MIRA
INFORM REPORT
|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
HYPERCITY RETAIL (INDIA) LIMITED (w.e.f. 30.03.2007) |
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|
|
|
Formerly Known
As : |
HYPERCITY RETAIL (INDIA) PRIVATE LIMITED (w.e.f. 04.03.2005) RAINBOW RETAIL PRIVATE LIMITED |
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|
Registered
Office : |
Paradigm, A – Wing, 1st Floor, Mindspace, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.05.2004 |
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|
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|
Com. Reg. No.: |
11-146577 |
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|
Capital
Investment / Paid-up Capital : |
Rs. 5405.873
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52510MH2004PLC146577 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MIUMR16595F |
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|
|
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PAN No.: [Permanent Account No.] |
AACCR8461K |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company mainly operates in Retail Operations i.e. Trading of Food
Products, Household Items and Apparels. |
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|
|
No. of Employees
: |
Information Decline by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is a well – established company having a satisfactory track
record. There seems huge accumulated losses recorded by the company during
2014. However, the rating takes into consideration the strong and
resourceful promoters, experienced management and established track of
Shoppers Stop Limited in the retail industry along with strong brand loyalty
among its customers. The rating also takes into consideration joint and
several unconditional and irrevocable corporate guarantee of shoppers stop
limited. Trade relations are reported to be fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Bank Facilities – Fund Based – LT – Term Loan = A (SO) |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk |
|
Date |
04.08.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Bank Facilities = Non Fund Based – ST –BG/LC = A1 (SO) |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk |
|
Date |
04.08.2014 |
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 DENIED BY
Management non – corporative
Tel No.: 91-22-40695555
LOCATIONS
|
Registered Office : |
Paradigm, A – Wing, 1st Floor, Mindspace, Link Road, Malad
(West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-40695555 |
|
Fax No.: |
91-22-40032120 |
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E-Mail : |
|
|
Website : |
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|
|
|
|
Corporate Office 1 : |
Plot No. C-30, Block ‘G’, Opposite SIDBI, Bandra Kurla Complex, Bandra
(East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-26564000/ 26002177 |
|
Fax No.: |
91-22-26564909 |
|
E-Mail : |
prashant.mehta@shppersstop.com
rohit.mistry@hypercityindia.com
|
|
Website : |
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Corporate Office 2 : |
Eureka Towers, C Wing, Mindspace, Malad (West), Mumbai, Maharashtra,
India |
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|
Retail Stores : |
Located at: ·
Mumbai ·
Thane ·
Jaipur ·
·
·
·
·
|
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Chandru Lachmandas Raheja |
|
Designation : |
Director |
|
Address : |
4th Floor, Raheja House 53, A Pali Hill, Bandra (West),
Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1940 |
|
Qualification : |
L.L.B |
|
Date of Appointment : |
27.05.2004 |
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PAN No.: |
AAAPR5867Q |
|
DIN No.: |
00027979 |
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|
|
|
Name : |
Mr. Ravi Chandru Raheja |
|
Designation : |
Director |
|
Address : |
Raheja House 53, A Pali Hill, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
23.09.1971 |
|
Qualification : |
B.Com and M.B.A |
|
Date of Appointment : |
27.05.2004 |
|
PAN No.: |
AADPR5769A |
|
DIN No.: |
00028044 |
|
|
|
|
Name : |
Mr. Neel Chandru Raheja |
|
Designation : |
Director |
|
Address : |
4th Floor, Raheja House 53, A Pali Hill, Bandra (West),
Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1974 |
|
Qualification : |
M.com and L.L.B |
|
Date of Appointment : |
27.05.2004 |
|
PAN No.: |
AAAPR5866R |
|
DIN No.: |
00029010 |
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|
|
|
Name : |
Mr. Nagesh Satyanarayan Basavanhalli |
|
Designation : |
Vice Chairman |
|
Address : |
Park Plaza, 81 and 82, 8th Floor, B-Wing, New Yari
Road, Versova, Andheri (West), Mumbai
– 400 061, Maharashtra, India |
