MIRA
INFORM REPORT
|
Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
WNS GLOBAL SERVICES PRIVATE LIMITED |
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Registered Office : |
PL 10, Godrej and Boyce Complex, Pirojshanagar, L B S Marg, Vikhroli
(West), Mumbai 400079, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
13.06.1996 |
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Com. Reg. No.: |
11-100196 |
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Capital Investment / Paid-up Capital : |
Rs.121.891 Millions |
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CIN No.: [Company
Identification No.] |
U72200MH1996PTC100196 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMW01007G |
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PAN No.: [Permanent
Account No.] |
AAACW2598L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The company is engaged in providing a variety of business process outsourcing services including back office, administrative services and call center services to customers primarily in the Airline and insurance Industries. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Maximum Credit Limit : |
USD 17650520 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be sound. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitments. Company can be considered normal for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION DECLINED BY
Management Non Co-operative (Name Not Disclosed)
LOCATIONS
|
Registered Office : |
PL 10, Godrej and Boyce Complex, Pirojshanagar, L B S Marg, Vikhroli
(West), Mumbai 400079, Maharashtra , |
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Tel. No.: |
91- 22- 4095 2100 |
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E-Mail : |
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Website : |
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Corporate Office : |
Fax No.: 1 212 599 6962 The Fax No.: 44 208 754 8570 |
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Other Offices: |
Fax No.: 91-80-28495554 Fax No.: 91-44-43906000 Fax No.: 91-124-433 0001 Nashik |
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Overseas Offices : |
Fax No. 94-11-4737346
Costa Rica Tel : 63 318 2000 UAE Tel : 44 0870 402770 |
DIRECTORS
AS ON 24.09.2010
|
Name : |
Mr. Ambreesh Mahajan |
|
Designation : |
Director |
|
Address : |
A 1101, 11th Floor, Lake Castle Hirnandani Gardens, Powai,
Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1963 |
|
Date of Appointment : |
30.04.2004 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES
PRIVATE LIMITED |
Director |
30/04/2004 |
30/04/2004 |
- |
Active |
NO |
|
2 |
U72900MH2004PTC144503 |
NTRANCE CUSTOMER SERVICES
PRIVATE LIMITED |
Additional director |
04/08/2008 |
04/08/2008 |
01/12/2008 |
Amalgamated |
NO |
|
Name : |
Ms. Sulakshana J. Patankar |
|
Designation : |
Director |
|
Address: |
Nayantara 7th Floor, S No.809, Bhandarkar Road, Erandwane, Pune – 411004, Maharshtra, India |
|
Date of Birth/Age : |
30.07.1971 |
|
Date of Appointment : |
21.10.2003 |
Other Directorship:
|
|
|
|
|
|
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES
PRIVATE LIMITED |
Director |
21/10/2003 |
21/10/2003 |
- |
Active |
NO |
|
2 |
U72900MH2004PTC144503 |
NTRANCE CUSTOMER SERVICES
PRIVATE LIMITED |
Director |
29/11/2005 |
29/11/2005 |
16/10/2006 |
Amalgamated |
NO |
|
3 |
U72900MH2003PTC189790 |
WNS Customer Solutions
Shared Services Private Limited |
Director |
29/09/2008 |
10/07/2008 |
01/12/2008 |
Amalgamated |
NO |
|
Name : |
Mr. Katihkeya Neelakanta Sarma |
|
Designation : |
Director |
|
Address: |
Sree Ramabhakti 647 19th Main 16th Cross Rajarajeshwari, Bangalore – 560098, Karnataka, India |
|
Date of Birth/Age : |
11.09.1969 |
|
Date of Appointment : |
10.10.2008 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES PRIVATE
LIMITED |
Director |
30/09/2009 |
10/10/2008 |
19/11/2010 |
Active |
NO |
|
Name : |
Mr. Ravi Kulkarni |
|
Designation : |
Director |
|
Address: |
FlNOJ 2/302, Hermes Heritage, Phase II, Shastri Nagar, Pune – 411006, Maharashtra, India |
|
Date of Birth/Age : |
06.07.1975 |
|
Date of Appointment : |
22.02.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200MH2003PTC188296 |
WNS Workflow Technologies
(India) Private Limited |
Additional director |
26/09/2008 |
26/09/2008 |
- |
Amalgamated |
NO |
|
2 |
U72300MH2008PTC178983 |
Servicesource Offshore
Technologies Private Limited |
Additional director |
11/02/2010 |
11/02/2010 |
- |
Amalgamated |
NO |
|
3 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES
PRIVATE LIMITED |
Director |
24/09/2010 |
22/02/2010 |
