MIRA INFORM REPORT

Report No. :	327116
Report Date :	13.06.2015

IDENTIFICATION DETAILS

Name :	RELIANCE RETAIL LIMITED (w.e.f.13.072013)
Formerly Known As :	RELIANCE FRESH LIMITED (w.e.f.18.01.2008) RANGER FARMS LIMITED (w.e.f.10.02.2007) RANGER FARMS PRIVATE LIMITED
Registered Office :	3^rd Floor, Court House. Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002, Maharashtra
Tel. No.:	91-22-44770000
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	29.06.1999
Com. Reg. No.:	11-120563
Capital Investment / Paid-up Capital :	Rs. 49895.416 Millions
CIN No.: [Company Identification No.]	U01100MH1999PLC120563
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMR19954E
PAN No.: [Permanent Account No.]	AABCR1718E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Retail service provider of set up to initiate, acquire set up, construct, establish, maintain run operate and manage business centres, hyper markets, departmental stores, super market, shopping malls, discount store, specialty stores, shopping outlets etc.
No. of Employees :	3000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Aa (80)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 144000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of “Reliance Group” a well-known and reputed industrial house. It is an established company having a file track record. It has successfully wiped out it accumulated losses. The rating also takes into consideration, the financially strong and resourceful percentage of the company. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments. In view of strong group, the company can be considered normal for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 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	CARE
Rating	Fixed Deposit Programme = AAA
Rating Explanation	Have highest degree of safety and carry lowest credit risk
Date	May 8, 2015

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

INFORMATION PARTED BY

Name :	Ms. Akanksha Nilay Mota
Designation :	Secretary
Contact No.:	91-22-44770000
Date :	12.06.2015

LOCATIONS

Registered Office :	3^rd Floor, Court House. Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002, Maharashtra, India
Tel. No.:	91-22-44770000
Fax No.:	91-22-44770000
E-Mail :	radhika.thorat@ril.com
Website :	http://www.ril.com
Corporate Office :	9th Floor, Maker Chambers IV, 222, Nariman Point, Mumbai – 400021, Maharashtra, India
Tel. No.:	91-22-44772522
Fax No.:	91-22-22785211

DIRECTORS

AS ON 30.09.2014

Name :

Pradipta Kumar Mohapatra

Designation :

Director

Address :

11 A. B. M. Avenue, Chennai, 600028, Tamil Nadu, India

Date of Appointment :

25/03/2015

PAN No.:

00066239

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U55101TN1977PLC007261	SPENCER INTERNATIONAL HOTELS LIMITED	Director	18/09/1991	18/09/1991	01/12/2010	Active	NO
2	L22213WB1946PLC014346	SAREGAMA INDIA LIMITED	Director	30/07/2014	30/11/1994	-	Active	NO
3	L72200PN1963PLC012621	ZENSAR TECHNOLOGIES LIMITED	Director	01/04/2015	31/01/2001	-	Active	NO
4	U74899MH1995PLC221218	Blossom Telecom Limited	Director	23/03/2001	23/03/2001	01/10/2008	Amalgamated	NO
5	U64202MH1995PLC221084	BASIC TELE SERVICES LTD.	Director	27/03/2001	27/03/2001	01/10/2008	Amalgamated	NO
6	L24239MH1967PLC013739	Brabourne Enterprises Limited	Director	28/07/2005	28/07/2005	18/06/2008	Amalgamated	NO
7	U85110OR2005PTC008283	LAKSHMIKIRAN EYECARE PRIVATE LIMITED	Director	08/08/2005	08/08/2005	-	Active	NO
8	U72200PN2003PLC134597	ZENSAR OBT TECHNOLOGIES LIMITED	Nominee director	12/12/2005	12/12/2005	-	Amalgamated	NO
9	U74910TN2006PLC059763	COACHING FOUNDATION INDIA LIMITED	Director	27/10/2007	10/05/2006	-	Active	NO
10	L52322MH1995PLC090643	MORARJEE TEXTILES LIMITED	Director	23/08/2006	08/06/2006	02/08/2014	Active	NO
11	U80302TN2004PLC053288	CHENNAI BUSINESS SCHOOL LIMITED	Director	24/02/2007	24/02/2007	-	Active	NO
12	L24232MH2007PLC169354	RPG Life Sciences Limited	Director	25/09/2014	06/02/2008	-	Active	NO
13	U93020KA2008PTC045619	R&R Salons Private Limited	Director	06/08/2010	01/10/2009	-	Active	NO
14	U72200KA2006PTC040891	QWIKCILVER SOLUTIONS PRIVATE LIMITED	Director	30/09/2010	15/10/2009	-	Active	NO
15	U36941TN1915PTC001975	P.ORR & SONS PRIVATE LIMITED	Director	29/09/2010	19/02/2010	07/04/2014	Active	NO
16	U74999KA2007PTC042734	DUSTERS TOTAL SOLUTIONS SERVICES PRIVATE LIMITED	Nominee director	31/03/2010	31/03/2010	-	Active	NO
17	U85110TN2010PTC075352	MEDFORT HOSPITALS PRIVATE LIMITED	Director	28/09/2011	19/01/2011	25/12/2012	Active	NO
18	L85110TN1982PLC009781	KMC SPECIALITY HOSPITALS (INDIA) LIMITED	Director	20/07/2013	28/05/2013	13/11/2014	Active	NO
19	L92490TN1986PLC013044	STERLING HOLIDAY RESORTS (INDIA) LIMITED	Director	30/07/2014	25/04/2014	-	Active	NO
20	L17120MH1871PLC000005	PENINSULA LAND LIMITED	Director	27/09/2014	31/07/2014	-	Active	NO
21	U01100MH1999PLC120563	Reliance Retail Limited	Director	20/05/2015	25/03/2015	-	Active	NO
22	U51909MH2006PLC166165	Reliance Trading Limited	Additional director	27/03/2015	27/03/2015	-	Active	NO

Name :

Pankaj Mohan Pawar

Designation :

Whole-time director

Address :

302, Archana Saurabh, Plot No. 20, Sector 7, Koparkhairne, Navi Mumbai, 400709, Maharashtra, India

Date of Appointment :

01/10/2010

PAN No.:

00085077

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U15130MH2003PLC139197	RETAIL CONCEPTS & SERVICES (INDIA) LIMITED	Director	30/03/2006	30/03/2006	24/03/2012	Amalgamated	NO
2	U26931GJ2001PTC079679	SHREE SALASAR BRICKS PRIVATE LIMITED	Director	29/09/2009	31/03/2009	-	Active	NO
3	U45201GJ2004PTC079666	MARUGANDHA LAND DEVELOPERS PRIVATE LIMITED	Director	30/09/2009	31/03/2009	-	Active	NO
4	U51109MH2007PTC167447	Kaniska Commercials Private Limited	Director	29/09/2009	31/03/2009	-	Active	NO
5	U65910GJ1975PTC002686	N.C.TRADING COMPANY PRIVATE LIMITED	Director	29/09/2009	31/03/2009	-	Active	NO
6	U74999MH2007PTC167375	Einsten Commercials Private Limited	Director	24/09/2009	31/03/2009	-	Active	NO
7	U74999MH2007PTC168561	PARINITA COMMERCIALS PRIVATE LIMITED	Director	23/09/2009	31/03/2009	-	Active	NO
8	U51100GJ2005PTC046538	RELIANCE EMINENT TRADING & COMMERCIAL PRIVATE LIMITED	Director	29/09/2009	31/03/2009	09/10/2013	Active	NO
9	U51100GJ2005PTC046467	RELIANCE UNIVERSAL TRADERS PRIVATE LIMITED	Director	29/09/2009	31/03/2009	09/10/2013	Active	NO
10	U01122MH2006PTC161600	Reliance Prolific Commercial Private Limited	Director	24/09/2009	31/03/2009	09/10/2013	Active	NO
11	U51109MH2008PLC185094	Reliance Nutritious Food Products Limited	Director	30/09/2009	01/07/2009	-	Amalgamated	NO
12	U52599MH2007PLC176409	RELIANCE HOME PRODUCTS LIMITED	Director	06/09/2010	17/08/2009	-	Amalgamated	NO
13	U51109MH2007PLC167805	RELIANCE UNIVERSAL VENTURES LIMITED	Director	07/08/2010	18/11/2009	-	Amalgamated	NO
14	U74140MH2000PLC128371	DELIGHT PROTEINS LIMITED	Director	06/08/2010	31/03/2010	-	Amalgamated	NO
15	U15419MH2006PLC165826	RELIANCE DAIRY FOODS LIMITED	Director	06/08/2010	31/03/2010	-	Amalgamated	NO
16	U51900MH2007PLC174470	RELIANCE BRANDS LIMITED	Director	06/08/2010	31/03/2010	-	Active	NO
17	U51101MH2007PLC175511	RELIANCE FOOD PROCESSING SOLUTIONS LIMITED	Director	04/08/2010	31/03/2010	12/04/2012	Amalgamated	NO
18	U52100MH2007PLC175530	RELIANCE AGRI PRODUCTS DISTRIBUTION LIMITED	Director	04/08/2010	31/03/2010	11/04/2012	Amalgamated	NO
19	U01403MH2007PTC170521	RELIANCE AGRI VENTURES PRIVATE LIMITED	Director	06/09/2010	31/03/2010	14/10/2010	Amalgamated	NO
20	U51909MH2006PLC166163	Reliance Hyper Realty Limited	Director	31/12/2011	01/10/2010	-	Amalgamated	NO
21	U01100MH1999PLC120563	Reliance Retail Limited	Whole-time director	01/04/2015	01/10/2010	-	Active	NO
22	U70102MH2007PLC170415	RELIANCEDIGITAL RETAIL LIMITED	Director	04/08/2012	18/08/2011	-	Amalgamated	NO
23	U51909MH2006PLC166165	Reliance Trading Limited	Director	04/08/2012	24/03/2012	-	Active	NO
24	U51101MH2007PLC171321	RELIANCE FOOTPRINT LIMITED	Director	04/08/2012	12/04/2012	-	Amalgamated	NO
25	U51109MH2008PTC179553	Starfish Commercials Private Limited	Director	13/08/2013	29/06/2013	-	Active	NO
26	U51109MH2008PTC178073	Anagh Commercials Private Limited	Director	13/08/2013	29/06/2013	-	Active	NO
27	U17120MH2008PTC180384	Reliance Clothing India Private Limited	Director	18/09/2014	12/12/2013	-	Active	NO
28	U92100MH2013PTC239849	Reliance Jio Media Private Limited	Additional director	15/12/2014	15/12/2014	-	Active	NO
29	U32204MH2013PTC239944	Reliance Jio Messaging Services Private Limited	Additional director	24/01/2015	24/01/2015	-	Active	NO

Name :

Sudarshan Krishnan

Designation :

Director

Address :

301/Plot No-3,Garden View Chs Ltd, Ghatla Road, Cts 1558 Near Green Field, Chembur(East), Mumbai, 400071, Maharashtra, India

Date of Appointment :

25/03/2015

PAN No.:

01029826

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74140MH2003PTC142116	EMA PARTNERS INDIA PRIVATE LIMITED	Managing director	01/01/2014	09/09/2003	-	Active	NO
2	U74140MH2004PTC148300	SELECTEMA CONSULTING INDIA PRIVATE LIMITED	Director	31/08/2004	31/08/2004	-	Active	NO
3	U01100MH1999PLC120563	Reliance Retail Limited	Director	20/05/2015	25/03/2015	-	Active	NO
4	U74999MH2007PLC167704	STRATEGIC MANPOWER SOLUTIONS LIMITED	Additional director	27/03/2015	27/03/2015	-	Active	NO

Name :

Pramod Madhukar Bhawalkar

Designation :

Director

Address :

2/36, Om-Trimurti Chs, Bhaktidham Marg, Off Sion-Trombay Road, Chunabhatti, Sion, Mumbai, 400022, Maharashtra, India

Date of Birth/Age :

24/03/2012

PAN No.:

01114946

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U93090MH2007PLC167786	RELIANCE PEOPLE SERVE LIMITED	Director	12/02/2007	12/02/2007	-	Amalgamated	NO
2	U74999MH2007PLC167704	STRATEGIC MANPOWER SOLUTIONS LIMITED	Director	29/08/2008	07/01/2008	-	Active	NO
3	U51900MH2007PLC175640	RELIANCE INFRASTRUCTURE MANAGEMENT SERVICES LIMITED	Director	06/08/2010	05/10/2009	-	Amalgamated	NO
4	U51109MH2007PLC167805	RELIANCE UNIVERSAL VENTURES LIMITED	Director	17/08/2011	01/10/2010	-	Amalgamated	NO
5	U51909MH2007PLC167793	RELIANCE INTEGRATED AGRI SOLUTIONS LIMITED	Director	31/12/2011	01/10/2010	-	Amalgamated	NO
6	U15419MH2006PLC165826	RELIANCE DAIRY FOODS LIMITED	Director	16/08/2011	14/10/2010	-	Amalgamated	NO
7	U67200MH2006PLC165651	RELIANCE RETAIL INSURANCE BROKING LIMITED	Director	17/08/2011	14/10/2010	-	Active	NO
8	U65990MH2007PLC170804	Reliance Financial Distribution and Advisory Services Limited	Director	17/08/2011	14/10/2010	-	Amalgamated	NO
9	U52599MH2007PLC168275	RESQ LIMITED	Director	12/08/2011	14/10/2010	-	Amalgamated	NO
10	U52599MH2007PLC176414	Kanhatech Solutions Limited	Director	17/08/2011	14/10/2010	15/03/2012	Active	NO
11	U52100MH2007PLC172129	Reliance Commercial Realty Assets Limited	Director	28/09/2012	24/03/2012	-	Amalgamated	NO
12	U51909MH2006PLC166163	Reliance Hyper Realty Limited	Director	28/09/2012	24/03/2012	-	Amalgamated	NO
13	U52190MH2007PLC175508	RELIANCE SUPPLY CHAIN SOLUTIONS LIMITED	Director	30/07/2012	24/03/2012	-	Amalgamated	NO
14	U01100MH1999PLC120563	Reliance Retail Limited	Director	04/08/2012	24/03/2012	-	Active	NO
15	U70102MH2007PLC170415	RELIANCEDIGITAL RETAIL LIMITED	Director	04/08/2012	24/03/2012	-	Amalgamated	NO
16	U51100GJ2005PTC046467	RELIANCE UNIVERSAL TRADERS PRIVATE LIMITED	Director	15/09/2014	08/10/2013	-	Active	NO
17	U01122MH2006PTC161600	Reliance Prolific Commercial Private Limited	Director	29/09/2014	08/10/2013	-	Active	NO
18	AAC-0414	RESPRO SUPERCLEAN LLP	Designated Partner	29/01/2014	29/01/2014	-	Active	NO
19	AAC-0415	RESPRO ENGINEERING AND MAINTENANCE SERVICES LLP	Designated Partner	29/01/2014	29/01/2014	-	Active	NO
20	AAC-0416	RESPRO CUSTOMER SERVICES LLP	Designated Partner	29/01/2014	29/01/2014	-	Active	NO
21	AAC-0455	RESPRO FACILITY MANAGEMENT SERVICES LLP	Designated Partner	30/01/2014	30/01/2014	-	Active	NO
22	AAC-0536	RESPRO MEDICARE LLP	Designated Partner	03/02/2014	03/02/2014	-	Active	NO

Name :

Sanjay Narayan Jog

Designation :

Director

Address :

