MIRA INFORM REPORT

Report Date :

28.09.2011

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. 3109.500 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 :	Not Avialable

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 170000
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.

ECGC Country Risk Classification List – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
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 :	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
Corporate Office :	“Paradigm”, A Wing, 1^st Floor, Mindspace, Malad Link Road, Malad (West), Mumbai-400064, Maharashtra, India
Tel. No.:	91-22-40695555
Fax No.:	91-22-40032120
Retail Stores :	Located at Malad Vashi Thane Jaipur Hyderabad Bangalore (2 Stores) Amritsar Ludhiana Bhopal

SOLE PROPRIETOR/PARTNERS/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

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	17/11/1973	17/11/1973	-	Active	NO
2	U70100MH1982PTC026374	IVORY PROPERTIES AND HOTELS PRIVATE LIMITED	Director	18/02/1982	18/02/1982	-	Active	NO
3	U70100MH1982PTC027542	BEACH HAVEN PROPERTIES PRIVATE LIMITED	Director	27/07/1983	27/07/1983	09/08/2011	Active	NO
4	U55100MH1979PTC021866	K RAHEJA CORP PRIVATE LIMITED	Director	10/08/1983	10/08/1983	-	Active	NO
5	U45202MH1982PTC027546	PALM SHELTER ESTATE DEVELOPMENT PRIVATE LIMITED	Director	20/02/1985	20/02/1985	-	Active	NO
6	U55101MH1986PLC038538	CHALET HOTELS LIMITED	Director	06/01/1986	06/01/1986	-	Active	NO
7	U65920MH1987PTC044156	WISEMAN FINANCE PVT LTD	Director	23/07/1987	23/07/1987	-	Active	NO
8	U45200MH1982PTC027587	CASA MARIA PROPERTIES PRIVATE LIMITED	Director	08/01/1988	08/01/1988	-	Active	NO
9	U45200MH1982PTC027611	NANDJYOT PROPERTIES AND HOTELS PRIVATE LIMITED	Director	01/08/1988	01/08/1988	-	Active	NO
10	U70100MH1982PTC027471	AMBER APARTMENT MAKERS PRIVATE LIMITED	Director	15/03/1989	15/03/1989	-	Active	NO
11	U85110KA1990PTC010775	K REHEJA HOTELS AND ESTATES PRIVATE LIMITED	Director	26/02/1990	26/02/1990	09/08/2010	Active	NO
12	U14102KA1985PTC007215	FORMOST GRANITE EXPORTS PRIVATE LIMITED	Director	16/04/1990	16/04/1990	15/02/2008	Active	NO
13	U45200MH1985PTC036601	ANBEE CONSTRUCTIONS PRIVATE LIMITED	Director	29/08/1994	29/08/1994	-	Active	NO
14	U45202MH1984PTC033068	RAGHUKOOL ESTATE DEVELOPEMENT PRIVATE LIMITED	Director	29/08/1994	29/08/1994	-	Active	NO
15	U51900MH1994PTC081337	CAPE TRADING PRIVATE LIMITED	Director	22/09/1994	22/09/1994	-	Active	NO
16	U51900MH1994PTC082255	CAPSTAN TRADING PRIVATE LIMITED	Director	21/10/1994	21/10/1994	-	Active	NO
17	U74140MH1995PTC093179	KNIGHT FRANK(INDIA) PRIVATE LIMITED	Director	11/04/1996	11/04/1996	23/05/2007	Active	NO
18	U45200MH1996PTC103640	TOUCHSTONE PROPERTIES AND HOTELS PRIVATE LIMITED	Director	30/10/1996	30/10/1996	11/08/2011	Active	NO
19	L51900MH1997PLC108798	Shoppers Stop Limited	Director	16/06/1997	16/06/1997	-	Active	NO
20	U74140MH1997PTC108799	K. RAHEJA SERVICES Private LIMITED	Director	16/06/1997	16/06/1997	09/08/2011	Active	NO
21	U55200MH1974PLC017128	JUHU BEACH RESORTS LIMITED	Director	06/02/2007	31/12/1998	-	Active	NO
22	U45200MH1999PTC117748	INORBIT MALLS (INDIA) PRIVATE LIMITED	Director	01/01/1999	01/01/1999	-	Active	NO
23	U55101MH1999PLC121626	CARIN HOTELS LIMITED	Director	07/09/1999	07/09/1999	-	Active	NO
24	U45200AP2003PTC041083	K.RAHEJA IT PARK (HYDERABAD) PRIVATE LIMITED	Director	02/06/2003	02/06/2003	-	Active	NO
25	U45200MH2003PTC142869	BKC PROPERTIES PRIVATE LIMITED	Director	24/10/2003	24/10/2003	12/07/2007	Active	NO
26	U45200MH2003PTC143609	NEOGEN PROPERTIES PRIVATE LIMITED	Director	06/01/2004	06/01/2004	22/07/2008	Active	NO
27	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) LIMITED	Director	27/05/2004	27/05/2004	-	Active	NO
28	U45200MH2004PTC146464	K. RAHEJA CORPORATE SERVICES PRIVATE LIMITED	Director	27/12/2004	27/12/2004	27/03/2008	Active	NO
29	U67190MH2005PTC153381	K.RAHEJA VENTURE CAPITAL MANAGEMENT PRIVATE LIMITED	Director	18/05/2005	18/05/2005	09/08/2011	Active	NO
30	U74999MH2005PTC156244	PARADIGM LOGISTICS & DISTRIBUTION PRIVATE LIMITED	Director	20/12/2005	20/12/2005	-	Active	NO
31	U70100MH2005PTC154307	CAVALCADE PROPERTIES PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	Active	NO
32	U45200MH2006PTC158775	STARGAZE PROPERTIES PRIVATE LIMITED	Director	12/01/2006	12/01/2006	11/08/2011	Active	NO
33	U45200MH2005PTC157987	SYCAMORE PROPERTIES PRIVATE LIMITED	Director	12/01/2006	12/01/2006	10/08/2011	Active	NO
34	U45200MH2005PTC154472	OPUL CONSTRUCTIONS PRIVATE LIMITED	Director	16/01/2006	16/01/2006	11/08/2011	Active	NO
35	U45201MH2006PTC163086	CONVEX PROPERTIES PRIVATE LIMITED	Director	14/07/2006	14/07/2006	17/08/2011	Active	NO
36	U45201MH2006PTC163097	AQUALINE PROPERTIES PRIVATE LIMITED	Director	14/07/2006	14/07/2006	10/08/2011	Active	NO
37	U45201MH2006PTC163110	HORIZONVIEW PROPERTIES PRIVATE LIMITED	Director	15/07/2006	15/07/2006	11/08/2011	Active	NO
38	U70101MH2004PTC146226	GRANDWELL PROPERTIES AND LEASING PRIVATE LIMITED	Director	16/08/2006	16/08/2006	-	Active	NO
39	U55101KL2006PTC020125	CHALET HOTELS & PROPERTIES (KERALA) PRIVATE LIMITED	Director	22/12/2006	22/12/2006	-	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

