MIRA INFORM REPORT

Report Date :

17.12.2011

IDENTIFICATION DETAILS

Name :	HYPERCITY RETAIL (INDIA) LIMITED (w.e.f. 30.03.2007)
Formerly Known As :	HYPERCITY RETAIL (INDIA) PRIVATE LIMITED (w.e.f. 04.03.2005) RAINBOW RETAIL PRIVATE LIMITED
Registered Office :	Plot No. C-30, Block ‘G’, Opposite SIDBI, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	27.05.2004
Com. Reg. No.:	11-146577
Capital Investment / Paid-up Capital :	Rs.2799.500 Millions
CIN No.: [Company Identification No.]	U52510MH2004PLC146577
TAN No.: [Tax Deduction & Collection Account No.]	MIUMR16595F
PAN No.: [Permanent Account No.]	AACCR8461K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Retail Store Business
No. of Employees :	1200 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 180000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established chain of retail stores. Financial position of the company is moderate. Profitability is under pressure. There appears to be huge accumulated losses in the company. However trade relations are fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with slight caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

INFORMATION PARTED BY

Name :	Mr. Rohit Mistry
Designation :	Assistant Manager
Contact No.:	91-9870004370
Date :	15.12.2011

LOCATIONS

Registered Office :	Plot No. C-30, Block ‘G’, Opposite SIDBI, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India
Tel. No.:	91-22-26564000 / 26002177
Mobile No.:	91-9870004370 (Mr. Rohit Mistry)
Fax No.:	91-22-26564909
E-Mail :	prashant.mehta@shppersstop.com rohit.mistry@hypercityindia.com bharat.sanghavi@shopperstop.com
Website :	http://www.hypercityindia.com
Location :	Owned
Corporate Office :	“Paradigm”, A Wing, 1^st Floor, Mindspace, Malad Link Road, Malad (West), Mumbai – 400 064, Maharashtra, India
Tel. No.:	91-22-40695555
Fax No.:	91-22-40032120
Location :	Owned
Retail Stores :	Located at · Malad · Vashi · Thane · Jaipur · Hyderabad · Bangalore (2 Stores) · Amritsar · Ludhiana · Bhopal

DIRECTORS

As on 25.07.2011

Name :	Mr. Chandru Lachmandas Raheja
Designation :	Chairman
Address :	Raheja House 53, A Pali Hill, Bandra (West), Mumbai – 400 050, Maharashtra, India
Date of Birth/Age :	12.10.1940
Qualification :	S.S.C.
Date of Appointment :	27.05.2004
DIN No.:	00027979

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45200MH1973PTC017018	K. Raheja Private Limited	Director	17-11-73	17-11-73	-	Active	NO
2	U70100MH1982PTC026374	Ivory Properties and Hotels Private Limited	Director	18-02-82	18-02-82	-	Active	NO
3	U70100MH1982PTC027542	Beach Haven Properties Private Limited	Director	27-07-83	27-07-83	09-08-11	Active	NO
4	U55100MH1979PTC021866	K Raheja Corporation Private Limited	Director	10-08-83	10-08-83	-	Active	NO
5	U45202MH1982PTC027546	Palm Shelter Estate Development Private Limited	Director	20-02-85	20-02-85	-	Active	NO
6	U55101MH1986PTC038538	Chalet Hotels Private Limited	Director	06-01-86	06-01-86	-	Active	NO
7	U65920MH1987PTC044156	Wiseman Finance Private Limited	Director	23-07-87	23-07-87	-	Active	NO
8	U45200MH1982PTC027587	Casa Maria Properties Private Limited	Director	08-01-88	08-01-88	-	Active	NO
9	U45200MH1982PTC027611	Nandjyot Properties And Hotels Private Limited	Director	01-08-88	01-08-88	-	Active	NO
10	U70100MH1982PTC027471	Amber Apartment Makers Private Limited	Director	15-03-89	15-03-89	-	Active	NO
11	U85110KA1990PTC010775	K Reheja Hotels and Estates Private Limited	Director	26-02-90	26-02-90	09-08-10	Active	NO
12	U14102KA1985PTC007215	Formost Granite Exports Private Limited	Director	16-04-90	16-04-90	15-02-08	Active	NO
13	U45200MH1985PTC036601	Anbee Constructions Private Limited	Director	29-08-94	29-08-94	-	Active	NO
14	U45202MH1984PTC033068	Raghukool Estate Developement Private Limited	Director	29-08-94	29-08-94	-	Active	NO
15	U51900MH1994PTC081337	Cape Trading Private Limited	Director	22-09-94	22-09-94	-	Active	NO
16	U51900MH1994PTC082255	Capstan Trading Private Limited	Director	21-10-94	21-10-94	-	Active	NO
17	U74140MH1995PTC093179	Knight Frank(India) Private Limited	Director	11-04-96	11-04-96	23-05-07	Active	NO
18	U45200MH1996PTC103640	Touchstone Properties and Hotels Private Limited	Director	30-10-96	30-10-96	11-08-11	Active	NO
19	L51900MH1997PLC108798	Shoppers Stop Limited	Director	16-06-97	16-06-97	-	Active	NO
20	U74140MH1997PTC108799	K. Raheja Services Private Limited	Director	16-06-97	16-06-97	09-08-11	Active	NO
21	U55200MH1974PLC017128	Juhu Beach Resorts Limited	Director	06-02-07	31-12-98	-	Active	NO
22	U45200MH1999PTC117748	Inorbit Malls (India) Private Limited	Director	01-01-99	01-01-99	-	Active	NO
23	U55101MH1999PLC121626	Carin Hotels Limited	Director	07-09-99	07-09-99	-	Active	NO
24	U45200AP2003PTC041083	K.Raheja It Park (Hyderabad) Private Limited	Director	02-06-03	02-06-03	-	Active	NO
25	U45200MH2003PTC142869	BKC Properties Private Limited	Director	24-10-03	24-10-03	12-07-07	Active	NO
26	U45200MH2003PTC143609	Neogen Properties Private Limited	Director	06-01-04	06-01-04	22-07-08	Active	NO
27	U52510MH2004PLC146577	Hypercity Retail (India) Limited	Director	27-05-04	27-05-04	-	Active	NO
28	U45200MH2004PTC146464	K. Raheja Corporate Services Private Limited	Director	27-12-04	27-12-04	27-03-08	Active	NO
29	U67190MH2005PTC153381	K.Raheja Venture Capital Management Private Limited	Director	18-05-05	18-05-05	09-08-11	Active	NO
30	U74999MH2005PTC156244	Paradigm Logistics and Distribution Private Limited	Director	20-12-05	20-12-05	-	Active	NO
31	U70100MH2005PTC154307	Cavalcade Properties Private Limited	Director	12-01-06	12-01-06	-	Active	NO
32	U45200MH2006PTC158775	Stargaze Properties Private Limited	Director	12-01-06	12-01-06	11-08-11	Active	NO
33	U45200MH2005PTC157987	Sycamore Properties Private Limited	Director	12-01-06	12-01-06	10-08-11	Active	NO
34	U45200MH2005PTC154472	Opul Constructions Private Limited	Director	16-01-06	16-01-06	11-08-11	Active	NO
35	U45201MH2006PTC163086	Convex Properties Private Limited	Director	14-07-06	14-07-06	17-08-11	Active	NO
36	U45201MH2006PTC163097	Aqualine Properties Private Limited	Director	14-07-06	14-07-06	10-08-11	Active	NO
37	U45201MH2006PTC163110	Horizonview Properties Private Limited	Director	15-07-06	15-07-06	11-08-11	Active	NO
38	U70101MH2004PTC146226	Grandwell Properties And Leasing Private Limited	Director	16-08-06	16-08-06	-	Active	NO
39	U55101KL2006PTC020125	Chalet Hotels and Properties (Kerala) Private Limited	Director	22-12-06	22-12-06	-	Active	NO

