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) EMPLOYEES' PROVIDENT FUND O~GANISATION

)

NEWDELID

82nd Meeting of the '

) FINANCE AND INVESTMENT COMMITTEE[CENTRAL BOARD OF TRUSTEES, EMPLOYEES' :PROVIDENT FUND]

onI

3rd December, 2005 at !l.bo A.M.

VENUE:State Bankof IndiaCorporate Centre.Confere~e Room.11th Floor. State Bank Bhawan.Madam dama Road.Nariman iPoint,Mumbai 1 400 0021

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iJJ 01"1 M'~ l~~-fkc{(;.~37'~I~UTf-S-CONTENTS

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Item Description Page No.No.

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1. Confirmation of the Minutes of the 81st Meeting of ~. }-4the Finance and Investment Committee held on 27-7-2005 at New Delhi respectively.

.•2. Statement showing the action taken on the 5-12~

recommendations of the committee.

3. Review of Investment in respect of Provident Fund, 126-159Pensiori Fund, EDLI Fund. Staff Provident Fund andStaff Pension-cum-Gratuity Fund.

4. Status Note Regarding Appointment of MERqER as 160-162Investment Consultant for the EPFO.

5. Actuarial valuation of Staff Pension cum Gratuity 163-164Fund.

6. Revised Investment Pattern 165-179

7. Revised Estimates for 2005-06 and Budget Estimates 180for 2006-07.

8. Any other item with the permission of the Chair.

Item No.1 Confirmation of the Minutes of the 81 st ,Meeting of the Financeand Investment Committee held- on 27-7-aOOS -at New Delhi.

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Minutes of the 81st meeting of Finance and Investment Committee were circulated vide

letter no. Invest. 111(8151 ) F.& I Meeting/2005/ 51302- 07 dated 16t09.05 . Cbpy of the minutes is

enclosed (Annexure-A).

-The Committee may confirm the minutes of the 8151 meeting held on 27.07.05. ••

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• !--DRAFT MINUTES OF THE 81at MEETING OF THE)=INANCE AND

INVESTMENT (F&I) COMMITTEE, CBT, EPF, HELD INI THE CONFERENCEROOM, EPFO~HEAD OFFICE, NEW DELHI AT3:00_P.~. ON 27.07.2005 . (~

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The Ell st meeting of the Finance and Investment committee, Central Boareof Trustees, Employees' Provident Fund was held on ?7th July,200S in theConference Room, EPFO Head Office, New Delhi at 3:00 p.m, The meeting waschaired by Smt. Rama Murali, ]S & FA, Ministry of Labbur and Employment,Government of India. : •.- ,11>The following were present in the meeting:

(a) Members of the F8r.ICommittee

Shri W.R. Varada Rajan, Member (Employee RePresentative)Shri A. Venkatram, Member (- do -) .Shri Ram Tameja, Member (Employer Reptesentative)Shri J.P. Chowdhary, Member (- do -) ,Shri Anirudh Rai, FA& CAOand CPFC,Convenor

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(b) Special Invitees

Shri M.L. Meena, Addl CPFC(Pension), EPFO(HQ)Shri Kalyan Chand, Addl CPFC(HRM), EPFO(HQ)Shri S.K. Khanna, Addl CPFC.(Compliance), EPFO(HQ)

At the outset, the Chairperson welcomed the members and special lnvlteesto the meeti ng.

Item No.1: Confirmation of the Minutes of the 80th Meeting of the FinancEand Investment Committee held on U3.03.2005 8t 15.03.2005at EPFO Head Quarters, New Delhi.

Hon'ble Member Shri A. Venkatram drew the attention to his letter dated14.06.2005 and reply of EPFOdated 22.06.2005 to his letter and stated thatvarious figures are shown from one meeting to other. Interest was calculated onRs. 86,969 crores of corpus. - . f)

.{'t)'l'.-~"" ov..Y"IC~ v~

CPFCclarified that the figure was not Rs. 86,969 but Rs.8, 69,690 whichwas the progressive balance total, and not the corpus. Honfble member had notseen the accounts properly. The detailS given were on the basis of balance sheet.This calculation was very well available in the agenda item of CBTSpecial meetingheld on 28.05.2005 for recommendation of interest fori the year 2004-05.Chairperson advised the honourable member to clear his doubts on one to onediscussion with CPFC.

Shri W.R. Varada Rajan observed that 80th meeting was held in two parts.He recorded his views on a slip and handed over to Chairperson for incorporatingin the minutes. Whatever decision was taken was the combined deciston of theCommittee.

CPFCdarified that the views of the member was brought out in theminutes .. However if the honourable member suggests ,any correction it canbe .carned out as the minutes are in draft stage.

Shri J.P. Chowdhary suggested the modification that "based on thepresent earning figures on the present prevailing income the committeerecommended rate of interest @ 8% for the year 20.'05-06".

Shri W.R. Varda Rajan stated that Para 2 & 3 of the recommendationwill be replaced with \\ Although this would leave the :committee with theoption of recommending only rate of interest @8% for the year 2005-06,the committee decided that the facts and figures be presented to tbeCentral Board of Trustees (CST, EPF) for appropriate decision". This wasaccepted by the members. .

Honourable member suggested another amendment to item 11 ofdraft minutes of 1st phase dated 03.03.2005 regarding darification of thename of the member. In 2nd Para, the word A honouraq'e member shall bereplaced byShri A. Venkatram.

Subject to the above stated two amendments the committeeconfirmed the draft minutes of the two phases of the so" meeting ofFinance and Investment Committee held on 3rd and 5th March, 2005respectively. .

Item No.2. Statement showing the actions taken on therecommendations of the Committee.

The Committee noted the contents.

Item No.3. Review of Investments in respect of. Provident Fund,I

Pension Fund, EDLI Fund, Staff provident Fund and Staffpension cum Gratuity Fund. '

The Committee noted the contents.

Item No. 4Actuarial valuation of Staff pension cum Gratuity FundAccount.

The Committee desired certain clarifications on the report submittedby the Actuary. Accordingly, he was called to attend this meeting.However, he expressed his inability to attend the same due to allegedpreoccupation. He will be attending in CBTmeeting proposed to be h6ld on30.07.2005. Honourable member Shri W.R. Varda Rajan stated that, it islinked with the proposed Pension Scheme for Central Governmentemployees because once that scheme is implemented private fundmanagers will emerge and they will be competitors to EPFO. Under thoseconditions why EPFOemployees be allowed to partiCipate in that CentralGovernment Employees Pension Scheme instead of making as members ofEmployees Pension Scheme, 1995. Further stated that why we aredependent only one individual actuary for decades even when the companyhas to change their Chartered Accountant for every 3 or 5 years.

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Central provident- Fund Commissioner clarified- that EPFOopted the Central .Government rules. As per service conditions, the Central GovemmentPension rules are applicable Mutptes Mutandis to EP-FO, for pension.Regarding appointment 0'- actuary is concerned no slng1~ Individual is .indispensable.

Chairperson stated that opting to Employees' Pension Scheme, 1995is a policy decision, to be placed before the CBT. Actuaries are in shortsupply. However, the item was deferred for want to actuaries presence.

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Item No. 5 Revised Investment Pattern

In the previous meeting, the Committee while deeding -to continuethe deliberations on the item opined that the item required to be studied ata grater depth. Also the views and objective analysis report of the portfoliomanager should be sought before moving ahead on the issue.

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The SB! representative, DGM- Treasury Branch, 5BI, Mumbai ShriC.M. Pillai was to give the presentation before the Committee. How.ever,due to certain natural vagaries in Mumbai on 27.07.2005, he could notattend the meeting. Thus, the item was deferred. It was also proposed tohave next Finance & Investment Committee meeting to be held in Mumbai.All the members have agreed for the proposed to have next meeting inMumbai so that they can see the working of investment also in Mumbai.

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Meeting ended with vote of thanks to the Chair.

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Item No 2: - Statement sbowing the actions taken on the recommendations oftbeCommittee.

S.No Recommendations Action Taken

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2.

3.

The State Bank of India has been advised to ensure !prompt collection of receivables, if required, bytaking appropriate legal action vide letter No.InvJ/Action TakenIF&Y02dated 12.09.2003.

Outstanding interest and maturityproceeds.

Committee was informed that matterwas taken up with the defaulters aswell as the concerned stategovemmenns) in case of State Govt.Guaranteed Securities.

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. .. IIn case of certain UP state PSUs, default-has beencontinuing since long time now. No results werebeing achieved despite the several references madeto the UP State Govt and the Central Govt inrespect of the issues guaranteed by the respectiveGovts. Several notices were sent for cautioningagainst invocation of the Govt Guarantee.However, no headway could be made in therecovery of the dues. As a measure of last resort Ilegal notices have been issued to the defaultin~ /!units and the respective govts. (Copies of the sameare enclosed as Annexure B (page Nos.8 to 40). .Now SBI has been advised to proceed further viaethis office letter dated 22.112005.

It was decided that for trivial delays onaccount of postal vagaries, clearingtime etc., it may not be desirable tocontinue unproductive follow upactions. However list of overdueinterest cases of all categories viz., A,B, C be placed before theF & ICommittee.

Details of the outstanding interest and. maturityproceeds as on 30.09.2005 are placed asAnnexure C (page Nos.4l to 43).

Details of Short Receipts of Interest and list ofcases from July 2005 to September 2005 in whichinterest proceeds were received belatedly ISenclosed as Annexure D & E (Page Nos.44 to49).

List of overdue interest cases of all categories viz.,A, B, C for the period from 01.04.05 to 30.09.05are placed asAnnexure F (page Nos.50 to 66).

SBI has furnished the relevant extracts of Iconcurrent audit report for the period from June2005 to September 2005 (Annexure G, PageNos.67 to 80).

Extracts of Concurrent AuditReports furnished by State Bank ofIndia

The requisite details in the form of fortnightlyreports of idle funds for the period from:01.07.2005 to 31.08.2005 are placed as Annexure I

Idle fundsIn ·accordance with the minutes of themeeting of the representatives of the

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Central Board of Trustees, EPF and H (page Nos.81 to 125).-SBI, in Mumbai on 30.5.2001, signedfortnightly reports in respect of IdleFunds are required to be furnished in.the agreed format by the SBI and thesame need to be placed before theFinance & Investment Committee. .

The Committee noted the contentsand desired that the matter may be In no case delay of more than 4 days occurred for .taken up with SBI to open Savings which funds of CBT-EPF were lying idle andBank Alc instead of Current Nc at uninvested by SBI.Securities Services Branch which ISbeing permitted to EPFO in its fieldoffices viz. ROS/SROS/SAOs,etc.

4.

Recommendations Action Taken

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Further, SBI should' explore thepossibility of getting the approvalfrom RBI to permit Central Board ofTrustees, Employees' Provident Fundas lender in Inter bank Call moneymarket for overnight parking of fundsto minimize the Idle Funds amount.Matter may be taken up again with theGovernment of India for gettingaforesaid permission from RBI.

SBI took up the matter regarding parking of-fundsin RBI Repo and call money. SBI was furtheradvised to take permission from RBI as lender inCall & Money market also but RBI did not acceptthe same.

Ministry of Labour, Government of India has beenrequested vide letters dt. 10.9.2004, 28.1.2005 &25.02.2005 to take up the matter through Ministryof Finance for getting aforesaid permission fromRBI.

Response is awaited from SBl.

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Actuarial Valuation of Staff Pension The item was placed in 79111 meeting but wascum Gratuity Fund. deferred. In the 80th meeting it was decided to call

Actuary in the next meeting so as to obtain certainclarifications in his report. However, he could not.attend the 8Ist meeting held on 27.07.2005.Nowagain a separate item is being placed and also theActuary has been called.

Committee opined that the item SBI has given its VIews vide letter Nos.requires to be studied at a greater TRlPMS/2484, 1867 and 1981 dated 14.02.2005,depth. Also the views and objective 19.09.2005 and 01.10.2005 respectively.Copies ofanalysis report of the portfolio these letters are placed alongwith the agenda itemmanager should be sought before no. 6.moving ahead on the Issue. It alsodesired that the portfolio managermight give a presentation before the

5. Review of Investment Pattern andguidelines. •

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The SBI representative, DGM- A separate item is thus being placed. And also theTreasury Branch, SBI, Mumbai Shri SBI has been informed to corne prepared for theCiM, Pillai was to give the requisite presentation before the Committee.presentation before the Committee. .•.However, due to certain naturalvagaries in Mumbai on 27.01.2005,he could not attend the meeting. Thus,the item was deferred. Committeedecided to continue the deliberationson the item subject to the abovedirection.

S.No Recommendations

Committee regarding their assessmentof the revised pattern and desiredamendments! additions to the same.

6. Study regarding InvestmentManagement.

The Committee noted that the financialsanction for appointment of' MercerHuman Resource Consulting has beengranted by the CBT in its. preVIOUSmeeting dated 21.02.2005.Further, it was informed 10 theprevious meeting that the second legalpimon was obtained before enteringinto the final agreement. Response ofthe Consultant Agency on thesuggested changes In the draftagreement was awaited.

