MIRA INFORM REPORT
|
Report No. : |
346192 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HYPERCITY RETAIL (INDIA) LIMITED (w.e.f. 30.03.2007) |
|
|
|
|
Formerly Known
As : |
HYPERCITY RETAIL (INDIA) PRIVATE LIMITED (w.e.f. 04.03.2005) RAINBOW RETAIL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Paradigm, A – Wing, 1st Floor, Mindspace, Link Road, Malad
(West), Mumbai – 400064, Maharashtra |
|
Tel. No.: |
91-22-40695555 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.05.2004 |
|
|
|
|
Com. Reg. No.: |
11-146577 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5405.873
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52510MH2004PLC146577 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MIUMR16595F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR8461K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of retailing mainly food and
grocery, health and beauty products, fruits and vegetables, homeware and
homecare products, furniture, appliances, multimedia, sports, toys and
readymade garments and subject has also made a foray into the real estate
business. |
|
|
|
|
No. of Employees
: |
Information Decline by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated on May 27, 2004 as a Private Limited Company.
The company became a Public Limited Company on March 30, 2007. It is a
subsidiary of Shoppers Stop Limited. The company is engaged in the business
of retailing – mainly food and grocery, health and beauty products, fruits
and vegetables, homeware and homecare products. The company also has presence
in the real estate business. It has satisfactory track record. There is huge accumulated losses recorded by the company during FY
2014. However, the rating takes into consideration the strong and
resourceful promoters, experienced management and established track of
Shoppers Stop Limited in the retail industry along with strong brand loyalty
among its customers. The rating also takes into consideration credit
enhancement in the form of unconditional and irrevocable corporate guarantee
provided by Shoppers Stop Limited for the various facilities of Hypercity
Retail (India) Limited. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Bank Facilities – Fund Based – LT – Term Loan = A (SO) |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk |
|
Date |
27.08.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Bank Facilities = Non Fund Based – ST –BG/LC = A1 (SO) |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk |
|
Date |
27.08.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DENIED
Management non-co-operative (91-22-40695555)
LOCATIONS
|
Registered / Corporate Office : |
Paradigm, A – Wing, 1st Floor, Mindspace, Link Road, Malad
(West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-40695555 |
|
Fax No.: |
91-22-40032120 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office 1 : |
Plot No. C-30, Block ‘G’, Opposite SIDBI, Bandra Kurla Complex, Bandra
(East), Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-22-26564000/ 26002177 |
|
Fax No.: |
91-22-26564909 |
|
E-Mail : |
prashant.mehta@shppersstop.com
rohit.mistry@hypercityindia.com
|
|
Website : |
|
|
|
|
|
Corporate Office 2 : |
Eureka Towers, C Wing, Mindspace, Malad (West), Mumbai, Maharashtra,
India |
|
|
|
|
Retail Stores : |
Located at: ·
Mumbai ·
Thane ·
Jaipur ·
·
·
·
·
|
DIRECTORS
As on 30.07.2014
|
Name : |
Mr. Ravi Chandru Raheja |
|
Designation : |
Director |
|
Address : |
Raheja House 53, A Pali Hill, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
23.09.1971 |
|
Qualification : |
B.Com and M.B.A |
|
Date of Appointment : |
27.05.2004 |
|
PAN No.: |
AADPR5769A |
|
DIN No.: |
00028044 |
|
|
|
|
Name : |
Mr. Neel Chandru Raheja |
|
Designation : |
Director |
|
Address : |
4th Floor, Raheja House 53, A Pali Hill, Bandra (West),
Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1974 |
|
Qualification : |
M.com and L.L.B |
|
Date of Appointment : |
27.05.2004 |
|
PAN No.: |
AAAPR5866R |
|
DIN No.: |
00029010 |
|
|
|
|
Name : |
Mr. Nagesh Satyanarayan Basavanhalli |
|
Designation : |
Director |
|
Address : |
Park Plaza, 81 and 82, 8th Floor, B-Wing, New Yari
Road, Versova, Andheri (West), Mumbai
