1. Summary Information
|
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Country |
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Company Name |
RELIANCEDIGITAL RETAIL LIMITED |
Principal Name 1 |
MR. PANKAJ MOHAN PAWAR |
|
Status |
MODERATE |
Principal Name 2 |
MR. SARAVANAN VISWANATHAN |
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|
|
Registration # |
11-170415 |
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Street Address |
5TH FLOOR, COURT HOUSE, LOKMANYA TILAK MARG,
DHOBI TALAO, MUMBAI – 400 002, |
||
|
Established Date |
28.04.2007 |
SIC Code |
-- |
|
Telephone# |
91-22-44770000 |
Business Style 1 |
ORGANISED RETAIL |
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Fax # |
91-22-29771882 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
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|
# 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. |
NO |
Business Period |
6 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (26) |
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Related
Company |
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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 |
8,561,230,000 |
|
Invest& other Assets |
409,296,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
(1042,573,000) |
|
Total Assets |
7,518,657,000 |
Total Liab. & Equity |
7,518,657,000 |
|
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 : |
27.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCEDIGITAL RETAIL LIMITED |
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Registered
Office : |
5th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400 002, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
28.04.2007 |
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Com. Reg. No.: |
11-170415 |
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Capital
Investment / Paid-up Capital : |
Rs.10.500 Millions |
|
|
|
|
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
: |
Subject is mainly engaged in ‘Organised Retail’ in India. |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Reliance Retail Ventures of Mukesh Ambani Group.
It is a company having moderate track record. Profitability of the company is
under pressure. There appear 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 – 400 002, Maharashtra, India |
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Tel. No.: |
91-22-44770000 |
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Fax No.: |
91-22-44771882 |
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E-Mail : |
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Website: |
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Corporate Office 1 : |
9th Floor, Maker Chamber IV, Nariman Point, Mumbai – 400
023, |
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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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Corporate Office
2 : |
Reliance Corporate Park, WS 230, Building No.4, 1st Floor,
C Wing, Thane Belapur Road, Ghansoli, Navi Mumbai – 400 701, Maharashtra,
India |
DIRECTORS
AS ON 04.08.2012
|
Name : |
Mr. Pankaj Mohan Pawar |
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Designation : |
Director |
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Address : |
302, Archana Saurabh Plot No.20, Sector 7, Koparkhairne, Navi Mumbai –
400 709, Maharashtra, India |
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Date of Birth/Age : |
14.07.1972 |
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Qualification : |
B. E, MBA |
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Date of Appointment : |
04.08.2012 |
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DIN No.: |
00085077 |
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Other Directorship :
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Name : |
Mr. Pramod Madhukar Bhawalkar |
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Designation : |
Director |
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Address : |
2/36, Om-Trimurti Co-operative Housing Society, Bhakti Dham Marg, Off Sion
Trombay Road, Chunabhatti, Sion, Mumbai – 400 049, Maharashtra, India |
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Date of Birth/Age : |
18.01.1957 |
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Qualification : |
B. Sc, MPM |
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Date of Appointment : |
04.08.2012 |
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DIN No.: |
01114946 |
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Other Directorship :
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Name : |
Mr. Saravanan Viswanathan |
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Designation : |
Director |
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Address : |
No.6, Benhur Co-operative Housing Society, Sector 19, Plot No.4, Near East,
Near Nandanvan Society, Nerul Eastrul, Navi Mumbai, Thane – 400 706,
Maharashtra, India |
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Date of Birth/Age : |
04.05.1961 |
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Date of Appointment : |
04.08.2012 |
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DIN No.: |
05244819 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Richard Miller* |
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Designation : |
Senior Vice President |
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Date of Birth/Age : |
