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In Acres 25In SQM 101,171 1 acre =4046.825 S M 4046.825

In Sft 1,089,051 1 acre =43560 Sft 43560

FAR Area (Sft) (Processin Area) 3

FAR Area (Sft) (Non Processin Area) 2Area (Processing Area) (%) 75%

Area (Non Processin Area) (%) 25%

Total Built U Area (Processin Area) 2,450,365 490050

Total Built U Area (Non Processin Area) 544,526

Total Basement Area 1,800,000 Processin

Total Built U Area 2,994,890 2.75 Non Processin

2433.75 2677.125383

Parameters Description IT Park Commercial Office Convention Centre

Classification

(Processing / Non Processing)

Classify each component into Processing or Non

Processing AreaProcessing Processing Processing

Land Area (Acre) Share of Land attributable to each com onent (%) 75% 10.00% 5.00%FAR FAR available as er a rovals 3 2 2

Total Built-u Area (Aft) 2,450,365 217,810 108,905

Su er Area Loadin on the FSI Area in % 20% 20% 20%

Total Leasable Area (Sft) FSI + Loadin 2,940,438 261,372 130,686

Basement % As a % of the total Basement Area 82.32% 6.71% 7.32%

Basement Area In Sft 1,481,706 120,726 131,706

Cost of Construction (On Built up)Cost of construction (INR per Sft) based on Total Built

U Area1,950 2,050 5,467

Basement Cost Cost of construction (INR per Sft) 800 800 800

Cost of Construction in INR 4,778,211,263 446,510,910 595,384,182Cost of Construction (Basement) in INR Sft 1,185,364,800 96,580,800 105,364,800

Cost of Construction (Total) in INR Sft 5,963,576,063 543,091,710 700,748,982

Loaded Cost of Construction

Civil Construction (%) 56.0% 56.0% 56.0%

Plant & Machinery (%) 31.0% 31.0% 31.0%

Operating Permits (%) (if any) 0.5% 0.5% 0.5%

Furnitures & Fixtures (%) (if any) 5.0% 5.0% 5.0%

Design & Consultancy (%) 5.0% 5.0% 5.0%

Software Cost (Fixed Cost) (if an ) 0.5% 0.5% 0.5%Pre Operative Expenses

(% Share of total cost of construction)1.0% 1.0% 1.0%

Contingencies (% Share of total cost of construction) 1.0% 1.0% 1.0%

Date Inputs for TEV ~ SEZ

Area Statement

Total Land Area

Basement Details

Development Plan

Share of Cost of Construction

(Applicable as per each component)

Other Costs

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Phase - I

Total Built u Area under Construction (%) 30.47%

Total Built up Area under Construction (Sft) 1,189,133

(The area entered by client was

based on super area, rather

built up area)

1st Phase Start of Construction (Date) October, 2011

1st Phase End of Construction (Date) September, 2013

Start of Leasing (Date) October, 2013

Construction Schedule (%) Q1 Q2 Q3 Q4

Year 1 2% 5% 8% 15%

Year 2 15% 20% 20% 15%

Phase - 2

Total Built up Area under Construction (%) 69.53%

Total Built up Area under Construction (Sft) 1,261,232





Year 1 2% 3% 10% 15%

Year 2 15% 20% 20% 15%

24

IT PARKS/FACILITIES/OFFICE

24

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Phase - I

Total Built u Area under Construction (%)

Total Built up Area under Construction (Sft)

1st Phase Start of Construction (Date)

1st Phase End of Construction (Date)

Start of Leasing (Date)


Year 1

Year 2

Phase - 2


Total Built up Area under Construction (Sft) 217,810

1st Phase Start of Construction (Date) October, 20131st Phase End of Construction (Date) September, 2015



Year 1 2% 3% 10% 15%

Year 2 15% 20% 20% 15%

Phase - I



1st Phase Start of Construction (Date)1st Phase End of Construction (Date)

Start of Operations (Date)


Year 1

Year 2

Phase - 2





Start of Operations (Date) October, 2013


Year 1 2% 3% 10% 15%

Year 2 15% 20% 20% 15%

Commercial Office

24

Convention Centre

Fill the total number of Months

24


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Phase - I



1st Phase Start of Construction (Date)

1st Phase End of Construction (Date)

Start of Operations (Date)


Year 1

Year 2

Phase - 2



1st Phase Start of Construction (Date) October, 20131st Phase End of Construction (Date) September, 2015

Start of Operations (Date) October, 2013


Year 1 2% 3% 10% 15%

Year 2 15% 20% 20% 15%

24

Service Apartments


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Land Area - Phase (Acres)

Total Land Area (Acres)

Current Land Value (INR Mn.)Land Value Per Acre (INR Mn.)

