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Annual Report

2009 - 2010

RELIANCE RETAIL LIMITED


Reliance Retail Limited 1

Directors’ Report

Dear Members, exclusive distribution arrangement with Asics Corporation Japan


th
to market Asics brands of shoes and accessories in India. Diesel
Your Directors are pleased to present the 12 Annual Report
Fashion India Reliance Private Limited, the Company’s Joint
and the Audited Accounts for the year ended March 31, 2010. venture with Diesel, launched its first store in India in Mumbai
FINANCIAL RESULTS to an impressive response. In the coming year, RRL will also
open its stores in partnership with Office Depot and Hamleys.
The performance of the Company for the financial year ended
31st March, 2010 is summarised below: Through ‘Reliance One’, RRL’s loyalty membership program,
RRL enjoys the patronage of over 5.5 million customers.
(Rs. in lakhs)
Year ended Year ended In the coming year, RRL will continue on its mission to delight
31-03-2010 31-03-2009 the customers every visit. RRL will continue to provide
unprecedented value to customers across all its formats and
Net Turnover 27608.17 58407.52 stores.
Other Income & variation in stock 5762.04 2998.39 The Company has made a profit after tax of Rs. 1822.34 lakhs
on a turnover of Rs. 27608.17 lakhs for the financial year ended
Gross Profit/(Loss) before Interest
on March 31, 2010. As the Company and its subsidiaries
and Depreciation (198.85) (1765.45) continue to expand and grow, reaching out to customers in new
Less: Interest 325.37 363.80 cities and towns, your directors are confident of a robust
performance of the Company and its subsidiaries in the coming
Depreciation 175.86 297.41 years.
Profit/(Loss) before tax (700.08) (2426.66) DIVIDEND
Provision for fringe benefit tax — (220.06) Your Directors have not recommended any dividend on equity
shares for the year under review.
Provision for deferred tax 2522.42 622.18
DIRECTORS
Profit/(Loss) after tax 1822.34 (2024.54)
Pursuant to the provisions of Section 260 of the Companies
OVERVIEW OF OPERATIONS
Act, 1956 and the Articles of Association, Mr. Gwyn Sundhagul
The Company (RRL) through its wholly-owned subsidiaries, was appointed as an Additional Director of the Company, with
operates multiple store formats, including ‘Reliance Fresh’, a effect from 22nd January, 2010 and he shall hold office upto the
neighborhood concept, ‘Reliance Mart’, an all under one roof date of the ensuing Annual General Meeting. Your Directors
hypermarket concept, ‘Reliance Super’, a mini-mart concept, recommend his appointment as a Director of the Company
‘Reliance Digital’, a consumer durables & information technology liable to retire by rotation.
concept, ‘Reliance Trends’, an apparel & accessories concept, In terms of the Articles of Association of the Company, Shri
‘Reliance Wellness’, a health, wellness & beauty concept, ‘iStore Mukesh D. Ambani retires by rotation and being eligible, offers
by Reliance Digital’, an exclusive Apple products concept, himself for re-appointment at the ensuing Annual General
‘Reliance Footprint’, a footwear concept, ‘Reliance Jewels’, a Meeting.
Jewellery concept, ‘Reliance TimeOut’, a books, music &
entertainment concept, ‘Reliance AutoZone’, an automotive DIRECTORS’ RESPONSIBILITY STATEMENT
products & services concept and ‘Reliance Living’, a homeware, Pursuant to the requirement under Section 217(2AA) of the
furniture, modular kitchens, furnishings concept. Companies Act, 1956 with respect to Directors’ Responsibility
During the year, RRL continued to fulfill its commitment of statement, it is hereby confirmed that:
enriching Indian consumer’s shopping experience, and providing (i) in the preparation of the accounts for the year ended 31st
quality merchandise at an attractive value proposition. More March, 2010, the applicable accounting standards have
than 3 years into operation, RRL has now expanded its presence been followed and that there are no material departures
in more than 85 cities across 14 states in India. RRL forged from the same.
ahead with its expansion plans and rolled out stores across the
country. RRL’s footprint now spans a network of more than (ii) the Directors have selected such accounting policies and
1,000 stores. applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a
RRL also rapidly expanded the stores network it operates true and fair view of the state of affairs of the Company
through strategic partnerships with world-class companies such at March 31, 2010 and of the profit of the Company for
as Marks and Spencer & Pearl Europe. RRL also entered into an the year ended on that date.
2 Reliance Retail Limited

(iii) the Directors have taken proper and sufficient care for Standard AS-23 on Accounting for Investments in Associates,
the maintenance of adequate accounting records in the audited Consolidated Financial Statements are provided in
accordance with the provisions of the Companies Act, the Annual Report.
1956 for safeguarding the assets of the Company and for
PERSONNEL
preventing and detecting fraud and other irregularities;
and As required under the provisions of Section 217(2A) of the
Companies Act, 1956, read with the Companies (Particulars of
(iv) the Directors have prepared the accounts for the year
Employees) Rules, 1975, as amended, the names and other
ended 31st March, 2010 on a going concern basis.
particulars of the employees are set out in the Annexure 1 to
AUDITORS this Report.
During the year, M/s. S.R. Batliboi & Co., Chartered CONSERVATION OF ENERGY, TECHNOLOGY
Accountants, resigned as Joint Statutory Auditors of the ABSORPTION AND FOREIGN EXCHANGE EARNINGS
Company. To fill this vacancy, M/s. S.V. Ghatalia & Associates, AND OUTGO
Chartered Accountants, were appointed as Joint Statutory
Particulars relating to conservation of energy, technology
Auditors of the company.
absorption and foreign exchange earnings and outgo, required to
M/s. Chaturvedi & Shah, Chartered Accountants and M/s. S.V. be furnished pursuant to Section 217(1)(e) of the Companies
Ghatalia & Associates Chartered Accountants, Statutory Act, 1956, read with Companies (Disclosures of Particulars in
Auditors of the Company, hold office until the conclusion of the Report of Board of Directors) Rules, 1988 :
the ensuing Annual General Meeting of the Company and are
i. Part A and Part B of the said Rules, pertaining to
eligible for re-appointment. The Company has received letters
conservation of energy and technology absorption, are
from them to the effect that their appointment/re-appointment
not applicable to the Company.
if made, would be within the prescribed limits u/s 224(1B) of
the Companies Act, 1956 and that they are not disqualified for ii. Foreign exchange earnings & outgo during the year under
such re-appointment within the meaning of Section 226 of the review:
Companies Act, 1956.
(Rs. In Lakh)
AUDIT COMMITTEE:
Total Foreign Exchange earned: Nil
The Audit Committee of the Board comprises of three Directors,
namely Shri Mukesh D. Ambani, Shri Manoj H Modi and Shri Total Foreign Exchange outgo: 1163.96 lacs
Dipak C Jain. Shri Mukesh D. Ambani is the Chairman of the ACKNOWLEDGEMENT
Committee.
The Directors acknowledge the full support and cooperation
The role and functions of the Audit Committee are in conformity received from the holding company, Reliance Industries Limited,
with the requirements of Section 292A of the Companies Act, Government authorities, banks, customers, vendors and
1956. members for their valuable support and assistance.
SUBSIDIARY COMPANIES The Directors also place on record their appreciation of the
The Company has applied to the Ministry of Corporate Affairs tremendous commitment and excellent work done by all the
(MCA) for granting approval that the requirement to attach executives and staff of the Company during the year under
various documents in respect of subsidiary companies, as set review.
out in sub-section (1) of Section 212 of the Companies Act, For and on behalf of the Board of Directors
1956, shall not apply to the Company. The approval from
MCA is awaited. The Company shall be complying with the
Order of the MCA and if approved, these documents relating to Mukesh D. Ambani
the subsidiary companies will not be attached to the balance Chairman
sheet of the Company. The Consolidated Financial Statements
presented by the Company include the financial results of its Mumbai
subsidiary companies. 23rd April, 2010
CONSOLIDATED FINANCIAL STATEMENTS
In accordance with the Accounting Standard AS-21 on
Consolidated Financial Statements read with Accounting
Reliance Retail Limited 3

Auditors’ Report

The Members of, e) On the basis of written representations received from


RELIANCE RETAIL LIMITED the directors as on March 31, 2010 and taken on
record by the Board of Directors, we report that
We have audited the attached Balance Sheet of RELIANCE none of the directors is disqualified as on March 31,
RETAIL LIMITED (‘the Company’) as at March 31, 2010, the 2010 from being appointed as a director in terms of
Profit and Loss Account and the Cash Flow Statement for clause (g) of sub-section (1) of section 274 of the
the year ended on that date annexed thereto. These financial Companies Act, 1956;
statements are the responsibility of the Company’s management.
Our responsibility is to express an opinion on these financial f) In our opinion and to the best of our information
statements based on our audit. and according to the explanations given to us, the
said accounts give the information required by the
1. We conducted our audit in accordance with the auditing Companies Act, 1956, in the manner so required, and
standards generally accepted in India. Those Standards give a true and fair view in conformity with the
require that we plan and perform the audit to obtain accounting principles generally accepted in India:
reasonable assurance about whether the financial
statements are free of material misstatement. An audit (i) in the case of the Balance Sheet, of the state
includes examining, on a test basis, evidence supporting of affairs of the Company as at March 31, 2010;
the amounts and disclosures in the financial statements.
An audit also includes assessing the accounting principles (ii) in the case of the Profit and Loss Account, of
used and significant estimates made by the management, the profit for the year ended on that date; and
as well as evaluating the overall financial statement
presentation. We believe that our audit provides a (iii) in the case of the Cash Flow Statement, of the
reasonable basis for our opinion. cash flows for the year ended on that date.

