MIRA
INFORM REPORT
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Report Date : |
11.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
RELIANCE PERSONAL ELECTRONICS PRIVATE LIMITED |
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Formerly Known As : |
NASH RETAIL PRIVATE LIMITED |
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Registered Office : |
Reliance Corporate Park, Building No.4, Ground Floor, ‘C’ Wing, Thane
– Belapur Road, Ghansoli, Navi Mumbai- 400701, Maharashtra. |
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Country : |
India |
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Date of Incorporation : |
03.12.2007 |
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Com. Reg. No.: |
176416 |
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CIN No.: [Company
Identification No.] |
U51109MH2007PTC176416 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMN15926B |
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PAN No.: [Permanent
Account No.] |
AACCN7465M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Chain of Retail Stores. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Reliance Group. Country’s premier industrial
house. Trade relations are reported as fair. Subject runs a chain of retail
outlets. No complaints have been heared against the subject from the market
sources. Company’s first financials are awaited. As it is a part of Reliance Group, the company can be considered for
normal business dealings. |
LOCATIONS
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Registered Office : |
Reliance Corporate Park, Building No.4, Ground Floor, ‘C’ Wing, Thane –
Belapur Road, Ghansoli, Navi Mumbai- 400701, Maharashtra,India. |
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Corporate Office : |
Second Floor, Chitrakoot, Shreeram Mills Premises, Ganpatrao Kadam
Marg, Worli, Mumbai-400013, Maharashtra, India |
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E-Mail : |
gbbbabuji@yahoo.co.in |
DIRECTORS
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Name : |
Mr. Gantayettu Bala Bhaskar Babuji |
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Designation : |
Director |
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Address : |
35-201, Seawoods Estates, Palm Beach Road, Nerul, Navi Mumbai-400706,
Maharashtra, India. |
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Date of Birth: |
17.08.1947 |
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Din No.: |
00019915 |
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Name : |
Mr.Ashwin A.Khasgiwala |
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Designation : |
Director |
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Address : |
A-1, Mahavir Prasad CHS, Subhash Nagar Estate, 390 N.M.Joshi Marg,
Chinchpokli, Mumbai – 400011, Maharashtra, India. |
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Date of Birth: |
15.03.1973 |
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Din No. : |
00006481 |
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Name : |
Mr.Navneet Saluja |
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Designation : |
Director |
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Address : |
S/o Shri Om Prakash Saluja, B-64, Swami Nagar, Near Panchsheel Park,
New Delhi- 110017. |
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Name : |
Mr.N.Ravichandran |
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Designation : |
Director |
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Address : |
S/o Late Shri Nageswaran Venkataraman, Row House No.7/8, Rosewood CHS
Limited, Sector-2, Near Airoli Railway Station, Navi Mumbai- 400 708. |
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Name : |
Mr.Ajay T.Baijal |
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Designation : |
Director |
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Address : |
S/o Dr. Trilokinath Baijal ,139, Flat G, Falcon Crest, 4th
Main, Defence Colony, Indira Nagar, Bangalore-560 038 |
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Name : |
Mr.C. Srinivasan |
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Designation : |
Director |
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Address : |
S/o Shri Kandalai Govinda Chakravarthy, Flat No.301, 3rd Floor,
Mandakini Safal Complex, Sector 19 A, Nerul, Navi Mumbai- 400706 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Reliance Elastoners Private Limited |
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5000 |
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Reliance Industrial Enterprises Private Limited |
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5000 |
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Total |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Chain of Retail Stores. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- Each |
Rs.0.100 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- Each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
NA
LOCAL AGENCY
FURTHER INFORMATION
In Pursuance of sub-section (2) /
of section 187C of the Companies Act,1956 ( 1 of 1956), They hereby declare
that they hold/ the beneficial interest in 6 Equity shares of Rs.10/- each
bearing Distinctive Nos.9995-10000 and specify the following particulars,
namely.
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Sr. No. |
Name |
Father’s Name |
Age |
Occupation |
Address |
Nationality |
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1 |
Shri Ravichandran Nageswaran Jointly with Reliance Retail Limited |
Shri Nageswaran Venkataraman |
50 |
Service |
Row House No.7/8, Rosewood CHS Limited, Sector-2,
Near Airoli Railway Station, Navi Mumbai- 400 708. |
Indian |
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2 |
Shri Srinivasan Chakravarthy Jointly with Reliance Retail Limited |
Shri Chakravarthy Kandalai Govinda |
53 |
Service |
Flat No.301, 3rd Floor, Mandakini
Safal Complex, Sector 19A, Nerul, Navi Mumbai- 400 706 |
Indian |
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3 |
Shri Srinath C.Raghunathan Jointly with Reliance Retail Limited |
Shri Raghunathan C. Ramabadrachari |
46 |
Service |
Flat No.9, Block II, Ananya Ashok No.5,
Warren Road, Mylapore, Chennai – 600004 |
Indian |
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4 |
Shri Rajendra Madhav Kamath Jointly with Reliance Retail Limited |
Shri Madhav P.Kamath |
43 |
Service |
Flat No.680/A, 6th Floor, 25, Rajat
CHS, Nehru Nagar, Kurla ( east), Mumbai- 400 024 |
Indian |
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5 |
Shri Subramaniam Venkatachalam Jointly with Reliance Retail Limited |
Shri Venkatachalam Subramaniam |
42 |
Service |
6, Harbour Villa, Jawaharnagar CHS, Plot No.49/3,
Sec19A, Nerul, Navi Mumbai-400 706 |
Indian |
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6 |
Shri Sridhar Kothandaraman Jointly with Reliance Retail Limited |
Shri Kothandaraman Narayan Pinathur |
35 |
Service |
Flat No.3, 11th Floor, B-4, Millennium
Towers, Sector-9, Sanpada, Navi Mumbai-400 705 |
Indian |
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 :
Our 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.
Our 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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