MIRA INFORM REPORT

 

 

Report No. :

326343

Report Date :

06.06.2015

 

IDENTIFICATION DETAILS

 

Name :

RELIANCE INDUSTRIES LIMITED

 

 

Registered Office :

3rd Floor, Maker Chamber IV, 222, Nariman Point, Mumbai – 400021, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

08.05.1973

 

 

Com. Reg. No.:

11-019786

 

 

Capital Investment / Paid-up Capital :

Rs.32360.000 Million

 

 

CIN No.:

[Company Identification No.]

L17110MH1973PLC019786

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

Exploration and Production of Oil and Gas, Refining, Petrochemicals (Polymers, Polyester and fibre intermediates) and Textiles.

 

 

No. of Employees :

23853 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Aaa (86)

 

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

 

 

Maximum Credit Limit :

USD 6100000

 

 

Status :

Excellent

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Exist 

 

 

Comments :

Subject is India’s largest private sector enterprise with businesses across the energy and materials value chain, along with a significant presence in retail and telecom sectors. It is the first Indian private sector company to feature in Fortune Global 500 list of ‘World’s Largest Corporations’ and has been consistently featuring in it for the last ten consecutive years.

 

It is a well-established and reputed company having excellent track record.

 

The rating reflects company’s leadership position in the petrochemical segment and strong financial risk profile characterized by robust capital structure, and highly integrated nature of operations with presence across the entire energy value chain.

 

Trade relations are reported as trustworthy. Business is active. Payments are reported to be regular and as per commitments.

 

The company can be considered good 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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

ICRA

Rating

Short-Term Non-Convertible Debenture Programme = A1+

Rating Explanation

Very strong degree of safety and carry lowest credit risk.

Date

December, 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 co-operative (91-22-30325000)

 

 

 

LOCATIONS

 

Registered/ Corporate Office :

3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai – 400021, Maharashtra, India 

Tel. No.:

91-22-30325000/ 30327000/ 22785000/ 22785185

Fax No.:

91-22-22785111/ 30322268/ 22785185

E-Mail :

sudhakar.saraswatula@ril.com

info@ril.com

investor_relations@ril.com

Website :

http://www.ril.com

 

 

Head Office 1 :

Reliance Corporate Park, Building No. 7, C-Wing, 2nd Floor, 5, TTC Industrial Area, Thane-Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra, India

Tel. No.:

91-22-44780912

Fax No.:

91-22-44779050

E-Mail :

mv_ramamurthy@ril.com

 

 

Head Office 2 :

Building No 11, 'A' Wing, Second Floor, Reliance Corporate Park (RCP), Thane-Belapur Road, Ghansoli, Navi Mumbai - 400701, Maharashtra, India

 

 

Factories :

·         Allahabad

A/10-A/27, UPSIDC Industrial Area, P. O. T.S.L., Allahabad - 211010, Uttar Pradesh, India

 

·         Barabanki

Dewa Road, P.O. Somaiya Nagar, Barabanki - 225 123, Uttar Pradesh, India

 

·         Dahej

P. O. Dahej, Vagra, Bharuch - 392 130, Gujarat, India

 

·         Hazira

Village Mora, Bhatha P.O. Surat-Hazira Road, Surat 394 510, Gujarat, India

 

·         Nagothane

P. O. Petrochemicals Township, Nagothane, Raigad - 402 125, Maharashtra, India

 

·         Patalganga

B-1 to B-5 and A3, MIDC Industrial Area, P.O. Rasauani, Patalganga, Near Panvel, District Raigad - 410207, Maharashtra, India

 

·         Vadodara

P. O. Petrochemicals, Vadodara - 391 346, Gujarat, India

 

·         Gadimoga

Tallarevu Mandal, East Godavari District, Gadimoga – 533463, Andhra Pradesh, India

 

·         Jamnagar 

Village Meghpar / Padana, Taluka Lalpur, Jamnagar – 361280, Gujarat, India

 

·         Hoshiarpur

Dharmshala Road, V.P.O. Chohal District Hoshiarpur - 146 024, Punjab, India

 

·         Nagpur

Village Dahali, Mouda Ramtek Road Tehsil Mouda – 441 104, District Nagpur Maharashtra, India.

 

·         Naroda

103/106, Naroda Industrial Estate Naroda, Ahmedabad - 382 330, Gujarat, India.

 

·         Silvassa

342, Kharadpada, Naroli, Near Silvassa Union Territory of Dadra and Nagar Haveli – 396235, India

 

 

Corporate Communication Center :

Maker Chambers IV, 1st Floor, Nariman Point, Mumbai – 400021, Maharashtra, India

Tel No. :

91-22-22785568/ 22785585/ 22785000

Fax No. :

91-22-22785185

Email :

ccd@ril.com

 

 

DIRECTORS

 

AS ON 31.03.2015

                

Name :

Mr. Mukesh D. Ambani

Designation :

Chairman and Managing Director

Qualification:

Chemical Engineer from Mumbai University and MBA from Stanford University, U.S.A.