- |
Active |
NO |
|
Name : |
Mr. Gautam Bhupat Barai |
|
Designation : |
Director |
|
Address: |
1001, B Wing, Quantum Park, Union Park, Mumbai – 400052, Maharashtra,
India |
|
Date of Birth/Age : |
15.05.1974 |
|
Date of Appointment : |
23.09.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES
PRIVATE LIMITED |
Director |
24/09/2010 |
23/09/2010 |
- |
Active |
NO |
|
Name : |
Mr. Aniruddha Ray |
|
Designation : |
Director |
|
Address: |
W2B, 122 Wellington Estate DLF Phase 5, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
06.05.1966 |
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Date of Appointment : |
06.04.2009 |
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Date of Cessation: |
15.02.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72300MH2008PTC178983 |
Servicesource Offshore
Technologies Private Limited |
Director |
17/08/2009 |
19/11/2008 |
15/02/2010 |
Amalgamated |
NO |
|
2 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES
PRIVATE LIMITED |
Director |
30/09/2009 |
06/04/2009 |
15/02/2010 |
Active |
NO |
|
Name : |
Mrs. Bharat Bhushan Jaisingh |
|
Designation : |
Director |
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Address: |
Qu-206-C, Uttari Pitampura, New Delhi – 110088, Delhi, India |
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Date of Birth/Age : |
30.09.1976 |
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Date of Appointment : |
18.02.2009 |
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Date of Cessation: |
19.02.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES PRIVATE
LIMITED |
Director |
30/09/2009 |
18/02/2009 |
19/02/2010 |
Active |
NO |
|
Name : |
Mr. Anup Kumar Gupta |
|
Designation : |
Director |
|
Address: |
56, 14 Floor, Venus Block F R G Thadani Marg Worli, Mumbai – 400018,
Maharashtra, India |
|
Date of Birth/Age : |
26.05.1972 |
|
Date of Appointment : |
08.07.2005 |
|
Date of Cessation: |
26.03.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES
PRIVATE LIMITED |
Director |
08/07/2005 |
08/07/2005 |
26/03/2010 |
Active |
NO |
|
2 |
U72900MH2003PTC189790 |
WNS Customer Solutions
Shared Services Private Limited |
Director |
29/09/2008 |
10/07/2008 |
01/12/2008 |
Amalgamated |
NO |
|
3 |
U73900MH1998PTC116053 |
NETMAGIC SOLUTIONS PRIVATE
LIMITED |
Director |
07/09/2010 |
07/09/2010 |
- |
Active |
NO |
|
4 |
U41000MH2010FTC208464 |
Jaldhara Technologies
Private Limited |
Director |
30/09/2010 |
30/09/2010 |
- |
Active |
NO |
|
Name : |
Mr. Lyndon Henry Rodrigues |
|
Designation : |
Director |
|
Address: |
62, Clarendon Road, Ashford Middlesex, United Kingdom TW152QE |
|
Date of Birth/Age : |
09.12.1963 |
|
Date of Appointment : |
22.05.2009 |
|
Date of Cessation: |
21.09.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U72200MH1996PTC100196 |
WNS GLOBAL SERVICES
PRIVATE LIMITED |
Director |
30/09/2009 |
22/05/2009 |
21/09/2010 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Satnam Chawla |
|
Designation : |
Secretary |
|
Address: |
Flat No.501, Wing D Gayatri Avenue Thakur Complex,
Kandivali, Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1971 |
|
Date of Appointment : |
08.09.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2010
|
Names of Shareholders |
No. of Shares |
|
WNS Global Services ( |
1 |
|
WNS ( |
1015245 |
|
WNS Customer Solutions ( |
202668 |
|
Total |
1217914 |
AS ON 24.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in providing a variety of business process outsourcing services including back office, administrative services and call center services to customers primarily in the Airline and insurance Industries. |
GENERAL INFORMATION
|
Bankers : |
HSBC Bank Limited, 52/60 M |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S R Batliboi and Associates Chartered Accountant |
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Address : |
6th Floor, |
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Tel. No.: |
91-22-22876485 / 6 |
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Fax No.: |
91-22-22876401 |
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Ultimate holding company: (AS ON 31.03.2009) |
WNS (Holdings) Limited |
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Holding company: (AS ON 31.03.2009) |
WNS ( |
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Fellow subsidiaries: (AS ON 31.03.2009) |
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CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7337000 |
Equity Shares |
Rs. 100/-each |
Rs.733.700 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1218914 |
Equity Shares |
Rs.
