MIRA INFORM REPORT

Report Date :

26.11.2011

IDENTIFICATION DETAILS

Name :	JUNIPER HOTELS PRIVATE LIMITED
Formerly Known As :	SEAJULI PROPERTY AND VINIYOG PRIVATE LIMITED
Registered Office :	Off Western Express Highway, Santacruz (East), Mumbai-400055, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	16.09.1985
Com. Reg. No.:	11-152863
Capital Investment / Paid-up Capital :	Rs. 1437.000 Millions
CIN No.: [Company Identification No.]	U5510MH1985PTC152863
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in providing Hotel Services
No. of Employees :	2500(Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 1252000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. There appears to be some dip in the turnover and profitability of the company due to fall in the tourist inflow to the country and overall global economic recession. However, trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	Off Western Express Highway, Santacruz (East), Mumbai-400055, Maharashtra, India
Tel. No.:	91-22-66761234/ 66761000
Fax No.:	91-22-66761235/ 66761010
E-Mail :	radha.nambiar@hyattintl.com aiyers@juniperhotels.com India.reservations@hyatt.com
Corporate Office:	Dial Hospitality District, Hotel Hyatt, Delhi International Airport, Delhi – 110037, India
Head Office :	Vakola Pipeline, Santacruz (East), Mumbai – 400 055, Maharashtra, India
Tel. No.:	91-22-2619 5202

DIRECTORS

As on 30.09.2011

Name :

Mr. Radhe Shyam Saraf

Designation :

Chairman

Address :

21/1, Jatindra Mohan Avenue, Kolkata – 700 006, West Bengal, India

Date of Birth/Age :

15^th August, 1930

Date of Appointment :

14.01.2001

DIN No.:

00017962

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	L55101DL1980PLC011037	Asian Hotels (North) Limited	Director	24-09-08	06-12-80	11-02-10	Active	NO
2	U74899DL1994PLC058450	Unison Hotels Limited	Director	05-07-95	05-07-95	-	Active	NO
3	U55101MH1985PTC152863	Juniper Hotels Private Limited	Director	14-01-01	14-01-01	-	Active	NO
4	U55101DL2004PTC127088	Unison Hotels South Private Limited	Director	23-06-04	23-06-04	-	Active	NO
5	U15491WB1983PTC035826	Forex Finance Private Limited	Director	20-07-04	20-07-04	-	Active	NO
6	L15122WB2007PLC162762	Asian Hotels (East) Limited	Director	04-07-08	26-04-07	-	Active	NO
7	U55101WB2002PLC160608	Gjs Hotels Limited	Additional director	31-10-08	31-10-08	02-03-09	Active	NO

Name :

Mr. Arun Kumar Saraf

Designation :

Managing Director

Address :

Grand hyatt residents off western Express highway , Santacruz (East), Mumbai – 400 055, Maharashtra, India

Date of Birth/Age :

10.03.1959

Date of Appointment :

01.07.1998

DIN No.:

00339772

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	U74899DL1993PLC054080	Vedic Hotels Limited	Director	17-06-93	17-06-93	27-07-10	Active	NO
2	U74899DL1994PLC058450	Unison Hotels Limited	Director	18-04-94	18-04-94	-	Active	NO
3	U55209WB1996PTC082227	Resurgent Hotels Private Limited	Director	10-12-96	10-12-96	25-08-08	Amalgamated	NO
4	U55101MH1985PTC152863	Juniper Hotels Private Limited	Managing director	01-07-98	01-07-98	-	Active	NO
5	U55101WB2002PLC160608	GIS Hotels Limited	Director	09-12-02	09-12-02	13-06-07	Active	NO
6	L55101DL1980PLC011037	Asian Hotels (North) Limited	Alternate director	27-07-09	08-01-07	06-10-09	Active	NO
7	U55101TN2007PTC062085	Robust Hotels Private Limited	Director	19-01-07	19-01-07	-	Active	NO
8	L15122WB2007PLC162762	Asian Hotels (East) Limited	Managing director	29-09-10	26-04-07	-	Active	NO
9	U55101MH1996PTC180473	Chartered Hotels Pvt Ltd	Director	04-07-07	04-07-07	-	Active	NO
10	U40107MH2008PTC177850	Blue Energy Private Limited	Director	17-01-08	17-01-08	-	Active	NO
11	U65993WB2006PLC110571	Juniper Investments Limited	Director	28-04-08	28-04-08	-	Active	NO
12	U74120MH2010PTC210157	Footsteps of Buddha Hotels Private Limited	Director	17-11-10	17-11-10	-	Active	NO
13	U55204MH2011PTC220173	Godhuli Hotels Private Limited	Director	26-07-11	26-07-11	-	Active	NO

