MIRA INFORM REPORT
|
Report No. : |
345067 |
|
Report Date : |
16.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE BRANDS LIMITED (w.e.f.17.12.2007) RELIANCE STYLE FASHION INDIA PRIVATE LIMITED AMALGAMATED WITH RELIANCE
BRANDS LIMITED |
|
|
|
|
Formerly Known
as : |
RELIANCE BRANDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao,
Mumbai – 400002, Maharashtra |
|
Tel. No.: |
91-22-40613000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.09.2007 |
|
|
|
|
Com. Reg. No.: |
11-174470 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 808.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2007PLC174470 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Subject is engaged in the retail business of apparel, footwear and
accessories. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of ‘Reliance universal ventures limited’ which
is a part of Reliance industries Mukesh Ambani Group. Subject was established
in the year 2007 engaged in the retails business of apparel, footwear and
accessories. Company possesses moderate operational performance and it has incurred
losses from its operational activities. The ratings also takes consideration the moderate financial metrics of
the company as reflected by its loss making nature of operations moderate
capital structure and leverage balance sheet profile of the company. However, rating derive strength from the strong financial and
managerial support that company receives from holding entity backed by its
well experience management team and diversified business network. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. Note: Scheme of
Amalgamation was filed with the Bombay High Court by the subject company of
its two wholly-owned subsidiary namely ‘Reliance Style Fashion India Private
Limited’ and ‘Reliance Styles India Limited’. The scheme provides for
amalgamation of the above two wholly-owned subsidiaries with the subject
company with effect from the appointed date of 1st April, 2013. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2015.
INFORMATION DECLINED
Management Non-cooperative (91-22-40613000)
LOCATIONS
|
Registered Office : |
5th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai
– 400002, Maharashtra |
|
Tel. No.: |
91-22-40613000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Ramesh Kumar Damani |
|
Designation : |
Director |
|
Address : |
403,Fourth Floor, Usha Kung, 30d Juhu Koliwada , Juhu Tara Road, Santacruz, Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
06.03.1971 |
|
Date of Appointment : |
26.09.2007 |
|
DIN No.: |
00049764 |
|
|
|
|
Name : |
Timothy Wheeler Ralph |
|
Designation : |
Director |
|
Address : |
5150 Beech Biuffdr Morgantion, North Caroline – 0028655, United State
of America |
|
Date of Birth/Age : |
19.12.1954 |
|
Date of Appointment : |
29.02.2008 |
|
DIN No.: |
00863237 |
|
|
|
|
Name : |
Arthur Thomas Georg Engel |
|
Designation : |
Director |
|
Address : |
Ostermalmsgatan 61, 4Tr, Stockholm, Sweden 11450 |
|
Date of Birth/Age : |
21.11.1967 |
|
Date of Appointment : |
24.09.2008 |
|
DIN No.: |
02335700 |
|
|
|
|
Name : |
Mr. Pankaj Mohan Pawar |
|
Designation : |
Director |
|
Address : |
302, Archana Saurabh, Plot No. 210, Sector 7, Koparkhairane, Navi
Mumbai, Thane – 400709, Maharashtra, India |
|
Date of Birth/Age : |
14.07.1972 |
|
Date of Appointment : |
31.03.2010 |
|
DIN No.: |
00085077 |
|
|
|
|
Name : |
Mr. Ashish Mahadeo Patil |
|
Designation : |
Director |
|
Address : |
26, Radha Sah Niwas, Ashta Vinayak Marg, Thane (E), Mumbai - 400603, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1971 |
|
Date of Appointment : |
21.01.2008 |
|
DIN No.: |
00076627 |
|
|
|
|
Name : |
Mr. Darshan Rasiklal Mehta |
|
Designation : |
Director |
|
Address : |
32, Mayflower, Carmichael Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1961 |
|
Qualification: |
B. Com, F.C.A, A.I.C.W.A |
|
Date of Appointment : |
21.01.2008 |
|
DIN No.: |
00103155 |
|
|