100/-each |
Rs.121.891
millions |
|
|
|
|
|
(All the above shares are held by WNS
(Mauritius) Limited and It’s nominee)
Of the above:
1. 275914 shares have been issued as
fully paid for consideration other than cash.
2.
57000 shars extinguished under buy back scheme
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
121.891 |
100.000 |
100.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4618.559 |
4312.630 |
1929.727 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4740.450 |
4412.630 |
2029.727 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
334.222 |
11.468 |
0.000 |
|
|
TOTAL BORROWING |
334.222 |
11.468 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
CONSIDERATION-Share Purchases, Capital to be issued |
0.000 |
674.914 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5074.672 |
5099.012 |
2029.727 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1682.582 |
2119.401 |
1581.434 |
|
|
Capital work-in-progress |
48.195 |
107.017 |
31.081 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
457.682 |
0.000 |
|
|
DEFERREX TAX ASSETS |
429.708 |
350.313 |
126.581 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
3816.917
|
4077.844
|
2444.646
|
|
|
Cash & Bank Balances |
515.182
|
747.873
|
305.406
|
|
|
Other Current Assets |
136.966
|
164.440
|
57.121
|
|
|
Loans & Advances |
2373.024
|
2182.961
|
1441.104
|
|
Total
Current Assets |
6842.089
|
7173.118
|
4248.277
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
68.032
|
150.557
|
38.622
|
|
|
Current Liabilities |
3493.446
|
4662.936
|
3824.438
|
|
|
Provisions |
375.511
|
295.026
|
103.673
|
|
Total
Current Liabilities |
3936.989
|
5108.519
|
3966.733
|
|
|
Net Current Assets |
2905.100
|
2064.599
|
281.544
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
GOODWILL |
9.087 |
0.000 |
9.087 |
|
|
|
|
|
|
|
|
TOTAL |
5074.672 |
5099.012 |
2029.727 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
12195.426 |
12447.514 |
7849.530 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1759.235 |
1615.925 |
681.153 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(72.136) |
(53.057) |
21.236 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1831.371 |
1668.982 |
659.917 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
7586.322 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
NA |
339.467 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
15.02
|
13.40
|
8.40
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
20.63
|
17.38
|
11.68
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.37
|
0.33
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.90
|
1.31
|
1.95
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.74
|
1.40
|
1.07
|
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors
Details
Rs.
In Millions
|
Particulars |
31.03.2010
|
31.03.2009
|
31.03.2008
|
|
Sundry Creditors |
68.032
|
150.557
|
38.622
|
Scheme of
Amalgamation
As reported in the Directors’ report for the year 2008-09, under a restructuring
plan of the WNS Group, the Company purchased all outstanding shares of the
following WNS Group companies, Marketics Technologies (India) Private Limited
(‘MTIPL’), NTrance Customer Services Private Limited (‘NTCSPL’), Customer
Operational Services (Chennai) Private Limited (‘COSPL’), Noida Customer
Operations Private Limited (‘NCOPL’), WNS Customer Solutions Private Limited
(‘WNS CSPL’) and WNS Customer Solutions Shared Services Private Limited (‘WNS
CSSSPL’), WNS Workflow Technologies (India) Private Limited (‘WNS WTIPL’).