B-702, Rushi Towers, Lokhnadwala Complex, Swami Samarth Nagar, Andheri (West), Mumbai, 400053, Maharashtra, India

Date of Appointment :

30/12/2013

PAN No.:

01727602

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U52110MH2006PLC159581	Future Axiom Telecom Limited	Director	07/02/2006	07/02/2006	05/12/2007	Active	NO
2	U74900MH1996PLC097943	Future Corporate Resources Limited	Additional director	01/06/2009	01/06/2009	10/07/2009	Amalgamated	NO
3	U74999MH2008PLC181051	Future Learning and Development Limited	Director	09/10/2009	09/10/2009	-	Active	NO
4	U80301MH2008PLC184089	FUTURE EDUCATION LIMITED	Director	30/09/2010	01/06/2010	-	Active	NO
5	U74999MH2007PLC167704	STRATEGIC MANPOWER SOLUTIONS LIMITED	Director	19/08/2013	27/01/2013	-	Active	NO
6	U51900MH2007PTC175637	Reliance-Vision Express Private Limited	Director	04/07/2013	03/07/2013	24/09/2013	Active	NO
7	U51109MH2007PTC176276	Reliance-GrandVision India Supply Private Limited	Director	04/07/2013	03/07/2013	24/09/2013	Active	NO
8	U01100MH1999PLC120563	Reliance Retail Limited	Director	22/09/2014	24/12/2013	-	Active	NO

Name :

Geeta Kalyandas Fulwadaya

Designation :

Additional director

Address :

E 51 Jharokha Ii, Kalpataru Vatika, Akurli Road Opp Esis Hosp, Kandivli E, Mumbai – 400101, Maharashtra, India

Date of Appointment :

25/03/2015

PAN No.:

03341926

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U51909MH2006PTC166164	RELIANCE COMMERCIAL TRADING PRIVATE LIMITED	Director	29/06/2011	07/02/2011	-	Active	NO
2	U51109MH2007PLC176255	Reliance Corporate Services Limited	Director	25/08/2011	09/02/2011	-	Amalgamated	NO
3	U51101MH2007PTC168248	Prakhar Commercials Private Limited	Director	29/07/2011	09/02/2011	-	Active	NO
4	U51109MH2008PLC185401	RELIANCE SECURITY SOLUTIONS LIMITED	Director	30/07/2011	09/02/2011	20/07/2012	Amalgamated	NO
5	U51100GJ2005PTC046464	RELIANCE PROLIFIC TRADERS PRIVATE LIMITED	Director	17/08/2011	09/02/2011	20/09/2013	Active	NO
6	U01122MH2006PTC161600	Reliance Prolific Commercial Private Limited	Director	24/08/2011	09/02/2011	09/10/2013	Active	NO
7	U25209GJ2012PTC068867	RELIANCE SIBUR ELASTOMERS PRIVATE LIMITED	Director	03/02/2012	03/02/2012	11/01/2013	Active	NO
8	U01100MH1999PLC120563	Reliance Retail Limited	Additional director	25/03/2015	25/03/2015	-	Active	NO
9	U74999MH2007PLC167704	STRATEGIC MANPOWER SOLUTIONS LIMITED	Additional director	27/03/2015	27/03/2015	-	Active	NO
10	U40100GJ1991PTC051130	RELIANCE UTILITIES AND POWER Private LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO
11	U45102GJ1997PLC031906	RELIANCE PORTS AND TERMINALS LIMITED	Additional director	31/03/2015	31/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Raja Kolumum Ramachandran
Designation :	CFO
Address :	1703/1704, Building 1, Raheja Classique, New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India
PAN No.:	ADLPR6435Q
Date of Appointment :	25/03/2015
Name :	Radhika Thorat
Designation :	Secretary
Address :	379/8, Sugam Co Housing Society, Sector 3, Charkop, Kandivali (West), Mumbai, 400067, Maharashtra, India
PAN No.:	AHEPT4831D
Date of Appointment :	10/10/2014

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2014

SHAREHOLDING DETAILS FILE ATTACHED.