Total Built up Area (Sft)

Loading on the FSI Area in %

Total Leasable Area (Sft)

Base Cost of Construction (INR per sq. ft of Built-Up Area)

Basement Area (In Sft)

Construction of Cost for Basement (INR per sq. ft of Basement Area

Constructed)

Loaded Cost of Construction (INR per sq. ft of Built up Area)

Contingencies (%)

Pre Lease Admin Expenses (as a % of construction cost)

Pre Lease Marketing Expenses (as a % of construction cost)

Post Lease Admin Expenses (as a % of lease/sale revenue)

Post Lease Marketing Expenses (as a % of lease/sale revenue)

Maintanence Charge (CAM)

Margin on Maintanence

Deductible ~ Repair & Maintenance

No. of Months Rentals For Brokerage

Lease Rents (INR per sft per month) FY011

Car Parking Rental (INR per Bay per month)

Revenue Escalation YoY

Cost Escalation YoY

Lease Escalation on Renewal

Security Deposit (No. of months Rental)

Other Revenues (as a %age of Lease & Parking Revenues)

Area Per Car Park

Processing Area ~ Car Park Area (Sft)

Processing Area ~ No of Car Parks

Processing Area ~ Additional Surface Car Parks

Total Car Parks for Phase ~ 1

Total Car Parks Free

Car Parks Available for Revenue

Vacancy Provision

Revenue Assumptions

General Assumptions

OSE Infrastructure Limited

Base Assumptions

LAND DETAILS

Base Assumptions ~ IT Office ~ Phase I

Cost Assumptions

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25.00

25.00

4,767.50190.70

1,189,133

20%

1,426,960

1,950

728,823

800

2,196

5%

1.50%

2.00%

1.50%

2.00%

12

20.00%

30.00%

2

33

2,500

5%

5%

15%

6

0%

350

728,823

2,082

61

2,143

1,427

716

5%

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Total Built up Area (Sft) 1,261,232