Consequent to the above acquisition of shares of MTIPL, NTCSPL, COSPL,
NCOPL, WNS CSPL, WNS CSSSPL and WNS WTIPL (together ‘transferor companies’)
became wholly owned subsidiaries of the Company.
Subsequently, Scheme of Amalgamation of the erstwhile transferor
companies with the Company (“Scheme”) under sections 391 to 394 of the
Companies Act, 1956, as approved by the Board of Directors of the Company in a
duly convened meeting held on 14th April 2009 and sanctioned by the Hon’ble
High Court of Mumbai vide order dated 11th August, 2009, has come in to effect
on 27th August, 2009 from the appointed date April 1, 2007. The Scheme has
helped in consolidating the business process outsourcing services in to the
Company for better focus, control and management.
In November 2009, under a further restructuring plan of the WNS Group,
the Company purchased all outstanding shares of the following WNS Group
companies:
a.
First Offshoring Technologies Private Limited (‘FOTPL’)
– acquired from WNS (Mauritius) Limited at an aggregate consideration of Rs.
INR 174.500 Millions
b.
Service source Offshore Technologies Private
Limited (‘SOTPL’) - acquired from WNS (Mauritius) Limited at an aggregate
consideration of INR 55.900 Millions.
c.
c. Hi-Tech
Offshoring Services Private Limited (‘HOSPL’), - acquired from WNS (Mauritius)
Limited at an aggregate consideration of INR 0.01 Millions.
Consequent to the above acquisition of shares of FOTPL, SOTPL and HOSPL
(together ‘transferor companies’) became wholly owned subsidiaries of the
Company. The transferor companies were also engaged in providing a variety of
business process outsourcing services.
Subsequently, Scheme of Amalgamation of the erstwhile transferor
companies with the Company (“Scheme”) under sections 391 to 394 of the
Companies Act, 1956, as approved by the Board of Directors of the Company in a
duly convened meeting held on 19th November 2009 and sanctioned by the Hon’ble
High Court of Mumbai vide order dated 25th March 2010, has come in to effect on
31st March 2010 from the appointed date April 1, 2008 for FOTPL and SOTPL and
8th April 2008 for HOSPL. The Scheme has helped in consolidating the business
process outsourcing services in to the Company for better focus, control and
management.
Buyback of equity
shares of the Company
During the year under review, the Company pursuant to Sec 77A of the
Companies Act, 1956, announced and completed the buyback of 57,000 fully
paid-up equity shares, representing 4.47% of the paid up equity share capital
of the Company of face value of Rs.100/-each through fixed price tender offer
in accordance with the provisions of Private Limited Company and Unlisted
Public Limited Company (Buy-Back of Securities) Rules, 1999 (“the Regulation”)
from the existing shareholders of the Company at a price of Rs. 19,223.78 per
share payable in cash. The offer aggregated to Rs. 1095.800 Millions (“Offer
Size”) representing 24.83% of the paid up capital and free reserves of the
Company as on 31st March 2009.
With the filing of necessary documents with the ROC and subsequent
cancellation of shares held with the Central Depository Services (India)
Limited, the said Buyback of shares was consummated on 4th January 2010. The
paid up capital of the Company Consequent to the buyback of shares, is now
Rs.121.891 Millions.
FORM 8
|
Name of the company |
WNS GLOBAL SERVICES PRIVATE LIMITED |
|
Presented By |
HSBC Bank Limited, Address:52/60 M |
|
1) Date and description of instrument creating the change |
Deed of
Hypothecation dated 29.10.2002 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.
