MIRA INFORM REPORT

Report Date :

07.11.2012

IDENTIFICATION DETAILS

Name :	HYPERCITY RETAIL (INDIA) LIMITED (w.e.f. 30.03.2011)
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 :	1800 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (40)

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 :	Unknown
Litigation :	Clear
Comments :	Subject is a well established and a reputed company having moderate track record. The promoters of the company appears to be reputed and experience businessman. The financial detail for the current year is missing from the government department and from the previous year record there appears huge accumulated losses. However, trade relations are reported to be fair. Business is active. Payments are reported unknown. In view of strong promotes company can be considered for business dealing with some caution.

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

NOTES :

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	A- (Long term Bank Facilities)
Rating Explanation	Having adequate degree of safety regarding timely servicing of financial obligation it carry low credit risk.
Date	April, 2011

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Rohit Mistry
Designation :	Assistant in Finance Manager
Contact No.:	91-9870004370

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 1 :	“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
Corporate Office 2 :	Eureka Towers, C Wing, Mindspace, Malad (west), Mumbai, Maharashtra, India
Retail Stores :	Located At: · Mumbai · 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/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP 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	U55101MH1986PTC038538	CHALET HOTELS Private 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	U45202MH1984PTC033068	RAGHUKOOL ESTATE DEVELOPEMENT PRIVATE LIMITED	Director	29/08/1994	29/08/1994	-	Active	NO
14	U45200MH1985PTC036601	ANBEE CONSTRUCTIONS 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	15/12/2011	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	Strike off	NO
30	U74999MH2005PTC156244	PARADIGM LOGISTICS & DISTRIBUTION PRIVATE LIMITED	Director	20/12/2005	20/12/2005	-	Active	NO
31	U45200MH2005PTC157987	SYCAMORE PROPERTIES PRIVATE LIMITED	Director	12/01/2006	12/01/2006	10/08/2011	Active	NO
32	U45200MH2006PTC158775	STARGAZE PROPERTIES PRIVATE LIMITED	Director	12/01/2006	12/01/2006	11/08/2011	Active	NO
33	U70100MH2005PTC154307	CAVALCADE PROPERTIES PRIVATE LIMITED	Director	12/01/2006	12/01/2006	-	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	15/12/2011	Active	NO
39	U55101KL2006PTC020125	CHALET HOTELS & PROPERTIES (KERALA) PRIVATE LIMITED	Director	22/12/2006	22/12/2006	15/12/2011	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

Qualification :

M.B.A.

Date of Appointment :

23.05.2005

DIN No.:

00027595

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U52396MH1999PLC122528	CROSSWORD BOOKSTORES LIMITED	Director	30/04/2001	30/04/2001	04/04/2012	Active	NO
2	U74999MH2000PLC124945	SHOPPER'S STOP SERVICES (INDIA) 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	U51900MH1995PLC095115	UPASNA TRADING 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
12	U85191MH2011NPL222545	TRRAIN FOUNDATION	Director	29/09/2011	29/09/2011	-	Active	NO
13	L92140MH1999PLC120516	ENTERTAINMENT NETWORK (INDIA) LIMITED	Additional director	14/08/2012	14/08/2012	-	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/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U52323MH1991PTC063781	EUROWEAVE EXPORTS PRIVATE LIMITED	Director	30/10/1991	30/10/1991	-	Active	NO
2	U45202MH1982PTC027546	PALM SHELTER ESTATE DEVELOPMENT PRIVATE LIMITED	Director	02/02/1993	02/02/1993	-	Active	NO
3	U45200MH1973PTC017018	K.RAHEJA 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	U55101MH1986PTC038538	CHALET HOTELS Private 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	U70100MH1982PTC027542	BEACH HAVEN PROPERTIES PRIVATE LIMITED	Director	12/12/1996	12/12/1996	09/08/2011	Active	NO
9	U70100MH1982PTC026374	IVORY PROPERTIES AND HOTELS PRIVATE LIMITED	Director	12/12/1996	12/12/1996	-	Active	NO
10	U74140MH1997PTC108799	K. RAHEJA SERVICES PRIVATE LIMITED	Director	16/06/1997	16/06/1997	09/08/2011	Active	NO
11	L51900MH1997PLC108798	SHOPPERS STOP LIMITED	Director	16/06/1997	16/06/1997	-	Active	NO
12	U85110KA1990PTC010775	K REHEJA HOTELS AND ESTATES PRIVATE LIMITED	Director	26/12/1997	26/12/1997	-	Active	NO
13	U45202MH1984PTC033068	RAGHUKOOL ESTATE DEVELOPEMENT 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	U51900MH1994PTC082255	CAPSTAN TRADING PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
16	U51900MH1994PTC081337	CAPE TRADING 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	U70101MH2004PTC146227	NEWFOUND PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
26	U70101MH2004PTC146226	GRANDWELL PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	Active	NO
27	U70101MH2004PTC146231	UPTOWN PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	28/09/2011	Active	NO
28	U45200MH1999PTC117748	INORBIT MALLS (INDIA) PRIVATE LIMITED	Director	27/05/2004	27/05/2004	-	Active	NO
29	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) 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	Director	30/09/2011	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	25/07/2012	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	Strike off	NO
43	U45201MH2006PTC163086	CONVEX PROPERTIES PRIVATE LIMITED	Director	14/07/2006	14/07/2006	17/08/2011	Active	NO
44	U45201MH2006PTC163097	AQUALINE PROPERTIES PRIVATE LIMITED	Director	14/07/2006	14/07/2006	-	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	-	Strike off	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	17/07/2012	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	14/10/2011	Active	NO
55	U70109MH2007PTC168607	PROTECT PROPERTIES PRIVATE LIMITED	Director	10/03/2007	10/03/2007	10/08/2011	Active	NO
56	U70102MH2007PTC168611	ACCORD REAL ESTATE DEVELOPMENT PRIVATE LIMITED	Director	10/03/2007	10/03/2007	09/08/2011	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	13/08/2012	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	Additional director	01/11/2011	24/05/2007	-	Strike off	NO
64	U70100MH2005PTC151765	SHIVAN PROPERTIES AND TRADING PRIVATE LIMITED	Additional director	02/11/2011	17/08/2007	-	Strike off	NO
65	U67190MH2007PTC173763	LOMBARD STREET INVESTMENT ADVISORS PRIVATE LIMITED	Director	03/09/2007	03/09/2007	29/04/2008	Active	NO
66	U01407MH2007PTC175907	CRIMSON AGRO & DEVELOPMENT PRIVATE LIMITED	Director	15/11/2007	15/11/2007	09/08/2011	Strike off	NO
67	U01403MH2007PTC175906	BROOKFIELDS AGRO & DEVELOPMENT PRIVATE LIMITED	Director	15/11/2007	15/11/2007	26/04/2012	Active	NO
68	U70102MH2007PTC176115	AFFLUENCE REALTY AND LEASING PRIVATE LIMITED	Director	23/11/2007	23/11/2007	30/03/2009	Active	NO
69	U40104MH2007PTC176378	KRINFRA POWER COMPANY PRIVATE LIMITED	Director	03/12/2007	03/12/2007	09/08/2011	Strike off	NO
70	U63023MH2007PTC176377	OPULENCE WAREHOUSING AND LOGISTICS PRIVATE LIMITED	Director	03/12/2007	03/12/2007	14/12/2011	Active	NO
71	U63023MH2007PTC176854	ROBUST LOGISTICS AND WAREHOUSING PRIVATE LIMITED	Director	17/12/2007	17/12/2007	10/08/2011	Strike off	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
77	U70102MH2008PTC185248	MINDSPACE PROPERTIES PRIVATE LIMITED	Additional director	06/11/2011	06/11/2011	-	Strike off	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/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP 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	U45202MH1982PTC027546	PALM SHELTER ESTATE DEVELOPMENT PRIVATE LIMITED	Director	12/12/1996	12/12/1996	-	Active	NO
8	U55101MH1986PTC038538	CHALET HOTELS Private Limited	Director	14/03/2007	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	U45200MH1982PTC027587	CASA MARIA PROPERTIES 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	U45200MH1985PTC036601	ANBEE CONSTRUCTIONS 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	U70101MH2004PTC146227	NEWFOUND PROPERTIES AND LEASING PRIVATE LIMITED	Director	12/05/2004	12/05/2004	-	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	28/09/2011	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	Director	30/09/2011	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	Strike off	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	25/07/2012	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	-	Strike off	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	17/07/2012	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	14/10/2011	Active	NO
53	U70109MH2007PTC168607	PROTECT PROPERTIES PRIVATE LIMITED	Director	10/03/2007	10/03/2007	10/08/2011	Active	NO
54	U70102MH2007PTC168611	ACCORD REAL ESTATE DEVELOPMENT PRIVATE LIMITED	Director	10/03/2007	10/03/2007	09/08/2011	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	Additional director	01/11/2011	24/05/2007	-	Strike off	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	26/04/2012	Active	NO
63	U01407MH2007PTC175907	CRIMSON AGRO & DEVELOPMENT PRIVATE LIMITED	Director	15/11/2007	15/11/2007	09/08/2011	Strike off	NO
64	U70102MH2007PTC176115	AFFLUENCE REALTY AND LEASING PRIVATE LIMITED	Director	23/11/2007	23/11/2007	30/03/2009	Active	NO
65	U40104MH2007PTC176378	KRINFRA POWER COMPANY PRIVATE LIMITED	Director	03/12/2007	03/12/2007	09/08/2011	Strike off	NO
66	U63023MH2007PTC176377	OPULENCE WAREHOUSING AND LOGISTICS PRIVATE LIMITED	Director	03/12/2007	03/12/2007	14/12/2011	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
72	U70100MH2005PTC151765	SHIVAN PROPERTIES AND TRADING PRIVATE LIMITED	Additional director	02/11/2011	02/11/2011	-	Strike off	NO
73	U70102MH2008PTC185248	MINDSPACE PROPERTIES PRIVATE LIMITED	Additional director	06/11/2011	06/11/2011	-	Strike off	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/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72900MH2001PTC131264	ORACLE (OFSS) ASP PRIVATE LIMITED	Director	16/03/2001	16/03/2001	12/09/2008	Active	NO
2	U72309PN2000PTC015028	Sarvatra Technologies Private Limited	Additional director	12/10/2012	31/05/2001	-	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	KOKUYO CAMLIN LIMITED	Director	26/06/2009	28/07/2008	19/10/2011	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, 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/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51900MH1994PTC076717	SHALAKA TRADERS P.LTD.	Director	21/12/1995	21/12/1995	-	Active	NO
2	L51900MH1997PLC108798	Shoppers Stop Limited	Director	25/01/2003	25/01/2003	-	Active	NO
3	U52510MH2004PLC146577	HYPERCITY RETAIL (INDIA) LIMITED	Director	23/09/2010	04/08/2010	-	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 :

