M/S CHAMPALAL K .

VARDHAN & CO EXECUTIVE SUMMARY Introduction:

PROFILE:
Neelam Realtors Pvt. Ltd. is one of the most prominent Mumbai, with a Thirty-Three year eminent history the company has made a mark across the metropolitan with its professional outlook and towering dreams. It has set bench marks for itself with every project that it endeavours and it ensures to make it better than the last. With various slum rehabilitation projects the company has catered quality to every strata of the society. Keeping in mind its aim and objective to enhance the lifestyle of anyone who lives within the walls of Neelam Realtors.

builders in

VISION: working in tandem with the future. To aid the

"To provide never before witnessed quality by nature to create green buildings for safe keeping of growth of the country en bloc with primary focus in

the markets which have high housing demand and less supply. Be the largest real estate company based out in India"

MANAGEMENT: Director) 2. 3. 4. 5. 6. 7. 8.

1. Champalal K Vardhan (Chairman and Managing Ummedraj K vardhan (Joint Managing Director) Kunal C Vardhan (Joint Managing Director) Karan C Vardhan (Executive Managing Director) Lalit Jain (Senior Vice President) Chandrakant Chheda (Senior Vice President) Vijay Nair (Senior Vice President) Kapil Mehta (Vice President)

M/S CHAMPALAL K .VARDHAN & CO

PARTNERS:

Designing Architects Hafeez Contractor Lokhandwala F.T. Skyline Architects T. Khareghat Deepak Mehta

Advocate & Solicitors Kanga & Co. Shah & Sanghavi Vigil Juris Majmudar & Co. Kishore Thakordas & Co. Shelke & Co.

Elevators Otis Schindler Mitsubishi Kone

Consulting Architects Sunil Ambre & Associates S.G. Dalvi & Associates Hemant Parikh & Associates 1 Architectural Consultants R.G. Chawla & Co. D O T Architect Nalin Thakkar

M/S CHAMPALAL K .VARDHAN & CO

Environmental Consultants Green Circle (I) Pvt. Ltd. Building Environment (India) Pvt. Ltd.

Execution Partners Aluplex India Pvt. Ltd. Red Apple Infra Projects Makson Engineering & Co. Shree Khodiyar Imperial Shreeji Facade Systems Pvt. Ltd. Kruti Creations Classique Concepts Service Consultants Nat Engineering Consultants Pvt. Ltd. Consistent Engineering Consultants J.K. Infrastructure Rumi. H. Barucha Consultants (P) Ltd. Sanelar Consultants (P) Ltd. R.C.C. Consultants J + W Consultants U.N. Kamath JCV Consultants Security Group 4 Security Vigilante Services Pvt. Ltd.

3DModeling and Animation Rendercad Pvt. Ltd. Xpressions Pixel Works PVT. LTD. Shekhar Patil & Associates

M/S CHAMPALAL K .VARDHAN & CO

Landscape Alpha Environs. Taib Landscape Studio Pvt. Ltd. Lighting Shimera Project Lighting. Candle Light Company Pvt. Ltd. HISTORY OF REAL ESTATE MUMBAI:
Mumbai is a mature and well-developed Real Estate market. It is a demandmotivated market; where the property is bought for current use and not with the aim to speculate and sell it in future. This has led to the burgeoning of the Mumbai Real Estate market. The spurt in demand as well as supply of Real Estate products and the consequent increase in capital values are encouraging High Net worth Investors (HNI) and other investors to make active investments in the Mumbai Real Estate market. The investments made by the Investors and HNI's have showed an astonishing 50% increase per year. The rent collection of the Real Estate investments is at an attractive 11 to 12 percent per annum, thus translating into a gain of over 70% in two years, which is a stunner by any standards. The most attractive sectors for investment are the commercial Real Estate sector. Another high paying sector is retail. The occupancy levels of most commercial buildings are at 90 to 95 percent. Commercial properties have shown capital appreciation in the region of 15% to 35% in values per year. Land prices are expected to escalate by 5 to 10 percent in Mumbai according to the government authorities responsible for stamp duty and registration. Prices in south and central Mumbai are expected to move up the most. In case of Residential property, maximum demand is found in the mid-level segment. The demands for 3BHK properties are also set to increase. This demand is due to factors like high disposable income and total greater affordability. The demand for residential property can be sustained if the Indian economy remains stable and the interest rate low. Residential property has shown an appreciation of 15 to 20 percent over the last year. The rent takings have also increased by 20% over the same time period. The consistent increase in demand for Mumbai Real Estate should help to stabilize the prices in the near future.