AS ON 30.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	99.95
Other top fifty shareholders	0.05
Total	100.00

BUSINESS DETAILS

Line of Business :	Retail service provider of set up to initiate, acquire set up, construct, establish, maintain run operate and manage business centres, hyper markets, departmental stores, super market, shopping malls, discount store, specialty stores, shopping outlets etc.
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

Not Divulged

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 :

Not Divulged

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 :

3000 (Approximately)

Bankers :

• State Bank of India, State Bank of India, Ground Floor, Free Press Journal Marg, Nariman Point, Mumbai, Maharashtra - 400021, India
• HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel West , Mumbai - 400013, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Term loan from bank	29.500	39.600
Long term maturity of finance lease obligations	19.500	29.300
Total	49.000	68.900

Auditors :
Name :	Chaturvedi and Shah Chartered Accountants
Address :	714/715, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400 021, Maharashtra, India
PAN No.:	AAAFC0662N
Name :	S.R. Batliboi and Company Chartered Accountant
Address :	14^th Floor, Ruby, 29, Senapati Bapat Marg, Dadar West, Mumbai – 400028, Maharashtra, India
PAN No.:	ACHFS9180N
Memberships :	--
Collaborators :	--
Ultimate Holding Company:	Reliance Industries Limited
Holding Company :	Reliance Retail Ventures Limited (formerly Reliance Commercial Associates Limited) Reliance Universal Ventures Limited (upto 24-09-2013)
Fellow Subsidiaries :	GAPCO Tanzania Limited GAPCO Uganda Limited GAPCO Kenya Limited Indiawin Sports Private Limited Reliance Brands Limited Reliance Jio Infocomm Limited Reliance Commercial Land and Infrastructure Limited Reliance Corporate IT Park Limited Reliance Industries Investment and Holding Limited Reliance Industrial Investments and Holdings Limited Reliance Lifestyle Holdings Limited Reliance Security Solutions Limited Reliance Style Fashion India Private Limited Reliance Ventures Limited Reliance Retail Insurance Broking Limited (from 23-09-2013) } Strategic Manpower Solutions Limited

CAPITAL STRUCTURE

As On 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15,000,000,000	Equity Shares	Rs. 10/- each	Rs. 150000.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4,989,541,650	Equity Shares	Rs. 10/- each	Rs. 49895.416 Millions

FINANCIAL DATA

[all figures are in Rupees Million]

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	49895.400	10.500	10.500
(b) Reserves & Surplus	525.700	(1025.200)	(12950.900)
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	49884.900	0.000
(3) Minority Interest	0.000	40.600	0.000
Total Shareholders’ Funds (1) + (2)	50421.100	48910.800	(12940.400)
(3) Non-Current Liabilities
(a) long-term borrowings	17414.000	9271.900	58728.300
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	1317.900	1133.700	0.000
(d) long-term provisions	126.900	266.000	108.800
Total Non-current Liabilities (3)	18858.800	10671.600	58837.100
(4) Current Liabilities
(a) Short term borrowings	1764.100	108.400	0.000
(b) Trade payables	12694.500	10843.000	3085.500
(c) Other current liabilities	4086.500	3661.200	1089.500
(d) Short-term provisions	28.500	27.000	5.600
Total Current Liabilities (4)	18573.600	14639.600	4180.600
TOTAL	87853.500	74222.000	50077.300
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	21693.100	18396.300	23244.200
(ii) Intangible Assets	3217.200	1449.100	0.000
(iii) Capital work-in-progress	4019.800	4388.400	3811.700
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1125.900	7706.500	2455.400
(c) Deferred tax assets (net)	7196.800	8371.300	6165.100
(d) Long-term Loan and Advances	3925.100	5666.700	5861.900
(e) Other Non-current assets	0.000	0.500	0.000
Total Non-Current Assets	41177.900	45978.800	41538.300
(2) Current assets
(a) Current investments	0.800	286.600	0.000
(b) Inventories	35153.500	21438.800	5313.700
(c) Trade receivables	1802.400	1962.000	1480.900
(d) Cash and cash equivalents	4991.900	1169.700	203.200
(e) Short-term loans and advances	4724.600	3385.600	1541.100
(f) Other current assets	2.400	0.500	0.100
Total Current Assets	46675.600	28243.200	8539.000
TOTAL	87853.500	74222.000	50077.300

