MIRA INFORM REPORT

Report No. :	345271
Report Date :	16.10.2015

IDENTIFICATION DETAILS

Name :	BSCPL INFRASTRUCTURE LIMITED (w.e.f.14.07.2008)
Formerly Known As :	B. SEENAIAH AND COMPANY (PROJECTS) LIMITED
Registered Office :	M. No. 8-2-502/1/A, Jivi Towers,  Road No.7, Banjara Hills, Hyderabad - 500034, Andhra Pradesh
Mob. No.:	91-40-23307704/ 831/ 23394875/ 23303663/ 4732
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	31.03.1998
Com. Reg. No.:	01-029154
Capital Investment / Paid-up Capital :	Rs. 248.573 Million
CIN No.: [Company Identification No.]	U45203AP1998PLC029154
IEC No.:	0990000346
TAN No.: [Tax Deduction & Collection Account No.]	HYDB00839G
PAN No.: [Permanent Account No.]	AAACB8316K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Construction of Buildings, Roads, Bridges etc.
No. of Employees :	2500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (35)

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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1998 having moderate track. Subject primarily undertakes road and building construction; development, operation, and maintenance of national and state highway, and real estate development. The rating reflects company moderate financial risk profile marked by inadequate debt protection measures, its working capital intensive operation and unfavorable gap between trade payables and trade receives. The rating is further constrained by risk associated with construction industry. However, this rating weakness is partially offset by long established track record of business operation and acceptable financial base of the company. Trade relations are reported as fair. Business is active. Payments are reported as slow. The company can be considered business dealings with some caution.

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, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating = (B-)
Rating Explanation	High risk of default
Date	08.08.2015

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 31-03-2015.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Kalyan
Designation :	Assistant General Finance Manager
Contact No.:	91-40-2331560
Date :	14.10.2015

LOCATIONS

Registered/ Corporate Office :	M. No. 8-2-502/1/A, Jivi Towers,  Road No.7, Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India
Tel. No.:	91-40-23307704/ 831/ 23394875/ 23303663/ 4732
Fax No.:	91-40-23307385
E-Mail :	bhaskar@bscpl.net info@bscpl.net
Website :	http://www.bscpl.net
Branch Office :	Ambhanilaya Sampige Road, Near Gandhi Circle Channarayapatna, Hassan - 573116, Karnataka, India

DIRECTORS

AS ON 20.12.2014

Name :

Mr. Bollineni Krishnaiah

Designation :

Whole-Time Director

Address :

D.NO 8-2-546/2, Road No. 7, Banjara Hills, Hyderabad - 500034, Andhra Pradesh, India

Date of Birth/Age :

01.07.1943

Qualification :

B.E, M.E

Date of Appointment :

01.04.2015

PAN No.:

ACVPB8494N

DIN No.:

00025094

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	U67120TG1995PLC019607	AISHU DERAMLANDS LIMITED	Director	02/09/2013	06/03/1995	-	Active	NO
2	U65990TG1996PTC024377	KRISHNAIAH PROJECTS PRIVATE LIMITED	Director	17/06/1996	17/06/1996	-	Active	NO
3	U45400TG1997PLC027901	BOLLINENI CASTINGS AND STEEL LIMITED	Director	08/09/1997	08/09/1997	30/08/2010	Active	NO
4	U55101TG1973PLC040558	KRISHNA INSTITUTE OF MEDICAL SCIENCES LIMITED	Director	30/12/2014	15/11/2002	-	Active	NO
5	U72200TG2000PLC034589	E TALENT SOFTWARE LIMITED	Director	23/12/2002	23/12/2002	-	Strike off	NO
6	U01110TG2001PTC036979	GENOVA BIOTECHNIQUES PRIVATE LIMITED	Director	18/01/2003	18/01/2003	11/11/2009	Active	NO
7	U99999AP1973PTC001575	CHEBROLU HANUMAIAH AND BROTHERS PRIVATE LIMITED	Director	01/10/2004	01/10/2004	-	Active	NO
8	U45203AP1998PLC029154	BSCPL INFRASTRUCTURE LIMITED	Whole-time director	01/04/2014	18/05/2005	-	Active	NO
9	U73100TG2000PLC035034	AMAR BIO-TECH LIMITED	Director	18/08/2005	18/08/2005	-	Active	NO
10	U65990TG1996PLC024371	BOLLINENI DEVELOPERS LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
11	U45200TG2006PLC052111	BSCPL INFRA PROJECTS LIMITED	Director	26/12/2006	26/12/2006	-	Active	NO
12	U60231HR2007PLC036579	BSC- C AND C- KURALI TOLL ROAD LIMITED.	Director	02/02/2007	02/02/2007	06/09/2014	Active	NO
13	U45200TG2007PTC052602	KRISHNAIAH DREAMLANDS PRIVATE LIMITED	Director	05/02/2007	05/02/2007	05/03/2012	Active	NO
14	U70102TG2007PLC052613	BSCPL REALTY LIMITED	Director	05/02/2007	05/02/2007	-	Strike off	NO
15	U70102TG2007PTC052773	ANITHA HOUSING PRIVATE LIMITED	Director	14/02/2007	14/02/2007	05/07/2012	Active	NO
16	U70102TG2007PTC053070	AISHU AVENUES PRIVATE LIMITED	Director	09/03/2007	09/03/2007	20/12/2011	Active	NO
17	U70102TG2007PTC053628	KRISHNAIAH HOME FIELDS PRIVATE LIMITED	Director	17/04/2007	17/04/2007	21/02/2012	Active	NO
18	U70102TG2007PTC053630	BDL BEEKAY AVENUES PRIVATE LIMITED	Director	17/04/2007	17/04/2007	-	Active	NO
19	U70102TG2007PTC053642	BRN AVENUES PRIVATE LIMITED	Director	17/04/2007	17/04/2007	-	Strike off	NO
20	U70102TG2007PTC053663	BEEKAY DREAMLANDS PRIVATE LIMITED	Director	29/09/2014	19/04/2007	-	Active	NO
21	U70102TG2007PTC054174	BRN HOUSING PRIVATE LIMITED	Director	29/05/2007	29/05/2007	-	Strike off	NO
22	U85110TG2000PLC034973	SRI VISWA MEDICARE LIMITED	Additional director	12/08/2007	12/08/2007	06/09/2014	Active	NO
23	U45202TN2007PTC063769	KANDAMANGALAM PROJECTS PRIVATE LIMITED	Nominee director	23/08/2007	23/08/2007	-	Strike off	NO
24	U45400TN2007PTC064811	SRI BK AND BS REALTORS PRIVATE LIMITED	Director	19/09/2007	19/09/2007	04/02/2014	Active	NO
25	U45400TN2007PTC064832	AISHU REALTORS PRIVATE LIMITED	Director	20/09/2007	20/09/2007	04/03/2008	Active	NO
26	U45201TN2007PTC064838	SRI BKN ESTATES PRIVATE LIMITED	Director	21/09/2007	21/09/2007	04/03/2008	Active	NO
27	U45202TN2007PTC064837	SRI KRISHNAIAH PROPERTY DEVELOPERS PRIVATE LIMITED	Director	21/09/2007	21/09/2007	04/03/2008	Active	NO
28	U45200TN2007PTC065746	BDL ARCADES PRIVATE LIMITED	Director	17/12/2007	17/12/2007	04/03/2008	Active	NO
29	U45200TN2007PTC065805	SRI BDL REAL ESTATES PRIVATE LIMITED	Director	20/12/2007	20/12/2007	-	Active	NO
30	U40105TG2007PTC056829	BSCPL-SCL-SIKKIM POWER PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Strike off	NO
31	U45209TN2007PTC065836	SRI BDL PROPERTIES PRIVATE LIMITED	Director	26/12/2007	26/12/2007	04/02/2014	Active	NO
32	U45200TN2007PTC065827	BDL HOME FIELDS PRIVATE LIMITED	Director	26/12/2007	26/12/2007	04/03/2008	Active	NO
33	U45200TN2008PTC066195	BDL PROJECTS PRIVATE LIMITED	Director	25/01/2008	25/01/2008	04/03/2008	Active	NO
34	U36935TN2009NPL072483	TRADITIONAL BHARAT KALA ARTS AND CRAFTS	Director	05/08/2009	05/08/2009	-	Active	NO
35	U27107TG1997PLC027072	AISHU CASTINGS LIMITED	Director	20/09/2010	22/02/2010	05/09/2014	Active	NO
36	U70102TG2007PTC054175	SUJATHA ARCADES PRIVATE LIMITED	Director	30/09/2010	20/03/2010	14/06/2012	Active	NO
37	U45200TG2010PLC068804	MOKAMA - MUNGER HIGHWAY LIMITED	Director	29/09/2011	11/07/2011	06/09/2014	Active	NO
38	U45200AP2011PLC076736	BSCPL AURANG TOLLWAY LIMITED	Director	27/09/2011	27/09/2011	-	Active	NO
39	U45209TG2010PLC066757	BSCPL GODHRA TOLLWAYS LIMITED	Director	19/08/2013	01/02/2013	06/09/2014	Active	NO

Name :

Mr. Bollineni Seenaiah

Designation :

Managing Director

Address :

C/o K Prameela Rani, Plot No. 663-94 (Part), Road No.33, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Birth/Age :

01.07.1951

Qualification :

B. Sc.

Date of Appointment :

01.05.2014

PAN No.:

ADAPB6173G

DIN No.:

00496623

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	U27107TG1997PLC027072	AISHU CASTINGS LIMITED	Director	09/05/1997	09/05/1997	-	Active	NO
2	U45400TG1997PLC027901	BOLLINENI CASTINGS AND STEEL LIMITED	Managing director	08/09/1997	08/09/1997	01/02/2010	Active	NO
3	U45203AP1998PLC029154	BSCPL INFRASTRUCTURE LIMITED	Managing director	01/05/2014	31/03/1998	-	Active	NO
4	U99999AP1973PTC001575	CHEBROLU HANUMAIAH AND BROTHERS PRIVATE LIMITED	Director	01/10/2004	01/10/2004	-	Active	NO
5	U45200TG2006PLC052111	BSCPL INFRA PROJECTS LIMITED	Managing director	01/02/2011	26/12/2006	-	Active	NO
6	U60231HR2007PLC036579	BSC- C AND C- KURALI TOLL ROAD LIMITED.	Director	02/02/2007	02/02/2007	-	Active	NO
7	U70102TG2007PLC052613	BSCPL REALTY LIMITED	Director	05/02/2007	05/02/2007	-	Strike off	NO
8	U45200TG2007PTC052891	HARINI HOUSING PRIVATE LIMITED	Director	21/02/2007	21/02/2007	-	Strike off	NO
9	U45200TG2007PTC052879	YAMUNA HOUSING PRIVATE LIMITED	Director	21/02/2007	21/02/2007	-	Strike off	NO
10	U45200TG2007PTC052886	SEENAIAH HOME FIELDS PRIVATE LIMITED	Director	21/02/2007	21/02/2007	-	Strike off	NO
11	U45200TG2007PTC052949	SANDEEP RESORTS PRIVATE LIMITED	Director	23/02/2007	23/02/2007	-	Strike off	NO
12	U70102TG2007PTC053640	BEEYES AVENUES PRIVATE LIMITED	Director	17/04/2007	17/04/2007	-	Strike off	NO
13	U70102TG2007PTC053657	SEENAIAH DREAMLANDS PRIVATE LIMITED	Director	18/04/2007	18/04/2007	-	Strike off	NO
14	U70102TG2007PTC053895	BEEYES DREAMLANDS PRIVATE LIMITED	Director	09/05/2007	09/05/2007	-	Strike off	NO
15	U45400TG2007PTC054110	HARINI AVENUES PRIVATE LIMITED	Director	23/05/2007	23/05/2007	-	Strike off	NO
16	U45400TN2007PTC064811	SRI BK AND BS REALTORS PRIVATE LIMITED	Director	19/09/2007	19/09/2007	04/03/2008	Active	NO
17	U45400TN2007PTC064832	AISHU REALTORS PRIVATE LIMITED	Director	20/09/2007	20/09/2007	-	Active	NO
18	U74999TG1993PLC016319	AISHU PROJECTS LIMITED	Director	23/09/2008	31/10/2007	03/10/2011	Active	NO
19	U45200TN2007PTC065746	BDL ARCADES PRIVATE LIMITED	Director	17/12/2007	17/12/2007	28/03/2008	Active	NO
20	U45200TN2007PTC065804	SRI BDL DHATRI DEVELOPERS PRIVATE LIMITED	Director	20/12/2007	20/12/2007	-	Active	NO
21	U67120TG1995PLC019607	AISHU DERAMLANDS LIMITED	Director	24/12/2007	24/12/2007	09/11/2011	Active	NO
22	U45200TN2007PTC065832	BDL HOUSING PRIVATE LIMITED	Director	26/12/2007	26/12/2007	04/03/2008	Active	NO
23	U45200TN2007PTC065830	BDL AVENUES PRIVATE LIMITED	Director	26/12/2007	26/12/2007	04/03/2008	Active	NO
24	U45200TN2007PTC065828	BDL INFRASTRUCTURE PRIVATE LIMITED	Director	26/12/2007	26/12/2007	04/03/2008	Active	NO
25	U45209TN2008PTC066117	SRI BDL DREAMLANDS PRIVATE LIMITED	Director	21/01/2008	21/01/2008	-	Active	NO
26	U72200TG2000PLC034589	E TALENT SOFTWARE LIMITED	Director	25/01/2008	25/01/2008	-	Strike off	NO
27	U45200TN2008PTC066195	BDL PROJECTS PRIVATE LIMITED	Director	25/01/2008	25/01/2008	-	Active	NO
28	U17122TG2008PLC058193	COSMOS COTTON INDIA LIMITED	Director	15/03/2008	15/03/2008	08/02/2011	Active	NO
29	U27100TG2008PLC060476	BOLLINENI SPONGE IRON LIMITED	Director	05/08/2008	05/08/2008	-	Strike off	NO
30	U70102TN2008PTC068869	APL REAL ESTATES PRIVATE LIMITED	Director	14/08/2008	14/08/2008	-	Strike off	NO
31	U45209TG2010PLC066757	BSCPL GODHRA TOLLWAYS LIMITED	Director	21/01/2010	21/01/2010	-	Active	NO
32	U45203TG2010PLC068791	SIMHAPURI EXPRESSWAY LIMITED	Director	04/06/2010	04/06/2010	-	Active	NO
33	U45200TG2010PLC068804	MOKAMA - MUNGER HIGHWAY LIMITED	Director	07/06/2010	07/06/2010	-	Active	NO
34	U45203HR2010PLC040958	NORTH BIHAR HIGHWAY LIMITED.	Director	27/07/2010	27/07/2010	-	Active	NO
35	U45203TG2011PLC072503	PATNA BAKHTIYARPUR TOLLWAY LIMITED	Director	04/02/2011	04/02/2011	-	Active	NO
36	U45200AP2011PLC076736	BSCPL AURANG TOLLWAY LIMITED	Director	27/09/2011	27/09/2011	-	Active	NO
37	U45400DL2013NPL257580	CONSTRUCTION SKILL DEVELOPMENT COUNCIL OF INDIA	Director	11/09/2013	11/09/2013	-	Active	NO

