MIRA INFORM REPORT

Report No. :	327511
Report Date :	16.06.2015

IDENTIFICATION DETAILS

Name :	TRENT LIMITED
Registered Office :	Bombay House, 24, Homi Mody Street, Fort, Mumbai-400001, Maharashtra
Tel. No.:	91- 22-66658282
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	05.12.1952
Com. Reg. No.:	11-008951
Capital Investment / Paid-up Capital :	Rs. 332.315 Million
CIN No.: [Company Identification No.]	L24240MH1952PLC008951
IEC No.:	0795011351
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACL1838J
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	The subject is engaged into Retailing Business.
No. of Employees :	3000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Aa (74)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 39198000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by adequate liquidity position and sound profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – 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	CARE
Rating	Long Term Instruments-Non-Convertible Debentures=AA
Rating Explanation	High degree of safety and very low credit risk.
Date	13.03.2015

Rating Agency Name	CARE
Rating	Bank Facilities-Non-Fund Based-ST-BG/LC=A1+
Rating Explanation	Very strong degree of safety and carry lowest credit risk.
Date	13.03.2015

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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Pratik Shah
Designation :	Accountant
Contact No.:	91-22-67008487
Date :	15.06.2015

LOCATIONS

Registered Office :	Bombay House, 24, Homi Mody Street, Fort, Mumbai-400001, Maharashtra, India
Tel. No.:	91- 22-66658282/ 67008487/ 67009000
Fax No.:	91- 22-2204208/ 22042081
E-Mail :	mmsurti@trent-tata.com investor.relations@trent-tata.com Pratik.shah@trent.tata.com
Website :	www.mywestside.com
Corporate Office :	Trent House, 10^th Floor, G Block, Plot No. C-60, Next to Citi Bank, Bandra Kurla Complex, Mumbai-400051, Maharashtra, India
Tel. No.:	91-22 - 67009000
Fax No.:	91-22 - 67008100
E-Mail :	investor.relations@trent-tata.com
Stores :	Located at: · Bangalore · Chennai · Hyderabad · Kolkata · Pune · New Delhi · Mumbai · Nagpur · Ahmedabad · Indore · Noida · Vadodara · Ghaziabad · Jaipur · Ludhiana · Surat · Rajkot · Navi Mumbai · Gurgaon · Faridabad · Nashik · Hyderabad · Raipur · Mangalore · Thane · Kanpur · Coimbatore · Varanasi · Jalandhar · Guwahati · Mysore · Jammu Bhopal · Aurangabad · Sangli · Jabalpur · Dehradun · Udaipur · Bareilly · Trichy · Kurnool · Vijayawada · Allahabad · Thrissur · Kochi · Siliguri

DIRECTORS

AS ON 31.03.2014

Name :

Mr. Noel Naval Tata

Designation :

Director

Address :

Windmere Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India

Date of Appointment :

05.08.2011

DIN No.:

00024713

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	U63040MH1993PTC070465	DKI TRAVEL SERVICES PRIVATE LIMITED	Director	01-06-1994	01-06-1994	18-04-2011	Active	NO
2	L24240MH1952PLC008951	TRENT LIMITED	Director	05-08-2011	18-12-1997	-	Active	NO
3	L29308MH1954PLC009371	VOLTAS LIMITED	Director	27-01-2003	27-01-2003	-	Active	NO
4	L74999TZ1984PLC001456	TITAN COMPANY LIMITED	Nominee director	07-08-2003	07-08-2003	-	Active	NO
5	U70101MH2004PTC145888	LORIMAR PROPERTIES PRIVATE LIMITED	Director	23-04-2004	23-04-2004	29-10-2012	Active	NO
6	L67200MH1937PLC002622	TATA INVESTMENT CORPORATION LIMITED	Director	09-06-2004	09-06-2004	-	Active	NO
7	U70102MH1994PTC076582	SATNAM DEVELOPERS AND FINANCE PRIVATE LTD	Nominee director	21-08-2004	21-08-2004	-	Amalgamated	NO
8	U91990MH2005GAP151959	RETAILERS ASSOCIATION OF INDIA	Director	14-03-2005	14-03-2005	-	Active	NO
9	U74899DL1995PLC073520	TRENT BRANDS LIMITED	Nominee director	27-04-2005	27-04-2005	10-05-2010	Active	NO
10	U70109MH2006PLC160918	LANDMARK LIMITED (PART IX)	Nominee director	31-03-2006	31-03-2006	-	Amalgamated	NO
11	U67190MH2005PLC153819	MILESTONE CAPITAL ADVISORS LIMITED	Director	10-05-2007	10-05-2007	09-09-2010	Active	NO
12	U74140MH2007PTC172569	IL&FS MILESTONE REALTY ADVISORS PRIVATE LIMITED	Director	26-09-2008	14-08-2007	09-09-2010	Active	NO
13	U65991MH2007PTC169267	VIRTUOUS TRUSTEES PRIVATE LIMITED	Director	29-09-2008	21-09-2007	22-12-2009	Active	NO
14	U67100MH2007PTC169947	TREXA ADMC PRIVATE LIMITED	Director	11-10-2008	21-09-2007	29-05-2012	Amalgamated	NO
15	L24202MH1920PLC000825	KANSAI NEROLAC PAINTS LIMITED	Director	24-06-2008	27-10-2007	-	Active	NO
16	U51900MH2008PLC184184	TRENT HYPERMARKET LIMITED	Nominee director	03-11-2014	12-08-2008	-	Active	NO
17	U74900HR2009FTC043768	INDITEX TRENT RETAIL INDIA PRIVATE LIMITED	Director	27-10-2009	27-10-2009	-	Active	NO
18	U92411MH1933PLC002813	THE CRICKET CLUB OF INDIA LIMITED	Nominee director	09-04-2010	09-04-2010	-	Active	NO
19	U51900MH1962PLC012528	TATA INTERNATIONAL LIMITED	Managing director	26-08-2010	05-05-2010	-	Active	NO
20	U72900MH2000PLC126195	DRIVE INDIA ENTERPRISE SOLUTIONS LIMITED	Director	08-08-2011	01-11-2010	27-03-2015	Active	NO
21	U18209TN1997PLC037515	BACHI SHOES LIMITED	Director	05-08-2011	24-12-2010	-	Active	NO
22	U52100HR2013FTC051280	MASSIMO DUTTI INDIA PRIVATE LIMITED	Director	12-12-2013	12-12-2013	-	Active	NO

