MIRA INFORM REPORT

Report No. :	337080
Report Date :	17.08.2015

IDENTIFICATION DETAILS

Name :	EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED (w.e.f. 19.01.2013)
Formerly Known As :	EMBASSY PROPERTY DEVELOPMENTS LIMITED (w.e.f. 25.05.2010) EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED (w.e.f. 01.04.2010) DYNASTY DEVELOPERS PRIVATE LIMITED VIRWANI BUILDERS PRIVATE LIMITED
Registered Office :	I Floor, Embassy Point, #150 Infantry Road, Bangalore – 560 001, Karnataka
Tel. No.:	91-80-41799999
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	30.07.1996
Com. Reg. No.:	08-020897
Capital Investment / Paid-up Capital :	Rs.9749.790 million
CIN No.: [Company Identification No.]	U85110KA1996PTC020897
IEC No.:	0705009076
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACD6927A
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is a real estate developer of South India - engaged in development of commercial, residential, and retail spaces.
No. of Employees :	Information declined by the Management.

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 34487000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having a moderate track record. As per registrar of companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2014 but the documents related to financials are not available from any source. However, according to the FY 2013, the company has incurred loss from its operations. Further, the rating is constrained on account of company’s moderate financial risk profile marked by low reserves level and unfavorable gap between trade payables to its receivables. Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. In view of the aforesaid, the company can be considered for business dealings with some 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Non-Convertible Debentures: BBB-(SO)
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	June, 2015

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 31-03-2013.

INFORMATION DECLINED BY

Name :	Mr. Veerraju J
Designation :	Secretary
Contact No.:	91-80-41799999
Date :	14.08.2015

LOCATIONS

Registered Office :	I Floor, Embassy Point, #150 Infantry Road, Bangalore – 560 001, Karnataka, India
Tel. No.:	91-80-41799999/ 41799888/ 49030000
Fax No.:	91-80-22286912/ 41799955
E-Mail :	veerraju.j@embassyindia.com
Website :	http://embassyindia.com
Branch Office :	Located at: · Chennai · Pune · Bangalore

DIRECTORS

AS ON 29.12.2014

Name :

Mr. Jitendra Virwani Mohandas

Designation :

Managing Director

Address :

#341, Embassy Woods, 6A, Cunningham Road, Bangalore – 560 052, Karnataka, India

Date of Birth/Age :

18.02.1966

Date of Appointment :

01.04.2010

DIN No.:

00027674

PAN No.:

AAVPV0738P

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	U70109KA1988PTC069419	EMBASSY CONSTRUCTION PRIVATE LIMITED	Director	30/05/1988	30/05/1988	27/03/2015	Active	NO
2	U65993KA1994PTC015983	SWIRE HOLDINGS PRIVATE LIMITED	Director	26/07/1994	26/07/1994	27/03/2015	Active	NO
3	U85110KA1994PTC016008	DYNASTY HOLDINGS PRIVATE LIMITED	Director	02/08/1994	02/08/1994	27/03/2015	Active	NO
4	U85110KA1994PTC016009	OAKWOOD DEVELOPERS PRIVATE LIMITED	Director	02/08/1994	02/08/1994	27/03/2015	Active	NO
5	U85110KA1994PTC016010	DITRITA DEVELOPERS PRIVATE LIMITED	Director	02/08/1994	02/08/1994	27/03/2015	Active	NO
6	U85110KA1994PTC016331	EMBASSY FINVEST PRIVATE LIMITED	Director	29/09/1994	29/09/1994	-	Amalgamated	NO
7	U70101KA1994PTC016356	SAPHIRE REALTORS PRIVATE LIMITED	Director	06/10/1994	06/10/1994	27/03/2015	Active	NO
8	U85110KA1994PTC016072	OASIS HOME HOLDINGS PRIVATE LIMITED	Director	15/10/1994	15/10/1994	27/03/2015	Active	NO
9	U65993KA1994PTC016382	NAM INVESTMENTS PRIVATE LIMITED	Director	15/10/1994	15/10/1994	27/03/2015	Active	NO
10	U85110KA1994PTC016609	UMBEL PROPERTIES PRIVATE LIMITED	Director	10/12/1994	10/12/1994	-	Active	NO
11	U85110KA1995PTC016930	EMBASSY HOUSING FINANCE AND DEVELOPMENT PRIVATE LIMITED	Director	10/01/1995	10/01/1995	27/03/2015	Active	NO
12	U85110KA1994PTC016281	GOLF LINK-EMBASSY BUSINESS PARK MANAGEMENT SERVICES PRIVATE LIMITED	Director	01/04/2010	13/02/1995	-	Active	NO
13	U70101KL1995PTC008794	PET PROPERTIES AND CONSTRUCTIONS PRIVATE LIMITED	Director	21/03/1995	21/03/1995	07/02/2011	Active	NO
14	U85110KA1995PTC017562	NARPAT HOLDINGS PRIVATE LIMITED.	Director	07/04/1995	07/04/1995	-	Amalgamated	NO
15	U85110KA1995PTC017560	M.D.REALTORS PRIVATE LIMITED.	Director	16/04/1995	16/04/1995	27/03/2015	Active	NO
16	U85110KA1995PTC017630	EMBASSY SHELTERS PRIVATE LIMITED	Director	19/04/1995	19/04/1995	-	Active	NO
17	U67120KA1995PTC035122	MORE-FINANSHARE INVESTMENTS PRIVATE LIMITED	Director	15/05/1995	15/05/1995	27/03/2015	Active	NO
18	U74999KA1995PTC017883	GHODAWAT ENTERPRISES PRIVATE LIMITED	Director	10/06/1995	10/06/1995	10/07/2012	Active	NO
19	U85110KA1995PTC018227	EMBASSY HOME INVESTMENTS PRIVATE LIMITED	Director	05/07/1995	05/07/1995	-	Amalgamated	NO
20	U85110KA1995PTC018519	SOLOMONDAVID HOLDINGS PRIVATE LIMITED	Director	18/08/1995	18/08/1995	18/01/2013	Active	NO
21	U85110KA1995PTC018594	D M ESTATES PRIVATE LIMITED	Director	21/08/1995	21/08/1995	27/03/2015	Active	NO
22	U85110KA1995PTC018887	EMBASSY SERVICES PRIVATE LIMITED	Director	28/09/1995	28/09/1995	23/09/2008	Active	NO
23	U85110KA1995PTC017949	SWIRE INVESTMENTS PRIVATE LIMITED	Director	21/10/1995	21/10/1995	-	Active	NO
24	U85110KA1995PTC019123	MAGRATH PROPERTIES PRIVATE LIMITED	Director	08/11/1995	08/11/1995	01/01/2011	Active	NO
25	U85110KA1995PTC018068	RAFFLES SQUARE DEVELOPMENT CORPORATION PRIVATE LIMITED	Director	06/01/1996	06/01/1996	27/03/2015	Active	NO
26	U85110KA1985PTC007260	EMBASSY LEASING PRIVATE LIMITED	Director	04/03/1996	04/03/1996	-	Amalgamated	NO
27	U00500KA1996PTC020896	EMBASSY CONSTRUCTIONS AND DEVELOPMENTS PRIVATE LIMITED	Director	30/07/1996	30/07/1996	27/03/2015	Active	NO
28	U85110KA1996PTC020897	EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED	Managing director	01/04/2010	31/07/1996	-	Active	NO
29	U99999KA1995PTC018637	INFANTRY HOLDINGS PRIVATE LIMITED	Director	31/07/1996	31/07/1996	27/03/2015	Active	NO
30	U85110KA1995PTC018639	LYRUS FITNESS PRIVATE LIMITED	Director	14/10/1996	14/10/1996	25/03/2009	Active	NO
31	U70200KA1997PTC022353	EMBASSY PROJECTS PRIVATE LIMITED	Director	09/06/1997	09/06/1997	27/03/2015	Active	NO
32	U70200KA1997PTC022349	COSMOS CONSTRUCTION CONSULTANTS PRIVATE LIMITED	Director	09/06/1997	09/06/1997	20/12/2006	Under Process of Striking off	NO
33	U67120KA1996PTC020378	MAOJ INVESTMENTS PRIVATE LIMITED	Director	20/09/1997	20/09/1997	06/04/2009	Active	NO
34	U70101KA1999PTC024690	EMBASSY MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	29/01/1999	29/01/1999	-	Amalgamated	NO
35	U45201KA1995PTC018222	D.S. AND M.S SHELTER PRIVATE LIMITED	Director	10/02/1999	10/02/1999	23/02/2006	Strike off	NO
36	U85110KA1995PTC017950	NAM ESTATES PRIVATE LIMITED	Director	20/02/1999	20/02/1999	-	Active	NO
37	U85110KA1995PTC018596	DSRK HOLDINGS PRIVATE LIMITED	Director	20/01/2000	20/01/2000	-	Active	NO
38	U45201KA2001PTC029834	DYNASTY PROPERTIES PRIVATE LIMITED	Director	03/12/2001	03/12/2001	27/03/2015	Active	NO
39	U45309KA2000PTC028147	GOLFLINKS SOFTWARE PARK PRIVATE LIMITED	Director	02/07/2002	02/07/2002	-	Active	NO
40	U63090KA2002PTC031031	KINGSWAY TRAVEL AGENCIES PRIVATE LIMITED	Director	23/09/2002	23/09/2002	30/03/2015	Active	NO
41	U45201KA1995PTC017952	UDHYAMAN INVESTMENTS PRIVATE LIMITED	Director	30/09/2002	30/09/2002	07/02/2011	Active	NO
42	U70200KA2002PTC030485	BOOK AND MARKS HOSPITALITY PRIVATE LIMITED	Director	20/08/2003	20/08/2003	25/03/2015	Active	NO
43	U70200KA2003PTC032900	QUADRANT REALTORS PRIVATE LIMITED	Director	21/11/2003	21/11/2003	12/08/2011	Active	NO
44	U51102KA2004PTC034295	WILDFLOWER ESTATE AND RESORTS PRIVATE LIMITED	Director	08/07/2004	08/07/2004	-	Active	NO