25.07.2011

DIN No.:

00029419

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51900MH1995PLC095115	UPASNA TRADING LIMITED	Director	30/10/2002	30/10/2002	-	Active	NO
2	U74999MH2000PLC124945	SHOPPER'S STOP SERVICES (INDIA) LIMITED	Director	30/10/2002	30/10/2002	-	Active	NO
3	U72900MH2000PLC124178	SHOPPERS' STOP.COM (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
6	U85191MH2011NPL222989	RETAILERS ASSOCIATION'S SKILL COUNCIL OF INDIA	Director	13/10/2011	13/10/2011	-	Active	NO
7	U52396MH1999PLC122528	CROSSWORD BOOKSTORES LIMITED	Director	30/07/2012	05/03/2012	-	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 in Finance Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 25.07.2011

Names of Shareholders	No. of Equity 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	No. of Preference 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	199990000
K Raheja Corp Private Limited	55437255
Support Properties Private Limited, India	66960000
Eternus Logistics Private Limited, India	66960000
Total	392137255

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 :	· Malaysia · China
Terms :
Selling :	L/C
Purchasing :	L/C

GENERAL INFORMATION

Customers :

Wholesaler and Others [Manufacturer]

· Sony

· Philips

· LG

· Samsung

· HP

· Nokia

· Sony Ericsson

· Raleigh

· Inalsa

· American Tourister

· Bajaj Appliances

· Kodak

No. of Employees :

1800 (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, Mumbai, Maharashtra, India

· Kotak Mahindra Bank, Nariman Point Branch, Mumbai, Maharashtra, India

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
Tel. No.:	91-22-66679000
Fax. No.:	91-22-66679100
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.4500.000 Millions