Action Taken

The necessary acceptance of the Consulting Firmwas received and the final agreement has sincebeen entered into.

A separate item regarding note on the appointmentof the consultants and the status of the Project isplaced.. ,

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To, RECEIVED

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_~ 4-A. lawrence & Mayo House.. ~ISHIT DHRUVA. 276. O. N. Road. Mumbai - 400 001.

MS. I, IALVAKH.•••KIA ISolicilorSupremeCourt at £"II'')nd& W~IM) Tel. : S637 0010.5631 1589563711351/52/53

Fax: 5637 8355Email: mdhruva@hathway.comWebsite: www.mdhruva.com

SK/368817118/2005 "REGO.A.O."U.C.P.

18.08.2005

Dear Sirs,

C& 24 hUG 2805STATE BANK OF INDIA

$£CURITIES SERVICCS MIJo1CHOESP~TCJi SECT!OH MUI.lBAI_

OQCU),IENTa SM-fAREScONtENTS NOT KNOWN

SUBJECT TO VERIFICATIONThe Managing Director,Uttar Pradesh Financial Corporation,14/88, ,Civil Lines,KANPUR 208 001.

Under instructions from our clients, State B~:ll~ of India having their

Securities Services Branch at Mumbai Main Branch D!dg.. Mumbai Samachar

Marg, Mumbai 400 023, we have to write to you as under:

Our clients ore tho Managers of Portfolio Investment of COTEPF nnd

during the course of managing the investments, upon request made by

you, our ctients have invested in various Securities of the Uttar Pradesh

Finance Corporation Bonds. Our clionts stale Ihi?t In terms of tho Bonds

issued by you, you had promised to pay to our clients interest on bonds

on various due dates. Our clients state that u~o;your request, our clientsapplied for issuance of Bonds issued by you as per the details given

hereunder:

4 12.50%UPSFC 2009-S----12.50%UPSFC2009~------~-----------------------

Face Value2 Crores

------- -10Crores--- --- ..-

10 Crores- 5Crorcs

----- --5 Crores

Sr.No. Particulars of Security_1 14%UPSFC 2005 (II)2-- 13.75%UPSFC200-7 -----3--------"2jO%UPSFC200itii}---·-

mailto:mdhruva@hathway.comhttp://www.mdhruva.com

2. Our clients state that in spite of the representations made to you fromtime to time, you have failed to pay the interest on the said Bonds, the

details of the unpaid interest along with the short receipt of interest, etc. is

set out hereunder:

Details of Dues from UPFC:

i. Interest due nut not received (up to 31105/05 )

(as per Annexure -A) Rs.2,31 ,38,940.96ii. Short receipt of Interest (up to

(31/5105) (As per Annexure-B)

iii. . Short Interest on account of

Rs.1,40,44,911.10

iv.

Premature redemption of @14%

UPSFC Bonds as per Annexure C

Interest due but nol received (up to

06/06/2005 (as per Annexure-D)

Rs. 25,12,247.00

Rs. 14,00,000.00

Tota1: Rs.4,10,96,099.06

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3. Our clients state that by their various letters addressed to you as well as

to the Government of Uttar Pradesh who had guaranteed the said

payments, you have faifed to make the repayments to our clients.

4. Our clients state that in fact, by your letter of 291h April, 2003, you have

agreed and confirmed that in view of the recessionary trend in the market,

the recovery from your assisted units have been affected adversely, as aresult thereof, there has been a delay in payment of interest. Our clients

state that in view of the aforesaid non-payment, our ctients have also

served a notice on the Government of Uttar Pradesh on 20lh June, 2005,

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I n.dhruva '& co.- .-/ Adv9cates

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CONnNUATIONSHE~

calling upon them to make payment as set out therein along with Interest

within a period of 15 days. Please note that if you fail to pay the amount

of HSA.,10.96.099,06ps doe as per the enclosed Annexures within aperiod of 60 days from receipt hereof by you. we have been peremptorily

instructed by our client~ to give this notice of 60 days as per see 60 of

Civil Procedure Code for proceeding legally against you for enforcement

of any claim at your risk as to costs and consequences thereof.

Yours faithfully.For M. Ohruva & Co.

'\. ~>C:t~:State Bank of India.'\,/' Securities Service Branch.

Mumbai Main Branch Bldg.MumbaL

H\SkIUTTAR PRADESHI • NOTICE 2.d~

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ANNEXURE - 'A'

INTEREST DUE BUTNQTRECEIVED (UPTO 31105/2005)

• Amount in Rupees

• SI. Security Interest Due InterestN9. of Delayed

No. CodeParticulars pf Security' Face Value

Date Amountdays period of TOTALDelay Interest I

1 501002 14% UPSFC 2005.111) 2 crores 6-Dec-04 1400000 176 108010.96 , 508010.961. 2 501004 13.75% UPSFC 2007 10Crores 29-Jan-04 681SOOO . 488 1447705.48 8322705.483 501006 12.30% UP$FC 2067 (1/) 10CrQres 6-Dec-04 6150000 176 424063.56 6574063.56

.4 501008 12.50% UPSFC 2009 5 Crores 17-Aug·04 3125000 287 356292.81 3481292.815 501008 12.50% UPSFC2Q09 5 Crores 17-Feb-05 3125000 103 127868.15 3252858.15

L ___tOTAL 20675000 2463940.96 _2]~:3.B~.~~O--,-9!. . ..

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ANNEXURE - 'B"

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SHORT RECEIPT OF INTEREST (UPTO 31/05/2005) MAMOUN"( IN RUPEES

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CODEParticulars of Security Face INTEREST RECEIVED AMOUNT AMOUNT SHORT OVERDUE INIT.

TOTALNO Value QUEON ON DUE RECEIVED INTEREST RECEIVABLE

; ON INTEREST., ON INTEREST; NOT REeD IREeD PORTION, PORTION. 501001 14% UPSFC 2005 5 Crores 2·Feb·04 18·AuQ·04 3500000 2000000 1500000 173539.04 318246.58 199183562. 501002 14% UPSFC2005 2 Crores 6·Jun·Q4 18·Auo·04 1400000 800000 600000 25600.00 94421.92 7200:" :'~I,501004 13.75% UPSFC 2007 10 Crores 29-Jan·04 18·AuQ.04 3437500 2000000 .1437500 174328.77 302702.05 19145:':_ .501004 13.75% UPSFC 2007 10 Crores 29·Jan·04 ·18·Auo·04 3437500 2000000 '~37500 174328.77 302702.05 '9'4530E501004 13.75% UPSFC 2007 10 Crores 29·Jul·04 27·Aug·04 3437500 2000000 1437500 25027.40 18980908 1652333 ••7j501004 1;3.75% UPSFC 2007 10 Crores 29·Jul·04 27-Aug·04 3437500 2000000 1437500 25027.40 189809.08 1652335.:.7501006 '~30% UPSFC 2007 (II) } 10 Crores 20·Apr·04 14·0cl·04 6150000 360000011 2150000 249642.74 34198548 2741623.22

} 20·Apr·Q4 18·Aug·04 '. 400000rr 18805.48 0.00 1880543501008 12.50% UPSFC 2009 5 Crores 17·Feb·04 18·Aug·04 1875000 1200000 675000 87238.36 101092.81 863331.16501008 12.50% UPSFC 2009 5 Crores 17·Feb·04 18·Aug·04 1250000 800000 450000 58158.90 67395.21 575554 11

,.. 27925000 16800000 11125000 1011746.85 1908164.25 14044911.10- ~

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Annexure iC'

SHORT RECEIPT ON ACCOUNT OF PREMATURE REDEMPTION OF 14°& YPSQC BONDS 2005.' ",' -, "', -.' , "

. Code No, Description Fa~eValue Redemption Redeemed Maturity•.

Due As On ProceedsRecd On

501001 14°;' UPSFC 2005 5 CRORES 2-Aug·05 14-Jun.Q4 24.Jun.Q4

Overdue Interest for 10 days (Redemption)(24.06.2004 - 14.10.2004)

RS.2,19,178/.=

====.========Inlcrcsl@ 14% w.e.1. 02/02/2004 10 14/0612004 (133 days) =(up to dale of premalure redemption)

RS. 25,50,685/.

Interesl received (on 22.09.2004) RS.14,35,616/-=

Shorllnteresl received Rs. 11,15,069/--=r-=

===.z.========.Overdue interest on delayed receipl of inleresl @ 16%14/06/200410 21/09/2004) (100 days)(Rs.14.35.616/.)

= Rs. 62.931/·

Overdue Inlerest on balance portion of inlerest@ 16% w.e.I, 14/06/2004 1031105/05 (352 days)(Rs, II,15,069/-)

= RS. 1,72.056/·

= Rs.l',78,OOO(·::==========

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''''':~ TOTAL RECErVABL~

.....'. '~-:....!. .. ..iJI!,. as eass.:. .. 4 . !qve .- ...

= Rs. 25,12.2471.~

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ANNEXURE '0'

INTEREST DUE BUT NOT RECEIVED (UPTO 06/06/2005)

Amount in Rupees

Security Particulars of S~curity Face Value Interest Due InterestCode Date Amount501002 ' 14% UPSFC 2.005(1/) 2 CRORES 06.06.2005 14,00,000.00]

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http://www.mdhruva.com

3. In accordance with the terms of the bonds issued by LlPFC they had

promised to pay our clients interest at applicable rates pn agreed due

dates. The particulars of interest due but not received ere annexed asannexures hereto.

4. The guarantee provided by you for the repayment of the fu~ds invested to

the tune of RS.32 crores present holding is Rs.27 crores f~r CBTEPF by

our clients. We are instructed to state that the UPFC has failed and

neglected 'in the payment of overdue interest on the bo~ds despite of

repeated reminders and notice dated 03-03-2005.

5. We are further instructed to state that, our clients had sent ~ notice to you

dated 20.06.2005 requesting you to pay within a period of 15 days, the

overdue interest amount of RsA, 10,96,099.06 along with penal interest

rate for the delayed period failing which our client would have no option

but to invoke the guarantee. But there was no response received in

respect of the above mentioned notice.

6. As UPFC. has defaulted in payment of the periodical in~erest on the

investments pertaining to CBTEPF and inspite of our clients repeated

reminders, UPFC have not until now remitted the funds the repayment of

which is guaranteed by you, we are compelled along with you to also

serve on UPFC a legal notice requesting the payment o( the interest

overdue failing which legal action will be initiated against the porporation.

7. Name of the Bank.

a) Stale Bank of India is a Statutory Corporation constituted

under SBI Act 1955 having their Corporate Office at State

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.. I.dhruva & co..-/ A-dvocates

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CQNTI~UATIQN SHEET~@-

Bank Bhavan. Corporate Centre, Nariman Point, Mumbai

400021 and Branch at Securities SeJ!VicesBranch, 2ndfloor.

Mumbai Main Branch Bldg. Muml>ai Samachar Marg,

Mumbai 400 001.

b) The suit is proposed to be filed aga1i'lsl the Uttar Pradesh

financial corporation and the Governri:lent of Uttar Pradesh

in case of non-payment of dues in the'.specified time period..mentioned in this notice.

c} The suit is proposed to be filed in the DEBT RECOVERY

TRIBUNAL of judicature at Bombay ',or any other court

competent to try the cause.

8. Cause of Action:-

The cause of action arose on account of the default committed by UPFC onnon payment of the overdue Interest of which ~n any event our clients are

entitled to on the captioned securities and not acknowledging our clients

notice to you dated 20.06.2005. Our clients have therefore instructed us to

call upon you jointly and severally to repay within 60 days I(sixty) the amount

of Interest as set out in the armexure hereto due to ourclients along with

penal interest on the delayed period till the payment of interest failing which

our client shall have no option but to invoke the Guarantea given by you forthe recovery of the dues.

9. Relicf Claimed by the Plaintiffs

Our Clients are daming a decree against the Uttar Prfldesh Financial

Corporation for the payment of Rs 4,10,96,099.06 to the St*e bank of India\

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along with the penal interest. On the expiry of the period of 60 pays from the

dllto or receipt or IhiB notice by you the guarantee shall be invoked againstyou and a suit will be filed against the Uttar Pradesh Financial

.u.dhruva & co..../' Advocates

ANNEXURE

UTTAR PRADESH FINANCIAL CORPORATION

Statement of claim as on 31.05.2005 in respect of various securities of UPFC

Bonds.. Details of dues from UPFC are as follows

SloNo. Particulars Claim amount

i) Interest due but not received (up to 31/0512005) Hs.2,31,38,940.96

ii) Short receipt of Interest (up to 31/0512005) Rs.1,40,44,911.10

iii) Short interest on account of premature redemption

of 14% UPFC Bonds Rs. 25,12,247.00

iv) Interest due but not received (upto 06.06.2005) Rs. 14,00,000.00

Total Rs.4,10,96,099,06

K:\STAT£ BANK OF INOIAlNoticeluttar pradesh.doc

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- S.,,\~~S~) _ _ _ _ -~Gl~ ~ llIR'fT. (~lJJrffi), ~ ~ llIR'fT1fiR. '\:/lja'f~~. ~ - 400 023.~-~llIR'fT. (~~l.ljaf ~ ~~.~ ~ lI'Pf. ljaf - 400 023.Securities Services Branch, Mumbai Main Branch Bldg ..Mumbai Samachar Marg. Mumbai - 400 023.