M/S CHAMPALAL K .VARDHAN & CO

Metro lifestyles necessitate the need for owned homes in the apartment style. Mumbai is actually developing to a hyper metro with the burgeoning real estate giving more news with its fickle indications. Malls, hotels, restaurants, play parks, joggers track is expanding and the focus is also in connecting the areas with skywalks and over bridges. A lot of effort is seen by the government in developing barren land, waste land and converting dump yards into multiplexes or huge multi facility complexes.

The trend is also seen in commoners availing housing loans with the relaxing done by the finance ministry. Though the movement is getting busy than before people are still not very keen in investing in property yet. The news is that recession trends predict further fall in rates which will be beneficial for many salaried individuals. The NRI sector is also awaiting such lowering of house rates so that they can do a confident investment.

The earlier homes in Mumbai as per the history were simple in their profile with minimal facilities. One could also see a few bungalows or row houses which is also now sold out to builders at booming rates and the skylines are now crowded with tall towers. Though there is rapid urbanization Mumbai still has its heritage intact and that is seen with the vast playgrounds. Many clubs are keen to develop land into golf clubs and recreation.

Malls and multiplexes are also growing at an alarming rate and the earlier system of shopping is now being replaced with impulsive purchase. This shows a clear change in lifestyle by people who also look out for super market amenities while purchasing a home. Modern complexes also have a servant's toilet in each floor, state of art security system, modulated elevators and a sound administration that renders the colony a sanitized look.

The market is showing scaling in terms of sale-purchase in seconds flats and there is more interest in people looking for rented homes. The earlier stagnant

M/S CHAMPALAL K .VARDHAN & CO

market is now gearing for a change with new constructions showing interesting amenities which are now getting affordable.

PROJECTS:
Completed Projects Projects Vardhman Nagar Shree Vardhan Neelam Centre Solaris Vardhman Industrial Estate Shanti park Neelam Apartment Adarsh Nagar Jal Darshan Sanskriti Sidhanchal Darshan Shatrunjay Darshan Arvind Kunj Adarsh Industrial Estate Angan Neelam Nagar Jijamata Co-op Hsg. Soc. Ltd. Sumangal Sanskar Shree Vardhan Star Mall Atria Mall Sudha Park Location Mulund (west) Breach Candy Worli Andheri (East) Dahisar (West) Ghatkopar (East) Bandra Thane Bandra (West) Malad (East) Byculla Byculla Tardeo Andheri (East) Sion Mulund (East) Race course Mulund (East) Mulund (East) Mulund (East) Dadar (West) Worli Ghatkopar (East) Total BUA 230000 35000 110000 435000 130000 275000 49000 100000 28000 35000 45000 150000 38000 110000 35000 1100000 40000 30000 200000 35000 90000 250000 400000

M/S CHAMPALAL K .VARDHAN & CO

Vardhman Estate Lalbaug 90000

Ongoing and Future Projects Projects Spa Tower Solstice (Kamraj Nagar) Spiro Tower Neelam Shankala Neelam Heights Mahavir Heights Neelam Unity Atria Annex Neelam Shankala Saturnina Senroofs Shree vardhan Annex Spiro Annex Brief Profile: 1st Company Name: M/S Champalal K Vardhan & Co Location Mazgaon Ghatkopar (East) Mulund (East) Lower Parel Kemps Corner Kemps corner Nana Chowk Worli Mahalaxmi Mulund (East) Nahur (East) Nepean Sea Road Mulund (East) Total BUA 300000 6300000 45000 50000 75000 100000 200000 400000 200000 400000 1500000 250000 100000

PAN No AAAFC0338D

Constitution:

Partnership Firm.

Date of Incorporation: 30/12/1998.

Address:

Registered Office: Champalal K. Vardhan & CO, 322, Commerce House, 140, N.M Road, Fort, Mumbai - 400023.

Activity:

Real Estate, Construction & Development.

Partners:

Mr. Champalal Kishorechandra Vardhan Pan No AACPV5679G

M/S CHAMPALAL K .VARDHAN & CO

Profit sharing ratio 23%

Mr. Ummedraj Kishorechandra Vardhan Pan No ABSPV4397G Profit sharing ratio 33% Mr.Kunal Champalal Vardhan Pan No AAAPV6964A Profit sharing ratio 22% Mr. Karan Champalal Vardhan Pan No ADMPV4311N Profit sharing ratio 22% Credit Facilities: NIL Type General Current

Present Banker:

Oriental bank of commerce Fort, Mumbai-400001

Brief Profile of the Company:

Past Financial Performance:

M/S Champalal K Vardhan & Co (In Rs. Lacs)

M/S CHAMPALAL K .VARDHAN & CO

2007-08 (Audited ) Work in Progress (Project) 2008-09 (Audite d) 2009-10 (Audited ) 2010-11

1905.15

2903.96

4610.70

--

PBT

0.02965

0.02313

25.17

DEP

35.69

47.74

67.098

92.45

Interest paid

119.41

198.06

28.42

339.29

2nd Company Name:

Neelam Finance (Bombay) Private Ltd.