45	U51101KA1973PTC002298	CONCORD INDIA PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
46	U70102KA2000PTC027477	MANYATA PROMOTERS PRIVATE LIMITED	Director	30/09/2005	30/11/2004	-	Active	NO
47	U55102KA1971PTC002075	GURUPRASAD HOTELS PRIVATE LIMITED	Director	16/06/2005	16/06/2005	01/04/2010	Active	NO
48	U04520GJ2005PTC073518	UDHAY-JVG REALTY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	14/08/2009	Amalgamated	NO
49	U04520GJ2005PTC072046	UDHAY-VJ REALTY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	14/08/2009	Active	NO
50	U74140KA2005PTC037141	SNAP OFFICES PRIVATE LIMITED	Whole-time director	06/10/2014	21/12/2005	-	Active	NO
51	U70102KA2006PTC038332	SALTIRE DEVELOPERS PRIVATE LIMITED	Director	30/01/2006	30/01/2006	27/03/2015	Active	NO
52	U70101KA2006PTC038505	ALL SQUARE REALTORS INDIA PRIVATE LIMITED	Director	16/02/2006	16/02/2006	12/08/2011	Active	NO
53	U72900KA2006PTC039003	BABBLER MARKETING PRIVATE LIMITED	Director	17/04/2006	17/04/2006	21/03/2013	Active	NO
54	U45202TN2006PTC060010	DSRK HOLDINGS (CHENNAI) PRIVATE LIMITED	Director	29/05/2006	29/05/2006	27/03/2015	Active	NO
55	U07010KA2004PTC033309	SAPPHIRE INFRASTRUCTURE DEVELOPMENT PRIVATE LIMITED	Director	10/06/2006	10/06/2006	16/01/2013	Active	NO
56	U70102KA2007PTC041347	PUNE-EMBASSY PROJECTS PRIVATE LIMTIED	Director	02/01/2007	02/01/2007	-	Active	NO
57	U70101KA2007PTC041383	PUNE-DYNASTY PROJECTS PRIVATE LIMTIED	Director	04/01/2007	04/01/2007	-	Active	NO
58	U45201KA2007PTC041384	G.V PROPERTIES PRIVATE LIMITED	Director	18/01/2007	18/01/2007	27/03/2015	Active	NO
59	U85110KA1994PTC016011	EMBASSY REALTORS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Amalgamated	NO
60	U45200KA2007PTC041922	MANYATA RESIDENTIAL PROMOTERS PRIVATE LIMITED	Director	28/02/2007	28/02/2007	-	Active	NO
61	U45201KA2007PTC041931	MANYATA PROJECTS PRIVATE LIMITED	Director	28/02/2007	28/02/2007	-	Active	NO
62	U80103KA2007PTC042502	EMBASSY KNOWLEDGE INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
63	U14102TZ2005PTC011537	SPAN VENTURES PRIVATE LIMITED	Director	11/07/2007	11/07/2007	27/03/2015	Active	NO
64	U10109KA2007PTC043879	ZEUS COMMODITIES PRIVATE LIMITED	Director	14/09/2007	14/09/2007	25/03/2015	Active	NO
65	U70102KA2006PTC041222	BLUE LAGOON REAL ESTATE PRIVATE LIMITED	Director	01/01/2008	01/01/2008	27/03/2015	Active	NO
66	U70102KA2007PTC041412	NEPTUNE REAL ESTATE PRIVATE LIMITED	Director	01/01/2008	01/01/2008	27/03/2015	Active	NO
67	U65993KA2008PTC045095	JV HOLDING PRIVATE LIMITED	Director	29/01/2008	29/01/2008	-	Active	NO
68	U45200KA2008PTC045124	SWIRE TECH-PARK PROJECTS PRIVATE LIMITED	Director	31/01/2008	31/01/2008	-	Active	NO
69	U70200KA2005PTC036353	MANYATA INFRASTRUCTURE DEVELOPMENTS PRIVATE LIMITED	Director	14/02/2008	14/02/2008	29/10/2014	Active	NO
70	U80900KA2008NPL046155	STONEHILL EDUCATION FOUNDATION	Director	22/04/2008	22/04/2008	27/03/2015	Active	NO
71	U70101TN2007PTC064100	RGE CONSTRUCTIONS AND DEVELOPMENT PRIVATE LIMITED	Director	29/09/2008	25/06/2008	04/03/2015	Active	NO
72	U70200KA2008PTC047748	STARWOOD PROPERTIES PRIVATE LIMITED	Director	10/09/2008	10/09/2008	27/03/2015	Active	NO
73	U70200KA2008PTC047769	LJ-VICTORIA PROPERTIES PRIVATE LIMITED	Director	12/09/2008	12/09/2008	27/03/2015	Active	NO
74	U70102KA2008PTC047884	MANYATA BUILDERS PRIVATE LIMITED	Director	29/09/2008	29/09/2008	-	Active	NO
75	U45200KA2008PTC047898	POLYWOOD PROPERTIES PRIVATE LIMITED	Director	29/09/2008	29/09/2008	27/03/2015	Active	NO
76	U60231KA2009PTC050991	EMBASSY INDUSTRIAL PARKS PRIVATE LIMITED	Director	29/09/2012	22/09/2009	-	Active	NO
77	U45200KA2009PTC051005	GOLFLINKS PROPERTIES PRIVATE LIMITED	Director	01/04/2013	23/09/2009	27/03/2015	Active	NO
78	U70200KA2008PTC047822	TRAFALGAR ESTATE & PROPERTIES PRIVATE LIMITED	Director	23/09/2010	15/10/2009	-	Active	NO
79	L74910TN1947PLC000343	COROMANDEL ENGINEERING COMPANY LIMITED	Director	29/07/2010	25/01/2010	25/07/2011	Active	NO
80	U45205KA2010PTC054663	MK EMBASSY LAND DEVELOPERS PRIVATE LIMITED	Director	04/08/2010	04/08/2010	27/03/2015	Active	NO
81	U70200KA2011PTC057054	SUMMIT DEVELOPMENTS PRIVATE LIMITED	Director	11/02/2011	11/02/2011	-	Active	NO
82	U52603KA2011PTC058515	BARBET RETAIL PRIVATE LIMITED	Director	06/05/2011	06/05/2011	-	Active	NO
83	U92412KA2012PTC062463	EMBASSY LEISURE AND ENTERTAINMENT PROJECTS PRIVATE LIMITED	Director	08/02/2012	08/02/2012	27/03/2015	Active	NO
84	U52399KA2011PTC056629	INTREPID ONLINE RETAIL PRIVATE LIMITED	Director	24/10/2012	24/10/2012	28/10/2012	Active	NO
85	U45201KA2007PTC042777	EMBASSY OFFICE VENTURES PRIVATE LIMITED	Director	07/03/2013	07/03/2013	30/01/2014	Active	NO
86	U70100KA2012PTC065183	EMBASSY OFFICE PARKS PRIVATE LIMITED	Director	27/09/2013	31/07/2013	-	Active	NO
87	AAB-2104	EMBASSY MOTION PICTURES LLP	Designated Partner	09/11/2012	09/11/2012	-	Active	NO
88	AAA-6852	OMR INVESTMENTS LLP	Designated Partner	31/03/2013	31/03/2013	-	Active	NO
89	AAC-1121	JVNSR REALTY SERVICES LLP	Designated Partner	24/02/2014	24/02/2014	-	Active	NO
90	AAD-1666	SALTIRE ESTATE AND RESORTS LLP	Designated Partner	08/01/2015	08/01/2015	-	Active	NO