 

 

Name :

Mr. Nikhil R. Meswani

Designation :

Executive Director

Qualification:

Chemical Engineer

 

 

Name :

Mr. Hital R. Meswani

Designation :

Executive Director

 

 

Name :

Mr. P.M.S. Prasad

Designation :

Executive Director

 

 

Name :

Mr. Pawan Kumar Kapil

Designation :

Executive Director

 

 

Name :

Mr. Ramiklal H. Ambani

Designation :

Non-Executive Director

 

 

Name :

Mr. Mansingh L. Bhakta

Designation :

Non-Executive Director

 

 

Name :

Mr. Yogendra P. Trivedi

Designation :

Non-Executive Director

 

 

Name :

Dr. Dharam Vir Kapur

Designation :

Non-Executive Director

 

 

Name :

Mr. Mahesh P. Modi

Designation :

Non-Executive Director

 

 

Name :

Prof. Ashok Mishra

Designation :

Non-Executive Director

 

 

Name :

Prof. Dipak C. Jain

Designation :

Non-Executive Director

 

 

Name :

Dr. Raghunath A. Mashelkar

Designation :

Non-Executive Director

 

 

Name :

Mr. Adil Zainulbhai

Designation :

Non-Executive Director

 

 

KEY EXECUTIVES

 

Name :

Mr. Alok Agarwal

Designation :

Chief Financial Officer

 

 

Name :

Mr. K. Sethuraman

Designation :

Group Company  Secretary and Chief Compliance Officer

 

 

Name :

Mr. Kanga and Company

Designation :

Solicitors and Advocates

 

 

Audit Committee :

Mr. Yogendra P. Trivedi (Chairman)

Mr. Mahesh P. Modi

Dr. Raghunath A. Mashelkar

Mr. Adil Zainulbhai

 

 

Corporate Governance and Stakeholders' Interface Committee :

Mr. Yogendra P. Trivedi (Chairman)

Mr. Nikhil R. Meswani

Dr. Dharam Vir Kapur

Dr. Raghunath A. Mashelkar

 

 

Finance Committee :

Mr. Mukesh D. Ambani (Chairman)

Mr. Nikhil R. Meswani

Mr. Hital R. Meswani

 

 

Health, Safety and

Environment Committee :

Mr. Hital R. Meswani (Chairman)

Dr. Dharam Vir Kapur

Mr. P.M.S. Prasad

Mr. Pawan Kumar Kapil

 

 

Stakeholders Relationship Committee:

Mr. Yogendra P. Trivedi (Chairman)

Mr. Nikhil R. Meswani

Mr. Hital R. Meswani

Prof. Ashok Misra 

 

 

Human Resources, Nomination and Remuneration Committee :

Mr. Adil Zainulbhai

Mr. Yogendra P. Trivedi

Dr. Dharam Vir Kapur

Dr. Raghunath A. Mashelkar

 

 

SHAREHOLDING PATTERN

 

AS ON 31.03.2015

 

Category of Shareholder

No. of Shares

Percentage of Holding

(A) Shareholding of Promoter and Promoter Group

 

 

http://www.bseindia.com/include/images/clear.gif(1) Indian

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals / Hindu Undivided Family

21172646

0.68

http://www.bseindia.com/include/images/clear.gifBodies Corporate

1322318328

42.23

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

120471003

3.85

http://www.bseindia.com/include/images/clear.gifTrusts

120471003

3.85

http://www.bseindia.com/include/images/clear.gifSub Total

1463961977

46.75

http://www.bseindia.com/include/images/clear.gif(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

1463961977

46.75

(B) Public Shareholding

 

 

http://www.bseindia.com/include/images/clear.gif(1) Institutions

 

 

http://www.bseindia.com/include/images/clear.gifMutual Funds / UTI

75514604

2.41

http://www.bseindia.com/include/images/clear.gifFinancial Institutions / Banks

4202696

0.13

http://www.bseindia.com/include/images/clear.gifCentral Government / State Government(s)

3950885

0.13

http://www.bseindia.com/include/images/clear.gifInsurance Companies

323055496

10.32

http://www.bseindia.com/include/images/clear.gifForeign Institutional Investors

608629702

19.44

http://www.bseindia.com/include/images/clear.gifSub Total

1015353383

32.43

http://www.bseindia.com/include/images/clear.gif(2) Non-Institutions

 

 

http://www.bseindia.com/include/images/clear.gifBodies Corporate

107507793

3.43

http://www.bseindia.com/include/images/clear.gifIndividuals

 

 

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital up to Rs. 0.100 Million

312348280

9.98

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital in excess of Rs. 0.100 Million

27125204

0.87

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

204987938

6.55

http://www.bseindia.com/include/images/clear.gifNRIs/OCBs

20109638

0.64

http://www.bseindia.com/include/images/clear.gifClearing Members

2444850

0.08

http://www.bseindia.com/include/images/clear.gifShares held by Subsidiary Companies on which no voting rights are exercisable

