MIRA INFORM REPORT

Report Date :

27.06.2014

IDENTIFICATION DETAILS

Name :	L&T METRO RAIL (HYDERABAD) LIMITED (w.e.f. 11.11.2010)
Formerly Known As :	L&T METRO RAIL (HYDERABAD) PRIVATE LIMITED (w.e.f. 4.11.2010) L&T HYDERABAD METRO RAIL PRIVATE LIMITED
Registered Office :	4^th Floor, Cyber Towers, HITEC City, Madhapur, Hyderabad – 500081, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	24.08.2010
Com. Reg. No.:	070121
Capital Investment / Paid-up Capital :	Rs. 11553.976
CIN No.: [Company Identification No.]	U45300AP2010PLC070121
TAN No.: [Tax Deduction & Collection Account No.]	HYDL02421G
PAN No.: [Permanent Account No.]	AABCL8521D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Company is Engaged in the Business of Infrastructure Development and Maintenance
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (37)

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

Maximum Credit Limit :	USD 21000000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Even though the company incorporated during 2010 the company is yet to commence with its operations. However, the capital base of the company is strong. Payment terms are unknown in view of experienced promoters, the company can be considered for business dealings with slight cautions.

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.

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION DENIED

Management Non – Cooperative (91-40-67295562)

LOCATIONS

Registered Office :	4^th Floor, Cyber Towers, HITEC City, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Tel. No.:	91-40-67295562
Fax No.:	91-40-23123015
E-Mail :	cvn@tmetro.com indu.j@ltmetro.com ashish.malhotra@ltmetro.com

DIRECTORS

As on 19.05.2014

Name :

Yeshwant Moreshwar Deosthalee

Designation :

Director

Address :

101, Prabhu Kutir, 15, Altamount Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

06.09.1948

Date of Appointment :

01.11.2010

DIN No.:

00001698

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	U65990MH1994PLC083147	L & T FINANCE LIMITED	DIRECTOR	22-11-94	22-11-94	-	ACTIVE	NO
2	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	WHOLE-TIME DIRECTOR	03-03-10	03-03-95	06-09-11	ACTIVE	NO
3	U72900MH1996PLC104693	LARSEN & TOUBRO INFOTECH LIMITED	DIRECTOR	23-12-96	23-12-96	07-05-13	ACTIVE	NO
4	U45205OR1998PLC005448	THE DHAMRA PORT COMPANY LIMITED	DIRECTOR	12-05-99	12-05-99	-	ACTIVE	NO
5	L26940MH2000PLC128420	ULTRATECH CEMENT LIMITED	DIRECTOR	24-08-00	24-08-00	15-06-09	ACTIVE	NO
6	U67190MH2000PLC125653	L & T CAPITAL COMPANY LIMITED	DIRECTOR	29-09-00	29-09-00	28-04-10	ACTIVE	NO
7	U65993TN2001PLC046691	L&T INFRASTRUCTURE DEVELOPMENT PROJECTS LIMITED	DIRECTOR	14-07-01	14-07-01	-	ACTIVE	NO
8	U67190TN2006PLC059527	L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	DIRECTOR	18-04-06	18-04-06	-	ACTIVE	NO
9	U40101MH2007PLC174071	L&T POWER DEVELOPMENT LIMITED	DIRECTOR	12-09-07	12-09-07	11-11-10	ACTIVE	NO
10	U31501MH2007PLC176667	L&T ELECTRICALS AND AUTOMATION LIMITED	DIRECTOR	12-12-07	12-12-07	05-01-10	ACTIVE	NO
11	U66030MH2007PLC177117	L&T GENERAL INSURANCE COMPANY LIMITED	DIRECTOR	27-12-07	27-12-07	-	ACTIVE	NO
12	L67120MH2008PLC181833	L&T FINANCE HOLDINGS LIMITED	MANAGING DIRECTOR	01-12-12	01-05-08	-	ACTIVE	NO
13	U65993MH1996PLC211198	L&T MUTUAL FUND TRUSTEE LIMITED	DIRECTOR	16-08-10	22-03-10	-	ACTIVE	NO
14	U45300AP2010PLC070121	L&T METRO RAIL (HYDERABAD) LIMITED	DIRECTOR	04-08-11	01-11-10	-	ACTIVE	NO
15	U67190MH2011PTC218046	L&T INFRA INVESTMENT PARTNERS ADVISORY PRIVATE LIMITED	DIRECTOR	30-05-11	30-05-11	-	ACTIVE	NO
16	U92199MH2004PTC146994	YOG ENTERTAINMENT PRIVATE LIMITED	DIRECTOR	02-11-12	02-11-12	-	ACTIVE	NO
17	U67100MH2013PLC241104	L&T INFRA DEBT FUND LIMITED	DIRECTOR	19-03-13	19-03-13	-	ACTIVE	NO

Name :

Suresh Narsappa Talwar

Designation :

Director

Address :