2. As required by the Companies (Auditor’s Report) Order, For Chaturvedi & Shah For S.V.Ghatalia & Associates
2003 (as amended) issued by the Central Government of Firm Registration FirmRegistration
India in terms of sub-section (4A) of section 227 of the Number : 101720W Number: 103162W
Companies Act, 1956, we enclose in the Annexure a Chartered Accountants Chartered Accountants
statement on the matters specified in paragraphs 4 and 5
of the said Order.

3. Further to our comments in the Annexure referred to


Rajesh D. Chaturvedi per Sudhir Soni
above, we report that:
Partner Partner
Membership No.: 45882 Membership No.: 41870
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; Place: Mumbai Place: Mumbai
Date: April 23, 2010 Date: April 23, 2010
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, 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, the Profit and Loss


Account and the 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;
4 Reliance Retail Limited

Annexure referred to in paragraph 2 of our report of even date


Re: Reliance Retail Limited (‘the Company’)

1. a) The Company has maintained proper records Act, 1956 that needs to be entered into the register
showing full particulars, including quantitative details maintained under section 301. Therefore, the provisions
and situation of fixed assets. of clause (v) (b) of the Companies (Auditor’s Report)
Order 2003, (as amended) is not applicable to the
b) Fixed assets have been physically verified by the Company.
management in a phased periodical manner as per
regular programme of verification, which in our 6. The Company has not accepted any deposit from the
opinion is reasonable, having regard to the size of public.
the Company and nature of its assets. As informed,
no material discrepancies were noticed on such 7. In our opinion, the Company has an internal audit system
physical verification. commensurate with the size and nature of its business.

c) There are no substantial disposals of fixed assets 8. To the best of our knowledge and as explained, the Central
during the year. Government has not prescribed the maintenance of cost
records under Section 209 (1) (d) of the Companies Act,
2. In respect of its inventories: 1956.

a) The inventory has been physically verified during 9. In respect of statutory dues:
the year by the management. In our opinion, the
frequency of verification is reasonable. a) According to the records of the Company, the
Company is regular in depositing with appropriate
b) The procedures of physical verification of inventory authorities undisputed statutory dues including
followed by the management are reasonable and provident fund, investor education and protection
adequate in relation to the size of the Company and fund, employees’ state insurance, income-tax, sales-
the nature of its business. tax, wealth-tax, service tax, customs duty, cess and
other statutory dues applicable to it. According to
c) The Company has maintained proper records of the information and explanations given to us, no
inventory. As explained to us, there were no material undisputed amounts payable in respect of provident
discrepancies noticed on physical verification of fund, investor education and protection fund,
inventory. employees’ state insurance, income-tax, wealth-tax,
service tax, sales-tax, customs duty, cess and other
3. The Company has neither granted nor taken any loan, undisputed statutory dues were outstanding, as at
secured or unsecured to/from companies, firms and other March 31, 2010 for a period of more than six months
parties covered in the register maintained under Section from the date they became payable.
301 of the Companies Act, 1956. Therefore, the provisions
of clause (iii) (b), (c), (d), (f), (g) of the Companies b) According to the information and explanation given
(Auditor’s Report) Order 2003, (as amended) are not to us, there are no dues of income tax, sales-tax,
applicable to the Company. wealth tax, service tax, customs duty and cess which
have not been deposited on account of any dispute.
4. In our opinion and according to the information and
explanations given to us, there is an adequate internal 10. The Company’s accumulated losses at the end of the
control system commensurate with the size of the financial year are less than fifty per cent of its net worth.
Company and the nature of its business, for the purchase The Company has incurred cash loss in the current
of inventory and fixed assets and for the sale of goods financial year and also in the preceding financial year.
and services. During the course of our audit, no major
weakness has been noticed in the internal control system 11. Based on our audit procedures and as per the information
in respect of these areas. and explanations given by the management, we are of the
opinion that the Company has not defaulted in repayment
5. According to information and explanation given to us, we of dues to banks. The Company has not borrowed any
are of the opinion that there are no contracts or funds from financial institutions or debenture holders
arrangements referred to in section 301 of the Companies during the year under audit.
Reliance Retail Limited 5

Annexure referred to in paragraph 2 of our report of even date


Re: Reliance Retail Limited (‘the Company’)

12. In our opinion and according to the explanations given to 19. The Company did not have any outstanding debentures
us and based on the information available, no loans and during the year.
advances have been granted on the basis of security by
way of pledge of shares, debentures and other securities. 20. The Company has not raised any monies by way of public
issue during the year.
13. In our opinion, the Company is not a chit fund or a nidhi/
mutual benefit fund/ society. Therefore, the provisions 21. Based upon the audit procedures performed for the
of clause 4(xiii) of the Companies (Auditor’s Report) purpose of reporting the true and fair view of the financial
Order 2003, (as amended) are not applicable to the statements and as per the information and explanations
Company. given by the management, we have not come across any
instance of material fraud on or by the Company, noted
14. The Company has maintained proper records of or reported during the course of our audit.
transactions and contracts in respect of dealing and trading
in other investments and timely entries have been made
For Chaturvedi & Shah For S.V.Ghatalia & Associates
therein. All the investments have been held by the
Firm Registration FirmRegistration
Company in its own name.
Number : 101720W Number: 103162W
Chartered Accountants Chartered Accountants
15. According to the information and explanations given to
us, the Company has given guarantee for loans taken by
others from bank or financial institutions, the terms and
conditions whereof in our opinion are not prima-facie
prejudicial to the interest of the Company. Rajesh D. Chaturvedi per Sudhir Soni
Partner Partner
Membership No.: 45882 Membership No.: 41870
16. The term loans raised by the company were applied for
the purpose for which loans were obtained.
Place: Mumbai Place: Mumbai
17. According to the information and explanations given to Date: April 23, 2010 Date: April 23, 2010
us and on an overall examination of the balance sheet of
the Company, we report that no funds raised on short-
term basis have been used for long-term investment.

18. The Company has not made any preferential allotment


of shares to parties and companies covered under register
maintained under section 301 of the Companies Act, 1956.
6 Reliance Retail Limited

Reliance Retail Limited


Balance Sheet as at 31st March, 2010

(Rs. in lakh)
Schedule As at As at
31st March, 2010 31st March, 2009
SOURCES OF FUNDS
Shareholders’ Funds
Share Capital A 573,000.00 405,100.00
Loan Funds
Secured Loans B 2,150.73 4,437.10
TOTAL 575,150.73 409,537.10
APPLICATION OF FUNDS
Fixed Assets C
Gross Block 6,909.58 2,750.31
Less: Depreciation 358.68 292.52
Net Block 6,550.90 2,457.79
Capital Work-in-Progress 6,367.21 10,766.68
12,918.11 13,224.47
Investments D 17,609.63 11,827.63
Deferred Tax Assets 3,750.10 1,227.68
Current Assets, Loans and Advances
Current Assets E
Inventories 19,167.40 13,776.18
Sundry Debtors 978.62 3,566.15
Cash and Bank Balances 3,058.86 7,329.86
23,204.88 24,672.19
Loans and Advances F 540,993.36 482,999.26
564,198.24 507,671.45
Less :
Current Liabilities and Provisions G
Current Liabilities 24,439.14 125,858.98
Provisions 311.28 1,852.57
24,750.42 127,711.55
Net Current Assets 539,447.82 379,959.90
Miscellaneous Expenditure H 49.88 ` 99.89
(To the extent not written off or adjusted)
Profit and Loss Account 1,375.19 3,197.53
TOTAL 575,150.73 409,537.10
Significant Accounting Policies M
Notes on Accounts N
As per our Report of even date For and on behalf of the Board
For Chaturvedi & Shah For S.V.Ghatalia & Associates Mukesh D. Ambani Chairman
Manoj H. Modi Director
Chartered Accountants Chartered Accountants
Prof. Dipak C. Jain Director
Rajesh D. Chaturvedi per Sudhir Soni K. R. Raja Manager
Partner Partner
Membership No. 45882 Membership No. 41870 K. Sridhar Asst. Company Secretary

