1. Summary Information
|
|
|
Country |
|
|
Company Name |
RELIANCEDIGITAL RETAIL LIMITED |
Principal Name 1 |
Mr. Ajay Trilokinath Baijal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Madhavan Ganesan |
|
|
|
Registration # |
11-170415 |
|
Street Address |
Reliance Corporate Park, Building No. 4, Ground Floor ‘C’ Wing,
Thane-Belapur Road, Ghansoli, Navi Mumbai, Mumbai-400701, Maharashtra |
||
|
Established Date |
28.04.2007 |
SIC Code |
-- |
|
Telephone# |
91-22-44770000 |
Business Style 1 |
Dealer |
|
Fax # |
91-22-29771882 |
Business Style 2 |
Samsung |
|
Homepage |
-- |
Product Name 1 |
Other Brands |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.10,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate (100%) |
Banking |
HDFC Bank
Limited |
|
Public Limited Corp. |
YES |
Business Period |
5 Years |
|
IPO |
YES |
International Ins. |
-- |
|
Public |
YES |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
-- |
RESQ Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
636,655,000 |
Current Liabilities |
1,008,419,000 |
|
Inventories |
1,468,652,000 |
Long-term Liabilities |
2,951,628,000 |
|
Fixed Assets |
1,048,467,000 |
Other Liabilities |
11,248,000 |
|
Deferred Assets |
232,426,000 |
Total Liabilities |
3,971,295,000 |
|
Invest& other Assets |
93,782,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
(491,313,000) |
|
Total Assets |
3,479,982,000 |
Total Liab. & Equity |
3,479,982,000 |
|
Total Assets (Previous Year) |
1,836,538,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
NA |
Net Profit |
(286,562,000) |
|
Total Income (Previous yr) |
4,114,387,000 |
Net Profit(Prev.yr) |
(60,388,000) |
MIRA
INFORM REPORT
|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCEDIGITAL RETAIL LIMITED |
|
|
|
|
Registered Office : |
Reliance Corporate Park, Building No. 4, Ground Floor ‘C’ Wing,
Thane-Belapur Road, Ghansoli, Navi Mumbai, Mumbai-400701, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
28.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-170415 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.500 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U70102MH2007PLC170415 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR21871D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADCR6320A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Dealers of Samsung and Other Brands. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Reliance Retail Ventures of Mukesh Ambani Group.
It is a company having moderate track. Profitability of the company appears to
be under pressure. There appears to be huge accumulated losses recorded by
the company. However, trade relations are reported as fair. Business is
active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office/ Mall : |
Reliance Corporate Park, Building No. 4, Ground Floor ‘C’ Wing,
Thane-Belapur Road, Ghansoli, Navi Mumbai, Mumbai-400701, Maharashtra, India |
|
Tel No.: |
91-22-44770000 |
|
Fax No.: |
91-22-29771882 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
9th Floor, Maker Chamber IV, Nariman Point, Mumbai – 400
023, |
|
Tel. No.: |
91-22-22786000 / 22785000 |
|
Fax No.: |
91-22-22786399 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ajay Trilokinath Baijal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
139, Flat G, Falcon Crest, 4th Main Defence Colny, Indira
Nagar, Bangalore-560038, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
21.11.1957 |
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|
Date of Appointment : |
28.04.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
0004943 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Name : |
Mr. Madhavan Ganesan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Director |
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Address : |
C Wing, 2004, 20th Floor, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
07.09.1964 |
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|
Date of Appointment : |
06.12.2007 |
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|
Din No.: |
01674529 |
