Reliance Communications Limited (commonly called RCOM) is a major Indian telecommunication company headquartered in Navi Mumbai, India.

It is the 16th largest operator in the world with more than 128 million subscribers. RCOM, founded by Dhirubhai H Ambani (19322002), is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a net worth in excess of 64,000 crore (US$13.6 billion), cash flows of 13,000 crore ($2.8 billion), and a net profit of 8,400 crore ($1.8 billion). The Equity Shares of RCOM are listed on Bombay Stock Exchange Limited and National Stock Exchange Limited. The Global Depository Receipts and Foreign Currency Convertible Bonds are listed onLuxembourg Stock Exchange and Singapore Stock Exchange respectively.

Background
It ranks among the top 5 telecommunications companies. Retrieved 2010-04-14. in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers. The company has established a pan-India, next-generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the next-generation IP-enabled connectivity infrastructure,
[2]

comprising over 190,000 kilometers of fiber

optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Main subsidiaries
[edit]Reliance Telecommunication Limited (RTL) In July 2007, the company announced it was buying US-based managed ethernet and application delivery services company Yipes Enterprise Services for a cash amount of 1200 crore (the equivalent of US$300 million). The deal was announced of the overseas acquisition, the Reliance group has amalgamated the United States-based Flag Telecom for $210 million (roughly 950 crore). RTL operates in Madhya Pradesh, West Bengal, Himachal Pradesh, Orissa, Bihar, Assam, Kolkata and Northeast, offering GSM services.
[3]

[edit]Reliance Globalcom RGL owns the worlds largest private undersea cable system,
[4]

spanning 65,000 km seamlessly

integrated with Reliance Communications. Over 110,000 km of domestic optic fiber provides a robust Global Service Delivery Platform, connecting 40 key business markets in India, the Middle East, Asia, Europe, and the U.S.

[edit]Reliance Internet Data Center (RIDC) RIDC provides Internet Data Center (IDC) services located in Mumbai, Bangalore, Hyderabad and Chennai. Spread across 650,000 sq ft (60,000 m ) of hosting space, it offers IT infrastructure management services to large, medium and small enterprises. It is one of the leading data center service provider in India and provides services like colocation, managed server hosting, virtual private server and data security. It has launched cloud computing services,
[5] 2

offering

product under its infrastructure as a server (Iaas) and software as a service (Saas) portfolio, which enables enterprises, mainly small and medium, a cost-effective IT infrastructure and application on payper-user model. [edit]Reliance Big TV Limited Main article: Big TV Reliance Big Tv launched in August 2008
[7] [6]

and thereafter acquired 1 million subscribers within 90 days of

launch, the fastest ramp-up ever achieved by any DTH operator in the world. Reliance Big TV offers its 1.7 million customers DVD-quality pictures on over 200 channels using MPEG-4 technology. [edit]Reliance Infratel Limited (RITL) RITLs business is to build, own and operate telecommunication towers, optic fiber cable assets and related assets at designated sites, and to provide these passive telecommunication infrastructure assets on a shared basis to wireless service providers and other communications service providers under longterm contracts.

Management - Reliance Comm

Name Designation

Anil D Ambani S P Talwar A K Purwar Name J Ramachandran Deepak Shourie

Chairman / Chair Person Director Director Designation Director Director

S.No 1 2 3 4 5

Name Mr.Anil Dhirubhai Ambani Mr.S P Talwar Mr.A K Purwar Mr.Deepak Shourie Prof.J Ramachandran

Designation Chairman / Chair Person Director Director Director Director

Capital structure
From Year 2009 2008 2007 2006 2005 To Year 2010 2009 2008 2007 2005 Class Of Share Equity Share Equity Share Equity Share Equity Share Equity Share Authorized Capital 1,500.00 1,500.00 1,500.00 1,500.00 625.00 Issued Capital 1,032.01 1,032.01 1,032.01 1,022.31 0.05 Paid Up Shares (Nos) 2064026881 2064026881 2064026881 2044614990 100000 Paid Up Face Value 5 5 5 5 5 Paid Up Capital 1,032.01 1,032.01 1,032.01 1,022.31 0.05