_ CJR I Telegram: ·SEeSER BRAN". Mumbaivlhe Regtonal Provident Fund Commissio~rWestJ;No.: 22665800/22661765/22611281/22658435

Employees' Provident Fund Organisation,m I Fax: 2261'924/22661032 "fr/..Bhavishya Nidhi Bhavan, llIR'fT~ ~.I Br. Code No,9277 ~o(,14, Bhikaji Cama Place, ~ "I tVNEW DElHI-110 066. ","V-

\iHfflq~··~\fl{dh;r ~ afqi-State Bank of India

~.~/No.SSB/PMS~ 3118 ~/tmm/Date :04.10.2005

/ "4-'" / Dear Sir, _"l\~I'" CENTRAL BOARD OF TRUSTEES EMPLOYEES' PROVIDENT FUND ICBTEPF)

ISSUE OF LEGAL NOTICE TO UPSFC •. PICUP & RCL. GOVT. OF UP ANDrr .'~ENTRAL GOVERNMENT. \ V~ ., ceference to your letter No.lnvsW1(123)UPSFCI2OO4I55387 ~~ !::::

~ "j- . (\ J we forward herewith the copies of notices addressed to PICUP and RCl by Mis M._ Dhruva & Co. Advocates for your perusal.

Enel : as above.

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~ i;"fT5ITqT( CIiTPT F!I17rrr q;rrf t,~ frIrcmr ~

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~ 4-••••lawrence & Mayo House.276. O. N. Road. Mumbai - 400 001.Tel.: 5637 0010. 5631.1569 -

'i(,'17 IfI'i II 'ill S"I ,IX : ~("I7 11J~!jEmail: mdhruva@hathway.comWebsilC: www.mdhruv;!.com

NIStUl OHitU..-AMS. HEN •••L VAKHARIA 15oli(ilor Suprem"Court of England&W.les)

SK/36881729812005 "REGD.A.D."U.C.P.

24.08.2005

To

The General Manager,The Pradeshiya Industrial and InvestmentCorporation of Uttar Pradesh Limited.PICUP Bhavan, Gomti Nagar,Lucknow 226 010.

Dear Sirs,

SUB: CENTRAL BOARD OF TRUSTEES EMPLOYEES'PROVIDENT FUND (CBTEPF) LEGAL NOTICE INRESPECT OF NON RECIEPT OF PERtODICAL INTERESTAND PART REDEMPTION ON VARIOUS SECURITIESOFTHE PRADESHIYA INDUSTRIAL AND INVESTMENTCORPORATIONOF UTTAR PRADESH LIMITED.

On account of the instructions received from our clients, State Bank of India.

having their Branch at Securities Service Branch, Mumbai Main Branch Bldg,

Mumbai Sarnachar Marg, Mumbai 400 001. we write to you as directed;

1. Our clients are managing the portfo!io investments cf the Central Board of

Trustees Employees Provident Fund (hereinafter referred to as CBTEPF)

which is functioning under the Ministry of labour. Govt. of India.

Tile PICUP are the issuers of our client's investments upto Rs. 124 lacs

2. And the Government of Uttar Pradesh is the Guarantor having guaranteed

the repayment and redemption of the captioned securities.

.rI

(

mailto:mdhruva@hathway.comhttp://www.mdhruv;!.com

3. The details. of the Investment Holding in PIC UP Bonds (till dale) are stated

below: - The Investment Holding in PICUP Bonds (till date) is aggregating to

RS.124 lacs:

SECURITY

I. 13.00% PICUP 2009

II. 13.00% PICUP 2009

111. 13.40% PICUP 2007

IV. 13.75% PICUP 2008

AMOUNT

20 Lacs

21 Lacs

40 Lacs

43 Lacs

4. Our clients have stated that th~.y been repeatedly kHowing up the matter

with you for payment of periodic and overdue interest on the bonds by

sending various letters but you have been deficient ill responding to our

client.

The breakup of the def3uH is given below:

Interest

due since

Securities

----"-----------+-13.75%P1CUP 15.03.2003

2008 I1T3:OO%PICUP l'O.,O.2004-r12009

.1"3.oo'Vo"piCurfl·s.1 O.·2Q04-200913.40%PIClJP 15.05.2005

~2007 jL_.... . _

Amount of Penal Total interest

interest due interest claimed------....-.-;.

Rs 14,78,125 Rs.2,82,427 Rs.17,60,552 -

RS.2,60,OOO RS.15,279 Rs. 2,75,279

--.----- ._.-----_._-- ,...--'-.,.- ..•Rs.2,73,OOO Rs. 15,483 Rs.2,88,483

-~------------- ------:::-::c-RS.2,

CONTINUATIONSIIEETN~

30o/~··partredemption clue on 13.40% PICUP 2007 Rs.12,OO,OOO

Interest due on 30% part redemption amount . (from Rs. 31,720

21.03.2005 to 31.05.2005)-

Rs.12,31,720 .•.TOTAL

TOTAL AMOUNT IRs.37.99.334(

I. .

5. Our clients had sent a notice to you dated 22.06.2005 requesting you to pay

within a period of 15 days, the amount of Rs.37,99,3341- (inclusive of

overdue interest upto 31.05.2005) alongwith penal interest for the delayed

period. But there was no response to this letter as well.

6. Since you have defaulted in payment of the periodical interest and the part

redemption money due on the investments pertaining to CBTEPF and

dnr:pitf' 01 ir r.lirmts fmqll

Pradesh for the recovery of the dues. We have been peremptorily

instructed by our clients to institute appropriate civil legal proceedings

against you and entirely at your risk as to the costs and consequencesthereof.

C.C.~o: State Ba:1k or India,Securities Sc-c";ce Branch,Mumbai Main Branch [':::;g.Mumbai.

Yours faithfullyFor M.Dhruva & Co.

.-.•...---

- ~ c

@STATEMENT OF OUTSTANDING INTEREST ~ OVERDUE INTEBESIAS ON 31/05/2005 Amount In Rup!!s

r

Sr. Particulars of Security Security Code Half.Yearly Face Value . Interest Due Delayed period Intt. TOTAL AMOUNTNo. I Intt. due on RECEIVABLE

No. of Oays Amount4300000/·

..1 13.75% UP PICUP 2006 $R III 501024 15.03.2003 295625.00 809 1031992 13.75% UP PICUP 2008SR III 501024 15.(j'9.20()3 4300&00/· 295625.00 625 797283 13.75% UP PICUP 2008 SR 11/ 501024 15.03.2004 43 00,000/- 295625.ob 443 56511'4 13.75% UP PIGlJP 2008 SRIII 501D24 15.09.2004 43,00' 000/- 295625.00 259 33039 ..

~,

13.75% UP elCuP 2006 SR HI 501024 15.03.2005 43,00 000/· 295625.00 18 99506 13.00% UP ~ICUP 200Q 501031 10.10.2004 20,00000/- 130000.00 234 125017 13.00% UP PICUP 2009 501031 10.04.2005 . 2000000/· . 130000.00 52 27788 13.00% UP PICUP :200~_ 501032 15.10.2004 21 00000/· 136500:00 229 128469 13.00% UP PICUP 2009 501032 15;04.2005 21,00.0001· 136500.00 47 263710 13.40% UP PICUP 2007 # 501037 15.05.2005 40',00,000/- 185030.00 17 132711 13.40% UP PI~UP 2007 tt# 501037 15.05.2005 28,00,0001.- 56534,00 17 406

,'''-

TOTAL~ ...••.. 2252692.00 314922 2557"'14.00# From 15.11.2004 to 20.03.2005## From 21.03.2005 to 31.05.2005

30% PART REDEMPTION DUE-'-

13.40% UP PICUP 2007 501037 21.03.2005 12,00,000/- 72 31720 1231720

TO TA L - (8) 12317201

GRAND TOTAL- (A) +(8) 3799334.00 !

~

--, ..... ~

~----.---.-~~-~........,........,..,..,.,."""",.,....,....,..,...,..,...,...-,,",,@~~~~NiSHIT OHRUVA 4-1\. lawrq/lce & Mayo House.

MS. HEN .•••L VAKHMlIt. (Solicitor S""r~rn" COllI! of (nglantJ & Wales) _ 276. U. N. ~oad. Mumbai -400 001.Tt!I.: 5637 \>010.5631 1589

5637 bnl/52/ 53Fax: 5637 $355Email : mdl1ruva@hathway.comWebsite: wY.w.mdhruva.com

SK/3388/7281/2005 "REGD.A.D."U.C.P .

24.08.2005

.1

To,

General Manager,Richardson & Cruddas (t972) Limited,Bycu/la Works. Post Box No. 4503 ..Sir J. J Road, .Mumbai 400 008.

Dear Sirs,

On account of the instructions received from our clients, ~tate ~ank of India,

having their Securities Service Branch, at Mumbai Main Brari7tl Bl'dg, Mumbai

Samachar Marg, Mumbai 400 001, we write to you as directed........ '

1. Our clients slate that you are the issuers of investments in RCL 12.50%

Unsecured Non-Convertible Redeemable Bonds.

Details of the Bonds

a) The amount paid on each Bond is Rs.1, 00,000.

b) The Regd. Folio No: R 000100

c) Allotment Letter No: 100

d) Number of Bonds: 600

e) Distinctive Bond No: 00001 To OOGOO

f} Rate of Interest: 12.5% p.a. payable Semi annually.

g) Redemption : at par at the end of five years from the deemed date of

allotment

2. And trre Government of lr.dia (~.1inisiry of Heavy l~stries' & Public

Enterprises. Dep\. of Heavy Industries, Ud'log Bhava, NetJl?etlli, ~ 110011). ~,.

i:t~';·::~:2;··..~~".~:

"~;':Jii,',. .,..~.~.• '. .~, z, ~~-!'.'..~,

~.~.\.., to.' .,-. ,

..~\~>.,:~'"-,

. ";,,"

_.

mailto:mdl1ruva@hathway.com

: .

is the Guarantor having guaranteed the repayment and redemption of the

captioned securities.

3. The details of the Investment Holding in RCL Bonds (till date) are stated .•

below: - The Investment Holding in RCL Bonds (till date) is aggregating to

Rs.6.00 crores. Details of dues from RCL :

Statement of claim as on 31.05.2005 in respect of RCL Bdnds. Details of dues

from RCL is as follows:

(a) Outstanding redemption proceeds

(b) Overdue interest on the above mentioned•Item (a)

(c) Interest outstanding

RS.6,OD,OO,OOO.OO

Rs. 39,80,547.00

Rs.1,31,11,643.84 ps.

Rs. 52,47,425.42 ps.(d) Over due interest on the item no (e)

TOTAL Rs.8,23,39,616.26 ps.

4. Our clients have stated that they been repeatedly following up the matter

with you for payment of overdue interest on the bonds by sending various

reminders but you have been deficient in responding to our client.

5. Our clients had sent a notice to you dated 17.06. 2005 requesting you to pay

within a period of 15 days. tho amount of Rs.8,23,39,616.26 ps. (inclusive of

overdue interest upto ~1.05.2005) alongwith penal interest rate for the

delayed period. But there was no response to this letter as well.

6. Since you have defaulted in payment of the periodical interest and the

redemption money on the investments pertaining to CSlEPF and despite

(

'-,

iCON·UNl1InfON S.fEET NO.

,I.

I

our dents frequent reminders, you have not yet remitted the ~mount due on,

the funds we are compelled to serve you with this notice.

7. Our clients are suitably entitled to the interest amount on the captioned

securities and on account of the default committed by you', by not even

acknowledging our client notice to you dated 17.06.2005. Our clients have

therefore instructed us to call upon you jointly and severally ",to repay the

amount of Rs.8,23,39,616.26 ps. due to our clients alongwith ~enal interest

on the delayed period till the payment of interest within 60 day~ of receipt of,

this Legat notice. Failing wh:ch our client shall have no option ~ut to invoke

the Guarantee given by the Government of India for the recovery of the

dues. We have been peremptorily instructed by our clients' to institute

appropriate civil legal proceedings against you and entirely at your risk as tothe costs and consequences thereof.

Yours faithfullyFor M.Dhr~va & Co.

C.C.to: State Bank of India,Securit.es Service Branch, .Mumbai Main Branch Bldg,Mumbai.

I ".

.~"<t" .. ,., .\.. ''\ .