|
Date of Birth/Age : |
12.04.1959 |
|
Qualification : |
Masters Management Studies |
|
Date of Appointment : |
23.05.2005 |
|
PAN No.: |
AAEPB0301K |
|
DIN No.: |
00027595 |
|
|
|
|
Name : |
Mr. Deepak Keshav Ghaisas |
|
Designation : |
Director |
|
Address : |
B/61-62, Swapnashilp, Mahant Road, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
|
Date of Birth/Age : |
19.11.1957 |
|
Qualification : |
B.Com, A.C.A, A.I.C.W.A, F.C.S |
|
Date of Appointment : |
04.08.2010 |
|
PAN No.: |
AABPG9317P |
|
DIN No.: |
00001811 |
|
|
|
|
Name : |
Mr. Nitin Jagubhai Sanghavi |
|
Designation : |
Director |
|
Address : |
15, Sunningdale Avenue, Leeds 17, London LS177SD, United Kingdom |
|
Date of Birth/Age : |
28.12.1948 |
|
Qualification : |
B.SC (Hons), Msc, PHD, D.M.S.C, F.R.S.A |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
00863107 |
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|
|
|
Name : |
Mr. Govind Shridhar Shrikhande |
|
Designation : |
Director |
|
Address : |
Flat No. 1801, 18th Floor, Brooke Villa, Mughal Lane, Matunga
(West), Mumbai – 400 016, Maharashtra, India |
|
Date of Birth/Age : |
07.09.1960 |
|
Qualification : |
Graduate-Textiles and M.B.A |
|
Date of Appointment : |
25.07.2011 |
|
PAN No.: |
AMTPS0849J |
|
DIN No.: |
00029419 |
KEY EXECUTIVES
|
Name : |
Mr. Bharat Kanaklal Sanghavi |
|
Designation : |
Company Secretary and Manager |
|
Address : |
202, Bhoomi Garden, Mahavir Nagar, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Date of Birth/Age : |
05.04.1971 |
|
Date of Appointment : |
01.09.2010 |
|
PAN No.: |
APRPS4260C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Equity
Shares |
|
|
|
|
|
Support Properties Private Limited jointly with Anbee Construction
Private Limited, |
|
1 |
|
Support Properties Private Limited jointly with Cape Trading Private
Limited, |
|
1 |
|
Support Properties Private Limited jointly with Capstan Trading
Private Limited, |
|
1 |
|
Support Properties Private Limited jointly with Casa Maria Properties
Private Limited, |
|
1 |
|
Support Properties Private Limited jointly with Palm Shelter Estate
Development Private Limited, |
|
1 |
|
Shopper’s Stop Limited, |
|
484500 |
|
Support Properties Private Limited, |
|
221820 |
|
Eternus Logistics Private Limited, |
|
221825 |
|
Palm Shelter Estate Development Private Limited , |
|
950 |
|
Anbee Construction Private Limited, |
|
950 |
|
Cape Trading Private Limited, |
|
950 |
|
Capstan Trading Private Limited, |
|
950 |
|
Casa Maria Properties Private Limited, |
|
950 |
|
Raghukool Estate Development Private Limited, |
|
950 |
|
Ravi Chandru Raheja Jointly With Chandru Lachmandas Raheja |
|
950 |
|
Chandru Lachmandas Raheja Jointly With Jyoti Chandru Raheja |
|
950 |
|
Jyoti Chandru Raheja Jointly With Chandru Lachmandas Raheja |
|
950 |
|
Neel Chandru Raheja Jointly With Chandru Lachmandas Raheja |
|
950 |
|
B S Nagesh Jointly With Shailaja Nagesh |
|
12350 |
|
|
|
|
|
Total |
|
950000 |
As on: 30.09.2013
|
Names of Shareholders |
|
No. of
Preference Shares |
|
Casa Maria Properties Private Limited, India |
|
279000 |
|
Raghukool Estate Development Private Limited, India |
|
279000 |
|
Capstan Trading Private Limited, India |
|
279000 |
|
Palm Shelter Estate Development Private Limited, India |
|
279000 |
|
Anbee Constructions Private Limited, India |
|
279000 |
|
Cape Trading Private Limited, India |
|
279000 |
|
Chandru L Raheja |
|
279000 |
|
Jyoti C Raheja |
|
279000 |
|
Ravi C Raheja |
|
279000 |
|
Neel C Raheja |
|
279000 |
|
Shopper’s Stop Limited, India |
|
244870000 |
|
K Raheja Corp Private Limited |
|
88757255 |
|
Support Properties Private Limited, India |
|
65898500 |
|
Eternus Logistics Private Limited, India |
|
65898500 |
|
Bs Nagesh Jointly With Shailaja Nagesh |
|
2123000 |
|
Genext Hardware And Parks Private Limited, India |
|
9800000 |
|
|
|
|
|
Total |
|
480137255 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
98.30 |
|
Directors or relatives of directors |
|
1.70 |
|
|
|
|
|
Total
|
|
100.00 |
%20LIMITED%20-%20286844_MIRA%2020-Sep-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
The company mainly operates in Retail Operations i.e. Trading of Food
Products, Household Items and Apparels. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Information Decline by the management |
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Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · IDBI Bank Limited, 47, Opus Centre, Opposite Tunga Paradise, Central Road, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · Indian Overseas Bank, Bandra (West) Branch, Radhaswami Apartments, 36th TPS III, Mumbai – 400050, Maharashtra, India · Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Holding Company
