1. Summary Information
|
Country |
India |
||
|
Company Name |
RELIANCE RETAIL
LIMITED |
Principal Name 1 |
Mr. Pankaj Mohan Pawar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Pramod Madhukar Bhawalkar |
|
Registration # |
11-120563 |
||
|
Street Address |
3rd
Floor, Court House, Lokmanya Tilak Marg , Dhobi Talao, Mumbai - 400002,
Maharashtra |
||
|
Established Date |
29.06.1999 |
SIC Code |
-- |
|
Telephone# |
91-22-44770000 |
Business Style 1 |
Departmental Stores |
|
Fax # |
91-22-44771882 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# 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 |
14 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate holding company |
India |
Reliance Industries Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
9,087,200,000 |
Current Liabilities |
4,175,000,000 |
|
Inventories |
5,313,700,000 |
Long-term Liabilities |
58,728,300,000 |
|
Fixed Assets |
23,244,200,000 |
Other Liabilities |
114,400,000 |
|
Deferred Assets |
6,165,100,000 |
Total Liabilities |
63,017,700,000 |
|
Invest& other Assets |
6,267,100,000 |
Retained Earnings |
(12,950,900,000) |
|
|
|
Net Worth |
(12,940,400,000) |
|
Total Assets |
50,077,300,000 |
Total Liab. & Equity |
50,077,300,000 |
|
Total Assets (Previous Year) |
40,030,600,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
38,378,400,000 |
Net Profit |
(2,737,600,000) |
|
Sales(Previous yr) |
28,670,000,000 |
Net Profit(Prev.yr) |
(3,458,200,000) |
MIRA INFORM REPORT
|
Report Date : |
13.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE RETAIL LIMITED (w.e.f. 13.07.2013) |
|
|
|
|
Formerly Known
As : |
RELIANCE FRESH LIMITED (w.e.f. 18.01.2008) RANGER FARMS LIMITED (w.e.f. 10.02.2007) RANGER FARMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Court House, Lokmanya Tilak Marg ,
Dhobi Talao, Mumbai - 400002, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.06.1999 |
|
|
|
|
Com. Reg. No.: |
11-120563 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01100MH1999PLC120563 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR19954E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR1718E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Departmental Stores |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
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 Group” a well known and a reputed
industrial house in the country. There appears huge accumulated losses during 2012. The net worth of
the company has been fully eroded. External borrowings have increased over
previous year. However, trade relations are fair. The status of the company appears
to be active with the registrar of companies. Payment terms are reported as
slow. In view of strong holding company, subject can be considered for
business dealings with great 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) |
|
|
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’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the trade deficit, resulting
in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in
the corresponding quarter of the previous financial year. The government aims
to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2
billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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 : |
3rd 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 Chambers IV, 222, Nariman Point, Mumbai –
400021, |
|
Tel. No.: |
91-22-44772522 |
|
Fax No.: |
91-22-22785211 |
DIRECTORS
As on 04.08.2012
|
Name : |
Mr. Pankaj Mohan Pawar |
|
Designation : |
Whole Time Director |
|
Address : |
302, Archana, Surabh, Plot No.20, Sector 7, Koparkhairne, Navi Mumbai – 400709, Maharashtra, India |
|
Date of Birth/Age : |
14.07.1972 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00085077 |
|
|
|
|
Name : |
Mr. Pramod Madhukar Bhawalkar |
|
Designation : |
Director |
|
Address : |
236, Om Trimurti CHS, Bhaktidham Marg, Off Sion Trombay Road,
Chunabhati, Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1957 |