Name :

Mr. Vaidyanathan Panchapagesan

Designation :

Director

Address :

7AB, Kences Enclave, Block III, No.1 Ramakrishna Street, T. Nagar, Chennai – 600 017, Tamilnadu, India

Date of Birth/Age :

29.10.1947

Date of Appointment :

02.06.2010

DIN No.:

00029503

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	U65993TN1987PLC014964	INTEGRATED ENTERPRISES (INDIA) LIMITED	Director	12/10/1987	12/10/1987	27/04/2009	Active	NO
2	U67190MH1995PTC093356	FRANKLIN TEMPLETON ASSET MANAGEMENT (INDIA) PRIVATE LIMITED	Director	21/12/1995	21/12/1995	21/03/2009	Active	NO
3	L15499TN1986PLC012747	HATSUN AGRO PRODUCT LIMITED	Director	29/03/1999	29/03/1999	-	Active	NO
4	U22219TN1993PLC025407	ECONOMIST COMMUNICATIONS LIMITED	Director	21/12/1999	21/12/1999	-	Active	NO
5	U72900TN2000PTC044301	EQUINOX CORPORATE CLUBS (INDIA) PRIVATE LIMITED	Director	30/01/2002	30/01/2002	15/09/2008	Active	NO
6	U65993TN1993PLC025029	FRANKLIN TEMPLETON AMC LIMITED	Director	26/07/2002	26/07/2002	-	Dissolved	NO
7	L65110TN1904PLC001287	CITY UNION BANK LIMITED	Whole-time director	27/04/2009	29/10/2003	26/04/2011	Active	NO
8	U67120TN2005PLC058080	INTEGRATED SECURITIES LIMITED	Director	22/11/2005	22/11/2005	09/03/2009	Amalgamated	NO
9	U65100TN2007PLC064069	EQUITAS HOLDINGS LIMITED	Director	30/06/2008	22/06/2007	29/12/2008	Active	NO
10	U25191TN1985PTC012078	SUJA SHOEI INDUSTRIES PRIVATE LIMITED	Director	15/07/2009	09/10/2008	-	Active	NO
11	U85110KA1996PTC020897	EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED	Director	02/06/2010	02/06/2010	-	Active	NO
12	U55101TN1999PLC042205	SABARI INN LIMITED	Director	03/09/2010	03/09/2010	18/10/2011	Active	NO
13	U66010MH2009PLC197336	EDELWEISS TOKIO LIFE INSURANCE COMPANY LIMITED	Director	18/07/2014	01/11/2011	-	Active	NO
14	U67100TN2011PTC083579	ANGEL EQUITY MANAGEMENT PRIVATE LIMITED	Director	14/12/2011	14/12/2011	-	Active	NO

Name :

Mr. Chandra Das Sitaram

Designation :

Director

Address :

No.28, Casia Drive, Singapore 289721

Date of Birth/Age :

19.10.1939

Date of Appointment :

02.06.2010

DIN No.:

00304798

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	U63023TN1995PLC032121	SICAL DISTRIPARKS LIMITED	Director	12/08/1995	12/08/1995	05/05/2010	Amalgamated	NO
2	U65922TN1995PLC031681	NATIONAL TRUST HOUSING FINANCE LIMITED	Director	16/12/1996	16/12/1996	13/10/2011	Active	NO
3	U74999TN1971PTC005996	ISS SDB SECURITY SERVICES PRIVATE LIMITED	Director	30/03/1998	30/03/1998	21/07/2007	Active	NO
4	U74999TN1998PLC040682	PSA SICAL TERMINALS LIMITED	Director	22/08/1998	22/08/1998	31/03/2009	Active	NO
5	L51909TN1955PLC002431	SICAL LOGISTICS LIMITED.	Director	10/07/1999	10/07/1999	24/04/2007	Active	NO
6	U60231DL2007PTC168722	GOODPACK INDIA PRIVATE LIMITED	Director	26/08/2008	18/04/2008	08/11/2011	Active	NO
7	U85110KA1996PTC020897	EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED	Director	02/06/2010	02/06/2010	-	Active	NO

Name :

Mr. Narpat Singh Choraria

Designation :

Whole-time Director

Address :

Flat No.603, Embassy Orchid, 6^th Floor, No.57/38, 8^th Main Road, RMV Extension, Sadashivanagar, Bangalore – 560 080, Karnataka, India

Date of Birth/Age :

04.09.1953

Date of Appointment :

01.04.2010

DIN No.:

00027580

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	U85110KA1995PTC017560	M.D.REALTORS PRIVATE LIMITED.	Director	06/04/1995	06/04/1995	27/03/2015	Active	NO
2	U85110KA1985PTC007260	EMBASSY LEASING PRIVATE LIMITED	Director	04/03/1996	04/03/1996	-	Amalgamated	NO
3	U65993KA1994PTC015983	SWIRE HOLDINGS PRIVATE LIMITED	Director	13/09/1996	13/09/1996	27/03/2015	Active	NO
4	U85110KA1994PTC016331	EMBASSY FINVEST PRIVATE LIMITED	Director	20/01/2001	20/01/2001	-	Amalgamated	NO
5	U85110KA1995PTC016930	EMBASSY HOUSING FINANCE AND DEVELOPMENT PRIVATE LIMITED	Director	20/01/2001	20/01/2001	-	Active	NO
6	U85110KA1995PTC017562	NARPAT HOLDINGS PRIVATE LIMITED.	Director	20/01/2001	20/01/2001	-	Amalgamated	NO
7	U70101KA1994PTC016356	SAPHIRE REALTORS PRIVATE LIMITED	Director	07/03/2013	20/01/2001	-	Active	NO
8	U85110KA1996PTC020897	EMBASSY PROPERTY DEVELOPMENTS PRIVATE LIMITED	Whole-time director	01/04/2010	20/01/2001	-	Active	NO
9	U85110KA1995PTC018887	EMBASSY SERVICES PRIVATE LIMITED	Director	20/01/2001	20/01/2001	23/09/2008	Active	NO
10	U85110KA1995PTC018639	LYRUS FITNESS PRIVATE LIMITED	Director	30/06/2001	30/06/2001	25/03/2009	Active	NO
11	U85110KA1995PTC019123	MAGRATH PROPERTIES PRIVATE LIMITED	Director	30/06/2001	30/06/2001	22/02/2010	Active	NO
12	U45201KA2001PTC029834	DYNASTY PROPERTIES PRIVATE LIMITED	Director	22/01/2002	22/01/2002	27/03/2015	Active	NO
13	U00500KA1996PTC020896	EMBASSY CONSTRUCTIONS AND DEVELOPMENTS PRIVATE LIMITED	Director	05/03/2002	05/03/2002	27/03/2015	Active	NO
14	U45201KA1995PTC017952	UDHYAMAN INVESTMENTS PRIVATE LIMITED	Director	30/09/2002	30/09/2002	07/02/2011	Active	NO
15	U51101KA1973PTC002298	CONCORD INDIA PRIVATE LIMITED	Director	30/09/2004	30/09/2004	-	Active	NO
16	U55102KA1971PTC002075	GURUPRASAD HOTELS PRIVATE LIMITED	Director	16/06/2005	16/06/2005	01/04/2010	Active	NO
17	U85110KA1995PTC018519	SOLOMONDAVID HOLDINGS PRIVATE LIMITED	Director	23/09/2005	23/09/2005	18/01/2013	Active	NO
18	U85110KA1994PTC016010	DITRITA DEVELOPERS PRIVATE LIMITED	Director	28/09/2006	01/08/2006	-	Active	NO
19	U70102KA2007PTC041347	PUNE-EMBASSY PROJECTS PRIVATE LIMTIED	Additional director	15/12/2011	02/01/2007	12/10/2012	Active	NO
20	U70101KA2007PTC041383	PUNE-DYNASTY PROJECTS PRIVATE LIMTIED	Director	04/01/2007	04/01/2007	30/01/2008	Active	NO
21	U80103KA2007PTC042502	EMBASSY KNOWLEDGE INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
22	U45201KA2007PTC042777	EMBASSY OFFICE VENTURES PRIVATE LIMITED	Director	11/05/2007	11/05/2007	07/03/2013	Active	NO
23	U70102KA2006PTC038332	SALTIRE DEVELOPERS PRIVATE LIMITED	Director	11/02/2013	30/07/2007	-	Active	NO
24	U65993KA2008PTC045095	JV HOLDING PRIVATE LIMITED	Director	29/01/2008	29/01/2008	-	Active	NO
25	U80900KA2008NPL046155	STONEHILL EDUCATION FOUNDATION	Director	22/04/2008	22/04/2008	-	Active	NO
26	U70200KA2008PTC047748	STARWOOD PROPERTIES PRIVATE LIMITED	Director	10/09/2008	10/09/2008	-	Active	NO
27	U45200KA2008PTC047898	POLYWOOD PROPERTIES PRIVATE LIMITED	Director	29/09/2008	29/09/2008	-	Active	NO
28	U60231KA2009PTC050991	EMBASSY INDUSTRIAL PARKS PRIVATE LIMITED	Director	22/09/2009	22/09/2009	02/06/2011	Active	NO
29	U45200KA2009PTC051005	GOLFLINKS PROPERTIES PRIVATE LIMITED	Director	01/04/2013	23/09/2009	-	Active	NO
30	U70200KA2008PTC047822	TRAFALGAR ESTATE & PROPERTIES PRIVATE LIMITED	Director	23/09/2010	15/10/2009	-	Active	NO
31	U92100KA2010PTC052476	THREE IDIOTS ENTERTAINMENTS PRIVATE LIMITED	Director	11/02/2010	11/02/2010	28/10/2013	Active	NO
32	U70200KA2008PTC047769	LJ-VICTORIA PROPERTIES PRIVATE LIMITED	Director	23/09/2010	10/05/2010	-	Active	NO
33	U85110KA1994PTC016609	UMBEL PROPERTIES PRIVATE LIMITED	Director	28/09/2010	28/09/2010	-	Active	NO
34	U92412KA2012PTC062463	EMBASSY LEISURE AND ENTERTAINMENT PROJECTS PRIVATE LIMITED	Director	08/02/2012	08/02/2012	-	Active	NO
35	U45201KA2007PTC041384	G.V PROPERTIES PRIVATE LIMITED	Director	29/09/2012	23/04/2012	-	Active	NO
36	U85110KA1994PTC016008	DYNASTY HOLDINGS PRIVATE LIMITED	Director	29/09/2012	23/04/2012	-	Active	NO
37	U85110KA1995PTC017630	EMBASSY SHELTERS PRIVATE LIMITED	Director	29/09/2012	23/04/2012	-	Active	NO
38	U99999KA1995PTC018637	INFANTRY HOLDINGS PRIVATE LIMITED	Director	29/09/2012	23/04/2012	27/03/2015	Active	NO
39	U67120KA1995PTC035122	MORE-FINANSHARE INVESTMENTS PRIVATE LIMITED	Director	29/09/2012	23/04/2012	27/03/2015	Active	NO
40	U85110KA1995PTC018068	RAFFLES SQUARE DEVELOPMENT CORPORATION PRIVATE LIMITED	Director	29/09/2012	23/04/2012	27/03/2015	Active	NO
41	U85110KA1995PTC018594	D M ESTATES PRIVATE LIMITED	Director appointed in casual vacancy	10/01/2013	10/01/2013	-	Active	NO
42	AAA-3526	PALEDIUM SECURITY SERVICES LLP	Body corporate as Designated Partner	24/01/2011	24/01/2011	-	Active	NO
43	AAA-6852	OMR INVESTMENTS LLP	Designated Partner	31/03/2013	31/03/2013	-	Active	NO
44	AAC-1121	JVNSR REALTY SERVICES LLP	Designated Partner	24/02/2014	24/02/2014	-	Active	NO
45	AAD-1666	SALTIRE ESTATE AND RESORTS LLP	Body corporate as Designated Partner	08/01/2015	08/01/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Veerraju J
Designation :	Secretary
Address :	Flat No.G-1, Taskar Park, Taskar Street, Park Street, Bangalore – 560 052, Karnataka, India
Date of Birth/Age :	05.06.1972
Date of Appointment :	28.04.2010
PAN No.:	AESPJ5820K
Name :	Mr. Gopinath Ambadithody
Designation :	Chief Executive Officer
Address :	No:307, I Cross, 6^th Block, Bel Layout, Vidyaranyapura, Bangalore – 560 013, Karnataka, India
Date of Appointment :	28/07/2014
PAN No.:	AAQPA5135N
Name :	S. Vasudevan
Designation :	President- Logistics
Name :	Ramakrishnan P.R.
Designation :	President- Finance