171883624

5.49

http://www.bseindia.com/include/images/clear.gifUnclaimed Suspense A/c

6138914

0.20

http://www.bseindia.com/include/images/clear.gifTrusts

4410912

0.14

http://www.bseindia.com/include/images/clear.gifSub Total

651969215

20.82

 

1667322598

53.25

Total (A)+(B)

3131284575

100.00

(C) Shares held by Custodians and against which Depository Receipts have been issued

0

0.00

http://www.bseindia.com/include/images/clear.gif(1) Promoter and Promoter Group

0

0.00

http://www.bseindia.com/include/images/clear.gif(2) Public

104404190

0.00

http://www.bseindia.com/include/images/clear.gifSub Total

104404190

0.00

Total (A)+(B)+(C)

3235688765

0.00

                             

 

 

BUSINESS DETAILS

 

Line of Business :

Exploration and Production of Oil and Gas, Refining, Petrochemicals (Polymers, Polyester and fibre intermediates) and Textiles.

 

 

Products :

Products Description

Item Code No.

 

Polypropylene (PP)

390210.00

Polyester Filament Yarn (PFY)

540242.00

Paraxylene (PX)

290243.00

Polyethyl Ene

390120.00

 

 

Brand Names :

·         Reliance Gas

·         Reliance Aviation

·         Repol

·         Relene

·         Reon

·         Relpipe

·         Relpipe PP-R

·         Relflex™ Elastomers

·         Relflex™ Cisamer PBR

·         Relflex™ Stylamer SBR

·         Relab

·         Recron®

·         Recron® IDY

·         Recron® SHT

·         Recron® Fancyy

·         Recron®

·         Stretch

·         Recron®

·         Cotluk

·         Recron®

·         Dyefast

·         Recron®

·         Superblack

·         Recron®

·         Superdye

·         Recron®

·         Kooltex

·         Recron®

·         Fibrefill etc.

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

23853 (Approximately)

 

 

Bankers :

·         Allahabad Bank

·         Andhra Bank

·         Bank of America

·         Bank of Baroda

·         Bank of India

·         Bank of Maharashtra

·         Canara Bank

·         Central Bank of India

·         Citibank N.A

·         Credit Agricole Corporate and Investment Bank

·         Corporation Bank

·         Deutsche Bank

·         The Hong Kong and Shanghai Banking

·         Corporation Limited

·         HDFC Bank Limited

·         ICICI Bank Limited

·         IDBI Bank Limited

·         Indian Bank

·         Indian Overseas Bank

·         Oriental Bank of Commerce

·         Punjab National Bank

·         Standard Chartered Bank

·         State Bank of Hyderabad

·         State Bank of India

·         State Bank of Patiala

·         Syndicate Bank

·         The Royal Bank of Scotland

·         Union Bank of India

·         Vijaya Bank

 

 

Facilities :

SECURED LOANS

 

31.03.2015

31.03.2014

 

(Rs. In Million)

LONG TERM BORROWINGS

 

Non-Convertible Debentures

12700.000

14340.000

Long Term Maturities of Finance Lease Obligations

940.000

1220.000

SHORT TERM BORROWINGS

 

 

Working Capital Loans

 

 

From Banks

 

 

Foreign Currency Loans

6550.000

6000.000

Rupee Loans

170.000

73890.000

From Others

 

 

Rupee Loans

0.0000

11990.000

 

 

 

Total

 

20360.000

107440.000

 

LONG TERM BORROWINGS

 

1.      Non-Convertible Debentures referred above to the extent of:

 

a) Rs.3700.000 Million are secured by way of first mortgage / charge on the immovable properties situated at Hazira Complex and at Jamnagar Complex (other than SEZ units) of the Company.

 

b) Rs.9170.000 Million are secured by way of first mortgage / charge on all the properties situated at Hazira Complex and at Patalganga Complex of the Company.

 

c) Rs.300.000 Million are secured by way of first mortgage / charge on certain properties situated at Surat in the State of Gujarat and on fixed assets situated at Allahabad Complex of the Company.

 

d) Rs.510.000 Million are secured by way of first mortgage / charge on movable and immovable properties situated at Thane in the State of Maharashtra and on movable properties situated at Baulpur Complex of the Company.

 

e) Rs.5000.000 Million are secured by way of first mortgage / charge on the immovable properties situated at Jamnagar Complex (SEZ unit) of the Company.

 

SHORT TERM BORROWINGS

 

Working Capital Loans from Banks referred above to the extent of:

 

(a) Rs.39060.000 Million are secured by hypothecation of present and future stock of raw materials, stock-in-process, finished goods, stores and spares (not relating to plant and machinery), book debts, outstanding monies, receivables, claims, bills, materials in transit, etc. save and except receivables of Oil and Gas Division.

 

(b) Rs.31050.000 Million are secured by way of lien on fixed deposits and Rs.9780.000 Million are secured by lien on Government Securities.

 

Working Capital Loan from Others of Rs.11990.000 Million are secured by lien on Government Securities.