Mumbai
Dated : 23rd April 2010
Reliance Retail Limited 7

Reliance Retail Limited


Profit and Loss Account for the year ended 31st March, 2010

(Rs. in lakh)
Schedule 2009-10 2008-09

INCOME
Turnover 29,071.90 62,231.36
Less: Service Tax Recovered 1,463.73 3,823.84
27,608.17 58,407.52
Other Income I 370.82 815.61
Variation in Stocks J 5,391.22 2,182.78
33,370.21 61,405.91
EXPENDITURE
Purchases 19,905.51 31,771.05
Operating and Other Expenses K 13,663.55 31,400.31
Interest and Finance charges L 325.37 363.80
Depreciation 175.86 297.41
34,070.29 63,832.57
Profit/ (Loss) before Tax (700.08) (2,426.66)
Provision for Fringe Benefit Tax - 220.06
Provision for Deferred Tax (2,522.42) (622.18)
Profit/ (Loss) after Tax 1,822.34 (2,024.54)
Add: Balance brought forward from Previous Year (3,197.53) (1,172.99)
Balance carried to Balance Sheet (1,375.19) (3,197.53)
Basic and Diluted Earnings per Share of face value
of Rs 10 each (in Rupees) 0.04 (0.05)
(Refer Note 11, Schedule ‘N’)
Significant Accounting Policies M
Notes on Accounts N

As per our Report of even date For and on behalf of the Board
For Chaturvedi & Shah For S.V.Ghatalia & Associates Mukesh D. Ambani Chairman
Manoj H. Modi Director
Chartered Accountants Chartered Accountants
Prof. Dipak C. Jain Director
Rajesh D. Chaturvedi per Sudhir Soni K. R. Raja Manager
Partner Partner
Membership No. 45882 Membership No. 41870 K. Sridhar Asst. Company Secretary

Mumbai
Dated : 23rd April 2010
8 Reliance Retail Limited

Reliance Retail Limited


Cash Flow Statement for the year 2009-10

(Rs. in lakh)

2009-10 2008-09

A: CASH FLOW FROM OPERATING ACTIVITIES


Net Profit/ (Loss) before tax as per Profit and Loss Account (700.08) (2,426.66)
Adjusted for:
Miscellaneous Expenditure written off 50.01 50.01
(Profit)/ Loss on sale/ Discarding of Assets (net) 97.68 175.87
Depreciation 175.86 297.41
Effect of Exchange Rate Change (207.23) 80.37
Dividend Income (10.79) (20.22)
Interest Income (344.23) (636.75)
Interest and Finance Charges 325.37 363.80
86.67 310.49
Operating Profit before Working Capital Changes (613.41) (2,116.17)
Adjusted for:
Trade and Other Receivables 5,020.33 398,801.47
Inventories (5,391.22) (2,182.31)
Trade Payables (102,968.34) 53,407.57
(103,339.23) 450,026.73
Cash Generated from Operations (103,952.64) 447,910.56
Taxes Paid (748.49) (235.09)
Net Cash from/ (used in) Operating Activities (104,701.13) 447,675.47
B: CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets (40.00) (9,206.50)
Sale of Fixed Assets 290.42 1,576.80
Purchase of Investments (61,692.80) (70,838.35)
Sale of Investments 55,910.79 61,220.59
Loans to Subsidiaries (59,715.29) (428,854.61)
Dividend Income 10.79 20.22
Interest Income 381.11 636.75
Net Cash used in Investing Activities (64,854.98) (445,445.10)
Reliance Retail Limited 9

Reliance Retail Limited


Cash Flow Statement for the year 2009-10

(Rs. in lakh)

2009-10 2008-09
C: CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from Issue of Share Capital 167,900.00 -
Proceeds from Long Term Borrowings 113.41 -
Repayment of Long Term Borrowings (573.96) (236.15)
Short Term Loans (1,825.82) (2,663.23)
Interest Paid (328.52) (363.80)
Net Cash from/ (used in) Financing Activities 165,285.11 (3,263.18)
Net Increase/ (Decrease) in Cash and Cash Equivalents (4,271.00) (1,032.81)
Opening Balance of Cash and Cash Equivalents 7,329.86 8,362.67
Closing Balance of Cash and Cash Equivalents 3,058.86 7,329.86

As per our Report of even date For and on behalf of the Board
For Chaturvedi & Shah For S.V.Ghatalia & Associates Mukesh D. Ambani Chairman
Manoj H. Modi Director
Chartered Accountants Chartered Accountants
Prof. Dipak C. Jain Director
Rajesh D. Chaturvedi per Sudhir Soni K. R. Raja Manager
Partner Partner
Membership No. 45882 Membership No. 41870 K. Sridhar Asst. Company Secretary

Mumbai
Dated : 23rd April 2010
10 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE A

SHARE CAPITAL (Rs. in lakh)


As at As at
31st March, 2010 31st March, 2009
Authorised:
15,000,000,000 Equity Shares of Rs. 10 each 1,500,000.00 1,500,000.00
(15,000,000,000)
TOTAL 1,500,000.00 1,500,000.00
Issued, Subscribed, Called-up and Paid-up
Fully Paid-up
3,900,000,000 Equity Shares of Rs. 10 each fully paid-up 390,000.00 339,000.00
(3,390,000,000)
Partly Paid-up
6,100,000,000 Equity Shares of Rs.10 each partly paid-up of Rs.3 each 183,000.00 66,100.00
(6,610,000,000) (Previous Year partly paid-up of Re.1 each)
TOTAL 573,000.00 405,100.00
Notes:
1 Out of the above, Reliance Industries Limited, the holding company, holds 3,390,000,000 (Previous Year 3,390,000,000) fully
paid-up Equity Shares and 6,100,000,000 (Previous Year 6,100,000,000) partly paid-up Equity Shares.
2 The Company is authorised to issue up to forty nine crore Restricted Stock Units (“RSUs”) to eligible employees (including
employees of Reliance Industries Limited, the holding company) under Reliance Retail Restricted Stock Unit Plan 2007. The
RSUs vest on different dates over a period of sixteen years from the date of grant of RSUs as per the scheme announced and
upon vesting, the employees are entitled to one equity share of Rs. 10 each for every RSU. As on March 31, 2010, RSUs in force
total to five crore eleven lakh thirty six thousand three hundred ninety seven.
SCHEDULE B
SECURED LOANS (Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009

Term Loans from Banks:


Rupee Loans (1) 346.63 807.18

Working Capital Loans from Banks:


Rupee Loans (2) 1,804.10 3,629.92

TOTAL 2,150.73 4,437.10


Notes:
(1)
Loans are secured by hypothecation of vehicles.
(2)
Loans are secured by way of lien on all term deposits.
SCHEDULE C

FIXED ASSETS (Rs. in lakh)

Description Gross Block Depreciation Net Block

As at Additions Deductions / As at Upto For the Year Deductions/ Upto As at As at


1st April, 2009 Adjustments 31st March, 2010 31st March, 2009 Adjustments 31st March, 2010 31st March, 2010 31st March, 2009

OWN ASSETS :
Freehold Land - 1,407.26 - 1,407.26 - - - - 1,407.26 -
Plant and Machinery 21.32 0.49 - 21.81 4.56 2.96 - 7.52 14.29 16.76
Electrical Installations 51.69 - - 51.69 4.98 3.01 - 7.99 43.70 46.71
Equipments 274.44 6.82 - 281.26 66.88 20.74 - 87.62 193.64 207.56
Furniture and Fixtures 43.47 - - 43.47 13.25 4.04 - 17.29 26.18 30.22
Vehicles 1,195.47 99.02 497.80 796.69 174.57 109.42 109.70 174.29 622.40 1,020.90
Leasehold Improvements 153.49 - - 153.49 17.81 14.01 - 31.82 121.67 135.68
Sub-Total 1,739.88 1,513.59 497.80 2,755.67 282.05 154.18 109.70 326.53 2,429.14 1,457.83
Leased Assets:
Leasehold Land 1,010.43 3,142.65 - 4,153.08 10.47 21.67 - 32.14 4,120.94 999.96
Sub-Total 1,010.43 3,142.65 - 4,153.08 10.47 21.67 - 32.14 4,120.94 999.96
Schedules forming part of the Balance Sheet

Intangible Assets:
Software - 0.83 - 0.83 - 0.01 - 0.01 0.82 -
Sub-Total - 0.83 - 0.83 - 0.01 - 0.01 0.82 -
Total 2,750.31 4,657.07 497.80 6,909.58 292.52 175.86 109.70 358.68 6,550.90 2,457.79
Previous year 3,888.91 816.88 1,955.48 2,750.31 197.92 297.41 202.81 292.52 2,457.79 3,690.99
Capital Work-in-Progress 6,367.21 10,766.68

Notes :