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 29.12.2014

Names of Shareholders	No. of Shares
Jitendra Virwani	3810381
JV Holding Private Limited, India	896167095
Jitendra Virwani jointly with Narpat Singh Choraria	381
Jitendra Virwani jointly with P.R. Ramakrishnan	381
Jitendra Virwani jointly with Rajesh Bajaj	381
Jitendra Virwani jointly with A.T. Gopinath	381
J.V. Family Trust, India	75000000
Total	974979000

AS ON 29.12.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	91.92
Directors or relatives of directors	0.39
Other top fifty shareholders	7.69
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is a real estate developer of South India - engaged in development of commercial, residential, and retail spaces.
Products/ Services :	Real Estate Developer
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Not Divulged
Purchasing :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

No. of Employees :

Information declined by the Management.

Bankers :

Banker Name	HDFC Bank Limited
Branch Address	HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loans	31.03.2013 (Rs. in Million)	31.03.2012 (Rs. in Million)
LONG-TERM BORROWINGS
Rupee term loans from banks	413.245	717.866
Rupee term loans from others (from financial institutions)	1211.792	0.000
Loans taken for vehicles	1.918	0.000
SHORT-TERM BORROWINGS
Non-convertible debentures intercorporate	0.000	1350.000
Rupee term loans from banks	1079.528	999.999
Rupee term loans from others	5225.414	1250.000
Deposits from others	0.000	200.000
Total	7931.897	4517.865

