MIRA
INFORM REPORT
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Report Date : |
29.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
RELIANCE DIGITAL RETAIL LIMITED |
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Registered Office : |
4th Floor, Brindavan, Shriram Mills Compound, Ganapatrao Kadam
Marg, Worli, Mumbai – 400 013, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
28.04.2007 |
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Com. Reg. No.: |
11-170415 |
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CIN No.: [Company
Identification No.] |
U70102MH2007PLC170415 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR21871D |
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PAN No.: [Permanent
Account No.] |
AADCR6320A |
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Legal Form : |
A closely held public limited liability company. |
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Line of Business : |
Dealers of Samsung and Other Brands. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 part of Mr. Mukesh Ambani headed Reliance Group,
Country’s premier industrial house. Promoters are respectable and resourceful
enterprenuers. Payments are usually made as per commitments. In view of strong promoters the company can be considered good for any
normal business dealings. |
LOCATIONS
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Registered Office : |
4th Floor, Brindavan, Shriram Mills Compound, Ganapatrao
Kadam Marg, Worli, Mumbai – 400 013, Maharashtra, India |
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E-Mail : |
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Corporate Office : |
9th Floor, Maker Chamber IV, Nariman Point, Mumbai – 400
023, Maharashtra, India |
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Tel. No.: |
91-22-22786000 / 22785000 |
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Fax No.: |
91-22-22786399 |
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E-Mail : |
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Mall : |
Reliance Corporate Park, Building No. 4, Ground Floor, C Wing, Thane –
Belapur Road, Ghansoli, Navi Mumbai – 40 701, Maharashtra, India |
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Tel. No.: |
91-22-44776600 |
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Mobile No.: |
91-9867611973 |
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E-Mail: |
DIRECTORS
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Name : |
Mr. Ajay Trilokinath Baijal |
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Designation : |
Director |
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Address : |
139, Flat G, Falcon Crest, 4th Main, Defence Colony, Indira
Nagar, Bangalore – 560 038, Karnataka, India |
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Date of Birth/Age : |
21.11.1957 |
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Date of Appointment : |
28.04.2007 |
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Name : |
Mr. Srinath Chakravarthy Raghunathan |
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Designation : |
Director |
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Address : |
Flat No. 9, Block II, Ananya Ashok No.5, Warren Road, Mylapore,
Chennai – 600 004, Tamil Nadu, India |
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Date of Birth/Age : |
14.02.1962 |
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Date of Appointment : |
28.04.2007 |
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Name : |
Mr. Srinivasan Chakravarthy |
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Designation : |
Director |
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Address : |
Flat No. 301, 3rd Floor, Mandakini Safal Complex, Sector
19A, Nerul, Navi Mumbai – 400 706, Maharashtra, India |
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Date of Birth/Age : |
16.04.1955 |
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Date of Appointment : |
28.04.2007 |
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Name : |
Mr. Nitish Krishnakant Tipnis |
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Designation : |
Director |
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Address : |
Nayar Samaj Building, 14, Vincent Sq, Dadar, Mumbai – 400 014,
Maharashtra, India |
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Date of Birth/Age : |
07.09.1964 |
BUSINESS DETAILS
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Line of Business : |
Dealers of Samsung and Other Brands. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Associates/Subsidiaries : |
·
Reliance Petroleum Limited ·
Reliance Netherlands BV (including Trevira) ·
Reliance Retail Limited ·
Reliance Jamnagar Infrastructure Limited ·
Reliance Haryana SEZ Limited ·
Reliance Ventures Limited ·
Reliance Commercial Associates Limited ·
GAPCO Uganda Limited ·
GAPCO Kenya Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
Subject is a part of Reliance Retail Limited
and is on the threshold of spearheading revolution in Consumer Electronics,
Home Appliances, IT and Telecom products across the country large format
specially stores branded ‘Reliance Digital’.
The store will set a new benchmark in Consumer
Service and offer a world class In Store Experience are passionate about retail
then join them on this existing journey.
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
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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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