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	30/10/1991	30/10/1991	-	Active	NO
2	U45200MH1973PTC017018	K.RAHEJA PRIVATE LIMITED	Director	02/02/1993	02/02/1993	-	Active	NO
3	U45202MH1982PTC027546	PALM SHELTER ESTATE DEVELOPMENT PRIVATE LIMITED	Director	02/02/1993	02/02/1993	-	Active	NO
4	U45200MH1985PTC036601	ANBEE CONSTRUCTIONS PRIVATE LIMITED	Director	29/08/1994	29/08/1994	-	Active	NO
5	U55101MH1986PLC038538	CHALET HOTELS LIMITED	Director	04/09/1995	04/09/1995	-	Active	NO
6	U45200MH1996PTC103640	TOUCHSTONE PROPERTIES AND HOTELS PRIVATE LIMITED	Director	30/10/1996	30/10/1996	-	Active	NO
7	U55100MH1979PTC021866	K RAHEJA CORP PRIVATE LIMITED	Director	12/12/1996	12/12/1996	-	Active	NO
8	U70100MH1982PTC026374	IVORY PROPERTIES AND HOTELS PRIVATE LIMITED	Director	12/12/1996	12/12/1996	-	Active	NO
9	U70100MH1982PTC027542	BEACH HAVEN PROPERTIES PRIVATE LIMITED	Director	12/12/1996	12/12/1996	09/08/2011	Active	NO
10	L51900MH1997PLC108798	Shoppers Stop Limited	Director	16/06/1997	16/06/1997	-	Active	NO
11	U74140MH1997PTC108799	K. RAHEJA SERVICES Private LIMITED	Director	16/06/1997	16/06/1997	09/08/2011	Active	NO
12	U85110KA1990PTC010775	K REHEJA HOTELS AND ESTATES PRIVATE LIMITED	Director	26/12/1997	26/12/1997	-	Active	NO
13	U51900MH1994PTC081337	CAPE TRADING PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
14	U51900MH1994PTC082255	CAPSTAN TRADING PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
15	U45200MH1982PTC027587	CASA MARIA PROPERTIES PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
16	U45202MH1984PTC033068	RAGHUKOOL ESTATE DEVELOPEMENT PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
17	U55101MH1999PLC121626	CARIN HOTELS LIMITED	Director	07/09/1999	07/09/1999	-	Active	NO
18	U52396MH1999PLC122528	CROSSWORD BOOKSTORES LIMITED	Director	03/11/1999	03/11/1999	-	Active	NO
19	L22100MH1981PLC024052	Next Mediaworks Limited	Director	07/09/2000	07/09/2000	19/01/2008	Active	NO
20	U65990MH1986PTC041752	LOUISIANA INVESTMENT & FINANCE PRIVATE LIMITED	Director	24/11/2000	24/11/2000	09/08/2011	Active	NO
21	U45200AP2003PTC041083	K.RAHEJA IT PARK (HYDERABAD) PRIVATE LIMITED	Director	02/06/2003	02/06/2003	-	Active	NO
22	U45200MH2003PTC142869	BKC PROPERTIES PRIVATE LIMITED	Director	24/10/2003	24/10/2003	-	Active	NO
23	U45200MH2003PTC143610	SERENE PROPERTIES PRIVATE LIMITED	Director	23/12/2003	23/12/2003	-	Active	NO
24	U45200MH2003PTC143609	NEOGEN PROPERTIES PRIVATE LIMITED	Director	23/12/2003	23/12/2003	22/07/2008	Active	NO
25	U70101MH2004PTC146226	GRANDWELL PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
26	U70101MH2004PTC146231	UPTOWN PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
27	U70101MH2004PTC146227	NEWFOUND PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
28	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) LIMITED	Director	27/05/2004	27/05/2004	-	Active	NO
29	U45200MH1999PTC117748	INORBIT MALLS (INDIA) PRIVATE LIMITED	Director	27/05/2004	27/05/2004	-	Active	NO
30	U07010KA2004PTC033984	G CORP PROJECTS PRIVATE LIMITED	Director	29/09/2007	04/06/2004	-	Active	NO
31	U51432MH2000PTC130106	HORNBIL TRADING COMPANY PRIVATE LIMITED	Additional director	10/08/2011	17/06/2004	-	Active	NO
32	U45200MH2004PTC146464	K. RAHEJA CORPORATE SERVICES PRIVATE LIMITED	Director	27/12/2004	27/12/2004	27/03/2008	Active	NO
33	U45200MH2005PTC152224	G.CORP NEERAV DEVELOPERS PRIVATE LIMITED	Director	28/03/2005	28/03/2005	-	Active	NO
34	U70100MH2005PTC154307	CAVALCADE PROPERTIES PRIVATE LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
35	U45200MH2005PTC154472	OPUL CONSTRUCTIONS PRIVATE LIMITED	Director	05/07/2005	05/07/2005	-	Active	NO
36	U74999MH2005PTC156244	PARADIGM LOGISTICS & DISTRIBUTION PRIVATE LIMITED	Director	21/09/2005	21/09/2005	-	Active	NO
37	U45200MH2005PTC157367	TRION PROPERITIES PRIVATE LIMITED	Director	17/11/2005	17/11/2005	-	Active	NO
38	U45200MH2005PTC157987	SYCAMORE PROPERTIES PRIVATE LIMITED	Director	12/12/2005	12/12/2005	10/08/2011	Active	NO
39	U45200MH2006PTC158775	STARGAZE PROPERTIES PRIVATE LIMITED	Director	10/01/2006	10/01/2006	-	Active	NO
40	U55100MH2005PTC152999	GRANGE HOTELS AND PROPERTIES PRIVATE LIMITED	Director	16/01/2006	16/01/2006	-	Active	NO
