MH1949PLC007039	PATEL ENGINEERING LIMITED	Whole-time director	27/09/2013	29/08/1989	-	Active	NO
3	U70100MH1996PLC102612	PATEL ENERGY LIMITED	Director	17/09/1996	17/09/1996	02/04/2007	Active	NO
4	U45203MH1999PLC120403	ASI - RCC INDIA LIMITED	Director	18/06/1999	18/06/1999	-	Active	NO
5	U45200MH1981PTC024198	CORAL CONSTRUCTION PRIVATE LIMITED.	Director	01/04/2005	01/04/2005	-	Active	NO
6	U70100MH2000PTC127553	NADHAL LANDS PRIVATE LIMITED	Director	30/04/2005	30/04/2005	11/11/2011	Active	NO
7	U45200MH2005PTC156007	LANDVIEW INDIA PRIVATE LIMITED	Director	13/09/2005	13/09/2005	-	Active	NO
8	U45200MH2005PTC158493	PATEL PATRON PRIVATE LIMITED	Director	30/12/2005	30/12/2005	-	Active	NO
9	U45300MH1973PTC016515	MICHIGAN ENGINEERS PVT LTD	Director	29/07/2006	29/07/2006	-	Active	NO
10	U40108TG2006PLC067638	PEL POWER LIMITED	Director	05/09/2006	05/09/2006	15/04/2014	Active	NO
11	U45201MH2006PTC164317	PHEDRA PROJECTS PVT. LTD.	Director	05/09/2006	05/09/2006	-	Active	NO
12	U70200MH2007PLC167118	PATEL REALTY (INDIA) LIMITED	Director	26/02/2007	26/02/2007	13/11/2013	Active	NO
13	U51909MH2007PTC167522	ZEUS MINERALS TRADING PRIVATE LIMITED	Director	03/04/2007	03/04/2007	01/03/2013	Active	NO
14	U45400MH2007PTC170089	NIRVANA LANDS PRIVATE LIMITED	Director	19/04/2007	19/04/2007	-	Active	NO
15	U45200MH2007PTC172404	AABHA LAND PROJECTS PRIVATE LIMITED	Director	16/07/2007	16/07/2007	-	Active	NO
16	U14200MH2008PTC178210	PATEL CONCRETE & QUARRIES PRIVATE LIMITED	Director	24/01/2008	24/01/2008	01/10/2012	Active	NO
17	U70102MH2008PTC180315	SENTA PROJECT DEVELOPERS PRIVATE LIMITED	Director	19/03/2008	19/03/2008	-	Strike off	NO
18	U70200MH2008PTC180370	SKYE PROJECT DEVELOPERS PRIVATE LIMITED	Director	24/03/2008	24/03/2008	-	Strike off	NO
19	U70102MH2008PTC180422	AZRA LAND PROJECTS PRIVATE LIMITED	Director	25/03/2008	25/03/2008	-	Active	NO
20	U70200MH2008PTC180434	ADDO LAND PROJECTS PRIVATE LIMITED	Director	26/03/2008	26/03/2008	-	Strike off	NO
21	U40300MH2008PTC181452	PATEL ENERGY TRADING PRIVATE LIMITED	Director	23/04/2008	23/04/2008	12/06/2008	Strike off	NO
22	U40101UP2008PTC049630	DIRANG ENERGY PRIVATE LIMITED	Director	23/06/2008	23/06/2008	15/02/2011	Active	NO
23	U40101UP2008PTC048287	WEST KAMENG ENERGY PRIVATE LIMITED	Director	26/06/2008	26/06/2008	15/02/2011	Active	NO
24	U40108MH2008PTC185929	SASKANG RONG ENERGY PRIVATE LIMITED	Director	19/08/2008	19/08/2008	-	Active	NO
25	U45201MH2006PTC164316	FUTURISTIC LANDS PRIVATE LIMITED	Director	18/08/2011	18/08/2011	-	Active	NO
26	U45201MH2006PLC162858	PATEL ENGINEERING INFRASTRUCTURE LIMITED	Director	31/08/2012	01/02/2012	-	Active	NO
27	U45209TG2012PTC078886	PBSR DEVELOPERS PRIVATE LIMITED	Additional director	15/09/2012	15/09/2012	01/07/2013	Active	NO
28	U45400MH2007PTC171048	VISMAYA CONSTRUCTIONS PRIVATE LIMITED	Director	14/08/2013	01/10/2012	-	Active	NO
29	U45400MH2007PTC171064	BHOOMA REALTIES PRIVATE LIMITED	Director	14/08/2013	01/10/2012	-	Active	NO
30	U45201MH2006PTC164318	PANDORA INFRA PRIVATE LIMITED	Director	14/08/2013	01/10/2012	-	Active	NO
31	U70101DL2009PTC193609	PAN REALTORS PRIVATE LIMITED	Director	30/09/2013	27/11/2012	-	Active	NO
32	U45200MH2008PTC182108	BELLEHOME PRIVATE LIMITED	Director	11/03/2013	11/03/2013	01/07/2013	Active	NO
33	AAA-1612	CARTERS ONE DEVELOPERS LLP	Designated Partner	17/06/2010	17/06/2010	-	Active	NO
34	AAA-2651	PATEL CORPORATION LLP	Designated Partner	29/10/2010	29/10/2010	-	Active	NO
35	AAA-2865	PRAHAM INDIA LLP	Designated Partner	23/11/2010	23/11/2010	-	Active	NO
36	AAA-3324	IPANEMA RESIDENCE LLP	Designated Partner	07/01/2011	07/01/2011	-	Active	NO
37	AAA-3532	BKC BUSINESS CENTRE LLP	Designated Partner	25/01/2011	25/01/2011	-	Active	NO

