21 Reliance Hypermart Limited
-
Upload
ratnesh-singh -
Category
Documents
-
view
222 -
download
0
Transcript of 21 Reliance Hypermart Limited
-
7/28/2019 21 Reliance Hypermart Limited
1/27
RELIANCE HYPERMART LIMITED
Annual Report2009 - 2010
-
7/28/2019 21 Reliance Hypermart Limited
2/27
1Reliance Hypermart Limited
Directors Report
Dear Members,
Your Directors are pleased to present the Fourth Annual Report
and the Audited Accounts for the year ended on March 31,
2010.
Financial Results
The financial performance of the Company for the year ended
on March 31, 2010 is summarized below:
(Rupees in Lakh)
2009-2010 2008-2009
Profit/(Loss) before Depreciation,
Interest and Tax (4,447.64) (5,887.57)
Less: Interest 4.22 6.36
Depreciation 2,312.86 1,496.61
Profit/(Loss) Before Tax (6,764.72) (7,390.54)
Less: Provision for
Fringe Benefit Tax - 64.65
Deferred Tax (2,513.66) (2,270.94)
Profit/(Loss) after tax (4,251.06) (5,184.25)
Balance brought forward from
Previous Year (5,432.33) (2,48.08)
Balance carried forward to
Balance Sheet (9,683.39) (5,432.32)
Operational and Financial Review
The Company operates RelianceMart and RelianceSuper
format of large stores in major cities and towns in India,
providing world-class ambience and shopping experience to its
customers. RelianceMart and Reliance Super offer products at
affordable prices and cater to people of all age groups.
The Company has incurred a loss of Rs. 4251.06 Lakh for the
financial year ended March 31, 2010. With the proposed
launch of new RelianceMarts and Reliance Super in the coming
months and further optimization of resources and planned
productivity measures, the Company is confident of postingbetter results in the coming years.
Dividend
Your Directors have not recommended any dividend on Equity
Shares for the period under review.
Subsidiary Company
The audited statements of accounts of the subsidiary of the
Company, together with the Reports of the Board of Directors
and Auditors for the year ended 31st March, 2010 are attached
as required under Section 212 of the Companies Act, 1956.
Directors
In accordance with the provisions of the Companies Act, 1956,
Shri Raghu Pillai retires by rotation and being eligible, offershimself for reappointment at the ensuing Annual General
Meeting.
Directors Responsibility Statement
Pursuant to the requirement under Section 217(2AA) of the
Companies Act, 1956 with respect to Directors Responsibility
Statement, it is hereby confirmed that:
(i) in the preparation of the accounts for the year ended 31st
March, 2010, the applicable accounting standards have
been followed and there are no material departures from
the same;
(ii) the Directors have selected such accounting policies and
applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give atrue and fair view of the state of affairs of the Company
at the end of the financial year and of the loss of the
Company for the year under review;
(iii) the Directors have taken proper and sufficient care for
the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act,
1956 for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;
(iv) the Directors have prepared the accounts for the year
ended 31st March, 2010 on a going concern basis.
Auditors
During the year, Messrs S. R. Batliboi & Co., Chartered
Accountants, resigned as joint statutory auditors of the
Company. To fill this vacancy, Messrs S. V. Ghatalia &
Associates, Chartered Accountants, were appointed as Joint
Statutory Auditors of the Company.
-
7/28/2019 21 Reliance Hypermart Limited
3/27
2 Reliance Hypermart Limited
Messrs Chaturvedi & Shah, Chartered Accountants and messrsS. V. Ghatalia & Associates, Chartered Accountants, Statutory
Auditors of the Company, hold office until the conclusion of
the ensuing Annual General Meeting of the Company and are
eligible for re appointment.
The Company has received letters from them to the effect that
their re-appointment, if made, would be within the prescribed
limits under Section 224(1B) of the Companies Act, 1956 and
that they are not disqualified for such re-appointment within
the meaning of Section 226 of the Companies Act, 1956.
Particulars of Employees
As required under the provisions of Section 217(2A) of the
Companies Act, 1956, read with the Companies (Particulars
of Employees) Rules, 1975, as amended, the names and other
particulars of the employees are set out in the Annexure to
this Report.
Conservation of Energy, Technology Absorption and
Foreign Exchange Earnings and Outgo
The particulars relating to conservation of energy, technology
absorption and foreign exchange earnings and outgo, required
to be furnished pursuant to Section 217(1)(e) of the Companies
Act, 1956, read with Companies (Disclosures of Particulars
in the Report of Board of Directors) Rules, 1988, are as under:
i. Part A and B of the Rules, pertaining to conservation ofenergy and technology absorption, are not applicable to
the Company.
ii. Foreign Exchange Earnings and Outgo:
Foreign Exchange Earned : Rs. Nil
Foreign Exchange Used : Rs. 31.44 Lakh
Acknowledgement
Your Directors would like to express their grateful appreciation
for assistance and cooperation received from Reliance Industries
Limited, Reliance Retail Limited, Banks, Government
Authorities, Customers, Vendors, Employees and Members
during the year under review.
For and on behalf of the Board of Directors
Raghu Pillai Madhavan Ganesan
Director Director
Place: Mumbai
Date: April 22, 2010
Directors Report
-
7/28/2019 21 Reliance Hypermart Limited
4/27
3Reliance Hypermart Limited
Auditors Report
To the Members ofRELIANCE HYPERMART LIMITED
We have audited the attached Balance Sheet of RELIANCE
HYPERMART LIMITED (the Company) as at March 31,
2010, the Profit and Loss Account and also the Cash Flow
Statement for the year ended on that date annexed thereto.
These financial statements are the responsibility of the
Companys management. Our responsibility is to express an
opinion on these financial statements based on our audit.
1. We have conducted our audit in accordance with the
Auditing Standards generally accepted in India. Those
standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles
used and significant estimates made by the management,
as well as evaluating the overall financial statement
presentation. We believe that our audit provides a
reasonable basis for our opinion.
2. As required by the Companies (Auditors Report) Order
2003 (as amended) issued by the Central Government of
India in terms of sub-section (4A) of section 227 of the
Companies Act, 1956, we enclose in the Annexure a
statement on the matters specified in paragraphs 4 and 5
of the said Order.
3. Further to our comments in the Annexure referred to
above, we report that:
a) We have obtained all the information and
explanations, which to the best of our knowledge and
belief were necessary for the purposes of our audit;
b) In our opinion, proper books of account as required
by law have been kept by the Company so far as
appears from our examination of those books;
c) The Balance Sheet, the Profit and Loss Account and
Cash Flow Statement dealt with by this report are
in agreement with the books of account;
d) In our opinion, the Balance Sheet, Profit and Loss
Account and Cash Flow statement dealt with by this
report comply with the mandatory Accounting
Standards referred to in sub-section (3C) of section
211 of the Companies Act, 1956;
e) On the basis of written representations received fromthe Directors as on March 31, 2010 and taken on
record by the Board of Directors, we report that
none of the Directors is disqualified as on March 31,
2010 from being appointed as a director in terms of
clause (g) of sub-section (1) of section 274 of the
Companies Act, 1956;
f) In our opinion and to the best of our information
and according to the explanations given to us, the
said accounts give the information required by the
Companies Act, 1956, in the manner so required, and
present a true and fair view in conformity with the
accounting principles generally accepted in India:
(i) in the case of the Balance Sheet, of the state ofaffairs of the Company as at March 31, 2010;
(ii) in the case of the Profit and Loss Account, of
the loss for the year ended on that date; and
(iii) in the case of the Cash Flow Statement, of the
cash flows for the year ended on that date.
For Chaturvedi & Shah For S.V.Ghatalia & Associates
Registrat ion Number : 101720W Registra tion Number: 103162W
Chartered Accountants Chartered Accountants
Amit Chaturvedi per Sudhir Soni
Partner Partner
Membership No.: 103141 Membership No.: 41870
Place: Mumbai Place: Mumbai
Date: April 22, 2010 Date: April 22, 2010
-
7/28/2019 21 Reliance Hypermart Limited
5/27
4 Reliance Hypermart Limited
Annexure referred to in paragraph 2 of our report of even dateRe. Reliance Hypermart Limited (the Company)
1. a) The C om pa ny has m aintaine d pr oper r ec or dsshowing full particulars, including quantitative details
and situation of fixed assets.
b) Fixed assets have been physically verified by the
management in a phased periodical manner as per
regular programme of verification, which in our
opinion is reasonable, having regard to the size of
the Company and nature of its assets. No material
discrepancies were noticed on such physical
verification.
c) There are no substantial disposals of fixed assets
during the year.
2. In respect of its inventories:
a) The inventory has been physically verified during
the year by the management. In our opinion, the
frequency of verification is reasonable.
b) The procedures of physical verification of inventories
followed by the management are reasonable and
adequate in relation to the size of the Company and
the nature of its business.
c) The Company has maintained proper records of
inventory. As explained to us, there were no material
discrepancies noticed on physical verification of
inventory.
3. The Company has neither granted nor taken any loan,
secured or unsecured to/from companies, firms and other
parties covered in the Register maintained under Section
301 of the Companies Act, 1956. Therefore, the
provisions of clause (iii) (b), (c), (d), (f), (g) of the
Companies (Auditors Report) Order 2003, (as amended)
are not applicable to the Company.
4. In our opinion and according to the information and
explanations given to us, there is an adequate internal
control system commensurate with the size of the
Company and the nature of its business for the purchase
of inventory and fixed assets and also for the sale of goods
and services. During the course of our audit, no major
weakness has been noticed in the internal control system
in respect of these areas.
5. According to information and explanation given to us,
there are no contracts or arrangements referred to in
section 301 of the Companies Act. 1956 that need to be
entered into the register maintained under section 301.
Therefore, the provisions of clause (v) (b) of theCompanies (Auditors Report) Order 2003, (as amended)
is not applicable to the Company.
6. The Company has not accepted any deposit from the
public.
7. In our opinion, the Company has an internal audit system
commensurate with the size and nature of its business.
8. To the best of our knowledge and as explained to us, the
Central Government has not prescribed the maintenance
of cost records under Section 209 (1) (d) of the Companies
Act, 1956.
9. In respect of statutory dues:
a) According to the records of the Company, the
Company is regular in depositing with appropriate
authorities undisputed statutory dues including
provident fund, investor education and protection
fund, employees state insurance, income-tax, sales-
tax, wealth-tax, service tax, customs duty, cess and
other statutory dues applicable to it. According to
the information and explanations given to us, no
undisputed amounts payable in respect of provident
fund, investor education and protection fund,
employees state insurance, income-tax, wealth-tax,
service tax, sales-tax, customs duty, cess and other
undisputed statutory dues were outstanding, as at
March 31, 2010 for a period of more than six monthsfrom the date they became payable.
b) According to the information and explanation given
to us, there are no dues of sales tax, income tax,
wealth tax, service tax, custom duty, excise duty and
cess which have not been deposited on account of
any dispute.
10. The Company has been registered for a period of less than
five years and hence we are not required to comment on
whether or not the accumulated losses at the end of the
financial year is fifty per cent or more of its net worth
and whether it has incurred cash losses in such financial
year and in the immediately preceding financial year.
11. Based on our audit procedures and according to the
information and explanations given to us, we are of the
opinion that the Company has not defaulted in repayment
of dues to banks. The Company has not borrowed any
funds from financial institutions or debenture holders
during the year under audit.
-
7/28/2019 21 Reliance Hypermart Limited
6/27
5Reliance Hypermart Limited
Annexure referred to in paragraph 2 of our report of even dateRe. Reliance Hypermart Limited (the Company)
12. In our opinion and according to the explanations given tous and based on the information available, no loans and
advances have been granted on the basis of security by
way of pledge of shares, debentures and other securities.
13. In our opinion, the Company is not a chit fund or a nidhi/
mutual benefit fund/ society. Therefore, the provisions of
clause 4(xiii) of the Companies (Auditors Report) Order
2003, (as amended) are not applicable to the Company.
14. The Company has maintained proper records of
transactions and contracts in respect of dealing and trading
in shares, securities, debentures and other investments and
timely entries have been made therein. All the shares,
securities, debentures and other investments have been
held by the Company in its own name.
15. According to information and explanation given to us the
Company has not given any guarantee for loans taken by
others from bank or financial institutions. Therefore, the
provisions of Clause (xv) of Companies (Auditors
Report) Order 2003, (as amended) are not applicable.
16. The term loans raised by the company were applied for
the purpose for which loans were obtained.
17. According to the information and explanations given to
us and on an overall examination of the balance sheet of
the company, we report that the no funds raised on short-
term basis have been used for long-term investment.
18. The Company has not made any preferential allotmentof shares to parties and companies covered under Register
maintained under section 301 of the Companies Act, 1956.
19. The Company did not have any outstanding debenture
during the year.
20. The Company has not raised any monies by way of public
issue during the year.
21. Based upon the audit procedures performed for the
purpose of reporting the true and fair view of the financial
statements and as per the information and explanations
given by the management, we have not come across any
instance of material fraud on or by the Company, noted
or reported during the course of our audit
For Chaturvedi & Shah For S.V.Ghatalia & Associates
Registrat ion Number : 101720W Registra tion Number: 103162W
Chartered Accountants Chartered Accountants
Amit Chaturvedi per Sudhir Soni
Partner Partner
Membership No.: 103141 Membership No.: 41870
Place: Mumbai Place: Mumbai
Date: April 22, 2010 Date: April 22, 2010
-
7/28/2019 21 Reliance Hypermart Limited
7/27
6 Reliance Hypermart Limited
(Rs. in lakh)Schedule As at As at
31st March, 2010 31st March, 2009
SOURCES OF FUNDS
Shareholders Funds
Share Capital A 5.00 5.00
Loan Funds
Secured Loans B 8.03 31.42
Unsecured Loans C 144,203.38 143,591.05
144,211.41 143,622.47
TOTAL 144,216.41 143,627.47
APPLICATION OF FUNDS
Fixed Assets D
Gross Block 30,434.39 27,278.71
Less: Depreciation 3,716.99 1,492.49
Net Block 26,717.40 25,786.22
Capital Work-in-Progress 95,728.89 95,142.74
122,446.29 120,928.96
Investments E 5,055.32 4,940.32
Deferred Tax Assets 4,906.55 2,392.89
Current Assets, Loans and Advances
Current Assets F
Inventories 6,422.57 8,249.74
Sundry Debtors 673.25 584.96
Cash and Bank Balances 170.25 117.53
7,266.07 8,952.23
Loans and Advances G 3,138.99 7,986.08
10,405.06 16,938.31Less :
Current Liabilities and Provisions H
Current Liabilities 8,239.31 6,752.66
Provisions 40.89 252.68
8,280.20 7,005.34
Net Current Assets 2,124.86 9,932.97
Profit and Loss Account 9,683.39 5,432.33
TOTAL 144,216.41 143,627.47
Significant Accounting Policies M
Notes on Accounts N
Reliance Hypermart LimitedBalance Sheet as at 31st March, 2010
As per our Report of even date For and on behalf of the Board
For Chaturvedi & Shah For S.V.Ghatalia & Associates Raghu Pillai
Chartered Accountants Chartered Accountants Director
Amit Chaturvedi per Sudhir Soni Madhavan Ganesan
Partner Partner Director
Membership No. 103141 Membership No. 41870
Mumbai
Dated: 22nd April, 2010
-
7/28/2019 21 Reliance Hypermart Limited
8/27
-
7/28/2019 21 Reliance Hypermart Limited
9/27
8 Reliance Hypermart Limited
(Rs. in lakh)2009-10 2008-09
A: CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit/ (Loss) before tax as per Profit and Loss Account (6,764.72) (7,390.54)
Adjusted for:
(Profit)/ Loss on sale/ Discarding of Assets (net) 103.34 0.02
Depreciation 2,312.86 1,496.61
Effect of Exchange Rate Change 20.83 -
Interest Income (9.33) (1.25)
Interest and Finance Charges 4.22 6.36
2,431.92 1,501.74
Operating Profit before Working Capital Changes (4,332.80) (5,888.80)
Adjusted for:Trade and Other Receivables 1,001.58 5,192.46
Inventories 1,827.17 (5,810.35)
Trade Payables 836.92 (113,727.66)
3,665.67 (114,345.55)
Cash Generated from Operations (667.13) (120,234.35)
Taxes Paid (31.70) (73.80)
Net Cash used in Operating Activities (698.83) (120,308.15)
B: CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets (3,846.31) (15,057.16)
Sale/ Decapitalisation of Fixed Assets 329.96 1,544.21
Purchase of Investments (115.00) -
Loan to Subsidiary Company 3,788.92 (3,788.92)Interest Income 9.33 1.25
Net Cash from/ (used in) Investing Activities 166.90 (17,300.62)
C: CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from Long Term Borrowings 45,001.31 151,129.50
Repayment of Long Term Borrowings (44,412.37) (13,594.30)
Interest Paid (4.29) (6.36)
Net Cash from Financing Activities 584.65 137,528.84
Net Increase/ (Decrease) in Cash and Cash Equivalents 52.72 (79.93)
Opening Balance of Cash and Cash Equivalents 117.53 197.46
Closing Balance of Cash and Cash Equivalents 170.25 117.53
Reliance Hypermart LimitedCash Flow Statement for the year 2009-10
As per our Report of even date For and on behalf of the Board
For Chaturvedi & Shah For S.V.Ghatalia & Associates Raghu Pillai
Chartered Accountants Chartered Accountants Director
Amit Chaturvedi per Sudhir Soni Madhavan Ganesan
Partner Partner Director
Membership No. 103141 Membership No. 41870
Mumbai
Dated: 22nd April, 2010
-
7/28/2019 21 Reliance Hypermart Limited
10/27
9Reliance Hypermart Limited
(Rs. in lakh)
SCHEDULE A As at As at
31st March, 2010 31st March, 2009
SHARE CAPITAL
Authorised:
50 000 Equity Shares of Rs. 10 each 5.00 5.00
( 50 000)
TOTAL 5.00 5.00
Issued, Subscribed, Called up and Paid-up:
Fully Paid-up
50 000 Equity Shares of Rs. 10 each 5.00 5.00( 50 000)
TOTAL 5.00 5.00
Note:
All the above 50 000 (Previous year 50 000) Equity Shares of Rs. 10 each are held by Reliance Retail Limited, the holding
company along with its nominees.
Schedules forming part of the Balance Sheet
(Rs. in lakh)
SCHEDULE B As at As at
31st March, 2010 31st March, 2009
SECURED LOANS
Term Loans from Banks
Rupee Loans * 8.03 31.42
TOTAL 8.03 31.42
* Loans are secured by hypothecation of vehicles.
(Rs. in lakh)
SCHEDULE C As at As at
31st March, 2010 31st March, 2009
UNSECURED LOANS
Long Term Loan
From holding company 144,203.38 143,591.05
TOTAL 144,203.38 143,591.05
-
7/28/2019 21 Reliance Hypermart Limited
11/27
10 Reliance Hypermart Limited
Schedules forming part of the Balance Sheet
SCHEDULED
FIXEDASSETS
(Rs.inlakh)
Description
GrossBlock
Depreciation
NetBlock
Asat
Additions
Deductions/
As
at
Upto
Forthe
Deductions/
Upto
Asat
Asat
1stApril,2009
Adjustments
31stMarch,
2010
31stMarch,
2009
year
Adjustments
31stMarch,
2010
31stMarch,
2010
31stMarch,
200
9
PlantandMachinery
2,1
03.1
6
1,1
16.8
7
28.0
6
3,1
91.9
7
230.6
9
461.9
7
7.2
4
685.4
0
2,5
06.5
7
1,8
72.4
7
ElectricalInstallations
3,8
44.2
8
626.3
3
51.3
3
4,4
19.2
8
133.7
1
205.4
4
4.5
9
334.5
6
4,0
84.7
2
3,7
10.5
7
Equipments
12,1
02.9
6
1,0
68.5
4
242.9
9
1
2,9
28.5
1
679.6
3
1,0
15.6
4
43.2
1
1,6
52.0
6
11,2
76.4
5
11,4
23.3
3
FurnitureandFixtures
1,4
92.6
8
381.5
8
36.6
3
1,8
37.6
3
58.9
6
111.6
5
4.4
6
166.1
5
1,6
71.4
8
1,4
33.7
2
Vehicles
55.3
8
8.0
7
26.7
7
36.6
8
5.2
6
5.1
3
3.4
2
6.9
7
29.7
1
50.1
2
LeaseholdImprovements
7,6
80.2
5
475.9
5
135.8
8
8,0
20.3
2
384.2
4
513.0
3
25.4
2
871.8
5
7,1
48.4
7
7,2
96.0
1
Total
27,2
78.7
1
3,6
77.3
4
521.6
6
3
0,4
34.3
9
1,4
92.4
9
2,3
12.8
6
88.3
6
3,7
16.9
9
26,7
17.4
0
25,7
86.2
2
Previousyear
8,7
17.7
2
20,1
09.3
5
1,5
48.3
6
27,2
78.7
1
0.0
1
1,4
96.6
1
-
1,4
92.4
9
25,7
86.2
2
8,7
17.7
1
CapitalWork-in-Progress
95,7
28.8
9
95,1
42.7
4
Notes:
CapitalWork-in-Progressincludes:
i)
Rs.408.2
2lakh(PreviousYearRs.677.3
1lakh)onaccounto
fAdvanceagainstProjectContracts.
ii)
Rs.10,296.4
6lakh(PreviousYearRs.7,416.7
4lakh)onacco
untofProjectDevelopmentExpenditure.
iii)
Rs.4,589.0
7lakh(PreviousYearRs.2,512.0
2lakh)onaccountofconstructionmaterialsatsite.
-
7/28/2019 21 Reliance Hypermart Limited
12/27
1Reliance Hypermart Limited
Schedules forming part of the Balance Sheet
(Rs. in lakh)
SCHEDULE E As at As at
31st March, 2010 31st March, 2009
INVESTMENTS
LONG TERM INVESTMENTS
Other Investments - Unquoted, Fully paid up
In Equity Shares of Subsidiary Company * 4,940.32 4,940.32
5 60 000 Reliance Vantage Retail Limited of Rs. 10 each
(5 60 000)
TOTAL (a) 4,940.32 4,940.32
In Equity Shares of Companies
2 50 000 Reliance Eminent Trading & Commercial Private Limited of Rs. 10 each 25.00 -
(-)
2 50 000 Reliance Profilic Traders Private Limited of Rs. 10 each 25.00 -
(-)
2 50 000 Reliance Progressive Traders Private Limited of Rs. 10 each 25.00 -
(-)
2 50 000 Reliance Universal Traders Private Limited of Rs. 10 each 25.00 -
(-)
50 000 Reliance Profilic Commercial Private Limited of Rs. 10 each 5.00 -(-)
50 000 Reliance Comtrade Private Limited of Rs. 10 each 5.00 -
(-)
50 000 Reliance Ambit Private Limited of Rs. 10 each 5.00 -
(-)
TOTAL (b) 115.00 -
TOTAL (a +b) 5,055.32 4,940.32
Aggregate Value of Book value Book value
Unquoted Investments 5,055.32 4,940.32
Note:
* Investment in company under the same management.
-
7/28/2019 21 Reliance Hypermart Limited
13/27
12 Reliance Hypermart Limited
Schedules forming part of the Balance Sheet
(Rs. in lakh)
SCHEDULE F As at As at
31st March, 2010 31st March, 2009
CURRENT ASSETS
INVENTORIES
Stores and Packing Materials 315.70 307.37
Traded Goods 6,106.87 7,942.37
6,422.57 8,249.74
SUNDRY DEBTORS (Unsecured and Considered Good (1)
Over six months 33.02 0.36
Others 640.23 584.60
673.25 584.96
CASH AND BANK BALANCES
Cash in Hand 119.39 100.28
Balance with Scheduled Banks
In Current Accounts 50.76 17.15
In Fixed Deposit Accounts 0.10 0.10
170.25 117.53
TOTAL 7,266.07 8,952.23
Note:
(1) Includes Rs. 53.56 lakh (Previous Year Rs. 8.81 lakh) receivable from the following companies under the same management:
a Reliance Leisures Limited
b Reliance-GrandVision India Supply Private Limited
c Reliance-Vision Express Private Limited
d Retail Concepts & Services (India) Limited
-
7/28/2019 21 Reliance Hypermart Limited
14/27
13Reliance Hypermart Limited
Schedules forming part of the Balance Sheet
(Rs. in lakh)SCHEDULE G As at As at
31st March, 2010 31st March, 2009
LOANS AND ADVANCES
UNSECURED - (Considered good unless otherwise stated)
Loans to Subsidiary Company - 3,788.92
Advance Income Tax (net of Provision) 125.00 93.30
Advances Recoverable in Cash or in kind or for value to be received (1) 589.80 1,126.86
Deposits 1,751.97 1,716.45
Balance with Service Tax/ Sales Tax Authorities, etc. 672.22 1,260.55
TOTAL 3,138.99 7,986.08
Note:
(1) Includes Rs. 41.91 lakh (Previous Year Rs. Nil) receivable from the following companies under the same management: Maximum
Balance outstanding during the year Rs. 41.91 lakh (Previous Year Rs. Nil)
a Reliance Food Processing Solutions Limited
b Reliance Fresh Limited
(Rs. in lakh)
SCHEDULE H As at As at
31st March, 2010 31st March, 2009
CURRENT LIABILITIES AND PROVISIONS
Current Liabilities
Sundry Creditors
- Micro enterprises and Small enterprises(1) - -
- Others (2) 8,239.24 6,752.66
Interest accrued but not due on loans 0.07 -
8,239.31 6,752.66
Provisions
Provision for Leave Encashment/ Gratuity 40.89 252.68
40.89 252.68
TOTAL 8,280.20 7,005.34
Note:
(1) The Company has not received the required information from Suppliers regarding their status under the Micro, Small and
Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the year end together
with interest paid/ payable as required under the said Act have not been made.
(2) Includes Rs. 921.44 lakh (Previous year Rs. 504.26 lakh) for capital expenditure.
-
7/28/2019 21 Reliance Hypermart Limited
15/27
14 Reliance Hypermart Limited
(Rs. in lakh)SCHEDULE I 2009-2010 2008-2009
OTHER INCOME
Interest
From Others 9.33 1.25
Profit on Sale of Assets - 0.08
Miscellaneous Income 82.90 60.69
TOTAL 92.23 62.02
(Rs. in lakh)
SCHEDULE J 2009-2010 2008-2009
VARIATION IN STOCKS
STOCK-IN-TRADE (at close)
Traded Goods 6,106.87 7,942.37
STOCK-IN-TRADE (at commencement)
Traded Goods 7,942.37 2,365.94
TOTAL (1,835.50) 5,576.43
(Rs. in lakh)
SCHEDULE K 2009-2010 2008-2009
OPERATING AND OTHER EXPENSES
PAYMENT TO AND PROVISIONS
FOR EMPLOYEES
Salaries, Wages and Bonus 486.91 704.33
Contribution to Provident Fund, Gratuity Fund,
Superannuation Fund, Employees State Insurance Scheme,
Pension Scheme, Labour Welfare Fund etc. 11.19 50.83
Employee Welfare and other amenities 120.98 103.00
619.08 858.16
SALES AND DISTRIBUTION EXPENSES
Samples, Sales Promotion and Advertisement Expenses 1,328.66 1,138.19
Store Running Expenses 1,627.50 1,183.55
Warehousing and Distribution Expenses 418.53 539.68
3,374.69 2,861.42
Schedules forming part of the Profit and Loss Account
-
7/28/2019 21 Reliance Hypermart Limited
16/27
15Reliance Hypermart Limited
Schedules forming part of the Profit and Loss Account
(Rs. in lakh)SCHEDULE K (Contd.) 2009-2010 2008-2009
OPERATING AND ESTABLISHMENT EXPENSES
Stores and Packing Materials 496.23 566.91
Machinery Repairs 137.00 2.83
Building Repairs and Maintenance 687.17 1,022.15
Other Repairs 15.37 34.80
Rent including Lease Rentals 3,437.21 2,461.09
Insurance 11.51 11.02
Rates and Taxes 252.51 142.70
Travelling and Conveyance Expenses 23.20 62.43
Payment to Auditors 4.03 3.60
Professional Fees 17.27 20.04
Loss on Sale/ Discarding of Assets 103.34 0.10
Exchange Differences (Net) 29.64 -
Security Expenses 444.29 409.10
Electricity Expenses 1,925.35 1,233.48
Telephone Expenses 88.68 74.51
Printing and Stationery 26.15 40.42
Hire Charges 181.82 86.53
General Expenses 88.96 492.12
7,969.73 6,663.83
TOTAL 11,963.50 10,383.41
(Rs. in lakh)
SCHEDULE L
2009-10 2008-09
INTEREST AND FINANCE CHARGES
Fixed Loans 2.20 5.91
Others 2.02 0.45
TOTAL 4.22 6.36
-
7/28/2019 21 Reliance Hypermart Limited
17/27
16 Reliance Hypermart Limited
SCHEDULE MSIGNIFICANT ACCOUNTING POLICIES
1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention in accordance with the generally accepted accounting
principles in India, Companies (Accounting Standards) Rules 2006 and the provisions of the Companies Act, 1956.
2 Use of Estimates
The preparation of financial statements requires estimates and assumptions to be made that affect the reported amount of
the assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the
reporting period. Difference between the actual results and estimates are recognized in the period in which the results are
known/ materialised.
3 Fixed Assets
Fixed Assets are stated at cost net of CENVAT/ Value Added Tax less accumulated depreciation and impairment loss, if any.
All costs attributable to Fixed Assets are Capitalised. Improvement cost on Lease premises up to the date of commercial
operation is capitalised as Leasehold Improvements.
4 Lease Rentals
Operating lease rentals are expensed with reference to lease terms and other considerations.
5 Depreciation
Depreciation on Fixed Assets is provided on Straight Line Method at the rates and in the manner prescribed in Schedule XIV
to the Companies Act, 1956 over their useful life except, leasehold improvements are amortized over the lower of estimated
useful life or lease period; fire alarm system, signage and access control system are depreciated over the estimated useful life
of five years and baskets are depreciated over the estimated useful life of three years.
6 Impairment of Assets
An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. An impairment loss is charged
to the Profit and Loss Account in the year in which an asset is identified as impaired. The impairment loss recognized inprior accounting period is reversed if there has been a change in the estimate of recoverable amount.
7 Foreign Currency Transactions
i) Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction
or that approximates the actual rate at the date of the transaction.
ii) Monetary items denominated in foreign currencies at the year end are restated at year end rates.
iii) Non monetary foreign currency items are carried at cost.
iv) Any income or expense on account of exchange difference either on settlement or on translation is recognised in the
Profit and Loss Account except in case of long term liabilities, where they relate to acquisition of fixed assets, in which
case they are adjusted to the carrying cost of such assets.
8 Investments
Current Investments are carried at the lower of cost and quoted/ fair value, computed category wise. Long-Term Investmentsare stated at cost. Provision for diminution in the value of Long Term Investments is made only if such a decline is other
than temporary.
9 Inventories
Items of Inventories are measured at lower of cost and net realisable value, after providing for obsolescence, if any. Cost of
Inventory comprises of all cost of purchase and other cost incurred in bringing them to the respective present location and
condition. Costs are determined on weighted average basis.
Schedules forming part of the Balance SheetSignificant Accounting Policies
-
7/28/2019 21 Reliance Hypermart Limited
18/27
17Reliance Hypermart Limited
10 Turnover
Turnover includes sale of goods, service and service tax, adjusted for discounts (net) and Value Added Tax (VAT), if any.
11 Employee Benefits
i) Short term employee benefits are recognised as an expense at the undiscounted amount in the Profit and Loss Account
of the year in which the related service is rendered.
ii) Post employment and other long term employee benefits are recognised as an expense in the Profit and Loss Account
for the year in which the employee has rendered services. The expense is recognised at the present value of the amounts
payable determined using actuarial valuation techniques. Actuarial gains and losses in respect of post employment and
other long term benefits are charged to the Profit and Loss Account/ Capitliased as the case may be.
12 Provision for Current and Deferred Tax
Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income-taxAct, 1961. Deferred tax resulting from timing difference between taxable and accounting income is accounted for using the
tax rates and laws that are enacted or substantively enacted as on the Balance Sheet date. The deferred tax asset is recognized
and carried forward only to the extent that there is a virtual certainty that the asset will be realised in future.
13 Provision, Contingent Liabilities and Contingent Assets
Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a
result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized
but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.
SCHEDULE N
NOTES ON ACCOUNTS
1 The previous years figures have been regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and
other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read
in relation to the amounts and other disclosures relating to the current year.
2 The Company is in the process of setting up various facilities for conducting its business. The expenditure incurred during the
implementation period for bringing the Project in the condition of its intended use, is treated as Project Development
Expenditure pending capitalisation and included in Capital Work-in-Progress. Capitalisation is done in the ratio of phased
implementation. Necessary details as per part II of Schedule VI to the Companies Act, 1956 have been disclosed below:
Project Development Expenditure Account (included under Capital Work-in-Progress):
(Rs. in lakh)
2009-10 2008-09
Opening Balance 7,416.74 1,078.44
Add:
(i) Payments to and Provisions for Employees
- Salaries, Wages and Bonus 194.97 2,001.66
- Contribution to Provident Fund, Gratuity Fund,
Superannuation Fund, Employees State Insurance Scheme,
Pension Scheme, Labour Welfare Fund etc. 12.85 82.51
- Employee Welfare and other amenities 64.35 179.61
272.17
SCHEDULE M (Contd.)
Schedules forming part of the Balance SheetSignificant Accounting Policies
-
7/28/2019 21 Reliance Hypermart Limited
19/27
18 Reliance Hypermart Limited
(Rs. in lakh)
2009-10 2008-09
(ii) Repairs and Maintenance:
- Machinery Repairs 24.06 25.66
- Building Repairs and Maintenance 251.62 224.78
- Other Repairs 27.67 265.91
303.35
(iii) Rent including Lease Rentals 1,583.46 3,233.52
(iv) Insurance 52.80 -
(v) Rates and Taxes 48.34 141.46
(vi) Travelling and Conveyance Expenses 25.07 349.35
(vii) Professional Fees 60.59 72.26
(viii) Loss on Sale/ Discarding of Assets - 4.88
(ix) Security Expenses 17.92 113.72
(x) Electricity Expenses 287.21 592.04
(xi) Telephone Expenses 52.38 76.80
(xii) Printing and Stationery 46.81 71.84
(xiii) Hire Charges 32.90 29.82
(xiv) General Expenses 130.72 461.63
2,913.72 7,927.45
Less:
Capitalised during the year 34.00 1,589.15
Closing Balance 10,296.46 7,416.74
3 Company is mainly engaged in Organised Retail in India. All the activities of the Company revolve around this main business.
Accordingly, the Company has only one identifiable segment reportable under Accounting Standard 17 Segment Reporting,
notified in the Companies (Accounting Standards) Rules 2006.
4 As per Accounting Standard 15 Employee Benefits notified in the Companies (Accounting Standards) Rules 2006, the
disclosures of employee benefits as defined in the Accounting Standard are given below:
Defined Contribution Plan (Rs. in lakh)
Contribution to Defined Contribution Plan, recognised are charged off/ Capitalised for the year are as under:
2009-10 2008-09
Employers Contribution to Provident Fund 19.35 89.03
Employers Contribution to Pension Scheme 16.69 30.02
SCHEDULE N (Contd.)
Schedules forming part of the Balance Sheet
-
7/28/2019 21 Reliance Hypermart Limited
20/27
19Reliance Hypermart Limited
Defined Benefit Plan
The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which
recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit
separately to build up the final obligation. The obligation for Leave encashment is recognised in the same manner as gratuity.The
Company operates post retirement benefit plans as follows:
I) Reconciliation of opening and closing balances of Defined Benefit obligation (Rs. in lakh)
Gratuity Leave Encashment
(Unfunded) (Unfunded)
2009-10 2008-09 2009-10 2008-09
Defined Benefit obligation at beginning of the year 42.05 60.03 210.63 138.98
Current Service Cost 8.62 18.99 5.81 48.03Interest Cost 3.15 4.80 12.66 10.16
Actuarial (gain)/ loss ( 28.78) (41.77) ( 128.60) 37.43
Benefits paid ( .83) - ( 83.83) (23.97)
Defined Benefit obligation at year end 24.22 42.05 16.67 210.63
II) Reconciliation of opening and closing balances of fair value of plan assets
(Rs. in lakh)
Gratuity Leave Encashment
(Unfunded) (Unfunded)
2009-10 2008-09 2009-10 2008-09
Fair value of plan assets at beginning of the year - 60.03 - -
Expected return on plan assets - - - -
Actuarial gain/ (loss) - - - -
Employer contribution(Refund) 0.83 ( 60.03) 83.83 -
Benefits Paid (0.83) - (83.83) -
Fair value of plan assets at year end - - - -
III) Reconciliation of fair value of assets and obligations
(Rs. in lakh)
Gratuity Leave Encashment
(Unfunded) (Unfunded)
2009-10 2008-09 2009-10 2008-09
Fair value of plan assets - - - -
Present value of obligation 24.22 42.05 16.67 210.63
Amount recognised in Balance Sheet 24.22 42.05 16.67 210.63
SCHEDULE N (Contd.)
Schedules forming part of the Balance Sheet
-
7/28/2019 21 Reliance Hypermart Limited
21/27
20 Reliance Hypermart Limited
IV) Expenses recognized during the year (Rs. in lakh)
Gratuity Leave Encashment
(Unfunded) (Unfunded)
2009-10 2008-09 2009-10 2008-09
Current Service Cost 8.62 18.99 5.81 48.03
Interest Cost on benefit obligation 3.15 4.80 12.65 10.16
Actuarial loss/ (gain) recognized in the year (28.78) (41.77) (128.60) 37.43
Past service Cost - - - -
Net benefit expense/ (Income) (17.01) (17.98) (110.14) 95.62
Actual return on plan asset - - - -
V) Actuarial assumptions (Rs. in lakh)
Gratuity Leave Encashment
(Unfunded) (Unfunded)
2009-10 2008-09 2009-10 2008-09
Discount rate (per annum) 7.50% 8.00% 7.50% 8.00%
Expected rate of return on plan assets (per annum) - 8.00% - -
Rate of escalation in salary (per annum) 6.00% 4.00% 6.00% 4.00%
The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotionand other relevant factors including supply and demand in the employment market. The above information is certified by theactuary.
5 Turnover includes Income from Services of Rs. 541.60 lakh (Previous year Rs. 119.73 lakh)6 Payment to Auditors (excluding Service Tax, wherever applicable): (Rs. in lakh)
2009-10 2008-09
(i) Audit Fees 3.00 3.00
(ii) Tax Audit Fees 0.60 0.60
3.60 3.60
7 The Deferred Tax Assets (net) comprises of the following: (Rs. in lakh)
As at As at31st March, 2010 31st March, 2009
(i) Deferred Tax Assets
- Disallowance under the Income Tax Act, 1961 104.14 41.89
- Carried forward loss 10,002.77 5777.64
(ii) Deferred Tax Liability
- Related to Fixed Assets 5,200.36 3426.64
4,906.55 2,392.89
SCHEDULE N (Contd.)
Schedules forming part of the Balance Sheet
-
7/28/2019 21 Reliance Hypermart Limited
22/27
2Reliance Hypermart Limited
SCHEDULE N (Contd.)Note: The virtual certainty is based on agreements
8 General description of Lease Terms:
(i) Lease rentals are charged on the basis of agreed terms.
(ii) Assets are taken on lease over a period of 1 to 30 years.
9 Earnings Per Share (EPS)
2009-10 2008-09
(i) Net Profit/ (Loss) after tax as per profit and loss account (Rs. in lakh) (4,251.06) (5,184.25)
(ii) Weighted Average number of equity shares used as denominator for calculating EPS 50,000 50,000
(iii) Basic and Diluted Earnings/ (Loss) per share of face value of Rs. 10 each (Rupees) (8,502.12) (10,368.50)
10 Additional Information (to the extent applicable):
(Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009
(i) Capital Commitments:
Estimated amount of contracts remaining to be executed on capital accounts
(net of advances) and not provided for 411.74 549.59
(ii) Contingent Liabilities
Outstanding guarantees furnished to Banks and Financial Institutions including in
respect of Letters of Credit. 27.55 17.45
11 Value of Imports on CIF basis in respect of: (Rs. in lakh)
2009-10 2008-09
Capital goods 24.82 1,924.86
12 Expenditure in Foreign Currency: (Rs. in lakh)
2009-10 2008-09
Other matters 6.62 -
13 Value of Stores and Packing Materials Consumed
2009-10 2008-09
% of % of
Rs. in lakh Consumption Rs. in lakh Consumption
Indigenous 496.23 100 566.91 100
14 The Ministry of Corporate Affairs, Government of India vide its order no. 46/59/2010 - CL - III dated 19-03-2010 issued
under section 211(4) of Companies Act 1956, has exempted from disclosure of quantitative detail in the Profit and Loss
Account, as required under Para 3 (i) (a) and 3 (ii) (b) of part II, Schedule VI to the Companies Act, 1956.
15 Information as required under para 3,4 and 4A to 4D of part II schedule VI of companies Act, 1956 are given to the extent
Schedules forming part of the Balance Sheet
-
7/28/2019 21 Reliance Hypermart Limited
23/27
22 Reliance Hypermart Limited
SCHEDULE N (Contd.)applicable.
16 As per Accounting Standard 18 Related Party Disclosures notified in the Companies (Accounting Standards) Rules 2006,
the disclosures of transactions with the related parties as defined in the Accounting Standard are given below :
a) List of related parties with whom transactions have taken place and relationships:
Sr No Name of the Related Party Relationship
1 Reliance Industries Limited Ultimate Holding Company
2 Reliance Retail Limited Holding Company
3 Reliance Vantage Retail Limited Subsidiary Company
4 Reliance Ambit Trade Private Limited }
5 Reliance Agri Products Distribution Limited }
6 Reliance Autozone Limited }
7 Reliance Commercial Land & Infrastructure Limited }
8 Retail Concepts & Services (India) Limited }
9 Reliance Corporate IT Park Limited }
10 Reliance Dairy Foods Limited }
11 Reliance Digital Media Limited }
12 Reliancedigital Retail Limited }
13 Reliance Fresh Limited }
14 Reliance Food Processing Solutions Limited }
15 Reliance Footprint Limited } Fellow Subsidiaries
16 Reliance Home Store Limited }
17 Reliance Infosolution Private Limited }
18 Reliance Leisures Limited }
19 Reliance Loyalty & Analytics Limited }
20 Reliance One Enterprises Limited }
21 Reliance People Serve Limited }
22 Reliance Prolific Commercial Private Limited }
23 Reliance Supply Chain Solutions Limited }
24 Reliance Trends Limited }
25 Reliance Wellness Limited }
26 RESQ Limited }
27 Strategic Manpower Solutions Limited }
Schedules forming part of the Balance Sheet
-
7/28/2019 21 Reliance Hypermart Limited
24/27
23Reliance Hypermart Limited
SCHEDULE N (Contd.)b) Transactions during the year with related parties (excluding reimbursements):
(Rs. in lakh)
Sr Nature of Transactions Ultimate Holding Subsidiary Fellow TotalNo Holding Company Company Subsidiaries
Company
1 Unsecured Loan taken/ (repaid) - 612.32 - - 612.32- 137,586.31 - - 137,586.31
2 Purcahse of Investments - - - 115.00 115.00- - - - -
3 Loans and Advances given/ (returned) - - (3,788.92) 41.91 (3,747.01)- - 3,788.92 - 3,788.92
4 Turnover 2.05 46.59 - 2,797.05 2,845.69225.26 - - 1,086.70 1,311.96
5 Purchases 37.14 605.64 - 35,711.88 36,354.6638.36 5,456.52 - 29,212.84 34,707.72
6 Expenditure
- Store running expenses - - - 1,099.12 1,099.12- 8.76 - 707.40 716.16
- Warehousing and Distribution Expenses - - - 543.03 543.03- - - 986.39 986.39
- Sales Promotion Expenditure - - - - -0.64 - - - 0.64
- Rent 137.45 - - - 137.45- - - 3.85 3.85
- Professional Fees - - - - -- - - 0.07 0.07
- Hire Charges - - - 53.89 53.89- - - - -
Balance as at 31st March, 2010
7 Unsecured Loans - 144,203.38 - - 144,203.38- 143,591.05 - - 143,591.05
8 Investments - - 4,940.32 115.00 5,055.32- - 4,940.32 - 4,940.32
9 Loans and Advances - - - 41.91 41.91- - 3,788.92 - 3,788.92
10 Sundry Debtors - 0.68 - 19.40 20.08
- - - 8.81 8.81
11 Sundry Creditors 2.61 778.68 - 3,510.13 4,291.4236.70 169.73 - 1,769.89 1,976.32
12 Financial Guarantees taken - - 27.55 - - 27.55- 17.45 - - 17.45
Note: Figures in Italics represents previous years amount.
Schedules forming part of the Balance Sheet
-
7/28/2019 21 Reliance Hypermart Limited
25/27
24 Reliance Hypermart Limited
Disclosure in respect of material Related Party Transactions during the year:
1 Unsecured Loan taken during the year (net) include Rs. 612.32 lakh (Previous Year Rs. Nil), from Reliance Retail Limited.
Unsecured Loan repaid (net) include Rs. Nil (Previous Year Rs. 137,586.31 lakh) to Reliance Retail Limited.
2 Purcahse of Investments consists of Reliance Commercial Land & Infrastructure Limited Rs.115 lakh (Previous Year
Rs. Nil)
3 Loans and Advances includes Rs. 3788.92 (Previous Year Rs. Nil) Loan repaid by Reliance Vantage Retail Limited and
Rs. 27.88 lakh (Previous Year Rs. Nil) advance paid to Reliance Fresh Limited
4 Turnover includes Reliance Fresh Limited Rs.946.41 lakh (Previous Year Rs. Nil), Reliancedigital Retail Limited Rs.587.12
lakh (Previous Year Nil), Reliance Trends Limited Rs. 377.91 lakh (Previous Year Rs.969.12), and Rs. 464.39 lakh
(Previous Year Rs. Nil) Reliance Digital Media Limited.
5 Purchases include Reliance Fresh Limited Rs. 24,245.71 lakh (Previous Year Rs.9,530.98 lakh), Reliancedigital Retail
Ltd. Rs. 3,963.07 lakh (Previous Year Rs. 5,643.39 lakh), Reliance Trends Limited Rs. 3,457.64 lakh (Previous Year Rs5,485.40 lakh), Reliance Wellness Limited Rs. 1,617.08 (Previous year Rs. Nil), Reliance Footprint Limited Rs. 575.81
lakh (Previous year Rs.Nil), and Reliance Home store Limited. Rs.1,427.61 lakh (Previous year Rs.Nil)
6 Store running expenses include Strategic Manpower Solutions Limited Rs.1,099.12 lakh (Previous Year Rs. 707.40 lakh)
and Reliance Supply Chain Solutions Limited Rs. 543.04 lakh (Previous Year Rs 986.39 lakh).
17 Loans and advances in the nature of Loans given to Subsidiary:
(Rs. in lakh)
Name of the Company Relationship As at 31st As at 31st Maximum
March, 2010 March,2009 Balance during
the year
Reliance Vantage Retail Limited. Subsidiary Company - 3,788.92 3,794.92
Notes:
a Loans and Advances shown above, to Subsidiary fall under the category of Loans and Advances in nature of Loans
where there is no repayment schedule and are re-payable on demand.
b All the above loans and advances are interest free.
c Loans to employees as per Companys policy are not considered.
d All the above Loan and Advances are to the company under the same management.
SCHEDULE N (Contd.)
As per our Report of even date For and on behalf of the Board
For Chaturvedi & Shah For S.V.Ghatalia & Associates Raghu Pillai
Chartered Accountants Chartered Accountants Director
Amit Chaturvedi per Sudhir Soni Madhavan Ganesan
Partner Partner Director
Membership No. 103141 Membership No. 41870
Mumbai
Dated: 22nd April, 2010
Schedules forming part of the Balance Sheet
-
7/28/2019 21 Reliance Hypermart Limited
26/27
25Reliance Hypermart Limited
I. Registration Details:
Registration No. U 5 1 9 0 9 M H 2 0 0 6 P L C 1 6 6 1 6 3
Balance Sheet Date: 3 1 - 0 3 - 2 0 1 0 State Code 1 1
II. Capital raised during the year (Rupees in Thousand):
Public Issue: N I L Rights Issue: N I L
Bonus Issue: N I L Private Placement: N I L
Share Application Money: N I L
III. Position of mobilisation and deployment of funds (Rupees in Thousand):
Total Liabilities: 1 5 2 4 9 6 6 1 Total Assets: 1 5 2 4 9 6 6 1
Sources of Funds:
Paid up Capital: 5 0 0 Net Fixed Assets: 1 2 2 4 4 6 2 9
Reserves and Surplus: N I L Investments: 5 0 5 5 3 2
Secured Loans: 8 0 3 Current Assets: 1 0 4 0 5 0 6
Current Liabilities 8 2 8 0 2 0 Deferred Tax Asset 4 9 0 6 5 5
Unsecured Loans: 1 4 4 2 0 3 3 8 Profit and Loss Account: 9 6 8 3 3 9
IV. Performance of the Company: (Amount in Rs. Thousand)
Net Turnover: 5 1 6 3 4 2 9 Total Expenditure: 5 6 6 5 5 7 4
Profit / (Loss) before tax: ( 6 7 6 4 7 2 ) Profit / (Loss) after tax: ( 4 2 5 1 0 6 )
Earnings per Share in Rs:
- Basic ( 8 5 0 2 . 1 2 ) Dividend Rate: N I L
- Diluted ( 8 5 0 2 . 1 2 )
V. Generic Names of principal products of the Company:
Item Code number N A
Product Description N A
Additional information as required under Part IV of Schedule VI to the Companies Act, 1956
Balance Sheet Abstract and Companys General Business Profile
-
7/28/2019 21 Reliance Hypermart Limited
27/27
26 Reliance Hypermart Limited
Statement Pursuant to Section 212 of the Companies Act, 1956, relating to CompanysInterest in Subsidiary Company for the financial year 2009-2010
Sr. Name of Subsidiary Company Reliance Vantage
No. Retail Limited
1 The financial year of the Subsidiary Company ended on 31st March, 2010
2 Date from which it became Subsidiary Company 21st January, 2008
3 a. Number of shares held by Reliance Hypermart Limited 5,60,000 Equity shares of the
with its nominees in the subsidiary at the end of the financial year. face value of Rs.10 each fully paid-up
b. Extent of interest of holding company at the end of the financial year. 100%
4 The net aggregate amount of the Subsidiary Companys Profit/(Loss)
so far as it concerns the members of the holding Company.
a. Not dealt with in the holding Companys accounts.
i) For the financial year ended 31st March, 2010 Rs.222.12 lakh
ii) For the previous financial years of the subsidiary company s
ince it became the holding Companys subsidiary. (Rs.956.95 lakh)
b. Dealt with in holding companys account:
i) For the financial year ended 31st March, 2010 NIL
ii) For the previous financial years of the subsidiary company since it NIL
became the holding Companys subsidiary.
For and on behalf of the Board of Directors
Raghu Pillai Madhavan Ganesan
Director Director
Place: Mumbai
Date: April 22, 2010