41	U72100MH2006PTC160261	GENEXT HARDWARE & PARKS PRIVATE LIMITED	Director	03/03/2006	03/03/2006	-	Active	NO
42	U67190MH2005PTC153381	K.RAHEJA VENTURE CAPITAL MANAGEMENT PRIVATE LIMITED	Director	03/06/2006	03/06/2006	09/08/2011	Active	NO
43	U45201MH2006PTC163097	AQUALINE PROPERTIES PRIVATE LIMITED	Director	14/07/2006	14/07/2006	-	Active	NO
44	U45201MH2006PTC163086	CONVEX PROPERTIES PRIVATE LIMITED	Director	14/07/2006	14/07/2006	17/08/2011	Active	NO
45	U45201MH2006PTC163110	HORIZONVIEW PROPERTIES PRIVATE LIMITED	Director	15/07/2006	15/07/2006	-	Active	NO
46	U70102AP2006PTC050883	SUNDEW PROPERTIES PRIVATE LIMITED	Director	11/08/2006	11/08/2006	-	Active	NO
47	U45200AP2006PTC050930	INTIME PROPERTIES PRIVATE LIMITED	Director	22/08/2006	22/08/2006	-	Active	NO
48	U45201MH2006PTC165002	AMBIT MALLS PRIVATE LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO
49	U93090MH2006PTC166321	IMPERIAL SERVICED OFFICES PRIVATE LIMITED	Director	19/12/2006	19/12/2006	09/08/2011	Active	NO
50	U55101KL2006PTC020125	CHALET HOTELS & PROPERTIES (KERALA) PRIVATE LIMITED	Director	22/12/2006	22/12/2006	-	Active	NO
51	U45200MH2007PTC167179	NOVEL PROPERTIES PRIVATE LIMITED	Director	22/01/2007	22/01/2007	09/08/2011	Active	NO
52	U74999MH2007PTC168221	GLEAMER PROPERTIES PRIVATE LIMITED	Director	28/02/2007	28/02/2007	09/08/2011	Active	NO
53	U74999MH2007PTC168360	IMMENSE PROPERTIES PRIVATE LIMITED	Director	05/03/2007	05/03/2007	-	Active	NO
54	U70102MH2007PTC168617	PACT REAL ESTATE PRIVATE LIMITED	Director	10/03/2007	10/03/2007	-	Active	NO
55	U70102MH2007PTC168611	ACCORD REAL ESTATE DEVELOPMENT PRIVATE LIMITED	Director	10/03/2007	10/03/2007	09/08/2011	Active	NO
56	U70109MH2007PTC168607	PROTECT PROPERTIES PRIVATE LIMITED	Director	10/03/2007	10/03/2007	10/08/2011	Active	NO
57	U67120MH1979PTC021585	J T HOLDINGS PRIVATE LIMITED	Director	29/09/2007	14/03/2007	25/02/2011	Active	NO
58	U70102MH2007PTC168820	SENTINEL PROPERTIES PRIVATE LIMITED	Director	15/03/2007	15/03/2007	18/04/2011	Active	NO
59	U36101MH2000PLC129024	BP ERGO LIMITED	Director	23/03/2007	23/03/2007	-	Active	NO
60	U70102MH2007PTC170061	STRENGTH REAL ESTATE PRIVATE LIMITED	Director	18/04/2007	18/04/2007	10/08/2011	Active	NO
61	U45201MH2007PTC170091	FLABBERGAST PROPERTIES PRIVATE LIMITED	Director	19/04/2007	19/04/2007	09/08/2011	Active	NO
62	U70102MH2007PTC170624	MATRIX INTEGRATED FACILITIES & PROPERTY MANAGEMENT PRIVATE LIMITED	Director	07/05/2007	07/05/2007	22/01/2010	Active	NO
63	U70103MH2007PTC171120	Eternus Properties Private Limited	Director	24/05/2007	24/05/2007	09/08/2011	Active	NO
64	U70100MH2005PTC151765	SHIVAN PROPERTIES AND TRADING PRIVATE LIMITED	Director	29/09/2007	17/08/2007	10/08/2011	Active	NO
65	U67190MH2007PTC173763	LOMBARD STREET INVESTMENT ADVISORS PRIVATE LIMITED	Director	03/09/2007	03/09/2007	29/04/2008	Active	NO
66	U01403MH2007PTC175906	BROOKFIELDS AGRO & DEVELOPMENT PRIVATE LIMITED	Director	15/11/2007	15/11/2007	-	Active	NO
67	U01407MH2007PTC175907	CRIMSON AGRO & DEVELOPMENT PRIVATE LIMITED	Director	15/11/2007	15/11/2007	09/08/2011	Active	NO
68	U70102MH2007PTC176115	AFFLUENCE REALTY AND LEASING PRIVATE LIMITED	Director	23/11/2007	23/11/2007	30/03/2009	Active	NO
69	U63023MH2007PTC176377	OPULENCE WAREHOUSING AND LOGISTICS PRIVATE LIMITED	Director	03/12/2007	03/12/2007	-	Active	NO
70	U40104MH2007PTC176378	KRInfra Power Company Private Limited	Director	03/12/2007	03/12/2007	09/08/2011	Active	NO
71	U63023MH2007PTC176854	ROBUST LOGISTICS AND WAREHOUSING PRIVATE LIMITED	Director	17/12/2007	17/12/2007	10/08/2011	Active	NO
72	U63030MH2007PTC176961	NAKSHTRA LOGISTICS PRIVATE LIMITED	Director	19/12/2007	19/12/2007	09/08/2011	Active	NO
73	U60231MH2007PTC177037	ETERNUS REAL ESTATE PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
74	U55101AP2008PTC058383	CYBERCITY HOTELS (INDIA) PRIVATE LIMITED	Director	27/03/2008	27/03/2008	-	Active	NO
75	U45200MH2008PTC183176	KRC Infrastructure and Projects Private Limited	Director	04/06/2008	04/06/2008	09/08/2011	Active	NO
76	U63023MH2008PTC184856	STARSHINE WAREHOUSING AND LOGISTICS PRIVATE LIMITED	Director	21/07/2008	21/07/2008	10/08/2011	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

