Incredible Engineering

Engineering Ltd.
“Incredible Engineering”
Who We Are: An ISO 9001:2000 company, our prestigious works span tunnelling,
refineries, industrial projects, roads, bridges, residential and commercial complexes,
hotels and leisure establishments.
Vision: Build world class infrastructure with passion and innovation

to make human life comfortable.
Mission: To enhance infrastructure in India and around the world by using our
experience and unique technological capabilities and creating opportunities for
people. Engage in the business of construction including developing of land,
constructing and marketing of the same, with an intention of serving the society and
community in general with total dedication, commitment, and focused purpose while
maintaining the highest standards of excellence.
Our performance: Despite the adverse economic conditions, your company

continued to maintain a healthy pace of growth in the order book position. During the
financial year 2008-09, the bagged significant orders in excess of Rs. 30,000 million.
The order book as on March 31, 2010 stands more than Rs. 72,000 million. In
addition, your company has been declared as the lowest bidder for works more than
Rs. 25,000 million
Financials:
Balance Sheet
------------------- in Rs. Cr. -------------------
Sources of Fund Mar '07 Mar '08 Mar '09

Total Share Capital 5.97 5.97 5.97
Equity Share Capital 5.97 5.97 5.97
Share Application Money 0.00 0.00 0.00
Preference Share Capital 0.00 0.00 0.00
Reserves 697.20 838.23 972.90
Revaluation Reserves 0.00 0.00 0.00
Net worth 703.17 844.20 978.87
Secured Loans 273.37 332.66 622.24
Unsecured Loans 51.13 325.21 398.22
Total Debt 324.50 657.87 1,020.46
Total Liabilities 1,027.67 1,502.07 1,999.33
Profit & Loss Account Statement
----------------in Rs. Cr.----------------------
Mar’06 Mar’07 Mar’08
Income
464.4 6
Sales Turnover 1,014.46
2 86.32
Excise Duty 0.00 0.00 0.00
464.4
Net Sales 686.32 1,014.46
2
Other Income 18.98 17.71 35.02
Stock Adjustments 65.08 116.63 75.09
548.4
Total Income 820.66 1,124.57
8
Expenditure
Raw Materials 66.54 109.40 236.93
Power & Fuel Cost 3.12 2.02 26.23
Employee Cost 14.97 20.46 28.86
345.8
Other Manufacturing Expenses 500.81 600.75
2
Selling and Admin Expenses 20.95 41.17 32.22
Miscellaneous Expenses 11.46 20.28 23.33
Preoperative Exp Capitalised 0.00 0.00 0.00
462.8
Total Expenses 694.14 948.32
6
Operating Profit 141.23 211.50 257.59

Operations and Business:
The Company continues to see a profitable growth in the financial year 2009-10 for
the year ended March 31, 2009; the Company earned a total income of Rs.
13348.97 million, an increase of 20.93% over the previous year’s Rs. 11038.65
million. As per the Consolidated Accounts the total income was Rs. 18633.30
million, an increase of 43.36 % over the previous year’s Rs. 12997.63 million.
The net profit of the company for the year increased to Rs. 1476.14 million As
compared to Rs. 1101.28 million in the previous year. As per the Consolidated
Accounts the net profit for the year was Rs. 1519.05 million as compared to Rs.
1130.10 million in 2006-07.
Future Growth Prospects:

 Despite a low 5.8 % growth rate during the last quarter of the fiscal and the
manufacturing sector recording a dismal performance, India managed a 6.7 %
economic growth rate in 2008-09. In an environment where other economies
have shrunk, the Indian growth bears testimony to the immense strength of its
domestic demand.
 Aggressive fiscal and monetary measure measures to ensure that the Gross
Domestic Product (GDP) maintains a minimum 7-8 % growth rate.
 With pro-active policy statements on infrastructure investment and positive

trends in both, debt and equity markets, our company will continue to
participate in the strategic infrastructure segments such as irrigations, tunnels
and urban infrastructure projects. Similarly, we have retained our focus on
high margin sector as hydropower plant construction, with an emphasis on
increasing average order size to enhance economies of operating scale.
Given the healthy margin they deliver, these sectors will continue to be the
bread and butter business.
 To complement our leadership position in the civil and infrastructure
engineering, we are establishing two new verticals in the Power and Real
Estate space.
 We are also in the process of setting up a hydro power plant, with a capacity
of 120 MW. As asset owners, these projects will be remunerative to us on
continuous basis. The company has a sizeable land bank, built up over the
years. We propose to selectively monetize a part of the land holdings, an
channel the revenue back into asset ownership. The first phases of real estate
development venture involve projects in Mumbai and in Bangalore, where we
have approvals for setting up Special Economic Zones.
 While the domestic economy is replete with opportunities, we believe that

growth will accrue not just from India but also equally from other geographies.
We are seeking to establish meaningful presence in the overseas market,
through projects as well complementary acquisitions. We already have in
place a fully functional network of offices in USA, Africa, Indonesia and
Mauritius.

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Engineering Ltd.

Vision: Build world class infrastructure with passion and innovation

Our performance: Despite the adverse economic conditions, your company

------------------- in Rs. Cr. -------------------

Sources of Fund Mar '07 Mar '08 Mar '09

Profit & Loss Account Statement

----------------in Rs. Cr.----------------------

Mar’06 Mar’07 Mar’08

Operating Profit 141.23 211.50 257.59

Future Growth Prospects:

 With pro-active policy statements on infrastructure investment and positive

 While the domestic economy is replete with opportunities, we believe that

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