– 400 061, Maharashtra, India |
|
Date of Birth/Age : |
12.04.1959 |
|
Qualification : |
Masters Management Studies |
|
Date of Appointment : |
23.05.2005 |
|
PAN No.: |
AAEPB0301K |
|
DIN No.: |
00027595 |
|
|
|
|
Name : |
Mr. Deepak Keshav Ghaisas |
|
Designation : |
Director |
|
Address : |
B/61-62, Swapnashilp, Mahant Road, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
|
Date of Birth/Age : |
19.11.1957 |
|
Qualification : |
B.Com, A.C.A, A.I.C.W.A, F.C.S |
|
Date of Appointment : |
04.08.2010 |
|
PAN No.: |
AABPG9317P |
|
DIN No.: |
00001811 |
|
|
|
|
Name : |
Mr. Nitin Jagubhai Sanghavi |
|
Designation : |
Director |
|
Address : |
15, Sunningdale Avenue, Leeds 17, London LS177SD, United Kingdom |
|
Date of Birth/Age : |
28.12.1948 |
|
Qualification : |
B.SC (Hons), Msc, PHD, D.M.S.C, F.R.S.A |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
00863107 |
|
|
|
|
Name : |
Mr. Govind Shridhar Shrikhande |
|
Designation : |
Director |
|
Address : |
Flat No. 1801, 18th Floor, Brooke Villa, Mughal Lane,
Matunga (West), Mumbai – 400 016, Maharashtra, India |
|
Date of Birth/Age : |
07.09.1960 |
|
Qualification : |
Graduate-Textiles and M.B.A |
|
Date of Appointment : |
25.07.2011 |
|
PAN No.: |
AMTPS0849J |
|
DIN No.: |
00029419 |
|
|
|
|
Name : |
Bindu Menath Mendonsa |
|
Designation : |
Director |
|
Address : |
Flat No. 402, Mangal Kripa Society, Unnat Nagar-2, Off S.V. Road, Goregaon (West), Mumbai - 400104, Maharashtra, India |
|
Date of Appointment : |
29.01.2015 |
|
DIN No.: |
07198339 |
KEY EXECUTIVES
|
Name : |
Mr. Bharat Kanaklal Sanghavi |
|
Designation : |
Company Secretary and Manager |
|
Address : |
202, Bhoomi Garden, Mahavir Nagar, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Date of Birth/Age : |
05.04.1971 |
|
Date of Appointment : |
01.09.2010 |
|
PAN No.: |
APRPS4260C |
|
|
|
|
Name : |
Vijay Lalchand Jain |
|
Designation : |
Chief Financial Officer |
|
Address : |
B-303, R.N.A. Regency Park, M.G. Rd, Before Hindustan Naka, Kandivali (West), Mumbai - 400067, Maharashtra, India |
|
Date of Appointment : |
29.01.2015 |
|
PAN No.: |
Acwpj6682m |
MAJOR SHAREHOLDERS
As on 30.07.2014
|
Names of Shareholders |
No. of Equity
Shares |
|
|
|
|
Support Properties Private Limited jointly with Anbee Construction
Private Limited, |
1 |
|
Support Properties Private Limited jointly with Cape Trading Private
Limited, |
1 |
|
Support Properties Private Limited jointly with Capstan Trading
Private Limited, |
1 |
|
Support Properties Private Limited jointly with Casa Maria Properties
Private Limited, |
1 |
|
Support Properties Private Limited jointly with Palm Shelter Estate
Development Private Limited, |
1 |
|
Shopper’s Stop Limited, |
484500 |
|
Support Properties Private Limited, |
221820 |
|
Eternus Logistics Private Limited, |
221825 |
|
Palm Shelter Estate Development Private Limited , |
950 |
|
Anbee Construction Private Limited, |
950 |
|
Cape Trading Private Limited, |
950 |
|
Capstan Trading Private Limited, |
950 |
|
Casa Maria Properties Private Limited, |
950 |
|
Raghukool Estate Development Private Limited, |
950 |
|
Ravi Chandru Raheja Jointly With Chandru Lachmandas Raheja |
950 |
|
Chandru Lachmandas Raheja Jointly With Jyoti Chandru Raheja |
950 |
|
Jyoti Chandru Raheja Jointly With Chandru Lachmandas Raheja |
950 |
|
Neel Chandru Raheja Jointly With Chandru Lachmandas Raheja |
950 |
|
B S Nagesh Jointly With Shailaja Nagesh |
12350 |
|
Total |
950000 |
As on 30.07.2014
|
Names of Shareholders |
|
No. of
Preference Shares |
|
Casa Maria Properties Private Limited, India |
|
2479000 |
|
Raghukool Estate Development Private Limited, India |
|
2479000 |
|
Capstan Trading Private Limited, India |
|
2479000 |
|
Palm Shelter Estate Development Private Limited, India |
|
2479000 |
|
Anbee Constructions Private Limited, India |
|
2479000 |
|
Cape Trading Private Limited, India |
|
2479000 |
|
Chandru L Raheja |
|
279000 |
|
Jyoti C Raheja |
|
279000 |
|
Ravi C Raheja |
|
279000 |
|
Neel C Raheja |
|
279000 |
|
Shopper’s Stop Limited, India |
|
285874000 |
|
K Raheja Corp Private Limited |
|
88757255 |
|
Support Properties Private Limited, India |
|
59073500 |
|
Eternus Logistics Private Limited, India |
|
