MIRA INFORM REPORT

Report Date :

30.01.2014

IDENTIFICATION DETAILS

Name :	RELIANCE JIO INFOCOMM LIMITED (w.e.f.22.01.2013)
Formerly Known As :	INFOTEL BROADBAND SERVICES LIMITED (w.e.f.19.07.2010) INFOTEL BROADBAND SERVICES PRIVATE LIMITED
Registered Office :	3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai - 400021, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	15.02.2007
Com. Reg. No.:	11-234712
Capital Investment / Paid-up Capital :	Rs.78222.000 Millions
CIN No.: [Company Identification No.]	U72900MH2007PLC234712
TAN No.: [Tax Deduction & Collection Account No.]	PTLI10699D / MUMI179B
PAN No.: [Permanent Account No.]	AABCI6363G
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of providing Broadband Services, Telecom and Information Technology enabled and related services.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

B (29)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 312200000
Status :	Project Under Implementation
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a subsidiary of ‘Reliance Industries Limited’. The project of the company is under implementation stage. It holds an All India Internet Services Provider (ISP) Category ‘A’ License. The capitalbase of the company is good. It receives better support from its holding company. Payment terms are unknown. 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 – December 1, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

The services sector, the largest contributor to India’s GDP, contracted for the sixth consecutive month in December, as orders dipped. However, hiring has risen.  Direct tax collections rose 12.3 % during the April – December period of the current financial year.  The government has decided to retain 100 per cent foreign direct investment in both greenfield (new) and brown field (existing) pharmaceutical companies, despite concerns over genetic drugs going out of production, if multi-national companies take over domestic ones. In M&A deals, a non compete clause would not be allowed, except in special circumstances. The Department of Industrial Policy and Promotion plans to release the next edition of its consolidated foreign direct investment policy document on March 31, incorporating changes made in the past year. DIPP compiles all policies related to India’s FDI regime into a single document to make it easy for investors to understand. 185 million estimated number of mobile internet users in India by June 2014, according to a report by the Internet & Mobile Association of India and IMRB International.  India had 110 million mobile internet users with 25 million in rural areas. $3.77 tn estimated global IT spending in 2014, according to research firm Gartner Inc. The growth forecast for this year is cut to 3.1 %from the earlier estimate of 3.5 %. The spending growth forecast for telecom services – a segment that accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is the main reason for this overall IT cut. A Reserve Bank of India committee has recommended setting up a special category of lenders who would cater to small businesses and households, to expand the number of customers with access to banking services. These banks would focus onproviding payment services and deposit products.  Indian banks want the free use of automated teller machines to be capped at five transactions in a month including that of the bank in which the account is active. This follows state government order to banks to install security guards at ATM booths after a woman banker was assaulted in Bangalore. The government is likely to present a vote on Account in mid-February. The annual Economic Survey will be tabled later in Parliament along with the full Budget. A full Budget for 2014/15 is likely to be present in July by the new government formed after the General Election. The government will soon launch an internet spy system, called Netra, to detect malafide messages. Security agency will deploy the system to capture dubious voice traffic on applications such as Skype and Google Talk, as well as tweeters.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	PPD 1 = AAA (So)
Rating Explanation	Highest degree of safety and carry lowest credit risk
Date	01.11.2013

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 Co-Operative (Tel No.: 91-22-22785500)

LOCATIONS

Registered Office / Corporate Office :	3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai - 400021, Maharashtra, India
Tel. No.:	91-22-22785500
Fax No.:	91-22-22785560
E-Mail :	anuragp72@gmail.com jagdish.ptra@ril.com ratnesh.rukhariyar@ril.com
Head Office :	C-135, Industrial Aera, Phase 8, Mohali-160062, Punjab, India
Tel. No.:	91-172-4604341

DIRECTORS

As on 18.09.2013

Name :

Mr. Sandip Das

Designation :

Managing Director

Address :

4002/4102 Vivarea Jacob, Circle Saat Rasta, Saane Guruji Marg, Mumbai Central, Mumbai – 400011, Maharashtra, India

Date of Birth/Age :

11.01.1958

Date of Appointment :

18.09.2013

DIN No.:

00116303

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74999TN1992PLC039395	AIRCEL CELLULAR LIMITED	Director	13/06/2007	01/03/2007	15/04/2013	Active	NO
2	U32201TN1994PLC029608	AIRCEL LIMITED	Director	13/06/2007	01/03/2007	15/04/2013	Active	NO
3	U74999TN1998PLC040075	DISHNET WIRELESS LIMITED	Director	13/06/2007	01/03/2007	15/04/2013	Active	NO
4	U64202DL2006PTC144852	DECCAN DIGITAL NETWORKS PRIVATE LIMITED	Director	17/08/2007	17/08/2007	15/04/2013	Active	NO
5	U72900DL2006PTC146401	South Asia Communications Private Limited	Director	17/08/2007	17/08/2007	15/04/2013	Active	NO
6	U67100TN2012PLC086188	AIRCEL SMART MONEY LIMITED	Director	06/06/2012	06/06/2012	15/04/2013	Active	NO
7	U72900MH2007PLC234712	Reliance Jio Infocomm Limited	Managing director	18/09/2013	19/07/2013	-	Active	NO

Name :

Mr. Mukesh Dhirubhai Ambani

Designation :

Director

Address :

Sea Wind, 39, Cuffe Parade, Colaba, Mumbai-400005, Maharashtra, India

Date of Birth/Age :

19.04.1957

Date of Appointment :

07.09.2011

DIN No.:

00001695

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L17110MH1973PLC019786	RELIANCE INDUSTRIES LIMITED	Managing director	19/04/2009	01/04/1977	-	Active	NO
2	L23200GJ1969PLC001569	INDIAN PETROCHEMICALS CORPORATION LIMITED	Director	04/06/2002	04/06/2002	-	Amalgamated	NO
3	U80101MH2002NPL136300	Pratham Education Foundation	Director	24/06/2002	24/06/2002	04/09/2013	Active	NO
4	L11100GJ2005PLC048030	RELIANCE PETROLEUM LIMITED	Director	24/10/2005	24/10/2005	-	Amalgamated	NO
5	U67120MH2005PTC157980	KDA ENTERPRISES PRIVATE LIMITED	Director	22/09/2007	12/12/2005	-	Active	NO
6	U17120MH1998PLC114010	RELIANCE RETAIL LIMITED	Director	04/03/2006	04/03/2006	-	Amalgamated	NO
7	U72900MH2007PLC234712	Reliance Jio Infocomm Limited	Director	07/09/2011	22/06/2010	-	Active	NO
8	U85110MH2010NPL207270	RELIANCE FOUNDATION	Director	30/08/2010	30/08/2010	-	Active	NO
9	U52100MH2008PTC178019	IMG Reliance Private Limited	Director	29/09/2011	10/03/2011	12/12/2013	Active	NO
10	U51909MH2006PLC166166	Reliance Retail Ventures Limited	Director	30/12/2013	16/07/2013	-	Active	NO
11	AAA-1161	JANARDAN COMMERCIALS LLP	Designated Partner	31/05/2010	31/05/2010	-	Active	NO
12	AAA-1162	SHRIPAL ENTERPRISES LLP	Partner	30/05/2013	25/08/2010	-	Active	NO
13	AAA-1176	CHAKRADEV ENTERPRISES LLP	Designated Partner	31/05/2010	31/05/2010	-	Active	NO
14	AAA-8098	SHIVANGI COMMERCIALS LLP	Designated Partner	24/02/2012	24/02/2012	-	Active	NO

Name :

Mr. Manoj Harjivandas Modi

Designation :

Director

Address :

10A/B, Building No.26, Sudhakar Co-operative Housing Society, Narayan Dabholkar Road, Mumbai-400006, Maharashtra, India

Date of Birth/Age :

03.07.1957

Date of Appointment :

07.09.2011

DIN No.:

00056207

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72200KA1991PTC012483	TALLY SOLUTIONS PRIVATE LIMITED	Director	09/12/1999	09/12/1999	19/05/2009	Active	NO
2	L11100GJ2005PLC048030	RELIANCE PETROLEUM LIMITED	Director	24/10/2005	24/10/2005	27/03/2007	Amalgamated	NO
3	U17120MH1998PLC114010	RELIANCE RETAIL LIMITED	Director	04/03/2006	04/03/2006	-	Amalgamated	NO
4	U72900MH2007PLC234712	Reliance Jio Infocomm Limited	Director	07/09/2011	22/06/2010	-	Active	NO
5	L55101WB1949PLC017981	EIH LIMITED	Director	07/08/2012	31/10/2011	-	Active	NO
6	U51909MH2006PLC166166	Reliance Retail Ventures Limited	Director	30/12/2013	16/07/2013	-	Active	NO

Name :

Mr. Mahendra Nahata

Designation :

Director

Address :

House No.W-48, Greater Kailash, New Delhi-110048, India

Date of Birth/Age :

19.05.1959

Date of Appointment :

07.09.2011

DIN No.:

00052898

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L64200HP1987PLC007466	HIMACHAL FUTURISTIC COMMUNICATIONS LIMITED	Managing director	01/10/2012	11/05/1987	-	Active	NO
2	U64203HP1994PLC014541	EXICOM TELE-SYSTEMS LIMITED	Director	10/05/1994	10/05/1994	01/12/2008	Active	NO
3	U93090TN1960PLC004355	HTL LIMITED	Director	31/12/2002	31/12/2002	-	Active	NO
4	L00000MH1946PLC197474	Quadrant Televentures Limited	Director	29/04/2003	29/04/2003	09/04/2010	Active	NO
5	U64202DL2004PTC126863	INDIA CARD TECHNOLOGY PRIVATE LIMITED	Nominee director	24/05/2005	24/05/2005	-	Active	NO
6	U74140HP2007PTC031452	SUNVISION ENGINEERING COMPANY PRIVATE LIMITED	Director	22/08/2007	22/08/2007	14/09/2007	Amalgamated	NO
7	U72300DL2007PTC167902	SMART DIGIVISION PRIVATE LIMITED	Director	26/12/2008	19/02/2008	11/04/2011	Active	NO
8	U72900MH2007PLC204763	VIDEOCON TELECOMMUNICATIONS LIMITED	Additional director	10/06/2008	10/06/2008	15/12/2008	Active	NO
9	U72900MH2007PLC234712	Reliance Jio Infocomm Limited	Director	07/09/2011	26/02/2010	-	Active	NO
10	U51909DL2010PTC258607	Infotel Access Enterprises Private Limited	Director	01/04/2010	01/04/2010	-	Active	NO
11	U51909DL2010PTC258610	Infotel Gigaherz Enterprises Private Limited	Director	01/04/2010	01/04/2010	-	Active	NO
12	U93000DL2010PTC200097	DigiVive Services Private Limited	Director	12/09/2011	07/02/2011	-	Active	NO
13	U64200DL2010PTC211117	DragonWave HFCL India Private Limited	Director	07/12/2011	10/03/2011	-	Active	NO
14	U67190DL2011PTC213857	Digivision Holdings Private Limited	Director	10/08/2012	30/07/2011	-	Active	NO
15	U51909DL2010PTC252050	MN Ventures Private Limited	Director	29/09/2011	27/08/2011	-	Active	NO
16	U64202DL2008PTC172573	Digivision Wireless Private Limited	Director	28/09/2012	28/03/2012	-	Active	NO
17	AAA-6152	MN TELE-VENTURES LLP	Designated Partner	06/09/2011	06/09/2011	-	Active	NO

Name :

Mr. Sanjay Mashruwala

Designation :

Director

Address :

A1, Beach House, Gandhigram Road, Juhu, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

07.04.1948

Date of Appointment :

18.01.2013

DIN No.:

01259774

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U45200MH2006PTC159144	BECREL ENGINEERING PRIVATE LIMITED	Director	29/09/2007	12/03/2007	-	Amalgamated	NO
2	U99999GJ2000PTC050444	RELIANCE UTILITIES Private LIMITED	Director	29/09/2010	14/12/2009	-	Active	NO
3	U92100MH2013PTC239849	Reliance Jio Media Private Limited	Director	18/01/2013	18/01/2013	-	Active	NO
4	U72900MH2013PTC239846	Reliance Jio Cloudworks Private Limited	Director	18/01/2013	18/01/2013	-	Active	NO
5	U64200MH2013PTC239845	Reliance Jio Private Limited	Director	18/01/2013	18/01/2013	-	Active	NO
6	U32204MH2013PTC239944	Reliance Jio Electronics Private Limited	Director	23/01/2013	23/01/2013	-	Active	NO
7	U72900MH2007PLC234712	Reliance Jio Infocomm Limited	Managing director	18/09/2013	01/03/2013	-	Active	NO

Name :

Mr. Raja Kolumum Ramachandran

Designation :

Director

Address :

1703/1704, Building 1, Raheja Claassique, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra , India

Date of Birth/Age :

19.12.1956

Date of Appointment :

18.09.2013

DIN No.:

00006673

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65990GJ1996PLC030537	Luxor Investments Limited	Director	31/12/2001	31/12/2001	-	Amalgamated	NO
2	U60300GJ1999PLC040064	RELIANCE GAS TRANSPORTATION INFRASTRUCTURE LIMITED	Director	29/09/2006	15/05/2006	-	Active	NO
3	U22130DL2006PTC150563	ALPHA BROADCASTING CORPORATION PRIVATE LIMITED	Director	05/07/2006	05/07/2006	-	Active	NO
4	U67200MH2006PLC165651	RELIANCE RETAIL INSURANCE BROKING LIMITED	Director	20/11/2006	20/11/2006	-	Active	NO
5	U74999MH2007PTC167376	Dhanishta Commercials Private Limited	Director	25/09/2007	22/03/2007	-	Active	NO
6	U45102GJ1997PLC031906	RELIANCE PORTS AND TERMINALS LIMITED	Director	29/12/2007	09/06/2007	-	Active	NO
7	U24232MH2007PTC168160	RELIANCE PHARMACEUTICALS PRIVATE LIMITED	Director	21/08/2008	12/06/2007	-	Amalgamated	NO
8	U99999GJ2000PTC050444	RELIANCE UTILITIES Private LIMITED	Director	29/09/2008	10/08/2007	18/12/2009	Active	NO
9	U74140MH2000PLC128405	RELOGISTICS INFRASTRUCTURE LIMITED	Director	27/09/2008	26/11/2007	24/07/2012	Active	NO
10	U45400MH2007PLC171344	RELIANCE CONVENTION AND EXHIBITION CENTRE LIMITED	Director	29/09/2008	31/07/2008	-	Active	NO
11	U45400MH2007PLC171342	RELIANCE CORPORATE CENTRE LIMITED	Director	29/09/2008	31/07/2008	-	Active	NO
12	U45300GJ1999PLC036347	RELIANCE JAMNAGAR INFRASTRUCTURE LIMITED	Director	30/06/2010	14/12/2009	-	Amalgamated	NO
13	U52599MH2007PLC176409	RELIANCE HOME PRODUCTS LIMITED	Director	06/09/2010	15/12/2009	-	Amalgamated	NO
14	U72900MH2007PLC234712	Reliance Jio Infocomm Limited	Director	18/09/2013	01/03/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Jagdish Patra
Designation :	Secretary
Address :	A 102, Niharika Apartment, Knakai Space, Pokharan Road, No.2 Vasant Vihar, Thane – 400610, Maharashtra, India
Date of Birth/Age :	15.04.1970
Date of Appointment :	18.01.2013
PAN No.:	ADPP2428H

MAJOR SHAREHOLDERS

As on 18.09.2013

Names of Shareholders (Equity)	No. of Shares
Reliance Industries Limited, India	4797689995
K Sethuraman jointly with Reliance Industries Limited, India	1
K. R.Raja jointly with Reliance Industries Limited, India	1
Pankaj Mohan Pawar jointly with Reliance Industries Limited, India	1
Ramesh Kumar Damani jointly with Reliance Industries Limited, India	1
Kiran Mathew Thomas jointly with Reliance Industries Limited, India	1
Anant Nahata	75753000
Nextwave Communications Private Limited, India	37876500
Infotel Telecom Holdings Private Limited, India	6312750
Digivision Content Solutions Private Limited, India	4292670
Vikash Agarwal	2020080
Infotel Infocomm Enterprises Private Limited, India	126255000
Total	5050200000

Names of Preference Shareholders	No. of Shares
Reliance Industrial Investments and Holdings Limited, India	125000000
Reliance Industries Limited, India	2647000000
Total	2772000000

As on 14.11.2013

Names of Allottees (Preference)	No. of Shares
Reliance Industries Limited, India	4500000000
Total	4500000000

As on 18.09.2013

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	98.46
Directors or relatives of Directors	1.50
Other top fifty shareholders	0.04
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of providing Broadband Services, Telecom and Information Technology enabled and related services.

Products :

Products Description	ITC Code
Other Internet Telecommunication Services	99842909

GENERAL INFORMATION

No. of Employees :

Information denied by management

Bankers :

Axis Bank Limited, Maker Towers, 13^th Floor, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra, India

Tel No.:- 91-22-22165261

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Rupee term loans from banks	20.700	8.900
Total	20.700	8.900

Banking Relations :	--
Auditors :
Name :	Chaturvedi and Shah Chartered Accountant
Address :	714-715, Tulsiani Chambers, Nariman Point, Mumbai-400021, Maharashtra, India
PAN No.:	AAAFC0662N
Name :	S R Batliboi and Associates Chartered Accountant
Address :	The Ruby, 14^th Floor,, 29 Senapati Bapat Marg, Dadar (West), Mumbai-400028, Maharashtra, India
PAN No.:	AABFS3421N
Name :	Atul Kulshrestha and Company Chartered Accountants
Address :	506, Surya Kiran Building, K.G. Marg, Connaught Place, New Delhi – 110 001, India
Tel. No.:	91-11-41531330/ 41531331/ 41531332
E-Mail :	akc@consultant.com
PAN No.:	AAHFA0196J
Holding Company :	Reliance Industries Limited CIN No.:- L17110MH1973PLC019786
Subsidiaries :	· Infotel Telecom Limited CIN No.:- U64204MH2011PLC213276 · Rancore Technologies Private Limited CIN No.:- U74999MH2007PTC168562
Fellow Subsidiaries :	· Reliance Industrial Investments And Holdings Limited CIN No.:- U65910MH1986PLC041081 · Reliance Retail Limited CIN No.:- U01100MH1999PLC120563 · Reliance Digital Retail Limited CIN No.:- U70102MH2007PLC170415 · Reliance Leisures Limited CIN No.:- U52100MH2007PLC175533 · Reliance Security Solutions Limited CIN No.:- U51109MH2008PLC185401 · Reliance Corporate IT Park Limited CIN No.: U74140MH2001PLC131458 · RESQ Limited CIN No.: U52599MH2007PLC168275 · Reliance Footprint Limited CIN No.: U51101MH2007PLC171321 · Reliance Progressive Traders Private Limited CIN No.: U51100GJ2005PTC046466 · Reliance Eminent Trading and Commercial Private Limited CIN No.: U51100GJ2005PTC046538 · Reliance PROLIFIC TRADERS PRIVATE LIMITED CIN No.: U51100GJ2005PTC046464 · Reliance Gems and Jewels Limited CIN No.: U25199MH1998PLC114011

CAPITAL STRUCTURE

After 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
7500000000	Equity Shares	Rs.10/- each	Rs.75000.000 Millions
22500000000	Preference Shares	Rs.10/- each	Rs.225000.000 Millions
	Total		Rs.300000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5050200000	Equity Shares	Rs.10/- each	Rs.50502.000 Millions
7272000000	Preference Shares	Rs.10/- each	Rs.72720.000 Millions
	Total		Rs.123222.000 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
7500000000	Equity Shares	Rs.10/- each	Rs.75000.000 Millions
22500000000	Preference Shares	Rs.10/- each	Rs.225000.000 Millions
	Total		Rs.300000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5050200000	Equity Shares	Rs.10/- each	Rs.50502.000 Millions
2772000000	Preference Shares	Rs.10/- each	Rs.27720.000 Millions
	Total		Rs.78222.000 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	78222.000	51752.000	45335.000
(b) Reserves & Surplus	(168.800)	(111.300)	(58.100)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	78053.200	51640.700	45276.900
(3) Non-Current Liabilities
(a) long-term borrowings	101448.200	96321.400	86892.500
(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	2501.100	1439.000	3.100
Total Non-current Liabilities (3)	103949.300	97760.400	86895.600
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	5590.600	1691.000	1856.500
(d) Short-term provisions	14.300	3.700	0.000
Total Current Liabilities (4)	5604.900	1694.700	1856.500
TOTAL	187607.400	151095.800	134029.000
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2260.200	27.100	10.600
(ii) Intangible Assets	1.400	1.600	1.700
(iii) Capital work-in-progress	20140.200	1654.300	187.100
(iv) Intangible assets under development	158636.900	148039.900	133617.000
(b) Non-current Investments	61.000	61.000	0.600
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	3416.000	542.400	11.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	184515.700	150326.300	133828.000
(2) Current assets
(a) Current investments	81.100	55.600	15.600
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.400	0.300	0.500
(d) Cash and cash equivalents	14.200	11.200	9.300
(e) Short-term loans and advances	2996.000	702.400	175.600
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	3091.700	769.500	201.000
TOTAL	187607.400	151095.800	134029.000

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	0.500	1.200	2.000
		Other Income	2.500	3.500	4.600
		TOTAL (A)	3.000	4.700	6.600
Less	EXPENSES
		Purchases of Stock-in-trade	0.000	0.400	0.000
		Employees Benefits Expenses	21.100	20.400	4.300
		Other Expenses	31.200	27.500	45.400
		TOTAL (B)	52.300	48.300	49.700
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(49.300)	(43.600)	(43.100)
Less	FINANCIAL EXPENSES (D)		2.000	0.900	0.000
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(51.300)	(44.500)	(43.100)
Less	DEPRECIATION/ AMORTISATION (F)		6.200	8.700	5.100
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)		(57.500)	(53.200)	(48.200)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT/(LOSS) AFTER TAX (G-H) (I)		(57.500)	(53.200)	(48.200)
	IMPORTS VALUE		NA	162.900	23.200
	Earnings Per Share (Rs.)		(0.01)	(0.01)	(0.05)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(1916.67)	(1131.91)	(730.30)
Net Profit Margin (PBT/Sales)	(%)	(11500.00)	(4433.33)	(2410.00)
Return on Total Assets (PBT/Total Assets}	(%)	(1.07)	(6.66)	(22.60)
Return on Investment (ROI) (PBT/Networth)		0.00	0.00	0.00
Debt Equity Ratio (Total Debt /Networth)		1.30	1.87	1.92
Current Ratio (Current Asset/Current Liability)		0.55	0.45	0.11

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	Yes

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
Long Term Borrowings
Foreign currency term loans from banks	81427.500	76312.500
Non-convertible debentures banks	10000.000	10000.000
Non-convertible debentures others	10000.000	10000.000
Total	101427.500	96312.500

BUSINESS REVIEW

The Company which holds Broadband Wireless Access spectrum in all the 22 telecom circles of India, plans reliable fast internet connectivity on Pan India basis. In addition to connectivity, the Company also plans to enable solutions that address the entire value chain across various digital services in key domains of national interest education, healthcare, security, financial services, government-citizen interfaces and entertainment. The Company comprehensively address the requisite components of the customer need, thereby fundamentally enhancing the and experience of hundreds of millions of Indian citizens and organizations.

The Company plans to use Long Term Evolution (LTE) technology for its country wide next Generation network to provide connectivity and related digital services to its customers. In addition to LTE and its future versions, it to evaluate and deploy other technologies, both wireless and wireline, to offer comprehensive broadband consumers, small businesses, enterprises, government and other entities. The Company will focus on making available components of the entire digital value chain. To deliver such end-to-end solutions, the Company is in the process into agreements with its technology partners, service providers, infrastructure providers, application partners, manufacturers and other strategic partners. The Company aims to create a digital eco system which can be used industry, the government and above all, the people of this country.

The Company has also completed the detailed planning for Pan India implementation of the Infrastructure needed project. The Company continues to attract the best talent in the industry and is focusing on building a high performance The key leadership talent required for the setting up of the business are in place in the respective geographies and the current implementation phase.

India has a unique opportunity to leapfrog the world and become the global leader in ubiquitous delivery of digital applications and services. The Company is confident that in coming years, through its digital services, would change the lives of hundreds of millions of ordinary Indians.

OPERATIONAL REVIEW

The Company holds an All India Internet Service Provider (ISP) Category 'A' License which entitles it to provide countrywide ISP services in India. The Company is providing bandwidth to a few clients in a limited scale.

The Company was the only successful bidder in all of the 22 telecom service areas in the Broadband Wireless Access (“BWA”) spectrum auction conducted by Department of Telecommunications, Government of India. The Company can offer broadband services across the nation through the 20 Mhz, contiguous, pan-india spectrum secured through this acquisition.

The Company is in the process of setting up a world class broadband network using state-of-the-art technologies and finalizing the technical and commercial arrangements with the leading global technology companies, service providers, infrastructure providers, application developers, device manufacturers and few others to help usher the broadband revolution into India.

The Company perceives the broadband opportunity as a new frontier of knowledge economy in which it can take a leadership position and provide India with an opportunity to be in the forefront among the countries providing world class broadband network and services. The Company aims to be a comprehensive, value added digital services player, providing rich, affordable multimedia enabled digital services and experiences to crores of our citizens across entertainment, education, healthcare, agriculture, urban-rural market linkages, government-citizen interfaces, thereby increasing productivity and employment potential not only in the formal, but also informal sector of the economy which provides livelihood to more than 90% of the labour force. This makes the Company’s strategy closely aligned to India’s national goals.

NOTE: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS:

· Leasehold Improvement

· Plant and Machinery

· Office Equipment

· Furniture and Fixture

· ISP License Fee

NEWS:

RELIANCE JIO INFOCOMM GETS UNIFIED LICENCE FOR 4G SERVICES

By Gulveen Aulakh, ET Bureau |

23 Oct, 2013, 02.04AM IST

NEW DELHI: Mukesh Ambani-owned Reliance Jio Infocomm (RJI) received unified licence on Monday, according to people aware of the development. This would allow the company to offer all telecom services including voice telephony under a single licence.

The company owns broadband wireless spectrum across all 22 mobile zones in the country for which it paid Rs.128370.000 Millions in a government auction in 2010. It got a go ahead from the telecom department to test 10,000 mobile numbers to offer voice services a few months ago. RJI is learnt to have paid an additional Rs.16580.000 Millions to the government to comply with the new unified licence guidelines, issued in early August.

The company did not respond to an ET questionnaire seeking confirmation. Reliance Jio Infocomm and Bharti Airtel have permits and airwaves for offering fourthgeneration (4G) services and have been testing voice calls on these networks. India issued fresh guidelines to migrate to the new licence rules that offer liberalised spectrum from the existing set of rules.

According to these rules, internet service providers that own airwaves for broadband wireless access (BWA) and has got approval from DoT to provide voice services using the airwaves, will pay an additional fee of around Rs.16580.000 Millions — the difference between entry fee for access service licence and internet service licence.

Spectrum has been de-linked from licence which will be available for an entry fee of Rs.150.000 Millions, which is far lower than Rs.16580.000 Millions that mobile phone companies paid for obtaining nationwide mobile permits that came bundled with airwaves till 2008.

Airwaves will be sold through auction. Reliance Jio has already signed deals worth Rs.132000.000 Millions with Anil Ambani’s Reliance Communications, where the latter will share its towers and inter-city .F ibre-optic network to help rolling out 4G services.

RIL chairman Mukesh Ambani had said in the group’s annual general meeting in June that the launch of its 4G services was about a year away. Ambani had said that the company had finalised key vendor and supplier partnerships required for the initial launch of services

RELIANCE JIO TESTS 4G NETWORK AT IIT MUMBAI FEST

Mumbai: Reliance Jio Infocomm Limitd on Friday tested its 4G network at an event in IIT Mumbai campus by running trials of video calls and television service, among others.

Jio television has a feature that eliminates the need for recording content.

"LTE is about Learn to Earn. More than 78 per cent of Indian content comes from outside. We must work towards shifting content to India. We should look at creating Health Exchanges to create affordable Healthcare supported by broadband," RJIL's president for strategy and products, Mathew Oommen, said at the event.

RJIL is country's only pan-India 4G spectrum holder.

The company also deployed WiFi network at select locations in the campus. Visitors will be able to experience benefit of high speed wireless connectivity for hand held devices (smart phones and tablets) over a blend of LTE and Wifi networks.

A company executive while explaining products at the event said RJIL services are under trial and will be substantially refined as Jio gets ready for "its commercial launch".

Jio will also be using the event, 'Techfest', to conduct trials of some consumer 'beta' testing experience so as to improve the commercial product through the feedback they receive from customers.

The company at the event demonstrated Live TV and video on demand, with HD viewing experience. Live TV has 16 HD channels and total 101 channels. Video on demand has more than 400 movies.

Talking about Jio Television service, an executive said, "Catch-up TV with 7 days of stored content for each channel complements the viewing experience and eliminates the need to remember to record your favourite show."

The company at the event also demonstrated 3D TV experience and Ultra HD Video Experience on its 4G network.

BHARTI, RELIANCE JIO PARTNER FOR INTERNATIONAL DATA CONNECTIVITY

First Published: Tue, Apr 23 2013

New Delhi: Mukesh Ambani -controlled Reliance Jio Infocomm Limited, which is expected to roll out its 4G-based communications services in India this year, has signed an agreement with Bharti Airtel Limited to use international data capacity on its i2i submarine cable that links India and Singapore.

The submarine cable is expected to provide Reliance Jio access to Singapore, a crucial communication hub in the Asia Pacific region. The financial terms of the transaction were not disclosed.

The accord comes almost three weeks after Reliance Jio announced a Rs.12000.000 Millions deal with younger brother Anil Ambani controlled-Reliance Communications Limited for the latter’s 120,000 km fibre optic network connecting cities across India. This was the first commercial partnership between the two Ambani brothers since a 2010 truce between the feuding brothers. At the time of announcing this deal, Reliance Communications officials said that talks for sharing towers were ongoing.

Both the deals are for indefeasible right to use the network by Reliance Jio.

Bharti and Reliance Jio will continue to build on this strategic framework and consider other mutual areas of cooperation and development to leverage their respective assets, a joint statement issued on Tuesday said.

“The deal marks Reliance Jio’s continued efforts to rapidly grow and expand both its international and domestic network and infrastructure by building an ecosystem with multiple carriers and service providers,” the statement said.

Reliance Jio has not announced any tie-ups for telecom towers that it will need in the country or international optical fibre for the rest of the country.

Bharti has, through partnerships in consortiums, access to submarine cable capacity across the globe. These include partnerships in major cable systems like SeMeWe4 (connecting Chennai/Mumbai to Singapore and Europe), the Asia America Gateway, India Middle East and Western Europe, Unity, EIG (Europe India Gateway) and East Africa Submarine System. Bharti also has terrestrial connectivity to neighbouring countries including Nepal, Pakistan, Bhutan and China.

“Such deals are good from industry point of view as it results in sharing of infrastructure which is costly to build. It is a part of industry consolidation and could be a win-win for all including the ultimate consumer,” said Hemant Joshi, partner, Deloitte Haskins and Sells. “Networks should be viewed as National resources to be used for enabling GDP growth.”

The accord between Reliance Jio and Bharti may be the first of many such partnerships, according to analysts.

“Though this deal is not very big in size, there are some signals that there could be more partnerships coming. Bharti has a lot of unused capacity, as do the other operators, including Reliance Communications and Tata Teleservices,” said a Mumbai-based telecom analyst with a foreign brokerage.

RELIANCE COMMUNICATIONS DOUBLES INVESTORS’ WEALTH SINCE APRIL 2013

By ECONOMICTIMES.COM | 3 May, 2013,

NEW DELHI: Anil Ambani group company Reliance Communications BSE 4.85 % Limited has rallied nearly 100 per cent since April this year, largely led by optimism sparked by its Rs 12000.000 Millions fibre sharing agreement with RIL's subsidiary Reliance Jio Infocomm Limited.

Even on Friday, RComm rallied over 8 per cent in intraday trade to touch its 52-week high of Rs 111.85. The stock finally closed 4.8 per cent higher at Rs 110.15.

The recent upsurge in Anil Ambani group stocks comes amid reports of increased co-operation with his elder brother Mukesh Ambani-led Reliance group.

In the month of April, companies controlled by both brothers had said in separate statements that RIL-subsidiary Reliance Jio Infocomm Limited would pay Rs 12000.000 Millions as a onetime fee to use RComm's fibre network.

Most brokerage firms and analysts have given thumbs up to the Ambani brothers' fibre sharing agreement, and termed the deal as a 'win-win' situation for both the companies.

Morgan Stanley gave 'equal weight' rating on RComm and said that the deal with RIL was a win-win for both the companies. The brokerage firm is of the view that the deal also opens discussion for towers and incremental tower use, which will increase possibility for further unlocking of value in the tower and global business.

Reliance Communications has been looking out for strategic investors for the business to reduce its debt which has been a big overhang on the stock. Some analysts think that more such arrangements would be the next big trigger for Rcom's stock.

"The share price of RComm has moved in a big way which indicates that all the catalysts have played out in terms of reduction of debt," said Mayuresh Joshi, VP-Institution, Angel Broking in an interview with ET Now.

"So if all the catalysts have played out there can be substantial reduction of debt going forward which stands at Rs 370000.000 Millions on its balance sheet at the moment," he added.

Joshi is of the view that reduction of debt will help the telecom major in reducing its interest cost going forward and protect margins. So if investors are holding on to the stock, they can at least book half their profits on RComm at this point of time, he added.

The news flow from the management of Reliance Communications has largely been positive, which has given a big booster to the stock. However, the market now awaits more substantial efforts from the telecom major to carry on the de-leveraging process to actually reduce debt on the balance sheet.

"If we see more such positive news flow going forward, we will see the bottom line of the company getting fatter and that would re-rate the stock going forward," said Avinnash Gorakssakar, Head of Research, Mintdirect.com in an interview with ET Now.

"I would not be surprised if there could be some more consolidation at current levels and then probably in the next six months, once you see the results coming out from these news flows the stock would rally further," he added.

Meanwhile shares of other ADAG Group companies also rallied for the second consecutive session. Reliance Infrastructure pared most of its gains and ended 0.3 per cent higher at Rs 390.90. Reliance Capital Limited ended 1.8 per cent higher at Rs 371.05.

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.62.99
UK Pound	1	Rs.104.61
Euro	1	Rs.86.17

INFORMATION DETAILS

Information Gathered by :	PDT
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	--
--CREDIT LINES	1~10	5
--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		29

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

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.