Name :

Mr. Rupen Pravin Patel

Designation :

Managing Director

Address :

A.K.Patel Bungalow 5-D Dadabhai Road, Santacruz (West), Mumbai 400054, Maharashtra, India

Date of Birth/Age :

24.08.1966

Date of Appointment :

01.04.2014

DIN No.:

00029583

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	U28920MH1973PTC016432	PRAHAM INDIA PRIVATE LIMITED	Director	24/08/1987	24/08/1987	-	Converted to LLP and dissolved	NO
2	U31300MH1981PTC025056	ADVANCED MAGNETICS PRIVATE LIMITED	Director	01/03/1990	01/03/1990	01/10/2010	Active	NO
3	U70100MH1989PTC050515	PATEL CORPORATION PRIVATE LIMITED	Director	16/08/1995	16/08/1995	-	Converted to LLP and dissolved	NO
4	L99999MH1949PLC007039	PATEL ENGINEERING LIMITED	Managing director	01/04/2014	26/10/1995	-	Active	NO
5	U92100MH2005PLC150430	SEVEN ENTERTAINMENT LIMITED	Director	05/01/2005	05/01/2005	30/04/2006	Under Process of Striking off	NO
6	U70100MH2005PTC157559	PATEL ENGINEERS PRIVATE LIMITED	Director	25/11/2005	25/11/2005	-	Active	NO
7	U45200MH2005PTC158079	SHREEANANT CONSTRUCTION PRIVATE LIMITED	Director	15/12/2005	15/12/2005	-	Active	NO
8	U45200MH2005PTC158493	PATEL PATRON PRIVATE LIMITED	Director	30/12/2005	30/12/2005	-	Active	NO
9	U45201MH2006PLC162856	PATEL KNR INFRASTRUCTURES LIMITED	Director	26/06/2006	26/06/2006	01/03/2011	Active	NO
10	U45201MH2006PLC162858	PATEL ENGINEERING INFRASTRUCTURE LIMITED	Director	26/06/2006	26/06/2006	15/03/2011	Active	NO
11	U45300MH1973PTC016515	MICHIGAN ENGINEERS PRIVATE LIMITED	Director	29/07/2006	29/07/2006	-	Active	NO
12	U45201MH2006PTC164318	PANDORA INFRA PRIVATE LIMITED	Director	05/09/2006	05/09/2006	05/01/2007	Active	NO
13	U40108TG2006PLC067638	PEL POWER LIMITED	Director	05/09/2006	05/09/2006	05/01/2007	Active	NO
14	U45201MH2006PTC164317	PHEDRA PROJECTS PRIVATE LIMITED.	Director	05/09/2006	05/09/2006	05/01/2007	Active	NO
15	U45201MH2006PTC164319	ARSEN INFRA PRIVATE LIMITED	Director	05/09/2006	05/09/2006	01/10/2010	Active	NO
16	U51109MH2007PTC166783	HEBE INFRACON PRIVATE LIMITED	Director	06/01/2007	06/01/2007	01/10/2010	Active	NO
17	U51103MH2007PTC166822	TERMINUS REALCON PRIVATE LIMITED	Director	08/01/2007	08/01/2007	01/10/2010	Strike off	NO
18	U70109MH2007PTC166825	HERA REALCON PRIVATE LIMITED	Director	08/01/2007	08/01/2007	01/10/2010	Active	NO
19	U70109MH2007PTC166898	LUCINA REALTORS PRIVATE LIMITED	Director	10/01/2007	10/01/2007	09/02/2007	Active	NO
20	U70200MH2007PLC166899	BELLONA ESTATE DEVELOPERS LIMITED	Director	10/01/2007	10/01/2007	09/02/2007	Active	NO
21	U72300MH2007PTC167059	ARES INFRADEVELOPERS PRIVATE LIMITED	Director	17/01/2007	17/01/2007	09/03/2007	Strike off	NO
22	U70200MH2007PLC167118	PATEL REALTY (INDIA) LIMITED	Additional director	13/11/2013	18/01/2007	-	Active	NO
23	U51909MH2007PTC167522	ZEUS MINERALS TRADING PRIVATE LIMITED	Director	03/02/2007	03/02/2007	02/07/2007	Active	NO
24	U45200MH2007PTC167521	APOLLO BUILDWELL PRIVATE LIMITED	Director	03/02/2007	03/02/2007	01/10/2010	Active	NO
25	U45400MH2007PTC171064	BHOOMA REALTIES PRIVATE LIMITED	Director	22/05/2007	22/05/2007	02/07/2007	Active	NO
26	U45400MH2007PTC171048	VISMAYA CONSTRUCTIONS PRIVATE LIMITED	Director	22/05/2007	22/05/2007	02/07/2007	Active	NO
27	U45400MH2007PTC171050	NIRMAN CONSTRUCTIONS PRIVATE LIMITED	Director	22/05/2007	22/05/2007	02/07/2007	Active	NO
28	U70102MH2007PTC171886	SHASHVAT LAND PROJECTS PRIVATE LIMITED	Director	21/06/2007	21/06/2007	02/07/2007	Active	NO
29	U40108MH2008PTC185929	SASKANG RONG ENERGY PRIVATE LIMITED	Director	19/08/2008	19/08/2008	01/10/2010	Active	NO
30	U72900MH2009PTC193475	ENERGY DESIGN PRIVATE LIMITED	Director	22/06/2009	22/06/2009	-	Active	NO
31	U80301MH2009NPL196725	ARPAN WELFARE FOUNDATION	Director	28/10/2009	28/10/2009	-	Active	NO
32	U70102TG2006PLC049949	PATEL KNR HEAVY INFRASTRUCTURES LIMITED	Director	25/09/2010	01/06/2010	01/03/2011	Active	NO
33	U40108UP2010PTC042685	PATEL HYDRO POWER PRIVATE LIMITED	Director	29/11/2010	29/11/2010	-	Active	NO
34	U40102TG2011PTC072720	PATEL THERMAL ENERGY PRIVATE LIMITED	Director	18/02/2011	18/02/2011	15/04/2014	Active	NO
35	U45400MH2012PLC234318	CAPACIT'E INFRAPROJECTS LIMITED	Director	06/11/2012	06/11/2012	18/04/2014	Active	NO
36	AAA-2651	PATEL CORPORATION LLP	Designated Partner	29/10/2010	29/10/2010	-	Active	NO
37	AAA-2865	PRAHAM INDIA LLP	Designated Partner	23/11/2010	23/11/2010	-	Active	NO

