90
we do. The principal competitive factors affecting our developments generally include the product type, product
mix, design structuring of the projects, the location of the properties, the marketing strategies, pricing scheme
adopted by the developers, and the timing of the launch of the property projects. Moreover, as we seek to
diversify into new geographies, we face the risk that some of our competitors who have a pan-India presence
while our other competitors have a strong presence in the regional markets. Competitive overbuilding in certain
markets may have a material adverse effect on our operations in that market.
Health, Safety and Environment
We are committed to complying with applicable health, safety and environmental regulations and other
requirements in our operations. To help ensure effective implementation of our safety polices and practices, at
the beginning of every property development, we identify potential material hazards, evaluate material risks and
institute, implement and monitor appropriate risk mitigation measures. We believe that accidents and
occupational health hazards can be significantly reduced through the systematic analysis and control of risks
and by providing appropriate training to management, employees and sub-contractors. We seek to
work
proactively towards minimizing or eliminating the impact of hazards to people and the environment.
Information Technology
We seek to use the latest and/or updated IT systems to maintain our data integrity and reliability. We see
information technology as an important component of our execution and delivery model. We rely upon our
process and system for various administrative functions such as preparation of estimates, raising of purchase
requisitions, sales and customer relation management (CRM), invoice billing, procurement of material through
purchase orders and receipt of goods across our various departments and project facilitates, human resource
management, finance and accounting and generation of reports and information for our management.
Our Employees
Our employees contribute significantly to our business operations. As on July 31, 2011, we had 14 Employees.
Apart from above, Our Company also avail the services of Electrical Consultants, Plumbing Consultants,
Landscaping Designers, etc. on contract basis. Our permanent employees include personnel engaged in our
Management, Administration, Project Planning, Design, Execution and Monitoring, Legal, Accounts and
Finance. The breakup of our employees in terms of department is set forth below:
Department
No. of Employees
Project Execution and Monitoring
6
Accounts, Finance and Legal
4
Administration
4
Total
14
Intellectual Property
We do not own any intellectual property as on the date of filing of Draft Letter of Offer. However, Our
Company uses the registered Trademark “Rodium” owned by one of the promoter of Our Company i.e. Mr.
Deepak Chheda, who has given his NOC for use of the said Trademark.
Insurance
Our operations are subject to risks inherent in the real estate development industry, such as risk of equipment
failure, work accidents, fire, earthquake, flood and other force majeure events, acts of terrorism and explosions
including hazards that may cause injury and loss of life, severe damage to and the destruction of property and
equipment and environmental damage.
We obtain standard fire and special perils policies for the construction of buildings to cover construction risks
and third party liabilities for the duration of the property development. We generally maintain insurance
covering our assets and operations at levels that we believe to be appropriate. We also maintain a workmen’s
91
compensation policy which covers our employees for any injury or disease in suffered in the course of their
employment.
Properties
Details of Properties owned / leased by Our Company
As on the date of filing this Draft Letter of Offer, we own land of varying size at Juhu- Vile Parle and Matunga
in Mumbai, Maharashtra for the purpose of setting up our X’czar and X’enus project respectively, the further
details of which are given in this section under the heading “Land Reserve” on page no. 91.
In addition, we have taken on lease the following properties:
Sr.
No.
Type of Interest
in Property
Description of Property
Duration of
Lease
Remarks
1
Leave and License
Agreement
Plot
No.
636,
501,
X’cube, Off New Link
Road,
Andheri
(W),
Mumbai-400053
60
months
commencing
from August
10, 2010.
Registered
Office
Premises
admeasuring 850 square feet
2
Leave and License
Agreement
Plot
No.
636,
401,
X’cube, Off New Link
Road,
Andheri
(W),
Mumbai-400053
60
months
commencing
from August
20, 2010.
Office Premises of our Company
admeasuring 1625 square feet with an
open terrace admeasuring 1022 square
feet adjoining the said premises
3
Leave and License
Agreement
Plot
No.
636,
402,
X’cube, Off New Link
Road,
Andheri
(W),
Mumbai-400053
60
months
commencing
from August
20, 2010.
Office Premises of our Company
admeasuring 1087square feet with an
open terrace admeasuring 1022 square
feet adjoining the said premises
Land Reserve
Our total land area comprises the land area allocated to our Ongoing and Planned Projects. It consists of lands
(a) in relation to which the Company has title, either directly or indirectly; (b) in relation to which we have
entered into memorandum of understanding/agreements to acquire/letters of acceptance; and (c) for which
development agreements have been entered into by the Company.
Sr.
No.
Land Category Wise
Land
Area (In
Sq. Ft.)
% of
Total
Estimated
Developable
Area (Sq. Feet)
% of
Developable
Area
Estimated
Saleable Area
(Sq. Feet)
% of
Saleable
Area
1
Land Owned by the
Company
13991.53
21.56%
92,323
29.01%
53,614
37.78%
(i) By Itself
X'czar
1
8,109
12.50%
50,649
15.92%
37,532
26.45%
X'enus
2
5882.53
9.06%
41,674
13.09%
16,082
11.33%
(ii) Through Other
Entities
0
0.00%
0
0.00%
2
Land over which the
Company has sole
development rights
50,903.19 78.44%
225892
70.99%
88,268
62.22%
(i) By Itself
X'enus
3412.19
5.26%
20,837
6.55%
8,041
5.67%
X'point
3
47,491
73.18%
2,05,055
64.44%
80,227
56.55%
(ii) Through Other
Entities
0
0.00%
0
0.00%
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