MIRA
INFORM REPORT
|
Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
RELIANCE RETAIL LIMITED |
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Formerly Known As : |
RELIANCE
PETROLEUM RETAIL PRIVATE LIMITED |
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Registered Office : |
9th
Floor, Maker Chambers, IV, 222 Nariman Point, Mumbai – 400021, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
17.03.1998 |
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Com. Reg. No.: |
11 - 114010 |
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CIN No.: [Company
Identification No.] |
U17120MH1998PLC114010 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR19886G |
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PAN No.: [Permanent
Account No.] |
AAACR7402E |
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Legal Form : |
A Closely held
Public Limited Liability Company. |
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Line of Business : |
Manufacturers and Marketers of Fabrics,
Polyester Filament Yarn, Polyester Staple Fibres, PTA, LAB, Ethylene Glycol,
PVC, PE, PP, Crude Oil, Gas, Norman Paraffin, Fibre Fill, Ethylene,
Propylene, Benzene, Xylene and Toluene. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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Maximum Credit Limit : |
USD 161603664 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a new Venture of Reliance Industries Limited, Mukesh Ambani
Group, Country’s largest Private Sector Enterprise. Available information
indicates high financial responsibility of the Company. The Company has very large ambitious plans in retail business under
different format. It’s Payment are Correct and as per Commitments. It can be considered good for any normal business dealings. |
LOCATIONS
|
Registered Office : |
9th Floor,
Maker Chambers, IV, 222 Nariman Point, Mumbai – 400021, Maharashtra, India. |
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Tel. No.: |
91-22-30325000/30327000/22785000 |
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Fax No.: |
91-22-30322268 |
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E-Mail : |
d-jain@kellog.northwestern.edu manoj.modi@ril.com |
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Website : |
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Administrative Office : |
Chitrakoot, 2nd
Floor, Shree Ram Mills Compound, Ganpatrao Kadam Marg, Worli, Mumbai – 400
013, Maharashtra |
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Tel. No.: |
91-22-24962780/
24981163/ 24981167/ 24981667-90 |
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Corporate Office : |
Reliance Center, 19,
Walchand Hirachand Marg, Ballard Estate, Mumbai-400038, Maharashtra, India |
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Tel. No.: |
91-22-30327000 |
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Factory : |
v Patalganga
Complex B-4 Industrial Area, Patalganga, Off Mumbai-Pune Road, Near Panvel, Dist.
Raigad – 410 207, Maharashtra State, India. v Naroda
Complex 103/106
Naroda Industrial Estate, Naroda, Ahmedabad – 382 330, Gujarat State, India. v Hazira
Complex Village
Mora, Bhatha P. O. Surat-Hazira Road, Surat – 394 510, Gujarat State, India. v Jamnagar
Complex Village Meghpar/Padana, Taluka Lalpur,
Jamnagar-361280, Gujarat, India |
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Refinery Complex : |
Taluka Lalpur,
District Jamnagar, Gujarat, India. |
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Branches : |
Chitrakoot, Shree
Ram Mills Compound, Ganpatrao Kadam Marg, Worli, Mumbai – 400 018,
Maharashtra, India. |
DIRECTORS
|
Name : |
Mr. Mukesh D.
Ambani |
|
Designation : |
Director |
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Address : |
“Sea Wind”, 39, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra,
India. |
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Date of Birth/Age : |
19.04.1957 |
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Qualification : |
Chemical Engineer from Mumbai University & MBA from Stanford
University, U.S.A. |
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Date of Appointment : |
26.06.2006 |
|
Other Directorship : |
Reliance
Industries Limited L17110MH1977PLC019786 Indian
Petrochemicals Corporation Limited L23200GJ1969PLC001569 Reliance
Petroleum Limited U11100GJ2005PLC048030 Pratham – India
Education Initiative U80101MH2002PLC136300 |
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|
Name : |
Mr. Chandrakant
Shripad Gokhale |
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Designation : |
Director |
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Address : |
A- 301, Falcon
Castle Co-operative Housing Society Limited, Senapati Bapat Marg, Lower
Parel, Mumbai – 400013, Maharashtra, India |
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Date of Birth/Age : |
13.11.1944 |
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Date of Appointment : |
19.03.1998 |
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Name : |
Mr. Subodh
Prakash Sapra |
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Designation : |
Director |
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Address : |
41 Bakhtawar,
Narayan Dabholkar Road, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
21.09.1937 |
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Date of Appointment : |
19.03.1998 |
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|
Name : |
Mr. Rajen
Dwarkadas Udeshi |
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Designation : |
Director |
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Address : |
502, Shanti
Apartments, 5th Floor, 98 Walkeshwar Road, Mumbai – 400006,
Maharashtra, India |
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Date of Birth/Age : |
31.01.1951 |
|
Date of Appointment : |
19.03.1998 |
|
Other Directorship : |
Ranger Farms
Limited U01100MH1999PLC120563 Retail Concepts
and Services (India) Limited U15130MH2003PLC139197 Reliance Retail
Insurance Broking Limited U67200MH2006PLC165651 Reliance Dairy Foods
Limited U15419MH2006PLC165826 RESQ Limited U52599MH2007PLC168275 Reliance Retail
Finance Limited U17110MH2000PLC123731 |
|
|
|
|
Name : |
Mr. Manoj
Harjivandas Modi |
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Designation : |
Director |
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Address : |
Flat No. 7, Best Apartments,
Walkeshwar, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
03.07.1957 |
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Date of Appointment : |
04.03.2006 |
|
Other Directorship : |
Tally Solutions
Private Limited U72200KA1991PTC012483 |
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|
|
Name : |
Mr. Dipak Chand
Jain |
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Designation : |
Director |
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Address : |
915 Hamlin
Street, Evanston, Illinois, 60201, U.S.A. |
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Date of Birth/Age : |
09.06.1967 |
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Date of Appointment : |
04.03.2006 |
|
Other Directorship : |
Reliance
Industries Limited L17110MH1977PLC019786 |
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|
|
Name : |
Mr. Mukesh D.
Ambani |
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Designation : |
Chairman & Managing Director |
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Qualifications : |
Chemical Engineer |
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Date of Appointment : |
Since 1990 |
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|
|
Name : |
Mr. Hital R.
Meswani |
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Designation : |
Executive Director |
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Name : |
Mr. H. S. Kohli |
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Designation : |
Executive Director |
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Experience: |
In implementing and operation of petrochemical complexes. |
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Date of
Appointment: |
01.04. 2000 |
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|
|
Name : |
Mr. Yogendra P.
Trivedi |
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Designation : |
Director |
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Experience : |
In finance & taxation |
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Date of
Appointment: |
16.04.1992 |
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|
|
Name : |
Mr. S.
Venkitaramanan |
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Designation : |
ICICI Nominee Director |
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|
Name : |
Mr. U. Mahesh Rao |
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Designation : |
GIC Nominee Director |
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|
Name : |
Mr. Ramiklal H. Ambani |
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Designation : |
Director |
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|
Name : |
Mr. Mansingh L.
Bhakta |
|
Designation : |
Director |
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|
Name : |
Dr. D. V. Kapur |
|
Designation : |
Director |
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|
Name : |
Mr. M. P. Modi |
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Designation : |
Director |
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|
Name : |
Mr. Ashok Mishra |
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Designation : |
Independent Director |
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Name : |
Mr. Dipak C Jain |
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Designation : |
Additional Director |
KEY EXECUTIVES
|
Name : |
Mr. Sridhar Kothandaraman |
|
Designation : |
Secretary |
|
Address : |
Flat No. 3, 11th Floor, B-4, Millennium Towers, Sector – 9,
Sanpada, Navi Mumbai – 400705, Maharashtra, India. |
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Date of Birth/Age : |
29.12.1972 |
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Date of Appointment : |
16.03.2006 |
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Other Directorship: |
Reliance Leisures Private Limited U29199GJ1994PTC021443 Reliance Satellite Private Limited U64200MH2000PTC127622 Relogistics (Jaipur) Private Limited U72200MH2000PTC127499 |
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|
Name : |
Mr. Vinod M.
