1. Summary Information
|
Country |
|
||
|
Company Name |
RELIANCEDIGITAL RETAIL LIMITED |
Principal Name 1 |
Mr. Pankaj Mohan Pawar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Saravanan Viswanathan |
|
Registration # |
11-170415 |
||
|
Street Address |
5th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao,
Mumbai – 400002, Maharashtra, India |
||
|
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 |
6 Years |
|
IPO |
YES |
International Ins. |
-- |
|
Public |
YES |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
-- |
Reliance Trade Services Centre Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,797,218,000 |
Current Liabilities |
2207,948,000 |
|
Inventories |
3,123,788,000 |
Long-term Liabilities |
6334,099,000 |
|
Fixed Assets |
1,682,570,000 |
Other Liabilities |
19,183,000 |
|
Deferred Assets |
505,785,000 |
Total Liabilities |
8,561,230,00 |
|
Invest& other Assets |
409,296,000 |
Retained Earnings |
000 |
|
|
|
Net Worth |
(1042,573,000) |
|
Total Assets |
7,518,657,000 |
Total Liab. & Equity |
7518,657,000 |
|
Total Assets (Previous Year) |
3,479,982,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Total Income |
12,326,717,000 |
Net Profit |
(551,260,000) |
|
Total Income (Previous yr) |
6,815,134,000 |
Net Profit(Prev.yr) |
(286,562,000) |
MIRA INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCEDIGITAL RETAIL LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced controls
on foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of
persistently high inflation and interest rates and little progress on economic
reforms. High international crude prices have exacerbated the government's fuel
subsidy expenditures contributing to a higher fiscal deficit, and a worsening
current account deficit. Little economic reform took place in 2011 largely due
to corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
5th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-44770000 |
|
Fax No.: |
91-22-44771882 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
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: 04.08.2012
|
Name : |
Mr. Pankaj Mohan Pawar |
|
Designation : |
Director |
|
Address : |
302, Archana Saurabh Plot No. 20, Sector 7, Koparkhairne, Navi Mumbai,
Thane – 4000709, Maharashtra, India |
|
Date of Birth/Age : |
14.07.1972 |
|
Qualification : |
B. E, MBA |
|
Date of Appointment : |
04.08.2012 |
|
DIN No.: |
00085077 |
|
|
|
|
Name : |
Mr. Pramod Madhukar Bhawalkar |
|
Designation : |
Director |
|
Address : |
2/36 Om-Trimurti Co-operative Housing Society, Bhakti Dham Marg, Off Sion
Trombay Road, Chunabhatti, Sion, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1957 |
|
Qualification : |
B.Sc, MPM |
|
Date of Appointment : |
04.08.2012 |
|
DIN No.: |
01114946 |
|
|
|
|
Name : |
Mr. Saravanan Viswanathan |
|
Designation : |
Director |
|
Address : |
No. 6 Benhur Co-operative Housing Society, Sector 19, Plot No. 4, Near
East, Near Nandanvan Society, Nerul Eastrul, Navi Mumbai, Thane – 400706,
Maharashtra, India |
|
Date of Birth/Age : |
04.05.1961 |
|
Date of Appointment : |
04.08.2012 |
|
DIN No.: |
05244819 |
KEY EXECUTIVES
|
Name : |
Mr. Richard Miller |
|
Designation : |
Senior Vice President |
|
Date of Birth/Age : |
46 Years |
|
Qualification : |
Bachelor of Arts |
|
Experience : |
23 Years |
|
Date of Appointment : |
12.05.2011 |
|
|
|
|
Name : |
Mr. Navdeep Narula |
|
Designation : |
Vice President |
|
Date of Birth/Age : |
44 Years |
|
Qualification : |
MBA ,BE |
|
Experience : |
20 Years |
|
Date of Appointment : |
01.11.2007 |
|
|
|
|
Name : |
Mr. Srikanth Ramaswamy |
|
Designation : |
Senior Vice President |
|
Date of Birth/Age : |
53 Years |
|
Qualification : |
B.E. |
|
Experience : |
26 Years |
|
Date of Appointment : |
01.09.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 04.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Fresh Limited |
|
1049994 |
|
Sudhakar Saraswatula Jointly with Reliance Fresh Limited |
|
1 |
|
Madhavan Ganesan Jointly with Reliance Fresh Limited |
|
1 |
|
A Ramaswamy Jointly with Reliance Fresh Limited |
|
1 |
|
Rajendra Madhav Kamath Jointly with Reliance Fresh Limited |
|
1 |
|
Subramaniam Venkatachalam Jointly with Reliance Fresh Limited |
|
1 |
|
Sridhar Kothandaraman Jointly with Reliance Fresh Limited |
|
1 |
|
Total |
|
1050000 |
Equity Share Break up (Percentage of Total Equity)
As on: 04.08.2012
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers of Samsung and Other Brands |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
HDFC Bank
Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Chaturvedi and Shah Chartered Accountant |
|
Address : |
714-715, Tulsiani Chambers, 212 Nariman Point, Mumbai 400 021, Maharashtra, India |
|
PAN.: |
AAAFC0662N |
|
|
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
