MIRA
INFORM REPORT
|
Report Date : |
29.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE RETAIL LIMITED (w.e.f. 13.07.2013) RELIANCE DIGITAL RETAIL LIMITED (AMALGAMATED WITH) RELIANCE RETAIL
LIMITED |
|
|
|
|
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) : |
31.03.2013 |
|
|
|
|
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
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 199300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Reliance Group” a well–known and reputed
industrial house. It is an established company having satisfactory track record. The company has recorded huge accumulated losses from its operations
however, the rating takes into consideration, the financially strong and
resourceful percentage of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. In view of strong group, the company can be considered normal for business
dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Fund Based Bank Facility= AAA |
|
Rating Explanation |
Highest degree of safety. It carry lowest credit risk |
|
Date |
March 28, 2014 |
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.
INFORMATION DENIED
Management Non Cooperative.
Contact No.: 91-22-44772522 / 44770000
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 30.12.2013
|
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 : |
2/36, 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. Sanjay Narayan Jog |
|
Designation : |
Additional director |
|
Address : |
B – 702, Rushi Towers, Lokhandwala Complex, Swami Samarth Nagar, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
02.02.1960 |
|
Date of Appointment : |
24.12.2013 |
|
DIN No.: |
01727602 |
KEY EXECUTIVES
|
Name : |
Mr. Akanksha Nilay Mota |
|
Designation : |
Secretary |
|
Address : |
07- Alok Society Sant Tukaram Road Mulund (East), Mumbai - 400081 |
|
Date of Birth/Age : |
22.04.1985 |
|
Date of Appointment : |
18.07.2013 |
|
PAN No.: |
AJVPM9052A |
MAJOR SHAREHOLDERS
As on 30.12.2013
Note: Shareholding details file attached
Equity Share Break up (Percentage of Total Equity)
As on 30.12.2013
|
Category |
Percentage |
|
Bodies corporate |
99.93 |
|
Others |
0.07 |
|
Total |
100.00 |
%20RELIANCE%20RETAIL%20LIMITED%20-%20265054_MIRA%2029-Apr-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Departmental Stores. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||
|
|
|
|||||||||||||||
|
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: (As on 31.03.2013) |
Reliance Industries Limited, India CIN: L17110MH1973PLC019786 |
|
|
|
|
Holding company: (As on 31.03.2013) |
·
Reliance Universal Ventures Limited (From
30-11-2012) [U51109MH2007PLC167805] ·
Reliance Retail Ventures Limited (From
30-11-2012) [U51909MH2006PLC166166] (formerly
Reliance Commercial Associates Limited) ·
Reliance Industrial Investments and Holdings
Limited (From 30-11-2012 to 05-03-2013) |
|
|
|
|
Subsidiaries: (As on 31.03.2013) |
·
Delight Proteins Limited, India CIN: U74140MH2000PLC128371 Reliance Agri Products Distribution
Limited (U52100MH2007PLC175530) ·
Reliance Dairy Foods Limited, India (from 31st January, 2012) CIN: U15419MH2006PLC165826 ·
Reliance F and B Services Limited, India CIN: U85190MH2000PLC126442 ·
Reliance Food Processing Solutions Limited, India CIN: U51101MH2007PLC175511 ·
Reliance Home Products Limited, India CIN: U52599MH2007PLC176409 Reliance Home Store Limited (upto 30th
January, 2012) CIN:U51101MH2007PLC175510 ·
Reliance
Leisures Limited
(U52100MH2007PLC175533) ·
Reliance Loyalty and Analytics Limited,
India (from 31st January, 2012) CIN: U51101MH2007PLC175624 ·
Reliance Petro Marketing Limited, India CIN: U74210MH1999PLC120377 ·
Reliance Replay Gaming Limited, India (from 31st
January, 2012) CIN: U51109MH2008PLC185068 ·
Reliance Review Cinema Limited, India (from 31st January, 2012) CIN: U51109MH2008PLC185095 Reliance Supply Chain Solutions
Limited (U52190MH2007PLC175508) ·
Retail Concepts and Services (India) Limited (upto 30th January, 2012) ·
RESQ Limited [U52599MH2007PLC168275] ·
Reliance Retail Insurance ·
Broking Limited [U67200MH2006PLC165651] ·
Reliancedigital Retail Limited
[U70102MH2007PLC170415] ·
Reliance Trends Limited [U51909MH2006PLC166165] ·
Reliance Footprint Limited
[U51101MH2007PLC171321] ·
Reliance Autozone Limited [U74140MH2000PLC128398] ·
Reliance Trade Services Centre Limited
[U51900MH2007PLC175636] ·
Reliance Digital Media Limited
[U51909MH2007PLC175652] ·
Reliance Office Solutions Private Limited
[U51109MH2008PTC185092] ·
LPG Infrastructure (India) Limited
[U65990MH1992PLC067949] ·
Reliance Nutritious Food Products Limited
[U51109MH2008PLC185094] ·
Reliance Financial Distribution and Advisory
Services Limited [U65990MH2007PLC170804] ·
Reliance Infrastructure Management Services