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	01/09/1994	01/09/1994	-	Active	NO
2	U51900MH1994PTC081337	CAPE TRADING PRIVATE LIMITED	Director	22/09/1994	22/09/1994	-	Active	NO
3	U45200MH1973PTC017018	K.RAHEJA PRIVATE LIMITED	Director	12/12/1994	12/12/1994	-	Active	NO
4	U70100MH1982PTC027542	BEACH HAVEN PROPERTIES PRIVATE LIMITED	Director	12/05/1995	12/05/1995	09/08/2011	Active	NO
5	U45202MH1984PTC033068	RAGHUKOOL ESTATE DEVELOPEMENT PRIVATE LIMITED	Director	08/09/1995	08/09/1995	-	Active	NO
6	U45200MH1996PTC103640	TOUCHSTONE PROPERTIES AND HOTELS PRIVATE LIMITED	Director	30/10/1996	30/10/1996	-	Active	NO
7	U55101MH1986PLC038538	CHALET HOTELS LIMITED	Director	14/03/2007	12/12/1996	-	Active	NO
8	U45202MH1982PTC027546	PALM SHELTER ESTATE DEVELOPMENT PRIVATE LIMITED	Director	12/12/1996	12/12/1996	-	Active	NO
9	L51900MH1997PLC108798	Shoppers Stop Limited	Director	16/06/1997	16/06/1997	-	Active	NO
10	U74140MH1997PTC108799	K. RAHEJA SERVICES Private LIMITED	Director	16/06/1997	16/06/1997	09/08/2011	Active	NO
11	U85110KA1990PTC010775	K REHEJA HOTELS AND ESTATES PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
12	U45200MH1985PTC036601	ANBEE CONSTRUCTIONS PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
13	U51900MH1994PTC082255	CAPSTAN TRADING PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
14	U45200MH1982PTC027587	CASA MARIA PROPERTIES PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
15	U45200MH1999PTC117748	INORBIT MALLS (INDIA) PRIVATE LIMITED	Director	01/01/1999	01/01/1999	-	Active	NO
16	U55101MH1999PLC121626	CARIN HOTELS LIMITED	Director	07/09/1999	07/09/1999	-	Active	NO
17	U52396MH1999PLC122528	CROSSWORD BOOKSTORES LIMITED	Director	03/11/1999	03/11/1999	-	Active	NO
18	U67120MH1997PLC110386	HSBC InvestDirect (India) Limited	Director	01/06/2000	01/06/2000	29/09/2008	Active	NO
19	U65990MH1986PTC041752	LOUISIANA INVESTMENT & FINANCE PRIVATE LIMITED	Director	24/11/2000	24/11/2000	09/08/2011	Active	NO
20	U45200AP2003PTC041083	K.RAHEJA IT PARK (HYDERABAD) PRIVATE LIMITED	Director	02/06/2003	02/06/2003	-	Active	NO
21	U45200MH2003PTC142869	BKC PROPERTIES PRIVATE LIMITED	Director	24/10/2003	24/10/2003	12/07/2007	Active	NO
22	U45200MH2003PTC143610	SERENE PROPERTIES PRIVATE LIMITED	Director	23/12/2003	23/12/2003	-	Active	NO
23	U45200MH2003PTC143609	NEOGEN PROPERTIES PRIVATE LIMITED	Director	23/12/2003	23/12/2003	22/07/2008	Active	NO
24	U70101MH2004PTC146226	GRANDWELL PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
25	U70101MH2004PTC146231	UPTOWN PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
26	U70101MH2004PTC146227	NEWFOUND PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
27	U55100MH1979PTC021866	K RAHEJA CORP PRIVATE LIMITED	Director	16/05/2004	16/05/2004	-	Active	NO
28	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) LIMITED	Director	27/05/2004	27/05/2004	-	Active	NO
29	U51432MH2000PTC130106	HORNBIL TRADING COMPANY PRIVATE LIMITED	Additional director	10/08/2011	17/06/2004	-	Active	NO
30	U07010KA2004PTC033984	G CORP PROJECTS PRIVATE LIMITED	Director	29/09/2007	25/10/2004	-	Active	NO
31	U45200MH2004PTC146464	K. RAHEJA CORPORATE SERVICES PRIVATE LIMITED	Director	27/12/2004	27/12/2004	27/03/2008	Active	NO
32	U45200MH2005PTC152224	G.CORP NEERAV DEVELOPERS PRIVATE LIMITED	Director	28/03/2005	28/03/2005	-	Active	NO
33	U67190MH2005PTC153381	K.RAHEJA VENTURE CAPITAL MANAGEMENT PRIVATE LIMITED	Director	18/05/2005	18/05/2005	09/08/2011	Active	NO
34	U70100MH2005PTC154307	CAVALCADE PROPERTIES PRIVATE LIMITED	Director	28/06/2005	28/06/2005	-	Active	NO
35	U45200MH2005PTC154472	OPUL CONSTRUCTIONS PRIVATE LIMITED	Director	05/07/2005	05/07/2005	-	Active	NO
36	U74999MH2005PTC156244	PARADIGM LOGISTICS & DISTRIBUTION PRIVATE LIMITED	Director	21/09/2005	21/09/2005	-	Active	NO
37	U74999MH1968GAP014120	INDO-AMERICAN CHAMBER OF COMMERCE	Director	29/09/2005	29/09/2005	-	Active	NO
38	U45200MH2005PTC157367	TRION PROPERITIES PRIVATE LIMITED	Director	17/11/2005	17/11/2005	-	Active	NO
39	U45200MH2005PTC157987	SYCAMORE PROPERTIES PRIVATE LIMITED	Director	12/12/2005	12/12/2005	10/08/2011	Active	NO
40	U45200MH2006PTC158775	STARGAZE PROPERTIES PRIVATE LIMITED	Director	10/01/2006	10/01/2006	-	Active	NO
41	U55100MH2005PTC152999	GRANGE HOTELS AND PROPERTIES PRIVATE LIMITED	Director	16/01/2006	16/01/2006	-	Active	NO
42	U72100MH2006PTC160261	GENEXT HARDWARE & PARKS PRIVATE LIMITED	Director	03/03/2006	03/03/2006	-	Active	NO
43	U70102AP2006PTC050883	SUNDEW PROPERTIES PRIVATE LIMITED	Director	11/08/2006	11/08/2006	-	Active	NO
44	U45200AP2006PTC050930	INTIME PROPERTIES PRIVATE LIMITED	Director	22/08/2006	22/08/2006	-	Active	NO
45	U45201MH2006PTC165002	AMBIT MALLS PRIVATE LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO
46	U45201MH2006PTC163110	HORIZONVIEW PROPERTIES PRIVATE LIMITED	Director	03/10/2006	03/10/2006	-	Active	NO
47	U93090MH2006PTC166321	IMPERIAL SERVICED OFFICES PRIVATE LIMITED	Director	19/12/2006	19/12/2006	09/08/2011	Active	NO
48	U55101KL2006PTC020125	CHALET HOTELS & PROPERTIES (KERALA) PRIVATE LIMITED	Director	22/12/2006	22/12/2006	-	Active	NO
49	U45200MH2007PTC167179	NOVEL PROPERTIES PRIVATE LIMITED	Director	22/01/2007	22/01/2007	09/08/2011	Active	NO
50	U74999MH2007PTC168221	GLEAMER PROPERTIES PRIVATE LIMITED	Director	28/02/2007	28/02/2007	09/08/2011	Active	NO
51	U74999MH2007PTC168360	IMMENSE PROPERTIES PRIVATE LIMITED	Director	05/03/2007	05/03/2007	-	Active	NO
52	U70102MH2007PTC168617	PACT REAL ESTATE PRIVATE LIMITED	Director	10/03/2007	10/03/2007	-	Active	NO
53	U70102MH2007PTC168611	ACCORD REAL ESTATE DEVELOPMENT PRIVATE LIMITED	Director	10/03/2007	10/03/2007	09/08/2011	Active	NO
54	U70109MH2007PTC168607	PROTECT PROPERTIES PRIVATE LIMITED	Director	10/03/2007	10/03/2007	10/08/2011	Active	NO
55	U67120MH1979PTC021585	J T HOLDINGS PRIVATE LIMITED	Director	29/09/2007	14/03/2007	25/02/2011	Active	NO
56	U70102MH2007PTC168820	SENTINEL PROPERTIES PRIVATE LIMITED	Director	15/03/2007	15/03/2007	18/04/2011	Active	NO
57	U70102MH2007PTC170061	STRENGTH REAL ESTATE PRIVATE LIMITED	Director	18/04/2007	18/04/2007	10/08/2011	Active	NO
58	U45201MH2007PTC170091	FLABBERGAST PROPERTIES PRIVATE LIMITED	Director	19/04/2007	19/04/2007	09/08/2011	Active	NO
59	U70102MH2007PTC170624	MATRIX INTEGRATED FACILITIES & PROPERTY MANAGEMENT PRIVATE LIMITED	Director	07/05/2007	07/05/2007	22/01/2010	Active	NO
60	U70103MH2007PTC171120	Eternus Properties Private Limited	Director	24/05/2007	24/05/2007	09/08/2011	Active	NO
61	U67190MH2007PTC173763	LOMBARD STREET INVESTMENT ADVISORS PRIVATE LIMITED	Director	03/09/2007	03/09/2007	29/04/2008	Active	NO
62	U01403MH2007PTC175906	BROOKFIELDS AGRO & DEVELOPMENT PRIVATE LIMITED	Director	15/11/2007	15/11/2007	-	Active	NO
63	U01407MH2007PTC175907	CRIMSON AGRO & DEVELOPMENT PRIVATE LIMITED	Director	15/11/2007	15/11/2007	09/08/2011	Active	NO
64	U70102MH2007PTC176115	AFFLUENCE REALTY AND LEASING PRIVATE LIMITED	Director	23/11/2007	23/11/2007	30/03/2009	Active	NO
65	U63023MH2007PTC176377	OPULENCE WAREHOUSING AND LOGISTICS PRIVATE LIMITED	Director	03/12/2007	03/12/2007	-	Active	NO
66	U40104MH2007PTC176378	KRInfra Power Company Private Limited	Director	03/12/2007	03/12/2007	09/08/2011	Active	NO
67	U60231MH2007PTC177037	ETERNUS REAL ESTATE PRIVATE LIMITED	Director	24/12/2007	24/12/2007	-	Active	NO
68	U55101AP2008PTC058383	CYBERCITY HOTELS (INDIA) PRIVATE LIMITED	Director	27/03/2008	27/03/2008	-	Active	NO
69	U45200MH2008PTC183176	KRC Infrastructure and Projects Private Limited	Director	04/06/2008	04/06/2008	09/08/2011	Active	NO
70	U93000DL2008NPL178695	SHOPPING CENTRES ASSOCIATION OF INDIA	Director	30/10/2009	03/07/2008	-	Active	NO
71	U63023MH2008PTC184856	STARSHINE WAREHOUSING AND LOGISTICS PRIVATE LIMITED	Director	21/07/2008	21/07/2008	10/08/2011	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