|
Date of Appointment : |
04.08.2012 |
|
DIN No.: |
01114946 |
|
|
|
|
Name : |
Mr. Madhavan Ganesan |
|
Designation : |
Whole Time Director |
|
Address : |
C-Wing, 2004/20th Floor, Shree Ji, Heights Plot, Sector 46A, Nerul, Navi Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
07.09.1964 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
01674529 |
MAJOR SHAREHOLDERS
As on 04.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Retail Limited, India |
|
1049994 |
|
Rajendra Madhav Kamath Jointly With Reliance Retail Limited, India |
|
1 |
|
Sudhakar Saraswatula Jointly With Reliance Retail Limited, India |
|
1 |
|
Sridhar Kothandaranman With Reliance Retail Limited , India |
|
1 |
|
Pankaj Mohan Pawar Jointly With Reliance Retail Limited, India |
|
1 |
|
Madhavan Ganesan jointly with Reliance Retail Limited, India |
|
1 |
|
A Ramaswamy jointly with Reliance Retail Limited, India |
|
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 : |
Departmental Stores |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai - 400013, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714/715, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400 021, |
|
PAN.: |
AAAFC0662N |
|
|
|
|
Name : |
S. V. Ghatalia and Associates Chartered Accountants |
|
Address : |
16th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar (West), Mumbai 400028, Maharashtra, India |
|
PAN.: |
AACFS6921Q |
|
|
|
|
Ultimate holding company: |
Reliance Industries Limited, India CIN: L17110MH1973PLC019786 |
|
|
|
|
Holding company: |
Reliance Retail Limited, India CIN: U17120MH1998PLC114010 |
|
|
|
|
Subsidiaries: |
CIN: U74140MH2000PLC128371
CIN: U65990MH1992PLC067949
CIN: U74140MH2000PLC128398
CIN: U15419MH2006PLC165826
CIN: U85190MH2000PLC126442
CIN: U51101MH2007PLC175511
CIN: U52599MH2007PLC176409
CIN: U51101MH2007PLC175624
CIN: U74210MH1999PLC120377
CIN: U51109MH2008PLC185068
CIN: U51109MH2008PLC185095
CIN: U51109MH2008PLC185094 |
|
Fellow subsidiaries: |
CIN: U51109MH2007PTC176254
CIN: U72900MH2007PLC234712
CIN: U51900MH2007PLC174470
CIN: U74140MH2001PLC131458
CIN: U51909MH2007PLC175652
CIN: U65990MH2007PLC170804
CIN: U51109MH2008PLC185389
CIN: U51101MH2007PLC171321
CIN: U25199MH1998PLC114011
CIN: U51101MH2007PLC175510
CIN: U65910MH1986PLC041081
CIN: U52100MH2007PLC175530
CIN: U51900MH2007PLC175640
CIN: U51909MH2007PLC167793
CIN: U45300GJ1999PLC036347
CIN: U52100MH2007PLC175533
CIN: U01403MH2007PLC172415
CIN: U51109MH2008PTC185092
CIN: U65923MH2007PLC173923
CIN: U93090MH2007PLC167786
CIN: U99999MH1992PLC065847
CIN: U67200MH2006PLC165651
CIN: U51109MH2008PLC185401
CIN: U65990MH1999PLC120918
CIN: U52190MH2007PLC175508
CIN: U51900MH2007PLC175636
CIN: U51909MH2006PLC166165
CIN: U51109MH2007PLC167805
CIN: U70102MH2007PLC170415
CIN: U70109HR2006PLC036416
CIN: U52599MH2007PLC168275
CIN: U15130MH2003PLC139197
CIN: U74999MH2007PLC167704 |
CAPITAL STRUCTURE
After 04.08.2012
Authorised Capital : Rs.150000.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.49905.917
Millions
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 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.500 |
10.500 |
|
(b) Reserves & Surplus |
|
(12950.900) |
(10213.300) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(12940.400) |
(10202.800) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
58728.300 |
47581.700 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
108.800 |
70.000 |
|
Total Non-current
Liabilities (3) |
|
58837.100 |
47651.700 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
3085.500 |
2073.100 |
|
(c) Other
current liabilities |
|
1089.500 |
563.400 |
|
(d) Short-term
provisions |
|
5.600 |
15.200 |
|
Total Current
Liabilities (4) |
|
4180.600 |
2651.700 |
|
|
|
|
|
|
TOTAL |
|
50077.300 |
40100.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
23244.200 |
23629.300 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
3811.700 |
3221.900 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2455.400 |
19.100 |
|
(c) Deferred tax assets (net) |