Name :

Mr. Aspy Dady Cooper

Designation :

Director

Address :

Flat No. 502, Wing-A, 5th Floor, Vivarea Tower,, Sane Guruji Marg, Jacob Circle, Mahalaxmi, Mumbai-400011, Maharashtra, India

Date of Birth/Age :

23.08.1940

Qualification :

· B.Com

· F.C.A.

Experience :

Mr. A. D. Cooper has varied experience in field of Finance, Management and Audit.

Date of Appointment :

14.08.2014

DIN No.:

00026134

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	L24240MH1952PLC008951	TRENT LIMITED	DIRECTOR	14-08-2014	29-05-1984	-	ACTIVE	NO
2	U74300MH1969PTC014391	LINTAS INDIA PRIVATE LIMITED	ALTERNATE DIRECTOR	27-09-2006	26-07-1984	02-07-2007	ACTIVE	NO
3	U74899DL1995PLC073520	TRENT BRANDS LIMITED	DIRECTOR	12-08-2014	06-05-1996	-	ACTIVE	NO
4	U70109MH2006PLC160918	LANDMARK LIMITED (PART IX)	DIRECTOR	31-03-2006	31-03-2006	-	AMALGAMATED	NO
5	U51900MH2008PLC184184	TRENT HYPERMARKET LIMITED	DIRECTOR	28-07-2014	17-10-2008	-	ACTIVE	NO
6	U65990MH1994PLC077090	TATA ASSET MANAGEMENT LIMITED	DIRECTOR	04-08-2014	15-09-2009	-	ACTIVE	NO
7	U22190TN2007PLC064265	WESTLAND LIMITED	DIRECTOR	11-08-2014	29-11-2011	-	ACTIVE	NO
8	U74899DL1971PLC005728	NAHAR RETAIL TRADING SERVICES LIMITED	DIRECTOR	12-08-2014	16-11-2013	21-02-2015	ACTIVE	NO
9	U74990PN1989PLC020632	FIORA SERVICES LIMITED	DIRECTOR	02-08-2014	17-02-2014	-	ACTIVE	NO
10	U70102MH2011PTC213784	GODREJ PREMIUM BUILDERS PRIVATE LIMITED	DIRECTOR	28-07-2014	28-07-2014	-	ACTIVE	NO
11	U70102MH2012PTC228114	GODREJ LANDMARK REDEVELOPERS PRIVATE LIMITED	DIRECTOR	28-07-2014	28-07-2014	-	ACTIVE	NO
12	U70102MH2013PTC240297	GODREJ REDEVELOPERS (MUMBAI) PRIVATE LIMITED	DIRECTOR	30-07-2014	30-07-2014	-	ACTIVE	NO
13	U70102MH2010PTC207957	GODREJ BUILDCON PRIVATE LIMITED	DIRECTOR	20-03-2015	26-02-2015	-	ACTIVE	NO

Name :

Mr. Zubin Soli Dubash

Designation :

Director

Address :

4001/4101 Celesta Chs-Old Simplex Mills Compound, 30 Keshavrao Khadye Marg, Mahalaxmi East, Mumbai-400011, Maharashtra, India

Date of Birth/Age :

16.08.1959

Qualification :

· B. Com

· MBA (Wharton)

· A.C.A. (England and Wales)

Experience :

Mr. Z. S. Dubash has varied experience in the field of Finance, Management and Business Development

Date of Appointment :

14.08.2014

DIN No.:

00026206

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	U72200MH1996PTC100196	WNS GLOBAL SERVICES PRIVATE LIMITED	Director	10-09-2004	10-09-2004	28-11-2007	Active	NO
2	L24240MH1952PLC008951	TRENT LIMITED	Director	14-08-2014	27-10-2005	-	Active	NO
3	L67200MH1937PLC002622	TATA INVESTMENT CORPORATION LIMITED	Director	05-08-2014	17-03-2010	-	Active	NO

Name :

Mr. Bhaskar Bhat

Designation :

Director

Address :

No.884 Chaitanya Plot, Indiranagar First Stage, Bangalore-560038, Karnataka, India

Date of Birth/Age :

29.08.1954

Qualification :

· IIT Chennai

· IIM Ahmedabad

Experience :

Mr. B. Bhat is the Managing Director of Titan Company Limited. He has rich experience in the areas of Sales, Marketing, HR, International Business, etc.

