REAL ESTATE

Ackruti City Limited

Incorporated in 1989 by Mr. Hemant Shah and Mr. Vyomesh Shah, ACL is a construction and real estate group involved in the development, sale and lease of commercial, residential, retail, and industrial property. It operates in several real-estate verticals such as Residential, Commercial, IT Parks, SEZs, SRA, Biotech Parks, Retail and Hotels. Its operations are focused primarily in Western India - Mumbai, Pune, Thane, Ahmedabad, Vadodara and Surat. In Mumbai, the company has a major presence in Central & Western suburbs covering ~80% of their area under construction in the city. ACL executes projects both on its own and through Joint ventures with other developers.

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Brassco Estate Pvt. Ltd.

Brassco Estates Private Limited (Brassco) is an associate company of Amtek Auto Limited (19% shareholding). Promoter, Mr. Arvind Dham & family hold balance stake in the company. Brassco is engaged in manufacturing, fabrication, distribution and imports & exports of automotive engine parts and spare parts of tractors, automobiles, locomotives, etc. It undertakes design, manufacturing, marketing and maintenance of components and machinery for automobiles, aircraft etc including devices for transport machinery. It also provides services for setting up integrated forging manufacturing and marketing facilities.

For the period ended May 31, 2010, Brassco posted a PAT of 0.46 crore on net sales of ` 1.22 crore as against a PAT of ` 0.22 crore on net sales of 0.59 crore for the year ending March 31,2009. (For summary financials of Brassco, please refer Annexure I) Brassco proposes to issue secured NCDs for ` 440 Crore and utilize the proceeds for investment in the Amtek Group Companies. Amtek Auto Ltd., the flagship Company of the Group will provide an unconditional and irrevocable undertaking to purchase the shares acquired out of the issue proceeds.

The rating for the said NCDs factors, inter alia, the Amtek Auto’s established position in the auto component segment, integrated global operations, diverse product profile and healthy financial profile. The rating is however tempered by the company’s presence in the highly competitive and fragmented auto component industry and concentration of revenues from the automobile segment.

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Lodha Developers Ltd.

Established in 1995, Lodha Developers Ltd is one of India’s premiere real estate developers. It is promoted by Mr. Mangal Prabhat Lodha, Mr. Abhishek Lodha and Mr. Abhinandan Lodha. LDL, the flagship company of the group is primarily focused on the Mumbai real estate market and operates in both residential and commercial real estate segments.

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Parsvnath Developers Ltd.

Parsvnath Developers Ltd (PDL), promoted by Mr. Pradeep Jain in the year 1990, is one of India’s leading real estate developers. It has a diversified portfolio which includes Integrated Townships, Group Housing, Commercial Complexes, Hotels, I.T. Parks, BOT Projects with DMRC, SEZs and 3rd Party Contracting. PDL has pan India presence

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Puravankara Projects Ltd.

Puravankara Projects Ltd (PPL) was incorporated in the year 1986 as Puravankara Constructions Pvt. Ltd in Mumbai. The company was converted into a public limited company and the name was changed to Puravankara Projects Ltd in 1992. The company got listed on BSE and NSE in 2007. PPL is promoted by Mr. Ravi Puravankara (Chairman and Managing Director) who holds around 90% of equity shares in the company. PPL is engaged in the development and construction of residential and commercial properties. It has presence in both premium and affordable housing segment under the brands - Purva and Provident respectively.

It has a major presence in South India and has executed various projects across Bengaluru, Chennai, Hyderabad, Cochin, Kolkata, Coimbatore, Mysore and Mumbai. Until now PPL has executed 34 residential projects and has 14 ongoing residential and 2 commercial projects. The company also has presence in Colombo and United Arab Emirates (UAE) and has a representative office in United Kingdom and USA. PPL has been awarded the Finaliste, International Prix d’ Excellence for its residential project “Purva Park” in Bengaluru by FIABCI, Paris, the International Federation of Real Estate and it also got a Plaque for excellence in financial reporting for FY08 from the Institute of Chartered Accountants of India (ICAI).

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Rohan Builders and Developers Pvt. Ltd.

Rohan Builders & Developers Pvt Ltd (RBDPL) is the flagship company of Rohan Group in the real estate segment and was incorporated in the year 2001. RBDPL has completed construction of around 24 residential real estate projects concentrated in Pune (~90%) and few projects in Bengaluru. The company is also planning to execute few projects in Mumbai. The Company markets its products under brand names – “PLUS Homes” (Perfect ventilation, Lively light, Utmost privacy and Smart space), “Eco Homes”, “Smart Homes” and “Open Homes” with a focus on achieving customer satisfaction by offering unique designs, better construction quality and timely delivery.

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Total Environment Living Spaces Pvt. Ltd.

Total Environment Living Spaces Pvt. Ltd. (TELS), an SPV formed in Nov. 2010, is the issuer of the NCD and Total Environment Building Systems Pvt. Ltd. (TEBS) is its parent company, which was established in 1996 by Mr. Kamal Sagar. The parent company is engaged in Construction & Development of Real Estate and Maintenance of buildings with projects located in Bengaluru, Pune and Hyderabad. The business model is based on providing premium residential housing with emphasis on aesthetics & theme based design. The parent company has received many awards and recognition - CNBC Asia Pacific Residential Property Award for Best Architecture in 2009, The Habitat Award for Apartment Planning in 2006 to name a few.

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