: |
· Shoppers Stop Limited CIN No.: L51900MH1997PLC108798 |
|
|
|
|
Fellow
Subsidiaries : |
· Crossword Bookstores Limited CIN No.: U52396MH1999PLC122528 |
|
|
|
|
Companies under
common control/ Significant influence : |
· Avacado Properties and Trading India Private Limited CIN No.: U70100MH2002PTC137766 · Ivory Properties and Hotels Private Limited CIN No.: U70100MH1982PTC026374 · Inorbit Malls(India) Private Limited CIN No.: U45200MH1999PTC117748 · Trion Properties Private Limited CIN No.: U45200MH2005PTC157367 · K. Raheja Private Limited CIN No.: U45200MH1973PTC017018 · Magna Warehousing and Distribution Private Limited CIN No.: U60232KA2005PTC054207 · Genext Hardware Parks Private Limited · Sanghvi Associates Limited |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
495000000 |
Preference shares |
Rs.10/- each |
Rs. 4950.000 Millions |
|
|
Total |
|
Rs. 5000.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
Rs.10/- each |
Rs. 9.500 Millions |
|
480137255 |
Preference shares |
Rs.10/- each |
Rs. 4801.372 Millions |
|
|
Total |
|
Rs. 4810.872 Millions |
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
595000000 |
Preference Shares |
Rs.10/- each |
Rs. 5950.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 6000.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
Rs.10/- each |
Rs.9.500
Millions |
|
539637255 |
Preference Shares |
Rs.10/- each |
Rs. 5396.373
Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 5405.873 Millions |
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 |
5405.873 |
4610.873 |
3720.873 |
|
(b) Reserves & Surplus |
(5375.728) |
(4517.583) |
(3640.266) |
|
(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) |
30.145 |
93.290 |
80.607 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2205.800 |
1485.000 |
1447.499 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
2205.800 |
1485.000 |
1447.499 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
363.387 |
866.810 |
917.978 |
|
(b) Trade payables |
1019.763 |
690.106 |
594.654 |
|
(c) Other current
liabilities |
452.972 |
210.276 |
258.914 |
|
(d) Short-term provisions |
9.809 |
7.960 |
5.169 |
|
Total Current Liabilities (4) |
1845.931 |
1775.152 |
1776.715 |
|
|
|
|
|
|
TOTAL |
4081.876 |
3353.442 |
3304.821 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1658.194 |
1494.678 |
1597.459 |
|
(ii) Intangible Assets |
108.754 |
80.391 |
77.743 |
|
(iii) Capital work-in-progress |
9.226 |
41.850 |
11.283 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
502.642 |
474.135 |
431.812 |
|
(e) Other Non-current assets |
151.036 |
12.998 |
33.697 |
|
Total Non-Current Assets |
2429.852 |
2104.052 |
2151.994 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1254.542 |
982.287 |
923.013 |
|
(c) Trade receivables |
169.838 |
74.094 |
33.687 |
|
(d) Cash and cash
equivalents |
110.341 |
74.633 |
37.535 |
|
(e) Short-term loans
and advances |
103.979 |
94.676 |
137.410 |
|
(f) Other current
assets |
13.324 |
23.700 |
21.182 |
|
Total Current Assets |
1652.024 |
1249.390 |
1152.827 |
|
|
|
|
|
|
TOTAL |
4081.876 |
3353.442 |
3304.821 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9038.359 |
7802.302 |
7220.507 |
|
|
|
Other Income |
38.747 |
19.361 |
30.697 |
|
|
|
TOTAL (A) |
9077.106 |
7821.663 |
7251.204 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
7094.176 |
6122.407 |
5931.689 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(272.255) |
(59.274) |
(215.264) |
|
|
|
Employees benefits expense |
712.641 |
604.994 |
577.213 |
|
|
|
Other expenses |
1773.799 |
1489.089 |
1362.925 |
|
|
|
TOTAL (B) |
9308.361 |
8157.216 |
7656.563 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(231.255) |
(335.553) |
(405.359) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
337.726 |
328.110 |
320.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(568.981) |
(663.663) |
(725.617) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
289.164 |
213.654 |
160.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(858.145) |
(877.317) |
(886.387) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(858.145) |
(877.317) |
(886.387) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(4517.583) |
(3640.266) |
(2753.879) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(5375.728) |
(4517.583) |
(3640.266) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
110.899 |
113.380 |
112.927 |
|
|
TOTAL EARNINGS |
110.899 |
113.380 |
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Merchandise |
126.800 |
155.181 |
111.211 |
|
|
|