Ambani |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 29.09.2005
|
Names
of Shareholders |
No. of Shares |
|
Jubilant Auto
Fuels Trading Private Limited |
1900 |
|
Avalanche Fuels
Private Limited |
1900 |
|
Infinity Fuels Private
Limited |
1900 |
|
Agni Fuels
Private Limited |
1450 |
|
Arthik Commercial
Private Limited |
1900 |
|
Steadfast Fuel
Trading Private Limited |
950 |
|
Total |
10000 |
Equity Share breakup (Percentage of Total Equity)
As on 31.03.2007
|
Sr. No. |
Category |
Percentage |
|
1. |
Bodies corporate (not mentioned above) |
99.99 |
|
2. |
Other fifty (50) shareholders (other than
listed above) |
0.01 |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Marketers of Fabrics,
Polyester Filament Yarn, Polyester Staple Fibres, PTA, LAB, Ethylene Glycol,
PVC, PE, PP, Crude Oil, Gas, Norman Paraffin, Fibre Fill, Ethylene,
Propylene, Benzene, Xylene and Toluene. |
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Products : |
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Brand Names : |
Recron Apparels, Home
textiles Industrial sewing threads,
Automotive Upholstery Recron Fibrefill Sleep Product: Pillows, Cushions, Toys, Quits, Mattresses Recron 3S Construction
Industry (concrere/mortar), asbestos cement
(sheet & pipe), paper industry
(conventional & speciality), battery industry Recron Stretch Denims, shirting, suiting, dress material, T- shirt,
sportswear, swimwear Recron Coutluk Shirting, Suiting, furnishing fabric, curtain and
bed sheet Recron Dyefast Knitted cardigan, decorative fabric & home furnishing Recron Superblack Apparel,
automotive, non-woven & interlling Recron Superdye Woven & knitted apparel, furnishing &
home textile Fiber Intermediates Raw Material Relpet Packing-water,
soft drinks, beverages, confectionery Repol Packaging-Woven
sacks, TQ and BOPP films, Unipol
containers Relene Packaging-woven
sanks, films Reclair Packaging-films,
squeeze bottles Reon Pipes &
fittings, profiles Relpipe Irrigation,
water supply, drainage, industrial effluents,
telecom cable ducts, gas distribution Relab Detergents Vimal Apparels,
fabrics Harmony Furnishing,
home textiles RueRel Apparels,
Fabrics Vimal V2 Apparels,
Fabrics Reance Suits, shirts
& trousers SlumbeRel Sleep products Refining Refinery of
domestic & Industrial Fuel Oil & Gas Refining, power, fertilisers and
petrochemicals |
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Exports : |
|
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Countries : |
v
U.S.A. v
Canada v
U.K. v
Ireland v
France v
Germany v
Spain v
The Netherlands v
Italy v
Greece v
Belgium v
Hungary v
Australia v
New Zealand v
Argentina v
Mexico v
Chile v
Brazil v
Colombia v
Hong Kong v
Singapore v
China |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Refining of Crude
Oil |
Mill. MT |
NA |
27 |
|
Ethylene |
MT |
750,000 |
750,000 |
|
Propylene |
MT |
365,000 |
365,000 |
|
Benzene |
MT |
291,000 |
345,000 |
|
Butadiene and
Other C4s |
MT |
225,000 |
225,000 |
|
Toluene |
MT |
197,000 |
197,000 |
|
Xylene |
MT |
165,000 |
165,000 |
|
Purified
Terepthalic Acid |
MT |
NA |
1350,000 |
|
Polypropylene |
MT |
NA |
1100,000 |
|
Poly Vinyl
Chloride |
MT |
NA |
300,000 |
|
Polyester Staple