Name :	Mr. Nagesh Satyanarayan Basavanhalli
Designation :	Vice Chairman
Address :	Park Plaza, 81 and 82, 8^th Floor, B-Wing, New Yari Road, Versova, Andheri (West), Mumbai – 400 061, Maharashtra, India
Date of Birth/Age :	12.04.1959
Qualification :	M.B.A.
Date of Appointment :	23.05.2005
DIN No.:	00027595

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U52396MH1999PLC122528	Crossword Bookstores Limited	Director	30-04-01	30-04-01	-	Active	NO
2	U51900MH1995PLC095115	Upasna Trading Limited	Director	30-10-02	30-10-02	20-04-10	Active	NO
3	U72900MH2000PLC124178	Shoppers' Stop.Com (India) Limited	Director	30-10-02	30-10-02	20-04-10	Active	NO
4	U74999MH2000PLC124945	Shopper's Stop Services (India) Limited	Director	30-10-02	30-10-02	20-04-10	Active	NO
5	U74140MH2003PTC141033	Nagesh (BSN) Consults Private Limited	Director	25-06-03	25-06-03	-	Active	NO
6	U70100MH2002PTC137766	Avacado Properties And Trading (India) Private Limited	Director	10-07-03	10-07-03	20-04-10	Active	NO
7	U91990MH2005GAP151959	Retailers Association of India	Director	14-03-05	14-03-05	-	Active	NO
8	L51900MH1997PLC108798	Shoppers Stop Limited	Director	26-07-11	01-04-05	-	Active	NO
9	U52510MH2004PLC146577	Hypercity Retail (India) Limited	Director	23-05-05	23-05-05	-	Active	NO
10	U52100MH2007PLC170243	Gateway Multichannel Retail (India) Limited	Director	24-04-07	24-04-07	20-04-10	Active	NO
11	L15140MH1988PLC049208	Marico Limited	Director appointed in casual vacancy	16-07-10	16-07-10	-	Active	NO
12	U85191MH2011NPL222545	Trrain Foundation	Director	29-09-11	29-09-11	-	Active	NO

Name :	Mr. Ravi Chandru Raheja
Designation :	Director
Address :	Raheja House 53, A Pali Hill, Bandra (West), Mumbai – 400 050, Maharashtra, India
Date of Birth/Age :	23.09.1971
Qualification :	M.B.A.
Date of Appointment :	27.05.2004
DIN No.:	00028044