Profit loss account

Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Dec ' 05

Mar ' 10

Mar ' 09

Mar ' 08

Mar ' 07

Dec ' 05

Income
Operating income 13,554.60 15,086.66 14,792.05 12,756.30 -

Expenses
Material consumed 50.39 29.95 15.15 16.48 -

Manufacturing expenses

7,994.76

5,975.57

4,144.21

3,358.34

Personnel expenses

672.39

754.56

858.65

684.40

1.11

Selling expenses

662.96

773.21

1,067.76

1,399.88

Adminstrative expenses

1,980.67

2,323.44

2,532.99

1,784.19

0.55

Expenses capitalised

Cost of sales

11,361.17

9,856.73

8,618.76

7,243.29

1.66

Operating profit

2,193.43

5,229.93

6,173.29

5,513.01

Other recurring income

797.98

675.12

28.68

169.61

13.26

Adjusted PBDIT

2,991.41

5,905.05

6,201.97

5,682.62

11.59

Financial expenses

1,253.84

1,153.24

870.05

456.55

Depreciation

1,511.24

1,933.51

1,843.66

1,836.12

2.74

Other write offs

Adjusted PBT

226.33

2,818.30

3,488.26

3,389.95

8.86

Tax charges

1,404.59

1,488.64

1,393.66

1,043.38

3.20

Adjusted PAT

-1,178.26

1,329.66

2,094.60

2,346.57

5.65

Mar ' 10

Mar ' 09

Mar ' 08

Mar ' 07

Dec ' 05

Non recurring items

1,657.19

3,473.01

491.85

62.28

Other non cash adjustments

Reported net profit

478.93

4,802.67

2,586.45

2,408.85

5.65

Earnigs before appropriation

981.68

9,102.91

4,881.35

2,414.50

5.65

Equity dividend

175.44

165.12

154.80

102.23

Preference dividend

Dividend tax

29.14

28.06

26.31

17.37

Retained earnings

777.10

8,909.73

4,700.24

2,294.90

5.65

(Rs crore)

Balance sheet
Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07 Dec ' 05

Sources of funds
Owner's fund

Equity share capital

1,032.01

1,032.01

1,032.01

1,022.31

0.05

Share application money

611.57

Mar ' 10

Mar ' 09

Mar ' 08

Mar ' 07

Dec ' 05

Preference share capital

Reserves & surplus

49,466.88

50,658.31

23,808.02

19,503.23

14,783.43

Loan funds
Secured loans 3,000.00 3,000.00 950.00 5,113.57 -

Unsecured loans

21,478.28

27,903.61

19,336.43

9,454.27

Total

74,977.17

82,593.93

45,126.46

35,093.38

15,395.04

Uses of funds
Fixed assets

Gross block

39,838.17

37,941.15

21,576.32

20,625.82

198.09

Less : revaluation reserve

Less : accumulated depreciation

9,225.69

6,533.38

4,688.69

2,527.37

31.85

Net block

30,612.48

31,407.77

16,887.63

18,098.45

166.24

Capital work-in-progress

1,683.52

3,643.86

7,117.56

2,185.60

Investments

31,898.60

31,364.75

13,844.14

5,434.43

12,074.10

Net current assets

Current assets, loans & advances 20,005.94 25,543.01 18,515.29 20,107.04 3,158.96

Less : current liabilities & provisions

9,223.37

9,365.46

11,238.16

10,732.14

4.25

Total net current assets

10,782.57

16,177.55

7,277.13

9,374.90

3,154.70

Miscellaneous expenses not written

Total

74,977.17

82,593.93

45,126.46

35,093.38

15,395.04

Mar ' 10

Mar ' 09

Mar ' 08

Mar ' 07

Dec ' 05

Notes:
Book value of unquoted investments 31,898.31 31,364.63 13,844.14 5,434.43 12,074.10

Market value of quoted investments

0.29

0.12

Contingent liabilities

3,274.83

6,555.82

4,392.73

3,781.30

Number of equity sharesoutstanding (Lacs)

20640.27

20640.27

20640.27

20446.15

1.00

Dividend
Year 2010 2009 2008 2007 Month May Jul Apr Apr Dividend (%) 17 16 15 10

RELIANCE COMMUNICATIONS LIMITED Credit Rating

Reliance Communications Limited has informed the Exchange that ICRA Limited has retained the Long Term rating of Reliance Communications Limited at LAA+ level and placed under watch with negative implications and reaffirmed its rating of A1+ for Short-Term Fund Based/ Non Fund Based Limits

Reliance Communications Ltd has informed BSE that ICRA Ltd. has assigned long term rating of LAA+ for the long term debt programme of the Company. ICRA Ltd. has also reaffirmed its short term rating of A1+ assigned earlier.

RELIANCE COMMUNICATIONS LTD. Industry: Telecommunications - Service ISIN No BSE Code NSE Code INE330H01018 532712 RCOM 52Week High 52Week Low P/BV 208 84 0.43

ACCOUNTING POLICY Chairman / Chair Person: Anil Dhirubhai Ambani Book Value EPS Div Yield 244.66 2.32 0.80 Face Value P/E Market Cap. 5.00 45.86 21961.25

Reliance Communications was in the eye of the storm that rocked the market last week and the stock was sucked down into a vortex of selling pressure to its life-time low of Rs 89.7 on Friday. It had shaved off 22 per cent from the previous weeks close at that point.The trends along all -time frames long, medium and short-term are down in the stock. The stock had strong long-term support around Rs 132. Since this level was breached last month, a weekly close above this level is now required to mitigate the bearishness. Investors wishing to take fresh exposure to the stock should wait for a close above this level before doing so. Subsequent resistances are Rs 160 and Rs 205. Medium-term view will turn positive on a close above the second resistance. The tricky question is what should those still holding the stock do? These investors should have exited the stock once it closed below Rs 130. If they havent then the stop-loss can be moved lower to Rs 75. If this level breaks, it is not possible to guess where the slide can halt. That said the movement over the last two days implies that some buying is emerging at current levels.