Limited [U51900MH2007PLC175640] ·
Reliance Integrated Agri Solutions Limited
[U51909MH2007PLC167793] ·
Reliance People Serve Limited
[U93090MH2007PLC167786] ·
Achman Commercial Private Limited
[U51109MH2008PTC185494] ·
Reliance Personal Electronics Limited
[U51109MH2007PLC176416] ·
Reliance Retail Finance Limited
[U17110MH2000PLC123731] ·
Reliance Retail Securities and Broking Company
Limited [U51900MH2007PLC175670] ·
Reliance-GrandOptical Private Limited
[U51900MH2007PTC175638] ·
Reliance Styles India Limited
U17120MH2008PLC180309 |
|
Fellow subsidiaries: (As on 31.03.2013) |
·
Strategic Manpower Solutions Limited, India CIN: U74999MH2007PLC167704 ·
Reliance Payment Solutions Limited
[U65923MH2007PLC173923] ·
Reliance Brands Limited [U51900MH2007PLC174470] ·
Reliance Corporate IT Park Limited
[U74140MH2001PLC131458] ·
Reliance Polyolefins Limited
[U99999MH1992PLC065847] ·
Indiawin Sports Private Limited
[U51109MH2007PTC176254] ·
Reliance Jio Infocomm Limited [U72900MH2007PLC234712] ·
Reliance Industrial Investments and Holdings
Limited [U65910MH1986PLC041081] ·
Reliance Commercial Land and Infrastructure
Limited [U51109MH2008PLC185389] ·
Reliance Security Solutions Limited
[U51109MH2008PLC185401] ·
Reliance Commercial Realty Assets Limited
[U52100MH2007PLC172129] ·
Reliance Hyper Realty Limited
[U51909MH2006PLC166163] ·
Reliance Style Fashion India Private Limited
[U51310MH2008PTC178078] ·
Reliance Industries Investment and Holding Limited [U67190MH2007PLC168008] ·
Reliance Strategic Investments Limited
[U65990MH1999PLC120918] ·
Reliance Petroinvestments Limited
[U72900MH1999PLC121039] |
|
|
|
|
Joint venture : |
·
Reliance Gen Next Commercials Private Limited
[U70102MH2008PTC183776] ·
Reliance New Gen Commercials Private Limited
[U70102MH2008PTC183777] ·
Reliance-GrandVision India Supply Private Limited
[U51109MH2007PTC176276] ·
Reliance-Vision Express Private Limited
[U51900MH2007PTC175637] ·
Marks and Spencer Reliance India Private Limited [U51900MH2007PTC175711] ·
Supreme Tradelinks Private Limited (wholly owned
subsidiary of Marks and Spencer Reliance India Private Limited)
[U51311RJ2002PTC017552] ·
Office Depot Reliance Supply Solutions Private
Limited [U36991MH1999PTC119874] |
CAPITAL STRUCTURE
As on 30.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 150000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,989,541,650 |
Equity Shares |
Rs.10/- each |
Rs.
49895.417 Millions |
|
|
|
|
|
As on 31.03.2013
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 |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.500 |
10.500 |
10.500 |
|
(b) Reserves & Surplus |
(82.800) |
(12950.900) |
(10213.300) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
49884.900 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
49812.600 |
(12940.400) |
(10202.800) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9267.400 |
58728.300 |
47581.700 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
225.300 |
108.800 |
70.000 |
|
Total Non-current Liabilities (3) |
9492.700 |
58837.100 |
47651.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
9737.400 |
3085.500 |
2073.100 |
|
(c) Other current
liabilities |
3126.800 |
1089.500 |
563.400 |
|
(d) Short-term provisions |
9.800 |
5.600 |
15.200 |
|
Total Current Liabilities (4) |
12874.000 |
4180.600 |
2651.700 |
|
|
|
|
|
|
TOTAL |
72179.300 |
50077.300 |
40100.600
|
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
16423.400 |
23244.200 |
23629.300 |
|
(ii) Intangible Assets |
5.800 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
4158.700 |
3811.700 |
3221.900 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9953.300 |
2455.400 |
19.100 |
|
(c) Deferred tax assets (net) |
8034.100 |
6165.100 |
4677.400 |
|
(d) Long-term Loan and Advances |
8645.300 |
5861.900 |
4017.800 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
47220.600 |
41538.300 |
35565.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
200.200 |
0.000 |
0.000 |
|
(b) Inventories |
19592.300 |
5313.700 |
3237.000 |
|
(c) Trade receivables |
1643.400 |
1480.900 |
295.100 |
|
(d) Cash and cash
equivalents |
894.900 |
203.200 |
144.200 |
|
(e) Short-term loans and
advances |
2627.500 |
1541.100 |
858.800 |
|
(f) Other current assets |
0.400 |
0.100 |
0.000 |
|
Total Current Assets |
24958.700 |
8539.000 |
4535.100 |
|
|
|
|
|
|
TOTAL |
72179.300 |
50077.300 |
40100.600 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
91260.300 |
38378.400 |
28670.000 |
|
|
|
Other Income |
191.200 |
8.500 |
256.400 |
|
|
|
TOTAL (A) |
91451.500 |
38386.900 |
28926.400 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
74208.200 |
33270.800 |
24295.500 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(1810.400) |
