PROFILE, SOLUTIONS & CREDENTIALS

PROFILE, SOLUTIONS & CREDENTIALSPROFILE, SOLUTIONS & CREDENTIALS

CAPITAL MARKETS GROUPCAPITAL MARKETS GROUP

2

BUSINESS UNITSBUSINESS UNITS

� Leading Private Sector bank in India

� Uniquely positioned to harness the high growth opportunity in India

� One Decade of excellence & growth

Ranked 15 th among top 300 Asian Banks based on 7

critical parameters

International International BankingBanking

TreasuryTreasuryCorporateCorporateBankingBanking

Retail Retail BankingBanking

UTI BANKUTI BANK

Capital Capital MarketsMarkets

Equity GroupEquity Group

Debt GroupDebt Group

AdvisoryAdvisory

TrusteeshipTrusteeship

SecuritisationSecuritisation

Depository ServicesDepository Services

Capital MarketsCapital Markets

3

BUSINESS PERFORMANCEBUSINESS PERFORMANCE

4

BUSINESS PERFORMANCEBUSINESS PERFORMANCE

5

DEBT PLACEMENT: KEY DIFFERENTIATORSDEBT PLACEMENT: KEY DIFFERENTIATORS

Debt Advisory TrusteeshipEquity

� Corporate Debt Placement

� Project Debt Syndication

� Syndication of Structured Debt Obligations

SERVICE OFFERINGS

� Focused Syndication Teams

� Term Loans & Bonds Segments

� Strong Relationships

� Banks (PSU Banks, Private / MNC Banks)

� Financial Institutions (PFs, Mutual Funds, Insuranc e Companies,NBFCs)

PLACEMENT CAPABILITIES

� Debt Origination at Competitive Levels

� Advising on Credit enhancement / Instrument structu ring through intensive interaction with Credit Rating Agency

� Preparation of Information Memoranda

� Advising issuers on Legal / regulatory matters

VALUE ADDITION

6

DEBT ARRANGING CREDENTIALSDEBT ARRANGING CREDENTIALS

Indian Domestic Bonds (Underwriter League Table)

For CY 2005

in India For 2 yrs

2004, 2003

India Bond House For 2005

in India for

FY2006, FY 2005,

FY 2004, FY 2003

IFR IFR

ASIAASIA


I NR bi l l i on

8 3

16 72 10

4 5 0

16 5

0

10 0

2 0 0

3 0 0

4 0 0

5 0 0

2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 ( t o d a t e )

Tot a l De bt A r r a nge d

7

KEY PLACEMENTS KEY PLACEMENTS –– TERM LOANSTERM LOANS


April, 2005

GMR GROUP – TWIN ROAD PROJECTS

April, 2005

GMR GROUP – TWIN ROAD PROJECTS

Structured Loan Syndication

INR 8,711 mn


INR 8,711 mn

June, 2004

JINDAL STAINLESS LTD.

June, 2004


Backward Integration ProjectDebt syndicationINR 6,300 mn

Backward Integration ProjectDebt syndicationINR 6,300 mn

Refinancing of High Cost Debt

INR 12,000 mn


INR 12,000 mn

April 2004

GOVERNMENT OF ANDHRA PRADESH

April 2004

GOVERNMENT OF ANDHRA PRADESH

June 2004

GOVERNMENT OF RAJASTHAN

June 2004

GOVERNMENT OF RAJASTHAN


INR 10,000 mn


INR 10,000 mn

September 2005

RELIANCE PORTS & TERMINALS LTD.

September 2005

RELIANCE PORTS & TERMINALS LTD.


INR 42,500 mn


INR 42,500 mn

October, 2005

RELIANCE UTILITIES AND POWER LTD.

October, 2005

RELIANCE UTILITIES AND POWER LTD.

Structured Loan syndication

INR 7,500 mn

Structured Loan syndication

INR 7,500 mn

8

KEY PLACEMENTS KEY PLACEMENTS –– BOND ISSUES IBOND ISSUES I


FY 06-07

STATE BANK OF INDIA

FY 06-07

STATE BANK OF INDIA

Bonds Issue

INR 23,280 mn

Bonds Issue

INR 23,280 mn

FY 06-07

POWER FINANCE CORPORATION

FY 06-07


Bonds Issue

INR 6,500 mn

Bonds Issue

INR 6,500 mn

FY 06-07

ORIENTAL BANK OF COMMERCE

FY 06-07

ORIENTAL BANK OF COMMERCE

Bonds Issue

INR 10,000 mn

Bonds Issue

INR 10,000 mn

Bonds Issue

INR 7,460 mn

Bonds Issue

INR 7,460 mn

FY 06-07

INDUSTRIAL DEVELOPMENT BANK OF INDIA LTD.

FY 06-07


FY 06-07

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

FY 06-07


Bonds Issue

INR 18,550 mn

Bonds Issue

INR 18,550 mn

FY 06-07

INDIAN RAILWAY FINANCE CORPORATION LTD.