Financial Institutions :	JM Financial Credit Solutions Limited, 7^th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025, Maharashtra, India IL & FS Trust Company Limited, IL & FS Financial Centre, Plot No.C22, G Block Bandra, Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra , India Housing Development Finance Corporation Limited, Ramon House 169 Backbay Reclamation, H T Parekh Marg, Mumbai – 400 020, Maharashtra, India L&T Infrastructure Finance Company Limited, Mount Poonamallee Road, Manapakkam, Chennai – 600 089, Tamilnadu, India
Auditors :
Name :	BSR and Company Chartered Accountants
Address :	Maruthi Info-Tech Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore, Karnataka, India
Income-tax PAN of auditor or auditor's firm :	AAAFB9852F
Memberships :	Not Available
Collaborators :	Not Available
Holding Company (As on 31.03.2013) :	J V Holding Private Limited
Subsidiary Companies (As on 31.03.2013) :	Dynasty Business Parks SDN BHD Concord India Private Limited Pune Dynasty Projects Private Limited Pune Embassy Projects Private Limited Blue Lagoon Real Estate Private Limited Neptune Real Estate Private Limited Embassy Projects Private Limited Nam Estates Private Limited Summit Developments Private Limited Embassy Office Parks Private Limited
Individuals, Associates and Companies under common control (As on 31.03.2013) :	Morefinanshare Investments Private Limited DSRK Holdings Private Limited (merged with Manyata Promoters Private Limited w.e.f. 31 March 2009) Embassy Construction and Development Private Limited Babbler Marketing Private Limited Saltire Developers Private Limited Swire Investments Private Limited Ditrita Developers Private Limited Oakwood Developers Private Limited Nam Investments Private Limited Umbel Properties Private Limited Embassy Real Estate Properties and Holdings Private Limited Dynasty Properties Private Limited Embassy Knowledge Infrastructure Projects Private Limited D M Estates Private Limited Dynasty Holdings Private Limited Span Ventures Private Limited Infantry Holdings Private Limited Embassy Housing Finance and Development Private Limited Oasis Home Holdings Private Limited Embassy Shelters Private Limited Vijaygi Investments Private Limited R G Lakeside Properties Private Limited M D Realtors Private Limited Golf Links Software Park Private Limited Golf Link Embassy Business Park Management Services Private Limited DSRK Holdings (Chennai) Private Limited Manyata Promoters Private Limited Manyata Projects Private Limited G V Properties Private Limited RGE Constructions and Developments Private Limited Embassy Services Private Limited Swire Holdings Private Limited Raffle Square Development Corporation Private Limited Pet Properties and Constructions Private Limited Wild Flowers Estate and Resorts Private Limited Embassy Holdings Swire Properties Private Limited Trafalgar Estate and Properties Private Limited L J Victoria Properties Private Limited Starwood Properties Private Limited Infantry Holdings Private Limited Embassy Brindavan Developers Embassy Development Corporation Polywood Properties Private Limited Swire Tech Park Projects Private Limited Synergy Property Development Services Private Limited Udhyaman Investments Private Limited Stonehill Education Foundation Solomon David Holdings Private Limited Cosmos Construction Consultants Private Limited DNR Estates Private Limited Embassy Maini Logistics Bangalore Private Limited Stylus Commercial Services Private Limited GolfLinks Properties Private Limited Anko Construction Private Limited M K Embassy Land Developers Private Limited
Partnership firm in which the Company is a partner (As on 31.03.2013) :	Swire Properties Magrath Property Developers Embassy ANL Consortium Grove Ventures
Partnership firm in which the director is a partner As on 31.03.2013) :	Global Façade Solutions

CAPITAL STRUCTURE

AS ON 29.12.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1300000000	Equity Shares	Rs.10/- each	Rs.13000.000 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
974979000	Equity Shares	Rs.10/- each	Rs.9749.790 million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I.              EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital	9749.790	9749.790	9749.790
(b) Reserves & Surplus	2320.711	3702.105	4080.533
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	12070.501	13451.895	13830.323
(3) Non-Current Liabilities
(a) Long-term borrowings	3726.856	2561.021	1784.109
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	97.571	2943.903	351.980
(d) Long-term provisions	7.025	2.970	6.360
Total Non-current Liabilities (3)	3831.452	5507.894	2142.449
(4) Current Liabilities
(a) Short term borrowings	7549.988	5735.180	5097.028
(b) Trade payables	2460.849	2277.815	776.275
(c) Other current liabilities	7624.460	5308.337	5647.113
(d) Short-term provisions	49.418	53.393	39.118
Total Current Liabilities (4)	17684.715	13374.725	11559.534
TOTAL	33586.668	32334.514	27532.306
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1149.769	1585.766	1412.920
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	371.081	343.679	263.438
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	8999.321	14671.432	15166.474
(c) Deferred tax assets (net)	0.000	0.000	28.459
(d) Long-term Loan and Advances	6205.896	4212.409	3100.028
(e) Other Non-current assets	804.916	688.031	628.842
Total Non-Current Assets	17530.983	21501.317	20600.161
(2) Current assets
(a) Current investments	73.424	21.028	26.829
(b) Inventories	12065.074	7293.910	3316.139
(c) Trade receivables	157.271	132.355	86.317
(d) Cash and cash equivalents	658.830	729.242	918.916
(e) Short-term loans and advances	2348.503	2339.343	1707.450
(f) Other current assets	752.583	317.319	876.494
Total Current Assets	16055.685	10833.197	6932.145
TOTAL	33586.668	32334.514	27532.306

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income from operations	1138.982	1686.710	2097.650
		Profit on sale of Investments	300.264	6.214
		Other Income	194.145	146.833	119.203
		TOTAL	1633.391	1839.757	2216.853
Less	EXPENSES
		Consumption materials changes inventories	3010.796	2189.726	687.428
		Administrative selling other expenses			502.839
		TOTAL	3010.796 (Including Financial and Depreciation)	2189.726 (Including Financial and Depreciation)	1190.267
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION				1026.586
Less	FINANCIAL EXPENSES				901.598
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION				124.988
Less/ Add	DEPRECIATION/ AMORTISATION				33.075
	PROFIT/ (LOSS) BEFORE TAX		(1377.405)	(349.969)	91.913
Less	TAX		3.989	28.459	78.265
	PROFIT/ (LOSS) AFTER TAX		(1381.394)	(378.428)	13.648
	Earnings/ (Loss) Per Share (Rs.)		(1.42)	(0.39)	0.01

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2013	31.03.2012	31.03.2011
Current maturities of long-term debt	61.490	2111.018	2341.336
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	(4414.530)	(1455.999)	(1257.335)
Net cash flows from (used in) operating activities	(4634.271)	(1558.196)	(1356.620)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT / Sales)	(%)	(95.98)	(22.35)	0.65
Operating Profit Margin (PBIDT/Sales)	(%)	NA	NA	48.94
Return on Total Assets (PBT/Total Assets}	(%)	(5.69)	(2.02)	0.76
Return on Investment (ROI) (PBT/Networth)		(0.11)	(0.03)	0.01
Debt Equity Ratio (Total Debt /Networth)		0.94	0.77	0.67
Current Ratio (Current Asset/Current Liability)		0.91	0.81	0.60