 

 

 

Auditors 1 :

 

Name :

Chaturvedi and Shah

Chartered Accountants

 

 

Auditors 2 :

 

Name :

Rajendra and Company

Chartered Accountants

 

 

Auditors 3 :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

 

 

Solicitors & Advocates :

Kanga and Company

 

 

Subsidiary Companies  :
  • Achman Commercial Private Limited (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Adventure Marketing Private Limited (from 07.07.2014)#
  • AETN18 Media Private Limited (from 07.07.2014)#
  • Affinity Names, Inc.
  • Bhagyashri Mercantile Private Limited (from 05.11.2014)
  • Big Tree Entertainment Private Limited (from 07.07.2014)#
  • Capital18 Fincap Private Limited (from 07.07.2014)#
  • Central Park Enterprises DMCC
  • Chitrani Mercantile Private Limited (from 05.11.2014)
  • Colorful Media Private Limited (from 07.07.2014)#
  • Colosceum Media Private Limited (from 07.07.2014)#
  • Delight Proteins Limited (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Delta Corp East Africa Limited
  • Digital18 Media Limited (from 07.07.2014)#
  • E-18 Limited (from 07.07.2014)#
  • e-Eighteen.com Limited (from 07.07.2014)#
  • Equator Trading Enterprises Private Limited (from 07.07.2014)#
  • Ethane Crystal LLC (from 10.09.2014)
  • Ethane Emerald LLC (from 10.09.2014)
  • Ethane Opal LLC (from 10.09.2014)
  • Ethane Pearl LLC (from 10.09.2014)
  • Ethane Sapphire LLC (from 10.09.2014)
  • Ethane Topaz LLC (from 10.09.2014)
  • Gapco Kenya Limited
  • Gapco Rwanda Limited (Up to 05.08.2014)
  • Gapco Tanzania Limited
  • Gapco Uganda Limited
  • Gapoil (Zanzibar) Limited
  • GenNext Innovation Ventures Limited (Amalgamated with Reliance Industrial Investments and Holdings Limited w.e.f. 18.12.2014)
  • Gopesh Commercials Private Limited (from 05.11.2014)
  • Greycells18 Media Limited (from 07.07.2014)#
  • Gulf Africa Petroleum Corporation
  • Ibn18 (Mauritius) Limited (from 07.07.2014)#
  • Indiawin Sports Private Limited
  • Infomedia Press Limited (from 07.07.2014)#
  • Infotel Telecom Limited (Amalgamated with Reliance Jio Infocomm Limited w.e.f. 01.09.2014)
  • Kaizen Capital LLP (Liquidated w.e.f. 12.08.2014)
  • Kanhatech Solutions Limited
  • LPG Infrastructure (India) Limited (Amalgamated with Reliance Petro Marketing Limited w.e.f. 01.09.2014)
  • Mark Project Services Private Limited (Amalgamated with Reliance Industrial Investments and Holdings Limited w.e.f. 18.12.2014)
  • Model Economic Township Limited*
  • Moneycontrol Dot Com India Limited (from 07.07.2014)#
  • Nemita Commercials Private Limited (from 05.11.2014)
  • Network 18 Holdings Limited (from 07.07.2014)#
  • Network18 Media & Investments Limited (from 07.07.2014)#
  • Nisarga Commercials Private Limited (from 05.11.2014)
  • NW18 HSN Holdings Plc (from 07.07.2014)#
  • Office Depot Reliance Supply Solutions Private Limited (from 27.03.2015)
  • Panorama Television Private Limited (from 07.07.2014)#
  • Prakruti Commercials Private Limited (from 05.11.2014)
  • Prism Tv Private Limited (from 07.07.2014)#
  • Rancore Technologies Private Limited (Amalgamated with Reliance Jio Infocomm Limited w.e.f. 01.09.2014)
  • RB Holdings Private Limited (from 07.07.2014)#
  • RB Media Holdings Private Limited (from 07.07.2014)#
  • RB Mediasoft Private Limited (from 07.07.2014)#
  • Recron (Malaysia) Sdn. Bhd.
  • Reed Infomedia India Private Limited (from 07.07.2014)#
  • Reliance Aerospace Technologies Limited
  • Reliance Agri Ventures Private Limited (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Reliance Ambit Trade Private Limited
  • Reliance Aromatics and Petrochemicals Limited
  • Reliance Brands Limited
  • Reliance Chemicals Limited
  • Reliance Clothing India Private Limited
  • Reliance Commercial Land & Infrastructure Limited
  • Reliance Comtrade Private Limited
  • Reliance Convention and Exhibition Centre Limited (Amalgamated with Reliance Corporate IT Park Limited w.e.f. 01.09.2014)
  • Reliance Corporate Centre Limited
  • (Amalgamated with Reliance Corporate IT Park Limited w.e.f. 01.09.2014)
  • Reliance Corporate IT Park Limited
  • Reliance Corporate Services Limited (Amalgamated with Reliance Industrial Investments and Holdings Limited w.e.f. 18.12.2014)
  • Reliance Dairy Foods Limited
  • (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Reliance do Brasil Industria e Comercio de Produtos Texteis, Quimicos, Petroquimicos e Derivados Ltda.
  • Reliance Eagleford Midstream LLC
  • Reliance Eagleford Upstream GP LLC
  • Reliance Eagleford Upstream Holding LP
  • Reliance Eagleford Upstream LLC