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U52323MH1991PTC063781	Euroweave Exports Private Limited	Director	30-10-91	30-10-91	-	Active	NO
2	U45200MH1973PTC017018	K. Raheja Private Limited	Director	02-02-93	02-02-93	-	Active	NO
3	U45202MH1982PTC027546	Palm Shelter Estate Development Private Limited	Director	02-02-93	02-02-93	-	Active	NO
4	U45200MH1985PTC036601	Anbee Constructions Private Limited	Director	29-08-94	29-08-94	-	Active	NO
5	U55101MH1986PTC038538	Chalet Hotels Private Limited	Director	04-09-95	04-09-95	-	Active	NO
6	U45200MH1996PTC103640	Touchstone Properties And Hotels Private Limited	Director	30-10-96	30-10-96	-	Active	NO
7	U55100MH1979PTC021866	K Raheja Corp Private Limited	Director	12-12-96	12-12-96	-	Active	NO
8	U70100MH1982PTC026374	Ivory Properties and Hotels Private Limited	Director	12-12-96	12-12-96	-	Active	NO
9	U70100MH1982PTC027542	Beach Haven Properties Private Limited	Director	12-12-96	12-12-96	09-08-11	Active	NO
10	L51900MH1997PLC108798	Shoppers Stop Limited	Director	16-06-97	16-06-97	-	Active	NO
11	U74140MH1997PTC108799	K. Raheja Services Private Limited	Director	16-06-97	16-06-97	09-08-11	Active	NO
12	U85110KA1990PTC010775	K Reheja Hotels and Estates Private Limited	Director	26-12-97	26-12-97	-	Active	NO
13	U51900MH1994PTC081337	Cape Trading Private Limited	Director	01-12-98	01-12-98	-	Active	NO
14	U51900MH1994PTC082255	Capstan Trading Private Limited	Director	01-12-98	01-12-98	-	Active	NO
15	U45200MH1982PTC027587	Casa Maria Properties Private Limited	Director	01-12-98	01-12-98	-	Active	NO
16	U45202MH1984PTC033068	Raghukool Estate Developement Private Limited	Director	01-12-98	01-12-98	-	Active	NO
17	U55101MH1999PLC121626	Carin Hotels Limited	Director	07-09-99	07-09-99	-	Active	NO
18	U52396MH1999PLC122528	Crossword Bookstores Limited	Director	03-11-99	03-11-99	-	Active	NO
19	L22100MH1981PLC024052	Next Mediaworks Limited	Director	07-09-00	07-09-00	19-01-08	Active	NO
20	U65990MH1986PTC041752	Louisiana Investment and Finance Private Limited	Director	24-11-00	24-11-00	09-08-11	Active	NO
21	U45200AP2003PTC041083	K. Raheja It Park (Hyderabad) Private Limited	Director	02-06-03	02-06-03	-	Active	NO
22	U45200MH2003PTC142869	BKC Properties Private Limited	Director	24-10-03	24-10-03	-	Active	NO
23	U45200MH2003PTC143610	Serene Properties Private Limited	Director	23-12-03	23-12-03	-	Active	NO
24	U45200MH2003PTC143609	Neogen Properties Private Limited	Director	23-12-03	23-12-03	22-07-08	Active	NO
25	U70101MH2004PTC146226	Grandwell Properties And Leasing Private Limited	Director	12-05-04	12-05-04	-	Active	NO
26	U70101MH2004PTC146227	Newfound Properties And Leasing Private Limited	Director	12-05-04	12-05-04	-	Active	NO
27	U70101MH2004PTC146231	Uptown Properties and Leasing Private Limited	Director	12-05-04	12-05-04	28-09-11	Active	NO
28	U52510MH2004PLC146577	Hypercity Retail (India) Limited	Director	27-05-04	27-05-04	-	Active	NO
29	U45200MH1999PTC117748	Inorbit Malls (India) Private Limited	Director	27-05-04	27-05-04	-	Active	NO
30	U07010KA2004PTC033984	G Corp Projects Private Limited	Director	29-09-07	04-06-04	-	Active	NO
31	U51432MH2000PTC130106	Hornbil Trading Company Private Limited	Director	30-09-11	17-06-04	-	Active	NO
32	U45200MH2004PTC146464	K. Raheja Corporate Services Private Limited	Director	27-12-04	27-12-04	27-03-08	Active	NO
33	U45200MH2005PTC152224	G. Corporation Neerav Developers Private Limited	Director	28-03-05	28-03-05	-	Active	NO
34	U70100MH2005PTC154307	Cavalcade Properties Private Limited	Director	28-06-05	28-06-05	-	Active	NO
35	U45200MH2005PTC154472	Opul Constructions Private Limited	Director	05-07-05	05-07-05	-	Active	NO
36	U74999MH2005PTC156244	Paradigm Logistics and Distribution Private Limited	Director	21-09-05	21-09-05	-	Active	NO
37	U45200MH2005PTC157367	Trion Properities Private Limited	Director	17-11-05	17-11-05	-	Active	NO
38	U45200MH2005PTC157987	Sycamore Properties Private Limited	Director	12-12-05	12-12-05	10-08-11	Active	NO
39	U45200MH2006PTC158775	Stargaze Properties Private Limited	Director	10-01-06	10-01-06	-	Active	NO
40	U55100MH2005PTC152999	Grange Hotels and Properties Private Limited	Director	16-01-06	16-01-06	-	Active	NO
41	U72100MH2006PTC160261	Genext Hardware and Parks Private Limited	Director	03-03-06	03-03-06	-	Active	NO
42	U67190MH2005PTC153381	K.Raheja Venture Capital Management Private Limited	Director	03-06-06	03-06-06	09-08-11	Active	NO
43	U45201MH2006PTC163097	Aqualine Properties Private Limited	Director	14-07-06	14-07-06	-	Active	NO
44	U45201MH2006PTC163086	Convex Properties Private Limited	Director	14-07-06	14-07-06	17-08-11	Active	NO
45	U45201MH2006PTC163110	Horizonview Properties Private Limited	Director	15-07-06	15-07-06	-	Active	NO
46	U70102AP2006PTC050883	Sundew Properties Private Limited	Director	11-08-06	11-08-06	-	Active	NO
47	U45200AP2006PTC050930	Intime Properties Private Limited	Director	22-08-06	22-08-06	-	Active	NO
48	U45201MH2006PTC165002	Ambit Malls Private Limited	Director	29-09-06	29-09-06	-	Active	NO
49	U93090MH2006PTC166321	Imperial Serviced Offices Private Limited	Director	19-12-06	19-12-06	09-08-11	Active	NO
50	U55101KL2006PTC020125	Chalet Hotels and Properties (Kerala) Private Limited	Director	22-12-06	22-12-06	-	Active	NO
51	U45200MH2007PTC167179	Novel Properties Private Limited	Director	22-01-07	22-01-07	09-08-11	Active	NO
52	U74999MH2007PTC168221	Gleamer Properties Private Limited	Director	28-02-07	28-02-07	09-08-11	Active	NO
53	U74999MH2007PTC168360	Immense Properties Private Limited	Director	05-03-07	05-03-07	-	Active	NO
54	U70102MH2007PTC168611	Accord Real Estate Development Private Limited	Director	10-03-07	10-03-07	09-08-11	Active	NO
55	U70109MH2007PTC168607	Protect Properties Private Limited	Director	10-03-07	10-03-07	10-08-11	Active	NO
56	U70102MH2007PTC168617	Pact Real Estate Private Limited	Director	10-03-07	10-03-07	14-10-11	Active	NO
57	U67120MH1979PTC021585	J T Holdings Private Limited	Director	29-09-07	14-03-07	25-02-11	Active	NO
58	U70102MH2007PTC168820	Sentinel Properties Private Limited	Director	15-03-07	15-03-07	18-04-11	Active	NO
59	U36101MH2000PLC129024	BP Ergo Limited	Director	23-03-07	23-03-07	-	Active	NO
60	U70102MH2007PTC170061	Strength Real Estate Private Limited	Director	18-04-07	18-04-07	10-08-11	Active	NO
61	U45201MH2007PTC170091	Flabbergast Properties Private Limited	Director	19-04-07	19-04-07	09-08-11	Active	NO
62	U70102MH2007PTC170624	Matrix Integrated Facilities and Property Management Private Limited	Director	07-05-07	07-05-07	22-01-10	Active	NO
63	U70103MH2007PTC171120	Eternus Properties Private Limited	Additional director	01-11-11	24-05-07	-	Active	NO
64	U70100MH2005PTC151765	Shivan Properties and Trading Private Limited	Additional director	02-11-11	17-08-07	-	Active	NO
65	U67190MH2007PTC173763	Lombard Street Investment Advisors Private Limited	Director	03-09-07	03-09-07	29-04-08	Active	NO
66	U01403MH2007PTC175906	Brookfields Agro and Development Private Limited	Director	15-11-07	15-11-07	-	Active	NO
67	U01407MH2007PTC175907	Crimson Agro and Development Private Limited	Director	15-11-07	15-11-07	09-08-11	Active	NO
68	U70102MH2007PTC176115	Affluence Realty and Leasing Private Limited	Director	23-11-07	23-11-07	30-03-09	Active	NO
69	U63023MH2007PTC176377	Opulence Warehousing And Logistics Private Limited	Director	03-12-07	03-12-07	-	Active	NO
70	U40104MH2007PTC176378	Krinfra Power Company Private Limited	Director	03-12-07	03-12-07	09-08-11	Active	NO
71	U63023MH2007PTC176854	Robust Logistics and Warehousing Private Limited	Director	17-12-07	17-12-07	10-08-11	Active	NO
72	U63030MH2007PTC176961	Nakshtra Logistics Private Limited	Director	19-12-07	19-12-07	09-08-11	Active	NO
73	U60231MH2007PTC177037	Eternus Real Estate Private Limited	Director	24-12-07	24-12-07	-	Active	NO
74	U55101AP2008PTC058383	Cybercity Hotels (India) Private Limited	Director	27-03-08	27-03-08	-	Active	NO
75	U45200MH2008PTC183176	KRC Infrastructure and Projects Private Limited	Director	04-06-08	04-06-08	09-08-11	Active	NO
76	U63023MH2008PTC184856	Starshine Warehousing And Logistics Private Limited	Director	21-07-08	21-07-08	10-08-11	Active	NO
77	U70102MH2008PTC185248	Mindspace Properties Private Limited	Additional director	06-11-11	06-11-11	-	Active	NO