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	30/04/2001	30/04/2001	-	Active	NO
2	U51900MH1995PLC095115	UPASNA TRADING LIMITED	Director	30/10/2002	30/10/2002	20/04/2010	Active	NO
3	U72900MH2000PLC124178	SHOPPERS' STOP.COM (INDIA) LIMITED	Director	30/10/2002	30/10/2002	20/04/2010	Active	NO
4	U74999MH2000PLC124945	SHOPPER'S STOP SERVICES (INDIA) LIMITED	Director	30/10/2002	30/10/2002	20/04/2010	Active	NO
5	U74140MH2003PTC141033	Nagesh (BSN) Consults Private Limited	Director	25/06/2003	25/06/2003	-	Active	NO
6	U70100MH2002PTC137766	AVACADO PROPERTIES AND TRADING (INDIA) PRIVATE LIMITED	Director	10/07/2003	10/07/2003	20/04/2010	Active	NO
7	U91990MH2005GAP151959	RETAILERS ASSOCIATION OF INDIA	Director	14/03/2005	14/03/2005	-	Active	NO
8	L51900MH1997PLC108798	Shoppers Stop Limited	Director	26/07/2011	01/04/2005	-	Active	NO
9	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) LIMITED	Director	23/05/2005	23/05/2005	-	Active	NO
10	U52100MH2007PLC170243	GATEWAY MULTICHANNEL RETAIL (INDIA) LIMITED	Director	24/04/2007	24/04/2007	20/04/2010	Active	NO
11	L15140MH1988PLC049208	MARICO LIMITED	Director appointed in casual vacancy	16/07/2010	16/07/2010	-	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