K:\sk\sBllegal noticc'Richordson gOyl nonce.dcc

• 4:A, lawrence & Mayo House,276, D. N. Road, Mumbai • 400 00 I. -Tel.: 56370010, 5631 1589 .

5(,.17II.Hl/ ~2/ SJf'Il' : 5(')7 /1],;5Email: ·ndhruva@hathway.comWebsite·: www.mdhfuva.c:om

.•NISHiT DHRUVA-

MS. HENAl VAKHARIA ($olicilor SupremcCOUfIof En~I.'nd & Wale~l

SKf3688n282f2005 "REGD.A.D."U.C.P.

24.08.200~

To

The Dy Secretary toTile Oovcuuucnt of India,Ministry of Heavy Industries & Public Enterprises, Dept. of Heavy Industries,Udyog Bhavan,New Delhi 110011.

Dear Sirs,

SU8: CENTRAL BOARD OF TRUSTEES EMPLOYEESPROViD~NT FUND {CBTEPF) LEGAL NOTICE INRESPECT OF THE NON RECIEPTOF PERIODICALINTEREST· MAD. REDEMPTION PROCEEDS OFHICHARDSON & CRUDDAS LIMITED {RCL) 12.50%UNSECURED NON- ~ONVERTIBLE ~EDEEMABLE BO~NDISSUED BY RCL.

We are concerned for our ciients,the State Bank of India, having their

Securities Service Branch, at Mumbai Main SranchBldg, Mumbai Samachar Marg,Mumbai 400 001; we are instructed to state as under.

1. Our clients are managing the portfolio investments of.the Central Soard of

Trustees Employees Provident Fund (hereinafter referred to as CBTEPF)

which is functioning under the Ministry of La bour, Govt. of India.

The RCL holds our clients investments up to 6 crores in RCL 12.50%

Unsecured Non-Convertible Redeemable Bonds.

http://www.mdhfuva.c:om

"

2. Richardson & Cruddas Limited (hereinafter referred to as "RCL") which is a

subsidiary of Bharat Yaotra Nigam Limited (hereinafter referred to as BYNL)

has issued unsecured non-convertible redeemable bonds in favour of our

clients on 15th December 1999 the repayment and redemption of which is

guaranteed by you.

Details of the Bonds

1. The amount paid on each Bond is Rs.1,OO,OOO.

2. The Regd. Folio No: R 000100

3. Allotment letter No: 100

4. Number of Bonds: 600

5. Distinctive Bond No: 00001 To 00600

6. Rate of Interest: 12.5% p.a. payable Semi annually

7. Redemption: at par at the end of five years from the deemed date of

allotment

3. RCL has defaulted in payment of the periodical interest and over due interest

from March 2002, further as the bonds were due for redemption on

15.12.2004. Our clients have surrendered the allotment letter (Bonds

certificates not issued to our clients} of 600 Bonds aggregating to Rupees 6

crores on 131h November, 2004 to RCL along with a request to make

payment towards the redemption proceeds of Bonds along with outstanding

interest and overdue interest at the rate of 14.50%per annum.

4. The guarantee provided by you for the repayment of the funds invested for

CBTEPF by our clients are against the investments holding to the tune of

RS.6 crores. We are instructed to state that the RCL has failed and

neglected in the payment of the periodical interest and over due interest from

March 2002 on the bonds despite of repeated reminders.

"

. :..

~I "::

(

tCONIlNUATlON SHEET ~ r:

5. '/'Ie are further instructed to state that. our clients had sent a notice to you

dated 171h June, 2005 reqvestinq you to pay within a period of 15 days, the

overdue interest amount of Rs.8,23.39.616.26 (The detailed break-up is

given in annexure below) along with penal interest for the delayed period

failing which our client would have no option but, to invoke the guarantee.

But there was no response received in respect of the above mentioned

notice.

6. As RCL has defaulted in payment of the periodical interest and the

redemption proceeds on the investments pertaining to CBTEPF and inspite

of our clients repeated reminders, RCL have not until now remitted the funds

the repayment of which is guaran!eed by you. we are compelled along with

you to also serve on RCL a legal notice requesting the payment of the

interest overdue and the redemption proceeds failing which !egal action will

be initiated against the Corporation.

a) State Bank of India is a Statutory Corporation constituted under SBI

Act 19S5 and having their Corporate Office at State Bank Shavan,

Corporate Centre, Nariman Point. Mumbai 400 021 and Securities

Services Branch at 2nd floor. Mumbai Main Branch Bldg. Mumbai

Sarnachar Marg, Mu:nbai 400001.

b) The suit is proposed to be filed against RCL and the Government of

India incase of non-payment of dues in the specified time period

mentioned in this notice.

(..",

,

c) The suit is proposed to be filed in the DEBT RECOVERY TRISUNAL

of judicature at Bombay or any other court competent to try the

cause.

8. Cause of Action:-

The cause of action arose on account of the default committed by RCL on non

payment of the overdue interest of which in any event our clients are entitled to

on the captioned securities and not acknowledging our clients notice to you

dated 17th June 2005. Our clients have therefore instructed us tocall upon you

jointly and severally to repay within eo days (sixty) the amount of lnterest as setout in the annexure hereto due to our clients along with penal interest on the

d€:~yed period till the payment of interest failing which our client shall have no

opticn but to invoke the Guarantee given by ycu tcr thc~ recovery of the dues.

9. Relief Claimed by the Plaintiffs

OUf Clients are darning a decree against the Richardson & Cruddas Ltd. for the

payment of Rs.8,23,39,616.26 ps to the State bank of India along with the penal ,

interest. On the expiry of the period of 60 days from the date of receipt of this

notice by you the guarantee shall be invoked against you and a suit will be filed

against the RCL in the DRT Judicature at Bombay. When our clients proceed

with the filing of suit against the: RCL for the recovery of the dues, you may beimpleaded as party to the suit ,me! the relief's mentioned aforesaid would beclaimed against the Government in that suit.

IZ:ildlj' treat this as a statutory notice uncer section 80 of the Code of Civil

Procedure,1908. Our clients trust 1:13t the Government of India would honour all

the obligation under t:'e de:-d O~'Cuarsntee and make payment as aforesaid and

might not force our clients ,0 resort to avoidable litigation.

..'

'lniY'l1.dhruVCl & co.:-!::!! ,\ IIv 0 c a I e s CONTINUATION SHF.£T NO. ~('

(:

ANNEXURE

RICHARDSON & CRUDDAS l TD

Statement of claim as on 31.05.2005 in respect of RCL Bonds. Details of dues

from RCl are as follows

i) Outstanding redemption proceeds

ii) Overdue interest on the above mentioned item

(being item (i)

iii) Interest outstanding

iv) Over due interest on the item no (Hi)

: Rs.6,OO,OO,OOO.OO

: Rs. 39,80,547.00

:Rs.1 ,31,11,643.84

: ,Rs. 52,~7,425.42

TOTAL Rs.8,23,"J9,616.26 ps.

Yours faithfullyFor M.DhfUva & Co.

C.C.to: State Bank of India,Securities Service Branch.Murnbai Main Branch Bldg.Mumbai.

K:\Sk\SOI legal notice'Richordson govt notice .doc

•

•-mtw.u. ~~, ~~m!IT ~~¥f ~ lftlf. ~ - 400 023.~~lJlm,~q).~~~·"TiA.~ ~ lftlf. ~ - 400 OZ3.SecuritIes ServiCeS Qranr.h. Mumbai.Mail Branch Bldg.,Mumbai SamacharMarg. MumbaI- 400 023.

. at'{ I Telegram: "SECSER BRAN". MumbaiThe Region~' Provident Fund commissioner (Invest~SIS./Tel.NO.:22665800/2266176S/22611287/22658435Employees Provident Fund Organisation a'YFax: 22611924/22661032j3havishaya Nidhi Bhavan, lJRjf ~ SIS.I Sr.CodeNo. 921714, Bhikaji Cama Place,New Delhi- 110 066

'fHalq ~ aicti·\11{J}q ~ cfc5State Bank of India

,.

SSB/PM&

~)· \b\1I1

fcr-fi/nRR!J/oate: .09.11.2005

jDearSir,s.\::-~ CENTRAl BOARD OF TRUSTEESEMPLOYESE' PROVIDENT FUND (CBTEPF)

,::; ISSUE .OF LEGAL NOTICES TO CENTRAL GOVERNEMNT FOR NON. PAYMENT OF'" PERIODIC INTEREST ON VARIOUS BONDS OF UP STATE GOVT. UNDERTAKINGSo

Q.10'ck.W. securities for non receipt of periodical interest and redemption oroceeds as oesireo,

, 'I Name Guarantor

1\n~.A\02'Richardson & Cruddas Limited The Dy. Secretary,,'I l-'\.7 Govt of India,

Ministry of Heavy Industries &

5\~1-, .A. Public Enterprises, Dept. of,

M:.e,tw~",:;:.'~lr.:.'~iiU',[~Li~§JJ'=~t~I£~:NISHIT DHRlhtA 4-A. lawrence & Mayo House.

MS. HENAl VAKHARIA (Solicitor SupteIM Court of England & Wales) 276. O. N. Road. Mumbai • 400 001.Tel.: 5637 0010. 5631 1589

56378351/52/53Fax: 5637 8355Email: mdhruva@hathway.comWebsite : www.mdhruva.com

(

SKI3688f7299/2005 "REGD.A.D."U.C.P.

24.08.2005 \

To

. The Secretary (Finance).Govt. of Uttar Pradesh,U.P. Secretariat, Vidhan Sabha Bhavan,Vidhan Sabha Marg,Lucknow 226 001.

Dear Sirs.

SUB: CENTRAL BOARD OF TRUSTEES EMPLOYEES'PROVIDENT FUND (CBTEPF) LEGAL NOTICE INRESPECT OF NON RECIEPT OF PERIODICAL INTERESTAND PART REDEMPTION ON VARIOUS SECURITIES OFTHE PRADESHIYA INDUSTRIAL AND INVESTMENTCORPORA nON OF UTIAR PRADESH LIMITED.

We are concerned for our clients, the State Bank of India, having their

Branch at Securities Service Branch, Mumbai Main Branch Bldg., Mumbai

Samachar Marg, Mumbai 400 001, we are instructed to state as under.

1. Our clients are managing the portfolio investments of the Central Board of

Trustees Employees Provident Fund (hereinafter referred to as CBTEPF)

which is functioning under the Mi~istry of Labour. Govt. of India.

SECURITY AMOUNT (RS.)

I. 13.00% PICUP 2009

II. 13.00% PICUP 2009

III. 13.40% PIC UP 2007

IV. 13.75% PICUP 2008

20 Lacs

21 Lacs

40 Lacs

43 Lacs

mailto:mdhruva@hathway.comhttp://www.mdhruva.com

Total 124 Lacs

1=========2. The Pradeshiya Industrial And Investment Corporation of Uttar Pradesh

Limited (hereinafter referred to as PtCUP) has issued BoJds of PICUP to

our clients the repayment of the funds of the said secu~ities has been

guaranteed by you. \

The details of the bonds are stated as below:

3. PICUP has defaulted in payment of the periodical interes \and over due

interest. The break up of the total default amount as on 31-0~-2005 is given

~~- \\

Securities Interest Amount of Penal Ifotal interestdue since interest due interest f,aimed

--13.75%PICUP 115.03.2003 Rs.14,78,125 RS.2,82.427 ~s.17,60,552

\2008 -I,

13.00%PICUP 10.10.2004 Rs. 2,60,000 Rs. 15,279 Rs.2,75,279-I

2009 I,

13.00%PICUP 15.10.2004 Rs2,73,OOO Rs. 15.483 ~s.2,88.483

2009

13.400IoPICUP 15.05.2005 Rs.2,41,567 Rs.1.7:33 R~. 2,43,300

2007 1\

TOTAL R~.25,67,614

m.dhruva & CO.-A ..:..:;/ A d v 0 cat e 5

CONTINUATION SHEET NO. ("

! 30% part redemption due on 13.40% PICUP 2007 Rs.12,OO.000

I Interest due on 30% part redemption amount' (from Rs. 31,720! 21.03.2005 to 31.05.2005)

Rs.12,31,720

TOTAL

(

(

TOTAL· AMOUNT IRs.37.99.334 ((

I

4. The guarantee provided by you for the repayment of the funds invested for

CBTEPF by our clients are ag'ainst the investments hOlding to the tune of

RS.124 lacs. We are instructed to state that the PICUP has failed and

neglected in the payment of the periodical interest and over due interest on

the bonds despite of repeated reminders.

lv..

5. We are further instructed to state that, our cfients had sent a notice to you

dated 22 June 2005 requesting you to pay within a period of 15 days, the

overdue interest amount of RS.37,99,334/. along with penal interest rate for,

the delayed period failing which our client would have no option but to invoke

the guarantee. But there was no response received in respect of the above

mentioned notice.

