Post on 07-Apr-2018
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Assignment on
PRESTIGE ESTATES PROJECTS LIMITED
Submitted by:
Suparna Puthran
(Roll No:17)
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PRESTIGE ESTATES PROJECTS LIMITED
The Company commenced operations as a partnership firm constituted under the Indian
Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and
Properties with its registered office at No. 6, Commercial Street, Bangalore 560 001. The
partners of the firm were the Late S. Razack, Irfan Razack, Rezwan Razack and Sameera
Noaman. The name of the firm was changed to Prestige Estates Projects by a supplementary
deed of partnership dated May 12, 1997. The firm was registered as a private limited company
under Part IX of the Companies Act, 1956, on June 4, 1997 with the name Prestige Estates
Projects Private Limited and was allotted company identification number 08/22322/1997.
Registered Office: Falcon House, No. 1, Main Guard Cross Road, Bangalore 560 001,
Karnataka, India. Tel: (91 80) 2559 1080; Fax: (91 80) 2559 1945 Company Secretary and
Compliance Officer: Lalitha Kini; Website: www.prestigeconstructions.com;
Email:investors@prestigeconstructions.com .
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LEAD MANAGERS
BOOK RUNNING LEAD MANAGERS
Enam Securities
Private Limited
801, DalamalTower Nariman
Point Mumbai 400021 Maharashtra,
India Tel: (91 22)
6638 1800 Fax: (91
22) 2284 6824
Email:
prestige.ipo@enam.
com Investor
Grievance Email:
complaints@enam.
com Website:www.enam.com
Contact Person:Anurag Byas SEBI
Registration No.:
INM000006856
J.P. Morgan India
Private Limited
J.P. Morgan TowerOff. C.S.T. Road
Kalina, Santacruz -East Mumbai 400
098 Maharashtra,
India Tel: (91 22)
6157 3000 Fax: (91
22) 6157 3911
Email:project_jpmf
alcon@jpmchase.c
om Investor
Grievance
Email:investorsmb.jpmipl@jpmorgan.
com Website:www.jpmipl.com
Contact Person:
Anjan Agarwal
SEBI Registration
No.:INM000002970
Kotak Mahindra
Capital Company
Limited FirstFloor, 229
BakhtawarNariman Point,
Mumbai 400 021
Maharashtra, India
Tel: (91 22) 6634
1100 Fax: (91 22)
2283 7517 Email:
prestige.ipo@kota
k.com Investor
Grievance Email:
kmccredressal@kotak.com Website:
www.kmcc.co.inContact Person:
Chandrakanth
Bhole SEBI
Registration No.:
INM000008704
UBS Securities
India Private
Limited 2 NorthAvenue, Maker
Maxity, Bandra -Kurla Complex,
Bandra (E) Mumbai
400 051
Maharashtra, India
Tel: (91 22) 6155
6000 Fax: (91 22)
6155 6292
Email:prestigeconstr
uctions.ipo@ubs.co
m InvestorGrievance Email:
customercare@ubs.com
Website:www.ibb.u
bs.com/corporates/in
dianipo.com Contact
Person: KishoreGam Taid SEBI
Registration No.:
INM000010809
Link Intime IndiaPvt Limited C-13,
Pannalal Silk MillsCompound, L.B.S.
Marg Bhandup(West), Mumbai
400 078
Maharashtra, India
Tel: (91 22) 2596
0320 Fax: (91 22)
2596 0329
Email:pepl.ipo@lin
kintime.co.in
Website:www.linki
ntime.co.in ContactPerson: Sachin
Achar SEBIRegistration No:
INR000004058
Type of security: The type of security provided by Prestige Estate is Equity.
Issue size: The issue size of the company is 57240698.