|
|
Name : |
Mr. Mayank Jayantilal Shah |
|
Designation : |
Additional Director |
|
Address : |
B / 605, Raj Residency - I, Mahavir Nagar, Dhanukarwadi, Kadivali (West), Mumbai - 400067, Maharashtra, India |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
00076380 |
|
|
|
|
Name : |
Mr. Samirbhai Rameshbhai Sheth |
|
Designation : |
Additional Director |
|
Address : |
16, Kadamb Banglows, Vastrapur, Ahmedabad - 380015, Gujarat, India |
|
Date of Appointment : |
30.03.2015 |
|
DIN No.: |
01285752 |
KEY
EXECUTIVE
|
Name : |
Mr. Dhirendra Narayan Nanda |
|
Designation : |
R Manager / Company Secretary |
|
Address : |
Flat No. E 52, DG (S), Housing Society, Plot No. 6, Sector 22, Dwarka,
New Delhi – 110075, India |
|
Date of Birth/Age : |
05.06.1965 |
|
Date of Appointment : |
14.04.2011 |
|
PAN No.: |
ABQPN7698J |
|
|
|
|
Name : |
Mr. Darshan Mehta |
|
Designation : |
Chief Executive Officer |
|
Address : |
32, Mayflower, Carmichael Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
53 Years |
|
Date of Appointment : |
30.09.2014 |
|
Qualification: |
B. Com, F.C.A, A.I.C.W.A |
|
Experience : |
30 Years |
|
PAN No.: |
AADPM4145K |
|
|
|
|
Name : |
Mr. Pranav Kishor Lodhavia |
|
Designation : |
Chief Executive Officer |
|
Address : |
304, Everest Terraces,, Tejpal Road, Vile Parle (East), Mumbai - 400057, Maharashtra, INDIA |
|
Date of Appointment : |
16.03.2015 |
|
PAN No.: |
AAAPL6202F |
|
|
|
|
Name : |
Mr. Sumeet Yadav |
|
Designation : |
Sr. Vice President |
|
Date of Birth/Age : |
44 year |
|
Qualification: |
BSc, MBA |
|
Experience : |
17 years |
|
|
|
|
Name : |
Mr. Nitin Chhabra |
|
Designation : |
Sr. Vice President |
|
Date of Birth/Age : |
39 Years |
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Qualification: |
B. Com, MBA |
|
Experience : |
17 years |
|
|
|
|
Name : |
Mr. Ashish Patil |
|
Designation : |
Sr. Vice President |
|
Date of Birth/Age : |
43 Years |
|
Qualification: |
B. Com, MBA |
|
Experience : |
23 Years |
|
|
|
|
Name : |
Mr. P K.X Thomas |
|
Designation : |
Sr. Vice President |
|
Date of Birth/Age : |
50 Years |
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Qualification: |
BSc, MCA |
|
Experience : |
24 Years |
|
|
|
|
Name : |
Mr. Deval Shah |
|
Designation : |
Head Business Operations |
|
Date of Birth/Age : |
34 Years |
|
Qualification: |
MBA |
|
Experience : |
10 Years |
|
|
|
|
Name : |
Mr. KVS Seshasai |
|
Designation : |
Head Business Operations |
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Date of Birth/Age : |
43 Years |
|
Qualification: |
PG- Diploma in Management |
|
Experience : |
22 Years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders (Electronic Mode) |
|
No. of Shares |
|
Reliance Retail Ventures Limited (Formerly Reliance Commercial Associates Limited) |
|
80859994 |
|
Total |
|
80859994 |
|
Names of Shareholders (Physical
Mode) |
|
No. of Shares |
|
Sudhakar Saraswatula jointly with Reliance Retail Ventures Limited |
|
1 |
|
Madhavan Ganesan jointly with Reliance Retail Ventures Limited |
|
1 |
|
A Ramaswamy jointly with Reliance Retail Ventures Limited |
|
1 |
|
Rajendra Madhav Kamath jointly with Reliance Retail Ventures Limited |
|
1 |
|
Rohit C Shah jointly with Reliance Retail Ventures Limited |
|
1 |
|
Sridhar Kothandaraman jointly with Reliance Retail Ventures Limited |
|
1 |
|
Total |
|
6 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the retail business of apparel, footwear and
accessories. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Chaturvedi and Shah Chartered Accountant |
|
Address : |
714-715,
Tulsiani Chambers 212, Nariman Point, Mumbai – 400021, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFC0662N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
company: |
L17110MH1973PLC019786 |
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|
Holding company: |
U51109MH2007PLC167805
U51909MH2006PLC166166 |
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Subsidiary company