("",

6. As PICUP has defaulted in payment of the periodical interest on the

investments pertaining to CBTEPF and inspite of our clients repeated

reminders, PICUP has not until now remitted the funds the repayment of

which is guaranteed by you, we are compelled along with you to also serve

on PICUP a legal notice requesting the payment of the interest overdue and

the redemption proceeds failing which legal action will be initiated against

the Corporation.

7. Name of the Bank.

a) State Bank of India is a Statutory Corporation constituted under SBI

Act 1955 and having their Corporate Office at State Bank Bhavan,

Corporate Centre, Nariman Point, Mumbai 400 021 and Branch officeat Securities Services Branch, 2nd floor, Mumbai Main Branch Bld9.,

Mumbai Samachar Marg, Mumbai 400 023.

b} The suit is proposed to be filed against PICUP and the Government

of Uttar Pradesh incase of non-payment in the specified time period

mentioned in this notice.

c) The suit is proposed to be filed in the DEBT RECOVERY TRIBUNAL

of judicature at Bombay or any other court competent to try the

cause.

8. Cause of Action:-

The cause of action arose on account of the default committed by PICUP on non

payment of the overdue interest and part redemption amount of security which in

any event our clients are entitled to on the captioned securities and not

acknowledging our clients notice to you dated 22 June 2006. Our clients have

therefore instructed us to call upon you jointly and severally to repay within 60

days (sixty) the amount of Interest as set out in the annexure hereto due to ourclients along with penal interest on the delayed period till the payment of interest

tll.dhruva & co...:I Adv')cales

CONTiNUATION SHEET·NO. (,

failing which our client shaH have no option but to invoke the -Guar

)

f

STATEMENT OF OUTSTANDING INTEREST & OVERDUE INTEREST AS ON 31/05/2006 Amount In RUpet8

Sr. Particulars of Security Security Code Half-Yearly Face Value Interest Due . Delayed period Intt. TOTAL AMOUNTNo. Intt. due on RECEIVABLE

No. of Days Amount

1 1_~.75%UP Pleup 2006 SR III 501024 15.03.2003 4300000/- 295625.00 809 1031992 13.75% UP Pleup 2006 SR III 501024 15.09.2003 4300000/- 295625.00 .625 797283 13.75% UP Pleup 2006 SR III 501024 15.03.2004 4300000/- 295625.00 443 56511 .•4 13.75% UP Pleup 2006 SR III 501024 15.09.2004 43 OQ000/- 295625.00 259 330395 13.75% UP Pleup 2006 SR III 501024 15.03.2005 4300000/- 295625.00 78 99506 13.00% UP Pleup 2009 501031 10.10.2004 2000000/- 130000.00 234 125017 13.00% UP Pleup 2009 501031 10.04.2005 2000000/- 130000.00 52 27786 13.00% UP Pleup 2009 501032 15.10.2004 21 00000/- 136500:00 229 128469 13.00% UP Pleup 2009 501032 15.04.2005 21 00000/- 136500.00 47 263710 13.40% UP Pleup 2007 # 501037 15.05.2005 40,00,000/- 185030.00 17 1327H 113.40% UP Pleup 2007 ## 501037 15.05.2005 26,00,000/- 56537.00 17 406

I

TOT A L - (A) 2252692.00 314922 2567614.00# From 15.11.2004 to 20.03.2005 I## From 21.03.2005 to 31.05.2005

30~ PART REDEMPTIQN DUE

13.40% UP Pleup 2007 50103721.03.2005 12,00,000/- 72 31720 1231720TOT A L -(8) 1231720GRAND TOTAL- (A) +(8) 3799334.00

----_ .. _--- -

I

••• ~I

"- '--.. ~

ANNt::'XuRE - ~C:t ••••.••C~.~.~ Bank of India,.- '~~. Qutstanding Maturities Statement

A! onOate: ~Q.S9P·20Q5

Secu rities Services Branch,Mumbai Main Branch bldg

Mumbai Sarnachar Marg,Fort, Mumbai-40002:Tel No: 226~5800, 22661765,22611287,22658435

Page No.: 11 ~Date: 13-0CI-05

.\, .--~----------------------------

SjlCurityCode SecurityDescription Ma!urltyDt PaymentDate RedemptionAmount Remarks

R'~tnDU9n .w0un! not Bt9Sly,dBMP BANGALQREMAHANAGARAPALIKE

r- 821019 13% KN BMP 2004 31/1212004 31/121;':004 _~6=O,000,000.00 - fYl o;t.t~ .V" ~ ~~ 7. ~---,A,*'MOfH1&'--- --------~=F~~'D

A?!-~-/~ ~ ~ -:bJ-. ~,Goj, Il'1.t..,. Q; ff? J..,~UJN~ :b~ ...-, ?4/8/2-H.t: ~ r7"" e-«: Vf;>-"'4~~{~.

60.000,000.00

--------T-~-_-----RlCH-'--- -'----+

501011

_ _!Qtal,jled8!JUltionAmount~RICHARDSON &---cR{1l1C11i.S7f9'12)LTii.-- - -------

, 12,50% CG RICHARO & CRUDDDAS 2004 0511112004 05111/2004

TotalRedemptionAmount: uti! Oll [100 00---

------~-------ForInternalUseOnly

State Bank Or India

l11 - A

- Wi" •••.....~.- Qutstanding Matyrities StatementAs on pate: 30-8'0-2005

) )

State Bank' of India,Securities Services Branch,Mumbai Main BranCh bldg

MUrT)balSamachar Ma,.g,Fort, Mumbal-40002:rei N~ i2665800, 22661765,22611287,22658435

Page No : 21'2

Date : 13-OCT-05

Security Code Security Description Payment Date 'Redemption AmountMaturity Dt

Part Redemption not Received

PGCL POWER GRID CORP LTD.

PICP

820122 10.90 POWER GRiD COR BONDXiSSUE 2015 21/061200521/06/2005

Total Redemption Amount:

PRADESHIYA INDV, & INVESTMENT CORP. OF V,P. LTD,

501037 13.40% PICUP 20071999-2000(11) 21/031200521/03/2005

Total Redemption Amount:

l.tz

91,630.00 A~Cfl.4-~. '7,~fM l"7/"J~.(',---91~6-30-00 ""A,;t

. ( (L '- '-

r",~"Ij·"""", .••State Bank of tndia .

...~. Securities Services Branch •Mumbai Main Branch bldg

Mumbai Samachar Marg.Fort. M'.Jmbai-40002:Tel No: 22605800. 22661765.22611287.22658435

Page No: 31 ~

Date: 13·QCT ·05

Outstanding Maturities ~tatelttentI•. ~,As on D.ate : 30-Sep-2005

Security Code Security Descrlptfon Maturity Dt Payment Date . Redemption Amount

• Sh9r;S RstdemptfpQ liP! 6ecelved• RBI RESERVE BANK OF INDIA

. 110031 14.00 % GOVT. STOCK 2005 . 111.09/2005 - 10091200S 120.000.00 .~~~~. m~·~-~ "'" IO)'T)~.r~ ~uJ4Q 07L~~1Jr"ole~- ~~~

~. 0'>-\- 4/'IJ/U-V..r.Total Redemption Amoljnt 120.000.00

i.

1.3

•

r'\ '

-- f::l"!.Ne'tV J( &- ~-

- -DETAILS OF DELAYED RECEIPT/LESS RECEIPT OF INTERST

,

# 6!Accounts-no.,,05 - JULY -2,SL.N cate Code Rate Particular Due on Reed. On FlICe r Interest .No. I

gory % Value ofI daysDela.- y1 PSU 350281 13.25 lCICI- 31-3-05 1-7-05 20,00,000 66,250 92• 2005

2 PSU 820066 6.68 POWER 12-2-05 4-7-05 10,00,00,000 71,089 ~32GRID ...CORP-2011

3 PSU 820068 6:68 POWER 12-2-05 4-7-05 10,00,00,000 71,089 232GRIDCORP-2012

•• STG 820058 13.10 APPFC- 1-7-05 23-7-05 6,00,000 39,300 232008

5 STG 360050 11.50 IOSI- . 5-7-05 14-7-05 15,00,000 3,450 62010

6 STG 36004.8 11.50. 1081- 9-1-05 14-7-05 22,90,000 4,887.50 52010

7 PSU 820070 7.70 NHPC- 30-6-05 7-7-05 5,00~00,OOO 38,50,000 72012

8 PSU 820083 7.70 NHPC 30-6-05 7-7-05 IS,OO,OO,OOO 1,15,50,000 7

tBONDS-2010

9 PSU 820084 7.70 NHPC 30-6-05 7-7-05 4,25,00,000 32,72,500 7 IBONDS-2010

10 PSU 820019 12.80 IRFCI- 1-]-05 15-7-05 5,00,00,000 3,32,329 15200S

.-

~

005

\

()

Accounts no- 11 JULY-200SSl..N

DETAILS OF DELAYED RECEIPT/LESS RECEIPT OF INn"~1

.. ~ .....-~---------'"~l~'·_.·lJtj~ I

/

..~+:::f;:f="J,IOide-f::t.-ra,;;cu;a, j """ on~~'-r~d;:~',,1s;;-:' ,=l'n'e

_r:'·N -C8te COde I e- Particular DueOf'! I Reed. On iFace Interest ~~;'lL ~ry Value days! 1 - ! - De~y I-I PSU 820043 8.63 POWERGRI 31-7-05 j 11-8-05 5,00,00.,000 .1 43,15,000 n

DroRP .2006 i

2 PSU 820044 8.63 t POWERGRI 31-7-05 ! 11-8-05 17,00,00,000 1,46,71,000 11I DCORP I2007j 3 PSU 820067 8.63 POWERGRI 31-7-05 ! 11-8-05 10,00,00,000 86~0,000 11o CORP II 201114 PSU 820077 8.63 I POWERGRI 31-7-05 11--8-05 30,00.,00,000 2,58,90,000 11· II o CORP ~J I2008 I!5 PSU 820085 8.63 POWERGRI 31-7-05 I 11-8-05 ! IS,OO,oo,OOO 1,29,45,000 11 Io CORP I

J20096 STG 510048 11.58 HPSEB 15-8-05 23-8-05 2,50,00,000 14,47,500 8 ,

I 2008 :7 STG 821066 13.00 MHVIOC- 15-8-05 23-8-05 8,00,00 ,00.0 1,04,00,000 8

1I 2007 II 8 STG 821093 I 14.0.0 WB·HINDU 15-122005 25-8-05 9,56,25,000 33,46,875 1253 jCOPLT- 15-3-2005 I Interest due I Iroo, ,15-6-2005 J 1 for II 2Quarters iI I also have iI j I I! I I not been iI I received till IDate. i

Accounts No- 08 AUGUST-200S

! Sl.N C8t-e Code Rate I Particular IDue on Reed. On I Face J IntereStl.NO. oflgory % I Value I I days !I I !I I I i Delay j

! 1 PSU 820044 8.63 1 POWERGRI 31-7-05 I 11-8-05 11,00,00,000 8,63,000 111 II I Io CORP II i j 20.07 I I II ,12 STG 360057 113.00 ! CG lOBI 2-6-05 11-8-05 11,12,000 7,280 171 Jil L 2007 j

AUGUST-200SAccounts No-09

FaceIVaJue1

InterestCode I Due onPOWERGRI 31-7-05 11-8-05Io CORP -I

~ __ ~==~~~~~~~~2~007 I, CG==-ID=B=I:----t-::;2;--6~-~0-;::-5---f-11-8-0s12007 I !

_/2,00,00,000 117,26,000. ~ 11 1

I -+ Ir 58,00-0--- . 3-:776 --- 71----1I I iI

r

\ 'l-. r DETAILS Of DELAYEDRfCEIPT/LESS RECEIPT Of.INTERSTAccounts No-OS ',1, !', ,,~ ., . I -1 . ',f" J~ ~ , •..• > t.· .: . tSEPnMBER-2005

t ' .•• ( .1..... I' (. i.,' r , oJ··.' • ..••••..~.. l,

SL cate Code Rate Particular Oueon .~ Reed. On Face Interest No.'.N gory % "'0. f . . ,Value .. , of:',' •• A

" ~ . daysDelay

1 PSU 350286 10.75 lOCI 28-8-05 ,2-9-05 80,000 4,300 52010

. '

2 PSU. 821103 9.00 IDFC 1-8-05 5-9-05 37,00,00,000 3,33,00,000- 342006 ~~ , !. .:~.-..'I

3 PSU 820124 13.75 MYSORE 1-9-05 6-9-05 42,00,000 2,88,750 5~, PAPER

4 STG 581027 13.00 MHGMIOC 16-9-05 21-9-05 , .~7 ,oorOOO • ' ..i '6,11,000 52007

5 STG 5810'30 13.50 MH 15-9-05 . 24-9-05 6,~!OOO 81,QOO 9....:. "'.GMIOC2015 .' :r.

6 STG 821163 13.50 MHTAPlD 15-9-05 28-9-05 17,00,000 2!29,500 132015

to' , i.. t ' . \

.J\. ..II

" ... ., i .' , I "

"

. .o'", -, .