Name :

Mr. Kameswara Rao Bhagwati

Designation :

Director

Address :

1-1-380/38 Ashoknagar Extn, Ashoknagar, Hyderabad - 500020, Andhra Pradesh, India

Date of Birth/Age :

15.08.1931

Date of Appointment :

21.09.2011

DIN No.:

01471253

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	U45200AP1981PLC038986	PROGRESSIVE CONSTRUCTIONS LIMITED	Managing director	27/06/1989	27/06/1989	24/03/2010	Active	NO
2	U85110DL2002PLC117897	PCL - JDRC JOINT VENTURE LIMITED	Director	04/12/2002	04/12/2002	30/09/2004	Active	NO
3	U55101TG1973PLC040558	KRISHNA INSTITUTE OF MEDICAL SCIENCES LIMITED	Director	30/12/2014	30/12/2006	-	Active	NO
4	U45200AP2006PLC051512	RANGARAYA CONSTRUCTIONS LIMITED	Director	30/09/2010	24/03/2010	25/08/2012	Active	NO
5	U45203AP1998PLC029154	BSCPL INFRASTRUCTURE LIMITED	Director	21/09/2011	16/09/2011	-	Active	NO

Name :

Mr. Balakrishnan Rajagopala

Designation :

Additional Director

Address :

9e/1501-1502, 15^th Floor, Whishpering Palm-Exclusive, E-Wing, Lokhandwala Township-9, Akurli Road, Kandivali E Mumbai - 400101, Maharashtra, India

Date of Appointment :

23.03.2015

DIN No.:

03122004

Name :

Mr. Dandamudi Anitha

Designation :

Additional director

Address :

Plot No. 1240, Road No. 62,, Jubilee Hills, Hyderabad - 500033, Andhra Pradesh, India

Date of Appointment :

23.03.2015

DIN No.:

00025480

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U92199TG2001PLC037168	SRINIVASA ENTERTAINMENTS LIMITED	Director	20/08/2001	20/08/2001	Strike off	NO
2	U72200TG2000PLC034589	E TALENT SOFTWARE LIMITED	Director	23/12/2002	23/12/2002	Strike off	NO
3	U85110TG2000PLC034973	SRI VISWA MEDICARE LIMITED	Director	11/12/2006	11/12/2006	Active	NO
4	U70102TG2007PTC052773	ANITHA HOUSING PRIVATE LIMITED	Director	14/02/2007	14/02/2007	Active	NO
5	U40105TG2007PTC053067	SNOWPEAK ENERGY PRIVATE LIMITED	Director	08/03/2007	08/03/2007	Strike off	NO
6	U70102TG2007PTC053871	ANITHA DREAMLANDS PRIVATE LIMITED	Director	08/05/2007	08/05/2007	Active	NO
7	U70102TG2007PTC053880	DEEYES DREAMLANDS PRIVATE LIMITED	Director	09/05/2007	09/05/2007	Strike off	NO
8	U45200TG2007PTC053876	DVN HOME FIELDS PRIVATE LIMITED	Director	09/05/2007	09/05/2007	Strike off	NO
9	U70102TG2007PTC054174	BRN HOUSING PRIVATE LIMITED	Director	29/05/2007	29/05/2007	Strike off	NO
10	U45400TN2007PTC064811	SRI BK AND BS REALTORS PRIVATE LIMITED	Director	30/06/2008	04/03/2008	Active	NO
11	U55101TG1973PLC040558	KRISHNA INSTITUTE OF MEDICAL SCIENCES LIMITED	Director	30/09/2008	21/03/2008	Active	NO
12	U74999TG1993PLC016319	AISHU PROJECTS LIMITED	Director	03/10/2011	03/10/2011	Active	NO
13	U65990TG1996PTC024377	KRISHNAIAH PROJECTS PRIVATE LIMITED	Director	29/09/2014	19/12/2013	Active	NO
14	U45203AP1998PLC029154	BSCPL INFRASTRUCTURE LIMITED	Additional director	23/03/2015	23/03/2015	Active	NO
15	U60231HR2007PLC036579	BSC- C AND C- KURALI TOLL ROAD LIMITED.	Additional director	26/03/2015	26/03/2015	Active	NO