Loading on the FSI Area in % 20%

Total Leasable Area (Sft) 1,513,478

Base Cost of Construction (INR per sq. ft of Built-Up Area) 1,950

Basement Area (In Sft) 748,164


Constructed) 800

Loaded Construction Cost (INR per sq. ft of Built up Area) 2,182

Contingencies (%) 5%

Pre Lease Admin Expenses (as a % of construction cost) 1.50%

Pre Lease Marketing Expenses (as a % of construction cost) 2.00%

Post Lease Admin Expenses (as a % of lease/sale revenue) 1.50%

Post Lease Marketing Expenses (as a % of lease/sale revenue) 2.00%

Maintanence Charge (CAM) 12

Margin on Maintanence 20.00%

Deductible ~ Repair & Maintenance 30.00%

No. of Months Rentals For Brokerage 2

Lease Rents (INR per sft per month) 33

Car Parking Rental (INR per Bay per month) 2,500

Revenue Escalation YoY 5%

Cost Escalation YoY 5%

Lease Escalation on Renewal 15%

Security Deposit (No. of months Rental) 6

Other Revenues (as a %age of Lease & Parking Revenues) 0%

Area Per Car Park 350

Processing Area ~ Car Park Area (Sft) 748,164

Processing Area ~ No of Car Parks 2,138

Processing Area ~ Additional Surface Car Parks 61

Total Car Parks for Phase 2 2,199

Total Car Parks Free 1,513

Car Parks Available for Revenue 686

Vacancy Provision 5%

General Assumptions

Base Assumptions ~ IT Office ~ Phase II

Cost Assumptions

Revenue Assumptions

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Total Room Stock 266

Gross Room Size (Sft) 900

Total Gross Area (Sqm) 20,235

Total Gross Area (Sft) 217,810

Loaded Area 239,591

Cost of Construction Per Room (INR Mn) 4

Construction Cost (INR Per Sft) 4,444


Construction of Cost for Basement (INR per sq. ft of Basement Area 800


Cost Escalation 5%

Contingencies 5%

ARR (INR/Room Night) 4,500

ARR Escalation (Per Annum) 5.00%

Occupancy Rate 80.00%

Food & Beverage Sales (as % of Room Sales) 20.00%

MOD Sales (as % of Room Sales) 5.00%

Spa / Health Club revenues (as % of Room Sales) 5.00%

Room costs (as % of Room Sales) 12.50%

F & B Cost (as % of F & B Sales) 45.00%

Other Expense (as % of F & B Sales) 1.00%

MOD costs (as % of MOD Sales) 40.00%

Spa / Health Costs (as a %age of sales) 40.00%

Administrative expenses (as % of Total Revenue) 2.00%

Maintenance (as % of Total Revenue) 2.00%

Operating expenses (as % of Total Revenue) 10.00%

Marketing costs (as % of Total Revenue) 2.00%

Base Management Fee (% of total revenue) 3.00%

F F & E (as % of Total Revenue) 2.00%

Management Incentive Fee (as % of GOP) 7.50%

Proposed Configuration

Revenue Assumptions

Operating Expenditure Schedule

Other Overhead Expenditure

Base Assumptions ~ Service Apartments

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Total Built up Area (Sft) 108,905


Total Leasable Area (Sft) 130,686




Constructed) 800


Cost Escalation 5%

Contingencies 5%

Base Assumptions ~ Convention Centre

Cost Assumptions

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Loaded Cost of Construction (INR per sq. ft of Built up Area) 2,196

Lease Rents (INR per sft per month) FY011 33







ParticularsCost Index

Revenue Index (5% Growth)

Development Costs

Construction Phasing 100.00%

Construction Phasing - Built up Area (sq. ft) 1,189,133

Loaded Construction Cost (INR Millions) 2,783.73

Pre Lease up Administration Expenditure (INR Mn.) 1.50%

Pre Lease up Marketing Costs (INR Mn.) 2.00%

Contingencies (%) 5.00%

Total Development Costs (INR Mn.) 3,020.34

RevenuesAbsorption Schedule

Pre Committed Area

Post Completion Absorption

Area for Revenues (Pre-Commitments)

Area for Revenues (Post Completion)

Cumulative Area Leased

No of Months Revenues (First Year)

Lease Rents (INR per sft per month)

Lease Rentals 33

Weighted Average ~ Pre Commitments 36

Weighted Average ~ Post Completion 37

Lease Revenues (INR Mn)Pre Commitments

Area Committed in Yr 1


IT/ITeS Office Space ~ Phase I

Revenue Assumptions

100%

1,426,960

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Post Completion







Area Committed in Yr 7Area Committed in Yr 8







Total

Parking Revenue (INR Mns)

Margin on Maintenance (INR Mns)Security Deposit (INR Mns)

Brokerage on Lease (INR Mns)

Other Revenues

Vacancy Provision

Post Lease up Administration Expenditure

Post Lease up Marketing Expenses

Net Cash Flows (INR Mn)

Revenue

Expenditure

GOPRevenue For P & L

Expenditure for P&L

EBITDA (INR Mn.)

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76.41 305.65 305.65

0.00 0.00

0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

23.12 92.47 92.47

227.74 227.74

0.00

0.00 0.00 99.53 625.86 625.86

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0.00 0.00 3.85 24.86 26.11

0.00 0.00 5.57 34.25 34.250.00 0.00 199.06 113.87 0.00

0.00 0.00 (66.35) (37.96) 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 (5.45) (34.25) (34.31)

0.00 0.00 (1.49) (9.39) (9.39)

0.00 0.00 (1.99) (12.52) (12.52)

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

(141.68) (1,785.21) (860.72) 704.74 630.00

0.00 0.00 103.50 650.73 651.91

0.00 0.00 (69.84) (59.86) (21.91)

0.00 0.00 33.66 590.86 630.000.00 0.00 103.50 650.73 651.91

0.00 0.00 (69.84) (59.86) (21.91)