10, Shiv Shanti Bhuvan, 146, Maharshi Karve Road, Churchgate, Reclamation, Mumbai - 400020, Maharashtra, India

Date of Birth/Age :

21.11.1937

Date of Appointment :

11.02.2011

DIN No.:

 00001456

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	U23200MH1980PTC022646	MOLY COLLOIDS PVT LTD	DIRECTOR	16-05-80	16-05-80	12-07-07	ACTIVE	NO
2	U15430MH1948PLC006457	MONDELEZ INDIA FOODS LIMITED	DIRECTOR	02-03-81	02-03-81	31-03-11	ACTIVE	NO
3	U29196MH1981PTC024115	EMERSON PROCESS MANAGEMENT (INDIA) PRIVATE LIMITED	DIRECTOR	25-03-81	25-03-81	22-12-11	ACTIVE	NO
4	L29224TN1954PLC000318	CARBORUNDUM UNIVERSAL LIMITED	DIRECTOR	08-06-83	08-06-83	24-07-08	ACTIVE	NO
5	L99999MH1967PLC013726	MERCK LIMITED	DIRECTOR	17-01-84	17-01-84	-	ACTIVE	NO
6	U92110MH1944PTC004242	TWENTIETH CENTURY FOX CORPORATION (INDIA) PRIVATE LIMITED	DIRECTOR	06-02-85	06-02-85	-	STRIKE OFF	NO
7	L28920MH1949PLC006870	BLUE STAR LIMITED	DIRECTOR	17-06-86	17-06-86	22-07-13	ACTIVE	NO
8	L99999MH1982PLC026903	SHRENUJ AND COMPANY LIMITED	DIRECTOR	30-12-88	30-12-88	-	ACTIVE	NO
9	U32104KL1981PLC003348	FCI OEN CONNECTORS LIMITED	ALTERNATE DIRECTOR	27-03-14	20-02-89	-	ACTIVE	NO
10	U29299PN1960PTC011751	SANDVIK ASIA PRIVATE LIMITED	DIRECTOR	29-03-89	29-03-89	-	ACTIVE	NO
11	U63070MH1991PTC060790	S&M AGENCIES PRIVATE LIMITED CN	DIRECTOR	22-03-91	22-03-91	-	UNDER LIQUIDATION	NO
12	U65920MH1995PTC092440	ROMIL FINANCE AND INVESTMENT PRIVATE LIMITED	DIRECTOR	23-03-96	23-03-96	-	DISSOLVED	NO
13	U65993MH1996PTC102162	DECAGON INVESTMENTS PRIVATE LIMITED	DIRECTOR	14-10-96	14-10-96	-	ACTIVE	NO
14	U65923MH1996PTC104084	SIDHAM FINANCE & INVESTMENTS PRIVATE LIMITED	DIRECTOR	22-03-97	22-03-97	-	ACTIVE	NO
15	U67120MH1998FTC113138	SCHENECTADY (INDIA) HOLDINGS PRIVATE LIMITED	ALTERNATE DIRECTOR	31-07-98	31-07-98	23-01-09	AMALGAMATED	NO
16	L65920MH1994PLC080220	TRANSWARRANTY FINANCE LIMITED	ALTERNATE DIRECTOR	27-12-99	27-12-99	-	ACTIVE	NO
17	L72200MH1997PLC110459	BLUE STAR INFOTECH LIMITED	DIRECTOR	21-01-00	21-01-00	-	ACTIVE	NO
18	U65991MH2000PTC126846	INDIA VALUE FUND TRUSTEE COMPANY PRIVATE LIMITED	DIRECTOR	18-11-09	17-07-00	-	ACTIVE	NO
19	U74140KA2000PTC027640	SWISS RE SHARED SERVICES (INDIA) PRIVATE LIMITED	DIRECTOR	18-08-00	18-08-00	-	ACTIVE	NO
20	U22990MH1998PTC115305	MORGAN STANLEY INDIA COMPANY PRIVATE LIMITED	DIRECTOR	21-06-01	21-06-01	27-10-08	ACTIVE	NO
21	U28920MH1999PTC119104	ARMSTRONG WORLD INDUSTRIES (INDIA) PRIVATE LIMITED	DIRECTOR	11-07-01	11-07-01	-	ACTIVE	NO
22	U99999MH2000PLC128110	BIRLA SUN LIFE INSURANCE COMPANY LIMITED	DIRECTOR	11-09-01	11-09-01	02-07-13	ACTIVE	NO
23	L24200MH2000PLC123813	SOLVAY PHARMA INDIA LIMITED	DIRECTOR	16-10-01	16-10-01	-	AMALGAMATED	NO
24	U74300MH1987PTC044227	REDIFFUSION DENTSU YOUNG AND RUBICAM PRIVATE LIMITED	DIRECTOR	06-12-01	06-12-01	-	ACTIVE	NO
25	U99999MH1963PLC012674	SI GROUP - INDIA LIMITED.	ALTERNATE DIRECTOR	22-01-08	01-01-02	22-01-09	ACTIVE	NO
26	U24240MH1995PTC086243	PZ CUSSONS INDIA PRIVATE LIMITED	ALTERNATE DIRECTOR	25-05-13	07-05-02	-	ACTIVE	NO
27	L72200MH1994PLC082110	SONATA SOFTWARE LIMITED	DIRECTOR	30-10-02	30-10-02	-	ACTIVE	NO
28	U67200MH2002PTC137954	AON GLOBAL INSURANCE BROKERS PRIVATE LIMITED.	DIRECTOR	24-02-03	24-02-03	11-10-10	ACTIVE	NO
29	U66030TN2001PLC047977	CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED	DIRECTOR	14-04-03	14-04-03	20-03-08	ACTIVE	NO
30	L24234KA1978PLC003417	BIOCON LIMITED	DIRECTOR	17-05-03	17-05-03	-	ACTIVE	NO
31	U92110MH2003PTC142309	SHOWDIFF WORLDWIDE PRIVATE LIMITED	DIRECTOR	21-01-04	21-01-04	22-02-10	ACTIVE	NO