FY 06-07


Bonds Issue

INR 8,100 mn

Bonds Issue

INR 8,100 mn

9

KEY PLACEMENTS KEY PLACEMENTS –– BOND ISSUES IIBOND ISSUES II


FY 05-06

POWER GRID CORPORATION OF INDIA LTD.

FY 05-06

POWER GRID CORPORATION OF INDIA LTD.

Bonds Issue

INR 10,000 mn

Bonds Issue

INR 10,000 mn

FY 05-06

HOUSING & URBAN DEVELOPMENT CORPORATION LTD.

FY 05-06

HOUSING & URBAN DEVELOPMENT CORPORATION LTD.

Bonds Issue

INR 8,200 mn

Bonds Issue

INR 8,200 mn

FY 05-06

HOUSING DEVELOPMENT FINANCE COMPANY LTD.

FY 05-06

HOUSING DEVELOPMENT FINANCE COMPANY LTD.

NCD Issue

INR 17,250 mn

NCD Issue

INR 17,250 mn

FY 05-06


FY 05-06


Bonds Issue

INR 9,500 mn

Bonds Issue

INR 9,500 mn

Bonds Issue

INR 13,830 mn

Bonds Issue

INR 13,830 mn

FY 05-06


FY 05-06


FY 05-06


FY 05-06


Bonds Issue

INR 11,840 mn

Bonds Issue

INR 11,840 mn

10

KEY PLACEMENTS KEY PLACEMENTS –– BOND ISSUES IIIBOND ISSUES III


FY 05-06

FOOD CORPORATION OF INDIA

FY 05-06

FOOD CORPORATION OF INDIA

Bonds Issue

INR 45,664 mn

Bonds Issue

INR 45,664 mn

FY 05-06

RURAL ELECTRIFICATION CORPORATION

FY 05-06

RURAL ELECTRIFICATION CORPORATION

Bonds Issue

INR 32,950 mn

Bonds Issue

INR 32,950 mn

Bonds Issue

INR 8,000 mn

Bonds Issue

INR 8,000 mn

FY 05-06

UNION BANK OF INDIA

FY 05-06

UNION BANK OF INDIA

FY 05-06

INDUSIND BANK

FY 05-06

INDUSIND BANK

PTC Issue

INR 12,519 mn

PTC Issue

INR 12,519 mn

FY 05-06

INDIAN OIL CORPORATION

FY 05-06

INDIAN OIL CORPORATION

Bonds Issue

INR 10,000 mn

Bonds Issue

INR 10,000 mn

FY 05-06


FY 05-06


Bonds Issue

INR 25,443 mn

Bonds Issue

INR 25,443 mn

11

KEY PLACEMENTS KEY PLACEMENTS –– BOND ISSUES IVBOND ISSUES IV


FY 04-05

INFRASTRUCTURE DEVELOPMENT & FINANCE COMPANY LTD.

FY 04-05

INFRASTRUCTURE DEVELOPMENT & FINANCE COMPANY LTD.

Bonds Issue

INR 2,000 mn

Bonds Issue

INR 2,000 mn

FY 04-05

ANDHRA PRADESH POWER FINANCE CORPORATION

FY 04-05

ANDHRA PRADESH POWER FINANCE CORPORATION

Bonds Issue

INR 5,190 mn

Bonds Issue

INR 5,190 mn

FY 04-05

JAIPRAKASH ASSOCIATES LTD.

FY 04-05


Structured NCD Issue

INR 4,000 mn


INR 4,000 mn

FY 04-05

TATA TELESERVICES LTD.

FY 04-05

TATA TELESERVICES LTD.


INR 9,700 mn


INR 9,700 mn


INR 6,000 mn


INR 6,000 mn

FY 04-05

TATA POWER COMPANY LTD.

FY 04-05

TATA POWER COMPANY LTD.

12

EQUITY EQUITY –– PRODUCTS & SERVICES BOUQUETPRODUCTS & SERVICES BOUQUET


� Public / Rights Issues

� Advisory for Convertibles (FCCB / GDR / ADR)

� Private Equity Placement / Mergers & Acquisition Ad visory

� Shares Buy-back

� Valuations

SERVICE OFFERINGS

� Drafting of Red Herring Prospectus after thorough d ue diligence as per SEBI (DIP) Guidelines

� Compliance at various stages to meet SEBI / Stock E xchanges’ requirements and other statutory authorities

EXECUTION CAPABILITIES

� Strong placement capabilities with institutions viz . Insurance Companies, FIs, Banks, MFs & FIIs in European and Asia-Pacific Financial Hubs

� Wide Geographical Reach with more than 350 branches / offices spread across 150 locations in India

PLACEMENT CAPABILITIES

MORE THAN A DECADE OF EXPERIENCE IN

MANAGED EQUITY / EQUITY LINKED ISSUES AGGREGATING OVER INR 30 BILLION

13

CONVERTIBLESCONVERTIBLES

Financial Advisor

Euro 165 mn

Financial Advisor

Euro 165 mn

March, 2006


Foreign Currency Convertible Bonds

March, 2006




March, 2006

GUJARAT NRE COKE LTD.