Fibre/Polyester Chips |
MT |
NA |
300,000 |
|
High/Linear Low
Density Polyethylene (Swing Plant) |
MT |
NA |
450,000 |
|
Polyester
Filament Yarn/Polyester Chips |
MT |
NA |
197,300 |
|
Mono Ethylene
Glycol |
MT |
300,000 |
300,000 |
|
Higher Ethylene
Glycol |
MT |
37,500 |
37,500 |
|
Ethylene Oxide |
MT |
50,000 |
50,000 |
|
Linear Alkyl
Benzene |
MT |
NA |
115,000 |
|
Man-made Fibre
spun yarn on worsted system (Spindles) |
Nos. |
NA |
24,094 |
|
Man-made Fibre on
cotton system (Spindles) |
Nos. |
NA |
23,040 |
|
Man-made Fabrics
(Looms) |
Nos. |
NA |
323 |
|
Knitting M/C |
Nos. |
22 |
20 |
|
Paraxylene |
MT |
1,646,000 |
1,646,000 |
|
Orthoxylene |
MT |
150,000 |
150,000 |
|
Poly Ethylene Terephthalate |
MT |
NA |
80,000 |
|
Polyester Staple Fibre Fill |
MT |
NA |
30,000 |
|
High Density Polyethylene Pipes |
MT |
NA |
80,000 |
GENERAL
INFORMATION
|
No. of Employees : |
12864 |
|
|
|
|
Bankers : |
Ř ABN AMRO Bank, Mumbai Ř Allahabad Bank, Mumbai Ř Andhra Bank, Mumbai Ř Bank of America, Mumbai Ř Bank of Baroda, Mumbai Ř Bank of India, Mumbai Ř Canara Bank, Mumbai Ř Central Bank of India, Mumbai Ř Citibank N. A., Mumbai Ř Corporation Bank, Mumbai Ř Deutsche Bank, Mumbai Ř Dena Bank, Mumbai Ř HDFC Bank Limited, Mumbai Ř Hongkong Bank, Mumbai Ř ICICI Bank Limited, Mumbai Ř IDBI Bank Limited, Mumbai Ř Indian Bank, Mumbai Ř
Indian
Overseas Bank, Mumbai Ř Oriental Bank of Commerce, Mumbai Ř Punjab National Bank, Mumbai Ř State Bank of India, Mumbai Ř State Bank of Saurashtra, Mumbai Ř Standard Chartered Grindlays Bank Limited,
Mumbai Ř Syndicate Bank, Mumbai Ř Union Bank of India, Mumbai Ř
Vijaya Bank,
Mumbai Ř
HDFC Bank Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra,
India. |
|
|
|
|
Banking
Relations : |
Good |
|
|
|
|
Auditors : |
|
|
Name : |
v Chaturvedi and
Shah, Chartered Accountants A-3, Laxmi Towers, 1st Floor, Bandra- Kurla Complex, Bandra
(East), Mumbai – 400051, Maharashtra, India. v S R Batliboi and
Company, Chartered Accountants 6th Floor, Express Towers, Nariman Point, Mumbai – 400021,
Maharashtra, India. v Chaturvedi and
Shah, Chartered Accountants 714 – 715, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400021,
Maharashtra, India. v Rajendra & Company, Chartered
Accountants INTERNATIONAL
ACCOUNTANTS
v Deloitte Haskins & Sells, Chartered
Accountants |
|
|
|
|
Associates : |
v
Reliance
Life Insurance Company Limited (Subsidiary upto 14th January 2002)
v
Reliance
General Insurance Company Limited (Subsidiary upto 14th January
2002) v
Reliance
Capital Limited v
BSES Limited v
Reliance
Infocom Limited v
Reliance
Communications Infrastructure Limited v
Reliance
Telecom Limited v
Reliance Industrial
Infrastructure Limited v
Reliance
Europe Limited v
Reliance
Ports & Terminals Limited v
Reliance
Utilities and Power Limited v
Reliance
Salgaoncar Power company Limited v
Reliance
Enterprise Limited v
Reliance
Global Trading Private Limited v
Unincorporated
Oil and Gas Joint Venture v
Reliance
Rubber and chemicals Private Limited v
Indian
Petrochemicals Corporation Limited v
Reliance
Petroinvestments Limited (Subsidiary upto 17th April, 2002) v
Eklavya
Mercantille Private Limited v
Bahar
Trading Private Limited v
Bhumika