0.00 0.00 33.66 590.86 630.00

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2021-2022 2022-2023 2023-2024 2024-2025162.89% 171.03% 179.59% 188.56%

162.89% 171.03% 179.59% 188.56%

2021-2022 2022-2023 2023-2024 2024-2025

0.00% 0.00% 0.00% 0.00%

0.0 0.0 0.0 0.0

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

2021-2022 2022-2023 2023-2024 2024-2025

0% 0% 0% 0%

0% 0% 0% 0%

0 0 0 0

0 0 0 0

1,426,960 1,426,960 1,426,960 1,426,960

12 12 12 12

54 56 59 62

0 0 0 0

2021-2022 2022-2023 2023-2024 2024-2025

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

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Loaded Cost of Construction (INR per sq. ft of Built up Area) 2,182

Lease Rents (INR per sft per month) 33









Development Costs

Construction Phasing 100.00%

Construction Phasing - Built up Area (sq. ft) 1,261,232

Loaded Construction Cost (INR Millions) 3,256.83

Pre Lease up Administration Expenditure (INR Mn.) 1.50%

Pre Lease up Marketing Costs (INR Mn.) 2.00%

Contingencies (%) 5.00%

Total Development Costs (INR Mn.) 3,533.66

RevenuesAbsorption Schedule

Pre Committed Area

Post Completion Absorption

Area for Revenues (Pre-Commitments)

Area for Revenues (Post Completion)

Cumulative Area Leased

No of Months Revenues (First Year)

Lease Rents (INR per sft per month)

Lease Rentals 33

Weighted Average ~ Pre Commitments 40

Weighted Average ~ Post Completion 45

Lease Revenues (INR Mn)Pre Commitments



IT/ITeS Office Space ~ Phase II

Revenue Assumptions

100%

1,513,478

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sft

INR

INR

INR

INR

Months

Months

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016100.00% 105.00% 110.25% 115.76% 121.55%

100.00% 105.00% 110.25% 115.76% 121.55%

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0.00% 0.00% 2.00% 60.00% 30.00%

0.0 0.0 25,224.6 756,739.2 378,369.6

0.00 0.00 60.68 1,911.57 1,003.57

0.00 0.00 0.91 28.67 15.05

0.00 0.00 1.21 38.23 20.07

0.00 0.00 3.03 95.58 50.18

0.00 0.00 65.84 2,074.05 1,088.88

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0% 0% 0% 0% 20%

0% 0% 0% 0% 0%

0 0 0 0 302,696

0 0 0 0 0

0 0 0 0 302,696

0 0 0 0 0

33 35 36 38 40

0 0 0 0 0

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

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0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

108.97 145.29 145.29 161.64 167.09

0.00 0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00

0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

114.42 152.56 152.56 169.72 175.44

159.82 159.82 159.82 183.80167.09 167.09 167.09

177.99 177.99

0.00

223.39 457.68 624.76 836.26 871.40

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

7.88 16.54 23.15 30.39 31.91

10.90 21.79 29.06 36.32 36.32148.93 79.91 83.54 88.99 0.00

(49.64) (26.64) (27.85) (29.66) 0.00

0.00 0.00 0.00 0.00 0.00

(12.11) (24.80) (33.85) (45.15) (46.98)

(3.35) (6.87) (9.37) (12.54) (13.07)

(4.47) (9.15) (12.50) (16.73) (17.43)

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

16.63 508.46 676.96 887.88 862.15

230.05 471.21 643.13 857.82 892.65

(57.46) (42.66) (49.71) (58.93) (30.50)

172.59 428.55 593.41 798.89 862.15378.98 551.12 726.67 946.81 892.65

(57.46) (42.66) (49.71) (58.93) (30.50)

321.52 508.46 676.96 887.88 862.15

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sft

INR

INR

INR

INR

Months

Months

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016100.00% 105.00% 110.25% 115.76% 121.55%

100.00% 105.00% 110.25% 115.76% 121.55%

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0.00% 0.00% 2.00% 60.00% 38.00%