370.000millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Company’s Present
and future Book Debts, Outstanding monies received. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
In consideration
of loan and any other banking facilities sanctioned/to be sanctioned by the
bank to the company, the company has hypothecated and charged to the bank by
way of first charge as a continuing security, the assets mentioned in Items
no 3 above to secure the repayment of
the advances together with interest cost and all other charges. Interest at
the rate of shall be payable by the company, subject however that the bank
shall have the right to change the rate of interest after giving notice to
the company. The company shall maintain such margin of securities as many be
spacified by the bank from time to time. In case of the company fails to
fulfill its obligations under the agreement, the bank shall be entitled to
take possession of the hypothecated properties and sell them by public
auction or private contract and utilize the proceeds in full or part
settlement of its claims. |
|
5) Name and Address and description of the person entitled to the charge. |
HSBC Bank Limited, Address:52/60 M |
Fixed Assets:
- Leasehold
Improvement
- Computer
- Furniture and
Fixtures
- Equipment and
Fittings
- Generators
- Vehicles
BOARD OF
DIRECTORS:
Eric B. Herr · Chairman
Mr. Eric Herr serves as the Chairman of the Board. Mr. Herr became a
member of the board of directors with the completion of the company’s initial
public offering in 2006. Formerly, Mr. Herr has been director of Taleo
Corporation and chief financial officer of Autodesk, Inc. Mr. Herr
received a Master of Arts degree in Economics from
Keshav Murugesh · Chief Executive
Officer
Mr. Murugesh serves as their Chief Executive Officer and a member of
their Board of Directors. Based in Mumbai, Mr. Murugesh is responsible for
executing their business strategy and directing the overall performance and
growth of their organization. Prior to joining WNS, he served as the President
and Chief Executive Officer of Syntel Inc. where Mr. Murugesh was responsible
for the company's global IT services and knowledge process outsourcing (KPO)
businesses. Prior to being named CEO, he served as COO, President and CFO,
during which time the company's global work force, revenue, EPS and market
capitalization grew significantly. Prior to joining Syntel as CFO in 2002, he
held a range of progressively responsible senior management posts at
conglomerate ITC Limited, an affiliate of BAT plc. Mr. Murugesh holds a
Bachelor's Degree of Commerce and is a Fellow of The Institute of Chartered
Accountants of India. He is a frequent industry speaker and serves as the
Chairman of SIFE (Students in Free Enterprise)
Albert Aboody · Director
Mr. Albert Aboody was appointed to our board of directors in June 2010
as an independent director. He is also serving as chairman of the Audit
Committee of the Board. Mr. Aboody was an Audit Partner at KPMG LLP (U.S.)
where he worked on significant client assignments and participated in the
establishment of policies and overseeing of professional practice accounting
and auditing matters as a member of the firm’s National Office. In this
capacity he also reviewed filings by registrants with the U.S. Securities and
Exchange Commission (SEC) and engaged in discussions with the SEC on accounting
and auditing issues affecting KPMG clients. He has also served on the Advisory
Board of KPMG India, as its Deputy Chairman and as head of its audit
department. He co-authored the chapter on SEC Reporting Requirements appearing
in the 2001-2008 annual editions of the Corporate Controller’s Manual. Mr.
Aboody is a member of the American Institute of Certified Public Accountants,
he was a Post-graduate Research Scholar at
Richard Bernays · Director
Mr. Bernays joined the Board in 2006 as an independent director. Prior
to his retirement in 2001, Mr. Bernays held several leadership positions at Old
Mutual, plc, a London-based international financial services company, and most
recently served as Chief Executive of Old Mutual International. He has also
held senior executive positions at Jupiter Asset Management, Hill Samuel Asset
Management and Mercury Asset Management. Mr. Bernays currently serves on
several boards including Hermes Pensions Management,
Sir Anthony Greener · Director
Sir Anthony Armitage Greener was appointed to our board of directors in
2007. Sir Anthony is based in
Deepak S. Parekh · Director
Mr. Parekh became a member of the board of directors with the completion
of the company’s initial public offering in 2006. He currently serves as the
chairman and chief executive officer of Housing Development Finance Corporation
Limited (HDFC), based in
Jeremy Young · Director
Nominated by Warburg Pincus, Mr. Young was appointed to the board of
directors in 2004. He focuses on business services and is also a director of WP
Maverick Limited, Fibernet Communications and Warburg Pincus Roaming II S.A..
He previously held various positions at Baxter Healthcare International, Booz,
Allen and Hamilton International and Cellular Transplant / Cytotherapeutics
before joining Warburg Pincus in 1992. Mr. Young holds a Master of Arts degree
in English from
Press
Release:
WNS Announces Cessation of Change of
Control Discussions
NEW YORK, NY and MUMBAI, INDIA, Sep 17, 2009 (MARKETWIRE via
COMTEX) -- WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
business process outsourcing (BPO) services, today announced that the Board of
Directors of the Company has completed its consideration of the expressions of
interest received from interested parties regarding a possible change of
control transaction, and has decided not to pursue further discussion.