|
6165.100 |
4677.400 |
|
(d) Long-term Loan and Advances |
|
5861.900 |
4017.800 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
41538.300 |
35565.500 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
5313.700 |
3237.000 |
|
(c) Trade
receivables |
|
1480.900 |
295.100 |
|
(d) Cash
and cash equivalents |
|
203.200 |
144.200 |
|
(e)
Short-term loans and advances |
|
1541.100 |
858.800 |
|
(f) Other
current assets |
|
0.100 |
0.000 |
|
Total Current
Assets |
|
8539.000 |
4535.100 |
|
|
|
|
|
|
TOTAL |
|
50077.300 |
40100.600 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(4119.319) |
|
|
NETWORTH |
|
|
(4118.819) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
5.893 |
|
|
2] Unsecured Loans |
|
|
21002.895 |
|
|
TOTAL BORROWING |
|
|
21008.788 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
16889.969 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
6018.618 |
|
|
Capital work-in-progress |
|
|
5288.751 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
4.900 |
|
|
DEFERREX TAX ASSETS |
|
|
2010.473 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2146.706
|
|
|
Sundry Debtors |
|
|
522.187
|
|
|
Cash & Bank Balances |
|
|
179.364
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
2105.282
|
|
Total
Current Assets |
|
|
4953.539
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1331.294
|
|
|
Other Current Liabilities |
|
|
0.040
|
|
|
Provisions |
|
|
54.978
|
|
Total
Current Liabilities |
|
|
1386.312
|
|
|
Net Current Assets |
|
|
3567.227
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
16889.969 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
38378.400 |
28670.000 |
20827.300 |
|
|
|
Other Income |
8.500 |
256.400 |
12.800 |
|
|
|
TOTAL (A) |
38386.900 |
28926.400 |
20840.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
33270.800 |
24295.500 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(2034.700) |
105.400 |
|
|
|
|
Employee benefit expense |
1752.800 |
1078.300 |
|
|
|
|
Other expenses |
7564.100 |
7163.100 |
|
|
|
|
TOTAL (B) |
40553.000 |
32642.300 |
22347.300 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(2166.100) |
(3715.900) |
(1507.200) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.400 |
1.600 |
0.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(2168.500) |
(3717.500) |
(1508.000) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
2056.800 |
1106.100 |
662.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(4225.300) |
(4823.600) |
(2170.900) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(1487.700) |
(1365.400) |
(819.300) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(2737.600) |
(3458.200) |
(1351.600) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(10213.300) |
(4119.278) |
(2767.678) |
|
|
|
|
|
|
|
|
|
|
Transferred on Demerger |
0.000 |
(2635.800) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(12950.900) |
(10213.300) |
(4119.278) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
NA |
NA |
136.740 |
|
|
|
Capital Goods |
NA |
NA |
0.141 |
|
|
TOTAL IMPORTS |
NA |
NA |
136.881 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share |
(2607.24) |
(13536.01) |
(27032.82) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(7.13)
|
(11.96) |
(6.49) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(11.01)
|
(16.82) |
(10.42) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.22)
|
(14.99) |
(19.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.33)
|
(0.47) |
(0.53) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(4.54)
|
(0.47) |
(5.43)
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04
|
1.71 |
3.57
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
58708.000 |
47573.600 |
|
Total |
58708.000 |
47573.600 |
OPERATIONAL
REVIEW:
During the year, the Company witnessed strong growth in sales from
existing stores and also added new stores. The Company operates Value Format
that comprises of Reliance Fresh, Reliance Super, Reliance Mart, Delight and Autozone.