Name :	Mr. Neel Chandru Raheja
Designation :	Director
Address :	Raheja House 53, A Pali Hill, Bandra (West), Mumbai – 400 050, Maharashtra, India
Date of Birth/Age :	27.06.1974
Qualification :	B.E. Tech
Date of Appointment :	27.05.2004
DIN No.:	00029010

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U70100MH1982PTC026374	Ivory Properties and Hotels Private Limited	Director	01-09-94	01-09-94	-	Active	NO
2	U51900MH1994PTC081337	Cape Trading Private Limited	Director	22-09-94	22-09-94	-	Active	NO
3	U45200MH1973PTC017018	K. Raheja Private Limited	Director	12-12-94	12-12-94	-	Active	NO
4	U70100MH1982PTC027542	Beach Haven Properties Private Limited	Director	12-05-95	12-05-95	09-08-11	Active	NO
5	U45202MH1984PTC033068	Raghukool Estate Developement Private Limited	Director	08-09-95	08-09-95	-	Active	NO
6	U45200MH1996PTC103640	Touchstone Properties And Hotels Private Limited	Director	30-10-96	30-10-96	-	Active	NO
7	U55101MH1986PTC038538	Chalet Hotels Private Limited	Director	14-03-07	12-12-96	-	Active	NO
8	U45202MH1982PTC027546	Palm Shelter Estate Development Private Limited	Director	12-12-96	12-12-96	-	Active	NO
9	L51900MH1997PLC108798	Shoppers Stop Limited	Director	16-06-97	16-06-97	-	Active	NO
10	U74140MH1997PTC108799	K. Raheja Services Private Limited	Director	16-06-97	16-06-97	09-08-11	Active	NO
11	U85110KA1990PTC010775	K Reheja Hotels and Estates Private Limited	Director	28-09-98	28-09-98	-	Active	NO
12	U45200MH1985PTC036601	Anbee Constructions Private Limited	Director	01-12-98	01-12-98	-	Active	NO
13	U51900MH1994PTC082255	Capstan Trading Private Limited	Director	01-12-98	01-12-98	-	Active	NO
14	U45200MH1982PTC027587	Casa Maria Properties Private Limited	Director	01-12-98	01-12-98	-	Active	NO
15	U45200MH1999PTC117748	Inorbit Malls (India) Private Limited	Director	01-01-99	01-01-99	-	Active	NO
16	U55101MH1999PLC121626	Carin Hotels Limited	Director	07-09-99	07-09-99	-	Active	NO
17	U52396MH1999PLC122528	Crossword Bookstores Limited	Director	03-11-99	03-11-99	-	Active	NO
18	U67120MH1997PLC110386	HSBC Investdirect (India) Limited	Director	01-06-00	01-06-00	29-09-08	Active	NO
19	U65990MH1986PTC041752	Louisiana Investment and Finance Private Limited	Director	24-11-00	24-11-00	09-08-11	Active	NO
20	U45200AP2003PTC041083	K.Raheja It Park (Hyderabad) Private Limited	Director	02-06-03	02-06-03	-	Active	NO
21	U45200MH2003PTC142869	BKC Properties Private Limited	Director	24-10-03	24-10-03	12-07-07	Active	NO
22	U45200MH2003PTC143610	Serene Properties Private Limited	Director	23-12-03	23-12-03	-	Active	NO
23	U45200MH2003PTC143609	Neogen Properties Private Limited	Director	23-12-03	23-12-03	22-07-08	Active	NO
24	U70101MH2004PTC146226	Grandwell Properties And Leasing Private Limited	Director	12-05-04	12-05-04	-	Active	NO
25	U70101MH2004PTC146227	Newfound Properties And Leasing Private Limited	Director	12-05-04	12-05-04	-	Active	NO
26	U70101MH2004PTC146231	Uptown Properties and Leasing Private Limited	Director	12-05-04	12-05-04	28-09-11	Active	NO
27	U55100MH1979PTC021866	K Raheja Corporation Private Limited	Director	16-05-04	16-05-04	-	Active	NO
28	U52510MH2004PLC146577	Hypercity Retail (India) Limited	Director	27-05-04	27-05-04	-	Active	NO
29	U51432MH2000PTC130106	Hornbil Trading Company Private Limited	Director	30-09-11	17-06-04	-	Active	NO
30	U07010KA2004PTC033984	G Corp Projects Private Limited	Director	29-09-07	25-10-04	-	Active	NO
31	U45200MH2004PTC146464	K. Raheja Corporate Services Private Limited	Director	27-12-04	27-12-04	27-03-08	Active	NO
32	U45200MH2005PTC152224	G. Corporation Neerav Developers Private Limited	Director	28-03-05	28-03-05	-	Active	NO
33	U67190MH2005PTC153381	K. Raheja Venture Capital Management Private Limited	Director	18-05-05	18-05-05	09-08-11	Active	NO
34	U70100MH2005PTC154307	Cavalcade Properties Private Limited	Director	28-06-05	28-06-05	-	Active	NO
35	U45200MH2005PTC154472	Opul Constructions Private Limited	Director	05-07-05	05-07-05	-	Active	NO
36	U74999MH2005PTC156244	Paradigm Logistics and Distribution Private Limited	Director	21-09-05	21-09-05	-	Active	NO
37	U74999MH1968GAP014120	Indo-American Chamber of Commerce	Director	29-09-05	29-09-05	-	Active	NO
38	U45200MH2005PTC157367	Trion Properities Private Limited	Director	17-11-05	17-11-05	-	Active	NO
39	U45200MH2005PTC157987	Sycamore Properties Private Limited	Director	12-12-05	12-12-05	10-08-11	Active	NO
40	U45200MH2006PTC158775	Stargaze Properties Private Limited	Director	10-01-06	10-01-06	-	Active	NO
41	U55100MH2005PTC152999	Grange Hotels and Properties Private Limited	Director	16-01-06	16-01-06	-	Active	NO
42	U72100MH2006PTC160261	Genext Hardware and Parks Private Limited	Director	03-03-06	03-03-06	-	Active	NO
43	U70102AP2006PTC050883	Sundew Properties Private Limited	Director	11-08-06	11-08-06	-	Active	NO
44	U45200AP2006PTC050930	Intime Properties Private Limited	Director	22-08-06	22-08-06	-	Active	NO
45	U45201MH2006PTC165002	Ambit Malls Private Limited	Director	29-09-06	29-09-06	-	Active	NO
46	U45201MH2006PTC163110	Horizonview Properties Private Limited	Director	03-10-06	03-10-06	-	Active	NO
47	U93090MH2006PTC166321	Imperial Serviced Offices Private Limited	Director	19-12-06	19-12-06	09-08-11	Active	NO
48	U55101KL2006PTC020125	Chalet Hotels and Properties (Kerala) Private Limited	Director	22-12-06	22-12-06	-	Active	NO
49	U45200MH2007PTC167179	Novel Properties Private Limited	Director	22-01-07	22-01-07	09-08-11	Active	NO
50	U74999MH2007PTC168221	Gleamer Properties Private Limited	Director	28-02-07	28-02-07	09-08-11	Active	NO
51	U74999MH2007PTC168360	Immense Properties Private Limited	Director	05-03-07	05-03-07	-	Active	NO
52	U70102MH2007PTC168611	Accord Real Estate Development Private Limited	Director	10-03-07	10-03-07	09-08-11	Active	NO
53	U70109MH2007PTC168607	Protect Properties Private Limited	Director	10-03-07	10-03-07	10-08-11	Active	NO
54	U70102MH2007PTC168617	Pact Real Estate Private Limited	Director	10-03-07	10-03-07	14-10-11	Active	NO
55	U67120MH1979PTC021585	J T Holdings Private Limited	Director	29-09-07	14-03-07	25-02-11	Active	NO
56	U70102MH2007PTC168820	Sentinel Properties Private Limited	Director	15-03-07	15-03-07	18-04-11	Active	NO
57	U70102MH2007PTC170061	Strength Real Estate Private Limited	Director	18-04-07	18-04-07	10-08-11	Active	NO
58	U45201MH2007PTC170091	Flabbergast Properties Private Limited	Director	19-04-07	19-04-07	09-08-11	Active	NO
59	U70102MH2007PTC170624	Matrix Integrated Facilities and Property Management Private Limited	Director	07-05-07	07-05-07	22-01-10	Active	NO
60	U70103MH2007PTC171120	Eternus Properties Private Limited	Additional director	01-11-11	24-05-07	-	Active	NO
61	U67190MH2007PTC173763	Lombard Street Investment Advisors Private Limited	Director	03-09-07	03-09-07	29-04-08	Active	NO
62	U01403MH2007PTC175906	Brookfields Agro and Development Private Limited	Director	15-11-07	15-11-07	-	Active	NO
63	U01407MH2007PTC175907	Crimson Agro and Development Private Limited	Director	15-11-07	15-11-07	09-08-11	Active	NO
64	U70102MH2007PTC176115	Affluence Realty and Leasing Private Limited	Director	23-11-07	23-11-07	30-03-09	Active	NO
65	U63023MH2007PTC176377	Opulence Warehousing And Logistics Private Limited	Director	03-12-07	03-12-07	-	Active	NO
66	U40104MH2007PTC176378	Krinfra Power Company Private Limited	Director	03-12-07	03-12-07	09-08-11	Active	NO
67	U60231MH2007PTC177037	Eternus Real Estate Private Limited	Director	24-12-07	24-12-07	-	Active	NO
68	U55101AP2008PTC058383	Cybercity Hotels (India) Private Limited	Director	27-03-08	27-03-08	-	Active	NO
69	U45200MH2008PTC183176	KRC Infrastructure and Projects Private Limited	Director	04-06-08	04-06-08	09-08-11	Active	NO
70	U93000DL2008NPL178695	Shopping Centres Association Of India	Director	30-10-09	03-07-08	-	Active	NO
71	U63023MH2008PTC184856	Starshine Warehousing And Logistics Private Limited	Director	21-07-08	21-07-08	10-08-11	Active	NO
72	U70100MH2005PTC151765	Shivan Properties and Trading Private Limited	Additional director	02-11-11	02-11-11	-	Active	NO
73	U70102MH2008PTC185248	Mindspace Properties Private Limited	Additional director	06-11-11	06-11-11	-	Active	NO