The
Board also noted that management is focused on performance which continues to
be in line with the guidance reiterated in the last earnings call.
About WNS
WNS is
a leading global business process outsourcing company. Deep industry and
business process knowledge, a partnership approach, comprehensive service
offering and a proven track record enable WNS to deliver business value to some
of the leading companies in the world. WNS is passionate about building a
market-leading company valued by our clients, employees, business partners,
investors and communities. For more information, visit www.wns.com
Safe
Harbor Statement under the provisions of the United States Private Securities
Litigation Reform Act of 1995
This
news release contains forward-looking statements, as defined in the safe harbor
provisions of the
PRESS
RELEASE
WNS Wins the
Recognized for generating employment in tier II city -
Nashik
MUMBAI, INDIA, Aug 24, 2010
(MARKETWIRE via COMTEX) --WNS (Holdings) Limited (NYSE: WNS), a leading
provider of global business process outsourcing services, has been honored with
the prestigious Maharashtra State IT Award 2010 in the Special Category by the
Directorate of Industries, Government of Maharashtra. Honorable Chief Minister
of
WNS was recognized for its center
in
"We are honored to be bestowed
with this esteemed award and are grateful to the Government of Maharashtra for
the encouragement by recognizing our efforts. The efforts by State Government
of Maharashtra to promote the IT/ITES industry in the state have been
instrumental in the growth of our company. WNS started its operations in Mumbai
in 1996 and soon was able to expand its operations to other cities in the state
- Pune and
The state of
About WNS
WNS is a leading global business
process outsourcing company. Deep industry and business process knowledge, a
partnership approach, comprehensive service offering and a proven track record
enable WNS to deliver business value to some of the leading companies in the
world. WNS is passionate about building a market-leading company valued by our
clients, employees, business partners, investors and communities. For more
information, visit www.wns.com
These forward-looking statements
are based on our current expectations, assumptions, estimates and projections
about our Company and our industry. The forward-looking statements are subject
to various risks and uncertainties. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
"anticipate," "believe," "estimate,"
"expect," "intend," "will," "project,"
"seek," "should" and similar expressions. Those statements include,
among other things, the discussions of our business strategy and expectations
concerning our market position, future operations, margins, profitability,
liquidity and capital resources. We caution you that reliance on any
forward-looking statement involves risks and uncertainties, and that although
we believe that the assumptions on which our forward-looking statements are
based are reasonable, any of those assumptions could prove to be inaccurate,
and, as a result, the forward-looking statements based on those assumptions
could be materially incorrect. These factors include but are not limited to
worldwide economic and business conditions; political or economic instability
in the jurisdictions where we have operations; regulatory, legislative and
judicial developments; our ability to attract and retain clients technological
innovation; telecommunications or technology disruptions; future regulatory
actions and conditions in our operating areas; our dependence on a limited
number of clients in a limited number of industries; our ability to expand our
business or effectively manage growth; our ability to hire and retain enough
sufficiently trained employees to support our operations; negative public
reaction in the US or the UK to offshore outsourcing; increasing competition in
the BPO industry; our ability to successfully grow our revenue, expand our
service offerings and market share and achieve accretive benefits from our
acquisition of Aviva Global Services Singapore Pte. Limited (which we have
renamed as WNS Customer Solutions (Singapore) Private Limited following our
acquisition), or Aviva Global, and our master services agreement with Aviva
Global Services (Management Services) Private Limited; and our ability to
successfully consummate strategic acquisitions. These and other factors are
more fully discussed in our annual report on Form 20-F for the fiscal year
ended March 31, 2010 filed with the U.S. Securities and Exchange Commission
which is available at www.sec.gov. In light of these and other uncertainties,
you should not conclude that we will necessarily achieve any plans, objectives
or projected financial results referred to in any of the forward-looking
statements. Except as required by law, we do not undertake to release revisions
of any of these forward-looking statements to reflect future events or
circumstances.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.17 |
|
|
1 |
Rs.77.49 |
|
Euro |
1 |
Rs.67.96 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
64 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.