March, 2006



Financial Advisor

USD 60 mn

Financial Advisor

USD 60 mn

May, 2006

KANORIA CHEMICALS IND LTD


May, 2006

KANORIA CHEMICALS IND LTD


Financial Advisor

USD 20 mn

Financial Advisor

USD 20 mn

July, 2006

GENUS OVERSEAS ELECTRONICS LTD


July, 2006

GENUS OVERSEAS ELECTRONICS LTD


Financial Advisor

USD 7.5 mn

Financial Advisor

USD 7.5 mn

September, 2006

SHAH ALLOYS LTD


September, 2006

SHAH ALLOYS LTD


Financial Advisor

USD 10 mn

Financial Advisor

USD 10 mn

� Assistance in Issue Structuring

� Assistance in due diligence and preparation of the Offering Circular

� Appointment of various intermediaries

CONVERTIBLES ADVISORY

October, 2006

BHAGYANAGAR INDIA LTD


October, 2006

BHAGYANAGAR INDIA LTD


Financial Advisor

USD 15 mn

Financial Advisor

USD 15 mn

14

CONVERTIBLESCONVERTIBLES


April, 2005

MERCATOR LINES LTD.


April, 2005

MERCATOR LINES LTD.


Financial Advisor

USD 60 mn

Financial Advisor

USD 60 mn

September, 2005

AMTEK INDIA LTD.


September, 2005

AMTEK INDIA LTD.


Financial Advisor

USD 100 mn

Financial Advisor

USD 100 mn

December, 2005

BILCARE LTD.


December, 2005

BILCARE LTD.


Financial Advisor

USD 50 mn

Financial Advisor

USD 50 mn

Financial Advisor

USD 100 mn

Financial Advisor

USD 100 mn

February, 2005



February, 2005



March, 2005



March, 2005



Financial Advisor

USD 55 mn

Financial Advisor

USD 55 mn

April, 2005

AMTEK AUTO LTD.


April, 2005

AMTEK AUTO LTD.


Financial Advisor

USD 150 mn

Financial Advisor

USD 150 mn

15

IPOs / RIGHTS / GDRIPOs / RIGHTS / GDR


� Due diligence exercise� Preparation of Offer Documents� Advising on legal / regulatory matters

ISSUE MANAGEMENT SERVICES

� Liasoning with statutory authorities� Active marketing of the issue

March, 2005

LORD KRISHNA BANK LTD.

Rights Issue

March, 2005

LORD KRISHNA BANK LTD.

Rights Issue

Lead Manager

INR 453 mn

Lead Manager

INR 453 mn

November, 2005

BOMBAY RAYON FASHION LTD.

Initial Public Offering

November, 2005

BOMBAY RAYON FASHION LTD.


Book Running Lead Manager

INR 940 mn


INR 940 mn


INR 5,760 mn


INR 5,760 mn

March, 2005

JAIPRAKASH HYDROPOWER LTD.


March, 2005



December, 2005

ELECTROSTEEL CASTINGS LTD.

Global Depository Receipts

December, 2005

ELECTROSTEEL CASTINGS LTD.

Global Depository Receipts

Financial Advisor

USD 40 mn

Financial Advisor

USD 40 mn

February, 2006

NITCO TILES LTD.


February, 2006

NITCO TILES LTD.



INR 1,680 mn


INR 1,680 mn

October, 2006

JHS SVENDGAARD

LABORATORIES LTD.


October, 2006

JHS SVENDGAARD

LABORATORIES LTD.



INR 390 mn


INR 390 mn

7 IPOs under process covering textile, IT, Pharma/Biotech & Real Estate

16

PRIVATE EQUITY & VALUATIONPRIVATE EQUITY & VALUATION


� Due diligence exercise� Advising on Legal / Regulatory Matters� Valuations

� Negotiations & Deal Structuring� Liasoning with statutory authorities

Financial AdvisorFinancial Advisor

August, 2005

WEST BENGAL INDUSTRIAL DEVELOPMENT CO. LTD.

Valuation of Damodar Cement & Slag Ltd.

August, 2005

WEST BENGAL INDUSTRIAL DEVELOPMENT CO. LTD.

Valuation of Damodar Cement & Slag Ltd.

December, 2005

SURYALAKHSMI COTTON MILLS LTD.

Private Equity Placement

December, 2005

SURYALAKHSMI COTTON MILLS LTD.


Advisor & ArrangerAdvisor & Arranger

September, 2005


Valuation of UP State Cement Corporation Ltd.

September, 2005


Valuation of UP State Cement Corporation Ltd.

Financial AdvisorFinancial AdvisorFinancial AdvisorFinancial Advisor

March, 2006

ANDHRA PRADESH PAPER MILLS LTD

Valuation of Equity Shares

March, 2006

ANDHRA PRADESH PAPER MILLS LTD


March, 2006

INDO SHELL MOULD LIMITED.