Name :

Mr. Krishnamoorthy Kannan

Designation :

Director

Address :

576-B, Mahesh, Jame Jamshedji Road, Matunga, Mumbai -400019, Maharashtra, India

Date of Birth/Age :

17.11.1939

Date of Appointment :

04.08.2005

Name :

Mr. Khizer Abdul Razzak Ahmed

Designation :

Director

Address :

C-34, 1st Floor, Malviya Nagar, New Delhi 100 017, India

Date of Birth/Age :

15.01.1940

Date of Appointment :

04.08.2005

Name :

Mr. Srinivasa Jambunathan

Designation :

Director

Address :

9, Prakash Co-op. Hsg. Society, Relief Road, Daulat Nagar, Santacruz (West), Mumbai – 400 054, Maharashtra, India

Date of Birth/Age :

01.05.1938

Date of Appointment :

30.03.2009

Name :

Ms. Silloo Patel,

Designation :

Whole Time Director

Address :

5A, Monisha, St.Andrews Road, Bandra, Mumbai 400 050, Maharashtra, India

Date of Birth/Age :

14.05.1947

Date of Appointment :

01.09.2011

DIN No.:

00029656

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	U70100MH1989PTC050515	PATEL CORPORATION PRIVATE LIMITED	Director	31/01/1989	31/01/1989	-	Converted to LLP and dissolved	NO
2	L99999MH1949PLC007039	PATEL ENGINEERING LIMITED	Whole-time director	01/09/2011	19/10/1992	-	Active	NO
3	U70100MH1996PLC102612	PATEL ENERGY LIMITED	Director	18/02/1997	18/02/1997	01/02/2012	Active	NO
4	U70100MH2005PTC157559	PATEL ENGINEERS PRIVATE LIMITED	Director	25/11/2005	25/11/2005	-	Active	NO
5	U45201MH2006PLC162858	PATEL ENGINEERING INFRASTRUCTURE LIMITED	Director	26/06/2006	26/06/2006	01/02/2012	Active	NO
6	U45201MH2006PTC164314	PRAVAL DEVELOPERS PRIVATE LIMITED.	Director	05/09/2006	05/09/2006	01/02/2012	Active	NO
7	U45201MH2006PTC164319	ARSEN INFRA PRIVATE LIMITED	Director	05/09/2006	05/09/2006	01/02/2012	Active	NO
8	U51109MH2007PTC166783	HEBE INFRACON PRIVATE LIMITED	Director	06/01/2007	06/01/2007	01/02/2012	Active	NO
9	U70109MH2007PTC166825	HERA REALCON PRIVATE LIMITED	Director	08/01/2007	08/01/2007	01/02/2012	Active	NO
10	U51103MH2007PTC166822	TERMINUS REALCON PRIVATE LIMITED	Director	08/01/2007	08/01/2007	-	Strike off	NO
11	U70109MH2007PTC166898	LUCINA REALTORS PRIVATE LIMITED	Director	10/01/2007	10/01/2007	01/02/2012	Active	NO
12	U70200MH2007PLC166899	BELLONA ESTATE DEVELOPERS LIMITED	Director	10/01/2007	10/01/2007	01/02/2012	Active	NO
13	U72300MH2007PTC167059	ARES INFRADEVELOPERS PRIVATE LIMITED	Director	17/01/2007	17/01/2007	-	Strike off	NO
14	U70200MH2007PLC167118	PATEL REALTY (INDIA) LIMITED	Director	18/01/2007	18/01/2007	01/02/2012	Active	NO
15	U45200MH2007PTC167521	APOLLO BUILDWELL PRIVATE LIMITED	Director	03/02/2007	03/02/2007	01/02/2012	Active	NO
16	U51909MH2007PTC167522	ZEUS MINERALS TRADING PRIVATE LIMITED	Director	03/02/2007	03/02/2007	-	Active	NO
17	U45400MH2007PTC171048	VISMAYA CONSTRUCTIONS PRIVATE LIMITED	Director	22/05/2007	22/05/2007	02/07/2007	Active	NO