  • Reliance Eminent Trading & Commercial Private Limited
  • Reliance Energy and Project Development Limited
  • Reliance Energy Generation and Distribution Limited
  • Reliance Ethane Holding Pte. Ltd. (from 04.09.2014)
  • Reliance Exploration & Production DMCC
  • Reliance F&B Services Limited (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Reliance Financial Distribution and Advisory Services Limited (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Reliance Food Processing Solutions Limited (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Reliance Gas Corporation Limited
  • (Amalgamated with Reliance Industrial Investments and Holdings Limited w.e.f. 18.12.2014)
  • Reliance Gas Pipelines Limited
  • Reliance Global Business B.V.
  • Reliance Global Commercial Limited
  • Reliance Global Energy Services (Singapore) Pte. Ltd.
  • Reliance Global Energy Services Limited
  • Reliance Holding USA, Inc.
  • Reliance Industrial Investments and Holdings Limited
  • Reliance Industries (Middle East) DMCC
  • Reliance Industries Investment and Holding Limited (Amalgamated with Reliance Industrial Investments and Holdings Limited w.e.f. 18.12.2014)
  • Reliance Infrastructure Management Services Limited (Amalgamated with Reliance Corporate IT Park Limited w.e.f. 01.09.2014)
  • Reliance Innovative Building Solutions Private Limited (from 30.03.2015)
  • Reliance Jio Infocomm Limited
  • Reliance Jio Infocomm Pte. Limited
  • Reliance Jio Infocomm UK Limited
  • Reliance Jio Infocomm USA, Inc.
  • Reliance Jio Messaging Services Private Limited^
  • Reliance Lifestyle Holdings Limited
  • Reliance Marcellus Holding LLC
  • Reliance Marcellus LLC
  • Reliance Marcellus II LLC
  • Reliance Nutritious Food Products Limited (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Reliance Payment Solutions Limited
  • Reliance People Serve Limited(Amalgamated with Reliance Corporate IT Park Limited w.e.f. 01.09.2014)
  • Reliance Petro Marketing Limited
  • Reliance Petroinvestments Limited
  • Reliance Polyolefins Limited
  • Reliance Progressive Traders Private Limited
  • Reliance Prolific Commercial Private Limited
  • Reliance Prolific Traders Private Limited
  • Reliance Retail Finance Limited
  • Reliance Retail Insurance Broking Limited
  • Reliance Retail Limited
  • Reliance Retail Ventures Limited
  • Reliance Review Cinema Limited
  • (Amalgamated with Reliance Retail Limited w.e.f. 26.12.2014)
  • Reliance Security Solutions Limited
  • (Amalgamated with Reliance Industrial Investments and Holdings Limited w.e.f. 18.12.2014)
  • Reliance Sibur Elastomers Private Limited
  • Reliance Strategic (Mauritius) Limited (Liquidated w.e.f. 23.04.2014)
  • Reliance Strategic Investments Limited
  • Reliance Style Fashion India Private Limited (Amalgamated with Reliance Brands Limited w.e.f. 01.10.2014)
  • Reliance Styles India Limited (Amalgamated with Reliance Brands Limited w.e.f. 01.10.2014)
  • Reliance Textiles Limited (from 23.03.2015)
  • Reliance Trading Limited
  • Reliance Universal Commercial Limited
  • Reliance Universal Enterprises Limited
  • Reliance Universal Traders Private Limited
  • Reliance USA Gas Marketing LLC
  • Reliance Vantage Retail Limited
  • Reliance Ventures Limited
  • Reliance World Trade Private Limited#
  • Reliance Jio Digital Services Private Limited (from 22.09.2014)
  • Reliance Jio Global Resources LLC (from 15.01.2015)
  • Reliance Jio Media Private Limited (from 02.01.2015)
  • Reliance-GrandOptical Private Limited
  • Resolute Land Consortium Projects Limited**
  • RIL (Australia) Pty Ltd
  • RIL USA, Inc.
  • RRB Investments Private Limited (from 07.07.2014)#
  • RRB Mediasoft Private Limited (from 07.07.2014)#
  • RRK Finhold Private Limited (from 07.07.2014)#
  • RVT Finhold Private Limited (from 07.07.2014)#
  • RVT Media Private Limited (from 07.07.2014)#
  • Setpro18 Distribution Limited (from 07.07.2014)#
  • Stargaze Entertainment Private Limited (from 07.07.2014)#
  • Strategic Manpower Solutions Limited
  • Surela Investment and Trading Private Limited
  • Television Eighteen Mauritius Limited (from 07.07.2014)#
  • Television Eighteen Media & Investments Limited (from 07.07.2014)#
  • Transenergy (Kenya) Limited
  • TV18 Broadcast Limited (from 07.07.2014)#
  • TV18 Home shopping Network Limited (from 07.07.2014)#
  • Vijayant Commercials Private Limited (from 05.11.2014)
  • Watermark Infratech Private Limited (from 07.07.2014)#
  • Wave Land Developers Limited
  • Web18 Holdings Limited (from 07.07.2014)#
  • Web18 Software Services Limited (from 07.07.2014)#