Capital Work-in-Progress includes:

i) Rs. 4713.01 lakh (Previous year Rs. 9328.16 lakh) on account of Advance against Project Contracts.

ii) Rs. 402.60 lakh (Previous year Rs. 402.6 lakh) on account of Project Development Expenditure.

iii) Rs. 14.35 lakh (Previous year Rs.122.19 lakh) on account of Capital Inventory.
Reliance Retail Limited
11
12 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE D
INVESTMENTS (Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009
LONG TERM INVESTMENTS
Trade Investments
In Equity Shares - Unquoted, Fully paid-up
280,000 Reliance Utilities and Power Private Limited (Class A Shares 2.80 2 .80
(280,000) of Re.1 each)
100,000 Reliance Utilities Private Limited (Class A Shares of Re.1 each) 1.00 1.00
(100,000)
3.80 3.80
Other Investments
In Equity Shares of Subsidiary Companies - Unquoted, Fully paid-up *
50,000 Reliance Agri Products Distribution Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Autozone Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Brands Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Dairy Foods Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Digital Media Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Food Processing Solutions Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Footprint Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Fresh Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance-GrandOptical Private Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Home Store Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Hypermart Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Infrastructure Management Services Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Integrated Agri Solutions Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Lifestyle Holdings Limited of Rs.10 each 5.00 5.00
(50,000)
Reliance Retail Limited 13

Schedules forming part of the Balance Sheet

SCHEDULE D (Contd.)
(Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009

50,000 Reliance Nutritional Food Processors Limited of Rs.10 each 5.00 1.00
(10,000)
50,000 Reliance One Enterprises Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance People Serve Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Personal Electronics Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Replay Gaming Limited of Rs.10 each 5.00 1.00
(10,000)
2,020,000 Reliance Retail Finance Limited of Rs.10 each 202.00 202.00
(2,020,000)
4,000,000 Reliance Retail Insurance Broking Limited of Rs.10 each 400.00 200.00
(2,000,000)
50,000 Reliance Review Cinema Limited of Rs.10 each 5.00 1.00
(10,000)
1,010,000 Reliance Supply Chain Solutions Limited of Rs.10 each 101.00 101.00
(1,010,000)
50,000 Reliance Trade Services Centre Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Trends Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Universal Ventures Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliance Wellness Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Reliancedigital Retail Limited of Rs.10 each 5.00 5.00
(50,000)
50,000 Strategic Manpower Solutions Limited of Rs.10 each 5.00 5.00
(50,000)
833.00 621.00
14 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE D (Contd.)
(Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009
Investments in Joint Venture Companies - Unquoted, Fully paid-up *
1,462,650 Marks and Spencer Reliance India Private Limited of Rs.10 each 523.66 327.66
(1,217,650)
55,394,500 Marks and Spencer Reliance India Private Limited of Rs.5 each 9,940.17 6,216.17
(46,084,500)
11,000,000 Reliance-GrandVision India Supply Private Limited of Rs.10 each 1,100.00 700.00
(7,000,000)
20,500,000 Reliance Vision Express Private Limited of Rs.10 each 2,050.00 800.00
(8,000,000)
21,060,000 Reliance Vornado Development Private Limited of Rs.10 each 2,106.00 2,106.00
(21,060,000)
10,530,000 Reliance Vornado Management Private Limited of Rs.10 each 1,053.00 1,053.00
(10,530,000)
16,772.83 11,202.83

TOTAL 17,609.63 11,827.63


AGGREGATE VALUE OF
Unquoted Investments - Book Value 17,609.63 11,827.63
Movement in Investments
Investments Purchased and Sold during the year
Face Value Nos. Cost
in Rupees (in lakh) Rs. in lakh
Mutual Fund Units
ICICI Prudential Liquid Super Institutional Plan -Daily Dividend 10 3,860 38,608.46
ICICI Prudential Liquid Super Institutional Plan -Daily Dividend 100 173 17,302.33
Note:
*Investment in company under the same management
Reliance Retail Limited 15

Schedules forming part of the Balance Sheet

SCHEDULE E
CURRENT ASSETS (Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009
INVENTORIES
Traded Goods 19,167.40 13,776.18
(1)
SUNDRY DEBTORS (Unsecured and Considered Good)
Over six months 37.35 -
Others 941.27 3,566.15
978.62 3,566.15
CASH AND BANK BALANCES
Cash in Hand 81.82 83.92
Balance with Scheduled Banks
In Current Accounts 665.79 3,021.14
In Fixed Deposit Accounts 2,311.25 4,224.80
3,058.86 7,329.86
TOTAL 23,204.88 24,672.19
Note:
(1)
Includes Rs. 820.68 lakh (Previous Year Rs.3110.00 lakh) receivable from the following companies under the same management.
a Reliance Fresh Limited
b Reliance Hypermart Limited
c Reliance Trends Limited
d Reliance Wellness Limited
16 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE F
LOANS AND ADVANCES
(Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009

UNSECURED - (Considered good unless otherwise stated)


Loans to Subsidiary Companies 532,136.90 472,421.61
Advance Income Tax (net of Provision) 2,132.84 1,384.35
(1)
Advances Recoverable in Cash or in kind or for value to be received 2,133.82 3,230.55
Deposits 3,411.44 4,026.96
Balance with Service Tax/ Sales Tax Authorities, etc. 1,178.36 1,935.79
TOTAL 540,993.36 482,999.26
Note:
(1)
Includes Rs. 14.68 lakh (Previous Year Rs.20.00 lakh) receivable from the following companies under the same management.
Maximum balance outstanding during the year Rs. 64.66 lakh (Previous Year Rs. 20.00 lakh)
a Reliance Autozone Limited
b Reliance Food Processing Solutions Limited
c Reliance Footprint Limited
d Reliance Hypermart Limited
e Reliance Universal Ventures Limited
f Reliancedigital Retail Limited
Reliance Retail Limited 17

Schedules forming part of the Balance Sheet

SCHEDULE G
(Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009
CURRENT LIABILITIES AND PROVISIONS
Current Liabilities
Sundry Creditors
- Micro enterprises and Small enterprises (1) - -
(2)
- Others 24,435.99 125,858.98
Interest accrued but not due on loans 3.15 -
24,439.14 125,858.98
Provisions
Provision for Leave Encashment/ Superannuation/ Gratuity 311.28 1,852.57
TOTAL 24,750.42 127,711.55
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. 5.33 lakh (Previous Year Rs. 613.19 lakh) payable to Subsidiaries and Rs. 624.85 lakh (Previous Year Rs. 423.21
lakh) for capital expenditure.

SCHEDULE H
MISCELLANEOUS EXPENDITURE
(to the extent not written off or adjusted)
(Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009
Issue Expenses
As per last Balance Sheet 99.89 149.90
Less : Written - off during the year 50.01 50.01
TOTAL 49.88 99.89
18 Reliance Retail Limited

Schedules forming part of the Profit and Loss Account

SCHEDULE I

OTHER INCOME
(Rs. in lakh)
2009-10 2008-09
Dividend
From Current Investments 10.79 20.22
Interest
From Others 344.23 636.75
[Tax Deducted at Source Rs. 67.67 lakh (Previous Year Rs. 60.81 lakh)]
Profit on Sale of Assets 0.05 1.93
Miscellaneous Income 15.75 156.71
TOTAL 370.82 815.61

SCHEDULE J

VARIATION IN STOCKS (Rs. in lakh)


2009-10 2008-09
STOCK-IN-TRADE (at close)
Traded Goods 19,167.40 13,776.18
STOCK-IN-TRADE (at commencement)
Traded Goods 13,776.18 11,593.40
TOTAL 5,391.22 2,182.78

SCHEDULE K
OPERATING AND OTHER EXPENSES
(Rs. in lakh)
2009-10 2008-09
PAYMENT TO AND PROVISIONS
FOR EMPLOYEES
Salaries, Wages and Bonus 2,662.66 10,601.42
Contribution to Provident Fund, Gratuity Fund, 249.25 767.20
Superannuation Fund, Employee’s State Insurance Scheme,
Pension Scheme,Labour Welfare Fund etc.
Employee Welfare and other amenities 341.62 839.07
3,253.53 12,207.69
Reliance Retail Limited 19