KEY EXECUTIVES

Name :	Mr. Bandaru Subramanya Bhaskar
Designation :	Secretary
Address :	98, Navodaya Colony, Gudimalkapur, Mehdipatnam, Hyderabad - 500028, Andhra Pradesh, India
Date of Birth/Age :	20.06.1965
Date of Appointment :	01.07.2006
PAN No.:	ABYPB0147L
Name :	Mr. Kalyan
Designation :	Assistant General Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 20.12.2014

Names of Shareholders	No. of Shares
Bollineni Krishnaiah	2280000
Bollineni Seenaiah	4847180
B Bhaskara Rao	1200000
T Dayakar	200000
Ch Janardhana Rao	52742
B Sujatha	2361450
D Anitha	1500000
T Lalithamma	500000
D Lakshmi Kanthamma	751434
B Aishwarya	1909672
B Yamuna	1242870
B Sandeep	1103170
New Vernon Private Equity Limited	2836878
Tattersalls Limited	475000
Tiger Veda Bharat	943440
LB India Holdings Mauritius Limited, Mauritius	732984
Amansa Investments Limited	436300
L and T Infrastructure Finance Company Limited	1047916
Infrastructure Development Finance Company Limited	436300
Total	24857336

AS ON 20.12.2014

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	21.82
Bodies corporate	5.97
Directors or relatives of directors	72.21
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction of Buildings, Roads, Bridges etc.

Products :

ITC Code No.	Product Descriptions
99532219	Construction of Bridges, Roads Etc

Brand Names :

--

Agencies Held :

--

Exports :

--

Imports :

--

Terms :

Selling :

L/C and Credit

Purchasing :

L/C and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

End User and OEM’s

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

2500 (Approximately)

Bankers :

Bank Name:	ICICI Bank Limited
Branch:	ICICI Bank Towers, Plot No. 12, Nanakramguda, Serilingampalli, Hyderabad, Andhra Pradesh, India
Person Name (with Designation):	Not Divulged
Contact Number:	Not Divulged
Name of Account Holder:	Not Divulged
Account Number:	Not Divulged
Account Since (Date/ Year of A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Axis Bank Limited

Greenlands, Hyderabad, Andhra Pradesh, India

· Andhra Bank

Specialised Corporate Finance Branch, The Belveder, 6-3-891 And 892, Raj Bhavan Road, Somajiguda, Hyderabad - 500082, Telangana, India

· Indian Overseas Bank

Large Corporate Branch, Punnaiah Plaza, Road No. 2, Banjara Hills, Hyderabad – 500034, Telangana, India

· Vijaya Bank

Public Garden Road, Branch, Nampally, Hyderabad – 500004, Andhra Pradesh, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Rupee term loans from banks	1125.622	2256.250
Foreign currency term loans from banks	269.383	353.307
Rupee term loans from others	604.768	95.518
SHORT TERM BORROWINGS
Rupee term loans from others	800.000	0.000
Working capital loans from banks	750.000	1650.000
Loans repayable on demand from banks	5025.992	3433.502
Other loans and advances	118.113	0.000
Total	8693.878	7788.577

Banking Relations :	--
Financial Institutions :	· Axis Trustee Services Limited Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra, India · SREI equipment Finance Limited Vishwakarma, 86 C, Topsia Road, Kolkata – 700046, West Bengal, India · Religare Finvest Limited
Auditors :
Name :	Anjaneyulu and Company Chartered Accountants
Address :	30, Bagyalakshmi Nagar, Behind Kalpana Theatre, Gandhi Nagar, Hyderabad - 500080, Andhra Pradesh, India
Income-tax PAN of auditor or auditor's firm :	AAGFA1840E
Memberships :	--
Collaborators :	--
Subsidiaries :	· BSCPL Infra Projects Limited (U45200TG2006PLC052111) · BSCPL International FZE · BSCPL Godhra Tollways Limited (U45209TG2010PLC066757) · BSC-C and c-Kurali Toll ROAD Limited (U60231HR2007PLC036579). · BSCPL AURANG TOLLWAY LIMITED (U45200AP2011PLC076736)
Joint Ventures :	· Simhapuri Expressway Limited (U45203TG2010PLC068791) · Mokama – Munger Highway Limited (U45200TG2010PLC068804) · North Bihar Highway Limited (U45203HR2010PLC040958) · Patna Bakhtiyarpur Tollway Limited (U45203TG2011PLC072503) · BSC - CandC JV Nepal private Limited · BSC - CandC · BSC-RBM Pati · SOMA – BSCPL · BSCPL- SCL · SCL-BSCPL · CR18G – BSCPL · BSC - KGLC - Consortium
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives	· Bollineni Castings and Steel Limited · Bollineni Developers Limited · Aishu Castings Limited (U27107TG1997PLC027072) · Aishu Projects Limited (U74999TG1993PLC016319) · Krishna Institute of Medical Sciences Limited (U55101AP1973PLC040558) · Amar Bio-Tech Limited (U73100TG2000PLC035034) · Bollineni Family Trust