 

 

Associates  :
  • Gujarat Chemical Port Terminal Company Limited
  • Indian Vaccines Corporation Limited
  • Reliance Commercial Dealers Limited
  • Reliance Europe Limited
  • Reliance Gas Transportation Infrastructure Limited
  • Reliance Industrial Infrastructure Limited
  • Reliance LNG Limited
  • Reliance Ports and Terminals Limited
  • Reliance Utilities and Power Private Limited

 

 

Enterprises over which Key Managerial Personnel are able to exercise significant influence  :
  • Dhirubhai Ambani Foundation
  • Hirachand Govardhandas Ambani Public Charitable Trust
  • HNH Trust and HNH Research Society
  • Jamnaben Hirachand Ambani Foundation
  • Reliance Foundation

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000000000

Equity Shares

Rs.10/- each

Rs. 50000.000 Million

1000000000

Preference Shares

Rs.10/- each

Rs. 10000.000 Million

 

 

 

 

 

Total

 

Rs. 60000.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3235688765

Equity Shares

Rs.10/- each

Rs. 32360.000 Million

 

 

 

 

 

  • 450427345 Shares were allotted on conversion / surrender of Debentures and Bonds, conversion of Term Loans, exercise of Warrants, against Global Depository Shares (GDS) and re-issue of Forfeited Equity Shares, since inception.

 

  • 171883624 Shares held by subsidiaries, which were allotted pursuant to the Schemes of Amalgamation sanctioned by the Hon’ble High Courts in the previous years, do not have voting rights and are not eligible for Bonus Share.

 

  • 46246280 Shares were bought back and extinguished in the last five years.

 

 

The details of Shareholders holding more than 5% shares:

 

Name of the Shareholder

31st March, 2015

 

No. of Shares

% held

Life Insurance Corporation of India

29,69,44,782

9.18

 

 

The reconciliation of the number of shares outstanding is set out below:

Particulars

31st March, 2015

No. of Shares

Equity Shares at the beginning of the year

323,19,01,858

Add : Shares issued on exercise of Employee Stock Options

37,86,907

Less : Shares cancelled on buy back of Equity Shares

--

Equity Shares at the end of the year

323,56,88,765

 

The Company has reserved issuance of 12,67,18,207 (Previous year 13,05,05,114) Equity Shares of ` 10 each for offering to Eligible Employees of the Company and its subsidiaries under Employees Stock Option Scheme (ESOS). During the year the Company has granted 45,419 options which includes 21,367 options at a price ` 936 per option, 13,052 options at a price of ` 961 per option and 11,000 options at a price of ` 843 per option plus all applicable taxes, as may be levied in this regard on the Company (Previous year 71, 866 options which includes 60,866 options at a price of ` 860 per option and 11,000 options at a price of ` 880 per option plus all applicable taxes, as may be levied in this regard on the Company) to the Eligible Employees. The options would vest over a maximum period of 7 years or such other period as may be decided by the Human Resources, Nomination and Remuneration Committee from the date of grant based on specified criteria.

 

Share application money pending allotment represents application money received on account of Employees Stock Option Scheme.

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

 

SOURCES OF FUNDS

 

31.03.2015

31.03.2014

31.03.2013

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

32360.000

32320.000

32290.000

(b) Reserves & Surplus

2129230.000

1938420.000

1767660.000

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

170.000

170.000

250.000

Total Shareholders’ Funds (1) + (2)

2161760.000

1970910.000

1800200.000

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

762270.000

627110.000

430120.000

(b) Deferred tax liabilities (Net)

0.000

122150.000

121930.000

(c) Other long term liabilities

126770.000

0.000

0.000

(d) long-term provisions

14040.000

0.000

0.000

Total Non-current Liabilities (3)

903080.000

749260.000

552050.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

129140.000

227700.000

115110.000

(b) Trade payables

544700.000

578620.000

457870.000

(c) Other current liabilities

190630.000

107670.000

216400.000

(d) Short-term provisions

48540.000

41670.000

43480.000

Total Current Liabilities (4)

913010.000

955660.000

832860.000

 

 

 

 

TOTAL

3977850.000

3675830.000

3185110.000

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1903160.000

804240.000

829620.000

(ii) Intangible Assets

0.000

289820.000

267860.000

(iii) Capital work-in-progress

0.000

326730.000

135250.000

(iv) Intangible assets under development

0.000

90430.000

55910.000

(b) Non-current Investments

620580.000

526920.000

241430.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

292590.000

284360.000

215280.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

2816330.000

2322500.000

1745350.000

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

505150.000

333700.000

283660.000

(b) Inventories

365510.000

429320.000

427290.000

(c) Trade receivables

46610.000

106640.000

118800.000

(d) Cash and cash equivalents

115710.000

366240.000

495470.000

(e) Short-term loans and advances

123070.000

112770.000

109740.000

(f) Other current assets

5470.000

4660.000

4800.000

Total Current Assets

1161520.000

1353330.000

1439760.000

 