Together these formats consist of over 700 stores and contribute to dominant
share of retail space and turnover. The
Company is the largest grocery retailer in the Country.
The neighborhood format catering to daily shopping needs Reliance Fresh
continues to grow with strong same store sales growth.
The Company launched its new prototype of Reliance Mart and Reliance
Super during the year and has received an overwhelming response from customers.
The Company will be rolling out more stores in Financial Year 2012-13, which
are currently in various stages of construction and planning.
The Company launched its first wholesale format under the name of
Reliance Market in Ahmedabad. Reliance Market is infusing new life in
traditional transactions with professional customers and boosting their
entrepreneurial capacity. It is generating sustained value by creating
employment and most importantly, self-belief in small shopkeepers, as it
partners with the traditional trade. The first pilot store boasting of an area
of 100,000 sq ft caters to kirana stores, small businesses, restaurants and
various other institutional buyers. Encouraged by the success, the company will
rapidly expand the format.
Having built a strong foundation for growth and the continuous focus on
providing superior value propositions, the directors are confident of robust
performance by the Company in the coming years
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10344114 |
01/03/2012 |
42,500,000.00 |
HDFC Bank Limited |
HDFC Bank house Senapati Bapat Marg, Lower Parel West, Mumbai- 400013,
Maharashtra, India |
B35773571 |
|
2 |
10154320 |
30/03/2009 |
22,500,000.00 |
HDFC Bank Limited |
HDFC Bank house Senapati Bapat Marg, Lower Parel West, Mumbai- 400013,
Maharashtra, India |
A60806841 |
|
3 |
10044047 |
30/03/2007 |
35,000,000.00 |
ICICI Bank Limited |
Landmark Race Cource Circle, Alkapuri, Baroda 390015, Gujarat, India |
A13253638 |
|
4 |
10065388 |
28/02/2007 |
100,000,000.00 |
HDFC Bank Limited |
HDFC Bank house Senapati Bapat Marg, Lower Parel West, Mumbai- 400013,
Maharashtra, India |
A12463303 |
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
Guarantees |
112.000 |
89.300 |
|
Estimated amount of contracts remaining to
be executed on capital account and not provided for |
392.100 |
337.700 |
FIXED ASSETS
- Plant and
equipment
- Furniture and
fixtures
- Vehicles
NEWS:
RIL'S RETAIL UNITS SET FOR MERGER
Reliance Industries Limited (RIL) is set to carry out a major restructuring exercise. Nine of its retail units would be merged with Reliance Retail and Reliance Fresh. Last month, the Bombay High Court had approved the merger. The nine companies - Retail, Reliance Footprint, Reliance Gems and Jewels, Reliance Leisures, Reliance Trends, Reliance Autozone, Reliance Digital Media, Reliance Replay Gaming and RESQ - are wholly-owned subsidiaries of Reliance Fresh which, in turn, is a wholly-owned subsidiary of Reliance Retail.
In a petition to the court, RIL had said the restructuring would lead to better
cash management, enabling Reliance Fresh to improve its financials. It would
also result in an increased asset base and help expand. An RIL spokesperson did
not reply to calls by Business Standard. The operations of these firms might be
divided into domestic and international segments.
The restructuring is aimed at housing all domestic operations of these
companies under a single company---Reliance Fresh---and all international
operations under a different company---Reliance Trends.
The merger of the companies with Reliance Fresh would result in the activities
connected to organised retail being consolidated into a single company.
"The restructuring will also result in an improvement in cash management,
enabling Reliance Fresh to improve its financial position, have an increased
asset base and expand operations," the RIL counsel said.
The court order said the restructuring would strengthen the leadership, in
terms of revenues, product range and volumes, resulting in enhanced shareholder
value. The process would also simplify business structure by eliminating
multiple entities engaged in similar activities; connected operations can be
conveniently combined, creating a single unified entity in place of a holding
company and subsidiary companies.
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.63.29 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
31 |
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.