46 Years |
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Qualification : |
Bachelor of Arts |
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Experience : |
23 Years |
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Date of Appointment : |
12.05.2011 |
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Name : |
Mr. Navdeep Narula* |
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Designation : |
Vice President |
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Date of Birth/Age : |
44 Years |
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Qualification : |
MBA ,BE |
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Experience : |
20 Years |
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Date of Appointment : |
01.11.2007 |
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Name : |
Mr. Srikanth Ramaswamy |
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Designation : |
Senior Vice President |
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Date of Birth/Age : |
53 Years |
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Qualification : |
B.E. |
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Experience : |
26 Years |
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Date of Appointment : |
01.09.2010 |
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Name : |
Mr. Suresh Sukumaran |
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Designation : |
Senior Vice President |
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Date of Birth/Age : |
B.A.,PG Diploma in Management |
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Qualification : |
51 Years |
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Experience : |
28 Years |
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Date of Appointment : |
01.04.2010 |
*denotes employed for part of the year
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 04.08.2012
|
Names of Shareholders |
|
No. of Shares |
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Reliance Fresh Limited, India |
|
1049994 |
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Sudhakar Saraswatula Jointly with Reliance Fresh Limited, India |
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1 |
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Madhavan Ganesan Jointly with Reliance Fresh Limited, India |
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1 |
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A Ramaswamy Jointly with Reliance Fresh Limited, India |
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1 |
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Rajendra Madhav Kamath Jointly with Reliance Fresh Limited, India |
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1 |
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Subramaniam Venkatachalam Jointly with Reliance Fresh Limited, India |
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1 |
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Sridhar Kothandaraman Jointly with Reliance Fresh Limited, India |
|
1 |
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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 : |
Subject is mainly engaged in ‘Organised Retail’ in India. |
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Products/ Services : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
HDFC Bank
Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400 013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name 1 : |
Chaturvedi and Shah Chartered Accountants |
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Address : |
714-715, Tulsiani Chambers, 212 Nariman Point, Mumbai 400 021, Maharashtra, India |
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PAN No.: |
AAAFC0662N |
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Name 2 : |
S.V. Ghatalia and Associates Chartered Accountants |
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Address : |
14th Floor, Ruby, 29, Senapati Bapat Marg, Dadar (Wes), Mumbai – 400 028, Maharashtra, India |
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PAN No.: |
AACFS6921Q |
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Ultimate Holding
Company: |
Reliance Industries Limited, India CIN No.:
L17110MH1973PLC019786 |
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Holding Company : |
Reliance Retail Limited, India CIN No.: U17120MH1998PLC114010 |
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Subsidiary Company: |
Reliance Trade Services Centre Limited, India CIN No.: U51900MH2007PLC175636 |
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Fellow Subsidiaries:: |