Date of Appointment :

05.08.2011

DIN No.:

00148778

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	U36911KA1996PLC020977	TANISHQ (INDIA) LIMITED	DIRECTOR	31-03-1999	31-03-1999	-	AMALGAMATED	NO
2	U22120MH1978PLC020849	SAMRAT HOLDINGS LIMITED	DIRECTOR	24-09-2001	24-09-2001	-	AMALGAMATED	NO
3	L74999TZ1984PLC001456	TITAN COMPANY LIMITED	MANAGING DIRECTOR	06-05-2014	01-04-2002	-	ACTIVE	NO
4	U70101TZ1991PLC003557	TITAN PROPERTIES LIMITED	DIRECTOR	22-04-2003	22-04-2003	-	AMALGAMATED	NO
5	U85110KA1993PLC014090	TITAN HOLDINGS LIMITED	DIRECTOR	22-04-2003	22-04-2003	-	AMALGAMATED	NO
6	U67120MH1983PLC029631	QUESTAR INVESTMENTS LIMITED	DIRECTOR	18-12-2003	18-12-2003	-	AMALGAMATED	NO
7	U33301GA1991PLC001148	TITAN TIMEPRODUCTS LIMITED	NOMINEE DIRECTOR	24-06-2005	24-06-2005	-	ACTIVE	NO
8	U64201MH2007PTC169408	VIRGIN MOBILE INDIA PRIVATE LIMITED	DIRECTOR	26-09-2008	17-12-2007	01-04-2015	ACTIVE	NO
9	U45401MH2007PTC170381	CASA DECOR PRIVATE LIMITED	DIRECTOR	30-09-2009	13-05-2009	06-11-2012	ACTIVE	NO
10	L24240MH1952PLC008951	TRENT LIMITED	DIRECTOR	05-08-2011	27-09-2010	-	ACTIVE	NO
11	U26933KL1991PLC006018	TATA CERAMICS LIMITED	DIRECTOR	26-09-2012	05-03-2012	-	ACTIVE	NO
12	U19200MH2012PLC229877	TATA INTERNATIONAL WOLVERINE BRANDS LIMITED	NOMINEE DIRECTOR	06-12-2012	06-12-2012	14-08-2014	ACTIVE	NO
13	L85110KA1951PLC000761	BOSCH LIMITED	DIRECTOR	05-06-2013	01-01-2013	-	ACTIVE	NO
14	U33111TZ2015PLC021232	TITAN ENGINEERING AND AUTOMATION LIMITED	DIRECTOR	24-03-2015	24-03-2015	-	ACTIVE	NO

Name :

Mr. Bahram Navroz Vakil

Designation :

Director

Address :

Neptune Court, First Floor,, 60, Nepeansea Road,, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

12.09.1958

Qualification :

· Bachelor of Law, Mumbai University

· Advocate Bar Council of Maharashtra and Goa

· LLM, Columbia University, New York, USA

· Member, New York State Bar Association

· Solicitor, India

Experience :

Mr. B. N. Vakil has varied experience in field of Infrastructure and Project Finance, Banking, Finance and Derivatives, Joint Ventures, Acquisitions, Restructuring of Companies, Corporate Law, Private Equity Funds and Venture Capital

Date of Appointment :

14.08.2014

DIN No.:

00283980

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	U55101MH1996PTC097667	DEGUSTIBUS HOSPITALITY PRIVATE LIMITED	DIRECTOR	01-06-1998	01-06-1998	20-06-2009	ACTIVE	NO
2	U25110MH1996PTC098147	GOLD SEAL AVON POLYMERS PRIVATE LIMITED	ALTERNATE DIRECTOR	26-08-2008	13-03-2001	07-06-2011	ACTIVE	NO
3	U67190MH1997PTC109777	STRATEGIC PARTNERS (INDIA) PRIVATE LIMITED	DIRECTOR	09-04-2001	09-04-2001	01-09-2014	ACTIVE	NO
4	U29111MH2001PTC131781	LOMBARDINI INDIA PRIVATE LIMITED	DIRECTOR	14-05-2001	14-05-2001	22-06-2007	ACTIVE	NO
5	U55101TN2002PTC048331	WILD INDIA CAMPS PRIVATE LIMITED	DIRECTOR	10-03-2004	10-03-2004	-	ACTIVE	NO
6	U25209MH1997PTC110354	GOLDSEAL-SAARGUMMI INDIA PRIVATE LIMITED	ALTERNATE DIRECTOR	16-02-2005	16-02-2005	03-12-2009	ACTIVE	NO
7	U74999MH2003PTC149854	THE WALT DISNEY COMPANY (INDIA) PRIVATE LIMITED	DIRECTOR	09-12-2005	09-12-2005	03-02-2009	ACTIVE	NO
8	U65991MH2005PLC158045	PENINSULA TRUSTEE LIMITED	DIRECTOR	12-07-2007	06-03-2006	-	ACTIVE	NO
9	U72900PN2006PTC129658	BODHI GLOBAL SERVICES PRIVATE LIMITED	DIRECTOR	22-03-2006	22-03-2006	-	ACTIVE	NO
10	U74999MH1958PLC011233	INARCO LIMITED	ADDITIONAL DIRECTOR	08-05-2015	22-08-2006	-	ACTIVE	NO
11	U73100TG2006PTC051414	BVUD RESEARCH (INDIA) PRIVATE LIMITED	DIRECTOR	16-10-2006	16-10-2006	29-03-2007	UNDER LIQUIDATION	NO
12	U65990MH2005PLC154276	EDELWEISS WEB SERVICES LIMITED	DIRECTOR	02-11-2006	02-11-2006	21-05-2014	ACTIVE	NO
13	U92130MH2004PTC143978	UNITED HOME ENTERTAINMENT PRIVATE LIMITED	DIRECTOR	12-12-2006	12-12-2006	27-08-2007	ACTIVE	NO
14	U65923MH2007PLC168721	GRAMEEN CAPITAL INDIA LIMITED	DIRECTOR	14-03-2007	14-03-2007	-	ACTIVE	NO
15	U67190MH2007FTC175891	BABCOCK & BROWN INDIA PRIVATE LIMITED	DIRECTOR	14-11-2007	14-11-2007	22-08-2008	UNDER LIQUIDATION	NO
16	U74900KA2008PTC050780	UNITUS CAPITAL PRIVATE LIMITED	DIRECTOR	03-03-2008	03-03-2008	07-11-2008	ACTIVE	NO
17	U40106MH2008PTC180689	SUNNIGHT SOLAR PRIVATE LIMITED	DIRECTOR	01-04-2008	01-04-2008	08-07-2011	STRIKE OFF	NO
18	U65999MH2008NPL188370	PREMANAND MICRO FINANCING	DIRECTOR	20-11-2008	20-11-2008	08-07-2011	ACTIVE	NO
19	U93090MH2010NPL201145	INDIAN COUNCIL ON GLOBAL RELATIONS	DIRECTOR	28-09-2011	25-08-2010	-	ACTIVE	NO
20	U74900MH2011PTC215129	GE-HITACHI NUCLEAR ENERGY INDIA PRIVATE LIMITED	DIRECTOR	22-03-2011	22-03-2011	-	ACTIVE	NO
21	U73100MH2011FTC216670	COLUMBIA RESEARCH AND CONSULTANCY SERVICES PRIVATE LIMITED	ALTERNATE DIRECTOR	31-05-2011	31-05-2011	-	ACTIVE	NO
22	L74140PN1986PLC041033	ACCELYA KALE SOLUTIONS LIMITED	DIRECTOR	08-11-2011	07-07-2011	01-07-2013	ACTIVE	NO
23	L24240MH1952PLC008951	TRENT LIMITED	DIRECTOR	14-08-2014	25-06-2012	-	ACTIVE	NO
24	U51900MH2005PLC157853	AXIS CAPITAL LIMITED	DIRECTOR	15-07-2013	14-01-2013	-	ACTIVE	NO
25	U67190MH2013PTC245486	GRAMEEN CAPITAL INVESTMENT ADVISORS PRIVATE LIMITED	DIRECTOR	11-07-2013	11-07-2013	-	ACTIVE	NO
26	U73200MH1986NPL041521	CENTRE FOR ADVANCEMENT OF PHILANTHROPY.	DIRECTOR	22-08-2013	22-08-2013	-	ACTIVE	NO
27	U74899UR1986PTC000766	RADAUR HOLDINGS PRIVATE LIMITED	DIRECTOR	30-09-2014	09-10-2013	17-03-2015	ACTIVE	NO
28	U80309MH2013PTC250610	KINGS LEARNING PRIVATE LIMITED	DIRECTOR	10-02-2014	10-02-2014	-	ACTIVE	NO
29	L29308MH1954PLC009371	VOLTAS LIMITED	DIRECTOR	01-09-2014	01-09-2014	-	ACTIVE	NO
30	U65910UP2002NPL027113	CASHPOR MICRO CREDIT	ADDITIONAL DIRECTOR	10-11-2014	10-11-2014	-	ACTIVE	NO
31	U85191MH2011NPL218106	STEP UP CHARITABLE FOUNDATION	ADDITIONAL DIRECTOR	12-01-2015	12-01-2015	24-02-2015	ACTIVE	NO
32	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	ADDITIONAL DIRECTOR	16-03-2015	16-03-2015	-	ACTIVE	NO
33	U74999MH2014NPL260102	WORLD MONUMENTS FUND INDIA ASSOCIATION	ADDITIONAL DIRECTOR	18-04-2015	18-04-2015	-	ACTIVE	NO

Name :

Mr. Harish Ramananda Bhat

Designation :

Director

Address :

No A-1053, Krest Park Apartments, 39 Old Kanakapura Road, Basavanagudi, Bangalore-560004, Karnataka, India

Date of Birth/Age :

08.11.1962

Qualification :

Alumnus of BITS Pilani and IIM Ahmedabad

Experience :

Mr. H. Bhat is a member of the Group Executive Council (GEC) of Tata Sons. During his career with the Tata Group, he has served in several senior roles which include Managing Director and CEO of Tata Global Beverages, Chief

Operating Officer of the Watches and Jewellery businesses of Titan Company.

Date of Appointment :

14.08.2014

DIN No.:

00478198

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	U36911KA1996PLC020977	TANISHQ (INDIA) LIMITED	DIRECTOR	24-03-2004	24-03-2004	-	AMALGAMATED	NO
2	L15491WB1962PLC031425	TATA GLOBAL BEVERAGES LIMITED	DIRECTOR	26-08-2014	01-07-2012	-	ACTIVE	NO
3	L01131KA1943PLC000833	TATA COFFEE LIMITED	DIRECTOR	02-07-2013	27-07-2012	-	ACTIVE	NO
4	L15543HP1991PLC019065	MOUNT EVEREST MINERAL WATER LIMITED	DIRECTOR	05-07-2013	04-08-2012	31-03-2014	AMALGAMATED	NO
5	U15500HR2010PLC041616	NOURISHCO BEVERAGES LIMITED	DIRECTOR	09-10-2013	14-08-2012	31-03-2015	ACTIVE	NO
6	U74900MH2011PTC222589	TATA STARBUCKS PRIVATE LIMITED	DIRECTOR	01-08-2013	20-05-2013	-	ACTIVE	NO
7	U31900MH2005PLC158120	INFINITI RETAIL LIMITED	DIRECTOR	20-12-2013	13-09-2013	-	ACTIVE	NO
8	L24240MH1952PLC008951	TRENT LIMITED	DIRECTOR	14-08-2014	01-04-2014	-	ACTIVE	NO
9	U74999MH2007PLC173035	TATA UNISTORE LIMITED	ADDITIONAL DIRECTOR	06-01-2015	06-01-2015	-	ACTIVE	NO
10	L74999TZ1984PLC001456	TITAN COMPANY LIMITED	ADDITIONAL DIRECTOR	20-04-2015	20-04-2015	-	ACTIVE	NO

Name :

Mr. Simon Norman Susman

Designation :

Director

Address :

Po Box 680, Cape Town, Cape Town-8000, South Africa

Date of Birth/Age :

01.05.1950

Qualification :

St. Andrew’s College

Grahamstown (Mat.)