14th Floor, Ruby, 29, Senapati Bapat Marg, Dadar (Wes), Mumbai – 4000028, Maharashtra, India |
|
PAN.: |
AACFS6921Q |
|
|
|
|
Ultimate Holding
Company: |
Reliance Industries Limited CIN No.:
L17110MH1973PLC019786 |
|
|
|
|
Holding Company: |
Reliance Retail Limited CIN No.:
U17120MH1998PLC114010 |
|
|
|
|
Subsidiary Company: |
Reliance Trade Services Centre Limited CIN No.: U51900MH2007PLC175636 |
|
Fellow Subsidiaries:: |
CIN No.: U01100MH1999PLC120563
CIN No.: U25199MH1998PLC11411
CIN No.: U01403MH2007PLC172415
CIN No.: U74140MH2000PLC128371
CIN No.: U52100MH2007PLC175533
CIN No.: U51101MH2007PLC175511
CIN No.: U52190MH2007PLC175508
CIN No.: U51109MH2007PLC176416
CIN No.: U51109MH2008PLC185094
CIN No.: U15419MH2006PLC165826
CIN No.: U52599MH2007PLC168275
CIN No.: U74999MH2007PLC167704
CIN No.: U51909MH2006PLC166165
CIN No.: U51101MH2007PLC171321
CIN No.: U51900MH2007PLC174470
CIN No.: U74140MH2000PLC128398
CIN No.: U51909MH2007PLC175652
CIN No.: U51109MH2008PTC185092
CIN No.: U74140MH2001PLC131458
CIN No.: U51109MH2007PTC176254
CIN No.: U72900MH2007PLC234712
CIN No.: U51900MH2007PTC175711
CIN No.: U51310MH2008PTC178078
CIN No.: U65990MH2007PLC170804 |
CAPITAL STRUCTURE
As on: 31.03.2012
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 |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.500 |
10.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(1053.073) |
(501.813) |
(215.251) |
|
|
NETWORTH |
(1042.573) |
(491.313) |
(214.751) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.530 |
2.571 |
1.396 |
|
|
2] Unsecured Loans |
6314.569 |
2949.057 |
2042.389 |
|
|
TOTAL BORROWING |
6334.099 |
2951.628 |
2043.785 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5291.526 |
2460.315 |
1829.034 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1682.570 |
1048.467 |
544.847 |
|
|
Capital work-in-progress |
408.698 |
93.184 |
500.016 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.598 |
0.598 |
0.598 |
|
|
DEFERREX TAX ASSETS |
505.785 |
232.426 |
104.563 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3123.788
|
1468.652
|
826.349
|
|
|
Sundry Debtors |
331.547
|
162.926
|
102.650
|
|
|
Cash & Bank Balances |
54.686
|
22.934
|
13.066
|
|
|
Other Current Assets |
0.036
|
0.026
|
0.000
|
|
|
Loans & Advances |
1410.949
|
450.769
|
315.709
|
|
Total
Current Assets |
4921.006
|
2105.307
|
1257.774
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1755.203
|
1008.419
|
568.078
|
|
|
Other Current Liabilities |
452.745
|
0.000
|
0.011
|
|
|
Provisions |
19.183
|
11.248
|
10.675
|
|
Total
Current Liabilities |
2227.131
|
1019.667
|
578.764
|
|
|
Net Current Assets |
2693.875
|
1085.640
|
679.010
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5291.526 |
2460.315 |
1829.034 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
12326.717 |
6815.134 |
|
|
|
Other Income |
|
0.099 |
0.092 |
|
|
|
TOTAL (A) |
|
12326.816 |
6815.226 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
|
12352.933 |
6597.744 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
|
(1650.926) |
(641.872) |
|
|
|
Employee benefit expense |
|
368.052 |
201.497 |
|
|
|
Other expenses |
|
1963.137 |
1014.609 |
|
|
|
TOTAL (B) |
|
13033.196 |
7171.978 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(706.380) |
(356.752) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.084 |
0.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(707.464) |
(356.975) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
117.155 |
57.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
(824.619) |
(414.425) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
(273.359) |
(127.863) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
(551.260) |
(286.562) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(501.813) |
(215.251) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
|
(1053.073) |
(501.813) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
|
397.655 |
36.490 |
|
|
|
Capital Goods |
|
54.464 |
14.541 |
|
|
TOTAL IMPORTS |
|
452.119 |
51.031 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
(525.01) |
(272.92) |
|
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
4113.004 |
|
|
|
Other Income |
|
|
1.383 |
|
|
|
TOTAL (A) |
|
|
4114.387 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
|
|
3857.241 |
|
|
|
Operating and Other Expenses |
|
|
675.183 |
|
|
|
Variation in Stocks |
|
|
(367.054) |
|
|
|
TOTAL (B) |
|
|
4165.370 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(50.983) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
0.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(51.346) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
46.165 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
BEFORE TAX (E-F) (G) |
|
|
(97.511) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