Schedules forming part of the Profit and Loss Account

SCHEDULE K (Contd.)
(Rs. in lakh)
2009-10 2008-09
SALES AND DISTRIBUTION EXPENSES
Samples, Sales Promotion and Advertisement Expenses 337.25 57.01
Store Running Expenses 4,661.74 7,728.87
Brokerage, Discount and Commission - 8.94
Warehousing and Distribution Expenses 72.62 132.70
5,071.61 7,927.52
OPERATING AND ESTABLISHMENT EXPENSES
Stores and Packing Materials 84.42 1,056.52
Machinery Repairs 5.92 2.96
Building Repairs 279.60 286.20
Other Repairs 349.45 878.05
Rent including Lease Rentals 2,455.89 3,575.14
Insurance 84.01 238.94
Rates and Taxes 37.13 113.88
Travelling and Conveyance Expenses 315.47 1,243.56
Payment to Auditors 84.32 58.50
Professional Fees 1,504.57 1,817.87
Loss on Sale/ Discarding of Assets 97.73 177.80
Exchange Differences (Net) (954.07) 250.75
Security Expenses 275.46 381.68
Electricity Expenses 189.07 220.27
Telephone Expenses 59.06 258.48
Printing and Stationery 24.06 101.40
Hire Charges 205.95 522.44
General Expenses 190.06 30.45
Charity and Donation 0.30 0.20
5,288.40 11,215.09
Miscellaneous Expenditure written off 50.01 50.01
TOTAL 13,663.55 31,400.31

SCHEDULE L
INTEREST AND FINANCE CHARGES
(Rs. in lakh)
2009-10 2008-09
Fixed Loans 315.39 343.06
Others 9.98 20.74
325.37 363.80
20 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE M
SIGNIFICANT ACCCOUNTING 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 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 recognised 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 Impairment of Assets
An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. An impairment loss is charged for
when an asset is identified as impaired. The impairment loss recognised in prior accounting period is reversed if there has been
a change in the estimate of recoverable amount.
6 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; baskets are depreciated over the estimated useful life of three years and Software amortised over a period of 5 years.
7 Intangible Assets
Intangible Assets are stated at cost of acquisition less accumulated amortisation.
8 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. In case of items which are
covered by forward exchange contracts, the difference between the year end rate and rate on the date of the contract is
recognised as exchange difference and the premium paid on forward contracts is recognised over the life of the contract.
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.
9 Investments
Current Investments are carried at lower of cost and quoted/ fair value, computed category wise. Long Term Investments are
stated at cost. Provision for diminution in the value of Long Term Investments is made only if such a decline is other than
temporary.
Reliance Retail Limited 21

Schedules forming part of the Balance Sheet

SCHEDULE M (Contd.)
10 Inventories
Items of inventories are measured at lower of cost and net realisable value after providing for obsolescence, if any. Cost of
inventories comprises of cost of purchase and other costs incurred in bringing them to their respective present location and
condition. Costs are determined on weighted average basis.
11 Turnover
Turnover includes sale of goods, services and service tax, adjusted for discount (net) and Value Added Tax, if any.
12 Employee Benefits
i) Short term employee benefits are recognised as an expense at the undiscounted amount in the Profit and Loss Account in
the year in which the related service is rendered.
ii) Post employment and other long term employee benefits are recognised in the Profit and Loss Account in the year in which
the employee has rendered services. The amount charged off is recognised at the present value of the amount payable
determined using actuarial valuation techniques. Actuarial gains and losses in respect of post employment and other long
term benefits are charged to Profit and Loss Account.
iii) In respect of employees stock options, the excess of fair price on the date of grant over the exercise price is recognised as
deferred compensation cost amortised over the vesting period.
13 Miscellaneous Expenditure
Preliminary and Issue expenses incurred are amortised over a period of 5 years.
14 Financial Derivatives and Commodity Hedging Transactions
In respect of derivative contracts, premium paid, gains/ losses on settlement and provision for losses on restatement are
recognised along with the underlying transactions and charged to Profit and Loss Account, except in case where the related
underlying physical transactions is held as inventory, in which case, they are adjusted to the carrying cost of inventory.
15 Provision For Current And Deferred Tax
Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income-Tax Act,
1961. Deferred tax resulting from “timing differences” 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 recognised and
carried forward only to the extent that there is a virtual certainty that the asset will be realised in future.
16 Provision, Contingent Liabilities And Contingent Assets
Provisions involving substantial degree of estimation in measurement are recognised 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 recognised but are
disclosed in the notes. Contingent Assets are neither recognised nor disclosed in the financial statements.
22 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE N
NOTES ON ACCOUNTS
1 The previous year’s figures have been reworked, 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. The 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 402.60 1,845.69
Less:
Transferred to Subsidiary under slump sale - 1,443.09
Closing Balance 402.60 402.60

3 The 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 Additional Information (to the extent applicable):
(Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009
a Capital Commitments
Estimated amount of contracts remaining to be executed
on capital accounts (net of advances) and not provided for
(a) In respect of Joint Ventures 160.65 -
(b) In respect of Others - 1 031.73
b Contingent Liabilities
(i) Outstanding guarantees furnished to Banks including
in respect of Letters of credit
(a) In respect of Joint Ventures 3.65 -
(b) In respect of Others 1 310.21 1 047.38
(ii) Guarantees to Banks against credit facilities extended to third parties
(a) In respect of Joint Ventures - -
(b) In respect of Others 1 960.00 -
(iii) Claims against the Company/ disputed liabilities not acknowledged as debts
(a) In respect of Joint Ventures 1.15 -
(b) In respect of Others 1 141.01 -
5 Turnover includes Income from Services of Rs. 12,145.64 lakh (Previous Year Rs.27,739.06 lakh).
6 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:
Reliance Retail Limited 23

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)
Defined Contribution Plan (Rs. in lakh)
Contribution to Defined Contribution Plan, recognised are charged off for the year are as under:
2009-10 2008-09
Employer’s Contribution to Provident Fund 242.56 527.40
Employer’s Contribution to Superannuation Fund 42.57 75.79
Employer’s Contribution to Pension Scheme 36.07 94.55
The Company’s Provident Fund is exempted under Section 17 of Employees’ Provident Fund and Miscellaneous Provisions
Act, 1952. Conditions for grant of exemptions stipulates that employer shall make good deficiency, if any, in the interest rate
declared by trust vis-a-vis statutory rate.
Defined Benefit Plan
The employees’ gratuity fund scheme managed by a Trust is a defined benefit plan and the Plan assets are invested with Life
Insurance Corporation. 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.
I. Reconciliation of opening and closing balances of Defined Benefit obligation (Rs. in lakh)
Gratuity Leave Encashment
(Funded) (Unfunded)
2009-10 2008-09 2009-10 2008-09

Defined Benefit obligation at beginning of the year 312.65 494.36 1 541.83 1 486.62
Current Service Cost 68.44 101.11 50.22 267.29
Interest Cost 19.76 39.42 79.68 109.08
Contribution by the plan participants - - - -
Actuarial (gain)/ loss ( 164.26) ( 318.96) ( 401.79) ( 75.01)
Benefits paid ( 14.41) ( 3.28) ( 958.66) ( 246.15)
Defined Benefit obligation at year end 222.18 312.65 311.28 1 541.83

II. Reconciliation of opening and closing balances of fair value of plan assets
(Rs. in lakh)
Gratuity
(Funded)
2009-10 2008-09

Fair value of plan assets at beginning of the year 551.16 494.36


Expected return on plan assets 52.43 39.55
Actuarial gain/ (loss) - 17.25
Employer contribution(Refund) 7.25 3.28
Benefits Paid ( 14.41) ( 3.28)
Fair value of plan assets at year end 596.43 551.16
24 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)
III. Reconciliation of fair value of assets and obligations
(Rs. in lakh)
Gratuity Leave Encashment
(Funded) (Unfunded)
2009-10 2008-09 2009-10 2008-09
Fair value of plan assets 596.43 551.16 - -
Present value of obligation 222.18 312.65 311.28 1 541.83
Amount recognised in Balance Sheet 374.25 238.51 311.28 1 541.83

IV. Expenses recognized during the year (Rs. in lakh)


Gratuity Leave Encashment
(Funded) (Unfunded)
2009-10 2008-09 2009-10 2008-09

Current Service Cost 68.44 101.11 50.22 267.29


Interest Cost on benefit obligation 19.76 39.42 79.68 109.08
Actuarial (gain)/ loss recognized in the year (164.26) (318.96) (401.79) (75.01)
Expected return on plan assets (52.43) (39.55) - -
Past Service Cost - - - -
Net benefit expense/ (Income) (128.49) (217.98) (271.89) 301.36
Actual return on plan asset 52.43 39.55 - -
V. Actuarial assumptions
Gratuity Leave Encashment
(Funded) (Unfunded)
2009-10 2008-09 2009-10 2008-09
Discount rate (per annum) 8.00% 8.00% 7.50% 8.00%
Expected rate of return on plan assets (per annum) 8.00% 8.00% Nil 8.00%
Rate of escalation in salary (per annum) 6% 4% 6% 4%
The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion
and other relevant factors including supply and demand in the employment market. The above information is certified by
the actuary.
The expected rate of return on plan assets is determined considering several applicable factors, mainly the composition of
plan assets held, assessed risks, historical results of return on plan assets and the Company’s policy for plan assets
management.
7 The Deferred Tax Assets (net) comprise of the following: (Rs. in lakh)
As at As at
31st March, 2010 31st March, 2009
(i) Deferred Tax Assets
- Disallowance under the Income Tax Act, 1961 79.10 64.18
- Carried forward loss 2 159.62 30 613.42
- Related to Fixed Assets 1 511.38 -
(ii) Deferred Tax Liability
- Related to Fixed Assets - 29 449.92
3,750.10 1,227.68
Note : The virtual certainty is based on agreements.
Reliance Retail Limited 25