Experience :

Mr. S. Susman has rich overseas experience in the retail business. Currently, he is the Chairman of Woolworths Holdings Limited, South Africa and is a Director of many eminent companies overseas.

Date of Appointment :

14.08.2014

DIN No.:

03503013

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	Company/ LLP Status	Defaulting status
1	L24240MH1952PLC008951	TRENT LIMITED	Director	14-08-2014	11-05-2011	Active	NO

Name :

Mr. Philip Noel Auld

Designation :

Managing director

Address :

Trent House, G-Block, Plot No. C-60, Beside Citi, Bank, Bandra Kurla Complex, Bandra (East), Mumbai-400051, Maharashtra, India

Date of Appointment :

04.11.2014

DIN No.:

03543080

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	Company/ LLP Status	Defaulting status
1	U70109MH2006PLC160918	LANDMARK LIMITED (PART IX)	Director	10-08-2012	19-10-2011	Amalgamated	NO
2	U72900MH2001PLC252980	LANDMARK ETAIL LIMITED	Director	05-08-2013	21-05-2013	Active	NO
3	L24240MH1952PLC008951	TRENT LIMITED	Managing director	04-11-2014	04-11-2014	Active	NO

Name :

Mrs. Sonia Singh

Designation :

Additional director

Address :

GM, Konstancin- Jeziorna Woj Mazowieckie, Bielawa Ul. Stanislawa Lema 1, Konstancin Jeziorna-05520, Poland

Date of Appointment :

03.03.2015

DIN No.:

07108778

KEY EXECUTIVES

Name :	Mr. Mehemosh Mirzban Surti
Designation :	Secretary
Address :	Glamourelen, 6TH Floor, Flat No. 23, 100, DR. Ambedkar Road, Bandra (West), Mumbai-400050, Maharashtra, India
Date of Appointment :	01.04.2009
PAN No.:	AAAPS6585N
Name :	Mr. Venkatesalu Palaniswamy
Designation :	Chief Finance Officer
Address :	Tata Colony Falcon Crest Flat No 102, G D Ambekar Marg, Parel Tank Road, Parel, Mumbai-400017, Maharashtra, India
Date of Appointment :	28.05.2014
PAN No.:	ACRPV6412C
Name :	Mr. Pratik Shah
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 31.03.2015

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Bodies Corporate	10753015	32.36
Sub Total	10753015	32.36
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	10753015	32.36
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	4008576	12.08
Financial Institutions / Banks	7838	0.03
Venture Capital Funds	1250223	3.76
Insurance Companies	1168740	3.52
Foreign Institutional Investors	6693239	20.15
Any Others (Specify)	404382	1.22
Foreign Portolio Investor ( Corporate)	404382	1.22
Sub Total	13532998	40.75
(2) Non-Institutions
Bodies Corporate	2972134	8.97
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	4624500	16.34
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	434539	1.31
Any Others (Specify)	93839	0.28
Trusts	1967	0.01
Directors and their Relatives and Friends	91872	0.28
Sub Total	8125012	26.89
Total Public shareholding (B)	21658010	67.64
Total (A)+(B)	32411025	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	32411025	100.00

BUSINESS DETAILS

Line of Business :	The subject is engaged into Retailing Business.
Products :	--
Brand Names :	--
Agencies Held :	--
Exports :
Products :	--
Countries :	--
Imports :
Products :	Raw Material
Countries :	· China · Sri Lanka · Bangladesh
Terms :	--

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

Customers :

Reference:	Not Divulged
Name of the Person (Designation):	Not Divulged
Contact Number:	Not Divulged
Since how long known:	Not Divulged
Maximum limit dealt:	Not Divulged
Experience:	Not Divulged
Remark	Not Divulged

No. of Employees :

3000 (Approximately)

Bankers :

Bank Name:	Not Divulged
Branch:	Not Divulged
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 A/c Opening):	Not Divulged
Average Balance Maintained (Optional):	Not Divulged
Credit Facilities Enjoyed (CC/OD/Term Loan):	Not Divulged
Account Operation:	Not Divulged
Remarks:	Not Divulged

· Citibank N.A.

· ICICI Bank Limited

· HDFC Bank Limited

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
Non-Convertible Debenture – April 10 Series	1000.000
Total	1000.000

Note:

During the year 2010-11, the Company issued 1,000 Redeemable Non-Convertible Debentures April 10 Series-I of Rs. 1.000 million each on private placement basis. These Debentures are free of interest and are redeemable at a premium of Rs. 0.600 million each on 14th April 2015. The Premium payable on redemption of these Debentures has been fully provided and debited to Securities Premium Account net of deferred tax in 2010-11.These Debentures are secured by way of charge on immovable property of the company in favour of Debenture Trustees as stipulated in the Debenture Trust Deed and 1.25 times asset cover will be maintained by the company on continuous basis.