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	16/03/2001	16/03/2001	12/09/2008	Active	NO
2	U72309PN2000PTC015028	EBZ ONLINE PRIVATE LIMITED	Director	31/05/2001	31/05/2001	01/04/2007	Active	NO
3	U24239MH1961PLC012098	USV LIMITED	Director	23/08/2003	23/08/2003	-	Active	NO
4	L51900MH1997PLC108798	Shoppers Stop Limited	Director	24/07/2004	24/07/2004	-	Active	NO
5	U72900MH2005PLC151334	ORACLE (OFSS) PROCESSING SERVICES LIMITED	Director	16/02/2005	16/02/2005	08/08/2008	Active	NO
6	U72900DL2002PLC180572	ORACLE (OFSS) BPO SERVICES LIMITED	Director	30/05/2005	30/05/2005	08/08/2008	Active	NO
7	U74999MH1924NPL001128	BOMBAY CHAMBER OF COMMERCE AND INDUSTRY	Director	31/05/2006	31/05/2006	13/06/2008	Active	NO
8	L72200MH1989PLC053666	ORACLE FINANCIAL SERVICES SOFTWARE LIMITED	Whole-time director	24/08/2007	01/05/2007	08/08/2008	Active	NO
9	L24223MH1946PLC005434	CAMLIN LIMITED	Director	26/06/2009	28/07/2008	-	Active	NO
10	U93090MH2008PTC186828	GENCOVAL STRATEGIC SERVICES PRIVATE LIMITED	Director	17/09/2008	17/09/2008	-	Active	NO
11	U85100MH2009PTC189779	GCV LIFE PRIVATE LIMITED	Director	21/01/2009	21/01/2009	-	Active	NO
12	U93090MH2009PTC193622	STEMADE BIOTECH PRIVATE LIMITED	Director	29/06/2009	29/06/2009	-	Active	NO
13	U45200MH2009PTC193674	DCube Ventures & Developers Private Limited	Director	30/06/2009	30/06/2009	-	Active	NO
14	U93000MH2009NPL196282	CHITPAVAN FOUNDATION	Director	06/10/2009	06/10/2009	-	Active	NO
15	U74990MH2009PTC197233	HARIOM INFRAFACILITIES SERVICES PRIVATE LIMITED	Director	23/11/2009	23/11/2009	-	Active	NO
16	U74140MH2010PTC201348	HealthBridge Advisors Private Limited	Director	26/03/2010	26/03/2010	-	Active	NO
17	U74900PN2008PTC132818	NV Consulting Private Limited	Additional director	22/06/2010	22/06/2010	-	Active	NO
18	U85110MH2010PTC205448	Unicity Health Private Limited	Director	13/07/2010	13/07/2010	10/08/2010	Active	NO
19	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) LIMITED	Director	23/09/2010	04/08/2010	-	Active	NO
20	U85100MH2011PTC219265	Healthy Sleep Solutions India Private Limited	Director	29/06/2011	29/06/2011	-	Active	NO

