Shopper's Stop Limited - Securities and Exchange Board of India

27. Some of our Subsidiaries / Promoters / entites forming part of K Raheja Corp Group,
Residual Entities, Southern Undivided Companies and Entites are loss making
One of our Subsidiaries has reported losses in some of the previous years. The financial
performance for our Subsidiaries is given below:
Profit AfterTax (PAT) Accumulated Losses
xxi
(Rs In 000’s)
Name Of Company 2001 2002 2003 2004 2001 2002 2003 2004
Subsidiaries
Crossword Bookstores Limited (22,524) (18,705) (15,441) (5,455) (26,084) (44,789) (60,230) (65,685)
Some of our Promoters/ entities forming part of K Raheja Corp Group, Residual Entities,
Southern Undivided Companies and Entites have reported losses in some of the previous years.
The financial performance of these companies is given below:
(Rs In Millions)
PAT Accumulated Losses
Name Of Company 2001 2002 2003 2004 2001 2002 2003 2004
K Raheja Corp (CL Raheja Group)
Anbee Constructions Private Limited 9.58 (6.97) (4.89) 6.97 0.003 (4.88)
Avacado Properties & Trading (India) Pvt. Ltd N.A N.A (0.004) N.A N.A (0.004)
Beach Haven Properties Private Limited (0.66) (0.80) (0.67) (8.38) (9.18) (9.85)
Cape Trading Private Limited 8.52 (8.02) (6.18) 2.25 (5.78) (11.95)
Capstan Trading Private Limited 1.48 (7.57) 5.88 (7.24) (14.81) (8.93)
Casa Maria Properties Private Limited 5.40 (6.84) (0.89) 10.14 3.30 2.40
Hornbil Trading Company Private Limited (0.002) (1.56) (0.28) (0.002) (1.56) (0.72)
Ivory Properties & Hotels Private Limited (83.77) (55.57) 26.70 (319.28) (374.85) (371.80)
Inorbit Malls (India) Private Limited (0.80) 0.44 (0.05) (1.05) (0.61) (0.68)
K. Raheja IT Park (Hyderabad) Private Limited N.A N.A N.A(19.10) N.A N.A N.A (19.10)
K. Raheja Private Limited (43.28) (52.13) (2.50) (140.50) (192.63) (188.90)
Louisiana Investments & Finance Private Limited (2.62) (9.94) 6.13 (4.89) (14.84) (3.25)
Mindspace IT Park Private Limited (0.009) (0.009)
Nask Realtors Private Limited (0.005) (0.07) (0.01) (0.005) (0.08) (0.03)
Raghukool Estate Development Private Limited 2.68 (6.76) (6.16) (5.77) (12.53) (18.70)
Rockfort Estate Developers Private Limited (0.03) (0.03) (1.65) (0.03) (0.07) (1.71)
Serene Properties Private Limited (0.009) (0.009)
Carin Hotels Ltd. 0.62 (1.22) 0.09 0.61 (0.61) (0.10)
Touchstone Properties & Hotels Private Limited (0.006) (0.006) (0.005) (0.27) (0.28) (0.28)
Firms
K. Raheja Sales 0.29 (0.23) (0.06) N.A N.A N.A
Southern Entities
Asiatic Properties Limited (26.75) (111.73) (98.9) (151.18) (158.67) (361.82)
Ashoka Apartments Private Limited (0.002) 0.03 (0.003) (0.08) (0.05) (0.06)
Formost Granites Exports Private Limited (0.22) (0.30) (0.04) (2.21) (2.50) (2.55)
K. Raheja Development & Construction Private Limited 0.01 (0.028) (0.02) 1.16 1.15 1.13
K. Raheja Hotels & Estates Private Limited (14.72) 42.04 (4.94) (55.36) (13.32) (18.26)
Others
Amber Apartment Makers Private Limited 0 0 0 (0.01) (0.01) (0.01)
Juhu Beach Resorts Limited (0.03) (73.30) (153.80) 0.46 (72.83) (198.28)
Euroweave Exports Private. Limited. (0.65) (1.87) (0.39) 9.07 7.19 6.80
Nandjyot Properties and Hotels Private Limited 0 0 0 (0.01) (0.01) (0.01)
For more details please refer to page no 82 of this draft Red Herring Prospectus.