0.0 0.0 4,356.2 130,686.1 82,767.9

0.00 0.00 12.12 381.93 253.98

0.00 0.00 0.18 5.73 3.81

0.00 0.00 0.24 7.64 5.08

0.00 0.00 0.61 19.10 12.70

0.00 0.00 13.16 414.39 275.57

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0% 0% 0% 0% 20%

0% 0% 0% 0% 10%

0 0 0 0 52,274

0 0 0 0 26,137

0 0 0 0 78,412

0 0 0 0 3

50 53 55 58 61

0 0 0 0 61

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

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0.00 0.00 0.00

0.00 0.00

9.57

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00

4.78

0.00 0.00 0.00 0.00 14.35

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0.00 0.00 0.00 0.00 0.68

0.00 0.00 0.00 0.00 0.590.00 0.00 0.00 0.00 28.70

0.00 0.00 0.00 0.00 (9.57)

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 (0.78)

0.00 0.00 0.00 0.00 (0.22)

0.00 0.00 0.00 0.00 (0.29)

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

0.00 0.00 (13.16) (414.39) (242.10)

0.00 0.00 0.00 0.00 14.84

0.00 0.00 0.00 0.00 (10.07)

0.00 0.00 0.00 0.00 4.770.00 0.00 0.00 0.00 43.54

0.00 0.00 0.00 0.00 (10.07)

0.00 0.00 0.00 0.00 33.47

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2016-2017 2017-2018 2018-2019 2019-2020 2020-2021127.63% 134.01% 140.71% 147.75% 155.13%

127.63% 134.01% 140.71% 147.75% 155.13%

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

0.00% 0.00% 0.00% 0.00% 0.00%

0.0 0.0 0.0 0.0 0.0

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

0% 0% 0% 0% 0%

30% 40% 0% 0% 0%

0 0 0 0 0

78,412 104,549 0 0 0

156,823 261,372 261,372 261,372 261,372

12 12 12 12 12

64 67 70 74 78

64 67 0 0 0

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

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0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

38.26 38.26 39.70 44.00 44.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00

0.00 0.00

0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

19.13 19.13 19.85 22.00 22.00

60.22 60.22 60.22 69.25 69.25

84.06 84.06 84.06 96.670.00 0.00 0.00

0.00 0.00

0.00

117.62 201.67 203.83 219.32 231.93

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

5.74 10.04 10.54 11.07 11.63

4.70 7.84 7.84 7.84 7.8430.11 42.03 0.00 0.00 0.00

(10.04) (14.01) 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

(6.40) (10.98) (11.11) (11.91) (12.57)

(1.76) (3.03) (3.06) (3.29) (3.48)

(2.35) (4.03) (4.08) (4.39) (4.64)

2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

137.61 229.54 203.97 218.64 230.71

121.66 208.58 211.10 226.32 238.82

(14.15) (21.07) (7.13) (7.68) (8.12)

107.50 187.51 203.97 218.64 230.71151.77 250.61 211.10 226.32 238.82

(14.15) (21.07) (7.13) (7.68) (8.12)

137.61 229.54 203.97 218.64 230.71

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2021-2022 2022-2023 2023-2024 2024-2025162.89% 171.03% 179.59% 188.56%

162.89% 171.03% 179.59% 188.56%

2021-2022 2022-2023 2023-2024 2024-2025

0.00% 0.00% 0.00% 0.00%

0.0 0.0 0.0 0.0

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

2021-2022 2022-2023 2023-2024 2024-2025

0% 0% 0% 0%

0% 0% 0% 0%

0 0 0 0

0 0 0 0

261,372 261,372 261,372 261,372

12 12 12 12

81 86 90 94

0 0 0 0

2021-2022 2022-2023 2023-2024 2024-2025

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

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Service Apartments

Proposed Configuration

Total Room Stock 266

Gross Room Size (Sft) 9,688

Total Gross Area (Sqm) 20,235

Total Gross Area (Sft) 217,810

Construction Cost (INR Per Sft) 4,444

Loaded Cost of Construction (INR Per Sft) 4,686



Assumptions

Construction Schedule 100%

Total Construction Cost (INR Mn.) 1,202.95

Contingencies 5%

Total Construction Cost (INR Mn.) 1,263.10

Revenue Assumptions

ARR (INR/Room Night) 4,500

ARR Escalation (Per Annum) 5.00%

Occupancy Rate 80.00%

Room Nights Sold

Revenue Schedule

Room Sales (INR Mn.)