32	L24222PN1956PLC134746	ELANTAS BECK INDIA LIMITED	DIRECTOR	01-06-09	05-07-04	-	ACTIVE	NO
33	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	DIRECTOR	06-07-04	06-07-04	-	ACTIVE	NO
34	L85190MH1947PLC005963	WYETH LIMITED	DIRECTOR APPOINTED IN CASUAL VACANCY	20-03-09	15-09-04	26-10-09	ACTIVE	NO
35	L99999MH1922PLC000987	GREAVES COTTON LIMITED	DIRECTOR	01-10-04	01-10-04	30-07-13	ACTIVE	NO
36	L25209MH1976PLC018939	GARWARE WALL ROPES LIMITED	ALTERNATE DIRECTOR	02-12-11	04-12-04	27-10-12	ACTIVE	NO
37	U74200MH1977PTC020041	UHDE INDIA PRIVATE LIMITED	ALTERNATE DIRECTOR	06-06-14	05-12-04	-	ACTIVE	NO
38	U92110MH2003PTC141168	WARNER BROS PICTURES (INDIA) PRIVATE LIMITED	DIRECTOR	20-01-05	20-01-05	-	ACTIVE	NO
39	L24110MH1965PLC013331	RHODIA SPECIALTY CHEMICALS INDIA LIMITED	DIRECTOR	23-08-13	14-02-05	-	ACTIVE	NO
40	U72200MH2005PTC153209	EPITOME GLOBAL SERVICES PRIVATE LIMITED	DIRECTOR	11-05-05	11-05-05	-	ACTIVE	NO
41	U24222MH2005PTC215180	SNOWCEM PAINTS PRIVATE LIMITED	DIRECTOR	12-09-05	12-09-05	-	ACTIVE	NO
42	U67110MH2005PTC157770	PHILLIP (INDIA) PRIVATE LIMITED	DIRECTOR	01-02-06	01-02-06	-	ACTIVE	NO
43	U74899MH1994PTC166755	BIRLA SUN LIFE TRUSTEE COMPANY PRIVATE LIMITED	DIRECTOR	22-02-06	22-02-06	-	ACTIVE	NO
44	U63031GA1965PTC000041	CHOWGULE AND COMPANY PRIVATE LIMITED.	DIRECTOR	23-02-06	23-02-06	-	ACTIVE	NO
45	L65990MH1993PLC074306	VAARAD VENTURES LIMITED	ALTERNATE DIRECTOR	19-05-09	31-03-06	29-07-09	ACTIVE	NO
46	U65999MH1953PTC009189	JOHN FOWLER (INDIA) PRIVATE LIMITED	DIRECTOR	26-07-06	26-07-06	28-10-13	ACTIVE	NO
47	U74140KA2006PTC040274	IVF TRUSTEE COMPANY PRIVATE LIMITED	DIRECTOR	18-09-06	18-09-06	-	ACTIVE	NO
48	U33110MH1957PLC010928	JOHNSON AND JOHNSON LIMITED	ALTERNATE DIRECTOR	06-12-13	03-10-06	-	ACTIVE	NO
49	L29299TN1987PLC058738	ESAB INDIA LIMITED	DIRECTOR	22-04-09	27-10-06	-	ACTIVE	NO
50	U34101KA1996PTC020195	MAHINDRA REVA ELECTRIC VEHICLES PRIVATE LIMITED	DIRECTOR	02-12-06	02-12-06	29-07-10	ACTIVE	NO
51	U74140MH1999PTC122493	INGA CAPITAL PRIVATE LIMITED	DIRECTOR	27-09-07	12-02-07	01-10-09	ACTIVE	NO
52	U70100TN2007PLC062429	RAKINDO KOVAI TOWNSHIP LIMITED	ADDITIONAL DIRECTOR	01-04-07	01-04-07	19-02-08	ACTIVE	NO
53	U85199KA2002PTC030218	VIDAL HEALTH TPA PRIVATE LIMITED	DIRECTOR	03-04-07	03-04-07	-	ACTIVE	NO
54	U85110KA2004PTC034819	SWISS RE HEALTHCARE SERVICES PRIVATE LIMITED	DIRECTOR	03-04-07	03-04-07	-	AMALGAMATED	NO
55	U74999PN2007PTC137041	WAVE SUSPENSION SYSTEMS INDIA PRIVATE LIMITED	DIRECTOR	29-09-08	25-05-07	28-01-11	ACTIVE	NO
56	U24299HR1962PLC007739	HINDUSTAN GUM AND CHEMICALS LIMITED	ALTERNATE DIRECTOR	21-11-08	13-06-07	03-10-11	ACTIVE	NO
57	U65993MH2005PTC155362	INDIA DEBT MANAGEMENT PRIVATE LIMITED	DIRECTOR	17-06-08	24-03-08	17-06-09	ACTIVE	NO
58	U65990MH1996PTC100190	MORGAN STANLEY INDIA CAPITAL PRIVATE LIMITED	DIRECTOR	31-08-09	10-12-08	-	ACTIVE	NO
59	U35112MH1994PLC081331	SAMSON MARITIME LIMITED	DIRECTOR	25-06-10	01-12-09	-	ACTIVE	NO
60	U45203PN2007PTC130582	CHOWGULE PORTS & INFRASTRUCTURE PRIVATE LIMITED	DIRECTOR	08-07-11	26-07-10	-	ACTIVE	NO
61	U45300AP2010PLC070121	L&T METRO RAIL (HYDERABAD) LIMITED	DIRECTOR	04-08-11	11-02-11	-	ACTIVE	NO
62	L17120MH1990PLC058361	S KUMARS NATIONWIDE LIMITED	ADDITIONAL DIRECTOR	01-04-11	01-04-11	26-11-12	ACTIVE	NO
63	L99999MH1986PLC041612	SUNSHIELD CHEMICALS LIMITED	DIRECTOR	23-08-13	27-12-12	-	ACTIVE	NO
64	U65999MH1996PTC195393	PHILLIP FINANCE & INVESTMENT SERVICES INDIA PRIVATE LIMITED	DIRECTOR	31-07-13	31-07-13	-	ACTIVE	NO