Trading Private Limited v
Ekansha
Enterprise Private Limited v
Anumati
Mercantille Private Limited v
Sanatan
Textrade Private Limited v
Reliance
Consolidated Enterprises Private Limited v
Pams
Investments and Trading Company Private Limited v
Rajlaxmi
Securities Private Limited v
Fiery
Investments and Leasing Private Limited v
Clarion
Investments and Trading Company Private Limited v
Hercules
Investments Private Limited v
Nikhil
Investments Company Private Limited v
Orson
Trading Private Limited v
Real
Fibres Private Limited v
Jagdanand
Investments and Trading Company Private Limited v
Jagdishvar
Investments and Trading Company Private Limited v
Kankhal
Investments and Trading Company Private Limited v
Kardam
Commercials Private Limited v
Kedareshwar
Investments and Trading Company Private Limited v
Krish
Commercials Private Limited v
Kshitij
Commercials Private Limited v
Nityapriya
Commercials Private Limited v
Priyash
Commercials Private Limited v
Pusti
Commercials Private Limited v
Reliance
Enterprises Limited v
Madhuban
Merchandise Private Limited v
Amur
Trading Private Limited v
Tresta
Trading Private Limited v
Ornate
Traders Private Limited v
Reliance
Chemicals Private Limited v
Reliance
Polyolefins Private Limited v
Lazor
Syntex Private Limited v
Aavaran
Textiles Private Limited v
Reliance
Aromatics and Petrochemicals Private Limited v
Reliance
Welfare Association v
Reliance
Energy and Project Development Private Limited v
Vita
Investment & Trading Company Private Limited v
Reliance
Industrial Infrastructure Limited v
Dainty
Investment & Leasings Private Limited v
Jogiya
Traders Private Limited |
|
|
|
|
Subsidiaries : |
v Vimal Fabrics Limited (formerly – Devti
Fabrics Limited) v Reliance Industrial Investments &
Holdings Limited v Reliance Ventures Limited v Reliance Power Ventures Limited v Reliance Petroinvestments Limited v Reliance Strategic Investments Limited v Reliance LNG Private Limited v Reliance Infocom BV v Reliance Infocom Inc. v Reliance Technologies LLC v Reliance Communications (U.K.) Limited v Reliance Communications Inc. v Gas Transport & Infrastructure Limited |
|
Other
Directorship: |
Reliance
Industries Limited L17110MH1977PLC019786 Indian
Petrochemicals Corporation Limited L23200GJ1969PLC001569 Reliance
Petroleum Limited U11100GJ2005PLC048030 Pratham – India
Education Initiative U80101MH2002PLC136300 |
|
|
|
|
Other
Directorship: |
Ranger Farms
Limited U01100MH1999PLC120563 Retail Concepts
and Services (India) Limited U15130MH2003PLC139197 Reliance Retail
Insurance Broking Limited U67200MH2006PLC165651 Reliance Dairy
Foods Limited U15419MH2006PLC165826 RESQ Limited U52599MH2007PLC168275 Reliance Retail
Finance Limited U17110MH2000PLC123731 |
|
|
|
|
Other Directorship : |
Reliance
Industries Limited L17110MH1977PLC019786 |
CAPITAL STRUCTURE
As on 31.03.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15,000,000,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 150000.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40,51,000,000 |
Equity Shares |
Rs. 10/- Each |
Rs.
40510.000 millions |
After 31.03.2007
|
No. of Shares |
Type |
Value |
Amount |
|
64,91,000,000 |
Equity Shares |
Rs. 10/- Each |
Rs.