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	9749.790	9749.790	9749.790
Reserves & Surplus	4080.533	3702.105	2320.711
Share Application money pending allotment	0.000	0.000	0.000
Net worth	13830.323	13451.895	12070.501
Long-term borrowings	1784.109	2561.021	3726.856
Short term borrowings	5097.028	5735.180	7549.988
Current Maturities of Long term debt	2341.336	2111.018	61.490
Total borrowings	9222.473	10407.219	11338.334
Debt/Equity ratio	0.667	0.774	0.939

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Income	2097.650	1692.924	1439.246
		(19.294)	(14.985)

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Income	2097.650	1692.924	1439.246
Profit	13.648	(378.428)	(1381.394)
	0.65%	(22.35%)	(95.98%)

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity-Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	No
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

BACKGROUND (AS ON 31.03.2013):

Embassy Property Developments Private Limited (formerly known as Embassy Property Developments Limited) (EPDPL or the Company) was incorporated on 30 July 1996 and is primarily engaged in the business of real estate development and related consulting services, leasing of properties, making investments in joint developments, investing in companies/firms which are into real estate development. The Company changed its name from Dynasty Developers Private Limited to Embassy Property Developments Private Limited with effect from 1 April 2010, subsequent to which, on 25 May 2010, the Company was converted into a public limited company. During the year, on 9 January 2013, the Company was converted into a private limited company.

OPERATIONAL REVIEW AND FUTURE:

The company’s strategy of portfolio diversification continued with the launch of Embassy Lake Terraces - a premium residential development of 467 condominiums spread across approximately 15 acres, offering panoramic views of the Hebbal and Nagavara Lakes and the surrounding wooded land. The project is designed in a unique contemporary architectural style with features such as the Sky Block levels being staggered, twisted and orientated to optimize views towards the six acre central green and the lake beyond.

Focus on commercial developments continued with developments in Embassy TechSquare (omega and delta blocks) and Embassy TechZone - phase 1(Serbia). These blocks are expected to be completed in the forthcoming fiscal year.

The preliminary development and approval process for Embassy Springs, a 217 acre residential project near the international airport, and Embassy Knowledge Park, an 216 acres integrated commercial township in North Bangalore, has commenced and is expected to see traction in the forthcoming fiscal.

The Directors would like to thank Mr. K.Y. Gopi Krishnan, outgoing CEO and Director, for his invaluable contribution to the growth of the Company during his nearly 19 years of association with the Company. His vision, commitment, and hard work have helped chart the Company’s impressive growth over the years.

OUTLOOK OF THE COMPANY FOR THE UPCOMING YEAR:

Embassy would work on strengthening its residential portfolio in Bangalore. Amongst the projects to be launched is Embassy Grove – a residential project, facing the Karnataka Golf Course, located on a 7.93 acre property, off Old Airport Road, Bangalore. The project comprises 106 villaments, with sizes from 4,500 sq. ft. to 5,500 sq. ft.

The forthcoming fiscal will see the Company expanding organically i.e. exploiting land reserves of the Company in the northern and eastern quadrant of Bangalore and through developments via Joint Development Agreements (JDAs). In addition, the Management would be also pursuing inorganic growth opportunities through acquisition of entities in same or related business streams in order to catapult the growth trajectory of the firm.

UNSECURED LOAN

Particulars	31.03.2013 (Rs. in Million)	31.03.2012 (Rs. in Million)
LONG-TERM BORROWINGS
Intercorporate deposits	1000.000	0.000
Loans and advances from directors	1088.825	1819.127
Other loans and advances	11.076	24.028
SHORT-TERM BORROWINGS
Non-convertible debentures intercorporate	0.000	1000.000
Loans repayable on demand from others	158.521	390.246
Intercorporate deposits	892.425	435.725
Loans and advances from others	194.100	0.000
Other loans and advances (bank overdraft)	0.000	109.210
Total	3344.947	3778.336

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10554329	20/02/2015	385,000,000.00	JM FINANCIAL CREDIT SOLUTIONS LIMITED	7TH FLOOR, CNERGY, APPASAHEB MARATHE MARG, PRABHADEVI, MUMBAI, MAHARASHTRA - 400025, INDIA	C46273090
2	10543725	17/12/2014	1,090,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA	C40300329
3	10561183	28/11/2014	1,500,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169 BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	C49982929
4	10532643	20/01/2015 *	400,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA	C47474804
5	10551680	14/10/2014	12,000,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169 BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	C44878023
6	10514907	25/07/2014	750,000,000.00	L&T INFRASTRUCTURE FINANCE COMPANY LIMITED	MOUNT POONAMALLEE ROAD, MANAPAKKAM, CHENNAI, TAMILNADU - 600089, INDIA	C16417958
7	10494037	22/04/2014	5,540,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA  - 400051, INDIA	C03038502
8	10447636	05/08/2013	1,600,000,000.00	IL & FS TRUST COMPANY LIMITED	IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRA, KURLA COMPLEX BANDRA EAST, MUMBAI, MAHARASHTRA  - 400051, INDIA	B84317478
9	10449163	25/07/2013	200,000,000.00	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	RAMON HOUSE 169BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI, MAHARASHTRA - 400020, INDIA	B85054401

* Date of charge modification

CONTINGENT LIABILITIES:

PARTICULARS	31.03.2013 (Rs. in Million)	31.03.2012 (Rs. in Million)
Corporate guarantee for loans taken by group companies	6379.000	3869.000
Corporate guarantee for loan taken by a director	27.990	27.990
Income tax matters	158.121	112.571
Service tax matters	27.545	27.545

FIXED ASSETS:

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Office Equipment

· Leasehold Improvements

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.65.12
UK Pound	1	Rs.101.62
Euro	1	Rs.72.56

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	HNA
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	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	--

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