18	U45400MH2007PTC171050	NIRMAN CONSTRUCTIONS PRIVATE LIMITED	Director	22/05/2007	22/05/2007	02/07/2007	Active	NO
19	U45400MH2007PTC171064	BHOOMA REALTIES PRIVATE LIMITED	Director	22/05/2007	22/05/2007	02/07/2007	Active	NO
20	U70102MH2007PTC171886	SHASHVAT LAND PROJECTS PRIVATE LIMITED	Director	21/06/2007	21/06/2007	02/07/2007	Active	NO
21	U45209TG2012PTC078886	PBSR DEVELOPERS PRIVATE LIMITED	Additional director	15/09/2012	15/09/2012	01/07/2013	Active	NO
22	U14200MH2008PTC178210	PATEL CONCRETE AND QUARRIES PRIVATE LIMITED	Director	25/09/2013	01/10/2012	-	Active	NO
23	U40101MH2008PTC184030	PATEL ENERGY ASSIGNMENT PRIVATE LIMITED	Director	06/08/2013	06/08/2013	15/04/2014	Active	NO

Name :

Mr. Nimish Patel

Designation :

Whole Time Director

Address :

`Sharda’ 51, Hatkesh Society, 7th Road, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

28.02.1970

Date of Appointment :

01.02.1999

Name :

Mr. Priyavadan C. Purohit

Designation :

Director

Address :

1906-1238, Melville St Vancouver Bc V6e4n2 Canada

Date of Birth/Age :

17.03.1940

Date of Appointment :

30.03.2009

Name :

Mr. Bhaskar Mehta

Designation :

Director

Address :

Cozy Cottage, Adiyabad Estate, A.B. Nair Road, Juhu, Santacruz (West), Mumbai - 400054, Maharashtra, India

Date of Birth/Age :

17.08.1934

Date of Appointment :

22.09.2009

KEY EXECUTIVES

Name :	Ms. Shetty Ranjit Shobha
Designation :	Company Secretary
Address :	404, Sylvan Apartment Pitamber Lane Mahim, Mumbai 400016, Maharashtra, India
Date of Birth/Age :	26.03.1976
Date of Appointment :	01.10.2003
Pan No.:	AAQPS3031B
Name :	Mr. Prakash Patel
Designation :	Accounts Manager
Audit Committee :	· Mr. Krishnamoorthy Kannan (Chairman) · Mr. Pravin Patel · Mr. Khizer Ahmed
Remuneration Committee :	· Mr. Khizer Ahmed (Chairman) · Mr. Pravin Patel · Mr. Krishnamoorthy Kannan · Mr. Srinivasa Jambunathan

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2014

Category of Shareholder	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	3473750	4.56
Bodies Corporate	34847724	45.71
Sub Total	38321474	50.26
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	38321474	50.26
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	12221	0.02
Financial Institutions / Banks	1340016	1.76
Insurance Companies	2266764	2.97
Foreign Institutional Investors	875935	1.15
Sub Total	4494936	5.90
(2) Non-Institutions
Bodies Corporate	3698285	4.85
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	15723992	20.62
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	4555103	5.97
Any Others (Specify)	9450535	12.40
Clearing Members	800634	1.05
Non Resident Indians	931036	1.22
Directors & their Relatives & Friends	1672158	2.19
Trusts	6046707	7.93
Sub Total	33427915	43.84
Total Public shareholding (B)	37922851	49.74
Total (A)+(B)	76244325	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	76244325	0.00