Name :	Mr. Deepak Keshav Ghaisas
Designation :	Director
Address :	B/61-62, Swapnashilp, Mahant Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India
Date of Birth/Age :	19.11.1957
Qualification :	Graduate
Date of Appointment :	23.09.2010
DIN No.:	00001811

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U72900MH2001PTC131264	Oracle (OFSS) Asp Private Limited	Director	16-03-01	16-03-01	12-09-08	Active	NO
2	U72309PN2000PTC015028	Sarvatra Technologies Private Limited	Director	31-05-01	31-05-01	01-04-07	Active	NO
3	U24239MH1961PLC012098	USV Limited	Director	23-08-03	23-08-03	-	Active	NO
4	L51900MH1997PLC108798	Shoppers Stop Limited	Director	24-07-04	24-07-04	-	Active	NO
5	U72900MH2005PLC151334	Oracle (OFSS) Processing Services Limited	Director	16-02-05	16-02-05	08-08-08	Active	NO
6	U72900DL2002PLC180572	Oracle (OFSS) Bpo Services Limited	Director	30-05-05	30-05-05	08-08-08	Active	NO
7	U74999MH1924NPL001128	Bombay Chamber of Commerce and Industry	Director	31-05-06	31-05-06	13-06-08	Active	NO
8	L72200MH1989PLC053666	Oracle Financial Services Software Limited	Whole-time director	24-08-07	01-05-07	08-08-08	Active	NO
9	L24223MH1946PLC005434	Camlin Limited	Director	26-06-09	28-07-08	-	Active	NO
10	U93090MH2008PTC186828	Gencoval Strategic Services Private Limited	Director	17-09-08	17-09-08	-	Active	NO
11	U85100MH2009PTC189779	GCV Life Private Limited	Director	21-01-09	21-01-09	-	Active	NO
12	U93090MH2009PTC193622	Stemade Biotech Private Limited	Director	29-06-09	29-06-09	-	Active	NO
13	U45200MH2009PTC193674	Dcube Ventures and Developers Private Limited	Director	30-06-09	30-06-09	-	Active	NO
14	U93000MH2009NPL196282	Chitpavan Foundation	Director	06-10-09	06-10-09	-	Active	NO
15	U74990MH2009PTC197233	Hariom Infrafacilities Services Private Limited	Director	23-11-09	23-11-09	-	Active	NO
16	U74140MH2010PTC201348	Healthbridge Advisors Private Limited	Director	26-03-10	26-03-10	-	Active	NO
17	U74900PN2008PTC132818	NV Consulting Private Limited	Additional director	22-06-10	22-06-10	-	Active	NO
18	U85110MH2010PTC205448	Unicity Health Private Limited	Director	13-07-10	13-07-10	10-08-10	Active	NO
19	U52510MH2004PLC146577	Hypercity Retail (India) Limited	Director	23-09-10	04-08-10	-	Active	NO
20	U85100MH2011PTC219265	Healthy Sleep Solutions India Private Limited	Director	29-06-11	29-06-11	-	Active	NO