- (

c.DEFAIl5 OF DELAYED RECEIPT ILESS RECEIPT OF1NTERST c:

At:~unts No-OS OCTOBER-200S r>

Rate%

r cate r Codegory I -

iPSU 1400043 7 7"

I

13.00

PSU 390004 15.002

Reed. On I Face1 Value· •.i

: ic ~:; ~5,OO/OO/OOO

I Interest f No-:--J r. 'of II I days I rj ! Delay j II 1,93,75,000 i 5 I />

;. I:

Particular Due on

BANKBONOSHUOCO 30-9-052007

6-10-05 1,47,000

3,50,00,000 ! 21'43'75~J_4 !----16,500 ••.•• /6 I

3 i STG 5a~016 12.25STG 3000246

Accounts N0-11

HPRIOC 1-10-052007CG IFCI 8-10-052011

5-10-05

14-10-05 1,00,000j ..r

OCTOBER-2005

I~L. cate Code Rate I Particular Due on Reed. On Face I Interest ,~flgory % Value ,I I II I ! days '• i Delav!11

I P.SU 400043 \7.75 ! ANDHRA 28-9-05 3-10-05 I 5,00,00,000 , 38,75,000 15 I! IBANK I I! I I • BONDS I I

12 STG ,311002 14.00 I CG ReeL 29-9-05 4-10-05 10,00,00 ,000 170,00,000 5 r2006L STG I 501001 12.30 I KLSFC 20-10-05 25-10-05 1,00,00,000 I 6,15,000 i5 Ii i 2007 __ ..._________._____._J_______ J____ .JAccounts N0-25 OCTOBER-200S

Cate Codegory

I Interest. I No. floflI days !I Dela), J

I ParticularI

Due on Reed. On ,FaceI Value

! 1i

I PSU ! 821104i I

! 9.55!

12I r STG ! 581016 /12.25

OCTOBER-200SAccounts No:08

MCRPB2008HPRIOC2007

1-10-05

i 2,86,5005-10-05 30,00,0001

! 4 !I I

5-10-05 35,00,000 i 2,14,375

I SL. f Cate ICode Ie- pa~cular 1Due on Reed. On Face : Interest~o~IN I gory I Value . of ,I _ I I I days jI I I I Delay.I j i i

i 1 j STG I 311002 14.00 CGREeL !29-9-05 4-10-05 60,00,000 4,20,000 'S il i 2006 I i ---------.--- I .-J

II

,e" -\.

J..(

OVER DUE INTERESTFrom Date 01/0412004 - TO Date 30/09/2005

C0

)

ANN~'tvl!.~ •..F

•Acliount Security Security Description··Code Code

Page.17 of 33

O8-OCT-OS 11 :5!

Face Value' Amount DueDate

Noof Interest'. •. days Rate' .•

CreditedDate

.....:....\F.-om 1001-10000 IANDHRA BNK ANOHRA BANK

EP.FOAC1· 400043 7.75% ANDHRA BANK 2009 BONDS

APPF AP POWER FIN CORP LTD

EPFOMAI~ 820056 13.10% APPFC 2008 OPT A3 SERIES 1112000EPFOMAI~ 820056 13.10% APPFC 2008 OPT A3 SERIES 1112000

EPFOMAI~ 820058 13.10% AP POWER FINANCE CORP 2008 01

EPFOMAI~ 820058 13.10% AP POWER FINANCE CORP 2008 01

BMP BAN GALORE MAHANAGARA PALIKE

EPFOAC1' 821019 13% KN BMP 2004

EPFOMAI~ 821019 13% KN BMP 2004

BOI BANK OF INDIA

EPFOAC2! 400010 14.20% BOI 20061

CNS CANARA BANK

EPFOAC2! 400030 9.40% CANARA BANK BONDS 2007 (SERIE~

EXIM EXIM BANK

EPFOMAI~ 370004 11.50% CG EXIM 2010 VIII

GJEB GUJRAT ELECTRICITY BOARD

EPFOMAI~ 510062 8.95% GEB 2016

GMID GODAVARI MARATHWADA IRRIG. DEVP

EPFOAC1' 581014 13.50% MH GMIDC RRB II SR 2007

EPFOAC1' 581014 13.50% MH GMIDC RRB II SR 2007

EPFDMAI~ 581027 13% GMIDC 2007

. ,. : ••:" --,.:1

5.00,00.000.~0

100.00

2,00,000.00

100.00

6.00,000.00

8.00.00.000.00

8.00,00,000.00

54,00.000.00

1,00.00,000.00

4.42.44,000.00

1,46,00,000.00

100.00

5.00,00.000.00

47,00,000.00

38,75,000.002810912005 03/1012005 7.75

SubTotal:

Interest Nb.of.· RemarksAmount Holidays :

4,171.00

4,171,00

2.431.00

1,0~0.00

3,089.00

1,323.00

7,863.00

2.817.00

2,817.00

5,834.00

1,210.00

1,210.00

1,718.00

1,718.00

3,251.00

3,251.00

1,463.00

1,463.00

5

32.750.00 1310712004 0210212005 204 13.1

13,100.00 0310712004 0210212005 214 13.139,300.00 01/0712004 0210212005 216 13.119,650.00 01/0112005 0510712005 185 13.1

SubTotal:

19.50,000.00 31/1212004 04101/2005 4 1319.50,000.00 31/1212004 0410112005 4 13

SubTotal:

7.66,800.00 31/0312005 0410412005 4 14.2

Sub Total:

9,40,000.00 0410112005 11/01/2005 7 9.4

Sub Total:

25,44,030.00 0810412004 1210412004 4 11.5

Sub Total:

14,71,380.00 21/0412005 2510412005 4 8.95

Sub Total:

12.94,520.00 11/0312005 1610312005 5 13.533,75,000.00 31/1212004 0410112005 4 13.56,11,000.00 16109/?005 21/09/2005 5 13