March, 2006

INDO SHELL MOULD LIMITED.


Advisor & ArrangerAdvisor & Arranger

February, 2006

MAA TELEVISION NETWORK LTD.


February, 2006

MAA TELEVISION NETWORK LTD.



8 Private Equity and 1 M&A assignments under process covering covering Real Estate, Power, Fin. Services, Infrastructure, etc.

17

SECTOR COVERAGESECTOR COVERAGE


18

INFRASTRUCTURE: ROADS & RAILWAYSINFRASTRUCTURE: ROADS & RAILWAYS


� Feasibility Studies

� PPP Options & Implementation

� Contracts Negotiation

� Advising on Debt / Equity Sources

� Structured Financing Solutions

� Debt Arranging / Equity Placement

Ongoing

BANGALORE METRO RAIL CORPORATION LTD.

Metro Rail Project

Ongoing

BANGALORE METRO RAIL CORPORATION LTD.

Metro Rail Project

Financial Advisory & Debt / Equity Arranging

Project Cost: INR 60,000 mn

Financial Advisory & Debt / Equity Arranging


Ongoing

ADANI LOGISTICS LTD.

Container Train Operations

Ongoing

ADANI LOGISTICS LTD.

Container Train Operations

Financial Advisory & Arranging




Ongoing

NATIONAL HIGHWAYS AUTHORITY OF INDIA

Ongoing

NATIONAL HIGHWAYS AUTHORITY OF INDIA

Consultant Structuring & Bid Process for

Seven NH Stretches

Consultant Structuring & Bid Process for

Seven NH Stretches

August, 2006

ORIENTAL PATHWAYS (INDORE) PVT. LTD.

BOT Toll Road

August, 2006

ORIENTAL PATHWAYS (INDORE) PVT. LTD.

BOT Toll Road


Project Cost: INR 5200 mn



August, 2006

ORIENTAL PATHWAYS (AGRA) PVT. LTD.

BOT Toll Road

August, 2006

ORIENTAL PATHWAYS (AGRA) PVT. LTD.

BOT Toll Road


Term Debt: INR 1680 mn


Term Debt: INR 1680 mn

July, 2006

DINDIGUL SAMAYANALLUR TOLL ROAD LTD.

BOT Toll Road

July, 2006

DINDIGUL SAMAYANALLUR TOLL ROAD LTD.

BOT Toll Road

Sole ArrangerProject Cost: INR 4,150 mn


19











July, 2006

NAMAKKAL-KARUR TOLL ROAD LTD.

BOT Toll Road

July, 2006

NAMAKKAL-KARUR TOLL ROAD LTD.

BOT Toll Road

April, 2006

GMR AMBALA CHANDIGARH EXPRESSWAYS PVT. LTD.

BOT Toll Road

April, 2006

GMR AMBALA CHANDIGARH EXPRESSWAYS PVT. LTD.

BOT Toll Road





Structured Financing AdvisoryTransaction Size:INR 8,700 mn

Structured Financing AdvisoryTransaction Size:INR 8,700 mn

March, 2006

NANDI ECONOMIC CORRIDOR ENTERPRISES LTD.(Phase-I)

Toll Road & Real Estate Project

March, 2006

NANDI ECONOMIC CORRIDOR ENTERPRISES LTD.(Phase-I)

Toll Road & Real Estate Project

May, 2005

GMR TAMBARAM TINDIVANAM EXPRESSWAYS PVT. LTD.Annuity Road Project

May, 2005

GMR TAMBARAM TINDIVANAM EXPRESSWAYS PVT. LTD.Annuity Road Project

Structured Financing Advisory Transaction Size: INR 4,901 mn


June, 2005

GMR TUNI ANAKAPALLI EXPRESSWAYS PTV. LTD.

Annuity Road Project

June, 2005

GMR TUNI ANAKAPALLI EXPRESSWAYS PTV. LTD.

Annuity Road Project



January, 2005

DSC VICON VENTURES LTD.

Durg – Raipur BOT Toll Road

January, 2005

DSC VICON VENTURES LTD.

Durg – Raipur BOT Toll Road





20













April, 2003

JAYPEE DSC VENTURES LTD.

Delhi-Gurgaon Access Controlled Highway

April, 2003

JAYPEE DSC VENTURES LTD.

Delhi-Gurgaon Access Controlled Highway

July, 2003

VIRAMGAM MAHESANA PROJECTS LTD.

Broad Gauge Conversion –Annuity based

July, 2003

VIRAMGAM MAHESANA PROJECTS LTD.

Broad Gauge Conversion –Annuity based





December, 2004

MUMBAI RAIL VIKAS CORPORATION LTD.

Study for Headway Improvement Project

December, 2004

MUMBAI RAIL VIKAS CORPORATION LTD.

Study for Headway Improvement Project

Financial & Economic Analysis


Financial & Economic Analysis


21

INFRASTRUCTURE: MARITIMEINFRASTRUCTURE: MARITIME








Ongoing

SETHUSAMDURAM CORPORATION LTD.