BUSINESS DETAILS

Line of Business :	Construction of tunnels, dams, bridges, buildings, power stations, marine works etc.
Products :	· Civil Engineering and Construction · Turnkey Civil Contracting

GENERAL INFORMATION

No. of Employees :

1310 (Approximately)

Bankers :

· ICICI Bank Limited

· Bank of India

· Dena Bank

· Canara Bank

· Bank of Baroda

· Industrial Development Bank of India Limited

· Union Bank of India

· Corporation Bank

· State Bank of Patiala

· Axis Bank Limited

· Standard Chartered Bank

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
LONG TE RM BORROWINGS
Debentures	4950.000	3950.000
Term Loans
- From Bank	6084.600	2070.690
From Others	366.630	488.220
SHORT TE RM BORROWINGS
Short Term Loans From Bank	500.000	2370.350
Loans Repayable on Demand From Bank	11100.510	4756.630
Total	23001.740	13635.890

Banking Relations :	---
Auditors :
Name :	Vatsaraj and Company Chartered Accountants
Address :	Bharat House,104, Mumbai Samachar Marg, Fort, Mumbai - 400 001, Maharashtra, India
PAN No.:	AACFV7282K
Related Parties : (As on 31.03.2012)	· Patel Realty (India) Limited · Vismaya Constructions Private Limited · Patel Energy Resources Limited · Bhooma Realties Private Limited · Michigan Engineers Private Limited · Friends Nirman Private Limited · Shreeanant Construction Private Limited · Patel Concrete and Quarries Limited · Pan Realtors Private Limited · ASI Inc · Energy Design Private Limited · Patel Engineering Infrastructure Limited · Patel Lands Limited · Patel Engineering (Mauritius) Limited · Patel Patron Private Limited · Patel Engineering (Singapore) Pte. Limited · Patel Engineers Private Limited · Patel Engineering Inc · Pandora Infra Private Limited · Patel Engineering Lanka Limited · Shashvat Land Projects Private Limited · Zeus Minerals Trading Private Limited (earlier known as Zeus Land Projects Private Limited)
Subsidiaries of Patel Realty (India) Limited : (As on 31.03.2012)	· Bellona Estate Developers Limited · Nirman Constructions Private Limited · Hebe Infracon Private Limited · Azra Land Projects Private Limited · Hera Realcon Private Limited · Waterfront Developers Limited · Lucina Realtors Private Limited · Les Salines Development Limited · Apollo Buildwell Private Limited · La Bourgade Development Limited · Arsen Infra Private Limited · Ville Magnifique Development Limited · Praval Developers Private Limited · Sur La Plage Development Limited · Phedra Projects Private Limited
Subsidiaries of Patel Energy Resources Limited : (As on 31.03.2012)	· Dirang Energy Private Limited · PEL Power Limited · West Kameng Energy Private Limited · PEL Port Private Limited · Patel Energy Assignment Private Limited · Patel Energy Limited · Patel Energy Projects Private Limited · Laksha Infra Projects Private Limited · Patel Energy Operations Private Limited · Jayshe Gas Power Private Limited · Patel Hydro Power Private Limited · Patel Thermal Energy Private Limited · Digin Hydro Power Private Limited · Meyong Hydro Power Private Limited · Shree Balaji Power Services Private Limited(upto November 9, 2011) · Patel Energy Trading Private Limited · Naulo Nepal Hydro Electric Private Limited
Subsidiaries of ASI Inc : (As on 31.03.2012)	· ASI Australia Pty Limited · Engg. and Const. Inc. · HCP Inc.
Subsidiaries of Patel Engineering (Singapore) Pte Limited : (As on 31.03.2012)	· Patel Surya (Singapore) Pte. Limited · Patel Param Energy Pte Limited · PT PEL Minerals Resources · PT Patel Surya Jaya · Patel Param Minerals Pte Limited · Patel Param Natural Resources Pte Limited · PT Patel Surya Minerals · Mineral Resources Holding Limited · PT Surya Geo Minerals · PT Patel Engineering Indonesia · PT Surpat Geo Minerals
Subsidiaries of Patel Engineering Inc : (As on 31.03.2012)	· ASI RCC Inc · ASI RCC India Limited · Westcon Microtunelling Inc
Subsidiaries of Patel Engineering (Mauritius) Limited : (As on 31.03.2012)	· Patel Mining (Mauritius) Limited · Metalline Mine Works, Lda · Enrich Mining Vision, Lda · Patel Mining Assignments, Lda · Placer Mining Division, Lda · Chivarro Mines Mozambique, Lda · Patel Infrastructure, Lda · Fortune Mines Concession, Lda · Trend Mining Projects, Lda · Omini Mines Enterprises, Lda · Accord Mines Venture, Lda · Quest Mining Activities, Lda · Netcore Mining Operations, Lda
Associates: (As on 31.03.2012)	· Enpro Limited · Patel KNR Heavy Infrastructure Limited · Patel KNR Infrastructure Limited · Raichur Sholapur Transmission Company Limited · ACP Tollways Private Limited · Terra Land Developers Limited
Others : (As on 31.03.2012)	· Saskang Rong Energy Private Limited · Patel Corporation LLP · Praham India LLP