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)
8 Payment to Auditors (excluding Service Tax, wherever applicable) (Rs. in lakh)
2009-10 2008-09
(i) Audit Fees 50.00 45.00
(ii) Tax Audit Fees 10.25 9.00
(iii) Fees For Certification and Consultation Work 7.50 4.50
(iv) Expenses Reimbursed 5.89 -
73.64 58.50
9 General description of Lease terms :
a Lease rentals are charged on the basis of agreed terms.
b Assets are taken on lease over a period of 1 to 30 years.
10 Managerial Remuneration (Rs. in lakh)
2009-10 2008-09
(i) Salaries 40.36 34.41
(ii) Perquisites and Allowances 0.38 1.48
(iii) Leave salary/ Encashment 5.30 -
(iv) Contribution to Provident Fund 4.74 4.74
(v) Gratuity 1.90 1.90
52.68 42.53
11 Earnings Per Share (EPS)
2009-10 2008-09
(i) Net Profit after tax as per Profit and Loss Account (Rs. in lakh) 1,822.34 (2,024.54)
(ii) Weighted Average number of Equity Shares used as denominator 4 05 56 00 000 40 10 00 000
for calculating EPS
(iii) Basic and Diluted Earnings/ (Loss) per share of face value 0.04 (0.05)
of Rs. 10 each (Rupees)
12 Financial and Derivative Instruments
Derivative contracts entered into by the Company and outstanding as on 31st March, 2010
i) For Hedging Currency Related Risks:
Nominal amounts of Forward contracts entered into by the Company and outstanding as at 31st March, 2010 amount to
Rs. 9,025.63 lakh (Previous Year Rs.2,070.11 lakh).
ii) For Hedging Commodity Related Risks:
Forward contract for hedging the price risk of gold entered into by the Company and outstanding as at 31st March, 2010
amount to Rs. 9,274.28 lakh for 571.84 kg (Previous Year Rs.7,649.88 lakh for 525.06 kg).
13 Value of Imports on CIF basis in respect of: (Rs. in lakh)
2009-10 2008-09
a Traded Goods - 3 88.66
b Capital goods - 2 14.42
26 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)
14 Expenditure in Foreign Currency: (Rs. in lakh)
2009-10 2008-09
a Professional Fees 11 48.17 2.77
b Other matters 15.79 2.71
11 63.96 5.48

15 Value of Stores and Packing Materials Consumed


2009-10 2008-09
Rs. in lakh % of Consumption Rs. in lakhs % of Consumption
Indigenous 84.42 100% 10 56.52 100%

16 Information as required under para 3, 4 and 4A to 4D of part II of schedule VI of Companies Act, 1956 are given to the
extent applicable.
17 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 Name of the Related Party Relationship
No
1 Reliance Industries Limited Holding Company
2 Reliance Agri Products Distribution Limited }
3 Reliance Autozone Limited }
4 Reliance Brands Limited }
5 Reliance Dairy Foods Limited }
6 Reliance Digital Media Limited }
7 Reliance F&B Services Limited }
8 Reliance Financial Distribution and Advisory Services Limited }
9 Reliance Food Processing Solutions Limited }
10 Reliance Footprint Limited }
11 Reliance Fresh Limited }
12 Reliance Gems and Jewels Limited }
13 Reliance-GrandOptical Private Limited } Subsidiary Companies
14 Reliance Home Store Limited }
15 Reliance Hypermart Limited }
16 Reliance Infrastructure Management Services Limited }
17 Reliance Integrated Agri Solutions Limited }
18 Reliance Leisures Limited }
19 Reliance Lifestyle Holdings Limited }
20 Reliance Loyalty & Analytics Limited }
21 Reliance Nutritional Food Processors Limited }
22 Reliance One Enterprises Limited }
Reliance Retail Limited 27

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)

Sr Name of the Related Party Relationship


No
23 Reliance People Serve Limited }
24 Reliance Personal Electronics Limited }
25 Reliance Petro Marketing Limited }
26 Reliance Replay Gaming Limited }
27 Reliance Retail Finance Limited }
28 Reliance Retail Insurance Broking Limited }
29 Reliance Retail Securities and Broking Company Limited }
30 Reliance Retail Travel & Forex Services Limited }
31 Reliance Review Cinema Limited }
32 Reliance Supply Chain Solutions Limited }
33 Reliance Trade Services Centre Limited }
34 Reliance Trends Limited } Subsidiary Companies
35 Reliance Universal Ventures Limited }
36 Reliance Vantage Retail Limited }
37 Reliance Wellness Limited }
38 Reliancedigital Retail Limited }
39 RESQ Limited }
40 Retail Concept & Services ( India) Limited }
41 Delight Proteins Limited }
42 LPG Infrastructure (India) Limited }
43 Strategic Manpower Solutions Limited }

44 Reliance Corporate IT Park Limited } Fellow Subsidiary

45 Reliance Vornado Development Private Limited }


46 Reliance Vornado Management Private Limited }

47 Reliance-GrandVision India Supply Private Limited } Joint Venture Companies


48 Reliance-Vision Express Private Limited }
49 Marks and Spencer Reliance India Private Limited }

50 eOfficeplanet India Private Limited Associate

51 Mr.Raghu Pillai Key Managerial Personnel


28 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)
(b) Transactions during the year with related parties (excluding reimbursements):
(Rs. in lakh)
Sr Nature of Transactions Holding Subsidiaries Fellow Joint Key Total
No Company Subsidiaries Venture and Managerial
Associate Personnel
Companies
1 Additional Share Capital 1220 00.00 - - - - 1220 00.00
- - - - - -
2 Purchase of Investments - 2 12.00 - 55 70.00 - 57 82.00
- 1 16.50 - 112 02.83 - 113 19.33
3 Sale/ redemption during the year - - - - - -
- 5.00 - - - 5.00
4 Loans and Advances given/ (returned) ( 64.66) 597 15.29 - ( 20.00) - 596 30.63
64.66 4203 55.60 - 7 57.40 - 4211 77.66
5 Turnover 119 63.39 7 31.04 - - - 126 94.43
274 90.84 180 74.19 10.50 40.00 - 456 15.53
6 Purchases 39 46.19 52.75 - - - 39 98.94
1 25.07 19 18.42 - - - 20 43.49
7 Expenditure
- Store Running Expenses - 45 66.83 - - - 45 66.83
- 70 74.09 - - - 70 74.09
- Rent - - - - - -
- - 1.53 - - 1.53
- Professional Fees - - - 6.62 - 6.62
- - 1.80 - - 1.80
- Printing and Stationery - - - 3.23 - 3.23
- - - - - -
8 Payment to Key Managerial Personnel - - - - 52.68 52.68
- - - - 42.53 42.53
Balance as at 31st March, 2010
9 Share Capital 5220 00.00 - - - - 5220 00.00
4000 00.00 - - - - 4000 00.00
10 Investments - 8 33.00 - 167 72.83 - 176 05.83
- 6 21.00 - 112 02.83 - 118 23.83
11 Loans and Advances - 5321 51.59 - - - 5321 51.59
64.66 4724 21.61 - 20.00 - 4725 06.27
12 Sundry Debtors - 8 20.68 - - - 8 20.68
- 33 69.45 11.71 44.81 - 34 25.97
13 Sundry Creditors 191 98.53 5.33 41.37 .62 - 192 45.85
1180 10.24 6 13.19 1.84 - - 1186 25.27
14 Financial Guarantees given - 12 31.01 - 3.65 - 12 34.66
- 8 55.67 - - - 8 55.67
Note : Figures in italics represent previous year’s amount.
Reliance Retail Limited 29