Banking Relations :	--
Auditors : (As on 31.03.2014)
Name :	N.M Raiji and Company Chartered Accountant
Address :	Universal Insurance Building, Pherozeshah Mehta Road, Mumbai-400001, Maharashtra, India
Tel. No.:	91-22-22870068/ 22873463
Fax No.:	91-22-22828646/ 22650578
E-Mail :	nmr.ho@nmraji.com
Solicitors: (As on 31.03.2015)
Name :	AZB and Partners
Memberships :	--
Collaborators :	--
Associates (As on 31.03.2015):	Tata Sons Limited (Holds more than 20% of the Share Capital of the Company)
Joint Ventures : (As on 31.03.2015)	Inditex Trent Retail India Private Limited (49% Equity Share Capital is held by Trent Limited as at 31st March, 2014)
Subsidiaries : (As on 31.03.2015)	Trent Brands Limited (100% Equity Share Capital is held by Trent Limited as at 31st March, 2014) Fiora Services Limited (89.88% Equity Share Capital is held by Trent Brands Limited as at 31st March, 2014) Nahar Theatres Private Limited (100% Equity Share Capital is held by Trent Limited as at 31st March, 2014) *Fiora Link Road Properties Limited (100% Equity Share Capital is held by Trent Limited as at 31st March, 2013) *Landmark Limited (85.94% Equity Share Capital is held by Trent Limited as at 31st March, 2013) (14.06% Equity Share Capital is held by Fiora Link Road Properties Limited as at 31st March, 2013) Westland Limited (96.64% Equity Share Capital is held by Trent Limited as at 31st March, 2014) Landmark E-Tail Private Limited (100% Equity Share Capital is held by Trent Limited on account of merger ; as at 31st March, 2014) Trent Hypermarket Limited (100% Equity Share Capital is held by Trent Limited as at 31st March, 2014) Trent Global Holdings Limited (100% Equity Share Capital is held by Trent Limited as at 31st March, 2014) Traxa ADMC Private Limited (100% Equity Share Capital is held by Trent Limited as at 31st March, 2013) Fiora Hyper Market Limited-Subsidiary Company (100% Equity Share Capital is held by Trent Limited w.e.f 29th March , 2014) Duckbill Books and Publication Limited. (51% Equity Share Capital is held by Westland Limited as at 31st March,2014) Virtuous Shopping Centres Limited (66.66% Equity Share Capital is held by Trent Hypermarket Limited as at 31.03.2014) (33.34 % Equity Share Capital is held by Trent Limited as at 31.03.2014) Commonwealth Developers Limited (100% Equity Share Capital is held by Virtuous Shopping Centres Limited as at 31st March, 2014)

* The company has merged with Trent Limited in Current year.

CAPITAL STRUCTURE

As on 31.03.2015

Authorised Capital: Not Available

Issued, Subscribed & Paid-up Capital: Rs. 332.315 Million

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
47250000	Equity Shares	Rs. 10/- each	Rs. 472.500 Million
3000000	Unclassified Shares	Rs. 10/- each	Rs. 30.000 Million
1630000	Preference Shares	Rs. 100/- each	Rs. 163.000 Million
70000	Preference Shares	Rs.1000/- each	Rs. 70.000 Million
12000000	Cumulative Convertible Preference shares	Rs. 10/- each	Rs. 120.000 Million
	Total		Rs. 855.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
33231544	Equity Shares	Rs. 10/- each	Rs. 332.300 Million

Details of share issued for consideration other than cash

70000 Cumulative Redeemable preference shares were allotted as fully paid pursuant to scheme of Amalgamation without payment being received in cash during the financial year 2009-2010.

Terms/ Rights attached to equity shares

The company has equity share having par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The shareholders have the right to receive interim dividends declared by the Board of Directors and final dividends proposed by the Board of Directors and approved by the shareholders. In the event of liquidation of the company, the holders of equity shares will be entitled to receive In the event of liquidation of the Company, the holders of Equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of Preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders. The equity shareholders have all other rights as available to the equity shareholders as per the provisions of Companies Act, 1956 read together with the Memorandum of Association and Articles of Association of the Company as applicable.

Terms/rights attached to Preference shares

(i) The Company has 0.1% Cumulative Redeemable Preference Shares having a par value of Rs. 1000/- each. The shares are entitled for a dividend of 0.1% per annum on the capital for the time being paid up there on. The voting rights of the persons holding the said shares shall be in accordance with the provisions of Sec 87 of the Companies Act, 1956. The said shares rank for dividend in priority to the equity shares for the time being of the Company. The said shares shall, in the case of winding of entitled to rank, as regards repayment of Capital and arrears of dividend, whether declared or not up to the commencement on the winding up, in priority to equity shares but shall not be entitled to any further participation in profits or assets. The term of the 0.1% Cumulative Redeemable Preference Shares is of 20 years from 26th March 2010, being the date of allotment, with an option to the Company to redeem the Preference Shares at any time after 36 months from the date of allotment. The Board of Directors at their meeting held on 26th April 2010 have fixed 1st June 2013 as the date of redemption of the Preference Shares.