CAPITAL STRUCTURE

After 27.09.2013

Authorised Capital : Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.76.806 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
150000000	Equity Shares	Rs. 1/- each	Rs.150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
69827151	Equity Shares	Rs. 1/- each	Rs.69.830 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	69.830	69.830	69.830
(b) Reserves & Surplus	14512.510	14073.230	13269.800
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	14582.340	14143.060	13339.630
(3) Non-Current Liabilities
(a) long-term borrowings	11401.230	7517.920	6743.030
(b) Deferred tax liabilities (Net)	9.510	66.090	34.780
(c) Other long term liabilities	3729.770	4840.910	4600.750
(d) long-term provisions	41.830	14.560	18.100
Total Non-current Liabilities (3)	15182.340	12439.480	11396.660
(4) Current Liabilities
(a) Short term borrowings	13449.600	11341.500	11520.110
(b) Trade payables	6260.070	6249.460	5282.470
(c) Other current liabilities	6121.760	5252.050	4190.280
(d) Short-term provisions	22.750	31.530	506.020
Total Current Liabilities (4)	25854.180	22874.540	21498.880
TOTAL	55618.860	49457.080	46235.170
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2938.220	2517.840	2795.020
(ii) Intangible Assets	33.780	50.040	1.700
(iii) Capital work-in-progress	183.570	1035.560	601.080
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	5711.640	5538.640	4800.480
(c) Deferred tax assets (net)	8094.980	7468.830	6631.980
(d) Long-term Loan and Advances	12.540	14.040	14.530
(e) Other Non-current assets	686.980	327.240	578.200
Total Non-Current Assets	17661.710	16952.190	15422.990
(2) Current assets
(a) Current investments	0.050	0.000	0.000
(b) Inventories	19145.150	14794.530	18070.360
(c) Trade receivables	8008.610	8420.760	6425.140
(d) Cash and cash equivalents	1825.500	1503.350	1035.500
(e) Short-term loans and advances	8968.320	7692.240	5214.860
(f) Other current assets	9.520	94.010	66.320
Total Current Assets	37957.150	32504.890	30812.180
TOTAL	55618.860	49457.080	46235.170

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	31032.110	25496.420	25372.050
		Other Income	1079.730	938.330	805.210
		TOTAL (A)	32111.840	26434.750	26177.260
Less	EXPENSES
		Cost of Construction	24670.020	20609.910	19861.460
		Employee benefits expense	795.720	681.000	751.730
		Other expenses	1152.250	779.200	1083.230
		TOTAL (B)	26617.990	22070.110	21696.420
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5493.850	4364.640	4480.840
Less	FINANCIAL EXPENSES (D)		4201.110	2880.820	2597.930
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1292.740	1483.820	1882.910
Less/ Add	DEPRECIATION/ AMORTISATION (F)		525.480	528.210	527.760
	PROFIT BEFORE TAX (E-F) (G)		767.260	955.610	1355.150
Less	TAX (H)		275.070	351.310	333.040
	PROFIT AFTER TAX (G-H) (I)		492.190	604.300	1022.110
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		3601.040	3381.090	2800.140
	APPROPRIATIONS
		Transfer to General Reserve	0.000	75.000	150.000
		Dividend	0.000	20.950	69.830
		Tax on Dividend	0.000	3.400	11.330
		Debenture Redemption Reserve	-3.750	285.000	210.000
	BALANCE CARRIED TO THE B/S		4096.980	3676.040	3381.090
	IMPORTS
		Stores Materials	62.220	21.190	189.630
		Components and Spare Parts	56.390	0.000	2.250
		Capital Goods	82.660	17.830	106.850
	TOTAL IMPORTS		201.270	39.020	298.730
	Earnings Per Share (Rs.)
	Basic		7.05	8.65	14.64
	Diluted		7.05	8.65	14.64

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.53	2.29	3.90
Net Profit Margin (PBT/Sales)	(%)	2.47	3.75	5.34
Return on Total Assets (PBT/Total Assets}	(%)	1.84	2.70	3.96
Return on Investment (ROI) (PBT/Networth)		0.05	0.07	0.10
Debt Equity Ratio (Total Debt /Networth)		1.70	1.33	1.37
Current Ratio (Current Asset/Current Liability)		1.47	1.42	1.43

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	69.830	69.830	69.830
Reserves & Surplus	13269.800	14073.230	14512.510
Net worth	13339.630	14143.060	14582.340
long-term borrowings	6743.030	7517.920	11401.230
Short term borrowings	11520.110	11341.500	13449.600
Total borrowings	18263.140	18859.420	24850.830
Debt/Equity ratio	1.369	1.333	1.704

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	25372.050	25496.420	31032.110
		0.490	21.712

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	25372.050	25496.420	31032.110
Profit	1022.110	604.300	492.190
	4.03%	2.37%	1.59%

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	Yes
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last two years	Yes
12]	Profitability for last two 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	No
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

FINANCIAL HIGHLIGHTS

On standalone basis, the total income was higher at Rs.32111.840 millions as against Rs.26434.750 millions for the previous year, thereby recording a growth of 21.47%. The profit before depreciation was lower by 12.89% at Rs.1292.740 millions as against Rs.1483.870 millions for the previous year. The net profit was lower by 18.55% at Rs.492.190 millions as against Rs.604.310 millions for the previous year.