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)
Disclosure in respect of material Related Party Transactions during the year:
a Additional Investment in Share Capital includes the receipt of call money against the partly paid shares from Reliance
Industries Limited to the extent of Rs.122,000.00 lakh (Previous Year Nil).
b Purchase of Investment includes subscription to the Equity Shares of Reliance Retail Insurance Broking Limited Rs.200
lakh (Previous Year Nil), Marks and Spencer Reliance India Private Limited Rs.3920.00 lakh (Previous Year Rs.6543.83
lakh) and Reliance Vision Express Private Limited Rs.1250.00 lakh (Previous Year Rs.800.00 lakh).
c Loans and Advances given/ (returned) include to Reliance Fresh Limited Rs.32,455.52 lakh (Previous Year Rs.1,55,975.00
lakh), Reliance Trends Limited Rs.7810.49 lakh (Previous Year Rs.Nil), Reliancedigital Retail Limited Rs.5738.38 lakh
(Previous Year Rs.Nil), Reliance Lifestyle Holdings Limited Rs.5609.14 lakh (Previous Year Rs.Nil) and Reliance Hypermart
Limited Rs.612.33 lakh (Previous Year Rs.1,37,586 lakh).
d Turnover includes to Reliance Industries Limited. Rs. 11,963.39 lakh (Previous Year Rs.27,490.84 lakh), Reliance Dairy
Foods Limited Rs.34.04 lakh (Previous Year Nil), Reliance Fresh Limited Rs. 20.47 Lakh (Previous Year Rs.7,227.72 lakh),
Reliance Hypermart Limited Rs. 605.64 lakh (Previous Year Rs.5,465.28 lakh), Reliance Trends Limited Rs. 25.56 lakh
(Previous Year Rs.2995.88 lakh) and Reliance Leisures Limited Rs.24.51 lakh (Previous Year Nil).
e Purchases include from Reliance Industries Limited. Rs. 3,946.19 lakh (Previous Year Rs.125.07 lakh) and Reliance Hypermart
Limited. Rs. 46.59 lakh (Previous Year Rs.Nil).
f Store Running Expenses includes Strategic Manpower Solutions Limited Rs.4456.52 lakh (Previous Year Rs.6874.09 lakh).
g Professional Fees consists of Reliance Vornado Development Private Limited Rs.6.62 lakh (Previous Year Rs.Nil).
h Printing and Stationery from eOffice Planet India Private Limited Rs.3.23 lakh (Previous Year Rs.Nil).
i Payment to Key Managerial Personnel consists of payment of Rs.52.68 lakh (Previous Year Rs.42.53 lakh) to Shri Raghu
Pillai.
18 Loans and advances in the nature of Loans given to Subsidiaries/ Joint Venture:
(Rs. in lakh)
Name of the Company As at As at Maximum Balances
31st March, 2010 31st March, 2009 during the year

1 Reliance Agri Products Distribution Limited 3,387.70 1,987.50 3,415.33


2 Reliance Autozone Limited 2,478.57 1,422.93 2,478.57
3 Reliance Brands Limited 3,683.14 1,966.96 3,736.99
4 Reliance Dairy Foods Limited 8,970.87 6,484.06 14,219.10
5 Reliance Digital Media Limited 811.34 253.90 811.34
6 Reliance F&B Services Limited 30.56 29.86 30.56
7 Reliance Financial Distribution and 1,170.64 1,057.06 1,170.64
Advisory Services Limited
8 Reliance Food Processing Solutions Limited 31,594.98 28,972.67 35,814.32
9 Reliance Footprint Limited 6,616.53 5,298.16 6,726.43
10 Reliance Fresh Limited 210,028.95 177,573.42 212,839.10
11 Reliance Gems and Jewels Limited 133.14 98.65 158.29
12 Reliance Home Store Limited 7,110.80 5,456.10 9,111.19
13 Reliance Hypermart Limited 144,203.38 143,591.05 144,678.85
14 Reliance Infrastructure Management Services Limited - 17.32 17.60
15 Reliance Integrated Agri Solutions Limited 2,750.54 2,559.87 2,775.40
16 Reliance Leisures Limited 1,909.96 1,830.71 1,909.96
17 Reliance Lifestyle Holdings Limited 17,635.08 12,025.94 17,685.83
18 Reliance Loyalty & Analytics Limited 106.54 88.21 106.54
19 Reliance Nutritional Food Processors Limited 118.50 122.00 124.00
20 Reliance One Enterprises Limited 92.10 25.00 92.10
30 Reliance Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)

(Rs. in lakh)
Name of the Company As at As at Maximum Balances
31st March, 2010 31st March, 2009 during the year
21 Reliance People Serve Limited 37.53 83.46 291.70
22 Reliance Personal Electronics Limited 114.98 95.95 132.91
23 Reliance Retail Finance Limited - 369.49 438.55
24 Reliance Retail Insurance Broking Limited 110.71 376.94 428.45
25 Reliance Retail Securities & Broking Company Limited 45.71 40.92 45.71
26 Reliance Retail Travel & Forex Services Limited 22.44 22.59 24.18
27 Reliance Review Cinema Limited 11.12 10.65 19.51
28 Reliance Supply Chain Solutions Limited 26,825.40 26,958.05 34,444.72
29 Reliance Trade Services Centre Limited 979.20 841.78 980.23
30 Reliance Trends Limited 16,517.52 8,707.03 17,575.78
31 Reliance Universal Ventures Limited 3,899.91 3,656.50 4,909.31
32 Reliance Vantage Limited 12,590.04 8,834.02 12,590.04
33 Reliance Wellness Retail Limited 6,853.10 7,314.68 18,673.94
34 Reliancedigital Retail Limited 20,423.89 14,685.50 22,025.46
35 Reliance-GrandOptical Private Limited 1.00 1.00 1.00
36 RESQ Limited - 8.34 9.90
37 Retail Concepts & Services (India) Limited - 6,958.37 6,958.37
38 Delight Proteins Limited 480.00 379.38 514.27
39 Strategic Manpower Solutions Limited 391.05 2,215.57 7,662.86
532,136.90 472,421.61 585,629.03
Notes:
(a) Loans and Advances, shown above, to Subsidiaries 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 Company’s policy are not considered.
(d) All the above loans and advances are to the company under the same management.

19 The details of Joint Ventures are as follows:

Name of the Joint Ventures Country of Proportion of


Incorporation ownership interest
Marks and Spencer Reliance India Private Limited India 49%
Reliance Vornado Development Private Limited India 50%
Reliance Vornado Management Private Limited India 50%
Reliance-Grand Vision India Supply Private Limited India 50%
Reliance-Vision Express Private Limited India 50%
Supreme Tradelinks Private Limited (wholly owned India 49%
subsidiary of Marks and Spencer Reliance India Private Limited)
Reliance Retail Limited 31

Schedules forming part of the Balance Sheet

SCHEDULE N (Contd.)
20 In respect of jointly controlled entities, the Company’s share of assets, liabilities, income and expenditure are as follows:
(Rs. in lakh)
Particulars As at As at
31st March, 2010 31st March, 2009
(i) Assets
Long Term Assets 3,395.31 1033.93
Investment 3,038.75 -
Current Assets 8,200.80 9192.31
(ii) Liabilities
Current Liabilities and Provisions 3,900.78 2886.72
(iii) Income 8,414.96 719.14
(iv) Expenses 10,191.42 1474.72

21 Quantitative Details :
Sr. Category Opening Stock Purchases Sales Closing Stock
UOM Qty Rs. in Qty Rs. in Qty Rs. in Qty Rs. in
lakh lakh lakh lakh
1 Gold (including ‘in Kg 782.08 11303.71 891.66 16037.12 758.45 13028.03 915.29 15285.61
Studded Jewellery’)
2 Diamond/ Precious Stones in (1) 2472.47 3868.39 3898.23 3881.79
Studded Jewellery and Others
Total 13776.18 19905.51 16926.26 19167.40

Note :
(1)
In view of the large number of heterogeneous nature of items purchased and sold, the quantitative information have been
furnished to the extent practicable and giving meaningful information.
(2)
During the previous year, The Ministry of Corporate Affairs, Government of India vide its Order No.46/86/2009-CL-III dated
21/05/2009 issued under Section 211(4) of the Companies Act, 1956 has exempted the Company from the disclosure of
quantitative details in the Profit and Loss Account under paras 3(i)(a) and 3(ii)(b) of Para II, Schedule VI to the Companies Act,
1956. Hence previous year’s figures are not disclosed.