 

 

 

TOTAL

3977850.000

3675830.000

3185110.000

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

 

Income

3290760.000

3901170.000

3602970.000

 

 

Other Income

87210.000

89360.000

79980.000

 

 

TOTAL                                     (A)

3377970.000

3990530.000

3682950.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

2559980.000

3293130.000

3061270.000

 

 

Purchases of Stock-in-Trade

71340.000

5240.000

5020.000

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

19430.000

4120.000

(33170.000)

 

 

Employees benefits expense

36860.000

33700.000

33540.000

 

 

Other expenses

287130.000

256210.000

228440.000

 

 

TOTAL                                     (B)

2974740.000

3592400.000

3295100.000

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

403230.000

398130.000

387850.000

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

23670.000

32060.000

30360.000

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

379560.000

366070.000

357490.000

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

84880.000

87890.000

94650.000

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

294680.000

278180.000

262840.000

 

 

 

 

 

Less

TAX                                                                  (H)

67490.000

58340.000

52810.000

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

227190.000

219840.000

210030.000

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB Value for Exports

2091690.000

2611180.000

2278830.000

 

 

Interest Earnings

240.000

50.000

20.000

 

 

Other Earnings

2050.000

2430.000

2070.000

 

TOTAL EARNINGS

2093980.000

2613660.000

2280920.000

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials and Stock-in-Trade

2414560.000

3026300.000

2817190.000

 

 

Stores, Chemicals and Packing Materials

32170.000

37190.000

32600.000

 

 

Capital goods

97880.000

42180.000

22040.000

 

TOTAL IMPORTS

2544610.000

3105670.000

2871830.000

 

 

 

 

 

 

Earnings Per Share (Rs.)

70.20

68.05

64.82

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

84490.000

44590.000

178820.000

Cash generated from operations

408090.000

49470.000

376630.000

 

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT/Sales)

(%)

6.90

5.64

5.83

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

12.25

10.21

10.76

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

8.78

10.18

9.55

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.14

0.14

0.15

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.45

0.46

0.40

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.27

1.42

1.73

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

32290.000

32320.000

32360.000

Reserves & Surplus

1767660.000

1938420.000

2129230.000

 Share Application money pending allotment

250.000

170.000

170.000

Net worth

1800200.000

1970910.000

2161760.000

 

 

 

 

long-term borrowings

430120.000

627110.000

762270.000

Short term borrowings

115110.000

227700.000

129140.000

Current maturities of long-term debts

178820.000

44590.000

84490.000

Total borrowings

724050.000

899400.000

975900.000

Debt/Equity ratio

0.402

0.456

0.451

           

 

 

 

 

YEAR-ON-YEAR GROWTH

 

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

3602970.000

3901170.000

3290760.000

 

 

8.277

(15.647)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

3602970.000

3901170.000

3290760.000

Profit

210030.000

219840.000

227190.000

 

5.83%

5.64%

6.90%

 

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check List by Info Agents

Available in Report

(Yes / No)

1]

Year of establishment

Yes

2]

Constitution of the entity -Incorporation details

Yes

3]

Locality of the entity

Yes

4]

Premises details

No

5]

Buyer visit details

--

6]

Contact numbers

Yes

7]

Name of the person contacted

No

8]

Designation of contact person

No

9]

Promoter’s background

No

10]

Date of Birth of Proprietor / Partners / Directors

No

11]

Pan Card No. of Proprietor / Partners

No

12]

Voter Id Card No. of Proprietor / Partners

No

13]

Type of business

Yes

14]

Line of Business

Yes

15]

Export/import details (if applicable)

No

16]

No. of employees

Yes

17]

Details of sister concerns

Yes

18]

Major suppliers

No

19]

Major customers

No

20]

Banking Details

Yes

21]

Banking facility details

Yes

22]

Conduct of the banking account

--

23]

Financials, if provided

Yes

24]

Capital in the business

Yes

25]

Last accounts filed at ROC, if applicable

Yes

26]

Turnover of firm for last three years

Yes

27]

Reasons for variation <> 20%

--

28]

Estimation for coming financial year

No

29]

Profitability for last three years

Yes

30]

Major shareholders, if available

Yes

31]

External Agency Rating, if available

Yes

32]

Litigations that the firm/promoter involved in

Yes

33]

Market information

--

34]

Payments terms

No

35]

Negative Reporting by Auditors in the Annual Report

No

 

 

LITIGATION DETAILS:

 

LITIGATION DETAILS

Bench:- Bombay

Presentation Date:-

20.05.2015

Lodging No.: CHSL/1012/2015    Filing Date: 20.05.2015    Reg. No.: CEXA/117/2014   Reg. Date: 14.07.2014