Name :	Mr. Nitin Jagubhai Sanghavi
Designation :	Director
Address :	15, Sunningdale Avenue, Leeds 17, London LS177SD, United Kingdom
Date of Birth/Age :	28.12.1948
Qualification :	B.Com
Date of Appointment :	23.09.2010
DIN No.:	00863107

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	L51900MH1997PLC108798	Shoppers Stop Limited	Director	25-01-03	25-01-03	Active	NO
2	U52510MH2004PLC146577	Hypercity Retail (India) Limited	Director	23-09-10	04-08-10	Active	NO

Name :	Mr. Govind Shridhar Shrikhande
Designation :	Director
Address :	Flat No. 1801, 18^th Floor, Brooke Villa, Mughal Lane, Matunga (West), Mumbai – 400 016, Maharashtra, India
Date of Birth/Age :	07.09.1960
Qualification :	B.Com
Date of Appointment :	26.10.2010
DIN No.:	00029419

Other Directorship

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U51900MH1995PLC095115	Upasna Trading Limited	Director	30-10-02	30-10-02	Active	NO
2	U72900MH2000PLC124178	Shoppers' Stop.Com (India) Limited	Director	30-10-02	30-10-02	Active	NO
3	U74999MH2000PLC124945	Shopper's Stop Services (India) Limited	Director	30-10-02	30-10-02	Active	NO
4	L51900MH1997PLC108798	Shoppers Stop Limited	Managing director	29-07-10	29-07-06	Active	NO
5	U52510MH2004PLC146577	Hypercity Retail (India) Limited	Director	25-07-11	26-10-10	Active	NO
6	U85191MH2011NPL222989	Retailers Association's Skill Council of India	Director	13-10-11	13-10-11	Active	NO

KEY EXECUTIVES

Name :	Mr. Bharat Kanaklal Sanghavi
Designation :	Company Secretary and Manager
Address :	202, Bhoomi Garden, Mahavir Nagar, Kandivali (West), Mumbai – 400 067, Maharashtra, India
Date of Birth/Age :	05.04.1971
Date of Appointment :	01.09.2010
PAN No.:	APRPS4260C
Name :	Mr. Rohit Mistry
Designation :	Assistant Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 25.07.2011

Names of Shareholders (Equity)	No. of Shares
Support Properties Private Limited jointly with Anbee Construction Private Limited, India	1
Support Properties Private Limited jointly with Cape Trading Private Limited, India	1
Support Properties Private Limited jointly with Capstan Trading Private Limited, India	1
Support Properties Private Limited jointly with Casa Maria Properties Private Limited, India	1
Support Properties Private Limited jointly with Palm Shelter Estate Development Private Limited, India	1
Shopper’s Stop Limited, India	484500
Support Properties Private Limited, India	227995
Eternus Logistics Private Limited, India	228000
Palm Shelter Estate Development Private Limited , India	950
Anbee Construction Private Limited, India	950
Cape Trading Private Limited, India	950
Capstan Trading Private Limited, India	950
Casa Maria Properties Private Limited, India	950
Raghukool Estate Development Private Limited, India	950
Ravi Chandru Raheja	950
Chandru Lachmandas Raheja	950
Jyoti Chandru Raheja	950
Neel Chandru Raheja	950
Total	950000

As on 25.07.2011

Names of Shareholders (Preference)	No. of Shares
Casa Maria Properties Private Limited, India	279000
Raghukool Estate Development Private Limited, India	279000
Capstan Trading Private Limited, India	279000
Palm Shelter Estate Development Private Limited, India	279000
Anbee Constructions Private Limited, India	279000
Cape Trading Private Limited, India	279000
Chandru L Raheja	279000
Jyoti C Raheja	279000
Ravi C Raheja	279000
Neel C Raheja	279000
Shopper’s Stop Limited, India	164290000
Support Properties Private Limited, India	66960000
Eternus Logistics Private Limited, India	66960000
Total	301000000

As on 25.07.2011

Equity Share Break up	Percentage of Holding
Category
Bodies corporate	99.60
Directors or relatives of Directors	0.40
Total	100.00

BUSINESS DETAILS

Line of Business :	Retail Store Business
Imports :
Products :	Furniture
Countries :	· Hong Kong · UK
Terms :
Selling :	L/C and Credit (30 days / 90 days)
Purchasing :	L/C and Credit (30 days / 90 days)

GENERAL INFORMATION

Customers :

Retailers

Pharmaceuticals

· Wanbury Pharma Limited

· USV Limited

· Watson Pharma

· Nicholas Primal Life Sciences

ITES and BPO

· Mphasis

· Intelnet

· Sutherland Global Services

· Daksh IBM

Finance, Banking and Telecom

· HSBC

· JP Morgan Chase

· Airtel

Hospitality

· Grand Hyatt

· Intercontinental The Grand

· J W Marriott

· Ramee Group of Hotels

No. of Employees :

1200 (Approximately)

Bankers :

· Industrial Development Bank of India Limited

IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400 005, Maharashtra, India

· YES BANK Limited

9^th Floor, Nehru Centre, Discover of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India

· Indian Overseas Bank

Bandra (West) Branch, Radhaswami Apartments, 36^th TPS III, Mumbai – 400 050, Maharashtra, India

· Oriental Bank of Commerce

181-A, Maker Tower (E) 18^th Floor, Cuffe Parade, Mumbai – 400 005, Maharashtra, India

· Industrial Development Bank of India Limited, MIDC Andheri Branch

· Kotak Mahindra Bank, Nariman Point Branch

· Kotak Mahindra Bank, Brandra (West)

Facilities :

Secured Loans	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
A. Rupee term loans banks secured	481.656	1225.714
B. Working capital loans banks secured	270.000	0.000
C. Other debt secured	24.209	109.977
Total	775.865	1335.691

Notes

A. Secured by exclusive charge on the assets purchased from the Term Loan and by second charge on the current assets of the Company, present and future and Corporate guarantees of K. Raheja Corporation Private Limited.