As per our Report of even date For and on behalf of the Board
For Chaturvedi & Shah For S.V.Ghatalia & Associates Mukesh D. Ambani Chairman
Manoj H. Modi Director
Chartered Accountants Chartered Accountants
Prof. Dipak C. Jain Director
Rajesh D. Chaturvedi per Sudhir Soni K. R. Raja Manager
Partner Partner
Membership No. 45882 Membership No. 41870 K. Sridhar Asst. Company Secretary

Mumbai
Dated : 23rd April 2010
32 Reliance Retail Limited

Additional Information as required under Part IV of Schedule VI to the Companies Act, 1956
Balance Sheet Abstract and Company’s General Business Profile:
I. Registration Details:

Registration No. U 1 7 1 2 0 M H 1 9 9 8 P L C 1 1 4 0 1 0

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: 1 6 7 9 0 0 0 0

Share Application Money: N I L (including for party paid-up Shares)

III. Position of mobilisation and deployment of funds: (Rupees in Thousand)

Total Liabilities: 5 9 9 9 0 1 1 5 Total Assets: 5 9 9 9 0 1 1 5

Sources of Funds: Application of Funds:

Paid up Capital: 5 7 3 0 0 0 0 0 Net Fixed Assets: 1 2 9 1 8 1 1

Share Application Money: N I L Investments: 1 7 6 0 9 6 3

Reserves and Surplus: N I L Deferred Tax Assets: 3 7 5 0 1 0

Secured Loans: 2 1 5 0 7 3 Current Assets 5 6 4 1 9 8 2 4

Unsecured Loans: N I L Miscellaneous Expenditure: 4 9 8 8

Current Liabilities 2 4 7 5 0 4 2 Profit and Loss Account: 1 3 7 5 1 9

IV. Performance of the Company: (Rupees in Thousand)

Net Turnover: 2 7 6 0 8 1 7 Total Expenditure: 3 4 0 7 0 2 9

Profit / (-) Loss before tax: ( 7 0 0 0 8 ) Profit / (-) Loss after tax: 1 8 2 2 3 4

Earnings per Share in Rs:

- Basic 0 . 0 4 Dividend Rate: N I L

- Diluted 0 . 0 4

V. Generic Names of principal services of the company:

Item Code Number : N A

Product Description N A
Financial Information of Subsidiary Companies
(Rs. in lakh)
Sr. Name of Subsidiary Company Reporting Capital Reserves Total Total Investments Turnover/ Profit Before Provision Profit After Proposed Country
No. Currency Assets Liabilities Total Income Taxation for Taxation Taxation Dividend

1 Reliance Fresh Limited Rupees 5.00 (41,193.19) 182,762.81 182,762.81 - 208,398.97 (21,708.97) (8,192.56) (13,516.41) - INDIA
2 Retail Concepts & Services Rupees 5.00 (4,018.92) 6,097.15 6,097.15 0.05 10,946.77 (460.57) (278.35) (182.22) - INDIA
(India) Limited
3 Reliance Retail Insurance Rupees 400.00 (241.67) 311.69 311.69 - 630.98 175.33 (72.74) 248.07 - INDIA
Broking Limited
4 Reliance Dairy Foods Limited Rupees 5.00 (1,178.68) 11,208.53 11,208.53 - 29,349.25 (618.33) (203.04) (415.29) - INDIA
5 Reliance Retail Finance Limited Rupees 202.00 10,184.82 10,392.27 10,392.27 10,178.31 - (36.96) (24.78) (12.18) - INDIA
6 RESQ Limited Rupees 5.00 (76.67) 264.86 264.86 0.23 511.90 (98.03) (38.04) (59.99) - INDIA
7 Reliancedigital Retail Limited Rupees 5.00 (2,152.51) 24,077.98 24,077.98 0.98 41,186.78 (975.11) (371.23) (603.88) - INDIA
8 Reliance Financial Distribution Rupees 5.00 (2,009.01) 1,487.45 1,487.45 - 982.22 (16.06) 133.78 (149.84) - INDIA
and Advisory Services Limited
9 Reliance Hypermart Limited Rupees 5.00 (9,683.39) 142,813.22 142,813.22 115.00 51,681.78 (6,764.72) (2,513.66) (4,251.06) - INDIA
10 Reliance Retail Travel & Rupees 100.00 (127.66) 11.92 11.92 - 5.52 (2.19) - (2.19) - INDIA
Forex Services Limited
11 Reliance Trends Limited Rupees 5.00 (449.24) 22,430.48 22,430.48 0.98 18,421.20 (211.85) (73.01) (138.84) - INDIA
12 Reliance Wellness Limited Rupees 5.00 (1,812.09) 6,875.24 6,875.24 115.00 12,186.92 (1,747.23) (611.03) (1,136.20) - INDIA
13 Reliance Brands Limited Rupees 5.00 - 3,777.14 3,777.14 1,104.91 - - - - - INDIA
14 Reliance Footprint Limited Rupees 5.00 (1,325.61) 7,265.22 7,265.22 - 5,347.01 (472.98) (193.99) (278.99) - INDIA
15 Reliance F&B Services Limited Rupees 5.00 (215.05) 116.45 116.45 0.15 17.92 (25.75) - (25.75) - INDIA
16 Strategic Manpower Rupees 5.00 (1,097.17) 1,115.06 1,115.06 - 12,693.32 (171.25) (98.04) (73.21) - INDIA
Solutions Limited
17 Reliance Gems and Jewels Limited Rupees 5.00 (988.63) 2,813.51 2,813.51 - 60.67 (802.83) (387.54) (415.29) - INDIA
18 Reliance Integrated Agri Rupees 5.00 (313.23) 2,529.92 2,529.92 - 13.66 (219.03) - (219.03) - INDIA
Solutions Limited
19 Reliance Food Processing Rupees 5.00 (7,258.77) 25,097.33 25,097.33 - 13,331.68 (5,564.74) (2,080.03) (3,484.71) - INDIA
Solutions Limited
20 Reliance Universal Ventures Limited Rupees 5.00 (555.38) 3,374.55 3,374.55 - 253.69 (7.63) (21.22) 13.59 - INDIA
21 Reliance Lifestyle Holdings Limited Rupees 5.00 (2,045.89) 15,935.08 15,935.08 6,044.70 63.32 (784.18) (287.64) (496.54) - INDIA
22 Reliance Autozone Limited Rupees 5.00 (168.09) 2,599.73 2,599.73 - 1,783.64 (179.73) (61.11) (118.62) - INDIA
23 Delight Proteins Limited Rupees 5.00 (469.96) 1,951.70 1,951.70 - 3,276.97 (315.53) (209.14) (106.39) - INDIA
24 Reliance Supply Chain Rupees 101.00 (1,596.37) 27,836.62 27,836.62 - 13,149.96 (558.16) (251.41) (306.75) - INDIA
Solutions Limited
25 Reliance Leisures Limited Rupees 5.00 (973.35) 5,527.38 5,527.38 - 4,428.08 (679.55) (159.26) (520.29) - INDIA
26 Reliance Home Store Limited Rupees 5.00 (1,349.72) 6,780.14 6,780.14 - 6,084.77 (1,361.97) (466.56) (895.41) - INDIA
27 Reliance Agri Products Rupees 5.00 (1,306.58) 2,561.34 2,561.34 - 7,453.97 (823.29) (299.35) (523.94) - INDIA
Distribution Limited
28 Reliance Vantage Retail Limited Rupees 56.00 (1,900.71) 10,758.84 10,758.84 - - (461.36) (683.48) 222.12 - INDIA
Reliance Retail Limited
33
34

Financial Information of Subsidiary Companies


(Rs. in lakh)
Sr. Name of Subsidiary Company Reporting Capital Reserves Total Total Investments Turnover/ Profit Before Provision Profit After Proposed Country
No. Currency Assets Liabilities Total Income Taxation for Taxation Taxation Dividend
29 Reliance Trade Services Rupees 5.00 (993.22) 2.89 2.89 - 4.80 (62.72) - (62.72) - INDIA
Centre Limited
30 Reliance One Enterprises Limited Rupees 5.00 (4.10) 95.59 95.59 - - (0.26) - (0.26) - INDIA
31 Reliance-GrandOptical Rupees 5.00 (1.10) 5.13 5.13 - - (0.33) - (0.33) - INDIA
Private Limited
32 Reliance Digital Media Limited Rupees 5.00 (146.93) 895.87 895.87 - 1,898.82 (73.99) (27.90) (46.09) - INDIA
33 Reliance Loyalty & Analytics Limited Rupees 5.00 (874.33) 49.69 49.69 - 96.51 (230.49) - (230.49) - INDIA
Reliance Retail Limited

34 Reliance Retail Securities and Rupees 5.00 (115.02) 3.92 3.92 - 17.85 (19.71) - (19.71) - INDIA
Broking Company Limited
35 Reliance People Serve Limited Rupees 5.00 (106.53) 228.43 228.43 - 562.93 (30.72) (16.11) (14.61) - INDIA
36 Reliance Infrastructure Rupees 5.00 (1.41) 3.77 3.77 - - (0.36) - (0.36) - INDIA
Management Services Limited
37 Reliance Personal Electronics Limited Rupees 5.00 (82.44) 39.04 39.04 - 6.99 (24.73) - (24.73) - INDIA
38 Reliance Nutritional Food Rupees 5.00 (5.05) 121.22 121.22 - - (4.42) - (4.42) - INDIA
Processors Limited
39 Reliance Review Cinema Limited Rupees 5.00 (13.30) 31.86 31.86 0.95 98.06 (14.58) (6.61) (7.97) - INDIA
40 Reliance Replay Gaming Limited Rupees 5.00 (1.92) 13.72 13.72 - 60.71 (0.60) (0.94) 0.34 - INDIA
41 Reliance Petro Marketing Limited Rupees 410.60 10,624.94 15,852.59 15,852.59 4.16 46,837.39 25.72 16.21 9.51 - INDIA
42 LPG Infrastructure (India) Limited Rupees 5.00 663.08 10,104.27 10,104.27 0.30 20,432.53 199.21 83.92 115.29 - INDIA