Name :

Mr. Nitin Jagubhai Sanghavi

Designation :

Director

Address :

15, Sunningdale Avenue, Leeds 17, London LS177SD

Date of Birth/Age :

28.12.1948

Date of Appointment :

23.09.2010

DIN No.:

00863107

Other Directorship :

.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	L51900MH1997PLC108798	Shoppers Stop Limited	Director	25/01/2003	25/01/2003	-	Active	NO
2	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) LIMITED	Director	23/09/2010	04/08/2010	-	Active	NO

Name :

Mr. Govind Shridhar Shrikhande

Designation :

Additional 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

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	Date of cessation	Company Status	Defaulting status
1	U51900MH1995PLC095115	UPASNA TRADING LIMITED	Director	30/10/2002	30/10/2002	-	Active	NO
2	U72900MH2000PLC124178	SHOPPERS' STOP.COM (INDIA) LIMITED	Director	30/10/2002	30/10/2002	-	Active	NO
3	U74999MH2000PLC124945	SHOPPER'S STOP SERVICES (INDIA) LIMITED	Director	30/10/2002	30/10/2002	-	Active	NO
4	L51900MH1997PLC108798	Shoppers Stop Limited	Managing director	29/07/2010	29/07/2006	-	Active	NO
5	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) LIMITED	Director	25/07/2011	26/10/2010	-	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

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	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
	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

List of Allotment (As on 29.06.2011)

Names of Allottees (Preference)	No. of Shares
Shopper’s Stop Limited, India	22000000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	99.60
Directors or relatives of Directors	0.40
Total	100.00

BUSINESS DETAILS

Line of Business :

Retail Store Business

GENERAL INFORMATION

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 · IDBI Bank Limited, MIDC Andheri Branch · Kotak Mahindra Bank, Nariman Point Branch

Facilities :

--

Banking Relations :
Auditors :
Name :	G M Kapadia and Company Chartered Accountant
Address :	Tamarind House, 36-B, Tamarind Lane, Mumbai – 400 001, Maharashtra, India
PAN.:	AAAFG4713G
Holding Company :	Shopper’s Stop Limited CIN No. : L51900MH1997PLC108798

CAPITAL STRUCTURE

As on 31.03.2010

Authorised Capital : Rs.2250.000 millions

Issued, Subscribed & Paid-up Capital : Rs.2109.500 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 Millionsa
	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

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		2109.500	1609.500	1009.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(2067.772)	(1516.821)	(651.560)
NETWORTH		41.728	92.679	357.940
LOAN FUNDS
1] Secured Loans		1305.855	815.084	352.490
2] Unsecured Loans		887.838	1555.333	1466.130
TOTAL BORROWING		2193.693	2370.417	1818.620
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2235.421	2463.096	2176.560
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1372.959	596.502	337.560
Capital work-in-progress		19.663	427.312	257.650
Expenses awaiting Capitalisation		17.479	241.017	0.000
INVESTMENT		0.000	0.000	5.720
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	542.652	267.951	254.250
	Sundry Debtors	68.869	17.306	8.140
	Cash & Bank Balances	20.105	10.004	23.230
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	909.740	1233.691	1519.390
Total Current Assets		1541.366	1528.952	1805.010
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	706.209	324.613	218.520
	Other Liabilities
	Provisions	9.837	6.074	10.860
Total Current Liabilities		716.046	330.687	229.380
Net Current Assets		825.320	1198.265	1575.630
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2235.421	2463.096	2176.560

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Net Sales	3048.292	1960.789	1638.010
		Other Income	304.426	133.209	44.110
		TOTAL (A)	3352.718	2093.998	1682.120
Less	EXPENSES
		Cost of goods sold	2473.868	1642.914	1382.200
		Employees Costs	288.250	312.918	184.390
		Operating and Administrative Expenses	669.051	530.132	334.480
		TOTAL (B)	3431.169	2485.964	1901.070
Less	LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(78.451)	(391.966)	(218.950)
Less	INTEREST AND FINANCIAL CHARGES (D)		395.658	161.414	101.020
	LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(474.109)	(553.380)	(319.970)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		95.347	69.517	46.600
Less/ Add	EXCEPTIONAL ITEMS		18.508	238.642	0.000
	LOSS BEFORE TAX (E-F) (G)		(550.948)	(861.539)	(366.570)
Less	TAX (H)		0.003	3.711	2.800
	LOSS AFTER TAX (G-H) (I)		(550.951)	(865.250)	(369.370)
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(1516.821)	(651.571)	(282.190)
	BALANCE CARRIED TO THE B/S		(2067.772)	(1516.821)	(651.560)
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	70.835	60.600	54.780
	TOTAL EARNINGS		70.835	60.600	54.780
	IMPORTS
		Purchase of Merchandise	20.609	76.641	105.820
		Capital Goods	2.721	95.410	13.910
	TOTAL IMPORTS		23.330	172.051	119.730
	Earnings Per Share (Rs.)		(579.95)	(910.79)	(388.82)