(37.123) |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX (G-H) (I) |
|
|
(60.388) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
(154.863) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
|
|
(215.251) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
(1207.76) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(4.47)
|
(4.21) |
(1.47)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(6.69)
|
(6.08) |
(2.37)
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.48)
|
(13.14) |
(5.41)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.79
|
0.84 |
0.45
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(6.07)
|
(6.01) |
(9.52)
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.21
|
2.06 |
2.17
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
No |
|
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 |
No |
|
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 involved in |
---------------------- |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONAL REVIEW
The Company operates multiple formats ranging from full size Reliancedigital stores to Reliance Digital Express stores and iStores. During the year, the Company has more than doubled its store count to 75 operational Reliancedigital stores and has established itself as the market leader in the Country. The Company also operates 19 iStores in partnership with Apple.
Reliancedigital store is a one stop shop for all technology solutions in the field of consumer electronics, home appliances, and Information Technology products and has widest assortment of products in over 150 national and international brands. Reliancedigital stores enjoy overwhelming support of its customers through the wide range of products offered and excellent support service provided by RESQ, the integrated service arm to support the value proposition. During the year, the Company has launched Reconnect, the private label brand of the Company, across wide categories of electronic products and positioned from the perspective of affordability, user experience and aspiration.
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 |
5th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002, 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 Housesenapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement for
Auto loan dated 31.10.2012 |
|
Date of
instrument Creating the charge |
31.10.2012 |
|
Amount secured by
the charge |
Rs. 30.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Presently rate of
interest is 11% p.a. and interest at such rate/s as may be determined by the
bank from time to time. Terms of Repayment As per the
Agreement for Auto loan 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. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Vehicles to be purchased under the loan facility. |
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loans and advances from related parties |
6314.569 |
2949.057 |
|
Total |
6314.569 |
2949.057 |
|
|
|
|
FIXED ASSETS:
·
Leasehold Improvements
·
Plant and Machinery
·
Electrical Installation
·
Equipments
·
Furniture and Fixtures
·
Vehicles
PRESS RELEASE
November 5th, 2012
Reliance Digital and
Harman Unveil New Reconnect LED TV with
Harman Kardon audio
Bangalore and Stamford, CT – HARMAN, the leading global provider of audio and infotainment solutions
(NYSE:HAR) and Reliance Digital, India’s largest consumer electronics retailer, today announced a new strategic product development collaboration. Harman and Reliance Digital will work together to create customized audio solutions for Reliance’s line of Reconnect-branded electronics.
The first product of the Harman-Reliance Digital collaboration to hit the market will be the new 107cm (
42-inch ) Reconnect Full HD LED television featuring four razor-thin, Harman Kardon™ speakers embedded in the TV’s bezel. The new LED Televisions are available for sale in select Reliance Digital stores across India.
These Harman Kardon speakers feature patented technology that produce audio quality that is louder and more clear than other speakers of the same size while still retaining the ultra-slim design of Reconnect LED Televisions. Harman’s engineers optimized the acoustic range of the speakers, then custom designed the enclosures for each display and tuned the system for maximum frequency response and output without distortion.
"We are thrilled and pleased to be working with Reliance Digital to help bring a new degree of audio performance to their excellent product line,” said Dinesh C. Paliwal, Harman’s Chairman, President, and CEO. “Our HarmanKardon brand promises to accurately reproduce crystal clear sound that is faithful to the original source, with equal attention to beautiful design. I look forward to delivering on that promise for Reconnect, and to many new products to come.”