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
40,000,000	Equity Shares	Rs. 10/- each	Rs. 400.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
24,857,336	Equity Shares	Rs. 10/- each	Rs. 248.573 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	248.573	248.573	248.573
(b) Reserves & Surplus	8399.282	7697.825	6784.813
(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)	8647.855	7946.398	7033.386
(3) Non-Current Liabilities
(a) Long-term borrowings	1999.773	2705.075	2545.719
(b) Deferred tax liabilities (Net)	58.939	98.599	131.368
(c) Other long term liabilities	662.447	877.318	867.465
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	2721.159	3680.992	3544.552
(4) Current Liabilities
(a) Short term borrowings	6852.808	5083.502	3928.440
(b) Trade payables	1261.315	1630.212	809.740
(c) Other current liabilities	4106.591	5206.929	4703.640
(d) Short-term provisions	255.859	223.005	56.131
Total Current Liabilities (4)	12476.573	12143.648	9497.951
TOTAL	23845.587	23771.038	20075.889
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3161.477	3306.478	3167.496
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	94.425	108.325	37.410
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	10517.343	9414.246	7910.068
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2458.610	3038.137	1475.652
(e) Other Non-current assets	2603.886	2445.532	2592.835
Total Non-Current Assets	18835.741	18312.718	15183.461
(2) Current assets
(a) Current investments	687.475	0.623	1.132
(b) Inventories	1883.257	2143.525	3040.543
(c) Trade receivables	1050.645	1606.086	709.530
(d) Cash and cash equivalents	350.479	230.181	421.560
(e) Short-term loans and advances	629.948	481.069	434.102
(f) Other current assets	408.042	996.836	285.561
Total Current Assets	5009.846	5458.320	4892.428
TOTAL	23845.587	23771.038	20075.889

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations	8630.107	11250.170	8510.609
		Other Income	429.024	458.581	203.071
		TOTAL	9059.131	11708.751	8713.680
Less	EXPENSES
		Cost of Materials Consumed	2638.192	3609.932	1579.223
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	164.359	695.586	1163.506
		Employees benefits expense	929.171	1008.445	884.418
		Other expenses	2921.161	3670.565	2729.011
		TOTAL	6652.883	8984.528	6356.158
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		2406.248	2724.223	2357.522
Less	FINANCIAL EXPENSES		1473.906	1251.544	1162.212
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		932.342	1472.679	1195.310
Less/ Add	DEPRECIATION/ AMORTISATION		512.601	531.290	504.011
Less	PRIOR PERIOD ITEMS		49.461	0.000	520.224
	PROFIT/ (LOSS) BEFORE TAX		370.280	941.389	171.075
Less	TAX		147.571	308.371	90.414
Add	SHARE OF PROFIT/ (LOSS) OF ASSOCIATES		478.748	279.95	0.000
	PROFIT/ (LOSS) AFTER TAX		701.457	913.013	80.661
	EARNINGS IN FOREIGN CURRENCY		28.232	13.267	131.334
	Earnings Per Share (Rs.)		28.22	36.73	3.24

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	1548.338	2001.447	1655.651
Cash Generated from Operations	NA	NA	NA
Net Cash Flow from used in Operations	2122.042	3012.919	2545.485

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	8.13	8.12	0.95
Operating Profit Margin (PBDIT/Sales)	(%)	27.88	24.21	27.70
Return on Total Assets (PBT/Total Assets}	(%)	2.80	6.61	1.41
Return on Investment (ROI) (PBT/Networth)		0.04	0.12	0.02
Debt Equity Ratio (Total Debt/Networth)		1.20	1.23	1.16
Current Ratio (Current Asset/Current Liability)		0.40	0.45	0.52

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	248.573	248.573	248.573
Reserves & Surplus	6784.813	7697.825	8399.282
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	7033.386	7946.398	8647.855
Long-term borrowings	2545.719	2705.075	1999.773
Short term borrowings	3928.440	5083.502	6852.808
CURRENT MATURITIES OF LONG-TERM DEBTS	1655.651	2001.447	1548.338
Total borrowings	8129.810	9790.024	10400.919
Debt/Equity ratio	1.156	1.232	1.203

