Executive Summary

Company Name Capital Infratechhomes Private Limited

Address D-23, 3rd Floor, Sector – 63, Noida - 201301, Uttar Pradesh
Sector Construction
Website http://www.capitalathena.com/
Promoters Sidharth Sharma, Naveen Kumar Singh
Promoter Sidharth is a postgraduate in Commerce & Accounts. He possesses around 10
Background years of experience in the field of civil construction and marketing. His prior
experience includes a 5 year stint with Apex Buildcon India Private Limited. He was
also project head of the Earthcon Group in their 150 units housing project “Yuvraj
Residency.” Among other companies, he is also the director of Capital
Infradevelopers Private Limited which has a turnover of Rs. 30 crores.

Naveen is a qualified civil engineer. He stated his stint in the field of real estate as
a land aggregator in Delhi/NCR. He has acquired and developed land for
companies like Reliance, Redington, Red Tape etc. He has been in the construction
industry for the last 7-8 years and has delivered various projects totaling to
250,000-300,000 square feet space. He has also worked as a sub-contractor to
various Government works and has conducted sector development and basic
infrastructure works. Among other companies, he is also the director of Capital
Infradevelopers Private Limited which has a turnover of Rs. 30 crores.
Business Summary The company is into real estate sector working on developing a housing project
named Capital Athena at Greater Noida
Funding Required Rs. 40 crores
Tenor 60 months
Security Mortgage of the existing project and additional agricultural land held by the
promoters

Key Financials
In Rs. lakh Mar’17 Mar’16 Mar’15
Revenue 18.0 5.4 6.7
EBITDA (182.9) (350.4) (171.2)
PAT (264.0) (405.6) (210.6)
Networth* (492.2) (200.2) 235.6
Debt** 21.4 41.4 22.9
Fixed Assets 75.7 102.8 70.7
Inventory 14,197.7 11,684.6 9,475.5
*Net worth has been adjusted to include personal loans from directors
** Debt includes both short term and long term obligations net of promoters’/directors’ loans
Land Details
Total land area: 33,941.8 square meters
Total land cost: Rs. 54.88 crores (payment to be made in 20 half yearly installments till 18/02/2021)
Amount paid as on 30/09/2017: Rs. 34.61 crores
Total overdue as on 30/09/2017 along with increased farmer’s compensation: Rs. 36.91 crores
Total installment not yet overdue: Rs. 13.98 crores
Market value of land: Rs. 200 crores (approx)

Initial total land cost was Rs. 54.88 crores. On account of change in rules related to moratorium, delayed
payments and increased contribution to farmers, the total land cost has gone up to ~Rs. 85 crores. Upon
immediate payment of ~Rs. 9 crores, the company will get NOC to mortgage the land. The promoters
intend to pay this amount of Rs. 9 crores from the existing cash reserves and obtain the NOC. Post NOC,
the property will be available for mortgage to the potential lender. In addition to the existing property,
the promoters have also offered additional agricultural land that they have as collateral for the loan. Rs.
40 crores that the company intends to borrow will be for construction and they need it in a phased
manner. They have also offered to avail the loan based on milestones.

The project is RERA registered with allotted completion date of June 2020 for phase 1 and December
2020 for phase 2.

Project Details
In Rs. lakh
Heads Total Cost Incurred To be Incurred
Land cost 3719.84 1542.23 2177.51
Lease rent 298.11 129.75 168.36
Development & 2550.25 387.00 2163.25
approval cost
Direct cost of 21987.25 6433.00 15554.25
construction
Marketing & admin 1577.88 997.00 580.88
expenses
Finance cost 4418.19 1880.92 2537.27
Contingency cost 442.14 -- 442.14
Advance to suppliers 35.60 677.00 -641.40
Taxes 1525.00 -- 1525.00
Misc. current & fixed 996.00 288.00 708.00
assets
Total 37550.26 12335.00 25215.26

Source of funds Total means Already invested To be invested

Promoter’s 100.00 100.00 --
contribution
Advance from 31105.26 10041.00 21064.26
customers
Quasi capital-temp 188.00 1468.00 332.00
loans
Trade creditors 545.00 726.00 -181.00
Loan from Bank/FI 4000.00 -- 4000.00
Total 37550.26 12335.00 25215.26

Project facts
Total number of flats offered: 860
No of flats sold (as on 30/09/2017): 370
Total sale value of flats: Rs. 16558.3 lakhs
Amount received: Rs. 9502.7 lakhs
Balance receivable from sold flats: Rs. 7055.6 lakhs
Unsold flats: 490
Value of unsold flats: Rs. 29442.0 lakhs