Mr. Brian Bade, Chief Executive Officer, Reliance Digital said “Our aim is to ensure that our customers derive maximum satisfaction at our stores and from our products. The “Reconnect” product range has been introduced across all our stores in India with this as the key objective in mind. We believe in building long-term relationships with our customers and partners, and our collaboration with Harman and its Harman Kardon brand is an excellent example of our commitment to bringing the best quality to our customers. We are launching this state of the art, Full HD LED Televisions on the auspicious occasion of Diwali, and I’m sure this would bring great ‘Happiness’ to our consumers”.
Reliance Digital
plays host to star cast of Raaz 3: Jaipur
Jaipur, August 30, 2012:
Reliance Digital, the consumer electronics and durables arm of Reliance Retail today played host to BipashaBasu, Esha Gupta and Emraan Hashmi along with director Vikram Bhatt at its store in Manupasana Mall, Jaipur for their upcoming movie “Raaz 3”.Raaz 3 is an upcoming Bollywood horror film directed by Vikram Bhatt, and produced by Mahesh Bhatt and Mukesh Bhatt The film is a sequel to Raaz – The Mystery Continues (2009), which itself was a sequel to Raaz (2002), and features Emraan Hashmi reprising his role from the second film, and with a new addition to the cast, Esha Gupta. Bipasha Basu, who was a part of the first film of the Raaz series, has made a comeback to the series after opting out of the second film. Jacqueline Fernandez makes a special appearance in the film which is scheduled for release on September 7, 2012.The leading starcast and director of the movie interacted with the audience at Reliance Digitaland shared some special moments from the film. The customers got a chance to meet and greet their favourite stars and producer.
The Reliance Digital store at Manupasana Mall, Sardar Patel Marg is spread over 12,616 sq feet and offers consumers a choice of over 2000 products with over 150 international and national brands. The entire range of IT and Accessories, Consumer Electronics, Home Appliances and Mobile Telephony products is available at Reliance Digital. The store is equipped with an exclusive home theatre room and specially designed experience zones where the customers can test and try live products such as MP3 players, Digital cameras, Laptops, Tablets and mobile phones. With the largest spread of products at various price points across all major product categories, Reliance Digital is a one stop shop for all technology solutions in the field of Consumer Electronics like Home theatres, Televisions, LCD TVs, digital cameras and music systems; Home Appliances like washing machines, microwave, Air Conditioners, refrigerators; Information Technology and Telecommunications products like Laptops, mobile phones and the widest assortment of products and accessories of both national and international brands.
Reliance Digital
plays host to star cast of Raaz 3: Ahmedabad
Ahmedabad, August 29, 2012:
Reliance Digital, the consumer electronics and durables arm of Reliance Retail today played host to BipashaBasu, Esha Gupta and Emraan Hashmi along with director Vikram Bhatt at its store in Panchvati, Ahmedabad for their upcoming movie “Raaz
3”.Raaz 3 is an upcoming Bollywood horror film directed by Vikram Bhatt, and produced by Mahesh Bhatt and Mukesh Bhatt The film is a sequel to Raaz – The Mystery Continues (2009), which itself was a sequel to Raaz (2002), and features Emraan Hashmi reprising his role from the second film, and with a new addition to the cast, Esha Gupta. Bipasha Basu, who was a part of the first film of the Raaz series, has made a comeback to the series after opting out of the second film. Jacqueline Fernandez makes a special appearance in the film which is scheduled for release on September 7, 2012.
The leading starcast and director of the movie interacted with the audience at Reliance Digitaland shared some special moments from the film. The customers got a chance to meet and greet their favourite stars and producer.
The Reliance Digital store at Panchvati, is spread over 11,500 sq feet and offers consumers a choice of over 2000 products with over 150 international and national brands. The entire range of IT and Accessories, Consumer Electronics, Home Appliances and Mobile Telephony products is available at Reliance Digital. The store is equipped with an exclusive home theatre room and specially designed experience zones where the customers can test and try live products such as MP3 players, Digital cameras, Laptops, Tablets and mobile phones. With the largest spread of products at various price points across all major product categories, Reliance Digital is a one stop shop for all technology solutions in the field of Consumer Electronics like Home theatres, Televisions ,LCDTVs, digital cameras and music systems; Home Appliances like washing machines, microwave, Air Conditioners, refrigerators; Information Technology and Telecommunications products like Laptops, mobile phones and the widest assortment of products and accessories of both national and international brands.
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 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. 54.65 |
|
|
1 |
Rs. 82.41 |
|
Euro |
1 |
Rs. 70.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
UDS |
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 |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.