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Name : |
Bijaya Kumar Sahoo |
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|
Designation : |
Director |
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|
Address : |
47/A, 4th Floor, |
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Date of Birth/Age : |
08.05.1966 |
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Date of Appointment : |
31.12.2007 |
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|
Din No.: |
01931278 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U74999MH2007PLC167704 |
STRATEGIC
MANPOWER SOLUTIONS LIMITED |
Director |
29/08/2008 |
11/12/2007 |
- |
Active |
NO |
|
2 |
U51101MH2007PLC171321 |
RELIANCE
FOOTPRINT LIMITED |
Director |
29/08/2008 |
31/12/2007 |
- |
Active |
NO |
|
3 |
U51909MH2006PLC166165 |
RELIANCE
TRENDS LIMITED |
Director |
29/08/2008 |
31/12/2007 |
- |
Active |
NO |
|
4 |
U70102MH2007PLC170415 |
RELIANCEDIGITAL
RETAIL LIMITED |
Director |
29/08/2008 |
31/12/2007 |
- |
Active |
NO |
|
5 |
U01403MH2007PLC172415 |
RELIANCE
LIFESTYLE HOLDINGS LIMITED |
Director |
31/10/2008 |
31/12/2007 |
- |
Active |
NO |
|
6 |
U01100MH1999PLC120563 |
RELIANCE
FRESH LIMITED |
Director |
30/09/2008 |
31/12/2007 |
- |
Active |
NO |
|
7 |
U52100MH2007PLC172129 |
RELIANCE
WELLNESS LIMITED |
Director |
29/08/2008 |
7/1/2008 |
- |
Active |
NO |
|
8 |
U52190MH2007PLC175508 |
RELIANCE
SUPPLY CHAIN SOLUTIONS LIMITED |
Director |
26/08/2008 |
7/1/2008 |
- |
Active |
NO |
|
9 |
U51909MH2006PLC166163 |
RELIANCE
HYPERMART LIMITED |
Director |
29/08/2008 |
7/1/2008 |
- |
Active |
NO |
|
10 |
U51101MH2007PLC175510 |
RELIANCE
HOME STORE LIMITED |
Director |
29/08/2008 |
7/1/2008 |
- |
Active |
NO |
|
11 |
U74140MH2000PLC128398 |
RELIANCE
AUTOZONE LIMITED |
Director |
29/08/2008 |
7/1/2008 |
- |
Active |
NO |
|
12 |
U51900MH2007PLC175636 |
RELIANCE
TRADE SERVICES CENTRE LIMITED |
Director |
15/09/2008 |
7/1/2008 |
- |
Active |
NO |
|
13 |
U51109MH2007PLC167805 |
RELIANCE
UNIVERSAL VENTURES LIMITED |
Director |
19/09/2008 |
7/1/2008 |
- |
Active |
NO |
|
14 |
U51909MH2007PLC167793 |
RELIANCE
INTEGRATED AGRI SOLUTIONS LIMITED |
Director |
11/8/2008 |
7/1/2008 |
15/03/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Retail Limited, |
|
1049994 |
|
Madhavan Ganesan Jointly with Reliance Retail Limited, |
|
1 |
|
A Ramaswamy* Jointly with Reliance Retail Limited, India |
|
1 |
|
Rajendra Madhav Kamath* Jointly with Reliance Retail Limited, India |
|
1 |
|
Subramaniam Venkatachalam* Jointly with Reliance Retail Limited, India
|
|
1 |
|
Sridhar Kothandaraman* Jointly with Reliance Retail Limited, India |
|
1 |
|
Sudhakar Saraswatula* Jointly with Reliance Retail Limited, India |
|
1 |
|
Total |
|
1050000 |
NOTE: * Beneficial Interest in the shares held
by Reliance Retail Limited
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers of Samsung and Other Brands. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel
West, Mumbai 400013, |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Notes : Loans from Holding Company. |
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Chaturvedi and Shah Chartered Accountant |
|
|
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
|
|
|
Ultimate Holding
Company: |
Reliance Industries Limited CIN No.: L17110MH1973PLC019786 |
|
|
|
|
Holding Company: |
Reliance Retail Limited CIN No.: U17120MH1998PLC114010 |
|
|
|
|
Subsidiary Company: |
RESQ Limited CIN No.: U52599MH2007PLC168275 |
|
|
|
|
Fellow
Subsidiaries: |
·
Delight Proteins Limited ·
Reliance Agri Products Distribution Limited ·
Reliance Autozone Limited CIN No.: U74140MH2000PLC128398 ·
Reliance Brands Limited CIN No.: U51900MH2007PLC174470 ·
Reliance Corporate IT Park Limited CIN No.: U74140MH2001PLC131458 ·
Reliance Dairy Foods Limited CIN No.: U15419MH2006PLC165826 ·
Reliance Digital Media Limited CIN No.: U51909MH2007PLC175652 ·
Reliance Food Processing Solutions Limited CIN No.: U51101MH2007PLC175511 ·
Reliance Fresh Limited CIN No.: U01100MH1999PLC120563 ·
Reliance Gems and Jewels Limited CIN No.: U25199MH1998PLC11411 ·
Reliance Home Store Limited CIN No.: U51101MH2007PLC175510 ·
Reliance Hypermart Limited CIN No.:
U51909MH2006PLC166163 ·
Reliance Jamnagar Infrastructure Limited CIN No.: U45300GJ1999PLC036347 ·
Reliance Leisures Limited CIN No.: U52100MH2007PLC175533 ·
Reliance Lifestyle Holdings Limited CIN No.: U01403MH2007PLC172415 ·
Reliance Nutritional Food Processors Limited ·
Reliance People Serve Limited ·
Reliance Personal Electronics Limited CIN No.: U51109MH2007PLC176416 ·
Reliance Supply Chain Solutions Limited CIN No.: U52190MH2007PLC175508 ·
Reliance Trends Limited CIN No.: U51909MH2006PLC166165 ·
Reliance Wellness Limited CIN No.: U52100MH2007PLC172129 ·
Retail Concepts and Services (India) Limited CIN No.: U15130MH2003PLC139197 ·
Strategic Manpower Solutions Limited CIN No.: U74999MH2007PLC167704 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1050000 |
Equity Shares |
Rs.10/- each |
Rs.10.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1050000 |
Equity Shares |
Rs.10/- each |
Rs.10.500 Millions |
|
|
|
|
|
Note: All the
above 1050000 Equity Shares of Rs. 10 each are held by Reliance Retail Limited,
the holding company along with its nominees.
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(501.813) |
(215.251) |
(154.863) |
|
|
NETWORTH |
(491.313) |
(214.751) |
(154.363) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.571 |
1.396 |
3.754 |
|
|
2] Unsecured Loans |
2949.057 |
2042.389 |
1468.551 |
|
|
TOTAL BORROWING |
2951.628 |
2043.785 |
1472.305 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2460.315 |
1829.034 |
1317.942 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1048.467 |
544.847 |
398.455 |
|
|
Capital work-in-progress |
93.184 |
500.016 |
452.515 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.598 |
0.598 |
0.598 |
|
|
DEFERREX TAX ASSETS |
232.426 |
104.563 |
67.440 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1468.652
|
826.349
|
460.291 |
|
|
Sundry Debtors |
162.926
|
102.650
|
44.326 |
|
|
Cash & Bank Balances |
22.934
|
13.066
|
20.269 |
|
|
Other Current Assets |
0.026
|
0.000
|
0.000 |
|
|
Loans & Advances |
450.769
|
315.709
|
264.991 |
|
Total
Current Assets |
2105.307
|
1257.774
|
789.877 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1008.419
|
568.078
|
367.033 |
|
|
Other Current Liabilities |
0.000
|
0.011
|
0.000 |
|
|
Provisions |
11.248
|
10.675
|
23.910 |
|
Total
Current Liabilities |
1019.667
|
578.764
|
390.943 |
|
|
Net Current Assets |
1085.640
|
679.010
|
398.934 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2460.315 |
1829.034 |
1317.942 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
4113.004 |
3160.770 |
|
|
|
Other Income |
|
1.383 |
0.942 |
|
|
|
TOTAL (A) |
NA |
4114.387 |
3161.712 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
|
3857.241 |
2973.663 |
|
|
|
Operating and Other Expenses |
NA |
675.183 |
466.897 |
|
|
|
Variation in Stocks |
|
(367.054) |
(132.753) |
|
|
|
TOTAL (B) |
NA |
4165.370 |
3307.807 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(356.752) |
(50.983) |
(146.095) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.223 |
0.363 |
0.642 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(356.975) |
(51.346) |
(146.737) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
57.450 |
46.165 |
30.536 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX (E-F) (G) |
(414.425) |
(97.511) |
(177.273) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(127.863) |
(37.123) |
(50.617) |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX (G-H) (I) |
(286.562) |
(60.388) |
(126.656) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(215.251) |
(154.863) |
(28.207) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(501.813) |
(215.251) |
(154.863) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
3.109 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2729.16) |
(1207.76) |
(2533.12) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
(1.47)
|
(4.00) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
(2.37)
|
(5.61) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.14) |