Name :

Vivek Bhaskar Gadgil

Designation :

Director

Address :

EF2 Casa XS, Manapakkam Road, Manapakkam, Chennai – 600116, Tamilnadu, India

Date of Birth/Age :

08.05.1948

Date of Appointment :

01.09.2013

DIN No.:

00240803

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	U51900MH2000PTC126692	PENINSULA CROSSROADS PRIVATE LIMITED	NOMINEE DIRECTOR	05-09-05	05-09-05	22-03-11	ACTIVE	NO
2	U45300AP2010PLC070121	L&T METRO RAIL (HYDERABAD) LIMITED	MANAGING DIRECTOR	01-09-13	01-09-10	-	ACTIVE	NO
3	U72200TG1997PLC026885	L & T INFOCITY LIMITED	DIRECTOR	27-06-11	15-09-10	-	ACTIVE	NO
4	U52520TG2001PLC037105	HYDERABAD INTERNATIONAL TRADE EXPOSITIONS LIMITED	DIRECTOR	24-09-12	24-04-12	-	ACTIVE	NO

Name :

Krishnamurthy Venkatesh

Designation :

Director

Address :

ECC Apartments, 36-C B.N.Reddy Road , T. Nagar, Chennai – 600017, Tamilnadu, India

Date of Birth/Age :

30.01.1957

Date of Appointment :

24.08.2010

DIN No.:

00240086

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200TG1997PLC026885	L & T INFOCITY LIMITED	Director	16-11-01	16-11-01	21-11-11	Active	NO
2	U45201TN1997PLC038175	NARMADA INFRASTRUCTURE CONSTRUCTION ENTERPRISE LIMITED	Director	31-01-02	31-01-02	15-03-07	Amalgamated	NO
3	U45203TN1999PLC042518	L&T WESTERN INDIA TOLLBRIDGE LIMITED	Director	25-09-02	25-09-02	15-03-07	Active	NO
4	U45203TN1997PLC039102	L & T TRANSPORTATION INFRASTRUCTURE LIMITED	Director	25-09-02	25-09-02	27-03-07	Active	NO
5	U45201WB2001PTC109652	SECOND VIVEKANANDA BRIDGE TOLLWAY COMPANY PRIVATE LIMITED	Director	25-02-03	25-02-03	27-10-09	Active	NO
6	U24239TG1998PLC030697	KAKINADA SEAPORTS LIMITED	Director	05-02-04	05-02-04	08-08-08	Active	NO
7	U67120MH2004PLC149297	PATALIPUTRA HIGHWAY LIMITED	Director	26-04-06	23-04-05	30-05-08	Active	NO
8	U45209TN2005PLC057133	LULU TECH PARK LIMITED	Director	08-08-05	08-08-05	19-12-07	Active	NO
9	U45203TN2005PLC056999	L & T PANIPAT ELEVATED CORRIDOR LIMITED	Director	24-03-08	20-09-05	-	Active	NO
10	U45203TN2005PLC057931	L & T WESTERN ANDHRA TOLLWAYS LIMITED	Additional director	22-08-11	02-11-05	05-07-12	Active	NO
11	U45203TN2005PLC057930	L & T KRISHNAGIRI THOPUR TOLL ROAD LIMITED	Director appointed in casual vacancy	18-03-08	02-11-05	31-05-08	Active	NO
12	U45203TN2005PLC058417	L & T VADODARA BHARUCH TOLLWAY LIMITED	Director	23-12-05	23-12-05	15-03-07	Active	NO
13	U45203TN2006PLC058735	L& T INTERSTATE ROAD CORRIDOR LIMITED	Director	02-02-06	02-02-06	15-03-07	Active	NO
14	U24233TG2003PTC041279	PHOENIX INFOCITY PRIVATE LIMITED	Director	29-09-06	13-02-06	30-03-10	Active	NO
15	U45202KA2002PLC030180	CYBER PARK DEVELOPMENT & CONSTRUCTION LIMITED	Director	28-02-06	28-02-06	18-12-07	Active	NO
16	U45203TN2006PLC059133	L & T URBAN INFRASTRUCTURE LIMITED	Director	08-03-06	08-03-06	11-02-12	Amalgamated	NO
17	U52520TG2001PLC037105	HYDERABAD INTERNATIONAL TRADE EXPOSITIONS LIMITED	Nominee director	17-07-06	23-03-06	21-12-11	Active	NO
18	U67190TN2006PLC059527	L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	Director	18-04-06	18-04-06	13-08-10	Active	NO
19	U40101MH2007PLC174071	L&T POWER DEVELOPMENT LIMITED	Director	12-09-07	12-09-07	11-11-10	Active	NO
20	U70102MH2007PTC176291	L&T INFRA AND PROPERTY DEVELOPMENT PRIVATE LIMITED	Director	29-11-07	29-11-07	25-03-08	Strike off	NO
21	U74200MH2007PLC176358	L&T REALTY LIMITED	Director	30-11-07	30-11-07	25-03-08	Active	NO
22	U70101CH2006PTC029576	CSJ INFRASTRUCTURE PRIVATE LIMITED.	Director	26-05-08	10-12-07	29-03-12	Active	NO
23	U45309TN2008PLC066938	L&T CHENNAI-TADA TOLLWAY LIMITED	Director	24-03-08	24-03-08	06-08-12	Active	NO
24	U74900TN2007PLC065356	L&T SHIPBUILDING LIMITED	Director	10-06-08	25-03-08	-	Active	NO
25	U45203MH2008PTC178526	L&T TRANSCO PRIVATE LIMITED	Director	20-06-08	26-03-08	-	Active	NO
26	U45205TN2004PLC069094	INTERNATIONAL SEAPORT DREDGING LIMITED	Director	23-09-08	31-05-08	-	Active	NO
27	U40102HP2010PLC031697	L&T HIMACHAL HYDROPOWER LIMITED	Director	22-06-10	22-06-10	24-03-11	Active	NO
28	U40300MH2010PLC204778	L&T ARUNACHAL HYDROPOWER LIMITED	Director	24-06-10	24-06-10	24-03-11	Active	NO
29	U45300AP2010PLC070121	L&T METRO RAIL (HYDERABAD) LIMITED	Director	24-08-10	24-08-10	-	Active	NO
30	U45203TN2011PLC080786	L&T BPP TOLLWAY LIMITED	Director	25-05-11	25-05-11	-	Active	NO
31	U65993TN2001PLC046691	L&T INFRASTRUCTURE DEVELOPMENT PROJECTS LIMITED	Managing director	13-07-11	13-07-11	-	Active	NO
32	U45205OR1998PLC005448	THE DHAMRA PORT COMPANY LIMITED	Director appointed in casual vacancy	29-08-11	29-08-11	-	Active	NO
33	U74899DL1990PTC040630	Feedback Infra Private Limited	Nominee director	17-04-12	17-04-12	-	Active	NO
34	U40106DL2012GOI245339	KUDGI TRANSMISSION LIMITED	Additional director	30-08-13	30-08-13	-	Active	NO

Name :

Sheela Bhide

Designation :

Independent Director

Address :

C-II/107 Satya Marg, Chanakya Puri, New Delhi – 110002, India

Date of Birth/Age :

12.06.1948

Date of Appointment :

11.02.2011

DIN No.:

01843547

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	U74899DL1976NPL008453	INDIA TRADE PROMOTION ORGANISATION	MANAGING DIRECTOR	30-07-07	30-07-07	30-06-09	ACTIVE	NO
2	U91120TN2000NPL046140	TAMILNADU TRADE PROMOTION ORGANISATION	NOMINEE DIRECTOR	05-09-07	05-09-07	26-10-09	ACTIVE	NO
3	L23109WB1973GOI028844	COAL INDIA LTD GOVT OF INDIA UNDERTAKING	DIRECTOR	18-09-12	04-08-10	04-08-13	ACTIVE	NO
4	U10102MP1985GOI003160	NORTHERN COALFIELDS LIMITED	DIRECTOR	27-09-10	27-09-10	03-08-13	ACTIVE	NO
5	U65923TN2008PTC069807	SURYODAY MICRO FINANCE PRIVATE LIMITED	DIRECTOR	29-09-11	11-10-10	-	ACTIVE	NO
6	U45300AP2010PLC070121	L&T METRO RAIL (HYDERABAD) LIMITED	DIRECTOR	04-08-11	11-02-11	-	ACTIVE	NO
7	U62200TG2007PTC056311	GATI-KINTETSU EXPRESS PRIVATE LIMITED	DIRECTOR	30-11-12	27-06-12	-	ACTIVE	NO
8	U27109AP1982GOI003404	RASHTRIYA ISPAT NIGAM LTD	DIRECTOR	24-02-14	24-02-14	-	ACTIVE	NO

Name :

Ajit Rangnekar Pandurang

Designation :

Independent Director

Address :

Plot No 35, Prasashan Nagar, Road No. 72, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

21.01.1947

Date of Appointment :

11.02.2011

DIN No.:

01676516

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	U72200MH2004PTC146704	IN-SOLUTIONS GLOBAL PRIVATE LIMITED	DIRECTOR	23-07-05	23-07-05	10-01-09	ACTIVE	NO
2	U67110DL2007PTC163572	AB CAPITAL ADVISERS PRIVATE LIMITED	DIRECTOR	16-08-07	16-08-07	10-01-09	ACTIVE	NO
3	U45200TG1997PLC028322	TOTEM INFRASTRUCTURE LIMITED	ADDITIONAL DIRECTOR	27-12-07	27-12-07	10-01-09	ACTIVE	NO
4	U66020MH2006PLC165039	AXIS PRIVATE EQUITY LIMITED	ADDITIONAL DIRECTOR	25-10-08	25-10-08	10-01-09	ACTIVE	NO
5	U45300AP2010PLC070121	L&T METRO RAIL (HYDERABAD) LIMITED	DIRECTOR	04-08-11	11-02-11	-	ACTIVE	NO

Name :

Nallamilli Venkat Satyanarayana Reddy

Designation :

Nomiee Director

Address :

503, Padmaja Complex, West Maredpaily, Secunderabad – 500003, Andhra Pradesh, India

Date of Birth/Age :

05.06.1956

Date of Appointment :

31.03.2012

DIN No.:

01414254

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	U45203TG2007SGC053998	HYDERABAD METRO RAIL LIMITED	MANAGING DIRECTOR	02-06-07	14-05-07	-	ACTIVE	NO
2	U34101DL1993PLC053032	URBAN MASS TRANSIT COMPANY LIMITED	DIRECTOR	01-07-09	25-08-08	-	ACTIVE	NO
3	U45300AP2010PLC070121	L&T METRO RAIL (HYDERABAD) LIMITED	NOMINEE DIRECTOR	31-03-12	31-03-12	-	ACTIVE	NO
4	U85100TG2012NPL080040	HYDERABAD BICYCLING CLUB	DIRECTOR	23-09-13	02-06-12	-	ACTIVE	NO

KEY EXECUTIVES

Name :	Mr. Ashish Malhotra
Designation :	Company Secretary
Address :	L&T Mtero Rail (Hyderabad) Limited, 4^th Floor, Cyber Towers, Hitech City, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Date of Birth/Age :	19.06.1979
Date of Appointment :	11.02.2011

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 19.05.2014

Names of Shareholders	No. of Shares
Larsen and Toubro Limited – India	11553980
L&T Infrastructure Development Projects Limited – India	1143843620
Krishnamurthy Venkatesh & L&T Infrastructure Developmnet Projects Limited – India	1
Venkatesan Subramanya Thiruvarur & L&T Infrastructure Developmnet Projects Limited – India	1
K.M.Manoj & L&T Infrastructure Developmnet Projects Limited – India	1
Chandrasekaran Ramanathan & L&T Infrastructure Developmnet Projects Limited – India	1
Pullela Ravi Shankar & L&T Infrastructure Developmnet Projects Limited – India	1
Government of Andhra Pradesh Secretariat. – India	1
Total	1155397606

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies Corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Company is Engaged in the Business of Infrastructure Development and Maintenance

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Not available

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWINGS
Terms loans from banks	12366.700	0.000
Total	12366.700	0.000