Name :

Mr. Umesh Saraf

Designation :

Director

Address :

S-294, Panchsheel Park, New Delhi-110017, India

Date of Birth/Age :

27.12.1963

Date of Appointment :

14.06.2004

DIN No.:

00017985

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	U74899DL1982PTC013484	Samra Importex Private Limited	Director	22-07-87	22-07-87	14-01-08	Active	NO
2	U74899DL1981PTC012009	Asian Holdings Private Limited	Director	01-02-90	01-02-90	16-01-10	Active	NO
3	U74899DL1993PLC054080	Vedic Hotels Limited	Director	17-06-93	17-06-93	-	Active	NO
4	U74899DL1994PLC058450	Unison Hotels Limited	Managing director	01-12-07	12-12-94	-	Active	NO
5	U74899DL1995PLC064970	Unison Power Limited	Director	02-02-95	02-02-95	-	Active	NO
6	U55209WB1996PTC082227	Resurgent Hotels Private Limited	Director	10-12-96	10-12-96	31-03-08	Amalgamated	NO
7	U55101MH1985PTC152863	Juniper Hotels Private Limited	Director	14-06-04	14-06-04	-	Active	NO
8	U55101DL2004PTC127088	Unison Hotels South Private Limited	Director	23-06-04	23-06-04	-	Active	NO
9	L55101DL1980PLC011037	Asian Hotels (North) Limited	Whole-time director	07-07-05	07-07-05	11-02-10	Active	NO
10	U55101TN2007PTC062085	Robust Hotels Private Limited	Director	19-01-07	19-01-07	24-05-07	Active	NO
11	L15122WB2007PLC162762	Asian Hotels (East) Limited	Managing director	29-09-10	26-04-07	-	Active	NO
12	U55101WB2002PLC160608	GIS Hotels Limited	Director	18-09-07	23-05-07	-	Active	NO
13	L55101DL2007PLC157518	Asian Hotels (West) Limited	Director	04-07-08	12-07-07	11-02-10	Active	NO
14	U74140DL2007PTC163275	Aria Hotels and Consultancy Services Private Limited	Director	04-07-08	24-09-07	25-02-10	Active	NO
15	U74899WB1994PLC160633	Regency Convention Centre and Hotels Limited (Trs.Co.-Pondicherry To Delhi)	Director	04-07-08	11-03-08	-	Active	NO
16	U11100WB2011PLC161021	Sankalp Oil And Natural Resources Limited	Director	22-03-11	22-03-11	-	Active	NO
17	U45400MH2007PTC176375	Triumph Realty Private Limited	Additional director	24-05-11	24-05-11	-	Active	NO
18	U32109DL2010PTC207076	Gfive International (India) Private Limited	Director	11-11-11	11-11-11	-	Active	NO

Name :

Ms. Pallavi Shroff

Designation :

Director

Address :

703, Golden Castle Sundarnagar Road No. 2, Kalina, Mumbai, Maharashtra, India.

Date of Birth/Age :

22.04.1956

Date of Appointment :

13.06.2001

DIN No.:

00013580

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	U74899DL1994PTC062240	Amarchand Mangaldas Properties Private Limited	Director	20-03-01	20-03-01	-	Active	NO
2	U55101MH1985PTC152863	Juniper Hotels Private Limited	Director	13-06-01	13-06-01	-	Active	NO
3	U45201DL2001PTC111336	First Commercial Services India Private Limited	Director	19-06-01	19-06-01	-	Active	NO
4	U45201DL2001PTC111338	Amarchand Towers Property Holdings Private Limited	Director	19-06-01	19-06-01	-	Active	NO
5	U74140DL2001PTC111337	First Full Services Private Limited	Director	19-06-01	19-06-01	-	Active	NO
6	U66030MH2000PLC128503	Kotak Mahindra Old Mutual Life Insurance Limited	Director	17-08-01	17-08-01	29-07-11	Active	NO
7	L99999PB1990PLC010307	Trident Limited	Director	28-03-02	28-03-02	-	Active	NO
8	U45201DL2003PTC123469	Baghbaan Properties Private Limited	Director	11-12-03	11-12-03	-	Active	NO
9	U45201DL2003PTC123470	Psnss Properties Private Limited	Director	11-12-03	11-12-03	-	Active	NO
10	L74899DL1993PLC051841	B.A.G. Films and Media Limited	Director	26-05-04	26-05-04	26-06-08	Active	NO
11	L34103DL1981PLC011375	Maruti Suzuki India Limited	Director	09-09-05	09-09-05	-	Active	NO
12	L65191PN1994PLC076333	Indusind Bank Limited	Director	13-06-06	13-06-06	09-09-09	Active	NO
13	U33111DL2005PLC144156	Artemis Health Sciences Limited	Director	23-07-08	08-05-08	-	Active	NO
14	U85110DL2004PLC126414	Artemis Medicare Services Limited	Director	23-07-08	08-05-08	-	Active	NO
15	L25111KL1959PLC009300	Ptl Enterprises Limited	Director	17-07-08	09-05-08	-	Active	NO
16	U65993GJ2008PLC053818	Gift Collective Investment Management Company Limited	Additional director	17-05-08	17-05-08	04-06-09	Active	NO
17	U74220DL2011PTC217904	Uvac Centre (India) Private Limited	Director	20-04-11	20-04-11	-	Active	NO
18	U74140DL2011PTC218144	First Universal Virtual International Arbitration Centre Private Limited	Director	27-04-11	27-04-11	-	Active	NO

Name :

Mr. Rakesh Kumar Sarna

Designation :

Nominee Director

Address :

737, Washi Ngton Building, Unit 1204, Chicago.

Date of Birth/Age :

29.03.1957

Date of Appointment :

12.09.2007

DIN No.:

01875340

Name :

Mr. Ganga Ram Niacanta Iyer

Designation :

Director

Address :

703, Golden Castle Sundarnagar Kalina, Mumbai-400098, Maharashtra, India

Date of Birth/Age :

22.09.1934

Date of Appointment :

13.06.2001

DIN No.:

00001246

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	U74952MH1994FLC078296	Positive Packaging Industries Limited	Director	21-05-96	21-05-96	-	Active	NO
2	L35921TN1992PLC022845	TVS Motor Company Limited	Director	28-03-01	28-03-01	10-03-09	Active	NO
3	U55101MH1985PTC152863	Juniper Hotels Private Limited	Director	13-06-01	13-06-01	-	Active	NO
4	U65922TN1999PLC042759	Sundaram Bnp Paribas Home Finance Limited	Director	28-10-05	28-10-05	-	Active	NO
5	L24297TN1983PLC072409	Chemfab Alkalis Limited	Director	07-05-10	04-07-09	-	Active	NO

Name :

Mr. Charles Lemont Ephraim

Designation :

Director

Address :

2130, The Heritage, Ormes Road 4^TH Cross, Kilpauk, Chennai-600010, Tamilnadu, India

Date of Birth/Age :

03.06.1952

Date of Appointment :

12.09.2007

DIN No.:

01875357

Name :

Mr. Peter Fulton

Designation :

Director

Address :

A. Hamid Amhed Kailash, New Delhi-110048, India.

Date of Birth/Age :

15.07.1963

Date of Appointment :

05.12.2008

DIN No.:

02227963

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	U74999DL2001PTC112253	Hyatt Services India Private Limited	Director	25-09-08	15-03-08	-	Active	NO
2	U55101MH1985PTC152863	Juniper Hotels Private Limited	Director	05-12-08	05-12-08	-	Active	NO

Name :

Mr. Narendra Jamnadas Jhaveri

Designation :

Director

Address :

C-42, Sampat Residency, Opposite Parivar Society, Bodakdev, Ahmedabad, Gujarat-380015.

Date of Birth/Age :

09.08.1935

Date of Appointment :

13.06.2001

DIN No.:

00198912

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	U27203WB1938PLC009515	Indian Aluminium Company Limited	Director	26-10-91	26-10-91	-	Amalgamated	NO
2	U45200MH1976PLC019335	Afcons Infrastructure Limited	Director	22-03-96	22-03-96	-	Active	NO
3	L31400WB1986PLC091621	Usha Martin Limited	Director	29-03-96	29-03-96	28-07-10	Active	NO
4	L24100MH1969PLC014336	Pidilite Industries Limited	Director	18-06-96	18-06-96	-	Active	NO
5	U67120MH1995PLC095642	National Securities Depository Limited	Director	18-10-96	18-10-96	09-08-07	Active	NO
6	L29308MH1954PLC009371	Voltas Limited	Director	10-08-98	10-08-98	09-08-10	Active	NO
7	L29130MH1961PLC011980	SKF India Limited	Director	10-02-00	10-02-00	05-03-11	Active	NO
8	L28920MH1957PLC010839	Siemens Limited	Director	09-11-00	09-11-00	-	Active	NO
9	U55101MH1985PTC152863	Juniper Hotels Private Limited	Director	13-06-01	13-06-01	-	Active	NO
10	U99999MH1986PLC093854	Siemens Information Systems Limited	Director	01-04-05	01-04-05	26-09-09	Active	NO
11	L21011WB1936PLC008726	Star Paper Mills Limited	Director	30-05-05	30-05-05	22-05-07	Active	NO
12	L40200GJ1998SGC035188	Gujarat State Petronet Limited	Director	28-09-06	01-10-05	02-02-09	Active	NO
13	L27020MH1958PLC011238	Hindalco Industries Limited	Director	30-01-06	30-01-06	-	Active	NO
14	U85110KA1999PTC024701	Manipal Health Systems Private Limited	Director	17-05-06	17-05-06	08-03-08	Active	NO
15	L26940MH2000PLC128420	Ultratech Cement Limited	Director	20-07-07	16-10-06	-	Active	NO
16	L85910GJ1974PLC002595	Siemens Healthcare Diagnostics Limited	Additional director	30-04-07	30-04-07	-	Amalgamated	NO
17	U67190MH2007PTC168303	Phoenix Arc Private Limited	Director	02-09-08	29-06-07	-	Active	NO
18	L99999MH1995PLC094641	Edelweiss Financial Services Limited	Director	12-09-07	21-07-07	-	Active	NO
19	U65923GJ1990PLC013966	Gvfl Limited	Director	23-09-08	06-12-07	-	Active	NO
20	U67110AP1993PLC052266	Edelweiss Securities Limited	Director	10-07-08	14-01-08	-	Active	NO
21	L26959GJ2009PLC058011	Samruddhi Cement Limited	Director	24-07-10	18-05-10	-	Amalgamated	NO

Name :

Mr, Tilakraj Bajalia

Designation :

Nominee Director

Date of Birth/Age :

25.12.1953

Date of Appointment :

01.11.2010

DIN No.:

002291892

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	L74999MH1994PLC077041	JSW Energy Limited	Nominee director	31-07-08	31-07-08	-	Active	NO
2	U55101MH1985PTC152863	Juniper Hotels Private Limited	Nominee director	01-11-10	01-11-10	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Subramanian Naganath Iyer
Designation :	Secretary
Address :	A-603, Twin Tower, Pune – 411007, Maharashtra, India
Date of Birth/Age :	19.07.1958
Date of Appointment :	25.02.2010
Pan No.:	AABPI5956J
Name :	Mr. Bimal K. Jhunjhunwala
Designation :	Secretary
Address :	3^rd Floor, Flat No.11, Block –D, 73, Bangur Avenue, Kolkata-700055, West Bengal, India
Date of Birth/Age :	22.07.1961
Date of Appointment :	17.06.2008
Mobile No.:	91-9831173531

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Saraf Hotels Limited, Mauritius	71850000
Two Seas Holdings Limited, Mauritius	71850000
TOTAL	143700000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in providing Hotel Services

GENERAL INFORMATION

No. of Employees :

2500(Approximately)

Bankers :

• Kotak Mahindra Bank Limited, 36-38A, Nariman Point, Mumbai-400021, Maharashtra, India
• Punjab National Bank, Large Corporate Branch, A-9, Connaught Place, New Delhi, India
• Central Bank of India
• ICICI Bank Limited
• State Bank of India
• Axis Bank Limited, Universal Insurance Building Sir P. M. Road, Fort, Mumbai-400001, Maharashtra, India
• IDBI Bank Limited
• Jammu and Kashmir Bank Limited

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Debentures
10647 Optionally Fully Convertible Debentures (OFCD’S)	280.000	300.000
2800000 Previous Year 3000000) OFCD’s of Rs. 100 each paid up) Secured by mortgage by deposit of title deeds
Term Loans From Banks
Rupee Loans	4337.407	3081.956
Foreign Currency Loans (Including interest accrued and due Rs. Nil) (Previous Year Rs. 7.269 Millions)	0.000	78.593
Bank Overdraft	34.743	29.732
Other Loans	78.370	1.441
Total	4730.520	3491.722