64910.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
40510.000 |
2150.500 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(109.084) |
(0.053) |
(0.053) |
|
|
NETWORTH |
40400.916 |
2150.447 |
0.047 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
106.409 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.199 |
|
|
TOTAL BORROWING |
106.409 |
0.000 |
0.199 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
40507.325 |
2150.447 |
0.246 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
838.049 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
6617.125 |
0.179 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3651.825 |
15.070 |
0.236 |
|
|
DEFERREX TAX ASSETS |
56.150 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
192.514
|
0.000 |
0.000 |
|
|
Sundry Debtors |
27.296
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
61.724
|
0.666 |
0.014 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
30925.234
|
2110.200 |
0.000 |
|
Total
Current Assets |
31206.768
|
2110.866 |
0.014 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
1684.181
|
0.661 |
0.006 |
|
|
Provisions |
198.401
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1882.582
|
0.661 |
0.006 |
|
|
Net Current Assets |
29324.186
|
2110.205 |
0.008 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
19.990 |
24.993 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
40507.325 |
2150.447 |
0.246 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
|
|
Sales Turnover |
|
2598.460 |
|
|
Other Income |
|
0.092 |
|
|
Total Income |
|
2598.552 |
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
(165.181) |
|
|
Provision for Taxation |
|
56.150 |
|
|
Profit/(Loss) After Tax |
|
(109.031) |
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
Purchases made for re-sale |
|
2538.196 |
|
|
Salaries, Wages, Bonus, etc. |
|
3.103 |
|
|
Insurance Expenses |
|
0.636 |
|
|
Power & Fuel |
|
8.590 |
|
|
Depreciation & Amortization |
|
20.830 |
|
|
Other Expenditure |
|
192.378 |
|
Total Expenditure |
|
2763.733 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
4.19
|
-- |
-- |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.36
|
-- |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.36
|
-- |
-- |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
-- |
-- |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.05
|
0.01 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
16.58
|
1.00 |
2.33 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
|
This form is for |
Creation of charge |
|
Corporation identity number (CIN) or foreign company registrations number of the company |
U17120MH1998PLC114010 |
|
Name of the company |
RELIANCE RETAIL LIMITED |
|
Address |
9TH Floor, Maker Chambers IV, 222, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Type of Charges |
Movable property (not being pledge) |
|
Whether consortium finance is involved |
No |
|
Whether joint charge involved |
No |
|
Number of charge holder(s) |
1 |
|
Particular of the charge holder |
CIN: L65190GJ1994PLC021012 Name : ICICI Bank Limited Address: Land Mark Race Course Circle, Alkapuri City: Baroda State: Gujarat ISO country code: IN Pin code: 390015 e-mail ID: jyotin.mehta@icicibank.com |
|
Nature or description of the instrument creating or modifying the charge |
Unattested Deed of Hypothecation executed on 30.03.2007 between the Company and ICICI Bank Limited |
|
Date of the instrument creating charge |
30.03.2007 |
|
Whether charge created or modified outside India |
No |
|
Amount Secure by the charge |
Rs. 35.000 millions |
|
Brief particulars of the principal terms and conditions and extent and operation of the charge |
(a) Rate of Interest As per Schedule II to the Unattested Deed of Hypothecation (b) Terms of repayment As per Schedule II to the Unattested Deed of Hypothecation (c) Margin Nil (d) Extent and operation of the charge First and exclusive charge on the vehicles (to be purchased under the loan facility as detailed under Schedule – II) by way of Hypothecation to secure repayment and payment of the Facilities and all interest, commission, costs charges, expenses and all other monies, whatsoever stipulated in or payable by the Company under the unattested Deed of Hypothecation. |
|
Short particulars of the Property charged |
Vehicles as detailed in Schedule II to be Unattested Deed of Hypothecation. |
|
Whether any of the property or interest therein under reference is not registered in the name of the company |
No |
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
The market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
The Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.72 |
|
UK Pound |
1 |
Rs. 83.96 |
|
Euro |
1 |
Rs. 66.90 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
59 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, they have no basis upon which to
recommend credit dealings |
No Rating |
|