MIRA
INFORM REPORT
|
Report Date : |
21.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE COMMUNICATIONS LIMITED (w.e.f 03.06.2006) |
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Formerly Known
As : |
RELIANCE COMMUNICATION VENTURES LIMITED |
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Registered
Office : |
H Block, 1st Floor, Dhirubhai Ambani, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
15.07.2004 |
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Com. Reg. No.: |
11-147531 |
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Capital Investment
/ Paid-up Capital : |
Rs.10210.000 Millions |
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CIN No.: [Company Identification
No.] |
L45309MH2004PLC147531 |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Providing Telecommunication Services. |
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No. of Employees
: |
18653 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7800000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is a company of “Reliance Anil Dhirubhai Ambani Group”. It is a well-established and reputed company having a good track
record. Financially company seems to be strong. Performance capability is
high. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered for normal 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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
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 |
Long Term Bank Facilities = A- |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk |
|
Date |
17.01.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Debt = A2+ |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk. |
|
Date |
17.01.2014 |
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
31-03-2014.
INFORMATION DECLINED
Management Non-Cooperative (91-22-30373333)
LOCATIONS
|
Registered Office : |
H Block, 1st Floor, Dhirubhai Ambani, |
|
Tel No. : |
91-22- 30386010/ 6286/ 30373333 |
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Fax No. : |
91-22-30376622 |
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Email : |
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Website : |
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Corporate Office : |
Reliance Centre, 19, Walchand Hirachand Marg, Ballared
Estate, Mumbai – 400 038, |
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Tel No. : |
91-22-30327409 |
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Fax No. : |
91-22-30327896 |
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Head Office : |
D Block, Ground Floor, DB 4 Dhirubhai Ambani Knowledge City, Thane Belapur Road, Koparkhairane, Navi Mumbai – 400710, Maharashtra, India |
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Branch Office: |
B-2, 6th Floor, Kumar Cerebrum, Vadgaon Sheri, Pune - 411 014, Maharashtra, India |
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Reliance BPO : |
A Block 2nd Floor, Dakc Kopar Khairane, Navi Mumbai 400710,
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DIRECTORS
As on 31.03.2013
|
Name : |
Mr. Anil Dhirubhai Ambani |
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Designation : |
Chairman |
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Name : |
Mr. J. Ramachandran |
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Designation : |
Director |
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Name : |
Mr. S.P. Talwar |
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Designation : |
Director |
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Name : |
Mr. Deepak Shourie |
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Designation : |
Director |
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Name : |
Mr. A.K. Purwar |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Prakash Shenoy |
|
Designation : |
Company Secretary and Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 02.07.2014
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
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|
|