Banking Relations :	--
Auditors :
Name :	S R Batliboi and Company Chartered Accountant
Address :	6^th Floor, Express Towers, Nariman Point, Mumbai-400021, Maharashtra, India
Tel. No.:	91-22-66579200
Fax No.:	91-22-22876401
PAN.:	AALFZS0506L
Holding Company:	Mahima Holding Private Limited CIN No.: U67120MH1996PTC098688

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
190000000	Equity Shares	Rs. 10/- each	Rs. 1900.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
143700000	Equity Shares	Rs. 10/- each	Rs. 1437.000 Millions

Notes: of the above 94500000 (Previous Year 94500000) Equity shares of Rs. 10 each were allotted as fully paid up bonus shares by way of capitalization of revaluation reserve during 2000-2001

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		1437.000	1437.000	1437.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1692.984	1514.256	906.922
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		3129.984	2951.256	2343.922
LOAN FUNDS
1] Secured Loans		4730.520	3491.722	4028.961
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		4730.520	3491.722	4028.961
DEFERRED TAX LIABILITIES		351.506	348.204	329.800
TOTAL		8212.010	6791.182	6702.683
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		6342.444	6584.075	6213.357
Capital work-in-progress		806.002	36.517	11.759
INVESTMENT		121.720	121.720	306.706
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	92.934	104.055	104.367
	Sundry Debtors	172.281	179.056	229.079
	Cash & Bank Balances	64.462	165.750	68.819
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1228.579	110.607	232.143
Total Current Assets		1558.256	559.468	634.408
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	656.250	252.809	212.006
	Other Current Liabilities		360.989	377.216
	Provisions	34.121	25.916	19.905
Total Current Liabilities		690.371	639.714	609.127
Net Current Assets		867.885	(80.246)	25.281
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
Deferred Revenue Expenses		73.959	129.116	145.580
TOTAL		8212.010	6791.182	6702.683

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		SALES AND OTHER INCOME	2759.400	3320.300	3546.500
		TOTAL (A)	2759.400	3320.300	3546.500
Less	EXPENSES
		Office Expenses	1696.900	1688.400	1652.600
		Administrative Expenses
		Advertising Expenses
		TOTAL (B)	1696.900	1688.400	1652.600
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1062.500	1631.900	1893.900
Less	FINANCIAL EXPENSES (D)		466.600	394.100	409.300
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		595.900	1237.800	1484.600
Less/ Add	DEPRECIATION/ AMORTISATION (F)		318.900	368.700	376.000
	PROFIT BEFORE TAX (E-F) (G)		277.000	869.100	1108.600
Less	TAX (H)		98.300	261.800	390.800
	PROFIT AFTER TAX (G-H) (I)		178.700	607.300	717.800
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1362.400	785.000	97.200
Less	APPROPRIATIONS
		Transfer to Debenture Redemption Reserve	30.000	30.000	30.000
	BALANCE CARRIED TO THE B/S		1511.100	1362.300	785.000
	EARNINGS IN FOREIGN CURRENCY		NA	1351.394	1574.990
	IMPORTS
		Capital Goods	NA	23.526	14.759
		Food, Beverage, Wines, Liquors and Others	NA	18.463	38.791
	TOTAL IMPORTS		NA	41.989	53.550
	Earnings Per Share (Rs.)		1.24	4.23	5.00

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	6.48	18.29	20.24
Return on Total Assets (PBT/Total Assets}	(%)	3.51	13.36	17.76
Return on Investment (ROI) (PBT/Networth)		0.09	0.29	0.47
Debt Equity Ratio (Total Liability/Networth)		1.73	1.39	1.97
Current Ratio (Current Asset/Current Liability)		2.26	0.87	1.04

LOCAL AGENCY FURTHER INFORMATION

PERFORMANCE OF THE HOTEL

During the year, Grand Hyatt Mumbai completed its fifth full year of operation. The Hotel achieved a total turnover of Rs.2759.400 Millions on which it made profit before tax of Rs. 277.000 Millions. After accounting for total provision of Rs. 98.300 Millions for tax, the Company’s net profit after tax for the year amounted to Rs. 178.700 Millions sharp decline in the turnover-and- profitability of the Company as compared to the previous year was mainly due to fall in the tourist inflow to the country and overall global economic recession.