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	8510.609	11250.170	8630.107
		32.190	(23.289)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	8510.609	11250.170	8630.107
Profit	80.661	913.013	701.457
	0.95%	8.12%	8.13%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10587008	27/07/2015	716,700,000.00	AXIS TRUSTEE SERVICES LIMITED	AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI - 400025, MAHARASHTRA, INDIA	C62181433
2	10577831	27/06/2015 *	700,000,000.00	ANDHRA BANK	SPECIALISED CORPORATE FINANCE BRANCH, THE BELVEDER, 6-3-891 AND 892, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD - 500082, TELANGANA, INDIA	C57941643
3	10576763	01/12/2014	2,880,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C40182602
4	10576762	01/12/2014	15,262,848.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C40183832
5	10576765	01/12/2014	1,736,894.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C40189177
6	10513373	11/08/2014	200,000,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C15353683
7	10513375	11/08/2014	7,684,412.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C15355043
8	10513382	11/08/2014	10,727,324.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C15356454
9	10508241	23/06/2014	135,000,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C10702694
10	10502055	01/06/2014	8,375,907.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C06159503
11	10502058	01/06/2014	10,530,562.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	C06160139
12	10489469	20/02/2015 *	1,100,000,000.00	INDIAN OVERSEAS BANK	LARGE CORPORATE BRANCH, PUNNAIAH PLAZA, ROAD NO.  2, BANJARA HILLS, HYDERABAD - 500034, TELANGANA, INDIA	C45362795
13	10500690	27/06/2014 *	1,000,000,000.00	VIJAYA BANK	PUBLIC GARDEN ROAD BRANCH, NAMPALLY, HYDERABAD - 500004, ANDHRA PRADESH, INDIA	C11555463
14	10469527	30/12/2013	131,526,000.00	SREI EQUIPMENT FINANCE LIMITED	'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA	B93266906
15	10421756	28/03/2013	43,125,827.00	SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED	MOOKAMBIKA COMPLEX, 3RD FLOOR, NO.4. LADY DESIKA ROAD, MYLAPORE, CHENNAI - 600004, TAMILNADU, INDIA	B73755894
16	10392979	30/11/2012	33,101,160.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001,  MAHARASHTRA, INDIA	B64516701
17	10392976	29/11/2012	28,010,715.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001,  MAHARASHTRA, INDIA	B64516156
18	10386542	31/10/2012	46,023,324.00	SHRIRAM EQUIPMENT FINANCE COMPANY LIMITED	MOOKAMBIKA COMPLEX, 3RD FLOOR, NO.4. LADY DESIKA ROAD, MYLAPORE, CHENNAI - 600004, TAMIL NADU, INDIA	B62090543
19	10343963	28/03/2012	1,500,000,000.00	ICICI BANK LIMITED	ICICI BANK TOWERS, PLOT NO. 12, NANAKRAMGUDA, SERILINGAMPALLY, HYDERABAD - 500032, ANDHRA PRADESH,  INDIA	B35727759
20	10275920	07/05/2013 *	500,000,000.00	STANDARD CHARTERED BANK	6-3-1090., RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD - 500082, ANDHRA PRADESH, INDIA	B74526567
21	10230944	06/04/2010	1,250,000,000.00	ICICI BANK LIMITED	ICICI BANK TOWER, LEVEL IV, 1-11-256, BEGUMPET, HYDERABAD - 500016, ANDHRA PRADESH, INDIA	A85527752
22	10112760	19/06/2008	141,978,375.00	STANDARD CHARTERED BANK	G-5, GROUND FLOOR, ASHOKA BHOOPAL CHAMBERS, SARD  AR PATEL ROAD, SECUNDERABAD - 500003, ANDHRA PRADESH, INDIA	A41983941
23	10097812	17/03/2008	250,000,000.00	INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED	CAPITAL COURT, 6TH FLOOR, OLOF PALME MARG, MUNIRKA, NEW DELHI - 110067, INDIA	A36265692
24	10074297	19/09/2007	294,000,000.00	STANDARD CHARTERED BANK	G-5, GROUND FLOOR, ASHOKA BHOOPAL CHAMBERS,, SARD  AR PATEL ROAD, SECUNDERABAD - 500003, ANDHRA PRADESH, INDIA	A23087414
25	10069092	27/08/2007	500,000,000.00	LANDT INFRASTRUCTURE FINANCE COMPANY LIMITED	MOUNT POONAMALLEE ROAD, MANAPAKKAM, CHENNAI - 600089 , TAMIL NADU, INDIA	A23591712
26	10064661	25/08/2007	3,745,080.00	ABN AMRO BANK NV	11TH FLOOR, TOWER C, CYBER GREENS, DLF CYBER CITY, SECTOR 25A, GURGAON - 122002, HARYANA, INDIA	A21628581
27	10059980	20/06/2007	1,474,200.00	ABN AMRO BANK NV	CONSTRUCTION EQUIPMENT FINANCE DIVISION, 6-3-248/  1/1/A, ROAD NO. 1, BANJARA HILLS, HYDERABAD - 500034, ANDHRA PRADESH, INDIA	A18949859
28	10061283	10/06/2007	455,000.00	CITICORP FINANCE (I) LIMITED	1/10/72, 4TH FLOOR, ASHOKA JANARDHAN CHAMBER, BEG  UMPET MAIN ROAD, HYDERABAD - 500016, ANDHRA PRADESH, INDIA	A19706944
29	10051643	13/04/2007	414,000.00	CITICORP FINANCE (I) LIMITED	1/10/72, 4TH FLOOR, ASHOKA JANARDHAN, CHAMBER, BE  GUMPET MAIN ROAD, HYDERABAD - 500016, ANDHRA PRADESH, INDIA	A15261696
30	10051644	13/04/2007	1,327,500.00	CITICORP FINANCE (I) LIMITED	1/10/72, 4TH FLOOR, ASHOKA JANARDHAN, CHAMBER, BEGUMPET MAIN ROAD, HYDERABAD - 500016, ANDHRA PRADESH INDIA	A15262603

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
LONG-TERM BORROWINGS
Loans and advances from others	158.703	0.000
Total	158.703	0.000

CHANGE OF ADDRESS:

The Registered Office of the Company has been shifted from 6-2-913/914, Vth Floor, Progressive Towers, Khairatabad, Hyderabad – 500004, Andhra Pradesh, India to the present address w.e.f. 09.01.2012.

CORPORATE INFORMATION

The Company is a public limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is primarily engaged in the business of infrastructure development and execution of engineering, procurement and construction (EPC) facilities in various infrastructure projects in roads, large scale bridge works and irrigation for Central / State Governments, other local bodies and private sector. The Company is also executing a real estate project in Chennai.

FINANCIAL PERFORMANCE

As expected due to the all-round down trend in the infra industry, the performance of your company during the FY 13-14 was down as compared to the previous year FY 12-13.

Despite fall in revenue by 23.29%, the share of profit from JVs increased by 70.98% with Rs.100 Mi. share of claim realized from a closed JV work (BSC-RBM-PATI) and more works from EPC contracts executed for BOT Projects.

The profit for the year of Rs.701.460 Million has been transferred to reserves.

The Board does not recommend dividend owing to the liquidity problems and to preserve cash.

CONSTRUCTION PROJECTS

The Company is executing building and road construction projects and irrigation projects either directly from Government on Item Rate Contract basis or from our own/JV Special Purpose Companies to execute BOT projects on EPC basis. The total value of works outstanding as on October 30, 2014 stands at INR 3138 Cr. Out of the seven BOT Projects, Kurali Project is opened to Toll since 2010, four projects are completed upto 90% and applied for Provisional COD, Simhapuri is completed upto 60% and would be completed by July, 2015 and Aurang Project is 30% complete with expectation to finish by May, 2015. The Management intends to sell the BOT Projects after completion, if good rates come.

Apart from these projects, we also have residential building projects in Chennai and Dubai. The Project in Chennai is spread over an area of 92 acres divided into three Phases. Phase One with 2.000 Million sft. built up area with 1295 dwelling units of various sizes and specifications is almost complete and sold. Phase Two on 6.489 acre land having a total built up area of approximately 5.40 lakh sft. is launched in June, 2014. tHE Company has plans to launch Phase Three also during FY 15-16. Due to Global recession, the Dubai Project got stalled and delayed and is further facing problems, which are under negotiations to resolve and complete the Project.

INFRA SECTOR VS. FUTURE PLANS

As you are all aware, the Infra Industry has been experiencing severe crisis in terms of extreme delays in executing projects due to external factors, which result in additional costs towards interest, project running and maintenance expenditure, escalating prices, stress on liquidity etc. The delays also caused HR related problems such as talent regression, demotivation, unrest etc., which are, of course, tackled by the Management with extreme care and caution.

With the sector badly suffering for profit margins and depleting margins due to aggressive bidding many players are finding difficult to execute and bid for new projects. NHAI is also releasing many tenders during three months from November to January. The Company is confident of getting sizeable amount of works, which would give good push to the Company and recovery from the severe stress.

FIXED ASSETS:

· Land

· Buildings

· Office Building

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Computer Equipment’s

· Leasehold Improvement

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.64.82
UK Pound	1	Rs.100.41
Euro	1	Rs.74.50

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	DIV
Report Prepared by :	ARC

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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		35

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.