Sethusamudram Ship Channel Project

Ongoing

SETHUSAMDURAM CORPORATION LTD.

Sethusamudram Ship Channel Project

Financial Advisory & ArrangingProject Cost: INR 24,574 mn


August, 06

KARAIKAL PORT PVT. LTD.

Development of Deep Water Port at Karaikal Enclave of Pondicherry

August, 06

KARAIKAL PORT PVT. LTD.

Development of Deep Water Port at Karaikal Enclave of Pondicherry



July, 2006

KAKINADA SEAPORTS LTD.

Further Development of Kakinada

Deep Water Port

July, 2006

KAKINADA SEAPORTS LTD.

Further Development of Kakinada

Deep Water Port

Advisor & ArrangerProject Cost: INR 3,300 mn

Advisor & ArrangerProject Cost: INR 3,300 mn

Ongoing

TAMIL NADU MARITIME BOARD

Development of Cuddalore Port through PSP

Ongoing

TAMIL NADU MARITIME BOARD

Development of Cuddalore Port through PSP

Technical Assistance ProviderTechnical Assistance Provider

Ongoing

JAWAHARLAL NEHRU PORT TRUST

Development of 330 m long berth –Feasibility Study &Bid Process Management

Ongoing

JAWAHARLAL NEHRU PORT TRUST

Development of 330 m long berth –Feasibility Study &Bid Process Management

Advisors Advisors

September, 2006

KRISHNAPATNAM PORT COMPANY LTD.

Development of Deep Water Port

September, 2006

KRISHNAPATNAM PORT COMPANY LTD.

Development of Deep Water Port





22

INFRASTRUCTURE: MARITIMEINFRASTRUCTURE: MARITIME








November, 2005

SOUTH WEST PORT LTD.

Development of Multi-purpose Bulk Cargo Berth at Mormugao

November, 2005

SOUTH WEST PORT LTD.

Development of Multi-purpose Bulk Cargo Berth at Mormugao

Financial Advisory


Financial Advisory


Investment Advisory


Investment Advisory


June, 2003

NATIONAL MINERAL DEVELOPMENT CORP. LTD.

Dhamra Port

June, 2003


Dhamra Port

June, 2005

MERCATOR LINES LTD.

Acquisition of VLCC’s

June, 2005

MERCATOR LINES LTD.

Acquisition of VLCC’s

Advisor & ArrangerAcquisition Cost: INR 5,600 mn

Advisor & ArrangerAcquisition Cost: INR 5,600 mn

23

INFRASTRUCTURE: AIRPORTSINFRASTRUCTURE: AIRPORTS




� Revenue Enhancement Solutions


� Project Appraisal & Structuring

� Advising on Debt / Equity Tying

Ongoing

AIRPORTS AUTHORITY OF INDIA

Bhubaneshwar Airport

Ongoing


Bhubaneshwar Airport

Techno-Economic Feasibility Report

Consultancy


Consultancy

Ongoing


Coimbatore Airport

Ongoing


Coimbatore Airport


Consultancy


Consultancy


Consultancy


Consultancy

Ongoing


Patna Airport

Ongoing


Patna Airport

Ongoing


Port Blair Airport

Ongoing


Port Blair Airport


Consultancy


Consultancy

Ongoing


Varanasi Airport

Ongoing


Varanasi Airport


Consultancy


Consultancy

Ongoing


Juhu Airport

Ongoing


Juhu Airport


Consultancy


Consultancy

24

INFRASTRUCTURE: AIRPORTSINFRASTRUCTURE: AIRPORTS








June, 2005


Madurai Airport

June, 2005


Madurai Airport


Consultancy


Consultancy

June, 2005


Trivandrum International Airport

June, 2005


Trivandrum International Airport


Consultancy


Consultancy

June, 2005


Lucknow Airport

June, 2005


Lucknow Airport


Consultancy


Consultancy

June, 2005


Mangalore Airport

June, 2005


Mangalore Airport


Consultancy


Consultancy


Consultancy


Consultancy

June, 2005


Goa International Airport

June, 2005


Goa International Airport

July, 2005

MUMBAI INTERNATIONAL AIRPORT PVT. LTD.Modernization of Mumbai International Airport

July, 2005

MUMBAI INTERNATIONAL AIRPORT PVT. LTD.Modernization of Mumbai International Airport

Financial Advisory & ArrangingFinancial Advisory & Arranging

25

INFRASTRUCTURE: ENERGYINFRASTRUCTURE: ENERGY


Ongoing

BHILANGANA HYDRO POWER LTD. (POLYPLEX GROUP)

24 MW Hydel Power Project

Ongoing

BHILANGANA HYDRO POWER LTD. (POLYPLEX GROUP)

24 MW Hydel Power Project

Advisor & Arranger

Quantum: INR 1,900 mn

Advisor & Arranger


Advisor & Co-Arranger

Debt Quantum: INR 6,000 mn

Advisor & Co-Arranger

Debt Quantum: INR 6,000 mn

Ongoing

JINDAL SOUTH WEST ENERGY LTD.