1 - f)~ ~.,)-~~u

~~~~~291C~() i/;o ~ ~tp,., 141...,/e3t-l ~'>-1?-;~"h 1../lJo[31 - Pre:....••.•••1:> I. 0"1'"1 t:>... ~ It;hlO¥ ~33-1 . c-.. 1r/ '"" 0 ~,.

..,~~~ 1/"4"~"'" ,"I"~r~-«.ret-..""'II7I'1 N.c4~ ~"7/.

~] O·J). ~~ed

~ J)7~.e~/~i

'1- ~-cT ~~ ",. Ju.r. I" trJtt4.hl). ~ 4.Im~uI.

2-tlt~~~~~

'~.

1_ 0 .~,~~- ~vI

1- A

"'-..-L

,'" .•.

,J__ J , __ / . \ ) .J

OVER QUE INTEREST•From DateO~/04I2004 • TO' Date 3010912005

Page 18 of 33

08-0cr -OS 11

Account • 'Securl\¥ SeQ,rtly Description' ", , • .. 'F-ice Value Amount Due Credited. Noof Interest • Interest No.of RemarksCode Code' '. Date D~te days' Rate • Amount Holidays

OMID

1IFtOmlool-lOOOO I

• OTID GOA TILLARI IRRIGATION DEVP. CORP.

EPFOMAI~ 510045 12.52% GOA TIL IRR DEV. 2005 5.00,00,000.00

-HP- - fitMACHAt:1'"RAOESH

EPFOAC1 f 510048 11.58% HPSEB 2008EPFOAC1' 510048 11.58% HPSEB 2008

EPFOMAI~ 510048 11.58% HPSEB 2008

\ EPFOMAI~ 510048 11.58% HPSEB 2006

2,50,00,000.00

2,50,00,000.00

2,50,00,000.00

2,50,00,000.00

HPFO HIMACHAL PRADESH FOREST DEVP.CORP

EPFOAC1' 500007 14.50% HP S·FOR-C 2005" SR

EPFO~lto 500007 14.50% HI" S·FOR-C 2005 " SR

10,00,00,000.00

10,00,00,000.00

HPRI H. P ROAD & OTHER INFRASTRl,/CTURE DEV CORPN LTD

EPFOAC1' 581016 12.25% HP IRDC 2007 5,00,00,000.00

, EPFO~Cl' 581016 12.25% HI" IROC 2007 5,00,00,000.00

EPFOMAlto 581016 12.25% HP IRDC 2007 5,00,00,000.00

EPFOMAIto 581016 12.25% HP IROC 2007 5,00,00,000.00

EPFOMAlto 581018 12.20% HP RIOC 2008 10;04,00,000.00

HUDC HOUSING & URBAN DEVP. CORP.

EPFOAC2! 390008 10 % HUDCO 2006 , 1,00,00,000.00EPFOAC1' 390013 13% HUDeO 2005 10,00,00,000.00

EPFOMAlto 390013 13% HUDCO 2005 5.00,00,000.00•EPFOAC8 390016 12.25% HUDCO 2006 23,00 ,000 .00EPFOAQ8 390016 12.25% HUDCO 2006 23,00,000.00

EPFOMAlto 390025 I 11.85% HUDCO BONDS SERIES XVIII B 200; 100.00

EPFOMAlto 390026 10% HUDCO BONDS SERIES XX111-C2012 100.00

Sub Total: ., .-, 'lAJ/, # I0"1 •

51 rlr)d~ . ,

~.'•••. .,1

OVER DUE INTERESTFrom Date 01/0412004 • TO Date 3010912005

ACcount Security Security Descrlpllon - ~-- --. Face Value - ----.--kiiount Due ~- Credlt8ci-- -Noot Intetasl • .i' .•• Code Code • . Date Data days Rate' •

r

-: _. 1 \./

Page.19.of 33

0~T-0511:5'

InlerestAmount

No.ot • Remarlls '._Holidays

HUOC

-------- ~--..,----- .--- -- ~----~- -- -- -- ~~rom 1001-10090 I;.

ICIC ICICI BANK LTO

EPFOMAI~ 350231 10.25% ICICI 2006 RIB III

EPFOMAI~ 350249 9.5% ICICI 2009 RIB 2 OPT II

EPFOMAI~ 350281 13.25%ICICI R.I.BONDS 2005 0898- RIB· ON

lOBI

EPFOMAI~ 360046 11.50% CG lOBI 2009 52 SLR

INDUSTRIAL DEVELOPMENT BANK OF INDIA

IFCI

EPFOAC8 300004 12.50% IFCI 2002 XV

INDUSTRIAL FIN. CORP. OF INDIA

EPFOMAI~ 300014

EPFOMAI~ 300014

EPFOMAI~ 300039

EPFOMAI~ 300040

EPFOMAI~ 300041

EPFOMAI~ 300047

EPFOMAI~ 300064

EPFOMAI~ 300074

EPFOMAI~ 300075

EPFOMAI~ 300077

EPFOMAI~ 300080

EPFOMAI~ 300081

14.25% IFCI 2005 XXII RRB 3

14.25% IFCI2005 XXII RRB 3

13% CG IFCI 200762 SLR

13% CG IFCI2008 64 SLR

13.50% CG IFCI 2003 65 SLR

13.50% IFCI 2005 XX

16.00% IFCI 2003 XI

13.00% IFCI 2007 SR. XXXII

14.25% IFCI 2006· XXVI

12.50% IFCI 2002 RIB 97·98

12.40% IFCI REGULAR RETURN BOND OPT

12.75%IFCI2005 REGULAR8ETURN BOND

EPFOMAI~ 300086 12.60% IFCI BONDS 2008 OPT II 40TH SE;RII

EPFOMAI~ 300236 12.90% IFCI2007(XXXIII-SERIES) R R B.QPT

EPFOMAI~ 300238 12.40%IFCI BONDS 2007. )('xxv1·SERIES

EPFOMAI~ 30

,~

'~ c ,<~-.~"':' .'., ~,

OVER DUE INTEREST• From Date 01/0412004· TO Dille 30/09/2005

Page 20 of 3:

w 08-0CT''05 1

, .' Account ·S.~urllY Security Oescrlptlpn' , : Face Vajue Amount Due Credited Noof I(lterest Interest' No.of'Code Code . Dale Date days' ~te Amount Holidays

IFCI . .!from 1001-10090 1EPFOMAI~ 300244 12.75% IFCI aONOS SR31

• EPFOMAI~ 300245 13%IFCI SR 28 RRS OPTION II

EPFOMAl~ 300249 13.10% IFCI RRB OPT·I SR-XXX1l2010 FV 1

.EPFOMAI~ 300250 14.35% IFCI PLS BONOS 2005 FV 1 LAC

lRBI- . 00. RECONSTRUCTION BANK OF INDIA

EPFOMAI~ 310003 11.50% CG IRBI2010 17 SLR

IRF,C INDIAN RAILWAY FINANCIAL CORP.

EPFOMAit< 820019 12.80% IRFCI2oo5

EPFOMAIt< 820019 12.80% IRFCI2oo5

KL KERALA

EPFOMAIt< 120083 14% KERALA SOL 20,05

'KPFC I KERALA POWER FINANCE CORP.

EPFOMAlt< 510065 10.25% KERALAPOWER FINANCE CORPN.

MJP MAHARASHTRA JEEVAN PRAOHIKARAN

EPFOAC1' 581012 13.50% MH MJP 2006 IV

EPFOMAIt< 581012 13.50% ~H MJP 2006 IV

MKVO MAti. KRISHNA VALLEY OEVP. CORP.

EPFOMAit< 8~1040 13.75% MH MKVDC 2004 VI SR

EPFOMAlt< 82118J MKVOC SR-2000lA·CRR 2005

NCRP NATIONAL CAPITAL REGION PLANNING BOARD

EPFOAC1' 821033 13.50% NCRPB 20061

100.00

100.00

100.00

100.00

6,07,68,000.00

5,00,00,000.00

5,00,00,000,00

100.00

29,00,000.00

5,00,00,000,00

4,00,00,000.00

5,00,00,000.00

14100,000.00

100,00

',.

96,705.00 01/1112004 11/1212004 40 12.75 '1,370.00 '] ~,j",..., -"""'"t" c ,1,04,712.00 01/11/2004 11/1212004 40 13 1,513.00 5 ~~, ~A~~~~-~ .6,78,623,00 01/1212004 2911212004 28 13.1 6,914.00 4 ,,})wr~~~1,29,740,0001/1212004 29/1212004 28 14.35 1,448.00 4 C~ U~-R~~'

SubTotal: 56,38,1,00

34,94,180.001211112004 1611112004 4 11.5 4,465.00 1 - 1)::Z::; ~k~~Sub Total: 4,465,00 ' j-!·~/~·

16,00,000.00 31/0312005 04/0412005 4 12,8 2,276.00 ~J Jle? ~,/; M.JiJv.le~J16,00,000.00 3010612005 04107/2005 4 12.8 2,276.00

Sub Total: 4,552,00 ~/W-/lu~ ..

91,000.00 24/1112004 31/1212004 37 14 1,309.00 5 - v-vwJ-0v lt~~Sub Total: 1,309.00 ee: ~ 'v~ 0>,'bv/Il-/~. NOtJ~,

1,48,625.0031/1212004 3010612005 181 10.25 7,659.00 32 - ~~ Ar~~"..J()), ) I '-I ~..It ' 'J.,...J;i~.-..rp.,"/,vI6/ P~e4 c..&-V~!'

33,75,000.00 30/0612004 07107/2004 7 13.5 8,859.00 :J O~",../..",(. ~)~,,,.r('AAVrrle..127,00.QOO.00 30/061200:4 07/0712004 7 13.5 7,086.00

Sub Total: 15,947,00

25,42,808.00 1510612004 22106/2004 7 13.75 6,798.00 1 3 O~~~ -(,..,..1;.>-

. ,~~

~ .;;.: '\ ') :J )jl

OVER DUE INTERESTFrom' Date 01/0412004 • TO Date 3010912005

Page 219(33

- 0~CT-0511:5I-"----------- ---~-

Account Security Security Description • Face Value' Amount Due 6redlted Noof Intere." Intetest No.of R';;';rks'- ~ -- - ,Code Code Oat.. Date • dayS Rlite:. Al!iounl Holidays

/F!9:m 1001-10000 - - - TINCRP'

EPFOMAI~ 821033 13.50% NCRPB 20061

EPFOAC2! 821096 10.85% NCRPB 2008

NHPC NATIONAL HYDROELECTRIC POWER CORPORATION

EPFOMAI~ 820070 7.70% NHPC BONOS 2012 MATURING 31/03.

EPFOAC1' 820083 7.70% NHPC BONOS 2010

EPFOMAI~ 8200M 7.70% NHPC BONOS 2009

NTC NATIONAL TEXTILE CORPN

EPFOMAI~ 821167 10% NTC GOVT.GUARANTEEO BONDS SER

PGCL POWER GRID CORP LTD.

EPFOAC8 820044 8.63%PGC07

EPFOAC9 820044 8.63%PGC07

EPFOMAI~ 820094 8.63% PGC BONOS OPTION·I SERIES Xiii S'

PNB PUNJAB NATIONAL BANK

EPFOAC2! 400028 9.40% PUNJAB NATIONAL BANK 2007

PSID PUNJAB STATE INDUS .DEV. CORP

EPFOAC8 821053 12.15 % PN IOC 2002 SR I

EPfOAC9821~~3 12.15 % PN IDe 2002 SR I

RBI RESERVE BANK OF INDIA

EPFOMAI~ 111>098 11.40% GOVT.STOCK 2008

RECL RURAL ELECRTIFICATION CORP.LTD.

EPFOAC2! 821127 7.25% REC BONOS. OPTION II

100.00

1.99,00,000.00

5.00.00.000.00

7.00.00.000.00

4.25.00.000.00

4.00.000.00

1,00.00,000.00

2,00.00.000.00

100.00

1.20.00,000.00

100.00

100.00

100.00

7,00.00,000.00

23.22.186.00 30/0412004 0510512004 5 13.5

21.59.150.00 31/0312005 04/0412005 4 10.85

SubTotal:

38.50,000.00 3010612005 07/0712005 7 7.7

53,90,000.00 3010612005 07/0712005 7 7.7

32,72,500.00 30/0612005 07/0712005 7 7.7

Sub Total:

40.000.0001/0412005 11/0412005 10 100

SubTotal:

8,63,000.00 30/0712005 11/0812005 12 8.63

17.26,000,00 30/0712005 11/0812005 12 8.63

1,07,875.00 0210812004 20/1012004 79 8.63

Sub Tota.l:

11,28.000.00 1211112004 1611112004 4 9.4

Sub Total:

27.246.00 31/08/2004 07l02l2005 160 12.1527,246.00 31/0812004 07/0212005 160 12.15

Sub Total:

2,42,250.00 2810212005 29/03/2005 29 11.4

4,354.00 ~}1)'?C~to't.rj~I'Ia1.

( ( i

'- "- '-

. ,.,.,.~ "

~ P~encl~

08.0CT ·05 11

_..-/ ,--,I ,,,,./

OVER OUE INTERESTFrom Date 01/0412004 ~TQ Date 30/09/2005

. .'Account s.curily Security Description" ~ . Face Value> '. Amount Oue CredIted Noof Interest Interest No.of RemarksCode Code. • . : pate Ollte ~.. days Rate AmOUflt Holidays ,

from JOOI-10000 IREel

t.RJEB RAJASTHAN STATE ELECTRICITY BOARD

EPFOAC1' 510041 12.25 % RJ SEe 2007 TAXABLE

EPFOMAI~ 510041 12.25 % RJ SEB 2007 TAXABLE

100.00

100.00

SAIL STEEL AUTHORITY OF INDIA LTD.

~PFOMAI~ 821166 10.25% SAIL 2007 SR1S-1122 100.00 .

TAPI TAPI IRRIGATION DEVELOPMENT CORpORATION

EPFOMAl~ 821163 13.50% TAPIIRRIGATION OEV.CORP.2015 ~ 17.00.000.00

UP UTTAR PRADESH

EPFOMAI~ 120185 14.000.4 UTTAR PRADESH sOL 2005 100.00

VIOC VIDARBHA IRRIGATION DEV. CORP

EPFQAC1" 821066 13 % MHVIOC 2007 INSTRU·A

EPFOMAI~ 821066 13 % MH VIOC 2007 INSTRU· A

EPFOMA'" 821066 13 % MH VIOC 2007 INSTRU· A

100.00

48,00,000.00

2,00.00,000.00

~we WEST BENGALEPFOMAI~ 120204 14.00% WEST BENGAL SOL 2005 100.00

• WBIF WEST BENGAL INFRASTRUCTURE DEVELOPMENT FIN. CORPEPFOMAI~ 501026 12.75% WB IDFCL 2007 SEr-IES I OPTION II• 19,00,000.00

SubTotal:

30.62,500.0021/1212004 30/1212004 9 12.2530.62,500.00 ·21/1212004 3011212004 9 12.25

SubTotal:

51,250.00 14/0712004 2011012004 98 10.25

Sub Total:

2,29,500.00 1510912005 2810912005 13 13.5

Sub Total:

87,500.00 24111/2004 31/12/2004 37 14

Sub Total:

8,54,795.00 15109/2005 19/09/2005 4 136,24,000.00 15/0812005 23/0812005 8 13

26,00,000.00 1510812005 2310812005 8 13

Sub Total:

70,000.00 24/1112004 3111212004 37 14

Sub Total:

4,088.00

9,379.00

-B.379.00

18,758.00

1,430.00

1,430.00

1,119.00

1,119.00

1,259.00

1,259.00

1.235.00

l,B03.00

7,511.00

10,549.00

1.007.00

1,007.00

12.75

Sub Total:

Total AI From 1001·10000 :

3.861.00

3,861.00

3,00,214.00

1,21.125.0001/04/2005 3010612005 90

1/ (~ck.U 1;.,)'.,,)04.1j ~"- i~~ ~\r'h.,( e...f '

14 _Po... ",pJIl-/1

~,',",

'I ... \ ) ) r).' ')

OVER DUE INTERESTFrom pate 01/0412004 • TO Date 30/09/2005

.. , ...Page 23 0(33

O&rOCT'()511:5E'.' • I

No.of Remarks'~olldays •

ACcOunt-security' Secvrlty Descriptio!! .- -- .'--- - ~Face Value .-~ • Amount Due Credited Noof Int\lre.t • -, InterestCode Code • • '., Date Date • days Rate ~ '. Amount

