Strictly Private and Confidential

Ruparel Realty NCD

Table of Content
Residential
Properties
Selected
Location
Serial No. Particular Page No
1 Executive Summary 3
2 Company Overview 4
3 Transaction Structure 7
4 Project Details
Ruparel Ariana
Ruparel Mirage
10
11
15
5 Project Summary 18
EXECUTIVE SUMMARY
Issue details
Issuer: Shree Sukhakarta Developers Pvt Ltd. (A Ruparel Realty group company)
Amount: INR 65 cr
Term: 42 months
Security: Development rights & cash flows of project Ariana being developed at Sewri
Mortgage of land & cash flows of project Mirage being developed at Bandra
Personal Guarantees of the promoters
Corporate Guarantee & 100% Pledge of Ruparel Developers India Pvt Ltd
(RDIPL)
99% Pledge of Issuer
Security Cover: Minimum of 2 times
Key features
A 3.5 year structured bond secured with more than 2 times cover by hard collateral
Backed by Personal Guarantees of Promoters & Corporate Guarantee of RDIPL
Secured by two High end residential projects situated at Sewri & Bandra.
Strictly Private and Confidential

Company Overview
Ruparel Overview
Ruparel Group is promoted by Mr. Amit Mahendra Ruparel & Mr. Milind
Mahendra Ruparel.
The group started development under the name of M/S Home Builders,
Parent entity of Ruparel Group as a registered partnership established
in 1999
Till date the group has developed four projects namely Shanti Park,
Ruparel Gardens and Mangaldeep, constructed in and around of Nerul &
Belapur & Sea Homes on Palm Beach road
Group has shifted its focus to redevelopment projects in Mumbai and
has a project pipe line of 1.30 mn sft of redevelopment projects in
Mahim, Chembur, Dadar, Shivaji Park, Bandra, Girgoan, Lower Parel
and Matunga.
The is an existing client of Edelweiss and has a proven excellent record
conduct
Sensing the potential of the group IIFL has also funded Rs 70 cr for two
of his projects under development
Currently there are 6 approved and under construction projects
ongoing across Bandra, Sewri, Mahim & Navi Mumbai
Ruparel Realty: Project Overview Current/ Future
Project Name Location Start Date
End
Date
Total Saleable
Area in Sq. Ft
Total Revenue
(Rs Cr)
Sold Area in
Sq. Ft.
Unsold Area
in Sq. Ft.
Sea Palace
Palm beach road- Navi
Mumbai
2011 2014 104,350 136.00 19,250 85,100
The Ridge Mahim, Mumbai 2013 2015 15,000 24.00 - 15,000
Orion Chembur 2013 2017 210,990 230.00 61,345 149,645
Ariana Sewri, Mumbai 2013 2017 302,320 531.00 51,380 250,940
IRIS Mahim, Mumbai 2013 2016 76,742 191.00 - 76,742
Mirage Bandra, Mumbai 2013 2015 30,000 80.00 - 30,000
Total 739,402 1192.00 131,975 607,427
Location Type of Development Plot Area (sq mtrs) Value (Rs Cr)
Dadar Residential Redevelopment 944 30.00
Matunga Mixed use Redevelopment 3911 55.00
Kumbharwada Mixed use Redevelopment 1300 47.00
Lower Parel Residential Redevelopment 1700 30.00
Current Projects
Future Projects
Strictly Private and Confidential
Transaction Structure
Transaction Structure
Issuer Shree Sukhakarta Developers Pvt. Ltd.
Guarantors Mr. Amit Ruparel, Mr. Milind Ruparel, Mrs. Minaxi Ruparel, Mr. Mahendra Ruparel
Objectives of
Issue
1. Meeting project development expenses
2. General Corporate Purposes
Instrument Privately Placed, Secured Redeemable, Non-Convertible Debentures (NCDs)
Issue Amount Rs 65 cr
Face Value Rs 10,00,000 (Rupees Ten lakh only) per debenture
Issue Date 29
th
July, 2013
Repayment 12 equal Monthly Installments of 8.31% investment amount commencing from the end of
the 30th month i.e. 30th January 2016 till the end of 42
nd
month i.e. 30
th
December, 2016
Security 1. Charge over Development Rights of Ariana situated at Sewri Mumbai;
2. Charge over 725 sq mtrs Mirage situated at Bandra W Mumbai;
3. 99% pledge of shares of Issuer
4. 100% pledge of shares of Project Mirage owning company
5. Personal Guarantee of promoters
6. Corporate Guarantee of Ruparel Developers India Pvt Ltd
7. Charge on cash flows of both the projects
Security Cover The Security Cover Ratio shall be maintained at a minimum of 2X
Cash flow Diagram
Sale Proceeds Escrow Account
Waterfall
Payment Schedule
Transaction Structure
Waterfall
Payment of Issue related expenses
Payment of interest on the Debentures
Reserve for payment of interest on Debentures
equal to Three month interest payment
Construction cost of project
Redemption of Debentures

Redemption Dates
% of face Value of the
Debenture to be
redeemed
January 30
th
, 2016
8.31%
February 28
th
, 2016
8.31%
March 30
th
, 2016
8.31%
April 30
th
, 2016
8.31%
May 30
th
, 2016
8.31%
June 30
th
, 2016
8.31%
July 30
th
, 2016
8.31%
August 30
th
, 2016
8.31%
September 30
th
, 2016
8.31%
October 30
th
, 2016
8.31%
November 30
th
, 2016
8.31%
December 30
th
, 2016 8.62%
Total 100.00%
The Issuer have a call option to prepay the issue in
multiples of Rs. 6.5 cr any time after 6 month from the
date of Issue.
Strictly Private and Confidential
Project Details
Ruparel Ariana: Location Overview
Located on Jerbai Wadia Road at
Sewri, Mumbai. The project is in
close proximity to Parel, Dadar E &
Lower Parel.