Issued, Subscribed & Paid-up Capital : Rs.4130.872 Millions

As on 30.07.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Millions
405000000	Preference Shares	Rs.10/- each	Rs.4050.000 Millions
	Total		Rs.4100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
950000	Equity Shares	Rs.10/- each	Rs.9.500 Millions
392137255	Preference Shares	Rs.10/- each	Rs.3921.373 Millions
	Total		Rs.3930.873 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 Capitalization		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	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	5993.800	3431.990	2485.964
Less	LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(285.866)	(79.009)	(391.966)
Less	INTEREST / FINANCIAL CHARGES		273.638	395.100	161.414
	LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION		(559.504)	(474.109)	(553.380)
Less/ Add	DEPRECIATION/ AMORTISATION		126.602	95.347	69.517
Less/ Add	EXCEPTIONAL ITEMS		0.000	18.507	238.642
	LOSS BEFORE TAX		(686.106)	(550.949)	(861.539)
Less	TAX		0.000	0.000	3.711
	LOSS AFTER TAX		(686.106)	(550.949)	(865.250)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(2067.770)	(1516.821)	(651.571)
	BALANCE CARRIED TO THE B/S		(2753.876)	(2067.770)	(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)

Particulars	31.03.2012
Sales Turnover [Approximately]	8500.000

Expected Sales (2012-13) : Rs.10000.000 Millions.

The above information has been parted by Mr. Rohit Mistry.

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

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
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	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

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.

SHARE CAPITAL

During the year, the Authorized Share Capital was increased from Rs. 2250.000 Millions to Rs. 2850.000 Millions divided into Rs. 50.000 Millions of equity share capital (previous year Rs. 50.000 Millions) and Rs. 2800.000 Millions of preference share capital (previous year Rs. 2200.000 Millions). The paid up share capital of the Company has increased from Rs. 2109.500 Millions to Rs. 2799.500 Millions divided into Rs. 9.500 Millions of Equity share capital (previous year Rs. 9.500 Millions) and Rs. 2790.000 Millions Preference share capital (previous year Rs. 2100.000 Millions). During the year, 25,70,00,000 7 % Cumulative Redeemable Preference Shares of Rs. 10 each was converted into 7% Compulsorily Convertible Preference Shares of Rs.10 each on the agreed terms and conditions.

FINANCE

During the year, The Company made part prepayment of terms loans of IDBI Bank Limited and Oriental Bank of Commerce Limited of Rs. 221.428 Millions and Rs. 400.000 Millions respectively, to bring down the cost of borrowings. Re-payment was made out of the long term funds infused by the members. The Company continues with various initiatives for bringing down the cost of borrowings which includes reduction in working capital, application of various financial instruments so as to meet short term and long term requirement and reduce interest cost. During the year, they have entered into financial borrowing arrangement with Yes Bank Limited; for working capital requirements. They have also got enhanced borrowing limits from Kotak Mahindra Bank Limited. They continue to enjoy credit facility from Indian Overseas Bank and IDBI Bank Limited.

BANKERS CHARGES REPORT AS PER REGISTRY

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: bharat.sanghavi@shoppersstop.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10348733
Type of charge	· Book debts · Movable property (not being pledge) · Floating charge · Movable Fixed assets and entire Current assets.
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 Email: shareholders@yesbank.in
Nature of instrument creating charge	Supplemental Deed of Hypothecation Dated October 17, 2012.
Date of instrument Creating the charge	17.10.2012
Amount secured by the charge	Rs. 500.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Term Loan - Base Rate + 155 bps (Base rate as on date is 10.50%, effective pricing as on date is 12.05% p.a.) Terms of Repayment 12 equal quarterly repayments post 2 year moratorium. Margin Nil Extent and Operation of the charge First pari passu charge on movable fixed assets and Second pari passu charge over entire current assets (present and future) of the borrower (as described in Supplemental Deed of Hypothecation dated October 17, 2012).
Short particulars of the property or asset(s) charged (including complete address and location of the property)	First pari passu charge on movable fixed assets and Second pari passu charge over entire current assets (present and future) of the borrower.
Particulars of the present modification	Vide Supplemental Deed of Hypothecation dated October 17, 2012 the registered Charge has been modified from First Pari Passu charge on movable fixed assets and entire credit card receivables (present and future) of the borrower to First Pari Passu charge on movable fixed assets and Second Pari Passu charge over entire Current Assets (present and future) of the borrower.

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.

FIXED ASSETS:

· Leasehold Improvement

· Plant and Machinery

· Office Equipments

· Furniture and Fixtures

· Computer Equipments

· Vehicles

· Electrical Installation

NEWS:

HYPERCITY RETAIL PARTNERS WITH ORACLE FOR INVENTORY MANAGEMENT TECH

19 APRIL 2012

Hypercity Retail India Limited, the hypermarket arm of Shoppers Stop Limited, has partnered with Oracle Retail Solutions to ramp up its in-store technology system for better management of inventory, store data, orders, promotions, payments, delivery and customer services.