;A,NDHAA BNK ANOHRA BANK

IEromlOOOl~JOOOOO : I~· "- "-~-'~-~- .'. .,> -~'-~-- "- ~-, '.

E?FOMAI~ 400043 7.75% ANDHRA BANK 2009 BONDS 25,00,00.000.00

BOI BANK OF INDIA

EPFOMAI~ 400010 14.20% BOI 2006 I

EPFOAC1' 400018 11.95% 801200711

EPFOMAI~ 400018 11.95% BOI 2007 II

29.15.00.000.00

40.00,00.000.00

9.87.00.000.00

eNB CANARABANKEPFOAC1' 400()30 9.40% CANARA'BANK BONDS 2007 (SERIE~

EPFOMAI~ 400030 9.40% CANARA BANK BONDS 2007 (SERIE~

39.00,00.000.00

10.00.00.000.00 ,

EXIM EXIM BANK

EPFOMAI~ 370039 6.5% EXIM BONDS 2007 SR·F10 5.00.00.000.00

GJ GUJARAT

EPFOMAI~ 510044 12.50% GJ GIIIC 2007 10,00,00,000.00

GMID GODAVARI MARATHWADA IRRIG. DEVP

EPFOAC1' 581014 13.50% MH GMIDC RRB II SR 2007 5,00.00.000.00

HCL HINDUSTAN COPPER LTD. WB

EPFOMAI~ 821093 14% WB HINDU COP LT 2007 8.00,00.000.00

HPFO HIMACHAL PRADESH FOREST DEVP.CORP~EPFOAC1' 500007 14.50% HP S·FOR·C 2005 II SR

EPFOAC1' 500007 14.50% HP S·FOR·C 200511 SR

EPFOMAI,. 500007 14.50% HP S·FOR·C 200511 SR

EPFOMAI~ 500007 14.50% HP S·FOR-C 200511 SR

10.00.00.000.00

10.00,00.000.00

10.00.00.000.00

10.00,00.000.00

. :1 - 0·». ~~r.eIlcAl-r)M...",~1.93.75,000.00 28109/2005 03/10/2005 5 7.75 20.855.00

SubTotal: 20,855.00

4.13.93.000.00 31/0312005 04/0412005 4 14.2 65,309.00

~]~/t-~~/~;'4.78.00.000.00 31/0312005 0410412005 4 11.95 63,4.68.001,17.94.650.0031/0312005 0410412005 4 11.95 15.661.00

SubTotal: 1.44,438.00

3,66.60.000.00 04/0112005 11/0112005 7 9.4 67.006,001] UN~. ~ 11/"Or \

94.00,000.00 04/01/2005 1110112005 7 9.4 17,181.00 1 rJ.0 ~ rrur.J&l. ~ .J..U~Sub Total: 84,187.00 ~~(>.Af ,

32.50.000.00 21/0512005 0411012005 136 6.5 79.806.00 20-;;...r~~

SubTotal: 79,806.00~-uI+O~' ·'iOO2..J'""'2.-4/41~r. ~

~4 '."~, . ' .1,25.00,000.00 0810112005 10/0112005 4 12.5 17,361.00

1-D~~tb,.SubTotal: 17,361.00

"33.75.000.00 30/08/2004 08/07/2004 8 13.5 10.125.00 1_ O· b. ~~A/-~e,p/

Sub Total: 10,125.00

24.47.081.301510612004 1310912004 90 14 85.648.00 13 •..• 0 -D. 4~-~vll.Sub Total: 85,&ea.00 (~t~)

41.77.572.001510412004 21/04/2004 6 14.5 10.096.00 n O.~29,00,000.00 1511012004 2611012004 11 12,849.00 ~J~-rA~eA41,77.572.00 1510412004 21/04/2004 6 10.096.0029,00.000.00 1511012004 26110/2004 11 12.849.00

56

-; l, 1__

1. '" .-

_I _"

OVER DUE INTERESTFrom Date 01/0412004 • TO'Date 30/0912005

\ ... : Accc1\1nt ,S4Icurlty Security oesCtlptlon Face Value •. ~. Amount Oue Credited Noof Interest Interest" .No.of

Code • C~e • Date pate days Ra~ Amount Hol/days

P.age24 of 3

08-0CT-OS1

!From loool·iooooo· ) ~ - ~~---~~~-.HPFO •Ej:>FOAC1'sstoto 13.75% HP S·FOR-C SER 1/1EPFOAC1' 581010 13.75% HP S·FOR-C SER 11/EPFOMAlf'l581010 13.75% HP S·FOR-C SER Iii

5,00.00,000.005,00,00,000.005,00,00,000.00

HPRI H. P eRGI\£)& OTH1!R INFRASTRUCTUREDEV CORPN LTO

EPFOMAlf'I 581018 12.20% HP RIOC 2008 10,00,00,000.00EPFOMAIf'l581018 12.20% HP RIOC 2006 10,00,00,000.00

HUDC HOUSING & VRBAN OEVP. CORP.

EPFOAC1' 390006 10 % HUOCO 2006EPFOMAlf'I 390006 10 % HUOCO 2006EPFOAC1' 390016 12.25% HUOCO 2006EPFOAC1' 390016 12.25% HUOCO 2006

, EPFOAC2t 390016 12.25% HUOCO 2006EPFOAC2f 390016 12.25% HUOCO 2006EPFOMAIf'l39OO16 12.25% H!JDCO 2006EPFOMA/f'I 390016 12.25~ HUOCO 2006

38,65,00,000.0010,00,00,000.0010,00,00,000.0010,00,00,000.002,30,00,000.002,30,00,000.007,33,00,000.007,33,00,000.00

IFCI INDUSTRIAL FIN. CORP. OF INDIA

EPFOMAIf. 300003 16.25% IFCI 2003 FAMILY BOS 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00

EPFOAC2f300004 12.50% IFCI2oo2)(NEPFOAC9 300004 12.50% IFCI 2002)(N .EPFOMA//I 300006 14.50% IFCI2oo5 RI XXIEPFOAC1' 300007 14.75% IFCI 2003 RI XXIEPFOMAlf'I 3000071 14.75% IFCI 2003 RI XXIEPFOMA/f'I 300008 15% IFCI2OO3 RI XXIEPFOAC6 300009 12.50% IFCI 2004)(N1IEPFOAC2f 300013 14.20%IFCI 2005 xxvEPFOMA/f'I 300017 14.25% IFCI 2006 xxvEPFOAC8 300019 14.10% IFCI 2006 XXVIIEPFOAC l' 300045 14.90% IFCI2003 RIB XXI

66,75,000.00 3110812004 0610912004 6 13.7566,75,000.00 31/0812004 09/0912004 9 13.7568,75,000.00 31/0812004 0610912004 6 13.75

Sub Total:

61,00,000.00 01/0712004 0610712004 5 12.261,00,000.0001/0112005 07/01/2005 6 12.2

Sub Total:

3,86,50,000.00 2511012004 0111112004 7 101,00,00,000.00 2511012004 0111112004 7 1061,25,000.00 0610312005 31/0312005 23 12.2561,25,000.00 0610912005 0311012005 25 12.2514,08,750.00 0610312005 31/0312005 23 12.2514,08,750.00 0610912005 0311012005 25 12.2544,89,625.00 0610312005 31/0312005 23 12.2544,89,625.00 0610912005 03/1012005 25 12.25

Sub Total:

3,11,826.73 2710912004 2710112005 122 16.259,52,603.00 1510812004 23/1212004 191 12.53,33,411.00 1510612004 23/1212004 191 12.53,64,364.00 1510812004 ~·3/1212004 191 14.53,64,364.00 1510812004 2311212004 191 14.751.82,192.00 15/0812004 23/1212004 191 14.751,43,836.00 15/0812004 2311212004 191 153,25,411.00 15/0812004 23/1212004 191 12.5

13,00,000.00 1510812004 23/1212004 191 14.28,63,014.00 1510612004 2311212004 191 14.253.07,480.00 1510812004 2311212004 .191 14.1

4,55,479.00 15/0612004 23/1212004 191 14.9

15,755.0023,633.0015,755.00

1,01,033.00

10,336.0012,403.00

22,739.00

75,153.0019,444.0047,937.0052,105.0011,025.0011,964.0035,138.0038,193.00

2,90,979.00

17,172.00 1763,176.00 2722,112.00 2728,032.00 2728,516.00 2714.258.00 2711,447.00 2721,581.00 2797,941.00 2765,247.00 2723.002.00 2736,007.00 27

lJ . 'j..- _. .L --..~ O.».M'\-~-~vJ

:J ~,!>, W~~~u>I17 r:","v,.e;:-r~o(pk :b(/'O)O~1 J n·VlA.-t~,,- ~~ CJ../»".~eA.

ij' 0.'~-~'~4

!'-VV\..vJ--.l~-.A,..,Uc.t&.'-~_k ..".N~,c~u.,(;'.~ i:» Ifl\~/).,J- M-J ,J...;

· ,", OVER DUE INTERESTFrom Date 01/0412004 • TO Date 30/09/2005

-, '"""' '\J

--- '\'\ I ' ', ,

Page 25 of33

, ' ., • • 08-OCT-0511:~

4ccount Security' Sec:utlty Description' " Face Valu" , ," Amoun't bue Credited .'. Noof. 'nterest .' .•. Interest . No.of Remar.ksCQde Code • Ollie .Date ., 'days Rate • Amount < Hollda)'s

- --- ---- - -------- ---- - ------ - - - -- ----- - -- -- -- -- -

IFC.

!Fro:n 10001-1'00:000 • :. I

lOB INDIAN OVERSEAS BANK

EPFOMAI~ 821125 7.45% lOB BONOS

KNNL KARNATAKA NEERVARI NIGAM LTD.

EPFOAC1' 581019 13 % KN KNNL 2007 III SR

100.00

10.00.00.000.00

EPFOAC1' 821044 13.65% MH ROC 2004 II

EPFOMAI~ 821044 13.65% MH ROC 2004 II

MHRD MAHARASHTRA STATE ROAD DEVELOPMENT CORP. LTO,

5.00,00.000.00

5,24.00.000.00

MJP MAHARASHTRA JEEVAN PRADHIKARAN

EPFOAC1' 581005 14.50% MH MJP 200511

EPFOAC1' 581005 14,50% MH MJP 200511

EPFOMAI~ 581005 14.50% MH MJP 200511

EPFOMAI~ 581005 14.50% MH MJP 20051/

10,00,00.000.00

10.00.00,000.00

10,00,00.000.00

10,00,00.000.00

EPFOMAI~ 340008 12.50% CG NABARD 2004 14SLR

NASO NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT

1,00,00,000,00

NCRP NATIONAL CAPITAL REGION PLANNING BOARD

EPFOAC1' 821096 10.85% NCRPB 2008

EPFOMAI~ 821096 10.85% NCRPB 2008

NHAI NATIONAL HIGHWAYS AUTHORITY OF INDIA

EPFOMAI~ 560012 7.10% NHAI BONDS, OPTION III. (31.12.07;

NHPC NATIONAL HYDROELECTRIC POWER CORPORATION

42.06.00.000.00

20,00,00,000.00

45,00,00,000,00

SubTotal: 4,28,491.00

34,227.00

34,227.00

23,472.00

23,472.00

12,939.00

13,560.00

26,499.00

96,365.00

26,281.00

96,365.00

26,281.00

2,45,292,00

21,918.00

21,918.QO

55,016.00

26,161.00

81,177.00

2,75,65.000.00 2610412005 0210512005 6 7.45

Sub Total:

1,30,00,000.00 0110412004 0610412004 5 13

SubTotal:

68,25,000.00 01/0912004 06/0912004

71,52,600.00 01/09/2004 06/0912004

55

13.65

13.65

Swb Total:

72,50,000.00 30/0412004 02106/2004 33 14.5

72,50,000.00 30/1012004 0811112004 9 14,5

72,50,000.00 30/0412004 0210612004 33 14.5

72,50,000.00 30/1012004 0811112004 9 14.5

Sub Total:

6,25,000.00 2610412004 0510812004 101 12.5

Sub Total:

4,56,35,100,00 31/0312005 04104/2005 4 10,85

2,17,00,000 .00 31/0312005 04/0412005 4 10.85

Sub Total:

35,14,500.00 01/0412004 27104/2004 26 7.1

.•.. 'I

'.

1 ~~aJ,...Az "&-o/~/o,.r~,lz,... ~~eA .

1 - C· t>. ~"'t-..J- ~uI . I

~] D,k.2'p{,.,..,~_A;' k,..~~"'j

~J4r/~·

:]O,]).~~uI ,5 I2

15 -~-J'~d..Jz ~ I/?- ~lIef .~i-o OTJ,"'.'1/1)i

:33e~,"':'A~~"~/~.',

6-~,r~~'1-r!J-S1~"'O~:

S!

L ('- '-

."'" OVER DUE INTERESTFrom Qate 01/0412004 • TO Qate 30/09/2005

. Page 26 of 3:08-0CT-OS 1/Fiom IOOOJ-lOpOO~ I :NHPC. -

EPFOAC1' 820069 7.70% NATIONAl HYDRO-ELECTRIC POWE

EPFOAC1' 820070 7_70% NHPC BONDS 2012 MATURING 31/03.

EPFOMAI~ 820083 7.70% NHPC BONDS 2010

EPFOAC2l820084 7.70% NHPC BONDS 2009

NTC NATIONAL TEXTILE CORPN

EPFOW,I~ 821167 10% NTC GOVT.GUARANTEED BONDS SER

, PGCL POWER GRID CORP LTD.

EPFOl\C1' 820043 8.63% PGC06

EPFOAC1' 820044 8.63%PGC07

EPFOMAI~ 820044 8.63%PGC07

EPFOAC1' 820067 8.63% POWER GRID CORr-ORA TION BOND!

EPFOMAJ~ 820073 8.63% POWER GRID CORP. BONDS2010

EPFOAC1' 820077 8.63% POWER GRID CORPORATION 2008 e,EPFOMAI~ 820077 8.63% POWER GRID CORPORATION 2008 eEPFOACI' 820085 8.63% PGC BONDS 2009

PNB PUNJAB NATIONAL BANK

EPFOAC1' 400028 9.40% PUNJAB NATIONAL BANK 2007

EPFOMAI~ 400028 9.40% PUNJAB NATIONAL BANK 2007

PNEB PUNJAB STATE ELEC.BOARD

EPFOACI' 511001 14.75% PN SEB 2004 SER I

• PUNJAB ROAD & BRIDGE DEVP. CORP.PRSD. EPFOMAI~ 821031 14.25% CG PRBDB 2005 I

PSID PUNJAB STATE INDUS .DEV. CORP

37,00.00,000.00

15,00,00,000.00

15,00,00,000.00

10,00,00,000.00

100:00

5,00,00,000.00

17,00,00.000.00

10,00,00,000.00

10,00,00,000.00

25,00,00,000.00

30,00,00,000.00

5,00,00,000.00

15,00,00,000.00

68,70,00.000.00

20,40,00,000.00

10,00,00,000.00

3,33,33,333.00

2,84,90,000.00 3010612005 07107/2005 7 7.7 42,656.00 'JJ,.J-~~~1,15,50,000.00 3010612005 07107/2005 7 7.7 17,293.00 1 ~"k>"",,,~~1,15,50,000.00 3010612005 0710712005 7 7.7 17,293.00 1 ~f

.", -- Page 27 of 33Oa..ocT-0511:5E

\._ __ __ _ _ ' __ .. ~ ----'- ~~~. ._ _ _....L _ _ •

'-', -... ~ -'". \ . ~...•..•) '\ . .-...,.---j ~I

)

OVER DUE INTERESTFrom Dale 0110412004- TODale 3010912005

Accoun'i- Security Security Descrlpllon: • Face Va(ui '" . Amount'oue--'--c;re- dlled Noof !hleresl,' ---- . - .: -',nler •• i-~-'NOoof - - R;matb----Code· Code ',,' .' .Date Date • days Rale < ~ Amount, Holidays ,

IF'rom 10001-100000 --~'-I.PSIO

EPFOMAI~820045 11.74%PSIDC BONDS(2001) 1ST SERIES• EPFOAC1' 821053 12.15 % PN IDC2002 SR I