RESEARCH February 2012 Cc RB customised Research Bulletinge a CRISIL CRBexsene Research latin About CRISIL Limited CRISILis a global analytical company providing ratings, esearch, and rsk and policy advisory services. We are India's leading ratings agency. We are also the foremost provider of high-end research tothe word's largest banks and leading corporations. About CRISIL Research CRISIL Research sInaia's largest independent and intograted research house. We provide insights, opinions, and analysis onthe Indian economy, industries, capital markels and companies. We are India's most credible provider of economy and industry research, Our industy research covers 70 sectors ands known fo is rch insights and perspectives. Our analysis is supported by inputs from our network of more than 4,500 primary sources, including industry experts, industry associations, and irade channels. We play akey rlein Incia's fixed income markets. We are India's largest provider o valuations of ixedincome secures, serving the ‘mutual fund, insurance, and banking industries. We are the sole provider of debt and hybrid indices to India's mutual fund ane We insurance industries. We pioneered independent equity research n India, and are today India's largest independent equity research house. Our defining alti the ability to conver information and data into expert judgements and forecasts with comalete objectivity. \We leverage our deep understanding of the macroeconomy and our extensive sector coverage to provide unique insights on micro- macro and cross-sectoral linkages. We deliver our research through an innovative web-based research platform. Our talent pool comprises economists, sector experts, company analyst, andinformation management specialists. CRISIL Privacy CCRISIL respec your privacy We use your contact information, suchas your nam, adress, nd ema to fll| your request and service your ‘acount and te previ you wih adconalnfrmation rom GRISIL and other parts of The MeGraw-+ll Companies, Ine. you may foes For furterinformation ort let us know you preferences wih respectto receiving marketing mates, please vstwww.crsl comrvacy. Youcan view MeGraw-His Customer Privacy Poy stp: vaw.megrawnl comsteftooaipivacyiprvacyenglsh Last updated: $1 March, 2011 Disclaimer CCRISIL Research, a dvsion of CRIIL Limited (CRISIL), has ken due care and catonin preparing his Reportbased onthe information obtained by CRISIL rom sources whichitconsiers able (Data). However, CRISIL doesnot quaanteethe accuracy, adequacy ot completeness othe Data 1 Report and isnot responsible for any errors or omissions or forthe results oblainod ftom the use of Data / Report. This Ropot is nota recommendation invest dsinvestinany company covered nthe Report CRISL especal states tatthas no nancial ably whatsoever tothe subsesber/usrs/trarsmitors/dstbutor ofthis Report. CRISIL Research operates independent of and doesnot have access normation obtained by CRISIL's Ratings Division / ORISIL Risk and Inastructue Solon Limited (CRIS), which may, the gular operatons, obtain Invomation ofa confidentalnature. The vows expressed this Report aretha of CRISIL Research sndnot of CRISIL'sRatings Dvsion / CRIS. No partafths Report may be published epraduced inany form without CRISIL'sprirwaiten aravaCIS! Key Offerings Industry Market Sizing Demand/Supply Gap Analysis Input/Commodity Price Forecasting Impact Analysis of Economie/Regulatory Variables e Competitive Benchmarking Valuation studies Evaluation of various business models = Customised Credit Reports Vendor Assessment 5] Project Feasibility/Pre-feasibilty Studies Techno-economic viability studies (TEV) Project Vetting = Location identification/assessment Sensitivity Analysis LCA arly Cui = Infrastructure a Power Leela) merely PSCC = Hotels & Hospitals = Oil & Gas eed CRISIL Industry Research covers 70 industries