The effect of post 26/11/2008 was clearly evident during the better part of the financial year. In addition to the terror attack and global slow down, the country was faced with H1NI pandemic. The tourists had been advised to avoid visiting India. This had directly resulted in the reduction of tourists’ inflow into their country and thereby affecting the hospitality sector. This slow-down had led to decreased occupancy and Average Room Rates in the industry. However, the last quarter witnessed improvement in the occupancy levels. The Common wealth Games scheduled this October is expected to give boost to the tourism and hospitality sectors. The economy as a whole is also growing at an impressive pace and this should provide a good platform for growth to the hospitality sector.

The stimulus packages, delinking of Hotel Projects from real estate projects and other focused initiatives of Government are further expected to yield better results in the days to come.

During the year, the Hotel achieved its natural market share in the industry among comparable Hotels.

The funding arrangements for the Company’s proposed 5 Star hotels in New Delhi and Ahmedabad have been completed. The Company is in the process of getting various approvals for the projects of which some have already been obtainec and some are in pipeline. Excavation work is underway at New Delhi and the Company is on the verge of finalizing the other civil contractors for the project. The civil contractors for Ahmedabad have been finalized and the work at the site will commence shortly.

FORM 8

Corporate identity number of the company	U55101MH1985PTC152863
Name of the company	JUNIPER HOTELS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Off Western Express Highway, Santacruz (East), Mumbai-400055, Maharashtra, India Email: aiyers@juniperhotels.com
This form is for	Creation of charge
Type of charge	Movable Property (not being pledge)
Particular of charge holder	Axis Bank Limited, Corporate Banking Branch, Axis Bank, Bombay Dyeing, Mills Compound, Pandurang, Budhkar Marg, Worli, Mumbai – 400025, Maharashtra, India Email : SHILPA.MEHTA@AXISBANK.COM
Nature of instrument creating charge	Deed of hypothecation of the movable properties of the borrower of its hotel projects at ahmedbad and new delhi
Date of instrument Creating the charge	14.06.2011
Amount secured by the charge	Rs. 3000.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest: Base Rate + 3.25% PA Payable Monthly Terms of Repayment : Repayable in 40 quarterly stepped up installments beginning from 28th February 2015 Margin: 35.71% Extent and Operation of the charge: The loans together with all interest, costs , expenses and other monies whatsoever stipulted in this agreement shall be secured by first pari passu charge on all the current assets and immovable and movable fixed assets of the company located at new delhi and ahmedbad on pari passu basis with other project lenders
Short particulars of the property or asset(s) charged (including complete address and location of the property)	All The Current and Movable Assets Located At The Following Addresses. Asset Area No: 1, Hospitality District, Delhi International Airport, New Delhi - 110 037 Opposite Gujarat Vidyapith, Ashram Road, Ahmedbad - 380 014

FIXED ASSETS

TANGIBLE ASSETS

● Hotel building

● Land (Free hold)

● Plant and Machinery

● Electrical Installations

● Furniture and Fixture

● Hotel Equipment

● Office Equipment

● Vehicle

● Computer

INTANGIBLE ASSETS

● Computer Software

AS PER WEBSITE

Profile:

Grant Hyatt Mumbai Hotel is in the centre of Mumbai (Bombay) India, More than a hotel, Grand Hyatt Mumbai is a multi dimensional lifestyle complex set on 12 acres of landscaped gardens and water features. Located just ten minutes form Mumbai’s domestic airport and 20 minutes from the international airport, the hotel is in close proximity to Bandra-Kurla complex, Mumbai’s rapidly developing business district. The Grand Hytatt Mumbai hotel complex features luxurious accommodation, contemporary serviced apartments, dining and entertainment options, spa recreation and fitness facilities, conference and exhibition spaces and an international shopping plaza. The complex’ multiple lifestyle features make it a Mumbai destination in itself.

Hotel Overview

Hyatt Regency Mumbai is a luxury 5 star hotel located on Sahar Airport Road in Mumbai (Bombay), India. Hyatt Regency Mumbai is the city's premier gateway hotel. The hotel is adjacent to Mumbai's international airport and minutes from the domestic terminals. The hotel is also close to Santacruz domestic airport. Hyatt Regency Mumbai is the preferred hotel for business travellers visiting the city of Mumbai. The hotel is also host to Club Prana Spa.

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.50.25
UK Pound	1	Rs.81.23
Euro	1	Rs.69.83

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		45

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.