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|
9845709 |
0.41 |
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|
1368184468 |
57.09 |
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|
21279000 |
0.89 |
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|
21279000 |
0.89 |
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|
1399309177 |
58.39 |
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Total shareholding of Promoter and Promoter Group (A) |
1399309177 |
58.39 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
17324621 |
0.72 |
|
|
10441170 |
0.44 |
|
|
1223663 |
0.05 |
|
|
176438482 |
7.36 |
|
|
559597767 |
23.35 |
|
|
765025703 |
31.92 |
|
|
|
|
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|
31903416 |
1.33 |
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|
|
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|
176404754 |
7.36 |
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|
13783198 |
0.58 |
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|
10196378 |
0.43 |
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|
10196378 |
0.43 |
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|
232287746 |
9.69 |
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Total Public shareholding (B) |
997313449 |
41.61 |
|
Total (A)+(B) |
2396622626 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
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|
5690452 |
0.00 |
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|
5690452 |
0.00 |
|
Total (A)+(B)+(C) |
2402313078 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Telecommunication Services. |
GENERAL INFORMATION
|
No. of Employees : |
18653 (Approximately) |
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Bankers : |
· Bank of Baroda · Bank of India · Oriental Bank of Commerce ·
IDBI Bank |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
C Chaturvedi and Shah Chartered Accountants B.S.R. and Company Chartered Accountants |
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Holding company : (As on 31.03.2013) |
Reliance Innoventures Private Limited |
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Subsidiary of
Holding Company : (As on 31.03.2013) |
AAA Communication Private Limited |
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Joint Ventures : (As on 31.03.2013) |
Alcatel Lucent Managed solutions India Private Limited (upto December 30, 2012) |
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Associate Companies
: (As on 31.03.2013) |
Warf Telecom International Private Limited Mumbai Metro Transport Private Limited |
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Fellow Subsidiaries
: (As on 31.03.2013) |
· Reliance Capital Limited · Reliance General Insurance Company Limited |
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Subsidiary
Companies (direct and step down subsidiaries) : (As on 31.03.2013) |
· Reliance WiMax Limited · Reliance Communications International Inc. · Reliance Digital Home Services Limited · Reliance Communications Canada Inc. · Reliance Webstore Limited · Bonn Investment Inc. · Reliance Infocomm Infrastructure Private Limited · FLAG Telecom Development Limited · Campion Properties Limited · FLAG Telecom Development Services Company LLC · Reliance Big TV Limited · FLAG Telecom Network Services Limited · Reliance Tech Services Private Limited · Reliance FLAG Telecom Ireland Limited · Reliance Telecom Limited · FLAG Telecom Japan Limited · Reliance Communications Infrastructure Limited · FLAG Telecom Ireland Network Limited · Reliance IDC Limited ( previously Reliance Communications Investment and Leasing Limited) · FLAG Telecom Network USA Limited · Reliance Infratel Limited · FLAG Telecom Espana Network SAU · Reliance Mobile Commerce Limited · Reliance Vanco Group Limited · Reliance BPO Private Limited (w.e.f. April 30, 2012) · Euronet Spain SA · Reliance Globalcom Limited (w.e.f. July 3, 2012) · Vanco (Shanghai) Co Limited · M. P. Network Private Limited (w.e.f. March 21, 2013) · Vanco (Asia Pacific) Pte. Limited · Kerala Communication Network Private Limited (w.e.f. March 21, 2013) · Vanco Australasia Pty. Limited · Reliance Data Center Limited ( Formerly Reliance Telephones Limited) (from April 1, 2012 to March 14, 2013) · Vanco Sp Zoo · Reliance Globalcom B.V. · Vanco Gmbh · Reliance Communications (UK) Limited · Vanco Japan KK · Reliance Communications (Hong Kong) Limited · Vanco NV · Reliance Communications (Singapore) Pte. Limited · Vanco SAS · Reliance Communications (New Zealand) Pte Limited · Vanco South America Ltda · Reliance Communications (Australia) Pty Limited · Vanco Srl · Anupam Global Soft (U) Limited · Vanco Sweden AB · Gateway Net Trading Pte Limited · Vanco Switzerland AG · Reliance Globalcom Limited, Bermuda · Vanco Deutschland GmbH · FLAG Telecom Singapore Pte. Limited · Vanco BV · FLAG Atlantic UK Limited · Vanco Benelux BV · Reliance FLAG Atlantic France SAS · Vanco UK Ltd · FLAG Telecom Taiwan Limited · Vanco International Limited · Reliance FLAG Pacific Holdings Limited · Vanco Row Limited · FLAG Telecom Group Services Limited · Vanco Global Limited · FLAG Telecom Deutschland GmbH · VNO Direct Limited · FLAG Telecom Hellas AE · Vanco US LLC · FLAG Telecom Asia Limited · Vanco Solutions Inc · FLAG Telecom Nederland B.V. · Net Direct SA (Properietary) Limited · Reliance Globalcom (UK) Limited · Vanco EpE · Yipes Holdings Inc. · Reliance WiMAX World B.V. (upto January 17, 2013) · Reliance Globalcom Services Inc. · Reliance WiMAX World Limited (upto January 17, 2013) · YTV Inc. · Reliance WiMAX Cameroon B. V. (upto January 17, 2013) · Reliance Infocom Inc. · Equatorial Communications SARL (upto January 17, 2013) · Reliance Communications Inc. · Reliance WiMAX Congo Brazzaville B.V. (upto January 17, 2013) · Interconnect Brazzaville S. A. (upto January 17, 2013) · Reliance WiMAX Guinea B.V. (upto June 8, 2012) · Access Guinea SARL (upto June 8, 2012) · Reliance WiMAX Sierra Leone B. V. (upto June 8, 2012) · Equatorial Communications Limited (upto June 8, 2012) · Access Bissau LDA (upto June 8, 2012) · Reliance WiMAX World Limited BVI (upto January 17, 2013) · Reliance WiMAX World LLC (upto June 7, 2012) · Reliance WiMax D.R.C. B.V. (upto June 20, 2012) · Reliance WiMax Gambia B.V. (upto June 8, 2012) · Reliance WiMax Mauritius B.V. (upto September 14, 2012) · Reliance WiMax Mozambique B.V. (upto June 8, 2012) · Reliance WiMax Niger B.V. (upto September 14, 2012) · Reliance WiMax Zambia B.V. (upto June 8, 2012) · Seoul Telenet Inc. · FLAG Holdings (Taiwan) Limited · Reliance Telecom Infrastructure (Cyprus) Holdings Limited ·
Lagerwood Investments Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.10210.000
Millions
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000000 |
Equity Shares |
Rs.5/- each |
Rs.25000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2064026881 |
Equity Shares |
Rs.5/- each |
Rs.10320.000
Millions |
|
|
|
|
|
NOTES:
SHARES HELD BY
HOLDING/ ULTIMATE HOLDING COMPANY AND/ OR THEIR SUBSIDIARIES:
|
PARTICULAR |
AS ON 31.03.2013 |
|
|
NO. OF SHARES |
|
Reliance Innoventures Private Limited, Holding Company |
12379001 |
|
AAA Communication Private Limited, Subsidiary of Holding Company |
723110172 |
|
AAA Industries Private Limited, Subsidiary of Holding Company |
300000000 |
|
ADA Enterprises and Venture Private Limited, Subsidiary of Holding Company |
300000000 |
DETAILS OF
SHAREHOLDERS HOLDING MORE THAN 5% SHARES IN THE COMPANY
|
PARTICULAR |
AS ON 31.03.2013 |
|
|
|
No. of Shares |
% |
|
AAA Communication Private Limited |
723110172 |
35.03 |
|
AAA Industries Private Limited |
300000000 |
14.53 |
|
ADA Enterprises and Ventures Private Limited |
300000000 |
14.53 |
|
Life Insurance Corporation of India |
149603497 |
7.25 |
The Company has only one class of equity shares having a par value of Rs.5 per share. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the holder of equity shares will be entitled to receive remaining assets of the Company. The distribution will be in proportion to the number of equity shares held by the shareholder.