The project has proximity to social &
civic infrastructure like hospitals
(TATA, Bajaj KEM etc..), schools &
colleges.

The subject site is very well
connected with access to Sewree
Station, Elphinstone Rd Station,
Monorail Station, Dr Ambedkar Road,
Eastern Freeway Etc..


The micro-market is witnessing
supply of multiple projects from
prominent developers such as
Peninsula, Godrej, Bombay Dyeing &
L&T
Ruparel Ariana: Location Map
Ruparel Ariana: Project Profile
Details of Project


- An SRA Project with 0.3 mn sq ft of free sale area
- Approx. 240 units of 2 & 3 BHKs
-65 storied RCC structure with 6 levels of car park and two basements
-The first habitable floor starts after the 7
th
level
Approvals LOI Received.
IOA for full rehab building & CC till plinth received
Sale Building IOA has been received
Start Date May13
Completion Date June17 (Expected)
Area Sold till date 51,380 Sq ft
Achieved price (till date) ~Rs. 15,400 per sq ft (All inclusive price)
Construction status Excavation work completed and foundation work in progress
Amenities Home automation through iPad, Indoor pool with jacuzzi cubes, Ayurveda Spa,
Steam & Jacuzzi, Gymnasium, Club Arena, Library, Billiards Room, Golf Simulation
room, Sky deck caf, Designer Facade with vertical garden & waterfall
Ruparel Ariana: Site Pics
Ruparel Mirage: Location
Located on Pali Hill. The project is
located in the heart of Bandra W.

This area is a very well established
premium neighbourhood in the city
of Mumbai.

The subject site is off the B R
Ambedkar Road

Owing to lack of availability of open
land, the micro-market witnesses
very limited supply of residential
projects.
Ruparel Mirage: Location Map
Ruparel Mirage: Project Profile
Details of Project A single storey building comprising 16 luxury units
Only Two 3 BHK apartments on each floor
Approvals IOD received for the building
Construction Status Demolition of existing structure ongoing
Start Date June13
Completion Date June15 (Expected)
Area Sold Project is yet to be launched
Project Summary
Project Summary Ariana Mirage Total
Saleable Area (Sq. Ft.) 302,320 30,000 332,320
Area Sold (Sq. Ft.) 51,380 - 51,380
Revenue Received from Sold Area (Cr.) 18.00 - 18.00
Revenue to be Received from Sold Area (Cr.) 62.00 - 62.00
Expected Sales Revenue from unsold area (Cr.) 513.00 80.00 593.00
Total Cost of project (Cr.) 264.00 24.00 288.00
Cost incurred (Cr.) 21.00 9.00 30.00
Cost to be incurred (Cr.) 243.00 15.00 258.00
Net Cash flow (Pre Tax) (Cr.) 270.00 65.00 335.00
Disclaimer
This presentation has been prepared on the basis of the information & documents provided by the
Shree Sukhakarta Developers Pvt. Ltd. (Issuer). Edelweiss Group (Edelweiss) do not take
responsibility for the correctness, completeness and authenticity of the information contained in this
presentation. Edelweiss is under no obligations to update the information or this presentation. The
presentations has been prepared to provide an overview of the transaction and is intended for
information and discussion purposes only and may not contain all the information necessary to make
an decision or do not intend to replace independent professional judgment of the recipient. In making
an decision, the recipient must examine the transaction from all aspect including legal feasibility,
merits and risks involved in such transaction. This presentation shall not be construed as and does not
form part of an offer, nor invitation to offer, nor a solicitation or advice or recommendation to or as
any form of commitment to enter into transaction referred to in this presentation, nor is it an official
or unofficial confirmation of terms. The information contained in this presentation is not investment or
financial product advice and is not intended to be used as the basis for making a decision. No
representation or warranty, express or implied, is made as to the legality, accuracy, completeness or
correctness of the information, opinions and conclusions or reasonableness of any projection,
prospects or return contained in this presentation. The information, conclusion, opinions and
projections contained in the presentation are based upon certain assumptions provided by the Issuer,
existing regulatory regime, current market conditions, future events and conditions and is intended
only to illustrate the transaction under those assumptions (not all of which are specified herein). Such
assumption involve
Disclaimer
known and unknown risks, uncertainties and other factors. Actual events or conditions are unlikely to
be consistent with, and may differ materially from, those assumed. In addition, not all relevant events
or conditions may have been considered in developing such assumptions. Accordingly, actual results
will vary and the variations may be material. The information in this presentation does not take into
account the effects of a possible transaction or transactions or any other event, including with
limitation an actual or potential change of regulatory regime. Edelweiss, its directors, employees or
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