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(16.43)	(41.32)	(21.96)
Net Profit Margin (PBT/Sales)	(%)	(18.07)	(43.94)	(22.38)
Return on Total Assets (PBT/Total Assets}	(%)	(18.90)	(40.53)	(17.11)
Return on Investment (ROI) (PBT/Networth)		(13.20)	(9.30)	(1.02)
Debt Equity Ratio (Total Liability/Networth)		69.73	29.14	5.72
Current Ratio (Current Asset/Current Liability)		2.15	4.62	7.87

LOCAL AGENCY FURTHER INFORMATION

TRADE REFERENCES

· Shoppers Stop

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 promoted by C L Raheja group of companies and the Promoters have committed to provide the necessary level of financial support to the Company to enable it to operate. 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. The Company opened its first Hyper Store in Malad Mumbai in April 2006 and subsequently started 2 more stores during 2008-09 in Vashi and Jaipur and added 4 more stores during the year 2009-10 in Hyderabad, Thane (Mumbai), Amritsar and Bengaluru.

PERFORMANCE REVIEW

During the year, the Company opened 4 new hypermarket stores at Hyderabad, Thane, Amritsar and Bengaluru. The total retail space has increased by 193% from 2.7 lacs to 8.3 lacs sq. ft.

The operations at the maiden hypermarket store in Malad, Mumbai continued to show a positive trend, being its third full year of operations.

Despite the deep slowdown in the economic scenario, this store has achieved like growth.

The total revenues for the Company touched Rs.3048.300 millions, registering a growth of 55% year on year basis. Considering that the company is still in the expansion phase and in financial year 2010-11 all the existing 7 stores will operate throughout the year and with few more Hypermarket stores being planned, returns from the business will see an improvement in the forthcoming periods.

The management, after reviewing the performance of ‘Gourmet Business’ i.e. Gourmet City store at Malad, Mumbai had decided to abandon the format and accordingly has closed the said store. The company ceases to operate any store in the Gourmet format.

It’s entry in to a new area i.e. Real Estate Business. Accordingly, the company has acquired the option to purchase some apartments in a project to be developed by K Raheja Private Limited

CONTINGENT LIABILITIES

Particulars	As on 31.03.2010 Rs. in millions	As on 31.03.2009 Rs. in millions
Bank Guarantees issued	11.412	2.620
Preference Dividend payable	237.827	91.460
Bank Guarantees and Bonds issued to Customs under EPCG scheme	97.082	95.760

FORM 8:

This form is for	Modification of charge
Corporate identity number of the company	U52510MH2004PLC146577
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 – 400 051, Maharashtra, India Email Id: bharat.sanghavi@shoppersstop.com
Type of charge	· Book debts · Movable property (not being pledge) · Floating charge
Particular of charge holder	Indian Overseas Bank Bandra (West) Branch, Radhaswami Apartments, 36^th TPS III, Mumbai – 400 050, Maharashtra, India, Email Id: bandrbr@mummsco.iobnet.co.in
Nature of description of the instrument creating or modifying the charge	Letter of Hypothecation dated December 10, 2010 in Form 110-E
Date of instrument Creating the charge	10.12.2010
Amount secured by the charge	Rs.200.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of interest Cash Credit: BR +2.50% WCDL / 90 days: BR+1.00% WCDL /180 days: BR + 1.50% Letter of Credit: As per Circulars in force. Terms of repayment Repayable on Demand Margin Cash Credit and WCDL: 25% Letter of credit: 10% Extent and operation of the charge Modification of charge by way of inclusion of 3 sub-limits under the existing Cash credit facility of Rs.150.000 millions- as follows: WCDL/90 days - Rs.120.000 millions WCDL/180 days - Rs.120.000 millions Letter of Credit on DP/DA 90 days terms - Rs.50.000 millions Others Nil
Short particulars of the property	Hypothecation of goods, book-debts and all currents assets of the Company along with other lenders (Pari passu first charge on current assets along with other Lenders)
Date of instrument modifying the charge	22.08.2011
Particulars of the present modification	Enhancement of existing Cash credit facility of Rs.150.000 millions by inclusion of the below sub-limits under the said facility: 1) WCDL/90 days - Rs.120.000 millions 2) WCDL/180 day - Rs.120.000 millions 3) Letter of Credit on DP/DA 90 days terms - Rs.50.000 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.49.18
UK Pound	1	Rs.76.65
Euro	1	Rs.66.63

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS	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	YES/NO
--LITIGATION	YES/NO	NO	YES/NO
--OTHER ADVERSE INFORMATION	YES/NO	NO	YES/NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO	YES/NO
--EXPORT ACTIVITIES	YES/NO	NO	YES/NO
--AFFILIATION	YES/NO	YES	YES/NO
--LISTED	YES/NO	NO	YES/NO
--OTHER MERIT FACTORS	YES/NO	YES	YES/NO
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.