(ii) During the year 2010-11, the Company had issued 4451414 0. 1% Cumulative Compulsorily Convertible Preference Shares (CCPS) Series A of Rs. 10/- @Rs 550 each and 4451414 0.1% Cumulative Compulsorily Convertible Preference Shares (CCPS) Series B of Rs. 10/- @Rs. 550 each to the Equity Shareholders on Right basis in the ratio of 4 CCPS(2 series A and 2 Series B) for every 9 Equity Shares held. Each CCPS of Series A is Convertible into 1 Equity Share of Rs.10 each at premium of Rs. 540 automatically on 1st September 2011 and the same has been converted into equity shares during the year 2011-12 and each CCPS of Series B has been converted in to Equity Share of Rs. 10/- each premium of Rs. 540/- during the year. Until conversion, CCPS of both series will be eligible for a dividend of 0.1% p.a on their face value. The voting rights of the persons holding the CCPS shall be in accordance with the provisions of Sec 87 of the Companies Act, 1956. The CCPS rank for dividend in priority to the equity shares for the time being of the company. The CCPS shall, in the case of winding up, entitled to rank, as regards repayment of Capital and arrears of dividend, whether declared or not up to the commencement on the winding up, in priority to equity shares, but shall not be entitled to any further participation in profits or assets.

Reconciliation of Share Capital

Particular	Number of Shares	Rs. In Million
i) Equity shares
Number of shares at the beginning	33231544	332.300
Number of shares at the end	33231544	332.300
ii) 0.1% Cumulative Redeemable Preference shares
Number of shares at the beginning and at the end	70000	70.000
Less: Redeemed during the year	70000	70.000

The details of shareholders holding more than 5 % shares are as under:

Particular	Number of Shares	% to total shares
Tata Sons Limited	8744247	26.31
Arisag Partners (Asia) Pte Limited A/c Arisag India Fund Limited*	3285000	9.89
Reliance Capital Trustee Co Limited A/c Reliance Equity Opportunities Fund*	2353845	7.08
0.1% Cumulative Redeemable Preference shares
Hemlatha Ramaiah	--	--

The above details in respect of (i) and (iii) are as certified by the Registrar and Share transfer Agents and in respect of (ii) is as per the maintained by the company

Details of shares reserved for issue under options

As at 31.03.2014, the Company does not have any outstanding options

(i) During the year the Company issued 1530611 Equity Shares of Rs. 10/- each @ Rs. 980 per share to certain entities of the Promoter group on preferential basis in compliance with SEBI Preferential Issue Guidelines.

*Authorised share capital:

Landmark Limited, Fiora Link Road Properties Limited and Trexa ADMC Private Limited have been merged with Trent vide order of Bombay High Court dt 21st march 2014. Appointed date of the merger is 1st April 2013. In terms of scheme of merger authorised share capital of Landmark Limited, Fiora Link Road Properties Limited and Trexa ADMC Private Limited have been added to the authorised share capital of Trent.

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	332.315	332.300	402.300
(b) Reserves & Surplus	13386.924	12831.900	14988.000
(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)	13719.239	13164.200	15390.300
(3) Non-Current Liabilities
(a) Long-term borrowings	750.000	2250.000	2250.000
(b) Deferred tax liabilities (Net)	0.000	5.800	0.000
(c) Other long term liabilities	26.075	26.100	0.000
(d) long-term provisions	367.257	1098.200	1081.200
Total Non-current Liabilities (3)	1143.332	3380.100	3331.200
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	1426.352	1634.200	1191.600
(c) Other current liabilities	2139.478	536.500	548.000
(d) Short-term provisions	1192.971	309.900	310.200
Total Current Liabilities (4)	4758.801	2480.600	2049.800
TOTAL	19621.372	19024.900	20771.300
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4339.398	3356.000	2777.300
(ii) Intangible Assets	0.000	73.400	49.900
(iii) Capital work-in-progress	0.000	363.600	260.100
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	10128.082	7548.000	9889.700
(c) Deferred tax assets (net)	39.561	0.000	58.300
(d) Long-term Loan and Advances	716.061	1474.000	2024.800
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	15223.102	12815.000	15060.100
(2) Current assets
(a) Current investments	246.369	1076.000	514.700
(b) Inventories	2503.667	2645.300	1852.300
(c) Trade receivables	22.094	38.600	29.400
(d) Cash and cash equivalents	286.208	328.500	1433.300
(e) Short-term loans and advances	1331.519	2047.400	1835.200
(f) Other current assets	8.413	74.100	46.300
Total Current Assets	4398.270	6209.900	5711.200
TOTAL	19621.372	19024.900	20771.300

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2015	31.03.2014	31.03.2013
	SALES
		Income	13232.964	12544.000	9358.000
		Other Income	1091.674	648.100	603.900
		TOTAL (A)	14324.638	13192.100	9961.900
Less	EXPENSES
		Cost of Materials Consumed	13.747	9.100	16.900
		Purchases of Stock-in-Trade	6658.237	6853.000	4937.400
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	138.379	(168.500)	(56.700)
		Employees benefits expense	1239.898	1044.800	728.700
		Other expenses	4980.826	4538.000	3260.100
		Exceptional items	(564.017)	(93.300)	22.800
		TOTAL (B)	12467.070	12183.100	8909.200
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1857.568	1009.000	1052.700
Less	FINANCIAL EXPENSES (D)		70.336	70.500	78.800
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1787.232	938.500	973.900
Less/ Add	DEPRECIATION/ AMORTISATION (F)		398.358	256.000	166.200
	PROFIT BEFORE TAX (E-F) (G)		1388.874	682.500	807.700
Less	TAX (H)		388.577	140.100	185.100
	PROFIT AFTER TAX (G-H) (I)		1000.297	542.400	622.600
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1011.900	921.600	701.200
Less	APPROPRIATIONS
	Proposed Dividend on Equity share		NA	232.600	232.600
	Proposed Dividend on Preference Shares		NA	0.000	0.100
	Tax on Dividend		NA	39.500	39.500
	Transfer to Debenture Redemption Reserve		NA	50.000	50.000
	Transfer to general reserve		NA	60.000	80.000
	Transfer to Capital Redemption Reserve		NA	70.000	0.000
	BALANCE CARRIED TO THE B/S		NA	1011.900	921.600
	EARNINGS IN FOREIGN CURRENCY
	Sales of Goods		NA	226.800	159.600
	TOTAL EARNINGS		NA	226.800	159.600
	IMPORTS
	Finished Goods		NA	644.900	391.800
	Capital Goods		NA	7.300	5.400
	EARNINGS IN FOREIGN CURRENCY		NA	652.200	397.200
	Earnings Per Share (Rs.)		30.10	16.32	20.34