During the year ended March 31, 2013, the amount of per share dividend recognized as distributable to equity shareholders is Rs.0.25 (March 31, 2012: Rs.0.25). The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
Reconcilation of shares outstanding at the beginning and at the end of the reporting period
|
PARTICULAR |
AS ON 31.03.2013 |
|
|
Equity Shares |
No. of Shares |
Rs. In Millions |
|
At the beginning of the year |
2064026881 |
10320.000 |
|
Add/ Less : Changes during the year |
-- |
-- |
|
At the end of the year |
2064026881 |
10320.000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10210.000 |
10320.000 |
10320.000 |
|
(b) Reserves & Surplus |
303590.000 |
321100.000 |
438660.000 |
|
(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) |
313800.000 |
331420.000 |
448980.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
227950.000 |
228910.000 |
233650.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
1940.000 |
1430.000 |
1690.000 |
|
(d) long-term provisions |
32880.000 |
43700.000 |
43390.000 |
|
Total Non-current Liabilities (3) |
262770.000 |
274040.000 |
278730.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
73320.000 |
74360.000 |
45060.000 |
|
(b) Trade payables |
20760.000 |
14780.000 |
11500.000 |
|
(c) Other current
liabilities |
56530.000 |
36120.000 |
47070.000 |
|
(d) Short-term provisions |
41590.000 |
28640.000 |
25720.000 |
|
Total Current Liabilities (4) |
192200.000 |
153900.000 |
129350.000 |
|
|
|
|
|
|
TOTAL |
768770.000 |
759360.000 |
857060.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
351540.000 |
167610.000 |
164640.000 |
|
(ii) Intangible Assets |
|
192970.000 |
209200.000 |
|
(iii) Capital
work-in-progress |
0.000 |
7350.000 |
7650.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
210420.000 |
210130.000 |
318890.000 |
|
(c) Deferred tax assets (net) |
14880.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
44940.000 |
45080.000 |
43170.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
621780.000 |
623140.000 |
743550.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2690.000 |
3040.000 |
3290.000 |
|
(c) Trade receivables |
19940.000 |
20660.000 |
19400.000 |
|
(d) Cash and cash
equivalents |
1270.000 |
2280.000 |
1780.000 |
|
(e) Short-term loans and
advances |
93750.000 |
87360.000 |
68000.000 |
|
(f) Other current assets |
29340.000 |
22880.000 |
21040.000 |
|
Total Current Assets |
146990.000 |
136220.000 |
113510.000 |
|
|
|
|
|
|
TOTAL |
768770.000 |
759360.000 |
857060.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
111760.000 |
112670.000 |
111100.000 |
|
|
|
Other Income |
12690.000 |
15530.000 |
7530.000 |
|
|
|
TOTAL (A) |
124450.000 |
128200.000 |
118630.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Access Charges, License Fees and
Network Expenses |
37330.000 |
72700.000 |
69110.000 |
|
|
|
Employees benefits expense |
2860.000 |
2900.000 |
4760.000 |
|
|
|
Sales and General
Administration Expenses |
0.000 |
9790.000 |
13150.000 |
|
|
|
Other expenses |
53400.000 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
93590.000 |
85390.000 |
87020.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
30860.000 |
42810.000 |
31610.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
17960.000 |
19760.000 |
12650.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12900.000 |
23050.000 |
18960.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20480.000 |
16810.000 |
17410.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(7580.000) |
6240.000 |
1550.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(14880.000) |
0.000 |
-10.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
7300.000 |
6240.000 |
1560.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
NA |
140.000 |
70.000 |
|
|
|
Capital Goods |
NA |
1090.000 |
3750.000 |
|
|
TOTAL IMPORTS |
NA |
1230.000 |
3820.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.54 |
3.02 |
0.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
5.87 |
4.87 |
1.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(6.78) |
5.54 |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.39) |
1.15 |
0.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
0.02 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.96 |
0.92 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.76 |
0.89 |
0.88 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
10320.000 |
10320.000 |
10210.000 |
|
Reserves & Surplus |
438660.000 |
321100.000 |
303590.000 |
|
Net
worth |
448980.000 |
331420.000 |
313800.000 |
|
|
|
|
|
|
long-term borrowings |
233650.000 |
228910.000 |
227950.000 |
|
Short term borrowings |
45060.000 |
74360.000 |
73320.000 |
|
Total
borrowings |
278710.000 |
303270.000 |
301270.000 |
|
Debt/Equity
ratio |
0.621 |
0.915 |
0.960 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
111100.000 |
112670.000 |
111760.000 |
|
|
|
1.413 |
(0.808) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
111100.000 |
112670.000 |
111760.000 |
|
Profit |
1560.000 |
6240.000 |
7300.000 |
|
|
1.40% |
5.54% |
6.53% |
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 |
No |
|
8] |
No. of employees |
Yes |
|
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 |
|
CASE DETAILS BENCH:-BOMBAY |
|
|
PRESENTATION DATE:- 15/04/2013 |
|
|
STAMP NO.:- WPST/11589/2013 FILING
DATE:- 15/04/2013
REG. NO.:- WP/4136/2013
REG. DATE:- 25/04/2013 |
|
|
PETITIONER:-ICICI BANK
LIMITED |
RESPONDENT:- RELIANCE
COMMUNICATION LIMITED |
|
PETN. ADV.:- M.V. KINI
AND COMPANY |
RESP. ADV.:- ANANT B.