Face value: The face value is Rs. 10.00
Price band: The price band is between172-183
Date of staring the book building process: 12th Oct 2010
End date: 14th
Oct 2010
Issue Price: The issue price for Prestige Estate is Rs. 183
Floor Price: The floor price for Prestige Estate is Rs. 172
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OBJECTS OF THE ISSUEThe Objects of the Issue are to:
a) Finance our Ongoing Projects and Projects Under Development;
b) Invest in our existing Subsidiaries which investment will be utilized for the construction anddevelopment of our commercial Ongoing Project, retail Ongoing and retail Projects Under
Development undertaken by those Subsidiaries;c) Finance the acquisition of land;
d) Repay certain loans of our Company; and
e) General corporate purposes.
Use of Net Proceeds:
The utilization of the Net Proceeds of this Issue is as follows:
S.No. Expenditure Items Total
estimated
cost
Amounts
deployed/utili
zed as on
September
30, 2009*
Balance to be
deployed as
on September
30, 2009
Amount up to
which will be
financed
from Net
Proceeds of
the Issue
Estimated
Net Proceeds
utilization as
on March 31,
2010 2011 2012
1. Finance ourOngoing
5,909.00
1,150.58
4,758.42 4,758.42 407.00 1,674.13 2,677.29
Projects andProjects underDevelopment
2. Invest in ourexisting
Subsidiaries for theconstruction and
development of
projects
4,436.09
404.00 4,032.09 1,938.59 199.09 1,000.00 739.50
3. Finance theacquisition of land
296.25 82.40 213.85 213.85 75.00 100.00 38.85
4. Repay certain loansof our Company
2,800.00
Nil Nil 2,800.00 750.00 2,050.00 Nil
Means of Finance We intend to utilize the Net Proceeds of the Issue estimated at Rs. [] for
financing the growth of our business. We propose to fund certain of our Ongoing Projects and
Projects under Development completely from the Net Proceeds of the Issue. We also propose to
fund three of our Subsidiaries for the purpose of undertaking the development of one of our
commercial Ongoing Projects, one retail Ongoing Project and one retail Project Under
Development. The funding of these projects is proposed to be made partly from the Net Proceedsof the Issue, partly from debt and partly from contributions to be made by our joint venture
partners. We further propose to fund the acquisition of lands and repayment of loans from theNet Proceeds of the Issue. Our fund requirements and deployment of the Net Proceeds of the
Issue is based on internal management appraisals and estimates. These are based on current
conditions and are subject to change in light of changes in external circumstances or costs, or inother financial condition, business or strategy. In case of variations in the actual utilization of
funds earmarked for the purposes set forth above, increased fund requirements for a particular
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purpose may be financed by surplus funds, if any, available in respect of the other purposes for
which funds are being raised in this Issue. If surplus funds are unavailable, the required financingwill be through our internal accruals through cash flow from our operations, advances received
from customers and/or debt, as required.
We operate in highly competitive and dynamic market conditions and may have to revise our
estimates from time to time on account of new projects, modifications in existing or planneddevelopments, the initiatives we may pursue including any industry consolidation initiatives,
such as potential acquisition opportunities etc. Consequently, our fund requirements may also
change accordingly. Any such change in our plans may require 36 rescheduling of ourexpenditure programs, starting projects which are not currently planned, discontinuing projects
currently planned and an increase or decrease in the expenditure for a particular project or land
acquisition in relation to current plans, at the discretion of the management of the Company. Incase of any shortfall or cost overruns, we intend to meet our estimated expenditure from our cash
flow from operations and/or debt.
Details of the Objects
Finance our Ongoing Projects and Projects under Development
We are currently engaged, among others, in the construction and development of various
residential, commercial, hospitality and retail projects. We intend to utilize the Net Proceeds of
the Issue for three residential projects and one commercial project as part of our Ongoing
Projects and Projects under Development. We propose to utilize Rs. 4,758.42 million from the
Net Proceeds to finance the above projects, as follows:
S. No Project
Name
City
Developabl
e Area
Year in
which the
project
commenced
/will
commence
Estimated
year of
completion
Estimated
constructio
n and
developme
nt costs
Amounts
deployed as
on
September
30, 2009 for
constructio
n and
developme
nt*
Utilization
of Net
Proceeds
towards
constructio
n and
developme
nt cost
1. Prestige
Neptunes
CourtyardCochin
1,080,156 2007 2010 1,735.90 1,025.68 710.22
2. Prestige
White
Meadows 1
1,031,860 2010 2013 2,306.60 91.59 2,215.01
3. Prestige
RoyalWoodsHyderabad
649,999 2010 2013 1,462.50 20.22 1,442.28
4. PrestigeKhodayTowersBangalore
259,417 2009 2011 404.00 13.09 390.91
Total 5,909.00 1,150.58 4,758.42
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Prestige Neptunes Courtyard
Our Company has ownership rights over land measuring approximately five acres in Cochin,
Kerala, having acquired the same from Goshree Islands Development Authority through a sale
deed dated March 31, 2005, on which we are developing one of our residential Ongoing Projects
Prestige Neptunes Courtyard. The total Developable Area for the project is 1,080,156 sq. ft. Theestimated schedule for deployment of Rs. 710.22 million is as follows:
Total construction
development costs
Amounts deployed as on
September 30, 2009*
Amount to be financed
from Net Proceeds
Estimated schedule for
deployment of Net
Proceeds
March 31, 2010 March 31, 2011 March 31, 2012
1,735.90 1,025.68 710.22 300.00 410.22 Nil
The particulars of the break up of the construction and development costs related to Prestige
Neptunes Courtyard are as follows:
S. No. Particulars Total Cost
1. Structural Work 911.00
2. Finishing 322.00
3. Ancillary Services including lifts,firefighting, lighting, sanitation,
electrical, plumbing etc.
394.00
4. Consultancy/Architectural Charges 32.85
5. Interior and Other Works 19.70
6. Miscellaneous 56.35
Total 1,735.90
Prestige White Meadows I:
Our Company has ownership rights over land measuring approximately 9.16 acres in Whitefield,
Bangalore, having acquired the property through various registered sale deeds dated February 14,2006 (two deeds), February 18, 2006, August 30, 2006 and November 14, 2006. On this land, we
are undertaking one of our residential Project Under Development, Prestige White Meadows I.
The total Developable Area of the project is 1,031,860 sq. ft. The estimated schedule for
deployment of Rs. 2,215.01 million is as follows:
Total construction
development costs
Amounts deployed as on
September 30, 2009*
Amount to be financed
from Net Proceeds
Estimated schedule for
deployment of Net
Proceeds
March 31, 2010 March 31, 2011 March 31, 2012
2,306.60 91.59 2,215.01 Nil 672.00 1,543.01
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The particulars of the break up of the construction and development costs related to White
Meadows I are as follows:
S. No. Particulars Total Cost
1. Structural Work 1,356.65
2. Finishing 406.39
3. Ancillary services including lifts,firefighting, lighting, sanitation,
electrical, plumbing etc.
434.19
4. Consultancy/Architectural Charges 67.72
5. Interior and Other Works 27.02
6. Miscellaneous 14.63
Total 2,306.60
Prestige Royal Woods
We have, through a joint development agreement dated July 27, 2007 with Bilquis Hussain
acquired development rights over land measuring 24.43 acres in Hyderabad, Andhra Pradesh, on
which, we propose to develop residential apartments. In terms of the agreement, we are entitledto 50.0% of the constructed area in the project. The total Developable Area for the project is
649,999 sq. ft. The estimated schedule for deployment of Rs. 1,442.28 million is as follows:
Total construction
development costs
Amounts deployed as on
September 30, 2009*
Amount to be financed
from Net Proceeds
Estimated schedule for
deployment of Net
Proceeds
March 31, 2010 March 31, 2011 March 31, 2012
1,462.50 20.22 1,442.28 23.00 285.00 1,134.28
The particulars of the break up of the construction and development costs related to PrestigeRoyal Woods are as follows:
S. No. Particulars Total Cost
1. Structural Work 665.57
2. Finishing 263.59
3. Ancillary Services including lifts,firefighting, lighting, sanitation,
electrical, plumbing etc.
245.72
4. Consultancy/Architectural Charges 36.80
5. Interior and Other Works 102.68
6. Miscellaneous 148.14
Total 1,462.50
Prestige Khoday Towers
Our Company has acquired development rights over land measuring 1.38 acres in Bangalore,
Karnataka from Ramchandra and others under an agreement dated April 19, 2006, over which
we are undertaking one of our commercial Ongoing Projects Prestige Khoday Towers. In termsof the Agreement we are entitled to 48.53 % of the constructed area in the project. The total
Developable Area for the project is 259,417 sq. ft. The estimated schedule for deployment of Rs.
390.91 million is as follows:
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Total construction
development costs
Amounts deployed as on
September 30, 2009*
Amount to be financed
from Net Proceeds
Estimated schedule for
deployment of Net
Proceeds
March 31, 2010 March 31, 2011 March 31, 2012
404.00 13.09 390.91 84.00 306.91 Nil
The particulars of the break up of the construction and development costs related to PrestigeKhoday Towers are as follows:
S. No. Particulars Total Cost
1. Structural Work 251.93
2. Finishing 60.26
3. Ancillary Services including lifts,firefighting, lighting, sanitation,
electrical, plumbing etc.
49.02
4. Consultancy/ArchitecturalCharges
6.43
5. Interior and Other Works 12.85
6. Miscellaneous 23.51
Total 404.00
Means of FinanceWe propose to finance the balance construction and development costs to be incurred for the
projects from the Net Proceeds of this Issue.Investment in our existing Subsidiaries for theconstruction and development of projects We are currently engaged, among others, in the
construction and development of one commercial and two retail projects as part of our Ongoing
Projects and Projects Under Development through our Subsidiaries Prestige Construction
Ventures Private Limited, Prestige Mangalore Retail Ventures Private Limited and Prestige
Shantiniketan Leisures Private Limited respectively. We intend to utilize the proceeds of the NetProceeds of the Issue to invest in our Subsidiaries which investment will be utilized for the
construction and development costs of the projects. We propose to utilize Rs. 1,938.59 millionfrom the Net Proceeds to finance the above projects, as follows:
S. No Particulars Total Amount to be utilized from
Net Proceeds
1. Prestige Construction VenturesPrivate Limited
258.05
Construction of our commercial Ongoing Project Prestige Polygon
2. Prestige Mangalore Retail VenturesPrivate Limited
341.04
Construction of our retail Ongoing ProjectForum Mall, Mangalore
3. Prestige Shantiniketan LeisuresPrivate Limited 1,339.50
Construction of our retail Projects Under Development
Total 1,938.59
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MANAGEMENT
Board of Directors Under our Articles of Association, we are required to have not less than
three and not more than 12 directors. We currently have six directors on our Board. The
following table sets forth details regarding our Board of Directors:
S. No. Name, Fathers Name,
Designation, DIN, Residential
Address, Occupation, Term
Nationality Age
(years)
Other Directorships/
Proprietorships/Partnerships/Trusts
1.
Irfan Razack (S/o. Late S.Razack) Chairman and
Managing DirectorDIN:00209022 21/22-33, Craig ParkLayout M.G. Road, Bangalore560 001 Karnataka, India
Business Term: Appointed onOctober 20, 2009 for a term offive years
Indian 56 Companies1. Babji Realtors Private Limited
2. CapitaRetail Prestige MallManagement Private Limited3. Cessna Garden Developers PrivateLimited
4. Dollars Constructions & EngineersPrivate Limited5. Exora Business Parks Private Limited
6. ICBI (India) Private Limited
7. Kandid Marketing Services PrivateLimited
8. Northland Holding Company PrivateLimited9. Prestige Builders & Developers
Private Limited10. Prestige Garden ConstructionsPrivate Limited11. Prestige Amusements Private
Limited12. Prestige Bidadi Holdings PrivateLimited13. Prestige Construction Ventures
Private Limited14. Prestige Fashions Private Limited
15. Prestige Garden Estates PrivateLimited
16. Prestige Garden Resorts PrivateLimited17. Prestige Golf Resorts PrivateLimited
18. Prestige Leisure Resorts PrivateLimited19. Prestige Mangalore Retail VenturesPrivate Limited
20. Prestige Mysore Retail VenturesPrivate Limited21. Prestige Projects Private Limited
22. Prestige Shantiniketan LeisuresPrivate Limited
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S. No. Name, Fathers Name,
Designation, DIN,
Residential Address,
Occupation, Term
Nationality Age
(years)
Other Directorships/
Proprietorships/Partnerships/Trusts
23. Prestige Valley View Estates Private Limited24. Prestige Whitefield Investment And Developers
Private Limited25. Team United Engineers (India) Private Limited26. Thomsun Realtors Private Limited27. Valdel Xtent Outsourcing Solutions Private
Limited28. West Palm Developments Private Limited
Partnership Firms
1. Albert Properties
2. Bannerghatta Properties3. Brunton Developers4. Castlewood Investments
5. Colonial Estates6. Cunningham Investments
7. Daffodil Investments8. Eden Investments9. Eureka Investments
10. Fifth Avenue11. Hitech Properties12. Morph13. Prestige Constructions
14. Prestige Globe Estates15. Prestige Interiors16. Prestige KRPL Tech Park17. Prestige Notting Hill Investments
18. Prestige Ozone Properties19. Prestige Property Management & Services20. Prestige Realty Ventures21. Prestige Whitefield Developers
22. P.H.R. Developers23. Silverline Estates24. United Agencies25. Xtasy Investments
Trusts1. Educate India Foundation2. India Learning Foundation
3. Razack Sattar Family Trust4. Educate India Trust5. Prestige Foundation
2.
Rezwan Razack (S/o. LateS. Razack)Joint Managing
Director
Indian 54 Companies1. CapitaRetail Prestige Mall Management PrivateLimited
2. Cessna Garden Developers
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S.
No.
Name, Fathers Name,
Designation, DIN, Residential
Address, Occupation, Term
Nationality Age
(years)
Other Directorships/
Proprietorships/Partnerships/Trusts
DIN: 00209060 Burnside, No 12,Magrath Road Bangalore 560 025,
Karnataka, IndiaBusiness Term:Appointed on October 20, 2009
for a term of five years
Private Limited3. Dollars Constructions & Engineers PrivateLimited
4. Exora Business Parks Private Limited5. ICBI (India) Private Limited6. Kandid Marketing Services Private Limited7. Northland Holding Company Private
Limited8. Prestige Builders & Developers PrivateLimited9. Prestige Garden Constructions Private
Limited
10. Prestige Amusements Private Limited11. Prestige Bidadi Holdings Private Limited12. Prestige Construction Ventures Private
Limited13. Prestige Fashions Private Limited
14. Prestige Garden Estates Private Limited15. Prestige Garden Resorts Private Limited16. Prestige Golf Resorts Private Limited
17. Prestige Leisure Resorts Private Limited18. Prestige Mangalore Retail VenturesPrivate Limited19. Prestige Mysore Retail Ventures Private
Limited20. Prestige Projects Private Limited21. Prestige Shantiniketan Leisures PrivateLimited
22. Prestige Valley View Estates PrivateLimited23. Prestige Whitefield Investment &Developers Private Limited
24. Team United Engineers (India) PrivateLimited25. Valdel Xtent Outsourcing SolutionsPrivate Limited
26. West Palm Developments Private Limited
Partnership Firms1. 23 Carat
2. Albert Properties3. Bannerghatta Properties4. Brunton Developers
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S. No. Name, Fathers Name,
Designation, DIN, Residential
Address, Occupation, Term
Nationality Age
(years)
Other Directorships/
Proprietorships/Partnerships/Trusts
5. Castlewood Investments6. Colonial Estates7. Cunningham Investments
8. Daffodil Investments9. Eden Investments and Estates10. Eureka Investments11. Fifth Avenue
12. Hitech Properties13. Morph14. P.H.R. Developers15. Prestige Constructions
16. Prestige Globe Estates
17. Prestige Interiors18. Prestige KRPL Tech Park19. Prestige Notting Hill Investments
20. Prestige Ozone Properties21. Prestige Property Management &
Services22. Prestige Whitefield Developers23. Silverline Estates
24. United Agencies25. Xtasy Investments
Trusts
1. Educate India Foundation2. India Learning Foundation3. Razack Sattar Family Trust4. Educate India Trust
5. Prestige Foundation
3.
K. Jagdeesh Reddy (S/o. Koti
Reddy)Independent Director
DIN: 00220785 Flat B-1,Chartered Court, Rathna Avenue51/B, Richmond Road,
Bangalore 500 025 Karnataka,IndiaBusiness Term: Appointedas an additional director onNovember 10, 2009
Indian 42 Proprietorship Firms1. Madanapalle Motors
4.
B.G. Koshy (S/o. Late GeorgeKoshy)Independent DirectorDIN: 01651513 101-A, 1st Floor
M.B. Centre, 134 Infantry Road,Bangalore 560 001, Karnataka,
India
Indian 61 Companies Koshy Holdings PrivateLimited Firms1. Koshy Holdings
2. Koshy Associates3. Bangalore Estates & Agencies
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S. No. Name, Fathers
Name, Designation,
DIN, Residential
Address,
Occupation, Term
Nationality Age (years) Other
Directorships/
Proprietorships/Par
tnerships/Trusts
Business Term: Appointed as an additional director on November 10, 2009
5.Noor Ahmed Jaffer(S/o. Jaffer AliMohamed)
Independent Director
DIN: 00027646 No.3, 1st Cross, 8th Main,4th Block
Koramangala,Bangalore 560 034Karnataka, India
Business Term:
Appointed as anadditional director onNovember 24, 2009
Indian 60 Companies1. Paper PackagingPrivate Limited
2. Accupak PrivateLimited3. ShimogaInfrastructure Private
Limited
6.
Dr. Pangal Ranganath
Nayak (S/o. PangalSundernath Nayak)
Independent Director
DIN: 01507096 No.
141, 18th Main, 6thBlock, Koramangala,Bangalore 560 095Karnataka, India
Business Term:Appointed as anadditional director on
November 24, 2009
Indian 52 Companies
1. Lotus ClinicalResearch AcademyPrivate Limited2. Norwich Clinical
Services PrivateLimited
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Bankers to the Company:
ABN Amro Bank 8th Floor, Canberra Block, UB City No. 24, Vittal Mallya Road Bangalore
560 001 Karnataka, India Tel: (91 80) 4022 7999 Fax: (91 80) 4112 8621 Email:
parikshit.daga@in.abnamro.com
Punjab National Bank Large Corporate Branch 3rd Floor, Rayala Towers 781-785, Anna Salai
Chennai 600 002 Tamil Nadu, India Tel: (91 44) 6678 5516 Fax: (91 44) 6678 5508 Email:
bo0305@pnb.co.in
Deutsche Bank Ag Raheja Towrers, 26- 27 22 ,M.G. Road, Bangalore 560 001 Karnataka, India
Tel: (91 80) 6693 5638 Fax: (91 80) 2559 5133 Email:parvathy.ramachandran@db.com
Vijaya Bank P.B. No. 9934, No. 34 1st Floor, Hariram Complex K.G. Road, Bangalore 560 009
Karnataka, India Tel: (91 80) 2226 2347 Fax: (91 80) 2225 8699 Email:
ban.kgroad1118@vijayabank.co.in
mailto:parikshit.daga@in.abnamro.commailto:parikshit.daga@in.abnamro.commailto:bo0305@pnb.co.inmailto:bo0305@pnb.co.inmailto:parvathy.ramachandran@db.commailto:parvathy.ramachandran@db.commailto:parvathy.ramachandran@db.commailto:ban.kgroad1118@vijayabank.co.inmailto:ban.kgroad1118@vijayabank.co.inmailto:ban.kgroad1118@vijayabank.co.inmailto:parvathy.ramachandran@db.commailto:bo0305@pnb.co.inmailto:parikshit.daga@in.abnamro.com8/3/2019 A Fm Prestige