Food & Beverage Sales (as % of Room Sales) 20.00%

MOD Sales (as % of Room Sales) 5.00%

Spa / Health Club revenues (as % of Room Sales) 5.00%

Total Revenue (INR Mn.)

Operating Expenditure Schedule

Room costs (as % of Room Sales) 12.50%

F & B Cost (as % of F & B Sales) 45.00%

Other Expense (as % of F & B Sales) 1.00%MOD costs (as % of MOD Sales) 40.00%

Spa / Health Costs (as a %age of sales) 40.00%

Other Overhead Ex enditure

Administrative expenses (as % of Total Revenue) 2.00%

Maintenance (as % of Total Revenue) 2.00%

Operating expenses (as % of Total Revenue) 10.00%

Marketing costs (as % of Total Revenue) 2.00%

Base Management Fee (% of total revenue) 3.00%

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F F & E (as % of Total Revenue) 2.00%

Total Expenditure (INR Mn.)

Gross Operating Profit

Gross Operating Profit (%)

Management Incentive Fee (as % of GOP) 7.50%

Total Expenditure (incl. management fee)

Gross Operating Profit - Post Management Fee (INR Mn.)

Gross Operating Profit - Post Management Fee (%)

Net Cash Flow

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435

2011-2012 2012-2013 2013-2014 2014-2015100.00% 105.00% 110.25% 115.76%

100.00% 105.00% 110.25% 115.76%

2011-2012 2012-2013 2013-2014 2014-2015

0% 0% 2% 60%

0.00 0.00 22.51 708.98

0.00 0.00 1.13 35.45

- - 23.63 744.43

4,500 4725 4,961 5,209

5.00% 5.00% 5.00% 5.00%

- - -

(Total No of Rooms provided by the client. The loaded

area per room is equivalent to less than 500 sft based

on client inputs.

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(23.63) (744.43)

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1.90 9.42 11.42 12.79 13.43

38.70 192.10 232.73 260.66 273.70

56.23 279.09 338.12 378.70 397.63

59% 59% 59% 59% 59%

4.22 20.93 25.36 28.40 29.82

42.92 213.03 258.09 289.06 303.52

52.01 258.15 312.76 350.30 367.81

55% 55% 55% 55% 55%

(443.03) 258.15 312.76 350.30 367.81

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2020-2021 2021-2022 2022-2023 2023-2024 2024-2025155.13% 162.89% 171.03% 179.59% 188.56%

155.13% 162.89% 171.03% 179.59% 188.56%

2020-2021 2021-2022 2022-2023 2023-2024 2024-2025

0% 0% 0% 0% 0%

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

- - - - -

6,981 7,330 7,697 8,081 8,485

5.00% 5.00% 5.00% 5.00% 5.00%

80.00% 80.00% 80.00% 80.00% 80.00%

77,672 77,672 77,672 77,672 77,672

542.23 569.34 597.80 627.69 659.08

108.45 113.87 119.56 125.54 131.82

27.11 28.47 29.89 31.38 32.95

27.11 28.47 29.89 31.38 32.95

704.89 740.14 777.15 816.00 856.80

67.78 71.17 74.73 78.46 82.38

48.80 51.24 53.80 56.49 59.32

1.08 1.14 1.20 1.26 1.3210.84 11.39 11.96 12.55 13.18

10.84 11.39 11.96 12.55 13.18

14.10 14.80 15.54 16.32 17.14

14.10 14.80 15.54 16.32 17.14

70.49 74.01 77.71 81.60 85.68

14.10 14.80 15.54 16.32 17.14

21.15 22.20 23.31 24.48 25.70

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14.10 14.80 15.54 16.32 17.14

287.38 301.75 316.84 332.68 349.31

417.51 438.39 460.31 483.33 507.49

59% 59% 59% 59% 59%

31.31 32.88 34.52 36.25 38.06

318.69 334.63 351.36 368.93 387.37

386.20 405.51 425.79 447.08 469.43

55% 55% 55% 55% 55%

386.20 405.51 425.79 447.08 469.43

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Rockman Shahpura Multi Product SEZ Financials

Space Assumptions

Space Assumptions No. of Units Capacity Area (sqm)/ unitTotal Area

(sqm)

