Date:-02/04/11 To, The Branch Manager Axis Bank Ltd.

Rangpo,East Sikkim Sub:- Bank Balance Conformation Latter (31st March.11) Please issue Bank Balance Conformation Letter on 31st March.11 .Current Account No: -441010200000356 This is for your kind information and needful please Thanking you, Yours truly, For Coastal Projects Ltd.

B.P Reddy (Dy. General Manager)

From :

The Branch Manager

Axis Bank Ltd. Madhapar(Bhuj) Gujarat

Date:______________

Attn: Mr. K. Rajasekhar M/s. Deloitte Haskins & Sells, Chartered Accountants 1-8-384 & 385, 3rd Floor, Gowra Grand, S.P.Road, Begumpet, Secunderabad 500 003
Dear Sir, Re: Client : M/s Coastal Projects Limited At the request of our clients, we certify the balance and give below particulars of their accounts, investments, bills etc. as at the close of business on 31-03-2011, as shown by our records: 1. Current Accounts: Designation of Account Balance in Rupees Credit / (Debit).

2.

Overdrawn Current Accounts: Overdraft Accounts or Cash Credit Accounts: Designation of Account Balance in Rupees (Debit) * Security Held

* Give brief description of the documents executed with you for the above facilities and in case of Securities e.g. Shares, Bonds or Title Deeds, please list them in full. 3. Loan Accounts: Designation of Account Balance in * Security

Rupees (Debit)

Held

* Give brief description of the documents executed with you for the above facilities and in case of Securities e.g. Shares, Bonds or Title Deeds, please list them in full. 4. Fixed, Call and Short Account Number Deposit Accounts: Balance in Rupees (Credit) Interest Accrued till the closing date Due date Particulars for any charges for liens

5.

** Investments and other Documents of title held in Safe Custody : Account Description Face Value shares held. or number of

** In case of investments held in D Mat form please enclose a statement of holding along with this annexure. 6. Margin against Letters of Credit, Guarantees issued etc.: Designation 7. Bills for collection: Designation Amount Due Date Amount

8.

Bills discounted or purchased: (Including Trust Receipt facilities import loans or export bills negotiated etc. with list of documents obtained for the same) Name of Drawee Amount Due Date

9.

Letters of Credit: Letters of Credit open and outstanding

list of documents obtained for the same in favour of: Amount not utilised 10. Guarantees: Guarantees given on behalf of clients and list of documents obtained for the same in favour of: Amount 11. Interest Accrued: Rs. _______________________: Please state the amount of interest accrued but not due and not debited by you, stating separately for each account. 12. Derivative Contracts: List of all outstanding derivative contracts such as forward exchange contracts, currency and interest rate options, swaps etc. as at 31st March 2011. Nature of Contrac t Contract Number Deal Date Curren cy Notional Amount Mark to market Valuation Date of expiry Valid upto

We certify that the above particulars are full and correct and do not exclude any other obligations of the Company to us.

Date: ________________ Bank Signature Title