DETAILED APPRAISAL SWARNA TOLLWAYS PRIVATE LIMITED PROJECT FINANCING FOR EXPRESSWAY PROJECTS A) Tada to Nellore (NH 5) Approval

In Principal for Project Loan/Lease/Hire Purchase to B) Nandigama to Vijayawada (NH 9) Ltd

1. Executive Summary Name of the Company Registered Office Contact Person Tele & Fax Numbers. Corporate Office Date of incorporation Business Directors Promoters Shareholding Pattern Proposal

2. Introduction
Brief description to the proposal

3. Company Background Brief note on the history of the company, businesses, growth pattern, major events, and our comments on the company. Highlight negative points, if any, e.g. , rift between promoters, family division, Market reactions, etc.

4. Shareholding Pattern The shareholding pattern of the main promoter company as well as the SPV.

5. Group Companies Relevant information on group companies. Brief financials of group companies in the following format. Brief Financial profile
Financial Yr ended

Yr 1

Yr 2

Yr 3

Equity Net worth Turnover PBT Interest Depreciation Cash Accruals Debt Equity Ratio

6. Promoters Profile
For Each Major Promoters Name of Promoter, their background, Major Businesses, past experience in similar projects, Track Record, Credit History With rating if available, Financial Profile as per the table below

Brief Financial profile

Financial Yr ended

Yr 1

Yr 2

Yr 3

Equity Net worth Turnover PBT Interest Depreciation Cash Accruals Debt Equity Ratio

7. Financial Highlights of the Project Comments on future financial projections for the project and the relevant ratios.

8. Opportunities available to SREI The different options that emerges for SREI from the project and its justification

9. Our Observation & Recommendations On the above

Name

Date:

Action to be taken: 1. 2. 3.

Name:

Date: