1. Summary Information
|
|
|
Country |
|
|
Company Name |
Reliance Digital
Retail Limited Amalgamated With Reliance Retail Limited |
Principal Name 1 |
Mr. Pankaj Mohan Pawar |
|
Status |
Satisfactory |
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 |
15 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Ultimate holding company |
India |
Reliance Industries Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
14,011,700,000 |
Current Liabilities |
12,864,200,000 |
|
Inventories |
19,592,300,000 |
Long-term Liabilities |
9,267,400,000 |
|
Fixed Assets |
16,429,200,000 |
Other Liabilities |
235,100,000 |
|
Deferred Assets |
8,034,100,000 |
Total Liabilities |
22,366,700,000 |
|
Invest& other Assets |
14,112,000,000 |
Retained Earnings |
(82,800,000) |
|
|
|
Net Worth |
49,812,600,000 |
|
Total Assets |
72,179,300,000 |
Total Liab. & Equity |
72,179,300,000 |
|
Total Assets (Previous Year) |
50,077,300,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
91,260,300,000 |
Net Profit |
(1,352,100,000) |
|
Sales(Previous yr) |
38,378,400,000 |
Net Profit(Prev.yr) |
(2,737,600,000) |
MIRA
INFORM REPORT
|
Report Date : |
10.07.2014 |
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
parentage 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
NEWS
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca
for nearly $ 118 billion after the latter refused an offer of 55 pounds a
share.
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 |
|
PAN No.: |
AEAPP7976A |
|
Qualification : |
B. E, MBA |
|
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 |
|
Qualification : |
B.Sc. MPM |
|
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 |
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 |
|
|
|
|
|
|
|
Revenue from operations |
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 |
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) |
|
Revenue from operations |
28670.000 |
38378.400 |
91260.300 |
|
|
|
33.863 |
137.791 |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
28670.000 |
38378.400 |
91260.300 |
|
Profit After Tax |
(3458.200) |
(2737.600) |
(1352.100) |
|
|
(12.06%) |
(7.13%) |
(1.48%) |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (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 (West) , Mumbai, Maharashtra -
400013, India |
B35773571 |
|
2 |
10154320 |
30/03/2009 |
22,500,000.00 |
HDFC Bank
Limited |
HDFC Bank
Housesenapati Bapat Marg, Lower Parel (West) , Mumbai, Maharashtra -
400013, India |
A60806841 |
|
3 |
10065388 |
28/02/2007 |
100,000,000.00 |
HDFC Bank
Limited |
HDFC Bank Housesenapati
Bapat Marg, Lower Parel (West) , Mumbai, Maharashtra - 400013, India |
A12463303 |
SCHEME OF ARRANGEMENT AND AMALGAMATIONs
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.
Note :
The company changed its registered office from 4th Floor,
“Brindavan” Shriram Mills Compound, Ganpatrao Kadam Marg, Worli, Mumbai – 400013,
Maharashtra, India to Reliance Corporate Park, Building No. 4, Ground Floor,
'C' Wing, Thane-Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra,
India w.e.f. 01.09.2008.
The registered office has again shifted from Reliance Corporate Park,
Building No. 4, Ground Floor, 'C' Wing, Thane-Belapur Road, Ghansoli, Navi
Mumbai – 400701, Maharashtra, India to the present address w.e.f. 21.11.2011.
FIXED ASSETS
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Land
·
Buildings
·
Office building
·
Vehicles
·
Computer software
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.59.73 |
|
|
1 |
Rs.102.36 |
|
Euro |
1 |
Rs.81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
NO |
|
--OTHER MERIT FACTORS |
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.