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Financial Statement
Balance sheet
Mar '11
Mar '10
Mar '09
Mar '08
Mar '07
Sources of fundsOwner's fund
Equity share capital 328.07 262.50 12.50 12.50 12.50
Share application money - - - - -
Preference share capital - - - - -
Reserves & surplus 1,715.62 365.12 475.50 370.47 121.25
Loan fundsSecured loans 989.23 1,204.85 782.49 706.81 462.70
Unsecured loans 22.75 61.06 101.92 24.69 78.38
Total 3,055.67 1,893.53 1,372.41 1,114.47 674.82
Uses of fundsFixed assets
Gross block 610.25 600.57 530.52 294.14 233.60
Less : revaluation reserve - - - - -
Less : accumulated depreciation 187.33 154.77 121.06 91.26 69.00
Net block 422.92 445.80 409.46 202.88 164.60
Capital work-in-progress 104.91 57.16 49.11 240.87 50.12
Investments 710.26 517.70 458.09 496.64 252.35
Net current assets
Current assets, loans & advances 2,908.93 1,904.71 1,659.37 1,446.09 1,584.82Less : current liabilities & provisions 1,091.36 1,031.85 1,203.62 1,272.01 1,377.08
Total net current assets 1,817.58 872.87 455.76 174.08 207.74
Miscellaneous expenses not written - - - - -
Total 3,055.67 1,893.53 1,372.41 1,114.47 674.82
Notes:Book value of unquoted investments 684.58 517.67 457.26 495.04 248.70
Market value of quoted investments 25.82 0.11 0.82 1.63 3.88
Contingent liabilities 805.32 - - - -
Number of equity shares outstanding
(Lacs)
3280.74 2625.00 125.00 125.00 125.00
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Profit loss account
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
IncomeOperating income 1,385.00 949.67 871.75 953.50 420.30
ExpensesMaterial consumed - - - - -
Manufacturing expenses 976.35 675.12 563.35 765.94 288.72
Personnel expenses 39.06 30.33 26.35 22.32 15.75
Selling expenses - - - - -
Adminstrative expenses 45.80 25.95 99.35 31.98 28.04
Expenses capitalised - - - - -
Cost of sales 1,061.21 731.41 689.05 820.24 332.50
Operating profit 323.79 218.26 182.71 133.26 87.80
Other recurring income 76.48 43.50 17.94 15.77 6.77
Adjusted PBDIT 400.28 261.76 200.65 149.03 94.58
Financial expenses 78.72 66.08 62.87 45.13 20.47
Depreciation 33.23 34.93 30.58 22.26 16.58
Other write offs - - - - -
Adjusted PBT 288.32 160.75 107.20 81.63 57.53
Tax charges 83.51 21.13 30.96 21.18 18.24
Adjusted PAT 204.81 139.62 76.25 60.45 39.29
Non recurring items - - - - -
Other non cash adjustments -1.26 - - 0.33 2.27
Reported net profit 203.54 139.62 76.25 60.78 41.56
Earnigs before appropriation 351.20 385.75 246.12 170.11 109.33
Equity dividend 39.37 - - - -Preference dividend - - - - -
Dividend tax 6.21 - - - -
Retained earnings 305.63 385.75 246.12 170.11 109.33
CRISIL Rating given to the company: DA2+