Development of 3 Power Projects

Ongoing

JINDAL SOUTH WEST ENERGY LTD.

Development of 3 Power Projects

Ongoing

HIMACHAL SORANG POWER PRIVATE LTD.

2 x 50 MW Hydel Power Plant

Ongoing

HIMACHAL SORANG POWER PRIVATE LTD.

2 x 50 MW Hydel Power Plant

Advisor & Arranger


Advisor & Arranger


Ongoing

EMCO ENERGY LTD.

135 MW Thermal Power Plant

Ongoing

EMCO ENERGY LTD.

135 MW Thermal Power Plant

Advisor & Arranger


Advisor & Arranger


26



August, 2004


300 MW Hydel Project: Financial Re-structuring for Tariff Reduction

August, 2004


300 MW Hydel Project: Financial Re-structuring for Tariff Reduction

Advisor & Arranger


Advisor & Arranger


Advisor & Arranger


Advisor & Arranger


December, 2003

JINDAL THERMAL POWER COMPANY LTD.

260 MW-IPP: Debt Restructuring

December, 2003

JINDAL THERMAL POWER COMPANY LTD.

260 MW-IPP: Debt Restructuring

January, 2004

JSW POWER LTD.

2 x 100 MW Thermal Power Plant

January, 2004

JSW POWER LTD.

2 x 100 MW Thermal Power Plant

Advisor & Arranger


Advisor & Arranger


April, 2004

CESC LTD.

Power Generation & Distribution Utility: Debt Re-structuring

April, 2004

CESC LTD.

Power Generation & Distribution Utility: Debt Re-structuring

Advisor & Arranger


Advisor & Arranger


May, 2005

GVK INDUSTRIES LTD.

220 MW Gas Based Power Project Extension: Reduction of Interest Cost

May, 2005

GVK INDUSTRIES LTD.

220 MW Gas Based Power Project Extension: Reduction of Interest Cost

Advisor & Arranger


Advisor & Arranger


27



January, 2005

OIL & NATURAL GAS CORPORATION LTD.

Feasibility Study for Coal Bed Methane Extraction Project

January, 2005


Feasibility Study for Coal Bed Methane Extraction Project

AdvisorAdvisor

Advisor & Arranger


Advisor & Arranger


Ongoing

HINDUSTAN OIL EXPLORATION COMPANY LTD.

PY-1 Gas Field Development

Ongoing


PY-1 Gas Field Development

October, 2005


Financial Feasibility Study for Wind Power Project

October, 2005


Financial Feasibility Study for Wind Power Project

AdvisorAdvisorAdvisor & Arranger

Term Debt: INR 1,700 mn

Advisor & Arranger

Term Debt: INR 1,700 mn

March, 2006


Securitization of Receivables fromPY-3 & Palej Fields

March, 2006


Securitization of Receivables fromPY-3 & Palej Fields

April, 2006

OIL & NATURAL GAS CORPORATION LTD.Financial Feasibility Study for Redevelopment of Heera & South Heera Fields

April, 2006

OIL & NATURAL GAS CORPORATION LTD.Financial Feasibility Study for Redevelopment of Heera & South Heera Fields

AdvisorAdvisor

Ongoing

CENTRAL ELECTRICITY SUPPLY COMPANY OF ORISSA LTD.

Power Distribution Utility

Ongoing

CENTRAL ELECTRICITY SUPPLY COMPANY OF ORISSA LTD.

Power Distribution Utility

Advisor for Bid Process Management

Advisor for Bid Process Management

28

OTHER MAJOR PROJECTSOTHER MAJOR PROJECTS








June, 2006

MAHAMUMBAI SPECIAL ECONOMIC ZONE

Development of SEZ

June, 2006

MAHAMUMBAI SPECIAL ECONOMIC ZONE

Development of SEZ

Advisor & Arranger


Advisor & Arranger


February, 2004

PHILLIPS CARBON BLACK LTD.

Capacity Expansion with Power Co-generation

February, 2004

PHILLIPS CARBON BLACK LTD.

Capacity Expansion with Power Co-generation

Advisor & Arranger

Project Cost: INR 943.2 mn

Advisor & Arranger


Investment Appraisal




November, 2003


Development of Kumaraswamy Iron Ore Mines

November, 2003


Development of Kumaraswamy Iron Ore Mines

January, 2005


Development of Bailadila Iron Ore Mines

January, 2005


Development of Bailadila Iron Ore Mines





March, 2006

NAVI MUMBAI SPECIAL ECONOMIC ZONE

Development of SEZ

March, 2006

NAVI MUMBAI SPECIAL ECONOMIC ZONE

Development of SEZ

Advisor & Arranger


Advisor & Arranger


April, 2005

ABAN LLOYD CHILES OFFSHORE LTD.