SHINDE AND COMPANY |
|
DISTRICT:- THANE |
|
|
BENCH:- SINGLE |
|
|
STATUS:- PRE-ADMISSION |
|
|
NEXT DATE:- 01/08/2013 |
STAGE:- FOR ORDERS [CIVIL SIDE MATTERS] |
|
CORAM:- HON'BLE SMT JUSTICE V. A. NAIK |
|
|
LAST DATE:- 18/07/2013 |
STAGE:- FOR ORDERS
[CIVIL SIDE MATTERS] |
|
LAST CORAM:- HON'BLE SMT JUSTICE V. A. NAIK |
|
|
ACT :- INFORMATION
TECHNOLOGY ACT |
|
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
|
|
|
|
Foreign Currency Loans from Banks |
NA |
6650.000 |
|
Rupee Loan from Bank |
|
5000.000 |
|
Commercial Papers |
|
500.000 |
|
Total |
NA |
12150.000 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10495665 |
28/03/2014 |
500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
C04758348 |
|
2 |
10496881 |
28/03/2014 |
2,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
C04885620 |
|
3 |
10478488 |
21/02/2014 |
3,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B96766100 |
|
4 |
10475367 |
05/02/2014 |
1,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B95403382 |
|
5 |
10475333 |
05/02/2014 |
2,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B95392031 |
|
6 |
10475376 |
05/02/2014 |
2,500,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B95407086 |
|
7 |
10478265 |
21/01/2014 |
2,000,000,000.00 |
AXIS BANK LTD. |
CORPORATE BANKING BRANCH, AXIS HOUSE, WADIA INTL CENTRE, P.B.
MARG, WORLI, MUMBAI, MAHARASHTRA - 40 |
B96670682 |
|
8 |
10465439 |
17/12/2013 |
3,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B91661793 |
|
9 |
10465466 |
12/12/2013 |
1,200,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B91316117 |
|
10 |
10464617 |
12/12/2013 |
48,300,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B91312330 |
|
11 |
10460115 |
20/11/2013 |
2,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B89497333 |
|
12 |
10460146 |
20/11/2013 |
10,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B89508451 |
|
13 |
10400227 |
28/01/2013 |
15,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B66574690 |
|
14 |
10396463 |
11/01/2013 |
3,250,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B65715898 |
|
15 |
10396455 |
11/01/2013 |
5,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B65714446 |
|
16 |
10387874 |
27/11/2012 |
10,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B62520283 |
|
17 |
10380654 |
16/10/2012 |
3,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B59730788 |
|
18 |
10362202 |
29/06/2012 |
10,000,000,000.00 |
STATE BANK OF INDIA |
NEVILLE HOUSE, 3RD FLOOR, J. N. HEREDIA MARG, BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA |
B42269308 |
|
19 |
10350291 |
26/04/2012 |
5,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B37747243 |
|
20 |
10337145 |
22/02/2012 |
47,185,200,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B32762890 |
|
21 |
10293065 |
30/06/2011 |
200,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B15307531 |
|
22 |
10293042 |
30/06/2011 |
27,076,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B15300445 |
|
23 |
10269388 |
09/03/2011 |
86,850,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B07383060 |
|
24 |
10268385 |
30/06/2014 * |
161,625,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
C10336105 |
|
25 |
10177583 |
04/03/2011 * |
30,000,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B07054760 |
* Date of charge modification
FIXED ASSETS
· Leasehold Land
· Freehold Land
· Buildings
· Plant and Machinery
· Furniture and Fixtures
· Vehicles
· Indefeasible Rights of Connectivity (IRC)
·
Software
·
Brand Licence
·
Telecom Licenses
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.33 |
|
|
1 |
Rs.103.18 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.