PAN No AAACN6355J

M/S CHAMPALAL K .VARDHAN & CO

Constitution:

Private Ltd.

Directors:

Mr. Champalal Kishorechandra Vardhan Pan No AACPV5679G Mr. Ummedraj Kishorechandra Vardhan Pan No ABSPV4397G Mr.Kunal Champalal Vardhan Pan No AAAPV6964A Mr. Karan Champalal Vardhan Pan No ADMPV4311N

Date of Incorporation: 26/04/1996

Address:

Registered Office: 313, Commerce House, 140, N.M Road, Fort, Mumbai - 400023.

Credit Facilities:

NIL Type General Current

Present Banker:

Oriental bank of commerce Fort, Mumbai - 400001.

Present proposal:

60 Cr.

M/S CHAMPALAL K .VARDHAN & CO

Funding options India bulls) LRD / Loan Against Property (Takeover from

Loan Taken: INDIA BULLS

Name of the Borrower M/s Champalal K. Vardhan & Company

Program ( LRD, TL, Auto Loan, Mortgage etc) Working Capital Requirement

Amount Sanctioned

Amount Disbursed

Rate of Interest

Disburse ment Date

Maturity Date

Loan Tenor

450000000. 0

150000000. 0

16.0

26.10.2010

25.10.2015

5 years

SECURITY OFFERED:

STAR MALL Add : Final Plot No 103, 104, TPS IV , Mahim Division, Known as Star Mall, situated at NC kelakar road Dadar (W) Mumbai 400028 AREA : 65000 sqft Built up Name Of Property Owner/s : M/s Champalal K Vardhan & Co Type Of Property : Commercial

REVENUES:

M/S CHAMPALAL K .VARDHAN & CO

Sr. No.

Project Name

Type

Approx. Saleable Area (Sq. Ft.)

Total Units Units Booked

Est. Sales Price per Sq. ft.

Est. Revenue

O/s Member Coll.

Per month coll.

1 2 3

Solstice (Neelam Finance) Senroofs (Pioneer Housing) Spiro (Star Premises) Sudha Park (Pioneer Costruct)

Residential Residential

6300000 1500000 45000

1500 172 16

23 114 2

8000 10000 10000

178480000 13911600000 292580000

1351290 00 164227532

3569600 695580000

Residential

3000000

14629000

Residential

400000

379

368

6000

2400000000

86212500

60000000

COSTS:

Sr. No.

Project Name

Type

Approx. Saleable Area

Total Units

Total Project Cost

Cost incurred till date

Member Coll. Till date

Bal. Cost to be incurred

1 2 3 4

Solstice Senroofs Spiro Sudha Park

Resdtl Resdtl Resdtl Resdtl

6300000 150000 45000

1500 172 16

338610177 3010000000 112500000

338610177 4406000000 33419926

43351000 247434492 9550000 2376330000

18817830000 -1396000000 79100000 20000000

400000

379

1000000000

980000000

M/S CHAMPALAL K .VARDHAN & CO

MONTHLY RENTAL INCOME:

SR. NO

OWNER NAME

PARTY NAME

GROSS MONTHL Y RENTAL

TDS 10%

Net Monthl y Rental.

Agr eem ent Dat e 1/04 /201 2 24/0 5/20 07 16/0 6/20 05 22/1 1/20 11 12/0 7/20 10 25/0 9/20 09 24/0 5/20 07

Ter mina tion Date

CHAMPALAL K VARDHAN

M/S MSH SAREES PVT. LTD

131461.0 0

13146.1

118314. 90

1/10/ 2014

MAJOR BRANDS (INDIA) PVT. LTD

241012.0 0

24101.2

216910. 80

15/0 8/20 15 25/0 5/20 14 30/0 9/20 14 31/0 5/20 13 24/0 8/20 13 22/0 2/20 16

SPORTS STATION INDIA PVT. LTD

136517.0 0

13651.7

122865. 30

TAN CLOTHING

25415.00

2452

22963.0 0

R.M.X JOSS URMILA C VARDHAN

56180.00

5618

50562.0 0

KRISHIV IMPEX PVT. LTD FASHION BRANDS INDIA PVT .LTD

13238.00

1323.8

11914.2 0

234832.0 0

23483.2

211348. 80

KUNAL C VARDHAN

M/S LMG BRANDS INDIA PVT.LTD

206923.0 0

20692.3

186230. 70

1/05 /201 2

01/0 5/20 15

M/S CHAMPALAL K .VARDHAN & CO

FASHION BRANDS INDIA PVT. LTD 24/0 5/20 07 24/0 5/20 07 16/0 6/20 11 15/0 7/20 06 27/1 2/20 11 16/0 6/20 05 20/0 3/20 09 13/0 1/20 11 01/0 3/20 12 3/03 /201 2 01/0 3/20 12 22/0 2/20 16 15/0 8/20 1 15/0 6/20 14 13/0 8/20 18 01/1 0/20 14 25/0 5/20 14 19/0 2/20 14 14/0 1/20 15 31/0 1/20 15 02/0 3/20 15 31/1 2/20 14