(2034.700) |
105.400 |
|
|
|
Employee benefit expense |
3732.500 |
1752.800 |
1078.300 |
|
|
|
Other expenses |
13872.300 |
7564.100 |
7163.100 |
|
|
|
TOTAL (B) |
90002.600 |
40553.000 |
32642.300 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1448.900 |
(2166.100) |
(3715.900) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
734.800 |
2.400 |
1.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
714.100 |
(2168.500) |
(3717.500) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2804.800 |
2056.800 |
1106.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(2090.700) |
(4225.300) |
(4823.600) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(738.600) |
(1487.700) |
(1365.400) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(1352.100) |
(2737.600) |
(3458.200) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(12950.900) |
(10213.300) |
(4119.278) |
|
|
|
|
|
|
|
|
|
|
Transferred on Demerger |
0.000 |
0.000 |
(2635.800) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(11598.800) |
(12950.900) |
(10213.300) |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share |
(2.70) |
(2607.24) |
(13536.01) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(1.48) |
(7.13)
|
(11.96) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.29) |
(11.01)
|
(16.82) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.18) |
(11.22)
|
(14.99) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04) |
(0.33)
|
(0.47) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.19 |
(4.54)
|
(0.47) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94 |
2.04
|
1.71 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
10.500 |
10.500 |
10.500 |
|
Reserves & Surplus |
(10213.300) |
(12950.900) |
(82.800) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
49,884.900 |
|
Net
worth |
(10,202.800) |
(12,940.400) |
49,812.600 |
|
|
|
|
|
|
long-term borrowings |
47581.700 |
58728.300 |
9267.400 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
47,581.700 |
58,728.300 |
9,267.400 |
|
Debt/Equity
ratio |
(4.664) |
(4.538_ |
0.186 |
%20RELIANCE%20RETAIL%20LIMITED%20-%20265054_MIRA%2029-Apr-2014_files/image004.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
28670.000 |
38378.400 |
91260.300 |
|
|
|
33.863 |
137.791 |
%20RELIANCE%20RETAIL%20LIMITED%20-%20265054_MIRA%2029-Apr-2014_files/image006.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
28670.000 |
38378.400 |
91260.300 |
|
Profit |
(3458.200) |
(2737.600) |
(1352.100) |
|
|
(12.06%) |
(7.13%) |
(1.48%) |
%20RELIANCE%20RETAIL%20LIMITED%20-%20265054_MIRA%2029-Apr-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Current Maturities of Long-Term Debt |
24.700 |
6.200 |
5.300 |
|
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 |
Yes |
Note
· “RELIANCE RETAIL LIMITED” CIN: U17120MH1998PLC114010 has been merged with “RELIANCE FRESH LIMITED” CIN: U01100MH1999PLC120563.
· Further “RELIANCE FRESH LIMITED” CIN: U01100MH1999PLC120563 has changed its name to “RELIANCE RETAIL LIMITED” bearing the same CIN.
SCHEME OF ARRANGEMENT AND AMALGAMATION
In terms of the
Scheme of Arrangement and Amalgamation (“the Scheme”) under sections 391 to 394
of the Companies Act, 1956 as sanctioned by the Bombay High Court, the domestic
trading divisions of Reliancedigital Retail Limited, Reliance Footprint
Limited, Reliance Gems and Jewels Limited, Reliance Leisures Limited and
Reliance Trends Limited were demerged into and vested with the Company.
Pursuant to the Scheme, Reliance Autozone Limited, Reliance Digital Media
Limited, Reliance Replay Gaming Limited, RESQ Limited and Reliance Retail
Limited were amalgamated with the Company. The Scheme has come into effect on 1
st July, 2013, the appointed date of the Scheme being 1 st April, 2012.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
9200.000 |
58708.000 |
|
Total |
9200.000 |
58708.000 |
OPERATIONS :
The Company Continued its growth journey during the year with new store
launches as well as strong same store sales growth across various farmats. The
business registered revenue of Rs. 91260.300 Millions In the financial year.
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
Housesenapati Bapat Marg, Lower Parel W |
B35773571 |
|
2 |
10154320 |
30/03/2009 |
22,500,000.00 |
HDFC BANK
LIMITED |
HDFC Bank
Housesenapati Bapat Marg, Lower Parel W |
A60806841 |
|
3 |
10065388 |
28/02/2007 |
100,000,000.00 |
HDFC BANK
LIMITED |
HDFC Bank
Housesenapati Bapat Marg, Lower Parel W |
A12463303 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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.60.50 |
|
|
1 |
Rs.101.69 |
|
Euro |
1 |
Rs.83.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
45 |
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.