B. includes Rs.120.000 millions secured by first pari passu charge on current assets, present and future; Rs.124.209 millions further secured by second pari passu charge on the movable fixed assets, present and future; Rs.50.000 millions secured by subservient charge on the movable fixed asset, present and future of the Company. All the loans are further secured by corporate guarantees from K. Raheja Corporation Private Limited.

C. This includes bill discounting Rs.11.024 millions (Previous 29.835 millions) and buyers credit Rs.13.185 millions. Cash Credit Rs. NIL millions (Previous Year Rs.80.142 millions)

Unsecured Loans	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
A. Rupee term loans banks unsecured	0.000	250.000
B. Working capital loans banks unsecured	212.500	0.000
C. Other debt unsecured	1297.728	633.234
Total	1510.228	883.234

Notes

A. Against personal guarantee given by Promoter Director and Corporate guarantees of Pact Real Estate Private Limited.

B. Against Corporate guarantees given by K Raheja Corporation Private Limited.

C. This includes bill discounting Rs.49.928 millions (previous year 27.074 millions), loan from holding company Rs1247.800 millions (previous year Rs. 411.545 millions) and Other Loans NIL (previous year Rs.194.615 millions).

Banking Relations :	--
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai – 400 018, Maharashtra, India
PAN.:	AACFD4815A
Holding Company :	Shopper’s Stop Limited CIN No. : L51900MH1997PLC108798
Fellow Subsidiaries :	Crossword Bookstores Limited
Companies under common control / Significant influence :	· Avacado Properties and Trading India Private Limited, · Ivory Properties and Hotels Private Limited · Ivory Properties and Hotels Private Limited · Trion Properties Private Limited,
Joint Venture :	Gateway Multichannel Retail (India) Limited

CAPITAL STRUCTURE

After 25.07.2011

Authorised Capital : Rs.3500.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.3230.873 Millions

As on 25.07.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions
345000000	Preference Shares	Rs.10/- each	Rs.3450.000 Millions
	Total		Rs.3500.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
950000	Equity Shares	Rs.10/- each	Rs.9.500 Millions
301000000	Preference Shares	Rs.10/- each	Rs.3010.000 Millions
	Total		Rs.3019.500 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares (A)	Rs.10/- each	Rs.50.000 Millions
280000000	Preference Shares (B)	Rs.10/- each	Rs.2800.000 Millions
	Total		Rs.2850.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
950000	Equity Shares (C)	Rs.10/- each	Rs.9.500 Millions
279000000	Preference Shares (D)	Rs.10/- each	Rs.2790.000 Millions
	Total		Rs.2799.500 Millions

Notes

A. 5000000 Equity Shares of Rs.10/- each

B. 280000000 7% Preference Shares of Rs.10/- each

C. 950000 Equity Shares of Rs.10/- each :- of the above 484500 shares are held by Shoppers Stop Limited, the holding Company

D. i) 257000000 7% Compulsory Convertible Preference Shares (CCPS) of Rs.10/- each : Of the above 131070000 shares are held by Shoppers Stop Limited, the holding Company.

ii) (47000000 CCPS were issued during the year)

ii) (210000000 shares were converted from Redeemable to Compulsory Convertible Preference Shares)

iv) (Five CCPS of Rs.10/- each would be converted into One equity share of Rs.10/- each, fully paid-up at a premium of Rs.40/- per equity share, on August 31, 2017 or a prior date at the option of all the CCPS holders together by giving one month's written notice to the Company)

v) 22000000 7% Cumulative Redeemable Preference Shares of Rs.10/- each.(To be redeemed on or before March 28, 2016) (Of the above 11220000 shares are held by Shoppers Stop Limited, the holding Company)

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		2799.500	2109.500	1609.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(2753.877)	(2067.771)	(1516.821)
NETWORTH		45.623	41.729	92.679
LOAN FUNDS
1] Secured Loans		775.865	1335.691	815.084
2] Unsecured Loans		1510.228	883.234	1555.333
TOTAL BORROWING		2286.093	2218.925	2370.417
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2331.716	2260.654	2463.096
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1445.871	1372.960	596.502
Capital work-in-progress		84.789	57.502	427.312
Expenses awaiting Capitalisation		0.000	0.000	241.017
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	707.749	542.652	267.951
	Sundry Debtors	84.247	68.854	17.306
	Cash & Bank Balances	92.107	20.105	10.004
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	527.413	907.604	1233.691
Total Current Assets		1411.516	1539.215	1528.952
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	519.418	623.578	324.613
	Other Liabilities	82.511	80.039
	Provisions	8.531	5.406	6.074
Total Current Liabilities		610.460	709.023	330.687
Net Current Assets		801.056	830.192	1198.265
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2331.716	2260.654	2463.096

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Operating Revenue	5671.569	3110.980	1960.789
		Other Income	36.365	242.001	133.209
		TOTAL (A)	5707.934	3352.981	2093.998
Less	EXPENSES
		Consumption materials changes inventories	4499.182	2473.867	2485.964
		Employee related expenses	446.069	295.805
		Administrative, Selling other expenses	1048.549	662.318
		TOTAL (B)	5993.800	3431.990	2485.964
Less	LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(285.866)	(79.009)	(391.966)
Less	INTEREST FINANCIAL CHARGES (D)		273.638	395.100	161.414
	LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(559.504)	(474.109)	(553.380)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		126.602	95.347	69.517
Less/ Add	EXCEPTIONAL ITEMS		0.000	18.507	238.642
	LOSS BEFORE TAX (E-F) (G)		(686.106)	(550.949)	(861.539)
Less	TAX (H)		0.000	0.000	3.711
	LOSS AFTER TAX (G-H) (I)		(686.106)	(550.949)	(865.250)
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		NA	NA	(651.571)
	BALANCE CARRIED TO THE B/S		(2753.877)	(2067.771)	(1516.821)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	97.329	70.835	60.600
	TOTAL EARNINGS		97.329	70.835	60.600
	IMPORTS
		Purchase of Merchandise	87.189	20.609	76.641
		Capital Goods	8.226	2.721	95.410
		Software	2.755	3.354	0.000
	TOTAL IMPORTS		98.170	26.684	172.051
	Earnings Per Share (Rs.)		(925.89)	(732.04)	(910.79)

Expected Sales (2011-2012) : Rs.7500.000 millions

The above information has been parted by Mr. Rohit

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(12.02)	(16.43)	(41.32)
Net Profit Margin (PBT/Sales)	(%)	(12.10)	(17.71)	(43.94)
Return on Total Assets (PBT/Total Assets}	(%)	(24.01)	(18.92)	(40.53)
Return on Investment (ROI) (PBT/Networth)		(15.04)	(13.20)	(9.30)
Debt Equity Ratio (Total Liability/Networth)		63.49	70.17	29.14
Current Ratio (Current Asset/Current Liability)		2.31	2.17	4.62