234832.0 0

23483.2

211348. 80

KARAN C VARDHAN

MAJOR BRANDS PVT LTD

225839.0 0

22583.9

203255. 10

EVANGLOS

196630.0 0

19663

176967. 00

NEHA C VARDHAN

BROOK TRADING CO. PVT. LTD

146068.0 0

14606.8

131461. 20

KASHMIRA ART BAZAAR

40747.00

4075

36672.0 0

NEELAM C VARDHAN

SPORTS STATION INDIA PVT. LTD

136517.0 0

13651.7

122865. 30

MANJU U VARDHAN

PUMA SPORTS INDIA PVT. LTD GITANJALI SALASAR RETAIL PVT LTD LIFESTYLE INTERNATION PVT LTD

213717.0 0

21371.7

192345. 30

903430.0 0

90343

813087. 00

CHAMPALAL K. VARDHAN & CO.

926840.0 0

92684

834156. 00

SIMPLEX BEAUTY CENTRE

123000.0 0

12300

110700. 00

SAP MOBILE Mc Donalds( From july) China Yok( From july) 9 SANSKAR REALTORS PVT. LTD PARAM CONCEPT

100000.0 0 1500000. 0 900000.0 0 41573.00

10000 15000 90000 4157

90000.0 0

37416.0 0

01/0 8/20 11

01/0 8/20 14

M/S CHAMPALAL K .VARDHAN & CO

4334771. 00 390138 3.40

TOTAL RS.

---------------------------------------------------------------------------------------Individual Financial Status ----------------------------------------------------------------------------------------

1. Mr. Champalal Vardhan (In Rs. Lacs)

2007-08 (Audited)

200809 (Audite d)

200910 (Audite d)

201011

Agricultur e Income

2.06

1.45

1.49

1.93

By Flat rent

70.55 48.00 48.78 99.60

Rental income

59.54 99.48 93.45 74.00

Net profit

831.39

609.29

573.81

1001.76

M/S CHAMPALAL K .VARDHAN & CO

2. Mr. Karan Champalal Vardhan (In Rs. Lacs)

2007-08 (Audited)

200809 (Audite d)

200910 (Audite d)

201011

Salary Atria-Ad display pvt ltd

10.80 24.00 20.00 10.80

Rental income

49.21

48.14

36.00

24.65

To balance C/f

10.00

31.64

26.27

18.71

M/S CHAMPALAL K .VARDHAN & CO

3. Mr. Ummedraj K.Vardhan (In Rs. Lacs)

2007-08 (Audited)

2008-09 (Audite d)

200910 (Audite d)

201011

By bank Interest

0.61

0.69

0.81

0.47

Rental income

20.97

24.25

7.42

Net Profit

685.89

219.74

401.82

428.04

M/S CHAMPALAL K .VARDHAN & CO

4. Mr. Kunal Champalal.Vardhan (In Rs. Lacs)

2007-08 (Audited)

200809 (Audite d)

200910 (Audite d)

201011

Salary Atria-Ad display pvt ltd

6.00

6.00

6.00

Rental income

49.95

29.93

47.67

46.97

To balance C/f

101.12

124.48

707.75

737.77

M/S CHAMPALAL K .VARDHAN & CO

Financials of Neelam finance (Solstice Project)

(In Rs. Lacs) 2007-08 (Audited ) Interest Received 2008-09 (Audite d) 3.31 2009-10 (Audited ) 4.10 3.40 2010-11

PBT

3.31

3.40

4.65

DEP

1.88

2.73

3.10

16.62

Interest paid

9.97

9.76

91.08

M/S CHAMPALAL K .VARDHAN & CO

Pioneer Constructions & Consultants (Sudha Park)
(In Rs. Lacs) 2007-08 (Audited ) Income 2311.55 2008-09 (Audite d) 2009-10 (Audited ) 716.62 2481.91 2010-11

PBT

1843.00

688.18

2493.83

DEP

0.41

2.13

0.26

Interest paid

0.01

0.40

Star Premises (Spiro Project)

M/S CHAMPALAL K .VARDHAN & CO

(In Rs. Lacs) 2007-08 (Audited ) Interest Received 2008-09 (Audite d) 2009-10 (Audited ) 0.59 0.07 2010-11

PBT

0.07

0.59

DEP

Interest paid