Acquisition of Rigs

April, 2005

ABAN LLOYD CHILES OFFSHORE LTD.

Acquisition of Rigs

AdvisorAdvisor

29

STEEL & ALLIEDSTEEL & ALLIED




� Financial Restructuring


Ongoing

NEELACHAL ISPAT NIGAM LTD.

Financial Restructuring Programme

Ongoing

NEELACHAL ISPAT NIGAM LTD.

Financial Restructuring Programme

Advisor & Arranger


Advisor & Arranger


August, 2004

ESSAR STEEL LTD.

Brownfield Expansion of HRC Facility & Debt Restructuring

August, 2004

ESSAR STEEL LTD.

Brownfield Expansion of HRC Facility & Debt Restructuring

Merchant Appraisal


Merchant Appraisal


February, 2006


Greenfield Project

February, 2006


Greenfield Project

Advisor


Advisor


Advisor & Arranger


Advisor & Arranger


May, 2004


Greenfield Project for manufacture of Law Ash Metallurgical Coke

May, 2004



September, 2004

BHARAT NRE COKE LTD.


September, 2004

BHARAT NRE COKE LTD.


Advisor & Arranger


Advisor & Arranger


Ongoing


Bid Process Management for setting up a Iron & Steel Plant

Ongoing


Bid Process Management for setting up a Iron & Steel Plant

AdvisorAdvisor

30

PULP & PAPERPULP & PAPER






August, 2004

JK PAPER LTD.

Debt Refinancing

August, 2004

JK PAPER LTD.

Debt Refinancing





December, 2005

HINDUSTAN PAPER CORPORATION LTD.

Financial Appraisal of Greenfield Pulp & Paper Mill Project

December, 2005

HINDUSTAN PAPER CORPORATION LTD.

Financial Appraisal of Greenfield Pulp & Paper Mill Project

Advisor


Advisor


July, 2005

HINDUSTAN NEWSPRINTS LTD.

Financial Appraisal of Expansion cum Diversification Project

July, 2005

HINDUSTAN NEWSPRINTS LTD.

Financial Appraisal of Expansion cum Diversification Project

Advisor


Advisor



May, 2005

NAGALAND PULP & PAPER COMPANY LTD.

Revival Planning

May, 2005

NAGALAND PULP & PAPER COMPANY LTD.

Revival Planning

April, 2006

MALU PAPER MILLS LTD.

Expansion Project

April, 2006

MALU PAPER MILLS LTD.

Expansion Project

Advisor & Arranger


Advisor & Arranger


31

CEMENTCEMENT






December, 2004

OCL INDIA LTD.

Expansion Project

December, 2004

OCL INDIA LTD.

Expansion Project

Arranger

Quantum: INR 300 mn

Arranger

Quantum: INR 300 mn

March, 2006


Expansion Project

March, 2006


Expansion Project

Arranger

Quantum: INR 500 mn

Arranger

Quantum: INR 500 mn

Arranger


Arranger


December, 2004

DALMIA CEMENT BHARAT LTD.

Expansion Project

December, 2004

DALMIA CEMENT BHARAT LTD.

Expansion Project

October, 2005

BINANI CEMENT LTD.

Expansion Project

October, 2005

BINANI CEMENT LTD.

Expansion Project

Arranger

Quantum: INR 700 mn

Arranger

Quantum: INR 700 mn

June, 2005


UP Cement Plant – Acquisition Advisory

June, 2005


UP Cement Plant – Acquisition Advisory

AdvisorAdvisor

32

TEXTILESTEXTILES





� Technology Upgradation Fund Scheme (TUFS) Eligibility Appraisals

Advisor & Arranger

Project Cost: INR 1,617.5 mn

Advisor & Arranger


September, 2005

BOMBAY RAYON & FASHIONS LTD.Expansion cum Backward & Forward Integration Project

September, 2005

BOMBAY RAYON & FASHIONS LTD.Expansion cum Backward & Forward Integration Project

March, 2006

ALOK INDUSTRIES LTD.

Expansion Project

March, 2006

ALOK INDUSTRIES LTD.

Expansion Project

Advisor & Arranger


Advisor & Arranger


May, 2006

ABHISHEK MILLS LTD.

Expansion Project

May, 2006

ABHISHEK MILLS LTD.

Expansion Project

Advisor & Arranger


Advisor & Arranger


March, 2006

INDOCOUNT INDUSTRIES LTD.

Expansion Projects(Phase – I & II)

March, 2006

INDOCOUNT INDUSTRIES LTD.

Expansion Projects(Phase – I & II)

Advisor & Arranger


Advisor & Arranger


October, 2005

SPENTEX INDUSTRIES LTD.

Capacity Expansion Project

October, 2005

SPENTEX INDUSTRIES LTD.

Capacity Expansion Project

Advisor & Arranger


Advisor & Arranger


Ongoing

WINSOME TEXTILES LTD.

Expansion cum Modernization Project

Ongoing

WINSOME TEXTILES LTD.