UNSECURED LOAN

Rs. In Millions

	As on 31.03.2013	As on 31.03.2012
LONG TE RM BORROWINGS
From Banks	0.000	1009.010
SHORT TE RM BORROWINGS
From Bank	1450.000	2264.020
Commercial Papers - From Bank	399.090	1950.500
Total	1849.090	5223.530

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10497197	16/05/2014	60,000,000.00	BANK OF BARODA	CORPORATE FINANCIAL SERVICES BRANCH, 4TH FLOOR, 10/12, M.S. MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	C05378773
2	10484838	22/03/2014	1,500,000,000.00	BANK OF MAHARASHTRA	INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, DR. V.B.  GANDHI MARG, MUMBAI, MAHARASHTRA - 400001, INDIA	C00492660
3	10485592	22/03/2014	3,300,000,000.00	BANK OF MAHARASHTRA	INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, DR. V.B.  GANDHI MARG, MUMBAI, MAHARASHTRA - 400001, INDIA	C00738260
4	10483834	18/03/2014 *	1,000,000,000.00	GDA TRUSTEESHIP LIMITED	GDA HOUSE, FIRST FLOOR, PLOT NO. 85, S. NO. 94 &  95, BHUSARI COLONY (RIGHT), KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA	C00451807
5	10483833	27/03/2014 *	975,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 416001, INDIA	C00848820
6	10488819	03/02/2014	58,000,000.00	SREI EQUIPMENT FINANCE LIMITED	SREI EQUIPMENT FINANCE LIMITED, KOLKATA, WEST BENGAL - 700046, INDIA	C02318962
7	10476242	31/01/2014	750,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA	B95761359
8	10469026	04/03/2014 *	800,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	C00106625
9	10458504	03/10/2013	23,175,000.00	TATA MOTORS FINANCE LIMITED	C/O. TATA MOTORS LIMITED, 3RD FLOOR, NANAVATI MAHALAYA, 18, HOMI MODY STREET, MUMBAI, MAHARASHTRA  - 400001, INDIA	B88861703
10	10456270	20/09/2013	500,000,000.00	BANK OF INDIA	M.D.I BUILDING, 1ST FLOOR, 28, S.V ROAD, ANDHERI  (WEST), MUMBAI, MAHARASHTRA - 400058, INDIA	B88039201
11	10445138	24/08/2013	1,000,000,000.00	BANK OF MAHARASHTRA	INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, DR. V.  B. GANDHI MARG, MUMBAI, MAHARASHTRA - 400001, INDIA	B83102855
12	10440947	02/08/2013	750,000,000.00	IDBI BANK LIMITED	IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B81073769
13	10434669	03/07/2013	6,613,552.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B78655479
14	10430448	22/05/2013	32,744,121.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	B76860113
15	10430445	22/05/2013	35,740,256.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	B76859826
16	10410843	06/03/2013	28,800,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B70437819
17	10411590	05/03/2013	1,500,000,000.00	EXPORT-IMPORT BANK OF INDIA	CENTRE ONE, FLOOR 21,, WORLD TRADE CENTRE COMPLEX, CUFFE PARADE,, MUMBAI, MAHARASHTRA - 400005, INDIA	B70705470
18	10407282	12/09/2013 *	250,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	B84877042
19	10401115	29/01/2013	67,000,000.00	AXIS BANK LIMITED	5-2-183/184,ASC CENTRE, III FLOOR, RP ROAD, HYDER  ABAD, ANDHRA PRADESH - 500003, INDIA	B67285486
20	10393861	13/12/2012 *	1,500,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA	B65570160
21	10388547	03/11/2012	3,330,306.00	NORTH EASTERN ELECTRIC POWER CORPN LTD	BROOKLAND COMPOUND LOWER NEW COLONY, DIST.EAST KHASI HILLS, SHILLONG, MEGHALAYA - 793003, INDIA	B62804075
22	10388447	03/11/2012	15,521,282.00	NORTH EASTERN ELECTRIC POWER CORPN LTD	BROOKLAND COMPOUND LOWER NEW COLONY, DIST.EAST KHASI HILLS, SHILLONG, MEGHALAYA - 793003, INDIA	B62766845
23	10379161	15/09/2012	110,000,000.00	AXIS BANK LIMITED	ASC CENTER, 5-2-183/184, R.P ROAD, SECUNDERABAD,  ANDHRA PRADESH - 500003, INDIA	B59152009
24	10375708	05/09/2012	5,000,000,000.00	DENA BANK	C-10, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	B57780603
25	10367271	12/07/2012	4,301,210.00	AXIS BANK LIMITED	5-2-183/184,ASC CENTRE, III FLOOR, R.P ROAD, HYDERABAD, ANDHRA PRADESH - 500003, INDIA	B44422186
26	10364363	27/06/2012	32,345,055.00	AXIS BANK LIMITED	5-2-183/184,ASC CENTRE, III FLOOR, RP ROAD, HYDERABAD, ANDHRA PRADESH - 500003, INDIA	B43140912
27	10366658	15/06/2012	550,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	B44230647
28	10366655	15/06/2012	600,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	B44229003
29	10363946	25/05/2012	29,941,399.00	NTPC LIMITED	NTPC BHAWAN, SCOPE COMPLEX, 7, INSTITUTIONAL AREA,  LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA	B42976167
30	10357444	19/04/2012	200,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B40258303
31	10350043	17/04/2012	3,700,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA -  400018, INDIA	B37694098
32	10350352	30/03/2012	9,397,013.00	SIEMENS FINANCIAL SERVICES PRIVATE LIMITED	130, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	B37782489
33	10350367	10/03/2012	7,747,942.00	SIEMENS FINANCIAL SERVICES PRIVATE LIMITED	130, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA	B37785292
34	10340870	23/02/2012	380,000,000.00	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA	B34449454
35	10337605	31/12/2011	14,408,238.00	NTPC LIMITED	NTPC BHAWAN, SCOPE COMPLEX, 7, INSTITUTIONAL AREA,  LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA	B32979619
36	10304527	25/03/2013 *	1,500,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA	B71708564
37	10295214	15/06/2011	500,000,000.09	SREI EQUIPMENT FINANCE PRIVATE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BENGAL - 700046, INDIA	B16205379
38	10287590	20/05/2011	500,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	B13173786
39	10265969	21/01/2011	500,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR,, KOLHAPUR, MAHARASHTRA - 416001, INDIA	B04994828
40	10233706	01/03/2013 *	470,000,000.00	STANDARD CHARTERED BANK	CRESCENZO, 3A FLOOR, C 38/39, G BLOCK,, BEHIND MCACLUB BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	B69621803
1	10228955	02/07/2010	1,000,000,000.00	IDBI TRUSTEESHIP SERVICES LIMITED	ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA	A89168421
42	10213011	27/03/2010	93,859,171.00	NTPC LIMITED	NTPC BHAWAN, SCOPE COMPLEX, 7, INSTITUTIONAL AREA,  LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA	A82912064
43	10191647	29/03/2010 *	950,000,000.00	AXIS TRUSTEE SERVICES LIMITED	MAKER TOWERS 'F', 13TH FLOOR, CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA	A85790889
44	10217136	10/08/2009	42,834,620.00	NTPC LIMITED	NTPC BHAWAN, SCOPE COMPLEX, 7, INSTITUTIONAL AREA,  LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA	A79811527
45	10148042	17/03/2011 *	1,500,000,000.00	IDBI BANK LIMITED	IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B08031601
46	10123444	25/09/2008	7,710,416.00	THE EXECUTIVE ENGINEER	KOYNA CONSTRUCTION DIV. NO.2, ALORE, TALUK CHIPLUN, DIST. RATNAGIRI, ALORE, MAHARASHTRA - 415603, INDIA	A46125753
47	10097270	31/03/2008	9,134,739.00	THE EXECUTIVE ENGINEER	KOYNA CONSTRUCTION DIV. NO.2, ALORE, TALUK CHIPLUN, DIST. RATNAGIRI, ALORE, MAHARASHTRA - 415603, INDIA	A36200368
48	10097165	31/03/2008	20,010,567.00	THE EXECUTIVE ENGINEER	KOYNA CONSTRUCTION DIV. NO.2, ALORE, TALUK CHIPLUN, DIST. RATNAGIRI, ALORE, MAHARASHTRA - 415603, INDIA	A36179984
49	10051422	23/03/2007	500,000,000.00	INDUSTRIAL DEVELOPMENT BANK OF INDIA LIMITED	IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	A15201395
50	10012325	21/02/2013 *	41,950,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B68847631

* Date of charge modification

FIXED ASSETS:

• Land
• Building
• Factory building
• Machinery
• Motor car
• Motor truck
• Ship
• Furniture
• Office equipment
• Computer/Software
• Electric equipment
• Motor cycle
• Rails and Trolly

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

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

2] Court Declaration :

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

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.80
UK Pound	1	Rs.102.42
Euro	1	Rs.81.32

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	DIV
Report Prepared by :	NTH

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	7
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		49

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.