Banking Relations :	---
Financial Institute :	SBICAP TRUSTEE COMPANY LIMITED, 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India
Auditors :
Name :	M.K. Dandeker and Company Chartered Accountant
Address :	No: 244 (Old No: 138), II Floor, Angappa Naicken Street, George Town, Chennai – 600001, India
PAN No.:	AAFM0865H
Fellow Subsidiary Companies :	L & T INFOCITY LIMITED CIN : U72200AP1997PLC026885 L & T URBAN INFRASTRUCTURE LIMITED CIN : U45203TN2006PLC059133 L&T - GULF PRIVATE LIMITED CIN : U74140MH2008PTC177765 HYDERABAD INTERNATIONAL TRADE EXPOSITIONS LIMITED CIN : U52520AP2001PLC037105 N A RMA D A INFRASTRUCTURE CONSTRUCTION ENTERPRISE LIMITED CIN : U45201TN1997PLC038175
Associate Company :	L&T-RAMBOLL CONSULTING ENGINEERS LIMITED CIN : U74140TN1998PLC039864
Holding Companies :	L&T INFRASTRUCTURE DEVELOPMENT PROJECTS LIMITED CIN : U65993TN2001PLC046691 LARSEN AND TOUBRO LIMITED CIN : L99999MH1946PLC004768

CAPITAL STRUCTURE

As on : 19.05.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2439000000	Equity Shares	Rs.10/- each	Rs. 24390.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1155397606	Equity Shares	Rs.10/- each	Rs. 11553.996 Millions

As on : 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
2439000000	Equity Shares	Rs.10/- each	Rs. 24390.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
529999606	Equity Shares	Rs.10/- each	Rs. 5299.969 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	5299.996	4369.996	3439.996
(b) Reserves & Surplus	2.635	(10.229)	(14.015)
(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)	5302.631	4359.767	3425.981
(3) Non-Current Liabilities
(a) long-term borrowings	12366.700	0.000	0.000
(b) Deferred tax liabilities (Net)	8.991	3.624	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	12375.691	3.624	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	977.123	74.920	0.000
(c) Other current liabilities	195.909	55.361	130.870
(d) Short-term provisions	12.158	3.240	1.120
Total Current Liabilities (4)	1185.190	133.521	131.990
TOTAL	18863.512	4496.912	3557.971
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	61.415	62.404	41.609
(ii) Intangible Assets	2.851	3.845	1.959
(iii) Capital work-in-progress	20.919	0.000	0.000
(iv) Intangible assets under development	12197.327	2581.986	387.582
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	6.392	6.392	6.392
(d) Long-term Loan and Advances	6110.536	1705.145	3018.498
(e) Other Non-current assets	21.529	0.000	0.000
Total Non-Current Assets	18420.969	4359.772	3456.040
(2) Current assets
(a) Current investments	70.055	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	284.825	74.309	101.785
(e) Short-term loans and advances	87.663	62.831	0.146
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	442.543	137.140	101.931
TOTAL	18863.512	4496.912	3557.971

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	0.000	0.000	0.000
		Other Income	16.031	4.616	0.404
		TOTAL (A)	16.031	4.616	0.404
Less	EXPENSES
		Other Expenses	2.879	0.654	20.688
		TOTAL (B)	2.879	0.654	20.688
	PROFIT BEFORE TAX (E-F) (G)		13.152	3.962	(20.284)
Less	TAX (H)		0.289	0.176	(6.268)
	PROFIT AFTER TAX (G-H) (I)		12.863	3.786	(14.016)
	Earnings Per Share (Rs.)		0.03	0.01	NA

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	80.24	82.02	(3469.31)
Return on Total Assets (PBT/Total Assets}	(%)	0.20	0.21	(0.64)
Return on Investment (ROI) (PBT/Networth)		0.00	0.00	(0.01)
Debt Equity Ratio (Total Debt /Networth)		2.33	0.00	0.00
Current Ratio (Current Asset/Current Liability)		0.37	1.03	0.77

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	3439.996	4369.996	5299.996
Reserves & Surplus	(14.015)	(10.229)	2.635
Net worth	3425.981	4359.767	5302.631
long-term borrowings	0.000	0.000	12366.700
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	12366.700
Debt/Equity ratio	0.000	0.000	2.332

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)
Total Income	0.404	4.616	16.031
		1,042.574	247.292

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	0.404	4.616	16.031
Profit	(14.016)	3.786	12.863
	(3469.31)%	82.02%	80.24%

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	No
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10292542	18/06/2012 *	119,620,000,000.00	SBICAP TRUSTEE COMPANY LIMITED	202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA	B42143636

* Date of charge modification

PRESS RELEASE

L&T makes Rs 171000.000 Millions equity commitment to infrastructure projects

CHENNAI, AUG 21:  

L&T has made an equity commitment of Rs 171000.000 Millions to the infrastructure projects announced by its group companies. The total value of these projects stands at Rs 844000.000 Millions

A recent report of Edelweiss Securities estimated “equity commitments pending to be invested” at Rs 108000.000 Millions.

These investments will be made by L&T Infrastructure Development Ltd, L&T Power Development Ltd and L&T Metro. The report also said that Rs 20000.000 Millions of these investments would be made in the current year.