This partnership will help the large-format retailer improve centralized inventory, financial processes and information governance across store locations, and reduce their integration costs. Oracle's point-of-service, central and back office applications will enable Hypercity to create a single platform for its hypermarket operations.

"This will help us offer a more personalized experience to our customers, and help us match their demands with our merchandise, daily promotions and other services," said Mark Ashman, chief executive officer of Hypercity. "It will also help us in optimizing our store operations and improving store-level functionality."

In a highly competitive retail environment, retaining customers is critical and most retail companies have been looking to make better use of advanced technology, in order to improve backend operations as well as point-of-sale services.

"Hypercity's approach to leveraging technology to build an experience platform that delivers a more holistic view of its stores, inventory and customer information will be the key to driving business performance and optimising the customer experience,” said Mike Webster, senior vice president and general manager, Oracle Retail.

HYPERCITY DEPLOYS ORACLE RETAIL TO OPTIMISE STORE OPERATIONS

19 APRIL 2012

HyperCity Retail India has implemented Oracle Retail solutions to integrate retail store operations and help deliver better insight into its 12-store hypermarket business to optimise sales, profitability, and customer service initiatives.

Commenting on the move, Mark Ashman, CEO, HyperCity Retail India, said: “Our investment in Oracle Retail solutions is enabling us not only to provide a more consistent customer experience in stores but also to optimise our performance by better matching consumer demand with merchandising and operational requirements. Ultimately, this will help HyperCity to continue to deliver that differentiated and superior shopping experience that we are committed to providing.”

According to the company officials, Oracle Retail's point-of-service, central, and back office will enable HyperCity to create a single, centralised platform for hypermarket operations to deliver a consolidated and accurate view of store data, customer information, compliance analysis, and item performance.

HyperCity has integrated Oracle Retail Stores applications with its existing Oracle E-Business Suite Financials, Oracle's PeopleSoft Human Capital Management, and Oracle Data Integrator to improve and leverage centralised inventory and financial processes and information governance across store locations, and reduce integration costs.

“HyperCity has distinguished itself as a leader in using the power of technology to provide an excellent experience to its customers with great product availability, attractive promotions and quick check outs. Hypercity is a valuable addition to our list of successful retailers worldwide using Oracle technology,” said Mukesh Mathur, Executive Director and Business Head, Oracle Retail India.

“In the highly competitive Indian retail environment, retaining customers is critical,” said Mike Webster, Senior Vice President and General Manager, Oracle Retail.

Webster further added: “HyperCity’s approach to leveraging technology to build an experience platform that delivers a more holistic view of its stores, inventory and customer information is key to driving business performance and optimising the customer experience.”

In addition, Oracle Retail solutions will integrate the existing Discovery Club customer loyalty programme and employee discount interfaces to allow HyperCity to coordinate activities, manage compliance, and provide a comprehensive view of the business.

WEB DETAILS:

Company Overview

Hypercity Retail (India) Limited. operates hypermarkets in India. Its stores offers meat, seafood, breads, cereals, spices, flour, pulses, dry fruits, tea, coffee, juices, jams, cakes and patisseries, flowers, fruits and vegetables, and gourmet meals; utensils, cutlery, bake ware, crockery, glassware, pots'n'pans, implements, bed linen, towels, cushions, table linen, pillows, duvets, and quilts; and clothing, footwear, sunglasses, watches, hair accessories, bags, and jewelry. The company’s stores also provide microwaves, cook-tops, and mixer-grinders; furniture and toys; and bicycles and sports gear for cricket, football, basketball, volleyball, boxing, and baseball. In addition, it offers gift vouchers for the corporate gifting; and car wash facilities. The company was founded in 2005 and is based in Mumbai, India. It has store locations in Mumbai, Jaipur, Hyderabad, Ludhiana, Benguluru, Ahmedabad, Pune, and Bhopal. As of June 30, 2010, Hypercity Retail (India) Limited. is a subsidiary of Shoppers Stop Limited.

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.54.60
UK Pound	1	Rs.87.31
Euro	1	Rs.69.86

INFORMATION DETAILS

Information Gathered by :	SBA
Report Prepared by :	MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--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		40

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.