59073500 |
|
Bs Nagesh Jointly With Shailaja Nagesh |
|
2573000 |
|
Genext Hardware and Parks Private Limited, India |
|
49196000 |
|
Total |
|
560537255 |
As on 19.11.2014
|
Names of Allottee |
|
No. of Shares
Allotted |
|
Yes Bank Limited |
|
500 |
|
Total |
|
500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.07.2014
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
98.30 |
|
Directors or relatives of directors |
|
1.70 |
|
Total
|
|
100.00 |
%20LIMITED%20-%20346192_MIRA%2023-Oct-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of retailing mainly food and grocery,
health and beauty products, fruits and vegetables, homeware and homecare
products, furniture, appliances, multimedia, sports, toys and readymade
garments and subject has also made a foray into the real estate business. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
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 Decline by the management |
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Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · IDBI Bank Limited, 47, Opus Centre, Opposite Tunga Paradise, Central Road, MIDC, Andheri (East), Mumbai – 400093, Maharashtra, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · Indian Overseas Bank, Bandra (West) Branch, Radhaswami Apartments, 36th TPS III, Mumbai – 400050, Maharashtra, India · Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Facilities : |
|
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Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Tower 3, 27th - 32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66679000 |
|
Fax No.: |
91-22-66679100 |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Holding Company : |
· Shoppers Stop Limited CIN No.: L51900MH1997PLC108798 |
|
|
|
|
Fellow Subsidiaries : |
· Crossword Bookstores Limited CIN No.: U52396MH1999PLC122528 |
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|
Companies under common control/ Significant influence : |
CIN No.: U70100MH2002PTC137766
CIN No.: U70100MH1982PTC026374
CIN No.: U45200MH1999PTC117748
CIN No.: U45200MH2005PTC157367
CIN No.: U45200MH1973PTC017018
CIN No.: U60232KA2005PTC054207
|
CAPITAL STRUCTURE
After 30.07.2014
Authorized Capital: Rs.6250.000 Million
Issued, Subscribed & Paid-up Capital: Rs.5776.373
Million
As on 30.07.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
595000000 |
Preference Shares |
Rs.10/- each |
Rs. 5950.000 Million |
|
|
Total |
|
Rs. 6000.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
Rs.10/- each |
Rs. 9.500
Million |
|
560537255 |
Preference shares |
Rs.10/- each |
Rs.5605.373
Million |
|
|
Total |
|
Rs.5614.873 Million |
As on: 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
595000000 |
Preference Shares |
Rs.10/- each |
Rs. 5950.000 Million |
|
|
Total |
|
Rs. 6000.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
950000 |
Equity Shares |
Rs.10/- each |
Rs.9.500
Million |
|
539637255 |
Preference Shares |
Rs.10/- each |
Rs. 5396.373
Million |
|
|
Total |
|
Rs. 5405.873 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 |
5405.873 |
4610.873 |
3720.873 |
|
(b) Reserves & Surplus |
(5375.728) |
(4517.583) |
(3640.266) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
30.145 |
93.290 |
80.607 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
2205.800 |
1485.000 |
1447.499 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2205.800 |
1485.000 |
1447.499 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
363.387 |
866.810 |
917.978 |
|
(b) Trade
payables |
1019.763 |
690.106 |
594.654 |
|
(c) Other
current liabilities |
452.972 |
210.276 |
258.914 |
|
(d) Short-term
provisions |
9.809 |
7.960 |
5.169 |
|
Total Current
Liabilities (4) |
1845.931 |
1775.152 |
1776.715 |
|
|
|
|
|
|
TOTAL |
4081.876 |
3353.442 |
3304.821 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1658.194 |
1494.678 |
1597.459 |
|
(ii)
Intangible Assets |
108.754 |
80.391 |
77.743 |
|
(iii)
Capital work-in-progress |
9.226 |
41.850 |
11.283 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
502.642 |
474.135 |
431.812 |
|
(e) Other
Non-current assets |
151.036 |
12.998 |
33.697 |
|
Total Non-Current
Assets |
2429.852 |
2104.052 |