Software |
1.082 |
2.083 |
1.223 |
|
|
|
Capital Goods |
0.000 |
1.452 |
2.197 |
|
|
TOTAL IMPORTS |
127.882 |
158.716 |
114.631 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1327.18) |
(1269.24) |
(1201.94) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
(9.45) |
(11.22) |
(12.22) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(9.49) |
(11.24) |
(12.28) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(21.07) |
(26.49) |
(26.91) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(28.47) |
(9.40) |
(11.00) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
85.23 |
25.21 |
29.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89 |
0.70 |
0.65 |
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 |
3720.873 |
4610.873 |
5405.873 |
|
Reserves & Surplus |
(3640.266) |
(4517.583) |
(5375.728) |
|
Net worth |
80.607 |
93.290 |
30.145 |
|
|
|
|
|
|
long-term borrowings |
1447.499 |
1485.000 |
2205.800 |
|
Short term borrowings |
917.978 |
866.810 |
363.387 |
|
Total borrowings |
2365.477 |
2351.810 |
2569.187 |
|
Debt/Equity ratio |
29.346 |
25.210 |
85.228 |
%20LIMITED%20-%20286844_MIRA%2020-Sep-2014_files/image004.gif)
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 |
7220.507 |
7802.302 |
9038.359 |
|
|
|
8.058 |
15.842 |
%20LIMITED%20-%20286844_MIRA%2020-Sep-2014_files/image006.gif)
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 |
7220.507 |
7802.302 |
9038.359 |
|
Profit |
(886.387) |
(877.317) |
(858.145) |
|
|
(12.28%) |
(11.24%) |
(9.49%) |
%20LIMITED%20-%20286844_MIRA%2020-Sep-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT DETAILS
(Rs. in Millions)
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
Current maturities of long-term debt |
258.367 |
50.000 |
130.000 |
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION DETAILS:
HIGH
COURT OF BOMBAY
|
Bench:- Bombay |
|||||||
|
|
|||||||
|
Lodging No:- |
|
Filing Date:- |
|
Reg. No.:- |
|
Reg. Date:- |
|
|
|
|||||||
|
Petitioner:- |
IVORY PROPERTIES AND HOTELS PRIVATE LIMITED |
Respondent:- |
HYPERCITY RETAIL INDIA LIMITED |
||||
|
Petn. Adv.: |
HARIANI AND COMPANY (0) |
|
|
||||
|
District:- |
MUMBAI |
||||||
|
|
|||||||
|
Bench:- |
SINGLE |
||||||
|
Status:- |
Pre-Admission |
Category:- |
|
||||
|
|
|
|
FOR REJECTION [ORIGINAL SIDE MATTERS] |
||||
|
|
|||||||
|
Act:- |
Code of Civil Procedure 1908 |
|
|
||||
|
Unsecured Loan |
As on 31.03.2014 |
As on 31.03.2013 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS: |
|
|
|
Loans and advances from others |
1030.000 |
835.000 |
|
Total |
1030.000 |
835.000 |
CORPORATE SOCIAL
RESPONSIBILITY
Corporate Social Responsibility plays a vital role in fulfilling the needs of the present generation and ensuring a safe environment for the future. At Hyper CITY, Corporate Social Responsibility forms an integral part of the Company’s corporate principles and business philosophy. As a Company with strong sense of values and commitment, Hyper CITY believes that business objectives must go hand in hand with a sense of responsibility towards employees, stakeholders and society at large. We as a Company have been associated with the various NGO’s such as Pankh, a joint initiative by TRRAIN and Youth4jobs through which we have employed around 35 differently abled people in our organization. Prem Sadan - Orphanage for girls, Missionaries of Charity and Saathi
Foundation at Malad, Vatsalya trust and Father Agnel Orphanage at Vashi, Udaan Foundation at Thane Mumbai, Dr. Reddy’s Foundation and Dwarkamai at Hyderabad, to name a few. At Hyper CITY, CSR is and will always be an integral part of our business and our way of supporting our society.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10436453 |
03/07/2013 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI - 390015, BARODA, GUJARAT, INDIA |
B79447595 |
|
2 |
10348733 |
17/10/2012 * |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
B60330594 |
|
3 |
10310399 |
20/03/2014 * |
680,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI - 400021, MAHARASHTRA, INDIA |
C01036060 |
|
4 |
10230974 |
09/04/2012 * |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
B37003878 |
|
5 |
10007721 |
08/11/2012 * |
450,000,000.00 |
IDBI BANK LIMITED |
47, OPUS CENTRE,
OPP. TUNGA PARADISE, CENTRAL ROA |
B61711123 |
FIXED ASSETS:
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Other Equipments
·
Computer
·
Leasehold Improvements
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 judgment 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 records 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.60.80 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.