· Reliance Fresh Limited, India CIN No.: U01100MH1999PLC120563 · Reliance Gems and Jewels Limited CIN No.: U25199MH1998PLC11411 · Reliance Lifestyle Holdings Limited, India CIN No.: U01403MH2007PLC172415 · Delight Proteins Limited, India CIN No.: U74140MH2000PLC128371 · Reliance Leisures Limited, India CIN No.: U52100MH2007PLC175533 · Reliance Food Processing Solutions Limited, India CIN No.: U51101MH2007PLC175511 · Reliance Supply Chain Solutions Limited, India CIN No.: U52190MH2007PLC175508 · Reliance Personal Electronics Limited, India CIN No.: U51109MH2007PLC176416 · Two Sisters Foods India Limited, India CIN No.: U51109MH2008PLC185094 · Reliance Dairy Foods Limited, India CIN No.: U15419MH2006PLC165826 · RESQ Limited, India CIN No.: U52599MH2007PLC168275 · Strategic Manpower Solutions Limited, India CIN No.: U74999MH2007PLC167704 · Reliance Trends Limited, India CIN No.: U51909MH2006PLC166165 · Reliance Footprint Limited, India CIN No.: U51101MH2007PLC171321 · Reliance Brands Limited, India CIN No.: U51900MH2007PLC174470 · Reliance Autozone Limited, India CIN No.: U74140MH2000PLC128398 · Reliance Digital Media Limited, India CIN No.: U51909MH2007PLC175652 · Reliance Office Solutions Private Limited, India CIN No.: U51109MH2008PTC185092 · Reliance Corporate IT Park Limited, India CIN No.: U74140MH2001PLC131458 · Indiawin Sports Private Limited, India CIN No.: U51109MH2007PTC176254 · Infotel Broadband Services Limited, India CIN No.: U72900MH2007PLC234712 · Marks and Spencer Reliance India Private Limited, India CIN No.: U51900MH2007PTC175711 · Reliance Style Fashion India Private Limited, India CIN No.: U51310MH2008PTC178078 · Reliance Financial distribution and Advisory services Limited, India 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 |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1050000 |
Equity Shares |
Rs.10/- each |
Rs.10.500
Millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
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SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.500 |
10.500 |
0.500 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
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 |
|
|
DEFERRED 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/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(706.380) |
(356.752) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
1.084 |
0.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) 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/ (Loss)
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/ (Loss)
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
|
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 |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties (Represents loan from the holding company for a period of 5 years.) |
6314.569 |
2949.057 |
|
Total |
6314.569 |
2949.057 |
Note:
The registered office address of the company has been shifted from
Reliance Corporate Park, Building No.4,Ground Floor, 'C' Wing, Thane- Belapur
Road, Ghansoli Navi Mumbai – 400 701, Maharashtra, India to present address w.e.f. 15.12.2011.
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 – 400 002, Maharashtra, India E-Mail: radhika.thorat@ril.com |
|
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 –
400 013, Maharashtra, India E-Mail: |
|
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. |
FIXED ASSETS:
·
Leasehold Improvements
·
Plant and Machinery
·
Electrical Installation
·
Equipments
·
Furniture and Fixtures
·
Vehicles
WEBSITE DETAILS:
PRESS RELEASE/
ARTICLE
RELIANCE DIGITAL XPRESS STORES LAUNCHED IN
MUMBAI
May 21, 2013
With an intent to enhance focus on technology solutions
Reliance Digital has recently introduced three new Digital Xpress concept
stores in Mumbai.
Reliance Digital, the electronics arm of Reliance Retail, with the
initiation of its new concept stores referred as ‘Digital Xpress’ has launched
a differentiated technology experience for consumers. With three new Digital
Xpress stores positioned in Mumbai at Bhandup, Bandra and Prabhadevi, Reliance
Digital now focuses on delivering solutions that cater to the emerging
entertainment and technology needs of today’s consumers.
Speaking about the new concept store, Brian Bade, CEO, Reliance Digital said,
“Digital Xpress is arguably the world’s coolest technology concept that aims to
open new avenues for consumers to customize technology equipment for optimum
use. At Digital Xpress we provide a range of services that ensure users
experience peak performance of their latest gadgets. The well-informed and
technologically aware Digital Xpress representatives will help consumers find
the right technology solutions through personalized guidance.”
Reliance Digital Xpress has been designed to create awareness about the
latest technological advancements and bring solutions that allow consumers to
optimize the utility of their devices and ensure peak performance. Besides
this, the new concept stores will help users discover technology solutions for
their daily needs that ensure unlimited entertainment while allowing them to
work better as well as create functional home solutions and enhance social
networking capabilities. The solutions ranges from providing the best
‘connected entertainment experience’ where enthusiasts can access and enjoy
their videos and music from anywhere in the world and through multiple devices,
providing the best social networking experience through innovative networking
and video-chatting solutions, providing the latest home-monitoring technology
to keep homes safe and helping people work smarter with the latest office
solutions. Reliance Digital Xpress provides these solutions not only through its
wide range of smart products, but also through its customized service for each
solution at a very reasonable cost. The Digital Xpress stores house latest
gadgets including smart phones, ultra books, HD speakers, music players, smart
TVs and many more such gadgets which make a better lifestyle.
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 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.58.91 |
|
|
1 |
Rs.90.68 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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.