Total Area

(sft)

Total C&EC 10,098 108,693

Convention, Conference & Meeting Facilities 6,075 65,391Plenary/Convention Hall (Multipurpose/ Divisible in to 4) 1 2,500 1.2 3,000 32,292

Meeting Room # 1 1 100 1.5 150 1,615

Meeting Room # 2 1 50 1.5 75 807

Board Room # 1 1 50 3 150 1,615

Banquet Kitchens /Stores / Receiving 1 30% 3,375 1,013 10,898

Pre-function Areas 1 20% 3,375 675 7,266

Circulation 1 20% 5,063 1,013 10,898

F&B 590 6,355

Coffee Shop 2 60 1.6 192 2,067

Food court with multiple outlets 1 200 1.5 300 3,229

Circulation 1 20% 492 98 1,059

S eciality Areas & Administration 1,680 18,083

Speciality Areas & Administration 1 1 1400 1,400 15,069

Circulation 1 20% 1,400 280 3,014

Public Areas (General Reception/ lobby, Toilets, Ticketing) 5% 417 4,491

Support Areas / Back of the House 1,001 10,779Sho s & Offices 334 3,593

Operating Days 350 Days

Escalation in F&B Revenues 7%

Escalation in Rates (rental for F&B outlets) 5%

Escalation in Rates every 3 years (rental for F&B outlets) 15%

Cost Assum tions

Particulars FY Year 2012 Year 2013 Year 2014 Year 2015Cost Index 100.00% 105.00% 110.25% 115.76%Revenue Index (5% Growth) 100.00% 105.00% 110.25% 115.76%

Capex

Capex

FY 2012 2013 2014 2015

Construction Schedule 0% 0% 2% 50%

Capex INR Mn - - 13.13 344.65

Contingencies 5% - - 0.66 17.23

Total Capex INR Mn 743.48 - - 13.79 361.88

Revenue Pro ections

Convention & Conference ~ Revenue

Category of Events Share of Events Average Utlization Peak Gathering

No. of Days per

Event100-300 Pax. 20% 80% 300 1

300-500 Pax. 70% 80% 500 1

500-1,000 Pax. 10% 75% 1,000 1Above 1,000 Pax. (No. of Events) 12 75% 2,500 2

2012 2013 2014 2015

Total Number of Events per Year Nos. 500 525 551 579

Growth in Number of Events 5%

Revenue INR Per pax 1,200Months 0 0 0 0

Share of Events Average Utlization 2012 2013 2014 2015

100-300 Pax. 20% 80% 100 105 110 116

300-500 Pax. 70% 80% 350 368 386 405

500-1,000 Pax. 10% 75% 50 53 55 58Above 1,000 Pax. (No. of Events) 12 75% 12 13 14 15

Total Number of Events at Convention Centre 512 539 565 594

Overall Revenue Utilization INR Mn. 0.00 0.00 0.00 0.00

Incentives/ Conf/ Meetings ~ Meeting Rooms Unit Y-o-Y Revenues (INR Million )

FY 2012 2013 2014 2015

Capcacity Pax 200 200 200 200 200

Area sqm 375 375 375 375 375

No. of Meetings 150 158 165 174 182

No. of Meetings per room No. 0 0 0 0

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Days of Meeting in a year Avg Days 1 0 0 0 0

Meeting Rooms ~ Revenue

Incentives/ Conf/ Meetings ~ Meeting Rooms Unit Y-o-Y Revenues (INR Million )FY 2012 2013 2014 2015