CRISIL RATING

Giving L&T a “stable” outlook, Crisil, in rating the various debt instruments of L&T, has lauded the company for its capabilities.

“These strong competencies across segments and sectors, along with a sound track record of completing projects as per specifications, have resulted in a very strong brand image for L&T in India and abroad,” Crisil had said in a statement issued last week.

ORDER BOOK

The rating agency also noted that L&T had an order book of Rs 1531000.000 Millions as at the end of last quarter.

It observed that the even division of orders between government/PSUs (32 per cent), private sector 51 per cent and L&T’s captive (17 per cent) “mitigates risks related to sector concentration’’.

L&T’s fiinancial flexibility stems from large cash and cash equivalents of Rs 10660.000 Millions and surplus current investments of Rs 58600.000 Millions crore as on June 30, 2012, and its demonstrated ability to raise funds at competitive rates, says Crisil.

FIRST QUARTER PERFORMANCE

For the first quarter of the current year, L&T reported revenues of Rs 119560.000 Millions and a net profit of Rs 9000.000 Millions.

In this, the company was aided by more-than-doubling of “other income’’ to Rs 6050.000 crore. Dividends from subsidiary, notably L&T Infotech (Rs 2900.000 Millions), made up most of the “other income’’.

L&T seeks Rs 2000.000 Millions fee waiver for metro

HYDERABAD:

Infrastructure giant and metro developer L&T plans to exploit 18.500 million square feet of built-up area without paying the necessary fees to GHMC. L&T is allowed to commercially exploit land at metro rail depots, stations and along the rail corridor, but it is seeking waiver of nearly Rs 2000.000 Millions on charges such as building fees, betterment charges and impact fees from the state government. The construction giant has also sought advertisement fee waiver for billboards to be erected at depots and stations.

Counting on the waiver to come, the L&T, which has already started construction of cellars for its multiplexes and malls at Punjagutta and Erramanzil, has not even paid the impact fee to the civic body despite the latter sending notices in June last year. GHMC officials said that L&T Metro Rail Ltd had sought permission for construction of basements 1 & 2 and the lower ground floors of commercial buildings at the two places a few months ago.

After the GHMC building committee met in April 2013, the officials sent a letter to L&T in June asking for payment of Rs 4.822 Millions and Rs 6.800 Millions respectively for the two sites. As L&T had proposed to construct only cellars and basements, the corporation had asked them to pay only the impact fees to get permission. The developer was also asked to submit documents like no objection certificates, a set of 'in' and 'out' ramps for the car parking area, letter surrendering the affected land of about 347 square metres in road widening as well as the change of name of the lower ground floor to the basement floor.

Metro Railway Jobs

Search for Metro Railway Job postings - Find your new job today. Indeed™

www.indeed.co.in/Metro-Railway

Submit Resume Now

Immediate Requirement. Sign up to Apply & Find Jobs

www.monsterindia.com

"As the metro rail works are progressing, L&T sought orders on waiver of fee and charges at the 13th Special Task Force meeting on metro rail project held last week," a GHMC official said.

However, officials said there is no agreement on such an exemption. As per the concessionaire agreement entered into by the Hyderabad Metro Rail Limited (HMRL) with the firm, L&T could commercially exploit about 18.500 million sqft built-up area, including 12.500 million sqft at terminal locations and six million sqft at adjoining metro stations. L&T wants to develop office spaces, malls, multiplexes, hospitals, retail, health care, convention centres, theme parks, entertainment zones and convenience retail outlets at these locations.

"There is no mention of exemption of municipal fees and charges in the concessionaire agreement. Even if the state government wants to give tax waiver and building permission fee, the exemption should not be given for city-level impact fee as the proposed development by L&T will have a great impact on the city's infrastructure," a senior city planner said.

L&T is also seeking waiver of advertisement tax from the corporation for erecting boards and leasing them out to private parties. Billboards would be erected on 18 portals, 2,700 piers of metro rail, 64 metro rail stations and all along the 72-km metro viaduct.

When contacted, GHMC chief city planner GV Raghu said L&T has sought permission for cellars and they have asked them to pay the impact fee. The decision on exemption has to be taken by the municipal administration and urban development (MA&UD) department, he said.

V B Gadgil, L&T Metro Rail (Hyderabad) Ltd chief executive and managing director, said they have requested the state government to waive various taxes. "We have sought certain clarifications from the government on tax exemptions, including property tax, as the property ownership is with the state government. Similarly, development will take place as part of the transit orient development (TOD), which is again one of the components of the metro rail project," Gadgil told TOI.

FIXED ASSETS

· Furniture and fixtures

· Vehicles

· Computer equipments

· Other equipments

· Land

· Office equipment

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.60.28
UK Pound	1	Rs.102.28
Euro	1	Rs.82.05

INFORMATION DETAILS

Information Gathered by :	PLK
Analysis Done by :	DIV
Report Prepared by :	SBN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		37

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.