Expansion cum Modernization Project

Advisor & Arranger


Advisor & Arranger


33

CORPORATE ADVISORYCORPORATE ADVISORY


� Viability Studies

� Reform Option Studies

� Operational / Business Re-organization


August, 2005

GREENPLY INDUSTRIES LTD.

Expansion Project

August, 2005

GREENPLY INDUSTRIES LTD.

Expansion Project

Advisor & Arranger


Advisor & Arranger


April, 2006

MANGALORE REFINERY & PETROCHEMICALS LTD.

Upgradation & enhancement of Refinery Capacity to 15 MMTPA

April, 2006

MANGALORE REFINERY & PETROCHEMICALS LTD.

Upgradation & enhancement of Refinery Capacity to 15 MMTPA

Financial Advisory

Project Cost: INR 80 bn

Financial Advisory

Project Cost: INR 80 bn

August, 2005

MYSORE SUGAR COMPANY LTD.

Revival & Restructuring Plan Assessment on behalf of Lenders

August, 2005

MYSORE SUGAR COMPANY LTD.

Revival & Restructuring Plan Assessment on behalf of Lenders

AdvisorAdvisorAdvisorAdvisor

March, 2005

ORISSA STATE FINANCIAL CORPORATION LTD.

Financial Restructuring

March, 2005

ORISSA STATE FINANCIAL CORPORATION LTD.

Financial Restructuring

34

CORPORATE ADVISORYCORPORATE ADVISORY


� Viability Studies

� Reform Option Studies

� Operational / Business Re-organization


May, 2004

HMT LTD.

Diagnostic Study

May, 2004

HMT LTD.

Diagnostic Study

AdvisorAdvisor

March, 2005

RAJASTHAN FINANCIAL CORPORATION LTD.

Business Restructuring

March, 2005

RAJASTHAN FINANCIAL CORPORATION LTD.

Business Restructuring

AdvisorAdvisor

March, 2005

ANDHRA PRADESH CO-OP. MARKETING FEDERATION LTD.

Reform Options Study

March, 2005

ANDHRA PRADESH CO-OP. MARKETING FEDERATION LTD.

Reform Options Study

AdvisorAdvisor

April, 2003

ANDHRA PRADESH DAIRY DEVELOPMENT CO-OP. FEDERATION LTD.Reform Options Study

April, 2003

ANDHRA PRADESH DAIRY DEVELOPMENT CO-OP. FEDERATION LTD.Reform Options Study

AdvisorAdvisor

35

TRUSTEESHIP BUSINESS TRUSTEESHIP BUSINESS -- ACTIVITIESACTIVITIES


MONITORING AGENCY

VANILLA

GUARANTEE TRA /ESCROWMECHANISM

BUSINESS RECEIVABLES &/ COLLATERAL SECURITY

STRUCTURED

DEBENTURE BONDS(NCDs / FCDs / OCDs /

SECURED FCCBs

TERM LOANS ECB

LOANS(FACILITY AGENT / SECURITY AGENT)

RESTRUCTURED DEBT

DEBT

ABS & LOANS

SECURITISATION

TRUSTEES

ACTIVITIES CHART

SCOPE OF SERVICES� Debenture / Bond Trusteeship� Security Trusteeship� Securitisation� Facility Agent Services� Monitoring Agency Services� Escrow Agent Services

36

TRUSTEESHIP BUSINESS TRUSTEESHIP BUSINESS -- ACTIVITIESACTIVITIES


Noida Toll BridgeAircel Ltd.

BPL Mobile Communication Ltd.Tata Petrodyne Ltd.

HUDCONHPC

Rural Electrification CorporationNational Textiles Corporation

GMR InfrastructureJaiprakash Associates

SREI Infra Ltd.GE GroupCiti Group

Rabo India Pvt. Ltd.Reliance GroupArvind Mills Ltd.

Ultratech Cemco Ltd.Indusind BankTata Finance

Kotak Mahindra Ltd.Standard Chartered Bank

PRESENTLY SERVICING OVER 150 CORPORATES INCLUDING

148

358

462

636 668713

0

100

200

300

400

500

600

700

800

2000-01 2001-02 2002-03 2003-04 2004-05 2005-06

BUSINESS GROWTH

FMO, Netherlands (Nederlandse Financierngs – Maatschappij Voor

Ontwikkelingslanden N.V.)

IFC Washington

Nordic Investment Bank (NIB)

CitiBank N.A.

Export Import Bank of United States

OFFSHORE CLIENTS

Export Development Canada

Lehman Brothers Commercial

Corporation Asia Ltd.

KFW Germany

AKA Ausfuhrkredit-GesellschaftMBH - Germany

37

� Market leader in debt syndication with a proven tra ck record

� For FY 2005-06, debt syndication / placement of ove r INR 450 Billion

� Experienced, Professionally Qualified Teams

� Widespread Network

� Comprehensive Solutions

� Strategic Alliances to complement “In-House” skills

OUR STRENGTHSOUR STRENGTHS