(5.41)
|
(14.92) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.84) |
0.45
|
1.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(8.08) |
(12.21)
|
(12.07) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06 |
2.17
|
2.02 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. In Millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
|
|
|
|
|
Creditors due
small micro enterprises |
0.000 |
0.000 |
|
|
Creditors due
Others |
1008.419 |
568.078 |
|
|
Total |
1008.419 |
568.078
|
367.033 |
NOTE : The registered
office address of the company has been shifted from 4th Floor,
“BRINDAVAN”, Shiriram Mills Compound, Ganapatro Kadam Marg, Worli, Mumbai, Maharashtra,
India to present address w.e.f.
01.09.2008
OPERATIONAL AND
FINANCIAL REVIEW
The Company
operates its stores in three formats namely – ‘Reliancedigital’ for the entire range
of consumer electronics, appliances, IT and telecom products and services
‘Digital Express’, the smaller format of Reliancedigital for laptop, mobile
phones, personal electronics and all associated accessories and services and
‘iStore by Reliancedigital’, Apple Premium Reseller, which retails Apple
branded products and associated accessories. During the year the Company has
embarked on a re-charged growth strategy with a new brand promise - ‘We bring
technology to life for you’ and provides customers with a well differentiated
value and experience. The Company has expanded its retail presence by launching
more stores and it presently operates 29 Reliancedigital stores, 1 Digital
Express store and 17 iStores across major cities and towns in India.
The Company seeks
to fulfill the dream of every customer, through its nationwide network of
conveniently located stores, its presence in the web and by providing a
delightful shopping experience of products and solutions and helping customers
bring home the latest and best technology from the widest selection at the
lowest assured price with complete peace of mind through lifelong support. The
Company has incurred a loss of Rs. 286.562 millions for the financial year
ended March 31, 2011. As new stores are being rolled out across the Country,
the Company is confident of posting better results in the future.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U70102MH2007PLC170415 |
|
Name of the
company |
RELIANCEDIGITAL RETAIL
LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Reliance
Corporate Park, Building No.4,Ground Floor, 'C' Wing,
Thane- Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable property
(not being pledge) |
|
Particular of
charge holder |
HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai
–400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement for
Autoloan No. 3271538 / 528 / 573 / 555 / 570 / 567/ 561 dated 30.03.2009. |
|
Date of
instrument Creating the charge |
30/03/2009 |
|
Amount secured by
the charge |
Rs. 10.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at such
rate/s as may be determined by the bank from time to time. Terms of repayment As per Schedule B
to the Agreement for Autoloan Margin Nil Extent and operation of the charge First and exclusive charge on the present and
future vehicles (purchased under the loan facility) hypothecated and the
charge shall stand as security to the repayment and payment by the Company to
the Bank for all monies payable under the Agreement for Autoloan entered into
between the Company and the Bank. Other Nil |
|
Short particulars
of the property charged (Including location of the property) |
Vehicles as
detailed in Schedule B to the Agreement for Autoloan, including future
vehicles to be purchased under the loan facility. |
FIXED ASSETS:
·
Leasehold Improvements
·
Plant and Machinery
·
Electrical Installation
·
Equipments
·
Furniture and Fixtures
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records 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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 51.50 |
|
|
1 |
Rs. 81.99 |
|
Euro |
1 |
Rs. 67.54 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.