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	126944.700	91260.300	38378.400
		Other Income	1874.500	191.200	8.500
		TOTAL (A)	128819.200	91451.500	38386.900
Less	EXPENSES
		Purchases of Stock-in-Trade	115030.200	74208.200	33270.800
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(12950.000)	(1810.400)	(2034.700)
		Employees benefits expenses	3951.700	3732.500	1752.800
		Other expenses	16264.500	13872.300	7564.100
		TOTAL (B)	122296.400	90002.600	40553.000
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		6522.800	1448.900	(2166.100)
Less	FINANCIAL EXPENSES (D)		697.900	734.800	2.400
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		5824.900	714.100	(2168.500)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1866.400	2804.800	2056.800
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		3958.500	(2090.700)	(4225.300)
Less	TAX (H)		1237.800	(738.600)	(1487.700)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		2720.700	(1352.100)	(2737.600)
	Earnings / (Loss) Per Share (Rs.)		0.55	(0.27)	(26072.40)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.14	(1.48)	(7.13)
Operating Profit Margin (PBIDT/Sales)	(%)	5.14	1.59	(5.64)
Return on Total Assets (PBT/Total Assets}	(%)	5.24	(3.89)	(11.22)
Return on Investment (ROI) (PBT/Networth)		0.08	(0.04)	0.33
Debt Equity Ratio (Total Debt /Networth)		0.38	0.19	(4.54)
Current Ratio (Current Asset/Current Liability)		2.51	1.93	2.04

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	10.500	10.500	49895.400
Reserves & Surplus	(12950.900)	(1025.200)	525.700
Share Application money pending allotment	0.000	49884.900	0.000
Minority Interest	0.000	40.600	0.000
Net worth	(12940.400)	48910.800	50421.100
long-term borrowings	58728.300	9271.900	17414.000
Short term borrowings	0.000	108.400	1764.100
Total borrowings	58728.300	9380.300	19178.100
Debt/Equity ratio	(4.538)	0.192	0.380

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	38378.400	91260.300	126944.700
		137.791	39.102

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	38378.400	91260.300	126944.700
Profit	(2737.600)	(1352.100)	2720.700
	(7.13%)	(1.48%)	2.14%

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	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
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	-----
33	Market information	-----
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

Note: The registered office has been shifted from Reliance Corporate Park, Building No. 4, Ground Floor, 'C' Wing, Thane-Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra, India to the present address w.e.f.21.11.2011

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10488381	11/04/2014	6,000,000,000.00	State Bank of India	State Bank of India, Ground Floor,Free Press Journal Marg,Nariman Point, Mumbai, Maharashtra - 400021, INDIA	C02663300
2	10344114	01/03/2012	42,500,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	B35773571
3	10154320	30/03/2009	22,500,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	A60806841
4	10065388	28/02/2007	100,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W  , MUMBAI, Maharashtra - 400013, INDIA	A12463303

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Loans and advance from related parties	17365.000	9200.000
Fully convertible debentures intercorporate	0.000	3.000
SHORT TERM BORROWINGS
Rupee Term loan from banks	1764.100	0.000
Loans repayable on demand	0.000	108.400
Total	19129.100	9311.400

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. 64.03
UK Pound	1	Rs. 99.27
Euro	1	Rs. 71.90

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	RAS
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	9
PAID-UP CAPITAL	1~10	9
OPERATING SCALE	1~10	9
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	9
--PROFITABILITY	1~10	9
--LIQUIDITY	1~10	9
--LEVERAGE	1~10	9
--RESERVES	1~10	8
--CREDIT LINES	1~10	9
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		80

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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

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