: |
U51310MH2008PTC178078
U17120MH2008PLC180309
U01403MH2007PLC172415 |
|
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|
|
Fellow Subsidiary
company : |
U52190MH2007PLC175508
U70102MH2007PLC170415
U74999MH2007PLC167704
U01100MH1999PLC120563
U51909MH2006PLC16616
U25199MH1998PLC114011
U52100MH2007PLC175533
U17120MH1998PLC114010 |
|
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|
Joint venture : |
U18101GJ2007PTC050985
U74994MH2008PTC180316
U51909MH2006PTC166092
U74999MH2012FTC226582
U74900MH2012PTC227437 |
|
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Associate : |
U17120MH2008PTC180361 |
CAPITAL STRUCTURE
After 29.09.2014
Authorised Capital : Rs.
1010.600
Issued, Subscribed & Paid-up Capital : Rs. 898.600 Million
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80860000 |
Equity Shares |
Rs.10/- each |
Rs.808.600
Million |
|
|
|
|
|
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 |
808.600 |
808.600 |
808.600 |
|
(b) Reserves & Surplus |
(719.315) |
(483.794) |
(249.262) |
|
(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) |
89.285 |
324.806 |
559.338 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3953.585 |
2231.708 |
841.884 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
129.565 |
189.480 |
0.000 |
|
(d) long-term provisions |
16.372 |
13.474 |
14.344 |
|
Total
Non-current Liabilities (3) |
4099.522 |
2434.662 |
856.228 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
135.080 |
84.490 |
65.436 |
|
(c) Other current liabilities |
129.178 |
40.384 |
27.835 |
|
(d) Short-term provisions |
0.671 |
0.247 |
0.266 |
|
Total
Current Liabilities (4) |
264.929 |
125.121 |
93.537 |
|
|
|
|
|
|
TOTAL |
4453.736 |
2884.589 |
1509.103 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
573.623 |
403.516 |
362.617 |
|
(ii) Intangible Assets |
9.554 |
11.963 |
1.434 |
|
(iii) Capital work-in-progress |
33.202 |
54.956 |
2.829 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1114.448 |
982.198 |
411.458 |
|
(c) Deferred tax assets (net) |
371.522 |
246.659 |
117.448 |
|
(d) Long-term Loan and Advances |
1279.874 |
856.883 |
432.789 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3382.223 |
2556.175 |
1328.575 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
527.756 |
0.000 |
0.000 |
|
(b) Inventories |
389.979 |
187.603 |
102.921 |
|
(c) Trade receivables |
64.979 |
45.848 |
20.178 |
|
(d) Cash and cash equivalents |
41.205 |
41.411 |
2.515 |
|
(e) Short-term loans and
advances |
47.594 |
53.552 |
54.914 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1071.513 |
328.414 |
180.528 |
|
|
|
|
|
|
TOTAL |
4453.736 |
2884.589 |
1509.103 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
1015.973 |
612.825 |
301.191 |
|
|
Other Income |
8.879 |
0.229 |
0.179 |
|
|
TOTAL
(A) |
1024.852 |
613.054 |
301.370 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
604.905 |
293.115 |
174.275 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(197.683) |
(78.620) |
(81.536) |
|
|
Employees benefits expense |
278.335 |
322.884 |
212.781 |
|
|
Other expenses |
626.944 |
397.166 |
240.571 |
|
|
TOTAL
(B) |
1312.501 |
934.545 |
546.091 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
(287.649) |
(321.491) |
(244.721) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.861 |
0.818 |
0.296 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(291.510) |
(322.309) |
(245.017) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
68.874 |
41.434 |
29.497 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(360.384) |
(363.743) |
(274.514) |
|
|
|
|
|
|
|
Less |
TAX (H) |
(124.863) |
(129.211) |
(87.587) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(235.521) |
(234.532) |
(186.927) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(2.91) |
(2.90) |
(2.31) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
3.504 |
2.219 |
0.999 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(471.908) |
(457.207) |
(276.981) |
|
Net cash flow from operating activity |
(464.476) |
(470.828) |
(281.354) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(23.18) |
(38.27) |
(62.06) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(28.31) |
(52.46) |
(81.25) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.28) |
(22.72) |
(28.09) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(4.04) |
(1.12) |
(0.49) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
44.32 |
6.88 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.04 |
2.62 |
1.93 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
808.600 |
808.600 |
808.600 |
|
Reserves & Surplus |
(249.262) |
(483.794) |
(719.315) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
559.338 |
324.806 |
89.285 |
|
|
|
|
|
|
long-term borrowings |
841.884 |
2231.708 |
3953.585 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities Of
Long-Term Debts |
0.999 |
2.219 |
3.504 |
|
Total
borrowings |
842.883 |
2233.927 |
3957.089 |
|
Debt/Equity
ratio |
1.507 |
6.878 |
44.320 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
301.191 |
612.825 |
1015.973 |
|
|
|
103.467 |
65.785 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
301.191 |
612.825 |
1015.973 |
|
Profit |
(186.927) |
(234.532) |
(235.521) |
|
|
(62.06%) |
(38.27%) |
(23.18%) |
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 |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company 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. 15.12.2011
OPERATIONAL REVIEW
During the year the Italian jeans brand GAS tied up with the Company for a long term franchise to open and operate mono branded GAS stores in India.
The Company currently operates 48 mono brand stores and 17 Shop-In-Shop’s for the franchise business of 8 International Brands.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
3946.700 |
2226.811 |
|
Total |
3946.700 |
2226.811 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10402605 |
17/01/2013 |
10,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B67940015 |
|
2 |
10154315 |
30/03/2009 |
5,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A60806726 |
PRESS RELEASE
Mukesh Ambani's
Reliance Brands to launch Japanese retailer Muji's stores in India
NEW DELHI: Japan's Ryohin Keikaku Co Ltd has formed a joint venture with Reliance Brands to tap one of the largest consumer economies in the world.
A leading retailer of self-brand goods under the MUJI brand, it will open standalone stores across major Indian cities in partnership with the RIL Group firm.
The stores will sell a range of products like clothing for men and women, beauty items, furniture, kitchen tools, stationary and many more.
"International expansion is of utmost priority at MUJI and India is our next big Asian market with immense growth potential. India's young, educated and cosmopolitan population gives MUJI a ready cache of prospective customers." said Satoru Matsuzaki, President and Representative Director of Ryohin Keikaku said in a statement.
The joint venture will offer the complete lifestyle range from MUJI through large format standalone stores with store sizes ranging from 6,000-10,000 sq. ft.
MUJI has a strong global brand presence of 700+ stores across Japan, Asia, Europe, the USA and Australia. Outside of Japan, China is the largest international market for MUJI. MUJI entered China in 2005, and by 2014, the brand had 100+ stores in the country.
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Other money for which company is contingently liable |
102.291 |
67.836 |
FIXED ASSETS
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Leasehold improvements
Intangible assets
- Computer software
- Licenses and franchise
- Franchise
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.02 |
|
|
1 |
Rs.99.88 |
|
Euro |
1 |
Rs.73.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
41 |
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.