LOCAL AGENCY FURTHER INFORMATION

DETAILS OF SUNDRY CREDITORS

Particulars	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions	As on 31.03.2009 Rs. in millions
Creditors due small micro enterprises	2.023	3.645	Details are not available
Creditors due others	517.395	619.933
Total	519.418	623.578

Sr. No.	Check List by Info Agents
1.	Year of Establishment	YES
2.	Locality of the firm	YES
3.	Constitutions of the firm	YES
4.	Premises details	YES
5.	Type of Business	YES
6.	Line of Business	YES
7.	Promoter’s background	--
8.	No. of employees	YES
9.	Name of person contacted	YES
10.	Designation of contact person	YES
11.	Turnover of firm for last three years	YES
12.	Profitability for last three years	NO
13.	Reasons for variations <> 20%	--
14.	Estimation for coming financial year	YES
15.	Capital in the business	YES
16.	Details of sister concerns	--
17.	Major Suppliers	NO
18.	Major Customers	NO
19.	Payment terms	YES
20.	Export / Import details (is applicable)	YES
21.	Market information	--
22.	Litigation that the firm / promoter involved in	--
23.	Banking Details	YES
24.	Banking facility details	NO
25.	Conduct of the banking account	--
26.	Buyer visit details	--
27.	Financials, if provided	NO
28.	Incorporation details, if applicable	--
29.	Last accounts filed at ROC	--
30.	Major Shareholders, is available	--

NOTE

The Registered Office of the company has been shifted from Construction House, ‘A’ 24^th Road, Khar (west), Mumbai, Maharashtra, India to the present address w.e.f. 08.07.2008.

COMPANY BACKGROUND

The Company was incorporated on May 27, 2004 as a Private Limited Company. The Company became a Public Limited Company on March 30, 2007. The Company is engaged in the business of retailing mainly food and grocery, health and beauty products, fruits and vegetables, homeware and homecare products, furniture, appliances, multi media, sports, toys and ready made garments. The Company has recently made a foray into the Real Estate business. As at 31 March 2011, the Company operated through 9 Hypercity stores located in different

cities of India.

PERFORMANCE REVIEW

During the year, the Company opened 2 new hypermarket stores at Bhopal and Ludhiana. The total retail space has increased by 18% from 8.3 lacs sq ft. to 9.8 lacs sq ft. The company has operated 7 stores for full year and has got encouraging, same store sales growth of 19% over the preceding year. The total revenues (net of taxes) for the Company was Rs.5543.000 millions, registering a growth of 82% year on year basis. During the year, the Company has earned revenue of Rs.10.200 millions from transfer of one option to purchase flats. Company continues to hold balance 19 options to purchase flats as on 31st Mar, 2011.

SUBSIDIARY COMPANY OF SHOPPERS STOP LIMITED

During the year, on June 30, 2010, Shoppers Stop Limited (SSL), has acquired additional 32% equity share capital and raised its shareholdings to 51% of equity share capital of the Company, and made the Company a Subsidiary of SSL. SSL has also acquired certain preference share capital of the Company. As on March 31, 2011, the 51% of equity and preference share capital of the Company is held by SSL.

CREDIT RATING

The Company has received rating from CARE on 1st March, 2011 enhancing the rating to "CARE A - (SO)"[ Single A minus (Structured Obligation) ] from the earlier rating of "CARE BBB+ (SO)" [Triple B Plus (Structured Obligation)]. This rating is applicable for facilities having tenure of more than one year i.e. Long term facilities enjoyed from Banks. Facilities with "CARE A - (SO)" rating are considered to offer adequate safety for timely service of debt obligations. Further the rating for short term facilities from banks i.e. facilities having tenure upto One year have been revised to "PR 2+ (SO)" [PR Two Plus (Structured Obligation)] from the rating of "PR 2 (SO)" [PR Two Plus (Structured Obligation)]. Facilities with "PR2 + (SO)" rating would have adequate capacity for timely repayment of short term debt obligations.

CONTINGENT LIABILITIES (As on 31.03.2011)

· Claims against the Company not acknowledged as debts Rs.75.580 millions

1. -Income Tax matters Rs.34.703 millions

2. -Third Party Contractual claims Rs.40.877 millions

· Unpaid dividend on cumulative preference shares Rs.404.316 millions

· Pursuant to levy of service tax on renting of immoveable properties given for commercial use, retrospectively with effect from 1 June 2007 by the Finance Act, 2010, the Company has, based on a legal advice, challenged the said levy and, inter-alia, its retrospective application in various High Courts. An interim stay has been granted by various High Courts from recovery of the said service tax and the matter is pending. Accordingly, the Company has not provided for service tax aggregating to Rs.26.911 millions for the retrospective period upto 31 March 2010, which will be appropriately recognized on final determination.

FORM 8

This form is for	Modification of charge
Corporate identity number of the company	10230974
Name of the company	HYPERCITY RETAIL (INDIA) LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No. C- 30, Block 'G', Opposite SIDBI, Bandra Kurla Complex, Bandra (East) ,Mumbai - 400051 Maharashtra, India
Type of charge	· Movable property (not being pledge) · Floating charge
Particular of charge holder	YES BANK Limited 9^th Floor, Nehru Centre, Discover of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India CIN No.: L65190MH2003PLC143249 E-Mail : shareholders@yesbank.in
Nature of description of the instrument creating or modifying the charge	Supplemental Deed of Hypothecation dated October 12, 2011
Date of instrument Creating the charge	12.10.2011
Amount secured by the charge	Rs.500.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of interest Cash Credit: Floating 3.25% above YBL's Base Rate prevailing from time to time. Other Facilities: To be decided at the time of disbursement. Terms of repayment CC/WCDL - on demand. RSTL - at the end of the tenor Others – NA Margin Margin on Cash Credit (CC), Working Capital Demand Loan (WCDL): 0.25 of (Book debts less than 90 days plus stock minus Creditors) Margin on Bill Discounting: 10 percent of the Invoice Value Extent and operation of the charge Subservient charge on Movable Fixed Assets of the Borrower
Short particulars of the property	subservient charge on movable Fixed Assets of the Borrower including Plant and Machinery located at various locations across India
Particulars of the present modification	Vide Supplemental Deed of Hypothecation dated October 12, 2011, Yes Bank Limited has enhanced the credit facilities from Rs.250.000 millions to Rs.500.000 millions.

FIXED ASSETS

· Leasehold Improvement

· Plant and Machinery

· Office Equipments

· Furniture and Fixtures

· Computer Equipments

· Vehicles

· Electrical Installation

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.81
UK Pound	1	Rs.82.00
Euro	1	Rs.68.80

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	--
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.