Capcacity Pax 200 200 200 200 200

No. of Meetings No. 0 0 0 0

No. of Meetings requiring F&B No. 50% 0 0 0 0

Current Rates/ Day (F&B) INR/ pax 900 0.0 0.0 0.0 0.0

Rentals per Room INR/SQM 180 0.0 0.0 0.0 0.0

Incentives/ Conf/ Meetings ~ Total Revenues INR 0.0 0.0 0.0 0.0

F&B Outlets ~ Rentals

F&B Outlets ~ Rental Revenues

FY 2012 2013 2014 2015

Rental INR/ sft/ mth 200.00 0.00 0.00 0.00 0.00

Coffee Shop INR mn - - - -Food court with multiple outlets INR mn - - - -

Total F&B Outlets Rental Revenues INR mn - - - -

Shops & Offices ~ Rental Revenues

FY 2012 2013 2014 2015

Rental (INR per sqmt per month) INR/ sft/ mth 150.00 0.00 0.00 0.00 0.00

Shops & Offices INR mn - - - -

Total Shops Rental Revenues INR mn - - - -

Total Revenues

Total RevenuesFY 2012 2013 2014 2015

Total F&B Revenues INR Mn - - - -

Total F&B Outlet Rental Revenue INR Mn - - - -

Shops & Offices ~ Rental Revenues INR Mn - - - -

Total Revenue INR Mn - - - -

Operating Costs

Operating Costs

FY 2012 2013 2014 2015

Staff Costs as % of Total Revenues INR Mn 4% - - - -

F&B Costs as % of F&B Revenues INR Mn 40% - - - -

General Costs as % of Total Revenues INR Mn 1% - - - -Pro erty O & M as % of Total Revenues INR Mn 2% - - - -

Consumables & Material as % of Total Revenues INR Mn 2% - - - -

Energy Costs as a % of total revenue INR Mn 8% - - - -

Insurance as % of Total Revenues INR Mn 1% - - - -

Marketing Exps as % of Total Revenues INR Mn Variable - - - -

- - 8% 8%

Total Opex INR Mn - - - -

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Year 2023 Year 2024 Year 2025171.03% 179.59% 188.56%171.03% 179.59% 188.56%

2023 2024 2025

0% 0% 0%

- - -

- - -

- - -

2023 2024 2025

856 899 944

12 12 12

2023 2024 2025171 180 189

599 629 661

86 90 94

23 24 25879 923 969

885.39 974.72 1,072.58

2023 2024 2025

200 200 200

375 375 375

269 283 297

90 94 99

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90 94 99

2023 2024 2025

200 200 200

90 94 99

45 47 49

17.0 19.1 21.3

10.4 11.4 12.6

27.4 30.5 33.9

2023 2024 2025

264.50 264.50 264.50

0.55 0.55 0.550.85 0.85 0.85

1.40 1.40 1.40

2023 2024 2025

198.38 198.38 198.38

0.95 0.95 0.95

0.95 0.95 0.95

2023 2024 2025

912.80 1,005.20 1,106.44

1.40 1.40 1.400.95 0.95 0.95

915.15 1,007.55 1,108.79

2023 2024 2025

36.61 40.30 44.35

365.12 402.08 442.57

9.15 10.08 11.0918.30 20.15 22.18

18.30 20.15 22.1873.21 80.60 88.70

9.15 10.08 11.09

18.30 20.15 22.182% 2% 2%

548.15 603.59 664.33

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Project Cash Flows

Net Cash Flows (INR Mn) 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

IT ~ Phase I (141.68) (1,785.21) (860.72) 704.74 630.00 644.90 718.44

IT ~ Phase II 0.00 0.00 (65.84) (2,074.05) (1,088.88) 16.63 508.46Commercial Office 0.00 0.00 (13.16) (414.39) (242.10) 137.61 229.54

Service Apartments 0.00 0.00 (23.63) (744.43) (443.03) 258.15 312.76

C&EC 0.00 0.00 (13.79) (361.88) (303.98) 77.67 208.04

Net Project Cash Flows (INR Mn) (141.68) (1,785.21) (977.14) (2,890.01) (1,447.99) 1,134.97 1,977.25

Development Cost 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

IT ~ Phase I 135.15 1702.95 1043.05 0.00 0.00 0.00 0.00

IT ~ Phase II 0.00 0.00 62.81 1978.47 1038.70 290.84 0.00

Commercial Office 0.00 0.00 12.55 395.30 262.87 0.00 0.00

Service Apartments 0.00 0.00 22.51 708.98 471.47 0.00 0.00

C&EC 0.00 0.00 13.13 344.65 289.50 60.80 0.00

Total Cost of Construction (INR Mn.) 135.15 1702.95 1154.05 3427.39 2062.54 351.63 0.00Contingencies 6.53 82.27 55.81 167.36 100.93 17.09 0.00

Tev Model ~Sez130911

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