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	7.56	4.31	11.25
Operating Profit Margin (PBDIT/Sales)	(%)	14.04	8.04	11.25
Return on Total Assets (PBT/Total Assets}	(%)	14.69	4.86	9.97
Return on Investment (ROI) (PBT/Networth)		0.10	0.04	0.07
Debt Equity Ratio (Total Liability/Networth)		0.05	0.17	0.15
Current Ratio (Current Asset/Current Liability)		0.92	2.50	2.79

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

STOCK PRICES

Face Value	Rs. 10.00
Market Value	Rs. 1123.75

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	402.300	332.300	332.315
Reserves & Surplus	14988.000	12831.900	13386.924
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	15390.300	13164.200	13719.239
Long-term borrowings	2250.000	2250.000	750.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	2250.000	2250.000	750.000
Debt/Equity ratio	0.146	0.171	0.055

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9358.000	12544.000	13232.964
		34.046	5.492

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	9358.000	12544.000	13232.964
Profit	1052.700	540.306	1000.297
	11.25%	4.31%	7.56%

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	No
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)	Yes
16	No. of employees	Yes
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	Yes
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

LITIGATION DETAILS:

HIGH COURT OF BOMBAY

Bench:- Bombay
Presentation Date:- 05/01/2015
Lodging No:-	ARBPL/19/2015	Filing Date:-	05/01/2015	Reg. No.:-	ARBP/685/2015	Reg. Date:-	24./04/2015
Petitioner:-	AMAZON DEVELOPERS AND 4 ORS.		Respondent:-	TRENT LIMITED AND 2 ORS.-
Petn. Adv.:	M/S. THAKORE JARIWALA AND ASSOCIATES
District:-	MUMBAI
Bench:-	SINGLE
Status:-	Pre-Admission		Category:-	ARBITRATION ACT.
Last Date:-	31/03/2015		Stage:-	FOR REJECTION [ORGINIAL SIDE MATTERS]
Last Coram:-	REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER
Act:-	Arbitration and Conciliation Act 1996		Under Section:-	34
Last Coram:-	REGISTRAR(OS)/PROTHONOTARY AND SR. MASTER
Act:-	Income Tax Act, 1961		Under Section:-	260A

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10123036	02/08/2008	200,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST , MUMBAI- 400013, MAHARASHTRA, INDIA	A45907193
2	10052735	16/04/2007	191,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST , MUMBAI- 400013, MAHARASHTRA, INDIA	A15667512
3	10022189	08/09/2006	80,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST , MUMBAI- 400013, MAHARASHTRA, INDIA	A05624945
4	10008058	21/02/2013 *	150,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI- 400013, MAHARASHTRA , INDIA	B70824859

* Date of charge modification

UNSECURED LOANS

PARTICULARS	31.03.2014 (Rs. In Million)
LONG-TERM BORROWINGS
Non-Convertible Debentures - June 10 Series 1	450.000
Non-Convertible Debentures - June 10 Series 2	300.000
Non-Convertible Debentures - April 10 Series 2	500.000
Total	1250.000

Note:

During the year 2010-11, the Company issued 500 Redeemable Non-Convertible Debentures April 10 Series 2 of Rs.1.000 million each on private placement basis. These Debentures carry a coupon rate of 5%p.a of interest and are redeemable at a premium of Rs.0.300 million each on 27th April 2015.The Premium payable on redemption of these Debentures has been fully provided and debited to Securities Premium Account net of deferred tax in 2010-11.

(3) During the year 2010-11, the Company issued 450 Redeemable Non-Convertible Debentures June 2010 Series 1 of Rs.1.000 million each and 300 Redeemable Non-Convertible Debentures June 2010 Series 2 of Rs.1.000 million each on private placement basis. Series I Debentures will carry an interest @ 9.75%p.a and are redeemable at par on 30th June 2017 and series 2 Debentures are free of Interest and will be redeemed at premium of Rs.0.900 million on 30th June 2017 .The premium payable on redemption of Series 2 Debentures has been fully provided and debited to Securities Premium Account net of deferred tax in 2010-11.

FINANCIAL RESULTS (As on 31.03.2014)

Income for the year at Rs. 13192.100 millions increased by 32.43% from the previous year’s Rs. 9961.900 millions while profit after tax for the year at Rs. 542.400 millions decreased by 12.88% from the previous year’s Rs. 622.600 millions. The operating results of the Company for the year ended 31st March 2014 are lower consequent to the merger of Landmark Limited, Fiora Link Road Properties Limited and Trexa ADMC Private Limited with the Company.

FIXED ASSETS:

Tangible Assets

• Freehold Land
• Leasehold Land
• Building
• Plant and Equipment
• Furniture and Fixtures
• Office Equipment
• Computers
• Vehicle

Intangible Assets

• Brands / Trademarks
• Computer Software
• Non Compute Fees

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. 64.09
UK Pound	1	Rs. 99.57
Euro	1	Rs. 71.84

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	KAR
Report Prepared by :	IND

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	8
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	9
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		74

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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