2151.994 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1254.542 |
982.287 |
923.013 |
|
(c) Trade
receivables |
169.838 |
74.094 |
33.687 |
|
(d) Cash and
cash equivalents |
110.341 |
74.633 |
37.535 |
|
(e)
Short-term loans and advances |
103.979 |
94.676 |
137.410 |
|
(f) Other
current assets |
13.324 |
23.700 |
21.182 |
|
Total
Current Assets |
1652.024 |
1249.390 |
1152.827 |
|
|
|
|
|
|
TOTAL |
4081.876 |
3353.442 |
3304.821 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
Income |
9038.359 |
7802.302 |
7220.507 |
|
|
|
Other Income |
38.747 |
19.361 |
30.697 |
|
|
|
TOTAL
|
9077.106 |
7821.663 |
7251.204 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Purchases of Stock-in-Trade |
7094.176 |
6122.407 |
5931.689 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(272.255) |
(59.274) |
(215.264) |
|
|
|
Employees benefits expense |
712.641 |
604.994 |
577.213 |
|
|
|
Other expenses |
1773.799 |
1489.089 |
1362.925 |
|
|
|
TOTAL |
9308.361 |
8157.216 |
7656.563 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(231.255) |
(335.553) |
(405.359) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
337.726 |
328.110 |
320.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(568.981) |
(663.663) |
(725.617) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
289.164 |
213.654 |
160.770 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
(LOSS) BEFORE TAX |
(858.145) |
(877.317) |
(886.387) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(858.145) |
(877.317) |
(886.387) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(4517.583) |
(3640.266) |
(2753.879) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(5375.728) |
(4517.583) |
(3640.266) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
110.899 |
113.380 |
112.927 |
|
|
TOTAL EARNINGS |
110.899 |
113.380 |
112.927 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Merchandise |
126.800 |
155.181 |
111.211 |
|
|
|
Software |
1.082 |
2.083 |
1.223 |
|
|
|
Capital Goods |
0.000 |
1.452 |
2.197 |
|
|
TOTAL IMPORTS |
127.882 |
158.716 |
114.631 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(LOSS) Per Share (Rs.) |
(1327.18) |
(1269.24) |
(1201.94) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
258.367 |
50.000 |
130.000 |
|
Cash generated from operations |
|
|
|
|
Net cash flows from |
|
|
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(9.49) |
(11.24) |
(12.27) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
(2.55) |
(4.30) |
(5.61) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(21.07) |
(26.49) |
(26.91) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(28.47) |
(9.40) |
(11.00) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
85.23 |
25.21 |
29.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89 |
0.70 |
0.65 |
FINANCIAL ANALYSIS
[All figures are
in Rupees 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 |
3720.873 |
4610.873 |
5405.873 |
|
Reserves & Surplus |
(3640.266) |
(4517.583) |
(5375.728) |
|
Net worth |
80.607 |
93.290 |
30.145 |
|
|
|
|
|
|
long-term borrowings |
1447.499 |
1485.000 |
2205.800 |
|
Short term borrowings |
917.978 |
866.810 |
363.387 |
|
Current Maturities of
Long Term Debt |
130.000 |
50.000 |
258.367 |
|
Total borrowings |
2495.477 |
2401.810 |
2827.554 |
|
Debt/Equity ratio |
30.959 |
25.746 |
93.798 |
%20LIMITED%20-%20346192_MIRA%2023-Oct-2015_files/image015.gif)
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 |
7220.507 |
7802.302 |
9038.359 |
|
|
|
8.058 |
15.842 |
%20LIMITED%20-%20346192_MIRA%2023-Oct-2015_files/image017.gif)
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 |
7220.507 |
7802.302 |
9038.359 |
|
Profit |
(886.387) |
(877.317) |
(858.145) |
|
|
(12.28%) |
(11.24%) |
(9.49%) |
%20LIMITED%20-%20346192_MIRA%2023-Oct-2015_files/image019.gif)
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 |
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 |
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:
HIGH
COURT OF BOMBAY
|
Bench:- Bombay |
|||||||
|
Lodging No:- |
|
Filing Date:- |
|
Reg. No.:- |
|
Reg. Date:- |
|
|
Petitioner:- |
IVORY PROPERTIES AND HOTELS PRIVATE LIMITED |
Respondent:- |
HYPERCITY RETAIL INDIA LIMITED |
||||
|
Petn. Adv.: |