Petitioner:-

THE COMMISSSIONER CENTERAL EXICIS

Respondent:-

RELIANCE INDUSTRIES LIMITED

Petn.Adv:-

JITENDRA BRIJBHUSHAN MISHRA (0)

Resp. Adv.:-

0 (0)

District:-

MUMBAI

Bench:-

SINGLE

 

 

Status:- 

Pre-Admission

Category :

CHAMBER SUMMONS

Next Date:-

15.06.2015

Stage :

-–

Last Coram:-

ACCORDING TO SITTING LIST

Act :-

Central Excise and Salt Act

 

 

 

CHARGES

 

ENTITY

PERSON

COMPETENT AUTHORITY

REGULATORY CHARGES

REGULATORY ACTION (S) / DATE OF ORDER

FURTHER DEVELOPMENTS

RELIANCE INDUSTRIES  LIMITED

EPFO

EXEMPTED AND UNEXEMPTED ESTABLISHMENTS DEFAULTED WITH EPFO INCLUDING PROVIDENT FUND, PENSION AND EDLI CONTRIBUTION, ADMINISTRATION CHARGES AND PENAL DAMAGES OF RS.83.55 LAKHS

AMONG OTHER ACTIONS, NAMES OF DEFAULTERS PUT ON THE EPFO WEBSITE

31-MAR-2012

RELIANCE INDUSTRIES  LIMITED

NSDL

HIGH PENDING DEMAT REQUESTS

PUT UP ON NSDL WEBSITE FOR PUBLIC NOTICE

15-JAN-2010

NOT APPEARING IN THE LIST DATED 15/04/2011

RELIANCE INDUSTRIES  LIMITED

CDSL

HIGH PENDING DEMAT REQUESTS

PUT UP ON CDSL WEBSITE FOR PUBLIC NOTICE

16-NOV-2009

NOT APPEARING IN THE LIST DATED 16/04/2011

RELIANCE INDUSTRIES  LIMITED

NSE

HIGHEST NUMBER OF COMPLAINTS PENDING AS ON 28-FEBRUARY-2007

PUT UP ON NSE WEBSITE FOR PUBLIC NOTICE

02-NOV-2006

NOT APPEARING IN LIST AS ON 31-MARCH-2007

RELIANCE INDUSTRIES  LIMITED

SEBI

DID NOT COMPLY WITH SEBI TAKEOVER REGULATIONS, 1997

IMPOSED PENALTY RS.4,75,000

31-AUG-2004

SAT: IMPUGNED ORDER SET ASIDE WITH NO ORDER AS TO COSTS

 

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

LONG TERM BORROWINGS

 

 

Bonds

203030.000

99410.000

Term Loans- from banks

545600.000

512110.000

Deferred payment liabilities

0.000

30.000

SHORT TERM BORROWINGS

 

 

Other Loans and Advances

 

 

From Banks

 

 

Foreign Currency Loans - Buyers/Packing credit

122420.000

135820.000

Rupee Loans

 

0.000

 

 

 

Total

 

871050.000

747370.000

 

 

CONTINGENT LIABILITIES

 

PARTICULARS

31.03.2015

(Rs. In Million)

31.03.2014

(Rs. In Million)

Claims against the company / disputed liabilities not acknowledged as debts

 

 

In respect of Joint Ventures

7980.000

4140.000

In respect of others

17700.000

14330.000

Guarantees

 

 

Guarantees to Banks and Financial Institutions against credit facilities extended to third parties

 

 

In respect of others

354180.000

323080.000

Performance Guarantees

 

 

In respect of others

2740.000

2900.000

Outstanding guarantees furnished to Banks and Financial Institutions including in respect of Letters of Credits

 

 

In respect of joint ventures

200.000

7000.000

In respect of others

177040.000

48430.000

Other Money for which the company is contingently liable

 

 

Liability in respect of bills discounted with Banks (Including third party bills discounting)

 

 

In respect of others

11210.000

49700.000

 

 

FIXED ASSETS:

 

Tangible Assets

  • Leasehold Land
  • Freehold Land
  • Buildings
  • Plant and Machinery
  • Electrical Installations
  • Equipments
  • Furniture and Fixtures
  • Vehicles
  • Ships
  • Aircrafts and Helicopters

 

Intangible Assets

  • Technical Knowhow fees
  • Software
  • Development Rights

 

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. 63.89

UK Pound

1

Rs. 97.97

Euro

1

Rs. 71.81

 

 

INFORMATION DETAILS

 

Information Gathered by :

DPA

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

JYTK

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

10

PAID-UP CAPITAL

1~10

9

OPERATING SCALE

1~10

10

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

10

--PROFITABILITY 

1~10

10

--LIQUIDITY

1~10

10

--LEVERAGE

1~10

9

--RESERVES

1~10

9

--CREDIT LINES

1~10

9

--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

 

86

 

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

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NB

                                       New Business

 

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

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