HARIANI AND COMPANY (0) |
|
|
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
SINGLE |
||||||
|
Status:- |
Pre-Admission |
Category:- |
|
||||
|
|
|
|
FOR REJECTION [ORIGINAL SIDE MATTERS] |
||||
|
Act:- |
Code of Civil Procedure 1908 |
|
|
||||
Unsecured Loan
|
Particulars |
As on 31.03.2014 |
As on 31.03.2013 |
|
|
(Rs. In Million) |
|
|
LONG TERM
BORROWINGS: |
|
|
|
Loans and advances from others |
1030.000 |
835.000 |
|
Total |
1030.000 |
835.000 |
COMPANY BACKGROUND
Subject was incorporated on 27 May 2004 as a Private Limited Company. The Company became a Public Limited Company on 30 March 2007. The Company is engaged in the business of retailing mainly food and grocery, health and beauty products, fruits and vegetables, homeware and homecare products, furniture, appliances, multimedia, sports, toys and readymade garments. The Company has also made a foray into the Real Estate business. As at 31 March 2014, the Company operated through 15 Hypercity stores located in different cities of India.
CORPORATE SOCIAL
RESPONSIBILITY
Corporate Social Responsibility plays a vital role in fulfilling the needs of the present generation and ensuring a safe environment for the future. At Hyper CITY, Corporate Social Responsibility forms an integral part of the Company’s corporate principles and business philosophy. As a Company with strong sense of values and commitment, Hyper CITY believes that business objectives must go hand in hand with a sense of responsibility towards employees, stakeholders and society at large. We as a Company have been associated with the various NGO’s such as Pankh, a joint initiative by TRRAIN and Youth4jobs through which we have employed around 35 differently abled people in our organization. Prem Sadan - Orphanage for girls, Missionaries of Charity and Saathi
Foundation at Malad, Vatsalya trust and Father Agnel Orphanage at Vashi, Udaan Foundation at Thane Mumbai, Dr. Reddy’s Foundation and Dwarkamai at Hyderabad, to name a few. At Hyper CITY, CSR is and will always be an integral part of our business and our way of supporting their society.
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10534044 |
18/11/2014 |
500,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
C34685867 |
|
2 |
10436453 |
03/07/2013 |
500,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B79447595 |
|
3 |
10348733 |
17/10/2012 * |
500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA |
B60330594 |
|
4 |
10310399 |
20/03/2014 * |
680,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
C01036060 |
|
5 |
10230974 |
27/03/2015 * |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.ANNIE BESANT ROAD, WORLI, MUMBAI, Maharashtra - 400018, INDIA |
C50260082 |
|
6 |
10007721 |
08/11/2012 * |
450,000,000.00 |
IDBI Bank Limited |
47, Opus Centre, Opp. Tunga Paradise, Central Road, MIDC, Andheri (East),, MUMBAI, Maharashtra - 400093, INDIA |
B61711123 |
FIXED ASSETS
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Other Equipments
·
Computer
·
Leasehold Improvements
WEBSITE DETAILS:
PRESS RELEASE:
SHOPPERS STOP:
HYPERCITY RETAIL CLOSES HYPERCITY STORE AT INORBIT MALL, MALAD
October 05, 2015
Shoppers Stop Limited has informed BSE that Company's 51% Subsidiary Company; Hypercity Retail (India) Limited has closed Hypercity store at Inorbit Mall, Malad. With the closure of this store, there are now 16 Hypercity stores.
Shoppers Stop Limited has informed BSE that Company's 51% Subsidiary Company; Hypercity Retail (India) Limited has closed “Hypercity” store at Inorbit Mall, Malad. With the closure of this store, there are now 16 ‘Hypercity’ stores.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgment or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration:
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration:
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime:
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws:
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards:
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government:
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package:
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report:
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.